Sensex closes above 52K mark, banking and financial stocks surge - The Daily Guardian
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Sensex closes above 52K mark, banking and financial stocks surge

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Mumbai (Maharashtra) [India], February 15 (ANI): Contained coronavirus infections and some broad indications of a rebound in economic activity boosted investor confidence on Monday with key equity indices trading at fresh lifetime highs.
Besides, firm global cues led banking and financial stocks to garner handsome gains.
The BSE S&P Sensex closed 610 points or 1.18 per cent higher at 52,154 while the Nifty 50 advanced by 151 points or 1 per cent to 15,315.
Sectoral indices at the National Stock Exchange were mixed with Nifty private bank up by 3.2 per cent, PSU bank by 2.2 per cent and financial service by 2.8 per cent. But Nifty metal was down by 0.4 per cent and pharma by 0.3 per cent.
Among stocks, Axis Bank moved up by 6.2 per cent to Rs 797 per share. ICICI Bank edged higher by 4.1 per cent, IndusInd Bank by 3 per cent and HDFC Bank by 2 per cent.
State Bank of India was up by 3.4 per cent to Rs 406.75 per share while Bajaj Finance ticked up by 3.64 per cent and home loan lender HDFC by 2.5 per cent.
Among the losers were HDFC Life which cracked by 2.2 per cent, SBI Life, Grasim, Coal India, Tata Steel and Dr Reddy’s.
Meanwhile, Asian shares advanced to record highs as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington.
MSCI’s broadest index of Asia Pacific shares outside Japan jumped by 0.4 per cent.
Japan’s Nikkei climbed by 1.3 per cent despite data showing the country’s recovery from its worst post-war recession slowed in the fourth quarter. (ANI)

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Indian banks’ modest recovery faces challenges from Covid-19 stress: Fitch

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Mumbai (Maharashtra), March 8 (ANI): The impact of Covid-19 pandemic is likely to pose challenges to improving financial performance of Indian banks once asset-quality risks manifest in the financial year ending March 2022 (FY22), Fitch Ratings said on Monday.
The banks reported lower impaired loans and improved profitability for nine months ended December 2020 due to various forbearance measures and continued large write-offs.
Particularly, government-owned banks remained more risk averse than in prior years which was reflected in their weak credit growth.
Fitch said it expects a moderately worse sector outlook for Indian banks for 2021-22 based on muted expectations for new business and revenue generation, and deteriorating asset quality.
The government’s less-than-adequate recapitalisation plans for its banks further underscores the risk which will likely keep risk aversion high among banks amid continuing uncertainty about asset quality and an uneven economic recovery, it said.
“The disproportionate shock to India’s informal economy and small businesses coupled with high unemployment and declining private consumption have yet to fully manifest on bank balance sheets.”
The banks’ impaired-loans ratio declined by 130 basis points to 7.2 per cent at 9M FY21 but it is yet to factor in the majority of pandemic stress which is unrecognised due to judicial intervention or forbearance.
As these measures unwind, Fitch expects banks to reverse the improvements in asset quality and profitability with state banks more vulnerable to higher stress than private banks, which have better profitability and higher contingent reserves and capitalisation. (ANI)

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The first digital agency to make the brand trend globally

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New Delhi [India], March 8 (ANI/SRV Media): With a digital transformation afoot, having a platform where the target audience is the youth of the country is a necessity today. An Indian digital agency, DG AVATAR that creates digital campaigns for films and celebrities is making it look trendy and up-to-date with today’s world which can be witnessed in their latest music video Chillum ft. AJ.
The unique thing about the video is that DG Avatar has produced the music video and this is probably the first time any digital agency in India has done so. The song also features JO and is directed by Krishna (AJ’s brother)
Chillum features an underground hip hop artist AJ, and the song has been launched on ZEE’s music YouTube channel on the 2nd of March. DG AVATAR is probably the first digital agency in India that has taken a step forward to produce and make the brand visible across the globe simply to promote new talent. The song has been sung and written by AJ and directed by Krishna.
The makers are so socially responsible that they even put out a disclaimer on their social media that said ‘The makers of Chillum do not promote any consumption of tobacco and the word in the song is a synonym of what a lover calls his partner.’
Speaking about how DG Avatar ended up producing the music video, Founder, Abhishek Jain said, “I always hated getting into production but the opportunity was such that I couldn’t say no and the artist impressed me with his passion and dedication towards the genre. We have one more song lined up which will be released on AJ’s own production house channel called Birds Roar Entertainment. Hope you guys like that too!”
Making music videos is a task but it is one of the most famous trends nowadays as it is beneficial for artists and the audience as while sitting at home, the only source of entertainment is to watch different things. Music videos trend extremely fast making it easier for a client to market their product or service. The main idea of a music video is to produce something that grabs attention faster and has a catchy look to it. To make a music video, one has to keep a lot of things in mind like content, catchy tunes, visuals and graphics, marketing strategy, and entertaining lyrics.

To understand a little gist about DG Avatar, the agency believes in delivering good results in the different services which they call ‘Avatars’. The different Avatars that they deliver in form of the services include social media planning, content, media, website ads, Google banners, organic growth through influencers and Digital PR
The music video has been co-produced by Birds Roar Entertainment which is founded by AJ & Krishna. They have made many songs that users can check out on YouTube.
The makers of Chillum are looking forward to releasing another music video soon. DG Avatar not only specializes in advertising its services on digital platforms, but it also makes different creative posters for famous movies and ventures. Looks like they did not have any issue while designing the campaign for the song!
Recently, the founder of the agency Abhishek Jain, won the Business Mint 40 Under Forty 2021 Award in the digital marketing category as a promising entrepreneur owing to his dedication and skills towards making the agency excel. They aim at bringing an even better and entertaining experience through their future endeavours by making the best use of digital platforms.
To know more, visit DG Avatar and Chillum Music Video
This story is provided by SRV Media. ANI will not be responsible in any way for the content of this article. (ANI/SRV Media)

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Vineet Nanda as Director – Sales and Marketing of Krisumi Corporation

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Gurugram (Haryana) [India], March 8 (ANI/NewsVoir): Krisumi Corporation a joint venture of two titans: Sumitomo Corporation Japan, a fortune 500 company USD 50 billion company that has delivered 300 real estate projects globally and the automobile components behemoth Krishna Group has appointed Vineet Nanda as Director – Sales & Marketing recently.
Nanda is one of the most sought-after Sales and Marketing leaders in the real estate market. He has served 3 other real estate companies – Central Park, M3M and Omaxe two stints at each prior to joining Krisumi Corporation.
He has also worked with Usha International as National Product Head (Auto components). Nanda is also widely acknowledged as the man behind the success of The Room, luxury studio apartments in Sohna Road by Central Park, where the average rental yield for apartments of sizes 837 sq. ft. to 1397 sq. ft. was upwards of 5 per cent.
A thought leader and a business & market strategist, Vineet’s stories of turning businesses around have become case studies in the real estate industry as well as the auto components industry.
An alumnus of Government College, Chandigarh, (he is Founder & President of the Alumni Association (Delhi Chapter) Vineet is a keen Golfer and an avid follower of Ram Charan, Jack Welch and Philip Kotler.
Speaking on the occasion Chairman, Krishna Group, Ashok Kapur welcomed Vineet Nanda, “I see him steering Krisumi to lead and take a pole position. I am confident that Vineet will change the game and set new benchmarks for Krisumi.”
Takahiro Yamazaki, Joint CEO & Director, Krisumi warmly welcomed him, “We are delighted to have Nanda san. Under his leadership, I am confident that we will mount a new milestone of success.”
Vineet Nanda on his appointment said, “It’s my pleasure to join the most professional, reputed company that works like a true corporate. The refreshing change they bring to real estate with their focus on quality, technology, craftsmanship in sync with consumer needs builds trust and removes the distrust people have with real estate developers.
The project is truly at par with global standards and with construction in full swing I see it fast developing as a rental Mecca and a hub of expats. The ROI in the residential market will be one that will become a benchmark,” he added.
An enterprising collaboration between Sumitomo Corporation, Japan and Krishna Group, India, Krisumi is a convergence of Kriya, meaning creation in Sanskrit, and Sumi, the Japanese word for fine living.
Our endeavour is to conceptualize, design and build homes that are characterized by the highest standards of Japanese craftsmanship, in sizes that complement today’s ever-evolving way of life. By unifying Japanese design aesthetics with the warmth of Indian hospitality, we at Krisumi are giving shape to architectural masterpieces that are spectacular in form, and highly practical in function.
Driven by a 400-year legacy of excellence and trust, and a commitment to deploying cutting-edge design and technology, Krisumi is where Sophistication is Simplified.
Krishna Group is one of the largest component manufacturers of India with Krishna Maruti Limited as its flagship company. It has diversified interests in automotive components, travel, media, entertainment seating and real estate. Over the last 30 years, Krishna group has forged over 21 international Joint ventures and alliances.
Driven by a philosophy of collaboration with several successful Joint Ventures with Global Leaders in each of their fields, Krishna Group today services marquee clients across the world, and is recognized for its customer orientation, quality products and strict adherence to commitments.
Sumitomo Corporation (“SC”) is a member company of the Sumitomo Group which has a 400-year-old history and is a leading Fortune 500 global trading and business investment company with 107 locations in 65 countries/regions and 22 locations in Japan. The entire SC Group consists of more than 800 companies and more than 70,000 personnel.
SC conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in companies to promote greater growth potential.
SC has successfully delivered over 300 world-class real estate projects across Japan, the USA, China and Indonesia and SC’s core business areas also include Metal Products, Transportation and Construction Systems, Environment and Infrastructure, Media, Network, Lifestyle Related Goods and Services, Mineral Resources, Energy, and Chemical and Electronics.
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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Absolute Binge Entertainment acquires story rights of Delhi cop Seema Dhaka to make web series

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Mumbai (Maharashtra) [India], March 8 (ANI/NewsVoir): Seema Dhaka is the first Delhi Police officer to be promoted out of turn, for finding 76 missing children, within a short span of three months. Now, a web series will be made to showcase the inspiring story of this lady cop.
The rights for the same have been acquired by Absolute Binge Entertainment, an upcoming production house that has plans to make content-driven web series and films.
Absolute Binge Entertainment is the subsidiary company of Absolute India Newspaper Group. Absolute India is one of the leading daily entertainment newspaper with a presence in Mumbai, Delhi and Bhopal. The company is owned by Yogendra Chaturvedi.
Talking about acquiring the rights for Seema Dhaka’s story, Yogendra Chaturvedi says, “Through Absolute Binge Entertainment we want to bring real life-based stories for the audience in the form of film or web series. We believe in making good cinema backed by real-life stories. When we got to know about Seema Dhaka’s story, we immediately approached her for her life story rights. After many creative discussions, she got happy to associate with us. Her’s is a story that must be told. Soon we will announce our female lead who will be playing Seema Dhaka.”
Adds Seema Dhaka, “When ABE approached me to acquire the rights to make a web series based on my life, I was surprised. More than myself I want the audience to see the struggles through which these 76 children and their families have gone. So, I decided to give the rights. I will be glad if an actor like Taapsee Pannu or Vidya Balan will play my character in the web series.”
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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Solitaire Global Schools, where community service and academics go hand in hand!

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New Delhi [India], March 8 (ANI/SRV Media): In the latest season of Kaun Banega Crorepati (KBC), Inali Foundation – an NPO that provides affordable prosthetics, got featured. Inali Foundation is a non-profit section 8 organization that was founded in 2016 to provide affordable upper limbs to those who lost them in an accident or do not have them by birth.
The majority of the patients are those who cannot afford prosthetics or medical assistance for their disability. Mayo Arm and Simple Silicon made Cosmetic Gloves are two variants of the upper limbs that Inali Foundation has distributed.
Unbeknownst to many, Solitaire Global Schools has funded Inali Foundation since its inception. At Solitaire Global Schools, utmost importance is given to academics as well as giving back to the community. The school’s regular funding has enabled Inali Foundation to achieve its goals and change the lives of people forever.
The Solitaire Educational & Welfare Society has donated 11 units of prosthetics as its contribution towards the Inali Foundation and also aims to donate at least 100 more. Moreover, they plan to fully sponsor a facility for Inali Foundation to be opened for their South India Operations soon.
SGS is also the title sponsor for Street Cause – an organization that mobilizes the youth to take up several social welfare projects. Through Street Cause, students from diverse backgrounds with various ambitions come together to find solutions to the inequities in society. Currently, it is the largest student-run NGO in the state with a volunteer base of more than 2,000 and has completed more than 7,000 activities.
Afshan of Solitaire Global Schools, on receiving the award, says, “We at Solitaire Global Schools have come a long way and we believe that every Solitarian should have a world-class education. We motivate students towards IT and Sports making them stronger & better in every field of life. We focus on getting the best from our students, encouraging them towards being empathetic and be the change-makers the world needs today.
We have a yearlong program ‘Coins for Change’, as part of our duty to give back to society. We encourage our students to donate coins that are used to help the needy around the city. In the future, we always hope to continue this long tradition and prepare students for life.”
Solitaire Global Schools has been named one of the Best Emerging Schools In Hyderabad, South Zone by Times of India. It is a school with an international outlook and by adding to its impressive growth, it has also been awarded as a Great Place to Study by Forbes India Magazine.
The reputed school aims to create a learning environment that is conducive to assisting the students and educators to be creative, capable, compassionate, and equanimous citizens of character with a global outlook. Solitaire Global Schools, over time, has become the top choice school for parents in Hyderabad owing to its constant desire to improve and impart high-quality education.
The school strives to achieve this mission with a commitment to creating a safe and nurturing environment aided by the creative, inspirational team of facilitators and a relevant curriculum for the students for their present needs, future ambitions, and aspirations.
The Cambridge Pathway school has undoubtedly had a great impact and strives to further its vision of making every student a global leader. For more information visit: Solitaire Global Schools
This story is provided by SRV Media. ANI will not be responsible in any way for the content of this article. (ANI/SRV Media)

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Microland features in IAOP’s “The Global Outsourcing 100” list

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Bengaluru (Karnataka) [India]/Atlanta (Georgia) [USA]/London [UK], March 8 (ANI/PRNewswire): Microland, a global digital transformation company today announced its recognition in the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100 list (GO100) https://www.iaop.org/GlobalOutsourcing100.
This is a prestigious annual listing of the world’s best providers and advisors. Inclusion in GO100 demonstrates a commitment to excellence and continuous improvement that is the hallmark of the outsourcing industry. This program recognizes organizations that are leading the way in the industry and serves as a comprehensive resource for the buy-side during the partner selection process.
Microland has been included in The 2021 Global Outsourcing 100 through a rigorous scoring methodology that includes a review by an independent panel of IAOP customer members who have extensive experience in selecting outsourcing service providers. Microland has been featured in this list by virtue of its eminence across four areas of evaluation:
* Customer References as demonstrated through the value being created at the company’s top customers
* Awards & Certifications as demonstrated through industry recognition and relevant organizational and individual professional certifications
* Programs for Innovation as demonstrated through specific programs and resultant outcomes that produce new forms of value for customers
* Corporate Social Responsibility as shown through corporate programs and outcomes that address community involvement and development
“Microland has pioneered innovative IT infrastructure solutions over the last 31 years with an incessant focus on delivering nextgen transformative solutions. Microland has been ‘Making Digital Happen’ for its clients ensuring they retain their competitive edge in the marketplace. This recognition is another huge validation and celebration of our fundamental strengths. It’s a worthy addition to our string of recent accolades including being recognised as a Leader in the Gartner Magic Quadrant for Managed Network Services. I would like to thank all our clients for their trust in Microland, and all Microlanders for their deep customer centricity,” said Ashish Mahadwar, President Microland Limited.
IAOP is the global association that brings together customers, providers, advisors and acamedics in a collaborative, knowledge-based environment that promotes professional and organizational development, recognition, certification, and excellence to improve business service models and outcomes. The list was released on the opening day of its Outsourcing World Summit 2021, held virtually from February 16th to 19th, 2021.
“Choosing the right partners is today more important than ever. Companies that outsource, not only in the traditional sense but also through the wide array of ever-changing collaborative business models, are scrutinizing their providers very closely,” said Debi Hamill, IAOP CEO. “The Global Outsourcing 100 is the definitive guide to help companies research and compare service providers with whom they are considering relationships. It’s our honour to welcome Microland to this league.”
This recognition is a reflection of Microland’s global footprint supporting customers across multiple sectors including BFSI, Retail, Hi-tech, Pharma & Lifesciences. Microland’s integrated IT infrastructure, IIoT and application transformation service capabilities enables customers to truly optimize their digital investments. Microland helps clients reduce capital expense and administrative costs while enhancing performance, security and reliability. Microland has also invested significantly in its proprietary solutions to drive automation across the client digital infrastructure estate.
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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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