Hosur (Tamil Nadu) [India], February 23 (ANI): Manufacturer of two-wheelers and three-wheelers TVS Motor Company on Tuesday announced the appointment of acclaimed motorcycle designer Timothy Prentice as its Vice President for Design.
He brings on board 35 years of enriching experience in motorcycle design, project management and product development.
“Tim’s appointment is expected to further boost TVS Motor Company’s ability to stay ahead of rapid changes in design trends and maintain its competitive edge in future technology,” the company said.
Specialised in advanced design planning, Tim’s experience in designs for high-performance electric vehicles will augment the company’s electric vehicle line-up design to the next level, it said.
Tim is credited with designing iconic motorcycles like Triumph Thunderbird (2009) and Triumph Speed Triple (2011). He also designed Mission Motor’s Mission R (2010) electric motorcycle which won him and his firm multiple accolades, including the prestigious Red Dot and Core 77 Industrial Design Awards.
Tim began his career with Honda R&D where he was responsible for concept design development of motorcycles ATVs and PWCs. He holds a Bachelor of Science degree in the field of industrial technology from California State University. (ANI)
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Inflation target of 2 to 6 pc appropriate for next 5 years: RBI report
Mumbai (Maharashtra) [India], Feb 26 (ANI): The present inflation target of 2 to 6 per cent is appropriate for the next five years to ensure price stability, the Reserve Bank of India (RBI) said on Friday.
“Threshold inflation above which growth is unambiguously impaired ranges between 5 and 6 per cent in India, indicating that an inflation rate of 6 per cent is the appropriate upper tolerance limit for the inflation target,” the RBI said in the report on currency and finance.
A lower bound of above 2 per cent can lead to actual inflation frequently dipping below the tolerance band while a lower bound below 2 per cent will hamper growth, indicating that an inflation rate of 2 per cent is the appropriate lower tolerance bound.
“Hence, the current numerical framework for defining price stability, that is an inflation target of 4 per cent with a plus/minus 2 per cent tolerance band is appropriate for the next five years,” the report said.
This is also consistent with estimates of supply shocks, it said. On the upper tolerance limit, international experience suggests that countries with a large share of food in the CPI basket tend to have higher inflation targets and wider tolerance bands.
Threshold estimates over a longer sample period work out to 6 per cent, beyond which tolerance of inflation can be harmful to growth, the report said.
“Hence, the current tolerance band of plus/minus 2 per cent may be retained, notwithstanding the central tendency emerging from the country experience of lowering targets and narrowing bands over time,” said the report. (ANI)
JTR Astrological Research Institute announces new service “Corporate Astrology”
New Delhi [India], February 26 (ANI/NewsVoir): JTR Astrology Research Institute founded by the Pioneer of Nadi Astrology, Umang Taneja announces new service ie Corporate Astrology. The service is introduced to cater to not just a person but also to companies or new ventures.
This service caters to some specific questions like which type of venture to start, will the venture be successful or will a collaboration be profitable or not, adding to that logical remedial measures are also advised to existing hurdles like financial losses, interdepartmental issues, hiring process. The service also helps in exploring employee’s capability and deftness.
Umang Taneja has been teaching and consulting all across the globe for over two decades. He is also actively taking part in various symposiums and conferences in India. As on today he has students in five continents and in nearly all small and big countries of the world.
He has also participated in numerous TV programs in various TV channels. Since Umang Taneja travels the world to teach Astrology, he has been recognised as an ‘Educator’ in Parliament of Canada, Legislative Assembly of Alberta and by the Spanish newspaper as well. He heads a group of Astrologers for the research and development of the science of Nadi Astrology further for the benefit of mankind.
Taneja further added uses of astrology in today’s time and how Nadi Astrology is different from other forms of Astrology.
Astrology Use in Today’s Time
* Astrology is a guiding tool in tough times. Hence, helps in accepting and preparing for any bad phases of life
* Astrology helps in understanding a person’s nature, therefore it plays a major role in choosing a life partner
* A financially stable or flourishing period of a person can be optimized if known in advance
* Helps in diagnosing the future health problems
* Astrology helps in understanding one’s expertise and aptitude which can be used as a guiding tool for choosing an appropriate career
Nadi Astrology Vs Other Astrology
* Nadi Astrology Specifically focuses on predicting one’s future
* Nadi Astrology doesn’t create fear of superstitious practices or create fright in the name of myths like Mangaleek, kal sarp yog etc.
* Nadi Astrology is backed by set of scientific rules, principles and formulations to extract out one’s future
* Nadi Astrology strictly believes in “karma”, which indirectly states that no remedy in the world can change your future, one can only be ready for what is going to happen
* Nadi astrology evolves with time just like science
Astrology in India becomes the last resort for all troubles that one might face. It is when people get into unavoidable or unsolvable difficulties that they seek help from a spiritual guru, or an astrologer or a pandit. It is because he is in need of a Godfather which solves his problem. All because of his helplessness. Experience has shown many times such people are cheated in the name of spiritual astrology practices. When one comes out of the phase of life then he realises what he has gone through.
There are quite a few branches of Hindu Astrology wherein Nadi Astrology is predictive astrology. It is the only system of astrology which covers all the events of life in an exhaustive manner. Like all sciences Nadi Astrology has crystal clear formulations of all events of life. Nadi Astrology emphasis on karma. It emphasizes that positive Karma and hard work is the key to success and it proves it too. Merely, pooja, going to pilgrimages and faith cannot give results although pooja, going to temples etc. gives positive attitude.
There is a book, Accurate Predictive Methodology authored by Umang Taneja which carries formulations of all events of life, method and illustrations to use it. Umang Taneja takes up illustrations and live examples provided by students in class to make them understand the application of science of Nadi Astrology. In addition to Accurate Predictive Methodology, he has authored 5 more unique books in Astrology. Accurate Predictive Methodology is available in Hindi, English and Spanish languages.
The institute was founded by Umang Taneja in the year 1998. The institute affiliates itself with its students spread across all five continents of the world. The institute prides itself on producing students who practice astrology without pushing their clients into unrealistic terms which have been used by many astrologers, pandits etc to earn money with unethical terms. The pure focus of the institute is to enlighten people about the true face of astrology and the predicting ways which focus on major events life wiz. Travel, health, education, property and vehicle purchase, marriage, litigation, profession, finances, childbirth, love.
Instagram – instagram.com/taneja_umang?igshid=10dptb5v30pl8
President and Founder of JTR Astrological Research Institute.
Umang Taneja is the President and founder of JTR Astrological Research Institute, New Delhi. He is the one who has introduced Nadi Astrology to the world. He started teaching Nadi Astrology in 1998 and continues to teach and spread the concept all over the world. Through his thorough research and vast experience in the field of Nadi astrology, in 1999 he came up with book on the subject “Accurate Predictive Methdology”. Infact, he was the only one to come up with an authentic book on Nadi Astrology which was not available and never written by anyone.
Umang Taneja has authored multiple books on Astrology. Accurate Predictive Methdology is the unique book in Astrology which covers all the events of life in an exhaustive manner. His second book “The Text Book of Astrology” covers all basic information of Astrology whereas there are two exclusive books of Profession and Marriage. There is another branch of Astrology called Prasna which deals with answer of a specific question without erecting birth horoscope.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
Sensex nosedives 1,939 points amid weak global cues and rising bond yields
Mumbai (Maharashtra) [India], Feb 26 (ANI): A broad-based sell-off in equities and weak global cues amid rising bond yields played a Black Friday for Indian stock markets.
The BSE S&P Sensex closed 1,939 points or 3.8 per cent lower at 49,100 while the Nifty 50 tumbled by 568 points or 3.76 per cent to 14,529.
The global selloff was triggered by an overnight sharp rise in US 10-year treasury yields. When bond yields rise, equity markets generally underperform.
Rising oil prices and the US airstrikes on Syria led to the negative sentiments of investors who feared foreign outflows and reversal of interest rate cycle.
All sectoral indices at the National Stock Exchange were in the red with Nifty private bank crashing by 4.8 per cent, PSU bank by 3.9 per cent and financial service by 5 per cent.
Among stocks, energy major ONGC slipped by 6.6 per cent to Rs 111.15 per share while GAIL was down by 6.5 per cent to Rs 141.20.
Axis Bank ticked lower by 5.9 per cent and Kotak Mahindra Bank by 5.8 per cent. JSW Steel, Hero MotoCorp, Power Grid Corporation, Bajaj Finserv and Mahindra & Mahindra posted losses of over 6 per cent each.
Meanwhile, Asian stocks skidded to one-month lows as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.
Japan’s Nikkei shed 3.99 per cent to a three-week low. Hong Kong’s Hang Seng dipped by 3.64 per cent and South Korea’s Kospi cracked by 2.8 per cent. The Shanghai composite index was down by 2.12 per cent. (ANI)
Max Life Insurance achieves claims paid ratio of 99.22 percent during FY 2019-20
New Delhi [India], February 26 (ANI/Mediawire): Max Life Insurance Company Ltd, in line with its continued promise of trust to its customers, announced that it has paid off 15,342 claims received in FY 2019-20, thereby settling Rs 562.54 crores worth of individual claims received in FY 2019-20.
The Company has achieved high claims paid ratio of 99.22 per cent – in comparison with the company’s last five-year performance.
With consistent investment in fraud detection and mitigation at the issuance stage through robust predictive analytical based underwriting models, Max Life has demonstrated steady improvement of 226 bps in claims paid ratio over the last five years from 96.95 per cent in FY 2015-16 to its current figure of 99.22 per cent in FY 19-20.
During FY 2019-20, out of total death claims received, only 120 were rejected and 1 case was pending for closure at the end of the financial year. The company’s repudiation ratio has fallen to 0.78 per cent at the back of best-in-class digital forensic controls.
Since its inception till March 2020, Max Life has paid Rs 3801 crores towards 128,288 policies for individual death claims.
“Over the years, we have remained steadfast in our commitment towards our customers by working towards improving our claims paid ratio – the ultimate moment of truth that defines a life insurer’s relationship with its customers. Our consistent performance in achieving 99.22 per cent claims paid ratio in FY 19-20 bears testament to the devotion we have towards our customers. We are committed to further enhancing our investments in the areas of improved underwriting capabilities, technological interventions, and an overall robust claims ecosystem to ensure that we scale newer heights when it comes to settling claims in a timely and efficient manner,” said Manu Lavanya, Director and Chief Operations Officer, Max Life, commenting on the accomplishment.
Given the disruption caused by the COVID-19 pandemic, Max Life has digitized its claims management process to ensure that all support documents are accepted online, and customers can submit claims on time through WhatsApp, email or by using self-service options – website, digital bots, and AI-driven interactive voice response.
Max Life Insurance Co. Ltd. (“Max Life”) is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is a part of the Max group, an Indian multi business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance group.
Max Life offers comprehensive protection and long-Term savings life insurance solutions, through its multichannel distribution including agency and third distribution partners. Max Life has built its operations over almost two decades through need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.
As per public disclosures, during the financial year 2019-20, Max Life achieved gross written premium of Rs 16,184 crore. As on 31st March 2020, the Company had Rs 68,471 crore of assets under management (AUM) and a Sum Assured in Force of Rs 913,660 crore.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
Invesco Mutual Fund unveils Invesco India ESG Equity Fund
Mumbai (Maharashtra) [India] February 26 (ANI/PNN): Invesco Mutual Fund announces the launch of its new fund Invesco India ESG Equity Fund, (an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme).
The fund aims to generate capital appreciation by investing 80 per cent – 100 per cent of the net assets in equity and equity instruments of companies, which are selected based on Environmental, Social and Governance (ESG) criteria, as defined by our proprietary investment framework. The fund will adopt a bottom-up approach to select stocks.
While the fund will invest the majority of its assets in large cap companies; it will also offer limited exposure of up to 35 per cent to mid and small cap companies1. The fund is benchmarked to the NIFTY 100 Enhanced ESG Index and will be managed by Taher Badshah, who has over 26 years of experience and Amit Nigam, who has over 20 years of experience in the Indian equity markets.
Note – 1The above strategy is based on current views and is subject to change from time to time.
In today’s socially conscious society, we expect companies to care about environment, society and have high standards of governance. And as consumers, we exercise our voice through the products and services we consume.
Investors globally consider ESG factors to evaluate where the company has risks because of environment, social and governance issues. For companies today, the risks which originate from environment, social and governance issues are real.
Disregarding ESG values can have a serious impact on the company’s operations, profits, and shareholder value. From an investment point of view, it is important to evaluate where the company faces the risk on account of ESG parameters, as ignoring these risks can have far-reaching consequences.
“As a firm, we have been demonstrating our commitment globally to responsible investing by actively encouraging ESG inclusive practices across every area of business. Globally, there is a big difference between being ESG “Aware” and ESG “Inclusive”. Our ESG inclusive practices are at the core of our equity investment process, which differentiates us,” said Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund said, speaking at the launch.
“It is important to analyze a company through the ESG lens. Governments and society are penalizing irresponsible companies. On the other hand, companies with strong ESG proposition are creating value through increased top-line growth, lower costs of production, better financing terms, government support & subsidies, motivated employees and enhanced returns on capital invested, which in turn help investors in long term wealth creation.”
“First time investors can embark on their investment journey with this new fund and embrace responsible investing from day one”
Invesco and ESG1
– 32 years journey of sustainable investing
– Managing USD 34.5 bn across 44 ESG funds and segregated mandates globally (managed by our global firm)
– Signatories to the UN sponsored Principles for Responsible Investment (PRI)
– Lead Investor in Climate Action 100 plus
– ESG advocacy through industry associations and participation in policy efforts
1 The details referred above are of our global firm. Source: Invesco; Data as on 31 December 2020.
The minimum investment amount during the NFO is Rs 1000/- and in multiples of Rs 1/- thereafter. For SIP investments, the minimum application amount is Rs 500/- and in multiples of Rs 1 thereafter.
No exit load will be charged, if upto 10 percent of the units are redeemed/ switched out within 1 year from the date of allotment. If more than 10 percent of the units are redeemed/switched out within 1 year from the date of allotment, exit load of 1 percent will be charged. No exit load will be charged for units redeemed/switched after 1 year from the date of allotment.
The New Fund Offer (NFO) is open for subscription from February 26, 2021, and will close on March 12, 2021.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
DJ Sanghvi College of Engineering achieving excellence since 1994
Mumbai (Maharashtra) [India], February 26 (ANI/Mediawire): SVKM’s Dwarkadas J Sanghvi College of Engineering, affiliated to the University of Mumbai, was born in the year 1994.
The college is accredited by the National Assessment and Accreditation Council (NAAC) with a CGPA of 3.18 out of 4, i.e., with an “A” Grade for a period of 5 years w.e.f. 18th October 2019. All the eight undergraduate programs run by the institute are also accredited by the National Board of Accreditation (NBA) in two consecutive cycles and is currently effective till June 2023.
The University Grants Commission (UGC) has granted Autonomous status to the institute from the AY 2019-20 onwards for a period of 10 years, i.e., till the AY 2028-29. DJSCE offers Undergraduate programs (B.Tech.) in the fields of Chemical Engineering, Production Engineering, Bio-medical Engineering, Electronics Engineering, Electronics & Telecommunication Engineering, Information Technology, Computer Engineering, Mechanical Engineering and Computer Science and Engineering (Data Science).
It also runs 3 Post-graduate programs (MTech) in the fields of Electronics & Telecommunication Engineering, Computer Engineering, Mechanical Engineering and 3 PhD programs in the fields of Mechanical Engineering, Electronics & Telecommunication Engineering and Computer Engineering.
A vibrant academic atmosphere and the ever-innovative teaching-learning process coupled with the excellent infrastructure available in the college have been playing a key role in achieving excellence in many ways over the years.
The management provides additional funds on a regular basis for various infrastructure developments, such as purchase of latest machines and equipments in the laboratories as well as smartboards and other IT enabled support in all the classrooms for a better teaching and learning experience for the students and faculty members.
In view of the online teaching learning mode adopted by the institution, during the COVID-19 period, various platforms like MS Teams, Zoom and additional electronic gadgets are provided by management for the comfort of the teachers. Laptops and desktops are also provided to staff members, resulting in efficient teaching learning process.
There is a total of 41 full time faculty members with PhD degree in the institute. There are also a total of 45 staff members, currently pursuing their PhD from different institutions in India. The faculty members are encouraged to publish high quality research papers and during the current academic year they have published 112 research papers in various International Journals & 96 research papers in various International Conferences, so far.
There is a major thrust given on patent publications and project-based learning and research. Faculty members have filed a total 16 patents in the year A.Y. 2019-20 and have secured 5 patents, till date.
Excellent Campus placement in top-flight companies, such as Morgan Stanley, JP Morgan, Amazon, Google, Philips, Microsoft, IBM, Ernst & Young, Amdocs, Blue Star Ltd, Zycus Infotech, ZS Associates, Jacobs Engineering, PWC, GE, Bosch, Aker Power Gas (P) Ltd., Technip, Udhe, Mahindra & Mahindra, Siemens, Godrej, etc. is the hall-mark of our placement achievements. More than 100 companies visited the college for placement during the A.Y. 2019-20. 100 per cent of the needy students are placed through the placement cell, often with multiple offers.
Many International conferences have been successfully organised by the institute during the last 2-3 years, for which, financial assistance have been provided by the management of the college as well as AICTE etc. Various industrial visits, seminars and workshops are organised by 11 Student’s Chapters in the college with the funding given by the college. Various Student teams like DJS Kronos, DJS Racing, DJS Speedsters, DJS Skylark, DJS Arya and DJS Antariksh etc., participate and regularly secure top ranks in many prestigious international competitions held in USA, Germany and Hungary etc. every year. These teams have their own sponsors, but students majorly rely on the funds, which the management provides them every year for these activities.
For more information, please visit our website: www.djsce.ac.in
This story is provided by Mediawire. ANI will not be responsible in any way for the content of this article. (ANI/Mediawire)
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