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For Viji, a homemaker from Hosur, Tamil Nadu, the expenses of managing a six-member family on a single income was always a cause for worry. With three growing children making ends meet was a struggle.
Viji always sought opportunities to improve her family’s income. The Assistant Beauty Therapist course at the local Prabhat Livelihood Centre offered her the perfect opportunity to enhance her livelihood.
After completing her training at the centre, Viji set up shop at home. She offered basic beauty services, bringing in a few thousand rupees. Finally, her family began to see merit in her work and helped her apply for a loan to start a beauty parlour.
With several regular clients at her parlour, Viji’s business is running well. Their family income has tripled now.
Today, Viji has a team of six students at the parlour who help her manage the clients while she trains them. Viji aims to expand her parlour and offer advanced services to clients.
Project Prabhat, the *USLP-linked community development initiative of Hindustan Unilever Limited (HUL), aims to build sustainable and inclusive communities around HUL sites. In the last five years, through focussed efforts on enhancing livelihood, water conservation and health & well-being, it has touched 2.95 million lives across 30+ locations and has over 5000 HUL employee volunteers involved in it.
The Unilever Sustainable Living Plan (USLP) is our blueprint for achieving our vision to grow our business, whilst decoupling our environmental footprint from our growth and increasing our positive social impact. The Plan sets stretching targets, including how we source raw materials and how consumers use our brands. The plan has three big goals:
[Courtesy: https://www.hul.co.in/news/news-and-features/2019/project-prabhat-empowering-communities.html]
Aims to improve the quality of the real estate market in India
Mumbai, 29thMay, 2019: IndiaMLS, a company whose mission statement is to create the largest and most accurate database of property listings in India, has brought the greatest invention in real estate to India. The company does not take credit for inventing the MLS (Multiple Listing Service) of course, but it has brought and customized the MLS for the Indian market.
An MLS is the single most important real estate tool in western countries such as the US, and absolutely the need of the hour for the real estate industry here. The Indian real estate market is so fragmented, unstructured, and mired with junk data that visitors on real estate websites often call on property listings only to learn those listings are not even available. This happens because the source of the property is not verified, thus their data also cannot be verified for accuracy.
Founded by Jay Patel, who has 20+ years of real estate experience, IndiaMLS is a membership-based, professional software solution for brokers and builders. Due to its structure as a B2B company, not only does the MLS contain the most accurate sale or rental listings, but it also includes buyers’ requirements, creating a large database of buyers and sellers on one platform, similar to an exchange like the Bombay Stock Exchange. This allows sellers to quickly find buyers for their sale properties, making it the most effective marketing tool for the industry, unlike any other realty portal in India.
Considering the current scenario of the realty sector and property portals in this country, Jay Patel said, “Most real estate portals in India have so much junk data because they operate with a ‘Pay-Per-Listing’ structure which essentially means people can advertise whatever they want as long as they are paying for it, since there is no verification of data after it has been entered.”
Patel further went on to explain that besides having garbage data, the Pay-Per-Listing concept used by portals cannot be sustained over the long term, because eventually, brokers will realize their sale inventory is even more valuable for the property portals than it is for the brokers. “If the real estate portals did not have the listings which brokers provide them, what revenue or value would portals have? Zero! That’s why portals should NOT be charging brokers for their listings. In fact, since they really need the listings, the portals should actually be paying brokers for their valuable data.”
IndiaMLS aims to change the quality of the real estate market in this country through the implementation of a national MLS system. Key company USPs include:
On his efforts for making his vision a reality and creating IndiaMLS, Jay Patel said “After having undergone more than two years of real user testing and feedback from more than 10,000 Indian brokers, our MLS product is perfected for this market. It's very important to recognize that IndiaMLS is not just another tech company. We are completely different from traditional real estate portals, and we are positioned to shake up this industry as we introduce the greatest real estate tech invention to India.”
About IndiaMLS:
IndiaMLS Software Pvt Ltd., founded in 2017 by Jay Patel, is designed to aggregate the largest and most accurate database of property listings in India using a software solution called an MLS. The IndiaMLS database includes both residential and commercial properties (sale and rental) as well as the buyers’ requirements, making it the only true property exchange in the country. The MLS is a B2B solution used by real estate brokers and builders, but consumers also benefit greatly from the quality of the data compared to other real estate portals in the market.
About Jay Patel:
Jay Patel is a veteran of the real estate industry from the US having more than 20 years of experience in multiple facets of real estate including land development, property rehabs, and sales and brokerage. Jay also holds a Managing Broker license in the state of Illinois (USA), and has a vast level of experience in real estate technology. He and his team have brought the MLS concept to India and fully customized it for this country in an effort to help improve the industry and the quality of the data available for brokers, builders, and consumers.
(Image Courtesy: https://www.indiamls.com/)
Housing finance firm DHFL will issue bonds today to raise up to Rs 12,000 crore, largely for onward-lending to push growth.
It is targeting 30% growth in loan disbursements in the current financial year.
DHFL had disbursed Rs 44,800 crore in the last financial year ended March 31.
In its bonds issue opening tomorrow, the company will offer up to 12 crore secured redeemable non-convertible debentures (NCDs) for Rs 3,000 crore with a green shoe option of up to Rs 9,000 crore.
The issue is scheduled to close on June 4, with an option of early closure or extension as decided by the board of directors of the company or the NCD public issue committee, the company said at a conference here.
The allotment of bonds will be on first-come, first served basis, will come up in six series in a tenure ranging from 3, 5, 7, 10 years offering coupon rate of 8.56-9.10 per cent.
To senior citizens, the company will offer an additional 0.10 per cent benefit on coupon rate, said Bharat Pareek, Head-Treasury, DHFL.
He said the company is very well capitalised, growing at a very consistent pace and been able to maintain is non-performing assets (NPAs) below 1 per cent due to strong collection network.
"The launch of DHFL's third public issue of NCDs at this critical phase of growth is set to provide a strong thrust to the company's growth plans as we progress towards the next phase of high growth. It also allows us to diversify our borrowing portfolio," said Pradeep Bhadauria, Business Head - Retail Liability.
In this bond issue, the company has also introduced a floater rate benchmarked to Overnight MIBOR.
Investors in MIBOR (Mumbai Interbank Offered Rate) linked NCDs will receive interest based on overnight MIBOR rate compounded daily and payable annually.
"We are also offering an attractive interest rate of up to 9.10 per cent per annum, one-time additional incentive of up to 1 per cent to initial subscribers on maturity and an additional interest of 0.10 per cent per annum for senior citizens," Bhadauria said.
The minimum application amount is Rs 10,000 collectively across all options on NCDs and in multiples of one NCD after the minimum application.
[Courtesy: https://realty.economictimes.indiatimes.com]
TCS Recognized for the Creation and Commercialization of Intellectual Property and for Boosting Creativity and Innovation in India
NEW DELHI | MUMBAI, April 26, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, has won the prestigious National Intellectual Property Award 2019 in the category ‘Top Public Limited Company/ Private Limited Company for Patents & Commercialization in India’ and the World Intellectual Property Organization’s (WIPO’s) IP Enterprise Trophy.
The Indian Intellectual Property Office confers the National Intellectual Property Awards to recognize individuals and enterprises for their creation and commercialization of intellectual property (IP), contributing to the country’s intellectual capital and creating an IP ecosystem that boosts creativity and innovation.
TCS has always been at the forefront of innovation with its deep market insights and contextual knowledge aimed at helping customers in their growth and transformation journeys. It has built a strong patent portfolio that forms the essential backbone to create best in class software across many industries. TCS has registered 844 trademarks, filed 4,596 patents and has been granted 946 patents till date.
“We have harmonized our IP focus with our Business 4.0™ vision by developing the IP 4.0 framework encompassing Creation, Protection, Assetization, and Commercialization of TCS IP with a program to responsively deliver the output and outcome with long term sustenance and structured governance,” said Dr Santosh Mohanty, Head, Components Engineering Group, TCS. “This recognition from the Indian IP Office and WIPO will encourage innovators within TCS to redouble their efforts and excel further.”
Ramesh Abhishek, Hon’ble Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Govt. of India, presented both the awards to TCS at a function organized by the Indian Intellectual Property Office and Confederation of Indian Industry on the occasion of World IP Day on April 26, 2019 in New Delhi.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 424,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
Image courtesy:( https://asia.nikkei.com/)
Sanjiv Mehta, Chairman & Managing Director, Hindustan Unilever Limited (HUL) received the ‘Business Leader of the Year’ award at the AIMA Awards 2019. He was recognised for ‘his pioneering vision that has enabled the company to successfully extend leadership in the FMCG space.’ Former President of India, Mr. Pranab Mukherjee presented the award to Sanjiv.
On receiving the award, Sanjiv said, “I can say that people, family and purpose have played an important role in my journey as a leader. I have always believed that a leader is as strong as his people. The leader’s job is to show the mirror to the people; guide them to take the right decisions; and in trying times, stand by them.”
The All India Management Association (AIMA) is committed to enhancing the competence of the management profession through its multifaceted activities. Every year, to recognise excellence in Management, Entrepreneurship and Leadership, AIMA confers awards to recognise achievers who have made a fundamental difference, creating an edge above peers for others to emulate.
Mumbai, April 24: Replicating the success of online shopping, brick and mortar malls too are getting redefined as they adopt for social currency of target customers over space currency of the malls, according to experts at India Shopping Centre Forum 2019, here Wednesday.
“Mall are not dying. They are going through a dynamic and exciting transformation as we measure our customers sentiment and happiness with our properties with 2.5 million Facebook follower and 5 million visitors to our website,” said Timothy Earnest, Group Director and CEO, Al Futtaim Malls, which is looking at mall business outside UAE.
Footfall, dwell time, convenience and social media engagement, special moments are significant for social engagement with customers to drive revenue beyond space leasing, Earnest said.
Speaking at the panel discussion, Pushpa Bector, Executive Vice-President & Head, DLF Shopping Malls said, “We have an app called look-out platform that reaches to 1 million customers and quantify their experience about malls on social platforms. Each property tells us a different story based on our conclusions from date mining based on data collection of customer moments in the mall.”
Earlier, sharing his trends and insights on India’s retail real estate, Ashutosh Limaye, Director and Head, Anarock Consulting Services, said, “Data gathered in malls is also a ‘revenue’ and perhaps will prove to be more valuable than rents and revenue share as predictive and prescriptive analytics of data is driving profitability with their applications based on consumer behavior, store performance etc.”
India will add 20 million square feet of Grade A mall space over the next 3 years to its 100 million square feet space spread over 250 malls. Vacancy is at malls stood at 8% with 50 malls shutting down or getting re-positioned as mix-use centers, Limaye said.
Retail malls accounted for 14% of the US $14 billion of private equity funds that India’s real estate sector attracted over past four years. Half of the 14% funds invested in retail malls were in non-metro cities like Ahmedabad, Amritsar, Bhubaneshwar, Chandigarh, Indore, he said.
[Image Cortesy: https://www.indiashoppingcentreforum.com/]
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