Thomas Cook, Appointed Pravir Vohra Independent Director, as Non-executive Chairman of Sterling

M/s. Sterling Holiday Resorts Limited (“Sterling”), a material unlisted subsidiary of the Company, has informed us on even date that pursuant to approval of its Board of directors at its meeting held today, it has appointed its director, Mr. Pravir Vohra, Independent Director, as Non-executive Chairman of Sterling

Choice Insurance Broking Named Intermediary for Karnataka’s 2023-24 Livestock Insurance Scheme

  • The contract value for this significant initiative stands at Rs. 17 Crores

International Limited’s subsidiary, Choice Insurance Broking, has been appointed as the intermediary for the Centrally Sponsored Livestock Insurance Scheme in Karnataka for the fiscal year 2023-24. The agreement formalizing this collaboration was signed between the Karnataka Livestock Development Agency and IFFCO Tokio General Insurance Company Limited.

Choice Insurance Broking will extend its services across all 31 districts in Karnataka, providing essential coverage for the livelihoods and assets of approximately 150,000 livestock owners in the state. This comprehensive scheme underscores Choice Group’s commitment to enhancing insurance access and safeguarding the financial interests of rural India. The partnership with the Karnataka Livestock Development Agency serves as a testament to their dedication to promoting financial inclusion in the country.

IndusInd Bank partners with Viamericas for enhanced Indus Fast Remit platform

  • The collaboration allows seamless inward remittance services from USA to India for NRIs residing in USA, where Viamericas Corporation is a licensed Money Services Business (MSB)
  • Digital inward remittance services will be offered on Bank’s IFR platform through Viamericas under the Rupee Drawing Arrangement (RDA) scheme of RBI
  • The collaboration will offer NRIs to transfer money to their beneficiaries in India, through the trusted Indus Fast Remit platform

IndusInd Bank has partnered with Viamericas Corporation to provide digital inward remittance services to Non-Resident Indians (NRIs) in the USA through its Indus Fast Remit platform. This strategic collaboration will allow NRIs to enjoy competitive exchange rates for digital inward remittances to India.

NRIs can book remittance transactions through auto-debit payment mode (Automated Clearing House – ACH) and transfer funds through their overseas bank account. Viamericas Corporation will credit the beneficiary account in India using the RDA scheme of RBI through its existing IndusInd Bank Vostro relationship.

With complete transparency, customers can track the status of payment requests, the exact INR amount to be received by the beneficiary, and the expected time for the delivery of funds. Furthermore, existing IndusInd Bank customers can initiate payment requests using a single sign-on facility through the Bank’s Internet banking platform, eliminating the need to visit bank branches or go through the hassle of paperwork.

Gensol Engineering Limited wins ₹301.5-Cr. solar PV project from MAHAGENCO

Gensol Engineering Limited has successfully secured a bid for the design, engineering, installation, testing, and commissioning of a cutting-edge 62 MWAC Crystalline Solar PV Technology Grid Interactive Solar PV Power Plant. This solar power facility will be situated in Village Paras, Taluka Balapur, District Akola in Maharashtra and is a testament to Gensol’s expertise and unwavering commitment to renewable energy, as recognized by Maharashtra State Power Generation Co. Ltd. (MAHAGENCO), headquartered in Mumbai.

It is worth noting that MAHAGENCO’s vision for the establishment of a solar power facility in Maharashtra is in line with the “Flexibility in Generation of Thermal Power station through Bundling with Renewable Energy” policy introduced by the Ministry of New and Renewable Energy in April 2022.

Marico Update Saffola emerges as India’s Number 1 Oats Brand 43% share of the market

  •  Innovation in Taste and Flavour Proves to be a Winning Formula for the Indian Consumer 

In a remarkable achievement, Saffola Oats, one of the leading brands of Marico Limited, has emerged as the Number 1 Oats* brand in India, according to Kantar Household Panel Data. Since its inception in 2011, the brand has crafted a legacy of trust, consumer understanding and innovation to meet the diverse taste preferences of the Indian consumer and offer “better for you” food products.

Saffola Oats has risen to prominence, experiencing remarkable growth within the category while seamlessly becoming a staple in the daily breakfast choices of consumers. The brand has witnessed an astonishing tenfold increase in offtake volumes since inception. According to the Kantar Household Panel Data, Saffola Oats now commands an impressive 43% share of the market in value terms, surpassing all competitors. The data also underscores that 1 out of every 11 households in the country actively includes oats into their daily consumption.

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