I Am Bhojpuriya

Category: C

  • Styched Fashion, Indian youth fashion brand, launches operations in UAE

    Abu Dhabi [UAE], May 20: Indian youth fashion brand, Styched, recently launched in the UAE. The affordable fashion brand, which boasts of a unique Zero wastage and Zero inventory model, aims to be the one-stop value fashion shopping destination for online shoppers in the Middle East. Sensedynamic Fashions, the company that owns the brand Styched, have set up manufacturing units, warehouse and shipping hubs in Sharjah / Dubai, and plans to expand its vendor network of fabric manufacturers, tailors and apparel designers across UAE. The company, operating through their website https://www.styched.ae in UAE, will cater to customers across the Middle East and North Africa.

    Styched launched in India in Feb 2019 with their website https://www.styched.in and Styched App has grown multi-folds in the last couple of years. From Tshirts and Joggers, the company now has more than 25 categories ranging from Topwear, Bottomwear, Athleisure, Footwear and Ethnic to name a few. Headquartered in Bangalore, the company has scaled up to an 8 million USD valuation with 2 rounds of funding to date. With a vision to become the number one affordable youth fashion brand globally, Styched looks to further expand its footprints in the coming years.

    “We have shown 5X growth in the last few months, post lockdown, and felt that this is the right time to go aggressive on our growth plans. Despite the pandemic and the stop-start mode of operations, we have been able to achieve our planned revenue targets. We are looking forward to being operationally profitable by December 2021 in India. We view UAE as a high potential market for fashion eCommerce and we bring capabilities to cater to the modern youth with unlimited affordable designs.”, one of the senior members at Styched said. Styched will be available only through their website and app in UAE, like Styched India. They plan to launch the app for UAE by June end. The website is live and taking orders.

     

    Ecommerce in UAE is projected to be at 27B USD by 2022, with 10% of that number owned by Fashion. Fashion eCommerce is expected to show an annual growth rate (CAGR 2021-2025) of 11.86%. The highly untapped market in UAE along with the predominance of ex-pats among fashion eCommerce shoppers, make it a lucrative destination for affordable brands like Styched.

  • ‘Youthphoriya’ Organizes International Collective Meditation Program for World Meditation Day 2021

    Bengaluru (Karnataka [India], May 19: With the world going through unprecedented suffering and pain in these trying times, Youthphoriya, a health and wellness center based in Bangalore has put together an initiative to raise awareness on meditation this World Meditation Day.

    The event, an international collective meditation program, aims to bring together people from all walks of life to heighten the consciousness and awareness of our generation.

    The event will be digitally conducted on the 21st of May, 2021, in association with Radio City as its exclusive FM partner, and Bell Consultancy Services as its Business & PR Partner.

    This collective meditation program will be completely free of cost for all interested participants.

    The organizer, Youthphoriya is a holistic, self-directed, and empowering center that uses a mix of science and spirituality to cultivate an inclusive environment where everybody can feel accepted. The organization helps everyone who is a part of it learn yoga, meditation, and mindfulness, thus enhancing their self-esteem. This process is a gradual one, where one understands their true potential.

    Dr. Vani B Rao, who spearheads Youthphoriya as its founder is an enthusiastic philanthropist, spirited wellness coach, and a successful entrepreneur. Over the years, Dr. Rao has committed herself to bring a positive change to society, especially with regards to health and wellness. Her goal is to encourage change amongst the new generation of youth, which in turn would promote inner transformation and wellness.

    Speaking on the upcoming collective meditation program, Dr. Vani Rao says “At Youthphoriya, we believe in combining mental, physical, and spiritual self-care practices to advance a culture of well-being within ourselves. This World Meditation day, we aim to reach out to people around the world to inspire and promote personal transformation through our platform and global reach.”

    She further states “Meditation and core engagement possess the power to alter our state of mind, which in turn changes the consciousness pattern outside of ourselves in all of nature. Through this state of consciousness, we have the opportunity to create a social matrix of peace that can ultimately heal Mother Earth.”

    This online collective meditation program is significant to this year’s World Meditation Day and will see the participation of multiple brands and organizations, which include: Lions Club International B’lore, IBN MSME, HLP World, Ladders, Blucap Interiors, Axis Bank, Yoga Kulam, Radio City, Indian Women’s Club, Additive MEA, Optiwise, St. Antony’s Public School, My Kids Diary, Dikanz, Bell Consultancy Services, Anvita Charitable Trust, Wheels United for A Cause, Vision Karnataka Foundation, Teamroll, NHRD India, AceDigital, Infopace, Sumangali Seva Ashram, MINDIA – Mind of India, Kreatix Media, ALL Ladies League, Swaayambhu, Corporate Social Focus, FOWE – Forum of Women Entrepreneurs, ITF – Industry & Trade Forum, Hoopsters, Samarpana, Bhoopalam Botanicals, Avani Green Factory, Help India, Prashant Welling, Vidyaranya, FUEL – Friends Union for Energising Lives, Filmfeast Creators and Good Arth among others.

    The event will prove to be an unforgettable experience to bring participants closer together, closer to nature, and the universe. It will include heartwarming meditation stories, light stretching and will also educate participants on where the blockages in the mind come from and how to eliminate them.

    Towards the end, participants can also expect answers to questions about how to use meditation for a life of happiness.

    This program is open to all interested participants across the globe and will be absolutely free of charge.

    If you wish to be part of the event, please follow the link below for further information, and to register for the event: linktr.ee/collectivemeditations

    You may also contact +91 94833 16344 for any registration/event-related queries.

  • Jaipur’s Dr. Deepesh Goyal offers Affordable & Superior Hair Transplant and Cosmetic Procedures to Medical Tourists

    Jaipur (Rajasthan) [India], May 17: The urge to look good, young, and presentable has led to increasing demands for cosmetic procedures across the world. Moreover, people are willing to travel to other countries looking out for experienced and qualified cosmetic and plastic surgeons who can do a quality cosmetic procedure at affordable prices.

    Dr. Deepesh Goyal, Founder and Head of Rejuvena Cosmetics, Jaipur states, ‘Over the years, my patients have traveled to Jaipur from abroad and various parts of India to get their cosmetic treatments done. We at Rejuvena, offer them world-class cosmetic treatment along with distinctive hospitality and care. We ensure that the patient is well attended to at all times.’

    He further states that most of the patients come for hair transplant in Jaipur and cosmetic treatments such as plastic surgery, laser hair removal, gynecomastia, rhinoplasty, liposuction, skin rejuvenation, and breast implants to mention the popular ones.

    These days, the cosmetic surgeon and patients can seek their initial consultations, share images, medical reports through email and video calling facility.  It is only when the patient confirms to go ahead with the treatment, the doctor’s customer support team swings into action to make necessary arrangements on request such as tickets, hotel accommodation, the appointment for the procedure, and so on.

    Dr. Deepesh Goyal, is a board-certified, highly experienced plastic and cosmetic surgeon with more than seven years of hands-on experience. He has performed more than 1000 cosmetic surgeries. His patients are extremely satisfied with the outcomes of his cosmetic procedures, share their treatment experience at Rejuvena and speak very highly of the doctor.  Moreover, they are happy with the hair transplant cost in Jaipur is far lower than that of the world and perfectly fits their budget.

    Upon the arrival of the patients, Rejuvena assigns a dedicated concierge to them who ensures the patients are well taken care of and guided during their entire stay in Jaipur. Their accommodation reservations are done as per their request and budget.

    Moreover, there is an eclectic mix of luxury hotels, economy, and budget-priced accommodation options which make staying for longer durations very much feasible and affordable too. Hence, most tourists prefer to spend their days recuperating and relaxing after a hair transplant in Jaipur.

    Jaipur is also known as the Pink City is synonymous with architectural splendor, heritage sites, and picturesque locations. It is a vibrant city imbibed with lots of cultural activities and places to explore. In fact, tourists can seek a mix of rich Indian traditional atmosphere and modern amenities too.

    Jaipur is best visited all-round the year except for the peak summer months of March, April, and May while the winters in Jaipur are pleasantly warm and cold. It comes as no surprise that foreign tourists flock to Jaipur during the latter part of the year.

    Medical tourists yearning for affordable hair transplant procedures or any other cosmetic procedures such as rhinoplasty, tummy tuck or breast implants or skin rejuvenation treatment can connect with Dr. DeepeshGoyal at Rejuvena Cosmo Care.

    Dr. Deepesh is available at drdeegee2k@gmail.com and can be contacted at – 08955445566

  • Drugs Manufacturer from Hyderabad on overdrive

    Optimus Pharma gets DCGI nod for conducting Phase III Clinical Trials for Molnupiravir on patients with mild and moderate COVID-19 infection

    Hyderabad (Telangana) [India], May 19: Optimus Pharma on Tuesday received DCGI nod for conducting Phase III Clinical Trials for orally administered Molnupiravir capsules on patients with Mild and Moderate Covid-19 symptoms. With a severe shortage of antiviral drugs in the market against the SARS-CoV-2 infection, it is imperative that more drugs with potent antiviral activity against SARS-CoV-2 be introduced.

    Optimus pharma said having internally developed the active pharmaceutical ingredient (API) and the formulations for the product, it had filed for clinical trials with the DCGI. The regulator gave a nod for conducting the trial on mild and moderate patients on May 18 2021.

    As per the clinical trial, protocols approved, a total of 2500 subjects in both mild and moderate COVID-19 will be randomised in the study in a 1:1 ratio to Molnupiravir with standard supportive care or standalone standard supportive care. The treatment duration is a maximum of 05 days and the total study duration will be a maximum for 29 days from randomisation, the release said.

    “Optimus is all geared to immediately begin clinical trials on Molnupiravir on COVID-19 patients in India. The clinical trial will let us know the efficacy of this molecule on COVID-19 patients,” Chairman & Managing Director – Dr. D Srinivas Reddy said.

    In the previous press release, the company stated that Molnupiravir demonstrated highly promising results in reducing viral load to 0.0% in merely 5 days of treatment duration. Based on completed phase 2 part clinical studies, the proposed dosage is 800mg twice daily which significantly reduces viral culture in infected patients not progressing into ARDS.

    Optimus Pharma is one of the largest manufacturers of the highly successful SARS-CoV-2 antiviral drug without compromising on quality as is the case with Favipiravir (sold under the brand – FAVICOVID).  The company aims to do the same with Molnupiravir to cater to the rising demand for Anti-Viral drugs against SARS-CoV-2 in the Indian market.

    With the cooperation of the government and our stakeholders, and a special thanks to the Subject Expert Committee of the CDSCO for their valuable contribution and their recommendations to the project, we hope to deliver the product in India by leveraging our solid distribution strength across the country.

  • Awstro is Taking New Steps to Add New Categories & Development

    Bengaluru (Karnataka) [India], May 18: Awstro is an Indian e-commerce platform, which provides B-to-C services over the website by offering electronic goods, mobile accessories, and other consumer products to our customers. Awstro headquarters in Bangalore, India, is a daily deal platform that started its operations in the year 2016.

    Primarily, the company was focused on establishing the market presence by dealing in electronic items solely with Pan-India shipping. Awstro slowly grew in prominence and was receiving 50,000 orders per year by the end of 2016, they shifted themselves and started commencing in customer goods and electronic accessories to cater to every segment of the society.

    As stated by the founder, they started the website called Awstro.in when they saw how other online e-commerce websites are selling fake and low-quality products at high pricing. Therefore, they felt it was the right time to step into the game to deal with 100% original products for all metropolitan cities.

    During their initial years, they started their merchandising with new products and refurbished & open box-up products to their customers, where the customers could avail of about 30% discount which was a win-win situation for both parties. Additionally, they started offering superb assistance through their organization across the nation. In the span of 4 years, Awstro has assisted over 1 lakh customers per year and has gained popular Awstro reviews in return.

    As per the popular Awstro Reviews, they are very well known in the business, because of the authenticity and high-quality of the products that they are dealing in at such minimal pricing. Moreover, Awstro Reviews each product before enlisting it on their respectable website, to gain the trust of their potential clients and to provide them with a better user experience.

    Under their wings, they have prominent regions like Delhi, Rajasthan, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, and Telangana. Originally starting as an e-commerce platform mainly focusing on electronic appliances and mobile accessories, Awstro began its operations by assisting its customer’s needs related to the same.

    Subsequently, realizing that the need for consumer goods, apparel, and households is much more pivotal and imperative, they set their foot in the customer market. Later on, their operations shifted from selling to Business-Customer (B-to-C) functioning.

    Having a boost over here, Awstro since its inception in 2016, significantly rose in terms of operating cities. In these cities, gaining more ground, customer database and recognition from social media, Awstro rose in stature and became the most robust company in its segment.

    Awstro has the mission of easing the process of gaining access to the best household consumer goods, fashion apparel, baby products consisting of food, clothing, and toys, and so on for its customers. This serves a dual function. Primarily assisting in the hassle-free acquisition of every good by the customers, it even benefits the merchants, increasing their commercial viability and most importantly helping in their small business.

    Awstro founders had a noble vision and chose to charge a minimal amount from the trusted tie-ups they have across the nation for the assistance and delivery. The revenue model of the company is premised only on the regular customers that visit their website daily for buying purposes. All other traffic generated by the website for the buying and selling purpose can be considered as their potential customers whom they are happy to cater someday.

    With a vision of increasing commercial value, Awstro quickly raised the ranks and assisted in the interaction of customers with more and more diverse and varied household and consumer products, providing the customers with nothing but the best of all services through their website.

    Gaining more Awstro reviews by the day, Awstro is working on designing and restructuring their website into a customer-centric one that will be a category-specified platform offering the users a better experience. Moreover, with a change in their refund policy, it is now easier to refund the goods in 2-3 days with the amount.

    Vision 2021, according to the founders is to diversify the already existing brands and include cover more metropolitan cities under the operable charter of the company. Roaring with the zealous and dedicated staff, Awstro is the new thing in business.

    Website URL – https://www.awstro.in

    Offers Link – https://www.awstro.in/new-products

  • Analysing the actual role of ECI in post-election Covid upsurge

    New Delhi [India], May 18: Aggrieved by the Madras High Court’s observations, the Election Commission approached the Supreme Court. The entire liability of India’s 2nd wave of ramification was solely attributed to ECI by the Madras HC. It held that EC has failed in maintaining COVID-19 protocol during election campaigns in four states and a Union Territory and also made scathing comments like the poll panel “should be put up on murder charges” for being the ” the only institution responsible for the situation”.

    Did the elections cause the spike?

    The Election Commission of India had already issued a cautionary, although political parties or the government paid no heed but saw the crowd as an affirmation of their leadership. On 22 April, EC banned all public gatherings limiting it to 500 people with safety rules.  However, the upsurge was not limited to polling states but the rest of India also witnessed a deluge. Maharashtra, Chhattisgarh and Karnataka, held no elections but were severely stricken.

    In absence of any ground-level data of infection rates among people who likely have attended rallies and other dwellers of such area, it is highly questionable to denounce the entire liability on ECI.

    Furthermore, if we compare cases in polling states with the top five states reporting the highest daily cases, it doesn’t provide any conclusive evidence to endorse EC culpable for the upsurge. Also if we compare current data with April 2020, we would find that Corona was growing fastest in West Bengal, doubling in a week, followed by Maharashtra and Gujarat, at 8 days respectively even amid nation-wide lockdown.

     

    Population density is also a significant factor. The biggest surge was witnessed in Delhi from 0.4% on 26th February to 32% on April 28 where there was no election, and Delhi’s higher population density than the polling states cannot be ignored, followed by 4 non-election states—Maharashtra, Karnataka, Chhattisgarh and UP also showing alarming spike.

     

    Pertinently, few scientific studies on virus transmission even give a conflicting view with Madras HC. Prof Lawrence Young of Warwick Medical School says that “Not least [is] the fact that the virus released can be rapidly diluted through the atmosphere,” and hence stating that the risk of virus transmission at outdoor gatherings is generally low compared to indoor events cannot be ruled out.

    The High court pointedly declared ECI “Mass Murderer”. A reprimand of such nature has decremented the people’s trust in ECI is perhaps not a positive portent for this democracy.

    The Election Commissioner Rajiv Kumar though has been facing severe public criticism, has firmly volunteered for appropriate punishment. It has come to notice that Kumar even acted in furtherance of filing an affidavit before the Hon’ble Supreme Court of India, enunciating the consequences of procrastinating the recently-held assembly polls due to the corona-virus pandemic, could make equity of the poll panel questionable and favouring one party against another in-turn would have seen severe criticisms.

    Although the aforesaid draft-affidavit, owing to procedural discrepancies couldn’t be filed, Kumar to preserve the sanctity of ECI even offered to quit, saying that the institution “needs to be absolved of the mistrusts raised on it to save the democracy” lest everyone else start making insinuations and allegations in much more magnified, exponentially derogatory terms”.

    The Constitution of India along with other acts like the Representation of Peoples Act empowers the Election Commission of India. In accordance with Article 324 of the constitution, ECI as an independent constitutional authority may instruct the State Governments but can’t interfere in the general administration, neither can it take over the administration. Moreover, the current approach of the ECI to conduct elections has to be analysed in consonance with the Disaster Management Act, 2005, to mitigate the ramification and compliance of protocols thereby are the responsibilities of National and State Disaster Management Authorities and associated ministries as well. Furthermore, the Indian government in consultation with other concerned ministries along with the EC had issued Guidelines for Conducting General Elections or Bye-elections as early as August 2020. Therefore clubbing of phases in the West Bengal polls would have been violative of the Representation of the People Act.

    In pursuance of Madras HC’s remarks, it’s noteworthy that High Courts don’t have extraterritorial jurisdiction and more so the aforesaid remarks appear to be a judicial overreach. The ECI’s decision to conduct elections doesn’t appear unreasonable as at the time of declaration of elections the Covid situation was apparently under control in polling states, thus it cannot be seen to be unfair.

    The EC even devised afresh protocols and all campaigns from 10 am to 7 pm were banned onwards April 16 and by 27th all the victory processions were prohibited. On the contrary, the upsurge which may majorly be attributed to the political rallies were either by the Central ruling party or the incumbent state government, despite that the entire criticism was held on ECI’s head.

    Nearly 11 lakh personnel deployed in recent elections are not exclusive of ECI and such remarks would indeed demoralise them who cannot be mute spectators to such downgrading of their role played in keeping the democratic functions alive even during tough times. General Voters, contesting candidates and political parties particularly, would tend to mistrust EC to hold free, fair, transparent elections and with such mistrust, law and order the country would face is unimaginable.

    In the contemporary era, the media with versatile information being relayed in all possible modes, our Hon’ble Courts are perhaps required to be more cautious while making any remarks which are especially not an issue under review. High constitutional authority like ECI’s sanctity must be preserved by the judiciary at all costs.  Hence leaving it to the judgement of the court to punish in the manner the court pleases to seem more judicious.

    It is certainly not wrong to state that Covid-19 has also accounted for fatalities of various EC officers, despite this, EC most arduously conducted elections which is surely commendable. The severity of the ongoing second wave of Covid-19 in India is a failure not just on part of the government but the people but there is no reason why India cannot tackle Covid if the people of the world’s largest democracy act as conscientious citizens.

  • INCOMET: Proving to be one of the best Stock Market trainers in India by helping its students earn Rs 1 – Rs 2 lakh per month

    Mumbai (Maharashtra) [India], May 18: Incomet recently became the country’s top stock market training firm. A great feat for the startup, no doubt, but it also rings a question in our minds.

    How did Incomet leave behind so many giants? There are tons of firms with big backers and decades worth of experience, how did they lose the number 1 spot?

    Well, to find our answers we looked at how Incomet functions and what sets their learning environment apart. We also talked to a student whose life has taken a turn since he joined Incomet.

    While looking at their learning techniques, we found that their approach is majorly hands-on.

    The platform has a set of trainers and mentors who have been brought on board after rigorous interviews. These trainers have proved their mettle in the stock market and aren’t preparing their students for some written examination. They are imparting knowledge that made them successful.

    Instead of just teaching theories that were written decades ago, Incomet has developed unique learning material. When they were developing their teaching content they welcomed a team of 10 entrepreneurs, stock market trainers and investors to the table who helped develop a course that was based on real-life experiences.

    To have such practical knowledge be presented so readily benefits the students greatly. They don’t have to mug down theories and then spend hours trying to figure out how these theories pan out in real life. Instead, they are already taught how the stock market will play out, what problems they might encounter and their solutions. Such a course gives the students all the necessary information in a short amount of time.

    Further, Incomet gives its students the chance to learn about the stock market in real-time and interact with it. One can only become good at analysing the market when one is actively a part of it. Where other training firms give maybe a week or two of trading opportunities, Incomet dedicates three months of its program for live trading. The students are given reigns to trade using the account provided by Incomet. There they learn how to actually navigate through the market and at the end of the three months they come out as polished stock market traders.

    Even though we took a deep look at Incomet’s learning environment, we would be breaking their rule if we didn’t provide any real-life input.

    To back up our findings we talked to one of Incomet’s students.

    The student Arpan Verma from Uttar Pradesh happily told us about his experience.

    The boy got his early education in the town of Atrauli and hails from a business family. Given his family’s background, he had a good understanding of money from the start and did his senior secondary schooling in the commerce stream.

    The stock market comes on the radar of anyone who is even a little interested in business. He too was fascinated about the stock market but didn’t dip his feet in because he couldn’t get satisfactory knowledge from anywhere. People he talked to, the so-called educational videos everywhere on the internet, all gave him half-baked answers.

    However, once he stumbled upon an ad for Incomet on Instagram and seeing good reviews decided to give it a shot.

    Of his experience, he tells us, “My mentor in the Incomet was so knowledgeable about the subject, that he taught us with the same ease with which one learns about addition. Even though we were dealing with complex matters in the course, he broke it down so simply we were never intimidated. Success in the stock market felt achievable with his teachings. He used to teach us concepts that he had himself used.”

    “After joining Incomet my life changed for the better. Whatever money I was making before, it has more than doubled since I’ve been a part of Incomet. My family too is very happy that I had made the decision to join Incomet. Today I am able to handle my and my family’s expenses all thanks to Incomet. I am always going to be thankful to  Kanishk sir, Karan sir and the entire team at Incomet that made such a great thing happen.”

  • LANXESS India donates critical COVID-19 relief worth Rs 2.1 crore

    Mumbai (Maharashtra) [India], May 18: LANXESS India has committed over INR 2.1 crores as part of its CSR spends to support the medical infrastructure in the country in its fight against the Coronavirus pandemic. The spike in COVID-19 cases in the second wave has been severe and there has been a huge demand for critical medical equipment for treating patients. To help medical institutions tackle the situation better, LANXESS India has donated twenty units of advanced German Ventilators worth approximately INR 1.9 crores to hospitals in Maharashtra, Madhya Pradesh and Gujarat.

    The company donated these ventilators to nine hospitals in the states of Maharashtra, Madhya Pradesh and Gujarat where the company has its sites and offices. These include Kaushalya Medical Foundation Trust Hospital and Bethany Hospital in Thane, Shushrusha Hospital in Mumbai, Jayaben Modi Hospital in Ankleshwar, Sevashram Hospital and Civil Hospital in Bharuch, and Patidar Hospital, J K Hospital and SS Hospital & Research Centre in Ujjain. The hospitals will use these ventilators for the treatment of COVID-19 patients.

    In addition, to combat the rising medical oxygen requirement in the country, LANXESS India supported the District Hospital, Ujjain with ten units of Oxygen Concentrators.

    The company has also supported the Employee State Insurance Corporation Hospital (ESIC) in Nagda with INR 10 lakhs to help in upgrading their existing infrastructure and provide better medical assistance to the patients.

    Neelanjan Banerjee, Vice Chairman and Managing Director, LANXESS India commented, “The current second wave of the Coronavirus pandemic in India has overwhelmed the medical infrastructure of our country and has led to a severe shortage of critical medical equipment. As part of our Corporate Social Responsibility efforts, we at LANXESS have yet again tried to support augmenting the infrastructure of some of the hospitals around our headquarters in Thane and our manufacturing sites in Nagda and Jhagadia. We will continue to aid the community in fighting the devastating second wave of COVID-19.”

  • XL Dynamics to cover COVID-19 vaccine cost for staff and family members

    Mumbai (Maharashtra) [India], May 17: XL Dynamics India Pvt. Ltd, announced that as a part of its employee well-being program, it will cover the Covid-19 vaccination cost for 5,000 people, including its employees and their dependent family members.

    Since the beginning of the pandemic, to support its employees and keep them safe, the company has taken multiple initiatives such as remote work, distribution of masks and sanitizers, safe travel arrangements and special rewards & recognition for the continued support by the employees. This recent step underscores its commitment towards the staff’s health and safety.

    “Our employees have been instrumental in the company’s success. The vaccine reimbursement is our way of thanking them for their efforts. We back the inoculation campaign and hope for the coronavirus pandemic to end soon.” said Ms. Sonali Oke, Director, XL Dynamics.

    Contrary to the industry trend, XL Dynamics has witnessed accelerated growth during the pandemic. The company recruited thousands of employees and expanded its presence with 15 new branches across India.

    About XL Dynamics

    Established in 2002, XL Dynamics provides end-to-end Mortgage Process Outsourcing solutions to clients in the U.S. With more than 2,800 employees across India, the company has grown to become one of the leading service providers in industry.

    Visit www.xldynamics.com to learn more about the company.

  • Alembic Pharmaceuticals announces financial aid up to 50 lakhs for their employees who passed away in Covid.

    The employees create a benevolent fund for their late colleagues

    Vadodara (Gujarat) [India], May 17: When it comes to Employee welfare with Alembic Pharmaceuticals Ltd it is not just the employer but also the employees who have started a Benevolent Fund and are contributing generously for their departed team members who passed in this second wave of Covid.

    The Management of the 114-year-old Alembic Pharmaceuticals Ltd has announced Financial Aid of between 15 lakhs to 50 lakhs to their deceased employees, which is over and above all other benefits applicable. Talking to the media, Mr. Pranav Amin, Managing Director of Alembic Pharmaceuticals said that, the company has always fostered the feeling of Alembic Parivaar. We are deeply saddened by the loss of some of our family members due to the Covid-19 pandemic. The company has decided to support the bereaved family members with financial assistance apart from the existing benefits. We have announced financial aid of a minimum INR 15 Lacs maximum up to INR 50 Lacs for the deceased team members’ family. While we cannot compensate for the loss suffered by the families, we hope that this benefit will help them to rebuild their lives. As we remain committed to the safety and wellbeing of our employees and their families, I strongly urge everyone to take the utmost precaution and safeguard themselves.

    Seeing the gesture initiated by the company, the employees of the Alembic group have also come forward and formed an Employee Benevolent Fund, where employees are contributing in the form of either cash or their earned leaves for the team members they have lost. Employees have contributed towards the benevolent fund for individual employees who have passed away due to Covid-19. Employees are generously supporting all, irrespective of whether they know the deceased member or not and irrespective of the professional level of their colleague. These contributions are voluntary and discreet. The funds are accumulated and directly transferred to the legal heirs.

    Talking to the media, the HR spokesperson confirmed that the organisation has added a Covid-19 cover for all employees, in addition to the existing mediclaim policy, the cost for which is borne by the company. Also, in the unfortunate event of an employee losing his life, the company’s Financial Aid is a major solace, which is in addition to the EDLI of around 7L, gratuity which is calculated up to the retirement date of 58years, contributions from the Benevolent Fund, plus other statutory benefits.

    To give a broad idea, the bereaved family of a junior employee on an annual salary of around 3L will also receive as per the above benefits offered, anything between 25 – 30 L.

    This is a testing time for everyone. Many of the staff have been personally impacted by the pandemic and/or have had their family members getting impacted.

    Some of the staff has even had to bear personal losses/ loss of colleagues.

    During such times, it is only natural to occasionally feel a little low. Due to the same Alembic has engaged a clinical psychologist, whom all Alembians can reach out to, should the employees feel the need. The psychologist has special experience in supporting individuals with stress, anxiety, depression, grief and bereavement-related concerns. The psychologist has been requested by the company to keep the discussions and calls confidential. The psychologist shouldn’t share name or any details with the company management too. The psychologist can be contacted all 7 days of the week between 08 am to 9 pm.