Tag: Business

Mumbai (Maharashtra) [India], September 30: Chennai based, Paysharp is a B2B focused Payment Gateway & We provide flat pricing to all customers. The company is  excited to say we are live on Bharat Bill Payment System under new category B2B Bill collections during Global Fintech Fest  / GFF.We help businesses to Join in the BBPS eco-system as biller and Invoice based Collections from customers in various channels and modes seamlessly.

Excited to say we are part of BBPS innovation launch #GFF 22-Sep-2022 Mumbai.Paysharp want to say thanks to NPCI and BBPS team for the wonderful opportunity to participate in the BBPS B2B  (Business to Business) payment category development.Our work experience with BBPS Team and Axis bank is super exciting to announce BBPS. Regarding BBPS, future-focused and the Axis Bank team helped us to bring the vision to reality” says Krishna Kumar Mani, Founder of Paysharp

What is Bharat Bill Payment System?

BBPS is one of the products from NPCI. This will support Bill collections via popular UPI App like GPAY, Phone Pe Etc. BBPS has multiple categories to ease the bill collections in a minute. BBS is a centralised bill payment system by bringing banks, e-commerce portals, and online payment platforms under one roof.

Based on our studies 5 out of 10 people are already using BBPS without knowing they are using BBPS. Did you pay your electricity bill or mobile bill or did DTH / fast recharge using PhonePe Gpay PayTM? If yes then already you have used BBPS, these payments are powered by BBPS.

Apart from the above electricity and mobile bill there are many categories in BBPS like Gas, Loan repayment, Broadband, Municipal tax, water, school fee, Mobile postpaid, landline postpaid, Broadband, Data Card, Fastag, Loan/EMI, Credit card, Mutual funds, Insurance, Cable tv connection, Rental, Housing society, Education fee (school/college),Clubs/ Association, RDs, Municipal Taxes & Services, Metro Recharge, DTH

Subscription – OTT & Magazine, Other

Subscription – Music, Online

Subscription – Grocery, Newspaper & Others

Subscription – Education apps

Subscription – Health and Fitness

B2B Payment (new)

“On August 2022”, 87 Million with the value of 16,000 Croes bills is handled by BBPS.

“Join as BBPS Biller”

Join the BBPS ecosystem as Biller and collect bill payments from customers any time anywhere. The good news, BBPS is launching a new category, Business to business payments.

If your business is collecting payments from another business it is for you. Join as BBPS Biller in the B2B category.

Benefits First advantage is Pricing, it is flat pricing – BBPS maximum charges pricing of flat INR 4 to INR 12 per transaction, yes it is not percentage-based pricing if you switch to BBPS you can save 100X compared to the payment gateway. A company is doing 300 crore turnover a year fully using a payment gateway, they are spending around 6 Crores a year for payment gateway. You don’t believe this if they switch to BBPS the cost will be 3 Lac per year.

1. Assurance and safeguarded the settlement

2. Transparent Ecosystem downtime, grievance

3. Integration is simple, we are here to help

4. Cost effective 50X are cheaper than existing payment options
5.  More visibility and accessibility  to your brand

For more information, visit the link mentioned below:

https://www.paysharp.in/bbps/biller

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Team Bullsmart post App Launch at Global Fintech Fest 

Bangalore (Karnataka) [India], September 30: Bangalore based FinTech Startup, Bullsmart launches a mutual fund investment App. The cutting age investment solution provider Bullsmart had a gala launch of this App at the Global Fintech Festival 2022 held at the Jio World Convention Centre in Mumbai. The app is live now and investors can download at https://play.google.com/store/apps/details?id=in.bullsmart

Bullsmart, a new-age fintech startup based out of Bangalore, was the Silver Partner for the GFF 2022 event. The theme this year was “Creating a Sustainable Financial World: Global, Inclusive, Green.” The event witnessed the participation from prominent people including Shri. Narendra Modi, Prime Minister of India; Smt. Nirmala Sitharaman, Indian Minister of Finance and Corporate Affairs; Shri Shaktikanta Das, Governor, Reserve Bank of India and Ms. Madhabi Puri Buch, Securities and Exchange Board of India (SEBI), Chairperson. Global leaders from the finance and fintech space also joined the conference.

In her address, Nirmala Sitharaman said that financial technology is important for financial inclusion and she urged the fintech players to work together with the government and regulators.

Shaktikanta Das chose the theme of ‘Fintech as a Force Multiplier’ for his address and said, “The next decade of finance will be more focused on two central themes – sustainable development and technology-led innovations transforming the lives of the common people.

Ankita Das, CEO of Bullsmart was part of a panel discussion on ‘Gamification of Investing – Where to draw boundaries’. She was joined by Sagarika Shah, Samant Sikka, Viram Shah and Karan Mehra. Addressing the audience, Ankita shared Bullsmart’s vision and about the current state of financial literacy and financial inclusion in India and how gamification can be leveraged to make financial education more engaging and easy to understand, especially among the youth. She said, “Three key principles that make gamification a desirable feature in any investment platform are progression, competition and community.”

Ankita was also critical of the use of gamification techniques employed by few players to manipulate users into aggressive trading. In conclusion, Ankita suggested that investing platforms should not go overboard with gamification and must adopt sustainable gamification strategies to improve the overall investing experience of users.

Team Bullsmart took a privilege to show the application to the government officials, regulatory personnel and industry veterans. Sourabh Tomar, Head UPI & IMPS Product, National Payments Corporation Of India (NPCI); Srinivas Jain, Executive Director and Head of Strategy at SBI Mutual Fund; Barbara Voelkl, Policy Officer at German Federal Ministry of Finance were some of the people we connected with. Mr. Vivek Deep, Executive Director of RBI, appreciated the Bullsmart’s way of creating financial education by using the gamification way.

Be among the first to join the Bullsmart Family. Download the application now:

https://play.google.com/store/apps/details?id=in.bullsmart

Bullsmart is the brand name of Dados Technologies Private Limited registered under the Companies Act, 2013 having a CIN: U65100MH2019FTC329281 and headquartered in Singapore. Bullsmart is building an investment platform with cutting edge investment tools to help the young start investing. Our vision is to become the most desirable investment platform in Asia and act as a catalyst for India’s financial growth story.

Further details are available on the website at: https://bullsmart.in/

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Devika Group is reigniting the iconic legacy of the Sadar Bazaar in New Delhi with its new project “Devika Sadar Bazar”. The project spread across a sprawling 1600 Square Yards (4,400 Sq Ft) is an immaculately designed commercial project with air-conditioned modern retail, semi-automated car lifts, 100% power back-up, food court, and much more.

The project is located just 1.7 kms from the New Delhi Railway station and is conveniently placed with Connaught Place and other popular business hubs in Delhi.

Exciting Navratri Offers

The capital value of the project is in the range of INR 2-2.5 lacs/ sq. ft against which a monthly rental of INR 750-1500 can be earned. As the project is situated amidst a bustling commercial hub, investors and buyers can also eye highly attractive capital gains in the mid to long run.

Moreover, the developer has also launched exciting schemes this Navratri season. There is a guaranteed rental of 12% till procession. Further to this, there is an option of a guaranteed lease rate of 9%. Both the offers are Bank Guaranteed.

This project is going to be a great option for investors who want to make risk-free great returns by pouring capital into well-executed commercial assets.

Only Organized Retail in Sadar Bazar Area

The project will be a bonanza for buyers, as it is the only organized retail project in  Sadar Bazar Area, one of the biggest business hubs in New Delhi as well as India. There is no organized retail project in the vicinity. Moreover, as there is no land parcel available, Devika Sadar Bazar will be the only organized large-scaleale retail project in the foreseeable future.

The developer is not keeping any stone unturned in making the project an ideal retail venture. All the approvals have been received and the govt. dues have been paid on time. This is a debt-free project  and is in the advance stage of construction.

This is a once-in-lifetime option for buyers and investors who would like to make huge returns by investing in the bustling business district of Sadar Bazaar. It is a very well organized and delightfully designed project with all the facilities needed. It also has a sprawling food court, which further gives it a facelift.

Moreover, the backing of the Devika group further adds a feather to the cap.   Devika Group is one of the most reputed developer enterprises in New Delhi and has delivered a wide range of successful commercial and residential projects since 1954, when it was incepted.

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Following its success in Siliguri and with proposals in Jamshedpur and Chandannagar in the pipeline, the 93-year-old biryani restaurant is ready to set foot in Guwahati soon. 

It was in 1929 that the first outlet of Aminia was opened in Zakaria Street, one of the very few places that claimed to serve authentic Awadhi cuisines. Later on the day of independence, August 15, 1947, the oldest outlet of Aminia was opened near the Futnani Chamber, New Market. Since then, Aminia has carved a niche for itself among the gourmands across the city.

After years of serving the city, Aminia is now endeavouring to expand its legacy outside of Kolkata. The brand has lately established itself in Siliguri, with aspirations to extend into other parts of Eastern India. The iconic brand is currently operational at 12 locations, including New Market, Golpark, Jessore Road, Rajarhat, Shyambazar, Behala, Barrackpore, Serampore, Sodepur, and Siliguri, with Guwahati set to open at the end of this month & Kolaghat by the first week of October.

Aminia has devised a strategy to aggressively grow its reach over the next five years as the hospitality sector recovers after floundering for over two years due to the COVID-19 restrictions. “In addition to expanding in West Bengal, we intend to explore other areas of India. As part of its strategy, we will add 3-4 more outlets by next year, all of which will be company-owned and supported. Apart from expanding, our primary goal is to maintain consistency throughout all our locations and to provide the best possible service to our patrons. Our Guwahati lunch is scheduled towards the end of this month right before when the city is all out for Pujas. We are also working on projects in Jamshedpur and Chandannagar,” stated Azra Asher Ather, the director of sales, Aminia.

“Following our top quarter performance, we predict a 20-22% increase to balance out our expected revenue and profit. Every year, the market becomes more aggressive, making profit extraction both challenging and competitive. With this in mind, we hope to enhance our earnings before taxes, depreciation, and so on, and to prioritise our efforts. Our first outlet outside of Kolkata, in Siliguri, is doing phenomenally well. The people there have loved us, and we expect a similar response by the people of Guwahati as well,” she further added.

Other cities, according to Mohammed Asher Ather & Mohammed Kabir Azhar, the Director of Aminia, quoted that tier-2 and tier-3 cities have less access to branded chain of biryani & there is a high scope of setting a strong trend. As per their assessment, these areas also have a volatile market, in terms both online and offline and we are going our best to serve such demand.

Adding to this Mohammed Azhar, the Chairman & Director of Aminia Restaurant quoted “We are stronger today & promise to be strongest as we grow higher with people’s love & expectation every day”

What: Aminia’s new outlet in Guwahati

Where: Prithivi Centre, GS Rd, South Sarania, Lachit Nagar, Guwahati, Assam 781007, Landmark – Near Burger King

Date: 28th September 2022

Time: 7 PM onwards

Price: 700/- for two (approx)

Social Media Links:

Facebook: https://www.facebook.com/aminiarestaurant

Instagram: https://www.instagram.com/aminiarestaurant/

About Aminia:

The history of Aminia dates back to 1929. Today, Aminia is being run by third and fourth generations with fourteen outlets across the city. They serve the famous Mughlai/Awadhi cuisine, and each and every dish which they offer has a serene taste that one can’t let go of. Aminia’s biryani and kebabs are one thing to fall for whenever you have a bite or have its smell. It has an essence of its own. Aminia is situated in different extreme locations serving people everywhere with love. The Mughlai dine den opened its all-new outlet outside Kolkata, in the largest city of North East, Guwahati.

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Shehzad Khan – A successful Indian entrepreneur

India, September 30: Material handling equipment is commonly used in manufacturing plants for various operations such as quick movement of goods or products, locating stock, preparing orders, and localizing stock.

The steel industry has extensive usage of such equipment. C-hook, transfer trolleys, coil tilters, ladle cars, and slab lifting tongs are a few of them. As in such industries, professionals have to lift heavy loads of steel and have to handle hot liquid metals. Steel is widely used in different manufacturing industries, having no substitute as far as durability is concerned. So, as more new manufacturing industries grow and existing units increase their production, the GDP will experience a boom. On the other hand, the same reason (growth of steel industries) is liable for an increase in the market size of material handling equipment. In this way, we can see that the growth of material handling equipment is directly proportional to the growth of GDP.

Mr. Shehzad Khan, a young and successful Indian entrepreneur, founded M/s Admech Equipment (India) Pvt. Ltd., armed with the vision of being a leader in the field. The company is actively involved in the industry as a manufacturer, supplier, and exporter of a wide variety of high-quality material handling equipment like Coil Tilters, C-Hook, Coil Grab, Coil Lifters, Slab Tong, Transfer Trolley, Ladle Car, and various lifting and handling equipment. The company is also involved in the manufacturing of various equipment for saw and spiral pipe plants, i.e., DWTT Machine, Diabolic Roller Conveyor, PDS Rotator, etc. Within a time span of just five years, today, Admech Equipment (India) Pvt. Ltd. is one of the leading organizations in the sector, earning 40% of its total sales from exports.

KHAN introduced various technologies related to equipment used in the steel industry. His ideas greatly benefited the steel industry. He is a dynamic entrepreneur who started the business with an investment of USD 15,000 and turned it into a million-dollar group within a short time span of just five years.

Early Carrier

Shehzad Khan started his professional career in 2005 at the age of just 19 years. He belongs to a middle-class family. His father is a scrap merchant in Indore, Madhya Pradesh. Instead of joining the family business, Shehzad decided to find his own way.

Besides his studies, Mr. Khan started a job at a company. At the age of just 24, after giving his best services, he becomes Director-Finance of the same company. After working as a Director for the next few years, he left the job and started Admech Equipment India Pvt. Ltd. The first office of Admech Equipment India Pvt Ltd was set up in Indore. It was a 130 sq. ft. room with one table and two chairs. Initially, he did not have any assistance. Khan is a known risk-taker and believes in building new inventions and technologies to increase profit. Moving further to the next goal after achieving the first is the nature and habits of Shehzad Khan. He is diligent and committed to his profession. As a result of that, now he is the founder and MD of five companies, i.e.

• Admech Equipment (India) Pvt. Ltd.
• Steelhind Impex LLP.
• Clacom India Pvt. Ltd.
• Red Maple Productions
• Admech Realtors Pvt. Ltd.

Excellence in quality, thorough knowledge of products and processes, and continuous research and development is a key reasons why the name is becoming trustworthy not only in India but worldwide. As a result of that, today, 40% of the business of the group companies comes from overseas countries.

Awards and Achievements

Shehzad Khan was awarded the following awards:

• “Excellence in Technology Award 2018-19” in the 23rd glorious year of Globoil, organized by Tefla at the Leela Ambience, Gurgaon, India.
• On February 24, 2020, Shri Shyambihari Misra, Honorable President of Bhartiya Udyog Vyapar Mandal and former Member of Parliament of the BJP, will present the award at the JECC in Jaipur.

 His belief is that if a client is satisfied, growth will proliferate. To provide unparalleled innovative solutions to the industry, he is continuously going forward to add a number of advanced and new technologies. He is not only a successful businessman but also a kind-hearted human being and is involved in charities and donations to different NGOs.

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September 30: “What’s the best way to shop?” – asked the curious soul.

“Try online!” – the lazy bone and the smart cookie answered.

“How can you be so sure without the touch or feel?” – questioned the hardheaded.

Ever since the swooping arrival of online e-commerce platforms, shoppers, in general, are split into two notable groups – the ones who indulge in the convenience of online and others who prefer having an experience of what they’re purchasing before making a choice.

Both online and offline shopping experiences have their pros and cons, but what if we, as shoppers, could get the best of both worlds?

Freedeem, an online shopping and discount app, brings to you a brand new and arguably the most effective way to shop. “With this app, one can browse deals digitally and make a purchase physically,” says Mr. Shaudhan Desai, the Founder & CEO of Freedeem.

He observes, “People who buy physically from shops, stores and malls have to explore a lot of places to get what they want, at the price they feel is reasonable. In simpler words, they don’t know where the best deals are. People who buy online don’t always get the product that they want. There are size, colour, quality, or even brand issues, and the process of return and exchange is taxing and time-consuming. In simpler words, they don’t get to touch and feel the product”.

“With Freedeem, users can search for deals on the products that they want to buy. They can do so at any time and from any place. Once they are sure which products to buy, they can go to their handpicked local business stores, touch and feel the product, avail of the deal, and make a smart purchase. This saves a lot of time and effort,” he explains.

Freedeem gives local businesses and brands a platform to display their products and offers, which are viewed by 7+ lakh customers who are actively seeking to avail of these discounts.

“Freedeem has created a brand new shoppers category that falls right between online and offline categories. The best thing is that this community enjoys the advantages of both worlds and does not have to suffer with respect to their relevant drawbacks,” he concludes.

What started off with a handful of local businesses willing to display their offers is now a popular space where countless brands, startups and businesses can be found, displaying multiple offers and schemes.

Freedeem has created a win-win situation for customers and businesses, and it only seems to be getting better, especially with the entry of more shopping categories on a large scale.

Want to have this experience the next time you shop? Download Freedeem! Freedeem is available in Ahmedabad, Surat, Vadodara and Kolkata.

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Satara, September 29:  Today, Crane (NYSE CR) announced the inauguration of its new Engineered CheckValves factory in Satara, Maharashtra. The event was hosted by Crane Process Flow Technologies India Private Limited and ChemPharma & Energy, Duo-Chek® and Noz-Chek®, businesses of Crane Co. Led by Mr. Hari Jinaga, the President of Crane India, in the presence of customers, business partners and other global leaders crane; the ceremony enabled the presentation of the new plant capabilities that will be completely dedicated to its Engineered Check products. Crane’s precision engineering and decades of research have come together at every step in the new state-of-the-art 10,000m2 [ approx.110,000sq.ft.] manufacturing facility featuring automated welding technology to manufacture a full range of Noz-Chek® and Duo-Chek® valves in sizes up to 84″. 

The plant meets the stringent quality and product approvals and is capable of in-house machining for all offered size ranges. The facility offers in-house High-Pressure Gas and Cryogenic Testing for valves up to 72″. 

Certified testing is also available per Customers’ specific temperature or pressure requirements, detailing leak rates as well as a graphical representation of the testing cycle.  

The new facility holds direct employment for approximately 100 associates who support the requirements of a variety of industries within the chemical processing, oil and gas, petrochemical and energy sectors, including renewable energy and other emerging markets, such as hydrogen production.

“The facilities that have been built here in Satara are best-in-class; our new Engineered Check Valves factory reflects digital transformation trends and features a fully automated manufacturing process to ensure our products maintain the quality Crane is known for.”

“Crane India has been an influential force in the country through our contributions and investments in local communities over the past 30 years. Along with the new Engineered Check Valves factory inauguration, today we have also reaffirmed our partnership with the local NGO Maher by opening the next building within the Crane-funded Maher Home complex for disadvantaged children in Satara.  – said Hari Jinaga, President, Crane India

Additional photos and a video from the event are available on Crane CP&E and CraneIndia’s LinkedIn pages. For more information on Crane ChemPharma & Energy, please visit www.cranecpe.com.

About Crane India

Crane India, as part of the Crane Co., draws on 165 years of history of innovation. Crane Co. made its first steps into India in 2001-2002 with the acquisition of Saunders Flow and Xomox Valves businesses. The past seven years have seen rapid growth in India with the construction of three new factories of over 100K sq. ft. and more than $20M in investments to support Govt’s “Make in India” Program. Crane’s local operations supply and support a comprehensive product offering of 5 Crane Co. businesses, three manufacturing facilities including a JV, two Design and Offshore Development Centers, Global Sourcing, IT and Global Information Security. Crane’s India Design Center (IDC) is a key innovation driver, with more than 100 expert engineers working to develop conceptual and functional prototypes, continuously innovating to solve customers’ toughest challenges.

About Crane ChemPharma & Energy

Crane ChemPharma & Energy (within Crane Co.’s Process Flow Technologies segment) designs and manufactures a variety of high-performance products, including highly engineered check valves, sleeved plug valves, lined valves, process ball valves, high-performance butterfly valves, bellows sealed globe valves, aseptic and industrial diaphragm valves, multi/quarter-turn valves, instrumentation and sampling, actuation and controls, sight glasses, lined pipe, fittings and hoses, and air operated diaphragm and peristaltic pumps. Its trusted brands (in alphabetical order) ALOYCOÒ, CENTER LINEÒ, COMPAC-NOZÒ, CRANEÒ, DEPAÒ, DOPAKÒ, DUO-CHEKÒ, ELROÒ, FLOWSEALÒ, GO REGULATORÒ, GYROLOKÒ, HOKEÒ, JENKINSÒ, KROMBACHÒ, NOZ-CHEKÒ, PACIFIC VALVESÒ, RESISTOFLEXÒ, REVOÒ, SAUNDERSÒ, STOCKHAMÒ, TEXAS SAMPLINGä, TRIANGLEÒ, UNI-CHEKÒ, WESTLOCK CONTROLSÒ, WTAÒ and XOMOXÒoffer customers a complete and innovative product portfolio designed for the most demanding corrosive, erosive, and high purity applications. Among the industries served are chemical processing, biotechnology, pharmaceutical, oil & gas, refining, and power generation. For more information, visit www.cranecpe.com.

About Crane Holdings, Co.

Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets, including aerospace, defence, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane is traded on the New York Stock Exchange (NYSE: CR). 

For more information, visit www.craneco.com.

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Mr. Harsh Gupta, Investor – India, Flourish Ventures

Flourish Ventures New Research Highlights Fintech Opportunity

Mumbai, 29^th September 2022: Flourish Ventures, a global venture capital firm, today released a new study that confirmed the importance of corner shops (locally also known as kirana) in India. The India Spotlight report is part of Flourish’s Digitizing the Corner Shop report, conducted in partnership with research firm 60 Decibels and e-commerce platform ApnaKlub. According to the report, 90% (US$540 billion out of US$600 billion) of grocery sales are conducted via kirana.

The report further iterates that about 92% of the Indian respondents intended to purchase as much or more from their local kirana store in the future. And over 80% of Indians purchased more groceries from a local kirana store during the Covid lockdown.

The global report surveyed shopkeepers and corner shop customers across India, Egypt, Brazil, and Indonesia, and developed a framework to understand the digitized corner shop opportunity. The report discovered that in all four markets, technology start-ups are providing corner shops with low-cost and online tools which can unlock a 60-100%+ increase in corner shop earnings when implemented at scale.

Within the India research, the study surveyed 200 kirana and 198 of their customers to learn first-hand about the kiranas’ business pain points, competitive threats, aspirations, and digital behaviours. The findings reveal that despite macro headwinds of inflation, pandemic disruptions, and competition from e-commerce, not only are kirana stores surviving as essential parts of local economies, they also have an opportunity to thrive by digitising key areas of business.

Commenting on the report, Mr. Harsh Gupta, Investor – India, at Flourish Ventures said, “Kiranas are not going away; they are integral to local communities and a significant part of India’s overall retail ecosystem. These small shops are uniquely positioned with their local customers, which we expect will help them hold up under competitive pressure from bigger stores. The small shops can also maintain competitiveness through digitising and automating business functions.” 

Mr. Gupta further adds, “Kirana shopkeepers have shown high adoption of digital tools and ambition to use them more to improve store operations and offerings. We see a great opportunity for digital platforms to step in and consolidate parts of a highly disaggregated market while tackling the operational pain points that kiranas face”.

With respect to the factors that drove value for kirana to its customers, location (86%), product quality and variety (51%), and longstanding relationships with store owners (42%) topped the survey. Additionally, around 33% of surveyed customers regularly use store credit to purchase items.

Despite kirana stores’ essential role in the economy, shopkeepers still face business challenges, particularly with sourcing and purchasing inventory, managing stock, and serving customers. The research found:

• The top three biggest business challenges identified by shopkeepers include finding and keeping customers (74%), competitive prices (67%), and product variety and quality (57%).
• The biggest pain points during operational stages included ordering, checking, and receiving of products during inventory purchases (74%), managing inventory and product placement at the store management stage (60%), and attending to customers during the selling stage (74%), which can include online channels such as messaging apps.
• Shopkeepers are already adopting digital tools. A vast majority of surveyed shopkeepers are comfortable with digital tools and are already using apps and websites to purchase inventory and messaging apps to communicate with suppliers and/or customers. However, barriers to adoption do exist; 26% of shop owners reported difficulty in learning or adopting new tools and 16% cited monetary costs.
• Shopkeepers are eager to adopt more digital tools as they believe these tools can bring business efficiencies. More than half (54%) of surveyed shopkeepers said they plan to increase digital tool usage for inventory sourcing and delivery from suppliers in the next 1-2 years.

Flourish partnered with Bain & Company, 60 Decibels, and digital platforms ApnaKlub, MaxAB, Mercê, and TaniHub to survey more than 800 shopkeepers and 800 of their customers across four emerging market countries—Brazil, Egypt, India and Indonesia—to understand their perspectives on digitization, competitive threats, pain points, aspirations, and opportunities for tech entrepreneurs to better serve them. The key details of the global report can be downloaded here: https://digitalcornershop.flourishventures.com/

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• Inspired by the 15:15:15 rule helping young millennials and Genz build their first crore
• The beta version is available on Dinero app which is currently live on Play store

Mumbai, September 29, 2022: Dinero Investment Plan (DIP) beta version was exclusively launched today by the fintech app Dinero. This new product is an all-inclusive plan aimed at helping users build their 1st Crore with a starting investment as low as ₹100. User can customize their investment amounts at their convenience.

The plan is designed by Dinero’s in-house financial experts to enable optimal returns for long-term wealth creation. The DIP is built without a lock-in period and can be exited anytime a user wishes to. Through the DIP, Dinero aims to help young Indians build healthy investment practices that help them create wealth in the long run.

DIP is inspired by the 15:15:15 rule of Mutual Funds – where one can build one crore by consistently investing ₹15,000 monthly for 15 years in an instrument that yields 15% returns annualized.

Dinero’s Founder and CEO, Kashyap Mahavadi adds, “We, at Dinero, identified a hindrance in this model – the inability of Young Indians to pitch in an amount as big as ₹ 15,000 in their initial years of career and the ability to invest more than ₹ 15,000 in the later years. We then adapted this plan to suit the young and new investors on the block.  All information in the product has been packaged in an easy-to-understand and transparent manner for users to get started. We ultimately want to build a trust-first product, brand, and company.”

As per the Dinero Investment Plan (DIP), a user invests in a diversified basket of ETFs (Exchange Traded Funds), for 15 years. It is an innovative SIP-based module where the compounding effect would provide the required push to reach the one crore target. Through its diversification, the plan is designed to maximize returns in the initial years and protect gains in the later years. The plan is a perfect starter for those seeking to start their wealth creation journey, beat inflation, and get returns higher than traditional savings instruments like FDs. It is designed to keep the interests of the end-users in mind.

What do users get from DIP

• A curated, diversified, and solid plan with “where” and “when” to invest
• Pocket-friendly investment starting with as low as ₹100
• Option to customize investment amounts
• Invest in financial products that track the best of Indian companies and bonds
• Dinero Dibs as a reward for every rupee invested which in turn can win a user Digital Gold
• Bonus Digital Gold as a reward for consistent investment
• No lock-in period

All the investing activities on Dinero are executed by their partner 5paisa, a leading online stockbroker in India, offering their services to close to 3 million customers as of May 2022. A user must first create a DEMAT account with partner 5paisa, or log in with an existing 5paisa account, to start their investment journey to build their one crore.

Dinero offers its users a well-rounded rewards ecosystem consisting of digital gold, referral incentives, rewards points, and fun single-click games. For investing consistently, users will earn Dinero Dibs that they can use to win Digital Gold on the app (powered by Dinero’s partnership with MMTC-PAMP).

With this launch, Dinero aims to onboard 1,00,000 customers by the calendar year-end 2022. The app is available on Android and will be available on iOS soon.

Dinero can now be downloaded at

https://play.google.com/store/apps/details?id=com.growyourdinero.dineroApp

How to get started

• Download the Dinero app on the Play Store, and complete the quick 4 step onboarding process
• Play their Slot machine game to win up to ₹5000 worth 24K Digital Gold.
• Create a DEMAT account with 5Paisa on the Dinero app
• To create a DEMAT account, users will need to submit PAN and ID proof (could be aadhar, voter ID, or driver’s license)
• Start investing with as low as ₹100 & customize the plan on the go.

Head over to the app now to play their single-click jackpot games and stand a chance to win up to 1gram 24k Digital Gold every week, no t&c applied.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Assam Rifles has signed an MoU with the Axis Bank, India’s third-largest private sector bank and National Integrity and Educational Development Organisation (NIEDO) for  setting up the Patkai 30 Centre of Excellence and Wellness at Jairampur towards supporting underprivileged students from the State of Arunachal Pradesh to prepare for various competitive entrance examinations to India’s premier institutions in engineering and related streams, as well as other exams conducted by the National Testing Agency such as the BS-MS dual degree programs in IISER, NISER, ICAR, IIPR, CDRI and CDRC. This project conceived by Assam Rifles in collaboration with Axis Bank & NIEDO for under privileged children of South Arunachal Pradesh is the first of its kind. This is the third of its kind initiative by Assam Rifles in the North East; the other two being in Nagaland and Manipur.

The MoU signing ceremony, that took place in Jairampur at the Garrison Headquarters of 19 Assam Rifles, was in the presence of Chief Guest, Major General Vikas Lakhera, Sena Medal, Inspector General Assam Rifles (North), Brigadier Swaran Singh, VSM, Commander 25 Sector Assam Rifles, Mr Jabir Hussain Rahim, Vice President, Corporate Head, Axis Bank, Dr Rohit Shrivastava, Managing Trustee and CEO, NIEDO, and other senior representatives from the Government of Arunachal Pradesh, Assam Rifles, Axis Bank and NIEDO.

The Centre, set up under the Bank’s Axis Dil Se initiative that aims to transform educational opportunities in India’s remote locations will initially support upto 30 meritorious students from Arunachal Pradesh to prepare for competitive entrance exams by way of a providing a free residential coaching program that shall also focus on strengthening their overall mental wellbeing. The Centre shall be set up at the Assam Rifles premises at Jairampur in Changlang, Arunachal Pradesh, with NIEDO as the implementing agency providing the coaching and training expertise. The Centre has been named “PATKAI 30, Centre of Excellence and Wellness”.

Major General Vikas Lakhera, Sena Medal, Inspector General Assam Rifles (North), conveyed that this was a significant milestone in people’s centric approach of Assam Rifles as Sentinels of North East. Further, he assured complete support from Assam Rifles towards the successful implementation of this initiative. Major General Vikas Lakhera, Sena Medal, IGAR (North) described the role of education in Nation building process and the importance of this centre for the students of Arunachal Pradesh. Mr Jabir Hussain Rahim, Vice President, Corporate Head, Axis Bank said, Axis Bank is privileged to partner with the Assam Rifles and NIEDO to establish the Centre towards nurturing the bright, young minds of Arunachal Pradesh. The Centre will provide all the necessary support to help fulfil the aspirations of the children who aim high and have all the capabilities to excel in any competitive exam.

Under the program, eligible candidates shall be selected by NIEDO in consultation with the Assam Rifles and go through a rigorous and comprehensive academic guidance provided by qualified and experienced faculty NIEDO in quality boarding and lodging arrangements at the Centre, which is in the Assam Rifles Garrison at Jairampur.

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