Niva Bupa Announces Q3FY25 Results with PAT (profit after tax) of ₹13.2Crore; Y-o-Y Growth of 189%

Gurugram, 05 February 2025: Niva Bupa Health Insurance Company Limited (Formerly known as Max Bupa Health Insurance Company Limited), today announced its Q3FY25 financial results. The company delivered 25.3% growth in gross written premium (GWP) in Q3 over last year on a like-to-like basis. For the first 9 months of the current financial year, Niva Bupa reported a GWP of ₹5011cr, delivering 30.2% Y-O-Y growth. In line with its objective of balancing growth with profitability, the company reported a profit after tax (PAT) of ₹13.2 crore with an impressive 189% Y-o-Y growth in Q3FY25.

These are the company’s first reported financials after the new framework of premium recognition prescribed by IRDAI which took effect from 01 October 2024. As per this new framework, premium collected for a long-term policy shall be recognized on a yearly basis; i.e. for long-term policy, the GWP recognized for any financial year shall be the total GWP due for that policy multiplied by ‘1/N’ where ‘N’ is the duration of policy in years. Since ‘1/N’ was not applicable last year while reporting the Q3FY24 results, the reported GWP for Q3FY25 factoring in the impact of ‘1/N’ will not be a like-to-like comparison with Q3FY24 numbers. With ‘1/N’, Niva Bupa’s Gross Written Premium (GWP) for Q3FY25 is ₹1442Cr with 2.1% Y-o-Y growth. Likewise, with ‘1/N’ the GWP for 9M FY25 is 4684cr, demonstrating 21.7% Y-o-Y growth.

Commenting on the results Krishnan Ramachandran, MD and CEO, Niva Bupa Health Insurance, said, “Niva Bupa remains focused on building a solid foundation for future growth. Our strong solvency, robust profitability, and improving retail market share has positioned us strongly to cater to the significant opportunity in the health insurance segment. We shall continue to invest in technology, distribution, and customer-first solutions to redefine healthcare access. Our commitment to empowering every Indian with the financial confidence to access the best healthcare remains unwavering.”

On the back of higher than category growth rate, Niva Bupa’s retail health market share has increased from 9.0% in 9MFY24 to 9.6% in 9MFY25. The growth is basis contribution of many factors including company’s retail digital business (including partners) which has grown by approx. 32% on like-to-like basis in Q3’FY25. Niva Bupa also reported strengthening of its net promoter score (NPS), an industry wide metric to gauge consumer sentiment across varied touchpoints. The company’s NPS score has witnesses a Y-o-Y growth of 6 points to reach 56 in Q3 FY’25.

Cyient and Micware Navigations Collaborate on Cutting-Edge Mobility Solutions

Hyderabad, February 5, 2025: Cyient, a global Intelligent Engineering services company, announced that it entered into a memorandum of understanding with Micware Navigations, a leader in navigation and mobility services. As per the MoU, both companies have agreed to work in partnership across mutual engineering services support, customer introduction, and marketing strategy.

This strategic partnership between Cyient and Micware Navigations aims to deliver transformative solutions for intelligent mobility, focusing on safer, smarter, and more sustainable transportation systems. By leveraging Cyient’s engineering excellence and Micware Navigations’ expertise in mobility software, the collaboration will develop integrated solutions that cater to the evolving needs of modern transportation ecosystems.

“Our partnership with Micware Navigations reinforces our commitment to engineering a better future through innovation and collaboration. By combining Cyient’s deep expertise in engineering and digital transformation with Micware Navigations’ pioneering advancements in navigation and mobility solutions, we aim to redefine the landscape of intelligent transportation. This partnership will enable us to create safer, smarter, and more sustainable mobility solutions that address the critical needs of an evolving Automotive & Mobility landscape, paving the way for next-generation ecosystems,” said, Joby Joseph, Vice President & Country Manager (Japan), Cyient.

“We are pleased to collaborate with Cyient and bring together our shared vision for advancing intelligent mobility. Our expertise in developing cutting-edge navigation and mobility solutions, combined with Cyient’s engineering capabilities. This partnership represents a step forward in addressing the challenges of modern transportation by leveraging technology and innovation to deliver impactful, scalable solutions that benefit industries and communities worldwide,” said, Kenta Imaida, President, Micware Navigations.

DP World ILT20 Season 3: Play-offs Schedule Set to Thrill Fans

After 30 electrifying matches filled with jaw-dropping drama, edge-of-the-seat thrillers, and unforgettable moments, we’ve arrived at the most crucial stage of the season. The stakes have never been higher, the competition fiercer—it’s time for the ultimate showdown.

From February 5th, the race to the finals begins. Four powerhouses will leave it all on the field, fighting for the two coveted spots in the grand finale.

Qualifier 1: The unstoppable Desert Vipers lock horns with the formidable Dubai Capitals in a high-voltage clash for a direct ticket to the finals.

Eliminator: The relentless MI Emirates go head-to-head with the resilient Sharjah Warriorz, battling for survival in a do-or-die encounter.

The pressure is immense, the stakes are sky-high, and the road to glory is paved with fire. Who will rise? Who will fall? The battle lines are drawn—let the war begin.

Cricket fans can watch this action-packed tournament on ZEE’s most widely distributed and viewed 15 linear TV channels: &Pictures SD, &Pictures HD, Zee Cinema HD, Zee Anmol Cinema 2, Zee Action, Zee Biskope, Zee Zest SD, Zee Cinemalu HD, Zee Telugu HD, Zee Thirai, Zee Tamil HD, Zee Kannada HD, Zee Zest HD, &Flix SD and &Flix HD.

The third season of the DP World ILT20 will run from 11 January to 9 February 2025. All 34 matches will be played across three venues – Dubai, Abu Dhabi and Sharjah. The truly international league’s six franchise teams include Abu Dhabi Knight Riders, Desert Vipers, Dubai Capitals, Gulf Giants, MI Emirates and Sharjah Warriorz.

Innovating the Metaverse: Immerso and Everdome Team Up for AI-Powered Digital Experiences

05 February, 2025, Abu Dhabi, UAE – Immerso, an Eros Innovation company- home to Eros Media and Eros Now, and a global leader in AI innovation and intellectual property (IP), has joined forces with Everdome, pioneers in creating interactive metaverse experiences, to revolutionize digital entertainment.

The partnership combines Immerso’s exceptional IP portfolio, featuring an extensive library of over 12,000 film titles, with Everdome’s immersive technology. Together, they aim to transform how audiences engage with entertainment in the digital era.

Backed by Eros Innovation, Immerso brings unparalleled resources to the table. Eros Media World boasts a 30% market share in the Indian film industry, selling 2.7 billion tickets annually and reaching a global audience in the billions. This partnership unlocks the potential to become the world’s largest film market for metaverse engagement.

Jeremy Lopez, CEO of Everdome, commented, “This partnership propels Everdome’s vision to merge the metaverse with AI tools and intellectual property, setting the stage for the creation of interactive, metaverse-native IP experiences for brands on a global scale. With nearly 50 years of Bollywood history under their belt and a strong commitment to the metaverse and immersive computing, Immerso is the perfect partner as Everdome steps into its next chapter.”

Swaneet Singh, CEO of Immerso added, “We firmly believe in the transformative potential of virtual experiences and Web3 in reshaping the way users connect. By combining immersive experiences with AI-powered hybrid content and user-generated creation, we’re opening up new possibilities – and we are thrilled to be at the forefront of this innovation alongside Everdome.’’

Immerso is uniquely positioned to lead large-scale innovation in AI, entertainment, and the metaverse. As one of the first AI Intellectual Property (AIIP) companies, Immerso owns over a trillion AI tokens and has trained models across all LLM platforms. This foundation, coupled with initiatives such as establishing India’s first AI Park and a billion-dollar investment in a Malaysian AI park and film studio, showcases Immerso’s commitment to pushing the boundaries of digital experiences

Everdome, recognized for its expertise in creating immersive and accessible digital experiences, is dedicated to bringing real use cases and larger audiences to the metaverse. With a proven track record of collaborations with global brands like the Alpine Web3, and Binance Fan Token Everdome is well-versed in bringing established IPs to life in new and engaging ways.

With an initial focus on integrating Indian cinema’s vast library of films, stars, directors, and influencers into immersive virtual worlds, together, Immerso and Everdome will offer audiences entirely new ways to connect with entertainment.

This collaboration marks a significant step toward a future where AI, IP, and immersive technology converge to transform how the world interacts with storytelling and creativity. It sets a new standard for connectivity and engagement in the metaverse and establishes a framework for a thriving creator economy. Immerso and Everdome will offer audiences entirely new ways to connect with entertainment.

The future of the metaverse is driven by collaboration, and this partnership unlocks the potential to become one of the world’s largest film markets for metaverse engagement, revolutionizing how users view, engage with, and interact with traditional media in an immersive digital world.

Alumni Reunion: H.R. College to Host Grand Meet on February 9, 2025

The H.R. College of Commerce and Economics is set to host its annual Alumni Meet, a grand event that promises to be an unforgettable experience for all attendees. This year’s event is expected to be the most spectacular one yet.

The Alumni Meet, scheduled to take place on February 9th, 2025, at the prestigious Garware Clubhouse, Wankhede Stadium, Churchgate, 5:00 pm onwards and will bring together esteemed alumni from various industries, who have made a mark for themselves in their respective fields. With a legacy of producing brilliant and successful individuals, the college is expecting a large turnout of notable alumni, who will share their experiences, insights, and achievements with their fellow batchmates.

This year’s event will be a unique experience, as it will be hosted outside the college premises for the first time in many years. The attendees can expect an exciting lineup of activities, entertainment, networking opportunities and will offer a chance for alumni to reconnect with old friends, make new memories, and create a whole new experience.

Alumni of H.R. College of Commerce and Economics are urged not to miss this opportunity to be a part of this grand celebration. So mark your calendars for February 9th, 2025 and get ready to reunite with your old buddies, make new connections, and create lifelong memories.

Fleetguard Filters Shines with CSR Recognition at Navabharat’s 4th CSR Conclave

Mumbai, 5 February 2025 – Fleetguard Filters Private Limited (FFPL), a leading manufacturer of filtration products and solutions for various on- and off-highway applications, has been recognized for its exemplary contributions to driving social change at the 4th Edition of the CSR Summit & Awards 2025 organised by Navabharat. The prestigious award was presented by the Honorable Governor, Shri C.P. Radhakrishnan, at a distinguished ceremony held at ITC Grand Central, Parel, Mumbai.

Representing FFPL at the event were Mr. Avinash Mane, Head HR & IR and Mrs. Priyanka Chavan, Assistant Manager CSR, who received the award on behalf of Mr. Niranjan Kirloskar, Managing Director of Fleetguard Filters Private Limited. The award commemorates FFPL’s commitment to corporate social responsibility (CSR) initiatives that build social capital.

Mr. Niranjan Kirloskar expressed his thoughts on this recognition, stating, “We are humbled to have been recognised by Navabharat. At FFPL, we believe in creating a sustainable and positive impact through our CSR initiatives. This recognition by Navabharat is a testament to our ongoing efforts to generate meaningful social impact, and it encourages us to continue this journey alongside our CSR volunteers whose contributions have been instrumental in positively impacting the communities we serve.”

Fleetguard Filters has been at the forefront of impactful CSR projects, focusing on education, health & safety, environment, and community infrastructure development. This award further cements the company’s position as a responsible corporate entity dedicated to holistic societal development.

The recognition at Navabharat’s CSR Conclave adds to FFPL’s growing legacy of excellence in social initiatives, reinforcing its commitment to making a meaningful difference beyond business.

Sattrix Information Security Welcomes Himanshu Vaish as Global Service Delivery Officer

Ahmedabad, 05th February 2025: Sattrix Information Security (BSE: SATTRIX), a leading provider of IT and cybersecurity solutions, is pleased to announce the appointment of Mr. Himanshu Vaish as the company’s new Global Service Delivery Officer. With over 35 years of global experience in Information Security, Risk Management, and IT Service Delivery, Mr. Vaish brings invaluable expertise to this key leadership position. His extensive background includes serving as a consultant to the Prime Minister’s Cyber Security Task Force, where he played a pivotal role in advising on national cybersecurity strategies.

Throughout his distinguished career, Mr. Vaish has held senior leadership roles at prominent organizations such as Credit Suisse, Bank of America, Genpact, and GE Capital. His deep knowledge spans areas like cybersecurity governance, vulnerability management, business continuity planning, and regulatory compliance. As a certified Cyber Resiliency professional, he has also trained senior law enforcement officials in cybersecurity and IT forensics, solidifying his reputation as a trusted leader in the industry.

In his new role at Sattrix, Mr. Vaish will oversee global operations, including the Security Operations Center (SOC), Network Operations Center (NOC), and Professional Services. His primary focus will be on driving operational excellence through enhanced service delivery, process automation, and the development of innovative solutions to strengthen the company’s cybersecurity services. Additionally, he will manage delivery risks, ensure regulatory compliance, and nurture strong customer relationships to ensure top-tier service.

Mr. Vaish is widely recognized for his ability to strategically address complex cybersecurity challenges. Among his notable achievements is the creation of a vulnerability remediation model that achieved an impressive 91% remediation rate within just 90 days, and his leadership in driving a 300% improvement in detection rates.

Mr. Sachhin Gajjaer, Managing Director of Sattrix, expressed his excitement about Mr. Vaish’s appointment, stating, “We are delighted to welcome Himanshu to the Sattrix team. His unmatched expertise in cybersecurity and leadership will undoubtedly propel us to new heights of operational excellence.”

Commenting on his new role, Mr. Himanshu Vaish said, “I am excited to join Sattrix and look forward to working alongside our talented team to safeguard critical business infrastructures. Together, we will transform challenges into opportunities and ensure Sattrix remains at the forefront of cybersecurity service excellence.'”

Sattrix Group, founded in 2013, is a global provider of cybersecurity, software development, and information security solutions. With a presence in India, the USA, the Middle East, and Malaysia, and over 21 million hours of experience across 500+ projects in 12 countries, Sattrix helps businesses protect their assets from cyber threats.

Escape to Nature: The Earth at Ranthambore Unveils Luxury Spring Experience in Rajasthan

Ranthambore, 5 February 2025: The Earth at Ranthambore, a flagship property of Earthian Hotels N Resorts, has unveiled an exclusive Spring Package, inviting travellers to experience the magic of Rajasthan’s wilderness in unparalleled luxury. This 2-night, 3-day itinerary combines eco-conscious accommodations with unique experiences in the heart of Rajasthan’s famed wilderness, offering a perfect fusion of adventure, relaxation, and local charm.

Upon arrival, travelers are welcomed with traditional Rajasthani hospitality, setting the tone for an unforgettable stay. Accommodations include cozy mud cottages or luxurious villas, reflecting a harmonious blend of rustic charm and modern comfort. Guests can also opt for lime mortar stone cottages or wooden cabins, all thoughtfully designed to complement the surrounding environment while offering premium amenities.

Mr. Rohit Pareek, Managing Director of Earthian Hotels N Resorts, commented on this unique offering: “At The Earth at Ranthambore, we strive to create immersive experiences that celebrate the beauty, culture, and heritage of Rajasthan while ensuring our guests enjoy world-class comfort and sustainability. This Spring Package is designed to leave guests with cherished memories of their stay in this remarkable region.”

Guests are encouraged to plan their visit well in advance to secure coveted Jeep or Canter safari slots at Ranthambore National Park, renowned for its majestic tigers and diverse wildlife. With limited safari availability and bookings opening three months prior to the travel date, early planning ensures preferred safari zones and a seamless jungle experience. The resort provides personalised assistance with safari arrangements to enhance the guest experience.

Culinary delights are a centerpiece of the package, with farm-to-table dining experiences that showcase organically sourced ingredients. Diverse multi-cuisine options complement authentic Rajasthani meals, and evenings under the stars feature live folk music and crackling bonfires, offering guests a true taste of local culture.

For adventure enthusiasts, the package includes exhilarating alligator boat safaris and visits to traditional chili farms. Nature lovers can indulge in guided walks and birdwatching at Surwal Lake, a haven for migratory birds. Cultural highlights include a tour of the iconic Trinetra Ganesh Temple and pottery-making sessions, providing insight into local traditions and artistry.

Evenings at the resort come alive with vibrant night markets featuring folk performances, magic shows, and local artisanal crafts. During stargazing sessions, guests can also marvel at the clear desert skies, further connecting with nature’s wonders.

To ensure a stress-free and memorable stay, the all-inclusive package offers accommodation, all meals under the AP plan, guided tours, engaging activities, and rejuvenating massages. As a thoughtful farewell gesture, guests receive curated hampers featuring local artisanal products.

Orchids Bangalore Brings the Skies Closer with Stargazing Night & Astro Activities for Rare Planetary Alignment

Bangalore, February 05 2025: Orchids The International School celebrates the rare and awe-inspiring celestial event—the planetary alignment of Venus, Mars, Jupiter, Saturn, Neptune, Uranus & Mercury—through an exclusive stargazing night, along with an astronomy movie and astro events at its Bangalore campuses. The stargazing night will be open to all students (Orchids & non-Orchids) and all space enthusiasts who can come together to witness this extraordinary phenomenon.

During these events, participants will have the opportunity to engage in a unique blend of education and hands-on learning. A 12 to 15-minute educational movie will be screened at each campus, explaining the significance of the planetary alignment and its fascinating role in the field of astronomy. The movie will also explore the science behind celestial movements, offering a deeper understanding of the universe.

At the same time, attendees will be able to view the alignment firsthand through live stargazing sessions starting from 7 pm to 11 pm depending on the clear visibility in the sky. With high-end telescopes set up at the campuses, Orchids is offering an immersive, guided experience for all participants, whether they are seasoned astronomy enthusiasts or newcomers to the night sky.

Ajit Singh, Head of Astronomy, Orchids The International School, said, “Stargazing is not merely an activity, but a chance for our students and community to delve into the mysteries of the cosmos. This rare planetary alignment serves as a source of inspiration, sparking curiosity and learning. We aim to provide all students and space enthusiasts with the opportunity to experience this event and grasp its importance, while nurturing their passion for science and exploration.”

This alignment, which won’t occur again until 2040, is an exceptional opportunity for both students and their families to come together and explore the mysteries of the universe. Orchids’ stargazing initiative is designed to spark curiosity, deepen scientific understanding, and inspire future generations of space explorers.

Unsure About the Union Budget Tax Rebate? These Audiobooks Make Finance Easy to Understand

India’s Finance Minister announced the Union Budget on Saturday, and the nation had much reason to celebrate—especially with the income tax relaxation bringing relief to many. While some were thrilled about the revised taxes, others found themselves wondering: What exactly does this rebate mean? And if you earn beyond that, how does it impact you?

In light of the many questions and a bit of uncertainty that still surrounds the topic, we thought it might be helpful to offer some insightful audiobook and podcast recommendations on Audible. These can help you navigate through the complexities of the new tax policies and gain a clearer, more comprehensive understanding of finance and taxation, eliminating any confusion about jargon and concepts.

Tax-Free Wealth

Written by: Tom Wheelwright, Robert Kiyosaki – foreword; Narrated by: Tom Wheelwright

Tom Wheelwright’s ‘Tax-Free Wealth’ is a must-listen for anyone looking to legally reduce their tax burden and build lasting wealth. As a seasoned CPA (Certified Public Accountant) and tax expert, the author simplifies complex tax strategies, showing readers how to use the tax code as a tool for financial success. This includes some real-world case studies, and actionable advice on deductions, credits, and incentives. Whether you’re an investor, entrepreneur, or just starting out, this book offers a clear roadmap to maximising wealth and achieving financial freedom.

Finance Simplified by CA Rachana Ranade

Written by: CA Rachana Ranade

This podcast by CA (Chartered Accountant) Rachana Ranade is your go-to podcast for making sense of personal finance and the stock market. In this series, Rachana breaks down complex financial concepts into easy-to-understand theories. Whether you’re a beginner or looking to refine your investment strategies, this podcast offers practical guidance to help you make smarter financial decisions.

Leveraging Your Financial Intelligence

Written by: Douglas Lennick, Roy Geer, Ryan Goulart; Narrated by: Steve Menasche

Money stress is something most of us deal with, but did you know it impacts not just your finances, but also your health and happiness? This audiobook explores how these three are deeply connected and offers a values-based approach to improving your financial well-being. Drawing from neuroscience, psychology, and cultural anthropology, the book provides practical steps to help you achieve financial security while also enhancing your overall life satisfaction. Through real-life stories and expert insights, it inspires you to take control of your money—and, in turn, your health and happiness.

The Dhandho Investor

Written by: Mohnish Pabrai; Narrated by: Neil Shah

The audiobook offers a simple approach to value investing, drawing inspiration from the successful Patels of India and the timeless principles of legends like Benjamin Graham, Warren Buffett, and Charlie Munger. Through this accessible guide, you can uncover key strategies such as making big, infrequent bets, and understanding the formula to maximize returns from undervalued stocks. The author presents a framework that will empower you to make smarter decisions and potentially outperform even the professionals!

The Tax and Legal Playbook

Written by: Mark J. Kohler; Narrated by: Christopher Grove

Navigating taxes and legalities as a small business owner can be overwhelming, but attorney Mark J. Kohler makes it easier with this practical guide. Drawing from real-world experiences, he breaks down complex tax and business issues very simply and clearly—just like he would in a personal consultation. From identifying the right professionals to avoiding costly mistakes, he equips entrepreneurs with the tools to make informed decisions and safeguard their businesses. This audiobook is a must-listen for anyone looking to save time, money, and stress.