Empowering Nutrition and Education: Akshaya Patra Foundation’s New Kitchen with Canara Bank’s Support
6th January 2025 Bengaluru, Karnataka, India In an aim to enhance educational outcomes through nutritional support, The Akshaya Patra Foundation, recognized as the world’s largest NGO-run school meal program and a distinguished partner of the PM POSHAN initiative, celebrated the inauguration of its 76th kitchen in Cheemasandra Village, Avalahalli Panchayat, Bidarahalli, Bangalore, supported by Canara Bank as the anchor patron donor, represents a significant extension of Akshaya Patra’s efforts to improve educational results by providing nutritional support to students. This new facility marks the organization’s sixth location in Bengaluru.
The event was inaugurated by chief guests, Smt. Manjula Aravind Limbavali, Member of Legislative Assembly, Mahadevapura Assembly Constituency, Bengaluru, and Shri Aravind Limbavali, Former Minister, Government of Karnataka. Smt. Lathakumari IAS, CEO of Bengaluru Urban District Zilla Panchayat, graced the occasion. On-behalf of the foundation Shri Chanchalpathi Dasa, Co-Founder & Vice-Chairman, and Shri Gunakara Rama Dasa, Regional President – Bengaluru Cluster, of The Akshaya Patra Foundation were present. The event saw Shri Satyanarayana Raju K, Managing Director & Chief Executive Officer, Canara Bank, as the anchor patron donor.
Smt. Manjula Aravind Limbavali, Member of Legislative Assembly, Mahadevapura Assembly Constituency, Bengaluru, said, “I am delighted to be part of the inauguration of Akshaya Patra’s 76th kitchen, the newly launched kitchen is a testament to their dedication to serving nutritious meals to children and communities. This initiative reflects the spirit of service and development, bringing hope and nourishment to many and strengthening the future of Karnataka.”
Shri Chanchalpathi Dasa, Co-Founder & Vice-Chairman, The Akshaya Patra Foundation, said, “We are immensely grateful for the support of the Government of Karnataka and Canara Bank, whose unwavering commitment has been instrumental in the inauguration of our 76th kitchen in Cheemasandra, Bengaluru. This new facility is not just a kitchen; it’s promising enhanced educational outcomes through nutritional support to over 7,500 students. The strategic location and advanced capabilities of this kitchen enable us to extend our reach and efficacy, reflecting our dedication to nurturing young minds and empowering them through education.”
He also added, “Our heartfelt thanks to Canara Bank for their pivotal role as our anchor patron donor, and to the Government of Karnataka and The Government of India for their continuous partnership. Together, we are forging a future where no child’s educational opportunities are limited by their nutritional status.”
The kitchen, sprawling over 5,000 square feet, is strategically located to cater to over 7,500 students across 60 government and government-aided schools in the Bidarahalli and Cheemasandra areas. It aims to provide hot, nutritious mid-day meals within a strict 4-hour cook-to-consumption timeline, emphasizing the foundation’s dedication to quality and efficiency. This effort not only aims to nourish young minds but also boosts local employment and procurement, & the facility is semi-solar powered, with future plans to incorporate more electric vehicles into its delivery fleet, reflecting its commitment to sustainable practices.
Shri Satyanarayana Raju K, Managing Director & Chief Executive Officer, Canara Bank said, “Our bank takes immense pride in supporting cultural and spiritual celebrations across the country, reflecting our commitment to community engagement. As we grow and prosper, we remain dedicated to contributing to the well-being of our nation, especially in Karnataka. It is a privilege to be part of the inauguration of Akshaya Patra’s 76th kitchen, a remarkable initiative that serves and uplifts the community.”
Shri Shridhar Venkat, CEO, The Akshaya Patra Foundation said, “The transformative power of a daily meal cannot be overstated—it shapes futures, builds dreams, and nurtures the young beneficiaries. The Akshaya Patra Foundation’s success is a testament to the strength of public-private partnerships, with unwavering support from the Government of India, state governments, and generous donors. As we march towards the milestone of our 100th kitchen, I extend my heartfelt gratitude to everyone who has been part of this incredible journey. Together, we are creating a legacy of nourishment, hope, and empowerment.”
Akshaya Patra’s mid-day meal offerings in Bengaluru are customized to appeal to the local palate, ensuring that they are not only nutritious but also palatable. The menu features a variety of dishes including vegetable pulav, bisibele bath, and moong dal payasam, catering to diverse tastes while promoting healthy eating habits among students. This initiative is further enhanced by The Akshaya Patra Foundation’s role as an implementing partner of the visionary ‘Ksheera Bhagya’ program by the Chief Minister of Karnataka, aimed at providing milk to schoolchildren, ensuring that their educational pursuits are not hindered by nutritional deficits.
Following the ribbon-cutting ceremony, the guests toured the facility and served meals to children, visibly impressed by the foundation’s dedication to quality and community impact. The Akshaya Patra Foundation currently serves over 1.8 lakh children across 1200+ schools in Bangalore and 4.4 lakh children across 3400+ schools in Karnataka.
This project is more than just a facility; it reflects The Akshaya Patra Foundation’s enduring dedication to nurturing young minds and fostering community participation. It also underscores the organization’s drive towards promoting healthy eating habits and advancing sustainable practices.
With the continuous support of the Government of Karnataka and the commitment of all stakeholders, The Akshaya Patra Foundation is set to continue its mission of ensuring that ‘No child is deprived of education because of hunger.’
Why Indian Tourists Are Flocking to Da Nang and Phu Quoc for Their Next Getaway
6th January 2025 Phu Quoc, Vietnam With significant investments in infrastructure and tourism services, Da Nang and Phu Quoc are becoming two of Vietnam’s most attractive beach destinations for Indian tourists. Their long stretches of white sandy beaches, world-class resorts, diverse cuisine and a variety of entertainment options have made these two cities ideal holiday spots that cater to the needs of Indian travellers.
Da Nang: the top pick for Indian travellers
Da Nang has cemented itself as the top-searched destination for Indian travellers, as reported by Skyscanner India’s travel trend reports. Indian tourists favour destinations with short flight distances, beautiful beaches and relaxing environments – criteria that Da Nang effortlessly fulfils.
In the first nine months of 2024, Da Nang welcomed over 151,000 Indian visitors, accounting for 43% of all Indian arrivals in Vietnam – a 125 per cent increase compared to the same period in 2023.
To accommodate the growing demand, several direct flights from India to Da Nang have been introduced. In October 2024, Ahmedabad-Da Nang was launched with two flights per week, adding to the flow of visitors beyond New Delhi.
Sun World Ba Na Hills of Da Nang, home to the iconic Golden Bridge is one of the main draws for Indian tourists. Major Indian media Luxebook recently called the bridge one of the world’s most iconic bridges. For many Indian families, visiting the Golden Bridge is a dream come true.
“Seeing the Golden Bridge in person has always been a dream for my family,” said Muskan Tiwari from Ahmedabad. Beyond the bridge, Ba Na’s vibrant castles, cool weather and tranquil atmosphere also leave a lasting impression.
The number of Indian visitors to Sun World Ba Na Hills by the end of July 2024 reached 132,000, accounting for nearly 50% of the total number of Indian tourists visiting Viet Nam in the first seven months of the year.
Cuisine is one of the top factors influencing Indian tourists’ decision to choose a destination also. For Indian travellers, where each community has its own dietary preferences and religious practices – some even bringing their own chefs for the trip. Ba Na Hills boasts a Halal-certified buffet restaurant, allowing Indian visitors to enjoy authentic flavours of their homeland.
Da Nang also has the globally recognised My Khe Beach, the spectacle of Dragon Bridge’s weekend water and fire shows and the untouched natural beauty of Son Tra Peninsula.
Phu Quoc: a paradise for luxury weddings and MICE
Recently, Indian couples have been showing a strong preference for hosting weddings in Viet Nam, drawn by its stunning beaches, luxurious resorts and high-end hotels at reasonable costs. While Da Nang has long been a familiar destination for Indian tourists, supported by an increasing number of direct flights, Phu Quoc has emerged as a new paradise. The island attracts both mid-range and affluent travellers from South Asia. In fact, billionaire Indian couples frequently choose Phu Quoc as the perfect venue to host their dream weddings.
JW Marriott Phu Quoc Emerald Bay has successfully outshone a host of global competitors to become the venue of choice for billionaire Rushang Shah’s wedding in 2019 and another grand Indian billionaire wedding in early 2024.
Phu Quoc has been referred as a new MICE destination in Viet Nam. The Sun Paradise Land ecosystem in the south of the island, with exciting attractions such as art shows, nightly fireworks, the world’s longest three-rope cable car, the Kiss Bridge and beachfront resorts at Kem Beach, along with large conference rooms at Sun Signature Gallery and Sun Tropical Ballroom that can accommodate up to 1,000 guests, fully meet the needs of Indian tourists.
Phu Quoc recently unveiled the world-class 18-hole Eschuri Vung Bau Golf Course, offering a breathtaking view of the island’s sunset, adding yet another reason for travellers to visit this tropical haven.
With direct flights from Da Nang to Phu Quoc and the upcoming addition of more direct flights from other cities, the journey to explore Vietnam will become increasingly complete and easier for tourists.
Infusion Therapy Excellence Recognized in Mastermind Quiz 2024
6th January 2025 New Delhi, Delhi, India To promote excellence and innovation in infusion therapy, BD India in association with The Infusion Nurses Society (INS), successfully concluded the BD INS Mastermind Quiz 2024 during the 12th Annual INS National Conference 2024. Mastermind Quiz is a national annual quiz event that serves as a platform to recognize the exceptional expertise of nursing professionals, enhance knowledge-sharing, and inspire advancements in infusion practices across India.
Mr. Atul Grover, Managing Director, BD India/South Asia, said, “Our Mastermind Quiz 2024 is an annual event that we organize in partnership with INS to bring the focus on the critical role that infusion nurses play in advancing patient care. Our continued collaboration with INS over the years, underscores the shared commitment to improving clinical standards, fostering professional development, and ensuring the highest levels of patient safety. This is aligned with our purpose of working with like-minded partners to advance the world of health.”
Regional Rounds: Identifying the Brightest Minds Across India
Around 15000+ nurses registered from more than 1000 hospitals across 400+ cities of the country for the BD INS Mastermind Quiz preliminary round. The quiz competition began with rigorous regional rounds among the preliminary round top scorers, held in the North, South Plain, South Coastal East, and West zones of the country. These rounds witnessed enthusiastic participation from leading hospitals, with teams demonstrating their expertise in clinical infusion practices, patient safety and healthcare worker safety practices and technologies.
The winners of the regional rounds were:
- North Zone: Sir Ganga Ram Hospital, Delhi
- South Plain Zone: AIG Hospitals, Hyderabad
- South Coastal Zone: Kanchi Kamakoti Child Trust Hospital, Chennai
- East Zone: Medica Super Specialty Hospital, Kolkata
- West Zone: Fortis Hospital Mulund, Mumbai
- Grand Finale: A Battle of Excellence
The grand finale, held recently in Yashoda Hospital, Hitech City, Hyderabad during the 12th Annual INS Conference 2024, brought together the best teams from the regional rounds. The event featured four rounds of challenging questions through MCQs, Rapid Fires, Buzzer and Accelerator rounds. After an intense and engaging competition, three out of five teams emerged as the winners of BD INS Mastermind Quiz 2024:
- First Place: Kanchi Kamakoti Child Trust Hospital, Chennai
- Second Place: Medica Super Specialty Hospital, Kolkata
- Third Place: AIG Hospitals, Hyderabad
The 12th Annual INS Pre-conference workshop – Skillathon focused on hands-on skill development on the best practices in IV Therapy. The workshops garnered great praise for their impactful sessions, engagement and enthusiasm from the participants, hospital management, key opinion leaders and nursing leaders.
Parimatch’s Holiday Gaming Extravaganza: Fire Boom and Coin Train Editions Now Live
6th January 2025 New Delhi, Delhi, India As the New Year approaches, Parimatch is thrilled to introduce an exclusive addition to its gaming lineup. The all-new instant game Fire Boom is here to ignite your gaming passion with explosive action and generous rewards, while the beloved Coin Train gets a festive winter-themed upgrade for the holiday season. Currently, both games are available on the Parimatch platform only.
Coin Train Holiday Edition
The beloved instant game Coin Train is ready to celebrate the New Year and Christmas with a cheerful holiday makeover!
Here’s a quick refresher on the game rules. Before the round begins, players place their stakes, with the option to wager up to ₹21,000 per stake. Unlike most instant games, which typically allow up to two simultaneous stakes, Coin Train stands out by allowing PC users to place up to three stakes at once. Mobile players can still enjoy the excitement with up to two simultaneous stakes, ensuring a thrilling experience for everyone.
As the train moves, the excitement builds with the multiplier increasing steadily, potentially reaching 1000x. This means players have the chance to win up to an impressive ₹63 million in a single round!
What makes Coin Train truly unique is its Safe Zone feature. This exclusive addition activates randomly during a round, guaranteeing a risk-free multiplier for a specified period. The Safe Zone duration is displayed on the screen, giving players a moment of security to enjoy multiplier growth. However, beware—once the Safe Zone ends, the train could crash at any moment, even in the very next second! It’s up to you to decide whether to claim your winnings or continue the ride for even bigger rewards.
Looking for a holiday mood boost while chasing big wins? Hopping aboard this festive train is just what you need! With its bright red carriages and gifts piled high, it spreads joy as it rolls through a snowy winter wonderland.
Hurry up, Coin Train Holiday Edition is available only until January 15!
Fire Boom Game: Your Spark to Instant Wins
Another exciting addition to the Parimatch lineup is Fire Boom, the exclusive instant game that’s sure to boost your mood and your wallet!
In Fire Boom, the journey begins when you place your stake and set off the firework. PC players can enjoy the advantage of placing up to three stakes simultaneously, while mobile users can place up to two. With a maximum stake amount of ₹21,000, the potential rewards are just as high-offering winnings of up to an incredible ₹63 million as the multiplier climbs higher into the sky. The challenge is simple yet thrilling: claim your winnings before the firework explodes.
FireBoom also features the Safe Zone, giving players moments of guaranteed safety where your multiplier increases risk-free. The challenge lies in claiming winnings before the Safe Zone ends or the firework explodes.
With its vibrant energy, dynamic gameplay, and the constant tension of risk versus reward, FireBoom promises an electrifying gaming experience like no other. Are you ready to light the spark and aim for instant wins?
Why Parimatch’s New Games Are a Must-Try
Both Fire Boom and Coin Train Holiday Edition bring thrilling gameplay, festive cheer, and huge winning opportunities, making them perfect for the holiday season. With the exclusive Safe Zone feature, multiple options, and the chance to win up to ₹63 million, these games are designed to take your gaming experience to the next level.
Celebrate the New Year with Parimatch-dive into exclusive new games where holiday magic meets generous rewards!
Raising Cleft Awareness: Smile Train India and Sirat Unite for a Greater Cause
6th January 2025 New Delhi, Delhi, India Smile Train India, the world’s largest cleft focused NGO announces a strategic partnership with Sirat, the country’s largest cleft community for two-years to improve cleft awareness and build community support for cleft affected individuals.
With a grant of INR 40 lakhs from Smile Train, this partnership will focus on hosting events to connect with individuals with clefts and strengthen relationships between the cleft community and caregivers, while launching impactful social media campaigns to raise awareness and empowering cleft-affected individuals. Additionally, this collaboration will prioritize providing mental health support to help cleft-affected individuals and families navigate challenges with resilience and expand access to Smile Train supported free and comprehensive cleft care across India, ensuring no one is left behind.
Talking about this partnership launch, Mamta Carroll, Sr. Vice President and Regional Director Asia, Smile Train expressed, “Smile Train has always been dedicated to providing free, high-quality cleft surgery and comprehensive care for children in need. Our partnership with Sirat marks an exciting milestone in expanding our support beyond the medical needs of cleft affected individuals to also address their mental and emotional well-being. This collaboration is expected to significantly enhance the range of care available to cleft-affected individuals and create a brighter and more inclusive future for them.”
Reflecting on the significance of this collaboration, Ashim Garg, Co-founder of Sirat, shared, “We founded ‘Sirat’ with the objective for improving and empowering the lives of individuals with clefts. It is truly gratifying to receive this partnership support from Smile Train to expand Sirat’s reach and impact across the country. This two-year partnership is a significant step, and we are excited about the opportunities it brings to strengthen and grow an inclusive cleft community in India together.”
Sakshi Kothari, Co-founder of Sirat, added, “Our collaboration with Smile Train began with meaningful interactions at Cleft Con India and has since evolved into a transformative journey. This partnership enables us to extend our support to thousands of cleft warriors and their allies through Sirat. By combining Smile Train India’s medical expertise with Sirat’s focus on psychosocial well-being, we are dedicated to redefining cleft care in India—making it more inclusive, accessible, and holistic.”
Smile Train and Sirat’s partnership in India underscores a shared commitment to not only transforming smiles but also transforming lives, paving the way for a stronger, empowered cleft community across India.
Bajaj Finserv ELSS Tax Saver Fund: A Smart Blend of Tax Savings and Growth
6th January 2025 Pune, Maharashtra, India As we step into the fourth quarter of the financial year, tax planning takes centre stage for many investors. However, people often view tax saving and wealth growth as two separate investment buckets.
What if there was a way to get both benefits in one place? ELSS mutual funds give investors an option to bridge this gap, combining the benefit of tax savings under Section 80C of the Income Tax Act, 1961 (eligible for Old Regime) and long-term growth potential through equities.
The newest entrant in this space is the Bajaj Finserv ELSS Tax Saver Fund. Launched by Bajaj Finserv Asset Management Limited, Period, this scheme opened for subscription on December 24, 2024. The NFO period will on till January 22, 2025.
This article tells you more about ELSS funds and Bajaj Finserv AMC’s latest scheme.
Why ELSS is your best tax-saving partner
For Indian investors, Section 80C of the Income Tax Act, 1961, has long been an effective way to reduce taxable income and continues to be a popular choice for investors who have opted for the old regime of the Income Tax Act, 1961. Under this section, investments of up to Rs. 1.5 lakh per scheme in various schemes can be deducted from the taxpayer’s taxable income. There are several schemes eligible for this benefit, including:
- Contribution towards PPF.
- Employees’ Provident Fund (EPF)
- Tax Saver Fixed Deposits.
- Life insurance premiums
- National Savings Certificate
However, these traditional avenues usually prioritise stability and offer low or moderate return potential. ELSS funds, on the other hand, provide market-linked returns while also offering tax benefits. They invest at least 80% of their portfolio in equities. As a result, they offer investors the potential to build wealth over time, though they come with high risk, unlike the more traditional avenues.
What makes the Bajaj Finserv ELSS Tax Saver fund different?
The new Bajaj Finserv ELSS Tax Saver Fund combines these benefits with a long-term stock selection process, seeking investments in stocks that show the potential for relatively stable growth over time.
- Stock selection: Fund managers will analyse companies based on fundamentals like revenue growth, profitability, and industry position to identify businesses that have the potential to offer steady growth over the long term.
- Diversified portfolio: By spreading investments across industries and sectors, the fund will seek to provide an optimal risk-return balance.
- Long-term focus: Equity markets can be unpredictable in the short term, but over a longer horizon, quality investments have the potential to yield high returns. ELSS funds encourage disciplined investing by locking in your capital for three years, giving your money time to potentially grow.
- InQube edge: The fund leverages Bajaj Finserv AMC’s in-house InQuBe philosophy – the Information edge, Quantitative Edge and Behavioural Edge. This approach seeks to combine superior information collection with advanced data processing models and insights from behavioural finance to seek to stay a step ahead of the curve and potentially outperform the market in the long term.
Timing matters
With January almost here, the race to meet tax-saving goals for FY25 is on. Many taxpayers leave their tax-saving decisions for the last minute, often leading to hasty investments. The Bajaj Finserv ELSS Tax Saver Fund offers an opportunity to plan investments in a more structured manner.
By choosing ELSS, you’re not just ticking off a box but also setting the stage for long-term financial growth potential.
How to invest in the Bajaj Finserv ELSS Tax Saver Fund
The NFO period for this scheme is on till January 22, 2025. Investors can purchase units at a face value of Rs. 10 during this period. Investments start at Rs. 500 for Systematic Investment Plan as well as lumpsum. Both Growth and IDCW (Income Distribution cum Capital Withdrawal) options are available.
Once the NFO period ends, the fund will re-open for subscription in a few business days. Investors can then purchase units at the prevailing Net Asset Value (NAV).
You can invest directly with Bajaj Finserv Asset Management Ltd. on www.bajajamc.com or by visiting your nearest branch. You can also invest through Registrar and Transfer Agent KFin Technologies Ltd, both online and offline. Moreover, you can invest through a mutual fund distributor or a registered aggregator.
Here’s how you can get started:
- Identify how much you need to invest to meet section 80C of the Income Tax Act, 1961, deduction limit. You can also invest more for your long-term goals.
- Choose between lumpsum and SIP investment.
- Open an account: Choose whether you want to invest online or offline, through Bajaj Finserv AMC or a third party.
- Track and review: While your money is locked in for three years, regular reviews of your portfolio’s performance can help you stay aligned with your financial goals.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Celebrate K-Culture: Enjoy a Bowl of Ramen and the Joy of the Slurp
6th January 2025 Mumbai, Maharashtra, India Over the past few days, K-fans have been treated to an absolute spectacle. With brands across the board jumping on the hype train, the excitement for the next season of the iconic Squid Game is at an all-time high. Amidst all the K-drama madness, one brand managed to stand out from the crowd—Knorr. Knorr collaborated with Netflix to launch three limited-edition Squid Game-themed Korean Ramen flavors that dared fans to embrace the drama, spice, mess, and taste, all served piping hot. Blending the show’s global fandom with the rich flavors of Korean cuisine, Knorr celebrates the growing influence of K-culture in India. In Korea, slurping ramen loudly is a joyful expression of respect and love for the dish, and Knorr, in collaboration with Netflix, is breaking taboos by urging Indians to embrace this tradition and launching the Dare to Slurp challenge.
The campaign kicked off with a bang, featuring everyone’s favorite, Orry, indulging in a bowl of ramen in the most chaotic, unrefined way imaginable—slurping, spilling, and making a glorious mess while ruining his ‘I Am Liver’ T-shirt. His untamed eating antics were impossible to ignore, and the fashion police were quick to swoop in. None other than Gen Z’s style icon, Diet Sabya, couldn’t resist calling out this “fashion crime”, telling Orry to “calm down”. But in true Orry fashion, he embraced the roast, reposting Diet Sabya’s story and owning his mess with pride. He didn’t stop there—Orry tagged both Knorr and Netflix, hinting at something bigger. Was this a potential collab, or just a cheeky appeal? The internet went wild, eagerly awaiting the next twist.
The excitement didn’t end there. Knorr dropped a high-energy film featuring none other than the legendary bad-man, Gulshan Grover, as the ‘frontman’, and a one-of-a-kind Slurp-cappella, blending Squid Game’s iconic visuals and signature sounds into an exciting high-stakes slurping challenge bringing an extra dose of dramatic flair to the campaign. The plot thickened when Orry returned with a reel on Instagram, dressed as a pink guard and proudly sporting his and Knorr’s limited-edition “I Am A Slurper” bib. Known for his love of Knorr Korean Ramen, Orry became the ultimate slurper, and he wasn’t about to let it slide. He kicked off a slurp challenge with a Squid Game twist, daring his “minions” to join in on the messy fun. Orry has now dared netizens to “Dare to Slurp” the Knorr Korean Ramen, turning ramen-slurping into the hottest new social media trend.
And wait—just when you thought it couldn’t get any crazier, Uorfi burst onto the Slurp scene as the iconic Young-Hee doll from the series. In a bold twist, she issued a daring challenge, pitting the Young-Hee Paps against the Pink Guard Minions in the ultimate Slurp Challenge. It was a high-stakes showdown: survive the game or face elimination!
Strategic Buying: Expert Advice on Today’s Gold Prices in Jaipur
6th January 2025 Pune, Maharashtra, India Gold in India is considered much more than just a metal, it’s woven into the country’s cultural fabric. Gold is a trusted investment, and often the go-to financial backup during times of need. Whether it’s a wedding, festival, or simply an investment for the future, gold holds immense value.
However, gold prices keep fluctuating daily and understanding the factors behind these price changes can help individuals make more informed decisions, whether they’re buying, selling, or looking to unlock the value of their gold. Let’s deep dive into the gold price today in Jaipur and how one can make the most of it, whether through buying, selling, or using gold as collateral for a loan.
Gold rate dynamics
Gold price today in Jaipur, like in any city in India, often fluctuate, reflecting dynamic market conditions. These changes impact decisions related to buying, selling, or leveraging gold. For those considering a gold loan, such price movements can directly influence the loan amount, as it depends on the current value of gold. Bajaj Finserv Gold Loan provides an efficient way to unlock the value of gold, offering quick disbursal, minimal paperwork, and flexible repayment options. With loans ranging from Rs. 5,000 to Rs. 2 crore and free gold insurance, Bajaj Finance ensures a secure and transparent process to meet diverse financial needs.
Let’s explore the major reasons affecting gold rates in India:
- Global economic trends: Events like inflation, geopolitical tensions, and fluctuations in currency values have a direct impact on international gold rates. Since India imports most of its gold, these global shifts affect local markets in Jaipur as well.
- Import duties and taxes: Changes in government policies, such as import duties and GST rates, play a significant role in determining gold prices in the region.
- Seasonal demand: Jaipur’s rich cultural calendar, filled with weddings and festivals, creates an increased demand for gold, especially during peak seasons, which can drive prices up.
- Currency exchange rates: Since gold is priced globally in US dollars, fluctuations in the rupee-dollar exchange rate have a direct effect on gold prices locally.
By understanding these factors, individuals can make better financial decisions and time their buying, selling or leveraging activities smartly.
Using gold as collateral for a loan
Gold loans are becoming increasingly popular due to their simplicity and flexibility. Leveraging gold for a loan allows individuals to access immediate funds without the need to part with their precious jewellery. The process is simple, just pledge gold jewellery (18-22 karat), undergo evaluation, provide the required documents, and receive the loan amount upon approval.
Before applying for a gold loan, it’s essential to understand one’s repayment obligations. The gold loan EMI calculator is a helpful tool that estimates monthly repayments based on key factors such as loan amount, interest rate and repayment tenure.
Reasons to consider the Bajaj Finserv Gold Loan
When it comes to leveraging gold for a loan, Bajaj Finance offers a suite of benefits:
- Quick disbursal: Once approved, funds are credited to the borrower’s account without delay.
- Minimal paperwork: The loan process is efficient with minimal documentation required.
- Loan range: Bajaj Finserv offers loans from Rs. 5,000 to Rs. 2 crore, catering to a wide range of financial requirements.
- Convenient repayment options: Borrowers can choose a repayment plan that aligns with their financial situation.
- Free gold insurance: Bajaj Finance provides free insurance for the gold pledged, offering additional peace of mind.
- No hidden charges: Borrowers are guaranteed complete transparency, ensuring they know exactly what they are paying for.
For those considering a gold loan, Bajaj Finance offers an easy, quick, and secure way to unlock the value of their gold while benefiting from transparent processes and convenient repayment options. Explore gold loan options with Bajaj Finance today!
Deloitte Recognizes NoPaperForms with 2024 Technology Fast 50 India Award
6th January 2025 New Delhi, Delhi, India NoPaperForms, the leading Vertical SaaS and Embedded Payments Platform for educational institutions, has been recognised as a winner in Deloitte’s 2024 Technology Fast 50 India programme. The accolade highlights the fastest-growing technology companies in India, based on revenue growth over the past four years. This is NoPaperForms’ second recognition in the prestigious ranking, having previously featured in 2020.
“Winning the Deloitte Technology Fast 50 India Award is a moment of pride for everyone at NoPaperForms,” said Naveen Goyal, Founder and CEO. “This recognition reflects the relentless efforts of our team, our partners, and our community of MeritMakers. It’s a testament to our unwavering commitment to empowering educational institutions with innovative solutions that truly make a difference. Our mission to simplify student recruitment and enrollment processes using technology is just getting started.”
“Making it to the Deloitte Technology Fast 50 India ranking is a testament to a company’s commitment to technology,” remarked Peeyush Vaish, Partner and TMT Industry Leader, Deloitte India. “With its work, NoPaperForms has proven that its leadership has the vision, determination, and ability to adapt and grow in a fast-changing environment. This achievement underscores their focus on innovation and impactful transformation.”
NoPaperForms empowers educational organizations through its unified technology platform that spans the entire lifecycle of an institution’s operations—from student recruitment and enrollment to payments and financial management. With solutions like Meritto, an operating system for student recruitment, and Collexo, a suite of payment and financial tools, NoPaperForms is setting new benchmarks for efficiency, growth, scalability, and security in the education sector.
The company’s success is rooted in its innovative approach to solving sector-specific challenges. With its deep understanding of the education ecosystem, NoPaperForms collaborates closely with institutions to create scalable, user-friendly solutions that enhance operational efficiency and student engagement. Its vision extends beyond technology, focusing on fostering accessibility, efficiency, and improved outcomes for students and institutions alike.
The Deloitte Technology Fast 50 programme celebrates companies that combine growth, innovation, and resilience. NoPaperForms’ continued inclusion in this elite group reflects its commitment to driving transformative impact in the education sector and scaling its operations while staying true to its mission.
NFO Deadline Today: Secure Your Spot in Bajaj Finserv Healthcare Fund
6th January 2025 Pune, Maharashtra, India The Bajaj Finserv Healthcare Fund has entered the final day of its New Fund Offer (NFO) period, which closes on December 20th, 2024. Launched on December 6th, this open-ended thematic equity fund is designed to help investors tap into the booming healthcare sector in India. This article explores why you should consider investing in this fund, how it capitalizes on India’s healthcare megatrends, and who should invest in it.
India’s healthcare industry: A transforming landscape
India’s healthcare landscape has been undergoing a massive transformation, especially in the aftermath of the Covid-19 pandemic. The pandemic underscored the importance of a strong healthcare system, while simultaneously driving a surge in health awareness. From increased focus on medical infrastructure to the adoption of healthier lifestyles, the pandemic’s impact on the healthcare sector cannot be overstated.
Since the pandemic, India has made significant strides in improving its healthcare infrastructure, expanding research and development, and increasing access to quality healthcare services. Notably, the country has become a global hub for pharmaceutical manufacturing, including the production of vaccines and the use of innovative diagnostic technologies.
This rapid growth presents an opportunity for investors who wish to be a part of India’s healthcare evolution. The Bajaj Finserv Healthcare Fund is strategically positioned to capture the potential of this sector, which is expected to become one of India’s largest economic contributors in the coming years.
The megatrends strategy: A visionary approach
The Bajaj Finserv Healthcare Fund follows a strategic approach called the megatrends strategy, which aims to capitalize on long-term growth trends shaping the healthcare landscape. The key megatrends identified by the fund include:
Regulatory megatrends: The government’s push through initiatives like the Ayushman Bharat scheme, and its support for the pharmaceutical sector through the Production Linked Incentive (PLI) scheme, is driving growth in healthcare.
Economic megatrends: Rising disposable incomes, urbanization, and increased healthcare spending are creating a favourable economic environment for the healthcare sector.
Demographic megatrends: India’s aging population and expanding middle class are fuelling demand for healthcare services, insurance, and wellness products.
Social megatrends: Growing health awareness, especially post-pandemic, has led to a rise in preventive healthcare, nutrition, fitness, and mental wellness.
By focusing on these transformative trends, the Bajaj Finserv Healthcare Fund aims to invest in companies that are poised to benefit from India’s expanding healthcare market.
Why should you invest in the Bajaj Finserv Healthcare Fund?
There are several reasons why you may want to consider investing in the Bajaj Finserv Healthcare Fund:
Wealth creation potential: The healthcare sector in India is expected to grow at a rapid pace in the coming years, providing significant wealth creation opportunities for early investors.
Exposure to megatrends: The fund’s focus on long-term trends gives it an edge in identifying sectors that will drive India’s healthcare growth for years to come.
Diversification benefits: Healthcare is a specialized sector with relatively low correlation to other sectors like technology or finance. This allows investors to diversify their portfolios while maintaining exposure to a high-growth industry.
Strong fundamentals: Healthcare-related sectors are in a strong position, with healthy financials and ample growth potential, particularly as India’s healthcare infrastructure continues to develop.
Who should invest in the Bajaj Finserv Healthcare Fund?
This fund is suitable for:
Long-term investors: If you’re looking for a long-term investment, this fund’s strategy is built to capture growth over the next 5+ years.
Investors with a relatively higher risk appetite: Since the fund invests in thematic healthcare sectors, it may carry a slightly higher risk. However, those with a higher risk tolerance can benefit from the potential returns.
Investors seeking sector diversification: If you’re looking to diversify your portfolio and add exposure to a growing sector like healthcare, this fund offers a suitable opportunity.
Conclusion
The Bajaj Finserv Healthcare Fund can be a suitable investment opportunity for those looking to capitalize on the massive growth potential of India’s healthcare sector. By starting an SIP investment or lumpsum investment in this fund, you can gain exposure to some of the most transformative trends shaping the future of healthcare. The NFO closes today, December 20th, so act quickly if you want to be a part of this exciting growth story. Whether you’re seeking long-term wealth creation, diversification, or exposure to healthcare megatrends, this fund provides a strategic way to invest in one of the country’s most favourable sectors.