Nature’s Shield: Unveiling the Power of Ayurvedic Sunscreen
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Nature’s Shield: Unveiling the Power of Ayurvedic Sunscreen

Nature’s Shield: Unveiling the Power of Ayurvedic Sunscreen

Ms. Roopali Bhardwaj, Co – Founder, Bindumatra

The sun’s kiss may be a poetic notion, but its ultraviolet (UV) rays pose a significant threat to our skin’s health. Sunburns, premature aging, and even skin cancer can all be linked to excessive sun exposure. This is where sunscreen comes in – a vital line of defense against the sun’s harsh effects. But with a plethora of options available, choosing the right sunscreen can be overwhelming.

In this quest for sun protection, Ayurvedic sunscreen emerges as a compelling choice, offering a natural and holistic approach to sun care. Let’s delve deeper and explore why Ayurvedic sunscreen might be the perfect fit for you.

The Ayurvedic Advantage

Conventional sunscreens often rely on chemical filters to absorb UV rays. While effective, these chemicals can sometimes irritate sensitive skin and raise concerns about their long-term impact. Ayurvedic sunscreens, on the other hand, take a different approach. They utilize the power of natural ingredients that physically block UV rays, forming a protective shield on your skin.

This natural approach offers several advantages:

Gentler on Skin: Ayurvedic sunscreens are formulated with soothing and nourishing ingredients, making them ideal for sensitive skin types. They are less likely to cause irritation or allergic reactions.
Holistic Protection: Ayurveda emphasizes the interconnectedness of mind, body, and spirit. Ayurvedic sunscreens often incorporate ingredients that not only protect from UV rays but also nourish and improve the overall health of your skin.
Rejuvenating Properties: Many Ayurvedic sunscreen ingredients possess inherent antioxidant and anti-inflammatory properties. These can help combat free radical damage caused by sun exposure and promote a youthful appearance.

A Look Inside the Ayurvedic Arsenal

The true magic of Ayurvedic sunscreens lies in their unique blend of natural ingredients. Here are some key players and their benefits:

Zinc Oxide & Titanium Dioxide: These minerals form the foundation of physical sun protection in Ayurvedic sunscreens. They sit on the surface of the skin, reflecting and scattering UV rays.
Coconut Oil: A natural moisturizer, coconut oil nourishes the skin and keeps it supple. Its antimicrobial properties can also be beneficial.
Almond Oil: Rich in vitamin E, almond oil soothes sunburns and promotes skin healing.
Ashwagandha: This adaptogenic herb helps manage stress, which can worsen sun damage.
Aloe Vera: Known for its cooling and hydrating properties, aloe vera soothes sunburns and promotes skin repair.
Neem: This herb possesses antibacterial and antifungal properties, making it ideal for acne-prone skin.
Gotu Kola: This herb helps improve collagen production, promoting skin elasticity and reducing wrinkles.

Choosing the Right Ayurvedic Sunscreen

With a diverse range of Ayurvedic sunscreens available, selecting the right one becomes crucial. Here are some key factors to consider:

Skin Type: Ayurvedic sunscreens are often formulated for specific doshas (Vata, Pitta, Kapha) in Ayurvedic medicine. Identifying your dosha can help you choose a sunscreen with targeted ingredients to address your specific skin concerns. For instance, Pitta-dominant individuals might benefit from a sunscreen with cooling ingredients like aloe vera and sandalwood, while Vata-dominant skin might prefer a richer formula with almond oil and ghee.
SPF & Broad Spectrum: Look for an SPF (Sun Protection Factor) of 30 or higher for everyday use. Opt for a broad-spectrum sunscreen that protects against both UVA and UVB rays.
Ingredients: Carefully read the ingredient list. Choose a sunscreen with natural and organic ingredients and avoid those containing chemicals like oxybenzone or octinoxate.
Texture & Application: Consider your preference. Lotions are ideal for normal to oily skin, while creams are better suited for dry skin. Gels offer a lightweight option for those who dislike greasy textures. Ensure the sunscreen applies smoothly and leaves no white cast.

Beyond Sun Protection: A Holistic Approach: Sun protection goes beyond just sunscreen. Here are some additional Ayurvedic practices to complement your sunscreen use:

Diet: Consume antioxidant-rich fruits and vegetables to combat free radical damage caused by sun exposure.
Hydration: Drink plenty of water throughout the day to keep your skin hydrated and healthy.
Clothing & Accessories: Wear protective clothing like hats and long sleeves when spending extended periods outdoors.
Seek Shade: Limit your time in direct sunlight, especially during peak hours (10 am to 4 pm).

Remember, choosing the best Ayurvedic sunscreen depends on your individual skin type and needs. Consider factors like SPF, ingredients, and texture when making your decision. By embracing the power of plants and a holistic approach to sun care, you can achieve healthy, glowing skin year-round.

Microsoft-ByteXL led HackXcelerate 2024 closes with announcement of winners at Chaitanya Bharathi Institute of Technology
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Microsoft-ByteXL led HackXcelerate 2024 closes with announcement of winners at Chaitanya Bharathi Institute of Technology

Microsoft-ByteXL led HackXcelerate 2024 closes with announcement of winners at Chaitanya Bharathi Institute of Technology

Hyderabad, 29 April 2024: The two-day Microsoft-ByteXL led hackathon titled ‘HackXcelerate 2024’ closed today with the announcement of the winning teams. The first prize worth Rs. 1,50,000 was bagged by Team ‘Code Sarathi AI’ from Anurag University. Team ‘First Prize Winners’ from Chaitanya Bharati Institute of Technology walked away with the 2nd Prize worth Rs.75,000. Team Tech-AI from NKOrchid College of Engineering and Technology from Maharashtra won the 3rd prize worth Rs. 50,000. A special certificate was awarded to team 1o1 from CVR College of Engineering owing to their extraordinary performance.

Over 139 teams from across the country had registered for the event, but only 50 teams were shortlisted the hackathon challenge. The two-day hackathon that inaugurated on 26th April was aimed at igniting creativity and enhancing problem-solving skills through AI among students in a bid to make them industry ready. The event has been touted as revolutionizing engineering education and IT skilling by innovative thinking and bringing novel problem-solving to the table.

The event was graced by Guests of HonorsMr. Adithya Saladi – Software Consultant, Microsoft; Mr. Sricharan Tadepalli -CSO and Co-Founder,byteXL andProfessor Dr. CV Narasimhulu – Principal, Chaitanya Bharati Institute of Technology (CBIT); Dr. NLNReddy – Director, Career Development Council, Chaitanya Bharathi Institute of Technology.

More than 2,000 B.E and B.Tech. students fromvarious engineering colleges and universities across India had come to crack Real-life problem-solving projects, benefit from the Key sessions, and gather industry inputs from the technology experts. They showcased their ingenuity and collaborated on innovative solutions to real-world challenges. Students exhibited holistic vision and intent to immerse themselves in a 24-hour marathon of coding, designing, and project building.

Some of the titles for the problem-solving projects are ‘AI-Driven Financial Fraud Detection System’, ‘Eco-Commerce Optimization Tool’, ‘AI-Enhanced Diagnostic and Treatment Planning System’, ‘Smart Lifestyle Companion’, ‘Sustainable Urban Planning AI Tool’, ‘AI-Powered Personalized Learning Assistant’, ‘Optimizing Data Highways – Automated Database Enhancements’ and ‘Visualizing the Game – Making Sports Inclusive and Engaging’.

This hackathon presented a unique opportunity for participants to push the boundaries of their skills and creativity while tackling pressing issues across various domains. With a focus on fostering innovation and nurturing talent, HackXcelerate 2024 aimed to empower the next generation of technologists to drive positive change in society.
ByteXL’sCSO and Co-founder Sricharan Tadepallispoke about the success of the hackathon, “There were impressive pitches, great ideas, which I hope the students build and figure out the right investor to take that end-to-end product. ByteXL will be of help in building a viable product. Mentoring 50 teams is not a simple task, but the dedicated mentors too showed their support throughout the hackathon. The aim was to build a project that the students can talk about during the interviews while applying at companies.”

Mr. Adithya Saladi – Software Consultant, Microsoft“It was very encouraging to see the level of enthusiasm the participants showed working through the hackathon day and night trying to crack the challenge to their best of abilities. Microsoft will take their step forward to support these students in building their product.”

Announcing consolation prizes worth Rs. 10,000 on behalf of CBIT, Professor Dr. CV Narasimhulu – Principal, CBIT said,“Students were cheerful throughout and working their way through the hackathon challenge. It was heartening to see their enthusiasm. We are always there to encourage our students and support them through these programmes.”
The grand award ceremony closed with felicitation of the Guests of Honour with shawl and memento.

Royaloak Furniture on Expansion Spree, launches its 169th Store in Bhimavaram, Andhra Pradesh
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Royaloak Furniture on Expansion Spree, launches its 169th Store in Bhimavaram, Andhra Pradesh

Royaloak Furniture on Expansion Spree, launches its 169th Store in Bhimavaram, Andhra Pradesh

Andhra Pradesh, Bhimavaram, 29th April 2024: Royaloak Furniture, India’s renowned furniture brand, has further solidified its presence in Andhra Pradesh with the inauguration of a new store in Bhimavaram. With this, the brand marks an impressive 169th store opening in the country. The grand opening ceremony was honored by the esteemed presence of Mr. Vijai Subramaniam, Chairman of Royaloak Incorporation Pvt. Ltd., Mr. Mathan Subramaniam, Managing Director, Royaloak Incorporation Pvt. Ltd, Mr. Grandhi Srinivas, Honorable MLA & Government Whip, Bhimavaram Constituency, and Mr. Koyye Moshenu Raju, Chairman of Andhra Pradesh Legislative Council. This expansion underscores Royaloak’s commitment to providing quality furniture solutions to the people of Andhra Pradesh.

The grand launch event also witnessed guests from the Royaloak team, including Mr. Vijai Subramaniam, the Chairman of Royaloak Furniture, Mr. Mathan Subramaniam, Managing Director, Mr. Kiran Chhabria, the Franchise Head, Mr. Angara Nagendra Babu, State Head – AP & TS, Mr. Thammaiah Kotera, Head – VM & NSO, as well as Mr. Suryaa, Franchise Manager.

Set against the backdrop of spirited melodies of drums performed by the local band, the guests exuded enthusiasm as they orchestrated a magnificent grand launch event. The distinguished guests were warmly embraced into the festivities, signifying an extraordinary beginning to this thrilling new chapter.

Covering an impressive 18000 square feet, this store boasts an extensive array of furniture for every part of the home, including living rooms, bedrooms, dining areas, and more. Bhimavaram’s residents can now discover a wide variety of both stylish and functional furnishings. Royaloak is a go-to destination for all home furnishing needs, that offers sofas, beds, dining tables, chairs, recliners, mattresses, interior decor items, and a comprehensive selection of office and outdoor furniture, all conveniently located in their neighborhood. This store adds to the brand’s presence in Andhra Pradesh making it 14 stores in the region.

Speaking at the launch event, Mr. Vijai Subramaniam, Chairman, Royaloak Furniture said, “Today marks an exceptional day for the entire Royaloak team as we continue to grow, celebrating the inauguration of our 169th store. We are genuinely excited about our expansion in Andhra Pradesh, especially with our latest store launch in Bhimavaram. This underscores Royaloak’s dedication to providing top-quality furniture at accessible prices to our valued customers. I extend my best wishes to the franchise owners as we eagerly anticipate serving customers and assisting them in finding the ideal pieces to complete their dream homes”.

The store boasts a carefully curated and exclusive ‘Country Collection,’ showcasing the finest and most unique furniture selections from countries such as the United States, Italy, Malaysia, and India. Through its dedicated standalone stores, Royaloak aspires to elevate the aesthetic appeal of homes with its modern, luxurious, and budget-friendly furniture offerings. The brand has been fulfilling the lifestyle requirements of its expansive customer base, exceeding 10 million individuals.

With a network of over 200 immersive retail outlets nationwide, Royaloak has established a robust presence in more than 116 key locations, including Hyderabad, Vijayawada, Visakhapatnam, Mumbai, Kolkata, Chennai, New Delhi, Bangalore, Bhopal, Ahmedabad, Guwahati and Kochi.

VISION IAS Conducts seminar on UPSC Preperation in Hyderabad
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VISION IAS Conducts seminar on UPSC Preperation in Hyderabad

VISION IAS Conducts seminar on UPSC Preperation in Hyderabad

Hyderabad April 29th 2024: The Civil Services Examination (CSE) is a nationwide competitive examination in India conducted by the Union Public Service Commission for Recruitment to higher Civil Services of the Government of India, including the Indian Administrative Service, Indian Foreign Service, and Indian Police Service.

Vision IAS conducting a seminar on UPSC preparation, strategy by our student who secured All India Ranks 36 and 50.

Ms Ayushi Pradhan secured AIR – 36 in her 3rd attempt in 2023, with Anthropology as her optional. She had reached the interview in her first attempt and secured 231st rank in 2022. Hailing from Odisha, Ayushi’s path to success is marked by relentless dedication and unwavering focus. With each attempt, she navigated the challenging terrain of the UPSC examinations, overcoming obstacles with resilience and grit.

K.N. Chandana Jahnavi, originally from Hyderabad, Telangana, achieved AIR 50 in UPSC CSE 2023 on her third attempt, with sociology optional.

Her educational background includes a bachelor’s in chemical engineering from BIT Mesra and a master’s in business administration from IIM Indore.

Her journey includes three attempts, three selections, and three different services. In her first attempt (CSE 2020), she joined the Indian Corporate Law Service while she secured Indian Revenue Service (Income Tax) with AIR 313, in her second attempt (CSE 2022).

Jahnavi’s remarkable achievement stands as a testament to her indomitable spirit and serves as an inspiration to aspirants across the nation.

Indian School of Hospitality- BBA In Hospitality Management in Alliance With Les Roches
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Indian School of Hospitality- BBA In Hospitality Management in Alliance With Les Roches

Part of Sommet Education, Indian School of Hospitality (ISH) in Gurugram is an institution of higher education focused on reimagining hospitality education for today’s generation and tomorrow’s businesses. The ISH philosophy is to impart lifelong skills to students to help them succeed as leaders of tomorrow – giving them the tools they need to shape one of the biggest industries worldwide.

Programme Overview:

Embark on a transformative educational journey with the Indian School of Hospitality’s BBA in Hospitality Management programme. This comprehensive four-year programme offers much more than just hotel management, as it combines the art of hospitality with the science of business. It empowers students to hone their skills, enhance their leadership abilities, and nurture their entrepreneurial spirit while offering them a plethora of opportunities in some of the world’s most dynamic industries.

Graduates of this course can explore a range of career paths in hotels, luxury retail, consulting, luxury real estate, startups and travel, making it an excellent choice for those who aspire to succeed in the most promising fields across the globe.

The four-year programme delivers a BBA in Hospitality Management degree conferred by Gurugram University, augmented by an international certificate from Les Roches. After completing the 6th semester at ISH and receiving a degree from Gurugram University, students can opt for a transfer to Les Roches campuses in Switzerland or Spain to commence the 7th semester.

This will allow them to receive a second bachelor’s degree, a BBA in Global Hospitality Management. Moreover, students also have the option to transfer to Les Roches campuses in the 4th semester and receive a bachelor’s degree, BBA in Global Hospitality Management from Les Roches.

Duration of the Programme:

The BBA in Global Hospitality Management spans 3/4 years, including an industry internship in India, Switzerland, and Spain for unprecedented, hands-on exposure to the global hospitality industry. The programme’s areas of specialisation include:

· Marketing: Delve into the world of hospitality marketing, where you’ll learn about branding, digital marketing, and consumer behaviour. This specialization equips students for roles in marketing management, public relations, and event planning within the hospitality sector.

· Hospitality Entrepreneurship: Designed for aspiring entrepreneurs, this track focuses on the essentials of starting and managing successful hospitality ventures. Learn about business planning, innovation, and leadership in the context of the hospitality industry.

· Finance: Gain specialized knowledge in financial management, revenue management, and investment strategies specific to the hospitality industry. This specialization prepares students for careers in financial analysis, asset management, and hospitality consulting.

· General: A versatile option for students who wish to gain a comprehensive understanding of hospitality management. This track allows students to explore various aspects of the industry, from operations and service management to human resources and sustainability in hospitality.

Each specialization is crafted to provide a deep dive into the specific facets of hospitality management, combining theoretical knowledge with practical application through internships, industry projects, and case studies

Eligibility Criteria

To apply for ISH’s BBA in Hospitality Management, students must meet the following eligibility criteria.

The BBA in Hospitality Management Programme is designed to nurture the next generation of Hospitality leaders. It is open for aspirants who have completed 12th-standard from CBSE, ICSE or any State Board with a minimum of 50 percent marks with English as one of the subjects. The admissions for 2024 will commence from August.

In the case of International Baccalaureate students, a diploma is the minimum requirement. International Baccalaureate certificate students are not eligible for admission.

In the case of Cambridge University students (GCE/IGCSE/GCSE examinations of the approved British Examination Bodies), ‘A’ Level certificate is the minimum requirement with 5 (Five) subjects in A, B, C Grades including English at Ordinary (‘O’) Level and 2/3 (Two/Three) subjects at Advanced Level.

Candidates in their 12th standard or equivalent class can also apply, provided they would be completing their final examination before 30th May, and can produce their 12th passing certificate / mark sheet before 31st August. Admission of such a candidate shall be strictly provisional until they submit the qualifying certificates before the prescribed last date.

Early applicants will also have the chance to receive significant scholarships and financial aid.

Programme Fee:

Composite Fee: 8,40,324
Indicative Student Accommodation and Meal: 3,05,000
Last date of Application: 30th April 2024

An Oasis of Fun for Kids: Jus’ Jumpin’, India’s Ultimate Playland, Now at Urban Square Mall
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An Oasis of Fun for Kids: Jus’ Jumpin’, India’s Ultimate Playland, Now at Urban Square Mall

An Oasis of Fun for Kids: Jus’ Jumpin’, India’s Ultimate Playland, Now at Urban Square Mall

Urban Square Mall, Udaipur’s largest shopping and entertainment destination, announced its exciting partnership with Jus’ Jumpin’- India’s Ultimate Playland. Marking its debut in Rajasthan, Jus’ Jumpin’ is a trampoline park offering an unparalleled experience for kids up to 11 years old, and the opening of its 11th store in Udaipur is no exception.

With an expansive 2022 sq. ft. space, the addition of Jus’ Jumpin’ at Urban Square Mall redefines playtime for little ones. Offering an array of unique and thrilling rides and entertainment options, each visit promises a roller coaster of excitement for all kids. In addition to its exciting attractions, Jus’ Jumpin’ offers irresistible birthday packages designed to make every child’s birthday celebration memorable.

Excited about this partnership with Jus’ Jumpin’, Mr.Uddhav Poddar, Managing Director, Bhumika Group, expressed, “We are happy to welcome Jus’ Jumpin’ to Urban Square Mall, further enhancing our commitment to providing unparalleled entertainment experiences for families in Udaipur. Jus’ Jumpin’ is more than just a trampoline park; it’s an oasis of fun where kids can unleash their imagination and boundless energy. We are confident that the addition of Jus’ Jumpin’ will elevate the mall’s offerings and create lasting memories for families.”

RMS Business School Launches Innovative PGDM and MBA Programs Offering Flexibility and Professional Growth
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RMS Business School Launches Innovative PGDM and MBA Programs Offering Flexibility and Professional Growth

RMS Business School Launches Innovative PGDM and MBA Programs Offering Flexibility and Professional Growth"

Gurugram, India: In a pioneering move, RMS Business School, under the visionary leadership of *Dr. Subhash Chander Yadav, Chairman of RMS Group of Colleges*, has unveiled its latest offerings: Post Graduate Diploma in Management (PGDM) and Master of Business Administration (MBA) Corporate. These programs stand out for their unique blend of offline and online learning modes, coupled with the opportunity for students to engage in part-time employment during their academic journey.

“RMS Business School is dedicated to staying ahead of the curve in providing relevant and dynamic educational opportunities,” remarked Dr. Yadav. “Our newest programs cater to the evolving needs of students and industries alike, ensuring a seamless transition into the professional realm.”

At RMS, the focus remains steadfast on providing an edge to students through a blend of theoretical knowledge and practical exposure. “Our courses are meticulously crafted to align with industry demands,” explained *Gaurav Choudhary*, a representative of RMS Group of Colleges. “This ensures that our graduates are not just job-ready but also equipped to excel in their chosen fields.”

What sets RMS apart is its unwavering commitment to student success. *Dr. Sweety Gover*, another key figure at RMS, highlighted the institution’s 100% Placement Assurance. “Through strategic tie-ups and MoUs with leading industries and training partners, we guarantee our students a pathway to fulfilling careers,” she affirmed. “Our ‘Earn While Learn’ scheme further bolsters this promise, providing students with paid internships to complement their academic endeavors.”

In addition, RMS also provides financial assistance to its students in the form of educational loans and scholarships. The RNRM College Campus in Pataudi, another campus of RMS, offers courses such as B.Ed, D.EL.Ed., D Pharma, B Pharma, BBA, and BCA, which have been running successfully.

Furthermore, RMS Business School prides itself on its international outreach initiatives. “We believe in broadening horizons,” Dr. Yadav added. “Through student exchange programs in Dubai, Singapore, and Malaysia, we offer invaluable global exposure, enriching the learning experience and preparing our students for the international stage.”

With a diverse array of specializations such as Human Resource Management, Financial Services, Business Analytics, Supply Chain Management, Health Care Management, and Aviation Management, RMS ensures that students have the opportunity to tailor their education to their career aspirations.

Admissions to the PGDM and MBA Corporate programs are conducted through a rigorous selection process, evaluating academic performance, participation in competitive exams, group discussions, and personal interviews. This ensures that only the most driven and talented individuals are welcomed into the RMS family.

As RMS Business School continues to pioneer innovative educational models, it reaffirms its position as a beacon of excellence in the field of management education, empowering the leaders of tomorrow to shape a brighter future.

XIM UNIVERSITY 8 th UG Convocation-27th April 2024
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XIM UNIVERSITY 8 th UG Convocation-27th April 2024

XIM UNIVERSITY 8 th UG Convocation-27th April 2024

XIM University, Bhubaneswar organized its eighth convocation on 27th April 2024 with great elan and grandeur. 421 undergraduate students were conferred with degrees in their respective disciplines. The undergraduate convocation ceremony stands as a pinnacle moment in the academic journey of every student in the University. It is a celebration of years of hard work, dedication, and achievement. XIM University, Bhubaneswar has emerged as a leading institution dedicated to fostering academic excellence, ethical leadership, and social responsibility and this convocation represents another triumph in the journey of shaping yet another cohort of young minds.

This year, the University was honored to host Mr. Sonam Wangchuk, the visionary Indian figure renowned for his innovative solutions and dedication to social change as the Chief Guest and Convocation Speaker. Trained as a mechanical engineer, Mr. Wangchuk has dedicated the past three decades to pioneering education reform. He stands as an Indian engineer, entrepreneur, and advocate for transformative change in education. He is the founders of Himalayan Institute of Alternatives, Ladakh (HIAL)which aims to encourage learning via practical application of knowledge.In 1988, he along with his peers established The Students’ Educational and Cultural Movement of Ladakh (SECMOL) with the mission of providing support to Ladakhi children and youth, particularly those labelled as academic underachievers, by offering training and educational opportunities.In his address he emphasised that one needs to be a Problem – Solver. The world is full of problems and if you are able to solve them, you are a true leader. The three pillar’s of a successful and purposeful life is Curiosity, Empathy and Spirit of Initiative. He ended the speech on a very motivating note: Take initiative, gain experience, this leads to more confidence and ultimately leads to success.Ms. Gitanjali JB who is the co-founder, CEO and Dean of HIAL was also present for the event. She is an alumna of Xavier Institute of Management, Bhubaneswar, Batch of 1996.

Among the eminent dignitaries present were Fr. Antony R. Uvari, S.J., Vice Chancellor, XIM University, Fr. S. AntonyRaj S.J., Registrar, Fr. V. Arockia Das, S.J., Chief Finance Officer, XIM University, Prof. Andrew Dutta, Acting Controller of Examination, Deans of different schools and officials of XIM University. A few distinguished Board Members also honoured the occasion with their presence.

Prof. Sutapa Pati, Dean –the School of Sustainability welcomed all the students, parents,
dignitaries, and guests.

Father Antony R. Uvari, S.J., Vice Chancellor of XIM University, extended gratitude to Mr. Sonam Wangchuk for gracing the event and addressing the university stakeholders.

The Chief Guest presented Medals for Academic Excellence to the top rank holders from various schools. The event endedon a successful note with the vote of thanks delivered by Fr. S. Antony Raj, S.J., the Registrar.

CSB Bank Limited Financial Results for the Quarter Year ended March 31, 2024
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CSB Bank Limited Financial Results for the Quarter Year ended March 31, 2024

CSB Bank Limited Financial Results for the Quarter Year ended March 31, 2024

The Board of Directors of CSB Bank took on record the audited financial results for the 4thquarter (Q4 FY 2024) and year ended 31st March 2024, in their meeting dated 26.04.2024.

Highlights

 

  1. Profit After-tax: Bank recorded a Net profit of Rs 567 Crs for the year ended 31st March 2024as against a net profit of Rs 547 Crs in FY 23. Net profit improved by 4% on a Y-o-Y basis. Bank continued with its policy of maintaining accelerated provisioning during this quarter as well with few more stringent norms. RoA of the Bank is at 1.79% for FY 24.
  2. Strong Operating Performance: Operating profit of bank for FY 24 was Rs 780 Crs registering YoY growth of 10% as against Rs 707 Crs during FY 23. Q4 FY 24 operating profit grew YoY by 13% and stood at Rs 228 Crs as against Rs 202 Crs in Q4 FY 23.
  3. Net Interest Income (NII): Bank recorded a stable NII growth of 11% both on a YoY and quarterly basis. NII forFY 2024& Q4 FY 24 stood at Rs 1476 Crs (Rs 1334 Crs for FY 2023)and Rs 386 Crs (Rs 349 Crs for Q4 FY 23) respectively.
  4. Non-Interest Income for FY 2024 saw an impressive growth of 85% over FY 2023 mainly due to increased Fee Income, Forex income, Treasury Profits etc. On a quarterly basis ie, Q4 FY 24 vs Q4 FY 23, non- interest income has registered a growth of 56%
  5. Cost Income Ratio for Q4 FY 24 stood at 60.86% as against 57.45% for Q4 FY 23 and the corresponding ratio forFY 2024 was at 62.15% as against 57.12% for FY 23. The increase in CIR is mainly due to the massive investment made by the bank in building the new systems, processes, distribution, IT upgradations etc., to scale up its activities eventually as a part of SBS 2030.
  1. Healthy Asset Quality & Provisioning

Gross NPA and Net NPA ratios are at 1.47% and 0.51% respectively as at 31.03.2024

Particulars Q4 FY 24 Q3 FY 24 Q2 FY 24 Q1 FY 24 FY 23
Gross NPA % 1.47% 1.45% 1.65% 1.79% 1.26%
Net NPA % 0.51% 0.31% 0.33% 0.32% 0.35%
Provisioning Coverage Ratio 86.44% 91.85% 91.75% 92.54% 92.11%
  1. Robust Capital Structure – Capital Adequacy Ratio is at a healthy level of 24.47%, and is well above the regulatory requirement.
  2. Comfortable Liquidity Position – Liquidity Coverage Ratio is comfortable at 117% (average basis)
  3. Total Deposits grew by 21 % YoY. CASA book is at Rs 8085 Crs with a share of 27.20%
  4. Advances (Net) grew by 18% YoY to Rs 24336 Crs as on 31.03.2024with a CD ratio of 82%

Performance Highlights:

 

(Rs Crore) Q4 FY 24 Q4 FY 23 Inc/

Dec%

 Q3 FY24 QoQ% Growth FY 24 FY 23 Inc/

Dec%
Interest Income 794.87 636.50 25% 761.84 4% 2,927.54 2,319.65 26%
Interest Expense 408.84 288.05 42% 379.17 8% 1,451.13 985.80 47%
Net Interest Income 386.03 348.45 11% 382.67 1% 1,476.41 1,333.85 11%
Treasury Profits 17.13 7.70 122% 12.56 36% 47.65 2.44 1851%
Other Income 179.38 118.29 52% 112.78 59% 536.64 313.24 71%
Total Non-Interest Income 196.51 125.99 56% 125.34 57% 584.29 315.68 85%
Net Operating Income 582.54 474.44 23% 508.01 15% 2,060.70 1,649.53 25%
Staff Cost 190.01 153.34 24% 172.81 10% 714.71 552.82 29%
Other Opex 164.53 119.22 38% 139.33 18% 566.07 389.31 45%
Total Opex 354.54 272.56 30% 312.14 14% 1,280.78 942.13 36%
Operating Profit 228.00 201.88 13% 195.87 16% 779.92 707.40 10%
Provisions other than Tax 21.61 -9.20 -4.54 18.48 -26.21
PBT 206.39 211.08 -2% 200.41 3% 761.44 733.61 4%
Tax 54.93 54.74 0% 50.44 9% 194.62 186.25 4%
PAT 151.46 156.34 -3% 149.97 1% 566.82 547.36 4%
Deposits 29,718.80 24,505.81 21% 27,344.83 9% 29,718.80 24,505.81 21%
Advances(Net) 24,335.58 20,650.65 18% 22,658.16 7% 24,335.58 20,650.65 18%
CASA 8,084.41 7,886.26 3% 7,542.62 7% 8,084.41 7,886.26 3%
Gold(Net) 11,796.98 9,681.05 22% 10,817.06 9% 11,797.98 9,681.05 22%
CASA% 27.20% 32.18% -5% 27.58% – 27.20% 32.18% -5%

 

CEO Speak:

Speaking about the performance Mr. Pralay Mondal, Managing Director & CEO said, “This is the second year of our SBS 2030 vision. In a journey like this what is more important is relentlessly pursuing the vision set in enjoying the ups and surfing through the challenges as a team. Despite the challenges posed by the economic conditions, regulatory changes, liquidity constraints, increased competition etc., we got our priorities right and could post reasonably good numbers. 

We could register a net profit of Rs 567 Crs; backed by a 20% growth in Business; 18% net loan book growth and 21% deposit growth. We continued to grow faster than the average industry growth trends in both deposits and advances. Our operating profit recorded a growth of 11% supported by growth in NII and other income.  Key indicators like NIM, CRAR, RoA, NPA ratios etc. continue to be strong. We continued our efforts in building the distribution by opening another 76 branches. 

The most critical milestone that we look forward to in FY 25 is the roll out of phase I of CBS migration and the right execution will act as a catalyst in our progressive journey.  We will be strengthening the SME & Corporate segments and strive for a better market share without losing our focus on retail including gold. Business mix will tilt towards the anticipated SME & WSBsegment and for the betterment of the Bank.

 

Embracing a Safety Mindset: Extending Beyond Workplace
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Embracing a Safety Mindset: Extending Beyond Workplace

Embracing a Safety Mindset: Extending Beyond Workplace

Attributed to Remya Thomas, Head – Human Resources and Admin, Embassy Services Pvt. Ltd.

As we commemorate World Day for Safety and Health at work, let’s keep in mind that safety isn’t just about following regulations; it’s about embracing a mindset that reaches beyond our workplaces. We must make safety a top priority in all facets of our lives. Safeguarding ourselves and those we care about is crucial, whether it’s adhering to traffic laws, wearing protective gear like helmets, or staying alert in all our endeavors. Every little step we take adds up to create a safer world for everyone.

At Embassy Services Pvt. Ltd., as stewards of property management entrusted with the safety and well-being of our clients and occupants, safety leadership is not just a responsibility; it’s a cornerstone of our operations. Our steadfast dedication to safety not only enhances the caliber of our services but also strengthens the sustainability and resilience of the properties we manage.

Moreover, mental well-being holds equal importance. Given that many of us spend a significant portion of our time at work, creating a supportive environment is crucial. Encouraging breaks, facilitating constructive dialogues, and nurturing an open culture are key elements in fostering mental wellness within the workplace. Let’s emphasize both physical and mental health, thereby ensuring a workplace that is safe and conducive to well-being for everyone.