ICAI promoting Start-up Ecosystem, Connecting Startup Community

The Institute of Chartered Accountants of India (ICAI) in association with StartUp India and Digital India is organising a two-day StartUP Sphere event on 27th June 2023 (Tuesday) and 28th June 2023 (Wednesday) at Jio World Convention Centre, Mumbai. The objective is to create awareness, help nurture ideas, enable capacity building and provide assistance for developing Startup ecosystem in India. 

Shri Uday Samant, Hon’ble Minister for Industries, Government of Maharashtra was the Chief Guest at the inauguration of ICAI StartUp Sphere 2023 program. On this occasion, he lauded ICAI initiatives to support and strengthen the capacity-building measures for the enhancement of the portfolio of MSMEs & Start-ups. He said, “It is a good opportunity for the Startups to come together on one platform and share their ideas. I am elated that it is happening in Mumbai and provided the state a chance to explore this area.”

The event witnessed panel discussions and thought-provoking sessions on various topics such as Governmental Eco System for Startups, New Avenues in Start Ups, Art and Science of Startup Valuation, and more. The event also encompassed a vibrant startup exhibition area featuring cutting-edge technologies, products, and services from various industries. The StartUP Sphere also had a startup ramp, a program on Maharashtra industrial policies, startup pitching program, investors meet, and many more.

On this occasion CA. Aniket Sunil Talati, President, ICAI said “ICAI has been actively involved in promoting and supporting startups, recognizing their importance in driving innovation, economic growth and job creation. ICAI Startup Sphere event aims to support and foster the growth of startups, thereby contributing to the development of a vibrant entrepreneurial ecosystem in the country.”

This year ICAI will be celebrating the 75th year of foundation of the institute and as a true partner in nation building ICAI had taken various measures to nurture and empower budding entrepreneurship, MSMEs and Startups in the country. ICAI was inducted into the India Book of Records for its initiatives MSME SETU and MSME Yatra which promoted Competitiveness and Capacity building of MSMEs. MoUs were signed to build an enabling ecosystem promoting entrepreneurship, Startups and MSMEs with the Government of Tamil Nadu, IIM Lucknow Enterprise Incubation Centre and Gujarat Student Startup & Innovation Hub (i-Hub). MoUs were also signed for capacity building with NIRD & Panchayati Raj, SCOPE, and Commissioner of Treasuries and Accounts, Government of Tamil Nadu. ICAI also had earlier launched various initiatives like Startup Manthan, ICAI Startup Samvad, startup portal (https://startup.icai.org/), startup incubation centres, certificate course on Startup, masterclass on startup etc. 

During the inaugural session today, CA. Ranjeet Kumar Agarwal, Vice-President, ICAI said, “Start-ups are centres of novel innovations, they generate jobs, which implies more career opportunities; more employment leads to a stronger economy, and a healthier economy has a direct bearing on the growth of cities where startups locate. StartUp Sphere program provides a unique opportunity for startups to connect with peers, industry experts and investors, and to gain insights into the latest trends and innovations in the startup ecosystem.”

Further CA. Dhiraj Khandelwal, Chairman, Committee on MSME & Start-up added “I invite all the aspiring entrepreneurs, investors, and innovators to StartUp Sphere. Engage in thought-provoking panel discussions led by industry experts and immerse yourself in interactive workshops. Chartered Accountants are leading the accounting, auditing and taxation roles, witness a significant shift in their role and now making their mark in the dynamic world of start-ups. Be part of this exclusive celebration of talent, passion, and ground-breaking ideas under one roof.”

This StartUP Sphere aims to bring together the startup community, partners, unicorns, influencers, founders, investors, leaders, and entrepreneurs under one roof and that provide a unique opportunity for startups to connect with peers, industry experts, and investors, and to gain insights into the latest trends and innovations in the startup ecosystem.

Speaking on Unique Document Identification Number (UDIN) CA. Aniket Sunil Talati said that the Governing Board of National Board of Accountants and Auditors (NBAA), Tanzania has approved the introduction of UDIN system in Tanzania. A request has been received from NBAA to share the step-by-step process for implementing the UDIN, as also to share ICAI’s experience and support for implementing UDIN in Tanzania.

UDIN Statistics: As on 13th June 2023, around 5.06 Cr UDINs have been generated and over 1.39 lakh Members have registered themselves on UDIN Portal. So far UDINs Generated 5,06,96,644 and Members Registered 1,39,750.

President ICAI also told that ICAI is in the process of coming out with a Guidance Note on Forensic Accounting and Investigation Standards. The Guidance Note will provide a comprehensive understanding of the Forensic Accounting and Investigation Standards issued by ICAI. It will also provide guidance on the interpretation and application of the Standards, as well as practical insights into the principles and methodologies involved in forensic accounting and investigation. 

CA. Aniket Sunil Talati, President ICAI talked about the Campus Placement Programme which is held twice a year and provides a platform to both the Newly Qualified Chartered Accountants (NQCAs) and the organizations looking to hire the best available talent to fulfil their Human Resource requirement. He said “This programme, being a one stop solution, offers a unique opportunity for employers to interact with the NQCAs, peruse the particulars of a huge pool of promising professionals and recruit the suitable one(s) who is found to be better than the best.” 

He added “The 56th edition of Campus placement Programme covered the candidates who had passed final examination held in May, 2022 examinations and candidates who passed final examination at the immediate previous examination, but did not register for the then-campus programme, were allowed to register. The interviews were successfully completed at 27 centres (9 major and 18 smaller) and 6 new smaller centres were added (Bhopal, Lucknow, Patna, Raipur, Ranchi & Vadodara). At all 9 bigger centres premier day slot were given, instead of the earlier practice of 5 bigger centres i.e. Delhi, Mumbai, Bengaluru, Chennai & Kolkata. Minimum CTC threshold was increased from Rs.6 LPA to Rs. 9 LPA at all existing 21 centres. For 6 new centres, minimum CTC was kept at Rs.7.2 LPA.”

About ICAI

The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. The Institute, functions under the jurisdiction of Ministry of Corporate Affairs, with more than 7.83 Lakh Students & over 3.78 lakh members, ICAI is one of the largest professional accounting bodies in the world, with a strong tradition of service to the nation. Today ICAI has wide network of 5 Regional Councils and 168 Branches in India. It has 46 Overseas Chapters and 33 Representative Offices and presence in 80 cities and 47 Countries of the world.

CELEBRATE THIS INTERNATIONAL YOGA DAY, THE OATS WAY!

International Yoga Day is a powerful reminder of the vital importance of overall well-being, encouraging individuals to embrace yoga as a key component of a balanced lifestyle. Since mornings tend to set the tone for the day, exercising and consuming a nutritious breakfast can help improve both your mood and your energy levels. Thus, planning your meal in advance can make all the difference to your schedule. 

Quaker has a delicious recipe that’s convenient, tasty and nutritious, all in one, supporting your journey to #BeTheRealFit. 

Combine the convenience of this overnight oats recipe with the spirit of International Yoga Day, and you have a perfect way to start your day on a nourishing and balanced note, along with enjoying a good yoga practice. This easy-to-prepare and tasty recipe is made with wholegrain oats, that provide lasting energy*, is a good source of fiber and protein, combined with the added goodness of chia seeds and fruits, for a wholesome start to the day. 

So, as you roll out your yoga mat and immerse yourself in the practice, knowing that a delightful and nutritious recipe awaits you.  

S. NO: ITEM QUANTITY 

1. Quaker Oats 1 cup

2. Milk 3/4th cup

3. Orange Juice 1/4th cup

4. Mixed berries (Blueberries, Mulberries, Raspberries.) 1 cup

5. Butter (Optional) As per taste

6. Honey (Optional) As per taste

7. Water 1/4th cup

8. Ground cinnamon 1/4th tsp

9. Chia seeds soaked in water 2 tbsp

10. Greek yogurt ½ cup

FOR ASSEMBLING IN THE JAR

 Mason Jar 250 ml

1. Overnight soaked Quaker Oats 1 cup

2. Berries compote As per preference

3. Chia seeds soaked 2 tbsp

4. Mint leaves for garnish Few

5. Berries (blueberries, raspberries, or sliced fresh strawberries.) ½ cup

6. Maple syrup or honey (optional) As per taste

INSTRUCTIONS: 

FOR SOAKING THE OATS OVERNIGHT

 Take Quaker Oats in a jar, pour milk and orange juice in it and let it soak overnight.

FOR BERRIES COMPOTE 

 Heat a saucepan, add some butter (optional) then add in berries like blueberries, raspberries, and mulberries etc. Cook with honey (optional) and some water, use a wooden ladle to mash the berries.

 Add cinnamon powder and let it cool down. 

FOR ASSEMBLING IN THE JAR 

 Take a mason jar, add in 2 tbsp of overnight soaked Oats at the bottom.

 Add a dollop of Greek yogurt on top and then add the berries compote over it.

 Repeat the layers one more time, then at the top add a small dollop of Greek yoghurt and arrange fresh berries for garnish and serve chilled.

UNCLE CHIPPS REIGNITES “BOLE MERE LIPS, I LOVE UNCLE CHIPPS”® WITH YASH RAJ MUKHATE

• Brand unites with music composer Yashraj Mukhate to recreate the timeless ‘Bole Mere Lips, I Love Uncle Chipps’® jingle  

• Sensational jingle has already garnered 168K views within an hour of going live, sparking a wave of escalating excitement 

Link to jingle – https://www.instagram.com/p/CtvfgFyuf9A/?hl=en

New Delhi, 21st tune 2023: For decades, Uncle Chipps has been bringing joy and excitement to countless snacking occasions. This irresistible potato chip snack has not only satisfied consumers’ taste buds but also made hearts sing along with its iconic jingle - Bole mere lips, I love Uncle Chipps!® Celebrating the unparalleled adoration for the brand, Uncle Chipps has collaborated with music maestro and internet personality, Yashraj Mukhate, to introduce the jingle in a brand-new and unique avatar.

This dynamic collaboration evokes a wave of nostalgia while reminding audiences of their enduring bond with Uncle Chipps, treating fans with an unforgettable experience. Known for his viral parodical videos, Yashraj has lent his musical expertise to craft a new rendition of the celebrated jingle. The video delightfully captures the universal feelings associated with brand, as Yashraj goes in for irresistible bites of Uncle Chipps, seamlessly synced with toe-tapping beats of the jingle.  

Sharing her enthusiasm on the reintroduction of the jingle, Saumya Rathor, Category Lead – Potato Chips, PepsiCo India, said, “The launch of the new Uncle Chipps jingle is an exciting moment for us all. A hit since the 90s, this jingle continues to resonate deeply even today with a massive fan following that spans across celebrities, consumers, and beyond. The revival of ‘Bole Mere Lips, I Love Uncle Chipps’ ®, is our way of celebrating the enduring universal love for the brand and the fandom that surrounds these delicious, crinkled potato chips. Yashraj Mukhate has exceptionally infused his musical prowess and unique style to create a rendition that captures the spirit of Uncle Chipps and the response thus far has been absolutely thrilling.” 

The catchy tunes of the composition have already struck a chord with the audience, amassing an impressive 168K views within an hour and an array of positive comments such as "Uncle Chipps chahiye", “Amaze”, “Uncle Chips…nostalgia”, "Wow, this is really good”, “My most fav chips and lovely jingle” and more. The launch of the new jingle will be followed by other multi-media activations. 

About Uncle Chipps:

Introduced in 1992, Uncle Chipps is a beloved potato chips brand under the umbrella of PepsiCo India. Recognized for its distinctive crinkle-cut texture, Uncle Chipps has won the hearts of snack enthusiasts nationwide. Available in two irresistible flavours – Spicy Treat and Plain Salted – Uncle Chipps has become a household name, celebrated for its unforgettable tagline, "Bole Mere Lips, I Love Uncle Chipps," ® which continues to resonate deeply with consumers even today. For the latest updates and exciting content, follow us on Instagram @unclechipps_india.

About PepsiCo India:

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.

Quench Botanics - new launches and introduction to new skincare trends

 

• How To Transition Your Skincare Routine for The Upcoming Monsoon Season!
• 5 Reasons Why You Should Switch To Cruelty-Free Skincare
• No More Cakey Makeup: Here’s How To Prep Your Skin For A Flawless Look
• Dry Skin Vs Dehydrated Skin: Here Is The Difference

 

 

5 Reasons Why You Should Switch To Cruelty-Free Skincare

We know it’s easy to reach for hyped products without putting much thought into what goes into making it. However, with so much awareness about what goes into what we put on our skin, it’s time to take notice.

With the current change in beauty trends and people becoming aware of the intensity of these testing methods, cruelty-free brands have now become quite popular. To put an end on using animal tested, skincare we need to know why is there a need to do. Team of experts from Quench Botanics lists down 5 reasons on why one should switch to cruelty-free skincare. 

Animal Testing for Cosmetics and Skincare Is Unnecessary

Cosmetic companies already have a list of over 7,000 ingredients that are already proven to be safe. More humane alternatives are out there and technology has made them only better and more accurate. These include Vitro diagnostics, cell culture tests and computer modelling. There is sufficient existing safety data to render animal testing for products obsolete.

It’s More Sustainable

Being more mindful of what we consume is always a good thing. Moreover, animal testing labs produce considerable quantities of toxic waste that is extremely damaging to the environment. Plus, with mindful consumption, we buy only the things we need, reducing waste.

Saves Lives, Quite Literally

The influx of cruelty-free products means that companies are slowly but surely adopting more ethical practices and shutting down animal labs, sparing lives. This helps preserve eco-spheres and prevents species extinction. A lot of cruelty-free companies also donate to green causes!

It’s Better for Your Skin

Cruelty-free skincare uses fewer chemicals than most animal-tested brands. These ingredients are tried and tested over a long time and have been proven safe through other methods of testing. Plus, you don’t have to live with the death of a cute bunny on your conscience!

You’ll Be Supporting other businesses

A lot of brands test on animals. Switching to cruelty-free brands help support causes close to your heart. You’ll be contributing to your country’s economy as well. You will have a plethora of brands to pick from, as more and more companies are choosing to forgo animal testing.

Plus, there is the added benefit of feeling great knowing that you’ve made a positive difference in the world! 

Dry Skin Vs Dehydrated Skin: Here Is The Difference

Many of us struggle from dry skin at some point or at times its an ongoing problem. And that we need to invest in certain skincare products that can take care of this. Then, there are others who have been told their skin is ‘dehydrated’. You may have seen dry and dehydrated used interchangeably, but they are not the same thing. Team of experts from Quench Botanics elaborate on the difference between dry & dehydrated skin. 

Dry Skin

Dry skin lacks oil. This is usually a permanent condition as it is a skin type. This skin type is characterized by your sebaceous glands not secreting enough sebum. As a result, the skin barrier doesn’t get enough lipids to lubricate the skin. This usually causes flakiness and redness, making the skin appear rough, cracked and leathery. 

Dehydrated Skin 

Dehydrated skin lacks moisture content. Unlike dry skin, it is a skin condition and can be ‘fixed’ – anyone can experience dehydrated skin – yes, even oily skin! Dehydrated skin looks flat and dull and can show flaking in patches. It also shows up as fine lines. It is usually caused by change in seasons, harsh weather, and stress and sun damage.

How to treat dry & dehydrated skin? 

Steer clear of cleansers that leave your skin dry and stretchy. Instead, go for cream cleansers or cleansing balms that are loading with good fatty acids and oils that’ll help plump your skin as it cleanses it gently. 

Make sure you are drinking at least 2-3 litres of water! It really does reflect in your skin. If it is summer, you may require more water. Set a reminder to drink water every hour to avoid that dehydration.

For a dehydrated skin, humectants, ingredients that help pull moisture into your skin. Hyaluronic acid and glycerin are great humectants and are especially amazing for dehydrated skin. Try the fast-absorbing Mama Cica Dark Spot Correcting Ampoule which contains hydrating ingedients like cica, hyaluronic acid, lotus root and Korean ginseng.

No More Cakey Makeup: Here’s How To Prep Your Skin For A Flawless Look

 

The road to smooth, non-cakey makeup is quite bumpy (pun intended). Who knows what’s sitting on your skin before you slather your face with foundation? And obviously, just using a cleanser is not sufficient for that clean look! So, think of your skin as a blank canvas. The smoother the canvas is, the better the painting will look. For that, you have to weed out everything that is coming in the way – oiliness, congestion, dullness, dryness, large pores and oh the list goes long. 

Quench Botanics team of experts will help you prep your skin before make-up that will ensure a glowy and a flawless look. 

Step 1: A Through Cleanse

Cleansing helps reset your skin. From dirt, grease, oil to pollution residue, anything that is sitting on your face will be taken care of. So, based on your skin type and concerns, you can pick a cleanser that suits you. For oily, acne-prone or combination skin, its’s best to opt for a non-stripping, gel-based cleanser. We recommend our Chialeader Shine Control Gel Face Wash and Mama Cica Pore Clearing Exfoliating Face Wash. They both contain pore-clearing and oil-balancing ingredients that control and prevent acne. For dry skin, try our Bravocado Pollution Rescue Cream Face Wash and Mesmerice Gentle Exfoliation Cream Face Wash, which are very hydrating.

Step 2: Can’t Do Without Exfoliation

Exfoliating before makeup not only gives you a clean, clear canvas to work with but also ensures that your makeup stays on for long. So, when a smooth makeup + glowing skin in your mind, nothing beats our Birch Please Intense Glow Gel Mask. It lends an instant glow and deeply hydrates skin. It contains salicylic acid that works on the skin's deeper layer to reveal fresh and firm skin. It bestows a lit-from-within glow that will peek through your makeup as well. The cooling gel consistency helps du-puff your face and the mellow fragrance will instantly calm and relax you.

Step 3: Time to Tone

After you’ve exfoliated, your pores have opened up to the world. Not using a toner post exfoliating will leave them open attracting dust, dirt and even makeup. Plus, a toner will ensure that your moisturizer is seeping into the skin and not just sitting on the surface. Indulge in our Yuzu Fine Vitamin C Brightening Toner and give your skin a makeover. It contains superfruit yuzu, which has 3X more vitamin C than lemons, niacinamide and ascorbic acid that brighten skin and lightens dark spots. Take some on your palms and pat it on your face and neck. Allow it settle into your skin before you move onto the next step.

Step 4: Hello Hydration

Moisturizer will always be non-negotiable. No matter whether it is outside, or what skin type you have. Smoothen your face with a hydrating moisturiser which not only offers intense hydration, but also sun protection with SPF 40+ PA+++. This is a genius way to reap the benefits of two products in one step. It’s non-sticky, non-greasy, non-oily and does not leave any white cast, which makes it perfect to apply under makeup.

Step 5: Brighten Up Your Eyes

The best way to avoid under eye concealer creasing? Use an eye cream! Depuff your eyes for a fresh, well-rested look with a hydrating undereye gel. A product that contains hyaluronic acid that tackles dryness and plumps the delicate under eye area. Just let it sit on under your eyes for 10 minutes and you’ll have instantly de-puff, fresh eyes! 

Step 6: Prime Time

Never jump right into your base makeup without applying a coat of primer. It acts like glue and increases your makeup’s stay and longevity. Plus, the pore-blurring effect allows your makeup to glide with ease and not settle into pores and fine lines. If you have oily or acne-prone skin, use a pore-perfecting and oil-controlling primer that prevents your makeup from melting. For those with dry skin, apply a hydrating primer which nourishes your skin and prevents dry patches from showing. If you have dull and lack-luster skin, then a brightening primer will be perfect for you. 

 

How To Transition Your Skincare Routine for The Upcoming Monsoon Season!

Just like the Earth is finally quenching its thirst in some parts of India after months of scorching heat, now it’s your skin’s turn to get its long-due TLC as well. That being said, navigating a skincare routine that can surpass common monsoon concerns like dullness, itching, and acne is a slippery road. 

So, as the temperature has stooped low, and the humidity has risen, Quench Botanics team of experts suggests few skincare swaps that will leave you with surprising skin results! 

Don't Just Cleanse, Double Cleanse

Monsoon is the breeding season for bacteria, and impurities to clog your skin and make it dull. The best way to tackle this? Use an oil-based cleansing balm to massage away all the baddies and get healthy pores and skin. Follow it up with a gel-based cleanser and your pores will shed some happy tears.

Embrace Water-based Skincare Products

Let it rain on your skin, with products that are high in water content. That means creams, moisturizers, serum or facial oils that are heavy on the skin, need to be tucked away for a while. Think hyaluronic acid and super-hydrating essences that hit the jackpot when talking about hydration. Our best pick? The Quench Botanics Birch Please Skin Soothing Clarifying Serum go amazingly-well together.

Incorporate Clay Masks

While sheet masks are the perfect way to end hot summer days, monsoon calls for deep cleansing, detoxifying and pore-purifying masks that sweep off dirt and grime. If your skin tends to get very oily during this season, then a clay mask is your saviour. It zaps excess oil, and draws out impurities to give you blemish-free, healthy skin.

On the other hand, if rainy seasons means dull skin to you, nothing surpasses a brightening clay mask or a cleanser. With brightening ingredients like cherry blossom, grapefruit and pearl, dull skin does not stand a chance.

Mists Out, Toners In!

The rain can wreak havoc on your skin if your pores aren’t prepped for it. To give them a helping hand and prevent clogging, indulge in Quench Botanics Matcha Better Pore Clearing Skin Tonic. This potent liquid gently exfoliates, unclogs pores, eliminates blackheads as well as hydrates the skin.

Pick A Gel-based Face Cleanser

During monsoon, when your skin is already undergoing a turmoil, treat it with a calming and nourishing gel-based face wash. Where foaming face washes are great to dissolving summer sweat and dirt, Quench Botanics’ Matcha Better Skin Detox Gel Face Wash deeply detoxifies with its biodegradable beads and revitalizes skin thanks to ingredients like mandarin orange peel oil, chamomile, and rose geranium oil.

 

TiE Mumbai announces TiECon Mumbai 2023

Unboxing India 3.0 – Anti fragile| Conscious| Innovating

Mumbai, 31 May 2023: TiE Mumbai has announced the 16th edition of its flagship conference - TiEcon Mumbai which will be held on the 2nd of June 2023 at the prestigious Jio World Convention Centre. BKC - India's largest and first state of the art Conference and Exhibition center. India stands at the forefront of a significant transformation that has caught the attention of the world. The country's focus on high-tech manufacturing, digital technology, knowledge capital, life sciences, and tech entrepreneurship has positioned it to lead the global revolution in a significant way. Given the current dynamic scenario of entrepreneurship in India, this year's conference will be based on the theme "Unboxing India 3.0 – Anti fragile| Conscious| Innovating". 

Ranu Vohra, President – TiE Mumbai said “India is poised to play a pivotal role globally, becoming the epicenter for High Tech Manufacturing, Supply of Knowledge Capital to the world, and providing the – fastest growing market for digital consumers. We want to explore these facets of India 3.0 and articulate the role of Startups and new age (tech & digital) businesses in developing this landscape. The environment of the last year including big moves in generative AI and environmentally friendly technologies have presented a large opportunity for Indian entrepreneurs. At TiEcon 2023, we intend to introspect & go back to basics and recalibrate business models for them to stand the test of time. We further want to rethink business and fund-raising strategies and hence create more robust companies.”

TiEcon Mumbai is the largest Entrepreneurial conference in the West of India, and it attracts all the key Industry Leaders from Mumbai and India, Startup Founders and Investors. TiEcon sees close to 3000+ people attending the conference. At the conference, TiE Mumbai is all set to take the plunge and capture the momentum of businesses that are emerging and thriving through the disruption cycles. It will investigate the nuances of the current global and technological disorder that is shaping a new mindset and breed of startups who are emerging stronger from these disruptive cycles.

“The focus of the conference is to integrate all the ecosystem players in the conference and dwell deeper into conversations on building efficient businesses and models that shall pave the way for a more mature industry. TiEcon 2023 will attract around 45+ India's leading Unicorns and the key focus of the conference would be $10T GDP, 850+ Soonicorns - Understanding their Journey, Emergence of Indian Decacorns, G20 opportunities, Unit Economics & Profitability in Ushering Amrit Kaal, New Horizons - AgriTech, HealthTech, Climate Action, FinTech & Smart Living, Innovate for India, Open AI/Chat GPT.” said Dr. Apoorva Ranjan Sharma, President Elect, TiE Mumbai

The upcoming conference seeks to explore the shifting landscape of digital consumption and lifestyle, examining critical issues such as the transformative impact of start-ups on consumer habits, the rise of seamless convenience, the increasing volume of transactions across sectors, and the pressing need to upskill talent to meet the demands of the rapidly evolving market. It would thus provide a comprehensive understanding of the current market trends and help businesses stay ahead of the curve.

What to Expect at TiEcon 2023 - 45+ Unicorns, 100+ Soonicorns, 500+ Investors, 100+ Corporates, 2500+ Entrepreneurs, 100+ Bankers, 200+ Industry leaders, 25+ Private Equity attending the event.

Unboxing TiEcon Mumbai 2023- The conference will look at the sessions from the macro lens on the main stage. The main stage will feature leaders delivering their thoughts on macro-level issues, such as India 3.0, funding interests and innovation in India and beyond. It's going to be packed with Expo Zone with more than 100 startups and other networking zones.

Some of the key speakers who will be part of this year’s TiEcon Mumbai are Ranu Vohra -President, TiE Mumbai & Co-Founder and Executive Vice Chairman, Avendus Capital, Dr. Apoorva Ranjan Sharma   President-Elect, TiE Mumbai & Co-Founder, Venture Catalysts & 9Unicorns, Anupam Mittal - Founder & CEO, People Group, Atul Nishar – Founder Hexaware, Azent Overseas Education & Techpro Ventures , Prashant Pitti - Co-Founder, EaseMyTrip, Anish Shah - Managing Director & CEO, Mahindra Group, Aakrit Vaish - Co-Founder & CEO Haptik, Rizwan Koita - Co-founder- CitiusTech & Co-founder – Koita Foundation, Vishal Gondal - Founder & CEO, GOQii , Mayank Kumar - Co-Founder & MD, upGrad, Ashwin Damera – Co-Founder & Executive Director , Eruditus, Neeraj Roy - Founder & CEO, Hungama Digital Media Entertainment Ltd, Sameer Nath - Chief Investment Officer & Head - Venture Capital & Private Equity, 360 One Asset, Pratik Sethi - Managing Director & Head – Digital & New Age Business, Ambit, Anuj Golecha - Co-Founder, Venture Catalysts & 9Unicorns, Nishith Desai – Founder & Managing Partner, Nishith Desai & Associates, Srikanth Velamakanni - Co-Founder, Group Chief Executive & Vice Chairman, Fractal AI, Amritagandha Dutta – Founder & CEO, Expand AI, Vinayak Shrivastav- Co-Founder & CEO, VideoVerse, Arjun Vaidya - Ventures Lead India, Verlinvest, Siddharth Shah - Co-Founder, PharmEasy, Nitish Mittersain - Founder, Jt MD & CEO,  Nazara Technologies Ltd, Devangi Parekh - Managing Director, Aza Fashions, Darpan Sanghvi – Group Founder & CEO, Good Glamm Group, Sagar Agravwal - Co-Founder & Managing Director, Beams FinTech Fund, Dhanpal Jhaveri - Vice Chairman, Everstone Group, Mayank Jain - CEO-New Auto, CarDekho, Abhay Pandey - General Partner, A91 Partners, Sreevathsa Prabhakar - Founder & CEO, Servify, Sameer Narkar - Founder, Konnect Insights, Deena Jacob – Co-Founder & CFO, OPEN, Abhay Pruthi – Business & Product, CRED, Ahana Gautam, Co-Founder & CEO, Open Secret, Akhilesh Ayer – EVP Global Head, WNS Triange, Bhavin Patel - Co-Founder & CEO LenDenClub, Chef Harpal Singh Sokhi – Celebrity -Chef & Founder Turban Tadka Hospitality, Eshwar K Vikas -Co-Founder & CEO, Mukunda Foods, Farzana Haque – TCS Leadership, Philanthropist, Board Member, Mentor, Gaurav Kachhawa – CPO, Gupshup, Ido Peleg – President & Founder, Facetrom, Kartikey Hariyani – Founder & CEO, ChargeZone, Manan Dixit – Co-Founder & CEO, FidyPay, Manoj Pardasani – Partner, ESG Tax, KPMG in India, Ms. Michelle Wade – Commissioner to South Asia State Government of Victoria, Australia, Mukund Pandey – Managing Director, Enterprise, Cisco, Murali Krishnan – Co-Founder & CMO, Wow!Momo, Navin Honagudi – Managing Partner, Elev8 Venture Partners, Nitin Singh – MD & CEO, Avendus Wealth Management, Pallab Roy – Partner in Business Consulting , KPMG in India, Parag Shah – Member of Group Executive Board, Mahindra Group, Piyush Kumar – Founder & CEO, Rooter, Pratekk Agarwaal – Founder & Managing Partner, GrowthCap VC, Punit Goyal – Co-Founder, Blusmart, Ravi Ranjan – Chief of Events & Partnership, Venture Catalysts, Ritesh Jain – Co-Founder, FlexiLoans, Sanket S. – Founder, Scandalous Foods, Shaleen Sinha – Head BCG Growth Tech India, Boston Consulting Group (BCG), Vidit Bahri – Co-Founder, Sukoon Health, Vikram Gupta – Founder & Managing Partner, IvyCap, Vishesh Khurana – Co-Founder, Shiprocket, Vishnu Pillai – Financial Services Technology Leader, Office Managing Partner -Kochi, KPMG in India, Wouter Vanhees – Trade and Investment Commissioner, Flanders Investment & Trade, Chandra R Srikanth – Editor -Technology Startups & New Economy, MoneyControl & Ganesh Natarajan – Chairman, Honeywell Automation & F5 World.

To know more about the event & register, please click here https://tieconmumbai.org/register 

About TiE Mumbai

The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. Since 1992. TiE has been supporting entrepreneurs by offering education, mentorship, networking and funding opportunities. The mission of TiE is to foster entrepreneurship globally through the 5 pillars of TiE : mentoring, networking and education, funding and incubation. Dedicated to the virtuous cycle of wealth creation and giving back to the community. TiE’s focus area is to generate enable the next generation of entrepreneurs. There are currently 11,000 members, including over 2,500 charter members in 60 chapters across 17 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.

ONGC declares results for FY’23

Arun Singh, Chairman ONGC, Rajarshi

Gupta, MD, OVL & M. Venkatesh, MD,

MRPL along with Dirs of ONGC group

#NewDelhi 2023 May XXVI: ONGC declares results for FY’23; posts net profit of Rs 38,829 crore for FY’23, highest ever total dividend of 225% for FY’23

Highlights:

· Gross Revenue Rs. 36,293 crore in Q4FY’23, up by 5.2 %; Rs. 1,55,517 crore in FY’23, up by 40.9%

· Total dividend for FY’23 Rs. 11.25 per share (225%) considering interim dividend of Rs. 10.75 per share (215%) and Final dividend of Rs. 0.50 per share (10%)

· Eight discoveries made and three monetized in FY’23

ONGC Board of Directors in its 364th Meeting held on 26th May, 2023, approved the annual results for FY’23.

1. Financial Performance (Standalone)

Particulars

Q4FY’23

Q4FY’22

% Var

FY’23

FY’22

% Var

Gross Revenue (Rs. Crore)

36,293

34,497

5.2

1,55,517

1,10,345

40.9

Exceptional items (including current year provision for ST/GST on royalty)*

(12,107)

-

-

(12,107)

-

-

Profit/(loss) Before Tax (PBT) *

(Rs. Crore)

(979)

11,714

(108.4)

50,395

41,040

22.8

Profit/(loss) After Tax (PAT)*

(Rs. Crore)

(248)

8,860

(102.8)

38,829

40,306

(3.7)

* The company has reviewed the entire issue of disputed Service tax and GST on royalty and has decided to make a provision towards these disputed taxes as a prudent and conservative practice. Accordingly, during the quarter and year ended March 31, 2023, the Company has provided Rs. 12,107 crore towards disputed taxes of ST/GST on Royalty for the period from April 1, 2016 to March 31, 2023 together with interest thereon. 

The above adjustments have adversely impacted the profitability for Q4 and FY’23. However, the Company shall continue to contest such disputed matters before various forums based on the legal opinion.

Crude Oil Price-Nominated

Realization (US$/bbl)

77.12

94.98

(18.8)

91.90

76.62

19.9

Realization (Rs./bbl)

6,344

7,147

(11.2)

7,388

5,709

29.4

 

Particulars

Q4FY’23

Q4FY’22

% Var

FY’23

FY’22

% Var

Crude Oil Price-JV

Realization (US$/bbl)

77.11

95.53

(19.3)

93.02

77.15

20.6

Realization (Rs./bbl)

6,343

7,189

(11.8)

7,478

5,748

30.1

Gas Price

Price on GCV basis ($/mmbtu)

8.57

2.90

195.5

7.34

2.35

212.3

 

2. Dividend pay out

The total dividend for FY’23 would be 225% (Rs.11.25 per share of face value Rs 5 each) with a total payout of Rs. 14,153 crore. This includes interim dividend of 215% (Rs. 10.75 per share) already paid during the year and final dividend of 10% (Rs.0.50 per share) recommended by the Board.

 

3. Production Performance

Particulars

Q4FY’23

Q4FY’22

% Var

FY’23

FY’22

% Var

Crude Oil–ONGC (MMT)

4.518

4.651

(2.9)

18.540

18.604

(0.3)

Crude Oil–JV share (MMT)

0.442

0.513

(13.8)

1.901

2.162

(12.1)

Condensate (MMT)

0.275

0.226

21.7

1.044

0.941

10.9

Total Crude Oil (MMT)

5.235

5.390

(2.9)

21.485

21.707

(1.0)

Gas – ONGC (BCM)

5.073

5.167

(1.8)

20.628

20.907

(1.3)

Gas – JV share (BCM)

0.188

0.172

9.3

0.723

0.773

(6.5)

Total Gas (BCM)

5.261

5.339

(1.5)

21.351

21.680

(1.5)

Value Added Products (KT)

612

753

(18.7)

2,598

3,089

(15.9)

The decrease in oil/gas production is mainly due to delay in implementation of KG-98/2, cluster-II project and less than envisaged production from WO-16 and Cluster-7 and reservoir issues in S1-VA fields.

Quench Botanics expands its K-beauty portfolio; unveils tinted sunscreens

~Packed with benefits for all skin types, Quench Botanics launches tinted sunscreens in, Quench Botanics launches tinted sunscreens in 8 variants for their Bravocado range~ 

Mumbai, 23rd May 2023: Applying sunscreens especially during summers has become a mantra for every skincare enthusiast. We are well aware of the numerous benefits that sunscreen provides. But what’s better than just sunscreen? Tinted sunscreen! This multipurpose beauty fits perfectly into our summer routines — it delivers a healthy, even glow, while giving you the protection you need. 

Quench Botanics, a Korean skincare brand that delivers high-quality & products infused of natural ingredients has expanded its portfolio with the launch of Bravocado tinted sunscreen range that gives the skin make-up like finish. Quench Botanics currently has 99 products in its overall range. 

Quench Botanics Bravocado Daily Defense Tinted Sunscreen SPF 50 PA+++ tackles the summer’s biggest skincare woes and offers sun protection along with a natural-looking coverage. This range of tinted sunscreens consists of hybrid formula with physical & chemical UV filters. 

Being a skincare-makeup hybrid, it has 2% niacinamide that tackles large pores, dark spots and pigmentation like no other. That, along with avocado, pomegranate, and rice water, rest assured that your skin will reap loads of skincare benefits with each use! 

Available in 4 true-to-tone shades, it easily flatters most Indian skin tones. You simply have to dab and blend to get sun-protected, even-looking skin in a matter of minutes! No-greasy feeling, no-white cast, satin-matte finish, quick-absorbing and lightweight, it is everything that you wish for in a sunscreen, and more.  

Not only that, this hybrid sunscreen has physical and chemical UV filters that outperform to protect your skin against sun’s UVA and UVB rays leaving your skin looking matte yet glowy. 

The Bravocado Daily Defense Tinted Sunscreen SPF 50 PA+++ offers SPF 50 PA++++ benefits and is indulged with the goodness of avocado, pomegranate, rice water and 2% niacinamide to give the skin that instant hydrated and shiny boost. 

Price at: INR 699/-

STAR ATHLETES BECOME PART OF THE FIRST BATCH OF GLOBAL INSTITUTE OF SPORTS BUSINESS EXECUTIVE POST GRADUATE PROGRAM IN SPORTS MANAGEMENT

 

Mumbai, 15th May 2023: The Global Institute of Sports Business (GISB) located in Mumbai, officially announced the launch of their Executive Post-Graduate Program in Sports Management at Novotel Juhu in Mumbai. The launch event was graced by the presence of Dr. Shaji Prabhakaran, the General Secretary of the All-India Football Federation, Gaurav Modwel, Chancellor of GISB and Chairman on India on Track (IOT) and Vivek Sethia, Founder and CEO of India on Track.  

 

The launch event was also attended by numerous well-known athletes from across the nation that will be part of the first batch of the program. Players such as Rahul Bheke, the defender who plays for the Indian senior football team and captain of Mumbai City FC in the Indian Super League (ISL), Farukh Choudhary, who plays for Jamshedpur FC and forward of the Indian Senior National team, Jayesh Rane of Bengaluru FC and the India U23 National team, Pratik Chaudhari who plays for Jamshedpur FC and Karan Amin who turns out for Odisha FC in the ISL attended the launch event in Mumbai on Monday. The first batch is dominated by Indian footballers who have represented India at the international stage or are part of the national team setup, and have even played in top domestic and international leagues.  

 

While talking about the need for such a program, Dr Shaji Prabhakaran, said, “The learnings from the Executive Program will definitely fill in the knowledge gaps that exist in the sports industry especially for the athlete community, they will find it extremely attractive to be part of it, because of the flexibility of the course. I'm sure once they go out complete the course and they start doing well, it will create more opportunities for others to step into their place and I think that's important in India, these kinds of forces coming together is good for overall growth of sports in the nation as well.”   

 

The Executive Post-Graduate Program in Sports Management is a hybrid intensive, informative and relevant higher education course specialising in the business of sports. The program brings together a blend of self-paced online sessions, live online classes, domestic and international immersions and student mixers/networking events, which will allow these athletes part of the first batch of the program to learn key skills needed to be part of the rapidly professionalising sports ecosystem of India. 

Speaking about how this course will help support the rapidly professionalising sporting ecosystem of India, Mr Gaurav Modwel said, “When any industry gets organized, it requires varied management styles. Sports is a very specific area; it is different from other management jobs. So, this course is very different from a normal management program. It's important that people do this kind of a program and then switch over because it will create a clear pathway for executives and the best minds in the nation to switch over to the sports industry.” 

 

“I want profiles of highly professionalised personnel in the sports industry because they would come and help us build the industry. They will go on to make a big difference after this course because there is no program which is as effective and which is an online program or a hybrid program.” said Modwel while highlighting the uniqueness of the course. 

 

The program is co-certified by the University of Massachusetts, Amherst and will also welcome global sports industry stalwarts as speakers along with networking opportunities with GISB affiliates for the enrolled athletes. 

 

Will Norton, Director of the McCormack Center for Sport Research & Education, spoke with delight as he talked about the partnership with GISB. He said, “We’re excited to extend our global educational partnership with GISB, as the past three years of collaboration have yielded enriching in-class educational content and formed a strong connection between McCormack faculty and GISB students.” 

 

He further added, “Tapping into our industry-leading alumni network and faculty cohort allows us to create value through collaboration, and further the educational mission of sport management as a discipline. Tackling this challenge in India with a trusted, strategic partner in GISB has been a wonderful undertaking, and we look forward to helping develop future leaders of the Indian sports industry through GISB’s expanding academic offerings.” 

 

Apart from the athletes that attended the event the likes of Aditi Chauhan, former captain and current goalkeeper of the Indian National Women’s team, Nikhil Poojary who plays for Hyderabad FC who has also been called up to the senior national team camp ahead of the upcoming Intercontinental Cup, Gaurav Bora defender for NorthEast United FC, Vinil Poojary who plays for I-League side FC Bengaluru United, Rohit Kumar and Parag Shrivas who play for Bengaluru FC in the ISL will be part of the first batch of the program. 

 

Speaking about the need of such a course Rahul Bheke said, “We cannot play football for life, we can only play till our body supports us. So, after that stops and then we have to think what now? So, there's nothing else that we can think of other than football. That's why we thought of joining this course during the journey of our playing career. If we are able to educate ourselves properly about how the sports industry works, then we can start understanding the gaps that need to be filled. So, that's when we all came to the conclusion, we should do this course. We all want to try and help and contribute to the growth of the industry in the country even adding from our own experiences as athletes.” 

 

Farukh Choudhary concluded by adding to the same sentiment as he said, “It feels good to be part of this course. Obviously, I'm excited now the course is out there. So, I think it's a very good way to start our journey into sports management. I'm both curious and eager to start learning and see what happens behind scenes in sports in India. So, I'm hoping that everything goes smoothly during the course, and I hope I can learn a lot.”

मल्लखांब खेळाची लोकप्रियता अमेरिकेत सर्वदूर पोहचवण्याचा मानस

मल्लखांब प्रसाराकरिता मुख्य प्रशिक्षक चिन्मय पाटणकर यांनी दीर्घकालीन योजनेची माहिती

मुंबई, 8 मे: अमेरिकेतील मल्लखांबची वाढती लोकप्रियता लक्षणीयरीत्या वाढवण्याच्या निर्धाराने, अमेरिकन मल्लखांब महासंघाने खेळाची  व्याप्ती आणखीन वाढविण्यासाठी विविध योजना आखल्या आहेत. तळागाळात, अमेरिकेमध्ये या खेळाचा प्रसार  करण्याचे उद्दिष्ट ठेवले आहे, ज्यामध्ये अमेरिकेच्या राज्यस्तरीय महासंघाने आधीच एकूण दहा  खेळाचा प्रसार केला आहे.

इतकंच नाही, तर 2028 च्या लॉस एंजेलिस ऑलिम्पिकमध्ये मल्लखांबला प्रदर्शनीय खेळ म्हणून मार्ग सुकर करण्यासाठी तिथल्या संस्था तसेच विविध राष्ट्रीय क्रीडा महासंघ आणि सदिच्छादूत यांच्याकडून पुष्टी आणि शिफारस पत्रे मिळणे अपेक्षित आहे. 

चिन्मय पाटणकर आणि नामदेव शिरगावकर (महाराष्ट्र ऑलिम्पिक असोसिएशन) यांच्यासमवेत पत्रकार परिषदेचे व्यासपीठ सामायिक करणारे अभिनेता आणि निर्माता राकेश बापट यांनी 2028 च्या लॉस एंजेलिस ऑलिम्पिकमध्ये मल्लखांबला प्रदर्शनीय खेळ बनविण्याचे महत्त्वाकांक्षी ध्येय गाठण्यासाठी भगवान गणेशाचे आशीर्वाद घेतले.

सध्या महाराष्ट्र ऑलिम्पिक महासंघाच्या सहकार्याने काम करत आहे, निश्चितपणे अमेरिकन मल्लखांब महासंघाकडे भविष्यात चढाई करण्यासाठी एक ध्येय आहे. या संदर्भात, महाराष्ट्र ऑलम्पिक महासंघाने आपला संपूर्ण पाठिंबा दर्शविला आहे, असा विश्वास महाराष्ट्र ऑलम्पिक महासंघाचे अध्यक्ष अजित पवार दिला आहे.

“महाराष्ट्र ऑलिम्पिक महासंघ मल्लखांबसारख्या मूळ भारतीय खेळांना पाठिंबा देण्यासाठी आणि त्याला ऑलिम्पिक चळवळीचा एक भाग बनविण्यासाठी वचनबद्ध आहे. मल्लखांब हा आपल्या राष्ट्रीय खेळांचा अविभाज्य भाग आहे आणि भारतीयांसाठी सुदृढ जीवनशैलीचा भाग आहे. आम्हाला आमच्या खेळाचे आंतरराष्ट्रीय क्षेत्रात जागतिकीकरण करताना खूप आनंद आणि अभिमान वाटेल. जेणेकरून, जगाला त्याचे फायदे मिळू शकतील आणि त्यात सहभागी होण्याची संधी प्राप्त होईल. 

मल्लखांबला केवळ एक प्रदर्शनात्मक खेळ म्हणून ओळखण्याचा नाही तर तो ऑलिम्पिकमध्ये कायमस्वरूपी स्थान बनवण्याचा आहे महाराष्ट्र ऑलिम्पिक महासंघाचा प्रयत्न आहे. आम्हाला आशा आहे की, हा उपक्रम फलदायी ठरेल आणि आम्हाला आमच्या गंतव्यस्थानापर्यंत नेईल,” असे महाराष्ट्र ऑलिम्पिक असोसिएशनचे अध्यक्ष अजितदादा पवार म्हणाले.

महाराष्ट्र ऑलिम्पिक महासंघाचे सरचिटणीस नामदेव शिरगावकर म्हणाले की, “महाराष्ट्र ऑलिम्पिक संघटना मल्लखांबला जगाच्या कानाकोपऱ्यात नेण्यासाठी कटिबद्ध आहे. हा आपला पारंपारिक खेळ आहे आणि परदेशात राहणाऱ्या भारतीयांनी त्याचा सराव करून तो लोकप्रिय केला पाहिजे. ऑलिम्पिकच्या मार्गावर आशियाई क्रीडा स्पर्धा , राष्ट्रकुल क्रीडा स्पर्धा यांसारख्या सर्व स्पर्धांमध्ये मल्लखांबला प्रदर्शित करण्याचे आमचे ध्येय असले पाहिजे.”

चिन्मय पाटणकर (मुख्य प्रशिक्षक, अमेरिका) यांनी म्हटल्याप्रमाणे, महासंघाला मल्लखांब खेळाचा प्रसार करण्यासाठी प्रशिक्षकांची गरज आहे.

2013 मध्ये चिन्मय पाटणकर यांनी आपल्या घरच्या अंगणात मल्लखांबाच्या प्रसाराला सुरुवात केली. अवघ्या 3000 अमेरिकन डॉलर्सच्या सहाय्याने मल्लखांबाला सुरुवात केली.  अमेरिकन मल्लखांब महासंघ अमेरिकेतील सर्व 52 राज्यांमध्ये पसरविण्याचे उद्दिष्ट ठेवते. त्या हेतूसाठी, पाटणकर यांनी आधीच लहान पावले उचलण्यास सुरुवात केली आहे ज्यासाठी त्यांनी तयारी केली आहे. 

आणखी आश्चर्याची गोष्ट म्हणजे, मल्लखांब संदेश प्रसारित करण्यासाठी मराठीला सर्वोच्च स्थान दिले आहे, अर्थातच, इंग्रजी भाषेतही त्याचा प्रसार होईल, जे अमेरिकेच्या प्रेक्षकांशी सुसंगत आहे. संपूर्ण खेळांच्या लोकप्रियतेसाठी जबाबदार असलेली अमेरिकन पद्धत देखील वापरली जात आहे, एक वेगळा अभ्यासक्रम आणि प्रसार करण्यासाठी एक अॅप देखील वापरला जात आहे, जो वापरकर्त्यांना मल्लखांब अनुयायी बनण्यास मदत करतो.

चिन्मय पाटणकर यांनी म्हटल्याप्रमाणे, आसाममध्ये होणाऱ्या जागतिक अजिंक्यपद स्पर्धेत अमेरिकन संघ आणि भारतीय संघ कशी कामगिरी करतात हे पाहण्याजोगे असेल, भारतात दीर्घकाळापासून खेळ असल्याने अमेरिकन संघासाठी या स्पर्धेत नक्की आव्हान असेल. तसेच, निर्माते राकेश बापट यांच्याकडून मल्लखांबच्या प्रगतीची माहिती देणाऱ्या माहितीपटाचे अनावरण करण्यात आले.

Airbnb 2023 Summer Release: Introducing Airbnb Rooms, an all-new take on the original Airbnb

May 3, 2023, New Delhi, India: Plus over 50 new features and upgrades based on feedback from our community, including total price display, transparent checkout instructions, improved maps, redesigned wishlists, and more 

With the pandemic finally over, this year we’re expecting over 300 million guest arrivals on Airbnb. To prepare, we’re making the most extensive set of improvements to Airbnb ever, starting with the introduction of Airbnb Rooms, an all-new take on the original Airbnb. We’re also launching over 50 new features and upgrades that address top feedback from our guests and Hosts across the end-to-end Airbnb experience. 

Introducing Airbnb Rooms

Airbnb began as a way to stay in a room in someone else’s home. This original idea of sharing a home offers two unique benefits. First, it’s more affordable for guests. More than 80% of private rooms are under $100/night, with an average rate of $67/night. Second, staying with a Host is a great way to meet someone new and experience the city like a local. 

We think this idea is more important than ever. In the current economic environment, people want to travel affordably. And after years of being isolated during the pandemic, they're looking for ways to connect with people and have authentic experiences. Now is the perfect time to stay in a room in someone else’s home. But for even more people to try it, they have to feel comfortable staying with a Host. 

Today, we’re introducing Airbnb Rooms, an all-new take on the original Airbnb. Guests have told us that they want to know more about who they're staying with. Every Airbnb Room features a Host Passport, which helps guests get to know their Host before booking their stay. We’ve also created a Rooms category with over 1 million listings, redesigned filters and added new privacy features.

“With Airbnb Rooms, we’re getting back to the idea that started it all - back to our founding ethos of sharing,” said Brian Chesky, Airbnb co-founder and CEO. “Airbnb Rooms are often more affordable than hotels, and they’re the most authentic way to experience a city. This is the soul of Airbnb.” 

● Host Passport - We want every guest to feel comfortable staying with a Host. Exclusive to Airbnb Rooms, the Host Passport helps you get to know your Host before booking your stay. Simply tap the Host Passport to view a larger photo and details Hosts have shared about themselves, including where they went to school, what they do for work, fun facts about themselves, and much more. 

● Airbnb Rooms category - Airbnb Rooms are easy to discover, with a new category featuring a curated set of 1 million private bedrooms. Listings include access to shared spaces, like the kitchen, living room, or backyard. 

● Redesigned filters - We’ve redesigned the “type of place” filter to make it easy to switch between Airbnb Rooms, entire homes, or all types of places. It’s simple to view the average price for each type of place with an enhanced price filter that updates based on your choice.

● New privacy features - We know that when you’re sharing a home, privacy is important. All Airbnb Rooms will clearly indicate if the bedroom door has a lock. The listing page also shows whether the bathrooms are shared or private, and whether people other than the Host will be in the home during your stay. 

50+ new features and upgrades based on your feedback 

In preparation for an anticipated record-setting travel season, we’re improving nearly every aspect of the Airbnb service - and we’re doing it based on feedback from our community. 

To improve our service, we took a design-driven approach. We started by storyboarding the guest and Host journey - from sign up to checking out, and every step in between. We created a blueprint of the experience - every screen, every policy, and every interaction with customer support mapped out. Then, we analyzed millions of customer service tickets and mapped them across the journey. We also reviewed thousands of social media posts and spoke with hundreds of thousands of guests and Hosts about how to improve Airbnb.

“Millions of people have given us feedback on how to improve Airbnb. We’ve listened,” said Brian Chesky. “Today, we’re introducing the most extensive set of updates ever. Our design-driven approach means we’re always making Airbnb better, and our over 50 new features and upgrades are just the beginning. We will never stop improving Airbnb.” 

Here are just a few of the 50+ new features and upgrades we’re launching for guests starting today: 

● Total price display - Guests can view the total price with fees, before taxes, across the entire app including in search results, price filter, maps, and listing pages. 

 

● Transparent checkout instructions - Guests can now view checkout instructions on the listing page before booking, and they’ll receive a reminder before they leave the home. During the review process, guests can tell us about any excessive requests. And listings with repeated low ratings from unreasonable chores will be removed from Airbnb.

● Improved maps - Used by more than 80 percent of guests, we’ve updated maps with faster performance, persistent pins when zooming and panning, and more results when searching.

● Redesigned wishlists - Wishlists now include a redesigned interface, one-tap saving, and an improved calendar that shows availability of wishlisted homes. Guests can also add notes to any wishlisted listing - making it easier to remember why they loved it.

● Simpler and more affordable monthly stays - For stays over three months, we’re significantly reducing the guest service fee after the third month. Guests in the US can also save for stays over one month when paying with their linked bank account. And when searching, the new Months tab features an all-new interface that makes it easy to dial in a range from 1-12 months.

● Priority customer service on a trip - We created a dedicated 24/7 support team for priority access when you’re on a trip, with a goal of answering 90% of calls in English in two minutes or less.

● Pay over time – Through a new partnership with Klarna, guests in the US and Canada can apply to pay for stays in four interest-free installments over six weeks. For bookings over $500, guests can apply to pay monthly (US only). More countries will be added throughout the year. 

● Instant rebooking credit – If a Host cancels within 30 days of arrival, most guests will receive an instant credit that can be used to rebook another stay immediately.

As part of the 50+ new features and upgrades, we’re launching 25 improvements for Hosts, including new pricing tools to help Hosts set competitive prices, easily add weekly and monthly discounts, and compare their listing to similar ones in their area. We’re also including a yearly view in calendar, the ability to easily enter checkout instructions, read receipts and new quick replies in messaging, and more. 

Worldwide rollout starting today

Airbnb Rooms and over 50+ new features and upgrades for guests and Hosts will begin rolling out this week. Hosts can try new features today by enrolling in Airbnb Early Access.

*IN10 Media Network announces launch of MovieVerse Studios – an audience-focused mainstream film content studio*

From left to right (standing): Anup Chandrasekharan, Viki Rajani, Sandeep Leyzell, Atul Kasbekar, Vivek Krishnani, Aditya Pittie, Tanveer Bookwala, Pavan Kriplani, Umang Vyas, T.G.Thyagarajan. Left to right (sitting): Tanuj Garg, Avni Bathija.

_*The network’s film division, led by Vivek Krishnani, unveils the logo and the development slate for the studio*_

MovieVerse Studios – https://www.youtube.com/watch?v=HxFI4FyjlE0 

The IN10 Media Network, a leading media and entertainment company, is elated to announce the launch of its film division, MovieVerse Studios. The film studio will produce fresh and engaging content in Hindi and regional languages that connect with theatre-going audiences and those on streaming platforms. 

Aditya Pittie, Managing Director of IN10 Media Network, expressed his excitement about the launch, “We are thrilled to introduce MovieVerse Studios as a new addition to the IN10 Media Network family. The studio is a testament to our commitment to creating content that resonates with moviegoers universally. Films are yet another innovative way for us to strengthen our existing bond with audiences by providing quality content.” 

The name, MovieVerse, symbolises a universe of cinema where we create captivating content that entertains and leaves a lasting impact. The studio's logo cues the readiness to deliver exceptional entertainment experiences and is visually represented by the three words that are at the core of movie making – Lights, Camera, Action! 

“At MovieVerse Studios, our focus is on creating fresh content in Hindi as well as regional languages and is driven by our passion for storytelling and our deep understanding of audience preferences. We are dedicated to bringing innovative and compelling stories to life in partnership with some of the best talent, creators and technicians in the industry. We are here to entertain and we promise to do just that.” said Vivek Krishnani, CEO of MovieVerse Studios. 

MovieVerse Studios has ambitious plans to develop content in partnership with some of the leading talent across multiple genres, from drama and comedy to action and thriller. The exciting slate of movies in the pipeline includes: 

· An action survival rescue drama based on a true story in partnership with Bake My Cake Films, helmed by Sandeep Leyzell and Shobhna Yadav, which has hit films like ‘Batla House’, ‘Dasvi’ and the upcoming ‘Tehran’ to its credit. It will be directed by Umang Vyas who has worked with Ashutosh Gowariker, and directed two Gujarati films ‘Ventilator’, and ‘Dear Father’. 

· A thriller in partnership with Faith Films Viki Rajani producer of ‘Table No. 21’, ‘R…Rajkumar’, and ‘Munna Michael’ and the film will be directed by Pavan Kripalani who is emerging as a master of thrillers and horrors. Pavan has films like ‘Ragini MMS’, ‘Phobia’, 'Bhoot Police’ and now ‘Gaslight’ to his credit. 

· A supernatural drama with DING Infinity. Tanveer Bookwala has produced the path-breaking show ‘Asur: Welcome to Your Dark Side’ and many other shows like ‘Apaharan’ and his recent Amazon Mini TV outing ‘The Haunting’ 

· An action thriller drama co-produced by Ellipsis Entertainment’s Tanuj Garg and Atul Kasbekar. The renowned boutique content company is known for producing films like ‘Neerja’, ‘Tumhari Sulu’ and ‘Loop Lapeta’. 

· Additionally, the studio will also be releasing two Tamil films in partnership with TG Thyagarajan of Sathya Jyothi Films, which is South India’s biggest film production and distribution company, and has produced acclaimed films like ‘Moondram Pirai’, ‘Viswasam’ and ‘Maaran’. One of the film will be directed by Tamil director Binu Subramanyam who has worked with notable filmmakers – Priyadarshan, Selvaraghavan and Mohan Raja. 

With the launch of MovieVerse Studios, IN10 Media continues to cement its position as a leading player in the Indian entertainment industry dedicated to delivering fresh and engaging content that captivates audiences across the globe.