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HCLTech Grant India 10th edition launched; NGOs invited to apply

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Chennai: HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, has launched the 10th edition of HCLTech Grant India to provide a platform for NGOs to unleash their potential and create sustainable change in communities.   The 10th edition of HCLTech Grant India provides funding of ₹16.5 Crore (~$2.2 million) to nine NGOs, selected by an esteemed jury. The grant will be provided to pioneering projects in sustainable rural development across the themes of environment, health and education. The last date for submitting applications on hclfoundation.org/hcltech-grant is June 25, 2024.    “HCLTech Grant signifies our commitment to supporting grassroots organizations and empowering them to make a real difference in the lives of people across India. We look forward to reviewing the innovative projects by NGOs across India and supporting impactful initiatives through HCLTech Grant,” said Nidhi Pundhir, Vice President, Global
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FIRST DIPLOMAT CRICKET TOURNAMENT IN CHENNAI CITY

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FIRST DIPLOMAT CRICKET TOURNAMENT for Embassy, Consulate & High Commission Staff will soon be held in Chennai City.  The Tournament aims to create AWARENESS TO STOP Child Abuse, Child Trafficking, Child Marriage and Child Labour in Tamilnadu will be held on   8th, 9th & 10th August 2024 at Soka Ikeda College of Arts and Science for Women Sethu Bhaskara Nagar, Madhanangkuppam, Kolathur, Chennai - 600099. The tournament is Oorganised by:ICWO - Indian Community Welfare Organisation. Please Contact for more Details & Advertisement A.J.Hariharan : 98401 88821, 86101 55727, V.Vijaya Kumar: 98403 47890 S.Praveena Solomon: 98415 19982.
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Amazon announces the fourth season of Propel – a global business accelerator for startups

Amazon India announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space. This one of its kind program has been designed to provide dedicated support to emerging Indian brands and startups reach customers around the world using ecommerce exports. The Propel S4 will support up to 50 startups launch in international markets and create global brands from India. Participating startups stand to win total rewards worth over $1.5 million including AWS Activate credits, six months of free logistics and account management support, as well as a combined $100K in grant from Amazon for the top 3 winners. Amazon will also help participating startups connect with Indian Revenue-based-financing firms namely Klub, Velocity and GetVantage who will provide curated offers to the participating startups to expand their business at scale.    The applications for the program opens today and will close on June 9, 2024 .   It will culminate
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Kavitha Subramanian, Co-founder of Upstox, discusses reasons why investing in Gold is an Eternal Investment Choice

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In India, the investment landscape is witnessing an upward trend. We are gradually transforming from a saver’s economy to an investor’s economy. A wide array of investment options (Stocks, Mutual Funds, IPOs, Gold and Fixed Income products); coupled with access to the right educational resources have helped investors broaden their portfolio and invest right.   However, even with so many investing tools, gold is one of the oldest and most preferred investment choices for Indians, with a strong cultural history. Gold has seen a strong rally in the last few years, rising ~25% in calendar year 2023 and ~12% in 2024 (in INR terms). This explains the sudden rise in interest in gold as an investment option. There are several reasons why investing in gold is and will always be, a good option:   ●        Can be used as a hedge against inflation : As inflation rises, the purchasing power of currency declines. Throughout history, most major currencies have depreciated compared to gold over th
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Growth in profitability was primarily driven by exceptional performance

  HIGHLIGHTS OF FINANCIAL PERFORMANCE (Q4 and FY24)   Q4 FY24 Financial Summary The company reported consolidated revenues from operations of Rs. 2,134 crore in Q4 FY24 as compared to Rs. 2,095 crore in Q4 FY23 Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs. 164 crore in Q4 FY24 as compared to Rs. 76 crore in Q4 FY23 Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 83 crore in Q4 FY24 as compared to Rs. 2 crore in Q4 FY23   FY24 Financial Summary FY24 consolidated revenues from operations increased to Rs. 9,561 crore from Rs. 9,374 crore in FY23 Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs. 757 crore in FY24 as compared to Rs. 564 crore in FY23 Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 434 crore in FY24 as compared to Rs. 280 crore in FY23  
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Indian Bank Financial Results for the Quarter/Year ended as on 31st March 2024

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    Indian Bank, held a press conference for the announcement of the Q4 FY24 results on Monday, 06th May 2024 at Media Room, Indian Bank, Corporate Office, 254-260, Avvai Shanmugam Salai, Chennai.   Key Highlights (Quarter ended Mar’24 over Mar’23)   Bank’s Global Business reached ₹12.22 lakh Cr, up by 12% YoY            ·             Net Profit up by 55% YoY at ₹2247 Cr in Mar’24 from ₹1447 Cr in Mar’23            ·             Profit Before Taxes up by 111% YoY at ₹3057 Cr in Mar’24 from ₹1452 Cr in Mar’23            ·             Operating Profit improved by 7% YoY to ₹4305 Cr in Mar’24 from ₹4016 Cr in Mar’23            ·             Net Interest Income increased by 9% YoY to ₹6015 Cr in Mar’24 from ₹5508 Cr in Mar’23            ·             Fee based income grew by 6% YoY to ₹970 Cr in Mar’24 from ₹914 Cr in Mar’23              ·             Return on Assets (RoA) up by 33 bps to 1.15% in Mar’24 from 0.82% in Mar’23            ·             Ret
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