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The Persistent Problem: Gender Gap Remains despite Increased Female Participation

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The Udaiti Foundation shared new data from their Close the Gender Gap (CGG) Initiative for FY 2023-24, focusing on various gender metrics like leadership roles, pay equity, retention, and workplace policies. The data was based on reports from over 2000 NSE listed companies. The initiative aims to help organizations close gender disparities and achieve diversity and inclusion goals. CEO Pooja Goyal emphasized the need for companies to address gender gaps by promoting women in leadership and ensuring equal opportunities.   Despite only 18% of formal employment in India being held by women, certain sectors show higher female representation. The findings also highlight disparities in pay, leadership roles, and turnover rates in different industries. The initiative encourages private sector companies to disclose gender data to create a more inclusive work environment. Increased reporting of sexual harassment complaints is noted, highlighting the importance of improving safety mechanisms a
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SBI's Iconic Branch Turns 100: A Legacy of Excellence

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Honouring the rich legacy of the State Bank of India, the Honourable Minister of Finance and Corporate Affairs of India, Smt. Nirmala Sitharaman unveiled a specially minted ₹100 commemorative coin to mark the centenary of SBI’s iconic Horniman Circle Branch. Alongside the coin launch, she also unveiled the 5 th edition of The Evolution of the State Bank of India , chronicling a transformative era in the bank’s journey between 1981 and 1996.  The event was graced by the presence of the Secretary of the Department of Financial Services (DFS), Shri M. Nagaraju, among other dignitaries.   Speaking on the occasion, Minister of Finance and Corporate Affairs of India, Smt. Nirmala Sitharaman said, “SBI’s remarkable journey, culminating in the centennial celebration of its iconic branch, reflects an extraordinary legacy of growth and service. From 100 branches at the time of the 1920 amalgamation to 22,640+ branches, with plans to add 500 more in FY 2025, SBI continues to expand its reach.
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Aegis Vopak Terminals Limited files DRHP with SEBI

Aegis Vopak Terminals Limited (“AVTL”), a material subsidiary of Aegis Logistics Limited (the “Company”), has filed the Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Aegis Vopak Terminals Limited the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas (“LPG”) and liquid products in terms of storage capacity, as of June 30, 2024. (Source: CRISIL Report) The IPO comprises of a fresh issue of equity shares of face value ₹ 10 each of AVTL(“Equity Shares”), for an amount aggregating up to Rs. 3,500 crore (the “Issue”) and will be undertaken subject to requisite approvals and market conditions. The Company proposes to utilise the Net Proceeds from the Issue towards (i) Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company (ii) Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore and (iii) General corporate
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Indian exporters on Amazon Global Selling get ready for a bumper holiday shopping season

Amazon announced that Indian exporters on its Amazon Global Selling program are geared to showcase millions of ‘Made in India’ products to customers across the world during the annual Black Friday and Cyber Monday (BFCM) sale event. This year, customers will have more days to shop than last year. Indian exporters have launched over 50,000 new products on Amazon’s global marketplaces for the sale event, which starts on November 21 and ends on December 2. Amazon customers globally will be able to discover and shop from a range of products across categories including home and kitchen, STEM toys, apparel, health and personal care, office products, jewellery, beauty, and furniture by exporters across India. Black Friday and Cyber Monday are significant events marking the beginning of the holiday season globally and, at this time, customers look to buy products to use at home and to gift to friends and family.   Bhupen Wakankar, Director, Global Trade, Amazon India, said : “The upcoming gl
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CIEL HR Services Limited files DRHP with SEBI for an IPO

CIEL HR Services Limited the only company in India that offers a comprehensive suite of technology-driven human resources solutions across the entire human resource chain impacting every part of the employee lifecycle as of June 30, 2024 (Source: F&S Report) has filed Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The Public Offer comprises of a fresh issue of equity shares aggregating up to Rs. 335 crores and an offer for sale (OFS) aggregating up to 4,739,336 equity shares by the Selling Shareholders (THE “OFFERED SHARES”)” with face value of ₹2 each equity share. CIEL HR is promoted by Pandiarajan Karuppasamy (Chairman and Executive Director of CIEL HR Group). Promoter Chairperson, Pandiarajan Karuppasamy and Promoter Director, Hemalatha Rajan were the original promoters of Ma Foi Management Consultants Private Limited (“Erstwhile Ma Foi”), an HR company which was subsequently acquired by a global staffing company. The Offer for Sale of
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Godrej Capital Launches Generative AI to enhance insights-driven customer engagements

Godrej Capital, the financial services arm of Godrej Industries Group, has become one of the early adopters of Generative AI, (GenAI) in the NBFC space with the launch of various Generative AI solutions, now live.   One of the standout applications of GenAI at Godrej Capital is its role in transforming customer interactions through comprehensive AI-driven quality checks. By analyzing 100% of customer calls and email engagements, Godrej Capital enables its decision-makers to extract actionable insights that drive continuous service enhancements. This in-depth analysis streamlines workflows and reduces the manual time required to review interactions, resulting in a seamless, highly personalized experience for customers while also saving on operational costs.   In addition, Godrej Capital’s use of GenAI extends to its 100% analysis of Net Promoter Score (NPS) feedback. By assessing all NPS data, the company proactively identifies trends in customer satisfaction, allowing it to swiftly
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Re Sustainability Secures Strong Presence in Asia

Chennai November 19 2024: Re Sustainability International (Singapore), a subsidiary of Re Sustainability Limited, one of Asia’s largest integrated environmental and sustainability services providers, announces the acquisition of G3 Environmental Private Limited, a leading Singapore-based industrial and commercial waste management company with a strong client base and over 20 years of industry experience. G3 Environmental’s businesses include Tee Environmental, Tee Recycling, and Envotek Engineering—companies renowned for their track record of excellence and robust client base in Singapore over two decades. This acquisition strengthens Re Sustainability’s commitment to expanding its comprehensive suite of environment management solutions across the region. With a proven track record of customer centricity, with over 98% of its FY2023 sales coming from repeat customers, G3 Environmental has built invaluable brand loyalty with marque clientele in Singapore. This client-focused approac
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