Author: City Today News (City today.media)

Editor | Journalist |Events Organiser/ Correspondent | Sidha & Ayurveda Consultant | Social Work | Human Right Activist and more!

DERBI knits an ecosystem for Indian Medtech Innovation Startups get support from ideation to fundingDERBI is a Technology Business Incubator hosted by the Dayananda Sagar Institutions,

Posted on by City Today News (City today.media)

Bangalore. October 2020, It is supported by Department of Science & Technology and Meity, Government of India. It is supporting startups building healthtech solutions for India in IOT , AI and allied deeptech domains. It’s multi pronged approach supports startups from ideation to commercialisation.

Dr.Lakshmi Jagannathan, CEO of DERBI Foundation adds, “We strongly believe that Agile Startup Innovations, powered by Mature Corporate Experience, fueled by a Passionate Incubation ecosystem is the way forward for truly a Swasth- Atmanirbhar Bharat”. With connects to the investor community , startups also have the potential to scale up faster .

DERBI foundation has taken lead in forging such an alliance through recently concluded MED-Technovation. It was a highly successful Incubator- Industry led Innovation program where DERBI and IESA (India Electronics Semiconductors Association) partnered with Texas Instruments, Micron, ARM, Mathworks and Forus Health to augment Innovations in Healthcare.
DERBI is a recipient of DST’s flagship programs NIDHI Seed Support System, NIDHI Prayas, NIDHI EIR and NIDHI accelerator along with MeiTY TIDE 2.0. The early , mid and later stage startup Programs i.e PACE, Gallop and Emerge respectively are offered intertwining the Government support Programs. These programs not only support the startups with grants, fellowships and seedfund , but are also completely customised to give them deep mentoring, solution validation with clinicians and hospitals and potential customer connects.

Dr. Anita Gupta , Head , NSTEDB, DST , GoI says “DST is committed to support entrepreneurs who are solving India’s real problems and are contributing towards the mission on Self Reliant India. NIDHI PRAYAS is one such initiative to empower early innovators to build a Proof of Concept and we welcome collaborative efforts with the industry”. Healthcare Innovations are not only complex and challenging but need a lot of handholding and support to shorten the longer gestation period to commercialization. Hence DERBI ensures that PACE, GALLOP and Emerge all have a very strong mentor and expert connections as well.

Be it Technology, IP & Legal, Regulatory or Go -to-Market Strategy, DERBI has it all. It is a perfect cocktail of Great Ideas, Deep Mentoring, and Strong Incubation support backed by Government Funds. A perfect recipe for a Healthcare Startup!
DERBI has supported 85 startups till date through its various programs and interventions, all of them predominantly working on solving pertinent healthcare problems, to build a better, healthier India for tomorrow.
Sagar Hospitals and  Dr.Chandramma Dayananda Sagar Institute of Medical Education and Research , both DSI group institutions and along with other hospitals in the ecosystem are becoming the platform for startups to validate their solutions and benefit from the deep engagements with the doctors and clinicians.

Custodians of fundamental research is academia and semiconductor major’s take lead in early adoption of fundamental research through their reference designs and proof of concepts. A viable option to shorten the long development cycles involved in medical products is to bring the academia incubators, corporates and the startups under a single umbrella.

City Today News

(citytoday.media)

9341997936

Mahindra Manulife Mutual Fund Launches ‘Mahindra Manulife Focused Equity Yojana’

Posted on by City Today News (City today.media)

Mahindra Manulife Mutual Fund Launches ‘Mahindra Manulife Focused Equity Yojana,’ that concentrates on investing in 30 stocks across market caps

·         Selection of the next potential winners through the GCMV process#

·         High conviction focused portfolio with strong risk management processes

·         Potential to generate relatively better risk adjusted returns

# GCMV is an internal process framework to optimize stock selection based on growth, cashflow, management and valuation

Mumbai, October 20, 2020:  Mahindra Manulife Investment Management Private Limited (Formerly known as Mahindra Asset Management Company Pvt. Ltd.), a 51:49 joint venture of Mahindra & Mahindra Financial Services Limited (MMFSL) and Manulife Investment Management (Singapore) Pte. Ltd. (‘Manulife Singapore’) launches ‘Mahindra Manulife Focused Equity Yojana,’ an open ended equity scheme that aims to invest in maximum 30 stocks across market capitalization (i.e. multi cap). The scheme is suitable for investors who are looking for long term capital appreciation. It is also suitable for medium term investors looking for relatively better risk adjusted return potential. 

Mahindra Manulife Focused Equity Yojana (‘Scheme’) will be a professionally managed agile focused fund that aims to identify the most potential winning ideas through robust research and risk management. The Investment Style for construction of the Scheme’s portfolio of upto 30 stocks will be from across market caps. In addition, several factors will be considered for building the portfolio such as – domestic and global macro-economic dynamics; stage of business cycle of companies; absolute versus relative valuation; assessment of portfolio weight based on liquidity and market cap; sector’s future growth outlook; business outlook (priority to 1-3 years of growth); valuation of stock versus future growth; management capabilities and corporate governance.

Mr. Ashutosh Bishnoi, MD and CEO, Mahindra Manulife Investment Management Private Limited, said, “Indian economy and the equity markets are poised for a strong recovery, as the economy unlocks and we see improvement in corporate performance. Mahindra Manulife Focused Equity Yojana scheme is suitable for medium to long term investors looking for better risk adjusted market returns. The focused funds have the advantage to define their own market cap mix and hence the flexibility to find opportunities anywhere in the equity market. The selection of potential winners is done through research, adequate quality check, and by following a robust risk management process. The whole attempt is to ensure better risk adjusted return on investment”.

The New Fund Offer opens on October 26, 2020 and closes on November 9, 2020. The scheme will reopen for continuous sale and repurchase from within 5 business days from the date of allotment.

Mahindra Manulife Focused Equity Yojana under normal circumstances would invest 65% -100% in equity and equity related securities, upto 35% in debt and money market securities including tri-party repo, reverse repo, and upto 10% in units issued by REITs & InvITs. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully

Mr. Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife Investment Management Private Limited said “The present equity market environment offers investors an opportunity to generate returns over the medium to long term horizon. Mahindra Manulife Focused Equity Yojana plans to invest in limited number of companies that have strong growth potential. Our endeavor is to construct a high conviction equity portfolio complemented by strong risk management processes. We expect to select potential winners through our GCMV process and offer investors reasonably better market returns.

Investors understand that their principal will be at moderately high risk

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Learn more about MMIMPL on www.mahindramanulife.com, Twitter: @MahindraMMF

Facebook: @MahindraManulifeMutualFund

City Today News

(citytoday.media)

9341997936

“Nilima Silks Expo 2020” – Commercial Street, Bengaluru.

Posted on by City Today News (City today.media)

Offering up to 10% discount till 15 November 2020, on the occasion of Dushara and Diwali

Nilima Silks Pvt Ltd, working under the guidance of silk mark of India is delighted to announce Launching of their new store at Commercial Street. The new store follows the exclusivity of Vanya (wild) silk – Tassar, Eri and Muga silk products along with an assortment of various other merchandise.

Nilima Silks was created to provide a self-sustaining model predominantly for the tribal silkworm rearers, rural women, yarn makers and handloom weaves of Jharkhand and Bihar. We maintain a sustainable and fair business model that values social accountability, love for nature and Indian traditions. Our endeavor is to preserve the heritage products of handloom and revive traditional crafts. Our team of experts collaborate with the artisans to improve weaving patterns, dying and painting techniques, and quilting and embroidery styles. Along the process, artisans are encouraged to improve their craft, build upon their skills and be abreast of contemporary design trends 

On display are exquisite Women’s wear- kurtis, blouses and lehengas, Men’s wear – kurtas and shirts. Handloom fabrics, silk sarees, silk stoles, Eri silk socks, ties and so on. Each product reflects the rich culture and tradition of Indian crafts. Nilima Silks promotes sustainable lifestyle handloom products striking a fine balance between the needs of the artisans, the customers and the environment.

Silk lovers of the city can enjoy the diverse range of products of all four commercially exploited silk – Mulberry, Tassar, Eri and Muga under one roof with the guarantee of purity. The exotic and exclusive silks of various silk clusters like Bhagalpur. Mysore and Banaras are available. Customers can find the most original and the latest designs at an affordable price. Our ambition is to be inherently sustainable and become one of India’s leading social entrepreneurial companies with a unique Farm to Fashion story

City Today News

(citytoday.media)

9341997936

Karnataka To Focus on Five Key Sectors for Ease of Doing BusinessFocus on Skilling of Workforce to Ensure Investments Can Help Boost Employment

Posted on by City Today News (City today.media)

Karnataka: Partner State at PAFI 7th National Forum 2020

Bengaluru October 22, 2020: “Karnataka is already the hub for IT & ITes service which is in line with governments recently introduced IT policy 2020-25. We should help increase Karnataka’s share in India’s goal of a $5 Trillion digital economy and to achieve this goal, Karnataka is working on strengthening skills of our workforce, so that industry can get quality skilled workforce easily”, according to Mr B S Yediyurappa, Chief Minister of Karnataka who was speaking at a special session of PAFI 7th National Forum today. Karnataka is the partner state at PAFIs 7th National Forum 2020.

Mr. Yediyurappa, said that the state is taking stringent measures to ensure that the economic growth of the state is sustained. He said the government of Karnataka is focussing on building on the new Industrial policy and the Industrial Facilitation Act to get projects of the ground fast.

He also added, In 2020, Karnataka has attracted investments worth Rs 1.38 lakh crore, highest in India, which would create 70,000 direct jobs in the state.

Mr Jagadish Shettar, Minister for Large and Medium Industries said, Our government has launched new industry policy 2020-25 to build a prosperous Karnataka and create jobs for the youth. The government is to create 20 lakh jobs in various sectors. Mr Shettar said that the government is ensuring the labour norms are being made easier and the state would welcome. He said the five sectors where focus is being given are automobiles, aerospace, IOT, biotech and artificial intelligence.

Mr Gaurav Gupta, Principal Secretary- Commerce & Industry, Govt. of Karnataka said, Karnataka has been able to help the industries to not only revive but also implement policies in order to protect the people, workers and to ensure economic revival and growth. COVID has been a forum for the government for focussing at the policies which have been there from a long period of time. Mr Gupta also said that the state is working towards building close linkages with companies in many high technology sectors to ensure that skills are developed to meet the needs of industry.

He also added, We are also looking at the deeper integration with the global value chain, localising the supply chain around Karnataka. We are closely working with industries including electronics, toys, pharma, textile, agriculture implements, fast moving consumer goods among other industries to harness their potential to support the economic growth of the country.

Talking about the crucial role of state of Karnataka in the US-India Corridor Ms Nisha Biswal, President, USIBC & Senior Vice President, South Asia, US Chamber of Commerce said, State of Karnataka is not only advancing the knowledge economy or service sector but has become a leading harbinger of opportunity that India seeks to capitalise on, post pandemic. USIBC welcomes the opportunity to flow greater investments into the US-India corridor and in particular the state of Karnataka.

In his opening remarks, Mr Ajay Khanna, Forum Chairman & Co-Founder, PAFI & Chief Strategic & Public Affairs Group Ombudsperson, Jubilant Bhartia Group said, We are delighted to have Karnataka as our partner state. This is the first time we have a partner state at this forum.

Mr Rahul Sharma, Past President & Founding Member, PAFI & Managing Director, APCO Worldwide, India gave the welcome address at the Public Affairs Forum of India (PAFI) 7th National Forum 2020 started with the theme “Building Trust, Charting Growth” on October22, 2020. Mr Ishteyaque Amjad, President, PAFI & Vice President Public Affairs, Communications & Sustainability, Coca-Cola, India & South West Asia in his closing remarks thanked Karnataka for being the partner state.

City Today News

(citytoday.media)

9341997936

Mswipe helps Brick-and-Mortar launch their own website to compete with ecommerce giants

Posted on by City Today News (City today.media)

Mswipe helps Brick-and-Mortar launch their own website to compete with ecommerce giants
Mswipe adds PayByLink for contactless collections from customers
Small businesses can be part of online commerce

Mumbai, October 22, 2020: With online commerce witnessing a spiralling demand from customers, Mswipe, India’s leading financial services platform for SMEs, has launched a free-to-use business website to enable small businesses and proprietors to go live online with their own website within minutes.

To enable SMEs to provide seamless digital experience to customers, Mswipe has also launched PayByLink, which can be shared on SMS, WhatsApp or on any social media platform as preferred by the customers to access the digital bill and complete purchase.

Manish Patel, Founder and CEO, Mswipe said, “While the lockdown has impacted the earnings of SMEs, it has also created the opportunity for them to become a part of the digital economy with customers embracing online commerce. Mswipe believes in providing an end-to-end solution to make it easier for SMEs to go digital. With the Microsite and PayByLink, merchants can engage their customers online for product/service discovery, selection and also complete the loop with digital payments. The two offerings, coupled with digital bill and convenience to choose payment method, will definitely help SMEs provide for their customers’ needs just as other ecommerce players.”

SME merchants and retailers can create their own website through their existing account on the Mswipe merchant app by filling in their shop details. They can also quickly add photos and social media links and go live online. To support SMEs in increasing visibility for their online store, Mswipe will also support in Search Engine Optimisation (SEO) of their microsites.

Close to a fourth of total transactions facilitated by Mswipe are now done through contactless options including NFC, QR and its newly launched PayByLink.

Mswipe has also provided PayByLink as a separate offering to SMEs at Rs.499 plus GST – making it the most affordable solution available to initiate business transactions. Merchants can activate the PayByLink in a few simple steps on Mswipe merchant app.

Mswipe is the only player which has a complete range of digital payment solutions for SMEs in India including UPI QR, NFC based Tap and Pay, POS and Payment Link. The largest POS acquirer in India with 6.75 lakh POS and 1.1 million QR merchants, Mswipe is also the fastest growing issuer with its prepaid Moneyback Card.

Earlier in August, Mswipe announced Bank Box Go – a combination of mPOS, UPI QR and Moneyback Card – an offering that ushered in the era of zero rental and zero MDR. The company has also recently partnered with MyPinPad, a UK-based secure personal authentication solutions provider and Visa to further to propel contactless payments in India.

City Today News

(citytoday.media)

9341997936