Muthoot Finance launches “Muthoot Gold Shield”

Partners with Bajaj Allianz General Insurance to launch Gold Jewellery Insurance

Bangalore, December 07, 2020: Muthoot Finance, India’s largest gold loan NBFC has tied up with Bajaj Allianz General Insurance, India’s leading private general insurer to provide insurance on gold jewellery as part of their new initiative – “Muthoot Gold Shield”, which is backed and powered by Group Affinity All Risk policy of Bajaj Allianz General Insurance.

Muthoot Gold Shield is the Gold Jewellery Insurance Scheme launched by Muthoot Finance, for its customers in partnership with Bajaj Allianz General Insurance. The policy provides insurance coverage of gold jewellery for individuals. This is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of gold loan and release of gold ornaments. It will provide insurance coverage to the customers of Muthoot Finance as a loyalty product.. 

Mr. George Alexander Muthoot, Managing Director, Muthoot Finance said, “Muthoot Finance as a company has always believed in the philosophy of helping people and giving back to society. Going by the initial overwhelming response received to this insurance policy, it has been widely accepted by the customers of the Company. As part of our ongoing customer loyalty programme and social commitment, we are providing customers insurance coverage with an objective to build confidence and help move ahead in life without any fear.”

Speaking on the occasion, Mr. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “At Bajaj Allianz General Insurance, our endeavour has always been to offer products to ensure that citizens are safeguarded against exigencies. Gold jewellery is an integral part of our country’s culture and hence we have curated this product specifically for financially shielding customers of Muthoot Finance in case of any unforeseen events, thus making them worry-free about their jewellery.”

The Scheme has the following unique benefits which are exclusive to this Insurance Policy:

1.       It is one of the simplest and easiest ways of obtaining gold jewellery insurance coverage

2.       Policy covers Burglary, Robbery, theft from insured person’s home, loss-in-transit and 13 other disasters (natural calamities)

3.       This is a standalone gold jewellery insurance offering

4.       Companies typically provide gold jewellery insurance as part of home insurance along with insurance of other articles at home. Normally, the percentage of insurance coverage for gold jewellery is restricted by some insurance companies to a maximum of 15% of the total home insurance policy sum insured.  For instance, if an individual wants to take a jewellery insurance coverage of 1.50 Lakhs from other insurance companies, he/ she will have to take a home insurance policy of about Rs. 10 Lakhs.

5.       Muthoot Gold Shield is provided at a nominal premium, which is lower than industry average

6.       ZERO documentation is required and it takes less than 2 minutes to generate a policy

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Brigade announces the launch of third mall – Orion Uptown

For an Uptown Experience!

Brigade announces the launch of third mall – Orion Uptown

December 7, 2020, Bengaluru : The Brigade Group, announced the launch of its third mall in Bengaluru as part of its mixed-use development, Brigade Golden Triangle located on Old Madras Road at the Whitefield-Hoskote crossing. The Orion Uptown Mall is over 3 Lakh sqft and is the latest addition to the neighbourhood that also has a 7 lakh sqft commercial office space, a 140-key room Holiday-Inn Hotel and over 800 residential units.

The mall was envisioned to address the much required retail hub that is customer-centric and the perfect blend of a relevant retail mix and convenience shopping. Orion Uptown is well poised to cater to the immediate micro-market, primarily comprising young working professionals and double-income nuclear families with a burgeoning middle income. It is also close to the up-country market and will serve as a welcome pitstop for highway travelers.

Apart from the signature comforts and ambience, the mall features a good mix of fast fashion brands, hypermarket and utility formats such as consumer electronics, international chain of QSRs and entertainment. The leading brands which are currently operating in the mall include PVR Cinemas with 5 screens, Reliance Digital, Health & Glow, Reliance Trends, Max Fashion, Pizza Hut, Flavours of Malabar, Go Colors, etc. And, brands such as Burger King, Taco Bell, KFC and ALL Market (Hypermarket) are opening soon.

“Our approach to Orion Uptown was conscientiously different right from the planning and conceptualization stage to all the way up to execution and launch of the Mall. Instead of leaving it as run of the mill neighborhood mall, we explored every avenue and curated a specific set of factors to offer a high utility immersive neighborhood retail experience of consumer relevance and convenience. By meticulously analyzing the location and its populace, the proximities, road accessibility and nearby towns, we defined our own vision of what the mall should be. I think the real magnitude of our efforts will be evident to anyone who visits the mall. I believe Orion Uptown is so much more than just a neighbourhood mall.” opines Shashie Kumar, COO – Retail, Brigade Group.

Orion Mall has also launched a free Bus Shuttle Service for customers from Kolar and Malur to and from Orion Uptown Mall. We believe that this will make it more convenient for customers of these high potential towns to visit the newly launched mall.

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Seamless and safe launch of 4 x 50 Meters Girders over NICE Peripheral Toll road at Kanakapura Road Junction and Mysore Road Junction

The aerial picture shows an engineering marvel wherein Bangalore Metro Rail Engineers and NICE Toll Road Engineers worked in tandem to ensure seamless and safe launch of 4 x 50 Meters Girders over NICE Peripheral Toll road at Kanakapura Road Junction and Mysore Road Junction with minimal traffic disruption or stoppage. The launch of these girders signal the completion and operationalization of Bangalore Metro Rail Extension lines on these Routes.

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Mimaamsa – India’s first-of-its-kind ‘premium Decorative Lighting’ brand launch by DITIPL

*Four corporate executives with over 100 years of collective experience in top organisations take plunge in business as entrepreneurs
*On a mission to support PM’s vision of ‘Make in India’ by starting the manufacturing infrastructure

Bengaluru, November 2020 : While the world was battling against the Covid 19 pandemic since the month of April this year, four corporate executives were tirelessly working on launching their own company into Decorative & Commercial Lighting segment in India.
Deepavali in India is known to be the “festival of lights”. Subsequently, it was an apt period to launch Mimaamsa – India’s first-of-its-kind premium Decorative Lighting brand by Decorative Innovation Technologies India Pvt Ltd (DITIPL).
DITIPL had to confine itself to launch the ‘Mimaamsa’ brand digitally by sharing the Product Portfolio having more than 5000+ products with 24 Franchisees, who are known as ‘Premium Project Associates’ in cities like Mumbai, Delhi, Bengaluru, Pune, Nashik, Chennai, Hyderabad, Kolkata, Kochi, Ludhiana amongst others.
DITIPL is positioned as a highly innovative decorative and technical Lighting company present in both formats – Online and through Outlets. Mimaamsa range is a ‘premium decorative lighting and artefacts’ brand that has the USP to deal in complete and complex range of materials from simple iron metal to high lustre crystal pieces.
On the organisational front, DITIPL’s mission is to build an organisation ignited with passion & domain expertise in providing premium designer lighting solutions in the Indian market. It wishes to create an enriching value proposition to its Distributors who will be professionally trained & equipped to deliver best-in-class service to satisfy the customers. Finally, it is going to be a technology-backed enterprise with state-of-the-art ERP and CRM solutions in place in order to meet the distributor & end customers’ requirements.
Amit Seth, Managing Director, DITIPL said, “The lighting sector has been still considered ‘unorganised’ because of a lot of pain points like – high dependence on imports from China, lack of product options and presence of strong Pan-India brand, limited availability of manufacturing capabilities to brand reliability and sustainability. At DITIPL, our vision is to create a complete product range from premium decorative lighting fixtures to technical and commercial lighting with impeccable capability to service art-effects to match the original design intent of our partners like Lighting Designers, Architects and Interior Designers etc.”
As a company, DITIPL has a strong emphasis on Customer Education through its ‘Training & Development’ initiative and plans to have highly trained team of Distributors across India to understand the client requirement and provide suitable and efficient solutions. DITIPL plans to grow its Distributor network to 100 in the next 12 -18 months.
Says Deepak Kanulkar who drives the Government Projects & Brand Initiatives of DITIPL, “India is witnessing ‘exponential growth’ in the various areas of public infrastructure ecosystem like Smart Cities, Museums, Sports Stadiums, River fronts, Parks, Airports etc. We at DITIPL are committed to contribute in this endeavour of ‘nation-building’ by supplying high quality international brands along with our own products that will help in beautifying the public infrastructure across all states and union territories of India.”

As a business strategy in premium decorative segment, DITIPL aims to promote Mimaamsa products in sectors like Commercial, Retail, Restaurant, Hospitality, Hi-end Residential, Outdoor & Public Spaces.
Meanwhile, the Company as mapped it target overall business segments very carefully and will focus on Airports, Sports infrastructure, Museums, Parks, River Fronts, Heritage Sites & Religious Structures, Roads & Bridges, Ports etc in addition to outdoor and indoor LED screens.
The management team at DITIPL is represented by two ex-financial services professionals Amit Seth and Harideep Salwan, who have represented financial services institutions like HSBC, AIG, HDFC, ICICI amongst others; Ashish Narang who comes with over 25 years of experience in Lighting having worked with brands like Clipsal, Crompton Greaves, Osram etc and Deepak Kanulkar who has spent over 27 years in Strategic Communications, PR & Public Affairs working for organisations like Bombay Chamber, Cipla, Hinduja, Coca-Cola India, Tata AIG, GRI etc.
DITIPL currently has its offices in Mumbai, Bengaluru and Delhi.

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FRANCES NO. 1 MILK BRAND; LACTEL, NOW IN INDIA ANDREADY TO TAKE THE DAIRY MARKET BY STORM

Hyderabad, 12th November 2020 : Lactel, Frances No 1 milk brand has launched its affordable UHT toned milk 1 Litre packet at an MRP of Rs 70 and looks to provide consumers with the best of nutrition.

The launch of UHT milk marks the entry of the world-famous brand Lactel in India, which was founded in 1967 and today has over 50 years of experience and is present in over 50 countries. Groupe Lactalis in the past has had a strong involvement in the Indian Dairy Industry wherein several Indian dairy brands such as Thirumala, Anik and Prabhat are today part of the group.

Lactel UHT milk comes fortified with Vitamin A & D, covering the need for nutritional goodness, ensuring better immunity, stronger bones and muscles with strict regular quality checks. Lactel has now entered the Indian market as a brand ready to position itself with its strong focus on high quality products meeting existing French, Indian & global standards, while ensuring retention of all the nutritional goodness in their affordably priced packs.

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