Company continues to pursue path of continued growth with profitability
Bengaluru, 16th Nov 2022: New India Assurance, in its half yearly results for FY22 reported improvement in underwriting performance by 15%. The gross written premium (GWP) for the half year ended 30th September 2022 saw a growth of 1.90% compared to the same period last year. It is noteworthy that the growth was achieved despite a substantial quantum of premium in Crop & Government line of business not renewed in the current year as compared to the previous year. The company’s solvency margin improved to 1.77x as on 30th September 2022 in comparison to 1.66x as on 31st March 2022. The company’s Combined ratio improved to 117.06% in the first half of the current financial year as compared to 120.66% for the year ended 31st March 2022. The company was able to report a profit despite recognizing the 5-year impact of wage arrears and wage revision of about Rs. 2,600 crore as additional liabilities during the current quarter. Commenting on the results Mrs Neerja Kapur, Chairman cum Managing Director said, “The company is continuing to pursue its strategic path of continued growth with profitability which led to the company shedding some unprofitable business. Our emphasis is on improvement in bottom line & solvency ratio.”
The upgraded eye hospital will provide safe and reliable treatment for eye ailments of all kinds using latest, state-of-the-art technology
Dr Agarwals Eye Hospital will offer free consultations at the new facility from today till November 30, 2022
Bengaluru, November 15, 2022: Dr. Agarwal’s Eye Hospital, a renowned eyecare chain spread across India and abroad, today unveiled its upgraded eye care center at Padmanabhanagar in Bengaluru. Shri. R. Ashok, Revenue Minister, Government of Karnataka and MLA – Padmanabhanagar inaugurated the Padmanabhanagar facility in the presence of Shri Anjanappa and Smt. Shobha Anjanappa, Ex BBMP Corporator – Padmanabhanagar Ward, Dr Ravi, Regional Medical Director, Dr. Agarwals Eye Hospital, and Dr Neelima, Consultant Ophthalmologist, Dr. Agarwals Eye Hospital.
The objective of the new upgraded center is to offer one-stop-solution for all kinds of eye ailments to the people of southern part of Bengaluru. The new center will offer free consultations for patients till November end.
Congratulating stakeholders on the launch of its a new facility, Shri. R. Ashok, Revenue Minister Govt of Karnataka, MLA – Padmanabhanagar said, “I am delighted and honoured to be part of this new center launch which I am sure will offer the best eye care service to people in south Bengaluru and beyond. This center will make eye health accessible for residents under a team of experienced and trusted doctors.”
Dr. Ravi, Regional Head – Clinical Services, Dr. Agarwals Eye Hospital said, “At Dr. Agarwal’s Eye Hospital, we are driven by our commitment to bring the latest technology and treatment to our patients. This new center will provide the world-renowned clinical excellence of one of the best eye-care institutions in the world, and is aimed at providing residents access to global ophthalmology experts and other world class amenities under a single roof. This hospital adheres to our commitment of offering outcome based high quality clinical care for our patients.”
Speaking at the event, Dr Neelima, Consultant Ophthalmologist, Dr. Agarwals Eye Hospital said, “We understand the huge demand from the people of South for quality eyecare. However, the incidence of diabetes-induced eye problems and with the rise in screen time, pollution, sedentary lifestyle and unhealthy eating habits, eye related ailments are on the rise. Therefore, having a dedicated and trusted facility for treating eye ailments is the need of the hour. We are happy to launch this Upgraded center in Bengaluru, which is committed in offering outcome based high quality clinical care for our patients.”
With the inauguration of this center, Dr. Agarwals Eye Hospitals now has a total network presence of 130+ hospitals spread across India and Africa. The Groups presence spans across 11 countries and over 16 states in India. Its facilities are staffed by a team of over 400 ophthalmologists and 4,000 employees.
Bengaluru, November 15:Life is Calling, a Sports Management Company is into promoting sporting events like Marathons and Cyclothons in different cities of the state for the past 12 years. We are organising the 9th edition of Thump! Celebration Bengaluru / Marathon and 10K Run on December 4th on NICE Road.
Thump! Celebration Bengaluru Half Marathon & 10 K Events will be held on Sunday,
December 4, 2022.
The venue will be NICE Toll Plaza, behind PES College, Ring Road, Nayandahalli, and Bengaluru.
The event will be flagged off at 5.00 am which will have 30Kms, 21 Kms Half Marathon, 10 Kms Run in the Competitive category for participants who are 16 yrs and above and 5 Kms FUN RUN/Walk in the Non-Competitive category for participants who are 11 yrs and above.
The Celebration Run Series promotes good health, fitness and encourages good causes with Celebration being the theme.
“All the participants will be presented with a branded T-Shirt, finisher Medal, breakfast and Timing Certificate. Brooks our running partner will award gift vouchers worth Rs.7000, 5000 and Rs.3000 for the top-3 Men and Women Winners in Open (16-45 Yrs.), Senior (46-60 years) and Veteran categories (61+ Years)”, said Sunil.
The event is being organised in association with ThoughtFocus, the Official Sponsor, Kotak Mahindra Bank, the Banking Partner and Aegma Capital, our Finance Partner.
Tour de Malnad, our biking tour partner for the event will provide Cycling Marshalls for the event.
The event is supported by Nandi Infrastructure Corridor Enterprise (NICE) to provide a great
experience for all our runners on the NICE Corridor.
This year, the event under the auspices of the CSR team of ThoughtFocus will be supporting Government School development initiatives.
Mr. Padmanabha Thirumalaiah (Paddy), Vice President & Country Head ThoughtFocus, Dr Kumaran Sampath – MD & CEO of Aegma Capital Services Pvt Ltd, Sunil PV Race Director, Life is Calling Sports and others will be present on the day of the event.
REDECON 2022 National Seminar and Exhibition on SUSTAINABLE DEVELOPMENT THE FUTURE, November 17th and 18th November 2022 at NIMHANS Convention Centre, Bengaluru India
Association of Consulting Civil Engineers (India), in its constant endeavor to serve the Civil Engineering fraternity, is conducting a Two day National Seminar and Exhibition, Recent Development in Design and Construction Technologies REDECON 2022 SUSTAINABLE DEVELOPMENT THE FUTURE on 17th and 18th November 2022 at the Convention Hall, NIMHANS Campus, Hosur Road, Bangalore.
REDECON 2022 (Recent Development in Design and Construction Technologies) is one of its kind MUST ATTEND seminars for civil engineering professionals in Construction Industry. This Seminar addresses trending issues and disseminate necessary technical know-how to reduce the Carbon Footprint, achieve net-zero water and energy, Improve Air quality, reduce pollution, save natural resources including water, evolve strategies to mitigate Global Warming, Codal provisions, Climate Predictability Etc. All the technical sessions during the seminar will be dealt with case studies by experts. This seminar will also be an eye-opener for young engineers to analyze Sustainability as a business model.
According to Er Shrikant S Channal, Chairman & Er Ajithkumar S M, Secretary, BLC ACCE Bengaluru The main object of the ACCE (India) is to encourage and foster the latest technological advancements in the field of civil engineering and prepare them to carry out futuristic designs with an eye on assurance of quality, to give access to technical resources, to hold conferences, workshops, seminars and arrange lectures by distinguished engineers from India and abroad and to conduct study tour of projects. The purpose is dissemination of knowledge amongst the civil engineers in particular and the society at large.
Speaking on the occasion Dr. Ajit Sabnis Past President, ACCE (I), said The world we live today has changed and the human activities have propelled the planet into a disaster mode. The 17 Sustainability Development Goals that are adopted by 195 member economies under United Nations act as pointers to Sustainable Development. Construction Industry is responsible for about 40% of the total global Green- house Gas Emission and therefore, construction industry in general and Civil Engineers in specific have greater responsibility on their shoulders.
Mr. Rajesh Kannan feels that Construction Sector is one of the most resource-intensive and high-carbon sectors. The amount of natural resources used in buildings and transport infrastructure increased multifold 1900 and 2010 and approximately 70% of global greenhouse gas (GHG) emissions are caused by the construction sector. Following the linear growth model, both resource extraction and GHG emissions will continue to increase in the future as more infrastructures are built to meet the needs of a growing and increasingly urban population.
ACCE (I) – Bangalore Centre has been organizing Biennial event REDECON (Recent Development in Design and Construction Technologies) Conference and Exhibition in Bangalore viz., 2005, 2007, 2008, 2010, 2012, 2014 and now 2022. All of them have been well received by the civil engineering community. About 14 Eminent personalities will be deliberating on main themes related to Sustainable Development on all the days. We have received overwhelming response by experts from the field, research, faculty and students and we intend to reach more professionals through the mega event.
The Conference will be inaugurated by Dr Shalini Rajnish, IAS, ACS, GOK, Dept of Statistics & Programme implimentation. The event is also graced by Dr Selvakumar, IAS, PS, PWD, GOK.
› Celebrates the success of INDIA 2.0 with global congregation in the hills of North India
› India strengthens position to become third largest market for ŠKODA AUTO globally
› Strong export thrust of Made-in-India, Made-for-India MQB-A0-IN platform cars to Gulf Countries
› Meet also commemorates KUSHAQ as the safest car in India with GNCAP 5-star crash rating for both adult and child occupants
Mumbai, November 10, 2022 – ŠKODA AUTO India celebrated the last quarter of 2022 with an international congregation in the picturesque backdrop of the Himalayas in Dehradun. The Peak-to-Peak Drive showcased the achievements of the company and its India-made products to a large gathering consisting of automotive experts from India and around the world. ŠKODA AUTO India also commemorated the full 5-star crash safety ratings for the KUSHAQ at the recently-conducted GNCAP crash tests.
Commenting on the occasion, Mr. Petr Šolc, Brand Director, ŠKODA AUTO India said, “Usually, we call the world to our Mladá Boleslav headquarters and showcase our products. It gives me great pleasure and pride to invite the world to India to showcase our India-developed and India-made products, which have proven themselves on the world stage. It was an incredible few days for all of us at ŠKODA AUTO India, interacting with experts from India and the world. Our INDIA 2.0 heroes were in their element in the beautiful foothills of the Himalayas. 2022 has been a remarkable year for us. With the response we have received, we are confident of carrying forward this momentum into 2023, and beyond.”
The congregation saw auto enthusiasts from India, Germany, Slovakia, Ireland, Belgium, France, Austria, and the Czech Republic.
ŠKODA AUTO India also announced the introduction of the Anniversary Edition of the KUSHAQ, with Model Year 2023 updates to both the KUSHAQ and the SLAVIA to follow.
The year 2022, with more than a month to go, has already seen ŠKODA AUTO India record its Biggest Year in India with the sale of 44,500 cars from January to October this year. Within this time, the company also witnessed record-breaking sales months, sales quarters and H1, showcasing the success of its INDIA 2.0 project and the Made-in-India, Made-for-India MQB-A0-IN platform. The KUSHAQ SUV, launched in July 2021 and the SLAVIA sedan launched in March 2022 are based on this platform and have accelerated the company’s growth and stature in the Indian market. India is now the third largest market after Germany and the Czech Republic and the largest outside Europe for ŠKODA AUTO globally.
The last month saw the KUSHAQ earn a 5-star rating for both adult and child occupants, the only car made in India to have achieved this double score. The KUSHAQ is also the first made-in-India car to be tested under the newer, more stringent GNCAP test protocols. The GNCAP rating highlights the competence and quality of the MQB-A0-IN platform and ŠKODA AUTO India’s no-compromise strategy on safety.
Both the SLAVIA and the KUSHAQ are equipped with a range of active and passive safety features. These include Three-Point Seat Belts with Individual Headrest for all passengers, up to Six Airbags, Roll-Over Protection, ISOFIX mounts for Child Protection, Hill Hold Control, Electronic Stability Control, Tyre Pressure Monitoring System, ABS with Traction Control System, Electronic Differential Lock System, Multi Collision Braking, Electronic Brake-force Distribution, Brake Disc Wiping and Rear Parking Sensors with Camera.
Through 2022, ŠKODA AUTO India furthered on its INDIA 2.0 strategy focusing not only on its products, but also rejuvenating its business processes. While the company registered new sales records with the KUSHAQ and SLAVIA, it is also enabled lower maintenance costs for its cars, being closer and more accessible to customers and expanding its reach and network across India. From 175 touchpoints in December 2021, ŠKODA AUTO India has already crossed 220 touchpoints and is on track to touch 250 touchpoints by the end of the year. The company also upgraded its showrooms by completely digitalising them to offer an India-first fully immersive and interactive experience to customers.
Moreover, in an endeavour to enhance customer engagement and interaction, the manufacturer also introduced the revolutionary Fans of ŠKODA movement. It provided a platform for fans and customers of the brand to meet, engage and interact with each other with the leadership team of ŠKODA AUTO India. Fans of ŠKODA has already visited 9 cities and seen more than 270 ŠKODA owners, fans and their families come together.
INDIA 2.0 was set in motion in 2018, and a new Technology Centre was set up in 2019 in Pune, which played a huge role in the development of the MQB-A0-IN platform on which the SLAVIA and KUSHAQ are based.
The MQB-A0-IN platform INDIA 2.0 cars are 95% localised in India and are already being exported to left-hand drive markets countries in the Gulf. These Made-in-India cars are going to be assembled in Vietnam in 2024 with parts and components exported from ŠKODA AUTO India’s facility in Chakan. The manufacturer will be debuting in the Vietnamese market in 2023. With these export and assembly operations, India has turned into an international hub for ŠKODA AUTO in the world.
Further information:
Sunny Arora Saurabh Dedhia
Product and Brand Communications Product and Brand Communications
is successfully steering through the new decade with the NEXT LEVEL – ŠKODA STRATEGY 2030.
aims to be one of the five best-selling brands in Europe by 2030 with an attractive line-up in the entry-level segments and additional e-models.
is emerging as the leading European brand in India, Russia and North Africa.
currently offers its customers 11 passenger-car series: the SLAVIA, FABIA, RAPID, SCALA, OCTAVIA and SUPERB as well as the KAMIQ, KAROQ, KODIAQ, ENYAQ iV and KUSHAQ.
delivered over 870,000 vehicles to customers around the world in 2021.
has been a member of the Volkswagen Group for 30 years. The Volkswagen Group is one of the most successful vehicle manufacturers in the world.
independently manufactures and develops not only vehicles but also components such as engines and transmissions in association with the Group.
operates at three sites in the Czech Republic; manufactures in China, Russia, Slovakia and India primarily through Group partnerships, as well as in Ukraine with a local partner.
employs more than 43,000 people globally and is active in over 100 markets.
ŠKODA AUTO INDIA
fascinating customers in India since 2001.
offers five models in India – SLAVIA, SUPERB, OCTAVIA, KUSHAQ and KODIAQ.
present in more than 130 cities across the country with over 220 customer touchpoints
recorded a triple digit growth of 130% with 23,858 units sold in 2021
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