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

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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

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

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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.

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

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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.

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Ashok Leyland launches BOSS LX and LE with i-Gen6 Technology

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BOSS will increase the offensive in Intermediate Commercial Vehicles segment

22 October 2020, Chennai: Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer, today launched the BOSS LE and LX Trucks, with i-Gen6 BS-VI technology in BS6. BOSS Brand has been one of the leading brands, from Ashok Leyland, in the Intermediate Commercial Vehicle (ICV) segment. These two vehicles will address the 11.1 tonne to 14.05 tonne GVW market. Customers can choose from multiple combinations – Loading span from 14ft to 24 ft and body type options of high side deck, fixed side deck, drop side deck, cab chassis, container and tipper. Prices of BOSS LE and LX start from INR 18 Lakhs, ex-showroom Mumbai / Delhi / Chennai.

The BOSS platform offers multiple applications including usage for parcel & courier, poultry, white goods, agri-perishable, e-commerce, FMCG, auto parts and reefer, among others. Customers can choose from two cabin options and expect multiple improvement over BS-IV technology like up to 7% higher fluid efficiency, up to 5% better tyre life, up to 30% longer service interval and up to 5% lower maintenance cost. BOSS will be available as a fully-built option with class-leading ergonomic and safety features for the driver. It comes bundled with digital solutions like i-Alert, remote diagnostics.

Mr. Vipin Sondhi, MD & CEO, Ashok Leyland, said,“We have been on track with our plans, despite the challenging year we are all facing. Starting with the AVTR launch, followed by DigitAL Nxt suite of digital solutions, BADA DOST and now the BOSS ICV trucks, we aim to give our customers the latest and most advanced products and technology.  With this launch in our BOSS range, our ICV offering is now one of the best in the market. ICVs are seeing a spurt in demand and this is the best time to introduce our proven I-Gen6 BS-VI technology in one of our best-selling brands in the portfolio. These launches will further strengthen our portfolio and help us achieve our Vision of being in the Global Top 10 CV makers.”

Mr. Anuj Kathuria, COO, Ashok Leyland, said,“We have been steadily gaining market share in the ICV segment for the past eight years and our brand, BOSS, has been leading that growth. From 6% market share in FY12, we are now selling over 20% ICVs in the Indian market. With the new BOSS LE and LX, we have further improved on our USPs of higher fuel economy and durability, making it a compelling choice for ICV customers. These new vehicles address a fast growing segment, which demands high uptime, for long distances. We are confident that the new BOSS will not only drive us towards a cleaner future, with its i-Gen6 engines, but also contribute to our Vision of being in the Top 10 Global CV Makers. A true example of ‘Aapki Jeet, Hamari Jeet’, BOSS promises to deliver higher profitability while keeping the operations stress-free for customers.”

The BOSS LE and LX comes with 4 Yrs /4 Lacs Km warranty which can be extended up to 6 years.  It also comes with 4 hrs Response and 48 hrs restoration promise.  Considering the high uptime requirement for these vehicles, it will be supported with ‘Quick accident repair’ and will have an exclusive bay at workshops. Customers have 3000+ touch points for ease of access to sales and aftersales support, all supported by 24×7 customer assistance Uptime Solution Centre and Service Mandi network.

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Residential markets of Bengaluru on the path of recovery, as consumer demand shifts to peripheries reveals Magicbricks PropIndex report

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–          Searches amongst the BHKs and size buckets in Bengaluru remained  unchanged pre-COVID vis-à-vis post-COVID

–          Consumer preference in Bengaluru is focused in peripheral areas

–          Mid-segment configurations (2 & 3 BHKs) continued to drive most traction

Noida, October 22, 2020: With the easing of the economy due to the gradual process of unlocking, the residential real estate market of Bengaluru has scaled back to normalcy as searches for property grew by 47% in the July–September quarter after witnessing a fall of 14% during the April-June quarter amid COVID lockdown, reports the latest Magicbricks PropIndex Report for the July-September 2020 quarter.

A clear demand shift towards affordable housing was witnessed during the September ending quarter, as searches increased for properties costing less than Rs.5,000/ sqft. However, home buyers are retaining size preference but reducing budgets to move to the periphery regions as revealed by the Magicbricks PropIndex Report.

Interestingly, the decline was witnessed in the sub-Rs.7000/sqft price buckets. Under Construction properties continued to be sluggish and posted a 1.5% price dip in Q3 2020. Overall price decline arrested to just 0.5% in Q3 2020 post the onset of unlock process.

Commenting on the PropIndex report, Sudhir Pai, CEO, Magicbricks, said, “The next 6-8 months are crucial for the revival of residential sector. The onset of the pandemic and the ensuing lockdown have changed consumer preferences. Today, the shift is towards affordability as home buyers have reduced their budget but they haven’t changed their preference in terms of BHK or size, they are moving towards the peripheral regions. With the festive season just around the corner, we are witnessing a sharp recovery in demand and prices have remained stable for the July-September quarter. This augurs well for the industry and we hope consumers’ buying sentiment will continue to improve and translate into transactions in the coming quarters.”

It is interesting to note that Bengaluru has a healthy market for most BHK configurations, with demand matching supply. The market is well distributed between affordable and mid-sections, with 2 and 3 BHKs having the largest share of demand and supply, while 1 or greater than 3 BHKs taking up ~10% of the pie. It was observed that Mid-segment configurations (2 & 3 BHKs) continued to drive most traction, and accounted for more than 90%.

Whitefield, Sarjapur Road and Bellary Road continue to be the top 3 micro-markets of Bengaluru due to continuous IT development in the region and the upcoming metro facility. The upcoming metro line in Kanakapura Road has led to a significant rise in demand in Q3 2020. The development of new office spaces such as Amazon and Apple is likely to boost residential demand in close proximity areas.

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