Mumbai August 05, 2020: IDBI Bank announced the launch of four specialized gold loan branches branded as “IDBI Swarna Kalash”, by remodeling its existing branches. These branches are located at Neelamangalam, Sivaganga, Vijaya Nagar, Bengaluru and L .B. Nagar, Hyderabad.
IDBI Bank in their Q1 FY21 Financial Results reported an increase in the growth trajectory with Gold Loans as one of the premium product with minimum delinquencies.
These specialized Gold Loan Branches will facilitate quick, transparent and hassle free Gold Loan financing. The Gold Loans are offered at a competitive interest rate, starting from 8% p.a., to cater to the increasing credit demand in the Agri, PSL, and rural markets. Overdraft facility is also available under these loans and can be applied via a digital platform.
Shri. Rakesh Sharma, MD & CEO, through a virtual mode, inaugurated these four branches in the presence of Deputy Managing Directors Shri Samuel Joseph and Shri Suresh Khatanhar, and Executive Director Shri Rajeev Kumar. Speaking at the launch program, Shri Rakesh Sharma MD & CEO said that “We have witnessed a surge in the demand gold loan and have conceptualized “Swarna Kalash” as a premium offering of IDBI Bank. Our focus is on creation of such specialized branches to cater to the demand in the market and facilitate an easy access to our gold loan customers.”
Bengaluru, 5th August 2020 – Classic Legends Pvt. Ltd. has begun the delivery of BS-VI models of Jawa and Jawa forty two through its dealership network across the country. Both models are now available for display, test rides and booking at the following Jawa dealership.
Both Jawa and Jawa forty two continue to sport the 293cc, liquid cooled, single cylinder, DOHC engine. Both bikes now feature India’s first cross port technology that increases the volumetric efficiency of the engine by enabling better flow of charge and exhaust gases, and improves power and torque output.
This engine is the world’s first single cylinder engine that uses the cross port configuration and develops similar power and torque to the BS4 configuration to offer the same superior riding experience to the customer. This tech also helps the motorcycles retain their characteristic twin exhaust identity and meet the stricter BS-VI emission standards while retaining similar power and torque numbers.
With the world’s first Cross Port configuration on a single cylinder engine, the Jawa’s newly positioned lambda sensor monitors internal and external variables even more efficiently to give a consistent performance and cleaner emissions regardless of any road condition. The throttle response has been made crisper to respond to even the slightest inputs with precision through improved fuelling.
The motorcycles are also available with a range of easy finance options, that minimize the upfront spend and allow the customers the flexibility of paying the EMIs over a period of two or three years.
The Finance Options on offer across Jawa dealerships are:
Scheme 1 – 50% off on first 3 EMIs
Scheme 2 – Special EMI plan @ Rs. 5,555/month
Scheme 3 – EMI plans as low as Rs. 8,000 @ 2years and Rs. 6,000 @ 3years
100% funding | Zero down payment | No income proof required. *T&C apply
Classic Legends has put in place a comprehensive standard operating procedure across its sales outlets and the dealerships have been adhering to the policies and measures directed by the Central and State governments with respect to the safety of customers, employees and visitors. The showrooms are functional with teams trained and equipped to follow social distancing, hygiene and sanitation protocols.
Bengaluru, 4th August 2020 : SBI Card, the country`s second largest credit card issuer announced that Mr. Ashwini Kumar Tewari has taken over as the company`s new Managing Director and Chief Executive Officer. The baton passes from Mr. Hardayal Prasad who retired on July 31, 2020, following a successful tenure during which the company achieved many significant accolades.
Mr. Ashwini Kumar Tewari is a career banker with over 29 years’ experience with State Bank of India, including domestic and foreign postings. Prior to taking charge at SBI Card, since April 2017 Mr. Tewari held the position of Country Head of US Operations at SBI, based in New York. He also served as Vice Chairman of the State Bank of India (California) Board of Directors.
Commenting on the development, Mr. Dinesh Khara, Managing Director, GB &S, State Bank of India said, “We are pleased to welcome Mr. Ashwini Kumar Tewari as the MD & CEO of SBI Card. He has demonstrated authentic, adept leadership in diverse positions both in India and abroad, during a successful career. We believe that he has the strategic vision and skill sets to lead the rapidly growing credit card business. We are confident that he will be able to further strengthen SBI Card’s market share and propel the business to new milestones.”
Mr Ashwini Tewari, MD & CEO, SBI Card said, “We are at the cusp of an interesting time – there is a digital payments revolution sweeping India today and the country is firmly on the path to becoming a digital economy. SBI Card has achieved stellar success so far; and with the right focus on innovation, technology and customer service, the company remains poised to capitalise in a big way on the significantly underpenetrated Indian credit card market. I look forward to steering SBI Card’s efforts to enhance customer experience at every touch point, fuelling growth and strengthening our position as industry leaders.”
He added, “My immediate goal is to ensure sustained business performance as seen in the last two quarters, despite the challenging environment. In the long run, my endeavour would be to enable SBI Card to scale new heights along with the robust management team that has been driving the growth of this exceptional company.”
Mr Tewari started his banking career with SBI in 1991 as a probationary officer. He has expertise in driving business, administration, and HR. He has experience in diverse leadership roles, extending across significant business functions like Credit, International and Retail Banking including Business Process Re-engineering. He was involved in the bank technology upgrades in Core Banking and Internet Banking platforms and acquisition of a new Trade Platform.
In his previous assignments, he served as Regional Head and GM, East Asia Hong Kong and oversaw operations of SBI in Hong Kong, China, Japan, Korea, and the neighbouring region. He also served as Deputy General Manager, (Operations & Information Systems), IBG, Mumbai and Head of SBI’s Cash Management Services. Mr. Tewari has served on the boards of International Institute of Bankers, New York and University of Washington Global Bankers Program.
Mr. Tewari holds a bachelor’s degree in Engineering (Electrical). He is also a Certified Associate of Indian Institute of Bankers (CAIIB) and Certified Financial Planner (CFP). He has a CFPCM certificate and is ACAMS certified.
(Bengaluru, 04th August 2020): With an objective to drive precedence in one of the most significant categories in Indian exports, eBay in India announced its association with the International Gemological Institute (IGI).The largest organization of its kind, IGI is a highly trusted name in certifying the widest variety of gemstones and jewelry in the world.
The Gems and Jewelry Certification program (GJCP) introduced by eBay for Indian sellers primarily aims to support the country’s jewelry industry in the global market and establishing eBay as an ultimate destination for fine jewelry products. The sellers can now get their products certified from IGI at the most competitive pricing available exclusively to the Indian domiciled eBay seller community.
Commenting on the launch, Mr. Vidmay Naini, India Country Manager at eBay said, “At eBay our aim is to provide our sellers avenues to win more customers across the world and to get global customers the best quality of products. Our association with IGI is a step in that direction. Transparency and authenticity are the topmost considerations while making a purchase for fine jewelry. In the current scenario, with most of the purchases happening on the e-commerce platforms, it is only fair to say that consumers expect authenticity in what they purchase. The certification of Diamond Jewelry and loose stones will foster that confidence in the buyers and sellers alike on eBay.”
He further added, “Loose Diamonds & Gemstones category has witnessed a healthy push in the previous quarter with the introduction of GJEPC certification program. Meeting the demand for higher priced gemstones along with building trust amongst the buyers globally through certification has been the strategic approach at eBay INCBT, and we will continue to build upon the same in 2020 and onwards.”
Mr. Tehmasp Printer, Managing Director at IGI said,” We at IGI, consider the association with eBay as the beginning of a revolutionary consumer experience. With IGI certification, customers can now purchase their jewelry online, validated as per internationally acclaimed grading standards and practices. We look forward to empowering buyers on eBay with our services.
eBay Sellers domiciled in India can avail Gems and Jewelry Certificate Program benefits in three simple steps:
1. Sell the Gemstone and Fine Jewelry Items on eBay marketplace
2. Apply and obtain IGI certification for such Fine Jewelry items
3. Ship the certified Fine Jewelry items with the IGI certificate to buyers
The Indian jewelry industry holds prominence on the platform and has shown a steady growth in recent years, providing a shining example of achieving international competitiveness. With real-time insights into the global market demands, eBay- INCBT has enabled some of India’s top diamond jewelry manufacturers and exporters who offer latest designs best quality diamonds and free customization at aggressive price points to the world.
eBay is committed towards understanding the concerns of both the buyers and sellers alike. The IGI certification provides a global standard of excellence to the diamonds and loose stones exported from India and gives much needed impetus to this commitment.
Push your limits with innovative indoor bike trainers providing a realistic ride feel
New Delhi, 4th August, 2020: Bringing more thrill for the cycling enthusiasts in India, Garmin India today launched Tacx’s smart range of indoor cycling trainers and rollers including Flux 2 Smart, Flux S Smart, Antares and Galaxia roller trainers. The newly launched trainers will create ‘a one-of-a-kind’ indoor cycling experience and be an ideal indoor training companion for cyclists.
The tacx range of indoor cycling trainers provide very realistic ride feel and accurate track of your performance. These smart bike trainers are everything you need for an enjoyable and efficient indoor training session equipped with advanced features making it an ideal training companion. The new range of trainers surely climb the leaderboard in the cycling world.
Ecstatic with the launch of revolutionary smart indoor cycling trainers, Mr. Ali Rizvi, Director of Garmin India said, “Garmin has always aligned itself with fitness fanatics and made sure we support them with the best of products and cutting edge technology to enhance and promote healthy and active lifestyles. Wth the launch of Tacx’s new smart range of indoor cycling trainers, we are sure that these products will definitely be a bench mark for cycling enthusiasts across India. These trainers are equipped with advanced and more powerful features which will make them an ideal training companion and help improve the performance of cyclists in all aspects.”
Flux 2 Smart- a powerful and realistic smart direct drive trainer
The Flux 2 Smart is equipped with a bigger and stronger resistance unit and a heavier flywheel resulting in a wider simulation range, better ride feel and a more accurate power measurement. With a bigger resistance unit, allowing for a wider simulation range, it is able to realistically simulate inclines up to 16% gradient. Providing a reliable, accurate and consistent power measurement FLUX 2 Smart measures your power accurately within 2.5%. The FLUX 2 Smart is designed to bring vibrations and noise levels to the absolute minimum resulting in a very silent flywheel equipped bike trainer. The well-balanced design and large footprint of the FLUX 2 Smart trainer ensures maximum stability, even during the most explosive sprints, up to 2,000 watts.
Flux S Smart – A Smart Trainer that checks all the boxes
The FLUX S Smart is a reliable, accurate and quiet direct drive trainer that features a heavy flywheel for a realistic ride feel. Measuring data accurately within 3%, the FLUX S Smart is designed to provide power, speed and cadence measurements to help riders track their performance and progress. To train for those big climbs, the FLUX S Smart realistically simulates inclines up to a 10% gradient and powers sprints up to 1,500 watts.
Get more from your ride with the Tacx Training App
Designed to make a ride feel as realistic as possible, cyclists can use the Tacx software or take on the virtual worlds of Zwift to experience the road feel feature, which lets the trainer simulate the feeling of riding on different surfaces, like cobblestone and gravel.
The Tacx Training app allows riders to stream a large collection of high-quality films1 and virtually experience their favorite courses, from famous classics to the steep hills of the Alps, live opponents, 3D map rides, structured workouts and more. By downloading films ahead of time using the desktop version, riders can avoid interruptions due to buffering for the best virtual cycling experience possible. Users can also create or upload GPS data from an Edge® cycling computer, or by linking a Strava account and the app will create a 3D map ride, meaning there are no boundaries on where cyclists can train.
While riding, cyclists can view their speed, power, cadence and heart rate2 right on the screen. This data can then be accessed afterwards to help users analyze performance and help them train better. Additionally, cyclists can race against friends who are currently riding the same course, or even select previous rides and use them as a virtual training partner3.
While using the desktop or tablet version of the Tacx Training app, riders can structure workouts based on target slope, power or FTP and sync these plans between all devices and even share them with friends. The Tacx Training app also syncs seamlessly with Strava, making it easy for cyclists to export and share training data.
Pricing and Availability
The Tacx Flux 2 Smart and Flux S Smart are available at the price of Rs. 79,990 and Rs. 69,990 respectively. The Antares and Galaxia roller trainers are available at the price of Rs. 17,990 and Rs. 23,990 respectively.
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