SBI General Insurance, a leading general insurance company has unveiled a series of three brand films reiterating their core values of “Suraksha” (safety) aur “Bharosa” (trust) Dono. The film aims to boost awareness about insurance by portraying relatable real-life situations. By doing so, the brand seeks to establish a deeper and more meaningful connection with its audience, making the concept of insurance more accessible and relatable to people’s everyday lives.

SBI General Insurance launches a new brand campaign across TV and Digital

The brand film features a series of scenarios spanning various non-life insurance product categories i.e., Motor, Health, and SME.

Through an interesting and engaging storytelling format, the films highlight the importance of being prepared for any unforeseen situations that could arise at any point of time in life. The brand film adopts a real-life, humorous tone to highlight these vital insights. E.g. the first Health film depicts a simple carefree picnic day with your family which could suddenly take a U-turn and escalate into an emergency with something as small as choking on a moong phali (peanut), while the second Motor film showcases that another person’s mistake can cause an accident with financial ramifications and the third SME film showcases how having an insurance could give an individual a peace of mind even when one is faced with unexpected obstacles

The objective of the film is to create awareness about SBI General’s diverse product range, catering to various age groups and market segments. This approach helps the audience relate to the scenarios and understand the importance of being adequately insured in different aspects of life.

Commenting on the brand film launch, Mr. Rathin Lahiri, Head Marketing and CSR, SBI General Insurance said, “Insurance is a complex category with low consumer penetration. Our brand communication aims to own the category benefits of protection and trust which are the key benefits that the consumer is seeking from leading brands in this category. The insight behind the film is that unexpected situations can arise at any moment, and being prepared with the right insurance plan from a trusted brand can help you live your life with confidence. SBI General Insurance provides you ‘Suraksha aur Bharosa‘ which lets you lead your life with confidence.”

The series of three ad films focuses on educating the audience on the benefits of being insured, the confidence that it gives the consumer and highlights the hassle-free claims process.

The campaign will be integrated across platforms, including digital media, television, and social media channels.

YouTube links to Brand Films:

youtu.be/27BPmX36xes

youtu.be/ZTfGGT9fMLo

youtu.be/nwXVFGsk9DQ

About SBI General Insurance Company Limited

SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI. We, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and have the vision to become the most trusted general insurer for a transforming India.

Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 141 branches pan-India. Till date, we have served over 34 crore customers. We have been awarded ‘Insurer of the Year’ in the non-life category at FICCI Insurance Industry Awards, for two consecutive years in 2020 & 2021. In 2022, recognized as the Best General Insurance Company of the Year at the Third Emerging Asia Insurance Awards organized by the Indian Chamber of Commerce.

We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 22437 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via digital as well as physical modes.

SBI General Insurance reported a 17.6% growth in Gross Written Premium (GWP) in FY 2022-23 and the GWP stood at Rs. 10,888 crore.

Bharat Petroleum Corporation Limited (BPCL), one of Indias leading energy companies, has announced a remarkable financial achievement, reporting its highest ever half-yearly profit of Rs. 19,052 Crores for the fiscal year 2023-24. This achievement is a testament to BPCLs unwavering commitment to excellence, growth, and strategic innovation.

Shri G. Krishnakumar, C&MD, BPCL

Q2 FY 23-24 Net Profit Surpasses Expectations

BPCLs standalone net profit for the second quarter of FY 23-24 stood at an impressive Rs. 8,501 Crores, a significant turnaround from the loss of Rs. 304 Crores reported in Q2 FY22-23. The consolidated net profit for the same quarter reached Rs. 8,244 Crores, marking a remarkable recovery from the loss of Rs. 338 Crores in the previous fiscal year.

Key Highlights and Strategic Milestones

This exceptional financial performance coincides with several pivotal developments that are shaping BPCLs future:

1. Robust Financial Resilience: Despite challenging market conditions, BPCLs gross refining margins (GRM) for the period of April – September 2023 exhibited resilience at $15.42/bbl, before factoring the impact of Special Additional Excise Duty and Road & Infrastructure Cess, levied w.e.f 01st July 2022.

2. Standalone EBITDA Growth: The standalone EBITDA for Q2 FY 23-24 reached an impressive Rs. 13,679.21 Crores, a substantial improvement from Rs. 1,991.41 Crores in Q2 FY 22-23. The EBITDA margin also saw significant growth, rising to 11.73% in Q2 FY 23-24 from 1.55% in Q2 FY 22-23.

3. Strong Financial Foundations: BPCLs commitment to financial stability is evident in the reduced debt-equity ratio, which was reported at 0.32x as of September 30, 2023, down from 1.10x a year ago.

4. Foundation Stone Laying for Bina Refinery Petrochemical Complex: Honble Prime Minister Shri Narendra Modi laid the foundation stone of a groundbreaking Rs. 49,000 crore Petrochemicals complex at BPCLs Bina Refinery, signaling a significant step toward expansion and innovation.

5. Brand Ambassador Rahul Dravid: The legendary Rahul Dravid was appointed as the brand ambassador for BPCLs Pure for Sure initiative and MAK lubricants. His association with BPCL has been marked by the launch of a brand campaign titled Aapki Gaadi Ka Mr. Dependable, emphasizing the trust and reliability that BPCL offers to its customers.

Remarkable Physical Performance

BPCLs remarkable financial performance is complemented by its strong physical performance indicators:

In the current quarter, throughput rose to 9.35 MMT from 8.82 MMT in Q2 of FY 22-23, reflecting a positive trend in market sales, which increased to 12.19 MMT in Q2 FY 23-24 from 11.44 MMT in Q2 of FY 22-23, marking a growth of 6.56%.

During the period of April to September 2023, throughput increased to 19.71 MMT from 18.51 MMT in the comparative period, while market sales for the same period surged to 24.94 MMT from 23.20 MMT, indicating an impressive growth of 7.50%.

BPCL also achieved its highest-ever Average Ethanol Blending percentage of 11.98% during H1 FY 23-24, showcasing a commitment to sustainable practices.

The expansion of BPCLs network with 300 new fuel stations brought the total to 21,331. The Company Owned Company Operated Outlets network expanded to 338 with 11 new additions during H1 2023-24.

BPCL extended FINO services to 13,722 fuel stations, ensuring convenience for customers. The addition of 14 new distributors in H1 FY 2023-24 expanded the LPG distributor network strength to 6,245, with the customer base reaching 9.23 Crore.

To meet the growing demand for clean energy, 44 new CNG stations were commissioned in H1 FY23-24, bringing the total CNG stations to 1,640 as of September 30, 2023.

Shri G. Krishnakumar, C&MD, BPCLstated, “I am delighted to share that we have achieved a half yearly net profit of ₹ 19,052 crores which is unprecedented in the annals of BPCL’s history.

This achievement will spur us to scale greater heights for advancing progress and the larger purpose of nation building. It would not have been possible without the support of our esteemed employees, customers & business partners who have steadfastly stood by us and contributed to our journey over the years.”

Q2FY24 Financial Highlights

(Rs. Crs)

Consolidated

Standalone

Q2FY24

Q2FY23

% Change

Q2FY24

Q2FY23

% Change

Revenue from Operations

1,16,657

1,28,356

(9.11%)

1,16,594

1,28,333

(9.15%)

EBITDA

13,634

2,088

552.97%

13,679

1,991

587.04%

Net Profit

8,244

(338)

8,501

(304)

H1FY24 Financial Highlights

(Rs. Crs)

Consolidated

Standalone

H1FY24

H1FY23

% Change

H1FY24

H1FY23

% Change

Revenue from Operations

2,44,921

2,66,780

(8.19%)

2,44,851

2,66,722

(8.20%)

EBITDA

30,220

(3,122)

29,981

(3,432)

Net Profit

18,888

(6,486)

19,052

(6,567)

About Bharat Petroleum Corporation Ltd. (BPCL)

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina Refinery have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations and LPG distributors. Its distribution network comprises over 21,000 Energy Stations, over 6,200 LPG distributorships, 525 Lubes distributorships, 123 POL storage locations, 53 LPG Bottling Plants, 70 Aviation Service Stations, 4 Lube blending plants and 4 cross-country pipelines.

Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over next 5 years.

With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.

Skye Air, Indias largest SaaS based autonomous logistics solution provider, is proud to announce its inclusion in the prestigious list of “200 Select Companies with Global Business Potential” by Forbes India. This recognition serves as a testament to Skye Airs unwavering commitment to excellence, innovation, and global business expansion.

Founding members of Skye Air (Right to Left), Ankit Kumar, Founder & CEO, Chandra Prakash, Co-founder, and, Shrikant Sarda, Co-founder

Forbes India, in collaboration with D Globalist, a distinguished Global Business Mobility Accelerator with a vast network of professionals, has curated this list as part of the launch edition of the D Globalist Entrepreneurs Global Mobility Summit (DGEMS). DGEMS aims to celebrate and support visionary founders who are redefining the boundaries of domestic business, embracing a borderless approach to foster global growth and impact.

“We are absolutely thrilled and honoured to be recognized by Forbes India as one of the 200 Select Companies with Global Business Potential,” said Ankit Kumar, Founder & CEO at Skye Air. “This acknowledgment is a reflection of the dedication and hard work of our entire team, as well as a validation of our vision to revolutionize last-mile logistics on a global scale.”

Skye Airs pioneering efforts in enabling just-in-time last mile deliveries have set new benchmarks in the logistics industry, propelling the company to the forefront of the global market. This accolade from Forbes India further reinforces the companys position as a trailblazer in the industry.

In addition to this recognition, Skye Air has recently been awarded the Outstanding Start-up Award by the PHD Chamber of Commerce, a testament to its outstanding contributions to the start-up ecosystem. Furthermore, Skye Air has successfully completed Beyond Visual Line of Sight (BVLOS) drone delivery trials in Dubai, marking a historic achievement as the first Indian company to do so.

“We extend our sincere gratitude to Forbes India and D Globalist for this remarkable recognition. It motivates us to continue pushing boundaries and creating innovative solutions that make a positive impact on a global scale,”Ankit Kumar added.

For more information about Skye Air, please visit www.skyeair.tech.

About Skye Air

Skye Air is India’s leading SaaS based autonomous logistics solution provider with base of operations in Delhi-NCR. The company is focused on streamlining drone deliveries as a mainstream logistics solution for healthcare, e-commerce, quick commerce, agri-commodity and other industries. With a relentless focus on innovation and customer satisfaction, Skye Air is at the forefront of revolutionizing the logistics industry.

Gleneagles Kengeri is the first hospital in IHH India Network to provide Integrative Medicine, extending whole-person care to patients across various disciplines, including Oncology, Obstetrics, Pulmonology, Neurology, Cardiology, and Gastroenterology.

Today, we inaugurate Phase 1, featuring Yoga Therapies, Reiki, Medical Nutrition, and Psychotherapy. In 2024, we will unveil Phase 2, introducing Naturopathy, Acupuncture, and Acupressure to further enhance our services.

Integrative Medicine Launch: Mrs. Sudha Belwadi, Dr. Manjunath Sharma, SA Hussain, Ms. Sumalatha Vasudeva, Prof. Rajeev Gowda, Dr. Crystal DSouza, Dr. Smitha Thamaiah, Biju Nair, Ms. Karthigai Selvi

BGS Gleneagles Hospitals, Bengaluru, is pleased to announce the launch of its Integrative Medicine and Research Department on the 27th of October. This department signifies a notable achievement in our dedication to patient-centered healthcare, with a primary focus on enhancing patient well-being and overall quality of life.

Integrative medicine adopts an approach that harmoniously blends traditional medical interventions with complementary therapies, including Naturopathy, Yoga, Reiki, Acupuncture, Psychotherapy, Medical Nutrition and more, aiming to achieve the highest level of health and holistic healing.

Dr Crystal DSouza, PhD, HoD & Consultant in Integrative Medicine & Research at BGS Gleneagles Hospital Kengeri, Bengaluru, elaborates, “Integrative medicine adopts an evidence-based strategy to address the whole individual, encompassing physical, emotional, mental, and spiritual aspects. By integrating conventional and complementary therapies, it optimizes health and fosters healing.”

Speaking at the occasion, Biju Nair, Cluster COO Gleneagles Hospitals, Bengaluru said, “We are thrilled to be at the forefront of this global movement. While globally recognized institutions have already adopted Integrative Medicine to emphasize its importance, our department further solidifies our commitment to providing a comprehensive healthcare experience that caters to each patients unique needs.”

Guest of Honour, Prof Rajeev Gowda, VC SITK, Govt. of Karnataka opined, “This is a tremendous innovation which will change the life of patients and make patient care so much more impactful and ensure holistic healing drawing on best of our tradition and the best of allopathy.”

Chief Guest, Dr Manjunath Sharma NK, Pro VC and Director of Research S-Vyasa University stated, “Swasthasya Swasthay Rakshanam, explains the importance of maintenance and promotion of health in healthy, along with treating a sickness. Integrative medicine and research department at BGS Gleneagles Hospital redefines this and I am glad to see IHH India, such a huge group take the lead in this direction.”

Speaking at the occasion, Special Guest, Mrs Sudha Belwadi, senior cine actress from Sandalwood said, “Integrative medicine is the need of the hour. In the garb of entertainment, what we get to see is a lot of violence in our films and our news channels. Subliminally, this creates disturbance in the way we think and that can lead to stress. Peer group pressure has catapulted because of social media which again leads to stress. Consequently, diseases like cancer and autoimmune conditions are on the ascent, largely attributed to this stress. The demand for a department that prioritizes a comprehensive approach to healing, delving deep into the well-being of individuals, is more pressing than ever.”

During the event, our experts, Sumalatha, a renowned Psychologist and Author; Karthigai Selvi, our esteemed Chief Nutritionist; and Dr Rakshita, Yoga Physician discussed the pivotal role of often underestimated complementary approaches to healing such as Reiki, Nutrition, Yoga and Naturopathy in driving the holistic healing of our patients in the long run.

The Integrative Medicine and Research Department at BGS Gleneagles Hospitals, Bengaluru is set to be a game-changer in healthcare, enhancing the lives of patients and helping them achieve a higher quality of life throughout their treatment journey.

About BGS Gleneagles Global Hospital, Kengeri, Bengaluru

BGS Gleneagles Global Hospital at Kengeri, Bengaluru is one of Karnataka’s most renowned multi-organ transplant and tertiary care multi-specialty hospital, with specialization in Gastroenterology, Cancer Care, Neurosciences, Renal Sciences and Cardiac Sciences. The NABH and NABL accredited hospital operates450 beds. A modern Cath Lab, 6 operation theatres and advanced imaging services (CT and Tesla MRI) offer cutting edge emergency and critical care management, in accordance with internationally approved clinical protocol.

Over one and a half decades of clinical excellence has earned the hospital tie-ups with all major cashless health insurance players and is the preferred choice hospital of all major corporates in the neighborhood. The hospital also offers Video Consult services to its patients in India, Africa, and the SAARC nations.

BGS Gleneagles Global Hospital is a part of IHH Healthcare, one of the world’s largest healthcare providers. With its full spectrum of integrated services, dedicated people, reach and scale, and commitment to quality and safety, IHH aspires to be the world’s most trusted healthcare services network, united by a single purpose: to touch lives and transform care.

Genesis Foundation was awarded the FICCI Excellence Healthcare Award at a ceremony held in New Delhi on October 26th. The Foundation received the award for the category “Excellence in Community Engagement.” The FICCI Healthcare Excellence Awards was conceptualised in 2009, with an aim to felicitate organizations and individuals for their contributions to the industry by innovating for increased efficiency, affordability and improved performance of healthcare delivery at large.

Simran and Preeti receiving the award

Genesis Foundation is one of the largest NGOs that facilitates the medical treatment of underprivileged children born with a congenital heart defect pan -India. Despite being the most common birth defects treatment for congenital heart defects is not available to a large percentage of the children in India. Lack of access to pediatric cardiac care facilities, financial limitations and awareness are the principal reasons why many children either continue to lose their lives or face lifelong challenges.

The Foundation was established 22 years by Prema and Jyoti Sagar after they lost their second born son to a congenital heart defect. The Foundation works to ensure that every child gets access to lifesaving treatment irrespective of their socio-economic conditions. To achieve this the Foundation has set up partnerships with other NGOs and hospitals to reach the last child in the country.

This recognition is a testament to the Foundation’s longstanding commitment to improving the lives of underprivileged children born with congenital heart defects and saving countless lives. Earlier this month the Foundation also received the 9th Dalmia CSR Impact Awards under the CSR implementing partner in the health care category.

“We are deeply humbled and grateful to receive this award. Our work is driven by a passion to ensure that no child’s future is limited by their heart’s condition, regardless of their economic background,” said Operations Director, Simran Sagar Singh. “Building strong partnerships is an integral part of our work. Through this we build a bridge of hope that connects our Foundation’s resources with the heart of the community, ensuring that every child’s future is brighter.”

RENUCORP, a leading real estate development company, is excited to announce the commencement of its latest redevelopment project, Shivam dynasty is under its subsidiary company Renucorp Emperor Housing Infrastructure LLP. Inspired by the timeless beauty of Satyam Shivam Sundaram, this project aims to create a luxurious and harmonious living space for residents. For more information about RENUCORP and its projects.

Proposed Residential Project at Hariyali Village, Vikhroli

Shivam Dynasty will feature a total of 184 units, including both 1Bhk and 2bhk apartments in Vikroli, catering to the diverse needs of homebuyers. Sales for these units are set to commence in January 2024, providing interested buyers an opportunity to invest in this remarkable development.

As part of its expansion plans, RENUCORP has recently acquired land in Akola for its upcoming project under subsidiary company RENUCORP & Jay Developers. This strategic move demonstrates the companys commitment to growth and the development of high-quality properties. Additionally, the company is excited to announce its new venture in Chikhli, further expanding its presence in the region.

In words of Mr Vaibhav Wankhade, Entrepreneur and Managing Director, RENUCORP, “In the embrace of the bustling metropolis, young couples discover the promise of a brighter future, as affordable housing opens the door to a life teeming with limitless possibilities and shared adventures.”

To strengthen its operations and cater to the growing demand, RENUCORP is planning to establish two new offices in Mumbai and Pune. These offices will not only serve as key hubs for company operations but also act as centers for customer engagement and support. Furthermore, the company plans to establish sub-offices in Akola and Chikli, ensuring efficient service delivery to its customers in Vidarbha and Marathwada regions.

In line with its growth plans, RENUCORP aims to enhance its team structure by approximately 35%. The company recognizes the importance of a skilled and dedicated workforce in delivering exceptional projects and customer satisfaction. To achieve this goal, RENUCORP is actively seeking assistance from renowned consultancy services to optimize its team structure and ensure the highest level of expertise within the organization.

RENUCORP remains committed to its core values of integrity, quality, and customer satisfaction. With the launch of Shivam Dynasty and its expansion business plans in Mumbai, Pune, Akola, and Chikhli, the company is poised to make a significant impact in the real estate industry.

About RENUCORP

RENUCORP is a leading real estate company known for its commitment to delivering exceptional projects that combine quality, innovation, and customer satisfaction. With a strong presence in the market, the company has earned a reputation for creating luxurious and harmonious living spaces.

For more information, please visit www.renucorp.in.

KredX, India’s largest supply chain finance platform, today announced the 7th edition of KredX Muhurat Trading, Indias biggest invoice discounting and alternative investment event, scheduled for November 07, 2023. This KredX flagship event offers an opportunity to both investors and businesses where investors get access to attractive returns and premium rewards, while businesses can quickly secure working capital by selling their unpaid invoices in seconds. KredX Muhurat Trading 2022 witnessed participation from 1,500+ investors, with more than 20,000 invoices listed and discounted on a single day, and more than 500 businesses were able to generate quick working capital. This online event ensures quick sale of invoices, as fast as 45 seconds, for the participating businesses.

7th edition of KredX Muhurat Trading

A recent trend in the investment space showcases a significant shift towards alternative investments. High-net-worth individuals (HNIs) are progressively exploring alternative financing as an investment avenue, emphasizing the need for greater flexibility, transparency, and faster returns-qualities that alternative investments are uniquely positioned to provide. Based on research conducted by KredX, the short-term alternative investment space, specifically in invoice discounting for the retail investor segment, has experienced a remarkable 44% surge. In 2023 alone, it has demonstrated an impressive twofold growth compared to the preceding year.

As the alternative investments market continues to rise, KredX, as one of Indias leading short term alternative investments platforms, has created a unique avenue for investors and businesses to benefit mutually through KredX Muhurat Trading.

Commenting on the announcement, Manish Kumar, Founder & CEO of KredX said, “As we embark on the 7th edition of KredX Muhurat Trading, were proud to be at the forefront of this remarkable shift in the investment landscape. The rising interest in alternative investments reflects a growing appetite for innovation and financial flexibility. Through KredX Muhurat Trading, investors have the unique opportunity to directly participate in Indias growth story, empowering businesses with the timely working capital they need to fulfill their requirements.”

He added, “At KredX, weve harnessed this momentum to create a unique platform where investors and businesses can forge mutually beneficial partnerships. Our event not only unlocks attractive returns for investors but empowers businesses to secure working capital swiftly. The Muhurat Trading Day 2023 will help businesses make the most of the festive demand by getting immediate working capital and drive even 10x growth with immediate sanction limits and reduced special discount-rates through this event. We aim to discount invoices worth more than Rs 500 crore in a single day this Muhurat Trading Day.”

About KredX
Founded in 2015 in Bangalore by Manish Kumar and Anurag Jain, KredX is Indias largest supply chain finance platform accelerating finance through the use of cutting-edge technology and data. The company offers a host of customisable solutions ranging from enterprise finance and cash flow management solutions to working capital and channel financing solutions for businesses, large and small, operating within the supply chain ecosystem while offering unique alternative debt investment solutions to investors worldwide. Through the use of reliable technology to accelerate customer growth, the company aims to become the world’s fastest operating system for supply chain finance.