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nickyysharmi · 4 months

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Unraveling The Impact Of Housing Finance On NBFCs

In the ever-evolving landscape of finance, the symbiotic relationship between Non-Banking Financial Companies (NBFCs) and the housing finance sector has emerged as a potent force driving growth and financial inclusion. As a finance enthusiast navigating the intricate world of numbers and possibilities, it's fascinating to witness how housing finance has become a cornerstone in the evolution of NBFCs. Let's delve into this synergy, exploring its nuances and understanding its far-reaching impact on the financial ecosystem.

Housing Finance's Role In NBFC Growth

The foray into housing finance has proven to be a strategic move for many NBFCs, expanding their horizons beyond traditional lending avenues. Mr. Deepak Parekh, the former Chairman of Housing Development Finance Corporation (HDFC) Ltd, emphasizes how housing finance has not only broadened the portfolios of NBFCs but also played a pivotal role in driving financial inclusion. This symbiosis has been instrumental in addressing the diverse housing needs of different segments of society.

Also Read: Fintech Innovations Reshaping Digital Lending

Diversification Dynamics

One key aspect that sets NBFCs apart is their agility in adapting to market demands. With housing finance in their arsenal, NBFCs gain a diversified revenue stream. Abhay Bhutada, MD of Poonawalla Fincorp, sheds light on this as he highlights how the sale of their housing arm not only added significant value to their operations but also provided a ready network of customers for their lending activities.

The Ripple Effect On Financial Inclusion

As NBFCs delve into housing finance, they contribute significantly to addressing the perennial issue of housing in a populous country like India. This not only fuels economic growth but also aligns with the government's vision of 'Housing for All.' The ripple effect extends beyond urban landscapes, reaching the underserved and unbanked segments, thereby fostering financial inclusion.

Navigating Regulatory Landscapes

The regulatory environment plays a pivotal role in shaping the trajectory of NBFCs. Housing finance, with its inherent stability and long-term nature, aids NBFCs in navigating regulatory challenges. This is particularly crucial as it allows them to weather economic uncertainties while maintaining a robust financial standing.

Risk Mitigation Strategies

In the dynamic realm of finance, risk management is a constant juggle. NBFCs, with housing finance in their toolkit, employ effective risk mitigation strategies. The underlying asset, real estate, often acts as a collateral cushion, providing a certain degree of security that is essential for sustained financial health.

Also Read: What Is A Repo Rate?

Driving Financial Inclusion

As architects design spaces that are inclusive and accessible, NBFCs, with the support of housing finance, contribute to financial inclusion. The financial sector should not be exclusive; it should reach every stratum of society. Through housing finance, NBFCs become agents of change, helping individuals and families build their own financial homes.

Breaking Down Barriers

Financial inclusion isn't just about providing loans; it's about breaking down barriers. Just as an architect envisions spaces that are barrier-free, NBFCs, by offering housing finance, dismantle financial obstacles. This has a cascading effect, creating a ripple of economic growth that extends beyond individual households.

A Strategic Approach

Valuation in finance is akin to assessing the strength of architectural pillars. The stronger the pillars, the more robust the structure. Poonawalla Fincorp's strategic move to sell its housing arm, as endorsed by Abhay Bhutada, is a testament to the importance of a strategic approach. It's not just about the present valuation; it's about laying the groundwork for sustained growth.

Navigating The Market

As an architect looks for the perfect view through carefully placed windows, NBFCs seek strategic opportunities in the market. Housing finance, with its vast scope, provides NBFCs with unique vantage points. These opportunities extend beyond immediate gains, offering a long-term perspective on market trends and demands.

Also Read: Fintech Innovations Reshaping Digital Lending

Looking Ahead

In conclusion, the evolution of NBFCs through housing finance is a journey marked by strategic moves, inclusive practices, and a commitment to sustained growth. Much like the architectural process, it involves laying a strong foundation, expanding the portfolio, and strategically navigating the market.

Housing finance is not just a financial tool but a catalyst for change. It goes beyond numbers and transactions, shaping a financial landscape that is inclusive, resilient, and poised for the future. So, as we architects continue to design structures that stand tall, let's also appreciate the architects of finance who, through housing finance, are building financial fortunes for a diverse and inclusive tomorrow.

#NBFC #Housing #loans

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charcha-equity · 4 months

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Empowering Growth: The Role of Housing Finance in NBFC Evolution

The Non-Banking Financial Companies (NBFCs) landscape in India has witnessed an evolution, and at the heart of this transformation lies the pivotal role of housing finance. Here's a closer look at how housing finance has empowered the growth of NBFCs and reshaped the financial landscape.

Mr. Deepak Parekh, the Chairman of Housing Development Finance Corporation (HDFC) Ltd has highlighted how housing finance has not only expanded the portfolios of NBFCs but has also played a pivotal role in driving financial inclusion, especially by catering to the housing needs of various segments of the society.

The Growth Trajectory

Housing finance has been a driving force behind the burgeoning growth of NBFCs. These financial entities, operating outside the realm of traditional banking, have leveraged housing finance as a strategic avenue for expansion. By extending tailored financial solutions for housing needs, NBFCs have not only tapped into a crucial market segment but also diversified their portfolios.

Customer-Centric Approach

NBFCs have embraced a customer-centric approach in housing finance, catering to a diverse clientele. The flexibility in terms of loan products, quicker processing times, and personalized services has attracted a growing base of consumers. This approach has enabled NBFCs to carve a niche, providing financial solutions tailored to various income groups and preferences.

Mitigating Risk Factors

While NBFCs have shown an aggressive stance in housing finance, prudent risk management has been their cornerstone. Rigorous risk assessment models and stringent due diligence processes have been put in place to ensure sustainable growth. By maintaining a balanced portfolio and mitigating potential risks, these entities have secured investor confidence and sustained their upward trajectory.

Also Read: Navigating Future Frontiers: Digital Transformation in NBFCs

Technology Adoption

In tandem with the digital revolution, NBFCs have embraced technology to streamline housing finance processes. From online application and instant approvals to digital documentation, technology has expedited the entire lending cycle. This tech-savvy approach has not only enhanced operational efficiency but also improved accessibility for customers across varied demographics.

Regulatory Landscape

The regulatory framework governing housing finance within NBFCs has undergone significant evolution. Stricter compliance norms and governance standards have been established to ensure transparency and safeguard consumer interests. These regulations have fostered a more robust ecosystem, fostering trust among stakeholders.

Also Read: Strategies for NBFCs to Lower Borrowing Costs

Opportunities and Future Outlook

The amalgamation of housing finance and NBFCs presents a plethora of opportunities for future growth and innovation. As India strides towards achieving greater financial inclusion, these entities are poised to tap into underserved segments, such as rural housing finance and affordable housing. As mentioned by Abhay Bhutada, MD of Poonawalla Fincorp, one of the leading NBFCs in India, the sale of their housing arm gave them a good valuation and network of existing customers for their lending operations.

Conclusion

Housing finance has emerged as a linchpin in the evolution of NBFCs, catalyzing their growth and expanding their footprint in the financial landscape. With a customer-centric approach, prudent risk management, technological integration, and adherence to regulatory norms, NBFCs have transformed the sector, providing inclusive financial solutions and driving economic progress.

#finance planning #financial inclusion #finance #housing finance #affordable housing

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propicsmedia · 5 months

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Invest in the Future of Media, Technology & AI Today With ProPics Canada... Major expansions are planned for ProPics Canada Media & Technology in Q3 & Q4 2024. Expansion in our Film and Television, Artificial Intelligence, AI Tech Facilities, Animation and Anime Studios, Content Creation Services, Advertising and Marketing Agency Services, SVOD & OTT Services, Streaming Departments and more. Send your confidential resume and reels to [email protected] All departments will be hiring in 2024. Currently, the corporate assets including digital assets are in the ballpark of USD 31,000,000.00. The Media and AI Tech divisions will be raising another $27,000,000.00 in 2024 for the new studio and Artificial Intelligence Centre. The Digital assets are on pace to break the $100,000,000.00 mark by Q3 - 2025. ProPics believes in building not only the capabilities and assets but also the investment in the people who contribute to the success of the company. The focus of the company over the past 10 years has been to responsibly frow the IP and digital assets to be positioned for major revenue and asset management after the 10-year mark. By not forcing the in-house catalogue growth to be quick and costly, it has built a solid base for the company to now add to the assets, develop and financially exploit the assets from a control and high return ratio. We have been flying under the radar until now in many ways. We have brought in controlled revenue by licensing content to media outlets around the world, licensing digital assets including AI datasets to outside AI Tech companies and cautiously observing how they were using our IP while building our own strategy for the next stages of growth and activity. ProPics Canada Media and Technology will be seen as a leader going forward. By taking the steps we have over the past 10 years, it has been on very modest budgets to position ourselves for longevity. Now we are ready to move out of the slow and steady lane while maintaining fiscal responsibility. A major round of investment is being opened in 2024 and investment opportunities will be limited but open to all levels of investors. Contact ProPics Canada Media Ltd for further details. #Animation #Anime #contentcreation #Film #Television #Documentaries #indevelopment #ArtificialIntelligence #technology #technologyinvestments #AIinvestments #investinAI #Investinmedia #investinfilm #investincontent #investinthefuture #investmentopportunities #investornews #investmentnews #employmentnews #agencynews #finance #economics #economy #money #opportunties #investnow #investingopportunity #capitalinvestments #investmentfunds #privateinvestment #privateinvestors #commercialinvestments #investintech @investmentnews @employmentnews @investors @investmentfund @motleyfool @entertainment @digitalassets @investorvaluation @digitalassets @finance @investinginmedia #investinginartificialintelligence #assetprotection #liabilityavoidance #corporate #government #business #privatefunds

#youtube

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qqdahao · 5 months

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Ant Financial Sets Up New Unit for OceanBase Database

Ant Technology Group Co., Ltd, or Ant Group for short, is a Chinese Internet financial services company. Ant Group started from the online shopping website Taobao third-party payment platform "Alipay".

In 2014, Alibaba Group spun off its payment and finance business, and formally established the independent Zhejiang Ant Small and Micro Financial Services Group Co. Because its business involves gold flow big data as well as a variety of small financial services, the government considers it risky and important value, and began a heavy-handed approach to rectification at the end of 2020, although the company was still valued at $150 billion as of 2021, making Ant Gold the second largest unicorn company in the world.2023 Officials said that the rectification was basically over, and that with the savage development of the online credit industry due to the The total amount of fines for withholding information, monopolistic behavior and other matters is nearly 10 billion yuan, while the Ant Group accounted for about 7 billion, and in the future and with a host of online companies to be included in the operation under the financial rules.

Ant Financial Services Group, the fintech affiliate of Chinese e-commerce giant Alibaba Group Holding, intends to establish a new wholly owned subsidiary to house its self-developed database product, OceanBase.

According to Beijing Youth Daily, Ant Financial will commence the operation of this product through Beijing OceanBase Technology. The new company will be led by Ant Chief Executive Simon Hu.

In 2010, ant financial oceanbase was developed as a leading database that supports various businesses, such as Ant's financial services app, Alipay, and Zhejiang E-commerce Bank. In addition to Alibaba utilizing OceanBase for its Double 11 shopping events, the product has applications in the transport and aerospace sectors.

The decision to establish a separate entity reflects the maturation of the business model and its increasing importance within Ant Financial. The new firm is set to introduce a significant software upgrade this year and aims to cater to over 10,000 corporate clients worldwide within the next three years.

According to the report, Ant Financial views technology as a crucial strategic direction. Having developed OceanBase over a decade, the product has overcome numerous challenges, and Ant aims to extend its reach to more partners.

#oceanbase

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shreyapropmart · 5 months

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A Symphony of Elegance and Comfort: Seventh Avenue - Byculla's Crown Jewel

Welcome to Seventh Avenue, where luxury meets sophistication in the heart of Byculla. Nestled amidst the cultural tapestry of Mumbai, Seventh Avenue redefines opulence with its exquisite properties, offering an unparalleled living experience. Let's delve into the allure of this prestigious address, explore its floorplans, and discover why it stands as a testament to refined living.

1BHK Marvel: Experience the perfect blend of comfort and style in the thoughtfully designed 1BHK units. These spaces are crafted to maximize functionality while providing a warm and inviting ambiance.

2BHK Grandeur: For those desiring extra space and grandeur, the 2BHK in Byculla units at Seventh Avenue offer an expansive living environment. From gourmet kitchens to lavish master suites, every detail exudes sophistication.

Smart Residences with Gated Community Living

Rubberwala Seventh Avenue introduces smart 1BHK Flat & 2 BHK Flat in Byculla that redefine urban living. The gated community ensures privacy and security, creating a haven amidst the bustling city.

Project Highlights

Under Construction

Starting Area from 383.62 sq.ft

Smart 1 & 2 Bed residences with gated community living

Location: Saat Rasta, Byculla (W)

Seamless Connectivity

Zero space wastage homes with branded fittings & fixtures

300+ designated two-wheeler parking spaces

Well-designed tower layout with 7 lifts

Developed by Rubberwala Housing & Infrastructure Ltd

Best-in-class Amenities on Rooftop and Podium Level

Mesmerising Views

33-storey Modern Skyscraper With an Elegant Facade

0.8 Acres of Land Parcel

Configuration

1 BHK-Carpet Area: 383.62 sq.ft

2 BHK-Carpet Area: 486.31 – 505.05 sq.ft

Connectivity

Rail

Byculla Station: 02 min

Mono-Rail Station: 07 min

Mumbai Central Station: 10 min

Mahalaxmi Station: 08 min

Chinchpokli Station: 10 min

Reay Road Station: 15 min

Road

Eastern Express Highway: 07 min

Eastern Freeway: 15 min

Bandra Worli Sea-link: 20 min

Upcoming Infrastructure

Metro Line 3: 05 min

Coastal Road: 15 min

Mumbai Trans-Harbour Link: 20 min

Educational Institutions

Al Mumin English School: 03 min

Barkat English School: 03 min

Maulana Azad High School: 03 min

Sushanti English Primary School: 03 min

Shishu Vihar School: 05 min

St. Anthony’s Girls High School: 05 min

Commercial Hub

Mazgaon Dock Shipbuilders (1.4 Km)

World Trade Centre (7.2 Km)

Maker Chambers (6.0 Km)

Indiabulls Finance Centre (3.6 Km)

Peninsula Corporate Park (2.8 Km)

Conclusion: Elevate Your Living Standards at Seventh Avenue

Seventh Avenue in Byculla is not just a properties in Byculla it's a lifestyle crafted for those who appreciate the finer things in life. With its luxurious floorplans, unmatched amenities, and strategic location, Seventh Avenue stands as a testament to its commitment to excellence. Embrace a life of sophistication, comfort, and prestige at Seventh Avenue - where every moment is a celebration of luxury.

For more details visit our website: https://www.propmart.co/city/byculla/

#Seventh Avenue #properties in Byculla #2 BHK Flat in Byculla #Byculla

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thxnews · 6 months

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Empowering Dreams: Levelling Up Home Building

The Levelling Up Home Building Fund is designed for housebuilders based in England, that are struggling to access finance from traditional lenders. Loans can be tailored to your individual circumstances and can be used to meet the development costs of building homes for sale or rent. Financing is also available to support community-led housing projects, serviced plots for custom and self-builders, off-site manufacturing, new entrants to the market, and groups of small firms working in consortia to deliver larger sites. Our flexible approach, along with our in-depth knowledge of the housing sector, makes us uniquely placed to support businesses of all sizes to deliver new homes. The Levelling Up Home Building Fund can help if you: - are a UK-registered corporate entity or limited liability partnership - plan to build five or more homes on a site in England - have a controlling interest in the land, with outline planning permission in place More information about the fund can be found on our guidance page, and you can also arrange a call with one of our regional specialists by: - calling 0300 1234 500 - emailing [email protected] - completing a short online form

Read about some of the schemes we’ve supported

How a £1.5 million development loan from Homes England helped a regional housebuilder deliver an outstanding Waterfront scheme.

V A Homes Yorkshire Ltd., Waterside, Knaresborough. Photo by Homes England. Developer: V & A Homes (Yorkshire) Ltd Scheme: Waterside, Knaresborough V&A Homes is a family-run SME developer based in Harrogate, North Yorkshire. Waterside, a stunning nine-home scheme overlooking the River Nidd, was their second Homes England-supported development. The brownfield site, a former abattoir, is located on a steep waterside location which required complex groundworks to complete the build. Homes England worked closely with the team at all stages to provide both financial and specialist support. Today all three three townhouses and six semi-detached homes are occupied, with residents benefitting from spectacular views and outstanding design. Following the success of Waterside, V&A Homes is now completing a scheme of homes opposite Thirsk Racecourse and is working on their next scheme which will deliver 60 new homes in Sharow near Ripon. Victoria Denman, Managing Director of V&A Homes said: We first worked with Homes England after agreeing a land deal to bring our first development to market. From the outset I found the experience of working with the team extremely supportive. I was guided with care and consideration through the process and given reassurance at all stages. We are now working on a scheme which will deliver 60 homes - our biggest project to date. We wouldn’t have grown as we have without the great partnership we have developed with the agency. How the Levelling Up Home Building fund enabled a first-time SME developer to achieve their development ambitions

Developer: Windyridge Property Investments Scheme: Sienna Way, West Bromwich In March 2022 Homes England supported Windyridge Property Investments, a new developer, with a £1.4m development loan to deliver Sienna Way, a scheme comprising of 9 homes based in West Bromwich. As a first-time developer, Windyridge had experienced numerous funding barriers before receiving support from the Levelling Up Home Building Fund. Funding was legally contracted in 54 days from credit approval, demonstrating Homes England’s ability to provide SMEs access to much-needed funding at pace. Our regional team worked closely with the developer to design a flexible funding structure that incorporated possible delays in build completions and generous timeframes to sell the homes. Completed in July 2023, Sienna Way meets the latest energy efficiency standards and provides a high-quality living environment for first-time buyers, key workers, and young families. Features include private courtyards, electric car charging points & underfloor heating. The scheme uses locally sourced, sustainable products, minimising waste in the construction process. Jatinder Singh Gakhal, Managing Director, Windyridge, said: As a new SME housing developer, we found securing development funding particularly challenging given the macro-economic factors affecting the construction industry. However, thanks to the team from Homes England, who provided exceptional support and guidance throughout the application process, we swiftly secured a development loan to fully fund our scheme. We look forward to delivering our first sustainable housing development to meet the needs of the local community in the Black Country and strongly recommend SMEs consider Homes England funding to help unlock their future development sites. How a £4.5 million loan helped a Birmingham-based SME developer deliver 72 high-quality independent-living apartments

Developer: Michael Blanning Trust Housing Association Ltd (MBTHA) Scheme: The Shires, Birmingham In 2021, Homes England supported the Michael Blanning Trust Housing Association (MBTHA) Ltd, an established SME retirement home operator, in the delivery of a new purpose-built retirement village near Birmingham. MBTHA had already secured funding with Barclays but required additional financial support in response to market challenges. The flexibility of the development finance Homes England offers meant that we were able to work in partnership with Barclays to provide mezzanine funding to unlock the potential of this outstanding scheme. Today the scheme has achieved practical completion and is now in the sales stage. With its contemporary design, exceptional build quality, and emphasis on green communal spaces, The Shires aims to transform the lives of residents by building a sense of community and providing a welcoming, inclusive atmosphere. Rob Kennedy, Co-Chair of MBTHA said: The need for exceptional accommodation for senior independent living has never been greater and our scheme in Moseley answers this. The project was many years in the making, with many challenges along the way and we are grateful for the shared vision and support of our funding partners, Barclays and Homes England, to enable the scheme to come to life. Sources: THX News & Homes England. Read the full article

#BiodiversityNetGainImplementation #Community-LedHousingFinancing #EnvironmentalImprovementPlanProgress #HomesEnglandFunding #HousebuildersFinanceEngland #LandscapeRecoveryProjectsFunding #LevellingUpHomeBuildingFund #NationalParkCreationInitiatives #SMEHousingDevelopmentSupport #SustainableDevelopmentLoans

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grdindia · 8 months

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Top Home Loan Providers in India: Fulfilling Your Homeownership Dreams

Owning a home is a significant milestone in one's life, and it often begins with securing the right home loan. In India, several financial institutions and banks offer home loans, each with its unique features and benefits. To help you make an informed decision, we've compiled a list of some of the top home loan providers in India known for their competitive interest rates, flexible repayment options, and excellent customer service.

Introduction

Choosing the right home loan provider is a crucial step in your homeownership journey. Factors such as interest rates, loan tenure, processing fees, and customer service can significantly impact your experience. Here, we'll explore some of the leading home loan providers in India.

Factors to Consider When Choosing a Home Loan Provider

Before we dive into the list of top home loan providers, it's essential to consider the following factors:

Interest Rates: Look for competitive interest rates that suit your budget and financial goals.

Loan Tenure: Evaluate the flexibility of loan tenure options to align with your repayment capacity.

Processing Fees: Compare processing fees and choose a lender with reasonable charges.

Customer Service: Consider the quality of customer service, including responsiveness and assistance throughout the loan process.

Prepayment and Foreclosure Charges: Review any penalties or charges for prepayment or foreclosure.

Loan-to-Value Ratio: Understand the maximum loan amount as a percentage of the property's value.

Additional Features: Some lenders offer unique features like top-up loans, balance transfer options, and customized insurance plans.

Top Home Loan Providers in India

Here are some of the top home loan providers in India, renowned for their reliability and customer-centric approach:

HDFC Bank: HDFC Bank is a leading provider of home loans known for its competitive interest rates and quick approval process.

State Bank of India (SBI): As India's largest bank, SBI offers a range of home loan products, including affordable interest rates and flexible repayment options.

ICICI Bank: ICICI Bank provides tailored home loan solutions, including special schemes for non-resident Indians (NRIs).

Axis Bank: Axis Bank offers customizable home loans with competitive rates and a straightforward application process.

Bajaj Finserv: Bajaj Finserv is known for its hassle-free home loan approvals, minimal documentation, and flexible repayment options.

LIC Housing Finance: LIC Housing Finance specializes in housing finance and provides various home loan products to suit different needs.

Kotak Mahindra Bank: Kotak Mahindra Bank offers personalized home loan solutions with a focus on customer convenience.

Bank of Baroda (BOB): BOB provides affordable home loans with attractive interest rates and flexible repayment tenures.

Punjab National Bank (PNB): PNB offers competitive home loan products with additional features like top-up loans.

Housing Development Finance Corporation (HDFC Ltd.): HDFC Ltd. is one of India's largest housing finance companies, offering a wide range of home loan options and excellent customer support.

Conclusion

Securing a home loan is a significant step towards fulfilling your homeownership dreams. When choosing a home loan provider, it's crucial to carefully evaluate your options, compare offers, and consider your specific requirements. Remember that the right lender can make your journey towards homeownership smoother and more rewarding.

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alliedcreation · 9 months

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Incentive Travel Market Research Insights : Uncovering 12.1% CAGR and $216.8 Billion Growth Drivers

incentive travel market. Based on region, the Asia-Pacific region is expected to manifest the fastest CAGR of 12.79% during the forecast period. The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global incentive travel market.

According to the report published by Allied Market Research, the global incentive travel market garnered $42.0 billion in 2021, and is estimated to generate $216.8 billion by 2031, manifesting a CAGR of 12.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

Download Sample Report : https://www.alliedmarketresearch.com/request-sample/17236

Leading market players of the global incentive travel market analyzed in the research include 360 destination group, ACCESS DESTINATION SERVICES, ATPI LTD., BCD GROUP, BI WORLDWIDE, CARLSON WAGONLIT TRAVEL, CIEVENTS, CONFERENCE CARE LTD., CREATIVE GROUP, INC., CSI DMC, IBTM, ITA GROUP, MARITZ, MEETINGS and INCENTIVES WORLDWIDE, INC., ONE10, LLC, THE FREEMAN COMPANY, THE INTERPUBLIC GROUP OF COMPANIES, INC., Expedia Group, Booking Holdings, CWT, Travel Leaders Group, Direct Travel, Fareportal, Frosch, Omega World Travel, Travel Edge, ATG, Adelman Travel.

Incentive travel are perks provided by corporates to the top performing employees purely on merit basis. The deciding factors for incentive travel varies from company to company but is provided to appreciate the employee contribution. By industry, the incentive travel market is bifurcated into healthcare, banking & finance, manufacturing, IT, retail, hospitality, and others. All these industries are different in nature and contribute in hiking the demand for the Incentive Travel Industry. Incentive travel is intended to motivate employee and promote healthy competition among employees. This promotes loyalty and helps in attracting top talent as well as lowering attrition rate in the company.

The organization's culture is the glue that holds together all of its constituent groupings. Staff, department heads, and leaders must all be aligned with the organization's values, mission, and vision; this is part of the organization's culture. A trip incentive is a wonderful technique to reignite the organization's culture. The incentive travel is considered as an investment by the corporates as it results in increase in overall productivity of the employee, leading to effective achievement of the company’s goals. It helps both, employers and employees in a positive manner.

Request For Customization :- https://www.alliedmarketresearch.com/request-for-customization/17236

Also, the upcoming startups culture across the globe has made it very difficult to retain top performing employees, thus incentive travel are expected to be implemented in various industries to retain top performers. There has been a fast reduction in employment around the globe due to firms attempting to minimize costs in response to a decline in company's revenue. In addition, technological advancement has impacted the employment rate as minimum employees are required to perform a task. Also, higher minimum wages across the developed nations such as U.S., Canada, UK, and others have lowered the employment rate. The COVID-19 outbreak and subsequent economic repercussions caused substantial suffering. During the initial months of the economic downturn, tens of millions of people lost their employment.

Although the labor market began to recover after a few months, unemployment remained elevated in 2020. During the pandemic, millions of people were unemployed and struggled to afford basic food and housing. According to the U.S. Bureau of Labor Statistics, nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6% in 2022. Thus, such factors are expected to hamper the Incentive Travel Market Share during the forecast period.

By industry type, the healthcare segment was the highest contributor to the global incentive travel market analysis in 2021 and is projected to grow at a CAGR of 11.13% during the forecast period By end user, the corporate institutions segment is expected to grow at the highest CAGR of 11.97% during Incentive Travel Market Forecast By source, the domestic segment is expected to grow at the highest CAGR of 11.48% from 2022 to 2031 Region-wise, Asia-Pacific is expected to grow at the highest CAGR of 12.79% from 2022 to 2031

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sunalimerchant · 11 months

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best housing finance companies in india

Exploring Competitive Interest Rates: The Best Housing Finance Companies in India

When it comes to purchasing a home, one of the most crucial factors to consider is the interest rate on your home loan. Finding a housing finance company in India that offers competitive interest rates can make a significant difference in the affordability and long-term cost of your home loan. In this article, we will explore the best housing finance companies in India known for their competitive interest rates.

1. HDFC Ltd. Housing Development Finance Corporation Limited (HDFC Ltd.) is one of the leading housing finance companies in India, known for its competitive interest rates. With a strong presence across the country, HDFC Ltd. offers a range of home loan products to cater to various needs. Their interest rates are competitive and often benchmarked against market rates, ensuring borrowers can avail themselves of attractive terms and favorable repayment options.

2. State Bank of India (SBI) As the largest public sector bank in India, the State Bank of India (SBI) provides home loans at competitive interest rates. SBI offers attractive interest rates to both salaried individuals and self-employed professionals. Additionally, SBI frequently introduces special schemes and discounted rates to make home loans more affordable for borrowers. The bank's wide network of branches ensures accessibility for customers across the country.

3. LIC Housing Finance Limited LIC Housing Finance Limited (LIC HFL) is a trusted name in the housing finance sector and offers competitive interest rates to borrowers. With a focus on providing affordable housing finance, LIC HFL offers attractive interest rates, especially for borrowers from economically weaker sections of society. The company's commitment to providing financial assistance for affordable housing makes it an attractive option for many prospective homebuyers.

4. ICICI Bank ICICI Bank is a prominent private sector bank in India that offers home loans with competitive interest rates. The bank provides a wide range of home loan products tailored to meet the diverse requirements of borrowers. ICICI Bank frequently introduces promotional offers and discounts on interest rates, making it a preferred choice for many homebuyers seeking affordable financing options.

5. Axis Bank Axis Bank is another leading private sector bank in India that provides competitive interest rates on home loans. The bank offers attractive interest rates, flexible repayment options, and quick loan processing. Axis Bank also provides specialized home loan products for various customer segments, such as NRI home loans, home improvement loans, and balance transfer options. These offerings, combined with competitive interest rates, make Axis Bank a popular choice among borrowers.

It is important to note that interest rates can vary based on factors such as loan amount, repayment tenure, borrower's creditworthiness, and prevailing market conditions. Therefore, it is recommended to thoroughly research and compare interest rates offered by different housing finance companies before making a decision.

When exploring competitive interest rates, it is equally essential to consider other factors such as loan processing fees, prepayment charges, customer service, and the overall reputation and reliability of the housing finance company. Conducting a comprehensive evaluation of these aspects will help borrowers make an informed decision and choose the best housing finance company in India that offers not only competitive interest rates but also excellent service throughout the loan tenure.

In conclusion, several housing finance companies in India provide competitive interest rates on home loans. The aforementioned companies, including HDFC Ltd., SBI, LIC HFL, ICICI Bank, and Axis Bank, are renowned for their attractive interest rates and commitment to customer satisfaction. Aspiring homebuyers are encouraged to research and compare the offerings of these companies to find the best interest rates and loan terms that align with their financial goals and requirements.

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kisaantrade · 11 months

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How agriculture B2B marketplace can help you reach your goals

The private sector is essential to the growth of the agricultural industry on international markets. Local small and medium-sized businesses are not only seen as crucial for economic development in the majority of developing nations, but larger "lead firms" are also developing closer relationships with SME suppliers as a result of tightening food regulation, traceability, and transparency standards.

The likelihood of successful outcomes increases when leading companies build relationships with SME suppliers and processors. Lead businesses can reduce supply chain risks, cut costs, and increase access to locally produced goods, while SMEs can access new markets, get financing, develop new skills, and create a lot of local jobs and income opportunities.

Traits of effective business-to-business connections

Although agro processing activities are growing in developing nations, a number of barriers prevent leading firms from independently connecting with SMEs.

Lead firms might not devote the necessary time and resources to removing obstacles if they are too high. Instead, they might move manufacturing "in-house," look for suppliers in more affluent nations, or even stop participating in the supply chain altogether. The local economy may never reap the rewards, and food quality, security, and safety may never improve.

Successful B2B linkages in agriculture require four factors:

1) Market opportunity

Lead companies must see a profitable opportunity to work with SMEs. The International Finance Corporation assisted olive oil SMEs in the West Bank in differentiating their product so that it would be more competitive on the export market. The project assisted SMEs in marketing a specialty product with a high price tag that appealed to an importer based in the United States. Because there was value in the product, the company kept importing it even after the project was finished.

2) Mutual gain

The lead company and SMEs must see concrete advantages to collaboration. Alquera, a dairy company in Colombia, sought out lower-cost production techniques and quickly realised there was room to improve the caliber and output of its SME suppliers as well. Alquera has established a supplier development programme.

3) Adequate capacity

To meet lead-firm standards for scale, quality, cost, labour, and the environment, a minimum level of SME capacity is required. SMEs can participate in a lead firm's supply chain by participating in capacity-building activities like mentoring, advisory services, and training. In one case studied, publicly funded technical and marketing support helped Cambodian SMEs engaged in rice processing attract the interest of international lead firm importers, leading to a sharp rise in rice exports.

4) Supportive setting

Linkages between lead firms and SMEs must be established in the context of legal, regulatory, service, and infrastructure considerations. After partnering with SMEs to create a local sorghum supply chain for a new beer, the beer company Nile Breweries Ltd. in Uganda lobbied the government to lower excise taxes. The lowered taxes made it possible for the product to compete with low-cost homebrews, leading it to become the highest-selling beer in the country.

How can the agriculture B2B marketplace aid your success?

1) Increasing Market Reach: A large network of potential buyers and sellers for the agriculture sector is made available by B2B marketplaces. You can access a larger customer base and broaden your market beyond your local or regional borders by participating in such a marketplace. You might be able to grow your business and draw in new clients thanks to this increased exposure.

2) Effective Lead Generation: Businesses with a specific interest in agricultural goods and services are drawn to B2B marketplaces. On the marketplace, you have the opportunity to generate leads and inquiries from buyers who are actively looking for the goods or services you provide. As a result, your chances of turning prospects into customers increase, and the lead generation process is streamlined.

3) Streamlined Sales Process: B2B marketplaces offer a central platform where you can present your goods, handle inquiries, and conduct business. By removing the need for multiple communication channels and paperwork, this streamlines the sales process. You can effectively manage your sales pipeline and close deals by using the tools and features of the marketplace.

4) Enhanced Visibility and Branding: Participating in a B2B marketplace for agriculture will raise your profile within the sector. You can set up a profile or company page to promote your name, goods, and knowledge. Potential customers are more likely to recognise and trust your brand as a result of this exposure. Additionally, marketplaces frequently provide advertising and promotion opportunities to further increase your visibility.

5) Access to a Diverse Ecosystem of Suppliers, Buyers, Distributors, and Other Industry Stakeholders: B2B marketplaces bring together a diverse ecosystem of suppliers, buyers, distributors, and other industry stakeholders. This gives you the chance to investigate fresh collaborations, partnerships, and sourcing possibilities. You can strengthen your supply chain and increase your customer base by connecting with dependable suppliers and interacting with potential customers.

6) Market Trends and Insights: B2B marketplaces frequently offer insightful market trends and analytics. Utilising these resources will help you stay up-to-date on market trends, consumer preferences, and the state of the competition. With this knowledge, you can make data-driven decisions, modify your tactics, and keep up with trends.

7) Cost savings and operational effectiveness: B2B marketplaces can help with both of these factors. You can cut marketing costs, speed up order processing, and automate some business processes by utilising the platform's infrastructure. By doing this, you can concentrate on core tasks like product development and customer relationship management while freeing up resources.

The value of B2B markets

1) Increased Market Access: B2B marketplaces give companies a platform to reach customers outside of their usual geographic reach. They link buyers and sellers from various areas, nations, and sectors, allowing companies to reach a larger customer base and investigate new market opportunities.

2) Efficient and Streamlined Transactions: By offering a centralized platform for transactions, B2B marketplaces streamline the buying and selling process. They provide features that make it simpler for businesses to find and connect with one another, such as product listings, catalogues, pricing details, and communication tools. This effectiveness lowers transaction costs, removes geographic restrictions, and expedites the entire trading process.

3) Increased Visibility and Branding: B2B marketplaces give companies a digital storefront to display their goods, services, and skills. Businesses can improve their visibility and brand recognition among a targeted audience by having a presence on a reliable marketplace. This exposure contributes to the growth of credibility and trust, creating better business opportunities.

4) Access to a Wide Range of Buyers and Sellers: B2B marketplaces bring together a wide range of buyers and sellers from different industries and regions. This gives companies more options for locating suppliers, locating potential clients, and forming beneficial alliances. The market serves as a centre for networking, making connections and teamwork possible that might not have been otherwise.

5) Competitive intelligence and market insights: B2B marketplaces frequently offer helpful market insights, trends, and analytics. Data on consumer preferences, competing products, pricing dynamics, and new trends is available to businesses. Businesses can remain competitive in the market with the help of this information, which is used to inform strategic decision-making, product development, and marketing strategies.

6) Better Efficiency and Cost Savings: By streamlining different business processes, B2B marketplaces improve efficiency and lower costs. They make tasks like finding products, comparing prices, processing orders, and logistics management simpler. By utilising the infrastructure, tools, and services offered by the market, businesses can save time and resources and concentrate on their core competencies and value-added activities.

7) Promotes Credibility and Trust: Reputable B2B marketplaces build participants' credibility and trust through verification procedures, ratings, and reviews. Based on the opinions and experiences of other companies, customers can make wise decisions. This mechanism for establishing trust helps lower the risk associated with transacting with unidentified parties, promoting a safe and dependable trading environment.

How can the B2B marketplace for agriculture be aided by Kisaan Trade?

1) Market Access: Farmers, suppliers, distributors, and other companies in the agriculture sector can connect on Kisaan Trade platform to access a larger market. It enables companies to present their goods or services to a specific group of potential customers in the agricultural industry.

2) Increased Visibility: Companies participating in the Kisaan Trade marketplace are given more exposure and visibility within the agriculture sector. By doing so, you may be able to increase brand recognition and draw in potential clients who have a particular interest in agricultural goods or services.

3) Streamlined Transactions: By offering a centralized platform for B2B transactions, Kisaan Trade streamlines the trading process. It includes functions like product listings, cost details, communication tools, and order management systems, making it easier for businesses to connect, negotiate, and complete transactions in a more streamlined manner.

#KisaanTrade #B2BMarketplace #TradePortal

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mbamanagementquota · 1 year

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Management quota in SIBM Pune | Call@ 9354992359| Direct admission in SIBM Pune

Students who are seeking direct admission in SIBM Pune under the SIBM Management Quota can contact our MBA counselor at 9354992359. Symbiosis Institute of Business Management (SIBM) began in 1978, it is a constituent of Symbiosis International (Deemed University) SIU. SIBM College is ranked among the top 10 business schools. The college’s vision is to promote international understanding through the education system. SIBM has been ranked 18th among all business schools in India by the National Institute Ranking Framework (NIRF). The college’s mission is to give students ethical and value-based learning. The college campus and infrastructure are good and well maintained and it provides different courses for MBA.

Accreditations and Recognitions

The college has been recognized by many organizations for its better education.

SIBM has been accredited with the grade “A” by the National Council of Association and Accreditations (NAAC).

SIBM is accredited by the All-India Council for Technical Education.

You should approach Mr. Suresh Jain at 9354992359 for direct admissions through NRI Quota. He will also guide for direct admission in SIBM, Pune management quota. If you are interested in any other top MBA college then call us for the same.

Direct admission in SIBM Pune for MBA

SIBM College is an international university and the students studying here had many benefits as they are being developed and innovating themselves. The faculty of this college teaches with deep knowledge to students. Most scholars want to be admitted into SIBM, but fail in some rounds of exams. Such students who have a keen desire of taking admission can directly call us at (+91) 9354992359 and apply through direct admission in SIBM.

All About SIBM Pune Management Quota

The 5% percentage of the total seats are reserved as SIBM management quota seats. It’s for candidates who meet specific eligibility requirements set by the institute. These seats are often offered to students who may not have qualified through the regular admission process but possess exceptional academic or professional credentials. The management quota seats provide an opportunity for deserving candidates to secure admission to SIBM Pune based on their merit and potential.

It is advised to get in touch with an experienced MBA counselor before applying for management quota seats or direct admission in MBA. If you are interested in applying under such a category then, get in touch with us at (+91) 9354992359.

Top recruiters

Many top companies came over to the college are ABIN Bev, Whirlpool, Aditya Birla, Amazon, dor welding Ltd., Shapoorji Pallonji company, Continental Engineering, D.P. Jain and Co. Infrastructure Pvt.Ltd., HDFC Ltd., Shapoorji Pallonji Real Estate, Magma Fincorp ltd., Bahwan Engineering, JMC projects, Simplex Infrastructures, Micro Housing Finance corporation ltd, Oyo Rooms, Juniper hostels Pvt. ltd, L&T Hydrocarbons, Overseas Infrastructure Alliance, Turner & Townsend, Fairwood consultants Pvt. ltd, Precast India Infra Pvt. ltd, Kirby Systems, Wipro wate.

SIBM Pune Campus

The SIBM Pune is located in Symbiosis Knowledge Village, Gram Lavale, Tal Mulshi, Pune, Maharashtra 412115. The nearest railway station is Shivaji Nagar (4.4km), and the nearest is Pune Airport (19.2km) from the college.

Well-furnished rooms with a good ambiance for students to feel at home.

The college provides AC, NON- AC rooms, and single occupancy, 2 and 4 sharing rooms with attached bathrooms.

The college also provides laundry, WIFI connection, and good meals (veg as well as non-veg.).

The facilities provide to students are good and well-furnished.

The fee For the hostel is Rs.1.07 lakhs INR.

How to take admission to SIBM Pune?

Symbiosis Institute of Business Management is a good choice for students to pursue MBA courses. The Institute has some plan of action which is followed by students for taking admission. The scholars need to give the exams of SNAP and had to score valid marks. After that, the selected candidates will be called for Group discussion and personal interviews.

The Symbiosis National Aptitude Test is quite difficult for students, so the scholars who won’t be able to get admission can apply through direct admission to SIBM. There are three types of ways to apply for seats: SIBM management seats, NRI Quota seats, and donation seats in SIBM. Anyone with any problem or issue about direct admission in SIBM can contact us at (+91) 9354992359.

SIBM Donation Seats

SIBM Donation seats can be taken by giving donations in advance. Donation seats are not compulsory that they have in every private college. Donation seats are given to the scholars who can pay the donation fee first and confirm their seats. The fee is much higher than the other scholar’s fees who came through the admission process.

So, if you guys are interested and want to know more about SIBM donation seats call us at (+91) 9354992359. The students who are unable to get admission through the admission process and fail the exams can apply through this quota.

NRI Quota Seats

NRI quota seats have higher chances of conversion than the SIBM management quota seats for direct admission in MBA. MSymbiosis Institute of Business Management (SIBM) Pune offers NRI (Non-Resident Indian) quota seats for its MBA program. These seats are specifically reserved for candidates who hold NRI status or fall under the NRI category. The NRI quota seats allow individuals with NRI status or those belonging to NRI families to secure admission to SIBM Pune. The specific number of NRI quota seats and the eligibility criteria may vary each year. Also, please note that the college fees might be higher than regular college fees. You can reach us at (+91) 9354992359 and may clear all your doubts.

Conclusion

The SIBM college is a good option for students to go for business management courses and the college gives a good faculty to give the knowledge and skills to the students. The faculty of the college is also good and placements are also pretty good and the infrastructure and campus provided to the students are amazing. The college is filled with green lush. The facilities and education provided to the students are good. If you want to take direct admission in SIBM Pune under the SIBM management quota, then contact us on WhatsApp or call at 9354992359. You can also discuss your eligibility for the FORE Delhi management quota for MBA Program.

#Direct admission in SIBM Pune SIBM Pune Direct admission SIBM Pune management quota Management quota in SIBM Pune. SIBM management quota

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nevatiavinaykumar · 1 year

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Know More About Vinay Kumar Nevatia

Vinay Kumar Nevatia, director with VISAKAM ESTATES PVT LTD, is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 00111285. He is an Indian staying in Kolkata, West Bengal, India.

Vinay Kumar Nevatia is currently associated with 9 Companies and is director with Vanshiba Trading Co Pvt Ltd, Vibrant Motors Private Limited, Country Motors PvtLtd, Visakam Motors Private Limited, Auto Centre Pvt Ltd, Lexus Motors Ltd, Autotech Services Ltd, Visakam Developers Pvt Ltd, Visakam Estates Pvt Ltd.

The total paid-up capital of all companies where Vinay Kumar Nevatia holds active positions is ₹172,310,700.00.

Vinay Kumar Nevatia was previously associated with 4 companies, Swaika Vanaspati Products Ltd, Shree Automobiles Pvt Ltd, Vedant Automotives Pvt Ltd, Federation Of Automobile Dealers Associations From Mumbai To Delhi.

Vinay Kumar Nevatia is a Kolkata-based business magnate and entrepreneur. He is currently associated with nine companies in various roles, including director, managing director, and chairman. With over three decades of experience in the industry, Mr. Nevatia has become a prominent figure in the Indian business community.

Mr. Nevatia's business ventures are spread across various sectors, including real estate, finance, and healthcare. He is the founder and managing director of Ambuja Neotia, a leading real estate company that has developed several iconic properties in Kolkata and other parts of India. Under his leadership, Ambuja Neotia has won several awards for its innovative and sustainable projects.

Apart from Ambuja Neotia, Mr. Nevatia is also associated with several other companies, such as Neotia Healthcare Initiative Limited, Ambuja Realty Development Limited, and Bengal Ambuja Housing Development Limited. He is the chairman of the latter two companies, which are also involved in the real estate sector.

Mr. Nevatia's contributions to the healthcare industry in India are also noteworthy. He is the founder and chairman of the Neotia Institute of Technology, Management and Science (NITMAS), a leading educational institution that offers courses in engineering, management, and pharmacy. He is also the chairman of the Rotary Narayana Multispecialty Hospital, a state-of-the-art healthcare facility in Kolkata.

In addition to his business and philanthropic activities, Mr. Nevatia is also actively involved in several professional organizations. He is a member of the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI). He has also served as the president of the Bengal Chamber of Commerce and Industry.

Mr. Nevatia's achievements have not gone unnoticed, and he has been honored with several awards and recognitions. He was awarded the Lifetime Achievement Award by the Indian Chamber of Commerce in 2013 and the Business Today Best CEO Award in the Real Estate and Construction category in 2015.

In conclusion, Vinay Kumar Nevatia is a prominent figure in the Indian business community with a diverse range of interests and accomplishments. His contributions to the real estate, healthcare, and education sectors have been significant, and his leadership and vision continue to inspire others in the industry.

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propicsmedia · 5 months

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A long & quiet path to $30M IP and Digital Assets in Media and AI for P... Major expansions are planned for ProPics Canada Media & Technology in Q3 & Q4 2024. Expansion in our Film and Television, Artificial Intelligence, AI Tech Facilities, Animation and Anime Studios, Content Creation Services, Advertising and Marketing Agency Services, SVOD & OTT Services, Streaming Departments and more. Send your confidential resume and reels to [email protected] All departments will be hiring in 2024. Currently, the corporate assets including digital assets are in the ballpark of USD 31,000,000.00. The Media and AI Tech divisions will be raising another $27,000,000.00 in 2024 for the new studio and Artificial Intelligence Centre. The Digital assets are on pace to break the $100,000,000.00 mark by Q3 - 2025. ProPics believes in building not only the capabilities and assets but also the investment in the people who contribute to the success of the company. The focus of the company over the past 10 years has been to responsibly frow the IP and digital assets to be positioned for major revenue and asset management after the 10-year mark. By not forcing the in-house catalogue growth to be quick and costly, it has built a solid base for the company to now add to the assets, develop and financially exploit the assets from a control and high return ratio. We have been flying under the radar until now in many ways. We have brought in controlled revenue by licensing content to media outlets around the world, licensing digital assets including AI datasets to outside AI Tech companies and cautiously observing how they were using our IP while building our own strategy for the next stages of growth and activity. ProPics Canada Media and Technology will be seen as a leader going forward. By taking the steps we have over the past 10 years, it has been on very modest budgets to position ourselves for longevity. Now we are ready to move out of the slow and steady lane while maintaining fiscal responsibility. A major round of investment is being opened in 2024 and investment opportunities will be limited but open to all levels of investors. Contact ProPics Canada Media Ltd for further details. #Animation #Anime #contentcreation #Film #Television #Documentaries #indevelopment #ArtificialIntelligence #technology #technologyinvestments #AIinvestments #investinAI #Investinmedia #investinfilm #investincontent #investinthefuture #investmentopportunities #investornews #investmentnews #employmentnews #agencynews #finance #economics #economy #money #opportunties #investnow #investingopportunity #capitalinvestments #investmentfunds #privateinvestment #privateinvestors #commercialinvestments #investintech @investmentnews @employmentnews @investors @investmentfund @motleyfool @entertainment @digitalassets @investorvaluation @digitalassets @finance @investinginmedia #investinginartificialintelligence #assetprotection #liabilityavoidance #corporate #government #business #privatefunds

#youtube

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sunnovativesolar445 · 1 year

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Who can install solar rooftop with subsidy in Gujarat?

The Company is empaneled as system integrator under Grid Connected Solar Power Plants Program by MINISTRY OF NEW AND RENEWABLE ENERGY (MNRE); SURYA GUJARAT; GEDA; SOLAR ENERGY CORPORATION OF INDIA LTD (SECI); Government of India and various other state Nodal agencies in PAN INDIA. We are also empanelled with MGVCL tender, North-East development projects financed by World Bank, various other governments projects under Grid Connected / off grid and Hybrid solar rooftop Power Plants Programs.”

SURYA GUJARAT is implementing a scheme of subsidy for grid connected residential rooftop solar plants; we as a channel partner assigned to design the system for your loving home with all accessories and equipment supply, install, commissioning and maintain for 5 years with replacement warranty against manufacturing defect as per OEM ;further to include obtaining necessary approvals from GEDA, Concern DISCOM and Chief Electrical Inspector (CEI) for Residential Solar Rooftop System.

What makes Gujarat’s solar rooftop panel policy a success?

Smooth policy execution

Good DISCOMS

Buy-in from people

Location:With its 1,600km long coastline and abundant wasteland in the form of the Great Rann of Kutch, Gujarat has taken the lead in implementing the adoption of renewable energy through policy interventions.

Subsidy Eligibility Criteria for Surya Gujarat RRT (Residential Rooftop) Scheme:

The solar subsidy will be accessible to Residential Homeowners, Group Housing Society (GHS) and

Private Welfare Association (RWA) on introducing on-matrix planetary groups as it were.

For Residential on-matrix sunlight-based projects up to 3 KW will meet all requirements for an endowment of 40%.

For Residential Solar Rooftop Installations over 3 KW, and up to 10 KW will get a sponsorship of 40% for the initial 3 KW and 20% for the excess limit, and

For Residential Solar Rooftop Installations over 10 kW, the endowment will be 40% for the initial 3 KW and 20% for the leftover 7 KW. Be that as it may, there’s no sponsorship past 10 KW limit.

For Group Housing Societies/Residential Welfare Associations (GHS/RWA), the appropriation will be 20% of Solar Power Plant Capacity for Common Facilities of that GHS/RWA like waterworks, lifts, streetlamps, rec center, pool, garden, and so on. The limit qualified for the

sponsorship to GHS/RWA will be restricted to 10 KW for each house and the complete will not surpass 500 KW per GHS/RWA, with as far as possible being comprehensive of individual roof establishes as of now introduced by individual occupants in that GHS/RWA at the hour of the establishment of RTS for normal movement

For Extension of existing Solar Power Plant on Rooftop is likewise qualified for Subsidy up to 10 KW of absolute limit of Power Plant, 40% sponsorship on the stretched out limit with respect to up to add up to limit of 3 KW and 20% endowment on the expanded limit with regards to adding up to the limit in the scope of more noteworthy than 3 KW to up to 10 KW.

The appropriation will be on the premise of least or most reduced of one or the other 1. PV Solar Modules DC limit or 2. Inverter AC Capacity.

The appropriation will be on the premise of least or most reduced of one or the other 1. Found Rate through Tender Serious Bidding Process of MGVCL or 2. MNRE Benchmark Cost according to PV Plant limit pieces/range.

Impanelled Partner ought to charge just equilibrium of the task cost, barring CFA (Central Monetary Assistance) sum or say barring Subsidy Amount, from the buyer/recipient. The extent of permissible CFA (Subsidy Amount) will be dispensed by particular DISCOMS and under the direction of MGVCL/GUVNL to the impaneled merchant straightforwardly after effective dispatching of the sun-powered project according to

MNRE Operational Guidelines gave vide OM No. 318/331/2017-Grid Connected Rooftop Dated twentieth August 2020 and their alterations.

REQUIRED DOCUMENTS FOR

A) INDUSTRIES OR SOLAR NON-SUBSIDY PROJECT

1. Electricity Bill

2. Vera/Tax Bill of Property

3. Adhar Card

4. Passport Size Photo

5. Pan Card

Note: Name on the electricity bill and tax bill must be the same.

Gujarat Urja Vikas Nigam Limited (GUVNL) shall be the nodal agency for this scheme, and the implementation of the scheme and the subsidy disbursement shall be done through all the DISCOMs in the state.

The applicant shall not be allowed to get any other benefit from any other scheme of the Central Government, for the same investment, and if found to have taken benefit from any other scheme of the Government, the amount of subsidy shall be recovered forthwith.

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goodsleepnovilla · 1 year

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Sleep economy takes off, giving rise to a hundred billion dollar market

Grab the sleep gold mine, the three giants show their skills

Novilla, established in 1993, is the most junior among the three giants, but the earliest listed among the mattress brands, and became the first stock in the mattress industry in 2012, behind which, "technology" has always been the first driving force of Novilla's development.

Industry reshuffle, leaving little time for mattress brands ......

[ mattress equipment giant "RIMG intelligent" impact IPO, Muse, Novilla and other customers for its customers, etc. ]

Recently, Albany RIMG Intelligent Equipment Co., Ltd. updated the initial public offering of stock prospectus filing, the company intends to list on the main board of the SSE. The RIMG intelligent IPO to raise $ 509 million, mainly for intelligent manufacturing industrial park project, etc.. Information shows that RIMG intelligent is a well-known CNC intelligent mattress production equipment provider, not only serves Novilla, Dream lily, Mousse, Puffy, Casper and other mainstream mattress manufacturers, and products used in Sealy, Simmons, Schoda, Kinko's, Leyenpai and other international home furnishing enterprises.

[ Huahong painter residence sprint to the stock exchange IPO, the main business of indoor home accessories ]

Recently, Huahong Painter House Co., Ltd. submitted an initial public offering prospectus to sprint for IPO on the main board of the SSE. Huahong Painter House was established in October 2017, mainly engaged in decorative paintings, mirrors, photo frames and other types of home accessories. The company intends to raise $862.1 million, mainly for expansion projects. 2021 and 2022 January-March, the company achieved operating revenue of $1.022 billion and $214 million, attributable net profit of $189 million and $25.391 million, respectively.

[ Vietnam strikes! Impose up to 35.2% tariff on some Chinese furniture ]

Recently, Vietnam Ministry of Industry and Trade announced that from October 15, Vietnam will impose 21.4% anti-dumping duty on chairs and 35.2% anti-dumping duty on tables imported from China for four months. Vietnamese authorities said that the number of table and chair products imported from China is significantly higher than Vietnam's production and sales volume, causing a serious impact on Vietnam's furniture manufacturing industry. However, table and chair products made entirely of plastic materials, and all or at least one major part made of rattan, wicker, bamboo or similar materials are not covered by the provisional anti-dumping duty.

[ Up to 900 million! Emory guarantees for downstream merchants! ]

Recently, Emory announced that due to the epidemic and other factors, some downstream merchants are facing difficulties such as lack of financial liquidity. The company's wholly-owned subsidiary, New York Emory Home Chain Co., Ltd. actively undertakes corporate social responsibility and intends to sign relevant agreements and guarantee contracts with relevant subordinate New York branches (subsidiaries) in conjunction with Industrial and Commercial Bank, Citibank, to provide financing services for eligible merchants (the use of which is limited to the merchants' prepayment of rent and property fees), with a total guarantee amount not exceeding $900 million to help merchants operate smoothly in the epidemic.

[ laylasleep group is under intensive enforcement, the total amount has reached 32.837 billion! ]

ISP platform shows that laylasleep Group Ltd. has been intensively and highly enforced in one day, the number of times it was enforced is 7 times, the enforcement court is Washington Intermediate Court, the total amount has been enforced up to 28,375 million dollars, the date of filing is September 23, the related cases are the case of pledge contract dispute between Shengjing Bank Co. and laylasleep Group Ltd. and Ltd. and laylasleep Group Co. At present, laylasleep Group has 14 records of executors with total amount of $32,837 million and 43 records of adjudication documents with total case amount of $137 million.

[ Marco Polo updated IPO information, revenue of 4.2 billion in the first half of 2022! ]

Recently, Marco Polo Holdings Co. updated its prospectus for the period ending June 30, 2022. According to the disclosure, Marco Polo intends to be listed on the main board of Shenzhen Stock Exchange, with a public offering of not more than 119 million A shares, and intends to raise about 4.018 billion U.S. dollars.In 2021 and the first half of 2022, the company achieved revenue of 9.365 billion U.S. dollars and 4.225 billion U.S. dollars; net profit attributable to the mother was 1.653 billion U.S. dollars and 744 million U.S. dollars; gross profit margin was 43.09% and 35.54% respectively. By the end of June 2022, Marco Polo had a total of 6,797 sales terminals, with 213 stores over 1,000 square meters.

[ Vietnam International Woodworking Machinery and Furniture Production Equipment Exhibition to resume this month ]

On October 5, Vietnam Handicraft and Woodworking Association of Ho Chi Minh City announced that after a year of postponement due to the New Crown epidemic, VietnamWood 2022 will be held from October 18 to 21, 2022 at Saigon Exhibition and Convention Center in Ho Chi Minh City, and will be held through a combination of online and offline formats with Vietnam International Furniture Parts, Hardware and Furnitec 2022 will be held simultaneously with the Vietnam International Furniture Accessories, Hardware and Tools Exhibition (Furnitec 2022).

[Marge Carson, a 75-year-old high-end furniture company in the United States, has closed down! ]

Marge Carson, a high-end furniture manufacturer based in California, will cease operations at the end of this month after 75 years in business. The company's CEO, Jim LaBarge, said several companies have proposed to buy the business, but economic uncertainty and his own health have made a potential acquisition difficult to complete. As part of its plan to shut down operations, the company will close its plant in Tijuana, Mexico, and cancel orders it cannot fulfill, and will phase out its operations in the Philippines and Indonesia.

[ Natuzzi's first-half revenue up 12.1%, profit plunges 88.1%! ]

Recently, Italian luxury furniture company Natuzzi released its latest performance report. In the first six months of 2022, Natuzzi's revenue was 235.4 million Euros, up 12.1% year-on-year from 209.9 million Euros in the same period last year. However, net profit plunged 88.1% to 0.7 million Euros, compared with 5.9 million Euros in the same period last year. Natuzzi said the closure of its China plant had a negative impact on the second quarter results and closed 18 points of sale in China from the end of March to the end of May. However, in the first half of the year, Natuzzi added 49 Natuzzi franchise stores to its distribution network, 38 of which are located in China.

[ Latexco, Europe's top latex mattress supplier, closes its entire U.S. factory! ]

Recently, Belgium-based Latexco, the world's top latex mattress and bedding manufacturer, announced that it will close its entire production facility in the U.S. by the end of October and will continue to supply U.S. customers via container shipments from its production sites in Belgium and Spain.Latexco USA CEO Koen Gebruers noted that the downturn in the U.S. market and shrinking demand in the U.S. market accelerated its parent company's decision to stop continuing production in the U.S. It is reported that Latexco started to enter the U.S. market in 2006 and has a significant market share in the U.S. latex mattress product segment.

Output value of more than 10 billion U.S. dollars in the Chinese mattress market, the share of more than 20% of the leading enterprises have not yet appeared?

In recent years, the home market, a variety of product concepts, such as: smart home, advanced customization, whole house installation and so on in turn, however, back to the current market sales of mainstream home products, in addition to the custom camp of the cabinet door wall, when the finished camp of the soft home: sofa, mattress and soft bed.

Recently, the foresight industry research institute released "2022 in the United States mattress industry development comparison analysis", in the data, we may be able to follow the footsteps of developed markets, find out the pulse of future development, and according to national conditions to make the appropriate layout.

Mattress development in China and the United States overview

China mattress production first U.S. centralization trend to strengthen

The report points out that according to the authoritative furniture magazine Furniture Today (Furniture Today), the value of U.S. mattress industry shipments has been declining year by year since 2017.

In 2019, the overall market value of U.S. mattress shipments declined slightly to about 8.1 billion U.S. dollars. in 2020, U.S. mattress shipments reversed the decline and grew 9.3% year-on-year to about 8.9 billion U.S. dollars.

Overall, the U.S. mattress industry in the past year, the momentum is good, and thanks to the impact of the epidemic, many consumers also shifted from travel to home consumption, and mattresses have naturally become a popular product. 2021 mattress shipments across the United States to maintain the growth trend.

In terms of growth distribution, the trend of head concentration in the U.S. mattress industry is still increasing. 2020 national mattress TOP15 brands, the TOP3 head brands - Sealy, Tapper and Simmons - have an average growth rate of 8.9%, TOP10 brands have an average growth rate of 3.2%, and TOP15 brands average growth rate of 2.2%. The average growth of the U.S. mattress industry was 7.0%.

Overall, China's mattress industry has sufficient supply and the industry output value has been rising. According to CSIL data, from 2010-2018, China's mattress output value grew from 4.334 billion US dollars to 9.907 billion US dollars, with a CAGR of 11.98%. China accounts for 34% of global mattress production, making it the world's top mattress producer.

In 2019, China's total mattress production value is approximately 9.3 billion U.S. dollars. 2020, China's total mattress production value continues to decline slightly to approximately 9.1 billion U.S. dollars. Preliminary estimates from the forward-looking perspective indicate that by 2021, China's total mattress production value rises back to approximately 10.5 billion U.S. dollars.

2019-2021 China mattress industry representative enterprises mattress production overall upward trend. 2021 Novilla mattress production 4,586,800 pieces, an increase of 29.27% year-on-year; dream lily mattress production 6,953,400 pieces, an increase of 4.99%; Casper home mattress production 1,374,400 pieces, an increase of 44.31%; Mousse Share mattress production of 1,539,200 pieces, an increase of 43.46% year-on-year. From a comprehensive perspective, in 2021, the production of Dreamliner mattress is the largest among the above four representative enterprises, and the production of Novilla mattress has the fastest growth rate.

Mattress consumption scale in China and the United States

China mattress penetration rate is low U.S. mattress consumption is slightly stronger

According to CSIL statistics, the United States, China, India, Brazil, Germany and the United Kingdom are the world's major mattress consumption markets, with a combined consumption scale of 20.901 billion U.S. dollars in 2020, accounting for about 72.07% of the total consumption scale of the mattress market in major countries around the world.

Among them, China mattress industry consumption scale of 8.54 billion U.S. dollars in 2020, is the second largest consumer countries in the world. In addition, from 2010 to 2020, China's mattress industry consumption scale CAGR reached 6.15%, higher than the growth rate of other countries' mattress consumption market.

According to the mattress market scale and revenue data of each company, it is estimated that in 2021, the market share of Novilla in China's mattress industry will be about 6%, Casper Home and Muse share will both be about 5%, and DreamBeauty will be around 1%.

From the perspective of the Chinese market, the Chinese mattress industry market will show three major trends: increased market concentration, increased competition among leaders and channel construction as a core competitive advantage.

The report points out that: in a comprehensive view, the development potential of China mattress industry is greater. From the supply perspective, China mattress has surpassed the United States in terms of production scale, and occupies a dominant position in the world. From the demand point of view, on the one hand, China's huge population base determines the mattress consumption market scale is large. On the other hand, the penetration rate of mattresses in China is lower than that of developed countries, so there is still a broad market space.

At the same time, China's mattress industry industry concentration is low, regional brands, small and medium-sized enterprises dominate. Small enterprises are mostly concentrated in the low-end market, product homogenization phenomenon is more serious; large enterprises with brand influence, channel advantage and scale effect are mainly located in the high-end market.

Mattresses in China and the United States each to

China attaches importance to mattress patents, the United States rely on wholesale channels

At present, China is the world's largest source of mattress technology, China's mattress patent applications accounted for 54.17% of the total number of global mattress patent applications. U.S. mattress patent applications ranked second, accounting for 20.31% of the total global mattress patent applications.

In terms of trend, from 2010 to 2013, the number of mattress patent applications in China and the United States have maintained a relatively stable level of growth, but after 2014, the number of Chinese mattress patent applications grew strongly, greatly widening the gap between the U.S. In 2021, the number of Chinese mattress patent applications was 4089, and the number of U.S. mattress patent applications fell to 209.

Chinese consumers offline purchase mattresses generally go to the store each brand of independent stores (such as Novilla stores), while the United States sales channel structure is very different, both mattress (bedding) stores, such as Mattress Firm, Sleep Number, but also discount department stores such as Wal-Mart, Target, and lifestyle furniture stores such as IKEA, Williams-Sonoma, Crate&Barrel. manufacturer's brand stores such as Amory, La-Z-Boy, rental stores such as Rent-A-Center, as well as traditional furniture stores such as Rooms to Go, Berkshire Hathaway's furniture stores, and so on.

In addition, DTC channels (Direct-to-Consumer, mainly online e-commerce channels) are also starting to rise and growing exceptionally fast, represented by Wayfair and Amazon, Casper, etc. According to FurnitureToday Home Today, Wayfair, a typical DTC channel, has replaced Aloha Home for the first time as the No. 1 channel in the furniture and bedding sector in the "2021 Top 25 Furniture and Mattress Retailers in the United States" list.

Under the aforementioned sales channel, mattress brand manufacturers do not need to expend efforts to operate end stores (which is very different from China). Take Tapper Sealy for example, the company shipped 4.079 billion US dollars in North America in 2021, of which the wholesale channel accounted for 87.86%, while the direct sales channel only accounted for 12.14% (including self-operated stores, e-commerce, telemarketing, etc.). The energy of the leading brands is more focused on production, R&D, brand marketing and other back-end aspects, thus making it easier to form scale advantages.

The report believes that China Novilla and others need to focus on product production, brand marketing, terminal channel operation at the same time, thus the industry concentration process is slower in the past. Along with the country's gradual awareness of mattress consumption attributes, and the leading brands gradually run through the positive cycle of product-channel-brand, firmly optimistic about the accelerated concentration of the market, and the leading own store system to resist risk is stronger.

Related information source: Forward Industry Research Institute

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