Cosmo Films bags SIES SOP Star Award for Packaging Materials & Components across 4 entries

Cosmo Films, a global leader in specialty films for packaging, lamination, labelling, and synthetic paper vertical, under Cosmo First a publicly listed entity, won the SIES SOP Star Award, 2023 held in Navi Mumbai.

 

The SIES SOP Star Awards were instituted in 2017 to recognise the talent in the Packaging Sector for its continuous efforts in Innovation, Creativity, and New Developments across various product segments such as Beverage, Food, Health & Personal Care, and Pharma among others.

 

The 7th Edition of the SIES SOP Star Awards saw over 200 entries with 47% of the total applications coming from the packaging material manufacturer and the converter segments.

 

Cosmo Films won 4 awards for BOPP and CPP films for their innovative and sustainable packaging solutions. Out of the 36 companies participating, Cosmo First’s winning entries delivered the award under the Packaging Materials and Components category.

 

Sharing his views about winning this award and the industry recognition, Mr Kulbhushan Malik Global Business Head, Cosmo Films said, “This prestigious award is a recognition of Cosmo Films’ innovative packaging solutions. I’m thankful to the jury for their vote of confidence in us and for winning this very prestigious industry award.”

 

Cosmo Films under the aegis Cosmo First is committed to sustainability and has continually invested in research and development and is proud to be helping brands achieve their sustainability goals through its responsible packaging solutions.

 

About Cosmo Films:

Cosmo Films is a global leader in specialty films for packaging, lamination, labelling and synthetic paper. With engineering of innovative products and sustainability solutions, Cosmo Films over the years has been partnering with worlds’ leading F&B and personal care brands and packaging & printing converters to enhance the end consumer experience.  With state-of-the-art manufacturing facilities in India and Distribution, warehousing & sales offices in different parts of the world, the company has been at the forefront of developing customer-centric solutions to deliver the finest product and service experience, backed by innovation, people, and processes.

About Cosmo First Limited:

Founded in 1981 by Mr. Ashok Jaipuria, Cosmo First today has a presence across 100+ countries around the globe. Cosmo First is a global leader in specialty films and an emerging player in specialty chemicals (Masterbatches, Adhesive & Coating chemicals), digital first Omni channel Pet care business under the brand name ‘Zigly’, Rigid Packaging (Cosmo Plastech) and soon to be launched Window Films (under Cosmo Sunshield brand name).

Sunstone’s advantages now available at Sri Sukhmani Institute of Management, Delhi

Sunstone, India’s leading higher education service provider with a presence across 15+ cities in 50+ institutions, now offers its benefits to Sri Sukhmani Institute of Management, Delhi, an All India Council for Technical Education (AICTE) accredited institute. Sunstone’s benefits would now be available to students enrolled in SSIM’s PGDM programme.

 

The Institute has collaborated with Sunstone to enable students to join industry-centric and employment-oriented courses and succeed in achieving their goals. Furthermore, Sunstone’s extensive network of 1000+ recruiters will provide students with a vast pool of placement opportunities in leading companies.  Sunstone’s expansion in Delhi, capital of the country, is a response to the city’s growing status as a hub for higher education. As a result, the city has become a magnet for students from across the states who aspire to pursue higher education.

 

Commenting on the announcement, Mr. Ankur Jain, Co-Founder and CBO, of Sunstone, said “We are glad to offer Sunstone’s benefits at Sri Sukhmani Institute of Management in Delhi. We aim to provide SSIM students with practical knowledge, exposure to relevant industries, and tech-driven training to make sure they are prepared for the workforce from day one. Sunstone is continuously working towards unleashing the potential of the youth of India by reducing the industry-academia gap in our country.

 

Sunstone offers a curriculum that is tailored to meet the requirements of the industry, providing students with the opportunity to acquire advanced-level certifications, participate in industry-integrated internships and projects, gain valuable IT skills, and build their professional portfolios. Students also receive training on life and soft skills and can access a range of interest-based organizations, sporting and cultural events, student exchange programs, and membership in a dynamic digital community of Sunstone’s student network. As a result, students receive a more comprehensive and well-rounded education.

 

On the announcement, Dr. Kanwaljit Singh, Chairman for SSIM, Delhi said,The collaboration with Sunstone would go a long way in providing global exposure to our students at our institute. We aim to offer a unique opportunity to our students to join courses, which primarily cater to the needs, and requirements of Industry 4.0 in the country. This partnership will also help the SSIM students in getting good placement opportunities. Our programs and Sunstone’s advantages will together provide students with critical industry-oriented learning thereby ensuring that they have placement assistance and sound career growth.”

 

Students enrolled at Sunstone campuses can take advantage of an industry-oriented curriculum by obtaining advanced certifications, participating in immersive industry-integrated internships and projects, gaining in-demand IT skills, and developing a professional portfolio. Sunstone also offers life skills and soft skills training, access to interest-based events, sports meets, cultural fests, student exchange programs, and membership to a dynamic digital community of Sunstone’s student network, among other things, for more holistic and comprehensive education.

 

High-end residential market sees a phenomenal 1.5X Year-on-Year increase in sales value for luxury homes worth over INR 50 crore in 2023: JLL

The luxury real estate market in India experienced a remarkable increase in the sales value of luxury homes priced at INR 50 crore and above, reaching INR 4,319 crore in 2023, a significant increase of approximately 1.5 times compared to the value of INR 2,859 crore recorded in 2022. This surge in sales value was accompanied by a rise in the number of transactions, with at least 45 luxury homes sold in 2023, compared to 29 homes sold in the previous year. Out of the 45 transactions, 58% were apartments and the rest 42% were bungalows.

The city of Mumbai emerged as the leader in this segment, witnessing a total of at least 29 luxury homes sold, with a combined value of INR 3,031 crore. Delhi NCR followed closely with at least 12 luxury homes sold, worth INR 1,043 crore. Bengaluru also witnessed at least 4 transactions in this segment, amounting to a sales value of INR 245 crore.

The luxury residential market showcased its resilience and vigour, with a combined sales value of around INR 7,177 crore for the years 2022 and 2023. This upward trajectory in sales reflects the strong economic fundamentals of the luxury real estate market and the rising demand for distinctive living experiences among affluent home buyers.

Mumbai witnessed most transactions, primarily in the Malabar Hill and Worli micro markets. Golf Links and Vasant Vihar were the top performing submarkets in terms of luxury residential sales in Delhi NCR. Gurgaon also saw a couple of luxury apartment transactions. The average size of apartments sold increased by 18% compared to the previous year, indicating a preference for larger homes.

Looking at the combined sales for the years 2022 and 2023, the luxury residential market recorded a substantial value of around INR 7,177 crore.

  2022 2023 % growth
No of homes sold 29 45 55%
Total Sales value (in crore) 2,859 4,319 51%

Source: JLL Research

Note: Luxury transactions include both bungalows and apartments. It encompasses both primary market and resale transactions.

Analysis is based on transactions available on various secondary sources and does not include any gift transactions and JDs/JVs.

According to Dr. Samantak Das, Chief Economist and Head Research & REIS, India, JLL, “The increase in number of luxury residential transactions in 2023 demonstrated the robust demand for such high-end properties in India.  Notably, out of the 45 luxury homes sold in 2023, 14 homes were in the price segment of INR 100 crore and above, with majority (79%) of them in Mumbai. The interest for such properties is expected to strengthen in future as there is both the aspiration for high-end bespoke living and the confidence of affluent buyers in the long-term value that these properties hold.”

It is interesting to note that in terms of transaction breakdown, apartments accounted for 58% of the total luxury deals, while bungalows made up the remaining 42%. Twenty-six apartment transactions were closed, majority (92%) of them in Mumbai. Whereas most of the bungalow transactions were recorded in Delhi NCR.

  Homes sold in 2023 priced INR 50 crore and above
Apartments 26
Bungalows 19
Total 45

Source: JLL Research

In the first two months of 2024, at least four homes priced at INR 50 crore and above have already been sold with a combined worth of INR 397 crore. We foresee an upward trend in luxury residential transactions in 2024. With a growing segment of high-net-worth individuals seeking exclusive and opulent living spaces, the demand for luxury properties is expected to surge. Moreover, with growing number of HNIs in the country, the demand for these homes will grow further” explained Ritesh Mehta, Senior Director, and Head (North and West), residential services and developer initiative, JLL India.

GD Goenka Group to Expand its Presence, Set To Establish 12 New Schools from April 2024

GD Goenka Group is delighted to announce the inauguration of its 12 new partner K12 schools across India from April 2024.

 

With a firm commitment to providing quality education and fostering holistic student development, the expansion marks a significant milestone in the group’s journey towards shaping the future of young minds.

 

“The new schools aim to cater to the growing demand for high-quality education while bringing GD Goenka’s renowned curriculum and teaching methodologies to more communities across the country. These exceptional campuses are equipped with modern facilities and amenities to enrich students’ learning environment,” said Mr. Nipun Goenka, MD – GD Goenka Group.

 

With this, the group aims to create a network of educational institutions that not only deliver academic excellence but also nurture well-rounded individuals equipped with the necessary skills and knowledge to thrive in Industry 4.0. Moreover, this will take the overall count of GD Goenka Schools above 130 Pan-India, with a presence in 20 states.

 

Expressing his enthusiasm about the expansion, Mr Gaurav Himkar, Group CEO, said, “The opening of these 12 new schools reflects our dedication to building a larger pool of mutual benefits for GD Goenka partner schools by being a member of a pan-India GD Goenka ecosystem.”

 

The new institutions will offer a wide range of academic opportunities tailored to the needs of students from diverse backgrounds and regions.

 

Sharing more details about the group’s expansion plans, Mr Vipin Jha, Director of partnerships, said, ”A lot of new generation entrepreneurs reach out to us for partnership and have built world-standard school setups in the past couple of years. We have a steady pipeline of such new schools at least until the end of this decade.”

 

Echoing his views, Mrs Bharati Sharma, Director of partnership Engagement, said, “The opening of these 12 schools underscores our commitment to expanding access to quality education. By providing state-of-the-art facilities and innovative learning environments, we aim to inspire and empower the next generation of leaders, thinkers, and innovators.”

This expansion is a crucial step towards achieving the vision of a nation where every child has access to quality education, laying the groundwork for a brighter and more prosperous future for generations to come.

ESAF Small Finance Bank opened Retail Asset Hub in New Delhi

ESAF Small Finance Bank, one of the leading small finance banks in India, has opened its Retail Asset Hub in New Delhi. The asset hub is expected to facilitate seamless collaboration among various teams – Business, Credit, and Operations. The establishment of Retail Asset Hub marks an important milestone in ESAF Small Finance Bank’s expansion strategy and demonstrates its vision of providing accessible financial services across the country.

 

John Samuel, Non-Executive Nominee Director of ESAF Small Finance Bank, inaugurated the Retail Asset Hub. Among the distinguished guests was Hemant Tamta, Executive Vice President, Shubhankar Sengupta, Sr. Vice President, ESAF Small Finance Bank, and Jata Shankar Mishra, BBH NW2 marked the commencement of the event. Durgeshwar Mishra, Managing Director of Shubh Lakshmi Finance, customers from MSME, Mobility, and Mortgage product segments, along with DSAs and vendors. During the event, sanction letters were handed over to customers across different product categories, symbolizing the bank’s commitment to meeting their financial needs.

Embrace innovation with Goldmedal Electrical’s Opus Prime BLDC fan: A perfect combination of style & performance

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, has announced the launch of the Opus Prime BLDC fan. This brand-new, super decorative ceiling fan not only accentuates modern décor but also offers efficient performance with its 28-watt BLDC copper motor.
The BLDC technology in the Opus Prime BLDC fan performs 40% more efficiently than conventional fans. Its elegant motor design ensures optimum airflow even at low voltages. The anti-dust feature reduces maintenance by preventing dust accumulation. It contributes to cleaner air quality, making the fan more user-friendly and long-lasting. Additionally, it features six LED lights to indicate speed levels and comes with a remote control for convenient operation from anywhere.
Other features:
1. Energy efficient: The BLDC technology in the Opus Prime BLDC significantly reduces power consumption. Its advanced technology ensures a greener, cost-effective cooling solution.
2. Silent operation: The motor of the BLDC fan operates silently, even when it is powered by an inverter.
3. Highly durable: The high-grade copper used in BLDC fans enhances efficiency, performance, and durability, thanks to its superior conductivity and heat dissipation qualities.
Commenting on the Opus Prime BLDC, Mr. Bishan Jain, Director, Goldmedal Electricals said, “Climate change and environmental sustainability are one of the most pressing global challenges today. Hence, it has become imperative that we actively choose energy-efficient technologies and solutions that not only consume less energy but also have a net-zero impact on the environment. We, at Goldmedal, have been striving to provide energy-efficient fans that offer performance and style at affordable prices. The BLDC technology has proven to possess remarkable features including environment friendliness, cost-effectiveness, low power consumption, durability, and much more. With the introduction of the Opus Prime BLDC, we aim to reduce your power bills and cut the carbon footprint emission on the environment for a greener planet.”
The Opus Prime BLDC is available both online and in retail stores for Rs. 5,999/-. It comes with a 5-year warranty.