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Financial Results (Indian Gaap) For The Quarter And Year Ended March 31, 2024

Telugu super news,April 20,2024:The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and year ended March 31, 2024, at its meeting held in Mumbai on Saturday, April 20, 2024. The accounts have been subjected to an audit by the statutory auditors of the Bank.

CONSOLIDATED FINANCIAL RESULTS:

The Bank’s consolidated net revenue grew by 133.6% to ₹ 807.0 billion for the quarter ended March 31, 2024 from ₹ 345.5 billion for the quarter ended March 31, 2023. The consolidated profit after tax for the quarter ended March 31, 2024 was ₹ 176.2 billion, up 39.9%, over the quarter ended March 31, 2023. Earnings per share for the quarter ended March 31, 2024 was ₹ 23.2 and book value per share as of March 31, 2024 was ₹ 600.8.

The consolidated profit after tax for the year ended March 31, 2024 was ₹ 640.6 billion, up 39.3%, over the year ended March 31, 2023.

STANDALONE FINANCIAL RESULTS:

Profit & Loss Account: Quarter ended March 31, 2024

The Bank’s net revenue grew by 47.3% to ₹ 472.4 billion (including transaction gains of ₹ 73.4 billion from stake sale in subsidiary HDFC Credila Financial Services Ltd) for the quarter ended March 31, 2024 from ₹ 320.8 billion for the quarter ended March 31, 2023.

Net interest income (interest earned less interest expended) for the quarter ended March 31, 2024 grew by 24.5% to ₹ 290.8 billion from ₹ 233.5 billion for the quarter ended March 31, 2023. Core net interest margin was at 3.44% on total assets, and 3.63% based on interest earning assets.

Other income (non-interest revenue) for the quarter ended March 31, 2024 was ₹ 181.7 billion as against ₹ 87.3 billion in the corresponding quarter ended March 31, 2023. The four components of other income for the quarter ended March 31, 2024 were fees & commissions of ₹ 79.9 billion (₹ 66.3 billion in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of ₹ 11.4 billion (₹ 10.1 billion in the corresponding quarter of the previous year), net trading and mark to market  gain of ₹ 75.9 billion, including transaction gains of ₹ 73.4 billion mentioned above (loss of ₹ 0.4 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend of ₹ 14.4 billion (₹ 11.3  billion in the corresponding quarter of the previous year).

Operating expenses for the quarter ended March 31, 2024 were ₹ 179.7 billion, an increase of 33.5% over ₹ 134.6 billion during the corresponding quarter of the previous year. Operating expenses for the quarter ended March 31, 2024 included staff ex-gratia provision of ₹ 15 billion. The cost-to-income ratio for the quarter was at 38.0%. Excluding certain transaction gains and the ex-gratia provision, cost to income ratio for the quarter was at 41.3%.

The credit environment in the economy remains benign, and the Bank’s credit performance across all segments continues to remain healthy. The Bank’s GNPA at 1.24% has shown an improvement over the prior quarter. The Bank has considered this as an opportune stage to enhance its floating provisions, which are not specific to any portfolio, but act as a countercyclical buffer for making the balance sheet more resilient, and these also qualify as Tier 2 Capital within the regulatory limits. Therefore, the Bank has made floating provisions of ₹ 109.0 billion during the quarter.

Provisions and contingencies for the quarter ended March 31, 2024 were ₹ 135.1 billion (including the floating provisions of ₹ 109.0 billion mentioned above). Provisions and contingencies, excluding the floating provisions, for the quarter ended March 31, 2024 were ₹ 26.1 billion as against ₹ 26.9 billion for the quarter ended March 31, 2023.

The total credit cost ratio (excluding the floating provisions mentioned above) was at 0.42%, as compared to 0.67% for the quarter ending March 31, 2023.

Profit before tax (PBT) for the quarter ended March 31, 2024 was at ₹ 157.6 billion. Profit after tax (PAT) for the quarter, after certain tax credits, was at ₹ 165.1 billion, an increase of 37.1% over the quarter ended March 31, 2023.

Balance Sheet: As of March 31, 2024

Total balance sheet size as of March 31, 2024 was ₹ 36,176 billion as against ₹ 24,661 billion as of March 31, 2023.

Total Deposits were at ₹ 23,798 billion as of March 31, 2024, an increase of 26.4% over March 31, 2023. CASA deposits grew by 8.7% with savings account deposits at ₹ 5,987 billion and current account deposits at ₹ 3,100 billion. Time deposits were at ₹ 14,710 billion, an increase of 40.4% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 38.2% of total deposits as of March 31, 2024.

Gross advances were at ₹ 25,078 billion as of March 31, 2024, an increase of 55.4% over March 31, 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, advances grew by 53.8% over March 31, 2023. Domestic retail loans grew by 108.9%, commercial and rural banking loans grew by 24.6% and corporate and other wholesale loans (excluding non-individual loans of eHDFC Ltd of approximately ₹ 807 billion) grew by 4.2%. Overseas advances constituted 1.5% of total advances.

Year ended March 31, 2024

For the year ended March 31, 2024, the Bank earned net revenues (net interest income plus other income) of ₹ 1,577.7 billion, as against ₹ 1,180.6 billion for the year ended March 31, 2023. Net interest income for the year ended March 31, 2024, crossed ₹ 1 trillion and was ₹ 1,085.3 billion, up 25.0%, over the year ended March 31, 2023.

Profit after tax for the year ended March 31, 2024 was ₹ 608.1 billion, up by 37.9% over the year ended March 31, 2023.

Capital Adequacy:

The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 18.8% as on March 31, 2024 (19.3% as on March 31, 2023) as against a regulatory requirement of 11.7%. Tier 1 CAR was at 16.8% and Common Equity Tier 1 Capital ratio was at 16.3% as of March 31, 2024. Risk-weighted Assets were at ₹ 24,680 billion.

DIVIDEND

The Board of Directors recommended a dividend of ₹ 19.5 per equity share of ₹ 1 for the year ended March 31, 2024. This would be subject to approval by the shareholders at the next annual general meeting.

NETWORK

As of March 31, 2024, the Bank’s distribution network was at 8,738 branches and 20,938 ATMs across 4,065 cities / towns as against 7,821 branches and 19,727 ATMs across 3,811 cities / towns as of March 31, 2023. 52% of our branches are in semi-urban and rural areas. In addition, we have 15,182 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,13,527 as of March 31, 2024 (as against 1,73,222 as of March 31, 2023).

ASSET QUALITY

Gross non-performing assets were at 1.24% of gross advances as on March 31, 2024, as against 1.26% as on December 31, 2023, and 1.12% as on March 31, 2023. Net non-performing assets were at 0.33% of net advances as on March 31, 2024.

SUBSIDIARIES 

Amongst the Bank’s key subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards (‘Ind-AS’). The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP.

HDB Financial Services Ltd (HDBFSL), in which the Bank holds an 94.6% stake, is a non-deposit taking NBFC offering wide a range of loans and asset finance products. For the quarter ended March 31, 2024, HDBFSL’s net revenue was at ₹ 22.9 billion as against ₹ 22.6 billion for the quarter ended March 31, 2023, a growth of 1.2%. Profit after tax for the quarter ended March 31, 2024 was ₹ 6.6 billion compared to ₹ 5.5 billion for the quarter ended March 31, 2023, a growth of 20.3%. Profit after tax for the year ended  March 31, 2024 was ₹ 24.6 billion compared to ₹ 19.6 billion for the year ended March 31, 2023. The total loan book was ₹ 902 billion as on March 31, 2024 compared to ₹ 700 billion as on March 31, 2023, a growth of 28.8%. Stage 3 loans were at 1.90% of gross loans. As on March 31, 2024, total CAR was at 19.2% with Tier-I CAR at 14.1%.

HDFC Life Insurance Company Ltd (HDFC Life), in which the Bank holds a 50.4% stake, is a leading, long-term life insurance solutions provider in India. For the quarter ended March 31, 2024, HDFC Life’s total premium income was at ₹ 209.4 billion as against ₹ 196.3 billion for the quarter ended March 31, 2023, a growth of 6.7%. Profit after tax for the quarter ended March 31, 2024 was ₹ 4.1 billion compared to ₹ 3.6 billion for the quarter ended March 31, 2023, a growth of 14.8%. Profit after tax for the year ended March 31, 2024 was ₹ 15.7 billion compared to ₹ 13.6 billion for the year ended March 31, 2023.

HDFC ERGO General Insurance Company Ltd (HDFC ERGO), in which the Bank holds a 50.5% stake, offers a complete range of general insurance products. For the quarter ended March 31, 2024, premium earned (net) by HDFC ERGO was at ₹ 24.2 billion as against ₹ 21.3 billion for the quarter ended March 31, 2023, a growth of 13.7%. Loss after tax for the quarter ended March 31, 2024 was ₹ 1.3 billion, as against profit after tax of ₹ 2.1 billion for the quarter ended March 31, 2023. Profit after tax for the year ended March 31, 2024 was ₹ 4.4 billion compared to ₹ 6.5 billion for the year ended March 31, 2023.

HDFC Asset Management Company Ltd (HDFC AMC), in which the Bank holds a 52.6% stake, is the Investment Manager to HDFC Mutual Fund, one of the largest mutual funds in India and offers a comprehensive suite of savings and investment products. For the quarter ended March 31, 2024, HDFC AMC’s Quarterly Average Assets Under Management were approximately ₹ 6,129 billion, a growth of 36.3% over the quarter ended March 31, 2023. Profit after tax for the quarter ended March 31, 2024 was ₹ 5.4 billion compared to ₹ 3.8 billion for the quarter ended March 31, 2023, a growth of 43.8%. Profit after tax for the year ended March 31, 2024 was ₹ 19.5 billion compared to ₹ 14.2 billion for the year ended March 31, 2023.

HDFC Securities Ltd (HSL), in which the Bank holds a 95.1% stake, is amongst the leading broking firms in India. For the quarter ended March 31, 2024, HSL’s total revenue was ₹ 8.6 billion, as against ₹ 4.9 billion for the quarter ended March 31, 2023. Profit after tax for the quarter was at ₹ 3.2 billion, as against ₹ 1.9 billion for the quarter ended March 31, 2023, a growth of 64.2%. Profit after tax for the year ended March 31, 2024 was ₹ 9.5 billion compared to ₹ 7.8 billion for the year ended March 31, 2023.

Shiv Nadar Institution of Eminence Announces Admissions for Academic Year 2024-25

Telugu super news, Hyderabad, 19 April 2024: Shiv Nadar Institution of Eminence, Delhi-NCR on Friday held an interaction with media in Hyderabad about the admission process, research-based courses it offers, and its brilliant track record with placements.

The university is currently accepting applications to 17undergraduate programs across its four schools in Engineering, Natural Sciences, Management and Entrepreneurship, and Humanities and Social Sciences for 2024-25.

The University’s research-intensive undergraduate program provides global perspectives,through its multidisciplinary approach based on the foundations of value, ethics, and leadership.

Home to over 150 labs equipped with state-of-the-art facilities, the undergraduate programsempower students with the expertise to thrive in an evolving landscape. Tutored by faculty drawn from the best universities in India and across the world, students are given a firm grounding in research and critical thinking making them a globally competitive talent.

Graduates from university pursue higher education in top institutions in India and abroad, some even securing direct entry to PhD programs after their undergraduate degrees.

Understanding the symbiotic relationship between education and placements, the university’s Career Development Center trains and provides students with job opportunities. The university’s strong links with multinationals like Google, Microsoft, Dell, Goldman Sachs, L&T, UBS Group, S&P Global, IBM, Airbus, HCLTech, Tata Poweramong others provide an array of job opportunities.

Interacting with the media, Dr. Rajeev Kumar Singh, Associate Professor and Chairperson,Admissions at Shiv Nadar University Delhi-NCR said, “Students from Telangana and the city of Hyderabad constitute a sizeable number in our diverse and inclusive campus. We are hopeful that like the previous years, this year too we will see an overwhelming response from Hyderabad for all our programmes.”

The application form isavailable on the university’s official website (http://www.snu.edu.in/home). For 2024-25, the university has introduced a new scholarship for students who top in academic performance in their respective schools in Grade 12. Details about the scholarships are available here: scholarship@snu.edu.in

Established in 2011, the university is spread across a 286-acre residential campus with approximately 3000 students and 250+ faculty. It was awarded the ‘Institution of Eminence’ status in 2022.

MULTIPLE BENEFITS FOR STUDENTS

The University has globally distinguished faculty members with rich and diverse experience in their respective fields. The opportunities to learn extend well beyond the classroom, with 50+ clubs and societies. Some of the popular clubs include collaborative design for sustainability, Model United Nations, artificial Intelligence, photography, robotics and many more.

Sports and physical well-being are an integral part of learning and growth at the University. It is home to world-class sporting infrastructure and offers a choice of activities to students. These include a 90,000-sq. feet grand Indoor Sports Complex and 5,71,410 square feet of international standard outdoor playing fields and multiple options including squash, badminton, equestrian training etc.

Augmented Reality Navigation in TKRAt Landmark Hospitals

Telugu super news,Hyderabad, april 18,2024:Total Knee Replacement (TKR) is a very common and highly successful surgery. Success rates are over 95% and average durability is over 20 – 25 years. In India every year about 3 lakh TKRs are performed.

To improve the outcomes further ‘accuracy’ of implant placement is one way. To do that several
techniques were developed.

What is AUgmented Reality TKR technology:


Speaking to the media Dr. Sudhir Reddy, Chief Orthopeadic Surgeon, Landmark Hospitals
said, by using the cutting edge tracking system and Augmented Reality tools to give the
surgeon ability to achieve accurate alignment, projects Augmented Reality vision to the surgical
field, making accurate placement of implants seamless without having to use invasive tools.Also
the surgeon is in total control of the procedure white the technology only assists or guides.

AR technology s the latest and most advanced technological development in the field of TKR. It
gives the accuracy of Robotic TKR without the damage and restrictions associated with Robotic
TKR. Also because of perfect alignment in implant fixation, the longevity of TKR is likely to
increase.

AR TKR Advantages over Robotic TKR

Augmented Reality TKR Robotic TKR
Accuracy Good Good
Invasive (damage to tissues) Less More
Incision Small Large
Complications such as
frcature, infection

Less More
Surgeon Control Full Partial
Implant Choice Complete No choice
Radiation risk Nil Yes (CT scan)


In Telangana and Andhra Pradesh – 1st Augmented Reality TKR was conducted at
Landmark hospitals on 27th Feb’24 by Dr Sudhir Reddy’s team. Now nearly 70 surgeries
have been done using AR technology.


Patient experiences:
Mr Prasad Reddy, 64 yrs had bilateral TKR using AR technology one week ago. He says ‘ I
underwent both knee replacement surgeries two days ago. I have very minimal pain and already
able to walk independently without any support. I am discharged with in two days. I am able to
climb stairs also. I am surprised at such quick recovery and minimal pain.


Mrs Saroja, 58 yrs said ‘after undergoing TKR using AR technology I got Discharged With in
one day and have been walking independently. After 2 days I even did some work in kitchen.
Initially i was so afraid of pain and had postponed the surgery for a long time and suffered. Now
i feel like it is new life and I am surprised at how quick the recovery is.

PhonePe’s Share.Market Introduces Futures & Options Segment with focus on Intelligence

Telugu super news,National,April 18,2024: Share.Market, a PhonePe product, today announced the launch of its Futures and Options (F&O) segment. This addition marks a significant milestone in the platform’s mission to empower traders with comprehensive trading tools and resources which will facilitate an enhanced trading experience with a dedicated focus on the Intelligence layer.

Within seven months of the launch of the business, total Share.Market lifetime customers are over 1.55M with over 1.4M monthly active MF SIP transactions. In addition, Share.Market has been able to provide access to Intelligence to over 75,000+ users (daily app engagement) with 1.5L demat accounts. 

The introduction of F&O capabilities on Share.Market enhances the platform’s offerings, with a comprehensive Option chain analysis to track Options. Futures and Options contracts across various Indices and Stocks play a role in Investor and Trader journey to manage risk, hedge positions, and enhance the overall return profile through efficient portfolio management.  To bring more Intelligence, trader focused data points around greeks and strategy building with effective money management will be rolled out. 

Key features of the F&O offering include:

  1. Robust Trading Interface: A user-friendly interface designed to streamline the trading process, enabling Traders to execute F&O trades with ease and efficiency. Effective risk management capabilities around tracking and managing orders includes optimal capital allocation and timely exits. 
  2. Evolving Intelligence layer: Enhanced Option Chain with Max Pain, Put Call Ratio (PCR) and easy visualization of Open Interest (OI) change, together with charting capabilities of individual Future and Option instruments has been launched. Many more features around hedging, mechanics for strategy selection, building blocks behind strategy execution and management are all in the pipeline.  
  3. Leveraging Pledge for Margin Trading: For seasoned traders, there is an option of getting collateral margin through pledging of existing holdings. 
  4. Educational resources: Along with an Intelligence layer on the platform, augmenting with access to educational resources, tutorials, and webinars to help traders deepen their understanding of F&O trading strategies and concepts.

Talking about the launch of F&O, Ujjwal Jain, CEO, Share.Market said, “As Investors and Traders empower themselves to Invest and Trade better, Share.Market has been able to take the ambitious steps to elevate Discount Broking powered by Intelligence.” He further added, “With the launch of Futures and Options trading to our platform, we are further expanding our suite of offerings. This addition will further strengthen our efforts to empower investors and traders with the tools and resources they need to navigate today’s dynamic financial markets.”

The launch of the F&O feature underscores Share.Market’s dedication to innovation and customer-centricity. By continuously enhancing its platform with new features and capabilities, Share.Market remains at the forefront of the industry, catering to the evolving needs of investors and traders.

Launched in August end 2023, Share.Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and a great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share.Market offers stocks (intraday and delivery), Exchange-Traded Funds (ETFs), Mutual Funds, and WealthBaskets. 


Website: https://share.market
Download the App: 

Singapore Tourism Board (STB) and PhonePe enter a two-year strategic partnership to promote UPI payments for Indian visitors in Singapore

Telugu super news,National, April 8th,2024: The Singapore Tourism Board (STB) and PhonePe have entered a two-year Memorandum of Understanding (MoU). At a signing ceremony held on the morning of Wednesday, April 3rd, STB’s Chief Executive, Melissa Ow, and Ritesh Pai, Chief Executive Officer,  International Payments Business for PhonePe , formally signed the MoU. This collaboration builds upon the existing Unified Payments Interface (UPI) linkage between India and Singapore, which allows customers to instantly make cross border transaction between the two countries directly from their existing Indian bank accounts.

As part of the partnership, STB and PhonePe will invest in joint marketing efforts across India and Singapore, to promote the destination’s vibrant offerings and seamless UPI experiences across key tourism hotspots.

This strategic milestone – the first of its kind between a destination and a UPI payments platform – underscores the shared commitment of STB and PhonePe to add value to the overall experience of travellers exploring the vibrant city of Singapore by making it possible for them to use familiar services like UPI payments during their stay. As one of the most vibrant urban destinations in the region, Singapore is well known for its iconic landmarks and rich heritage precincts, each with its own charm. With a host of extraordinary retail, culinary, and adventure hot spots that await every traveller, this move will further unlock seamless exploration of Singapore’s diverse attractions and offerings that has attracted Indian travellers.

Melissa Ow, Chief Executive, Singapore Tourism Board, said: “We are excited to announce our alliance with PhonePe, a leading Fintech player in India. This partnership exemplifies our dedication to enhancing the Singapore visitor experience for discerning, tech-savvy consumers. By seamlessly integrating Singapore’s exceptional offerings into the digital realm, our goal is to streamline payments across the traveller’s experience and promote curated deals, from attractions and retail to dining and nightlife. This initiative reflects STB’s commitment to innovation and customer-centricity in the travel industry.”

Ritesh Pai, Chief Executive Officer, PhonePe, International Business for PhonePe Private Limited, said: “Singapore is a dynamic destination with unique offerings that are well appreciated and celebrated among Indian travellers. Partnering with STB will facilitate ease of transactions for PhonePe users who now can just pay directly from their existing bank account by scanning a QR code when visiting the island-city.”

Blue Cloud honored by CISF for Contributing to the Security of Hyderabad Airport

Telugu super news,Hyderabad, April 8, 2024: Hyderabad based Blue Cloud Softech Solutions Ltd was felicitated by Deputy Inspector General (DIG) D. Shyamala of the Central Industrial Security Force (CISF), acknowledging our contribution of state-of-the-art firewalls and security equipment to enhance the safety protocols at Hyderabad’s Rajiv Gandhi International Airport.

This partnership underscores our unwavering commitment to supporting our nation’s critical infrastructure with the latest in cybersecurity and safety technologies. The donated equipment is designed to fortify the airport’s digital defenses, ensuring the safety and security of millions of passengers and staff.

“We are deeply honored to receive recognition from such a prestigious body as the CISF,” stated Janaki Yarlagadda, Executive Director, Blue Cloud Softech Solutions Ltd. “This collaboration is a testament to our dedicated team’s hard work and the trust placed in us by the CISF. Together, we are setting new standards for airport security.”

This initiative is part of Blue Cloud Softech Solutions Ltd’s ongoing commitment to give back to our community and contribute to national security efforts. We believe that through strategic partnerships and the application of innovative technologies, we can create a safer and more secure future for everyone.

We extend our heartfelt thanks to DIG D. Shyamala and the entire CISF team for this honor and look forward to our continued partnership in safeguarding India’s critical assets.

Energising international research collaboration

Telugu super news, India, April 8th,2024: The power of collaboration could help India and New Zealand reach renewable energy goals and bring an end to energy poverty.

A recent visit to the Indian Institute of Technology Delhi (IIT-Delhi) by a New Zealand delegation of University of Canterbury researchers explored renewable energy research developments and strengthening partnerships in a series of workshops focussed on green hydrogen.

IIT-Delhi Dean of Research and Development Professor Naresh Bhatnagar says an international commitment to developing renewable energy solutions needs enthusiastic and talented international partners.

“If we find synergies and ways to get together as international partners, then the sum will be greater than the parts. We see this in our international collaborations – papers are cited more, perspectives are different, and the vibrancy of the campus and research grows.”

Recently published IIT-Delhi research, ‘Mission Energy Access for a just and sustainable future for all,’ supports the global goal of ending energy poverty by 2030. The authors noted that it is a betrayal of the global commitment to ending energy poverty that so many global citizens remain unable to access reliable energy.

India is committed to aspirational climate goals, including a Government commitment to be energy independent by 2047. Renewable energy and green hydrogen will play a significant role in this. 

An expert in energy and hydrogen technologies, University of Canterbury Professor Aaron Marshall was delighted to join the delegation and share his research, which explores energy equity.

His research aims to develop a new type of electrolyser – a tool that splits water into hydrogen and oxygen – to produce green hydrogen energy in a more cost-effective way by replacing noble metals, metals that are resistant to corrosion and oxidation.

“Energy is required to produce hydrogen. Currently, the best electrolysers are about 75% efficient, but they cost a lot to build and use expensive noble metals,” Professor Marshall says.

The conversations will continue when IIT-Delhi Assistant Professor Suryanarayana Vikrant Karra, an expert in Materials Science, visits the University of Canterbury later in the year on an IIT-Delhi India-New Zealand Centre Fellowship.

The opportunity Christchurch, New Zealand provides

Christchurch, New Zealand has emerged as a hub for developing green fuel technology. University of Canterbury researchers work closely with industry including Christchurch International Airport, the only net zero-emissions airport in New Zealand; Fabrum, an innovative green hydrogen producer; and Liquium, a producer of clean ammonium fuel that has the potential to decarbonise heavy industries such as shipping.

University of Canterbury Assistant Vice-Chancellor Engagement Brett Berquist led the delegation in India and outlined the unique opportunities a partner in New Zealand can provide.

“As a university and nation, we are focused on collaboration, sharing unique approaches, and scaling the benefits for other much larger countries.

Following our very productive visit to IIT-Delhi we look forward to welcoming our colleagues from India to the University of Canterbury in Christchurch later in the year to strengthen our relationship and continue the conversation to end energy poverty,” says Mr Berquist.

Green hydrogen research at the University of Canterbury

నూరుశాతం ఈవీ రుణాల కోసం.. గ్రీవ్స్ ఫైనాన్స్ నుంచి “evfin”

తెలుగు సూపర్ న్యూస్,హైద‌రాబాద్, ఏప్రిల్ 5, 2024: నాన్ బ్యాంకింగ్ ఫైనాన్షియల్ కంపెనీ (ఎన్‌బీఎఫ్‌సీ) గ్రీవ్స్ ఫైనాన్స్ లిమిటెడ్ హైదరాబాద్‌లో “evfin”అనే తన అద్భుతమైన ఫైనాన్షియల్ ప్లాట్‌ఫాంను ప్రారంభించింది. ఎలక్ట్రిక్ మొబిలిటీ, ఇతర సుస్థిర పరిష్కారాలకు అంకితమైన భారతదేశపు మొట్టమొదటి కన్స్యూమర్ ఫైనాన్స్ లెండింగ్ ప్లాట్‌ఫాం ఇది. అధునాతన డిజిటల్ సూట్, సృజనాత్మక ఆస్తుల నిర్వహణ పరిష్కారాల మద్దతు దీనికి ఉన్నాయి.

ఎల‌క్ట్రిక్ వాహ‌నాల‌కు క్ర‌మంగా పెరుగుతున్న ఆద‌ర‌ణ నేప‌థ్యంలో.. ఈ మార్పును మ‌రింత వేగవంతం చేయడానికి, వినియోగదారులకు ఎలక్ట్రిక్ వాహనాల వినియోగం, దాని జీవిత‌కాలం గురించి పూర్తిస్థాయి స‌మాచారం అందించ‌డం చాలా ముఖ్యం.  ఈ విష‌యంలో “evfin”అపూర్వమైన వినూత్న అనుభవాలను అందిస్తుంది. ఈ సూట్ వ‌ల్ల ఈవీ మీ చేతిలో ఉన్న‌న్నాళ్లూ మెరుగైన ప్ర‌యాణం అందేలా నిర్ధారిస్తుంది. వినియోగ‌దారుల‌కు అందుబాటు, తక్కువ ఖర్చుతో కూడిన ఫైనాన్సింగ్ ఆప్ష‌న్స్ అందిస్తుంది. ఎలక్ట్రిక్ మొబిలిటీ వైపు మార్పును వేగవంతం చేయడానికి, ఈ స‌రికొత్త ఆర్థిక చొరవను స్వీకరించిన నగరాల జాబితాలో హైదరాబాద్ చేరింది.

ఈ ఏడాది ప్రారంభంలో భారతదేశంలోని ప్రముఖ ఎలక్ట్రిక్ ద్విచక్ర వాహన తయారీదారుల్లో ఒకటైన ఏథర్ ఎనర్జీతో “evfin”త‌న భాగస్వామ్యాన్ని ప్రకటించింది. గ్రీవ్స్ నుంచి ఆంపియర్, హీరో మోటార్ కార్పొరేషన్ నుంచి విడా, ఓలా ఎలక్ట్రిక్, ఇంకా మీ నగరంలోని టీవీఎస్ ఐక్యూబ్ లాంటి అన్ని ప్రముఖ ఈవీ టూ వీలర్ ఓఈఎం డీలర్‌షిప్‌ల‌లో కూడా “evfin” ఆఫర్లు అందుబాటులో ఉన్నాయి. 

ఈవీఫిన్ వినియోగదారులకు వారి వ్యక్తిగత అవసరాలు, ప్రాధాన్యతలను తీర్చడానికి అనుకూలంగా ఉండే విభిన్న శ్రేణి ఫైనాన్సింగ్ పరిష్కారాలను ప్రత్యేకంగా అందిస్తుంది. ఎలక్ట్రిక్ వాహన యాజమాన్య అనుభవాన్ని విప్లవాత్మకంగా మార్చడం, కొత్త ఈవీ యజమానులకు సౌలభ్యం, ఆకర్షణను పెంచడం లక్ష్యంగా పెట్టుకుంది.

బైబ్యాక్, అప్ గ్రేడ్ పై ప్రధానంగా దృష్టి సారించి, విభిన్న రకాల అవసరాలు, ప్రాధాన్యతలకు అనుగుణంగా రూపొందించిన క్యూరేటెడ్ ఫైనాన్సింగ్ పథకాలను యాక్సెస్ చేసుకునే ప్రత్యేక సౌలభ్యం ఈవిఫిన్ వినియోగదారులకు ఉంటుంది.

అతి తక్కువ వడ్డీ రేట్ల కోసం చూస్తున్న వారికి జిప్.ఫిన్, ప‌ర్యావ‌ర‌ణ అనుకూలంగా, చౌకగా ఉండాల‌నుకునే వారికి ఎకో.ఫిన్, భరోసాతో కూడిన బైబ్యాక్ ఆప్షన్లతో సాంకేతిక పరిజ్ఞానం ఉన్న ప్రారంభ విన‌యోగ‌దారులకు స్మార్ట్.ఫిన్, తక్కువ ఈఎంఐల కోసం చూస్తున్న రోజువారీ ప్రయాణికులకు రైడ్.ఫిన్, భరోసా కోరుకునే వారికి రక్షణ.ఫిన్ వంటి ఆప్షన్లు “evfin” ఉన్నాయి. ఈ ఎంపికలు కొంతమందికి వారి ఆర్థిక లక్ష్యాలు, మొత్తం మానసిక ప్రశాంతతకు ఏది బాగా సరిపోతుందో ఎంచుకోవడానికి అనుమతిస్తాయి.

ఎలక్ట్రిక్ వాహనాల కొనుగోళ్లను పరిగణనలోకి తీసుకునేటప్పుడు వినియోగదారుల ఆందోళనలను పరిష్కరించడానికి రూపొందించిన వినూత్న విధానం, ప్రత్యేక ఫీచర్లు, సేవల ద్వారా ఎలక్ట్రిక్ ఫైనాన్సింగ్ కాస్త విభిన్నంగా ఉంటుంది. వారి ఆందోళనలను పరిష్కరించడానికి, వ్యక్తిగత అవసరాలు, పరిస్థితుల ఆధారంగా కస్టమ్ సిఫార్సులను అందించే “సహాయక కొనుగోలు” ను అందించాలని ఈవీఫిన్ ప్రతిపాదిస్తుంది. ఈ వ్యక్తిగతీకరించిన మార్గదర్శకత్వం వినియోగ‌దారుల‌కు ఈవీ కొనుగోళ్ల విష‌యంలో గ‌ణ‌నీయంగా సహాయపడుతుంది. ఇందులోని ప్రొటెక్ష‌న్ ప్లాన్స్ వ‌ల్ల అద‌న‌పు వారంటీలు, లాక్డ్ ఇన్ రీసేల్ ధ‌ర‌లతో పాటు వినియోగ‌దారుల‌కు త‌మ ఈవీ త‌న విలువ‌ను అలా కొన‌సాగిస్తుంద‌న్న విశ్వాసం ల‌భిస్తుంది.

“evfin”, ఎథర్ ఎనర్జీ మధ్య భాగస్వామ్యం దేశం హ‌రిత‌,  సుస్థిర భవిష్యత్తు వైపు వెళ్లేలా చేస్తుంది. ఎలక్ట్రిక్ మొబిలిటీ స్వీకరణను వేగవంతం చేయడంలో వారి నిబద్ధతకు ఇది నిదర్శనం. ఈ సహకారం ఈవీ యాజమాన్యాన్ని సులభతరం చేస్తుంది, పరిశుభ్రమైన వాతావరణానికి దోహదం చేస్తుంది.

Greaves Finance Ltd., introduces “evfin”, the 100% ev-focused lending platformin Hyderabad

Telugu super news,Hyderabad, Date 5, 2024: Greaves Finance Ltd., a non-banking financial company (NBFC), has launched its groundbreaking financial platform called “evfin” in Hyderabad.evfin is India’s first consumer finance lendingplatform dedicated to electric mobility and other sustainable solutions, supported by an advanced digital suite, and innovative assetmanagementsolutions.

To expedite the transition towards electric vehicles amidst their increasing adoption, it is crucial to address the complete lifecycle journey of EV usage for consumers.evfin offers an unprecedented suite of innovative experiences.This suite ensures a superior EV journey throughout the ownership lifecycle, providing accessible and cost-effective financing options.Positioned to expedite the transition towards electric mobility, Hyderabad joins the ranks of pioneering cities embracing this transformative financial initiative.

Earlier this year, evfin hadannounced its partnership with Ather Energy, one of the leading electric two-wheeler manufacturer in India.Further, evfin offerings are also available in all leading EV 2-wheeler OEM dealerships like Ampere from Greaves, Vida from Hero Motor Corp, OLA Electric and for TVS iQube in your city. 

evfinoffers customers exclusive access to a diverse range of financing solutions customised to cater to their individual needs and preferencesand aims to revolutionise the electric vehicle ownership experience, enhancing convenience and appeal for potential EV owners.

evfin customers will have an exclusive privilege of accessing curated financing schemes, each thoughtfully tailored to accommodate a diverse range of needs and preferences with a core focus on buyback and upgrade.

evfin has options like zip.fin for those who are looking for the lowest interest rates, eco.fin for those who value eco-friendliness and affordability, smart.fin for the tech-savvy early adopters with assured buyback options, ride.fin for the daily commuters looking for low EMIs, and protect.fin for those who crave assurance.These choices allowsone to select what aligns best with their financial goals and overall peace of mind.

evfin stands out from traditional EV financing options through its innovative approach and unique features and services tailored to address consumers’ concerns when considering electric vehicle purchases.To tackle these concerns, evfin proposes to offer “assisted buying” providing custom recommendations based on individual needs and circumstances.This personalised guidance helps

one make informed choices about their EV purchase.The protection plans include extended warranties and locked-in resale prices, giving customers confidence that their EV will retain its value.

The partnership between evfin and Ather Energy is a testament to their commitment to accelerating electric mobility adoption in India.As the country moves towards a greener and more sustainable future, this collaboration will facilitate EV ownership and contribute to a cleaner environment.

CIE-IIIT Hyderabad and Royal Academy of Engineering jointly launch tech startups cohort for the UK

Telugu super news,Hyderabad, Apri 4, 2024:CIE-IIIT Hyderabad and Royal Academy of Engineering have jointly launched a tech startup cohort for the UK. Eight startups have been selected in domains of sustainable development goals. The program enables mentoring in India and meeting with prospects and investors in the UK.

The Royal Academy of Engineering’s Leaders in Innovation Fellowships (LIF) programme focuses on nurturing bold, scalable innovations from all areas of engineering and technology that are addressing some of the world’s most complex environmental, economic, and societal challenges. They identify and work with in-country partners to deliver the program within their geographic location. CIE-IIIT Hyderabad is The Royal Academy of Engineering’s partner for India.

The standout Indian startups selected for this program are Nariksha Pads, Pola, Quavilon, ASHA+, Hydroverse, SmartKosh, Revalu, and Precue. Through the LIF programs, these startups will receive comprehensive support, including training, mentoring, and access to an international network. The aim is to equip them with the tools to commercialise their technologies and thrive in the competitive UK market.

Selected innovators will advance impactful solutions addressing the UN’s Sustainable Development Goals (SDGs) globally. The LIF program offers tailored support, including training, mentoring, and access to a diverse network of experts and resources. Supported by the UK’s Department for Science, Innovation, and Technology, these programs drive sustainable development through locally engineered solutions, impacting communities worldwide.

Funded by the UK Department for Science, Innovation, and Technology’s International Science Partnership Fund, and facilitated by The Royal Academy of Engineering, these programs are pivotal in fostering global innovation with a local impact.

“We are thrilled to join forces with the Royal Academy of Engineering in this transformative initiative,” said Prof. Ramesh Loganathan, COO of CIE-IIIT Hyderabad. “This collaboration underscores our commitment to nurturing entrepreneurship and driving positive change through cutting-edge engineering solutions.”

The India training event hosted in Goa served as a platform for startups to showcase their innovations, engage with industry experts, and explore avenues for collaboration and investment.

For further details on the LIF programs and upcoming events, please visit https://raeng.org.uk/lif.

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