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Showing posts from May, 2018

deAsra Introduces Aspiring Entrepreneurs With Funding Essentials

deAsra Foundation on Friday had organized a workshop on “Funding Essentials” for those who wish to start a small business or want to grow their existing businesses effectively by availing right funding schemes.

The workshop was held at Alpabachat Bhavan, Pune & Conducted by Ms. Devayani Kulkarni and Mr. Abhishek Kulkarni, representatives of deAsra Foundation. This workshop helped small business owners to understand how to raise money in a timely and efficient way and avoid unintended financial problems.

Mr. Abhishek Kulkarni said, “Every business has different needs based on the product or service they offer in the market. Hence the requirement of funding will differ. An entrepreneur should study the market for his product or service which will help him to choose the right funding options to grow the business”.

Some important points of funding essentials like, assessment of business before availing any funding scheme and availing funding through cash credit, term loans, long term…

Annapurna Pariwar – Inauguration of New Office Premises

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Annapurna Pariwar, the Pune-based NGO working for women empowerment through its micro finance and other support services inaugurated its new office premises on 7th May, 2018.  The new office building Su Vastu Prestige is located minutes away from its earlier office at Warje, Pune and will house the entire back office staff along with the CEO and Senior Team.

The new premises was inaugurated at the hands of Com. Shri Krishna Mense, the veteran freedom fighter who was also the founder member of Annapurna Mahila Coop Credit Society Ltd. in 1986 along with Padmashri Prematai Purao.  Speaking on the occasion, Com. Mense highlighted the role played by cooperatives in the development of good business practices and creating self-employment.

Dr.Medha Purao-Samant, the CEO of Annapurna Pariwar expressed happiness that the credit society can now boast of its own office acquired with financial support from Indian Overseas Bank, Bank of Baroda and Bank of Maharashtra.  The guests present on the o…

KPIT Fourth Quarter Results FY 2018

FY18 USD revenues grow 14.8% Y-o-Y, reach USD 567.6 Million
Q4 FY18 USD revenue up Q-o-Q by 6.4% at USD 150.2 Million

Investor Release BSE: 532400 | NSE: KPIT

India, May 23, 2018: KPIT (BSE:  532400; NSE: KPIT), a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the fourth quarter and fiscal year ended March 31, 2018.

Highlights for the quarter ended March 31, 2018

Q4 FY18 PAT at ₹760 Million, a Q-o-Q growth of 23.2%, Y-o-Y growth of 41.6%
Q4 FY18 reported EBITDA at 11.4%, Operational EBITDA without transaction expenses at 12.7%
Q4 FY18 ₹ Revenue up by 6% Q-o-Q and 12.6% Y-o-Y
Net Cash Balance as at March 31, 2018 stood at ₹3.18 Billion (₹0.77 Billion as at March 31, 2017)
FY19 Growth Outlook of 8% - 10% in USD Revenue 

Management comments

Commenting on the performance of Q4 FY18, Ravi Pandit, Co-founder, Chai…

22 Year Old Gymnast Gets New Life After Neck Injury

Doctors at SaiShree Hospital saved life of a 22 years old gymnast from Pune, Vijay Ingale, who fell on neck while his routine practice sessions and was complaining of neck stiffness and pain. On getting x-rays, he was diagnosed to have dislocation of 4th cervical vertebra over 5th. Fractures or dislocations around this region of the spine are either fatal or associated with partial to complete paralysis of all 4 limbs. Luckily this patient despite of having a dislocation in his cervical spine did not suffered any injury to the spinal cord.

Similar case of 20 years old wrestler from Kolhapur, Nilesh Kandurkar where his opponent grabbed him by the waist and lifted him in the air in a wrestling move known as the ‘Ekchak’.  Nilesh in trying to free himself landed on his neck with full force and the impact was so powerful that he became unconscious. Doctors confirmed that, Nilesh had suffered neck and spinal cord damage due to the massive impact on landing and he died due to delayed treat…

नवउद्योजकांचा आधारस्तंभ – देआसरा

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जीवनातयशत्यानांचमिळतेजेचिकाटीनेकार्यरतअसतात. आपल्यातअसलेलेकौशल्यजाणूनसातत्यानेजोवाटचालकरतोत्यालाचयशमिळते. दत्तात्रयवस्नेहलबागडेहेयाचेएकउत्तमउदाहरण. याजोडलंप्यालाजेव्हात्यांच्यापहिलाबाळाचीगोडबातमीकळलीतेव्हाएक आर्थिकसंकट