Okaya crowned as India’s most Desired Brand-2020 in TRA Research report

Okaya wins prestigious crown of “India’s Most Desired Brand-2020” in Inverter Batteries category in TRA research report.

Okaya Power Pvt Ltd, a multi-billion battery and power back up products company has won the prestigious crown of “India’s most desired brand-2020” in recently released Brand Trust Report- 2020 by brand analytics firm TRA Research. Okaya topped the TRA research ranking amongst the three foremost players in the industry in all India listings of this report.

TRA, which is a Brand Intelligence and Data Insights major dedicated to understand and analyze stakeholder behaviour through globally acclaimed, proprietary matrices of Brand Trust and Brand Attractiveness, bestowed the esteemed recognition upon Okaya in the Inverter Batteries category. Undoubtedly, this achievement is another feather in Okaya’s cap in view of its absolute commitment towards offering customized Energy Storage Solutions to promote solar power, electric vehicles, and their applications in India.

Arush Gupta, Director & CEO,  Okaya Power Pvt. Ltd said, “It’s an extremely proud recognition which has boosted up our morale while we deliver high quality and well-expanded product portfolio. Brand Okaya has always believed in providing the best products to its customers with its focus on innovations, superior technology and after sales support. The acknowledgment is the outcome of the trust and relationship we created over the years which is our key brand factor quotient and it manifests in our relationship with our trade partners many of whom are there with us since the inception of brand Okaya.”

With its excellent range of Lead Acid Batteries along with Lithium batteries, Okaya has set in motion another big revolution in power storage solutions. It has already achieved distinct technological advancements in cell structure with simultaneously commanding excellence in bringing various new innovations in module design of energy storage solutions. Okaya takes pride in delivering only the highest quality product line that exceeds customers’ expectations.  

Moreover, Okaya has already taken a great leap forward in providing well equipped EV Charging infrastructure so much so that it’s regarded as one of the largest players in this fast growing segment. Okaya remains committed to provide world-class mobility and living through stationary power, portable power, healthy water and air to billions of people on the planet.

Ramagya School Noida students win laurels in national and international sporting events

Delhi-NCR, 29^th February 2020: Ramagya School, Noida, one of the pioneering schools in India, has not only established itself as the country’s premier academic institution, but also as a sports talent hub. Recently four students of Ramagya School, Noida including Prateek Yadav of class XII C in the age group of 18 years, Vikash Basla in the age group of 20 years, Shardul Vikram Singh in the age group of 14 years and Sourav in the age group of 22 years from Ramagya Sports Academy qualified for Indian Shooting Team Squared Trial after participating in the All India 63rd National Shooting Championship 2020 conducted by National Rifle Association Of India.

Apart from emerging victorious in national championships, Ramagya School Noida students have made their institution proud on global platforms too. The school’s student Anika Singh has been blazing success in under-14/16 in International Lawn Tennis Championships while Chitrangada Goyal earned 9th place playing under 13-15 in the 25th Asian Junior Individual Squash Championship, and 1st place in (under 13) 3rdHCL International Junior Squash Open held last year. Similarly in a series of international tournaments for sports like swimming, football, athletics, karate, taekwondo and chess, Ramagya School students have set new benchmarks of excellence. For example, while Aliyah Singh won 5 gold medals and 1 silver medal in SAF Games held in 2016, Ansh Arora won bronze medal (under-18) in 8th Asian 2015 Thailand Swimming championship.

Utkarsh Gupta, Managing Director, Ramagya Group said, “At Ramagya, we give equal importance to sports and academics as we believe good health is the key to achieve success in life. Our strenuous efforts towards delivering quality education along with inculcating sporting spirit have reaped rich rewards for the students as well as the institution. I’m happy to share that Ramagya Sports Academy, an integral part of Ramagya School, has been ranked No-1 in India for sports by Education World in 2020.”Ramagya Sports Academy, in collaboration with M.S Dhoni Cricket Academy, provides the best cricket training in Noida. Also, Bhaichung Bhutia Football School has stepped up to coach Ramagya’s Football enthusiasts. Similarly, the academy has collaborated with Jwala Gutta’s Global Academy for Badminton Global, NBA Basketball School and Ashley Lobo’s The Danceworx. Equipped with state of the art equipment and international facilities in the most congenial atmosphere, Ramagya Sports Academy aims to meet the demands of changing sports scenario and earn high reputation for being one of the leading sports academies in India.

IIFL Home Finance extends its home loan portfolio across rural areas in Gujarat

IIFL HFL under its Expansion program has opened branches in rural areas of Gujarat and it has provided home loans to customers constructing residential property in Gram Panchayat area.

IIFL Home Finance Ltd. (IIFL HFL), leading housing finance company has announced to have achieved deeper home loan penetration across rural areas in Gujarat. IIFL HFL, under its expansion program, has opened branches in rural areas of Gujarat and it has provided home loans to customers constructing residential property in Gram Panchayat areas.

These customers are also eligible for interest subsidy under “Rural Housing Interest Subsidy Scheme (RHISS)” launched by the “Ministry of Rural Development” under “Housing for all by 2022”.

Recently IIFL HFL has received subsidy on behalf of customers staying in 3 districts Palanpur, Himmatnagar and Visnagar in Gujarat. IIFL Home Finance limited is into funding in rural housing in 23 districts of Gujarat and covering more than 400 Gram Panchayats. This scheme will give support to rural housing and to the segment which actually requires to get benefited.

Harpreet Kaur, Head – Expansion Locations, IIFL Home Finance Ltd. said, “Rural Housing Interest Subsidy Scheme (RHISS) is the most inspiring step taken by the Ministry of Rural development and we expect the scheme will give much needed boost to rural housing in Gujarat. Committed to lend support to the buyers of affordable homes, IIFL HFL has been a leader in promoting rural housing interest subsidy scheme (RHISS).

Under the wide umbrella of IIFL Home Finance Limited, the front runner in passing on benefits of PMAY CLSS Schemes, “Swaraj Home Loan” caters to the demand for Home Loan coming from those customers who want to build a Pucca house for living, but do not have pertinent income documents like ITR, bank statements, salary slips etc.

For its continued support in facilitating beneficiary families avail benefits of CLSS Subsidy under PMAY, IIFL HFL has received the award for ‘Best Performing PLI’ under Credit Linked Subsidy Scheme for EWS/LIG under Pradhan Mantri Awas Yojana’ from Ministry of Housing and Urban Affairs, twice. It was awarded ‘Best Performing PLI under PMAY-CLSS for EWS/LIG category- third in 2017’ while it was adjudged ‘Best Performing PLI under PMAY-CLSS for EWS/LIG category –second in 2018’.

RBI hits pause button, keeps rates unchanged due to inflation pressure

RBI hits pause button, keeps rates unchanged due to inflation pressure

6^th February 2020: The Reserve Bank of India (RBI) the apex bank of the country released the Sixth

Pankaj Kumar Jain, Managing Director, KW Group

Bi-monthly Monetary Policy Statement for the current financial year. The monetary policy committee assessed the current macroeconomic situation and continued with accommodative stance and kept the Repo Rate unchanged due to inflation pressure. Considering that there is a direct link between repo rate and market rate of interest on home loan, one of the foremost real estate players in Delhi-NCR, KW Group shared its opinion on this step taken by the RBI.

Pankaj Kumar Jain, Managing Director, KW Group said, “Considering the rising inflationary pressures and slowing GDP growth, the industry was expecting the RBI to cut repo rate by at least 25 basis points in this last monetary policy statement of the current financial year, but the apex bank chose to maintain status-quo second time in a row which is an utterly disappointing move for all the stakeholders of the real estate sector.”  He added that the timing of this policy review was significant as it came just after the announcement of the budget which largely turned out to be a non-event for the real estate sector.

“If a rate cut was announced in this policy review it could have spread much-desired positivity in the real estate market. Still, all is not lost, and it’s the time the apex bank should immediately issue directions to the home loan providers to pass on the benefits of the repo rate reduction of 135 basis points accumulated all throughout this financial year,” said Jain.

The industry stakeholders are of the opinion that it’s urgent to bring down the home loan rates to enthuse buying momentum in the market. While the MPC decided to continue its accommodative stance rather than announcing a rate cut, the homebuyers struggling with the other household requirements due to high rate of inflation, remain reluctant to enter the competitive housing market.