Using Recyclable Material Is Not Enough; Setting Up An Ecosystem To Enable Recycling Is More Critical

Using Recyclable Material Is Not Enough; Setting Up An Ecosystem To Enable Recycling
Is More Critical

Link to View the Discussion - https://youtu.be/onXFmK_2scw

 

Huhtamaki India Limited, a leading provider of primary consumer packaging and labelling solutions in India, hosted the first India edition of its Think Circle.  The forum facilitates an open discussion on the issues, challenges, and opportunities faced by the packaging value chain in achieving circularity. 

 

Discussing ‘Redefining recycling systems through value chain innovations in the packaging industry’ were an esteemed set of panellists that included Yogesh Bambal, Group Leader, AMEA, Mondelez, Suraj Nandakumar, Founder of Recity, Dr. R Rangaprasad, Business Head at Packaging360 and Marco Hilty, President, Flexible Packaging at Huhtamaki. The discussion was moderated by Thomasine Kamerling, Executive Vice President of Sustainability and Communications at Huhtamaki. 

 

“Whilst most food packaging can be recycled, many of today’s legacy assets that were designed to recover and recycle packaging need systemic improvements to ensure that food packaging is collected, sorted and recycled”, said Marco Hilty, President, Flexible Packaging at Huhtamaki.

 “Building a material-positive system for fit-for-purpose food packaging cannot be achieved without innovation and collaboration. To improve material circularity, the first stage requires agreement on the materials to support innovation and open new possibilities. The second stage requires investments in fit-for-purpose infrastructure, which are the foundation of material circularity. Taken together, increased circularity and carbon reduction support our framework for action”, Marco further added. 

 

“Huhtamaki believes that food packaging is essential. By ensuring hygiene and the safety of food, packaging keeps food edible for longer and plays an instrumental role in driving access to affordable food for all, wherever they are in the world. Through Think Circle, we have created a platform for dialogue among key stakeholders to address the biggest challenges we face whilst creating a truly sustainable circular economy. The purpose is to build a more sustainable food and packaging industry, whilst also maintaining business objectives and strengthening the conditions for growth”, said Thomasine Kamerling, Executive Vice President of Sustainability and Communications at Huhtamaki.

 

Think Circle was launched by Huhtamaki globally in 2020 on its 100th anniversary to start an open dialogue with leaders from academia, business, NGOs and institutions to gather different views on what is needed today to address some of the biggest challenges we face in the creation of true and lasting sustainability.

Viewpoints of Spokespersons on the recent RBI Monetary policy

 Views of Ms. Anagha Deodhar – Chief Economist,
ICICI Securities on the RBI Monetary policy

Quote

As expected, the MPC voted unanimously to keep repo rate unchanged and the stance of monetary policy ‘accommodative as long as necessary’. The decision to hold rates came on the back of a difficult backdrop of slowing growth are rising inflation. The MPC upped inflation forecast for better part of FY22 by 20-30bps and lowered GDP growth forecast sharply to 9.5%, mainly due to lower than expected growth in H1FY22. This shows that the committee’s priority is supporting growth recovery. The RBI also announced on-tap liquidity window of Rs 150bn for contact-intensive sectors, additional liquidity facility of Rs 160bn to SIDBI and enhanced the threshold for resolution. Moreover, it announced purchase of government securities worth Rs 1.2trn under GSAP 2.0 in Q2FY22. All these measures together are likely to keep financial conditions in the economy benign and support recovery.

Unquote

 Client: Muthoot Finance

“RBI left the policy rates unchanged for sixth straight time and has avowed to continue accommodative stance as long as necessary to revive growth and help sustain it on a durable basis. This commitment by the central bank was supported by additional measures announced today such as a separate liquidity window of Rs. 15,000 crore for certain contact-intensive sectors and enhancing exposure threshold to Rs. 50 crore from Rs. 25 crore for MSMEs, small businesses and individuals for business loan purposes under Resolution Framework 2.0. Such steps will help borrowers to better mitigate the impact of pandemic’s second wave and we stand resolutely with every Indian to support all finance needs for a truly Atmanirbhar Bharat.”

Views of Indranil Pan, Chief Economist - YES BANK on the RBI Monetary policy

 Quote

As was expected, there were no change in the headline monetary policy rates as also the stance. In his statement, the Governor acknowledges the growth risks and now projects a lower real GDP growth for the year at 9.5%. Inflation projections have been raised too. Given the current evolution of the growth-inflation dynamics, there was absolutely no scope for the RBI to change its policy rates. Instead, the RBI endeavoured to keep the system fluid with adequate liquidity and also targeting rescue operations for the most stressed sectors in the economy. Consequently, a liquidity window was opened up for the contact intensive sectors that continue to totter with the burden of the pandemic. SIDBI was provided with a special liquidity facility to on-lend to MSMEs, specially the smaller ones. To enable the government to borrow at attractive rates, another round of bond buying was announced under G-SAP 1.0 while a G-SAP 2.0 was announced. We think that over the current FY, the RBI will not have any leeway to change its interest rates to provide support to the economy. Instead, it will do whatever necessary to push credit and liquidity to the stressed areas of the economy so as to prevent erosion of the supply chains in the economy.

Unquote

Client: Bank of India

Policy a fine balancing act between growth and inflationary expectations

Policy yet again proved to be a fine balancing act between growth and inflationary expectations. Expanding the scope of Covid 2.0 resolution framework coupled with the recent ECLGS modification is a welcome move to support the needy segments.

Shri A. K. Das, Managing Director & CEO, Bank of India

Client: Shriram Transport Finance

RBI’s monetary policy today was along expected lines with status quo on rates and continued accommodative stance. While the central bank acknowledged that the spread of Covid-19’s second wave into rural areas had brought forth downside risks and a slight reduction in GDP estimates for the year, the forecast of a normal monsoon bodes well for pickup in demand indicators going ahead. In continuation of a slew of measures taken by RBI since the start of the pandemic to better mitigate its impact on businesses & economy, there were additional ones announced today such as a separate liquidity window of Rs. 15,000 crore for certain contact-intensive sectors like supply chain, private bus operators, rent-a-car service providers, vehicle repair services among others. Such steps will keep liquidity abundant and financing conditions congenial necessary for preserving financial stability of all stakeholders.

Client: CREDAI

“RBI continues to maintain an accommodative stance as it is crucial to mitigate the impact of COVID Pandemic. Focus on equitable distribution of liquidity is expected to solve the fund shortage crisis to an extent. Modifying the ECLGS scheme and clear instructions to banks & other financial institutions on sanctioning funds to labour intensive sectors like Real Estate is the need of the hour. Moratorium on principal & interest for 6 months and freezing of SMA classification for another year will aid revival of businesses and thus the economy. The impact of the second wave on large businesses which provide millions of livelihoods is a lot deeper than it appears. MSMEs are staying afloat with the much needed support from the Government. Growing retail inflation coupled with increasing unemployment rates call for immediate & drastic measure from the Central bank.”

 

  

 

லம்பக் கலையில் சிறந்து விளங்கும்

            லம்பக் கலையில் சிறந்து  விளங்கும் வேலம்மாள் பள்ளி மாணவர்  

 
முகப்பேர் வளாகத்தில் உள்ள வேலம்மாள் முதன்மைப் பள்ளியின் 7 ஆம் வகுப்பு மாணவர் செல்வன் ரோஹித். வி,அண்மையில் சென்னை ஃபாரெக்ஸ் மைதானத்தில் நடைபெற்ற தமிழகத்தின் பரம்பரிய வீர விளையாட்டுப் போட்டி -2021 இல் கலந்து கொண்டு சிலம்பட்டத்திற்கான "மகாகுரு ஜம்பு ஆசான்" நினைவுப் பரிசை வென்றார்.

 இப்போட்டியினை சென்னை மாவட்ட சிலம்பாட்டக் கழகம்   ஏற்பாடு செய்திருந்தது. இது தமிழ்நாட்டின் பாரம்பரிய தற்காப்புக் கலையின் வளமான பாரம்பரியத்தை மீண்டும் மக்களிடம் கொண்டு சேர்ப்பதாக அமைந்திருந்தது.
தமிழ்ப் பாரம்பரியத்தின் நுட்பத்தை வெளிப்படுத்தும் சிலம்பாட்டத்தில்
மாணவரின் மகத்தான இச்சாதனையைப்  சாதனையைப் பள்ளி நிர்வாகம்  வியந்து பாராட்டியுள்ளது.

JSPL to divest its coal fired power business to

 JSPL to divest its coal fired power business to reduce emissions, debt

To significantly reduce JSPL carbon footprint by almost 50%

Key Highlights

● Cash Proceeds of Rs.3,015 crores to be received at closing

● Transaction in line with ESG objectives and debt reduction strategy of JSPL to create a robust balance sheet

● Enhanced Focus on India Steel business and upcoming Angul plant expansion from 6 MTPA to 12 MTPA

Chennai,  27th April 2021: Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that Jindal Steel & Power Limited ("JSPL" or "the Company") has accepted a binding offer from Worldone Private Limited ("Acquirer"), to divest its 96.42% stake in Jindal Power Limited ("JPL"), a material subsidiary of the Company. The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives. The equity value is an all-cash offer of Rs. 3,015 crores for 96.42% stake in JPL including 3,400 MW Coal fired power plants in State of Chhattisgarh and other non-core assets owned by JPL.

The divestment is subject to receipt of requisite approvals including approval from shareholders of JSPL, approval from lenders of JPL and JSPL, and such other statutory approvals, consents, permissions and sanctions as may be necessary in line with the extant relevant guidelines. Grant Thornton acted as the Transaction Advisor and ran a comprehensive sale process, reaching out to numerous national & international investors for the asset. Cyril Amarchand Mangaldas, India, acted as JSPL’s legal advisor for the transaction.

Shri V.R. Sharma, MD- JSPL said, “This divestment is in line with our ESG objectives to be amongst the top 10 lowest Co2 emitting steel companies of the world. It is yet another step towards our vision to reduce debt substantially and create a robust balance sheet for our investors and stakeholders. Looking to the future, JSPL will be a key growth driver in the Indian steel industry and will now focus on undertaking expansion of its Angul steel plant from Jindal Steel & Power Limited Corporate Office Jindal Centre, 12 Bhikaji Cama Place, New Delhi 110 066 6 MTPA to 12 MTPA. Infrastructure spending in India is bound to grow exponentially and JSPL is fully aligned with GoI’s vision of achieving 300 MTPA steel production by 2030. We firmly believe in the India growth story and its potential to be an engine of global growth.”

Affle reports 34 per cent growth in

Affle reports 34 per cent growth in PAT FY 2020

Affle (India) Limited, a consumer intelligence driven global technology Company, today announced the results for fourth quarter and financial year ended March 31, 2020.

1. Adjusted for creditors written back in Q4 & 12M FY2020

Affle reported a consistent performance for FY2020 with a consolidated revenue from operations of Rs. 333.8 crores, an increase in revenue by 33.8% y-o-y. EBITDA was at Rs. 88.8 crores, an increase of 26.3% y-o-y. PAT increased by 34.2% y-o-y to Rs. 65.5 crores, and PAT margin at 19.3% for the year. For Q4 FY2020, consolidated revenue was at Rs. 80.0 crores, an increase of 32.3% y-o-y. PAT was Rs. 15.3 crores, an increase of 5.7% y-o-y.

The CPCU business continued a growth momentum delivering a total of 7.23 crore of converted users in FY2020, up 31.5% as compared to 5.50 crore converted users delivered last year. The company generated robust operating cash flows of Rs. 73.0 crores in FY2020, a 52.8% y-o-y growth from Rs. 47.8 crores in last year.

Commenting on the results, Anuj Khanna Sohum, the Chairman, MD and CEO of Affle said:

"Built to Last! This is what best describes the fundamental DNA of our Company. Since 2005, Affle has successfully navigated several industry/technological changes by focusing on our strategic vision and financial fundamentals, ably guided by a committed leadership team. Affle achieved momentous progress across all the fronts in FY2020 and we are stronger than ever before to face the tough macroeconomic factors including the covid-19 pandemic 

Affle continued its growth trajectory during the year where this growth was broad based coming from both existing and new customers, contributed by consistent growth in advertiser spends across industry verticals and across India and other Emerging Markets. Looking forward, while the times are uncertian, we remain confident of the long term business prospects and are well positioned to navigate ahead to gain further market share. Affle remains committed to deliver new innovations and leverage capabilities to drive sustainable growth, while looking to invest in credible consolidation opportunities that shall enhance value for all our stakeholders.

In Rs. Crore	Q4 FY2019	Q4 FY2020	Y-o-Y Growth	12M FY2019	12M FY2020	Y-o-Y Growth
Revenue from Operations	60.5	80.0	32.3%	249.4	333.8	33.8%
EBITDA	20.1	21.1	5.1%	70.3	88.8	26.3%
Profit After Tax	14.5	15.3	5.7%	48.8	65.5	34.2%
% PAT Margin	23.8%	18.3%		19.5%	19.3%