Recent Brand Stories
Mumbai, June 29th 2018: The 2nd edition of The Economic Times Iconic Brands 2018, an endeavor to recognize successful brands of Indian origin, was held at a glittering soiree in Mumbai. The event brought together the most iconic brands that have gained traction not just in India but also globally for their track record of excellence, in the process carving out a distinct identity that resonated with audiences. In recognition of their achievements, Chief Guest Babul Supriyo, Minister of State for Heavy Industries and Public Enterprises, Government of India, felicitated the eminent nominees. The evening also saw reputed personalities like Kajol, Jackie Shroff, Subhash Ghai and Karnam Malleshwari being awarded for attaining iconicity in their respective professions. The brands felicitated included Lakme, Reliance Industries (Textile Division), JK Tyre & Industries, HIL, Kent RO, Indian Oil Corporation, Sify technologies, Mahindra Powerol, Muthoot Pappachan Group, GIC Re, MEP Infrastructure Developers, Dr. Batra's Healthcare and DHFL to name a few. Lending gravitas to the event was a stellar speaker lineup, which included industry titans such as Paul Josy, Chairman, BBDO; Prahlad Kakkar, Genesis; Sadashiv Nayak, CEO, Big Bazaar; Bianca Ghose, Chief Storyteller, Wipro; Mansoor Ali, Chief Sales & Marketing Officer, Hamdard; Kapil Pillai, Head Marketing, Godrej Consumer Products; Elizabeth Venkataraman, Executive Vice President, Consumer Business, Kotak Mahindra Bank; Naveen Gaur, Chief Operating Officer, Lowe Lintas; and Elsie Nanji, Former Managing Partner, Red Lion. Karnam Maleshwari, India's first Olympian and receiver of Rajiv Gandhi Khel Ratna and Padma Shri Award said, "Our country is progressing, and I am working with the government to set up training centers for women wrestlers to make sure that there are more Maleshwari's that are recognized all over the world." Legendary Director, Subhash Ghai share that he , "Felt humbled at The Economic Times Iconic Brands event", adding "but I don't feel iconic as I still think I still am a student of cinema and life itself. There's still lots to learn and to inspire the next generation to be a NeW Man of the 21st century." The Chief Guest of the evening, Shri Babul Supriyo expressed his gratitude and said, "The ET Iconic Brands is a groundbreaking event through which we can place Indian brand achievements in the cynosure of the global view." Talking about his involvement in India's development, he added, "It is a great experience for me to be a part of the Central Government under the leadership of our respected Prime Minister trying to push the make in India initiative & Im glad that we are doing pretty well in terms of foreign direct investments of $5000 cr. that has been touched in April 18'. We are encouraging people to make things in India. If it can be done in China and other parts of the world, then why not in India. By doing so, we can provide employment to a population of 130 billion." Kajol said, "We are a vast country and I'm elated to be chosen as an Iconic queen. To stay true to myself is a pressure which is self-inflicted in me and the opinions of what others have to say has never made a change in my choices and the kind of work I want my audience to see me doing." Also sharing a word of appreciation, Jackie Shroff, Style icon of Bollywood said, "Getting an award from a high profile newspaper is a great honor. Respect people and take good care of yourself and that will always keep you one of the style icons. Keep your immunity strong and don't get pulled down by gravity." The occasion was also marked by the launch of the 2nd Edition of The Economic Times Iconic Brands 2018 coffee table book, which features successful brand stories and outlines the DNA of these legendary brands, taking a deep dive into what has made these brands stand out and what they are doing as an ongoing process to live up to their iconic status. To know more, visit: www.et-iconicbrands.com About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, round-tables and case studies.
New Delhi, June 2018: The Economic Times Doctors Day Conclave, 2018 brought some of the finest healthcare professionals under one roof and delved into issues affecting healthcare in India, the challenges faced by doctors, recent key initiatives taken by the government and what the future holds in terms of technological innovations. Chief Guest Smt. Anupriya Patel, Minister of State, Ministry of Health and Family Welfare, actor Tisca Chopra and Sunita Quadros, Business Head and Senior Vice President , Times Strategic Solutions felicitated distinguished doctors from across India representing the categories of: Gynecology, Diabetology, Gastroenterology, Cardiology, Neurology and Orthopedics. Six coffee table books were unveiled for each of these specializations. Special addressee, Sonu Nigam spoke about his personal experiences and appreciated the efforts of doctors Anupriya Patel, Minister of State, Ministry of Health and Family Welfare, said, "Providing primary healthcare to all and integrating the ecosystem in extending premium health care to those who can't afford it should be at the heart our future initiatives. We have initiated 'Ayushman Bharat Yojana' and 'Amrut Yojana' to bring down cases of non-communicable diseases, making sure that affordable care reaches even the most impoverished quarters of the country". Chief Guest Shri Ashwini Kumar Choubey, Minister of State for Health and Family Welfare, speaking on Healthcare in India said "Our country is very diverse and has a huge population of 100 crore plus people and this in itself is a challenge. Added to that the scale of non-communicable diseases in India ranging from diabetes to cancer makes it tougher, but the government is taking consolidated measures to ensure that these are gradually ironed out. In the last few years we have been able to check mothers' mortality rates and upgrade our healthcare system to cater to a huge proportion of our country. I believe that we will in the times to come add to the existing 1.5 lakh illness centers and transform them into wellness centers." Further adding, " The PM has envisioned to bring the population residing at the poverty line and below into a one-of-a-kind program which plans to ensure that 10.5 crore families are covered under the Ayushman Bharat, Pradhan Mantri Rashtriya Suraksha Yojana, by providing each family an insurance of Rs. 5 lakhs. Padmashri Dr. K.K. Aggarwal, Vishwa Hindi Samman, National Science Communication Awardee and Dr. B.C. Roy National Awardee, Immediate Past IMA President commented that, "India is the future and it is going to be a leader in healthcare. We need to focus on universal healthcare, in an environment of mass inclusion, where 100% of the population is medically insured, and the government is taking consolidated measures in ensuring that. We need to talk about pre-modal and primary prevention and stress on healthcare management vis-a-vis universal lifestyle management". Dr.Jaideep Malhotra, President FOGSI, said, "India needs an integrated approach to reach out to the many millions and train the various service segments attending to them. We need to take care of even the minute concerns of a patient especially in case of non-communicable diseases. The ecosystem has to combine its efforts and map the health facilities and sensitize them jointly at various levels at both rural and urban India." Dr. Mamta Jain, MD, Medwiz Healthcare Communications opined that, "We are at the cusp of great technological innovations which are going to spearhead the healthcare needs of the future. Be it diagnostics or organ replacements, technology will play a big role going ahead. Technological innovations are going to minimize the cost of medical services, making it more inclusive, accessible and impactful. Amit Bakshi, Chairman and Managing Director at Eris Life-sciences shared that, "We are glad to be associated with this great industry ice breaker, where we could bring under one roof all the concerned stakeholders of the industry together. The platform will immensely help consolidating the views and outlook of the industry as well as have the knowledge and expertise, prerequisite to influence and update national policies in favor of the many millions in our country". The evening wrapped up with a lively panel discussion on growing mistrust among patients, doctor-patient relationship and the way forward to deal with the future challenges in the medical field. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, round-tables and case studies.
The Economic Times presents 4th edition of The Sales Strategy Summit 2018, co-powered by Mind Tickle, on 'Unlocking Minds' June 2018, Mumbai : India is poised to emerge as one of the largest economies of the world, the way customers buy and businesses sell is fast changing. As market conditions evolve and change rapidly, so too do consumer buying attitudes and behaviors. Today's buyers are more demanding, insisting on both off-the-shelf products and complex, customized solutions with different levels of sales support. Sales leaders and business owners in their struggle to adapt to fast-changing selling trends are facing a testing time trying to meet business objectives and remain profitable. CEOs and sales leaders face the urgency of meeting targets, a task made all the more complicated by globalization and customers' changing needs. The 4th edition of The ET Sales Strategy Summit will witness the gathering of some of the most successful sales leaders bringing innovation and collaboration across all industries to achieve increased revenue growth. Get access to 20+ Sales Analysis Sessions including panel discussions with MDs, CEOs and Sales Leaders unraveling sales strategies to deliver impact and value across a variety of business scenarios. Learn from industry leaders on diverse topics, such as optimizing sales channels with cost-effective methods, strategizing sales forecasting to cut costs, increase closing ratios and gain greater revenues. Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance Company, opines that Artificial Intelligence is a good enabler for process efficiencies. He says that, "For AI to have significant impact on sales it requires a lot of credible data on which it can effectively work. With rise in mobile penetration and data usage, there is significant improvement in the quality of data availability. As this improves further we shall see AI as a great enabler for business, particularly in the context of digital shift. It will help customers get recommendations based on their implied needs basis the data availability, which AI can do seamlessly. This would ensure presenting more targeted propositions to customers and also provide superior experience based on their preferred channel. Hence, AI is a catalyst which would grow business in the medium to long term, making both seller and customers more informed." Speaking ahead of the Summit, Deepak Lamba, President, Worldwide Media and CEO, Times Strategic Solutions, states that "Disruption is the new normal today, and this flux is not just true for products and services, but also the sales strategies and paradigms we knew as effective. As the market evolves rapidly, to fail to prepare the right sales strategy is to prepare to fail. The Economic Times Sales Strategy Summit arms attendees with the tools needed to pursue a trajectory of explosive growth, helping them stay ahead of the curve at all times." Key discussions includes Think like a Sales Leader & understand Design, Build, & Manage your Sales Plan Mapping your strategy High profile panelists at the Summit : Aditya Paranjpe, Head IOT, KloudQ Technologies Albert Almeida, COO, Non-Movies, BookMyShow Aslam Karmali, CEO, Sr. Vice President, Retail (India & International), Eureka Forbes Bharat Wakhlu, Resident Director, Tata Group Dinesh Aggarwal, Joint Managing Director, Anchor Electricals John Mattone, Former executive coach to the late Steve Jobs Krishna Depura, CEO, Co-founder, MindTickle Lalit Bhise, CEO, Co- Founder, Bizom Mani Rangarajan, Chief Business Officer, Housing.com Neeraj Bansal, CEO, DHL SmarTrucking Prahlad Kakkar, Brand Guru Prashant Bindal, CSO, LODHA Group Praveen Dalal, Head Sales (India) & Business Head(SAARC), Godrej Consumer Products Ranjeet Kumar, Applicate IT Sellina BOT Safdar Hussain, Head of AI, Abu Dhabi Commercial Bank Sashi Kumar, Head of Sales, India, Indeed.com Shaji Koshy, Senior Vice President, Royal Enfield Subrat Parda, CEO, CO-Founder, RaceTrack AI Sunil Jose, CEO, Country Head India, Salesforce Suresh Pillai, CEO, BrandIdea Analytics Vijay Udasi, Partner, Nielsen Vikas Agnihotri, Director Auto, BFSI, CPG, Telecom, Travel, Google Vikas Mittal, CEO, Magma HDI General Insurance Co. Yadvinder Singh Guleria, Senior VP, Sales & Marketing, Honda Motorcycle & Scooter India Yamini Bhat, CEO, Co-Founder, VYMO Yaquta Mandviwala, Partner, Bain & Company The ET Sales Strategy Summit 2018 is an ideal platform to meet like-minded C-suite leaders and decision makers who understand that disruption and innovation are the only way to not survive, but thrive in today's disruptive era. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, round-tables and case studies.
"India is poised to be worth up to $10 trillion in the next 15 years" - Suresh Prabhu Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India struck a bullish note at The Economic Times Supply Chain Management & Logistics Summit 2018 as he outlined the challenges and imperatives for the next stage of the India growth story Often spoken of as the backbone of the economy, India's supply chain ecosystem is on the cusp of a wave of transformative growth thanks to a raft of regulatory and policy reforms that have been laid out. India thus stands at an inflection point in its history, with its logistics sector expected to reach a valuation of over $2 billion USD by 2019, and given the large potential that this sector has, there arises a need to understand challenges faced by the sector and the hurdles on the path to progress. The fifth edition of The Economic Times Supply Chain Management & Logistics Summit 2017 saw Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India, elucidate on steps taken by the government to give a fillip to the Supply Chain domain across the spectrum. Speaking at the event, he said, "Our economy is poised to grow up to $5 trillion in the next 7-8 years, and up to $10 trillion in the next 15 years. Logistics will play a key role in driving this growth, it has always been the backbone of the economy; it determines how fast an economy grows. So we are working on an economic plan to create logistic hubs and see how to more efficiently manage logistics. We are identifying hindrances and removing them. At the same time, we are trying to digitalise the entire supply chain. The idea is to prepare a proper integrated logistics plan." Ease of trade and doing business forms the fulcrum of the government's proposals to increase India's trade competitiveness, and this has direct relevance to the 'Make in India' campaign. There is thus a massive opportunity for the logistics industry to embark on a journey of transformative growth. Moreover, with implementation of policies such as GST and the investments being made into various aspects of logistics like physical infrastructure and technology, there lies a significant scope to create efficiency gains that can translate into better outcomes for all across business and society.
Scaling up the Supply Chain Ecosystem to further global economic growth The Economic Times & DHL presents the Supply Chain Management & Logistics Summit 2018, a landmark summit that outlines the challenges and imperatives for the next stage of the India growth story May, 2018, Mumbai: India's supply chain ecosystem has great potential for growth in coming years, since it is considered as a back bone of the economy owing to the huge dependency of others sectors. The Indian logistics sector is expected to reach over $2 billion dollar by 2019, and given the large potential that this sector has, there is a need to understand the challenges that the sector faces and remove bottlenecks to progress. Acting as an agent of change, the Economic Times constantly endeavors to address issues that are pivotal to national and global business and economic growth. The Economic Times & DHL Supply Chain Management & Logistics Summit 2018, scheduled on 8th June in New Delhi, will witness the coming together of stalwarts from Government and industry to discuss and deliberate on the potentiality of the present and future challenges faced within the supply chain ecosystem, in addition to scrutinizing the emergence of new business opportunities within the sector. The summit will discuss critical components of India's supply chain and logistics sector, with the deliberations highlighting policy lacunas, impact of E-way bill, requirement for a robust SCM ecosystem, compliances, port connectivity and last mile solutions. High-powered panelists will also examine the need for reforms for creating a hassle-free dynamic supply and demand environment, latest trends in the sector, technology & digitization, financing and rail-road connectivity, besides chalking out best practices. Suresh Prabhu, Hon'ble Minister of Commerce & Industry and Civil Aviation, Government of India, is the Chief Guest at the Summit and will share his views on the leadership approach to building a smart & versatile supply chain highway for the vibrant Indian economy. Artificial Intelligence, IoT will be the key driver going in years to come, bringing a lot of value and generating improved customer satisfaction. Sanjay Mukherjee, Senior Director, Supply Chain Management, Whirlpool believes that the expectations of the Indian customers are changing very rapidly. Younger generations are much more technologically savvy and to keep pace organizations will have to change accordingly. However, these technologies have to be much more affordable to increase usage across organizations. Samir Chaturvedi, Head of Supply Chain, Patanjali Ayurved emphasizes that as far as technology in India is concerned, we are on the first lap of a marathon but are sure to catch up fast, as technology costs become competitive, and we are already witnessing outbreak situations where we have started leveraging tech to bring in efficiencies across the value chain. Samir further points out that technology usage in supply chain is continuously increasing. It has emerged that in some areas technology is extensively being used, e.g., tracking of consignments - be it primary transportation or last mile delivery. WMS which used to be optional sometimes back, is almost a necessity now. High profile panellists at the Summit include Kelvin Leung, AP CEO, DGF Acharya Balkrishna, MD & CEO, Patanjali Ayurved Shyam Jaju, National Vice President & State-in-Charge (Uttarakhand), Bharatiya Janata Party L. Satya Srinivas JS (Customs), Central Board of Excise and Customs Amit Dawar, Director Value Added Services, DGF Shridhar Kulkarni, Senior Director (Logistics, Distribution and Transportation) India Region, PepsiCo Manish R Sharma, Partner, PwC Vikas Anand, IN MD DSC Krishan K. Batra, President & CEO, Institute for Supply Management, India Rajesh Kumar, Head - Presales, Logistics Practice, Ramco Systems, Ramco Systems Rajesh Bajaj, Head Supply Chain, ANTPL - KFC Deepak Malkani, Partner, PwC Pinak Kulkarni, Supply Chain Coach, Consultant & Trainer Sandeep Juneja, IN VP DHLE Amit Bagaria, Vice President - Paytm Mall Dr. Prafulla Chandra Mishra, Statistical Advisor, Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India Kamal Kishor Gupta, Director Supply Chain -Regulatory, Delhivery The advent of game-changing reforms sees the supply chain industry stand at cross-roads. By bringing together industry leaders, the focus of the summit is to push past traditional boundaries, drive innovation, and uncover new sources of value for today's enterprises, thus helping businesses achieve future successes and script new growth stories. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.
Rethinking Security Most organizations have likely already experienced a data breach involving network-connected printers - whether they know it or not Digitization has changed the face of business and society as we know it, infusing a level of dynamism as never seen before. However, the conveniences born of digitization are in reality a double edged sword. A spate of recent incidents across the globe, such as ransomware and swift attacks, have drawn attention to information security risks associated with electronic and digital financial transactions, and organizations are now increasingly focusing on recovering from cyber breaches that threaten to undermine organizational cybersecurity. Cybercrime, internal breaches, compliance infringement and more can hurt your business. Expensive fines and lawsuits are just one part of the equation to worry about, for a security breach can result in damaged reputation, revenue losses and leaks of lucrative proprietary data that could hurt businesses where it hurts most. As cyber-attacks spring forth from all corners of the web, it's easier than ever for businesses to be vulnerable in a game of tag where they're suddenly and unknowingly tagged "it". Fraud, phishing, malware, adware, spam, blended threats and DoS attacks are just of the attacks organizations guard against watchfully. But hitherto innocuous endpoint devices such as printers are not recognized as a large enough threat. Due to the growing sophistication and perseverance of cybercriminals, network firewalls are proving to be insufficient security measures. Organisations need to fortify their endpoints behind the firewall, including network printers, against the persistent threats of ransomware and newer, more malicious forms of malware. Enterprise-level multifunction printers (MFPs) can be complicated creatures, boasting more than 250 security settings. This calls for specialized knowledge for keeping devices, data, and documents secure across the fleet, which can be a time-consuming affair. Unfortunately, that printer sitting in the corner of your office is a silent, prime target for attackers to leapfrog into a private network and wreak havoc. The numbers bear it out too; just 16% of respondents think printers are at high risk for a security threat/breach, according to a Spiceworks survey. The truth of the matter remains that whether known or not, the ubiquitous printer is fast acquiring the dubious distinction of being the unwitting mule ferrying attackers into your backyard. The Economic Times CIO Roundtable powered by HP, held at Mumbai, Bangalore and Delhi, saw approx. 60 CIOs deliberate with security experts from KPMG as they sought to unravel solutions to this oft-ignored security issue. The CIOs moved from one set of challengers to another, as they converged to catch all the cricketing action at the Wankhede Stadium, Mumbai; M. Chinnaswamy stadium, Bangalore and Feroz Shah Kolta, New Delhi in India's favorite cricket carnival. HP Secure Managed Print Services (MPS) manage security so you can focus on your core business. You can count on HP Secure MPS to help assess your risks, secure and manage your fleet, maintain printer security compliance, and keep everything up to date with the latest protections through printers that are self-healing and cyber-resilient. HP has taken the lead to provide technologies and services that reduce the burden on IT while improving security across your print environment. HP print security offers real-time threat detection, automated monitoring, run-time intrusion detection, self-healing through HP Sure Start and built-in software validation, comprehensively infusing security into every aspect of HP Managed Print Services, which makes it the ultimate one-stop destination for printer security. India's blossoming IT industry is hugely dependent on the symbiotic relationship between hardware and the internet, which makes staying secure against cyber-attacks a monumental task. Existing organizational infrastructure is deceptively susceptible to espionage, cybercrime, and systemic digital assaults attacks. With so much at stake, it's a no-brainer to secure critical installations before they're exploited. 81% of companies say security is an important or very important driver to move to managed print services 61% of organisations reported at least a single print-related data breach in the past year 43% of companies ignore printers in their endpoint security practices
March 10th 2018, Mumbai: The first edition of The Economic Times Hospital Stretegic Management Summit 2018 held at The Lalit brought together government officials, healthcare industry leaders, analysts & service providers under one roof to focus on delivering innovative and world-class hospital planning. While healthcare systems and hospitals are faced with increasing pressure to find operating efficiencies in a time where traditional cost-cutting methodologies are producing diminishing returns, it is imperative to create sustainable healthcare funding mechanism. The event convened with a panel discussion on the procurement/supply chain heads of hospitals brainstorming on the latest challenges like GST, bottom-line revival, government policies, vendor management and the future trends that will shape hospital procurement. In the spotlight session, Varsha Kaushal, Deputy Director Materials, P. D. Hinduja Hopsital & Medical Research Centere said, "There is a need to shift the focus from hardcore procurement to utilization management". Sharing his views on the subject matter, Dr. (Col.) VMP Thomas, AVP - Operations & Projects, Dr. L.H. Hiranandani Hospital said, "We have to look at our vendors as partners which goes beyond providing periodic feedback. We must include them as stakeholders in the provision of healthcare". Talking about the summit, Deepak Lamba, President - Times Strategic Solutions, said, "Despite its impressive growth, the Indian Healthcare industry has been inconsistent. While we have world-class hospitals, state-of-the-art technologies, highly qualified doctors and health care professionals attracting patients from all over the world, the average Indian patient faces high prices, inadequate access, and inconsistent quality. We at the Economic Times believe that this summit will help provide a strategic path ahead for the healthcare sector." In a session that laid emphasis on fututre trends in healthcare, speakers like K Ganesh, Chairman, Portea Medical; Dr. P M Bhujang, President, Association of Hospitals and Dr. Aniruddha Chimote, Director, HosConnn Consulting Service discussed that consumers today are more demanding than ever. Not only do they want to be in control, they also want options tailored specifically to their needs and something that fits their budget. Hence for the betterment of the overall healthcare it is important to focus on personalized data, real-time information and blockchain technology that is better for patient outcomes. It democratizes health and creates greater efficiencies and scalability, thus influencing purchasing decisions in respect to healthcare. It is a catalyst for strategic planning, policy positioning and opportunity identification. In a panel comprising of the head honchos of the hospital industry discussing and mapping immediate tools and strategies to improve excellence, quality healthcare, customer service and patient engagement in hospitals, Dr Pallavi Jain Govil, Commissioner, Department of Health services, Government of Madhya Pradesh, said, "In the public health sphere we find that transparency has improved due to the robust technology. Technology helps but there is careful need in choosing the correct technology." In the last panel discussion based on Hospital trends, budget 2018 and beyond Randeep Guleria, Director, AIIMS said, "Medicine is a social sector rather than a cost effective service sector. There is a need to provide proper care to the citizens of India no matter what the social status is. The solution to this is the merger of the public and the private sector making it cost effective for the payers and profitable for the stake holders at the same time." Others who gave their valued inputs were Dr Jitendar Sharma, MD & CEO, Andhra Pradesh MedTech Zone, Government Of Andhra Pradesh, Dr B S Ajai Kumar, Chairman & CEO, Healthcare Global Enterprises and Dr Harish Pillai, CEO, Aster Medcity & Cluster head(Kerala & Hyderabad), Aster DM Healthcare, amongst others. The day concluded with a felicitation ceremony and an enlightening address by the chief guest Dr. Deepak Sawant, Hon'ble Minister of Health, Govt. of Maharashtra, who said, " The concept of smart hospitals is essential for the current scenario." Considering the role of technology in healthcare, he said, "IT & healthcare goes hand in hand hence we must go for tele-medicine since we are short of doctors. Correct use of technology can improve patient doctor relationships and can help reduce the gap that can create issues." About ET Edge: Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through focused exhibitions and strategic conferences and summits. Encompassing business vistas, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create a social and business environment conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through exhibitions, summits and conferences in overarching lectures, hands-on workshops, panels, roundtables, case studies and more.
March 8th 2018: The Economic Times NBFC & Micro Finance summit held today at The Lalit Mumbai saw industry doyens deliberate on growing significance of NBFCs & MFIs in the industry. The summit highlighted the role of NBFCs in promoting India's economic growth. It also analyzed the opportunities, challenges and problems faced by this sector and the way forward. Commencing the conference with his opening remarks, Raman Agrawal, Chairman, FIDC & Senior VP Corporate Affairs, SREI, stated that the flow of non-bank resources to the corporate sector, which includes bond market borrowing and lending by NBFCs, has increased by 43% from April 2017 to December 2017. According to RBI Financial Stability Report Dec 2017, NBFCs were the largest net borrowers of funds from the financial system, hence there are huge growth opportunities. In a panel discussion held on the role of Financial Inclusion, George Alexander Muthoot, MD, Muthoot Finance, said, "We are looking at using customer's credit score to give them unsecured loans as most of the gold customers do not have home of their own. Considering the power that technology holds, we are constantly trying to use and evolve technology in a way that is beneficial and creates hassle-free experience for most customers." Govind Sankaranarayan, Head- Strategy, Tata Capital, said, "Combination of partnership & database helps in increasing penetration of financial inclusion. To reach large numbers of customers successfully & minimize risk we have partnered with various governments to use their database and identify customer worthiness. Thus lending has been productive." Talking about the event, Deepak Lamba, President - Times Strategic Solutions, said "The summit was initiated to highlight the growth, success, challenges and other concerns of the industry through interactive panel discussions, keynotes and un-conferencing sessions. We are grateful to the legends from the finance industry that gathered here today for the larger good of the financial community by sharing inputs on factors affecting the rapid growth and upcoming opportunities within the NBFC & MFI space." The discussion on 'Financial Disruption: Laying digital footprints to drive financial inclusion' saw Suresh A Shanmugam, National Head of BITS & CTO, Mahindra & Mahindra Financial services touch upon the usage of digitalization. He said, "The audience wants something that is engaging enough for a lifetime and hence, using as much as information available will lead to a rise in the use of digital platforms. With the help of these digital platforms, the rural sector will find something reliable enough for them to trust in". Voicing his opinion, Punit Jain, CEO, Nelito, said, "Agility is very important as it sets the banks apart. Banks function slower as compared to the NBFCs, which is why agility is important. Technological advancements like the use of mobile phones & the internet can help in making information easily accessible anytime anywhere. Hence reducing the demand & reliance on bank branches". Sanjay Sharma, Managing Director, Aye Finance, stated that modern methods overcome key challenges that had overwhelmed conventional lending. Providing further insights, Satrajit Saha, CBO, TransUnion CIBIL, said, "Digitalization gives us the ability to present multiple choices and reach the larger audience at quicker pace. This will indirectly give rise to larger NBFCs." On his views on regulations, its evolution and prospective changes, Rakesh Singh, CEO, Aditya Birla Finance, said, "NBFCs and MFIs must have a last resort of borrowing like the banking sector. Manish Jaiswal, MD & CEO, Magma Housing Finance said, "NBFCs & MFIs are the largest propellants of ushering finance into the country". The summit was a momentous event for networking with like-minded people from the sector, which concluded with useful inputs like technology is not only at the head of banking and financial services, but also an increasingly digitalized India has underpinned the rise of NBFCs. Another major advantage of NBFCs is their ground level understanding of their customers profile and their credit needs, which gives them an edge, as their ability to customize their products according to client needs. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.
The Economic Times Asian Business Leaders Conclave, an ET Edge Initiative acted as a melting pot for thought leaders, governments and business leaders to further the cause of greater economic integration between emerging and leading countries in the region. Among the attendees was MergerTech's Nitin Khanna, who we engage in conversation. Nitin Khanna (CEO, MergerTech) talks to us about what drives him and the success of MergerTech Q: From running a software enterprise to creating a boutique investment bank, you've had a fascinating entrepreneurial journey. Talk us through it. A: Entrepreneurship is in my blood. Some of my earliest childhood memories are of me accompanying my uncles on very early morning business trips throughout. I was about 5 or 6 and we would wake up at 4:30am and drive an hour or two to brick kilns to sell them wood and coal and collect the funds that were owed. These were amazing entrepreneurial journeys where I learned the value of things as varied as hard work, sales, "cash is king", relationships, and negotiating. That, combined with an innate ambition and a love of both creating something of value and mentoring/coaching people led me to what I felt was my calling: starting businesses and seeing people (employees, partners, investors) succeed personally and professionally as a result of being part of that businesses. I am continuing that passion beyond the investment bank by having started Cura, one of the fastest growing cannabis companies in the US today. Q: MergerTech is an ambitious undertaking straddling the demands of trying to create a market and leading it at the same time. How do you balance this dichotomy? A: Clients choose investment banks based on prior deals they have done that are similar to the client's business. As a bank founded in 2010 we did not have the luxury of having any deals under our belt so we had no choice but to lead the market. We decided early on that we would try to become the leading investment bank for mobile companies and I'm proud to say we have been very successful in achieving that goal as evidenced by our rankings in the banker league tables. From mobile development firms like Mutual Mobile to the first online only consumer bank Simple we represented the largest and the best clients in the space because we understood mobile better than the old line traditional banks. As mobile has taken off and become ubiquitous it has allowed to both create the market initially and now lead it. We are now focusing our attention on other emerging and exciting markets such as Bitcoin and Blockchain. Q: What's the biggest challenge that keeps you up at night and drives you on? A: At this stage in my professional like I consider myself a player coach and the part that I focus on the most is the coach part. What keeps me up at night is ensuring I am doing the right thing by every employee in our company and every executive who reports to me. From choosing the right people who are talented and aligned with our culture to developing them technically and managerially it is critical to me that people who work for me become the best version of themselves at work and at home and do so in a manner that aligns with the values of the firm.
Mumbai, 6th March 2018: Owing to the growing significance of Non-Banking Financial Companies (NBFCs) & Micro-Finance Institutions (MFIs) in the country, The Economic Times is set to host the first edition of NBFC & MFI Summit on 8th March 2018. This day-long conference will have an eclectic mix of speakers highlighting the overall success of the industry through case studies; discuss the challenges through panel discussions and exploring ways in which technology is changing the face of this industry. The event will be held at The Lalit Mumbai. NBFCs and MFIs have served as important lending machinery that supports the government's financial inclusion mission. NBFCs have scripted a great success story. Their contribution to the economy has grown in leaps and bounds from 8.4% in 2006 to above 14% in March 2015. In terms of financial assets, NBFCs have recorded a healthy growth-a Compounded Annual Growth Rate of 19% over the past few years-comprising 13% of the total credit and expected to reach nearly 18% by 2018-19.2. This summit provides a platform for enabling thoughts and charting a roadmap for the future of NBFCs across the country. Talking about the event, Mr. Deepak Lamba, President - Times Strategic Solutions, said "NBFCs and MFIs play a very critical role in our rapidly developing Indian financial system. It plays an important role in the core development of the country's infrastructure, transport, employment generation, wealth creation opportunities, and financial support for economically weaker sections; they also make a huge contribution to state exchequer. The Economic Times NBFC & MFI Summit 2018 is a landmark event for leaders in the industry to provide useful insights into this important segment of the economy, which is being streamlined to fund important sectors that will boost the economy." The event will be graced by the eminent speakers and experts - Raman Aggarwal, Chairman, FIDC & SVP & Corporate Affairs, SREI, Ramesh Iyer, Vice Chairman & Managing Director, Mahindra & Mahindra Finance, V S Radhakrishnan, CEO & MD, Janalakshmi Financial Services, Chandra Shekhar Ghosh, Chairman, Bandhan Bank, Usha Thorat, Former RBI Governor and George Alexander Muthoot Managing Director, Muthoot Finance to name a few. The summit is a momentous event for networking with like-minded people from the sector. Government officials and regulators, business leaders from reputed Non-Banking Finance sector, micro finance institutions, banking and financial organizations, tech providers, venture capitalists & angel investors, law makers, financial experts, scholars amongst other important entities will be a part of the event as speakers and delegates. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.