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Prime Minister Ms Jacinda Ardern invites Prime Minister Narendra Modi to visit New Zealand

Two Books ‘Heartfelt-The Legacy Of Faith’ and ‘Modi@20: Dreams Meet Delivery’ on PM Modi’s governance model internationally released at Auckland

Indian Diaspora hails PM Modi’s development model, farsighted policies for welfare of Indians across globe

“PM Narendra Modi turned India’s developmental journey into mass movement, has established India as a global superpower” : Dr S Jaishankar, Minister for External Affairs

AUCKLAND, New Zealand and CHANDIGARH, India, Oct. 7, 2022 /PRNewswire/ — Ms Jacinda Ardern, Prime Minister of New Zealand has extended an invitation to Shri Narendra Modi, Prime Minister of India to visit New Zealand. She extended this invitation while participating in ‘Vishwa Sadbhavana’ event which was a part of the Kiwi Indian Hall of Fame awards, jointly organised by the NID Foundation and the Indian Weekender at Auckland in New Zealand, where two books depicting Prime Minister Narendra Modi’s unique and hugely successful governance were also unveiled, in the presence of Dr S Jaishankar, Minister for External Affairs.

In her address as the chief guest, Prime Minister Ms Jacinda Ardern said that New Zealand and India share a lot of things among them, and that the relationship between two countries has been growing stronger and there is a massive potential for the growth in the times to come.

“In a world that is becoming increasingly volatile, New Zealand and India share a lot of things. Both the nations care for our democratic traditions and share an interest in a peaceful and prosperous Indo-Pacific region. We share concerns for climate change and we have similar passions for celebrating different cultures and traditions. Engagements like today’s, not only deepen our relationship, but also progresses our aspirations,” said the Prime Minister, while inviting Indian Prime Minister Narendra Modi to visit New Zealand.

“As New Zealand and India celebrate the 70th anniversary of formal diplomatic relations between the two countries, I am happy to note that our ties have been growing stronger than ever. The trade between the two countries continued despite the global challenges and I see a massive potential for the growth in coming times,” the Prime Minister said, adding that she discussed with Minister Jaishankar, a range of opportunities for partnerships between the two countries.

“I believe that the bridge between the two countries has been and will always be our people. Indians started living here in the 1890s and are New Zealand’s largest ethnic community today, constituting 5% of our population. No wonder, Hindi is the 5th most spoken language in New Zealand. The contribution of Indians to the progress of New Zealand has been commendable,” she said, and also released a special postal stamp issued by New Zealand Post to commemorate the 75 years of Indian Independence, along with Minister Jaishankar.

Other members of New Zealand cabinet including Nanaia Mahuta, New Zealand Foreign Minister, David Parker, Attorney-General, Minister of Revenue and Associate Minister of Finance; Jan Tinetti, Minister of Internal Affairs and Minister for Women; Minister Phil Twyford, Minister of State for Trade and Export Growth, Associate Minister for the Environment and Associate Minister of Immigration; Minister Priyanca Radhakrishnan, Minister for the Community and Voluntary Sector, Minister for Diversity, Inclusion and Ethnic Communities, and Associate Minister for Social Development & Employment; Michael Wood, Minister for Immigration & Transport, were also present on the occasion.

Dr S Jaishankar, Minister for External Affairs said, “Prime Minister Shri Narendra Modi has turned India’s developmental journey into a mass movement and it is under his able leadership that India has established itself as a global superpower to an extent that other nations look up to India in the matters of development and crisis alike.“

More than 750 eminent people from Indian Diaspora and New Zealand, particularly the business and entrepreneur community from Gujarat and Punjabi Sikh community, and including members of New Zealand Parliament including MPs Melissa Lee, Paul Goldsmith, Simeon Brown, Karen Chhour, Damien Smith, Andrew Bayly, Simon O Connor, Erica Stanford, Chris Luxon, Leader of the opposition, David Seymour, Leader of the ACT party, Thought Leaders, Entrepreneurs, Corporate leaders, educationists, Spiritual Leaders including Ms Neeta Bhushan, Indian High Commissioner to New Zealand;  Satnam Singh Sandhu, Chief Patron, NID Foundation and Chancellor, Chandigarh University; Prof Himani Sood, Founder NID Foundation; Mr Phil Goff, Mayor of Auckland and former Foreign Minister of New Zealand, Former MP and former leader of the National Party Simon Bridges and Former Governor General of New Zealand, Sir Anand Satyanand, and Mr Bhav Dhillon, Honorary Consul of India, along with CEOs of top companies like HCL, Infosys, Bank of India and Bank of Baroda were present at the historic event organised at Grand Ball Room of Cordis Hotel, Auckland.

The External Affairs Minister said, “From eradicating gender discrimination to strengthening health infrastructure, from empowering women by providing LPG gas cylinders to every household and skill development to every woman, to emancipating the common citizens of the country by their massive financial inclusion, and from making India a truly global education hub, to the digital transformation across the country, the Prime Minister has taken myriad initiatives to transform India into a truly superpower.“

Addressing the gathering, Dr S Jaishankar said, “Under the leadership of Prime Minister Shri Narendra Modi, India’s clout at global level has been increasing over the past 8 years, and the nation has now established itself as a global superpower.“

“With his pro-people governance model and farsighted policies, Prime Minister Shri Narendra Modi has made India’s developmental journey into a mass movement leading to unprecedented growth and prosperity, even as he has led India to its strongest position on the global map, to such extent that other nations look up to India in the matters of development and crisis alike,” added Dr Jaishankar.

“Our journey to the top is fuelled by our strong economy, large yet youngest population and growing international influence. Yet in line with the ancient Indian philosophy of Vasudhaiva Kutumbakam (the world as one family), which is also the principle of Prime Minister, India has never dreamt of its own uplift at the cost of another’s loss. India wishes for the welfare of the entire humanity and the whole world. The spirit of Vishwa Sadhbhavana stems from this very love and respect that India and the Prime Minister has for the people and humanity at the Global level. We have seen the efforts made by the country to bring the entire world together. This very spirit is the spirit of Sadhbhavana,” the minister said.

The Minister said that the trust and reassurance that the Indian diaspora across the globe have on the Indian government and particularly Prime Minister Narendra Modi has been astounding.

“The Indians living abroad have a belief that this government of Narendra Modi has got their back. Be it any situation, the Prime Minister has always made sure that he personally intervenes and oversees the circumstances. This was reflected in the evacuation of more than 4600 Indians from Yemen in Operation Rahat and that of over 20 thousand students from war-torn Ukraine in Operation Ganga. The love and respect for the Indian diaspora is now an important part of India’s foreign policy. On his foreign visits, despite a punishing schedule, the Prime Minister always takes out time to meet the Indian diaspora living in that country,” he said.

“Over the recent years, Indian diplomacy has become much more responsive and responsible, and the credit for this difference goes to our leader, Prime Minister Narendra Modi,” he added.

Satnam Singh Sandhu, Chief Patron, NID Foundation hailed Prime Minister Modi as an illustrious leader, highly experienced strategist but above all a great humanist who has taught Indians to dream and achieve big, as he expressed gratitude for the pro-people decisions taken by the current dispensation under the Prime Minister’s rule, including several decisions in the interests of Sikh community and the NRIs.

“The role of Indian Diaspora remains at the core of India’s pursuit of becoming a ‘Vishwa Guru’ (World Leader) and Modi Ji has made sure that they remain at the heart of it. It is only a leader of unparalleled political and humane acumen like Prime Minister, who could have understood this and done this. On every trip of any country, the Prime Minister takes out time to meet the Indian community there, to talk to them, interact with them and take stock of any problem or issues they might be facing,” he said, adding that the spirit of Vishwa Sadhbhavana is a reflection of this affection that the Prime Minister has for the people and humanity.

” ‘Vishwa Sadbhavana’ commemorates the spirit of Global Goodwill and the virtues of brotherhood, harmony, integration, and collective progress that it encompasses. Today’s event is first to be organised in New Zealand, and picks up from the legacy of the last events held at the City of Chicago, USA and Melbourne Australia, early this year by the NID foundation,“ he said.

 “India is celebrating Azadi Ka Amrit Mahotsav to mark the 75 years of its independence. Our Prime Minister Narendra Modi has asked us to put in efforts to take Indian to the top in the Amrit Kaal, which is the next 25 years. Under his leadership, India has been pacing up to become the Vishwa Guru in this period of time,” he said.

Detailing about the book ‘Heartfelt-The Legacy Of Faith’ by the NID Foundation, Sandhu said that it was an honest attempt at documenting the facts of the history of the Sikh community and the teachings and philosophies of the Sikh Gurus.

“It captures the virtues of Sikhism that are Satt, Santokh, Daya, Nimrata and Pyar, and goes on to show that the values and ethos of the country are not forgotten, rather they are being implemented in our governance model because of their universal and timeless relevance. Taking the five essential virtues of Sikh living as the central theme, the book connects the various initiatives taken by Prime Minister Shri Narendra Modi Ji for the cause and welfare of the Sikhs and Punjab with the Sikh way of living, thereby highlighting the Prime Minister’s embodiment of upholding truthful values, compassion, humility, contentment, and love for all mankind,” he said.

The book details Prime Minister Shri Narendra Modi’s close association with the Sikhs and Punjab in his early days as a politician, as he rose through the political ranks to become a twice-elected Prime Minister of India, and how his respect for the teachings of the Sikh Gurus and his appreciation and affection for the Sikh community translated into action in the Government taking several landmark decisions for welfare and cause of the community, he added.

In his address, Mr Phil Goff, Mayor of Auckland said, “The two nations have a strong belief in democracy and human rights. In the difficult times that the world is going through right now, it is imperative that both New Zealand and India can deliver their values and beliefs to the rest of the world.”

It may be mentioned here that the NID Foundation has been working tirelessly for nation–building in various capacities. From implementing the new education policy to bringing Indian universities to the top positions at the international level, several decisive steps have been taken by the Foundation ever since its inception.

The other book, ‘Modi@20: Dreams Meet Delivery’ is a compilation of chapters by intellectual and domain experts, providing with an expansive exploration into the fundamental transformation of Gujarat and India over the last 20 year due to his unique kind of Governance.

About NIDF

NID Foundation founded by Satnam Singh Sandhu is a social, economic, and political outreach & engagement organization that works with the community, government, industry, and civil society stakeholders to generate reform-oriented intelligence in areas of domestic and international issues, governance, education, and environmental reforms, thereby supporting leaders and policymakers in making informed decisions. Our vision uses global challenges as props and set cutting-edge experiential learning tools to trigger this adaptive capacity.

With active participation of thought leaders like Satnam Singh Sandhu, the NID Foundation is conceptualized and developed at the intersection of issues that are critical to building a New India and focuses on shared global responsibilities, ecological conservation, education, sustainability, and universal wellness. NID Foundation builds partnerships that bring together resources, expertise, and vision while working with the core actors of nation-building to identify issues, find solutions and drive change.

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The Core and Algorand Foundation Kickoff ‘Build on Blockchain’ Series

The strategic content partnership is aimed at delivering insightful, high-impact content at the intersection of business, technology and blockchain for industry leaders and innovators.

MUMBAI, India, April 17, 2025 /PRNewswire/ — The Core, a leading digital business journalism platform in India is pleased to announce a strategic content partnership with pioneering blockchain technology company Algorand Foundation. The partnership will see expansive coverage of the evolving Web3 ecosystem through integrated podcasts, newsletters and video content. This collaboration comes on the heels of The Core recently completing 500 episodes of its flagship daily business podcast, The Core Report.

Algorand, founded by MIT professor and Turing Award winner Silvio Micali, is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput and low fees. Since its launch in 2019, Algorand has revolutionized industries, such as finance, supply chain, and digital identity offering an advanced proof-of-stake blockchain infrastructure that facilitates fast, secure and sustainable transactions. With a growing network of developers and enterprises leveraging its technology, Algorand is driving real-world adoption of blockchain solutions across the globe.

The collaboration between The Core and Algorand Foundation will showcase business challenges that can be solved by building on blockchain technology versus Web2, such as faster remittance, efficient identification and tracking provenance. It will highlight Algorand Foundation’s efforts to engage with universities, including the establishment of over 50 university blockchain clubs and the launch of developer training programs in collaboration with NASSCOM. The podcast series titled ‘Build on Blockchain’ will release weekly segments capturing domain experts who are building their products and solutions on blockchain, case-studies, etc. These initiatives aim to equip young Indian developers with skills in blockchain technology, fostering innovation and financial inclusion in the region.

Launching this new partnership, Anil Kakani, Vice President and India Country Head at Algorand Foundation, said “At Algorand, we believe in the power of blockchain to drive innovation and greater financial inclusion. Our partnership with The Core will amplify conversations with Web3 pioneers from India and around the world who are driving blockchain adoption and its transformative potential across industries.”

Govindraj Ethiraj, Founder & Editor of The Core, said, “Partnering with Algorand Foundation enables us to learn from and engage with cutting-edge technology, while also sharing real-time developments with our audience of decision-makers and industry leaders.”

This partnership with Algorand Foundation follows another recently concluded tech-content partnership between The Core and IT industry body NASSCOM for a podcast series titled ‘NASSCOM Conversations‘. Launched in 2023, The Core Report delivers sharp, insightful analysis on India’s economy, markets, regulations and technology’s transformative role in industries. Crafted for CXOs, business professionals and policymakers, the podcast has built a strong reputation as a go-to resource for in-depth discussions featuring prominent industry leaders, including A S Sahney, Chairman, Indian Oil; Nandan Nilekani, Cofounder, Infosys; Rajesh Nambiar, President, NASSCOM; Saugata Gupta, MD & CEO, Marico Ltd; Mark Mobius, Founder, Mobius Capital Partners LLP and many more.

For more details on The Core Report, visit: www.thecore.in; for Algorand Foundation, visit: www.algorand.com

About The Core:

The Core is a leading insights platform delivering sharp analysis and expert perspectives on India’s economy, finance, and technology. Through its flagship The Core Report, it provides concise, high-impact updates on markets, businesses, tech and policies that shape the nation’s future. Created for decision-makers and industry leaders, The Core distils complex developments into actionable intelligence.

The Core’s team of experienced journalists is led by financial journalist Govindraj Ethiraj who has reported and written on Indian business for over 25 years. More details on The Core at: https://www.thecore.in/; LinkedIn: @TheCore; Instagram: @the.core.in; X: @the_core_in; Facebook: @TheCore.in; YouTube: @thecore_in; Spotify: The Core Report

About Govindraj Ethiraj:

Govindraj Ethiraj is a television & print journalist & Editor of www.thecore.in as Editor. Previously, he was Founder-Editor in Chief of Bloomberg TV India, a 24-hours business news service launched out of Mumbai in 2008. Prior to setting up Bloomberg TV India, he worked with Business Standard newspaper as Editor (New Media). He also spent around five years each with CNBC-TV18 & The Economic Times. He is a Fellow of The Aspen Institute, Colorado, a McNulty Prize Laureate 2018 & a winner of the BMW Foundation Responsible Leadership Awards for 2014.

About Algorand Foundation:

Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs and providing the framework for decentralized governance.

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GTPL Hathway Ltd : Revenue crosses ₹3,500 Cr., increases 8% Annually

AHMEDABAD, India, April 17, 2025 /PRNewswire/ — GTPL Hathway Limited, India’s largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter and Financial Year ended  March 31, 2025.

GTPL logo

Key Financial Highlights:

Key Consolidated Business & Financial Highlights: FY25 Annually                                      

  • Q4 FY25 Total revenue stood at ₹ 8,989 Mn, a growth of 10% Y-o-Y
  • FY25 revenue stood at ₹ 35,072 Mn a growth of 8% annually and Broadband Revenue grew by 4% annually
  • EBITDA for Q4 FY25 stood at ₹ 1,144 Mn with an EBITDA Margin of 12.7% and an operating EBITDA margin of 22%. For the full year, EBITDA stands at ₹ 4,625 Mn with EBITDA Margin of 13.2% with an operating margin of 22%
  • Q4 FY25 Profit After Tax stood at ₹ 105 Mn and the same for FY25 is ₹ 479 Mn
  • For FY25, the board of directors has recommended a dividend of ₹ 2/- per share (20% of Face value)

 

Particulars (₹ in million)

Q4 FY25

Q4 FY24

Q3 FY25

FY25

Digital Cable TV Revenue

2,982

3,148

3,024

12,327

Broadband Revenue

1,358

1,308

1,383

5,456

TOTAL Revenue

8,989

8,148

8,957

35,072

EBITDA

1,144

1,198

1,138

4,625

EBITDA Margin (%)

12.7 %

14.7 %

12.7 %

13.2 %

Operating EBITDA* (%)

22 %

23 %

22 %

22 %

Profit After Tax

105

128

102

479

*Operating EBITDA (%) = (EBITDA net of Activation & Other income) / (Subscription+ ISP + Other Operating income)

Operational Highlights

Digital Cable TV

  • Active subscribers were 9.60 Mn as of March 31, 2025, achieving an increase by 100K Y-o-Y
  • Paying subscribers stood at 8.90Mn, increasing by 100K Y-o-Y
  • Subscription revenue from Cable TV stood at ₹ 2,982 Mn for Q4FY25 & ₹ 12,327 Mn for FY25
  • Company signed Grant of permission agreement (GOPA) with Ministry of Information and Broadcasting for providing Headend-In-The-Sky (HITS) Services for a period of 10 years

Broadband

  • Increase in broadband subscribers by 25K Y-o-Y thus standing at 1045K
  • Broadband revenue increased by 4% to ₹ 1,358 Mn for Q4 Y-o-Y & ₹ 5,456 Mn for FY25
  • Homepass as on March 31, 2025, stood at 5.95Mn – an addition of 150K Y-o-Y. Of the 5.95Mn, 75% available for FTTX conversion
  • Broadband average revenue per user (ARPU) stood at ₹ 465 per month per subscriber, increased ₹5 Y-o-Y.
  • Average data consumption per user per month was 396 GB, an increase of 11% Y-o-Y

Commenting on the results, Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited, said,

“It pleases me to report that the company has sustained its subscriber base across both business divisions reflecting the resilience within operations in an overall challenging industry environment. We continue to remain optimistic about our long-term strategies and our initiatives to capitalize on the evolving consumer trends. 

The upcoming financial year will be pivotal as we look to enhance our capabilities for distribution of TV services with material benefits expected to accrue over the medium term. We are constantly enhancing the ambit of our offerings, upgrading and implementing technological innovations and focusing on providing consumer centric services. We will continue to evaluate opportunities for growth across our businesses.”

 About GTPL Hathway Limited

GTPL Hathway Limited is India’s largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service providers in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company’s Digital Cable TV services reach 1,500 plus towns across India in 26 states. The company enjoys an expansive network, comprising 47,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects. The company offers an enviable catalogue of 950+ TV Channels with 130+ channels which are GTPL Owned & Operated Platform Services. As on March 31, 2025, the Company has 9.60 million Active Digital Cable TV Subscribers and 1.04 million Broadband Subscribers and a Broadband Home-pass of about 5.95 million.

Safe Harbor

Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

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SPJIMR hosts Faculty Development Workshop to integrate ‘Indian Knowledge Systems in Business Education’

Two-day event explored embedding Indian wisdom in management curricula in line with NEP 2020

MUMBAI, India, April 16, 2025 /PRNewswire/ — Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) successfully hosted a two-day Faculty Development Workshop (FDP) on Indian Knowledge Systems (IKS) for Business Education on April 10–11, 2025. The workshop brought together over 40 faculty members from across the country, providing a unique platform for dialogue, reflection, and curriculum development centred on the integration of Indian thought into management education.

SPJIMR_Logo

The National Education Policy (NEP) 2020 underscores the importance of integrating IKS into higher education to foster holistic, multidisciplinary learning rooted in India’s rich intellectual traditions. SPJIMR, with its long standing focus on Indian wisdom in management, is well placed to advance this through meaningful academic engagement.

Commenting on the initiative, Prof. Varun Nagaraj, Dean, SPJIMR said, “As we look to infuse IKS principles in the management education curriculum, it is important that we are specific about what is new and additive to existing approaches that have been built on the liberal arts, ethics, and systems thinking. I thank our conference attendees for engaging in an intellectually rigorous discussion around this question.”

The workshop began with a session by Prof. (Retd.) B. Mahadevan (IIM Bangalore), who offered a clear overview of IKS. He highlighted their interdisciplinary nature, drawing on examples from Aryabhatta to Kalidasa, and emphasised the importance of Sanskrit for accessing original sources without distortion. Prof. Jitesh Mohnot (IIT Jodhpur) followed with an exploration of Marwari and indigenous business practices. He described India’s economic landscape as shaped by ‘vernacular capitalism’, rooted in family firms and informal trust networks, and noted the publishing challenges IKS scholars face without aligning their work to global academic frameworks.

Prof. Ashish Pandey (IIT Bombay) explored leadership through Indian psychology, drawing on the Bhagavad Gita and Rājayoga to connect concepts like karma yoga and mind management with modern leadership. Prof. Varadraj Bapat (IIT Bombay) discussed indigenous financial systems, linking instruments like hundis and insights from the Arthashastra to current economic models and classroom teaching.

The workshop concluded with a synthesis session and curriculum development framework presented by Prof. Surya Tahora, Executive Director of the Centre for Wisdom in Leadership (CWIL), SPJIMR. “This workshop is part of a larger inquiry,” he remarked. “It reflects a growing recognition that our academic institutions can be spaces of intellectual decolonisation, but also creative renewal. Not by rejecting modernity, but by deepening it with the wisdom and subtlety of our indigenous traditions.”

The two-day workshop culminated in a spirited panel discussion and certificate distribution ceremony, marking a meaningful step in SPJIMR’s ongoing efforts to develop contextually rooted yet globally relevant business education.

About SPJIMR

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) is a leading postgraduate management institute, recognised by the Financial Times MiM Global Rankings as India’s #1 business school, by Business Today as one of the country’s top five business schools, and by the Positive Impact Rating as one of the top five business schools worldwide for societal impact. Known for its innovative and socially conscious approach to management education, research, and community engagement, SPJIMR aims to influence managerial practice and promote the value-based growth of its students, alumni, organisations and their leaders, and society. SPJIMR holds the international ‘triple crown’ of accreditations from EQUIS, AACSB, and AMBA.

Visit SPJIMR.org for more information.

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