Category Archives: Business & Economy

Mangaluru: Yenepoya organization has backed grief-stricken people – Bishop Dr Peter Paul Saldanha

Deralakatte (Mangaluru), KARNATAKA :

“The Yenepoya organization, which backs grief-stricken people and is in the forefront of humanitarian service, is model to all. Organ donation is very important is present times as many are dying due to organ failure. All have to think about organ donation,” opined Bishop of Mangalore Diocese Dr Peter Paul Saldanha.

The bishop was speaking after inaugurating the Yenepoya Nephro Urology organization under the aegis of Nephrology, Urology, Renal transplant and Robotic surgery departments of Deralakatte Yenepoya Medical College.

The bishop further said, “Yenepoya organization has recently given honorary doctorate to president of Gulbarga University recognising his humanitarian service. This is really appreciable. There is a possibility of giving life to five people from a person who is brain dead. Many make their death a fruitful one. We have to learn a lot from the people who are dying. Greek believed the whole world as one life. It is important to save lives.”

Prof Dr Ravindra Prabhu of Nephrology department, KMC Manipal said, “There was time when anyone with kidney ailment was going to die for sure. Very few were coming to hospital with kidney disease. Many have died due to heart attack because of psychological pressure of kidney ailment. Others were not even taking any medicine. Now many are getting cured due to innovative technology. Let the Nephro Urology department which has begun in Yenepoya, give good training to students.”

Vice chancellor of Yenepoya University Dr M Vijayakumar said, “The corporate zone is ruled by the renal department treatment method. The organ donation when one is alive shows the highest form of humanitarian values.”

Seven people who donated kidney to relatives were felicitated on the occasion. Farhad Yenepoya, Associate vice chancellor of Yenepoya deemed university, Dr Gangadhar Somayaji, registrar, Dr M S Moosabba, dean of Yenepoya Medical College, Dr Prakash R M Saldanha, medical superintendent of Yenepoya medical college were the chief guests.

Senior urologist of Yenepoya Speciality Hospital Dr Ashok Pandit, head of Nephrology department of Yenepoya Dr Santhosh Pai gave details of the felicitated people.

Dr Altaf Khan welcomed the gathering. Dr Mujib Ur Rehman did the introduction. Dr Nishchith D’Souza proposed a vote of thanks.

source: http://www.daijiworld.com / DaijiWorld.com / Home> Top Stories / by Mohan Kuthan / Daijiworld Media Network – Mangaluru (MS) / October 31st, 2022

Forest soldier Fairoz to get Wildlife Service Award 2022 by Karnataka Forest Department

KARNATAKA :

Forest watcher Fairoz has been nominated for the Wildlife Service Award 2022 by the Karnataka Forest Department. Fairoz, who is currently employed with the BRT tiger reserve, will be felicitated by former India cricketer and current National Cricket Academy director VVS Laxman on November 5 at the Global Academy of Technology campus, Rajarajeshwari Nagar Bangalore.

Three wildlife conservationists – Sunitha Dhairyam (Mariamma Trust, Bandipur Tiger Reserve), Akhilesh Chipli (Shimoga) and Colonel C M Muthanna (Kodagu) – will also be felicitated by VVS Laxman. Laxman is often remembered as the cricketer who in association with Rahul Dravid (180) had redefined Indian cricket in their epoch-making 376 run partnership against Australia at the Eden Gardens in 2001.

Fairoz will be the tenth forest watcher to be honoured with the prestigious Wildlife Service Award, constituted by Cricketers for Wildlife Conservation. Former Indian cricketers Sandeep Patil, Yusuf Pathan and Harbhajan Singh had conceptualised the award to motivate the unsung foot soldiers of our forest.

Fairoz will be presented with a cash award for his meritorious service to forest and wildlife protection. Besides daringly arresting 22 poachers, Fairoz has rescued 15 leopards and safely released them back in the forest.

pix: savetigersbandipur.org/founders-story/

Sunitha Dhairyam is a godsend for wildlife in Bandipur Tiger Cup. She is a guardian angel who protects tigers and leopards when they inadvertently make a cattle kill. To ensure farmers don’t poison the carcass, she pays on-the-spot compensation from her Mariamma Trust. Sunita Dhairyam has dedicated her life to wildlife conservation. She lives in the immediate vicinity of Bandipur tiger reserve.

pix: twitter.com/akhileshchipli

Akhilesh Chipli is a diehard wildlife activist from Sagar. He is the voice of the forest and its denizens in Shimoga district. Akhilesh Chipli has risked his life and fought tooth and nail to protect the flora and fauna of the Western Ghats. He has created awareness of the importance of biodiversity amongst people. In collaboration with Bangalore-based entrepreneur Suresh Kumar, he has successfully converted a barren 21-acre barren land into a verdant forest in Sagar.

pix: starofmysore.com

Colonel C P Muthanna has been at the forefront of environmental conservation of Kodagu district. He has dedicated his life for conservation for more than three decades. He has been able to bring the people of Kodagu together to stop large scale destructive projects in the Western Ghats.

Col. Muthanna has assisted the forest department in recovering 4000 acres of ecologically-sensitive forest landscape. He has been working closely with the Karnataka Forest Department and eco development committees on Human Elephant Conflict mitigation in Kodagu.

source: http://www.oneindia.com / One India / Home> News> Bengaluru / by Anuj Cariappa / pix credits under each pic / November 02nd, 2022

Ishana Ismail: pioneer in making reusable sanitary pads

Coimbatore, TAMIL NADU:

Ishana Ismail
Ishana Ismail

Ishana Ismail of Coimbatore, Tamil Nadu, used the money saved by her parents for her marriage for starting a boutique, three years ago. She was only 18 years old then. In a year, she had decided to switch over to making sanitary pads.


Today, Ishana commands a sanitary pad-making unit with nearly three dozen women tailors and has regular clients in her hometown and across India. She has also received business inquiries from the domestic and overseas markets.


With an investment of Rs 8 lakh, Ishana has made a name in the market with her brand ‘Ana Cloth Pads’. These cotton pads filled with terry towels are eco-friendly, leak-proof, and can be reused up to 25 times.

Ana Cloth Pads receives orders from companies and also delivers pads by courier to individuals across India.

Her father’s friend, Rajesh who works as a manager, also invested nearly Rs three lakh in the business. Ishana’s 19-year-old brother, Ijas finds time from his hotel job to help her.

Impressed by her healthy initiative, many colleges and universities in Tamil Nadu have invited Ishana to their campus for addressing the students about menstrual hygiene. She has also been honoured by the Rotary Inner Wheel Club, Coimbatore, and many NGOs.

Ishana Ismail

Ishana completed her Class XII from Krishnammal Girls Higher Secondary School, Coimbatore, and a course in Fashion Designing.

She has so far traveled to Karnataka, Kerela, and Tamil Nadu and yet has a global vision.

Keeping in mind the needs of her five full-time workers, Ishana also allows them to bring their children along to the unit. ” Most of the tailors carry the fabric home and only five tailors work from my premises. At present, we are facing a shortage of orders because people don’t want to reuse sanitary pads. At the same time, some people have suffered by using commercially produced sanitary pads and are now preferring to use eco-friendly pads. We are looking for bulk orders that will also support poor women, some of whom are semi-literate. We would like to give employment to 200 women.’’ 

After completing a course in Fashion Designing, Ishana was clear-sighted about her choice of career. Her conviction about what she wanted to do was so strong that she did not think twice before investing eight lakh saved by her parents for her marriage.  

She succeeded in persuading her parents. Starting the business was not easy. She had hardly settled in when the pandemic threw normal life out of gear. Her father’s untimely death a year and a half back was a huge blow and the family had to face several financial hardships.  

Ishana says that she started this boutique in 2019 with the blessings and support of her parents. When Ishana made up her mind to start her own business, the family had modest means. Her father was working as a labourer in a grinding company in Chinniyampalayam in Coimbatore and her mother was running a beauty parlour. However, Ishana was determined.  

Initially, she tried selling bridal outfits and then switched over to sanitary pads. During the COVID 19 pandemic, Ishana also made facial masks. Her company recorded a net profit of Rs two lakh a month.  

Ishana says that till Class XII she was using sanitary pads available in the market. “I was reluctant to use pads that could have been easily made at home because I was embarrassed about what my friends would think. I decided to use homemade pads as I fell sick. The pads available in the market also cause cancer.’’  

ishan
Sanitary pads made by Ana cloth pads company

Ishana’s initiative is clearly in the public interest. Most of the sanitary napkins available in the market today are loaded with chemicals and are made using plastic, which can affect health after prolonged use. In addition, after each use, they need to be trashed because there is no recycling mechanism, and they end up clogging up landfills. 

Every year, there are around 12.3 billion disposable sanitary napkins that need to be disposed of in India alone. According to the Menstrual Hygiene Alliance of India (MHAI), there are around 336 million menstruating women in the country, of whom 36 percent use disposable sanitary pads. 

Initially, Ishana made sanitary napkins only for her use, but when she came to know that her friends are facing a similar problem with the use of regular sanitary pads, she began making more napkins and asked them to try the homemade pads.  

Ishana said, “ I am doing this for the people of India. Every girl is facing problems because of regular sanitary napkins made of plastic. They cause health problems like rashes. According to Ishana, the pad can be soaked in turmeric powder after washing and has to be dried in the sun. Before using them the following month, I recommend placing a wet cloth over the pads and ironing it for at least two days before using them for added comfort,” she said.  

She added, “Many women suffer from various health problems related to periods. This is mainly due to the synthetic fabrics used in disposable sanitary napkins. These napkins are disposable but not biodegradable.. So, I was thinking of an alternative solution to this. The result is reusable napkins.” 

 Ishana says, “If the pads are properly exposed to the sun, then washing and re-using will not harm our health. This pad is very easy to handle and can be washed in normal water. It should be soaked in water for 30 minutes before washing. It should be dried first in the shade and then once in the sun. It should be ironed for two days before use next time.”  

She wants to educate more people about how to make sanitary pads from cotton cloth. 

Ishana is also being approached by traders from Hyderabad and Kerala for pads. On her plans, Ishana said, “In the future, I would like to make pads for bedridden people and also baby diapers”. 

Ishana is keen to tap CSR opportunities which will help her unit create more work for her 25 full-time tailors and five tailors. 

(The Author is Research Scholar at JMI and President of MSO of India. Additional inputs by ATV)

source: http://www.awazthevoice.in / Awaz The Voice / Home> India / by Mohd Modassir Ashrafi / November 03rd, 2022

Ramadan 2021: meet the Dubai mother who feeds 500 people every day during the holy month

Mangaluru, KARNATAKA / Dubai, UAE :

Mahnaz Faquih teams up with local charities to distribute food parcels at worker accommodation in Al Quoz.

Mahnaz Faquih has helped donate tens of thousands of iftar boxes to the needy in the past 20 years in Dubai. Chris Whiteoak / The National

Dubai resident Mahnaz Faquih, 51, feeds 500 needy people every day during Ramadan.

She started when she moved to Dubai from India in 2002, distributing food during Ramadan to those around her, including the security guard in her building.

In 2018, thanks to the help of her friends and community members, she delivered 500 iftar boxes a day to workers and unemployed people during the holy month.

That trend has continued every year since.

This year, because of Covid-19 restrictions on sharing and distributing food, Ms Faquih joined up with local charities to distribute food parcels at worker accommodation in Al Quoz.

In 2020, she worked with Sahana, a Sri Lankan Welfare Association in the UAE, to help provide meals to those who lost their jobs during the pandemic.

“I moved to the UAE from India where I lived in a joint family of 10 people and there was a lot of Ramadan fervour,” Ms Faquih said.

“For me, Ramadan meant being involved in charity.

“My parents always encouraged me to help others and I wanted to keep that tradition alive.

“I started sending iftar boxes of fruit, laban or juice to my local mosque,” she said.

Mahnaz Faquih with her daughter Alina and son Mikhail. Chris Whiteoak / The National

Ms Faquih, an interior designer, said she ensured her children understood the importance of giving while realising their own privilege.

“The initiative has grown so big. It started with a wish to treat others to some good food or a box of biryani,” Ms Faquih said.

“Before the pandemic, I asked my children to give away the food packets so that it touched their hearts.

“I wanted them to have the consciousness that others are needy and they are privileged.

“My parents always gave away money or gifts through us, and I wanted my children to think about others.”

Her daughter, Alina Shaikh, 16, has been helping her mother since she was six and her son, Mikhail Shaikh, 12, also helps to distribute boxes.

“When we were little, we used to bring food and juices to workers every single day during Ramadan,” Alina said.

“We feel happy and grateful that we are lucky enough to help others.

“It’s such an amazing and rewarding feeling.

“It’s allowed us to understand how others live and empathise with them. It has helped us become humble and open-minded to people from different walks of life,” she said.

Mikhail also enjoyed being able to help others.

“In the past, we helped in packing the food boxes, but most of the time we handed out the iftar meals to people,” he said.

“We think that giving back is extremely important and when you have the ability to help others, why not do it?”

Ms Faquih said her friends supported her, too.

Shanu Hathiramani, an Indian from Nigeria living in Dubai, has known Ms Faquih for the past eight years and often helps her with her charitable work.

“Mahnaz is a very giving and helpful person,” Ms Hathiramani said.

“In the past, we have helped feed people during Ramadan. My son also helped out with the charity work.”

Iftar boxes being distributed at a workers’ accommodation – in picture

Sri Lankan community volunteers hand out meals for 300 people at a labour accommodation block in Sonapur, Dubai. All pictures by Antonie Robertson / The National

source: http://www.thenationalnews.com / The National / Home> UAE / by Anam Rizvi / May 07th, 2021

AIMIM opens account in Vijayapura Municipal Corporation, wins two seats

Hyderabad, TELANGANA / Vijayapura (formerly Bijapur), KARNATAKA:

 AIMIM chief Asaduddin Owaisi (file photo)

Party has fielded its candidates in four out of 35 wards of the corporation

Vijayapura (formerly Bijapur):

All India Majlis-e-Ittehadul Muslimeen (AIMIM) on Monday opened its account in Vijayapura (Bijapur) Municipal Corporation by winning two seats. The party candidates Sufiya Abdul Rehaman Vatti and Rizwana Kaisar Hussain Inamdar won from ward numbers 25 and 28 respectively.

In the elections, the party has fielded its candidates in four out of 35 wards of the corporation.

AIMIM to contest alone in Karnataka Assembly polls

Earlier, AIMIM chief Asaduddin Owaisi ruled out any possible alliance with the Janata Dal (Secular) for the upcoming Karnataka Assembly elections scheduled to be held next year.

Speaking to reporters, Owaisi said that last time at the request of Telangana Rashtra Samithi (TRS) supremo K Chandrashekar Rao, the AIMIM did not contest the elections and campaigned for the Janata Dal (S). However, this time it won’t happen like that, Owaisi said.

Impact of AIMIM entry into Karnataka politics

Though AIMIM entry is not likely to have a major impact on Karanataka’s politics, it may divide the vote bank of Congress and JD(S).

As in the Hubbali-Dharwad areas, there are a sizable number of Muslim voters, a few leaders from Congress and JD(S) believe that AIMIM candidates may split the votes.

source: http://www.siasat.com / The Siasat Daily / Home> News> India / posted by Sameer Khan / October 31st, 2022

Mangaluru: Dr Habib Rehman, DKWJA selected for district Rajyotsava awards

Mangaluru, KARNATAKA :

Deputy commissioner Dr Kumar announced the list of Rajyotsava awardees of Dakshina Kannada district on Sunday, October 30.

In total 34 people including president of Unity Hospital Dr Habib Rehman are selected for the award. In addition, 20 organizations including Dakshina Kannada district working journalists’ association are also selected for the award.

The list includes Yadupati Gowda (literature), Shekhara Gowda Bajpe (literature), Uttam Kumar J (Hindustani Music), Achyutha Marnadu Beluvai (Yakshagana), Bantwal Jayarama Acharya (Yakshagana), K Narayana Poojary Ujire (Yakshagana), Keshava Shaktinagar (Arts), Manjunath M G Sullia (arts), Pooja U Kanchan Kulai (drama), Dejappa Poojary N Vittal (art), Padma Malekudiya Malavantige (artisan), Krishna Prasad Devadiga Uppinangady (music), Chandrashekhar K Monkey stand (music), Gurupriya Nayak S Narimogaru (music), Pratima Sridhar Holla Kottara (Bharatanatya), P Krishnappa Bondel (environment), Shashidhara Poyyathabail Kotekar (journalism), Venkatesh Bantwal (journalism), K Wilfred D’Souza Peruvai (journalism), Dr Habib Rehman Mangaluru (medical), Dr Bhaskar Rao Bantwal (medical), Dr Sudhakar Shetty Pune (medical).

Ganesh Pandit Ullal (herbal doctor), Venkappa Nalike Allipade (Daivaradhane), Sesappa Bangera Montepadavu (Daivaradhane), Honnayya Kulal Beltangady (social service), Yogish Shetty Kotekar (social service), Jayarama Rai Kedambadi (social service), Sesappa Kotian Kallega (social service), Gangadhara Shetty Hosamane Nelyadi (social service), Rajesh Kadri Shaktinagar (social service/education), Nalike Kookra Salian Marooru (Bhootaradhane).

The organizations which are selected for the awards include Coast writers and readers association (literature), South Kanara photographers’ association (photography), Dakshina Kannada district Working Journalists’ Association (DKWJA) (journalism), Swaptaswara Kalathanda Konaje (social service), Abhyudaya Bharati Seva Trust Katipalla (social service), Utsahi yuvaka vrinda, Padavu Bikkarnakatte (social service), Karnataka Shiva Seva Samiti Pandeshwar (social service), Kudroli Yuva Sangha (social service), Netaji yuvaka sangha Deraje (social service), Blood Donors Mangaluru Deralakatte (social service), Bharath Friends club Ira (social service), Youth Center Padil (social service), Vijaya Yuva Sangama Ekkaru (social service), Vivekananda Yuvaka Mandala Chelayaru (social service), Vishwabrahmana Samaja Seva Sangha Suratkal (social service), Vishwabharathi friends circle Kodikal (Social service), Sri Anjaneya Gudi and Vyayama shale Sasihitlu (social service), Sharada Friends circle Sajipa Munnoor (social service), Baduku Kattona Banni Team Beltanagady (Social service), Sri Veeranjaneya Vyayama Shale Hosabettu (sports).

source: http://www.daijiworld.com / Daijiworld.com / Home> Top Stories / by Daijiworld Media Network – Mangaluru (MS) / October 31st, 2022

JMI Professor Mohammad Zahid Ashraf elected as fellow of Indian National Science Academy (INSA)

Aligarh, UTTAR PRADESH:

pix: twitter.com / @jmiu_official

The Indian Nation Science Academy (INSA) has elected Prof. Mohammad Zahid Ashraf, Head, Department of Biotechnology, Jamia Millia Islamia (JMI), as a fellow of the academy. His fundamental work on the role of high-altitude hypoxia in the development of cardiovascular and blood clotting disorders has been recognised with the coveted fellowship.


The Indian National Science Academy, one of the most renowned academies in the nation, was founded to promote science in India and utilise scientific knowledge for the benefit of humanity and the nation. As a fellow of the Academy, Prof. Ashraf will work to further the scientific cause of the nation. To his credit, Prof. Ashraf is now elected fellow of all three national science academies – the Indian National Science Academy, the Indian Academy of Sciences, and the National Academy of Sciences.


JMI Vice-Chancellor Prof Najma Akhtar, who has recently been conferred with Padma Shri Award, congratulated Prof. Ashraf for his outstanding accomplishments. She further mentioned that Prof. Ashraf’s achievements will motivate other faculty members for excelling in research and contribute to the nation’s progress.


Prof. Ashraf is best known for his unique work on high altitude induced blood clotting disorders. His research has had a substantial impact on both fundamental and applied aspects of cardiovascular biology and human diseases. He is a pioneer in the field of highaltitude thrombosis and has done seminal work in unravelling the enigma of blood clotting in response to hypoxia. His remarkable efforts have enriched our understanding
of the prevalence, mechanism, genetics, diagnostics, and development of therapeutics for hypoxia- induced thromboembolic disorders.


Prof. Ashraf’s contribution to the research community is well acknowledged. He is the recipient of the 2020 Visitor’s Award by Hon’ble President of India for biological sciences, The Ramachandran National Bioscience Award by DBT and the Basanti Devi Amir Chand Award of ICMR, among several other accolades.

Prof. Ashraf also holds membership of the prestigious Guha Research Conference and various scientific committees.

source: http://www.jmi.ac.in / Jamia Millia Islamia / Home / by Press Relations Officer, JMI (headline edited) / October 19th, 2022

Jamia Hamdard Pro VC Ahmed Kamal among top 2% scientists of the world

Hyderabad, TELANGANA / NEW DELHI :

Prof Kamal is also ranked 2nd in India in the subject of Medicinal and Biomolecular Chemistry.

New Delhi: 

Professor Ahmed Kamal, Jamia Hamdard Pro-Vice Chancellor has been named among top 2 per cent cientists in the world by Stanford University.

Prof Ahmed Kamal has also been ranked among top 0.10 per cent scientists in India with 537 papers in his name and with a worldwide subject rank of 83 among scientists.

Prof Kamal is also ranked 2nd in India in the subject of Medicinal and Biomolecular Chemistry.

Prof Ahmed Kamal has been named among top scientists globally in the subject-wise analysis conducted by a team of scientists at Stanford University USA which was led by Dr. John PA Ioannidis.

The analyses used citations from Scopus with data assessing scientists for career-long citation impact up until the end of 2019 and for citation impact during the single calendar year.

Prof Ahmed Kamal has filed more than 368 patents. Five of his US patents that have been licensed to a pharmaceutical company and are under the process of clinical development.

Prof Kamal’s research interests mainly focus on the design and synthesis of gene-targeting compounds as new anti-cancer agents and their targeted delivery. He has designed and developed a large number of target based new molecules as potential cytotoxic agents for the treatment of various cancers mostly inspired from natural products. New chemical entities for anti-tubercular and anti-microbial activities are also his research avenues.

Prof Kamal is also proficient in the development of new efficient synthetic methodologies including solid phase, resin bound reagents and chemo-enzymatic strategies that are useful in both basic and applied pharmaceutical chemistry. He has won several honours and awards for his research work.

Prof Kamal has over 540 publications, more than 10000 citations, 30 review papers and 10 book chapters in the areas of medicinal chemistry and biocatalysis.

source: http://www.ummid.com / Ummid.com / Home> Science & Technology / by Ummid.con News Network / November 03rd, 2020

Kerala: League of Islamic Universities ‘Climate Summit’ concludes on positive notes

Kozhikode, KERALA:

League of Islamic Universities launches climate action on campuses
Dr. Osama Al-Abed, secretary-general of the League of Islamic Universities, signs the Malabar Declaration on climate action in Kozhikode, India, on Oct. 20. (Photo courtesy: LIU)

On October 27, the ‘Malaibar Declaration for Climate Action’ held by the League of Islamic Universities based in Cairo and Jamia Markaz Kozhikode in Markaz Knowledge City concluded.

Members including 200 universities from 60 countries, were present at Jamia Markaz, an Islamic university in Kozhikode, Kerala, for the International Climate Action Summit which was held between October 17-20.

Dr. Osama Al-Abed, secretary general of the league, opened the event by urging global stakeholders to use fresh approaches to combat climate change because the globe is currently “facing challenges that are structurally different from the past.”

As a consequence of talks on many facets of the main issue, Dr. Al Abdu and Muhammed Abdul Hakim Azhari, the rector of Jamia Markaz, jointly made the following declaration: The Partnership of University Leadership in Mitigating the Climate Change.

The declaration includes a request for environmental science to be taught in member universities’ curricula, for financial and human resources to be set aside for research into tackling climate challenges, as well as for new technology to be developed for the same.

“We thought that the real community who has to work on climate change is students. In every country, if the universities go for some course on climate then the future generation would be working on climate change,” Jamia Markaz rector Dr. Abdul Hakeem Al-Kandi told reporters.

“Students, who are the future leaders, when they are getting aware of climate change, (they) will impact the whole world.” he said.

Al-Kandi stated that the league would create an environmental studies centre in Calicut, India.

The goal of the university league’s activity, according to environmentalist and Markaz Law College principal Dr. C. Abdul Samad, who organised the summit, was to engage community members in various societies and make them stakeholders in saving the environment.

“Introducing environmental science courses in universities is important as the young leaders need to be educated to think about nature and climate change, and its impact,” he said.

“It is the new generation that can preserve the diversity of nature and respect the environment. The whole idea is to save the planet for the future,” he further stated.

At the summit, 63 research papers on diverse facets of the main issue were presented. A hundred trees were planted on the Knowledge City Campus by university leaders as part of Jamia Markaz’s afforestation programme and in support of the summit.

source: http://www.muslimmirror.com / Muslim Mirror / Home> Environment> Indian Muslim> Positive Story / by Muslim Mirror Staff / October 27th, 2022

Dr. K. Mohideen Abdul Khadar & Mr. Balamohan Krishnan All Set To Improve The Traditional Financial System Through Metaverse

Chennai, TAMIL NADU :

This metaverse technology attracted the attention of these two who had been working as financial professionals for decades. They decided to bring the financial ecosystem into the metaverse as this technology provides the liberty to perform things that is not feasible in the physical setup.

Fido Group
Fido Group 

The term “Metaverse” alludes to a three-dimensional virtual environment that is more sophisticated than current virtual reality. It is a place where businesses and entities coexist and collect and use data. The Metaverse enables people to connect without regard for space, allowing them to gain the latest knowledge and entertainment through encounters impossible in the real world.

This metaverse technology attracted the attention of two friends – Dr. K. Mohideen Abdul Khadar and Mr. Balamohan Krishnan who had been working as financial professionals for over a decade. During their work, they encountered limitations and areas for improvement in the traditional financial ecosystem. But improvements in a physical setup could not be feasible, so they decided to bring the financial ecosystem into the metaverse as this technology provides the liberty to perform things that is not feasible in the physical setup.

Dr. K. Mohideen started his career in the Banking sector in 2004 and was serving the RCU division. Since he is a good learner and a great observer, he found some limitations and areas for improvement in the traditional financial ecosystem. This physical setup could not be accessible for all twenty-four hours and seven days a week. Other than accessibility, some areas needed improvements. He left his job and stepped into the real estate division and started Zontia Groups in 2016. But his longing for achieving the best made him explore many divisions and he headed with confidence and persistence. He started Fido Markets Pvt Ltd in the UK in 2020, Zontia Information technology in Dubai in 2021, and established Fido Academy to educate and train individuals in the field of Forex Trading.

As per Dr. K. Mohideen- “A country’s growth is measured by its Infrastructure development.” So he started Zontia Infrastructure. It has a significant presence across the infrastructure space with expertise in operating and developing real estate and other development projects. 

He laid the foundation of a technology-based company “Zontia Financizen Technology”. The purpose of this foundation was to offer a complete financial solution by providing a combined service for different domains. He wanted people around him to have the next level of standard of life. The best way to maintain one’s happiness is to give him the best solution for his financial needs. Not everyone can manage their funds in hand. Keeping it into consideration, he founded Srivastham wealth management private limited which helps users in fund and portfolio management.

In the meanwhile, he established a company ‘FIDOMETA’ with his friend Mr. Balamohan Krishnan in Dubai. Balamohan Krishnan has worked with Citi Bank as Vice President and gained expertise in the field of Forex. He Has been the forex business coach, trader, trading trainer, and trading software architect, is also a fund manager, inspiring speaker, and mentor. He has extreme knowledge of the global forex business, trading technologies, forex trading, and personal finance. He acquires experience of more than 15 years in the forex industry in top investment banks.

The duo combined their experiences from their past and implemented them in ‘FIDOMETA’. As per Balamohan – “FIDOMETA is the world’s first financial institution in the Metaverse. It is a project about building the digital infrastructure in the crypto space where all traditional businesses can onboard and expand their business into new territories and client bases. The major goal of the project is to bridge the gap between the traditional business and its presence in the digital space. The project is focused on leveraging the traditional business into the digital space so that the businesses can reach out wider community in terms of sales, clientele, and new territories. To achieve this goal, we will need to build strong financial infrastructure support right from banking services, payment gateways, book maintenance, virtual hiring, training, and many more.”

Considering the fact that numerous individuals rush to call attention to compare internet gaming universes and the metaverse, the degree and kinds of the innovation utilized in the metaverse empower more significant commitment, independence, and boundlessness. It’s likewise striking that non-game organizations are progressively curious about whether virtual settings like the metaverse may assist them with drawing in clients past the typical shop and cell phone applications.

source: http://www.outlookindia.com / Outlook / Home> Outlook Sportlight> Outlook for Brands / April 13th, 2022