eNews
UFO Moviez to forego 100% salary at MD, JMD level for team’s sake
MUMBAI: India’s largest cine media network UFO Moviez has decided to forego 100 per cent salary at MD, JMD level and 50-60 per cent salary at the entire leadership team level so that each and every member of its team is taken care of in this difficult time. According to a company press release, the cine network will continue to do whatever it takes to ensure the wellbeing of its team and the society at large.
The ongoing nationwide lockdown has severely impacted all segments of the economy, and more so for the cinema exhibition industry as theatres have shuttered across the country. Cinema being an out-of-home entertainment option, the film industry has been significantly impacted and will take the longest time to recover.
“The leadership team of UFO acknowledges the current crisis and its challenges and are determined to ensure that every employee down to the frontline/lowest level is protected and does not lose his/her livelihood. UFO firmly believes that the show must go on, come what may,” stated the release.
Simultaneously, the company is developing long-term survival strategies to insulate it from such unforeseen events in future. UFO employees have been encouraged to give their ideas and suggestions on cost optimisation, identifying newer revenue streams by utilising its current strengths and infrastructure.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
