Thursday, August 17, 2017
Lakshmi Vilas Bank, one of India’s fastest growing Banks, announced its support to Space Kidz India’s new project titled ‘NSLV Kalam-2’ selected by NASA. This is a 48 hour mission in which apayload, twice the size of Empire State building will be created. This payload will be flown in NASA's scientific balloon that will be sent into the stratosphere. This project is aimed at understanding the feasibility of space tourism in India by equipping it with sensors to collect data and human DNA samples. It is also intended at devising a functional space printer in the honor of Dr. APJ Abdul Kalam. Eight students including six from Chennai have designed and developed this payload. The said balloon is set to be launched from NASA’s Langley Research Centre on August 24 or 31, depending on the presence of eclipse.
Applauding the efforts put in by children, P Mukherjee, MD & CEO, Lakshmi Vilas Bank, said “Our support to NSLV Kalam project is one of the many ways of LVB to reinforce its commitment to encourage the spirit of innovation among children. We decided to join hands with Space Kidz India with an objective to fuel young minds’ aspiration to reach the skies. Feats such as these ought to be recognized and motivated so that youth across the country take interest in science. Nurturing such talents will go a long way in creating a pool of innovators and scientists who would guide the nation to the forefront of the technological revolution that the world is witnessing”.
Srimathy Kesan, CEO, Space Kidz India, said, “We thank Lakshmi Vilas Bank for their support. Commitment by premier organizations such as LVB will not only boost morale, but will also provide buoyance to children’s wings who can reach the sky”.
LVB runs various initiatives such as education, development of girl child, rural sports, homes for elderly focus and supporting Government’s Swachh Bharat mission. The Bank is highly supportive of the involvement of its employees in its CSR initiatives and community activities of their choice and therefore proactively encourages their support to bank’s CSR activity.
Space Kidz India, is an organization creating international experimental leaning for students in the field of science, technology, art and culture. Space Kidz India, headquartered in Chennai, has conducted various contests for identifying young scientist to lead its projects. Its recent endeavor “Kalam Sat”, world’s lightest and first 3D printed satellite, has received large support world over, which stands testimony to its dedication and excellence. Space Kidz India team has won a spot in The NASA’s Balloon Challenge, 2017 conducted by “idoodleedu inc”.
Audi, the German luxury car manufacturer has announced the introduction of the Audi Q7 Design Edition in India with a host of new features to supplement the class defining features of India’s favorite SUV. The new features, which make the Audi Q7 even more appealing, include Audi Smartphone Interface, Full Paint Finish with Smoked Tail Lamps, Running Boards, Exhaust Trims in Gloss Black, 50.8 cms (20") Cast Aluminum Alloy Wheels with 5-Spoke-Star design, and Door Puddle Projection Lamps with Audi logo in front and quattro logo in the rear. The powerful 45 TDI (3.0 TDI) engine churns out 249 hp (183 kW) of power and 600 Nm of torque, propelling the Audi Q7 from 0 to 100 kmph in 7.1 seconds. The Audi Q7 with Design Edition package is available at Rs 81,99,000; limited stocks only.
“We have been at the forefront of creating the luxury SUV segment in India and the Audi Q7 has been the model that set the ball rolling for us. The Audi Q7 has always been for luxury connoisseurs who appreciate the finest in life and I am confident that the Audi Q7 Design Edition will appeal to India’s best,” said Mr. Rahil Ansari, Head Audi India.
“We are celebrating 10 years of successful journey of Audi in India and there is no better way to celebrate this than by listening to our customers and make their favourite SUV even better. With limited offer of the Audi Q7 Design Edition, we have tried to make India’s popular SUV even more desirable by accentuating the sporty and progressive aspects of the car and making it truly #MyKindOfAudi for the connoisseurs in the country,” added Mr. Ansari.
Design Edition features
· Audi Smartphone Interface
· 50.8 cms (20") Cast Aluminum Alloy Wheels, 5 Spoke star design
· Full Paint Finish
· Smoked Tail Lamps
· Door Puddle Projection Lamps with Audi logo - front
· Door Puddle Projection Lamps with quattro logo - rear
· Running Board
· Exhaust Trims in gloss black
· Audi Matrix LED Headlamps with dynamic indicators
· Exterior Mirror housing in body color
· Exterior Mirrors, electrically adjustable, heated, folding, dimming and memory function
· Panoramic Sunroof
· High Gloss Package
· Upper inlays in brushed aluminum
· Lower inlays in Walnut terra brown
· Ambient Lighting Package
· Interior mirror with automatic anti-glare action
· Upholstery in Cricket leather
· Leather-covered multifunction plus steering wheel, 4-spoke with paddle shifters
· Electromechanical power steering
· Electric Steering Wheel Adjustment
· Cruise Control
· Adaptive Air Suspension with All-road and off-road modes
· Audi Drive Select
· Electrically adjustable front seats with Driver seat with memory function
· 4-Way Lumbar Support
· Electrical sun blind for rear, manual sun blinds for rear side windows
· 4-Zone Deluxe Automatic Air Conditioning
· Electric opening & closing of luggage compartment lid
· MMI Navigation Plus with MMI Touch
· 8 Specific favorite buttons, configurable for music, contacts, radio and Navigation POI
· BOSE® Surround Sound system with revolutionary 3D sound
· Audi Virtual Cockpit
· Bluetooth Interface
· Voice Dialogue System
Safety & Assistance Systems
· Cruise Control System with Speed Limiter function
· Audi Pre Sense Basic
· Automatic Anti Slip Differential with electronic stabilization control
· Electronic Vehicle Immobilization Device
· 8 Airbags
· Space-saving spare wheel
· Auto Park Assist with 360 Degree Surround Camera
Wednesday, August 16, 2017
CSS Corp, a new age IT services and technology support company, was named the winner of a Silver Stevie Award in the Best New Product or Service of the Year – Software – Platform as a Service category at The 14th Annual International Business Awards 2017. CSS Corp was conferred the recognition for its proprietary Artificial Intelligence (AI) platform, Yodaa.
Yodaa is a highly personalized virtual assistant, which integrates with all customer channels like voice, email, chat and website across devices, and offers context-driven, real-time support with a human-like interaction to resolve customers’ needs.
Speaking on the recognition, Manish Tandon, Chief Executive Officer, CSS Corp said, “Winning Stevie International Business Awards is a milestone for CSS Corp. We are honored to be recognized as an industry leader in innovation. Automation and AI are becoming major game changers in the world of technology and business. At CSS Corp, we are leading this change by developing technology tools and platforms that give us a distinctive advantage in delivering transformational results to our clients.”
Sunil Mittal – EVP, Chief Sales and Marketing Officer said, “Our primary focus lies in building technology solutions that make a critical difference to our clients’ business, while strengthening our technology pillar. Amongst CSS Corp’s many innovative solutions, Yodaa stands tall, and to have been recognized as the Silver Stevie winner is indeed a great honor for us.”
The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small - are eligible to submit nominations. The 2017 IBAs received entries from more than 60 nations and territories.
A record total of more than 3,900 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Company of the Year, Marketing Campaign of the Year, Best New Product or Service of the Year, Startup of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. Stevie Award winners were determined by the average scores of more than 200 executives worldwide who participated on 12 juries.
The government has asked all smartphone companies, majority of them Chinese manufacturers, to outline the procedures and process:es adopted by them to ensure security and privacy of users’ data.
The directive comes amid standoff between India and China over Doklam, as also rising concerns over imports of Chinese IT and telecom products.
“The ministry has given time till August 28 to all companies to furnish their responses,” a senior IT Ministry official said.
The official pointed to international and domestic reports about data leaks from mobile phones and said that in the first phase, devices and preloaded software and apps will be under scrutiny.
Penalties may follow
Based on the response of the companies, the ministry will initiate verification and audit of devices where required.
It has also warned of penalties under provisions of IT Act 43 (A) in case stipulated processes are not being followed.
The official said the objective of the exercise is to ensure that required data security measures are being taken with regard to hardware and software in mobile phones.
In all, the IT ministry has written to 21 smartphones makers, the official said.
“Any device sold in the country should be compliant with global security standards. If companies fail to comply, further action will be taken,” said the official who did not wish to be identified.
IT Minister Ravi Shankar Prasad had called a meeting of senior officials in the department, and representatives of Cert—In and others on August 14 to take stock of the situation, the official added.The official added that the issue was critical given surge in e-commerce transactions and digital payments.
Lenskart.com, India’s leading eyewear brand, celebrates Independence Day with its exclusive offer.
Reflecting the richness and celebrations of freedom in every corner of India, Lenskart.com’s collection consists of flamboyant and elegant eyewear as well as sunglasses with exquisite designs. Consistently striving to offer the most exceptional and enticing offering for its customers, Lenskart celebrates the spirit of independence by offering an attractive ‘Buy one, Get one’ offer which will allow consumers to pick any two eyewear/sunglasses for the price of one across “Vincent Chase” and “John Jacobs” brands
Uber, the ridesharing app that is redefining urban mobility across the world, today announced a new Uber for Business, enabling new use cases like daily commute, late-night rides home from work, between-office transportation and much more.
When Uber for Business was introduced in India, the underlying mission was to give organizations a more efficient way to manage their business travel and improve employees’ experience. Uber soon realized that organizations needed much more than features like monthly billing and reporting. Whether it’s helping employees stay safe when they travel from work late at night, enhancing customer experience with pick-up and drop facilities, or seamless inter-office travel, organizations wanted Uber to solve some of their most pressing business challenges.
“At Uber for Business we are continuously striving to make Uber a one-stop solution for all ground transportation needs of businesses. With the launch of our revamped Uber for Business platform, our technology makes it possible to create specialized solutions that help businesses have access to reliable transportation options for all their needs. Companies can now configure and use our platform to manage transportation requirements for all, while reducing costs, increasing operational efficiency and improving compliance” said Arjun Nohwar, APAC Head - Uber for Business.
The Uber for Business delivers new tools with the simplicity and magic that makes Uber what it is today. The product updates include:
● Set-and-forget travel programs: New tools allow managers to set up automated programs for commuting, business travel, airport rides, and any other mobility need. For example, if employees are working late, they could use a comfortable ride home. Managers can be the hero by setting up a “late night rides” policy that only works for trips taken between work and home after 8PM. The company can choose how much to fund per trip, and if employees need to take longer trips, it’s no problem, everything over the spend allowance will be charged to their payment method of choice.
● New permissions: Companies can set rules for employees, customers, and clients around the type of car that they can use, how much they can spend, and the location from which a trip needs to begin or end. They can mix and match these rules in the way that works best for their company.
● Different access for different groups:Businesses can provide customized levels of Uber access depending on each person’s needs. For example, you can give all of your employees Rs 500 (or more) for their daily commute, while giving recruiters special access to call rides for candidates via Uber Central. By segmenting the organization by team, level, or location, they can take transportation policies out of the back office and easily bring them to life.
● A fresh user interface: The Uber for Business dashboard has been re-designed from the ground up to feature a cleaner, more seamless experience. A streamlined account setup flow makes it easy to get riding with as few or as many travel programs as needed. Plus, access to Uber Central is easily controlled, enabling employees who interact with customers, guests, or recruits to call a ride for them on demand.
What does this mean for businesses? This means cost savings, because they can ensure that employees travel within company policy. It means time savings for admins and managers, who can now build set-and-forget travel programs for the whole company. And it means happier employees and customers since Uber can eliminate the stress of driving and parking and give people more time to catch up on emails, enjoy their morning coffee or take a few minutes to just relax.
“Uber for Business has changed the way our employees travel around the world. We have done away with the inconvenience of pre-booking through vendors, eliminating administrative hassles completely. The dashboard gives company administrators flexibility and easy billing with cost savings is an added advantage,” said Rajeev Prakash, National Head of Administration, Team Computers
Tableau Software has announced it has acquired ClearGraph, a cutting edge Palo Alto startup that enables smart data discovery and data analysis through natural language query technology. Tableau plans to integrate ClearGraph’s technology into Tableau’s products, making it even easier for more people to interact with their data by using natural language to ask questions and search for insights.
“We are thrilled to bring the ClearGraph team to Tableau to enable people to ask questions of their data using natural language,” said Francois Ajenstat, Chief Product Officer at Tableau. “Natural language queries will make it easier for more people to interact with Tableau, whether you’re an executive who needs an answer quickly, or on a mobile phone and want an answer from your data on the move. We’re excited about this acquisition as the ClearGraph team shares our mission and is aligned with our innovation perspectives on conversational analytics.”
ClearGraph makes it easy to analyze data using natural language. It brings a consumer-like experience to users by connecting disparate data sources and making them accessible and intelligible through simple conversational style search. ClearGraph’s unique natural language query technology stores semantic data in knowledge graphs that can expand and learn over time. Accessing and analyzing data using ClearGraph requires no technical training, as the system can infer users’ intent through natural language. For example, people could ask questions such as, “Total sales by customers who purchased staples in New York,” then filter to, “orders in the last 30 days,” then group by, “project owner’s department.”
“We founded ClearGraph because we saw a need to bridge the gap between humans and computers through natural language, especially when it comes to exploring data,” said Andrew Vigneault, CEO of ClearGraph. “Tableau is a natural fit for us because we have similar missions, cultures and genuine desire to help more people around the world access, interact with and get answers from their data.”
ClearGraph was founded in 2014 by Andrew Vigneault and Ryan Atallah. The team recruited Stanford PhD graduate Alex Djalali, who specializes in computational linguistics, to develop the product along with several other engineers. ClearGraph is used by dozens of customers, including large enterprises. As part of the acquisition, employees will join Tableau in its Palo Alto office. The team will be focused on integrating ClearGraph’s underlying technology into Tableau products.
Tableau helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 61,000 customer accounts get rapid results with Tableau in the office and on-the-go. Over 300,000 people use Tableau Public to share public data in their blogs and websites.
Tableau and Tableau Software are trademarks of Tableau Software, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
These and other important risk factors are included in documents filed with the U. S. Securities and Exchange Commission, including Tableau’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other reports and filings with the SEC and could cause actual results to vary from expectations. Tableau does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
ToneTag, a sound based proximity payment technology provider launches an Audio Pod for all the merchants across. ToneTag Audio Pod is as simple as just tapping a phone on a Pod to complete a transaction. On tapping the phone on the ToneTag Audio Pod, the pod emits a sound wave carrying data that is received by the mobile phone. On confirmation of the same, the payment is complete.
From the invention of wheels and flint stone tools to Nano-technology and artificial intelligence, man has always produced technologies and machines that make his life easier. In today’s world, technology is everywhere! Everything we do involves technology. It is completely integrated into our lives and the two have become inseparable. Even the way we make payments has evolved significantly. Today, we have different types of payment technologies available, including cards, mobile payment options such as NFC, QR codes, RFID chips, e-wallets, applications and many more.
But what about a device that can be placed anywhere and can enable payments via sound without any dependency on Wi-fi or internet? Sounds intriguing, right? That is because we do not associate sound with payments, but with more traditional things such as music. But why should the beneficial nature of sound be curtailed or confined to producing just music? Why can’t one utilize sound based technology to make payments? Well, with ToneTag Audio Pod, you can!
“ToneTag Audio Pod is a device that can be used by any merchant irrespective of their scale of operations or nature of the business. This device can be that trigger which enables mass acceptance of digital mode of payments amongst merchants. In our push towards a digital economy, a device like the ToneTag Audio Pod can bring in both the merchant and the consumer segment to accelerate the digital drive.” added Kumar Abhishek, Co-Founder and CEO, ToneTag.
ToneTag Audio Pod is a one stop solution for everything in payments.
· Enables quick and faster checkout at stores, with transactions being completed under 3 seconds and thereby acting as a queue buster
· Any issuer, merchant or acquirer can use the ToneTag Audio Pod to receive payments
· Payment acceptance from any e-wallet or banking application
· Payment experience is better when compared to prevalent methods
· No congestion and rush at stores, giving merchants and customers a pleasant retail experience
· Works in offline conditions. No data connection required
· Robust build quality, combined with state of the art design features
· Space efficient and user-friendly
Microsoft’s Coco Framework for Blockchain Networks to Improve Performance, Confidentiality, and Governance of Enterprises
Blockchain technology is generating significant interest across a wide range of industries in India. As the field of applications for Blockchain grows, Microsoft is continuously working with customers, partners and the blockchain community to continue advancing blockchain’s enterprise readiness. Keeping in line with this, Microsoft announced its new Coco Framework, a first-of-its-kind innovation that aims to advance enterprise adoption of blockchain. Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business. Coco is the foundation of blockchain for the enterprise. It addresses key elements that businesses are demanding.
Current blockchain protocol technology requires complicated development techniques to meet the operational and security needs of enterprises. The Coco Framework reduces this complexity and when integrated with popular blockchain protocols like Ethereum or Corda, Coco addresses and improves on critical needs for commercial blockchain applications including high transaction speed (faster by roughly 100 times), distributed governance (network constitution that allows members to vote) and confidentiality (without compromising performance). Coco by design is open and compatible with any ledger protocol and can operate in the cloud and on premises. Initial ledger integration partners include R3, Intel and JP Morgan Chase, which have agreed to integrate their proprietary blockchain ledger platforms with the Coco Framework.
Coco provides foundational capabilities that open up more complex, real world blockchain scenarios across industries – like financial services, healthcare and retail – further proving blockchain’s potential to digitally transform business. Microsoft will launch the framework on GitHub in 2018 as an open source project.
SISA, a Bengaluru-based cyber security firm, unveiled its Synergistic Security Operations Centre (SSOC) at Devanahalli, about 35 kms from here. The SSOC will proactively detect and prevent malware and data breach in a realtime.
Inaugurating the facility, Infosys Co-founder N R Narayana Murthy said India has to learn more from developed countries on cyber security space as they are already data-rich nations.
“These nations have seized this problem and have made reasonable trade off between access and privacy, ubiquity and privacy. There is a lot of awareness and literature available in this sphere. If we learn from others and adapt to our situation we can catch up with them,” he said.
The SSOC, located in the KIADB IT Park, Mahadeva Kodigehalli, is spread over 50,000 square feet area. The facility will house 50 employees in the beginning and by the end of the year, it will reach 150.
SISA Founder and CEO Dharshan Shanthamurthy said the SSOC is getting inaugurated at a time when many Indian organisations are scouting for opportunities to set up SOCs to monitor security environment.
“SISA has built a complete set of products grounds up and it is a first of its kind in the world that costs just 1/10th of existing Security Intelligence products that are made abroad. We want companies to follow security standards such as PCI DSS, ISO 27001 and RBI Cyber Security framework,” he said.
SISA, which audits cyber security preparedness of banks and fintech companies, recently rolled out a data discovery tool that allows banks and other financial institutions collate all the customer data in one single file.
Commenting on the development, SISA AVP-SAARC, Nitin Bhatnagar said the SSOC is the first such integrated facility with company developed next-generation Security Intelligence and Monitoring products.
“SISA EOT, a completely made in India security product that works with artificial intelligence and can help detect any incident within a fraction of seconds. SISA Tipper, a product for the discovery of both card data and Aadhaar number, has been accepted in industry verticals like e-commerce, retail, financial and non-financial organisations,” he said.
The company registered a total turnover of around Rs 50 crore in FY17.
To commemorate India’s vision of ‘Housing For All’ on the 71st Indian Independence Day, Provident Housing Ltd, the affordable housing arm of Puravankara Ltd, one of India's largest and most respected developer, created history by unveiling the world’s largest greeting card replica in Bangalore. This initiative qualifies Provident to enter GUINNESS WORLD RECORDS in creating the world’s largest greeting card replica.
To showcase the rich legacy of traditional Indian Craftsmanship that is blended into innovative designs, Jewel & Jewel Exhibition by Poshak Exhibition is slated to open in the city from August 18-20, 2017 (only for 3 days) at Hotel Park Plaza Marathahalli Bengaluru, showcasing the most exciting and latest collections from the house of Jewellers across India.
The Most Glamorous and Spectacular Jewel Exhibition cum Sale at Hotel Park Plaza Marathahalli, Bengaluru from August 18-20, 2017 (only for 3 days) brought to you Ravi Founder / Properitor Poshak Exhibition An event management company from Bengaluru. This event will showcase Gold/Diamond/Platinum/Silver jewellery Direct from the finest house of Manufacturers, Distributors ,retailers across Pan India.
At The Most Glamorous & Spectacular Jewel & Jewel Exhibition Cum Sale by Poshak Exhibition, We give buyers the opportunity to discover the finest in Indian traditions and artistic finish in perfect synchrony with modern designs. Our wide range of exhibit includes Fine Gold Jewellery, Diamond Jewellery, Platinum Jewellery, Traditional Jewellery, wedding Jewellery, Precious Stones, Kundan jewellery, Polki Uncut Diamonds Jewellery, Gold & Diamond watches and Many More Hand Made Hand Crafted Creations By The most popular Jewellery brands from across India Such AsAabushan Jewellers, Navrathan Jewellers, Creations Jewellery Raj Diamonds, Sri Krishna Diamonds & Jewellery, Sri Ganesh Diamonds & Jewellery, Nikhaar jewels, Sehgal Jewellers New Delhi, Diamond Mantra, Design Source, Gems N Jewels, Kanika Diamonds, M.P.Jewellers, Swarana Sanklap Jewels, SS Jewels, Sri Bhavani Jewels, Shrians Jewels New Delhi, Sri Balaji Jewellers, Kushals, Sanjay Jewellers,Benathi exportsand many more 41 Jewellery Brands across India all Under one Roof. The exhibition dates have been chosen to allow visitors to have ideas about the current market trends and just before the onset of the festival & marriage season.
The city of Bengaluru has an all-new fashion destination with the inauguration of an exclusive new format ‘The Raymond Shop’ at Jaynagar. Sprawling over 11000 sq.ft, the store is conveniently located in the heart of the city and offers a wide array of clothing options for the discerning consumers through an exquisiterange of Raymond Fine fabrics well as ready to wear apparel, ethnic wear and Footwear. Built way back in 1997, The Raymond Shop has been a landmark and has enjoyed the patronage of its consumers over the past two decades. The inauguration ceremony was attended by eminent personalities from the city.
Speaking during the launch of this new store, Mohit Dhanjal, Director - Retail, Raymond Limited said “Being one of the most admired brands in the country; Raymond has enjoyed the patronage of its consumers since the past ninety two years. As the consumer landscape in India is evolving at a breath taking speed, it is imperative for Brick & Mortar players to innovate with retail formats that promise consumers a pleasurable shopping experience. This all new format Raymond Shop has evolved with the changing needs of consumers and offers them the avenue to create a wardrobe across occasions. ”
While consumers can select from an array of fabrics to craft suits, trousers, shirts and jackets and avail Custom Tailoring service that offers the perfect fit. The store houses a wide range of finely crafted garments from Raymond Ready To Wear, stylish and innovative wardrobe solutions from Park Avenue, fashion casual wear for occasions beyond work from Parx, smart casuals from Color Plus. To complete the look consumers can choose from a wide range of accessories like ties, belts, bows, cuff links and pocket squares and also shop for a brand new pair of shoes from the footwear section. A dedicated Raymond Made to Measure area in the store offers discerning consumers an avenue to personalize their ensemble bringing together their own personal style. With festive season around the corner, one can select a wide range of finest ethnic wear options such as Kurtas, Sherwanis, Bundis and Indo western.
Bangalore based Barbeque-Nation Hospitality Limited, one of India's leading casual dining restaurant chains according to the Technopak Report., filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO).
The IPO comprises of a fresh issue of up to Rs. 2,000 million and Offer for sale of up to 6,179,000 equity shares comprising an Offer of Sale of up to 109,800 equity shares by Aajv Investment Trust, up to 4,729,200 equity shares by Tamara Private Limited, up to 400,000 equity shares by Azhar Dhanani, up to 270,000 equity shares by Kayum Dhanani, up to 270,000 equity shares by Sanya Dhanani and up to 400,000 equity shares by Sadiya Dhanani,
The offer includes a reservation of up to 150,000 equity shares, for subscription by eligible employees
The equity shares will have a face value of Rs 5 and the price band will be decided in consultation with the Book Running Lead Managers (BRLMs).
The Net Proceeds from the Issue will be utilized towards (i) setting-up of new Barbeque Nation restaurants in India; (ii) Repayment or prepayment of loans of the Company and Subsidiaries; (iii) General corporate purposes
IIFL Holdings Limited, Edelweiss Financial Services Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book running lead managers to the issue and Link Intime India Private Limited is the Registrar.
Barbeque Nation Hospitality Limited: Barbeque Nation Hospitality Limited (BNHL) owns and operates Barbeque Nation Restaurants, one of India's leading casual dining restaurant chains according to the Technopak Report. The first Barbeque Nation Restaurant was launched in 2005 by Sayaji Hotels, one of the company’s promoters. Five Barbeque Nation Restaurants owned by Sayaji Hotels were transferred to BNHL in 2012. The company has steadily grown its owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2007 to 81 Barbeque Nation Restaurants in 42 cities in India (including one currently under renovation) and one restaurant in Dubai as of June 30, 2017. In addition, as of June 30, 2017, it had granted the franchise rights of one Barbeque Nation Restaurant.