Nestlé India Achieves Milestone Of Crossing INR 5,000 Crore Turnover In A Quarter

* Continues to deliver double-digit domestic sales growth

The Board of Directors of Nestlé India today approved the results for the third quarter of 2023.

Commenting on the results, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “I am pleased to share that we have, yet again, delivered consistent performance almost across all major brands. Domestic sales grew double digit, on account of mix, volume and price. Key brands continued to perform well, led by KITKAT, NESCAFÉ CLASSIC, NESCAFÉ SUNRISE, supported by MUNCH and MILKMAID. We are investing towards building our brand equity and have made strong and significant investments across all product groups. We crossed INR 5,000 crore turnover, which has been our first in any quarter in the history of the Company and a landmark for us.

Consumer trends and increasing proclivity towards adoption of brands in small towns and large villages has propelled the growth of the Company. Our RURBAN strategy remained focussed on deepening our reach in under penetrated small towns and large villages. The power of technology has been instrumental in getting actionable insights through our analytics platform MIDAS. This has helped in taking quick, granular, decentralised and robust decisions across our operating canvas. We are piloting NESmitra, our customer ordering app in RURBAN markets, that connects retailers to distributors. We continue to widen and customize our RURBAN portfolio by introducing products which cater to specific local requirements. As an example, a step in this direction was the recent launch of MAGGI Teekha Masala and MAGGI Chatpata Masala variants of MAGGI noodles in RURBAN markets across 15 states of India. In effect, our strategy of enhancing reach, brand resonance of portfolio, resource deployment and renewal of strong activations at the ground level plays to a sustainable execution model for the Company.

The Out-of-Home business continued to deliver double-digit growth with a focus on portfolio transformation, geographical expansion and significant investment in infrastructure.  E-Commerce contributed to 6.1% of the quarterly sales with continued growth across channels driven by Quick Commerce.  I am happy to note that our D2C platform www.mynestle.in has performed well in Delhi NCR and now we are in the process of expanding it to other cities.

We have accelerated our focus on Innovation and Renovation, launching many new products through the year. We are creating a differentiated and diverse food portfolio across brands that promotes millets or ‘shree anna’ as a more sustainable food. Our manufacturing and processing capabilities and understanding of Indian palate enables us with expertise to introduce millets in relevant product groups. We recently launched Nestlé a+ Masala Millet with bajra, in two variants, Tangy Tomato and Veggie Masala. Our portfolio has products like Nestlé CEREGROW grain selection with ragi, Nestlé MILO Cocoa Malt with bajra, Nestlé KOKO KRUNCH millet jowar breakfast cereals that contains millet. Many more products with millets are on the anvil.

As a responsible corporate citizen with strong  commitment to be a Net Zero Company by 2050, we are accelerating our sustainability journey. We have doubled our investments on sustainability in areas such as dairy, plastics and sustainable sourcing. As an example, our interventions made in NESCAFÉ plan has helped in enhanced outcomes on higher yields for better coffee, improving livelihood of coffee farmers and their families, encouraging sustainable management of landscapes and improving biodiversity in coffee farms through intercropping. We have also accelerated the pace of installing anaerobic biodigesters in dairy farms with the aim of reducing methane emissions and providing renewable energy to the farming households.

Commitment, consistency, and collaboration are key pillars for our business. Our deeply held values, enshrined in our Purpose has consistently anchored the organisation. Over the last 111 years we have built enduring partnerships, and I would like to express my gratitude to the unwavering commitment of our partners, suppliers, retailers, distributors and employees for their trust, love and faith bestowed upon us.”

Financial Highlights – Q3 2023:

Total Sales of INR 5,009.5 Crore

Total Sales Growth at 9.4%. Domestic Sales Growth at 10.3%.

Profit from Operations at 22.6% of Sales

Net Profit of INR 908.1 Crore

Earnings Per Share of INR 94.18

Business Comments – Q3 2023:

E-commerce: The channel contributed to 6.1% of the quarterly sales with continued growth across product groups driven by Quick Commerce.

Organized Trade: The retail channel continued delivering strong double-digit growth.

Out of Home (OOH): Registered strong double-digit volume led growth. Product transformation led to consistent performance.

Exports: Expanded product offerings across key international markets to delight Indian diaspora, that led to growth.  MAGGI and NESCAFÉ SUNRISE range met with strong demand in both ethnic and mainstream channels.

Product Groups Performance – Q3 2023 (Domestic):

Prepared Dishes and Cooking Aids: Growth momentum continued across portfolio, driven by combination of market visibility, impactful media campaigns and targeted consumer engagement initiatives aided by innovation especially for RURBAN markets.

Milk Products and Nutrition: Delivered double-digit growth. Launched Nestlé a+ Masala Millet.  MILKMAID and PEPTAMEN continued to receive positive consumer response.

Confectionery:  All key products registered strong growths led by KITKAT and supported by MUNCH. Performance was aided by consistent media support, digital first campaigns and a mega launch plan on KITKAT’s premium portfolio.

Beverages: Strong growth recorded across NESCAFÉ portfolio with all key brands - NESCAFÉ CLASSIC, NESCAFÉ Sunrise and NESCAFÉ GOLD registering double-digit growths. NESCAFÉ continued to cement its leadership position in the category with highest ever market share and strong household penetration gains.

Petcare Business: Felix Wet Cat food continued to receive positive feedback from trade and cat parents.

Commodity Outlook:

Uneven rain and rain deficit is expected to impact production of maize, sugar, oilseeds and spices that may have an adverse impact on pricing. Coffee continues to be volatile because of global supply deficit. The weather during the harvest of Indian Robusta crop may impact production. Upcoming winter weather may impact wheat production. Healthy milk flush is expected in winter which is expected to keep prices stable.

Dividend:

The Board of Directors have declared second interim dividend for 2023 of INR 140/-  per equity share (Face value Rs. 10/- per equity share) amounting to INR 1,349.82 crore, which will be paid on and from 16th November 2023. This is in addition to the first interim dividend of INR 27/- per equity share paid on 8th May 2023.

Sub-division/ split of face value of shares:

The Board of Directors of the Company have approved the alteration in the share capital of the Company by sub-division/ split of existing equity shares having face value of Rs. 10/- each, fully paid up, into 10 (ten) equity shares having face value of Re. 1/- (Rupee one only) each fully paid-up, subject to the approval of Members of the company.

Hero MotoCorp Inaugurated Its First Premium Dealership ‘Hero Premia’ In Calicut, Kerala

Heralding a new era of premium customer experience, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today inaugurated its first premium dealership ‘Hero Premia’ in the vibrant city of Calicut, Kerala.  Situated in the Auto hub in Calicut, Hero Premia will play an instrumental role in creating an unrivalled premium sales and service experience for its discerning customers.

Promising a fresh automotive experience to all visitors, Hero Premia features modern architecture, appealing design, and engaging new-age digital technologies. Delivering the best-in-class premium ownership experience, a team of professionally trained sales consultants will offer valued customers personalized sales advice as per their mobility needs.

Hero Premia will display Hero MotoCorp's range of premium products – including the newly launched flagship motorcycle Karizma XMR. Providing an efficient and green alternative for urban commuters, Hero Premia will also display Vida V1 scooters, catering to the growing need for electric mobility solutions. Customers can also experience Hero MotoCorp’s first co-developed motorcycle, Harley-Davidson X440.

Commenting on the occasion, Mr. Ranjivjit Singh, Chief Business Officer, India Business Unit, Hero MotoCorp said, “As we open doors of our first premium dealership in India, we are not just offering a diversified display of our motorcycles and scooters, we are showcasing the future of mobility which is premium, innovative and sustainable. The FY’24 will see our company significantly strengthen its premium retail experience across India.

With the launch of new premium products this year – Karizma XMR and Harley-Davidson X440, the premium portfolio of Hero MotoCorp looks stronger than ever and we’re confident that Hero Premia, our brand-new premium retail channel is poised for greater success in the coming months. Offering an inclusive brand experience to its customers under one roof, Hero Premia is not only a point of sale but a testament to our promise of providing an unmatched high-quality brand experience.”

NEW-AGE DIGITAL TECHNOLOGY

A seamless journey integrating online and offline touchpoints along with the introduction of digital interactive modules and new-age configurators, Hero Premia promises to make customers’ experience even more attractive. The application of cloud technology and augmented-reality will help customers to evaluate and select their dream motorcycle and scooter as per their choice.

HERO MOTOCORP’S 3S

Strategically located, spread across approximately 3,000 sq. ft., Hero Premia will deliver exceptional standards of Sales, Service and Spare-parts in all processes to ensure that customers receive best-in-class sales premium ownership experience.

VISUAL IDENTITY

Hero Premia adds a cutting-edge aura to the new visual identity with contemporary brand elements. The new format of the dealership has been conceptualized keeping everyday adventure and sustainability at its core.

The front fascia of Hero Premia adopts a unique premium dark façade, evoking the connotation of modernity. Inspired by nature, the design elements in the interior such as mountain trails, rock wall, and rafter ceiling exude grandeur.  New furnishings and warmer hues and tones in the interior creates a welcoming atmosphere for the customers. The high-class hospitality lounge offers a relaxed and premium ambience.

PRODUCT DISPLAY ZONES

A distinctive and recognizable brand language is used to showcase Hero MotoCorp’s diversified range of products. Urban and street motorcycling zones will feature electric mobility and performance motorcycles, while the other half displays lifestyle and exploration through roadsters and adventure motorcycles. 

Hero Premia will also have a wide array display of Lifestyle, Merchandise and Accessories by Hero MotoCorp and Harley-Davidson X440. 

Toyota Kaushalya Trainee Earns Distinction In All India Trade Test (AITT), Felicitated By Government of India

Celebrating the recognition of its skilling efforts, Toyota Kirloskar Motor (TKM) today, announced a prestigious honor bestowed upon one of its Toyota Kaushalya trainees, Mr. Arun Kumar Gadigeppa Gowda Patil by  Directorate General of Training (DGT) for his top performance in the All-India Trade Test (AITT) examination for the year 2023 at  Kaushalya Deekshanth Samaroh, an  event recently held in New Delhi on 12th Oct 2023.

The event was graced by eminent dignitaries, including Shri. Dharmendra Pradhan, the Hon’ble Minister of Education and Minister of Skill Development and Entrepreneurship, Government of India, and Shri. Rajeev Chandrashekhar, the Hon’ble Minister of State for Skill Development,   entrepreneurship, Electronics, and Information Technology, Government of India.

Aligning with the Government’s ‘Skill India’ initiative, the Toyota Kaushalya program (Flexi MOU scheme), is a two-year free residential course under the Craftsman Training Scheme (CTS) at TTTI. This  program is designed to cultivate highly skilled, industry-ready technicians, with focus on admitting students from rural Karnataka and economically challenged backgrounds. The program’s unique 'Learn and Earn' approach, seamlessly integrates theoretical knowledge with On-the-Job Training (OJT). Throughout their training, students are mentored by supervisors who serve as Master Trainers in their respective fields, ensuring that the training provided aligns with industry requirement and culture. This comprehensive approach does not just foster technical skills and employment opportunities but also nurtures a healthy body and mind.

The first batch of Toyota Kaushalya program students passed out in August 2023, Mr. Arun the top performer, came from a modest background. Being a bright student, he was a quick leaner and disciplined. He dedicated several hours a day learning and honing his skills that were imparted to him in the classroom sessions at TTTI, as well as during his on-the-job training he received at TKM. His commitment, hard work  and interest in Mechatronics trade motivated him to become a  top performer in the AITT exam.

Expressing his thoughts, Mr. G. Shankara, Senior Vice President & Chief Human Resource Officer Toyota Kirloskar Motor, said, “At Toyota Technical Training Institute (TTTI), we take  pride in  witnessing our students’ holistic development and achievements year after year. Our unwavering commitment of providing training to economically challenged students, has not only impacted the surrounding communities but also significantly contributed to the broader national initiative of ‘Skill India’. Through this initiative, we empower youth with the desired skills and knowledge of advanced technologies along with practical experience to meet the ever-growing requirements of the Auto industry. We extend our heartfelt congratulations to Mr. Arun  for his remarkable accomplishment. We salute his dedication and hard work to be a beacon of inspiration for aspiring youth across the nation.”

The graduates from TTTI consistently enjoy high employment rates and access to job opportunities, not only in Karnataka but throughout India and beyond. Further to promote skilling, TTTI has been selected as one of the institutes under the Japan India Institute for Manufacturing [JIM] skill transfer promotion program, aimed at inculcating Japanese-style manufacturing. The institute  takes immense pride in having nurtured over 950+ graduates who have successfully completed their training. Among them, numerous individuals have achieved significant feats in prestigious competitions such as the National Skill Contest, instilling a profound sense of national pride.

upGrad Harappa Appoints Avnish Datt As The Chief Business Officer

Harappa Education, part of upGrad and the learning institution of choice for high-performing enterprises in the country, announces the appointment of Avnish Datt, as the Chief Business Officer (CBO), effective September 2023. In this crucial role, Avnish will be responsible for the overall business of the company, working alongside Shreyasi Singh. He will spearhead the consolidation and expansion of their distinctive category of Thrive Skills and leadership programs, catering to high-performing companies in India and worldwide. 

Prior to this, Avnish had held key leadership roles at prominent organisations including Info Edge India, Nucleus Software, Orange Business Services, Equant, Global One, and Sprint RPG India. During his 29 years long career, Avnish led large teams in India, Asia-pacific, Australia and Europe. He held key leadership roles like the chief revenue officer and global head of sales and strategy, and general manager for country business of large MNCs. In his last role, Avnish led the sales and customer success team of around 800 people. He has built, grown and managed teams and businesses across Asia-Pacific, Australia and Europe. 

Congratulating Avinsh on the appointment, Shreyasi Singh, Founder and CEO, Harappa Education, said, "Excited, proud and totally stoked to announce that Avnish Datt is joining Harappa as our Chief Business Officer. I have learnt more from him in the last two months than almost anyone else I have worked with. With him at the helm, we, both at Harappa and at upGrad Enterprise, are more determined than ever to expand our special category of Thrive Skills and leadership programs to high-performing companies across the world. This is a big deal for us: to have someone like Avnish believe in our vision and potential, and partner with us to script the next phase of our growth.”

“Learning and development has been a lifelong passion. Harappa’s unique approach to Thrive Skills and leadership development, and the customer experience it delivers is the absolute best-on-class. Sharp and engaging online learning library, and a purposeful pedagogy makes it an outstanding choice for today’s high-growth and growth-aspirant businesses. Combine that with the momentum and might of upGrad and you have an unassailable combination. I'm thrilled to embark on this journey with upGrad and Harappa, and work with Shreyasi who is really the embodiment of Harappa’s spirit. As we step into the global arena, we'll empower high-performing companies worldwide to unlock their full potential and drive excellence, one skill at a time. Together, we'll chart a new course for leadership and innovation, fueled by the power of continuous learning and growth,” concluded Avnish. 

Avnish will be based out of New Delhi. 

About upGrad

Started in 2015, upGrad is Asia’s largest integrated Learning, Skilling, and Workforce Development Company. The offerings range from online & hybrid Degree programs to pathway and study abroad programs to certification and Bootcamps to Diploma, Master’s and Doctorate programs for working professionals. upGrad provides most of these programs to enterprise clients through its B2B arm along with recruitment and staffing services. To date, upGrad has enrolled 10 million+ learners from 70+ countries, boasts a network of 300+ direct global university partners, wide line-up of 2500+ pathway connections, 20,000+ recruitment partners, and an enterprise arm with 3000 corporate partners, worldwide. www.upgrad.com

IndusInd Bank Introduces A Brand Campaign For Its New Digital Banking App ‘INDIE’ During ICC Men’s Cricket World Cup 2023

·         With a series of brand videos, the campaign highlights several customer centric features such as Smart Savings account with Linked FD, Flexible Line of Credit, Personalized rewards program, security features among others

·         Campaign has been amplified during the ongoing ICC Men’s Cricket World Cup 2023 on Star Sports HD TV, Hotstar Connected TV, digital and social media

·         Films have been conceptualized and executed by Leo Burnett IndiaINDIE by IndusInd Bank has already received an overwhelming response from the customers within a month of soft launch with over 3 lac customers

IndusInd Bank has introduced an insight-led brand campaign aimed at promoting its hyper-personalized financial super-app, 'INDIE.' INDIE is a recently introduced mobile banking app from IndusInd Bank that offers a completely differentiated banking experience to digitally-savvy customers seeking a superlative digital experience. The app encompasses a gamut of services, including a Smart Savings account with Linked FD, Flexible Line of Credit, a personalized rewards program, advanced security features, and stock broking, among others.

This brand campaign centres around the theme, 'Everyday Banking shouldn't feel like a battle,' and showcases day to day struggles people have with banking depicted by ancient warriors in a unique way, differentiating itself in the clutter of various Ads being run during the ongoing Cricket World Cup. The campaign offers a unique perspective to users with disruptive content, emphasizing that 'INDIE' by IndusInd Bank offers personalized experience and ultra flexible products that users can personalize as per their unique needs with many industry firsts. The app also leverages advanced analytics to provide personalized insights to its customers and aims to usher in a revolutionary new way to bank and make finance easier, safer and much more engaging than traditional banking apps.

Conceptualized and executed by Leo Burnett India, the brand films drive the USPs of INDIE in an interesting way covering features such as accelerated rewards on the brands of customer’s choice and industry-first security features such as numberless cards, dynamic ATM PIN, single-use virtual debit card, and the ability to receive transaction OTP even in low network zones using Super-OTP. Users can also access a flexible instant credit line up to 5 lakhs, allowing them to withdraw funds anytime and multiple times while paying interest only on the amount withdrawn. Additionally, through INDIE, the Bank is providing a special World Cup interest rate of 7.85% p.a on Fixed Deposits, along with the added benefit of linking users' Fixed Deposit to their Savings Account.

Speaking about the campaign, Charu Sachdeva Mathur, Head – Digital Banking & Strategy (Existing Business), IndusInd Bank, said, “The new brand campaign reflects IndusInd Bank's unwavering commitment to customer-centricity and the advancement of the Bank’s Digital 2.0 journey. With INDIE, we're revolutionizing banking into a seamless and tailored experience, where ` individual needs and preferences take centre stage. The campaign symbolizes our mission to redefine the everyday banking experience, simplifying it and making it more convenient.”

This campaign is being amplified across Television, Connected TV, social and digital media channels such as YouTube, OTTs, Instagram, FB, LinkedIn, etc.

Watch the Ad here:

https://www.youtube.com/watch?v=K-ZxvckJiPU

https://www.youtube.com/watch?v=buNApFs7jV4

https://www.youtube.com/watch?v=AC0CtcYNXm8

https://www.youtube.com/watch?v=XVTbOhBW5BU 

Tata CLiQ Luxury Introduces A Streetwear Portfolio With The Launch Of Capsul

~ With the launch of the multi-brand streetwear boutique, the platform aims to engage with discerning young Millennials and Gen Z consumers by offering a wide range of iconic international brands that offer a fusion of streetwear aesthetics with high fashion ~

The luxury fashion portfolio on Tata CLiQ Luxury, India’s premier luxury lifestyle platform, features an assortment of global and Indian luxury brands that have been mindfully curated for consumers. In its effort to strengthen the assortment and enhance the consumer experience by offering a diverse range of brands across premium, bridge to luxury, and luxury segments catering to the varied interests of consumers, Tata CLiQ Luxury has expanded its streetwear portfolio with the launch of Capsul, India’s first multi-brand streetwear retailer. The Capsul boutique on the platform offers an exciting curation of limited-edition streetwear inspired by pop culture, art, and high fashion that will assist fashion enthusiasts in putting together statement ensembles for any occasion.

Founded in 2018 by Meenakshi Singh and Bhavisha Dave, Capsul was launched with the aim of building a community for streetwear in India by curating a selected range of products designed by culturally rich labels founded by thought leaders and storytellers from all over the world. Driven by their shared passion for streetwear, the duo capitalised on the opportunity offered by the growing streetwear phenomenon, whose impact is evident in global culture, sports, music, and fashion, and introduced these brands to their Indian fans as well. Capsul’s collection on the platform caters to the needs of Millennials and Gen Z by offering them a fresh perspective on contemporary fashion and allowing them to explore and experiment with a diverse range of styles, from classic luxury to cutting-edge streetwear.

As a brand, Capsul encourages slow fashion, which aligns with Tata CLiQ Luxury’s ‘Slow Commerce’ brand philosophy, where the focus is on buying pieces that are an expression of one’s personality. The Capsul boutique on the platform offers consumers a range of leading international brands across apparel and accessories, such as Big Billionaire Club, Carhartt WIP, HUF, Icecream, Market, Pleasures, RIPNDIP, Stable, The Hundreds, and Thrashers, and more.

Commenting on the launch, Gopal Asthana, CEO, Tata CLiQ, said, “At Tata CLiQ Luxury, our efforts are focused on curating a thoughtful selection of brands and offering an elevated shopping experience to discerning shoppers, including shoppers from a younger demographic. As we continue to expand our existing luxury fashion portfolio, we are elated to introduce streetwear on the platform with the launch of Capsul, which brings an exciting dimension to our existing offerings. Capsul’s streetwear is the power dressing in casual wear, as it curates a distinctive selection of international streetwear luxury brands that resonate with fashion-forward individuals seeking to express themselves via unique styles. We look forward to a fruitful partnership and being the go-to destination for consumers looking to shop for streetwear.”

Meenakshi Singh, Director, Capsul, said, “We're delighted to launch our brand on Tata CLiQ Luxury, India’s premier luxury lifestyle platform. Our mission at Capsul has always been to curate unique international streetwear brands for those with a distinct style. This partnership will help us to expand our reach and increase our access to discerning fashion-savvy, younger consumers across the country who are looking to shop from the most celebrated streetwear brands that reflect their personalities."

Shop for iconic streetwear labels from Capsul from the comfort of your home only on Tata CLiQ Luxury - https://luxury.tatacliq.com/capsul

About TataCLiQ?Luxury:

Redefining the term luxury in India – one that reflects the flawless values of thoughtfulness, authenticity, timeliness, and quality – Tata CLiQ Luxury embraces the principles of the Slow Commerce brand philosophy to enhance consumers’ online luxury shopping experience. Here, the attention shifts to finer details, craftsmanship, heritage, and the tranquillity and value of an experience, where browsing is a delight and quality are nurtured. 

As India’s premier luxury lifestyle platform, Tata CLiQ Luxury offers premium & luxury brands across a range of categories, including Accessories, Apparel, Beauty & Fragrances, Fashion, Gourmet, Handbags, Home, Sneakers & Footwear, Stationery, and Watches. The platform delivers an unparalleled shopping experience through careful curation of brands, thoughtfully developed brand stores, luxury delivery and unboxing experiences designed to bring luxury shopping to the customer's doorstep, and personalized privilege programs, managed by attentive relationship managers. 

Tata CLiQ Luxury is committed to responsible business practices. In an endeavour to support our green goals, the circular packaging program allows customers to return their empty packaging boxes after their purchase is received, thereby enabling the brand to recover, refurbish, and reuse them. 

Tata Power EZ Charge Powering e-Mobility For Cricket Fans At All World Cup Venues

Tata Power, one of India's largest and leading EV charging solutions providers, is playing a pivotal role in ensuring that cricket fans across the country have a seamless EV experience as they pull up to the Cricket World Cup 2023 venues in their electric vehicles.

With the World Cup fervour in full swing, cricket enthusiasts from every corner of India are converging at the match venues. As part of Tata Power's commitment to sustainable mobility, the company's extensive EV charging network has been making e-mobility adoption across the country easier. Tata Power has strategically been installing EV Charging points at diverse locations to build a reliable charging network across the country. Tata Power EZ Charge is present at all Cricket World Cup Venues ensuring that EV owning sports enthusiasts can arrive at the venues, ready for an electrifying experience.

Tata Power's expansive EV charging infrastructure expands across the length and breadth of the nation, providing accessible and reliable charging. All charging stations are open   24 X 7 and monitored real-time by the Network Operation Centre located in Mumbai. The charging experience is made convenient through the award winning Tata Power EZ Charge. EV drivers can also navigate to their closest charging point using the EZ Charge app, book their charging slots and pay with a simple Tag, Charge, Go using the EZ Charge card. The hassle-free EZ Charge experience will ensure that fans can make the journey to witness their favourite teams play, knowing that their EVs will have the swift and EZ Charge they need.

Tata Power's presence across the Cricket World Cup 2023 venues is a testament to its dedication to advancing sustainable mobility in India. Tata Power's extensive nationwide network spreads over 420 cities with more than 59,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations that present at diverse and strategic locations expanding EV charging accessibility across the country.

About Tata Power: 

Tata Power (NSE: TATAPOWER; BSE:500400) is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed/managed capacity of 14,384 MW. The Company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, and trading. The Company developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 5,524 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 38% of the overall portfolio, the company is a leader in clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from the Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.  

Tata Power is currently serving more than 12.9 million consumers via its Discoms, under a public-private partnership model viz Tata Power Delhi Distribution Ltd. with the Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha.  

With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions provider by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al. In its 108 years track record of technology advancements, project execution excellence, world-class safety processes, customer care and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com 

Kasturba Medical College, Manipal’s Clinical Embryology Centre Recognized As A 'Centre Of Excellence' by Merck Foundation, Germany

The prestigious Merck Foundation of Germany, dedicated to advancing global health and wellbeing through science and technology, has officially designated the Clinical Embryology Centre at Kasturba Medical College, Manipal (KMC Manipal) as its "Centre of Excellence".

The Merck Foundation is passionately committed to enhancing healthcare access in underserved communities. Their flagship initiative, 'Merck More Than a Mother', created in partnership with several African governments, is a testament to this commitment. It addresses the pivotal need for improved fertility care in regions that lack adequate resources.

Since 2017, the Clinical Embryology centre at KMC Manipal has been a crucial global collaborator in these capacity-building projects. Through the joint efforts of the Merck Foundation and KMC Manipal, approximately 100 clinicians and scientists spanning 27 countries have undergone top-tier embryology training in Manipal. These trained professionals are now at the forefront of infertility care in their respective nations.

The recognition was conferred during the Merck-Africa-Asia-luminary conference on October 18, 2023, in Mumbai. Distinguished attendees included Senator Dr Rasha Kelej, CEO of Merck Foundation, Prof. Dr Frank Stangenberg-Haverkamp, Chairman of the Executive Board of E. Merck KG, and first ladies from fourteen African nations. Dr Sharath Rao, Pro Vice Chancellor, MAHE, and Dr Satish Adiga, Head of Clinical Embryology programs at KMC Manipal, proudly received the accolade.

Regarded as one of the premier IVF-Embryology training hubs in Asia, KMC Manipal's program boasts a notable record. It has equipped hundreds of doctors and scientists with the skills to assist infertile couples worldwide.

Ambuja Cement’s Bhatapara Plant Bags APEX India OH&S ‘Platinum Award’ For Superior Safety Practices

* Ambuja Cement’s Bhatapara Plant Honoured With The Top Award For Safety Practices Under Large Scale Manufacturing Category 

* The unit’s robust safety measures and visionary risk control methods exceeds normal industry standards 

Ambuja Cements, the cement and building material company of the diversified Adani Group, has been awarded the prestigious APEX India Occupational Health & Safety (OH&S) ‘Platinum Award’ for 2023 for its Bhatapara plant. 

This award was conferred upon Ambuja Cements at a recent event in Udaipur for their commendable safety protocols implemented at the Bhatapara plant. The Apex India Safety Awards, a hallmark of safety excellence in India, saw the Bhatapara Unit's representatives receive the award in the large-scale manufacturing category. 

The honour was conferred by Member of Parliament, Mr. Manoj Tiwari in the presence of Dr. Avneesh Singh, ex-Director General of DGFASLI, Ministry of Labour & Employment and Retired Major General P K Saighal. 

This recognition solidifies the company's commitment to safety and the measures implemented to build a safe and healthy workspace. These accolades bring to light our dedication to sustainable practices, emphasizing our drive to adopt the best methods concerning health, safety and the environment. Through the company’s robust safety initiatives, we have been able to ensure a safer workplace for our human capital. 

About Ambuja Cements Limited 

Ambuja Cements Limited, part of the Adani Group, is among India's leading cement companies. Ambuja, with its subsidiary ACC Ltd., has a capacity of 67.5 million tonnes with fourteen integrated cement manufacturing plants and sixteen cement grinding units across the country. Ambuja has been recognised as India’s Most Trusted Cement Brand by TRA Research in its Brand Trust Report 2023 and among ‘Iconic Brands of India’ by The Economic Times. Ambuja has provided hassle-free, home-building solutions with its unique sustainable development projects and environment-friendly practices since it started operations. The Company has many firsts to its credit – a captive port with four terminals that has facilitated timely, cost-effective, cleaner shipments of bulk cement to its customers. With a world-class R&D centre, the quality of Ambuja’s products and services, as well as its commitment to technological development, make it a preferred brand in building materials. To further add value to customers, the Company has launched innovative products like Ambuja Plus, Ambuja Cool Walls, Ambuja Compocem and Ambuja Kawach under the umbrella of Ambuja Certified Technology. These products not only fulfil important customer needs but also help in significantly reducing carbon footprints. Being an employee friendly workplace, Ambuja Cements has been ranked No. 1 in ‘Best Companies to Work For’ survey in 2022 by Business Today in the Construction and Infrastructure sector. 

Rapido Collaborates With Bengaluru Traffic Police To Enhance Road Safety By Distributing Helmets To 200 Traffic Policemen Among Others

*   Rapido distributed helmets and raincoats to more than 200 traffic policemen

*  Shiva Prakash Devaraju, DCP, Traffic, South Division, Bengaluru and T. Mahadeva, ACP, Jayanagar personally distributed 100 helmets to Rapido bike taxi captains

*   The Company also installed modern traffic police booths at Shalini Ground, Jayanagar Metro Signal and 13 other strategic locations throughout Bengaluru

Rapido, India's leading bike taxi platform, collaborated with Bengaluru Traffic Police to organize an awareness drive by distributing helmets and raincoats to 200 traffic policemen at Shalini Ground, Jayanagara on 19th October 2023. The occasion was graced by Shiva Prakash Devaraju IPS, DCP, Traffic, South Division, Bengaluru, Government of Karnataka, and T. Mahadeva, ACP, Jayanagar Police Station. 

In a meaningful gesture, Shiva Prakash Devaraju and T. Mahadeva personally distributed 100 helmets to Rapido bike taxi captains and took the opportunity to speak about the importance of road safety. The company believes that safeguarding riders and law enforcement officers is a shared responsibility, and this endeavor underlines that commitment.

Furthermore, Rapido is also actively investing in enhancing the infrastructure available to traffic police officers. By installing modern traffic police booths at 15 strategic locations throughout the city, including prominent areas like Shalini Ground in Jayanagar 5th Block, Jayanagar Metro Station Signal, Chunchaghatta Signal, 100 Feet Road Sarakki, Delmia Signal, and Forum Mall Signal.

Pavan Guntupalli, Co-founder of Rapido, stressed on the significance of road safety and the partnership with Bengaluru Traffic Police, stating, “At Rapido, we have always placed safety as our top priority. We are excited to team up with the dedicated officers of Bengaluru Traffic Police to further our mission of enhancing road safety in the city. This collaboration highlights our commitment to ensure safer streets in Bengaluru. Together with our esteemed partners, we aim to make a positive impact on road safety for all residents and commuters in the city."

During the event, Shiva Prakash Devaraju IPS, DCP, Traffic, South Division, Bengaluru said "I extend my first and foremost thanks to Rapido for their remarkable initiatives. It's noteworthy that Bengaluru currently holds the second position nationwide, just behind Delhi, in terms of the number of two wheelers on its roads. Based on the current registration trends, it's foreseeable that in the next 2 to 3 years, Bengaluru will become the city with the most two-wheelers in the country. On this trajectory, Rapido will surpass 20,000 bikes. There are two crucial facets to consider: from the perspective of bike taxi captains, ensuring timely and efficient pick-up and drop-off services for customers is paramount; from the viewpoint of traffic police, irrespective of the mode of transport, our shared objectives remain consistent - promoting safe transportation and mitigating traffic congestion. It is imperative that bike taxi captains establish and maintain regular communication with traffic police officials. Furthermore, I emphasize that prioritizing the use of helmets should be your foremost concern, promoting the safety and well-being of both riders and passengers alike."

T. Mahadeva, ACP, Jayanagar Police Station, Bengaluru said "Every day, we encounter a multitude of challenges in our daily work routine. The rise in individuals disregarding traffic regulations and the increasing frequency of signal violations are becoming pressing concerns. Nonetheless, we have surveillance cameras strategically positioned at various traffic signals, which continuously monitor and record infractions. Our Traffic Management Center (TMC) diligently processes and registers between 40,000 to 50,000 cases online each day. This robust system underscores the need for Rapido drivers to exhibit responsible behavior by strictly adhering to traffic regulations and working in tandem with our dedicated traffic police officers. By doing so, we play a crucial role in fostering the transformation of Bangalore into a city known for its international standard of safety and responsible driving."

In addition to providing safety gear, Rapido is actively engaged in promoting safety awareness among its bike taxi captains and the larger two-wheeler rider community. The company educates riders on the importance of adhering to traffic rules, wearing protective gear, and practicing responsible riding behavior. Rapido has distributed 100 helmets throughout India to promote road safety and has previously collaborated with Noida Traffic Police to enhance road safety.

HFCL's Sustains A Steady Growth Trajectory On The Back Of Its Diverse Offerings, Strong Order Book And International Expansion

·         Order book stands at INR 7078 crores, up from INR 5280 crores in Q2FY23

·         Revenue in Q2FY24 stands at INR 1111.49 crores as against INR 1173.47 crores in Q2FY23

·         EBIDTA margin stands at 13.47 % in Q2FY24 as compared to 14.88 % in Q2FY23

·         PBT margin stands at 8.47 % in Q2FY24 as compared to 9.70 % in Q2FY23

·         PAT margin stands at 6.31 % in Q2FY24 compared to 7.18 % in Q2FY23

HFCL Limited (‘HFCL’), a leading technology enterprise with operations in manufacturing of high-end telecom equipment, optical fiber and optical fiber cables and offering communication network solutions for telcos, defence and railway sector announced its Un-audited financial results for the second quarter and half year ended 30th September, 2023.

On a standalone basis, the Company reported quarterly revenue of INR 1001.76 Crores, EBIDTA of INR 131.85 crores, PBT of INR 90.25 crores and PAT of INR 67.55 crores.

Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL said, “Despite challenging macroeconomic conditions across different regions and also the uncertainties triggered by Global conflicts, the international monetary fund has revised the growth rate forecast to 6.3% for India due to its robust growth prospects. Indian telecom industry stands resilient and India has emerged as among the top three 5G ecosystems in the world within just a year from start of 5G rollout. As a prominent player in optical fiber cables, telecom and networking products and network solution offerings, HFCL continues to demonstrate sustainable performance. During this quarter, the Company has witnessed softening in demand of OFC and telecom and networking products from the telcos, resulting into decline in product revenue both on Quarter on Quarter and Year on Year basis. The temporary decline is attributed to an inventory built-up with major operators, resulting in an overall reduction in revenue in absolute terms both domestically and in the international markets.”

Mr. Nahata outlining HFCL’s strategic moves added, “With our focus on innovation and R&D, we have made significant progress in designing and developing indigenous telecom product and solutions, to meet the significant upcoming demand for fiberisation and 5G network infrastructure in India and key global markets like US, Middle East, France and Germany. We have taken continued efforts to design and develop next-gen products like optical fiber cables for international markets, 5G access and transportation equipment and 5G backhauling products which will significantly boost our revenue and margins going ahead. The Company recently launched its revolutionary Intermittently Bonded Ribbon (IBR) Cable in the United Kingdom and showcased high-fiber density Flat Ribbon Cable in the United States to address the fiberisation challenges and evolving needs of the international customer.”

Zamindar Microsurgical Eye Centre (ZMEC )- Dedicated Vision Therapy Clinic

Zamindar Microsurgical Eye Centre (ZMEC), Bengaluru, is one of the few eye hospitals in bengaluru to have a dedicated Vision Therapy Clinic for the diagnosis and treatment of various binocular vision disorders. Equipped with the state-of-the-art technology and infrastructure, ZMEC provides holistic and evidence-based vision therapy to treat various refractive and binocular vision disorders including Amblyopia.

Talking about the new concept, Dr. Samina F Zamindar, Founder, Zamindar Microsurgical Eye Centre (ZMEC), said, In today’s digital world, with technological advancements eyestrain and headache are common problems. It is important to do binocular vision assessment for diagnosing common eye conditions affecting eye muscles and thereafter learn correct eye exercises to align both eyes.

Vision Therapy is a non-surgical, customized program designed to achieve binocular single vision. The goal of vision therapy is to treat vision problems that cannot be fully addressed through eyeglasses, contact lenses or surgery.   It helps to ameliorate vision problems and improve a patient’s quality of life by maximizing vision performance and comfort. The human brain has significant neuroplasticity, which means it can change its structure and function in response to external stimuli. This neuroplasticity is present not only in childhood, but also into adulthood. As a result, custom vision therapy programs can help bring about neurological changes that correct vision problems for improved visual perception and performance.

Vision therapy addresses vision problems that include amblyopia (“lazy eye”), strabismus, binocular vision problems, eye movement disorders, and accommodative (focusing) disorders. For example, if one eye fails to attain normal visual acuity due to eye teaming problems, vision therapy can help improve this teaming and reduce an eye’s perceived laziness

A vision therapist performs an eye examination followed by several special eye tests to properly diagnose the condition before beginning a vision therapy program.

Vision therapy is customized to meet the needs of an individual. Vision therapy can be beneficial for individuals of all ages. Depending on a patient’s needs, vision therapy may last anywhere between six weeks to one year. Most problems can be improved with bi-weekly sessions over two to three months, as determined by pediatric ophthalmologist.

SMA Sapience Celebrates Grand Opening Of Global Competence Center In Bengaluru

SMA Solar Technology AG, a renowned German multinational inverter company, leading the way in Solar PV Inverters, Energy Storage, and Power Electronics, is delighted to announce the successful grand opening of its Global Competence Center -SMA” Sapience” in Bengaluru, Karnataka. The celebration was held at the prestigious Hilton Hotel, Manyata Business Park, on the 18th of October, 2023. 

The company’s Global Competence Opening Celebration marks a significant milestone in SMA Global’s history as it establishes a hub to cater to its worldwide installation base and customers. The event highlights the deep commitment of this prominent German MNC to the Indian market and its global operations. 

Ms. Barbara Gregor, CFO of SMA Solar, Global Competence Center expressed her excitement about the event, stating, "We are truly honored to inaugurate our Global Competence Center - SMA ”Sapience” in Bengaluru, India. This marks a pivotal moment in SMA Solar's journey, and we look forward to furthering our commitment to renewable energies and the Indian market."

Distinguished guests and dignitaries graced the momentous occasion, including top executives and esteemed dignitaries Amita Bagga, Head of SMA Sapience, Bengaluru, India, Mr. Friedrich Birgelen, Deputy Consul General - German Consulate General Bangalore, Hariram Prabhakaran Head of Industry Solutions - Large Scale SMA Solar Technology AG,  Kai Ludolph - Head of Project Engineering Services at SMA Solar Technology AG was present. Additionally, the event hosted Dr. Jai Asundi, Executive Director, Center for Study of Science, Technology and Policy, Bangalore, and Mr. Idris Mohammed, Climate Change Advisor from Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

Establishing the Global Competence Center in Bengaluru solidifies SMA Solar's commitment to driving innovation in renewable energy and enhancing its service to global customers.

About SMA:

For 40 years, SMA has been setting technological trends and driving the development of renewable energies. With their groundbreaking inverter technology, they have made significant contributions in seeing that renewable energies leave the pioneer phase behind and increasingly become the norm worldwide.

With the digitization of the energy industry, they are now entering the energy world of the future. Photovoltaics are playing an important role, given that they will soon be the most cost-effective energy source in all regions.

In 1996, one of the first large solar PV plant was powered with SMA central inverter in India. SMA opened its Indian subsidiary at an opportune time in October 2010 when the market was about to expand rapidly. The SMA India team has also grown to spread across 6 locations.

Mother's Recipe Introduces Affordable Small Spout Packs For Its “Exotic Sauces Range”

Indians are increasingly trying & enjoying flavors from around the world due to the increase in eating outside food, exotic sauces play an integral role in creating such food in the comfort of your home. 

Understanding the need of the hour Mother’s Recipe, India's leading food brand has recently announced the launch of a smaller-sized spout pack of their Recipe Global “Exotic Sauce Range” in four exciting flavors: “Red Chili, Green Chili, Garlic Chilli, and Soya Bean”. The 85g spout packing is not only more affordable but also offers convenience in storing & usage.  

Recipe's Exotic Global Sauces make your food taste amazing and make it easy to cook international dishes at home. What makes Recipe unique is that these sauces contain no added MSG or no added artificial colors. The Recipe brand is all about giving you something special: the ability to cook in many ways, authentic and genuine flavors, and a taste of the world at an affordable price. These sauces are the perfect choice for preparing tasty Chinese dishes such as fried rice, Chow mein and Paneer chili. 

Commenting on the launch Ms. Sanjana Desai, Executive Director, Mother’s Recipe, said "In today's fast-paced world, we understand the importance of convenience without compromising on quality. Our sauces are free from added colors and MSG, and cater to the needs of our customers, providing them with the flavors they love in a convenient, portable package.” 

The product range is now available at your neighborhood store and leading supermarket chains in Indore, Jabalpur, Bhopal, Nagpur and Bangalore, priced at Rs. 25 ONLY for 85g. 

About Mother’s Recipe 

Desai Foods Private limited owns the brands Mother’s Recipe, ELMAC, Spread On Dabee. The company with a robust distribution network across the country caters to diverse formats ranging from mom &  pop stores, modern trade outlets, multi-functional outlets, e-commerce, Defence and to Hotel Restaurants & Cafes (HORECA) / Food Service outlets. The company is one of the largest providers of traditional & authentic Indian taste exported to more than 50 countries in the world. The current product portfolio in India consists of Pickles, Condiments Pastes, Blended Spices, Ethnic Chutneys, Papad, Ready to Cook Spice Mixes and Instant Mixes. The company has 3 state of the art manufacturing facilities – in Pune, Kolkata  in Bharoda and is certified under ISO 9001-2008 and ISO 22000-2005. 

Mother’s Recipe has won various awards like the Consumer Voice Award, the Super brand Award, Product of the Year award along with ‘Two Star Export House’ status by the Ministry of Commerce and Industry, Government of India. 

All the products are available to buy online on www.mothersrecipe.com . 

Amplifying The Reach Of Jansuraksha Schemes As A Step Toward Financial Inclusion

The State Bank of India, the country’s largest public sector bank, to support the Government's Jansuraksha campaign, organized a day-long workshop for its Lead District Managers and Nodal officers from various regions. The workshop focussed on sensitizing employees to amplifying the reach and understanding of Pradhan Mantri Jeevan Jhoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to cover every eligible citizen under these schemes. 

Launched to cater to financial needs during unforeseen events, PMJJBY provides life insurance and PMSBY provides accidental insurance cover of ?2.00 lacs each at a nominal premium of ?436 and ?20 per annum, respectively. The program launched by the Chief General Manager, of Hyderabad Circle, Chief General Manager (FI), and General Manager (FI) Corporate Centre, Mumbai, will focus on ensuring mass awareness about these schemes with the help of SBI employees.

All the Lead District Managers (LDMs) allocated to SBI, SLBC officials, and Nodal Officers (Lead Bank) from the State/UTs of Andaman and Nicobar Islands, Sikkim, West Bengal, Bihar, Jharkhand, Odisha, Andhra Pradesh, Tamilnadu, Kerala, and Karnataka participated in the workshop.

With this initiative, SBI strengthens its commitment to Financial Inclusion. At the launch, Dr. P.C.Saboo, CGM(FI), emphasized that "The Bank's goal is to cover all the eligible citizens under the Jansuraksha Scheme by spreading awareness about these products through SBI's strong network”. 

Shri Rajesh Kumar, CGM, Hyderabad Circle, motivated participants to facilitate banking services including Government Schemes like PMJJBY, PMSBY, etc. to all the sections of the society, particularly to the unbanked and under-banked strata to fulfill the aspiration of Financial Inclusion. The Bank officials were instructed to successfully conduct these camps at each Gram Panchayat and Ward across the country. 

About State Bank of India:

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of over 30 lakh Indian families. The home loan portfolio of the bank has crossed Rs. 6.53 lakh crore. As of June 2023, the bank has a deposit base of over Rs. 45.31 lakh crore with CASA ratio of 42.88% and advances of more than Rs. 33 lakh crore. SBI commands a market share of 33.4% and 19.5% in home loans and auto loans respectively. SBI has the largest network of 22,405 branches and 65,627 ATMs / ADWMs in India with 78,370 BC outlets. The number of customers using internet banking and mobile banking stand at 117 million and 64 million respectively. With SBI’s digital strategy right on track – the bank witnessed 63% of new savings accounts opened through the integrated digital and lifestyle platform YONO in FY23. SBI observed 23,400 new digital savings bank accounts being opened per day via YONO in the quarter ended June 2023. YONO, which has more than 6.36 crore registered users, witnessed more than 1 crore average daily logins in Q1 FY24. In terms of digital lending, the bank disbursed pre-approved personal loans worth Rs. 5,428 crore through YONO in the same period. SBI also has the highest number of followers on Facebook and Twitter amongst all banks worldwide.

Unisys Opens Registration For Its 15th Annual Unisys Innovation Program

* The program's next iteration will focus on emerging, solution-oriented technologies such as artificial intelligence, quantum computing and data analytics

Unisys (NYSE: UIS) has opened registration for its fifteenth annual Unisys Innovation Program (UIP), the company’s flagship technical project competition for engineering students in India. The ten-month program provides a platform for budding innovators to learn hands-on from Unisys mentors, subject matter experts and other leaders before entering the workforce. This experience is designed to push participants to think creatively and develop cutting-edge technologies that have the potential to make a significant impact on organizations in various industries.

This year, the program will center on ten themes related to business and technical challenges that students can select from to develop solutions. Once they have chosen their theme, participants can apply their creativity, problem-solving skills, technical expertise and teamwork as they navigate various stages of the program.

The themes explore a variety of subjects, including:

AI Ubiquity: Artificial intelligence (AI) technology has firmly established itself in a multitude of industries today. Additionally, the capacity of generative AI to produce human-like content equips organizations to explore innovative opportunities with exceptional speed.

Connected World (IoT): The future of IoT looks promising, with new advancements and applications constantly emerging. As more people, systems, devices and objects become interconnected, the potential for innovation is boundless.

Zero Trust Security: Zero Trust operates on the principle that no user or device should be inherently trusted, regardless of location. This has gained significant traction due to its proactive stance against cyber threats and adaptability to emerging technologies.

Quantum computing: Quantum computing is becoming more mainstream as a viable option to digest and analyze vast amounts of data. Domains like cryptography, optimization, AI and machine learning are gaining momentum with advances in quantum technologies.

Sustainability Equilibrium: Environmental, Social and Governance (ESG) extends beyond traditional corporate social responsibility efforts today. By fostering creative approaches to address systemic issues, leveraging technology, data-driven insights and collaborative partnerships, companies can contribute to a more sustainable future for our planet.

Immersive Experiences: Augmented reality (AR) and virtual reality (VR) technologies create immersive experiences that transport users to new realms, blurring the lines between the digital and physical worlds. As technologies evolve, their versatility and potential can enrich user engagement, learning, creativity and interactions.

Supercharged Developer (also known as 10X Developer): 10X developers are known for their deep technical knowledge and expert proficiency in programming languages, frameworks and tools. Applying students may create tools that enable average developers to become supercharged developers.

Systemic and Algorithmic Innovation: This theme involves developing novel and efficient algorithms that address complex problems across various domains. Systemic and algorithmic innovation explores their ability to produce cutting-edge breakthroughs, trends and impacts on technology and society, along with processes and systems that can potentially reform industries.

Data: We live in a digital era where data creation has amplified exponentially. This influx has paved the way for transformative technologies that thrive on data-driven insights, adhering to ethical considerations and privacy regulations. Data is the cornerstone for personalized experiences, predictive analytics and process optimization across sectors.

Open Innovation: While there are ten themes, the technology landscape expands beyond them. Open innovation has emerged as a transformative paradigm, revolutionizing how organizations approach problem-solving. 

Teams may choose among these themes and technologies when creating their project demos.

"India's digitally skilled talent pool has grown synonymous with tech innovation in recent years, making it the home of some of the world's most talented youth in IT. At Unisys, we hold a steadfast belief in breakthroughs, underscoring the significance of a platform where emerging professionals can bring them to the forefront of India’s technology revolution,” said Sumed Marwaha, managing director of Unisys in India. “Our Unisys Innovation Program is focused on equipping the participants with the specialized technical skills of the future and enhancing their employability across the globe.”

Registration is open until February 15, 2024. About the Unisys Innovation Program:

Since its inception in 2009, the program has received submissions from over 76,500 students, solidifying its status as one of the country's highly anticipated technical competitions. Unisys received an astounding response in its 2023 edition of the program, with a record-breaking 7,327 registrants and over 700 abstract submissions from approximately 190 colleges.

About Unisys

Unisys is a global technology solutions company that powers breakthroughs for leading organizations worldwide. Our solutions – digital workplace; cloud, applications & infrastructure; enterprise computing; and business process – help our clients challenge the status quo and create new possibilities. To learn how we deliver breakthroughs for our clients – and have been pushing the possible for 150 years – visit unisys.com and follow us on LinkedIn. #Unisys150.

Voice Of The Adolescent Survey By Happiest Health reveals What Parents Should Do Differently

Health and wellness knowledge platform Happiest Health conducted ‘Are You Listening? – Voices Of the Adolescent Survey 2023’, a comprehensive research survey that voices the concerns of adolescents among 564 children, from Classes 8 to 12, across 22 schools in Bengaluru and Mumbai. The results highlighted the communication gap between parents, educators, and children in a world of increasing stress from technology and career pressure. The results were presented at the ‘Get Set, Grow! 2023: Children’s Wellness Summit. The study focused on screen time, extra-curricular activities, and adolescents’ relationships with parents and teachers in the two formative environments – home and school. 

At the ‘Get Set Grow! 2023: Children’s Wellness Summit’, experts from various fields discussed the findings. The eminent panel included Mr Akash Ryall, CEO of Bethany Education Institutions, Ms Maryanne Pais, HOD Psychology, St Joseph's College of Commerce, and Ms. Sulata Mitra, a parent, and Brand Influencer The Panel Discussion was moderated by Dr Sharon Rajkumar, Happiness and Wellness Evangelist, Happiest Health.

Mr Akash Ryall - CEO, of Bethany Education Institutions, Bengaluru said, "Some people think that children today are entitled, but they are impatient. If we practice qualities like forgiveness and humility at home, children will emulate whatever they see. We need to practice and demonstrate empathy, even as parents. This is especially true for children in the world of social media - everyone is so busy getting likes that they forget that people around them need help.”

With reference to their relationship with parents, what adolescents want most is an environment of trust and a non-judgemental listening ear. While most students were happy with their relationships with their parents, they expressed the desire for parents to spend more time with, trust, and understand them, listen openly, not compare them with others, and be included in family decisions. While 27% of them were comfortable talking to their parents about anything, nearly three-fourths expressed discomfort talking about critical issues like romantic relationships, sex, and sexuality.

Talking about the need to have open conversations, Ms. Maryanne Pais, HOD Psychology, St Joseph’s College of Commerce, emphasized that everyday behavior is also important. "We have to understand that conversations on sexuality are socially situated. We as adults are not comfortable talking to other adults. More important than telling children directly to have these conversations, is the everyday behavior around these topics. Creating a comfortable space for discussion is crucial." 

Schools form a crucial environment for adolescent growth, academically and in terms of social confidence. While students reported feeling safe and comfortable in school, they wished to be able to talk to teachers more openly and to have less homework. Among the respondents, 49% of students reported that they were unable to talk to teachers, feeling discomfort in sharing about their personal lives, academics, family problems, or friends. However, 35%  felt that they could talk to their teachers about anything. 58% of the students felt stressed by homework, and a greater number of girls than boys felt this way. When dealing with stress, adolescents mostly tend to go to parents, family, siblings, or friends, and alarmingly 14% of students had no one to go to when stressed.

The study found that more than 25% of high school students and 68% of higher secondary school students spend more than 2 hours on screens daily with the majority of content being focused on social media. Extra-curricular activities took a back seat as children went to higher classes, with less than an hour a day being spent, and one-third of the girls did not spend any time pursuing any extra-curricular activity.    

"Adolescence is a particularly difficult time for any person, and the institutions of parents, family, and school are critical in helping teenagers navigate these confusing times. Through this Voice of the Adolescent survey, we wanted to delve into their world and help the family and school understand their needs. At Happiest Health, we hope to bring home the importance of non-judgemental support to parents, caregivers, and teachers, to help create a nurturing and positive environment for growing up.", said Anindya Chowdhury, President & CEO, of Happiest Health.

IAN Group Appoints Sarika Saxena As Managing Partner At IAN Alpha Fund

IAN Group has appointed Sarika Saxena as Managing Partner, IAN Alpha Fund, a SEBI registered AIF Cat II, sector agnostic Venture Capital fund. Sarika brings extensive experience with a proven track record in startup and early stage investments.

Sarika brings over 25 years of diverse professional experience and having served in key & leadership positions across different organizations. Her investment portfolio has covered a range of sectors, including consumer, technology, fintech, edtech, etc both within the domestic and international markets. Her leadership has been instrumental in facilitating early-stage investments totaling ~USD 100 million and has overseen an AUM of around USD 300 million. Sarika brings critical value to the Fund with experience in scaling companies & M&A. 

Raman Roy, Co-Founder IAN, said, "We are thrilled to welcome Sarika Saxena as the new Managing Partner of IAN Alpha Fund. Her exceptional insights, extensive industry expertise, and unwavering commitment to early stage investing makes her a perfect addition to the top class team of current Managing Partners. We are confident that Sarika will not only accelerate our diversified investment strategy but also drive growth for the portfolio companies, the Fund invests in"

Sarika Saxena, Managing Partner at IAN Alpha Fund, said, "I am truly honored to be a part of IAN, an esteemed organization that has consistently led the industry as a pioneer for an impressive 16 years. I am excited to join the prestigious IAN leadership team and I look forward to utilizing my domain expertise, extensive global network, and multifaceted experience to drive the IAN Alpha Fund's success, both in India and on the international stage." 

IAN Alpha Fund

IAN Alpha Fund, a Rs. 1000 crores (US$125mn) SEBI registered AIF Category II VC Fund, is the second Fund in IAN’s series of Funds. It is being built to leverage the portfolios of both IAN Angel Platform and IAN Fund I apart from investing in innovative startups solving real problems for India and the world, with sustainable business models enabling scale by leveraging technology. With the IAN Alpha Fund, IAN continues its legacy of building a portfolio of high-quality companies by founders who not only understand the customer need but have leadership qualities to build a high quality management to build valuable businesses.

About IAN

IAN Group is the country’s single largest platform for seed and early stage investment platform with IAN Angel Group, BioAngels and IAN Fund I, the first in the series of VC Fund enabling entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores from quality investors who provide funds, mentoring and global market access. The platform brings money, mentoring from successful entrepreneurs and dynamic CEOs. The platform is sector-agnostic and has funded innovative start-ups across 19 sectors in India and 7 other countries, thereby growing the global footprint of companies. IAN has been listed by Forbes as one of iconic business and economic events of Independent India, over 75 years along with LIC, NASSCOM, RBI, Naukri.com amongst others. 

Bengaluru FC Welcomes Quest Global As Official Engineering Partners

* Blues Ink One-year Partnership with Singapore based Engineering Services Firm

Bengaluru FC have signed a partnership with Singapore based global engineering services provider Quest Global, the club announced today. The one-year deal will bring together the best in sports and engineering expertise. With Quest Global coming on board as the Blues’ ‘Official Engineering Partner’. The partnership is based on the two organizations’ shared culture of aspiration, hunger, and humility. 

“At Quest Global, our engineers embody our founder’s principles of aspiration, hunger, and humility.  In the BFC Football Club, its players, and fans, we found a perfect cultural match for our global team of 17,500+ who work to solve the world’s hardest engineering problems. The passion of Bengaluru FC fans, the hunger for victory displayed by players, and the aspiration embodied by the team is mirrored in the culture of our company,” said Shelly Latimore, Head of Global Brand for Quest Global.

Renowned for its excellence in providing engineering services across diverse sectors, including digital, supply chain, software, and mechanical, Quest Global believes   in going beyond engineering solutions, aspiring to build a brighter future. The company draws parallels with the fervor displayed by BFC players in every match, emphasizing their shared commitment to progress.

“We are thrilled to welcome Quest Global as our Official Engineering Partners. Their expertise in technology and engineering across various fields opens up a wide array of possibilities for Bengaluru Football Club and I’m looking forward to what this partnership holds in store for us,” said Blues’ Director of Football, Darren Caldeira.

In echoing the players' determination to win, Quest Global channels this same drive into their work, seeking excellence across the projects the company leads across the Healthcare, Rail, Aerospace and Defense industries, among others. This collective hunger for success fuels their innovative spirit, propelling them to overcome challenges and achieve business results.  With a nod to the humility exemplified by the BFC team, Quest Global underscores the power of collaboration and diverse perspectives. The company collaborates closely with customers, recognizing that impactful solutions often emerge from collective efforts.

About Quest Global

Founded in 1997, Quest Global is one of the world’s leading engineering research and development (ER&D) services companies. Quest Global believes engineering has the unique opportunity to solve the problems of today that stand in the way of tomorrow. For more than 25 years, the Company has strived to be the most trusted partner for the world’s hardest engineering problems. As a global organization headquartered in Singapore, the team at Quest Global live and work in 17 countries, with 67 global delivery centers and offices, driven by 17,500+ extraordinary employees who make the impossible possible every day. Quest Global delivers world-class end-to-end engineering solutions by leveraging deep industry knowledge and digital expertise. By bringing together technologies and industries, alongside the contributions of diverse individuals and their areas of expertise, Quest Global is able to solve problems better, faster. This multi-dimensional approach enables the team to solve the most critical and large-scale challenges across the aerospace & defense, automotive, energy, hi-tech, healthcare & medical devices, rail, and semiconductor industries.

About Bengaluru Football Club

Bengaluru Football Club (BFC) is one of the most popular and successful football clubs in India. The club was founded in 2013, and it has since won the Indian Super League (ISL) twice and the Federation Cup once. BFC has a large and passionate fan base, and it is known for its commitment to developing young Indian players. BFC is also a pioneer in the use of technology in Indian football, and it has been at the forefront of developing new ways to improve the fan experience. The Blues are also the first and only Indian club to play in the final of an AFC tournament, representing India in the final of the 2016 AFC Cup.

MIT Hosts TechTatva’23, "Catalyzing Evolution." A Symposium Of Innovation

The Manipal Institute of Technology, Manipal, today celebrated the inauguration of its renowned National Level technology fest, TechTatva’23, under the theme "Catalyzing Evolution." This fest promises to highlight the transformative power of technology and its significant impact on our world. TechTatva’23 is especially significant as it also commemorates the 125th anniversary of MIT's venerable founder, Dr. TMA Pai.

The ceremony witnessed a warm welcome by MCs Triya and Pragya, who encapsulated the spirit of the fest, emphasizing the institution's dedication to knowledge, innovation, and excellence. Cdr. Dr. Anil Rana, Director of MIT, welcomed the gathering.

TechTatva'23 is honored to host Mr. Rajeev Chandrasekhar, Minister of State for Skill Development and Entrepreneurship and Minister of State for Electronics and Information Technology, Government of India, an illustrious alumnus of MIT, as the Chief Guest. In his riveting speech, “It is an absolute honor for me to serve as the chief guest at this outstanding technological festival put on by Manipal Institute of Technology, MAHE. The energy, originality, and intelligence that permeate this institute are inspiring.  Events like this aim to inspire invention, promote teamwork, and get the next generation of engineers and innovators ready to take on the issues of the future, not only to display technical superiority.

I urge each and every one of you to keep discovering, studying, and coming up with new ideas. Never stop asking questions, trying new things, and getting better. Accept failure as a stepping stone to achievement.

I am certainly impressed by the talent and passion I have witnessed here. The projects, presentations, and competitions I have seen today reflect not just your hard work, but also your dedication to pushing the boundaries of what is possible. Remember, innovation knows no bounds, and your ideas have the potential to shape the future.

I want to express my gratitude to the faculty and the organizers for fostering these young brains and giving them a stage on which to display their talents. Your advice and assistance are greatly appreciated."

Cdr. Dr. Anil Rana, Director of MIT, addressed the gathering, highlighting the institute's vision and commitment to fostering an environment of innovation. Furthermore, the convenors of TechTatva’23, Vinamra Chaudhary and Manaswi Jadav, shared insights into their vision for the fest, emphasizing the confluence of ideas and evolution. The event's pinnacle was the official opening of TechTatva'23 by Shri. Rajeev Chandrasekhar, symbolizing the onset of a myriad of events, workshops, and competitions, each steering towards technological advancements.

Other esteemed personalities gracing the occasion included Dr HS Ballal, Pro Chancellor of MAHE, Lt. Gen. (Dr.) M. D. Venkatesh, Vice Chancellor, MAHE, Dr Narayana Sabhahit, Pro Vice Chancellor – Technology and Science, MAHE, Dr N N Sharma, Pro Vice-Chancellor – Strategy and Planning, MAHE. Mr. CG Muthana COO – Operations, MAHE, Dr. P. Giridhar Kini, Registrar, MAHE, Dr Vinod V. Thomas, Registrar Evaluation, MAHE, Cdr. Dr. Anil Rana, Director, MIT, Dr. Somashekhara Bhat, Joint Director, MIT, and Dr. Poornima Kundapur, Associate Director, Student Welfare, MIT. Each of them has played a crucial role in sculpting MIT's academic and extracurricular domain.

To express their gratitude and appreciation, the institution presented a token of appreciation to Shri. Rajeev Chandrasekhar. The ceremony concluded with a heartfelt vote of thanks by Paridhi.

Bank of India Signs An MoU With REC Limited To Co-Finance Loans Amounting To Rs. 30,000 Crore

Bank of India (BOI) signed an MoU with REC Limited to jointly explore the possibilities of funding projects in sectors such as Power, Infrastructure and Logistics under a consortium arrangement. BOI and REC will join hands to co-finance loans amounting to Rs30,000/- crore over the next few years.

Esteemed members such as Shri T.S.C. Bosh, Executive Director (Infra & Logistics), REC and Shri Nitin G. Deshpande, CGM (Corporate Credit), BOI signed the MoU in the presence of Shri Vivek Kumar Dewangan, IAS, CMD, REC and Shri Rajneesh Karnatak, MD & CEO, BOI. Shri Ajoy Choudhury Director (Finance), REC and other senior officials from REC and BOI were also present during the meet.

REC Limited, a 12th Maharatna CPSE established in 1969, under the Ministry of Power, provides long-term loans and other finance products for the Power Infrastructure segments comprising Generation, Transmission, Distribution, Renewable Energy and new technologies such as Electric Vehicles, Battery Storage, Green Hydrogen, etc. Recently, REC has diversified into the Non-Power Infrastructure segment comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure (Educational Institutions, Hospitals), Ports and Electro-Mechanical works related to various other sectors such as Steel, Refinery, etc.  The loan book of REC exceeds Rs4,54,393 crore.

Bank of India – a leading Public Sector Bank – has operations spread across the country and abroad. Founded in 1906, BOI is one of the largest Public Sector Banks in India with a Gross Global Business of Rs12,14,808 crore and a significant portfolio of assets funded under infrastructure and other sectors.

Investor Alert: 'Operation Farzi Bull Run' By Zee Business Unveils Market Manipulation

In recent times, the stock market has witnessed remarkable activity, with both institutional and retail investors interpreting the surge as a bullish trend. Zee Business’ extensive investigation on ‘Operation Farzi Bull Run’ has proved to be an eye-opener to investors and the general public about the perplexing/ complex surges in few loss-making & weak fundamental PSU (Public Sector Undertaking) stocks that gripped the Indian stock market.

Anil Singhvi, Managing Editor of Zee Business, through his extensive analysis, scrutinized the extraordinary activity in few small PSU shares. This has culminated in several stocks with suspect bull runs, now being subjected to lower circuit restrictions. In fact, the mid-cap and small-cap sectors, in particular, have experienced significant growth over the last six months.

Most notably, selected PSU stocks have displayed an extraordinary upswing, with gains ranging from 100% to a staggering 300% in just three months. However, while these stocks have exhibited substantial price movements, their underlying fundamentals often remain questionable.

Some of the key highlights of ‘Operation Farzi Bull Run’ are as follows:

·       Dubious Price Surges: ‘Operation Farzi Bull Run’ uncovered a systematic modus operandi, which emphasized on how select groups of investors have been manipulating the prices of government-owned shares that are already underperforming. These manipulations have led to unprecedented price hikes, leaving small, unsuspecting investors at risk.

·       Low Public Shareholding and Market Manipulation: Anil Singhvi also highlighted that the government owns a significant 90% of shares in state-owned companies where these manipulative activities are prevalent. The remaining 1% to 10% of shares are actively traded on the stock market. Owing to the low price of these shares, influential market participants and investors can easily amass substantial quantities, thereby gaining the power to dictate prices. This power is often used to lure smaller investors with the promise of lucrative returns, trapping them in a dubious cycle.

·       Uncovering the Deception: The ‘Operation Farzi Bull Run’ special report also highlighted the tricky trap into which regular investors fall into. It exposed the fraudulent tactics of the prominent investors behind this deception.

Upon investigation, there was a sharp correction of up to 10 per cent seen in these counters, which, until 10:30 am on Wednesday (October 18), were trading with gains of up to nine per cent. It further led to lower circuit in most of the stocks – i.e. a sharp decline was observed in Scooters India, MMTC, STC, Andrew Yule, KIOCL, FACT and HMT stocks.

Emphasizing on the far-fetched impact of ‘Operation Farzi Bull Run’, Anil Singhvi, Managing Editor, Zee Business said, "At Zee Business, we're committed to ensuring financial markets are transparent and honest. We initiated 'Operation Farzi Bull Run' with the sole purpose of protecting investors. The stock market's current dynamics are captivating, but appearances can be deceiving. It's imperative for investors to exercise prudence and conduct thorough research."

Madhu Soman, CBO of Zee Business and WION, further added, "At Zee Business, our investigative programming is a reflection of our pledge to inform, protect, and empower investors. ‘Operation Farzi Bull Run’ serves as a prime example of the tangible, real-world impact we aim to achieve. In fostering transparency and trust, our work not only benefits our viewers but also strengthens the integrity of the financial landscape."

‘Operation Farzi Bull Run’ is not just an investigation but has been able to raise an alarm for investors, regulators, and market participants to take action. It, in fact, underscores the significance of sound judgment and vigilance in a dynamic financial landscape.

Zee Media Corporation Ltd, one of India's leading media companies, has a strong presence in the news and regional genres, with 16 news channels in seven different languages, reaching more than 528+ million viewers through its linear and digital properties.