Saturday, January 13, 2024

LogiMAT India 2024 Roadshow In Bengaluru: Paving The Way For Transformative Logistics Solutions

As India anticipates the unveiling of the largest logistics, material handling, warehousing, and automation exhibition – LogiMAT India 2024, the industry gears up for a paradigm shift. The excitement builds as we approach the precursor roadshow in Bengaluru on January 16, 2024, hosted at Chancery on Lavelle Road. This strategic roadshow aims to stimulate insightful discussions, reveal innovations, and foster meaningful partnerships with industry leaders from top logistics and transportation management companies, setting the stage for a ground-breaking event.

LogiMAT India stands as the nation's premier platform dedicated to showcasing the latest advancements in logistics, material handling, warehousing, and supply chain solutions. Helmed by Messe Stuttgart India, this exhibition serves as a vital nexus, uniting industry leaders, professionals, and innovators. It provides valuable opportunities for business expansion and network growth, presenting state-of-the-art technologies poised to revolutionise the logistics and transportation management landscape.

Aligned with the Prime Minister's vision for the National Logistics Policy and Gati Shakti, LogiMAT India 2024 commits to offering a diverse range of solutions that focus on enhancing performance optimisation and ensuring cost efficiency. This dedication underscores LogiMAT India's commitment to shaping the future landscape of the logistics industry.

LogiMAT India 2024  also enjoys support from esteemed partners like Invest India, StartUp India, and industry associations, opening exhibitors and visitors to a world of opportunities. As businesses engage in the roadshow, they are encouraged to tap into growth prospects offered by LogiMAT, a platform with a renowned legacy in Europe's largest intralogistics exhibition.

Bangalore, often referred to as the "Silicon Valley of India," is not only a technology hub but also a booming centre for logistics, supply chain, warehousing, and automation, owing to the presence of tech and e-commerce giants. The city's Kempegowda International Airport, the third busiest cargo airport in India, facilitates efficient air freight movement. Leading logistics companies like DHL, FedEx, and Blue Dart have a strong presence, creating a competitive and mature market. Bangalore boasts over 20 million sq ft of warehousing space catering to diverse industries like e-commerce, pharmaceuticals, and electronics. The adoption of automation solutions like AGVs, robotics, and AI-powered logistics software is on the rise, improving efficiency and accuracy. Initiatives like the Karnataka Logistics Policy 2017 and the Smart Cities Mission aim to create a conducive environment for the sector's growth.

In light of Bangalore's burgeoning logistics sector, navigating the intricacies of infrastructure, technology, cost, and efficiency is indispensable for ensuring sustained growth. LogiMAT India, a pivotal player in the industry, undertakes the crucial task of mitigating these challenges by introducing a spectrum of cutting-edge international and domestic technologies. This not only presents a unique opportunity for exhibitors and visitors to witness innovative solutions but also serves as a catalyst for collaboration and the growth of businesses. By participating in LogiMAT India, companies in Bangalore can gain unparalleled access into the latest advancements, paving the way for expanded business horizons and access to transformative logistics and transportation management solutions. The upcoming roadshow provides a preview of the growth prospects that lie ahead, featuring prominent exhibitors who are poised to be instrumental in shaping the future of the logistics industry in Bangalore.

The LogiMAT India Roadshow in Bangalore is set to host an impressive line-up of industry leaders, offering attendees a unique opportunity to network and explore the latest technologies. Among the distinguished exhibitors are pioneers in warehouse robotics, Accio Robotics, known for enhancing efficiency and agility in order picking. Armes Maini, leading manufacturers of industrial storage racks, will be showcasing their expertise. IDEC Controls India, specialises in Factory Automation, will present control devices for various mechanisms and manufacturing sites. Cognex India, leaders in vision systems, software, and sensors, will unveil technology solutions for logistics and manufacturing. Jungheinrich, a global leader in intralogistics, will showcase cutting-edge solutions for efficient material handling. Nilkamal Ltd., a stalwart in material handling and storage solutions, will offer a comprehensive range of products designed for optimum efficiency. This curated lineup ensures that attendees gain exclusive access to innovations and insights that set LogiMAT India apart as a platform providing unparalleled opportunities for engagement with industry leaders and exposure to the latest technologies.

Nilkamal Limited expressed their pride and enthusiasm in joining this LogiMAT India 2024, stating, "Proud to announce our collaboration with LogiMAT India! This partnership elevates Nilkamal Limited's industry presence, providing a valuable platform for networking with like-minded companies. Excited to showcase our innovative solutions and products, we look forward to highlighting our contributions and exploring growth opportunities." This signifies Nilkamal's commitment to leveraging the collaborative environment of LogiMAT India to not only showcase their products but also to engage in meaningful networking and contribute to the overall growth of the industry.

The roadshow promises an insightful experience, delving into the intricacies of global logistics expertise brought to the Indian landscape through LogiMAT India. It serves as a benchmark for the logistics and transportation management industries in India, aiming to propel the growth of businesses participating in LogiMAT India and making the most of this transformative platform.              

Register today to attend the LogiMAT India Roadshow in Bengaluru at .

About LogiMAT India:

LogiMAT India is the satellite show of Europe’s biggest intralogistics exhibition, LogiMAT Stuttgart. Organised by Messe Stuttgart India Pvt Ltd, it is a leading international trade fair for intralogistics solutions and process management with a world-class reputation making its debut in India between 28 February – 01 March 2024 at IEML, Delhi NCR. With a focus on innovation and technology, the event provides a comprehensive platform for industry professionals to explore the latest trends and advancements in the intralogistics, transportation, warehousing and automation sectors.

About Messe Stuttgart India:

Messe Stuttgart India Pvt. Ltd. is the wholly owned subsidiary of Landesmesse Stuttgart GmbH and is poised to become a dominant force in the Indian trade fair and exhibition industry. Messe Stuttgart India is committed to fostering invaluable business connections and ignite growth, underpinned by a dedication to curate and organise world-class trade events that converge industry leaders, innovators, and stakeholders across diverse sectors.

Messe Stuttgart India’s portfolio of events stands as a testament to its mission - to create substantial opportunities for businesses to exhibit their products and services, establish connections with prospective partners, and remain at the vanguard of their respective industries. At the heart of Messe Stuttgart India’s endeavours lies a focus on excellence, a dedication to delivering extraordinary experiences, and a vision to serve as a steadfast ally in orchestrating successful trade fairs and exhibitions throughout India.

Medi Assist Healthcare Services IPO: Issue Opening On January 15, Sets IPO Price At Rs 397-418

Investors can bid for a minimum of 35 shares, and the IPO comprises an offer-for-sale (OFS) of 2.8 crore equity shares by selling shareholders

Bessemer Ventures and Investcorp-backed Medi Assist Healthcare Services, a provider of third-party administration services to insurance companies, is gearing up for its upcoming initial public offering (IPO), marking the second IPO of the year. 

Scheduled to open for subscription on January 15 and closing on January 17, the IPO price band is set at Rs 397-418 per share. The anchor book, part of the qualified institutional buyers (QIB) portion, will open on January 12. 

Investors can bid for a minimum of 35 shares, and the IPO comprises an offer-for-sale (OFS) of 2.8 crore equity shares by selling shareholders, with no fresh issue component.

The selling shareholders in the OFS include Promoters Dr Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital LLC, and Investcorp Private Equity Fund I. Notable individuals such as Vivek Pandit, Rahul M Khanna, Shankar Rao Palepu, Pramod Manohar Ahuja, Keshav Sanghi, Amitkumar Gajendrakumar Patni, Arihant Patni, Jyoti Ahuja, and Ranjan Surajprakash Sanghi will also participate in the OFS. Promoters Dr Vikram Jit Singh Chhatwal and Bessemer Health Capital LLC will exit the company by selling their entire personal shareholding via OFS.

With a substantial market share in the retail and group health insurance segments, Medi Assist Healthcare Services acts as a crucial intermediary between insurance companies, policyholders, healthcare providers, and government health schemes. 

The Bengaluru-based company, working with 35 insurance companies globally, boasts a pan-India healthcare provider network and recorded impressive financials in FY23, with a net consolidated profit of Rs 75.3 crore and revenue from operations at Rs 504.9 crore. While its net profit for H1 FY24 declined to Rs 24.3 crore, revenue from operations increased to Rs 301.9 crore.

The IPO shares' basis of allotment will be finalized by January 18, and eligible investors can expect the equity shares to be credited to their demat accounts by January 19.

Medi Assist Healthcare IPO Reservation:

QIB Shares Offered: Not more than 50% of the Net Issue

Retail Shares Offered: Not less than 35% of the Net Issue

NII (HNI) Shares Offered: Not less than 15% of the Net Issue

Trading in Medi Assist IPO shares is scheduled to commence on BSE and NSE from January 22, adhering to the T+3 timeline. 

Axis Capital, IIFL Securities, Nuvama Wealth Management, and SBI Capital Markets are the book-running lead managers for the public issue.

Friday, January 12, 2024

Coca-Cola Makes Strategic Business Transfers In India, One Of Its Largest Growth Markets

* Company-Owned Bottling Operations in Select Territories to be Refranchised to Local Partners

Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), a subsidiary of The Coca-Cola Company, today announced the transfer of bottling operations in three territories.

The Rajasthan market will be owned and operated by Kandhari Global Beverages (which comprises Enrich Agro Food Products Pvt. Ltd. and Kandhari Beverages Pvt. Ltd.). They are currently operating in parts of Delhi, Himachal Pradesh, Haryana, Punjab, Chandigarh, Jammu & Kashmir, Ladakh.

The Bihar market will be owned and operated by SLMG Beverages Pvt. Ltd.. They are currently operating Uttarakhand, parts of Uttar Pradesh, Madhya Pradesh, and Bihar.

The North-East market and select areas of West Bengal will be owned and operated by Moon Beverages Pvt. Ltd.. They are currently operating parts of Delhi and Uttar Pradesh.

“This business transfer marks a significant decision for Hindustan Coca-Cola Beverages,” said Juan Pablo Rodriguez, CEO, HCCB India. “It ensures the right level of investments can be undertaken in all parts of the business, while bringing both scale and contiguity to the business.  We are in the long-term growth prospects of our beverages business in India and believe this move will help accelerate the Coca?Cola system, enabling us to win in the market and provide greater value to local communities.”

HCCB, along with the partner bottlers/franchise bottling partners, are committed to working together to implement a smooth transition with minimal disruption for customers, consumers and employees.

"We are committed to building stronger and more sustainable local businesses in India,” said Sundeep Bajoria, Vice President, India Operations, for Coca?Cola India. “As we set ourselves for further growth in the Indian market, these transfers will direct investments into innovation, infrastructure, technical capabilities, talent acquisition and business expansion while strengthening existing capabilities to deliver unparalleled beverage experiences to our consumers.”  

The goal of the Coca-Cola system in India is to become a world-class production and sales organization, and the refranchising of bottling operations is focused on streamlining the supply chain in the region and raising the bar on execution.

About Hindustan Coca-Cola Beverages Pvt. Ltd.

HCCB was incorporated on February 14, 1997. Since then, HCCB has come a long way in being able to serve 25 lakh retailers, 3,500 distributors, and 6,000 employees. 250,000 farmers grow the agricultural produce that HCCB uses in making its products. The company is headquartered in Bangalore and its operations are spread in 22 states, 3 UTs, and 376 districts in South, West, and Eastern India. Through its 16 factories spread across India, it manufactures and sells 60 different products across 7 categories. Its products include some of India’s most loved beverages - Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, Fanta, and a lot more. 

Tata Passenger Electric Mobility Commences Production At Its State-Of-The-Art New Facility In Sanand, Gujarat

~ Rolls out its first car from the new assembly line ~

Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors, India’s leading automobile company, today announced the start of production of passenger vehicles from its new factory in Sanand, Gujarat. This event marks a significant milestone for the company and was celebrated with the roll-out of the first Tata branded car from this world class facility, in the presence of TPEM Managing Director, Shailesh Chandra and the leadership team from the Passenger and Electric vehicles businesses.  

Chandra and the leadership team from the Passenger and Electric vehicles businesses.  

Commenting on this momentous occasion, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Limited & Tata Passenger Electric Mobility Limited said, “Witnessing the first car roll out of the new TPEM facility in Sanand is a proud moment for us. We have successfully retooled the factory in the shortest span of 12 months, taking it to new level to accommodate a wide range of existing products and future new models to come. I extend my heartfelt gratitude to the Government of Gujarat for its wholesome support and our employees without whom this accomplishment would not have been possible. I am confident that this facility will play a pivotal role in steering Tata Motors, especially TPEM, towards achieving newer feats.”

He further added,” Tata Motors Passenger & Electric Vehicles business has delivered market beating growth over the last few years. We have strong plans to sustain this momentum, with our robust pipeline of future ready “New Forever” products and proactive investments in electric vehicles. With existing capacities near saturation, this new facility will unlock an additional state-of-the-art manufacturing capacity of 300,000 units per annum which is scalable to 420,000 units per annum.”

Situated in the industrial hub, GIDC Sanand with access to a strong network of suppliers, this new facility was acquired from Ford India, on January 10, 2023. Spread across 460 acres, it will be Tata Motors’ second plant in Gujarat to manufacture ICE and EV models. The plant houses four main shops - Stamping, Body construction, Paint and Final assembly shop and they are equipped with high level of automation and latest technology, to ensure precision manufacturing. This facility has implemented several world-class technologies that will set a new benchmark within the industry.

Major retooling and tech upgrades include:

Press shop – New dies for stamping critical skin panels

Weld shop – Modification of all lines with additional robots, new grippers and fixtures have been added

Paint shop – Modification of handling systems, external robot programming, internal robotic painting and waxing set up

Assembly shop – Modification of handling systems and end of line system

The plant currently has more than 1000 employees (includes staff and technicians) and will create 1000 additional jobs in the next 3 to 4 months in the region, in line with the production ramp up plans. Tata Motors has invested in upskilling its workforce by providing them with Diploma, Bachelor of Engineering and Master’s Degree, as applicable. In line with Tata Motors’ commitment to sustainability, 50 KW solar rooftop is installed in the plant. This is a water neutral plant and is expected to be water positive by December 2024.

About Tata Passenger Electric Mobility (TPEM):

Tata Motors leads the electric mobility revolution in India and is committed to making e-vehicles more accessible. Tata branded EVs (cars & SUVs) are highly appreciated for their powerful performance, zero emissions, connected features and low operating costs. Being an early advocate of ‘EVs is the future of mobility’ and understanding the criticality of an enabling ecosystem to realise it, select Tata Group companies have collaborated under ‘Tata UniEVerse’ to jointly accelerate the acceptance and adoption of EVs. Tata Passenger Electric Mobility Ltd., a subsidiary of Tata Motors with TPG Rise Climate as an investor, aims to invest $2 billion by 2026 to launch 10 new electric vehicles, build a dedicated BEV architecture, support local manufacture of key components and development of advanced automotive and battery technologies. It also intends to catalyse the creation of a widespread charging infrastructure as well as growth of other infrastructure to facilitate rapid EV adoption in India.

Micron Foundation Partners With UNICEF And Local Nonprofits To Empower Underrepresented Children In India

* New partnership with UNICEF supports pathways to empowerment for vulnerable young people from Karnataka and Telangana

Micron Technology, Inc. (NASDAQ: MU) today announced a key partnership between the Micron Foundation and UNICEF India aiming to build interest in science, technology, engineering and mathematics (STEM) education for children from rural and low-income communities. The Micron Foundation’s $408,000 USD grant will fund UNICEF programs focused on strengthening systemic approaches to fostering STEM learning and 21st-century skills for vulnerable children and youth in Karnataka and Telangana, with a special focus on supporting girls.

With this support, UNICEF will partner with schools across Karnataka and Telangana to improve Atal Tinkering Labs (ATLs) and set up low-cost makerspaces in schools to increase girls’ engagement with STEM education. The grant will help UNICEF strengthen ATLs by providing some of the funding necessary to build capacity and support for teachers, engage with volunteers to mentor students, and organize knowledge-sharing and workshops to expand girls’ access to STEM education. By supporting UNICEF in its makerspace efforts in Telangana and Karnataka, the Micron Foundation will help create a customized design of low-cost makerspaces, enabling UNICEF to reach 20,000+ students in the two states by March 2025.

UNICEF will also enhance their Passport to Earning (P2E) platform, allowing girls and other marginalized groups in India to expand their access to key 21st-century skills, helping to ready them for success in the modern world. The Micron Foundation’s funding will help UNICEF increase P2E’s outreach to vulnerable groups in India, in part by translating and contextualizing courses into additional languages to help expand access to traditionally underserved youth.

The partnership announced today bolsters Micron’s long-term commitments in India. The company and the Micron Foundation both aim to deepen their community impact as Micron’s operational footprint in India continues to grow, following the June 2023 announcement of Micron’s plans to build India’s first semiconductor assembly and test facility for memory and storage with an initial investment of $800 million.

“UNICEF’s work will help to provide access to STEM and 21st-century skills for vulnerable children and youth, especially girls, and encourage them to pursue STEM education and careers,” said Micron Technology President and CEO, and Chairman of the Micron Foundation, Sanjay Mehrotra. “Micron’s innovations touch the lives of nearly every human being on the planet, and we feel a sense of responsibility to invest in our people and our communities.”

“UNICEF works to improve education opportunities in India, and Micron’s partnership with them exemplifies our commitment to long-term impact in the communities where we live and work,” said Micron Managing Director in India Anand Ramamoorthy.

“Young people have highlighted in several consultations how 21st-century skills are critical for their future,” said Chief of YuWaah (Generation Unlimited in India) at UNICEF Dhuwarakha Sriram. “Together with Micron, UNICEF is harnessing the power of technology and forging public-private-youth partnerships to strengthen the skilling ecosystem for young people to realize their full potential. Our partnership marks a pivotal step towards equipping young people, particularly the most marginalized and girls, with access to 21st-century skills and learning pathways through the Passport to Earning (P2E) initiative. This will also equip them with the knowledge necessary to make informed decisions about their lives and livelihoods.”

Expanding access to education and opportunities through additional regional partnerships

In addition to the partnership with UNICEF, over the last several months, the Micron Foundation has invested in other nonprofits across India to expand access to education and critical life skills. These investments include:

Teach For India

With a special focus on Gujarat, the Micron Foundation is supporting Teach For India’s efforts to develop a strong pipeline of STEM teachers to ensure students receive the academic foundations and the 21st-century skills required to succeed in the workforce of the future. Our support will allow Teach For India to reach 15,000 students in the 2023 – 2024 school year.

Udayan Care

The Micron Foundation is working with Udayan Care to support children aging out of childcare institutions and alternative care programs with opportunities and access to resources for skilling and economic empowerment. The program is implemented in Gujarat and Delhi and will directly support over 400 children and vulnerable youth.

SOS Children’s Villages of India

The Micron Foundation will support SOS Children’s Villages of India in their efforts to provide education sponsorship support for nearly 100 vulnerable children to continue their education and build pathways to economic empowerment.

UN Women

The Micron Foundation supports UN Women’s ‘WeSTEM’ program, which aims to empower women in science, technology, engineering and mathematics. The initiative is focused on motivating and supporting 1,000 young women who are already enrolled in higher or vocational STEM education courses in select tribal areas of Madhya Pradesh, India. The program will enhance their employability skills, especially looking towards jobs of the future, and improve their access to higher education, internships, apprenticeships and decent job opportunities in STEM industries.

Providing equitable opportunities and enriching the communities where Micron’s team members live and work are priorities of the Micron Foundation. These partnerships and other investments help increase and improve access to STEM education and opportunities for historically underrepresented and vulnerable groups. 

About Micron Technology, Inc.

We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit

Since its founding in 1999, the Micron Foundation has contributed over $180 million USD through philanthropy and people to communities where our team members live and work. The Foundation and Micron's corporate giving are driven by the Micron Gives organization with grants, programs and volunteer efforts focused on promoting science and engineering education and addressing basic human needs.

Save On Your Holiday Or Stopover To Dubai This Winter With Emirates

Enjoy complimentary entry to the Museum of the Future and Atlantis Aquaventure when you fly to Dubai before 31 March 2024. You can also enjoy free entry tickets when you add a stopover in Dubai of 8 hours or more. 

The Museum of the Future is the newest jewel in the Dubai skyline where you’ll be transported into the world 50 years from now. And you can cool off on the slides and rides at Atlantis Aquaventure, the world’s largest waterpark.  

It’s always sunny in Dubai

Soak up the sun on beautiful beaches, shop at huge malls, and dine at incredible restaurants in Dubai. You can’t miss famous sights like the world’s tallest building, the Burj Khalifa, Dubai Mall, the Dubai Frame and more. 

Claim your free tickets

Book flights to Dubai or add a stopover of 8 hours or more between 12 January and 1 February, for travel between 15 January and 31 March 2024.  

When you book on page in the same tab), use the code EKDXB24. We’ll send you two unique codes, one for each venue. Use them to book free tickets directly with the attraction for everyone in your flight booking by 5 April 2024. 

If you book with a travel agent, Emirates call centre or ticketing office, send an email to with the following details at least 96 hours before you travel:

Passenger names (only passengers under the same booking reference) 

Your booking reference

Arrival date in Dubai

Your contact phone number 

Your email address to receive the codes

Enjoy more offers with My Emirates Pass

Take advantage of hundreds more offers in Dubai and the UAE with My Emirates Pass(Opens page in the same tab) until 31 March 2024. Show your Emirates boarding pass at participating restaurants, spas, activities and more to access exclusive offers and discounts. 

Earn and spend with Emirates Skywards

Remember to add your Emirates Skywards membership number to your booking to enjoy even more privileges and benefits. If you’re not a member of our loyalty programme, sign up for free(Opens page in the same tab) to get the best out of your trips. 

Infosys Reported A Tad Better-Than-Expected Operating Performance For Q3, 2023-24

Infosys reported a tad better-than-expected operating performance for Q3. Revenue declined 1.2% QoQ to USD4.66bn (1% in cc) due to weak discretionary spending, further accentuated by lower volumes because of higher furloughs. EBITM fell 70bps QoQ to 20.5% due to wage hikes (effective 1-Nov-23), cyber security incident partially offset by margin-improvement initiatives under Project Maximus, and currency benefits. Large deal TCV stood at USD3.2bn, with 71% net new (9MFY24 – large deal TCV of USD13.2bn, up 70% YoY; net new TCV of USD7.2bn, up 106% YoY). Infosys has tightened its FY24 revenue growth guidance to 1.5-2% CC (from 1-2.5%), implying -1.5% to 0.5% sequential growth in Q4. As per management, the demand environment is largely unchanged, with cost takeout and consolidation deals continuing to see traction. We expect growth to accelerate in FY25 on account of ramp-up of large deals, strong deal pipeline, and expected recovery in discretionary spending. We tweak FY24-26 EPS estimates by under 1%, factoring in Q3 performance. We retain BUY with an unchanged TP of Rs1,850 at 25x its Dec-25E EPS.

Results Summary

Infosys reported a revenue dip of 1.2% QoQ (down 1% QoQ in CC) to USD4.66bn in Q3, broadly in line with our estimate of USD4.64bn. Third-party items bought for service delivery increased further by 80bps QoQ/140bps YoY, reflecting increased contribution from pass-through revenue. EBITM declined 70bps QoQ to 20.5% compared with our estimate of 20.3%. Margins were impacted by wage hikes effective 1-Nov-23 (-70bps) and cyber security breach at Infosys McCamish (-60bps), partially offset by Project Maximus-led cost optimization (50bps) and currency benefits (10bps). Among verticals, the laggards were Retail (-5.1% QoQ), Life Sciences (-3.7%), Hi-Tech (-2.4%), Communications (-1.2%), and Financial Services (-0.1%), while EURS (+1.9%) and Manufacturing (+3%) reported growth. Europe continued to do well, with 5.2% QoQ growth, while revenue from North America declined 4.6% QoQ. Headcount declined 2% QoQ to 322,663. Deal wins were healthy at USD3.2bn (71% net new and 1 mega deal), with transformation deals remaining out of favor. What we liked: Strong deal intake, progress on margin-improvement initiatives under Project Maximus and moderation in LTM attrition to 12.9%. What we did not like: Continued weakness in North America, BFSI, Communication, and Hi-Tech.

Earnings Call KTAs

i) Clients remain cautious and focus more on cost-optimization programs. ii) The number of digital programs in the deal pipeline is low, whereas the number of cost takeout and vendor consolidation programs is relatively high. Further, GenAI has garnered significant interest and traction, despite lower revenue currently. iii) CME clients continue to face growth challenges, thus putting pressure on opex. Clients are focusing on conserving cash, leading to a delay in decision-making and project deferrals. iv) Manufacturing is witnessing good traction due to new deal wins and the ramp-up of large deals. While the budget remains largely stable, clients continue to find ways to channel run savings into newer areas like digital, cloud, data, and IoT. v) Cost takeout and vendor consolidation programs are driving spends in the retail segment. The deal pipeline remains strong, although the decision cycle stays long. vi) Budget discussions are currently underway and management does not see any material changes so far. vii) Infosys acquired InSemi Technology Services, a leading semiconductor design and embedded services provider, for a cash consideration of Rs2.8bn (EV/Sales: ~1.8x). viii) Utilization (ex-trainees) rose ~90bps QoQ to 82.7% in Q3 and management sees further scope of improvement. 

Infosys signed 23 large deals in Q3, including 1 mega deal, split across geographies (10 in America, 9 in Europe, 3 in ROW, and 1 in India) and verticals (8 in Manufacturing, 6 in BFSI, 4 in EURS, 2 each in Communications and Retail, and 1 in Others). 

Samsung Opens A Portal To New Mobile AI Possibilities In Las Vegas On Sphere’s Exosphere, Before Unpacked 2024

In anticipation of Galaxy Unpacked on January 17, Samsung is teasing new mobile AI-powered capabilities.

To celebrate the new era of Galaxy innovations, Samsung teamed up with Marvel Studios’ “What If…?” Season 2 for an epic takeover of Sphere’s giant exterior LED display on January 8.

Featuring Doctor Strange, the Las Vegas skyline lit up to hint at new mobile AI capabilities coming soon to Galaxy users worldwide. Just as Marvel’s renowned character Doctor Strange discovers new portals of endless possibilities, Galaxy AI will enable discovery in a whole new way.

“We are ushering in a new era of innovation at Galaxy Unpacked, introducing AI experiences on mobile like never before,” said Stephanie Choi, EVP & Head of Marketing of Mobile eXperience Business at Samsung Electronics. “Galaxy AI will empower users in every facet of life. This campaign teased one of the ways we are evolving and pioneering mobile technology through a special collaboration with a long-standing tech industry partner, which will be revealed soon.”

A new era is coming with Galaxy AI. Tune into Galaxy Unpacked on January 17.

Link to video:

IIITB’s Competitive Programming Course Witnesses Massive Student Enrollment

In a remarkable display of enthusiasm, 40% of the student population at International Institute of Information Technology Bangalore (IIITB) has registered for the institution's newly launched value-added course in competitive programming. The course inaugurated by IIITB alumni Aditya Paliwal and Simran Dokania, both prominent figures in the tech industry, aims to equip students with fundamental problem-solving skills crucial for excelling in technical interviews and becoming industry-ready.

Aditya Paliwal, Quantitative Researcher at Citadel Securities, and Simran Dokania, Staff Software Engineer at Rippling, demonstrated the significance of problem-solving skills in the face of rapid advancements in artificial intelligence technologies, such as OpenAI's ChatGPT. They showcased how even sophisticated AI solutions can falter, emphasizing the need for human problem-solving capabilities.

The course, led by renowned instructors Prof. V N Muralidhara and Prof. Vivek Yadav has garnered 550 registrations, making it the most popular course at IIIT Bangalore. Both instructors are distinguished in competitive programming and coached Aditya and Simran to represent India at the World Finals of the prestigious ICPC in 2017 and 2018.

Prof. V N Muralidhara, an expert in competitive programming, emphasized, "Mastering algorithms through competitive programming is a cornerstone for innovation. Competitive programming lays a robust technical groundwork essential for a thriving IT career."

On the practical aspects, Prof. Vivek Yadav noted, "Competitive programming teaches you to write more efficient code. Quick thinking in competitive programming translates to faster software development."

Aditya and Sirman shared their perspective, "Tackling complex problems in competitive programming prepares you for advanced AI technologies." This sentiment resonates with the mission of the course, providing students with the tools necessary to excel in the ever-evolving landscape of artificial intelligence.

As the demand for skilled professionals in AI continues to rise, IIITB’s initiative to blend competitive programming with AI education proves to be a strategic move, ensuring that students are not only equipped with theoretical knowledge but also possess the practical problem-solving skills crucial for success in the industry.

About IIIT-Bangalore

IIIT-Bangalore is a premier institute focused on Post-Graduate IT education and research, located in the heart of Electronic City, Bangalore. IIIT-Bangalore is graded A+ by National Assessment and Accreditation Council (NAAC). In the National Institutional Ranking Framework (NIRF) for 2022, IIIT-B has secured 74th ranking. The institute was ranked number 1 among India's Best Technical Universities (Private) by India Today. IIIT-Bangalore contains state-of-the-art infrastructure, eminently qualified faculty, a vibrant alumni community, cutting-edge research facilities, and close industry collaborations.

The institute’s specially designed courses make the students cognitive of the current technologies. Experiential learning and practices followed in the institute equip them with the tools and knowledge to solve contemporary real problems. IIIT-Bangalore has consistently achieved excellent placement records every year since its establishment in 1998, thanks to the unwavering support of the industry and the expanding pool of highly skilled alumni.

For more details, log onto

AU Small Finance Bank Strengthens Presence In Bengaluru With 9th Branch Launch In Malleswaram

Building on the remarkable success of its initial branches in Bengaluru, AU Small Finance Bank (AU SFB), India’s largest SFB, is entering the next phase of expansion in the city. Today, signifies the inauguration of its 9th branch at Malleswaram, Bengaluru, with five additional branches in the pipeline for this fiscal year.

Over the last two years, AU SFB has received immense appreciation for its innovative banking products and services in Bengaluru. The inauguration of the Malleswaram branch underscores the bank’s dedication to addressing the evolving banking needs of the tech-savvy community in Karnataka.

The strong economy of Karnataka makes it significant market for the banking segment, offering high potential of deposits and credits. As per Economic Survey 2022-23, Karnataka offers fourth largest deposit market worth Rs 13,82,552 crores and fourth largest credit market worth Rs 8,88,922 crores. Bangalore alone contribute to around Rs 9 lakh crores of deposits of the State and remains a key city in AU SFB’s expansion plan in South India.

On Malleswaram branch inauguration, Uttam Tibrewal, Executive Director, AU Small Finance Bank, said, “As a customer-centric bank, we strive to serve customers in Karnataka with our unique proposition while fostering long-term relationships.

We aim for the customers in Bengaluru to enjoy the advantages of our flagship features, such as monthly interest payout on savings accounts, extended banking hours, 24x7 video banking, along with meticulously crafted wealth management products. To date, the positive response and trust from our tech-savvy clientele have instilled confidence in us to extend our presence. AU SFB aims to expand its footprint strategically and progressively in Bengaluru and other Southern states over the next few years.”

As of December 2023, the Southern region has surpassed Rs 3,000 crore in the deposit book of AU SFB, instilling confidence of AU SFB to scale up its operations in South India. With 19 operational branches already in place, including the recent initiation in Coimbatore, AU SFB is set to fulfill its promising expansion plans in the South. The bank aims to reach approximately 37 branches in South India by March 2024.

About AU Small Finance Bank

AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and a Fortune India 500 Company. Starting its journey from the hinterlands of Rajasthan, today AU SFB is the largest Small Finance Bank with a deep understanding of the rural and semi-urban markets that has enabled it build robust business model facilitating inclusive growth.

With 28 years legacy of being a retail focused and customer-centric institution, AU SFB started its banking operations in April 2017 and as on 30th Sep 2023, it has established operations across 1,042 banking touchpoints while serving 44.3 Lac+ customers in 21 States & 3 Union Territories with an employee base of 28,523 employees.

As on 30th Sep 2023, the Bank has a net worth of ? 11,763 Crore, deposit base of ? 75,743 Crore, Gross Advance of ? 65,029 Crore and a Balance sheet size of ? 95,977 Crore. AU SFB enjoys the trust of marquee investors and is listed at both the leading stock exchanges viz. NSE and BSE. It has consistently maintained high external credit Rating from all major rating agencies like CRISIL, CARE Ratings and India Ratings.

Website: | Twitter: @aubankindia | Facebook: AU Small Finance Bank | LinkedIn: AU Bank.

Thursday, January 11, 2024

JLR India Has Reported Their Achievement On Securing Three Consecutive Quarters Of Record Sales

Financial year-to-date:

* Best nine-month retail sales ever, at 3,582 units and a YoY growth of 93%

* Defender sales stand strong with 150% YoY increase while Range Rover sees incredible growth of 250% in the same period

* Total order book remains strong with a growth of 92% vs the same period last year

Quarter ending 31 December 2023:

* Strong performance delivered in Q3 FY24 with 74% YoY growth 

* Range Rover Velar records highest growth in Q3 with 183% YoY increase in sales

JLR India reported three consecutive quarters of record sales, selling 3,582 units and experiencing a remarkable year-on-year (YoY) growth of 93% in the nine-month period ending 31 December 2023. Range Rover and Defender continue to lead with a YoY increase of 250% and 150% (YTD), respectively, contributing to over 75% of the current order book.

JLR India achieved 74% YoY growth in the third quarter of FY24, achieving retail sales of 1,226 units. The newly launched 24MY Range Rover Velar showcased an outstanding YoY growth of 183% in the quarter, significantly bolstering sales in the period.

Mr. Rajan Amba, Managing Director, JLR India, said, “Over the past nine months, JLR's progress in India has been characterized by consistent and substantial growth. Each quarter has shown an impressive year-on-year surge of nearly 100%. The burgeoning order bank and continuous order intake signal a robust demand, underscoring promising future prospects. We are pleased to see that the eagerly awaited Range Rover BEV has generated significant interest among clients across the country, and with our upcoming launches this quarter, we are poised to sustain our remarkable growth trajectory in India."

The order book at the end of Q3 FY24 remains strong with a YoY growth of 92%. The current total order book covers more than eight months of sales and is seeing a consistent increase month-on-month.

JLR’s certified pre-owned business grew by 74% YTD versus the same period last year, reflecting the growing demand and the equity of JLR brands in India.

Ather Announced New Prices For Its Entry Variant Scooter - the 450S At INR 1.09 Lakh

* The Ather 450S Now At INR 1,09,000

~ Targeting aggressive growth in Tier 2 and 3 markets, Ather revises the prices of the Ather 450S

~ Ex-showroom price is now INR 1,09,000 in Bangalore and as low as INR 97,500 in Delhi

~ The Ather 450S now available at a compelling price point, making it accessible to more consumers

Ather Energy, India's leading electric scooter manufacturer, announced new prices for its entry variant scooter - the 450S. In a move to make the scooter more accessible to a wider audience, Ather is offering the Ather 450S at a starting price of INR 1,09,000 in Bangalore and INR 97,500 in Delhi. Built on Ather’s best-selling 450 platform, the 450S offers segment-leading performance and technology compared to 125cc petrol scooters and EV scooters like category-leading torque & acceleration, India's first Deep View Display Dashboard, a 5 year battery warranty and more.

Commenting on the revised pricing for the 450S, Ravneet Singh Phokela, Chief Business Officer at Ather Energy, said, “Ather is embarking on an aggressive growth journey to tap into the growing demand for electric scooters. To meet this demand, we are adding about 100 retail touchpoints this quarter taking our total touchpoints to 350. Along with this, we have reintroduced our entry level scooter - the 450S at a very compelling price point that appeals to a wider set of buyers. The Ather 450S at this new price makes for a strong value proposition, bringing the quality & assurance of Ather at a more accessible price point.”

The 450S, designed and built in India from scratch, comes with a battery capacity of 2.9 kWh, an IDC range of 115km, a 0–40 acceleration of 3.9 sec, and a top speed of 90 km/h. It has a 7-inch DeepViewTM Display with a 1000:1 contrast ratio, industry-first auto-brightness, and 18-segment characters providing superior readability any time of the day. Also, a safety feature like FallSafe™ can detect changes in the scooter’s speed, orientation, and acceleration when the rider is about to fall over. Further, Ather brings the ‘Emergency Stop Signal’, a regulation in Europe, to the Indian market and coasting regen, which improves range by up to 7%. As a first in the industry, the  inbox-to-scooter feature delivers destination addresses from other apps (like WhatsApp/ Telegram/Instagram DM etc.) directly to the Ather dashboard via the Ather app. 450S buyers also have the option to choose the Pro Pack over the core configuration, which unlocks Ride Assist, Ather battery protect, AtherStack updates, and Ather Connect (free for 3 years) at an additional cost of INR 10,000.

Ather also provides a Battery Protect that extends battery warranty to 5 years/60,000 kms. This industry first warranty program not only covers battery failures but also guarantees a minimum of 70% state-of-health for the battery at the end of 5 years. With this, owners will not need to worry about the scooter's range dropping after a few years of usage and will be able to extract maximum performance, ride after ride. This reaffirms faith in our battery’s performance and longevity for all Ather owners. The 450X comes now with Ather Battery Protect included, making it a 3 +2 years coverage. Ather 450 Plus customers can purchase this additional 2 year warranty for INR 6,999.

Ather Energy has one of the largest two-wheeler fast charging networks in India. Currently, there are more than 1700 Ather Grids, fast charging stations across 140+ cities, and the company plans to install a total of 2500 Ather Grids by March 2024. These chargers are strategically located across cities, and national highways which allows the user to do an intercity ride without any range anxiety. Along with this, Ather also has a trip planner which gives the most optimal suggestion of route along with a map and suggests appropriate Ather Grid chargers for intercity trips too.

Master Blaster And Prince Of Cricket Will Lead Teams For A Cause

* One World One Family Cup to be played in Sathya Sai Grama, Muddenahalli

* Venue and Date of the Match: 18 January 2024, Sathya Sai Grama, Muddenahalli, Chikkaballapur district, Karnataka (30 minutes from the Bengaluru International Airport)

A cause which shall lift the spirit of humanity, the ‘One World One Family Cup’ will witness the convergence of legends from the cricketing world on 18 January 2024 at Sathya Sai Grama, Muddenahalli. Organized by the Sri Madhusudan Sai Global Humanitarian Mission, which is based on the philosophy of ‘one world one family’ that works tirelessly for the cause of nutrition, education, and healthcare for the needy across 30+ countries, this friendly cricket match is all set to exude the power of unity, the strength of a shared humanity, and the feeling of a collective social responsibility. The day presided over by Shri Pralhad Joshi, Honorable Union Minister for Parliamentary Affairs, Coals and Mines, Government of India, will also mark the inauguration of the cricket stadium at Sathya Sai Grama – Sai Krishnan Cricket Stadium. Bharat Ratna awardee Sachin Tendulkar and Padma Shri awardee Yuvraj Singh will be captains of the two teams.

From Harbhajan Singh to Muthaiah Muralitharan, from Irfan Pathan to Chaminda Vaas, from pace bowlers like RP Singh to left-arm spin bowlers like Monty Panesar, from Danny Morrison to Venkatesh Prasad, and many more from seven nations, their participation at the ‘One World One Family Cup’ will serve as a testimony and commitment to being an advocate for meaningful change. Each of them known for their remarkable achievements and success stories, have brought rich laurels to their countries.

The stadium which is a five-petaled sports arena consisting of 3,500 seats across four galleries, and a centre stage, will welcome its first set of players ever who will unite through the spirit of cricket and be part of a global family to spread awareness about embracing all as one world family – vasudhaiva ku?umbakam.

One of the most exciting facets is also that few players from the unforgettable 1983 Cricket World Cup team will be present to witness the friendship match and show their solidarity towards the cause of ‘One World One Family.’

Former cricketer Dr Sunil Gavaskar, who batted 34 centuries for India, continues to bat even today; but this time for the cause of needy individuals who are being served by the Sri Madhusudan Sai Global Humanitarian Mission, and this innings he calls it “the best innings in his life”.

Sunil Gavaskar shares: “Cricket is more than just a sport; it is a powerful platform that unites people from all walks of life. Over the years, I have witnessed the immense power of sports to bring people together and make a positive impact on society. This unique friendship match aims to leverage the popularity of cricket to draw attention to the pressing issues faced by the underprivileged of our society, and the great work being done by Sadguru Sri Madhusudan Sai in the spirit of One World One Family – vasudhaiva ku?umbakam.”

It's not just a game; it's a new awakening to the feeling of Oneness through Sports.

About Sri Madhusudan Sai Global Humanitarian Mission

Sadguru Sri Madhusudan Sai is a visionary and a humanitarian who spearheads a unique global mission across 33 Countries. Since 2011, Sri Madhusudan Sai has established institutes of excellence in Education, Healthcare, Nutrition and Spirituality across the world.

The most noteworthy achievements of Sadguru Sri Madhusudan Sai over the last 11 years are:

·         Runs India’s Largest Morning Nutrition Programme

·         Established India’s First Completely Free of Cost Chain of Schools and a University

·         Established India’s First Free Private Rural Medical College

·         Runs the World’s Largest Chain of Paediatric Cardiac Hospitals Completely Free of Cost


Annapoorna Morning Nutrition Programme (Since 2015): Serves 3 million school-going children across 40,000 schools, in 25 States and 5 Union Territories in India, and 5 countries overseas. 516 million servings have been served till date

Feed the World – Over 5 million meals served to the homeless across 15 countries


A Completely Free of Cost System of Values-Based Education to produce dedicated servants of the society

•             Sri Sathya Sai Loka Seva Gurukulam Group of Institutions (Since 1973)

•             Sri Sathya Sai University for Human Excellence (Since 2018)

•             Sri Madhusudan Sai Institute of Medical Sciences and Research – India’s First Free Private Rural Medical College (Since September 2023)

•             28 educational campuses

•             20 districts in Karnataka, one district in Telangana, one district in Tamil Nadu

•             5,000 boys and girls

•             Grade 6 to Doctorate Studies

•             Completely Free of Cost Medical Education


•             Twelve Uni-Speciality Hospitals (10 in India, one in Fiji, one in Sri Lanka)

•             Three Multi-Speciality Hospitals (One in India, Two in Nigeria)

•             A medical centre at Clarksdale in USA

•             Fourteen Primary Care Wellness Centres in India

•             Mobile Hospital Service in Eastern India

•             India First Free Teaching Hospital

Over 28,000 little hearts suffering from congenital heart disease saved

12 Centres for Human Development in 11 countries have also been established to work towards the welfare and well-being of all as one global family.

National Securities Depository Limited Gets “GLEIF Accreditation For Legal Entity Identifier (LEI) Issuance In India”

NSDL will start offering LEI service including new LEI registration, LEI renewal and LEI transfer to business entities from January 16, 2024.  

The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the data quality accuracy of financial data system for better risk management post the global financial crisis. The LEI is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects key reference information that enables clear and unique identification of legal entities participating in financial transactions and contains information about an entity’s ownership structure. 

The LEI is not only a regulatory requirement for the business entities engaged in various kind of financial transaction, but it also helps entities to Improves transparency and reduces risk in financial transaction, facilitates cross-border trade and builds trust with customers and partners. 

Ms. Padmaja Chunduru, MD & CEO of National Securities Depository Ltd (NSDL) said: We are pleased to announce that NSDL has received the accreditation from GLEIF to start LEI services. NSDL, having a proven track record of providing seamless depository services in financial market, will facilitate business entities obtain LEIs smoothly besides enabling them to meet their regulatory requirements. NSDL in collaboration with GLEIF will strive to expand and strengthen LEI network in India. 

Mr Stephan Wolf, CEO of GLEIF said:  "GLEIF's accreditation process involves a comprehensive assessment of organizations seeking to function as LEI issuers and custodians of LEI reference data within the Global Legal Entity Identifier (LEI) System. The achievement of Global LEI System membership through GLEIF accreditation serves as a globally recognized symbol of a firm's unwavering commitment to data accuracy and exceptional customer service. GLEIF eagerly anticipates a collaborative and fruitful partnership with NSDL in their accredited role as an LEI issuer." 

About NSDL (  

National Securities Depository Limited (NSDL) is India’s first securities depository. It has played a key role in transforming the Indian securities market by facilitating holding and transfer of securities in dematerialised form. NSDL offers an array of value-added services to investors. NSDL is contributing to the Digital India drive in a larger way with its various internet and mobile based initiatives such as NSDL SPEEDe App, Digital LAS, APIs/Technology integrations, FPI monitor, IndiaBondInfo and many more. 

Greenply Unveils Soulful Song By Udit Narayan “Humein Aage Badhna Aata Hai”

* The official song of the second edition of Hindustan ki Shaan honours the craft of carpentry in building beautiful spaces across India 

Greenply proudly announces the release of the heartfelt song "Humein Aage Badhna Aata Hai", sung by the legendary Padma Bhushan awardee, Shri Udit Narayan, as the official anthem for the second season of Hindustan ki Shaan awards. The song, composed by acclaimed music composer Nilotpal Bora, captures the indispensable role of carpenters in designing beautiful spaces around us.  

"Humein Aage Badhna Aata Hai" is a lyrical celebration of the indispensable role played by carpenters in shaping the spaces we occupy. The song encapsulates the spirit of growth within the carpenter and contractor community, highlighting their hard work and success. The resonating lines, "Humne badla hai khudko, humein badlav lana ata hai," serve as a testament to the transformative journey undertaken by these skilled artisans. The accompanying video visually narrates the inspiring tale of contractors and carpenters, diligently working to bring the dreams of homeowners to life. Through the fusion of technology and inventive solutions, the craftsmen breathe life into the visions of these homes.  

With Hindustan ki Shaan Season 2, Greenply is set to honour exceptional craftsmanship and spotlight outstanding contributions in interior design. The season promises to be a grand celebration, applauding hard work and skills of contractors and carpenters nationwide.  

Going beyond recognition, Greenply aims to cultivate camaraderie within the carpentry community, fostering a space for the exchange of innovative ideas and practices. Hindustan ki Shaan awards is a tribute to the heartbeat of the interior design industry, exemplifying the brand's unwavering commitment to recognizing and celebrating the tireless efforts of contractors and carpenters who embody a progressive outlook toward growth.  

Mr. Manoj Tulsian, CEO & Joint Managing Director of Greenply Industries, shared his perspective on the launch, stating, "This song is an ode to the craftsmanship of the carpenter community that not only builds structures but also weaves stories. The second season of 'Hindustan ki Shaan' awards signifies our commitment to recognizing the unsung heroes of the interior design industry. It is our privilege to salute their unwavering dedication to their craft." 

To experience and celebrate the craftsmanship of carpenters, listen to the official song of Hindustan ki Shaan Season 2. Click here to listen to Humein Aage Badhna Aata Hai” 

About Greenply Industries Limited: 

Greenply Industries Limited (GIL), has a leadership position in the plywood industry with four state–of–the–art manufacturing facilities spread across the country. The Company provides world-class interior products for the domestic and global markets including Plywood, MDF, Block board, Flush doors, Decorative Veneers and PVC products. The company has a widespread presence in over 1100 cities, towns, and villages across 27 states and 6 union territories, serviced through a well-entrenched distribution network of more than 2,300 dealers and authorized stockists, a retail network exceeding 6,000 and more than 50 physical and virtual branches pan-India. Greenply pushed the bar of our innovation to pioneer India’s first-of-its-kind E-Zero plywood range in FY21. The Company added another feather to its cap by publishing its first sustainability report for FY22, the first of its kind in the wood panel industry. Greenply has been conferred with Great Place to Work third year in a row (2020, 2021, 2022) for its contribution to building High-Trust and High-Performance Culture in the organization. 

Sify Technologies To Announce Financial Results For Third Quarter FY 2023-24 On January 18, 2024

Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced that it will report its unaudited IFRS financial results for the Third quarter ended December 31, 2023 on Thursday, January 18, 2024 before the market opens. 

In conjunction with the announcement, Sify will host a conference call at 8:30 AM ET with Mr. Raju Vegesna, Chairman of the Board, Mr. M P Vijay Kumar, Executive Director & Group CFO, and Mr. Kamal Nath, Chief Executive Officer. Interested parties may participate by dialling +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International), which will also be simultaneously broadcast live over the Internet at or

Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.

The online archive of the Webcast will be available shortly after the conference call, or investors can listen to the replay by dialling +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International) and entering the replay passcode 49670. Please allow for some time post-conference call to access the archive of the Webcast. The replay is available until January 25, 2024.

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focused on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. 

Sify’s infrastructure, comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors, and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has a presence across North America, the United Kingdom and Singapore.

Sify, Sify Technologies, Sify Infinit Spaces and Sify Digital Services are registered trademarks of Sify Technologies Limited.

Motorola Launches Motorola razr40 Ultra And edge40 neo In The Pantone Colour Of The Year 2024 – Peach Fuzz!

Motorola is the first smartphone brand in the world to launch its products in the PANTONE™ Color the year 2024. 

This marks the second year of Motorola’s exclusive collaboration with Pantone, focusing on the importance of building connections and empowering self-expression for consumers.  

The motorola razr40 ultra and motorola edge40 neo go on sale in PANTONE™ Color the year 2024, Peach Fuzz starting 12th Jan on Amazon and Flipkart respectively. 

The motorola razr40 ultra is the most advanced flip phone with world’s largest, external display. It will be available at a special limited period pricing of Rs. 69,999 from 12th Jan on amazon, and leading retail stores.The motorola edge40 neo is the World’s Lightest phone with IP68 rated underwater protection and a 144Hz 10-bit curved display. It will be available in 2 variants – 8GB+128GB at Rs. 22,999 and 12GB+256GB at Rs. 24,999 on Flipkart, and leading retail stores. 

Motorola, India’s best 5G smartphone brand and PANTONE™, the global colour authority, have teamed up for the second year to create devices in the Pantone Color of the Year.Motorola is the first and only smartphone brand to have a multi-year exclusive collaboration with PANTONE™, in line with its commitment to differentiate with design & colours while enriching people’s lives through meaningful innovation.  

This year marks the 25th anniversary of the Pantone Color of the Year program with the chosen color PANTONE™ 13-1023 Peach Fuzz. A velvety gentle peach hue, Peach Fuzz has a cozy, tender essence that embodies feelings of togetherness, community, and collaboration. The new Color of the Year, PANTONE 13-1023 Peach Fuzz, aligns beautifully with Motorola’s pillars of inclusion and making technology more accessible for all.  As technology becomes intertwined with humanity, we trust color to provide a tool for expression and deeper, more meaningful experiences with our devices. The Color of the Year 2024 does this by blending our virtual worlds with our desire for warmth, togetherness and compassion. The motorola razr40 ultra and motorola edge 40 neo have been chosen as world’s 1st smartphones to launch to represent this colour, one that reinforces the importance of human connection, as do the devices.   This collaboration with PANTONE™ strengthens Motorola’s mission to make technology more accessible and help consumers use technology to connect intentionally.  

Built for connection and collaboration, the new motorola razr40 ultra in Peach Fuzz lets stylish and expressive individuals stand out from the crowd. With its iconic flappable design, the razr40 ultra boasts the world's largest external 3.6-inch Poled display with its fastest 144Hz refresh rate, with 1100nits peak brightness. This flip phone is super slim when folded and has a gapless design, owing to its industry’s 1st dual axis teardrop hinge design thus ensuring the phone is also infinitely flexible at multiple flex angles. When opened, the phone has a nearly creaseless 6.9” polled display with up to 165Hz refresh rate and 1400nits of Peak brightness. This iconic flip phone is equipped with a powerful Snapdragon® 8+ Gen 1 SoC, ensuring a seamless experience. The razr40 ultra transcends generations and demands attention, exemplifying the harmonious Pantone Color of the Year 2024. 

Customers can now grab the industry’s most advanced flip-phone, the razr40 ultra at an unbelievable offer price of just Rs. 69,999 including the limited-period flat discount of Rs. 10,000. To make the flip phones even more affordable and accessible to consumers, motorola also offers No Cost EMI for 3,6 and 9 months from leading banks starting just Rs7,778/month. The new Peach Fuzz color variant will be available on amazon, and leading retail stores starting 12th Jan 2024.  

The motorola edge 40 neo is a device that puts color at the center of design. And the PANTONE Peach Fuzz hue in vegan leather beautifully complements the device’s warm and contoured design. The smartphone is the world’s lightest 5G phone with IP68 underwater protection, making it impervious to dust, dirt, sand, and even a 30-minute submersion in 1.5 meters of fresh water. Furthermore, its 144Hz 6.55-inch pOLED curved display with support for a billion colors and impressive peak brightness and is complemented by a 144Hz refresh rate which makes the UI super smooth and fluid. The motorola edge 40 neo is also a processing powerhouse, boasting the World’s 1st MediaTek Dimensity 7030 lightning-fast processor which is a 6nm chipset supporting Wi-Fi 6E for incredible speeds and has MediaTek HyperEngine™ game technology for the best gaming experience.  

The headturner - motorola edge40 neo, in the new Peach Fuzz color will be available on Flipkart, and leading retail stores, starting Rs. 22,999 , 12th Jan 2024 onwards.  

Both devices were designed with connection and personality at the center and offer features that were developed to enhance our common humanity. These include our latest software experiences, Moto Unplugged and Family Space. Both of these apps embrace the balance between connectedness and rest, security, and boldness. 

Motorola is also offering numerous software such as Moto Unplugged and Family Spaces. The recently introduced Moto Unplugged software experience helps users achieve a better balance with their smartphones. Backed by research and insights, Motorola is introducing Moto Unplugged to help consumers take a break from the distractions of their phones. This feature centers around the importance of taking mindful breaks from our device to be more present with ourselves and those around us. It lets users create their own oasis without totally disconnecting, so they can relax and stay in control. With Moto Unplugged, users can enter a special mode, allowing them to tailor a break time to meet their individual needs. The Family Spaces feature allows a Motorola user to remotely control another Motorola smartphone user's screen for remote guidance, selecting the interface of certain apps, exercising parental control, and managing the timing of other users, especially kids, using the apps.   

To know more about the Motorola + Pantone association visit: 

Availability and Offers 

Motorola razr40 Ultra 

Original Price : Rs 79,999 

Exclusive Limited Period Discount : Rs 10,000 

Net Effective Price : Rs 69,999 

To Know More and Buy motorola razr40 ultra – 

Motorola edge40 neo 

8GB + 128GB variant: Rs 22,999 

12GB + 256GB variant: Rs 24,999 

To Know More and Buy motorola edge40 neo – 

o9 Solutions Grows Annual Recurring Revenue By 47% In 2023

* Q4 2023 marks a new record for ARR added in a quarter and is the 18th consecutive quarter of year-over-year ARR growth for o9

o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today reported that its annual recurring revenue (ARR) in 2023 grew 47% year-over-year. Q4’23 marks a new record for ARR added in a quarter, and is the 18th consecutive quarter of year-over-year ARR growth for o9. The growth was driven by marquee clients across multiple industries, including retail, consumer electronics, food and beverage, medical devices, and automotive OEMs, which demonstrates the power and flexibility of o9’s AI-driven Digital Brain platform for integrated business planning.

o9 also implemented 70-plus go-lives at numerous well-known brands across sectors, including soft lines, food and beverage, pharmaceutical, consumer electronics, automotive and more, allowing clients across the globe to benefit from the adoption of the Digital Brain platform to drive better planning and decision-making based on AI/ML technologies.

o9’s existing investors, led by General Atlantic’s BeyondNetZero, doubled down on the Company's growth with an incremental investment that drove its valuation to $3.7- up from $2.7 billion since its previous investment round in January 2022. o9’s worldwide talent pool grew to more than 2,500 in 2023. The Company operates 17 offices worldwide, including new ones in Toronto, Canada, and Shanghai, China. o9 also intends to expand its presence in India with a new center of excellence (COE) in Hyderabad to develop world-class supply chain talent.

In addition to hosting its annual aim10x Global digital event, 2023 marked the year that o9 Solutions introduced a series of aim10x Live conferences in 14 cities with 135-plus speakers and more than 20,000 attendees.

Chakri Gottemukkala, Co-founder and CEO of o9 Solutions, said, “In 2023, o9 Solutions made incredible strides across the business, showcasing our continued commitment towards innovation and excellence. The continued growth and strong year-over-year results are a testament to the unparalleled value generated by the o9 Digital Brain Platform, enabling clients to improve decision-making. Looking forward, the o9 team will continue to focus on client satisfaction and help more companies digitally transform their supply chains.”

Other notable highlights in Q4’23 include:

o9 Solutions partners with Pandora to transform its integrated planning capabilities

o9 Solutions partners with Canyon Bicycles to revolutionize its planning capabilities and dynamically adapt to consumer demand

According to proprietary research from o9 Solutions, consumers’ perceptions of supply chain disruptions are shifting their purchasing behaviors.

o9 received three best-in-class revenue growth management distinctions in POI’s 2023 Enterprise Planning Vendor Panorama Report

o9 Solutions was ranked for the fifth consecutive year in the 2023 Deloitte Technology Fast 500™

o9 signed the AARP employer pledge, recognizing the value of experienced workers.


Major UPI Apps Enabled To Receive Remittances From Singapore Via UPI-PayNow Linkage

* Users can receive funds from Singapore through UPI

The cross-border linkage between Unified Payments Interface (UPI) & PayNow is enabling Indians to receive instant, secure, and cost-effective remittances from Singapore-based Indian diaspora directly into their bank accounts. This facility can be accessed by users of BHIM, PhonePe, and Paytm apps. Additionally, banks such as Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India provide this functionality through their respective apps.

More Third-Party Application Providers (TPAPs) and bank apps such as Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank, Karur Vysya Bank, Kotak Mahindra Bank, Punjab National Bank, South Indian Bank, and UCO Bank are expected to be added to the linkage soon. This expansion will broaden the range of choices offered to customers.

Key benefits of receiving funds via UPI-PayNow:

Instant: Funds are transferred in real-time, reaching the recipient's bank account within seconds.

Secure: The linkage utilizes robust security protocols to ensure safe and reliable transactions.

Cost-effective: Transaction fees are competitive, making the service ideal for small and frequent remittances.

Convenient: The facility is available 24/7, 365 days a year

This interoperability milestone is the result of close collaboration between the Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS). The increasing adoption of UPI in cross-border transactions not only amplifies financial inclusion and convenience but also plays a pivotal role in fostering the overall growth of India's dynamic digital payment ecosystem.

About NPCI:

National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. NPCI has created a robust payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), Aadhaar Enabled Payment System (AePS), National Electronic Toll Collection (NETC) and Bharat BillPay.

NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payment solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.

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Illuminate Brilliance: Goldmedal Electricals Launches Jugnoo LED Downlights

* Jugnoo is a premium downlight featuring 3-in-1 colour temperatures.

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, announced the launch of its Jugnoo LED Downlight. It features 3-in-1 colour temperatures: Warm White, Neutral White, and Cool Daylight. This downlight is easy to install and use, allowing users to simply switch between three colours by turning the light ON and OFF. 

Jugnoo, featuring a high-quality luminaire, boasts an aesthetically pleasing design with a transparent acrylic cover. This cover not only enhances the light dispersion but also elevates the overall look of the ceiling. The anti-glare diffuser in Jugnoo creates soothing light making it an ideal choice for homes, offices, shops, restaurants, and hotels. Its in-built independent driver provides electrical protection against high and low voltages. 

Other features:

1.      Polycarbonate housing with transparent optical acrylic cover

2.      Equipped with a separate driver to ensure ease of installation and use.

3.      Surge protection up to 2.5Kv

4.      Total lumen efficacy: 75lm/W

5.      LED life: 25000 burning hours

Speaking about the product, Bishan Jain, Director, Goldmedal Electricals said, “At Goldmedal, our commitment is to elevate the ambiance of every home, shop, or restaurant. The introduction of Jugnoo LED Downlight is a great addition to our contemporary lighting segment. It combines comfort with aesthetic appeal in a seamless manner. Its sleek design allows for effortless integration into any setting, offering ideal lighting solutions.”

Jugnoo LED Downlight is available both online and in retail stores for Rs. 310. It comes with a warranty of 2 years. 

About Goldmedal Electricals:

Goldmedal Electricals is a home-grown electrical company established in the year 1979 with a vision to create electrical switches and accessories that make a positive difference in the daily life of consumers. The company is known in the industry for manufacturing high-quality wiring devices and introducing a host of innovations. The company has manufacturing units in Vasai outside Mumbai, Bhiwadi in Rajasthan, and Vijayawada in Andhra Pradesh. It is one of the few companies in the industry with an in-house, state-of-the-art tool room and testing facility. Today, the company manufactures a vast range of electrical products that include various types of Switches, Home Automation Systems, Fans, Security Systems, Entertainment devices, Doorbells, Wires, Cables, and more for residential buildings as well as commercial establishments.

A New Year, A Healthier You: 5 Resolutions To Manage Your Diabetes In 2024

As the calendar turns a fresh page and we welcome the start of a new chapter of our lives, it’s great time to introspect the past and set new goals for the future. The beginning of the year does not only signify a date change but also a symbolic opportunity for renewal and commitment to one's well-being. As we usher into 2024 its time to grab the moment and find the path to set our intentional goals to manage your diabetes this year.

Dr. Prashanth Subramaniam, Head of Medical Affairs, South Asia, Korea & Taiwan, Diabetes Care, Abbott, “In 2024, people with diabetes must make a pledge to commit to managing their condition well. Insufficient monitoring limits the available data, making it challenging to make informed decisions based on actionable insights. Therefore, people living with diabetes must promise themselves that they will regularly monitor their glucose levels, make lifestyle modifications, and try their best to stick to goals. There are many new technologies that will help support these goals. For example, continuous glucose monitoring (CGM) devices that are compatible with smartphones can help you stay on top of your glucose management even while on the go.”

Through the new year, one should aim to keep their glucose levels in the specified target range (commonly 70 – 180 mg/dl). This can be easily done with digital health tools alongside CGM devices. When paired together, these technologies can further support people on their management journey through the year. Additionally, it also creates an ecosystem that helps people effortlessly stay connected with their doctors and caregivers. This represents a new chapter in blending glucose monitoring effortlessly into a patient's daily routine, enabling them to live a fuller, healthier life.

5 resolutions one must commit to in 2024 –

1. Know your numbers: It is extremely important to keep a consistent check on your blood sugar levels. Real time monitoring can be done through CGM tools like Freestyle libre. Try to stay in that sweet spot of 70 to 180 mg/dl for most of the day, preferably around 17 hours out of the day. By doing this, you can effectively manage your diabetes. That way, you're the boss of your diabetes, not the other way around.

Prioritize strategic meal planning: It's important to have a plan in place for what you are going to eat throughout the day. Always try to choose foods that have a lower calorie count. Pick foods that won’t increase your blood sugar levels drastically. It’s advisable to consume small portions of tempting food over a period to fill the cravings.

2. Keep your body moving: It's important to prioritize physical activity for maintaining good health, but it's also crucial to keep it gentle and avoid overexertion. Simple workouts like walking or yoga can be effective. Make sure to wear appropriate clothes and footwear during the holidays to keep your body in check. If you notice any abnormalities on your skin, it's best to consult a doctor right away to ensure proper care and treatment.

3. Regulate your sleep cycle:  We often disrupt our sleeping routine due to bad habits or work. However, getting adequate hours of good-quality sleep is crucial in maintaining good health. It also helps to avoid sleep deprivation, which can negatively impact your hunger or craving levels. Additionally, sleep plays a vital role in supporting metabolism and regulating blood glucose levels, which is essential when managing diabetes.

4 Stress management: When you are stressed, your body produces stress hormones that boost your blood sugar levels and can cause insulin resistance. Over time, this can raise your blood pressure and increase your chances of developing heart disease. To ease your stress, try engaging in fun activities like listening to music, yoga or dance. Additionally, spending time with loved ones or discussing what you are going through with a professional could ease stress levels.

5. By setting these achievable goals, people with diabetes can take control of their health and manage their condition more effectively throughout the year. Remember, every small step counts, and with patience and determination, you can achieve your goals and improve your overall health.

Trailblazing Performance. BMW Group India Celebrates Highest-Ever Annual Sales In 2023


* Highest-ever Car Sales (BMW + MINI) of 14,172 units with +18% growth.

* Highest-ever Bike Sales (BMW Motorrad) of 8,768 units with +20% growth.

* Highest-ever Quarter 4 Sales for BMW, MINI and BMW Motorrad.

* Number 1 in luxury electric vehicle market for the second year with the most diverse product range.

* The BMW iX remains India's top selling car in luxury electric vehicles.

* MINI 3 Door Cooper SE is India’s highest selling premium electric hatchback.

* BMW Luxury Class Defines Forwardism With +88% Growth. BMW 7 Series Winner Of ‘Premium Car Award 2024’ by ICOTY

* Sports Activity Vehicles propel ahead with +24% growth.

* Highest-ever Digital Sales.

* Highest-ever BMW and MINI 360° by BMW India Financial Services.

BMW Group India has continued its record-breaking success in 2023 by posting the best-ever annual sales (January – December) – for all three brands – BMW, MINI and BMW Motorrad. BMW Group India delivered 14,172 cars (BMW and MINI) and 8,768 motorcycles (BMW Motorrad). BMW sold 13,303 units and MINI 869 units.

The year closed on a high note as all three brands clocked their highest sales for Quarter 4 - BMW 4,306 (+41%) | MINI 287 (+54%) | BMW Motorrad 1,990 (+3%). Quarter 4 of 2023 was also the best-ever quarter for BMW and MINI. December 2023 saw the highest-ever monthly sales for BMW and MINI.

Mr. Vikram Pawah, President, BMW Group India said, “2023 has been a record-breaking milestone year for BMW Group India. All three brands – BMW, MINI and BMW Motorrad – have delivered their highest-ever sales. We have the most desirable brands and luxurious products. We have created bespoke experiences and services that ensure complete peace of mind and freedom to enjoy unlimited driving pleasure. As we change the game, our sight is set on increasing the market share and setting new benchmarks.”

Mr. Vikram Pawah added, “BMW Group India has successfully retained its leadership in the electric luxury car segment for the second consecutive year. By blending driving pleasure with zero emissions, our luxurious offerings resonate with a growing clientele embracing a progressive and sustainable mindset. We continue to set the pace in the Indian electric luxury vehicle market with the most diverse and innovative product range, designed to cater to diverse customer needs. A perfect example is the BMW iX which is the highest selling luxury electric vehicle in India. With proven strengths, future-oriented technologies and a robust premium charging network, we are confident of taking this to the next level.”

BMW Group Electric Vehicles (EV) continued leadership in the luxury segment for second year in a row by registering a three-fold growth with 1,474 units. The BMW iX remains the largest selling luxury electric vehicle in India. BMW Group continues to dominate the luxury electric market with the most versatile portfolio - BMW i7, BMW iX, BMW i4, BMW iX1 and MINI SE. Launch of the first-ever BMW i7 and first-ever BMW iX1 further elevated the enthusiasm. Robust charging infrastructure in premium segment at BMW Group dealer network in 35 cities played a vital role in ensuring user confidence. MINI 3 Door Cooper SE is the highest selling premium electric hatchback in the country.

BMW India – 13,303 units (+18%)

BMW Luxury Class which includes the BMW 7 Series, BMW i7, BMW X7 and BMW XM grew by +88%. The dominance of the BMW 7 Series as best-in-class was underlined by its win as the ‘Premium Car Award 2024’ at the prestigious Indian Car of the Year (ICOTY) awards. The 'Power of Choice,' encompassing petrol, diesel, and electric drivetrains, amplified appeal of the 7.

BMW Sports Activity Vehicles (SAV) which contributed 54% to annual sales volume saw the best-ever sales growing by +24%. The new X1 was the highest selling SAV with 20% contribution to overall sales. The X7 claimed spot of second highest deliveries.

The new BMW 3 Series was the highest-selling sedan with a share of 20% in sales.

MINI India - 869 units (+22%)

The locally produced MINI Countryman was the most popular model, dominating with a share of 55%. Sales for the electric MINI 3-Door Cooper SE more than doubled, becoming the second-highest selling MINI model at 28%.

BMW Motorrad India - 8,768 units (+20%)

BMW G 310 models registered an impressive growth of +19% and maintained a share of 88% in overall sales. The core bikes available as completely built-up units saw a growth of +33%. Among core models, growth was determined primarily by the high-end GS adventure and RR sports segment.

Highest-ever BMW and MINI 360°

Customers enjoy great value and complete peace of mind with the 360? finance solution from BMW India Financial Services which offers attractive low monthly instalments, assured buy-back, flexible end of term options and an opportunity to upgrade to a new car amongst other benefits. 8 out of 10 cars financed by BMW India Financial Services are through BMW and MINI 360?.

BMW Group India

With BMW, MINI and Motorrad, the BMW Group has its sight set firmly on the premium sector of the Indian automobile market. Along with cars and motorcycles, BMW Group's activities in India comprise of financial services for its premium clientele. BMW India and BMW India Financial Services are 100% subsidiaries of the BMW Group and are headquartered in Gurgaon (National Capital Region). BMW India started operations in 2007. The wide range of its activities include a manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurgaon NCR and development of a dealer organisation across major metropolitan centres of the country. BMW Group Plant Chennai locally produces 11 car models. MINI has successfully established itself as a premium small car brand in India since its launch in January 2012. BMW Motorrad officially started its operations as a part of the Indian subsidiary of BMW Group in April 2017. With BMW, MINI and BMW Motorrad, BMW Group India currently has over 80 touchpoints across the country setting high benchmarks in service quality and customer service. BMW India Financial Services, a Non-Banking Finance Company (NBFC), started operations in 2010. It operates with three business lines: Retail Finance, Commercial Finance and Insurance Solutions (as corporate agents). The services offered through BMW India Financial Services are significantly valuable to the premium clientele who require exclusive and flexible financial solutions.

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