Saturday, April 20, 2024

Dhanuka Introduces Powerful Insecticide 'LaNevo' Alongside A Bio-fertilizer


Leading agrochemical company Dhanuka Agritech Limited unveiled two groundbreaking products -- the powerful insecticide ' LaNevo',  and the bio-fertilizer 'MYCORe Super', designed to revolutionize crop protection and yield enhancement in agriculture.

'LaNevo' marks a strategic collaboration with Nissan Chemical Corporation, Japan, further strengthening Dhanuka's insecticide portfolio. LaNevo offers dual benefits with a unique mode of action for enhanced crop protection against sucking and chewing pests. It is designed to minimize resistance development and, promoting healthier crops and higher yields.

Mr. Rahul Dhanuka, Joint Managing Director, Dhanuka Agritech Limited, along with senior officials from Nissan Chemicals Corporation, addressed a large gathering of retailers, major dealers from Karnataka outlining the specifications and benefits of the new products.

Mr. Dhanuka said, this launch signifies Dhanuka's commitment to providing innovative solutions for sustainable agriculture.

“We are introducing a new insecticide, LaNevo, specifically designed to help vegetable farmers. This powerful broad-spectrum insecticide effectively controls a wide range of pests, including Jassid, Thrips, Whiteflies, and Leaf Miners. By targeting both sucking and chewing pests, LaNevo offers farmers better control over crop damage,” he said.

Mr Y Fukagawa San, General Manager and Head of International Sales Nissan Chemical Japan, said ‘LaNevo’ is tough for insect-pest resistance development, and effectively controls leaf's lower surface hiding insect-pest.  This powerful insecticide is easy to apply, promoting healthier crops and higher yields," he said.

Dr. R.K. Yadav, Managing Director, Nissan Agro Tech India Pvt. Ltd., said farmers can trust in LaNevo’s dual power, reliability and quick action to protect their crops and ensure a bountiful harvest.

“For best results, apply Lanevo at the initial appearance of pests in your chilli, tomato, brinjal crops,” he advised the farmers attending the event.

Introducing the bio-fertilizer 'MYCORe Super', Mr. Manoj Varshney, National Marketing Head of Dhanuka Agritech, highlighted its effectiveness in high-value crops to increase output and quality.

"Harnessing the power of natural biological processes, our product offers the most advanced solution to farmers seeking to optimize their agricultural outputs while minimising their environmental impact," Varshney added.

The company launched these products in Tirupati yesterday and will be launching them in other geographies in coming days.

Dhanuka Agritech remains committed to driving innovation in agriculture, ensuring farmers have access to cutting-edge solutions that optimize productivity and sustainability.

About Dhanuka Group: Dhanuka Group is one of India’s leading plant protection companies, listed on BSE and NSE. With 4 manufacturing units across Gujarat, Rajasthan, and J&K, Dhanuka operates through 41 warehouses and a network of 6,500 distributors and around 80,000 retailers. The company's international collaborations with leading agrochemical companies introduce cutting-edge technology to Indian farmlands. Backed by a workforce of over 1,000 techno-commercial staff and supported by a robust R&D division and distribution network, Dhanuka serves approximately 10 million Indian farmers with its products and services.

AU Small Finance Bank Launches International Fund Transfers, Cross-Border Trade Finance & Forex Services On Its 7th Banking Anniversary


-          India’s largest SFB commemorates its 29th Foundation Year and 7th banking anniversary by introducing ‘AU Remit’ & ‘AU DigiTrade’

-          AU Remit enables Non-Resident Indian (NRI) customers to effortlessly transfer funds digitally from their AU NRE Savings Account to their overseas accounts in foreign currency.

-          Digital Trade Portal ‘AU DigiTrade’ will enable MSME customers to initiate trade transactions from anywhere/anytime, track the transaction status and access reports online

AU Small Finance Bank, India’s largest SFB, commemorates its 29th Foundation Year and 7th banking anniversary by introducing ‘AU Remit’, a platform to initiate international fund transfers under the Liberalized Remittance Scheme (LRS), designed to meet the diverse needs of its retail customers. The bank has also launched ‘AU DigiTrade’ platform for its MSME customers and a host of Trade Finance and Forex services for exporters and importers. The unveiling of both these services marks a significant milestone in AU Small Finance Bank's journey towards enhancing customer-centric financial solutions.

Notably, AU Small Finance Bank had obtained the Authorized Dealer Category 1 (AD 1) license from the Reserve Bank of India (RBI) in April 2023, empowering the bank to conduct a wide array of foreign exchange transactions. Leveraging this authorization, AU Remit sets a new standard in international fund transfers for retail customers while the ‘AU DigiTrade’ will benefit MSME exporters and importers.

AU Remit enables Non-Resident Indian (NRI) customers to effortlessly transfer funds digitally from their AU NRE Savings Account to their overseas accounts in foreign currency. Besides, it also extends its services to residential individuals and proprietorship firms, enabling them to send money abroad for purposes listed by the RBI under the LRS scheme through the Web Portal and AU Small Finance Bank branches. AU Remit streamlines the transfer process, eliminating cumbersome documentation requirements and elevating the overall customer experience.

Highlights of AU Remit include:

-          Multiple Currency Options: Currently available in 4 major currencies for existing AU SFB customers, with plans for expansion to New-To-Bank (NTB) customers in phase 2.

-          High Transaction Limit: Customers can remit funds online up to USD 25,000 equivalent per transaction for purposes including education, family maintenance, gifts, health services, and NRE repatriation.

-          User-Friendly Interface: Intuitive digital platform with fast payment processing, 24*7 remittance services, real-time tracking, and transparent fee structure.

-          Accessibility: Accessible through the online portal using mobile number authentication or in-person at AU SFB branches.

The Trade Finance and Forex services will facilitate cross- border trade of its customers by providing financing, document handling and cross-border remittance solutions along with support in regulatory compliances. The bank has also launched a Digital Trade Portal ‘AU DigiTrade’ that will enable MSME customers to initiate trade transactions from anywhere/anytime, track the transaction status online and access reports online.

Highlights of Trade Finance Services for MSME customers include:

-          Multiple Currency Options - AU SFB would handle export and import transactions in four major currencies viz, USD, EUR, GBP and AED for exporters and importers.

-          Wide Spectrum of Trade Finance & Forex products – AU SFB would offer products like Export Finance, Import Letter of Credit, Foreign Bank Guarantee, Forward Covers, Forex rates and all services for export and import collections.

-          Special purpose Foreign Currency Accounts – AU SFB would open ‘Exchange Earners Foreign Currency (EEFC)’ accounts and ‘Diamond Dollar Account (DDA)’ for its export customers.

-          Customized Current Accounts- AU SFB has launched current accounts - “AU Royale Trade” and “AU Trade Platinum” which have customized features and preferential pricing.

Speaking on the launch, Mr. Sanjay Agarwal, Founder, MD & CEO of AU Small Finance Bank, said, "I express my deep gratitude towards the bank's 1.1 Crore customers, 46,000 employees, 2 lac domestic and international shareholders, regulatory bodies, the Government, and all other stakeholders for their wholehearted support during the first seven years of our banking journey. Today, as AU Small Finance Bank celebrates its 29th Foundation Year and 7th Banking Anniversary, we stand at the threshold of a new era, enriched by our recent expansion in Southern India post completing amalgamation with Fincare Small Finance Bank. This milestone not only signifies our journey of growth and expansion but also reinforces our unwavering commitment to innovation and customer-centricity."

Mr. Agarwal further said, “With the operationalization of our Authorised Dealer Category I (AD – Cat I) license within one year of procuring the license, the Bank has completed its product offerings and will now have a chance to work with our venerated exporter-importer community base. Our latest offering- AU Remit, AU DigiTrade and various other Trade Finance & Forex products and services will enable our NRI customers and EXIM customers to seamlessly undertake various international remittance transactions such as fee payments, medical treatments, family maintenance, trade payments as well as various export and import credit facilities from the Bank.”

About AU Small Finance Bank

AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and has established itself as the largest SFB in India since starting its banking journey in April 2017. Established in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU SFB boasts a 29 years-legacy with deep understanding of the rural and semi-urban markets and customer segments. The Bank operates a sustainable business model that facilitates credit to the unserved and underserved retail and MSME customer segments while providing complete banking solutions to its deposit and branch banking customers. As a tech-led Bank, AU has a strong digital presence with innovative products and services like 24X7 video banking, credit cards, personal loans, UPI QRs, payments, merchant lending, WhatsApp Banking, Chatbots etc. and its digital bank application AU0101 remains among the higher rated banking apps in India.

Post the amalgamation of Fincare Small Finance Bank into the Bank, AU SFB now operates from 2,382 physical banking touchpoints across 21 States & 4 Union Territories serving 1.1 Crore customers with an employee base of 46,000 plus employees. As on 31st March 2024, on a merged basis, the Bank has deposit base of ?97,704 Crore, Loan AUM of ?96,490 Crore and a Balance sheet size of ~?1.2 Lacs Crore. AU SFB enjoys the trust of marquee investors and is listed at both NSE and BSE. The Bank has consistently maintained high external credit Rating and is presently rated ‘AA/Stable’ by CRISIL, CARE Ratings and India Ratings, while the Bank’s FD is rated ‘AA+/Stable’ from CRISIL Ratings.

Friday, April 19, 2024

IIIT-Bangalore Introduces Post Graduate Diploma In Digital Product Design And Management For 2024-25 Academic Year


International Institute of Information Technology Bangalore (IIIT-Bangalore) announced a new one-year Post-Graduate Diploma programme in Digital Product Design and Management (PGD-DPDM) for the academic year 2024-25. The programme is tailored to equip students with comprehensive skills in digital product design and management, blending engineering and social sciences disciplines.

According to Prof. Debabrata Das, Director, IIIT-Bangalore, "We are excited to introduce the PGD-DPDM programme, building upon IIIT-Bangalore's legacy of delivering interdisciplinary excellence. This initiative aims to nurture a profound understanding of the evolving landscape of digital technologies and their impact on society."

Prof. Amit Prakash, who is currently coordinating PGD-DPDM at IIIT-Bangalore, stated, “PGD-DPDM offers a rigorous curriculum involving theoretical knowledge with practical insights, preparing students for diverse roles in the digital product ecosystem. We believe this programme will empower the next generation of innovators and leaders in digital product design and management.”

The programme, commencing in July 2024, spans 12 months and is designed for full-time on-campus engagement. Candidates with a bachelor's degree from any recognized university, in any discipline, including arts, science, commerce, design, management, law, or engineering, are eligible to apply.

The curriculum encompasses two semesters, featuring core courses such as Data Analysis and Visualization, Information Economics and Product Finance, Innovation and Design Thinking, Software Models and Design Patterns, Software Product Management, User Research and User Experience.

The PGD-DPDM programme at IIIT-Bangalore will provide promising placement avenues in various sectors, including product teams within start-ups, social enterprises, or large corporations focusing on initiatives like Tech4Good to reach the next billion users. Additionally, opportunities may exist in public and social sector consulting teams.

The programme begins with a four-week Programme Orientation in July 2024 focusing on enhancing comprehension, writing, and communication skills, along with readiness for the curriculum's demands and pedagogical approaches.

Emphasis will be placed on digital accessibility tools and techniques, particularly for individuals with disabilities, as well as on fostering inclusivity within teams.

Upon completion of the PG Diploma programme, students are eligible for consideration of direct admissions to the Master of Science (by Research) in the Digital Society research domain at IIIT-Bangalore. Their suitability for admission to Master of Science (by Research) will be ascertained by an internal committee based on performance in the PG Diploma.

In line with IIIT-Bangalore’s commitment to inclusivity, appropriate measures will be taken to ensure required accessibility and accommodations for persons with disability to go through the programme.

Key Dates:

- March 12, 2024: Application portal opens.

- April 30, 2024: Deadline for submitting online applications.

- May 11th/12th, 2024: Online written test and personal interviews; candidates have the option to attend in person at IIIT-Bangalore campus.

- May 20, 2024: First list of selected candidates released.

- May 27, 2024: Confirmation deposit payment due for candidates on the first list.

- May 28, 2024: Second list of selected candidates released, if necessary.

- June 4, 2024: Confirmation deposit payment due for candidates on the second list.

- July 1, 2024: Registrations for the new batch at IIIT-Bangalore begin, and classes commence.

For online application form and comprehensive guidelines, please visit: https://www.iiitb.ac.in/courses/post-graduate-diploma-in-digital-product-design-and-management

About IIIT-Bangalore

IIIT-Bangalore is a premier institute dedicated to undergraduate and postgraduate programs specializing in Computer Science and Engineering (CSE), Electronics and Communication Engineering (ECE), IT for Society, and broader fields of IT and research. Situated in the heart of Electronic City, Bangalore, it holds a prominent position in the academic landscape. 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’ cognizant 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 https://www.iiitb.ac.in

MG Motor India Joins Forces With Epsilon Group To Enhance EV Ecosystem In India


* MoU signed with Epsilon Group’s subsidiaries- Power EV for charging solutions and LICO for battery life management

MG Motor India has announced its partnership with the Epsilon Group, reinforcing its commitment to the EV charging infrastructure and ecosystem in India. As part of the strategic collaboration, carmaker signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. The unified framework of this alliance underscores the commitment to developing an efficient charging infrastructure and battery lifecycle management that will underpin MG Motor India's EV stance.

Power EV offers a diverse array of AC and DC Chargers, which accommodates charging speeds from 22kW to 120kW with Power Panel Management Software, that empowers usage of charging stations with unprecedented ease and efficiency. As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG’s EVs, thereby enhancing the end-user experience. Through active involvement in the MG Charge initiative – deploying 1000 charging points in 1000 days within residential communities and apartments across India – Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options. Additionally, this partnership will capitalise on Power EV's expertise to innovate efficient, smart, robust and state-of-art charging technologies tailored for MG Motor India's forthcoming EV models.

LICO contributes to battery circularity through end-of-life battery recycling and refurbishing, to recover critical materials like lithium, cobalt, manganese, and nickel for reuse, fostering sustainability. LICO and MG Motor India will together implement strategies for battery repurposing in line with circular economy, focusing on renewable energy storage and ensuring compliance with end-of-life battery recycling regulations. LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services. Through R&D collaboration, they shall develop a sustainable package to optimise recycling efficiency and repurposing capabilities to derive maximum potential from EV battery recycling. The partnership emphasises the implementation of essential safety standards and traceability in Reverse Logistics for end-of-life battery packs.

Commenting on the partnership, Gaurav Gupta, Chief Growth Officer, MG Motor India, said, “MG Motor India has consistently advocated sustainability ever since it started operations in India, and has driven the development of a robust EV ecosystem in India. Our collaboration with the Epsilon Group signifies a strategic alliance aimed at realizing this vision through an efficient charging infrastructure which aids and complements a circular economy by way of second-life and end-of-life solutions for batteries. By combining our expertise and resources, we are helping pave the way for an efficient, accelerated adoption of EVs and aiming for a greener tomorrow.

Vikram Handa, Managing Director, Epsilon Group, said, “The MoU with MG Motor India marks a significant milestone in our journey towards promoting faster adoption for green mobility energy and circular economy principles. By providing custom charging technology and implementing innovative battery repurposing strategies, we are contributing towards building a greener, more sustainable tomorrow.

“This synergy will revolutionize the EV charging landscape, making electric mobility a viable and a truly sustainable option for all,” said Benny Parihar, CEO, Power EV. He further added that “Our innovation expertise driven by the opportunity of impacting India’s e-mobility in future will define the green story & shall support MG Motor to achieve their ambitious goals for enriching ease of Home Charging & Public Charging solutions for EV users in future.

Highlighting the significant impact of this partnership, Gaurav Dolwani, CEO, LICO Materials Pvt. Ltd. said, “Through our partnership with MG Motor India, we aim to set new standards for circular economy principles in the automotive sector; by providing comprehensive battery recycling and repurposing solutions to take lead in this sector. Technical experts from both sides will collaborate in working towards second life applications from used lithium-ion batteries from MGs EVs.

As an early mover in the EV space, MG Motor India has focused on developing both the EV ecosystem and the product offering. The carmaker has installed over 15,000 charging touchpoints nationwide, including public and home chargers. Under MG Charge, the company has already installed 500 charging points in 500 days and aims to install 1000 charging points soon. MG Motor India has been unlocking multiple possibilities with its partnerships with industrial players to increase accessibility and provide a seamless customer experience.

About MG Motor India

Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by celebrities, including British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 100 years. MG Motor India’s state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,00,000+ vehicles and 6,000 direct and indirect employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the innovative automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, the Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology, and MG Comet – The Smart Electric Vehicle.

Website: www.mgmotor.co.in

Facebook: https://www.facebook.com/MGMotorIN | Instagram: https://instagram.com/MGMotorIN 

Twitter: https://twitter.com/MGMotorIn/ | LinkedIn: https://in.linkedin.com/company/mgmotorindialtd

About Epsilon Group

Established in 2010, Epsilon Group is a leading industrial conglomerate driving the global carbon black and battery materials industry with a vision to decarbonize economies and support cleaner technologies. Through its subsidiaries, Epsilon Carbon and Epsilon Advanced Materials, the group has carved a niche for itself. Epsilon Carbon operates India's first fully integrated carbon facility in Bellary, Karnataka, specializing in carbon black and specialized carbon derivatives with an annual capacity of 115,000 metric tons and 320,000 TPA, respectively, and poised for expansion with its Carbon Black phase-2 facility. Meanwhile, Epsilon Advanced Materials Pvt. Ltd. established in 2018, is dedicated to sustainable and high-performance anode & cathode battery materials, pioneering India's first graphite anode material plant and making strategic global investments, including in North Carolina and Finland. With a recent foray into lithium-ion phosphate (LFP) based Cathode Active Material business, all aimed at supporting the global battery industry and contributing to sustainable development, truly exemplifying its motto to Energize the World.

Website: www.epsiloncarbon.com / www.epsilonam.com

LinkedIn: https://www.linkedin.com/company/epsiloncarbon / https://www.linkedin.com/company/epsilonadvancedmaterials

Twitter: https://twitter.com/EpsilonCarbon1/ https://twitter.com/EpsilonGraphite/

About LICO Materials

LICO Materials founded in 2021 plays a crucial role in battery circularity by engaging in end-of-life battery recycling and refurbishing. The company focuses on recovering critical materials such as lithium, cobalt, manganese, and nickel to be supplied back to battery manufacturers, contributing significantly to a sustainable future. The company has a state-of-the-art end of life Lithium-Ion Battery Recycling and Refurbishing plant in Navi Mumbai, Maharashtra and an upcoming facility at Bengaluru, Karnataka with a combined capacity of 4 GWh per annum.

Website: www.licomat.com/

LinkedIn: https://www.linkedin.com/company/licomat/

About Power EV

Headquartered in Wrocaw, Poland, Power EV stands as a beacon in the electric vehicle (EV) charging sector, boasting over three decades of expertise in electronic component manufacturing. The company focuses on crafting state-of-the-art EV chargers and software solutions that redefine the standards of the industry. Power EV core values embrace Innovation, Quality & Sustainability. The service offer includes a diverse array of products, including the wide range of AC & DC Chargers, which accommodate charging speeds from 22kW to 120kW. These products are complemented by our Power Panel Management Software, which empowers usage of charging stations with unprecedented ease and efficiency. Power EV embarks its journey with upcoming manufacturing facility by end of 2024 fostering local innovation & production – “Make in India” For more insights into Power EV's strategic initiatives and how we're driving change in the EV charging landscape, please contact us at:: info@dopower.eu

Website: www.dopower.eu

LinkedIn: https://www.linkedin.com/company/power-ev-international/

Air India New A350 Aircraft To Debut On Delhi-Dubai Route From May 1


Air India announced that it will deploy its brand-new A350 aircraft on the busy Delhi-Dubai route this summer, marking the aircraft’s debut on short-haul international flights.

Starting 1 May 2024, Air India guests flying between Delhi and Dubai can experience the A350 in its bold new livery. Operating as AI995/996, the aircraft is scheduled to depart Delhi daily at 20:45hrs, arriving at 22:45hrs in Dubai. The return flight departs Dubai next day at 00:15hrs and arrives in Delhi at 04:55hrs. All timings local.

With this, Air India becomes the only carrier to operate the A350 between India and Dubai.

The A350 seats on the Delhi-Dubai route are available for reservation on Air India’s website and mobile app or via travel agents.

Air India’s A350 aircraft feature 28 private suites with full-flat beds in Business, 24 seats in a dedicated Premium Economy cabin offering extra legroom and other enhancements, and 264 spacious seats in Economy. All seats on the A350 come with the latest-generation Panasonic eX3 in-flight entertainment system and HD screens that offer more than 2,200 hours of entertainment content from around the world.

Air India started inducting the A350s earlier this year, which have since operated flights within India for crew familiarisation and regulatory compliance purposes.

Air India currently operates a total of 72 flights a week to Dubai from five Indian cities, of which 32 flights are from Delhi.

Infosys Records Disappointing Quarter In April 2024; Muted FY25 Guidance


BUY

TARGET PRICE (Rs) : 1,750

Infosys reported a disappointing operating performance in Q4. Revenue declined 2.2% QoQ in cc terms, falling short of our expectations. Weakness was on account of persistent muted discretionary spending, along with a one-time impact of ~100bps due to re-scoping & re-negotiation with a large BFSI client. EBITM declined by 40bps QoQ to 20.1%, while adjusted for one-off impact from rescoping of a large BFSI contract, EBITM at ~21.1% fell slightly below our estimate of 21.4%. Large-deal TCV in Q4 was healthy at USD4.45bn, of which 44% is net new. Company has guided for revenue growth of 1-3% cc in FY25 (implying CQGR of 1.1-1.9%), with EBITM of 20-22%. Mgmt suggested that discretionary spending remains weak, as seen in H2FY24. Even after lowering revenue growth guidance through FY24, Infosys missed its implied Q4 guidance which raises concerns on growth predictability. We cut FY25-26E EPS by 6-6.5%, building in the Q4 miss, lower guidance, and higher ETR. Continual performance miss is likely to weigh on the stock, but valuation is not demanding (~5% FCF yield). We retain BUY with TP now at Rs1,750, on 25x Mar-26E EPS.

Results Summary

Infosys├ó€™s revenue declined 2.1% QoQ (down 2.2% in cc terms) to USD4.56bn, coming in below our estimate of USD4.64bn and missing Company├ó€™s implied guidance. If not for the one-time impact from re-scoping of a large contract, Company would have delivered growth within its guided range. Reported EBITM declined by 40bps QoQ to 20.1%, logging below our estimate of 21.4%. Both, revenue and margin, saw a 100bps impact due to renegotiation and rescoping of a large contract with a BFSI client. Margins were also negatively impacted, by 80bps, due to wage hikes implemented in Nov-23, higher brand building, and visa expenses offset by tailwinds from lower provision for client receivables (60bps), benefits of project Maximus (40bps) and lower impact from the cyber security incident (40bps). Among verticals, BFSI (-7.1% QoQ), Retail (-4.1%), Manufacturing (-3.4%), and Life Sciences (-6%) saw a decline, while Communications (5.6%), Hi-Tech (10.6%), and ERU (0.1%) saw growth. All geographies witnessed a decline on sequential basis, with North America and Europe down 1.1% and 0.7%, respectively. Deal-win TCV was healthy at USD4.45bn. Total headcount declined 1.7% QoQ to 317,240. Company has declared a final dividend of Rs20, along with a special dividend of Rs8 per share. What we liked: Healthy deal intake, cash conversion (FY24 OCF/EBITDA: 71.6%), further reduction in LTM attrition (12.6% vs 12.9% in Q3). What we did not like: Operating performance miss; lower revenue guidance for FY25.

Earnings Call KTAs

i) In Q4, Company had re-scoping and renegotiation of one of the large contracts in the BFSI segment, leading to a one-time impact of ~100bps in Q4. Nearly 85% of the scope of the contract continues as-is. Management indicated this to be an isolated incident. ii) Company continues to witness macroeconomic effects (high inflation and interest rates) in BFSI, in turn leading to cautious spending by clients. iii) Management expects the normal seasonality to play out in FY25 per its guidance, i.e. H1 to be stronger than H2. iv) Communication clients maintain a cautious approach amid growth concerns and challenges. Growth in coming quarters will be led by ramp-ups of previously won deals. v) Micro-concerns in Hi-tech persist, leading to delay in deal closures, decision-making, and clients' repurposing spend. Discretionary programs have been kept on hold. vi) Company expects FY25 growth to accelerate from FY24 levels in Financial Services and Telecom, due to large-deal wins. Manufacturing, while still showing healthy growth, will see lower growth vs FY24. Hi-tech is expected to remain soft. vii) Effective FY25, Company expects to continue its capital allocation policy of returning ~85% of FCFs cumulatively over a 5-year period (FY25-29). viii) It acquired in-tech, a leading ER&D services provider focused on the German automotive industry, for a cash consideration of EUR450mn (EV/S 2.6x). The acquisition is expected to close during H1FY25.

Bangalore Reclaims 3rd Spot From Hyderabad - Uber’s Annual Lost And Found Index In 2024


With Mercury in retrograde, making people more forgetful than ever, Uber today released the 2024 edition of its Lost and Found Index, a snapshot of the most frequently forgotten items, the most forgetful cities, as well as the days of the week and times of the year when Uber riders tend to be most forgetful.

Delhi bagged the title of the most forgetful city in the country for the second year in the running, even as Mumbai retained its second spot. Bangalore reclaimed its 3rd place from Hyderabad, which slipped to 4th as residents became more watchful about their belongings. Pune rounded up the top 5 most forgetful cities in the country. Backed by insights and data, Uber’s Lost and Found Index aims to educate riders in a fun yet informative manner about in-app options available to them at the tap of a button, in case they lose or forget something in their Uber during their trip.

Over the last year, objects including phones, bags, wallets and clothing top the list of items left in Ubers across India, followed by utility items such water bottles, keys, and accessories such as spectacles and jewelry. Indians also forgot unique things such as a Ukulele instrument, a coin collection, prasad and hair trimmer. Riders also left behind important documents such as passports, bank and business papers in their Ubers. 

Commenting on the Index, Nitish Bhushan, Head of Central Operations, said, “We’ve all been riders, and have had that moment where we suddenly realised we left behind a precious item or even a cherished belonging in a cab. With Uber, you have the option to attempt retrieving the lost item by simply following a few steps in the app. We understand the trust riders put in us each time they take an Uber ride, and we felt the time was opportune to provide a quick refresher course on how to retrieve lost items.”

Connecting the trends:

People are most likely to forget their belongings in an Uber on Saturdays

People tend to forget blue coloured items the most in Ubers, followed by red and pink

Evenings made people most forgetful, with most items left behind around 7PM

Riders with Apple devices were most forgetful during the year gone by

People forgot most items in Ubers last year during the festive days around Diwali

Below is the snapshot of insights from Uber Lost and Found Index India 2023:

Top 10 Most Commonly Forgotten Items

Phone

Laptop bags

Clothing

Keys

Headphones

Wallet

Spectacles/sunglasses

Water Bottle

Jewelry

Watch

Top 5 Most ‘Forgetful’ Cities

Delhi

Mumbai

Bangalore

Hyderabad

Pune

Top 3 Most Forgetful Days of the Year

Nov 10

Nov 9

Nov 11

Top 3 Most Forgetful Days of the Week: The Weekend

Saturday

Friday

Sunday

The Most Forgetful Time of the Day for Indians: Evenings

7 pm

8 pm

6 pm

Top 3 Colours of Forgotten Items

Blue

Red

Pink

Top 3 Phone Brands Left in Ubers

Apple

Samsung

Redmi

Top 5 Most Unique Lost Items

Ukulele instrument

Coin collection

Gate valve

Cornflakes

Prasad

Here’s a quick guide for riders looking for “Lost Items”:

*        Tap on “Menu” icon

*        Tap “Your Trips” and select the trip where you left something

*        Tap “Report an issue with this trip”

*        Tap “I lost an item”

*        Tap “Contact my driver about a lost item”

*        Scroll down and enter the phone number you would like to be contacted at. Tap submit

*        If you lost your phone, enter a friend’s phone number instead

*        Your phone will ring and connect you directly with your driver’s mobile number.

*        If your driver picks up and confirms that your item has been found, coordinate a mutually convenient time and place to meet for its return to you

*        If you are unable to connect with the driver, use ‘in-app support’ to report the loss, and Uber Support Team will step in to help you

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 10 billion trips later, we're building products to get people closer to where they want to be. Uber is available across 125 cities in India where people can book a ride on our app across two, three and four wheel products designed for their intracity and intercity travel needs. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

ICICI Securities Record Healthy Revenue Growth In Q4FY24 And FY24 Performance


ICICI Securities, a part of the ICICI Group and one of India’s leading financial services platforms, meeting end-to-end financial needs of its customers across Trading, investments and loans, today declared its financial and operational performance for the Financial and Quarter ending 31st March 2024.

The company registered a healthy revenue growth with market share improvement across various revenue generating parameters

Key Highlights for Q4FY24

:• Overall revenue at ? 1,544 crore, up 74% YoY 

Profit after tax at ?537 crore, up 104% YoY

Overall Client assets at ?7.0 lakh crore, up 19% YoY

The company declared a 2nd interim dividend of ? 17/ share, taking the full year dividend to ? 29/share

Revenue Growth: ICICI Securities reported revenue growth across various business segments. Retail Equities and Allied revenue stood at ?904 crore, marking an 84% year-on-year (YoY) increase, within which equity revenue grew by 143% YoY to ?351 crore and derivative revenue grew by 24% YoY to ?145 crore. Distribution income stood at ?190 crore. On the institutional side, Issuer Services and Advisory revenue escalated to ?105 crore, reflecting a healthy YoY increase as compared to lower base last year while Institutional Equity & Allied Revenue reached ?108 crore, a noteworthy increase of 118% YoY. Private Wealth Management (PWM) revenue stood at ?490 crore, up 92% YoY. Mutual Fund distribution revenue grew by 27% YoY, loans distributed for Q4FY24 stood at ?1,873 crore, up 50% YoY.

Market Share Improvement: In Q4FY24, ICICI Securities strengthened its market share across multiple segments. Retail cash equity market share improved from 11%3 to 13% YoY. The retail derivative market share2 also rose from 7% to 8% YoY. The company has continued to improve its market share in the commodity1 market segment from 6% to 7% YoY. Furthermore, ICICI Securities has maintained its position in the MTF (Margin Trading Fund) segment with a ~20% market share.

Client Growth: ICICI Securities added ~7,500 Private Wealth Management (PWM) clients, taking its PWM client base over 1.08 lakh.

Client Asset Growth: As of March 31, 2024, ICICI Direct’s total client assets reached approximately 7 lakh crores, marking a significant 19% YoY increase. The PWM Assets Under Management (AUM) reached 4.1 lakh crore, reflecting a strong 28% YoY growth.

Key Highlights for FY24:

Revenue stood at ? 5,051 crore, up 47% vs FY23 and PAT at ? 1,697 crore, up 52% YoY.

3Based on the revised disclosures by NSE for retail individual category in the equity segment from April’23. The market share so computed is therefore not comparable with the market share for Q4FY23 computed using earlier disclosures for others category.

1Excluding FII, DII and Prop

2Calculated basis Option premium and future turnover

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates www.icicidirect.com, India’s leading virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit: www.icicisecurities.com

Mahindra Lifespaces Sells Homes Worth ?350 Cr In Two Days At Mahindra Zen, Bengaluru’s 1st Net Zero Waste + Energy Homes


Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, today announced the successful launch of Bengaluru's 1st Net Zero Waste + Energy residential project, Mahindra Zen. The project witnessed an outstanding response from homebuyers, with over 150 homes booked within just 2 days, that is ~ 65% of the launched inventory. This remarkable achievement, totaling over ?350 crores in value, underscores the growing demand for sustainable living solutions in Bengaluru.

Against the backdrop of rising environmental concerns, Mahindra Lifespaces' innovative offering has resonated strongly with homebuyers, reaffirming the company's position as a leader in sustainable real estate development.

Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Limited said, “The successful sales of Mahindra Zen reinforces our commitment to environmentally responsible development and highlights the growing preference for sustainable living among our customers in Bengaluru. As pioneers of Net Zero homes in the country, we aim to contribute to reducing the environmental impact of real estate and are delighted with the response that our project has received. This achievement highlights the increasing awareness and desire among homebuyers to contribute to a greener future.”

Mahindra Zen offers ‘nature-crafted living’ with features inspired by the five elements of nature viz. Earth, Fire, Wind, Water, and Air: like the urban forest, solar-powered working pods, and symphony corner. Additionally, Mahindra Zen embodies a climate-responsive design with features such as solar- powered amenities and low-flow sanitary fixtures, contributing to resource conservation. With amenities also promoting sustainable living, Mahindra Zen reflects a holistic approach to community well-being.

The location of Mahindra Zen offers easy access to major business parks and IT hubs like Electronic City, ensuring convenient daily commute. The neighborhood features renowned educational institutions, shopping centers, supermarkets, entertainment venues, and dining options, catering to family needs. Residents can also enjoy Bengaluru's vibrant nightlife, adding to the overall lifestyle appeal.

About Mahindra Lifespace Developers Ltd.

Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company’s development footprint spans 35.06 million sq. ft. of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations.

Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.

The first real estate company in India to have committed to the global Science Based Targets initiative (SBTi), all Mahindra Lifespaces’ projects are certified environment friendly. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. Mahindra Lifespaces® is the recipient of over 90 awards for its projects and ESG initiatives.

Learn more about Mahindra Lifespaces® at www.mahindralifespaces.com

Thursday, April 18, 2024

Suzuki Motorcycle India Expands Its Dealership Footprint In Kerala


* Inaugurates new dealership in Thiruvananthapuram

Further expanding its reach in Kerala, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today inaugurated its new dealership - Indus Suzuki in Thiruvananthapuram, Kerala.

Located at Sarada Complex, Step Junction, Near Bharat Petroleum Pump, Mannanthala, Thiruvananthapuram, Indus Suzuki offers a unique experience to its customers in the city. The dealership is dedicated to addressing diverse sales requirements and is equipped with infrastructure to deliver the highest standards of After Sales Service.

Welcoming the new business partner to Suzuki family, Mr. Devashish Handa, Executive Vice President, Sales & After Sales, Suzuki Motorcycle India said, “Inaugurating our new dealership in Thiruvananthapuram, Kerala, marks our efforts to not only come closer to our customers in the city but also to establish Suzuki’s high standards of customer experience. We extend our gratitude to the promoters of our new dealership, M/s Indus Motor Company Private Limited, for their confidence in Brand Suzuki. Our commitment of expanding a network of Dealerships nationwide remains steadfast, ensuring that customers have access to quality offerings and an elevated purchasing experience.”

Indus Suzuki offers a complete range of Suzuki’s domestic scooters and motorcycles. This includes Suzuki Avenis, Access 125, Burgman Street, Burgman EX, V-Strom SX, Gixxer SF250, Gixxer 250, Gixxer SF & Gixxer. Additionally, this dealership will provide the latest range of accessories, apparel, and merchandise offered by the company.

ABOUT SUZUKI MOTORCYCLE INDIA PVT LTD (SMIPL)

Suzuki Motorcycle India Private Limited is a subsidiary of Suzuki Motor Corporation, Japan having the same manufacturing philosophy of PRODUCTS OF SUPERIOR VALUE right from the inception. SMIPL started its India operation in February 2006 and manufactures two-wheelers best suited for valuable Indian customers.

PhonePe’s Share.Market Introduces Futures & Options Segment With Focus On Intelligence


-          Total Share.Market lifetime customers are 1.55M with over 1.4M monthly active MF SIP transactions

-          On the app, Share.Market has over 75 K daily users engaging actively with the intelligence layer, with 1.5L demat accounts

Share.Market, a PhonePe product, today announced the launch of its Futures and Options (F&O) segment. This addition marks a significant milestone in the platform's mission to empower traders with comprehensive trading tools and resources which will facilitate an enhanced trading experience with a dedicated focus on the Intelligence layer.

Within seven months of the launch of the business, total Share.Market lifetime customers are over 1.55M with over 1.4M monthly active MF SIP transactions. In addition, Share.Market has been able to provide access to Intelligence to over 75,000+ users (daily app engagement) with 1.5L demat accounts.

The introduction of F&O capabilities on Share.Market enhances the platform's offerings, with a comprehensive Option chain analysis to track Options. Futures and Options contracts across various Indices and Stocks play a role in Investor and Trader journey to manage risk, hedge positions, and enhance the overall return profile through efficient portfolio management.  To bring more Intelligence, trader focused data points around greeks and strategy building with effective money management will be rolled out.

Key features of the F&O offering include:

Robust Trading Interface: A user-friendly interface designed to streamline the trading process, enabling Traders to execute F&O trades with ease and efficiency. Effective risk management capabilities around tracking and managing orders includes optimal capital allocation and timely exits.

Evolving Intelligence layer: Enhanced Option Chain with Max Pain, Put Call Ratio (PCR) and easy visualization of Open Interest (OI) change, together with charting capabilities of individual Future and Option instruments has been launched. Many more features around hedging, mechanics for strategy selection, building blocks behind strategy execution and management are all in the pipeline. 

Leveraging Pledge for Margin Trading: For seasoned traders, there is an option of getting collateral margin through pledging of existing holdings.

Educational resources: Along with an Intelligence layer on the platform, augmenting with access to educational resources, tutorials, and webinars to help traders deepen their understanding of F&O trading strategies and concepts.

Talking about the launch of F&O, Ujjwal Jain, CEO, Share.Market said, "As Investors and Traders empower themselves to Invest and Trade better, Share.Market has been able to take the ambitious steps to elevate Discount Broking powered by Intelligence.” He further added, “With the launch of Futures and Options trading to our platform, we are further expanding our suite of offerings. This addition will further strengthen our efforts to empower investors and traders with the tools and resources they need to navigate today's dynamic financial markets.”

The launch of the F&O feature underscores Share.Market’s dedication to innovation and customer-centricity. By continuously enhancing its platform with new features and capabilities, Share.Market remains at the forefront of the industry, catering to the evolving needs of investors and traders.

Launched in August end 2023, Share.Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and a great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share.Market offers stocks (intraday and delivery), Exchange-Traded Funds (ETFs), Mutual Funds, and WealthBaskets. 

Website: https://share.market

Download the App: 

*        https://apps.apple.com/in/app/share-market-invest-like-a-pro/id6444640366

*       https://play.google.com/store/apps/details?id=com.phonepe.stockbroking

About PhonePe Wealth Broking: PhonePe Wealth Broking Private Limited, incorporated in April 2021 is a subsidiary of PhonePe Private Limited and is registered with NSE and BSE as a Stock Broker, with CDSL as a Depository Participant with SEBI as a Research Analyst and with AMFI as a Mutual Fund distributor. Launched in August 2023, Share.Market, a brand of PhonePe Wealth Broking and affiliates, is a wealth and investment platform (app & website), catering to investors and traders of all expertise levels. The platform offers a wide range of investment products, including Stocks, Mutual Funds, WealthBaskets, and more.

About PhonePe Group: 

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just 7 years, the company has scaled rapidly to become India’s leading consumer payments app with 520+ million registered users and a digital payments acceptance network of 38 million merchants. PhonePe also processes 230+ million daily transactions with an annualized Total Payment Value (TPV) of USD 1.5+ Trillion. On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus App Store - India's first localized App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

For more details, contact: media@share.market

Air India Express Launches 19th Anniversary Celebrations With A Powerful #VoteAsYouAre Initiative


* The airline is offering 19% off on the base fare across its network for first-time voters aged 18 to 22 flying home to cast their votes

In the run up to its 19th anniversary on 29th April, the airline announced a campaign for first time voters, true to its legacy of connecting people, places, and cultures. Air India Express unveiled its #VoteAsYouAre initiative and campaign to empower and mobilise the youth of India to exercise their voting rights in the forthcoming 18th Lok Sabha elections. The airline is offering 19% off across its domestic and international network for first-time voters, between the ages of 18 and 22, flying to cast their votes. Bookings can be made on the airline’s award-winning mobile app and website, airindiaexpress.com for travel to the airport nearest to the respective constituency of the voter, between 18th April and 1st June 2024.

Air India Express has been dedicated to weaving a tapestry of connections that transcend geographical boundaries, embodying the spirit of new India. #VoteAsYouAre is designed to recognise the importance of voting, especially among those eligible to vote for the first time in this election, the world’s biggest democratic exercise ever, with nearly 1 billion people eligible to vote, more than the populations of the United States, the European Union and Russia combined. This initiative encourages the youth of India to exercise their franchise, make their voice heard and participate in shaping the future of the nation.

Speaking about the initiative, Dr Ankur Garg, Chief Commercial Officer, Air India Express said, "Air India Express has always served as a catalyst for change - uniting people, places, and cultures across borders. As we gear up for our 19th anniversary, #VoteAsYouAre symbolises our commitment to empowering and galvanising the youth in shaping the future of our nation while fostering a culture of active citizenship and democratic participation. With this initiative, we want to make it easier for first-time voters to exercise their right to vote while also expressing our gratitude for their engagement in shaping the future of our country."

Air India Express flies to 31 destinations across states in India, including Amritsar (Punjab), Ayodhya (Uttar Pradesh) Bagdogra (West Bengal), Bengaluru (Karnataka), Bhubaneswar (Odisha),  Chennai (Tamil Nadu), Delhi, Goa (Goa), Guwahati (Assam), Gwalior (Madhya Pradesh), Hyderabad (Telangana), Imphal (Manipur), Indore (Madhya Pradesh), Jaipur (Rajasthan), Kannur (Kerala), Kochi (Kerala), Kozhikode (Kerala), Kolkata (West Bengal), Lucknow (Uttar Pradesh), Madurai (Tamil Nadu), Mangalore (Karnataka), Mumbai (Maharashtra), Pune (Maharashtra), Ranchi (Jharkhand), Srinagar (Jammu and Kashmir), Surat (Gujarat), Tiruchirappalli (Tamil Nadu), Thiruvananthapuram (Kerala), Varanasi (Uttar Pradesh), Vijayawada (Andhra Pradesh), Visakhapatnam (Andhra Pradesh).  

First time voters can avail this offer across the fare family of Air India Express that include four fare products – Xpress Lite (cabin baggage only fares), Xpress Value (15 kg check-in bag fares), Xpress Flex (unlimited changes with no change fees) and Xpress Biz (Business Class seating with complimentary Gourmair meals & priority services). Details on how to book and conditions of the offer are listed on airindiaexpress.com.  

About Air India Express

Air India Express, is a subsidiary of Air India and a part of the Tata group, operating over 360 daily flights, connecting 31 domestic and 14 international airports, with a fleet of 73 aircraft, comprising 45 Boeing 737s and 28 Airbus A320s. Air India Express invites guests with the proposition to ‘Fly As You Are’, using thoughtfully considered technology to enable flyers to personalise and take charge of their travel experience. The airline offers Gourmair hot meals, comfortable seats, pioneering in-flight experience hub AirFlix, and a host of exclusive loyalty benefits with a sense of unique Indian warmth, and an award-winning digital experience on its mobile app and website, airindiaexpress.com. 

Yamaha Launches AEROX 155 Version S Equipped With Smart Key With Starting Price Of 1,50,600/- (Ex-Showroom)


*           Smart Key features include Answer Back, Unlock, and Immobilizer

*           AEROX 155 Version S exclusively available in the Silver and Racing Blue colour shades

India Yamaha Motor (IYM) Pvt. Ltd., in alignment with ‘The Call of the Blue’ brand campaign, has today launched the AEROX 155 Version S embodying the spirit of performance, style, and innovation. The latest version of the Maxi-Sports Scooter comes with the advanced Smart Key technology aimed at enhancing convenience and security for riders manoeuvring through urban settings. The AEROX 155 Version S, will be exclusively available at Blue Square showrooms, in two captivating colour shades - Silver & Racing Blue at a price of Rs. 1,50,600 (Ex-showroom, Delhi).

The Smart Key feature of the AEROX 155 Version S is crafted to redefine urban mobility and provide a seamless experience to the riders. Notably, its answer-back capability assists in locating the scooter amid bustling city environments, activating flashing blinkers and a buzzer sound for easy identification in crowded areas. Additionally, the keyless ignition streamlines the startup procedure, enabling riders to effortlessly start their scooter through proximity detection, eliminating the hassle of manual key insertion. The rider can smoothly start the vehicle by rotating the knob to ignition position and simply push the start button.

This innovation not only enhances convenience but also bolsters security by reducing the risk of unauthorized access or theft. The smart key incorporates an immobilizer function, ensuring the scooter's protection when the key is out of range, providing riders with peace of mind against potential threats. Ultimately, the Smart Key functionality of the AEROX 155 Version S redefines the user experience by seamlessly integrating convenience, security, and advanced technology, offering a smoother and more enjoyable journey for riders in today's bustling urban landscapes.

Speaking on the occasion, Mr. Eishin Chihana, Chairman, Yamaha Motor India Group of Companies said, “Since its launch, the AEROX 155 has been a resounding success, captivating dynamic customers with its impressive performance and extraordinary design. As Indian cities evolve, the need for efficient transportation solutions has grown substantially, prompting Yamaha to lead with innovations that not only address but surpass the evolving demands of riders. The integration of Smart Key technology into the AEROX 155 exemplifies this commitment. Seamlessly blending convenience and utility, the new Smart Key feature sets a new standard for urban mobility experiences. The Yamaha AEROX 155 has long been celebrated for its performance and style, and the introduction of the Version S signifies an important stride in our ongoing dedication to enhancing the rider experience.”

The AEROX 155 flaunts a bold body size, sleek athletic proportions, and striking X Centre motif, making it a preferred choice for urban mobility and highway cruising alike. It features Traction Control System (TCS) and is powered by a new generation 155cc Blue Core engine equipped with Variable Valve Actuation (VVA). Mated to a CVT transmission, the liquid-cooled, 4-stroke, SOHC, 4-valve motor produces a max power output of 15 PS at 8,000rpm with 13.9 Nm of peak torque produced at 6,500rpm. The Maxi-sports Scooter by Yamaha is E20 fuel compliant, has an on-board diagnostics (OBD-II) System and also gets hazard system as a standard feature.

These exciting updates reinforce Yamaha's dedication to innovation and customer satisfaction, setting new benchmarks in the scooter segment. As the AEROX 155 continues to captivate riders nationwide, Yamaha remains at the forefront of revolutionizing urban experience on two-wheels.

AEROX 155 Version S Video Link: https://youtu.be/6TruKY87gd4

About Yamaha Motor India group of companies:

Yamaha Motor made its initial foray into India in 1985 as a joint venture. In August 2001, it became a 100% subsidiary of Yamaha Motor Co., Ltd, Japan (YMC). In 2008, Mitsui & Co., Ltd. entered into an agreement with YMC to become a joint investor in India Yamaha Motor Private Limited (IYM). IYM's manufacturing facilities comprise State-of-the-art plants at Surajpur (Uttar Pradesh) and Kanchipuram (Tamil Nadu). The infrastructure at these plants supports the production of motorcycles and parts for the domestic as well as overseas markets. YMC has established its subsidiaries - Yamaha Motor Research and Development India Pvt Ltd. (YMRI), Yamaha Motor India Sales Pvt Ltd. (YMIS) and Yamaha Motor India Pvt Ltd. (YMI) in India to independently support IYM in the development, sales & marketing of its products and overall business planning & regional control respectively. Presently, its product portfolio includes YZF-R3 (321cc), MT-03 (321cc), YZF-R15 V4 (155cc), YZF-R15S V3 (155cc),  MT-15 V2 (155cc); FZS-Fi Version 4.0 (149cc), FZS-Fi Version 3.0 (149cc), FZ-Fi Version 3.0 (149cc), FZ-X (149cc), AEROX (155cc) and scooters like Fascino 125 FI Hybrid (125cc), Ray ZR 125 FI Hybrid (125cc), Ray ZR Street Rally 125 FI Hybrid (125cc).

Uorfi Javed Joins Forces With The Health Factory To Spread The Message Of Healthy Eating


 The Health Factory, renowned for its commitment to wholesome and nutritious food products, proudly announces its latest collaboration with actor Uorfi Javed. This partnership marks a significant step in the brand's mission to inspire healthier eating habits by advocating for the consumption of the right bread for daily nutritional needs.

Partnering up with fashion and social media icon Uorfi Javed, known for setting fashion trends, The Health Factory aims to captivate Gen Z and a broader audience through an engaging social media reel. The reel ad will be shared across various digital and social media platforms and major media channels, offering entertaining content to encourage viewers to choose healthier Original Zero Maida Bread over regular whole wheat or brown bread.

Expressing her excitement about the collaboration, Uorfi Javed said, "As an actor, I hold deep commitment to staying healthy.  I consciously opt for clean eating, prefer gluten free products as it is the way to go for a healthier gut, while propogating healthier lifestyle choices. The Health Factory's initiative is inspiring millennials and Gen Zs to reimagine their bread choices. It's been an absolute joy being a part of this campaign."

At the heart of this collaboration lies the message encapsulated in the slogan #Bread Badlo Aadat Nahi (Change the Bread, Not the Habit), reflecting The Health Factory's innovative stance on reshaping attitudes towards bread consumption. Through compelling content, the collaboration aims to disseminate this message to a wider audience across various digital platforms.

The reel seamlessly showcases the brand's range of breads, all free from added preservatives and colors, ensuring guilt-free indulgence for consumers. With Uorfi Javed leading the reel, The Health Factory harnesses the power of social media to spearhead a movement towards informed choices in daily consumption.

The Health Factory's products are readily available for purchase offline at general and modern retail stores in Mumbai, Delhi NCR, Pune, Bangalore, Chennai, or online via leading e-commerce platforms such as Bigbasket, Zepto, Blinkit, and Swiggy Instamart.

This collaboration highlights the unique selling points of Original Zero Maida Bread, emphasizing its freedom from added preservatives and colors, guaranteeing a guilt-free indulgence for consumers. With Uorfi Javed at the forefront, The Health Factory leverages the influence of social media to champion informed decisions in daily consumption habits.

About The Health Factory

Founded in 2018, The Health Factory emerges as a trailblazer startup in wholesome nutrition, boasting a commitment to innovation and a dedication to challenging conventional norms. In response to growing concerns over the purity and nutritional content of commercial bread, The Health Factory takes center stage, dedicated to reinstating faith in this timeless staple.

With a resolute mission, the company aims to deliver bread in its purest form, devoid of any chemical preservatives, added colors, and maida. Prioritizing consumer health, their meticulously crafted range of healthy breads offers guilt-free options without compromising on taste.

The Health Factory aspires to redefine how India approaches bread consumption, transforming it from a mere source of sustenance into a beacon of health and well-being. Each bite signifies a celebration of unadulterated goodness, inviting individuals to embrace a new era of bread-eating that guarantees authenticity, quality, and, above all, prioritizes their well-being.

Link to the campaign video: https://www.youtube.com/embed/0K3AKw7YGI4?feature=oembed

IN-SPACe CANSAT India Student Competition 2024 Is A Resounding Success In Fostering Future Space Innovators


~ Team Vihanga from Lovely Professional University emerged triumphant among 28 Teams from across the country to win the competition

The IN-SPACe CANSAT India Student Competition, a collaborative effort between the Indian National Space Promotion and Authorization Centre (IN-SPACe) and the Astronautical Society of India (ASI), concluded after two days of intense competition. The event saw 28 teams from across the country come together in a thrilling display of innovation and ingenuity as they competed in designing, developing, and launching their own CAN-sized satellites.

The competition culminated in a prize and certificate distribution ceremony where teams were recognized for their achievements in various categories, including best overall design, technical innovation, and mission accomplishment. Team Vihanga from Lovely Professional University won the first prize while Team Dyaus from the Institute of Technology, Nirma University won the second prize and Team M.A.T.R.I.X from the Bharath Institute of Higher Education and Research got the third prize. The other winners included Team VINIDRA from MKSSS' Cummins College of Engineering for Women, which won the prize for Best Team Work and Team NAMBI VJ from the Vidya Jyothi Institute of Technology, which won the prize for Best Design.

Shri. S. Somanath, Secretary- Department of Space (DoS), Chairman- ISRO and President- Astronautical Society of India (ASI), graced the event as the Chief Guest and shared his thoughts on the importance of nurturing young talent in the space sector. He said, "The CANSAT competition is a testament to India's commitment to fostering a culture of innovation and scientific exploration. By motivating students to opportunity to gain hands-on experience through a competitive platform and mentorship, we are empowering them to become the next generation of space scientists, engineers, and entrepreneurs."

The competition provided a unique platform for students to gain practical experience in space science and technology. Teams successfully rose up to the challenge of launching their CANSATs to an altitude of 800 meters using drones. This hands-on challenge not only tested their technical skills but also encouraged a deep understanding of the practical aspects of satellite technology as the participants had to consider various aspects such as payload design, telemetry systems, and recovery mechanisms. The event fostered teamwork, problem-solving skills, and a passion for space exploration among the participants.

Dr. Pawan Goenka, Chairman, IN-SPACe was enthusiastic about the event's success and said, "The response to the IN-SPACe CANSAT Competition has exceeded our expectations. Witnessing the dedication, creativity, and technical prowess of these young minds has been truly inspiring. We could see the spark of passion for space in the participants and I am confident that they will be the driving force behind India's future space endeavours. This reassures our commitment to continue to nurture inculcate a space science and technology temperament among the student community.”

Dr. Vinod Kumar, Director-Promotion Directorate, IN-SPACe and Executive Secretary, Astronautical Society of India (ASI) highlight the significance of the event, "We are happy that the IN-SPACe CANSAT Competition has been successful in showcasing the immense potential of such initiatives to create India's future space force from the student community. By providing a platform for them to demonstrate their skills, the event has sown the seeds of curiosity and ambition that will propel them towards successful careers in the space industry in the near future."

Beyond the competition itself, the event also served as a platform for networking and collaboration, fostering connections between students, industry professionals, and space agencies. It provided the Indian space industry an opportunity to recruit the best student minds who were part of the CANSAT teams. The resounding success of the IN-SPACe CANSAT India Student Competition 2024 has firmly established it as a cornerstone event in promoting space education and innovation in India.

For more information about the IN-SPACe and its events, visit https://www.inspace.gov.in/inspace

About IN-SPACe:                                                                        

Indian National Space Promotion and Authorization Centre (IN-SPACe) is an autonomous nodal agency attached to the Department of Space, Government of India formed on 24 June 2020 to promote, enable, authorize and supervise non-government entities (NGE) to undertake space activities. These activities include manufacturing of launch vehicles and satellites, providing space-based services, establishing a ground station, sharing of space infrastructure & facilities; and establishing new facilities under DOS.

IN-SPACe is currently functioning with three directorates viz., Promotion Directorate (PD), Technical Directorate (TD) and Program Management and Authorization Directorate (PMAD) and Legal, Finance and Administration Wing with its headquarters at Ahmedabad.  

Visit us at www.inspace.gov.in

Bangur Cement Launches An Innovative Multimedia Campaign Inspiring Citizens To Vote


·         Bangur Cement launches a sequel to its successful “Solid Ghar” campaign with the message of “Vote Solid, Desh Solid” to inspire citizens to vote during the election period

·         Bangur Cement encourages  citizens to take a intent for voting at votekavachan.bangurcement.com with a promise to donate 1 KG of cement for every pledge to vote which would be used for social welfare purposes

Bangur Cement unveiled a new multimedia campaign inspiring the citizens of the nation to exercise their right to vote. The campaign, 'Vote Solid, Desh Solid', highlights the importance of each individual's vote in making the nation more solid. The campaign is innovative because it is a sequel to the previous brand launch campaign featuring popular Bollywood star Sunny Deol.

The key message of the campaign is ‘Vote Solid, Desh Solid.’ Just as Bangur Cement helps you build a solid home, you can help build a solid nation by exercising your right to vote.

Further, the brand encourages citizens to take a pledge to vote, through its “Vote ka Vachan” button on it’s website votekavachan.bangurcement.com. Bangur Cement has pledged to donate 1 KG of cement for every pledge to vote which would be used for social welfare purposes. Bangur Cement is tying up with relevant NGOs and Self Help Groups to help fulfil this pledge.

Speaking about the campaign, Mr Neeraj Akhoury, Managing Director, Shree Cement, said, "Bangur Cement’s ‘Vote Solid Desh Solid’ campaign and the ‘Vote Ka Vachan’ pledge are a continued reflection of our commitment for building a progressive nation with inclusive growth through our brands, products and network.”

Link of the TVC: https://www.youtube.com/playlist?list=PL3UlNr-cQ3g6DEzrReGiJCcoIeET9PUmo

About Shree Cement Limited

One of the leading cement groups in India, Shree Cement Limited (‘SCL’) (BSE: 500387/ NSE: SHREECEM) is known for its industry leading green credentials, cutting edge innovative practices and cost leadership. It follows ‘highest standards of Corporate Governance and has a long history of enjoying stakeholders’ trust. Shree Cement is known for its high-quality products which are manufactured at advance manufacturing facilities across India and UAE. It is determined to deliver the most sustainable building material solutions to its consumers. The company is relentlessly pursuing its goal of having more than 80 million tonnes of production capacity in the coming years.

Dr. Pavuluri Subba Rao, Founder, CEO And Chairman of Ananth Technologies Conferred With ASI’s ‘Arybhata award’


Ananth is extremely happy and proud that its Founder, CEO and Chairman Dr. Pavuluri Subba Rao has been conferred with the Aeronautical Society of India (ASI)’s ‘Arybhata award’ and also presented with the title of ASI’s ‘Distinguished Fellow’.

The Aryabhata award is in recognition of Dr. Rao’s tremendous lifetime contribution to the promotion of Astronautics in India. It is a great honor to receive this prestigious award from Shri. S Somanath, President, ASI and Chairman, ISRO and from Dr Kiran Kumar ,former Chairman ISRO

Dr. Rao was a scientist at ISRO and in 1992 incorporated Ananth Technologies Limited to indigenously design and develop some of the most sophisticated avionics for ISRO and Defense in India. Ananth currently employees 1600+ across its three Centers of Excellence in Hyderabad, Bengaluru and Thiruvananthapuram. 

ATL has contributed to 98 satellites and 78 launch vehicles so far for Indian space programs.

Lithium Battery Giant Sieger Tech Appoints Kuldeep Magiri As New The Chief Operating Officer


* Former Varroc Head of Operations to Bring Vast Industry Experience to New Leadership Role

Sieger Tech, a leading name in the lithium battery industry, officially announces the appointment of Kuldeep Magiri as its new Chief Operating Officer (COO). Kuldeep, with extensive expertise in operations and manufacturing, is a vibrant force bringing invaluable proficiency to drive Sieger Tech's growth trajectory. 

In his previous role as Head of Operations at Varroc Group, a prominent motor manufacturing firm, Kuldeep’s track record is proof that his strategic implementations have significantly enhanced cost-effectiveness, operational flexibility, and customer satisfaction. With extensive expertise in the manufacturing and automotive sectors, Kuldeep's leadership and strategic vision align with Sieger’s goals of innovation, sustainability and market dominance, in perfect harmony.

Sieger Tech has long been at the forefront of innovation in India's lithium-ion battery and Battery Energy Storage Systems (BESS) market. Establishing a full-scale R&D center in 2017 and pioneering state-of-the-art manufacturing facilities with a capacity of 100MWH, its prestigious research project for Indian Military Application in 2022 underscored its prowess. Guided by principles of quality, reliability, and productivity, Sieger Tech continues to capture significant market share, pioneer advancements in battery technology and solidify its position as an industry frontrunner with an additional manufacturing capacity of 0.1 GWH, totaling 0.6 GWH and scalable to 2 GWH per annum. 

Commenting on the appointment, Sieger Tech's CEO Mr. GURU Prasanth Reddy remarked, "We are thrilled to welcome Kuldeep Magiri to the Sieger Tech family as our new COO. His proven track record in operations management and deep understanding of the manufacturing landscape make him the perfect fit to lead our operations to new heights." 

Kuldeep Magiri expressed his enthusiasm for the new role, stating, "I am honored to join Sieger Tech, a company known for its commitment to innovation and excellence. I look forward to collaborating with the talented team at Sieger Tech to drive operational efficiency and fuel the company's continued success." 

With Kuldeep Magiri at the helm as COO, Sieger Tech is poised to strengthen its leadership position in the lithium battery industry. The company remains committed to driving innovation and customer satisfaction, ensuring a sustainable future through their sophisticated system for managing and maintain batteries.

About Sieger Tech

Sieger Tech stands as a beacon of innovation in the realm of lithium battery technology. With a relentless pursuit of excellence, we strive to redefine the standards of energy storage solutions across various industries. Our commitment to pushing the boundaries of technological advancements is matched only by our dedication to sustainability and reliability. Through cutting-edge research, meticulous engineering, and a passion for progress, Sieger Tech continues to pave the way for a brighter, more efficient future. At the heart of our endeavors lies a steadfast resolve to empower our partners and customers with the most advanced battery solutions, driving progress and prosperity for generations to come.

NIQ Study Reveals Improvement In Health, Motor, And Life Insurance In India


* According to the NIQ Finance Syndicate Study, the industry witnessed a double-digit surge in consumer interest in health and motor insurance over the last 2-3 years.

NIQ, a global leader in consumer intelligence, unveils actionable insights into the rapidly evolving Indian insurance industry. The NIQ Finance Syndicate Study highlights seismic shifts across the life, health, and motor insurance categories, reflecting evolving consumer preferences, intensified competition, and the disruptive emergence of Insurtech.

The NIQ Finance Syndicate Study aims to empower insurers to navigate this changing landscape, where consumer decisions rely heavily on instant brand recall, ensuring that insurance remains synonymous with financial security and empowerment for all.

Speaking about the emerging trends, Mitesh Dabrai, Executive Director – Consumer & Marketing Insights at NIQ in India said, "There is a surge in consumer awareness and engagement, fueled by the rise of new-age Insurtech players challenging traditional giants. The NIQ Finance Syndicate study indicates growth across various insurance sectors. For instance, life insurance has seen a 5% increase in spontaneous awareness and a 9% uptick in consideration. Likewise, health insurance shows a 10% increase in category consideration, while motor insurance demonstrates an 18% rise, highlighting the significance of network and product offerings.”

The category insights from The NIQ Finance Syndicate Study empower insurers to navigate this changing landscape, ensuring insurance becomes synonymous with financial security and empowerment:

Life Insurance:

5% Surge in Spontaneous Awareness: Over the past two years, there has been a notable 5% increase in the relative importance of spontaneous awareness as a category driver, indicating growing consumer consciousness towards life insurance products.

9% Improvement in Category Consideration: The average category consideration has witnessed a commendable 9% improvement in the last three years, underlining heightened interest and engagement among consumers in life insurance offerings.

Health Insurance:

10% Surge in Category Consideration: Consumer engagement in the health insurance segment has soared by 10% over the past two years, driven by heightened consumer involvement and interaction.

Motor Insurance:

18% Increase in Category Consideration: The motor insurance segment has witnessed an impressive 18% improvement in average category consideration, with new-age players significantly contributing to this growth.

This growth underscores the evolving nature of the insurance industry, emphasizing the importance of adopting innovative, differentiated, and personalized approaches to thrive in today's competitive environment. Here are three key implications for insurance companies:

Adapting to Consumer Preferences: Understanding and decoding shifting consumer preferences is imperative for insurance companies to stay ahead in the competitive landscape.

Continuous Innovation: Continuous improvement and innovation in product offerings are essential to meet evolving consumer expectations and outpace competitors.

Personalization Strategies: Personalization and customization strategies can enhance brand relevance and drive loyalty among consumers.

As the Indian insurance industry undergoes transformative changes, The NIQ Finance Syndicate study serves as a beacon, guiding companies towards innovation, differentiation, and alignment with regulatory initiatives. By embracing these changes, insurers can navigate the evolving landscape with confidence, ensuring a future where insurance is synonymous with financial security and empowerment for all.

About NIQ

NIQ is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. In 2023, NIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View. NIQ is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world’s population. For more information, visit NIQ.com.


Walchand PeopleFirst Limited Oppoints Sekhar Burra As New Franchisee For Dale Carnegie in Hyderabad


Walchand PeopleFirst Limited (WPFL), a pioneer in workplace solutions, is excited to announce the appointment of Mr. Sekhar Burra as the new franchisee for Dale Carnegie Training in Hyderabad, Telangana. With this strategic move, Walchand PeopleFirst aims to strengthen its presence in the dynamic Hyderabad market and continue its mission of empowering organizations through innovative training, coaching, and consulting services.

Mr. Sekhar Burra brings over eight years of invaluable experience as the CEO of Sain Innovation Softech, a renowned firm specializing in training, coaching, and consulting. His leadership has been instrumental in driving organizational excellence and fostering a culture of innovation and performance enhancement.

Ms. Pallavi Jha, Chairperson and Managing Director of Walchand PeopleFirst Limited, shared her thoughts about the expansion, saying, "Hyderabad being one of the core cities with a large workforce, holds a special place in our growth trajectory, and we are thrilled to welcome Mr. Sekhar Burra to our network of franchisees. His expertise and commitment to excellence align perfectly with our vision of empowering individuals and organizations to thrive in today's competitive environment. As an organisation we are always motivated to empower individuals and drive transformative change"

Speaking about the appointment, Mr. Burra expressed his enthusiasm, stating, "I am honored to join forces with Walchand PeopleFirst Limited and Dale Carnegie Training to bring world-class professional development solutions to Hyderabad. Our goal is to empower businesses in Telangana to challenge traditional paradigms, break barriers, and achieve unprecedented levels of success."

According to recent statistics, Telangana has witnessed remarkable economic growth, with over 22.5 lakh jobs created in the state's 14 priority sectors in the past nine years. Additionally, Telangana stands out as the only major state in the country to record a Labor Participation Rate of more than 52.43 percent, as per the household survey conducted by the Centre for Monitoring Indian Economy (CMIE) in April 2023.

Hyderabad, known as the "City of Pearls," boasts of a vibrant business ecosystem characterized by rapid growth and innovation. It is one of India's leading technology hubs with more than 9 lakh people in the IT sector with 1500 companies. Furthermore, Hyderabad leads the way in women's employment, boasting a 34% hiring rate, according to the 'State of Women’s Employment in India’ report by talent solutions provider Careernet. Hyderabad presents immense opportunities for organizations seeking to enhance their human capital and drive business growth.

With the introduction of Dale Carnegie Training under Mr. Burra's leadership, businesses in Hyderabad can now access world-class training programs designed to unlock their full potential and achieve sustainable success.

Walchand PeopleFirst Limited remains dedicated to driving positive change and fostering a culture of continuous learning and development. Through strategic partnerships and innovative solutions, the company continues to empower businesses across India to achieve their full potential.

Total Pageviews