Britannia’s Consolidated Sales For The Year Grew 4% While Net Profits (Before Exceptional Items) Grew 14.5%

Britannia’s Consolidated Sales for the Quarter ended 30th June 2024 stands at Rs 4,130 Crores, growing 4.0% over last year and Net Profit (Before Exceptional Items) stands at Rs 524 Crores, growing at 14.5%.

Commenting on the performance, Mr. Varun Berry, Vice Chairman & Managing Director, said: “We come out of a challenging financial year that witnessed consumption slowdown, particularly in Rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices. We delivered a modest revenue growth of 4% during the quarter, driven by high single-digit volume growth, and improved operating margins over last year. Our market share progressed well as an outcome of sustained investments in Brands, Product excellence, and Innovation.

We continue to make positive strides in Rural as we expand distribution footprint and enhance product offerings to align with regional preferences, and well positioned to benefit from the consumption growth in Rural. As a result, rural market share grew at a faster clip than Urban. We are actively leveraging the rapidly growing Modern Trade and E-commerce channels, both growing handsomely compared to previous year. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisee.

On Cost & Profitability front, we remain vigilant of the commodity price fluctuations & evolving geopolitical landscape. Our Cost Efficiency Program continues to yield operational savings, ensuring robust operating margins. We are committed to investing in capability enhancement and brand development while maintaining price competitiveness with the clear objective of driving market share and sustaining profits. We reaffirm our commitment to our ESG framework of People, Growth, Governance and Resources and shall continue to focus on our initiatives to build a Sustainable and Profitable business.”

BMW Motorrad India Introduces New Style Passion For BMW G 310 RR

BMW Motorrad India has announced the launch of the new style ‘Passion’ for the BMW G 310 RR. This new style features an attractive Racing Blue Metallic paintwork, giving the motorcycle a particularly feisty look. The motorcycle is also available in style ‘Sport’ which is on offer currently.

The BMW G 310 RR in style ‘Passion’ can be booked across all BMW Motorrad dealerships, from today onwards.

The BMW G 310 RR is a true road racing sports bike. It’s performance, agility, precision and raring-to-go flair reveals racing attitude. The BMW G 310 RR is the sportiest and most desirable sports bike in the sub-500 class. The motorcycle clearly showcases its S 1000 RR heritage. It proudly inherits the original road racing genes that have fascinated sports bike enthusiasts with unlimited adrenaline rush on tarmac. With the combination of a stunning superbike design and modern technology, it is the ultimate riding machine – your best companion on racetracks and city roads alike.

Manipal Academy of Higher Education (MAHE) Welcomes Third Batch of Pioneering Biotherapeutics Students With Orientation Program

The Manipal Centre for Biotherapeutics Research (MCBR) at Manipal Academy of Higher Education (MAHE) launched its three-day orientation program for the third batch of M.Sc. (by Research) in Biotherapeutics students. This program is part of the first-of-its-kind biotherapeutics course in India.

Lt Gen (Dr.) M.D. Venkatesh, Vice Chancellor of MAHE, Manipal, officially inaugurated the event by lighting the ceremonial lamp. In his address, he congratulated the students for selecting a pioneering course that will equip them with essential skills to develop therapeutic products, thus contributing to improved healthcare management.

The course has attracted about 15 students from diverse regions across India. It offers a robust four-semester (two-year) curriculum that combines theoretical and practical training in the first semester, followed by mini research projects in the second semester, and culminates in a major industry or academic internship project during the third and fourth semesters.

Prof. (Dr.) Raviraja N. Seetharam, Coordinator of MCBR, welcomed attendees and provided a brief overview of the program. MCBR is equipped with state-of-the-art facilities and an internationally trained faculty to guide students. The center has also established collaborations with 20 industry partners, enhancing training and placement opportunities for students.

Dr. S.V. Kirthanashri, Associate Professor and Co-coordinator, introduced the chief guest, while Dr. Raghavendra Upadhya, Assistant Professor and Course Coordinator, offered the vote of thanks. The inauguration was followed by a series of talks and facility tours designed to inspire and orient the new students. Ms. Abigail Rego, Dr. TMA Pai Research Scholar, served as the event's anchor.

The orientation program marks the beginning of an exciting academic journey for the students, who are poised to make significant contributions to the field of biotherapeutics. With MAHE’s commitment to excellence and innovation, this program is set to produce the next generation of leaders in therapeutic research and development.

HDFC Life Simplifies Claim Submission Process To Support Wayanad Landslide Victims

HDFC Life, one of India’s leading life insurers, extends its deepest condolences to the families affected by the tragic landslides in Wayanad, Kerala. The company expresses its heartfelt sympathies to those who have lost loved ones and wishes for a swift recovery for those injured.

The recent landslides in Wayanad have caused significant loss of life and property, leaving many families in distress. In response, HDFC Life has simplified the claims submission process to ensure quick and hassle-free support for the affected families.

Simplified Requirements for Claim Submission:

1. Proof of death issued by local government authorities, police, or hospitals

2. Nominee identity proof and bank details

Contact Details for Claim Submission:

Phone: 022-68446529

Email: Service@hdfclife.com

Visit any branch office or the website at www.hdfclife.com/claims

Sameer Yogishwar, Chief Operating Officer - HDFC Life, shared his heartfelt message, “Our hearts go out to the families affected by the devastating landslides in Wayanad. During these challenging times, we stand committed to providing swift and compassionate support to our policyholders. We understand the pain and hardship faced by the families that have been impacted, and we are here to ensure that the claims process is as seamless and stress-free as possible. Our team is dedicated to assisting them in every way we can during this difficult period.”

For further information and assistance, please reach out through the contact details provided. HDFC Life is here to support you in your time of need.

About HDFC Life

Established in 2000, HDFC Life Insurance Company Limited ('HDFC Life'/ ‘Company’) is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity, and Health. The Company has more than 80 products (including individual and group products) and optional riders in its portfolio, catering to a diverse range of customer needs.

HDFC Life was promoted by erstwhile Housing Development Finance Corporation Limited (HDFC Ltd.), and Abrdn (Mauritius Holdings) 2006 Limited (abrdn) (formerly Standard Life (Mauritius Holdings) 2006 Limited), a global investment company. Consequent to implementation of the Scheme of Amalgamation of HDFC Ltd. with HDFC Bank, India’s leading private sector bank (“Bank”), the Bank has become promoter of the Company, in place of HDFC Ltd, effective from July 1, 2023. Further, consequent to reclassification of abrdn from “Promoter” category to “Public” category in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HDFC Bank has become sole promoter of the Company, effective December 12, 2023.The name/letter 'HDFC' in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited.

HDFC Life has a nation-wide presence with its own branches and additional distribution touch-points through several tie-ups and partnerships. The count of distribution partnerships is over 300, comprising banks, NBFCs, MFIs, SFBs, brokers, and new ecosystem partners amongst others. The Company has a strong base of financial consultants.

For more information, visit www.hdfclife.com.You may also connect with us on Facebook, X (formerly Twitter), YouTube, and LinkedIn.

Prasanna School of Public Health, Manipal Welcomes New Batch On Orientation Day 2024

Prasanna School of Public Health (PSPH), a constituent unit of Manipal Academy of Higher Education (MAHE), held its Orientation Day 2024 at the TMA Pai Hall, KMC Administration Block, to warmly welcome the fresh batch of students embarking on their journey in public health education. The event saw an inspiring lineup of speakers and a structured programme aimed at setting a positive tone for the new academic year.

The Orientation Day began with a warm Welcome Address by Dr. Asha Kamath, Associate Director of PSPH, followed by the traditional Lighting of the Lamp, symbolizing the pursuit of knowledge and enlightenment. Dr. Cherian Varghese, Professor and Director of PSPH, introduced the event with a speech that emphasized the importance of sustaining an enabling environment and outlined the skills and competencies crucial for a successful public health career. He highlighted the diverse fields integral to public health, including social work, hospital administration, biostatistics, data science, digital epidemiology, and health technology assessment.

Shri D A Prasanna, Chief Patron of PSPH, MAHE, delivered an inspiring address, urging students to pay keen attention to their studies with dedication and commitment. He stressed the importance of acquiring skills in public health communication, counselling, and data analysis. Shri Prasanna encouraged students to develop a confident attitude, embrace diverse subjects, define problems accurately, cultivate a problem-solving mindset, and build meaningful relationships.

In his Presidential Address, Lt. Gen. (Dr.) M. D. Venkatesh, Vice Chancellor of MAHE, underscored the importance of problem-solving, critical thinking, and interdisciplinary collaboration. He emphasized the key verticals of excellence in education, exemplary research, internationalization, sustainability, and alumni engagement. Highlighting the integral role of research, He advocated for a proactive rather than reactive stance in addressing the enormity of public health problems. He remarked, "Excellence is achieved by consistently performing, and PSPH stands by this principle." Additionally, he shared his perspective on the quantum of education, stating, "25% of education is derived through teachers, 25% from one's own willingness, 25% from peers, and the rest as a lifelong learner."

The event also featured alumni sharing their experiences, providing current students with valuable insights into the professional world of public health. Alumni speakers included Dr. Rohit Raj, Kshama Bangera, Gowreesh Acharya, and Dr. Ramya, who shared their experiences and journey, offering guidance and inspiration to the new students.

The Orientation Day 2024 was a resounding success, reflecting PSPH's dedication to fostering a nurturing and intellectually stimulating environment for its students. As the new batch of students begins their academic journey, the Prasanna School of Public Health reaffirms its commitment to excellence in education, research, and societal contribution. The orientation program was facilitated and managed by the students of PSPH, showcasing their leadership and coordination skills.

For media inquiries and further information, contact: Deputy Director PR and Communications Phone: 7338625909 Email: sachin.karanth@manipal.edu

Motorola Launches “motorola edge 50” – World’s Slimmest IP68 MIL-STD-810H Military Grade Certified Curable Smartphone

* The motorola edge 50 comes with MIL-STD-810H certified design, IP68 Underwater protection which makes it the most durable smartphone under 30K. The Phone has successfully passed 16 rigorous tests for durability and extreme environmental conditions.

* The motorola edge 50 features the segment’s best AI camera with a Sony - LYTIA™ 700C sensor and incredible motoAI features.

* The motorola edge 50 boasts a nearly borderless 6.7" pOLED 3D curved display with 10-bit colors, 120Hz refresh rate and 1600nits peak brightness.

* The edge 50 also comes with segment leading features such as wireless charging, Telephoto lens with 30X Hybrid zoom and Smart Connect.

*  Motorola edge 50 will be available in a single 8Gb+256GB variant and will go on sale at an effective price of just 25,999* on Flipkart, Motorola.in and leading retail stores across India, starting 8th August 2024. Consumers can also avail no cost EMIs starting at just Rs. 2,889 per month.

Motorola, a global leader in mobile technology and innovation launched the “motorola edge 50” in India. A smartphone which is full of life, full of art and engineered for effortless creative expression. The motorola edge 50 is the latest addition to Motorola’s premium category of edge smartphones and it comes with numerous disruptive features such as an MIL- 810H military grade durability and IP68 underwater protection which makes it the world’s slimmest IP68 MIL-810H miliary graded certified durable smartphone. It features the segment’s best moto AI powered camera with Sony sensor LYTIA 700C and also boasts a 6.7” 1.5K Super HD+, HDR 10+ pOLED curved display along with various other premium features.

The motorola edge 50 is thoughtfully crafted with a sense of harmony and it gives a comfortable in hand feel with symmetrical curves flowing through every element of its design. Starting from the soft, natural-feeling vegan leather and vegan suede finish to the exceptionally slender and lightweight body with a streamlined camera housing makes the smartphone feel premium and comfortable to hold. The design of the motorola edge 50 is as durable as it is elegant. Offering never before seen standards of durability with an IP68 rating, which means it can withstand dust, dirt, and sand, along with submersion in 1.5 meters of fresh water for up to 30 minutes. Additionally, Motorola is pushing the boundaries of smartphone technology with the edge 50 as it boasts latest military standards MIL-STD-810H for durability, which implies that the smartphone has passed 16 rigorous tests for durability and extreme environmental conditions and can withstand shocks, vibrations, accidental drops, extreme temperatures, high humidity, low altitude pressures and more, all while maintaining a sleek, perfectly balanced design. Even the display is protected against cracks and scratches with Corning® Gorilla® Glass 5, so users never have to worry about accidental damage to the phone.

The motorola edge 50 features the pro level Sony - LYTIA™ 700C Camera sensor with incredible AI features powered by motoAI and google photos AI. The 50MP main camera uses the Sony - LYTIA™ 700C sensor for ultrafast capture with low noise in dark environments and the Ultra Pixel sensor captures more light with larger 2.0µm pixels. Users get true-to-life images with more detail, richer colors, and subtle textures owed to moto ai which works in the background, instantly analyzing the photo and blending exposures. Motorola is introducing a new Auto Night Vision feature which allows the users to capture stunning low-light shots 15x faster than the previous generation. This is Motorola’s fastest Auto Night Vision ever, automatically detecting ambient lighting and adjusting the settings accordingly, so users can click photos in low light and never miss the perfect moment. Its 10MP telephoto camera captures subjects at a distance with incredible detail and users can see every scene clearly from 3x the distance with optical zoom, or use advanced hybrid zoom for 30x the distance. Optical Image Stabilization smooths out unwanted shakes and moto ai helps retain the details, achieving crisp and beautiful results even when zoomed all the way. The third sensor in the rear camera system of the edge 50 is a 13MP Ultra-Wide camera with Macro Vision. It expands the user’s view, allowing them to take stunning shots of landscapes with a 120º ultra-wide angle lens which can capture what the eyes see, fitting more of the scene in the frame than a standard lens. For extreme close ups, there’s built-in Macro Vision, which brings users 4x closer to the subject than a standard lens, so they can capture tiny details as close as 3 cm away from the camera. On the front, the motorola edge 50 flaunts a 32MP selfie camera which can shoot breathtaking videos in 4K resolution and deliver 4x better low-light sensitivity with Quad Pixel technology, which combines every four pixels into one for brilliant results.

Working behind the camera sensors, moto ai image processing analyzes multiple frames of a photo and blends exposures to create a true-to-life image. Unlike other methods, it works directly on the uncompressed image to preserve hidden details, richer colors, and subtle textures. And these moto ai enhancements apply to videos, too. For instance, when recording a video, Adaptive Stabilization will automatically adjust to the user's movement, providing extreme stabilization when they need it. The edge 50 users can also opt for the Long Exposure feature to hit on moving water or light trails with a single tap—no professional equipment needed. Users can access amazing google photos editing and AI tools, including Magic Editor, Magic Eraser, Photo Unblur, and more to effortlessly enhance your photos and videos and bring memories to life. AI Magic Eraser removes unwanted background distractions in just a few taps. Users can reimagine their photos with Magic Editor using generative AI and can edit, hold and drag to reposition, or pinch to resize.

Apart from camera features, moto ai also bring couple of generative AI features such as style sync with AI generative theming, magic canvas with text to prompt image generation, and several other cutting-edge innovations.

The motorola edge 50 boasts an incredible 6.7” 1.5K Super HD curved pOLED display with 1600 nits peak brightness and nearly borderless bezels. . Users can enjoy clearer, more vibrant pictures with sharper details and less pixelation owed to Super HD (1220p) resolution, which delivers 13% better resolution than the previous generation and even watch HDR10+ movies, shows, and more in a billion shades of true-to-life color. The ultra-fast 120Hz refresh rate makes switching between apps, playing games, and scrolling through content incredibly smooth and fluid. Plus, the refresh rate adjusts automatically based on the type of content on the screen, and with a low latency 360Hz touch rate, users will experience far more responsiveness than a standard display. Its vivid pOLED HDR10+ display delivers infinite contrast of deeper blacks and over a billion colors with wide DCI-P3 color range standards. Moreover, high brightness mode automatically adjusts the display outdoors so it’s easier to see, capable of reaching peak brightness levels of up to 1600 nits. It also features stereo speakers with Dolby Atmos for an immersive multimedia experience. Users can listen to professional-level audio thanks to the Hi-Res certified sound system. With wider dynamic range and 3x more data rate, they won’t miss any details and just experience music as the artist intended, listening to Hi-Res audio on streaming apps, on both wired and wireless headphones or external speakers.

In terms of processing power, the motorola edge 50 is powered by a Snapdragon® 7 Gen 1 Accelerated Edition. It is built with superior 4nm technology that will deliver years of proven performance and users can unlock amazing AI-powered experiences, use pro-level photography features, watch smoother content, and enjoy outstanding power efficiency. While being future proofed for upcoming networks thanks to 5G and Wi-Fi 6E support. This high-performance device is backed up by a massive 5000mAh battery and 68W TurboPower™ charger so it fuels up fast. Plus it also comes with the segment leading 15W TurboPower™ wireless charging for a hassle-free charging time. There is also support for reverse power charging to charge other devices in the ecosystem.  

With 256GB of built-in storage, users have tons of room for their favorite shows, movies, songs, apps, and games. Plus, RAM Boost temporarily turns available storage into virtual RAM whenever they need some extra speed, so they can open apps faster and switch back and forth with ease. Apps and information stay ready in the background with up to 8GB of RAM so everything runs smoothly. Furthermore, the motorola edge 50 uses advanced thermal components to regulate heat produced during high performance. With a large 4516mm chamber, it distributes heat more effectively to keep the CPU cooler, improving thermal performance by 70% compared to the previous generation edge device.

Speaking on the launch, Mr. T.M. Narasimhan, Managing Director, Motorola India said “The motorola edge 50 addresses a significant need of smartphone consumers by being the perfect fusion of the bold durability focused design and a premium, ultra-sleek design. Being the  world’s slimmest device with IP68 underwater protection and MIL-810H military grade certification for durability from the U.S Department of Defense, the phone does not compromise on any aspect by offering a stand-out camera, display and advanced moto AI experiences. We're confident that the motorola edge 50 will deliver a revolutionary smartphone experience to our customers.”

With the launch of the motorola edge 50, comes the intuitive Hello UI with all Moto apps at one place and latest Android 14 with assured 2 OS upgrades and 3 years of security updates. Hello UI features include Smart connect, Moto Gestures, Moto Secure with Thinkshield, Family Spaces and Moto Unplugged. It also offers Moto Premium Care for after sale service benefits.

To know more about the product, visit:

Flipkart:- https://www.flipkart.com/motorola-edge-50-coming-soon-store

Motorola website:- https://www.motorola.in/smartphones-motorola-edge-50/p

Availability:

The motorola edge 50 will be available in a single 8GB RAM + 256GB Storage variant in three stunning PantoneTM colour variants - Jungle Green and Peach Fuzz (color of the year 20024) in Premium Vegan leather finish and in Koala Grey color in vegan suede finish. The smartphone will go on sale from 8th August 2024, 12PM onwards on Flipkart, Motorola.in and leading retail stores including Reliance Digital.

Launch Price: 8GB+256GB : INR 27,999

Affordability Offers~:

Rs. 2,000 Instant discount on Axis Bank and IDFC First Bank credit cards and credit card EMI transactions

No Cost EMI upto 9 Months starting at 2,889/ per month from leading banks

Effective Price with offer: INR 25,999 (including Rs. 2000 offer)

Operator Offers:

Total Benefits worth Rs.10,000 from Reliance Jio.

Jio Cashback up to Rs 2000 + Additional Offers up to Rs 8000. T&C apply

Cashback - Valid on Prepaid recharges of Rs. 399 (Rs.50 * 40 vouchers)

Additional Partner offers:

Swiggy: Discount of Rs. 125 off on Rs. 299 on Food Orders

Ajio: Flat Rs 200 off on min transaction of Rs 999

Easemytip: Upto Rs.1500 off on Flights

EaseMyTrip: Upto Rs.4000 off on Hotels

AbhiBus: 25% off up to Rs.1000 on Bus Bookings

To know more about the offer:  https://www.jio.com/en-in/jio-motorola-edge50-offer-2024

Hero MotoCorp And FIH Embark On Global Partnership, Strengthen Association With New Partnership For Hockey's Growth

The International Hockey Federation (FIH) is delighted to announce a new partnership with Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, for a period of five years.

With this massively important agreement for hockey’s development, Hero MotoCorp becomes FIH’s Global Leadership Partner, and confirms their strong, long-term engagement with global hockey that has spanned over the past 15 years.

This strategic alliance aims to elevate the sport to new heights, drive hockey’s global growth and inspire future generations of hockey enthusiasts worldwide.

Dr. Pawan Munjal and Tayyab Ikram met on the side-lines of the ongoing Paris Olympics to discuss the collaboration.

Commenting on the agreement, Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp said: “As the world gathers for the Olympic Games, I am proud to announce the renewal of our partnership with the International Hockey Federation (FIH) for the next five years. This collaboration highlights one of the most significant international sports alliances. In India, hockey symbolizes national pride and heritage.

“As champions of sports, we recognize its profound impact on transforming lives and communities. Hockey, our national sport, deeply resonates with our cultural values. I congratulate Tayyab Ikram, President of FIH, for the sport's remarkable evolution through innovative tournaments and formats. These efforts have broadened hockey's appeal and engagement with future generations.

“Hero MotoCorp is committed to elevating hockey's prominence, with upcoming global events in India playing a pivotal role. We aim to inspire youth worldwide with values of respect, equality, diversity, sustainability, and fair play, ensuring hockey's spirit shines brightly across the globe.”

FIH President Tayyab Ikram said: “This renewed partnership with Hero MotoCorp represents a tremendous support for the development of hockey – FIH’s number one mission – all around the world.

“As we have embarked on a new path to grow and professionalise our sport like never before through our Empowerment and Engagement strategy launched last year, this agreement comes at a very significant time.

“Thanks to Hero MotoCorp’s support, we will be able to expand our ambitions and objectives, for the good of hockey.

“In my personal name and on behalf of FIH, I would like to express the sincerest gratitude of the global hockey community to Hero MotoCorp, and in particular its Executive Chairman Dr. Pawan Munjal, whom we had the pleasure to welcome at the Paris 2024 Olympics hockey events.

“This partnership confirms Hero MotoCorp’s trust in FIH, and in our sport’s potential. We share the same vision of sports, fostering physical exercise, uniting people and developing communities. Together, we will grow!”

The partnership starts immediately and includes all FIH events for the next 5 years, including the FIH Hockey World Cup, the FIH Hockey Pro League, the FIH Indoor Hockey World Cup, the FIH Hockey Junior World Cup, the FIH Hockey5s World Cup or the FIH Hockey Nations Cup.

About Hero MotoCorp Ltd.

The New Delhi (India)-headquartered Hero MotoCorp Ltd. is the world’s largest manufacturer of motorcycles and scooters in terms of unit volumes sold by a single company in a year — the coveted position it has held for the past 23 consecutive years. The Company has sold over 116 million motorcycles and scooters in cumulative sales since inception. Hero MotoCorp currently sells its products in 48 countries across Asia, Africa and Latin America. VIDA, Powered by Hero, is Hero MotoCorp’s electric mobility brand. Hero MotoCorp has eight state-of-the-art manufacturing facilities, including six in India, and one each in Colombia and Bangladesh. Hero MotoCorp has two world-class, state-of-the-art R&D facilities — the Centre for Innovation and Technology (CIT) in India and Hero Tech Centre Germany (TCG), near Munich. Hero MotoSports Team Rally finished the Dakar Rally 2024 in second position. Iconic golfer Tiger Woods is Hero MotoCorp’s Global Corporate Partner.

NSRCEL And Nasscom AI Announce Co-Incubation Partnership For AI & Deeptech Startups

NSRCEL at the Indian Institute of Management Bangalore (IIMB) and nasscom AI are delighted to announce the co-incubation partnership, aimed at nurturing startups specializing in Artificial Intelligence and deeptech. This collaborative initiative underscores NSRCEL’s commitment to fostering technologies and supporting entrepreneurial ventures within the Indian startup ecosystem.

A recent three-month pilot offered startups a hybrid incubation experience, blending virtual and in-person components. Participants accessed NSRCEL's resources and nasscom AI's industry insights, technical mentorship, and advanced AI infrastructure. This collaboration provided specialized workshops, one-on-one mentoring, and opportunities to participate in prominent AI-focused events, accelerating startup growth and visibility. The pilot’s success has reaffirmed the immense potential this partnership offers to Indian AI and deeptech startups.

Upon completing the program, startups seamlessly integrate into NSRCEL’s prestigious alumni network. This affiliation promises continued support, networking opportunities, exclusive access to ongoing events, access to a robust network of potential investors and industry experts and resources essential for sustained growth and success in their respective fields.

"This partnership with nasscom AI marks a significant milestone in our mission to empower India’s next generation of AI and deeptech innovators. Business mentoring plays a crucial role in guiding AI startups through the complexities of emerging technologies and market dynamics. At NSRCEL, we recognize the importance of providing comprehensive mentoring that goes beyond technical expertise. This holistic support ecosystem is instrumental in nurturing these startups, equipping them with the skills and resources necessary to make a transformative impact on a global scale," said Anand Sri Ganesh, CEO of NSRCEL.

Praveen Mokkapati, Deputy Director-AI of nasscom said, “Our partnership with NSRCEL represents a powerful synergy in the AI startup ecosystem. By joining forces, we're creating a robust platform that will empower the next generation of AI innovators. This collaboration underscores our commitment to building capacity, driving technological advancement, and positioning India at the forefront of the global AI revolution."

Participating startups in the pilot program included Vitt.AI, Yarnit, Onelogica, Imagined Reality Interactive, Sunix AI, Nuronics Labs, Soket AI Labs, GoCodeo, Vodex, and PaceRobotics.  

Honda Cars India Registers Total Sales Of 7,334 Units In July’24

Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered total sales of 7,334 units in July 2024. Domestic sales of the company stood at 4,624 units and exports at 2,710 units in the month of July’24.

Sharing thoughts on July’24 sales performance, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, "Despite the challenges in the market and subdued customer sentiment, our sales momentum was in line with our expectation. We have been focusing on creating fresh demand through attractive benefits, making it best time for customers to buy new cars. With the festive season approaching, we anticipate a positive sentiment, which should lead to strong sales momentum in the coming months. HCIL’s steady growth in exports has boosted confidence in Indian manufacturing, reaffirming our commitment to delivering best-in-class products.”

The company had registered 4,864 units in domestic sales and exported 1,112 units in July’ 23.

PNB Enhances Insurance Coverage For Assam Rifles Personnel Under "PNB Rakshak Plus" Scheme

Punjab National Bank (PNB), nation’s leading public sector bank, has upgraded the insurance coverage and benefits for Assam Rifles personnel under its “PNB Rakshak Plus” scheme, reinforcing its dedication to supporting the Assam Riffles.

The addendum to its existing MoU was signed by PNB Deputy General Manager Shri P. Rose Kumar from Zonal Office Guwahati and Maj. Gen Jai Singh Bainsla, SM, Additional Director General of Assam Rifles in the presence of Maj Gen Raj Sinha, VSM (Retd.), and other senior officials of Bank & Assam Rifles

Apart from this, several additional benefits are being offered to the dependents and families of Rakshak Account holders.

Photo Caption:  Major General Jai Singh Bainsla, SM, Additional Director General of Assam Rifles & PNB DGM Sh. P. Rose Kumar sharing the copies of the addendum at HQ DGAR in Shillong.

PNB Has Asked Its Customers To Update Their "Know Your Customer (KYC) By August 12 To Ensure Smooth Functioning Of Their Accounts

In adherence to the Reserve Bank of India (RBI) guidelines, the Punjab National Bank (PNB), nation’s leading public sector bank, has asked its customers to update their Know Your Customer (KYC) by 12.08.2024 to ensure smooth functioning of their accounts. This is applicable only for those customers whose accounts were due for KYC updation as of 31.03.2024.

As part of the KYC compliance exercise, PNB customers are requested to provide their updated information like identity proof, address proof, recent photo, PAN, income proof, mobile number (if not available) or any other KYC information to their base branch. It can be done through PNB ONE App/Internet Banking Services (IBS)/registered e-mail/post or in person visit to any branch by 12.08.2024. Failure to update KYC details within the stipulated time may result in restrictions on account operations.

For any assistance, customer can visit their nearest PNB branch or check the official website https://www.pnbindia.in/

Honda Cars India Announces "Honda Freedom Fest" With Exclusive Benefits On Honda Cars

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, has announced the “Honda Freedom Fest”, a promotional campaign offering attractive benefits on purchase of its premium range of cars.

Customers taking delivery of their cars as part of this campaign can avail an exclusive 3-year Free Maintenance Package* along with other attractive benefits in form of Cash discounts, Loyalty, Exchange, and Corporate offer on its product range. The 3-year Maintenance Package is designed to allow customers to have an enjoyable ownership experience without worrying about car’s maintenance.

Commenting on the promotion campaign, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “At Honda Cars, we are committed to providing a premium ownership experience and exceptional value to our customers. The 3-Year Maintenance Package offered to our customers reflects our commitment to that goal ensuring a stress-free drive for all. I encourage customers to take advantage of these attractive offers at any of our dealerships."

The promotional scheme is offered# on Honda Amaze, Honda City, Honda City e:HEV and Honda Elevate and is available at all authorized Honda dealerships across the country.

Chief Minister Siddaramaiah Inaugurates "13th Edition Of Bengaluru INDIA NANO" At Lalit Ashok, Bengaluru

Highlight of the Summit:

13th edition of Bengaluru India Nano with the focal theme ‘Nanotechnology for Sustainability: Climate, Energy and Healthcare began today

The 3-Day event will attract 75+ Speakers in 35+ Sessions, 700+ Delegates, 6 GIA Partner Countries, 50+ Exhibitors, 200+ Posters, 3500+ Attendees

The 13th edition Bengaluru India Nano event includes an informative Tutorials, knowledge-driven Conference, walkway of discovery- Poster Session, Exhibition of cutting-edge nanotech solutions, Nano Excellence Awards, NanoSparX Startup Pitching and Nanotech Quiz.

Sessions by Global Innovation Alliance (GIA) Partners from USA, Germany, Netherlands

Bengaluru, 2nd Aug 2024 : The 13th edition of Bengaluru India Nano, organized by the Department of Science & Technology, Government of Karnataka, Karnataka Science & Technology Promotion Society (KSTePS), and Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), was inaugurated by Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka and in the esteemed presence of Shri D.K. Shivakumar, Hon’ble Deputy Chief Minister of Karnataka. This year's theme, ‘Nanotechnology for Sustainability: Climate, Energy, and Healthcare, set the stage for a diverse array of participants, including researchers, scientists, academicians, industry leaders, policymakers, entrepreneurs, and students.

A highlight of the inaugural ceremony was the felicitation of Bharat Ratna Prof. C.N.R. Rao, FRS, Honorary Chairman of VGNT and Linus Pauling Research Professor, and Honorary President of JNCASR, Bengaluru, in gratitude of his enduring contribution advancing science and celebrating his 90th birthday year. Prof. Rao has been the driving force behind this event. The distinguished gathering also included Shri N.S. Boseraju, Hon’ble Minister of Science & Technology and Minor Irrigation, Govt. of Karnataka; Dr. Kiran Mazumdar-Shaw, Executive Chairperson, Biocon Ltd; Chairperson, VGBt, Govt. of Karnataka; Shri Rizwan Arshad, Hon’ble Member of the Legislative Assembly- Shivajinagar Assembly Constituency, Karnataka;  Prof. Navakanta Bhat, Chair, Vision Group on Nanotechnology, Govt. of Karnataka, Dean, Division of Interdisciplinary Sciences, Professor, CeNSE, IISc, Bengaluru; Prof. Anil Kumar P.S., Chair, Conference Executive Committee, Dean, Administration & Finance & Professor, Dept. of Physics, Indian Institute of Science, Bengaluru; Dr. Ekroop Caur, IAS, Secretary to the Government, Dept. of Electronics, IT, Bt, and S&T, Govt. of Karnataka, Shri Pavan Kumar Malapati, IAS, Director, Dept. of Science & Technology, Managing Director, Karnataka Science and Technology Promotion Society (KSTePS), Bengaluru and Shri Jagdish Patankar, Executive Chairman of MM Activ Sci-Tech Communications and the Event Curator of Bengaluru India Nano.

Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka expressed in his inaugural address, "I urge our scientists and engineers to innovate solutions in nanotechnology for critical areas such as food and energy security, water purification, healthcare, and waste management. Addressing the challenges posed by urbanization and environmental hazards requires robust international collaboration and a strong link between academia, industry, and research to advance this promising technology for the benefit of humanity."

Shri N.S. Boseraju, Hon’ble Minister of Science & Technology and Minor Irrigation, Govt. of Karnataka in his special address said, “This prestigious nanotech event in the country serves as a platform for networking and exchange knowledge on the new frontiers of science and technology. The nanotechnology sector has a crucial role in making the world more sustainable. Beyond climate, energy, and healthcare, two other significant global challenges are food and water security. We hope to focus on these challenges in the next edition of Bengaluru India Nano. Our government, led by the Hon'ble Chief Minister Shri Siddaramaiah and DCM Shri D.K. Shivakumar, is making all-out efforts to develop Karnataka as a major player in the Nanotechnology sector. We will provide all the necessary support for growth of this sunrise industry in the state.”

The 3-day conference program included a one-day pre-conference tutorial followed by two days of a multitrack conference. The pre-conference tutorials held on Day 1 offered in-depth knowledge and hands-on experience in various aspects of nanotechnology, catering to both beginners and seasoned professionals. Topics covered included Nano Fabrication, Nano Characterization, and Nano Biology.

On Day 2, the opening plenary featured Prof. Pulickel Ajayan, Chair of the Department of Materials Science and NanoEngineering at Rice University, USA, who explored the transformative impact of nano-engineered materials on technology. Prof. Arindam Ghosh from the Indian Institute of Science, Bengaluru, who is also the recipient of Prof. C.N.R. Rao Bengaluru INDIA NANO Science Award, delivered a compelling and insightful plenary talk.

The "Nano for the Young" lecture, an initiative by Bharat Ratna Prof. C.N.R. Rao, FRS, aimed at inspiring nanotechnology students, was led by Prof. Ashok K Ganguli, Director & Professor of Chemical Science at IISER Berhampur, and Dr. B L V Prasad, Director of the Centre for Nano and Soft Matter Research, India.

The Conference focused on key topics like ‘Nano in Climate’, presented by Dr. Rajeevan Madhavan Nair, Former Secretary of the Ministry of Earth Science and Vice Chancellor of Atria University; Prof. Vinayak Sinha, IISER Mohali and Dr. Christian George, Deputy Director at IRCELYON, France; ‘Nano in Healthcare’ presented by Prof. Dhirendra Katti, Director of IIT Goa; Dr. Jiban Jyoti Panda, Associate Professor, Institute of Nano Science and Technology, Mohali and Prof. Biman B. Mandal, IIT Guwahati; ‘Nano in  Energy’ presented by Prof. Nitash Balsara, The Charles W. Tobias Professor in Electrochemistry, University of California, Berkeley, USA, Prof. R Kothandaraman, Professor, IIT Madras, India; Dr. K. Ramesha, Director of CSIR-Central Electrochemical Research Institute; and Prof. Kanishka Biswas, JNCSAR, India.

The Global Innovation Alliance Partner Countries of Karnataka, including USA, Netherlands and Germany also conducted sessions in the Conference.

The Poster Showcase, a highlight of Bengaluru India Nano, was a vibrant walkway of discovery featuring innovative research from over 200 bright young researchers across academic and research institutions like various IITs, BITS Pilani, University of Mysore, SASTRA Deemed University, CSIR National Physical Laboratory, IISER, JNCASR, IISc- Bangalore, JAIN University, NIT Rourkela, REVA University, Bangalore University, Institute of Chemical Technology- Mumbai, TamilNadu Agriculture University- Coimbatore, Vellore Institute of Technology, Indian Institute of Space Science & Technology to name a few.

The Exhibition inaugurated today showcased the latest innovations, products, and technologies in nanotechnology. With over 50 leading companies, research institutions, and startups presenting their cutting-edge nanotech products and services, it was a brilliant display of scientific and industry advancements.

The glittering Awards Ceremony featured the presentation of prestigious honors, including the Bengaluru INDIA NANO Innovation Award, Karnataka DST Nanoscience Fellowships and Exhibitor Awards.

Following an action-packed Day 2 filled with groundbreaking discussions and presentations, Day 3 of Bengaluru India Nano is set to deliver even more valuable insights. Attendees can look forward to engaging lectures on critical topics such as Nano in Climate, Healthcare, and Semiconductors as well as NanoSparX, an exciting programme for Nano-Entrepreneurs. Stay tuned for more updates and highlights from this dynamic event.

Photo Captions: Shri D. K. Shivakumar, Deputy Chief Minister of Karnataka; Dr. Ekroop Caur, IAS, Secretary to Government, Dept of E, IT, Bt and Science & Technology, Govt. of Karnataka; Prof. Navakanta Bhat, Chair, VGNT, Govt. of Karnataka, Dean, Division of Interdisciplinary Sciences, Professor, CeNSE, IISC, Bengaluru inaugurated the Exhibition Centre at 13th Bengaluru INDIA NANO 2024.

Dr. Kiran Mazumdar-Shaw, Executive Chairperson, Biocon Ltd.; Chairperson Vision Group on Biotechnology, GoK speaking at the Inaugural ceremony of Bengaluru INDIA NANO 2024.

Toyota Kirloskar Motor Reopens Booking For Innova Hycross ZX & ZX (O) Grades

Toyota Kirloskar Motor (TKM) announced the re-opening of bookings for the Innova Hycross ZX & ZX (O) models, effective 1st August 2024. Since its launch (Nov 2022), the Innova Hycross has received overwhelming customer response, appreciated for its proportions & poise of an SUV with the spaciousness of an MPV. The versatile Innova Hycross, available in both self-charging strong hybrid electric variant [SHEV] as well as gasoline variant, is celebrated for its glamor quotient, advanced technology, comfort, safety features and a thrill to drive.

Owing to high demand situation, the bookings for the top end grades were put on hold temporarily. During this period, bookings for other grades of the Innova Hycross, both hybrid and gasoline, continued unabated. With the streamlining and enhanced supply, the waiting period has been reduced & the bookings of Innova Hycross top end grades has commenced.

Commenting on the announcement, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business - Toyota Kirloskar Motor, said, “We are thrilled to announce the re-opening of booking for top-end grades of the Innova Hycross, ZX and ZX (O), effective August 1st, 2024. This reflects our commitment to provide access to our varied product choices to cater to the customer desires. The Innova Hycross has become a highly sought-after model, appreciated for its unmatched comfort and convenience. With its advanced technology, strong hybrid electric system, and robust design, the Innova Hycross has set new benchmarks in the market. We are truly humbled by the strong acceptance and confidence entrusted by our customers on this product.

We deeply appreciate the patience of our valued customers during the temporary halt period and regret any inconvenience. We are confident that the re-opening of the bookings of the Innova Hycross top-end grades will further enrich our customers' driving experiences and fulfil their mobility aspirations.”

Based on Toyota New Global Architecture (TNGA), the Innova Hycross celebrates Toyota’s globally recognized Quality, Durability and Reliability and reflects the brand legacy. It is powered by a 5th Generation Self-Charging Strong Hybrid Electric System, featuring a TNGA 2.0-litre 4-cylinder gasoline engine and a monocoque frame with an e-drive sequential shift, delivering a maximum power output of 137 kW (186 PS). This provides rapid acceleration and best-in-segment fuel economy that makes the Innova HyCross a wise choice for a greener tomorrow.

Designed for family needs, the feature-laden Innova Hycross is a vehicle for every occasion, offering glamor, toughness, comfort, safety, and advanced technology. Drawing inspiration from Toyota’s rich global SUV heritage, the Innova Hycross boasts a muscular and tough design with ample space, providing flexible and comfortable seating for all. This versatile vehicle is perfect for families wanting a car that can handle rough roads while delivering a seamless, fatigue-free drive.

We are doing our best to ensure a seamless booking experience and timely delivery. Customers can make their bookings online on www.toyotabharat.com or also visit their nearest Toyota dealership. 

Dynatrace Celebrates Five Year IPO Anniversary

* Milestone Commemorates Sustained Growth And Market Leadership In End-To-End Observability And Security

Dynatrace (NYSE: DT), the leader in end-to-end observability and security, proudly marks the fifth anniversary of its initial public offering on the New York Stock Exchange. Since its IPO, Dynatrace has consistently demonstrated innovation and growth, solidifying its position as a pivotal force in helping the world’s largest organizations deliver flawless and secure digital interactions.

Dynatrace’s achievements over the past five years include:

·       Elite Class of SaaS Companies: Became one of only 8% of public software companies in North America and Europe to exceed $1 billion in annual revenue.

·       Customer Success: Empowered over 4,000 organizations with end-to-end observability capabilities.

·       Durable Growth and Cash Flow Generation: Achieved a 28% compound annual revenue growth rate, with cumulative revenue of nearly $5 billion and more than $1 billion in cumulative operating cash flow over the past five fiscal years ended March 31, 2024.

·       Stock Performance: Generated a return of nearly 180% since the IPO, more than 3x the average return of our 2019 IPO cohort.

“We are immensely proud of our journey over the past five years, and we celebrate all customers, partners, and Dynatracers who have contributed to our success,” said Rick McConnell, Dynatrace CEO. “Over this period, Dynatrace has undergone a remarkable transformation, evolving from a carve-out to a leading public software company, all while remaining relentlessly focused on innovation and customer success. Now more than ever, software is expected to work perfectly, and this motivates us to continue delivering the unparalleled value to our customers that has helped us reach this milestone.”

“Since our IPO in 2019, we’ve transformed into an industry leader in end-to-end observability and security, driven by our dedication to helping our customers anticipate and navigate change,” said Bernd Greifeneder, Dynatrace CTO and Founder. “Today, our customers are confronted with new challenges, as they look to ensure flawless and secure software delivery while attempting to extract meaningful insights from unprecedented volumes of data. We are committed to delivering a platform differentiated by causal, generative, and predictive AI-powered observability, analytics, and automation to help our customers thrive in this new wave of change.”

About Dynatrace

Dynatrace (NYSE: DT) exists to make the world’s software work perfectly. Our end-to-end platform combines broad and deep observability and continuous runtime application security with Davis® hypermodal AI to provide answers and intelligent automation from data at an enormous scale. This enables innovators to modernize and automate cloud operations, deliver software faster and more securely, and ensure flawless digital experiences. That’s why the world’s largest organizations trust the Dynatrace® platform to accelerate digital transformation.

Curious to see how you can simplify your cloud and maximize the impact of your digital teams? Let us show you. Sign up for a 15-day Dynatrace trial.

To learn more about how Dynatrace can help your business, visit www.dynatrace.com, visit our blog and follow us on Twitter @dynatrace.

Black Box Limited Secures Rs. 410 Crores In Funding To Drive Growth And Expansion In Digital Infrastructure Sector

Black Box Limited (BSE: 500463/NSE: BBOX), a premier trusted global digital infrastructure solution integrator delivering cutting-edge technology solutions and worldclass consulting services to businesses around the globe, announced that it has received commitment for raising of funds aggregating to Rs. 410 crores via preferential issue aimed at accelerating growth and expansion in digital infrastructure sector.

The Board of Directors, in its meeting held today, approved the issuance in one or more tranches, 98,32,123 fully convertible warrants, at a price of Rs. 417/- (Rupees Four Hundred and Seventeen Only) per warrant, aggregating to Rs. 410 crores (Rupees Four Hundred and Ten Crores Only) and each Warrants is convertible into 1 (One) equity share of face value of Rs. 2/- (Rupees Two Only) each fully paid-up (“Equity Share”) of the Company at a premium of Rs. 415/- (Rupees Four Hundred and Fifteen Only) at the option of Proposed Allottee, in one or more tranches, at any time within 18 (Eighteen) months from the date of allotment of the Warrants in accordance with relevant provisions of SEBI ICDR Regulations.

The funding round has garnered Rs. 200 crores from the existing promoters of the company, which shows the continued confidence on the business and its growth plans, Rs. 200 crores from the consortium of marquee investors comprises of foreign institutional investors & high-net-worth individuals and Rs. 10 crores by key management personnel of the company. After the conversion of warrants into equity, promoter shareholding will be marginally lower from existing 71.1% to 69.8%. Black Box continues to be Essar’s key investment in the technology space.

Over the last couple of years, the company has focused on improving margins by taking several cost rationalisation initiatives and emphasis on enhancing the productivity. This has yielded positive outcomes leading to an increase in our EBITDA margins and Profit after Tax (PAT). We had achieved EBITDA of Rs. 428 crores in FY24, growth of 59% on FY23 EBITDA and PAT of Rs. 138 crores in FY24 which is 5.8x on FY23 PAT. We expect continued growth momentum on EBITDA and PAT in current financial year too.

The fund raise capital is a growth capital for the Company and will be invested across several key areas:

*  Expansion of Data Centre Build Capabilities: Data Centre capacity is expected to grow exponentially over the next 3-5 years fuelled by adoption of Cloud and AI. Black Box has strong presence in this segment and would invest in the value chain to be a dominant player providing expanded services to Hyperscalers, Multi-Tenant Data Centre operators and Large Enterprise Data Centre.

*  Advancement in Network Infrastructure: Black Box will deploy capital to expand its Solutions portfolio for its enterprise customers and Data Centre operators including Hyperscalers in the areas of Connectivity Infrastructure and Networking that will be critical to support increasing data traffic and demands of better user experience at the edge.

*  Innovation and Delivery: A portion of the funds will be allocated to innovation and development efforts aimed at pioneering new digital infrastructure solutions, including advancements in cloud computing infrastructure, cybersecurity, artificial intelligence and IoT.

* Go To Market Expansion: The investment will support the company’s strategic expansion and growth initiatives into key Industry Verticals with relevant technology solutions with key leadership hiring and expanding its sales and business development efforts significantly both in north America and emerging markets.

Mr. Sanjeev Verma, Chief Executive Officer of Black Box Limited stated, “We are thrilled to have secured this capital, which will enable us to embark on an ambitious growth trajectory and enhance our digital infrastructure offerings and drive innovation in a rapidly evolving market.”

Mr. Deepak Bansal, Chief Financial Officer of Black Box Limited stated, “thankful to the existing investors for continued confidence and welcoming new investors as we embark on next phase of growth and profitability. The company remains committed to invest in the areas of growth and maintain sharp focus on operational efficiency and return on capital.”

About Black Box Limited:

Black Box Limited is global digital infrastructure integrator delivering network and system integration services and solutions, support services and technology products to businesses in the United States, Europe, India, Asia Pacific, Middle East, Latin America and has around 4,000 professionals globally. Black Box has strong service offerings in the areas of network integration, digital connectivity infrastructure, data centre build out, modern workplace and cybersecurity for businesses across various industries including financial services, technology, healthcare, retail, public services like airports etc., manufacturing and other sectors.  

Zomato Fires On All Cylinders During Q1, 2024

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BUY

August 2, 2024

TARGET PRICE (Rs) : 270

Zomato once again churned out impressive results, with all segments registering healthy growth. Food delivery GOV growth remained robust at 27% YoY, and Blinkit continued tracking its sturdy growth path with GOV up 130% YoY to Rs49.2bn. For Food Delivery, the management sees GOV growth sustaining at >20% in the near term, slightly lower than that in the last couple of quarters. Blinkit’s stellar growth is complemented by continued improvements in profitability, where it sustained adjusted EBITDA breakeven despite investing in new stores. The mgmt now targets a store-count of 2,000 for Blinkit by 2026, as it continues its expansion spree for seizing market opportunities. Zomato has also announced its intention of building a one-stop destination app for ‘going-out’ called District and sees this as its third-largest B2C business. We revise our FY25-27 EPS estimates by -2% to 4%, factoring in the Q1 performance and the aggressive store expansion plans for Blinkit. We maintain BUY on Zomato, raising Jun-26E TP to Rs270/sh on SOTP basis.

Results Summary

Zomato reported revenue growth of 18.1% QoQ to Rs42.1bn, well ahead of our estimate of Rs38.1bn. All segments saw sequential growth, with Food Delivery/Hyperpure/Quick Commerce/Going Out growing 11.7%/27.4%/22.5%/2.2%, respectively. Food Delivery (FD) GOV grew 10% QoQ/27% YoY to Rs92.6bn. Average MTU in FD grew 6.8% QoQ to 20.3mn. Blinkit GOV grew 22.2% QoQ to Rs49.2bn, with adj. EBITDA sustaining the at breakeven levels. Overall adjusted revenue grew 16.7% QoQ to Rs45.2bn. Contribution margin for FD declined by 20bps QoQ to 7.3%. Blinkit’s contribution margin inched up by 10bps QoQ to 4%. Food Delivery adj. EBITDAM as a % of GOV improved to 3.4% (from 3.3% in Q4), while Blinkit’s adjusted EBITDAM improved to -0.1% (from -0.9% in Q4). Overall adjusted EBITDAM (as a % of adjusted revenue) improved, from 5% in Q4FY24 to 6.6% in Q1FY25. What we liked: Broad-based healthy growth across segments. What we did not like: Softness in FD contribution margin.

Earnings Call KTAs

i) During FY20-24, FD GOV CAGR was 30%. Given the expected structural demand growth and robust supply-side dynamics, the management expects a similar CAGR over the next 5 years, given that it executes well on all three marketplace fronts—customer base, restaurant partners and delivery partners. ii) FD contribution margin (as a % of GOV) declined by 20bps QoQ to 7.3%, and the company expects the volatility to continue, driven by seasonality. However, the mgmt. remains on track to achieve 4-5% adj. EBITDAM. iii) Competitive intensity in the QC business has been high, with some players spending more on marketing and subsidies. But this does not seem to affect Blinkit's performance, given the >20% GOV growth without the need to match the spends and subsidies. iv) It sees a line of sight towards logging a ~2k store-count by 2026-end at least (1k stores by FY25-end), while remaining profitable. Most of these stores would be in the top-10 cities. v) Average GOV throughput per store has grown, from ~Rs0.6mn/day in Q1FY24 to ~Rs1mn/day in Q1FY25. For the top-50 stores, avg GOV throughput is ~Rs1.8mn/day, which is still growing. The mgmt. believes that most stores are underutilized from a capacity standpoint, and hence GOV/day/store should continue increasing even after aggressive store additions. vi) Capex grew ~73% QoQ to Rs1.4bn, primarily due to addition of dark stores and a few Hyperpure warehouses. vii) The mgmt. reiterated that despite the expected increase in both, the ESOP charge and the cash employee expense, it expects total employee cost (as a % of adj. revenue) to continue trending downward in FY25 and beyond.

Bank of India Hikes Rates On Its Short Term & Medium Term Fixed Deposit

Bank of India, one of the leading public sector banks in India, has upward revised the interest rates on its short term & medium term Fixed Deposits of tenure ranging from 180 days to less than 1 year and continued to offer highest rate of 8.10% p.a. on its 666 Days Fixed Deposit under Non-Callable Deposit for Super Senior Citizen. 

Bank has hiked its rate for Fixed Deposits amounting less than Rs.3 Crore and now offering 6.00% for 180 days to less than 1 year. Further, Bank has also hiked its rate for Fixed Deposits amounting Rs.3 Crore to less than Rs.10 Crore and now offering 6.50% for 180 days to 210 days and 6.75% for 211 days to less than 1 year. 

Additional rate of interest of 0.65% on deposits of Super Senior Citizens and 0.50% on deposits of Senior Citizens below Rs. 3 Crore is offered for Fixed Deposits with maturity period of 6 months & above. Bank has continued its “666 Days - Fixed Deposit”, offering the best interest rate of 7.30% for customers & general public. Super Senior Citizen will get 7.95% p.a, Senior Citizen will get 7.80% p.a. under our 666 Days Fixed Deposit. Loan against Fixed Deposit and Premature 

Withdrawal facility is also available. Customers can visit any Bank of India branch or use the BOI Omni Neo App / internet banking to open Fixed Deposits with Bank of India.The revised rates are effective from 1st August, 2024. 

Rain Or Shine: Elevate Your Style With Platinum EVARA

This monsoon, let the rhythm of the rain inspire your style. Platinum Evara’s exquisite jewellery, crafted from pure platinum, brings a subtle yet striking charm to every rainy day, infusing your look with effortless glamour.

Our collection, made from 95% pure platinum, epitomizes understated sophistication. With its natural white sheen and meticulous craftsmanship, these pieces are essential for your monsoon wardrobe. Whether it’s delicate pendants or elegant bracelets, each design adds a refined edge perfect for both casual outings and formal occasions. From relaxed loungewear glam to chic boardroom looks, the minimalistic elegance of Platinum Evara’s jewellery effortlessly elevates your style.

Picture a sleek platinum pendant, its gemstone securely set in resilient platinum—your perfect companion for any rainy day, whether you’re acing a work commitment or savouring a hot cup of tea while the rain creates its magic

Platinum Evara’s jewellery is designed for the modern woman who cherishes both elegance and individuality. Crafted for those who value the truly unique, platinum is 30 times rarer than gold. Each creation embodies a subtle, enduring beauty that only platinum can offer, perfectly aligning with the spirit of today’s remarkable women.

This monsoon season allow platinum jewellery from Platinum Evara to be your style partner.

Choose from the latest Platinum EVARA collection available across leading jewellery retail stores. 

Website: https://platinumevara.com/

Facebook: @PlatinumEvara

Hero MotoCorp Expands Its Global Presence, Enters Southeast-Asian Geography With Operations In Philippines

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has commenced operations in the Philippines. This strategic expansion marks a significant milestone in the company’s efforts to strengthen its global presence.

Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive groups in the Philippines, will serve as the exclusive assembler and distributor of Hero MotoCorp products & services. The partnership between the two companies was announced in October 2022.

Niranjan Gupta, Chief Executive Officer, Hero MotoCorp said, “The commencement of operations in the Philippines will bolster our overall global presence. Hero MotoCorp, with its extensive and innovative product portfolio, is committed to delivering superior mobility solutions and exceptional after-sales services ensuring a delightful ownership experience. Partnering with Terrafirma Motors Corporation (TMC), a distinguished entity within the Columbian Group, we are poised to swiftly establish and expand our presence in this vital market." 

Bienvenido Sanvictores Santos, Chairman, Terrafirma Motors Corporation, said, “We are delighted to partner with Hero MotoCorp, one of the leading automotive companies in the world. Hero’s products are renowned for their technology and reliability, and we are confident that customers in the Philippines will love these motorcycles and scooters. Combining Hero MotoCorp’s global expertise with our local knowledge, we intend to make a significant impact in the market.”

A state-of-the-art assembly unit and parts warehouse has been set-up at Terrafirma Motors Corporation in Laguna, Philippines. Spanning over 6,000 sq. mtrs, the facility boasts an annual capacity of over 150,000 units.

This new assembly facility will produce Hero MotoCorp’s best-selling and globally acclaimed range of motorcycles, including the Xpulse 200 4V, Hunk 160R 4V, and the Xoom 110 scooter.

The company also commenced its retail operations today offering the Xpulse 200 4V at an attractive on-road price of PHP 140,000, the Hunk 160R 4V at PHP 99,900, and the Xoom 110 at PHP 69,900. Each product comes with a warranty of 2 years or 24,000 kilometers.

The partners have established a comprehensive retail network (sales, service, spares) with over 350 customer touch-points, and will plan to rapidly expand this network by the end of the year.

Hero MotoCorp is currently present in 48 countries with tech centres in India and Germany, and manufacturing facilities in India, Colombia, and Bangladesh.

The Role Exercise Plays To Manage Type 1 Diabetes Better

Parenting is a journey filled with joys, challenges, and boundless opportunities for growth. When your child is diagnosed with Type 1 diabetes, this adventure takes on a unique twist. Type 1 diabetes, characterized by the immune system's impact on the pancreas's insulin-producing cells, demands constant attention to blood sugar levels. However, it's crucial to recognize that your youngster can live a full, healthy life with Type 1 diabetes. The key lies in focusing on aspects of managing the condition that ensure your child’s overall well-being, such as by prioritizing daily exercise.

Dr. Kavita Bhat, Lead Consultant Pediatric Endocrinology, Aster CMI Hospitals, Bangalore  commented, “Incorporating physical activity into the daily routine of a child with Type 1 diabetes is important for their health and well-being. For parents, integrating a structured exercise regimen of 30 minutes will not only positively impact their child’s blood sugar control, but also enhance their insulin sensitivity and support a healthier lifestyle. Helping a child navigate their diabetes journey can also be made hassle-free by embracing advancements that simplify diabetes management. For instance, parents can utilize continuous glucose monitoring (CGM) devices, measuring glucose levels all day and night. These offer real-time data on how blood sugar levels respond to factors like meals, physical activity, and insulin doses.”

Dr. Prashanth Subramanian, Head of Medical Affairs, Emerging Asia & India, Diabetes Care, Abbott added, “Managing diabetes can be challenging for anyone – and in the case of children, parents play an important role to take care of their kid’s health. To empower them and help make the process of diabetes management less complicated, tech-led developments in the form of CGM devices prove useful. These are minimally invasive and painlessly track a child’s glucose levels. More so, through seamless integration with smartphones, they create a digital connection so that parents can effortlessly monitor and stay up-to-date on information in real-time, through data and visual graphs on sudden blood sugar spikes or lows. This is a valuable tool, empowering parents to calculate precise insulin doses for elevated glucose levels, while easing concerns and prompting greater confidence.”

In today's plugged-in world, physical activity can be tough to incorporate into your child's life. Luckily, the following game plan – with four simple steps – may make it easier to ensure your child is both healthy and moving:

Check blood sugar regularly

First, even before putting on your running shoes, check your glucose levels. Monitoring helps in determining the next dosage of insulin to be taken. You can do this easily with continuous glucose monitoring devices like FreeStyle Libre. Such devices also link to mobile phone apps, which give you access to your readings. This can let you observe any impact of stress or other lifestyle behaviours on your child’s health, which can lead to them making healthier decisions and spending more time in range (70–180 mg/dL).

Find fun activities to help you stay active

The easiest way to keep kids active is to find exercises that interest them. Establishing a routine by signing them up for a team sport helps. Activities could also include riding bicycles, dancing, playing cricket, or enjoying games like kho kho or kabaddi with friends or family.

To avoid letting kids feel singled out and like they need to exercise because of their illness, make it a family affair. It's a fun way to bond, and it keeps everyone in shape. Also, make sure that any activity is paired with adequate sleep, because rest is important for children with Type 1 diabetes.

3. Always have snacks on standby

To prepare for exercise, people are recommended to have roughly 15 grams of carbohydrates (such as in the form of a ground nut, chikki, fruits like bananas) before being active if their blood glucose levels are lower than 100 mg/dl — especially if your child plans to be moving around for 30 minutes or more.

However, sometimes, the pre-workout snack isn't enough to keep sugar levels from dropping. It's smart to have a snack kit on hand even when not exercising, especially as you never know when the need to be active may strike.

4. Keep a diabetes journal

You won't get it right every time — and that's fine. The important thing is to learn from each experience, such as understanding how your child's sugar levels react to different foods and activities. Especially when your child is first starting a new exercise routine, you should be checking frequently. Document their blood glucose levels, the food they eat, and the exercises they engage in, with time stamps. This way, you'll be able to adapt your game plan based on what's working and what's not, whether that means switching up snack time or rescheduling a morning jog or an evening walk. Always consult a doctor before making changes to your child's regimen or in case you have questions.

Remember, kids with diabetes aren’t limited by their condition. With tips like these, you can easily incorporate activity into their lives while their blood sugar levels are at bay – and get the whole family moving at the same time.

Emcure Pharma Teams Up With Moms To Normalise Breastfeeding In Public

*   (Public Awareness Campaign to Mark World Breastfeeding Week)

*   Normalize breastfeeding in public spaces, dispel related taboos, and spark meaningful conversation

*   Partnering with mom to promote the message of breastfeeding acceptance

*   Moms will hold “Breastfeeding Zones” signs at various public locations

*   Create a ripple effect, encouraging more people to support breastfeeding mothers

*   Activity in 9 cities - Bangalore, Chennai, Ahmedabad, Coimbatore, Kolkata, Siliguri, Vadodara, Mumbai and Delhi

Emcure Pharmaceuticals, an Indian pharma company with a strong focus on women’s healthcare segment, initiated a public awareness campaign during World Breastfeeding Week. Through this activity, Emcure aims to normalize breastfeeding in public spaces, dispel related taboos, and spark conversations to support mothers in feeling secure and at ease when nursing their kids in public.

WHO and UNICEF recommend breastfeeding for infants within the first hour of birth and exclusively for the first 6 months of their life. Breastmilk is the ideal food for infants. It is safe, clean and contains antibodies, which help protect against many common childhood illnesses. Breastfeeding is one of the most natural aspects of a woman's life, but many mothers face significant challenges when nursing their children in public. Social stigma and a lack of supportive environment often discourage mothers from breastfeeding outside their homes.

As part of the of World Breastfeeding Week activities, Emcure will collaborate with moms who will share their perspectives on public breastfeeding and the importance of normalizing it. The campaign will feature videos capturing intimate and loving moments between mothers and their babies while breastfeeding in public spaces such as malls, cafes, parks, and streets. Additionally, it will involve moms holding "Breastfeeding Zone" signs in various public locations, making a statement that every place should be a safe breastfeeding zone. The activity will be undertaken in 9 different locations across India.

Speaking on the occasion, Ms. Namita Thapar, Whole-time Director of Emcure Pharmaceuticals Ltd, said, “Breastfeeding in public places is often frowned upon even in urban areas. The unwanted and constant stare makes women feel unsafe and uncomfortable. We hope to sensitize people to create a comfortable and welcoming environment for mothers to nourish their babies without hesitation. Our goal is to promote a culture of acceptance and support for nursing mothers. We believe that every mother deserves the right to breastfeed whenever and wherever her baby needs, and we are committed to making this a reality."

This activity highlights Emcure’s long-standing commitment to women’s healthcare and community well-being. By addressing an important societal issue, Emcure continues to demonstrate its dedication to improving the lives of women and families.

About Emcure Pharmaceuticals Ltd:

Emcure Pharmaceuticals Ltd. (EPL) is a leading Indian pharmaceutical company headquartered in Pune engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products. Known for its commitment to innovation, quality, and patient-centricity, Emcure is an R&D driven company that develops and manufactures a wide range of differentiated pharmaceutical products designed to improve patient health and well-being across several major therapeutic areas. Established in 1981, EPL is ranked as the 12th largest pharma company in India in terms of Domestic Sales for MAT June 2024. Emcure is present in 70+ countries globally, including Europe and Canada.

Patel Integrated Logistics Reports Q1 FY25 Revenue Up 34.78% YOY

* Q1FY25 Gross Income jumps to Rs 96.89 crore as against Rs 71.89 crore in Q1FY24

* Registers a PAT of Rs 1.53 crore

Patel Integrated Logistics Limited (BSE: 526381 & NSE: PATINGLOG), one of the leading logistics and supply chain service providers in India, announced its unaudited financial results for the quarter ended on June 30, 2024.

Key financial highlights for Q1FY25:

Gross Income from Operations grew by 34.78% YoY to Rs 96.89 crores as compared to Rs 71. 89 crores in Q1FY24 primarily driven by healthy revenue growth and increase in volume

Profit after tax (PAT) increased by 47.71% YoY to Rs 1.53 core from Rs 1.03 crore

Key operational highlights for Q1FY25:

Total sales volume increased by 12.11% YoY to 14,535 tones

Commenting on the Q1FY25 performance, Mr. Mahesh Fogla, Executive Director, Patel Integrated Logistics Limited, said, “We anticipate double-digit growth by the end of this year despite recent global geopolitical conditions. Our PAT has been surging year on year, reflecting our strong performance and strategic resilience. We are also exploring opportunities to monetise our non-core real estate to further benefit our stakeholders. Additionally, recent announced by the Union Government regarding initiatives to develop airports across various cities along with airlines’ focus on cargo are creating significant advantages. This strategic environment is expected to bolster our continued growth and profitability.”

About Patel Integrated Logistics Limited:

Incorporated in 1962, Patel Integrated Logistics Ltd. is a pioneer in multimodal logistics solutions in India. PATEL is a trusted name in the world of logistics. The company is a leading IATA-approved cargo agency offering transportation of high-density cargo by air and surface within India. It covers all airports across the country and offers specialized services in both domestic and international logistics.

Doctors at Apollo Cancer Centre Perform Robotic -Assisted Surgery To Remove 1.13 kg Adrenal Tumour From Middle Aged Man

Apollo Cancer Centre, one of the top super speciality hospitals in India, performed a robot-assisted surgery to remove an extremely large adrenal myelolipoma (a non-cancerous tumour of the adrenal gland) measuring 18 cm and weighing over a kilogram to save a 49-year-old male patient. This complex robot-assisted surgery was performed by Dr. Ragavan N, Senior Consultant in Uro-Oncology, and his team from Apollo Cancer Centre using the da Vinci Xi robotic platform by Intuitive.

The patient was diagnosed with a large adrenal tumour, 18 cm in size, significantly larger than the average tumour, which typically measures 5 to 7 cm. Unlike standard cases, where an adrenal tumour sits on top of the kidney, this tumour encroached behind the right kidney, compressing the IVC (Inferior Vena Cava), as well as a significant part of the liver. The pre-operative workup indicated that the tumour was likely a myelolipoma. The doctors at Apollo Cancer Centre decided to proceed with robot-assisted adrenalectomy due to the significant risks posed by the size and position of the tumour.

Commenting on the complexity of this case, Dr. Ragavan N, Senior Consultant in Uro-Oncology at Apollo Cancer Centre, said, “In open surgery, handling such a large tumour can pose significant challenges. The soft and fragile nature of adrenal tumours, especially myelolipoma, which is composed of fat cells, can increase the risk of rupturing the tumour during manipulation. Even though the pre-operative evaluation suggested a myelolipoma, we were concerned about the probability of malignancy. Any rupture of the tumour (especially if it was malignant) could have led to metastasis (spread of cancer cells). Therefore, the decision to perform robotic-assisted surgery with the da Vinci system was crucial because of the dexterity, precision, and stability offered by the robotic arms, which enhanced our ability to lift and remove the tumour safely without causing any rupture.”

Expressing his gratitude, the 49-year-old patient said, “I’m extremely thankful to Dr. Ragavan N and the medical team at Apollo Cancer Centre who assisted him during the surgery. They counselled me about the benefits and risks of undergoing robot-assisted surgery and executed the surgery to remove the tumour safely without any complications. Without their support and care, I would not have recovered so quickly and returned to my normal life sooner than I expected.”

Dr. Ragavan N further elaborated, “Considering how obese the patient was (110 kg), the complex position and large size of the tumour, open surgery would have posed immense challenges. Removing such a large tumour would have required a 25 - 30 cm incision, which would have significantly impacted wound healing and recovery time, increasing the risk of developing a hernia. Locating the adrenal vein, a very critical yet extremely small structure, would have been extremely difficult in this case owing to the enormous size of the tumour. The minimally invasive nature of robot-assisted surgery with its 3D vision and dexterity made it easier for us to navigate through the challenges and perform the surgery. The enhanced precision and control offered by robot-assisted surgery minimize the risk and improve patient outcomes.”

About Apollo Cancer Centre, Chennai

Apollo Cancer Centre, India’s first ISO-certified healthcare provider, is today ranked among the top super-speciality hospitals, offering advanced tertiary care in Oncology, Orthopedics, Neurology and Neurosurgery, Head and Neck Surgery, and Reconstructive and Plastic Surgery. Equipped with 300 beds, the latest and best technology, manned by a large pool of world-renowned specialists, and supported by a dedicated team of medical and paramedical professionals, Apollo Cancer Centre offers speciality healthcare of international standards with outcomes matching those of the world’s best hospitals.