Nestlé India Launches The Much-Awaited Premium Coffee NESPRESSO Across Indian Market

The much-awaited NESPRESSO, the pioneer in premium coffee with its range of exclusive coffees will be launched in India by the end of 2024. The NESPRESSO coffees and machines will be available in both original and professional systems, to serve domestic and professional consumers. The first NESPRESSO boutique is intended to be opened in Delhi, before expanding to other key cities. NESPRESSO will also be sold online through e-commerce platforms. This launch will bolster Nestlé India's premium coffee offerings.

NESPRESSO – a certified B Corp™ - plays a pivotal role in driving coffee innovation, discovering unparalleled coffee blends, formulating new recipes, and offering a premium coffee experience for consumers. All NESPRESSO coffees are manufactured in high quality, state of the art manufacturing factories in Switzerland and exported to Nestlé markets worldwide.

Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “I am very happy that NESPRESSO will soon be available for consumers, coffee aficionados and coffee connoisseurs in India, to unlock new experiences and discover extraordinary coffees. In recent years, coffee consumption in India has witnessed a surge, with a discernible trend towards inhome consumption. A growing young population, exposure to global trends, and new experiences has established India as one of the fastest-growing coffee markets for Nestlé.”

Guillaume Le Cunff, CEO of Nestlé NESPRESSO S.A., said, “I am delighted that we will be introducing NESPRESSO to coffee lovers in India. For almost 40 years, NESPRESSO has been committed to elevate the coffee experience through our signature taste, and our commitment to sustainability embodied in our firm belief that coffee can be a force for good. After sourcing green coffee from India since 2011, I am excited to see the brand continue to grow in this promising coffee market.”

NESPRESSO focuses on high-quality beans through the NESPRESSO AAA Sustainable Quality™ Program, which was co-created in collaboration with the Rainforest Alliance in 2003. The program now includes over 150 ,000 coffee farmers across 18 countries. Around 600 NESPRESSO agronomists work directly with farmers, providing training and resources to improve coffee quality, farm productivity and sustainability. By selling high quality coffee to NESPRESSO, the farmers receive a premium which could improve their income and a more secure livelihood. Over 93% of coffee is sourced sustainably through the NESPRESSO AAA Sustainable Quality™ Program. NESPRESSO has been sourcing high quality green coffee from India since 2011 and works directly with around 2,000 coffee farmers in the country.

Headquartered in Lausanne, Switzerland, NESPRESSO is available in over 90 markets and has a network of over 800 boutiques in approximately 500 cities.

DSCI Cybersecurity Centre of Excellence, Telangana Hosts Cybersecurity And Privacy Conference

The DSCI’s Cybersecurity Centre of Excellence (CCoE), Telangana hosts a Cybersecurity and Privacy Conference at Hyderabad. This pioneering effort by Dr Sriram Birudavolu, CEO of the Cybersecurity Centre of Excellence Telangana was aimed at sensitising the government departments to the vulnerabilities of cyber-attacks and developing a strategy to counter the same.

The conference was attended by distinguished guests from various departments of the Government of Telangana, including Dr Jayesh Ranjan, Special Chief Secretary, ITE&C Department and Department of Industries & Commerce, who was the Chief Guest of the event. Ms Rama Devi Lanka, Director, Emerging Technologies was the Guest of Honour, and Mr Venu Prasad, Jt. Director (Infra & Communications) was a special guest at the conference.  Industry stalwarts such as Mr Vinayak Godse, CEO – DSCI, and Mr Srikanth Srinivasan, Vice President of NASSCOM were also present at the conference and enriched the gathering with their valuable insights. Over 200 government representatives from 30+ departments attended the event.

The event featured specialized sessions covering a wide range of topics, including Cybersecurity Best Practices, Data Privacy and DSCI Privacy Seal, Risk Management, Incident Response, and more. Led by industry experts, these sessions provided invaluable insights into tackling modern cybersecurity challenges. The DSCI Cybersecurity Centre of Excellence team also conducted a VPAT evaluation of the government website and presented the outcomes. They also shared insights on what the various departments should consider and the role CCoE can play in helping them implement those solutions. The conference witnessed a dynamic exchange of ideas, fostering collaborations between government entities and industry stakeholders to strengthen the cybersecurity ecosystem.

Mr. Jayesh Ranjan appreciated the team at CCoE for conducting the VPAT exercise for the government website. He encouraged the departments to identify common areas for collaboration to utilize the transformative potential of Cybersecurity Centre of Excellence, Telangana and devise strategies to safeguard the critical infrastructure and sensitive data assets in this digital era.

According to Dr Sriram Birudavolu, CEO of the Cybersecurity Centre of Excellence Telangana, “The CCoE has been set up with an aim to provide secure and resilient cyberspace to fulfil the needs of the digital economy and society by creating a cluster of cybersecurity organisations in the state. This conference was organized to highlight the vulnerabilities and give a holistic view of cybersecurity best practices and affordable indigenous solutions to the government departments.

the conference emerged as a cornerstone event, highlighting proactive efforts to fortify the cybersecurity landscape across government entities. The CCoE conducted a vulnerability assessment and penetration testing exercise on a government website.

Seven startups and partners of CCoE were recognized for their exemplary performance in conducting penetration testing exercises on government department websites, underscoring their commitment to advancing cybersecurity standards. Leading industry players actively participated in the event, showcasing their latest product and service offerings tailored to meet the cybersecurity needs of government departments. Stalls set up by companies such as TCP Wave, Qualys, Seqrite, Cotelligent, and others provided attendees with insights into cutting-edge cybersecurity solutions.

Tata Motors Inaugurates New Commercial Vehicle Spare Parts Warehouse In Guwahati

* First-of-its-kind integrated warehouse facility spans 1 lakh square feet, ensures seamless availability of Tata Genuine spare parts in the North East

Tata Motors, India’s largest commercial vehicle manufacturer, today announced the inauguration of a new commercial vehicle spare parts warehouse in Guwahati. The state-of-the-art facility is fully digitalised and spans across 1 lakh square feet, stocking spare parts for the entire commercial vehicle portfolio. The addition of the new facility will enable the company faster turnaround times and easier availability of spares at Tata Authorised Service Stations in the North East. 

Equipped with world-class infrastructure and safety measures, the facility will unlock greater customer value proposition through digitalised warehouse processes. Tata Motors has partnered with Delhivery, India's largest fully integrated logistics services provider, to leverage its technology-enabled warehousing and transportation solutions.The facility also boasts cutting-edge storage systems catering to diverse needs, including gravity spiral and vertical reciprocating conveyors. Additionally, a designated area for handling medium and heavy vehicle body parts has been integrated to ensure seamless operations.

Speaking on the launch, Mr. Vikram Agarwal, Head – Spares and Non Vehicular Business, Tata Motors Commercial Vehicles, said, “The inauguration of the new warehouse in Guwahati is a testament to Tata Motors' customer-centric approach and will further enhance the vehicle ownership experience by ensuring easy availability of spares. The new warehouse will enable smarter inventory management at Tata Authorized Service Stations in the region, thereby enhancing service quality and vehicle uptime. This new facility brings us closer to our customers in the fast-progressing region of the North East, making logistics more efficient."

Tata Motors offers an extensive range of sub-1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks, and buses segments to address the evolving needs of logistics and mass mobility segments. The company ensures unparalleled quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts.

About Tata Motors

Part of the USD 150 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 42 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.

Tata Motors strives to bring new products that captivate the imagination of GenNext customers, fuelled by state-of-the-art design and R&D centres located in India, the UK, the US, Italy, and South Korea. By focusing on engineering and tech- enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused on developing pioneering technologies that are both sustainable and suited to the evolving market and customer aspirations. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies and playing an active role in liaising with the Government of India in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2023, Tata Motors’ operations include 88 consolidated subsidiaries, two joint operations, three joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.

Toyota Kirloskar Motor Unveils “T GLOSS”: A Comprehensive Car Detailing Solution

In line with its ‘customer-first’ philosophy, Toyota Kirloskar Motor Pvt. Ltd. (TKM) today announced the launch of its revolutionary car care brand, “T GLOSS”, marking the brand's foray into the world of car detailing. In response to the rapidly increasing demand for high quality and reliable car detailing services among customers in India, TKM is set to redefine the car care industry with its comprehensive range of solutions tailored specifically for Toyota vehicles.

Starting May 1, 2024, “T GLOSS” treatments will be offered at every authorised Toyota dealership in India. This provides customers with convenient access to quality car care solutions delivered in a highly professional manner, ensuring a delightful ownership experience.

As an industry first by any car maker, under the “T GLOSS” brand, TKM will offer a wide array of services curated to enhance a vehicle's appearance, both inside and out. This includes ceramic coating, underbody coating, silencer coating, and internal panel protection. These treatments are not only aimed at enhancing the aesthetic appeal of vehicles but also offers certain degree of protection against environmental elements.

Customers can also avail comprehensive services such as interior enrichment and exterior beautification services that breathe new life into the car, revitalizing its aesthetic appeal and ensuring it looks as good as new. Additionally, for the well-being of the passengers, “T GLOSS” services go beyond the surface with AC duct cleaning and evaporator cleaning, contributing to an immaculate ambiance, promoting a healthier driving environment. All the services are meticulously designed to rejuvenate the interiors and exteriors of vehicles, providing a renewed sense of pride and satisfaction to Toyota owners.

Speaking on the initiative, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “We are thrilled to unveil “T GLOSS”, an innovative and industry first venture that underscores Toyota Kirloskar Motor's unwavering commitment to  'customer-first' philosophy. We are witnessing growing trend among car owners who prioritize quality vehicle maintenance, and “T GLOSS” is designed to meet their needs by helping them keep their cars in excellent condition aesthetically.

“T GLOSS” is a one-stop-shop solution aimed at offering customers high quality car care solutions that are tailored specifically for Toyota vehicles to ensure safety and upkeeping of vehicles ultimately designed to offer a peaceful ownership experience. This launch marks a significant another critical milestone in our journey of delivering Toyota owners an all-encompassing car care solution that seamlessly aligns with our core values of quality, durability, and reliability (QDR)”

In addition to its extensive service offerings, “T GLOSS” will place strong emphasis on customization and flexibility to accommodate the diverse needs of customers. The services will be undertaken by highly skilled and trained professional to ensure integration of not only usage of high-quality material but also ensure the services are rendered in the most professional manner ensuring longevity of the vehicle’s aesthetics, including exteriors as well as interiors.

Over the years, TKM has strived to consistently improve customer experiences throughout the entire purchase and ownership cycle by implementing timely and relevant initiatives through value-added services that include the newly introduced “Awesome New Car Delivery Solution”, 5-Years of Complimentary Roadside Assistance Program and specialized schemes, aimed to make the dream of owning a Toyota vehicle a reality, ensuring a joyful ownership experience for our existing customers.

Nestlé India And Dr. Reddy’s To Form JV To Take Health Science Outraceutical Portfolio To Consumers Across India And Other Territories

Nestlé India Limited  (BSE : 500790, NSE: NESTLEIND) referred hereafter as “Nestlé India” and Dr. Reddy’s Laboratories Ltd (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY; along with its subsidiaries together referred to as “Dr. Reddy’s”), both together referred as “JV Partners”, today announced that they have entered into a definitive agreement to form a joint venture (“JV Company”) to bring innovative nutraceutical brands to consumers in India and other agreed territories. The partnership will bring together the well-known global range of nutritional health solutions as well as vitamin, minerals, herbals and supplements of Nestlé Health Science (NHSc) with the ­­­­strong and established commercial strengths of Dr. Reddy’s in India. The joint venture will help JV Partners combine their strengths and grow their complementary nutraceuticals portfolios in categories such as metabolic, hospital nutrition, general wellness , women’s health and child nutrition for consumers across India.

The JV Company will be headquartered in Hyderabad. The JV Company will leverage the capabilities as well as services of the Nestlé Group and Dr. Reddy’s.

Select brands will be licensed by the JV Partners to the JV company. The Nestlé Group will license brands such as Nature's Bounty, Osteo Bi-Flex, Ester-C, Resource High Protein, Optifast, Resource Diabetic, Peptamen, Resource Renal and Resource Dialysis. Dr. Reddy’s will license brands such as Rebalanz, Celevida, Antoxid, Kidrich-D3, Becozinc in the nutrition, and OTC segments. The JV Company is expected to become operational in Q2 of FY’25. 

Commenting on the joint venture, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “I am very happy to share that we are entering into a joint venture with Dr. Reddy’s Laboratories Ltd. We have been on a journey where we strive to add value to the lives of our consumers through powerful brands and products. This joint venture is another important step in that direction, allowing us to bring our science-backed nutritional solutions to more people across the country. Dr. Reddy’s is a trusted name in the pharmaceutical space and shares our commitment to provide access to high quality products. This joint venture will enable us to build a robust retail and distribution network to take our brands closer to consumers and making a meaningful difference to improve the quality of life.”

M.V. Ramana, CEO – Branded Markets (India & Emerging Markets), Dr. Reddy’s said, “This joint venture is a novel approach by two companies that have a shared purpose of good health. We are pleased to partner with Nestlé India to bring innovations from the Nestlé Health Science global portfolio to consumers in India. This novel approach of leveraging mutually complementary strengths of both parent companies will enable better access and affordability for consumers.”

Radio City To Redefine Entertainment With Their Launch On JioTV

* Radio City breaks new ground with the debut of their 24x7 video channel - RC Studio

Radio City, a trailblazer in vibrant music and engaging content, is thrilled to announce its debut on JioTV. This pioneering fusion marks a significant milestone as Radio City becomes the first-ever radio station in the country to introduce a 24x7 video channel under the banner of RC Studio.

This launch on JioTV not only extends the reach of Radio City but also provides advertisers with limitless opportunities to engage with a nationwide audience.  Through this association, Radio City will be able to reach out to JioTV’s massive audience base across the country. The JioTV mobile app – which has over 1,000 channels in more than 16 languages and 12 genres from over 200 broadcasters is available to all the Jio subscribes across the country.

Through this launch, Radio City will touch the nerves of the younger, digitally savvy generation, leveraging their attraction to screens to reignite their interest in radio. By embracing the new digital platform, Radio City will deliver phenomenal content that echoes with the Gen Z. RC Studio will also be available on connected TVs through JioTV+ which comes as a part of JioFiber and AirFiber.

This initiative will be pivotal in bridging the gap between different audience segments and expanding Radio City's reach to a larger demographic, creating a more inclusive and vibrant entertainment approach. The launch of RC Studio propels Radio City into the digital era by enriching the entertainment experience for its audience with the JioTV app which is now also available on MyJio app and JioBharat phones.

Ashit Kukian, CEO of Radio City, expressed his excitement: "In this exciting juncture of innovation and expansion, I am thrilled to announce the launch of our pioneering channel, RC Studio, on JioTV and JioTV+. The launch marks a historic point in our journey, reflecting our brand's evolution and commitment to 'Radigitalization'. Our RC Studio's tagline, 'Mast Raho', encapsulates our dedication to crafting a comprehensive digital experience that caters to our existing and new audiences. Radio City has always been a frontrunner when it comes to innovative concepts, and with this launch on JioTV, we are forging the future of entertainment by providing a platform that ignites excitement and engages viewers and brands alike in ways like never before!"

The amalgamation of Radio City's timeless audio content with dynamic visuals on JioTV and JioTV+ signifies a paradigm shift in broadcasting, breaking new ground and redefining the essence of entertainment. Combining the power of video and audio in perfect harmony will allow them to engage audiences like never before.

Radio City's RC Studio offers an all-encompassing entertainment experience. From refreshing music to exciting content, audio narratives, and exclusive interviews with film industry luminaries, the studio promises a diverse array of elaborate content.

About Radio City:

Radio City, a part of Music Broadcast Limited (MBL), is a subsidiary of Jagran Prakashan Ltd. Being the first FM radio broadcaster in India with over two decades of expertise in the radio industry, Radio City has consistently been the No.1 radio station in Bengaluru with 25.2% and No.2 in Mumbai with 14.3% average listenership share respectively. (Source: RAM Data, TG: 12+ Period: Week 1, 2013 to Week 52, 2022). Radio City Delhi ranks #3 with an 11.7% average listenership share (Source: RAM Data, TG: 12+ Period: Week 1, 2019 to Week 52, 2022).

Music Broadcast Limited has 39 stations across 12 states, comprising 62% of the country’s FM population. Radio City reaches out to over 69 million listeners across India, and it is covered by AZ Research 2019 (Source: AZ Research Report). The network provides terrestrial programming through its digital interface, www.radiocity.in

Radio City has spearheaded the evolution of FM radio by offering content that is unique, path-breaking and invokes city passion amongst listeners with its brand philosophy of “Rag Rag Mein Daude City”. The network introduced humour and the concept of agony aunt on radio with Babber Sher and Love Guru respectively. It also initiated Radio City Freedom Awards, a platform to recognize independent music and provided a launch pad to budding singers with Radio City Super Singer, the first singing talent hunt on radio for fourteen years. In 2022, the organization launched its first international property ‘Radio City Business Titans’ to recognize Indian businesses for their unwavering business excellence.

Radio City has bagged over 192 awards across renowned national and international platforms such as New York Festivals Radio Awards, ACEF Global Customer Engagement Forum & Awards, Golden Mikes - Radio & Audio Awards, India Audio Summit and Awards, India Radio Forum, etc. in the recent past. In 2022, Music Broadcast Limited won ‘India's Best Company of the Year 2022’ Award by Berkshire media. Radio City has been consistently featured for the 7th time in ‘India’s Best Companies to Work For’ study conducted by Great Place to Work Institute. The company has also been recognized in ‘India’s Best Workplaces for Women – 2019’ and has ranked amongst the Top 75 organizations on the list. In 2020, Radio City ranked 4th in ‘Best Large Workplaces in Asia’, according to the GPTW survey. 

NPST Announces Q4 And FY 2024 Results: Posts 216% Growth In YoY Revenue

Full Year 2024

Consolidated Annual Revenue: Rs 130.08 crore, up 216% YoY

Net Profit: Rs 26.71 crore, up 310% YoY

Fourth Quarter 2024

Revenue: Rs 44.71 crore, up 109% YoY

Net Profit: Rs10.02 crore, up 161% YoY

NPST, a leading provider of digital banking and payment technology solutions listed on the NSE SME exchange, announced strong fourth quarter and full-year results for FY 2024.  Buoyed by a winning combination of favourable growth in digital payments, as well as its innovative technology solutions and expanding customer base, NPST reported significant increases in both revenue and net profit.

The consolidated FY 2024 annual revenue surged by 216% to Rs 130.08 crore, up from Rs 41.13 crore in FY 2023. Additionally, net profit increased by 310% to Rs 26.71 crore, a substantial rise from Rs 6.52 crore in the previous fiscal year.

For the fourth quarter of FY 2024, NPST achieved revenue of Rs 44.71 crore, marking a significant 109% increase compared to the same quarter of the previous fiscal year. The company’s net profit also saw a remarkable increase of 161%, reaching  Rs 10.02 crore compared to the fourth quarter of the previous fiscal year.

In Q4, NPST secured significant orders for its Evok Payments Platform-As-a-Service (PPaaS) offerings from payment aggregators and incremental orders from existing banking clients. The company also diversified into offline payments with Qynx, its QR and SoundBox solution, securing orders from two major banks. Additionally, NPST secured an order for its ODR solution from DCB Bank.

Commenting on the results Ashish Aggarwal, Co-founder and Joint MD, NPST said; “We are proud to have delivered on our commitments, with a record-breaking performance across all metrics – organic revenue growth, PAT and earnings per share. These results reflect the strong fundamentals of our business. We anticipate continued positive momentum and are dedicated to maintaining our upward trajectory."

Commenting on the company’s performance, Deepak Chand Thakur, Co-Founder and CEO of NPST, stated; "NPST closed out 2024 with accelerated organic revenue growth of 216%, demonstrating a strong focus to delivering on our financial commitment. The results highlight our strong standing as a trusted technology partner to banks and Fintechs in the payments ecosystem. Our consistent performance is enabled by a combination of NPST’s unique business model, investments in technology, growing customer base and talented team. We are optimistic about our future and our ability to drive further innovation and value in the digital payments space.”

Future Growth

NPST sees substantial runway for growth through the long-term potential in person to merchant digital payments, and the opportunity to capture new payment flows and market segments. The company's distinctive business model bridges the gap between banks and Fintechs and positions it well for future digital opportunities.

To sustain growth, NPST will focus on a three-pronged approach: strengthening the technology core by investing in Innovation Labs with a focus on AI and ML technologies; layering additional overlay services on its EvoK PPaaS offering; and making significant investments in building a strong leadership pipeline to scale the organization and support enhanced business performance.

About NPST

Established in 2013, NPST, a Make in India company, is one of India's leading Fintech firms, with a listing on the NSE Small and Medium Exchange.

With a primary focus on UPI payments and digital banking solutions, NPST functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), catering to stakeholders across the financial value chain, including banks, merchant aggregators, merchants and consumers. Committed to innovation and excellence, NPST' aims to bridge the gap between banks and Fntechs and foster the overall growth of the digital payments’ ecosystem.

Presently, NPST facilitates seamless money movement for over 100 customers, processing an impressive 60 million transactions daily, benefiting millions of businesses, merchants, and consumers nationwide.  For more information, please visit: https://www.npstx.com/