Cure.fit Acquires US-Based Digital Fitness Company Onyx; Aims To Accelerate International Offering

With a view to bolster its digital offerings in India and abroad, Cure.fit, India’s largest health & fitness company, has acquired Onyx, a California-based fitness company that is building the world’s smartest digital training experience.

Cure.fit’s acquisition of Onyx is a step towards improving its computer vision technology for its at-home fitness product and expanding its international business.

Onyx specialises in body tracking technology and personalisation of workout feedback. It provides highly accurate rep counts, form correction, and detailed performance tracking. Onyx is also one of the highest-rated apps in the fitness domain, was recently featured as “App of the Day” on Apple’s App Store and has seen rapid user growth over the course of the last year.

Cure.fit is India’s largest and most-funded health-tech company. Cure.fit recently launched in the US with its energy-meter tech wherein the phone camera tracks users’ movements as they try to follow guided content from trainers. Users can track their improvement, compete with their friends, post selfies, and follow their favourite trainers.

Commenting on the acquisition, Mukesh Bansal, Co-founder, Cure.fit, said: “The 20s will be the decade of digital health. Onyx will accelerate our efforts towards building a hardware agnostic AI-led platform that offers guided content on physical & mental wellness and nutrition all at the same place. Users will get a personalised experience with high quality tech and human touch, and will be able to achieve their fitness goals from the comfort of their homes without spending on expensive hardware.”

Shamik Sharma, Head of Technology at Cure.fit, stated: “With this tech, our digital product will be very similar to attending a group class at boutique studio or a personal training session in the gym. Users will get feedback on their movements and it will be a two-way interactive experience. We are integrating with all display devices like Apple TV, Chromecast etc. and users can follow a variety of exercises like dance, HIIT, yoga etc. from their home.”

While talking about the acquisition, Co-founder of Onyx, Asaf Avidan Antonir said: “Our mission at Onyx has always been to make truly personalized and connected fitness accessible to anyone. We are excited to be joining Cure.fit to contribute to this shared mission, and together bring incredible digital fitness experiences to a global audience even faster. High accuracy body tracking combined with studio quality content will help us create a very differentiated experience for our users.”

About Cure.fit

Cure.fit Healthcare Pvt Ltd is a holistic integrated healthcare platform headquartered in Bangalore. Founded in 2016 by Mukesh Bansal and Ankit Nagori, Cure.fit aims to address preventive healthcare through a combination of engagement, coaching and delivery using a mix of online and offline channels. Cure.fit caters to living a healthy life through its critical dimensions — physical fitness & wellness. Cult.fit, the fitness category, focuses on physical strength through several offline group workout centres & gyms, across top cities in India. Cure.fit is an app-based service provider and is available on Android and iOS.

For more information on Cure.fit: https://www.Cure.fit/

About Onyx

Onyx is a fitness app that uses on-device computer vision and AI to track nearly any exercise, correct your form, and provided guided workouts tailored to your performance in real time. Founded in 2018 by Asaf Avidan Antonir and James Sha, Onyx’s mission is to make personalized fitness accessible to anyone and provide the greatest connected fitness experience that does not rely on expensive hardware. Onyx is funded by leading VCs, fitness executives, and AI experts, and has been featured by Apple, Forbes, CNN, and more.

Glimpse Into Indo-Pak Border, With Rana Daggubati On ‘Mission Frontline’ From Jan 21

Last December, discovery+ announced it was foraying into the world of exclusive Indian originals. Now, as the nation gears up to celebrate its 72nd Republic Day, discovery+, India’s first and leading aggregated real-life entertainment and learning app, is now all set to launch the most anticipated show titled, Mission Frontline on January 21, 2021. Featuring multi-award-winning actor and producer Rana Daggubati, ‘Mission Frontline’ highlights the life of Border Security Force, our frontline heroes, fighting at the border to keep the country safe.

In the special episode, Rana Daggubati will experience first-hand, the difficult life of a BSF Jawan and live with the border men at the Murar Post, Jaisalmer. The Jaisalmer base camp has one of the richest histories as it is home to rich martial traditions and a witness to numerous battles. Providing an intimate glimpse into the lives of border men who put themselves at risk every day, this special documentary is bound to evoke a deep sense of appreciation for these unsung heroes.

The audience will get to see Rana in a never-seen-before avatar, performing tasks just like a Jawan, including physical training routines like learning to salute; running drill with weapons and backpack; fireman’s lift and hurdle jump. Taking the training and preparations a notch higher, Rana Daggubati will also be trained to use weapons, firing live rounds, patrolling on Camel, taking part in a simulated mission to track down and neutralize infiltrators and traveling on sand scooters among many other grueling tasks.

Talking about his experience, Rana Daggubati said, “India's Border Security Force - or the country's first line of defense has no holidays, no breaks and no breathers. If it isn't for those brave-hearts always on their toes, our nation stands at risk. I feel grateful to have been able to meet them, live with them and train with them. As a civilian and countryman, this experience gave me perspective on what goes into guarding our frontiers, 24/7. These Jawans are our lifeline, our guarantee to sovereignty, and they’re the true heroes," Rana added, "Going by what I experienced in Jaisalmer, Mission Frontline is a tribute to those Jawans' grit and spirit, with the intention to drive home some inspiration and gratitude for our defense forces, whose service we often take for granted.”

Issac John, Direct-to-Consumer Head, APAC - Discovery, said, “discovery+ is committed to providing its passionate audiences a revelatory and unique point of view with every story we tell. Mission Frontline will give our viewers unprecedented access into the lives of our Jawans at the border. With exclusive access to the Indo-Pak border, discovery+ gives the viewers a chance to know more about the lives of Jawans and the extreme training they go through. We are delighted to have Rana Daggubati as a part of the show, taking the story of the country’s border men to the people across the nation.”

Watch Mission Frontline, 21st January 2021 onwards, only on discovery+

About discovery+

‘discovery+’ is an exciting new D2C streaming app, launched to satiate the unmet need of a differentiated product offering premium real-life entertainment. Priced competitively with an introductory offer of INR 299 per annum, the app has been developed and curated specifically for India.  discovery+ offers thousands of hours of exclusive content across 40+ genres, including Science, Adventure, Food and Lifestyle, in 8 languages including Hindi, English, Tamil, Telugu, Malayalam, Kannada, Bengali & Marathi.  The premium subscribers have access to a large selection of never-seen-before Premium Discovery titles, must-watch documentaries, India originals and exclusive acquisitions. Free users of the app have access to all-time favorites from the Discovery library.

Thomson Tv Launches 2 Android TV’s Priced Rs 19,999 And IRs 22,499 On Flipkart From Jan 20-24

Consistent with its commitment to serve and bring the best in technology at the most affordable prices, Europe’s leading consumer brand Thomson, rings in the New Year 2021 on a high note. Once again, the brand is all set to delight the online shoppers with its never before offerings, as it gets ready to launch its first ever Android Tv in 42” and 43” under PATH series. The TV’s will be available at special prices starting INR 19,999/- during Republic Day Sale, starting January 20th to January 24th, only on Flipkart ! 

Bundled with amazing specs, the new models offer exciting features, which are not offered by other competing brands in the category. Voice Control Google Assistant, dedicated buttons for Prime, YouTube and Sony Liv, both the models have 3 ports HDM1 2.0 and support RF input. With power consumption < 75 the models grade at Level 5 on energy efficiency and are a great bargain for its given price. 43 Path has a 40 watts sound output, which is best in this segment. 

Some key features of Thomson’s Android 42”PATH2121 and 43”PATH0009BL, will include -  

PRODUCT SPECS : 

Android 9.0

The Android 9.0 operating system makes this TV as easy to use as your smartphone. In addition, it offers you a ton of different possibilities that come with an Android OS.

Super Bright Display

This TV’s Super Bright Display and a wide viewing angle of 178 degrees help you enjoy crystal-clear visuals from just about any angle.

Fast Processor

It boasts a quad-core CPU, Mali quad-core graphics processor, and a 1.4-GHz clock speed. Apart from these, it has an Amlogic chipset with ARM Cortex-A53 processor. These features work together seamlessly to offer you fast performance and an immersive viewing experience.

Multiple Connectivity Options

This TV is Bluetooth- and HDMI-enabled, and it supports USB connectivity. Thanks to that, you can connect a wide range of peripherals to it. Also, it has Chromecast (Android) and AirPlay (iOS) to help you cast your smartphone or even your tablet on the TV’s display.

Powerful Speakers

While this TV’s 30-watt speakers augment your viewing experience with powerful and crisp audio, its multiple sound modes make for a personalised listening experience.

Smart Remote

This TV comes with an ergonomic remote that features dedicated hot keys that help you access different apps, such as Sony Liv, Amazon Prime Video, and YouTube. It also has a button so that you can use the Google Assistant feature. Simply press the button and use voice commands to explore what all you can get Google to do for you.

Unlimited Content

Using this TV, you can access the Google Play Store and download a host of different applications, games, and much more that will keep you from getting bored. Watch and download more than 5000+ games and application

Cast Your Screen

Not only does this TV have multiple connectivity options, but it also features the easy cast function that helps you cast your smartphone, tablet, and even your laptop’s screen on it’s big and immersive display. Caste with more than 1000 applications. 

Globally recognised for its ‘Friendly Technology’ at affordable prices; Thomson has made a successful run in less than 3years and has become one of India’s fastest growing and leading Top 3 online selling smart Tv brands. Great reviews, high brand equity and customer satisfaction has added more badges to the brand's honour and established it as a continuous outperformer in its categories.

Enthralled at the launch, Mr. Avneet Singh Marwah, CEO, SPPL, exclusive brand licensee of THOMSON TV’s in India comments “The last year has been an ever changing and challenging year for all of us. One important lesson from the past year has been to value and respect the relationships we share with our near and dear ones. Customers have always been the most valued friend for Thomson and we want to celebrate the beginning of this year by launching two new products. We are launching India’s only 42” android tv, With these new products, we want to continue to offer an array of products with the best technology at most affordable prices.”       

Keeping a sharp eye on India’s smart Tv market that stands at 13.66 billion dollars, Thomson has been eyeing to capture 6-7 % of the total market share, as it is pegged to grow by 14 million sets a year.  Staying relevant to its consumer’s changing needs & preferences during the lockdown and ongoing COVID’19 pandemic, Thomson has continued to launch products that are befitting to the requirements.

Over the last one year, the industry has been driven by changing consumer behaviour and technological trends that are continuing to disrupt the market. Recognising 2020 as the year of content hogging, TV’s moved from living rooms to bedrooms, with this Thomson shifted its focus too. Be it work from home, online tutorials, or video conferencing on Zoom or other Apps, the brand introduced many, pre-loaded APPs & Games, OTT content and integrations, that made both working and learning from home, content viewing and entertainment consumption, an enriching experience for the consumers on bigger screens at much competitive prices. 

Super PlastronicsPvt. Ltd., the Indian brand licensee of Thomson Tv’s received its Android License from Google last year and became the only brand manufacturer in India to have received it. Making a successful comeback to the Indian TV market after almost 15 years the brand has created a stir in the online space ever since its launch in April 2018. Projecting a revenue of over INR 600 crores, the brand's India licensee- Mr. AvneetSInghMarwah, CEO, SPPL is aggressively pitching to capture 6-7% of the total Indian TV market. 

About Flipkart: Flipkart is India’s largest e-commerce marketplace with a registered customer base of over 150 million. Launched in 2007, Flipkart has enabled millions of consumers, sellers, merchants and small businesses to be a part of India's e-commerce revolution. With over 100,000 registered sellers, Flipkart offers over 80 million products across 80+ categories including Smartphones, Books, Media, Consumer Electronics, Furniture, Fashion and Lifestyle. Flipkart is known for pioneering industry-first innovations such as Cash on Delivery, No Cost EMI and easy returns – customer-centric services that have made online shopping more accessible and affordable for millions of customers.

About Technicolor: Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. Our commitment: supporting the delivery of exciting new experiences for consumers in theatres, homes and on-the-go. 

About Super Plastronics Pvt. Ltd. (SPPL): SPPL is a manufacturing concern established in 1990 with its Head Office in Noida. Its initial business was plastic injection moulding which then graduated to the manufacturing of CRT TVs and LED tvs on a date. We were one of the largest manufacturers of CRT TV cabinets in the 90’s and early 00’s. Today we are one of India’s foremost OEMs in CRT and LED Television. We have 3 manufacturing plants in India located in Noida, Una, and Jammu. They have an employee strength of over 1000 across India and are expanding as we grow. For additional information on Thomson TVs in India.

PMKVY 3.0 Will Take Skilling To Remotest Villages, Towns Across India

* Focus on strengthening District Skill Committees (DSC) for demand-driven skill training

* PMKVY 3.0 aims to train eight lakh candidates

* More than 1.2 Crore youth have been trained/oriented through improved standardized skilling ecosystem in the country under PMKVY 1.0 and PMKVY 2.0

In a bid to empower India’s youth with employable skills, the Ministry of Skill Development and Entrepreneurship (MSDE) today launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 3.0, in nearly 600 districts making 300+ skill courses available to the youth, making skill development more demand-driven and decentralised in its approach.

Dr. Mahendra Nath Pandey, Hon’ble Union Minister, MSDE launched the third edition of PMKVY in a virtual ceremony along with Shri RK Singh, Hon’ble Minister of State, MSDE. Aimed at supporting the local economy, PMKVY 3.0 has been designed to keep pace with changing demands, both at the global and local levels.

Launched in 717 districts, 28 States/eight UTs, PMKVY 3.0 marks yet another step towards ‘Atmnanirbhar Bharat’. PMKVY 3.0 will be implemented in a more decentralized structure with greater responsibilities and support from States/UTs and Districts. District Skill Committees (DSCs), under the guidance of State Skill Development Missions (SSDM), shall play a key role in addressing the skill gap and assessing demand at the district level.  The new scheme will be more trainee- and learner-centric addressing the ambitions of aspirational Bharat.

PMKVY 2.0 has been instrumental in bolstering the skilling ecosystem and with PMKVY 3.0, skill development will usher in a new paradigm with focus on demand-driven skill development, digital technology and Industry 4.0 skills. The Government’s growth agenda is guided by ‘Aatmanirbhar Bharat’ and ‘Vocal for Local’ vision. Keeping this in mind, PMKVY 3.0 is a progressive step towards achieving the vision by establishing increased connect at state, district and block level. PMKVY 2.0 broadened the skill development with inclusion of Recognition of Prior Learning (RPL) and focus on training. With the advent of PMKVY 3.0, the focus is on bridging the demand-supply gap by promoting skill development in areas of new-age and Industry 4.0 job roles.

While the National Educational Policy puts focus on vocational training for a holistic growth and increased employability, PMKVY 3.0 role will be a propagator of vocational education at an early level for youth to capitalize on industry-linked opportunities.

Dr. Mahendra Nath Pandey, Hon’ble Minister of Skill Development & Entrepreneurship, said, “Prime Minister’s vision of “Vocal for local and Atmanirbhar Bharat can only be achieved by furthering the skilling ecosystem to the district level. As a young nation, we’re poised to seize the opportunities that will make India the Skill Capital of the World. By taking the bottom-up approach to training, PMKVY 3.0 will identify job roles that have demand at the local level and skill the youth, linking them to these opportunities.”

“The increased role of district administrations and MPs in mentoring and monitoring the training programs under the schemes will bring in greater local connect. PMKVY 3.0 will encourage healthy competition between states by making available increased allocation to those states that perform better,” he added.

Shri RK Singh, Union Minister of State (I/C) Ministry of Power, Ministry of New and Renewable Energy and Minister of State, MSDE, said, “Skilling is not an objective but a necessary prerequisite for the economic growth of the country. We need to move with speed and scale if we have to fulfil the vision of making India the skill capital of the world and from there, the industrial capital of the world.”

The launch saw participation of various Members of Parliament and Skill Development Ministers from six states. Candidates from Pradhan Mantri Kaushal Kendras (PMKKS) in Meerut, Uttar Pradesh; Satna, Madhya Pradesh; Meethapur, Badarpur; Cuttack, Odisha; South Delhi also interacted with the ministers, and shared inspirational experiences of how skill training has transformed their lives and taken them closer to fulfilling their aspirations. In a freewheeling discussion, candidates spoke about additional courses they felt the need to train in their respective centres.

Both ministers assured candidates and heads of PMKK centres that they would be provided the additional courses that will help them cater to local demand. Amid messages congratulating MSDE for the success of PMKVY 1.0 and 2.0, ‘vocal for local’ emerged as a recurring theme, as all MPs and PMKK centres spoke about the need to build a local talent pool that can cater to industry demands.

The event was graced by the august presence of Dr. Mahendra Nath Pandey, Hon’ble Union Minister, MSDE, Shri RK Singh, Union Minister of State (I/C) Ministry of Power, Ministry of New and Renewable Energy and Minister of State, MSDE, Shri. Praveen Kumar, Secretary, MSDE, Shri Atul Kumar Tiwari, Additional Secretary, MSDE and Dr. Manish Kumar, MD and CEO, National Skill Development Corporation (NSDC). Shri AM Naik, Chairman, NSDC and Group Chairman, L&T also remotely addressed the event, highlighting the efforts made by NSDC in accelerating the skilling ecosystem and announced the launch of L&T Skill Trainers Academy Mumbai. 

Members of Parliament from eight constituencies across the country interacted with Dr. Mahendra Nath Pandey and Shri RK Singh to talk about skill development efforts in their states and welcomed the third phase of PMKVY. Additionally, State Skill Ministers from six states — Gujarat, Odisha, Assam, Haryana, Uttar Pradesh and Karnataka — extended their best wishes to the program.

ThoughtWorks Aacuires Gemini Solutions Inc For European Expansion

 

ThoughtWorks, a global software consultancy today announced it has agreed to acquire Gemini Solutions Inc., a privately-held software development and consulting services firm.

Founded in 2005 by a group of Silicon Valley technologists, Gemini Solutions is dedicated to delivering world-class software product development services. Today, it has over 170 team members that include software engineers and operations staff based in Romania covering a broad spectrum of technologies across the entire software product development lifecycle. Their technical teams are recognized not only for their fast-paced delivery but also for their product development discipline. Gemini Solutions offers a unique blend of creativity, agility, discipline, and technical excellence which has resulted in enduring partnerships with clients.

The close of the acquisition will see the establishment of ThoughtWorks Romania with the Gemini Solutions team at its core. The acquisition will strengthen ThoughtWorks' foundation and overall European expansion. The team will provide nearshore support for ThoughtWorks' clients in the UK and Germany as well as continue to support Gemini's existing clients in North America, France, and Germany.

Serban Tir, previously the chief technology officer of Gemini, will serve as the general manager (GM) of ThoughtWorks Romania.

"We are delighted that Gemini Solutions Inc will be joining the ThoughtWorks family. The team will form a key part of ThoughtWorks' global as well as European expansion plans. We have been seeking a premium partner to help increase our nearshore delivery capability and capacity, especially in Europe, and Gemini is a perfect fit. We're excited about taking on the baton from the Gemini founders and taking the business to the next level of its evolution. The team brings with them a wealth of experience and will also accelerate growth in our key strategic focus areas of digital transformation, enterprise modernization, data, and customer experience. Gemini's talent, cultural fit, commitment to delivery, ability to grow, and existing client relationships fit nicely with our own," said Guo Xiao, president and chief executive officer, ThoughtWorks.

"Since our inception, we have worked to help leading organizations regardless of size or maturity to flourish and thrive by providing exceptional software solutions. ThoughtWorks and Gemini Solutions have a common philosophy and dedication to client success. We are excited to have the opportunity to become part of a leading player in the global IT industry. This acquisition is also a testament and validation of the great talent and capability of the Romanian IT sector that a global organization like ThoughtWorks would look to invest in this market," said Theo Nissim, chief executive officer & founder, Gemini Solutions Inc.

This acquisition will significantly improve ThoughtWorks' ability to support and service clients, especially in Europe. The Gemini team brings with them a wealth of experience in IoT, big data, AI, data science, mobility, and cloud that will enhance and strengthen ThoughtWorks' offer in this space.

The transaction is expected to close in January 2021, subject to the satisfaction of closing conditions. Financial details are not being disclosed.

About Gemini Solutions

Founded in 2005 in San Francisco by a core group of Silicon Valley technologists and having a development center in Romania, Gemini Solutions delivers world-class software product development services. With over 170 team members that include software engineers and operations staff working in Bucharest, Cluj and Iasi, Gemini Solutions covers a broad spectrum of technologies across the entire software product development lifecycle. Gemini Solutions is committed to support its clients and partners with a unique blend of creativity, agility, discipline, and technical excellence.

https://www.geminisols.com/

About ThoughtWorks

We are a software consultancy and community of passionate purpose-led individuals, 7,000+ people strong across 46 offices in 15 countries. Over our 25+ year history, we have helped our clients solve complex business problems where technology is the differentiator. When the only constant is change, we prepare you for the unpredictable. www.thoughtworks.com

ThoughtWorks Receives $720 Million Investment At An Enterprise Value Of $4.6 Billion

ThoughtWorks, a global software consultancy today announced that GIC, Siemens AG, Fidelity Management and Research LLC, and Mubadala Investment Company have invested $720 million in the company.

Founded over 25 years ago, ThoughtWorks has grown from a small team in Chicago to a leading global software consultancy of more than 7,000+ ThoughtWorkers. Its roots are in digital transformation and agile software development and the company has been at the forefront of defining the tech principles used by some of the world's most successful organizations.

The proceeds will be used to repurchase equity from existing investors. The new commitment of capital comes as the company continues to invest in growth and international expansion.

"This placement is a very positive indicator of how strong our company and brand are perceived in the market. It's wonderful that GIC, Siemens, Fidelity and Mubadala see ThoughtWorks to be a strong investment and this is an endorsement of the strength and relevance of our business and people," said Guo Xiao, president and chief executive officer, ThoughtWorks.

"Since partnering with ThoughtWorks in 2017, the company has gone from strength to strength – accelerating growth and profitability and transforming to be world class in a highly strategic global market. ThoughtWorks' talented employees, global footprint and reputation for technical excellence make it a standout offering in the rapidly evolving digital transformation space," said Rohan Haldea, partner at Apax. "We welcome GIC, Siemens, Fidelity and Mubadala Investment Company as additional investors to support the company's growth strategy."

"Siemens strongly believes in the growth potential of supporting the digitalization of businesses across all industries. We believe that ThoughtWorks is the right partner with outstanding capabilities. I am proud of our investment to jointly accelerate digital transformation," said Cedrik Neike, managing board member of Siemens, responsible for Digital Industries and Siemens Advanta.

"As the clear market leader in digital transformation, ThoughtWorks' long term growth prospects were key to our investment decision. The company's unique offerings are pivotal to the digitization of many businesses which we see accelerating in 2021 and beyond," said Tim Breen, executive director, Technology at Mubadala.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC served as placement agents to ThoughtWorks in connection with this transaction. Kirkland & Ellis LLP acted as legal advisor to ThoughtWorks.

About ThoughtWorks

We are a software consultancy and community of passionate purpose-led individuals, 7,000+ people strong across 46 offices in 15 countries. Over our 25+ year history, we have helped our clients solve complex business problems where technology is the differentiator. When the only constant is change, we prepare you for the unpredictable. www.thoughtworks.com

About Apax Partners LLP

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. www.apax.com

About GIC

GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Headquartered in Singapore, GIC has investments in over 40 countries and employs over 1,700 people across 10 offices in key financial cities worldwide. www.gic.com.sg.

About Siemens

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. www.siemens.com.

About Mubadala Investment Company

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala's $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing. www.mubadala.com.

ITC Limited Conferred The ICSI National Award For Excellence In Corporate Governance

ITC Limited has been adjudged ‘Best Governed Company’ at the 20th ICSI National Awards for Excellence in Corporate Governance, 2020 in the Listed Segment: Large Category in recognition of its consistent growth and performance, contributive capabilities, governance ethos, and sensitized approach towards CSR and sustainable development. The Award was adjudged by an eminent jury under the chairmanship of Hon’ble Justice Shri A. K. Sikri, Former Judge, Supreme Court of India, and International Judge, Singapore International Commercial Court.

ITC’s Company Secretary, Rajendra Kumar Singhi was also adjudged ‘Governance Professional of the Year’ for his contribution towards adoption of effective governance processes. Mr Singhi received the Award on behalf of ITC at a ceremony held on the 13th of January 2021. 

Mr Piyush Goyal, Hon’ble Minister of Railways, Commerce and Industry and Consumer Affairs, Government of India was the Chief Guest at the Awards ceremony, which was also graced by stalwarts of the Indian corporate sector and governance professionals.

Thanking the ICSI for bestowing the Award, Chairman Mr Sanjiv Puri stated, “We are deeply humbled by this befitting recognition for ITC’s robust governance model anchored on the timeless values of trusteeship, transparency and ethical corporate citizenship. The high standards that we have set for ourselves is inspired by our credo of 'Nation First - Sab Saath Badhein' that seeks to create enduring value for our stakeholders, making a meaningful contribution to creating larger societal value whilst enhancing the competitiveness of our businesses with agility and innovative capacity. This Award, received in the presence of Hon'ble Minister Shri Piyush Goyal ji, will indeed be a source of immense encouragement to Team ITC as we traverse this journey to build a better tomorrow for our stakeholders and the Nation". 

ICSI National Awards for Excellence in Corporate Governance is a prestigious award that acknowledges the implementation of best practices in corporate governance. Instituted by ICSI, these awards encourage and recognize individuals and listed companies that imbibe and promote a culture of good corporate governance by not only inculcating good corporate governance principles in their functioning but also by implementing innovative practices, programs, and projects promoting the cause of corporate governance. It rigorously evaluated participants on several parameters including governance structure, transparency, and disclosure compliances, amongst others.

ITC has been one of the frontrunners in India to have put in place a formalized system of corporate governance, more than 2 decades back. 

ITC’s abiding commitment to its credo of ‘Nation First: Sab Saath Badhein’ is embodied in its corporate vision to sustain ITC’s position as one of India’s most valuable corporations through world-class performance, creating value for the Indian economy and the company’s stakeholders. The company’s corporate governance philosophy is anchored on the values of trusteeship, transparency, ethical corporate citizenship, empowerment & accountability, and control that is embedded in the strategies and planning process of every business of the company.