Tuesday, May 4, 2021

This Mother's Day, Madame Launches Special Campaign To Honour Their Love And Everlasting Impact


Leading Women's fashion brand Madame with their new campaign is honouring the contribution mothers play in every individual's life. The campaign showcases the bond between a mother and a child, and their everlasting impact. The emotional, supportive and always understanding nature of a mother is depicted very well through the video. 

Stylish western wear women's fashion brand Madame understands what it takes for a mother to juggle work, life and play. They know that moms often put others before themselves and they find that so admirable! To promote this, Madame will soon be launching a video to thank all of the moms out there on Mother’s Day! 

Akhil Jain, Executive Director, Madame, said that the purpose of this campaign is to remind ourselves of the special place mothers hold in our lives and the ways in which they make our lives easy and beautiful, sometimes unbeknownst to us. The core idea behind the launch of the campaign is to secure the customer's trust and faith in the Madame brand, akin to the trust and faith they have in their mothers. The campaign also throws light on the everlasting emotions and their depth which only grows deeper with time and generations, just like a mother's love.

"Madame, as a brand, has dedicated itself to the spirit of Indian women and we wanted to ensure that our campaign reflects our ideology. That is why the team spent long hours working on the concept of the campaign and the video. I would also like to make a special mention for our brand manager Harshit Ralhan who contributed to the ideation of the campaign," says Jain.

A mother and child share an unbreakable and unique bond of love. This year, Mother’s Day will be celebrated on 9th May across the globe. Mr. Jain further stated: "The campaign appeals to our sensitivities because of the subtle interconnection made between the robust place of mothers in our lives and Madame as a trusted brand. Both are not subject to the tides of changing times. They will always be there for you. You would just have to look. The feeling of reassurance is implicit and refreshing. It comforts the heart."

Last year, Madame had launched a special Autumn-Winters collection themed after Warner Bros. Wonder Woman to honour the indomitable spirit of women. The brand has been known for its unique initiative and campaigns which reflect its commitment towards the idea of women empowerment.

About Madame

Madame, a women's fashion brand of western wear was launched in 1993. It caters to a wide range of apparel, handbags, footwear, and accessories for women. The brand provides fast fashion in-trend merchandise, casual wear, and party wear. In-Line with its global image, currently, Madame has 150+ exclusive stores in metros, Tier I & Tier-II cities. Ever since the start of its first store in 2002, the brand has briskly grown across India the brand is available in over 500+ retail outlets across the country. The brand is vented through online markets including Myntra, Ajio, Flipkart and Amazon, and its own online store, Glamly.com.

L&T Technology Services Reports Resilient Q4FY21 To Close FY21 With Strong Execution


 * Q4 Revenue of $197.5mn, up 4% QoQ

* Q4 Net profit of ₹195 crore, up 5% QoQ

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter and full year ended March 31, 2021.

Highlights for Q4FY21 include:

Revenue at ₹14,405 million; growth of 2.8% QoQ

USD Revenue at $197.5 million; growth of 3.9% QoQ

EBIT margin at 16.6%; up 140 bps QoQ

Net profit at ₹1,945 million; growth of 4.5% QoQ

Highlights for FY21 include:

Revenue at ₹54,497 million; decline of 3%

USD Revenue at $737 million; decline of 6.3%

EBIT margin at 14.5%

Net profit at ₹6,633 million; decline of 19%

Board has recommended a final dividend of ₹14.50 per share

During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and leading-edge technologies stood at 52% during the quarter.

“We are exiting FY21 on an optimistic note post three consecutive quarters of strong deal wins and sequential revenue and operating margin improvement. The annual free cash flow generation at ₹1,252 crores was at a record high. I am happy to note that in Q4, our revenue is back on the positive year-over-year growth path.

We are seeing healthy deal win closures and pipeline build up as customers look for innovation and digital led transformation to strengthen their market positioning. Across all our five segments, we are investing in disruptive technologies and design labs to further the growth.

As we continue to execute in an environment made difficult by Covid uncertainties, I would like to thank our employees for their commitment, customer focus and resilience that has helped us deepen strategic relationships”, said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.

Industry Recognitions:

·   LTTS has been recognized as a ‘Leader’ for Development and Verification & Validation services in Industry 4.0 by Everest Group

·   ISG Group rated LTTS as ‘Leader’ in Smart Manufacturing Services for Automotive and Hi-Tech

·   LTTS won the 2021 Big Innovation Awards, USA for Chest rAI™ and i-BEMS™.

·    For its Solar Electrification tribal village project, LTTS was conferred with the Mahatma Award for CSR Excellence.

Patents

At the end of the fourth quarter, the patents portfolio of L&T Technology Services stood at 650, out of which 485 are co-authored with its customers and the remaining 165 have been filed by LTTS.

Human Resources

At the end of Q4FY21, LTTS’ employee strength stood at 16,452.

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,400 employees spread across 17 global design centers, 28 global sales offices and 69 innovation labs as of March 31, 2021.

Monday, May 3, 2021

Plaksha University Partners With The Edutech Giant Anthology


* To deploy Anthology’s enterprise applications and solution suite to deliver a world-class higher education experience to its students

Plaksha, an upcoming technology university for the future, has partnered with Anthology to leverage Anthology’s enterprise applications and solution suite including Anthology Student International, Anthology Reach, Anthology Finance & HCM, Anthology Payroll and a host of enterprise level applications, to provide a world-class higher education experience to its students and meet the expectations of next generation learners, faculties, and university staff members. With its APAC & EMEA headquarters in Bengaluru, Anthology is a leading US based edutech organization and most of its Research & Development (R&D) is carried out of its Bengaluru facility in India. Anthology is proud to extend its digital solutions to Plaksha, located in Mohali, Punjab.

Anthology has been empowering higher education universities across the globe for over 30 years by transforming their conventional campuses into digital campuses. Plaksha is working closely with top IIT faculty members and has a 50-acre campus with research labs, library, an innovation centre, and maker space with state-of-the-art infrastructure.

With Anthology’s customizable and robust enterprise applications suite, Plaksha will handle the core university processes by reaching its students and engaging with them across channels throughout their student lifecycle including CRM and examinations. This solution will eliminate redundancy and ensure the highest degree of integrity through its data and analytics services.

“Plaksha’s vision to create ethical problem solvers and fearless leaders who transform the world through advances in science and technology, resonates with our vision at Anthology. As we share this vision, we are motivated to work with Plaksha to enable them to reach their full potential using technology”, says Mr. Raj Mruthyunjayappa, MD & SVP – International Operations at Anthology.

Using our next generation enterprise applications and solutions, institutional needs such as identifying at-risk students early in their academic careers, creating individual support plans, and enabling students to excel in their field is made easy.

Anthology Student International is designed to not only provide security and stability but also consistency. The solution will allow Plaksha to seamlessly integrate with learning management systems and other technology solutions. Its core design principles provide an effective user experience.

The technology components of our ERP solution will ensure a superior online and classroom learning experience and facilitate the management of academic records, curriculum management, student academic progress, and graduation processing. It will also facilitate positive engagement with various communities to promote research and entrepreneurship.

Anthology’s enterprise applications and solutions are built using Microsoft Dynamics 365, Microsoft Azure, and Microsoft Power BI, and are designed to harness the collective power of world-class technologies and decades of higher education expertise. Using the cloud-based, mobile-enabled Anthology’senterprise applications suite, institutions have 24/7 access to their accounts and information. Faculty and staff teams are able to use enterprise-wide data to power reports and analytics for informed decision making from anywhere.

About Anthology

Campus Labs, Campus Management and iModules have joined together to form Anthology. We exist to help higher education advance and thrive. Through a connected data experience that offers a holistic view, creates efficiencies, and provides intelligence, Anthology inspires constituents to reach their full potential using technology insights in admission and enrolment management; student success and retention; institutional and learning effectiveness; alumni and advancement; and enterprise applications and infrastructure. Anthology partners with more than 2,100 colleges and institutions in over 30 countries to address the needs of all constituents in higher education.

Lam Research Commits $1 Million To Battle Against COVID-19 In India


* Funds will go to local charities and the Direct Relief organization to provide critical medical supplies and support

Lam Research today announced it will donate $1 million (~7.5 cr INR) for COVID-19 relief and recovery efforts in India​. The funds will support both local efforts in Bangalore and the Direct Relief organization’s efforts to provide oxygen concentrators and other critical medical supplies to health care providers in communities across India.

Additionally, the company has established a two-for-one matching gift campaign for monetary donations made by its global employees to eligible COVID-19 relief programs supporting India.

“It is heartrending to see the suffering of so many communities in the country,” said Rangesh Raghavan, corporate vice president and general manager at Lam Research India. “Here at Lam, we are committed to standing strong with the nation during these very difficult times. Given the massive scale and rapid pace of this health crisis, together with the global leadership team at Lam, we decided to accelerate and strengthen our funding to support those most affected.”

Throughout 2020, the Corporate Social Responsibility (CSR) team at Lam Research India, has invested in education and COVID-19 relief, including designing and funding Suraksha kiosks used for sample collection that put a protective physical barrier between healthcare professionals and patients as well as donated personal protective equipment (PPE) kits to government-run hospitals.

Over the last few weeks, the CSR team has engaged with local NGOs, authorities, and healthcare professionals to prepare an even more broad and meaningful strategy in the fight against COVID-19.

“We are humbled to be able to support those on the front lines, as well as families who are most vulnerable in our community,” Raghavan added.

In 2020, Lam Research gave each employee around the world below the director level a support payment to empower employees to use this relief funding where they believe it will have the greatest impact. This initiative reached over 90% of Lam’s approximately 10,700 employees.

With more than 1,000 employees in Bengaluru, the Lam Research India site plays a crucial role in working on the leading edge of the semiconductor innovation cycle.

Accenture Accelerates Mankind Pharma’s Digital Transformation With Data-Driven Cloud Platform


* Redesigns business processes and develops and deploys a digital platform to improve operational performance across its global presence

Mankind Pharma, the fourth largest pharmaceutical manufacturing company headquartered in India, has collaborated with Accenture (NYSE: ACN) to accelerate its digital transformation journey to become an intelligent enterprise, improving business agility, performance, and operational efficiency.

Accenture has redesigned the pharma major’s business processes across key functions such as finance, supply chain, sales and procurement for better inventory optimisation, demand planning, workforce productivity and product availability. As part of the project, Accenture deployed a digital platform based on SAP S/4HANA®, a Microsoft Azure cloud-based data lake and Tableau dashboards, providing cloud-based analytics to help Mankind Pharma get deeper insights into its global business operations and performance. The platform integrates data in real-time from multiple sources across the supply chain, workforce and sales to provide a consolidated view of market insights. This can help the management team make informed decisions around business strategy, planning and product development.

The project was completed remotely during the ongoing pandemic with no impact on business continuity.

“At Mankind Pharma, we are committed to product innovation so we can provide high quality and affordable pharmaceutical products to people across the world,” said Arjun Juneja, chief operating officer, Mankind Pharma. “Digitally transforming our business processes with support from Accenture has been key to unlocking value trapped within the organization, accelerating real time decision making and improving our product innovation lifecycle.”

Rishabh Bindlish, India Life Sciences and global generics lead, Accenture, added: “Digital reinvention can not only help pharma companies deliver high-quality and hyper-personalized services, but also improve business performance and build resilience against future disruptions. We are focused on helping Mankind Pharma embrace change and emerge as a data-driven enterprise to enhance its customer-centricity bringing innovative offerings to market at a faster pace and scale for patients.”

About Mankind Pharma

Mankind Pharma is the fourth largest pharmaceutical manufacturing company headquartered in India (as per IQVIA). Having begun its journey in 1995, Mankind Pharma operates in 34 overseas destinations leveraging 14,000 happy employees and is now one of the leading research-driven Pharma Manufacturing Companies in India. Its products range from Pharma, OTC and FMCG brands like Manforce Condoms, Manforce Tablets, Manforce Staylong Gel, Unwanted 72, Prega News, Adiction, Gas-O-Fast, Kaloree 1 and many others.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. 

Hero Motocorp Sells 3.72 Lakh Units Of Motor Vehicles & Scooters In April 2021


Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 372,285 units in the month of April 2021.

The sales in April’21 were subdued due to the temporary closure of plant operations and the retail outlets across several key territories in India on account of the impact of the second wave of COVID-19.

The sales numbers of April 2021 is not comparable with the corresponding month of the previous year (April’20), since no vehicles were manufactured and dispatched to dealers, due to the nationwide lockdown after the outbreak of Covid-19.

In keeping with its commitment to the safety and welfare of its people and to break the chain of the spread of Coronavirus, Hero MotoCorp has decided to extend the shutdown at its manufacturing facilities across India, its Global Parts Center (GPC) in Neemrana and the R&D facility – the Centre of Innovation and Technology (CIT) in Jaipur by another six days till May 9, 2021.  The plant operations will resume on May 10.

Hero MotoCorp had proactively halted the plant operations temporarily in a staggered manner for four days from April 22-May 1, in view of the rapid escalation in the spread of Covid-19 across the country.

All corporate offices of the company are in Work from Home (WFH) mode and a very small number of colleagues are allowed in offices on rotation basis for the continuity of essential services.

The company is continuously monitoring the situation and aims to compensate for the production loss during the remainder of the quarter.

Tata Motors Reports Domestic Sales Of 39,530 Units In April 2021


* Tata Motors Sales April 2021: Tata Motors sales in the domestic and international market for April 2021 stood at 41,858 vehicles

Tata Motors reported its monthly auto sales on Saturday, May 1, reporting 39,530 units sold in April 2021, marking a 41 per cent month-on-month drop in total domestic sales, compared to the previous month of March. Tata Motors domestic sales in March 2021 stood at 66,609 units. According to a regulatory filing by the company to the BSE on Saturday, Tata Motors sales in the domestic and international market for April 2021 stood at 41,858 vehicles. (Also Read: Tata Motors Sales Up 5% In 2020-21, 66,609 Units Sold In March )

According to the statement, Tata Motors sales of domestic commercial vehicles (CV) in April 2021 stood at 16,644 units, registering a 59 per cent drop month-month, compared to 40,609 units sold in March 2021. The commercial vehicles sale included passenger carriers, SCV cargo pickup, exports. The exports of commercial vehicles stood at 2209 units in April 2021, marking a 40 per cent drop month-on-month, compared to 3654 units in March 2021. 

Additionally, in terms of domestic passenger vehicles (PV), Tata Motors registered 25,095 units sold in April 2021, marking a 15 per cent drop month-on-month, compared to 29,654 units sold in March 2021.

Tata Motors is a listed company on stock exchanges BSE and NSE. On Friday, April 30, shares of Tata Motors settled 2.62 per cent lower at ₹ 293.95 per cent apiece on the BSE. On the NSE, its shares settled 2.91 per cent lower at ₹ 293.10 apiece on Friday. 

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