Sunteck Realty Limited Announces Operational Update For Q1FY22

* Pre-sales grows by 74% yoy in Q1 FY22 to Rs 176 cr 

* Collections grows by 165% yoy in Q1 FY22 to Rs 172 cr 

* Collection efficiency stood strong at 98% of Pre-sales in Q1 FY22 against 64% in Q1 FY21  

Sunteck Realty Limited announced its Q1 FY22 operational updates. Commenting on the Q1FY22 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “In the quarter gone by, we continued our strong momentum in operational performance. Both pre-sales and collections witnessed sturdy growth along with high collections efficiency. The industry consolidation is leading to rise in the share of business for organized developers and Sunteck will be one of the biggest beneficiaries of this trend. Going forward, we expect to leverage our brand franchise and management expertise to evaluate new growth opportunities and thereby continue to increase our overall market share. 

A key to our strong operational performance is being a dominant developer in each of the micro-markets and housing segments we are operating.  Additionally, the focus on our core strength of sales & marketing and in-house construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward.”  

About Sunteck Realty 

Sunteck Realty Limited (SRL) is one of the fastest growing Mumbai-based luxury real estate development companies. SRL has an immaculate track record of having one of the lowest net Debt/Equity ratios, financial prudency and sustainable growth. The company focuses on a city centric development portfolio of about 38 million square feet spread across 19 projects. Sunteck Realty has differentiated its projects under five brands - ‘Signature’: Uber luxury residences, ‘Signia’: Ultra luxury residences, ‘Sunteck City’: Premium luxury residences, ‘Sunteck World’: Aspirational luxury residences, ‘Sunteck’: Commercial & Retail developments. The company has been a trendsetter in creating iconic destinations such as the flagship project, Signature Island at Bandra Kurla Complex (BKC), Sunteck City in Oshiwara District Centre (ODC), Goregaon and SunteckWorld at Naigaon - the largest township of MMR’s western Suburbs. 

Globally Acclaimed Series, The Pact Is Streaming On Lionsgate Play

Global content leader Lionsgate Play is streaming one of the most talked about series, “The Pact” this month. Known for its curated content from all across the world, Lionsgate Play showcases bold, edgy and gripping content. With a plethora of options available on different platforms, it’s a boon to have access to a platform that has bespoke content resonating with their core positioning, Play more Browse less.  

The 6-episode series narrates a story about four friends who are bound together by a fragile pact of silence post they corroborate a murder. Directed by Rebecca Johnson, Eric Styles and written by Pete Mc Tighe, the series is a masterpiece with the finest casting that will keep one on the edge the entire season. Download Lionsgate Play on Google Play Store, Apple app store and Amazon Firestick and get access to thousands of titles including acclaimed shows like Normal People, Knives Out, La La Land etc. 

Some rave reviews for The Pact received by top publications are: 

Hello- “...Exhilarating hour of Television” 

The Spectator- Quietly radiates a wholly justified confidence: BBC 1’s The Pact reviewed “The result is a show that never appears to be trying too hard, quietly radiating instead a wholly justified confidence in the dependability of its methods” 

The Guardian- “Wales’s Big Little Lies will have you on tenterhooks” “… it was a grand reminder of the country’s strength in depth of acting talent, especially in adversity; it’s one of the first series completed wholly during lockdown” 

BT- “…. fully formed characters, who felt real and multi-dimensional” 

Independent- “… writing and the cast are strong” 

Stylist- The Pact: get ready to fall hard for BBC One’s shocking new crime thriller “…must-watch crime thriller” 

Tellymix- “The thrilling new series brings together a stellar cast and crew that has worked on some of TV’s best-loved dramas” 

Hello! Spotlight- “… The new show is set to be a huge succeed with viewers and critics Alike…” 

The Irish Times- The Pact is a stonking standout of a crime thriller “It’s the perfect bombshell chucked at just the right moment” 

Radio Times- “…New female-led crime thriller will have you gripped from start to finish” 

Trailer Link: https://www.youtube.com/watch?v=JAYH_FNsR_s 

About Lionsgate Play 

Lionsgate Play, a premium streaming service from Lionsgate India and Starz, offers bespoke Hollywood content for Indian consumers. It boasts of thousands of hours of Premium Hollywood content including Premieres, billion-dollar Franchise Movies and binge worthy Box Sets. Lionsgate Play has a widely distributed network in the region spanning across partnerships like Vodafone Idea, Bharti Airtel, Jio FTTH, Apple TV+, Amazon Firestick, OEM’s with an ambitious roadmap ahead. Lionsgate Play also develops and produces a diverse slate of high budget premium Indian originals. 

JK Tyre Partners With Ki Mobility Solutions To Strengthens Its Retail Presence

Indian tyre industry major & market leader in Truck Bus Radial segment, JK Tyre & Industries Ltd., further expands its retail presence and has announced the signing of its agreement with Ki Mobility Solutions Private Ltd (KMS), part of MyTVS facility which has 1000+ outlets and is also India’s largest digital automotive aftermarket platform.

Commenting on the partnership, Mr. Dinesh Dasani, VP-Replacement Sales, JK Tyre & Industries Ltd. said, “We are constantly working towards making our products and services easily accessible to customers. This strategic partnership with Ki Mobility Solutions will not just help us in providing 24 hours assistance to the customer but act as a catalyst to strengthen our service portfolio range across the country. With this, we are confident to develop a large service network to drive the next phase of growth and deliver best practices in the aftermarket tyre service business.”

Mr. G Srinivasa Raghavan, Managing Director, TVS Automobile Solutions commenting on the partnership said, “We are delighted to partner with JK Tyre to provide full portfolio tyre care solutions to our customers. We will be able to service tyre care needs to over 3 million customers which will increase to 10 million customers in the next two years through our digital ecosystem of 1000+ multi brand service network. We are confident that we would be able to increase market share for JK Tyre across 2 Wheelers, passenger cars and commercial vehicle segments.”

The value-added sharing of services through this alignment will enhance product value through processes like total wheel alignment, automatic tyre changing, nitrogen inflation, radial tyre repairs, etc., resulting in better customer service.

JK Tyre & Industries Limited

The flagship company of JK Organisation, JK Tyre & Industries Ltd is amongst the top 25 manufacturers in the world. Pioneers of radial technology, the Company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. The Company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers.

A global force, JK Tyre is present in 105 countries with over 180 Global distributors.  The Company has 12 globally benchmarked ‘sustainable’ manufacturing facilities - 9 in India and 3 in Mexico – that collectively produce around 35 million tyres annually. The Company also has a strong network of over 4000 dealers and 550+ dedicated Brand shops called as Steel Wheels and Xpress Wheels.

JK Tyre’s unwavering commitment towards innovation is reflected through its state-of-the-art global research and technology centre – the Raghupati Singhania Centre of Excellence - in Mysore, which houses some of the world’s finest technologies and techniques.

JK Tyre launched India’s first ever ‘Smart Tyre’ technology-and introduced Tyre Pressure Monitoring Systems (TPMS) which monitors the tyre’s vital statistics, including pressure and temperature. In 2020, the company rolled out its 20 millionth Truck/Bus Radial tyre becoming the first and the only Indian company to achieve this milestone.

It is the only Indian tyre manufacturer to be included in the list of Superbrands India in 2021 for the eighth consecutive year. JK Tyre has been conferred the Sword of Honour for Safety across its plants by the British Safety Council, UK. The company entered the Limca Book of Records with the country’s largest off-the-road tyre - VEM 04. Another remarkable addition to the list of the brand's accolades is being a 3-time recipient of the Economic Times - Iconic Brand of the Year Award.

JK Tyre is also synonymous with motorsport in the country. For over three decades, the Company has relentlessly worked towards shaping India’s positioning as the motorsport hub of Asia, developing the right infrastructure for the sport and promoting young talent in the arena.

Modicare Limited Strengthens Its Health & Wellness Portfolio; Launches Immunity Boosting Chyawanprash Under Its Brand Well

Modicare Limited, one of India’s leading direct selling companies, strengthens its presence in the health & wellness space with the launch of the immunity boosting Chyawanprash under its popular ‘Well’ brand. This launch comes close on the heels of the company’s 25th year anniversary, fortifying its illustrious journey and the promise of providing relevant products at the right price.

The Chyawanprash is developed under Well brand’s new ‘Sci-Vedic’ range that brings together the best of Ayurveda and Modern Science. It is packed with the goodness of more than 40 essential herbs such as Chandan, Amla, and Ashwagandha that helps boost immunity. A powerful antioxidant, Well Chyawanprash not only help to strengthen and stimulate immune system, but also supports healthy respiratory system, improves memory, aids in blood purification, besides effectively fighting against common diseases to support overall wellbeing. With demand for health and wellness products witnessing an upward trend amidst the COVID times, this launch is a strong step in fortifying Modicare Limited’s position in the wellness space that has been witnessing rapid growth.

Announcing the launch, Mr. Samir Modi, Founder and Managing Director, Modicare Limited said, “Triggered by the onslaught of COVID, health and wellness have assumed massive significance and boosting immunity products have become a compelling need today.  With our unwavering commitment to innovate and bring in new products that make a difference, we have leveraged the age-old traditional wisdom of Ayurveda and merged it with modern science, to introduce products under the ‘Sci-Vedic’ range. Given the overwhelming interest in immunity building category, Well Chyawanprash is a natural progression as we look at further consolidating our sectoral leadership.”

With wellness being a key category, Modicare has been continuously leveraging innovation and technology to provide world-class products to its customers. With an enhanced focus on immunity building, Modicare’s ‘Well’ brand has witnessed an upsurge in demand and today accounts for 29% of the total Modicare business. In fact, the brand has grown by over 40% in 2020-21. In addition to the recently launched Chyawanprash, the brand offers a multitude of products under its Sci-Vedic range such as Well Turmeric, Well Amla, Well Tulsi, Well Aloe Vera, Well Ashwagandha, and many more, designed to cater to the needs of individuals as per their requirements.

Well Chyawanprash is available at a price of MRP Rs. 215/- for 500g and can be purchased across the country through Modicare direct sellers.

About Modicare:

Modicare is one of India’s leading Direct Selling Companies and the pioneer of Direct Selling industry in India. This year is even more special as Modicare celebrates its 25th Anniversary. Modicare has also been ranked 5th among India’s 50 Great Mid-size Workplaces by Great Place to Work® Institute for second consecutive year.

Today, the company has over 50 Lakh Direct Sellers and 2,50,000+ new Direct Sellers joining each month. Modicare offers over 300 products, 700+ SKUs across 13 categories - Personal Care, Wellness, Skin Care, Colour Cosmetics, Food & Beverage, Homecare, Auto Care, Laundry Care, Technology, Jewellery, Watches, Divine, and Agriculture. It has a national presence through its 10000+ Distribution Points and over 50 Modicare Centres.

Abbott Launches Panbio™ COVID-19 Antigen To Strengthens Rapid Diagnostics Portfolio To Support Testing At Home, Work And Clinics

* Panbio™ COVID-19 Antigen Self-Test has received CE Mark for over-the-counter use in adults and children, with or without symptoms

* The self-test features a minimally invasive nasal swab and delivers results in as early as

15 minutes with no instrumentation, using proven Abbott lateral flow technology

* Automatic reading of test results and fast, easy online reporting to Indian Council of Medical Research (ICMR) via Abbott’s NAVICA™ reporting app

* In clinical evaluations with self-test users, the Panbio Self-Test correctly identified

95.2% of positive samples and 100% of negative samples

Abbott has announced the launch of Panbio™ COVID-19 Antigen Self-Test for the detection of the SARS-CoV-2 virus in adults and children with or without symptoms. In alignment with the current ICMR advisory on self-use, these tests will be made available to ramp up testing of symptomatic and asymptomatic individuals and contacts of confirmed coronavirus cases.

Abbott will deliver millions of Panbio COVID-19 Rapid Antigen Tests available for self-use to ease the burden on healthcare systems in urban and rural India. Since the tests provide critical information at a point in the infection cycle when people are at the highest risk of spreading the disease, they can be a powerful tool to slow the spread of infection.

"India needs a clear, multi-pronged COVID-19 response strategy," said Professor Nirmal Kumar Ganguly, former Director General, ICMR. "Scaling access to easy, accurate and fast testing can speed up the country’s preparedness and curb community contagion. Self-testing at home empowers individuals with the ability to carry out the first line of protection against disease transmission. This not only streamlines the process of isolation, tracing and tracking but also supports people in taking charge of their own health and enhances participation of individuals willingly."

In India, Abbott will offer self-tests for use at home, assisted professional testing at point of care and laboratories, as well as workplace testing to help enable a sense of normalcy in returning to places of employment.

"Rapid antigen testing is critical in the fight against COVID-19 and Abbott is delivering a variety of diagnostics options at a critical juncture in the pandemic," said Sanjeev Johar, divisional vice president of Abbott’s rapid diagnostics business in Asia Pacific. "Self-testing is a proven tool that provides an added layer of defense along with public health protocols and the vaccine roll out."

Self-Tests enable fast testing and reporting to help curb the spread of infection

The Panbio COVID-19 Antigen Self-Test is easy-to-use, and people can take the test by using a simple nasal swab (not the deep nasopharyngeal swab) while following the Instructions for Use steps on pack. For children younger than 14 years, an adult caretaker should help collect the nasal samples and conduct the test procedures.  The kit contains all the materials required including nasal swabs, test devices and reagent ampules. No additional instrumentation is required to conduct the test.

Self-test kits are offered in packages of one, four, 10 and 20 tests. With results in just 15 minutes, the Panbio COVID-19 Antigen Self-Test enables people who test positive to immediately isolate so that they do not infect others, rather than waiting days for results.

The test is to be used along with Abbott’s NAVICA mobile app, available in the Google Play and Apple app store. The app offers a simple and streamlined process of self-registration, automatic reading of results and easy reporting as per ICMR guidelines. Panbio Self-Tests will be available via retail pharmacies and through e-commerce platforms, as well as through organizations and institutions.

Rapid point of care testing delivers timely health information to inform treatment

Abbott has multiple professional use diagnostic test options in India that deliver reliable, on-the-spot results. Abbott offers the Panbio™ COVID-19 Ag Rapid Test Device for professional use. This version of the test – which is scientifically identical to the self-test– can be administered by health professionals on adults and children, with or without symptoms. Like the Panbio Self-Test, the professional test offers a minimally invasive nasal swab option for the assisted, supervised sample collection, which can help people who are not comfortable with the deep nasopharyngeal swab. It delivers results in 15 minutes.

The Panbio professional test demonstrated 95.7% sensitivity and 97.6% specificity when benchmarked against RT-PCR tests, indicating high reliability.[i]  Abbott is the only diagnostics manufacturer to provide performance data on a rapid antigen test specific for use on children who are 15 years and younger, including infants. Panbio has CE Mark for asymptomatic use and supervised nasal swab collection and is on the World Health Organization (WHO) Emergency Use Listing.

Land Rover Supports Virgin Galactic's First Fully Crewed Space Flight

* Mission accomplished: Land Rover vehicles support Virgin Galactic’s first commercial space flight with a full crew

* Range Rover Astronaut Edition and Land Rover Defender 110 help put Sir Richard Branson into space for the first time

* Partners since 2014, Land Rovers tow Virgin Galactic space vehicles, transport astronauts and support day-to-day operations

* Watch the mission at www.virgingalactic.com/

Land Rover was part of the mission as Virgin Galactic completed its first ever fully crewed space flight, with founder Sir Richard Branson on board as one of four Mission Specialists.

The SpaceShipTwo Unity craft travelled with four Mission Specialists and two pilots on board. The six-strong crew started and completed their mission at Spaceport America in New Mexico. Sir Richard arrived for the ‘Unity 22’ mission in a Range Rover Astronaut Edition and after a safe landing his spacecraft was towed back to waiting well-wishers by a Land Rover Defender 110.

The company’s fourth crewed spaceflight was the first to carry a full crew. Those in the cabin experienced out-of-seat weightlessness and incredible views of Earth from space.

Audiences around the world watched a livestream of the space flight, seeing first-hand the extraordinary experience Virgin Galactic is creating for future astronauts.

“This is an incredible technical and human achievement for the Virgin Galactic team as they took personal adventure to thrilling new heights,” said Joe Eberhardt, President & CEO, Jaguar Land Rover North America. “Land Rover is proud to have supported this exciting mission and we look forward to supporting all the flights into the future.”

Virgin Galactic is the world’s first commercial ‘spaceline’. It has already signed up around 600 Future Astronaut customers, who will be transported to their flights in vehicles supplied by partner Land Rover.

Land Rovers are part of daily life for the Virgin Galactic team, with roles which include towing the space vehicles, carrying equipment and clearing runways before take-off for the first private company to fly humans into space in a craft designed for commercial service.

Stephen Attenborough, Chief Customer Officer for Virgin Galactic, said: “Land Rover has been by our side, on our side and part of our daily lives at Virgin Galactic since 2014. It was completely fitting that these capable, luxurious and iconic vehicles played a central part in today’s historic events. As we look ahead to the start of a full commercial service, we couldn’t be more delighted to know that Land Rover will be going Above and Beyond, as together we open space to change the world for good.”  

Virgin Galactic founder Sir Richard Branson and Jaguar Land Rover Chief Creative Officer Prof Gerry McGovern OBE unveiled the Range Rover Astronaut Edition in 2019. Created by Land Rover SV Bespoke and offered exclusively to Virgin Galactic Future Astronaut customers, these luxury SUVs celebrate the partnership’s shared values and the Future Astronaut community’s historic contribution to the democratization of space.

Cyient To Support The UK's HMLR To Centralize And Digitally Register The Local Land Charges Records

Cyient, a global engineering and digital technology solutions company, announced that it has been selected by HM Land Registry (HMLR) to support its Local Land Charges (LLC) Programme.

HM Land Registry safeguards land and property ownership valued at £7 trillion, enabling over £1 trillion worth of personal and commercial lending to be secured against property across England and Wales. The Land Register contains more than 26 million titles showing evidence of ownership for more than 87% of the landmass of England and Wales.

Cyient has partnered with Esri UK and Xerox to deliver this project. The partnership brings a wealth of proven and relevant experience of direct and tangible benefits to the LLC program. The program aims to digitize and migrate millions of separately held local land charge records from local authorities into a centralized digital register. This will enable HMLR to provide a single and simple-to-use digital service for homebuyers and conveyancers.

Mark Kelso, Programme Director, Local Land Charges, HM Land Registry said: “We are excited to be working in partnership with Cyient to deliver the new national digital LLC Service for England and Wales.”

"We are delighted to have been selected by HMLR to support the LLC Programme. Cyient's experience in successfully delivering large volume geospatial information digitizing and migration projects made us a solid fit for HMLR,"said Matt Wood, Geospatial Sales Director, EMEA, Cyient.

Cyient will work with Esri UK to provide a fully configured and customized version of the Esri SWEET™ software package, which will be used as the primary spatial capture and improvement tool for HMLR. Xerox's Capture and Content Services, which use powerful artificial intelligence and machine learning, will automatically capture and validate information from digital and physical local land charge records.

“Esri UK look forward to collaborating with Cyient and Xerox to support HMLR on their LLC Programme.  Location is a key parameter for the programme and our Sweet for ArcGIS software is designed for exactly this type of use case—configurable, Web-based geospatial data capture/editing by multiple parallel operators with real-time feedback to support efficient capture of high quality data,” said Miles Gabriel, Commercial Manager at Esri UK.

“Homebuyers and conveyancers expect easy and instant access to land records, because they make financial and legal decisions based on these documents,” said Darren Cassidy, Managing Director for U.K. and Ireland and Senior Vice President for Europe, Middle East & Africa (EMEA) Enterprise and Global Accounts Operations at Xerox. “Xerox services together with Cyient's geospatial platform will automatically populate and enable a centralized digital register improving the citizen experience.”

Cyient will own the entire process and provide a central management information platform, allowing for "single pane of glass" reporting, with the ability to drill down to prove data integrity and provenance. Cyient will provide all spatial capture and improvement services as well as textual capture.

About Cyient

Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and digital technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems. 

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical technology and healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial products, and energy and utilities.