Tech Mahindra Revenues And EBIT Beats Estimates In Apr-Jun ’21 Quarter Results

 Actual vs. expectations

Revenues and EBITM both were ahead of our and consensus estimates.

Likely stock reaction

Positive

Key positives – Broad based growth, strong deal intake (USD815mn), EBITM beat.

Result Summary

·         TechM reported revenues of USD1.38bn, up 4.1%/14.6% QoQ/YoY (CC 3.9%/10.8% QoQ/YoY), ahead of our expectations of USD1.36bn. Revenues from Communications and Enterprise segments grew 2.9% QoQ CC and 4.5% QoQ CC respectively.

·         EBITM fell 80bps sequentially to 15.2% and came 120bps ahead of our expectations on account of lower depreciation and SG&A costs.

·         Adj. Profits at Rs13.85bn (25.1% QoQ, 39.2% YoY) was 18% ahead of our estimates on account of revenue and EBIT beat, higher other income and lower taxes.

·         Net new deal intake was robust at USD815mn (Communications – USD352mn and Enterprise – USD 463mn).

Relative performance compared to Tier-1 cos in Jun’21:

·         Revenue growth - TCS US$ 6.15bn, 2.4% CC QoQ; Infosys US$3.78bn, 4.8% CC QoQ; Wipro US$2.4bn, 12% QoQ CC (organic 4.9%); HCLT US$2.72bn, 0.7% QoQ CC.

·         EBITM - TCS Adj. EBITM fell 130bps QoQ to 25.5%; Infosys Adj EBITM declined 80bps QoQ to 23.7%, Wipro IT services EBITM declined 320bps QoQ to 17.8%; HCLT adjusted EBITM declined 80bps QoQ to 19.6%.

Growth by Verticals

·         Telecom: 12.6%YoY ( V/s -0.2% YoY in Mar’21 quarter)

·         Manufacturing: 12.2%YoY ( V/s -5.2% YoY in Mar’21 quarter)

·         Retail, transport & logisitcs:  16.4%YoY  ( V/s 6.2% YoY in Mar’21 quarter)

·         Technology, media & entertainment: 22.7% YoY( V/s 27.8% YoY in Mar’21 quarter)

·         Banking, financial services & insurance: 19.7% YoY (V/s 10.3% YoY in Mar’21 quarter)

·         Others: 11.1% YoY (V/s -3.4% YoY in Mar’21 quarter)

Growth by Geographies

·         US: 8.4%YoY ( V/s -2.1% YoY in Mar’21 quarter)

·         Europe: 20.5%YoY ( V/s 2.7% YoY in Mar’21 quarter)

·         ROW: 20.7% YoY( V/s 11.5% YoY in Mar’21 quarter)

Manpower details

Total Headcount: 126,263 up 4.3% QoQ

LTM Attrition: 17%, V/s 13% in Mar’21 quarter and 12% in Dec’20 quarter.

Manipal Institute Of Virology, Kasturba Medical College Created Awareness On World Hepatitis Day – Attended Over 300 Participants

Manipal Institute of Virology (MIV) organized an online international webinar on World Hepatitis Day, in the honour of Dr. Baruch Blumberg, a Nobel Laureate, well known for his exceptional work on the discovery of Hepatitis B virus and vaccine, jointly with Department of Gastroenterology and Hepatology, and Department of Immunohematology and Blood Transfusion of Kasturba Medical College (KMC), Manipal on 28th July and the webinar was attended by more than 300 participants across the globe.

 The webinar featured expert talks from scientists across the globe. Dr. Sharath Kumar Rao, Dean and Professor, KMC, MAHE, Manipal stated that “this day marks the celebration of the progress made against hepatitis”. The Chief Guest of the webinar, Lt. Gen. (Dr.) M.D. Venkatesh, Vice-Chancellor, MAHE inaugurated the session and addressed the participants emphasizing this year’s theme, “Hepatitis Can't-Wait!”. He also mentioned the importance of awareness programs and webinars in sending a message against Hepatitis during this pandemic period and the global objective of eliminating Hepatitis by 2030. 

Dr. Chiranjay Mukhopadhyay, Director, MIV gave a brief overview of the achievements of MIV and KMC in quality research. He also spoke about the challenges faced during the COVID-19 pandemic, the lack of quality-assured serological tests, the dearth of low-cost virological in-vitro diagnostics, and limited facilities for testing hepatitis.

 Dr. Shiran Shetty, Professor, and Head of, Department of Gastroenterology, KMC, MAHE, Manipal intrigued the crowd with ‘Case capsules on Hepatitis-B related liver diseases. Dr. Shetty enlightened the participants about the mitigation of Hepatitis A and D viral infections with equitable emphasis on sanitation practices. He explained the phases of chronic Hepatitis B infections, the complications like cirrhosis associated with chronic HCV infections, and the dynamicity of hepatotropic infections. He spoke about how surveillance and monitoring are indispensable for keeping these infections in check. 

Dr. Pradip Devhare, Assistant Professor, MIV, MAHE, Manipal, presented an elaborative overview about ‘COVID-19 and Liver disease’. He started off by giving statistical data showing liver disease causes 2 million deaths/year worldwide, out of which 1 million deaths are due to liver cirrhosis and the remaining deaths are due to viral hepatitis and hepatocellular carcinoma. India accounts for 1/5th (18.3%) of all cirrhosis deaths globally. Chronic injury to the liver may be due to viral infection, alcohol consumption, obesity, drug-induced injuries, etc. He discussed the hepato-tropism of SARS-CoV-2 and the potential mechanisms of COVID-19 associated liver injury based on clinical and experimental data. 

Dr. Devhare presented some case studies where the mortality rates of COVID-19 infected patients with Chronic Liver Disease (CLD) were compared with that of patients without CLD. Case reports where Hepatitis B virus reactivation was observed after the administration of immunomodulatory drugs were also discussed. He expressed concern that due to the pandemic and lockdown restrictions the surveillance of CLD patients has been reduced and that the efficacy of COVID-19 vaccines must be studied in patients with CLDs. He concluded that “according to mathematical models, a 1-year delay of Hepatitis C treatment administration may yield a mortality up to 44,800 because of hepatocellular carcinoma and 72,300 liver-related deaths”. 

Dr. Shyamasundaran Kottilil, Professor of Medicine and Co-director, Institute of Human Virology (IHV), University of Maryland, Baltimore, MD, USA, presented a detailed ‘Historical perspective of Hepatitis C Virus (HCV)’, with milestones such as the first description of non-A and non B hepatitis in 1975, followed by the first confirmation of transmissible agent in non-A, non-B hepatitis in 1978; the first report of treatment with interferon-α in 1986; discovery, identification and isolation of HCV and antibody in 1989 by Alter and Houghton; cloning of infectious HCV in 1997; to the awarding of Nobel prize to Harvey Alter, Michael Houghton and Charles Rice in 2020 for their work on Hepatitis C. Dr. Kottilil explained the progression of HCV in hepatocytes, its mechanism of escaping the immune system, and how it exists as quasispecies.

 “Hepatitis C is a major prevalent disease and 1% of the global population is at risk. It is the major cause for liver transplant in patients”, quoted Dr. Kottilil. He emphasized that “Hepatitis C is curable and can be treated even after reinfection by Directly Activating Antivirals (DAA) for viral clearance”. The highly interactive webinar was concluded by Dr. Piya Paul Mudgal, Associate Professor, MIV, MAHE, Manipal which was attended by 300 participants across the globe.

The New OPPO Reno6 5G Goes On Sale: India’s First Phone With MediaTek 900 Chipset

 

·   Comes with OPPO’s exclusive Reno Glow design and five-layer gradient process which gives it a shimmery look

·    The device boats of Industry-first cinematic Bokeh Flare Portrait Video, AI Highlight Video, OPPO's exclusive Reno Glow design, ColorOS 11.3, 4300mAh battery with 65W SuperVOOC 2.0

·    OPPO Reno6 5G will be available today onward, at a retail price of INR 29,990

After the successful launch of the Reno6 Pro 5G and the Reno6 5G on 14th  July, OPPO, the leading global smart device brand, announces the sale of OPPO Reno6 5G, starting today on Flipkart and mainline retailers.

In line with Reno’s legacy of industry-first customer-centric technology innovations, the OPPO Reno6 5G is an all-rounder superphone that features India’s first MediaTek Dimensity 900 chipset with 8GB RAM, 128GB ROM and support for internal RAM expansion by OPPO.

Bundled with some exciting offers the OPPO Reno6 5G will come in two dazzling colour variants Aurora and Stellar Black. The OPPO Reno6 5G will be available for INR 29,990 on Flipkart along with attractive offers, with the first sale starting today.

The Reno6 5G is a must-buy for video creators this season, packing in the industry-first Bokeh Flare Portrait Video, a cinematic Bokeh Flare Effect that captures professional-grade videos, along with superlative imaging capabilities and editing tools that makes the phone your own mini personal studio.

The new Reno flagship features OPPO’s exclusive Reno Glow design and five-layer gradient process which gives it a stunning shimmery look. The unique AG glass process makes the smartphone fingerprint-resistant while providing a matt in-hand feel. The Aurora colour of the phone boasts a diamond spectrum design that reflects different colours when viewed from different angles. The sleek and stunning performance powerhouse is just 7.59mm thin and weighs only 182g while including 65W SuperVOOC 2.0, which can charge its powerful 4300mAh battery to 100% in about 28 minutes.

The smartphone comes with OPPO’s ColorOS 11.3, equipped with productivity-improving features such as the System Booster, Freeform Screenshots along with some other key features for a seamless experience.  The phone is also equipped with a built-in app, O Relax, containing a suite of soothing sounds to calm your mind.

OFFERS

The new OPPO Reno6 5G will be available with attractive schemes and offers. Cashback up to ₹3000 on HDFC Bank, ICICI Bank, and Kotak Bank on Credit Cards/ Debit Cards EMI Transactions valid till 31st July, 2021. Customers can also avail 15% instant cashback when they make payments through Paytm. Attractive cashback up to ₹3000 is also on offer from Bajaj Finserv first time with OPPO, while a single EMI Cashback is available from IDFC First Bank. Besides, Zero Down payment and Long Tenure EMI schemes are also available from all the leading financers. Loyal OPPO users can also avail of an Exchange bonus—up to INR 3000 valid till July 31st, 2021—with the purchase of Reno6 series along with Complete Damage Protection for 180 days.

OPPO Premium services including 80% assured payback other attractive offers for loyal OPPO customers. For detailed information, visit the official website or nearest store.

Happiest Minds’ Reports US$ QoQ & YoY Revenue Growth Of 9.6 & 41.4 Percent

* Revenues at ₹ 254 Crores and Profit Before Tax at ₹ 51 Crores

Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a ‘Born Digital. Born Agile’, digital transformation and IT solutions company, today announced its consolidated results today for the first quarter ended June 30, 2021 as approved by its Board of Directors.

Joseph Anantharaju, Executive Vice Chairman, Happiest Minds Technologies said, “With our positioning in the market as a go to digital partner and the demand environment remaining buoyant, we have been able to record a good performance in this quarter. Our net headcount addition was strong as we on boarded 310 Happiest Minds, which reflects our ability to attract and retain good talent with our compelling people engagement programs”

Venkatraman N, MD & CFO, Happiest Minds Technologies talking on the financials said, “We have begun the fiscal on a solid footing with good growth and performance. Our operations and delivery remain resilient in the face of supply side pressures and the pandemic situation. Our financials this quarter has an exceptional expense on account of fair valuation of warrant liability in our balance sheet. The original liability represented the probable future payout obligation basis growth and profitability of PGS Inc. Fair valuation of the original liability basis performance of the acquired asset, and changes, either debit or credit, must be routed through the P&L. Basis increasing probability of payout on account of performance, we have fair revalued the liability leading to an exceptional expense of ₹ 6.1 Crores.

Our improving profitability means higher effective income-tax. Compared to the same quarter previous year wherein we had a significant tax credit by accounting for ‘deferred tax asset’, this quarter we have a full charge or expenses in line with our profits.

Separately, I am happy to state that we have been able to settle an earlier reported employee discrimination suit in the US leading to a credit to our P&L of ₹ 2 Crores”.

Financial highlights for the Quarter ended June 30, 2021

• Operating Revenues in US$ terms stood at $33.2 million (growth of 9.6% q-o-q ; 41.4% y-o-y)

• Total Income of ₹ 25,387 lakhs (growth of 13.5% q-o-q ; 35.8% y-o-y)

• EBITDA of ₹ 6,615 lakhs, 26.1% of Total Income (growth of 12.4 % q-o-q ; 38.3% y-o-y)

• PAT of ₹ 3,573 lakhs (decline of 0.9 % q-o-q; 28.8% y-o-y)

• Free cash flows of ₹ 6,569 lakhs for the quarter,

• EPS (diluted) for the quarter of ₹ 2.45 (decline 1.2% q-o-q; 34.1% y-o-y )

• RoCE & RoE (quarterly annualized) of 30.7% and 24.7%

Our Business:

Ram Mohan, Member of the Executive Board, Happiest Minds Technologies said, “Enterprises are rapidly scaling up their digital infrastructure through their Core Transformation, Everything-on-Cloud and Cloud Migration initiatives. Our quarterly results validate the commitment to our clients as we help them build and create seamless digital experiences across multiple channels.”

Clients:

• 180 as of June 30, 2021

• 18 additions in the quarter

Our People - Happiest Minds:

• 3,538 Happiest Minds as of June 30, 2021 (net addition for the quarter 310)

• Trailing 12 months attrition of 14.7%

• Utilization of 82.1%, from 82.6% in Q4 FY21

Key Project Wins:

• For a multinational company, Happiest Minds was chosen as a partner to accelerate their Digital roadmap

• For the software business group of a Fortune 500 company, Happiest Minds was chosen as a partner to consult on the API strategy for their on-prem and cloud products

• For a leading US electric vehicle infrastructure company, Happiest Minds was chosen as a partner once again to build a real-time scalable Edge Analytics Solution for Asset Monitoring and Monetization

• For a large US leasing company, Happiest Minds was chosen to upgrade their cloud based leasing and origination services

• For a large US based Telecom supplier, Happiest Minds has been chosen as a partner for their Cloud Security programs

• For a leading European GameTech company, Happiest Minds has been chosen to build & deliver the Automation framework and services

• For a leading Australian retailer, Happiest Minds was chosen as a partner for security incident response automation

Awards:

• Winner of “Golden Peacock Business Excellence Award” for the year 2021

• Happiest Minds is among India’s Top 25 Best Companies to Work for in 2021 by Great Place to Work® Institute

• Happiest Minds is among Asia’s Best Workplaces 2021 by Great Place to Work® Institute

• Analytics India Magazine: Top 50

• Happiest Minds is ranked among Top 50 Companies for Data Scientists to Work For -2021 by Analytics India Magazine

• Happiest Minds wins Times Ascent - World HRD Congress Global HR Excellence Awards 2021

• Happiest Minds Technologies Wins 2021 IBM Geography Excellence Award for APAC Best in Class - Build on IBM Cloud Partner

• Happiest Minds’ two case studies recognized with 2021 ISG Digital Case Study Awards™

About Happiest Minds Technologies:

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics / drones, security, virtual/augmented reality, etc. Positioned as ‘Born Digital. Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail and travel/transportation/hospitality.

A Great Place to Work-Certified™ Company, Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia and Middle East.

Tata Motors Launches All-New Ace Gold Petrol CX At Rs. 3.99 Lakh; Making It India's Most Affordable 4-Wheel Commercial Vehicle

* The Ace Gold Petrol CX will aim to reinforce its position as the most preferred mini-truck for budding entrepreneurs

Key highlights:

Available in two variants: flat bed and half deck load body, priced at Rs. 3.99 lakh* and Rs. 4.10 lakh* respectively

Powered by powerful, reliable and efficient 694cc petrol engine

Available at the lowest EMI of Rs. 7,500^

Tata Motors, India’s largest commercial vehicle manufacturer, today launched an all-new variant of its most popular small commercial vehicle (SCV), the Ace Gold Petrol CX starting from Rs. 3.99 lakh*. Available in two variants, the flat bed variant is attractively priced at Rs. 3.99 lakh* while the half deck load body variant will cost Rs. 4.10 lakh*. Its new price point, coupled with easy financing options, make it a great option for first-time commercial vehicle users, in both rural and urban areas. For further ease of buying and increased accessibility, Tata Motors has partnered with the State Bank of India to make its customers avail of a never-before offer with lowest EMI of Rs. 7,500^ and up to 90% on-road finance.

The Tata Ace Gold Petrol CX Variant is the only four-wheel SCV powered by a 2-cylinder engine and a gross vehicle weight of more than 1.5 tonne in India, to be available below the Rs. 4 lakh price point. It is powered by the same fuel-efficient and reliable Ace Gold Petrol 694cc engine, mated to a four-speed transmission; the new variant is engineered for maximum profitability. Developed on the back of enhanced customer-focused strategies and introduction of path-breaking technologies and innovations by Tata Motors, the Ace Gold Petrol CX variant will prove to be a gamechanger in the SCV segment.

Speaking about the pioneering mini truck, Mr. Vinay Pathak, Vice President, Product Line – SCV & PU, Tata Motors, said, “The launch of the new Ace Gold Petrol CX marks another milestone in the spectacular journey of the ‘Chota Haathi’. The Tata Ace continues to be a strong, reliable and multipurpose vehicle having provided means of livelihood to over 23 lakh Indians to date. Resonating the Government’s Aatmanirbhar Bharat vision, Tata Motors aims to inspire an entrepreneurial mindset through the launch of this vehicle. Tata Motors has effortlessly remained astride the commercial vehicle market by continuously upgrading its product offerings keeping pace with constantly evolving transportation needs. The Tata Motors’ Ace platform has exponentially evolved over the last 16 years, focusing on bringing safer, smarter and valuable offerings to its customers in last-mile transportation. With our latest addition, we hope to stand behind the aspirations of the Indian entrepreneurs, making the Tata Motors Ace Gold Petrol CX the most affordable 4-wheel commercial vehicle in India.”

The new Tata Ace Gold Petrol CX promises to be at the forefront of last-mile delivery because of its versatility across applications, which include market logistics, distribution of fruits, vegetables, and Agri products, beverages & bottles, FMCG and FMCD goods, e-commerce, parcel & courier, furniture, packed LPG cylinders, dairy, pharma and food products, refrigerated transport, as well as waste management applications. The Tata Ace Gold Petrol CX is poised to ensure a sustainable and profitable last-mile distribution, in the Indian trucking space and generate millions of success stories for years to come.

Like all other Tata Motors commercial vehicles, the latest Ace Gold Petrol CX will be backed by the Sampoorna Seva 2.0 initiative, offering various vehicle care and service promise programs, annual maintenance packages and resale opportunities. It additionally comes with a promise of 24x7 roadside assistance – Tata Alert, a time-bound complaint resolution promise at workshops – Tata Zippy and a 15-day accident repair guarantee – Tata Kavach to ensure quick service turnaround time.

*Prices ex-showroom, Pune. ^with SBI 90% on road LTV scheme

About Tata Motors

Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 35 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 113 billion Tata group, Tata Motors is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.

With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India’s market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With ‘Connecting Aspirations’ at the core of its brand promise, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.

GE Healthcare's India Edison Accelerator Announces Launch Of Its Third Cohort

* Comprises Six Startups Ffrom Fields of Oncology, Cardiology, Genomics & Remote Patient Monitoring, From Across India & Singapore

Recognizing the emergent need for next generation technologies and diagnostic solutions in Oncology, Cardiology, Genomics and Remote Patient Monitoring, GE Healthcare’s India Edison™ Accelerator has announced its Cohort 3 comprising of six start-up companies from these areas. Based out of India and Singapore, these companies- 4basecare, Haystack Analytics, zMed Healthcare Technologies, Tricog, AIRA Matrix and Qritive - will spend six months with healthcare industry experts from within and outside GE who will help them build and scale up their solutions for new market segments.

Mr. Girish Raghavan, VP, Engineering – GE Healthcare South Asia said “At the India Edison Accelerator we collaborate with innovators to develop technologies that facilitate access while improving operational efficiency and clinical outcomes. In the post-pandemic phase, as the healthcare industry relies increasingly on technology to bridge gaps in patient care we are excited to welcome six high-tech start-ups to our Accelerator. Over the next six months, they will work alongside GE’s healthcare engineers and scientists to make their healthcare solutions accessible to more communities around the world.”

Dr. Shravan Subramanyam, President & CEO of GE Healthcare – India & South Asia region and Managing Director – Wipro GE Healthcare said, “At GE Healthcare, we continue to strengthen our portfolio in clinical care areas like Cardiology and Oncology while expanding our expertise into Virtual Care and Remote Patient Monitoring. The Edison platform is at the core of GE Healthcare’s strategy. It has helped us accelerate innovations. The start-ups in Cohort 3 have smart artificial intelligence and machine learning solutions. When integrated with the Edison platform, these solutions can scale up to help doctors, clinicians, care professionals and ultimately patients.”

Applications from start-ups for Cohort 3 were shortlisted using evaluation criteria such as the strength of the business idea, maturity of product and team capabilities, among others. The India Edison Accelerator provides start-ups with mentorship, skill development programs, commercial and regulatory guidance as well as data provisioning.

About the six start-ups in Cohort 3:

1.      4basecare: Through unique patient-centric solutions in Genomics and Digital Health, 4basecare is building the largest resource of comprehensive, longitudinal clinic-genomics data of cancer patients from Asia. https://4basecare.com/

2.      Haystack Analytics: Enables simplifying complex genomic analysis for a better clinical decision in terms of comprehensive and accurate diagnosis. https://haystackanalytics.in/

3.      zMed Healthcare Technologies: Provides comprehensive clinical data integration and advanced clinical AI for predicting clinical events and supporting all inpatient units of the hospital from the ICU to an Emergency Unit. https://zmed.tech/

4.      Tricog: Makes virtual cardiology services available to remote clinics via AI and machine learning algorithms.  https://www.tricog.com/

5.      AIRA Matrix: Provides AI-based solutions to automate image and data analysis in drug discovery/ development and healthcare. https://www.airamatrix.com/

6.      Qritive: CE marked digital pathology platform and AI help pathology labs cater to more patients at a substantially higher quality. https://www.qritive.com/

The India Edison Accelerator’s Cohort 2 graduated in June 2021. It included six promising health-tech start-ups – Aarogya AI, Brain Sight AI, InMed Prognostics, Onward Assist, Fluid AI and Wellthy Therapeutics. These companies continue to engage with the India Edison Accelerator in the areas of market expansion and technology.

About India EdisonTM Accelerator

GE Healthcare unveiled the India EdisonTM Accelerator in August 2019 with a focus on nurturing the start-up ecosystem. Start-ups collaborate with GE Healthcare to arrive at solutions that improve patient outcomes and experience, efficiency of clinical practices and that of the healthcare facilities, reduce waste and inefficiencies, and eliminate costly and harmful errors.  

About Edison platform

The Edison platform is an advanced intelligence offering used by GE Healthcare’s internal developers and strategic partners to develop new healthcare applications, services and AI algorithms. It comprises applications, smart devices and a cloud-based platform. There are over 100 applications currently available on the Edison platform.

About GE Healthcare

GE Healthcare is the $16.7 billion healthcare business of GE (NYSE: GE). As a leading global medical technology and digital solutions innovator, GE Healthcare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications and services, supported by its Edison intelligence platform. With over 100 years of healthcare industry experience and around 50,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world. In India, GE Healthcare operates in a JV (Wipro GE Healthcare WGE)) with Wipro Limited. WGE is focused on some of the country’s toughest healthcare challenges– lowering maternal and infant deaths, enabling early detection of cancer and addressing heart diseases early. WGE pioneered innovation of healthcare imaging technologies ‘In India for India and the world’ to enhance access to quality healthcare at affordable costs to more people. 

Prime Day 2021 Marked The Most Small Medium Businesses Selling Ever On Amazon.in

* 126,003 SMBs including Local Shops participated this year in over two weeks of lead up and 48 hours of Prime Day

* Prime members from over 96% pin codes of India shopped across categories this Prime Day

* This Prime Day, more customers signed up for Prime membership, with more than 70% of new members from Tier 2-3-4 cities

* Personal Computing, Beauty, Apparel, Home & Kitchen, Smartphones and Pantry categories were among those that saw the most success in terms of units sold

* 68% of the SMB sellers receiving orders in over two weeks of lead up and 48 hours of Prime Day this period were from Tier 2-3-4 cities

* Prime members loved the incredible savings on Amazon Devices. Fire TV Stick was the highest selling product on Prime Day

* Alexa answered over 3MM requests from customers during Prime Day on the Amazon Shopping app (Android), guiding them to the products, best deals, new launches, bill payments, Prime Music and much more

* During Day 1 of Prime Day this year, 3X more Prime members used Amazon Pay products to purchase on A.in

Prime Day 2021 marked the most Small Medium Businesses (SMBs) selling on Amazon.in ever, as they saw an overwhelming response from Prime members.  With customers from over 96% pincodes of India placing orders and with the month leading up to Prime Day marking the highest viewership for Prime Video and highest number of listeners for Prime Music, Prime members enjoyed the best of what Prime Day has to offer with the unique SMB selection, new launches, great savings, and engagement with various Prime benefits.

During lead up and on Prime Day, Prime members shopped from 126,003 sellers including artisans, weavers, women entrepreneurs, start-ups and brands, local offline neighbourhood stores. This included sellers zxdfrom all over India including those from Tier 2-3-4 cities like Barnala (Punjab), Champhai (Mizoram), Virudhunagar (Tamil Nadu), Guntur (Andhra Pradesh), Valsad (Gujarat), Shajapur (Madhya Pradesh). 31,230 sellers saw their highest ever single day sales and nearly 25% more sellers’ grossed sales over INR 1 crore as compared to the last Prime Day.

Prime Day continues to be a unique opportunity for brands of all sizes to launch new products. Members loved the selection of new product launches from over 300 top Indian and global brands. Prime members loved brands like OnePlus Nord 2 5G, Samsung Galaxy (M31s) boAt Airdopes, Mi 3i 20000 mAh power bank, Pigeon mini handy and compact chopper among many others. More than 70% of new Prime members shop from outside of the top 10 cities including towns like Ananthnag (Jammu & Kashmir), Bokaro (Jharkhand), Tawang (Arunachal Pradesh), Mokokchung (Nagaland), Hoshiapur (Punjab), Nilgiris (Tamil Nadu), Gadag (Karnataka) and Kasargod (Kerala). 

“We dedicated this Prime Day to SMBs and local stores and are humbled by their participation. Prime members shopped from more than 126,000 SMBs and stores from across 6,800+ pin-codes, making it the biggest ever sales for Small Medium Businesses (SMBs) on A.in. We are also excited that the month leading up to Prime Day became Prime Video’s best ever viewership period, firmly establishing that India loves free, fast shipping, exclusive shopping and digital benefits that Prime offers,” said Akshay Sahi, Director - Prime and Fulfillment Experience, Amazon India.

“We started our business 2 years back in Amazon Karigar, prior to which we were selling only in local markets catering to limited customer base and had limited income. We are extremely delighted with our sales and saw great response for our Block Printed Kurtis selection during Prime Day 2021 and our exclusive products launched specifically for Prime Day saw great sales. Events like Prime Day are a great boost for our small scale business which directly helps revive the lives of our rural artisan community from Rajasthan,” said Salman Ali, ‘Star Fashion JPR’ from Jaipur.

"We have been operating for the last 4 years and recently came online in 2021. Our team is so excited after seeing huge growth in daily orders during our first ever Prime Day. We saw over 5X spike in order volume. We received orders across Chennai and Kanchipuram in 71 pin codes during the event. Being our First Prime Day, we are positively surprised with the love our customers have shown us. This has helped in sustaining our livelihood during these tough times," said Brijesh Mishra, Home UPS, Chennai part of Local Shops on Amazon program.

Highlights from Prime Day 2021

Shopping

Personal Computing, Beauty, Apparel, Home & Kitchen, Smartphones and Pantry categories were among those that saw the most success in terms of units sold.

Work/Study from home purchase trends continued with members purchasing laptops, Printers, Monitors, TVs, Wearables and storage. Top brands were HP, Lenovo, Dell, Asus, Apple in laptops; Samsung, Lenovo in tablets; Epson, HP, Canon, Brother in printers; LG, BenQ in monitors; boAt, Zebronics in audio; Mi, FCUK, Amazfit in Wearables; Sony, Canon in Cameras, SanDisk, Seagate, WD in data Storage and TP Link in Networking; in TVs the best-selling brands were Mi, Redmi and Sony

Large appliances found favour with members, with top selling brands being LG, Samsung in washing machines; Whirlpool, Samsung in refrigerators; Samsung in microwave in kitchen and home appliances.

Members purchased mixer grinders, choppers and water purifiers from brands like Ganesh Chopper, Pigeon, Prestige, Butterfly, Kent and Eureka Forbes. Vacuum cleaner brands like Philips and Dyson were also a hit with members.

Sanitization, Health & safety continued to be top priority for members. Top selling brands in health and personal care products were Himalaya, Dabur; Top selling brands in sanitization and safety essentials were Savlon, Dettol, Lifebuoy and Lizol.

Summer wear and home/ loungewear were among the most sought after in apparel with Jockey, GoSriki, Biba and Max as top-selling apparel brands. Beauty and self-care were also on the mind of members. Top-selling beauty brands were Nivea, Biotique, Dove, WOW, L’Oreal, Mamaearth, Himalaya, Vaseline, Parachute, Lakme and Nivea. 

Top selling brands in smartphones were OnePlus Nord 2 5G, One Plus Nord CE 5g, Redmi Note 10 series, Redmi 9, Samsung Galaxy M31s, Samsung Galaxy M21 and realme c11.

Prime members loved the incredible savings on Amazon Devices. Fire TV Stick was the highest selling product on Prime Day, and Echo Dot was amongst top 10.

Almost 3 out of 4 Echo customers got started on their smart home journey this Prime Day with Alexa smart home bundles. Alexa is making homes smarter.

One in every 10 smartwatch and one in every 6 smartphone sold this Prime Day was Alexa built-in.

Customers loved upgrading their TV viewing experience – Onida Fire TV was among the best-selling smart TVs during Prime Day.

#JustAsk Alexa

Alexa answered over 3MM requests from customers during Prime Day on the Amazon Shopping app (Android), guiding them to the products, best deals, new launches, bill payments, Prime Music and much more

Entertainment & More

Within 7-days from launch, Toofaan was watched by more customers on Prime Video India than any other Hindi Film in its opening week.

Our local language movies – Narappa (Telugu), Sarpatta Parambarai (Tamil) and Malik (Malayalam), were each watched in over 3,200 towns and cities in India and in over 150 countries and territories globally, highlighting the growing viewership and popularity of local language films not just in India but also around the world

Hostel Daze (S2) emerged as one of the most loved shows amongst Young Adults within just a week of its launch, with viewership from over 3,600 towns and cities in India and from over 100 countries and territories around the world

Amazon Prime Music India saw the highest listeners ever in the week leading up to Prime Day, with Prime members listening to music in over 50 languages (20+ Indian and 30+ International language) during this period.

Amazon Music exclusively released 3 songs from the hugely popular Mixtape Rewind series first for Prime Members during the Prime Day lead-up. All the 3 songs featuring prominent artists - Sachet and Parampara Tandon, Shilpa Rao, Yasser Desai, Darshan Raval and Prakriti Kakar debuted on the 50 Most Played Hindi charts within the first week of release.

In the lead up to Prime Day, the most streamed songs on Prime Music were ‘Thoda Thoda Pyaar’ by Stebin Ben, Nilesh Ahuja & Kumaar in Hindi, ‘Levitating’ by Dua Lipa feat. DaBaby in English, ‘Waalian’ by HARNOOR in Punjabi, ‘Vaathi Coming’ by Anirudh Ravichander & Gana Balachandar in Tamil and ‘Saranga Dariya’ by Mangli feat. Naga Chaitanya, Sai Pallavi in Telugu.

Prime members streamed podcasts in Hindi, English, Tamil, Telugu, Bengali and other languages. Top 5 podcasts streamed during lead up were Woice with Warikoo Podcast, Sadhguru, TED Talks Daily, Gita For Daily Living and Ponniyin Selvan.

Prime Reading eBook borrowing customers increased by 50% with over a 50% increase in first time borrowing. Indian authors like Amish Tripathi, Devdutt Pattanaik and Preeti Shenoy were the most read. Prime Day Kindle exclusive eBooks by best-selling authors Devdutt Pattanaik (Adi Purana: Entire Veda as a Single Story), Preeti Shenoy (Thanks For Your Time), and Ambi Parameswaran (Negotiation Magic) were amongst the top eBooks borrowed.