Salarpuria Sattva Announces Affordable Housing Project Ashraya In Bidadi Near Bengaluru

Salarpuria Sattva Group, India’s leading Property Development, Management and Consulting organization, has launched their affordable housing project- Sattva Ashraya at Bidadi. Sprawling across lush green open spaces, the property is situated on the Bengaluru-Mysuru 10-lane Expressway stretching over 4.2 acres of land and is just 15 minutes away from the Rajarajeshwari Arch.  Sattva Ashraya comprises of 4 well-planned towers with 660 elegantly designed, spacious homes. The fusion of modern living with nature is the highlight of the project, where one can choose from 1, 2, and 3 BHK apartments. With the upcoming smart city, manufacturing hubs and industries, Bidadi has become one of the most promising and sought after locations today.

Commenting on the announcement, Mr. Bijay Agarwal, MD, Salarpuria Sattva, said “Continuing our legacy of providing quality homes to our customers, at affordable prices, with Sattva Ashraya, we have re-imagined the concept of smart living in the city, with the core thought of peace and serenity. Bidadi is one of the most upcoming real estate markets in the state. Consumers today are looking for homes where they can be one with nature and still stay connected. We have designed this project addressing that problem at the forefront. We hope, with Sattva Ashraya, we fulfil the need of a smart family home at an affordable price”.

Sattva Ashraya has excellent connectivity and the property is in close proximity to hospitals, schools, colleges, and the upcoming IT and technological hub. The project is based on the premise of ‘Smart City, Smart Home’ and caters to the aspiring home owners who seek a smarter and better life for themselves. At Ashraya, there is a wide range of amenities including a 10,000 sq. ft. Clubhouse, multi-purpose court, children’s play area, skating rink and a badminton court, amongst others to spectacularly meet all recreational needs of smart homeowners. These Hallmark homes start at just Rs. 18.75 Lakhs, making it accessible for all income strata.

About Salarpuria Sattva Group

With 3 decades of expertise, the Sattva Group has grown into one of the most trusted builders in the country today. Headquartered in Bengaluru, India, it is also a well-known name in Hyderabad, Kolkata, Pune, Coimbatore and Goa. The Group will soon be expanding its presence in Mumbai. With 56 million sq.ft spaces completed, 34 million sq.ft under construction and 32 million sq.ft in the planning stage, the Group is one of the most premium builders in India today. The Group’s cutting-edge marquee projects in Hyderabad include: Knowledge City, Knowledge Capital, Knowledge Park and Image Towers (Innovation in Animation, Multimedia, Gaming, and Entertainment), a PPP based model with the Telangana State Government. The Group has built world class residential projects in Bengaluru like Greenage which offers more than 100 amenities, Exotic, Luxuria, Magnificia and Anugraha, and in commercial spaces GR Tech Park, Arena, Infinity and Softzone to name a few.  By further expanding into various verticals such as co-working, co-living, education, hotels, facilities management and warehousing, the Group today stands tall as a frontrunner, shaping India’s growth story. The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country, renowned for its “A Stable” CRISIL rating for over a decade. 

InterMiles Set To Give Away 300 Mn Miles In India’s Biggest Ever Rewards Festival

* InterMiles 300 Million Miles Festival to run from 1st October to 31st December 2021~

* Members to get assured 15,000 Miles when transacting for INR 10,000 via the InterMiles Super App or website across five unique product categories and 200+ partners~

* Added benefit of free, confirmed Silver tier upgrade and 15% discount on spends~

India’s biggest miles festival ‘InterMiles 300 Million Miles Festival’ has gone live starting today. Hosted by InterMiles, India’s leading loyalty and rewards programme, the 300mn Miles festival will run for a total of three months including peak festive periods of Diwali, Xmas & New Years and will give members magnified earnings & savings opportunities like never before.

As part of this exclusive festive campaign, 5 unique transactions of minimum INR 2,000 each can earn InterMiles members assured 15000 Miles. Members can engage with 200+ partners via the InterMiles Super App or the website across programme categories of flights, hotels, shop, dine and vouchers. In addition to this, members will also secure an assured 15% discount on spends and a free upgrade to Silver Tier which will give them a complimentary Zomato Pro or Amazon Prime membership plus free gift vouchers of up to INR 500.

InterMiles has been constantly innovating its consumer strategy and has adopted a loyalty enabled commerce approach to complement emerging consumer behaviors as well as the current e-commerce ecosystem. Today, InterMiles houses not only the loyalty and rewards programme but also InterMiles, a new age ubiquitous digital currency which can be earned and redeemed across a range of experiences, products and services beyond just travel.

Speaking on the 300mn Miles Festival, Ashish Dhruva, SVP - Marketing and Customer Engagement, InterMiles said, “With the festive season around the corner and vaccination drives picking up pace across the country, consumer confidence is higher and discretionary spending is on the rise. Through our 300mn Miles Festival, we want to reward members for these spends by ensuring that they not only spend smarter and save money but also end up creating a valuable Miles fund for their future spends. We have always prided ourselves for being a customer-first programme and this current initiative has been crafted keeping our members in mind.”

‘InterMiles 300mn Miles Festival’ which is the biggest & first of its kind Miles festive sale to take place in India, celebrates and rewards members for their loyalty. The magnified, multifold Miles earning potential on offer will empower members with sufficient Miles to secure three domestic flight tickets for their future travel. In addition to flights, Miles earned by members can also be easily redeemed for a variety of experiences and services such as hotel stays, dinning bills, vouchers, raffles and more.

“Our focus over the last few years has been on consolidating the InterMiles programme to offer our members a broader, more diverse category & partner portfolio to engage with. We have made Miles earnings attainable by broad basing opportunities to even include daily lifestyle utilities and have balanced this by introducing multiple, quick micro & macro redemption options for our members to make the most of their Miles,” adds on Ashish Dhruva.

‘InterMiles 300 Million Miles Festival’ will be amplified across YouTube, Facebook and Instagram and will focus on educating existing and new members of the various ways in which they can engage with the programme and secure the most value for their spends by shopping smarter with InterMiles.

InterMiles presently offers its growing member base of 10 million, the opportunity to earn and redeem InterMiles – a new-age digital currency, across travel, hospitality and lifestyle services spanning 10+ categories and 200+ programme partners.

RAINING DISCOUNTS & MILES!

* Flat 500 Miles on First Transaction

* Flat 1000 Miles on Second Transaction

* Flat 2000 Miles on Third Transaction

* Flat 4000 Miles on Fourth Transaction

* Flat 7500 Miles on Fifth Transaction

* Additional 15% Discount offered across Flight, Hotels and Dining

L&T Technology Services Expands Intel AI Builders Program Offerings With Its Radiology Solution Chest rAI

* LTTS’ AI-Based Chest X-Ray Analysis System Chest rAI™ Will Utilize Intel’s Deep Tech Expertise To Improve Performance/Efficiency And Enhance Patient Care

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure-play engineering services company, today announced its award-winning healthcare solution Chest rAI™ in collaboration with global technology leader Intel Corporation.

Chest rAI™, LTTS’ AI-based chest X-Ray analysis system to assist radiologists in improving speed and accuracy of diagnosis, will be fueled by the Intel OpenVINO Toolkit and AI Analytics Toolkit to run optimized AI inferencing models on 3rd Gen Intel Xeon Scalable processors with built in AI accelerators.

LTTS’ AI-infused solution enables radiologists by fast triaging abnormalities in X-Ray, annotating and automatic report generation with significantly improved performance. The benefits of Chest rAI™ include increased throughput with the ability to extract more actionable information and to reduce waiting time for radiologists. 

LTTS recently entered into a strategic engagement with one of the largest teleradiology platform in India - 5C Network Private Limited, wherein 5C Network will leverage Chest rAI™ to empower radiologists with accurate patient insights while saving time.

Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services said, “The potential of digital engineering in transforming complex age-old problem statements of the healthcare industry into simpler and more sophisticated mechanisms is now available to all, while maintaining patient data privacy by taking advantage of Intel hardware-enhanced security technologies.

With more investments and by leveraging our engineering expertise in the medical image processing segment, our commitment is to enable a complete transformation of the Indian public health diagnostics services landscape. This collaboration will benefit millions of people not just in the urban but also in the rural areas.”

Sudhir Bahl, Board Member and Chief Strategy Officer, 5C Network said, “Our endeavor is to serve as a reliable diagnostic partner with technology enabled decision-making for the healthcare service providers in India. As the next phase of growth, we aim to empower our radiologists with the best of futuristic technologies so that it not only enhances our quality but also empowers them with technology-based support to achieve clinical excellence with reduced turnaround time. With LTTS’ Chest rAITM on Intel’s AI stack, we aim to reach elevated industry benchmarks.”

Intel’s AI Builders Program is an ecosystem of industry leading independent software vendors (ISVs), system integrators (SIs), original equipment manufacturers (OEMs), and enterprise end users who want to accelerate the adoption of AI across Intel platforms.

Wei Li, VP and GM of Machine Learning Performance at Intel Corporation said, “Wherever customers need AI, Intel is already there with 3rd Gen Intel Xeon Scalable processors and an optimized software stack for the complete AI pipeline. With investments in tools, technologies, and a worldwide ecosystem of optimized solution, we’re making AI more accessible than ever. Through the Intel AI Builders Program, we collaborate with companies across the globe to help bring cutting-edge AI solutions and capabilities to market.”

LTTS’ capabilities on digital technology led new-age innovations for radiologists is industry-leading. Earlier this year, Chest rAITM was honored by the US-based BIG Innovation Award as an acknowledgement of the path-breaking technology capability possessed by the solution.

To know more about LTTS’ Chest rAI™ solution click here:

https://www.ltts.com/solutions/healthcare/AI-radiography/chest-rAI

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 57 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 16,900 employees spread across 17 global design centers, 28 global sales offices and 69 innovation labs as of June 30, 2021.

Seagram’s Imperial Blue Beats The Heart Of Northeast, Partners Northeast United FC (NEUFC)

Seagram’s Imperial Blue, one of the most iconic brands in the industry, proudly announces its association with Northeast United football club (NEUFC). The strategic partnership was formalized just ahead of the most anticipated football event of the country, The Indian Super League (ISL).

Seagram’s Imperial Blue has always believed in associating with the passion points of the youth across the country. Thus, this partnership presents an opportunity for the both the brands to strengthen its youth connect through this exclusive partnership. The club, owned by John Abraham, is based out of Guwahati, Assam and will be competing in the upcoming Indian Super League to be held in Goa.

Commenting on the same, Kartik Mohindra, Chief Marketing Officer, Pernod Ricard India said, “Imperial Blue believes in celebrating the passion points that resonate deeply with our consumers. This partnership unites the region as they follow the progress & the success of their most loved team, Northeast United FC.  Just like NEUFC, Imperial Blue is a strong partner of the consumers in their moments of conviviality as they celebrate their love for football. The superstars of the team represents a fusion of skill, passion, drive and local pride. We look forward to a great season of football and we wish all the luck to the team for the upcoming season”.

Commenting on the association Ms. Priya Runchal, CEO of NorthEast United Football Club said” This association marks the coming together of two iconic brands who have the Northeast consumer at their heart. Seagram’s Imperial Blue is always known to create a deep rooted bond with the consumers by offering experiences ahead of the category. We are proud to have the brand on board and see this as a symbiotic relationship. One where Imperial Blue will get to further strengthen its brand love with the consumers and NEUFC gets to be a part of the various moments of conviviality that Imperial Blue celebrates with its consumers . Cheers to that.”

ABOUT PERNOD RICARD INDIA

Pernod Ricard India (P) Ltd. is a fully owned subsidiary of Pernod Ricard SA and is a fast-growing multinational alcohol beverage company delivering quality products to its consumers across the country. With leading brands in each category, Pernod Ricard holds one of the most dynamic and premium portfolios in the industry led by Seagram’s whiskies such as Royal Stag, Royal Stag Barrel Select, Blenders Pride, Blenders Pride Reserve Collection, Imperial Blue, 100 Pipers and a wide range of International premium brands that include Chivas Regal, Ballantine’s, The Glenlivet, Royal Salute and Jameson Irish whiskey. Some of the eminent brands in white spirits category include ABSOLUT vodka, Jacob’s Creek and Campo Viejo wines, Martell cognac, Beefeater and Monkey 47 gin, Kahlúa and Malibu liqueurs, Mumm and Perrier-Jouët champagne. Pernod Ricard India is recognized as an industry leader with various recognitions and achievements that help the company deliver quality products to the consumers. Seagram’s whiskies are exported to 26 countries across the world. Pernod Ricard India is a socially responsible organization with a strong belief to strengthen corporate citizen by addressing social, economic and environment sustainability in all key states.

Toyota Kirloskar Motor Clocks Domestic Wholesales Of 9284 Units In September 2021

Toyota Kirloskar Motor today announced that the company sold a total of 9284 units in the month of September 2021, thereby registering a growth of 14% when compared to the domestic sales in the month of September 2020. The cumulative wholesales of TKM for the period January to September 2021 stands at 94,493 units when compared to 47,743 units sold in the corresponding period last year, thereby registering a growth of 98%.

Commenting on the sales, Mr. V. Wiseline Sigamani, Associate General Manager(AGM), Sales and Strategic Marketing, TKM said, “Demand in the personal mobility segment continues as we step into the festive months. Customer orders have been on a constant rise and we are witnessing a steady growth, ever since the second wave. The Crysta and the Fortuner continue to dominate their respective segments, both garnering huge customer interests and orders. All other segments have also attracted good traction from customers and we are very excited to cater to all such personal mobility needs of our customer, this upcoming festive season”.

Persistent Systems Ltd: Acquisitions To Strengthen Payment/BFSI And Cloud Capabilities

 ■    Persistent Systems has entered into an agreement to acquire Software Corporation International (SCI) and its affiliate Fusion360 LLC for a cash consideration of USD53mn (~3.1x EV/S on CY20 basis). It has also signed an agreement to buy certain assets from Shree Partners LLC USA and business from its Indian subsidiary Shree Infosoft Pvt. Ltd. for a cash consideration of USD6.87mn (~0.9x EV/S on FY21 basis).

■    Deal rationale: SCI brings domain consulting capabilities and specializes in payments solutions, integration and support services for leading US banks. SCI enhances PSYS's capabilities and serves as the foundation of a dedicated payments business unit. SCI expands PSYS's BFSI client footprint with ~10 marquee customers from top banks in North America and over 90 employees in the region. PSYS has announced a dedicated payment business unit, which will be headed by D. Keith Sides, President and CEO of SCI. The Shree acquisition expands PSYS's BFSI capabilities in the cloud, data and infrastructure domains. It also enables PSYS to deliver critical services to a strategic client, which is a leader in the global claims management industry. Shree adds over 200 employees, largely in NCR, India, and clients across US and Europe in BFSI and Travel & Hospitality. Additionally, SCI expands PSYS's presence in Charlotte, a key hub for the US BFSI industry. Shree Infosoft adds a new delivery location in NCR.

■    Deal structure, consideration and timeline: Persistent Systems Inc., a wholly-owned subsidiary of PSYS, has entered into a stock purchase agreement to acquire US-based SCI and its affiliate Fusion360 LLC. The total consideration payable for the acquisition of SCI and Fusion360 is USD53mn. The total consideration includes: 1) an upfront payment of USD34.45mn, 2) earnout of maximum USD5.96mn per annum in next two years subject to achievement of certain performance thresholds, and 3) a retention payment of USD2.21mn per annum to key employees and consultants at the year-end for the next three years. PSYS has signed an agreement with Shree Infosoft to buy its business and inked a pact with its parent entity, Shree Partners LLC USA, to purchase certain assets for an aggregate cash consideration of USD6.87mn. The total deal amount includes: 1) an upfront payment of USD2.37mn in USA and USD1mn in India, 2) earnout of maximum USD1.5mn per annum in next two years subject to achievement of certain performance thresholds, and 3) a retention payment of total USD0.5mn to key employees in the next three years. The SCI deal is expected to be completed within two weeks. The acquisition of certain assets and business of Shree is likely to be completed within 3?5 weeks.

■    Financial implications: The combined revenue run rate of the two target entities was ~USD25mn in the last fiscal year. Combined revenue grew at a ~13% CAGR in last two years. Management said that the deals are likely to be gross margin accretive. However, retention payment and intangible amortization expenses would impact EBITM by 50-75bps in FY22. PSYS expects revenue synergies would gradually reduce margin dilution, and the absence of retention payment after the third year should further improve margins.

■    Our view: The deals should strengthen PSYS's BFSI/Payment and cloud capabilities. The payments IT services market is expected to grow by 12.5% in CY21 to reach USD16.8bn. The acquisition of SCI and Fusion360 will help PSYS take advantage of the acceleration in demand for payments modernization. Cross-selling opportunities among the existing clients and access to marquee logos augur well for revenue growth in the medium term. Given the size of the deals (~4% revenue accretion/low-single digit EPS dilution due to amortization charges and lower other income in Year-1), we do not expect any meaningful revision to our earnings estimates. We have a Buy rating on the stock with a TP of Rs3,700 at 33x Sep'23E EPS.

BlueStacks Launches BlueStacks X, The World’s First Cloud Gaming Service For Mobile Games

* BlueStacks X is free, live in 14 countries with 200+ games, available via the browser, native client/apps and Discord bots

BlueStacks Inc., a pioneer of Android gaming on PC and the world's leading mobile gaming platform, today announced the release of BlueStacks X (beta), the world’s first cloud-based game streaming service for mobile games. BlueStacks X is available on Windows 10 and 11, Mac, iOS, Android, Chromebook and Raspberry Pi. It is the only cloud gaming service on the market that offers free game streaming for mobile games across platforms and devices.

BlueStacks X (beta) is powered by hybrid cloud technology, built in partnership with now.gg,  BlueStacks’ sister company. Hybrid cloud enables the cloud to offload parts of compute and graphics rendering to the endpoints, dramatically reducing the cloud costs and enabling users to enjoy a free service. This can be achieved both with using a native client and browsers capable of native graphics rendering. This technology works transparently and does not require any integration from game developers.

“BlueStacks App Player recently crossed 1 Billion lifetime downloads. BlueStacks X is a natural next step for us. Hybrid cloud is a big technological breakthrough which makes it economically viable to launch the service,” said Rosen Sharma, CEO, BlueStacks Inc. “We are a trusted partner to top mobile game developers. There is a lot of excitement among them about BlueStacks X and some of the other innovations we have like deep Discord integration.”

“These days all gamers practically live on Discord. Launching BlueStacks X as a Discord bot is so innovative and smart. We can literally just click a link and jump into a game. I can customize the service for my server, way cool,” said Aevatrex (Jonathan Fermin), leading mobile gaming influencer.

BlueStacks X can be accessed via the mobile browser on iOS, Android, Windows 11, Mac, Chromebooks and even some smart TVs. The BlueStacks X native client is available on Windows 11, Windows 10 and older versions of Windows. BlueStacks X can also be used by BlueStacks App Player users.

BlueStacks X (beta) already has over 200 games, and several new games are being added every week. The service has a great collection of RPG and Strategy games with other genres being added over time.

About BlueStacks

BlueStacks is an award winning mobile gaming platform adopted by over 1 Billion gamers in 100 countries and six continents around the world. In 2020 over 6 Billion gaming sessions of 70,000 different games were played on BlueStacks. In 2021 BlueStacks launched BlueStacks X (beta) the world’s first game streaming service for mobile games. BlueStacks has a global team of over 400 and is one of the most recognized tech brands in the industry. The world's top game developers leverage its platform to promote their games.