Neuberg Diagnostics Announces Launch Of 14 New Neuberg Advanced & Affordable Diagnostics & Health Checkup Centres

* Neuberg acquires HiTech Advanced Laboratories Chennai. Forms a new legal entity named Neuberg HiTech Laboratories Pvt Ltd to focus on affordable diagnostics segment  

*  Neuberg to invest Rs. 200 cr for Tamil Nadu expansion this financial year

Neuberg plans to expand its network to over 500 own and franchisee associate collection centres and 100 diagnostics and health check-up centres in Tamil Nadu this financial year  

* With differential focus for preventive care & affordable diagnostics and advanced diagnostics the company aims to cater to diversified customer segments in Tamil Nadu 

* Neuberg is in talks with like-minded pathologists, radiologists and cardiologists for potential partnerships and investment opportunities in the state to promote prevention and early & accurate diagnostics benefiting all sections of population in Chennai  

* People with  BPL, white ration cardholders will be given 50 percent concession at all its company owned  centres as part of its CSR initiative 

* Home visits for non-fasting samples within one hour on the same day within a 2 km radius of any Neuberg centre  

Neuberg Diagnostics, one of the top 4 Path lab chains of Indian origin, today announced the launch of 14 Neuberg Advanced & Affordable  Diagnostics & Health Checkup Centres with a pipeline of 100 such centres to come up in this financial year. This new business segment will make diagnostics affordable and accessible to one and all. Services offered will include blood tests, X-rays, ECG and Ultrasound Scans, health checkups, and home sample collection.  For this and other expansion initiatives in Tamil Nadu, the company has committed to invest Rs. 200 crores in FY2022-23.  

The diagnosis and health check-ups can be availed at the 14 diagnostics and health checkup centres, each located in Anna Nagar, Ashok Nagar, Aynavaram, Hasthinapuram, lyappanthangal, Kilpauk, Mylapore, Nanganallur, Ponnamallee, Peravallur, Ramapuram, Saligramam, Tambaram and Valasavakkam soon.  

The company has committed to offer 50% concession on tests to BPL white ration cardholders and will also facilitate home visits for non-fasting samples within one hour on the same day within 2 Km of the radius of any centre.     

These 14 advanced and affordable diagnostics and health checkup centres were launched at the hands of Hon’ble Ma. Subramanian, Minister for Health, Medical Education and Family Welfare, Government of Tamil Nadu. Also present at the launch event were Mr. P K Sekar Babu, Honorable Minister for Hindu Religious and Charitable Endowments Department, Government of Tamil Nadu, and Dr. Kalanidhi Veeraswamy, Member of Parliament, Lok Sabha.  

Subramanian, Minister for Health, Medical Education, and Family Welfare, Government of Tamil Nadu, said, “The healthcare ecosystem is integral to the well-being and growth of the society. We recognize this and have thus been focused on encouraging the entrepreneurial ecosystem which can contribute to strengthening public health management and service delivery. We commend companies like Neuberg Diagnostics with global presence and commitment to quality that are investing in the state, augmenting the health infrastructure, and raising the bar of healthcare excellence.  

Dr. GSK Velu, Chairman and Managing Director, Neuberg Diagnostics, said, “Our aim is to complement the government’s healthcare architecture, generate employment opportunities, and play a crucial role in improving the healthcare infrastructure of the region. To achieve these overreaching objectives, we are focused on strengthening as well as diversifying our diagnostics offerings. Further, we would like to ensure that our offerings are catering to the needs of various customer segments covering entire Tamil Nadu. During this year, with substantial investments in digital initiatives, we want to expand our presence to every district in Tamil Nadu. To achieve this, we are exploring potential partnerships and joint investment opportunities with like-minded pathologists, radiologists, and cardiologists with an exclusive focus on the Diagnostics and Wellness segments.”  

Neuberg will ensure a distinctive focus on advanced diagnostics at affordable costs, preventive diagnostics care, and a digital online presence to easy access & convenience. The company has already roped in MS Dhoni as its brand ambassador to create awareness for preventive care and early diagnosis to remain healthy.  

Currently, with more than 150 labs and 1000 plus collection centres, Neuberg Diagnostics is present in India, the USA, the UAE, and South Africa. By partnering and integrating with the top reputed laboratories like Bangalore based Anand Diagnostics Laboratory( Neuberg Anand ) ; Ahmedabad based Supratech Micropath ( Neuberg Supratech ) ; Pune based A.G Diagnostics( Neuberg AG) ; Chennai based Ehrlich Lab( Neuberg Ehrlich ) ; Dubai based Minerva Lab( Neuberg Minerva ) , and South Africa based Global Lab ( Neuberg Global ) & several others   Neuberg has created a strong foothold in India / Middle East & Africa and has also established its presence in the USA through a Genomics Laboratory based in North Carolina. Neuberg group employs over 5000 employees and over 800 of them are based in Tamil Nadu currently. 

Photo Caption :  Dr. Saranya Narayan, Technical Director and Chief Microbiologist, Neuberg Diagnostics; Dr GSK Velu, Chairman and Managing Director, Neuberg Diagnostics; Subramanian, Minister of Health, Medical Education and Family Welfare, Government of Tamil Nadu, P. K. Sekar Babu,Minister of Charitable Endowments, Kalanidhi Veeraswamy, member of the Lok Sabha at the launch event of 14 new Neuberg Diagnostics & health checkup centres. 

Upstox Introduces Good-Till-Triggered Feature On Its Platform

* The feature offers a combination of order placement, stop-loss, and target price across all trading segments—Intraday, Equity Delivery, F&O, Currency Derivatives & Commodities

Upstox, one of the leading investment platforms in India, has added the Good-Till-Triggered (GTT) feature on its platform. The new feature will allow users to place orders with stop-loss and target price, across all trading segments, viz. Intraday, Equity Delivery, F&O, Currency Derivatives & Commodities.

This feature is available for all traders and investors on the platform. The order will remain active for one day in the case of intraday orders, 365 days for delivery orders, and as per contract expiry in the case of futures and options. It will allow traders and investors to decide at what price they want to enter or exit the market without placing an order every day. By bucketing all orders together, this feature will make trading seamless for the users.

Talking about the launch, Mr. Shrini Viswanath, Co-Founder, Upstox, said, “This feature comes as a part of our ongoing efforts to make investing equitable and seamless for our users. With the GTT feature, we hope to provide traders with more convenience, while also encouraging them to maintain a disciplined trading mindset and be aware of their risk appetite. More importantly, traders will no longer have to worry about constantly verifying the status of a single order.

Through the many value adds that come with this feature, we hope to promote equity participation in the country while also providing a varied set of services to our users. We're constantly striving to improve the customer experience and make financial planning more accessible to everyone.”

Upstox aims to simplify its customers' investment experiences as much as possible, and this feature will allow them to minimize risks across all investment categories. GTT allows users to concentrate on the stop-loss and target price, which encourages strategic and long-term thinking. With this functionality, users will be able to trade more conveniently on Upstox platform, as all orders will be grouped together.

The feature is currently available on Android and will be rolled out on iOS soon.

RR Kabel Strengthens Its Position In Consumer Electricals Business Through The Acquisition Of Luminous Home Electricals Business

RR Kabel, one of the leading electrical manufacturing company and a part RR Global, USD 1.25billion conglomerate has today announced the acquisition of Luminous Home Electrical business from Schneider. This acquisition will further strengthen RR Kabel’s consumer electricals business which has a diversified portfolio of fans, lights & appliances. The transaction is expected to close in May’22.

Speaking on the acquisition, Mr. Shreegopal Kabra, Managing Director, RR Kabel said, “We are delighted to welcome the Luminous Home Electrical team and associates into the RR Global family and embark on a new journey together. Leveraging each other’s strengths - especially in technological expertise, skills and capabilities - we are confident the collaboration will help expand our services and create greater value for all of our customers. At RR, we have always upheld the highest quality and safety standards for our customers, and Schneider’s faith in transferring their home electricals business to us stands as a testament to that. As a major player and innovation leader in the wire and cable industry, we believe the acquisition will further our leading position in India’s fast-growing home electrical industry.”

Mr. Tribhuvan Kabra, Chairman, RR Global added "The acquisition of Luminous Home Electrical Business (part of Schneider group) an important step in our overall growth strategy. Considering that we are one of the fastest-growing companies in this sector, we have always believed in ensuring consistent innovation within our product portfolio to meet our customer expectation. Through this acquisition with Luminous HEB we hope to better deliver on our promise to our stakeholders across the country and to take our brand to the next level."

Speaking on the acquisition, Mr. Vivek Abrol, CEO – Consumer (FMEG) Business, RR Kabel said – “We are on an exciting journey of expanding a value added consumer centric business, which outpaced the industry growth in FY22 by over 3X.  Looking forward, the Luminous Home Electricals Business will be a strong addition to our new chapter of growth, by leveraging its valued capabilities including R&D strength, a state-of-art manufacturing facility, admired product portfolio and most importantly a dedicated and highly capable team and channel partner network. This acquisition is an important milestone to our ambition of creating one of the leading national portfolios in the home electricals category over the next 5-6 years.” 

About RR Kabel

RR Kabel is the flagship company of RR Global. It is amongst the leading wires and cables manufacturers in India and a pioneer in wire design, technology and applicability.  The company has over the years, focused on technology and research to continually enhance the reliability and safe conduction of electricity, resulting in a stellar track record delivering over 30% compounded annual revenue growth over the last 20 years. 

In their 20-year journey so far, RR Kabel has obtained or been awarded several product and system certifications and awards that speak to the firm’s continued focus on quality and reliability. RR Kabel has received over 27 international product certifications and is first in India to have REACH, ROHS & BASEC and relevant ISO certifications. RR Kabel today is a respected and recognized name in the Wires & Cables Industry in India and overseas with a global presence in over 85 countries.

To enable the strategic vision, RR Kabel has the support of TPG that has invested in the RR Kabel business and is helping the organic and inorganic growth strategy to achieve RR’s vision.

Falguni Nayar Wins The EY Entrepreneur Of The Year™ Award 2021

 

*         A.M. Naik from Larsen & Toubro honoured with the Lifetime Achievement Award

*         EOY Winners also announced in nine other Award Categories

*         Distinguished nine-member Jury Panel, led by K V Kamath, selects the winners

Ms. Falguni Nayar, Founder & CEO, Nykaa, was today named the EY Entrepreneur of the Year™ 2021 and will now represent India at the EY World Entrepreneur of the Year Award (WEOY) on 9 June 2022. Shri Bhupender Yadav, Honourable Minister of Labour & Employment and Environment, Forest & Climate Change graced the ceremony as the Chief Guest and addressed the audience. Dr. Bhagwat K Karad, Honourable Minister of State for Finance was the Guest of Honour.

An investment banker turned entrepreneur, Falguni Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012. Her start-up, Nykaa, is one of the profitable start-ups in the country with a strong omni-channel presence. Over the last two years, she has diversified from beauty into fashion and lifestyle and has a well-established portfolio of over 2,600+ international brands and 100+ offline stores. The company recently raised fresh capital for expansion through a blockbuster IPO. Falguni was the recipient of EY Entrepreneur of The Year Award in the Start-up category in 2019.

In his address, the Chief Guest, Shri Bhupender Yadav, Honourable Minister of Labour & Employment and Environment, Forest & Climate Change said, “India is marching towards an inclusive and sustainable economy which firmly believes in enabling and enhancing the efficiency and efficacy of our entrepreneurs. It is great to see that this year, EOY Awards has 21 Finalists with combined revenues of INR 1.87 trillion, who collectively employ more than 2,60,000 people; this is a testimony of nation’s entrepreneurial talent.”

A M Naik, Group Chairman, Larsen & Toubro, was felicitated with the Lifetime Achievement Award. Mr. Naik joined the L&T in 1965 and grew within the ranks to become the Chairman and Managing Director in 2003. He has been instrumental in transforming the engineering services company into one of India’s foremost conglomerates spanning engineering and construction, energy, finance and IT. Imbibing ‘Atmanirbhar Bharat’, he has given a strong ‘Make in India’ orientation to the company's products and has engaged L&T in sectors of national significance of defense, nuclear, energy, aerospace, infrastructure, oil & gas and power.

Awards were also announced for nine other categories with the winners representing both mature industries and young entrepreneurs from startups including unicorns. 

Green Tech: $50 billion+ Opportunity For Tech Firms: BCG Report

COP26 has been a major milestone event for governments, corporations & citizens of the world, in realizing the impact of our existence on the environment. It has mobilized the private sector globally, with 5,200+ businesses & 450+ financial institutes, accounting for 40% of financial assets, committing to science-based net-zero targets. These commitments & growing awareness on net-zero places technology firms at the cusp of a breakthrough growth, driven by companies embedding sustainability in their business models, instead of focusing on standalone use cases. This is evident given more than 60% CXOs across industries focusing on sustainability when considering a digital project.

In this regard, Boston Consulting Group (BCG) has launched a new report titled, “The Next “Digital”: Unlocking $50 Billion Green Tech Opportunity”. To understand the growing trend of global leaders investing in ESG, BCG conducted a study comprising 850+ CXOs across industries as part of the ‘BCG Global Digital Transformation Survey 2021’. In addition to the survey, BCG conducted detailed interviews with climate-focused VC funds, technology and consulting firm leaders investing in ESG, and secondary market research.

The report highlights that green-tech growth is driven by the increasing adoption of sustainable use-cases across IoT (Internet of Things), cloud computing, data platforms & analytics, digital twin, and blockchain, indicating clear positive signs of a vast opportunity of US$45-55 Billion every year, which is expected to grow at 25-30% annually over the next five years.

The report indicates a clear positive sign - green-tech investments have increased from US$5 Billion in cumulative investments in 2016 to US$10 Billion in cumulative investments in 2021. For green-tech investors, IoT, analytics and cloud computing are the favourites, with each technology accounting for more than US$3 Billion in investments respectively. While the bulk of this growth is expected in developed economies in North America and Europe, Asia is also expected to grow rapidly with various countries, including India, committing to net-zero targets.

While this growth is massive across business cases, green tech in the digital supply chain is the most critical use-case, followed by energy optimization solutions across offices & manufacturing facilities. Banks & investment firms are also leading the race with the rapid adoption of green solutions like climate risk monitoring systems and customer-facing products like green mortgages, carbon tracking credit cards, etc. On the retail front, giants are investing massively in transparency in ESG reporting, regenerative farming & e2e traceability solutions (farm to customer) for their products.

Sreyssha George, Managing Director and Partner, BCG India, said “Despite the growing interest and demand by companies, green tech in India is still at a nascent stage. Estimated to reach a US$45-55 Billion market by 2027, the industry will require greater innovation and investment to support this tremendous growth. Tech companies must focus on building a strong portfolio of sustainability products, by identifying priority use cases for its clients, to capture this opportunity and disrupt the market.”

A copy of the report can be downloaded here

https://www.bcg.com/en-in/publications/2022/green-tech

Bangalore International Airport Announces Winners Of BIAL Genie Hackathon In Collaboration With Microsoft

Bangalore International Airport Limited (BIAL) — operator of Kempegowda International Airport, Bengaluru (BLR Airport) today announced winners of the ‘BIAL Genie Hackathon’ in collaboration with Microsoft. Over 11, 500 teams comprising developers and data scientists from across India participated in this challenge to design innovative solutions using Microsoft Azure services. The hackathon sought to unearth new innovations and solutions that will improve the end-to-end passenger experience at BLR Airport.

Team Reboot Rebels emerged the grand winners of the hackathon with their innovative application ‘Fly Ezy’ winning INR 1.5 lacs as cash reward. The 4-member Reboot Rebels team suggested potential solutions to support the passenger journey from commuting to the airport, internal navigation at the airport, facilitating access to shopping offers as well as alerts for passenger flights to enhance the overall passenger experience.

Other key highlights of Team Reboot Rebels included features like Internal Navigation which can be integrated into the airport map and shows dynamic movement on the map with real-time insights for passengers using the app. The application was designed to give passengers an easy, efficient, secure, and memorable travel experience. Another useful feature was a Blockchain wallet which allows passengers to be rewarded with coins in their wallet which can later be redeemed to get discount coupons at stores in and around the airport.

Team Code Blooded were declared the runner up with their AI based solution called “AIR DASH” which included various usage of Azure services for AR based easy navigation through Azure Maps, a Personalized Marketplace developed through Azure Machine Learning Studio including smooth onboarding for ecosystem partners. They won a cash reward of INR 1 lakh.

The BIAL Genie Hackathon took place between October 2021 to February 2022 to drive technology-led innovation through the development of an app using Azure. Out of 107 shortlisted ideas, 29 prototypes were submitted with a final shortlist of 7 for the finale. The shortlisted teams were provided Azure credits, technical resources, and mentoring sessions by Microsoft subject matter experts (SMEs).

Commenting on this, George Fanthome, Chief Information Officer, BIAL, said, “I would like to thank all participants of the hackathon for the overwhelming response and congratulate the winning teams. This brought together some of the brightest minds in the tech space and has enabled them to create solutions that would have an impact in enhancing customer experience at BLR Airport, by leveraging the next generation of digital technologies. We look forward to seeing the transformative ideas develop into practical actions that will help us realise the vision of a digitalised and smart airport.”

Shivir Chordia, Azure Business Group Lead, Microsoft India, said, “As a cloud service company, Microsoft has always been supporting developers all over the world to create solutions which help businesses and organizations transform. We received some very interesting and transformative ideas for the BIAL Genie Hackathon, and I would like to congratulate the winning teams and all the hackathon participants for their efforts.”

About BIAL

Kempegowda International Airport, Bengaluru (BLR Airport), named after the founder of the City – Hiriya Kempegowda – has the unique distinction of being the first Greenfield Airport in India, established on a Public-Private Partnership (PPP) model. This heralded a revolution in Indian aviation, as more airports in the Country were privatised, thereafter. BLR Airport commenced operations on May 24, 2008 – 33 months from the start of construction. The expansion of the Terminal was completed in 2014 to cater to the steady, unprecedented growth in passenger volumes. Having served 10 million passengers in 2008, BLR Airport witnessed phenomenal growth during the subsequent years, becoming the fastest growing airport in the world in 2018. As the busiest Airport in South India and the third largest in the Country, BLR Airport welcomed 33.3 million passengers in FY 2018-19.

PNB Commemorates 128th foundation Day: Launches ”Cardless Cash Withdrawal, Virtual Debit Card”

*NUnder the new leadership of Shri Atul Kumar Goel, PNB revamps its digital banking services by launching a plethora of innovative offerings~ 

To honor its illustrious legacy of 127 years of service to the nation, Punjab National Bank (PNB) announced the launch of Cardless Cash Withdrawal and Virtual Debit Card, along with a range of other select digital services on its mobile app named PNB One, for safe banking transactions.  

The new services were launched by Shri Atul Kumar Goel, MD & CEO of PNB, at the Bank's head office in New Delhi, in the presence of Executive Directors - Shri Vijay Dube, Shri Swarup Kumar Saha and  Shri Kalyan Kumar, along with Vijay Kumar Tyagi - Chief Vigilance Officer of the Bank,  CGMs, senior officials and other bank staff. 

Thanking customers, employees and other stakeholders for their continued support during the challenging times, Shri Atul Kumar Goel further added, "With the financial sector on a strong route to recovery, PNB is witnessing robust growth. With that, PNB redefines its commitment to digital transformation by introducing a plethora of innovative offerings. We vow to remain committed to showcasing enhanced performance by integrating our new motto, 'One Team, One Dream'. Our renewed emphasis on employees as an asset, customer-centricity and strong focus on lending activities will play a vital role in our sustainable growth" 

During the celebrations, PNB launched various digital initiatives such as Insta Personal Loan to Pensioners, Application Supported by Blocked Amount (ASBA) facility on PNB One App, PNB 360 Information Portal for employees, Trade Finance Redefined Portal and Collection of loan EMI through Bharat Bill Pay. 

The Bank also felicitated its valued customers Shri Mahesh Gupta, MD of Kent RO Systems, Shri Shivraj Kundu - M.D. of K.C.C. Buildcon, Madhu Sudhan Bhageria - Chairman & MD of Filatex India, along with top performers of PNB Parivar. 

CSR initiative – Vidyanjali: 

Under its CSR program that focuses on strengthening the quality of education in government schools, PNB distributed basic school essentials to Govt. Sarvodaya Kanya Vidyalaya in Matiala (Delhi) and Govt. Co-ed SS school in  Dwarka (Delhi). This initiative was in line with the Government of India's nationwide campaign Vidyanjali initiative under Azadi Ka Amrit Mahotsav, which aims to strengthen schools through community, CSR, and private sector involvement. 

Shri Vijay Dube, Executive Director, extended the welcome speech, while the vote of thanks was given by Shri Kalyan Kumar, Executive Director. 

PNB expands its digital product offerings 

Insta Personal Loan to Pensioners: Customers who depend on their pensions can now avail PNB's 24x7 Insta Personal Loan digital service to get hassle-free loans up to Rs 8 lakh anytime, anywhere, thus saving time and travel to the branch. 

Collection of loan EMI through Bharat Bill Pay System (BBPS): Customers can now directly repay their PNB Bank loan EMIs from any bank's account through Internet Banking/ Mobile Banking having BBPS functionality. Customers are also being provided with an option on Bank's Corporate Website to repay EMIs of loan accounts maintained with PNB through internet banking, Debit Card and UPI of any bank. 

Trade Finance Redefined Portal: An advanced platform that will facilitate customers to initiate trade transactions online. The platform offers a user-friendly interface for a quick submission of transactions, a calendar with highlighted due dates, real-time on-screen display of the dashboard as some of the many features. 

PNB 360: This portal shall be a one-stop information repository for the day-to-day operational requirements of branches and administrative offices. It will offer a 360-degree user-friendly view of the business figures and compliance status on various parameters at the click of a button. 

Application Supported by Blocked Amount (ASBA) facility on PNB One app: PNB will now offer the Application Supported by Blocked Amount facility on its mobile banking platform, PNB One, with the aim to offer a paperless, time-efficient, and customer-friendly approach for 24x7 IPO applicants. This feature is the first of its kind to be introduced by PNB