LTI Expands Its Global Partnership With Google Cloud Business

* Company to launch dedicated Google Cloud Business Unit for accelerated migration to Google Cloud

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company is expanding its global partnership with Google Cloud. LTI is setting up a dedicated Business Unit for Google Cloud’s six key solution pillars: Application Modernization, Data Management, Infrastructure Modernization, Smart Analytics, Artificial Intelligence, and Security.

LTI’s Google Cloud Business Unit will develop state-of-the-art IP, industry specific solutions, and accelerators with a dedicated team of Google Cloud architects addressing transformation needs for clients across the world. LTI will also list its solutions on Google Cloud Marketplace.

To further cement its strong capabilities on Google Cloud, LTI has launched Canvas Eureka to enable an accelerated data modernization journey to Google BigQuery and to aid AI/ML innovation for enterprises. LTI Canvas Eureka is an automation framework for seamless and faster migration from legacy data warehouses and data lake solutions to Google BigQuery. It helps in assessing the current landscape and defining target state architecture. It also enables the automation of tasks such as schema migration, code conversion and data validation.

Sudhir Chaturvedi, President & Executive Board Member, LTI, said “Enterprises are seeking faster and innovative ways to cloud-based transformation. This expansion demonstrates our commitment to deliver outcomes to them at speed and at scale. We see tremendous potential in our partnership with Google Cloud, and will invest to build these capabilities further.”

Siddharth Bohra, Chief Business Officer & Head of Cloud Business Unit, LTI, said, “Google Cloud is rapidly gaining momentum, and this announcement validates LTI’s commitment in delivering innovative solutions powered by our proprietary framework. Our Google Cloud Business unit will help our clients leverage proven best practices with speed and confidence.”

Kevin Ichhpurani, Corporate Vice President, Global Ecosystem, Google Cloud, said, “LTI’s expertise in Google Cloud technologies and solutions continues to enable organizations with the support they need to successfully execute on their digital transformation strategies. We’re thrilled that LTI continues to invest in and grow its Google Cloud practice. The launch of the Google Cloud Business Unit at LTI will deliver innovative solutions and services to global customers to accelerate their cloud transformation journeys.”

With its investment in cloud technologies, LTI has attained expertise across several Google Cloud products and workloads such as Google Cloud Compute, Google Cloud Databases, Open Source Technology, Cloud Native Application Development, and SAP on Google Cloud. LTI is a Partner of Google Cloud, validating its expertise and capabilities in delivering innovative solutions. More information on LTI’s Google Cloud offerings is available here.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 485 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 45,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees, and shareholders. Find more at http://www.Lntinfotech.com or follow us at @LTI_Global.

Within 4 Days of Going Live On Tyke, Alpino Foods Gets Oversubscribed By 200%

* Acclaimed as a startup with phenomenal potential on Shark Tank India, Alpino Foods has been oversubscribed by 200% on Tyke, after going live on 10th May

* On the very first day of going live on Tyke, Alpino Foods registered a funding over 100%, manifesting a wave of popularity amongst retail investors

* The company anticipates a burgeoning increase in the buzz in the coming days

Hailed for their phenomenal potential on India’s popular business reality show, Shark Tank India, Alpino Foods has set the cash counters ringing on Tyke. The company went live on the Tyke’s resourceful portal for investment on May 10th, 2022 and received a rapturous response, being oversubscribed by nearly 200% by May 13th, 2022. The company representing the health food category has created a rush on Tyke as retail investors hustled to the private investment platform to get a piece of the pie; this was manifested by its debut day allure when it received nearly 100% funding. The company envisages an enormous amount of investor love on Tyke till the campaign lasts.

Tyke’s vision is to become a private investment gateway for startups, angel networks and other institutions. The company orchestrates raising capital as a very friction-free and straightforward exercise by eliminating all the deterrents prevalent in raising capital. Currently, the firm is concentrating on automating private capital investments. Its platform enables entrepreneurs to start a round, define terms, and invite investors to participate. It then uses its own software to handle the necessary paperwork, KYC and signatures, as well as power the fund transfer in perfect sync.

Articulating about the sweeping response from the investors on the platform, Karan Mehra, CEO of Tyke, said, “Stitching communities that back your startup is of paramount importance for reaching the next level and ultimately getting to the echelon of the business world. At Tyke, we always aimed at building an overarching platform for private investment, and currently it has come to fruition. We are extremely excited that pioneering companies such as Alpino Foods are raising funds on our platform and fabricating a community for further corporate endeavours and growth.”

This is not the first time that a Shark Tank renowned brand has been listed on Tyke. TagZ Foods, a snack brand, accredited by the "sharks" on Shark Tank’s esteemed stage, went live on Tyke’s enterprising platform in February and got oversubscribed by an awe-inspiring figure of 752%. Tagz turned profitable this Financial Year, after building a strong community on Tyke. While this is a great news for the Brand, the investors who invested in Tagz on Tyke have also seen their wealth multiply, in a short period of time.

Speaking about the overpowering shower of love from the investors on Tyke, Chetan Kanani Co-founder & CEO at Alpino said, “we are having multiple Investment offers on hand and we are going to close our seed round very soon but before that we wanted to give a chance to our customer to be a part of us in our Journey has they have been the contributor of our success.”

Beholden by the love of the investors, Anish Basu Roy, CEO and Co-Founder of TagZ Foods, said, “While we are still such a small outfit, TagZ Foods, while we are flawed and make mistakes everyday, while we are learning every day about our consumers' needs, to receive so much consumer love is overwhelming! We got oversubscribed on Tyke by a staggering number of 752%! Thousands of consumers have given us a vote of confidence by investing in TagZ Foods. That is precisely the kind of motivation we need to keep building, keep hustling, keep innovating! With thousands of these consumers as our partners, as our evangelists, we are now unstoppable!”

About Tyke-

Tyke is a private investment gateway that enables private capital transactions to happen online in a seamless manner. Tyke’s mission is to make private investment quick and accessible through its digital platform. Tyke eliminates all friction points in the capital raising process, making it friction-free and simple. The company focuses on automating private equity capital investment transactions. Its program allows creators to put up a round, define parameters, and invite investors to join. It then handles the necessary documentation and signatures before powering the money transfer instantaneously using its unique software. The company leverages the virtues of Fintech to provide angel networks, as well as founders and venture capitalists who’re looking to digitize their transactions and deal management. The exclusively digital gateway for private investment also democratizes the whole process by enabling users to start investing with as little as INR 5000.

About Alpino-

Alpino is a vision of 6 classmate friends started in 2016, who wants to do something really big and revolutionise the healthy foods segment of India with the help of peanuts.

Alpino is a pioneer brand in the peanut butter category and is expanding its portfolio to provide a wider range of Products made around the Peanuts. The Idea is Data driven and backed by solid market research. Protein deficiency in India is more than 80% and peanut is the best source of vegan protein and at the same time most affordable. People are also adopting to active & healthy lifestyle now.

Today, even after being a bootstrapped company, Alpino have achieved TTM of 23 Cr and with EBITA of around 1cr. Alpino have achieved various Milestone in their way till now like presence in over 3000 nutrition store across the nation, present in all major E-com platforms like Amozon, flipkart, groffers, swiggy, instamart, etc.

Meet The First Class of LinkedIn’s Creator Accelerator Program In India

In February, LinkedIn launched the Creator Accelerator Program in India as part of its $25 million investment in creators globally. Today, the world’s largest professional network has introduced the first India class of this 10-week incubator program — 200 creators from diverse professional and demographic backgrounds with a unique story to tell and a mutual passion to build meaningful communities. These creators endorse a wide range of professional topics across the world of work such as ethical Artificial Intelligence, entrepreneurship, semiconductors, financial literacy, health & wellbeing and more.

Creators are the lifeblood of LinkedIn — the content and conversations they create go a long way in creating opportunities for others across the LinkedIn community. The program includes creators like Language Quality Manager Raju Gupta (???? ??????) who wants to create Hindi content to help people get the right skills to land the right opportunities, or Kalki Subramaniam, a prominent transgender rights activist who wants to create short videos featuring transgender persons who broke gender stereotypes and built successful careers. Rida Malik Mubeen wants to have conversations with women in STEM and build inclusivity in Science & Technology fields; while Uttam Gupta wants to make education fun and engaging and teach people how to build a $20 million business in the leanest way, and shortest time, possible.

Today, India is the fastest growing market on LinkedIn, with 88 million Indian members on the platform. Interestingly, LinkedIn is looking to achieve even greater levels of member engagement as the Indian creator community continues to grow stronger on the platform. The 10-week Creator Accelerator Program will offer coaching, networking opportunities, and a financial grant to help the 200 creator participants amplify their voice, grow their communities, share content, and spark meaningful conversations.

As part of the program, the 200 participants will also receive guidance from four LinkedIn creators serving as program mentors: Nearbuy.com Founder Ankur Warikoo, Nas Academy CEO Nuseir Yassin, Le15 Patisserie Founder and CEO Pooja Dhingra and MD & CEO of Edelweiss AMC Radhika Gupta. LinkedIn is also partnering with some best-in-class content creation tools including Canva, descript, Restream and Streamyard to support the participants in their creation, and providing each person with production tools including Pivo starter packs.

The final 200 participants in India represent diverse voices who are dedicated to building communities, expanding their networks, and sparking meaningful, informative conversations.

Nearly half of participants are women who will draw on their personal experiences to create content that demonstrates the power of inclusion and representation across industries. A sizable portion of participants also hail from non-metro cities and are keen to make their voices heard and bring different local flavors to content creation. More than 1 in 3 (34%) participants selected English and Hindi as preferred creation languages, and a similar share (33%) expressed an intent to create more content in Hindi. And lastly, niche creators, podcast hosts, entrepreneurs, and students are some of the top creator categories among participants.

Anyone who has a story to tell and is driving professional conversations can be a creator on LinkedIn. For all those that were not selected, LinkedIn will still be supporting their creator journey via regular email updates that relay best practices and content ideas for the platform.

LinkedIn hopes to launch other cohorts in the future. But it’s also important for them to support all creators. Sign up here to receive regular updates from LinkedIn on trending topics, new features and the latest tips for creation. Those interested can also find more resources here, and follow the Creator Weekly newsletter and LinkedIn For Creators page to learn more about future opportunities, new tools and great ways to create content on LinkedIn.

Hyundai Motor India Partners With Tata Power To Power-Up EV-Charging Infrastructure In India

* HMIL plans to facilitate installation of Tata Power's DC 60 kW fast chargers across 34 of its EV Dealer locations in 29 cities, in addition to the existing AC 7.2 kW chargers

* Intended to enhance customer convenience by developing wide network of fast charging stations

* Special tariff to be offered to Hyundai Customers at Hyundai Dealership charging stations

* Tata Power to also supply end-to-end home charging solution, from charger supply to installation for Hyundai EV customers

Hyundai Motor India Ltd., country’s first smart mobility solutions provider and the largest exporter since its inception, today announced strategic partnership with Tata Power, one of India's largest integrated power companies and a leading EV charging infrastructure provider to build a robust EV charging network and boost EV adoption in India at its dealerships. Through this association, Hyundai Motor India Ltd. will become a key contributor in expansion of quality charging infrastructure.

The MoU was signed between Hyundai Motor India Ltd. and Tata Power in the presence of Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Limited and Dr. Praveer Sinha, CEO & MD, Tata Power, at HMIL's Headquarters in Gurugram, Haryana.

HMIL currently has an existing network of 34 EV Dealers in 29 cities, equipped with AC 7.2 kW chargers, and aims to expand the charging infra network across its pan India Dealerships. The vehicle charging time of DC 60 kW charger is much lesser than AC 7.2 kW charger. These DC 60 kW charging stations will enhance customer convenience.

Commenting on the announcement, Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Limited, said, "Realising Hyundai’s global vision of ‘Progress for Humanity’ and in-line with our new brand direction of going ‘Beyond Mobility’, Hyundai Motor India is glad to announce its partnership with Tata Power to facilitate and strengthen India’s robust EV ecosystem and enhance the general outlook on sustainable transportation, reaffirming Hyundai's vision to integrate social responsibility with economic prosperity and community wellness. Such strategic partnerships are fundamental in accelerating the adoption of Electric Vehicles by customers to achieve national goal of carbon neutrality. This partnership will power-up the nations’ electric mobility mission by offering end-to-end EV charging infrastructure at HMIL Dealerships along with supply, installation and commissioning of home charging for HMIL EV customers, thereby, enhancing customer convenience and ease of adoption of electric vehicles.”

Commenting on the strategic partnership, Dr. Praveer Sinha, CEO & MD, Tata Power said “Our collaboration with Hyundai Motor India aligns with the Government of India's National Electric Mobility Mission Plan and demonstrates our commitment to leading India's clean energy and net-zero goals. Tata Power's expertise in EV charging space coupled with comprehensive charging solutions and countrywide ownership of Hyundai vehicles, will help in the development of sustainable mobility infrastructure, boosting faster EV adoption."

Under this collaboration, public EV charging stations at Hyundai Dealership locations will be installed and end-to-end charging solutions at home will be offered for customer convenience and hassle-free EV ownership. The charging stations at Hyundai Dealerships will be open for all electric vehicle customers and accessible through Hyundai and Tata Power EZ Charge Mobile App.

HMIL will facilitate through its dealerships, space and necessary administrative approvals, while Tata Power will operate and maintain the charging stations. Easy accessibility of charging stations through Hyundai and Tata Power EZ Charge Mobile App will enable customers to navigate, locate, and make payments, access live status, and pre-book slots for the charging stations for a hassle-free and smooth vehicle charging experience.

Ministry of Skill Development And Entrepreneurship Partners With Indian School of Business To Further Built Capacity of Officers

In line with the Hon'ble Prime Minister Shri Narendra Modi's ambitious programme 'Mission Karmayogi,' which is a first-of-its-kind experiment in the direction of capacity building and modernising the mindset, methodology, and skill set of government employees, the Ministry of Skill Development and Entrepreneurship (MSDE) recently partnered with the Indian School of Business (ISB) to conduct capacity-building programmes for MSDE officials.

A total of 120 officers (30 per batch) across divisions under MSDE would be undergoing a comprehensive five day long residential training across ISB Hyderabad and Mohali campuses. The first batch of 30 officers have completed their training from ISB Mohali campus with a convocation ceremony held for the officers.

The MSDE Management Development Programme is aimed at upskilling the MSDE officers facilitating capacity building training of a mixed batch of officials including officers from MSDE, Industrial Training Institutes (ITI) Principals, Sector Skill Councils, CEOs, State Skill Mission Directors, and Jan Sikshan Sansthans (JSS) & National Skill Development Corporation (NSDC).  The MoU between MSDE and ISB was signed in the presence of Shri. Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship.

The primary goal of the programme is to strengthen leadership skills while developing a strategic mindset that will aid in gaining insights into data analytics and digital transformation. Through strategic leadership and management development programmes, the MSDE and ISB are encouraging officials to instill a culture of innovation within their respective organisations. The batches are strategically designed to encourage cross-learning while embracing new challenges and comprehending complexities to ensure sustained success.

The training at ISB was also graced by Sh. Parveen Pardesi, Member Admin, CBC who delivered a holistic lecture on the Role of Governance in building a Skill Ecosystem.

Expressing his view on the development programme, Shri Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship, said, “With India sprinting towards becoming a superpower, it is essential for government employees to upskill themselves to become productive contributors to the economic growth of India. We intend to promote cross-learning through these development programs, which will eventually lead to a practical understanding of the core components of business strategy. We look forward to creating a new generation of upskilled workforce that drives the innovative future of India.”

As per the advisory issued by Capacity Building Commission under Department of Personnel and Training (DOPT), a standing Capacity Building Unit for MSDE was created via office memorandum dated 17 January 2022, which shall be responsible for coordination with Capacity Building Commission and implementation of various capacity building interventions for all employees under MSDE on a continuing based approach upon Training Need Analysis (TNA).

Key initiatives undertaken by Capacity Building exercise at MSDE, induction programs for India Skill Development Service (ISDS) officers; self- defense training of all the MSDE women employees; 5 days Art of Living training program in stress management for 765 officials MSDE officials; and capacity building in management and leadership of 120 officials including officers from MSDE ecosystem.

About Ministry of Skill Development and Entrepreneurship (MSDE)

MSDE was formed on 9th November 2014, by the Government of India to focus on enhancing employability of skills. Since its inception, MSDE has undertaken significant initiatives and reforms in terms of formalizing the policy, framework and standards; launching of new programmes and schemes; creating new infrastructure and upgrading the existing institutions; partnering with States; engaging with industries and building societal acceptance and aspirations for skills. The Ministry aims to bridge the gap between demand and supply of skilled manpower to build new skills and innovation not only for existing jobs but also for jobs that are to be created. Till date, more than 5.5 crore people have been trained under Skill India.

RapiPay Launches De Dhana Dhan Offer, Agents Across India Are Winning TVs, Smart Phones, Cashback Prizes

RapiPay Fintech Private Ltd, one of the leading fintech companies in India, has announced the launch of RapiPay De Dhana Dhan offer pan India for its 5 Lakhs + agents, also known as, Direct Business Outlets (DBOs).  The new scheme incentives thousands of lucky DBOs daily with prizes such as Smart TVs, Smartphones, mobile accessories and cashbacks.  

To become eligible, DBOs need to do AEPS or Recharge transactions on RapiPay between 6am – 12pm in the morning and 5pm to 11pm in the evening. The first winner of Smart TV is from Darbhanga (Bihar) and he has been awarded his 55 inch Smart TV with much fanfare and celebration on 12th May 2022. Similarly, every week winners of TV and Smart phones are being gratified instantly so that they don’t have to wait for their prizes for long.    

Mr. Nipun Jain, CEO, RapiPay Fintech Ltd. said “We believe, it is important to bring excitement in the business with regular incentives for our DBOs, RapiPay’s De Dhana Dhan Offer is a step towards that.  An effective incentive scheme like this does not just improve customer experience and build your business, but also helps with DBOs retention. Moreover, as a category leader, we are committed to grow the Assisted Payments space and take the financial inclusion to the last mile. “ 

RapiPay is one of top players in AEPS and Micro ATM services. It has witnessed 200% growth in AePS and Micro ATM transactions from April 2021 to March 2022. RapiPay is instrumental in growing financial inclusion in India with many services like Aadhaar Enabled Payment Systems, Micro ATMs, POS, Bill Payments Insurance etc.    

About RapiPay 

S.K. Narvar promoted RapiPay Fintech Pvt. Ltd., is instrumental in growing financial inclusion services in the country with services like AEPS, Micro ATM, POS, Digital Lending and many more. With a nationwide network of over 5 lakhs DBOs, RapiPay is providing Banking and Financial services to more than 3 crore underbanked consumers every month. RapiPay is a subsidiary of Capital India Finance Limited (CIFL). 

Greenply FY22 Revenues Grew By 34% And PAT Grew By 56%

Greenply Industries Limited, India’s leading manufacturer of Plywood and allied products announced its financial results for the quarter and year ended March 31, 2022. Below are the key financial highlights: 

Consolidated – FY22  

Revenue is at Rs 1,562.8 crores; a growth of 34.1% YoY  

Adjusted Core EBITDA (excluding non-cash ESOP cost of Rs 12.1 crores) stood at Rs 162.3 crores; a growth of 38.5% YoY and the EBITDA margins were at 10.4% 

Profit after tax (PAT) is at Rs 94.7 crores a growth of 55.5% YoY  

Net debt stood was at Rs 219.3 crores and Net debt-equity ratio was at 0.4 times 

Consolidated – Q4FY22  

Revenue is at Rs 448.6 crores; a growth of 13.1% YoY 

Adjusted Core EBITDA (excluding non-cash ESOP cost of Rs 3.0 crores) was at Rs 47.6 crores; a growth of 3.5% YoY with EBITDA margins at 10.6% 

Profit after tax (PAT) was Rs 29.0 crores; a growth of 1.2% YoY  

Upcoming Project Status Updates 

The company is setting up a greenfield plywood manufacturing unit with the capacity of 13.5 Mn Sqm p.a. at district Sandila, Lucknow, U.P. The financial closure for the project and the construction activity is now complete. Commercial operation is expected to start shortly.  

The company is setting up a greenfield MDF board manufacturing unit with the capacity of 800 CBM per day near Vadodara, Gujarat. The financial closure for the project is completed. Civil construction work for the project is in full swing. First phase of machinery despatches has started. The expected COD of the plant is likely to be in the fourth quarter of FY23. 

Commenting on the performance for Q4 FY22, Mr. Manoj Tulsian, JMD & CEO, Greenply Industries Ltd. said  

“We have seen an improving demand scenario in FY22 and accordingly have achieved a strong financial performance in FY22.  

While the increasing raw material prices and raw material availability continues to constrain the growth trajectory, a renewed demand in the real estate industry is likely to support the performance going forward. Overall, we expect strong growth led by continued momentum in real estate, increased home and office renovation activities and a shift of consumer preference towards branded products. 

We are excited to join hands as an associate sponsor partner of ‘Lucknow Super Giants’, a new IPL franchise. We believe that this association will strengthen the brand recall value. Further, our Zero-emission products has achieved the milestone of reaching to over one million homes” 

About Greenply: 

Greenply Industries Limited (GIL), having leadership position in plywood industry with three state–of-the-art manufacturing facilities spread across the country. The Company provides world class interior products for the domestic and global markets including Plywood, Block board, Flush doors, Decorative Veneers and PVC products. The company has widespread presence in over 1140 cities, towns, and villages across 28 states and 6 union territories, serviced through a well-entrenched distribution network of more than 2,350 dealers and authorised stockists, a retail network exceeding 6,000 and more than 50 physical and virtual branches pan-India.  

We pushed the bar of our innovation to pioneer India’s first-of-its-kind E-Zero plywood range in FY21. The Zero emission products are aimed at safeguarding the indoor air quality. Greenply has been conferred with Great Place to Work for the third year in a row for its contribution on building High-Trust and High-Performance Culture in the organization.