IBSFINtech SaaS TMS, InTReaX Is Powered By Oracle Cloud And Is Now Available On Oracle Cloud Marketplace

IBSFINtech, the Enterprise TreasuryTech company, a leading provider of solutions for end-to-end digitization of Cash, Liquidity, Treasury, Risk, Trade Finance, and Supply Chain Finance functions of corporations and a member of Oracle PartnerNetwork (OPN), today announced that its SaaS Treasury Management Solution, InTReaX™ has achieved Powered by Oracle Cloud Expertise and is now available on Oracle Cloud Marketplace, offering added value to Oracle Cloud customers.  The SaaS TMS InTReaX™ delivers  the benefits of Oracle Cloud Infrastructure’s (OCI) deep and broad platform of public cloud service capabilities. OCI enables IBSFINtech to build and run a wide range of applications in a scalable, secure, highly available, and high-performance environment.   

SaaS TMS InTReaX™ is a SaaS offering for Cash & Liquidity, Currency Risk, and Hedge Accounting, integrated with Refinitiv's suite of risk and financial data solutions. The solution is hosted on one of the most secure, flexible, and scalable cloud infrastructure, OCI. The SaaS TMS enables the treasury teams to do more with less and facilitates critical decision-making with access to real-time and accurate information. 

Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications offering unique business solutions, including ones that extend Oracle Cloud Applications. Oracle Cloud is an enterprise cloud that delivers massive, non-variable performance and next generation security across a comprehensive portfolio of services including SaaS, application development, application hosting, and business analytics. Customers get access to leading compute, storage, data management, security, integration, HPC, artificial intelligence (AI), and Blockchain services to augment and modernize their critical workloads. Oracle Cloud runs Oracle Autonomous Database, the industry's first and only self-driving database.

“It has been our constant endeavor to offer future-ready solutions to our customers, and we do this with a thorough understanding of their changing needs. Treasury automation is a critical focus area for CXOs today. Having been mandated by boards, corporations globally are augmenting their corporate finance functions with robust treasury automation solutions. Our association with Oracle Cloud is a step forward in offering customers cloud-native solutions to support their business transformation journeys,” said CM Grover, MD & CEO, IBSFINtech India Pvt Ltd. “IBSFINtech’s participation in Oracle PartnerNetwork with the Powered by Oracle Cloud Expertise further extends our commitment to the Oracle community and enables customers to easily reap the benefits of IBSFINtech SaaS TMS InTReaX™. We look forward to leveraging the power of Oracle Cloud to help us achieve our business goals.” 

"The cloud represents a huge opportunity for our partner community," said David Hicks, vice-president, Worldwide ISV Cloud Business Development, Oracle. "IBSFINtech’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled Treasury Management solutions ready to meet critical business needs."

Powered by Oracle Cloud Expertise recognizes OPN members with solutions that run on Oracle Cloud. For partners earning the Powered by Oracle Cloud Expertise, this achievement offers customers confidence that the partner's application is supported by the Oracle Cloud Infrastructure SLA, enabling full access and control over their cloud infrastructure services as well as consistent performance.

About IBSFINtech

Incepted in 2006, IBSFINtech is a Bengaluru-based home-grown enterprise TreasuryTech company. It provides end-to-end digitization and automation solutions for the cash and liquidity, treasury, risk, and trade finance management (TRTFM), and supply chain finance requirements of medium and large corporates. Backed by AI, Data Analytics, and MIS technologies, the company's integrated risk management solution helps businesses drive visibility, improve control, mitigate operational risks, and optimize organizational efficiency for various Indian and Global organisations. 

IBSFINtech's broad customer base is spread across Mumbai, Hyderabad, Delhi, Gurgaon, and Noida in India and international markets such as Singapore and Europe. Some of its marquee clients are Vedanta Group, Mphasis, Wipro Enterprises, Maruti Suzuki, JSW Steel, etc. Global clients include IMR Metallurgical Resources, JSW International, and many more.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service.  To learn more visit: http://www.oracle.com/partnernetwork 

Vitesco Technologies Aims To Achieve 100% Carbon Neutral Production By 2030

* The state-of-the-art facility is spread across 20 acres and contains more than 17580 m2 of manufacturing space 

* The facility aims to achieve 100% carbon neutral production by 2030 and generates its own green energy with photovoltaic systems 

Vitesco Technologies a leading international manufacturer of modern drive technologies and electrification solutions recently celebrated the second anniversary of its Pune facility. Dr. Hans-Jürgen Braun, Senior Vice President of Operations at Vitesco Technologies, visited the facility to commemorate the occasion. The facility is spread across 20 acres and contains more than 17580 m2 of manufacturing space, including over 900 employees. 

The Pune plant, like all Vitesco Technologies facilities, serves its grid demand entirely through renewable energy sources. Furthermore, the site generates sustainable electricity. All new photovoltaic systems have been built in the Talegaon facility, generating 03 GWh of electricity from solar energy. The installed capacity is currently 2.6 MW, with the company aiming to increase it to 3.6MW by the end of the year. The facility is also strongly driving automation, digitization, and Industry 4.0, with over 25 cobots and robots installed on the production lines and shopfloor. 

During his tour of the facility, Dr. Hans-Jürgen BraunHead of Operations at Vitesco Technologies said “We have a clear vision of the key characteristics of the plant of the future, which are sustainable, smart, and predictive. And our plant in Pune already embodies these qualities with highly automized production lines, state-of-the-art Industry 4.0 solutions and a strong focus on sustainability. But what is most important for me is the highly motivated team, because I genuinely believe that people, not only technology, will shape the plant of the future. I am very impressed with India’s business competency and the employees' enthusiasm to support us on this journey. 

Dr. Braun further highlighted that “The carbon footprint must be dramatically decreased to combat climate change, which is one of the major issues of our time. We must take on responsibility for our environment. As a result, the plant of the future must be climate-neutral in operation. That is why I am proud that the plant in Pune has truly established itself as a driver of sustainability. 

Vitesco Technologies' clean and efficient electrification solutions contribute significantly to the environment. Therefore, it is equally important that they are manufactured in a sustainable and resource-efficient manner. As a result, Vitesco Technologies has pledged to dramatically cut its carbon footprint and achieve 100% carbon neutral production by 2030. To achieve carbon neutrality, the company lowered CO2 emissions from 10,000 T to 0.2 T within a year. 

Mr. Anurag Garg, Managing Director and Country Head, Vitesco Technologies India said “India is seeing an increase in demand for sustainable mobility. Our goal at Vitesco Technologies is to create innovative and efficient electrification technologies in India for all types of vehicles. In addition, we aspire to build a plant of the future that is more sustainable, smart, and predictive. Several innovative projects, particularly at our Pune facility, are being undertaken in this regard. These projects within our manufacturing network on digitization, automation, and sustainability will help to shape the Plant of the Future. I believe that The plant of the future will be smart in all aspects. On the one hand, digitalization, big data analytics, and artificial intelligence can achieve a higher degree of automation in production and supply chain activities. Employees, on the other hand, can make better and faster decisions based on the generated data. A digitally connected ecosystem is emerging under continuous improvement to become more competitive and productive. Through this smart interconnection of people, all systems and the data generated from it, we will be able to forecast trends and events”. 

Vitesco Technologies' vision of the plant of the future strives to address technological, geopolitical, sociological, and climatic change challenges that affect not just the automobile industry but also society. The company intends to actively drive the transformation of manufacturing and supply chain management in the country. The objective of the initiative is to paint a picture of how Vitesco Technologies will fulfil the demands of tomorrow's manufacturing using innovative concepts and future technologies. 

Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. With smart system solutions and components for electric, hybrid and internal combustion drivetrains, Vitesco Technologies makes mobility clean, efficient, and affordable. The product range includes electrified drivetrain systems, electronic control units, sensors and actuators, and exhaust -gas aftertreatment solutions. In 2021, Vitesco Technologies recorded sales of €8.3 billion and employs around 37,000 employees at about 50 locations worldwide. Vitesco Technologies is headquartered in Regensburg, Germany. 

Everdome Announces Upcoming Metaverse Land Auction Date

Everdome, the most hyper-realistic metaverse, is giving investors the unique opportunity to own a piece of Mars with land auction(s) set to begin on Monday, May 30, 2022.  12,000 plots of metaverse land, located throughout the Everdome ecosystem, will be available for purchase across eight weeks.

Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE to colonize Mars. The platform leverages cutting-edge 3D scanning technology and Epic Games' Unreal Engine 5 to deliver state-of-the-art photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. 

From late May, Everdome will offer 12,000 hexagonal plots of land for sale through auctions held over eight weeks. Each auction will feature 1,500 plots and will run for 1 week, located in game areas across Everdome’s 6 unique districts.

Rob Gryn, CEO and Founder of Everdome and Metahero, said: "Society's shift towards a more connected way of living was accelerated due to pandemic restrictions. This paved the way for the metaverse, which is free from the restrictions and limitations of everyday life, to grow at an immense rate.  The future is in the metaverse, now more than ever before; people want their real-world experiences available at the press of a button, which is exactly what the metaverse offers. From sales and marketing to hospitality, education, and everything in between, the metaverse is the solution to delivering premium experiences."

Purchasing a plot of land within Everdome will give owners the right to develop it as they see fit, with the opportunity to generate revenue or even re-sell in the future. The everdome team is fully equipped and staffed to design, architect, and develop partner and individual lands as the settlement grows.

"The possibilities are endless," added Gryn. "In the metaverse, the only limits are our imagination." 

Built on Unreal Engine 5, Everdome will deliver a fully immersive web experience - pulling on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in numerous industries.

Everdome's Phase 1 includes the pre-launch phase, set in Hatta, during which users can explore the launch room and learn more about space exploration and the journey to come. Phases 2 and 3 continue the Everdome journey, from mission launch and life aboard the vessel, through to landing and settling on Mars.

To learn more about the land sales, visit https://map.everdome.io

Exclusive Pizza Pro Experience Store For An Enhanced Customer Experience At Meherchand Market

* Offering a diverse range of Ooni pizza ovens, accessories, and ingredients 

Pizza Pro, authorized Ooni pizza oven distributors for India and a one-stop-shop for all things pizza, is pleased to announce the launch of its flagship store called the Pizza Pro Experience Store in New Delhi. Strategically located in Meherchand Market, the store is designed to bring an enhanced customer experience to pizza enthusiasts by providing them a demo of the pizza ovens before they make a purchase decision. Moreover, potential customers can bring their own dough and make pizzas at the store using the Ooni pizza ovens!

With this launch, Pizza Pro aims to meet the demand for affordable, chic, and easy-to-install portable wood and gas fired pizza ovens in the Indian market. The company caters to the wide audience of foodies, food enthusiasts and restaurants alike within the subcontinent with an unmatched product portfolio. The Pizza Pro flagship store is set to become a complete pizza lovers’ hub, with a display of products ranging from pizza ovens, accessories, grizzlers, pizza peels, sizzler plates, gloves, aprons, recipes, and step by step guides, to fresh, imported, and authentic Italian pizzeria ingredients. In addition, potential customers are invited to witness the brand’s design excellence and innovations, while experiencing a display of technologies that crowned Ooni pizza ovens as the best pizza oven brand by renowned publications such as Good Housekeeping, New York Times, Ideal Home, and Business Insider India.

The store's interiors are sleek, minimal, and classic in design, with a display of products as well as product information. The colour scheme is yellow and grey, which corresponds to the Ooni brand colours. The Experience Store also offers an indoor and outdoor experience, with a display of seasonal plants including rosemary and basil in the outdoor section.

Commenting on this milestone, Priyamvada Aggarwal, Co-Founder of Pizza Pro stated, “We at Pizza Pro are humbled by the response we have received from our customers across the nation. We have been planning to launch our flagship store in New Delhi for quite some time and being aware of New Delhi’s diverse palette and zest for restaurant quality pizzas, this seemed to be the perfect place to begin with. It was our objective for 2021 to treat the city’s pizza enthusiasts with everything they require to make great pizzas at home, which is now coming close to being fulfilled. We are proud to be exclusive distributors of Ooni pizza ovens in India and are delighted to be able to welcome customers to an all-new, easily accessible location in Meherchand Market.”

In the near future, the co-founders of Pizza Pro plan to have a pizzaiolo come over every other Sunday to allow customers to sample pizzas baked using Ooni ovens before making a purchase decision.

So, what are you waiting for? Come on over to your gateway to pizza heaven. 

Address: 92, Meharchand Market, Lodhi Colony, New Delhi, 110003

Timings: 11 AM to 7:30 PM (Monday to Saturday)

ABOUT PIZZA PRO (www.pizzapro.in) 

Pizza Pro is a company founded by Priyamvada and Karan Raj Aggarwal, a brother-sister duo based out of Delhi NCR, to meet the demand for affordable, chic, and easy-to-install portable wood and gas fired pizza ovens in the Indian market. The company is the authorized Ooni distributor for India and caters to the wide audience of foodies, food enthusiasts and restaurants alike within the subcontinent by providing you with everything you need to make great pizzas. It is a one stop shop for everything pizzas – from pizza ovens, accessories, pizza peels, recipes, and step by step guides, to fresh, imported, and authentic Italian pizzeria ingredients.

Sterlite Power Wins Orders Worth INR 1600 Crores Across Solutions Business

* Secures multiple new orders in the Solutions business during the period Jan – April 2022 

Sterlite Power, a leading power transmission developer and solutions provider, has secured multiple orders worth ~INR 1600 crores across its Solutions business in the domestic and international markets.  

The company has secured orders from customers like Power Grid Corporation of India (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company Limited (WBSETCL) in the MSI (Master System Integrator) segment. The orders are for the installation and supply of high-performance conductors and reconductoring solutions for transmission projects. In the Products segment, Sterlite Power has acquired strategic maiden orders of EHV cables for state transmission utilities in Bihar, Madhya Pradesh, Maharashtra, and Karnataka and orders for overhead lines from large and reputed international customers in North America and CIS regions.  

Commenting on the order wins, Mr. Manish Agarwal, CEO – India Transmission Business, Sterlite Power, said, “We are happy to win these new orders across our Solutions business which significantly adds to our robust orderbook. Our integrated model provides us with a strategic advantage in delivering complex projects successfully while also diversifying our revenue base.” 

As part of its Solutions business unit, the company manufactures and sells a diversified portfolio of products, covering high performance conductors, OPGW and EHV power cables, to international customers, including central and state electricity transmission companies, transmission developers and transmission engineering, procurement, and construction ("EPC") contractors. Further, its MSI sub-unit is a provider of specialty contracting services, delivering bespoke solutions for the upgrade, uprate and fiberization of brownfield transmission infrastructure projects. In addition, the company also offers underground EHV turnkey services including cable laying and substation development.  

Under its infrastructure business segment, where the company bids to develop transmission projects, it has recently won inter-state transmission system projects in J&K as well as north-east India which will play a pivotal role in connecting clean and green power to the national grid. The Kishtwar transmission project is based in Jammu & Kashmir and comprises a 400/132kV GIS substation at Kishtwar and 400 kV Kishenpur - Dulhasti LILO (Line in Line out) transmission line. The Nangalbibra – Bongaigaon transmission project involves construction of ~300 ckt km of transmission lines and a greenfield substation with 320 MVA transformation capacity across the North-Eastern terrain of Assam and Meghalaya. 

About Sterlite Power: 

Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with a robust portfolio of 28 projects covering approximately 13,950 circuit Kms of transmission lines across India and Brazil. The Company has a portfolio of high-performance power conductors, extra high voltage (EHV) cables and optical ground wires (OPGW). The Company provides bespoke solutions for the upgrade, uprate and fiberization of existing transmission infrastructure projects. Advancing the carriage towards a green energy efficient future, Sterlite Power has an increasing focus on integrating renewable energy into the grid. It was the sponsor of IndiGrid, India’s first power sector InvIT, listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The Company was also recognised at The Economic Times Innovation Awards 2020 and is a recipient of awards from International Project Management Association (IPMA). For more details, visit https://www.sterlitepower.com  

KSB Limited Announces Results of Its First Quarter of 2022!

* The Sales value for Q1 2022 is registered at INR 4,177 million which is about a 9% increase over the corresponding quarter of 2021 

* Achieved ROS of 13% for the quarter 

* Operating profit margin continues to be at 13% 

Summarizing the Q1’22 performance, Mr. Farrokh Bhathena, Director of Sales and Marketing, KSB Limited said “This quarter we have recorded the highest ever quarterly order intake which is 54% higher than the corresponding quarter of 2021. Our sales achieved for the quarter are 9% higher than that of the corresponding Q1 2021 quarter.  

The market is gradually rolling back to the pre-covid times favouring faster market movement and business activities. A good number of project orders were received for petrochemical/chemical segment and water wastewater segment, we also recorded good growth in agriculture segment compared to Q1’21“. 

Major Highlights  

The Business activities are steadily coming back to normalcy  

Export Orders in Q1 2022 up 54% compared to the corresponding period of last year  

New shed inaugurated at KSB Limited Sinnar plant.  

Mechanical Seal repair facility inaugurated at Chinchwad  

Solar Pumps Certification for MNRE completed 

Mr. Milind Khadilkar, Chief Financial Officer is pleased to share the Strategy 2024 formed by the Company. Accordingly, the Company has a target to achieve of Order intake of INR 2,500 Crores, Sales INR 2,200 Crores and ROS of 13% by the end of year 2024. He continued to state that, the strategies focus on new products, new markets, operational excellence, solar business, export business, Digitalisation etc.  

Digitalization being one of the important pillars to achieve the Strategy 2024, Mr. Khadilkar informed top Digitalization initiatives of the Company as following: 

1. Sales Initiatives: Project Cost Information System, Dealer Management Portal  

2. Operations Initiatives: MIS Automation, Machine Monitoring & Model Workstations  

3. IT Initiatives: Cloud Adoption, Data Classification, and Data loss prevention  

Godrej Interio’s Kitchens Aims To Grow At 22% CAGR For Next 5 Years

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture solutions brand, in home and institutional segments, plans to grow its kitchen category at 22% CAGR for the next 5 years. The business is witnessing tremendous growth in modular kitchens across India along with a steep rise in tier 2 and 3 cities since the pandemic. They clocked a staggering 35% growth in the eastern region in the last year alone. Given the demand, Godrej Interio is geared up to meet the rising demand through their new manufacturing facility at Khalapur, Maharashtra that can produce up to 250 kitchens per day.

Godrej Interio’s Khalapur plant manufactures ‘Steel chef’, a one of its kind modular steel Kitchen catering to the mid segment. These kitchens have the strength of steel and can be combined with the aesthetics of wood and are compatible with wide range of accessories and hardware as per the customer’s preferences. In addition to this, the plant also manufactures kitchen accessories like the Neo Smart Chimney which are indispensable to modern modular kitchens in India.

Subodh Mehta, Senior Vice President (B2C), Godrej Interio said “In the last two years, kitchens became central to not only food preparation but also culinary experimentation. Therefore, time spent in the kitchen grew significantly. Additionally, we also see a need for larger units, technology integrated accessories and hardware. Today, customers are looking for efficient kitchen solutions which are high on functionality and easy to use. Similarly, customers are also looking for materials which are durable, hygienic and easy to maintain like steel and marine ply. Also, we see a new trend with 27% of the builders now offering a fully functional Kitchen in new apartments. Poor ventilation, heat, and the use of strong aromatics in Indian food make cooking a time-consuming and sometimes difficult experience. The Godrej Interio’s kitchen plays a crucial role in alleviating these common pain points while also adding to the aesthetic look of your kitchen.”

He further added "We offer consumers a wide selection of designs, accessories, materials, and finishes to pick from our in-house Design and Manufacturing facility in Khalapur. All of our products come with a 15-year warranty and combines style with ease, making cooking a delight. The modular kitchen business is expected to grow rapidly and in this category, we have aggressive growth ambitions with a CAGR of 25% in FY22-23."

About Godrej Interio:

Godrej Interio is India’s leading premium furniture brand in both home and institutional segments with a strong commitment to sustainability and centers of excellence in design, manufacturing and retail.

Led by the largest in-house design team in the country in the furniture category and awarded with 34 India Design Mark Awards till date, GODREJ INTERIO aims to transform spaces with its thoughtfully designed furniture to create brighter homes and offices with products that have the highest design quotient in aesthetics, functionality and technology. With consistent pursuit of excellence and a special focus on health and ergonomics, GODREJ INTERIO’s product portfolio comprises of a wide range of solutions

Today, we design and manufacture furniture for office spaces, homes, educational institutes, healthcare facilities, laboratories and more. Along with furniture we offer Audio Visual and 360 Degree Turnkey solutions. Each of our product range revolves around comfort and aesthetics while delivering well-designed, long lasting and functional furniture solutions. In short, Godrej Interio helps the consumers to make every space the perfect setting for their myriad moods and moments.

Currently present in over 650 cities with 250 exclusive showrooms and 800 dealers, is one of the largest divisions of Godrej & Boyce Mfg. Co. Ltd., part of the Godrej Group, one of India's largest engineering and customer product groups.

Godrej Interio has 7 manufacturing facilities situated at Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. GODREJ INTERIO’s Shirwal Plant is Green Co Platinum Certified, and Mumbai Plants are Green Co Gold Certified. GODREJ INTERIO is widely known for its comprehensive sustainability certifications for its products in furniture category.

GODREJ INTERIO commitment to the environment has resulted in manufacturing products with lesser environment footprint. Our pioneering efforts include designing less environment burdening products, usage of eco-friendly materials and setting up less polluting and consuming processes, ensuring eco-friendly packaging and transportation and finally the extended responsibility of recycling/reuse of used furniture and scrap, thus ensuring a lifecycle approach to green. GODREJ INTERIO has the widest range of green choices for our customers which not only includes products but also services such as green interiors and recycling.

The brand boasts of noteworthy awards received so far- CII Exim Bank Award for Business Excellence 2016, Superbrands 2017-18, Reader’s Digest Most Trusted Brand 2018 Gold (Home Furniture and Modular Kitchen), TRA’s India’s Most Consumer focused brand 2019, GreenCo Star Performer Award 2019, National Energy Leader Award at CII National Award for Excellence in Energy Management 2018.