LTI Strengthens Strategic Collaboration With Microsoft On Various Technologies By 2024

* Plans to train more than 12,000 employees on various Microsoft technologies by 2024

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has announced the expansion of its collaboration with Microsoft to focus on developing high-value cloud solutions for enterprises. As a part of this multi-year collaboration, LTI has launched a dedicated Microsoft business unit that develops and offers end-to-end digital transformation solutions.

Through this association, LTI will also train 12,000 professionals from its existing workforce on various Microsoft technologies by 2024. The main objective of this effort is to enable skill development of LTI employees that are a part of Microsoft unit and enhance their competencies across technologies like cloud, data, IoT and security.

Nachiket Deshpande, Chief Operating Officer, LTI, said, “LTI has a long-standing relationship with Microsoft as a strategic partner, service provider, and customer. Our reaffirmed partnership with Microsoft will enable us to innovate and offer 170+ distinct services to our joint customers. Additionally, we will also focus on training and upskilling of our talent pool that is a part of the dedicated Microsoft business unit, to empower them to meet changing business and market requirements.”

Siddharth Bohra, Chief Business Officer & Head of Cloud Business Unit, LTI, said, “Enterprises across the globe are increasingly embracing cloud, and LTI has made impressive strides in developing a multi-dimensional capability on Azure, to meet this demand. As part of this collaboration, LTI and Microsoft will jointly innovate, develop, and sell solutions to assist enterprises in acceleration of their digital transformation journeys.”

Julie Sanford, Vice President, Partner GTM, Programs & Experiences, Microsoft, said, “Through their new Microsoft Business Unit, LTI will be able to help customers implement cloud strategies and drive business transformation across industries and geographies,” said. “We look forward to working with LTI as they build new capabilities and deliver innovative solutions on the Microsoft Cloud.”

Through this association, LTI will attain the Solution Partner designation across all the Microsoft Solution Areas. LTI also has the following advanced specializations on Azure:

-         SAP on Azure: Validating the capability of implementing SAP solutions on Azure

-         Analytics on Azure: Demonstrating the expertise in delivering analytics solutions in Microsoft Azure

-         Windows Server and SQL Server: Expertise in migrating production workloads to Microsoft Azure

-         Modernization of Web Applications: Validating expertise in migrating and deploying production web application workloads, applying DevOps, and managing app services in Microsoft Azure

-         Kubernetes on Azure: validating capabilities in deploying and managing production workloads in the cloud using containers and managing hosted Kubernetes environments in Azure

-         Low Code Application Development: Expertise in building solutions using Power Apps.

-         The Data Warehouse Migration to Microsoft Azure: Validating expertise in analyzing existing workloads and performing ETL operations to migrate data to cloud-based data warehouses.

-         Cloud Security: Validates a means for your company to showcase capabilities to implement comprehensive security solutions across Azure, hybrid, and multi-cloud environments

-         Threat Protection: provides a means for your company to showcase proven, verifiable expertise in deploying Microsoft Threat Protection or Microsoft Cloud App Security workloads

-         AI and Machine Learning in Microsoft Azure: Validates capabilities on enabling customer adoption of Al and implementing Azure solutions for Al-powered apps.

LTI is an Azure Expert MSP Partner which demonstrates deep knowledge, extensive experience, and proven success in implementing specialized workloads such as Migration and Modernization, SAP on Azure, Data Analytics, Internet of things (IoT), Security, and Microsoft Dynamics 365.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 495 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 46,000 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 https://www.lntinfotech.com 

UrbanGabru Launches First-Ever Made In India’ Painless Hair Removal Spray For Men

-The product comes with a unique formulation that offers a painless hair removal experience within 6 to 8 minutes.

Men's grooming brand, UrbanGabru announced the launch of India's first painless hair removal spray for men. The product comes in a foam-based texture that offers a painless hair removal experience and de-tan property that leaves the skin smooth and moisturised. The product is crafted for the Indian weather and perfected for Indian men's skin by a team of experienced Dermatologists.

The multi-usage hair removal spray is an extension of the brand's 'Upgrade Yourself' brand ethos. Its unique formulation contains aloe vera and lemon extracts. Aloe vera's natural ingredient has anti-inflammatory properties, which help to reduce dryness, fight skin ageing and lock skin moisture. The natural antioxidant-Lemon extract helps remove dead cells and clogged pores and targets even skin tone.

With well-researched ingredients, the product eliminates unwanted hair fast and effectively within 6-8 minutes. In addition, the convenient and hassle-free application can remove hair from the body and intimate areas.

Youtube Link of the ad: https://bit.ly/3J7Qfee

Speaking on the announcement, Hemant Raulo, founder UrbanGabru says, “Since the last few years, there has been an increased acceptance of male grooming and beauty products. As a result, men are becoming more comfortable indulging in personal care routines. We at UrbanGabru are driven with a deeper purpose to bring new and innovative products for men and normalise the views on beauty standards. Our hair removal spray for men has been one such innovation. It is an upgrade to the conventional forms of hair removal such as waxing, trimming, shaving, hair removal creams, etc. The product is designed for Indian men and aims to break the stigma around body hair removal and help men upgrade their hygiene and beauty care.”

Hero MotoCorp Sells 4.46 Lakh Units Of Motorcycles And Scooters In July 2022

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 445,580 units in July 2022.

Signaling a steady sequential growth, Hero MotoCorp has sold 18,35,773 units of motorcycles and scooters so far (April-July) in FY’23. This is a double-digit growth of 24.1% over the corresponding period of FY’22, when the Company had sold 14,78,905 units.

The normal monsoon in most parts of the country, and the consequent agricultural harvest along with the upcoming festive season is expected to keep the sentiments positive and help build the momentum further.

In the first month of the second quarter, Hero MotoCorp launched the exclusive Rally Edition of its widely popular motorcycle Xpulse 200 4V and the latest edition of the iconic Super Splendor in Canvas Black Edition, which comes with the triple promise of Super – Power, Super – Mileage and Super – Comfort.

In the month of June, the company announced Hero Dirt Biking Challenge (HDBC) - the first-of-its-kind pan-India talent-hunt program by an OEM (original equipment manufacturer). HDBC is aimed at providing budding riders, enthusiasts and amateurs the much-awaited platform who want to pursue their passion in off-road racing and make a name for themselves in the field.

As part of the community welfare programs under the Company’s Corporate Social Responsibility (CSR) platform “Hero WeCare”, Hero MotoCorp launched an Agroforestry project for the people of Jahota village near Jaipur. As a part of this project in keeping with its long-term commitment to promote environmental development, more than 20,000 fruit-bearing trees will be planted and maintained for three years in partnership with 101 farmers in the village.

Hero MotoCorp inaugurated a Public Health Center (PHC) and a newly-constructed check-dam in Chandwaji village which is capable of holding more than 3000 cubic meters water. The check-dam will benefit the villagers by recharging ground water level and providing drinking water for their livestock.

In the month of June, Hero MotoCorp also handed over 1167 Hero Glamour motorcycles to West Bengal Police to enhance mobility of the police personnel in ensuring safety of women and prevention of crime in the state.

IIFL Home Finance Expands To Add Over 100+ Branches Nationwide

·         IIFL HFL disbursed over Rs 1,600 cr of home loan to over 7,300 beneficiaries in the state of Karnataka, since inception till date.

·         In the state of Karnataka, IIFL HFL facilitated over Rs. 29 cr to over 1,300 beneficiaries under the government’s CLSS PMAY (U).

·         Expansion conducted in 11 states including Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Punjab, Rajasthan, Karnataka, Gujarat, Haryana, Uttar Pradesh and Madhya Pradesh, with presence in 16 states.

·         IIFL HFL targets growth in tier 2-3 cities to reach to the masses. Currently about 10% of business comes from these markets which the company targets to take to 18-20% over next few years.

·         IIFL HFL disbursed over Rs. 28,900 cr of home loan to over 166,765 beneficiaries since inception till date. Majority of them being first time home buyers hence aligned to ‘Housing for All’ mission by Government of India.

·         To enable buyers for owning their first home, IIFL HFL has so far facilitated CLSS subsidy to over 55,000 customers worth Rs. 1,300 cr.

·         To enable the MSME sector IIFL HFL has also introduced a product for the market under the Shakthi Loan which is secured against their properties to boost the ‘Make in India’ initiative. IIFL HFL has been supporting the MSME sector with over 40,000 loans.

·         IIFL HFL believes in not only providing finance for homes but also enable these affordable housing buyers with healthy and respectable choices, which IIFL HFL does by promoting green and affordable housing nationwide.

·         IIFL HFL is already undergoing a Technical Assistance program with Asian Development Bank (ADB).

IIFL Home Finance Ltd (IIFL HFL), India’s fastest growing digital first home finance company, expanded to add over 100 branches in Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Punjab, Haryana, Rajasthan, Karnataka, Gujarat, Madhya Pradesh and Uttar Pradesh on August 1, 2022. With the expansion, IIFL HFL’s total branch network has expanded to 268 branches across 16 states till June, with the leading home loan entity aiming for a total of 350 branches by next financial year and 500 branches by FY 2025-26. The ambitious expansion by IIFL HFL aligns with the company’s focus on scaling up in FY 22-23 and coming years. IIFL HFL targets growth in tier 2-3 cities to reach to the masses. Currently about 10% of business comes from these markets which the company targets to take to 18-20% over next few years.

These branches will be focusing on IIFL Affordable Home Loan and Shakthi Loan Against Property, catering to first time home buyers and small business of the country, aiming to serve the underserved customers from the EWS/LIG section of the society. The company has disbursed over Rs. 28,900 cr of home loan to over 166,765 beneficiaries since inception till date. Majority of them being first time home buyers hence aligned to ‘Housing for All’ mission by Government of India.

The company offers loans through digital and paperless process, providing loan approval in just 25* minutes. While IIFL focusses on providing affordable home loan, they will now also offer IIFL Shakthi Loan which is a small ticket size Loan Against Property for small business owners such as, small grocery store owners, salon owners, vegetables vendors, small traders and agricultural ancillary owners. To enable the MSME sector, IIFL Shakthi is secured business loan to boost the ‘Make in India’ initiative. IIFL HFL has been supporting the MSME sector with over 40,000 loans.

IIFL HFL expanded and added 12 branches in the state of Karnataka. With the milestone, IIFL HFL’s domestic network has expanded to 24 branches in Karnataka. The existing branches provide employment to over 158 people in the state. The current disbursed home loan amount in Karnataka is Rs 1,600 cr to over 7,300 beneficiaries. IIFL HFL is one of the leading FIs to contribute towards CLSS PMAY-U. It facilitated over Rs. 1,346 cr of interest subsidiary to over 55,000 households nationwide. In the state of Karnataka, over Rs. 29 cr was facilitated to over 1,300 beneficiaries under the government’s CLSS PMAY (U).

With ’25 minute loan approval and Loan starting from Rs. 2 lakh only!’ as the main messaging, IIFL HFL launched its brand campaign for 100+ branch launch in 11 states across mediums such as print, digital, influencer marketing, OOH, Below the Line (including ATM, Auto Branding, etc) and Cable TV. The campaign commenced with a short and impactful video on digital platforms, and is targeted towards the deeper geographies of India, especially the EWS/LIG section. While the quirky and relatable video communication was conceptualised by the company’s creative agency The Minimalist, the campaign was designed internally by the Marketing Team at IIFL Home Finance. The campaign focusses on the two major offerings of IIFL HFL, Home Loan and Shakthi Loan Against Property.

At the momentous occasion, Monu Ratra (ED and CEO) said, “We are taking a giant leap towards financial inclusion, and our focus is to provide India’s potential home buyers and small business owners, from a specific LIG/EWS economic strata, easy access to affordable loans. Opening of these new branches will be our humble contribution to the nation’s socio-economic development”.

As a fintech housing finance company, IIFL HFL is dedicated to making its customers’ journey of loan process as seamless as possible; by leveraging its future-ready technology which offers 100% digital onboarding of its customers.

About IIFL Home Finance:

IIFL Home Finance Limited (IIFL HFL) is a wholly-owned subsidiary of IIFL Finance Limited. It is one of India’s leading housing finance companies and is a preferred choice for affordable home loan requirements. As of 31st March 2022, the AUM stood at Rs 23,617 crore of which home loan is 74% of the total with an average ticket size of Rs 16 lakh. The Return on Assets (ROA) for the period is at 3.5%. Through affordable home loans, IIFL HFL makes people’s aspirations of owning a home a reality, while emphasizing on supporting green buildings and projects that help society achieve inclusive sustainable development. The objective is to fulfill economic upliftment for EWS/LIG segments of the country. The company has adopted an asset light model by getting into Co-Lending arrangements that further helps to penetrate and expand in deeper markets of India. To make customer experience seamless the entire life cycle of housing loans is technology driven i.e., from origination to closure. The state-of-the-art IT infrastructure helps in reducing costs, real-time analysis of customer data, improving control and underwriting functions, while increasing customer reach and distribution capability. 

InsuranceDekho Launches “Pet Insurance” On Its Platform Across India

India's leading Insurtech startup, InsuranceDekho, has recently introduced “pet insurance” to its product portfolio. InsuranceDekho has partnered with Future Generali India Insurance Company to offer this unique Dog Health Cover and is also in the process of tying up with other insurers. 

On the day of the launch, the company hosted a special launch event attended by four-pawed friends from various daycares and animal shelters. During the event, the dogs cum special guests of the day participated in fun events with the company employees and beautifully illustrated the meaning of the ‘coexistence’ of different beings in the world. 

Commenting on the launch Mr. Ankit Agrawal, Co-Founder and CEO of InsuranceDekho, said: “We are aware that pets and their human parents share a close bond, and that even dogs occasionally find themselves in unexpected predicaments. We have launched Pet Insurance to help pet parents protect their furry babies in these trying times. India has an estimated pet population of 32 million pets growing at 12% yearly, with dogs making up almost 85% of the total population. We can infer that the number of dogs insured in India is also on the rise, giving us an immense opportunity to grow in the dog health insurance category.”  

Post covid, there has been a wave of pet parenting with millennials making up 31%, baby boomers 29%, Gen Xers 26%, and Genz and Builder generations making up the rest of the pet owner market in India. It is estimated that pet insurance (including cattle) in India will witness an increase of at least 14% to achieve $490 million at the end of the year 2022. Globally, the pet insurance market is anticipated to reach USD 32.7 billion by 2030.  

InsuranceDekho under their dog health insurance plans offers comprehensive coverage for over 25+ breeds of dogs, aged 6 months to 10 years. With this pet insurance plan, financial assistance is offered for expenses incurred by pet parents towards hospitalisation (including pre and post hospitalisation), treatment of terminal illness, and surgery, subject to certain terms and conditions which may vary from one insurance provider to another. The pet insurance policy as of now has a starting premium of about Rs. 324 annually. 

About InsuranceDekho 

Insurancedekho incorporated in 2016 and has been granted the license to act as a Direct Insurance Broker by the Insurance Regulatory Development Authority of India (“IRDAI”) in 2017, InsuranceDekho is an Insurtech startup by Girnar Insurance Brokers Private Limited. It enables its consumers to compare different insurance policies based on their requirements and helps them purchase the most suitable plan as per their needs. In FY 2022, InsuranceDekho clocked a business of Rs. 1000+ Crore in premium. The company currently has tie-ups with 45+ insurance companies offering 300+ plans on its platform. InsuranceDekho is headquartered in Gurgaon and has a presence across 1200+ cities.

HCL Technologies To Conduct Walk-In Drives In Karnataka For Class 12 Students

 

* Looking to hire 2000 freshers from the state 

HCL Technologies (HCL), a leading global technology company, is conducting walk-in drives across four cities of Karnataka under its flagship early career program ‘TechBee’ starting from August 2022. Such walk-in drives are being organized to create opportunities for Class 12 students to get financial independence.  

HCL Technologies continues to expand and grow and looking to hire over 2000 fresh talents from Karnataka.  

The program was piloted in Karnataka last year and the company is enhancing its focus in the state from the success of the pilot. 

To offer bespoke training and mentoring program, HCL Technologies has signed an MoU (Memorandum of Understanding) with Karnataka Skill Development Corporation (KSDC) to train tech-savvy, enthusiastic individuals seeking to accelerate their careers in IT. 

TechBee, HCL Technologies’ Early Career Program, is a work-integrated higher education program that contributes to the “Skill India” mission of the government. As a part of HCL’s new people strategy, the program offers IT engineering jobs by equipping the selected 10+2 students with future-ready skills. 

HCL Techbee program prepares students technically and professionally for entry-level IT jobs in HCL, where candidates undergo intensive 12-month training. The students also get an opportunity to do an internship on HCL projects. While working at HCL, students may also enroll in an undergraduate Degree program offered by reputed partner institutions like BITS Pilani, SASTRA University and Amity University.  

After completing the one-year TechBee training program, students earn a salary between INR 1.70 – 2.20 lakhs per annum. As a part of the program, selected students get an assured job at HCL Technologies upon completing the training program comprising classroom training and an internship. The internship comes with a stipend of INR 10,000.  

Students who have completed Class XII in 2021 or 2022 with minimum 60% with Mathematics or Business Mathematics in their curriculum can apply. 

Eligible candidates will appear for an Online Career Aptitude Test (HCL CAT). Those who clear the test would be invited for an Interview discussion, after which HCL will issue a Letter of Intent/offer letter. HCL CAT is an online assessment test designed to check your aptitude in areas of Quantitative Reasoning (Mathematics), Logical Reasoning, and the English language. 

The fee for the training program is INR 1,00,000 + Taxes. Loans for the tuition fees are enabled through partner financial institutions repayable through EMI.  

On this occasion, Mr. Subbaraman B, Vice President, HCL Technologies, said, “We feel proud to partner with KSDC as this enable students from the rural areas an opportunity to work with us and our global clientele. TechBee started in 2017 to hire the best talent and enable them to achieve financial independence at the start of their career. So far, over 8,000 students have been selected for the TechBee program and are in various stages of their career journey with HCL. We have observed a lot of interest and potential in students in Karnataka and the other adjoining states. That is why we chose to do these walk-in drives in the state.” 

Honda Cars India Registers 6,784 Units Of Domestic Sales In July’22

Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered monthly domestic sales of 6,784 units with a growth of 12% in July’22 over last year. The export numbers for HCIL stood at 2,104 units in July’22. The company had registered 6,055 units in domestic sales and exported 918 units in July’21.   

Sharing thoughts on the July’22 sales performance, Mr. Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said, “We have witnessed a good demand trend in last few months across model line-up. Unfortunately, the ongoing chip shortage continues to impact and slowdown our supplies. We are diligently aligning our production to meet the demand as quickly as possible.” He further added, “On a cumulative basis, HCIL sales have grown by 40% over last year. As we approach the festive period, we hope that the demand will continue to stay strong and bring in the much needed festive cheer for the industry after the challenging situation last year.” 

About Honda Cars India Ltd. 

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, was established in December 1995 with a commitment to provide Honda’s passenger car models and technologies, to the Indian customers. HCIL’s corporate office is based in Greater Noida, UP and its state-of-the-art manufacturing facility is located at Tapukara, District. Alwar, Rajasthan.  

The company’s product range include Honda Jazz, Honda Amaze, Honda WR-V, Honda City and recently launched Honda City e:HEV catering to diverse needs of its discerning buyers across different segments. Honda’s models are strongly associated with advanced design and technology, apart from their established qualities of durability, reliability, safety and fuel-efficiency. The company has a strong sales and distribution network spread across the country.  

Besides the new car business, Honda offers one stop solution for buying and selling pre-owned cars through its business function Honda Auto Terrace. The Honda Certified Pre-owned cars come with an assurance of quality and peace of mind that caters to the diverse and burgeoning needs of pre-owned car buyers across the country.