Inovalon Expands Global Reach With Opening of India Development Center In Hyderabad

* Presence in India Grows as Inovalon Increases Support for its Cloud Solutions

Inovalon, a leading provider of cloud-based software solutions empowering data-driven healthcare, today announced the inauguration of its India Development Center (IDC) in Hyderabad. With its global technology team based in the U.S., Inovalon has formally increased its capacity in India to deliver innovation for its customers.

For the last eight years, Inovalon has contracted an India-based team to work across the Inovalon enterprise, supporting each of its business units in product engineering and information technology. Effective 1 August, 2022, these team members are now fully employed by Inovalon, and the IDC is now the largest single engineering office at Inovalon.

“We are proud to officially welcome this exceptional group to our organization and are excited to expand Inovalon’s reach globally,” said Eron Kelly, President, Inovalon. “Inovalon’s technology team is focused on delivering cloud solutions the improve clinical outcomes and economics in healthcare, and the Hyderabad location will further support that approach. This site will be a prominent location for our technology team, and great source of talent,” he added.

“The Inovalon ONE® Platform brings together solutions from across the technology ecosystem, and the Hyderabad center is uniquely positioned to help drive that collaboration. We expect to utilize the IDC to continue to increase the team by 15% in size to support growth in capabilities and collaboration,” said Sanjay Kumar, Vice President, Technology, Inovalon, and head of the India Development Center.

Inovalon has partnered with ANSR, a Bangalore-based firm that helps companies build, manage and scale high-impact global teams, to set up the IDC in Hyderabad. Lalit Ahuja, Founder and CEO, ANSR, said, “ANSR is delighted to partner with Inovalon as they look to innovate new ways to handle and analyze healthcare data securely, at scale, and with increasing efficiency through investments in people and technology. The India Development Center will build on Inovalon’s commitment to tap India's world-class talent, further developing their skills and subject matter expertise.”

About Inovalon

Inovalon is a leading provider of cloud-based software solutions empowering data-driven healthcare. The Inovalon ONE® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by more than 20,000 customers and are informed by the primary source data of more than 69.5 billion medical events across one million physicians, 611,000 clinical settings, and 350 million unique patients. For more information, visit www.inovalon.com.

Leading FMCG Brands Join The Udaan Platform; Over 150 Leading Brands Joined The Platform In The Last Six Months

*  Brands to benefit from udaan’s extensive retailer network

·         FMCG category on udaan will have over 250 brands on the platform serving small retailers and kirana stores across Bharat

·         Retailers to benefit with a wide variety of products being offered on the platform

udaan, India’s largest business-to-business (B2B) e-commerce platform, today announced that over 150 leading Fast-moving consumer goods (FMCG) brands have joined the platform in the last six months. The reputed brands stand to benefit from udaan’s robust network across the country and a long-standing relationship that the company shares with small retailers and kirana stores. With the addition of these brands, the FMCG category on udaan will now have over 250 brands on the platform to serve small retailers and kirana stores across Bharat.

Over the last six months, the Essentials category on the udaan platform witnessed leading FMCG brands including Cipla Health, Perfetti Van Melle, Reynolds, Pidilite etc making available a range of products at affordable prices to the retailers on the platform. The FMCG category plans to expand its presence from 1200 cities currently to over 1500 cities, thus benefiting both the brands as well as retailer partners on the platform while enjoying the benefits of e-Commerce scale.

Vinay Shrivastava, Head - FMCG Business, udaan said, “The rapid pace of digitisation and technology adoption across Bharat has resulted in leading FMCG brands joining the udaan platform to expand their distribution network in a cost-effective manner. We are delighted to lead this shift and emerge as the preferred partner for these brands and helping them tap the huge opportunity that the retailers across Bharat. We look forward to enabling more national and regional brands to grow their business while empowering small retailers and kirana stores of Bharat with a range of products at affordable and transparent prices.”

udaan is a one stop solution for all business requirements in B2B space. It has built inclusive tech tools for Bharat, specially catering to the needs of brands, sellers, retailers & manufacturers providing them a level playing field to scale, trade and grow their business.

udaan currently has a network of over 3 million registered users and 25-30,000 sellers across 1200+ cities in the country covering more than 12,000 pin codes. The platform has over 3 million retailers, chemists, kirana shops, HoReCa, farmers, etc. doing over 5 million transactions per month, making udaan a leader in the b2b eCommerce business.

udaan enables small manufacturers and brands to market and sell their products across the country at low cost. While doing so it enables small businesses such as shopkeepers, kirana, restaurants, street vendors, chemists, offices, small factories, contractors etc. to source from a large selection of products at great prices.

udaan has invested across different pillars of business - technology, supply chain, category, credit, people, compliance - to accelerate and strengthen capabilities to serve its customers better. The company has also undertaken various initiatives to enhance overall customer experience by leveraging deep customer analytics as well as improving the speed of the app.

FTH Daily Enables Uninterrupted Delivery Amid Torrential Rains In Bengaluru

 

-         FTH Daily deploys tractors to deliver in locations where two-wheelers or three-wheelers are unable to wade through the roads 

-         The 1000+ strong delivery fleet is put into action to ensure timely and uninterrupted delivery of orders 

-         FTH Daily committed to timely delivery even during the tough hours

: Amid torrential rains in Bengaluru, delivery partners of FTH Daily, an initiative of FreshToHome, are enabling early morning deliveries to customers in rain-affected locations. With the ongoing monsoon throwing life out of gear in many pockets of East Bengaluru, FTH Daily has strengthened its partner delivery fleet to ensure thousands of FTH Daily customers in these locations have uninterrupted access to daily nutritional essentials.

FTH Daily enables delivery of more than 10,000 orders per day across several locations in East Bengaluru and hundreds of families who are FTH Daily customers reside in some of the worst-hit areas like Bellandur, Marathalli, Munnekollal, Sarjapur, and surrounding locations. To ensure delivery is not hampered, FTH Daily, through partner vendors, has leveraged its 1000 strong delivery partners deploying tractors in flooded areas where bikes and 3 wheelers cannot navigate through the water-laden roads.

Commenting on the normalcy in timely delivery of orders, Shan Kadavil, Co-Founder, FreshtoHome, said, “Bengaluru has witnessed the highest rainfall of September and is said to be the city’s wettest September since 2014. It’s disheartening to see thousands of people stranded at home and on roads. We are in solidarity with all the citizens who are affected due to the continuous downpour. Aware of the inconvenience to people, FTH Daily has strengthened its delivery fleet to ensure our customers may not have to endure further discomfort without basic essentials like milk, vegetables, fruits, and groceries. Despite the heavy showers, our delivery partners are ready to serve the customers of FTH Daily.”  

Widely popular for its sunrise delivery, FTH Daily has been instrumental in enabling the delivery of farm-fresh fruits and vegetables that are directly sourced from neighborhood farmers in Hoskote, Nanjangud, Ramanagara, Kanakapura, HD Kote, and other surrounding regions to Bengalureans before 7.30 am every day.

Sharath, K.N, a delivery executive, said, “We understand timely delivery of orders is a big relief to families who are stranded at homes. When families thank us for delivering their orders even when there’s heavy showers, we are deeply touched by their gesture. We are committed to delivering orders at the earliest hour, despite the challenges, and we will continue to do so even if the rain continues.”

MG Motor India Associates With RV College of Engineering; Introduces An EV Certification Course For Academic Upskilling

 ·      An MG Nurture program, the initiative focuses on fostering the skill development of students and bridging the industry-academia gap

·      MG - ZS EV made available to the college for an immersive learning experience in addition to providing support in educational material and training modules

·      The program aims to promote diversity and encourage women empowerment

MG Motor India today announced an association with RV College of Engineering, Bangalore, where it shall introduce an EV training certification program under the MG Nurture initiative. ‘MG-RVCE Nurture Program on EV’ is a specialized advanced diploma program on EV and advanced technologies (IoT, connected cars) to bridge the industry-academia gap and to empower students.

The certification is a total 5-month offline training course including90 days internship at a nearby MG dealership. The offline course will be conducted at the newly inaugurated Centre of Excellence- a lab cum workshop established with support from MG.Aligning with MG’s key brand pillar; Diversity and Inclusion, the EV certification course acknowledges the essential need for inclusion in the OEM sector and proposes 100% scholarship for promising female candidates.

Speaking on the occasion, Mr Rajeev Chaba, President and Managing Director, MG Motor India, said, “The EV ecosystem in India has an exponential scope for development and, with this academic collaboration, MG furthers its commitment to creating an equitable pool of talent and a future-ready generation. This collaboration will provide an immersive and experiential learning opportunity for students by enabling practical insights and helping them develop the requisite expertise in the automobile industry.”

Dr KN Subramanya, Principal, RV College of Engineering said, “The introduction of the EV program has the potential to reform the resources that academia is equipped with at the current stage. The course is well balanced with theory and practical knowledge, and this will enhance the employability and aid in the overall personality development of any candidate. MG is a leading name in India’s EV industry and manufactures some of the most advanced vehicles in the country. We are excited to collaborate with the brand since it will help the working professionalsto learn and grow.”

The course has been launched under MG Nurture, a continuation of MG’s student development program, wherein the brand provides internship and skill development opportunities to students in the automotive space. MG continues to be open to academic collaborations and has presented vehicles to various renowned institutions for the development of their students. MG also extended the Nurture program to support medical and engineering students who returned from Ukraine.

While RV College of Engineering in Bangalore is the first such partnership for an EV course with MG, there are plans to launch similar certification programs subsequently across India in other top educational institutes.

eClerx Services Ltd: Confident On Double-Digit Growth In FY23

BUY

CMP: Rs2138  

Target Price: Rs2400

* Management expects growth momentum to remain healthy in the near term on account of robust Q1FY23, healthy deal wins, and a strong deal pipeline, leading to double-digit revenue growth in FY23.

* eClerx is not facing any client-specific issues in its top clients which augurs well for growth sustainability. However, management remains watchful due to delay in decision making observed in certain pockets in recent months and overall macro uncertainties.

* Reported EBITDAM declined ~750bps QoQ to 23.3% in Q1 due to wage hikes, increase in offshore bench, and additional earnout payment for Personiv. Management expects adjusted EBITDAM to remain at the lower half of the guided range of 28-32% for the next couple of quarters due to the likely increase in travel and return-to-office costs.

* We have tweaked our FY23-FY25 EPS estimates by -3.4% to 2.4%, factoring Q1 performance and FY22 annual report. eClerx is likely to maintain steady operating performance in the near term, while uncertainties prevail over CY23 growth trajectory due to macro factors. We maintain Buy with a TP of Rs2,400 at 15x Sept'24E EPS, considering near-term demand tailwinds, steady cash generation, prudent capital allocation, and reasonable valuations.

Handover Of The 100,000th 'Made In India' BMW Car

Mr. Vikram Pawah, President, BMW Group India handing over the keys to Mr. Anil Chawla and Mr. N S P Chawla, the proud owners of the 100,000th 'Made in India' car.

Dr. Agarwal’s Eye Hospital Organized Walkathon In Bengaluru To Raise Awareness About Eye Donation

Dr. Agarwal’s Eye Hospital organized a Walkathon in Bengaluru to raise awareness about eye donation as part of the ongoing National Eye Donation fortnight. More than 100 students from Sri Aurobindo College, doctors’ and members of the public walked from Rajajinagar Metro Station to the college, carrying placards, encouraging people to take pledge to donate their eyes.  

The Walkathon was flagged off by Kuldeep Kumar R Jain (IPS), DCP, Traffic West Division, Bengaluru, and L. Nagesh (KSPS), ACP, Traffic North Sub-Division, Bengaluru. Forms for eye donation were handed over to them to encourage traffic police personnel to pledge to donate their eyes. Dr. Agarwals Eye Hospital also organised awareness programs like cyclothon in various other parts of Bengaluru, Mysore & Hubli-Dharwad. 

Said Dr. Devaraj M, Medical Director and Senior Consultant, Dr. Agarwals Eye Hospital, Bengaluru: “About 9.5 lakh individuals in Karnataka suffer from blindness, and more than one lakh people are on the waiting list to receive a corneal transplant. Lack of awareness about eye donation is the main reason for low collection of donor corneas in the country. This week-long campaign by Dr. Agarwals Eye Hospital is an attempt to make people understand the importance of eye donation. We are appealing to each Indian to come forward to donate their eyes so that the curse of corneal blindness can be eradicated, and many more people can get the gift of eyesight.” 

Said Kuldeep Kumar R Jain (IPS): “I am delighted to be a part of this noble initiative to create awareness about eye donation in the state. Today, I also pledge to donate my eyes to give a chance to someone visually impaired to experience the delights of our beautiful world.”  

Added L. Nagesh (KSPS): “Eye donation should be made popular in every state in India, and everybody should come forward to pledge their eyes. Renowned Kannada actor Puneeth Rajkumar is a good example for all of us. His corneas were transplanted in four corneal blind patients, giving them the ability to see. He followed the footsteps of his father, Dr. Rajkumar and mother Parvathamma Rajkumar, in donating their eyes after their death.  

Due to their impact, we saw many more people coming forward to pledge their eyes.” 

Said Dr. Devaraj M: “Every citizen of India can be an eye donor, irrespective of age, caste, creed, sex, religion, or blood group. Even those suffering from refractive errors and wearing glasses or contact lenses can become eye donors. People who underwent cataract surgery and those who are suffering from systemic diseases such as diabetes, hypertension, heart or kidney disease can also donate their eyes.” 

More than 15 million blind people live in India, out of which 3.5 million suffer from corneal blindness, with 40,000 new cases being added each year. Even though one eye donor can give sight to four corneal blind persons, there is a huge demand-supply gap. According to the National Blindness & Visual Impairment Survey 2019, corneal blindness is the major cause of blindness in patients aged less than 50 years, accounting for 37.5 % of the cases, and the second most important among those aged more than 50 years. Majority of cases of corneal blindness can be corrected through a corneal transplant.  

About Dr. Agarwal’s Eye Hospitals: 

Dr. Agarwal’s Eye Hospital a comprehensive eye hospital offering a one-stop solution for eye ailments; was started in the year 1957. Now the hospital is in its 61st year of offering quality services in eye care. It has 120+ hospitals across India. With a visible footprint in the states of Karnataka, Andhra Pradesh, Telangana, Kerala, Odisha, Maharashtra, Gujarat, Andaman, West Bengal, and Rajasthan. A tertiary eye care centre at Mauritius marks its first step towards establishing an international presence extended up to 13 branches covering the Indian Ocean region, African countries, and East Asia.  

For more information, pls visit: http://www.dragarwal.com  

Photo Caption:  Walkathon Flag off by L Nagesh ACP, Traffic North Sub Division Bengaluru.