Tuesday, January 10, 2023

Nutrients To Attain Better Immune Health In 2023 Across India


Start your new year on a strong note by making a new year resolution to attain better immune health. Good nutrition is critical to support a healthy immune system.  There is a strong relationship between poor nutritional status and compromised immunity.[i]

Getting the nutrients, you need is a must for better health. For people with lifestyle diseases like diabetes, good nutrition is also a steppingstone to glucose control. To keep tabs on how your increased nutrient intake helps you manage your condition, you can also monitor your progress with continuous glucose monitoring devices. These convenient wearable devices with accessible, user-friendly design help people with diabetes track their blood sugar levels and understand how their bodies react to specific foods and nutrients, exercises, and more. With a small sensor applied to the back of your arm, these devices offer actionable insights into glucose readings and trends, and can alert you to glucose fluctuations in real-time, which you can swiftly address.  

By boosting your immunity, you can benefit from better health. This holds true for both the ageing population as well as those with long standing health conditions, like ones affecting the respiratory tract, liver, arthritis, diabetes etc who must be even more vigilant to avoid muscle loss and weakened immunity. 

To help you attain better immune health, Dr. Irfan Shaikh, Head, Medical & Scientific Affairs at Abbott’s Nutrition business lists down important nutrients and their sources that can keep you strong:

HMB (Beta-hydroxy-beta-methylbutyrate) acts as a gateway to help keep your muscles in balance by slowing muscle breakdown or loss. It is naturally produced in your body from break down of leucine, an essential amino acid, but only small amounts of this gets converted to HMB in the body.- As scientific as that sounds HMB has been part of your diet for a long time without you even knowing about it. It is available in small quantities in foods like avocado, grapefruit, and cauliflower. Specialized oral nutrition supplements featuring HMB are good supporting add-ons to ensure that you get the adequate amount of it needed to support muscle health. 

Protein provides the building blocks for each cell in the body like muscles, bones, hormones, antibodies etc. It is needed for the building of antibodies and immune system cells.  Also, some of the amino acids that make up proteins are important fuels for cells in the immune system. While eggs are an excellent source of protein, foods such as chickpeas, cottage cheese, quinoa, Greek yogurt, peanuts, and almonds also help increase protein intake. Not to forget dairy and dairy products.

Vitamin A helps regulate the immune system. Known as the “anti-infective vitamin, this nutrient keeps your skin, mouth, stomach, and lungs healthy so that they can better fight infection. It’s also key for sharp vision. Consume it with some fat for better absorption. Sweet potato, pumpkin, carrots, and spinach are loaded with Vitamin A.

Vitamin C helps the body build healthy skin and connective tissue, which helps to block the entry of foreign microbes. Vitamin C also acts as an antioxidant protecting cells from damage. It also helps protect against anemia by helping us absorb more iron from plant foods. Oranges are best known as sources of Vitamin C. However, apart from that, certain foods power-packed with Vitamin C are kiwis, strawberries, broccoli, tomatoes, cauliflower, and red peppers.

Vitamin E works as an antioxidant, protecting cell membranes from damage due to free radicals. Healthy cell membranes help keep foreign microbes out and support a healthy immune response. Vitamin E is a common nutrient found in most foods. Cooking oils, seeds, and nuts are exceptionally rich sources.

Vitamin D helps to activate immune cells and properly regulate their function. This multitasking nutrient helps our bodies absorb calcium and it promotes a strong immune system. There are few foods that are naturally rich in vitamin D3. Some of the sources are flesh of fatty fish and fish liver oils, egg yolks, orange juice and cheese.

Zinc is needed for wound healing and for cellular reproduction, which is important in the synthesis of new immune system cells. Zinc is also critical for proper growth and development, especially during childhood, adolescence, and pregnancy. Meat is an excellent source of zinc especially red meat. For vegetarians, food like chickpeas, lentils and beans all contain substantial amounts of zinc. Seeds are also a healthy addition to your diet and can help increase your zinc intake.

Fluids and Electrolytes: Consuming adequate fluids (water) and electrolytes such as sodium, potassium and chloride help regulate the body’s temperature.  They lubricate joints, keep cells and tissues healthy, remove waste products and help the body hold on to fluids for even better hydration. Many foods and drinks contain electrolytes including leafy green vegetables like spinach, kale and fruits like bananas, prunes, and dried apricots. Apart from this, beans, lentils, nuts, sand seeds also contain substantial levels of electrolytes

People who are at the highest risk for compromised immune health are those who do not get adequate amounts of food in their diets, do not have access to foods with key nutrients, are malnourished, or have certain health conditions that may require additional nutrition support. With better health habits, you can lead a fuller life.

Godrej Agrovet Becomes First Company To Receive Indian Oil Palm Certification Under The Indian Palm Oil Sustainability (IPOS) Framework


Godrej Agrovet Ltd. has become the first company in the country to be awarded a verification Certification under the Indian Palm Oil Sustainability (IPOS) Framework, issued by an independent international certification body, in recognition of the sustainable practices adopted by its oil palm business.

The certification was presented to the Chief Executive Officer of Godrej Agrovet’s Oil Palm Plantation business Mr. Sougata Niyogi.

India, the world’s largest consumer of palm oil, is pushing ahead with its own ambitious plans to boost its production of the commodity.

The IPOS Framework, established by the Solvent Extractors Association of India with assistance from Solidaridad, the Indian Institute of Oil Palm Research, and SOPOPRAD, has been created for the Indian industry and lays down a set of environment friendly, economically viable and socially beneficial practices and guidelines.

It is aimed at facilitating the well-being of farmers while ensuring that the growth is sustainable from environmental & social perspectives.

Godrej Agrovet’s CEO, Oil Palm Plantation, Sougata Niyogi said “With more than thirty years of experience in the oil palm business, Godrej Agrovet is the largest developer and producer of Crude Palm Oil in India. The business plays a vital role in driving sustainability agenda in the production of Oil Palm and has therefore strived towards educating farmers on sustainable palm oil cultivation practices on a continuous basis. This certification is a result of our commitment in supporting farmers to enhance their farm management skills that lead to improved productivity. We are grateful to the Indian Palm Oil Sustainability Framework (IPOS) for recognizing our efforts and look forward to achieving greater milestones in the near future”

Over the years, Godrej Agrovet has developed plantations across Andhra Pradesh, Telangana, Tamil Nadu, Goa, Maharashtra, Odisha, Gujarat, Chhattisgarh and Mizoram. Recently, Godrej Agrovet, has signed MoUs (Memorandum of Understanding) with Assam, Manipur and Tripura State governments for development and promotion of oil palm cultivation in the region under the National Mission on Edible Oils - Oil Palm (NMEO-OP) scheme. The MoUs signed are in line with the company’s long-term strategy to be the catalyst of India's edible oil mission through sustainable growth of oil palm production and doubling of farmers’ income.

About Godrej Agrovet:

Godrej Agrovet Limited (GAVL) is a diversified, Research & Development focused food and agri-business conglomerate, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. GAVL holds leading market positions in the different businesses it operates - Animal Feed, Crop Protection, Oil Palm, Dairy, Poultry and Processed Foods. GAVL has a pan India presence with sales of over a million tons annually of high-quality animal feed. Our teams have worked closely with Indian farmers to develop large Oil Palm Plantations, which is helping in bridging the demand and supply gap of edible oil in India. In the crop protection segment, the Company has strong presence in the B2B segment through its subsidiary Astec Lifesciences and through its extensive distribution network pan-India delivers innovative agrochemical offerings catering to the entire crop life-cycles. In Dairy and Poultry and Processed Foods, the company operates through its subsidiaries Creamline Dairy Products Limited and Godrej Tyson Foods Limited. Apart from this, GAVL also has a joint venture with the ACI group of Bangladesh for animal feed business in Bangladesh.

For more information on the Company, log on to www.godrejagrovet.com.

Bengaluru Records Highest Annual Office Transactions Across Markets in 2022; Residential Market Registers 40% Growth: Knight Frank India


* The city registers a rental growth of 11% YoY; highest across the top eight markets of India

* Sales of units above INR 10 mn increased significantly

* The quarters-to-sell (QTS) declined to historical low of 5 quarters

In Knight Frank India’s latest report, India Real Estate – Residential and Commercial (July – December 2022), it is noted that Bengaluru remained the top performer in office leasing, registering 14.5 mn sq ft of office leasing volume, a 19% annual growth in the year 2022. The city accounts for 28% of the total office transactions across the top eight markets in India.

Bengaluru’s residential market recorded housing sales of 53,363 units, a significant 40% YoY growth in the calendar year (CY) 2022. New launches also saw a substantial rise of 42% YoY with the addition of 43,420 units in 2022. The weighted average price for the region grew by 7% YoY, highest amongst the top eight markets of India. The strong sales momentum also helped in the decline of quarters to sell (QTS) to 5 quarters, which is a historical low for the city.

Shantanu Mazumder, Executive Director – Bengaluru, Knight Frank India said, “Bengaluru’s residential segment remained vibrant, enduring multiple headwinds arising from the Omicron wave in the early months of the year, followed by a steep rise in raw material cost, consumer inflation and a rapid rise in home loan rates. The resurgence of the city’s residential market translated to a strong price rise too in the year 2022.”

Commenting on the office segment, Shantanu Mazumder said “Bengaluru remained the top office market recording the second-best leasing volumes in the last decade, despite challenges like continuation of work from home and hybrid models amongst the largest occupier sector – IT/ ITeS. Strong start up ecosystem and expansion of new age companies like e-commerce and EdTech and fin-tech kept demand buoyant. However, the second half of the year saw leasing pace reduce due to economic uncertainties in global markets, especially in the USA. This trend may last for a couple of more quarters post which the leasing momentum will regain its pace.” 

Knight Frank India today launched the 18th edition of its flagship half-yearly report - India Real Estate: 2022 – which presents a comprehensive analysis of the residential and office market performance across eight major cities for July-December 2022 (H2 2022) period.

RESIDENTIAL MARKET HIGHLIGHTS OF BENGALURU

Buyer sentiment remained strong into the second half of the year despite a sharp rise in interest rates. Bengaluru’s residential market recorded sale of 26,686 units in H2 2022 registering a 15% growth in a year, while residential launches of 22,197 units was recorded in the same period. Although the launches grew significantly by 29% YoY during this six-monthly period, when measured sequentially (H2 2022 compared to H1 2022), the second half grew momentum of sales and launches in the city.

The average weighted average price of residential units in Bengaluru has increased by 7% YoY to INR 5,511 per sq ft in H2 2022 attributed to strong demand trends along with a rise in the cost of construction.

RESIDENTIAL MICRO MARKET WISE ASSESSMENT

South Bengaluru remained the most popular micro-market garnering a share of 46% of the residential sales in the city during H2 2022. Housing demand in this cluster remained steady due to the proximity of prominent tech parks and employment clusters located at Electronic City and Outer Ring Road (ORR). East Bengaluru was another sought-after region for residential demand in Bengaluru. The demand, which was primarily concentrated in Whitefield, K R Puram, etc. gradually expanded to peripheral areas of micro-markets such as Hoskote.

BENGALURU TICKET SIZE SPLIT COMPARISON OF SALES DURING H2 2021 AND H2 2022

Sale of high end units costing more than INR 10 mn strengthened significantly and grew to be 28% in 2022 from mere 14% in 2018. The growth in the high paying information technology sector and consistent expansion of start-ups and unicorns in the city boosted the earnings of the population in Bengaluru leading to this rise.

OFFICE MARKET HIGHLIGHTS OF BENGALURU (H2 2022)

Office volumes in Bengaluru moderated during H2 2022. The precautionary stance of occupiers due to headwinds arising from economic uncertainties has impacted the office space leasing with Bengaluru registering 6.8 mn sq ft of leasing recording a 22% YoY decline in H2 2022. However, new supply of office space remained robust with the city recording a rise of 45% YoY with an addition of 9.8 mn sq ft in H2 2022.

The prominent Information Technology (IT) sector, a strong start-up ecosystem, and the expansion of new age companies in sectors like e-commerce, fin-tech and ed-tech has buoyed the demand for office leasing in the city. Supply infusion of office space in in 2022 was recorded at 15.6 mn sq ft, higher by 31% over the preceding year.

Healthy demand for occupancy during the year has led to a spike in rent in the city. The average transacted rentals for Bengaluru surged by 11% YoY to INR 81/sq ft/month in 2022.

Co-working sector recorded maximum leasing volume accounting for 27% of all the transactions in the city during H2 2022. Other services sector, Manufacturing and BFSI sector too witnessed an acceleration in the leasing volumes in H2 2022. Other services sector which comprises of education, healthcare, consulting etc. recorded an increase in total share from 15% in H2 2021 to 22% in H2 2022. Manufacturing and BFSI sectors too grew substantially from 11% in H2 2022 to 17% in H2 2022 and 5% in H2 2021 to 11% in H2 2022 respectively. However, due to apprehension on tech sector due to economic headwinds in key client markets such as the US and UK, the leasing momentum from the IT sector moderated from 46% in H2 2021 to 23% in H2 2022.

BUSINESS DISTRICT WISE TRANSACTIONS SPLIT IN H2 2021 AND H2 2022

Outer Ring Road (ORR) dominated with 38% of the total office space leasing volume during H2 2022. ORR continues to be an attractive micro-market as the location includes many established business parks set up by Grade A developers with quality space and convenience provided for the occupiers. Peripheral Business District (PBD) East registers the second largest share of 33% of total office space leasing volume. From a mere 10% leasing share in 2017, the demand for office space in this region has significantly increased in the last 5 years. Development of infrastructure has impacted both leasing and addition of new office spaces in PBD East.

Source: Knight Frank Research

The average transacted rentals for Bengaluru surged by 11% YoY to INR 81/sq ft/month in 2022. PBD East and PBD North were the two key markets which witnessed a sharp rise in rents. The demand for office space in PBD North has picked up significantly in the last few years with increased deals in Yelahanka and Thanisandra.

Take The Grand Leap: The New BMW 3 Series Gran Limousine Launched In India


* Largest and most spacious car in the segment: Enhanced roominess in the rear boosted with Panoramic glass sunroof.

* Luxurious cabin experience and comfort with bespoke interiors and innovative digital features.

* BMW ConnectedDrive Technology: Widescreen Curved Display with latest BMW Operating System 8.

* Most powerful engine in its class: Thrilling performance, unbridled throttle.

* #TakeTheGrandLeap #GrandnessElevated #BMW3SeriesGranLimousine

BMW India has launched the new BMW 3 Series Gran Limousine in the country. Locally produced at BMW Group Plant Chennai, the car is available in both petrol and diesel variants at all BMW India dealerships.

The new BMW 3 Series Gran Limousine takes on the position of the longest, most spacious and comfortable car in its segment. It offers superlative luxury, extraordinary driving dynamics and incredible innovations.

Mr. Vikram Pawah, President, BMW Group India said, “The immensely successful BMW 3 Series Gran Limousine possesses all those special qualities that the heart of Indian luxury consumers desires. Its unique blend of dynamic sportiness for the driver and unmatched luxury for passengers makes it unique in its segment. The new 3 Gran Limousine is all set to take a grand leap forward with its refreshed design, an extensively modernised spacious ambience, and numerous advances in the areas of digitalisation. Pioneering BMW ConnectedDrive technology and the most powerful engine in its class distinguish it from the rest. It delivers Sheer Driving Pleasure and indulges in superlative luxury, making it a perfect choice for individuals as well as the family.”

The locally produced new BMW 3 Series Gran Limousine is available in one diesel variant and one petrol variant. The ex-showroom prices are:

BMW 330Li M Sport        -       INR 57,90,000

BMW 320Ld M Sport       -       INR 59,50,000

Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but exclude Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price / options are subject to change without prior notice. For further information, contact an authorised BMW dealer.

The new BMW 3 Series Gran Limousine is available in four exciting metallic paintworks – Mineral White, Skyscraper grey, Carbon Black and Portimao Blue. The choice of upholstery combinations includes Leather Vernasca Cognac | Black and Mocha | Black.

Thanks to BMW India Financial Services, customized and flexible financial solutions are designed as per individual financial requirements. BMW 360? financial services offers attractive monthly outflow starting from INR 59,999*, assured buy-back plan up to five years with flexible term-end options.

Service Inclusive and Service Inclusive Plus further reduce cost of ownership. Customers can choose from a variety of service plans according to duration and mileage. The packages cover Condition Based Service (CBS) and maintenance work with plans Starting from 3 yrs / 40,000 kms, package extension available up to 10 yrs / 2,00,000 kms. Service Inclusive packages for the new BMW 3 Series Gran Limousine start from INR 53,100 for petrol variants and INR 59,118 for diesel variants. Additionally, the packages can be extended during the run time by just paying a differential amount. Repair Inclusive extends warranty benefits from third year of operation to maximum five year, after the completion of the standard two-year warranty period. For 3 years, unlimited mileage on the new BMW 3 Series Gran Limousine, it costs INR 60,534 for both petrol and diesel variants.

The new BMW 3 Series Gran Limousine

The enhanced exterior body design features are more expressive and powerful than ever. The chrome-double bars on the BMW Kidney Grille highlight the bold sporty appearance of the new BMW 3 Series Gran Limousine. The standard full-LED headlights are now much slimmer, with clear contours and daytime driving lights arranged in an inverted L shape to create a harmonious and modern look. The outer daytime driving light elements also serve as turn indicators. The unique character in long-wheelbase guise stems from an extra 110 millimetres of wheelbase and the associated increase in seating comfort and legroom in the rear compartment. Encompassing an exterior length of 4,823 millimetres and a 2,961-millimetre wheelbase, the exterior dimensions of the new BMW 3 Series Gran Limousine outstrip those of any other car in its class. The model’s stretched silhouette underscores its inherent elegance and hints at the enviable spaciousness of the interior.  The M Sport package additionally includes a bespoke configuration for the interior, with features such as an anthracite-coloured headliner, an M leather steering wheel, M-specific seat surfaces and interior trim strips in the new Aluminium Rhombicle Anthracite finish creating a sporting ambience.

The newly redefined interior offers a modern space with a focus on driving enjoyment. High quality materials, precise build quality and numerous meticulously crafted details set the tone for the refined premium character of the four-door sedan. The progressive design of the cockpit is accompanied by a larger surface for the interior trim strip integrated into the instrument panel. Added to which, the car comes with illuminated door sill plates. The driver and front passenger settle into electrically adjustable Comfort Seats with Sensatec door trim. The modern design of the centre console with galvanic embellisher adds to the cabin’s premiumness. Filling up the cabin with a sense of spaciousness is the large Panorama sunroof. Ambient Lighting with six dimmable designs creates an atmosphere for every mood. In another model-specific feature, the ambient lighting also includes an illuminated contour strip on the back of the front seats. The three-zone automatic climate control with active carbon filters optimizes air quality. The optimised acoustic properties reduce noise levels and make the journey peaceful.

Thanks to unrivalled BMW TwinPower Turbo technology, the petrol and diesel engines meld maximum power with exemplary efficiency and offer spontaneous responsiveness even at low engine speeds. The two-litre four-cylinder petrol engine of the BMW 330Li produces an output of 258 hp and maximum torque of 400 Nm at 1,550-4,400 rpm. The car accelerates from 0 -100 km / hr in just 6.2 seconds. The two-litre four-cylinder diesel engine of the BMW 320Ld produces an output of 190 hp and a maximum torque of 400 Nm at 1,750 – 2,500 rpm. The car accelerates from 0 -100 km / hr in just 7.6 seconds.

The eight speed steptronic sport automatic transmission performs smooth, almost imperceptible gearshifts. At any time, in any gear, the transmission collaborates perfectly with the engine, enabling it to develop its full power and efficiency. For even greater driving pleasure, it comes with steering wheel paddle shifters and cruise control with braking function. Using Launch Control, ambitious drivers can achieve maximum acceleration with optimized traction from a standstill. Using the Driving Experience Control switch, the driver can choose between different driving modes to suit the driving conditions - ECO PRO, Comfort, Sport

The new BMW 3 Series Gran Limousine features the new BMW Curved Display which brings extra modernity, advanced digital services and has been treated to a comprehensive update. It operates on the latest BMW Operating System 8. A host of BMW ConnectedDrive technologies continue to break the innovation barrier in automotive industry. Modern cockpit concept BMW Live Cockpit Plus includes 3D Navigation, a 12.3-inch digital instrument display behind the steering wheel and a 14.9-inch Control Display. Innovations of the new BMW ConnectedDrive turn the car into an interconnected device creating a digitally connected environment for the customers. BMW ID acts like a central login securely synchronising data and is automatically linked to the smart My BMW App, a new universal interface for all requirements in the BMW ecosystem. Customers can plan their next trip, check the status of their BMW, set personalised car settings, book the next service appointment or use one of the numerous remote-control functions – all conveniently from a smartphone. The car is always up to date with the latest functions and digital products being brought over-the-air through BMW Remote Software Upgrades.

Occupants can operate numerous car functions simply by speaking to their BMW Intelligent Personal Assistant. The smartphone holder integrated into the centre console allows inductive, Wireless Charging for mobiles. Smartphone connection via Wireless Apple CarPlay® / Android Auto opens up access to a range of functions and apps. The car has a Harman Kardon Surround Sound system with 16 loudspeakers. The central air vents positioned below the control display are now slimmer and more modern in design.

BMW Digital Key Plus sets a new standard in convenience. As soon as the driver approaches, doors automatically unlock, and a stylish welcome scenario commences with orchestrated lighting effect including a light carpet. Comfort Access System allows one to open the car door and start the engine without touching the key. Remote locking / unlocking is enabled via smartphone besides configuring top speed, engine power, maximum audio volume and more.

BMW EfficientDynamics includes features such as 8-speed Steptronic Sport Automatic Transmission, Auto Start-Stop, Brake-Energy Regeneration, Electronic Power Steering, 50:50 Weight Distribution and ECO PRO mode in Driving Experience Control.

BMW Safety technologies include six airbags, Attentiveness Assistance, Dynamic Stability Control (DSC) including Cornering Brake Control (CBC), electric parking brake with auto hold, side-impact protection, electronic vehicle immobilizer and crash sensor, ISOFIX child seat mounting and integrated emergency spare wheel under the load floor.

Tata Motors Group Global Wholesales At 3,22,556 In Q3FY23


The Tata Motors Group global wholesales in Q3FY23, including Jaguar Land Rover, were at 3,22,556 nos., higher by 13%, as compared to Q3FY22.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3FY23 were at 97,956 nos., lower by 5%, over Q3FY22. 

Global wholesales of all *passenger vehicles in Q3FY23 were at 2,24,600 nos., higher by 23% as compared to Q3FY22. 

Global wholesales for Jaguar Land Rover were 92,345 vehicles (**JLR number for Q3FY23 includes CJLR volumes of 12,754 units). Jaguar wholesales for the quarter were 16,275 vehicles, while Land Rover wholesales for the quarter were 76,070 vehicles.

*Includes sales of Tata Motors Passenger Vehicles Limited, a subsidiary of Tata Motors Limited.

**CJLR – It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR

Tata Consultancy Services Ltd Records Steady Operating Performance In Q3, 2023


HOLD

CMP: Rs3320  

Target Price: Rs3200

TCS delivered better than expected revenue growth in Q3, while margins came a tad below our expectations. Revenue grew 2.9% QoQ to USD7.1bn (2.2% CC) in a seasonally-soft quarter, driven by cloud, ERP and cyber security services as well as market-share gains through vendor consolidation. Continued traction in regional markets (~6% CC QoQ growth for a second quarter in a row; inherently more volatile) largely explains the revenue beat. Deal-closure activity (deal intake TCV of USD7.8bn; book-to-bill at 1.1x) exhibited some moderation due to slower decision-making, although the deal pipeline build-up has remained healthy so far. Management remains watchful in the near term, considering heightened macro uncertainties; however, it reiterated confidence on accelerating revenue growth, once uncertainties abate. We tweak our earnings estimates for FY23-25 (<1% cut) post the Q3 performance and special dividend outgo. TCS is well placed to navigate the challenging demand environment, considering its well-diversified offerings across growth & transformation and cost takeout & efficiency projects; but this seems to be largely captured in the valuation, in our view. We retain HOLD with TP of Rs3,200/share at 22x Dec-24E EPS.

Results summary: Revenue grew 2.9% QoQ to USD7.1bn (2.2%/13.5% QoQ/YoY CC), beating our estimates. EBITM expanded ~50bps QoQ to 24.5% on the back of currency movement (+70bps) and operational rigor (+30bps; includes better utilization, realization, and reduction of external consultants costs), offset by increasing cost of normalcy (back-to-office and travel cost) and higher project-related third-party costs (-50bps). Net Profit stood at Rs108.5bn, lower than our estimate of Rs111.6bn on account of lower other income. Revenue growth was broad-based and led by Retail & CPG (18.7% CC YoY), Life Sciences & Healthcare (14.4%), Technology & Services (13.6%), Communication and Media (13.5%), Manufacturing (12.5%), and BFSI (11.1%). What we liked: Revenue beat, broad-based revenue growth, steady deal intake (TCV of USD7.8bn), dividend of Rs75 per share (incl. Rs67/sh special dividend). What we did not like: Sequential reduction in headcount after 10 quarters (headcount growth moderated to 10.2% YoY vs. 21.2% at the end of Q4FY22).

Earning call KTAs: 1) Cloud, ERP, Modernization & Security, Customer Experience, Connected Services and Managed Security were the themes that drove the growth in Q3. 2) Management expects near term uncertainties amid increased caution by clients in the USA, but is hopeful of return to normalcy in clients’ decision-making in the next few months. UK is showing resilience and is likely to remain steady, partly aided by market-share gain. Europe performance was held up in Q3, but outlook remains uncertain due to the macro situation. 3) Management highlighted that the manufacturing vertical is demonstrating better resilience than expected, but remains watchful considering the macro uncertainties, disruptions from supply-chain and energy prices. 4) It expects the FY23 exit-margin to be at ~25%. 5) Deal TCV for BFSI stood at USD2.5bn, Retail & CPG TCV at USD1.2bn and North America TCV at USD4.2bn in Q3FY23. 6) Headcount declined by 2,197 in Q3 due to focus on efficiency, aggressive hiring in prior quarters, and abating supply-side challenges. It expects the hiring trend to normalize in FY24, with gross hiring plan of 125k-150k. 7) The company added ~7,000 freshers in Q3 (~42,000 fresher addition in 9MFY23). 8) LTM attrition moderated to 21.3% vs 21.5% in Q2 and is likely to further taper down. Management indicated that quarterly annualized attrition moderated by ~6% QoQ.

Airtel 5G Plus Now Live In Bhubaneswar, Cuttack And Rourkela


* Powers The Kalinga And Birsa Munda Stadiums Ahead Of Men’s Hockey World Cup, 2023

* Promises to Offer massive speeds, best voice experience, will work on all 5G smart phones and be kinder to the environment

* No SIM change needed; existing Airtel 4G SIM is 5G enabled

* Existing data plans will work on 5G until roll-out is complete

Bharti Airtel (“Airtel”), India’s leading telecommunications services provider today announced the launch of its cutting edge 5G services in Bhubaneswar, Cuttack and Rourkela. The company has also deployed the ultrafast 5G services at the Kalinga & Birsa Munda stadiums in Bhubaneswar and Rourkela respectively that are hosting the forthcoming Men’s Hockey World Cup.

Airtel 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the roll out. Customers with 5G enabled devices will enjoy high speed Airtel 5G Plus network at no extra cost until the roll out is more widespread. 

Currently operational at Nandan Vihar, Prashanti Vihar, KIIT, Kalarahanga, Chandaka Industrial Estate, Infocity, Kanan Vihar Ph I & Ph II, Sailashree Vihar, Niladri Vihar, Gadakana, Shree Vihar, Chandrasekharpur, BDA Colony, East Coast Railway Colony, XIMB, Fortune Tower, Maitree Vihar, Jaydev Vihar, Ekamra Kanan Park, Jagannath Vihar, IRC Village, Kalinga Stadium, Beherasahi, Shastri Nagar, CRPF Square, Sum Hospital Area, Bharatpur, Khandagiri, Aiginia, Kalinga Nagar, Kalinga Vihar, Jagamara, Dumduma, AIMS Hospital, Patrapada, Acharya Vihar, Chakeisiani, Rasulgarh, Sahid Nagar, Satya Nagar, Kharavela Nagar, Master Canteen, Rajmahal, Bapuji Nagar, Forest Park, Ganganagar, Kalpana, BJB Nagar, Lewis Road, Ravi Talkies, Samantarapur, Bargada BRIT Colony, Laxmisagar, Chintamaniswar, Palasuni in Bhubaneswar & Balikuda, Gopalpur, Kalyaninagar, Balisahi, Rajendra Nagar, Nuasahi, Nayabazar, Mahanadi Vihar, Chauliaganj, OMP, Railway Station, Malgodown, Shankarpur, Badambadi, Dolamundai, Choudhury Bazar, Balubazar, Darghabazar, Machhuabazar, Beparisahi, Barabati Stadium, Chandimandir, Kanika Chhak, CDA Sector - 6, CDA Sector - 7, CDA Sector - 10, CDA Sector - 11 in Cuttack and Basanti Colony, Chhend, Birsa Munda Stadium, Jagada, Daily Market, Bandhamunda, Udit Nagar, Civil Township, Railway Station, Kalunga Industrial Area in Rourkela. Airtel will augment its network making its services available across the state in due course of time.

Commenting on the launch, Soumendra Sahu, COO – Odisha, Bharti Airtel said, “We are thrilled to power the two stadiums hosting the men’s hockey world cup.  While at the stadium, customers can experience superfast network that will allow them High Definition video streaming, multiple chatting, instant uploading of photos & videos and more. We are also launching our 5G services in the twin city of Bhubaneswar & Cuttack and Rourkela. Customers can now experience ultrafast network and enjoy speeds upto 20-30 times faster than the current 4G speeds. We are in the process of lighting up the entire state which will allow customers to enjoy superfast access to High-definition video streaming, gaming, multiple chatting, instant uploading of photos and more.”

Airtel 5G Plus will bolster the entire portfolio of services that Airtel offers. In addition, it will allow superfast access to High Definition video streaming, gaming, multiple chatting, instant uploading of photos and more. With this launch, India will get a fillip to economic growth as Airtel 5G Plus revolutionizes education, healthcare, manufacturing, agriculture, mobility and logistics.

In the last one year, Airtel has demonstrated the power of 5G with a host of powerful use cases that will change the way we lead our lives and do business. From India’s first live 5G network in Hyderabad to India’s first 5G powered hologram to India’s first recreation of a game changing world cup match played at a time when there was no TV coverage to India’s first 5G connected ambulance to India’s first private 5G network with Bosch for boosting manufacturing productivity, Airtel has been at the forefront of 5G innovation.

About Bharti Airtel Limited

Headquartered in India, Airtel is a global communications solutions provider with over 500 Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and CPaaS (Airtel IQ). For more details visit www.airtel.com

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