Rentokil PCI Acquires “Envocare Pest Control Solutions From SILA”

* Acquisition to strengthen Rentokil PCI’s position in the integrated pest control services 

Rentokil PCI, the leading pest control and hygiene service provider in India and known for its expertise in pest control, has acquired Envocare Pest Control Solutions, a Mumbai-based pest control service provider through a 100% asset deal, from parent company SILA. 

Envocare Pest Control Solutions is a provider of full-service environment management including general pest control services. It offers environmentally friendly services and products to customers. It caters to residential and commercial buildings and infrastructure projects. In 2016, SILA bought a majority stake in the company which it has now sold to Rentokil. 

With this acquisition, Rentokil PCI expands its customer reach within the pest management sector. Rentokil PCI will further strengthen its position in the Indian pest control market as a result of this acquisition by adding leading companies in the corporate, facility management, and construction sectors as its customers. With this acquisition RPCI demonstrates its willingness to deploy capital and acquire quality businesses in Pest & Hygiene.  

Mr David Lewis, MD of Rentokil PCI, said, “Envocare Pest Control Solutions will help expand Rentokil PCI’s industry-leading capabilities into the fast-growing market of integrated pest control services. Furthermore, Envocare specialises in eco-friendly pest management solutions, which aligns with Rentokil PCI’s goal of continuing to be the most sustainable and  eco-friendly pest control company in India." 

Rushabh Vora, Co-founder & MD, SILA, said, “Over the past 6 years, we have enjoyed working with the Envocare Management to get the business off the ground. We will continue to focus on organic and inorganic growth of our core businesses. We are confident that the Envocare team will continue to excel under its new owner, Rentokil PCI, which is the market leader in the Pest Control space.” 

"Rentokil PCI's global reach and expertise will bring new products and solutions to our existing and future customers. The acquisition will facilitate long-term engagements with customers in the pest control services sector. We would like to thank the SILA team for their support in setting us up for the next leg of our journey." said Mr Dilip Murkute, Managing Director, Envocare Pest Control Solutions. 

Rentokil PCI is preferred for pest control by households and companies in India because of our extensive national network, highly qualified pest control specialists, and research and development (R&D) capabilities. 

NSE Signs Data Licensing Agreement With CME Group For WTI Crude Oil And Natural Gas Contracts

India's leading stock exchange, National Stock Exchange (NSE), has signed a data licensing agreement with CME Group, the world’s leading derivatives marketplace, allowing NSE to list, trade and settle rupee denominated NYMEX WTI Crude Oil and Natural Gas (Henry Hub) derivatives contracts for Indian market participants.

The addition of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts will expand the NSE product offering and its overall commodity segment. NSE has applied to the Securities and Exchange Board of India (SEBI) seeking approval to launch the additional futures contracts.

Shri Sriram Krishnan, Chief Business Development Officer, NSE said: "On receiving approval from SEBI, NSE would make available trading in futures of these two global benchmarks, which will be settled in INR, on the NSE platform. The NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world's most traded commodity derivatives contracts generating interest from across the globe. It gives us immense pleasure to enter into this agreement, as it will help us to broaden our energy basket and we are hopeful that these contracts will be beneficial for the Indian market participants to meet their price risk management activities as well as trading objectives."

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information,  visit: www.nseindia.com

Unity Bank Upgrades Core Banking System To M2P’s Turing CBS

* Full implementation completed in record 88 days 

Unity Small Finance Bank Limited (Unity SFB), a new-age digital-first bank, has replaced its core banking system (CBS) with M2P Fintech’s Turing CBS. The new generation platform will revolutionize the way the bank serves its customers by offering seamless digital banking experiences. 

The implementation entailed migration of the Bank’s Core Banking System covering 111 branches serving over 15 lakh customers. A first-of-its-kind and a record of sorts, the entire CBS implementation was completed in 88 days with no parallel run and all branches were migrated to the new CBS on the same day. Turing CBS, built on Micro Services architecture, comes with native capabilities that includes low-code / no-code product capabilities, API gateway on top of the cloud-agnostic Turing platform that allows the entire bank to be ready with embeddable journeys. 

Jaspal Bindra, Executive Chairman, Centrum Group said, “Congratulations to Unity SFB and M2P Fintech on the successful implementation of the new core banking system in record time. This accomplishment not only demonstrates the bank's commitment to innovation and efficiency, but it also promises to enhance the customer experience and accelerate the bank's growth. The partnership with M2P and UNITY Bank teams was no doubt successful, and I am confident M2P will continue to provide the technology assistance for Unity Bank to stay ahead of the curve in digital offerings.” 

"We are delighted to offer our customers the convenience and capabilities of the new digital core banking system," said V. Vaidyanathan, Chief Information Officer, Unity Small Finance Bank "This new system demonstrates our commitment to continuously improve the banking experience for our customers and stay at the forefront of innovation in the industry. M2P’s deep understanding of the digital banking ecosystem has been a huge advantage and we shall continue to innovate in partnership with them." 

Unity Bank has worked closely with M2P Fintech to ensure that the CBS is reliable, nimble, secure, and is built to cater to myriad of digital initiatives that the Bank intends to introduce. 

Madhusudanan R, Co-founder of M2P Fintech said, “We are delighted to partner with Unity Bank in their journey to transform into a digital native Bank. By working with our teams to replace the entire technology stack of the bank in record 88 days, Unity Bank has reset the innovation cycle times for banks in India. In most markets, a CBS migration runs in quarters and years - we have changed the narrative to months and weeks. We thank the Bank’s leadership team for the confidence and trust placed in M2P.”  

Satish Krishnaswamy, Head of Banking Business, M2P Fintech said “We congratulate Unity SFB for the implementation and Go-live of Turing CBS. We are also glad to bring to fore our core capabilities around proprietary data migration platform that allowed us to complete the migration in record time and in that, the bank has accelerated its go-to- market plans for new and innovative digital banking products. India is leading the world in financial services technology innovation, and this implementation, we believe, is an important inflection point in realising our technology prowess.” 

M2P’s TURING CBS is a modern core banking system that that offers cutting-edge security, lightning-fast processing, and ease of data migration. The comprehensive platform comes bundled with Enterprise Service Bus and an API manager to cater to embedded journeys, Treasury platforms, natively integrated Payment processing systems to cater to burgeoning payment ecosystem including cards, AEPS (Aadhaar Enabled Payment System), UPI (Unified Payments Interface), IMPS (Immediate Payment Service) et all. Banks also have the option to leverage distinct features around AI/ML capabilities for financial risk management, low-code platform, and agility to hyper-personalise offerings.  

Customers can experience the power and convenience of the new system by visiting https://theunitybank.com

About Unity Small Finance Bank Limited 

Unity Small Finance Bank Limited is a Scheduled Commercial Bank, promoted by Centrum Financial Services Ltd with Resilient Innovations Pvt Ltd as a joint investor. It strives to be a Digital First Bank with a business model of collaboration and open architecture, uniting all its stakeholders to deliver a seamless digital banking experience. Driven by its mission to have the highest standards of Corporate Governance, Unity Bank has in place a strong Board comprising of industry veterans. Unity Bank commenced operations in November 2021. Mr. Vinod Rai, Former CAG of India, is the Chairman of the Bank.  

About M2P Fintech?   

Founded in the year 2014 and headquartered in Chennai, M2P Fintech is Asia’s largest API infrastructure company offering a wide gamut of services that enable businesses of any scale to embed financial services. M2P Fintech is an omni-channel platform that operates in over 20 markets across the Asia Pacific, MENA, and Oceania regions. M2P pioneers next generation financial services products through innovative offerings, and powers 300+ banks, 100+ NBFCs, and 800+ Fintech engagements across various industries serving over 35 million end users. Our comprehensive technology stack powers the core banking system, core lending suite, BNPL, customized credit cards, prepaid cards, and much more.  

The All-New Hyundai VERNA Now Open For Bookings Across India

* ‘Bookings Now Open’

* HMIL has commenced bookings for the all-new Hyundai VERNA in India for Rs. 25 000

* Customers can book the all-new Hyundai VERNA at Hyundai dealerships across the country or by clicking on (LINK)

* The all-new Hyundai VERNA will be offered with 4 powertrain options

* HMI will introduce a new, sporty and thrilling 1.5 Turbo GDi Petrol engine that is tuned to deliver this segment’s most exceptional performance

* The 1.5 Turbo GDi petrol engine is offered with 6MT and 7DCT, while the proven and reliable 1.5 MPi Petrol will be available with 6MT and IVT

* All powertrains are RDE-compliant eco-friendly engines that are also E20 fuel ready

Customers can choose from a range of 4 variants that include EX, S, SX and SX(O)

* Available in 7 Monotone and 2 Dual tone exterior colour options including the 3 new monotone colours - Abyss Black (New), Atlas White (New), Tellurian Brown (New & Exclusive),

Hyundai Motor India Ltd., India’s first Smart Mobility Solutions Provider and the largest exporter since inception, today opened bookings of the all-new Hyundai VERNA for INR 25 000.  Customers can book the all-new Hyundai VERNA at Hyundai Dealerships across India or by clicking on (Link).

Commenting on the commencement of bookings for the all-new Hyundai VERNA, Mr. Tarun Garg, Chief Operating Officer, Hyundai Motor India Ltd., said, “Today, we are glad to announce the commencement of bookings for the next generation of our iconic sedan – the all-new Hyundai VERNA. With a strong cult following across diverse geographies of India, VERNA has a resilient legacy of 16 years, garnering over 4.6 lakh happy customers. The all-new Hyundai VERNA is set to enthral customers with superior performance and deliver a thrilling driving experience like never before. We are certain this benchmark sedan from Hyundai will elevate our customer aspirations and drive a strong resurgence in this segment."

To induce exciting driving experiences, the all-new Hyundai VERNA has been equipped with a range of 4 powertrains. HMI has equipped the all-new Hyundai VERNA with a new, sporty and thrilling 1.5 Turbo GDi Petrol engine that is available with 6-speed Manual Transmission (6MT) and 7-speed Dual Clutch Transmission (7DCT). These powertrains are geared to churn out maximum power and torque performance that will set a new benchmark in this segment. Hyundai is also offering the proven and reliable 1.5 MPi Petrol engine that is available with 6MT and Intelligent Variable Transmission (IVT). The range of powertrains will ensure customer delight with superior driving performance. Further, all these powertrains are RDE-compliant eco-friendly engines that are also E20 fuel ready.

HMIL will offer the all-new Hyundai VERNA in 4 trim options – EX, S, SX and SX(O). The all-new Hyundai VERNA has been packaged to deliver advanced safety, convenience and comfort, thereby ensuring segment benchmarks are re-established.

About HMIL

Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC). HMIL is India’s first smart mobility solutions provider and the number one car exporter since its inception in India. It currently has 12 car models across segments GRAND i10 NIOS, All New i20, i20 N Line, AURA, VENUE, VENUE N Line, Spirited New VERNA, All New CRETA, ALCAZAR, New TUCSON, KONA Electric and All Electric SUV IONIQ 5. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality, and testing capabilities.

HMIL forms a critical part of HMC’s global export hub. It currently exports to around 85 countries across Africa, the Middle East, Latin America, Australia, and Asia Pacific. To support its growth and expansion plans, HMIL currently has 583 dealers and more than 1492 service points across India. In its commitment to providing customers with cutting-edge global technology, Hyundai has a modern multi-million-dollar R&D facility in Hyderabad. The R&D centre’s endeavour is to be a centre of excellence in automobile engineering.

Turn Down The Noise, Turn Up The Clarity With The All-New Quad Mic TWS From pTron

* The Perfect blend of long battery and impeccable Audio Performance at an Irresistible launch price of 999/-

The homegrown and leading maker of the wireless audio accessory maker, pTron announced the launch of their latest and best addition to the crowd-favorite - the Bassbuds True Wireless series. Dubbed the Bassbuds Zen, the new TWS offers an array of nifty features. Coupled with Quad-Mic earphones and TruTalkTM Technology for Environmental Noise Cancellation up to 30dB, the Bassbuds Zen stands out as an ideal true wireless earbud that offers seamless HD calls with immersive acoustic performance without compromising any details. The earbuds are perfectly tuned so that you hear sound naturally like how it’s meant to be heard.

Speaking at the launch, Mr. Ameen Khwaja, Founder & CEO, pTron said, “Made for the value seekers who want to skip the fuss of charging their true wireless earbuds every other day or to enhance their WFH setups, the Bassbuds Zen is the best value-for-money solution to date offering up to 30dB noise cancellation. Each earbud employs dual-mic noise canceling algorithm to achieve crystal-clear communications. Launched at a super wallet-friendly price of INR 999, it would be fair to say that our Bassbuds Zen is a strong competitor compared to wireless earbuds with similar performance and price.”

Turn Down the Noise, Turn Up the Clarity

pTron offers users an impeccable listening experience with Quad Mic ENC, which is typically found only on high-end headphones. The TruTalkTM ENC technology effectively blocks out unwanted background noises while the dual mic on the earbud ensures that the users can stay in the zone while on an important conference call or listening to their favorite tunes without distractions.

Sporting Bluetooth 5.3 with SBC and AAC audio codecs, users can expect nothing but excellent lag-free call & audio quality while on the go. In addition, with the new and larger 10 mm graphene-coated driver diaphragms expertly tuned by pTron's in-house audio engineers, the Bassbuds Zen offers an improved acoustic performance all around. This translates to better clarity, enhanced bass, and effective ENC quality - all while improving the power efficiency of the earbuds.

Tuned for entertainment, the Bassbuds Zen offers a more in-sync audio-visual-experience for video watching and gaming with low latency input.

Go Beyond All Day

Designed with an impeccable fit that provides both comfort and noise isolation, the IPX4 certified Bassbuds Zen is best suited for travelers and fitness enthusiasts with its ergonomically and uniquely designed earbuds that stay comfortable and snug all day. Upgraded with the all-new touch controls, the Bassbuds Zen makes it a breeze to control music and calls with simple taps on the side of the earbuds. With easy-to-use and intuitive touch controls, users can seamlessly switch tracks, answer calls, or even activate smart assistants anytime, anywhere.

With a juiced-up battery life of up to 50 hours in total, a playtime of up to 10 hours on a single charge, and Type C quick charging the Bassbuds Zen is the perfect audio companion for long commutes, workouts, or endless Netflix marathons. On top of that, these earbuds also come with different sets of soft silicone ear tips that make it hassle-free for users to find the perfect fit to achieve the optimal seal for better noise insulation and greater comfort.

Available in two colors Napoli Black & Cobalt Blue, the Bassbuds Zen comes with 1-year brand warranty and is competitively priced at INR 1199.

Packed with must-have features that matter for a truly superior wireless experience these impressive pair of earbuds will be available on Amazon from 17th February 12 AM at a special promotional price of INR 999 only (for a limited time).

Product Link:  

Pre-Launch Notify - https://www.amazon.in/l/66059762031

Napoli Black - https://www.amazon.in/dp/B0BQFLV18G

Cobalt Blue - https://www.amazon.in/dp/B0BQFLX58C

About pTron:

pTron is a brand owned by Palred Electronics Private Limited which is a subsidiary of Palred Technologies Ltd, a public-listed company on BSE and NSE since 2004. pTron, today, is aspiring to be a global brand pushing boundaries far and wide. Ramping up capacities, opening up new channels of business, and reaching out to consumers in new geographies are all steps being taken to explore new horizons. pTron has sold more than 11 million units until FY22. Growing at the rate of 26% YoY, pTron aims to sell an additional 5 million units in FY23.

Website: pTron.in

Kovai.co Certified With Global SOC2 Type 2 Compliance; Proves Its Commitment To Secure Client Data And Software Security

* Powered by this SOC2 type 2 certification, Kovai.co aims to achieve highest compliance standards and reduce risk profile of its operations globally

Kovai.co - a premier enterprise software and B2B SaaS company based out of Coimbatore, India, and London, U.K has been certified the global System and Organizational Controls 2 (SOC2) Certificate of Compliance Type 2. With SOC2 type 2 certification, companies can provide robust security assurance for their customers, guarantee long-term cost savings, secure themselves from potential reputational damage and streamline regulatory compliance efforts.

This certification is approved by AICPA (Association of International Certified Professional Accountants) and audited by the CPA of VISTA InfoSec, a critically acclaimed international cybersecurity consulting and certification organization.

Commenting on the SOC2 certification and what it means for the company - Saravana Kumar, the Founder and CEO of Kovai.co, said, “Having such data and security compliance practices shows how strong and secure our internal governance, and risk management functions are. We believe SOC2 is not just a certification for Kovai.co but also a testament to holding one of our core values: integrity and honesty. As we increase our focus on customers and look towards widening our base, the need to showcase how we handle critical customer data is becoming more important.”

SOC2 certification guarantees not only point-in-time adherence, but also the efficacy of appropriate controls annually. These SOC2 reports are unique to each company. The certification works around 5 principles - security, availability, processing integrity, confidentiality, and privacy.

About Kovai.co

Kovai.co is a multi-product enterprise SaaS company based out of Coimbatore, India and London, UK. Founded in 2011 by Saravana Kumar, a Microsoft Integration Architect, the company has crossed a revenue of $10 million ARR and remains completely bootstrapped to date. With a 240+ member team, it is looking to grow its product portfolio and its revenues, with a target of $30 million by 2025.

The company has bagged multiple awards on the National stage including “Bootstrapped SaaS startup of the year” from SaaSBoomi, “The Bootstrap Champ Award” by The Economic Times in 2021 and NASSCOM Emerge 50 awards 2021 recognized their knowledge-management product Document360.

Muthoot FinCorp Launches Vyapar Mitra- Collateral-Free Daily Installment Loans For Micro And Small Businesses.

It is no secret that India’s economic growth revolves around millions of retailers, traders, and self-employed individuals. As a mean to cater to their business growth through providing working capital and loans for business improvement, Muthoot FinCorp is introducing a novel and custom-made product, ‘Vyapar Mitra Business Loans.’

With Vyapar Mitra business loans, Traders, Business owners and self-employed individuals can avail business loans based on their daily cash flow without any additional collateral. Making Vyapar Mitra stand out in the financial market, one can get business loans without Income Tax Return papers and no prior CIBIL score records. Shop owners who earn a daily income can benefit from the daily repayment option, lowering their interest outflow which makes Vyapar Mitra more attractive than bank loans. The new product also offers benefits like no pre-payment charges, loan renewals up to three times a year, simple and fast documentation, and quick disbursal of loans. Vyapar Mitra is set to be launched on the 15th of February 2023 and will be available in 3600+ Muthoot FinCorp branches across the country.

“Muthoot FinCorp has always stood to transform the lives of the country’s common man and give the unbanked their first entry point to the formal banking sector through MFL. This is a custom-made product for meeting specific customer requirements, especially for the daily income groups and this time we wanted to do it for the micro and small enterprises of the country which keep our economy vibrant. I hope that ‘Vyapar Mitra’ plays a significant role in boosting the economy through empowering the retail traders and shopkeepers of the country’’ said Shaji Varghese, CEO, Muthoot FinCorp Ltd.

Adding another golden feather to its 136+ years of transforming lives, Vyapar Mitra is yet another customer-centric solution developed by Muthoot FinCorp. Praised for its empathetic and thoughtful products, Vyapar Mitra is no different. It is tailor-made exclusively for each business segment keeping their specific needs and requirements in mind.

Muthoot FinCorp Ltd., the flagship company of the Muthoot Pappachan Group, is one of the leading NBFC’s in the country, providing loans against gold and MSME loans. Over the years, Muthoot FinCorp, an organization built on trust has delivered a wide range of products and services targeting low and middle-income families. Serving more than 1,25,000 consumers every day, Muthoot Pappachan Group has left its mark in multiple sectors, including financial services, tourism, transportation, real estate, IT services, healthcare, precious metals, international services, and alternative energy.