POVA 5 Series Powered By TECNO Redefines Innovation With Cyber-Inspired 3D Texture Arc Interface: Registration Starts On Amazon

Brace yourselves for a groundbreaking leap in smartphone technology as TECNO proudly introduces the POVA 5 Series, a true testament to the brand's passion for innovation. The POVA 5 Series boasts top-class performance and lightning-fast charging, and its pièce de résistance is undeniably the industry-first 3D Texture Arc Interface, a cyber-inspired marvel that will ignite your digital emotions.

TECNO's commitment to pushing the boundaries of design and functionality is evident with the POVA 5 Series. The 3D Texture Arc Interface takes inspiration from the cyber world, weaving together art and technology to deliver an unparalleled user experience. It's not just a smartphone interface; it's a portal to a digital dimension where your every notifications, calls, and music becomes an exhilarating journey with the new RGB light experience.

Colors come alive with an RGB gamut ARC Interface, reflecting the diverse passions and uniqueness of each user. The cyber-inspired elements evoke a sense of adventure and exploration, encouraging users to stay young at heart and embrace their digital passions to the fullest.

The star of the series, the POVA 5 Pro 5G, stands tall as a true disruptor, delivering power, speed, and enhanced capabilities that cater to the pace of India's dynamic Gen Z elite. For those who work hard and play even harder, the POVA 5 Pro 5G is the perfect companion to fuel their ambitions and keep them ahead in the game of life.

Moreover, the POVA 5 Series ensures that you never have to worry about running out of battery power again. With lightning-fast charging technology in the segment, you can stay connected and productive throughout the day, effortlessly juggling work and play.

The Hype and anticipation for the POVA 5 Series is soaring, and you won't want to miss the chance to be part of this digital revolution. Head to Amazon and register now to be among the first to experience the future of smartphones. Stay Young, Stay Passionate - Embrace the Digi Emotion and Let TECNO POVA 5 Series be Your Guide!

About TECNO

TECNO is an innovative technology brand with a global presence in over 70 countries and regions across five continents. Dedicated to revolutionizing the digital experience in emerging markets, TECNO continuously strives for the perfect integration of contemporary & modern aesthetic design with the latest technologies. With an extensive range of smartphones, 1st Made in India Foldable Phone, smart wearables, & laptops. HiOS operating systems, and smart home products, TECNO has earned recognition as a leader in its target markets.

Guided by the brand essence "Stop At Nothing," TECNO is committed to unlocking the best and newest technologies for forward-looking individuals. By creating stylish, intelligent products, TECNO inspires consumers worldwide to never stop pursuing their best selves and their best futures. Embrace the Digi Emotion with TECNO and let your passion for life shine through.

For more information, visit TECNO's official site: https://www.tecno-mobile.in/

Glenmark Pharmaceuticals Receives ANDA Approval For Saxagliptin Tablets, 2.5 mg and 5 mg

Glenmark Pharmaceuticals Ltd. (Glenmark), a research-led, integrated, global pharmaceutical company has received final approval by the United States Food & Drug Administration (U.S. FDA) for Saxagliptin Tablets, 2.5 mg and 5 mg, the generic version of Onglyza®1 Tablets, 2.5 mg and 5 mg, of AstraZeneca AB. Glenmark’s Saxagliptin Tablets, 2.5 mg and 5 mg, will be distributed in the U.S. by Glenmark Pharmaceuticals Inc., USA.

According to IQVIATM sales data for the 12-month period ending June 2023, the Onglyza® Tablets, 2.5 mg and 5 mg market2 achieved annual sales of approximately $100.7 million*.

Glenmark’s current portfolio consists of 184 products authorized for distribution in the U.S. marketplace and 49 ANDA’s pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

About Glenmark Pharmaceuticals Ltd.

Glenmark Pharmaceuticals Ltd. (BSE: 532296 | NSE: GLENMARK) is an integrated, research?led, global pharmaceutical company, with a presence across Branded, Generics, and OTC segments; with a focus on therapeutic areas of respiratory, dermatology and oncology. The company has 10 world-class manufacturing facilities spread across 4 continents, and operations in over 80 countries. In Vivo/Scrip 100 positions Glenmark amongst the Top 100 Companies Ranked by R&D and Pharmaceutical Sales, 2021; while Generics Bulletin/In Vivo places it in the Top 50 Generics and Biosimilars Companies Ranked by Sales, 2021. The company has also been Great Place To Work® Certified™ in India.  Glenmark’s Green House Gas (GHG) emission reduction targets have been approved in 2023 by the Science Based Target initiative (SBTi), becoming the second Indian Pharmaceuticals company to achieve this approval. The organization has impacted over 2.9 million lives over the last decade through its CSR interventions. For more information, visit www.glenmarkpharma.com. You can follow us on LinkedIn (Glenmark Pharmaceuticals) and Instagram (glenmark_pharma).

For more information, contact: glenmark@adfactorspr.com

Mahindra Holidays & Resorts India Ltd. Announces Its Results For Q1 FY24

Highest Ever:

Total Income at Rs.355 Crs. (+17% YoY), excl. one-offs1

Resort Income at Rs. 92 Crs. (+10% YoY)

EBITDA at Rs. 101 Crs. (+19% YoY) excl. one-offs1

Highest Ever in the first quarter:

PBT at Rs.55 Crs. (+19% YoY) excl. one-offs1

Mahindra Holidays & Resorts India Ltd. ('Company'), India's leading leisure hospitality provider, reported its standalone and consolidated financials for the first quarter ending 30th June 2023.

Operational Highlights (Standalone) – Q1 FY24

Member Additions

Member additions at 4696 are up by 23% YoY

Membership Sales Value2 at Rs. 177 Crs. up by 21% YoY

Highest ever Q1 Upgrades at Rs. 49 Crs. up by 16% YoY

Cumulative member base grows to 2,86,039, with 85% of the member base fully paid

Resorts/Room Inventory

Resort Occupancy of 90% (vs 89% last year)

Acquisition of 72 keys resort in Jaipur completed & construction of a greenfield, 236 keys resort started in Ganpatipule (Maharashtra)

Inventory base grows to 5,005 keys in 102 resorts.

Note:  1. Please refer Table "MHRIL Standalone one-offs. 2. Membership value includes Upgrades

Standalone Financial Highlights -

Q1 FY24 (excl. one-offs1)

Highest Ever Total Income at Rs. 355 Crs. (+17% YoY)

Highest Ever Resort Income at Rs.92 Crs. (+10% YoY)

Highest Ever EBITDA at Rs. 101 Crs. (+19% YoY); EBITDA Margin at 28.3%

Highest Ever PBT (first quarter) at Rs. 55 Crs. (+19% YoY); PBT Margin at 15.4%

Cash Position at Rs. 1136 Crs. as on 30th June'23.

Note: 1. Refer Table "MHRIL Standalone one-offs" for details

Consolidated Financial Highlights -

Q1 FY24 (excl. one-offs3)

·         Total Income at Rs. 646.9 Crs.

·         EBITDA at Rs. 120.4 Crs. EBITDA Margin at 18.6%.

·         PBT at Rs. 7.6 Crs.

Note: 3-Refer Table "Consolidated MHRIL one-offs"

Commenting on the performance, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, "90%+ occupancy on an expanded inventory base of ~5,000 rooms has helped us achieve the highest ever Resort Income this quarter. Member additions are up by 23% over the same period last year. We continue to work towards our strategic objective of rapidly expanding our room inventory in line with our growing member base while adding new immersive experiences at our resorts."

Commenting on the European operations, he added, "Despite the ongoing geopolitical crisis which has raised the inflation levels & interest rates, timeshare business has performed well. However, Spa hotels were affected by lower occupancies, Q1 traditionally being a low-season quarter. The holiday season has started well from mid-June onwards, and Q2 performance is expected to be better."

About Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Limited (MHRIL), India's leading company in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand with a 25-year membership, the other products offered by the company are – Bliss, Go Zest, Club Mahindra Fundays and Svaastha Spa.

As on June 30, 2023, MHRIL has 102 resorts across India & abroad and its subsidiary, Holiday Club Resorts Oy (HCR), Finland, a leading vacation ownership company in Europe has 33 Timeshare Properties (Including 9 Spa Resorts) across Finland, Sweden, and Spain.

Visit us at www.clubmahindra.com

Toyota Kirloskar Motor Reports Its Best Ever Monthly Wholesales By selling 21,911 Units In July 2023

·       Posts Y-o-Y growth of 11% compared to July 2022.

·       First seven months of CY 2023 witnesses an impressive growth of 31% over the same period in 2022.

·       First four months of FY 2023 records a significant growth of 26% compared to the corresponding period in FY 2022

Toyota Kirloskar Motor (TKM) today reported its strongest cumulative sale ever by selling 21,911 units in July 2023. While the overall domestic sales stood at 20,759 units, exports accounted for 1152 units.  This represents a steady growth of 10% compared to July 2022, where sales stood at 19,693 units. In June 2023, the company had sold 19,608 units thereby presenting month-to-month growth of 12%.

The company previously posted its best monthly wholesales in May’2023 by selling 20,410 units.

During the first seven months of CY 2023, TKM sold 1,24,282 units, reflecting a substantial increase of 31% compared to the same period in CY 2022, where sales stood at 94,710 units. The first four months of FY 2023 have witnessed a surge as well with sales of 77,439 units, marking a growth rate of 26% when compared to corresponding period of FY 2022, which saw 61,506 units sold.

Mr. Atul Sood, Vice President of Sales, and Strategic Marketing at Toyota Kirloskar Motor, said, “The month of July has been tremendous for the company, we are thrilled to have recorded our highest wholesales ever by selling 21,911 units. We are witnessing an overwhelming response to our entire product range including Urban Cruiser Hyryder, Innova Hycross, Fortuner, Legender, New Innova Crysta Camry and a special mention goes to the versatile Hilux thus reflecting the utmost trust our valued customers place in us. The Cool New Glanza also continues woo a fresher set of customer base for Toyota. Given the mid-year sales trend and the favourable demand sentiments, coupled with our increase in production by adding a third shift operation, we are confident of recording one of our strongest years in the country. We are also keenly looking forward to a good festive season and gearing up to meet the further surge in demand.

As a company, that aspires to create mobility for all with a deep rooted commitment to quality, innovation and respect for the planet, we strive to exceed customer expectations by setting new industry benchmarks. July was extra special to us, as we are honoured to have delivered the first-ever fleet of Hilux to the Indian Army, marking a momentous milestone for TKM. Being a customer focussed organization, we rolled-out the ‘Monsoon Campaign” in the month of July, to offer a wide range of exclusive benefits and maintenance offers to ensure safety and seamless driving season while elevating hassle-free ownership experience this monsoon season.”

Applied Materials Announces Engagement With Industry Stakeholders For Its Planned Collaborative Center In India

* Planned center to bring together global and domestic suppliers and academic institutions to accelerate the development and commercialization of technology for semiconductor manufacturing equipment, enabling India’s readiness for a high-volume manufacturing ecosystem

Applied Materials, Inc. today announced the company’s engagement with more than 40 suppliers and academic institutions as part of the company’s planned collaborative engineering center in Bengaluru. Participating at SemiconIndia 2023, the company is focusing on close collaboration among the country's top engineers, academia, and suppliers to accelerate innovation in semiconductor manufacturing equipment technologies and build a robust domestic semiconductor ecosystem. The planned center aims to harness the collective expertise of the industry stakeholders and spearhead breakthrough ideas related to India’s domestic semiconductor supply chain and talent development. 

Applied aims to reduce the time to commercialization and develop a sustainable semiconductor ecosystem in India. Through its engagement with leading global semiconductor supplier organizations, the center will be designed to provide access to advanced equipment and processes for suppliers to test and validate their solutions, while also creating opportunities to co-innovate, develop, and test equipment subsystems and components to accelerate cycles of learning and speed up the adoption of new concepts. Supporting the objective, Applied is also partnering with top-tier universities and institutions both for innovation and to help develop a capable workforce to support the domestic semiconductor ecosystem. 

“This is a pivotal moment for India to position itself as a key player in the global semiconductor landscape,” said Prabu Raja, President of the Semiconductor Products Group at Applied Materials. “The establishment of Applied’s collaborative engineering center will be a significant milestone in our commitment to fostering innovation and collaboration in the semiconductor ecosystem in India. The center will promote synergy among industry stakeholders and cultivate a culture of technical research, skill development, and knowledge sharing.”

"We have embarked on a transformative journey to power India's semiconductor mission,” said Srinivas Satya, Country President of Applied Materials India. “Our objective is to change the way we engage with chipmakers, universities, and other partners to enhance time to market, reduce R&D costs and increase the overall success rate of new technologies. Simultaneously, the center will provide guidance and technical expertise to semiconductor companies, assisting them in developing high-quality, cost-effective semiconductor products that cater to global and domestic markets while generating employment opportunities across various skill levels.”

Applied’s planned center is an integral part of the company’s global innovation approach and is designed to fundamentally change the way chips are made. The benefits of establishing the center in India will extend beyond the country’s domestic semiconductor ecosystem and contribute actively to the global semiconductor industry. With its rich pool of skilled engineers, strong academic foundation, and strategic supply chain partners, India is well-positioned to drive innovation in the global market. In its first five years of operation, the center is expected to create at least 500 new advanced engineering jobs along with potentially another 2,500 jobs in the manufacturing ecosystem.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

NTPC Group Wins GW Scale RE Orders In TBCB Mode In Q1-2023

NTPC Renewable Energy Limited (NTPC REL) received the Letter of Award for 550 MW Solar Project at a tariff of ?2.56/kWh, won in RECPDCL's 1250 MW ISTS-Connected solar tender published in Dec-2022. This power will be utilized under the GoI’s Aug’2022 scheme for flexibility in Generation and scheduling of Thermal Power stations through bundling with RE capacity. The project is to be executed within a period of 18 months and will require capital investment of ?2800 Cr.

With allotment of this 550 MW capacity, NTPC REL will have to execute more than 2 GW RE capacity to fulfill the capacity won in TBCB mode in Q1-2023 alone.

As on date, NTPC group has 3.3 GW RE operational capacity, 6 GW is under different stages of implementation, another 12 GW under tendering including 4 GW Energy Storage System and a major hydrogen based energy storage cum microgid system.

NTPC is committed to achieve 60 GW of Renewable Energy Capacity by year 2032 and be a major player in Green hydrogen technology and Energy storage domain.

Toyota Kirloskar Motor Receives Prestigious State Export Excellence Award For Outstanding Performance In Auto & Components Exports

Toyota Kirloskar Motor (TKM), has been honoured with the prestigious 'State Export Excellence Award' in the 'Auto & Components' category by The Visvesvaraya Trade Promotion Centre (VTPC). The award was presented to TKM by Hon'ble Chief Minister of Karnataka, Shri. Siddaramaiah, during the event held in Bangalore recently, recognizing its outstanding export performance.

Established in 1965 under the Karnataka Societies Act, VTPC is a designated agency responsible for fostering trade and promoting exports from the State of Karnataka, operating under the purview of the Department of Industries and Commerce, Government of Karnataka. Since 1992-93, the Government of Karnataka has instituted these State Awards to commend outstanding performance in exports, recognizing the relentless efforts of exporters in driving economic growth through international trade.

The consistent excellence in exports of engineering products has earned TKM, the coveted ‘State Export Excellence Award’ in the 'Auto & Components Exporter' category for three consecutive years - 2017-18, 2018-19, and 2019-20. This achievement highlights the company's role in contributing to both the national and state economy through the global export of high-tech automotive parts and vehicles. TKM, as a manufacturer exporter, exports CBU (Completely Built Unit) vehicles and Auto Parts to Malaysia, Brazil, Thailand, Vietnam, Indonesia, Philippines, Brunei, and South Africa.

Mr. Swapnesh R Maru, Executive Vice President & Chief Compliance Officer at Toyota Kirloskar Motor, expressed his gratitude and shared his vision for the company's continued growth, stating “At Toyota Kirloskar Motor, we align ourselves with progressive policies of the center and state governments by continuously developing globally competitive automotive technologies and processes at our state-of-the-art facility at Bidadi, Karnataka. Our focus on 'Mass electrification' with 'Make in India' is driving us towards becoming a critical manufacturing hub for advanced, clean, and efficient vehicles at competitive prices.”

Furthermore, in line with Toyota's commitment to 'Mass electrification' and 'Make in India,' Toyota Kirloskar Auto Parts Private Limited (TKAP), established in 2002, has been instrumental in manufacturing and selling automotive parts, emphasizing India's role as Toyota's Asia's Electrification Hub. TKAP has recently set up an advanced manufacturing facility for e-Drives, a crucial component of electrified powertrains, supplying them to Toyota Kirloskar Motor Private Limited and exporting them to Japan and other Asian countries.

In addition to catering to the domestic market, TKAP's E-Drives are also being exported to Japan, showcasing India's capability as a leading exporter of advanced automotive technologies. The collaboration between TKM and TKAP, supported by initiatives like the Production Linked Incentive (PLI), demonstrates the Indian auto industry's growing potential to contribute to the worldwide transition towards green and clean mobility.

TKM’s consistent pursuit of excellence in engineering products and its dedication to sustainable manufacturing have positioned it as a frontrunner in India's automotive industry and has enabled the company to make positive and meaningful contribution to the economy and society at large.