TVS ILP Announces Strategic Partnership With Lingotto Lays foundation For A Strong Long-Term Growth Strategy

TVS Industrial and Logistics Parks Pvt Limited. (TVS ILP), a part of TVS Mobility Group, is proud to announce a strategic partnership with Lingotto, an investment management company owned by Exor N.V., the renowned global holding company with a strong track record of successful investments across diverse sectors.

This transformative partnership has been set in motion through a secondary stake sale by existing investor, British International Investor, the UK’s development finance institution (DFI). This secondary transaction has taken place at an Enterprise Value of ?2,800 crores, emphasizing the potential and size of TVS ILP. Lingotto shall onboard with a 21% shareholding in TVS ILP.

TVS ILP has been the first corporate developer leading the path in Grade A warehousing since its inception in 2005 with facilities Pan-India. Recognized for its unwavering commitment to excellence, TVS ILP is renowned for delivering best in-class warehousing and logistics solutions across India. The company’s ultimate aim is to be the trusted leader in integrated logistics parks, offering comprehensive services tailored to clients’ diverse needs. TVS ILP stands out for its exceptional project execution, ensuring prompt delivery and fostering enduring partnership with customers. The company has a diverse clientele encompassing industry leaders in sectors such as FMCG, FMCD, CDE, 3PL’s, Ecommerce and many more.

The company boosts a 20msf platform and has been instrumental in setting industry gold standards, in the largely unorganised Indian Logistics Parks space, with enviable operational parameters. With an Arjuna’s eye on the operational profitability, the company has been maintaining more than 98% occupancy over its long history, with a 100% utilisation for the past 6 years, exhibiting its business prowess, while holding true to its ‘Client First’ motto. Parallelly, following the DNA of its founders, the company has always been cognisant of its social responsibilities, and as a testament to its unwavering efforts in this direction, has been constantly humbled with accolades like Edge+ Champion from IFC (a member of World Bank Group). More at www.tvsilp.in

Lingotto Investment Management LLP (Lingotto) is an independent and entrepreneurial investment management company based in London. It is wholly owned by Exor N.V., one of Europe’s largest diversified holding companies, and is authorised and regulated by the Financial Conduct Authority. Its purpose is to deliver attractive long-term returns through a complementary, differentiated, and unique investment approach. It provides talented investment professionals a home in which they can pursue their passion for investing through an attractive combination of autonomy and structured support. More at www.lingotto.com

Commenting on the partnership, Mr. Ravi Swaminathan, Vice Chairman of TVS Industrial and Logistics Parks Pvt Limited., said: “Our vision is to create tech enabled infrastructure solutions to the warehousing and logistics parks industry. We have delivered robust growth for nearly two decades due to evolving customer demands for more sustainable and innovative products.  Now is the time to bring the company to the next level by strategically investing in its future. To achieve this, we welcome the Lingotto as a valued strategic partner.  The Board is convinced that this action will secure the long-term success of the company and benefit all stake holders.”

Commenting on the partnership, Mr. Ashish Kaushik, Partner at Lingotto, said: “TVS ILP is a pioneer in providing logistics and infrastructure solutions to the warehousing and logistics parks industry.  TVS ILP is now poised for the next phase in its Pan-India growth and we are excited to join the company for accelerating their growth trajectory.  We look forward to working closely with TVS ILP.”

Commenting on the partnership, Mr. Srini Nagarajan, Managing Director & Head of Asia at British International Investment (BII) Group said: “Our partnership with TVS ILP is a great example of how BII invests for positive social and environmental outcomes. Together, we have helped to create job opportunities and promote green building practices across all of TVS ILP’s warehouses, resulting in lower energy and water consumption and reduction in greenhouse emissions. As we welcome Lingotto to the partnership, we remain committed to supporting TVS ILP’s growth as a leader in the integrated warehousing sector.”

About TVS ILP:

TVS ILP has been the first corporate developer leading the path in Grade A warehousing since its inception in 2005 with facilities Pan-India. Recognized for its unwavering commitment to excellence, TVS ILP is renowned for delivering best in-class warehousing and logistics solutions across India. The company’s ultimate aim is to be the trusted leader in integrated logistics parks, offering comprehensive services tailored to clients’ diverse needs. TVS ILP stands out for its exceptional project execution, ensuring prompt delivery and fostering enduring partnership with customers. The company has a diverse clientele encompassing industry leaders in sectors such as FMCG, FMCD, CDE, 3PL’s, Ecommerce and many more.

Parallelly, following the DNA of its founders, the Company has always been cognisant of its social responsibilities, and as a testament to its unwavering efforts in this direction, has been constantly humbled with accolades like Edge+ Champion from IFC (a member of World Bank Group).

More at www.tvsilp.in

About Exor:

Exor N.V. is a Dutch holding company incorporated in the Netherlands and controlled by the Agnelli family through privately held company Giovanni Agnelli B.V. In 2021 it recorded revenues of more than $136 billion, with a Net Asset Value (NAV) of around $31 billion, becoming the 37th largest group in the world by revenue, according to the 2021 Fortune Global 500 List.

More at https://www.Exor.com/

About British International Investment:

·         British International Investment is the UK’s development finance institution and impact investor.

·         British International Investment is a trusted investment partner to businesses in Africa, Asia and the Caribbean.

·         It invests to support the UK Government’s Clean Green Initiative and to create productive, sustainable and inclusive economies in our markets.

·         Between 2022-2026, at least 30 percent of BII’s total new commitments by value will be in climate finance.

·         BII is also a founding member of the 2X Challenge which has raised over $16 billion to empower women’s economic development.????

·         The company has investments in over 1,470 businesses across 65 countries  and total assets of £8.1 billion.

·         For more information, visit: www.bii.co.uk | watch here.

·         Follow British International Investment on LinkedIn and X.

UST Introduces UST AlphaAI, Solidifying Its Leadership Role At The Forefront Of AI Innovation

* UST AlphaAI consolidates the company’s AI services, solutions and platforms to provide a transformative catalyst for growth

UST, a leading digital transformation solutions company, has introduced UST AlphaAI, which consolidates the company’s comprehensive suite of Artificial Intelligence (AI) services, solutions, and platforms. The introduction of UST AlphaAI strategically positions the company for further success in the dynamic AI landscape. It seamlessly combines UST’s technical expertise, domain knowledge, and real-world experience to provide its clients and partners with effortless access to UST's full spectrum of transformative AI solutions, unlocking new business efficiencies and fostering sustainable transformation. UST AlphaAI enhances businesses' agility and competitiveness, streamlining operations and accelerating their journey toward excellence. 

Drawing on a rich history of collaboration with distinguished AI researchers from top academic institutions such as the MIT Computer Science & Artificial Intelligence Laboratory and the Stanford Artificial Intelligence Laboratory, UST has a reputation for expertise and excellence at the forefront of AI innovation. This unique blend of practical experience and academic expertise gives UST the flexibility needed to swiftly respond to emerging market demands. With the introduction of UST AlphaAI, UST will further augment its capabilities by merging academic insights with real-world expertise.

A leader in AI innovation, UST has successfully delivered over 100 AI implementations. Some of the successful implementations of UST AI solutions include:

A computer vision-based loss prevention solution for a major retailer that reduced checkout theft and increased the annual revenue per store by $50,000 - $70,000.

An intelligent retrieval system utilizing natural language processing (NLP) and Deep Learning for a financial services company, increased marketing, and content creation team productivity by 85%.

A generative AI-based code modernization initiative to increase developer productivity for a large CPG company which compressed software development timeline by 35% while improving code quality and test coverage.

Operationalization of MLOps and LLMOps with AI guardrails for a UK-based financial institution, reducing their model development, deployment, and testing time by half.

UST SmartOps and UST Sentry Vision AI are just two examples of how UST is exploiting the boundless potential of AI. UST SmartOps, an intelligent automation platform, leverages the power of Generative AI to provide intelligent document insight, seamless incident handling, and automated process creation. UST Sentry Vision AI, a groundbreaking solution, seamlessly integrates with SAP S/4HANA to optimize operations, automate processes, and maintain quality for CPG and manufacturing clients. This intelligent, vision-based monitoring and process adherence tool minimizes operational waste and enhances digital enterprises.

“At UST, we work to understand the specific needs of our clients. We believe that applying the right AI solutions to the right problems in the right way delivers the best possible business outcomes. UST is committed to sustained growth in this dynamic market segment, and our partnerships with leading AI research institutions ensure we remain at the forefront of innovation as well as the ability to continue applying these breakthroughs through pragmatic, real-world solutions,” said Manu Gopinath, Chief Operating Officer, UST.

"Our extensive experience at the forefront of AI innovation has enabled UST to respond quickly to client needs and build bespoke solutions for clients and partners. By applying the latest advances in AI to our clients’ business problems, we can create end-to-end solutions that enhance business outcomes by accelerating change, driving efficiency, and elevating user experiences. UST AlphaAI accelerators will elevate our ability to respond to rapidly growing generative AI demands as we continue working to shape the emerging enterprise AI landscape,” said Dr. Adnan Masood, Chief AI Architect, UST.   

Numerous products, platforms and implementation accelerators offered by UST AlphaAI were showcased at UST’s recent annual global D3 conference and Expo held in India. The conference underscored UST’s commitment to pioneering generative AI and reaffirmed AI’s role as a transformative technology and an agent of growth.

More information about UST AlphaAI can be found at https://www.ust.com/en/alpha-ai

About UST

For more than 24 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com 

IndusInd Bank Goes Live With RuPay Credit Card On UPI

~ IndusInd Bank goes live on RuPay Network for Credit Card  

~ Customers can earn accelerated rewards on every spend done through UPI

IndusInd Bank goes live with RuPay Credit Card on UPI with the launch of ‘IndusInd Bank Platinum RuPay Credit Card’, in collaboration with the National Payments Corporation of India (NPCI).

In addition to making seamless payments to merchants via the RuPay network using POS devices and e-commerce websites, IndusInd Bank RuPay credit card customers can now conveniently initiate UPI payments by simply linking their credit cards with the UPI-enabled Apps. With the integration of IndusInd Bank’s RuPay credit card on UPI, individuals can make transactions seamlessly on both online and offline platforms and earn accelerated rewards on their UPI transactions.

Furthermore, the users will have the flexibility to convert reward points into statement credit, air-miles or opt for multiple vouchers options through IndusMoments.

Speaking on the announcement, Mr. Soumitra Sen, Head – Consumer Banking and Marketing, IndusInd Bank, said, “We are delighted to introduce IndusInd Bank Platinum RuPay credit card in collaboration with NPCI. Given UPI’s universal prevalence in India, linking UPI to credit card is a further amalgamation of convenience and features/benefits, all enhancing customer convenience and payment experience. With this card, we open doors to a world of benefits and rewards through UPI, ensuring that customers’ financial aspirations are always within reach, placing the power of effortless transactions right at their fingertips.”

Mr. Rajeeth Pillai, Chief Relationship Management & Marketing, NPCI, said, “We are excited to further strengthen our partnership with IndusInd Bank as they embark on their journey with the RuPay network. IndusInd Bank’s Platinum RuPay Credit Card seamlessly combines convenience of UPI with the rewarding experience of credit cards. RuPay has progressively established itself as a modern, contemporary, and vibrant brand, characterized by tailor-made value propositions supported by cutting-edge technology that ensures both wider acceptability and security. As RuPay credit cards continue to gain momentum in terms of issuances and market share, we at NPCI remain steadfast in our mission to further enhance credit accessibility in India, thereby transforming the way Indian consumers engage in financial transactions.”

About IndusInd Bank:

IndusInd Bank Limited commenced its operations in 1994 catering to the needs of consumer and corporate customers. Since its inception, the Bank has redefined the banking experience for its customers including various government entities, PSUs, retail and large corporations. As on September 30, 2023, IndusInd Bank has a customer base of approx. 37million, with 2631 Branches/Banking Outlets and 2903 ATMs spread across geographical locations of the country and covering 1,43,000 villages. The Bank has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology that supports multi-channel delivery capabilities. It enjoys clearing bank status for both major stock exchanges BSE and NSE and settlement bank status for NCDEX. It is an also an empanelled banker for MCX.

RATINGS

Domestic Ratings: 

CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds

CRISIL AA for Additional Tier 1 Bonds program

CRISIL A1+ for certificate of deposit program / short term FD program

IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research

IND AA for Additional Tier 1 Bonds program by India Ratings and Research

CARE A1+ for Certificate of Deposits 

International Ratings:

Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service

Visit us at https://www.indusind.com/   

Twitter:  @MyIndusIndBank   

Facebook: https://www.facebook.com/OfficialIndusIndBankPage   

Instagram: https://www.instagram.com/indusind_bank/ 

Goverdhan S. Rawat And Dr. Ajay Kumar Sood Join NABARD As Deputy Managing Directors

The National Bank for Agriculture and Rural Development (NABARD) announced the appointment of Shri Goverdhan S. Rawat and Dr. Ajay Kumar Sood as Deputy Managing Directors. These additions to the leadership team will bring valuable experience and expertise to further strengthen NABARD's commitment to promoting inclusive rural development and agricultural financing.     

Shri Goverdhan S. Rawat, the newly appointed Deputy Managing Director at NABARD, brings a distinguished record of over three decades of experience within the organization. He assumed his role following a successful tenure as Chief General Manager at Pune, Maharashtra Regional Office. Shri Rawat's expertise spans project appraisal, infrastructure financing, rural development, district credit planning, consulting services, board secretariats, and human resources. His academic qualifications comprise a Graduate degree in Agriculture & Animal Husbandry, CAIIB, a Post Graduate Diploma in Banking and Finance, and an MBA in Leadership and Strategy.  

Dr. Ajay Kumar Sood has joined NABARD as Deputy Managing Director, following a successful stint as Chief General Manager of NABARD, Himachal Pradesh Regional Office in Shimla. With a strong focus on rural infrastructure development, he played a pivotal role in implementing funds like RIDF, Micro Irrigation Fund, and Warehouse Infrastructure Fund. With a background in agriculture from Chaudhary Sarwan Kumar Himachal Pradesh Krishi Vishvavidyalaya (CSKHPKV) and a PhD in Agricultural Economics from the Indian Agricultural Research Institute (IARI), New Delhi, his commitment to rural prosperity is evident in his career. 

2023 International Conference On Recent Advances In IT For Sustainable Development (ICRAIS-2023)

The Department of Information and Communication Technology at Manipal Institute of Technology is delighted to announce the "2023 International Conference on Recent Advances in Information Technology for Sustainable Development (ICRAIS-2023)." This event marks a pivotal moment in the fields of Engineering and Applied Science, reflecting a strong multidisciplinary commitment to sustainable development and the well-being of humanity.

ICRAIS-2023 stands as a vital convergence of visionaries, innovators, and change-makers from around the world. It offers a platform for showcasing revolutionary ideas and engaging in meaningful dialogues, with the goal of developing solutions that positively impact humankind.

The conference aims to bridge the gap between theoretical knowledge and practical application in information technology and sustainable development. It features a diverse program, including keynote speeches from distinguished experts and technical paper sessions, fostering an environment for addressing society's pressing challenges.

ICRAIS-2023 is a unique opportunity for researchers, technology solution seekers, domain experts, and entrepreneurs to collaborate, exchange insights, and build valuable networks.

We are excited to announce that all accepted and presented papers at ICRAIS-2023 will be eligible for consideration for publication in the IEEE Xplore® Digital Library, as part of the IEEE Conference Publications Program (CPP). This reflects our commitment to disseminating knowledge and promoting academic growth.

The organization and success of ICRAIS-2023 is a testament to the hard work of the organizing committee, the dedication of participants, and the invaluable support of our collaborators. This event represents a significant milestone in the academic community, demonstrating our shared commitment to a sustainable and impactful future.

We cordially invite the industry experts, and the public to join us in this enlightening journey. ICRAIS-2023 promises to be a landmark event in the quest for innovative and sustainable solutions.

Date: November 6th and 7th, 2023

Venue: Department of Information and Communication Technology, MIT Manipal

For more information, visit our website: https://conference.manipal.edu/ICRAIS2023/

Standard Chartered Bank Drives In Financing Access For Tata Motors’ Passenger Electric Vehicle Dealers

Standard Chartered Bank, India, today announced that it has partnered with Tata Motors, India’s leading automobile manufacturer, for offering Supply Chain Finance Solutions to their passenger Electric Vehicle (EV) dealers. Currently Standard Chartered Bank offers inventory funding limits to the ICE dealerships of Tata Motors, across its Passenger and Commercial Vehicle businesses.

The Memorandum of Understanding (MoU) will enable the Bank to extend additional limits to the dealers exclusively for procurement of EVs from Tata Motors, through its subsidiary Tata Passenger Electric Mobility Limited (TPEML). 

Tata Motors has been dominating the Indian 4-wheeler EV market commanding a market share of over 73% and this funding solution will further augment the company’s efforts to increase EV adoption in the country and provide its dealers access to finance for their EV business.

Ankur Khurana, Managing Director & Co-Head, Client Coverage, India, Standard Chartered Bank, said,  “We are excited to extend our supply chain offering to the high growth EV business of Tata Motors. This augurs well for our strategy to support sustainable industries, and is yet another testimony of our long-standing engagement with Tata Motors and the Tata Group, which spans over many decades and represents one of our most valued relationships globally.”

Speaking on the partnership, Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd. and Director, Tata Motors Passenger Vehicles Ltd, said, "The EV customers today expect a differentiated experience at various touch points in their ownership journey with the brand. As leaders of the 4-wheeler EV space, we are committed to working with the right partners in our effort to further grow the market. To that effect, we are happy to partner with Standard Chartered Bank to further assist our authorised passenger electric vehicle dealer partners with an exclusive financing program. We are confident that this partnership will prove beneficial for all parties as we continue to expand our presence in this space.” 

Photo Caption: Tata Motors (TML), India’s leading automobile manufacturer, announces its partnership with Standard Chartered Bank, India, offering Supply Chain Finance Solutions for TML's Passenger Electric Vehicle dealers. In the image, senior officials from both companies at the MoU signing.

Godrej Security Solutions Embarks Upon New Campaign #DeshkiTijori Campaign With Bollywood Star Ayushman Khurana

* To spread awareness of Home Security, Godrej Security Solutions has conceptualized a life-sized locker on wheels’ with a smart home integrated in it. It has started touring in Mumbai and aims to cover 100 cities in less than 100 Days

Link: https://www.youtube.com/watch?v=IquGeXqJNDo

Synonymous to the word “tijori”, Godrej has made a name for its lockers or safes over the years – starting from the very first ‘Made in India’ locker in 1902. Recently, Godrej Security Solutions unveiled their latest campaign ‘Desh Ki Tijori’ with brand ambassador Ayushmann Khurrana which highlights the brand’s legacy but also how it’s on a path of constant innovation.

The business unit of Godrej & Boyce, the flagship company of the Godrej Group, as a part of their marketing campaign, designed a smart van that looks like a ‘locker on wheels’. This vehicle houses their latest innovations from home cameras, cctvs, and a range of digital lockers among other home security solutions. The Smart home inside the Van represents a powerful initiative that is aimed at inspiring and guiding home owners toward adopting smarter home security solutions and prioritising home security.

Flagged off in Mumbai by none other than Bollywood Star, Ayushmann Khurrana, the smart van visited some iconic spots in the city including Horniman Circle, Bandra-Worli Sea-Link, Gateway of India and more. Not only that, the ‘locker on wheels’ and it’s equivalents will be traveling pan India across 100 cities in less than 100 days as a part of this activity.

Mr. Pushkar Gokhale, Senior Vice President & Business Head of Godrej Security Solutions, said “As a leading security brand, we recognize the importance of engaging directly with our target audience from the perspective of gathering critical insights.

We've taken this initiative to create a life-sized, mobile smart home locker - a compelling proposition designed to educate users about the paramount significance of home security and safety. This innovative concept unfolds a fully furnished home interior, serving as a dynamic showcase of our comprehensive home security solutions including home lockers, video door phones, CCTV cameras, and alarm systems. This immersive experience will allow users to get a firsthand look at our products. Our team of dedicated sales consultants will assist and advise our customers in selecting the ideal home security products that align with their needs. This personalized guidance is a crucial step in cultivating a security-conscious mindset amongst customers. As an integral part of this initiative, we are thrilled to introduce "four vans" that will embark on an incredible journey spanning East, West, North, and South, commencing in Mumbai. Over the course of less than 100 days, these vans will traverse 100 cities, ensuring that our message of security and safety reaches far and wide."

Ayushmann Khurrana, – Bollywood star & Brand Ambassador, Godrej Security Solutions, said “As someone who travels a lot and spends so much time outside the home, I completely understand the value of security of my home and its surroundings. Like so many Indians, I too have grown up with Godrej in my home, in some form or the other and it’s truly an honour to be associated with Godrej Security Solutions. I remember an old ‘tijori’ that my family had and it was seen as the epitome of securing valuables in the house. Today, as I want more tech enabled and digitally savvy products I am so glad I can still trust a Godrej ‘Tijori’ for my ‘peace of mind’ but only I have a very cool digital locker with biometric scanners. This is exactly what today’s campaign is about, that the tijori or the Godrej home locker has constantly been evolving. And I’m so thrilled to see how Godrej Security Solutions is focusing on innovations constantly not only for our homes but for India overall. Because as a consumer we are linked directly or indirectly. We will want our home locker and bank locker to be secured by the best after all!”

About Godrej Security Solutions:

Godrej Security Solutions is a division of Godrej & Boyce Mfg. Co. Ltd and part of the USD 4.1 billion Godrej Group. A pioneer and leader in the business, Godrej Security Solutions Division is the largest manufacturer and marketer of Security Solutions in India. It is the largest supplier of security solutions to several prestigious banking, corporate and public institutions. For the first time in the category and the industry, Godrej Security Solutions Division has been awarded the Superbrand status. It has also won the “Most Preferred brand” award in the Home Segment. The Division currently exports its products to over 45 countries including Middle East Asia, South East Asia, Far East Asia, East Africa, the US, Europe and the SAARC Countries.