Tata Power Receives The First Set Of BESS From TATA AutoComp For Its Energy Storage Park

·         Tata Power to integrate these BESS at its renewable sites to enable round-the-clock supply of clean power

Tata Power has received the first set of Battery Energy Storage Systems (BESS) from TATA AutoComp, a leading auto-component conglomerate today at Pune.

The BESS were handed over to Dr. Praveer Sinha, CEO& MD, Tata Power. These BESS will be deployed at the construction of 120 MW Energy Storage Park at Chhattisgarh.

Tata AutoComp also inaugurated its manufacturing facility for state-of-the-art Battery Energy Storage System (BESS). The plant was inaugurated by Dr. Praveer Sinha, CEO&MD, Tata Power and Mr. Arvind Goel, Chairman, Tata AutoComp Systems Limited.

The Li-Ion Based BESS will be manufactured under its joint venture Tata AutoComp Gotion Green Energy Solutions Pvt. Ltd.

Dr. Praveer Sinha, CEO&MD, Tata Power, said, "We are happy to collaborate with Tata AutoComp for Battery Energy Storage Systems (BESS). With the rise of renewables, energy storage has become critical to address the intermittency of solar and wind energy resources. We shall integrate these BESS at our renewable sites to enable round-the-clock supply of clean power and ensure a speedier green energy transition.”

Arvind Goel, Chairman, Tata AutoComp, said, “Tata AutoComp has always been a pioneer in introducing cutting edge technology to its customers. We are leveraging our knowledge in the automotive domain to serve emerging markets which have a synergy in technology. We have been pioneers in launching the Li-Ion based Battery packs and BMS for the Electric Vehicle segment. We are now leveraging this knowledge to build Battery Energy Storage Systems. We will supply these BESS to Tata Power, which is a leading integrated Energy company of the Tata Group.”

Spread over 22,227 square feet, the newly inaugurated BESS facility will have a capacity of 6 GWH and will serve the emerging energy storage industry.

Tata AutoComp had earlier entered into an agreement with Tata Power Solar Systems Ltd, a subsidiary of Tata Power Renewable Energy Limited, to supply BESS for its renewable projects.

Manipal Hospital Celebrates Grown-Up Children’s Day 2.0

* 250-300 Senior citizens shared a 2-minute video to showcase their skills to become the brand ambassadors of Manipal Hospitals

After the grand success of the first edition of the Grown-up Children’s Day, Manipal Hospital came up with the second edition, with a more enchanting and inclusive experience for senior citizens. The main objective of the event was to give the senior citizens an opportunity to be a part of the fun activities that they miss out on due to various health restrictions. The event was planned and executed by the marketing team where they invited around 200/300 senior citizens from the neighborhood for the event. The elderlies were willing to step forward and become Manipal Hospital’s brand ambassadors and torch-bearers because the hospital always goes beyond their services and provides hospitality care for their patients. The event aims to create a platform to showcase the rich skill set of the seniors who are eager to support the day-to-day activities of the doctors and patients.

A key event highlight included senior citizens sharing 2-minute videos showcasing their unique skills. The videos showcased incredible talent and skills including singing, poetry, recitation, dancing, acting, and painting to extend their support to the day-to-day activities of the doctors, patients, and hospital. The event featured a variety of fun activities, including painting, poetry, illustrations, storytelling, and quizzes, creating a lively atmosphere. This celebration served as a testament to the vibrancy and spirit of our senior citizens, continually inspiring us with their zest for life. These senior citizens are going to be the torchbearers of voices to spread awareness regarding various critical diseases that require immediate care and attention helping people save lives.

On this occasion, Mr. Karthik Rajagopal, Chief Operating Officer, Manipal Hospitals stated “I am truly touched by the warmth and enthusiasm shared by our senior citizens from the neighbourhood. The event surpassed our expectations, showcasing not just the talents but the indomitable spirit of our elders. Their active participation and contributions have not only made this event a success but have also left an enduring impact on our entire community.

We remain dedicated to creating spaces and events that celebrate the rich experiences of our senior citizens, fostering a sense of belonging and joy. Engaging in these activities will provide our senior citizens with opportunities to stay occupied, which will help them stay active both mentally and physically. Furthermore, this will create a platform for all senior members to engage with the IP (In-patients) and the groups across the units to showcase their talent.

Additionally, these senior citizens will play an integral role in the "Community Connect Portal," a platform where they will share their thoughts and experiences, fostering a sense of community and providing valuable insights that will benefit both doctors and patients alike.

Grown-Up Children's Day 2.0 stands as a testament to the vibrant spirit of our senior citizens from the neighborhood and the unwavering commitment of Manipal Hospital to provide holistic care. The resounding success of both the first and second editions reflects the deep sense of community and shared joy that defines our healthcare philosophy. Manipal Hospital remains steadfast in its dedication to fostering an environment where every individual, regardless of age, feels valued, appreciated, and part of a thriving community.

Leveraging Metaverse BITS Pilani WILP Hosts Arguably India's Largest Convocation For Working Professionals

i

The Work Integrated Learning Programmes (WILP) division of Birla Institute of Technology & Science (BITS) Pilani hosted a convocation, in which 7514 working professionals were awarded their respective degrees in 26 different degree programmes (i.e. 5183 with M.Tech., 1641 with MBA, 620 with B. Tech., and 70 with M.Sc. degrees).

This was arguably the first convocation in India that was organised for working professionals at such a large scale, especially by a leading higher education institute in science, engineering, and management domains. While about 900 working professionals, accompanied by their loved ones, participated in the Convocation organized at the Hyderabad campus and received their degrees in person, several thousands of others received theirs virtually through the revolutionary Metaverse technology in a near-realistic and immersive environment.

Dr. BVR Mohan Reddy, Founder Chairman & Board Member, Cyient and the Padma Shri Awardee, gracing the occasion as the chief guest, extended his warm congratulations to all the graduates. He emphasized the importance of lifelong learning and urged the graduates to be bold in their ambitions, not settle for mediocrity, and constantly aim for excellence.

The Padma Bhushan Awardee, Dr. Kumar Mangalam Birla, Chancellor, BITS Pilani, through his special message, encouraged the graduates to dare to dream and make a difference, besides congratulating them for earning well-deserved milestones through their tireless efforts. The presence of senior leadership team, the senate, faculty, and staff members from BITS Pilani (who were instrumental in the success of the graduates or supported them in their respective capacities) helped make the overall convocation experience even more memorable.

Prof. V. Ramgopal Rao, Vice Chancellor of BITS Pilani, in his congratulatory message to the graduates, emphasized the critical role of an enhanced focus on education in meeting the dynamic needs of sectors like IT & ITeS, manufacturing, electrical & electronics, BFSI, pharma & healthcare, automotive, and energy. He affirmed that the graduates from work integrated learning programmes will not only use the knowledge gained to benefit their own careers and organizations, but will also play a vital part in contributing to genuine nation-building endeavors.

During his convocation address, Prof. G. Sundar, Director, Off-Campus Programmes & Industry Engagement, BITS Pilani, said, “For over 43 years now, more than 114,000 working professionals have leveraged BITS Pilani’s highly acclaimed work integrated learning programmes. Be it in computer science and information systems, core engineering, electrical & electronics engineering, or management domains, our key endeavour as a leading institution in the work integrated learning space has been to constantly enhance learning experiences of working professionals, through effective collaborations with their employers. With working professionals being at the core of this ecosystem, I wish to congratulate them on their graduation today and for their constant efforts in helping us design and deliver engaging and customized learning experiences.”

About BITS Pilani:                                                                                                                     

BITS Pilani is an Institution of national repute, known for providing technical education of the highest standards and is well recognized for its innovations, and strong links with industry. It is consistently ranked as the best private engineering & technology institution by leading ranking agencies and publications. MHRD, Govt. of India, in August 2018 announced BITS Pilani as one of the first six Institutions of Eminence in the country. It is one of the few universities that has created an institutionalized framework for achieving a vibrant environment that successfully inculcates an ambience for experiential and cooperative learning and education. BITS Pilani views education as a continual engagement and experience, and ensures that the learning experience is integrated seamlessly not only across its classrooms and laboratories, but also in the industry, as exemplified by its Practice School, and Work Integrated Learning Programmes.

About BITS Pilani Work Integrated Learning Programmes (WILP):

India has a large and qualified professional workforce, which must and will continue to grow in size, complexity, and quality. Given the nature of modern professions, and the acquired reputation of Indian professionals in these roles, continual learning and higher educational qualifications are necessary tools for the nation to succeed within, and compete globally. Work Integrated Learning Programmes of BITS Pilani (WILP) are degree/diploma/certificate programmes, which are developed and conducted by BITS Pilani in association and jointly with organizations representing various industry sectors.

Bank of Baroda Inaugurates 6th Edition Of “Baroda Kisan Pakhwada” – An Annual Outreach Programme For Indian Farmers

* Through Baroda Kisan Pakhwada, the Bank engages with farmers and creates awareness of various agri initiatives taken by the Bank as well as agri products & schemes offered  

* The Bank aims to reach out to 4 lakh farmers during the Baroda Kisan Pakhwada programme 

Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of the 6th edition of “Baroda Kisan Pakhwada”, the Bank’s annual, fortnight long engagement programme focused on the Indian agrarian economy. The farmer engagement programme commences on November 16, 2023, and will conclude on November 30, 2023, with the Baroda Kisan Diwas celebrations. During the two-week long agri festival, the Bank’s semi-urban, rural and select metro and urban branches across the country will actively participate. The Bank is targeting to reach 4 lakh farmers during the course of the Baroda Kisan Pakhwada through a number of outreach events. 

During the fortnight, the Bank will reach out to farmers and create awareness about various initiatives such as the Kisan Credit Card drive in the name of "Ghar-Ghar KCC Abhiyaan" as well as create awareness on agri products, schemes/offers and delivery channels offered by Bank of Baroda for the benefit of the farming community. The event will also help to promote various Atmanirbhar Bharat schemes introduced by the Government of India such as the Agriculture Infrastructure Fund (AIF), Animal Husbandry Infrastructure Development Fund (AHIDF), Pradhan Mantri Matsya Sampada Yojana (PMMSY), PM Formalisation of Micro Food Processing Enterprises Scheme (PM-FME), etc.  

The Bank will organise farmer meetings, choupals, kisan melas and health camps (for the soil, animals and farmers) during the fortnight and will also use this occasion to promote awareness on financial literacy and cyber frauds to participants.  

Speaking on the occasion, Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “The Baroda Kisan Pakhwada is a one-of-its-kind farmer engagement and outreach programme in the Indian banking industry. Through this programme, our aim is to acknowledge and appreciate the contribution of the agriculture sector to the Indian economy and help them grow by offering them a range of agri-specific lending products as well as other banking products & services. Bank of Baroda has a rich legacy of serving its agri customers and the Baroda Kisan Pakhwada is one such initiative aimed at strengthening this bond.” 

During the Baroda Kisan Pakhwada held in 2022, a total of 20,152 outreach programmes like Farmer Meetings, Choupals, Kisan Melas, Health Camps (Soil, Animal, Farmer) etc were organised and the Bank connected with 3,87,179 farmers during this period.  

Bank of Baroda’s lending to the agriculture sector stands at Rs 1,30,694 crore as on September 30, 2023, recording a 13.7% year-on-year growth.  

To apply for an agri loan from Bank of Baroda, customers can visit – https://bit.ly/AGRILoans   

Legends League Cricket All Set To Start Its First Leg In Ranchi Tomorrow

* Munaf Patel, Pravin Tambe and Hashim Amla along with Andrew Leipus and Raman Raheja unveiled the trophy of the Legends League Cricket 

The cricketing world is set to witness a grand reunion as legendary cricketers, Munaf Patel, Pravin Tambe, and Hashim Amla along with Andrew Leipus and Raman Raheja took center stage to kickstart the highly anticipated season of Legends League Cricket (LLC) on Saturday at the JSCA Stadium in Ranchi. The league will see Bhilwara Kings and India Capitals, led by Irfan Pathan, clash against the other, promising fans a nostalgic journey and a spectacular display of cricketing prowess. 

Speaking on the eve of tournament, former Indian cricketer Munaf Patel said, "Legends League Cricket is one of the biggest leagues of the country. And talking about starting the league in Ranchi, only one name comes to mind, my captain, M.S. Dhoni. The stadium that also has his name on the pavilion, is definitely one of the best stadiums in the country. "

Talking about India clash with Australia, he further added that “we are really excited and looking forward for India’s win in the finals of ICC World Cup.”

The Legends League Cricket, a six-team tournament will be played across five cities in India - Ranchi, Dehradun, Jammu, Vizag, and Surat and is scheduled to run from November 18 to December 9, 2023. The much-anticipated season will commence with a thrilling rematch between Bhilwara Kings and India Capitals on Saturday, a repeat of last season's final where India Capitals emerged victorious, lifting the coveted trophy.

Bhilwara Kings boast a potent lineup comprising cricketing stalwarts and emerging talents. The explosive batting duo of Irfan and Yusuf Pathan, combined with the strategic prowess of Shane Watson, adds a dynamic edge to the team. The bowling attack, featuring the likes of Ryan Sidebottom and Iqbal Abdulla, promises to keep opponents on their toes. 

The India Capitals present a formidable combination of seasoned campaigners and rising stars. The team's bowling arsenal is strengthened by the presence of   Pravin Tambe, the dynamic Ashley Nurse, and the experienced Fidel Edwards. 

Star spinner Pravin Tambe said, "Legends League Cricket is a platform to relive the joy and passion for cricket. India Capitals is a team filled with talent, and I am honored to be part of this journey."

Raman Raheja, CEO and Co-founder, Legends League Cricket said, “We are hoping for an exciting and scintillating season starting from November 18. We would like to take the opportunity to thank our fans for the huge response and are looking forward to packed stadiums for all the matches. The matches will be reminiscent of cricketing talent that the entire country has loved over the years.” 

19 matches will be played across 22 days in what promises to be a mouth-watering tournament. After Ranchi, the action will shift to Dehradun on November 24, with the Bhilwara Kings clashing with the Gujarat Giants in what will be the sixth match of the season.

Six teams; India Capitals, Bhilwara Kings, Gujarat Giants, Manipal Tigers, Southern Super Stars, and Urbanrisers Hyderabad will be fighting their way to the coveted trophy.

Bowring Institute ITF World Women's Tour begins today; Sharmada, Suhita given wildcards

The Bowring Institute, which is renowned for its history tracing more than a century ago, is all set to continue its legacy when it hosts the Bowring Institute ITF World Women's Tour which kicks off with the first qualifying round on Sunday.

Players from as many as ten countries including hosts India will be seen in action at the spruced-up clay courts of Bowring Institute in the event which boasts of a total prize purse of US $25,000.  

“We are thrilled to host the Bowring Institute ITF World Women's Tour and welcome players from across the world to showcase their talent on our courts. This tournament adds another chapter to our tennis legacy, said Bhaskar, Vice President, Bowring Institute.

Sunil Yajaman, Tournament Director and Hon. Jt. Secretary of the Karnataka State Lawn Tennis Association (KSLTA) said: "We sincerely thank Bowring Institute for taking up the responsibility to host the ITF Women’s 25,000 prize money event and we are extremely happy that Bowring Institute, which has a rich tennis history, is again back on the Global Tennis Map. I thank the Hon. Secy Mr.  HS Srikanth and the entire team who have made some amazing arrangements for the players.”

Emphasizing on the significance of hosting international events in the country and especially Karnataka, Yajaman said: “We have taken a conscious decision to activate the various districts in Karnataka which will not only put them on the world tennis map but give our players an opportunity to earn valuable ATP points. We are proud to say that we are hosting six ITF events and one ATP Challenger event in a span of just five months.”

As many as six Indians – Rutuja Bhosale, Vaidehi Chaudhari, Pranjala Yadlapalli, Zeel Desai, Shrivalli Rashmikaa Bhamidipaty, and Humera Baharmus – are a part of the 20 players who have earned a direct entry in the main draw of 32. The rest of the 12 spots will be filled up by eight qualifiers and four wild cards.

Karnataka’s top player Sharmada Balu and the promising Suhitha Maruri have been given wildcards along with Anjali Rathi and Sahira Singh. The wildcards for the qualifying include Vidhyalakshmi S, Sai Janvi, Sanjitha Ramesh (all Karnataka), Lakshmi Prabha and Sejal Gopal Bhutada.  

LN Ajay Singh, Director Sales and Marketing, Advait Hyundai who was one of the guests of honour said: "The Bowring Institute holds a special place in the hearts of sports enthusiasts. As the presenting sponsor, Advait Hyundai is honoured to be associated with an event that continues the rich legacy of this iconic institution."

The Bowring Institute has long been a bastion of tennis tradition, having witnessed thrilling matches and iconic moments on its courts with players like Ramanathan Krishnan, Joydeep Mukherjea, former World No.1 Ilie Nastase and former singles top-10 tennis player Ion Tiriac (who became so rich that he opened a bank), amongst others treading the soils of Bowring Institute.

With a competitive field comprising some of the best players, the tennis buffs are in for a feast of high-quality tennis action.

Photo Caption: From left: Dharaka Ellawala, ITF Supervisor, Sharmada Balu, Bhaskar, Vice President, Bowring Institute, Sunil Yajaman, Tournament Director and Hon. Jt. Secy, KSLTA, Suresh Rao, Tennis Member In-charge, Bowring Institute and LN Ajay Singh, Director Sales and Marketing, Advait Hyundai during the press conference of the Bowring Institute ITF World Women's Tour on Saturday.

Fedbank Financial Services Limited IPO To Open On Wednesday, November 22, 2023

·         Price Band fixed at Rs  133 to Rs  140 per Equity Share of face value of Rs  10 each (“Equity Share”) Employee discount of Rs 10 per Equity Share;

·         The Floor Price is 13.30 times and the Cap Price is 14.00 times the face value of the Equity Shares;

·         Bid/ Offer will open on Wednesday, November 22, 2023 and close on Friday, November, 24, 2023. The Anchor Investor Bidding Date shall be Tuesday, November 21, 2023;

·       Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter;

·       RHP Link:

https://www.icicisecurities.com/Upload/ArticleAttachments/Fedbank%20Financial%20Services%20Limited%20-%20RHP.pdf

Fedbank Financial Services Limited (The “Company”), shall open its initial public offering of Equity Shares on Wednesday, November 22, 2023. The initial public offering comprises of a fresh issue of Equity Shares aggregating up to ? 600 crore (“Fresh Issue”) and an offer for sale up to 35,161,723 Equity Shares by selling shareholders (the “Offer for Sale” and together with the Fresh Issue, the “Offer”).

 The Anchor Investor Bidding Date shall be Tuesday, November 21 2023.  The Offer will open on Wednesday, November 22, 2023 for subscription and will close on Friday, November 24, 2023.

 The Price Band of the Offer has been fixed at Rs  133 to Rs  140 per Equity Share. Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter. The offer include reservation of upto Rs  10 crore for Employees at a discount of Rs  10 per equity share.

 The Company proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting Company’s Tier – I capital base to meet Company’s future capital requirements, arising out of the growth of its business and assets. Further, a portion of the proceeds from the Fresh Issue will be used towards meeting Offer Expenses.

 The Offer for Sale comprises of up to 5,474,670 Equity Shares by The Federal Bank Limited (“The Promoter”) and up to 29,687,053 True North Fund VI LLP (“The Investor Selling Shareholder”)

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock   Exchange of India Limited (“NSE”). For the purposes of the Offer, the Designated Stock Exchange shall be National Stock Exchange of India Limited.

The Offer includes a reservation aggregating up to Rs  10 crore for subscription by Eligible Employee (The “Employee Reservation Portion”) and a discount of up to Rs 10 per shares of the offer price to eligible employee bidding in the employee reservation portion. (“Employee Discount”)

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders of which (a) one third shall be reserved for applicants with application size of more than Rs 200,000 and up to Rs 1,000,000; and (b) two third shall be reserved for applicants with application size of more than Rs 1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of UPI Bidders (defined hereinafter), in which the corresponding Bid Amounts will be blocked by the SCSBs to participate in the Offer. Anchor Investors are not permitted to participate in the Offer through the ASBA process. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. For details, see “Offer Procedure” on page 465.

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited and JM Financial Limited are the Book Running Lead Managers to the Issue.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.