Torque Pharma Celebrates “Doctor's Day” Across 13 Hospitals

In a heartfelt tribute to the doctors who are unsung heroes, their firm dedication and tireless efforts, Torque Pharma celebrated “Doctor's Day” with grandeur and gratitude across 13 hospitals. The celebrations included cake-cutting ceremonies, thank you notes, and thoughtful gift hampers to honour the devoted medical professionals.

To add a touch of personal connection and fun, Torque Pharma also organised a small activity wherein doctors had the opportunity to showcase their talents, highlighting their creativity and versatility beyond their professional roles.

A.I.S Bedi, Managing Director of Torque Pharma said, “Doctors are the backbone of the healthcare system. Their dedication and hard work are crucial to our well-being. This celebration is our way of expressing heartfelt thanks for their essential contributions.”

Mandeep Singh, Executive Director of Torque Pharma said, “Doctors devote their lives in treating ailing patients. Their commitment to patient care goes far beyond the call of duty.  At Torque Pharma we are honoured to recognize and celebrate their remarkable service and dedication.”

The event was hosted across 13 hospitals in Chandigarh, Sahibzada Ajit Singh Nagar, Mohali & Panchkula & Derrabassi namely Kare Partner (Chandigarh), Dharam Hospital (Chandigarh), Bedi Hospital (Chandigarh), Motherhood Hospital (Sahibzada Ajit Singh Nagar), Indus International Hospital (Derrabassi), Indus Hospital (Mohali), Indus My Hospital (Mohali), Indus Super Speciality Hospital (Mohali), Shalby Hospital (Mohali), Kare Partner (Panchkula), Grecian Hospital (Sahibzada Ajit Singh Nagar), Eden Hospital (Chandigarh), and Medpark Hospital (Sahibzada Ajit Singh Nagar).

Doctors At Medicover Hospital erform Complicated Robotic – Assisted Surgery To Save A Man From Pancreatic Cancer; First In AP

·         This operation of pancreatic cancer is considered as one of the most complex GI surgeries

·          It has been performed robotically, only in very few centres across the world.

Doctors at Medicover Hospital, a leading multispecialty hospital in Visakhapatnam, performed a unique robotic-assisted surgery to save a 77-year-old pancreatic cancer patient. The surgery called ‘Whipple procedure’ was done with the help of one of the best robotic-assisted surgery systems, da Vinci made by US based Intuitive. This rare procedure has only been performed by a handful of surgeons worldwide and this is the first time ever a Whipple procedure is being performed with the help of a surgical robot in Andhra Pradesh. The surgery was led by Dr. Biswabasu Das, Director- Department of Surgical Gastroenterology.

The patient who had progressive jaundice and itching all over the body was diagnosed with cancer in the head of the pancreas (periampullary region) during initial assessments. He was suggested to undergo an open Whipple procedure from other hospitals. Upon further consultation at Medicover hospital, the patient was recommended to undergo robotic Whipple surgery.  This procedure requires to remove a part of pancreas, duodenum, bile duct, gall bladder, and the surgeons need to reconnect all these parts after the removal of cancer tissues. This requires meticulous reconstruction; hence this surgery is done only by highly trained surgeons.

Commenting on the complexity of the procedure, Dr. Biswabasu Das said, “Traditionally this operation is performed by open surgery with large incisions of 15-20 cms over abdomen. From my more than two decade long surgical experience, I have witnessed patients struggle with prolonged recovery and postoperative pain following open Whipple procedures. When we make such large incisions, it will require high amount blood transfusion, as well. But, now with advanced surgical technologies like da Vinci robotic surgery, we can do it more precisely with small incisions. It has shown remarkable efficacy in improving the patient outcomes. Conventional open surgery poses significant postoperative complications, as well. The patient takes several days to recover, start walking and do normal activities like eating and defecation. Compared to these, the patient who underwent the robotic – assisted surgery was discharged in only four days and resumed day - to – day activities soon, which is quite early considering how this procedure is regarded as one among the most complex abdominal surgeries. Typically, during the surgical procedure, various tubes like T –tubes are inserted to facilitate post-operative care. Due to minimal blood loss and reduced pain, the patient recovered swiftly, and all tubes were removed in no time”. 

The introduction of advanced medical technologies such as robotic-assisted surgical systems has transformed the way gastrointestinal surgical procedures are performed at the hospital. There has been a significant increase in the number of patients seeking robotic surgery over other conventional methods. The hospital recently completed 100 surgeries since the installation of da Vinci RAS system three months back. 

“At our hospital, we perform a wide range of surgical procedures, from common cases like gallbladder stones and appendix surgeries, to complex procedures such as Hepato-Pancreato-Biliary surgeries, foregut surgeries including fundoplication, gastroenterostomy and treatments for achalasia cardia, colorectal surgeries and acute abdominal emergencies. All these procedures which were done either laparoscopically or through conventional means are now being done robotically. There is a significant demand for robotic – assisted surgery which indicates the need for hospitals to invest in the technology and make it accessible to more patients. An increase in the adoption of robotic systems will elevate the quality of patient care,” Dr. Biswabasu Das, added.  

Robotic-assisted surgery, being minimally invasive, involves only small incisions and results in reduced blood loss. The three dimensional vision and precision the technology offers improves the accuracy of surgical procedures, leading to enhanced patient outcomes.

21 Students of Aakash Educational Services Limited (AESL) Secure AIR 1; 39 Students Feature In Top 100 In NEET UG 2024

* 21 Students Achieve a Perfect 720/720 Score, Securing AIR 01

* 39 Aakashians Secured Positions in Top 100; 28 are from Classroom Program, 10 are from the Distance Learning Program (DLP), and 1 is from the Digital Program.

Aakash Educational Services Limited (AESL), the national leader in test preparatory services, proudly announces that 21 of its students have secured All India Rank (AIR) 1, and 39 students have secured positions in the top 100 in the NEET UG Examination 2024. The National Testing Agency (NTA) released the revised results on Monday.

An impressive 21 students achieving a perfect score of 720/720, along with 39 students securing positions in the Top 100 in the General Category, marking them as among the highest NEET scorers.

Among these top achievers, 28 are from AESL's Classroom Program, 10 are from the Distance Learning Program (DLP), and 1 is from the Digital Program, showcasing the effectiveness of AESL's diverse educational platforms.

Notable Aakashians who secured AIR 1 are Mridul Manya Anand, Ayush Naugraiya, Akshat Pangaria, Aditya Kumar Panda, Arghyadeep Dutta, Saksham Agrawal, Sujoy Dutta, Aryan Yadav, Manav Priyadarshi, Palansha Agarwal, Dhruv Garg, Kriti Sharma, Samit Kumar Saini, Iram Quazi, Ved Sunil Kumar Shende, Tathagat Awatar, Gunmay Garg, Subhan Sengupta, Krishnamurti Pankaj Shiwal, Ved Patel and Darshan Paghdar amongst others. Their perfect scores of 720/720 highlight the rigorous training and exceptional faculty support at AESL.

Commenting on the impressive results, Mr. Deepak Mehrotra, CEO and MD of Aakash Educational Services Limited (AESL), said, "These exemplary results are a testament to the dedication and hard work of our students, unconditional support by their families, the commitment of our faculty, and the robust support system at Aakash Educational Services Limited. We are incredibly proud of all our achievers who have demonstrated excellence and perseverance. Our diverse learning programs, both in the classroom and through distance learning, have once again proven their effectiveness in preparing students for such competitive exams. We remain committed to providing quality education and helping our students achieve their highest potential."

The students attributed their stellar performance to the rigorous coaching and support provided by Aakash Institute, a leader in preparing students for one of the world's most competitive exams. The NEET Exam is critical for admission to all medical colleges in India.

NEET is conducted annually by National Testing Agency as a qualifying test for students who wish to pursue undergraduate medical (MBBS), dental (BDS) and AYUSH (BAMS, BUMS, BHMS, etc.) courses in government and private institutions in India and also, for those intending to pursue primary medical qualification abroad.

Capri Loans To Expand Its Footprint With “70 Micro-LAP Branches” Across 6 States In FY25

Capri Loans, a leading non-banking financial company, is set to expand its footprint by opening 70 Micro-Loan Against Property (LAP) branches across six states in the fiscal year 2025. This growth strategy targets regions in southern India, including Andhra Pradesh, Telangana and in northern states like Madhya Pradesh, Gujarat, Rajasthan, and Uttar Pradesh.

The company plans to onboard approximately 550 skilled professionals, to ensure effective customer service in these branches. As part of this expansion, Capri Loans recently inaugurated two new micro-LAP branches in Bhopal region. This initiative aims to provide secure, small-ticket loans against property to self-employed individuals and business owners in the region. The average ticket size for micro-LAP is 5 lakh rupees for an average tenure of 60 months.

With flexible financial solutions, loans offering for nano-enterprise would range from 2-10 lakh rupees. Digitalisation will result in less paperwork and simplified credit underwriting where the Turnaround Time on loan disbursement will be as low as seven days. Capri Loans will promote these products primarily through below-the-line marketing strategies, aimed to reach a broader audience effectively.

Mr. Khalil Mohammad (Lead – Micro LAP) at Capri Loans emphasized, "MSMEs are vital for India's economic growth and development, driving employment, manufacturing, exports and fostering innovation and entrepreneurship. At Carpi Loans, we are committed to empower MSMEs and make credit accessible to the underserved segments of society. We understand the challenges faced by businesses in the weaker section of the society. Our micro-LAP facility serves beneficial for those who don't have documented income and struggle to qualify for loans. We aim to offer flexible and tailored credit solutions to fuel their growth ambitions supporting community development".

CredAble Launches Report On “Transforming Treasury Management & Optimising Cashflows Amidst Rising Liquidity Challenges”

* The report highlights a 20% increase in the Interest Service Coverage Ratio, reflecting improved debt management strategies for listed service firms

* Insights underscore the impact of inflation nearing 6% and rising interest rates at 6.5%, urging strategic working capital management for stability

CredAble, India's leading working capital technology platform, proudly announces the release of its latest whitepaper, "The Business Value of Working Capital Financing: A Working Capital Guide for the Corporate Treasurer." The whitepaper delves into the fundamental concept of working capital, its significance within the corporate world, and the economic factors influencing working capital requirements. It addresses treasury-specific challenges and demonstrates how strategic working capital solutions can generate substantial financial value, impacting both top and bottom lines.

The whitepaper reveals key findings, such as the potential for a 6.8% increase in return on assets through efficient cash flow management. It also addresses the impact of rising inflation, projected to reach 6%, and increased interest rates, now at 6.5%, on working capital requirements – further highlighting a 20% rise in the interest service coverage ratio across listed firms, in the recent past. Additionally, the report highlights how implementing a software-based Cash Management System (CMS) can improve cash flows by 10%.

Ram Kewalramani, Co-founder & Managing Director, CredAble, said, "The effective management of working capital is crucial for businesses, especially in today's asset-light and uncertain economic environment. Our whitepaper provides corporate treasurers with the knowledge and tools they need to navigate these challenges and optimise their working capital strategies for sustained financial success.”

Key Findings from the Whitepaper:

Economic Headwinds Impacting Working Capital Requirements:

Inflationary Pressure: With inflation anticipated to rise close to 6% within the Reserve Bank of India's (RBI) tolerance band, cost-push inflation driven by rising brent crude (35% increase over three years) and coal prices (75% increase) has significantly impacted operational costs across industries.

Interest Rates: The RBI has raised the key lending rate by 2.5% over a single year, now standing at 6.5%. This escalation has increased borrowing costs for enterprises, exerting pressure on their working capital.

Debt Market Movement:

The yield spread between corporate and government bonds has narrowed over the past three years, indicating reduced market liquidity. The inclusion of Indian government bonds in the JP Morgan emerging debt index is expected to increase government bond yields further, potentially reducing liquidity in the market.

Treasury-Specific Challenges and Solutions:

Cashflow Management: Effective management of cash flow is crucial, especially in an environment where 82% of enterprises face insolvency due to prolonged monetary crunches (SBA, 2021).

Debt Administration and Risk Mitigation: The report outlines strategies to manage debt efficiently and mitigate financial risks amidst rising interest rates and economic volatility.

Value Creation through Supply Chain Finance: Companies engaging in cash flow management have experienced a higher return on assets (6.8%). The report discusses how supply chain finance can generate substantial financial value, impacting both top and bottom lines and enhancing overall financial performance.

Working Capital Optimisation Strategies: CredAble’s pioneering programs are highlighted, showcasing how automated and multifaceted working capital management initiatives can help enterprises optimise their financial resources. Real-world examples and case studies illustrate successful implementations of these strategies.

Cash Ratio Comparison: Indian firms listed on the NSE have a cash ratio of 0.29 compared to 0.64 for firms listed on the S&P 500, highlighting liquidity differences between these markets.

Effects of Short-Term Debt: From FY22 to FY23, excessive short-term debt has significantly impacted firms, leading to increased financial pressure. Implementing a software-based Cash Management System (CMS) can improve cash flows by 10%.

ISCR Improvement: A 20% rise in the Interest Service Coverage Ratio (ISCR) across listed service firms (excluding IT) and a 40% rise in ISCR across listed manufacturing firms indicate improved ability to cover interest obligations due to better working capital management.

Working Capital Days and Revenue: The white paper includes a graph from the PwC Working Capital Study 2022-2023 showing the inverse relationship between working capital days and top-line performance. Efficient working capital management can lead to better financial performance.

Commercial Paper Yields: The document highlights a consistent upward trajectory in commercial paper yields over the past two years, reflecting increased costs for short-term corporate debt. This trend is expected to continue, influenced by the performance of sovereign bonds.

As businesses move towards asset-light models, the importance of optimising working capital cannot be overstated. CredAble's whitepaper serves as a comprehensive guide for corporate treasurers, providing them with the expertise needed to manage this vital financial resource effectively.

Visa India Recognised With Great Place To Work Certification

Visa, the global leader in digital payments, has earned the prestigious Great Place to Work (GPTW) certification in India, a significant milestone for the company’s commitment to fostering a world-class workplace culture. The certification, (valid till June 2025), makes India and Singapore the first Asian markets to achieve this distinction.

With a workforce exceeding 3,500 employees in India, Visa has secured an impressive place in their very first year of certification, highlighting the company’s commitment to building a vibrant environment where employees feel valued, heard, and empowered to contribute their best.               

Sandeep Ghosh, Group Country Manager, Visa India and South Asia, said, “Our Great Place to Work certification is a testament to Visa’s values and signifies our unwavering commitment to creating a workplace where everyone, everywhere thrives. This is a collective accomplishment and we’re dedicated to continuously fostering an environment that fuels innovation, exceptional customer service, and professional growth for all”.

Visa has continuously invested in people-centric initiatives promoting inclusion, diversity, learning, operational excellence, and employee wellbeing. This consistent focus on its most valuable asset – its people – is a key driver behind the company’s success in achieving the Great Place to Work certification. This recognition serves as a springboard for Visa's continued growth in India with the workplace culture motivating the company to scale new heights, drive innovation, and deliver exceptional results.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Suzuki Motorcycle India Sales Close At 88,287 Units In June’24, Registers 9% Y-o-Y Growth

Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today announced its sales numbers for the month of June’24.

The company closed June’24 with total sales of 88,287 units as compared to 80,737 units sold in June’23, registering a growth of 9%. Its domestic sales for the month stood at 71,086 units. A growth of 13% against 63,059 units sold during the same period last year. However, its exports slightly went down from 17,678 units in June’23 to 17,201 units shipped in June’24.

Commenting on the company’s sales performance, Mr. Devashish Handa - Executive Vice President, Sales, Marketing and After Sales, Suzuki Motorcycle India Pvt. Ltd. said, “We are pleased with our sales growth in June 2024 driven by strong demand especially in the Indian market. We have got off to a good start in this financial year, with a healthy 15% year-on-year growth in our sales in the first quarter. We are optimistic about maintaining this growth momentum in the months ahead. We extend our heartfelt thanks to our valued customers and dedicated dealer network for their continued trust and unwavering support which has played a pivotal role in achieving this result.”

ABOUT SUZUKI MOTORCYCLE INDIA PVT LTD (SMIPL)

Suzuki Motorcycle India Private Limited (SMIPL), a subsidiary of Suzuki Motor Corporation, Japan, started its India operations in February 2006 from its manufacturing plant at Kherki Daula, Gurugram, Haryana, having an annual production capacity of 1 million unit. The company manufactures scooters (125cc), premium motorcycles (150cc and above) and the Big-Bikes best suited for valuable Indian customers.