Nutanix Ranked #1 HCI Software Vendor For Market Share In The Worldwide Quarterly Converged Systems Tracker® In India

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has been ranked #1 for market share hyperconverged infrastructure (HCI) software vendor in the Indian market in Q4 2023 for the 8th consecutive quarter, according to IDC’s Worldwide Quarterly Converged Systems Tracker® (“IDC”).

Nutanix dominated the HCI Software market in India with a 53 percent share in Q4 2023 in the report, surpassing the combined market share of all other vendors in the country, according to IDC.

Reflecting on this significant achievement, Prasanna Ranade, Senior Director of Enterprise Sales, Nutanix said, "We thank all the organizations in India that use Nutanix Cloud Platform to help them modernize their datacenters. Their trust in us is the reason we continue to be ranked #1 for market share HCI software vendor in the country, and they look to us to help them with their cloud journeys.”

Nutanix collaborates with leading entities spanning banking, healthcare, the public sector, channel partners, and information technology/information technology enabled services industries in India. Notably, Nutanix supports eight of India’s top 10 banks, underscoring our commitment to delivering cutting-edge solutions that drive digital transformation and operational excellence across diverse sectors.

For more information, read: IDC Quarterly Enterprise Infrastructure Tracker - Converged Final Historical 2023 | India Q4

About Nutanix

Nutanix is a global leader in cloud software, offering organizations a single platform for running apps and data across clouds. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.

Toyota Kirloskar Motor Continues To Steer Growth With Best Ever Sales Of 31,656 Units In July 2024

For the second consecutive month, Toyota Kirloskar Motor has outperformed its sales achievement by registering best-ever monthly wholesale of 31,656 units in July 2024. While domestic sales accounted for 29,533 units, exports totalled to 2,123 units during the month. This marks a remarkable growth of 44% compared to July 2023, when 21,911 units were sold.

In the previous month of June 2024, TKM sold 27,474 units.

In the first seven months of CY 2024, TKM sold 1,81,906 units, marking a remarkable 46% increase compared to the same period in CY 2023, which recorded sales of 1,24,282 units. 

Commenting on the strong performance, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “We are thrilled to announce another key milestone with our highest-ever sales performance for July 2024. Demand for all our models remains at an all-time high, especially in the SUV and MPV segments. Our formidable presence in these categories, with models like the Innova Crysta, Innova Hycross, Urban Cruiser Hyryder, Rumion, Taisor, Fortuner, Legender, Hilux, and the LC 300, offers robust choices to customers. In addition, our diverse lineup, including the Glanza, Camry Hybrid, and Vellfire, is strategically designed to cater to the evolving and varied needs of our customers, reflecting our commitment to delivering vehicles that align with their preferences and lifestyles.

Our operational enhancement strategy, including the addition of a third shift, is supporting strong demand. For certain models, especially in the case of Urban Cruiser Hyryder, a streamlined supply situation has also led to a reduction in waiting periods. Moreover, there is an increasing understanding and appreciation for newer and greener technologies among customers. Our commitment to sustainability, safety, and advanced technology remains at the forefront of our efforts to meet and exceed customer expectations.

We are also constantly innovating to offer new experiences to our valued customers. We have expanded our car detailing business, "T GLOSS," to the Toyota Used Car Outlet (TUCO). Customers can now enjoy quality car care solutions delivered in a highly professional manner, ensuring a delightful ownership experience even for used cars.

We are deeply grateful for the trust and loyalty of our customers and remain committed to delivering high-quality vehicles that meet their diverse needs. This success underscores our dedication to providing exceptional products and services, and we look forward to continuing this positive momentum in the coming months.”

In a significant corporate milestone, TKM yesterday signed a MOU with the Government of Maharashtra to explore the potential of setting up of a Green Field Manufacturing Facility that will further strengthen the company's focus on advanced green technologies. In addition, work on the third plant in Bidadi near Bangalore which was announced in 2023, at an investment of Rs. 3,300 crores has already begun with worked expected to complete in 2026. 

Samsung Announces ‘India Cheers For Neeraj’ Campaign For Paris Olympics

* Fans can support Neeraj Chopra by sending wishes via the Samsung India website

Samsung today announced that it is requesting fans to come forward and send their good wishes for Neeraj Chopra through the ‘India Cheers for Neeraj’ campaign. With the campaign, Samsung India’s aim is to support and empower Neeraj to strive for excellence and push beyond boundaries.

To channelize consumer enthusiasm and amplify the collective cheer of the nation, Samsung India has unveiled a film to bolster support for Neeraj Chopra. Embodying the spirit of resilience and determination of the ace athlete as he fights through multiple challenges, this film highlights how Samsung’s recently-launched Galaxy Z Fold6 smartphone aids his journey.

Galaxy Z Fold6 pushes the bar with its powerful Galaxy AI technology, offering unparalleled experiences to consumers. Powered by Galaxy AI, the Galaxy Z Fold6 comes with AI features such as Interpreter and Note Assist, allowing users to communicate more effectively, enhancing their productivity and changing the way they work and live.

“Samsung believes in empowering individuals to push beyond their limits and achieve greatness. We are putting our might behind Neeraj Chopra, who embodies excellence and limitless possibilities, values that are deeply respected at Samsung. With the 'India Cheers for Neeraj' campaign, we aim to harness the collective energy of the nation and ‘Unfold the Best’ in cheering for Neeraj,” said Aditya Babbar, Vice President, MX Business, Samsung India.

Apart from receiving the all-new Galaxy Z Fold6, Neeraj Chopra would also receive the Special Edition Galaxy Z Flip6 and a personalized Flipsuit case.

"I am grateful to Samsung India for their unwavering support and the motivation provided through the 'India Cheers Neeraj' campaign. The encouragement and well wishes from fans are invaluable and fuel my determination to succeed. With each challenge that I overcome; I’m drawn closer to my targets and unfolding this journey with me is the all-new Galaxy Z Fold6. This remarkable device with its cutting-edge Galaxy AI features empowers me to perform at my best. The mantra of 'GalaxyFoldIsGold' embodies my drive to push beyond boundaries," said Neeraj Chopra.

Neeraj Chopra is now also a part of Samsung's exclusive ‘Team Samsung Galaxy’. Users and fans can send their wishes to Neeraj Chopra - the man with the golden arm - by visiting Samsung India’s website on: Cheer for Neeraj Chopra Send a wish | Samsung India. Believing that every wish can make a difference, Samsung India is facilitating users to send their wishes on WhatsApp by messaging “NEERAJ” to 9870-494949. Additionally, they can drop a comment on Samsung’s social media channels by tagging the brand @SamsungIndia. Samsung encourages its consumers to join the conversation with the hashtags: #IndiaCheersNeeraj, #GalaxyFoldIsGold, #GalaxyZFold6, #GalaxyAI, and #Samsung.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the world of TVs, smartphones, wearable devices, tablets, digital appliances, network systems and memory, system LSI, foundry and LED solutions. For latest news on Samsung India, please visit Samsung India Newsroom at http://news.samsung.com/in. For Hindi, log on to Samsung Newsroom Bharat at https://news.samsung.com/bharat. You can also follow us on Twitter @SamsungNewsIN

National Skill Development Corporation (NSDC) In Partnership With Britannia Launches “Women Entrepreneurship Program”

In a pivotal move towards empowering women entrepreneurs and spurring economic growth, the National Skill Development Corporation (NSDC) is excited to unveil the “Women Entrepreneurship Program”. This initiative, aims to tackle the challenges faced by women in entrepreneurship by offering crucial skills, knowledge, and networking opportunities.

The program has been launched with the introduction of complimentary self-learning basic entrepreneurship courses available in multiple languages on the Skill India Digital Hub (SIDH). Upon completion of these courses, participants will receive a co-branded certificate from NSDC, Britannia Industries and National Institute for Entrepreneurship and Small Business Development (NIESBUD), acknowledging their entrepreneurial skills and competencies. This initiative aims to empower approximately 25 lakh women across India, providing them with the skills, knowledge, and resources needed to start and grow successful businesses.

The initiative will culminate in a grand finale where the top 50 contestants will present their business ideas to a distinguished jury. To further encourage innovation and excellence, Britannia Industries will award financial grants of 10 lakh rupees each to 10 of the most successful contestants.

At the launch of this program, Shri Atul Kumar Tiwari, Secretary, Ministry of Skill Development & Entrepreneurship, GOI said, “It is our privilege that Britannia has partnered with us, focusing on women entrepreneurship.

We have achieved significant progress in entrepreneurship through NIESBUD and special programs with the Ministry of Tribal Affairs, Ministry of Rural Development and other ministries. We are also collaborating closely with other corporates and government departments, to provide skill training to women's self-help groups, whether individually or collectively, and to help organize them into various business entities.

In the skilling segment, under Jan Shikshan Sansthan, 82% of our trainees are women. In the PMKVY short-term training program, close to 45% of the participants are women.”

Echoing this sentiment, Shri Ved Mani Tiwari, COO (Officiating CEO), NSDC & MD, NSDC International stated, “Today, this program is about women-led entrepreneurship and aligns with the Prime Minister’s vision for women development. One of the most important component of this is that private and public sector organisation are going together telling women to have entrepreneurial ambitions. From Beti Bachao, Beti Padhao to Lakhpati Didi, India has travelled a lot of distance when it comes to women development.”

Speaking about Britannia’s motivation to join forces with NSDC, Shri Rajneet Singh Kohli, CEO and Executive Director, Britannia Industries, said “Britannia Marie Gold’s vision is to help women entrepreneurs to soar together to do more. Our MoU with the National Skill Development Corporation is a game-changer for women's empowerment in India. By providing free courses and advanced training to millions of aspiring women entrepreneurs, we are not just opening doors but breaking down barriers. This partnership amplifies our commitment to creating a nurturing ecosystem where women can lead, innovate, and drive our economy forward. Together, we are empowering women to reach their full potential.””

The Indian government is dedicated to supporting women entrepreneurs through opportunities for essential skills development, access to free self-learning courses, and comprehensive incubation support. This program is designed to address the distinct challenges that women face when starting and growing businesses. In partnership with Britannia Industries Limited, the initiative will also offer financial grants and feature their products and services on the Skill India Digital Hub, reflecting a strong commitment to fostering an inclusive environment for women entrepreneurs.

Aligning with the government’s commitment to fostering women's entrepreneurship, this program will be implemented in multiple phases to ensure comprehensive support and maximum impact.

Divided into two phases, NSDC, with support from the National Institute for Entrepreneurship and Small Business Development (NIESBUD), will offer free online self-learning entrepreneurship courses through the Skill India Digital Hub (SIDH). These courses, available in multiple languages, will cover crucial topics such as entrepreneurial skills, enterprise setup, finance basics, digital skills, and market analysis.

In the next phase, NSDC extends robust incubation support to 10,000 shortlisted contestants across 100 business models. This support encompasses business model selection, entrepreneurship development programs, industrial workshops, business registration assistance, project report preparation, and guidance on funding through various government entrepreneurship and startup schemes. Additionally, participants’ products and services will be highlighted on SIDH’s e-commerce platform, UdhyamKart and Britannia’s digital ecosystem for women entrepreneurship.

NSDC will conduct periodic impact assessments to evaluate the success and sustainability of the supported businesses, ensuring the program’s long-term effectiveness.

This initiative marks a significant effort to broaden the reach and visibility of women-led enterprises, creating a supportive ecosystem that empowers women entrepreneurs to realize their full potential. The partnership between NSDC and Britannia highlights a shared commitment to cultivating an environment where women entrepreneurs can flourish and significantly contribute to India’s economic advancement

About National Skill Development Corporation

National Skill Development Corporation (NSDC) is the principal architect of the skill ecosystem in the country. It is a unique Public Private Partnership (PPP) enterprise working under the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India. NSDC was established to catalyse the skilling ecosystem for private sector participation and be the strategic implementation and knowledge partner to Skill India Mission to build efficient vocational training initiatives, empowering India’s youth. NSDC provides support to enterprises, start-ups, companies, and organizations that are creating an impact by offering a world of opportunities in futuristic skills to the potential workforce. The organization develops appropriate models to enhance, support, and coordinate private sector initiatives in skilling by offering funding support to eligible entities, concessional loans to the candidates along with other innovative financial products and building strategic partnerships.

Nuvoco Vistas Corp. Announced Its Unaudited Financial Results For The Quarter Ended June 30, 2024

* Consolidated revenue from operation stood at Rs. 2,636 crores

* Consolidated EBITDA stood at Rs. 348 crores

Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended June 30, 2024. With 25 MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the fifth largest cement group in India and amongst the leading cement players in East India.

The Company's consolidated cement sales volume stood at 4.8 MMT in Q1 FY25. Consolidated revenue from operations stood at Rs. 2,636 crores, during the same period. Consolidated EBITDA for the quarter stood at Rs. 348 crores.

Premium products remain a key focus for the Company, with their share in trade volume reaching a record high of 40% in Q1 FY25. To enhance brand equity, we launched an innovative campaign for Duraguard Microfiber Cement, a next-generation PPC variant designed to create awareness of its unique Microfiber technology, which results in structures with high strength, damp resistance, and minimal cracks. Additionally, the Company introduced 'Concreto UNO', a premium cement variant in West Bengal, catering to the growing demand for high-quality construction materials in the region. In the RMX Business, the Company launched Ecodure Thermal Insulated Concrete, which exhibits lower thermal conductivity than conventional concrete and Concreto Uno – Hydrophobic Concrete, which enhances the overall strength and durability of structures.

The Company’s commitment to sustainability is highlighted by its lowest carbon emissions in the industry, with 457 kg CO2 per ton1 of cementitious materials.

Commenting on the performance of the Company, Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, “The Company navigated the quarter marked by soft demand, primarily due to elections, weather-related factors, and continued pressure on pricing. Despite these challenges, the focus remained on strategic priorities such as value optimization, cost optimization, and operational efficiency. The Company has reached the lowest blended fuel cost in the last 11 quarters at ? 1.57/ Mcal. The SAP unification program was successfully completed in line with the Company’s digital transformation journey, enabling us to streamline processes across the organization. Additionally, railway siding projects in Odisha and Sonadih are at an advanced stage of completion, which will further improve efficiency and profitability.

He further added, “Looking ahead, the timing and pace of demand recovery will depend on the on-ground execution of infrastructure and housing projects. In the near term, headwinds primarily stem from the demand-supply imbalance and continued pricing pressure. To address these challenges, the Company will continue to focus on value optimization, premiumization, geo-optimization, brand strengthening, along with a strong emphasis on cost optimization.”

Swizton Vein Clinic Inaugurated At Aveksha Hospital In Bengaluru

Swizton Vein Clinic was officially inaugurated at Aveksha Hospital yesterday, marking a significant milestone in the delivery of specialized varicose vein care to the community.  The clinic was inaugurated by Mrs Meenakshi Krishna Byre Gowda, wife of Hon’ble revenue minister, and a Social Worker, praised the initiative and emphasized the importance of addressing vein-related health issues. He said, “healthy citizens make healthy state & nation, it is always advisable to take the help of health experts who specialise in their own streams for cure & prevention for healthy living”.

The Vein Clinic's primary objective is to offer cutting-edge treatments for varicose veins, including Venaseal, Sclerotherapy, and Radiofrequency Ablation, ensuring that these advanced procedures are accessible to patients at an affordable cost. This initiative is particularly significant as it addresses the growing need for effective vein treatments while prioritizing affordability.

Aveksha Hospital, in association with Swizton Medcare, is expected to serve this flagship centre for delivering these specialized services. With a team of expert doctors, the clinic aims to provide comprehensive care to individuals seeking treatment for varicose veins. The event was also graced by, Dr. Tahsin Neduvanchery, Chairman, Swizton Medcare, Dr Rahul Dev, Interventional Radiologist, Sharath Nair, Swizton Medcare CEO, Mrs. Aarathi Ballal, Director, Aveksha Hosp, Mrs Ujjvala Ballal, CEO, Dr Adithya Ballal, director, Dr Sandeep, COO & all the senior doctors & staff of Aveksha Hospital.

The clinic features advanced technology and expert care from renowned specialists, offering minimally invasive treatments and personalized treatment plans. While 30% of Indians suffer from varicose veins issues, it is mostly women who suffer the maximum due to hormonal changes which occur during pregnancy & menopause. Female hormones like estrogen can weaken vein walls and valves, leading to reduced vein elasticity and an increased likelihood of blood pooling. Additionally, pregnancy places significant pressure on pelvic veins, hindering blood flow and increasing the risk of vein enlargement. Hormonal changes during the menstrual cycle can exacerbate these issues.

“Varicose veins are considered a chronic condition but are not life-threatening or limb-threatening and should not be taken lightly. However, if left untreated, varicose veins can lead to more significant vein-related issues, such as an elevated risk of blood clots, skin ulcers and swelling.

During the inauguration, Dr Tahsin, Chairman Swizton Medcare also announced plans for upcoming awareness programs and community outreach initiatives.

On this occasion Chairman Uday Ballal said, “Aveksha’s backbone is our community – the medical practitioners, health workers, and the talented teams at different departments that keep the place running like a robust, pumping heart supplying vital nutrients and ensuring the functioning of all the other organs. I intentionally used the metaphor of the heart, instead of a more apt phrase, “the well-oiled machine,” because we function as a collective of human beings who form the heart of this hospital nourished by the values of care, compassion and commitment”.

Thomas Cook India Group Registers Q1 FY25 PBT Of Rs. 1073 Mn*; 17% Growth Over Q1 FY24

Key Highlights (Q1 FY25):

Consolidated Q1 FY25 PBT of Rs. 1073 Mn* Vs Rs. 914 Mn; 17% growth YoY

Thomas Cook (Standalone) PBT growth of 29% YoY at Rs. 740 Mn* Vs Rs. 574 Mn

Overseas Destination Management Companies reflect turnaround with EBITDA at Rs. 28 Mn Vs a loss of Rs. (44) Mn in Q1 FY24

The Group continues to maintain a strong financial position, adding Rs. 3.49 Bn during the quarter, with Cash & Bank balances at Rs. 18.67 Bn as of June 30, 2024

CRISIL upgrades Thomas Cook India’s Rating Outlook to ‘Positive’. Reaffirms Company’s Ratings at CRISIL AA-/Positive & CRISIL A1+

The PAT for the quarter has been impacted on account of a higher tax liability

Travel Services

Leisure Travel: Growth in sales 21% YoY for Q1 FY25

MICE: 20% Sales growth for Q1 FY25 (excluding one time contracts in Q1 FY24)

Corporate Travel transactions grew by 31% for Q1 FY25

India DMS: 58% Sales growth YoY for Q1 FY25

Overseas DMS: 26% Sales growth YoY for Q1 FY25

Forex

Launched EnterpriseFX card - India’s first eco-friendly prepaid corporate card

Retail growth: led by overseas education 21% YoY; holiday forex 10% YoY for Q1 FY25

Card loads increased 13% YoY

Hospitality (Sterling Holidays)

Growth in sales: 9% YoY for Q1 FY25

Occupancy at 69% for Q1 FY25

New resorts launched in Q1: Udaipur (3rd in Udaipur; 6th in Rajasthan) and Dehradun (6th in Uttarakhand).

Sterling continues to be debt- free company; with a strong cash position of over Rs. 2000 Mn

The PAT for the quarter has been impacted on account of a higher tax liability

Digital Imaging Solutions (DEI)

Q1 FY25: 13 new partnerships signed (UAE, Malaysia, Indonesia, Maldives, India, Bahrain, Macau)

Renewal of 8 key partnerships in Maldives, Indonesia, Thailand, UAE and Egypt

Operational launch of 10 partnerships in UAE, Saudi Arabia, Singapore, Indonesia and India

Mr. Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited said, “Thomas Cook India has delivered a good all round performance for Q1 FY25 reporting a consolidated PBT of Rs. 1073 Mn (excluding non-operating MTM gains) that reflects a healthy 17% growth over Q1 FY24. This has been a result of a solid performance across our businesses, despite multiple headwinds during the period, including the Indian General elections - that delayed travel plans & heatwaves across most of the country. Our forward booking funnel indicates that we may have the benefits of an extended holiday season and are well poised to deliver sustainable growth in the quarters ahead.”