Thursday, October 10, 2024

AGS Extension Of Contract From Indian Bank For Reconciliation Of Card And Digital Transactions With Projected Revenue Of INR 50 Cr


AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients, announced that it has received an extension of a contract from the Indian Bank Ltd. for reconciliation of card and non-card transactions. This contract comes under the Payment Solutions offered by AGS Transact. The projected revenue from this contract over a three- year period is approximately INR 50 crores.

Commenting on the development, Mr. Alok Singh, Executive Vice President, AGS Transact Technologies Limited said, “It gives us an immense pleasure to announce the extension of this contract. This contract win gives us the confidence to continue providing the best-in- class services to all our clients. We remain optimistic about the growth of digital transactions and the services we provide to the Indian banking industry.”

About AGS Transact Technologies Limited (AGSTTL)

Established in 2002, AGS Transact Technologies Limited (BSE: 543451| NSE: AGSTRA) is one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients. AGS Transact provides customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets. The company operates in three broad business segments, namely, Payment Solutions; Banking Automation Solutions; and Other Automation Solutions.

AGS Transact Technologies serves diverse industries such as banking, retail, petroleum, toll and transit, cash management and fintech in India and other select countries in Asia. As of June 30, 2024, the company has deployed 2,48,834 payment terminals and was one of the largest deployers of PoS terminals at petroleum retail outlets in India, having rolled out 41,777 terminals at various petroleum retail outlets.

For more information, visit www.agsindia.com

50 Stores Strong! INTUNE Continues Its Expansion Journey With A Major Launch


INTUNE, India’s rising family retail store, is thrilled to announce the opening of its 50th store at Shiv Solitaire, Jogeshwari East, Mumbai. This milestone underscores INTUNE's unwavering commitment to offering affordable and stylish clothing for the entire family, from kids to adults, all under INR 999.

Present in 9 states and 18 cities, INTUNE has rapidly expanded across India. It is one of the fastest growing brands to reach the 50 stores milestone, further showcasing its growing popularity and appeal among families across the nation.

Whether it’s playful outfits for kids, chic styles for adults, or festive wear for special occasions, INTUNE ensures that every family member can find something that’s trendy, comfortable, and affordable. INTUNE is more than just a budget-friendly store—it’s a brand built around the diverse needs of families.

Commenting on the same, Mr. Kavindra Mishra, Customer care Associate, Managing Director and CEO said, "What truly sets INTUNE apart is its ability to deliver fresh fashion with high quality. Despite the attractive price points, INTUNE’s collections are consistently updated to keep pace with current fashion trends, ensuring that every visit feels new and exciting. This commitment to freshness allows families to stay stylish without stretching their budgets.”

INTUNE’s designs are carefully curated to reflect the latest trends, offering a wide variety of clothing options for fashion-conscious families. From stylish bottoms and cool tops to comfortable dresses and elegant kurtas, INTUNE guarantees that every shopper can find something they love—all at budget-friendly prices. The brand also offers lucrative bundle deals throughout the year.

 With prices ranging from INR 149 to INR 999, INTUNE is redefining value fashion by delivering high-quality, affordable styles for all. The brand is built on the belief that style should be within reach for everyone, balancing affordability with fresh, trendsetting designs.

 Join the growing INTUNE community and discover fashion that fits your style—and your budget. Elevate your wardrobe with INTUNE, where affordability meets trendsetting designs.

Indo-Australian Patient Safety Compassion Workshop Held At Manipal


Manipal College of Nursing (MCON), Manipal, in collaboration with Deakin University, organises a workshop on patient safety compassion.  Dr Stephane Bouchoucha, Associate Professor & Head of School, International Faculty of Health, / School of Nursing & Midwifery/ Institute of Health Transformation, Deakin Australia, says Patient Safety Compassion is the need of the hour in today’s patient safety concerns.

In Australia, the prevention of infections has primarily depended on limiting personal freedoms during health crises, including vaccination mandates and lockdowns. These band-aid solutions aim to preserve public health, which will benefit society by preventing the spread of illness. It also observed that "Infection Prevention and Control (IPC) faced challenges and were slow to react but stayed focused on keeping people safe." Amid misunderstandings, recommendations also changed over time. IPC guidelines have a detrimental effect on patients, families, and healthcare providers by making family-centred care challenging.

Because of the COVID-19 crisis, people's compassion fatigue has been severely impacted by care delivery and restriction sets. The challenges that society still faces were considered when talking about it.

When debating ethical problems, the challenges that society still faces are taken into consideration. In times of emergency or critical care settings where patient safety is of the utmost importance, the administration must be aware of techniques that can keep us at ease while providing care. These strategies include patient-centred communication, a comfortable environment, continuous feedback and improvement, an interprofessional approach to care, and a supportive attitude from healthcare professionals.

Dr Vikram Palimar, Professor in the Department of Forensic Medicine, KMC MAHE, Manipal and also the head of the Patient Safety & Sentinel events committee of Kasturba Hospital, highlighted the day-to-day patient safety concerns in India that need close attention. Risks in the workplace need innovative solutions. He emphasised documenting unusual incidents, preventing patients from injuries, using correct identifiers, minimising medication errors, using closed-loop communication, and following hospital standards and protocols can save lives. Fact-finding and fault findings create fear in reporting. A supportive, non-punitive culture will enhance safety and encourage reporting to reduce incidents of morbidity and mortality. Encouraging error reporting without fear and retribution, a non-blaming attitude, regular feedback, a collaborative problem-solving forum, continuous training & support, and data utilisation can guide improvements in the system. He said, “Safety isn’t just a policy; it’s our promise to quality care”. 

Dr. Judith A. Noronha, Dean Manipal College of Nursing, reinforced the significance of prioritising patient safety as an integral part of quality care, underscoring the policy, "Get it right, make it safe.". Dr Elsa Sanatombi Devi, Professor MCON, MAHE Manipal, welcomed the delegates and the experts and engaged the learners with exciting learning linkages. Mr. Shreenidhi Joji, PhD scholar, ignited the participants with his collaborative learning skills. A total of 48 delegates took part in the workshop. This workshop aligns with Sustainable Development Goal (SDG) 3: Good Health and Well-being, SDG 4: Quality Education, SDG 8: Decent Work and Economic Growth, and SDG 16: Peace, Justice, and Strong Institutions, each of which plays a vital role in ensuring healthy lives and promoting well-being for all. These SDGs collectively highlight the workshop’s broader impact beyond healthcare by enhancing education, improving work environments, and strengthening institutional frameworks. Together, they contribute to improving healthcare outcomes, reducing morbidity, and enhancing the overall quality of life, aligning with the global health agenda.

Wednesday, October 9, 2024

Britannia And Bel Group Deepen Strategic Partnership To Announce Local Cheese Manufacturing In India


* Producing Britannia The Laughing Cow, And Empowering Local Milk Farmers

Located in Ranjangaon, Maharashtra, India, this new factory marks a significant step in the joint venture between Britannia and Bel Group, begun nearly two years ago.

Every year, the factory will produce ~10000 tons of high quality, nutritious and accessible Britannia The Laughing Cow cheese products to meet the growing demands of the Indian consumers. The Cheese plant has witnessed investment of ~220 crores from the Joint Venture.

The facility leverages Britannia’s robust milk procurement and support program with 3000+ local farmers

Britannia Bel Foods, a leading Cheese player in India, today marked a significant milestone in its growth, nearly two years after being established as an ambitious joint venture. The company announces the inauguration of its Cheese factory in India, dedicated to the local production of Britannia The Laughing Cow products, reinforcing its commitment to serving the best quality products to Indian consumers made locally. Maharashtra is a leading state in India for milk production and boasts of a mature well integrated dairy ecosystem, making it the ideal choice for the Cheese factory location within Britannia’s Dairy food park in Ranjangaon.

Support to local milk farmers and a robust milk procurement program

The plant is fully integrated with a robust milk procurement program, sourcing ~4 lakh liters of 100% cows milk daily from over 3,000 farmers in Pune and surrounding areas. Britannia has scaled up the milk procurement program within a few years to 70 Village-Level Bulk Milk Coolers installed within a 100 km radius from the factory, spanning 10 tehsils in the Pune and near districts. This initiative supports local farmers, ensures a sustainable supply chain, and reinforces Britannia's commitment to community and agricultural development.  Britannia's Milk Collection Centers have advanced testing capabilities, ensuring that raw milk quality is assessed across 31 quality parameters at site and 20 additional parameters at unloading before being accepted at the factory.

To support the local community of its 3000+ milk farmers, Britannia operates an integrated support program focused on three pillars of management, breeding and feeding of cattle. The program encapsulates enabling best farm practices such as door-to-door animal health camps, farmer training & breed training programmes, quality fodder seeds distribution and a transparent direct payment services to the farmer. The farmer program is integrated with Britannia’s village development and malnourishment programmes under the efforts of Sir Ness Wadia Foundation and Britannia Nutrition Foundation.

A new step with the inauguration of the factory with state-of-the-art facilities

With an investment of nearly 220 crores from the Joint Venture including the Britannia Dairy facilities being leveraged, the new Greenfield factory is located in one of Maharashtra's largest food parks. It is integrated within Britannia’s state-of-the-art dairy production facility, which produces a comprehensive range of Britannia dairy products including now Britannia The Laughing Cow Cheese with a full range of products: slices, blocks, spread, diced and cubes.

Equipped with 5 production lines, the facility boasts a total production capacity of approximately 6,000 tons per year for natural Cheese varieties like cheddar and mozzarella, and around 10,000 tons per year for processed Cheese.

The establishment of this factory is creating numerous job opportunities, significantly boosting local employment and contributing to the region's economic growth. Over the past few years, the Maharashtra state government has extended immense support for the Britannia Mega Food Factory at Ranjangaon recognizing it as an Ultra Mega project and providing Britannia with a customized incentive package. This has enabled facilities for manufacturing the entire product range of Britannia across biscuits, cake, rusk, croissant, salted snacks, wafers, dairy drinks & powders & Cheese. Further, the seamless approval cadence of the state government for plans, licenses, infrastructure, development, power and several other factors have greatly benefited this strategic investment.

The facility’s technology, including Pasteurizer, Bactofuge, and auto-standardization units, provides best-in-class Cheese experience to consumers. Cheddar, Mozzarella & Processed Cheese are being manufactured by using world-class equipment imported from well-known global leaders of equipment manufacturers. This cutting-edge technology and practices ensure the highest food safety and quality standards, enabling the production of premium Cheese products that consistently deliver the highest quality to end consumers.

Britannia The Laughing Cow products tailored to the needs of Indian consumers

Together, Britannia Bel foods brings Britannia The Laughing Cow products range to Indian consumers—high-quality products tailored to local tastes, produced domestically, and backed by a century-old global brand distributed in 120 countries. Worldwide, 20 million Laughing Cow portions are produced daily.

The Laughing Cow products have been adapted to the Indian market with a tailored approach to meet local preferences and nutritional needs. The recipe for success lies in delivering a unique Indian recipe enriched with 5 essentials (protein, calcium, vitamin A, D and B12) tailored for Indians specifically. Packaging has been optimized for accessibility, ensuring easy consumption and preserving food security by maintaining strict hygiene standards. The use of 100% local ingredients further reinforces the brand’s commitment to the Indian consumer, as these ingredients are now sourced and processed domestically at a new factory, with careful management of both the primary and secondary transformation processes to maintain high quality and sustainability.

Commenting at the launch of this facility, Varun Berry, Executive Vice-Chairman and Managing Director of Britannia Industries, said, “Britannia is deeply committed to the well-being and prosperity of the milk farming communities that are at the heart of our business. Supporting over 3,000 milk farmers, our integrated farmer support program focuses on empowering them through sustainable cattle management, breeding, and feeding practices. By harnessing our integrated milk procurement program, we are setting new benchmarks in quality and sustainability while empowering dairy farmers at the core of our supply chain. The choice of Ranjangaon is a strategic one, as Maharashtra’s leadership in milk production aligns with our vision to create a hub for premium, locally sourced dairy products. We believe the new cheese facility will further strengthening Britannia and Bel Group’s strategic partnership and commitment to driving growth and innovation in the industry.

Cécile Béliot, CEO of Bel Group, said: “I am proud to celebrate with Britannia the start of a state-of-the-art cheese factory leveraging the Bel 160-years legacy of operation on cheese. It is also a great moment to celebrate the growth of the national distribution of our Britannia The Laughing Cow range of products, and our triangular portion of processed cheese specifically developed and designed to please millions of children in India. At Bel Group, we aim at contributing to healthier and more sustainable food, creating value alongside our ecosystem, with accessible products answering local nutritional needs. I believe that Britannia and Bel, through this joint venture, and even more now with the opening of this factory have the right know-how and market capabilities at hand to take a leading position with Britannia The Laughing Cow in India.”

Mr. Abhishek Sinha, CEO Britannia Bel Foods Private Limited said, “Britannia Bel Foods’s state-of-the-art Cheese facility brings the best of Bel Groups’ global expertise to India, combining cutting-edge technology with world-class manufacturing standards. This plant embodies our commitment to delivering premium, locally made Cheese that meets the highest benchmarks in quality and innovation. This facility further solidifies the relationship between Britannia and Bel, and the journey of further strengthening our Cheese business in India, supported with a fully integrated dairy program. With this, we are poised to offer Indian consumers an unmatched Cheese experience, tailored to their evolving tastes.’

Two years since the joint venture of Britannia and Bel

Announced in December 2022, the joint venture between Britannia, one of India’s leading food companies, and Bel, a global food pioneer committed to promoting healthier and more sustainable food through dairy, fruit, and plant-based products, united two industry leaders with a shared vision: to provide healthier, more sustainable food for all.

With the robust integrated milk procurement program, and state of the art manufacturing equipment, a strong foundation has been laid in place. Along with Bel Foods global expertise and Britannia’s understanding of the local dairy industry and pioneering distribution, the Cheese plant marks a pivotal shift allowing the business to grow exponentially.

Photo Caption : Varun Berry, Executive Vice-Chairman and Managing Director of Britannia Industries, Cécile Béliot, CEO of Bel Group and Mr. Abhishek Sinha, CEO Britannia Bel Foods Private Limited.

Tata Motors Group Global Wholesales At 3,04,189 In Q2 FY25


The Tata Motors Group global wholesales in Q2 FY25, including Jaguar Land Rover** were at 3,04,189 nos., lower by 11%, as compared to Q2 FY24.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 nos., lower by 19%, over Q2 FY24. 

Global wholesales of Tata Motors passenger vehicles* in Q2 FY25 were at 1,30,753 nos., lower by 6% as compared to Q2 FY24. 

Global wholesales for Jaguar Land Rover** were 87,303 vehicles, lower by 10% as compared to Q2 FY24. Jaguar wholesales for the quarter were 5,961 vehicles, while Land Rover wholesales for the quarter were 81,342 vehicles.

*Tata Motors passenger vehicles includes sales of electric vehicles

**JLR number does not include CJLR volumes (CJLR – It is a JV between JLR and Chery Automobiles).

Samsung Led The First Wave Of India’s Festive Season Sale In 2024: TechInsights


Smartphone sales grew 11% year-over-year in the first wave of the festive season sales in India between September 26 and October 6, 2024, according to latest estimates from TechInsights. Please do note that the first wave of the festive season in 2024 was 11 days compared to 7-8 days in the past couple of years and all year-over-year is comparing 2024’s first wave with 2023’s first wave.

Samsung led the smartphone sales volume with a 20% market share, led by top-selling models such as Galaxy M35, Galaxy S23, Galaxy A14, Galaxy S23 FE, etc., TechInsights said.

Samsung sales in unit terms grew 17% YoY in 2024’s first wave compared to 2023’s first wave, TechInsights added.

Commenting on Samsung’s performance, Abhilash Kumar, Industry Analyst at TechInsights said “Samsung had fantastic numbers in the first wave of festive season sales. This is driven by attractive deals and price cuts on products across price bands pertaining to Galaxy A, M, S, series. Also, Samsung was the main sponsor for sales events on Flipkart and Amazon which gave it an additional push. Samsung sales in unit terms grew 17% YoY in 2024’s first wave.”

The Third Edition Of Granules Green Heartfulness Run In Association With Ministry Of Youth Affairs & Sports Announced


* Over 100,000 participants worldwide expected to participate in the fundraising marathon to grow 15000 plants

Heartfulness in association with the Ministry of Youth Affairs and Sports and Granules India Limited and supported by Fit India announced the “third edition of Granules Green Heartfulness Run” (GGHR). Mrs. Uma Chigurupati – Executive Director – Granules India Limited; Dr. Naina Jaiswal – International Table Tennis Player; Ms. Jyothika Sri Dandi – Paris Olympics 20244 4x400m women; and Mr. Sanjay Sehgal – Trustee, Heartfulness Institute were present at the press conference. Other partners for the marathon include Sports partner Decathlon, Timing Partner - Timing Miles, Marathon Partner - The Nile Mile.; Medical partner Medicover; and Association of Indian Universities (AIU) which will hold the run in 20 universities across 20 states in India. The marathon aims to promote both physical health and environmental sustainability. The third edition of Granules Green Heartfulness Run slated to be held aims to raise funds for planting over 15,000 trees through the "FORESTS by HEARTFULNESS" initiative. Additionally, it has objectives of community engagement, spreading Heartfulness practices, and contributing to ecological causes.

Mrs. Uma Chigurupati – Executive Director – Granules India Limited said, “Our generation and future generation must have quality lives. Granules Green Heartfulness Run is health, fitness and greening coming together at the same time.”

“This is an initiative that highlights the importance of protecting, preserving and nurturing the planet. Shri Ram Chandra Mission promotes holistic wellbeing. This run reminds us to reconnect with nature and be conscious towards the environment,” Dr. Naina Jaiswal – International Table Tennis Player.

Ms. Jyothika Sri Dandi – Paris Olympics 20244 4x400m women said, “Granules Green Heartfulness Run is thinking about nature through sports.  As an athlete I hope to inspire other athletes to be a part of this initiative.”

Mr. Sanjay Sehgal – Trustee, Heartfulness Institute said, “Excellence of human endeavour and capability is sports. Granules Green Heartfulness Run demonstrates 1. Environment 2. Excellence. Sports and environment coming together is part our Heartfulness philosophy.”

The Granules Green Heartfulness Run typically features multiple race categories, which can range from shorter fun runs like 1.5km to more competitive distances like a 5K, 10K, and Half Marathon. To register for the 21 Km one must be 18 years of age or older on the event day; the lower age limit for a 10Km run is 15 years; 8 years or older for a 5 Km run and for 2Km run minors must give consent of their parents for participation.

The epicenter of Granules Green Heartfulness Run (GGHR) will take place in Hyderabad at Kanha Shanti Vanam. Over 90 other locations worldwide with a few international hosts are also there for the run with an expected participation of 100,000 from around the world, some even joining virtually, making it the biggest global green run.  

The registration link for the 2024 edition of the Green Heartfulness Run is already open. Participants can register through the official platforms.www.greenheartfulnessrun.com

Photo Caption: Ms. Jyothika Sri Dandi – Paris Olympics 2024,Mrs. Uma Chigurupati , Dr. Naina Jaiswal, Mr. Sanjay Sehgal – Trustee, Heartfulness Institute display the “Granules Green Heartfulness Run Medal and T-shirt”.

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