Turkish Technic And SunExpress Sign Component Pool Support And Landing Gear Overhaul Agreements

Turkish Technic, a leading provider of maintenance, repair, and overhaul (MRO) services, has recently signed two significant agreements with SunExpress Airlines, a joint venture of Turkish Airlines and Lufthansa. The first agreement encompasses comprehensive Component Pool support, granting SunExpress access to Turkish Technic’s extensive inventory and tailored component solutions. This service will cover both the Boeing 737NG and Boeing 737MAX fleets, ensuring optimal component availability and minimizing aircraft downtime.

Additionally, a second agreement will cover the complete landing gear overhaul and spare operations for SunExpress' Boeing 737NG fleet. Together with these comprehensive agreements, Turkish Technic supports the operational continuity and fleet readiness of SunExpress, while SunExpress further reinforces its ability to deliver punctual and reliable services to its customers.

Regarding the agreements Mikail Akbulut, CEO and Board Member of Turkish Technic, remarked: “As our long-standing partnership thrives with new agreements, we are pleased to enhance SunExpress’ operational efficiency through our comprehensive component services. These agreements ensure seamless operations for SunExpress’ fleet. We are always delighted to strengthen and expand our long-standing collaboration with SunExpress. Turkish Technic remains committed to delivering world-class MRO solutions, driving operational excellence, and fostering long-lasting business partnerships within the aviation industry.”

Commenting on the continuation of the partnership, Max Kownatzki, CEO of SunExpress, expressed: “Our well-established collaboration with Turkish Technic reflects our commitment to safety and efficiency. The component support and landing gear maintenance services will help us maintain our operational reliability and performance at the highest standards. We believe that our partnership will continue to enhance our operational excellence, ensuring safe and reliable services for our customers."

With a partnership spanning over decades, Turkish Technic has provided base maintenance, component pool support, and landing gear services to SunExpress. These new agreements not only underscore the enduring collaboration but also reflect Turkish Technic’s commitment to delivering superior MRO services tailored to the evolving needs of its business partners.

About Turkish Technic

Turkish Technic (IATP: TKT), an association of Turkish Airlines group companies (Istanbul Stock Exchange: THYAO), is one of the world’s leading aviation services providers, where comprehensive maintenance, repair, overhaul, modification, and reconfiguration services are performed with a highly qualified workforce of 11.350 staff within Istanbul Ataturk Airport, Sabiha Gokcen Airport and Istanbul Airport facilities on two separate continents. Aside from its engineering and maintenance activities, Turkish Technic supports aircraft operators and owners globally with encompassing component pooling, design, certification, and production services. For more information: visit our website or connect with us on Facebook, X, Youtube, Linkedin, and Instagram.

About SunExpress

Established in 1989 as a joint venture of Turkish Airlines and Lufthansa, SunExpress acts as a tourism ambassador between Türkiye and Europe with 35 years of experience and leisure airline expertise. SunExpress flies on 200 routes to 35 countries and carries more than 12 million passengers every year. With its headquarters in Antalya and Frankfurt and bases in Izmir and Ankara, SunExpress has more than 4000 employees. SunExpress was named the 'Best Leisure Airline in Europe' in the latest global survey by Skytrax. You may find detailed information about SunExpress at www.SunExpress.com .

Hyatt Set To Expand Band Pesence In Nepal With Hyatt Regency Lumbani

* The 175-guestroom property will be the fourth Hyatt branded property in Nepal and will mark the second hotel with Golyan Group

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Veda Hospitality Private Limited, a part of the Golyan Group Limited, for Hyatt Regency Lumbini. The property will be the fourth Hyatt branded hotel in Nepal, reaffirming the significance of the market in Hyatt’s ambitious growth plans for Southwest Asia. 

Revered as the birthplace of Lord Buddha, the serene and spiritually significant town of Lumbini stands as an unparalleled destination for tourists as it draws travelers from across the world to the sacred site. It also boasts an UNESCO World Heritage status, with Lumbini's vast gardens featuring historical treasures, including the Ashoka Pillar, diverse monasteries and international temples reflecting global Buddhist traditions and fostering cultural exchange.

Nestled on the banks of the scenic Dano River, the property will be conveniently located within a short driving distance from the highly visited pilgrimage destination, Mayadevi temple, as well as other major attractions. It will also be near the Gautam Buddha International Airport, the city of Butwal, and the Nepal–India border, providing global business and leisure travelers with seamless access. Hyatt Regency Lumbini is expected to open by 2028.

“Nepal continues to play a significant role in Hyatt’s growth strategy in the Southwest Asia region, and we look forward to continued collaboration with Golyan Group Limited to bring international standards of hospitality to the province of Lumbini with the Hyatt Regency brand,” said Dhruva Rathore, vice president of development, India & Southwest Asia, Hyatt. “The profound cultural and spiritual appeal of Lumbini, with its rich heritage, positions it as a compelling destination for travelers and locals alike. It also reaffirms Hyatt's commitment to thoughtfully expanding our brand footprint in destinations preferred by our guests, World of Hyatt members, customers, and owners.”

“We are delighted to extend our collaboration with Hyatt to debut the first ever Hyatt Regency branded hotel in Lumbini,” said Akshay Golyan, managing director, Golyan Group Limited.

“Our vision for Hyatt Regency Lumbini is to create a world-class destination that elevates the hospitality experience in Nepal while respecting and promoting the cultural heritage of Lumbini. We believe this hotel will become a landmark in the region and a key contributor to Nepal’s tourism industry.”

Designed to bring people together and foster a spirit of community, Hyatt Regency hotels and resorts inspire guests to seek personal connections and professional collaboration. The upcoming property will be a blend of modern design and traditional Nepali warmth. Thoughtfully designed to complement the region’s cultural heritage, the hotel will be spread across 11 acres featuring 175 guest rooms, convenient dining options, events and meeting spaces, and a range of amenities including a state-of-the-art fitness center, a wellness spa, an outdoor pool, and other entertainment facilities.

Hyatt’s current portfolio in India and Southwest Asia consists of 52 properties, 50 in India and two in Nepal, across nine brands including Andaz, Alila, Hyatt, Hyatt Regency, Hyatt Centric, Hyatt Place, Park Hyatt, Grand Hyatt and JdV by Hyatt.

The term “Hyatt” is used in the release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

About Hyatt Regency

The Hyatt Regency brand is a global collection of hotels and resorts found in more than 230 locations in over 40 countries around the world. The depth and breadth of this diverse portfolio, from expansive resorts to urban city centers, is a testament to the brand’s evolutionary spirit. For more than 50 years, the Hyatt Regency brand has championed fresh perspectives and enriching experiences, while its forward-thinking philosophy provides guests with inviting spaces that bring people together and foster a spirit of community. As a hospitality original, Hyatt Regency hotels and resorts are founded on openness—our colleagues consistently serve with open minds and open hearts to deliver unforgettable celebrations, effortless relaxation and notable culinary experiences alongside expert meetings and technology-enabled collaboration. The brand prides itself on an everlasting reputation for insightful care—one that welcomes all people across all countries and cultures, generation after generation. For more information, visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram. 

Supriya Lifescience Ltd. Reports Strong Q2 FY25 Growth With 19% YoY Revenue Increase

The unaudited financial statements for the Q2FY25 results have been released by Supriya Lifescience Ltd., a cGMP-compliant business with a strong track record in API manufacturing and a focus on products from a variety of therapeutic segments, including anti-histamine, anti-allergic, vitamin, anaesthetic, and anti-asthmatic. The company has spread its business in more than 86 countries across the globe.

Key Highlights for Q2 FY25:

In the second quarter of FY25, Supriya Lifescience Ltd. witnessed remarkable growth in its revenue, reporting a 18.6 % year-over-year increase, reaching Rs. 166.1 crore compared to Rs. 140.1 crore in Q2 FY24

Gross Profit for Q2 FY25 stood at Rs. 120.13 crore, with a growth of 53.1% compared to Rs. 78.46 crore in Q2 FY24

EBITDA for Q2 FY25 stood at Rs. 64.72 crore, with an EBITDA Margin of 39.0%, as opposed to an EBITDA of Rs. 31.75 crore in Q2 FY24 with an EBITDA margin of 22.7%. This marks a growth of 103.8% YoY

The Profit After Tax (PAT) for Q2 FY25 came at Rs 46.15 crore, compared to Rs 23.88 crore in Q2 FY24

The PAT Margin stood at 27.8% in Q2 FY25, compared to 17.0% in Q2 FY24

Analgesic and Anaesthetic segment led the business growth in Q2 contributing 54.9% to the revenue vs 50.0% in Q2FY24. Anti-Asthmatic segment contributed 9.2% compared to 7.2%

European markets now contribute 45% of our business revenue in H1FY25 up from 39% in H1FY24

For Anaesthetic therapy 3 ANDA projects have been initiated and company is also working on ANDA projects for Anti Hypertensive and Vitamins

Capacity Utilisation has quickly increased from 47% in FY22 following a fresh capacity addition to 86% in FY24. In order to support future growth of various business segments the company has acquired three separate land parcels near different plants

Supriya Lifescience Ltd. continues to expand its global footprint, now doing business with over 1,700 customers across more than 128 countries. To ensure sustained growth and further expansion through new customer acquisition, the company has strategically distributed these geographic regions among its dedicated sales teams

Dr. Satish Wagh, Executive Chairman & WTD, Supriya Lifescience Ltd, commenting on the results, said, “Our commitment to innovation through R&D is paving the way for sustained growth and expansion. With the commissioning of our advanced R&D lab at Lote Parshuram and the upcoming Ambernath facility, we’re focusing on new product development and CMO/CDMO opportunities to complement our existing portfolio. Expanding our global presence across key regions, we're also working closely with regulatory and sales teams to acquire new customers, particularly in regulated markets. Our recent exclusive 10-year contract with a leading European firm underscores our capabilities in handling complex chemical processes, setting the stage for similar opportunities. As we enhance our infrastructure, including increasing capacity at Lote Parshuram to 1,020 KL by Q3 FY25, we’re building a foundation for a stronger future."

PNB Marks “Vigilance Awareness Week 2024” With Nationwide Integrity Pledge

In line with the Central Vigilance Commission (CVC) directives and this year theme “Culture of Integrity for Nation's Prosperity”, Punjab National Bank (PNB), nation’s leading public sector bank, celebrated the Vigilance Awareness Week 2024.

The inaugural ceremony was held at the Bank’s Corporate Office in Dwarka, New Delhi, where PNB Chairman Shri K.G. Ananthakrishnan, PNB MD&CEO Shri Atul Kumar Goel, PNB Executive Directors (EDs) - Shri M. Paramasivam and Shri Bibhu P. Mahapatra, other Directors on Board and PNB Chief Vigilance Officer (CVO) Shri Raghvendra Kumar paid tribute to Loh Purush Sardar Vallabh Bhai Patel, honouring his legacy as a champion of unity and integrity. PNB MD&CEO Shri Atul Kumar Goel administered the Integrity Pledge to staff members posted at Corporate Office, underscoring the Bank’s commitment to ethical business practices and integrity.

During the Vigilance Awareness Week, PNB also organised numerous outreach and awareness activities, including a Cyclothon (Cycle Rally) and a walkathon, both flagged off by PNB CVO Shri Raghvendra Kumar from the Bank’s Corporate Office in New Delhi, to raise awareness about the menace of corruption.

In addition, health check-up camp was conducted in collaboration with local hospital. In-house competitions for employees and their families such as essay and jingle contests, poster making competitions etc. were also organised.

PNB CVO Shri Raghvendra Kumar in his message on Social media handles of the Bank, emphasizing on the theme and importance of vigilance, stated: “The guidelines set forth by the Commission serve as a foundation for the nation's continued development. This year, the Commission initiated a three-month campaign focusing on five key areas: capacity-building programmes, identification and implementation of systemic improvement measures, updating of circulars, guidelines, and manuals, timely disposal of complaints received before 30 June 2024, and enhancing our dynamic digital presence. PNB has aligned its initiatives with the Commission's objectives to ensure that it upholds the highest standards of integrity and transparency while contributing to a robust framework that supports sustainable development of the nation and fosters a transparent system.”

Photo Caption: PNB MD&CEO Shri Atul Kumar Goel (centre), along with senior officials/ board of directors of the Bank, inaugurated Vigilance Awareness Week 2024 at PNB's Corporate Office. 

Marut Drones Secures $6.2M In Series A Funding To Strengthen Product Development And Manufacturing Capabilities

Marut Dronetech Pvt Ltd, a leading drone technology company with DGCA certification for manufacturing and training has raised $6.2 million in Series A funding from Lok Capital. Marut Drones is at the forefront of innovation in drone technology and is building a robust ecosystem to promote drone adoption across various sectors in India. Lok Capital’s investment in Marut Drones reaffirms its commitment to backing innovative tech-enabled food and agriculture business models. The impact of Marut’s initiatives extends far beyond individuals, the proactive approach will translate into heightened economic activity in tier 2 and 3 cities, fostering entrepreneurship and financial independence for rural communities at the grassroots level.

Marut Drones plans to allocate funds towards several key initiatives, including the development of advanced agricultural drones tailored to customer needs, expanding its channel partner network and service centers into Tier 2-3 cities to better serve rural customers, and establishing drone agriculture service hubs to offer Drone-as-a-Service with a partnership approach. The company also aims to recruit professionals across all verticals, foster drone entrepreneurship, launch 17 new drone academies to train skilled professionals and enhance its research and development efforts in partnership with leading institutions in India to create advanced applications like direct seeding and crop monitoring.

Hari Krishnan, Director of Lok Capital expressed his enthusiasm for this transformative investment, stating, “We’re excited to partner with the team at Marut to bring solutions to farmers and the broader rural economy. Drones for agriculture are a novel technology that can secure the health of crops, while also saving water, preserving soil health, avoiding exposure to chemicals, increase yield to farmers and providing income to village-level entrepreneurs. Our investment in the company will support market expansion, new technology innovations, and indigenous manufacturing efforts.”

Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones said, ‘We are excited about this fund raise and bringing on-board like-minded investors. This significant investment reinforces Marut Drones’ commitment to empower Indian farmers and develop applications for aggregating drone-based services for institutions across sectors. The fresh capital will also allow us to make investments in building our team, increasing our manufacturing capacity to 3000 drones per annum, and marketing to continue scaling at a rapid pace to reach a revenue target of 1000 cr in the next five years.”

Founded in 2019 by Prem Kumar Vislawath, Suraj Peddi and Sai Kumar Chinthala, Marut Drones has a goal of establishing a pan-India presence, thus positioning the company to play a pivotal role in modernizing agriculture across diverse geographies. While agriculture will remain a priority, Marut Drones is also exploring disaster management and surveillance applications, reinforcing its role as a comprehensive drone technology provider. Marut is committed to creating rural employment opportunities for tier 2 and 3 cities, contributing to enhanced productivity and reduced input costs for farmers. The company has grown to over 200 team members and has a fleet of 750 drones and over 1000 drone pilots across 14 states in India. Marut’s AG365H India’s first DGCA Type Certified medium category multi-utility agricultural and fish feeding drone was recently inaugurated by Chief Minister of Andhra Pradesh and Minister of Civil Aviation of India. Marut Drones is inviting partnerships from enterprising individuals, agri entrepreneurs, large agri input companies, agri equipment manufacturers, agri retailers/ dealers/ distributors for all its business activities – drone sales, drone service and drone training, to join in its journey in creating a revolution in the Indian agri industry. 

Hero MotoCorp Surges Ahead During The Festive Season With Its Highest-Ever Festive Sales

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, achieved its highest-ever retail sales during the recent 32-day festive period,  starting from Navratri.

With sales of over 15.98 lakh (1.6 million) units, the company registered an impressive 13% growth compared to the festive season of 2023.

The robust demand for Hero MotoCorp's products was evident across both urban and rural India. The 125cc motorcycle segment, with Xtreme 125R, emerged as a key growth driver, while the 100cc segment also contributed positively to the company's strong sales performance.

VIDA, Hero MotoCorp's electric vehicle brand, crossed a significant milestone by achieving 11,600 retail sales during the same period. VIDA network's ongoing expansion, leveraging Hero Premia and Hero 2.0 outlets, in conjunction with a heightened emphasis on the Top 30 towns, is yielding positive results. The upcoming portfolio expansion is set to infuse the brand with further impetus.

The Harley-Davidson X440 achieved sales of over 2800 units, highlighting the brand's popularity. As the company aims to expand the Premia network to over 100 locations by the end of this fiscal year, it will enhance the reach and accessibility of this aspirational brand.

Niranjan Gupta, Chief Executive Officer, Hero MotoCorp, said “For the second consecutive year we have achieved our highest-ever festive retail sales, which is a testament to Hero MotoCorp's position as the preferred brand in India. We are grateful for the unwavering trust of our millions of customers. There has been good momentum and growth in most parts of the country with rural sales catching up with the urban segment in the latter half of the festive season. We expect the momentum to continue and are optimistic about the remainder of the year.”  

Hero MotoCorp's exceptional performance during the festive period has enabled it to further solidify its leadership position. The company's sustained focus on innovation, customer satisfaction, and a strong sales network highlights its commitment to providing high-quality products and meeting the diverse needs of its customers.

Indo-Korean Music Synergy: KOLAB’s Groundbreaking Collaboration For 2024

The Indian Performing Right Society Ltd. (IPRS) and the Korean Music Copyright Association (KOMCA) are thrilled to announce the upcoming “Indo-Korean Music Collaboration Programme”, a one-of-a-kind initiative designed to foster cultural exchange and create original cross-cultural music. Set to take place from November 6th to November 12th, 2024, at the True School of Music, Vijaybhoomi University Campus, Jamrung, Maharashtra, this event will bring together 15 artists, 10 from across India and 5 from South Korea, to collaborate on songwriting, composition, music production, and creative innovation. Blending diverse musical influences, the programme aims to forge lasting artistic and industry connections while introducing fresh, globally appealing music rooted in the rich traditions of both Indian and Korean music.

KOLAB will offer a unique setting for participants to expand their creative horizons through collaborative sessions guided by leading music creators such as Bunty Bains and Mayur Puri who will serve as the Creative Directors. Throughout the week, participants will merge their distinctive styles and ideas, infusing Indian rhythms with Korean popular music influences to create songs that embody the vibrant cultural exchange of both nations. The event will culminate in an exclusive listening session on 13th November in Mumbai, where the newly composed songs will be presented to an audience of industry professionals, offering these artists valuable exposure, feedback, and potential opportunities for broader reach and commercial success.

Commenting on the initiative, Mr. Rakesh Nigam, CEO of The Indian Performing Right Society, said, “At IPRS, we are dedicated to creating a vibrant platform for music creators, empowering them with global exposure and collaborative opportunities that transcend borders. Our collaboration with KOMCA through KOLAB is a testament to our commitment to cultural bridging, seamlessly connecting the rich musical traditions of India and Korea. Furthermore, we stand firm in our mission to protect the rights of artists, ensuring that their creative contributions are recognized and rewarded. Together, we are not just promoting music; we are fostering a thriving, interconnected community of artists.”

“Vijaybhoomi University is thrilled to host KOLAB — the first-of-its-kind Indo-Korean Songwriting Program—on its scenic & green campus in Jamrung, Maharashtra. Powered by the True School of Music at Vijaybhoomi, this seven-day residency will bring together artists from India and South Korea, providing an inspiring setting for creative expression and cross-cultural collaboration.

Organized by the Indian Performing Right Society and the Korean Music Copyright Association, this event signifies a new chapter in the expanding Indian music industry, fostering stronger ties between the two countries through the universal language of music”, said Mr. Vinay Prabhakar, Dean, The True School of Music Vijaybhoomi University.

“As curators of the Indo-Korean Song Camp, organized by IPRS in association with KOMCA, we at Bunty Bains Productions are thrilled to guide and bring together talented artists from India and Korea, This camp is a unique opportunity for artists to blend their skills and cultural, background, creating fresh, innovative music that bridges two rich musical traditions”, added Bunty Bains, Lyricist, Composer, Producer & CEO of Bunty Bains Productions.

KOLAB’s vision extends beyond producing original cross-cultural music; it aims to establish enduring collaborations between the Indian and Korean music industries. By fostering relationships throughout the programme, KOLAB aspires to create a foundation for ongoing artistic exchange and future creative partnerships, highlighting the international appeal and significance of this initiative. Through KOLAB, IPRS and KOMCA are paving the way for meaningful cultural exchange, strengthening the growth of independent music, and building a global network of creators that celebrates and sustains both musical legacies while driving innovation in the industry.