Samsung Introduces Personal Health Records Feature On Samsung Health App In India

·       The Health Records feature aligns with the Indian government’s Ayushman Bharat Digital Mission (ABDM), allowing users to manage their health data securely and efficiently

·       Users can now access, upload and manage their health records digitally, eliminating the need for physical paperwork 

·       Registered users can view their medical history, including prescriptions, laboratory results, and hospital visits, all securely linked to their unique ABHA ID

India’s largest consumer electronics brand, Samsung announced that it has added the Health Records feature to the Samsung Health app to help users manage their health more comprehensively.

The Health Records feature enables users to create and access their Ayushman Bharat Health Account (ABHA) directly through the Samsung Health Mobile App. Users can now effortlessly manage their health data generated by healthcare providers across India, transforming the way individuals take charge of their personal health records.

Samsung’s new initiative to empower its users by providing seamless and secure integration with the country’s digital health ecosystem is aligned with the Indian government’s Ayushman Bharat Digital Mission (ABDM) project.

“Samsung prioritizes customer needs and continually enhances products and services to enhance their everyday experiences. The introduction of the Health Records feature for India within the Samsung Health app signifies our dedication to provide convenient access to Digital Health records, enabling data sharing with doctors or caretakers in a secure manner anytime. This feature empowers users to manage their health history, track progress, and maintain better control over their well-being,” said Kyungyun Roo, Managing Director, Samsung Research Institute, Noida.

The Health Records feature is the result of a collaborative effort across R&D, UX Design and Consumer Experience teams at Samsung with Eka Care, India’s leading ABDM-certified integrator. With this feature, users can register for an ABHA account within the Samsung Health app with their Aadhaar or mobile phone numbers. Once registered, they gain access to view their medical history, including prescriptions, laboratory results, hospital visits, and more — all securely linked to their unique ABHA IDs. 

"At Eka Care, we are thrilled about this partnership with Samsung, as it will significantly accelerate the adoption of ABDM across India. This collaboration is a key step toward building a more connected and efficient healthcare ecosystem in the country,” said Deepak Tuli, co-founder, Eka Care.

Samsung aims to revolutionize how Indians approach personal healthcare management, by leveraging the power of digitization. Users can now safely store their health records in the ABDM-certified secure health lockers and not be burdened by cumbersome paper trails.

In addition, during OPD visits at ABDM-compliant hospitals and clinics, users can simply scan the QR code via the Samsung Health app to obtain a virtual queue token and minimize wait times.

Samsung Health app offers comprehensive health services including medication management, sleep monitoring, mindfulness programs, and irregular heartbeat notifications. All Samsung Health user data on Samsung devices is secured by defense-grade Knox Security Platform.

Indian users can experience the new Health Records feature via Samsung Health’s latest app updates on Samsung Galaxy store and Google play store.

Samsung Newsroom India

Samsung Introduces Personal Health Records Feature on Samsung Health App in India – Samsung Newsroom India

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners. 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.

FADA Commences 13th Auto Summit 2025: Shaping The Future Of Mobility With Safety, Efficiency, And Sustainability

* Marked presence of over 1,800 participants, featuring 75 distinguished speakers across 20 sessions

The Federation of Automobile Dealers Associations (FADA) commences the 13th edition of the Auto Summit 2025, the biennial flagship convention transformed to be an annual show in sync with Bharat Mobility the Global Expo. The summit, themed “Safe, Efficient & Sustainable: Shaping Tomorrow’s Mobility,” provides an overview of the Indian retail automobile industry. The event was attended by senior government officials and prominent figures from the Indian automobile industry, reflecting the dynamic and ever-evolving nature of the sector.

The FADA Auto Summit, widely recognized as the "Maha Kumbh" of the Indian automobile retail industry witnessed the presence of Shri H.D. Kumaraswamy, Hon’ble Union Minister for Heavy Industries, Government of India, graced the event as the Chief Guest. Joining virtually, Shri Nitin Jairam Gadkari, Hon’ble Union Minister for Road Transport & Highways, Government of India, addressed the gathering as the Guest of Honour.

FADA Auto Summit serves as a prestigious platform bringing together manufacturers, government officials, dealers, industry analysts, academia, and thought leaders. It also enables comprehensive discussions on the evolving dynamics of auto retail and services, emerging business opportunities, and strategic visions for the industry's future. This year Auto Summit 2025, featured over 75 distinguished speakers across 20 sessions, offering an unparalleled opportunity for stakeholders to engage in meaningful dialogue, exchange insights, and explore sustainable growth strategies during the event.

Recognizing the automotive industry’s contribution to the Indian economy, Shri H.D. Kumaraswamy, Hon’ble Union Minister for Heavy Industries, Government of India, said, “The 13th Auto Summit is a pivotal moment for India’s automotive sector, focused on the theme "Safe, Efficient & Sustainable: Shaping Tomorrow’s Mobility." Safety remains a core priority, with an emphasis on enhancing road safety standards, integrating advanced driver-assistance systems, and improving infrastructure. Achieving this requires collaboration among manufacturers, dealers, policymakers, and consumers to reduce accidents and protect lives. Efficiency is also at the forefront, as evidenced by the 9% growth in vehicle sales in 2024, reaching 26.1 million units. This growth reflects the industry's focus on cutting-edge technologies that streamline manufacturing and enhance customer experiences across all segments.”

He further added, “Sustainability is now a necessity. In 2024, electric vehicle (EV) sales surged to 14,08,245 units. Together, these efforts, supported by FADA and the government, are positioning India as a global leader in safe, efficient, and sustainable mobility, ensuring the sector meets both consumer needs and global challenges like climate change and road safety.”

Hon'ble Minister for Road Transport and Highways, Shri Nitin Gadkari, stated that, “The Indian automobile sector is witnessing a remarkable transformation, growing from ?7 lakh crore to ?22 lakh crore, now surpassing Japan globally, and becoming the fastest-growing economy in the world. As the 5th largest economy, India is on track to become the 3rd largest, backed by its immense skilled and youth workforce. The country's potential in raw materials, especially at reasonable rates, positions us to lead in industries ranging from 2Ws and tractors to alternative fuel options.”

He further added, “India is not just leading domestically and now has a strong foothold in the international market, with 50% of the two-wheeler segment being exported. The focus on clean, sustainable energy—ranging from ethanol and biodiesel to hydrogen and electric—underscores our commitment to a greener future. As we work towards reducing our dependency on fossil fuels, we’re creating employment opportunities for millions, with the automobile sector alone poised to generate up to 4 crore jobs. The industry’s future looks promising, with a competitive edge driven by research, innovation, and the focus on quality. We are committed to making India an ‘Atmanirbhar Bharat’, achieving self-sufficiency, while also positioning ourselves as global leaders. Initiatives like the pilot project in Nagpur for ropeway cable cars and flash-charging buses highlight the industry's focus on cutting-edge technology for urban mass transport. The potential for growth is enormous, as we continue to expand both the domestic and export markets. With strong research, investment in institutions like IITs, and a robust focus on sustainability, India is well on its way to being a global powerhouse in the automobile sector."

FADA President Mr. C S Vigneshwar said, “As we gather today at FADA’s 13th Auto Summit, it is inspiring to reflect on the significant progress our industry has made in shaping India’s automotive landscape. Over the past year, the sector has displayed remarkable resilience, achieving a 9% growth in vehicle retail. This success highlights the strength of consumer confidence and the dedication of all stakeholders in the ecosystem. This year the theme of the summit, ‘Safe, Efficient & Sustainable: Shaping Tomorrow’s Mobility,’ underscores the collective responsibility we share to shape an automotive future that is not only technologically advanced but also mindful of our environmental and societal obligations. As vehicle penetration increases, it is essential that we prioritize road safety, enhance operational efficiency, and accelerate our transition to sustainable mobility solutions. These are not just goals but imperatives for the industry to thrive and for India to emerge as a global leader in mobility.”

He further added, “The successful implementation of FAME I and II, along with the ongoing PM eDrive initiative, are crucial steps in India's journey towards cleaner and greener vehicles, and FADA remains committed to supporting these efforts.”

At the 13th edition of the Auto Summit, Mr. Saugato Bhowmik Director CPG & D2C Automotive Meta India along with Mr. Kartick V Nagpal President, Rosmerta Group were present sharing the views & vision for the Indian Automobile industry. Their participation highlighted the growing role of technology and innovation in shaping the future of mobility, further enriching the summit’s focus on safety, efficiency, and sustainability.

The event, themed “Safe, Efficient & Sustainable: Shaping Tomorrow’s Mobility,” was thoughtfully designed to underscore the importance of these aspects for the sector. It featured lively discussions on the critical challenges facing the Indian automobile sector, fostering collaboration and actionable strategies to align with India’s vision for a safer, more efficient, and sustainable future.

ANNEXURE 1

Inaugural Session : 9:30 AM to 10:20 AM

The inaugural session commences with the Presidential Address by Mr. CS Vigneshwar, President, FADA, outlining the event's goals. Key highlights include the unveiling of two pivotal reports: Future of Auto Dealerships: Safe, Efficient & Sustainable and META India’s Shift Gears: A Guide to Driving Demand for India’s Automotive Industry. The session will also honor Mr. John K Paul, Past President, FADA, with the Exemplary Contribution Award, followed by an address by Mr. H. D. Kumaraswamy, Hon’ble Union Minister of Heavy Industries. Keynote speeches from Mr. Saugato Bhowmik and Mr. Kartick V Nagpal will offer additional insights, concluding with a Vote of Thanks by Mr. Sai Giridhar, Vice President, FADA.

White Paper Presentation : 10:25 AM to 10:35 AM

Mr. Harshvardhan Sharma, Head of Auto Retail Practice at Nomura Research Institute Consulting & Solutions Pvt. Ltd., delivered a presentation on the findings of a comprehensive white paper. This session will provide key insights into emerging trends, challenges, and strategic recommendations for the auto retail industry, offering stakeholders actionable guidance to navigate the evolving market dynamics effectively.

Keynote Address : 10:35 AM to 10:45 AM

Mr. Sumit Bali, Country Head for Retail Assets & Debt Management at YES Bank Ltd., delivered the keynote address, focusing on the financial landscape of the auto dealership ecosystem. His insights will explore opportunities for capital optimization, address challenges in debt management, and provide strategic frameworks to drive financial sustainability in the sector.

Guest of Honour Address : 10:45 AM to 11:15 AM

The Hon’ble Union Minister for Road Transport & Highways, Shri Nitin Jairam Gadkari, delivered the Guest of Honour address, emphasizing the government’s commitment to road safety and sustainable mobility. The address will highlight pivotal initiatives, policy frameworks, and technological advancements aimed at building a robust and eco-friendly transportation infrastructure, supporting India’s vision for a progressive and sustainable future.

Recognition of Excellence : 11:15 AM to 11:20 AM

In this segment, Mr. Rajeev Chaba, CEO Emeritus of JSW MG Motor India, was honored for his remarkable contributions to the automobile industry. The recognition celebrates his visionary leadership and dedication to advancing trade and innovation, which have significantly shaped the sector’s growth trajectory.

Announcement of FADA’s New Two-Wheeler Vertical : 11:20 AM to 11:25 AM

Mr. Pradeep Agarwal, Treasurer of FADA, announced the launch of FADA’s dedicated Two-Wheeler Vertical. This initiative marks a strategic milestone in addressing the opportunities and challenges of the two-wheeler segment, demonstrating FADA’s commitment to fostering growth and innovation within this key market.

Anchor Panel 1 – Safety First: Building a Safer Future for Indian Roads and Vehicles : 12:00 PM to 1:25 PM

The panel focuses on key safety initiatives and innovations essential for improving road safety and vehicle standards in India. Panelists include industry leaders such as Mr. Diego Graffi (Piaggio Vehicles), Mr. Mohan Savarkar (Tata Motors), Mr. Munish Dayal (SK Finance), Mr. Rajinder Singh Sachdeva (VE Commercial Vehicles), Mr. Ranjivjit Singh (Hero MotoCorp), Mr. Sumit Bali (YES Bank), Mr. Tushar Dhimar (SBI General Insurance), and Mr. Ashish Pande (FADA MP). The discussion, moderated by Mr. Hormazd Sorabjee, Editor of Autocar India, will address innovations, policies, and collaborative efforts required to build a safer transportation ecosystem in India.

Concurrent Workshops : 12:10 PM – 1:25 PM

Workshop I: Women in FADA (WiF) – Driven by Courage

Prominent women leaders, including Ms. Kavita Himatsingka, Mrs. M. Radha Harshavardhan, Dr. Ranjana Bansal, and Ms. Pema YK Loyi, will share their experiences and challenges in the automotive world. Moderated by Mrs. Rashmi Kale, the session highlights women’s impact in the industry.

Workshop II: The Next Generation Riding the Automotive Wave

Young leaders Mr. Abhishek Goel and Dr. Elisha Thanawala will discuss their vision for the future of the automotive industry. Moderated by Mr. Rishabh Sanghi, this session focuses on the next generation of industry professionals.

Workshop III: Meta Hyperlocal Strategies

Meta India experts will explore data-driven tools to drive local automotive demand and enhance digital engagement for dealers.

Workshop IV: Self-Assessment Health Check for Auto Dealers

Mr. Hemal N. Thakkar from CRISIL will guide dealerships on performance metrics, providing insights into improving efficiency and competitiveness.

Partner Showcase: Madhus Garage Equipment Pvt Ltd : 02:25 PM to 02:30 PM

Presented by Mr. Nikhil B, Deputy Managing Director of Madhus Garage Equipment Pvt Ltd. The segment highlights the company’s latest innovations in garage equipment solutions designed to enhance service efficiency and workshop operations.

Partner Showcase: Vodafone Idea Business - 02:30 PM to 02:35 PM

Presented by Mr. Rajeev Mehta, Executive Vice President – SME Business at Vodafone Idea. Mr. Mehta discussed how Vodafone Idea’s business solutions cater to the automotive sector, helping companies streamline operations with robust connectivity and data management systems.

Partner Showcase: SpareCare - 02:35 PM to 02:45 PM

Mr. Naveen Chauhan and Mr. Harish Kothari, Co-Founders of SpareCare, presented their innovative solutions that help dealerships manage spare parts and service operations, driving efficiency and improving customer satisfaction.

Anchor Panel 2: Efficiency in Motion - Streamlining Operations & Customer Experience : 02:45 PM to 04:00 PM

The panel will explore how automotive businesses can streamline operations and enhance customer experience. Industry leaders will discuss operational efficiency in parts and service, innovations in customer engagement, and the role of digital tools in transforming the customer journey. Panelists include Mr. Anil Kumar Dhingra (Ashok Leyland), Mr. Gurbinder Singh Dhillon (Orbitsys Technologies), Mr. Hardeep Singh Brar (Kia India), Mr. Rajesh Kaul (Tata Motors), Mr. Saugato Bhowmik (Meta India), Mr. Nalinikanth Gollagunta (Mahindra & Mahindra), Mr. Ashutosh Varma (Hero MotoCorp), and Mr. Ajay Agarwal (GO Auto Pvt Ltd). The session will be moderated by Ms. Aditi Shah (Reuters).

Concurrent Sessions :

Workshop V: FADA Academy: Accelerating Excellence (02:45 PM to 04:00 PM) highlights FADA Academy’s achievements and future plans for skill development. The session begins with a welcome address by Mr. Manish Raj Singhania, Chairman of FADA Academy. Mr. Arindam Lahiri, CEO of ASDC, inaugurated the Technical Skill Training Centres. Ms. Geetika Vig from Meta India will discuss the META Blueprint Program, while Mr. Raman Kumar Sharma from ASDC will cover “Management by Dashboard.” Prof. BK Panigrahi from IIT Delhi shared insights on advanced certification programs, and Dr. Sunil Anand and Mr. Pranjal Maheshwari will talk about on-the-job training.

Workshop VI: From Junk to Jumpstart (02:45 PM to 03:20 PM) delve into how vehicle scrappage schemes are revitalizing the retail sector. Mr. Laxminarayan Mishra, Deputy Secretary - Transport, Ministry of Road Transport & Highways, presented the government’s vision for vehicle scrappage, while Mr. Nitin Chitkara, CEO of Meta Materials Circular Markets,  highlights the role of the circular economy in vehicle disposal. Mr. Kartick V Nagpal and Mr. Sourabh Agarwal will discuss how scrappage impacts dealerships.

Workshop VII: New Business Opportunities for Dealerships by Sun Mobility (03:20 PM to 04:00 PM) explore the emerging opportunities for dealerships in the electric vehicle (EV) market. Mr. Ashok Agarwal, CEO of Sun Mobility, will discuss how battery swapping technology is driving new business models for dealerships in the EV sector.

Keynote Address : 04:40 PM to 04:45 PM

Mr. Girdhar Bagri, Country Head – Supply Chain Finance, Business Banking, HSBC India, will present a keynote address on supply chain innovations and how they are transforming the automotive industry.

Concurrent Sessions :

Workshop VIII: Bodyshop Management KPIs: Key Parameters to Improve Profitability (04:45 PM to 05:20 PM) focuses on the key performance indicators that bodyshops should focus on to enhance profitability. Mr. Vivek Sahai, Sales Manager – Vehicle Refinish, India & Sri Lanka at Akzo Nobel, leads this session, providing valuable insights into how bodyshops can optimize operations and improve their bottom line.

Workshop IX: Shift Gears in Auto Retail: Unlock Value with an IPO (05:25 PM to 06:00 PM) explores the potential for automotive businesses to unlock value through an Initial Public Offering (IPO). Mr. Aaditya Gutgutia, Executive Director at DAM Capital Advisors Limited, Mr. Suraj Malik, Founder & CEO of Legacy Growth, and Ms. Garima Misra, FADA Executive Committee Member & Managing Director of Group Landmark, shared their expertise on navigating the IPO process and the benefits it offers to auto retail businesses.

The session concluded with a Felicitation of Partners followed by a Vote of Thanks. 

Kotak Mahindra Bank Consolidated PAT For Q3FY25 Rs 4,701 Crore, Up 10% YoY

* 9MFY25 Rs 14,180 crore, up 10% YoY

* Standalone PAT for Q3FY25 Rs 3,305 crore, up 10% YoY

* 9MFY25 Rs 10,168 crore, up 5% YoY

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter ended December 31, 2024, at the Board meeting held in Mumbai.

Consolidated results at a glance

Consolidated PAT for Q3FY25 increased to Rs 4,701 crore from Rs 4,265 crore in Q3FY24, up 10% YoY and for 9MFY25 (before KGI divestment) increased to Rs 14,180 crore from Rs 12,876 crore in 9MFY24, up 10% YoY.

At the consolidated level, Return on Assets (ROA) for Q3FY25 (annualized) was 2.30% (2.46% for Q3FY24). Return on Equity (ROE) for Q3FY25 (annualized) was 12.43% (13.83% for Q3FY24).

Consolidated Capital Adequacy Ratio as per Basel III as at December 31, 2024 was 23.4% and CET I ratio was 22.5% (including unaudited profits).

As at December 31, 2024, Average Liqudity Coverage Ratio stood at 132%.

Consolidated Networth as at December 31, 2024 was Rs 152,878 crore (including increase in reserves due to RBI’s Master Direction on Bank’s investment valuation of Rs 5,654 crore and gain on KGI divestment of Rs 2,730 crore). The Book Value per Share at December 31, 2024 was Rs 769 (Rs 627 at December 31, 2023).

Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew to Rs 519,126 crore as at December 31, 2024 from Rs 451,524 crore as at December 31, 2023, up 15% YoY.

Total Assets Under Management as at December 31, 2024 were Rs 686,197 crore up 29% YoY over Rs 533,365 crore as at December 31, 2023. The Domestic MF Equity AUM increased by 39% YoY to Rs 319,161 crore as at December 31, 2024.

Kotak Mahindra Bank standalone results

The Bank’s PAT for Q3FY25 increased to Rs 3,305 crore from Rs 3,005 crore in Q3FY24, up 10% YoY and PAT for 9MFY25 increased to Rs 10,168 crore from Rs 9,648 crore in 9MFY24, up 5% YoY.

Net Interest Income (NII) for Q3FY25 increased to Rs 7,196 crore, from Rs 6,554 crore in Q3FY24, up 10% YoY and for 9MFY25 increased to Rs 21,058 crore, from Rs 19,084 crore in 9MFY24, up 10% YoY.

Net Interest Margin (NIM) was 4.93% for Q3FY25.

Fees and services for Q3FY25 increased toRs 2,362 crore from Rs 2,144 crore in Q3FY24, up 10% YoY and for 9MFY25 increased to Rs 6,915 crore from Rs 5,998 crore in 9MFY24, up 15% YoY.

Cost to income ratio was 47.24% for Q3FY25.

Operating profit for Q3FY25 increased to Rs 5,181 crore from Rs 4,566 crore in Q3FY24, up 13% YoY and for 9MFY25 increased to Rs 15,534 crore from Rs 14,126 crore, up 10% YoY.

Customers as on December 31, 2024 were 5.2 cr (4.8 cr as on December 31, 2023).

Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 15% YoY to Rs 459,436 crore as at December 31, 2024 from Rs 400,759 crore as at December 31, 2023. Advances (incl. IBPC & BRDS) increased 16% YoY to Rs 433,386 crore as at December 31, 2024 from Rs 372,464 crore as at December 31, 2023.

Unsecured retail advances (incl. retail microcredit) as a % of net advances stood at 10.5% as at December 31, 2024.

Average Total Deposits grew to Rs 458,614 crore for Q3FY25 compared to Rs 398,908 crore for Q3FY24 up 15% YoY. Average Current Deposits grew to Rs 66,589 crore for Q3FY25 compared to Rs 59,337 crore for Q3FY24 up 12% YoY. Average Savings Deposits grew to Rs 124,282 crore for Q3FY25 compared to Rs 123,227 crore for Q3FY24 up 1% YoY. Average Term Deposits grew to Rs 267,743 crore for Q3FY25 compared to Rs 216,344 crore for Q3FY24 up 24% YoY.

CASA ratio as at December 31, 2024 stood at 42.3%.

Credit to Deposit ratio as at December 31, 2024 stood at 87.4%. TD sweep balance grew 31% YoY to Rs 54,797 crore.

As at December 31, 2024, GNPA was 1.50% & NNPA was 0.41% (GNPA was 1.73% & NNPA was 0.34% at December 31, 2023). As at December 31, 2024, Provision Coverage Ratio stood at 73%.

Capital Adequacy Ratio of the Bank, as per Basel III, as at December 31, 2024 was 22.8% and CET1 ratio of 21.7% (including unaudited profits).

Standalone Return on Assets (ROA) for Q3FY25 (annualized) was 2.10% (2.20% for Q3FY24).

The financial statements of Indian subsidiaries (excluding insurance companies) and associates are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial statements of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are in accordance with Generally Accepted Accounting Principles in India (‘GAAP’) specified under Section 133 and relevant provision of Companies Act, 2013.

About Kotak Mahindra Group

Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd (KMBL).

Kotak Mahindra Group (Group) offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life and general insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked.

Kotak Mahindra Group has a global presence through its subsidiaries in UK, USA, Gulf Region, Singapore and Mauritius with offices in London, New York, Dubai, Abu Dhabi, Singapore and Mauritius respectively. As on 31st December 2024, Kotak Mahindra Bank Ltd has a national footprint of 2,068 branches and 3,337 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai).

https://www.kotak.com.

Provident Housing Announces Launch Of New Phase Of Provident Ecopolitan, Bengaluru

Provident Housing Limited, one of India’s leading large-scale community developers, is all set to launch a new phase of Provident Ecopolitan in Bengaluru this weekend (18th & 19th January 2025). Building on the overwhelming sold-out success of Phase 1, the new phase offers thoughtfully designed homes that seamlessly integrate sustainable design with contemporary living.

Ahead of the launch, Mallanna Sasalu, CEO, Provident Housing, said, “Building on the tremendous success of Phase 1, we are thrilled to announce a new phase of Provident Ecopolitan. Guided by our philosophy of empathetic design and delivering exceptional value to our customers, this phase features abundant greenery, over 30 lifestyle amenities, and our unique initiative of ‘one tree per family’. This project reflects our commitment to creating eco-friendly communities that offer a lifestyle centered on well-being and sustainability. With North Bengaluru’s strategic growth and excellent connectivity, Provident Ecopolitan is ideal for families seeking long-term value and quality living."

The new phase comprises 581 residential units available in 1 BHK, 3 BHK, and 3.5 BHK configurations, spread across two towers. The sizes range from 530–590 sq. ft. for 1 BHK units, 1,492–1,550 sq. ft. for 3 BHK units, and 1,793–1,911 sq. ft. for 3.5 BHK units, catering to diverse homeowner needs.

Strategically located in the rapidly developing KIADB Aerospace Park, the project provides seamless connectivity to the Kempegowda International Airport, Yelahanka Railway Station, and Bagalur Cross Metro Station (under construction). The project is also well-supported by robust social infrastructure, including leading educational institutions, healthcare facilities, and retail centres in the vicinity.

Provident Ecopolitan’s new phase features over 45 indigenous species of flora, ensuring a rich and diverse ecosystem that blends seamlessly with the natural environment. With its EV charging provisions and focus on green building practices, the project will provide residents with a sustainable lifestyle. Other amenities include a bird-watching deck, an amphitheater, outdoor gym, squash court, and co-working spaces, ensuring a lifestyle that balances leisure and productivity.

Provident Ecopolitan Phase 2 is registered under Karnataka RERA (PRM/KA/RERA/1251/309/PR/311224/007334).

Isuzu Motors India To Showcase Concept D-MAX BEV At Bharat Mobility Expo 2025

*       To showcase a vision for Electric Mobility with the D-MAX BEV Prototype marking a new era of Sustainable Mobility

*       Isuzu continues to lead the way with products for ‘Now… and forever’

Isuzu Motors India will showcase its electric mobility concept pickup with the unveiling of its Battery Electric Vehicle (BEV) prototype, D-MAX BEV at the Bharat Mobility Expo 2025. The vehicle was first unveiled in Thailand, earlier this year. The D-MAX BEV has been developed to meet a broad range of commercial and passenger vehicle needs while retaining the tough underlying performance expected of pickup trucks. This marks a significant step in Isuzu's journey toward sustainable innovation, underscoring its commitment to developing future-ready solutions.

The concept vehicle is equipped with a full-time 4WD system with newly developed e-Axles in front and rear, offering excellent performance on rough roads and linear acceleration. With high towing capacity along with a robust frame and body design, the D-MAX BEV will perform just as well as existing diesel models.

In addition to the D-MAX BEV, Isuzu will also showcase the accessorised version of D-MAX S-CAB Z. The vehicle is a testament to the brand’s legacy of delivering robust, reliable, and versatile vehicles. Renowned for its durability and efficiency, the D-MAX S-CAB Z continues to be a preferred choice for commercial operations, offering exceptional performance and functionality. Both these vehicles align with the company’s Bharat Mobility theme of ‘Now… and Forever.’

Isuzu Motors India made notable achievements in its portfolio in the year 2024. This includes the production milestone of one lakh vehicles at its state-of-the-art manufacturing facility at Sri City, Andhra Pradesh. The landmark milestone was achieved with the rollout of the popular Isuzu D-MAX model that has consistently garnered trust and recognition for its durability and reliability. Isuzu Motors India also strengthened its position as a leading exporter of commercial vehicles from India further reiterating Isuzu’s ‘Make-in-India’ commitment.

In addition to ramping up production, Isuzu Motors India has significantly expanded its reach across the country. Going forward, the company is looking at strategically increasing its touch points for taking the brand much closer to its customers. The company is also making strides in workforce diversity, with 22% of its production line workforce comprising talented women—a reflection of its commitment to inclusivity and empowerment.

As Isuzu continues to deliver vehicles built on a foundation of quality, reliability, and innovation, the brand’s philosophy of “Never Stop” remains at the heart of its operations, inspiring every step toward creating meaningful mobility solutions.

About Isuzu Motors India Pvt. Ltd.

Isuzu Motors India Private Limited (IMI), a subsidiary of Isuzu Motors Limited, Japan, was established in August 2012. Headquartered in Chennai, the company sells the popular ISUZU D-MAX V-Cross – India’s First Lifestyle and Adventure Pick-up, the Hi-Lander - All-rounder Pick-up and the ISUZU mu-X, premium 7-seater SUV in the personal vehicle segment and variants of ISUZU D-MAX pick-ups – S-CAB, S-CAB Z and Regular Cab, for the commercial segment. ISUZU vehicles are known for their reliability and performance around the world. Renowned the world-over, ISUZU vehicles are gaining huge significance in the Indian market as well, thanks to the ‘value proposition’ it offers the customers.  

Isuzu Motors India manufactures these products at its modern manufacturing plant in Sri City, spread over an area of 107 acres in the state of Andhra Pradesh. The company began its manufacturing operations in April 2016, with strong focus on quality and commitment to Indian market. In February 2020, Isuzu Motors India commenced the start of its Phase-II operations with the inauguration of the state-of-the-art Press Shop facility and engine assembly plant. In 2017, IMI started export of its ‘Made-in-India’ vehicles and has emerged as the India’s #1 Exporter of Goods Transport LCV Pick-up >2t <=3t Category for FY23-24, as per SIAM report.  An ISO 9001:2015 certified company, Isuzu Motors India is committed to providing products and services of the highest level of quality to ensure customer delight.  

The company has dedicated dealer touch-points, conveniently located in 68 locations across the country. For more information on the company, and its products/services. www.isuzu.in   

Sify Reports Revenues Of INR 10,491 Million. EBITDA Of INR 1,914 Million

HIGHLIGHTS

Loss for the period INR 258 Million

Revenue was INR 10,491 Million, an increase of 21% over the same quarter last year.

EBITDA was INR 1,914 Million, an increase of 13% over the same quarter last year.

Loss before tax was INR 119 Million. Loss after tax was INR 258 Million.

CAPEX during the quarter was INR 3,343 Million.

MANAGEMENT COMMENTARY

Mr. Raju Vegesna, Chairman, said, “India's growing prominence in the global marketplace is driven by its liberal policies, a supportive business environment, and a wealth of skilled resources. These factors combine to create a compelling growth opportunity for international companies, making India a critical destination in their global strategic expansion plans.

India has long established a reputation of being an IT service provider for the world. That narrative is now maturing to recognize that India can be an important AI test-bed for the emerging digital economy.  Multiple global leaders have also gone on record regarding the importance of the Indian market in their investment roadmap”.

Mr. M P Vijay Kumar, ED & Group CFO, said, “We stay focussed on cost efficiency and fiscal discipline, ensuring our financial strategies align with long-term value creation. Our current results are weighed down by depreciation, interest payments and escalating manpower costs.

Our strategic investments are guided by a forward-looking approach, designed to anticipate evolving market dynamics and drive sustainable growth. Our pursuit of responsible and innovative growth will be strengthened through such sustainable practices.

We draw your attention to Sify adopting the new standard of International Accounting Standards Board’s recent issuance of IFRS 18 (Presentation and Disclosure in Financial Statements), starting with the last quarter ending June 30, 2024. By adopting the new standard, we seek to maintain clarity and consistency in our financial communications. Importantly, while our presentation may change, there is no alteration in total income or net profit. December 2023 numbers are restated consequent to filing of Amended Form 20-F/A with SEC on January 13, 2025.

The cash balance at the end of the quarter was INR 5,327 Million”.

BUSINESS HIGHLIGHTS 

The Revenue split between the businesses for the quarter was Data Center colocation services 36%, Digital services 23% and Network services 41%.

During the quarter, Sify commissioned 5MW of additional Data Center capacity.

As of December 31,2024, Sify provides services via 1109 fiber nodes across the country, a 14% increase over same quarter last year.

As of December 31, 2024, Sify has deployed 9473 contracted SDWAN service points across the country.

CUSTOMER ENGAGEMENTS

Among the most prominent new contracts during the quarter were the following:

Data Center Services

A web hosting company and an ecommerce IT peripherals player migrated from the competition’s data center to Sify Data Center.

One of the largest private and public sector banks contracted to expand their DR at two Sify’s premises.

The Central Bank’s arm for payments and settlement contracted for a DR location and a private bank contracted for an Near DR.

Digital services

An industrial construction major and a mobility solutions provider contracted to migrate their on-prem DC to Sify’s Cloud platform.

One of the oldest publishing houses, a retail automation player, a home grown diversified MNC and inland waterway channel contracted Sify to build greenfield cloud platforms.

A majority of these entities also signed up for value added services, such as services like DRaaS, PaaS and IaaS.

A publicly listed state technology mission signed up for on-prem commissioning of private cloud services.

New contracts for Managed services included the IT mission of a state government, a public sector bank and a national insurance player.

The technology partner to the Government of India, multiple banks and a heavy machinery supply chain major signed up for on-prem Security build services.

A Public sector bank, the technology partner to the Government of India, an insurance major, a fintech major and the IT mission of a state government signed up for technology refresh.

Sify delivered more than 2 million online assessments this quarter.

A homegrown MNC’s international hospitality division contracted for supply chain integration.

Network Services

A global banking major with presence in India and a retail MNC signed up for Sify’s Global Cloud interconnection.

One of the largest Investment banks and a global FMCG contracted for Sify's Cloud interconnect Solutions.

A global investment bank and the country’s premier financial transaction settlement assurance platform transitioned their networks to Sify.

A state government’s police service signed up for Wide Area Networking.

Sify landed a second intercontinental cable system at its Open Cable landing station.

Sify has also commenced services on the Mumbai – Noida National Long Distance (NLD) network.

Management-defined Performance Measures (MPMs)

Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities.

Management believes adjusting operating profit for these items provides comprehensive information of the company’s operating performance.

About Sify Technologies

A multiple times award winner of the Golden Peacock from Institute of Directors for Corporate Governance, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. 

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Wipro Announce Robust Results For Quarter Ended December 31, 2024

* Revenue grew 0.1% QoQ. Net income grew 4.5% QoQ.

* IT Services margin expands 70 basis points QoQ to 17.5%. Highest in last 3 years.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced its financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2024.

Highlights of the Results

1. Gross revenue was at Rs 22,320 Crore, an increase of 0.1% QoQ

2. Net income for the quarter was at Rs 3,350 Crore, an increase of 4.5% QoQ

3. IT services operating margin for the quarter was at 17.5%, an increase of 0.7% QoQ.

4. Total order bookings was at $3.5 billion. Large deal bookings was at $961 million, an increase of 6% YoY

5.Earnings per share for the quarter was at ?3.21, an increase of 4.6% QoQ.

Wipro today announced that in the quarter ended December 31, 2024, the company has performed better than its own guidance. The company clocked INR 22,320 crore revenue and INR 3,350 crore in profit. The company also improved its IT services margin by 70 basis points (QoQ) to 17.5%, which is also the highest operating margin for the company in the last 3 years. The company also announced an interim dividend of Rs 6 per share for its shareholders.

Srini Pallia, CEO and Managing Director, said “In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people. We closed 17 large deals with a total value of $1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future.”

For the quarter ending March 31, 2025, the company expects revenue from its IT services to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.0% to 1.0% in constant currency terms.