Archives August 2023

New Delhi, 3rd August 2023: Elista, India’s leading manufacturer of electronics, home appliances, IT & mobile accessories products, is thrilled to announce the launch of its latest range of Bluetooth-enabled speakers designed for music enthusiasts. These ‘Made in India’ these portable Single Tower speakers boast a perfect blend of powerful subwoofers and tweeters to deliver an immersive and captivating sound experience. With a price range from Rs 5,999 to 12,999, the advanced features of these products will help expand Elista’s presence in the audio segment.

 The new series of wireless single trolley speakers are expertly crafted to provide a high-quality home and outdoor entertainment experience. Available in three different power output ratings, each speaker is tuned to ensure crystal-clear audio performance and heart-pounding bass for an unparalleled music-listening experience.

 Speaking on the launch, Mr Pawan Kumar, CEO of Elista said, “At Elista, our focus has been on diversifying and expanding our presence in key segments. The launch of these three speakers is a step in the same direction. We expect that the modern features and affordable price points of these speakers will help Elista appeal to a wider set of consumers in this segment. They are a perfect choice for music enthusiasts that are looking at building a studio experience in a budget.”

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 The new range of Single Trolley speakers will be available through Elista’s extensive retail network which consists of over 10,000 outlets.

 ELS T-5000 Blast TUFB

With a total power output of 20W + 20W (40W) with an 8″ x 2 subwoofer and 1x tweeter, the ELS T-5000 Blast is a portable powerhouse of immersive audio. With Bluetooth v5.0 technology and a 10-meter range, wireless connectivity becomes effortless. The 5200mAh rechargeable battery ensures uninterrupted music playback for up to 3 hours at 75% volume. The Wireless MIC (VHF) with MIC Volume & Echo Level Control enhances karaoke sessions and interactive fun. The 7 Segment LED Display, rotary volume controls, full-function remote handset, and mobile phone holder offer user-friendly control and convenience.

 ELS T-5000 TUFB

Despite its pocket-friendly price tag, the ELS T-5000 TUFB Single Trolley Computer Speaker delivers an impressive sound experience, boasting a power output of 15W x 2 (30W), amplified by an 8″ x 2 dynamic subwoofer and 1x tweeter. Its Bluetooth v5.0 technology ensures smooth wireless music streaming with a range of 10 meters. Equipped with a 5200mAh rechargeable battery, users can revel in their favourite tunes for up to 3 hours at 75% volume. Adding to the entertainment factor, the speaker features a Wireless MIC (VHF) with MIC Volume & Echo Level Control for interactive karaoke sessions. For ultimate convenience, the speaker boasts a 7 Segment LED display, a full-function remote handset, and a mobile phone holder.

 ELS T-6200 AUTFB

Embodying the pinnacle of audio excellence, the ELS T-6200 unleashes a remarkable power output of 30W x 2 (60W) through its twin 10″ subwoofers and 1x tweeter. The audio is tuned to deliver thumping bass, clear treble and unmatched clarity with all sorts of audio input. With the Bluetooth v5.0 and UHF-enabled display, the wireless range extends up to 35 meters, enabling seamless music streaming from a distance. The 4400mAh rechargeable battery provides extended playtime for up to 3 hours at 75% volume.

 The Wireless MIC (VHF) with MIC Volume & Echo Level Control adds a professional touch to karaoke performances during home and outdoor parties. The analog controls for volume, bass, and treble, along with the 7 Segment LED Display and mobile phone holder, ensure ease of use and exceptional sound customization.

Pune, 3rd August 2023 – Marriott Hotels India is pleased to announce the appointment of Mr. Supreet Roy as General Manager at Sheraton Grand Pune. With an illustrious career spanning over two decades, Mr. Roy brings an unparalleled level of expertise and a proven track record of achievements to his new role. Having completed his education at IHM Kolkata, Mr. Supreet Roy has a strong hospitality background. He has since then moved on to work with some of the most renowned hospitality brands such as as Hyatt, Radisson, Imperial Hotel, and the Accor group of Hotels.

As the former General Manager of Novotel Chennai Chamiers Road, Mr. Roy propelled the hotel to extraordinary success. Under his strategic guidance, the hotel consistently surpassed market share targets, solidifying its position as a niche aspirational destination for urban travelers. He was then given the additional role of championing the food & beverage for the region of India and South Asia for Accor Hotels

In his new capacity as General Manager at Sheraton Grand Pune, Mr. Roy will steer the hotel toward unprecedented success. His dynamic leadership, coupled with a strong focus on operational excellence and customer-centric strategies, will undoubtedly set new benchmarks in the luxury hospitality industry.

Sheraton Grand Pune is poised to benefit immensely from Mr. Roy’s exceptional skill set and visionary outlook. His passion for creating memorable moments and an unwavering commitment to excellence will undoubtedly propel the hotel to the forefront of the city’s luxury hospitality landscape.

We at Marriott India are delighted to welcome Mr. Supreet Roy to the Sheraton Grand Pune family. His proven leadership abilities and exceptional industry expertise make him the perfect choice to lead this esteemed property. We are confident that under his guidance, the hotel will continue to thrive, offering unparalleled luxury experiences to the guests.

Thrissur/ Mumbai: South Indian Bank launches SIB EXIM Current Account specially curated for customers involved in Import and Export business. The Current account is available in two variants SIB EXIM Silver and SIB EXIM Gold with the required Quarterly Forex Throughput (QFT) of 15000 (USD equivalent) and 50000 (USD equivalent) respectively.

SIB EXIM Current Account offers Competitive rates in Trade finance transactions, Free & Unlimited NEFT/RTGS transactions through digital channels, Unlimited Free Cash withdrawals from any SIB branches, Free Cash Deposit limit up to 15 times of previous month’s AMB, Free issuance of the International Debit card and a lot more transactional benefits to cater the needs of this segment.

Earlier, the bank has launched “SIB TF Online” a digital banking platform to facilitate Trade Finance transactions through Corporate Internet Banking 24X7 in a safe and paperless manner. Moreover, South Indian Bank is also authorized by RBI as an Agency Bank for the collection of Customs Duty through ICEGATE portal.

Speaking about the launch Mr. Thomas Joseph K, EVP & Chief Business Officer said, “We are excited to offer our customers this dedicated current account product for managing their international trade needs. This new product is a testament to our commitment to providing our customers with the tools and resources they need to succeed in the global marketplace”

India, 3rd August 2023 – Synaptics® Incorporated (Nasdaq: SYNA) today announced that it has added new products and technologies to its wireless license agreement with Broadcom and extended its original 2020 exclusive rights in certain markets by three years to 2026. The deal adds Broadcom’s best-in-class Wi-Fi 7, Bluetooth 6.0, and Bluetooth Enterprise True Wireless Stereo (TWS) IP to accelerate Synaptics’ roadmap to meet the growing demand for robust IoT connectivity across an increasingly diverse range of applications such as home multimedia, automotive infotainment, security cameras, tablets, and audio headsets.

“Since the original acquisition, we’ve had incredible success in expanding our wireless opportunities, and it has been instrumental to our growth in our core IoT markets,” said Michael Hurlston, President and CEO of Synaptics. “This new deal allows us to add Broadcom’s best-in-class IP to our portfolio in the high end to extend our leadership in those segments while we continue to innovate around ultra-low-power, low-cost, and wireless MCU solutions for the broader IoT market.”

Synaptics’ first Wi-Fi 7 devices will be available for customer sampling in 2024 for high-performance security and high-throughput video and audio applications. The Bluetooth 6.0 IP is dual-core and supports Bluetooth, Bluetooth Low Energy (LE), and Bluetooth LE-plus-Thread, which unlocks a wide range of markets, including home automation, industrial, and medical. The Bluetooth TWS IP enables the extension of Synaptics’ leading enterprise audio offerings into a range of high-performance wireless SKUs.

Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

Delhi NCR, 3rd August 2023 – LoanTap, a leading digital lending platform, takes yet another significant stride towards expanding its footprint across the nation with the inauguration of its office in Delhi NCR. This move comes as a testament to LoanTap’s unwavering commitment to providing innovative and customer-centric financial solutions to individuals and businesses.

The acquisition of Unofin, a prominent financial services provider in the region, paves the way for LoanTap to extend its reach and deepen its connection with the vibrant communities of Delhi NCR. By combining the strengths of both entities, LoanTap is now poised to empower even more individuals and businesses with a comprehensive suite of cutting-edge financial products and services. The acquisition has also opened doors for LoanTap to expand into healthcare finance, further enhancing its offerings to cater to the diverse needs of the region’s underbanked population.

The launch of this office exemplifies LoanTap’s vision to reimagine the lending experience, leveraging cutting-edge technology and a dedicated team of financial experts. This new establishment will further facilitate streamlined operations, personalized services, and efficient support to customers across Delhi, Gurgaon, Noida, and the surrounding areas.

“We are excited to announce the opening of our Delhi NCR office, a significant achievement in our journey to democratize credit and financial flexibility for everyone,” said Mr. Satyam Kumar, CEO & Co-Founder, LoanTap. “The expansion into the vibrant North Indian market represents a golden opportunity for us to engage with a diverse range of clients and cater to their unique financial needs. We are confident that the unparalleled combination of technology and personalized service will continue to distinguish LoanTap as a trailblazer in the fintech industry.”

LoanTap has established itself as a trusted brand known for its quick and hassle-free loan approval process, flexible repayment options, and competitive interest rates. The company’s diverse product portfolio includes Personal Loans, EMI Free Loans, Salary Overdrafts, Rental Deposit Loans, and more – each designed to meet the ever-evolving needs of today’s dynamic population.

As part of its customer-centric approach, LoanTap emphasizes understanding the varying financial requirements of individuals and businesses, enabling them to access credit on their own terms. The company’s proprietary algorithm ensures faster loan processing while maintaining the highest standards of data security and privacy.

The new Delhi NCR office will serve as a hub for LoanTap’s dedicated team of financial advisors, relationship managers, and tech enthusiasts, working collaboratively to bring forth tailored financial solutions that resonate with the local clientele. With this expansion, LoanTap envisions forging long-lasting partnerships with customers, empowering them to realize their dreams, overcome financial hurdles, and achieve their goals with ease.

INDIA 3rd August 2023 – Leading global professional services firm Alvarez & Marsal (A&M) announces the establishment of its first Global Capability Center (GCC), operating from India, to serve engagements spearheaded by the firm’s multiple business lines across six continents. This service expansion reflects A&M’s ability to staff client engagements worldwide with an experienced talent for delivering value while accelerating growth and innovation.

Managing Director Manish Goyal will lead GCC’s business and Managing Director Nikhil Shah, will direct its strategic growth and scaling. A&M’s GCC model accounts for the talent disruption propelled by COVID and is designed to meet ongoing market demand for scalable client teams as opposed to back-office functions.

Bryan Marsal, A&M’s Co-founder and Chief Executive Officer, hailed the strategic initiative, “Our Global Capability Center accelerates our service delivery and advances our commitment to developing innovative solutions for complex problems. Under the guidance of Manish and Nikhil, we can harness a readily available pool of professionals, who can be deployed quickly across borders, functions and industries. Supporting clients with specialized task force teams, as needed, takes our network of boots-on-the-ground professionals and integrated platform to the next level for driving change.”

Prior to joining A&M, Mr. Goyal spent more than 12 years with Bain & Company, where he served as Vice President and Chief Operating Officer for Bain Capability Network. While there, he was responsible for founding and scaling multiple global centers of excellence (GCoEs) across a range of industries, functional capabilities, next-gen technologies, and internal operations. Before that, Mr. Goyal served with the Monitor Group in India and Arthur D. Little in Dubai.

Luis de Lucio, Managing Director and head of Growth Markets, said, “Manish brings a critical understanding of managing GCC operations and talent. He has extensive experience building global centers of excellence. His expertise and approach align our Global Capability Center with A&M’s operational heritage.” Vikram Utamsingh, Managing Director and India Country Leader added, “India has long been a leader of GCC initiatives. The firm’s integrated platform uniquely positions our GCC talent base to help clients navigate challenges and achieve their goals. The GCC talent at A&M will have opportunities to work alongside our clients within the global network.

Mr. Goyal, said, “A&M’s unique global platform is the cornerstone of our ability to dovetail the broad-based and varied talents across the firm with engagement teams and client needs. The new Global Capability Center concentrates our multi-domain mix of operating and management professionals, alongside our top-tier consulting and industry expertise, to drive change and add value.

The Academy School (TAS), Pune, conducted several workshops on how to deal with emotions. They taught students how to address students behavioural issues. The workshops were conducted as part of the TAS Cares Initiative all throughout the month.

In interactive sessions from practising patience, to adrenaline-pumping games that test one’s anger, the school counsellors conducted several activities that touched upon students’ various emotions. Activities included labelling their emotional state, patiently waiting in line for their turn, recognising emotions through pictures, and listening to songs of different emotions among others.

Dr Maithili Tambe, CEO, of TAS, who spearheaded the initiative, said, “The idea is to catch the issues from the roots and try to make them realise there is a change in their behaviour and make them understand what is right and wrong. We would also update the guardians on the same and ask them to increase communication with their child.”

Pooja Pathak, the counsellor at TAS, said, “There was a change in students’ behaviour since offline schools began post Covid-19. They were having issues dealing with their emotions. They were getting restless and impatient quicker than usual. As a result, we decided to conduct activities that bring out their emotions and make them understand and manage them.”

Mumbai, India, 3rd August 2023 –Mondelez International’s accelerator program CoLab in collaboration with Huddle has shortlisted five cutting-edge start-ups set to redefine the snacking industry in India. The final cohort comprising of Flyberry, TruVitals, Evolve Snacks, Happy Jars, and Nova Nova represent a diverse group of snacking brands with varied formats, well-being proposition, commercial excellence, and sound omnichannel plans. These start-ups were selected from a pool of 250+ applications spanning across categories like baked snacks, chocolates, confectionary and savoury snacks, from all over India. Through the program, Mondelez and Huddle intend to cultivate the growing entrepreneurial pool in India to drive growth, innovation, and lead the future of snacking in the country.

The 5 shortlisted start-ups will now go through the 12-week curriculum consisting of weekly virtual sessions and in-person interactions with mentors across Mondelez India as well as industry experts. This will be followed by a final showcase event wherein the selected five start-ups will get the opportunity to pitch and raise capital from Huddle and other potential investors. Thus, helping these start-ups embark on the next phase of their growth journey.

The accelerator program is set to bring more than 35 industry leaders from India and abroad as mentors for the shortlisted startups who will delve into relevant business themes like product manufacturing, packaging, designing, corporate governance, logistics, etc. The list of mentors includes leadership from Mondelez India consisting of Nitin Saini, Vice President – Marketing; Varinder Jaswal, Senior Director R&D (chocolate); Sonali Mitra, Director, Strategy; Tejas Mehta, VP, Finance; Sree Patel, Executive Director & Chief Counsel and Desmond D’souza – Senior Director – Sales, amongst others like Vishesh Khurana (Shiprocket), OmPrakash Muppirala (Fountain India), Anand Shankar (Sharp Ventures), Ashwin Bhadri (Equinox), Ankita Balotia (Fireside Ventures), and more., in addition to leadership from Huddle.

Sonali Mitra, Director- Strategy, Mondelez India said, “We’re thrilled to announce the cohort for the first class of the CoLab India Accelerator. Each of these remarkable start-ups epitomize the essence of innovation and hold the potential to reshape the trajectory of the snacking industry in India. The disruptively delicious offerings across each of the chosen five are underpinned by the customer-centric innovation approach, scalable business propositions, and inspiring journey so far by the respective founders. Working with them as part of the CoLab program is going to move the needle on their brands, support our innovation agenda, and ultimately help deliver on consumers’ desire for right snacks, for the right moment, made the right way.”

Sanil Sachar, Founding Partner, Huddle said, “There’s a playbook that has worked for several brands that have become household names, and with CoLab India, our objective as avid backers in building early-stage brands, the endeavor is to assist the selected cohort in learning and growing from this playbook. Our approach has always been driven by a shared learning across categories and with our startups here we aim to get them to cater to a larger audience available across the diverse consumer sets they are targeting. Most importantly, with CoLab India, our goal is to bring together the key stakeholders to ensure this ecosystem builds in a continuous and sustainable manner.

The five shortlisted start-ups include:

• Flyberry: A revolutionary player in the snacking industry, Flyberry redefines the way India snacks by offering nutrient-rich, good-for-you foods with honest ingredients and flavoursome profiles. Flyberry specializes in 100% natural, clean date-based products, and is known for its unique offerings such as natural date syrup and date powder. Embracing advanced technologies and sustainability practices, Flyberry aims to cultivate a new culture of consuming healthy and safe foods.
• TruVitals: Committed to providing healthier alternatives for kids’ snacks, TruVitals crafts nutri-dense bites using scientifically proven ingredients, ensuring unparalleled nutrient density. With a meticulous development process that involves rigorous sampling with children and their mothers, TruVitals creates delicious bites without compromising on nutrition or adding harmful additives.
• Evolve Snacks: A renowned provider of nutritious savoury snacks, Evolve Snacks promotes healthy eating habits by substituting carbohydrates with protein and healthy fat components. Their diverse range of over 60 SKUs includes options such as Multigrain Puffs, Oats Chips, Ragi Chips, Roasted Seeds, Makhane, and Pita Chips, offering customers a wide array of choices. Evolve Snacks also offers convenient subscription plans for their popular products.
• Happy Jars: Happy Jars stands out with its range of healthy nut butters made from natural peanuts. With flavours like crunch and jaggery, Happy Jars Peanut Butters cater to the health-conscious and are a must-have for fitness enthusiasts. The brand continues to experiment with exciting flavors and maintains flexibility in production to meet market demands.
• Nova Nova (formerly Waffle House): Nova Nova started as one of India’s first Quick-Service Restaurant (QSR) outlets specializing in waffles. However, the challenges posed by the Covid-19 pandemic prompted a swift transition to the D2C online space, introducing a unique product line called Waffle Cookies. Nova Nova has rebranded itself to reflect its expansion into multiple product categories beyond waffles, catering to a wider consumer base.”

Launched in February 2023, the program reiterates Mondelez’s commitment to fostering innovation, supporting emerging businesses, and ultimately delivering innovative, wholesome snacking options that cater to evolving consumer preferences.

Bengaluru, 3rd Aug 2023: NR Group, the renowned manufacturer of Cycle Pure Agarbathi, India’s leading agarbatti brand has achieved a remarkable feat by clinching the Top Exports Excellence Award for Agarbathi as a handicrafts exporter for three consecutive years. The prestigious recognition was bestowed upon them at the illustrious Karnataka State Exports Excellence Awards held in Bengaluru, organized by the esteemed VTPC (Visvesvaraya Trade Promotion Centre)

The distinguished Award Ceremony was graced by the honorable presence of Chief Minister Shri. Siddaramaiah, Deputy CM Shri. D. K. Shivakumar, and Large and Medium Industries Minister Shri. M B Patil. These eminent leaders proudly presented the well-deserved accolade to NR Group, honoring their consistent and unparalleled accomplishments by them in the industry.

Mr. Selvakumar, Vice President, Exports, graciously accepted the esteemed honor on behalf of the brand, marking a momentous occasion for Cycle Pure Agarbathi’s exceptional contributions to the world of exports.

Expressing his pleasure over this recognition, Mr. Arjun Ranga, Managing Partner, NR Group, says, “We at NR Group are deeply honored to receive this prestigious recognition for the third time, and I cannot adequately convey the sheer joy and gratitude we feel for this remarkable achievement. Beyond mere hard work, it is the commitment to consistency that has brought us to this pinnacle. This esteemed award serves as a resounding testament to the relentless dedication and diligence poured into crafting our exceptional products.

He adds, “We stand humbled and inspired to continually strive for excellence each day. Our heartfelt appreciation goes out to all the artisans whose belief in us has been instrumental in attaining this award. Their contributions and dedication have made our sector a beacon of promise, brimming with endless possibilities and boundless potential for unprecedented growth”.

Prominent leaders from diverse industries graced the event, where accolades were bestowed across multiple categories. These awards are organized by Visvesvaraya Trade Promotion Centre (VTPC), VTPC is the mandated nodal agency for the promotion of international trade from the State of Karnataka under the aegis of the Department of Industries & Commerce, Govt. of Karnataka. Since its inception in 1965, the Centre has been at the forefront in handholding and facilitating budding exporters to make a mark in the field of international trade. Through a range of Programmes, Schemes, Policies, Incentives and concessions VTPC provides impetus to the Export Units & SEZ’s. It acts as a catalyst in representing the grievances/issues in trade to the right authorities for redressal.

Among its varied functions, VTPC facilitates State level, National, and International trade fairs and exhibitions to its SMEs, artisans, and other stakeholders across the State. Recognizes export excellence through conferring of State Export Excellence Awards. Conducts a plethora of sensitization and incisive training and capacity-building programs across the exports, innovation management, entrepreneurship, international trade, and intellectual property rights landscape, among others.

Bengaluru,3rd August 2023: Bolas Agro Pvt Ltd, a prominent Indian manufacturer specializing in Dry fruits and Nuts category has achieved a remarkable milestone by securing the prestigious State Exports Excellence Award 2021 for Udupi District. This esteemed accolade was presented to the company on the 22nd July at a grand ceremony held in Vidhana Soudha, Bengaluru, organized by the Karnataka State Export Excellence awards Committee. The Award Ceremony was graced by the honorable presence of Chief Minister Siddaramaiah, and Deputy CM D. K. Shivakumar.

This recognition highlights Bolas Agro’s exceptional contribution to the export industry and underscores their position as a leading brand in the sector. During this momentous occasion, Mr. Rajat Kamath Bola and Mrs. Anjani Kamath gracefully accepted the prestigious honor, recognizing the exceptional contributions of Bolas Agro to the realm of exports.

Expressing his pleasure over this recognition, Mr. Bola Rajat, Director, Bolas Agro Pvt Ltd, says, “We, at Bolas, are immensely grateful and humbled to receive this prestigious recognition once again. Each time we receive this remarkable award, it reaffirms our passion and dedication to our craft. Our unending commitment to excellence has been the cornerstone of our success, propelling us to new heights. We vow to continue our pursuit of excellence, upholding the highest standards in the industry and delivering the finest quality products worldwide. This recognition fuels our passion to explore new horizons, innovate, and contribute further to the world of exports. We express our heartfelt gratitude to everyone who has been a part of our journey”.

The event was a grand affair, graced by the presence of distinguished leaders from various industries, all gathered together with a shared purpose – to celebrate and acknowledge outstanding achievements across multiple categories. It was a true gathering of minds and talents, where the best and brightest minds came together to recognize the exemplary efforts and accomplishments of individuals and organizations. The atmosphere was filled with a sense of camaraderie and admiration as these exceptional achievers were honored for their contributions and innovations in their respective fields. The event served as a platform to inspire others and set new benchmarks for excellence, fostering a spirit of collaboration and growth among the attendees.