Archives October 2023

Bengaluru, 18th October 2023 TOYOTA will be exhibiting at the JAPAN MOBILITY SHOW 2023, to be held from Thursday, October 26 to Sunday, November 5*1, with a booth-themed

“Let’s Change the Future of Cars―Find Your Future.”

In this second announcement of models to be exhibited at the booth, Toyota unveils the

KAYOIBAKO, a concept model that embodies a mobility future with the freedom to lead the life you want, anywhere, anytime. Toyota’s booth will showcase how the KAYOIBAKO can cater to customer needs, from business to pleasure.

KAYOIBAKO

Main features

•  The word kayoibako refers to configurable shipping containers for safely and efficiently transporting parts and products between facilities, sized to eliminate waste and able to meet diverse needs with changeable inserts. Adopting this approach, the KAYOIBAKO is a new compact space concept that represents the future of mobility.
•  Toyota sought to create a “quality base unit” of mobility through a commitment to interior/exterior packaging and affordability. With an “ultra-expandable” design that allows tailoring to suit different roles, this battery electric vehicle (BEV) can support a diverse range of applications.

· As a BEV with both hardware and software customizable to specific roles,

the KAYOIBAKO will function as part of smart grids and other intelligent social systems.

· For business applications, the KAYOIBAKO will offer solutions to various issues as part of the social infrastructure. In last-mile logistics, for example, the vehicle can contribute to smart distribution systems by allowing customization for efficient low-volume transportation. The KAYOIBAKO can also be customized to meet the needs of local communities, such as by installing product display shelves to create a mobile shop or additional seating to serve as a shuttle bus.
· For private use, the vehicle can be customized according to individual tastes and preferences, evolving into a one-of-a-kind mobility. As well as catering to diverse personal uses and lifestyles, the KAYOIBAKO will also contribute to providing “Mobility for All” by, for example, enabling designs that offer easier access for wheelchair users.

Main specifications

*1 Held at Tokyo Big Sight (Koto-ku, Tokyo)

October 25-26: press, October 26-27: special invitation, etc., October 28-November 5: general public

*2 Driver’s side: 2,141 mm

Shemaroo MarathiBana is set to introduce a unique show titled ‘Sau. Pratap Manasi Supekar’ which will be airing on the channel from 30th October at 9 pm. The promo of the show features Pradeep Ghule and Tanvee Kiran getting married in the traffic police uniform. The distinctive title of the show has already piqued the curiosity of viewers.

From the promo, the plot of this upcoming show looks as interesting as its name. In a world where relationships often weather the storm of societal norms and judgment, the bond between Pratap and Manasi serves as a ray of hope. Pratap, portrayed by the talented Pradeep Ghule, holds immense respect for his wife, Manasi, brought to life by the captivating Tanvee Kiran. He proudly recognizes Manasi as the guiding force in their relationship.

Love, as they say, is about standing together when the world conspires to tear you apart, and ‘Sau. Pratap Manasi Supekar beautifully encapsulates this sentiment. As they navigate life’s journey together, their story is bound to tug at your heartstrings, proving that unconditional love and respect can overcome any obstacle and conquer every challenge.

The show is created by the renowned name in the Marathi industry, Viren Pradhan and produced under the banner of Piccolo films.

Stay tuned to find out the story behind this intriguing title and witness the remarkable journey of Pratap and Manasi, gracing your screens from 30th October at 9pm only on Shemaroo MarathiBana.

Bengaluru18th October 2023 Tata Motors, India’s leading automotive manufacturer, today announced the launch of the new avatars of its iconic, flagship SUV Safari and its trendsetting, premium SUV Harrier. With significant design changes and addition of several futuristic technologies, both the new Safari and Harrier substantially enhance the overall experience to set new standards for the industry. Certified with the prestigious GNCAP 5-star rating, the new Safari and Harrier come with the unique distinction of securing the highest score by an Indian car for adult occupant protection (33.05/34) and child occupant protection (45.00/49), making them the safest vehicles to run on Indian roads.

Built on the OMEGARC architecture, derived from Land Rover’s renowned D8 Platform, these powerful and stylish SUVs are available from an introductory starting price of ₹ 16.19 Lakh (for the new Safari) and ₹ 15.49 Lakh (for the new Harrier). They are being offered in four distinct personas, portraying the discerning preference and multifaceted lifestyle of today’s SUV customers.

Highlights of the new Safari and Harrier

• 7 airbags with 6 as standard across personas
•  31.24 cm Harman Touchscreen Infotainment system
•  26.03 cm configurable Instrument Cluster with Navigation Display
•  10 speaker JBL music system with Advanced Harman AudioworX with 13 bespoke acoustic modes (first in the world)
•  ADAS with 12 Features
•  Gesture Controlled Power Tailgate (first in segment)
•  Voice support with 250+ commands in 6 languages with 4 independent voice assistants (first in segment)
•  Ventilated first and second-row seats

Launching the new Safari and the new Harrier, Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “The new Safari and Harrier herald a new era in safety, excellence, and experience. Their modern design, exceptional build, imposing stance, smart technologies and ahead of segment features have raised the industry benchmarks for style, drivability and being best-in-class. Each SUV is now an extension of its owner’s persona and a perfect unison of design, technology and performance. With their 5-star GNCAP rating and highest scores by an Indian vehicle to date, our SUVs are the safest spaces on Indian roads.”

“The Harrier since its launch in 2019 is a proud trendsetter and the new Harrier takes this attribute several notches higher. A perfect blend of design, technology and strength, it mirrors the warrior lifestyle of discerning young achievers. With its unique sportiness, dominant character, digital cockpit and contemporary interiors, the new Harrier is a true masterpiece enriching its classy pedigree.” – Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

“Since introducing India to the SUV revolution in 1998, the Safari, our flagship SUV, has built an iconic legacy of always leading from the front. Safari is now more than an SUV, it’s a lifestyle. We have therefore made the new Safari more safe, smart, assertive, plush and technologically advanced. It’s time to ‘Reclaim Your Life’ with the new Safari.” – Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

New Delhi,18th October 2023 | Extending their portfolio of high-profile events, Entrepreneurs Organization (Gurgaon Chapter), conducted, the cricket meets entrepreneurship-themed event titled, “Relive the 2011 World Cup Glory”. Members of EO Gurgaon witnessed an anecdotal retelling of the events of the 2011 ICC Men’s World Cup, from the winning team’s men themselves – Virender Sehwag, Yuvraj Singh, and Harbhajan Singh. These key architects of India’s 2011 victory were warmly welcomed by the EO Gurgaon.

The event opened with an opening keynote by Aditya Tulsan, Learning Co-Chair of EO Gurgaon. He addressed the full house, with personal anecdotes of his match day superstitions and rituals, while extending gratitude to the event’s sponsors – Motilal Oswal and Ideal Insurance.

Next, Mr. Vipul Jain, President of EO Gurgaon, addressed how this event was unlike any other EO event, as the agenda went beyond addressing entrepreneurs, growth, and economy, and leaned into the passionate energy of the 2023 ICC Men’s World Cup, that has resurfaced cricket fervor, across demographics in that nation. The talk moderator – Riddhima Pathak, a renowned sports presenter – soon welcomed the Veterans taking the stage.

Virender Sehwag, the swashbuckling batter, is known for his psychologically dismantling game and untamed precision. Yet he credited his bat for scoring four 4’s against Pakistan, sharing how his drive stemmed from an off-handed comment he overheard.

Commenting on World Cup preparations, the triple-centurial batter explained how they had to start since 2008, to feel completely ready by 2011. For this, they played all series and test cricket as knockout matches, while helping each other to overcome personal challenges.

On being asked if he felt any pressure to convert his 90 runs to a century, Virender Sehwag shared how he approached the opportunity statistically. He said if he scored one run in each ball then there were 10 chances for him to lose his wicket. Instead, he tried to close the gap with the statistically fit option of scoring a century in the next two balls with a 4 and a 6.

Among jokes and other crowd-pulling anecdotes, Sehwag also took the time to appreciate Yuvraaj Singh’s contribution to the 2011 World Cup, saying, that without ‘Yuvi’, India would not have made it to the Semi-Finals.

In the span of a decade, Yuvraj Singh’s narrative traversed a spectrum of profound emotions—from the euphoric pinnacle of his World Cup triumph to the grueling depths of his diagnosis. Sharing profound dressing room interactions, Singh mentioned he felt such gratitude playing next to Sachin Tendulkar in the 2011 World Cup, that he soon started to emulate Sachin’s left pad first routine.

Commenting on the obscure nature of preparations, Yuvraj Singh, said how everyone treats your life as a spectator sport, which can dismantle any inexperienced person. He shared that this is why he tried to keep his mindset unscathed, even after bad performances.

Yuvraaj Singh was also asked about his journey with cancer and what gave him strength during that difficult time. Answer this, he shared how he had begun to experience pressing symptoms during the World Cup preparations, but he was undiagnosed then. The World Cup demanded full attention and grit, so he persevered.

Post diagnosis, he leaned into the support of his loved ones and started his foundation – YuviCan, to help underprivileged kids access medical care for their debilitating health conditions. Yuvraj Singh also urged the EO Members in the audience to contribute and support to his foundation.

Reflecting on his illustrious career, Harbhajan Singh reminisced about the intensity of India-Pakistan matches, highlighting the Mohali match where he took 2 crucial wickets. He revealed that the pressure to perform in homeland matches was unparalleled, emphasizing that the pressure for tickets sometimes exceeded the pressure to take wickets on the pitch.

When questioned about his pre-match superstitions, Harbhajan candidly shared his experiences, stating that he had experimented with different rituals, ultimately leaving the outcome to a higher power. Addressing a difficult loss against South Africa, Singh revealed that it was a topic that nobody wished to discuss immediately after the match. He emphasized the resilience required to bounce back after such defeats, a sentiment echoed by many professional athletes.

In response to a business-related query, Singh drew parallels between the challenges faced in personal and professional life. He stated that cricketers, like entrepreneurs, experience the cyclical nature of success and failure. He jokingly mentioned how business orders can be realized again soon, but the chance at a world cup comes only once in 4 years.

Commenting on the resounding success of the event, Mr. Vipul Jain, President of EO Gurgaon, said, “We wanted to congregate all our members to lean into the cricket fever in the air. , It is an atypical EO event, where the binding theme was essentially – fun and reliving the 2011 Victory, and we wanted to call the champions themselves to give us that inside edge. Whenever there is a story, there is a learning, and this is how this event was aligned to our theme of “Learn. Act. Inspire.” It’s not just a physical sport. The mental dexterity that goes behind their game is parallel with an entrepreneur’s journey. We must train ourselves, and be mentally prepared for failures, let downs. Yuvraj’s story of winning the World Cup, getting diagnosed immediately after, and then returning to field is as motivating as it is shocking. As entrepreneurs, we get to the pinnacle of success, we fail, we stand up again. So, it is always great to learn from such sources.”

The event was drawn to a conclusion by felicitating Virender Sehwag, Harbhajan Singh, and Yuvraj Singh. with paintings done by Autistic Children, along with a donation made in the Cricketer’s names. The EO members were photographed with the cricket legends, marking the successful culmination of the one-of-a-kind event, that was aligned to the annual theme of – “Learn. Act. Inspire.”

Cairo, Egypt 18th October 2023 — ManageEngine, the enterprise IT management division of Zoho Corporation, today announced the addition of the next-generation antivirus (NGAV) capability in its unified endpoint management (UEM) solution, Endpoint Central, positioning it as an endpoint protection platform (EPP).

In today’s cyber environment, an NGAV is crucial to address the loopholes left undetected by traditional antivirus solutions. Endpoint Central’s NGAV leverages a deep learning model implemented with neural networks in combination with behavioral detection to detect both known and unknown threats, including those with previously unseen attack patterns. It offers edge-AI-based, real-time protection and offline capabilities by carrying out monitoring, analyses, and remediation workflows locally on the device.

“Endpoints have been one of the most utilised threat vectors by cybercriminals for quite some time now,” said Mathivanan Venkatachalam, vice president of ManageEngine. “Over the last decade, we have been consistently adding endpoint security capabilities like vulnerability assessment and remediation, browser security, endpoint privilege management, data leakage prevention and anti-ransomware, helping organizations minimize the attack surface. With the release of the NGAV capability, we are adding AI-based malware protection to Endpoint Central, rounding it off as an EPP, thereby providing customers with a holistic cyberdefence approach.”

Benefits of Endpoint Central’s NGAV

Endpoint Central uses a single, lightweight agent for its wide range of high-stakes capabilities like device life cycle management, remote troubleshooting, user experience management, and endpoint security.

Apart from reducing organizations’ IT footprints, this unified approach offers:

• A wide scope for remediation policies: Security teams can apply necessary patches, quarantine affected devices from the internet and intranet, force login credential resets, revert devices to their IT-approved baseline versions, and remove vulnerable applications.
• Seamless incident investigation: Built-in remote troubleshooting and system management capabilities offer instant and thorough incident investigation of quarantined devices.
• Feedback loops for bolstering the security posture: Security policies can be continuously updated based on threats detected by the NGAV engine, constantly enhancing the cybersecurity posture.

ManageEngine has been in the IT management market for over 20 years and has built a strong foundation of IT management and security capabilities from the ground up. The NGAV addition to Endpoint Central is a move to strengthen endpoint security within the company’s comprehensive portfolio of cybersecurity solutions.

“We aim to offer an AI-powered, unified, end-to-end platform for the digital enterprise in which cyber resilience is of paramount importance,” added Venkatachalam. “The platform will enable customers to devise and implement a comprehensive security strategy by building workflows across multiple ManageEngine security offerings, automating threat detection, threat responses and incident investigation.”

India,18th October 2023 : QueueBuster, a leading Android-based POS billing and inventory solution, has entered into a strategic partnership with TVS Electronics Limited, an industry-leading pioneer in the market offering Point of Transaction hardware and Track and Trace devices serving retail, shipping and logistics industries. With this partnership, TVS Electronics will be the authorized reseller of QueueBuster POS software.

With the help of QueueBuster’s cutting-edge POS solution, TVS Electronics aims to empower thousands of Indian Retailers and MSMEs to thrive, adapt, and deliver exceptional customer experiences through innovative retail technology. TVS Electronics will distribute its state-of-the-art Retail POS hardware with pre-installed advanced POS software from QueueBuster through its vast network of 6000+ resellers and 170 master distributors across India.

Having experienced a remarkable 3X merchant base growth over the past 2 years, QueueBuster is confident about achieving further incremental growth with this collaboration. The Android-based platform ensures user-friendliness and offers Billing, Inventory, Khata, eStore, CRM and loyalty in a single super App. Notably, QueueBuster’s commitment to enhancing the in-store customer experience, marked by swift billing (Quick Bill) processes, adds to the quiver that will help the merchants of TVS Electronics to maintain their competitive edge in the sector with its innovative POS Billing solutions.

Varun Tangri, CEO of QueueBuster, said, “We are thrilled to announce our strategic partnership with TVS Electronics Limited. With their extensive merchant network and unparalleled expertise in Point of Transaction hardware, we couldn’t have asked for a more fitting partner to fuel our channel expansion efforts, reaching a broader spectrum of SMBs and enterprise customers.

This exciting collaboration promises to bring forth innovative solutions, unparalleled value, and a seamless retail tech experience for our clients. Together, we’re poised to impact the market significantly.” Mr. Tangri further added

Balaji. C, Vice President – Sales & Operations, Products and Solutions Group (PSG) of TVS Electronics Limited says, “We are delighted to collaborate with QueueBuster, a leading retail POS solution company. At TVS Electronics, we strive to offer our key customer segments a single-point solution that meets their diverse needs across the hardware and after-sales service spectrum. This collaboration with QueueBuster will enable us to do that and more. By leveraging TVS Electronics’ hardware expertise and QueueBuster’s software capabilities, we are proud to offer Comprehensive Retail Solutions. It’s a perfect synergy of hardware excellence and software strength, designed to elevate the retail experience to new heights”

TVS Electronics Ltd. offers an extensive product portfolio that includes Thermal receipt printers, POS systems, mobile printers, ECRs, Cash counters and computing devices, Mobile & Handheld Barcode scanners and label printers) devices across diverse segments. Aligning seamlessly with QueueBuster’s software expertise. The association symbolizes their joint commitment to exploring new avenues, expanding market presence, capitalizing on global business opportunities within the ever-evolving POS industry, and expanding the MSMEs merchant base.

Kolkata, 18th October 2023: The members of Youth Association of Mohammad Ali Park Durga Puja have taken up the challenge to discover the theme “Kedarnath Temple” which was inaugurated today virtually by Smt. MAMATA BANERJEE, Chief Minister of West Bengal and was attended by: Sri. Sudip Bandyopadhyay, Member of Parliament; Sri. Vivek Gupta, MLA; Smt. Rehana Khatun, Councillor & Borough Chairman; Smt. Ayesha Kaniz, Councillor; Sri. Rajesh Sinha, Councillor; Sri. Manoj Poddar, Chairman of Youth Association of Mohammad Ali Park & many other eminent personalities. The most popular Durga Puja of Central Kolkata is considered to be one of the oldest and renowned venues for Durga Puja in the city. They will be completing 55th years of Durga Puja celebrations this year. The most popular Durga Puja of Central Kolkata is considered to be one of the oldest and renowned venues for Durga Puja in the city. They will be completing 55th years of Durga Puja celebrations this year.

His devotees are always eager to have darshan of Baba Kedarnath. Only a few lucky people are able to reach Baba’s door, but the good news for the people of Kolkata is that Baba Kedarnath is coming to their city for darshan. Kedarnath temple is one of the sacred pilgrimage centre in Northern India, located on the bank of Mandakini river at an altitude of 3584 meters above sea level. Kedarnath temple is a part of Char Dhams and Panch Kedar in Uttarakhand and one of the 12 Jyotirlingas of Lord Shiva in India.

Speaking to the media, Mr. Surendra Kr. Sharma, General Secretary of Youth Association of Mohammad Ali Park Durga Puja said, “We came with the idea of constructing the replica of Kedarnath temple because of the fact that many of us have not visited Kedarnath and through this pandal they can have glimpse of the holy shrine and they can feel that they are doing Darshan of one of the twelve jyotirlinga of Shiva. The outer look of the pandal is exactly how the Kedarnath temple looks. This year, ‘Shiva is Shakti’ has been shown in the form of Mother’s idol. This idol of Mother Goddess is being made by the famous craftsman Kush Bera of Midnapur. According to the theme, the lighting is from Chandannagar.”

Kolkata, 18th October 2023: The Government of West Bengal is organizing the 7th edition of the Bengal Global Business Summit (BGBS) which is scheduled on November 21 – 22, 2023 in Kolkata. As a prelude to the Summit, a roadshow was organized to deliberate on the trade and investment opportunities in the State of West Bengal and further strengthen bilateral relations and cooperation.

The Government of West Bengal in association with ICC organized an Interactive Session with Business Stakeholders, on October 17, 2023, in Chennai. Major business stakeholders of West Bengal, 200+ Industry participants from Chennai along with the state government delegation attended the roadshow.

Shri. Shivkumar Eashwaran, Co-Chairman, of ICC Tamil Nadu State Council and chairman of Canadian Crystalline Group spoke on quality business infrastructure in West Bengal for potential investors, which included single window facilitation for around 85 services, good multimodal connectivity, progressive land and labour reforms, skilled manpower and abundance of mineral and natural resources. He said that Bengal has over 200+ industrial parks, the largest warehouse capacity in the country, and large container and bulk handling port facilities among other things.

Dr. Amit Mitra, Principal Chief Advisor to the Hon’ble Chief Minister and Finance Department, Government of West Bengal (holding the rank of a cabinet minister) delivered the keynote address and interacted with the Senior Officials from the Business Stakeholders. Dr. Mitra mentioned WB being the 4th largest economy(on the basis of Net Value Added as per RBI)in India with close to 17.50 lac crore GDP. He also mentioned that there is a huge market potential with over 93 million people as well as a large number in its northeastern neighborhood. Dr. Mitra stressed on the game changers in Bengal including in the fields of mining(upcoming Deocha Pachami coal blocks, natural gas and oil explorations ), IT & ITes (new data centers & cable landing station at Digha), logistics hubs ( Flipkart & Amazon) , Strategic location of the state as well as the infrastructure and human capital of the state. The state follows a path of fiscal prudence and out of 18 large states in India; Bengal is the number one in the debt-to-GDP ratio. He shared some corporate success stories of West Bengal, mentioning that leading IT major, TCS is employing over 55000 people in the state. Fujisoft from Japan is working with MSMEs for technology upgration and has so far adopted 20 MSME clusters. The Bantala leather cluster itself employs 2.5 lakh people. The state also houses the world’s largest effluent treatment plants. He mentioned that Kolkata is the production hub for metro coaches. West Bengal is looking forward to collaborating with Chennai in areas like textile, food processing, IT. The state also has high potential in fisheries, already earning 400 million dollars in shrimp export. The state has 19 food processing plants by ITC.

Shri. Onkar Singh Meena, IAS, Principal Secretary, Department of Agriculture, Govt. of West Bengal spoke on the scope for collaboration in the marine sector between West Bengal and Tamil Nadu. The other focus sectors are Agri, Agri marketing, Animal Resources, Food processing and horticulture.

Dr. Saumitra Mohan, IAS, Secretary, Department of Transport, Govt. of West Bengal, spoke on the scope of investible opportunities in e mobility, surface transport, port and coastal shipping, Inland water transport and air transport.

Shri Y Ratnakara Rao, IAS, Secretary, Department of Health & Family Welfare, mentioned the focus sectors in state healthcare as Medical device manufacturing, Pharma warehousing and logistics, Yoga and Naturopathy, superspeciality care, Med-tech and startups among others.

Shri. Harish, IFS, Executive Director, West Bengal Industrial Development Corporation Limited (WBIDC) said that apart from having the 3rd largest road network, Bengal has a policy on new industrial and economic corridors. The state also has sector-specific polices like Tea tourism to foster balanced growth.

Shri. Nishant Mittal, Director, of PCM Group said Bengal’s comparative advantage lay in sectors like AI, cybersecurity, E-commerce and Tourism. The global conglomerate has its headquarters in Siliguri in West Bengal and is considering setting up of hotels in the state which would create around 2,000 direct employees.

Shri Dilip Dugar, CEO, of Radio Misty and co-chair of ICC National Expert Committee on MSME said West Bengal displays an exemplary business environment with no man-days being lost in the last decade due to bandhs. The state is remarkably well connected with the rest of the country and the world – having the 3rd largest road coverage, 2nd largest metro network, and also the only underwater metro network in the country. The state has upcoming tourism projects in places like Gajoldoba, Darjeeling, and Terai, aided by the newly rolled-out Tea tourism policy. Along with tea, new cash crop plantations are coming up in areas in North Bengal. In MSME, one of the state’s age-old comparative advantages lies in handloom and handicrafts.

Shri Ramesh Juneja, MD, J.C. International, said that Bengal can become a leading leather hub in the country with an ample supply of skilled labor, enabling policy, water supply, and state-of-the-art technology. The state exports 50% in leather goods in the country and has the largest leather complex in Asia with quality common effluent treatment facilities. A new 62-acre leather footwear park is coming up in the state.

Shri Rupak Barua, Director & Group CEO, AMRI Hospitals Ltd said that medical tourism from the BIMSTEC countries is a major opportunity for West Bengal. Since only 3% of the hospitals are 100 bedded it creates challenges for offering quality health care. There also exists a huge rural-urban gap with regard to access to quality medical care.

Dr. Rajeev Singh, Director General at the Indian Chamber of Commerce elaborated on the scope of business opportunities in the state.

Bengal Global Business Summit 2023 envisions bringing together corporate leaders, business delegations, and entrepreneurs from around the globe with the purpose of making strategic and business alliances as well as to deliberate on the industrial ecosystem and business-friendly initiatives of the State. The 7th edition of the Summit scheduled on 21st -22nd November 2023 at Kolkata will have Plenary Sessions, Parallel Global Conferences, Sectoral Sessions, Country Sessions, B2Bs and B2Gs meeting to expand the network and meeting potential partners. The 2-day Summit will be an excellent opportunity to promote closer engagement and explore the possibilities of mutual collaboration.

Mumbai/Shillong, 18th October 2023: On this pivotal day, the Government of Meghalaya embarks on a transformative journey towards socio-economic progress and environmental stewardship through its Integrated Programme. This holistic initiative encompasses the distribution of CM ELEVATE Cheques, a testament to the state’s commitment to entrepreneurship and economic growth. The presence of Hon’ble Chief Minister Shri Conrad K. Sangma, who graces the event as Chief Guest at the District Library Auditorium in Mynthong, Jowai, West Jaintia Hills, along with the esteemed presence of individuals such as Smt. Santa Mary Shylla, MLA, Sutnga Saipung, Shri Wailadmiki Shylla, MLA, Jowai, Shri Lahkmen Rymbui, MLA, Amlarem and Jaintia Hills Autonomous District Council (JHADC) Chief Executive Member (CEM) Thombor Shiwat which added a touch of prestige to this significant endeavour. The event symbolizes Meghalaya’s vision for an integrated future that harmonizes economic prosperity with youth empowerment, community solidarity, and environmental sustainability.

Hon’ble Chief Minister of Meghalaya Shri Conrad K. Sangma said, “I have always maintained that development is incomplete if every citizen and every community in society and part of our state does not move forward with us together, then the development is incomplete. CM-Elevate is a program for entrepreneurship. In the last five years, we have supported 3000 entrepreneurs in different ways. We have a huge workforce. We have projects for communities, for self-help groups, for sports groups and for anybody who wishes to be an entrepreneur. The Cinema Hall scheme is meant to ensure that every district should have one cinema hall, government should not run cinema halls, government must run government not cinema halls, private sector will run cinema halls and government will support. We should have a very good state-of-the-art convention center in every district headquarter.”

Economic empowerment of women is important, the self-help group movement is one of the most powerful ways to economically empower our women.”

On the YESS Meghalaya program, he said, “The government will give support upto Rs 1 lakh to do your activity. Out of the 1155 youths we supported in the first tranche and the first group in the state, Jaintia hills alone has 389 groups got the benefit which means in the whole state Jaintia Hills got the highest support from YESS Meghalaya. Almost Rs 1 crore plus was distributed among these groups.”

Turning to Green Meghalaya program, the Chief Minister said, “Any community, any group, any individual who wishes to protect his or her or their forest cover, Meghalaya government will pay you Rs 15, 000 per hectare to not disturb the forests. We have 40,000 hectares under Protected Areas under the PES program and government has given upto Rs 40 crores as cheque and cash to communities to protect this every year.”

At the program, a total of Total 37 cheques were distributed, Yess- 17, Self-Help Groups (SHGs) -10 and Green Meghalaya-10 while the amount disbursed is Rs 4,90,000 for YESS program, Rs 66,00,000- SHGs, 54,09,058- PES.

Mumbai,18th October 2023: Tata Elxsi (BSE: 500408 | NSE: TATAELXSI), amongst the world’s leading providers of design-led technology services, announced its second quarter results for the period ending 30th September 2023.

Highlights of the Quarter Ended September 30, 2023:

•  Revenues from operations at Rs. 881.7 Cr, + 3.7% QoQ, + 15.5% YoY
•  Operating revenue growth +3.4% QoQ and +10.1% YoY on a constant currency basis
•  Operating Margin at 29.9%; Net Margin (PBT) at 28.9%
•  Profit Before Tax (PBT) at Rs. 263.9 Cr, +6.3% QoQ, +20.4% YoY
•  Profit After Tax (PAT) at Rs. 200.0 Cr, +5.9% QoQ, +14.8% YoY
•  Earning Per Share (EPS) at Rs. 32.12, +5.9% QoQ, +14.8% YoY
• For the quarter ending 30th September 2023, the company reported Rs. 881.7 Cr of operating revenue, a growth of 15.5% over the same quarter of the previous year (YoY).

Business Highlights:

•  Transportation growth at 7.1% QoQ, 26.1% YoY, aided by large deals and strong traction in Software Defined Vehicle (SDV) engagements.
•  Healthcare growth at 3.6% QoQ, 8.5% YoY, driven by new product engineering, digital health and regulatory services.
•  Media and Communications grew marginally at 0.1% QoQ and 2.8% YoY, aided by platform-led deals and growth in key accounts, amidst widespread industry slowdown.
•  Industrial Design revenue crosses Rs. 100 crores for the first time, growing 35.4% YoY.

Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance in the second quarter of FY24, said:

“We are happy to report a healthy performance in the second quarter with a top-line growth of 3.7% QoQ and 15.5% YoY in a challenging quarter for the industry.Our EBITDA has grown 4.8% QoQ and 16.3% YoY and our EBITDA margin has improved by 31 bps to 29.9%. This underlines our strong focus on delivery and operational excellence, key account management and differentiated offerings.

Our Transportation business, which accounts for 46.2% of the revenue coming from three verticals, witnessed strong growth of 7.1% QoQ and 26.1% YoY. During the quarter, we also won a landmark multi-year large deal for SDV from one of the leading Automotive OEMs.

Our Healthcare & Lifesciences business too registered a healthy growth of 3.6% QoQ and 8.5% YoY. Our strong design capabilities are helping us win multi-year innovation deals with leading device manufacturers.

Our Media & Communication business continues to face a cautious industry environment and grew marginally at 0.1% QoQ and 2.8% YoY. We continue to closely engage with our key customers and are developing new offerings and relevant partnerships that will help them drive efficiencies and create new revenue streams in a challenging business environment.

Our Design-Digital strategy is playing out well and has helped our Industrial Design division to cross Rs. 100 crore revenue mark for the first time in company history. The division grew by 4.1% QoQ and 35.4% on a YoY basis, driven by strong demand for Design-Led engineering services.

We continue to invest in building our talent pipeline with a net add of 585 Elxsians in the quarter. Our employee engagement and talent retention strategies have contributed to attrition further improving to 13.7%.

We are starting our third quarter with confidence in our differentiated Design-Digital capabilities and a strong deal pipeline.”