Mumbai,  November 10, 2023: Transworld Group lit up the homes of over 600 individuals/entrepreneurs from marginalised communities during its Diwali exhibition-cum-Corporate Bazaar at its offices. The sale of sustainable items made in different districts of India was Rs 1.75 lakh.

The annual Diwali exhibition-cum-Corporate Bazaar saw individuals associated with over 10 different not-for-profits (NGOs) and self-help groups set up stalls and sell handcrafted products at Transworld Group’s Chennai, Delhi, and Mumbai offices. The wares were created by specially-abled individuals, lesser-privileged women, and beneficiaries diagnosed with cerebral palsy, autism, and intellectual disabilities, among others. The NGOs that Transworld partnered were Sri Arunodayam Charitable Trust, Sri Dhanvanthri Ashram Trust, Prayatan World, Local Potters, Gulmeher – Shakti Foundation, Blind Relief Association, Ambit India Foundation, Pragati Kendra, Anokha Dhaaga (a Tata Power project), Advitya, Sahayogini Palak Sanstha, National Association of Disabled’s Enterprise and Om Creations Trust.

“Among our other CSR initiatives aimed at creating sustainable livelihoods, this annual Diwali exhibition is a shining example of how brands can contribute towards creating an inclusive community. We are proud of the work our partners did to provide talented individuals a platform to earn a sustainable livelihood with dignity,” said Anisha Ramakrishnan, Director, of Transworld Group.

The exhibition was held across three Transworld Group office locations.

India, 10th November 2023 – CriticalRiver, a leading digital technology consulting firm, today announced that it has been recognized as a notable vendor in Forrester’s latest report, “The Data Quality Solutions Landscape, Q4 2023.”

The Forrester report highlights the increasing emphasis on data accuracy, completeness, and consistency in today’s digital age. It highlights that advanced analytics, AI/ML, cloud adoption, and digital transformation are pivotal strategic initiatives across industries. “Data, in essence, serves as the bedrock for evaluating the outcomes in all these critical priorities,” the report states.

In recognition of its commitment to ensuring data integrity and precision, CriticalRiver was named one of the front-runners for providing data quality solutions in the North American and APAC regions, with a notable focus on high-tech product manufacturing. These solutions cleanse and standardize data, enrich information, remove duplicates, correct errors, and monitor critical metrics, offering flexible deployment options, including on-premises, hosted, and private SaaS.

Acknowledging the recognition, Anji Maram, CEO of CriticalRiver, said, “In today’s complex digital landscape, data quality can make or break an organization’s strategic initiatives. At CriticalRiver, we proudly lead the charge in ensuring that data not only fuels insights but does so with an unwavering commitment to integrity and precision. The recognition by Forrester serves as a powerful testament to the enduring value we deliver to our clients every day.”

Sunil Sharma, Global Head of Data Science and Digital Engineering at CriticalRiver, highlights the significance of data cleansing and standardization in their solutions. These solutions empower organizations to enhance decision-making, operational efficiency, customer interactions, and marketing strategies. The flexibility in deployment options ensures scalability and compliance with data governance standards. Clients can expect substantial cost savings, risk mitigation, and a competitive edge in their markets. Sharma’s statement emphasizes the pivotal role of clean, standardized data in achieving cost-effective, data-driven decisions and overall business success.

Forrester defines data quality solutions as those “ensuring data accuracy, completeness, consistency, reliability, and monitoring for the intended use while adhering to business policies, rules, and constraints.”

Mumbai,10th November 2023: Diwali is here, crackling with hope, fervour, and celebrations! Experience the sights, sounds, tastes, and smells of year-end festivities at the Phoenix Palladium which started on 1 November 2023; gaze at the magnificent decor; and enjoy an unparalleled retail mix combined with world-class dining, entertainment, and leisure attractions for your family. The phenomenal run in Mumbai will capture the long-lasting and multi-faith celebrations of Diwali. The opening festivities at Phoenix Palladium will feature exquisite décor, a new festival luxury collection, an unparalleled Diwali collection and luxury experiences. In terms of sheer visual beauty, the visitors will have a mesmerizing experience because of the spectacular sight of vivid decorations at the mall. This Diwali campaign, to celebrate and spread Joy, Phoenix Palladium has collaborated with Sonu Sood – The celebrity and philanthropist with our exclusive campaign – Shop and Give It Back with Charity Save Life; capture the true essence of Diwali as Phoenix Palladium donates a certain percent of every purchase to the underprivileged.

Best in class and unique in itself, Phoenix Palladium is a retail therapy that flaunts the more prominent names, including acclaimed brands like Gucci, Burberry, Dior, and many more, along with Bridge to Luxury brands like MK, Coach, Ferragamo, Diesel, and others. With over 300 stores and over 500 brands considering shop-in-shops, the mall is focused on growing a loyal audience flow by consistently delighting and engaging Indian shoppers. The major luxury brands spread over Fashion, Luxury Watch collection, apparel, footwear, home decor, home furnishing, jewellery, accessories, and much more will make sure you have a memorable festive season.

With a well-established shopper base in the city, Phoenix Palladium can be completely trusted with all your jewellery purchases; from the stand-alone stores to the big names, the variety of jewellery and products seems endless. Phoenix Palladium, the largest jewellery hub in South Mumbai, has some of the finest jewellery outlets that you can find in India. The iconic shopping destination launches the ‘Carat and Gold Festival’ from November 1st to November 10th. Celebrate this Dhanteras, a festival that marks the commencement of Diwali, the festival of lights, and is a perfect excuse to add more gold to the collection with Phoenix. Find a mélange of jewellery brands under one elegant roof—the East Zone features all the strong contenders of the jewellery market, including Tanishq, Zoya, Kalyan, Malabar, Melora, Orra, and the rest.

Get ready for a festive presentation like no other at the Phoenix Palladium, the city’s leading luxury lifestyle destination. As we approach the festival of Diwali, this luminous installation The Flame of Unity, consisting of 3 tall towering Golden Rotating, prayer wheels( The illuminating towers) like columns, takes on a deeper resonance. Much like the radiant lamps that adorn homes during Diwali, these twirling towers illuminate the artistic path of faith & spirituality.

They symbolize the triumph of light over darkness, inner peace over turmoil, and the eternal quest for wisdom and enlightenment.

As they turn slowly, a soft, ethereal glow emanates from the intricate glowing Indic scripture inscribed upon them, casting an otherworldly light that dances across the surrounding space. The golden mirror mosaic detailing that adorns the pillars surrounding the wheels creates a mesmerizing shimmering effect as if the very essence of spirituality were manifesting in the play of light and reflection.

This installation becomes a beacon of hope and a reminder of the spiritual essence that Diwali celebrates, inviting us to spin the wheels of faith and prayer, and in doing so, discover our inner light.

The Joy & Light Edit is an ode to the Festival of Lights, or Diwali, which has the potency of uniting the entire country because of the appeal and magnificence encircling the festival. This Diwali, bring mystic joy and brightness to a person’s life with The Joy & Light Edit at Phoenix Palladium; your every purchase will change a life. Phoenix Palladium showcases a wealth of designer and luxury merchandise, lifestyle products, and services. The commercial space makes this Diwali special by donating a percentage of your purchase to the underprivileged. Get rid of the old and bring in the new, both socially and spiritually.

Celebrity Sonu Sood said, “Diwali is one of the most auspicious festivals, which is celebrated with great favour and enthusiasm. I am proud to join hands with Phoenix Palladium and Charity Save Life as we embark on a journey to change a life during this time of joy, prosperity, and good luck. The festival of lights, Diwali, is as much about celebrating the life we have as it is about reaching out to the less fortunate and bringing the light of hope into their lives. Initiatives like these motivate people, as they just add more happiness to this festival for them. I am looking forward to my association with Phoenix, as together we make Diwali brighter for the underprivileged through The Joy & Light Edit.”

“At Phoenix Palladium, we recognize Diwali as the festival of virtues and lights; hence, we bring forth a delightful experience for the shoppers that resonates with the initiative. We truly want everyone to have an experience that they can cherish. On this larger-than-life festival, we want to create an atmosphere filled with festivities and joy! Phoenix Palladium has always been a one-stop destination for all shopping needs and this festive season too, we make sure that one gets everything at a single stop from jewellery to clothes to accessories and even a lavish dining experience. ” Ms. Rashmi Sen, CEO of Phoenix Palladium, mentioned.

Also, Phoenix Palladium, a unique combination of retail stores and entertainment venues, is the largest food hub in South Mumbai. The food hub has tons of unconventional flavours and dishes to end your shopping spree on a savoury note. Phoenix Palladium is not just retail therapy; it’s become an exclusive gourmet dining destination for all with an assortment of fast food and fine dining restaurants. Celebrate the festive feasting at its Finest, From traditional Indian cuisines at Ishaara, Punjab Grill, Hitcki, and Dobaraa to your kind of Diwali, your kind of mood, your kind of cuisine. Bayroute, the Pan Asian cuisines at Eight, Foo, PAPAYA. The East Zone at the Phoenix Palladium is the go-to food court of south Mumbai from more than 25+ cuisine options to our very own craft floor with Julius, Eight and Dobaraa and Italian at Caffe Allora. We have a new addition of the all-new Pret a Manger, a British sandwich shop with its first Mall outlet in India, Phoenix Palladium, to our very own beloved Paul café, an authentic European experience with classic cuisine and French delicacies. We have got it all covered for you.

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Mumbai: 10th November 2023: The festive season is here, and Diwali, the festival of lights, is one of the most awaited ones by people across the country. It is a time to bask in the warmth of cherished moments with our loved ones and celebrate the occasion with gifts.

The Body Shop, a Britain-based international ethical beauty brand, is an ideal destination to make your Diwali and your loved ones’ brighter with its extensive gifting range. From vegan body butter to hand creams, perfect for the upcoming winter season, to refreshing shower gels and enchanting fragrances, The Body Shop presents an ideal selection for festive gifting. These gift sets are not only ethically sourced but also leave a social impact through The Body Shop’s Community Fair Trade, helping in employment opportunities and fair wages to the local communities.

So this festive season, ‘Spark A Change’ with The Body Shop’s thoughtfully curated Giting kits! Here are a few of the many gifting choices the brand offers:

• 1. Lather & Slather British Rose Gift Bag

For those in need of a seriously refreshing treat, The Body Shop’s Lather & Slather British Rose Gift Bag will love their beautiful body head-to-toe. The refreshing Shower Gel is enriched with Community Fair Trade aloe vera from Mexico and the Hand Cream is infused with Community Fair Trade Brazil nut oil and marula oil. The gift box contains a 60ml British Rose Shower Gel, a 50ml British Rose Body Butter and a 30ml British Rose Hand Cream.

Price : 1,445 INR

• 2. Lather & Slather Almond Milk Big Gift Case

The Body Shop’s Lather & Slather Almond Milk Big Gift Case makes the perfect present for those who like to indulge dry skin with some creamy and moisturizing TLC. It will cleanse, moisturize and love their unique body from head-to-toe. The gift box contains a 250ml Almond Milk Shower Cream, a 200ml Almond Milk Body Butter, a 250ml Almond Milk Body Scrub, a 30ml Almond Milk Hand Balm, and a Large Ramie Lily.

Price : 5,745 INR

• 3. Lather & Slather Strawberry Duo

For those with normal skin types seeking a revitalizing head-to-toe indulgence, our Lather & Slather Strawberry Duo is the perfect choice. This delightful gift set not only pampers your body but also extends its love and support to our Community Fair Trade partners who played a crucial role in bringing it to life. The gift box contains a 60ml Strawberry Shower Gel and a 50ml Strawberry Body Butter.

Price : 895 INR

• 4. Wonderful & Wild Jasmine Duo

For the floral fragrance aficionado in your life, The Body Shop’s Wonderful & Wild Jasmine Duo is the perfect gift. Unleash a fearless spirit with notes of Indian jasmine, violet leaf, and white iris. Not only does this gift set pamper your body, but it also uplifts our Community Fair Trade partners. By choosing this gift, you’re helping to support indigenous female farmers living on the edge of rainforest reserves in the Yucatan peninsula, where work opportunities are limited. The gift box contains a 250ml Wild Jasmine Shower Gel and a 100ml Wild Jasmine Body Mist.

Price : 2,395 INR

• 5 Pamper Me Please Face Mask Kit

How good would it feel if you could sit with refreshing face masks that will rejuvenate your tired skin? The Body Shop’s Pamper Me Please Face Mask Kit does just that. Containing a Himalayan Charcoal purifying glow mask, a British Rose Fresh Plumping mask, a Chinese Ginseng and Rice Clarifying Polishing mask, and a headband, the face mask kit is priced at INR 2,397. Its products contain CFT Tea Tree Oil from Kenya, organic aloe vera from Mexico, and CFT Sesame oil from Nicaragua.

Price: INR 2397

• 6. Full Ylang Ylang Eau De Parfum

Full Ylang Ylang Eau de Parfum is a spicy, white floral scent in The Body Shop’s new Full Flowers collection. At the heart of this Eau de Parfum is the precious ylang ylang essential oil, extracted from hand-picked ylang ylang flowers on the island of Madagascar. This natural oil represents the plant’s smooth, floral petals in this wonderful new Eau de Parfum. This is blended with fragrant black pepper to represent the spicy aroma of the plant’s branches, and sweet, creamy vanilla to embody the velvety leaves. Made with 90% ingredients of natural origin, this fragrance is also certified by The Vegan Society.

Price: INR 3995

10th November 2023: Brookfield Properties, a leading global developer and operator of high-quality real estate assets, is pleased to announce that 13 of its properties across India in six cities, received five-star ratings in the occupational health and safety audit conducted by the British Safety Council, have now also been recognized by the organization with the prestigious Sword of Honor for the year 2023.

Globally committed to zero serious incidents, the company upholds unwavering safety and health principles across its portfolio. In India, over 100,000 hours are invested annually in safety training, instilling a Safety, Health, and Environment (SH&E) culture for a thriving workforce. Initiatives include industry-leading SH&E programs, ensuring safety for all stakeholders, and integrating ESG principles in its business operations.

Mr. Alok Aggarwal, Managing Director and CEO at Brookfield Properties in India mentioned, “A five-star rating and Sword of Honor from The British Safety Council for 13 assets is a testament to our commitment towards ensuring the safety and well-being of people. This recognition not only inspires us to continuously pursue excellence but also underscores our strategic focus on creating safe, dynamic, and sustainable environments where individuals can thrive.”

Peter McGettrick, Chairman of the British Safety Council, said “On behalf of the board of trustees and staff of the British Safety Council I would like to congratulate Brookfield Properties on achieving the highest standards of its health and safety management. These awards recognize the commitment, dedication, and absolute professionalism undertaken. We are proud to support your organization in its achievement and delighted we can contribute to your ongoing success.”

The British Safety Council’s Occupational Health and Safety audit serves as a global benchmark for organizations to assess their safety management systems and drive ongoing enhancements through contemporary best practices. This ensures a comprehensive assessment and supports organizations in their journey toward excellence in safety management.

The following assets received five-star ratings and Sword of Honor from the British Safety Council:

– Equinox Business Park, Mumbai

– Ecoworld, Bengaluru

– Ecospace, Bengaluru

– Centennial, Bengaluru

– NXT, Bengaluru

– Azure, Bengaluru

– Galleria Mall, Bengaluru

– Millenia Business Park, Chennai

– K1 (Candor Kolkata One High-Tech Structures Private limited) Kolkata

– G1 (Candor Gurgaon One Realty Private Limited), Gurgaon

– N1 (Shantiniketan Properties Private Limited) Noida

– G2 (Candor Kolkata One Hi-tech Structures Private Limited) Gurgaon

– N2 (Seaview Developers Private Limited) Noida

10th November, 2023; MS Dhoni-backed drone manufacturer, Garuda Aerospace today announces the company’s foray into offline retail with the introduction of company-owned outlet stores, kickstarting with its first-ever flagship retail outlet in Chennai, Tamil Nadu. Also supporting this launch is the introduction of Garuda Aerospace’s unique Service on Wheels offering, making way for seamless and convenient after-sales service. Strengthening its position as one of India’s most valuable drone start-ups, Garuda Aerospace aims to introduce at least 400 retail outlets and mobile drone centers in 2024, thus becoming increasingly available and accessible in almost every district across India. A one-stop shop, Garuda Aerospace’s flagship stores will offer high-quality and precision-oriented drones while targeting India’s agricultural economy

Speaking on the development, Founder and CEO, Agnishwar Jayaprakash said, “Our entry into offline sales is a milestone for us at Garuda Aerospace. This investment is a significant step forward for us as a company as it takes us closer to our target buyers. Our flagship stores will help us take our consumers’ experience to a whole never, unmatchable level. As a company, we are committed to not only revolutionising the drone industry but also fostering a culture of technological exploration and innovation across India. We aim to inspire the next generation of innovators and contribute to India’s progress in technology on a global level.”

Garuda Aerospace recently raised INR 25 crore from Venture Catalysts, WeFounderCircle, and others as a part of a bridge round. The funds raised will be utilized to meet the surge in demands for drones including orders secured from Indian Farmers Fertiliser Cooperative Ltd (IFFCO) for 400 drones and pre-bookings of 10,000 drones from dealers across the country. A part of the funds raised will also be utilized for Gaurda Aerospace’s retail expansion plans.

With an ambitious vision and an unwavering commitment to excellence, Garuda Aerospace continues to cement its position as a leading force in the ever-evolving drone industry in India.

Tamso ma Jyotirgamaya meaning Oh God, take me from darkness to light, symbolizes the spiritual “victory of light over darkness, good over evil, and knowledge over ignorance. Enchanting the same mantra, Diwali, the festival of lights or Deep Utsav will be celebrated on 12th November with great pomp and show.

The festival of Diwali falls on the day of Amavasya and we all know that Amavasya means the absence of the moon and the absence of the moon means darkness. Similarly, sometimes very deep darkness comes in a person’s life. Darkness means negativity. However, the question remains how can we bring light in the darkness through small lamps?

Human life is a never-ending process of sometimes happiness and sometimes sorrow. Aashmeen Munjaal has assisted many to get out of this belief through Shukrana. She says, “For the last four years, I have asserted that through gratitude we can continuously increase happiness in our lives. We can attract happiness in our lives by being happy in the happiness of others.”

Diwali is the time to give gifts to each other. Aashmeen emphasizes that if one wants more valuable gifts in his/ her life, then first he/she has to be grateful for all the gifts he/she has received till date. Practicing it with the mentor itself has attracted gifts in their lives that were not possible before today.

Aashmeen Munjaalis a strong believer of how Diwali can be celebrated for 365 days in one’s life if they continuously practice gratitude with full devotion. She gives a lot of importance not only to gratitude but also to service, hence there is a lot of emphasis on service in her education and she keeps organizing such events from time to time so that people can come in groups and serve through the system. She says, “If we want happiness in ourselves then we have to try to bring happiness in the lives of others too, hence we should try to ensure that all the needy people around us have a good Diwali.”

Hanover 10th November 2023: . Continental ended the third quarter of 2023 in line with expectations. The technology company significantly improved the operating result in its Automotive group sector compared with the first half of the year. This was thanks to price adjustments, high cost discipline and stabilized supply chains. Furthermore, it increased its adjusted free cash flow year-on-year as well as compared with the first two quarters of 2023. This was due primarily to a reduction in inventories. The company has adjusted its sales outlook for the Automotive group sector – mainly because of ongoing negative exchange-rate effects – and its outlook for consolidated sales. It has also slightly raised its adjusted EBIT margin outlook for Tires due to the group sector’s good earnings.

“We ended the third quarter in line with our expectations. Our earnings were good in Tires and stable in ContiTech, and we made progress in Automotive, significantly increasing its earnings compared with the first half of the year. We will build on this in the fourth quarter and continue to improve,” said Continental CEO Nikolai Setzer on Wednesday in Hanover, Germany.

In the third quarter of 2023, Continental achieved consolidated sales of €10.2 billion (Q3 2022: €10.4 billion, -1.5 percent). Its adjusted operating result was €637 million (Q3 2022: €595 million, +7.1 percent), corresponding to an adjusted EBIT margin of 6.2 percent (Q3 2022: 5.7 percent).

Net income in the third quarter increased to €299 million (Q3 2022: -€211 million). Adjustedfreecash flow was €466 million (Q3 2022: -€496 million).

“We have also made progress in terms of adjusted free cash flow. But, as in the previous year,we still have significant ground to gain in the fourth quarter. Our focus is on increasing our earnings and further reducing inventories and receivables in order to achieve an adjusted free cash flow of around €0.8 billion to €1.2 billion by the end of the year,” said Continental CFO Katja Garcia Vila (formerly Dürrfeld).

Automotive production around same level as second quarter of 2023

According to preliminary figures, the global production of passenger cars and light commercial vehicles amounted to around 22.3 million units in the third quarter of 2023. This was around the same level as the previous quarter (Q2 2023: 22.2 million units) and around 4 percent higher year-on-year (Q3 2022: 21.5 million units).

Market outlook and forecast for fiscal 2023 adjusted

For 2023, Continental expects production of passenger cars and light commercial vehicles to increase by 5 to 7 percent year-on-year (previously: 3 to 5 percent). For the global tire-replacement business, the technology company expects sales volumes to develop by -2 to 0 percent.

Continental has adjusted its sales outlook for the Automotive group sector, mainly because of ongoing negative exchange-rate effects. Continental now expects sales in the Automotive group sector of around €20.0 billion to €21.0 billion (previously: €20.5 billion to €21.5 billion) and consolidated sales of around €41.0 billion to €43.0 billion (previously: €41.5 billion to €44.5 billion).

Furthermore, the Tires group sector performed well, despite declining European and North American markets in the tire-replacement business.Continental has therefore slightlyraisedits adjusted EBIT margin outlook for this group sector. For Tires, it now expectsan adjusted EBIT margin of around 12.5 to 13.5 percent (previously: 12 to 13 percent).

Key figures for the Continental Group

1 The methodology used in the consolidated financial statements for the recognition of uncertain tax positions has been changed. For more information, see Note 2 (General Information and Accounting Principles) of the notes to the consolidated financial statements in the 2022 annual report. The comparative period has been adjusted accordingly.

2 Before changes in the scope of consolidation.

3 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

4 In the year under review, the presentation of income and expenses in connection with specific warranties, restructuring measures, severance payments, as well as impairment and reversal of impairment losses on intangible assets and property, plant and equipment was changed. They are now assigned to the relevant functional areas. The comparative period has been adjusted accordingly.

5 The assignment of income and expenses from certain business activities within the functional areas has been adjusted. The comparative period has been adjusted accordingly.

6 Capital expenditure on property, plant and equipment, and software.

7 Excluding trainees.

Automotive improves earnings compared with the first and second quarters

In the Automotive group sector, sales increased by 1.8 percent to €5.0 billion (Q3 2022: €4.9 billion). With its sales growing organically by 5.1 percent before exchange-rate effects and changes in the scope of consolidation, and global automotive production rising by around 4 percent, the group sector slightly outperformed the market. Automotive significantly increased its adjusted EBIT margin compared with the first two quarters of the year to 2.8 percent (Q3 2022: 2.5 percent).

The improvement in earnings resulted in particular from the price adjustments made in response to inflation-related additional costs of around €1 billion for 2023 in the Automotive group sector alone. High cost discipline and stabilized supply chains also had a positive impact on earnings.

Automotive and Google Cloud are set to equip cars with artificial intelligence (AI), as announced at the IAA Mobility 2023 in Munich. This will make Continental one of the first automotive suppliers worldwide to integrate Google Cloud applications directly into vehicle computers. Under the partnership, the two companies will contribute their respective expertise in automotive, software, AI and cloud computing. Drivers will thus be able to talk to their vehicles,allowing them to request information about interesting things to see along the route or at their destination, for example.

Continental has also entered into a strategic partnership with the company DeepDrive. As an initial milestone, the two companies are developing a combined unit comprising drive system and brake components that will be mounted directly on a vehicle’s wheel. Continental is contributing brake components for the combined drive and brake unit and, through its expertise in industrialization and volume production, will ensure that this innovation – in combination with the latest brake technology – makes its appearance on the road in the near future.

Tires group sector wins sustainability award

The Tires group sector had another good quarter. Due to declining volumes in the tire-replacement business, sales in Tires were down year-on-year at €3.4 billion (Q3 2022: €3.6 billion,
-5.4 percent). At the same time, Tires was able to improve its earnings position by increasing its adjusted EBIT margin to 13.2 percent (Q3 2022: 11.8 percent). The higher margin resulted primarily from the continued high share of premium tires as well as lower raw material costs.

Continental also won another sustainability award. Its UltraContact NXT – the most sustainable production tire currently on the market – was the winner in the “sustainable development/environment” category at the Swiss Automotive Show in August 2023. Comprising up to 65 percent renewable, recycled and mass balance-certified materials, the new summer tire from Continental combines a particularly high share of sustainable materials with maximum safety and performance. This is also demonstrated by the fact that the tire has been awarded the highest possible rating (“A”) of the EU tire label in terms of rolling resistance, wet braking and exterior noise. The tire has been available to buy since July 2023.

ContiTech opens new TechCenter for hydrogen technologies

The ContiTechgroup sector recorded another stable quarter, posting sales of €1.7 billion (Q3 2022: €1.7 billion, -1.0percent) and an adjusted EBIT margin that was up slightly year-on-year at 6.6 percent (Q3 2022: 6.3 percent). This was thanks to inflation-related price adjustments in particular.

Continental also opened a new TechCenter for hydrogen technologies at its location in Hamburg-Harburg. ContiTech will use this center mainly as a collaborative platform for sharing knowledge internally within the company and externally with universities and other companies, for example. Innovations and the transfer of existing technical solutions to new applications in hydrogen technology will also be promoted.

Furthermore, at the IAA Mobility in Munich in September, ContiTech presented the vehicle interior of the future with its sustainable design concept SPACE D. With a focus on sustainability, design and function, many of SPACE D’s surface solutions combine carbon neutrality and a circular economy with high-quality product performance.

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2022, Continental generated sales of €39.4 billion and currently employs around 200,000 people in 57 countries and markets.

10th November 2023: : Yatharth Hospital and Trauma Care Services Ltd, one of the leading private super specialty hospitals in Delhi NCR, announced its financial results for the quarter ended Sep 30, 2023.

Financial Snapshot

 Key Highlights for Q2 FY2024

•  Operating Revenue is Rs. 1,713 mn, up 34% YoY and 11% QoQ
• Bed occupancy is 57%, compared to 45% in Q2FY23 and 50% in Q1FY24
• ARPOB is Rs. 27,561, up 5% YoY
• EBITDA is Rs. 456 mn, up 36% YoY and 10% QoQ; EBITDA margin expanded by 40 bps YoY to 26.6%
• PAT is Rs. 276 mn, up 70% YoY and 45% QoQ; PAT margin expanded by 345 bps YoY to 16.1%
• Earnings per share stood at Rs. 3.80 during the quarter

Key Highlights for H1 FY2024

•  Operating Revenue is Rs. 3,258 mn, up 36% YoY
• Bed occupancy is 54%, compared to 42% in H1FY23
• ARPOB is Rs. 27,833, up 6% YoY
• EBITDA is Rs. 870 mn, up 47% YoY; EBITDA margin expanded by 192 bps YoY to 26.7%
• PAT is Rs. 466 mn, up 71% YoY; PAT margin expanded by 293 bps YoY to 14.3%
• Earnings per share stood at Rs. 6.42 during this period
• Company turns net debt free; Net Cash as on September 30, 2023 is Rs. 3,109 mn
• RoCE is 25%, while RoE is 19% during this period

Commenting on the performance, Mr. Yatharth Tyagi, Whole Time Director, Yatharth Hospitals said: We are delighted to announce another exceptional quarter of performance. Our revenue has experienced a remarkable 34% year-over-year growth, reaching Rs. 1,713 million, while our Profit After Tax (PAT) has surged by an impressive 70% compared to the same period last year. We are happy to announce that we have turned net debt-free during the quarter. Our ongoing commitment revolves around diversifying our range of medical specialties and introducing new ones across all our hospitals. We are well on track to offer robotic surgeries by the coming quarter and a comprehensive suite of oncology treatments by the fourth quarter of this fiscal year. We are also expanding our organ transplant and growing our medical tourism business, which is projected to drive substantial growth and contribute to an improvement in Average Revenue Per Occupied Bed (ARPOB) in the upcoming quarters.

India — 10th November 2023: ManageEngine, the enterprise IT management division of Zoho Corporation, today announced the launch of Endpoint Central MSP Cloud, which brings the advantages of the cloud’s scalability, flexibility, and efficiency to the remote monitoring and management (RMM) of endpoints for managed service providers (MSPs). The launch also completes the first stage of the company’s vision for a unified platform for MSPs.

MSPs need a holistic solution for remotely monitoring and managing clients’ desktops, servers, laptops and mobile devices from a central location. However, on-premises solutions come with scalability constraints and increased upfront expenses, hampering business growth. Shifting to a cloud solution offers MSPs the flexibility to scale up their resources as needed, ensuring IT costs align with their actual needs.

“This cloud release enables service providers to focus on addressing their clients’ IT challenges and growing their businesses without the worry of operational complexities,” said Mathivanan Venkatachalam, vice president of ManageEngine. “Endpoint Central MSP Cloud delivers RMM capabilities for endpoints, enabling MSPs to automate everyday management and security tasks and allowing them to be available to help clients with their real-time requirements.”

Highlights of Endpoint Central MSP Cloud include:

• Extensive support for devices and operating systems.
• A single agent for a wide range of capabilities across device management, security and compliance.
• Integral remote access and troubleshooting without the need for additional setup or agents.
• Extensive third-party patch automation across varied device types and environments.
• Strong third-party integrations and a vast API ecosystem to promote interoperability with MSPs’ existing technology stacks.

“With Endpoint Central MSP, ManageEngine has enabled us to manage multiple customers and their numerous endpoints with only a small IT team,” said Per Bendixen, senior IT consultant at RelateIT. “And as our company continues to expand, we’re eager to further streamline our operations with Endpoint Central MSP Cloud.”

Staging the Unified Platform

In today’s digital-first business environment, MSPs build their own tech stack consisting of a range of specialized tools from various vendors to effectively manage, maintain and secure their clients’ IT infrastructures, and to optimize and run their own operations. This not only increases the total cost of ownership, but also the complexity, forcing MSPs to juggle between multiple tools and bear with weak integrations.

“We have built a diverse ecosystem of solutions catering to the varied needs of MSPs, including for identity and access management, RMM and professional service automation, and we plan on bringing all of them to the cloud,” said Venkatachalam. “With this release, we are on the brink of delivering a single cloud platform that will enable these solutions to work together seamlessly, eliminating integration headaches and empowering MSPs to maximize their revenues with minimal effort and investment.”

Pricing and Availability

Endpoint Central MSP Cloud is available immediately. Pricing starts at $2 per device, per month. A free, one-year license to manage 250 devices is available at mnge.it/Bkd. The free license offer extends to customers who migrate from the on-premises version of Endpoint Central MSP.