Archives February 2024

Ahmedabad, February 5, 2024: DevX, Gujarat’s largest Managed Office Space provider, today announced that it has raised funding of $ 7 Million with a mix of equity & debt split equally. Family offices such as Urmin family office, Gala family office, Bidiwala family office already on captable participated in the equity round, which showcases testimony to the growth model, alongwith HNIs like Ajay Patel, Mitesh Patel and Soham Mehta; while Debt funding was provided by Banks & NBFCs.

Gujarat’s leader in the Managed office space segment, DevX is a co-working space cum accelerator founded in September 2017 by 3 entrepreneurs. The company was envisioned as a Startup Accelerator focussed on nurturing innovative startups by providing them with all requirements. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DevX are thus structured to build synergies, enabling cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address different requirements across the value chain.

Speaking on the funding, Mr Umesh Uttamchandani, Co-Founder – DevX said, “This funding comes at a time when we are bullish on growth in both the national domestic & global markets. The funds will be deployed for giving further impetus to our national and global expansion goals. For India, this infusion of funds gives us the boost to add more inventory to grow vertically across cities – signing up Assets with more than 2 lakhs sq feet. Putting in place even stronger governance practices; we plan to get listed next year and also build a Proptech solution for design & build offering.  We are proud to be setting standards for the segment to aspire to; with our stated business goal of being the partner of choice for GCCs (Global capability Centres) & ODCs (Offshore Development Centres). Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing.”

Opining on the event, Mr Devansh Majithia, Urmin Family Office said, “We are proud, yet again, to be part of this funding round. DevX’s innovative approach to providing an immersive, value drive experience for its tenants perfectly aligns with our own Investment philosophy. Their track-record of sustained growth and in-depth domain expertise have been core factors in driving our participation in this funding round”.

As a core part of the ecosystem, DevX also provides, round the year, a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc…to address trends and issues. The company is planning further expand and thus consolidate it’s pan-India presence by 2023 end.

Mumbai, 05 February 2024 – ANAROCK, a leading Indian independent real estate consultancy, has announced an investment of ~INR 200 Cr (USD 25 Mn) from 360 ONE Asset Management Limited (earlier known as IIFL Asset Management) (360 ONE Asset), one of India’s largest alternate asset managers and part of the 360 ONE group, a wealth and alternates-focused institution with more than USD 54 Bn assets under management. This investment will enable ANAROCK to enhance its tech infrastructure, accelerate its expansion, and introduce new innovations to bolster its leadership position in the Indian real estate services space.

Commenting on this partnership, Anuj Puri, Chairman – ANAROCK, said, “We are delighted to have 360 ONE Asset as our first equity investor. This investment will go a considerable way in keeping ANAROCK at the forefront of the industry by fueling further innovation and growth. The capital has been earmarked for faster business expansion and fine-tuning our proprietary Proptech platforms, which have proved to be game changers for our real estate marketing capabilities. We will continue to explore new high-growth business opportunities”.

“This is by far the most opportune time to expand our reach and services,” says Puri. “The Indian real estate sector is expected to account for 10-13% of India’s GDP by 2025, from its existing share of 7%. We project strong and sustained growth for the industry over the next decade, with its potential market value surpassing USD 1 Tn by 2030. ANAROCK will lead the market with upgraded AI/ML technologies to accelerate our developer clients’ residential inventory sales.” 

Sameer Nath, Chief Investment Officer and Head of Venture Capital & Private Equity at 360 ONE Asset, said, “We are delighted to be the first equity investor for ANAROCK. In ANAROCK, we observe a top-class management team, premier marketing and advisory capabilities and a clear leader in India’s large and growing real estate services sector. We have also been impressed by the tech infrastructure and innovative platforms being built by the company. We look forward to partnering with Anuj, Rohin and the entire ANAROCK team in the next phase of their exciting growth journey.”

“Our partnership with 360 ONE Asset is the result of months of strategic planning, as we were seeking a partner who shares our commitment and passion for innovation in the real estate consulting and technology space,” said Rohin Shah, Director & Co-Founder – ANAROCK. “This collaboration will significantly leverage our 30 years of experience in the Indian real estate market and accelerate our pursuit of innovative and market-leading real estate solutions for our clients. Our key focus will remain research and technology-driven marketing and sales of real estate across all major sectors acting for developers, investors, and occupiers.”

Founded in 2017 by Anuj Puri, former Chairman and Country Head of one of India’s prominent international real estate consultants, and Rohin Shah – Managing Director of UK-based Marylebone Asset Management, ANAROCK has become the leading independent real estate consultancy in India and the Middle East. ANAROCK provides industry-defining technology-driven solutions.

The partnership with 360 ONE Asset will mirror the economic and financial growth of India across all real estate sectors.

Alandi, Pune, 05th February 2024:The true colours of Indian cultural richness were exhibited as the Geeta Bhakti Amrit Mahotsav commenced with a grand spiritual congregation at the serene and pious surroundings of Alandi, Pune, along the banks of the sacred IndrayaniRiver. The extravaganza, marking the 75th birth anniversary of revered saint Swami ShriGovindDevGirijiMaharaj, is being held during 4-11 February amongst the gracious presence of the country’s leading saints, sages, and intellectuals. Day 1 of this mega event witnessed the participation of devotees in a higher number than expected and was a great success, with around 15,000 devotees from across the country dedicated to preserving the country’s indigenous cultural heritage.

The first day of the majestic celebration of spirituality and culture included ShriDnyaneshwarMauliAbhishek – Varkari Honoring, Yagya Rituals and Kirtans. During the congregation, Swami ShriGovindDevGirijiMaharaj extended his virtuous values with some of the holiest words of wisdom while addressing the attendees of the event.

Spanning across an expansive area of 70,000 square feet, this divine event is fortified by over 150 security cameras and guards, ensuring the safety and well-being of all participants. Additionally, a congregation of six thousand individuals has collectively initiated the Hari path, a spiritual practice that will culminate on the final day of this Mahotsav.

The grand inauguration of the holy festivity was also blessed with rich deliberations and discussions by spiritual gurus like Respected H.B.P. Shri Sandipanji Maharaj Shinde, Respected M.M. Tapomurthy Baba Swami ShriKalyandasjiMaharaj and Respected H.B.P. Shri Bhaskar giriji Maharaj, who actively got involved in havan-puja, kirtan, and ShrimadBhagawat Katha.

“It ushers to me an eternal feeling of immense happiness to witness such a massive gathering of devotees at the Geeta Bhakti Amrit Mahotsav; all gathered together to preserve and promote our indigenous culture. We are aimed to impart religious atmosphere and Vedic education in future generation; integrating cultural values which can assist them in identifying their purpose of life and the true essence of spirituality in this process” noted Pujya Swami Shri Govind Dev Giriji Maharaj.

Hyderabad, February 05, 2024: India MS Day was observed in the city at Hotel Vivanta at Begumpet on Sunday.  A book titled Unbreakable Spirit— Navigating Life with MS was launched to mark the occasion.

It is the first-ever book authored by non-MS professional Ms. Farida Raj, a remedial instructor turned author

The book was formally launched amidst the presence of 500 plus guests by Mr Durga Prasad, former DGP of CRPF and 9th head of the Asaf Jahi Dynasty of Nizams, Raunaq Yar Khan, Mrs Meena Gupta, Founder and Chairperson, Multiple Sclerosis Society of India and Dr Sudhir Kumar, Neurologist from Apollo Hospitals.

The objective of the book the author says is to make it known to the public that with the right diagnosis, timely treatment, care and support many people can lead long, active and healthy lives

It is a book in English written for the benefit of a layman in an easy-to-read and follow format with the sole aim of creating awareness about the disease.  It is priced at Rs 249/- and is available online on Amazon.

Farida Raj’s journey took an unexpected turn when she encountered individuals grappling with Multiple Sclerosis (MS). This encounter fuelled her passion for  shedding light on this lesser-known disease. The book on MS, “UNBREAKABLE SPIRIT: NAVIGATING LIFE WITH MS,” Navigating Life with MS, stands as a testament to understanding the lives of those affected by the condition.

The book invites readers on an insightful journey into the world of living with Multiple Sclerosis.  It delves into the intricacies of MS, from its fundamental aspects to its profound effects on different life stages and relationships. With chapters exploring the Basics of MS, its impact on youth, relationships, parenthood, and the challenges of Confronting fears, this book provides a holistic perspective on the physical, emotional, and psychological dimensions of MS.

Through heartfelt narratives and personal experiences, the author sheds light on the struggles and triumphs faced by those living with MS, as well as the crucial role of caregivers in this journey. As readers turn each page, they will uncover valuable insights, practical advice, and a sense of community that empowers individuals to navigate the challenges of MS. The book not only fosters understanding but also offers guidance on building a supportive and empathetic network that extends beyond the confines of the condition.

“UNBREAKABLE SPIRIT stands as a beacon of hope for individuals with MS, their loved ones, and anyone seeking a deeper comprehension of the human spirit’s resilience in the face of adversity. It is a testament to the power of knowledge, compassion, and unity in overcoming the challenges posed by a complex condition, ultimately illuminating a path towards a richer, more connected life.

Farida, the author, is a woman of many facets.  She has silently done a lot of impactful work for society.

Farida serves as an executive committee member of the Multiple Sclerosis Society of India- Hyderabad chapter (MSSI). This non-profit organisation works for the welfare of people affected by Multiple Sclerosis and is affiliated with MSIF (Multiple Sclerosis International Federation).

Multiple sclerosis (MS) is a chronic neurological disorder that affects the Central Nervous System [CNS]. It is a potentially disabling disease that is creating havoc in the lives of many families, informed Dr. Sudhir participating in a panel discussion that was organised before the launch of the book.  The panel discussion was moderated by Hari Mohan, a first-class cricketer, and former Ranji Cricket Player.

MS—Multiple Sclerosis patients no longer need to be called so, I call MS Patients Most Special patients, said Dr Sudhir Kumar, a renowned Neurologist currently working in Apollo Hospitals said.  Speaking about the book, Dr Sudhir said, this book has so many things which many doctors are not aware of nor any neurological books talk about.  The treatment goes beyond medication.  And those things which go beyond treatment are found in this book he said.

Meena Gupta said MS patients are not covered under Insurance.  So the theme for this year’s MS Day was #InsureMyMS.  She sought support for MS patients in getting disability certificates from the government without much hassle.

A video film was screened to sensitise people about MS at the beginning of the program

Though its prevalence was higher in the West, now there is a rise in these cases in India.  Eight to nine people per one lakh population is estimated to be suffering from MS.  India has a disease burden of roughly 2.5 lakh. The number is estimated to be higher than stated, as not many people are diagnosed due to the lack of awareness. Manish Sisodia’s wife is a well-known case of multiple sclerosis currently. The Telugu states have around 200 MS patients registered with the MS Society of Hyderabad.

 MS is an auto-immune disease. The awareness about this condition is inferior to the public.  What many don’t know is that with the right diagnosis, timely treatment, care and support many people can lead long, active and healthy lives.

Farida Raj, a Mumbaikar relocated to Hyderabad (after marriage with Vijay Mohan Raj, a Ranji Cricketer and contemporary of Kapil Dev) and made Hyderabad her home for the past 41 years.

Farida has done a lot of work in the area of Specific Learning Difficulties (SLDs).  In the past, she authored three insightful books, BREAKING THROUGH, UNDERSTANDING LEARNING DIFFICULTIES and STRUGGLING MINDS, on the subject, aiming to empower both teachers and parents in supporting their children’s learning journeys. She has contributed extensively to the B.Ed Special conducted by IGNOU and RCI.

Noticing a gap in information for women who primarily read Urdu, Farida turned her attention to the reproductive and mental health of women. She penned articles and authored three books in the Urdu language, HAMARI SEHAT KI ZAMIN, ZAVIYE ZINDAGI KE and IZTRAB- e- ZINDAGI, addressing crucial aspects of women’s well-being.

Kolkata, 05th February 2024:  Indian Cancer Society (ICS), the largest anti-cancer NGO in the country, has launched many initiatives in the last 7 decades of its existence, creating awareness and prevention of cancer, mitigating risk factors, encouraging regular screening and early detection, providing financial assistance for treatment, and managing life post -treatment, It also provides data through cancer registry services and published the Indian Journal Cancer. ICS’s mission is to reach 50% of the total adult population in the next 10 years with right information and counselling about cancer and ipso facto its early detection leading to its cure.

 This Day, as part of the World Cancer Day Celebration, ICS announced the national launch of its ground-breaking multilingual mobile application, ‘Rise Against Cancer’ dedicated to empowering individuals and communities in overcoming the scourge of cancer.  Mrs. Usha Thorat, National Managing Trustee, Indian Cancer Society said: ‘Cancer continues to be a global health challenge, affecting millions of lives in India and worldwide. The Delhi branch of ICS took the initiative of harnessing the power of mobile usage to provide a mobile application for providing comprehensive information and guidance to individuals impacted by cancer, and their families. Mrs. Jyotsna Govil, Chairperson, ICS, Delhi Branch, said: “Based on certain insights from the community requirements and need of the hour, ICS has developed this mobile application and believes that Rise against Cancer app will help anyone affected by cancer, enabling them to take control of their health. The app has various sections including an information hub, resource library, events, community and other support groups plus a news and updates section. It is available in 5 languages for 4 cancer types at this stage.” Dr Arunabha Sengupta, Secy ICS Kolkata said, ‘ Medical knowledge about cancer prevention and treatment has reached a stage where most cancers prevalent in our country can be prevented or cured through early detection and treatment but most people cannot take that advantage because of lack of information. This App will help people by supplying relevant formation at their fingertips. That is why ICS Kolkata has made effort to add educative videos in Bengali in this App and will continue to add on that.

 World Cancer Day

In an international meet in Paris on 4^th February, 2000, under the leadership of International Union Against Cancer all countries took a pledge to work jointly to mitigate the growing problem of cancer destroying human lives across the globe because of its capacity to cause extreme suffering and death. That pledge is renewed every year by celebrating WORLD CANCER DAY on 4^th February across the world based on a theme or slogan that highlights a particular area of concern in the fifth against cancer. Taking note that great many patients cannot afford or access the modern costly cancer treatment causing disparities in cancer care between different patient groups belonging to diverse socio economic and even geographical back grounds, the theme CLOSE THE CARE GAP has been chosen for a three-year period of 2022-2024.  On this occasion, Globally international organizations and governments engage to plan for future initiatives while locally health activists, cancer care workers from hospitals and voluntary societies organize events to spread awareness messages

About Indian Cancer Society: The Indian Cancer Society (ICS) was founded in 1951 by Dr. D J Jussawalla and Mr. Naval Tata as India’s first non-profit organization for cancer space. The activities of the ICS cover the entire continuum of cancer care: From awareness, screening for early detection, financial help for diagnosis and treatment, support groups, rehabilitation of cancer survivors, to research, registry and education. In addition, ICS publishes the Indian Journal of Cancer, the first indexed oncology journal in India. ICS has screened more than 480000 people and supported 44000 patients for cancer diagnostics, treatment, survivorship, and rehabilitation.

Indian Cancer Society, Kolkata:

Working since 1985, as a regional branch of INDIAN CANCER SOCIETY (ICS) established in Mumbai, 1951, The Kolkata ICS has been actively engaged in cancer control activities by spreading awareness amongst general population about cancer preventive measures and holding early detection camps. Despite Covid restrictions, Kolkata ICS in past three years has conducted more than 300 cancer awareness camps along with other programmes like anti-tobacco campaigns amongst school children. It has obtained a mobile mammography unit to be run by Chitta Ranjan National Cancer Institute, the regional institute of central government, with which it works in close cooperation for treatment of needy patients with annual income below Rs 4 lakhs per anum through its CANCER CURE FUND. Recently a liaison has been established with Marwari Relief Society to treat cancer patients through Swasthya Sathi Programme.

 We call on governments around the world to promote health equity, enhance cancer service accessibility, reduce disparities in cancer incidence and mortality, to finally Close the care gap”

 Facts about Cancer

As per last official published report GLOBOCAN 2020, the number of new cancer cases diagnosed in  world 2020 was 19.3 million, and almost 10.0 million died due to cancer.

GLOBOCAN predicts that the number of cancer cases will increase to 28.4 million in 2040.

 Worldwide, female breast cancer has surpassed lung cancer as the most common cancer (11.7%).

 As far as cancer-related mortality is concerned, lung cancer is the leading cause, responsible for 1.8 million deaths (18%) followed by colorectal (9.4%), liver (8.3%), stomach (7.7%), and female breast (6.9%).

In India nearly 14 lakhs new cancer cases are annually recorded now. One in every 10 person      ( both male and female) in India living up to 74 years of age will develop cancer. The 5 most common cancers in India (by rank) are breast, oral cavity, cervix uteri, lung, colo rectum.

Nearly 9 lakh persons in India annually die from cancer.

Current cancer incidence rates for men and women in high-income countries (HIC) are three times higher than the incidence in low- and middle-income countries (LMIC). But because of disparity in treatment opportunities and delivery the mortality is higher in LMI countries.

About 30% of cancers occurring in India are preventable through smoking cessation and other measures. The spotlight now is on uterine cervical cancer of women. Cancer cervix is not only detectable easily at an early stage when 90% can be cured but can be prevented with a vaccine which is readily available and soon will be a part of National Immunization Programme by vaccinating school leaving girl students. “Today, we have the real opportunity, know-how and ability to save tens of millions of lives from cervical cancer – one of the most highly preventable and curable forms of cancer.”.

Innovations and commercialization in cancer treatment has brought in huge disparities in cancer treatment delivery and confusion in low SE groups in trying to follow western guidelines. That gap needs to be bridged by structuring patient friendly country wise practical guidelines.

Mumbai, February 5^th, 2024: Alembic Pharmaceuticals Limited reported its consolidated financial results for the third quarter and nine months period ended 31st December, 2023.

Financial Highlights

• Net Sales grew 8% to Rs.1631 Crores for the quarter.
• Net Profit up 48% to Rs.180 Crores from Rs.122 Crores
• EBITDA up 14% to Rs. 269 Crores.

Mr. Shaunak Amin, MD, Alembic Pharmaceuticals Limited said “The India Branded Business was underpinned by a continued incremental improvement in core operations. The Specialty and Animal health segments continued its strong outperformance; whereas the acute performance was relatively satisfactory despite challenging market conditions. The Ex US generics grew 32% in the quarter, whereas the US returned to a 9% growth on the back of 11 launches and 7 approvals.”

Operational Highlights

India Branded Business

• India Branded Business at Rs. 596 Crores witnessed growth of 9% for the quarter.
• Gynecology, Gastrointestinal, Anti Diabetic and Ophthalmology therapies outpaced market growth.
• Relative degree of performance continue to be better than the market in Antibiotic and Respiratory segments on high base of previous year.
• Animal Health business recorded growth of 32% YoY basis. Basket of strong brands continue to drive outperformance.

International Business

• US Generics grew 9% to Rs. 474 Crores for the quarter.
• Ex-US International Formulations grew 32% to Rs. 272 Crores for the quarter.
• 7 ANDA approvals received during the quarter; 196 Cumulative ANDA approvals.

API Business

• API business at Rs. 289 Crores for the quarter.

The summary of Total Revenue is as under:                                                   (Rs in Crores)

Delhi, February 05th, 2024: Ashiana Housing Ltd organised the Ashiana Run, a marathon event held today in Bhiwadi, Rajasthan, in honor of World Cancer Day. Approximately 800 participants enthusiastically took part in the event, aiming to promote healthy lifestyles, raise awareness about cancer, and contribute to the global fight against this widespread disease.

The program started from Ashiana Town Temple in the presence of chief guest DSP Mukesh Chaudhary. The marathon consisted of a 3.5 km route for children and 7 km for adults, providing an inclusive experience for participants of all ages.

Here, attendees enjoyed a holistic experience that included a pre-Run stress-relief session, post-Run Zumba activities and an informative session by renowned cancer expert, Dr. (Brig.) AK Dhar. The event also included live DJ beats, mesmerizing dance performances by talented children and a designated selfie point to capture memorable moments.

“The Ashiana Run in Bhiwadi was more than just a Run; it was a collective effort towards creating awareness in the fight against cancer and fostering a sense of community. Ashiana Housing would like to thank all the participants, sponsors for making this event a success. and supporters. We are glad to see the enthusiastic participation of our community in the Ashiana Run. Together, we are moving towards a healthier future, inspired by Bhiwadi’s indomitable spirit in our collective fight against cancer. Reflects emotion.” – Mr. Ankur Gupta, JMD, Ashiana Housing Ltd.

Mumbai, February 05, 2024: Ishan Technologies, an ICT leader, has expanded its footprint with a launch of its Data Centre in Mumbai. This strategic move showcases the company’s commitment to providing cutting-edge IT and Telecom solutions tailored to meet diverse business needs.

Located in the heart of Mumbai, a key data centre hub in the Asia-Pacific region, this facility leverages the city’s robust ecosystem of carriers, content, and cloud providers, ensuring unparalleled connectivity and reliability. This strategic location enhances client convenience, aligning with the majority of large enterprises headquartered in the city.

The Mumbai Ishan DC-1 stands tall as a Tier-3 capable facility (awaiting certification), guaranteeing an impressive 99.98% uptime, reliable power, robust cooling capacity, and carrier-neutral MMR. Boasting a PAN India connectivity network, Ishan Technologies offers bandwidth, colocation services, and cloud interconnect, providing clients with enhanced control over SLA management.

A distinctive feature of Ishan’s Data Centre is its concurrent maintainability with redundant components, ensuring continuous operation and emphasizing reliability. Security takes centre stage, with comprehensive measures in place, including 24X7 onsite physical security, advanced fire systems, robust data security, and complete network security protocols.

Catering to diverse sectors such as BFSI, IT and ITES, and Brokerage firms, Ishan Technologies offers flexible colocation configurations, including Single Rack, Split Racks, Caging, or any modular solution. The company’s proven expertise in Network and System Integration across India ensures efficient solutions and seamless lift-and-shift capabilities.

Mr. Pinkesh Kotecha, Chairman and MD of Ishan Technologies, stated, “This strategic investment reflects our commitment to providing top-tier solutions in the dynamic digital landscape. This investment not only addresses the surging demand for cloud services but also positions us as a key player in Mumbai’s evolving tech ecosystem. We are confident that the ROI will extend beyond financial metrics, contributing significantly to the success of our partners and the overall progress of Mumbai as a technology hub. In an era where data is the lifeblood of innovation, our facility is equipped to empower enterprises with the tools they need to thrive in the digital age.”

As Ishan Technologies expands its footprint in the data centre landscape, it continues to empower businesses by providing bespoke solutions

India February 05 2024: Ola introduces the Ola Technology Fellowship program, committed to make India the leader in technology paradigms of the future. Starting with a fellowship for AI researchers at IIT Bombay, this program will span across engineering disciplines, welcoming students from top institutions nationwide. With this, the company aims to nurture the young and bright minds of our nation that will contribute to India’s journey to becoming a global leader.

Bhavish Aggarwal, Founder, Ola said, “Today, India is at the ground zero of a massive technological revolution. And we, at Ola, will do everything it takes to develop a robust talent pool and future technologies out of India, for the world.

I am excited to announce that we have introduced the Ola Technology Fellowship program. Starting with a fellowship for AI researchers at IIT Bombay, this program will nurture the young and bright minds of our nation that will contribute to India’s journey to becoming a global leader.”

The Ola Technology Fellowship program is designed to identify, support, and mentor outstanding graduates who exhibit exceptional potential in their disciplines. This initiative reflects Ola’s commitment to fostering innovation, diversity, and excellence within our industry. The fellowship program for AI researchers at IIT Bombay, will foster a conducive ecosystem for students. From fundamental research in computing & AI to gaining real-world experience, the program will empower students with research projects, internships, seminars and conferences etc.

At Ola, technology development runs through the organization’s DNA, with a focus on building businesses of global impact out of India, for the world. The company is making significant investments in R&D to push the boundaries in science and technology. The company envisions extending this ethos of world-class technology development beyond its immediate business requirements, collaborating with the brightest researchers in the country.

For more information, visit: https://olakrutrim.com/fellowship/