Archives February 2024

Mitsubishi partners with TVS Mobility to provide Integrated Vehicle Mobility solutions in India

Mitsubishi partners with TVS Mobility to provide Integrated Vehicle Mobility solutions in IndiaBengaluru, 19th February, 2024: TVS Mobility (Demerged from T V Sundram Iyengar & Sons Private Limited), operates in the Indian Automotive Distribution and Aftermarket Industry. It has established manufacturing (components), and integrated aftermarket platform in India.  Today, TVS Mobility announced a Joint Venture with the Japanese conglomerate Mitsubishi Corporation (MC), a globally integrated business enterprise with a network of around 1,700 group companies, to establish a comprehensive vehicle mobility ecosystem in India. With this, the dealership business of TVS Mobility will transform into TVS Vehicle Mobility Solution (TVS VMS) – offering a complete portfolio of services to its customers and will herald a transformation in the Indian automotive landscape. The deal is subject to the approval by the relevant regulatory authorities.

MC will initially invest Rs 300 crores with both parties committed to support the growth of this venture. This investment is intended to propel the parties’ vision in relation to vehicle ownership in Passenger Cars, Commercial Vehicles and Material Handling Equipment (MHE). The business model will have the potential to achieve $2bn revenue in the next 3-5 years’ time.

“TVS Mobility, had pioneered the sales, service and distribution of vehicles market through its dealership business in India.  This collaboration with MC will enable TVS to provide a range of solutions to the entire vehicle mobility ecosystem.” said Mr. R. Dinesh, Director, TVS Mobility.

He further added, “After providing integrated and digital platforms for the independent Aftermarket, the Vehicle Mobility business will provide innovative and digitally enabled solutions to our customers, be it enterprises, corporates or fleet owners and expand our partnership with vehicle manufacturers to provide integrated solutions across vehicle sales, operating of vehicles and ‘Vehicle-as-a-Service’ (Micromobility) solutions. This partnership will work closely with other stakeholders to provide a solution for all such stakeholders”.

MC, besides its investment, will bring in its global experience and share its best practices to scale up this business model faster.

“India has the world’s third-largest market for new automobiles with sales topping five million vehicles in 2023 and expected to grow at 6-7% in the next few years. To gain a downstream foothold in the rapidly growing Indian market, MC has been fostering its relationship with TVS Mobility group including the investment in the after-sales services provider TVS Automobile Solutions (TASL). The latest investment in the multi-brand dealer TVS VMS widens MC’s investment coverage through enhanced service capabilities even further and should propel its aim to develop comprehensive mobility solutions spanning not only after-sales services and multi-brand sales, but also vehicle-as-a-service model, and other automotive operations.” said Mr. Shigeru Wakabayashi, CEO of Automotive and Mobility Group at Mitsubishi Corporation

Noise ColorFit Macro smartwatch, featuring a distinctive 2 inch TFT Display and 220+ watch faces, launched in India

New Delhi, 19th February 2024: Noise, India’s leading smartwatch and connected lifestyle brand, today announced the launch of Noise ColorFit Macro, offering a distinctive “Live Bigger than Ever” experience. The smartwatch boasts a 2 inch TFT display for an unparalleled viewing experience. Noise ColorFit Macro also features 220+ cloud based creative watch faces, allowing the users to customise their watch face according to their preference allowing a personalised smartwatch experience. The smartwatch launches today on Amazon and gonoise.com at a price of INR 1,499. Noise ColorFit Macro will be available in seven colour variants – Jet Black, Space Blue, Mist Grey, Classic Brown, Classic Black, Black Link and Silver Link.

The Noise ColorFit Macro shines with its 2.5D curved display, offering an expansive viewing experience. Its vibrant and crystal-clear display ensures users enjoy notifications, fitness metrics, and watch faces with absolute clarity. Accompanied by a functional crown, the smartwatch offers users effortless navigation and control over its array of features. Enhanced with a metallic finish, it exudes sophistication and elegance, transforming it into a stylish accessory suitable for any occasion.  The Noise ColorFit Macro also embraces intelligence with voice assistant support. Users can seamlessly interact with Siri and Google Voice Assistant for quick access to information and commands, enhancing the hands-free experience. The Noise ColorFit Macro also comes with Tru Sync™ to enhance the bluetooth calling experience and providing a hassle free connection with mobile phones and providing users with an advanced calling experience in the industry with the help of Bluetooth 5.3.

The Noise ColorFit Macro offers a diverse range of features for both productivity and health monitoring. With the Noise Health Suite™ users can effectively monitor essential health metrics such as heart rate, SpO2, sleep patterns, and stress levels, among others. The smartwatch offers an impressive battery life of up to 7 days. On the other hand, the integrated Productivity Suite™ keeps daily reminders and weather forecasts easily accessible. The IP67 water and dust resistance ensures durability in any environment. It also offers seamless pairing with the NoiseFit Appdelivering a comprehensive suite of features for tracking, monitoring, and strengthening the wellness journey. The Noise Buzz allows the users to single handedly call from the watch dial-pad which can save up to 8 contact details on the smartwatch.

Product Specifications

Noise ColorFit Macro

Screen

2 inch TFT2.5D Display

Waterproofing

IP68

Battery Usage

Up to 7 days

Sports Modes

100+ modes

Watchfaces

220+ cloud-based

Highlight Features

Sleeker dial – a bigger display, but

would still look sleeker on smaller

wrists

Glossy edge finish

Synergia S.A. Identifies India as Key Market for Trade and Investment, Reinforcing Greece’s Global Economic Footprint

Synergia S.A., a leading investment consulting firm headquartered in Greece, announces its strategic decision to designate India as one of the most important markets for trade and investment, further bolstering Greece’s position on the global economic stage. Recognizing India’s growing significance as a hub for diverse opportunities and sustainable growth, Synergia S.A. is committed to fostering mutually beneficial partnerships and facilitating strategic investments between Greece and India.

India’s robust economic growth, coupled with its burgeoning market potential across various sectors, makes it an attractive destination for Greek businesses and investors seeking expansion opportunities abroad. Synergia S.A.’s decision to prioritize India underscores its deep-rooted commitment to facilitating cross-border trade and investment and driving economic prosperity for both nations.

Marika Tsigkanou, Vice President & Head – Corporate Office at Synergia S.A., shared her insights on the strategic importance of India and the firm’s commitment to fostering bilateral ties:”As we embark on this journey to strengthen our ties with India, we recognize the immense potential it holds for Greek businesses and investors and vice-versa. India’s vibrant economy, coupled with its rich cultural heritage and entrepreneurial spirit, presents a wealth of opportunities for collaboration and growth. At Synergia S.A., we are committed to leveraging our expertise and networks to facilitate meaningful partnerships and drive sustainable investments that benefit both Greece and India. By identifying India as one of our key markets, we aim to contribute to the continued growth and prosperity of both nations.”

In addition to its focus on enhancing trade and investment relations between Greece and India, Synergia S.A. also offers expertise in facilitating the Golden Visa Greece program. The Golden Visa program, initiated by the Greek government, offers non-European investors and their families the opportunity to obtain residency in Greece by investing in real estate or other eligible assets. Through its comprehensive advisory services, Synergia S.A. assists clients in navigating the intricacies of the Golden Visa program, facilitating a seamless and efficient application process.

Synergia S.A.’s commitment to fostering trade and investment between Greece and India, coupled with its expertise in the Golden Visa Greece program, underscores the company’s dedication to driving economic growth and facilitating global partnerships.

Nova Dairy (Sterling Agro) on the pathway of being Climate Smart in their Dairy supply chain on ground

Nova Dairy (Sterling Agro) on the pathway of being Climate Smart  in their Dairy  supply chain on groundNew Delhi 19th February 2024: Nova Dairy along with Solidaridad Regional Expertise Centre had started a transformative program in Fatehabad, Uttar Pradesh, in 2021. focusing on promoting  climate smart dairy practices benefitting the farmers and reducing the GHGs emissions from the dairy  supply chain on ground.

The program emphasized on changing the housing system; to benefit farmers, for animal welfare and manure management. The project has achieved some good results like the reduction in subclinical Mastitis cases and thus less usage of antibiotics which is good from consumer’s perspective. The project has also resulted in milk production increase of farmers by about 15% and also reduction in input cost. The project used one of the globally accepted tools (Cool Farm Tool) to measure the reduction of GHGs emissions on some demo farms resulting in reduction of around 17% emissions.

The project implementation involved organizing health camps, training, one to one interaction with farmers, farmers field schools, installation of bio digesters, using early pregnancy urine based testing kits, California Mastitis test among others.

The project strategy is long term and thus focus is also planting trees on dairy farmers benefiting farmers, animals and environment. The project has already planted trees like – Jackfruit, Mango, Kadam, Flamboyant (Gul mohar) Plants etc.

The project also focussed on fodder production introducing varieties with high biomass and nutritional value. The project also incorporated good soil health practices on these demos. This has resulted in a win-win situation for farmers, animals and the local ecosystem.

NOVA Dairy has started a journey towards a climate smart and sustainable future and for sure there is a long way to go but the beginning has started.

“Our commitment to the welfare of farmers and the environment is at the core of Nova Dairy’s values,” stated Mr. Ravin Saluja, Director of Nova Dairy Products, in response to the initiative. “We hope to positively influence the dairy industry and contribute to the general development of rural communities. We are now teaching farmers better livestock management practices and introducing sustainable solutions like biodigesters, thus giving back to nature as well.”

Aditya School of Business Management Appoints New Director Dr. A.S. Suresh Iyer

Aditya School of Business Management Appoints New Director Dr. A.S. Suresh Iyer                                Mumbai, 19th February, 2024: The Aditya School of Business Management is pleased to announce that Dr. A.S. Suresh Iyer has been appointed as its new director. Together with his 12 years of teaching experience, Dr. Iyer brings with him over 24 years of industrial expertise. Dr. Iyer is well-positioned to take the organization to new heights of success thanks to his extensive background in both academia and administration.

In his new role as Director at the Aditya School of Business Management, Dr. Iyer will play a pivotal role in shaping the institution’s academic direction and fostering a collaborative culture of innovation and excellence. With his prior experience in curriculum development, faculty and student mentorship, and strategic planning, he is committed to nurturing new talent and equipping students with the skills needed to thrive in today’s competitive business environment.

Dr. Harishchandra Mishra, Chairman Aditya Group of Institutions said, “We are delighted to welcome Dr. A.S Suresh Iyer to the leadership team at Aditya School of Business Management. His exceptional track record and prior knowledge will be integral in establishing our institution as visionary leaders in the education sector, and will steer us towards greater achievements and delivering the best possible education to our students.”

Dr. Iyer quote expressed his enthusiasm for the opportunity by stating, “I am honored to be joining the leadership team at Aditya School of Business Management. ASBM is already doing yeoman service under the visionary founder honorable Dr Harishchandra Mishra and the able hands of next generation Shri. Ashish Mishra in the realm of higher education. I look forward to contributing my skills and knowledge to take ASBM to greater heights in the years to come.”

Dr. Iyer’s passion lies in mentoring the students of the next generation to become industry ready in this VUCA and BANI world, through teaching and research. He has established his position as an industry leader through his 35 published research papers in the realm of retail, distribution, consumer behavior, and branding. Eight of these papers are now being incorporated as part of the curriculum of various courses in the marketing specialization. He has also mentored over 100 Master’s students in their theses, which have culminated in a few publications.

Hyatt Regency Dehradun appoints Ananda Shete as the Safety & Security Manager

Hyatt Regency Dehradun appoints Ananda Shete as the Safety & Security ManagerThe Hyatt Regency Dehradun Resort and Spa has announced the appointment of Ananda Shete as the new Safety & Security Managerreaffirming their commitment to guest safety and property security. With over 16+ years of extensive experience in security management, Shete brings a wealth of expertise to his new role.

The new manager’s career in security is characterized by exceptional leadership and dedication. His stellar career includes associations with renowned properties such as JW Marriott Marquis Hotel Dubai,  Hyatt Regency Pune, Courtyard by Marriott Pune, Hyatt Ahmedabad, and the rest.

The professional’s ability to plan, monitor, and implement security arrangements, including personnel training and deployment, aligns with the resort’s commitment to maintaining high standards in compliance with legal requirements. In his new role as Safety & Security Manager at Hyatt Regency Dehradun Resort and Spa, Ananda Shete will assume responsibility for overseeing all aspects of security operations, managing a dedicated team tasked with ensuring the safety and security of guests and staff.

Sumit Kumar, General Manager of Hyatt Regency Dehradun Resort and Spa, expressed excitement about Shete’s appointment, stating, “His vast experience in security management makes him a valuable asset to our team, and we eagerly anticipate his contributions in upholding the highest levels of security for our valued guests.”

Commenting on his appointment, Ananda Shete said, “I am really excited to join the vibrant, carefree, and optimistic team wherein I get the opportunity to lead the team to further enhance the processes, looking after the safety of guests and offering an elevated experience for all.”

Initial Public Offering of GPT Healthcare Limited to open on Thursday, February 22, 2024

Initial Public Offering of GPT Healthcare Limited to open on Thursday, February 22, 2024Eastern India focused GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has fixed the price band of ₹177- to ₹186 per Equity Share of face value ₹10/- each for its maiden initial public offer.  The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, February 22, 2024, for subscription and close on Monday, February 26, 2024. Investors can bid for a minimum of 80Equity Shares and in multiples of 80 Equity Shares thereafter.

The issue consists of a fresh issue of equity shares worth ₹ 40 crore and an offer for sale (OFS) of up to 26.08 million equity shares by investor selling shareholders.

As per the DRHP, the proceeds from the fresh issue to the extent of 30 crore will be used for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company besides general corporate purposes.

GPT Healthcare, founded by Dwarika Prasad Tantia, Dr Om Tantia and Shree Gopal Tantia started with a 8 bed hospital at Salt Lake, Kolkata in 2000. Today it operates four full service multispecialty hospitals, with a total capacity of 561 beds and attends to over 35 specialties and super specialties such as internal medicine, diabetology, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurology, neurosurgery, paediatrics and neonatology.

Dr. Om Tantia, has over 4 decades of experience as a surgeon and is a specialist in the field of laparoscopic surgery. He has been the president of the Association of Minimal Access Surgeons of India along with multiple accolades to his credit, including the honorary professorship bestowed by the Indian Medical Association.

Its total income increased 7.3% to Rs 3610.37 million in fiscal year 2023 from 3374.15 million in fiscal year 2022, primarily due to the increases in income from hospital services, aided by increase in patient volume; increase in income from pharmacy sales. For the six months ended September 30, 2023, revenue from operations stood at 2,041.76 million and net profit at 234.85 million.

JM Financial is the sole book running lead manager and Link Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE. 

Notes for Reference:

Issue Size of the IPO based on the upper and lower end of the price band

  Fresh OFS (26,082,786 equity shares) Total
Lower Band (@Rs 177) Rs 40 crore Rs 461.67crore Rs 501.67crore
Upper Band (@Rs 186) Rs 40 crore Rs 485.14 crore Rs 525.14 crore

 

Renowned artist and sneakerhead Santanu Hazarika’s limited-edition collaboration with pioneering sneaker brand Comet, sells out in record time

Renowned artist and sneakerhead Santanu Hazarika’s limited-edition collaboration with pioneering sneaker brand Comet, sells out in record time  India-wide release, 19th February 2024: In an unprecedented phenomenon, renowned artist Santanu Hazarika and homegrown lifestyle brand Comet’s latest collaboration – a capsule collection of 300 pairs of sneakers – rapidly sold out within only two hours of its drop, marking the very time a homegrown sneaker collaboration has sold out in record time!

Comet, a trailblazing force in the sneaker industry, is renowned for its bold designs and innovative approach to footwear. With a commitment to pushing boundaries and embracing creativity, Comet has carved a distinct identity in the world of streetwear. Their collaboration with renowned artist and sneakerhead Santanu Hazarika signifies a fusion of rebellious expression and artistic vision. Through this partnership, Comet continues to redefine the sneaker landscape, offering consumers a unique blend of style, substance, and self-expression.

A name synonymous with the sneaker culture in India, Santanu had recently joined hands with Comet for the sneaker line. The collaboration was not just cool kicks but embodied the dynamic convergence of underground art, pop culture, and the sneaker revolution married with rebellion and expression. Taking inspiration from punk, heavy metal and anti-establishment sentiments, where the shoes featured vivid colours and design elements like thorns, a shooting star with an eye, and collar tabs that spelt out ‘Silent’ and ‘Scream’ to symbolise voices that have always echoed in silence. The line perfectly reflected Santanu’s sketchbook style and a disciplined expression that harmonised the silence of rebellion with a loud, unapologetic scream, striking a chord with the audience.

The sneaker line went live last Thursday on the brand’s website and was off the shelves in a record time of two hours, thereby underscoring the audience’s anticipation for the collection.

Talking about the success of this drop, Santanu shared, “As an artist, having my own sneaker line was on my bucket list, so this is like my childhood dream come true! During the designing process, I had complete creative liberty. But naturally, there was some nervousness about this first-time collaboration. So, a complete sellout in only a few hours was definitely surprising! This has made me truly believe in the power of community.”

“We are thrilled and humbled by the overwhelming response to our collaboration with Santanu Hazarika. The lightning-fast sellout of our limited edition drop in just two hours is a testament to the acceptance we as a brand have received from the vibrant community we are building with Comet. We are honoured to see the enthusiasm and passion our customer base has created for self-expression and creativity. This achievement only strengthens our commitment to nurturing a community where authenticity thrives and consumers are encouraged to embody our brand ethos of “Never Shy, Never Sorry’,” remarked Utkarsh Gupta, Founder of Comet.

Santanu intends to foray into the gaming industry and tech merchandise with his designs. The artist plans to launch esports jerseys, gaming gear and all sorts of electronic gadgets.

INS Vikramaditya – Berthing at Adani Gangavaram Port

INS Vikramaditya - Berthing at Adani Gangavaram PortVisakhapatnam: February 19th, 2024: Adani Gangavaram Port the deepest and the most modern port in the country proudly hosted the most prestigious Indian Aircraft Carrier INS Vikramaditya at port on the eve of its participation in MILAN 24 – A grand naval exercise. The Aircraft carrier sailed out to participate in the exercises today. INS Vikramaditya is a prominent aircraft carrier in the Indian Navy which enhances India’s maritime defense posture and power projection capabilities in the Indian Ocean region. It has played a vital role in safeguarding India’s maritime interests and ensuring regional security.

Adani Gangavaram Port Limited opportunity to host the INS Vikramaditya demonstrates the port’s capability to accommodate large naval vessels but also highlight the importance of cooperation between the civilian and military sectors for maritime security and defense preparedness. Hosting such celebrated National assets reflects the port’s strategic significance and its contribution to supporting India’s naval operations and maritime interests.

Parle extends partnership with Celebrity Cricket League (CCL) for the upcoming 10th season, starting on February 23, 2024

India, February 19, 2024: Parle Products, India’s leading manufacturer of biscuits and confectionery, has extended its partnership with Celebrity Cricket League (CCL) for its upcoming 10th  season. For about seven seasons, Parle and CCL have built a relationship on shared values of passion, talent, and innovation. Together, Parle and CCL have elevated the cricketing experience for fans nationwide, blending the excitement of cricket with the joy of indulging in Parle’s delicious offerings.

This marks a significant milestone in sports and brand collaboration, showcasing the mutual commitment to excellence and entertainment. As the co-presenting sponsor, Parle, through its brand Parle 20-20 has planned a initiative called Parle 12th Man, where Parle 20-20 customers will get an unique and lifetime opportunity to be a part of their favourite CCL teams across India. To activate this, Parle has printed around 15 crore biscuit packets carrying iconic actor-player images from CCL.

Commenting on the same, Mayank Shah, Vice President, Parle Products, said, “We are thrilled to continue our partnership with the Celebrity Cricket League for its 10th season. Our collaboration brings together the love for cricket and the joy of indulging in Parle products. This edition we are celebrating the passionate supporters of the game with our 12th Man campaign and print around 15 Crore specially branded packs with CCL Player images. We reaffirm our commitment to enhancing the spectator experience for fans worldwide.” 

Speaking on the continued partnership, Vishnu Vardhan Induri, Founder, Celebrity Cricket League, said, “We are happy to have Parle as the Co- Presenting Sponsor for the 10th Season of CCL. Parle has been a committed partner for CCL  over the seven seasons sharing our passion towards talent and the spirit of cricket. With their continued support, CCL is scaling and we are looking forward to our biggest season this year.”

CCL kicked off the 10th season with a spectacular show in Dubai, on February 2, 2024, right in the heart of the global metropolis, projecting this season’s promo on the magnificent Burj Khalifa. It is the only sports league in India that brings 200+ actors from 8 different languages together. The grandiose league starts on February 23 in Sharjah, continuing for another three weekends in India with 20 action-packed and entertaining matches that appeal to a wide audience cohort beyond cricket fans. The adrenaline-pumping tournament will be live-streamed on Sony Sports Ten 5 and Jio Cinema along with multiple regional channels.