Archives February 2024

Dubai, UAE, 15 February 2024: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), signed an agreement with collaboration to utilise NVIDIA’s accelerated computing platform and reference architecture to build a world-class green AI data centre in the UAE.

A signing ceremony to initiate the collaboration took place between Eng. Marwan Bin Haidar, Vice Chairman and Group CEO of Digital DEWA and Keith Strier, Vice President of Worldwide AI at NVIDIA, at the World Government Summit, which runs from 12 to 14 February in Dubai.

“We work in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position the UAE at the forefront of the best innovative countries worldwide. This collaboration with NVIDIA will enhance the AI capabilities of our data centres and drive us towards sustainable technology adoption. It is a significant step forward in our journey towards building resilient, future-ready solutions that support the goals of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050. While this collaboration will meet the needs of today’s rapidly evolving digital landscape, it will also achieve long term results to enterprises in the UAE,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.

With the exponential growth of AI and data-intensive workloads across various sectors, the demand for high-performance computing solutions has surged. Moro plans to integrate its expertise in green data center infrastructure with NVIDIA’s advanced technology to provide efficient, scalable, and sustainable solutions for AI-driven applications.

“NVIDIA is at the forefront of innovation in accelerated computing, and we are pleased to collaborate with them to revolutionise the way AI data centres are designed and operated. NVIDIA’s leading-edge technology with Moro’s proven track record in delivering state-of-the-art data center solutions will empower organizations to unlock the full potential of AI and drive transformative outcomes in their operations across industries,” said Bin Haidar.

The companies’ collaboration will explore building AI data centers that prioritise energy efficiency and sustainability and deliver industry-leading processing power for modeltraining, accelerating timely insights for organizations across various sectors.

“Sovereign AI will enable every nation to train and run AI models in their own language, using their own data, and tuned for their own culture and specific needs. Our work with Moro Hub will help the UAE build efficient AI infrastructure to foster innovation and economic growth,” said Strier.

Together, Moro and NVIDIA are committed to driving the adoption of AI technologies while minimizing environmental impact, paving the way for a greener and more sustainable future.

Tembo Global Industries, a prominent player in the engineering and manufacturing sector, has recently secured a significant Engineering, Procurement, and Construction (EPC) contract valued at Rs. 9.22 crore. This contract, to be completed within 6 months, is with Hindustan Rajasthan Refinery Limited (HRRL), situated in Pachpadra, Rajasthan.

The esteemed EPC contract was awarded for piping works in the VGO (Vacuum Gas Oil) unit, showcasing Tembo Global Industries’ expertise and capabilities in executing complex projects within the oil and gas sector. The VGO unit stands as a crucial component of HRRL’s refining operations, and the piping works undertaken by Tembo Global Industries are positioned to play a pivotal role in enhancing the efficiency and reliability of this unit. This contract underscores the company’s unwavering commitment to delivering high-quality solutions and contributing to the growth of energy infrastructure in India.

Tata Projects Ltd, a renowned name in the EPC domain, has been selected as the contractor for this project. The collaboration between Tembo Global Industries and Tata Projects Ltd signifies a strategic partnership that combines technical excellence and project management proficiency to ensure the successful execution of the piping works in the VGO unit.

Speaking about the contract, Mr. Sanjay Patel, Managing Director, Tembo Global Industries Limited, says, “We express gratitude to HRRL for entrusting us with this critical project. We look forward to leveraging our technical expertise and innovative solutions to successfully execute the piping works in the VGO unit, contributing to the success of HRRL’s refining operations.”

This milestone comes at a time when the demand for energy infrastructure development is on the rise in India. Tembo Global Industries’ successful bid for the EPC contract further solidifies its position as a key player in the industry, known for delivering projects on time and with the highest standards of quality and safety.

New Delhi 15th Feb 2024: With the onset of the season of love, India’s fastest growing smartwatch brand Pebble has announced two glamorous and smart timepieces – Vama and Vienna – crafted as an ode to the modern Indian women. While Pebble Vienna embodies an ultra-premium style with a brilliant diamond cut, Pebble Vama personifies elegance & glamour in a curvy metallic dial. This collection was unveiled by actress Bhumi Pednekar, an epitome of what the collection manifests – style and substance. A great value for money at Rs 2,299 and Rs. 2,999 respectively, Vienna dons a 1.27” HD display & metallic mash straps in different hues, whereas Vama comes with AMOLED always-on display and a choice of silicone and mesh straps.

“Our new launches are designed for modern-day women and we think of these watches as ‘Smart Bling for Women’. Both Vienna and Vama are designed by the lifestyle needs & aspirations of women who do not shy away from flaunting their fashion statement on their wrists. The perfect accessory for any ensemble, be it with your favourite black dress or a traditional wedding season attire, we dedicate these timepieces to the might of modern Indian women. Besides, Vama and Vienna also make the perfect gifting option this Valentine’s Day,” said Pebble co-founder Komal Agarwal.

Echoing her sentiments, Mensa Brands Founder & CEO Ananth Narayanan added, “Pebble has since its inception been catering to all segments of the young & new India. As a brand, we salute women’s power and firmly believe that all their lifestyle aspirations must be catered to. Our product portfolio diversification is an earnest attempt in this direction.”

Pebble Vienna and Vama are equipped with cutting-edge Bluetooth Calling features and Voice Assistant connectivity along with smart notifications. Taking into account the most essential health-related needs of women, the smartwatches include advanced Health Suite & Female Health Monitoring features. Both Vienna and Vama have a powerful battery for longer run time, and offer DIY watch faces to customize a new look each day. Pebble Vienna and Pebble Vama are available on pebblecart.com, flipkart.com, and a retail store near you.

15th Feb 2024, Torus Health has collaborated with Tata 1mg to create a revolutionary one-stop-shop solution in the healthcare industry. A ground-breaking move by the Torus Group, a venture of Cosmea Financial Holdings Pvt Ltd, a super app they are calling ‘Hey Torus’ is all set to revolutionize the health care and wellness sector in India soon.

Providing affordable healthcare: Torus Health proudly launched its website in the first week of October 2023, receiving an order volume of over 300 orders a day. The website, which is part of the ‘Hey Torus’ sphere, is supposed to be a one-stop shop for healthcare needs, which includes pharmacy, blood tests, and doctor consultations. The tie-up with the trusted Tata 1mg is to bring affordable, end-to-end healthcare services to customers in India. Tours Health aims to provide its users with the highest discounts in comparison to other e-pharmacy platforms.

Innovative treatment approach: Using a direct business-to-customer approach, Torus Health is looking to bring a rather holistic approach to medicine. They plan to do this by finding the right balance between medication and natural approaches by combining traditional and modern techniques to provide a more comprehensive solution. ‘Hey Torus’ is looking to embrace generic medicines, homoeopathy, naturopathy, ayurveda, functional medication, as well as allopathy to create an innovative treatment approach.

Strategic evolution: ‘Hey Torus’ plans to combine health, wealth, and education in the next stages of the app. For instance, a patient who has been diagnosed with diabetes will be offered allopathic treatment along with traditional medication and will be made aware of any habits that should be changed to improve their lifestyle. ‘Hey Torus’ will provide suitable and sustainable healthcare solutions by reducing the overall cost.

High reachability:Tata 1mg, a front-runner in the healthcare industry in India, is one of the most established and trusted healthcare brands in the country. At the moment, the collaboration with Tata 1mg is already live on the website, and it will soon be integrated into the ‘Hey Torus’ super app. Presently, Tata 1 mgis servicing over 25,000 pin codes in India, showcasing high reachability and commitment to quality.

“Super Buddies”, a term coined by the founders of the super app is all set to bring about employment opportunities while encouraging entrepreneurship across the Indian healthcare sector. The founders are actively encouraging interested entrepreneurs to join them in their journey to transform the healthcare sector in India. “Hey Torus is not just an app; it is a vision to change the landscape of the Indian healthcare industry. By joining forces with some of the most well-known and trusted healthcare brands in the market, we want to change the future of healthcare in India by focusing on quality, affordability, reachability, employment, andentrepreneurship,” said spokesperson of Torus Health

Bengaluru, 15th February 2024 — Get ready for the ultimate showcase of leadership and talent as Enabling Leadership’s flagship event, ELevate 2024, which is set to be held in Bengaluru on the 17th and 18th of February at St. Joseph’s University.

This two-day extravaganza marks the culmination of ELevate, offering a transformative experience for 900 participants from every corner of India, alongside their dedicated teachers, parents, and other supporters. These participants have emerged victorious from rigorous competitions held across 9 locations nationwide over the past several months.

Elevate isn’t just an event; it’s a nationwide movement fostering leadership skills among young minds throughout the academic year. This year’s edition, featuring 10,000 children aged 9 to 14, has been a journey of growth, resilience, and skill development. The 900 regional champions will compete across three dynamic segments – Play (football), Create (music), and Build (Lego) – showcasing their exceptional abilities.

Speaking about this, Ravi Sonnad, Founder & CEO, Enabling Leadership, said, “Our commitment to equal opportunities in education drives ELevate. Amidst disparities in the educational domain, ELevate aims to positively impact thousands of children from government schools and low-income communities. By creating an inclusive learning environment, we aim to dismantle barriers, combat inequality, and challenge prejudice and bias. ELevate is not just an event; it’s a celebration of potential, resilience, and leadership. Join us in making this year’s gathering an unforgettable testament to the power of empowering young minds.”

Previously organized in Mumbai in 2023, ELevate 2024 promises an even more impactful experience. Inaugurated by Mr Gopal Shetty, Member of Parliament (Mumbai – North), the 2023 edition saw over 700 boys and girls from government and low-income schools across nine regions converging for two days of spirited football matches, captivating music performances, and awe-inspiring LEGO showcases. The event demonstrated the tangible impact of Enabling Leadership’s programs on honing leadership abilities.

The detailed schedule of ELevate 2024 is given below.

Mumbai, 15th February’2024– Dust off your poodle skirts and bobby socks because the beloved classic “Peggy Sue Got Married,” starring the iconic Kathleen Turner and Nicolas Cage, is waltzing back into your living room on &PriveHD this February 18th! This heartwarming journey takes us back to the nostalgia-filled days of high school with a twist.

Suddenly faced with the chance to rewrite her life, Peggy Sue navigates the nostalgia of the 1960s, juggling teen angst, budding romance, and the weight of knowing the future. Will she be able to change her fate or embrace the life she has already built? This heartwarming and thought-provoking film is a journey of second chances, reminding us that it’s never too late to chase your dreams. Get your popcorn ready, turn up the Buddy Holly tunes, and prepare for a nostalgic journey with Peggy Sue!

This critically acclaimed film, garnering a whopping three Oscar nominations (Best Actress for Turner, Best Cinematography, and Best Costume Design), is more than just a lighthearted comedy. It’s a thought-provoking exploration of second chances, reminding us that it’s never too late to chase your dreams. So, grab your popcorn, crank up the Buddy Holly, and get ready for a captivating trip down memory lane with Peggy Sue!

15th February 2024: Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated power companies and a subsidiary of The Tata Power Company Limited, has signed a power delivery agreement with Tata Communications Limited (Tata Communications), a leading communications technology (commtech) player, for an 18.75 MW AC group captive solar power plant.

The project, facilitated through a special purpose vehicle (SPV) — Nivade Windfarm Limited — has acquired an estimated order value of ₹ 105 crore. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 MUs of power while offsetting more than 30,000 tonnes of CO2 emissions annually.

By incorporating renewable energy sources in its energy consumption mix, Tata Communications reaffirms its commitment to environmental responsibility and adopting eco-friendly energy alternatives. While the decision to ‘go green’ demonstrates feasibility and immense benefits of sustainable energy practices, it also reflects the broader efforts within the sector to reduce environmental impact and champion a more sustainable and responsible business ecosystem.

Commenting on the partnership, Mr. Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Limited, said, “We are pleased to partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as Group Captive Solar will not only reduce operating costs but also increase energy efficiency, thus paving the way for a sustainable and future-ready sector.”

Mr. Manoj Tripathy, Vice President- Corporate Services, Tata Communications Limited said, “We are delighted to announce Tata Communications’ unwavering dedication to sustainability as a leading global commtech player, as demonstrated through our strategic collaboration with Tata Power Renewable Energy. This initiative sets a formidable example for the transition towards a greener future. It is a resolute pledge towards fostering a cleaner, more sustainable path for the future of commtech.”

Tata Power Renewable Energy Limited is strategically emphasizing on group captive projects to actively contribute to India’s ambitious target of achieving net-zero carbon emissions by 2070, while also addressing the distinctive renewable energy requirements of clients across various sectors. In recent months, the Company has achieved a significant milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group captive projects. This accomplishment is attributed to the successful execution of Power Delivery Agreements (PDAs) that span a diverse range of industries, including steel, polystyrene, mining, iron casting, manufacturing, hospitality, and automotive, among others.

With the addition, the total renewables capacity of TPREL reached 9,015 MW* (PPA capacity is 7,629 MW), including 4,744 MW of projects in different phases of development. The company has an operating capacity of 4,271 MW, including 3,244 MW in solar projects and 1,027 MW in wind projects

15th February 2024: Globe Textiles India Limited (GTIL)(NSE: GLOBE), a renowned leader in the textile industry engaged in manufacturing, supply, and trading of a complete range of textile and apparel products including Denim jeans, Shirting fabrics, and cotton printed fabrics, announced their plans to acquire Globe Denwash Private Limited, through the purchase of shares.

The company plans to fund the acquisition via its proposed rights issue which will further solidify Globe Textile’s position as an industry leader committed to environmental responsibility and fashion-centric customer satisfaction.
Globe Textile focuses on using only approved nature-friendly dyes and chemicals and has pioneered sustainable processing techniques that give better handfeel to apperals while minimise energy consumption and maximise water recycling through its Zero Liquid Discharge system.

Commenting on the development, Mr. Bhavin Parikh, Chief Executive Officer at Globe Textiles (India)Limited said, “Through this acquisition, we reaffirm our dedication to sustainability and innovation in the textile industry. This acquisition will enhance our asset base, margins and topline as well as introduceinnovative sustainable fashion garments and practiceswhich are sought after by customers from India, Europe and US. We are confident that this development will enhance the estimated top line by 120 crores to about 520 crores while improving margin by 2027-28.”

Earlier this month, Globe Textile announced to launch its Right Issue of up to Rs 49 crore. The board of directors announced on January 29, 2024, that it shall issue up to 15,11,41,500 equity shares of Rs 2 face value to eligible shareholders aggregating up to Rs 49 crores. Board of Directors of the company and committee constituted for the right issue shall announce the Rights issue price, entitlement ratio, Record date for the rights issue in the due course. In the Extra-ordinary General meeting held on December 29, 2023, the company approved the increase in authorised share capital from Rs 48 crore to Rs 61 crore and alteration of the capital clause in the memorandum of association of the company.

Globe Textile has reported a revenue of Rs 399.4 crore in the year ended 2023 and has a production capacity of over 2.5 lakh sq. feet where it manufactures, 36 million meters of fabric and 2.5 million bottoms per annum. It has reported robust financial results over the years with a 10-year CAGR of 13 per cent in Revenue and 13 per cent Net Profit.

The acquisition will add state-of-the-art facilities such as highly automated industrial washing tumblers, dryers, and cutting-edge technology while adding its capabilities in processing and sample development. The development will also add a garment processing capacity of up to 20,000 units per day and 6 Lakh units per monthcontributing significantly to Globe Textile’s production capabilities.

The acquisition will make the group’s facility certified as a Zero Liquid Discharge Facility by ATIRA (Ahmedabad Textiles Industry Research Association). The company will soon obtain ZDHC (Zero Discharge of Hazardous Chemicals) certification, demonstrating its commitment to environmental stewardship.

Tweak Salon, a distinguished name in beauty and haircare, announces the opening of its newest branch at DLF Promenade, following its successful presence at DLF Avenue. This expansion is a testament to Tweak Salon’s growing influence in redefining beauty standards in Delhi. This venture not only marks a significant chapter for Tweak Salon but also introduces a novel concept in haircare and beauty services to Delhi’s heart.

Tweak Salon at DLF Promenade has established a cornerstone partnership with Redken, renowned worldwide for its professional haircare products and exceptional color services. This collaboration enables us to offer our discerning clientele access to Redken’s top-tier products and services, positioning us as a sanctuary for hair color enthusiasts and trendsetters alike.

“In celebration of DLF Promenade’s 15th Anniversary, we’re excited to introduce a salon that’s not just about beauty services but about creating a unique experience for each client,” says Sumit Israni- Managing Director and Creative Head Geetanjali and Tweak Salon. “Our partnership with Redken and our team’s expertise blend to offer a transformative journey in haircare and beauty making us Delhi’s colour specialist salon.”

Tweak Salon’s extensive service palette includes precision haircuts, bespoke colour treatments, rejuvenating hair spa therapies, and personalized styling sessions. Their pride as a colour specialist salon shine through in our diverse range of colour treatments, each tailored to individual styles and preferences. The team, comprising professional’s adept in the latest trends and techniques, pledges to deliver results that surpass expectations, fostering confidence and self-expression.

Mumbai, 15th February 2024 : Murugappa Water Technology & Solutions Private Limited (www.murugappawater.com) company Headquartered in Chennai – India and part of diversified global business conglomerate Murugappa Group today announced a strategic Water Sustainability Partnership with AquaKraft Group Ventures (www.aquakraft.net ) to address the growing demand for sustainable water solutions.

The partnership aims to offer integrated solutions in water desalination and recovery and will leverage the technological innovations, expertise, and extensive experience of both partners. The initial geographical focus will be the Middle East eventually spanning out to other parts of the globe.

Speaking on the occasion Jayateerth Nadgir, Chief Executive, Murugappa Water Technology & Solutions Pvt Ltd (MWTS) said “We are very excited with our partnership with AquaKraft as our vision is congruent towards R&D (Revolutionizing & Disrupting) the water & energy sustainability space by providing sustainable water solutions across stakeholders. At the same time, our innovations complement each other seamlessly providing a one-stop shop for water sustainability and stewardship. MWTS has diverse business verticals from traditional EPC, Chemicals, O&M and Products but deeply engaged in a Transformative approach to SOLVE the UNSOLVED with NATURE RESTORATIVE approach, MWTS continues to be the leading solution provider to have launched/partnered with global startup-ecosystem in Water sustainability, MWTS uses the 4 ACES approach A- Automation, C-Chemistry, E- Engineering, S-Services. Further on, our customers will be incentivized with AquaKredits on AquaKraft’s digital innovation, AqVerium – the World’s 1st Digital Water Bank making the proposition unique and bankable. We are grateful to Dr Subramanya Kusnur, Water Man of India, for his inspired leadership and look forward to creating long-term impact together.”

AquaKraft Group Ventures (www.aquakraft.net ), a sustainability and impact group, focused on providing actionable solutions on the ground in the area of drinking water and sanitation. AquaKraft has innovated technologies for drinking water, sewage treatment & recycling & biodigesters for sanitation, all of them which are energy efficient, green, sustainable & Water+ve. AquaKraft has been advocating sustainability since its inception in 2010 and has treated 9 billion+ litres, recycled 34 billion+ litres, harvested & saved 115 trillion+ litres of water and implemented over 9000 water +ve bio-toilets across India. AquaKraft’s focus is to be a global leader in this socio-commercial enterprise space while staying committed to its mission of providing clean water to all at their affordability index and a clean sanitation methodology that will aid in arresting the spread of disease and provide a basic human need in dignity. AqVerium( www.aqverium.com ) – The World’s 1st Digital Water bank is a significant innovation by AquaKraft to provide a first-of-its-kind platform to report and monitor water use & efficiency and incentivise good behaviour in Water with AquaKredits. The platform also offers offset of AquaKredits and a Water Sustainability Score for branding sustainability. AquaKraft is now ready for launch in international markets across the Middle East, Africa, the USA and Asia.

“MWTS & AquaKraft has been at the forefront of advocating sustainability much before the advent of UN SDGs and it forms an integral part of our ethos and business philosophy. Our partnership aligns with our joint ethos and philosophy as they strongly exemplify the same. The focus of our partnership is to provide green solutions that are climate-friendly and environmentally conscious. Having innovated and implemented our vision across the length and breadth of India has given us a strong understanding of key success parameters and the recipe to make the world water +ve. According to the research report “Middle East & Africa Water Desalination Market Research Report, 2029” published by Actual Market Research, the Middle East & Africa Water Desalination Market is expected to reach a market size of more than USD 17 billion by 2029 and our partnership is well poised to address a majority of the same.” Said Dr. Subramanya Kusnur, Founder Chairman & CEO, AquaKraft Group Ventures.