Archives July 2024

Chennai, July 30, 2024: The Board of Directors at atData Patterns (India) Limited (NSE: DATAPATTNS | BSE: 543428), a strategic Defense and Aerospace Electronics Systems provider, today approved the limited review financial results for the quarter ended June 30, 2024.

 Performance Highlights

INR in Cr.

Q1 (2024 – 2025) Highlights

• Total Revenue for Q1 increased by 15% from Rs. 101 Cr in quarter ended June 30, 2023 to Rs. 116 Cr in quarter ended June 30, 2024.
• Revenue from operations increased by 16% from Rs. 90 Cr in Q1 FY 2024 to Rs. 104 Cr in Q1 FY 2025
• The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) increased by 33% from INR 28 Cr for the quarter ended June 30, 2023 to INR 37Cr in the corresponding quarter ended June 30, 2024
• Profit Before Tax (PBT) improved by 25%, from INR 35 Cr for the first quarter of FY23to INR 44Cr in the first quarter of FY25
• Profit After Tax (PAT) increased by 27% from Rs. 26 Cr in Q1 FY 2024 to Rs. 33Cr in Q1 FY 2025.
• Orders book position
  • Orders on hand as on June 30, 2024  – INR 1017.08 Cr
  • Including orders negotiated, pending receipt of formal orders – INR 1,147 Cr
• Order book as on March 31, 2024 was Rs. 1083 Cr and as on June 30, 2023 was Rs. 967 Cr.

Mr. Srinivasagopalan Rangarajan, Chairman &Managing Director, Data Patterns (India) Limited commenting on the company’s performance said,“This has been an encouraging start to the financial year 2025 with revenue growth of 16%, gross margins at 72% and EBITDA margins improved by 465bps at 36%reflecting operational excellence. Our current order book crosses 1100crs with an optimal production and development mix. We anticipate strong and steady order inflow for the full year given the government’s emphasis on ‘Made in India’ defence solutions. We are excited about the opportunities ahead and remain dedicated to driving continued growth and value for our stakeholders.

SILVER SPRING, MD (July 30, 2024) – The Adventist Development and Relief Agency (ADRA) joins global communities on July 30 to commemorate World Day Against Trafficking in Persons and reinforce eradicating child trafficking. This year’s theme, “Leave No Child Behind in the Fight Against Human Trafficking,” highlights the significant proportion of female trafficking victims globally.

According to the United Nations, more than 1.2 million children are trafficked each year, and minors are twice as likely as adults to endure violence during trafficking. In regions like Sub-Saharan Africa, North Africa, Latin America, and the Caribbean, the incidence of child trafficking is disproportionately high, with minors constituting 60 percent of the detected victims.

Photo Credit ADRA Mexico

“Human trafficking is a serious and widespread crime affecting millions of men, women, and children worldwide. ADRA is highly aware of the crucial nature of this crisis, particularly child trafficking, as minors account for a sizable proportion of global victims. ADRA is at the forefront of providing support services and programs to victims, many of whom have been subjected to violence, forced labor, sexual exploitation, and recruited as child soldiers in armed conflicts. ADRA will continue raising awareness, advocating, and promoting action globally to educate and engage communities to protect children and adults from falling victim to trafficking,” declares ADRA International’s Vice President for Humanitarian Affairs, Imad Madanat.

ADRA Child Protection Programs

ADRA spearheads programs in different regions of the world specifically to support children at risk for human trafficking by addressing the root causes like poverty and inequality to reduce children’s vulnerability.

ADRA Bangladesh

ADRA implements a project in Bangladesh to prevent forced child labor. According to UNICEF, three million children in the country are forced to work, and many of them become victims of human trafficking. The young people who live in Bangladesh’s urban slums are the most vulnerable. To address the problem, ADRA established a school in a low-income neighborhood, and the Chalantika Slum Children Development Project (CSCDP), which has been offering high-quality education and social services to prevent malnutrition, since 1972.

Keep Girls Safe in Thailand

ADRA’s Keep Girls Safe (KGS) project in Thailand, collaborates with government agencies, local organizations, and community groups to improve awareness and reduce women and girls’ vulnerability to sexual exploitation and human trafficking. Keep Girls Safe (KGS), which has a shelter for high-risk girls, and offers education scholarships to 100 young women, is marking its 20th year of success. The project also partners with the Chiang Rai Secondary Education Department to train students, high school teachers, and counselors on how to raise awareness and encourage reporting of online exploitation, abuse, and human trafficking.

ADRA and Refugee Children

ADRA works with refugee and displaced children in a variety of settings to ensure their safety and protection, as they are targets of human traffickers. According to UN reports, an increasing number of refugee and migrant children are taking exceedingly dangerous routes, frequently at the behest of smugglers and traffickers, and being sold into slavery or prostitution.

To safeguard children, ADRA runs educational initiatives in many refugee camps around the world. ADRA’s Learning Center in Baalbek, Lebanon, offers education to children who fled the Syrian conflict and connects them and their families to crucial services.

In Mexico, ADRA assists refugee families and children who flee from violence and conflict zones by providing food, shelter, health services, and counseling.

ADRA has also launched extensive response operations to protect refugee children and families who escape the fighting in Ukraine. Several ADRA country offices including Austria, Belgium, Romania, and Slovakia, offer numerous social services, such as food, cash assistance, access to education, shelter, psychosocial support, and protection at border crossings.

Help ADRA create a safer world by joining the battle against human trafficking. Visit https://adra.org/child-protection to discover more about ADRA’s global trafficking prevention efforts, as well as ways to help survivors and protect vulnerable people from this heinous crime.

Secure interviews and more information on this story by contacting Iris Argueta at iris.argueta@adra.org or calling 301-332-3880.

Marriott Internation

Goa, July 2024: This August, JW Marriott Goa invites you to celebrate the essence of freedom and togetherness with our exclusive long weekend offerings from August 15th to August 19th, 2024. Experience a luxurious retreat that honors the spirit of Independence Day and the cherished bond of Raksha Bandhan.

Our thoughtfully curated packages provide an exquisite blend of relaxation and festive celebration. Whether you’re lounging by our beautiful infinity pool or indulging in our world-class amenities, every moment is designed to reflect the joy of independence and the warmth of togetherness.

Book our “Resort Escapes” offering guests an immersive experience in this spectacular setting. The resort campaign will be catering to families and couples who are increasingly seeking properties that offer a multitude of amenities within their premises. With the changing seasons, these demographics are naturally inclined toward resort destinations. Whether it’s the summer break or school vacations, resorts provide an ideal escape for families, while couples seek out destinations year-round.

The package entails:

1. Daily hotel credit up to INR  per stay at select Marriott properties.
2. Daily buffet breakfast
3. A bucket of beer or a bottle of wine
4. 20% discount on spa treatments
5. Curated experiences at the hotel/ resort
6. 50% savings for kids under 12 years of age

*Earn 1000 bonus points per stay for Marriott Bonvoy® HDFC Bank credit card holders

Date- 15th August 2024 – 19th August 2024

New Delhi, July 2024: FIITJEE – India’s premier institute for the preparation ofJEE and other Competitive& Scholastic exams, is conductingFIITJEE Talent Reward Exam (FTRE), the biggest & most awaited exam of the year, which has enormous academic benefits for all students presently in Class V, VI, VII, VIII, IX, X & XI.FTRE empowers students’ academic journey with the only & most comprehensive 360-degree academic diagnostic tool and gives them a chance to be rewarded with enormous scholarships. The exam will be conducted in Offline, Computer Based (CBT) & Proctored Online modes on multiple dates. Students can choose the exam date and mode which suits them the best.

FIITJEE Talent Reward Exam (FTRE) offers exceptional benefits and a unique platform for students to assess their competitive exam readiness. The exam meticulously evaluates students’ current academic potential, analytical skills, IQ, aptitude, and Problem-Solving Capabilities. It provides students with a realistic prediction of their potential with national-level standing in major examinations such as JEE Main, JEE Advanced, NEET, NTSE & various Olympiads through the Rank Potential Index (RPI). FTRE also offers students the invaluable experience of attempting scientifically designed question papers that closely resemble the patterns and marking schemes of most national-level competitive and scholastic exams. FTRE helps students to identify their shortcomings and improvements needed to accomplish their goals.

FTRE’s unique advantages that contribute to the 360-degree analysis of students’ academic potential when it comes to planning for students’ academic goals and career paths are summarised below. These insights are essential for both parents & their children.

Knowing Current Academic Capabilities: Parents and children need to discover the child’s current academic capabilities especially aptitude, comprehension skills, analytical skills, general IQ & IQ specific to the career choice.

Knowing Academic Inclination for a stream:It is important to discover children’s subject-wise aptitude at an early stage so that the correct stream is chosen in class XI to prepare earnestly for a successful career in the chosen stream.

Discovery through Scientifically Designed Tests: All the above can’t be done through just any test. A child needs scientific testing that also has a pattern like various prominent National Level competitive & scholastic exams.

Realizing National Level Academic Standing: Whether students are choosing Engineering, Medicine, Pure Sciences, Law, CA, Fashion, Business, et al.they need to know their National Level Standing (Success Potential / Rank Potential Index) for the relevant exams to make the right start at the right temp.

After all the analysis, parents& children need to know what needs to be done to unravel students’ total potential (manifested & hidden). This is the most crucial step. It needs to be done carefully.

Mr. R. L. Trikha, Director, FIITJEE Group said, ”FTRE is not only an admission cum scholarship test, but also a tool for accurately gauging a student’s academic potential. The exam is poised to set them on course for extraordinary growth in terms of their ability to evaluate their potential, present capability, and real academic inclinations. I highly recommend that every student who is thinking of joining FIITJEE at any stage must appear in the FIITJEE Talent Reward Exam. This will help him/her to get immense Early Joining Academic Benefits. This is an opportunity to study in a superior optimally designed learning environment.

FIITJEE Talent Reward Exam has acted truly as a launchpad to catapult innumerable students on the right path to successful careers with bright futures. By identifying and nurturing young talent, FTRE provides students with invaluable timely opportunities to realize their academic potential and exploit it to realize their dreams. Many students who have participated in FTRE and enrolled in FIITJEE have gone on to achieve remarkable success in competitive exams like JEE. The transformative impact of FTRE is evident in the stories of perseverance, achievement, and empowerment that emerge from its participants, making it a cornerstone in the educational landscape. K Tejeswar, Ganga Shreyas, Arjav Jain, and Shekhar Jha, are those students who joined FIITJEE through FTRE and secured AIR 8, AIR 13, AIR 27 & AIR 28 respectively in JEE Advanced 2024. Mr. Trikha Concluded”.

Students presently in Class V, VI, VII, VIII, IX, X & XI(going to Class VI to XII in 2025) are eligible to appear for the exam. The exam will be conducted on the 15th of September & 6th of October 2024in Offline or Computer (CBT) or Online Proctored mode, and on the 22nd, 23rd, 27th, 28th of September, and 4th& 5th of October 2024 in Online Proctored mode only.

Mumbai: In a candid moment of nostalgia, Sonu Tyagi, the dynamic founder of Approach Entertainment, Approach Communications, and Go Spiritual India, shared a vivid memory of his first cinema experience. The film that etched an everlasting impression on his young mind was the Bollywood classic ‘Charas,’ starring the legendary Dharmendra and Hema Malini, directed by the renowned Ramanand Sagar.

Recounting the experience exclusively with Bollywood & Entertainment Newswire, Approach Bollywood, Tyagi revealed that he watched ‘Charas’ while skipping school in the 8th standard. The venue for this unforgettable escapade was Muradnagar Priya Cinema, a small town near his village in Western UP, district Ghaziabad, a place that holds a special place in his heart.

Despite his first outing in cinema as a 6-year-old kid watching ‘Naam,’ directed by Mahesh Bhatt and starring Sanjay Dutt and Kumar Gaurav, featuring the famous song by Pankaj Udhas ‘Chitthi Aayi Hai,’ he was too young to make much of the story. However, it was ‘Charas’ that truly ignited Tyagi’s passion for the entertainment industry. This iconic film, known for its gripping storyline and stellar performances, left a lasting impression on him.

Reflecting on this experience, Tyagi said, “Watching ‘Charas’ was a turning point in my life. The magic of cinema and the powerful performances by Dharmendra and Hema Malini captivated me and set the foundation for my future endeavors in the entertainment world. It was an innocent rebellion that led me to discover my true calling.”

Today, Sonu Tyagi stands as a visionary in the entertainment industry, with his ventures making significant impacts across various sectors. Approach Entertainment, an award-winning celebrity management and film production company, is a testament to his dedication and innovative approach. Under his leadership, the company has carved a niche in managing high-profile celebrities, producing captivating films, and executing memorable events. Over the years, he has worked with Amitabh Bachchan, Katrina Kaif, Govinda, Bhagyashree, Jackie Shroff, Tanushree Dutta, and Bobby Deol, among others, for endorsements, events, and films.

Approach Communications, another brainchild of Tyagi, excels in PR and integrated communications. The agency is known for its strategic communication plans, media relations, and brand management, serving a diverse clientele across industries. Tyagi’s expertise and forward-thinking strategies have propelled Approach Communications to the forefront of the industry, earning it a reputation for excellence and reliability.

In addition to his accomplishments in the entertainment and communications sectors, Tyagi’s commitment to promoting spiritual awareness and philanthropy led to the establishment of Go Spiritual India. This not-for-profit organization works tirelessly to foster spiritual awareness, promote mental health, and wellness, and support social causes. Go Spiritual India also delves into spiritual tourism, events, and media, providing a holistic approach to spirituality and well-being.

The organization recently launched the Go Spiritual India News Magazine and is set to unveil a Web TV/OTT platform, further expanding its reach and influence. Through these initiatives, Tyagi aims to create a platform that not only entertains but also enlightens and inspires individuals to lead a balanced and fulfilling life.

Tyagi’s journey from an 8th standard student skipping school to watch a movie, to becoming a leading figure in the entertainment and spiritual sectors, is truly inspirational. His story serves as a testament to the profound impact that a single film can have on shaping one’s future aspirations and career path. His ventures, driven by passion and vision, continue to make significant contributions to their respective fields, reflecting Tyagi’s unwavering dedication to his craft and his mission to make a difference in the world.

Sonu Tyagi has a rich academic background with a graduation in psychology and postgraduate courses in advertising management, journalism, and filmmaking. He honed his skills by working with leading advertising agencies and media houses across India before launching Approach Communications and Approach Entertainment.

Approach Entertainment Group stands as a distinguished hub for Celebrity Management, Film Productions, Advertising & Corporate Film Solutions, Films Marketing, and Events & Entertainment Marketing. Additionally, Approach Communications operates as a prominent PR & Integrated Communications agency serving sectors including Corporate, Healthcare, Entertainment, Finance, Education, and Social domains.

With a robust presence spanning Mumbai, New Delhi, Gurugram, Goa, Kolkata, Dehradun, Chandigarh, Hyderabad, and Ahmedabad, Approach Entertainment Group leads the charge in entertainment, media, and communications. The group’s specialized Bollywood Newswire & Content Dissemination unit, known as Approach Bollywood, further enhances its industry influence and reach.

Go Spiritual India is a charitable spiritual organization dedicated to philanthropy, spiritual awareness, mental health, wellness, organic practices, spiritual tourism, events, media, and social causes. Recently, the organization debuted a news magazine and is preparing to launch Go Spiritual India Web TV & OTT shortly.

The Board of Directors of CSB Bank took on record the financial results for the quarter ended 30.06.2024 (Q1 FY 2025) which were subject to limited review in their meeting held on 29.07.2024

Highlights

a) Profit after Tax is at Rs 113.32 Cr in Q1 FY25 as against Rs 132.22 Cr in Q1 FY 24. We continue to maintain the accelerated provisioning policy during this quarter as well. Return on Assets and NIM were at 1.27% and 4.36% respectively during Q1FY25.

b) Operating Profit of the bank is at Rs 172.49 Cr as against Rs 181.43 Cr in Q1 FY 24.

c) Net Interest Income (NII) earned for the Q1 FY25 was Rs 361.97 Cr as against Rs 364.01 Cr in Q1 FY 24.

d) Non-interest income for Q1 FY25 is at Rs 171.83 Cr as against Rs 119.90 Cr for the same period last year up by 43%. While Treasury income grew by 29%, other incomes excluding treasury income increased by Rs 47.60Crs or by 45% on a YoY basis.

e) The income Ratio is at 67.69% at the end of Q1 FY 25; whereas it was 62.51% at the end of Q1 FY 24. The increase is mainly on account of significant investments made in people, distribution, systems & processes in the build phase aimed at creating a strong foundation for the scale that we aspire to achieve as part of SBS 2030

f) Asset Quality & Provisioning

GNPA and NNPA ratios increased by 42 bps and 36 bps respectively compared to Q1 FY24.

g) Robust Capital Structure – Capital Adequacy Ratio is at 23.61%, which is well above the regulatory requirement. CRAR as of 30.06.23 was 25.99%

h) Total Deposits grew by 22% YoY from Rs 24,475.52 Crs as of 30.06.23 to 29,919.85 Crs as of 30.06.24. The CASA ratio stood at 24.90% as of 30.06.2024

i) Advances (Net) grew by 18% YoY to Rs 24,844.01Crs as of 30.06.2024supported by a robust growth of 24% in gold loans on a YOY basis. Gold loan portfolio crossed the Rs 12,000 Cr mark

CEO Speak:

Speaking about the performance Mr. Pralay Mondal, Managing Director & CEO said, “In the quarter gone by, we were able to deliver a growth of 22% and 18% in our deposits and net advances respectively on a YoY basis. Our total income recorded a growth of 25% with a substantial contribution from the other income growth of 43% over Q1 FY 24. All the regulatory ratios like CRAR, LCR, etc are stable and robust. Despite the increased cost of funds and additional expenditure towards the build phase, we could register an operating and net profit of Rs 172 Cr and Rs 113 Cr respectively.
We are committed to achieving what we have envisioned in our SBS 2030 journey and have made significant strides here. On the distribution front, we have already opened 15 branches in Q1 and will continue with our expansion plans. On the technology front, project implementations are being tracked closely towards successful & timely execution. Our SBS vision is driving our strategic goals, thus ensuring sustained growth and value creation for all stakeholders”

Ahmedabad, 30th July 2024 – Ahmedabad’s real estate market has experienced substantial growth in recent years, owing to several government policy initiatives and measures that have supported the sector’s expansion and facilitated recovery in the post-pandemic period. A joint report ‘Ahmedabad Residential Overview’ by ANAROCK Group and CREDAI Ahmedabad’, unveiled at the Ahmedabad Residential Real Estate Summit 1st Edition hosted by CREDAI Ahmedabad with knowledge partners ANAROCK, highlights that the past decade has seen the city witness remarkable industrial and infrastructure growth, leading to abundant job opportunities and attracting talent from various regions.

Mr. Shekhar Patel, President Elect, CREDAI National, says, “This rapid economic advancement has also spurred significant development in the real estate sector. New development initiatives and enhanced connectivity will attract more investments to certain prominent areas of the city.”

Housing Supply and Sales

Mandhir Vinaik, Dy. Vice President – Residential (Gujarat), ANAROCK Group, says, “According to ANAROCK Research, Ahmedabad’s residential market has exhibited robust growth post-pandemic, with a cumulative total of approx. 141,570 new residential units launched and 130,090 units sold during Jan 2021 – June 2024. 2023 witnessed a peak in sales, recording over 40,020 units sold. This represents a significant increase of 34% compared to figures from 2021.”

The city is known as one of the most affordable residential markets as compared to the top 7 cities of India and has witnessed a significant shift in the supply dynamics. The affordable segment’s share in overall supply declined from 54% in 2018 to 28% in 1H 2024. Also, the share of mid-end projects in total supply during the year surpassed the share of affordable supply, for the first time since 2018.

Housing Prices

“The average price of real estate rose by 49% between 2018 and 1H 2024”, says Mr. Dhruv Patel, President of CREDAI Ahmedabad. “Nonetheless, there was a 16% appreciation in the last year, underscoring a consistent upward trend in the market. Average prices appreciated significantly, reaching INR 5,925 /sqft at the end of 1H 2024 from INR 3,975/sqft in 2018, finds the report.”

India | July 30th, 2024: WhatsApp today launched a privacy campaign focused on the importance of secure communication, demonstrating how WhatsApp’s multiple layers of protection offer people more control and privacy over their conversations while engaging with friends, family, and now businesses too.

The campaign shows how WhatsApp creates a safe space for people living away from home, to have their most private conversations with their loved ones while building a new community and adjusting to a new life, underscoring WhatsApp’s commitment to user privacy through built-in layers of privacy and security features added over the years.

Conceptualized by BBDO India and directed by notable Indian film director, Shimit Amin, the ad film follows the journey of a young man who moves to a new city to pursue his passion for becoming a professional chef. Capturing some heartwarming and challenging moments of him adapting to a new culture, learning a new language, and finding his feet in a new work environment, we see how WhatsApp provides him a safe space to be his most authentic and confident self, even in his most vulnerable moments.

While end-to-end encryption is the foundation of what keeps calls and messages secure on WhatsApp, the film educates users on privacy features like Block and Report, Two-step verification, and Meta Verified that help strengthen the security of your conversations. A verified badge on a business profile helps customers identify trusted businesses on WhatsApp and empowers them to know that they’re chatting with the right business.

Vyom Prashant, Director, of Consumer Marketing at Meta, said, “Over the years we have added layers of security and protection with innovative features that empower users to have their most private conversations on WhatsApp, including talking to businesses they choose to. We’re proud to introduce this campaign that shows the vital role that private and secure messaging plays in people’s lives and how WhatsApp can be a safe space for people to say more and be more, especially when they’re living away from their homes and loved ones.”

Shimit Amin, a Notable Indian Film Director, said, “Interpreting and representing the true meaning of privacy that WhatsApp offers is both a challenge and a great opportunity. For this campaign, WhatsApp wanted to capture the essence of people feeling safe and empowered to have private conversations when they’re away from home and their loved ones. Our protagonist, Ikbir’s story will resonate with the millions of Indians who leave their homes and families in search of better opportunities, looking to do more with their lives but need the privacy to be vulnerable and connect with their loved ones, no matter how far away from home they are.”

Commenting on the campaign, Josy Paul, Chair and Chief Creative Officer, BBDO India, said, “As a champion of privacy, WhatsApp believes in creating a safe space that allows us to be more. The film demonstrates how WhatsApp’s privacy features provide much-needed intimacy and protection during the most private moments. The story of young Ikbir, who moves to a new city to achieve his dreams, is a story of vulnerability and strength. It is as much his story, as it is everyone’s story. It shows us that physical distance does not mean emotional distance. With WhatsApp, we can share intimate moments privately and be our most real selves with the ones who matter.

As part of the campaign, WhatsApp is also releasing a series of dedicated product films to drive user awareness of safety tools and features that equip people with the necessary safeguards to help protect them from online scams and frauds. Key safety features that can help users stay safe from scams include:

1. Two-step verification to add an extra layer of security to your account: WhatsApp allows users to add an extra layer of security to their account by enabling the Two-Step Verification feature, which requires a six-digit PIN when resetting and verifying your WhatsApp account. This is helpful in case a SIM card gets stolen or if the phone is compromised.
2. Block and report accounts that are suspicious: WhatsApp is a private and safe space for people to communicate with their loved ones and people who have your phone number. However, at times when users receive problematic messages from unknown numbers, some of which may include suspicious links, and request access to personal information, among others WhatsApp provides a simple way for users to ‘block and report’ the account to WhatsApp. If you receive a message from an unknown sender, WhatsApp provides users the option to block them, with additional details such as groups in common, along with safety tools if you need to take action.
3. Silence unknown callers: Designed to give you more privacy and control of your incoming calls, it helps to automatically screen out spam, scams, and calls from unknown people for increased protection. These calls will not ring on your phone but will be visible in your call list, in case it turns out to be someone important.
4. Identify trusted businesses with the Meta Verified badge: A verified badge on a business profile [labeled with a blue tick] helps customers recognize trusted businesses on WhatsApp so that you’re confident that you’re chatting with the right business. Verified business accounts have been authenticated using a multi-step verification process to help you know that the businesses you interact and message with are legitimate.

The national campaign will run across OOH, Print, Digital, and Cinemas in 8 Indian states including Uttar Pradesh, Madhya Pradesh, Haryana, Punjab, Delhi, Rajasthan, Maharashtra and Uttarakhand.

MUMBAI, July 30, 2024 — Rashi Peripherals Limited (NSE: RPTECH; “RP Tech”), one of India’s premier national distribution partners for global technology brands, today announced its exclusive partnership with DataCore Software, a leading provider of award-winning data storage solutions with a global footprint across multiple industry verticals.

As businesses navigate the complexities of an evolving digital landscape, they face unprecedented demands in storing, protecting, and managing their data. RP Tech and DataCore are joining forces to deliver transformative solutions that enhance performance, improve IT efficiencies, and ensure zero downtime availability. This synergy empowers enterprises to optimize their data infrastructures, ensuring they stay resilient, agile, and competitive in an increasingly data-driven world.

Rajesh Goenka, CEO of Rashi Peripherals said, “Our exclusive partnership with DataCore is a significant step in expanding RP Tech’s software solution distribution capabilities. We see a burgeoning demand for advanced storage solutions, and this collaboration will enable us to offer a comprehensive suite of future-ready products to our customers. With our distribution prowess, we will provide DataCore with the widest reach for its solutions and services. We are committed to leveraging joint marketing and innovation efforts with DataCore to deliver exceptional value to our customers and channel partners.”

DataCore brings over 25 years of expertise in software-defined storage, having pioneered innovations that cater to a diverse range of infrastructures, industries, and geographies. Its history of advancements in storage technology has established DataCore as a trusted leader in enabling organizations to manage vast data environments efficiently, overcoming hardware supplier lock-ins and other infrastructure constraints. The company’s solutions support business continuity and disaster recovery for critical workloads, offer data protection for backups and enable archiving of fast-growing unstructured data, among other capabilities. DataCore remains at the forefront by incorporating modern technologies such as AI, containers, and advanced cybersecurity paradigms, further enhancing the value and versatility of its data storage offerings.

“Partnering with RP Tech enables us to tap into their extensive distribution network and extend our proven data storage solutions to a far wider audience across India,” said Amanda Bedborough, Chief Revenue Officer at DataCore. “This strategic alliance will address critical data challenges across core, edge, and cloud environments, enabling businesses to effectively manage and safeguard their data assets in a rapidly evolving IT landscape. Building on our R&D and customer engineering investments in Bangalore, we now aim to strengthen our partner channel and drive substantial growth together.”

As India undergoes a phenomenal economic transformation by rapidly embracing digital technologies, the IT sector is compelled to innovate and deploy cutting-edge solutions to manage the immense data surge and connectivity demands. This partnership between RP Tech and DataCore is well-positioned to capitalize on these market trends, offering sustainable data center frameworks and private cloud services to address the evolving needs of enterprises and mid-market businesses. Key areas of focus include verticals such as finance, healthcare, education, retail, manufacturing, telecom, media and entertainment, and government. To ensure the success of this initiative in India, RP Tech has developed a strategic roadmap for the next 1-3 years. This plan focuses on leveraging industry events, channel meetups, and promotional activities to amplify DataCore’s presence. Combining targeted marketing efforts with innovative channel programs, RP Tech aims to foster new opportunities and accelerate growth in the sector.

Disclaimer:

This press release by Rashi Peripherals Limited (the “Company”) is for informational purposes only and does not constitute an offer, recommendation, or invitation to purchase or subscribe to any securities. The information provided is based on data deemed reliable by the Company, but its accuracy, completeness, and fairness are not guaranteed. The Company disclaims any liability for errors or omissions. Certain forward-looking statements regarding market opportunities and business prospects are not guarantees of future performance and involve risks and uncertainties. Actual results may differ significantly. The Company is not obligated to update these statements and does not endorse third-party projections included herein.

Pune 30th July 2024: This August, immerse yourself in the enchanting world of Indian theatre as Paytm Insider and Bhasha Centre present three intriguing plays under their co-producing theatre initiative, ‘Manch’, in Pune. Manch has consistently been a platform for groundbreaking performances, pushing the boundaries of traditional theatre, and this August, it is set to captivate Punekars with thought-provoking productions. The line-up includes: I Killed My Mother/It Wasn’t My Fault by Tafreehwale on August 2nd, Asymptomatic – When Failure Becomes Funny by Abhay Mahajan on August 15th, and Ghanta Ghanta Ghanta Ghanta Ghanta by Aasakta Kalamanch on August 18th. Rich in narrative and artistic flair, each play features exceptional talent. So, don’t miss out on these sensational productions coming your way!

Written and directed by Mallika Shah and produced by Meghana AT, I Killed My Mother / It Wasn’t My Fault is a comedy-drama delving into the complex emotional world of a 25-year-old urban girl, navigating an ordinary day. Beyond the surface conflict between mother and daughter, this 65-minute play artfully portrays the protagonist grappling with the struggles of modern life – the relentless cruelty of self-doubt, societal pressures, unemployment, singlehood, and generational clashes, while being caught by the blurred boundaries between her reality and the online world.

A tafreehwale production, this comically absurd yet strikingly realistic play is set to be performed on the 2nd of August at The Box Too, Pune. Secure your tickets today, starting at just Rs 350.

Asymptomatic – When Failure Becomes Funny is an intricate cocktail of comedy, tragedy, farce, dance, stand-up, and theatre. Everyone has faced rejection, whether for a job, a program, or a relationship. This piece tells the story of a multifaceted artist, hungry for success and rebuffed at every turn, constantly needing to prove his worth. A solo performance, Asymptomatic scrutinizes the power systems that largely govern success and failure, presenting it with bold and humorous irreverence.

Written, directed, and produced by Abhay Mahajan and produced by Medha Agrawal, the play will be staged at Shreeram Lagoo Rang-Avkash (SLR), Pune on 15th August.

Aasakta Kalamanch’s Ghanta Ghanta Ghanta Ghanta Ghanta captures the fragmented reality of contemporary life through its playful use of language. The sensibly crafted play centers on a mismatched couple—a musician and a lawyer, residing in a country with a fascist government. Through the couple’s flawed relationship, the story unravels life’s meaning, love, loss, politics, and freedom when the government enforces a strict law, limiting the daily word usage to just 140. The impact of this totalitarian law on society and individual minds is profound, prompting an inquiry into the true meaning of “the personal is political”.

Adapted into Marathi by Niranjan Pednekar from Sam Steiner’s Lemons Lemons Lemons Lemons Lemons, this thought-provoking performance will be presented on August 18th at The Box Studio, Pune.

Varun Khare, COO, of Paytm Insider, said, “At Paytm Insider, we are committed to igniting the spark of theatrical brilliance and creating memorable experiences for our audiences. We are thrilled to collaborate once again and bring ‘Manch’ to Pune this August, delivering a remarkable theatrical showcase. So, whether you’re a theatre enthusiast or even experiencing theatre for the first time, we invite you all to dive headfirst into a world of impactful narratives performed by seasoned actors. This isn’t just theatre; it’s a rollercoaster of emotions that you’ll remember long after the final curtain call.”

Vivek Madan, Director, of Bhasha Centre, adds, “We are excited to continue our partnership with Paytm Insider to showcase a curated selection of amazing plays under ‘Manch’, our co-producing initiative. The plays are unique, exciting, uplifting, funny, and heartbreaking all at once and will be performed by experienced, gifted actors. Bringing these talents together and bolstering their artistic ability with producorial and marketing acumen has been a joy and a privilege. We invite you to join us in exploring these exceptional performances and share in the journeys of these people and theatre groups.”

So, what are you waiting for? Be a part of this unforgettable journey into the heart of Indian theatre and witness these captivating stories explode on stage! Secure your seats and let the drama unfold!