Archives July 2024

31 July 2024, New Delhi: Lectrix EV, the electric mobility arm of SAR Group and a key player in sustainable mobility solutions, is excited to announce the launch of the LXS 3.0 scooter following the success of LXS 2.0. This model is powered by a 3KwH Li-ion LFP battery pack which gives you a range of 130 km* (IDC) on a single charge. This range is tailored to eliminate the hassle of daily charging, providing enough power for most use cases and offering peace of mind for consumers.

The scooter is designed to provide an unparalleled riding experience, it combines style, comfort, and durability to meet the needs of modern commuters.

This upgraded version is packed with advanced features such as a 1200W motor and a digital speedometer, achieving a top speed of 54 km/h. The tubeless tires and quick acceleration of 10.5 seconds from 0 to 40 km/h ensure a smooth and efficient ride. Despite its powerful performance, the LXS 3.0 maintains a lightweight profile ensuring both power and ease of use. The vehicle has undergone rigorous testing to ensure its durability under Indian conditions.

Pritesh Talwar, President, of EV Business, Lectrix EV, said, “The launch of the LXS 3.0 marks a significant advancement in our product line. This upgraded model completes our portfolio by spanning the full spectrum from slow speed to high speed and from low range to high range, showcasing our unwavering commitment to innovation and excellence in electric mobility.”

The LXS 3.0 is available for booking, with deliveries scheduled to begin from 1st Aug’24. The product will be available across all Lectrix dealerships pan-India.

Hyderabad; 31 July 2024: – Tasva, the Indian menswear brand by Aditya Birla Fashion and Retail Ltd. and celebrated designer Tarun Tahiliani, proudly announces the grand opening of two new stores in Hyderabad, located in AS Rao Nagar and Himayat Nagar. This significant event underscores the brand’s unwavering commitment to providing incomparable fashion and lifestyle choices to its discerning customers.

Strategically located in AS Rao Nagar and Himayat Nagar, these new stores are designed to cater to the sophisticated tastes of the city and its surrounding regions. Featuring a diverse array of meticulously curated wedding and occasion wear, the stores offer a fresh perspective that seamlessly blends comfort with sophistication.

Reflecting on the unveiling of the new store , Tarun Tahiliani, the Chief Design Officer,- said, “Tasva has been a long-held dream of mine, made possible by Aditya Birla Fashion and Retail. The name itself represents the finest version of oneself, which we have worked hard to accomplish through the brand. For the longest time, I’ve heard that ethnic wear is uncomfortable, and Tasva is an attempt to rectify that. We have designed garments that provide our consumer, the Indian Man, with a fabulously made, internationally inspired collection.”

Commenting on the launch, Ashish Mukul, Brand Head, Tasva, remarked, “Tasva has significantly built a strong customer connection with its best-in-class product offering and unique store experience for men’s ethnic wear. With a complete product offering across Indian occasions, wedding wear apparel and accessories for men, we believe a strong market like Hyderabad offers tremendous potential for us to take this brand to many more shoppers.”

The opening of these new locations marks a pivotal moment in Tasva’s growth, highlighting its dedication to offering unparalleled fashion and lifestyle products. The AS Rao Nagar store spans an impressive 4,780 sq. ft., while the Himayat Nagar store covers 4,823 sq. ft. Both locations showcase an extensive range of kurtas, bundis, sherwanis, bandhgalas, achkans, churidars, aligarhis, as well as accessories including safas, brooches, pocket squares, shawls, stoles, mojaris, and more. The elegant store ambience perfectly complements the exceptional collection. Tasva’s team of knowledgeable stylists is dedicated to understanding each customer’s unique preferences, ensuring personalized assistance at every step. The latest addition of dinner jackets embodies a seamless fusion of sleek lines, asymmetrical cuts, and avant-garde embellishments.

Each garment reflects Tarun Tahiliani’s signature style, meticulously crafted with unparalleled attention to detail to achieve the perfect Tasva fit. Tasva proudly utilizes a selection of fabrics such as silk, banarasi brocade, velvet, and cotton, celebrating the rich heritage of Indian textiles. Traditional embroidery techniques including zardozi, aari, chikankari, and gota work are intricately woven throughout the collection, marrying the elegance of Indian craftsmanship with contemporary silhouettes for the global Indian.

Chennai, July 31, 2024: The Board of Directors of Five-Star Business Finance Limited, has declared its unaudited financial results for the quarter that ended June 30, 2024.

This is a very special quarter for Five Star as we touched the 5-digit AUM for the first time – we crossed the AUM of 10,000 Crores in this quarter. Five Star continues its journey of strategic and execution excellence which is reflected across the various verticals – business, credit, collections, fundraising, technology, risk management, etc.

Barring the marginal impact of heat and elections, the quarter saw robust momentum across various aspects. During this quarter, we disbursed Rs 1,318 Crores of loans which is almost flat to the previous quarter. On a Y-o-Y basis, we registered a disbursement growth of 16%. We added 27 branches during Q1FY2025, leading to a strong branch network of 547 branches across 9 states and 1 union territory.

On the collections front, we saw a good set of numbers for Q1. We had a collection efficiency of 98.5% and unique customer collections came in at 97.2%. There was a marginal increase in gross NPA by 3 bps from 1.38% in Q4FY24 to 1.41% and in 30+ by 22 bps from 7.89% in Q4FY24 to 8.11% being a typical Q1 phenomenon.

During the quarter, we also raised incremental debt sanctions of Rs 850 Cr availing Rs 825 Cr. We were able to obtain a large ticket sanction from IFC, one of the largest DFI across the globe. IFC subscribed to our NCDs for a quantum of INR 500 Cr. We are progressing well on our intent to diversify our borrowing sources with the proportion of our borrowing from banks dropping from 84% as of June’23 to 74% as of June’24. The cost of funds on the book has almost remained flat at 9.65% for the quarter. We continue to have robust liquidity on the balance sheet of Rs 1,891 Cr along with unveiled sanctions of Rs 400 Cr.

We continued to grow consistently and delivered an AUM growth of 36% y-o-y. PAT for Q1FY25 grew at 37% as compared to Q1FY24, with one of the best ROA and ROE ratios.

Key Highlights for Q1FY25:

Distribution:

1. The Company has increased its branch presence to 547 branches across 10 states / UT.
2. During the quarter, the company opened 27 new branches.
3. Disbursals – The Company disbursed an amount of Rs 1,318 Cr, up by 16% on a y-o-y basis and marginally down by 1% on a q-o-q basis.

Assets under Management:

1. AUM as of June 30, 2024, ended at Rs 10,344 Cr, a growth of 36% on a y-o-y basis and 7% on a q-o-q basis.
2. AUM is well distributed across 0.41 mn active loans

Collections & Asset Quality:

1. Collection efficiency for the quarter stood at 98.5%. Unique customer collection efficiency for the quarter stood at 97.2%.
2. 30+ DPD ended at 8.11% as of June 30, 2024.

Provisions:

1. ECL provision carried on books was 170 Cr, which translates to 1.63% of the overall AUM.
2. Stage 3 provision was at 76 Cr leading to a provision coverage ratio on stage 3 assets of 52.08%

Borrowings:

1. Total borrowings including debt securities are at Rs 6,724 Cr as of June’24.
2. The company continues to carry a liquidity of Rs 1,891 Cr as of June’24.
3. The cost of incremental debt during the quarter was 9.47% which improved by 11 bp on a q-o-q basis.
4. The cost of funds on the overall borrowing books was at 9.65%, up by 1 bps on a q-o-q basis.

Financial Performance for the quarter:

1. Total income of Rs. 669 Cr; y-o-y growth of 38%
2. PBT of Rs.336 Cr; y-o-y growth of 37%
3. PAT of Rs.252 Cr; y-o-y growth of 37%
4. ROA at 8.23%; q-o-q decrease of 20 bps and y-o-y decrease of 18 bps.
5. ROE at 18.95%; q-o-q increase of 30 bps and y-o-y increase of 233 bps.

Mumbai, India, 31 July, 2024: Mankind Pharma ,India’s fourth largest pharmaceutical Company  announced its financial results for the first quarter ended 30^th June 2024. The information mentioned in this release is based on consolidated financial statements.

Q1 FY25 Performance Summary

• Revenue from Operations at INR 2,893 Cr, up by 12% YoY
•  Domestic revenue at INR 2,634 Cr, up 9% YoY; Exports at INR 259 Cr, up 62% YoY

• EBITDA margin of 7% with Adj. EBITDA^# margin of 25.2% and PAT margin of 18.8%
• Diluted EPS* of INR 4, up by 10% YoY (FV Re.1)

   Domestic Business

•  Domestic revenue grew 9% YoY and 9.8% YoY (ex-CH)*.
• Secondary sales growth of 10.5% vs 7% IPM growth (1.2x to IPM) supported by
  • strong volume growth of 9% vs 0.4% for IPM
  • out-performance in chronic therapies (1.3x to IPM Chronic)
• Growth partially impacted by
  • delayed season in anti-infectives
  • certain product withdrawals in Q1FY24: normalized from Q2
• Ranked 2¹ by volume with a market share of 1% in Q1FY25 vs 5.9% in Q1FY24.
• Consistently maintained #1 rank over last 7 years with prescription share of 3% in Q1FY25.
• Prescriber Penetration increased to 2% in Q1FY25 vs 82.7% in Q1FY24.

  Consumer Healthcare Business

•  Recovery in revenue with 32% QoQ increase in Q1FY25 supported by faster growth in Modern Trade, E-commerce and Q-Commerce channels.
• Consistently expanding from Pregnancy Care & Sexual Wellness to Consumer Wellness through the launch of Ova News, Nimulid, Rapid News
• Witnessed good traction in Ova News, which has the potential to grow as big as Prega
• Despite heightened competition, our focused campaigns led to sustained leadership positioning of our key brands in their respective

Exports

•  In Q1FY25, witnessed a growth of 62% YoY driven by increase in our base business, and new launches.
• During the quarter, we have launched 2 new products in US taking the total launched products to

Consolidated Profit & Loss Account

Segmental Revenue Break Up

Bangalore, 31 July 2024: In the spirit of further nurturing employee welfare, societal progress, and overall company growth, Toyota Kirloskar Motor (TKM) today announced the signing of a Memorandum of Settlement (MoS) on July 24th, 2024 with its Employees Union. The agreement aims to cultivate a positive work environment founded on the principles of “Mutual Trust and Respect” for all stakeholders.

The MoS, encompassing the issues outlined in the Charter of Demand for the fiscal years 2024-2026, was formally ratified before Dr Manjunath G, Additional Labour Commissioner, Government of Karnataka, senior TKM management, and the Office Bearers & Executive Committee members of the TKM Employees Union.

Strongly backed by Toyota’s values and principles, both parties expressed commitment to work based on a philosophy of Mutual Trust and Responsibility towards promoting maximum flexibility, productivity, and good work-life balance, to ensure the making of the highest quality of products and services. Key provisions of the settlement include:

1. Direct wage increase (for 2 years) for Mid-Batch members, resulting in a Cost to Company (CTC) increase  for over two years.
2. Ex-gratia/Bonus of 25% (90 Days) annual Gross salary.
3. Expansion of Medical Insurance coverage for employees and their dependents.
4. An interest-free loan of Rs.8 Lakhs for Car purchase, among other benefits.
5. Continuous improvement of the workplace to enhance workplace Safety and ergonomics of employees.
6. Sustained efforts from Union and Team Members to continue with flexibility and productivity improvement which is essential for success in the Automobile industry.

Dr. G Manjunath, Additional Labour Commissioner, Government of Karnataka, who presided over the signing of the settlement said “We extend our heartfelt appreciation to Toyota Kirloskar Motor and the Employees Union for their commendable efforts in smoothly arriving at a mutually beneficial settlement. The seamless coordination by both parties has set a remarkable example for Industrial Relations in the State of Karnataka. He also appreciated Toyota’s Philosophy of Mutual Trust & Respect which emphasises the importance of contribution by Employees and thereby achieving successful results leading to recognition by Management with appropriate benefits promptly. We urge TKM and its Employee Union to continue working together towards sustained excellence and contribute to the overall growth of Karnataka.”

Speaking on the occasion, Mr G. Shankara, Executive Vice President, Finance & Administration and Mr B Padmanabha, Executive Vice President, Manufacturing, Toyota Kirloskar Motor reiterated that Toyota Kirloskar Motor remains steadfast in their commitment to creating a positive work environment, providing a good work-life balance as well as ensure well-being and growth of the employees. Over the last 25-plus years in the country, TKM has always worked together with the people to ensure each member’s opinion and contribution are deeply valued & respected. Further, the people are the most valuable assets for which the Company endeavours to foster a stable environment and world-class working conditions balanced with the progress of the company’s vision of “Producing Mass Happiness for all”. Due to commendable joint efforts by both Union and Management, TKM will take a big leap with the introduction of the new plant (Plant-3) within the same campus which will create more job opportunities in the State of Karnataka and ensure growth in India and grow with India.

Mr. S R Deepak, President and Mr. Ravi R, General Secretary of Toyota Kirloskar Motor Employees Union expressed happiness over the successful signing of the Memorandum of Settlement with the Company. As a people-centric company, TKM has always prioritized the welfare and growth of its employees. For the first time in the history of TKM with joint efforts of Union and Management they have set the record for the best settlement in the History of TKM within the fastest 3 months. Also, the Management has recognized the contribution of employees by announcing 90 90-day bonus (25% wage of annual gross salary) and this will help the Union to motivate their employees to do more and contribute to create a harmonious work environment and progress of both the Company and its employees.

Bengaluru, July 31, 2024: Bengaluru-based Katidhan, a fast-growing tech startup working at the intersection of cleantech, agri-tech and wildlife-tech has been felicitated by Government of Karnataka at an event held recently to celebrate the winners of its ELEVATE 2023 grant program. The event was graced by dignitaries like Priyank Kharge, Hon’ble Minister of Electronics, IT BT, Rural Development & Panchayat Raj, Government of Karnataka; Siddharth Pai (3one4 Capital); Prashant Prakash (Accel Partners); Anant Narayan (Mensa Brands), among others, where the Bengaluru Innovation Report 2024 was also launched. At the ceremony, Katidhan’s founder Ayan S R was bestowed the ELEVATE 2023-24 Winner Award, along with a winner’s certificate.

Notably, Katidhan, a Shark Tank India-featured startup, had won a non-dilutive grant last year through the flagship ELEVATE program wherein the Government of Karnataka supports innovative technological startups to convert their ideas to POCs and from thereon scale-up their business models. This grant has proven to be highly beneficial for Katidhan as it continues to build its advanced technological solutions to reduce crop losses in agriculture due to wildlife attacks.

Speaking about the achievement, Ayan S R, Founder & Director, Katidhan said, “We are extremely proud and elated to have won the ELEVATE Grant Award. On this august occasion, I would like to express my heartfelt gratitude and appreciation towards the Government of Karnataka for this fantastic initiative – they’re now one of the only state governments in our country to provide capital support to startups without any equity dilution. Apart from this, they are also supportive of us in providing investor connects, market access programs, tax breaks, global networks and numerous other benefits. No wonder, Bengaluru and Karnataka are undisputedly leading the way in nurturing a conducive startup ecosystem that builds world-class companies from India”.

“The ELEVATE grant has played a pivotal role for us at Katidhan to come out with a basic prototype of our ideas, which in turn indirectly helped us bag a deal on Shark Tank India. In fact, ELEVATE is that stepping stone over which we could climb and manifest bigger heights, and are now on track to launch the working prototype of our upcoming AI-enabled product,” added Ayan.

“Karnataka stands as a beacon of innovation and technological advancement, leading India’s startup ecosystem with remarkable achievements. The state, which hosts a thriving community of innovators, has cemented its reputation as a premier hub for technology and innovation”, commented Priyank Kharge, Hon’ble Minister, Department of Electronics, IT & BT, and Rural Development & Panchayat Raj, Government of Karnataka.

Notably, Katidhan was one of the top 101 startups that were awarded the ELEVATE grant in 2023, out of 15000 applicants from across Karnataka. A total of INR 60 Crore was provided to 263 startups under different programs such as ELEVATE, ELEVATE Call 2, ELEVATE Unnati and ELEVATE Amrita. ELEVATE is the brainchild of Priyank Kharge, who started it way back in 2015, and has been at the forefront of its growth, supporting over 980 startups with grant funding till date.

Earlier this year, Katidhan appeared on Shark Tank India Season 3 and successfully clinched an investment deal from OYO founder ‘Shark’ Ritesh Agarwal. The startup has grown incrementally over the last couple of years, with its innovative solutions having already reached and positively impacted around 2000 farmers across 12 Indian states as of date. Additionally, Katidhan has also established strong GTM partnerships in a bid to ensure that both its current and upcoming products are rapidly scaled across India.

Chennai, July 31, 2024: The Indian Racing Festival (IRF) is set to make history with its inaugural night race at the Chennai Formula Racing Circuit from August 30 to September 1, 2024. This groundbreaking event marks the first night race on a street circuit in India. Over three thrilling days, eight teams will light up the track with their high-speed machines in what promises to be the festival’s most exhilarating and ambitious season yet.

Promoted by Racing Promotions Pvt. Ltd, the IRF strives to tap into a rapidly burgeoning motorsports fanbase in India. To capture the imagination of these fans, the IRF offers two championships: the Indian Racing League (IRL) and the FIA Formula 4 Indian Championship (F4IC). For the petrolheads, this Chennai night race, supported by the Government of Tamil Nadu, promises an unparalleled thrill for the region.

RPPL and the Tamil Nadu government announced the race on July 29 at Chennai’s Taj Coromandel. The event was graced by J. Meghanatha Reddy IAS, Member Secretary of the Sports Development Authority of Tamil Nadu, and Akhilesh Reddy, Chairman & Managing Director of RPPL. They were joined by former Formula 1 driver Narain Karthikeyan, Dr. Atulya Mishra IAS, Additional Chief Secretary, SDAT, and FMSCI President Akbar Ebrahim. Also present were RPPL Director Abhinandan and rising stars in the racing world, Formula 4 drivers Mohammed Ryan and Sandeep Kumar.

Termed as the Detroit of Southern Asia, Chennai is the country’s motorsports hub. While the metropolis boasts other race tracks and has held multiple race events in the past, the upcoming night race will add additional glory to its rich motorsports heritage and excitement to its burgeoning reputation as the center of all the high-octane action.

A 3.5-kilometre stretch, the Chennai Formula Racing Circuit was made by RPPL in collaboration with the Sports Development Authority of Tamil Nadu (SDAT). The competing speedsters zoom through the heart of India’s motorsports capital at breathtaking speed, within view of the iconic Marina Beach. The track commences at the Island Grounds and weaves past several key landmarks before rounding back to the starting point. Nineteen turns, multiple chicanes, and tricky elevations punctuate long stretches of the tarmac, keeping both drivers and fans on their toes.

As the motorsports fanbase in India grows to new heights, Chennai evolves with it. A dream destination for true petrol heads, India’s motorsports capital will now fall in line with the likes of Singapore and Saudi Arabia, offering a distinct and tantalizing street circuit that will light up under the city lights at night.

“We extend our heartfelt gratitude to the Tamil Nadu government for their exceptional leadership and steadfast backing in making this landmark event possible. Their unwavering support has been crucial in bringing India’s first-night street race to Chennai. This ground-breaking event will offer fans a thrilling new perspective and present drivers with unique challenges in a stunning setting.

We are confident it will further establish Chennai as the premier destination for motorsports enthusiasts across the country and inspire a new wave of interest in the sport, which India will experience for the first time,” says Akhilesh Reddy, Chairman & Managing Director of RPPL.

“I assure you that this race will set a new benchmark for motorsports and serve as a dynamic showcase of India as a premier destination for global events. This thrilling spectacle will not only highlight Chennai’s exceptional capabilities but also attract international drivers, positioning India as a top choice for future motorsports competitions in the coming times” he further added.

The Chennai night race will mark another first for the Indian Racing Festival, which is the foremost event in the motorsports world to offer a gender-neutral racing championship.

The six-franchise team league is approved by FMSCI (Federation of Motor Sports Clubs of India), making it the most trusted and authentic race destination in the country. Meanwhile, the FIA-certified Formula 4 Indian Championship is an open-wheel, single-seater racing event that has begun attracting young, talented, and aspiring drivers from across the country, as well as around the world.

The Indian Racing Festival has also seen the support of heavyweights like Indian sporting great Sourav Ganguly and Bollywood star Arjun Kapoor as Team Owners, while many more are lined up to join the IRF’s exhilarating racing roster and make it one of the most sought-after sporting properties in India.

The latest, adrenaline-fueled season of the IRF gets underway with pre-season testing on August 22 and 23, followed by the opening round on August 24 and 25 at the Madras International Circuit ahead of the much anticipated night race for Round 2, starting August 30, 2024. Eight teams are confirmed to participate in the event with Kolkata and Ahmedabad joining seasons one and two stalwarts Delhi, Kochi, Goa, Chennai, Hyderabad, and Bengaluru at the tracks.

Fischer Medical Ventures Ltd (Fischer MV), a pioneering force in the healthcare industry, confirmed its investment and collaboration with Bio Angle Vacs Sdn Bhd (BAV), a leading Biotechnology company in Malaysia that develops, manufactures and distributes vaccines to small and large-scale farming owners worldwide; focusing on health and disease prevention for livestock and aquaculture. BAV have to date secured a total of USD 83 million annual sales contracts from China, Nigeria, Kenya, Chad, Uganda, Uzbekistan and Indonesia for its range of innovative, sought-after animal vaccines.

Fischer MV (formerly known as Fischer Chemic Ltd) is known for its affordable and high quality medical diagnostic and imaging technologies, by leveraging cutting-edge innovations and AI-powered software solutions in healthcare. As the first company to indigenously manufacture advanced Magnetic Resonance Imaging (MRI) systems in India, Fischer MV also owns a diverse portfolio of breakthrough diagnostic solutions and AI healthcare platform. Moving into preventative healthcare for livestock and aquaculture with BAV shows its commitment to improve healthcare through greater food security. Fischer MV is making plans with BAV to establish a production facility in India to serve the local and Middle Eastern markets where livestock populations are top on the world’s list.

Founded in 2013, BAV has revolutionized the animal vaccination industry with its ground-breaking delivery methods that prioritize quality, safety, and efficacy. Its flagship innovation, the Spray Technology Vaccine (STVAC), was developed and patented by BAV’s founder, Prof. Mohd Zamri Saad, in collaboration with scientists from the Faculty of Veterinary Medicine at Universiti Putra Malaysia (UPM). STVAC leverages advanced recombinant technology and intranasal administration to elicit both mucosal and systemic immune responses, demonstrating enhanced protection for small ruminants, especially goats and sheep, against bacterial infections with high mortality rates. Pneumonic Pasteurellosis (pneumonia) commonly affects 30% – 60% of global goat and sheep populations can be effectively managed through vaccination, however traditional injectable vaccines requiring vet to administer are costly, time-consuming, labour- intensive and stressful for animals. In contrast, BAV’s STVAC intranasal spray method minimizes stress for animals, reduces costs and simplifies the vaccination process by any handlers, hence more accessible for farmers. STVAC is tested to enhance protection of goats and sheep from pneumonia, reducing mortality rates significantly to below 5%.

In addition to STVAC, BAV has developed several other innovative solutions. VIVAC aqua-feed is a Vibrio vaccine that provides cross-protection against a range of pathogenic Vibrio spp. prevalent in Asian marine fish cultures. Administered effectively through fish feed, VIVAC addresses the challenges faced by small and medium-sized fish farmers who struggle with labour-intensive and costly injectable vaccines. AQUABOOSTER is an oral feed vaccine that offers cross-protection against multiple species of pathogenic Streptococcus spp. and Aeromonas spp. prevalent in freshwater fish farming across Asia. AQUABOOSTER has been shown to significantly increase survival rates by 60-90%. SEABIOBROWN is a symbiotic feed enhancer for shrimp health, combining prebiotics and probiotics to help prevent acute hepatopancreatic necrosis disease (AHPND) and vibriosis outbreaks, which contribute to early mortality syndrome (EMS) in shrimp. Aside from vaccines, BAV is also expanding into other animal-related products such as disinfectants, antiseptics and treatment.

Data from Food and Agriculture Organisation (FAO) of the United States shows: Global animal vaccines market size value USD18.8 billion in 2024; Aquaculture vaccine market size is over USD 201.5 million in 2020 and estimated to grow at 4.3% CAGR to 2027 driven by increasing incidence of bacterial infections in various fish species; Global freshwater fish market is evaluated at USD149.895 billion for the year 2019 and projected to grow to USD183.544 billion by the year 2026. BAV’s state-of-the-art facility in Malaysia, the first bacteria-based GMP-accredited facility in Southeast Asia is fully functional now to manufacture its range of vaccines to fulfil their huge annual orders pipeline. BAV is rolling out its expansion plans globally with Fischer MV, starting from India where both livestock and marine population leads the world.

Mr. Ravindran Govindan, Executive Chairman & MD of Fischer MV, announces the collaboration with confidence: “This collaboration with BAV is our commitment in food security, starting from India with the 2nd largest sheep & goat population of about 223 million, and where food security is a growing issue. With Fischer MV’s expertise in MedTech solutions, robust resources, and strategic network, we look forward to bring BAV’s ground-breaking, cost-effective animal vaccines and products to the rest of the world to improve our food safety.”

Ms. Noor Shazreena Ishak, CEO of BAV is elated to partner Fischer MV: “In view of the growing demand for preventive healthcare in the animal world, we are committed to offer easy, cost-effective and, trustworthy solutions to relief the stress of our livestock and aquaculture and greatly improve the ROI of farmers. Through this collaboration with Fischer MV, we will have stronger science, tech and marketing support to meet the global demand for quality and affordable animal vaccines, and ultimately help reduce the burden of animal diseases worldwide.”

This partnership with BAV represents a pivotal moment for Fischer MV to advance its mission to strengthen global food security and health. Fischer MV is committed to take a major step towards ensuring world’s food supply remains safe and resilient, directly contributing to better healthcare and healthier lives for people everywhere.

Bangalore, 31 July 2024 — The International Centre for Theoretical Sciences (ICTS) hosted a public lecture titled The Dynamic Night Sky by Prof. Shri Kulkarni, the 2024 Shaw Prize winner for Astronomy. Supported by the Murty Trust, the event attracted over 400 attendees on Sunday, 28 July 2024, at the nearly century-old Bangalore Town Hall.

Prof. Kulkarni, originally from Karnataka, is the George Ellery Hale Professor of Astronomy and Planetary Science at Caltech. He began his lecture with a brief welcome in Kannada, specifically acknowledging the surprise of meeting his childhood school teachers and classmates in the audience. Moving on to his style of research and its outcomes, he discussed physics versus phenomenology and the groundbreaking discoveries of the Zwicky Transient Facility (ZTF), a state-of-the-art robotic camera at Caltech’s Palomar Observatory. Prof. Kulkarni’s talk shed light on the development of the ZTF, its role in exploring the optical night sky, and how advancements in astro-informatics, machine learning, and AI are revolutionizing the study of dynamic cosmic phenomena. After his talk, there was a flurry of audience questions about his work, especially on the life and death of stars. Additionally, Prof. Kulkarni was pleased to answer questions about his childhood in Hubli and his early days as a researcher at IIT Delhi. He encouraged the younger generation to follow their hearts in seeking self-awareness and making the best career choices for themselves.

The audience comprised a diverse mix of astronomy enthusiasts, students, researchers, and the general public. The event was free of charge, and refreshments were served after the talk. Shuttle transportation from the Majestic Metro Station was a popular option for attendees.

The International Centre for Theoretical Sciences (ICTS) is an initiative of the Tata Institute of Fundamental Research (TIFR) that aims to foster scientific research and promote education in the theoretical sciences. The Murty Trust aims to support the restoration of nature, preservation of culture, and advancement of science, all towards the benefit of Indian society.

India, July 31, 2024 – Encora has announced plans to expand and strengthen their existing strategic relationship with Cloud Software Group. The partnership includes product development and engineering services under a managed services model, supporting the evolving needs of CSG’s global businesses.

As part of the existing partnership, Encora has established and operates a TIBCO Center of Excellence (CoE) and Academy in India. The TIBCO CoE employs over 350 engineers across technologies, who contribute to the development, quality assurance, and support for the TIBCO platform and other key products.

With the intent to build on the existing strategic relationship, Encora and Cloud Software Group have expanded the scope of engagement to include extended product engineering and support.

Commenting on the new scope of partnership with Encora, Andy Nallappan, Chief Operating Officer, Cloud Software Group, said:

As leaders in enterprise software and digital engineering, Cloud Software Group and Encora are natural partners, well-positioned to deliver impactful enterprise solutions. By drawing on their experience working with digital natives as well as enterprises and combining agility with technological maturity, Encora is bringing new impetus and innovation to our product development and support initiatives. We look forward to continued collaboration across different technology domains.

Speaking about the partnership with CSG, Anand Birje, Chief Executive Officer, Encora, said:

We are excited to extend our strategic partnership with the Cloud Software Group, and the opportunity to drive innovation for global enterprises at scale through CSG’s comprehensive enterprise product suite. We expect Encora’s digital engineering capabilities combined with Cloud Software Group’s expertise and experience in enterprise software to continue powering digital-led transformation for enterprises across the globe.