Archives September 2024

2nd September 2024: Discover StoxBox’s top 3 investment picks designed to capitalize on market trends and deliver exceptional returns. From promising technical setups to solid fundamental strength, these recommendations offer lucrative opportunities to enhance your portfolio. Dive into the details and make informed investment choices today!

1) Power Finance Corporation (PFC )

Power Finance Corporation Ltd. (PFC), currently trading at a market price of 539, is set for a promising investment opportunity. StoxBox recommends a target price of 600 and suggests a stop loss at 507, with a strategic time frame of 2 months. Established in 1986 and owned by the Ministry of Power, Government of India, PFC plays a vital role as the financial backbone of the Indian power sector.

Following a profit booking at its highs of 580, PFC has retraced to a key demand zone around 480, where significant buying interest has emerged. This sets the stage for a compelling rebound. With its established market position and strong fundamentals, PFC offers an attractive risk-reward profile, making it a standout choice for investors looking to capitalize on a potential uptrend.

2) Wipro

Wipro Ltd., trading at 535, is poised for growth with a target price of 612 and a stop loss at 508 over 2 months. As a global leader in IT and consulting, Wipro is showing a classic cup and handle pattern, indicating a trend reversal and growth potential. With the stock reclaiming its 50-day moving average as strong support, Wipro offers a low-risk, high-reward opportunity for investors looking to benefit from its next growth phase.

3) Welspun Living

StoxBox recommends Welspun Living as an attractive investment option, currently trading at 208 with a target price of 245 over a 1-year period. A major player in the global home textiles market, Welspun Living is well-positioned for robust long-term growth. The company’s extensive product portfolio and strong distribution network enable it to capitalize on industry tailwinds, including PLI schemes and the China +1 strategy. Despite geopolitical challenges, Welspun Living’s strategic focus on green energy and a significant 48% debt reduction since FY20 highlight its financial strength. Welspun Living’s commitment to sustainable growth makes it a prime candidate for delivering solid returns over the next year.

StoxBox’s recommendations blend technical insights with strong fundamental analysis, offering investors well-rounded opportunities to enhance their portfolios. Consider these picks for a strategic advantage in your investment journey.

2nd September 2024: Rotary Club of Garden City recently conducted the installation of its new President and Board of Directors for the Rotary year 2024-2025. The ceremony was held at the Goregaon Sports Club, Mumbai, and was meticulously managed by the Sergeant-At-Arms, Rtn. Tushar Pandya.

The presence of the District Governor, Rtn graced the event. Chetan Desai and several other esteemed District dignitaries honoured the occasion with their presence.

The newly elected President, Rtn. Priyanka Talreja, supported by Club Secretary Rtn. Nikhil Kedia, will lead the club, focusing on community service, diversity and inclusion, education, healthcare, and environment and sustainability. The new Board of Directors, composed of dedicated Rotarians, will support the President in driving the club’s mission to serve the community. As a part of this event, the RCGC team donated to the plantation of 121 trees to positively impact the environment.

Rotary Club of Garden City, part of Rotary International, is committed to making a difference in the community through various service projects and initiatives. The club looks forward to continuing its work under the new leadership and invites all members and well-wishers to join in this celebration.

As part of its commitment to nurturing future leaders, RCGC is also proud to announce that it will sponsor the newly formed Rotaract Club of Future Varsity Education, empowering students to engage in community service and leadership development.

National, 2nd September 2024: Leaving viewers intrigued with a captivating sneak peek, JioCinema Premium unveiled the intense trailer for its upcoming original Khalbali Records, a musical drama that explores the evolving dynamics between indie and commercial music, set against a father-son rivalry. Premiering on September 12th, Khalbali Records boasts of a stellar ensemble cast, that includes power-house performers such as Ram Kapoor, Skand Thakur, Saloni Batra, Salonie Patel, and Punjabi rapper Prabh Deep in pivotal roles, along with appearances from renowned names including EPR, Kumar Varun, and more from across the music world. Directed by Devanshu Singh, the series brings alive its core theme of music through soulful soundtracks produced by the ace composer Amit Trivedi along with unique indie hip-hop tracks by Azadi Records.

Khalbali Records follows the journey of Raghav, a talented music producer working at his father’s prestigious record label, Galaxy Records. After a tragic event shakes his world to its core, Raghav becomes increasingly disillusioned with the way his father’s company operates and its lack of genuine support for artists. Determined to create a new record label that truly values and nurtures its artists, Raghav makes the bold decision to leave Galaxy Records and start anew. However, his journey is fraught with significant challenges, including fierce competition from his own family, especially his ruthless father, who is unwilling to let go of his control and power within the music industry. Raghav’s struggle to build a label that stands for artistic integrity and innovation becomes a profound and personal battle, testing his resolve and resilience at every turn.

Speaking about his experience, lead actor Ram Kapoor says, “Khalbali Records offers a fresh perspective on the music industry, highlighting the power struggle between indie artists and commercial labels, and capturing the essence of the rising indie wave! As a self-confessed music -lover, I immensely enjoyed being a part of a series where music isn’t simply an add-on, but infact a central character taking the narrative forward. I was instantly drawn to the complex father-son relationship of my character, which allowed me to explore multiple layers of emotion and portray a figure who is ambitious, successful, and deeply flawed.”

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Amit Trivedi, the music producer of the show said, “Khalbali Records is not just a series; it’s a musical journey with each note carefully chosen to reflect the myriads of emotions captured in the narrative. It’s not often that we find a show that places music at the very heart of its storytelling. It inspired me to create a soundtrack in collaboration with Azadi Records that reflects the intensity of the emotions experienced by the protagonists. It took us weeks to ensure that each note and melody was the best we could do and matched the emotions in the script.”

Prabh Deep, a prominent figure in the Indian rap scene, is making his acting debut with Khalbali Records. Commenting on the project, he shared, “I was deeply impressed by the script and storyline. As an artist, I immediately resonated with the show’s portrayal of the industry’s upheaval, with emerging genres and formats challenging traditional norms. I’m thrilled to be part of a series that puts quality music at its heart, though I’m a bit nervous about the audience’s reaction—it reminds me of the excitement I felt when I released my first song, a moment I cherish deeply.”

Witness a musical face -off unlike any other with Khalbali Records as it premieres on 12th September, exclusively on JioCinema Premium!

Mumbai, 2 September 2024: In a strategic move to augment its global presence, Primus Partners Pvt Ltd – India’s leading home-grown consultancy firm – today announced the opening of its new office in UAE. The strategic decision highlights Primus Partners’ commitment to providing its service delivery and engagement in major Middle Eastern markets.

The UAE office will be established as a wholly-owned subsidiary of Primus Partners India, marking a significant step in expanding its footprint into international jurisdictions under the aegis of Mr. Nader Haffar as Director. With over 30 years of experience in professional services and management consulting across global, regional, and local markets, Mr. Haffar brings a wealth of knowledge and expertise to his role.

The establishment of the new office aligns with the recent MoUs (Memoranda of Understanding) signed between India and the UAE, covering crucial areas such as bilateral trade, energy cooperation, infrastructure development, cultural exchange and people-to-people initiatives. Furthermore, the recent enactment of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) has created a robust framework for future collaboration between the two nations.

Honourable Prime Minister Modi’s 7th visit to the UAE has been instrumental in laying the groundwork for these significant trade interventions. As of FY2022-23, the UAE was India’s third-largest trading partner and second-largest export destination. India is the UAE’s second-largest trading partner, with bilateral trade reaching US$85 billion. These developments are poised to drive the two countries towards the ambitious goal of US$100 billion in bilateral trade, potentially achieving this milestone well before 2030.

Nilaya Varma, Co-Founder & CEO of Primus Partners, stated, “Expanding into Dubai represents a pivotal step in our strategic vision to forge deeper, more impactful partnerships in the region. As UAE increasingly asserts its role as a major player in the global economy, we see tremendous potential to drive innovative solutions and thought leadership within this market. This expansion enhances our ability to deliver tailored, high-value services to clients and positions us to capitalize on emerging opportunities across segments. Moving ahead, the focus will be on leveraging our presence to spearhead transformative projects and solidify our role as a leading advisor in the region.”

Nader Haffar, Director of Primus UAE, commented, “Our new office in UAE will play a vital role in steering key regional projects. By leveraging initiatives such as IMMEC and I2U2, we are not only contributing to global trade dynamics but also positioning ourselves to spearhead innovations that address critical areas such as infrastructure and sustainable development. Our objective is to harness these opportunities to create lasting economic and environmental impacts.”

Davinder Sandhu, Co-Founder & Chairperson of Primus Partners, added, “With our recent office launch in Chennai marking a major milestone, expanding into UAE and KSA represents the next strategic step in this journey. Both countries are leading a new era of economic collaboration and innovation. This expansion is more than just a geographical move as it places us at the epicentre of transformative projects that will drive sustainable development and economic progress across the region. We will leverage our expertise to contribute meaningfully to the dynamic growth of the Middle East.”

In the past two years, Primus Partners has doubled its workforce, showcasing a commitment to excellence and innovation. The launch of the new office in UAE marks a strategic growth milestone, paving its path for future advancements. With robust expertise in key policy areas, the new establishment will strengthen its thought leadership, enabling the firm to leverage its expanded capabilities. Together with its new partner, the firm will drive transformative change and shape the future of consultancy across critical sectors.

September 2, 2024: Airtel, MediaTek and Nokia today announced the successful completion of trials that efficiently combine TDD and FDD mid-band spectrum on a time basis utilising the latest generation chipset. The trial aimed at maximising the uplink performance was conducted at Airtel’s tech lab and achieved uplink speeds of 300 Mbps, setting a new benchmark in 5G network performance. It underscores Airtel’s commitment to providing innovative solutions that meet the ever-growing demands of a connected world.

The trial enhanced UL speeds by aggregating frequency bands of 3.5 Ghz (n78) and 2.1 Ghz (n1), a groundbreaking innovation that significantly improves the uplink performance for demanding use cases by dynamically switching the uplink transmission across two carriers in TDD and FDD spectrum more efficiently. The innovative UL Tx switching promises faster connectivity, enhanced user experience, and improved network efficiency, catering to high-demand use cases such as video conferencing, live streaming and large file uploads.

Randeep Sekhon, Chief Technology Officer, Bharti Airtel said, “At Airtel, continuous innovation remains the bedrock of all our product and service offerings. This trial not only stands testament to our philosophy of enhancing our state-of-the-art network infrastructure and delivering an unmatched 5G user experience but will also greatly enhance our network’s uplink performance, resulting in faster data speeds and improved connectivity.”

Dr. Ho-Chi Hwang, General Manager of Wireless Communication Systems and Partnerships at MediaTek, said: “We are thrilled to collaborate with Bharti Airtel and Nokia on this groundbreaking trial in India where our Dimensity 5G mobile platform played a crucial role in achieving the highest uplink speeds on Airtel’s 5G network. This partnership underscores our commitment to delivering cutting-edge technology that enhances the connectivity experience for users”

Tarun Chhabra, Country Manager and Head of Mobile Networks Business at Nokia, India, said: “We are proud to partner with our long-term partner Airtel on this ground-breaking project. Uplink Tx switching will pave the way for superior 5G networks, enabling seamless data transfer in mobile devices and driving demand for data-intensive applications like XR. We congratulate Bharti Airtel for achieving this milestone and pushing the boundaries of connectivity to new realms.”

For this advanced trial, Airtel used equipment from Nokia’s next-generation 5G AirScale radio portfolio while MediaTek provided its Dimensity 5G mobile platform as the user equipment.

Mumbai, September 02, 2024: HDFC Bank, India’s leading private sector bank, and JLR India have signed a Memorandum of Understanding (MoU) for auto financing. The Bank will now be JLR’s preferred vehicle financier. This will bring a host of benefits for consumers such as special financing schemes, exclusive offers/ events, and priority services / engagements.

By leveraging the combined strengths of both brands, the aim is to provide customers with seamless financing options and a modern luxury car buying experience. The MoU which encompasses offerings for the entire range of JLR models, was signed by Mr. Rajan Amba – Managing Director JLR India and Mr. Arvind Vohra – Group Head, Retail Assets HDFC Bank. Present on the occasion were other senior executives from HDFC Bank including Mr. Akhilesh Kumar Roy – Business Head, Auto Loans & Inventory Finance HDFC Bank.

The services will be available across all JLR exclusive showrooms and dealerships.

Speaking on the development, Mr. Arvind Vohra, Group Head – Retail Assets, HDFC Bank said, “We are excited about this partnership with an iconic and aspirational automotive brand like JLR. The Bank will leverage its robust execution capabilities to offer a seamless customer experience.”

Mr Rajan Amba, Managing Director, JLR India said, “Our dealer partners are integral to our business, and we are pleased to be able to develop solutions to help them in ease of doing business.”

“Together, we aim to further grow the market and offer our portfolio to an increasing set of clients. To that effect, we are excited to partner with HDFC Bank for this financing program, which will further strengthen the access of our dealer partners to increased working capital. By integrating HDFC Bank’s expertise and extensive reach, we aim to offer our clients a tailored range of financial choices that cater to their individual needs.”

Mr. Akhilesh Kumar Roy, Business Head, Auto Loans & Inventory Finance HDFC Bank, said, “The coming together of the two organisations will elevate the car buying experience. Customers will now enjoy a host of tangible and intangible benefits.”

Mumbai, September 2, 2024: Mankind Pharma, one of India’s leading pharmaceutical companies has announced its entry into the topical analgesic market through its consumer business division. The company is introducing Nimulid Strong, a revolutionary gel and spray formulation specifically designed to address neck pain, a condition that significantly impacts overall body function.

Nimulid Strong boasts a unique selling proposition of containing 2X diclofenac concentration, promising faster relief for consumers suffering from neck pain. This strategic move is in alignment with Mankind Pharma’s commitment to expanding its consumer healthcare portfolio and addressing critical pain management needs.

The launch is accompanied by a compelling video campaign titled #GardanHilaateRaho that highlights the cultural significance of neck movements in Indian communication. The campaign, voiced in Hindi, intertwines the importance of unrestricted neck movement with the efficacy of Nimulid Strong in alleviating neck pain. Therefore, to address the problem, the brand came up with a powerful campaign of Nimulid Strong that focuses on “Kaam Chalate Raho, Gardan Hilaate Raho.”

The video narrative ingeniously connects various scenarios where neck movements play a crucial role in non-verbal communication, from expressing anger and love to showcasing progress and even celebrating national victories. It emphasises how Nimulid Strong, with its powerful 2X diclofenac formulation, ensures that neck pain doesn’t hinder these essential interactions.

Joy Chatterjee, Vice President, Sales and Marketing Head, Consumer Business Unit, Mankind Pharma Ltd, shared, “Our entry into the topical analgesic market with Nimulid Strong marks a pivotal moment for Mankind Pharma’s consumer business. By focusing on neck pain, which can severely hinder daily life, we aim to empower millions of Indians to live and communicate more freely. Our innovative 2X diclofenac formulation, paired with a resonant video campaign, showcases how integral neck movements are in daily interactions. The campaign’s message, ‘Gardan dard ka specialist’ (Specialist in neck pain), positions Nimulid Strong as the go-to solution for this specific, yet widespread problem.”

Nimulid Strong will be available in both gel and spray variants, offering consumers flexibility in application. The product is set to be distributed across pharmacies and modern trade outlets nationwide, supported by an extensive marketing campaign across various media platforms.

With the topical analgesic market in India valued at ₹1488 crore, according to IQVIA, Mankind Pharma’s launch of Nimulid Strong arrives at a pivotal moment. This strategic move aligns with the company’s commitment to delivering high-quality, affordable healthcare solutions. By focusing on specific pain management needs, Nimulid Strong represents a significant advancement in Mankind Pharma’s consumer healthcare segment, positioning the company to capture a substantial share of the expanding market through its established distribution network and strong brand reputation.

New Delhi, 2nd September 2024: BITS Pilani, a renowned institution known for its commitment to innovation, has announced the appointment of Prof Souri Banerjee as the New Director for their Dubai campus. He assumed his role in August 2024 and will be serving as the Director for the next 5 years. He took over from Prof Srinivasan Madapusi who has served as director of Dubai Campus since July 2021.

Professor Banerjee began his career at BITS Pilani, Pilani campus in 2004. In 2008, he became the founding Department Head of Physics at the Hyderabad campus. Prior to being appointed Dean of Faculty Affairs in 2018, he worked for the institute for five years as the Associate Dean of Faculty Affairs in 2013, overseeing all faculty affairs at all BITS Pilani locations.

He has served in several postdoctoral positions at the University of Electro-Communications and Tokyo Institute of Technology, Japan, and was a Visiting Professor at the University of Electro-Communications. He also served as a Research Scientist at the Central Research Laboratory, HITACHI, Tokyo.

Welcoming Professor Banerjee to BITS Pilani, Professor V. Ramgopal Rao, Vice Chancellor for BITS Pilani, said, “We are pleased to have Prof. Souri Banerjee on board and wish him all success in his new assignment. I am confident that his leadership and expertise will be instrumental in further enhancing our academic programs and research initiatives.

He further added, “I also take this opportunity to thank Prof Srinivasan Madapusi who has been extremely successful in his tenure. With his dynamic leadership, the campus has achieved significant milestones and grown manifold, taking the campus and BITS Pilani to greater heights.”

Professor Souri Banerjee obtained his Ph.D. in Condensed Matter Physics from the Indian Association for Cultivation of Science, Kolkata in 1997. After completing his PhD, he held a small stint at Tata Institute of Fundamental Research (TIFR), Mumbai and was also awarded the prestigious JSPS Foreign Research Fellow two times (2012 & 2018) in recognition of his contributions to device physics.

2nd September 2024, New Delhi– Ferra Comms Welcomes Non Zero and Rrabbit as New Clients, Celebrates Five Months of Success with BENZ Packaging

Co-founded by dynamic young professionals Lakshita Sethi and Smriti Mahajan, Ferra Comms is on its way to make a significant difference in the PR and marketing industry. With over a decade of combined experience, Sethi and Mahajan bring a fresh perspective and innovative strategies to help brands enhance their market presence and achieve their goals.

Lakshita Sethi and Smriti Mahajan shared their enthusiasm about the new partnerships: “We are thrilled to welcome Non Zero and Rrabbit to the Ferra Comms family. Both brands are trailblazers in their respective fields, and we are excited to bring our unique approach to help them reach new heights. Our collaboration with BENZ Packaging has been incredibly rewarding, and we look forward to building on this success with our new clients.”

Non Zero, a leader in providing advanced design technology solutions, and Rrabbit, a cutting-edge fintech company specializing in investment strategies, are both poised for significant growth. The firm’s ongoing work with BENZ Packaging has demonstrated its ability to deliver impactful results. Over the past five months, Ferra Comms has successfully enhanced BENZ Packaging’s brand presence and strategic outreach, setting a high standard for future client collaborations.

Ferra Comms is dedicated to continuing its success and delivering exceptional value to its clients through creative and strategic solutions. The firm looks forward to driving further achievements and making a significant impact in the industry.

Chennai, India – September 02, 2024: Social Beat, one of India’s leading digital marketing agencies, announced winning two awards, Gold and Silver at the Internet Media Awards (IMA) 2024 South Edition for its campaigns for Samsonite and Shobitam.

The IMA South Edition is a highly regarded platform that awards excellence in digital marketing across various categories. Social Beat’s innovative strategies and creative excellence was recognised for the following categories:

Silver Award: Best Digital Campaign – Samsonite
Social Beat’s ‘Tested like Samsonite’ campaign exemplified creativity, strategic thinking, and a deep understanding of the brand’s core values. The campaign was a tribute to those individuals who demonstrate immense strength and resilience while facing life’s challenges by drawing parallels between such individuals and the rigorous tests of strength and durability each product at Samsonite undergoes.

 Gold Award: Best Use of Social Media – Shobitam
The Shobitam campaign was a well-crafted blend of influencer partnerships, user-generated content, and targeted advertising. The campaign significantly boosted brand awareness and sales by showcasing Shobitam’s unique offerings in ethnic wear, and building a vibrant community online of fashion enthusiasts in the USA & Australia region.

 Vikas Chawla, Co-founder, Social Beat, said, “Winning two Awards at IMA 2024 South Edition is a proud moment for all of us. These awards are a testament to the creativity and dedication of our teams. We are grateful to our clients, Samsonite and Shobitam, for their trust and collaboration. We remain committed to pushing the boundaries of digital marketing and delivering impactful campaigns that drive real results.”

Social Beat’s dual victory at the IMA 2024 South Edition is a reiteration of its reputation for creative excellence in the digital marketing industry.