Archives November 2024

Chennai, India – November 9, 2024: LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a global data analytics, consulting, and solutions firm, today announced its financial results for the second quarter of FY25, ended on September 30, 2024.
Commenting on the results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said,

“We are pleased to announce the 7th sequential quarter ofi revenue growth, delivering ₹2,090 Mn in revenue and 34.2% growth compared to Q2FY24. The acquisition ofi Decision Point Analytics has concluded and integration ofi the GTM and delivery teams is underway. LatentView is now an Elite ChSI partner with Databricks and we will invest in growing this partnership by setting up a Databricks COE and building verticalized solutions. We are pleased about the momentum in our fiinancial services practice that grew by 59% compared to Q2FY24, driven by robust demand firom existing clients.ˮ
Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said,

“For Q2FY25, we reported an operating revenue ofi ₹2,090 million with an adjusted EBITDA margin (befiore considering transaction related costs) ofi 22.5%, up 110 bps compared to Q1FY25. Our headcount as on September 30, 2024 stood at 1,609 and cash and investments stood strong at ₹10,201 million.ˮ

Key Financial Highlights:
 

Particulars ₹ Million	Q2FY25                             QoQ Growth		YoY                        FY24 Growth
Operating Revenue
–     Latent View	1,865	4.2%	19.8%	6.407
–     Decision Point	225
Total Operating Revenue	2,090	16.8%	34.2%	6,407
EBITDA	453	18.2%	47.0%	1,360
EBITDA %	21.7%	0.3%	1.9%	21.2%
PBT	583	11.8%	30.4%	1,970
PBT %	25.2%	(1.4%)	(0.7%)	27.6%
PAT	399	2.5%	17.3%	1,586
PAT %	17.2%	(2.6%)	(2.5%)	22.2%
Basic EPS (₹)	1.94	2.4%	16.6%	7.73

 

Select Key Client Wins in Q2FY25
● For one of the worldʼs biggest sportswear brands, we are helping the client reimagine and track key metrics in the P2P process that will aid in improving working capital efficiency.
● For one of the leading optical retailers, we are streamlining and enhancing their reporting capabilities and building decision boards, focusing on key priority reports such as daily sales, employee performance, and office performance metrics.
● For a Dutch multinational Banking and Financial services corporation, we are developing a GenAI-powered solution to aid their content creation process using advanced Generative AI to craft high-quality presentations.

● For a leading technology-enabled Payments-As-A-Service company, we are building a recommendation engine catering to multiple banking partners by leveraging various machine learning and deep learning models.
● For one of the large multinational conglomerates, we are delivering social media analytics and customer sentiment analysis using AI/ML for various business categories to understand current market trends and competitor information.

Other business highlights
We showcased Launchpads, Partnerships and Captive Buyout models, and our Global Innovation Hub (GIH) to companies exploring remote and off-shoring opportunities to fill the gaps in sourcing the right talent and delivering business value. In August 2024, we organized an event in Bengaluru focussed on Global Capability Centers (GCCs) for Data and Analytics, titled Game Off Shores: Get Your Analytics and AI Forces Together. The event brought together companies at all stages of their GCC journey and highlighted how we can partner with them on this journey.

Recognition:
● Industry Recognition by ISG: LatentView has been recognized in the ISG Provider Lens Report 2024 for Specialty Analytics Services as a Supply Chain Leader.
● Industry Recognition by AIM Research: LatentView has been recognized as a Leader and a Top Data Science Service Provider by AIM Research in their 2024 PeMa Quadrant for Data Science Service Providers.

Technology Partnership with Databricks:
LatentView is now an Elite C&SI (Consulting and System Integrator) partner with Databricks. Our deep expertise in technology enables businesses to harness the full potential of their enterprise data. Through the launch of the Databricks Center of Excellence (CoE), a hub dedicated to advancing data analytics and driving innovation, we are uniting the expertise of data engineers and trained Databricks specialists to deliver cutting-edge solutions to our clients.

The mega opera, ‘Life of Gautam Buddha’, is the narrative of an icon who has impacted and inspired millions of people. Whose philosophy is the legacy he has left behind, most relevant in today’s troubled times. A fundraising initiative by RNB, this “value creating” theatre traces the life of Siddhartha, born as a prince into the lap of luxury, yet breaking out of the clutches of pleasure and materialism to merge with the Buddha nature within.

He shows us how to transcend the inescapable suffering caused by Birth, Aging, Sickness and Death and enter the realm of balance, compassion and equanimity. An original script, written and directed by Lushin Dubey and Bubbles Sabharwal from Theatreworld join us to experience a production that fuses music and dance with drama, to create a narrative rich in colour, storytelling and performances.

Date: Thursday, 14th November, 2024

Time : Show 1 – 4:30 pm

            Show 2- 7:00 pm

Venue: Kamani Auditorium , 1, Copernicus Marg, Mandi House, New Delhi.

Pune, INDIA (November 9, 2024) — Bridgestone India Private Ltd. (BSID), a subsidiary of Bridgestone Corporation (Bridgestone), today announced a strategic growth investment to expand capacity and capability in India. The investment will be directed to the Bridgestone Pune Plant and the Indore Plant to reinforce the company’s premium-mass strategy. The collective investment will be approximately US$85 million with expansion scheduled to start from the beginning of 2025.

These efforts are expected to increase total production capacity at the Pune plant by approximately 1.1 million tires annually by 2029. They will also improve capability to ensure premium tire production at the Indore plant. Additionally, BSID will establish a satellite technology center at its Pune plant in 2025 to produce “Dan-Totsu 1 products”. These products will be customized optimally for the Indian market with “ENLITEN” technology 2, which is the base technology for product design. This new satellite technology center will reinforce and accelerate the technology development capability of the company’s entire engineering chain from material planning to product research / design and manufacturing for the Indian market.

Bridgestone considers the Indian market to be a growth opportunity for the premium passenger tire business. Recent trends in the market have produced an outlook of stable economic development and growth in the number of automotives both owned and produced. BSID aims to enhance its presence in the Indian market and further solidify our position as the market leader by reinforcing and expanding “Dan-Totsu products” equipped with “ENLITEN” technology as the “new premium”. The company additionally sees the growing demand as a tailwind for the premium tire category, including the demand for High Rim Diameter (HRD) tires 3 and all the other categories over the mid-long term.

BSID, as a market leader, has been dedicated to motorization and business development in India. Since it was established as a manufacturing and sales company in 1996, BSID has aimed to contribute to its local market by reinforcing a “produce and sell” system with an axis of on-site service and local production for local sales. Through this latest investment, BSID is accelerating the creation of social and customer value in India by contributing to its local customers, to the development of society, and to the industry. It also advances BSID’s strategy of “growth with quality”, which maintains a high profitability structure in Indian business while also “furthering its focus on value creation”.

These initiatives are outlined in the Bridgestone Mid Term Business Plan (2024-2026) as “Create good tires” and “Create good business”. Bridgestone is committed to helping realize a sustainable society for future generations by co-creating value together with employees, society, its partners, and its customers. Through the reinforcement of the premium tire business for passenger cars, Bridgestone continues to provide social value and customer value as a sustainable solutions company.

Infinity is the basic aspect of Lord Vishnu as every glory associated with him is endless, immeasurable and unfathomable. His divinity lies in creating diversity in unity and then again establishing the basic unity. Vishnu manifests himself in endless forms.

The event marked Yamini Reddy as a solo Kuchipudi dancer, where her performance showcased the intricate Kuchipudi dance moves and skills, acquired under the tutelage of legendary Padma Bhushan Gurus Dr. Raja Radha Reddy and Kaushalya Reddy.

He manifests himself in endless forms starting from a giant fish Matsya to Buddha the messenger of peace and non-violence. It is this power of manifestation in endless forms that projects Vishnu as “Anantarupah”.

At its crux, Yamini’s presentation ‘Anantarupah’ brought to life two of Lord Vishnu’s divine manifestations. As Narsimha (Half Man – Half Lion) and Rama (the son of Dasaratha).

Both pieces were selected for their uniqueness and contrast. While one piece was an excerpt from a traditional Yakshaganam which is a part of the ancient Kuchipudi heritage. The second piece was an amalgamation of North Indian Hindustani music and South Indian Kuchipudi dance showing the seamless blend of two rich traditions of India.

Hyderabad, 09th November 2024: Centuary Mattresses, India’s Sleep Specialist, with a legacy spanning over 35 years, proudly announces the grand opening of its new Centuary Mattresses Sleep Specialist Store at Banjara Hills, Rd no 12, Hyderabad. GHMC Mayor, Smt. Gadwal Vijayalakshmi along with Sri. Uttam Malani, Director of Centuary Fibre Plates Pvt. Ltd and few esteemed guests inaugurated the new store.

This new store, located at Road No 12 Banjara Hills, promises to provide customers with an enhanced shopping experience, showcasing Centuary Mattresses’ extensive range of high-quality products designed to improve sleep and well-being. This new exclusive retail destination represents a significant milestone in Centuary Mattress’s mission to transform the way consumers experience and select their sleep solutions. The Centuary Mattresses Sleep Specialist Store will offer a unique opportunity for customers to explore and test a variety of mattresses, experience the latest in sleep technology, and receive personalized assistance.

The store is offering 15% off and assured free gifts worth upto Rs 15,000 on all mattresses in an exclusive launch offer.

Speaking at the inauguration of the new store GHMC Mayor, Gadwal Vijayalakshmi said, “As a strong advocate for the well-being of our community, I firmly believe that quality sleep is essential for a healthier, more productive life. The range of products I have seen today truly reflects the brand’s commitment to offering comprehensive sleep solutions, designed to meet the needs of every individual. I am confident that Centuary Mattresses will continue to enhance the quality of life and sleep for many families in Hyderabad.”

Mr. Uttam Malani sharing his joy said, “Our new store at Banjara Hills, Rd no 12 is meticulously designed as a sleep specialist store for sleep enthusiasts and comfort seekers to redefine how customers experience and choose their sleep solutions. Our unwavering commitment to quality, innovation, and unparalleled comfort has been the cornerstone of our brand. With the launch of this store, we’re crafting an immersive journey aimed at elevating the lives of our cherished customers. This new space promises to captivate the mattress shopping experience, offering a distinctive fusion of technology, expert guidance and provide a comprehensive experience, allowing customers to find the perfect mattress tailored to their individual needs” added Mr. Uttam Malani.

A diverse range of needs and budgets will be catered at the new experience store which offers an extensive selection of mattresses and pillows. Their product range incorporates sophisticated features, including innovative CU Sense technology that maintains a cool and comfortable body temperature. The new store will have an extensive array of sleep accessories, from neck pillows tailored for customers to a variety of pillows precisely crafted to complement their mattresses. Centuary mattresses come with Centuary Protect promise and hold CertiPUR-US certification, assuring customers of the absence of harmful chemicals in the manufacturing process. The brand’s premium mattresses incorporate high-density memory foam and advanced coil systems, offering the epitome of luxury and support.

Bengaluru, 8 November 2024: In a significant move to prioritize the well-being of Bengaluru’s police force and their families, Police Commissioner Shri B. Dayananda inaugurated the Bengaluru Police Eye Care Project 2024 at the CAR South Adugodi Parade Ground. The project, created in partnership with Nethradhama Superspeciality Eye Hospital, Shraddha Eye Care Trust, and Rotary Bangalore Prime, aims to support eye health within the police community, addressing a critical yet often overlooked need.

This program offers comprehensive eye screenings to Bengaluru Police officers and their families, with a focus on early detection and timely treatment. Leveraging state-of-the-art diagnostic tools, the project ensures officers and their loved ones receive continuous eye health monitoring. For those identified with specific eye conditions, treatment will be available at Nethradhama Superspeciality Eye Hospital. Additionally, Shraddha Eye Care Trust will provide free surgical care to those without Arogya Bhagya Yojane Cover, ensuring everyone receives essential care.

Shri B. Dayananda, Bengaluru Police Commissioner, highlighted the unique demands faced by the police force, “Our officers work under difficult, often high-stress conditions to maintain public safety. Ensuring their health, particularly their eye health, is not only beneficial to them but essential for our community. This project reflects our commitment to providing officers and their families with the health support they deserve, which will allow them to serve Bengaluru even more effectively.”

Prof. Dr. Sri Ganesh, Managing Trustee of Shraddha Eye Care Trust and Chairman and Managing Director of Nethradhama Eye Hospital, emphasized the holistic approach of this initiative, “Our police force dedicates their lives to protect us, often at a cost to their own health and their families’ needs. Vision health, in particular, can go overlooked until it becomes critical. We’re honored to support both officers and their families, ensuring they have access to screenings and treatment that prioritize their long-term well-being and quality of life. By including families, we address an often-neglected aspect of police welfare, recognizing that the health of our officers and their loved ones are closely intertwined.”

Dr. Savitha Arun, Director and Medical Superintendent of Nethradhama Super speciality Eye Hospital was also present at the event.

CA Rtn Harish VS, President of Rotary Bangalore Prime, expressed Rotary’s commitment to community support, “This initiative reflects Rotary’s mission to serve those who serve us. By focusing on preventive care, we are helping our police officers stay healthy and prepared for the demands of their roles. Extending this care to their families also reinforces our belief that strong communities start with healthy, supported individuals.”

As a pilot, the success of this project will serve as a model for expanding similar programs across other CAR camps in Bengaluru. Future plans include extending this initiative to other public service officers, ensuring that all personnel have timely access to eye care, ultimately enhancing both their health and operational efficiency in service to the community.

A highlight of the event was the panel discussion on ‘Winning Touchpoints: Less Clicks, More Sales’, featuring insights from Nitin Sethi, Joint President and Chief Digital Officer at Adani Group. Sethi emphasized the importance of precision, personalization through analytics, micro-conversations, mobile voice search, and A/B testing frameworks in today’s competitive market. “In today’s landscape, out of every 100 consumers, about 90 tend to bounce back on the first page. At each stage of the funnel, drop-off rates close to 70-80 percent are common. Even with significant investment to bring in 1,000 customers, conversion rates average only 10-15 percent, which is the industry’s best,” he said.

Neil Patel, Founder of NP Digital, in a fireside chat on AI, opined, “When you think about your KPIs and business goals, start by asking how AI can help you achieve them. Many marketers run ads, but when AI is used alongside human creativity, it creates a powerful combination. AI can analyze data in real time, helping optimize content and ad strategies on the go. Personally, AI has been instrumental in scaling my content. The next big trend I see coming to social media is live selling it’s already huge in China but hasn’t yet taken off globally. I believe it’s going to generate significant revenue in the near future.”

Sanjay Sindhwani, CEO of Indian Express Digital, commented, “In the media industry, if we look back five years, data largely rested with intermediaries, and we didn’t focus on it as much. Over the last five years, however, we’ve witnessed a tremendous shift. Media now has massive reach and relevance to advertisers, who increasingly seek more definitive, targeted insights. As subscriptions grow, the intersection of technology and marketing becomes even more critical in shaping this data-driven landscape.”

Deepak Oram, Senior Vice President at HDFC Bank, said, “The modern data stack today essentially unifies a brand’s data, encompassing behavioural insights and predictive information. What many tend to overlook, however, is the importance of third-party data and the concept of data reflexes. While it’s relatively easy to hire data engineers in the industry, what’s truly lacking are data reflexes, the ability to quickly and effectively respond to data insights for real-time decision-making.”

Hyderabad, November 8, 2024- The two-day National Seminar FESA 2024(Fire, Electrical, Security and Automation) for the Pharma industry concluded on Friday evening at HICC in Madhapur, Hyderabad.

Day two had many technical sessions including a Panel Discussion on the latest trends in safety and security in the Pharma industry.

C. Laxmi Prasad, retired director of state disaster response and fire services said there are many latest monitoring systems and devices, tools such as video, robots, remote monitoring etc are available. Unlike fires in residential and other commercial buildings, the fires in the Pharma industry pose a major challenge because of the limited escape time available for winners to go to safe places. The time available for escaping is limited because of hazardous chemicals and gases used in the industry. So, this has to be taken into consideration while designing the exit rules for the industry, he said

Another panelist Shiva Prasad Reddy, General Manager of EHS Hetero Drugs Ltd suggested adopting a proactive approach rather than a reactive approach. The probability of fire shouldn’t exist. Eliminate the possibility of the fire, he stated.

Fire emergency preparedness is need of the hour, he added.

The need for an independent training institute for Fire Management in the Pharma industry was emphasised.

A participant suggested that life insurance companies and managements must together work out an insurance plan such that in the event of a loss of life due to fire in a Pharma industry, they must be offered double the sum assured. This will encourage more workers to come forward to work in the Pharma industry.

The other panellists on the panel P. Ashok Kumar, Associate Vice President of EHS, Neuland Labs, and Chigurupati Srinivasa Rao, Director of EHS Biocon highlighted that pharma industries must be free from fire accidents.

The two-day seminar was organised in the backdrop of about 97 fire accidents taking place in pharma industries in the past year. The seminar was industry-specific and the first of its kind in the fire industry.

300 senior managers from over 100 pharma companies have participated in the seminar.

It was organised by the Fire and Security Association of India (FSAI). FSAI is 22 years old, a pan-Indian, not-for-profit non-profit trade body representing the Fire Protection, Life Safety, Security, Building Automation, Loss Prevention and Risk Management domains. It has 25 chapters and 10,000 members all over India said Mr Srinivas Valluri, National President, of FSAI

Amusing/fun facts about Fire–Inputs for a Box Item

Earth is the only known planet where fire can burn. Fire can double every 30 seconds. Given the right conditions, it takes just ½ a minute for a fire to double in size. It is self-sustaining. It’s a process that fuels itself endlessly. Fire can make trees explode. You can make water with fire. You can start a fire using water. An odd fact about fire is that even though firefighters use water to put out fires, water can also be used to start a fire. Pure water isn’t flammable but one of its main components, hydrogen, is. Once a forest fire begins, it can spread at a rate of up to 25 kilometres per hour,

Visakhapatnam: November 08th, 2024: Adani Gangavaram Port, the deepest and one of the most modern ports in India today set a new record of timber log handling on consecutive days of handling 4,392 metric tons and 4,206 metric tons of timber logs for the vessel MV Mangusta. The port surpassed its previous record of 2,900 metric tons in a single day by 52% on growth.

The port has been able to surpass its previous records as management has made strategic investments in infrastructure for efficient cargo handling and railway facilities. The port expects to set further operational records in FY24 and deliver Industry Best Services to its customers. Adani Gangavaram Port’s operational expertise and the capability of its advanced infrastructure, which enables high productivity and prioritizes safety. The port team’s dedication and efficiency underscore the facility’s ongoing commitment to optimizing performance and supporting the growing demands of the shipping and logistics industry

Speaking on the occasion, Adani Gangavaram Port Limited management said “We are extremely delighted on this achievement. We at Adani Gangavaram Port always strive to provide the best service to our customers. We offer substantial economic benefits to Indian importers combined with highly efficient port operations and evacuation systems with faster turnaround time & delivery. We are extremely happy to see the trade derive benefits from the modern deep-water infrastructure at the port.”

 November, 2024 – BharatBenz, the flagship brand under Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG, Germany, has been officially presented with ‘Well-Known Trademark’ status by the Intellectual Property [IP] Office India. This ‘Well-Known Trademark’ status signifies BharatBenz’s remarkable brand value, solidifying its standing as an iconic player in the Indian market, widely recognized by customers and society alike.

Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles, commenting on this momentous achievement, said, “We are immensely proud to achieve this prestigious recognition as a ‘Well-Known Trademark.’ As a young and dynamic brand, BharatBenz has made a significant impact in the Indian commercial vehicle market. This status highlights our brand’s journey and reputation since launch and reflects the deep trust our customers and partners place in us. Over the past 12 years, BharatBenz has played a vital role in nation-building, securing a strong market position through an unwavering commitment to performance, innovation and safety.”

Entering a predominantly cowl-based truck market, BharatBenz distinguished itself by introducing advanced safety standards, including fully factory-built, air-conditioned metal cabins that reflect the brand’s commitment to road safety in India. This pioneering approach underscores BharatBenz’s dedication to safety and efficiency, with each vehicle engineered to deliver optimal performance and minimize Total Cost of Ownership (TCO).

Reaffirming the brand’s safety commitment, Satyakam added, “Today, BharatBenz continues to meet global safety standards, including Europe’s ECE R29-03, providing enhanced protection for drivers in the event of a crash, and setting a new benchmark for safety and reliability in India. We believe it is essential to foster greater awareness of safety in the Indian market, and we are proud to be at the forefront of driving this change.”
Designed to meet the needs of diverse industries, BharatBenz’s extensive range of trucks and buses combines innovative Indian engineering with German DNA. In 2020, BharatBenz led the industry by becoming the first brand to introduce BSVI-compliant vehicles, strengthening its commitment to environmental standards and technological advancement.

Achieving ‘Well-Known Trademark’ status provides BharatBenz with greater legal protection under the Trademark Act, reinforcing its trust and recognition among consumers. This designation assures customers of the brand’s commitment to quality, fostering loyalty and enhancing its presence both domestically and internationally.