All posts by admin

National, August 6, 2024: Shriram Life Insurance Company (SLIC) has set up a special claims helpdesk to expedite the claim settlement for the families affected by the tragedy in landslide-hit Wayanad, Kerala.

During this hour of need, Shriram Life is committed to support affected families for claims settlement. For any assistance, one can reach out to Mr. Venkata Narasimha Naidu at 9121109249 or 18001036116. Instructions have been given out to field officials of SLIC to settle claims without inconveniencing the family members of the bereaved.

The company extends its deepest condolences to all those impacted by this tragedy.

On July 30, multiple landslides hit villages in Wayanad, resulting in over 300 fatalities and approximately 180 individuals reported missing, according to state health authorities. Rescue operations are in progress, with 53 relief camps established in the region.

Chennai, 06.08.24: The Rs 6,145.56 crore Initial Public Offering (IPO) of Ola Electric Mobility Limited was subscribed 4.26 times on the final day of bidding.

The issue received bids of 1,98,14,05,530 shares against the offered 46,51,59,451 equity shares, at a price band of ₹72-76, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 5.31 times. Retail Portion and Non-Institutional Investors Portion were subscribed 3.85 times and 2.39 times respectively, whereas Employee Portion was subscribed 11.66 times.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

Company Information

Ola Electric manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and also to export its EVs in select international markets in the future. It commenced the delivery of its first EV model, the Ola S1 Pro, in December 2021, followed by delivery of Ola S1 in September 2022, the Ola S1 Air in August 2023 and the Ola S1 X+ in December 2023.

Within nine months of delivering its first EV scooter in December 2021, it became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways (“VAHAN”) according to the Redseer Report.

Ola’s business model comprises of its R&D and technology platform with in-house design and development across EV technologies and components, adaptable manufacturing and supply chain platform, and D2C omnichannel distribution platform. Its model is vertically integrated across R&D and technology, manufacturing, supply chain, sales and service, and charging facilities.

The current EV scooter Generation 2 platform is the base for the Ola S1 scooter models – Ola S1 Pro, Ola S1 Air, Ola S1 X+, Ola S1 X (2 kWh) and Ola S1 X (3 kWh). It plans to replicate the platform approach for its recently announced motorcycle range which comprises four models – Diamondhead, Adventure, Roadster and Cruiser.

Ola has a Futurefactory, Gigafactory and a Battery Innovation Centre in Bengaluru, whereas it is in the process of building its EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu.

Malappuram: In a significant move to support the educational needs of children affected by the recent natural disaster in Wayanad, Interval Learning App, an education startup based in Areekode, Malappuram, has announced an extensive education assistance scheme worth Rs 50 lakh. The initiative aims to provide comprehensive resettlement for students whose education was disrupted due to the calamity.

The programme, designed in collaboration with the state government and district administration, targets children who have lost their homes and schools. Currently, these children are sheltered in relief camps and with relatives. The education scheme will commence once they are ready to return to school, following their recovery from the trauma.

Ramees Ali, CEO of Interval Learning App, emphasized the project’s focus on providing individual attention to each child alongside their school studies. The app, having over ten thousand teachers, will offer educational support to students in Chooralmala and Mundakkai. Beyond academics, the initiative will also include psychological support, aiming to help children overcome the emotional and educational challenges they face.

In addition to the educational programme, Interval has announced a remote work initiative, offering jobs to 50 graduates from natural disaster-hit areas in Kerala. This initiative aims to ensure financial stability for affected individuals, allowing them to work safely from home or other secure locations.

The company has also contributed to the Chief Minister’s Disaster Relief Fund, reinforcing its commitment to the rehabilitation and support of disaster-affected communities.

Mumbai, India (6th August 2024) – Renowned global fashion footwear and accessories brand, ALDO, in partnership with Warner Bros. Discovery Global Consumer Products (WBDGCP), is thrilled to announce its first-ever collection inspired by the iconic Looney Tunes characters. Launching on the 6th of August, the Looney Tunes x ALDO limited-edition capsule collection captures the imaginative and spirited essence of both brands – blending ageless charm with contemporary design for a vibrant celebration of creativity.

This limited-edition collection brings the mischievous world of Looney Tunes to life through a variety of footwear, handbags, and accessories for men and women. Featuring bold, colorful designs inspired by cherished characters like Bugs Bunny, Daffy Duck, and Tweety Bird, the collection is characterized by lively graphics, vivid colors, and whimsical elements that embody the animated world of Looney Tunes. From sleek loafers and standout stilettos to sporty sneakers and comfortable slides, each piece merges classic and contemporary styles. Additionally, all footwear styles feature ALDO Pillow Walk™ technology, crafted with dual density foam and padded insoles to blend comfort and style seamlessly.

“This collaboration with WBDGCP has allowed us to infuse our designs with the timeless humor and joy that these characters represent,” says Daianara Grullon Amalfitano, Chief ALDO Brand and Product Officer. “Our aim was to create a collection that not only celebrates these iconic Looney Tunes characters but also invites our customers to embrace their playful side and indulge in a bit of nostalgia. This collaboration is a true testament to the fun and ingenuity that both Looney Tunes and ALDO bring to the table.”

The Looney Tunes x ALDO Collection is available for purchase both online at ALDOShoes.in and at select stores.

Smart Grid companies brought in $1.6 billion in 1H 2024 

August 6, 2024 – Mercom Capital Group, a global clean energy communications and consulting firm, released its report on funding and merger& acquisition (M&A) activity for the Energy Storage and Smart Grid sectors for the second quarter (Q2) and first half (1H) of 2024. 

To get a copy of the report, visit: https://mercomcapital.com/product/1h-q2-2024-funding-ma-report-storage-grid/

Energy Storage 

Corporate funding for energy storage companies in the first half of 2024 reached $15.4 billion across 64 deals, marking a 117% increase year-over-year compared to $7.1 billion in 59 deals in the first half of 2023, driven by a strong first quarter. 

VC funding for Energy Storage companies in 1H 2024 came to $2.4 billion in 48 deals, a 37% decrease YoY compared to $3.8 billion in 43 deals in 1H 2023.

The Top 5 Energy Storage VC funding deals in 1H 2024 were: Sila, which raised $375 million; EnerVenue, which brought in $308 million; Natron Energy, which raised $189 million; Ascend Elements, which raised $162 million; and, Antora Energy, which raised $150 million.

Lithium-ion-based battery companies received the most VC funding in 1H 2024. Other top funded categories included Battery Recycling, Metal-Hydrogen Batteries, Materials and Components providers, and Sodium-based battery companies.

Announced debt and public market financing for Energy Storage companies in 1H 2024 came to $13 billion in 16 deals, a 294% increase YoY compared to $3.3 billion in 16 deals in 1H 2023. 

In the first half of 2024, there were 14 M&A transactions, up from eight in the first half of 2023. 

Meanwhile, the first half of 2024 saw 13 energy storage project M&A transactions, down from 19 in the same period of 2023. 

Smart Grid 

Corporate funding for Smart Grid companies in 1H 2024 totaled $1.6 billion in 36 deals, 11% lower YoY compared to $1.8 billion raised in 33 deals in 1H 2023. 

Boosted by investments in Smart Charging companies, VC funding across all Smart Grid companies in 1H 2024 totaled $1.2 billion in 29 deals, 22% higher YoY than the $986 million raised in 26 deals in 1H 2023.

The Top 5 Smart Grid VC funding deals in 1H 2024 were: Electra, which raised $330 million; Powerdot, which raised $108 million; FLO, which raised $100 million; Monta, which raised $87 million; and Battery Smart, which raised $65 million.

Announced debt and public market financing for Smart Grid technology companies totaled $321 million in seven deals in 1H 2024 compared to $839 million in the same number of deals in 1H 2023. 

In 1H 2024, there were three Smart Grid M&A transactions compared to six transactions in 1H 2023. 

Offers signature menu and refined ambiance, blending Parisian charm with luxury

Pune, Maharashtra – 6th August 2024: Ushering in a slice of Parisian style to the fast-growing metropolis of Pune, Ladurée, the world-renowned French patisserie brand, proudly announces the launch of its café at The Ritz-Carlton, Pune. Celebrated globally for its exquisite macarons, Ladurée is set to enchant Pune with its sophisticated offerings.

The pièce de résistance will be an exclusive creation crafted especially for Pune. The new Ladurée café boasts a stunning interior, meticulously designed to echo the refined and classic style synonymous with both Ladurée and The Ritz-Carlton. Guests can look forward to an exquisite menu that includes signature French toasts, high tea Charlies, avocado toasts, salads, sandwiches, tea, coffee, and, of course, Ladurée’s signature sweet offerings including macarons, Eugenie, and pastries.

Ms. Chandni Nath Israni, Managing Director & Co-founder of CK Israni Group, shares her enthusiasm, saying, “Bringing Ladurée to Pune has been a heartfelt endeavour. We are delighted to present this iconic brand to the city, offering patrons the opportunity to savour the finest French pastries and desserts in a luxurious and captivating environment.”

“ We at The Ritz-Carlton Pune are proud to bring leading French patisserie brand Ladurée to the city of Pune. The Ladurée Cafe ties in with our brand ethos and is sure to offer an elevated experience to food connoisseurs amidst our luxurious ambience. Guests will get to experience the finest French macaroons, pastries, desserts and more” says Mr Nishanth Vishwanath, General Manager, The Ritz-Carlton Pune

Located in the most affluent area of Pune, the new Ladurée Café promises to captivate gourmet lovers with its eclectic cuisine and luxurious ambiance.

Brought to India in collaboration with the CK Israni Group, Ladurée aims to gradually expand its presence across other Indian cities, offering a unique blend of French culinary tradition and modern luxury.

Ladurée warmly invites Pune to experience the cordon bleu Ladurée experience, where every bite is a journey to Paris!

Frisco, Texas – July 31, 2024 – Baird Medical Devices, Inc. (“Baird Medical”), a leading developer and provider of microwave ablation (“MWA”) medical devices in China and the United States, today announced a cross-market engagement and education program designed at fostering both knowledge and awareness of thyroid Microwave Ablation Technology. Baird Medical both hosts and participates in a range of programs over the course of the year to facilitate the safe development of the industry.

It is critically important to understand what makes MWA a preferred choice to radio frequency ablation as a procedure. There are numerous benefits for both patient and physician addressing both safety and aesthetic appearance. However, awareness of the key differences and the implementation of the procedure are still relatively low. This has led to Baird Medical developing a unique program of engagement and education about this new therapy.

“Regardless of where we develop our business, fostering meaningful relationships that contribute to industry excellence in microwave ablation is where we want to be,” said Ms. Haimei Wu, Founder and CEO of Baird Medical. “We are delighted to play a role in convening leading medical experts to drive meaningful progress in addressing any misconceptions as well as ensuring safe and efficient use of this innovative medical technology.”

Baird Medical hosts the third Global Thyroid Microwave Ablation Technology Exchange Conference

On July 25th, Baird Medical hosted the third Global Thyroid Microwave Ablation Technology Exchange Conference. This event drew together distinguished industry experts from both the United States and China to share their knowledge and experience during the event. From China, several luminaries gave talks including Dr. Xiaoqing Pei from the Sun Yat-sen University Cancer Center; Dr. Chenfang Zhu from The Ninth People’s Hospital affiliated to Shanghai Jiaotong University School of Medicine; and, Dr. Yunjun Wang from Fudan University Shanghai Cancer Center.

Numerous esteemed experts from the United States also joined the conference and participated in the dialogue, including Dr. Alireza Falahati from Utah Endocrinology Associates; Dr. Jennifer Hong Kuo from Columbia University Irving Medical Center; Dr. Toni Beninato from Rutgers Cancer Institute; Dr. Kepal N. Patel from NYU Langone Hospitals; Dr. Iheoma Nwaogu from El Camino Health – Mountain View Hospital; Dr. Gary G. Tse from UCLA Radiology Medical Group; Dr. Melanie Goldfarb from Providence Saint John’s Health Center; Dr. Gregory W. Randolph from Harvard Medical School; Dr. Stephanie L. Lee from Boston Medical Center; Dr. Jagdish. K. Dhingra from BethIsrael Deaconess Medical Center; Dr. Julia E. Noel from Sandford Medicine; and, Dr. Ashok R. Shaha from Memorial Sloan Ketterinc Cancer Center.

The comprehensive educational exchange delved into various aspects of managing thyroid growth, addressing a range of topics from application and preparation to technical modifications and essentials for safe and effective microwave ablation of benign thyroid nodules. The conference also showcased hands-on procedures and techniques for safe and effective ablation work.

Baird Medical joins Greater Bay Area Medical Device Conference & 61st Medical Device Consumables Resource Expo in China

On June 26th, Baird Medical’s General Manager, Mr. Hou Wei, joined the Greater Bay Area Medical Device Conference & 61st Medical Device Consumables Resource Expo in Guangzhou, China. The event brought together a diverse group of experts and professionals from China’s medical device and healthcare sectors.

During the conference, Mr. Hou gave an informative presentation on Microwave Ablation Technology. He specifically highlighted the technology’s use in thyroid treatments and discussed the significant role it can play in shaping the future of healthcare in China.

Baird Medical is headquartered in Guangzhou, a major city in Southern China which sits at the apex of China’s Greater Bay Area, an area encompassing several cities and hubs across Guangdong province, Macao and Hong Kong that are critical to China’s future growth strategy in innovation.

Friendship Day is just around the corner, and it’s the perfect time to celebrate the unique bond you share with your best friends. This year, skip the ordinary and surprise them with something extraordinary. We’ve curated a list of fabulous gifts that are sure to bring a smile to their face and show just how much you appreciate them. From luxurious fragrances to versatile makeup kits to skincare, these thoughtful presents are perfect for making this Friendship Day truly memorable.

The Body Shop Full Rose Eau De Parfum – 75ML

This Friendship Day, celebrate your unique bond with your friends by gifting The Body Shop’s Full Rose Eau De Parfum. This unisex fragrance from the Full Flowers collection captures the essence of individuality with notes of soft rose petals, green leaves, woody stems, juicy fruits, and sweet resin. With its luxurious rose absolute from Grasse and a commitment to 90% natural ingredients, it’s a scent that evolves beautifully throughout the day, just like the special qualities of your friendships. This Eau de Parfum comes in a bottle made from recycled glass, with a cap designed to be more sustainable, made of naturally renewable wood and cork. And when you’ve spritzed the last few drops, the bottle can be recycled again.

Link: https://www.thebodyshop.in/full-rose-eau-de-parfum-75ml/p/p143012?srsltid=AfmBOoqfCprprGgvXkGFITxVa9g_O78PcKJgycIe8UlxyLd59tPo4Qjm

Swiss Beauty CRAZE Seriously Slayer Makeup Kit

Surprise your bestie with the Swiss Beauty CRAZE Seriously Slayer Makeup Kit—a perfect blend of practicality and glamor. This versatile kit features everything you need for a flawless look: the CRAZE Eyeliner and Stamp Duo for precision winged eyeliner, the Eyeshadow and Blush Duo with four eyeshadow shades and a gorgeous blush for on-the-go beauty, and the Duo Lip Colour crayon that seamlessly transitions from day to night with its two stunning shades. Plus, the CRAZE Makeup Fixer keeps your makeup fresh and your skin hydrated all day long. Celebrate your friendship with this all-in-one beauty kit that’s as stylish and fun as your bond.

Link: https://swissbeauty.in/products/craze-seriously-slayer-makeup-kit

Kass Vitamin C Serum – Brightening & Radiant glow

Brighten up your friendship with the Ultimate Brightening Serum of Kass Care. Infused with potent antioxidants like 3-O-ethyl ascorbate (Vitamin C), exotic Kesar, and Candida extract, it revitalizes, fights oxidation, and reveals radiant, healthy skin. Say goodbye to dullness and hello to a ravishing radiance.

Link: https://kasscare.com/products/vitamin-c-serum?_pos=1&_psq=bri&_ss=e&_v=1.0

Redefining Elegant Getaways of Goa

July 2024– Villas by NOOR, the newly unveiled exquisite collection of luxurious villas in Goa, invites you to take a pause from the daily hustle and bustle of your lives and immerse in happy days and lazy evenings with your friends in the most luxurious and personalized way with the exclusive Pause & Play.

Designed for discerning travelers who appreciate thoughtful stays infused with the essence of the locale, Villas by NOOR in the quaint and sleepy village of Aldona and the neighboring Salvador do Mundo, deep in the interior of Goa offers five private villas inspired by the traditional architecture of old Goan homes – Villa Nora, Villa Nea, Villa Lumi, Villa Asna and Villa Anjor. These villas live up to the music of their names, each is encircled with its own landscaped garden and comes with its own private pool – just what you need for 3 days of relaxed fun with your friends.

With enriching activities and specially curated cultural immersions, you can gather around the private pool at Noor, splashing wildly and sipping Coronas while enjoying sunset conversations. Indulge in a 5-course garden dinner and unwind with cocktails into the night, with mornings offering fresh Goan poi and fruit platters. You also have the option to explore local fields, villages, and bazaars by cycle. After a day of adventure, relax with a foot massage, enjoy a charcoal-grilled barbecue with Goenchi feni, and celebrate with music by the pool.

Experience the joyful pause with Villas by NOOR, a sanctuary that invites you to embrace Goa’s vibrant spirit and celebrates friendship in unparalleled luxury.

Pause & Play at Villas by NOOR, Goa

• Villas in Aldona:

Starts at INR  50,000 for 3 days, 2 nights

Aldona Village, North Goa

• Villa Nora:

Starts at INR 1,29,000 for 3days, 2 nights

Salvador Do Mundo, North Goa

For reservations, please contact- +91 860 086 0020

stay@villasbynoor.com

Chennai, India – 30th July 2024 – Somerset Greenways Chennai, a leading serviced residence in the city, recently announced the inauguration of its state-of-the-art water bottling plant, marking a significant milestone in the property’s commitment to sustainability and environmental responsibility.

Innaurgation by Mr. Mansur Ahmed. General Manager, Somerset Greenways Chennai & Singapore Consul-General, Mr. Edgar Pang

Operating under the brand name ‘Peour – Sustainably Sourced, Perfectly Pure,’ the plant will produce high-quality bottled water while adhering to stringent sustainability standards. Peour, the alkaline-based water, is designed to promote health and immunity, and the initiative aligns with Somerset Greenways Chennai’s adherence to Ascott CARES, a global sustainability program by The Ascott Limited.

The bottling plant, supported by the CapitaLand Innovation Fund, is the first of its kind within Ascott India and represents a major step towards reducing the property’s environmental footprint. By eliminating the use of plastic bubble tops and single-use plastics, Somerset Greenways Chennai is taking a proactive approach to addressing the global plastic waste crisis.

Mansur Ahmed, General Manager at Somerset Greenways Chennai said, “We are thrilled to unveil our new water bottling plant, a testament to our ongoing dedication to sustainable practices. Peour not only provides our guests with a refreshing and pure drinking water experience but also embodies our unwavering commitment to environmental stewardship and social responsibility.

The launch of Peour aligns with Somerset Greenways Chennai’s five key sustainability pillars:

• Inclusive Sustainability: Empowering communities for equal access to resources and opportunities.
• Empowering Connections: Fostering relationships to enable participation in sustainable initiatives.
• Environmental Equity: Ensuring fair access to clean air, water, and green spaces for all.
• Diversity-driven Partnerships: Collaborating with organizations committed to sustainability.
• Green Solutions: Implementing innovative, sustainable approaches to environmental challenges.

Mansur Ahmed, a passionate advocate for sustainability and the driving force behind numerous innovative initiatives at Somerset Greenways Chennai, added, “We believe that sustainability is not just a buzzword, but a fundamental responsibility. With Peour, we are proud to demonstrate that hospitality and environmental consciousness can go hand in hand.”

The event was graced by the esteemed presence of the Singapore Consul-General, Mr. Edgar Pang, who inaugurated the site. Mr. Pang had the unique opportunity to operate the machinery and produce the final bottle of Peour himself, marking a significant milestone in Ascott’s sustainability journey.