Category business

Bangalore,17th, May 2023: Pincode, a leading shopping app on the ONDC platform, today announced significant milestones. Within just one month of its launch, the app has surpassed 50,000 installs on the Play Store. Pincode has quickly risen to become one of the top 50 Android apps on the Play Store and is also among the top 10 apps on the App Store.

In addition to this milestone, Pincode has been processing over 5,000 orders per day, showcasing strong customer preference and the app’s growing popularity in Bangalore, where it currently serves customers. Users in Bangalore are utilizing the app to buy daily necessities such as groceries and order food. Pincode’s success can be attributed to its mission of promoting local commerce and digitally connecting consumers with their favorite supermarkets and restaurants, while offering the convenience of online ordering, attractive discounts, and hassle-free refunds and returns.

The Pincode app, built on the ONDC platform, is poised to revolutionize the way consumers shop by bridging the gap between offline and online shopping experiences. By enabling every Indian shopkeeper digitally, Pincode aims to empower local businesses and ensure their participation in the 21st-century e-commerce revolution. The platform’s success will also contribute to creating sustainable employment opportunities for numerous individuals, attracting more small merchants to the ecosystem.

“We are thrilled to witness the rapid growth and acceptance of the Pincode app among consumers,” said Lalit Singh, General Manager, Pincode. “The ONDC platform has emerged as a game changer for India’s local commerce, and we are delighted that Pincode is leading the charge on this. The strong customer preference we are seeing for the Pincode app is a testament to the seamless and convenient shopping experience we offer. Pincode remains committed to enhancing the shopping experience for its users by consistently expanding its selection of stores and adding more categories within the app.’’

The Pincode app will be available in additional cities across India over the next few weeks.

Mumbai,17th, May 2023: Venus Remedies Limited (NSE: VENUSREM, BSE: 526953), one of India’s top 20 R&D spenders and a research-driven pharmaceutical company, proudly announced the renewal of recognition for its in-house Research and Development (R&D) unit by the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Government of India. This renewal underscores Venus Remedies’ commitment to innovation, excellence in research, and its significant contributions to healthcare.

With 15 patented products brought to market and several others in the pipeline, VRL’s R&D portfolio demonstrates a progressive approach to drug development. Venus Remedies Limited has consistently invested in research and development. The company invested 3.53% of its total sales in R&D, from which it has generated 5.25% of its total revenue, which stood at Rs 575.18 crore in FY 2021-22. The R&D spend for the same period amounted to Rs. 20.31 crores.

“Our in-house R&D unit has been at the forefront of pioneering research and development initiatives,” said Mr. Saransh Chaudhary, CEO of Venus Medicine Research Centre and President of Global Critical Care at Venus Remedies. “This renewal of recognition from DSIR reinforces our position as a research-driven pharmaceutical company dedicated to bringing innovative and effective solutions to address global healthcare needs.”

Venus Remedies Limited (VRL) has emerged as a pioneer in developing innovative medical solutions to combat antibiotic resistance, a global health concern. As part of its commitment to addressing antimicrobial resistance, VRL has created a range of patented superbug-fighting solutions, including Elores. In recognition of its efforts to combat antimicrobial resistance, Venus Remedies Limited has become a member of the AMR Industry Alliance (AMRIA), joining over 100 globally renowned organizations in a coordinated response to this critical issue.

To support its cutting-edge research, Venus Remedies has acquired various pharmaceutical laboratory testing equipment, including HPLCs, kidney chip systems, UV spectrophotometers, incubators, biosafety cabinets, bioanalyzers, hematology analyzers, particle counters, and LC-MS among others.

Venus Medicine Research Centre (VMRC), the medicine research center of VRL in India, comprehensively focuses on solutions that can address health problems outspread worldwide. With Research & Development forming the foundation for all its endeavors, the primary emphasis is in the fields of Anti-Microbial Resistance (AMR), Oncology, Wound Care, and Pain Management. Venus Remedies Limited’s commitment to innovation extends to advanced drug delivery systems, targeted drug deliveries, molecular biology research, and integration of herbal medicine into its research, with a portfolio of several patented AYUSH medications.

The medical research center is well-equipped with Good Laboratory Practice (GLP) accredited labs to cater to unmet medical needs, innovative breakthroughs to advance healthcare solutions, and state-of-the-art capabilities to accomplish human cures. Besides the fundamental development & research it delves in, spreading healthcare awareness on critical subject matters, including the Anti-Microbial Resistance (AMR), remains a priority.

With the renewal of recognition from DSIR and its ongoing efforts to combat antimicrobial resistance, Venus Remedies Limited solidifies its position as a leading research-driven pharmaceutical company, dedicated to excellence in research and bringing innovative medical solutions to address global healthcare challenges.

Mumbai, 17th May 2023: Akshayakalpa Organic, India’s first certified organic dairy company announces its foray into organic vegetable and fruits category with ‘Greens’. Under ‘Greens’, Akshayakalpa will offer organic Spinach, Tomato, Chilli, and Okra along with several other essential vegetables and fruits. Through continuous diversification, the company has managed to grow beyond dairy category and is now offering products under vegetables & fruits, milk, buttermilk, ghee, batter, paneer, curd, cheese, butter, coconut, bread, honey, herbs and egg category.

According to the market report, published by Sheer Analytics and Insights, it is stated that the anic label on the fruits and vegetables, they are aware about the various techniques used to grow the greens. The demand for organic greens are growing significantly because of consumer knowledge, the health benefits, and growing accessibility. The new category under Akshayakalpa offers a complete array of organic produce, bringing the best of nature’s bounty straight to the consumer’s doorstep.

Shashi Kumar, CEO, and Co-founder, Akshayakalpa Organic said, “Akshayakalpa is on a movement to bring back and give the right and nutritious food to its consumers. By expanding our product portfolio, we are taking a big step towards our vision of providing our consumers with a wholesome and nourishing organic food. We had eventually started our journey with the dairy business, but after our learnings, we have ventured into several non-dairy products such as Batter, Bread, Honey, Coconuts, Eggs & Banana. Our consumers are well read and are aware about the health benefits of organic eating; the introduction of Organic Greens for them was a significant decision. With the launch, we are aiming for 15% addition to our revenue by FY 25.”

He further adds, “We have witnessed a rise in demand for organic food which is driven by the Indian consumers who have started paying attention to what they are eating and what they are feeding their family. Most of the organic food demand is from the Western and Southern part of the country. As a starter, we aim to start with our operations in Bangalore, Chennai and Hyderabad and wish to expand it to Pune and Mumbai as we make progress.”

Akshayakalpa Organic aims to provide fresh and organic produce directly to households and is currently available in Bangalore and will be expanded to Hyderabad and Chennai shortly. With a focus on sustainable farming practices, the brand ensures that its products are free from harmful chemicals and pesticides, making them a healthy and safe choice for consumers. This new initiative is a significant step towards the company’s mission of promoting a healthy lifestyle and a sustainable future.

Akshayakalpa has also created new benchmarks for sustainable farm practices that help produce milk and milk products that are free from antibiotics, synthetic additives, and chemical pesticide residue.

With these innovations in the organic dairy market, they are now looking to foray into the organic produce market with new and healthy innovations. Consumers in Bangalore, Chennai and Hyderabad will be able to purchase the fruits and vegetables through delivery options and through the Akshayakalpa app and website in the select cities.

Gurugram, India ─17th, May 2023─ Trane Technologies (NYSE: TT), a global climate innovator, has released a first look at its Net-Zero Roadmap to decarbonize across its entire value chain by 2050. In 2022, Trane Technologies became the first in its industry – and one of the first companies in the world – to have its net-zero carbon emissions targets approved by the Science-Based Targets Initiative (SBTi).

Trane Technologies’ Net-Zero Roadmap and the company’s advancements toward its 2030 Sustainability Commitments are included in its 2022 Environmental, Social and Governance (ESG) Report: Ambition. Action. Impact.

“Sustainability is core to our strategy, and its success shows in our superior financial performance,” said Dave Regnery, chair and CEO of Trane Technologies. “Our relentless focus on innovation accelerates the decarbonization of buildings, industry, and the cold chain. The result is superior value creation for our team, customers, shareholders, and the planet.”

Trane Technologies continues to set the precedent for industry-leading sustainability and transparency with its Net-Zero Roadmap. The transition plan outlines the steps the company is taking to achieve its SBTi-validated net-zero carbon target. Actions include expanding the use of renewable energy at its facilities, increasing efficiency across its operations, transitioning to low-global warming potential refrigerants, electrifying its fleet of vehicles, accelerating the electrification of heating and cooling through innovative technologies and solutions, and more.

“Trane Technologies was an early leader in decarbonizing its business,” said Glenn Prickett, President & CEO of the World Environment Center. “We are thrilled to see the company take the lead again in laying out a concrete roadmap to achieve their net-zero ambition. Other global companies would do well to follow Trane Technologies’ lead.”

Notable advancements made in 2022 toward Trane Technologies’ 2030 Sustainability Commitments (all as compared to 2019 baseline):

• Gigaton Challenge: Reduced 93 million metric tons of carbon – equivalent to the emissions generated from 10.3 billion gallons of gasoline – from customers’ emissions, toward the Gigaton Challenge – a pledge to reduce one billion metric tons of carbon from emissions by 2030.
• Carbon Neutrality Progress: Reduced operational (Scope 1 and 2) emissions by 31%, on track toward reaching science-based target of 50% reduction by 2030 and goal of achieving carbon neutral operations across the company’s footprint.
• Water and Waste Reductions: Reduced water usage by 22% at facilities in water-stressed regions and achieved zero waste to landfill at 82% of global manufacturing sites.
• Gender Parity Advancements: Increased women in leadership positions by 3.1 percentage points.

In 2022, a series of prominent awards, ratings and listings recognized Trane Technologies for its industry-leading sustainability performance and company culture:

• Dow Jones Sustainability Index (listed for 12 consecutive years)
• Just Capital’s JUST 100 List (ranked 1st in Buildings Materials & Construction industry)
• CDP ‘A’ List (named among top 2% of companies)
• Forbes’ World’s Best Employers
• Fortune’s World’s Most Admired Companies
• Fortune’s Best Workplaces in Manufacturing & Production
• Reuters 2022 Responsible Business Awards Finalist – Sustainability Trailblazer Award
• Financial Times “European Climate Leaders 2022”
• Military Times Best Employers for Veterans
• Human Rights Campaign – Corporate Equality Index
• The Irish Times Top 1,000 Companies

Bangalore, 17th May 2023- Hi-KALPAA School of Experiential learning, one of India’s leading institutions in early childhood education, is inviting applications for the 2023-2024 session. Founded with the concept of creation through experiment and experience, the fast-growing chain of unique preschools provides a safe and nurturing environment for children to learn and grow, with a curriculum that focuses on building a strong foundation for future academic success.

The latest development will witness Hi-KALPAA welcoming children aged 2 to 6 years old for its wide range of innovative learning programs aimed at catering to the specific needs of every child. With its 2023-24 session slated to begin from 5th June, the 4 critical programs rolled out by the experiential learning preschool include KALPAA Player (Playground for 2-year-olds), KALPAA Beginners (Nursery for 3-year-olds), KALPAA Thinkers (Jr.KG for 4-year-olds) and KALPAA Winners (Sr.KG for 5-year-olds).

“We are thrilled to open our doors for the upcoming school year and continue our mission to provide quality education to young children,” Shalini Sharma Founder & CEO Hi-KALPAA chain of Preschools “Our programs are designed to engage children in meaningful and age-appropriate activities that will enhance their learning and development through their own experiences.”

Bolstered by an exceptional faculty with multiple decades of proactive work in the education industry, Hi-KALPAA strives to foster a child-centric environment that stimulates and nurtures their individual potential, interests, and needs. All the teachers at Hi-KALPAA are highly trained and experienced in early childhood education with a firm dedication to helping children develop their cognitive, social, emotional, and physical skills.

The preschool’s new age curriculum is credited for instilling the values and confidence in children to become independent thinkers and inquisitive learners equipped with essential skills. Furthermore, Hi-KALPAA offers state-of-the-art facilities with cutting-edge technology and age-appropriate learning material contributing to its mission and vision. In a bid to ensure students’ safety, the chain of pre-schools has also implemented strict health and safety protocols in line with local and national guidelines.

Bangalore, 17th May 2023: India’s leading consumer data intelligence company, Axis My India announced a partnership with Bharat Rajamani, Co-Founder & CEO at GetafixM – a full services marketing and media firm to build a Consumer Insights led Business Consulting Practice. Keeping consumers at the heart of the process, the partnership aims to resolve brands pressing business problems by identifying and bridging the gap between consumer and product needs.

Axis My India, which is a Harvard Business School case study, has a physical presence across India and can mobilize engagement with over 190 million Indian households, brings forth its consumer data intelligence and large-scale research capabilities to this partnership. Bharat Rajamani aims to bring forth a strong filter and present the data to the business and marketing teams in a manner which would have a positive impact on their business growth.

Commenting on the partnership, Pradeep Gupta, Chairman & MD of Axis My India said, “We are pleased to partner with Bharat Rajamani, a distinguished business leader with a rich and diverse leadership experience across EY and KPMG and a trusted business advisor. We are confident that with Bharat’s consulting experience of over two decades and his unique ability to solve complex business challenges, we will be able to provide our clients with a steady and truthful representation of facts, insights, and trends across 700+ districts in India. The practice aims to enable consulting with real time data, muti phase approach of guiding brands on new product development, growth and help them measure real valuation and demand of a product based on consumers current need and future market potential. Our work doesn’t stop at the strategy stage, we will also help brands in constant monitoring and execution of these growth plans and keep a measure of the overall impact. With our combined strengths, I am highly optimistic about our success.”

Bharat Rajamani, Co-Founder & CEO at GetafixM said “In today’s era some of the key impediments for business growth are knowledge of diverse customer needs, business intelligence, competitor mapping, keeping the brand culture intact. To truly understand the needs and preferences of consumers, it is imperative to invest more resources and change our approach to business & marketing strategy. We want to bridge the industry need of good quality data by being a strong filter and present the data to the Business and Marketing teams in a way they see a great value in the process and outcome for their business growth. Our partnership with Axis My India, a trusted and established leader in consumer data intelligence, gives us the confidence to provide valuable and accurate insights to business and marketing leaders. We look forward to working together.”

The partnership aims to address the industry need for data by providing fast and accurate insights from the ground through their combined expertise in understanding the pulse of the consumers and the ability to solve business challenges.

17th, May 2023  Shemaroo Entertainment Ltd., one of India’s leading players in the media and entertainment industry has announced its financial results for the fourth quarter and financial year ending 31st March 2023.

Highlights for Q4 FY23 (Consolidated)

• · Revenue from Operations stands at Rs. 164.5 crores as against Rs. 93.6 crores in Q4 FY22; Up by 75.8% YoY
• · Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) reported was at Rs. 16.9 crores as compared to Rs. 8.7 crores in Q4 FY22; up by 93.7% YoY; the Company’s EBITDA Margin stands at 10.3%
• · Profit Before Tax (PBT) stands at Rs. 7.5 crores as against Rs. 2.4 crores in Q4 FY22; Yearly jump to 211.8%
• · Profit After Tax (PAT) reported was at Rs. 4.8 crores as against Rs. 2.1 crores in Q4 FY22; up by 136.5% YoY
• · The Company’s PAT Margin stood at 2.9%
• · Earnings per share (EPS) stands at Rs. 1.78 (Face Value Rs.10 per share)

FY22 Vs FY23 (Consolidated)

• • Revenues from operations were reported at Rs. 556.6 crores as compared to Rs. 381.4 crores in FY22; up by 45.9%
• • EBITDA stands Rs. 47.3 crores in FY23, as against Rs. 35.8 crores in FY22; up by 31.9%. The Company’s EBITDA margin stood at 8.5%.
• • PBT stood at Rs. 14.8 crores for FY23 as compared to Rs. 5.2 crore in FY22; up by 186.4%
• • PAT increased to Rs. 9.4 crores in FY23 as against Rs. 5.3 crores in FY22; up by 77.7%. The Company’s PAT margin stood at 1.7%.
• • EPS for FY23 stood at Rs. 3.45

Other Highlights

• • Yearly growth of Digital Media and Traditional Media for FY23 is 23.3% and 66.5% respectively
• • ShemarooMe, the OTT Platform released 14 new titles during the quarter
• • Shemaroo GECs have a viewership share of over 9% in the overall Hindi GEC genre
• • The contribution of B2C revenue as a percentage of total revenue has doubled in FY23 vs FY22 and now contributes to around 1/3rd of the overall revenue
•                   Commenting on the results, Hiren Gada, CEO – Shemaroo Entertainment Ltd., said, “Considering the external economic scenario, I am very pleased with our overall performance in this financial year. We started on this journey of changing our business strategy in 2019 and against all odds and headwinds that we have faced over the last few years, we have overcome all these challenges and have been successful in meeting our strategic goals. We are extremely confident that the agility, strength and innovative business model, along with a professionally run organization with freshly inducted talent from the media industry, will see our company delivering strong financial performance in the coming years.”

17th May 2023, Kolkata:On the evening of 12th May 2023, leading NGO, The Bengal, celebrated ‘Rabindra Jayanti’ with more than 300 senior citizen members of Pronam at the Body Guard Lines auditorium in Kolkata. A cultural program, celebrating the philosophy and literary works of Kavi Guru Rabindranath Tagore, was organized to mark his 162nd Birth Anniversary.

The thoughts of Tagore guides us in all aspects of our life. His poetry emphasizes the importance of respecting the beauty of nature in all its forms, valuing sustainability, and recognizing humanity as the only religion that unites us all. Gurudev once said, “I slept and dreamt that Life was Joy. I awoke and saw Life was Service. I acted and behold Service was Joy.”

At the Rabindra Jayanti cultural programme, danseuse Ms Priti Patel, a Board member of The Bengal and an exponent of Manipuri dance, in her opening speech lauded The Bengal’s ongoing efforts to assist senior citizens through Project Pronam; and their dedication to promote Bengal’s literary heritage through cultural events like Rabindra Jayanti. Ms Patel personally welcomed the senior citizen members of ‘Pronam’ who attended the program.

”The Bengal constantly helps senior citizens through Pronam by organizing cultural programmes for not only promoting culture but also to create opportunities for recreation and engagement for their mental well being. One could see the success of the programme from the enthusiastic response of the audience. I think a very meaningful and noble work is being done with these senior citizens who now know they are not alone or neglected any more. I am glad I attended the programme and met so many loving Pronam members.”

The musical performances included melodious Rabindra sangeet songs by Smt Promita Mullick, Smt Debaroti Som, Sri Swapan Som, and beloved Pronam members Sri Abir Chatterjee and Sri Debashish Roy. Sri Sitanshu Roy and Sri Tarun Das provided instrumental accompaniment to make the evening even more enchanting.

Smt Priti Patel delighted ‘Pronam’ members with an excerpt from Rabindranath Tagore’s ‘Chitrangada’, accompanied by a beautiful song sung by Smt Promita Mullick. The senior citizens gave Ms Priti Patel a standing ovation in appreciation of her wonderful performance. Compere Chandan Mazumdar said, “When lovers of art unite, it seems that in the words of Tagore, ‘Music fills the infinite between two souls’.”

During the event, Smt Sushmita Sarkar and Sri Rabin Mazumdar recited Kabi Guru’s ‘Jhorer Kheya’ and ‘Africa’.

The program concluded with a performance of a final song by Mr Anindya Narayan Biswas. The elderly audience was mesmerized and thoroughly entertained and expressed their deepest gratitude to Pronam for a memorable evening.

17th, May 2023  Gujarat Titans became the first team to qualify for the playoffs in TATA IPL 2023 with an emphatic win over Sunrisers Hyderabad last night. With three more spots up for grabs, five-time champions Mumbai Indians and newbies Lucknow Super Giants take on each other tonight in Lucknow as they aim to get a step closer towards booking the playoffs berth.

Living up to their ‘late bloomers’ tag, MI gathered steam in the second half of the TATA IPL 2023 and their juggernaut continues to roll. The Rohit Sharma-led side has won four of its last five games and will be aiming to pick up two vital points tonight in Lucknow.

Former India cricketer Harbhajan Singh believes Mumbai Indians can very well finish amongst the top two at the end of the league stage and give themselves an extra shot at lifting their sixth TATA IPL trophy.

Speaking on Star Sports’ Cricket Live, Harbhajan Singh said, “Mumbai Indians has once again proven, it is a champion side and it knows how to come back strongly. People weren’t counting this MI after it was on a losing streak in the first phase of the competition, but once it returned to the winning track, there was no stopping this side. It can also finish the league stage amongst the top two. If MI ends up winning the remaining two games, it will get to 18 points. GT has 18 points already and no other team will be able to get 18 points now, except MI.”

Former India cricketer Virender Sehwag has backed star MI batter Suryakumar Yadav to be the permanent batter at number three because of his brilliance against pace and spin.

Speaking on Star Sports’ Cricket Live, Virender Sehwag opined, “SKY can be the permanent No. 3 for Mumbai Indians because he’s a good player of pace and spin. Although it all boils down to the team management (when it comes to taking such decisions), but I strongly believe he should get to face more balls.”

Meanwhile, young India batting sensation Shubman Gill continued to raise his stocks in TATA IPL by slamming his maiden century in the competition.

The 22-year-old Gujarat Titans opener has been a force to reckon with in the ongoing season and left former India cricketer Harbhajan Singh impressed with the wide range of shots in his batting repertoire.

Speaking on Star Sports Studio, Harbhajan Singh said, “The speciality of Shubman Gill is that he has all kinds of shots and he chooses his shots according to the situation. When Shubman is in his rhythm, he plays pure cricketing shots and this is a testimony to how strong his batting coaching has been. He doesn’t play random shots. It’s a great feeling to watch Shubman’s straight dives and pull shots.”

Former India cricketer Sunil Gavaskar also lavished praise on this cricketer from Punjab and his ability to read the ball well.

Speaking on Star Sports Studio, Sunil Gavaskar said, “Gill has a lot of time to play shots. The reason for this is that he reads the ball well and then decides on his shot. Gill is in the right balance and his head position is good while playing any shot, and he also executes it well.”

Catch LIVE & Exclusive action of Lucknow Super Giants vs Mumbai Indians, 16 thMay, 2023, 7.30 PM onwards, on the Star Sports Network

Bangalore, 17th May 2023: ACC Limited, the cement and building material company of Adani Cement and part of the Adani Group, has been a pioneer in building innovative concrete solutions. The company’s ongoing innovation process is consistent with ACC Bagcrete, a proportional balance of premium components produced to generate high quality concrete mix.

The company has added a new product dimension to the building industry with ACC Bagcrete, a hassle-free, smart, and user-friendly concrete solution for all types of construction demands. A stronger, more durable final product is produced as a result of the pre-blended components being meticulously measured to ensure uniform quality.

The product was created to offer the best compressive strength (10 MPa to 80 MPa), exceptional workability retention, and unmatched ease of placement, a trifecta of attributes that set it apart from competing products. In contrast to traditional concrete, which necessitates the mixing of various components on-site, it is a pre-blended mixture of cement, sand, and aggregates. For building projects that call for a quick and effective application method, ACC Bagcrete is ideal.

There are two functional variants of the versatile building material ACC Bagcrete: Dry-Mix and Wet-Mix. The Dry-Mix is pre-blended concrete that may be used right away with just the addition of water. Wet-Mix is pre-mixed, immediately usable concrete that doesn’t require any additional mixing before use. This can be especially helpful in places with scarce water supplies or where conventional concrete mixing techniques are impractical. Both kinds of ACC Bagcrete are of exceptional quality and effectiveness. This unique concrete solution is ideal for remote job sites and maintenance projects since it can be easily transported in the form of bags, enhancing productivity.

Mr. Ajay Kapur, CEO, Cement Business, said “We are dedicated to pursuing product innovations and offering the finest products and services to our customers. We have always strived to create products of the highest calibre in order to meet the varied needs of our customers and assist them in constructing robust structures. ACC Bagcrete is a unique product that not only meets but also exceeds the demands of our customers.”

The prestigious university IIT Bombay has recently reaped significant benefits of using ACC Bagcrete for a special need in its R&D Lab of Civil Engineering Department. The M80 Grade ACC Bagcreate has also been used in various NHPC projects in spillway repairing. ACC Bagcrete is a unique solution that guarantees minimal waste, accelerates construction, and improves longevity with constant quality. In conclusion, dry-mix concrete is a versatile and convenient option for construction projects of all types.