NTPC – H1 FY24 Unaudited Results

The Country’s largest power generator – NTPC Ltd., with a present group installed capacity of almost 74 GW, declared unaudited financial results for the Quarter and half years ending on 30th September on 28 October 2023.

NTPC Group generated 212 Billion Units in H1 FY24 as compared to 204 Billion Units in H1 FY23. NTPC’s standalone gross generation in H1 FY24 is 179 billion Units as compared to 176 Billion Units in the corresponding previous period.

NTPC Coal stations achieved a Plant Load Factor of 76.62% as against the National Average of 68.75 % during H1 FY24.

On a standalone basis, the Total Income of NTPC for H1 FY24 is ₹ 81,199 crore as against the corresponding previous period’s total income of ₹ 82,537 crore. Profit After Tax (PAT) for H1 FY24 is ₹ 7,951 crore as against ₹ 7,048 crore in H1 FY23, registering an increase of 13%. This increase is largely attributable to capacity addition and higher station availability.

On a consolidated basis, the Total Income of the group for H1 FY24 is ₹ 88,775 crore as against the corresponding previous period’s total income of ₹ 88,242 crore. Profit After Tax (PAT) of the group for H1 FY24 is ₹ 9,634 crore as against the corresponding previous period PAT of ₹ 7,396 crore, registering an increase of 30%.

The Board of Directors has approved First interim dividend for FY24 @ 22.5 % of paid-up share capital i.e. ₹2.25 per equity share of the face value of ₹10/- each.

Mercure Hyderabad KCP hosts ‘Cake Mixing Ceremony’

Mercure Hyderabad KCP

Hyderabad: 30th October 2023: In order to usher in the festive fervor, Mercure Hyderabad KCP hosted an extravagant “Cake Mixing Ceremony”. The environment was filled with the sound of pre-Christmas songs and cheerful background music. Spreading the spirit of the festivities, the event brought together socialites, hotel associates, corporate guests, senior management and the in-house guests actively participating in the cake-mixing ceremony.

The event was held at the newly revamped terrace on the 12th floor of the hotel, overlooking beautiful Hussain Sagar Lake. A large table was set with candied ginger strips lining the bottom, and huge trays filled with fruit including glazed red cherries, tutti-frutti, black currants, dates, dried apricots & figs. These fruits along with spices like cardamom, cinnamon were used for the cake mixing. And of course, the all-important ‘spirit of the season’ in bottles, including wine, rum and whiskey etc., was flown in abundance to soak the fruit in. Guest were provided with gloves, aprons and Chef Caps. Everyone began mixing with a handful of fruits, ceremoniously dumped into the table. This delightful event served as a warm welcome to the upcoming Christmas and New Year celebrations, setting the stage for a season filled with good tidings and happiness.

Speaking on the occasion, Mr. Parag Shah, General Manager, Mercure Hyderabad KCP, said, “The Cake Mixing Ceremony has become a tradition at Mercure Hyderabad KCP, celebrated in a fun-filled atmosphere every year and we wanted to continue this tradition. The cake mixing ceremony is symbolic of all the good times ahead and starting the season of giving on a happy note cherishing the bond each team member shares with the other.” This is a great opportunity for us to bond with our guests and create memorable events at the property”.

Venus Industries Ushers an Era of Opulence with Launch of its Royal 2023 Collection

Venus Industries Ushers

Venus Industries has been the hallmark of excellence in hospitality supplies in India for over six decades. With a legacy spanning 63 years, Venus brings rich experience in manufacturing top-notch products for royalty and 5-star hotels worldwide. The company’s alliance with premium hotels such as The Oberoi, Hyatt, Taj Hotels, ITC, Shanri-La, and more is a testament to its outstanding quality and service.

Owing to their success in the hospitality sector, Venus Industries is happy to share the exclusive collection now for homeowners. Venus Industries, India’s leading designer and manufacturer of luxury homeware, tableware, flatware, holloware, and barware, proudly presents its most ambitious collection to date, promising an era of opulence and grandeur in Indian households. With a catalog of over 1600 exquisite products, each infused with aristocratic charm, the Royal 2023 Collection is a testament to the company’s dedication to bringing a touch of regal living to homes across India.

The main highlights of the Royal 2023 collection are, the majestic 3-tier fruit stand with an antique silver finish and glass trays, this stand lends palatial charm to living rooms. For lavish dinner parties, the gold and silver ice buckets keep drinks chilled in a resplendent style. The buckets come with leather handles for carrying convenience and make excellent barware. Inspired by royalty, the intricately designed Silver Enameled Peach Pooja Thali and the Crystal Aroma Candles create an aura of luxury and celebration that is worth the mention.

“The Royal 2023 Collection is a tribute to India’s rich heritage of craftsmanship and artistry,” said Mrs Seema Khurana, MD, Venus Industries. “We believe that every home should be a sanctuary of opulence, and this collection is a testament to our commitment to bringing aristocratic grandeur into the daily lives of our discerning clientele.”

The Royal 2023 Collection encompasses a wide range of meticulously crafted products, including fine bone China dinnerware, crystal glassware, intricately designed silverware, and opulent home decor. From elegantly hand-painted plates to intricately etched crystal wine glasses, every piece is designed to elevate the art of dining and home decor.

Venus Industries is proud to maintain its commitment to sustainable and ethical practices in the creation of its luxurious homeware. All materials used in the Royal 2023 Collection are responsibly sourced, and the manufacturing process adheres to the highest ethical and environmental standards, in line with the brand’s dedication to corporate responsibility.

“With the Royal 2023 Collection, we invite homeowners to transform their living spaces into havens of luxury and refinement,” said Mr. V. Khurana, MD at Venus Industries. “This collection is a true embodiment of our commitment to creating exceptional homeware and tableware that reflects India’s rich cultural heritage. Homeowners can find over 1600 products in the complete range across Venus Industries’ store at Basai or visit www.venusindustries.in . From statement furniture to dinner sets, barware, kitchenware, serve ware, and more, the new collection has something for every space and need, he added.

Mr. Khurana further added, “With this new range, it is our aim to make designer luxury more accessible to our patrons. Our partnerships with premium hotels allow us to understand fine living and reflect it within reach of Indian homes.”

Established in 1963 by Mr. J K Khurana, Venus Industries is a pioneering force in manufacturing exceptional homeware and tableware for the luxury hospitality industry in India and abroad. In a journey spanning over six decades, Venus has become synonymous with aristocratic living and royalty through its craft.

Marquez stars in Sprint to fiery fourth, Mir recovers seven places

Marquez stars

Thailand,30th October 2023 Going right down to the last corner of the last lap, Marc Marquez kept the crowd on the edge of their seats as he put it all on the line to snatch fourth place in true Marc Marquez fashion. Behind, Joan Mir authored one of his strongest comebacks to make up seven positions.

Saturday in Buriram was another intense day of MotoGP action as lap records fell from almost the first moment of the day. Marc Marquez triumphed through a hard-fought Q1 session to start the day in Thailand, joining the fight for the top 12 soon after. A best lap of 1’29.622 later in the session earned the eight-time World Champion eighth place on the grid for the day’s Sprint Race and Sunday’s Grand Prix. Starting just behind his brother, Alex Marquez, the #93 shot off the line and immediately began working his way forward.

Sitting comfortably in the group battling for the top five, Marquez saved himself and his tyre for the end of the race. Dropping as low as sixth place, Marquez dug deep and put it all on the line in the final two laps to pass Bezzecchi and enter into an intense battle with Aleix Espargaro for fourth place. As in 2019 with a World Championship on the line, it came down to the final corner and in repeat fashion Marquez got the crowd on their feet as he slipped ahead to seal fourth.

From 19th on the grid after a difficult Q1 session, Joan Mir was immediately in attack mode as he began to relentlessly march forward. Making up a handful of places in the first corners, his progress through the field was steady as he matched the lap times of the top ten. Crossing the line in 12th, the 2020 MotoGP World Champion finished seven places higher than he started. Content with the speed he showed, Mir is hoping to put his learning into action on Sunday and return to a point scoring finish.

Tomorrow’s main event, the Thai GP, is scheduled to start at 15:00 Local Time and will run over 26 laps.

Marc Marquez (Fourth)

“It was a really busy day today, it’s always like that when you go through Q1. The team did a really good job and we were able to improve, I could ride in a better way and made it to Q2. From starting on the third row we were able to stay in contact with the front group and we were able to put on a good show and have a fun race. The Sprint overall was much better than I expected, we made a good start and battled until the end. The last corner was the opposite of 2019, I attacked and made it stick instead of defending from someone else’s attack. It looks like I have the correct braking point at that corner!”

Joan Mir (12th)

“It was a harder day than I was expecting. Starting from 19th you have a lot to deal with and even when you have the speed like we had today, there’s still a lot of work to do. Finishing 12th is not bad, it was quite a real position and I think we need to be content with what’s been achieved today. My pace wasn’t for the top five, but certainly if we started ahead we could have been there in the points. Anyway, we learned some more about the bike and we will use this knowledge tomorrow.”

Thai GP – Sprint Race

 

Pos. Rider Num Nation Points Team Constructor Time/Gap
1 MARTIN JORGE 89 SPA 12 Pramac Racing Ducati 19’41.593
2 BINDER BRAD 33 RSA 9 Red Bull KTM Factory Racing KTM 0.933
3 MARINI LUCA 10 ITA 7 Mooney VR46 Racing Team Ducati 1.841
4 MARQUEZ MARC 93 SPA 6 Repsol Honda Team Honda 3.503
5 ESPARGARO ALEIX 41 SPA 5 Aprilia Racing Aprilia 3.581
6 BEZZECCHI MARCO 72 ITA 4 Mooney VR46 Racing Team Ducati 4.029
7 BAGNAIA FRANCESCO 1 ITA 3 Ducati Lenovo Team Ducati 4.121
8 MARQUEZ ALEX 73 SPA 2 Team Gresini Racing MotoGP Ducati 6.727
9 ZARCO JOHANN 5 FRA 1 Pramac Racing Ducati 7.323
10 MILLER JACK 43 AUS 0 Red Bull KTM Factory Racing KTM 9.24
11 QUARTARARO FABIO 20 FRA 0 Monster Energy Yamaha MotoGP Yamaha 9.339
12 MIR JOAN 36 SPA 0 Repsol Honda Team Honda 10.356
13 BASTIANINI ENEA 23 ITA 0 Ducati Lenovo Team Ducati 12.312
14 FERNANDEZ RAUL 25 SPA 0 RNF MotoGP Team Aprilia 15.39
15 MORBIDELLI FRANCO 21 ITA 0 Monster Energy Yamaha MotoGP Yamaha 15.535
16 ESPARGARO POL 44 SPA 0 Tech3 GASGAS Factory Racing KTM 15.644
17 OLIVEIRA MIGUEL 88 POR 0 RNF MotoGP Team Aprilia 17.753
18 VINALES MAVERICK 12 SPA 0 Aprilia Racing Aprilia 22.675
19 NAKAGAMI TAKAAKI 30 JPN 0 LCR Honda Honda 37.854
20 DI GIANNANTONIO FABIO 49 ITA DNF Team Gresini Racing MotoGP Ducati DNF
21 FERNANDEZ AUGUSTO 37 SPA DNF Tech3 GASGAS Factory Racing KTM DNF

 

Rider Standings

 

Pos. Rider Num Nation Points Team Constructor
1 BAGNAIA FRANCESCO 1 ITA 369 Ducati Lenovo Team Ducati
2 MARTIN JORGE 89 SPA 351 Pramac Racing Ducati
3 BEZZECCHI MARCO 72 ITA 297 Mooney VR46 Racing Team Ducati
4 BINDER BRAD 33 RSA 233 Red Bull KTM Factory Racing KTM
5 ESPARGARO ALEIX 41 SPA 190 Aprilia Racing Aprilia
6 ZARCO JOHANN 5 FRA 188 Pramac Racing Ducati
7 VINALES MAVERICK 12 SPA 170 Aprilia Racing Aprilia
8

TVS Credit registers a net profit after tax of Rs.252 Crore for H1 FY24 with book growth of 14%

TVS Credit registers

Bangalore,30th October 2023 VS Credit Services Limited, one of India’s leading NBFCs, published its unaudited financial results for the quarter and half-year ended September 30, 2023, which reflect the Company’s robust growth and financial stability.

The NBFC reported a net profit after tax of Rs.252 Crore for H1 FY24. The Company’s AUM as of Sep’23 grew by 14% to Rs. 23,516 Crore as compared to Rs.20,602 Crore as of Mar’23. The Company reported a quarterly net profit after tax of Rs.134 Crore for Q2 FY24.

Q2 FY24 Results Summary:

  • · Total Income was Rs.1,399 Crore for the quarter, a rise of 46% as compared to Q2 FY23
  • · Net profit after tax for the quarter was Rs.134 Crore as compared to Rs.96 Crore in Q2 FY23, a growth of 40%

In the first half of FY24, credit demand continued to be strong aided by higher consumption and infrastructure outlay by the Government. During H1 FY24, TVS Credit’s business witnessed significant growth, led by the robust performance of Consumer Loans with a book growth of 59% compared to H1 FY23. The Company also added 20 Lakh new customers during H1 FY24, resulting in a total customer base exceeding 1.2 Crore. As part of the digital transformation initiatives, TVS Credit has also transitioned all applications onto the cloud platform, enhancing operational efficiency and performance.

With the festive season on the horizon, TVS Credit is set to unveil a range of special product schemes and exciting consumer promotions to help individuals fulfil their aspirations.

The Advanced Data Analytics Program at Madrid Software has Grown by 200% in 2023

Delhi, 30th October 2023 – Madrid Software, a preeminent provider of education in data analytics, is thrilled to report that their Advanced Data Analytics program has increased by an astounding 200% by 2023. Their growth has been ascribed to steadfast dedication to providing their students with excellent placement options and high-quality education. Madrid Software’s exceptional growth has been attributed in large part to its commitment to providing project-based learning opportunities. Employers in the data analytics field particularly value the practical experience with Advanced Data Analytics programs to work on real-world projects.

About 400 students in 2022 and 1000 students in 2023 have been trained by Madrid Software Data Analytics. The notable surge in the number of students opting for Madrid Software is an indication towards the commitment offering the best learning environment in the data analytics domain. “We are overjoyed to witness our Advanced Data Analytics program’s explosive expansion in 2023. The industry’s response to Madrid Software’s commitment to preparing students for successful employment in data analytics has been extremely positive, according to the company’s founder, Amit Kataria.

The modern facilities of Madrid Software in Delhi, where the sessions will be hosted guarantee a supportive learning environment. Additionally, the courses offer flexibility to accommodate individual preferences by being available for both in-person and online attendance.

Madrid Software’s increasing popularity has fueled it with an excellent placement record. Their industry ties and career counseling services guarantee that students are equipped with highly sought-after skills and are well-prepared for the

ICOMM- CARACAL showcase a range of high-precision weapons to be made in India

ICOMM- CARACAL

New Delhi, 28 October 2023: In a move aimed at showcasing India’s potential in being self-reliant and making defence equipment in the country, CARACAL, a leading firearms producer within EDGE group, in collaboration with MEIL’s ICOMM showcased a range of super-efficient and high-precision weapons at the Milipol India 2023, the Indo-Pacific’s premier international event for homeland security.

The weapons displayed are set to be made locally by ICOMM-CARACAL in Hyderabad, giving a substantial push to Prime Minister Narendra Modi’s Make in India call. These indigenous weapons will add to India’s security apparatus going forward.

India’s manufacturing boost in defence equipment will further boost Prime Minister Narendra Modi’s vision of Aatmnirbhar Bharat.

Among the weapons displayed at the inaugural edition of the three-day event were highly-dependable combat pistols, sub-machine guns, mission-proven rifles, and precision sniper rifles. CARACAL-ICOMM showcased their versatile 9mm combat pistols, modern sub-machine gun, mission-proven assault rifles and high-performance bolt action sniper rifles.

On the occasion, Mr. Hamad Al Ameri, CEO of CARACAL, said, “Participating in Milipol India 2023 provides an ideal opportunity for CARACAL to showcase firearms that are tailored to the operation. CARACAL pays careful attention to the requirements of end-users, not only in the military but those in internal security roles as well. Over the past three years, CARACAL has shown a dynamic capability to develop and manufacture advanced, customer-centric solutions that end-users can depend on for mission success.”

Managing Director (MD) of ICOMM, Mr. Sumanth Paturu, said, “We are excited about our partnership with CARACAL as this marks a significant milestone in bolstering India’s homeland security and defence sectors. Our vision is to bring cutting-edge technology to these critical domains, contributing to PM Shri Narendra Modi’s Make in India vision for a self-reliant and secure nation.”

The companies’ participation at Milipol India 2023 follows a partnership licensing agreement signed earlier this year with Megha Engineering & Infrastructures Ltd. (MEIL) group company ICOMM, an India-based leader in the production of missiles, communications and EW systems, UAVs, electro-optics, and counter-drone systems.

The agreement includes an on-going Transfer of Technology (ToT) in defence articles from the UAE to India.

The three-day flagship exhibition was held at Pragati Maidan between October 26 and 28.

Aditya Birla Sun Life Mutual Fund Launches Transportation and Logistics Fund

Bangalore, 28th October 2023 Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, an investment manager to Aditya Birla Sun Life Mutual Fund, has announced the launch of Aditya Birla Sun Life Transport and Logistics Fund, an open-ended equity scheme following the transportation and logistics theme. The new fund offer will remain open from 27th October 2023 to 10th November 2023.

The transportation and logistics theme covers a wide range of sectors. The transportation theme includes sectors like automobiles and auto ancillary while the logistics theme includes sectors like ports, warehousing/supply chain, e-commerce and allied sectors. The sectors common to both themes would be shipping, railways, infrastructure and airlines.

It is a large, diversified theme comprising of 20 basic industries with approximately 200 companies that form a part of the listed universe. The fund provides a mix of urban and rural, domestic and international opportunities. Additionally, innovation and new technologies are integral components of this theme.

The Equity portion of the portfolio will follow growth at a reasonable price (GARP) and can invest across various sectors within the theme.

Commenting on the new fund launch, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, “The transportation and logistics sector offers a plethora of opportunities for an investor. Some of these include the low penetration of passenger vehicles, rising aspirations of buyers backed by increasing per capita income and improving affordability of passenger vehicles, strong government support to EVs, export growth and good domestic manufacturing capabilities of auto ancillaries, and the boost to logistics due to expanded interconnectivity of rail, road and ports to improve mobility with efficiency.”

LG Unleashes Next-Level Audio Experience with the Latest XBOOM Series

LG Unleashes Next

Bengaluru, 28 October 2023 – LG Electronics, one of the leading consumer durable brands in India, today announced the launch of its latest ‘LG XBOOM’ series. The speakers aim to transform the way people enjoy music and audio by prioritizing convenience, delivering potent sound and providing captivating lighting effects.

LG XBOOM, the ultimate partner for parties, merges superb sound quality with dazzling lighting effects to generate a vibrant ambiance. The XBOOM series features the XL7S and XL5S models, both delivering unmatched features and advantages for music lovers and those who love to celebrate. For outdoor adventurers and outstation travellers alike, the XBOOM series ensures an immersive musical experience and captivating lighting wherever the journey takes them.

Commenting on the launch, Mr. Hak Hyun Kim, Director- Home Entertainment, LG Electronics India said, “We are delighted to introduce the LG XBOOM series, representing a significant advancement in audio technology. These meticulously designed products are poised to revolutionize the audio experience for our consumers. Moreover, boasting outstanding features, robust sound reproduction, and captivating lighting effects, the fresh LG XBOOM series is poised to establish itself as the top pick for gatherings, occasions, and everyday enjoyment.”

The USP of the LG XBOOM series lies in its convenience features. The LG XBOOM speakers are designed for convenience with a rugged build and ergonomic handles, making them a grab-and-go solution that’s easy to carry wherever you need it. The LG XBOOM XL7S has an impressive 20-hour battery life* while the LG XBOOM XL5S has a 12-hour battery life*[1] and both the speakers have an IPX4 Water Resistant rating that can withstand water splashes.

Turn any event into a karaoke extravaganza with the LG XBOOM XL5S and XL7S speakers. Simply plug in your microphone and sing your heart out. You can even connect a guitar and host your very own acoustic concert, making it a versatile choice for musical entertainment.

Users can utilize the “My Pick” feature on the XBOOM app to personalize and customize their own party lighting with three special lighting effects and also control its brightness. They can craft their own dazzling light show with flashy double strobe lighting and vibrant Multi Color Ring Lighting for an unforgettable experience.

LG XBOOM XL7S

The LG XBOOM XL7S produces immense sound booming bass and clear high notes. With a colossal 250W output, the LG XBOOM XL7S is made for large gatherings, providing an immense sound that can easily fill any venue.

With the LG XBOOM XL7S’s animated pixel display, you can personalize your audio experience by showcasing your own texts and pre-set animations on the product LED panel. This is one of the best features which allows you to your own texts or animations on the product LED panel, adding a unique touch to your event.

The LG XBOOM XL7S features an impressive beat-driven light show called Multi Color Ring Lighting. These vibrant lights dance in sync with your music, infusing dynamic energy into any party or gathering. In addition to the vibrant Multi Color Ring Lighting, the XBOOM XL7S also boasts an exhilarating “Double Strobe” lighting feature. The synchronized double strobe lighting isn’t just visually stunning—it enhances the overall audio-visual synergy, giving your event a club-like ambiance.

The XBOOM app’s “My Pick” feature lets you customize party lighting, tailoring it to your event. Whether you’re a DJ or a music enthusiast, this enhances the party vibe. Choose animations or craft a custom message, doubling the fun for the crowd. Perfect for DJs, the XBOOM XL7S offers specialized tools like DJ Pad, DJ effects, and DJ loop, elevating performances. DJ Pad provides seamless beat control, while DJ effects and DJ loop enable dynamic mixes. Personalized messages through the XBOOM app add a fantastic touch, ideal for DJs and hosts to amplify the occasion, ensuring a lively and memorable experience.

Moreover, the XBOOM XL7S is not only about stunning visuals and pulsating lights; it’s also incredibly versatile when it comes to live performances. With two dedicated inputs for karaoke microphones and a guitar, this audio powerhouse transforms into a complete entertainment system.

Experience the bass power with the LG XBOOM XL7S, featuring an impressive 20.32 cm Giant Woofer. This speaker is designed to provide a more powerful bass, delivering a deep and bold sound that will captivate and energize the entire crowd.

One can feel the bass even at lower volumes with the Dynamic Bass Optimizer. This innovative feature ensures you can experience boomy bass without any distortion, delivering a balanced and satisfying sound quality at any volume level. Its two 6.35 cm dome tweeters ensure that high-frequency notes are heard with precision, delivering an enhanced audio experience.

With telescopic handle and wheels, carrying LG XBOOM XL7S got extremely easy. It also tilts back, allowing one to carry it like a luggage.

LG XBOOM XL5S

Turn on the LG XBOOM XL5S anywhere, and watch as it effortlessly transforms any venue into a private club, immersing you in jaw-dropping, massive sound with crystal-clear high notes. One can experience the thrill of body-shaking sound as the LG XBOOM fills the room with its giant 200W output, creating a powerful party atmosphere.

With its impressive 16.51 cm Giant Woofer, it delivers powerful bass that truly sets the stage for any venue. The speakers are equipped with Dynamic Bass Optimizer that allows you to enjoy balanced sound without distortion of the bass.

With two 6.35 cm dome tweeters, this speaker ensures crisp and clear sound, allowing you to hear high-frequency notes clearly whether you’re indoors or outdoors.

The LG XBOOM XL5S turns any gathering into an electrifying party with its vibrant party lighting. The dazzling double strobe lighting adds a dynamic flair, synchronizing with your music for an enthralling experience. Using the My Pick feature on the XBOOM app, you can craft your personalized light show, enhancing the party vibe.

Not just limited to lighting, the XL5S transforms events into karaoke extravaganzas. Simply plug in your microphone and unleash your vocals or connect a guitar for an impromptu acoustic concert. With a remarkable 12-hour battery life and a convenient handle, it’s designed for on-the-go fun.

The XL5S is built tough with ergonomic handles, ensuring easy portability. Plus, its IPX4 Water Resistant rating means it can handle those unexpected water splashes, adding durability to the excitement.

The LG XBOOM XL7S and XL5S models will be available at a starting price of Rs 54,990/- and Rs 44,990/-, respectively.