Archives August 2023

Mumbai, 4th August 2023: Promate, a leading consumer electronics brand, launched its most awaited smartwatch – XWatch-S19. This rugged smartwatch, available in captivating colors – Black and Military Green, is designed to be the ultimate fitness companion. India. Boasting a remarkable 1.95-inch Edge-to-Edge semi-curved TFT Display with the biggest screen-to-body ratio ever seen in smartwatches in India, the XWatch-S19 sets a new standard in wearable technology.

The XWatch-S19 smartwatch has successfully passed several military-grade tests, demonstrating its exceptional toughness. , the XWatch-S19 is the perfect companion for busy professionals and avid travelers alike. The XWatch-S19 features the industry’s first 1.95-inch TFT real BIG display with 500 nits of peak brightness and a resolution of 240X282, providing users with a vivid and immersive viewing experience. Xwatch S-19 weighs just 40g and features a sturdy frame. With an impressive battery life of 10-12 days on a single charge Engineered to withstand the elements, the XWatch-S19 is dust and water-resistant, making it suitable for outdoor adventures and daily wear.

Equipped with advanced health and fitness features, the XWatch-S19 offers real-time heart rate monitoring, blood oxygen monitoring and sleep tracking. Moreover, the smartwatch supports 100+ sports modes, providing athletes, fitness enthusiasts, and casual exercisers with real-time tracking and insights. Users can access detailed data recording and monitoring using the smartwatch’s wellness app – the XWatch app, receiving comprehensive reports on a daily, weekly, and monthly basis.

The XWatch-S19’s Bluetooth 5.1 Technology ensures seamless connectivity while on the move and supports effective hands-free Bluetooth calling. Syncing effortlessly with both Android and iOS devices, the XWatch-S19 allows users to access notifications, calls, and messages directly from their wrists. Also, XWatch-S19 will be provided with two grade-1 silicon straps and two Wireless chargers.

Speaking on the launch, Gopal Jeyaraj – Head of India & SAARC said, “At Promate, we believe that technology should empower individuals to push their limits and embrace every opportunity fearlessly. The XWatch-S19 embodies this philosophy, equipping users with the tools they need to thrive in any environment – be it on rugged trails, underwater depths, or bustling city streets. With its robust design and cutting-edge features, the XWatch-S19 is purpose-built to conquer any adventure and withstand the challenges of the most demanding lifestyles.”

New Delhi, India,4th August 2023 Global Capability Centers (GCCs) in India are witnessing a remarkable surge in hiring, contrasting with Indian IT services firms that are primarily relying on their existing talent pool, as per their Q1FY24 results. This is owing to the recessionary pressures and macroeconomic headwinds restraining hiring in the West, especially for IT Sector. NLB’s recent study on GCCs in India revealed that out of over 1500 GCCs in the country, nearly 78% have established operations in India to augment or create a superior talent pool. Encouragingly, 8% of GCCs anticipate their workforce to double within 2023, resulting in the creation of approximately 3.64 lakh new jobs.

In response to the burgeoning growth of Global Capability Centres (GCCs) in India, Sachin Alug, CEO of NLB Services, said, “Despite prevailing challenges in the global economy, India’s expanding tech workforce and expertise in cutting-edge technologies like Generative AI, Quantum Computing, Robotic Process Automation, and Blockchain underscore India’s remarkable potential as a talent powerhouse to address GCCs growth strategy. Over the past year, industries such as Automotive, BFSI, Pharma, Retail, Energy, and Telecom have emerged as significant drivers of demand for specialized technology profiles, including Data Scientists, Sustainability Data Analysts, Statistical Analysts, Blockchain Experts, Cybersecurity Professionals, AL/ML Engineers, among others. Remarkably, this demand has displayed a consistent quarter-on-quarter increase of almost 12-15% throughout the previous year, and such momentum is anticipated in the current financial year as well. NLB, with its vast global exposure to these industries, is well-positioned to support the capability expansion plans of GCCs in India. We have been collaborating with various corporates to skill and place tech talent for emerging technologies and we will continue to focus on a hire-train-deploy model for fulfilling these niche requirements.”

In conclusion, despite the headwinds, GCCs will continue to leverage India’s vast pool of skilled professionals to bolster their workforce and fuel their growth trajectory. Automotive, BFSI, and Energy are anticipated to play a pivotal role in propelling this hiring surge both in tech and non-tech roles, as they continue to demand niche skills. As the number of GCCs in India is expected to surpass 2000 in the next 3-4 years, the optimistic hiring sentiments of GCCs serve as a testament to the country’s growing stature as a preferred destination for tech talent and a key driver of global expansion.

Below are some of the key skills that are expected to be in demand for FY24 from GCCs.

Skills	Key Sectors	Expected demand in FY24
AI & ML	Financial Services, Manufacturing	20-25%
Data Analytics	Healthcare, Financial Services	15-20%
Cybersecurity	Telecom, Financial Services	15-20%
Cloud Computing	IT/ITeS, Retail	15-20%

New Delhi – Redcliffe Labs, a leading omnichannel Pan India diagnostics service provider, has collaborated with Abbott India, a global healthcare giant to introduce Clinical Decision Support (CDS) also known as AlinIQ, powered by various proprietary technologies including Big Data Engines and Artificial Intelligence (AI). This groundbreaking development aims to revolutionize healthcare, offering promising solutions to enhance patient care and convenience.

Redcliffe Labs has taken a significant step forward by becoming the first in the diagnostics industry to adopt the newly launched AI-based AlinIQ Clinical Decision Support system. The rollout took 24 months towards implementing the advanced platform. This cutting-edge technology empowers consumers but also clinicians and other healthcare professionals with unparalleled insights and recommendations, revolutionizing medical decisions.

In the modern healthcare landscape, the abundance of data, commonly known as ‘Big Data,’ poses challenges to clinical decision-making. Clinical high-quality laboratories platforms, like Redcliffe Labs, contribute significantly to this data generation by continuously conducting advanced health tests for accurate diagnosis. The complexity introduced by this vast information has increased the burden on healthcare professionals. Redcliffe Labs aims to alleviate this burden, enabling more efficient and informed decision-making for improved patient outcomes.

Redcliffe Labs recognized the need to transform this vast data into meaningful, actionable insights. The AI-powered CDS System bridges the gap, providing healthcare professionals with user-friendly, personalized, and easy-to-interpret information.

The CDS system goes beyond traditional laboratory reporting by utilizing AI-driven algorithms to apply decision-making to individual patient cases automatically. It enables healthcare professionals to access scientific interpretations based on clinical recommendations, providing enhanced insights for better treatment decisions.

By adopting the latest AI technology, Redcliffe Labs is leading the way toward a more personalized and precise approach to healthcare, contributing to a brighter and healthier future for every Indian.

Redcliffe Labs, pioneering unwavering advancements in the diagnostic industry, has consistently forged strategic partnerships with prominent healthcare and technological brands, including Roche Diagnostics, MongoDB, BD-Max MDR TB, and Abbott. These collaborations share a common objective to provide convenient, accurate, high-quality, and affordable diagnostic services to the people of India, ensuring accessibility, affordability and excellence in healthcare.

“At Redcliffe Labs, our unwavering commitment to advancing patient care through innovation and technology has led to the development of the AI based CDS system,” stated Dheeraj Jain, Founder & MD of Redcliffe Labs. “Our state-of-the-art CDS represents a giant leap forward in the diagnostic healthcare sector, empowering our skilled clinicians with invaluable insights to provide the best possible care for our patients.”

Mr. Jamshyed Patrawala, Country Head of Abbott India, emphasized that this integration marks a significant milestone in the diagnostic industry, promising to enhance the overall diagnostics landscape of the country. He believes this advancement will greatly support clinicians and provide better convenience for individuals, as they will receive comprehensive and personalized reports, unveiling their comparative health condition.

The collaboration between Redcliffe Labs and Abbott has been instrumental in successfully implementing the AlinIQ CDS system.

Dr. Sohini Sengupta, Medical Laboratory Director at Redcliffe Labs, led the CDS project by enabling the customization of clinical guidelines, which will form the basis for generating personalized patient-centric reports at Redcliffe Labs. These were configured for over a year in close association with Dr. Shane Brown, Clinical Consultant at Abbott.

In an era of digital transformation and personalized medicine, Redcliffe Labs’ pioneering initiative with the AI-based CDS System signifies a giant step towards achieving value-based healthcare and enhancing the clinical care continuum for every patient.

Celebrate the essence of true friendship in the heart of Pune at the renowned Conrad Pune’s Coriander Kitchen with the “Back to School” concept that reflects the playful spirit of Friendship Day, offering a nostalgic touch combined with delectable dishes to create a memorable brunch experience.

Mark your calendars for this weekend, as we invite you and your closest friends to an extraordinary gastronomic experience offering a broad variety of scrumptious and unique flavors ranging from Asian, Indian, and Western buffets to vibrant and tangy flavors of Delhi Chaat, Jhol Momo, Korean Hot Dog, and Nalli Nihari with Khameeri Roti. You can also experience the joy of live Popcorn stations, and French crepe stations, and take a trip down memory lane with the Golawala Chuski Counter, Candies, and Churros Cart.

Don’t miss this chance to celebrate friendship and indulge in a feast filled with warmth, laughter, and camaraderie. So, come join us at Coriander Kitchen on this culinary adventure and create cherished memories with friends that will last a lifetime.

Bangalore, 4th August 2023: Sony announced today the new ZV-E1, an interchangeable-lens vlog camera with a high-performance 35mm full-frame image sensor for the ultimate content creation experience. Positioned at the top of Sony’s Vlog camera line-up, it boasts Sony’s E-mount[i], advanced technology, cinematic imagery with rich gradation performance, low noise, and high sensitivity. The world’s most compact, lightweight body[ii] offers outstanding mobility, whilst refined operation gives vloggers maximum creative freedom and versatility.

“We are thrilled to introduce the ZV-E1, a camera designed specifically for vloggers and content creators. Its exceptional image quality, compact size, and innovative features will empower creators to produce captivating and immersive content. We believe the ZV-E1 will revolutionize the way stories are told, and we are proud to be at the forefront of this evolution.” said Mukesh Srivastava, Head of Digital Imaging Business at Sony India.

1. With Sony’s special launch offer, enjoy benefits worth Rs. 19,170/- on the purchase of ZV-E1 camera

Sony India has announced a special launch offer under which customers will get benefits worth Rs. 19,170/- which includes a shooting grip with wireless remote commander (GP-VPT2BT) worth Rs.10,590/-, battery charger (BC-QZ1) worth Rs. 6,790/- and soft carrying case (MII-SC5) worth Rs. 1,790/- at no additional cost on purchase of ZV-E1 camera. This is a limited-period offer and is valid until stocks last.

2. World’s smallest, lightest full-frame interchangeable lens vlog camera with high-quality image processing unit and a full-frame back-illuminated sensor for perfect image quality and stunning bokeh effect

The ZV-E1 is a dedicated vlog camera that features a 35mm full-frame back-illuminated CMOS Exmor R™ sensor, with approximately 12.1 effective megapixels, that delivers high sensitivity, low noise and gorgeous bokeh. With up to 8 times[iii] more processing power than previous types, the BIONZ XR™ image processing engine markedly boosts high-sensitivity performance, gradation rendering, color reproduction, low-noise performance, and more. The high volume of data generated by the image sensor can be processed in real-time, even when shooting 4K (QFHD: 3840 x 2160) footage at 120p[iv]. The BIONZ XR processor also contributes significantly to improved AF speed and precision.

3. Revolutionary video recording unleashing full-frame clarity, unmatched quality and color depth

High-quality 4K (QFHD) video can be recorded with full-frame readout at 10-bit 4:2:2, without the need for pixel binning. This makes the expressive advantages of the full-frame format available for video recording whilst delivering high-resolution 4K footage without moiré or jaggies.

4. Expanded range of ISO and latitude to capture natural-looking images in a variety of lightning situations without disrupting the quality

Users can shoot 4K 60p and can upgrade up to 4K 120p through the Creators’ Cloud with extraordinarily smooth 5x (max.) slow-motion imagery[v]. When directly replaying the video in slow or quick motion in the S&Q mode[vi] while using the XAVC S-I format at 60p, a maximum bit rate of 600 Mbps (4:2:2 10-bit, H.264, All-I)[vii] delivers outstanding image quality. When upgraded, and using the XAVC S format, up to 10x slow motion with Full HD resolution can be used at 240 fps[viii] providing fresh perspectives on dynamic sports and other types of action. A 15+ stop latitude[ix] makes it possible to capture natural-looking images in a wide variety of lighting situations without losing highlight or shadow detail. The vlog camera also has Flexible ISO, which is set to AUTO or manually set between 640 and 102400. The standard ISO range extends from 80 to 102400 for both stills and movies. The expanded range for stills is 40 to 409600, and the expanded range for movies is 80 to 409600. It also has a picture profile with assignable LUTs so users can create specific looks when shooting in modes other than one of the present Log modes.

5. Cinematic vlog setting to enhance the mood and look of the vlog, ensuring a healthy and natural look

The ZV-E1 can create standout content with Cinematic Vlog Setting[x] – an intuitive way to create scenes that look like feature movies. By choosing an appropriate Look and Mood[xi], anyone can create cinematic vlog footage that ideally matches the scene and creative intent. Cinematic Vlog Setting include ‘Looks’[xii] that deliver natural mid-tones, plus soft colors and smooth highlights that are essential to cinematic look and enhance skin tones, ‘Moods’[xiii] that emphasize specific colors, and AF transition speed[xiv] that determines how quickly autofocus will switch between subjects. The overall cinematic feel is further enhanced by a 24 fps[xv] frame rate and the widescreen Cinemascope aspect ratio (2.35:1)[xvi] with black bands above and below the image. For a truly cinematic look, the ZV-E1 features S-Cinetone. Based on Sony’s Cinema Line technology, S-Cinetone delivers natural mid-tones that are essential to healthy-looking skin color to deliver cinematic quality. A selection of new Creative Looks makes it easy to create interesting looks for stills and video right in the camera. 10 Creative Looks are provided as presets that can be used as they are or customized. What’s more, the newly added My Image Style[xvii] makes it possible to shoot in the Intelligent Auto or Scene Selection mode, icons on the touch-sensitive monitor make it easy to directly adjust background bokeh, brightness, and color tone, as well as select a Creative Look.

6. Innovative AI processing unit and outstanding tracking and recognition features

Real-time Recognition AF incorporates an innovative AI processing unit that uses subject form data to accurately recognize movement – human pose estimation technology uses learned human forms and postures to recognize not just eyes, but body and head position with high precision, making it possible to lock onto and track a subject facing away from the camera. The AI processing unit can even differentiate between multiple subjects having different postures and recognition of individual faces has also been improved so that tracking reliability is achieved in challenging situations such as when a subject’s face is tilted, in shadow, or backlit. In addition to Human and Animal[xviii], the AI processing unit now makes it possible to recognize Bird[xix], Insect, Car/Train and Airplane[xx] subjects, providing even greater flexibility and reliability when shooting both stills and video.

The ZV-E1 features AI-based Real-time Tracking4 that can be activated by specifying the subject and half-pressing the shutter button. The camera will then automatically track the subject, leaving the user free to concentrate on framing and composition. The new camera has a fast Hybrid AF for fast acquisition and tenacious tracking as well detailed AF settings for ultimate precision and control. A compact, precision stabilization unit and gyro sensors with optimized algorithms achieve up to 5.0-step[xxi] stabilization that helps to deliver the full image quality potential of the ZV-E1. Camera shake is detected and effectively corrected in 5 axes[xxii] and the in-body image stabilization of the vlog camera can provide effective stabilization with a wide range of lenses, including E-mount lenses that do not include stabilization of their own.

Dynamic active Mode stabilization [xxiii] is approximately 30% more effective than the Active Mode[xxiv] provided in previous models. This makes it easier than ever to shoot smooth, stable vlog footage whilst moving around for bold, dynamic expression.

Another amazing feature of the ZV-E1 is the AI-based Auto Framing for video[xxv] ideal for recording interviews, music performances, cooking, and much more. Using AI-based subject recognition technology, the Auto Framing feature automatically crops the frame to keep the subject in a prominent position when shooting video. Even without moving the camera, the framing is continually adjusted to follow the subject smoothly, which will be also helpful for a one-man shooting operation. The subject to be tracked can be easily selected via the camera’s touch-sensitive monitor or the Creator’s App on a smartphone.

7. Stable vlogging experience with multiple attributes including breathing compensation and framing stabilizer which help in a smooth vlogging experience while carrying out movements

Breathing Compensation[xxvi] suppresses image shifts whilst focusing to maintain a consistent angle of view and achieve smooth, dramatic focusing effects. The camera also features Multiple Face Recognition[xxvii] which automatically adjusts bokeh and focus on multiple recognized faces when shooting group selfies or group portraits – preventing problems like only the faces in the front being in focus whilst those further back are out of focus.

The ZV-E1 also boasts a Framing Stabiliser32 that automatically keeps the subject’s position in the frame constant. Advanced AI-based subject recognition technology works with the camera’s Dynamic active Mode image stabilization to keep the subject smoothly and stably in the frame as you like freely during handheld shooting – This makes it possible to create smooth video expressions, such as when taking follow-up shots or shooting around the subject.

With the ZV-E1 skin tones are independently optimized for stills and video, so skin is natural and beautifully rendered whether shooting selfies or vlogging. The camera also features a Bokeh Switch for one-touch background bokeh enhancement[xxviii] and a soft skin effect when shooting video[xxix].

8. Perfect for shooting Product Review vlogs because of its smooth switching focus feature

Of course, the ZV-E1 also includes the Product Showcase Setting[xxx] for product review videos so users can smoothly switch focus from the presenter’s face to a product held in front of the lens and back again.

Creative features include zoom control and Control Time which amplifies the efficiency of the camera

Users can expect creative zoom control[xxxi] with the ZV-E1. The zoom lever located on the top of the grip not only controls compatible powered zoom lenses but also allows Clear Image Zoom to be used with unpowered zoom and prime lenses with less image degradation. This can significantly reduce the number of lenses required for many projects. Real-time Recognition AF, Real-time Tracking, and focus area settings remain active while zooming digitally or with Clear Image Zoom, ensuring that the full precision and speed of the camera’s phase-detection AF system is achieved, even during digital zoom operations.

In-camera Time-lapse creation is a great feature for users who want to record Time-lapse sequences like the movements of clouds, people, cities, and other slowly changing subjects in uniquely expressive ways. The exposure interval[xxxii] can be set from 1 second to 60 seconds, making it easy to compress slow action into enjoyable time-lapse sequences.

9. Advance audio features with high-performance microphone and multi-interface shoe with different video recording modes

The ZV-E1 features a high-performance 3-capsule microphone with variable directivity that can pick up clear audio in outdoor situations where wind and environmental noise can be a problem and is supplied with a windscreen that can significantly reduce wind noise when shooting in windy outdoor conditions. Auto[xxxiii], Front[xxxiv], All Directions[xxxv], and Rear[xxxvi] directivity settings are available to match a variety of environments and automatically switch to a direction in line with face recognition, so users can easily make optimal recordings.

The camera also includes a Multi-Interface (MI) shoe with a digital audio interface and mic and headphone jacks offer expanded audio capabilities. The ZV-E1 supports advanced video recording modes – fast readout and high-volume data processing capabilities of the full-frame image sensor enable full-frame 4K readout without pixel binning, plus a range of recording formats that deliver the notably improved image quality and more flexible, efficient editing in post-production.

The ZV-E1 can record 10-bit 4:2:2 video internally when using Long GOP or All Intra compression, supports internal intra-frame (All-I)[xxxvii] recording and XAVC HS[xxxviii] format recording using the MPEG-H HEVC/H.265 codec provides approximately doubled efficiency.

Efficient features which are helpful in the editing process guarantee quality and a more flexible post-production

The ZV-E1 records image stabilisation and camera rotation metadata that can be useful when editing in the free Catalyst Browse desktop application, paid Catalyst Prepare desktop application or plugin as users can quickly and precisely stabilize footage during editing. Lens breathing compensation can be applied during editing.

Easy to use features including vari-angle touch LCD screen for easy monitoring and great mobility

The ZV-E1 has been designed for ease of use, with a side-opening vari-angle LCD Screen for easy monitoring and touch function whilst recording and controlling layout and grip optimized for vlogging. The new vlog camera features uninterrupted power for extended recording with Sony’s high-capacity Z battery and USB PD (Power Delivery) that supports fast charging[xxxix]. For even better power performance the image processing engine, image sensor, and related circuitry have been designed to optimize power economy in all shooting conditions.

The ZV-E1 is the world’s most compact, lightweight vlog camera with a full-frame CMOS sensor and lens interchangeability[xl]. Its extraordinary mobility gives vloggers new capabilities for creative expression. It features a dust and moisture-resistant design[xli]. ZV-E1 can even be operated with one hand if using a Shooting Grip with Wireless Remote Commander (GP-VPT2BT)[xlii].

Super stable smartphone connectivity and the all-new Creator’s Cloud feature ensure a smooth connecting and content-sharing experience

Creators can connect and share content easily with Sony’s newly announced Creators’ Cloud[xliii] a suite of applications designed to extend the camera and shooting into the cloud, through instant video and stills upload, enabling quick editing and collaborative work with peers, from multiple devices. The Creators’ App can be used to control the ZV-E1 from the smartphone, and transfer stills and videos shot on the camera to the smartphone. Camera battery and media status can be monitored from the smartphone, and date and camera names can be edited as needed. The Creators’ App also provides a convenient way to update camera software.

Top- Quality live content with high-quality live streaming featuresStream top-quality live content as when connected to a personal computer or smartphone[xliv] via USB the ZV-E1 can function as a 4K (2160p) webcam and take online meetings, live events, and even simple conversations with family and friends to new creative heights.

Designed with sustainability in mind ensuring Sony’s commitment to a stable future

In addition to Sony’s commitment to a sustainable future with global initiatives like Road to Zero and the 2030 renewable energy goal, the ZV-E1 has been specifically developed with sustainability in mind. The camera has a windscreen using fibers [xlv] made from recycled PET bottles[xlvi] to reduce Sony’s environmental impact, without compromising functionality.

Lastly, the outer packaging of the ZV-E1 is environmentally conscious and recyclable with no plastic and employs Sony’s ‘Original Blend Material’ – bamboo, sugar cane, and recycled paper. Also, plant-based non-woven fabrics are used for the product bags[xlvii] to minimize Sony’s environmental footprint. Also, ZV-E1 includes new accessibility features that facilitate operation in a number of ways, including screen reader functionality for the visually impaired[xlviii]. Accessibility features allow anyone to enjoy shooting and playback using the ZV-E1.

Pricing and Availability

The ZV-E1 vlog camera will be available across all Sony Center, Alpha Flagship stores, Sony authorized dealers, e-commerce websites (Amazon and Flipkart) and major electronic stores across India from 3^rd August 2023 onwards.

Model	Best Buy (in Rs.)	Availability
ZV-E1L (Body + 28–60 mm zoom lens)	243,990/-	3rd August 2023 onwards
ZV-E1 (body only)	214,990/-	3rd August 2023 onwards

 

 

Bengaluru, 4th August 2023 – Gullak Money has introduced “Snap Save,” an innovative 1-click savings feature that reimagines the way Indians save money. Powered by UPI AutoPay, this ground-breaking feature propels users toward their financial goals with unparalleled speed and convenience.

The “Snap Save” feature allows Gullak Money users to effortlessly access 1-click savings directly from the app’s home screen. By simply tapping on the desired amount, they wish to save, users can securely and automatically invest those funds into 24K gold. This first-of-its-kind feature is currently being offered exclusively to select users and will soon be made available to all Gullak Money app users across the country.

“We are thrilled to introduce ‘Snap Save,’ a game-changing feature that simplifies the savings process for our users. By leveraging the power of UPI AutoPay, we are enabling Indians to accelerate their financial goals with just one click. This innovation reflects our commitment to delivering unmatched speed, convenience, and security in the world of digital savings. We are committed to constantly innovating and leveraging cutting-edge technology to deliver the most seamless savings experience for the billion Indians”, said Manthan Shah, Co-founder of Gullak Money.

Commenting on the launch, Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives at NPCI, said, “We are delighted to contribute to Gullak Money’s transformative journey, reshaping saving and investing habits among tech-savvy users while providing them with convenient, secure, and efficient payment solution. UPI AutoPay aims to simplify recurring payments in India. Users of Gullak Money App will now be able to use Snap-Save feature and invest in digital gold within seconds.”

4th August 2023 Mumbai-Quess Corp, India’s leading business services provider announced its Q1FY24 financial results today.

Q1FY24 Highlights

Ø  Revenue of ₹4,600 cr up 16% YoY and 4% QoQ

Ø  EBITDA at ₹154 cr with GTS crossing milestone Quarterly EBITDA of ₹ 100 cr

Ø  PAT at ₹48 cr

Ø  Net cash position has improved to ₹49 cr in Q1FY24 compared to Q1 FY23

Particulars (in ₹ Crores)	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Headcount	525k	470k	12%	511k	3%
Total Revenue	4,600	3,979	16%	4,440	4%
Reported EBITDA	154	153	0%	152	1%
Reported EBITDA%	3.4%	3.9%	(51) bps	3.4%	(8) bps
Profit before Tax	62	79	(22) %	48	29%
PBT Margin	1.4%	2.0%	(64) bps	1.1%	26bps
PAT	48	68	(29) %	30	60%
PAT Margin	1.1%	1.7%	(66) bps	0.7%	37bps
Diluted EPS – Rs	3.21	4.48	(28) %	2.22	45%

Segmental Results are as follows:

Particulars ( in ₹ cr)	Quarter Ended
	Q1FY24	Q1FY23	YoY	Q4FY23	QoQ
Workforce Management
Revenue	3,221	2,758	17%	3,062	5%
Reported EBITDA	83	94	(12)%	86	(3) %
Reported EBITDA %	2.58%	3.42%	(23)bps	2.81%	(83)bps
Global Technology Services
Revenue	563	507	11%	571	(1)%
Reported EBITDA	100	83	21%	95	5%
Reported EBITDA %	17.78%	16.28%	110bps	16.68%	151bps
Operating Asset Management
Revenue	690	597	16%	684	1%
Reported EBITDA	31	30	1%	30	3%
Reported EBITDA %	4.47%	5.10%	9bps	4.39%	(63)bps
Product Led Business
Revenue	126	117	8%	123	3%
Reported EBITDA	(26)	(24)	(7)%	(20)	(27)%
Reported EBITDA %	(20.26)%	(20.42)%	(382)bps	(16.43)%	16bps

Q1FY24 Platform highlights

Ø  Workforce Management :

• Total headcount for the vertical crossed 404k, an increase of 15% YoY and 5% QoQ
• Growth sectors include manufacturing, telecom and BFSI
• PAPM (Per Associate Per Month) gross margin remain stable in the range of ₹ 670-700

Ø  Global Technology Solutions:

• Achieved quarterly EBITDA of ₹100cr with 21% growth YoY
• Allsec CLM: Revenue up 27% YoY driven by 29% increase in revenues from international CLM business
• Non-Voice BPO: Achieved revenue growth of 31% YOY, driven by 33% growth in collection business
• Platform based services: Pay slips processed per quarter up 12% YoY

Ø  Operating Asset Management:

• Revenue up 16% YoY, growth from Healthcare, Telecom and Industrials
• Revenue realization per employee up by 10% YoY
• Food business gross margin increased by 35% YoY
• Telecom: Revenue up 46%YoY; EBIDTA up 57% YoY

Ø  Product Led Business:

• Foundit: Candidate engagement metrics have shown significant improvement in the last quarter with job postings up 56% QoQ and New registrations up 42% QoQ

 Commenting on the results, ED & Group CEO Mr. Guruprasad Srinivasan said, “We are pleased to report revenues of ₹4,600 cr, up 16% YoY backed by 15k+ headcount totaling up to an overall headcount of 525k. 35% of the associates who joined us in Q1 entered the formal workforce for the first time. We acquired 183 new customers, setting us up for growth over the next few quarters.

 GTS achieved its highest ever EBIDTA of ₹100 cr with 11% revenue growth on account of non-voice BPO and HRO services. In the WFM business, growth was driven by BFSI, Telecom and Manufacturing sectors.  OAM platform delivered 16% revenue growth on the back of healthcare, manufacturing and public utility sectors. In Product led business our investment continues in people, technology, and marketing activities with significant improvement in candidate engagement metrics for Found it.

 Overall, despite macroeconomic headwinds, there has been quarterly improvement in Revenue and Operating profit confirming our all-weather business model.”

 

 

SVKM’s NMIMS Deemed-to-be University is pleased to announce the opening of registrations for admissions for B Tech programs at its Chandigarh campus for students who were unable to appear for NMIMS CET.

NMIMS is known for offering a holistic educational experience that encompasses academic excellence, industry exposure, ample career opportunities, a rich alumni base, a vibrant campus-life experience, and state-of-the-art infrastructure. Its commitment to academic excellence is reflected in the university’s faculty members’ research accomplishments and the patents they have been awarded, providing students with valuable insights and cutting-edge knowledge. Through industry collaborations, internships, and guest lectures, NMIMS ensures its students gain practical exposure and develop skills that align with industry requirements. Its strong network of alumni contributes to the diverse career opportunities available to the students. Alongside academics, the campus life experience at NMIMS is enriched by cultural activities, clubs, and societies, fostering personal growth and a sense of community.
The 4-year B Tech program at Chandigarh campus offers specializations inComputer Engineering, Computer Science & Engineering (Data Science) subjects.

These programs are meticulously designed to provide students with a strong foundation and in-depth knowledge in their chosen field, enabling them to excel in the dynamic and evolving technological landscape.

To apply for admissions, candidates are required to register online. Interested students are encouraged to visit the official NMIMS website for detailed information and application guidelines.

Eligibility criteria for these alternate admissions to B Tech program, a minimum of 45% in PCM/vocational subject or valid SAT/ACT score is required or a candidate passing Diploma Engineering with minimum 45% marks.

Candidates can register at https://apply.nmims.edu/nmims-cet-2023

WhatsApp number: 8109266126
Email Id: admission.chandigarh@nmims.edu
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SVKM’s NMIMS Deemed-to-be University is renowned for its commitment to delivering high-quality education that equips students with the skills and knowledge necessary for a successful career. By opening these admissions for the BTech programs at its Chandigarh campus, the University aims to provide talented students with an opportunity to pursue their academic aspirations.

-Anjana Sastri, Director, Marketing, Sterling Developers

India is experiencing rapid urban transformation with people increasingly moving to urban areas and cities over the last few years. This trend will continue into the future too with the UN predicting that the country will see an addition of over 400 million people to the population by 2050, making it one of the fastest urbanizing countries in the world. The urban population in India is also expected to account for over 60% of the country’s GDP by 2030, indicating that the migration from rural to urban will be very significant. According to a report, the country’s residential sector is expected to reach a market size of $1 trillion by 2030 driven by rising incomes and urbanization. Another report states that India needs to invest $4.5 trillion in infrastructure by 2040 to keep pace with urbanization. With more people coming into cities, demand for homes and residential real estate will continue to rise. Hence, it is important to understand the impact of urbanization on real estate.

Shift Towards Community-Based Living

The concept of gated communities and integrated townships is gaining popularity and this trend is further fuelled by the desire to upgrade lifestyles. People will work and reside in spaces that are future forward, have adequate connectivity, offer state of the art amenities and provide open green spaces. Other key factors include, access to social infrastructure like schools, colleges, hospitals, banking, hyper-markets and others that makes life comfortable productive and convenient.

The rise of Smart cities

A very significant change that is occurring is the rise of smart cities. These cities are designed to be technologically advanced and environmentally sustainable. The government’s policy on smart cities has been curated with the aim to transform over 100 cities into smart cities with the vision of making available better infrastructure, housing and improved services to residents of the city. Southern India is one among the major regions where this policy is being implemented.

The impact of digitalization

Real estate is also being impacted by digitalization directly and cities have transformed into digital hubs bolstering the process of urbanization. We live in a time of digital technologies like virtual reality, 3D printing, and drones that are being used to design, construct, and market properties. Digital marketing has made it easier for buyers and sellers to connect, while software has enabled efficient management of properties.

Changes in the choice of real estate

Changes in the type of real estate development are also gaining popularity and the demand for high-end housing is high, particularly in locations where conditions are positive for real estate. People are now more than ever willing to upgrade their lifestyle and are looking for homes that are multifunctional and modern. Buyers are seeking greater access to amenities and facilities within their living community, proximity to social infrastructure and connectivity. Commercial real estate, particularly, co-working spaces are gaining popularity too as they offer flexible options for young professionals and entrepreneurs. While residential real estate is important, other classes of real estate too are growing.

Economic and spatial urbanization

The gradual effect of population urbanization and the effect of economic urbanization have made the greatest contribution to the real estate industry. The increase in per capita income levels and disposable income is the real reason for the increase in real estate demand. So, urbanization which leads to greater economic growth has a positive impact on real estate which has resulted in an increase in investment in the sector.

Focus on Sustainability

The focus on sustainability has become crucial in the real estate sector as higher population densities lead to greater pressure on the environment. Hence, real estate companies are now more conscious of their impact on the environment and are taking steps to build eco-friendly and energy-efficient buildings. This not only helps in conserving the environment but also reduces the cost of maintenance and operation.

In conclusion, it can be said that more than half of the world’s population currently live in urban areas which has led to high growth of residential real estate. By 2050, the urban percentage of population is expected to rise by 2.5 billion and this means the scale of demand would be high for residential estate over the next two decades. There is a need for innovative solutions to address the challenges that come with the demand. These solutions should be sustainable and accessible, ensuring inclusive growth and benefits to all citizens.

Jaipur, 3rd August 2023: In this era of evolving fashion trends every single day, as designers are going out and about to be inspired for the next big thing when it comes to redefining men’s contemporary fashion scape, Kalash Parnami, an independent fashion designer and brand visionary from the Pink City, has found his mettle in bringing the weaves and art of the country together in his designs to create an ensemble of affordable luxury clothing for the contemporary men.

Label Kalash Parnami is an independent fashion boutique based in the quaint city of Jaipur, helmed by the vivacious and colorful Kalash Parnami. Born and brought up in the city of the Royals, Kalash had been forever bedazzled by the beauty of the local weaves and the varied arts that define our country. From the infamous Kalamkari to the dignified Khadi stitches, from the charming Jaipur prints like Sanganeri and Bagru to the traditionaly rich Banarasi fabrics – his collections resonate and reflect the many hues of Indian weave art that has been generationally carried on, but are yet to make their mark on the contemporary fashion ethics. Kalash, thereafter through his gamur of seasonal collection for the men for different occassions ranging from casual to celebratory, has sought to blend the heritage of Indian looms with the modern day fashion trends to create a host of eclectic designs for the young and the young at heart.

In this endeavour to become a pioneer in the world of evolving men’s fashion, Label Kalash Parnami has collaborated and shared their social media mandate with Khyathi solutions. Spearheaded by the hospitality virtuoso Varun Mehrotra, Khyathi marketing solutions provides a host of possibilities for its clients in keeping with the needs for enhanced sales and marketing in today’s date including digital and social media marketing, campaign strategizing, visual content creation, revenue maximization, content marketing, and strategy and brand management amongst the others. Khyathi further works to propagate its clients toward brand building and management while ensuring a loyal customer base for them and assisting in their incremental revenues.

With Label Kalash Parnami, Khyathi shall be working to increase their brand presence and adding to the growth strategy of the name through varied media of communication.

With each of its new propositions, Khyathi strives to break through the mold and do the new. One can reach the company for the business association through the company website or call at 8003995275.