Archives November 2023

Bangalore, 1st November 2023: Apollo Cancer Centres (ACCs) continues to push the boundaries with advanced cancer treatment, by introducing ‘India’s Fastest & Most Precise Breast Cancer Diagnosis Program’. This pioneering initiative aims to provide swift and precise breast cancer diagnoses, reinforcing the significance of early detection in mitigating the right treatment for a better survival rate, and enhancing the quality of life for patients.

This groundbreaking initiative marks a significant stride toward breast cancer management and offers a promising glimpse into the future of healthcare services. Apollo Cancer Centres is proud to be the first in India to provide this program and envisions the potential to replicate the model for other organs in the future. In alignment with Breast Cancer Awareness Month in October, Apollo Cancer Centres is dedicating this program to the timely diagnosis of breast cancer in women.

Breast cancer is a prevailing concern for women’s health, and timely diagnosis is the cornerstone of effective intervention. Early detection is paramount in the fight against breast cancer, and we at Apollo Cancer Centre, have achieved a great level of success in treating breast cancer diagnosed in the early stages. We have accomplished breast conservation rates up to 60%, and are able to de-escalate therapy as per global evidence-based guidelines, hence offering our patients superior quality of life outcomes.

‘India’s Fastest & Most Precise Breast Cancer Diagnosis Program’ is designed to ensure timely and accurate diagnosis, alleviating the stress of protracted waiting times for results. Apollo Cancer Centres firmly believes in the adage, “Earliest Easiest,” when it comes to breast cancer management.

This program includes advanced diagnostic technologies, including mammography, ultrasound, and biopsy, to promptly and precisely assess breast health. Patients can expect results within 24 hours, a testament to the program’s efficiency. It is open to individuals seeking breast cancer screening or diagnostic services, provided they meet the necessary criteria. Its primary benefits encompass rapid results, reduced patient anxiety, and early detection of breast cancer—advancements that significantly improve treatment outcomes.

Diagnostic tests employed are generally safe and minimally invasive, with healthcare professionals dedicated to ensuring patient comfort throughout the process. Cost variations may arise depending on location, insurance coverage, and specific diagnostic requirements, for which patients could reach out to Apollo Cancer Centres for precise information. In case of breast cancer being detected, Apollo Cancer Centres’ program is equipped to guide patients toward personalized care, connecting them with skilled oncologists and specialists for a comprehensive treatment plan.”

Dr Jayanti Thumsi- Lead Surgeon – Breast Oncology, Apollo Cancer Centre, Bangalore, said, “Our mission at Apollo Cancer Centres is to revolutionize cancer care through innovation and compassion. The 24 hours Breast Cancer Diagnosis Program is a significant stride in this direction. We understand the fear and anxiety that often accompanies a cancer diagnosis. With this program, we aim to reduce those burdens by providing women with rapid, precise diagnoses and a clear path towards tailored treatments on need basis. Every minute counts, and we are determined to make every moment count for the betterment of our patients.”

Dr. Manish Mattoo – Chief Executive Officer – Karnataka Region, Apollo Hospitals said, “The launch of India’s First, Fastest & Precise Diagnosis’ program is a testament to our unwavering commitment to redefining cancer care. We believe that time is of the essence when it comes to breast cancer. Our goal is to provide hope and healing swiftly, offering women the timely and accurate diagnoses they deserve. With this program, we are not just reducing wait times; we are elevating patient outcomes, ensuring early intervention, and spreading the message of empowerment and resilience.”

Dr Govindarajan M J Sr. Consultant – Radiology Apollo Cancer Centre, Bangalore, said,.”We recognise that an early diagnosis of breast cancer can be a turning point in a patient’s journey; achieving this quickly and accurately goes a long way in reducing patients’ anxiety and facilitates faster acceptance and timely treatment, which in turn improves the outcomes. The launch of India’s fastest & most precise breast cancer diagnosis program, represents our commitment to swift, precise diagnoses and tailored treatments. It’s not just about detecting cancer but providing empowerment, reassurance, and the best possible care to our patients when they need it the most.”

Dr Aruna R Patil-Senior Consultant Radiologist, Apollo Cancer Centre, Bangalore, said, ” Our commitment to breast cancer diagnosis and care goes beyond just medical excellence; it extends to ensuring our patients are feeling empowered and supported. We understand that early diagnosis leads to better outcomes and improved quality of life. With our One-Day Cancer Diagnosis Program for Breast Cancer in Women, we aim to offer not only timely results but also a path to hope and recovery. This program allows us to combine our expertise with advanced diagnostic tools to deliver timely and accurate diagnosis. It is about providing the best care when our patients need it most.”

Dr Swarna Shivkumar- Senior Consultant Pathologist, Apollo Cancer Centre, BangaloreOur mission at Apollo Cancer Centres is to revolutionize cancer care through innovation and compassion. The One-Day Breast Cancer Diagnosis Program is a significant stride in this direction. We understand the fear and anxiety that often accompany a cancer diagnosis. With this program, we aim to reduce those burdens by providing women with rapid, precise diagnoses and a clear path toward tailored treatments on need basis. Every minute counts, and we are determined to make every moment count for the betterment of our patients.”

Bengaluru,1st November 2023: : The Manipal Academy of Higher Education (MAHE) Manipal campus witnessed a historic event on October 28, 2023, with the inauguration of the Ganga Activity Club and Ganga Youth Parliament at the Interact Hall. This momentous occasion marks a significant step towards promoting environmental awareness and sustainable development within the region.

Cdr Dr. Anil Rana, Director, MIT extended a warm welcome to all attendees, reminiscing about MIT Manipal’s longstanding commitment to national initiatives such as Mission Amrut Sarovar. Dr. Giridhar P Kini, Registrar, MAHE, graced the event as the Chief Guest. During his inaugural address, he unveiled the threefold mission of the Ganga Activity Club. The sectors are focused on innovative solutions for clean water and sanitation, active participation in river rejuvenation, and raising public awareness about the importance of preserving our rivers. Dr. Kini underscored the seasonal fluctuations in water availability in the Udupi district, emphasizing the urgent need for community awareness and personal responsibility in conserving water resources.

Dr. Narayana Sabhahit, Pro-Vice Chancellor, MAHE Manipal enlightened the audience about the challenges arising from population growth in managing vital water resources, while Dr. K.P. Vijayalakshmi spoke on the Ganges River’s spiritual and emotional significance. She also touched upon geopolitical concerns surrounding water resources on a global and national scale. In a symbolic and reverent gesture, Dr. NN Sharma initiated the pouring of water from the sacred Ganges River and the Swarna River onto saplings, which were then presented to the guests. Dr. Sharma proudly noted that MAHE is among the 50 universities in India to have partnered with the National Mission for Clean Ganga through a Memorandum of Understanding.

The event proceeded smoothly under the guidance of Mr. Kanith Sawkar, with a devotional song by Ms. Tanvi Amin adding a spiritual dimension to the proceedings. Dr. Geetha Maiya, Director of student Affairs, expressed heartfelt gratitude in her vote of thanks, acknowledging everyone’s contribution to the success of the event.

On the same note, the Ganga Youth Parliament engaged in a stimulating debate centered around ‘Economic Development vs. Environmental Conservation: Striking a Balance in River Rejuvenation.’ Students from the Department of Geopolitics and International Relations, MAHE, showcased their debating prowess, assuming roles of government officials, opposition leaders, and state representatives. They put forth innovative and pragmatic solutions to harmonize economic development with river conservation efforts.

The establishment of the Ganga Activity Club and Ganga Youth Parliament at the MAHE Manipal campus is a laudable initiative that emphasizes the critical need for sustainable practices and heightened awareness about conserving our invaluable water resources.

Kolkata,1st November 2023: Get ready to witness the crescendo of an epic musical spectacle as Don Bosco Park Circus is hosting War Of The Bands curated by Live Your Dreams, a pioneering platform dedicated to nurturing talent. With the stage set to come alive on 13th & 14th January 2024 at the Don Bosco Park Circus campus in Kolkata, this event promises not just entertainment, but a platform for dreams to soar, bringing together 500+ students from over 100 schools across 10 states across Eastern India.

War Of The Bands is created to give the past pupils and the present generations, something beautiful to strive towards, something that will remain etched in their hearts forever. Each participating team will have. present students and past students, performing any genre of music. A school can have multiple teams participating in the contest. Online Registration is open for participation till 14th November 2023 and submission of nominations can be done online through www.warofthebands.com and

submission of nominations can be done online from 15th November – 14th December, 2023.

The Top 25 Teams will be announced by the end of December 2023. On 13th January 2024, these 25 teams will compete to reach the grand finale to be held on 14th January 2023.

“The essence of War Of The Bands extends beyond mere competition; it embodies a harmonious convergence between alumni and current students of various schools, achieved through the medium of music. The event’s overarching objective is to offer a platform that amplifies the voices that often remain unheard, fostering a bridge of harmony amidst different strata of society. The resounding melodies will transcend musical notes, instead resonating as the collective pulse of youthful spirits, igniting their fervour and aspirations”, said Rev Father Bikash Mondal, Principal, Don Bosco Park Circus.

A portion of the proceeds from the War Of The Bands will be used to bridge the aspirations of the underprivileged students, nurturing their talents and fanning the flames of their dreams until they blaze into reality. There would be a fashion show with both the privileged and underprivileged children promoting equality.

“The holistic purpose or vision of this mega event is to make a difference in the lives of the underprivileged, their aspirations and their dreams. India is a tremendously gifted country and talent is everywhere. It will be a testament to our collective determination to uplift those less fortunate, the children who deserve the world but face a path strewn with challenges”, added Rev Father Bikash Mondal.

One of the most exciting elements of this musical saga is the prize that awaits the triumphant band. Apart from the cash prize, the winning ensemble will have the incredible opportunity to have their debut single composed and curated by none other than Bollywood’s popular Singer, Songwriter & Music Composer, Arko Pravo Mukherjee. Known for his chart-topping hits that have resonated with the masses, Arko’s

involvement elevates the stakes of the competition and promises a life-changing journey for the victors. There would be prizes also for the first and second runners-up.

“Music for me unites the world, no matter who you are or where you are from, there is no one out there who is not touched by good music. We created War Of The Bands to give the past pupils and the next generation something beautiful to strive towards, something that will remain etched in their hearts forever. This is just a humble beginning; I have massive plans with War Of The Bands. As an artist, I truly want to break barriers of borders with this and bring the whole country together. And trust me, nothing except music can do that”, said Mr Arko Pravo Mukherjee, one of the Co-Founders – Live Your Dreams Productions., who is also a past student of Don Bosco Park Circus.

The climax of this euphonic adventure will culminate on the 14th January, 2024 with a show-stopping performance by none other than Euphoria, the legendary Indian band that has graced the world with its anthems. Their presence on the grand finale stage is set to be a treat for the senses, a celebration of music’s power to unite and inspire.

Live Your Dreams Productions, true to its name, is more than just an organizer; it is a facilitator of aspirations, a catalyst of talent, and a champion of dreams. The organisation’s vision is to support and uplift individuals from underprivileged backgrounds and provide opportunities to showcase their abilities on the grandest stages. Partnering in this noble vision is Don Bosco Park Circus, the host and venue partner, which shares the same mission to empower the talented youth.

New Delhi -Ghaziabad, India,1st November 2023: IMT Ghaziabad, an institution synonymous with excellence in business education, has achieved a remarkable feat in the QS World Business Master’s Ranking 2024. With an impeccable legacy of over 43 years, IMT Ghaziabad, a top-ranked management institute in India and a stalwart in the field of management education, is reaffirming its global reputation as a leader in business education by securing top ranks on the world’s most prestigious recognition platforms. IMT Ghaziabad’s high QS ranking is a testament to the dedication and hard work of the institute’s students and faculty.

The QS World Business Master’s Ranking 2024, an internationally recognized benchmark for assessing business schools, now features IMT Ghaziabad as a prominent contender. This newly achieved milestone is a testament to the relentless dedication and collective endeavors of the institution’s distinguished faculty, diligent students, accomplished alumni, and the entire IMT Ghaziabad community.

In these new rankings, IMT Ghaziabad has marked its presence in multiple categories, demonstrating its diverse strengths and unwavering commitment to academic excellence. These accomplishments reaffirm its position as an educational institution of global repute.

IMT Ghaziabad has made an impressive debut in the QS World Business Master’s ranking, securing a global rank of 151+ band in Master’s in Management. This remarkable achievement is a testament to the hard work and dedication of the students, faculty, and staff of IMT Ghaziabad. The QS World Business Master’s Management ranking is a prestigious ranking system that evaluates the top business schools worldwide based on several parameters such as employability, academic reputation, diversity, and more. IMT Ghaziabad’s inclusion in this ranking is a significant milestone for the institution and demonstrates its commitment to providing quality education and producing competent business professionals.

In the QS World Business Master’s rankings 2024, IMT Ghaziabad has received recognition in the following categories:

● Global Rank of 151+ in the Master’s in Management program.
● Global Rank of 101+ in the Master’s in Marketing program.
● Global Rank of 151+ in the Master’s in Finance program.

Dr. Vishal Talwar, Director IMT Ghaziabad,conveyed his heartfelt gratitude, stating, “We extend our deep appreciation to our dedicated faculty, diligent students, accomplished alumni, and the entire IMT Ghaziabad community for their unwavering support and relentless hard work. This achievement stands as a collective testament to our commitment to nurturing academic excellence and fostering future business leaders.”

IMT Ghaziabad has been ranked among the top academic institutions in India in the QS World Business Master’s Rankings 2024. The ranking places IMT Ghaziabad alongside other renowned B-schools such as the Indian Institute of Management (IIM) Indore, IIM Kozhikode, IIM Udaipur, IIM Rohtak, MDI Gurgaon, International Management Institute Delhi.

IMT Ghaziabad has been playing a significant role in the global education sector by cultivating the next generation of business leaders. The institution’s impressive performance in QS World Business Master’s Rankings 2024 solidifies its position as one of the leading management education institutions.

Gurugram: Students of KIIT World School celebrated Halloween with great fun and enthusiasm. The classes of primary students were transformed into an imaginative world filled with bewitching vibes. The tiny-tots dressed in an array of spooky costumes as their favorite characters.

Throughout the event, the students participated in a variety of scary fun-filled activities, immersing themselves in the Halloween spirit. From face painting to pumpkin carving, the atmosphere was charged with enthusiasm and creativity. The event featured horror delightful music, spooky candles and lights, and the classes were adorned with Halloween-themed decorations. The day kicked off with a bewitching parade, where tiny witches, ghosts, superheroes, and princesses showcased their creative and spooky outfits.

Principal of KIIT World School, Neelima Kamrah, said, “Our annual Halloween celebration is not just about costumes and candies; it’s about fostering creativity and a sense of community. It’s heartwarming to witness the joy and excitement on their faces as they participate in the spooky parade and various activities. Such e

More than 80% of the world’s population now owns a smartphone. As per reports, India has over 1.2 billion mobile phone users and 600 million smartphone users according to Deloitte’s 2022 Global TMT. They have become so ubiquitous and important to everyday life, that according to research by Google, around a third of smartphone owners use their devices exclusively to access services like online banking, shopping, and email. As much of the world’s workforce moves into hybrid working, mobile devices have also become increasingly common among staff – and not always under the protection of an organization’s cybersecurity team. A study by Microsoft in 2022 revealed that more than two-thirds (67%) of workers use their personal smartphone for work-related tasks.

Our mobile devices represent a very real vulnerability, not just when it comes to our personal data, but when it comes to potentially sensitive work data too. This year has seen that vulnerability increase as mobile threats continue to grow in number and sophistication. Check Point Research revealed that the majority of organizations experienced a mobile malware attack in 2022, with phishing (52%), command and control (25%), and automatic browsing to infected websites (23%) among the most common types of malicious traffic. Banking trojans, designed to steal users’ online banking credentials, and premium dialers, which subscribe to premium rate services without the users’ knowledge, are also on the rise. According to Check Point’s Threat Intelligence Report, over the past six months, the rate of mobile attacks on organizations in India has averaged 7.5% per week, while the global average for attacks per organization stands at 2.2%.

In Check Point’s 2023 Mid-Year Cyber Security Report, mobile devices continue to prove a common attack vector. The “FluHorse” malware, for instance, camouflages itself as popular Android applications, aiming to extract Two-Factor Authentication (2FA) codes and other sensitive user data. Another malware, known as “FakeCalls”, simulates over twenty distinctive financial applications and generates fraudulent voice calls, further highlighting the innovative tactics employed by cybercriminals.

Learn from the past, prepare for the future

While mobile devices offer convenience and efficiency, they also present a unique set of vulnerabilities. Their ubiquitous nature combined with often lax security measures makes them prime targets.

One of the most alarming revelations of 2023 is that despite the advancements in technology and the increasing reliance on mobile devices, they remain one of the most unsecured attack modes. This is partly because the onus of security has traditionally been placed on suppliers, like Apple or Android, rather than on additional, layered security measures. Time will tell if we see a course correction on this issue in the coming years.

The inherent risks

The risks associated with mobile threats are multifaceted. Beyond the immediate threat of data theft, mobile devices can serve as gateways for attackers to access corporate networks, potentially leading to larger-scale breaches or supply chain attacks. The lateral movement within networks, facilitated by compromised mobile devices, can have cascading effects, compromising multiple systems and data repositories.

Mobile devices are, of course, network endpoints, and that means they are often part of complex supply chains. Vulnerabilities can be introduced to these supply chains at any stage, from device manufacturing and software development, right through to the deployment of services to end users. Mobile phones, particularly those that are not business-owned or carefully monitored, are currently the weakest part of the chain.

Outside of business, mobile devices are also prime targets for phishing attacks and social engineering. The smaller screen sizes can make it harder to identify malicious URLs, and users are more likely to click on fraudulent links in text messages or social media apps when they are distracted or on the move. There are also concerns that mobiles are creating a culture of overreliance on technologies like biometric authentication. While facial recognition and fingerprint scanning are convenient, they are not infallible and can be spoofed by malicious actors.

Who is responsible for mobile security?

While suppliers play a crucial role in patching known vulnerabilities, organizations and individuals must take proactive measures to secure their devices. Relying solely on the supplier is a reactive approach that leaves devices vulnerable to zero-day attacks. Instead, a multi-layered security approach, including regular software updates, robust authentication methods, and user education, can significantly reduce the risk posed by mobile threats. According to the “Evidence-based Insights” report, security issues have been identified in nearly 75% of India’s top 100 Android apps. These apps have access to a significant amount of sensitive data, providing both organizations and users with insights into potential security risks.

As we look to the future, the mobile threat landscape is expected to become even more complex. With the increasing integration of IoT devices and the blurring lines between personal and professional device usage, the potential attack surface continues to grow. Organizations and individuals must remain vigilant, prioritizing mobile security not as an afterthought but as a fundamental aspect of their overall cybersecurity strategy.

In fact in response to this concern and to aid people in protecting their smartphones, the Department of Telecommunications (DoT) has introduced a range of complimentary tools for removing bots in India. Operating in collaboration with Internet Service Providers (ISPs) and antivirus companies, this portal, commonly referred to as the Botnet Cleaning and Malware Analysis Centre, is managed by the Indian Computer Emergency Response Team (CERT-In). The platform offers users access to resources and tools aimed at enhancing the security of their systems and devices.

While mobile devices have revolutionized the way we live and work, they have also introduced a new set of challenges in the realm of cybersecurity. By understanding the evolving threat landscape and taking proactive measures, we can enjoy the benefits of mobile technology without compromising security.

“Whistle”, the trendsetter in cosmetic dentistry, has taken the world of beauty and confidence to newer heights as the presenting sponsor of the ‘Bridal Luxury Edition’ fashion show in Bengaluru. This luxurious event, hosted by Prasad Bidapa Associates on 28th October, was a star-studded affair that witnessed the presence of renowned designers like Ritu Kumar, Suneet Verma, P.N. Rao, Geisha Designs, Deepam Silk, Darshi Keerthisena, and Dimuthu Sahabandhu, showcasing the fusion of fashion and dental elegance.

“Whistle”, left an indelible mark on this glamorous evening by emphasizing the significance of beautifully aligned teeth. Whistle, has joined hands with Clove Dental – India’s largest dental chain, with 425+ clinics, 1000+ dentists and 80+ orthodontists, to give each individual, a best-in-class smile enhancing dental experience.

Mr. Amarinder Singh, CEO of Whistle said, “At Whistle, our vision is always to provide healthy and beautiful smiles. I have always maintained that teeth are the most important and conspicuous part of our face and Smile is a big part of the facial structure. A perfect smile is the last frontier of beauty, and Whistle is here to deliver beautiful smiles for 1.4 billion Indians, one smile at a time.”

Dr. Amit Sachdeva, Chief Product Officer of Whistle, commented, “Everyone has a unique smile which not only enhances their beauty but also defines their personality. We at Whistle have used an innovative shape memory polymer material coupled with highly precise 3D printing technology to develop a state-of-the-art Smile Enhancement product called ‘Whistle Aligners’. These Aligners are designed using AI software which is further enhanced by expertise derived from Clove Dental’s most experienced dentists and orthodontists.”

The ‘Whistle Zone,’ an exclusive area at the event, embodied the spirit of inner happiness. It showcased our innovative dental solutions, including Whistle Aligners, which offer discreet and effective teeth alignment solutions, empowering individuals to embrace their true selves with confidence and self-assurance. Whistle Aligners, produced in partnership with Clove Dental, were the undeniable stars of the evening, demonstrating their revolutionary ability to fix and elevate smiles in a subtle, non-intrusive manner.

Whistle is not just a dental products brand; it is a beacon of beauty and confidence, guiding individuals on their journey to inner happiness. Our first product, Whistle Aligners, is your passport to a radiant, confident smile, allowing you to embrace your true self and exude beauty and confidence with every grin. Join us on this transformative journey, where smiles are the ultimate statement of inner happiness. Whistle: Where Your Smile Redefines Beauty and Confidence!

Hyderabad,1st November 2023: The Association of Investment Bankers of India (AIBI) organized a National Workshop on ‘Capacity Building on Critical Areas of the Primary Market’ at National Stock Exchange office in Mumbai today. During the day-long workshop, the members of AIBI which is the investment bankers’ sole representative body to SEBI and various statutory authorities, discussed what critical roles regulators, stock exchanges, investment bankers, and other related market intermediaries must play and what is expected from each of these stakeholders during capital formation processes.

Dr. Bhagwat Karad Hon’ble Union Minister of State for Finance Government of India, said, “It is quite heartening to note that the Indian capital market has shown resilience in testing times and has become the most advanced and progressive marketplace globally. The role of AIBI and merchant bankers is notable in contributing towards the orderly development of the Indian capital market.”

Mr. Mahavir Lunawat, Chairman of Association of Investment Bankers of India, said, “In today’s workshop, we had a meaningful dialogue on the role and expectations of regulators, stock exchanges, merchant bankers, law firms, and data providers in making the primary market more robust and transparent. All stakeholders agreed that there is a need to work together more closely for simpler IPO documentation and processes for capital formation. We collectively identified the need for capacity building, bringing more momentum in advocacy campaigns for financial literacy, enhancing transparency and good governance, and boosting investors’ confidence.”

He added, “Along with market intermediaries, the body of merchant bankers will continue to advocate the orderly growth of capital market, keep interest of investment bankers aligned and enhance investor awareness and promote best practices via strategic measures.”

Mr. Ashish Chauhan, MD & CEO of National Stock Exchange, said, “Gone are the days when investors were afraid of investing in stock markets. Today, we have eight crore direct investors in the stock markets. Most of the new investors have come over the last three years, during Covid and post-Covid. Mobile phones and mobile applications have helped wherein now more people are saving through the stock markets. These eight crore investors are actually five crore unique households which is 17% of India’s all households put together that are directly investing in Indian stock markets. And largely, their entry is through IPO markets. I commend AIBI and all its members for ensuring that capital formation remains the most important pillar of running of capital markets.”

Going forward, AIBI will continue to work on identifying desired practices and processes that must be adopted for larger and faster capital formation which is the most critical tool for achieving ease of doing business and in turn contributes to nation-building. AIBI will also be analyzing IPO processes, the timelines involved, and how the same can be streamlined while meeting regulatory expectations.

Besides Mr. Ashish Chauhan, MD & CEO, National Stock Exchange; Mr. V S Sundaresan, Executive Director, SEBI; Mr. Mahavir Lunawat, Chairman of Association of Investment Bankers of India; other dignitaries like Mr. Anant Barua, Former, Wholetime Member SEBI; Mr. Rajesh Dangeti, CGM, SEBI; Mr. Deep Mani Shah, CGM, SEBI; Mr. J N Gupta, MD, Stakeholders Empowerment Services Investment; and Mr. Prithvi Haldea, Founder & Chairman, Prime Database attended the national workshop.

Other participants consisted of investment bankers, data providers, corporate law firms, and related market intermediaries.

Sterling Tools Limited (BSE: 530759) (NSE: STERTOOLS) is the 2nd largest Automotive Fastener Manufacturer in the country and its 100% owned subsidiary Sterling Gtake E-Mobility Ltd., is the largest MCU supplier to the EV industry in India. The Company announced its unaudited Standalone and Consolidated results for the quarter and half year ended 30th September 2023.

Key Standalone Financial Highlights:

• As per SIAM, the Automobile Industry production has grown by ~1% YoY for the period of April-September. STL has outperformed the industry, growing by 3.7% YoY in H1FY24
• Low revenue growth led to lower absorption of manufacturing expenses as well as (increased) employee costs

Commenting on the Q1FY24 performance, Mr. Atul Aggarwal, Whole Time Director of Sterling Tools Limited stated: “The consolidated revenues grew by 22.8% from Rs 353.8 crore in H1FY23 to Rs. 434.4 crore in H1FY24. The EBITDA has also witnessed a growth of 12.6% to Rs 54.4 crore during the first half of the fiscal year. Our Sterling Gtake E-Mobility (SGEM) subsidiary contributed 30% of consolidated revenue in H1 FY24 vs 17% in H1 FY23, an indication of how well this new business has performed for us.

On a standalone basis, the topline grew by 3.7% to Rs. 304.0 crores. For the same period, the production data for the overall auto industry reflects 1% YoY growth. Within the end-user product sub segments we have either outpaced or been in line with the industry performance.

The Company is introducing STL ESOP plan 2023 wherein the Company shall grant ESOP, subject to regulatory approvals. The ESOP Plan is being introduced with a view to provide employees, of the Company and its subsidiaries, with additional incentives based on productivity and performance and thereby motivating them to contribute further to the corporate growth and profitability.

Going ahead, our focus will be to increase capacity utilization thereby enabling the company to achieve operating leverage. We are currently working on a three-pronged strategy of customer acquisition, higher content per vehicle and new product development.”

New Delhi,1st November 2023: Study Group is delighted to announce the appointment of Professor Elena Rodriguez-Falcon to a new role of Provost and Chief Academic Officer. In this role Elena will carry global responsibility for Study Group’s academic strategy and teaching and support of students, as well as operational responsibility for the teaching and support of students at our international study centers and colleges in the UK and Ireland.

Professor Elena Rodriguez-Falcon is an internationally respected educator and passionate advocate for excellence and innovation in teaching and student support. Having been brought up and studied in Mexico, Elena served as a Professor of Engineering in a UK Russell Group university before becoming the first President and Chief Executive at the New Model Institute for Technology and Engineering. She then served as Deputy Vice-Chancellor of the University of Wales Trinity Saint Dav

A Principal Fellow at Advance HE and Fellow of the Royal Academy of Engineering, Elena is also a champion for Women in STEM and has led transformational work on enterprise education and collaboration with employers within education. Teams of international students she mentored have been UK winners of Enactus – an international organization that connects student, academic, and business leaders through entrepreneurial-based projects – and finalists in its prestigious global awards.

Elena is also a long-standing supporter of international students and has advocated in Parliament for the #WeAreInternational campaign. Her work on support and innovation in education has been extensively published by sector and mainstream media. In 2015, she received a doctorate of engineering honoris causa by her alma mater, the Universidad Autónoma de Nuevo León in México and in 2020 she was named Woman of the Year in Technology by FDM Everywoman.

Study Group Chief Executive Officer Ian Crichton says, “I am extremely pleased to announce the new role of Provost and Chief Academic Officer at Study Group and delighted that Professor Rodriguez-Falcon has agreed to join us. Our reputation for excellent teaching and support is built on the dedication of our teachers and the commitment of student support teams – the success of our students themselves as they progress to their degrees, and beyond into their careers and lives, is the true testament to that.

“This role will strengthen that commitment to student success still further, and in Elena we will have a unique combination of experience in leadership in a traditional university and innovation in new forms of provision. I am very much looking forward to the energy and care I know she will soon bring to our Executive Committee and the organisation as a whole.”

Commenting on her appointment, Elena says: “I am delighted to be taking up this new role of Provost and Chief Academic Officer for Study Group and to help increase the participation and success of students from around the world in international education. The role includes the opportunity to work with our excellent established International Study Centres and Colleges and teachers, and to develop new models of education globally with partners in universities and government across the world. I very much welcome the determination of Study Group to put quality in teaching and the support of students at the core of everything it does, and am truly looking forward to this exciting opportunity.”

Congratulating Elena on her appointment, Chair of the Study Group Academic Board Professor Sir Keith Burnett says, “I am delighted to welcome Elena to Study Group and very much look forward to her contribution. Having worked with Elena at the University of Sheffield, I witnessed at first hand her dedication to students’ learning as well as her creativity and flair in finding meaningful ways to engage and inspire. She is a true ambassador for international education and, on behalf of the Academic Board, I am looking forward to working closely together to meet the needs and hopes of our diverse cohorts of students.”

In her new role, Elena will be supported by very strong operational delivery and academic senior leadership team including Vaughan Leyshon and Melinda Tan, existing University Partnership Directors and long-standing members of the Study Group team. Previous Managing Director (University Partnerships) Dr Mark Cunnington leaves Study Group after seven years to take up the role of Pro- Vice-Chancellor for BIMM, a private university specialising in music, film, performing arts and creative technology. He leaves Study Group with the warm thanks of all of his colleagues for his commitment to academic quality and good wishes for his next role.