All posts by Sujata Achary

India, January 21, 2025: AGI Greenpac Limited, a focused Packaging Products company, today announced its financial results for the quarter ending December 31st, 2024.

The Company’s Revenue from Operations was ₹658 crore. EBITDA stood at ₹185 crore, a 20% year-on-year (Y-o-Y) increase from ₹153 crore in Q3 FY24, representing a 28% margin. Profit after Tax (PAT) increased by 35% Y-o-Y to ₹91 crore, up from ₹67 crore in the same period last year.

In the first nine months of FY25, the Company reported Revenue from Operations of ₹1,824 crore. EBITDA was ₹497 crore, a 15% year-on-year (Y-o-Y) increase with a 27% margin, compared to ₹432 crore in the corresponding period last year. Profit after Tax (PAT) grew 21% Y-o-Y to ₹226 crore, compared to ₹187 crore in the corresponding period last year.

The company demonstrated exceptional financial results in Q3FY25, through a combination of strategic initiatives. These include rigorous cost management, a focus on optimizing the product portfolio by adding higher-margin offerings and maintaining strong customer relationships.

Commenting on the results, Mr. Sandip Somany, Chairman and Managing Director, AGI Greenpac Limited said, “AGI Greenpac’s strong Q3 FY25 results demonstrate the dedication of our team and the effectiveness of our strategy. We are committed to disciplined cost management, continuous product portfolio optimization, and nurturing strong customer relationships. We are confident in our ability to maintain this momentum and drive continued growth.”

Bengaluru, India. TÜV SÜD South Asia, a leading certification, testing, auditing, inspection, and training company and the wholly owned subsidiary of TÜV SÜD Group, Germany, announced the launch of the E-Mobility TrainingMobile Lab. This initiative aims to provide advanced, hands-on training opportunities for technicians, engineers, and first responders, equipping them with essential skills to safely handle high-voltage systems in the rapidly evolvingElectric Vehicle (EV) industry.

The ‘TÜV SÜD E-Mobility Training Mobile Lab’ was inaugurated at the hands of Mr. Simon Lemin, CEO, TÜV SÜD South Asia, Mr. Vishal Nerurkar, Senior Vice President – Business Assurance, TÜV SÜD South Asia, Mr. Robert Kees, CEO, TÜV SÜD Business Assurance Division and Mr. Jorg Schemat, Head of BU Academy and CEO of TÜV SÜD Akademie GmbH.

TÜV SÜD offers a range of EV training programs, including the E-Mobility Course Level 1: Safe Handling of High Voltage Systems in Motor Vehicle, E-Mobility Course Level 2: Qualified Electrician for HV Systems in Motor Vehicle, and E-Mobility Course Level 3: Live Working for Qualified Electrician for HV Systems in Motor Vehicle. These programs benefit participants by enhancing their expertise in high-voltage safety, ensuring proper use of personal protective equipment (PPE), and providing a thorough understanding of the integration of components within EV. Through the training, participants are equipped with the necessary knowledge to assess and implement risk mitigation strategies. The E-Mobility Training Mobile Lab supports both organisations lacking EV infrastructure and individuals seeking to advance their e-mobility knowledge in the evolving automotive landscape.

“The launch of our E-Mobility Training Laboratory represents a significant step forward in advancing the skills and safety standards of professionals in the e-mobility sector,” said Mr. Simon Lemin, Chief Executive Officer, TÜV SÜD South Asia. “We are proud to empower organisations and individuals through practical training solutions that deliver real-world, hands-on experience with high-voltage systems, fostering both knowledge and skill development.”

TÜV SÜD South Asia has been catering to the learning needs of professionals in India, Bangladesh, and other English-speaking countries for over two decades. With more than 300 training topics,these training programs are designed and developed by industry experts with the goal of equipping learners with the latest information, technologies, and real-world use cases, while enhancing their ability to apply this knowledge effectively in a dynamic business environment.

By providing cutting-edge training opportunities, TÜV SÜD continues to play a pivotal role in driving the adoption of e-mobility solutions and fostering a safer, more sustainable future.

21 January 2025, Mumbai: IDFC FIRST Bank, in partnership with RuPay, a global card payment network from India, proudly announces the launch of the UPI enabled RuPay Credit Card called – FIRST EA₹N. This credit card is backed by a Fixed Deposit and hence everyone is eligible to instantly avail this unique credit card, online. It also offers cashback on UPI payments thus making the product rewarding for users.

What sets it apart is that the Fixed Deposit creation is seamlessly integrated within the credit card application for all customers. Thus customers get an unmatched opportunity to avail credit on UPI, earn rewards, and simultaneously earn attractive interest rates on Fixed Deposits.

In addition to its inclusive approach, the card’s seamless integration with UPI opens a world of possibilities, offering universal access to over 60 million UPI-enabled merchants across India. With every UPI spend, customers earn up to 1% cashback, making every transaction rewarding.

“We are thrilled to announce the launch of the FIRST EA₹N RuPay Credit Card, specifically designed for first time Credit Card users as a gateway product to the financial services world said Mr. Shirish Bhandari, Head- Credit Cards, FASTag and Loyalty, at IDFC FIRST Bank”.

He further added, “This fixed deposit-backed credit card is available online and instantly makes everyday UPI payments super rewarding with a simple 1% cashback credited automatically to the card account. It inherently offers efficient money savings and growth with the linked interest-earning Fixed deposit- building credit, investment, and financial health together. It continues our philosophy of customer centricity in product conception and design – #getmorefromyourbank.”

Speaking on the development, Mr. Rajeeth Pillai, Chief of Relationship Management, NPCI said, “We are happy to launch FIRST EA₹N RuPay Credit Card in partnership with IDFC FIRST Bank. This UPI-enabled virtual credit card is designed to make transactions both convenient and highly rewarding for cardholders. Through this offering, we are further enhancing credit accessibility while delivering greater value to users.”

Features and Benefits:

• Seamless UPI Integration: The FIRST EA₹N Credit Card is ready for UPI transactions at more than 60 million UPI QR codes
• Instant Card Issuance: Virtual credit card issued instantly with seamless UPI integration for immediate use.
• Maximum availability: This secured credit card requires a fixed deposit and is available to everyone.
•  Cash Back Launch offer: New cardholders on joining get 100% cashback on their first UPI transaction amount upto Rs. 500, within 15 days of card creation. Effectively the first year Fees is paid back as cash back.
•  Cashback Rewards:

 1% cashback on UPI transactions via the IDFC FIRST Bank app.

 0.5% cashback on transactions made through other UPI apps, as well as on insurance, utility bills, and e-commerce purchases.

•  Movie offer: 25% discount up to ₹100 on District by zomato movie tickets.
•  Interest on Fixed Deposit: Earn 7.25% p.a. interest on 1 year 1 day FD.
•  Comprehensive Protection:
•  Complimentary roadside assistance worth ₹1,399.
•  Lost card liability cover of ₹25,000.
•  Personal accident cover of ₹2,00,000.

IDFC FIRST Bank customers can apply for the FIRST EA₹N Credit Card through a seamless digital process available on the bank’s website. This continues IDFC FIRST Bank’s commitment to providing unparalleled convenience and innovative products that meet the evolving needs of its customers.

Mumbai / Jowai, January 21, 2025: The 6th Meghalaya Games 2025, scheduled from January 20th to 25th, 2025, is all set to kick off with a torch relay ceremony that symbolises the anticipation and preparation for the games. The ceremony, which was flagged off on January 17th, 2025, from PA Sangma Stadium in Tura, has entered its final few laps in Jowai and will conclude with the official countdown to the games.

The Meghalaya Games will be inaugurated by the Hon’ble Chief Minister of Meghalaya, Shri Conrad K Sangma, and graced by the presence of the Hon’ble Sports Minister of Meghalaya, Shri Shakliar Warjri, alongside other esteemed dignitaries.

The torch-bearing ceremony of the Meghalaya Games is a powerful catalyst for cultural harmony, promoting unity, inclusivity, diversity, community engagement, cultural exchange, and the preservation of traditional arts. It creates a shared cultural space that goes beyond the realm of sports, contributing to the overall social cohesion and harmony of Meghalaya. The torch transcends cultural, linguistic, and tribal differences. As the torch passes through various districts, it carries the essence of shared aspirations and collective pride, reinforcing the idea that despite diversity, Meghalaya stands united in its pursuit of sporting excellence.

This year’s games will see the participation of over 3500 athletes (the highest among all editions of the Games) competing for 1600 medals across 23 venues, including two venues in Shillong and Laitkor. Notably, for the first time, the games will feature seven para-athletes, four women, and three men who will take part in the para-shooting event (pistol and rifles).

The torch relay ceremony has been making its way across the state, promoting unity and collective pride among the people of Meghalaya. The journey that commenced from PA Sangma Stadium in Tura, by Golfer, Jason Passah, and athlete Himonki Khaii, traversed towards Shillong City in East Khasi Hills where Okitlang Syiemlieh, Constable Meghalaya Police carried the torch and brought to the MUDA complex two-wheeler parking lot in Shillong, where it was displayed for an hour, providing an excellent photo opportunity for enthusiasts, athletes and members of the public. Followed by symbolizing the unity and spirit of the games, the torch made its way to Iungwalieh, Loomkyrwiang, Jowai. The torch will make its way from Thadlaskein and will reach Wahiajer Football Stadium where the Games will be held on January 21st, 2025. As the torch will make its way to the main stage in Wahiajer Stadium, the final torchbearer will hand off the flame, symbolising the passing of the torch to the host city. The final leg of the ceremony will conclude at the Wahiajer Football Stadium, where the games will be held on January 21st, 2025.

Mumbai / Greater Noida, January 20th, 2025: SANY India, a leading manufacturer of construction equipment, participates at the 2nd edition of Bharat Mobility Global Expo 2025, showcasing its commitment to the ‘Make in India’ initiative. With an impressive lineup of localized products and innovations, the company reinforces its dedication to self-reliance, sustainability, and advancing India’s manufacturing ecosystem.

SANY India’s stand at the expo demonstrates the brand’s aggressive localization strategy. Manufactured at its state-of-the-art facility in Chakan, Pune, these products include critical components such as engines, hydraulic pumps, travel and swing devices, track rollers, and hydraulic cylinders—all sourced and produced domestically. This strategic shift significantly reduces import dependency while boosting local manufacturing capabilities.

Highlighting its commitment to sustainable innovation, SANY India is showcasing advanced electric machinery, including electric mining dump trucks, electric forklifts, and terminal tractors. These eco-friendly solutions reflect the company’s dedication to minimizing environmental impact while enhancing operational efficiency across industries.

Aligned with the expo’s theme, “विकसित भारत के विकासरथ” (Viksit Bharat ke Vikasrath), SANY India continues to lead infrastructure development and drive economic progress. By integrating cutting-edge technology with localized manufacturing excellence, SANY India empowers the nation with solutions that promote growth, self-reliance, and sustainability.

Speaking on the occasion, Mr. Sanjay Saxena, COO Sales, Marketing & Customer Support, SANY HEAVY INDUSTRY INDIA PVT. LTD, said, “At SANY India, we take immense pride in our commitment to the ‘Make in India’ and ‘Made in India’ initiatives. The Bharat Construction Equipment Expo 2025 is a platform for us to showcase our localized manufacturing capabilities and eco-friendly solutions that are shaping the future of India’s infrastructure. Our advanced electric machinery and domestically produced components reflect our dedication to innovation, sustainability, and reducing import dependency. Through these efforts, we are empowering industries and contributing to India’s journey toward becoming a global manufacturing hub.”

Visitors can experience SANY India’s innovative products and learn more about the company’s commitment to building a self-reliant India at its pavilion, which stands as a testament to the brand’s vision of contributing to a “Viksit Bharat.”

The Great Eastern Home is delighted to unveil an extraordinary piece from its antique collection — a magnificent Italian Console from the late 1800s. This exquisite creation is a celebration of traditional craftsmanship, bringing together the art of fine woodworking and marble detailing to create a masterpiece that transcends time.

The console is adorned with symmetrical carvings that draw inspiration from the natural beauty of shells and plants, capturing the essence of Italian design. Its robust yet elegantly curved legs create a captivating visual balance, showcasing an interplay of opposing volutes. Despite the depth of its intricate carvings, the overall effect is lightness and grace. The scrolling base provides stability, anchoring the entire piece and reflecting the artisan’s exceptional skill.

Adding to its allure is the two-toned polish, which enhances its visual harmony and balances the overall composition. Measuring 56 inches in length, 40.5 inches in height, and 24 inches in depth, this console is a statement piece that blends functionality with artful sophistication.

But this Italian Console is just one gem among many at The Great Eastern Home. The collection features an array of rare and extraordinary furniture, each telling its own unique story. From intricately carved cabinets to elegantly upholstered seating, every piece invites you to explore a world of timeless elegance and impeccable design.

Visit The Great Eastern Home to explore not just this stunning Italian Console, but a world of antique treasures and contemporary classics that promise to transform your living spaces into a haven of luxury and refinement.

Chandigarh, January 21, 2025: TVS Motor Company – a leading global automaker that operates in the two and three-wheeler segments, today announced the launch of its connected passenger electric three-wheeler, TVS King EV MAX. The vehicle has best-in-class features including Bluetooth connectivity through TVS SmartXonnect™. The TVS King EV MAX combines innovative technology with eco-friendly solutions, catering to the growing demand for sustainable urban mobility.

Speaking at the launch, Mr. Rajat Gupta, Business Head, of Commercial Mobility, at TVS Motor Company, said, “The launch of TVS King EV MAX is a significant step forward in our commitment to providing sustainable solutions for last-mile connectivity. As urban areas continue to grow, the demand for clean mobility options has never been more critical. The TVS King EV MAX combines advanced electric propulsion with superior comfort and connectivity. The distinctive blend of long-range, impressive acceleration and quick charging time guarantees high uptime, enabling more trips and increased earning potential for customers, including fleet operators. The vehicle is being launched in UP, Bihar, J&K, Delhi, and West Bengal, right away. It will be available across the country in the coming months.”

With a range of 179 km on a single charge, quick charging in just 2 hours and 15 minutes for 0 – 80% charge and 3.5 hours for 100% charge; smart features like TVS SmartXonnect™, the King EV MAX offers users real-time navigation, alerts, and vehicle diagnostics through their smartphones. It combines excellent performance, comfort, and connectivity, making it a standout choice for modern urban mobility.

The TVS King EV MAX is powered by a high-performance 51.2V lithium-ion LFP battery enabling making it perfect for urban commuting. With a top speed of 60 km/h (ECO Mode: 40 kmph; City: 50 kmph; Power: 60 kmph), the vehicle ensures efficient travel while maximizing passenger comfort through its spacious cabin and ergonomic seating design.

The TVS King EV MAX is now available across select dealerships in UP, Bihar, J&K, Delhi and West Bengal, at a price of Rs. 2,95,000/- (ex-showroom). It also comes with a warranty of 6-years / 150,000 km (whichever is earlier), along with 24/7 road-side-assistance for the first 3 years.

Chandigarh, 21 January 2025: Tata Power EZ Charge, India’s leading provider of EV charging solutions, took centre stage at the Bharat Mobility Global Expo 2025, showcasing its vast infrastructure network and various offerings across customer segments.

At the event, Tata Power EZ Charge highlighted its unwavering commitment to ensuring seamless EV adoption in India through a multifaceted approach that combines technological innovation, green energy integration, and strategic network expansion. The company’s EV charging solutions are dedicated to removing range anxiety by offering a robust and expansive charging network that spans city locations, residential societies, highways, commercial hubs, and beyond.

The Company showcased its offering across various segments covering Passenger Cars, Buses, Trucks, Fleets and others.

The Company’s EZ Charge mobile app, a key focus at the event, empowers users with real-time updates, enabling them to locate chargers, check availability, and manage charging sessions effortlessly—a significant step towards reducing range anxiety among EV owners.

The Company also offers RFID cards RFID enabled cards to EV owners in India. Tata Power EZ Charge enabled RFID cards can make charging at any Tata Power charging outlet considerably easier, removing the need to launch a charging session via a mobile application. The RFID card may be used by any EV owners, regardless of brand.

The stall featured innovative solar-powered chargers and advanced charging solutions that emphasize renewable energy utilization. Working prototypes of these chargers, alongside other breakthrough innovations such as fast-charging solutions and AI-driven monitoring systems, demonstrated Tata Power’s capability to push the boundaries of EV charging technology.

Tata Power’s expansive EV charging network now boasts over 5,500 public chargers across 550 cities & towns, complemented by 120,000+ home chargers and 1,100 bus Charging points. With strategically placed infrastructure along 550+ of India’s national highways and key routes connecting major metros, business hubs, tourist & religious destinations that are frequently used by road travellers such as Delhi – Chandigarh , Bengaluru- Chennai , Kolkata- Bhubaneshwar, Mumbai – Goa, Guwhati-Shillong the company ensures seamless long-distance travel for EV owners.

This extensive network plays a critical role in reducing range anxiety and enabling EV adoption across urban, rural, and highway locations. Our wide-reaching charging network has facilitated over 165 million green kilometers, driving the shift toward a cleaner, greener future

As part of its sustainability efforts, Tata Power has introduced green energy-powered chargers, including solar-integrated solutions, furthering its commitment to reducing reliance on conventional energy sources and promoting clean transportation. These chargers are designed to provide efficient, eco-friendly solutions, reinforcing Tata Power’s position as a leader in sustainable e-mobility. The Company has over 1000 green-powered chargers across the country.

To accelerate EV adoption, Tata Power EZ Charge has partnered with all major leading OEMs like Tata Motors ,Jaguar Land Rover etc resulting in the installation of over 5500 public / semi public charging points nationwide. These collaborations ensure compatibility and convenience for a wide range of EV models, catering to diverse user needs. Tata Power’s state-of-the-art Network Operations Centre (NOC) in Mumbai monitors this vast network in real time, ensuring optimal performance and rapid resolution of technical issues, thereby delivering a seamless and reliable charging experience.

Looking ahead, Tata Power plans to significantly expand its EV charging footprint by installation of high-speed chargers across key highways over the next five years. This growth strategy focuses on enhancing accessibility in major metropolitan areas, underserved rural regions, and high-traffic tourist destinations, aligning with the growing demand for EVs and the Indian government’s vision for sustainable transportation.

The company’s efforts are aligned with national initiatives such as the EV30@30 campaign, which targets 30% EV penetration in new car sales by 2030, and the National Electric Mobility Mission Plan (NEMMP). By integrating renewable energy solutions, expanding infrastructure, and addressing range anxiety through technological innovation, Tata Power is actively supporting India’s clean energy transition and net-zero aspirations. With its robust infrastructure, innovative technologies, and unwavering focus on sustainability, Tata Power EZ Charge is at the forefront of India’s e-mobility revolution, paving the way for a cleaner, greener, and more accessible future for all.

Chandigarh, January 21 2024: TPCODL, a joint venture of Tata Power and the Government of Odisha, has unveiled a state-of-the-art Power Distribution Technology Centre in Bhubaneswar today, marking a transformative leap in distribution network management and operational excellence.

The centre was inaugurated by Shri K. V. Singh Deo, Hon’ble Deputy Chief Minister, Government of Odisha, in the esteemed presence of the Shri Manoj Ahuja, Chief Secretary, Government of Odisha; Dr Praveer Sinha, CEO&MD, Tata Power; Mr Sanjay Banga, President T&D; Tata Power, CEOs of Tata Power led Odisha discoms- TPCODL, TPSODL, TPWODL and TPNODL and other senior officials from the Government and Tata Power.

This cutting-edge technology hub integrates advanced Operational Technology (OT) and Information Technology (IT) systems, along with a 24×7 Power System Control Centre (PSCC) that ensures real-time network monitoring, seamless system operations, and uninterrupted power supply across Odisha. It will help to improve the resilience of the power distribution network while ensuring seamless operations across the state.

“The Power Distribution Technology Centre is a key step in making Odisha a hub of distribution excellence. With advanced infrastructure and technologies, it ensures resilient and reliable power for the state. It reflects our vision for a future-ready energy ecosystem that supports both consumers and industries. I commend Tata Power for its unwavering commitment to strengthening power distribution in Odisha.” said Shri K. V. Singh Deo, Hon’ble Deputy Chief Minister and Energy Minister of Odisha at the inauguration.

It is also equipped with Advanced Distribution Management Systems (ADMS), to ensure enhanced network reliability and precise operational control. Geographical Information System (GIS) technology streamlines asset management and consumer indexing, while the Utility Data Stream (UDS) automates energy audits through seamless integration of GIS, billing, and meter management. Real-time weather monitoring and satellite communication further bolster connectivity and operational continuity.

The PSCC manages the 33 kV network, encompassing 224 SCADA-integrated primary substations and their associated 11 kV infrastructure, reinforcing network reliability and efficiency. At the heart of the facility lies a robust Data Centre, housing over 100 racks and 400+ servers. This infrastructure supports critical consumer-facing applications like websites, mobile apps, call centres, and billing systems.

In addition to its technological capabilities, the centre bolsters disaster recovery mechanisms for all four Tata Power led Odisha DISCOMs. The PSCC serves as the Main Control Centre (MCC) for TPCODL and as the Backup Control Centre (BCC) for TPWODL, TPSODL, and TPNODL, ensuring business continuity during any potential disruptions. The BCC located in Sambalpur, plays a critical role in maintaining uninterrupted operations across Odisha.

Since taking over the distribution business, Tata Power led Odisha discoms have consistently upgraded their infrastructure to deliver reliable and sustainable power. The migration to the advanced Technology Centre represents a significant milestone, reflecting the company’s commitment to leveraging advanced technologies for the benefit of its consumers and stakeholders. The inauguration of the Technology Centre underscores the collective vision of Tata Power Odisha DISCOMs to create a technology-driven robust power distribution system. This state-of-the-art facility will help transform Odisha Discoms into one of the most advanced discoms in the country, serving over 5 crore consumers through real-time network monitoring and seamless operations.

Chandigarh January 21, 2025: TVS Motor Company and Hyundai Motor Company (HMC) today unveiled concept models of advanced electric three-wheelers and micro four-wheelers at Bharat Mobility Global Expo 2025. The concept models address the pressing need for sustainable mobility and align with the evolving demands of road and urban infrastructure in one of the world’s fastest-growing economies. Together with Hyundai Motor, TVSM is exploring contributing to the last-mile mobility market of India. While binding agreements are yet to be executed, Hyundai Motor is exploring offering design, engineering, and technology while TVSM will contribute towards the manufacture, market, and co-development of the vehicles.

These innovative concepts underline TVSM’s focus on providing mobility solutions that are efficient, exciting, responsible, safe, and sustainable.

Commenting on the announcement, Sharad Mishra, President, of Group Strategy, at TVS Motor Company, said, “TVS is proud to partner with Hyundai to shape the future of urban mobility. By combining Hyundai’s global expertise with our deep understanding of mobility solutions, we aim to develop next-generation micro-mobility solutions that redefine last-mile connectivity. This collaboration reflects our commitment to innovation and sustainability. With a shared vision, we are confident that this partnership will deliver impactful solutions that set new standards in design, engineering, technology, and quality.”

Commenting on the concepts, Mr SangYup Lee, Executive Vice President and Head of Hyundai and Genesis Global Design, Hyundai Motor, said, “Hyundai Motor is a customer-centric brand, and caring for people in India is our first mission. This commitment has driven us to explore designing micro-mobility solutions tailored to India’s unique environment, reimagining the iconic three-wheeler to enhance mobility experiences through thoughtful design. Collaborating with TVS Motor, we aim to locally produce the three-wheeler while exploring global opportunities for the four-wheeler, blending intuitive functionality with the spirit of a rapidly innovating India.”