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Category: Awards & Recognition

  • Transforming Hygiene Education In Delhi


    Dettol School Hygiene Education Programme

    Reckitt and Jagran Pehel Unveil Dettol School Hygiene Programme in Delhi with MCD

    Aims to reach 4.5 million beneficiaries, educating them on essential hygiene practices

    NEW DELHI: Reckitt, one of the world’s leading consumer health and hygiene companies, has launched the Dettol School Hygiene Education Programme in Delhi under its flagship campaign, Dettol Banega Swasth India. In collaboration with Jagran Pehel, the social initiative arm of Dainik Jagran, a Memorandum of Understanding (MoU) has been signed with the Municipal Corporation of Delhi (MCD) to implement the campaign across MCD schools in 12 zones of Delhi. The initiative aims to reach 4.5 million beneficiaries, including school children, teachers, and parents, encouraging and empowering communities to adopt better WASH (Water, Sanitation, and Hygiene) behaviors and practices.

    Launched by campaign ambassador Ayushmann Khurrana, the Dettol School Hygiene Education Programme will focus on promoting hygiene practices by training teachers and students and raising awareness through various activities in Delhi schools. As part of the campaign, practical sessions will be conducted aligned with the “Bajegi Ghanti, Dhulenge Haath” campaign, to educate students on the importance of handwashing. Additionally, hygiene corners equipped with Dettol soaps, sanitizers, and handwashes will be installed.

    Poor hand hygiene has significant repercussions on public health in India, particularly affecting children who are more vulnerable to Diarrhoeal diseases. This has far-reaching economic repercussions, including healthcare expenses and lost productivity. The Dettol School Hygiene Education Programme aims to address these issues by promoting good hygiene practices and creating a healthier and safer learning environment, leveraging Dettol’s trusted brand reputation.

    Gaurav Jain, Executive Vice President, of Reckitt – South Asia, said, “At Reckitt, we are consistently working to build a cleaner and healthier world through initiatives that focus on inculcating proper hygiene practices. The launch of the Dettol School Hygiene Education Programme in Delhi is a testament to our commitment to making a positive impact that reaches every corner of our great land. Over the years, the program has successfully created a significant impact, fostering active participation and engagement from children, with strong support from teachers and other stakeholders. By equipping the next generation with the tools and knowledge to maintain good health and hygiene, we aim to drive behavior change and instill lasting habits among millions of children across India.”

    In partnership with the Municipal Corporation of Delhi, the initiative is focused on reducing diarrhea diseases among children aged 0-5 and increasing school attendance through a comprehensive hygiene curriculum across Delhi. The goal is to develop children as ambassadors of cleanliness and hygiene, ingraining handwashing as a key aspect of good health.

    Sameer Gupta, Executive President & Treasurer, of Jagran Prakashan Ltd., said, “The link between hygiene and public health is clearer than ever, yet proper handwashing practices are still lacking in many parts of the country. The Dettol School Hygiene Education Programme is an essential initiative to enhance sanitary practices in schools, homes, and communities by promoting behavioral changes. We are proud to partner with Reckitt and the Municipal Corporation of Delhi in empowering school teachers and students, instilling vital habits that will create a lasting positive impact on our society.”

    The program sensitizes children about six critical occasions for handwashing, including washing hands after defecation and using toilets, before eating, before preparing and serving food, before feeding infants/children, after cleaning a child’s bottom, and after coughing or sneezing during illness. The initiative aims to create a lasting impact on public health and hygiene practices by fostering an enabling environment in educational institutions, empowering teachers as agents of change, and improving students’ knowledge, attitudes, behaviors, and practices related to hygiene and sanitation.

  • Explore Jaffna with IndiGo – NRI News

    IndiGo’s Newest International Destination from Chennai

    Jaffna becomes the 122nd destination in the larger 6E network

    Expands reach within Sri Lanka, with direct access to the Northern parts of the country

    INDIA: IndiGo, India’s preferred airline has announced Jaffna, Sri Lanka as the newest addition to its international route network. The airline will start non-stop daily flights between Chennai and Jaffna, starting September 01, 2024. Jaffna will be the second destination in Sri Lanka after Colombo for IndiGo, making it the 34th international and 122nd overall destination in its extensive 6E network.

    This strategic announcement will further strengthen the strong cultural and trade ties between India and Sri Lanka that have been marked by cooperation in the fields of commerce, infrastructure development, and air connectivity. Bookings for the flight are open from August 01, 2024.

    India has consistently held the position of the top primary market for international tourist arrivals to Sri Lanka. In June 2024, Indian arrivals accounted for 25.2% of the total, with over 28,631 travelers, compared to a 26.7% share in June 2023, with around 26,830 passengers. There is also an increasing interest in travel to Jaffna. In this context, IndiGo’s latest route announcement to Jaffna will enhance accessibility across the region. Jaffna will complement IndiGo’s existing flights to Colombo, offering travelers a secondary market access point in Sri Lanka.

    Vinay Malhotra, Head of Global Sales at IndiGo, said, “We are pleased to announce Jaffna as our new destination in Sri Lanka, which will catalyze enhancing trade & tourism between our two countries. In addition to these daily flights from Chennai to Jaffna, we also offer 30 weekly frequencies from 4 points in India to Colombo. This 75-minute flight would significantly reduce travel time, making Jaffna, Sri Lanka even more accessible. We are continuously working towards providing our customers with superior connectivity and enhanced accessibility to explore new horizons with our ever-expanding range of travel options.”

    The demand for travel between Chennai and Jaffna is evident, with over 21,000 passengers flying the route in just nine months last year. IndiGo’s new direct flight provides a timely boost to this resurgence, offering seamless connectivity and tapping into a key market for Sri Lanka’s tourism revival. India and Sri Lanka share a rich legacy of intellectual, cultural, religious, and trade relations spanning over 2,500 years.

    Jaffna, a city located in the northern province of Sri Lanka, is a destination that boasts a rich history and cultural significance. Its vibrant Tamil heritage is reflected in its traditions, festivals, and historical landmarks, showcasing the resilience and diversity of its people. Visitors can explore iconic sites such as the Jaffna Fort, which serves as an architectural testament to the region’s colonial past, and the Nallur Kandaswamy Kovil, a revered Hindu temple that holds both religious and cultural importance. The community’s resilience, combined with its cultural treasures and culinary delights, makes Jaffna a must-visit destination for travelers seeking an authentic and enriching experience.

    Customers who wish to plan their travel can book tickets via our official website www.goIndiGo.in or through our mobile app. The introduction of these flights will further bolster the airline’s international connectivity.

    Flight schedule:

    Flight No.OriginDestinationFrequencyEffectiveDepartureArrival6E 1177ChennaiJaffnaDailySep 01, 202413:5515:106E 1178JaffnaChennaiDailySep 01, 202415:5517:10

    *Schedule may be subject to change depending on approvals from regulatory authorities

  • ixigo’s Q1 FY25 Financial Report

    Achieving 78% YoY Profit Growth and 16% YoY Revenue Increase

    GURUGRam: Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192), India’s leading OTA for the Next Billion Users, announces its financial results (standalone and consolidated) for the quarter ended June 30, 2024.

    Key Performance Highlights – Q1 FY25

    Gross Transaction Value (GTV) crossed Rs. 2,988 Cr in Q1 FY25, growing by 27% YoY. Train & Flight GTV expansion of 28% YoY and Bus GTV expansion of 16% YoY for Q1 FY25 vs Q1 FY24.

    Revenue From Operations grew by 16% YoY in Q1 FY25 to Rs. 181.9 Cr from Rs. 156.6 Cr in Q1 FY24.

    Contribution Margin (CM) increased by 22% YoY for Q1 FY25, reaching Rs. 86.8 Cr. CM as a % of Revenue from Operations increased from 45% in Q1 FY24 to 48% in Q1 FY25.

    EBITDA increased by 62% to Rs. 19.2 Cr for Q1 FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income)increased to Rs. 20.3 Cr. for Q1 FY25, an increase of 48% from Rs. 13.7 Cr in Q1 FY24. 

    Profit After Tax grew by 78% YoY in Q1 FY25 to Rs. 14.9 Cr, compared to Rs. 8.4 Cr in Q1 FY24. 

    Commenting on the results, Aloke Bajpai, Group CEO & Rajnish Kumar, Group Co-CEO, ixigo, stated: “We are pleased to report continued momentum in our growth in Q1 FY25, with an all-time high GTV, Revenue from Operations, Contribution Margin & Adjusted EBITDA for the quarter. We continue to expand rapidly and improve our market share and at the same time have been able to improve our profitability. We believe the government initiatives on infrastructure, capacity creation, and spiritual tourism are set to benefit our sector.”

    Saurabh Devendra Singh, Group CFO, ixigo, added: “Our financial results for Q1 FY25 are a testament to our disciplined approach of balancing growth and profitability. We remain committed to growing responsibly and balancing profitability with growth given we will continue investing in initiatives that help us in the long term.”  

  • Everton FC Coach Leighton Baines on Competing Against Muthoot FA’s Tactical Brilliance

    Punjab FC show tremendous fight before going down 3-2 against Aston Villa FC

    BIRMINGHAM, UK: The Next Generation Cup 2024 campaign began with Indian clubs Punjab FC and Muthoot FA giving a tough run to their opponents Aston Villa FC and Everton FC respectively. The Toffees had to wait till the second half to find a way past a disciplined Muthoot FA team for their 1-0 victory. On the other hand, Reliance Foundation Development League (RFDL) 2023-24 champions Punjab FC put up an impressive fight before going down 3-2 in front of Aston Villa FC on the opening day of the tournament.

    The two games were arguably of stark contrast, with there being a fair bit of flair in the Punjab FC encounter, thanks to the two teams constantly going back and forth against each other. Muthoot FA’s style of play drew praise from Everton FC coach and ex-England player Leighton Baines as well. Here’s a brief rundown of the concerned fixtures. 

    Muthoot FA vs Everton FC

    Muthoot FA produced a fitting contest against Everton with the Toffees scoring the only goal of the match in the 34th minute.

    The third-place winners of the Reliance Foundation Development League (RFDL) 2023-24 were neatly organized at the back and didn’t offer their Premier League opponents many clear-cut goal-scoring opportunities in the opening half of the contest.

    Eventually, it took a concerted team effort on their behalf to break through the Muthoot FA backline.

    Jacob Beaumont-Clark pierced through the defense of the Indian side with a dazzling run through the center. He released the ball to an onrushing Callum Bales on the right flank.

    Bales received the ball with a deft first touch, before setting up Kean Wren with a squared-up pass that the latter comfortably tapped in to break the deadlock after a gripping passage of play.

    “It was a tough game. It was a different challenge for our lads to play against well-organised opponents. I am hoping that they learn something from it and it came across as a big challenge for us. Muthoot FA came in with a clear idea of how they might get success out of this game. They’ve got a good idea of when they have the ball, and what they would want to do in those moments. We don’t always get to practice in such situations, which is good for our lads and for the overall development of players,” Everton FC coach Leighton Baines said after the game.

    Brief Scores

    Everton FC 1 (Kean Wren 34’) – 0 Muthoot FA

    Punjab FC vs Aston Villa FC

    Aston Villa FC triumphed over Punjab FC by 3-2 in a closely contested game, with the English outfit taking the lead through their forward Rory Wilson in the 12th minute of the match.

    In a template that was visible throughout the encounter, both sides ensured that they didn’t allow their opponents ample space to work with the ball outside of the 18-yard box.

    It resulted in an overcrowding of the penalty area, but players from the two ends delivered a high-scoring clash.

    Wilson complemented his opening goal with another strike in the 33rd minute, with almost identical goals coming as a result of his ability to put the ball into the back of the net from close spaces.

    But before that, Omang Dodum from Punjab FC equalized the scores in the 22nd minute, collecting a ball on the run in the left flank and depositing it past Aston Villa FC goalkeeper Sam Lewis. Travis Patterson and Mason Cotcher joined hands at the 40th-minute mark to add another goal to Aston Villa FC’s tally.

    Patterson’s cross from the left flank was perfectly met and converted by Cotcher to get the scores to 3-1 up. However, Punjab FC struck quickly on the counter, with No. 10 Manglenthang Kipgen striking from a few yards away from the left flank a minute later to cut the deficit.

    Eventually, Aston Villa FC held their nerves until the end to secure the win.

    “We need to focus more on tactical decisions. We were intact for large portions but lost concentration for a bit and conceded the easiest of goals. We were having a good run of chances, but couldn’t capitalize on that and an unwanted error resulted in us going 1-0 down. The players are high on confidence but we need to address a bit in the execution part of things. We are lacking a bit of instinct and this is the best possible platform for us to work on things and learn a lot going forward,” Punjab FC coach Sankarlal Chakraborty said.

    Brief Scores

    Aston Villa FC 3 (Rory Wilson 12’ 33’, Mason Cotcher 40’) – 2 Punjab FC (Omang Dodum 22’, Manglenthang Kipgen 41’)

    Schedule – August 2, 2024

    Muthoot FA vs Crystal Palace FC – 2:30 PM IST

    Aston Villa FC vs Stellenbosch FC – 2:30 PM IST

    Everton FC vs East Bengal FC – 7:30 PM IST

    Tottenham Hotspur FC vs Punjab FC – 7:30 PM IST

    Where to Watch

    The matches will be streamed live on the following platforms -:

    Reliance Foundation Youth Sports: https://youtube.com/@RelianceFoundationYouthSports

    Premier League: https://youtube.com/@premierleague

  • Experience the Ultimate Movie Magic at PVR INOX Limited’s New 9-screen Cinema in Ahmedabad with IMAX and Luxe


    PVR INOX Palladium Mall, Ahmedabad

    Introduces the world’s most immersive format, IMAX® in the state of Gujarat

    INDIA: PVR INOX Limited, the largest and the most premium cinema exhibitor in India today announced the opening of its largest 9-screen multiplex at Phoenix Palladium Mall in Ahmedabad. With the launch of this cinema, Gujarat gets its first luxury cinema with IMAX and LUXE formats that will offer an unparalleled cinema viewing experience to its patrons.

    With this cinema opening, PVR INOX Limited strengthened its presence in Ahmedabad with 36 screens in 6 properties and in the state of Gujarat with 134 screens in 28 cinemas. The company consolidates its presence in Central India to 210 screens in 43 properties.

    The new multiplex accommodates 1283 guests and is strategically located at Thaltej in the western part of Ahmedabad, a high-end catchment area well connected to the rest of the city through the Sarkhej-Gandhinagar Highway. The new cinema is equipped with state-of-the-art cinematic technologies including captivating 3D technology, Dolby 7.1 Audio for powerful sound quality, and 4K laser projection for making movie viewing a larger-than-life experience.

    The cinema proudly introduces the first commercial IMAX® with laser theatre in Gujarat. IMAX® with Laser has been designed from the ground up exclusively for IMAX® screens. The experience is set apart by its next-generation 4K laser projection system which features a new optical engine and a suite of proprietary IMAX technologies that deliver increased resolution, sharper and brighter images, deeper contrast as well as the most distinct, exotic colors ever available on-screen. The new experience also features IMAX®’s Surround sound technology to deliver greater dynamic range and precision for the ultimate in audio immersion.

    Speaking on the launch, Ajay Bijli, Managing Director, PVR INOX Limited, “We are thrilled to expand our presence in Gujarat with the opening of the largest cinema in Ahmedabad featuring the city and state’s first LUXE and IMAX® auditoriums. The evolution of next-generation destination shopping and entertainment centers is consistently leading the change in the market dynamics and PVR INOX Limited is taking the lead to be part of this evolutionary process. Our cinemas in these malls epitomize next-generation entertainment, offering audiences the finest global cinematic experiences.”

    The Art Deco interiors of the cinema are sophisticated and elegant. With all the facets, including the opulent LUXE lounge and custom backlit artworks with a ‘V’ theme celebrating legendary actors the patrons are in for an extraordinary visual treat. Ergonomic recliners and an elaborate gourmet menu served on the seats are other things that will add to an optimal viewing experience for movie and food connoisseurs.

    “We are delighted to unveil the biggest cinema in Ahmedabad, Gujarat, one of the most progressive states offering an investor-friendly destination. This marks a significant milestone for us as we introduce our hugely successful LUXE and IMAX® format to this part of the city to make cinema viewing more experiential. With cutting-edge technology and a focus on creating immersive viewing experiences, we are confident that our advanced cinema will become the premier destination for movie enthusiasts in the region,” said Sanjeev Kumar Bijli, Executive Director, PVR INOX Limited.

  • Human Milk Bank Service, 10 Years of Life-Saving

    Under the Yashoda Human Milk Bank Project, Sahyadri Hospitals and Rotary Club Pune Pride Save Over 3500 Pre-Term Infants in 10 Years

    PUNE: Sahyadri Hospitals MomStory is proud to announce the completion of ten years of its Human Milk Bank Service in Pune, marking a significant milestone in the care of pre-term infants. This service was initiated by Rotary Club Pune Pride under their impactful Yashoda Milk Bank Project. Over the past decade, more than 3500 pre-term infants have been saved, thanks to the generous donations of lactating mothers and the dedicated efforts of our medical team.

    Dr. Sunil Rao, Chief Operating Officer of Sahyadri Hospitals, highlighted the operational challenges and successes over the past decade. “Operating a human milk bank involves significant logistical and financial challenges. From the rigorous screening of donors to ensure safety, to the pasteurization and storage processes, each step requires meticulous attention and resources. Despite these challenges, we remain dedicated to saving pre-term infants. There are very few milk banks in Pune to meet the daily requirements of such babies, making our efforts even more critical. We have managed to extend our services beyond Pune to Kolhapur, Satara, and Solapur, thanks to our dedicated milk van and extensive awareness campaigns. The support from Rotary has been instrumental in overcoming these hurdles and ensuring a steady supply of donor milk,” said Dr. Rao.

    Dr. Pradeep Suryawanshi, Director & Head Department of Neonatology and Pediatrics at Sahyadri Hospitals MomStory, highlighted the crucial role of mother’s milk for pre-term infants saying, “Mother’s milk is essential for pre-term babies, offering vital nutrients, and antibodies that support their growth and development. Because their digestive systems are not fully developed, pre-term infants cannot properly digest formula milk, which can lead to serious complications. The nutrients in the mother’s milk are key to building the infant’s immune system and supporting healthy brain development. For these vulnerable infants, who often have underdeveloped organs, mother’s milk significantly reduces the risk of infections.” Dr. Suryawanshi explained.

    Sahyadri Hospitals MomStory and Rotary Club Pune Pride Human Milk Bank Service in Pune

    The process of milk donation at Sahyadri Hospitals involves rigorous screening of donors to ensure the highest safety standards. Potential donors undergo comprehensive health screenings, including tests for infections like HIV, HBV, and HCV. Once cleared, the donated milk is carefully collected and transported to our facility under strict temperature controls. Upon arrival, the milk undergoes pasteurization, a crucial step to eliminate any potential pathogens while preserving the milk’s essential nutrients. This process involves heating the milk to a specific temperature for a set period, followed by rapid cooling. Every batch of pasteurized milk is then tested to ensure it is free from bacterial contamination. The pasteurized milk can be safely stored for up to six months, ensuring a reliable supply for pre-term infants in need.

    To increase the number of human milk donations, Sahyadri Hospitals operates a specialized milk van which is donated by Rotary Club of Pune Pride. This well-equipped van visits mothers’ homes to collect their milk donations and assists in distributing the milk to various hospitals across Maharashtra.

    Operating since August 2014, the Human Milk Bank at Sahyadri Hospitals has been a pioneer in Pune, extending its services to western parts of Maharashtra. Despite the existence of only a few milk banks in Pune, Sahyadri Hospitals has risen to meet the daily requirements of pre-term infants through its dedicated milk van and awareness campaigns encouraging milk donation.

    Sahyadri Hospitals expressed heartfelt gratitude to Ramesh Purandhare, Chairman of the Human Milk Bank Project (HMB), and Rtn Radha Gokhale, President of the Rotary Club of Pune Pride, for their generous donation of milk bank equipment, their invaluable support, and for being present at the occasion.

    “The demand for donor milk is increasing day by day, and every donation makes a significant difference. We urge all lactating mothers to donate and help save more newborns. Each drop of milk donated helps to build a healthier future for our pre-term infants.” said Dr. Suryawanshi.

    Despite challenges like infrastructure costs, maintenance, and raising awareness, Sahyadri Hospitals’ dedication and the support from Rotary have been crucial in overcoming these hurdles. Through these ongoing efforts, we aim to reach more infants, support their survival, and give them a chance to thrive in this world.

  • BrainBees Solutions Limited IPO Set to Kick Off on August 6, 2024


    Brainbees Solutions LimitedIPO

    BrainBees Solutions Limited IPO, the price Band fixed at ₹ 440 per Equity Share to ₹ 465 per Equity Share of the face value of ₹2 each of Brainbees Solutions Limited (“Equity Shares”)  

    Anchor Investor Bidding Date: Monday, August 5, 2024 

    Bid /Offer Opening Date: Tuesday, August 6, 2024

    Bid/ Offer Closing Date: Thursday, August 8, 2024

    Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter

    The Floor Price is 220 times and the Cap Price is 232.5 times the face value of the Equity Shares.

    Mumbai, August 01, 2024: Brainbees Solutions Limited proposes to open its IPO on Tuesday, August 6, 2024. Bid/ Offer Closing Date will be Thursday, August 8, 2024. Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, that is, Monday, August 5, 2024. 

    The Price Band of the Offer has been fixed from ₹440 per Equity Share to ₹465 per Equity Share. Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.

    The Offer comprises a Fresh Issue of equity shares aggregating up to ₹ 16,660.00 million (the “Fresh Issue”) and an offer for sale of up to 54,359,733 equity shares of face value ₹ 2 (the “Offer for Sale”). The Offer for Sale comprises of up to 46,814,458 Equity Shares of face value ₹ 2 each by corporate selling shareholders and up to 7,545,275 Equity Shares of face value ₹ 2 each by individual selling shareholders.

    The Offer includes a reservation of certain equity shares of face value of ₹ 2 each, aggregating up to ₹ 30.00 million for subscription by eligible employees (“Employee Reservation Portion”). The offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.

    The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). The company has received in-principle approvals from BSE and NSE for the listing of the Equity Shares under their letters, each dated May 16, 2024.

    Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, JM Financial Limited, and Avendus Capital Private Limited are the book-running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer

  • Payoneer’s Pune Connect: Pune as India’s Service Exports Hub


    Payoneer’s Pune Connect

    PUNE: Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small- and medium-sized businesses (SMBs) to transact, do business, and grow globally, hosted the fourth edition of Payoneer’s Pune Connect on 31st July 2024 at the Four Points by Sheraton Hotel in Pune, Maharashtra. The event brought together over 65+ entrepreneurs, founders, and decision-makers from service export SMBs across various domains, including IT, web and app development, programming and technical support, consulting and management, and digital marketing and sales. Attendees had the opportunity to network, gain insights, and learn strategies for international business expansion.

    Building on the success of Payoneer Elevate, this event (Payoneer’s Pune Connect) is another initiative by Payoneer in India, marking a significant step towards empowering the city’s entrepreneurial community. Attendees discussed strategies for global expansion, the importance of international partnerships, overcoming cross-border payment challenges, and efficiency across borders for global teams.

    Gaurav Shisodia, Vice President – India at Payoneer, commented, “SMBs have a tremendous opportunity to drive growth by tapping into global demand. At Payoneer, we have witnessed and catalyzed significant growth for service export businesses: from 2016 to December 31, 2023, growth surged by 54%, with volume and revenue achieving impressive compound annual growth rates (CAGRs) of 85% and 88%, respectively.

    Pune is one of our priority markets in India, ranking among the top 10 cities driving the most growth for us. We are committed to providing a platform for the city’s business ecosystem through Payoneer Connect. This initiative supports businesses by facilitating learning, networking, and access to domain experts, helping them accelerate their international growth opportunities,”.

    Key panels at Payoneer VIP Connect Pune included:

    “Seizing Global Growth Opportunities” – Pune-based business leaders Mohan Jambhulkar (CEO, Target AEC Global) and Pranshu Tople (Co-Founder, RigBetel Labs) explored global market opportunities, addressing the biggest challenges Micro, Small and Medium Enterprises (MSMEs) face in international expansion and strategies for maintaining competitiveness. As entrepreneurs managing global businesses, the speakers provided practical tips on multi-entity operations, overcoming cross-border payment challenges, and how to achieve global success.

    “Addressing Data Privacy & Cybersecurity Hurdles in Global Markets” – Shivangi Nadkarni (Co-founder & CEO of Arrka) delved into the critical obstacles and technology challenges businesses commonly encounter. She provided an in-depth analysis of the current landscape of data privacy and cybersecurity, highlighting the essential strategies businesses should adopt to safeguard their operations in an increasingly interconnected world.

  • Suzuki Motorcycle India Achieves Milestone Sales in July 2024

    Crosses 1-Lakh Sales Mark for the First Time in the Domestic Market

    NEW DELHI: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has achieved record-breaking monthly sales in July 2024. The company sold 1,16,714 units, marking 8% year-on-year growth compared to 1,07,836 units sold in July 2023.

    Setting a new height in the domestic market, SMIPL’s sales crossed the 1-Lakh mark for the first time. The company sold 1,00,602 units in July 2024. This represents a robust double-digit growth of 25% over last year’s 80,309 units. Meanwhile, SMIPL exported 16,112 units in July 2024, compared to 27,527 units in the same month last year.

    Regarding the sales achievement, Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “Suzuki Motorcycle India recorded highest ever sales of more than 1.16 Lakh scooters & motorcycles in July 2024. Backed by healthy demand for our products in the domestic market, our sales grew by 25% in the month, crossing the 1 Lakh unit mark for the first time. I extend my heartfelt thanks to our valued customers, dedicated dealer network, and our esteemed business partners for their continued trust and support, which has helped us to reach this milestone.”

    In July 2024, SMIPL refreshed its scooter line-up in India to bring joy to customers ahead of the festive season. The company introduced the Suzuki Access 125 and the Suzuki Burgman Street in Special Festive Colours to their existing range. Additionally, SMIPL launched the 2024 Suzuki Avenis in four all-new color combinations and bold & futuristic edgy graphics.

  • Wardwizard Innovations & Mobility Limited Achieves Impressive Rs. 489.68 Million Revenue In Q1 FY’25

    VADODARA: Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, today announced its financial results for Q1 of FY’25 (April-June 2024). 

    Standalone Q1 FY25 Key Financials at a Glance

    Particulars (₹ Millions)Q1 FY25Q1 FY24YoY ChangeTotal Revenues489.68378.9329.23%EBITDA76.4847.7660.13%EBITDA (%)15.6212.60302 BpsPAT24.1517.5137.92%PAT (%)4.934.6231 BpsEPS (₹)0.090.0728.57%

    Consolidated Q1 FY25 Key Financials at a Glance

     Particulars (₹ Lakhs)Q1 FY25Q1 FY24YoY ChangeTotal Revenues514.43378.8335.79%EBITDA74.8945.1765.80%EBITDA (%)14.5611.92264 BpsPAT23.0215.6447.19%PAT (%)4.474.1334 BpsEPS (₹)0.090.0650.00%

    Commenting on the performance of Q1 FY’25, Yatin Gupte, Chairman & Managing Director, of WardWizard Innovations and Mobility Ltd. said, “The Q1FY’25 results showcase steady growth for the WardWizard Innovations driven by the increasing demand for electric vehicles in the industry. This quarter was significant for us as we successfully secured a landmark order from Beulah International Development Corporation in the Philippines, which is reflective of the growing global demand and trust in our indigenous technologies and products. We are actively expanding our reach into new markets within India and are connecting with a broader customer base. As the festive season approaches, we are confident in further solidifying our position in the EV industry. The government’s progressive and forward-thinking Union Budget 2024-25, with the announcement to fully exempt customs duty on critical materials such as rare earth metals including lithium, can further incentivize electric mobility. Wardwizard Innovations remains dedicated to driving sustainable mobility solutions, fostering innovation, and contributing to a greener, more connected world.”

    In a significant development in the 1st quarter, Wardwizard Innovations & Mobility Limited secured a substantial order worth USD 1.29 billion from Beulah International Development Corporation. Beulah International, a prominent full-service business integration company and EPC firm in the Philippines is backed by RP Connect. This strategic order will involve the delivery of electric two-wheelers and three-wheelers from Wardwizard’s existing product portfolio. Additionally, the company will develop and supply four-wheelers for commercial vehicle applications in the Philippine market.