Author: Rabindra

Simply Fresh celebrates the 78th Independence Day with the #HappyZimmedaariDay campaign

National, 14.08.24: As India prepares to celebrate its 78th Independence Day, Simply Fresh, the flagship brand of BN Group, the largest edible oil manufacturer in India, launched a powerful new brand film in tribute to the spirit of Indians driving the nation’s progress. Titled “Azadi Ek Zimmedaari Hai,” the film compellingly showcases stories that reflect values such as responsibility, mutual respect, and unity while exploring the true essence of freedom in a rapidly evolving India.

Kiran Giradkar, Group Chief Marketing Officer, BN Group, stated, “Our brand, Simply Fresh, is constantly supporting fresh ideas that drive progress and help to build a stronger nation. It’s a common sight that, in our pursuit of enjoying our own freedom, we often infringe upon the basic rights of others. This campaign is a stark reminder that with freedom comes responsibility. We hope these simple corrections have the potential to turn visions into reality, creating a brighter future for all.”

The campaign, which has been rolled out across multiple platforms, including Instagram, Facebook, LinkedIn, YouTube and X, aims to drive the message that, in our pursuit of personal freedom, we must not violate the basic rights of those around us. The central theme encourages every citizen to recognise that freedom is best celebrated when it is shared and respected by all.

Simply Fresh invites everyone to join the movement by sharing the campaign, using the hashtag #HappyZimmedaariDay, and reflecting on how they can contribute to a more responsible and united nation.

WiseOps acquired by CloudKeeper in a mix of equity and cash to enhance cloud cost optimization offerings

August 14th, 2024: WiseOps, a pioneering platform specializing in AWS cost and usage optimization, has announced its acquisition by CloudKeeper, a leading provider of comprehensive cloud cost optimization services. The acquisition was completed for an undisclosed amount in a mix of equity and cash, making it a milestone in WiseOps’ mission to enhance cloud cost management for businesses around the world.

The company has previously secured an undisclosed pre-seed investment from CORE91.VC in December 2023. With a growing customer base of 50 clients, the company has achieved over $100,000 in revenue till date.

WiseOps has already set the benchmark in AWS cost optimization, as they are known for AI-driven recommendations and automated optimizations, empowering teams to significantly reduce cloud spend without compromising on performance or workflow efficiency. By integrating WiseOps’ intelligent tools into CloudKeeper’s robust ecosystem, clients can now access a truly end-to-end cloud optimization solution that promises enhanced savings and workflow efficiency.

Ronak Goyal, Co-founder of WiseOps commented, “This represents a significant opportunity for both WiseOps and CloudKeeper to drive innovation and deliver exceptional value. We look forward to integrating our technologies and expertise to offer even more powerful solutions for cloud cost optimization.”

Sharing about the journey of the company, Praneet Chandra, Co-founder of WiseOps, stated, “Fifteen months ago, Ronak and I founded WiseOps in response to companies struggling with rising costs and cloud infrastructure challenges, leading to layoffs. Our journey began with our first customer, where we reduced their cloud bill by 50%.”

“WiseOps was the missing piece of the puzzle,” said Deepak Mittal, co-founder and CEO of CloudKeeper. “By joining forces with them, CloudKeeper has become a truly comprehensive cloud cost optimization solution. It will enable us to cater to a broader range of clients, address more complex use cases, and help businesses optimize and engineer their cloud environments more effectively.”

This acquisition is imperative in the future landscape of cloud optimization, as WiseOps and CloudKeeper, forces are combined to drive a new frontier of cost efficiency in business across the world. This assures that together, unmatched value and innovation will be delivered in cloud cost management.

Quotes for Financial Awareness Day

 By- Rayan Malhotra, Founder & CEO of NeoFinity

As Financial Awareness Day is observed, it is important to recognize the value of cultivating mindful financial habits and making informed decisions. Financial literacy serves as a vital resource, empowering individuals to achieve their goals and secure their futures. This is particularly relevant for Millennials and Gen Z, who face an increasingly complex financial landscape.

Starting with basic steps, such as creating a budget and tracking expenses, can significantly enhance one’s understanding of where money is spent. Making informed investment choices, such as selecting mutual or index funds and leveraging compound interest, can contribute to long-term wealth accumulation. Additionally, establishing an emergency fund covering 3-6 months of expenses provides a crucial safety net for unforeseen circumstances.

Maintaining credit awareness is equally important; responsible credit card usage and regular monitoring of credit scores can help prevent financial setbacks. Diversifying income sources, through avenues like freelancing or investing, adds an extra layer of financial security. Continuous education in personal finance and staying updated on market trends are essential for making well-informed decisions.

By embracing these practices, individuals can build a stable financial future, full of opportunities and potential. Taking control of finances today is the key to ensuring a more secure tomorrow.

By- Garima Tripathi, Partner V Sahai Tripathi and Co, Chartered Accountants

The significance of appreciating personal money is crucially underscored by National Financial Awareness Day, which is observed on August 14. Personal finance includes all aspects of smart money management, sensible saving, and wise investing. It includes insurance, loans, investments, retirement, taxes, and estate planning in addition to budgeting. Families and individuals can reach their financial objectives and make wise financial decisions by acquiring expertise in these areas.

Making wise financial decisions and discerning between both beneficial and detrimental counsel require financial literacy. Maximising your savings and income requires defining clear financial objectives and developing a practical plan to reach them within your means. By developing financial awareness, you can handle all aspects of personal money, from retirement planning to making the appropriate investment choices.

By being proactive and educating yourself about personal money, you can mark National Financial Awareness Day. To increase your understanding, read books, attend workshops, or speak with financial advisors. Making informed judgements that will help you in the long run and safeguarding your financial future are both possible with this approach. Make the most of today by taking charge of your financial future and beginning to lay a strong financial foundation

By- Pranjal Bansal, Partner AAPT Associates, Chartered Accountants

National Financial Awareness Day, observed on August 14 each year, is an important initiative to increase financial literacy and giving individuals the resources they need to take control of their financial future. In a world when having a solid financial condition is critical, this day serves as an emphasis of how important it is to grasp personal money and make good decisions.

Financial literacy is the cornerstone of sound financial management. It requires knowledge of budgeting, investing, saving, and debt management. On the occasion of National Financial Awareness Day, educators, financial organisations, and other organisations work together to provide resources and activities aimed at enhancing people’s financial literacy. These programs are crucial for helping people navigate complex financial circumstances and steer clear of common errors.

One of the most important lessons learnt from this day is the need to start early. By teaching the next generation financial basics, we can equip them with the knowledge and abilities they’ll need to achieve long-term financial success. This is also an opportunity for people to reassess their financial goals, develop a sensible plan, and, if needed, get professional advice.

National Financial Awareness Day, in summary, is a call to action rather than merely a day on the calendar. We can create a world where everyone is financially secure by promoting financial literacy.

Udaan E Vehicles Unveils Auto Xu3: 190+ km Range and Unmatched Comfort for Urban Mobility

New Delhi, 14th August, 2024: Udaan E Vehicles, an electric rickshaw manufacturer, proudly introduces its latest innovation, the Udaan Auto Xu3. This advanced electric rickshaw is designed to redefine last-mile connectivity in urban and suburban areas, offering an eco-friendly, cost-effective, and comfortable transportation solution. Equipped with a powerful 3.5 KW Motor Transmission and a 14 Kwh battery with a lifespan of 7 years, the Udaan Auto Xu3 stands out with its impressive specifications, including a range of over 190 km on a single charge and a top speed of 50 km/h.

Bollywood actress Mahima Chaudhary had the honor of launching the Udaan Auto Xu3, adding a touch of star power to the event. Chaudhary, known for her commitment to sustainable causes, expressed her enthusiasm for the product, emphasizing its potential to revolutionize urban mobility in India.

What truly sets the Udaan Auto Xu3 apart from other vehicles in the market is its thoughtful design and engineering. The vehicle features a monocoque chassis and independent suspension, providing exceptional stability, durability, and comfort. The advanced drivetrain, incorporating an electric motor and transmission, ensures smooth and efficient performance. Designed with both the driver and passenger in mind, the Udaan Auto Xu3 offers ample seating space and a nearly silent, vibration-free ride, making it a superior choice for last-mile urban connectivity.

A key advantage of the Udaan Auto Xu3 is its significantly lower running cost, at less than Re1 per kilometer, compared to traditional vehicles, which range from Rs.4 to Rs.9 per kilometer. Additionally, the maintenance and service costs are negligible compared to internal combustion engine (ICE) vehicles, making the Udaan Auto Xu3 an economically sound choice for drivers and operators.

Speaking about the launch, Mitull Batraa, CEO & Co-Founder of Udaan E Vehicles, stated, “The Udaan Auto Xu3 marks a significant milestone in our mission to deliver sustainable and innovative mobility solutions. As our first entry into the auto rickshaw market, it paves the way for a complete product line that will soon include solutions for rural markets and goods carriage. With its innovative design and advanced technology, the Udaan Auto Xu3 sets a new standard for electric auto rickshaws, addressing the growing demand for eco-friendly last-mile connectivity.”

The Udaan Auto Xu3 is particularly aimed at addressing the growing demand for sustainable transportation options in cities facing last-mile connectivity challenges. With its lower ownership cost, minimal maintenance, and negligible service requirements, the Udaan Auto Xu3 offers a compelling alternative to traditional gasoline-powered rickshaws. Furthermore, its design emphasizes comfort and convenience, making it easy to drive and light on the hands, with best-in-class suspension for a smooth ride.

The Udaan Auto Xu3, set for release in March 2025, is expected to open new markets across India and beyond. Udaan E Vehicles also plans to expand into rural mobility solutions and goods transport. This launch is part of the company’s broader strategy to grow both within India and internationally, laying the foundation for a full range of electric rickshaws to meet various transportation needs.

Supriya Lifescience Reports Robust Q1 FY25 Results with 21.7% Revenue Growth & Enhanced Profit Margins

Mumbai, 14th August 2024: The financial statements for the first quarter of Q1 FY 25 have been released by Supriya Lifescience Ltd., a cGMP-compliant business with a strong track record in API manufacturing and a focus on products from a variety of therapeutic segments, including anti-histamine, anti-allergic, vitamin, anaesthetic, and anti-asthmatic.

Performance Highlights for Q1 FY25:

• In the first quarter of FY25, Supriya Lifescience Ltd. witnessed remarkable growth in its revenue, reporting a 21.7 % year-over-year increase, reaching Rs. 160.63 crore compared to Rs. 132.02 crore in Q1 FY24.
• EBITDA for Q1 FY25 stood at Rs. 62.54 crore, with an EBITDA Margin of 38.9%, as opposed to an EBITDA of Rs. 44.49 crore in Q1 FY24 with an EBITDA margin of 33.7%. This marks a growth of 40.6% YoY.
• The Profit After Tax (PAT) for Q1 FY25 came at Rs 44.64 crore, compared to Rs 28.51 crore in Q1 FY24.
• The PAT Margin stood at 27.8% in Q1 FY25, compared to 21.6% in Q1 FY24.
• The company has seen good growth across different therapeutic areas in Q1FY25
• European markets now contribute 51% of our business revenue up from 43% in Q4FY24 and 34% in Q1FY24.

Consolidated Financial Highlights:

Dr Saloni Wagh, Managing Director, Supriya Lifescience Ltd, commenting on the results, said, “We are engaged in discussions with a diverse range of companies, from major pharmaceutical firms to innovative enterprises, to establish partnerships for supplying tailored products. The company achieved a record capital expenditure of Rs. 146 crore in the last financial year while also enhancing its return on equity by 210 basis points

 We’re proud to unveil our new R&D facility at Lote Parshuram and anticipate the completion of our Ambernath lab by early Q2FY25. These state-of-the-art centers will drive our next phase of growth, focusing on advanced product development, CMO/CDMO opportunities, and expanding our portfolio to meet evolving market needs. Moving forward, the company aims for significant growth with improved profitability.”

Cummins India Appoints Shveta Arya as Managing Director, Effective September 1, 2024

Bengaluru, India, August 14, 2024: Cummins India Limited, one of the leading power solutions technology providers, is pleased to announce that its Board of Directors has appointed Shveta Arya as an Additional Director and the Managing Director (Designate) effective August 8, 2024. Shveta Arya will take up the full-time role as the Managing Director of Cummins India Limited – effective September 1, 2024, subject to approval from shareholders through a postal ballot.

She succeeds Ashwath Ram, who will continue serving the company until August 31, 2024 (close of business hours). Under his leadership, the company achieved profitable growth and successfully navigated multiple challenges, including COVID-19.

Shveta leads the Power System Business for Cummins India Limited – a portfolio she will continue to hold even after her appointment as the Managing Director. As the business leader, she has been driving growth and enhancing market presence for power generation and industrial businesses serving India and the global market.​ She also successfully led the launch of the CPCB IV+ range of products, which was introduced in July 2023 and features amongst the most stringent emission standards for backup power generation in the world. Previously, as the leader of Cummins’ Distribution business in India, Shveta crafted a five-year growth vision that saw significant revenue expansion during her tenure.

Welcoming the new leader, Ashwath Ram, Managing Director, Cummins India Limited, said, “I am delighted to welcome Shveta as the next Managing Director of Cummins India Limited. As the Business Leader for Distribution and Power Systems, she has played an integral role in the company’s growth journey. Her strategic mindset, customer centricity, and commitment to our core values make her the perfect fit to steer the Company to greater heights. I wish her all the very best in this new assignment.”

Expressing her views on the appointment, Shveta Arya, Managing Director (Designate) and Business Leader – of Power Systems said, “It is both an honor and a privilege for me to lead an organization like Cummins India Limited, which has an illustrious legacy of powering India’s growth for over 60+ years. Under Ashwath’s leadership, the organization has grown tremendously over the last five years. I am deeply committed to steering the company into its next phase of growth and delivering our brand promise of innovation and dependability.”

Shveta holds a master’s from the Indian Institute of Management, Ahmedabad (IIMA) and a bachelor’s in Information Technology engineering from Delhi University. She has over 20 years of industry and management consulting experience in Automotive, Travel, Financial Services and Telecom sectors. Prior to joining Cummins in 2016 as the Head of Strategy, she has been associated with organizations such as Thomas Cook, Kearney and Infosys.

apna.co and AICTE concluded Silicon Valley Immersion Program, granting winners a trip to Silicon Valley

Mumbai, 14 August 2024: In a groundbreaking initiative aimed at bridging the gap between Indian talent and global opportunities, apna.co – India’s leading jobs and professional networking platform, in partnership with the All India Council for Technical Education (AICTE), announced the successful conclusion of the Silicon Valley Immersion Program (SVIP). This innovative program, an intellectual property created by apna.co, is designed to connect Indian youth with global tech giants and equip them with the skills needed to seize international opportunities, foster creativity, and enhance problem-solving abilities for a future-ready India.

SVIP, a national competition aimed at nurturing creativity and problem-solving skills, has culminated with Teena Chhatria, Aradhya Pitlawar, Kabir Arora, and Chaitanya Sai Krishna as its distinguished winners. These talented individuals, hailing from institutions such as XLRI Jamshedpur, WCE Sangli, and PEC Chandigarh, have earned a fully funded trip to Silicon Valley in the US. This extraordinary opportunity includes exclusive interactions with leaders from global tech giants like Google, Apple and Meta. The winners will gain insights into how these companies have emerged as world-leading tech conglomerates.

The program, which ran for 4 months, received an overwhelming 25,000 registrations from 6,000 colleges across India, with notable 40% female participation, highlighting the program’s commitment to diversity and inclusion. Any Indian aged 18 and above with at least a graduation degree (or actively pursuing one) was eligible for the program.The competition narrowed to a total of 20 national finalists competing in teams of two after a rigorous selection process. The first round included an online MCQ assessment covering logical reasoning, data interpretation, and critical thinking. The next round was a case study challenge in Marketing, Generative AI, Retail and Commerce and Software Engineering. The third and final round, the offline Grand Finale known as Startup Garage, brought participants face-to-face with a distinguished jury, including Nirmit Parikh, Founder and CEO of apna.co (and former Product and Strategy head at Apple), the AICTE Chairman, senior tech professional from Google, and other industry leaders. This decisive round determined the winning four participants.

The grand finale concluded at the AICTE HQ in New Delhi, determining the top two teams who won cash prizes worth 4 lakhs and a fully funded trip to Silicon Valley, USA.

Prof. (Dr.) T. G. Sitharam, Chairman, AICTE added, “The Silicon Valley Immersion Program aligns with our mission to enhance the quality of technical education in India. This initiative, developed in collaboration with apna.co, exposes our students to cutting-edge practices and the innovative mindset of Silicon Valley. We aim to prepare them not just as job seekers, but as potential job creators and global innovators. Through such programs, we’re taking steps to make our students industry-ready and globally competitive.”

Nirmit Parikh, CEO & Founder of apna.co, expressed his excitement about the program, “The Silicon Valley Immersion Program is a shining example of apna’s dedication to connecting dreamers with opportunities. By forging a bridge between Indian talent and Silicon Valley, we are giving young Indians the chance to learn from the best and bring their dreams to life. This is just the first step, with many more to come, in our mission to make India a global powerhouse in technology and innovation. At apna, we believe in opening doors for those who dare to dream, and this program is a chance for students to meet industry leaders and gain insights that will prepare them to lead and inspire on a global stage. Together, we are building a brighter future for India and its talented youth.”

The Silicon Valley Immersion Program enables Indian youth to connect with global technology leaders, encouraging them to be globally ready and dream big, emphasizing the importance of creativity and problem-solving in achieving life’s opportunities..

Your gateway to Himachal’s wonders: Club Mahindra Kandaghat Resort

New Delhi, August 14, 2024: En route to the renowned hill towns of Shimla and Chail in northern India lies the quaint and picturesque town of Kandaghat. Surrounded by majestic snow-capped mountain peaks, Kandaghat is an ideal destination for those seeking rejuvenation through leisurely walks amidst lush, green pastures. Nestled in this charming hill station of Himachal Pradesh, the Club Mahindra Kandaghat Resort offers an exquisite blend of natural beauty and modern comfort. The resort is conveniently accessible by road from Kalka, Chandigarh, and Delhi, with the nearest airports located in Shimla and Chandigarh. The best times to visit are from March to May and October to mid-December, while January provides a magical opportunity to experience snowfall.

Club Mahindra Kandaghat boasts 72 rooms, including studio, hotel units, and one-bedroom apartments. Guests can savor a variety of dining experiences at the resort’s Barbeque Bay, which offers stunning 360-degree mountain views and a grand fountain on the resort’s lawn. The Galaxy Bar and Blossom – multiple cuisine restaurants provide a diverse culinary experience, featuring traditional Himachali Thali alongside Western, Chinese, and Continental dishes. For a more intimate experience, candlelight dinners can be arranged upon special request. Additionally, the resort offers evening counter setups on select days, where guests can indulge in delicious specialties like Siddu, dim sums, and shawarma.

The resort offers a wide range of activities for guests to enjoy. Evening concerts featuring regional dances such as Nati and live music offer delightful entertainment. Guests can also partake in yoga sessions and various sports activities within the resort. For indoor fun, the resort’s Happy Hub includes art and craft activities, board games, arcade games, virtual games, karaoke, and training sessions on engaging activities like hocus-pocus science and painting pinecones. Outdoor enthusiasts can enjoy nature walks, village tours, river trails, and family picnics. For those seeking adventure, trekking to Karol Tibba in Kandaghat is a must. This trek leads to the oldest and longest cave in the Indian Himalayas, promising an enjoyable and memorable experience. Additionally, the resort features a spa offering Western therapies, perfect for relaxation after a day of exploration.

The resort’s prime location provides easy access to numerous attractions around Shimla, such as Apple Orchards, Mohan Shakti National Heritage Park, hot water springs at Tattapani, Rashtrapati Niwas, and Jakhoo Hills Temple. With breathtaking views of the surrounding hills and lush forests, the resort offers a serene retreat from the hustle and bustle of everyday life.

Featuring premium amenities and services, including elegant rooms, a rejuvenating spa, and diverse dining options, Club Mahindra Kandaghat Resort ensures a comfortable and luxurious stay for all guests. For a truly memorable vacation, book your stay at Club Mahindra Kandaghat Resort and immerse yourself in the natural beauty of Himachal Pradesh.

Auto Industry Performance of July-2024

Mumbai, 14 August 2024:

Monthly Performance: July 2024

 Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in July 2024 was 24,37,138 units

Domestic Sales:

• Passenger Vehicles2 sales were 3,41,510 units in July 2024.
• Three-wheeler sales were 59,073 units in July 2024
• Two-wheeler sales were 14,41,694 units in July 2024.

Commenting on sales data of July 2024, Mr Vinod Aggarwal, President, SIAM said, ““Though Three-Wheeler and Two-Wheeler segments are performing well, there has been some de- growth of Passenger Vehicles and Commercial Vehicles in July 2024, compared to July 2023. The above average rainfall coupled with upcoming festive season is likely to again propel growth in the short term. In addition, enabling budget announcements which emphasizes on overall economic growth with fiscal support for infrastructure and rural sector should augur well for the Auto sector in the medium term.”

Commenting on July-2024 performance, Mr Rajesh Menon, Director General, SIAM said, “In July 2024, Passenger vehicle segment de-grew by (-)2.5% compared to July 2023, posting a sales of about 3.42 lakh units. Three Wheelers posted a growth of 5.1% compared to July last year, with sales of 0.59 Lakh units in July 2024, which is close to the peak of 2018-19. Two- Wheeler segment also posted a decent growth of 12.5% in July 2024 as compared to July 2023, with sales of 14.42 Lakh units”.

Domestic sales :Monthly