Author: Rabindra

Reliance General Insurance Unveils a Flexible Approach to Car Insurance with its New Product Reliance Limit Sure Pay As You Drive

Mumbai, 26th October 2023: Reliance General Insurance Company Limited (RGICL), India’s leading general insurance company has unveiled ‘Reliance Limit Sure – Pay As You Drive’, a flexible approach to car insurance coverage that truly values customers’ needs and consumption habits. This innovative offering will empower customers, and give them complete control over their vehicle expenses, allowing them to tailor the policy to their specific needs. Whether someone has a car that runs less or is driven infrequently, this policy is designed to accommodate their unique requirements.

‘Reliance Limit Sure – Pay As You Drive’ offers comprehensive coverage just as a traditional car insurance policy, giving complete third party and Own Damage coverage, where customers can pick their desired kilometer slab, beginning at 2,500 kilometers and adjustable in 1,000-kilometer increments. And if customers find themselves short on kilometers, one can easily top up the kilometers anytime during the policy year. Furthermore, the product extends the Third-Party coverage to include protection against Fire and Theft even after the opted kilometres plan is exhausted. What makes this policy truly exceptional is the ability to roll over any unused kilometers to the following policy year for a discount on renewal, ensuring the customer gets value for every kilometer they save. This flexibility is particularly advantageous for the individuals with multiple vehicles, addressing their specific needs and ensuring cost efficiency.

Mr. Rakesh Jain, CEO, Reliance General Insurance Company Limited emphasized the significance of this product, stating, “Here at Reliance General Insurance, we have engineered ‘Reliance Limit Sure Pay As You Drive’ as a new-age product that meets the latent demand of protecting underused vehicles in the market. Our dedication to innovation excellence shines through in this usage-based product, providing policyholders with the ultimate freedom to pay just as much as they need to. It’s definitely a game-changer, reshaping the way car insurance adapts in to dynamic needs.”

Warehouse by Mudita’s Mumbai Festive Edit arrives in Grandeur

Mumbai, October, 2023 – Get ready to immerse yourself in the world of high fashion as Warehouse by Mudita proudly announces the Mumbai Festive Edit, a hallmark event in the fashion industry. This lavish affair is poised to enchant fashion enthusiasts on the 27th of October at the prestigious NSCI Palace Halls in Mumbai. The Warehouse Fashion Exhibition Sale promises a remarkable shopping experience, offering fashion connoisseurs a unique opportunity to acquire exquisite creations from India’s top designers at unbeatable discounts.

Warehouse by Mudita, renowned for its innovative approach to outlet shopping, influenced by international outlet malls, continues to redefine Mumbai’s fashion scene. At the Warehouse Fashion Exhibition Sale, visitors will have the exclusive privilege to explore and obtain stunning collections from an impressive lineup of designers, including Tarun Tahiliani, Shantanu & Nikhil, Rohit Bal, Papa Don’t Preach by Shubhika, Gulabo by Abu Sandeep, Masaba, Rohit Gandhi + Rahul Khanna, Payal Singhal, Devnaagri, Anushree Reddy, Aneesh Agarwaal, Ritu Kumar, Ridhi Mehra, Gauri & Nainika, SVA by Sonam & Paras Modi, Nupur Kanoi, and many more. Each piece is thoughtfully curated to embody the designer’s unique style, creating a fusion of opulence and affordability.

Mudita Jaipuria, the visionary Founder of Warehouse by Mudita, passionately shares, “Mumbai, a city known for its discerning taste in high fashion, deserves nothing less than the extraordinary. The Warehouse Mumbai Festive Edit is a testament to our unwavering commitment to this vibrant metropolis, offering its fashion enthusiasts the chance to revel in the essence of luxury without the prohibitive price tag.”

The Festive Edit offers an exclusive Warehouse Hour from 10:00 AM to 11:00 AM, providing early access to the most discerning fashion enthusiasts. Following this, the general sale hours are from 11:00 AM to 7:00 PM, allowing visitors throughout the day to explore and indulge in the finest designer collections. It’s a day-long opportunity for everyone to discover the essence of high fashion at incredible discounts.

Sona BLW Precision Forgings Ltd. announces Q4 FY23 Results

Gurugram, India, October 26, 2023: Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading mobility technology company providing mission-critical systems and components for electrified and non-electrified powertrain segments, today announced its financial results for the quarter and half year ended September 30, 2023.

Key Financial Highlights – Q2 FY24
· Revenue of Rs. 791 crores with 20% YoY growth

· Revenue share from Battery Electric Vehicles (BEV) at 27%, BEV revenue growth of 58% YoY

· EBITDA of Rs. 223 crores with a margin of 28.2% and 35% YoY growth

· PAT of Rs. 124 crores with a net profit margin of 15.7% and 34% YoY growth

· Adjusted PAT (before exceptional expenses) grew 39% YoY to Rs. 128 crores with a margin of 16.2%

· EV programs contribute 78% to the net order book* of Rs. 22,100 crores as of September 30, 2023

Key Financial Highlights – H1 FY24
· Revenue of Rs. 1,523 crores with 22% YoY growth

· Revenue share from Battery Electric Vehicles (BEV) at 27%, BEV revenue growth of 33% YoY

· EBITDA of Rs. 427 crores with an EBITDA margin of 28.0% and 38% YoY growth

· PAT of Rs. 236 crores with a net profit margin of 15.5% and 40% YoY growth

· Adjusted PAT (before exceptional expenses) grew 44% YoY to Rs. 242 crores with a margin of 15.9%

Management Comment
Mr Vivek Vikram Singh, MD & Group CEO, commented: “We have made a significant change to our vision statement, widening our ambit to the broader mobility landscape from automotive. This expanded ambition will guide all our strategic choices hereon, beginning first with our product and technology roadmap. We have revamped our product and technology roadmap to reflect our plans to develop products for a mobility future that is EPIC – Electric, Personalised, Intelligent and Connected. We have added seven new products to our roadmap across our three business divisions. In terms of financials, we achieved our highest revenue, EBITDA and net profit. BEV revenue grew 58% y-o-y to Rs 207 crores, representing 27% of total revenue. EBITDA margin improved by 300 bps y-o-y to 28.2%, driving EBITDA growth of 35% and PAT growth of 34%. We continue to progress on all our key strategic priorities. With two new BEV program wins, our net order book grew to Rs. 221bn, of which EVs contribute 78%. Last quarter, we won a new program to supply the rotor-embed differential sub-assemblies from a North American new-age OEM of high-end electric cars. In addition, we won a new program to supply traction motors for electric three-wheelers from one of the largest Indian OEMs.”

Operational Highlights – Q2 FY24 and H1 FY24
Key Developments:
· A North American New Age OEM of electric cars has awarded the company a program to supply Rotor embedded differential sub-assemblies for their high-performance electric car. This program has added Rs 170 crores to our order book, and production will likely commence in Q2 FY25.

· The company has received an order from an Indian OEM of PVs, CVs, OHVs and EVs to supply mid- drive traction motors for their upcoming electric three-wheelers. This program has added Rs 370 crores to our order book. The production is likely to commence in Q3 FY25.

Electrification:
· BEV Revenue Share: Revenue from Battery EV grew 33% YoY Rs. 391 crores in H1 FY24 and contributed 27% of total revenue.

· EV programs: we added six new programs and two new customers in H1 FY24. The number of awarded programs increased to 48 across 28 different customers.

Other development:
· On September 4, 2023, Sona Comstar completed the acquisition of a 54% equity stake in NOVELIC, a leading provider of mmWave radar sensors, perception solutions and full-stack embedded systems. With this acquisition, the company has added a third pillar of growth in “Sensors and Software”. NOVELIC is vertically integrated across the value chain from machine learning and perception software to hardware and chip design; its partners include global automotive OEMs, autonomous vehicle makers, Tier-1s and chip manufacturers.

Consumer Tech Brand ACwO and India’s Football Team Captain Sunil Chhetri Join Forces

October 25, 2023; Mumbai India: India is playing and winning in every sector, whether it is development, economy, sports, or space; India is on a different level in every field. Now betting big on India’s digital and overall growth, especially among Gen Z and young adults, Sunil Chhetri, Captain of the Indian Football Team, now teams-up with a new audio brand ACwO. Launched as a proud Made In India brand, ACwO aims to empower and elevate consumers’ lifestyle, powered by innovative technology. Honouring Sunil Chhetri’s iconic number 11 jersey, ACwO is gearing up to introduce an extraordinary lineup of 11 TWS earbuds, each boasting more than 11 remarkable features including environmental noise cancellation, equaliser modes, lag free movie experience, gaming ready with ultra-low latency, long battery life, backed up by ReALmAh technology, snug fit, and more. These earbuds have been designed to resonate with the dedication and spirit of Sunil Chhetri, making this range truly iconic as Number 11. Supporting the launch, and featuring Chhetri, AcwO’s maiden brand film showcases its core vision, ‘Ab India Khelega’.

Making its presence felt, Sunil Chhetri’s support and the resounding proclamation of ‘Ab India Khelega’ underlines his belief in the potential of Indian originality, positioning ACwO as a significant milestone in his journey as a proud brand ambassador of both India’s growth and innovation. Together, ACwO and Sunil Chhetri are set to rewrite the narrative of ‘Ab India Khelega’ promising a brighter and technologically advanced future for consumer’s lifestyle.

Launched as a D2C brand, ACwO stands for creative brilliance and aims to reshape the smart gadgets and accessories landscape while contributing to India’s GDP. With a wide range of TWS products, ACwO aims to target and enhance every consumer’s lifestyle. With the strategic launch in the midst of the festive season, ACwO will also roll out a cross-media campaign to create awareness of the brand, and its offering, by leveraging Sunil Chettri’s popularity and fan base.

Speaking on the launch, the Captain of the National Football Team, said, “It’s always nice to be associated with a brand that is proudly made in, and for India. ACwO is doing some fantastic things on the tech and lifestyle front and through this association, I am keen to see and be a part of all that comes out from the ACwO stables.”

With a focus on innovation and quality, ACwO envisions India as a global hub of creative-tech excellence. Going forward, ACwO is committed to introducing various gadgets with a total focus on enhancing the overall lifestyle of consumers.

ZEE5 celebrates creating yourself, one story at a time

India, 26th October 2023: ZEE5, one of India’s largest home-grown video streaming platforms, today unveiled its content brand manifesto through a thought-provoking film that reflects the underlying change in the mindset of today’s viewers. As opposed to a linear quest for a singular goalpost of ‘settling down’, the film captures and celebrates the fluidity with which people have begun to make life choices; unravelling new dimensions within themselves and exploring uncharted territories as they journey through life.

The campaign film, ‘Roz Kuch Naya Bante Raho’ uses the device of a sculptor to showcase this philosophy. In the course of the film, we see him mould, shape, chisel and recreate a piece of art using different materials, styles and textures. We see him create an array of busts which are inherently the same, yet strikingly different. This visually powerful metaphor represents the multiplicity within each of us and the constant evolution of a work-in-progress generation. Viewers are urged to embrace this fluidity through inspiring lines like “Behte Raho, Aakaar Lete Raho, Roz Kuch Naya Bante Raho”. The film ends with a poignant question – “Aaj Kya Banoge?”

The visual metaphor is further enhanced by actor Manoj Bajpayee’s evocative narration. His delivery adds character to the film as he truly embodies the spirit of multiplicity. From being a theatre actor to taking on diverse film roles that explore his sheer range as an artiste and now his latest turn as a producer, he has transcended the confines of familiarity and pushed the boundaries of creative expression. Strengthening the connect with the artist further, the film opens with the manifesto line penned in Manoj’s very own handwriting.

Manoj Bajpayee said, “As a platform that has its finger on the pulse of the viewer, ZEE5 is sending out a very relevant and critical message through its new content brand manifesto. At a time when people don’t want to be bound by labels and wish to stay unfinished rather than settling down, ZEE5 endeavours to tell stories that will serve as a springboard to its viewers’ aspirations, fuelling their path of self-discovery. As an artiste, the diverse roles I’ve had the opportunity to play have helped me explore the different facets of my personality. As someone who has been a part of some of the platform’s finest content, I was more than pleased to be the voice that delivers such a pertinent message.”

Manish Kalra, Chief Business Officer – ZEE5 India said, “We, at ZEE5, believe that our customers are our key priority and all our teams focus on delivering to meet their expectations. Be it storytelling, technology or business initiatives, they must stem from a profound understanding of our consumers’ lives, their desires, need-states and beliefs. Our content brand manifesto will serve us as a compass that guides the brand’s journey over the years, aligning all stakeholders, content partners to craft an experience that truly resonates with our audience.”

Kartik Mahadev, Chief Marketing Officer – Content SBU, ZEE said, “Today’s youth are seekers, explorers; a work-in-progress generation. As believers and cheerleaders of this new mindset, ZEE5, through its content, invites everyone to explore the countless dimensions and versions of themselves; to keep creating themselves, one story at a time. From immersive dramas to documentaries, from comedies to thrillers, from India and around the world, ZEE5’s rich and varied range of offerings have the potential to unlock, inspire and shape ideas, dreams, beliefs, possibilities and behaviour.”

Tinder Matchmaker Introduces the Ultimate Way for Potential Matches to Pass the Friend Test

Bengaluru 26th Oct 2023 : Hosting a dating life debrief with friends is a time-honored tradition, so much so that over 75% of surveyed singles said they discuss their dating life with friends multiple times a month.1 To assist today’s singles and their dating deliberators in deeming if someone is worthy of a Like, Tinder, the world’s most popular dating app for meeting new people, is launching Tinder MatchmakerTM. The new feature lets friends and family asynchronously access Tinder to recommend profiles for a user.

The feature makes modern dating a team sport by essentially integrating the “friend test” into Tinder. Users can now invite others, whether they have a Tinder profile or not, to view and suggest potential matches. It gives Tinder users the added intel of seeing who their friends Like for them when considering a potential match but, just like in real life, the user ultimately decides who they want to send a Like to.

In fact, according to a survey by Tinder, GenZ across India are no stranger to letting their friends swipe on dating apps on their behalf.

● Over a third (37%) have swiped for a friend, and close to a third (28%) have had their friends swipe for them

● 41% young singles in India said they have been on a dating app with a friend looking through profiles together

● More than half (54%) admit to having asked their friend for their advice on profile pictures and bios for dating apps.

“For years, singles have asked their friends to help find their next match on Tinder, and now we’re making that so easy with Tinder Matchmaker,” says Melissa Hobley, Chief Marketing Officer at Tinder. “Tinder Matchmaker brings your circle of trust into your dating journey and helps you see the possibilities you might be overlooking from the perspective of those closest to you.”

Here’s How Tinder Matchmaker Works:

● A Tinder Matchmaker session can be started directly from a profile card, or within app settings. Users can share their unique link with up to 15 friends in a 24 hour period.

● After following the link, the matchmaker can either log in to Tinder or continue as a guest (after completing an age verification prompt and agreeing to Tinder’s terms as outlined).

● Matchmakers have 24 hours to play cupid before the session expires, where they can recommend profiles for the Tinder user but won’t be able to chat or send messages on their behalf.

● Once the session expires, Tinder users will have the opportunity to review the profiles their matchmakers’ Like for them. Profiles that received a Like from a matchmaker will be marked as a “recommendation” (profiles sent a Nope won’t change).

● The Tinder user still makes the final call on who to Like – but now knows who their friends are rooting for.

Tinder Matchmaker is available now in the United States, Australia, Brazil, Canada, France, Germany, India, Indonesia, Japan, Mexico, South Korea, Spain, Thailand, United Kingdom, and Vietnam, and will be rolling out to Tinder users globally in the coming months.

BERGNER India Sets a New Culinary Standard in India with MasterPRO by BERGNER Upgrades

Mumbai, 26th October 2023 – BERGNER, a globally acclaimed leader in homeware and kitchenware, is proud to introduce the latest enhancements to its cherished MasterPRO by BERGNER collection in India. This innovative lineup features cutting-edge appliances, including the Dual Air Fryer, Air Fryer Oven, and Fry Cook, setting a new standard in culinary excellence.

Air cooking is a culinary game-changer that offers a contemporary and exciting approach to meal preparation. By harnessing the power of hot air circulation, air cooking significantly reduces cooking time, minimizes oil usage, and retains the authentic flavors of your favorite foods. This not only makes cooking more efficient but also promotes healthier eating habits, making it a must-have addition to any modern kitchen.

These state-of-the-art air cooking appliances launched by BERGNER, offer an unprecedented level of culinary versatility. They come with an array of preset cooking functions and customizable modes; allowing you to enjoy your favorite dishes in a healthier and more convenient way.

The Dual Air Fryer, with PowerDuo technology, allows simultaneous cooking of two different foods using various methods. It offers preset cooking options and 11 programs for beginners, along with temperature control, overheat protection, and a glass window with interior lighting for easy cooking.

The Air Fryer Oven simplifies cooking with its 10-in-1 preset function and 12-liter capacity. It comes with accessories like a rotisserie fork, oil drip tray, and rotisserie skewer set, making it suitable for large gatherings or families.

The Fry Cook combines air frying, baking, roasting, pressure cooking, slow cooking, and steaming in one appliance. BERGNER’s Speed Sense technology speeds up cooking by 70%, and it has a 12-level safety system for worry-free cooking.

Cygnet Ushers in a New Era as Cygnet Digital, Powered by Innovative Framework: Cygnet COSMOS

Mumbai, October 26, 2023 – Cygnet, a leading provider of enterprise transformation and IP-based solutions for smarter compliance and finance transformation, announces a significant transformation into Cygnet Digital, as a part of the Cygnet Infotech family. To drive this rebranding and maintain a single-minded focus, Cygnet Digital unveils the innovative framework, Cygnet COSMOS. This dynamic, customer-first ecosystem champions co-ideation, co-creation, and co-innovation.

Niraj Hutheesing, Founder and MD of Cygnet Digital, states, “The digital landscape is evolving rapidly, and our commitment is to ensure that Cygnetians, customers, communities, and partners remain at the forefront of this digital revolution. Our new identity strengthens our dedication to ‘Living the Trust,’ with every service, solution, and offering singularly focused on pushing boundaries within this innovative framework.”

Cygnet Digital is redefining its go-to-market strategy while maintaining its leadership in tax and finance transformations, digital engineering, quality engineering, enterprise applications, data analytics, AI, hyper-automation, and digital commerce and experience. The new framework places the customer at the forefront and provides AI-driven, industry-specific use cases to deliver profitable outcomes.

Cygnet Digital’s goal is to make technology more accessible by collaborating with businesses to co-innovate. Their Cygnet Cosmos framework aims to identify problem statements and turn them into proof of concept, and then proceed with implementation and scaling. The framework streamlines processes, data intelligence, and experiences, making it possible for businesses to explore new revenue models through emerging technologies.

Narasimha Murthy, Chief Business and Operations Officer, Cygnet Digital further emphasized, “As pioneers in Enterprise, Tax, and Finance Transformations, Cygnet Digital is not merely riding the digital wave but striving to shape it. Our aspirations go beyond offering tax, finance, and digital transformation services. We embody an ambitious vision: achieving 4X growth and delivering best-in-class customer-centricity while expanding the Cygnet family internationally.”

Cygnet is committed to offer YOU-centric digital services, streamlined tax solutions, and finance empowerment. With this evolution, every Cygnetian will have a singular focus on ‘Living the Trust,’ dedicated to turning the clients’ and partners’ digital dreams into reality. With expertise in Digital Engineering, Quality, Enterprise Apps, Data, AI, and Digital Commerce, Cygnet will continue to amplify client success.