11, Oct 2023
Pacific Group Expands Footprint in Delhi-NCR with largest mall in Faridabad
National, 11 October – Pacific Group, a renowned name in the retail industry, is thrilled to announce the grand opening of “The Mall of Faridabad”, entering the Faridabad market for the first time. As the largest shopping destination in Faridabad, this mall promises to redefine the shopping experience and elevate it to new heights, with a prolific retail portfolio, as well as multiple F&B and entertainment options. Covering an expansive 4 Lac sq. ft. of retail space, “The Mall of Faridabad” boasts a staggering 91 entrances, offering unparalleled convenience to shoppers. With 87 diverse outlets, this shopping haven is set to become the ultimate destination.
Abhishek Bansal, Executive Director of Pacific Group, expressed his excitement, stating, “We are proud to introduce ‘The Mall of Faridabad,’ which is a testament to our commitment to offering top-notch retail experiences. Faridabad is an upcoming part of the Delhi-NCR region with an evolving consumer profile. With a wide array of renowned brands and a focus on convenience, this mall is set to become a go-to destination for shoppers in Faridabad.”
Some of the leading brands that have found their home at “The Mall of Faridabad” include Lifestyle, Homecentre, Deerika Hypermarket, Max, Zudio, and Da Milano. These esteemed brands, alongside many others, will provide an exceptional shopping experience for visitors. Brands like GAP, Nykaa Luxe, and Apple are being brought to Faridabad for the very first time at the mall. The F&B portfolio boasts well-known names like Café Delhi Heights, United Coffee House, and Punjab Grill among others. It is also distinguished with a multiplex and a food court for the ultimate destination and shopping experience. Timezone, an entertainment centre for families, will be the first of its kind in Faridabad.
With an upcoming project in Dehradun, the Pacific Group also has significant new launches planned.
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- By Rabindra
11, Oct 2023
Honeywell to Realign Portfolio to Three Powerful Megatrends: Automation, Future of Aviation, and Energy Transition
Mumbai, October 11, 2023 – Honeywell (NASDAQ: HON) today announced plans to realign its business segments to three compelling megatrends: automation, the future of aviation, and energy transition. This shift within the company’s segments will enable Honeywell to deliver accelerated organic sales growth and inorganic capital deployment, creating greater value for shareholders. The new segmentation will take effect beginning first quarter 2024.
“We are committed to delivering differentiated, profitable growth,” said Honeywell Chief Executive Officer Vimal Kapur. “After a complete review of our portfolio, we plan to organize our businesses around three powerful megatrends, each of which is underpinned by our robust digitalization capabilities and solutions. This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook, leverage our financial strength, and unlock greater value through our Accelerator operating system.
“As we enter the next phase of transformation, this realignment will enable us to consistently deliver our upgraded financial algorithm, drive innovation that will help solve the world’s toughest sustainability and digitalization challenges, and deploy capital more effectively.”
Aligning Our Segments with Three Compelling Megatrends
The updated reporting structure will include four segments, underpinned by the company’s world-class Accelerator operating system and Honeywell Connected Enterprise integrated software platform, enabling Honeywell to better serve its customers and positioning us to outperform in any environment.
• Aerospace Technologies (AT): Used in virtually every commercial and defense aircraft platform worldwide, Honeywell aerospace products will continue to lead the future of air travel, including driving advanced air mobility and greater sustainability with the electrification of aircraft.
• Industrial Automation (IA): With a deep history in industrial automation that spans more than five decades, Honeywell enables process industry operations, creates world-class sensor technologies, automates supply chains, makes warehouses smarter, and improves worker safety. This combination will build on our core strengths in controls and automation technologies, deliver better commercial outcomes for our customers, and enhance our growth.
• Building Automation (BA): Through hardware, software, sensors, and analytics, Honeywell helps customers convert buildings into integrated, safe, and more sustainable assets. With solutions and services used in more than 10 million buildings worldwide, Building Automation will continue to strengthen Honeywell’s position in attractive end markets like hospitals, airports, education, and data centers.
• Energy and Sustainability Solutions (ESS): With a decades-long focus on sustainability, Honeywell enables the energy evolution, improves resiliency and efficiency, reduces emissions, and facilitates the circular economy. Honeywell’s expertise in this area will continue helping solve the world’s toughest challenges across our end markets.
New Leaders Appointed for New Business Groups
Effective January 1, 2024, Lucian Boldea will serve as president and CEO of the Industrial Automation segment, and Ken West will serve as president and CEO of the Energy and Sustainability Solutions segment. Both Boldea and West will report to Kapur and serve as company officers.
Billal Hammoud will remain President and CEO of the renamed Building Automation segment, and Jim Currier will remain President and CEO of the renamed Aerospace Technologies segment. Kevin Dehoff will remain President and CEO of Honeywell Connected Enterprise.
“Our strategic business group leaders are well-positioned to lead Honeywell in both organic and inorganic growth,” Kapur noted. “They have demonstrated a deep understanding of our customers and end markets and are capable of delivering strong results across our industries. Their combined experience and drive to create value for customers and shareowners position Honeywell well for the future.”
Third Quarter and Full Year Update
Honeywell anticipates strong third-quarter results in line with previously issued guidance ranges for sales and segment margin, led by strong results in its Aerospace and Performance Materials and Technologies business groups. Earnings per share are expected to be within or above the previously issued guidance range, and full-year results are expected to be within the previously-issued guidance range. The company will hold its quarterly earnings announcement on Thursday, October 26, at 8:30 a.m. EDT.
11, Oct 2023
Large & Midcap category can drive stability and growth to your portfolio
Bangalore, October 11, 2023: Today’s investor has various Mutual Fund (MF) schemes in which he or she can invest in. The decision to invest in any MF scheme is based usually on the risk profile and on the individual’s financial goals.
SEBI has made several categorizations of equity mutual funds for the benefit of the investors for e.g. Large cap category, Mid-cap category, Small-cap category etc. Large & mid-cap category is fast emerging as a preferred option for those long term investors who want to grow their capital at steady pace albeit conservatively i.e. with stability.
What is a Large & mid-cap Category?
A Large & mid-cap category invests in both the large cap stocks and the mid-cap stocks. The top 250 stocks by market capitalization will be considered under this category for investment purpose. As per the mandate the fund manager is required to invest minimum 35% each in large cap and midcaps.
Why Invest in the Large & mid-cap category?
According to Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, “Tata Large & Mid Cap Fund aims at proactively taking advantage of Potential Capital appreciation opportunities arising from large and midcap segment of the market. Positioned as a ‘stock picker’s delight’, the large & midcap fund undertakes rigorous research to identify opportunities in equity markets. The opportunities could be found in turnaround companies or in companies where the fundamentals are improving etc.
It invests in large and midcap stocks wherever the fund manager spots an opportunity. It is hence very actively managed and dynamic in nature, although stock picking is based on a sound bottom-up approach using Growth at Reasonable Price (GARP) investment philosophy. The GARP approach allows us to bet on high quality shares and at the same time ensures that the quality shares are bought at reasonable price. This approach seeks to combine the best facets of growth and value investing to select individual stocks. The whole idea while adopting GARP investment philosophy is to identify companies that are expected to deliver above-average revenue and earnings growth that are trading at a reasonable valuation.”
Benefits of investing in Large & Mid-cap category:
· Diversification: The riskiness or volatility may be reduced when you have your investments spread out in large caps and midcaps. This kind of diversification helps the fund manager to deliver higher risk adjusted returns over a long term.
· Stability: With their reliable financials and established presence large cap stocks may bring stability in the portfolio.
· Growth Potential: Mid cap stocks are usually high growth stocks and may offer higher potential returns.
11, Oct 2023
WION announces Mission Sustainability – A pioneering initiative for a sustainable tomorrow
In an interconnected world where challenges are shared, resources are pooled, and wisdom is collective, the journey towards a greener tomorrow through collaborative actions at every level has begun. WION, India’s first and only global news platform, has joined forces with the drivers of change to chart a roadmap for a sustainable and responsible economy, announcing the launch of the ‘Mission Sustainability – No Action, Not An Option!’ initiative. This on-ground event is scheduled to take place on Wednesday, 11th October 2023, in New Delhi, and aims to galvanize global efforts towards a greener future.
WION’s Mission Sustainability will feature strategic conversations with key industry leaders focusing on critical topics such as ‘Sustainable Development Goals (SDGs) and their implementation,’ ‘New-age solutions for a sustainable tomorrow,’ and ‘Corporate Sustainability and Responsible Business Practices – Adopting Inclusive Action’. Additionally, attendees will also witness insightful fireside chats on ‘Sustainable Mobility’ and ‘Sustainability Warriors – the harbingers of change with notable speakers such as Kavinder Khurana, Managing Director of Tesla Power USA; Akash Gupta, Co-founder & CEO, Zypp Electric and moderated by Ankit Awasthi, Head – New Mobility Practice, Automotive Industry Consulting Group, NRI Consulting & Solutions and Swami Prem Parivartan (Peepal Baba) – an Environmentalist & Founder of GiveMe Trees, respectively.
The upcoming Mission Sustainability Conclave is poised to be a landmark event, bringing together thought leaders, policymakers, industry associations, innovation hubs, and climate activists to chart a course towards a sustainable future. It also aims to create awareness and inspire action for the realization of the UN’s Sustainable Development Goals (SDGs).
Speaking about the relevance of Mission Sustainability, Madhu Soman, Chief Business Officer, WION, said “At WION, we recognize that the path to sustainability requires collective effort. WION’s Mission Sustainability is more than an event; it’s a movement. We are empowering individuals, corporations, and the government to present actionable solutions embrace sustainable practices, and work together towards a common goal – a sustainable and responsible future.”
The conclave will be live-streamed from 6 PM onwards across WION’s digital and social platforms, and the highlights will be aired on the WION channel in the subsequent week. WION is the most subscribed news channel on YouTube with nearly 8 Million subscribers.
11, Oct 2023
AMD to Acquire Open-Source AI Software Expert Nod.ai
SANTA CLARA, Calif. — [October 11, 2023] — AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Nod.ai to expand the company’s open AI software capabilities. The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct™ data center accelerators, Ryzen™ AI processors, EPYC™ processors, Versal™ SoCs and Radeon™ GPUs to AMD. The agreement strongly aligns with the AMD AI growth strategy centered on an open software ecosystem that lowers the barriers of entry for customers through developer tools, libraries, and models.
“The acquisition of Nod.ai is expected to significantly enhance our ability to provide AI customers with open software that allows them to easily deploy highly performant AI models tuned for AMD hardware,” said Vamsi Boppana, senior vice president, Artificial Intelligence Group at AMD. “The addition of the talented Nod.ai team accelerates our ability to advance open-source compiler technology and enable portable, high-performance AI solutions across the AMD product portfolio. Nod.ai’s technologies are already widely deployed in the cloud, at the edge, and across a broad range of endpoint devices today.”
“At Nod.ai, we are a team of engineers focused on problem-solving — quickly – and moving at pace in an industry of constant change to develop solutions for the next set of problems,” said Anush Elangovan, co-founder and CEO, of Nod.ai. “Our journey as a company has cemented our role as the primary maintainer and major contributor to some of the world’s most important AI repositories, including SHARK, Torch-MLIR and OpenXLA/IREE code generation technology.
By joining forces with AMD, we will bring this expertise to a broader range of customers on a global scale.”
Nod.ai delivers optimized AI solutions to top hyperscalers, enterprises and startups. The compiler-based automation software capabilities of Nod.ai’s SHARK software reduce the need for manual optimization and the time required to deploy highly performant AI models to run across a broad portfolio of data center, edge and client platforms powered by AMD CDNA™, XDNA™, RDNA™ and “Zen” architectures.
11, Oct 2023
Costa Coffee Continues to Brew Success; Celebrates the opening of its 150th Store in New Delhi
National, October 11, 2023: Costa Coffee, Coca-Cola’s leading coffee brand in the commercial beverage categories in India, is thrilled to announce the opening of its 150th store in India, in Rajouri Garden, New Delhi. This achievement is a testament to Costa Coffee’s unwavering commitment to expanding its presence and delivering exceptional coffee experiences to enthusiasts across the nation.
Costa Coffee entered the Indian market in 2005 opening its inaugural café in Connaught Place, New Delhi, the beginning of its journey in India. Last year, in collaboration with Devyani International, Costa Coffee embarked on a significant expansion journey in India, adding approximately 60 stores. Building on this momentum, Costa Coffee aims to strengthen its presence in both existing markets and new cities across the country, with an ongoing goal to open new stores across the top 8-10 Indian cities. Tapping into specialized channels at airports, highways, and healthcare remains a priority.
India’s coffee industry is experiencing a captivating shift towards specialty coffee and premiumization, notably among urban millennials who have turned coffee shops into lively communal hubs. This transformation is particularly striking in a country known for its tea culture. Costa Coffee is at the forefront of this evolution, aligning with changing consumer preferences and fostering this dynamic coffee culture.
The 150th Costa Coffee store reflects Costa Coffee’s commitment to serving handcrafted and locally sourced coffee. Designed in line with Costa Coffee’s artistic and innovative design language, the store aims to provide a comfortable and vibrant space for coffee lovers to indulge in their favourite brews.
Vinay Nair, General Manager, India & Emerging Markets, Costa Coffee, expressed his excitement about reaching this significant milestone, saying, “India is a key market for us globally and we are proud to commemorate the opening of our 150th store. This milestone truly highlights the overwhelming love and support we have received from coffee enthusiasts across India. Our aim is to extend our presence to every corner of the nation, and we remain committed to achieving this vision through our continuous expansion efforts, ensuring remarkable coffee experiences for all.”
Costa Coffee’s extensive menu boasts a range of signature coffee offerings, including the beloved Flat White, Classic Corto, Café Caramela, and many more, all carefully handcrafted from locally sourced coffee beans. By collaborating with local farmers and skilled baristas, Costa Coffee ensures that each cup is a testament to the quality and excellence it represents.
11, Oct 2023
IEEMA organises Connect North East
October 11, 2023, Guwahati: The Indian Electrical & Electronics Manufacturers’ Association (IEEMA), the apex association of the Indian electrical equipment manufacturing industry today organized “Connect North East” to foster collaboration and drive innovation for the Electrical Industry in the North East.
IEEMA organized this exclusive Buyer-Seller Meet on 10th October 23 in Guwahati. This pioneering event registered 250+ buyer-seller meetings from industry players and stakeholders from across the North East. Buyers from utilities and non-utilities like oil refineries, irrigation, PWD, smart city, railways, urban infrastructure, EPCs, etc. The event will be a catalyst for transformative partnerships and strategic alliances within the sector.
To tap the unexplored opportunities in East & North East India, senior officials were invited from noteworthy sectors like Utilities, Railways, Defence, Oil and Gas, PWD Depts, Agriculture Dept, Smart City Authority, and other organizations from the entire North East India.
Mr. Devesh Goel, Chairman of Eastern Region, IEEMA inaugurated the event and welcomed this initiative of IEEMA. Mr. Goel remarked that IEEMA is a prominent facilitator of industry networking, “The Buyer-Seller Meet aims to create a dynamic platform where key players from the Electrical Industry, Utilities, and Non-Utilities can engage in meaningful dialogues, explore synergies, and forge mutually beneficial relationships”.
Event Highlights:
Attendees had the unique opportunity to connect with leading professionals, key decision-makers, and potential collaborators from diverse sectors. The event was structured to facilitate meaningful interactions that go beyond traditional boundaries.
Cutting-edge technologies, products, and services from the Electrical Industry, offer the buyers a firsthand look at the latest advancements pertaining to the industry. This provides a fertile ground for stakeholders from Utilities and Non-Utilities to explore solutions that can enhance efficiency and sustainability in their operations and promote the growth of the Indian power sector.
Tailored matchmaking sessions were organized to facilitate one-on-one discussions between potential buyers and sellers. These personalized meetings aimed to spark collaborations and business transactions that align with the unique needs and goals of each participant company.
Focus On North East
IEEMA has been working on several initiatives focused on promoting the electricity and electronics industry in the North East. Connect North East, E3 – Energize Empower East and Bengal Power Conclave are some of the marquee initiatives that have been initiated to help leverage opportunities for the industry and promote growth of the sector in the North East. IEEMA is also launching the 4th edition of E3 – Energize Empower East on 7th – 9th February 2024 to build engagement of the industry and stakeholders to drive development in North East.
11, Oct 2023
Walnuts from Chile new season in India
Mumbai 11,October, 2023: The season of gifting and festivities is almost here and Walnuts from Chile are in India now to be a part of our celebrations! ChileNut, the grower and exporter association of Chilean walnuts with the support of ProChile, the institution of the Ministry of Foreign Affairs that promotes the supply of Chilean goods and services in the world is launched in India to embark the new season of the Chilean Walnuts to Indian consumers.
Chile being in the southern hemisphere, perfectly complements the Indian walnut production period. This counter seasonality allows Indian consumers to try out fresh Chilean products when supplies from other origins are unavailable. Chilean walnut is recognized as being the best in the world, thanks to its extra-light color, freshness and its high yield. Chilean walnuts are being exported to over 70 countries and India is one of our fastest growing markets.
Ms. Marcela Zúñiga Alegría, Trade Commissioner of ProChile, New Delhi said that “Chile has unique natural conditions that allows it to grow very high-quality walnuts that are renowned across the globe. The Andes to the east, the Pacific Ocean to the west, the Atacama Desert in the north and Antarctica in the south provide natural barriers to Chile and guard the orchards from any harm. Indian consumers love the taste of these walnuts that are preferred across the world,” she added.
Speaking on the India campaign, Mr. Sumit Saran, In-Country Marketing Representative for Chilean Walnuts remarked, “We foresee immense potential of Chilean Walnuts in India. The demand here for high quality walnuts is continuously rising. Chile will have an important role as the production of walnuts in Chile is 100% counter seasonal to Indian walnuts and also to other northern hemisphere walnut origins that are supplying to the market. The harvest of Chilean walnuts happens in May-July period and the walnuts are available in India, August onwards, perfectly in time for our festive period. We have chalked out an extensive trade and media strategy to take this clearest and the freshest walnut to discerning Indian consumers across the country. These walnuts are available both with retailers and on e-commerce platforms,” Saran added.
11, Oct 2023
ABP Network announces The Southern Rising Summit
Chennai, 11th October 2023— ABP Network, the leading media and content creation powerhouse, is excited to unveil ‘The Southern Rising’ Summit, a prestigious event dedicated to celebrating the exceptional economic progress, cultural richness, and social harmony exemplified by the southern states of India. The summit is scheduled to take place on October 12, 2023, at The Taj Coromandel, Chennai.
This extraordinary gathering unites five Southern states under a single banner, driven by a shared ambition: to spearhead India’s transformative journey. ‘The Southern Rising’ Summit shines a spotlight on the region’s unparalleled role in shaping today’s India and tomorrow’s global India.
‘The Southern Rising’ Summit will feature a day-long exploration of insightful discussions and distinguished speakers, including prominent figures such as:
· Hon’ble Governor Dr. Tamilisai Soundararajan, Governor of Telangana and Lieutenant Governor of Puducherry
· Dr. P. Thiaga Rajan, Minister of Information Technology & Digital Services, Tamil Nadu
· Udhayanidhi Stalin, Minister for Youth Welfare and Sports Development, Govt of Tamil Nadu
· Rana Daggubati, Actor
· Kushboo Sundar, Actor, Producer, and Politician
· Kavitha Kalvakuntla, Member of Legislative Council and Worker of BRS Party
· K. Annamalai, State President of BJP Tamil Nadu
· Prof. Gopalkrishna Gandhi, Former Governor of West Bengal and Author
· Jothimani Sennimalai, Member of Parliament, Lok Sabha (Congress)
· Ricky Kej, Music Composer and Environmentalist, 3X Grammy Award Winner
· Revathy, Actor, and Director
· Gurcharan Das, Author & Commentator
· Musicians Mahesh Raghvan and Nandini Shankar
· Suhasini Maniratnam, Actor, Director, and Producer
· John Brittas, Member of Parliament (CPIM)
· M V Rajeev Gowda, Vice-Chairperson of State Institute for Transformation of Karnataka and Ex-Member of Parliament, Rajya Sabha
· Digital Content Creators Chaithania Prakash, Ardhra Sajan, and Deepika Venkatachalam amongst other luminaries.
This convergence of sharp intellects, creative minds, and thought leaders promises a day filled with insight, ideas, and inspiration. ‘The Southern Rising’ Summit aims to foster a deep understanding of the remarkable achievements, cultural diversity, and social cohesion that characterize the southern states of India.
It will provide a platform for meaningful conversations about challenges faced by southern India as well as potential solutions for sustainable development. In attendance will be an esteemed assembly, including government officials, renowned industry leaders, influential policymakers, thought leaders of distinction, and eminent personalities who have played pivotal roles in crafting the region’s remarkable growth journey.
ABP Network is excited to host ‘The Southern Rising’ Summit as part of its commitment to promoting regional pride and fostering a sense of unity among Indians from all corners of the country.
11, Oct 2023
Mackly joins forces with Viacom18 Consumer Products to introduce a mighty PAW Patrol kids’ collection
India, 11th October 2023: Mackly, the pioneer in kids’ clothing has once again set a remarkable milestone by launching a stylish and captivating ‘PAW Patrol’ collection of kids’ wear, in an exclusive collaboration with Viacom18 Consumer Products, the merchandising arm of one of the biggest Indian media conglomerates. This strategic move underscores Mackly’s commitment to offering a unique fusion of comfort and style while prioritizing essential factors like comprehending children’s daily habits and nurturing their personal growth.
In this groundbreaking move, Mackly has not only introduced innerwear but also an extensive range of kids’ clothing that is set to revolutionize the way children dress and experience comfort. By incorporating the lovable PAW Patrol characters into their clothing line, the brand aims to make getting dressed an exciting adventure for kids. This collection encompasses a diverse array of garments, spanning from innerwear to everyday casuals, and is designed to be entirely unisex, allowing children of all genders to express their distinct personalities while embracing their favorite animated heroes.
Highlighting the collaboration, Ms. Sharmila Srikumar, Founder of Mackly, commented, “We are thrilled to introduce a wide range of kids’ wear in collaboration with PAW Patrol, offering parents a one-stop solution for stylish and comfortable clothing for their kids. Our collaboration with PAW Patrol is not just about clothing; it’s about nurturing a unique and fun approach to children’s well-being, where comfort, style, and personal growth go hand in hand. With this exciting collection, Mackly is paving the way for parents to provide their children with clothing that fosters self-confidence, creativity, and an active, positive lifestyle. Just like the PAW Patrol heroes who embark on a mission to safeguard the world, our brand is on a mission to provide children with comfort through their clothing choices.”
Sachin Puntambekar, Business Head of Consumer Products, Viacom18, added, “We, at Viacom18 Consumer Products, are committed to engage with consumers in novel ways. We’re delighted to bring this new collection with Mackly to the fans of PAW Patrol, who like to wear their fandom on their sleeves. This is a great collaboration in the expansion of the footprint, of this much-loved animated series franchise.”
Through this mighty collection, children can embrace the heroic attributes of their beloved PAW Patrol characters, encouraging their creativity and problem-solving abilities. This integration of play into their daily clothing choices adds an extra dimension to their growth journey, reinforcing the idea that learning and development can be both enjoyable and fashionable. Each piece in the PAW Patrol collection is thoughtfully designed to align seamlessly with children’s growth and development. The fabrics used are not only soft and comfortable but also durable, allowing kids to explore, play, and learn with confidence. The designs are vibrant and age-appropriate, fostering a sense of fun and positivity in children’s daily routines.
As Mackly leads the way in India with this innovative collaboration, parents can now discover a comprehensive range of unisex kids’ clothing that combines the mighty style, comfort, and magic of PAW Patrol on their website. It’s the pawfect collection for theme parties, birthday celebrations, and everyday adventures for kids.
