Category Archives: Business

Business – Lifestyle Magazine THEWOOMAG Launches Print Edition: 25 Unstoppable Women Achievers Felicitated

Gurgaon, Haryana, India  THEWOOMAG.com, a career-business-lifestyle digital magazine for women launched the first print edition on 4th May at The Unstoppable Women Summit & Awards, 2024. Speaking at the event, Himanshi Lydia Singh, Founder of THEWOOMAG, said, “It gives me immense pleasure to see my digital magazine in physical form. It is a proud moment for us to celebrate this milestone by recognizing these 25 women super achievers.” “After a highly successful decade of digital presence, our mission is to have a deeper positive impact in women’s lives. The launch of the print edition is a natural extension of our efforts towards this mission. Over the past 10 years, we have flowered into a credible media brand and a beautiful, and highly engaged community. We are deeply honored to present our first Unstoppable award to these 25 incredible and unstoppable women.”

We are immensely grateful to have the support of luminaries like Mr. Rajiv Tewari, Founder – of Media Network, (Ex-The Indian Express), Mr. Qazi M. Raquib, Creative Director at National Herald, Mr. Salil Bose, Director-Research-Sage Publications, Ms. Puneeta Roy, Youth Activist & Filmmaker, Ms. Nina Benjamin, Sr. Director-WNS, Mr. Manish Kumar, PR Professionals, Mr. Sanjeeva Shivesh, Think StartUp, Mr. Vijay Guglani, The Explore, Madhavi Advani, Luxury Consultant and many more.

“The Unstoppable Women Summit & Awards has been a huge success,” says Himanshi. “We received the support of several partner brands like – Food Foria, Habibs, Kontent Craft, and the Gurgaon Community Circle.” The event was attended by 100 entrepreneurs and leaders from business, media, and corporations who cheered the unveiling of the first limited print edition of the magazine – The Unstoppables – a special feature showcasing 25 women achievers and awarding them with golden Unstoppable Trophies. The day was filled with entertainment, as well as powerful speaker sessions, stirring talks, and engaging panel discussions.

THEWOOMAG.com is a new-age media platform for women that aims to inspire and help them grow holistically through focused content on career, business and entrepreneurship, leadership, wellness and lifestyle integral to a woman’s life.

TVS Motor Records Highest Ever Revenue and Profit in FY 2023-24

Chennai, Tamil Nadu, India  TVS Motor Company’s revenue from operations in the quarter ended March 2024 grew by 24% at Rs. 8,169 Crores against Rs. 6,605 Crores in the quarter ended March 2023.

Operating EBITDA for the quarter under review is higher at 11.3% as against 10.3% during the fourth quarter of last year. The Company posted the highest-ever Operating EBITDA of Rs. 926 Crores for the fourth quarter with a growth of 36% as against Rs. 680 Crores in the fourth quarter of 2022-23. The Company’s Profit Before Tax (PBT) grew by 23% at Rs. 672 Crores in the fourth quarter of 2023-24 as against Rs. 547 Crores in the fourth quarter of 2022-23, PBT for the current quarter includes fair valuation loss of Rs.47 crores as against a gain of Rs. 62 crores during the fourth quarter of last year.

During the financial year 2023-24, revenue from operations grew by 20% at Rs. 31,776 Crores as against Rs. 26,378 Crores recorded in 2022-23.

Operating EBITDA for the year improved by 100bps at 11.1% over the last year. The PBT for the year ended March 2024 grew by 39% at Rs. 2,781 Crores as compared to Rs. 2,003 Crores reported during the previous year. PAT for the year ended March 2024 is at Rs. 2,083 Crores as compared to Rs. 1,491 Crores reported during the year ended March 2023.

Sales Q4 2023-24

The overall two-wheeler and three-wheeler sales including exports grew by 22% at 10.63 Lakh units in the quarter ended March 2024 as against 8.68 Lakh units registered in the quarter ended March 2023. Motorcycle sales for the quarter ended March 2024 grew by 32% registering 5.11 Lakh units as against 3.89 Lakh units in quarter March 2023. Scooter sales for the quarter ended March 2024 grew by 16% registering 3.96 Lakh units as against 3.40 Lakh units in the fourth quarter of 2022-2023. Electric vehicles grew by 15% registering sales of 0.49 Lakh units in the quarter ended March 2024 as against 0.43 Lakh units during the quarter ended March 2023. Three-wheeler sales for the quarter under review grew by 4% registering 0.30 Lakh units as against 0.29 Lakh units in the fourth quarter of 2022-23.

Sales FY 2023-24
The Company achieved record sales of over 4 Million units in a financial year. During the year ended March 2024, the overall two and and three-wheeler sales of TVS Motor Company, grew by 14% at 41.91 Lakh units as against 36.82 Lakh units in the year 2022-23. Motorcycles sales during the fiscal year grew by 15% recording 19.90 Lakh units as against 17.33 Lakh unit in the year ended March 2023. Scooter sales during the fiscal year grew by 18% at 15.70 Lakh units as against 13.34 Lakh units in the year ended March 2023. Electric vehicles grew by 101% registering sales of 1.94 Lakh units in the year 2023-24 as against 0.97 Lakh units during 2022-23. Cumulatively TVS Motor has more than three lakh delighted EV customers. Three-wheeler sales for the fiscal year is at 1.46 Lakh units in the year ended March 2024 as against 1.69 Lakh units in the year ended March 2023.

OTTplay Shines on the Global Stage, Wins Big at INMA Global Media Awards 2024

New Delhi, Delhi, India HT Labs-backed OTTplay has scored big at the esteemed INMA Global Media Awards 2024, reaffirming its position in the digital media landscape. OTTplay has won Gold (first place) in the Best Product Iteration category and Silver (second place) in the category for Best Use of an Event to Build a News Brand.

OTTplay’s pioneering effort in product iteration was duly recognized as it managed to beat Germany’s WeltN24 (“Revitalizing the Welt Community”) and Chile’s La Tercera (“The Match Project”) for the top spot. OTTplay’s evolution from a recommendation platform to a OTT aggregator that solves the problem of maintaining multiple subscriptions while offering a unified platform to discover and consume content from across OTTs was recognized as a novel and innovative solution. This is a validation for OTTplay’s commitment to drive consistent innovation and raise the bar for the digital industry.

OTTplay Awards, the brand’s IP that recognizes the best movies, shows, actors and makers across the country helped OTTplay win the Silver for Best Use of an Event to Build a News Brand. The first-of-its-kind, OTTplay Awards, which turns three this year, truly celebrates the One Nation One Award philosophy allowing content across all Indian regional languages to compete for ultimate glory. This activation effort stems from the brand’s belief that great content is language agnostic and OTTplay Awards provides a democratic playing field where movies, shows, and makers from all regional industries compete for top honors. This win underscores OTTplay’s strategic acumen in establishing a brand that’s determined to build audience engagement through personalizing content discovery and by elevating content based on merit alone.

“To be recognized on a prestigious and global platform like INMA is a great honor and we’re humbled to receive these awards,” said Avinash Mudaliar, CEO, and Co-founder of OTTplay.

He further emphasized that this recognition is a clear testament to the sharp focus, unwavering dedication, and innovative spirit of the entire team. “This strengthens our dedication to leaving a mark on the digital media scene and discovering inventive approaches to delight our users,” Mudaliar added.

FNP Unveils Mother’s Day Collection: Elevate Your Gifting Game with Thoughtful Gifts for Mom

New Delhi, Delhi, India  FNP (Ferns N Petals), India’s most preferred gifting platform, has unveiled its Mother’s Day collection that invites you to celebrate the unparalleled bond with your mother through an exquisite array of personalized and curated gifts.

The collection is a tribute to the multifaceted nature of mothers, encompassing a diverse range of offerings including bespoke flower bouquets, delectable cakes, lush plants, artisan chocolates, and much more. What sets this collection apart is its focus on personalized gifting options tailored to various personas – from the culinary genius to the nature enthusiast, the corporate achiever to the art connoisseur.

Pawan Gadia, Global CEO & Director at FNP expressed his enthusiasm about the collection, stating, “Mother’s Day is a momentous celebration that calls for nothing but the finest expressions of love and appreciation. Our curation of gifts at FNP embodies our dedication to ensuring every mother feels cherished. With unique personalized and customisable options, we will assist everyone in finding the ideal gesture to convey heartfelt love and admiration to their mothers.”

The Mother’s Day collection by FNP is designed to cater to a global audience, leveraging its robust service network to ensure hassle-free delivery across India and worldwide. Whether you’re near or far, FNP enables you to express your love and appreciation for your mother with a carefully selected gift from its exclusive range.

Tally Solutions Unveils the Fourth Edition of ‘MSME Honours’ to Celebrate Entrepreneurial Excellence

Bangalore, Karnataka, India  Tally Solutions, a leader in the software products industry, delivering business management solutions for small and medium businesses (SMBs) for over three decades, announced the fourth edition of their flagship annual property ‘MSME Honours’. After three years of consequent success, MSME Honours continues to focus on celebrating emerging entrepreneurs who have made remarkable contributions in the MSME ecosystem across geographies.

The nominations will be open for all businesses with an annual turnover of less than INR 250 crores and a valid GSTIN number. The entries can be submitted by interested businesses or people who know such businesses via this link: Tally Salutes Small & Medium Businesses | International MSME Day 2024 (tallysolutions.com) by May 31st.

Over the last three editions ‘MSME Honours’ received around 8,000 nominations across 100 cities, of which nearly 1000 entries were from women-led ventures. The fourth edition is likely to expect around 10,000 nominations by MSME owners and the winners will be felicitated on the occasion of International MSME Day celebrated on June 27th, 2024. In addition to India, the initiative will also invite participation from other regions like the United Arab Emirates, the Kingdom of Saudi Arabia, Bangladesh, Nepal, and Kenya. The categories of MSME Honours 2024 include:

• Wonder Women: Recognizing women who have overcome challenges to establish thriving businesses, and inspiring others in the process.
• Business Maestro: Celebrating seasoned professionals whose expertise and resilience serve as guiding beacons for aspiring entrepreneurs, laying the groundwork for enduring success.
• NewGen Icon: Highlighting startups as dynamic leaders in the business landscape, pioneering fresh solutions to age-old challenges and carving out new paths for growth.
• Tech Transformer: Honoring businesses at the forefront of technological advancement, leveraging digital tools to drive efficiency and effectiveness in their operations.
• Champion of Cause: Acknowledging champions who prioritize the global well-being of MSMEs, making significant contributions towards fostering a more sustainable and inclusive business environment.

Speaking on this initiative, Ms. Jayati Singh, Chief Marketing Officer, Tally Solutions, said, “We are thrilled to announce the launch of the fourth edition of ‘MSME Honours’ and aim to bring forth remarkable MSME stories, irrespective of size, geography, or business type. Over the years, we have taken several efforts to augment the MSME economy. This initiative is our humble endeavour to celebrate the relentless efforts and contributions of these businesses, spotlighting their stories of innovation and growth at a hyper-local level and share their stories as an inspiration for others. We have felicitated close to 400 winners across all editions in India, UAE, KSA, Bangladesh, Nepal, Indonesia and west Africa and we are optimistic of a greater participation this year as well.”

Understanding the Core Principles of Multi-asset Allocation Funds

Pune, Maharashtra, India  Multi-asset allocation funds are hybrid mutual funds that have gained popularity among investors seeking diversified portfolios that can potentially provide steady returns while managing risk. These funds allocate investments across various asset classes like stocks, bonds, and alternative assets. Understanding the core principles of these funds is essential for investors looking to incorporate them into their investment strategy.

Diversification: Multi-asset allocation funds follow the principle of diversification, spreading investments across different asset classes. By diversifying, these funds aim to reduce the impact of volatility in any single asset class on the overall portfolio. For instance, when stocks decline, bonds or other assets may perform better, helping to cushion the impact on the portfolio’s value.

Risk management: Managing risk is a fundamental aspect of multi-asset allocation funds. These funds aim to balance risk and return by allocating investments across assets with varying risk profiles. For example, while stocks may offer higher potential returns, they also carry higher volatility. Bonds, on the other hand, typically offer lower returns but provide stability to the portfolio. By diversifying across these assets, multi-asset allocation funds seek to manage overall portfolio risk.

Asset allocation strategies: Multi-asset allocation funds employ different asset allocation strategies based on their investment objectives and risk tolerance. Some funds may follow a strategic asset allocation approach, maintaining a predetermined allocation to each asset class over time. Others may use tactical asset allocation, adjusting allocations based on market conditions and economic outlook. Dynamic asset allocation funds go a step further, actively shifting allocations in response to changing market dynamics.

Rebalancing: Regular rebalancing is a key principle of multi-asset allocation funds. As asset classes perform differently over time, the portfolio’s allocation may drift from its target. Rebalancing involves periodically realigning the portfolio back to its target allocation by buying or selling assets. This ensures that the portfolio maintains its desired risk-return profile and remains aligned with the investor’s objectives.

Investment flexibility: Multi-asset allocation funds offer flexibility in selecting investments across various asset classes and geographies. This flexibility allows fund managers to adapt to changing market conditions and exploit opportunities across different markets. By diversifying globally, these funds can tap into growth opportunities in different regions while mitigating risks associated with specific countries or regions.

Long-term focus: Multi-asset allocation funds are designed with a long-term investment horizon in mind. While short-term market fluctuations may occur, these funds aim to deliver returns over the long term. Investors should maintain a disciplined approach and avoid making knee-jerk reactions to short-term market movements. Instead, focusing on long-term goals and staying invested can help capture the benefits of multi-asset allocation over time. Investors can consider starting a SIP in a multi-asset allocation fund. They can make use of an SIP calculator to align their investments with their financial goals.

In conclusion, multi-asset allocation funds offer investors a diversified approach to investing, aiming to provide steady returns while managing risk. By understanding the core principles of these funds, investors can make informed decisions about incorporating them into their investment strategy. Diversification, risk management, asset allocation strategies, rebalancing, investment flexibility, and maintaining a long-term focus are key principles that highlight the effectiveness of multi-asset allocation funds.

Data Ingenious Global Limited Marks 25 Years of Innovation and Excellence

Jaipur, Rajasthan, India  Data Ingenious Global Limited, formerly Data Infosys, has completed a remarkable 25-year journey in the innovation and technology sector. Since its inception in 1999, Data Ingenious has emerged as a pioneer in IT services in India, starting as an Internet Service Provider (ISP) in Rajasthan and evolving into a global leader in software development. Data Ingenious has consistently set new standards throughout its journey and reshaped industry paradigms.

Embracing change is crucial for any organization’s growth and success. By recognizing the need for improvement and actively seeking ways to make things better, Data Ingenious demonstrates a commitment to innovation and evolution. The company’s journey of evolution begins with its early accomplishments. They hold the distinction of introducing Rajasthan’s first Wi-Fi hotspots, online portals, bus and national park booking systems, cinema ticket booking solutions, e-wallets, and anti-spam email functionalities.

The company has revolutionized the technology sector by consistently delivering innovative solutions for communication needs. It has continuously innovated and developed Made in India products like Enterprise Email Platform, XgenPlus, SpamJadoo, PrivateGPT (AI for organizations), VideoMeet, and many others. These products are designed to simplify communication workflows and enhance overall productivity, empowering businesses to reach new heights in today’s digital landscape.

Data Ingenious is at the forefront of AI research with the introduction of PrivateGPT, a personalized AI solution for businesses. It is a custom-built Generative Pre-trained Transformer model that allows businesses to train AI models using their own specific data, empowering them to leverage the power of AI for their organizational needs. This on-premise solution ensures the security of sensitive data while allowing customization to suit individual business requirements.

Today, Data Ingenious stands as a leading IT solutions provider in India, offering a comprehensive range of services beyond communication solutions, including mobile app development, AI solutions, blockchain development, web development, and enterprise mobility solutions. This solidifies their position as a tech powerhouse with expertise in artificial intelligence, machine learning, big data, augmented reality, chatbots, and IoT.

Mr. Ajay Data, Founder and CEO of Data Ingenious Global Limited, expressed, “As Data Ingenious Global Limited proudly commemorates its 25 years of groundbreaking innovation and technological excellence, we reflect on our journey from pioneers in IT services to global leaders in software development. Our commitment to embracing change, setting new standards, and reshaping industry paradigms has been unwavering. With a legacy of introducing pioneering solutions and a relentless pursuit of innovation, we continue to revolutionize the IT sector and shape a brighter technological future for businesses worldwide.”

Data Ingenious is profoundly committed to revolutionizing the IT sector and building a brighter technological future for businesses and communities worldwide. The company is actively engaged in exploring new technologies such as artificial intelligence, machine learning, and blockchain.

Data Ingenious maintains an unwavering commitment to excellence by prioritizing next-generation research to provide cutting-edge solutions to its clients. The company does not rest on its past achievements; rather, it sees its 25-year legacy of innovation as a foundation upon which to build an even brighter future.

From Dream to Reality, Group 108 Completes 1 year of Awe-Inspiring Journey of Creating Value and Making a Significant Impact

Noida, Uttar Pradesh, India As we celebrate the first anniversary of Group 108, we reflect on a year marked by significant achievements and the steady growth of our project portfolio. This special occasion is highlighted with the introduction of “SPECTACLE 108 Edition One”, a testament to our year of excellence and the promising future that lies ahead.

Our journey began ambitiously with our flagship project, GRANDTHUM, which not only laid the foundation stone of our enterprise but also corroborated our identity in the real estate landscape. Over the past year, Grandthum has transitioned from its initial phases to nearing completion, having recently applied for a part Completion Certificate (CC) of the project. This progress underscores our commitment to timely and quality delivery.

“ONE FNG”, our exquisitely launched IT/ITES project in Oct’23 on the Noida-Greater Noida Expressway, emerges as a paragon of architectural sophistication and commercial allure. Offering an array of premium office and retail spaces, this development epitomizes the pinnacle of luxury and efficiency. Crafted with meticulous attention to detail, “ONE FNG” redefines the essence of upscale commercial environment, providing a foundation for businesses to flourish amidst unparalleled elegance. The construction is progressing rapidly, with the ground floor nearing completion in Tower B and the commencement of excavation in Tower A. Additionally, structure of the largest retail block, F5, is expected to be completed by July 2024, promising to be a cornerstone of retail and commercial activity in the region.

Looking forward, Group 108 is committed to continuing with the vision of elevating the standards of sustainable development and architectural innovation. Our future projects would embody these values, driving growth and setting new benchmarks in the real estate sector.

In celebration of our achievements, we are pleased to introduce an exclusive Payment Plan which is valid till 13th May 2024 for project One FNG, offering a 50:50 payment option for office spaces. This initiative is designed to facilitate our clients in securing their spaces with financial ease, allowing them to pay half at the time of booking and the balance upon reaching the superstructure phase.

Dr. Amish Bhutani, Managing Director, remarks, “As we contemplate our accomplishments over the previous year, we approach the future with renewed zeal for the emerging opportunities within the real estate sector. Our commitment is resolutely centered on executing projects that surpass the contemporary demands of commercial infrastructure.”

Reflecting on the one-year anniversary, Mr. Sanchit Bhutani, Managing Director of Group 108, remarked, “The conclusion of our inaugural year stands as a profound affirmation of our dedication to excellence and steadfast commitment to our clientele. As we commemorate this significant milestone, we eagerly anticipate perpetuating our trajectory of success and providing outstanding developments in real estate.”

The Crucial Role of Network Integration in Large Enterprises according to Netrack

Bengaluru, Karnataka, India We are living in an era where technology and innovation forms a key part of our existence. Here, the IT business landscape is evolving rapidly with large enterprises relying more and more upon robust network integration solutions. The objective of such agile solutions is to streamline operations and drive growth. Hence, Netrack, a leading provider of networking solutions, stresses upon the importance of seamless network integration in ensuring the sustainability of an organization and making it agile and future-ready.

As organizations grow and expand their operations to different locations, complex network infrastructures consisting of servers, storage systems, switches, and security appliances become a problem to monitor and manage. Separate network setup across different locations with options for data transfer in a secured way is a humongous task. Since these infrastructures are interdependent hence, their operation and security protocols are also interlinked.

Netrack recognizes that effective network integration is the need of the hour for large enterprises to optimize their operational performance, to enhance scalability, and minimize downtime. In fact, network integration is the key factor to enable organizations with seamless communication and collaboration across geographical boundaries. However, it is also important to understand the challenges associated with such network integration to manage it more efficiently.

The benefits of network integration led enterprises to embrace it. It ensures enhanced connectivity to facilitate seamless communication and data exchange between different departments, branches, and remote locations, fostering collaboration and productivity. Again, its scalability features support growth of the company and an assurance to empower organizations with flexibility.

Netrack supports such network integration also because it’s a consolidated setup with robust security protocols to mitigate any risk of data breach and cyber threats. This enhances the security features of safeguarding sensitive information and maintenance of regulatory compliance. Finally, by streamlining the network integration process, one can optimize the utilization of resources and reduce the operational costs of the company. This will directly impact on the return on investment over the years, making the whole set-up cost-efficient.

As a part of the network integration solution, Netrack offers scientifically designed rack enclosures to host the overall network setup. These scalable enclosures enhance the robustness of the setup ensuring seamless integration and optimal performance of the servers and network equipment. Also, Netrack’s cable management solutions play a crucial role in the process of network integration. Network cable management enhances the airflow efficiency and prevent thermal damage making the integration successful.

Meta description
Netrack’s cable management solutions are a part of network cable management process that helps to setup agile network integration for large enterprises.

Sony India Launches Large Aperture Wide-angle Zoom G Lens™ FE 16-25mm F2.8 G

New Delhi, Delhi, India Sony India is pleased to announce the latest addition to its full-frame α™ (Alpha™) E-mount lens line-up. FE 16-25mm F2.8 G is a large-aperture wide-angle zoom lens that maintains an F2.8 maximum aperture over the entire zoom range from 16 mm to 25 mm, combining supreme image quality with excellent portability due to its compact and lightweight design.

This new lens offers high-resolution performance, beautiful bokeh, and high-speed, high-precision, quiet, fast-tracking AF (autofocus). Weighing an impressively light 409 g, it is highly portable so you can easily enjoy everyday shooting that emphasizes the sense of perspective that can only be achieved with a wide-angle lens. It benefits from the same filter diameter, operability, and roughly the same size and weight as the “FE 24-50mm F2.8 G” announced in April 2024, easy to use when shooting hand-held or when combined with a gimbal. The FE 16-25mm F2.8 G expands the range of photographic and video expression for creators in a variety of scenes such as astrophotography, landscapes, architecture, portraits, general snapshots, and selfies.

Key features of FE 16-25mm F2.8 G

• Compact and lightweight design with the latest optical and mechanical design.
• Filter diameter φ67 mm, maximum diameter 74.8 mm, length 91.4 mm, weight approximately 409 g.
• By effectively arranging three ED (Extra-low Dispersion) glasses and four aspherical lenses, including one ED aspherical lens, various aberrations such as chromatic aberration are reduced, and high-resolution performance is achieved from the centre of the screen to the corner.
• The 11-blade circular aperture and optimisation of spherical aberration provide the beautiful bokeh that is the hallmark of Sony G lenses.
• High close-up shooting capability with a minimum shooting distance of 0.18 m and a maximum magnification of 0.20x .
• Equipped with two linear motors, it enables high-speed, high-precision, high-tracking, and quiet focusing even on fast-moving subjects. It also supports high-speed continuous shooting with AF/AE tracking of up to approximately 120 frames per second for the α9 III full-frame mirrorless camera. Smooth tracking even when shooting 4K120p/FHD240p high frame rate videos that require precise focusing.
• The adoption of linear response MF during manual focus allows for smooth and high-quality image expression.
• Reducing the focus breathing allows high-quality movie expression.
• Compatible with the α series camera’s image stabilization “Active Mode,” achieving high image stabilisation effects.
• High operability, including a focus hold button, aperture ring, aperture click ON/OFF switch, and focus mode switch.
• Designed to be dust and moisture-proof with a fluorine coating that prevents dirt from sticking to the front surface of the lens.

Pricing and Availability
FE 16-25mm F2.8 G Lens is available across all Sony Centers, Alpha Flagship stores, Sony authorized dealers, ecommerce websites (Amazon and Flipkart) and major electronic stores across India.