17, May 2024
Honda Motorcycle & Scooter India’s 125cc motorcycles set a new record in East India
17 May 2024: Honda Motorcycle and Scooter India (HMSI), a leading manufacturer of two-wheelers in the country, today proudly announced the accomplishment of yet another milestone. Consistently setting new benchmarks, Honda’s 125cc motorcycles, Shine 125 and SP125, have crossed over 30 lakh customers in Eastern India. This achievement solidifies HMSI’s position as a dominant player in the 125cc motorcycle segment in the vibrant east India.
Speaking on this remarkable feat, Mr. Yogesh Mathur, Director, Sales & Marketing, Honda Motorcycle & Scooter India, said, “We are thrilled to celebrate the significant milestone of 30 lakh sales for the Shine 125 and SP125 in East India. At HMSI, we are incredibly proud of our 125cc motorcycles’ enduring success story in the fiercely competitive segment. They have truly become the trusted companion for Indian families. We thank our valued customers for their trust and are committed to continuously exceeding customer expectations by offering best-in-class products.”
Delighting customers with quality products & network in Eastern India
Leading from the front, HMSI dominates the 125cc motorcycle segment in East India, which includes the states of Bihar, Jharkhand, West Bengal, Odisha & North-East India, with a market share of 41.5 percent in FY’24. Playing a pivotal role in this remarkable achievement, Bihar is the highest contributing state for HMSI with 35% contribution to 125cc motorcycle sales in the Eastern region.
Delighting customers with advanced features, stylish design, and superior technology, the Shine 125 and SP125 are preferred choice of customers in the 125cc segment. Also, thanks to rapid urbanization and customers becoming tech-savvy, the sales of SP125 have more than doubled in the last 5 years in the region. Further amplifying the customer’s trust in the brand is Honda’s superior sales & service network. HMSI has over 1,100 touchpoints in the Eastern states of India.
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- By Rabindra
17, May 2024
Rohan Builders: 14 Years of CRISIL DA2+ Grading Stability
Pune, 17th May 2024: Real estate developer Rohan Builders, announced that it continues to maintain its prestigious DA2+ Developer Grading from CRISIL for the 14th consecutive year, placing it among the select few developers in India to accomplish this remarkable achievement. CRISIL Developer Grading not only considers financial parameters, but also evaluates operational parameters including management capabilities, timely delivery and sales & collections.
“At Rohan Builders, our vision extends far beyond the present. We are not just constructing buildings; we are laying the foundation for an organization that is built to last for decades to come. To achieve this, we have developed a robust risk management framework that has held us in good stead even in challenging economic periods such as the 2008 financial crisis, demonetization in 2016 and the COVID-19 pandemic. The stringent conditions to earn the CRISIL Grading require strong corporate governance, project management and execution capability, along with financial prudence. This further helps in ultimately delivering a great product to our customers in time and with quality,” said Suhas Lunkad, Chairman & Managing Director, Rohan Builders.
Rohan Builders’ real estate vertical has completed over 65 projects measuring over 15 million sq.ft. across Pune and Bengaluru. It has 7 ongoing projects measuring about 6 million sq.ft. under construction and 4 projects in the pipeline all of which are expected to get launched by Q2 of this year.
The residential real estate markets of Pune and Bengaluru, in which Rohan Builders operates, have been robust in terms of new launches and sales over the past few quarters. The latest real estate research report shows inventory levels at 8 and 7 months respectively in both these cities, the lowest in the past decade, indicating robust demand. The company expects this momentum to continue at least for the next 3-4 quarters.
Binaifer Jehani, Business Head, MI&A Assessments, CRISIL, said “The grading indicates that the developer has a ‘Very Good’ ability to execute real estate projects of specified quality within the stipulated time and to transfer a clean title. The real estate sector needs a distinct improvement in transparency to sustain the trust of buyers. Also, selecting the best property from among the host of projects that have RERA approval continues to be a challenge for customers. Objective benchmarking and third-party evaluations, along with self-regulation by developers, can address both these issues. This is where CRISIL’s Developer Grading comes in, providing a reliable benchmark for evaluating developers’ credentials. The CRISIL grading reflects operational and financial excellence, offering reassurance to stakeholders.”
17, May 2024
Acer Debuts Acerpure Brand in India with Diverse Consumer Electronics Range
Bengaluru, 17 May 2024: Acer Group, a global leader in IT and technology solutions, announced its entrance into the consumer electronics market with the launch of Acerpure brand in India at a glittering launch event in Bengaluru. Acerpure India is poised to transform the industry by offering an array of innovative and cutting-edge consumer electronics and home appliances tailored to the unique requirements of Indian consumers. The launch event was graced by Mr. Andrew Hou, President of Pan-Asia Pacific Operations at Acer Group; Mr. Harish Kohli, President & Managing Director of Acer India, Sudhir Goel, Chief Business Officer, Acer India; Stanley Kao, President, Acerpure Inc.; Vasudeva. G, Director, Acerpure India, and Sunil Vachani Co-founder and Executive Chairman from Dixon Technologies.
Acerpure India introduces a comprehensive array of consumer appliance products, each meticulously designed to elevate everyday living. From the captivating allure of ‘pure vision’ embodied in our state-of-the-art TVs to the rejuvenating ‘pure breath’ offered by their cutting-edge Acerpure Cool Air Purifiers, while Acerpure Amrit Water Purifiers promise not just hydration, but the assurance of ‘pure water’, while the advanced Acerpure Cozy Air Circulator Fans and the pristine cleanliness achieved by their Acerpure Clean Vacuum Cleaners evoke sensations of ‘pure comfort’ and ‘pure feel’. Acerpure India’s innovative lineup epitomizes a new standard in consumer appliances for the discerning Indian market.
At the launch event, Acerpure unveiled its flagship product, Acerpure TV, featuring state-of-the-art technology and an immersive viewing experience. Launched in 4 sizes 32, 43, 55, and 65 inch, Acerpure TVs boast enhanced contrast, deeper blacks, and dazzling brightness, ensuring every scene comes to life with breathtaking clarity and vibrancy. Boasting outstanding sound clarity with Dolby Atmos, a thin bezel design, multiple connectivity options, and a powerful processor. With a future roadmap including OLED TV, Mini LED TV, Gaming TV, and more Acerpure TV series is set to bring a new dimension to the Smart TV market in India.
Additionally, Acerpure showcased a diverse range of consumer electronics products, including Air Circulator Fans, Water Purifiers, Hand-held Vacuum Cleaners, two robotic Vacuum Cleaners, Hair Dryer, and Hair Styler, highlighting its commitment to providing comprehensive solutions for modern living. Looking ahead, Acerpure India plans to diversify its offerings, introducing a range of products including, refrigerators, Air Conditioners, Washing Machines, and more.
Another highlight of the event is an announcement on a Make-In-India partnership between Acerpure and Dixon Technologies, the leading Indian electronics manufacturer, wherein Dixon will undertake the manufacturing of Acerpure products in its facilities starting with state-of-the-art TVs. This development marks a significant stride in India’s pursuit of self-reliance and global competitiveness in the electronics domain, aligning with the “Make in India” initiative. This strategic partnership is poised to uphold unwavering quality standards while substantially bolstering India’s economic advancement. Leveraging local manufacturing capabilities, this collaboration is not only set to empower local talent but also catalyze technological innovation and foster job creation.
Commenting on Acerpure’s launch in the Indian market Andrew Hou, President of Pan-Asia Pacific Operations at Acer Group., said, “We are excited to launch Acerpure in India. The Indian market holds immense potential for Acerpure’s growth and innovation. With our focus on technological excellence and sustainability, we are well-positioned to meet the evolving needs of Indian consumers. As we venture into this new market, our dedication to innovation remains unwavering. Acerpure represents more than just a product launch; it signifies the dawn of a new era in home appliances and consumer electronics with a key focus on Make-In-India.”
Harish Kohli, President, & Managing Director of Acer India, expressed his enthusiasm about the launch, “As we embark on this transformative journey with Acerpure’s debut in India, we are exhilarated by the opportunity to contribute to the nation’s burgeoning consumer electronics market. This milestone signifies our unwavering dedication to innovation and our heartfelt commitment to the vibrant Indian consumer electronics landscape. Through this collaboration with Dixon Technologies, we are poised to usher in a wave of locally manufactured products, aligning seamlessly with the Make in India initiative. This partnership embodies our shared vision of fostering economic growth and technological advancement within the nation. Together, we look forward to crafting cutting-edge solutions that resonate with the diverse needs and aspirations of Indian consumers, empowering them to embrace a brighter, technologically enriched future.”
Sunil Vachani, Co-founder and Executive Chairman of Dixon Technologies, expressed, “Through our enduring partnership with Acer, we have consistently upheld the values of local manufacturing and innovation. The introduction of Acerpure and our expanded collaborative efforts represent a significant stride towards enhancing India’s self-sufficiency and global competitiveness in the electronics sector. Aligned with the ‘Make in India’ initiative, our goal is to manufacture premium consumer products for both domestic and international markets, thereby stimulating economic growth and fostering innovation while nurturing local talent. This partnership underscores our unwavering commitment to delivering high-quality, Made in India products, marking a notable milestone in our relentless pursuit of excellence.”
As Acerpure embarks on its journey in India, the company remains committed to driving positive change and delivering innovative solutions that enrich the lives of consumers while preserving the planet for future generations.
17, May 2024
HomeFirst Finance has crossed the milestone
Mumbai, May 17, 2024: Home First Finance Company, a leading housing finance company in India, is pleased to share that it has crossed the milestone of Assets Under Management (AUM) of ₹10,000 Crore.
Over 14 years, Home First Finance Company has dedicated itself to empowering individuals and families to realize their dream of owning a home. The company’s customer-centric approach has been pivotal in attaining a robust growth trajectory leading to this achievement!
“We are immensely proud to reach this significant milestone of ₹10,000 Crore AUM,” said Manoj Viswanathan, CEO of Home First Finance Company. “This accomplishment is a testament to our team’s hard work, dedication, and innovative spirit. It reflects our unwavering commitment to making homeownership more accessible to millions of Indians. We believe, this is just the beginning for us, and we will continue to strive towards excellence, ensuring that our customers receive the best possible home financing solutions and services.”
17, May 2024
CleverTap’s 2024 Report: Brands with High AI Adoption Witness 4x Conversion Boost
San Francisco, Calif, & Mumbai, India, May 17, 2024 – CleverTap, the all-in- one engagement platform, released its market research report on “The AI Edge in Customer Engagement”. The report sheds light on how AI is the next frontier in the customer engagement domain and how brands can implement AI for the right use cases and gain maturity in AI adoption to drive a boost in conversion and growth in business value.
The research conducted by CleverTap highlights insights from analyzing 42 global brands, running campaigns for millions of customers across more than 50 countries. The research participants included a broad spectrum of professionals, from technical specialists in AI to marketing strategists, including profiles like VPs, CMOs, Data Science leads, Product Managers, and Marketers.
The research study serves as a guide for brands navigating the implementation of AI. Brands at the initial stages of AI adoption should aim to progress towards more advanced levels. This will involve brands needing to shift from using AI for operational efficiency to leveraging it for personalization, experimentation, and ultimately, strategic planning and decision-making.
CleverTap has found that in the customer engagement domain:
54% respondents achieved faster content generation and campaign rollout with AI 82% of respondents have experienced increased operational efficiency with AI by streamlining workflows and automating content generation
64% of respondents have used AI to build personalized experiences and content resonating with individual preferences at scale with real-time experimentation for optimal engagement
39% of respondents leveraged AI for automated decision-making and taking more informed decisions by analyzing large volumes of data, predicting outcomes and strategizing for the next best action
In terms of adoption of AI by teams within a brand:
71.4% of respondents highlight that AI capabilities are most extensively utilized by content teams, underscoring the pivotal role AI plays in content generation
Followed by growth marketing teams at 57.1% indicating a robust application of AI in strategizing and expanding marketing efforts. Central marketing and product teams also integrate AI into their operations, although to a lesser extent
CleverTap found that brands today miss out on 4x higher conversions and improved business value due to inefficient AI adoption. CleverTap also assessed the impact of adoption of Clever.AI, CleverTap’s AI engine in brands by classifying these into three levels based on their AI-driven use cases in customer engagement.
The research study categorizes brands based on the value they have realized through three distinct levels of AI adoption. These classifications are determined by their use of Clever.AI’s capabilities in driving operational efficiency, enhancing personalization and experimentation at scale, and automating decision-making.
In Level 1, 89% respondents observed operational efficiency as the primary benefit when utilizing Clever.AI’s capabilities
In Level 2, 90% of respondents observed scalability of personalization and experimentation as their top gain from Clever.AI’s capabilities
In Level 3, around 67% of participants in this category selected AI-automated decision making as their foremost benefit from integrating Clever.AI
The report further looked at the impact of AI on conversion rates and on business value. For more information, download the report here.
Commenting on the report, Jacob Joseph, VP – Data Science, CleverTap, said, “AI is the catalyst reshaping every facet of today’s brands – from optimizing operations and enriching customer engagement to revolutionizing decision-making. The insights highlighted in our 2024 market research report offers a great strategic approach for brands at the initial stages of AI adoption should aim to progress gaining maturity and achieve significant improvements in conversion rates and business value. After all, AI in customer engagement or in a tech stack is no longer just an enhancement, but a necessity for a competitive advantage while addressing evolving customer expectations.”
17, May 2024
AD Ports Group Explores Multi-Purpose Port Development in Chittagong, Bangladesh
Abu Dhabi, UAE , 17 May 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry, signed a MoU with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh.
The MoU was signed in presence of H.E. Abdulla AlHmoudi, UAE Ambassador, Head of the UAE Mission to Bangladesh and Mr. Khalid Mahmud Chowdhury, MP, Honourable Minister of State, Mr. Md. Mostafa Kamal, Senior Secretary, Ministry of Shipping – Government of the People’s Republic of Bangladesh, by Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority and Ahmed Al Mutawa, Regional CEO, AD Ports Group.
Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority, said: “The Multi-Purpose Port in Chittagong is a priority for the Government of Bangladesh. It will be a game changer for the regional economy in general and Bangladesh economy in particular. We are pleased to collaborate with AD Ports Group on the development of this vital project, leveraging their expertise and capabilities as a global trade and logistics player. We hope that this MoU will pave the way for further cooperation that will attract more foreign direct investments to Bangladesh.”
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We are excited to explore the development and operation of the Multi-Purpose Port and other ancillary opportunities in Chittagong, the main seaport of Bangladesh, and look forward to leveraging our experience and capabilities to assist our partners in addressing increased trade volumes in one of the fastest growing economies in South-East Asia, guided by the vision of our wise leadership.”
It’s pertinent to note that over 90% of Bangladesh’s international trade is conducted through the ports of Chittagong, furthermore Bangladesh’s seaports are an integral part of the multimodal network that links the republic to the hinterland, in addition to providing sea access for the landlocked Himalayan countries Nepal, Bhutan and India’s Northeast region.
Both nations have celebrated 50 years of bilateral ties earlier in March this year, with ongoing talks to ink a Comprehensive Economic Partnership (CEPA) aimed towards enhancing economic cooperation and opening new avenues for trade and investment, the MoU signed between AD Ports Group and the Chittagong Port Authority is aligned with the aforementioned efforts.
The UAE is considered Bangladesh’s second-largest remittance source, a leading trading partner with a significant base of investment for Bangladesh, the volume of non-oil trade exchanges between the two countries exceeds USD 2 billion.
17, May 2024
LogRhythm and Exabeam Merge Forces to Pioneer AI-Driven Security Operations
BROOMFIELD, Colo. and FOSTER CITY, Calif. May 15, 2024: LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, and Exabeam, a global cybersecurity leader that delivers AI-driven security operations, today announced that the companies have entered into a merger agreement. The combined company will leverage the complementary strengths from each organization to take AI-driven security operations to new heights.
“Together our expertise and shared strategic vision will accelerate innovative AI-driven cybersecurity solutions for customers around the world,” said Chris O’Malley, CEO of LogRhythm. “With more than twenty years of best-in-class SIEM and UEBA experience in serving thousands of worldwide customers, we are poised to create a new employee- inspired organization that encapsulates the absolute best of what we both offer. Vigilant CISOs have eagerly awaited the emergence of a strong, customer-obsessed, singularly- focused global leader in AI-driven security operations—one that offers a best-of-breed alternative to the frustratingly complex options on the market today. That day has arrived.”
Customers will benefit from enhanced R&D investments and product innovation, greater service and support coverage and access to a larger AI-driven product portfolio, including cloud-native and on-premises options.
“As a combined organization, we will continue to push the envelope of security operations innovation with solutions that bring AI, automation, SIEM, security analytics, and UEBA together to deliver a holistic approach to combating cyberthreats,” said Adam Geller, CEO, Exabeam. “With AI and cloud as driving forces that can’t be ignored in the market, we look forward to collectively addressing the needs of our joint prospects and customers to further enhance their cybersecurity TDIR capabilities. We are proud to be named a Leader in the 2024 Gartner® Magic QuadrantTM for SIEM for the fifth straight time and to offer all that is now possible in terms of efficacy, value, speed, and scale.”
The merger is expected to close in the third quarter of 2024 and is subject to regulatory approvals and customary closing conditions. J.P. Morgan Securities LLC acted as exclusive financial advisor and Goodwin Procter LLP acted as legal advisor to Exabeam on the transaction. Kirkland & Ellis LLP acted as legal advisor to LogRhythm on the transaction.
17, May 2024
Leif Assurance Commercial Lines Manager Earns Prestigious Designation
(St. Louis, Mo., May 17, 2024) – Leif Assurance, a full-service insurance agency that exclusively handles construction insurance, recently announced that McKenna Goodman earned her Chartered Property Casualty Underwriter (CPCU) designation. Goodman’s newest professional credential is for those who specialize in risk management and property casualty insurance. This designation is only held by approximately 4% of professionals in the insurance industry.
The CPCU designation is recognized for its rigorous requirements, including the completion of eight exams and an ethics course. The program is only offered by The Institutes, an industry organization that provides educational support, resources, and research to risk management and insurance professionals so they can better serve the public. CPCU required coursework focuses on insurance operations, foundations of risk management and insurance, business law for insurance professionals, and finance and accounting for insurance professionals.
In addition to her CPCU designation, Goodman also holds certifications as an Associate in Risk Management (ARM) and a Professional Workers’ Compensation Account Manager (PWCAM). As a Commercial Lines Manager, Goodman manages all aspects of the renewal process for Leif Assurance’s clients. She also assists with new business acquisitions, as well as oversees the needs of current client accounts.
“McKenna’s latest achievement demonstrates her unwavering commitment to excellence,” said Leif Assurance CEO JD Powers. “This is a premier designation that truly sets her apart from her peers. We are extremely proud of her accomplishment, which solidifies her position as a leader in the property and casualty insurance realm.”
Founded in 2022, Leif Assurance offers actionable risk management, as well as data-driven pricing models to build the most accurate risk profiles so contractors are rewarded for safe job sites with earned insurance savings. Leif provides cost-effective and comprehensive insurance solutions for worker’s compensation, general liability, builders’ risk, inland marine, and commercial auto.
Leif Assurance is the sister company of Powers Insurance & Risk Management and Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Powers Insurance & Risk Management is one of the largest family owned and operated independent insurance agencies in the bi-state region. All three companies are located at 6825 Clayton Ave. For more information about Leif Assurance, call (314) 202-4200 or visit www.leifassurance.com.
17, May 2024
Anant Raj Ltd Unveils Exclusive Ultra-Luxury Residences in Gurugram Township, Setting New Standards
Gurugram: Anant Raj Limited is currently focussing at their 200-acre integrated residential township in Sector 63A, Gurugram which has composition of Villas, Floors, Commercial and Group Housings. They recently introduced their Ultra Luxury Project, “THE ESTATE RESIDENCES,” featuring just 248 units of spacious 4 BHK residences, totalling over 1.00 million sq. ft. of saleable area. The market response to this project has been overwhelmingly positive, with units sold within a few days of launch. It is believed that Anant Raj has plans to introduce more projects within this township in various phases over the coming years. These launches will also include 3-4 Group Housings.
In addition to the above township Anant Raj also possess significant land holdings, approximately 100 acres in Delhi and another 100 acres in NCR. Development of lands in Delhi is said to commence once the Master Development Plan 2041 of Delhi is notified.
Anant Raj Limited’s Founder Chairman, Sh. Ashok Sarin, had a vision of providing quality accommodation to industrial workers residing on the outskirts of cities. And hence planned for affordable housing project in Neemrana, Rajasthan, tailored to meet the needs of industrial workers. One more such project in Tirupati, Andhra Pradesh, represents another step towards enhancing the living conditions of factory workers.
Anant Raj boasts a rich legacy spanning more than five decades, marked by numerous investments across various sectors. With a diversified portfolio that includes a range of completed projects, encompassing both residential and commercial developments in Delhi, NCR, and several other cities.
Additionally, Anant Raj Cloud, a 100% subsidiary of Anant Raj Limited is spearheading the development of Tier-III and Tier-IV Data Centers with a total capacity of up to 307 MW. The company plans to invest over Rs 10,000 crores over the next 5 years.
17, May 2024
Cricketer Shikhar Dhawan Hosts ‘Dhawan Karenge’, Premiering on JioCinema Premium on May 20
17th May 2024: Shikhar Dhawan, the Gabbar of Indian cricket, is ready to break new ground with his debut as a host with a new chat show, ‘Dhawan Karenge’, set to premiere on 20th May on JioCinema Premium. Part of the premium plans starting at Rs. 29 per month, which offers top-notch content across categories, ‘Dhawan Karenge’ will see the cricketing maestro in a new avatar, welcoming prominent guests such as Akshay Kumar, Harbhajan Singh, Taapsee Pannu, Bhuvan Bam, Rishabh Pant, amongst others for authentic and unfiltered conversations, combined with some fun game segments. The show has been curated and produced by Asia’s leading media network One Digital Entertainment.
The promo released today offers an engaging glimpse of the format of the show. From delving into the intricate lives of beloved Bollywood celebrities to shedding light on behind-the-scenes world of cricketing legends and content creators, each episode takes place in a different intimate space that has a special significance to the featured guest. The talk show takes viewers on a journey filled with heartwarming narratives and engaging dialogues.
Sharing his excitement on his debut as a host, Shikhar Dhawan said, “Embarking on this inaugural journey with Da One Entertainment feels like stepping onto a pristine field, brimming with anticipation and thrill. Dhawan Karenge pledges to artfully fuse the essence of diverse industries like movies, sports, spirituality, and the business world, crafting a genuine and mesmerizing immersive experience. As I dive into this venture, I’m poised to bring forth my A-game, infusing the talk show with my distinct persona and energy that cricket lovers recognize. It’s not just about entertainment; it’s a personal connection with my fans, a chance to unveil facets previously unseen and foster genuine connections. Each episode will unfold like a fresh inning, with its narrative and ambience, eagerly awaiting to be shared with our viewers! I’m thrilled to collaborate with One Digital Entertainment and Jio Cinema in bringing this vision to life.”
Dhawan Karenge will also see guests dive into a plethora of interactive segments, from shayari banters to playful recreations of the iconic Dhawan pose. As Shikhar and the guests go down memory lane in each episode, they share their heartfelt stories, candid confessions, and plenty of juicy gossip. This seamless blend of entertainment and nostalgia promises an enjoyable ride for the audience.
