Category Archives: Business

FocusPoint International Joins the MSSA

Sunrise, FL, April 03, 2024 –FocusPoint International, the global leader in ERaaS for cellular and satellite today announced its membership in the Mobile Satellite Services Association (MSSA) – an industry effort to advance the development of direct-to-device (D2D) and IoT connectivity though an ecosystem of Non-Terrestrial Network (NTN) providers that are committed to seamlessly extending mobile coverage globally.

MSSA – launched in February 2024 – seeks to develop a global ecosystem utilizing L- and S-band spectrum already allocated and licensed for mobile satellite services (MSS), which is well-suited for integration into a broad range of mobile devices. Through the coordinated deployment of technical standards and enhancement of regulatory frameworks, the MSSA drives new initiatives to foster support for MSS-based services leveraging the 3GPP mobile standards.

The Association’s founding members, along with other ecosystem players, support integrating terrestrial and non-terrestrial networks (NTNs) to deliver scalable, sustainable, and affordable connectivity to any device, anytime, anywhere. Emerging D2D services can expand connectivity and enable competition across multiple large and diverse segments, including cellular, industrial, government, agriculture, automotive, and others.

“I am thrilled to announce our participation in the Mobile Satellite Services Association, as it aligns perfectly with our commitment to pushing the boundaries of connectivity, innovation and the ability to seek emergency assistance anytime from anywhere,” said Greg Pearson, CEO of FocusPoint International. “Together, we’ll propel the future of mobile satellite services to new heights, empowering global connectivity like never before,” added Pearson.

“MSSA effectively brings together industry expertise and best practices and presents a unified voice to foster the emerging D2D ecosystem. Adding FocusPoint International to our member roster right out of the gate is a great step for the association as we set out to advance the future of mobile global connectivity,” said Mark Dankberg, Board Chairman of MSSA.

WIKA India Honored with DCCIA Best HR Practices Award

Pune, 3rd April, 2024:WIKA India, a leading global measurement technology company and a pioneering force in the manufacturing sector, has been coveted with the ‘DCCIA Best HR Practices Award’ at the prestigious annual awards function of Deccan Chamber of Commerce, Industry, and Agriculture (DCCIA), held recently in Pune. Of the total 13 organizations who gave presentations, 07 were selected for the second round and finally, WIKA India was selected as the final winner for its exemplary Human Resources practices. This award was given based on our onboarding and employee engagement process.

Mr. Gaurav Bawa, Senior Vice President of WIKA India, expressed his gratitude and said, “WIKA India humbly acknowledges the recognition as a testament to our unwavering commitment to nurturing talent and fostering excellence in our workplace culture.”

Expressing her gratitude for the recognition, Ms. Anushka Sharma, Head Human Resources, WIKA India, said, “Receiving the ‘DCCIA Best HR Practices Award’ reflects our dedication to excellence and innovation in HR practices while setting a benchmark. This recognition sets a new standard for our industry peers and reaffirms WIKA’s leadership in the instrumentation sector. We are honored to be acknowledged for our dedication to nurturing talent and creating a dynamic workplace environment.”

The ‘DCCIA Best HR Practices Award’ recognizes organizations that demonstrate outstanding excellence and innovation in their human resources strategies and initiatives. This prestigious accolade, bestowed by the Deccan Chamber of Commerce, Industry, and Agriculture (DCCIA), highlights companies that prioritize the well-being, development, and engagement of their employees.

Mr. Rathin Sinha, Chairman of DCCIA, Mr. H P Srivastava, Vice Chairman of DCCIA, Mr. Vasudev Malu, Secretary of DCCIA, Mr. Prakash Dhoka, Treasurer of DCCIA and Mr. Vibhu Prasad, member of DCCIA amongst other dignitaries were present at the occasion.

GE Aerospace Launches as Independent Investment-grade Public Company Following Completion of GE Vernova Spin-Off

BENGALURU –3rd April 2024 – GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”. Today, April 2, 2024, at 9:30 a.m. ET, GE Aerospace, and GE Vernova will ring the opening bell together at the NYSE.

GE Aerospace Chairman and CEO H. Lawrence Culp Jr., said, “With the successful launch of three independent, public companies now complete – today marks a historic final step in the multi-year transformation of GE. I am tremendously proud of our team, their resilience, and their dedication to achieving this defining moment.”

Culp continued, “Building on a century of learning and carrying forth GE’s legacy of innovation, GE Aerospace moves forward with a strong balance sheet and greater focus to invent the future of flight, lift people up, and bring them home safely. With FLIGHT DECK, our proprietary lean operating model, as our foundation, I am confident we will realize our full potential in service of our customers, employees, and shareholders.”

With an installed base of approximately 44,000 commercial engines and approximately 26,000 military and defense engines around the world, GE Aerospace launches as an established global leader in propulsion, services, and systems. The company generated approximately $32 billion in adjusted revenue* in 2023, with 70% generated by services and the strong economics of the engine aftermarket.

At the company’s Investor Day in March, GE Aerospace reaffirmed its 2024 guidance and presented a longer-term financial outlook, including expecting to achieve ~$10 billion of operating profit* in 2028. Additionally, GE Aerospace shared a capital allocation framework to invest in growth and innovation, while also returning approximately 70-75% of available funds to shareholders.

The launch of GE Aerospace represents the completion of GE’s multi-year financial and operational transformation. Over the last several years GE has taken steps to significantly strengthen the business, including more than $100 billion in debt reduction since 2018. Simultaneously, the company-wide implementation and adoption of lean and a relentless pursuit of continuous improvement in service of the customer enabled a deep and sustainable shift in culture. This stronger foundation enabled the successful creation of three independent companies – GE HealthCare, GE Vernova, and GE Aerospace – each of which is now well-positioned to build upon GE’s history of innovation.

Holders of GE common stock were entitled to receive one share of GE Vernova common stock for every four shares of GE common stock. For United States federal income tax purposes, the distribution has been conducted in a tax-efficient manner for GE shareholders in the United States.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel. Evercore, Morgan Stanley, and PJT Partners were the lead financial advisors to GE on the transaction. The Company also received legal advice from DLA Piper and Gibson, Dunn & Crutcher LLP and financial advice from Citibank, The Consello Group, BNP Paribas, and UBS.

GE Aerospace will issue its first quarter 2024 earnings on April 23, 2024, and will host its earnings call at 7:30 a.m.ET, which can be accessed here.

For additional information, please visit GE Aerospace’s “Spin-off Resources” page here.

Non-GAAP Financial Measures

In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared by U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our earnings releases and the appendix of the GE Aerospace 2024 Investor Day investor presentation, as applicable.

Caution Concerning Forward-Looking Statements:

This document contains “forward-looking statements” — that is, statements related to future, not past, events. These forward-looking statements often address GE Aerospace’s expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and are subject to risks, uncertainties and assumptions. For GE Aerospace, particular areas where risks or uncertainties could cause GE’s actual results to be materially different than those expressed in GE Aerospace’s forward-looking statements include: changes in macroeconomic and market conditions and market volatility, including risk of recession, inflation, geopolitical conflict; supply chain constraints or disruptions, interest rates, the value of securities and other financial assets (including GE Aerospace’s equity interest in GE HealthCare), commodity prices and exchange rates, and the impact of such changes and volatility on GE Aerospace’s business operations, financial results and financial position; GE Aerospace’s capital allocation plans, including the timing and amount of dividends, share repurchases, acquisitions, organic investments, and other priorities; and other factors that are described in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2023, as such description may be updated or amended in any future reports that GE Aerospace files with the SEC. These or other uncertainties may cause GE Aerospace’s actual future results to be materially different than those expressed in its forward-looking statements. GE Aerospace does not undertake to update its forward-looking statements.

Evocus launches Evocus Hydration IV The ultimate drink mix for rapid hydration

India, 3rd April, 2024: Evocus, India’s first natural black alkaline water adds a new product to its portfolio with the launch of Evocus Hydration IV, a groundbreaking electrolytes drink mix. Designed for ultra-rapid water balance in the human body, this advanced beverage blend is powered with Active Absorption Technology, establishing a new standard in the world of hydration. Sweetened naturally with organic cane juice powder, every drop of Evocus Hydration IV is efficiently absorbed by the body, reducing post-workout fatigue and aiding muscle recovery.

Hydration IV rejuvenates the body at a cellular level and is a guilt-free choice for those prioritizing well-being and performance with zero fat, zero cholesterol, and zero caffeine formula.

Evocus Hydration IV is a fizz-free drink mix, that eliminates potential long-term harmful effects of caffeine, sugar and baking soda. Enriched with vitamins C, B1, B2, B3, B5, B5 & B12, the product strikes a perfect balance between vital vitamins, essential minerals and electrolytes. Formulated with clean, high-quality ingredients, it is free of artificial colors, flavors, and additives, ensuring that the consumer gets the pure performance boost their body deserves.

Speaking on the product launch, Aakash Vaghela, Founder, and Managing Director, of A.V. Organics LLP said “We are extremely excited with the launch of Evocus Hydration IV. The unique formula of this product caters to the demands of a modern-day lifestyle that everyone is leading. It helps individuals accomplish optimal performance that contributes to the overall well-being of both mind and body – Evocus Hydration IV is more than just a drink mix.

He further said, “This product is meant to transform the overall health and general wellness of its users, especially those who are into sports or fitness. Designed for ultra-rapid hydration, Evocus Hydration IV ensures that the body gets the hydration it craves without any delay. It is a source of energy that helps boost and enhance performance by revitalizing the user before a workout, during a long day, or whenever they need an extra lift.”

Evocus Hydration IV comes in four delicious flavors – Blueberry, Tangerine, Lime & Yuzu, and Cranberry. It is available in powder form in packs of 6, 12, and 24 sachets, with prices starting from INR 240/- for a pack of 6 sachets. The product is now available on their website, leading e-commerce platforms such as Amazon, and Flipkart, and q-commerce platforms including Swiggy as well as Apollo Pharmacy., Nature’s Basket, and WH Smith (at airports).

Fawry Launches Kheirak Wasel Fawry Campaign To Support Good Deeds Charity In Ramadan

Cairo, 3rd April 2024: During the holy month of Ramadan, Fawry, renowned for its innovative banking technology and electronic payment services, launched an impressive campaign called “Kheirak Wasel Fawry” This campaign aimed to support charitable endeavors and spread kindness throughout the community.

Accompanied by the enchanting melodies of the musical band Massar Egbari, the campaign’s theme song, titled “خيرك سابق…خيرك واصل” captivated listeners with its memorable lyrics. The song beautifully reflected the genuine Egyptian identity, showcasing individuals who genuinely cared about doing good deeds in their everyday lives, whether through their words or actions.

What made this campaign truly special was its focus on the essence of humanity and the enduring spirit of the Egyptian people, not just during Ramadan but throughout the entire year. The song’s lyrics were carefully crafted to inspire acts of kindness, reminding people that the true essence of goodness lies within them. It encouraged individuals to express their generosity in various forms, by extending a helping hand to others, speaking kind words, or simply sharing a warm smile.

Fawry has organized interactive activities in several shopping malls such as City Center Almaza, Arkan Plaza, Tivoli Plaza, and Park Street, to be present near the donors in these locations. This is done through its distinctive booth that contains interactive donation screens supported by 3D technology, which allows visitors to donate easily to some charitable institutions such as Magdi Yacoub Heart Foundation, Bahia Hospital, and Al-Nas Hospital throughout the month of Ramadan. Donations can be made using any bank card, helping in the recovery of patients and bringing joy and smiles to Egyptian families.

Fawry, being the preferred choice of the Egyptian community, played a pivotal role in facilitating acts of kindness across all segments of society. With their user-friendly solutions and services, Fawry made it possible for people to donate to over 250 charitable institutions and associations. Among these notable organizations were Hayah Kareema Foundation, Tahya Misr Fund, 57357 Children’s Cancer Hospital, the Misr El Kheir Foundation, Bahia Hospital, Dar Al Orman, Mersal, and Al-Nas Hospital.

Donations could be conveniently made through the Myfawry application or via Fawry’s widespread network of point-of-sale (POS) machines throughout Egypt.

This heartwarming campaign served as a beacon of hope, reminding everyone of the power of small acts of kindness and the profound impact they can have on individuals and communities. It celebrated the rich tapestry of Egyptian culture and the unwavering generosity that flows within its people.

And so, the “Kheirak Wasel Fawry” campaign became a symbol of unity, compassion, and the collective effort to make the world a better place, not just during Ramadan, but every day of the year.

ZEE Brings The Most Loved Action Movie Channel Of India Action Cinema to DD Free Dish, Elevating Entertainment for Millions

The Zee Hindi Movie Cluster, renowned for its commitment to delivering top-notch movie entertainment, continues to revolutionize the television landscape with channels catering specifically to the diverse preferences of Indian audiences. With the arrival of Action Cinema on DD Free Dish, Zee is set to redefine entertainment for millions across the nation.

The arrival of Action Cinema on DD Free dish Channel No. 70, an established brand renowned for its adrenaline-pumping action films targeting action movie lovers across age groups. The channel is set to become a staple for audiences craving intense action sequences and gripping storylines, delivering high-octane entertainment.

The Channel with its huge library provides the best of action films of our most loved superstars from every decade. Be it Sunny Deol, Ajay Devgn, Akshay Kumar, Sunil Shetty, Sanjay Dutt, Salman Khan from Bollywood to Allu Arjun, Jr. NTR, Mahesh Babu and Surya from the South.

Zee Hindi Movies Cluster – Business Head – Mr. Ruchir Tiwari, said, “We are constantly striving to innovate and adapt to the evolving needs of our audience. Rural markets take the center stage with more than half of the TV movie viewership coming from the heartland. This move underscores our commitment to provide entertainment to millions of households in the rural market. we aim to fill a crucial gap in the market, with a goal to establish a personal connection with viewers and ensure that they never miss out on their daily dose of entertainment and become their number one choice for wholesome entertainment.”

With a library of over 250 titles, Action Cinema promises endless entertainment for audiences of all ages. The channels aim to elevate the television viewing experience for millions of free-dish audiences across the nation.

Yash Bhargava joins Dezerv as Head of Brand and Content Marketing

3rd April 2024 Financial advisory and investment management platform Dezerv, which is backed by marquee investors such as Accel Partners, Matrix Partners, Elevation Capital, Whiteboard Capital, and Blume Ventures, appoints Yash Bhargavaas its Head of Brand and Content Marketing. In this role, Yash will be responsible for spearheading brand development and content marketing strategies to further propel Dezerv’s vision and mission.

Expressing his enthusiasm on his LinkedIn post, Yash stated, “I’m thrilled to join Dezerv as the Head of Brand and Content Marketing. When I first met Sandeep, Sripad, and the team and heard their vision for the platform, I was immediately drawn to the ambitious vision and the compelling problem statement. A few more meetings were enough to convince me of the method in this madness—an inventiveness that was contagious.”

With a background in brand building, Yash brings a wealth of knowledge and experience to Dezerv. He has a proven track record of driving successful brand initiatives and content strategies in his previous stint at Waterfield Advisors.

Reflecting on his initial experiences at Dezerv, Yash remarked, “The past month at Dezerv has strengthened my belief that the pitfalls of traditional wealth management can be solved with consumer internet solutions. It just takes someone to integrate them. I am eagerly looking forward to playing my role in this journey.”

Suzuki Motorcycle India Achieves Record-Breaking Sales in FY 2023-24: Domestic Market Propels Growth with 921,009 Units Sold

Bengaluru, 3rd April 2024: Supported by a strong demand, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, continues its upward sales growth.

Sales during April 2023 – March 2024

For the first time, SMIPL’s two-wheeler sales have crossed 11 lac mark. Recording the highest-ever sales of 11,33,902 units in FY2023-24, SMIPL has achieved a double-digit growth of 21% against 9,38,371 units sold in FY2022-23.

The company’s domestic sales have registered 26% growth from 7,30,756 units in FY2022-23 to 9,21,009 units in FY2023-24. SMIPL’s export volume in FY2023-24 grew by 3% to 2,12,893 units from 2,07,615 units exported in FY2022-23.

Total sales in March 2024

SMIPL sold a total of 1,03,669 units in March 2024, up by 6.2% from 97,584 units in March 2023. With 18% growth in the domestic market, SMIPL’s sales closed at 86,164 units in March 2024 compared to 73,069 units in March 2023. Its exports closed at 17,505 units in March’24 compared to 24,515 units in March’23.

Speaking on the company’s sales performance, Mr. Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “We are extremely thankful to all our customers, dealer partners, suppliers and SMIPL team members for their support in achieving the highest ever sales in FY2023-24. SMIPL’s performance in FY2023-24 showcases the immense trust and confidence that customers have shown in Suzuki two-wheelers. As we continue to innovate and expand our offerings, we look forward to further strengthening our position in the Indian two-wheeler market.

Furthermore, it continues its strong growth curve for consecutive months. With a focus on customer hospitality and satisfaction, we aim to sustain this growth momentum in the future.”

FY2023-24 was a significant year for Suzuki Motorcycle India. The company expanded its V-STROM family with the launch of the much-awaited Suzuki V-STROM 800DE, marking the company’s first 800cc-class motorcycle in India. Additionally, the company updated its entire domestic line-up with an E20 compliant engine.

To elevate the overall customer experience SMIPL expanded its footprint with the inauguration of dealerships in multiple states including Maharashtra, Gujarat, Tamil Nadu, West Bengal, and Punjab. During the last year, the company further forged new partnerships with banking and financial institutions making it easier for customers to own a Suzuki Motorcycle.

In a first, SMIPL also hosted Suzuki Matsuri – A vibrant festival honoring the spirit of motorcycling in Delhi and Bangalore. Apart from this SMIPL conducted an Access Mileage contest and V-Strom experience days across locations for its customers.

Premium Intercity Electric Bus Brand NueGo expands its Pan-India footprint

India;3rd April 2024: GreenCell Mobility, a pioneer in sustainable mass mobility solutions, is elated to announce a significant expansion of its operations for its electric intercity bus brand NueGo. In a strategic move to cater to the growing demand for its eco-friendly and comfortable services, NueGo now serves 100+ cities and multiple routes across India, further solidifying its leadership position in the intercity travel segment.

The newly launched routes across India include Delhi – Shimla – Delhi, Gurgaon – Chandigarh – Gurgaon, Delhi – Rishikesh – Delhi, Delhi – Amritsar – Delhi, Chandigarh – Amritsar – Chandigarh, Chandigarh – Dehradun – Chandigarh, Vijayawada – Vizag – Vijayawada, Bangalore – Salem – Bangalore, Bangalore – Trichy – Bangalore.

Devendra Chawla, MD & CEO of Greenwell Mobility, said, “We are thrilled to announce extensive expansion of NueGo’s services across the country. This strategic move aligns with our mission to improve intercity travel by providing eco-friendly, convenient, and technology-driven mobility solutions. With the introduction of new routes and amenities, we aim to elevate the travel experience for our guests while actively contributing to reducing tailpipe emissions and ensuring a greener future for all.”

NueGo, renowned for its emphasis on guest-centricity and comfort, ensures a reliable and delightful experience for both corporate and leisure travelers. With a wide schedule of buses operating around the clock and multiple boarding points across cities, NueGo offers unrivaled flexibility and convenience to its guests. Commuters on these new routes can expect an exceptional journey, where they are assisted to their seats, provided with clean, disinfected tissues and water bottles, and can indulge in a serene ride aboard NueGo’s noiseless AC electric buses.

NueGo has further enhanced its in-bus travel amenities for the guests and the brand has started pilot-testing the provision of food boxes to ensure a comfortable and worry-free experience. NueGo is also providing an additional discount on return ticket bookings for all its guests this holiday season.

Positioned as the preferred choice for safe and sustainable travel, NueGo sets the bar high with an array of safety features. These include robust measures such as CCTV surveillance, driver breath analyzers, driver monitoring systems, and speed limit checks. To ensure utmost safety, NueGo’s coaches undergo 25 meticulous safety checks, encompassing both mechanical and electrical inspections. This focus on safety makes NueGo a trusted travel companion, especially for female passengers seeking a secure journey.

Tickets for travel on these new routes can be conveniently booked through NueGo’s official website (https://nuego.in/) or via the NueGo app available on iOS and Playstore

Inknibs Announces its Ambitious Expansion Plans Across India

New Delhi, 3rd April 2024– Inknibs, the one-stop destination for books, toys, office supplies, and party essentials, is proud to announce its strategic expansion initiative into key cities across India. The presence of Inknibs is spread throughout Delhi NCR, Dehradun, Hyderabad, and Jaipur. With a commitment to revolutionizing convenience shopping, Inknibs is set to establish its presence in the vibrant markets of Indore, Bhopal, Ahmedabad, and Varanasi.

Inknibs is a marketplace that operates on a business-to-business-to-consumer (B2B2C) model. They specialize in selling books, stationery, and toys, and they offer fast delivery services, promising to deliver products within 60 minutes. This expansion marks a significant milestone for Inknibs, as the brand continues to redefine the retail landscape with its diverse product offerings and unparalleled customer service. By venturing into these dynamic cities, Inknibs aims to provide a wide range of products including books, toys, office supplies, and party supplies. Inknibs promises to deliver orders to your doorstep within 60 minutes of placing them.

In a world where time is precious, Inknibs offers convenience for parents and students alike. With Inknibs, shopping for kids’ supplies is made easier and faster through online ordering, eliminating the need to wait anxiously for deliveries.

“We are thrilled to embark on this journey of expansion and bring the Inknibs experience to new communities,” says Divyanshu Solanki, Founder, and CEO at Inknibs “Our mission has always been to provide a seamless shopping experience that caters to the diverse interests and preferences of our customers. With our expansion into Indore, Bhopal, Ahmedabad, and Varanasi, we are excited to connect with even more individuals and families, offering them a curated selection of products that inspire creativity and enrich everyday life.”

Inknibs’ expansion into these bustling cities marks its unwavering commitment to accessibility and convenience. By strategically locating its stores in prime areas, Inknibs aims to become the go-to destination for shoppers seeking quality products, exceptional value, and personalized service.

In addition to its expansive product range, Inknibs is renowned for its dedication to sustainability and community engagement. Through various initiatives, including partnerships with local artisans and retailers, Inknibs strives to make a positive impact on society. Additionally, Inknibs seems to provide value to manufacturers by offering them a distribution network through their retail partners. This means manufacturers can leverage Inknibs’ network of retailers to distribute their goods effectively, reaching a wider audience without having to establish their own retail channels.

By enabling local retailers to sell online and connecting manufacturers with a broader retail network, Inknibs plays a vital role in transforming the way traditional retail operates in the digital age. This business model benefits both retailers and manufacturers, enhancing their accessibility and visibility in the market.

As Inknibs embarks on this exciting new chapter, it invites customers, partners, and stakeholders to join in celebrating the brand’s growth and continued commitment to excellence.