HCLTech and Cisco launch Pervasive Wireless Mobility as-a-Service

NEW YORK, US and NOIDA, India, May 3, 2024—HCLTech, a leading global technology company, and Cisco today announced the launch of Pervasive Wireless Mobility-as-a-Service for secure and seamless enterprise-wide connectivity.

The service combines HCLTech’s managed network services expertise with Cisco’s Ultra-Reliable Wireless Backhaul (URWB) technology to create a resilient network infrastructure that provides robust connectivity. This offers visibility and mobility for operations and experiences in industrial and mission-critical environments such as vehicle connectivity in factory areas, mobile worker connectivity in mining areas, remote patient care, real-time data access at retail stores, and fleet connectivity at terminals.

“Leveraging HCLTech’s expertise in communication technologies and cross-industry best practices to implement and integrate Cisco’s URWB technology in varied environments will increase our clients’ capacity to operate next-gen applications and successfully integrate a variety of wireless technologies to transform their business,” said Gurpreet Singh Kohli, Senior Vice President and Global Head of Enterprise Network Practice, HCLTech.

HCLTech offers our customers a way to accelerate their network transformation journey with an end-to-end managed secure network service that reduces complexity, increases efficiency, and improves the end-user experience, through a flexible consumption model,” said Nick Holden, Vice President, of Global and Strategic Partners & Ecosystem Co-Sell at Cisco.

“With the launch of Pervasive Wireless Mobility as a Service in collaboration with Cisco, we are poised to offer fast, secure, and ultra-low-latency connectivity across various industries. Leveraging HCLTech’s expertise and industry best practices, we will enable our clients by providing wireless backhaul solutions, connecting remote, mobile, and hard-to-access applications,” said Anand Swamy, Executive Vice President and Head of Tech OEM & ISV Ecosystems, HCLTech.

HCLTech is a trusted go-to-market partner to Cisco, having achieved Gold Provider Certification Worldwide. Previously, the company has been recognized as a Coveted Supplier by Cisco for providing next-generation engineering and IT solutions and services and has also won the Cisco Global Digital Sustainability Award with its Net-Zero Intelligent Operations (NIO) solution.

Aluminium Foil Packaging: Revolutionizing the Global Packaging Industry

The Aluminium Foil Packaging Market has witnessed remarkable growth and evolution over the past decade, driven by a combination of factors such as changing consumer preferences, technological advancements, and increasing demand from various end-use industries. As a versatile and essential component of the packaging sector, aluminium foil has cemented its position as a preferred choice for packaging solutions across the globe, as per a report by Persistence Market Research.

Unravelling the Dynamics:

Aluminium foil packaging offers a myriad of benefits to diverse sectors, including food, beverages, pharmaceuticals, and cosmetics. Its versatility allows for direct heating or freezing of food items, making it a preferred choice for consumers. Produced through casting and cold rolling processes, aluminium foil packaging ensures a robust barrier against environmental elements, preserving the integrity and freshness of packaged products.

Market Segmentation and Applications:

The market is segmented based on packaging types, including rigid aluminium, semi-rigid, and flexible packaging. Various applications such as aerosol packaging, tube packaging, cans, dishes, lids, and aluminium pouches underscore the widespread utility of aluminium foil in modern packaging solutions. End-users span across healthcare, cosmetics, food & beverages, and other industries, emphasizing the material’s versatility and adaptability.

Regional Insights:

Geographically, North America leads the aluminium foil packaging market, driven by continuous technological advancements aimed at enhancing product quality. Meanwhile, the Asia-Pacific region is witnessing a surge in demand fueled by the burgeoning packaged food industry and changing consumer preferences.

Key Players and Innovations:

Key players in the aluminium foil packaging market, including Ardagh Group, Flexifoil, Zenith, ACM Carcano, and Tetra Pack, are spearheading innovations to cater to evolving consumer demands. Technological developments aimed at enhancing product quality, reducing production losses, and offering diverse packaging solutions are key strategies adopted by market players to maintain a competitive edge.

Future Outlook:

The aluminium foil packaging market is poised for robust growth, fueled by factors such as economic expansion, rising middle-class populations, and changing lifestyles driving demand for packaged goods. Moreover, advancements in technology and a focus on product diversification are expected to propel market growth in the coming years.

Sustainability and Environmental Considerations:

In addition to its functional benefits, aluminium foil packaging aligns with sustainability goals, contributing to waste reduction and resource efficiency. The recyclability of aluminium makes it an environmentally responsible choice, reducing the environmental footprint associated with packaging materials. As consumers and regulatory bodies prioritize eco-friendly solutions, aluminium foil packaging emerges as a sustainable option, driving its adoption across various industries.

Technological Advancements and Product Innovations:

The aluminium foil packaging industry is characterized by continuous technological advancements and product innovations aimed at enhancing performance and meeting evolving consumer needs. Advanced manufacturing processes, such as cold rolling and precision casting, enable the production of high-quality foil with enhanced barrier properties and durability. Furthermore, innovations in coating technologies and printing techniques enable customization and branding, adding value to packaged products.

Market Expansion and Globalization:

The global aluminium foil packaging market is witnessing expansion and globalization, driven by increasing demand from emerging economies and growing consumer preferences for convenient and portable packaging solutions. Market players are leveraging strategic partnerships, mergers, and acquisitions to expand their geographical presence and tap into new market segments. Additionally, investments in research and development are driving product diversification and innovation, further fueling market growth.

Regulatory Compliance and Quality Assurance:

Strict regulatory standards and quality control measures govern the aluminium foil packaging industry to ensure product safety and integrity. Manufacturers adhere to stringent guidelines and certifications to meet regulatory requirements and maintain consumer trust. Quality assurance practices, including thorough testing and inspection processes, safeguard the quality and reliability of aluminium foil packaging, instilling confidence among end-users and stakeholders.

Consumer Trends and Market Dynamics:

Changing consumer lifestyles and preferences play a pivotal role in shaping the aluminium foil packaging market. As consumers increasingly prioritize convenience, portability, and sustainability, demand for innovative packaging solutions continues to rise. Moreover, shifting dietary habits, urbanization, and the growing popularity of on-the-go consumption drive the demand for versatile and functional packaging options, further propelling market growth.

Suzuki Motorcycle India kicks-off the FY 2024-25 with 99,377 units sale in April

Bengaluru, 03 May 2024: Riding into the FY 2024-25 on a positive note, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today announced its sales numbers for April 2024.

The company’s total sales for April’24 closed at 99,377 units, up by 12% from 88,731 units sold in April’23. The month also saw the company registering its highest-ever sales of 88,067 units in the domestic market and achieving a remarkable 31% growth against 67,259 units sold in April’23. However, exports were lower at 11,310 units in April’24 compared to 21,472 units in April’23.

Speaking on the company’s sales performance, Mr. Devashish Handa, Executive Vice President, Sales, Marketing & After Sales, Suzuki Motorcycle India said, “We have had a very encouraging start this Financial Year with April marking our highest ever domestic sales. As we experience continual growth in our sales volume, we are humbled and overwhelmed by the ever-increasing patronage that Brand Suzuki has been receiving from Indian Two-Wheeler Customers. We would also like to thank each member of our Dealer Network and all our business associates without their support and collaboration this accomplishment would not have been possible. We are determined to come up to the expectations of our customers and continue this momentum going forward as well.”

In April’24, SMIPL celebrated the 8-million cumulative two-wheeler production milestone. The company also launched the 25th Anniversary Edition of its Flagship Motorcycle Hayabusa.

Disclaimer/Disclaimer: This press release serves for informational purposes only and does not constitute professional advice. Any reliance on the information provided is at the reader’s discretion.

RXIL TReDS Platform achieves Milestone of financing Rs. 1 Lakh Crore Invoices

Mumbai – Receivables Exchange of India Limited (RXIL) Trade Receivables Discounting System (TReDS) platform, a joint venture of SIDBI, NSE along with State Bank of India, ICICI Bank, and Yes Bank, has achieved a significant milestone, facilitating financing of over 50 lac invoices worth ₹1,00,000 crore, since its inception providing accessible working capital financing solutions to Micro, Small, and Medium Enterprises (MSMEs).

More than 25,000 MSMEs have registered on the RXIL TReDS platform, emphasizing the TReDS platform’s substantial role in bolstering small businesses within the entrepreneurial landscape. RXIL has also partnered with several state governments, signing MoUs to ensure MSMEs are paid timely on TReDS at highly competitive rates.
TReDS platform operates without recourse to the MSMEs, providing them with the benefit of timely working capital and risk-free financing at competitive rates against their invoices to corporate buyers, CPSEs, PSUs, etc.

In FY 24, RXIL demonstrated exponential growth in invoice financing volumes monthly. Currently, RXIL is enabling monthly financing of INR 6,000+ crores. Looking ahead, RXIL is committed to enhancing its performance further, with a target of invoice financing of ₹75,000 crore in FY 25. This commitment emboldens RXIL’s dedication to fostering the growth and prosperity of MSMEs in India.

Mr. Ketan Gaikwad, Managing Director and CEO of RXIL, on achieving this remarkable milestone, stated, “Surpassing the financing of invoices worth ₹1,00,000 crore is a clear reflection of RXIL TReDS’ persistent dedication to empowering MSMEs across the nation by quick access to working capital. While we celebrate this milestone, it’s imperative to recognize that there’s much more ground to cover. With only 82,000 MSMEs registered on all the TReDS platforms out of 4 crore MSMEs registered on the Udyam portal, there is immense potential for growth and inclusivity. We remain steadfast in our mission to continue bridging the gap between MSMEs and financial institutions, ensuring that every business has access to timely working capital, regardless of their geographical location or size.”

Disclaimer/Disclaimer: This press release serves for informational purposes only and does not constitute professional advice. Any reliance on the information provided is at the reader’s discretion.

Two99 Celebrates a Groundbreaking First Quarter with Exceptional Team Growth, Global Expansion, and Client Success

3rd May 2024: Reflecting on an energizing first quarter, Two99 takes pride in the significant expansion of the team, the introduction of innovative client solutions, and strategic global advancement. With an unwavering dedication to fostering a supportive work environment, Two99 has not only expanded its team by over a dozen skilled professionals but has also successfully maintained a healthy work-life balance. This quarter, they not only surpassed all predetermined objectives ahead of schedule but also laid the groundwork for sustained excellence in the upcoming quarters.

With a revenue of 17 CR and a growth rate of 30%, Two99 has showcased robust performance and resilience within the market. This year, alongside our ongoing initiatives, Two99 is gearing up to unveil a state-of-the-art cybersecurity tool and extend its office presence into the Middle East. Esteemed clients such as Reckitt, LG, and Cycle Aggarbati continue to rely on Two99 for comprehensive solutions aimed at driving revenue growth and maximizing profits. With our expertise and unwavering commitment, Two99 is poised to meet these challenges head-on and deliver success for their clients.

From January to March, Two99 team conducted thorough audits for a dozen brands spanning various sectors, including skincare, home essentials, and travel accessories. These audits were not merely assessments but rather served as the cornerstone for planning JBP FY 24-25, employing a data-driven approach that crafted refined strategies yielding tangible benefits for our clients.

One of this quarter’s standout accomplishments has been their expanded global footprint, now spanning seven countries, exceeding our targets with ample time to spare. Their dedicated teams across branding, technology, and e-commerce have consistently surpassed client expectations. A groundbreaking branding initiative has garnered significant enthusiasm among our clientele, solidifying Two99’s reputation as a trailblazer in the digital marketing arena.

The addition of five new clients and the expansion of two existing partnerships underscore the dynamic approach to client engagement and retention. However, mindful of the commitment to excellence and optimal resource utilization, they made a strategic decision to temporarily pause work with one client to ensure their focus and resources remain maximally effective.

Their E-commerce and Tech, Marketing teams have achieved remarkable results driven by continuous innovation and their proprietary AI-powered marketing algorithm. This algorithm, refined through extensive data analytics, has not only enhanced client market share but also fueled revenue growth.

Moving ahead, the upcoming quarter Two99 promises excitement, with a strategic focus on strengthening the e-commerce and branding initiatives and the highly anticipated launch of our new cybersecurity vertical.

With the dynamic approach and steadfast commitment to innovation, Two99 invites you to embark on this exhilarating journey with us.

Philippos Matthai & Ashad Pasha shines at the INAC Championship

Mumbai, India – 3rd May 2024 – The Indian National Autocross Championship Finals and Time Attack Races, hosted by the Indian Automotive Racing Club (IARC) at the Nanoli Stud Farm near Pune, witnessed an exhilarating display of speed and skill. PhilipposMatthai emerged as a standout performer, clinching the title of the fastest driver in the Time Attack Event and securing numerous FMSCI National AutoCross Championship podiums, highlighting his exceptional prowess on the track. The championship finals also highlighted outstanding performances from Dhruva Chandrashekar, MazdayarVatcha, Nikhil J, Daksh Gill, and NikeetaTakkale, among others, across various categories of races.

In the fiercely contested INAC-Open Class, Matthai’s stellar lap of 1:26.000 in his VW Polo secured him the top spot, leaving his competitors trailing behind. Notably, UdayPilani claimed second place with a time of 11:28.909, followed closely by Naveen Puligilla with a time of 1:33.422 and Nikhil J recorded 1:33.824.

In the INAC 1 Class (800cc to 1650cc), Nikhil J showcased his speed mastery with a blistering fastest time of 1:25.094, leading the pack ahead of DhruvaChandrashekar who recorded 1:26.267, and Ashad Pasha who did a lap in 1:26.854, demonstrated remarkable skill in securing podium finishes.

Ashad Pasha further showcased his talent by dominating double wins in the INAC 2 Class (800cc to 1400cc) and (1401cc to 1650cc) with a commanding time of 1:27.840, closely followed by Mazdayar with 1:32.228 and Kiran Reddy with 1:32.336.

DhruvaChandrashekar’s triumph in the INAC 2 Open Class, with a timing of 1:26:738 in VW Polo, underscored the intensity of competition, with his closely contested victory against PhilipposMatthai and NikeetaTakkale, showcasing the pinnacle of racing excellence.

In INAC 3-Open Class Hyderabad’s MazdayarVatcha emerged victorious with a standout performance of 1:30.657, with Goa’s Amey Desai coming in second with a time of 1:31.277 followed by Praveen Dwarkanath with a time of 1:33.474.

The 4WD Open category witnessed Daksh Gill’s dominance in Subaru, as he claimed the title with an exceptional time of 1:27.786, followed by SravanKuttor who recorded 1:33.222, and Mazdayar with 1:34.002.

In the women’s category of Time Attack event, Pune’s NikeetaTakkale secured first position with a time of 1:31.380 followed by TarushiVikram with 1:32.988 and Nikita Nair coming in 3rd with 2:01.456.

The INAC championships not only showcased the thrilling spectacle of motorsport but also celebrated the exceptional talent and dedication of drivers from diverse backgrounds, setting the stage for future racing endeavors filled with excitement and anticipation.

Honda Cars India registers total sales of 10,867 units in April 2024

Mumbai, 3rd May 2024: Honda Cars India Ltd. (HCIL), the leading manufacturer of premium cars in India, registered total sales of 10,867 units in April 2024 as compared to 7,676 units in the same month last year. The company registered 4,351 units in domestic sales and 6,516 units in exports in April’24.

Sharing thoughts on April’24 sales performance, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “Our planned production volumes in April were lower due to the switchover of Elevate and City production to six-airbag standard variants and the dispatches were aligned accordingly. On the other hand, export of Elevate continues to significantly boost HCIL export volume which grew by 175% over the same period last year.”

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