16, Feb 2024
Remsons Industries enters into an agreement to invest for a majority stake
Mumbai, February 16, 2024: Remsons Industries Ltd., a pioneer in Cables & Shifters for Automotive Industry, has agreed to make a Majority Investment in the Automotive Sensor Division of Uni-Automation, a renowned sensor technology firm. This strategic move marks a significant milestone in Remson’s commitment to innovation and expansion within the Automotive and Off-Highway Industry.
The proposed investment aligns seamlessly with Remson’s mission to deliver cutting-edge solutions that meet the evolving needs of its customers. With Uni-Automation’s expertise in sensor technology, Remsons is poised to strengthen its position as a manufacturer of Complete Systems with Embedded sensors.
The new offering of products will help widen Remson’s portfolio of offerings to domestic as well as global customers. The automotive sensor market has been growing on two counts. One deep penetration of embedded technology on legacy platforms. Second, increased adoption of Electric Vehicles which have higher per-unit sensor requirements. Since Sensor requirements are platform agnostic, entering into this technology gives a fillip to Remsons’ new offerings to its customers.
“We are thrilled to welcome Uni-Automation into the Remsons family,” said Rahul Kejriwal, Executive Director, Remsons. “Their exceptional track record in developing state-of-the-art sensor technologies complements our existing capabilities perfectly. This proposed investment underscores our commitment to providing innovative solutions and enhancing our ability to address the complex challenges faced by our customers.”
“We are excited to join forces with Remsons and embark on this new chapter of growth and innovation,” said Vidhyadhar Mahajan, Chairman, of Uni-Automation. “By combining our expertise with Remson’s resources and market reach, we are confident that we will unlock new opportunities and deliver even greater value to our customers.”
“This proposed investment is in line with Remson’s philosophy of inorganic growth into Fuel Agnostic products. This is also partly complimenting to our existing product line and a diversification into future technology products. We also plan for further acquisitions and JV’s to complement and add to the above portfolio,” said Amit Srivastava, Remsons Group CEO.
For the transaction, KDA Corporate Advisors LLP acted as the transaction advisor & DBS Law acted as the legal advisors to Remsons Industries Ltd.
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- By Rabindra
16, Feb 2024
PedalStart Announces Series-2 Internal Company Fund Launch
India, February 16, 2024- PedalStart, a leading startup accelerator, proudly unveils the commencement of its Series-2 fund, securing a substantial $250,000 to bolster early-stage startups. Following the resounding success of its inaugural internal company fund launch of $250K, deployed to 5-7 founders, PedalStart starts its next phase of catalyzing innovation and entrepreneurship within the startup community.
The primary objective of this fund is to allocate capital to 5-7 promising early-stage startups who have demonstrated notable progress and execution over preceding three to six months.
These startups will be selected after a rigorous selection process that Pedalstart is doing while taking the startups for the acceleration process. Pedalstart aims to build a startup founders community that exhibits exceptional potential and promise.
Commenting on the launch, Manas Pal, and Aditya Darolia, the Founders of Pedalstart, said “We’re elated to extend our support to the burgeoning pool of entrepreneurs through the launch of our Series-2 fund. At PedalStart, our unwavering commitment lies in empowering startups with the resources and guidance necessary to navigate the competitive sphere and emerge as trailblazers. The infusion of funds from our Series-2 initiative will catalyze these startups to propel their growth and realize their vision. We extend a warm invitation to all enterprising founders to seize this opportunity and begin the transformative journey with PedalStart. Together, we can forge a future brimming with innovation, resilience, and boundless possibilities”.
PedalStart will orchestrate the selection process for identifying the recipients of the fund through a meticulous vetting procedure, emphasizing the execution and performance exhibited by startups within PedalStart’s Accelerated Startup. By scrutinizing the growth trajectory and scalability potential of each contender, PedalStart aims to identify 5-7 startups poised for exponential growth, expansion, and impact who will receive funds from the internal company fund launch. Just by being part of the unique platform, entrepreneurs gain as they become part of a large and influential community of entrepreneurs forged by Pedalstart. Since inception Pedalstart community has grown to 10,000 startups, over 300 mentors and 1600 founders.
16, Feb 2024
Trade and Investment Queensland (TIQ) partners with BioAsia 2024 as their Global Sponsor
India, 16th February 2024 – Trade and Investment Queensland (TIQ), the dedicated business agency of the Government of Queensland, is pleased to announce its role as the global sponsor for Bio Asia 2024. Scheduled from February 26th to February 28th in Hyderabad, the event will feature esteemed industry leaders, visionaries, and innovators worldwide to delve into the transformative journey of R&D, Artificial Intelligence (AI), and data within the life sciences industry and healthcare sector. With the Queensland delegation at the forefront of this transformative endeavor, Bio Asia 2024 is poised to become an event of substantial significance, marking a milestone in the growing collaborative associations between Queensland and India.
Queensland has long prioritized R&D as a vital sector for its economic growth and innovation. With a vibrant ecosystem fostering collaboration between academia, industry, and government, Queensland has emerged as an R&D leader, seeking partnerships with international counterparts. Recognizing India’s growing economy and R&D landscape, Queensland views India as a strategic partner. Its participation in BioAsia 2024 marks a significant step in strengthening ties, underscoring Queensland’s commitment to international collaboration and global innovation.
Recent ministerial visits to India such as Minister Cameron Dick, Deputy Premier, Treasurer, and Minister for Trade and Investment, followed by former Minister Sterling Hinchliffe, Minister for Tourism, Innovation, and Sport, have bolstered collaboration in sectors like technology, R&D, life sciences, biotechnology, and AI, aligning with India’s innovation focus.
Expressing his views on this significant partnership, Mr. Abhinav Bhatia, Senior Trade & Investment Commissioner – South Asia, Trade and Investment Queensland, remarked, “Our partnership with BioAsia 2024 marks a milestone in our journey to bridge the innovative capacities of Queensland and India in the life sciences domain. This collaboration between Queensland and India is more than a partnership; it’s a strategic alliance that promises to catalyze breakthroughs, ensuring our leadership in global healthcare. We look forward to this opportunity to merge Queensland’s research excellence with India’s pharmaceutical prowess, setting new benchmarks for innovation in the life sciences.”
Distinguished Queensland delegation, including Professor Alan Rowan, Director of the Australian Institute for Bioengineering and Nanotechnology at the University of Queensland (UQ) renowned for his pioneering research in Advanced Nano-Structured Materials, Precision Nanomedicine, and Biomanufacturing. Joining him are Tamanna Monem, Head of Growth & Partnerships, Directorate, at The Queensland Institute of Medical Research (QIMR), Berghofer, renowned for her strategic vision and expertise in driving sustainable growth initiatives and garnering investments from key sectors like healthcare, MedTech and defense; Professor Prasad Yarlagadda, Dean of Engineering at the University of Southern Queensland (UniSQ), an award-winning engineer recognized for his exceptional contributions to engineering and advanced manufacturing and who has received over $18 million in funding for his research and Prof Eliza Whiteside, Head (Research) at UniSQ who has won multiple awards for research in fields like molecular biomarkers, cancer biology, survivorship, and medical materials and technologies. Their primary objective is to foster partnerships with Indian institutes and entities.
Alongside the delegates leading Queensland companies like Microbio which has developed InfectID – a novel molecular diagnostic technology, Southern RNA which specializes in the production of nucleic acid products, Aegros an Australian technology leader in the therapeutic plasma market and Clinials which is a next-generation Clinical research platform helping Global Life Science pioneers will be at the forefront, showcasing their groundbreaking work across the entire spectrum of life sciences innovation, from R&D and clinical trials to cutting-edge data & AI applications. This participation along with top Indian pharma leaders will pave the way for dialogue and collaborations in the future and will further solidify Queensland’s position as a global leader in this transformative field.
BioAsia 2024 serves as a pivotal platform for Queensland and India to connect and collaborate in the life sciences sector. This event gathers industry leaders, visionaries, and innovators, fostering discussions on the latest trends, forging strategic partnerships, and accelerating advancements.
16, Feb 2024
Sunny Leone & Daniel Weber Venture Into Health & Wellness with Rize
In an inspiring tale that goes beyond conventional business endeavours, the journey of two college students, Sahil Manral and Dhruv Verma’s entrepreneurial venture Rize underwent a remarkable transformation with the investment of actress-entrepreneur Sunny Leone and Daniel Weber. The venture signifies more to enterprising youths than mere profit-seeking.
Besides financial support, Sunny and Daniel also offered vital mentorship for startup success. Through Rize, they aim to foster a culture of wellness and empowerment. Rize introduces three unique options: Dream Bites, melatonin-infused chocolates for restful sleep; Bliss Bites, designed to ease period discomfort and satisfy cravings; and Energy bars, blending caffeine and taurine for quick energy boosts. All products prioritise health, are sugar free, and hold 7 certifications. By addressing concerns ranging from sleep to wellness, these items bridge nutritional and taste preferences, highlighting Rize’s dedication to dietary diversity and community trust. Furthermore, this endeavour contributes to the ‘Make In India’ initiative, offering a pathway for local production.
The collaboration with Sunny Leone and Daniel Weber reflects Rize’s commitment to innovation, community, and steadfast support, propelling Sahil and Dhruv’s aspirations while shaping the brand into an entrepreneurial inspiration.
16, Feb 2024
Tembo Global Industries Ltd. Q3 FY2024 Revenue Growth Rs.118.35 Cr
Tembo Global Industries Ltd. stands as an industrial powerhouse, specializing in manufacturing and fabricating metal products crucial for Pipe Support Systems, Fasteners, HVAC, and more, serving industrial, commercial, and OEM sectors. With expertise in ductile pipes, HDB pipes, and MS plates fabrication and installation, our seasoned team caters to diverse customer needs, offering tailored solutions at competitive prices without compromising quality. Serving a wide array of industries including Oil & amp; Gas, Steel, and Mining, Tembo Global Industries Ltd., founded in 2010 and listed on the national stock exchange in 2018. Originally renowned as international suppliers, they have successfully ventured into the domestic market, further cementing their reputation as a versatile and innovative industry leader. The company has reported impressive financial results for the third quarter of the fiscal year 2024.
Tembo Global Industries Ltd. recorded a substantial increase in total revenue for Q3 FY24, reaching Rs. 118.35 crore compared to Rs. 56.54 crore in Q3 FY23. Similarly, the PAT for Q3 FY24 surged to Rs. 4.44 crore from Rs. 1.99 crore in Q3 FY23. This significant growth highlights the company’s strong performance and ability to capitalize on market opportunities.
Commenting on the performance, Mr. Sanjay Patel, Managing Director, Tembo Global Industries Limited stated, “We are pleased with the strong growth achieved in both our textiles and engineering divisions. Our focus on operational excellence and customer satisfaction has enabled us to deliver these impressive results despite challenging market conditions. We remain committed to driving growth and creating value for our stakeholders.”
16, Feb 2024
This February experience love and drama with these binge-worthy international shows on Amazon miniTV
Mumbai, 16 February 2024: As February unfolds, the air is filled with anticipation and excitement, and what better way to embrace the month of love than by diving into the captivating world of Korean, Turkish, and Mandarin dramas? Amazon miniTV has curated a special collection of some of the most popular international shows in Hindi, Tamil, and Telugu, that promise to steal your heart and keep you glued to the screen. The worldwide show lineup on Amazon miniTV for February 2024 is certain to take you on a love-filled adventurous ride. From adrenaline-pumping thriller romances to soul-stirring medical dramas and tender youthful love stories, ensuring an unforgettable adventure with every watch. Get ready to laugh, cry, and fall in love all over again with the alluring lineup of international series on Amazon miniTV available in original, Hindi, Tamil, and Telugu.
LIFE IS TODAY
Based on the American series ‘New Amsterdam,’ the Turkish drama follows the events that subsequently occur after an idealist doctor, Chief Physician Barış Güvener, is appointed to Hisarönü Hospital, one of the oldest and most established hospitals in Istanbul. However, Hisaronu, one of the best hospitals of its time, is going through a difficult time. With the arrival of a young and idealistic chief physician, the story of the entire hospital begins to be rewritten. Barış faces personal challenges while working to revive the hospital. Amidst, his struggles, he embarks on a formidable journey alongside his colleagues, gradually earning their hearts
in the process. While the path of impossible loves, precious friendships, and touching life stories passes through Hisarönü Hospital, Barış will make us believe again in the power of love, hope, and devotion and will open the doors of the hospital to everyone living in Istanbul!
Director: Çiğdem Bozali
Cast: Ulaş Tuna Astepe, Hazar Ergüçlü, Tansel Öngel and Hande Doğandemir
Episode: 25
MY SECRET TERRIUS
The Korean Drama revolves around the life of a single mother named Go Ae-rin, which takes an unexpected turn after her husband’s mysterious death. She becomes entangled in a complex web of espionage and conspiracies when she discovers that her husband is a secret agent. She meets Kim Bon who lives next door and is one of the most highly skilled special operative agents in the National Intelligence Service. The duo decides to form an unlikely alliance and investigate what happened to the people they loved. What they begin to unearth, however, is that Go Ae Rin’s husband was sucked into part of a huge conspiracy that goes a lot deeper than either of them could have possibly imagined. The captivating storyline keeps viewers on the edge of their seats as each episode reveals new layers of suspense and thrilling plot twists.
Director: Sanghun Park
Cast: So Ji Sub, Jung In Sun, Son Ho Jun, Im Se Mi
Episode: 16
WHEN WE MEET
The story revolves around an office worker named Lu Ming and a high school student named Deng Yu, who shares the same appearance. One day, they met coincidentally, and from then onward, their lives became entangled together. As they spend time together, they slowly understand each other, switching their lives; growing together and achieving redemption, and finally becoming an inseparable part of each other. With his straightforward enthusiasm, Deng Yu helps Lu Ming get into a multinational company. Lu Ming’s maturity helps Deng Yu succeed in capturing the heart of his crush. Continuous crises disrupt their lives, throwing them
into a whirlwind of personal and professional challenges. Stuck in time, they risk losing everything they hold dear, including their connection with each other.
Director: Yu Zing and Wang Kai Yang
Cast: Zhao Dong Ze, Wu Man Si, Tang Meng Zia, Rainco, D-Space and Ziao Yu
Episodes: 24
ONE MORE HAPPY ENDING
This popular K-drama focuses on the story of former singer Han Mi Mo who was in a band called “Angels,” and her friends in their 30’s. As the divorce rate and second marriages are becoming higher in the nation, these friends, too, are looking for love again after a string of failed marriages and relationships. Mi Mo wished happily ever after when she vowed to be the lawful wife of her ex-husband. That wasn’t the case for her. She now falls in love again and hopes that he’s finally the one for her. Su Hyeok also has his share of heartbreaks and heartaches after the death of his former wife. Embracing the scars of past relationships, they confront the truth and find solace in each other’s love. The romantic comedy will depict how the characters go to great lengths to find romance and happiness in a fun way.
Director: Kwon Sung Chang
Cast: Jang Na-ra, Jyung Kyung-ho and Seo In-Young
Episodes: 16
Indulge in a feast of captivating storytelling and vibrant emotions with the curated collection of international
shows now available on Amazon miniTV, dubbed in Hindi, Tamil, and Telugu. Whether you' re celebrating the
month of love solo or with someone special, there's no better way to indulge in light-hearted entertainment
than with these captivating series for free!!
16, Feb 2024
How to identify pattu saree by Mr. Jigar Viradiya, Founder and CEO at Vastranand
Vastranand, where tradition meets trend, and craftsmanship intertwines with innovation. Since our inception in 2012, we have been dedicated to crafting and exporting high-quality Ladies’ Sarees that reflect the rich cultural heritage of India. At Vastranand, we believe in more than just creating garments; we are committed to weaving a tapestry of empowerment, quality, and smiles.
At Vastranand, we believe that every saree tells a story. Our offerings include Linen Sarees, Silk Sarees, and Cotton Sarees, cherished for their ease of use, shrink resistance, lightweight feel, and nominal costs. Our expert team employs the latest stitching techniques, ensuring each product is a testament to our commitment to excellence.
We proudly export 15-20% of our exquisite saree collection to Dubai and Malaysia, spreading the charm of Vastranand across borders.
Working at Vastranand is embracing a unique business model that enhances profits and provides sellers with
exceptional value for their money. We believe in Women Empowerment, actively supporting women entrepreneurs to reach consumers’ hearts and achieve new heights in business Vastranand, where we don’t just create garments; we weave stories, empower women, and redefine the meaning of profit. We invite you to be a part of our happy family, where tradition meets innovation, and every saree carries the essence of timeless elegance.
16, Feb 2024
SOKU Cosmetics launches in India, introducing a new era of inclusive beauty products
16th February 2024, National: SOKU Cosmetics, a skincare and makeup brand, has officially launched in India, ushering in a new era of inclusivity, diversity, and empowerment. Founded on the belief that good skincare should be easy, affordable, and effective, SOKU offers multi-purpose products that seamlessly blend natural ingredients with science-backed innovation. The cruelty-free brand aims to empower everyone to achieve healthy, radiant skin without the hassle, offering a diverse product range that includes items such as eyeliners, lipsticks, compact powders, face washes, face moisturizers, and sunscreens.
The global cruelty-free market has experienced significant growth over the past decade and is projected to reach USD 14.23 Billion by 2030, registering a healthy CAGR of 4.56%. The scientifically backed formulations of SOKU’s products reflect the promise of makeup with skincare and are vegan and cruelty-free. None of the brand’s products use parabens, sulphates, silicones, phthalates, mineral oil or gluten which make them safe for long-term use.
Expounding on the brand’s goals, Jagathi Reddy, Director at SOKU Cosmetics stated, “SOKU Cosmetics aims to shatter traditional skincare complexities, offering straightforward solutions and beautiful packaging that inspire confidence and self-expression. Our products are accessible, aspirational, and designed to make you feel proud of your skincare and makeup journey.”
Orooj Fareena, Brand Head at SOKU Cosmetics, noted, “We recognize the need of the hour in today’s world of skincare and cosmetics, which is why our brand’s beauty solutions are FDA-approved, toxin-free, and align with our commitment to sustainability.” Orooj further added, “With our affordable yet premium skincare and makeup products, we hope to provide a luxury skincare experience to all members of the beauty community without having to burn a hole in their pockets.”
SOKU Cosmetics is set to revolutionize the evolving beauty industry with its avant-garde line of products. SOKU is not just a brand; it is a beacon of hope, embodying possibilities, dreams, and empowerment. SOKU is turning dreams into reality – the dream of self-ownership, the dream of self-empowerment, the dream of conquering the world by bringing together incredible ingredients to create power-packed products that actually work.
16, Feb 2024
EDII’s flagship WeAct programme, supported by Accenture signed an MoU
Ahmedabad, February 16, 2024: The Entrepreneurship Development Institute of India (EDII), Ahmedabad’s WeAct program, supported by Accenture signed a Memorandum of Understanding (MoU) with the Commissionerate of Cottage and Rural Industries, Government of Gujarat to promote inclusive growth and socio-economic development. The collaboration seeks to boost economic development, empower local artisans, and drive sustainable practices in Gujarat’s cottage industry.
The MoU was signed in the presence of Shri Pravin Solanki, IAS, Secretary and Commissioner ofCottage & Rural Industries, Govt. of Gujarat; Shri Hetal Patel, Additional Director of the Cottage & Rural Industries, Govt. of Gujarat; Mr. Daniel Thomas, CSR Manager, Accenture and Dr.Raman Gujral, Director, Dept. of Projects-Corporate, EDII.
Under the collaboration, Gujarat-based women artisans will be ensured market access, product development, and leveraging network & technology through the Accenture-supported platform. WeAct is a platform of women entrepreneurs that aims to enable artisans enrolled in the Hastkala Setu Project to scale their businesses and gain national market access. This partnership signifies a concerted effort to promote inclusive growth, foster economic development, and preserve Gujarat’s rich culture.WeAct has reached out to more than 13,400 women entrepreneurs in PAN India and has significantly amplified the market for artisans and weavers.
“This partnership between the Department of Cottage and Rural Industries, Government of Gujarat, and WeAct is a testament to our unwavering commitment to the welfare of artisans and weavers in the state,” said Shri Pravin Solanki, IAS, Secretary and Commissioner of Cottage & Rural Industries, Govt. of Gujarat.
“This partnership epitomizes our shared dedication to fostering inclusive development and empowering the artisanal community in Gujarat.” – Dr. Sunil Shukla, Director General, EDII “This MoU will provide holistic support in terms of expanded markets and networks for the beneficiaries of the Hastkala Setu Project (supported by Commissionerate of Cottage and Rural Industries, Govt. of Gujarat and implemented by EDII) through WeAct Platform.” – Dr. Raman Gujral, Director, Dept. of Projects, Corporate, EDII
16, Feb 2024
Unveiling The Swinton House, Pink City’s newest exquisite address
National: The Swinton House, a haven of opulence nestled in the vibrant city of Jaipur, opens its doors to connoisseurs of elevated taste and sophisticated leisure. Inspired by the grandeur of Victorian-era estates, this resplendent restaurant and bar blends European elegance with the rich cultural tapestry of Rajasthan. This launch marks the debut of a distinguished establishment that seamlessly blends heritage, modern cuisine, and unparalleled luxury for the discerning traveler in Pink City.
Situated amidst the picturesque landscapes of Jaipur, The Swinton House is a manifestation of a world-class culinary and cocktailing experience. The interiors boast a modern touch, featuring an open courtyard and an inviting bar, adorned with Roman arches and glass panes. Patrons can indulge in the finest sundowners which turn into nights of revelry while savoring the chic ambiance and house special cocktails and canapes.
As one enters the property, they are welcomed by a lush green canopy of exotic plants. The main entrance beckons with a four-sided open bar, adorned with waterfall marble tops lit by warm yellow bulbs and hanging glasses. At the heart of The Swinton House is The Yard, the ground-zero restaurant where international modern cuisine harmoniously merges with the scrumptious flavors of the decadence of Rajasthan. Divided into three distinct areas, The Albion caters to diverse tastes. The cozy family room, replete with big Chesterfield sofas and round tables against dark green accented walls, provides an intimate dining experience. As you venture further above, you enter The Albion, a space for after-hours replete with private areas, bold interiors and a special Asian food menu.
The Swinton House brings well-traveled guests a diverse culinary offering that intertwines modern world cuisine with the essence of India’s diverse gastronomy. This blend has been meticulously perfected over the years, capturing the essence of traditional and contemporary tastes. Chef Prince Beniwal’s passion for exploring and incorporating regional Indian flavors into global dishes has led to a menu that is both innovative and respectful of its roots; some signature dishes include Moroccan Chicken Kebabs, Cottage Cheese Mousse Nest with Pickled Kataifi, London Fog Run Tiramisu and more.
The bar at The Swinton House is an embodiment of innovation and tradition, taking guests on a journey across varied flavors and spirits. The menu has been crafted by the in-house mixologist Ankur who hails from Himachal Pradesh. The signature cocktails are a testament to Ankur’s skills, each a unique story in a glass. He takes pride in using locally sourced ingredients and global spirits and infusing his creations with a hint of Jaipur’s charm. Trendsetting concoctions include Disco Jamun, Vetiver Coffee Highball, and more.
Ecstatic about the launch, Sagar Nagpal & Mohit Gurnani, co-founders of The Swinton House said “The Swinton House sets itself apart with its commitment to curating bespoke experiences that elevate the senses. The culinary offerings are a perfect amalgamation of familiar flavors and avant-garde techniques, creating a symphony of tastes that will tantalize discerning palates. Guests can expect a regal twist on world-renowned delicacies, promising a gastronomic adventure like none other. The meticulously restored colonial property serves as a canvas for the seamless fusion of heritage and modernity, offering a captivating backdrop for every visitor.”
The Swinton House promises not just a dining experience but a journey into elevated culinary excellence. With its Victorian-inspired interiors, exquisite menu, and crafted cocktails, The Swinton House invites patrons to savor the finest in gastronomy and mixology, creating memories that linger beyond the dining table.
