9, Jan 2024
IMDb Announces the Most Anticipated Indian Movies of 2024
Bengaluru, India—January 9, 2024—IMDb (www.imdb.com), the world’s most popular and authoritative source for information on movies, TV shows, and celebrities, today unveiled the Most Anticipated Indian Movies of 2024 as determined by the actual page views of the hundreds of millions of monthly visitors to IMDb worldwide.
Hrithik Roshan, the lead actor of Fighter (the No. 1 most anticipated movie of 2024) said, “It’s an incredibly positive update that Fighter is the most anticipated Indian movie of 2024, as per IMDb. The response to Fighter’s teaser and songs has been extraordinary, and we hope to deliver a wholesome cinematic experience for our viewers on January 25, 2024. See you at the movies this Republic Day eve!”
IMDb Most Anticipated Indian Movies of 2024*
Fighter
Pushpa: The Rule – Part 2
Welcome to the Jungle
Singham Again
Kalki 2898 AD
Bagheera
Hanu Man
Bade Miyan Chote Miyan
Kanguva
Devara Part 1
Chhaava
Guntur Kaaram
Malaikottai Vaaliban
Merry Christmas
Captain Miller
Thangalaan
Indian 2
Yodha
Main Atal Hoon
Jigra
*Among the Indian movies with planned releases in 2024, these titles were consistently the most popular with IMDb users, as determined by the actual page views of the hundreds of millions of monthly visitors to IMDb worldwide.
It is noteworthy that among the 20 titles on the IMDb list, nine are Hindi movies, five are Telugu, four are Tamil, one is Malayalam, and one is a Kannada movie. Deepika Padukone stars in three of the top five movies on the list: Fighter (No. 1), Singham Again (No. 4), and Kalki 2898 AD (No. 5). She also ranked No. 3 on the recently announced IMDb Most Popular Indian Stars of 2023 list. Four titles on the list are sequels or parts of popular franchises: Pushpa: The Rule – Part 2 (No. 2), Welcome to the Jungle (No. 3), Singham Again (No. 4), and Indian 2 (No. 17).
IMDb customers can add these and other titles to their IMDb Watchlist to get alerts when they become available.
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- By Rabindra
9, Jan 2024
MSI Unveils Waves of AI-Ready Laptops & Its First Gaming Handheld at CES 2024
New Delhi, January 9th 2024 – With the zeitgeist of AI technology taking the world by storm, MSI, a world-leading premium laptop brand, has taken it in stride through its professionalism over luxurious aesthetics, extreme performance and innovative technology. Announcing the latest AI-powered laptops lineup, with the NPU(Neural Processing Unit) built-in Intel® Core™ Ultra processor. MSI has also introduced its pioneering gaming handheld device, Claw, the first handheld equipped with the Intel Core™ Ultra Processor. Additionally, MSI has launched a series of 18” laptops featuring Intel® 14th Gen HX-series processors and the largest vapor chamber thermal modules, aiming to be the most powerful on the planet. The lineup also expands the use of 14th Gen HX-series processors across its new mainstream gaming and creator models, all equipped with the full power of RTX 40 series graphics and class-leading 6 vents for heat dissipation, providing immersive gameplay & smooth creation to users.
“We are excited to delve into AI, especially with how prevalent it is today,” said Eric Kuo, the Executive Vice President & NB BU GM of MSI. “MSI strives to stay ahead of the curve, and with our new AI-powered laptops, we are further establishing ourselves as a brand heeding our customers’ needs.”
“We’re proud to partner with MSI to deliver unparalleled experiences for users around the globe. The new MSI Claw is an exciting new gaming handheld powered by an Intel Core Ultra processor that provides an unparalleled gaming experience to be enjoyed anywhere, anytime. And, the MSI Titan 18 HX, powered by our new Intel Core 14th gen HX processor, offers some of the most immersive mobile gameplay experiences possible. With the launch of these new processors we are providing gamers, creators and professionals the compute performance they need and expect from Intel and MSI.” – Michelle Johnston Holthaus, Executive Vice President and GM, Client Computing Group, Intel
Intel® Core™ Ultra: Built for Sustained AI Workloads
The latest MSI Laptops, powered by the new Intel® Core™ Ultra processors, are designed for sustained AI workloads. These processors feature a dedicated Neural Processing Unit (NPU) optimized for AI tasks and are built on the brand new Intel 4 process node. The Core™ Ultra’s Low Power Efficient (LPE) cores ensure minimal power usage for routine tasks, enhancing battery life. Additionally, the integration of ARC™ graphics in the Core™ Ultra offers more than double the graphical performance per watt compared to previous generations, supporting not only standard office applications and streaming but also light content creation and gaming.
Intel® Core™ i9 Processor (14th gen HX-series): Built for Fast Response AI Workloads
MSI introduces a new series of high-performance laptops equipped with the 14th gen Intel® Core™ HX-series processors, the most potent mobile processors to date, ideal for AI workloads requiring quick response, light weight, and low latency. These processors reach an unprecedented 5.8 GHz clock speed, the highest in mobile processors. Further enhanced with the exclusive Intel® Application Optimizer for thread optimization in gaming, these MSI laptops offer unparalleled performance for immersive gaming and demanding content creation.
NVIDIA® GeForce RTX™ GPU: Built for Performance-demanding AI
NVIDIA® GeForce RTX™ inside MS Laptops are built for the era of AI. Powered by NVIDIA’s industry-leading Ada Lovelace architecture, RTX GPUs feature AI-powered DLSS 3 and deliver lifelike virtual worlds through full ray tracing capabilities. The specialized AI Tensor Cores deliver cutting-edge performance and transformative capabilities for AI in gaming, creating, everyday productivity, and more. With RTX, you unlock the full potential of AI on Windows PCs today and in the future.
MSI AI Software Suite: AI Engine, AI Artist, & AI Noise Cancellation Pro
MSI is not just embracing AI-ready hardware but also launching exclusive AI-driven software, marking its commitment to the AI era. The AI Engine enhances user experience by automatically optimizing laptop settings such as display, audio, power profiles, and keyboard backlight based on the application used, ensuring immersive entertainment and efficient content creation.
The AI Artist, a rare offline text-to-image service, eliminates network latency and data leakage risks and utilizes the performance of the powerful laptops, offering additional features like image-to-image, image-to-text, and exporting layered PSD files for Photoshop editing, greatly boosting productivity for content creators.
Additionally, the AI Noise Cancellation Pro, which merges advanced microphone hardware with AI-powered noise cancellation software, delivers studio-quality voice for remote meetings or professional recording, even in noisy environments, with customizable microphone pickup positions.
New 18-inch Gaming Laptops Family: Titan 18 HX/ Raider 18 HX / Stealth 18 AI Studio
MSI proudly introduces its newly designed 18-inch gaming laptop family, featuring the dual CES award-winning Titan 18 HX, the extreme performance powerhouse Raider 18 HX, and the lightweight 18-inch gaming laptop Stealth 18 AI Studio. To showcase extreme performance, both the Titan 18 HX and Raider 18 HX are equipped with top-notch Intel 14th gen Core™ i9 processors and NVIDIA® GeForce RTX™ 40 Series graphics, while the Stealth 18 AI Studio boasts the latest Intel Core™ Ultra processors. Furthermore, the Titan 18 HX features the biggest new vapor chamber cooler thermal solution in the market and supports MSI OverBoost Ultra, delivering an industry-first 270W total power, while the Raider 18 HX provides an impressive 250W full total power.
In delivering an immersive gaming experience, the Titan 18 HX, Raider 18 HX, and Stealth 18 AI Studio all feature a brand-new 18-inch large display for a borderless gaming horizon. Standout features include the world’s first 18-inch 4K 120Hz mini LED display, offering ultra-high resolutions, DisplayHDR 1000, and wide color gamut coverage for a vivid, lifelike gaming experience.
Every model in the lineup, including the Titan 18 HX, Raider 18 HX, and Stealth 18 AI Studio, features a fresh product design. The Titan 18 HX highlights a user-centric approach with the world’s first Seamless RGB Haptic Touchpad and a revamped Cherry Switch Mechanical Keyboard. The Titan 18 HX features four sets of expansion memory slots, the total capacity can be extended to an impressive 128GB. Additionally, it includes three M.2 SSD slots, providing a storage capacity of up to 12TB. The redesigned Raider 18 HX boasts the iconic matrix light bar and a new 3D stand to optimize cooling airflow, enhancing overall performance. The Titan 18 HX and Stealth 18 AI Studio stands out for its construction with a magnesium-aluminum alloy, ensuring durability and a sleek aesthetic, making the Stealth 18 AI Studio the lightest 18-inch gaming laptop available in the market.
World’s first Meteor Lake-powered gaming handheld: Claw
MSI proudly introduces the Claw, a groundbreaking handheld gaming device that marks a new era in portable gaming experiences. Powered by Intel Core™ Ultra processors and featuring Intel XeSS technology, it significantly enhances FPS, ensuring a smooth and immersive gameplay experience even on AAA titles. The Claw is equipped with MSI Cooler Boost Hyperflow thermal technology, the intraflow thermal design redirects the airflow to cool the internal components, ensuring optimal gaming performance even in the palm of your hand.
The MSI Claw sets a new standard with its large 53Whr battery capacity, the largest in its class, providing an impressive 2-hour battery life under full workload conditions. This allows gamers to enjoy extended sessions without worrying about running out of power.
Featuring the all-new user-friendly UI design, MSI Center M, the Claw provides an intuitive platform for easy access to essential features and settings. The quick game launcher and instant platform access streamline the installation and downloading process. The Claw also supports MSI APP Player, offering not only Windows games but also access to Android mobile games.
Ergonomically-tailored for comfort and precision, the Claw is designed to fit the natural contours of your grip, providing an intuitive gaming experience for hands of all sizes. Boasting a 7-inch Full HD touchscreen display with a refresh rate of up to 120 Hz, the MSI Claw ensures a visually stunning and responsive gaming environment.
“In our commitment to enhancing the gaming experience for our users, we aim to address market pain points and dedicate efforts to handled space,” said Eric Kuo, the Executive Vice President & NB BY GM of MSI. “We have fine-tuned specific designs tailored exclusively for gamers, debuting out very first handled, Claw, which redefines the standard in the handheld market.”
Full Power Gaming Laptop: Vector HX/ Crosshair HX/ Pulse AI
The new Vector 16/17 HX, Crosshair 16/17 HX, and Pulse 16/17 AI all released with full GPU power, offering gamers an uncompromised performance experience. Notably, the Vector 17 HX is equipped with MSI Overboost technology, providing a total power output of 250W for unprecedented gaming capabilities. MSI’s new Crosshair HX and Pulse AI series laptops feature a total of 6 exhaust and 2 intake ports. This innovative thermal design enhances the airflow to ensure optimal performance.
The Crosshair 16/17 HX and Pulse 16/17 AI models showcase MSI’s commitment to cutting-edge design, featuring a brand-new aesthetic with a 24-zone RGB keyboard backlight that elevates the gaming environment with stylish illumination. The Crosshair 16/17 HX stands out with its futuristic spacecraft pattern, while Pulse 16/17 AI introduces a groundbreaking electromagnetic pulse pattern, reflecting the future of laptop design, where style and innovation harmonize in a pulsating synergy.
For Mainstream Gamer: Sword HX/ Cyborg/ Thin 15
MSI has expanded its gaming laptop lineup for the mainstream. The Sword 16/17 HX, in space grey with PCR materials, offers an immersive gaming experience and a 24-zone RGB backlit keyboard. The Cyborg 15 AI, with the latest Intel Core™ Ultra processor, boasts a futuristic translucent chassis for style and performance. The Thin 15, in cosmos grey, presents a sleek gaming option with a portable design and a translucent WASD blue backlit keyboard. MSI’s diverse selection includes the Cyborg 14, an accessible 14-inch alternative for users seeking both style and functionality.
Thin and Powerful Productivity: Prestige 16 AI/ Prestige 14 AI/ Prestige 13 AI
Introducing the Prestige AI series, powered by the latest Intel Core™ Ultra processors. Leading the lineup is the ultralight Prestige 16 AI, weighing only 1.5kg. Crafted with a magnesium-aluminum alloy, it houses a robust 99.9WHr battery for a remarkable 19hrs battery life. The Prestige 14 AI follows suit with a thin and powerful design, featuring the largest battery (90Whrs) in the 14-inch class. Both models, available in 16-inch and 14-inch versions, support up to PD 3.1 140W Charging for long-lasting productivity.
Certified by Intel Evo and Nvidia Studio, the Prestige 16 AI and Prestige 14 AI series combine high performance and lightweight portability. Incorporating the NVIDIA® GeForce RTX™ 40 series Laptop GPU, these laptops deliver top-notch performance for creative applications. The Prestige 13 AI Evo, an ultralight powerhouse at 990g, boasts a remarkable 75WHrs battery, up to 50% larger in capacity compared to similar laptops. Both the Prestige 16 AI and Prestige 13 AI Evo feature stunning 16:10 OLED displays with 100% DCI-P3 Color gamut coverage for true-to-life visual excellence.
Made for Content Creators: Content Creation Series
MSI has also refreshed its content creation product line with the new Creator Z17 HX Studio, Creator 16 AI Studio, Creator M14, and Creator M16 HX. The Creator Z17 HX Studio featuring a vapor chamber cooler thermal design that positions it as the most powerful content creation laptop in the lineup. The brand-new Creator 16 AI Studio also features a 16:10 OLED display, enhancing the visual experience, and ensuring creators can bring their visions to life with unparalleled accuracy. Weighing less than 2 kg, the Creator 16 stands as a portable powerhouse and is an ideal solution for creative professionals who require an easy-to-carry laptop. Expanding the range of choices for content creation laptops, MSI introduces the Creator M14 and Creator M16 HX. These additions provide creators with a wider selection, catering to diverse preferences and requirements in the content creation space.
MSI persists in expanding its laptop portfolio, pushing the limits of both extreme performance and aesthetic design. The introduction of brand-new AI laptops, coupled with MSI’s exclusive AI features, marks a significant step forward, ushering individuals into the AI era of computing.
9, Jan 2024
Supply Chain Management Centre at IIMB hosts the Eighth Biennial Supply Chain Management Conference
The conference, themed on ‘Innovative Strategies for Sustainable and Digital Supply Chains’, was aimed at academic researchers and industry practitioners in the fields of Operations and Supply Chain Management
09 JANUARY, 2024, Bengaluru: The Supply Chain Management Centre, a Centre of Excellence at IIM Bangalore, hosted the Eighth Biennial Supply Chain Management Conference at the campus today. Centred around the theme, “Innovative Strategies for Sustainable and Digital Supply Chains”, the two-day conference fosters industry and academia collaboration through keynote sessions, paper presentations and sector-centric insights.
Delivering the inaugural keynote speech at the event, Mr. M S Ganesh, General Manager, Capacity Supply Chain & Provisioning at Microsoft Azure said, “In the realm of supply chain management, a seamlessly connected and intelligent ecosystem, driven by digitalization and AI advancements, forms the bedrock of innovation and profitability. The industry is witnessing an exponential surge in the availability of data and the pace of innovation, with digital transformation emerging as the driving force behind significant growth. However, the challenge lies in fostering sustainable growth amidst this rapid digital evolution.
He adds, “Sustainability emerges as a crucial facet in the supply chain management narrative. The utilization of state-of-the-art infrastructure and equipment, while propelling efficiency, leaves a discernible carbon footprint. Recognizing this environmental impact, the industry is leveraging vast datasets collected from millions of users to discern and adopt alternative sustainable modes. This comprehensive approach aims not only to optimize operational efficiency but also to conscientiously reduce carbon emissions.”
The conference delved deeper into the various facets of supply chain management especially in the digital space and encouraged participants to exchange insights, share best practices and participate in research presentations. The conference provided a platform to academic researchers and industry practitioners in the fields of Operations and Supply Chain Management.
On Day One, the inaugural keynote was delivered by M S Ganesh, General Manager, Capacity Supply Chain & Provisioning, Microsoft Azure, and Dr. Milind Dawande, Mike Redeker Distinguished Professor, Operations Management, Naveen Jindal School of Management, The University of Texas at Dallas. Day Two featured keynote speaker Dr. Saravanan Kesavan, Professor of Operations and Sarah Graham Kenan Scholar, Kenan-Flagler Business School, University of North Carolina at Chapel Hill.
The Conference Chairs were Prof. Tarun Jain, Chairperson and faculty, Production & Operations Management area and Chairperson, Supply Chain Management Centre, IIMB, and Prof. Abhinav Anand of the Finance & Accounting area, IIMB. Dr. Aditya Gupta, Chief Operating Officer, Supply Chain Management Centre, IIMB, is the Conference Coordinator.
9, Jan 2024
Panasonic introduce the LUMIX S 100mm F2.8 MACRO (S-E100) lens
India, 9th January 2024: Panasonic Corporation today introduced the LUMIX S 100mm F2.8 MACRO (S-E100) lens based on the L-Mount system standard.
With a new optical design and a newly developed Dual Phase Linear Motor, the new LUMIX S 100mm is the world’s smallest and lightest* medium-telephoto fixed focal length macro lens, weighing approximately 298g. This lightweight, compact design allows for unrivalled mobility and flexibility in a variety of shooting scenarios. Benefitting from a new focus mechanism, the lens achieves superior tracking performance with fast and precise autofocus.
In addition to close-up life-size photography with its 100mm focal length, the new lens produces impressive portraits unique to medium-telephoto lenses, using its large aperture to capture images in high resolution with stunning bokeh.
Moreover, the lens operates silently, thanks to the newly developed linear motor, and focus breathing is suppressed, making it ideal for capturing video. It also offers micro-step aperture control for smooth exposure changes, as well as the ability to choose between linear or nonlinear focus ring settings. These features have become hallmark characteristics of LUMIX S Series lenses.
Key Features
The World’s Smallest and Lightest* Medium-Telephoto Fixed Focal Length Macro Lens
Advanced compact optical design featuring a new Double Focus System and a newly developed Dual Phase Linear Motor.
Suitable for use in wide range of shooting situations thanks to its excellent mobility, such as close-up life-size photography or portraits unique to medium-telephoto lenses.
High Resolution and Outstanding Photographic Performance with Fast and Precise Auto Focus
Boasts high resolution and superior photographic performance in every area, from the center of the image to the edges
Faithfully captures every detail of the subject while creating bokeh unique to medium-telephoto macro lenses
Fast and precise autofocus performance with excellent moving subject tracking and silent focusing
Enhancements in focus ring detection and control enable more precise focusing when shooting macro photography
Optimal Video Functionality for Video Production
Silent operation thanks to a newly developed Dual Phase Linear Motor
Effectively suppresses focus breathing, in which the angle of view changes caused by movements in the focus position
*As of January 8, 2024. Among interchangeable lenses for AF-compatible full-frame mirrorless cameras, and macro lenses with a magnification ratio of 1:1 with a focal length of 90mm or more.
• L-Mount is a trademark or registered trademark of Leica Camera AG.
• Design and specifications are subject to change without notice.
9, Jan 2024
Aptia, Leading New Pensions and Employee Health and Benefits Specialist
India – January 9, 2024 – Aptia (the “Company”), a dedicated pension, health and benefits administration specialist, today announced its formal launch with 1,100 global clients to support more than 7 million people with health and wealth administration. Aptia was formed by the acquisition of the UK pension administration and U.S. health and benefits administration segments of Mercer, a business of Marsh McLennan (NYSE: MMC), by Bain Capital Insurance with participation from Bala Viswanathan, Founder & Group CEO, and Dominic Burke, Founder & Group Chairman.
Aptia represents the combination of the largest pensions administrator in the UK and one of the most trusted health and benefits administration platforms in the U.S. This uniquely enables the Company to launch as a leading business with significant scale, resources, deep technical expertise, proven solutions, and key insurer relationships. The transaction included more than 3,500 employees across the UK, U.S., India, and Portugal that provide specialist solutions that are focused on the skills and technology that clients require to manage the health and wealth administration for their employees, members, and policyholders.
Aptia is led by Viswanathan, Burke, and a highly experienced management team. In preparation for its global launch, Aptia has bolstered this team with a series of senior appointments, welcoming leading specialists with expertise in financial services, operations, and technology, including Mike Methley as Group President and Chief Administration Officer, Chris Rayner as Group Chief Financial Officer, Imran Ali as Group Chief Information Officer, Melissa Hetherington as Group General Counsel and Company Secretary, R K Rangan as the Chairman and President India and Roopa Abraham Kochar as Chief People Officer.
“In a highly complex and underserved market, we are excited to launch a global specialist business that has a team with an unrelenting focus on client service and technological advancement,” said Viswanathan. “Aptia is committed to raising standards and providing our clients with fresh perspectives and insights. Our solutions, which are delivered by teams trusted by some of the world’s largest employers, will deliver real value to clients and their employees, members, and policyholders.”
“Because we are launching with an experienced team and established platforms, we have a unique ability to help clients navigate the complexities inherent in delivering efficient pensions and benefit administration,” added Burke. “At the heart of Aptia’s strategy is a deep commitment to investing in our greatest assets – our people and our technology. By doing so, we position ourselves for the future, ensuring our ability to deliver forward-thinking and reliable solutions.”
The transaction was previously announced in June 2023. Bain Capital Insurance is investing in Aptia to support and to scale its mission to build a leading platform that utilizes innovative technology and deep specialist expertise to deliver high-quality, reliable service to clients worldwide.
India Context to the announcement:
Aptia, formed through the acquisition of Mercer’s U.S. health and benefits administration businesses and its U.K. pension administration business, has officially launched, bringing its deep expertise and innovative technology to 1,100 clients and supporting 7 million people globally.
Aptia currently employs 1,500 in India, across offices in Mumbai, Pune, Gurugram and will recruit 60 more at a senior level in areas such as HR, Finance, Legal, Risk and Compliance.
Aptia’s senior leadership team is available to you to discuss these topics, the ambitions for the business, ‘why now’, and much more.
Mr. RK Rangan, Chairman of Aptia Group (India), said: “India holds a central position in the global landscape for enhancing capabilities across various sectors. As Aptia charts its journey to become a leading authority in global pensions and employee benefits, our base in India plays a pivotal role in driving organizational growth. The operations in India are set to solidify our position as a seamlessly integrated global administration provider, driven by principles of exceptional services and conscientious innovation. With strong capabilities at our disposal, we eagerly anticipate guiding a promising future for the 7 million individuals relying on us for their well-being.”
9, Jan 2024
Master the Art of goal setting and create a great 2024 with India’s Foremost Coach, Gaurav Bhagat
Noida, 09th January 2024: The ITC Fortune Grazia in Noida witnessed an extraordinary convergence of sales enthusiasts, professionals, and students today for the much-awaited Rule 2024 Masterclass Workshop, presented by the Gaurav Bhagat Academy.
With an aim to empower one’s journey from tiny to 10X wins in the realm of not only sales but life, the workshop featured one of India’s leading Sales Coach and Trainer, Mr. Gaurav Bhagat. Renowned as the sole licensee of Grant Cardone’s Way of 10X in India, Bhagat is celebrated for his expertise in transforming individuals into dynamic professionals.
This edition of Rule 2024, a brainchild of Bhagat, unfolded as an enriching experience, delving into the intricacies of crafting a phenomenal 2024. All the participants began their journey with morning tea and networking, setting the tone for a day full of immersive learning and splendid conversations towards achieving the power of the 10X formula.
Speaking about the third edition of Rule 2024, Gaurav Bhagat, Leading Sales Coach, Trainer and Founder of The Gaurav Bhagat Academy, said, “The Rule series of workshops happen only once a year and is our most impactful for creating lasting change for our participants”.
Rule 2024 aimed to unlock the 10X mastery plan for a phenomenal year ahead. It was inspiring to witness individuals transform their vision and strategies for a successful 2024. The Rule 2024 workshop is not just an event; it’s a journey toward unlocking your ultimate success.
The workshop featured two in-depth sessions, each followed by engaging lunchtime conversations. Attendees had the unique opportunity to reflect on the strategies that did not work in 2023 and gained insights into charting a successful course for the upcoming year. The event provided ample opportunities for professionals to connect and share experiences during tea breaks and a dedicated networking session with Gaurav Bhagat himself.
The evening session was another high point, culminating in a third impactful session. As the day progressed, attendees witnessed a prize-giving ceremony, recognizing outstanding contributions and achievements. The day concluded with a photograph gala, capturing the camaraderie and shared commitment to achieving monumental success in 2024.
9, Jan 2024
Wardwizard Foods and Beverages Limited Showcases Diverse Product Range
Vadodara, January 09, 2024: Wardwizard Foods and Beverages Limited is proud to announce its active participation in the ongoing Indus Food, 7th Edition, hosted at the India Exposition Mart, Greater Noida, NCR, from January 8th to 10th, 2024.
Indusfood, South Asia’s most prestigious F&B trade show is a premier F&B expo in India and boasts participation from over 1,200 world-class buyers representing 85 countries, engaging with more than 550 Indian exhibitors. The event offers countless opportunities—engaging interactions, networking prospects, and the chance to spotlight the Company’s distinctive approach to culinary innovation.
At the Indus Food, Wardwizard Foods and Beverages Limited is showcasing its comprehensive product lineup, prominently featuring QuikShef (Ready-to-Eat, Condiments & Sauces, Spices), Snack Buddy (Ready-to-Eat, Condiments, Sauces & Dressings, Seasonings, Frozen Products), and WOL Energy Drink, with a strategic focus on the Export Market, particularly emphasizing Horeca Frozen Food.
The company is showing its latest offerings and Clean Label Sauces, symbolizing a commitment to innovation and market responsiveness. Observing the overseas demand for Clean Label Products, the Company will display the exclusive Clean Label Range to a wide audience. Additionally, Wardwizard Foods and Beverages Limited takes pride in announcing that its revolutionary product, Clean Label Tomato Ketchup, has been shortlisted for display at the prestigious Indusfood Innovation Zone (IIZ). This Zone serves as a platform to showcase ground-breaking advancements and pioneering solutions. Wardwizard Foods and Beverages Limited believes that their Clean Label Tomato Ketchup perfectly embodies the innovation ethos championed by this platform.
Speaking about this event, Mrs. Sheetal Bhalerao, Chairperson, and Managing Director of Wardwizard Foods and Beverages Limited, stated, “We are happy to participate in Indus Food 7th Edition, which provides us with a platform to cater to the diverse global audience. Observing the increasing trend of Indian products overseas and our commitment to innovation & quality, we have tailored products that meet the dynamic preferences of global consumers. Additionally, our presence at the Indusfood Innovation Zone reinforces our pursuit of excellence. We look forward to amplifying global recognition and appreciation for the diverse flavors of Indian cuisine through our unique product offerings in both Retail and HORECA Segments.”
Wardwizard Foods and Beverages Limited cordially invites visitors, potential partners, and industry stakeholders to explore their diverse product portfolio at Hall No. 14, Booth No. T21, from 10:00 am to 6:00 pm. Experience first-hand the innovation that defines the company’s commitment to excellence.
9, Jan 2024
EdTech Leader PowerSchool makes substantial infrastructure investment in India
Mumbai, 9th January 2023: PowerSchool, a global leader of cloud-based software for K-12 education, is gearing up for strategic expansion in the Indian market. PowerSchool aims to expand the India-based employee base to 2,000 personnel within the next 3 to 5 years which represents an expansion of their current existing workforce of 1,300 in India. To accommodate this investment commitment, PowerSchool has augmented its Bengaluru headquarters by significantly expanding space for their cutting-edge Centre of Excellence (CoE) from the current 75,000 sq. ft. to 112,000 sq. ft. with an investment of nearly 40 crores. PowerSchool also plans to expand its Chennai office in 2024. This move is in alignment with PowerSchool’s robust growth strategy for the India-based education technology sector.
The CoE is aligned with PowerSchool’s commitment to empower educators to help every student learn in a way that’s right for them. The CoE will be focused on bringing the latest technology into PowerSchool’s edtech products to address different challenges faced by educators and improve student learning outcomes. Hiring is planned across all PowerSchool business units in India to elevate R&D, product innovation, customer service & success, marketing, and sales functions. Some of the key technology-focused positions to be added include Data Scientists and Artificial Intelligence / Machine Learning (AI/ML) experts. The future-focused positions will support PowerSchool’s plans to integrate AI functionality that enables educators to unlock the untapped potential of personalized education.
Earlier this year, PowerSchool acquired Jarulss Software Solutions Private Limited, also known as Neverskip, a Chennai-based enterprise resource planning (ERP) software company, to strengthen PowerSchool’s India business and expand its reach to more than 900 schools and 1.2 million students in India. PowerSchool also specializes in providing a leading learning management system (LMS), PowerSchool Schoology Learning, to some of the top schools in India.
Sharing his views on the development, Mr. Hardeep Gulati, Chief Executive Officer of PowerSchool, said, “India is a critical part of PowerSchool’s global strategy, and we envision a robust future in this region. Our strategic focus will be on leveraging local talent, fostering innovation, curating cutting-edge technology solutions, and contributing to the growth of the education technology landscape and student achievement overall. The expansion of our new Centre of Excellence in Bengaluru not only reflects our commitment to the Indian market but also serves as a strategic hub for our expansion plans in the Middle East, Africa, and South Asia. We will be responsibly growing the PowerSchool team in India in the coming years.”
Mr. Apoorav Nischal, Managing Director and Country Head, PowerSchool India, added, “Our hiring focus in India will be multifaceted, with 50% emphasis on bolstering our capabilities distributed across various functions. Looking ahead, we are committed to fostering AI/ML skills, which are integral to our product innovation strategy and will play a crucial role in shaping the future of education technology. We have invested in this new CoE which is thoughtfully designed keeping in mind PowerSchool’s collaborative work culture and evolving industry requirements, creating a symbiotic and sustainable working ecosystem for all. Additionally, we will also be looking into the expansion of Chennai office space in the near future.”
PowerSchool, recognized recently by Great Places to Work in India, currently serves over 50 million students across 90+ countries. Their intuitive LMS, Schoology Learning, is used today by millions of students globally. With a public markets valuation of over $4 billion, and revenues expected to reach approximately $700 million in 2023 and growing to $1 billion by 2026, PowerSchool has proven financial stability and a strong growth trajectory.
9, Jan 2024
IndiGrid executes definitive agreements to acquire 300 MW (AC) solar assets.
Key Highlights
· IndiGrid has executed share purchase agreement to acquire ReNew Solar Urja Private Limited from ReNew Solar Power Private Limited which operates 300 MW (AC) of solar project.
· IndiGrid’s portfolio will cross 1 GW peak capacity of operating solar assets with this acquisition.
· Acquisition to be done at an Enterprise Value (EV) of INR 1,550 crores; EV including net working capital and cash will be at ~INR 1,650 crores. The acquisition consummation is subject to requisite regulatory approvals.
Mumbai, Monday, 9th January 2024: IndiGrid [BSE: 540565 | NSE: INDIGRID], India’s first listed power sector infrastructure investment trust (InvIT), today announced that it has signed a share purchase agreement with ReNew Solar Power Private Limited (RSPPL) to acquire their asset ReNew Solar Urja Private Limited (RSUPL) at an enterprise valuation of INR 1,550 crores. The valuation, including net working capital and cash, will be ~INR 1,650 crore. Additionally, there will be an earn-out related to Change-In-Law (CIL) in Basic Customs Duty (BCD) & GST, to be paid to RSPPL as and when the first payment is realized. In line with the terms of the definitive agreements and the Power Purchase Agreement (PPA), along with the lock-in restrictions therein, IndiGrid will acquire 100% shareholding and management control of RSUPL, subject to requisite regulatory approvals.
Operational since December 2021, RSUPL is a 300 MW (AC) solar generation asset located in Jaisalmer, Rajasthan with a 25-year Purchase Power Agreement (PPA) with Solar Energy Corporation of India (SECI) to sell power generated at tariff of INR 2.71 per unit. The project has been operational and revenue generating for ~2 years and the balance term of PPA is ~23 years. It fits well with IndiGrid’s strategy of holding operational and revenue generating assets till maturity.
RSUPL is a strategic addition to IndiGrid’s portfolio as it would be the largest capacity project located at a single site for the company. With this acquisition, IndiGrid’s peak solar capacity will cross 1 GW of operating solar assets and the total Assets Under Management (AUM) of ~INR 285 billion.
Commenting on the acquisition, Harsh Shah, Chief Executive Officer, and Whole Time Director of IndiGrid, said, “India is witnessing a steep increase in its power demand to fuel its rapid economic growth. In view of India’s focus on energy transition, we are confident of the strategic value of renewable energy projects in the coming decades. RSUPL is a high-quality solar generation asset located in one of the highest irradiation regions of India with reasonable operating track record. In-line with our strategic focus, RSUPL will help us ensure sustainable growth of our portfolio and aid in long-term cash-flow addition.”
During the first 9 months of this fiscal, IndiGrid has done equity fund raising to the tune of ~INR 1,050 crore through preferential allotment and institutional placement. This has paved growth headroom for the company of ~INR 6,000 – 7,000 crores at a leverage threshold of 70% as per SEBI InvIT Regulations.
This acquisition will be funded through a combination of equity, internal accruals, and debt. The net debt/AUM will be ~62.5% post this acquisition, leaving adequate headroom for future growth.
9, Jan 2024
“Emerging Business Trends: Evaluating Prices, Frameworks, and Strategic Maneuvers in Startup Integrations”
Karan Gupta – Co-Founder and Director at KAPSO
In the dynamic landscape of startup integrations, 2024 is poised to be a year of transformative change, driven by evolving pricing strategies, innovative frameworks, and strategic maneuvers. This article delves into these emerging trends, drawing insights from recent studies and case examples.
1. The Rise of Fintech M&A and Roll-Ups
The fintech sector is witnessing a surge in mergers and acquisitions (M&A), as highlighted in a Forbes article. This trend is partly fueled by the need for startups to scale rapidly and acquire complementary technologies. However, the impending bankruptcy of Thrasio, a prominent player in the space, serves as a cautionary tale. It underscores the importance of a well-thought-out M&A strategy where the combined entity is greater than the sum of its parts.
2. Programmatic M&A: A Tech-Driven Evolution
As per insights from Spiceworks, programmatic M&A, characterized by making multiple acquisitions per year, is becoming a preferred growth strategy. This approach, powered by modern technology, enables companies to establish best practices and gain access to new markets without overextending resources. However, the high failure rate of M&A (60-70%) necessitates a cautious approach, emphasizing the need for robust due diligence and integration planning.
3. Pricing Strategies in M&A
Pricing remains a critical factor in the success of M&A. A fair price balances the value created against the value paid. As startups often base their M&A on the promise of “synergies” and operational efficiencies, it’s crucial to account for the uncertainties associated with these expectations. The transaction price should reflect potential risks and the time required for synergies to materialize.
4. Incentives and Deal Structures
The alignment of incentives is vital in M&A transactions. Sellers typically seek cash, while buyers aim to retain key talent and mitigate risks. Structuring a portion of the buyout as equity can keep sellers engaged post-acquisition. Additionally, earnouts can bridge valuation gaps, aligning expectations and outcomes.
5. Creating a Margin of Safety
Given the inherent risks in M&A, building a margin of safety is essential. This approach helps ensure that even if not all aspects of the deal go as planned, the overall outcome remains positive. For instance, Thrasio’s challenges with floating rate debt in a rising interest rate environment highlight the importance of considering financial risks in deal structuring.
6. Developing an M&A Playbook
A structured approach to M&A, encompassing ecosystem mapping, target prioritization, and diligent execution, is crucial. This playbook should not only focus on the acquisition process but also on deriving value from the integration. Effective inventory management and demand forecasting are key aspects of this phase.
7. Leveraging Modern Technology
The integration of SaaS tools in M&A processes has led to significant improvements. These tools facilitate better collaboration, comprehensive reporting, and enhanced security, thereby reducing risks and improving the quality of due diligence.
8. AI and the Future of M&A
Artificial Intelligence is set to revolutionize M&A strategies further. AI can assist in identifying potential targets, developing business cases, predicting risks, and generating best practice task lists. This technological advancement will likely streamline M&A processes, making them more efficient and effective.
Conclusion
The landscape of startup integrations in 2024 is marked by a blend of traditional strategies and innovative approaches. While the potential for growth and expansion through M&A is significant, it comes with its set of challenges. Companies must navigate these complexities with a balanced approach, leveraging technology and strategic planning to ensure successful integrations. As the sector continues to evolve, adaptability and foresight will be key to capitalizing on these emerging business trends.
About the Author
Karan Gupta – Co-Founder and Director at KAPSO with a vision to revolutionize the M&A landscape for SMEs in India. His journey from an engineer to a prominent figure in the business brokerage industry is marked by innovation, strategic leadership, and a deep understanding of the financial sector.
Since 2015, Karan has been pivotal in shaping KAPSO’s growth trajectory. Under his guidance, KAPSO has not only facilitated numerous successful M&A deals but also established itself as a trusted advisor in the SME sector.
