6, Feb 2024
An Upgrade to Retinol: Kriti Sanon with Unveils Next-Gen Formula
6th February 2024, India-wide release: HYPHEN, a high-performance skincare brand born out of the collaboration between industry leader PEP Technologies and Celebrity Entrepreneur Kriti Sanon, is making waves in the personal care industry with its diverse product portfolio. Renowned for simplifying skincare routines by hyphenating the power of nature and the potency of science, HYPHEN has now introduced the Retinal Reset Serum. Marking the brand’s first launch of the year, the Serum, available in 0.05% and 0.1% Encapsulated Retinal variants, stands as an unprecedented breakthrough in the Indian skincare industry.
What sets HYPHEN’s Retinal Reset Serum apart in a world where retinol has made its mark?
HYPHEN’s Retinal Reset Serum contains encapsulated Retinal, which acts up to 30% faster than regular retinol! The Serum is crafted meticulously with a unique blend of potent natural ingredients like Bakuchoil and Plant Stem Cells, along with active ingredients like Dipeptides, 2% Squalane, 10% Cica extracts, 7% antioxidant blend, and advanced scientific formulations to reset your skin’s clock and boost collagen production, promoting firm and radiant skin! The Serum is available in two variants, catering to both beginners and those accustomed to Retinoids:
0.05% Retinal Cream Serum Beginner – For someone just starting their retinoid journey, this is a gentle yet lightweight, non-sticky serum that reduces fine lines, preventing any early signs of ageing while boosting collagen up to 80% for firm skin, It also hydrates & soothes your skin with a high percentage of soothing natural ingredients
0.1% Retinal Cream Serum Pro – For people who have already been using retinoids, this serum is more potent and effective! It acts rapidly on minimising fine lines, preventing any early signs of ageing while boosting collagen up to 80% for firm skin. It also hydrates & soothes your skin with a high percentage of soothing natural ingredients
Having understood the pulse of the current generation, HYPHEN recognised the need to incorporate retinoids into skincare routines as early as the 20s. And acknowledging the evolving skincare needs of today’s discerning consumers, Kriti Sanon, Co-founder & Chief Customer Officer of HYPHEN, responded to the growing demand for Retinal over Retinol with the Retinal Reset Serum. She expressed, “Using retinoids in my night routine has been a game changer for me in the past 3 years! We at HYPHEN are excited to have created the Retinal Reset Serum with 0.05% & 0.1% Encapsulated Retinal. Unlike traditional Retinol, Retinal acts 30% faster, promising unparalleled benefits like an 80% boost in collagen while firming your skin, reducing fine lines, and so much more. If you haven’t started your Retinoid journey yet, it’s never too late to hyphen it to your routine!”
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- By Rabindra
6, Feb 2024
Approach Bollywood Launches Cutting-Edge Android App for Bollywood
Mumbai – Approach Entertainment, a dynamic player in the realm of Celebrity Management, Film Productions, Advertising, Corporate Films Productions, Films Marketing, Events, and Entertainment Marketing, proudly announces the launch of its revolutionary Android app – Approach Bollywood (www.approachbollywood.com). This groundbreaking app is set to redefine how enthusiasts access and engage with the vibrant world of Bollywood and the entertainment industry.
Approach Bollywood, a venture by Approach Entertainment, is a distinctive Bollywood Newswire and Content Platform that not only focuses on the dynamic trade and business news within the industry but also caters to a broad audience, providing comprehensive coverage for enthusiasts and industry professionals alike.
Approach Bollywood’s Android app is designed to provide a seamless and immersive experience for users seeking up-to-the-minute updates on the latest happenings in Films, TV, OTT, Music, and the broader entertainment landscape. The app promises to be a one-stop destination for multimedia content, catering to newspapers, magazines, TV channels, radio, apps, and all digital media platforms.
Founder Sonu Tyagi expressed his excitement about the venture, stating, “Having been entrenched in Films Productions and Celebrity Management for the past decade, we saw an opportunity to leverage our expertise and network in the Film Industry. The Approach Bollywood app will not only cater to the entertainment content requirements of various media but also serve as a dedicated portal for trade audiences within the films and entertainment industry and general public alike.”
The Approach Bollywood app is poised to be a comprehensive gateway to the world of entertainment, offering a rich tapestry of multimedia content. From enlightening articles and captivating videos to exclusive interviews, the app spans across the general and business facets of Films, TV, OTT, Music, and more. With an unwavering commitment to real-time updates, the newswire service ensures users are constantly informed about the latest industry developments. Approach Bollywood goes beyond the surface, providing behind-the-scenes insights into the latest trends and the business side of Bollywood.
The app guarantees authentic industry coverage through its Celebrity Management Edge, granting access to a diverse array of stars while upholding the highest standards of journalistic integrity. Going a step further, the app transforms into a dynamic platform, hosting business events and delving into branded content production with celebrities. Additionally, it ventures into the world of TV and digital channels, bringing its own exclusive shows to captivate audiences in the realm of film and entertainment.
The Approach Bollywood Android app aims to captivate a wide audience, providing content that appeals not only to avid movie buffs but also to professionals within the entertainment industry. As digital platforms continue to surge in popularity, Approach Bollywood is poised to deliver the best of the entertainment world to its users.
At the forefront of the Approach Entertainment Group stands Writer / Director & Producer Sonu Tyagi, a highly accomplished individual with professional qualifications in psychology, advertising, journalism, and filmmaking. Renowned as an award-winning writer, director, and producer, Sonu Tyagi has left an indelible mark on the entertainment landscape. Before venturing into the realm of entertainment, he accumulated extensive experience with leading advertising agencies and media houses in India. His journey began with the establishment of Approach Communications, a dynamic PR and integrated communications agency.
Building on his success, Tyagi went on to launch Approach Entertainment, a comprehensive company specializing in celebrity management and film productions. Recognizing the growing importance of authentic industry coverage, he introduced Approach Bollywood, a notable Bollywood and entertainment newswire. Sonu Tyagi, in his spiritually inclined nature, has also steered the charitable spiritual organization Go Spiritual India.
Adding to his prolific portfolio, the award-winning writer/director/producer, Sonu Tyagi, has recently co-produced a spiritual web series titled “Two Great Masters” under the banners of Approach Entertainment and Go Spiritual India. This venture showcases his versatile expertise and commitment to exploring diverse facets of the entertainment industry.
Recognized with multiple accolades, Approach Entertainment has earned The Biz India 2010 Award from the World Confederation of Business, the Service Excellence Award from the Worldwide Marketing Organization, and the prestigious PR Company of the Year Award. Founder Sonu Tyagi has also been honored with the Yuva Ratn Award, adding another feather to the group’s illustrious cap.
Approach Entertainment stands as a distinguished powerhouse, excelling in Celebrity Management, Film Productions, Advertising & Corporate Film solutions, Films Marketing, and Events & Entertainment Marketing. Simultaneously, Approach Communications operates as a leading PR & Integrated Communications agency, serving diverse sectors including Corporate, Healthcare, Entertainment, Finance, Education, and Social domains. With a rapidly expanding footprint across Mumbai, New Delhi, Gurugram, Goa, Kolkata, Dehradun, Chandigarh, Hyderabad, and Jalandhar, the Approach Entertainment Group takes center stage in the realms of entertainment, media, and communications. Notably, the group features a specialized Bollywood Newswire & Content Dissemination unit known as Approach Bollywood.
Beyond its business endeavors, the Approach Entertainment Group proudly houses the charitable initiative, Go Spiritual India. This organization is dedicated to philanthropy, promoting spiritual awareness, supporting mental health, wellness, organic practices, spiritual tourism, events, media, and various social causes.
6, Feb 2024
TTT and Hershey India Elevate Love Narratives: Introduce Generative AI Website
Nationwide Release, 6th February 2024: India’s much-loved content company, Terribly Tiny Tales (TTT) has consistently woven heartwarming tales around the threads of love and cherished connections, striking a chord with its audience. TTT’s flagship IP, ‘Butterflies’ (that captures love in various dynamics) and Valentine’s have been synonymous for years now, with the colossal success and in collaboration with Hershey India for the last two seasons. This year for its much-anticipated 5th season, ‘Butterflies’ powered by Hershey India is set to scale new heights to usher in Valentine’s Day 2024 while retaining the original core of the IP. In a significant stride towards innovation and infusing a special touch into the campaign, TTT is not only expanding its creative prowess but also venturing into the tech domain by launching a custom dedication website for #YourForevers which will be live till February ‘24. With this distinct, cutting-edge portal fueled by Generative AI, TTT empowers users to craft customized SMS messages for their loved ones – adding a layer of sentiment to their storytelling. This strategic move positions TTT at the intersection of content and technology, reaffirming its commitment to pushing boundaries and delivering unique experiences to its audience.
This season, with the help of this brand-new generative AI-focused website, TTT ‘helps you voice for every relationship of your choice’. The platform aims to create tailored dedications, celebrating all kinds of love this Valentine’s – be it the enduring love between friends and couples, or the cherished family bonds or the nuanced dynamics of sibling relationships or any other forms of connection. The AI process seamlessly integrates user inputs, generating personalized dedications with custom images and songs in a classic retro style, thus delivering a tailored mixed tape that captures both present love and futuristic storytelling in mere seconds.
For example, consider a scenario where a friend desires to convey the essence of their bond. The user inputs all the key details into the generative AI platform about their friendship – shared experiences, defining moments, and the emotions he/she wishes to express. The AI weaves this data into a heartfelt poem, incorporates a customized image that resonates with the message and sets it all to a selected song that holds a special meaning. This unique creation, celebrating their friendship is then delivered directly to the recipient’s inbox.
The entire campaign caters to a diverse audience of all age groups and revolves around the simple concept that being romantic at heart doesn’t always translate to romantic actions, and TTT addresses this challenge at scale, maintaining a personalized touch at the same time. While creative storytelling remains at TTT’s core, the brand is adopting fresh, modern formats to narrate familiar tales in 2024. Moreover, top dedications on the platform will stand a chance of becoming a film in Butterflies S5.
Anuj Gosalia, Founder and CEO of TTT, said, “With the world moving towards generative AI, we have stitched real love and Artificial Intelligence together by building the country’s largest dedication portal to help you express your love this Valentine’s. Personalization is a powerful tool for making consumers feel valued and understood. We have been working on this project since November ‘23 and, as we launch this website just ahead of the romantic season, we invite you to join us in the art of personalized storytelling. Also, stay tuned for the upcoming 5th season of ‘Butterflies,’ our flagship web series in collaboration with Hershey India – capturing diverse love dynamics with its rich storytelling which has always kept the audience enraptured. We’ve pulled out all the stops to make this season bigger and better.”
Ankit Desai, Marketing Director, Hershey India, said, “Valentine’s Day is a celebration of love in its myriad expressions, from the profound connection between spouses, to the bittersweet relationship between siblings, and the everlasting ties shared with parents. Over the past three years, we have been building and strengthening the ethos of our campaign ‘YourForevers’. To bring alive this, we are thrilled to yet again associate with Terribly Tiny Tales for the upcoming season of ‘Butterflies’. As we eagerly anticipate the romantic tales and heartfelt content that will surely strike a chord with the viewers, we are equally excited about TTT’s launch of their Generative AI portal that adds another dimension to the campaign. Embodying innovation at its core, this portal is a canvas for heartfelt messages, elevating the art of expressing love in the digital age. Our strategy seamlessly integrates creativity, strategic execution and cutting-edge technology, enabling heartfelt connections across diverse relationships. Through the AI portal, we want to enable consumers to express love to their forevers while providing a truly personalized and meaningful experience.”
Strategically slated for a pre-Valentine’s Day launch, the website launch campaign will leverage social media platforms for widespread promotion. Additionally, TTT will be collaborating with multiple influencers, who will use the portal to dedicate original songs and express how they feel. The brand is eyeing to generate 10K + submissionsthrough the portal and maintaining a dynamic buzz around the campaign. So, unleash the power of personalized storytelling, create unique dedications, and make this Valentine’s Day unforgettable for your loved ones. Just like love has no limits, so does the portal! Feel free to utilize it as many times as you want to.
6, Feb 2024
Joyalukkas Unveiled Refurbished Showroom in a S Rao Nagar, Hyderabad
Hyderabad, 6th February 2024: Joyalukkas, the globally acclaimed jewellery retail brand, continues to redefine the jewellery shopping experience with the refurbishment of its A S Rao Nagar showroom in Hyderabad. The grand reopening was held on 3rd February and as an inaugural offer, customers will enjoy a 50% off on all jewellery-making charges (V.A).
Renowned for its unwavering dedication to quality and artistic brilliance, Joyalukkas introduces an exclusive additional floor to the state-of-the-art signature A S Rao Nagar showroom, promising a state-of-the-art ambience. As the world’s favourite jeweller, Joyalukkas enjoys the patronage of millions of customers and features a dazzling array of over a million designs, crafted from a spectrum of precious materials, including gold, diamonds, platinum, gemstones and silver.
The revamped A S Rao Nagar showroom showcases a diverse selection of traditional, contemporary, and ethno-contemporary jewellery, curated from around the globe.
Chairman of Joyalukkas Group, Joy Alukkas, expressed his enthusiasm for the launch and stated, “A S Rao Nagar holds a special place in our hearts, with cherished patrons who have been part of our journey. The refurbished showroom is a testament to our commitment towards enhancing the jewellery shopping experience for our valued customers. We invite jewellery lovers to explore our renewed space, offering a premium and seamless experience, an aesthetic ambience, an extensive range of collections, and superior customer service. To mark this celebration, we are delighted to present an inaugural offer of 50% off on making charges (V.A) for all jewellery.”
The grand reopening was a memorable event, where the customers were invited to indulge in the opulence of Joyalukkas’ exquisite jewellery, while enjoying exclusive inaugural offers.
6, Feb 2024
Blackberrys felicitates Indian winners of the Hangzhou 2022 Asian Para Games…
Bengaluru : February 06 2024– Blackberrys, the aspirational Indian menswear brand that caters to the fashion needs of the global Indian, celebrated India’s unprecedented win of 111 medals at the recently concluded 4th Asian Para Games 2022 held in Hangzhou, during 22-28th October 2023.
Embracing the inspirational ethos of ‘Keep Rising,’ Blackberrys takes immense pride in its partnership with the Paralympic Committee of India (PCI) as the ‘Official Ceremonial Partner’ for the 4th Asian Para Games.
Mr. Satyanarayan, the esteemed India’s Para- athletics coach, marked his honorable presence at the felicitation event for the Paralympic winners hosted by Blackberrys. Mr. Satyanarayan is a driving force behind the growth of para-sports in the country.
Blackberrys joined hands with the Paralympic Committee of India (PCI) to become the ‘Official Ceremonial Partner’ and dressed the Indian contingent participating at the mega event. As Blackberrys essence mirrors the unwavering spirit of para-athletes who consistently shatter boundaries and overcome the odds. Crafting the ceremonial suit for the Indian contingent was a moment of profound aspiration. Taking forward this association, the brand felicitated all the winners that collectively won 111 medals for the nation- 29 gold, 31 silver and 51 bronze.
“We are so proud of these winners who’ve beaten all odds to emerge victorious and bring glory for the nation on an international stage. They’ve commanded the respect and admiration of people across the world for their sheer hard work, determination and unwavering spirit to succeed against all odds. We applaud their achievements with these humble tokens of our appreciation. We are fervently committed to celebrating the extraordinary journey of these athletes, who epitomize the triumph of determination and resilience. It has been an absolute honor for Blackberrys to be associated with them on this journey,” said Mr. Nitin Mohan,Co-Founder & Director, Blackberrys.
6, Feb 2024
Indian Enterprise FinTech Industry Projected to Reach USD 20 Bn by 2030
India, February 6th, 2024: Chiratae Ventures, in collaboration with The Digital Fifth, has released a comprehensive report titled ‘Unlocking Indian Enterprise Fintech Market.’ As per the 2024 FinTech Sector report, Enterprise FinTechs are poised to expand, with projections estimating a market size of approximately USD 20 billion by 2030. This report focuses on Enterprise FinTechs that play a pivotal role in streamlining product, sales and service delivery as well as enhancing efficiency within the BFSI segment in six essential sectors: BankingTech, LendingTech, PayTech, RegTech, InsurTech and WealthTech.
Sudhir Sethi, Founder and Chairman, Chiratae Ventures on the launch of the report, shared, “Chiratae projects the Enterprise FinTech industry to be over $20 bn opportunity by 2030, and with FinTech being a focus area, we are keen to work with founders transforming India’s Financial Services. Chiratae has a successful history of investing in innovative category builders in FinTech, such as Fibe in Consumer Credit, Vayana Network in Supply Chain Financing, GetVantage in Revenue Based Financing, PolicyBazaar in Insurance distribution, to name a few. With our cumulative learnings and experiences with the traditional Financial Services as well as FinTechs, we are excited to share our insights via this Enterprise FinTech report.”
The Enterprise FinTech Opportunity
The BFSI industry is undergoing a rapid transformation amidst demand for lower costs, scale, innovation, and agility. Instead of banks viewing technology as a cost centre, the thought process has started to realign, and it is now being seen as a driver to manage profit and loss as well as reduce the cost-to-income ratio. Investment in technology across financial segments is expected to witness high growth over the coming decade. The backbone of this digital innovation is revolutionary with public infrastructure like the India Stack, Account Aggregator, ONDC, KYC and DBU regulations. The recent Digital Personal Data Protection Act (DPDP) of 2023 will also push financial institutions and their partners to reorient their architecture and business for better data governance.
This digitisation has led to the growth of Embedded Finance platforms and increased investments in API-enabled infrastructure. This shift towards Embedded Finance providers is creating an opportunity for Anything As A Service i.e. XaaS. Banking (BaaS), Lending (LaaS) and Payments (PaaS), have already emerged as key areas of investment for VCs. Digitisation is underway in the retail business for Saving Accounts, Credit Cards and Personal Loans and has just begun for the MSME and Corporate segments. According to the report, banks and NBFCs will evolve to become fully digital for the Retail and MSME segments in the next 10 years.
TC Meenakshisundaram, Founder and Vice-Chairman added, “Financial Sector Enterprises are at a cusp of digital transformation, and with regulators’ continued support, FinTechs building technology-led solutions will play a pivotal role and capture this burgeoning opportunity. We expect Chiratae to play an active part in the Enterprise FinTech space in the coming four to five years.”
Changing technology landscape across Enterprise FinTech
Large banks have started investing heavily in technology and are focusing on scaling their digital business which is being replicated by small and mid-sized banks. FinTechs and Embedded Finance players are driving customer engagement in partnership with banks, and this digital push is gradually expanding to complex business banking, including Trade Finance and Treasury. Meanwhile, regulatory frameworks around Digital Lending have continued to evolve and are positively influencing technology spend by lenders. Lenders are experimenting with innovations like Pre-Approved Loans, B2B BNPL, Supply Chain Finance, Secured Credit, etc.
India is swiftly transforming into a less cash economy and will aim to eliminate it over the next decade. Payments innovations have been driven by regulatory initiatives and there will be a demand for agile Payment as a Service (PaaS) platform to orchestrate transactions with multiple bank payment infrastructures. Factors like the Government’s Digital India initiative, India Stack APIs and the regulator’s focus on consumer protection have driven demand for RegTech solutions, ensuring compliance, data security and seamless transactions across the FinTech ecosystem. India’s Wealth Management sector is experiencing growth with increasing asset classes, new entrants, and tech investments. The country has shifted to an investment mindset, with a declining focus on traditional physical assets. India is the 9th largest Life Insurance market globally and is expected to reach USD 200 bn by 2027. Technological advancements such IoT, telematics, and surveyors boost trust in insurance, reduce fraud, realign workloads, and improve decision-making in claims and underwriting.
Sameer Singh Jaini, Co-Founder and CEO, The Digital Fifth said, “The tide of change is upon us, and it’s happening right now. The last decade witnessed a continuous influx of funds into Enterprise FinTechs. This, coupled with the entry of new-age players in various Enterprise segments, is shedding light on the previously untapped potential of this market. The distinctiveness of this sector lies in its capacity for multiple contenders to drive the market. Every breakthrough in this sector ripples through the BFSI realm, advancing it tenfold.”
6, Feb 2024
This Valentine’s, Gift Your Loved One a KAI Beauty Box
Get ready for an amazing Valentine’s Day with the KAI Beauty Box! Whether it’s for yourself or your special someone, give the gift of smooth and bump-free skin with KAI India’s hassle-free beauty box. KAI, a renowned Japanese brand, brings you advanced technology for painless hair removal.
Inside this fantastic beauty box, you’ll find the Bi-hada Facial Razor with a dual-coated stainless steel blade and protective skin guard for precise use along the contours of your face. The KAI Bikini Line Razor is ideal for the sensitive bikini line area, featuring a compact head and an Aloe Vera and vitamin E-infused lubricating strip to prevent post-shave irritations. The K4 Soft Razor, designed for women, boasts a titanium-coated blade for a smooth finish, a lubricating strip enriched with coconut oil, and a flexible head that glides seamlessly along body curves. KAI India razors make shaving easy and stress-free, giving you a smooth finish in just a few minutes.
KAI India razors make the experience of shaving completely easy and stress-free. In just a few minutes one can get a smooth finish. KAI India Beauty Box is available across all the leading e-commerce platforms.
6, Feb 2024
The Thrilling Science of Go Karting: Zooming into the Physics of Speed
Go karting is not just about hugging the turns and feeling the wind in your hair; it’s a wild ride through the world of physics! Ever wonder why your go kart speeds up when you hit the gas? Thank Sir Isaac Newton! His laws of motion are like the GPS for your kart. Newton’s first law says an object in motion stays in motion – that’s your kart zooming around the track unless the brakes kick in and the second law? It’s the secret sauce for acceleration – the engine’s power pushing against the kart’s weight to make it go faster!
Grip, Slide, and Tires:
Tires are the unsung heroes of go karting. Picture this: your kart’s tires sticking to the track like glue – that’s grip! But if they start sliding, it’s like trying to dance on ice. Drivers and their pit crews are like tire wizards, tweaking pressures and choosing the right rubber to keep those tires gripping the track like it’s their favourite dance floor.
Flying Around Turns:
Going fast is cool, but taking turns like a pro? That’s where centripetal force comes into play. Imagine your go kart is a superhero, and centripetal force is its sidekick, keeping it from flying off the track when taking those sharp turns. It’s like a secret handshake between your kart and the road – the tighter the turn, the stronger the handshake!
Wind Resistance and Looking Cool:
While you’re flying around the track, the wind wants to slow you down. But here’s a trick – if you lean forward, you reduce the “air bump” and go faster! It’s not just about speed; it’s about looking cool and going faster. That’s why you’ll see racers leaning into the wind, feeling like superheroes with their capes (or in this case, helmets) on.
Energy Swaps:
Energy is like the fuel for your kart’s fun engine. When you press the gas, you’re swapping potential energy for kinetic energy – turning the stillness into speed. When you hit the brakes or go uphill, it’s like your kart is saving energy for the next exciting downhill stretch. It’s an energy party, and your kart is the ultimate dancer!
Conclusion:
So, the next time you rev up your go-kart, remember – it’s not just about driving in circles; it’s a science-packed joyride! From Newton’s laws making you go, to tires gripping the track, and wind resistance playing its game – every lap is a celebration of physics. Go-karting isn’t just a sport; it’s a rollercoaster through the science of speed and motion, where every turn and straightaway is a chance to embrace the thrilling world of physics!
6, Feb 2024
Gulf Oil continues positive momentum to power 29% growth
National, February 06, 2024: Gulf Oil Lubricants India Limited, a Hinduja Group Company, has today reported its Unaudited financial results (Standalone) for the Quarter & nine-month ended December 31, 2023. Key highlights are as under
During the Quarter ended December 31, 2023, the Company achieved revenue from operations of Rs. 817.26 crores against Rs. 781.10 crores, growth of 4.63% and PAT of Rs. 80.74 crores against Rs. 62.65 crores, growth of 28.86% compared to the Quarter ended December 31, 2022. During nine-month ended December 31, 2023, the Company has achieved revenue from operations of Rs. 2,431.28 crores against Rs. 2,207.05 crores, growth of 10.16% and PAT of Rs. 222.66 crores against Rs. 170.13 crores, growth of 30.88% compared to the nine-month ended December 31, 2022.
Strong momentum was maintained during the quarter with good uptick in volume majorly driven by growth in Agri and PCMO rebounding strongly. EBITDA exhibited consistent sequential growth hitting the century again touching Rs 111.06 crores mark during the quarter. EBITDA Margin marked a sequential improvement of 107 bps reaching 13.59%, tracking higher end of the guided band of 12-14%. Across all business segments, Infra and B2B recorded impressive double-digit volume growth. OEM workshop business showed good growth driven by many targeted initiatives, while OEM factory fill business saw a slowdown tracking lower sales of new vehicles by few key OEMs.
Commenting on the performance, Mr. Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd., said, “I am quite excited by the new milestones being achieved by the team with another remarkable performance delivered for December quarter and nine-month period, reinforcing our dedication to continuous growth and operational excellence. Our success spanned various categories, capitalizing on robust distribution and brand initiatives. Our key focus remains on strategic, sustainable, and profitable growth across our portfolio. This quarter witnessed a significant elevation in brand investments with activations such as IBW, CII’s Excon exhibition, new TVCs, and campaigns with brand ambassadors that amplify brand awareness levels and increase market share in our targeted segments. Our strategic partnership with India Bike Week (IBW), targeting premium bike owners with Gulf Syntrac engine oil, has taken root across Indian cities, catering to both metros and Tier 2 cities. The introduction of “Ride With Gulf” social media page enhances our engagement with the passionate motorcycle riding community nationwide. In a series of Sustainability Initiatives, we will enhance our solar power capacity at both the plants by June/July’24 and also looking at various sustainable packaging solutions. We participated in CII’s Excon exhibition where we showcased our innovative products, including Adblue, bio[1]degradable hydraulic oils, and EV charging solutions via Tirex DC chargers and Electreefi, a SaaS provider, gaining significant attention.
We maintain a positive outlook, anticipating market demand to keep growing in coming years due to strong GDPgrowth, significant infrastructural impetus, and increased vehicle penetration.
Manish Gangwal, CFO, Gulf Oil Lubricants India Ltd commented “Benefiting from a stable input cost environment and ongoing efforts to enhance our product mix across categories, our material margins have improved by over 5% on a YoY basis. This has translated into a highest ever quarterly EBITDA of Rs. 111 crores, firmly positioning us at 13.59% EBITDA to Revenue. Consequently, our earnings have witnessed substantial growth, marking a 29% and 31% increase for the quarter and nine-month period, respectively, compared to last year. Drawing a lot of confidence from the performance, the Board has declared an Interim Dividend of Rs 16.00 per equity share, amounting to 800% on the Face Value of Rs. 2 per Share. . Going forward, our strategic focus remains twofold: achieving revenue growth surpassing market trends by 2-3x, coupled with improving margin trajectories. Furthermore, we are committed to leveraging our investments in the e-Mobility space, capitalizing on synergies for sustained and impactful future growth.”
6, Feb 2024
Dr Rennie Joyy’s Contribution Acknowledged at the Embassy of Myanmar
Known for her noteworthy dedication to constructing an equitable and inclusive future for all, Dr. Rennie Joyy, the founder of the Aalekh Foundation, Corporate Lawyer, and a former banker, was recently bestowed with the Women Prestige Award 2024 in an exclusive ceremony held at the Embassy of Myanmar on February 4, 2024.
HE Mr. Moe Kyaw Aung, the distinguished ambassador of Myanmar, was the chief guest of the Women Prestige Awards, which were hosted by Lions Club Delhi Veg in conjunction with the Indo Myanmar Friendship Association and the Nari Shakti – Ek Nayi Pahal Foundation. His involvement served as an expression of how vital it is to honor women’s accomplishments on a worldwide scale.
The award was designed to in recognition women who push the envelope and demonstrate not only their outstanding achievement but also their dedication to uplifting others and making meaningful contributions to society.
“I am truly humbled to receive the Women Prestige Award 2024,” she added. This accolade reflects the synergy of women aiming to have a constructive impact on the world, rather than just being a personal accomplishment. I value being appreciated and pledge to keep up my inspirational and empowering journey.”
