Hafele’s New Architectural Lights Range – The Stanford Series

With Hafele’s New Architectural Lights Range you will find all your lighting needs taken care of. Whether it is lighting up a small area, highlighting a wall texture, emphasizing on a work of art, illuminating the floor space at night or simply ensuring even distribution of light across the entire space – these lights have got you covered. The range covers various applications, installation techniques and design themes. Each series comes with a comprehensive offering of the different types of interior lights, be it downlights, spotlights or wall washers, which allows you to implement a consistent design theme (in terms of the lighting fixtures) across the space available, even with differentiated illumination techniques.

Engineered on the same philosophy of ‘easiness’ and ‘flexibility’ as the Loox furniture lighting system, Hafele can now be your holistic, lighting solutions provider, delivering premium ambient, task and accent lighting for your living spaces.

With the innovative modularization concept, various designs and baffle colour options, Hafele’s Architectural Lights offer the ultimate installation flexibility that enhance the aesthetics of your premium interiors.

Stanford Series: Designed on the concept of modularization, this series offers you customization options like never before. The ordering process involves selecting the type of Light Engine, Baffle and Mounting Bracket, enabling the series to offer 42 different luminaire combinations. Selections in terms of wattage, beam angle, tilt angle and shape give you unmatched possibilities in ensuring a unified look for your interiors.

The 7 trendy baffle colour options – White, Matt Black, Piano Black (Glossy), Gold, Champagne, Chrome and Bronze, provide creative flexibility for incorporating elegant pops of colour that effortlessly highlight your ceiling or provide a seamless look that immaculately blends with your interior design.

The luminaires from the Stanford Series are suitable for use as spotlights and downlights. They have a low UGR (Unified Glare Rating) which enhances the visual clarity and provides comfortable aesthetics in the living spaces. With easy installation and wide customization options, the Stanford series is your ideal solution for contemporary aesthetics.

Paytm Travel Carnival Sale live from October 27 – November 5 offers up to 15 percent off on flight tickets and much more

One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, announced Paytm Travel Carnival Sale from October 27 to November 5 with many exciting offers on flight, train and bus bookings for users planning trip ahead of Diwali. With the festive season round the corner, the exclusive sale offers attractive discounts to schedule your holidays with friends and family.

The special sale offers up to 15% instant discount on domestic flights and 10% off on international flights during the period. There are separate offers on transactions through ICICI Bank, IndusInd Bank, RBL Bank and HSBC Bank along with zero convenience fee. Additionally, the company is offering a special discounted fare for students, senior citizens and Armed Forces personnel. The Travel Carnival Sale will see participation from all major airlines — IndiGo, Vistara, Air India, Air India Express, SpiceJet, Star Air and Akasa. Moreover, Paytm offers Best Price Guarantee on air tickets, which ensures lowest prices to users and 2X refund if one finds a lower price on any other platform.

Paytm app provides free cancellation benefits on bookings through flight, train and bus with 100% refund on the source account immediately without any questions asked. For train bookings, the company is also offering zero payment gateway charges on UPI. Meanwhile, users can also check the live train running status and PNR status on the Paytm app enabling them to travel at ease. Also, with the launch of ‘Guaranteed Seat Assistance’, one can now get a confirmed seat while booking a train ticket as the innovative solution ensures that users are not waitlisted.

There is a special 20% instant discount on bus bookings with promo code ‘CRAZYSALE’ along with up to 20% off on specific operators. Under Paytm’s Best Price Guaranteed, it assures users of the lowest price across 2,500 bus operators. Moreover, for bus travellers, the live bus tracking services can enable users to travel stress free while also sharing the real time location of their booked bus with their close ones.

Paytm Spokesperson said, “As the preferred online platforms for travel bookings, Paytm aims to ensure an affordable and best travel experience to users. The special offers on flight, train and bus bookings provide a great deal to travellers planning festive holidays conveniently at a click of a button.”

HFCL launches 1728 fibre IBR cable to meet the growing demand of high fibre count cables from data centres and boost 5G network infrastructure

New Delhi, October 28, 2023: HFCL Limited (HFCL), a leading technology enterprise and integrated next-gen communications product and solution provider, yesterday launched its innovative, high-fibre count Intermittently Bonded Ribbon (IBR) Cable at the ongoing India Mobile Congress, Pragati Maidan, New Delhi, India. HFCL’s new 1728-high fibre count IBR cable offering will allow telcos and enterprises to accelerate installation of 5G network infrastructure, expand FTTH capabilities and address the rising demand for high[1]capacity networks particularly from data centres. HFCL is amongst the few companies in India and worldwide that has successfully developed this industry leading product.

As a leading manufacturer of optical fibre cables in India, HFCL is at the forefront of innovation, developing sustainable smaller duct size cables at its Hyderabad plant. Compared to traditional 864-fibre flat ribbon cables, the next-gen 1728-fiber IBR Cable offers twice the fibre packing density in the same diameter. HFCL’s gel-free IBR cable is also optimised with high productivity mass fusion splicing for cost efficient deployment, easy installation in congested areas and quick restoration in case of any accidental outage. The manufacturing of these environmentally-friendly IBR cables is further poised to result in reducing plastic consumption per unit of fibre, lowering carbon footprint and expenses associated with network maintenance and upgrades.

As businesses migrate to the cloud and segments such as Banking, Financial Services and Insurance (BFSI), e[1]commerce, manufacturing and retail drive demand, India’s data centre market is expected to boom and attract investments in hyperscale data centres. Currently, with 138 data centres, India is the world’s 13th largest market. As per research by ANAROCK-Binswanger, 45 new data centres—covering 13 million sq. ft are expected to come up in India by the end of 2025. High-fibre count IBR cables will complement the demand for dense fibre connectivity which is essential for enterprises to manage larger, more sophisticated data centres.

Further, the strong demand for IBR Cables fuelled by increasing government’s thrust on fiberisation, investing in capex and telecom infrastructure across key global markets including India, US, UK, France, Germany, Middle East and other leading economies also present a significant opportunity for companies like HFCL. While the fibre penetration in India has now moved to around 38.44% according to data provided by Digital Infrastructure Provider Association (DIPA), however, we are significantly lagging the 70% tower fiberisation in the country by 2024-25, a target set by the Indian government. The recent Union Cabinet’s approval of the Rs 1.39 lakh crore plan for rural broadband connectivity is also a major stride that will lead to massive demand for fiberization to bridge the digital divide. The launch of this revolutionary IBR cable further underlines HFCL’s commitment to emerge as a significant contributor and a partner of choice in the government’s nationwide infrastructure upgrade along with leading enterprises, and telcos.

IPRS is now ranked as the 4th largest Society by revenue in the Asia-Pacific region per CISAC Global Collection Report

New Delhi, 28 October 2023: In the recently unveiled CISAC Global Collections Report 2023, based on the 2022 collections data, the global music landscape experienced a resurgence, with total global royalties collected from creators reaching a record high of EUR 10.83 billion in 2022 – up by a remarkable 28% – as the world broke free from the pandemic. This growth was fueled by a rebound in live and public performances and a continuous robust expansion in digital revenue. The total sum of creators’ global royalties emanating from digital sources is a whooping EUR 4.1bn. In barely little over a decade, streaming has transformed life for CISAC members and the five million creators it works for.

According to the CISAC report, The Indian Performing Right Society Ltd. (IPRS) ranked as the 4th largest Society by revenues in the Asia-Pacific region and India ranked 23rd amongst the top 50 societies in Collections from Music globally, growing from the earlier 47th position in 2018.

The report reveals that IPRS collected Euro 68 million in revenue in 2022, a remarkable surge of 92.5% over the previous year. These results are indicative of India’s thriving music industry, displaying notable overall growth. It is also a result that corroborates the effort IPRS has put toward making this eye-popping turnaround a reality.

In India, the growth was attributed to the recovery in General Public Performance – Events / Background, Television broadcasting income revenue and the increased digital revenues permeated through the year. This highlights a positive development as the Society reduced its reliance on digital revenues, whose proportion of the income pool fell from more than 80% in FY 2021-2022 to 67.1% in FY 2022-2023. This diversification gives IPRS more stability and indicates its growing penetration in the market. The outcome was wonderful news for both the music industry as a whole and for the authors/composers and music publishers in particular. The digital revenue growth from 2019 to 2022 soared by an overwhelming 532.7%, reflecting India’s evolving music industry landscape.

The Government has also played a significant role in fortifying the creators’ rights and strengthening IPRS’s presence in the industry. While we are thankful for this support, we look forward to the authorities for adequate enforcement of the music licensing norms for better compliance.

Furthermore, IPRS has undertaken the significant responsibility of fostering the development of similar collection societies in neighboring countries. This commitment extends to the support and promotion of sister collection societies in countries such as Nepal, Sri Lanka, and Bangladesh, ensuring they receive the necessary attention during their initial stages of establishment.

Commenting on the same Mr. Javed Akhtar, Chairman of IPRS said, “IPRS, as a Music Copyright Society has been one of the strongest proponents of the rights of the music creator and publisher community in India. It has stood for credit and royalties for its members against odds of non-compliance and reluctance of music users to procure license for music consumption. It is indeed a matter of immense pride that IPRS has managed to garner the outstanding result of ranking the 4th largest Asia Pacific society by collection. The story of the toil behind this feat and the perseverance of our team members is a saga for all time and needs special mention. The age of music streaming has brought in a major shift in music consumption and has further intensified the role of collection societies like IPRS who must constantly tap in and be ever receptive to a stream of continuously emerging revenue models.

With the scourge of the pandemic behind us, we at IPRS are grooming ourselves and the large Indian music community to be abreast with the opportunities and the challenges AI is bound to bring into the new mix of the music ecosystem in the digital age.”

Sharing his views, CISAC President Björn Ulvaeus, looks ahead to the future impact of AI on creators’ collections. “This year’s results show that the collective management system, despite all the enormous challenges it faces in adapting to digital, is still robust and effective. CMOs have the backs of the creators they serve and are now delivering more money to more creators than ever before. Fresh from COVID and the economic squeeze, what we now face is another serious, existential challenge – that of Artificial intelligence. AI will radically change the world for creators and the creative industry. It demands international leadership and a strong united front from all parts of the creative industry.”

Commenting on the CISAC Report, Mr.Rakesh Nigam, the CEO of The Indian Performing Right Society Limited (IPRS), said, “We are incredibly proud of the IPRS’s remarkable achievement as the 4th largest Society by revenue in the Asia-Pacific region, according to the recent CISAC Global Collections Report. This recognition reaffirms our efforts in safeguarding the royalty rights of our creators. The significant growth, particularly in the digital domain, highlights the ever-evolving music landscape. Licensing agreements with major media entities and a notable increase in income from public performances of music have contributed to a substantial boost in revenues. The challenges in compliance remain an area of serious concern. In the changing music landscape inundated with challenges and opportunities, we remain committed to fostering a thriving environment for our creators and continuing our efforts to better India’s position on the global music stage.”

IndiaMART Q2FY24 Results: Consolidated Revenue from Operations grew by 22percent YoY to Rs. 295 Crore

Financial Highlights (Q2 FY2024): 

IndiaMART reported consolidated Revenue from Operations of Rs. 295 Crore in Q2 FY24, a growth of 22% YoY. Standalone Revenue from Operations of IndiaMART grew by 23% YOY to Rs. 281 Crore, primarily driven by 12 % growth in number of paying subscription suppliers as compared to last year. Revenue from operations of Busy Infotech grew by 24% YoY to Rs. 13 Crore. Consolidated Deferred Revenue increased by 26% YoY to Rs. 1,244 Crore as on September 30, 2023.

The Company continued making growth investments in manpower, product and technology, sales and servicing resulting into growth in revenue and paying subscription suppliers. As a result, Standalone EBITDA stood at Rs. 81 Crore for Q2 FY24 representing EBITDA margin of 29%. Consolidated EBITDA stood at Rs. 80 Crore for Q2 FY24 representing EBITDA margin of 27%.

Consolidated Profit before Tax was at Rs. 93 Crore and Consolidated Net Profit for this quarter was Rs. 69 Crore representing margin of 28% and 21% respectively.

Consolidated Cash Flow from Operations for the quarter was at Rs. 102 Crore. Consolidated Cash and Investments balance stood at Rs. 1,910 Crore as on September 30, 2023.

Operational Highlights (Q2 FY2024):                 

IndiaMART registered traffic of 288 million and Unique business enquiries of 24 million in Q2 FY24; representing a YoY growth of 10% and 6% respectively. Supplier Storefronts grew to 7.7 million, an increase of 5% YoY and paying subscription suppliers grew to 2,09,747 representing net addition of 2,064 subscribers during the quarter.

Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said:  

We are happy to report continued growth in revenue, deferred revenue, and healthy operating margins in this quarter. This is the result of investments made in further strengthening our value proposition and enhancing the user experience for businesses. With the rising internet adoption and on the back of healthy cash flows, we are confident of the long-term growth and sustained value creation for all our stakeholders.

Q2 FY24 Earnings Conference Call  

IndiaMART InterMESH Ltd, will host earnings webinar for investors and analysts on Friday,27^th October 2023 at 17:00 hours IST to discuss its results and developments for the quarter ended September 30, 2023. The senior management of the company will be present to address the webinar.

Rise Infraventures’ Samidha Welfare: Empowering Girls for a Brighter Future

Gurgaon, 28th October 2023 – Rise Infraventures Limited, a prominent real estate advisory firm, has been setting benchmarks by not only providing the best solutions in the sector but also in the segment of corporate social responsibility (CSR). The organisation has been leaving an indelible mark on society by actively contributing to the empowerment of underprivileged girls through the Samidha Welfare.

Samidha Welfare, the social initiative of Rise Infraventures Limited, is dedicated to enhancing the lives of underprivileged girls and differently-abled children through a range of initiatives. These include financial support for higher education, access to quality healthcare, skill development programs, medical assistance, including life-changing surgeries, and the distribution of essential aid to those in need. Rise Infraventures Limited aims to help the most in need in every possible way.

Mr. Sachin Gawri, Founder and CEO, Rise Infraventures Limited, states, “Our desires are more than just marking real estate achievements; we aim to transform the lives of as many as possible for a better tomorrow through vital measures. Our initiative extends a helping hand to underprivileged girls and differently-abled children in every segment that we can reach, to ensure that they are not deprived of the basic necessities in life. Rise Infraventures Limited wishes to improve lives, fostering a positive and enduring change in the lives of those in need.”

Samidha Welfare has earned a reputation as one of the leading organisations dedicated to girls’ empowerment through numerous measures. Rise Infraventures is committed to making a difference in society through its unwavering dedication to community development.