Archive: April 30, 2021

Health

Cardiac Problems propping Up In Recovered Covid- Patients Of Middle Age Group: Warns Doctor

Apr 30, 2021 by Neel Achary 0 Comments #Apollo clinic, #Cardiologist, #Dr. Pramod Narkhede, #pune
Pune, April 2021: There is a sharp rise in incidences of heart-related issues in recovered Covid patients of middle age 30-50 years causing suffering from long term cardiac problems including breathing difficulty, chest pain, sudden onset palpitation,(arrhythmias, abnormalities of heartbeat), increase incidences of heart attacks, heart failure,(low pumping capacity),  due to increase in the amount of inflammation and increase blood clotting tendencies in post covid period. Even existing heart patients faced problems after Covid infection in worsening of their cardiac status due to irregular follow up and neglect toward cardiac issues. The doctor recommends for frequent regular cardiac screening in the post-Covid period to spot any new onset abnormalities in the heart function at the earliest.

Coronavirus is turning out to be a multi-system involvement disease. It not only affects your lungs, brain but also the heart.  To quote one of these, a 45-year-old previously healthy gentleman, who had a recent corona infection 1 month ago, approached Apollo Spectra Hospital, Pune, developed chest pain and shortness of breath for 10 days. His ECG showed evolved changes of a heart attack. He had stopped taking aspirin. His echocardiography revealed compromised heart function. He was taken up immediately for coronary intervention which revealed 100 percent thrombotic occlusion of one artery and 90 percent thrombotic stenosis of another major coronary artery. He underwent angioplasty immediately successfully on both the arteries and was stabilized in ICU after 2 days of the procedure. He was discharged with the advice of regular follow-up thereafter. There are many patients like him who are witnessing cardiac issues post-Covid.

Dr. Pramod Narkhede, Cardiologist, Apollo Clinic, Pune highlighted, “After getting infected with Coronavirus, patients belonging to the age group of 30-50 years face breathlessness due to pneumonia and lung infection and missed out cardiac issues masked by the cough and breathlessness. Post covid,  marked increase in acute cardiac issues were seen in previously healthy individuals too..the viral syndrome can range from the occurrence of systemic hypertension (blood pressure), minor palpitation, to serious life-threatening arrhythmias, heart attacks, heart failures, acute pulmonary embolism, and other vascular events like peripheral arterio-venous occlusion and stroke.

These problems are more commonly seen from the acquisition of infection to within 2-3 months of the recovery from Covid infection. Around 5 out of 10 patients visiting in cardiac OPD are post covid with new cardiac abnormalities. Those who have cardiac issues already should be cautious as well.” Dr. Pramod Narkhede added,” The reason behind heart damage can be attributed to a high level of inflammation in one’s body which tends to damage some healthy tissues, including the heart. Covid infection and inflammation impact blood vessels and heart muscles causing increasing clotting tendency compromising blood flow to the heart and even other parts of the body and hampering the pumping capacity of the heart. Once you spot signs like dizziness, light-headedness, sudden palpitation, hypertension, vomiting, sweating, and shortness of breath, chest pain then immediately should consult the doctor.”

Early diagnosis and prompt treatment will help these patients to lead a good quality of life decreasing morbidity and mortality. “To take care of your heart, eat a diet high in fiber and protein. (Try to eat fresh fruits, vegetables, grains, legumes, nuts, and pulses.) Do not eat spicy, oily, processed, or junk food. Manage your hypertension and cholesterol by regularly monitoring them. Exercise every day, maintain an optimum weight, avoid alcohol and smoking. Post-Covid, patients should go for close follow-up for cardiac screening tests like  ECG, ECHO to monitor the functioning of the heart,” concluded Dr. Pramod Narkhede.

 Dr. Prerna Agarwal, Technical operations, Apollo Diagnostics. Said “we see many patients come for diagnosis when the condition is very severe. We have noticed that 40% of patients are afraid or late to come for diagnosis, due to their own myths or ignorance. Manage your hypertension and cholesterol by regularly monitoring them. Exercise every day, maintain an optimum weight, avoid alcohol and smoking.  Covid-19 patients with cardiovascular comorbidities or risk factors are more likely to develop heart complications. Hence  Post-Covid, patients with heart illness, should take extra care by regular cardiac screening and monitor the functioning of the heart. We urge the patient to diagnosis heart condition early and get prompt treatment from their doctors to lead a quality life”
Business World, News

Test range for UAV-based geophysical sensors launched in Latvia

Apr 30, 2021 by Rekha Nair 0 Comments #Alexey Dobrovolskiy, #CTO at SPH Engineering

Riga, Latvia – SPH Engineering announces the official launch of its in-house drone flight area, enriched with a unique 450×70 meter range for various types of geophysical sensor testing with UAVs. The purpose-built testing ground features multiple targets of different materials and sizes buried in a variety of soil types.

SPH Engineering’s test range is designed for manufacturers, surveying and scientific teams for equipment testing and various experiments. The four distinct seasons in Latvia provide the opportunity to test the technologies in a wide range of conditions: dry soil in summer, wet to extremely muddy in spring/autumn, and frozen in winter.

Dozens of real-life application scenarios for geological sensors were taken into account to design the testing area. There are 23 permanently installed targets (pipes, barrels, etc.) buried in natural soil (layers from sand to clay) to inspect. The coordinates of the targets are known with cm-level precision to ensure the highest possible accuracy when interpretating data acquired by the geophysical sensors. Also, the diagonal orientation of pipes makes it possible to test the target’s responses at different depths and distances from the sensors.

“We integrated the first sensor with a drone back in 2017. It was a GPR. The solution has been widely used, mainly for industrial and archeological surveys, as well as for fresh water bathymetry. The decision to create an innovative test range was in response to the unexpected increase in requests for various UAV integrations from potential customers and sensor producers during the pandemic in 2020. Within a year, we successfully integrated two magnetometers, an echo sounder, a new methane detector and a metal detector with a drone,” Alexey Dobrovolskiy, CTO at SPH Engineering, explains.

Earlier this year, SPH Engineering renamed UgCS Industrial Solutions as UgCS Integrated Systems. The new name more accurately reflects the company’s specially developed “sensor+drone” portfolio.

Health

Cyberabad Police & SCSC Launches COVID.SCSC.IN

Apr 30, 2021 by Neel Achary 0 Comments #COVID.SCSC.IN

Hyderabad, April 30, 2021: The Cyberabad Police & Society for Cyberabad Security Council (SCSC) launched an online resource, COVID.SCSC.IN – a one-stop-shop portal of relevant, verified information of all Covid services for Citizens of Hyderabad.

Information is knowledge and knowledge is power. The right information at the right time is very key and is a much-needed Portal in these current times.

Disclosing this in a press note issued in the city today, VC Sajjanar, IPS, Commissioner of Police, Cyberabad said though there is information available across social media platforms such as what’s app and other different sources is not validated and nobody knows about their authenticity.  The overload of information is creating confusion.

This is indeed a great and timely service, said VC Sajjanar, IPS, Commissioner of Police, Cyberabad while launching the services today.

Cyberabad Police & SCSC felt there is a need for a curated and verified, one single source ready reckoner or platform to offer accurate information to the public and especially those in need of it especially in a crisis or emergency, it will be of great help.

The project was led by Pratyusha Sharma, Joint Secretary SCSC for Women’s Forum to enable verified resources available for critical care, self-care, and preventive care services to be updated on a timely basis.

The key feature is Suppliers or Service Providers can also register through a portal validated by SCSC.

The portal has four categories as Critical Care services, Self Care Services, Preventive Care Services and Latest Information.

The Critical Care Services include Ambulance services; Oxygen suppliers; Hospitals and Beds; Plasma support; Blood Banks and Cremation Services.

The Self-care services include Isolation centers and Home quarantine support; Doctors on Call; Diagnostic Centers; Pharmacies; Food Services.

The Preventive Care Services include Psychologists / Counselors Support; Vaccination centers; PPE suppliers; Sanitization services.

Then Latest Information includes: Covid Bulletins; Key Contacts and Information; Network Groups

Krishna Yedula, Secretary-General, SCSC talking about this initiative said, any Citizen who is looking for services or information like plasma, blood, Bed availability, oxygen suppliers, psychologists and counselors, diagnostic centers, food services, etc can find verified and relevant information on the website.

I would like to thank the Cognizant Outreach team led by Pratyusha Sharma, Amita Mulay, Yagna Priya, Siva, Badrinath A, Abdul Z Syed, Krishnaveni, Sushmita, Sarath Y, Sajid Ahmed who have volunteered their time said Krishna Yedula.

Pallav Bajjuri of Kahaniya is its technology partner and Deep from Cisne Events Design partner.

Business World

SOS Children’s Villages opens doors to Children who have lost parental care due to COVID-19

Apr 30, 2021 by Neel Achary 0 Comments #SOS Children’s Villages India

Hyderabad, April 30, 2021: SOS Children’s Villages India has announced that it is ready to provide short or long-term care to vulnerable children across the country whose safety, security, and well-being have been severely affected because of losing parental care due to the pandemic and have no caregivers left to provide for them.

Said Mr. Sumanta Kar, Secretary-General, SOS Children’s Villages: “In these trying times we express solidarity with the people to fight COVID-19, which has devastated the socio-economic fabric of the country. We are trying our best to ensure that all the children under our care are safe and secure. We are willing to join hands with the government, the corporates, and the civil society to extend care to children belonging to the underserved communities, whose families have been affected due to the pandemic in our 32 children’s Villages across 22 states in providing short term and long term care. Children whose parents are COVID positive and are undergoing treatment could be placed under short-term care till their parents recover and children who have lost parents can be placed under long-term care in our Family-Like Care Programme aka Children’s Villages. If you come across any child nearer to our projects, please call our helpline number 18002083232 or email at soscvi@soscvindia.org. We will be happy to reach out to the child and extend support in the best possible manner.”

Business World

Leading EV manufacturer Komaki Creates New Battery Technology that boasts of a blistering 220+ km range

Apr 30, 2021 by Neel Achary 0 Comments #Komaki, #lithium battery 12v, #lithium battery aa, #lithium battery charger, #lithium battery for solar, #lithium battery manufacturers in india, #lithium battery price, #lithium battery price 12v, #lithium ion battery rechargeable

New Delhi, April 30th, 2021: Komaki has been revolutionizing the electric vehicle segment by releasing some of the snazziest looking yet powerful EVs lately. Featuring technologies that are yet to be seen on a two-wheeler, Komaki is already ahead of its peers by leaps and bounds. Komaki has now set its eyes on revolutionizing battery technology and has innovated a brand-new solution.

Komaki has already applied for a patent and is awaiting approval, which means the material of construction has not been disclosed and that Komaki will be manufacturing this battery in-house. A new and improved grade of Lithium cells is under development which completely defeats the conventionally used batteries in EVs. These batteries are extremely lightweight and are capable of fast charging as well.

The battery has a charging time of 4-5 hours and provides a spectacular mileage of 170-220 kilometers in a single charge! These batteries, when paired with the Komaki regenerative braking technology, significantly reduce the need to recharge, thereby eliminating the need for battery charging infrastructure which will take at least 5 years to fully develop in India. When used in eco mode, the battery provides the full promised range of 220+ kilometers.

This advanced battery comes with a 3-year warranty (2 years free + 1-year service warranty). This battery will be fitted on 3 selected Komaki models viz. the XGT-KM, the X-One, and the XGT-X4 smart scooters. The starting ex-showroom price of a Komaki scooter with the 200 km range in a single charge is expected to start at INR 85,000 and will only be available exclusively through Komaki dealerships from 1st June 2021. We are also developing a revolutionary battery system for the Komaki X4 which will provide a mind-bending range of 350-400 kilometers!

Komaki has made strategic investments to back the R&D of new technology with the objective of providing consumers with the maximum possible range per charge. This will help them counterbalance the need for charging infrastructure which is currently lacking in India. This will have a positive domino effect for the state authorities who will be able to better allocate land and resources for more critical purposes before taking up the development of charging infrastructure. Moreover, setting up the charging infrastructure for EVs may even lead to environmental degradation, which will be kept in check, thanks to the massive range per charge offered by the Komaki models.

“This newest battery technology stands as a testament to Komaki’s commitment towards pursuing its vision of creating a clean and green India. All Komaki models & technology undergo stringent quality checks to ensure that the consumer is guaranteed a robust build and stellar riding experience. We strive for top-of-the-line quality and make sure it is delivered”, said Ms. Gunjan Malhotra, Director, Komaki Electric Division.

Business World, News

L&T Finance Holdings announces financial results for the quarter and financial year ended March 31, 2021

Apr 30, 2021 by Rekha Nair 0 Comments #L&TFinance Holdings, #Managing Director & CEO, #Mr. Dinanath Dubhashi

Mumbai: The Board of L&T Finance Holdings (LTFH), a leading Non-Banking Financial Company (NBFC-CIC), today announced the financial results for the fourth quarter and financial year ended 31stMarch 2021. LTFH being a CIC, carries out its businesses through its wholly owned subsidiaries.

LTFHis a market leader (ranked No. 1) in Farm Equipment Finance and Renewable Finance and is ranked #3 financier in both Two-Wheeler Finance as well as in Micro Loans (by book size) along with being one of the leading players in the Infrastructure financing space, more particularly in Renewables, Roads and transmission projects. With a sustainable business model, data analytics driven disbursements and collection and a sharp focus on asset quality and portfolio protection, the company remains committed to building a stable and sustainable organization for its consumers and other stakeholders.

In the quarter, LTFH raised ~Rs 3,000 Cr through Rights issue in Q4FY21, which was oversubscribed by 15%. Furthermore, the Company completed the merger of its operating lending entities – L&T Infrastructure Finance Company Ltd. and L&T Housing Finance Ltd., with L&T Finance Ltd. to create a single unified entity for better operational efficiency, superior cash flow synergies and unparalleled growth.

The Company now maintains a very strong capital adequacy of 23.80%.

Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, L&TFinance Holdings, said, “With normalcy returning in the latter half, our focused businesses have witnessed continued momentum in disbursements, with increased market share across desired businesses (15% in Farm and 11% in TW finance). At the same time, we have fully dealt with stresscorresponding to first wave of Covid-19 and have adequately provided for the same through prudent provisioning in FY21 itself and are well prepared to remain resilient on the back of strong fundamentals and a strengthened balance sheet. While the second wave has led to uncertainty and change in market dynamics, we believe that our strengths prepare us well to handle these circumstances.”

Key Highlights

The quarter continued to see economic recovery across sectors led by rural and infrastructure space, which helped our businesses. Our Rural franchise was strengthened with highest ever quarterly disbursements, with leadership positions in Farm & Two-Wheeler financing. Our Infra finance segment witnessed robust sell down momentum which touched Rs. 979 Cr in the quarter and NIMs + Fees increased to 8.17%, duly aided by lowest ever quarterly WAC at 7.65%.

A. Disbursements: In Q4FY21, the company continued to witness a strong pick up in disbursements, duly supported by robust sell down momentum in Infra finance and achieved highest ever quarterly disbursements in Rural finance.
Rural Finance:
a. Farm Equipment Finance: LTFH established itself as the No.1 financier in this segment with a significant increase in market share to 15%. Overall disbursements were up 17% YoY in FY21,achieved on the back of early normalization in CE. The disbursements for Q4 were up 40% on YoY basis. The Company leveraged analytics to gain counter share with identified dealers

b. Two-Wheeler Finance: With improved market share, we have been ranked 3rd in the segment with an 11% increase in market share. In Q4FY21, the business CE saw an uptick from Q3FY21, with disbursements in the quarter also up 14% YoY

c. Micro Loans (ML): With nearly NIL disbursements in Q1FY21 and moratorium till May, Micro Loans business registered its highest ever quarterly disbursement at Rs. 3,181 Cr in Q4FY21, up 54% QoQ and 44% YoY. Re-initiated disbursements to new customers in Q4 on the back of availability of customer repayment data.

Housing Finance:
a. Home Loan: In Q4FY21, the business continued to witness a steady pick up, with home loan disbursements registering a QoQ growth of ~35%. The salaried Home Loan segment registered a growth of 32% QoQ in Q4FY21 and 41% YoY

b. Real Estate: LTFH continued its strategy of focus on project completion by lending only to existing projects during the quarter. The Company plans to start new underwriting in FY22.

Infrastructure Finance:

LTFH continues to be the market leader in Renewable financing and one of the leading players in Infrastructure finance business with robust pipeline to aid disbursement growth in FY22.The business maintained a steady growth QoQ as situation improved. There was a strong uptick in sell-down and pre-payments, led by a strong sell-down desk and pick up in the sector. Strong emphasis was placed on project monitoring through continuous engagement with contractors and developers as well as use of technology like drones, etc.

B. Liquidity: Q1FY21 saw tightened liquidity situation for NBFCs with pandemic led disruptions, moratorium and closure of few debt schemes by a Mutual Fund.LTFH proactively took necessary measures to remain resilient through the pandemic:

• Q1FY21 – Proactively shored up liquidity to safeguard the company against lockdown and moratorium issues
• Q2FY21 – With ease in systemic liquidity & reduction in uncertainty; gradually reduced negative carry and liquidity
• Q3/Q4FY21- Demonstrated strength by raising low-cost funds as well as prepaying / renegotiating high-cost borrowing
• Sharp decline in cost of funds with Q4FY21 WAC at 7.65% – down 78 bps on YoY basis & 17 bps on QoQ basis

As of March 2021, the company maintained liquid assets in the form of cash, FDs and other liquid investments to the tune of Rs. 10,122 Cr.

C. Highest Credit Ratings: A diversified business presence, strategic importance to L&T, strong resource raising ability and adequate capitalization resulted LTFH and all its lending subsidiaries’ long-term ratings been rated ‘AAA’ by all four rating agencies:

a. CRISIL – May 2020 and in December 2020
b. CARE – October 2020
c. India Ratings – September 2020
d. ICRA – September 2020

Subsequent to the merger of L&T Infrastructure Finance Company Ltd and L&T Housing Finance Ltd into L&T Finance Ltd (L&T Finance) becoming effective, all the Rating agencies have reviewed the ratings of L&T Finance and have assigned / reaffirmed the ‘AAA’ rating in April-21.

D. Focus on Strengthening Balance Sheet:LTFH strengthened its balance sheet by maintaining adequate PCR on GS3 book and additional provision on non-GS3 book for any future economic uncertainty. The GS3 assets of the company stood at 4.97% in Q4FY21 of its book, showing a reduction of 39bps YoY. NS3 registered the sharpest improvement since the introduction of Ind-AS and reduced from 2.28% to 1.57% YoY. The company also strengthened the PCR on Stage 3 assets from 59% in Q4FY20 to 69% in Q4FY21. Asset quality and PCR has improved in FY21 vis-à-vis FY20 despite the impact of Covid, showcasing strong underwriting, robust collection and stringent EWS

 

(Rs. Cr) Q4FY20 Q3FY21 Q4FY21
Gross Stage 3 5,037 4,935 4,504
Net Stage 3 2,078 1,791 1,377
Gross Stage 3 % 5.36% 5.12% 4.97%
Net Stage 3 % 2.28% 1.92% 1.57%
Provision Coverage % 59% 64% 69%

As a prudent measure, LTFH is carrying additional provisions of Rs. 1033 Cr (1.2% of standard book) as of Q4FY21.

E. Focused Lending Book: The share of retail portfolio in the overall book grew to 43.4% in FY21. Within the book, Farm Equipment grew 22% on YoY basis and TW book by 8%. The asset size of our Salaried home loans portfolio also grew by 6% in the same period.

 

(Rs. Cr) Q4FY20 Q4FY21 Book Growth (%)
Focused Lending Business
Rural Finance 27,661 30,080 9
Housing Finance 26,584 23,689 (11)
Infrastructure Finance 38,909 37,543 (4)
Total Focused Book 93,154 91,312 (2)
Defocused Businesses 5,230 2,702 (48)
Total Lending Book 98,384 94,013 (4)

The Average Assets under Management (AAUM) of the Investment Management business stood at Rs.72,728 Cr in Q4FY21. The AUM for Equity and Fixed Income asset classes as on 31stMarch,2021, stood at Rs. 40,374 Cr and Rs. 23,386 Cr, with a growth of 4% and 4%, respectively, on a QoQ basis.

F. Financial Performance

Concerted on-field efforts, data analytics led prioritization and resource allocation has led to an increase in collection volumes across businesses to pre-covid levels as well as strong disbursement momentum, supported by a higher total income.

The company posted a consolidated Earnings before Credit Cost (EBCC) of Rs. 1,481 Cr in Q4FY21, a 24 % increase YoY, from Rs. 1,192 Cr in Q4FY20.
o Steady increase in Fee income each quarter (Rural fee up by 5% in FY21 despite disbursements being down by 15%); OverallFee income up by 46%% YoY in Q4FY21
o Reduction in cost of funds by 78 bps YoYfrom 8.43% in Q4FY20 to 7.65% in Q4FY21
o Increase in total income by 16% YoY in Q4FY21
o Reduction in GS3 from 5.36% to 4.97% YoY; NS3 reduced from 2.28% to 1.57% YoY; Increase in PCRfrom 59% to 69% YoY
The PBT for Q4FY21 stood at Rs. 828 Cr, up 135% QoQ and 88% YoY (Rs. 440 Cr in Q4FY20).
o PAT (before exceptional items) of Rs.428 Cr in Q4FY21 vs Rs.386 Cr in Q4FY20
o After one-time exceptional items, PAT for Q4FY21 is Rs. 267 Cr

Mr. Dubhashi further added, “The merger of our three operating lending entities into one entity will enhance governance standards and we also believe that the simplified structure will lead to operational efficiencies and cash flow synergies, thereby creating long term value for stakeholders.Through FY21, LTFS has shown the ability to deal with extremely tough conditions and has emerged strongly. With the recent capital raise, we are suitably placed to deliver medium to long-term growth with increase in retailisation& well positioned to weather any short-term disruptions arising from second wave of Covid.”

Business World

Manipal Hospitals completes the acquiring 100% stake in Columbia Asia Hospitals

Apr 30, 2021 by Neel Achary 0 Comments #and Medical Group, #Chairman, #Dr. Ranjan Pai, #Manipal Education, #Manipal Hospitals

Bengaluru, April 30, 2021

Manipal Hospitals, today announced the successful completion of acquiring a 100% stake in Columbia Asia Hospitals Private Limited (Columbia Asia). The transfer of ownership has taken place post the completion of all regulatory approvals. With this acquisition, Manipal Hospitals becomes India’s second-largest multi-specialty hospital chain. Today, the integrated organization with the strong clinical expertise and breadth of services of Manipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, is uniquely placed to enhance access and address the growing demand for high-quality tertiary and quaternary healthcare in the country.

Commenting on the completion of the deal, Dr. Ranjan Pai, Chairman, Manipal Education, and Medical Group (MEMG), said, “We are pleased to have completed the regulatory processes that now allow these two outstanding healthcare delivery organisations to function as one. The focus now is on integration that captures the best from both systems so as to offer a world-class experience to all our patients. I once again welcome the entire team at Columbia Asia Hospitals to the Manipal family.”

The acquisition helps Manipal Hospitals with a remarkable geographical and cultural fit that Columbia Asia offers to reach a larger national footprint. Together, the combined entity now has 26 hospitals across 14 cities with 7,000+ beds, and a talented pool of 4,000+ doctors and 10,000+ employees. Treating over 4 million patients annually, the hospital chain today ranks amongst the largest healthcare provider networks in the country.

Sharing his views on the completion of the transaction, Dan Baty, Chairman, Columbia Pacific Management said, “I am extremely enthusiastic about the combination of Manipal and Columbia Asia as it will allow a greater number of patients to be served by the clinical and service excellence ingrained in both organizations.”

Columbia Asia Hospitals commenced operations in India in 2005 in Hebbal, Bengaluru and operated 11 hospitals across the country in Bangalore, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala, and Pune with over 1,300 beds, 1,200 clinicians, and 4,000 employees.

Business World

JustMyRoots is delivering COVID Meals in Kolkata

Apr 30, 2021 by Neel Achary 0 Comments #JustMyRoots

There are many topics in this world that people may disagree on. However, this pandemic is not one of them. We are living in difficult times, stressful times. To go out or not – it is terrifying to make even the smallest of choices given the dire consequences we all are facing.

But thank God, food is not one of those choices anymore. Now, JustMyRoots brings you COVID Meals straight to your doorstep. Cooking is usually the last thing one wants to do when feeling sick, which is why ordering COVID Meals for you and your family is the way to go.

House help not coming? Don’t feel like cooking? Daily meals in the City of Joy are just a finger tap away. And what’s more – these meals are prepared in well-sanitized environments by restaurants and home chefs of Kolkata who have joined hands with JustMyRoots for this mission. Every utensil, every surface is properly cleaned and sanitized. Afterall, safety is of utmost importance.

Well-cooked home meals are a cure to almost everything. These nutritious COVID Meals by JustMyRoots are delivered straight at your doorstep with full convenience. You can pick and choose from different meal packs depending on the number of people you need to feed. You can also customize the number of times you want food to be delivered in a day. In fact, you can pick meal packs for as many days as needed. There are vegetarian and non-vegetarian meals offering everything from dal, sabzi, roti, rice for lunch as well as dinner along with the choice of fish, chicken or egg.

All in all, it doesn’t matter where you are or where your family is in this pandemic. With, JustMyRoots you can get nutritious food delivered to your loved ones living anywhere in the city of Kolkata.

How to order:

You can call on 7777027222 or visit the website – https://justmyroots.com/

Come. Let’s Fight Covid Together!

Speaking about the partnership with restaurants and home chefs, Mr. Samiran Sengupta, Founder and CEO, JustMyRoots, states, “We care for the society and understand the trauma people are in because of the pandemic. So to bring ease to citizen’s life, we have brought this idea of Covid Meals to ensure safety measures and hygiene.”

Business World, News

Cigniti Technologies Q4FY21 Revenue

Apr 30, 2021 by Rekha Nair 0 Comments #Chairman & MD, #Mr. C V Subramanyam

Mumbai: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services,announced the consolidated financial results for the quarterended March 31, 2021.

The company’s reported Net Profit for Q4FY21 stood at Rs 24.67crore as against Net Profit of Rs 26.35crore in Q3FY21.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.02crore as against Rs 223.90 crore in Q3FY21.

EBIDTA for the Marchquarter was at Rs 33.25 crore and EBIDTA margin stood at 14.3%.
In Q4FY21 the Board of Directors recommended dividend of Rs. 2.50/- per share on face value of Rs. 10/- each, subjected to the approval of shareholders in the Annual General Meeting of the Company.

Management Commentary

Commenting on the results Mr. C V Subramanyam, Chairman & MD said, Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy to announce that we delivered a good performance for Q4 and year ended FY21 which is in line with our goals. Even with COVID-19 disrupting the economy, we were able to lay a strong foundation and consolidate our position.”

“We continued to generate a positive cash flow. I am happy that the board recommended maiden dividend of 25% and as a part of prudent governance we have also approved a dividend policy for the benefit of the investors. The company has entered the new financial year with a healthy sales run rate and a good order book position and is confident of marching ahead positively in the coming years”, he added.

Highlights for the quarter ended March 31, 2021

• Revenue from top 5 clients contributed approximately 21.0% of the Revenue
• BFSI, Retail & e-Commerce and Travel & Transportsectors contributed the most to the revenue for Q4FY21
• Revenue split geographically: North America & Canada – 89%, UK & Europe – 7%, Rest of the World 4%

 

News

Film Producer Sam Fernandes wants to bring theaters into homes to keep the pandemic at bay

Apr 30, 2021 by Rekha Nair 0 Comments #a Film producer, #Sam Fernandes

OTT platforms are gaining so much prominence within the entertainment sector today that it is just unavoidable. Streaming platforms are an evolution for the entertainment business and it almost feels like, for a certain generation, we are afraid to grow along with it.

“After creating multiple projects over the course of my life i feel that this pandemic has created a space for OTT platforms and with everything that is going on we need to embrace this” as said by Sam Fernandes In the earlier times before television came out, there used to be only theaters that provided such entertainment which then moved on to satellite channels. “It is sad with what has become of the state with this pandemic but instead of cowering we need to rise up and embrace what is in front of us” as powerfully stated by Sam Fernandes.

Theatrical experience is here to stay and there is no changing the fact that each individual loves going to theaters, having popcorn, and watching a movie together with friends and strangers alike. That joy is something that can never be taken away. Evolving with this idea, the entertainment of this country is aligning itself with streaming platforms making it possible to have this same experience at the comfort of your home with your friends and family.

Sam Fernandes, a Film producer, said that, “As an artist and a producer it is amazing to see people working together to connect and create with the audience and critics so that they are able to enjoy movies and shows at the inside their personal bubble.