Archive: January 26, 2023

Microsoft Team Delegates visited Road Construction Department Control and Command Centre

Patna 26th January 2023: Road Construction Department Control and Command Centre and Rodic consultants were delighted to welcome the Microsoft team delegates Mr PK Jain, Mr Amit Das, and Mr Anand. Rodic consultants operating as a Project Management Unit at RCD Control and Command Centre is in charge to administer and supervise 13,000 kilometres of road in real-time with the help of web and mobile application which was designed, constructed and deployed by them. The delegates were briefed about the concept of a Performance-based Road Maintenance contract (OPRMC-Bihar) by RCD and Rodic officials’ team and how this unrivalled concept also comprises the standard operating procedures and makes it divergent from traditional road maintenance and also not overlooking the benefits it provides to citizens and department too.

Microsoft delegates were amped up after getting to know about the robust mechanism that is put in place to monitor and facilitate overall decision-making via real-time digital monitoring. Rodic Consultants also put forward their approach and plan of action for achieving digitally enabled proactive maintenance. Rodic’s aim is to transform Bihar’s OPRMC into a people- and technology-driven road maintenance ecosystem. The delegates were briefly elucidated with the RCD’s Road Maintenance application on how the engineers of the department will discover the defects on the road and how the mobile app will help in reporting with geotagged photos and videos of the particular place. The communication flow of single source truth data from engineers to contractors, executive engineers, and the command and control centre was also illustrated.

The RCD control and command centre demonstrated how they are using the web-based application to monitor and view the defects reported from Bihar’s 44 divisions. Business intelligence dashboards which were derived from data, i.e. (analytics and advisory) were also illustrated by the key experts of Rodic Consultants. These intelligence dashboards are highly equipped which will report and tackle all the key data insights like Division performance, Engineer performance, Contractors closing on defects, Statewide defect analysis, Inspection trend analysis, and time trend on defect closing whether within or beyond response time. The overall benefits of the Road construction department solution such as increased visibility to all stakeholders enabled transparency in the department ecosystem, improved engineer efficiency and faster decision making were also the key highlights of the demonstration. The entire solution, which provides real-time data, as well as the analytical reports generated, astounded delegates. They also praised the technical expertise of the Rodic consultants as well as the dedication of the staff at the Control and Command centre, noting the level of commitment they demonstrated. The visit was a huge success, and the Microsoft team was overjoyed with their experience.

Punjab National Bank celebrates 74th Republic Day

New Delhi, 26 January 2023: Punjab National Bank (PNB), the nation’s leading public sector bank, on Thursday celebrated the 74th Republic Day with fervour and enthusiasm at its headquarters in New Delhi. The celebration began with PNB MD & CEO Shri Atul Kumar Goel unfurling the National Flag in the presence of EDs, CVO, CGMs and senior officials of PNB.

Speaking on the occasion, Shri Atul Kumar Goel, MD & CEO, Punjab National Bank, said, “Since the adoption of the constitution on 26 January 1950, Republic Day gives us yet another chance to remember the sacrifices of our great warriors without whom we would not be able to enjoy our freedom and democracy today. Over the last 74 years, our country has made lot of progress in the field of financial services, IT, and infrastructure among others and we are considered to be the 5th largest economy in the world. Despite being struck with the coronavirus pandemic and geo-political tensions, we have emerged as a resilient nation and continue to march towards growth and would soon become the 3rd largest economic power by 2030.” PNB MD & CEO also highlighted the various business achievements for the quarter and introduced new HR initiatives for the employees.

As part of the celebrations, PNB, in collaboration with PNB PRERNA, an association comprising of senior women officials of the bank and the wives of senior bank officials whose primary goal is to support and promote the bank’s CSR efforts, distributed bookshelves, water dispensers, volleyballs, ceiling fans to Sarvodaya Bal Vidyalaya, located in the Uttam Nagar area of West Delhi. PNB also distributed winter jackets, sweaters, water steamers, electric kettles and heating bags to PRERNA Social Development & Welfare Society (a non-government organization).

The event concluded with tricolour balloons being released in the sky as the symbol of peace, prosperity, and valour of the country. The premise also reverberated with cultural programmes performed by the PNB Parivaar on the occasion.

This Republic Day, Paytm offers up to ₹100 cashback on payments made through Paytm UPI on all Zomato food orders

One97 Communications Limited (OCL) owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, Paytm, today announced a special Republic Day offer, where customers can earn ₹10-100 cashback on ordering food on Zomato and paying through Paytm UPI. As the Republic Day parade enthralls Indians all over, for those watching it from home, this offer is to make their day extra special.

With this, customers can order their favorite food on Zomato, and make payments using Paytm UPI, saving both time and money. To avail of this Republic Day offer, users need to have a minimum order value of ₹159, and this will be valid three times per user.

The champion of mobile payments Paytm is enabling superfast and secure transactions through Paytm UPI. Users can do direct bank-to-bank transfers in a completely safe manner and that too in a few, simple steps using UPI on Paytm. The company had also recently announced users can receive and send money instantly to any mobile number with a registered UPI ID across platforms using the Paytm app. This further deepens Unified Payments Interface (UPI) interoperability and roots for the adoption of mobile payments.

How to avail of this offer:

• Select the PAYTMREPUBLIC promo code in the apply coupon section on the Zomato app
• Make payment using Paytm UPI
• Users will earn cashback directly in their bank account

NMDC releases its Sustainability Report on 74th Republic Day

Hyderabad, 26 January 2023: National miner NMDC celebrated the 74th Republic Day of India with pride and patriotism at its Head Office and Projects across India. Shri Sumit Deb, CMD, NMDC hoisted the National Flag at Khanij Bhavan, Hyderabad and addressed the employees of the largest iron ore producer in the country.

NMDC’s CMD Shri Sumit Deb, Director (Finance) Shri Amitava Mukherjee, Director (Production) Shri Dilip Kumar Mohanty and CVO Shri B Vishwanath released the company’s Sustainability Report based on Environment, Social and Governance (ESG) principles.The report is a comprehensive document that covers all nine principles of the Business Responsibility and Sustainability Reporting (BRSR) framework. The theme of NMDC Sustainability Report is “Shouldering National Responsibility”.

The company invited children who won the NMDC AzadikaAmritMahotsav Drawing and Quiz Competitions to its Republic Day Celebrations. By felicitating the children, NMDC encouraged the future of our country to envision a new India and contribute to nation-building tomorrow.

In his Republic Day address, Shri Sumit Deb said, “As arduous it was to make this country a Republic, it is equally challenging to build an India that can tend to the needs and aspirations of the people of this Republic. NMDC is devoted towards making India into an iron and steel powerhouse, but our role in nation building goes beyond that. An eco-friendly and socio-culturally responsible company, we ensure that India’s development is sustainable and inclusive. It is NMDC’s honour to fulfill our duty of building a glorious and self-reliant nation.”
In the run-up to Republic Day 2023, NMDC organized Indoor Games and Competitions to engage employees and stakeholders. Winners of Chess, Table Tennis, Carrom, and certain entertainment games were also awarded during the ceremony.

Republic Day was celebrated by Indian Overseas Bank (IOB)

Republic Day was celebrated by Indian Overseas Bank (IOB) at their central Office which was marked by an impressive Parade, unfurling of the National Flag (Tri-colour) by Shri Ajay Kumar Srivastava, MD & CEO at 0800 Hours to the tunes of National Anthem. This was followed by the administering of the Pledge on National Integration by MD & CEO. Executive Directors Mrs. S Srimathyand other Senior Executives participated in the function. A magnificent parade and Patriotic songs by staff added grandeur to the function. The employees of IOB participated enthusiastically in the national event.

Orion Mall unveils unique 60-foot “Ship of Patriotism” on India’s 74th Republic Day

Bengaluru, 26 January 2023: Orion Malls by Brigade Group celebrated India’s 74th Republic Day by unveiling a unique, 60-foot “Ship of Patriotism” on the 26th of January 2023 at the lakeside of Orion Mall, Brigade Gateway. The ship featured several prominent quotes from numerous martyrs and defence personnel who dedicated their lives in service of the nation. Mr Vineet Verma, Director, Brigade Hospitality and CEO, World Trade Center, Bengaluru graced the occasion as ‘Guest of Honour’ and unfurled the National flag and presided over the celebrations that included a patriotic musical performance by The Jyotsna Srikanth Project.

Some of the quotes on “The Ship of Patriotism” read “I regret I have but one life to give for my country” by Flying Officer Prem Ramsingh Ramchandani; “If death strikes before I prove my blood, I promise, I will kill death” by Captain Manoj Pandey, Param Vir Chakra, 1st Battalion, 11 Gorkha Rifles; “The enemies are only 50 yards from us. We are heavily outnumbered. We are under devastating fire. I shall not withdraw an inch but will fight to our last man and our last round” by Major Somanth Sharma, Param Vir Chakra, 4th Battalion, Kumaon Regiment; “Either I will come back after hoisting the tricolour, or I will come back wrapped in it. But I’ll be back for sure” by Captain Vikram Batra, Param Vir Chakra, 13th Battalion of the Jammu and Kashmir Rifles; “Some goals are so worthy, it’s glorious even to fail” by Capt. Manoj Kumar Pandey, Param Vir Chakra, 1/11 Gorkha Rifles; I won’t die in an accident or die of any disease. I will go down in glory” by Major Sudhir Kumar Walia, Ashoka Chakra, 9th Battalion, Para (Special Forces), among others.

Speaking about the initiative, Sunil Munshi, VP, Retail, Orion Malls by Brigade Group said, “We at Orion Malls strive to create something new every time, we get an opportunity to do so and wanted this Republic Day to be a unique commemoration of the selfless contribution of our armed forces. We honour and express our sincere appreciation and respect for our soldiers, many of whom have laid down their lives for the safety and security of our nation. Patrons at Orion Mall at Brigade Gateway will have the unique chance of paying tribute to the men and women who have served the nation with valour while also using the ship as a perfect photo opportunity.”

The 60-foot ship painted by artist – Baadal Nanjundaswamy, will be on display at the Orion Mall at Brigade Gateway from the 26th of January 2023 to the 31st of January 2023. The Jyotsna Srikanth Project instilled a sense of patriotism among patrons at the mall with memorable performances that included. Two mesmerizing musical performances including a classical fusion, film, folk performance by The Manasi Prasad Ensemble and a fusion, film, Sufi performance by The Rakesh Collective were conducted in the leadup to the Republic Day celebrations.

Q3 FY22-23 Consolidated Revenue stood at Rs. 2,727 crore, Growth of 13% Y-o-Y

New Delhi, India – 26th January 2023:

CEAT Limited (CIN No: L25100MH1958PLC011041), an RPG Group company, announced its unaudited results for the third quarter ending on 31st December 2022.

On a consolidated basis, the Company’s revenue closed at Rs. 2,727 crores, EBITDA margin stood at 13%, an expansion of 144 bps vs Q2 FY22-23. Net profit stood at Rs. 35 crores.

Commenting on the results as well as the outlook of the business, Mr. Anant Goenka, Managing Director, CEAT Limited, said, “Our margins continue to improve as a result of the cooling commodity prices. Growth is led by domestic demand as we remain cautious about international markets that are getting impacted by recessionary trends.

Going forward, our outlook for Q4 is positive. We have the capacities available to cater to a growing market demand. Our factory at Halol has recently been certified as a Lighthouse Factory by the World Economic Forum at Davos for the application of Industry 4.0 technologies. This is a testament to our digital capabilities in driving manufacturing & supply chain efficiencies, better product quality, and customer service.”

On a standalone basis, the Company’s revenue stood at Rs. 2,711 crores, and its EBITDA margin stood at 8.7%, an expansion of 160 bps vs Q2 FY22-23. Net profit stood at Rs. 42 crores.

Mr. Kumar Subbiah, CFO of CEAT Limited, said, “Our standalone EBITDA margins improved during the quarter by 160 bps over the previous quarter largely due to lower input costs and tight control over operating expenses. We brought down our overall inventories by Rs. 280 crores, which helped in bringing efficiencies in operating cashflows and minimizing our borrowings. We intend to maintain our capex for the year at around Rs. 900 crores in line with our annual plan. With the correction in commodity costs, the margin outlook is positive for the next quarter.”