Archive: March 23, 2023

Anupam Rasayan signs Letter of Intent worth $120 Million with one of the Leading Japanese Chemical Company

Surat, March 23, 2023: Anupam Rasayan (NSE, BSE: ANURAS), one of India’s leading custom synthesis & speciality chemical players, has signed Letter of Intent worth revenue of $120 Mn (₹984 crores) for next 6 years with one of the leading Japanese Chemical company to supply new age advance intermediate for life science active ingredient. This product will be manufactured in our existing as well as upcoming multipurpose manufacturing facilities.

Speaking about the contract, Anand Desai, Managing Director of Anupam Rasayan, said, “We are excited to announce that we will be primary supplier globally for this new age high value advance intermediate to the Japanese customer. We are happy to add yet another marquee Japanese multinational in our customer portfolio. Sales realisation for this molecule will be one of the highest for the company. This molecule is based on fluorination chemistry which further validates our strategy of expansion in fluorination.

This product is being manufactured for the first time in India and it is in line with the government’s make in India policy. This LOI demonstrates our technical capability to work on niche molecule along with Japanese customers and strengthens our revenue growth visibility in the coming years.”

Next-Gen Mobile Accessories Brand, Lyne, To Participate At The Mobile India Expo 2023

March 23 2023 – Lyne, a leading premium mobile accessories brands, is set to participate in the 6th Mobile India Expo 2023, taking place from March 27 – 29, 2023, at Pragati Maidan in New Delhi. One of the key sponsors of the event, Lyne’s parent company, U&i, will be among the biggest draws at the expo, where the brand will showcase its newly launched products and services.

The Mobile India Expo is India’s largest and most holistic exhibition for the mobile industry that presents brand owners, manufacturers, buyers, and other related entities with an opportunity to present their cutting-edge products and services, explore other newer technologies and establish a trustworthy network within the sector. Lyne, with an extensive range of 100+ launched products in the market, will be exhibiting its most popular mobile accessories and smart wearable items, including wireless earbuds, headphones, power banks, neckbands, smart watches, speakers, and other accessories. It will also display its very own augmented reality app, the Lyne AR App, which aims to provide buyers with a video of product details and specifications by merely scanning the box.

“Presenting Lyne products at the 6th Mobile India Expo is a great opportunity for us to gain and maximise brand awareness. This makes us available to a wide range of new technologies and solutions, as well as a diverse and untapped audience, all under one roof, positively adding to our extensive distribution chain. The exhibition showcases products from some of the most popular categories, along with some new to-be-launched products like Jukebox 6, Coolpods 14, Rover 10, Rover 17, Powerbox 10. In addition, we are also looking forward to presenting our own AR packaging app for people to experience and further discuss the brand’s next steps in the market. ,” said Meet Vij, Co-founder, Lyne.

Founded in July 2022, Lyne is a second-generation electronics company that provides premium, design-focused products and mobile accessories at competitive prices. Lyne is serving its customers to become one of India’s most recognised consumer electronics firms with its bold, trendy, and durable goods and powerful distribution network.

Lyne will be putting up its products against products and services from international brands from countries like China, Russia, Germany, the UAE, etc. It looks forward to leveraging and exploring new opportunities at the event and expanding its reach to a wider audience.

CollegeDekho appoints Parag Gupta as Chief Financial Officer

Mumbai, March 23, 2023: CollegeDekho, India’s largest higher education services ecosystem, has appointed Parag Gupta as Chief Financial Officer. Parag comes with over two decades of rich and diverse experience across all aspects of finance and will be leading the finance department of the company and will provide strategic advice to the CEO and the company board.

Parag Gupta is a qualified Chartered Accountant and has over two decades of experience working in the internet, e-commerce, fintech, banking and telecom industries. Before CollegeDekho, he served as a CFO in various organizations including Housr, PayPal, Nimbuzz, AT&T, Spectra, etc. In his various roles, he was instrumental in advising the board and the senior management in making prudent financial decisions which helped the companies in achieving their financial/investment targets besides ensuring financial health, cashflows and growth for the companies.

Commenting on the appointment of Parag Gupta as CFO, Ruchir Arora, Co-Founder and CEO of CollegeDekho said “We are thrilled to have Parag on board. He has a diverse array of experience in management and leading finance departments across several different businesses. CollegeDekho will benefit from Parag’s deep acumen in business planning and financial management as we move through our next level of growth.”

Commenting on his new role as a CFO, Parag Gupta said, “I am excited to join CollegeDekho in its mission to transform the higher education system in India. As the company embarks on an ambitious future, I look forward to working with Ruchir, Saurabh and Rohit as well as the rest of the leadership in driving strong growth for the company and building CollegeDekho as the leading player in the higher education space in India.”

Parag’s appointment comes at a time when CollegeDekho has led existing investors to double down on their investment by pumping USD 9 million into the company.

EuroKids launches Summer Club 2023 with unique themes

Mumbai, March 23, 2023: EuroKids, India’s most trusted brand, has rolled out its annual ‘Summer Club’ program to engage children in fun-filled activities during the summer break. Every year EuroKids launches a summer club program to assist children in acquiring new habits and forming a daily routine during the holidays. The program will help students make new friends, explore new hobbies and settle well for the new academic year. The different activities and unique themes will help children build reading habits and be more social, adaptive, curious, and open towards learning new things. The EuroKids Summer Club this year will offer customised activities for different age groups, such as (2 to 4 years) and (4 to 6 years).

The Wanderers group (2 to 4 years) includes modules like ‘The Flying Carpet’ and ‘The Jungle Book’, with adventures to enhance children’s creativity, bravery and confidence. The Jungle Book teaches children about the various skills required to adapt and survive in all circumstances like Mowgli, the fearless character from the book.

The Discoverers group (4 to 6 years) has modules like ‘Readers Café’ and ‘Little Scientists’. The Readers Café’ focuses on inculcating the love for reading among young learners through reading and interactive discussions of stories to further their communication skills. The Little Scientists module is designed to ignite scientific interest among children through various exciting experiments packed with amazing crafts to keep them engrossed.

At the onset of the ‘Summer Club’, K V S Seshasai, CEO, Pre-K Division, Lighthouse Learning said, “We are excited to launch the Summer Club program this year with new stories and unique activities as we believe the children’s demands are changing as their developmental needs are also continuously evolving. The summer club program brings opportunities for kids to develop new skills, help them settle in for preschool education, and make them future-ready. With each module, we aim to ensure that every child experiences an enriched learning experience, learns something new every academic year, and kick-starts their learning journey with lots of zeal and enthusiasm. It will help them settle comfortably for the new academic year and acquire new skills.

Navratri Festive Season Brings Assortment of Attractive Promotional Offers from Signature Global

Gurugram, 23rd March 2023: This festive season will witness a bonanza for customers as India’s leading real estate developers, Signature Global will be offering a host of lucrative promotional offers for its brand new independent floor projects and Shop-Cum-Office (SCO) Plots in Gurugram under its mission 2023. The assortment of stellar projects include the Signature Global City 79 B in Sector 79 B and Signature Global City 92-2 in Sector 92. The promotional offer gives prospective homebuyers who make bookings for their dream home with Rs. 1 Lakh a chance to win a brand new car worth Rs. 5 Lakhs and gold coins worth Rs. 50 Thousand. Additionally, customers making bookings for the Signature Global Shop-Cum-Office Plots in Sector 37D, will be eligible for a cornucopia of inaugural benefits and 50 gm gold worth Rs. 3 Lakhs. Together all these promotional offerings will not only generate more demand during the Navratri Festive Season, but also cement Signature Global as the first choice for both residential and commercial real estate property development in India.

On this occasion, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd. said, “The Navratri festive season is an auspicious time of the year, when families invest in buying property. We at Signature Global are delighted to offer these projects in Gurugram as part of our grand promotion. We are offering attractive cars and valuable gold coins to our customer who make booking for our independent floor projects. This festive season we are also running a plethora of promotional offerings for our commercial real estate projects and will be giving away inaugural benefits and gold combo offers to customers making bookings for our Shop-Cum-Office projects”.

He further added, “We have observed a paradigm shift as consumers nowadays increasingly favour open green spaces and amenities near their homes post the pandemic. As a result, our independent floors are equipped with state-of-the-art and modern amenities. Furthermore, our company is deeply committed to providing Green Homes with open green spaces to promote a healthy and sustainable lifestyle. Our top priority is ensuring minimal use of natural resources and implementing sustainable green building practices. All our projects are EDGE (excellence in design for greater efficiencies) certified and reflect our steadfast commitment to create an eco-conscious living environment”.

Signature Global City 79B and Signature Global City 92-2 independent floor project provide a serene and unpolluted lifestyle away from the congestion and commotion of the Millennium City. Both projects are designed by renowned Padam Bhusan architect, Hafeez Contractor. The interior designing aspect is catered by the internationally renowned interior designer Sonali Bhagwati. The projects are beautifully designed to be works of art juxtaposed amidst an urban location. The strategic locations of these projects will keep the dwellers connected to NH-8, Dwarka Expressway, Golf Course Road and Badshapur via Southern Peripheral Road.

HP and Dell laptops dominate Indian Markets in Terms of Ownership

Bengaluru, 23rd March 2023: HP and Dell laptops have continued their market dominance in India with a sales share 33.2 percent and 23.1 percent, respectively according to the latest Laptop Buyer Insights Survey, March 2023 published by 91Mobiles, India’s number one gadget discovery site. The survey did a year-on-year comparison of laptop ownership for 12 months. It compared the March 2023 data with the corresponding month in the previous year.

91Mobiles announced the pan-India survey recently. Apple, according to the survey, declined in ownership share by a good margin over the past year. Apple’s margin dropped to 2.7 percent in March 2023 as compared to 4.3 percent recorded in March last year. Chinese manufacturer Lenovo too dropped marginally in terms of ownership during the period.

The results revealed that a few brands have gained marginally over the year including Acer, MI, and MSI.

“The survey results highlight that the globalised Indian market offers several options for new-age laptop buyers. Our survey was carried out across a varied group of respondents in the age bracket range of 18 to 44 years. The scenario also presents a healthy picture of the market competition, price offerings and specifications. And brands are ready to take on the challenge,” said Nitin Mathur, co-founder & COO of 91mobiles.

Interestingly, Apple is also the leading brand when it comes to brand loyalty among its users. The brand commands the loyalty of over 77 percent of its current users. It beats Asus, HP, Acer, and Dell by significant margins, the survey added.

After Apple, ASUS seems to be the brand with the most loyal users as 64 percent are likely to purchase a new laptop from the brand. It is for this reason Apple is likely to gain a maximum number of new users. When asked about the preferred brand of choice for their next laptop purchase, around 55 percent of the survey respondents will either buy HP or Dell laptops.

The 91Mobiles survey revealed some interesting trends in consumer preferences and choices while purchasing laptops. Most buyers, while making a purchase, see the performance of the laptop, it said. More than 75 percent of the survey respondents consider performance as the most important factor for selecting a laptop brand. Battery life and storage are the other two prominent specifications buyers look at. Form factor, design and monitor display are secondary factors when buying a laptop. On this aspect, almost 70 percent of people consider the processor and its quality as the most important factors while evaluating a laptop’s performance.

What specifications matter?

Approximately 60 percent of the survey respondents preferred Intel-powered laptops. AMD, Apple, Qualcomm, and MediaTek followed. However, a decent 17 percent of buyers do not look at the processor brand.

Price specifications

More people are buying laptops priced ₹50k and higher, compared to 2022, the survey revealed, indicating that buyers are willing to shell out more for higher specifications and better performance.

However, laptops priced between ₹30,000 and ₹50,000 continue to dominate buyers’ preference. When it comes to purchasing a new laptop, more than 54 percent of the survey takers are likely to pay the full amount upfront, the survey added. Also, people are willing to purchase from online channels if the laptop is priced cheaper.

“The pricing trends highlight the fact that the Indian market remains price sensitive and consumers are often inclined toward buying which is value for money yet gives a quality performance. And laptop brands are willing to meet the customer needs,” added Bharanidharan Viswanathan, co-founder & CEO of 91mobiles.

GIFT City & Zone Startups organised their first RegTech Conclave

Gandhinagar, March 23, 2023: Zone Startups India (ZSI) in partnership with GIFT City, India recently conducted their first RegTech Conclave, a premier, invite-only event at the iconic BSE (formerly Bombay Stock Exchange) Building in Mumbai. This Conclave was the culmination event of ZSI’s RegTech Accelerator 2022 (India’s First Accelerator Program focusing on regulatory and supervisory technology solutions for the BFSI industry).

The program was conducted with support of the Department of Science and Technology, Govt. of India, and under the guidance of Reserve Bank of India, and International Financial Services Centres Authority, India. The accelerator had BSE, India INX, YES Bank, BCT Digital, Qapita and Sprinto as program partners, while Deloitte was the knowledge partner.

The highlight was the speech by Honorable Chief Guest Shri. R. Gandhi (Former Deputy Governor-RBI), who said, “It is a great idea to have this kind of Regtech Conclave, first time in India. It is a need for all stakeholders – not just the Regtech companies but all stakeholders like the regulators and other regulated entities. I am sure all have been looking for some forum like this in which all of us can come together and share each other’s expectations. The Conclave is a first step. I wish it continues in the coming years as well.’’

The conclave had special addresses and a panel discussion with eminent panelists on how to foster collaboration between BFSI enterprises and fintechs/startups. The conclave had a closed-door roundtable discussion attended by chief compliance officers of BFSI organizations, a Regtech whitepaper presentation by Deloitte, launch of the Regtech report, and prize distribution for the winning startups of the cohort.

Shri Hemant Gupta, MD-Zone Startups India, said, ‘’The ZSI RegTech Accelerator is the first accelerator program of India focused on regulatory and supervisory technology solutions for the BFSI industry. While India has one of the most mature and complex regulatory landscapes in the world, this is the first time that a structured program is being conducted to bring innovation into the RegTech space. I am hoping this will be the start of a movement for RegTech gaining attention and momentum.’’

The audience comprised representatives from the esteemed Indian banking and financial services regulators and the BFSI regtech domain as well as program partners, cohort members and innovation ecosystem participants. The second day had a series of workshops and training sessions held for the cohort.

The power-packed event had an impressive line-up of dignitaries from the BFSI industry. After the welcome address by Shri. Hemant Gupta (MD-Zone Startups India) and Shri. Sandip Shah (GM-GIFT City, Gandhinagar) there were the opening remarks by Shri Joseph Joshy (CTO-IFSCA) and Shri Suvendu Pati (CGM-Fintech Department, RBI). Citing the example of the regtech accelerator initiative the regulators stressed on the need for continued collaboration within the regtech and fintech ecosystem in order to build affordable solutions which can be deployed faster. Fintechs were welcomed to apply under the sandbox schemes of the regulators and were also spurred to scale their solutions beyond India.

Next in line were the pitches by the startups from the accelerator cohort, showcasing their critical and path-breaking regtech innovations, vying for cash prizes of INR 22 Lakhs. The jury comprised BFSI industry veterans and innovation leaders.