Archive: May 2, 2023

Rockwell Automation and Confederation of Indian Industry collaborate to Launch Smart Manufacturing Training Program

New Delhi, May 2, 2023 – Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation and Confederation of Indian Industry (CII) have hosted an inaugural two-day training program on Industry 4.0, in collaboration with the Foundation for Smart Manufacturing (FSM) – Indian Institute of Technology Delhi and Grupo Bimbo India. The training aims to promote the adoption of smart manufacturing technologies by Indian enterprises.

Participants from diverse industries including Heavy Machinery, Steel, Petroleum, Textile, and Electronics were trained during the first edition of the program held on 27-28 April 2023 in the Gurgaon-Delhi National Capital Region (NCR).

The training program is designed to help the Indian industry acquire fundamental knowledge and understanding of smart manufacturing and related technologies. It provides first-hand exposure of Rockwell Automation’s technology capabilities through physical and virtual tours of its advanced facilities located in Gurgaon and Singapore. Participants also get an immersive experience by witnessing successful smart manufacturing installations at select industrial sites as well as technology demonstrations at IIT Delhi’s FSM lab.

Speaking on the occasion, Dilip Sawhney, managing director, of Rockwell Automation India said, “Rockwell Automation has been associated with the CII Smart Manufacturing Council since its inception, and we are very excited to launch a training program on Industry 4.0 in collaboration with them. New-age technologies are paving the way for smart and intelligent manufacturing in India. Through this collaboration, we aim to strengthen the capabilities of professionals working on Industry 4.0 and bring enterprises a step closer to smart manufacturing in India.”

Ankur Singh Chauhan, executive director, CII said, “We are happy to collaborate with Rockwell Automation on Industry 4.0 training program. Participants will immensely benefit by getting quality training and exposure to some of the most advanced technologies around Industry 4.0. As an industry body, it is our endeavor to develop such training programs to enable Indian enterprises in adopting smart manufacturing technologies.”

The first cohort of the program included a diverse group of senior and middle management executives from industrial functions such as production, plant operations, plant IT, manufacturing engineering, digital engineering, enterprise strategy, safety, quality, and sustainability.

Innovations in Marketing – Past, Present and Future

Mumbai, India – Upstream Business Solutions, is proud to announce the India International Elevate Marketing Summit: iiEMS 2023, a one-day conference scheduled for Friday, 19th May 2023, at the Four Seasons Hotel, Worli, Mumbai.

The iiEMS conference is a unique platform designed to foster new connections and showcase the latest innovations in marketing. With over 40 speakers, 100+ delegates, exclusive knowledge sessions, and unmatched networking opportunities, this conference is a must-attend for all marketers looking to stay on top of emerging trends and get a sneak peek into the future of marketing.

With ever-evolving trends and new technologies, the marketing industry is undergoing a massive shift. The marketing concepts of the past are different from those of the present. The future of marketing will be more diverse and distinctive. From driving a company’s strategy to focusing on relationship building, the yesteryears of marketing are now being accompanied by data analysis & digital marketing. Today, the exquisite pairing of concept, creativity, technology, and data-driven ideation is elevating brands to success.

Focusing on the growing need of the marketing industry, the theme of the conference is “Innovations in Marketing – Past, Present and Future“, and it will feature CXO-level speakers from various companies, including Landor & Fitch, Starbucks, upGrad, Lubrizol, Swiggy, Alexa, Uppercase, Giva, Group M, Policybazar, Schneider, Syska, Clovia, VI, and Hero Electric, among others.

The conference will offer immersive presentations, engaging panel discussions, and exclusive knowledge sessions such as brand gupshup, ask me anything, keynote sessions and fireside chats. The networking lunch will provide an opportunity for delegates to connect with peers, exchange ideas, and explore new opportunities.

Mr. Mohit Mewani, Partner and CEO at Upstream Business Solitons mentioned “We are excited to bring together the best minds in the marketing industry to discuss the latest innovations, trends, and strategies. The iiEMS conference is a unique opportunity for marketers to transform their approach towards marketing innovation, culture, & strategy.”

To learn more about the India International Elevate Marketing Summit 2023, visit the official website at https://www.iiems.asia

A 7-Year-Old Vivansh Vineet Gupta Triumphs in Upcoming Star Category at Suprlegends Cubing Championship

Mumbai 02 May 2023: Vivansh Vineet Gupta, a 7-year-old, emerged victorious in the Upcoming Star category of the Suprlegends Cubing Championship, an offline Rubik’s Cube competition organized by the Junior Cube Association in Mumbai. The competition took place on April 29th at Phoenix Kurla Mall and drew 555 participants from various age groups across India. Children and adults alike participated in the event.

Vivansh, a student of N L Dalmia School, participated in the under 9 age group category in Suprlegends Cubing Championship. He developed a liking for Rubik’s Cube at the age of 5 years. Apart from this achievement Vivansh at the young age of 4 years, has also set a record in Asia for being the youngest to read and write the numbers and number names from one to 999 decillion in India Book of Record 2021. He loves skating and playing cricket in sports.

The Suprlegends Cubing Championship is an inaugural event of 2023, that first-time saw the collaboration between like-minded institutions like Junior Cube Association – Ketan Vira, Supr Legends – Mangesh Balkhande, Genius Kids, and Indian Cube Association – Eusebeus Noronha. The primary objective of this global competition is to honor the captivating universe of twisty puzzles by uniting enthusiasts from various backgrounds and proficiency levels. Employing a hybrid approach, the championship blends offline and online events to accommodate a broader audience and surpass geographical limitations.

“I feel overjoyed to witness my son receiving trophies at such a young age. Since he has always been passionate about Rubik’s cube, we encouraged him to pursue his hobby. I firmly believe that participating in such competitions will facilitate his holistic growth and well-being,” said, Shilpi Vineet Gupta, Vivansh’s mother.

Leena Savla, one of the Director of, Junior Cube Association, said, “The Supr Legends Cubing Championship provided a supportive and friendly environment for participants to showcase their problem-solving abilities and connect with like-minded cubers. The event included various interactive activities such as workshops, webinars, and live streams, which created a space for learning and growth. The competition emphasized values such as sportsmanship, perseverance, and camaraderie, contributing to the development of a global community of passionate puzzle solvers. Overall, the event inspired a new generation to embrace the intellectual and social benefits of twisty puzzles.”

Ketan Vira, Leena Savla, and Pallavi Vira, directors of the Junior Cube Association, aspire to establish Rubik’s Cube as a brain sport that enhances cubing skills and creates memorable moments by merging passion and proficiency.

boAt collaborates with Snehadhara Foundation to enable and encourage social inclusion

New Delhi, 2 May 2023. boAt, the leading Indian audio wearable brand collaborated with Snehadhara Foundation, a registered non-profit organisation for the ‘Arts Practices for Inclusion Program’ (API). It is a first-of-its-kind course that looks at therapeutic practices and social inclusion through the arts like visual arts, drama, music, movement, and play.

With #DoWhatFloatsYourboAt as a philosophy, boAt is committed to nation-building, and believes in identifying and supporting the youth who are self-aware, ambitious, and who aren’t afraid to challenge the norm in their pursuit of passion. The API program supported by boAt is aimed to create a community and ecosystem to bring about inclusion for children with learning disabilities and difficulties with the help of art, music, and drama.

The course focuses on training special educators who will redefine learning, inclusion, empowerment, and development, and will impact the lives of 1000s of children. These trainers will be working with marginalized groups and populations, including children with special needs, senior citizens, children of sex workers, children within pediatric palliative care centres, government schools, amongst others.

Snehadhara Foundation, which started as a small attempt at creating learning spaces for varied learners in 2012 has today worked with over 7500 plus children and adults through direct interventions, 75,000 children and adults through indirect interventions and trained over 2200 professionals across 500 organisations in 8 countries.

Commenting on the collaboration, Aman Gupta, Co-Founder & CMO, boAt said “We’ve always supported and encouraged the go-doers and the change makers. We are happy to support Snehadhara Foundation to further the greater inclusion of children with special needs and vulnerable groups through specially designed art & music programs. We will continue to support similar NGOs to bridge the gap by becoming true enablers of passion and encouraging them to #DoWhatFloatsYourboAt.”

Snehadhara Foundation, said, “We are pleased to receive support from boAt in our journey to transform communities for inclusion. We aim to sensitise 10,000 beneficiaries and work with over 1200 direct beneficiaries, through trained individuals, towards vulnerable groups thereby creating an environment of inclusion with this project”.

Imagine Marketing (parent company of boAt) collaborated with Snehadhara Foundation as part of their corporate social responsibility for the FY 2022-23.

Kotak Mahindra Bank Announces Results FY23

Bengaluru, 2nd May, 2023: The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2023, at the Board meeting held in Mumbai, today.

Kotak Mahindra Bank standalone results 

The Bank’s PAT for FY23 increased to ₹ 10,939 crore from ₹ 8,573 crore in FY22, up 28% YoY and for Q4FY23 stood at ₹ 3,496 crore, up 26% YoY from ₹ 2,767 crore in Q4FY22.

Net Interest Income (NII) for FY23 increased to ₹ 21,552 crore, from ₹ 16,818 crore in FY22, up 28% YoY and for Q4FY23 increased to ₹ 6,103 crore, from ₹ 4,521 crore in Q4FY22, up 35% YoY. Net Interest Margin (NIM) was 5.33% for FY23 and 5.75% for Q4FY23.

Fees and services for FY23 increased to ₹ 6,790 crore from ₹ 5,413 crore in FY22, up 25% YoY and for Q4FY23 increased to ₹ 1,928 crore from ₹ 1,575 crore in Q4FY22 , up 22% YoY.

Operating profit for FY23 increased to ₹ 14,848 crore from ₹ 12,051 crore, up 23% YoY and for Q4FY23 was ₹ 4,647 crore, up 39% YoY (Q4FY22: ₹ 3,340 crore).

Net customer additions in Q4FY23 was 2.2 mn. Customers as at March 31, 2023 were 41.2 mn (32.7 mn as at March 31, 2022).

Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 19% YoY to ₹ 3,52,652 crore as at March 31, 2023 from ₹ 2,95,273 crore as at March 31, 2022. Net Advances increased by over 18% to ₹ 3,19,861 crore as at March 31, 2023 from ₹ 2,71,254 crore as at March 31, 2022.

CASA ratio as at March 31, 2023 stood at 52.8%.

As at March 31, 2023, GNPA was 1.78% & NNPA was 0.37% (GNPA was 2.34% & NNPA was 0.64% at March 31, 2022). Credit cost on net advances for Q4FY23 was 24 bps (annualized) (including standard provisioning; excluding reversal of COVID & restructuring). The provision coverage ratio stood at 79.3%.

Capital Adequacy Ratio of the Bank, as at March 31, 2023 was 21.8% and CET I ratio of 20.6%.

The Board of Directors of the Bank has recommended dividend of ₹ 1.50 per equity share having face value of ₹ 5, for the year ended March 31, 2023, subject to approval of shareholders.

Consolidated results at a glance 

Consolidated PAT for FY23 increased to ₹ 14,925 crore from ₹ 12,089 crore in FY22, up 23% YoY and for Q4FY23 was ₹ 4,566 crore, up 17% YoY from ₹ 3,892 crore in Q4FY22.

PAT of Bank and key subsidiaries given below:

At the consolidated level, the Return on Assets (ROA) was 2.62% for FY23 (2.36% for FY22) and for Q4FY23 (annualized) was 3.06% (2.94% for Q4FY22). Return on Equity (ROE) was 14.4% for FY23 (13.4% for FY22) and for Q4FY23 (annualized) was 16.9% (16.6% for Q4FY22).

Consolidated Capital Adequacy Ratio as per Basel III as at March 31, 2023 was 23.3% and CET I ratio was 22.3%.

Consolidated Capital and Reserves & Surplus as at March 31, 2023 was ₹ 1,12,254 crore (₹ 97,134 crore as at March 31, 2022). The Book Value per Share was ₹ 563.

Consolidated Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew by 19% YoY from ₹ 3,29,866 crore as at March 31, 2022 to ₹ 3,93,882 crore as at March 31, 2023.

Total assets managed / advised by the Group as at March 31, 2023 were ₹ 4,20,880 crore up 10% YoY over ₹ 3,82,709 crore as at March 31, 2022.

The financial statements of Indian subsidiaries (excluding insurance companies) and associates are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial statements of subsidiaries located outside India are prepared in accordance with accounting principles generally accepted in their respective countries. However, for the purpose of preparation of the consolidated financial results, the results of subsidiaries and associates are in accordance with Generally Accepted Accounting Principles in India (‘GAAP’) specified under Section 133 and relevant provision of Companies Act, 2013.

Rario partners with Kolkata Knight Riders to launch exclusive digital collectibles

New Delhi, 2^nd  May, 2023: Get ready, cricket fans, because Rario, the biggest digital cricket fan club out there, is joining forces with Kolkata Knight Riders (KKR) for an incredible three-year partnership! By leveraging the power of blockchain technology, Rario will create exclusive digital player cards for KKR supporters, offering access to unique and unforgettable experiences such as meet-and-greets with their favourite players and VIP seats at the IPL tournament. These one-of-a-kind experiences provide celebrity-like access and make the supporters feel like a part of the inner circle. No true KKR fan would want to miss out on this match made in heaven!

This groundbreaking partnership showcases Rario’s unwavering dedication to delivering cutting-edge products, while KKR is taking bold steps to connect with and excite its loyal fanbase.

In a statement, Rario’s Co-Founder and Chief Executive Officer, Ankit Wadhwa, said, “I am thrilled to announce our partnership with KKR as their official digital collectibles partner. With this collaboration, we aim to redefine the fan experience by launching Fan badges – exclusive collectibles that provide unprecedented access to KKR fans. From once-in-a-lifetime experiences to meet-and-greet opportunities with their favourite players, our Fan badges will enable fans to connect with their beloved team like never before. We are excited to embark on this journey with KKR and revolutionize the world of digital collectibles.!”

Commenting on the partnership, Mr. Venky Mysore, CEO Knight Riders Group, said, “We at KKR always look forward to delivering an exciting and engaging fan experience, and this partnership is a testament of our commitment towards the KKR fans. Along with Rario, the aim is to explore news ways to connect with our audiences, and digital collectibles is an important part of that effort. We are thrilled about this new offering for the fans and hope they enjoy the unique experiences that comes with it.”

Cricket isn’t just a sport, it’s a way of life with a rich history and culture. And now, with this incredible partnership between Rario and KKR, the boundaries of what’s possible in the sport are being pushed even further with the latest cutting-edge technology. These digital collectibles are not just exclusive, but they’re also designed to offer fans a range of unforgettable “money can’t buy” experiences that they would not be able to get elsewhere. Owning one of these digital collectibles is more than just a statement of support for your favourite team or players, it’s a symbol of ownership and connection that you’ll cherish forever. Get ready to take your love for cricket to the next leve.l

By joining forces, Rario and KKR are presenting fans with a unique and exceptional opportunity that cannot be found elsewhere. KKR has now become a member of Rario’s IPL team lineup, which already includes Gujarat Titans and Punjab Kings.

To know more about Rario Fan badges visit : https://www.rario.com/innercircle/indiat20/kkr

Joy E-bike evolves Distribution Channel to boost EV Sales, Deep Bharat Connect

Mumbai/Vadodara, 02 May 2023: Giving a major boost to its distribution network, India’s leading two-wheeler EV manufacturer Ward wizard Innovations and Mobility Ltd. has announced to restructure its distribution-dealer model and establish 150 ‘Distributor Showrooms’ at the district level in order to cement its relationships with Taluka-level Dealers. These showrooms will ensure efficient supply chain management for the distributors and dealers, and increase the ease of getting vehicles for customers.

The company currently has more than 600 touch-points in the country, and the process of establishing new distribution models aims to promote the high-performing taluka dealers to the next level of District Distributors. The decision has been taken by the management of the company where the opportunity of becoming a distributor would first be given to the existing dealers who supported Joy e-bike in becoming a reputed brand in the country. The number of distributors will vary basis population and demand in the district. The change has been pre-scheduled by a year to meet the continuously growing demand for the company’s products.

Speaking about the decision, Mr. Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd, said, “Owing to the high demand of our vehicles, we decided to pre-schedule the advancement of our distribution model to bridge the demand and supply gap, and elevate customer-experience. The process of evaluation has already been initiated, and we aim to develop 150 distributor showrooms by September this year. Our loyal and high-performing dealers will be promoted as Distributors who will act like the frontline company representatives at the district level. We intend to make our products easily accessible to all in order to push India’s transition to EVs.”

With more than 10 models in its portfolio in both high and low-speed categories, the company has established a strong presence in more than 55 major cities across India and aspires to reach nook and corner of the country. It has recently commenced the delivery of its new electric two-wheeler MIHOS and electric three-wheeler Joy e-rik, in a phased manner across Gujarat and Maharashtra.