Archive: May 3, 2023

Jakson Group continues to be the preferred EPC partner for leading Metro Rail projects in India

New Delhi, 3 May 2023: Jakson Group, one of India’s fastest-growing energy conglomerates, has reinforced its position as the preferred EPC partner for the country’s major metro rail projects. The company has successfully completed a number of metro projects around the nation and has built a solid reputation for its knowledge, experience, and dedication to quality.

The company has recently completed projects for Bangalore Metro Rail Corporation, Delhi Metro Rail Corporation Ltd, and Rail Vikas Nigam Ltd. The extensive experience in designing, engineering, procuring, and commissioning large-scale Civil & Electrical EPC projects, has enabled Jakson Group to deliver cutting-edge solutions that meet the diverse requirements of its clients. The company has a proven track record of completing projects on time.

Elaborating more on the project, Mr. Raghav Gupta, Managing Director, EPC – Electrical, Water & Civil, Jakson Group said, “We are pleased to continue our collaboration with India’s major metro rail projects. Our extensive EPC experience has helped us to create reliable and cost-effective solutions that assist our clients to reach their goals. We take pride in playing a role to deliver the greatest last mile connectivity and seamless distribution network to our clients while contributing to the development of the country’s infrastructure.”

Additionally, Jakson Group has expanded its EPC portfolio into the water supply network with its project for State Water & Sanitation Mission (SWAM) in Uttar Pradesh. This will include O&M of various rural water supply projects in the state for the next 10 years.

Brillio Acquires CloudStratex, a Leading UK-Based Cloud Infrastructure Advisory Services Company

INDIA — May 2, 2023 — Brillio today announced that it has entered into an agreement to acquire CloudStratex, a London-headquartered advisory services company that helps clients build smarter, more agile, and efficient cloud infrastructure to accelerate digital transformation.

This acquisition will enhance Brillio’s presence in the UK and Europe, strengthen Brillio’s consultative client engagement model, and expand its offerings for banking, financial services, and insurance (BFSI) clients. The combination of Brillio’s digital engineering capabilities, industry-oriented solutioning, and global execution model with CloudStratex’s advisory and cloud infrastructure expertise, deep client relationships, and reputed leadership will further strengthen the two companies’ ability to deliver superior business outcomes and experiences to their joint clients.

“The combined strength of Brillio and CloudStratex not only underscores our focus on the UK, Europe, and the BFSI sector, but also adds to our deep expertise in making IT more agile by helping enterprises move to secure cloud and modern engineering environments. Our clients globally will benefit from the acquisition,” said Raj Mamodia, Founder and Chief Executive Officer of Brillio. “This will open exciting new avenues for us to collaborate with our clients in not just building agile and efficient infrastructure, but also uncovering actionable insights from it to create greater business value. We are thrilled to welcome CloudStratex’s talented professionals to Brillio and look forward to leveraging our well-aligned expertise and values to turn technology disruptions into competitive advantages for our clients.”

“We are delighted to join a like-minded, high-growth organisation such as Brillio,” said Adrian Overall, Chief Executive Officer of CloudStratex. “In Brillio, CloudStratex has found a digital-native partner propelled by the same values and founder mindset that have helped CloudStratex become one of the fastest-growing technology advisory services companies in the UK. Brillio’s global reach, diverse industry experience, and entrepreneurial culture will allow us to unlock the benefits of scale and a broader portfolio of digital skills, services, and solutions, which are critical for us to drive future growth and provide greater opportunities for our clients.”

CloudStratex provides cloud infrastructure advisory services to clients in the UK and Europe. Founded in 2019, it is one of the fastest-growing private IT companies in the UK and was ranked 27th in the Sunday Times 100 list in 2022. CloudStratex has partnerships with ServiceNow (recognised as the 2023 ServiceNow EMEA Premier Partner of the Year), Microsoft, and AWS. The company employs more than 170 technology and consulting professionals, based primarily in the UK. It serves more than 15 Global 2000 multinational companies.

Flowace helps in reducing human bias in layoffs

Mumbai: May 3, 2023: Layoffs are all around us. Employees especially in the IT and allied industries have been gripped by fear of being laid off and dread the prospect of getting the pink slip. Most often, employees feel that they have been shortchanged by their immediate superiors as the whole process is subjective and fraught with human bias.

Flowace, a productivity and billing management platform has software that is fully automated and gives a non-judgmental assessment of the employees’ performance. This has been used extensively in the services sector and provides employers with a fair assessment of staff productivity.

According to Varun Kodnani, Co-Founder, of Flowace, “We have developed software to measure the productivity of staff on an ongoing basis. Humans are naturally biased and this reflects in disenchantment amongst staff when asked to quit and they feel done in. Managers are also helpless as they have preconceived notions of staff performance. Our software assesses performance and the manager can present this to staff as the measurement is fully automated.”

He further adds, “It also helps identify silent workers or your Dark Knights for whom this tool is helpful. It also sends out the message from the leadership team that it is empathetic to employee sentiments. In toto it helps the senior management to build empathetic leadership at an organizational level so that the retention of employees would far exceed the expectation of the management in the short to long run”

Flowace is an AI-based tool that helps in workforce automation across sectors. It tracks employee efficiency and helps in re-assigning tasks to increase productivity. It maximizes billable hours and shores up profitability.

Successful companies pride themselves on helping clients reduce costs by increasing productivity and early adoption of AI and ML. Digitalization is transforming the industry and Flowace helps companies look at investing in productivity tools to enable efficient workflow management and also provide employees with work-life balance and reduce attrition.

Portworx by Pure Storage Announces Partnership

Hyderabad/Bangalore, India – May 3, 2023 — Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world’s most advanced data storage technology and services, today announced a new partnership between Portworx by Pure Storage and MongoDB. The partnership includes a first-of-its-kind integration between the industry’s first Database-Platform-as-a-Service (DBPaaS), Portworx Data Services, and MongoDB, and revolutionizes how developers build modern applications. Enterprises can integrate MongoDB Enterprise Advanced, a self-managed database, with Portworx for easier adoption in a private cloud, on-premises, or hybrid environment.

Industry Significance:

As databases scale with multiple deployment models, the DevOps teams tasked with managing database lifecycles are challenged by increased operational complexity as they manage the significant time and effort required to provision, setup, configure, and administrate database instances to build an enterprise platform. When developers choose additional data services for other use cases, these challenges only increase.

MongoDB’s platform was built by developers, for developers to make data incredibly easy to work with. With MongoDB, developers can quickly build distributed applications at scale and easily access, manage, and analyze the data within their applications.

With the new partnership integration, Portworx Data Services uniquely offers a single pane of glass to deploy and manage MongoDB clusters in conjunction with the end customer’s technology stacks.

News Highlights:

The new partnership integration enables development teams to bring the benefits of Portworx Data Services to MongoDB Enterprise Advanced deployments. Benefits include:

• Automate MongoDB Lifecycle Management: Enterprises gain the unique ability to bring their own self-managed MongoDB database and have a fully managed cloud experience for on-premises deployments, reducing time to market for applications built on MongoDB Enterprise Advanced.
• Reduce Infrastructure Costs and Increase Operational Efficiency Personnel Costs: Enterprises can achieve significant infrastructure savings running MongoDB with just-in-time, automated, and thin provisioning. Additionally, with Portworx Data Services, organizations can manage their entire MongoDB data pipeline from one place, allowing teams to do more with their existing resources. There is no need for multiple platform specialists, reducing overall personnel costs associated with managing the platform.
• Single Platform Interface Across Hybrid Environments: Using Portworx Data Services, enterprises can support, manage, and operate their entire MongoDB data pipeline. This includes development, testing, monitoring, quality assurance, and production, as well as all of the additional data services required to build an application across hybrid environments.

Executive Insight:

• “MongoDB is excited about our new partnership with Portworx Data Services. Integrating MongoDB Enterprise Advanced with Portworx will accelerate time to value for development teams. By combining MongoDB’s document database and Portworx’s Database-Platform-as-a-Service, we’ve enabled today’s enterprises to meet the most demanding database requirements – all from a single management layer.” – Lars Herrmann, VP of Partner Ecosystem, MongoDB

• “Speed and innovation are the principles that form the foundation of every strong development team, with the use of modern databases to build and deliver new, innovative applications driving a significant competitive advantage across industries. We’re excited to enable joint customers to eliminate the complexity and cost associated with managing modern databases, and offer a single platform to manage multiple tools, portals, and distributed- and microservices-based applications using MongoDB.” – Venkat Ramakrishnan, VP, Product Management and Engineering, Portworx by Pure Storage

GIS Felicitates its back stage workers

1 May was the day to honor the contribution of the heroes who always work hard for the smooth functioning of any organisation. It is a special occasion to celebrate the true essence of this working class. They make our work easy and work tirelessly. The first day of May, also known as May Day, was celebrated as Labourers’ Day in India. Following its tradition of recognizing this precious day, Gillco International School celebrated it with great enthusiasm and reverence for these valuable people. The Chairman of the school, Mr. Ranjit Singh Gill motivated and encouraged the workers with his benign presence.

The music department of the school filled each and everyone present there with pride and excitement through their self-composed energetic melodies. The Chairman, Mr. Gill, The Principal, Ms. Ruchi Sharma, and The Vice-Principal,

Dr. Shiv Shankar Paul presented them with a token of appreciation and gratitude to them show respect for their unflinching support and help to run the system consistently.

Mr. Gill addressed the workers and said that it is labor indeed that puts the difference in everything. Today is a day to think, to thank those who wake up to work to their best. It is just not one single day when they need to be thanked. At the same time, he encouraged me to work with dedication, determination, and honesty for the betterment of the institution.

Agora Launches Real-Time Transcription Solution

Bengaluru, India — May 3, 2023 — Agora, Inc. (NASDAQ: API), a pioneer and leading platform for real-time engagement APIs, today announced the launch of Agora’s Real-Time Transcription solution. The solution provides developers with the fastest, most accurate, and affordable automated transcription, and subtitling capabilities that can be easily integrated into any app or service.

Traditional transcription services face challenges which limit their value, such as inaccurate results when transcribing voice to text in noisy environments, not understanding heavily accented speech, and the inability to accurately transcribe real-time conversations between multiple people where there is overlapping speech. Agora’s Real-Time Transcription solution meets customer demand to solve these challenges while being more accurate and cost effective than other top speech-to-text vendors. Key features include:

• Live Transcription: Transcribe real-time audio and video to include captions to improve audience reach and experience.
• Speaker Labeling: Easily label who said what with a speaker dropdown to ensure accurate speaker information with the transcription.
• Searchable Transcripts: Search for words, phrases, and themes across all transcripts. Leverage transcript as input to ChatGPT or other generative AI solutions.
• Recording Captioning: Play back audio or video recordings with closed captions (CC).
  Channel-Based Transcription: Transcribe with multiple active hosts in a channel and deliver a transcript to all participants while only paying for the channel duration—not the number of users or speakers.

“The launch of our new Real-Time Transcription solution provides instant audio transcription to developers and brands, allowing them to boost accessibility and discoverability for their end users,” said Tony Zhao, CEO and co-founder of Agora. “This powerful cloud-based technology is designed to seamlessly integrate with any app or service.”

While closed captioning makes any audio or video content more accessible, the real-time nature of Agora’s solution extends that accessibility to live audio and video. The transcription service provides instant subtitles for any live meeting, conference, event, cast, or video stream—while enabling other essential services such as content moderation. The solution scales from one-to-one video calls to many-to-many streaming, and can support transcription with up to 100 people in an audio chat group. In addition to increasing accessibility for people with hearing impairments or difficulty understanding a spoken language, Real-Time Transcription improves the discoverability of audio and video content without the need for replay.

Real-Time Transcription can be applied across a wide variety of industries to improve user experience and reach larger audiences. Universities can provide students with real-time captions and automatically log notes for virtual lectures. Retail brands can now reach a wider audience and improve discoverability in live shopping experiences. Call centers can quickly extract important information from customer conversations. And enterprises can provide real-time automated notes in meetings to keep everyone aligned in a remote work environment.

“Any industry that is reaching their audience or customers through audio or video will benefit from Real-Time Transcription technology,” said Zhao. “We’re excited to see the impact our solution will have on improving engagement with audiences everywhere.”

Agora’s Real-Time Transcription solution is currently in public beta, with general availability planned for Q3 2023.

Cashfree Payments partners with YES BANK to offer international payment collection service to Indian exporters

Bangalore, May 03, 2023: Cashfree Payments and YES BANK have come together to offer ‘Global Collections’, an international collection service for exporters, who are account holders of YES BANK. Under this partnership, the Bank’s account holders will be able to collect payments in over 30 foreign currencies using the Global Collections service. The funds so received can then be converted into INR and settled into their local bank account in India within one business day.

In addition to having dedicated facilities in 4 currencies (USD, GBP, EUR, and CAD), the product also enables global collections in over 30 currencies up to the equivalent of USD 10,000 in line with the Reserve Bank of India’s (RBI’s) Online Payment Gateway Service Providers (OPGSP) guidelines.

Mr. Ajay Rajan, Country Head – Digital and Transaction Banking, at YES BANK, said, “YES BANK has been at the forefront of digital innovation in the payments landscape of the country. The partnership between YES BANK and Cashfree Payments aims to simplify and revolutionise the way Indian exporters receive payments from across the world. This is aligned with the Government’s focus on boosting exports, especially in the MSME sector to make India a global manufacturing and services hub. The launch of Global Collections will empower the exporters to have real time access and control over their payments and collections journey.”

Mr. Reeju Datta, Co-Founder, of Cashfree Payments, said, “We’re excited to partner with YES BANK to streamline international payment collection for Indian exporters. With the rapidly growing export industry, innovative payment infrastructure is needed to simplify the money flow and meet compliance requirements without hassle. Global Collections and our partnership with YES BANK will help us in achieving our goal of fuelling India’s export growth by providing affordable, top-of-the-line payment infrastructure.”

Exporters will be able to share their payment collection details with their buyers over email, SMS, or WhatsApp, and the buyers will be able to make payments using local rails like Automated Clearing House (ACH), Single Euro Payments Area (SEPA), etc.

Some of the Key benefits of using Global Collections for exporters include:

•  Fast onboarding
•  Auto-generation of e-FIRA within a day
•  Seamless reconciliation of incoming payments and settlements
• Payment will be settled in INR to the exporter’s YES BANK account in India
•  Exporters can give their overseas clients options to pay via local bank transfer, like ACH or SEPA
•  Ability to accept payments from over 180 countries in more than 30 currencies
•  Save more on FX compared to traditional Swift for small-value transactions

Exporters will receive their settlements in INR in their local bank accounts in India. Further, exporters will also be able to get foreign inward remittances advice (e-FIRA) within 24 hours.

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products. Cashfree Payments is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm, and Google Pay. Apart from India, products offered by Cashfree Payments are used in eight other countries including the USA, Canada, and UAE.

Anupam Rasayan India Limited Reports Q4 and FY23 Results

Surat, May 3, 2023: Anupam Rasayan India Ltd. (BSE- 543275, NSE- ANURAS, ISIN: INE930P01018), one of India’s leading custom synthesis and specialty chemical players, has announced its financial results for quarter and year ended March 31, 2022.

Consolidated Financial Highlights for Quarter Ended March 31 st, 2023:

•  Operating Revenues at ₹4,800 million in Q4FY23 as compared to ₹3,249 million in Q4FY22 – growth of 48% Y-o-Y.
•  Total Revenues at ₹5,042 million in Q4FY23 as compared to ₹3,169 million in Q4FY22 – growth of 59% Y-oY.
•  EBITDA (incl. other revenue) at ₹1,416 million in Q4FY23 as compared to ₹969 million in Q4FY22 – growth of 46% Y-o-Y.
•  Profit After Tax at ₹726 million in Q4FY23 as compared to ₹461 million in Q4FY22 – growth of 58% Y-o-Y.

Consolidated Financial Highlights for Year Ended March 31 st, 2023:

•  Operating Revenues at ₹16,019 million in FY23 as compared to ₹10,738 million in FY22 – growth of 49% Y-o-Y.
•  Total Revenues at ₹16,105 million in FY23 as compared to ₹10,811 million in FY22 – growth of 49% Y-o-Y.
•  EBITDA (incl. other revenue) at ₹4,399 million in FY23 as compared to ₹3,121 million in FY22 – growth of 41% Y-o-Y.
•  Profit After Tax at ₹2,168 million in FY23 as compared to ₹1,522 million in FY22 – growth of 42% Y-o-Y.

Speaking on the performance, Mr Anand Desai, Managing Director, Anupam Rasayan commented, “It gives me pleasure to share that we have continued our growth momentum with a 49% YoY revenue growth on the back of new products commercialized during the year as well as the steady growth of the organic portfolio. On the operations part, we continue to focus on adding more value-added products to our basket as well as bringing financial efficiencies. We have already started witnessing the results of the same which is visible in stable margins and improved working capital resulting in strong cash generation of ₹2,440 Mn from operations. Our strategic investments in infrastructure, people, and technology have also started yielding great results which is visible in the growth that we have delivered as well as the new LOIs we have signed where the majority of the customers are new clients. We will not stop here and further invest in strengthening and expanding these pillars of growth. As we stand, we have signed contracts and LOIs of ₹ 54,830 Mn giving us strong revenue visibility for the coming years. At the same time, we are witnessing robust traction in customer engagement as we remain in the advanced stage of discussions with customers across geographies for many niche and high-value molecules. All these factors give us reassurance of sustained robust growth in FY24.”

TAF 2023 :: Indian Authentication and Traceability Industry takes the pledge for Zero Counterfeiting

New Delhi, May 03rd,2023:Leading India’s fight against counterfeitingThe Authentication Solution Providers’ Association (ASPA) has committed itself to the ambitious target of Zero Counterfeiting. With this vision, the association is aggressively advancing on a strategic path toward strengthening the front against counterfeiting. The association has already rolled out a five-year strategy from 2022-2027, to become a global Industry voice in the authentication and traceability ecosystem. The association has announced the next chapter of its pioneering program ‘Traceability and Authentication Forum’ scheduled for 6-7th July 2023 at Hotel Hyatt Regency, Chanakya Puri, New Delhi.

The underbelly of counterfeiting and illicit trade is a huge threat to the economy, deeply rooted over the years, and with an unfortunate push due to the pandemic plus its lingering effect counterfeiting increasingly causing damage across all sectors. Counterfeiting constitutes almost 25-30% of the products (State of Counterfeiting in India 2022). It is found to be most prevalent in key sectors such as pharmaceuticals, Agriproducts, Apparel, Automotive, FMCG, and Consumer Durables among others.

ASPA believes that an effective change can be brought about only by implementing a Strategic Plan which includes advanced research and development, promoting the adoption of solutions, increased awareness of Authentication and Traceability solutions (ATS), developing tools to measure the impact of counterfeiting and its scale, encouraging the adoption of professional ethics and best practices within the Association and enhancing the global reach and footprint of ASPA.

Sharing his thoughts during the meeting, Mr. Nakul Pasricha, President of, the Authentication Solution Providers’ Association (ASPA), said, “As the nation celebrates 75th Independence Year as “Azadi ka Amrit Mahotsav”, ASPA commits itself to the vision of Zero Counterfeiting and align their strength towards this goal. We are proud of the progress our nation has made and to truly accelerate this progress for the future, we need to address the problem of counterfeiting and illicit trade. In the post-pandemic transformed India, it is impossible to visualize the product ecosystem without the growing use of anti-counterfeiting, authentication, and traceability solutions. Governments and businesses will have to work together towards fighting counterfeiting to ensure the overall well-being of citizens, protect consumers from getting cheated, protect products, and protect businesses. The return on investment in authentication solutions is significant, and we are confident that India will see a sharp rise in adoption of these technologies and solutions.”