Archive: May 22, 2023

Celebrate Jamai Sasthi the JustMyRoots Way

ATTENTION MOTHER IN LAWS!! That Special Day of the Year is round the corner. Yes,” Jamai Shoshthi” is, knocking on your doors, and this year, if you are again feeling low because your son-in-law cannot make it on that day, FRET NOT!!

Justmyroots is at your beck and call, a click is all that would take to convert your son in laws FAST to a Grand Jamai Shoshthi FEAST, let’s find out how!

The flavour of family bond is usually expressed through social customs. India is a vast country, hosting people of multiple cultures and communities, and consequently, celebrate varied customs which enriches the family bonding further. Such is a custom of Bengalis in which they celebrate a day, which is dedicated to celebrating their son-in-law and it is called “Jamai Shoshthi.” The son-in-law is called “Jamai” and Shoshthi means “sixth,’ and since the festival is observed on the sixth day of Shukla Paksha (waxing moon) in the Jyestha month of the traditional Bengali calendar (May-June), the name is indeed very apt.

The traditional festival of Jamai Shoshthi originated ages ago as a part of a women’s socio-religious duty. It displays the beautiful bond of the son-in-law with his in-laws and aims to draw him closer to the family, wherein, the mother-in-law performs Sasthi puja to seek her blessings for the good fortune and prosperity of her daughters and the sons-in-law’s post which, a grand feast is laid down.

JustMyRoots is all about reliving and supporting everything nostalgic and traditional. In today’s hectic lifestyle, this custom, like many, is rarely celebrated, because, due to work commitments, a vast portion of the working population has moved away from their hometowns to other different locations within the country. JustMyRoots plans to bridge this gap and to keep the flames of tradition burning. Their Unique DFH(Direct from Home) Service,  will now deliver the mother-in-law’s home-cooked feast to their sons-in-law, on this special day, thus ensuring, the continuance of this special tradition.

For Bengalis, settled away from Bengal, Justmyroots, could also deliver fresh Ilish Fish, Lobsters,  Rewaji Mutton, and other varieties of raw and fresh products, so that, mother in laws, can prepare the feast, with produce, directly sourced from Kolkata, and Justmyroots would deliver both, raw products to the mother in laws and finished cooked dishes, to their son in laws.

Besides, one can simply order mouth-watering delicacies, from many heirloom Restaurants, across Kolkata, through JustMyRoots, a pioneer in intercity perishable food delivery platform, and can get it delivered to over 30 plus cities all across India. No, meal is complete, without, quintessentially Bengali Misthis. Justmyroots, also delivers special Jamai Shoshti Shondesh, Roshogolla, Mishti Doi, Mango Rabri, and many such delicacies, all across, their cities of operation.

Order now at: https://justmyroots.com/category/Top-8-Jamai-Shoshthi-Dishes

To place an order, you can download the app ‘JustMyRoots’ from Playstore or Appstore, or reach them on +91 7042059800 and check out their latest deals on https://justmyroots.com/

XS.com Announces Diamond Sponsorship of the Money Expo in Mexico

Mexico, 22nd May 2023 –XS.com, the multinational global FinTech and financial services provider has today announced that it has taken on the position as the Diamond Sponsor of the Money Expo Mexico 2023 taking place in the Centro Citibanamex on 24th – 25th May, in partnership with event organisers HQMENA.

Paulo Baptista, Senior Business Development Manager LATAM at XS.com will be conducting an educational seminar during the event. Baptista is an experienced Business Development Manager with a demonstrated track record in the financial services industry. He has a strong focus on Portfolio Management, Risk Management, Customer Service, Sales, and Strategic Planning and will be available throughout the event to meet visitors and answer any questions they may have.

Andrea Ilies, the Global Head of Events at XS.com, commented on the sponsorship of the Money Expo taking place in Mexico:

“We are delighted to announce our role as Diamond Sponsor of the Money Expo Mexico 2023, one of Mexico’s premier financial services events. The organizers continuously strive for innovation in their approach to exhibitions within the region. As part of their interactive series of educational and networking events across Latin America and beyond, XS.com takes great pride in being associated with this event. We extend a warm invitation to all participants, and encourage them to join our team of highly skilled professionals for engaging discussions and personalised assistance with their queries. At XS.com, we are excited about the opportunity to connect with attendees and showcase our cutting-edge trading solutions and services.”

Michael Xuan, Executive Director at HQMENA said:

“We are incredibly excited to have XS.com partnering with us at the Money Expo Mexico 2023 as our Diamond Sponsor. The event offers a unique platform to engage with a diverse audience of over 3,000 attendees. This includes financial brokers, investors, traders, IBs, affiliates, and B2B technology providers who are actively shaping the market. We are excited to have XS.com present and highlight their products and services, personally connect with potential clients and investors and reach a wide-ranging audience spanning the financial services industry. Don’t miss this chance to make valuable connections and expand your reach within the dynamic financial landscape in South America.”

The XS.com sponsorship offers the opportunity to connect with a leading service provider and enhance traders skills, knowledge, and investment strategies. The XS Group is excited to establish connections with participants, showcasing the broker’s cutting-edge trading solutions and services.

Tata AIG’s partnership with VSPAGY offers customized personalized video solutions

Mumbai, May 22, 2023: Tata AIG General Insurance Company Limited, one of India’s leading general insurance companies, has partnered with VSPAGY to offer personalized video interactivity to customers.

The partnership with VSPAGY aims to educate and engage customers and make them aware of the benefits provided by Tata AIG’s products. Tata AIG identified that many customers didn’t understand the benefits of health insurance, thereby leading to decreased renewals and higher customer attrition. The platform uses Tata AIG’s existing CRM, and enhances customer engagement with longer video duration session by generating hyper-personalized information in real-time.

Initiated as a pilot project, the campaign’s success led to continuous implementation for over a year. Personalized video interactivity streams are now automatically generated on a monthly basis and delivered to customers through Tata AIG’s distribution channels. 

Krishnan Badrinath, Senior Vice President – Information Technology, Tata AIG said “Our aim has always been to focus on consumer requirements and address those needs. Many customers are not fully aware of the benefits provided by us. Our partnership with VSPAGY to come up with solutions in order to educate customers about the various offerings has resulted in a positive outcome. The unique personalization, video interactivity plug-ins, CTA buttons provided customers with easy renewable process thereby leading to increased renewals and decline in customer attrition. At Tata AIG, we leverage innovative solutions to ensure that customers receive the utmost value and understanding from their insurance policies.”

XTB starts offering stocks in the MENA region

UAE, Dubai – 22nd May 2023

XTB, global fintech, isexpandingitsinvestmentoffer in the MENA region. Starting May 22nd, investors will have the opportunity to invest in stocks from the 15 largest stock exchanges in the world, including the NYSE, LSE, and Deutsche Boerse.

XTB has been systematically expanding its offer with new products. This is driven by the desire to offer the users of the proprietary investment platform the widest possible opportunities for capital allocation options. For several years, investments based on real stocks and ETFs have been increasingly popular. From May 22nd, investors from the MENA region will have access to these types of investments.

New investment opportunities

Until now, XTB’soffer in the MENA market was based on CFDs. The last two years of the global fintech in this market show that there is enormous investment potential in this region, thus the expansion of the product offering.

Starting from May 22nd, XTB’soffer in the MENA market will include real stocks (from the European and US stock markets) and ETFs (from the European markets). Users of the XTB platform will have the opportunity to purchase stocks and ETFs from up to 15 of the largest stock exchanges in the world, including the New York Stock Exchange, London Stock Exchange, and Deutsche Boerse.

– The development of our product offer in the MENA market is a natural step in our growth. We also provide our clients with a full investment spectrum so we are constantly working on the development from both the perspective of products but also technology- says Omar Arnaout, CEO of XTB. – I will also not hide the fact that our branch in Dubai is one of the fastest growing. This shows the enormous interest in financial markets in this region and I am pleased that local investors will gain new investment opportunities – Arnaoutadds.

Investors interested in stocks and ETFs at XTB will receive an extremely attractive offer in financial terms. The minimum transaction value starts at 10 EUR. However, what is important, the investment platform does not charge any commissions for such transactions until the monthly turnover exceeds 100 000 EUR. Above this limit, transactions in stocks and ETFs are charged a commission of 0.2% (min. 10 EUR).

Increased interest in the capital market

The addition of stocks and ETFstoXTB’s offer is the expansion of possibilities for users with different investment strategies. CFD-based instruments are characterized by high volatility and are intended for active investors, whereas stocks, and especially ETFs, are products for people leaning towards more passive investing. In some markets, e.g. in Poland, Portugal, Romania, and the Czech Republic, a significant part of XTB clients buy shares and ETF funds.

– During their cent years during the COVID-19 pandemic, the tense geopolitical situation and rampant global inflation have created many investment opportunities in the market. Bothforproponentsof is active and passive investing. I am pleased that with the expansion of XTB’s offer in the MENA region, local investors will gain new investment opportunities – says AchrafDrid, director of XTB MENA.

In the first quarter of 2023, XTB generated over EUR 64.4 mm in consolidated net profit. This is a record quarterly result in the company’s history. Furthermore, the total number of clients on the global investment platform exceeded 721,000, with an increase of over 104,000 in the first quarter of this year alone.

Orion Bets Big on Stadium-as-a-service

India, May 22, 2023; Orion Innovation (“Orion”), a leading digital transformation and product development services firm, will participate in the Global Sports Innovation Center (GSIC) Summit 2023, taking place in Madrid, Spain, on May 25-26. The GSIC Summit, powered by Microsoft, is an exclusive event for GSIC members, providing sports industry professionals with visibility across the sports sector. This year’s summit will focus on “Traditional sports, Esports & gaming innovation in the era of web 3.0.”

Sports is akin to a festival in India, the country has a very long sports history, with sports being a part of tradition, culture, finance (in terms of huge sponsorships and spends), and entertainment. It generates the highest television viewership, and has stadiums filled to capacity during international and Indian Premier League (IPL) matches. Stadiums play a pivotal role in any sporting event, as it can transform a simple game into an unforgettable spectacle. India’s Narendra Modi Stadium holds the pride of being one of the largest stadiums in the world. With increasing investments in sports infrastructure, India is angling towards becoming one of the global sporting hubs in the world.

Digital transformation is going to be the key ingredient for this, as data-driven solutions will simplify the management of conducting major leagues from VIP ticketing to performance tracking and help enrich the audience experience through interactive dashboards and detailed reporting.

Orion’s Stadium-as-a-Service solution enables stadium owners and operators to deliver a better fan experience before, during, and after the game. As a main sponsor, Orion’s team will participate in various discussions, showcasing their expertise and solutions in sports technology, fan engagement, and sports operations. Satish Kumar, Professional Sports, Entertainment, and Cloud and Infrastructure Services Leader at Orion, will deliver a keynote speech about the company’s latest Stadium-as-a-Service offering.

“We are proud to sponsor the GSIC Summit 2023, an event that highlights the importance of innovation and technology in the sports industry,” added Satish. “Orion is committed to helping sports entities and companies grow and develop by leveraging our deep understanding of sports, technology, and innovation. We look forward to meeting with our clients, partners, and fellow GSIC members and showcasing our Stadium-as-a-Service solution.”

Orion works with some of the biggest sports leagues across Europe, the US, and APAC. The company leverages more than two decades of global sports, media, and entertainment experience to provide sports entities with data-driven solutions to better manage their complex businesses. Orion has transformed the operations of major global sports and entertainment businesses with solutions rooted in digital strategy, experience design, and engineering.

IRB Infra’s FY23 PAT doubles Y-o-Y to Rs. 720 Crs

New Delhi, May 22, 2023: IRB Infrastructure Developers Ltd. (IRB), India’s leading and the largest integrated multi-national highway infrastructure developer today announced the FY23 Financial Results, including Q4 Results, in its Board Meeting held at Mumbai.

The Board, in line with its Dividend Policy, has declared 2^nd Interim Dividend of 7.5% on face value of equity share of Re. 1/- each making aggregate dividend payout of Rs. 120 Crore for FY23.

Financial Highlights of Q4FY23:

Commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director, of IRB Infrastructure Developers Ltd. said, “We experienced vibrant FY23 on all fronts. We bagged new BOT project; started construction of two BOTs and a HAM project; achieved CODs for a couple of BOT projects; and witnessed robust growth in toll collection. To add, we transferred a HAM project to the public InvIT; saw investments coming in from our global partner for prestigious Ganga Expressway; we facilitated equity share split to enhance interest of small investors, etc.” He further added, “FY24 looks to be promising, as we had 19% toll revenue growth in first month itself; got another TOT project, taking our share in TOT space to ~37%, the largest by any player in the sector. We expect to continue growth momentum throughout the year.”

The key highlights of business performance for FY23 are:

• Toll revenue including Private InvIT SPVs,  in FY23, was 40% higher Y-o-Y

• Toll collection through FASTag crossed 95% mark

• Construction commenced on Ganga Expressway and Palsit Dankuni BOT projects; and Chittoor Thachur and Pathankot Mandi HAM project

• Bagged Samakhiyali to Santalpur 6 laning BOT project of 90.90 Kms stretch on NH27 with cost outlay of Rs.2,132 Crs in the State of Gujarat
• Completed re-financing of 3 BOT assets under Company’s private InvIT through redeemable non-convertible debentures issued on private placement basis, thereby cashflow saving of Rs.550 crores over the period of 5 years.
• Transferred Vadodara Kim HAM project, which is part of New Delhi Mumbai 8 Lanes Greenfield Expressway and realized 1.2 times of equity invested, to the IRB InvIT Fund, a listed Public InvIT sponsored by the Company

Arvind SmartSpaces Ltd. Q4 & FY23 Financial Results

India, May 22, 2023: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies announced its financial results for the quarter and full year ended March 31, 2023.

Performance summary of FY23: 

• Bookings grew by 33% YoY; Rs. 802 Cr vs. Rs. 601 Cr last year
• Collections increased by 1% YoY, Rs. 600 Cr vs Rs. 595 Cr last year
• Revenue from Operations stood at Rs. 256 Cr vs. Rs. 257 Cr last year
• EBITDA amounted to Rs. 49 Cr vs. Rs. 49 Cr last year
• PAT grew by 2% YoY, Rs. 26 Cr as against Rs. 25 Cr last year
• Net Interest-bearing funds as on Mar 31, 2023, is ₹ -30 Cr (vs Mar 31, 2022, ₹ -107 Cr) increased by ₹ 77 Cr during the year due to increased business development. Net Debt (Interest-bearing funds) to Equity ratio at (0.07) as on Mar 31, 2023, vs (0.26) on Mar 31, 2022.
• Acquired new projects with an expected topline of ~Rs. 930 cr during the year

• • Added 60 acres with a topline of Rs. 600 crore in Bangalore – Doddaballapur Road, North Bangalore, and Sarjapura
  • Added 125 acres with a topline of Rs. 330 crore in Ahmedabad – Fruits of Life and South Ahmedabad

• Launched three projects successfully during FY23 including Arvind Greatlands, Fruits of Life, and Forreste 5 which contributed 56% of booking value for FY23

Performance summary of Q4 FY23: 

• Bookings grew by 63%YoY; Rs. 244 Cr vs. Rs. 150 Cr last year
• Collections increased by 17% YoY, Rs. 188 Cr vs Rs. 160 Cr last year
• Revenue from Operations stood at Rs. 93 Cr vs. Rs. 161 Cr last year
• EBITDA stood at Rs. 20 Cr vs. Rs. 22 Cr last year
• PAT amounted to Rs. 9 Cr as against Rs. 14 Cr last year
• Arvind Greatlands Phase 2 launched on March 26, 2023, received a remarkable response. Witnessed bookings of Rs. 100 crore (the entire launched inventory) within 7 hours.
• Added ~7 acres to the Doddaballapur Road, project. The size of the project has increased to 41 acres with a topline of ~Rs. 388 crore. This project is under HDFC Platform 2. This is ASL’s 9^th project in Bangalore. There is a potential opportunity to increase the size of the project significantly by 1.7X subject to technical due diligence.

• Added ~2 acres to the Sarjapura project. The size of the project has increased to 19 acres with a topline of ~Rs. 670 crore.

Commenting on the Q4 & FY23 performance, Mr. Kamal Singal, Managing Director and CEO, of Arvind SmartSpaces said, “We are delighted to inform that the Company has recorded the highest ever annual bookings of Rs. 802 Cr, a growth of 33% over FY22. For the first time, a number of units sold crossed 1100 units milestone annually. Brand Arvind continues to resonate strongly with homebuyers across Ahmedabad and Bangalore markets. This is evident from the stellar performance of our new launches including Fruits of Life, Forreste V, and Greatlands, which contributed 56% of our booking value for FY23. From a quarterly perspective, we had the strongest ever Q4 bookings at Rs. 244 crore, second consecutive quarter with Sales Value of over Rs. 200 crore.

 Our Bangalore presence has strengthened further, reporting our highest-ever sales value at Rs. 463 crore in FY23, up 228% YoY, contributing 58% to the total annual bookings. Both phases of Greatlands have received overwhelming responses from customers. Bangalore region is shaping up well, and we expect it to get stronger in the coming years with increased launches and business development activities.

Both FY23 and Q4 Collections were the highest ever in the Company’s history, a result of efficient execution of the virtuous process of focus on sales, registrations, construction, and deliveries. Strong collections and profitability resulted in operating cash flows of more than Rs. 200 crore. Despite increased investments in Business Development activities our Net Debt remained negative at Rs. (30) crore, on account of significant internal accruals.

 As a company, the focus always remains on shareholder value creation. We are happy to share the Board of Directors recommended a final dividend of Rs. 1.65/- per equity share and a one-time special dividend of Rs. 1.65/- per equity share, totaling to a dividend of Rs. 3.30/- per equity share of face value of Rs. 10/- each.

The momentum in the Indian housing market continued with the rise in residential sales, the decline in inventory levels, and appreciation in capital values across major cities.  Going forward, we are set to expand our portfolio of projects with several launches lined up across a range of micro markets in Ahmedabad and Bengaluru. Our investment program of Rs. 1,000 crore is very much on track and we look forward towards its deployment in business development activities in the coming quarters. FY24 is expected to be year of new launches, project additions, and bigger milestones for ASL, we are set to scale up faster while maintaining our financial discipline.”

Rolls-Royce announces successful first tests of UltraFan technology demonstrator in Derby, UK

Rolls-Royce (LSE: RR., ADR: RYCEY) today announces it has successfully completed the first tests of its UltraFan technology demonstrator at its facility in Derby, UK. The first tests were conducted using 100% Sustainable Aviation Fuel (SAF).

This is a historic moment for Rolls-Royce – it’s the first time in 54 years the aero-engine manufacturer has tested a brand-new engine architecture and is proof of what can be achieved when industry and Governments work together.

Confirming the capability of the suite of technologies incorporated in the demonstrator is a big step towards improving the efficiency of current and future aero-engines. UltraFan delivers a 10% efficiency improvement over the Trent XWB, which is already the world’s most efficient large aero engine in service.

In the nearer term, there are options to transfer technologies from the UltraFan development programme to current Trent engines, providing our customers with even greater availability, reliability and efficiency.

In the longer term, UltraFan’s scalable technology from ~25,000-110,000lb thrust offers the potential to power new narrowbody and widebody aircraft anticipated in the 2030s.

Tufan Erginbilgic, the CEO, of Rolls-Royce plc, said: “The UltraFan demonstrator is a game changer – the technologies we are testing as part of this programme have the capability to improve the engines of today as well as the engines of tomorrow. That is why this announcement is so important – we are witnessing history in the making; a step-change in engine efficiency improvement. When combined with Sustainable Aviation Fuels, more efficient gas turbine engines will be key to hitting the industry’s target of Net Zero flight by 2050. Today we are closer to achieving this ambition.

“Collaboration is key in driving the decarbonisation of air travel and the UltraFan programme is a great example of what can be achieved when Government and industry come together with a common purpose.”

The tests took place in the world’s largest and smartest indoor aero-engine testing facility – Testbed 80. The 100% SAF, derived primarily from waste-based sustainable feedstocks such as used cooking oils, was provided by Air bp.

Testing the demonstrator is the culmination of many years of work, which has been supported by the UK Government through the Aerospace Technology Institute (ATI), Innovate UK; the EU’s Clean Sky programs plus LuFo and the State of Brandenburg in Germany.

UK Business and Trade Secretary, Kemi Badenoch, said: “This cutting-edge technology will help the transition towards a greener future for aviation while attracting further investment into the UK’s aerospace industry, helping grow the economy.

“I’m proud that the Government has backed this initiative through our Aerospace Technology Institute programme, and we will continue to work with manufacturers like Rolls-Royce as we seek to grow the UK’s share of the global aerospace market.”

Gary Elliott, Chief Executive Officer, of Aerospace Technology Institute, said: “Rolls-Royce’s UltraFan programme has achieved a huge step forward in terms of the fuel efficiency of aircraft engines. The technology developed within the programme has greatly improved our understanding of how to increase engine performance while reducing environmental impact.

“It is a programme that puts the UK at the forefront of the global market and is absolutely critical for the future of the UK aircraft engine industry. Our congratulations to the Rolls-Royce team for the successful tests of this exciting technology demonstrator.”

Axel Krein, Executive Director of Clean Aviation, added: “Congratulations to the talented team for reaching this significant milestone in shaping aviation’s net-zero sustainable future. The UltraFan® technology demonstrator, a flagship project of the Clean Sky 2 programme, showcases the power of innovation and collaboration in driving our journey forwards. This architecture will be further developed through Clean Aviation’s HEAVEN project.”

UltraFan has been a decade in the making, with the concept unveiled publicly in 2014. It is a fundamentally different design architecture to that within the approximately 4,200 Rolls-Royce Civil large engines currently in service, as it incorporates a geared design that no other industry player has produced at this size before. Demonstrating at this scale gives us the flexibility to scale down as required by our customers. It will also put us in the unique position of being able to offer a portfolio of two-shaft, three-shaft, direct drive, and geared propulsion solutions to power future aircraft.

Key engineering features of the demonstrator include:

• A new, proven, Advance3 core architecture, combined with our ALECSys lean burn combustion system, to deliver maximum fuel burn efficiency and low emissions
• Carbon titanium fan blades and a composite casing
• A geared design that delivers efficient power for the high-thrust, high bypass ratio engines of the future. The power gearbox has run at 64MW, an aerospace record

Imagery is available for download from: https://www.flickr.com/gp/rolls-royceplc/wTun9K25A1

Annual General Meeting of Vitesco Technologies: “All key targets for 2022 achieved”

New Delhi, May 22, 2023: Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, headquartered in Regensburg, Germany, held its 2023 Annual General Meeting today. Hosted as an in-person event for the first time, the Annual General Meeting took place at the marina-forum in Regensburg.

Actions of the Executive Board and the Supervisory Board approved

In form of individual votes, the shareholders formally approved the actions of all members of the Executive Board for their respective terms of appointment during 2022. The actions of all serving members of the Supervisory Board in 2022 were also approved for their respective terms of appointment. “I am delighted that our entire team has been given the vote of confidence from the shareholders today. We can be proud of what we have achieved in 2022 and in previous years,” commented CEO Andreas Wolf.

All further agenda items approved

The Annual General Meeting approved the 2022 remuneration report of Vitesco Technologies Group Aktiengesellschaft. Moreover, the shareholders approved a change to the company’s articles of association concerning the hosting of virtual annual general meetings. Going forward, it will be for the Executive Board to decide whether the Annual General Meeting is hosted as a virtual or in-person event.

80.21 percent of the share capital represented at the time of voting

Roundabout 100 shareholders attended the Annual General Meeting in Regensburg. At the time of voting, around 32 million shares were represented, or 80.21 percent of the approximately 40 million shares issued.

Comprehensive documentation relating to the 2023 Annual General Meeting has been made available in the ‘Annual General Meeting’ section of Vitesco Technologies’ website.

Targets for 2030: sales of €10 billion to €12 billion from e-mobility with climate-neutral production

2022 was a successful year for e-mobility at Vitesco Technologies. The company was able to secure a significant number of large-scale orders for electrification components over the course of the year. “The volume of order intake in 2022 clearly demonstrates the attractiveness of our product portfolio. €14 billion order intake in total, of which electrification accounts for €10.4 billion,” explained CEO Andreas Wolf in his speech at the Annual General Meeting. At the end of 2022, the order backlog stood at around €60 billion, with 46 percent of this total attributable to e-mobility products.

In his speech, Andreas Wolf also emphasized that Vitesco Technologies has achieved all key targets for 2022, despite the ongoing global challenges. The plan for 2023, as set out by Wolf, is to further improve sales and EBIT. “We are well-prepared, and our strategy is paying off,” Wolf confirmed to shareholders in Regensburg. According to CEO Andreas Wolf, Vitesco Technologies has received orders from the electrification business of over €4 billion since the beginning of 2023.

Vitesco Technologies’ transformation strategy is well under way. The company expects to generate sales of around €5 billion in the electrification business in 2026. “And our robust growth in this business does not end there,” adds Wolf. The aim is to reach sales of €10 billion to €12 billion in 2030. By the same year, the company also intends to have made its own production processes completely climate neutral.

Rajasthani Food Extravaganza at Novotel Hyderabad Airport

Hyderabad, May 22, 2023 – Get ready to indulge in a delightful culinary journey from the streets of Rajasthan, as Novotel Hyderabad Airport is hosting a Rajasthani Food Festival every Saturday, which commenced on 13th May and is scheduled to conclude on 3rd June. The dinner will be held at Food Exchange, the hotel’s signature restaurant and promises to take your tastebuds on a magnificent journey of exquisite flavours of Rajasthan.

Crafted with meticulous care by the hotel’s team of culinary experts, under the guidance of Executive Chef Varun, the food festival unveils an exquisite tapestry of Rajasthani gastronomy. Indulge in the captivating allure of Rajasthan’s culinary heritage as you succumb to a fiery symphony of spices with Laal Maas. Delight your palate with the irresistible Dal Bati Churma, Gulabi Paneer Kebab, Chicken Malai Biryani and delectable desserts. But the excitement doesn’t end here!

In addition to these delicacies, the menu will also feature a diverse selection of other dishes, such as Gatte ki Sabzi, Safed Chawal, Dahi Bada, Kesar Murgh, Raj Kachori, Palak Tuvaar Dal, Mix Veg Jaipuri and Ker Sangri to savor with accompaniments like Garlic Chutney, Mint Chutney and more. Complementing this magnificent arrangement, the dinner will also feature an assortment of main courses and side dishes that will leave you for wanting more.

Book your table today and get ready for an unforgettable culinary experience.

Venue: Food Exchange at Novotel Hyderabad Airport

Date: 13th May – 3rd June

Time: 07:00 pm to 10:30 pm