Archive: June 1, 2023

IDPL rolls out ScreenBox power-packed with a video-first approach for global, Indian, Regional TV and Cinema news

India, 1st June 2023: IndiaDotcom Digital Private Limited (IDPL), formerly known as Zee Digital and one of India’s largest Digital entities, announced the mega launch of its Entertainment portal ScreenBox.in. A unique Video-First Entertainment platform, ScreenBox.in will offer sharp, snappy 360-degree coverage from the world of showbiz across various genres, including World Cinema, Bollywood, Hollywood, Regional Cinema, OTT, TV and music industry.

ScreenBox is a portmanteau, blending the two words. Screen is derived from “Silver Screen” or the world of entertainment, while “Box” denotes how it will be packed in one place for the user to dip in and discover the delightful content every time. Its visually appealing User Interface allows users to easily navigate and discover their favourite content in multimedia format.

Speaking on the market demand in terms of news content consumption, Roshan Tamang, Chief Content Officer, IndiaDotcom Digital Private Limited, says, “Video is now the preferred format of content on Digital. However, classic film journalism in text format is also hard to beat. So ScreenBox.in was born to be a perfect blend of both. We hope our users will be delightfully engaged with an innovative coverage of happenings from the world of entertainment.”

Mr. Shridhar Mishra, CRO, IndiaDotcom Digital Private Limited, further highlighted, “IDPL has been consistent in delivering program content package as per the market demand. The launch of video-first website ‘ScreenBox’ will also encourage stakeholders and advertisers to strengthen visibility in terms of branding via video during different timeslots throughout the day.”

Fenesta Expands Its Retail Presence In Mumbai, Maharashtra

Mumbai, 1st June,2023:Fenesta, India’s largest Windows and Doors Brand which is also the market leader in its segment, reinforced its retail expansion with the opening of another new showroom. The exclusive showroomBellezais located at 6, Janata Industrial Estate, 1-162, Senapati Bapat Marg, Lower Parel West, Mumbai. Pin Code – 400013, Maharashtra and brings the best in class Aluminum windows and Doors, uPVC Windows & Door and Solid Panel Doors.
Commenting on the launch, Mr. Saket Jain, Business Head, Fenesta said, “Our primary goal is to connect with a larger audience of consumers nationwide, and our business strategy revolves around putting the needs of our customers first. For the past two decades, Fenesta has consistently prioritized customer experience, building unshakeable trust, and achieving remarkable advancements. Every new showroom opening is a testament to the growing trust our customers,we dedicate our efforts to providing a seamless experience for our customers, allowing them to explore our diverse range of products and make well-informed decisions.

With this launch, Fenesta marks another milestone to ensure an interactive and informative buying experience for our existing and potential customers. Fenesta Showrooms have been successfully contributing to a significant customer reach and positioning as a market leader. With the rapid growth in Aluminum windows and Doors, uPVC Windows & Door and Solid Panel Doors categories in India, the brand endeavors to further increase its market share and maintain its leadership position in future.

He further added that “It has been a great journey so far & we are ready for an accelerated growth in the coming years. The combination of an aggressive marketing strategy, variety of products and rapid retail expansion, including Tier 2 and Tier 3 markets, will help us reach our goal. The Marketing strategy is fashioned such that it creates engagement, education and an experiential purchase for the customer. On this note, we would like to thank all our partners and our customers for their support and contribution to our successful business.”

The Fenestashowroom at Lower Parel West, Mumbai, Maharashtrashowcases a range of products from windows, doors and various design and color possibilities. With this launch, Fenesta now has presence in more than 350 locations.

Fenesta is the only company in India to control the entire supply chain starting from the making of uPVC that goes into making the profile, to installation of end product, as well as after sales service. The range of products is specially designed in UK and Austria to give consumers a well-engineered but contemporary style.
The products at Fenesta go through stringent tests and quality check at every step to ensure performance in India’s varied and extreme climates. Fenesta products are immensely popular amongst leading builders, architects and interior designers across the country for its noise-insulating, rain-insulating, dust proof features without compromise on aesthetics.

Promate announces World’s smallest 10000mAh Powerbank – ACME-PD20

1st June 2023, Mumbai: Taiwan-based, Promate, a global leader in mobile and IT accessories, announces World’s incredibly sleek and lightweight Acme-PD20 10000 mAh powerbank, which supports super-fast PD (Type C) charging and Qualcomm QC 3.0 charging technology. The product is available online with Amazon India and offline stores with the industry’s first 2 Years warranty.

The powerbank is in Black & Blue colours which has a strong grip and a premium build quality, giving it full points for aesthetics. Pocket-sized at just 5.8cm x 7.9cm, Acme-PD20 powerbank is super portable, easy to carry around, and fits in the palm of the hand. Equipped with the mammoth 10000mAh capacity and engineered with high-density lithium-ion batteries, the powerbank charges devices up to 5 times faster through the 20W power delivery and 22.5W QC 3.0 ports. The USB-C port supports input and output that lets you charge devices and recharge Acme-PD20 at high speeds.

Acme-PD20 is engineered with a resilient outer body and advanced chipset protection that offers a reliable charging experience. The built-in multi-protection IC combines high-voltage protection, over-current protection, temperature control, and ensures the safety of your connected devices.

“Acme-PD20 is one of our best-selling products worldwide. We are excited to bring this to India. Acme-PD20 shall set the standard for next-generation powerbanks. The powerbank is designed to make your everyday lifestyle more convenient.” Said Mr. Gopal Jeyaraj – Head India & SAARC, Promate Technologies

The powerbank supports wide compatibility with all devices that can be charged via USB or Type-C port.

Peninsula Land Limited reports a profit of 101 Cr in FY 23

Mumbai, 3st June 2023: NSE and BSE listed Peninsula Land Limited, a renowned developer with a strong execution record has announced excellent results for the Quarter and year ended 31st March, 2023. For the quarter ended 31st March, 2023, total revenue increased by 46% to Rs. 151 Cr vs Rs.104 Cr for the quarter ending 31 March 2022. For the year ended 31st March, 2023, the total revenue increased by 130% to Rs 1039 Cr vs Rs. 452 Cr for the year ended 31st March 2022. The PAT also turned positive in FY22-23 , increasing to Rs. 101 Cr vs a loss of Rs. (108) Cr in FY21-22.

The company’s strong performance across various metrics showcases its commitment to fulfil its obligations towards all its stakeholders. With these turnaround results the company has begun a new phase backed by strong execution capabilities. As on 31 Mar’23, the consolidated debt stands reduced to Rs. 424 Cr against a peak of Rs. 2373 Cr in 31 Mar’19. The reduced debt position will further enable the growth of the company.

Commenting on FY23 results, Mr Rajeev Piramal, VC & MD, Peninsula land Limited said, “The real estate industry has undergone a significant transformation over the past few years, with issues like debt overhang, sluggish sales, cost escalations, and a lack of price appreciation. However, developers with a customer-centric mindset and strong brand ethos have been able to weather the storm and are now well-positioned. Peninsula Land is a company that has a strong brand promise and is confident in its capacity to execute iconic projects and generate value for all of its stakeholders. Despite the difficulties caused by the Covid crisis, the company has sold about 2.4 million square feet over the past five years, offered possession of about 700 residences across the affordable, luxury, and ultra luxury product groups, and decreased debt by over 80%. Additionally, the business plans to provide over 1000 homebuyers possession in FY24. We have built and sold homes ranging in price from INR 20 lakhs in the affordable category to INR 50 crore in the super luxury category across the segments of apartments, row houses, plots, and villas in the residential sector, and we have solid experience doing so. We are confident in our ability to work across asset classes and generate value for our stakeholders.”

UBON Launches India’s First Ultimate Transparent Power Bank – Marshal Series 2.0 PB-SX201, 10000 Power Bank

1st June, 2023 – UBON, a leading provider of innovative mobile accessories, is thrilled to announce the launch of its latest groundbreaking product, the Marshal Series 2.0 PB-SX201, India’s first ultimate transparent power bank. This remarkable power bank combines cutting-edge technology with a sleek design, offering users a unique and transparent charging experience.

The Marshal Series 2.0 PB-SX201 power bank is set to revolutionize the way we charge our devices. Boasting a power capacity of 10000mAh, this power bank ensures that you never run out of battery power when you need it the most. With its 22.5W power output, it supports both Power Delivery (PD) and Quick Charge (QC) technologies, enabling fast and efficient charging for a wide range of devices.

One of the standout features of the Marshal Series 2.0 PB-SX201 is its built-in charging cables. It comes equipped with two charging cables – one for iPhones and another for Type-C devices. This eliminates the need to carry additional cables and ensures compatibility with a variety of smartphones and tablets. With the convenience of these inbuilt cables, users can charge their devices hassle-free on the go.

Safety is a top priority for UBON, and the Marshal Series 2.0 PB-SX201 power bank is no exception. It incorporates advanced safety features that protect against overcharging, overheating, and overvoltage. This gives users peace of mind, knowing that their devices are safe during the charging process.

“We are thrilled to introduce India’s first ultimate transparent power bank, the Marshal Series 2.0 PB-SX201,” said Mr. Mandeep Arora, MD & Co-founder, UBON.

“This innovative product combines advanced technology, convenience, and safety, offering our customers a superior charging solution. We believe that the Marshal Series 2.0 will set a new standard in the power bank market,” he added.

The Marshal Series 2.0 PB-SX201 power bank is now available for purchase at UBON-authorized retail stores. To learn more about UBON and its range of products, visit www.ubon.in.

NGEL and UPRVUNL tie up to collaborate for the Development of Renewable Energy Power Parks and Projects

Mumbai/Bangalore, June 01, 2023: To collaborate in the Development of Renewable Energy Parks and Projects and to facilitate in Government of India’s efforts towards energy transition, a Memorandum of Understanding (MoU) was signed between NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 31st May’2023 at NRHQ, Lucknow. The MoU was signed by Shri Mohit Bhargava, CEO (NGEL), and Shri Nidhi Kumar Narang, Director (Finance), UPRVUNL in the presence of Shri P. Guruprasad (IAS), MD (UPRVUNL), Shri Praveen Saxena, Regional Executive Director (NR) of NTPC. Shri V V Sivakumar, GM (NGEL), and other senior officials of NTPC, NGEL, and UPRVUNL were present during the occasion.

The MoU envisages to collaborate in the field of Renewable Energy through the setting up of floating and ground mounted Solar Projects in the Rihand reservoir, other water bodies, and any available vacant land, developing of solar PV Project dedicated to solarization of Ayodhya City and setting up of Renewable energy Parks and Projects wherever land is made available. NGEL and UPRVUNL shall jointly work for the formation of a Joint Venture Company (JVC) to meet the Renewable Generation Obligation, Flexibility in the Generation and Scheduling of Thermal/Hydro Power Stations through bundling with Renewable Energy and Energy Storage.

NTPC is India’s largest Power Utility, with a total installed capacity of about 72 GW (including JVs and subsidiaries). As part of increasing its renewable energy portfolio, a fully owned subsidiary “NTPC Green Energy Limited” (NGEL) has been carved out which shall take up Renewable Energy Parks and Projects including development in the areas of Green Hydrogen, Energy Storage Technologies, and Round the Clock RE Power.

UPRVUNL was constituted to set up and operate Power-generating stations in the state of Uttar Pradesh. At present UPRVUNL is having four Thermal Power Stations within Uttar Pradesh with an installed capacity of 5820 MW and one Thermal Power Station with an installed capacity of 1320 MW under JV with NTPC. UPRVUNL is in the process of adding a further 3300 MW capacity with supercritical technology on its own and another 1980 MW in a Joint Venture with CPSEs. At present, UPRVUNL is looking to diversify into Renewable Energy and Energy Storage sectors.

Ohmium and NTPC to Partner on Largest-Ever Deal for PEM Electrolyzers in India

India, 01st June, 2023: Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, today announced that its India-based subsidiary has been selected as the PEM electrolyzer partner of NTPC Renewable Energy Limited (REL), the renewable energy subsidiary of NTPC, India’s largest power utility with more than 70 gigawatts (GW) installed generation capacity. The agreement is valid for a period of two years, through to May 2025.

This green hydrogen opportunity is the largest-ever PEM electrolyzer deal in India and one of the largest globally. Ohmium’s patented electrolyzers are expected to be deployed in up to 400 megawatts (MW) of projects across a diverse range of industrial and commercial applications, including ammonia, transportation, and power, among others.

Ohmium’s technology is expected to help NTPC deploy 5 GW of renewable energy for green hydrogen and ammonia production (forming part of NTPC’s ambitious goal to deliver 60 GW of renewable energy capacity by 2032). The company’s interlocking modular electrolyzers provide a dense and dynamic solution that integrates with renewable energy resources and produces green hydrogen at a very competitive cost.

“It is fantastic to partner with NTPC REL as their preferred technology supplier on what is the largest PEM electrolyzer deal in India to date,” said Arne Ballantine, CEO of Ohmium. “I would like to congratulate the organization’s Chairman, Board and CEO for their vision, commitment, and investment in green hydrogen. NTPC has always been the first amongst its peers to adopt innovative clean technologies and the company’s forward-thinking approach will be instrumental in enabling India to deliver on its potential of becoming a green hydrogen powerhouse.”

Agritech Leads Connect & Insuretech Ensuredit Announce JV to help farmers

Noida, May 2023: Leads Connect Services, a premier agritech data, risk management, and financial services company, and Ensuredit, an AI-based platform that brings efficiency to the insurance distribution cycle, are delighted to announce the signing of a Memorandum of Understanding (MoU) to establish a strategic joint venture (JV) named ‘Leads Ensuredit Private Limited’.
The collaboration harnesses the power of technology, data analytics, and industry insights to improve the financial resilience of farmers and agribusinesses by developing tailored insurance products that help with enhanced risk management.
Leads Connect has been a leading force in pioneering inventive solutions for the agricultural sector, catering to the diverse requirements of farmers, agribusinesses, and financial institutions. It has brought about a paradigm shift in agricultural financing, ensuring effortless access to capital and financial services for farmers throughout the country.
Ensured it, an established platform-as-a-service (PaaS) insurance provider in India, has positively impacted millions of individuals and businesses, transforming the insurance industry through state-of-the-art technological solutions.
The collaboration combines the proven expertise and capabilities of both organisations. It creates a dynamic fusion of agricultural knowledge, agri-research, disaster risk management, and an understanding of insurance technology to provide a short- and medium-term product roadmap for farmers and agribusinesses.
The primary objective of the joint venture is to build a futuristic insurtech infrastructure that will provide comprehensive insurance solutions and drive innovation in the agri-insurance sector. In the initial phase following the formation of the joint venture, the focus will be on expanding service offerings in national and international markets.
Both Leads Connect Agritech and Ensuredit are committed to the success of the JV and will provide all resources to ensure its growth and development. Furthermore, Leads Ensuredit plans to hire an initial core team of 7 to 8 people, which will be expanded based on business growth needs.
Amit Boni, CEO of Ensuredit, commented, “We are thrilled to partner with Leads Connect in this exciting joint venture. The signing of the MoU and the alliance are history in the making.

By springboarding on each other’s strengths, we’ll be offering unique value to the sector. With Leads Ensuredit, we aim to make a positive impact by providing farmers with innovative agri-fintech solutions that enhance their productivity, mitigate risks, and improve the overall ecosystem.”
Navneet Ravikar, Chairman & Managing Director, of Leads Connect Services, expressed great enthusiasm about the joint venture, stating, “Leads Ensuredit represents an unprecedented opportunity to transform the agricultural landscape by leveraging the power of agritech, fintech, and insurtech. By combining our agricultural expertise with Ensuredit’s technological prowess, we are confident that we can deliver ground-breaking financial inclusion that will empower everyone and contribute to the sector.”

Unicommerce launches Advanced Inventory Management Solution

1st June 2023, New Delhi/Mumbai/Bangalore: Unicommerce, India’s leading ecommerce enablement SaaS platform has launched its advanced inventory management solution with real-time inventory synchronization to help brands fulfill 100% of the orders received and to further boost the speed of processing orders.

Unicommerce’s advanced inventory management solution enables the rerouting of unfulfillable orders by automatically reallocating the orders to the next warehouse or store basis for the real-time availability of inventory across multiple stores and warehouses, with an aim to improve the overall order fulfillment rate.

It also offers the option to pre-compute the availability of bundled stocks per facility to boost the fulfillment rate of bundled orders. The enhanced version will also allow brands to improve product procurement and ensure that they are able to place orders for products well in advance and optimize inventory currently available across multiple facilities. The new solution also allows the sellers to set a minimum threshold for each SKU below which procurement and reallocation processes kick in automatically.

Unicommerce continues to enhance its order management system with new features to further simplify the process of e-invoicing, manage cancellations, and reallocation of orders. With clear visibility and real-time tracking of inventory, brands will be able to improve their stock decisions leading to better operational efficiency across warehouses and stores, the benefit of which will eventually be passed on to the end consumer. The addition of AI-based capabilities will help brands to pre-decide on the critical level of inventory and automatically redirect SKUs based on real-time inventory sync sending notifications to sellers to route orders for such SKUs.

Speaking about the solution’s launch, Kapil Makhija, CEO of Unicommerce said, “At Unicommerce, our product development pipeline is closely guided by the needs of our users. Our aim is to develop and deploy best-in-class technology solutions that remove the operational complexity for fast-growing e-commerce businesses. Our new advanced inventory management solution will allow brands to optimize their inventory utilization to fulfill each serviceable order and will also seamlessly augment the experience for buyers.”

Unicommerce has been enabling e-commerce companies, D2C brands, omnichannel retailers, and other online sellers With a nationwide presence across 8000+ warehouses and 3000+ stores, Unicommerce currently powers 20000+ businesses across 45+ industry segments and has achieved an annual run rate of processing over 600 million transactions amounting to USD 7bn+ yearly GMV.