Get Ready- iFFALCON Launches Latest QLED & UHD Models Exclusively On Flipkart

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Get Ready- iFFALCON Launches Latest QLED & UHD Models Exclusively On Flipkart

Aug 6, 2020 by Gouri Achary 0 Comments #“Hey Google”, #General Manager TCL India, #iFFALCON Launches Latest QLED & UHD Models, #Mike Chen, #or “Ok Google”, #QLED & UHD Models Exclusively On Flipkart

New Delhi, August 6, 2020:The wait is finally over. iFFALCON, TCL’s sub-brand has rolled out its latest QLED& UHD TVs. The models H71 and K71 are available exclusively on Flipkart, starting at an appealing price of INR 49,999 and INR 25,499, respectively. Additionally, the first 250 customers will give 1 year Sony Liv subscription for free, along with some special banking offer from Flipkart.

Some of the common features that both models come equipped with include hands-free voice control. With far-field voice control, users can control TV, set reminders, and much more totally hands-free – Just say “Hey Google”, or “Ok Google”.

Another common feature is micro dimming, which is designed to dim particular parts of the screen while leaving the rest in a brighter tone for an enhanced and optimized LED viewing. Both the devices come with Android P, the second latest version of the Android operating system (OS). However, it is not any major disadvantage as users still get access to a large pool of 5000+ entertainment solutions from the Google Play Store.

Mike Chen, General Manager TCL India commented, “At iFFALCON, we strive to manufacture TVs that offer the latest technology solutions to enrich users’ viewing experience and take their entertainment levels one notch higher. While creating these TV models, we also focus on the affordability factor without compromising on the quality aspect. All our TVs, therefore, come at prices that don’t affect consumers’ budgets and in fact, offers them more at lesser price points. Both our latest offerings are in sync with this philosophy. We will continue to follow this approach going forward and introduce more innovative products to our customers at affordable price points.”

H71- 4K QLED with Hands-free AI

Apart from a metallic body, this model also comes with a bezel-less design, for a truly immersive full-screen viewing experience. The quantum dot technology and Dolby Vision bring unmatched colour, contrast and brightness to the screen, making the display quality much richer than traditional models. HDR 10+ is another technology that this model offers, to optimize the picture quality and make the content look more authentic than usual by using dynamic tone-mapping to realize scene-by-scene picture adjustment.

It also has an IPQ engine that ensures extraordinary viewing clarity using artificial intelligence. While all these features deliver a superior viewing experience, Moreover, it has Dolby Atmos and DTS-HD that ensure true zero-compressed audio quality and delivers rich sound quality to viewers.

Available in two variants – 55’’ and 65’’ inches priced at INR 49,999 and INR 69,999, respectively.

K71-4K UHD with Hands-free AI

With a metallic body and slim design, the device looks premium than traditional LED TVs and can be beautifully integrated with room décor, making it a perfect wall showpiece, no matter whether turned off or on. It offers 4K upscaling, which upscales the picture and video quality in terms of colour, clarity, detail and frequency, even if the file is of low quality. When playing video and natural pictures, dynamic Color Enhancement can make the display screen with low gamut show the display effect close to the high gamut screen

With the AI x IoT feature, users can connect any Google Home enabled Smart device – be it air conditioner, room lights, or fans with the TV and control all of them through it, making the TV a control centre for all other devices at home. It has Dolby Audio that delivers immersive 5.1 surround sound with the optimized sound quality of any content. Available in three variants – 43’’, 55’’ and 65’’ inches priced at INR 25,499; INR 35,999; and INR 53,499, respectively.

Business World

COVID Era: ‘Shuddhi Ayurveda’ launches immunity-boosting combo ‘Shuddhi Herbal Immunity Pack’

Aug 6, 2020 by Gouri Achary 0 Comments #‘Shuddhi Herbal Immunity Package’, #Acharya Manish, #COVID-19

Founded by award-winning Ayurveda expert & motivational speaker  – Acharya Manish, ‘Shuddhi Ayurveda’ an Ayurvedic Clinic & Research Centre, which has its head office at Zirakpur near Chandigarh is now one of India’s biggest Ayurvedic medicines’ maker and distributor, with 110 + clinics in India.

To fight against COVID 19 an intense research conducted by Ayurvedic doctors under the guidance of Acharya Manish was done and an immunity-boosting pack – ‘Shuddhi Herbal Immunity Package’ certified by AYUSH was launched. Acharya Manish is trying to promote the age-old Ayurveda, which is a 5000 – years – old Vedic science. As many as 500 people have benefitted by using this pack made by ‘Shuddhi Ayurveda’.

Acharya Manish said, “In the combo, we have included three medicines, Vish Har Ras, thirty-two (32) herbs tea and Ayush Kwath. Vish Har Ras has major ingredients like Neem & Giloy, which have high antiviral properties. The tea contains 32 medicinal herbs like elaichi, dalchini which have antioxidant properties and Ayush Kwath contains tulsi, pepper and shunthi which help in increasing immunity.”

People who benefitted were not only spread across Delhi NCR but even states like Maharashtra, Gujarat, UP, Haryana, Chhattisgarh, Himachal, West Bengal & many other states. Beneficiaries included those with COVID like symptoms, those who wanted to protect themselves from the disease and Corona positive patients in-home quarantine. As many as 100 COVID positive patients, in-home quarantine turned negative in a period of 3 to 7 days of using the medicines, thus proving the efficacy of the immunity booster medicines even among COVID patients. 

It is pertinent to state  that many elated patients’ who turned negative after taking the medication sent back videos of their experience and also advocated adopting Ayurveda for a healthy lifestyle. 

When Corona entered India, Acharya Manish had told the central government that with the help of Ayurveda, the disease can be prevented. PM Modi himself also announced that with the help of Ayurveda one can increase immunity to prevent the virus infection.

Added Acharya Manish, “The sad part is that even in the land where Ayurveda was born –India, the science has always been given lesser importance than Allopathy. But now due to benefits, people are witnessing from Ayurveda in countering COVID 19, Ayurveda is again getting recognition and it is a matter of time before Ayurveda becomes a preferred treatment protocol in India.” Opined Acharya Manish.

Ignited by the idea of promoting Ayurveda as a way of life and to make the saying ‘Vocal for Local’ a reality in India’s healthcare sector, Acharya Manish has chalked out an ambitious expansion plan for ‘Shuddhi Ayurveda’. Under this, over 200 centres in addition to the existing 110 + clinics of ‘Shuddhi Ayurveda’ will be set up by this year-end.

Business World

Special Ode to Handloom by Asha Gautam

Aug 6, 2020 by Gouri Achary 0 Comments #“Special Ode to Handloom”, #ASHA GAUTAM, #Designer Gautam Gupta of the label, #starting from an exhibition today and will finally be culminated on the National Handloom Day on 7th August 2020, #store in Defence Colony

In order to honour the handloom weavers in the country and also highlight India’s handloom industry Designer Gautam Gupta of the label, ASHA GAUTAM has come up with a campaign “Special Ode to Handloom” wherein a series of activities will take place, starting from an exhibition today and will finally be culminated on the National Handloom Day on 7th August 2020 at his store in Defence Colony.

Designer Gautam Gupta said “In our journey of 22 years we have worked mostly on handloom fabrics, we have expanded our portfolio by working with more clusters and weavers. We always believed in our crafts and the incredible talent our weavers possess. Handloom day is a very important day for us in the country as it gives tribute to 3.5 millions of people working in our country, second highest after agriculture.

The designs made in handlooms are still unparalleled and even with the latest technology, there are vintage techniques which weavers use in handlooms that power looms or machine-based mills can’t even think of. This is our pride and luxury as well for the world. The handloom industry not only is relevant in terms of designs but also to the world environment and with the consciousness of buying judiciously. I personally feel that what has happened in the past three months will make consumers more aware of the relevance of preserving crafts and especially our handloom industry.’’ Adds Gautam Gupta

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Datacultr strengthens its ML platform to help financial institutions gear up for loan collection exercise

Aug 6, 2020 by Gouri Achary 0 Comments #‘New-to credit-Customers’, #CEO and Co-founder, #Datacultr, #Neel Juriasingani, #NPAs

New Delhi, 06 August 2020: Datacultr, a one-of-its-kind platform that allows consumer lending companies to reduce risk on ‘New-to credit-Customers’ has enhanced and strengthened its technology on its key solutions – predictive fraud management and collection digitization. The new features include dynamic behavioural templates, that are built to help financial institutions effectively manage customer life-cycles, that bring in greater efficiencies to their loan collection processes, especially in the current environment.

COVID-19 has led to a huge disruption in economic activity and rendered many people jobless. In this scenario, financial institutions have a new challenge, i.e, collection/recovery of the loan amount. Identifying this challenge well in time, Datacultr has strengthened its AI and ML capabilities to help financial institutions make smarter decisions and increase collection efficiency.

Commenting on the same, Neel Juriasingani, CEO and Co-founder, Datacultr said- “The past few months have been challenging for the world. As the new normal calls for contact-less customer engagement, lenders are rethinking their operations and processes. Several traditional lending companies including banks are looking to ramp up their collection processes and are becoming more receptive to technology. We have seen heightened interest for our platform from lenders extending all sorts of loans. We are jointly exploring how they can integrate and use our platform in a bid to avoid bad-loan build up in current times.”

“In the past, we have helped financial institutions to reduce the costs involved in the collection process while also reducing their NPAs”, he further added.

For its unique capabilities and ability to affect bottom-line results, Datacultr has been trusted by some of India’s largest consumer lending companies to optimise and standardise their debt collection activities. The company is playing a vital role in enhancing Lender’s Collections processes, including data-driven customer journeys that ensure effective experiences are built on the basis of customer segments, attitudes, Credit Scores, financial literacy or payments history.

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Birlasoft Q1 Revenue; up 18% YoY EBITDA, up 46% YoY, Signs TCV of $ 180 M in Q1

Aug 6, 2020 by Gouri Achary 0 Comments #Birlasoft, #Birlasoft Q1 Revenue; up 18%, #Dharmender Kapoor, #Managing Director and Chief Executive Officer

Birlasoft [BSE: 532400, NSE: BSOFT], a part of the USD 2.4 billion diversified CK Birla Group, reported its unaudited consolidated financial results for the first quarter ended June 30, 2020.

Dharmender Kapoor, Managing Director and Chief Executive Officer, Birlasoft, said, “Our Q1 results were better than what we had expected at the beginning of this pandemic quarter. Our healthy deal wins of $ 179.7 M and good pipeline across verticals and horizontals, coupled with strong cash collections are a testimony to the trust shown in us. With the key objectives of ensuring our employee’s safety and partnering with our customers to stabilize their business and get them up to speed, we were quick in launching a few Digitalized Covid-19 solutions, like intelliOpenTM for employee health and safety, and Supplier Risk Radar, an Analytics solution to predict financial health of suppliers, to address our customer needs. Our focus will remain to work closely with our customers and partners and aid them in their initiatives to accelerate their success in the post-pandemic world.”

In INR:

Revenue at Rs. 915 Crore(cr)uo0.8%QoQ &17.7%YoY

EBITDA at Rs. 113 Cr down 3.3%QoQ &up46.3% YoY

PAT at 56cr down 18.4% QoQ &up 38.4% YoY

In USD

Revenue at $121.2M down 3.4% QoQ& up 8.5% YoY

EBITDA at $15.0M, down 7.4% QoQ &up 34.9% YoY

EBITDA margin at 12.3% up 240 bps YoY

PAT at $ 7.5M, down 21.9% QoQ and up 24.3% YoY

Key Financial Highlights for Q1 FY21

Other Highlights

  • Signed TCV deals of $ 179.7 M during the quarter
  • Active Client Count at 356
    • $ 10 M customer at 8; up by 1 during Q1
  • Cash & Equivalents up from US$ 88.4 M in Q4 to US$ 108.8 M (INR 822 Cr); up US$ 20.4 M
  • DSO at 60 days, down by 12 days QoQ
  • Manpower strength of 9,908 as at 30th June 2020 versus 10,268 in Q4
  • Attrition down from 21.7% in Q1 FY20 to 16.5% in Q1 FY21; down 520 bps YoY

Deal Wins for the Quarter

  • Selected by a global building material & solutions major to provide remote Infrastructure and Global Datacenter Managed Services.
  • Chosen as a sole offshore vendor, by one of the leading third-party providers and retailers of wireless products for application management and development work around ERP technologies, Magento and for building a Testing Center of Excellence (CoE)
  • Selected as a partner by a leading US Telecom Major for providing Business Analysis & Testing Services as part of a multi-year deal. This has come on top of an earlier engagement to integrate the pre-paid and post-paid platforms.
  • Chosen by a European Insurance major for transforming its global Human Resources solutions stack through the implementation of SAP SuccessFactors.
  • Selected by a leading US Telecom Major for accuracy testing of its Application data
  • Awarded by a leading Energy Storage Major for its Application Managed Services and support of J D Edwards applications.
  • Selected by a US Lifesciences major for migration of its data lake and Analytics applications to SAP
  • Selected by an Asian Cement major to provide remote Infrastructure and helpdesk support.
  • Birlasoft has been chosen by a leading US Media and Entertainment company in enhancing its customer experience through the implementation of Salesforce.com

Awards and Recognition

  • Birlasoft was named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm. It was among the leading providers in the Booming 15 category for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 1Q 2020 Global ISG Index™.
  • Birlasoft Partners with Innoveo, a leading global technology company, strengthening Birlasoft’s domain and digital capabilities to rapidly deliver world-class solutions with Innoveo’s enterprise-level no-code platform.

Covid-19 Solutions – Building Resilience for the Long Haul

COVID has caused businesses to realize the need to accelerate digital transformation. Building resilience and agility through digital-led innovations is critical to their survival in the short and long term. Birlasoft too accelerated our development of digital solutions for our customers.

intelliOpenTM  

Facility managers need to help protect employees and visitors from the spread of COVID-19. intelliOpenTM integrates four important components of protection: Self-screening, Thermal Screening, Social Distance Compliance and Contact Tracing, while adhering to regulatory compliance, data privacy and confidentiality requirements.

Supplier Risk Radar

Sourcing and procurement leaders struggle to effectively track their suppliers’ sustainability in the uncertain times of COVID-19. They need to minimize supplier risk exposure and build disruption-free supply chains with this AI-powered preventive risk mitigation solution.

Blockchain – Four New Solutions

  1. Warranty Management: From false claims and fake product to misunderstandings about coverages, there are many challenges in warranty management. By bridging the information gap between manufacturers, warranty providers, other participants in the supply chain and the consumers, blockchain helps streamline the warranty lifecycle.
  2. Supply Chain Visibility and Resiliency: Companies are struggling to get supply chain visibility. Our Blockchain solution improves the ability to make decisions on inventory, production scheduling, product availability.
  3. Container Tracking: End-to-end container and shipment tracking provide an accurate view of the complete journey of the shipment right from the manufacturing plant to end destination.
  4. Counterfeit Drug Detection and Supply Chain Traceability: Our multi-stage counterfeiting validation solution, with end-to-end tracing and tracking of medicines or medical equipment on Blockchain, empower drug manufacturers, distributors, retailers and patients to validate the authenticity of drug or medical device.

Intelligent Automation Solution

Birlasoft’s Smart Automation Solution Kit offers a range of Automation Bots including Supply Chain/Order Management, Master Data Management, Financial Processing, HR & Payroll Processing, IT Health Check, and IT Service Desk & Reporting.

New Digital Experience & Co-innovation Centers  

Birlasoft’s Digital Labs (Pune, Noida and Raleigh) are state-of-the-art co-innovation centres where customers can see, touch, and feel digital innovation. Two examples of co-innovation are 1) New ideas for Warehouse Safety, 2) IoT Asset Health Monitoring for machinery buried deep in the ground. Customers can work with us in a no-risk environment to solve their most pressing business problems.

Business World

5 Innovations to Witness At COVID19 Essential Expo India 2020

Aug 5, 2020 by Gouri Achary 0 Comments #2020, #3D stalls or immersive virtual spaces, #country’s first virtual tradeshow titled, #COVID-19 Essentials Expo India between August 5th-7th, #TradeIndia, #various SMEs and MSMEs

As several small and medium industries have been adversely impacted by the ongoing COVID-19 contagion in the country, the business community is roping in all efforts to stabilize the situation and rejuvenate the ailing economy. In a bid to transform the black swan COVID-19 pandemic into a lucrative business opportunity, TradeIndia, India’s largest B2B marketplace offering global buyers and sellers a reliable platform to identify trustworthy business partners, shall be organizing the country’s first virtual tradeshow titled, COVID-19 Essentials Expo India between August 5th-7th,2020 and will be conducted via the virtual medium.

The event will be targeted towards reviving the various SMEs and MSMEs of the country whose operations have been affected due to the COVID-19 pandemic. The tradeshow will feature 3D stalls or immersive virtual spaces that enable attendees to sift through the various product lineups, access business catalogues while interacting with exhibitors via chat or video conference. Featuring more than 60 booths and with an experience spanning over 20 years in online marketing space and event promotion, TradeIndia enjoys the largest industry database in the country that holds countless prospective visitors and investors for one’s brand. The essential range of products that will be central to the trade show are Surgical dressing and Disposable; Personal safety equipment; Personal care products; Common medicines and drugs; Temperature instruments; Medical, diagnostic & hospital supplies; Home cleaning appliances and more.

Here are 5 not to miss innovations to amaze you at the COVID19 Essential Expo India 2020:

JARVIS- Staqu Technologies Pvt. Ltd. – Utilizing the AI prowess, Staqu Technologies Pvt. Ltd. has developed a product, JARVIS that automates the whole process of monitoring the workplaces and ensuring that everybody is following these guidelines to minimize the spread of infections. JARVIS has proven to be one of the best Artificial Intelligence-based customizable Video Analytics Engine with state-of-the-art facial recognition technology and intelligent monitoring of objects, crowds, perimeters, and vehicles. This product utilizes, existing CCTV cameras and gives real-time alerts in case a person inside the premises is violating any of the norms. And the best part is that it doesn’t require any human interaction. JARVIS can help you with: Face Mask Identification, Social Distancing Check, Fever Identification (FR), Contact tracing, Hygiene Check, Video Wall with Real-Time Alerts, and more. 

UV and Delivery Disinfection Robots-  Janyu Technologies Pvt. Ltd.

UV disinfection technologies can play a role in a multiple barrier approach to reduce the transmission of the virus causing COVID-19, SARS-CoV-2. UV Disinfection Trolley can effectively clean up hospital spaces to combat COVID-19. The UV-C irradiation with a peak intensity at 254 nm has been a proven technology for disinfecting air, water, and instruments for over a century. UV-C JUGNU from JanyuTech is powered by UV-C lamps. UV-C JUGNU has a WiFi connection with a camera to get live Audio-Visuals of the path to the control station and interact along with the travel, announcing various messages. The Robot has a power selection option to increase the intensity of the UV system. Obstruction sensing is provided at the front and back for effective driving.

Testing Kits, Ivermectin Products, Antibacterial Soaps – Safecon Lifesciences – Based in excise free zone in Uttarakhand, Safecon Lifesciences is engaged in researching, manufacturing, and marketing all types of Injection, Bolus, internal & external Liquid, Powders, external powders & Shampoo for pets, etc. Their range of Medicare products is highly demanded in various government hospitals, private hospitals, dispensaries, etc. The Ivermectin salt and tablets are the Ivermectin products that customers can buy from them. These are prescribed for the treatment of parasitic infections of eyes, skin, and intestinal tract. The brand has also launched testing kits which are quite efficient to use.  Products like Corosafe soap is an antibacterial soap developed and supplied by our company. Everyone can use this soap just like normal bath soap to fight germs and body odour. Safecon Lifesciences has marked its prominence in Indian markets, by providing top-notch quality of products. 

N-95 and 3Ply Mask Making Machines-   BFW Kothari Group BFW was born in 1961 to realize the dream of a young economy that was on the cusp of industrialization. Ever since they have been at the heart of manufacturing. They have supported the growth of the Indian industry by creating the machine tools vital for industries, across verticals – from plastic buckets to aerospace projects. The N-95 and the 3 Ply Mask Making Machines are fully automatic, UV sterilized, and high speed. BFW developed High-Quality Automatic Mask Making Machines for high volume production of high-quality masks under the BFW Health product platform. Developed in Made-In-India Technology. These innovative products invented for the healthcare ecosystem in true spirit and full support of ‘Aatma nirbhar Bharat’.

100% Cotton coverall with antimicrobial- Kinsey Knitt International  – Kinsey Knitt International’s 100% cotton washable reusable coverall is made out of coconut technology. The fabric is treated with Antimicrobial to fight against Virus, Bacteria, Fungus, Mould, and Dustmite. The coverall is treated with Splashproof technology so blood and other liquid particles can not penetrate in. This kit contains 10 components to safeguard the Covid-19 warriors with three things kept in mind.  Safety – treated with safe antimicrobial; Comfort – Cotton gives comfort and Eco-friendly – A bio-degradable product. The antimicrobial we use in this Coverall is a semi-organic, food-grade, biodegradable product that kills the virus by its mechanical action. This doesn’t only filter the virus but it kills the virus which comes in contact. The virus killing time is less than a minute. And it has a virus killing efficiency of more than  99.95%. This Kit contains washable and reusable Masks, Goggles, face shield, Hand gloves, socks, shoe cover, hand towel, and a cotton antimicrobial treated bag to carry the worn products back. This coverall can be washed and reused up to 20 times.

Business World

AAI Urges Government to continue MEIS scheme for Aluminium Industry, exports worth USD 5 billion at stake

Aug 5, 2020 by Gouri Achary 0 Comments #Aluminium Association of India (AAI), #DGFT MEIS Portal and continuation of MEIS scheme, #MEIS (Merchandise Exports from India Scheme)

New Delhi, 05.08.2020:

Aluminium is a metal of strategic importance and an essential commodity for various core industries due to its critical role in diverse applications.

In a letter sent yesterday, Aluminium Association of India (AAI) urged the Finance Minister and Commerce Minister to continue with the processing of MEIS (Merchandise Exports from India Scheme) applications through DGFT MEIS Portal and continuation of MEIS scheme with enhanced rate from 2% to 5% for all aluminium products to survive the current economic situation. This letter was sent in wake of the Government envisaging cutting the funds outlay for MEIS (Merchandise Exports from India Scheme) from around Rs 45,000 Crore in FY 2019-20 to Rs 9,000 Crore for April-December 2020 and diverting these funds for other purposes. The DGFT has also blocked the MEIS module from 23rd July from accepting new applications to limit the issuance of any more scrips. This has created an extremely precarious situation for the Indian Aluminium exports which have declined by 11% from $5.7 billion in FY-19 to $5 billion in FY-20, and further will render exports vulnerable and uncompetitive vis-à-vis global players in international markets.

The aluminium body also demanded inclusion of aluminium in Product Linked Incentive Scheme and implementation of Remission of Duties or Taxes on Export Products (RoDTEP) scheme on priority for aluminium industry to make India’s aluminium exports competitive and create a level playing field for Indian exporters vis-à-vis global players in international markets.

Being a continuous process industry, all the Indian Aluminium smelters are operating in the country at around 90% capacity. The slump in domestic demand is hurting the domestic Aluminium industry and it will take substantial time for the domestic demand to pick up. The only option left for the industry to sustain is to export the Aluminium products to survive the current situation due to COVID-10 pandemic, but the prices are expected to continue to be weak due to demand slump globally. Aluminium exports from India are struggling to remain globally competitive due to high incidence of unrelated Central & State taxes and duties, constituting ~15% of Aluminium production cost which is amongst the highest in the world. This is adversely impacting the sustainability & competitiveness of the Aluminium industry. This is in sharp contrast to the global aluminium industry which is heavily supported by major aluminium producing countries especially China, by way of various incentives/subsidies for raw materials, tax benefits & export tax incentives, low-interest rate loans etc. to enhance the cost-competitiveness.

Aluminium exports are currently eligible for a 2% MEIS reward rate which itself does not provide ample cushion to remain competitive against a current bearish market condition which is likely to last long. The RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for exports is yet to be formulated and implemented by the Government, which was announced in September 2019 by Hon’ble Finance Minister and approved by the Cabinet in March 2020. While the domestic industry is trying its best to remain competitive, Government support is extremely crucial at this juncture to boost exports and survive this challenging phase.

Government has identified aluminium amongst 12 Champion Sectors, where India can be a global leader and major supplier. The industry has massive potential to double the exports to the tune of $10 billion forexes earning in the near future. Aluminium exports which contributed $ 5.7 billion to India’s forex earning in FY-19, i.e. 1.7% of total Indian exports ($330 billion).

Business World

Adani Gas LimitedQ1 FY21 Results Revenue from Operations at INR 207 Cr EBITDA at INR86 Cr

Aug 5, 2020 by Gouri Achary 0 Comments #Adani Gas LimitedQ1 FY21 Results
EDITOR’S SYNOPSIS 
Operational Highlights Q1 FY21 (Standalone): 
Ø Uninterrupted gas supply (24X7) maintained even during complete lockdown for 2/3rd of the quarter period and partial resumption during the balance period of the quarter with adoption to the rapidly changing environment
Ø  Adani Gas continued its “Safety First” approach and implemented highest safety standards to ensure the safety of our employees, consumers, vendors and our business partners
Ø  Despite continued COVID-19 impact, the combined volume of CNG and PNG achieved @ 64 MMSCM vs 137 MMCM in Q1 FY20
Ø  Volume in June’20 was at 0.71 MMSCMDcompared to volume in April’20 at 0.35 MMSCMD showing significant volume recovery trend
Ø  PNG Home Connection increased to 4.38 Lacs (979 New Connections in Q1 FY21)
Ø  Commercial & Industrial connection now increased to 4,448
 Financial Highlights Q1 FY21 (Standalone): 
Ø  Revenue from Operations stood at INR 207 Cr vs. Q1 FY20 INR 479 Cr
Ø  EBITDA stood at INR86 Cr vs. Q1 FY20EBITDA of INR146 Cr
Ø  PBT for Q1 FY21 was at INR 63 Cr vs. Q1 FY20PBT of INR 123 Cr
Ø  PAT for Q1 FY21 was INR 46 Cr vs. Q1 FY20PAT of INR 79 Cr  

Ahmedabad, August 5, 2020: Adani Gas Ltd. [“AGL”] today announced the financial results for the first quarter ended 30th June 2020.

Standalone Financial Highlights:

ParticularsUoMQ1 FY21Q1 FY20% Change
YoY
Operational Performance    
Sales VolumeMMSCM64137-53%
CNG SalesMMSCM2471-66%
PNG SalesMMSCM4067-40%
Financial Performance    
Revenue from OperationsINR Cr207479-57%
EBITDAINR Cr86146-41%
Profit before TaxINR Cr63123-49%
Profit After TaxINR Cr4679-42%

COVID-19 update on Business:

With continued lockdown of 69 days in Q1 FY21the Company witnessed volume impact of 53 % as compared to Q1 FY20. There was a progressive rebound in volumes as compared to the pre-COVID situation and exit volume as on 30th June 2020had already reached at 1.25mmscmd as compared to 1.60 mmscmd for the month of Mar’20. The operational performance of the business continues to be recovering in a phased manner towards Pre COVID level.

During the period of lockdown, the Company had maintained un-interrupted supply of Natural Gas – 24X7 for PNG and CNG consumers.

Critical operations like Area Emergency Offices & Master Control Rooms, Remote functioning of Customer Care Services have remained operational adhering to complete safety and social distancing guidelines during the period ensuring safe and satisfactory support to the consumers.

The Company’s operational efficiency, enhanced focus on supply chain management, contract negotiations, the third party spend, and fuel efficiencies have helped in partially addressing the impact of lower volumes and improving EBITDA margin in Q1 FY20.

Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “Adani Gas Limited has delivered a good performance even amidst the global pandemic. Commitment to sustainability is the cornerstone of the growth which AGL is set to chart. Our strategy is designed to deliver growth with goodness while contributing to the larger objective of nation-building. In line with the Government’s policy, we are committed to contributing to the nation’s vision of providing a safer, cleaner and greener energy. As India’s economy slowly revitalizes, Adani Gas will put its best to overcome challenges posed by the global pandemic as a nation”

Mr. Suresh Manglani, CEO of Adani Gas said, “We are watchful of the ongoing pandemic situation for Covid-19. As a responsible natural gas service provider, Adani Gas Limited has ensured continuous supply of CNG and PNG, uninterrupted and prompt customer care service during these tough times. Adani Gas Limited has delivered a sustainable performance in Q1 FY21 despite the impact on PNG Industrial& Commercial and CNG segments. The company is continuously and closely monitoring the developments and is actively working to moderate the impact of this unprecedented situation. We have resumed project and operational activities in phased manner which were ceased in March’20 on account of lockdown, to meet our commitments towards the development of city gas distribution in the new geographical areas (GAs) and contribute towards the nation-building & providing clean energy for all. 

Business World

Fragrance Brand Rosemoore Joins fight against Corona

Aug 5, 2020 by Gouri Achary 0 Comments #Ankit Kansal, #COVID 19 virus., #Fragrance brand Rosemoore, #Managing Director- Rosemoore, #premium English fragrance brand

Fragrance brand Rosemoore presents seamless incorporation of corona protection with fine fragrance blends. The fragrance brands incorporate active ingredients that can kill up to 99.8% coronavirus in its products such as diffusers and refills.

Once believed to be a luxury, fragrances are now gradually becoming indispensable lifestyle products in middle-income Indian households. Products such as reed diffusers, electronic diffusers, scent sacks, candles, & burners are now increasingly used in Indian homes, offices, & retail stores.

As brands like Rosemoore are stepping their game and introducing evolved products to fight against Corona, a further jump in such fragrant sales is inevitable. Now fragrances would not just be used for lifestyle ambiences, but also as a no-side effect alternative to fight and neutralize the COVID virus.

Commenting on the new development, Ankit Kansal, Managing Director- Rosemoore said that we are glad that we will be leading the fight against Corona with a fragrant and innovative twist. Not just in homes but these products can be widely used in other public places such as shops, malls, offices, ATMs, & much more, offering a suitable line of defence against the perennial virus. Given that there have been cases of infection transmitting through the air, the use of diffusers can be effective in preventing the spread of diseases.

“However, it was not even imagined that by integrating with medically proven substances, they will be an effective preventive measure against the COVID 19 virus.

Started in 2012, Rosemoore is a premium English fragrance brand, holding a commendable share in the offline as well as online fragrance retail. The company sells over 200 SKUs across 25 Indian states. Rosemoore, which sources its ingredients from the UK have always worked with a mindset of continuous evolution to stay ahead of the game. It has emphasized on bringing high quality yet value-driven products in the evolving Indian markets.

Business World

The tale of ‘The Invisible Man’ whose presence meant death, featuring Detective Boomrah

Aug 5, 2020 by Gouri Achary 0 Comments #Detective Boomrah, #Kwatra village, #The Invisible Man’, #thriller story series by Kahanikaar Sudhanshu Rai

Sometimes, the answer to what is happening today lies in the past. And it takes a unique vision and approach to find that answer. In a yet another nail-biting thriller story series by Kahanikaar Sudhanshu Rai, the audience is invited to explore the mystery surrounding The Invisible Man. This latest story is set in Kwatra, an ancient village with rocky mountains that has a mysterious black lake. What makes it more interesting is that popular character Detective Boomrah will be seen unravelling the mystery of The Invisible Man overcoming various hair-raising twists and turns.

Imagine you are in the comfort of your home, caught up in your daily routine and suddenly in one moment you sense an unwelcoming presence lurking in some dark corner of your home; observing you. What would you do? The residents of Kwatra village are experiencing something similar. The calmness of Kwatra village, situated far away from the hustle-bustle of cities, is disturbed by a strange presence – a figure in long black clothes with a rope cascading from his shoulder and holding a cagy wooden stick. People who encounter this presence would either disappear or commit suicide the next day.

In the first two parts of the series released by Kahanikaar Sudhanshu Rai, The Invisible Man chooses some horrendous means to make his presence felt and the villagers are grappling to keep themselves sane and safe. One by one many in the village meet their dark fates but how does The Invisible Man select his prey and what is the ultimate aim?

With his engrossing narration, the storyteller transports his listeners to the Kwatra village, and the fear of villagers can be felt profoundly. As a ray of hope, Detective Boomrah makes his way to the village in the hope of finding the truth. But is Boomrah aware of what he is getting into? Is his own safety at stake as he decides to uncover the mystery of The Invisible Man?

Boomrah is a highly popular detective character of the era who people love and trust to crack any case. Boomrah is different from traditional detectives we have come across earlier, and so is his style. Are you ready to indulge deeper into the mystery of The Invisible Man with Detective Boomrah?