Tag: Chairman and Managing Director

Business, Technology

Jakson Group To Showcase Helia Pv Modules At Intersolar India Expo 2021

Dec 2, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Jakson Group, #Mr. Sameer Gupta

New Delhi: Jakson Group, one of India’s leading energy companies will be participating in INTERSOLAR INDIA Expo, at Gandhinagar from December 2 – 4, 2021. Jakson will be showcasing Helia Modules, Battery Energy Storage Solution ‘EnerPack’, Solar Inverters & Kits in Hall 12, Stand H 021.

Speaking about Jakson’s participation at the event, Mr. Sameer Gupta, Chairman and Managing Director, Jakson Group said, “We have always been at the forefront at providing affordable and technologically advanced solutions to our customers for their power and energy requirements. We are happy to be part of the event as it gives us a great opportunity to showcase our technology to various stakeholders. The Helia modules and Battery Energy Storage Solution (BESS) showcased at the Expo are in line with Jakson Group’s mission to support India’s ‘Aatmanirbhar Bharat’ ambition, its commitment to mitigate climate change and help India achieve its renewable energy goals by 2030.”

• The Helia Series is a range of indigenously developed Ultra-Modern, high output PV modules using A+ category half-cut MonoPERC solar cells. It is available in both monofacial and bifacial categories, with variants ranging from 120, 132, 144, and 156 half-cut cells configuration. The bifacial range of Helia modules offer an additional power gain of up to 15% from the rear side of the modules due to the use of transparent back sheet.

The Helia series PV modules are equipped with multi-busbar technology (MBB) and high-density interconnections enabling it to provide significantly better output at higher temperatures and under low-light/ shading conditions. Designed to perform at its peak in the most challenging of environments, the Helia series of PV modules have excellent PID characteristics and is covered by 25 years of performance warranty and 12 years of product workmanship warranty. The Helia range of PV modules are also cost-effective and will positively impact Return on Investment (ROI) of a solar plant by reducing the requirement of land/ rooftop space.

• Battery Energy Storage Solution ‘EnerPack’ provides carbon – free clean power and enables uninterrupted silent power supply while significantly reducing costs. Equipped with a hybrid inverter, lithium – ion batteries, and intelligent energy systems, it has the capability of combining grid power, and even DG supply.

Its compact and modular design makes it easy to transport and install, while fast – charge capability and low – system energy consumption makes it practical and pocket – friendly. BESS’s uninterrupted power supply ensures zero production losses without disruption in operations.

The BESS range starts from 5KW and meets residential, commercial and industrial needs. BESS also provides power back-up that reduces revenue loss to industries due to power cuts. It requires about 2 hrs. of charging and can be optionally remote monitored with encrypted data logging. It is designed as per IEC standards and the enclosure has IP – 54 protection. The product doesn’t require civil work and has an in – house smart EMS for optimal performance and efficiency.

Health, News

Neuberg Diagnostics partners with MS Dhoni to send the message of health and wellness

Aug 17, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Dr. GSK Velu, #Former India Skipper and Captain of Chennai Super Kings, #MS Dhoni, #Neuberg Diagnostics

Hyderabad: Neuberg Diagnostics, India’s fourth-largest diagnostic lab chain, today announced that it has partnered with ace cricketer, MS Dhoni, for creating awareness about Neuberg’s health and wellness campaign and conveying its efforts towards empowering every citizen with better and affordable healthcare.

Dr. GSK Velu, Chairman and Managing Director, Neuberg Diagnostics, said, “MS Dhoni complements our growth mindset, and thus is a strategic fit during our growth years. We are excited about this association and are honored to have him on board as our evangelist and global brand ambassador. We are keen to take our plethora of diagnostic services across the country and convey our efforts towards empowering every citizen with better and affordable healthcare. Furthermore, Dhoni’s commitment towards maintaining good health and fitness resonates well with our mission and will remind people to prioritize their health. Dhoni’s backing will enable us to communicate about our commitment and services more effectively.”

MS Dhoni, Former India Skipper and Captain of Chennai Super Kings, said, “The leaders at Neuberg are committed to providing affordable healthcare across India, and that really struck me and it’s a pleasure to be associated with the team and their various programs aimed at providing access to quality and affordable healthcare. Amidst the Covid-19 pandemic, they have taken up the campaign to raise awareness about health and wellness across age groups. I personally feel that these efforts are important and deserve to be advocated.”

On the back of growing footprints, the company has been seeing robust growth. In a matter of four years since its inception, with a presence in three continents, the company ended its FY21 with revenues of Rs.800 crore, and on the back of its differentiated offerings, it is aiming to close FY22 with revenues of Rs.1000 crore with more than 200 labs and 3000 collection centers, located across the world.

MS Dhoni will also enable the company to generate recall across its global markets in the UAE, South Africa and the USA.

Business, News

Sunteck Realty Limited announces financial results for Q1 FY22

Jul 31, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Mr. Kamal Khetan, #Sunteck Realty Ltd.
         Rs cr
Operational Data Q1 FY22 Q1 FY21 YoY % Q4 FY21 FY 2021
Pre-sales 176 101 74% 371 1,022
Collections 172 65 165% 321 780

                     

  Rs cr
P&L Statement Q1 FY22 Q1 FY21 YoY % Q4 FY21 FY 2021
Revenue 93 55 69% 191 614
EBITDA 21 16 32% 35 137
OPM % 22% 28%   18% 22%
Net Profit 3 -3 NM 10 42

Commenting on the Q1 FY22 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “In this transformational environment, we remain focused on execution of our existing portfolio – reflected in construction and collection progress of our various projects. We continue to maintain our balance sheet strength, complimented by prudent cash flow management.

Presently, we are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The industry consolidation has already resulted in 3 new project acquisitions for us at Vasai, Vasind and Borivali in MMR. Going forward, we expect to leverage our brand franchise and management expertise to continue to evaluate new growth opportunities and thereby increasing our overall market share.

A key to our strong operational performance is being a dominant developer in each of the micro-markets and housing segments we are operating. Additionally, the focus on our core strength of sales & marketing and in-house construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward.”

Education, News

IIM Sambalpur conducts 4th & 5th annual convocation in the virtual mode

Jun 29, 2021 by Rekha Nair 0 Comments #Board, #Chairman, #Chairman and Managing Director, #Chief guest Shri Sajjan Jindal, #Director, #IIM Sambalpur, #JSW Group, #Prof Mahadeo Jaiswal, #Smt. Arundhati Bhattacharya

Sambalpur: IIM Sambalpur, the hand-crafted IIM and one of the most promising and dynamic management institutions among the new generation IIMs of the country, concluded yet another successful academic year with the 4th (2018-2020) & 5th (2019-2021) annual convocation in the virtual mode. The convocation was graced by Chief guest Shri Sajjan Jindal, Chairman and Managing Director of JSW Group, Shri CS Nagendra D Rao President, Institute of Company Secretaries of India (ICSI), Smt. Arundhati Bhattacharya, Chairman, Board, IIM Sambalpur and former Chairperson of the State Bank of India and Prof. Mahadeo Jaiswal, Director, IIM Sambalpur along with the faculty, staff and students, media journalists, guests from the Govt of India, Govt of Orissa and other distinguished guests. A total of 187 students were felicitated in the convocation with the 5th Batch having highest gender diversity across all IIMs with 46 female students in a batch strength of 95.

While congratulating the graduating students, Chief guest Shri Sajjan Jindal, Chairman and Managing Director, JSW Group said, “The reason why IIM Sambalpur has achieved such rapid stride as a learning centre is owing to the fact that the institute has been imbibing young talent with experimental learning and orientation. I would like to thank the institute’s teachers and faculty for this achievement. These young leaders are the torch bearers of hope, and the society is looking up to for resilience during a disruption. This generation has learnt several valuable lessons at a young age from this pandemic that is how to negotiate extreme uncertainty and how to make better choices under extreme unpredictable conditions. These are among key lessons that will surely help and guide these students in a post covid world. We must remember famous Japanese Proverb “Nana korobi, ya oki” which means fall down seven times, stand up eight and never quit our endeavours no matter how many times we fail.”

Smt. Arundhati Bhattacharya, Chairman, Board, IIM Sambalpur elaborated, “I am very pleased to see 187 graduating students from the two batches and I convey my heartiest congratulations to each one of them. I am positive that the precious time they have spent at IIM Sambalpur will go a long way in creating a solid foundation for a brilliant career in whichever field they choose to explore on. They will be going out of the portals of an institution where they have played a significant part in shaping its direction and characteristics. Even though this IIM is merely 6 years old, it is developing as a revered centre of excellence. I would advise the students to embrace the guiding values of our institute of Innovation, Integrity and Inclusiveness when they embark upon their new future.”

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, stated, “The performance of IIM Sambalpur in academic year 2019 and 2020 has been remarkable and momentous despite the disruptions caused due to Global Pandemic in this period. We are extremely proud of our graduates and are confident that we have been able to mould these young minds in a way that today we are sending out responsible leaders with an entrepreneurial mindset into the world. We are optimistic that we have instilled IIM Sambalpur’s nine mantras of 3Is of Innovation, Integrity and Inclusiveness, 3Ds of Digitization, Democratization and Decarbonization of business and 3Ms of Mode, Model and Method in imparting education, and the students will use these ideals to accomplish great heights for themselves and our country in turn. These nav Mantra can neutralize the nav graha around our society. The knowledge and skill that they have gathered during their time at the institute will take them a long way in contributing towards the growth of their own, to make a mark in the organization they belong to and become a proud citizen of our country. A very difficult placement scenario was expected for all institutions during 2020 due to the global pandemic and the resultant domestic economic scenario. However at IIM Sambalpur, the Final Placement process for the MBA batch of 2018-20 witnessed close to 100 companies visiting the campus.”

While reading the Director’s report of last year, Prof Mahadeo Jaiswal reiterated the highlights of the academic year that included several milestones for IIM Sambalpur like Highest gender diversity among IIMs, Introduction of the concept of Flipped classrooms, first ever TEDXIIM Sambalpur, Laying of the foundation stone of the permanent campus of IIM Sambalpur by Hon’ble PM Shri Narendra Modi, Signing of several MoUs with International universities and B schools and with the Office of the Collector cum District Magistrate to address the COVID calamity in Sambalpur which received praise from Hon’ble Education Minister Shri Ramesh Pokhriyal, Introduction of Executive MBA degree program and many more.

IIM Sambalpur with its core values of Innovation, Integrity and Inclusiveness is focused on nation-building and is committed in their goal of contributing towards the development of the country. The institute thrives to impart these values in their students to raise responsible leaders with an entrepreneurial mindset who will work towards the betterment of their country. The 5th graduating batch of IIM Sambalpur have achieved 100% placement despite the pandemic with multi fold increase in recruiters across sectors.

IIM Sambalpur conducts 4th & 5th annual convocation in the virtual mode

Entertainment, News

On World Music Day, Bhushan Kumar announces T-Series’ ‘Mixtape Rewind’ presented by Amazon Prime Music

Jun 24, 2021 by Rekha Nair 0 Comments #Amazon Prime Music, #Bhushan Kumar, #Chairman and Managing Director, #Director, #Sahas Malhotra, #T-Series

Starting 30th June, this musical extravaganza featuring 20 talented artists will take you down the memory lane
Listen to these T-Series ‘Mixtape Rewind’ songs first on Amazon Prime Music

After successful seasons of Mixtape Hindi and Punjabi, T-Series gears up for its 3rd season of Hindi Mixtape but this time it goes ‘Rewind’. Produced by Bhushan Kumar’s T-Series and presented by Amazon Prime Music, ‘Mixtape Rewind’s first episode that premiers on 30th June will bring 10 beautiful episodes unveiling every week with songs that will make you reminisce the good old 90s and 2000s.

Bhushan Kumar chose World Music Day to unveil the trailer of the upcoming season which gives the audience a glimpse of the musical extravaganza they are set to experience in these episodes. Bringing together 20 talented Indian artists, the new season boasts renditions by Ash King, Armaan Malik, Benny Dayal, Darshan Rawal, Dhvani Bhanushali, Guru Randhawa, Jubin Nautiyal, Jonita Gandhi, Millind Gaba, Parampara Tandon, Payal Dev, Prakriti Kakkar, Palak Mucchal, Shilpa Rao, Sukriti Kakkar, Sachet Tandon, Tulsi Kumar, Tanishk Bagchi, Yasser Desai, Zara Khan. These artists bring fresh variations with their signature touch to timeless hits like Dil Hai Ki Manta Nahi, Dheere Dheere, Aye Mere Humsafar, Wada Raha Pyaar Se, Kya Mujhe Pyaar Hai, Beetein Lamhe and many more.

To celebrate the music and launch the trailer, all 20 artists along with Bhushan Kumar, video director Ahmed Khan &music director Abhijit Vaghani went live on the T-Series Instagram page to interact with their fans and take the trailer live. While ‘Mixtape Rewind’ episodes will go live on the T-Series YouTube page every Wednesday from 30th June, the audio of every episode will first be exclusively launched on Amazon Prime Music. The new season will be available exclusively first on Amazon Prime Music for Prime members to enjoy an ad-free and hands-free voice-enabled experience with Alexa.

Ahmed Khan, who directed the first season of T-Series Mixtape, helms the latest season, ‘Mixtape Rewind’. Every episode of this lavishly produced ‘Mixtape Rewind’ will be the perfect amalgamation of 90s – 2000s music which was romantic, melodious and peppy with a modern twist giving it a completely new & refreshed rendition. With composer Abhijit Vaghani along with the team at T-Series – Sonal Chawla, Shivam Chanana, Raj Chanana, and Vivin Sachdeva, who have conceptualized and developed Mixtape, this season is going to bring together Hindi music fraternity’s several young artists to add their charm to the iconic music.

Bhushan Kumar, Chairman and Managing Director, T-Series, says, “We have all enjoyed listening to these songs for the past several years, but this time with a modern twist in Season 3 of Mixtape we have made the same songs that will be enjoyed by the new young listener. 20 artists with Abhijit Vaghani have made this season of Rewind groovier, playful and entertaining. We are thrilled to further cement our collaboration with Amazon Prime Music on this very special Rewind season of Mixtape. I can’t wait for audiences to listen and enjoy these reimagined hits.”

Sahas Malhotra, Director, Amazon Prime Music said, “Amazon Prime Music and T-Series have a shared vision of bringing specially curated listening experiences for our customers and we are very excited to partner with T-Series for the third Mixtape partnership – Mixtape Rewind. The successful and overwhelming response by listeners from the previous Mixtape launches has inspired us to create the Rewind edition of Mixtape; with soulful renditions of iconic songs to unwind to the good old simpler times. This collaboration marks another step in our commitment to serving our listeners with delightful performances by their favorite artists, with all songs launching exclusively first on Amazon Prime Music

Health, News

Seniors First Announces Exclusive Partnership with Centre for Sight

Jun 16, 2021 by Rekha Nair 0 Comments #Centre for Sight Group of eye Hospitals, #Chairman and Managing Director, #Dr Mahipal Singh Sachdev, #Dr. Mamta Mittal, #Founder, #Seniors First

New Delhi: Seniors First, India’s premium online marketplace for senior-care tools, services, and products has recently announced an exclusive alliance with the renowned Eye-care brand – Centre for Sight, which is one of India’s leading eye care hospital network with over 150 specialists working across 45 centers in 25 cities. The collaboration is part of a broader commitment from Seniors First to help reshape the future of healthcare for the seniors and bring forward a novel portfolio of products and services to manage their needs.

To deliver effective and accessible eye-care facilities to the seniors, Seniors First has signed an exclusive partnership with Centre for Sight which will allow all the members of Seniors First to avail a 10%discount on a wide ranging services including home eyecare, opticals, and surgical/inpatient services all over the nation.

Trusted by 4000+ users, Seniors First is known for providing a safe and secure yet easy-to-use service-based platform for health care and other lifestyle businesses to the senior citizens, all in the comfort of their homes. Further with this partnership, Seniors First aims to achieve another milestone by providing quick and easy eye-care conveniences to the elderly ones and thus strengthen its position as a one stop-solution for every need for seniors.

“Guided by the mission, “Every eye deserves the best’, Centre For Sight is happy to join hands with Seniors First. A perfect blend of advanced technology and human expertise, Centre for Sight aims to provide world-class eye care within easy reach of masses-both geographically as well as monetarily, and this alliance is one step forward towards achieving our goal.”- said Dr. Mahipal Singh Sachdev, Chairman and Managing Director, Centre for Sight Group of eye Hospitals.

Elaborating on the same further, Dr. Mamta Mittal, Founder, Seniors First, said, “We’re proud to partner with an industry leader likeCentre for Sight. Their dedicated team holds rich experience of providing essential eye-care support to their patrons. Our collaboration with Centre for Sight marks another step forward to bring a portfolio of differentiated products to help manage the needs of elderly people of our country, as we work towards our vision of providing excellent and accessible resources that improve the quality of life for seniors, their caregivers, and the community.”
As part of the collaboration, Centre for Sight will offer discounted services to the people aged above 60 while Seniors First will focus on expanding these offerings across the country.

Business World, News

SJVN Inks an MoU with NIWE to Develop Solar & Wind Projects

Jun 15, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Sh. Nand Lal Sharma, #SJVN

sjvn

SJVN,, a Schedule ‘A’ and ‘Mini Ratna’, Power PSU, has entered into an MoU with National Institute of Wind Energy (NIWE) for ‘Technical Consultancy Services’ for development of Solar, Wind, Hybrid (Wind & Solar) and Hybrid (Wind, Solar & Battery Storage)  Energy Project(s) of SJVN.

NIWE will Support SJVN to assess the feasibility and techno-commercial aspects of Solar, Wind, Hybrid (Wind & Solar) and Hybrid (Wind, Solar & Battery Storage) Energy Project(s) and preparation of Detailed Project Reports, Estimates and Bid Documents covering all relevant aspects from concept to commissioning of these projects of SJVN.

Speaking on the occasion, Sh. Nand Lal Sharma, Chairman and Managing Director, SJVN said, “Government of India is targeting to achieve installation of 175 GW of Renewable Energy capacity by the year 2022 and 450 gigawatts of Renewable Energy capacity by 2030, the joint efforts of SJVN and NIWE are going to accelerate the process of achieving this target and providing Round the Clock (RTC) Energy to our nation.” He further said that these efforts will also lead to achievement of Shared vision of SJVN, of becoming a 25000 MW Company by 2040.

The MoU was signed in a virtual ceremony by the CMD SJVN, Sh. Nand Lal Sharma and Director General, NIWE, Dr. K Balaraman, in the presence of Director (Personnel) Smt. Geeta Kapur, Director (Civil) Sh S.P Bansal, Director (Finance) Sh. A.K Singh, Director (Electrical) Sh. Sushil Sharma, while other Senior Officials from SJVN and NIWE were also present.

 

Business World

Indian Textiles and Apparels Industry availed credit of Rs.1.62 lakh crore as of December 2020, reveals a report by CRIF-SIDBI

Jun 9, 2021 by Neel Achary 0 Comments #Chairman and Managing Director, #Shri Sivasubramanian Ramann, #SIDBI

CRIF High Mark, a leading Indian credit bureau and Small Industries Development Bank of India (SIDBI), the country’s apex financial institution for Micro, Small and Medium Enterprises (MSMEs), today, launched its third edition of Industry Spotlight that analyses the ‘Indian Textile and Apparels’ industry.

Credit landscape in the Indian textile and apparels industry

According to the report, the total amount of credit availed by the sector as of December 2020 stood at Rs.1.62 lakh crore, which witnessed a Y-o-Y decline of nearly 20%. This is due to the suspension of manufacturing activities in the immediate aftermath of the COVID-19 lockdown in March 2020. The report also states that the number of active loans (volume), in the sector stood at 4.26 lakh, as of December 2020.

The industry observed a quarterly decline in NPAs (proportion of credit value delinquent by 90+ days) over the last 2 years, from 29.59% in September 2018 to 15.98% in September 2020. NPAs in December 2020 increased by 0.94% which is nearly 8% lower than NPAs in December 2019.

Export earnings from the sector dropped as of December 2020

Over the years, apparels have contributed to a majority share of exports, followed by home textiles and fabric. However, as per the third edition of the Industry Spotlight, export credit as of December 2020 stands 25% lower Y-o-Y, largely attributable to a decline in exports due to the pandemic.

MSME borrowers have a lion share of the overall credit by volume

With 95% of the overall credit by volume of the sector concentrated in micro, small and medium segment of borrowers, the industry has a presence of close to 5 lakh borrowers as of December 2020.

Geographical insights on top textile hubs

At the state level, Maharashtra has the largest share of the credit portfolio at 25% of the credit book to the sector.

The report emphasizes that the top thirteen regions rich in textiles and apparels manufacturing accounted for 80% of the credit portfolio of the sector as of December 2020. Nearly all states have districts manufacturing textiles and apparels, having several credit active units. Some districts such as Mumbai and Surat have >INR 10,000 crore credit portfolio as of Dec 2020.

Mr. Navin Chandani, MD & CEO, CRIF India, said, “Despite the pandemic, the top thirteen regions active in textiles and apparels manufacturing constituted 80% of the credit portfolio as of December 2020. In India, each state has a unique contribution to the apparels and textile sector. The Government of India announced a special economic package in May 2020 under the Atmanirbhar Bharat program that is set to benefit the large number of small-scale entities, including the weavers and artisans across the country. The right policy interventions, abundant availability and fair access to raw materials along with the surplus available labour can further boost the development of this crucial sector.”

Shri Sivasubramanian Ramann, Chairman and Managing Director, SIDBI said, “The Textiles and Apparels industry in India is one of the oldest and largest sectors of the Indian economy and critical to the country’s employment story. The sector is the fifth largest in exports, contributing to 12% of the country’s export earnings and 2% to GDP. India is a world leader in textiles and possesses the entire manufacturing value chain. The Union Budget 2021-22 has taken into consideration the needs of all sectors of the economy in the quest for the $5 trillion economy and accordingly, in order to enhance India’s textiles competitiveness globally, the scheme for Mega Integrated Textile Regions and Apparel Parks (MITRAs) was announced that will create world class infrastructure with plug n play facilities for the domestic market to showcase steep recovery.”

Lender profiles for the Indian textile and apparel sector

Public sector banks are dominant lenders in providing finance to the sector with a share of 62.61% in volume as of December 2020. The share of private banks, NBFCs and foreign banks were 23.49%, 8.66% and 1.41%, respectively. By value, private banks have the largest share at 40.54% followed by public sector banks with 36.59%, foreign banks comprising of 9.14% and NBFCs with 8.47% as of December 2020.

Industry Spotlight is a series of quarterly reports providing data and trends on industry sectors in each edition, introduced with an aim to help policymakers with the insightful data that can be useful to frame policies. It analyses the credit landscape of the sector, major lenders, sectoral composition and borrower segments along with its risk analysis. The report entails an analysis of credit flow at cluster level while factoring the state of MSMEs in the respective cluster. The first volume was launched in September 2020 with a focus on the Indian Drugs & Pharmaceutical Industry followed by Indian Auto & Auto Components Industry which was released in January 2021.

Business World, News

Piaggio launches the Aprilia SXR 125 in India

May 13, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Mr. Diego Graffi, #Piaggio India

Pune:Piaggio India today announced the launch of Aprilia SXR 125. After the most exciting launch of Aprilia SXR 160 creating a new interesting category of free spirited riders who maxify life at every moment, Piaggio India has further sensed that this distinguished consumer wants more options to choose from. The Aprilia SXR 125 is the new desired choice of delivering the Great Comfort, Style and Performance with another exciting engine option of 125 CC, consumers can now experience the Aprilia DNA through new Aprilia SXR125. The All new Aprilia SXR 125 will be available at an attractive price of INR1,14,994/- ex showroom Pune and can be booked for an initial amount of INR 5000/- across all dealerships in India and through e-commerce website https://apriliaindia.com/.

Aprilia SXR 125 incorporates Aprilia’s latest global design language and is fitted with a single-cylinder, 4-stroke, air-cooled, 3 valve fuel injection clean emission engine technology, that produces peak power of 9.52 PS at 7600 RPM. To deliver the best riding experience and highest level of comfort, Aprilia SXR 125 offers bigger, longer, comfortable and ergonomic seats, crafted in art leather suede feel, detailed with special stitch pattern in grey and red threads. The sharp body lines, geometric contours and high craftsmanship reflect the dynamic premium appeal of SXR 160.
Commenting on the occasion, Mr. Diego Graffi, Chairman and Managing Director, Piaggio India said, “I am very pleased and enthused today as the Aprilia SXR heads towards completing the range starting from 160 CC and now with 125 CC, The Aprilia SXR 125 is an another exciting experience at the most appealing engine category, the 125 CC, our engines offers best with 3 Valves and Clean emission Fuel injection technology offering interesting combination of riding experience and fuel utilisation, With this launch we will be able to offer the new Aprilia Experience to many followers of Aprilia who strive to MaxifyLife!”

Its unique, incomparable looks are complemented with 3 coat HD body paint finish, featuring Aprilia signature graphics, paired with matt black design trims inserts along with dark chrome elements. The wrap around LED technology twin crystal head lights and eye line position lights merges with front indicator blinkers to create its unique light play; the diamond reflection wrap around LED taillights with integrated rear blinkers equally generates the much-sought new age appeal.The SXR 125 comes with aCombi Braking System (CBS) along with ventilated disk brake and twin pots calliper. Aprilia SXR 125 will be available in very attractive Glossy Red, Matt Blue, Glossy White and Matt Black colours.

Equipped with a large 210 cm sq. multifunctional all digital cluster display, the SXR 125 has a host of features such as digital speed indicator, RPM meter, mileage indicator, average speed &top speed display, digital fuel indicator etc. Customers can also opt for the Bluetooth mobile connectivity accessory which connects the user’s mobile to the scooter to explore host of connectivity features. The SXR comes with a 12V, 5.0 Ah MF battery and a fuel capacity of 7L.

Business World, News

Signum Hotels & Resorts and Leading Global IPC IQI Announce Joint Venture To Promote Domestic Tourism In The Post Covid India

Apr 8, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Founder & CEO, #IQI India and Chairman PaMa D’Globizen, #Mehul Sharma, #Pankaz Jaiin, #Signum Hotels & Resorts Pvt. Ltd.

New Delhi: Signum Hotels & Resorts Pvt. Ltd, a hospitality brand operating hotels in India as well as overseas announced a strategic joint venture with the leading real estate player, IQI India. The joint venture committed an investment of USD 150 Million in developing hotel assets across the country, and globally, over a period of 2 to 5 years.

The joint venture, announced at a press event in the city, comes at a time when the Indian hospitality industry is triggering a recovery phase. Though the investments in the sector are at its lowest, the partnership will capitalize on the opportunity to identify and acquire assets at competitive deals, and aims to develop 5000 keys over a period of next 2-5 years. The expansion will be fueled through mergers, acquisitions and property investments across metros, tier 2 and 3 cities in India to promote domestic as well as inbound tourism to experiential destinations, pilgrimage, getaways and key places of interest.

Addressing media at the event, Mehul Sharma, Founder & CEO, Signum Hotels & Resorts Pvt. Ltd. said, ‘We are pleased to be forming this strategic joint venture with IQI India to accelerate our expansion in the country where IQI brings in assets and Signum operates these assets. No hotel brand is successful without a real estate partner, and this joint venture will capitalize on IQI’s global real estate prowess to identify and develop the right assets.’ Mehul further added, ‘At present, domestic tourism is the leading light to recovery for the Indian hospitality industry, and our partnership aims to further fuel growth in the domestic sector, in turn generating more employment opportunities and contributing to government’s #vocalforlocal initiative.’

IQI India, is the India arm of the Global IPC IQI based in Malaysia having operations in 17 countries through PaMa D’Globizen. Pankaz Jaiin, Chairman and Managing Director, IQI India and Chairman PaMa D’Globizen said, ‘Our team experience of decades in the India Real Estate and Retail Market coupled with our access and network through more than 200 cities across India fosters our confidence in the Indian hospitality market and we are eyeing an aggressive expansion in commercial real estate segment. It is about time Bharat gets an experience that has been closely nestled in the urban India and at the same time open up the gateways of the real Bharat to the world to relish and capture in their selfie moments.’

While expansion in the Indian market will remain the focal point of this collaboration, opportunities to expand overseas will also be explored given IQI’s strong International presence. Regions in South East Asia like Singapore, Bangkok and Indonesia, significant parts of Europe and Americas will remain of particular interest for any expansion opportunities.