Tag: Chief Executive Officer

G Square Acquires lands for 160 Crores in ECR

Chennai: G SQUARE, South India’s largest land aggregator and plot promoter, today announced its acquisition of three properties- 2 in Neelankarai and 1 in Kovalam, ECR for a total of 160 Crores

The company has already been instrumental in promoting fully developed and self-contained ready-to-construct plots meeting international quality and standards, at prime ‘on road’ locations in and around Chennai and Coimbatore.

The properties located in Neelankarai and Kovalam will soon be intended for plotted development and will be sold as residential and commercial plots. The first property, G Square Beach Walk located on Neelankarai, ECR main road is about 5.4 acres is conceptualized approximately into plots of one ground each. Price for a 1 ground plot starts from 2.25 Cr, the second property, G Square Seawoods located on Sandeep Avenue, Neelankarai is of about 2.3 acres is approximately into plots of one ground each. Price for a 1 ground plot starts from 2.1 Cr. G Square Prestige in Kovalam comprises residential plots ranging from 600 sqft to 2400 sqft and commercial plots starting from 3600 sqft.

ECR has become the most sought-after location in Chennai with the proposed road widening and the connectivity from OMR to ECR. G Square’s recent 3 project launches in ECR had a tremendous response with more than 80% being sold establishing the desire for the locale.

Also, Because of the pandemic people are looking to live in the independent houses than the apartment community due to the complexities in the apartment living. These projects will help people realize their dream of living independently but in a secured gated community.

Speaking on the occasion, Mr. N. Eshwar, Chief Executive Officer, G SQUARE said, “G Square is very excited with this new property acquisition in the ECR. The acquired 2 properties in Neelankarai will be the only one ground approved plot available in ECR before Akkarai which means that plots in ECR will now be available from 2 Crs onwards. The kovalam project is located bang on the main road and opens doors to a fantastic commercial opportunity and affordable residential property.

The three projects soon to be RERA registered and CMDA approved will be developed in ready-to-build villa & commercial plots and will come with 24×7 CCTV security, 5 years free maintenance, blacktop internal roads and share a cozy, upscale neighbourhood that has some of the best schools, colleges, and hospitals in the city. Also with departmental stores, shopping hubs, pharmacies, and restaurants in close proximity, the location truly provides for a life of convenience. The place is well connected and easily accessible from and to any part of Chennai.

OnMobile Global Acquires 100% Stake in AI Powered Visual Retention Leader rob0

OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment announces the 100% acquisition of rob0, through its subsidiary OnMobile Global Solutions Canada Ltd. This investment is in continuation to the initial acquisition of 25% equity stake in May 2020.

rob0 (incorporated in Feb 2019) offers best-in-class patent pending Vision AI technology. The platform gathers, analyses and provides smart insights that help to clearly understand user behaviour, optimise gameplay and increase player retention.

This investment by OnMobile, is the second major step towards creation of ONMO, the D2C mobile cloud-gaming platform, after the acquisition of Appland AB, Sweden in October 2018. These strategic acquisitions lay the foundation of technologies which form the pillars of ONMO.

Alongside, OnMobile has hired a stellar team of product managers, engineers and marketers who are working on developing ONMO, which is built on three key mobile gaming trends (eSports, Social and Short Form Gaming) and two disruptive technologies (AI and Cloud Streaming), and is currently being Beta tested in 3 locations globally. rob0’s low bandwidth session streaming and AI generated user spotlights will be a key tool in making ONMO a global success.

Commenting on this acquisition, François-Charles Sirois, Executive Chairman, OnMobile Global, said, “rob0’s acquisition brings to life our ONMO mission of creating the best gaming moments that bring esports to everyone in one click, and takes us a step closer to our goal to be the uncontested leader in social esports globally.”

Krish Seshadri, Chief Executive Officer, OnMobile Global, said “rob0 has been an integral part of our cloud gaming product, ONMO. rob0’s technology and Vision AI picks the best parts of a game and helps ONMO create thousands of short, unique challenges for mobile casual esports players.”

“We’re excited to help build the next generation of mobile gaming. OnMobile’s vision for the future of casual games is inspiring and I’m proud to see our vision AI technology playing an essential role in making it possible.”, said Richard Rispoli, Co-Founder and CEO, Technologies rob0 Inc.

Tribal Women Of Raj Uphaar Power Go First’s New In-Flight Menu

New Delhi: GO FIRST (formerly known as GoAir) today introduced a range of sweets and savouries as part of the in-flight menu in association with Raj Uphaar, an initiative by Shrimad Rajchandra Mission Dharampur (SRMD).

GO FIRST has added rice chakri, masala wafers, almond thins and waffle chips to its in-flight menu on the domestic and international network. These products are made by tribal women of Raj Uphaar, a women empowerment programme of Shrimad Rajchandra Love and Care, an initiative under SRMD. This initiative is part of GO FIRST’s commitment to the upliftment and empowerment of the marginalised sections of society.

As part of the introductory offer, GO FIRST is offering a 20% discount for online and on-board purchases till August 31, 2021.

Speaking about the initiative, Mr. Kaushik Khona, Chief Executive Officer, GO FIRST said, “We at GO FIRST have led various initiatives for the empowerment of the marginalised sections of society. This innovative initiative is an extension of our ongoing social programs and is aimed at inclusiveness and empowerment of these wonderfully talented women at Raj Uphaar. We believe that the products rank high on quality and our passengers will love them. The facility at Dharampur maintains food hygiene standards and the Raj Upahaar also has the FSSAI accredition for its facility and products. We are delighted to provide support, even though small it may be for this noble and social cause.”

Commenting on the development, Shri Atmarpit Nemiji, Trustee, Shrimad Rajchandra Mission Dharampur, said, “Rural women have evolved and truly benefitted from ‘Raj Uphaar’. Raj Uphaar is a laboratory of innovation; a school of learning; a space of conquering fears, building confidence, cultivating values; and a home for holistic development.”

Raj Uphaar empowers many underprivileged tribal women of South Gujarat towards self-reliance and sustainable livelihood.

GO FIRST works extensively with various organizations and also actively contributes to various social welfare initiatives. It recently enabled the transportation of oxygen cylinders for COVID patients across the country.

Go First Celebrates India’s Record Best Performance At Tokyo Olympics

Mumbai: GO FIRST, founded as GoAir, is celebrating India’s best-ever haul of seven medals at the Tokyo Olympics 2020 by offering free travel to all medal-winners for the next five years, until 2025 on the ever expanding domestic and international network. India finished its campaign with one gold, two silvers and four bronze medals.

Neeraj Chopra won gold in the Men’s Javelin Throw final to win independent India’s first medal in athletics on Saturday. His gold is also India’s second-ever individual gold medal at the Olympics after Abhinav Bindra won the shooting gold at Beijing in 2008.

Speaking on the country’s best-ever performance in the Olympics, a delighted Mr Kaushik Khona, Chief Executive Officer, GO FIRST said, “The entire nation is elated at the unprecedented success of our Olympic contingent. At GO FIRST, we wish to express our gratitude for this historic feat by offering free tickets to all the medal winners. This is a great achievement for Indian sports and we congratulate every member who represented the country and made Indians everywhere proud.”

The seven Olympics medalists Mirabai Chanu (weight-lifting), P.V.sindhu (badminton), Lovlina Borgohain (boxing), the men’s hockey team, Ravi Kumar Dahiya (wrestling), Bajrang Punia (wrestling) and gold medalist Neeraj Chopra (javelin throw) will be provided free air travel for any GO FIRST sectors for the next five years.

 

Bridgeweave launches AI-powered InvestorAi – Your Personal Investment Analyst

Mumbai, India– Bridgeweave, a UK based fintech founded by Akshaya Bhargava, founding CEO of Progeon (now Infosys BPO) and erstwhile Global CEO of Barclays PLC Wealth and Investment Management, today announced the launch of its mobile app InvestorAi, an AI-powered personal investment analyst for retail investors, using AI algorithms that have been trained for global equity markets.

Commenting on the launch Akshaya Bhargava, Chairman and Founder at Bridgeweave said, “The world has seen an explosion in new, digital retail investors entering equity markets. These investors are looking for investment ideas. Our algorithms analyse each stock in equal depth, giving access to the same high-quality research that has historically only been available to institutional investors. We’re on a crusade to close this investment information gap for everyday investors by giving them same high-quality predictive market insights from a mobile app that top hedge fund managers and investment bankers get from a team of quant research analysts.

We believe that human plus machine is an incredibly powerful combination – we call this notion “You+AI” – and our mission is to make it easier to invest intelligently, empowering every investor to make more informed decisions”

InvestorAi covers over 4500 global stocks and 1500 ETFs in 15 markets and the algorithms perform over 800 million calculations every day – something that is impossible for a regular retail investor to do. There are over 600 live signals available at any point in time with new ones being added every day. “We are delighted to expand our reach to India to help transform the narrative of intelligent investment information. Our purpose is to empower and help everyone make better investment decisions by providing the best possible information and ideas in the most convenient way possible.” Akshaya added.

Bruce Keith, Chief Executive Officer, Bridgeweave said, “Bridgeweave’s model has a very large addressable market as it empowers the entire eco-system of investors and advisors. The algorithms become smarter and the insights get personalized, providing a more tailored experience. We are hugely optimistic about the India market, especially with the boom in retail investments and a large base of tech-savvy millennials.”

Once registered on the app, a user can:

Look for investment ideas generated through predictive analytics whose prediction range can be as little as 3 days to 30 days to longer term signals on value stocks

Discover ideas on their own by pre-curating a universe of ETFs and stocks based on algorithms which allow the user to search and filter using a wide range of criteria

Compare stocks before buying through the “Play” algo which allows the user to compare any two stocks in a visually easy way across multiple criteria or against the Index

Activate intelligent monitoring through an algo that enables a user to monitor individual stocks and thematic baskets, set up custom alerts for profit or loss limits, find similar stocks, see past signals or be alerted if there is a new signal on the stock

Trade at will through InvestorAi’s integration with brokers to allow its users to put through trades through their existing broker accounts

InvestorAi starts at a monthly fee of Rs. 799 and comes with a 15-day free trial period. The app is available in India on both Android and iOS devices: InvestorAi link

Go First Operates Essential Medical Cargo Charter Flight To Tashkent

Go First logo

 

Hyderabad: GO FIRST (formerly known as GoAir) has transported a shipment of essential medical supplies to Tashkent from Delhi.

Aimed at expanding dedicated cargo services in the CIS region, GO FIRST is committed to delivering critical logistics during the pandemic between India and CIS nations.

GO FIRST is focused on improving cargo operations between India and Uzbekistan, as India is the primary exporter of essential pharmaceutical supplies to the country. The charter operations will further enhance and streamline the supply chain for both the pharmaceutical sector and CIS region.

Speaking on the initiative, Mr. Kaushik Khona, Chief Executive Officer, GO FIRST said, “GO FIRST is eyeing expansion in the CIS region including Uzbekistan and this dedicated cargo charter is a step in that direction. These flights will further increase our network in the region and will definitively support the supply chain movement. We are exploring newer avenues in future to enhance and streamline cargo charter experience across our entire network . With GO FIRST’s competitive advantages, companies will greatly benefit from our excellent value added services”.

GO FIRST has been steadfast in its effort to support the nation’s fight against the unprecedented Covid crisis. Recently, the airline ferried oxygen concentrators to Delhi and Patna.

Dvara Kgfs Receives The Long-Term Rating Of ‘Acuite A-’ By Acuité Ratings & Research Limited! ~This rating reinforces the strength of Dvara in meeting all

Dvara Kgfs Receives The Long-Term Rating Of ‘Acuite A-’ By Acuité Ratings & Research Limited! ~This rating reinforces the strength of Dvara in meeting allMumbai: Acuité Ratings & Research Limited, a SEBI registered and RBI accredited credit rating agency, assigns the long-term rating of ‘ACUITE A-’ (read as ACUITE A minus) on the facilities of Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS) with the outlook on the long-term rating set at stable.

The rating factors in all the continuous support of founder-promoter Dvara Trust (erstwhile IFMR Trust) and also takes into consideration Dvara KGFS’s established presence in its areas of operations and demonstrated growth of its AUM which stood at Rs. 1,107.79 Cr. as on March 31, 2021. The company has maintained a conservative leverage of 3 times as on March 31, 2021.

Commenting on the rating, Mr. Joby C O, Chief Executive Officer, Dvara KGFS, said “‘Acuite A-‘ rating by Acuité Ratings & Research Limited reinforces the trust reposed on Dvara KGFS by various lenders both domestic and foreign. It is truly a proud moment for Dvara KGFS to upgrade the ratings to A- and hopes it help us to broad base our fund raising to more lenders with more competitive rates.“

Highlighting the importance of the upgrade, Mr. Vijayakumar G, Chief Financial Officer, Dvara KGFS, said, “We see Liquidity flow for the NBFC’s should be continuous and this rating upgrade to A- during these difficult times would give the company more access into capital markets resulting in reduction of cost of funds during FY22.”

Birla Carbon introduces ‘CONTINUA’

It is time to make carbon black Circular Birla Carbon introduces ‘CONTINUA’

Mumbai, India & Marietta, USA – May 25, 2021: Birla Carbon, a global carbon black leader, today introduced a first-of-its-kind Sustainable Carbonaceous Material with the launch of CONTINUA. This represents a ground-breaking step forward in the availability and know-how of sustainable solutions in the carbon black industry.

‘Sustainability at Scale’ is one of the key differentiators of Continua supported by technical expertise and backed by the trust and credibility of Birla Carbon. Continua products, by their circular nature, will enable large and quantifiable carbon footprint reductions, paving the way for greener, cleaner, and more sustainable industry value chains. Over the next five years, 73,000 tonnes of Continua will be available annually for use in a wide range of applications including tires, mechanical rubber goods, plastics, and many more.

A Life Cycle Assessment conducted according to ISO 14040 and ISO 14044, demonstrates that, at full capacity, 228,000 tonnes of direct and indirect CO2 emissions will be eliminated on an annual basis when compared to the conventional carbon black process.

Speaking at the announcement, Dr. Santrupt B. Misra, Chief Executive Officer, Birla Carbon, said, “As leaders in our industry, it is our responsibility to make a difference through our focus on sustainability and innovation. We are now ready to share sustainable solutions with the world. With the launch of ‘Continua’, we hope to deliver consistent, Sustainable Carbonaceous Materials to our customers to take their circularity aspirations closer to reality.” He further added, “Birla Carbon’s purpose is to ‘Share the Strength’, and with ‘Continua’, we have taken our purpose a step further and higher. We look forward to engaging our customers in making sustainability and circularity a reality through ‘Continua-ous innovation’.”

Commenting on the announcement, John Loudermilk, Chief Operating Officer, said, “Continua embodies our untiring determination to innovate towards sustainable business solutions. The infinity symbol spells out the brand name Continua, representing our relentless spirit of continuously working towards true sustainability and circularity in the value chains we serve. The unfinished infinity loop is an invitation to come together and explore the potential of Continua products to create more circularity throughout our common value chains.”

The Continua product offering comprises not only the quality, consistency and sustainable attributes of the carbonaceous materials but is accompanied by technical expertise, a robust supply chain, and Birla Carbon’s industry leadership.

Singapore Airlines Group Commits to Net Zero Carbon Emissions By 2050

The Singapore Airlines (SIA) Group today announced its commitment to achieving net-zero carbon emissions by 2050, reinforcing its long-standing strategy of working towards decarbonisation and environmental sustainability across its operations.

The Group’s airlines, Singapore Airlines, Scoot, and SIA Cargo, will use multiple levers to achieve this goal. These include investing in new-generation aircraft, achieving higher operational efficiency, adopting low-carbon technology such as sustainable aviation fuels, and sourcing for high-quality carbon offsets.

SIA Group has pursued multiple projects in support of its sustainability goals even amidst the Covid-19 pandemic. For example, the Group completed the installation of solar panels on all of its office buildings in Singapore. This generates renewable energy that provides up to 18 percent of its electricity demand or enough to power around 2,300 four-room apartments in Singapore for a year.

In 2020, SIA rolled out a new regional Economy Class meal concept that offers increased food choices for customers. It features tableware comprising sustainable paper packaging and bamboo cutlery, reducing the amount of single-use plastics in the cabin. This packaging weighs 50 percent less, helping to lower fuel consumption. Everything from the tableware to the food waste will be sent to an eco-digestor to be converted to refuse-derived energy pellets that can replace fossil fuels and coal.

Mr. Goh Choon Phong, Chief Executive Officer, Singapore Airlines, said: “We have remained focused on our sustainability goals even as we navigated the Covid-19 pandemic. We know that this is also an increasingly important issue to both our customers and staff. With today’s pledge to achieve net-zero emissions, we buttress the SIA Group’s leadership position on this topic and reinforce our commitment to finding ways to tackle our impact on the environment.

“Today, the most effective and direct way for an airline to materially lower carbon emissions is by operating a young fleet of aircraft. The SIA Group’s fleet has an average age of under six years, making it one of the youngest in the world. Over the last year, we have retired 45 older aircraft. We will be gradually replacing them with new-generation aircraft that are up to 30 percent more fuel-efficient, and will substantially lower our emissions in coming years.

“However, we can’t achieve our goals on our own. We will continue to collaborate with governments, the airline industry, and partners such as aircraft manufacturers, technology providers, and fuel suppliers, both in Singapore and around the world. We must work together to push the envelope, and find innovative solutions that help us meet our targets on this journey.”

How the SIA Group aims to achieve net-zero carbon emissions by 2050

The SIA Group’s aircraft fleet has an average age of five years 10 months, and it continues to invest in the latest technology. The Group’s order book comprises new-generation models such as Airbus’ A350-900 and A320neo Family and Boeing’s 777-9, 787 Family, and 737-8 Max. These aircraft are up to 30 percent more fuel-efficient and have reduced carbon emissions compared to older models.

There is also a relentless focus on increasing fuel efficiency through improvements in operational procedures. For example, the SIA Group has invested in engineering improvement packages for airframes and engines which help to reduce drag and improve engine efficiency. The Group’s airlines continuously aim to improve fuel productivity through initiatives such as reducing fuel usage through aircraft weight management, and optimisation of flight routes. Innovations in technology and data analytics will also pave the way for more significant improvements, and the Group will continue to engage research institutions to explore such ideas.

Singapore Airlines has been an active member of the Sustainable Aviation Fuel Users Group (SAFUG) since 2011. In 2017, SIA launched a series of green package flights from San Francisco to Singapore that incorporated sustainable aviation fuels, fuel-efficient aircraft, and optimised air traffic management measures. In 2020, SIA worked with Stockholm’s Swedavia Airport to uplift sustainable aviation fuels on flights departing from the city. These activities have helped to improve the Group’s understanding of the logistics and procurement of renewable fuels. SIA is actively working with partners and stakeholders to explore opportunities to scale up the adoption of sustainable aviation fuels across our network.

Beyond reducing direct emissions, carbon offsetting can play an important and complementary role. The SIA Group is a participant in the International Civil Aviation Organisation’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which seeks to cap the industry’s growth in carbon emissions from 2020. While offsetting is particularly important in the mid-term, it is also expected to remain relevant in the long run to mitigate residual emissions. In order to secure high-quality carbon offsets, the Group will continue exploring pathways through a partnership that will allow us to source high-quality carbon offsets.

As the SIA Group embarks on this journey towards net zero emissions by 2050, it will continue to collaborate with like-minded partners to develop a robust sustainable aviation fuel supply chain and carbon market. This includes working together with stakeholders in Singapore to develop a holistic decarbonisation plan, which complements Singapore’s goal of strengthening the country’s air hub and maintaining its competitive advantage in the future.
Further details on SIA’s sustainability initiatives can be found in the backgrounder and on our website.

Ness Accelerates industry cloud strategy for Financial services with the acquisition of Risk Focus

Ness Digital Engineering, a global provider of Digital Transformation solutions and a portfolio company of The Rohatyn Group (TRG), is pleased to announce its acquisition of Risk Focus, a leading consulting and advisory firm specializing in Digital Transformation for Financial Services.

“Adding Risk Focus’s core competence in Digital Transformation services to Ness’s core DNA in product engineering strengthens Ness’ position as a full lifecycle digital engineering firm offering digital advisory through scaled engineering services,” said Ranjit Tinaikar, Chief Executive Officer, Ness. “With this acquisition, Ness also continues to execute on its strategy to build strong industry expertise in Financial Services and bolster our competencies in cloud and data services.”

Headquartered in New York, Risk Focus creates measurable business impact with technology expertise, business insight, and a nimble delivery process, including shorter implementation cycles that allow for feedback, adaptability, and quick delivery of results. The company is an Advanced AWS Partner with the Financial Services, Migration and DevOps competencies, as well as Premier Confluent Systems Integrator, making it one of the top 5 AWS partners in the Financial Services industry.

“Joining Ness allows Risk Focus to better serve our clients by adding scale-out engineering capabilities to the Risk Focus expertise in Digital Transformation,” said Vassil Avramov, Founder and CEO of Risk Focus. “I look forward to helping drive our continued success as well as deepening our technology excellence in cloud, data and AI in my new role as CTO of Ness.”

“Ness is one of the few at-scale pure digital engineering players that seamlessly manages projects from strategy through execution,” said Thomas Kucera, Managing Director, TRG. “This acquisition strengthens Ness’ position as one of the top providers in digital engineering globally.”

The transaction is expected to close in the second quarter of 2021. Alantra LLC served as exclusive financial advisor to Risk Focus. Financial details were not disclosed.

About Ness

Ness is a full lifecycle digital engineering firm offering digital advisory through scaled engineering services. Combining our core competence in engineering with the latest in digital strategy and technology, we seamlessly manage Digital Transformation journeys from strategy through execution to help businesses thrive in the digital economy. As your tech partner, we help engineer your company’s future with cloud and data. For more information, visit www.ness.com.