Tag: Managing Director

Business

Nissan India wholesales 8716 vehicles in September 2021

Oct 1, 2021 by Rekha Nair 0 Comments #Managing Director, #Nissan Motor India Ltd, #Rakesh Srivastava

Bangalore  – On the strength of the successful launch of the all-new Nissan Magnite, Nissan India has achieved a Domestic wholesale of 2816 vehicles for its Nissan and Datsun range in September 2021 with 261% growth over 780 Vehicles in September 2020, and in Exports has achieved 5900 units over 211 vehicles exports in September 2020.

In the first half of the Financial Year 2021, Nissan India has achieved Domestic wholesales of 18,591 units with a growth of 459% over last year. In Exports, Nissan India has achieved sales of 18,608 units in the first half of this financial year with 159% growth over last year.

“Customer sentiment is very positive this festive season with strong inflow of bookings, the momentum on the Big, Bold & Beautiful Nissan Magnite is growing stronger & stronger with more than 65,000 plus Customer bookings. The challenge has been on the supply side with shortages of semi-conductors on which we continue to work with the supply chain partners to deliver more of the game changing SUV Nissan Magnite to delight the Customers.” said Rakesh Srivastava, Managing Director, Nissan Motor India Ltd.

The all-new Nissan Magnite comes with the best, lowest-in-class maintenance cost at just 30 paise/km (for 50,000 kms). Peace of mind comes with a warranty of 2 years (50,000kms) which can be extended for up to 5 years (100,000 kms) at a nominal cost. Nissan customers may also book services and even check costs online through the Nissan Service Cost Calculator via Nissan Service Hub or Nissan Connect, bringing utmost transparency to the process supported by Nissan’s 24/7 Roadside Assistance available in over 1500 cities.

Keeping the health and safety of its customers in mind, Nissan launched the ‘Convenience of Doorstep Service’ and ‘Pick-up & Drop-off’ services of Nissan cars to and from dealerships which mitigates the risk of infection and minimizes disruptions in the schedule of customers. Whilst the ‘Nissan Express Service’ delivers a quick and comprehensive service experience in just 90-minutes.

Nissan India also launched early this month a first-in-industry innovative Virtual Sales Advisor for Nissan Magnite customers as part of its digital platform Shop@home, to enhance customers’ car buying experience.

Virtual Sales Advisor equips Nissan customers with real-time personalized product expert interaction that provides information about the vehicle, answer product and ownership-related queries, variant suggestions, financing and exchange value options, virtual test drives as well as book the car online. The platform provides complete end-to-end informational and transactional assistance in the customer journey to help the customer make a considered buying decision.

This enhances the Shop@Home digital platform for an end-to-end digital contactless car buying experience for the customers. Starting with engaging exploration enabled through virtual showroom and virtual test drive, the platform conveniently provides the options to personalize the car, evaluate exchange value of existing car, calculate, and compare EMIs and apply for finance before booking their personalized car.

Nissan India’s also offers subscription plan that enables customers to own a vehicle with a ‘White Plate’ and a “Buy Back Option” in Delhi NCR, Hyderabad, and Chennai. The plan comes with Zero Down Payment, Zero Insurance Cost, Zero Maintenance Cost.

Nissan India also has its entire range of Nissan and Datsun products in Canteen Store Departments (CSD). Defence personnel can now avail all CSD approved applicable discounts and offers through CSD Depots across the country.

Business

Top 5 mistakes to avoid when applying for a home loan

Sep 28, 2021 by Rekha Nair 0 Comments #Experian India, #Managing Director, #Neeraj Dhawan

-Neeraj Dhawan, Managing Director, Experian India

Buying a home is an emotional decision, a place where you create memories that stay with you lifelong. But do we plan enough while borrowing a home loan? Are we sure that the home loan scheme is the best in industry?

Borrowing a home loan requires analysis and planning, as it is a long-term and expensive commitment. Getting a loan without proper research may damage your financial well-being. While applying for a home loan people need to be very watchful so that they don’t end up with an incorrect scheme or incorrect lender.

Following are the common mistakes while applying for a home loan:
1. No self-assessment: The first mandatory step before applying for any loan is to have a healthy credit score. A credit bureau like Experian provides you free and unlimited credit reports, which is quite easy and convenient to download. A credit score above 700 may lead you to a favourable scheme. This will also give you the power to apply for a loan through the best banks. The lenders will evaluate creditworthiness; a poor credit / repayment history will drop the score and the borrower won’t be eligible for good home loan schemes. In India, only 7% of the home loans sanctioned in the industry are given to customers with Experian Score 300-700.

2. Lack of proper research: Home loans have become quite commonplace and are easily available. With the increasing demand, multiple financial institutions provide customised schemes meeting one’s needs. Hence, it is very important to do proper research before applying for a loan from a particular institution. Home buyers needs to double-check their requirement, plan their finances, check terms and conditions, identify hidden charges, processing fees and flexible repayment options to name a few and accordingly, select the appropriate bank and scheme. Nowadays, many websites allow you to compare the home loan products offered by different banks. Lack of research may lead you to paying unnecessary charges or higher EMI.

3. Shorter the tenure, higher the risk: As far as possible, it is advisable to not opt for a shorter tenure home loan as shorter the tenure, smaller the loan amount. This also leads to a higher risk of default in payment of EMI considering the high EMI amount. The eligible amount would depend on various factors like age, credit history, and repayment capacity. Also, you need a high credit score and good repayment history to avail higher amount and get favourable terms and conditions. A longer tenure will ease your EMI and meet your financial objectives.

4. Repayment capacity: The biggest mistake which people generally do is to not include their monthly expenses while calculating their repayment capacity. The bank generally looks after your liabilities while granting a loan. If your monthly expenses are high and you take a home loan with a higher EMI amount, this may lead to a huge financial crisis. Your EMI outflow generally should not exceed 30-40 percent of your income. One should not depend upon future events such as an increment in your income and instead consider your present financial situation before opting for a bigger loan. Looking at the current situation, it is always advisable to do a thorough study of your expenses before applying for a loan or selecting an expensive property.

5. Not taking any insurance cover: Home loan borrowers should take proper insurance cover to protect their families from financial distress. In case of any unforeseen contingency, the home loan insurance can help the family to clear off the dues. Multiple insurance products cover home loan, like taking a life cover which includes your liabilities. Not securing your liabilities is a risk which most borrowers do not recognize. It is highly recommended to take cover to protect your family members from any financial burden

Business

STEELBIRD launches “SA-2” HELMET—packed with safety & comfort features

Sep 27, 2021 by Rekha Nair 0 Comments #Managing Director, #Mr. Rajeev Kapur, #Steelbird Helmets

New Delhi: Steelbird Hi-Tech India limited, Asia’s largest Helmet manufacturer has launched their new ‘SA-2’ helmets, which combines superior design packed with safety features. The SA-2 range is starting from INR 3849/- and comes in vibrant and classy decals.

SA-2 helmet is injected with comfort and hygiene elements. It comes with multiple air vents for an outstanding air flow ventilation system ensuring a comfortable ride during long hours. Also keeping the hygiene factor in mind, these helmets boast of removable & washable interior padding and cheek pads.

Furthermore, the inclusion of metallic quick release buckles meeting European Standards makes it one of the safest retention systems in the helmets. The vortex generators on the visor helps reduce air friction that allows the riders to ride with ease. To reduce the wind noise in the helmet it is provided with a wind deflector.

Other distinctive features of SA-2 are that its visor comes with an anti-fog shield holder and the helmet has a visor locking mechanism. Moreover, to ensure complete safety on road the model is made from a high impact thermoplastic material shell; SA-2 also comes with a high-density EPS and Polycarbonate (PC) visor with an anti-scratch coating.

Offering superior quality, effective performance and advanced technology “SA-2” helmets offer unmatched safety standards without compromising on the looks, even at the backside SA-2 helmets have spoilers for the sporty look. This compact and classy model has surely kept up with the image and philosophy of the brand along with all rider-friendly components intact.’ says Mr. Rajeev Kapur, Managing Director, Steelbird Helmets.

Suitable for all riders, SA-2 comes in Medium-580mm, Large-600mm & XL-620mm sizes and the model is BIS certified to conform to IS 4151:2015 norms.

Don’t wait! You can get your SA-2 helmet at all Steelbird outlets and on steelbirdhelmet.com.

Technology

KFin Technologies, CAMS launch MFCentral – India’s first interoperable Investment Management platform

Sep 23, 2021 by Rekha Nair 0 Comments #CAMS, #CEO, #KFintech, #Managing Director, #Mr. Anuj Kumar, #Mr. Sreekanth Nadella

Mumbai: KFin Technologies (KFintech) and CAMS, today, announced the launch of MFCentral, a one-of-its-kind digital solution for enhanced service experience for mutual fund investors. The platform expects to transform investor experience with the mutual fund industry through its single window view across all mutual funds.

MFCentral is a collaborative effort of KFintech and CAMS, the Mutual Fund Registrar & Transfer Agents in association with AMFI. For the first time ever in the industry, MFCentral offers digital access to investor lifecycle engagement with the entire MF industry under one roof. The platform aims to render all conceivable transaction types across the industry participants in a highly automated and digitized manner. The platform’s underlying strengths include standardized and uniform processes, inter-operability and future ready architecture for scale and speed.

Mr. Anuj Kumar, Managing Director, CAMS commented, “We are pleased to bring the MFCentral platform to the investor community. The platform will bring about simplification in mutual funds services and reduce turnaround times, while providing safe access. Leveraging the power of digital, MFCentral provides a unified gateway for friction-less services across all mutual funds”.

In addition to a single portfolio view, the platform strives for complete fungibility of physical and digital services. It offers investors the added convenience of generating reports on unclaimed payments and raising service requests for non-commercial transactions (Digital and Scan based), such as nominee change and address update

Speaking on the launch, Mr. Sreekanth Nadella, CEO, KFintech said, “The launch of MFCentral is a milestone moment in the Indian MF industry. At the heart of the platform lie four fundamental objectives – 1. Step change in ease of doing business for Investors, Intermediaries and AMCs 2. Lay foundation for a secure, resilient and hyperscale processing infrastructure to meet exponential growth expected in the MF industry 3. Construct an Info superhighway to provide best in class analytics to the Regulator, AMCs and ecosystem partners and 4. Rationalize redundancy in industry’s efforts and costs”

The platform is conceptualized to go live in three distinct phases, all of which are planned to go live by the end of this calendar year. The first phase, going live today, covers non-commercial transactions (service requests of investors), financial portfolio view, and consolidated account statement amongst other features. The next two phases will see the launch of a mobility platform, financial transactions, and integration with ecosystem partners for several value-added services.

Business

FloBiz, neobank for Indian SMBs, raises $31 Mn in Series B from Sequoia Capital India, others

Sep 20, 2021 by Rekha Nair 0 Comments #co-founder & CEO of FloBiz, #Elevation Capital, #Managing Director, #Mridul Arora, #Partner, #Rahul Raj, #Sequoia Capital India, #Tejeshwi Sharma

New Delhi: FloBiz, a neobank for the growing Indian SMBs, has raised $31 million in Series B round led by Sequoia Capital India, Think Investments and its existing investors Elevation Capital & Beenext. The capital will be deployed for team expansion, product development and scaling distribution to serve more businesses. FloBiz will also focus on building additional technical capabilities within the organisation, as it prepares to venture into financial services soon.

The latest round also saw participation from renowned angels like Vijay Shekhar Sharma (Paytm), Kunal Shah (CRED), Jiten Gupta (Jupiter), Amrish Rau (Pine Labs), Neeraj Arora (HalloApp), Nitin Gupta (Uni Cards), Ankit Tomar (Bizongo), Sayali Karanjkar (PaySense) and Krishnan Menon (BukuKas), along with 9Unicorns and Whiteboard Capital.

FloBiz’s flagship product myBillBook was launched in January 2020 to help SMB owners digitise invoicing, streamline business accounting and automate workflows of their enterprises. It helps maintain inventory, manage receivables & payables, and access important business reports to enable efficient decision making. With over a million monthly active users, SMBs now record over $1 billion worth of transactions on myBillBook every month.

myBillBook, which is currently available in English, Hindi, Gujarati & Tamil, has consistently been a top rated app on Google Play Store under the Business category. The company aims to launch the app in at least 5 more regional languages within the next 6 months. The product will also see deeper use of technologies like AI & image processing to make the onboarding process for the less tech-savvy SMB owners in tier 2 and tier 3 cities of India a delightful first step to digital accounting.

“SMBs form a large part of our economy and our daily lives. Everyone in the FloBiz team is driven by a deep passion to create an impact by powering growth of the small & medium businesses around us. It has translated into our thoughtful product development process and widespread customer obsession across the organization,” said Rahul Raj, co-founder & CEO of FloBiz. “In addition to our current investors, we’re extremely thrilled to have Sequoia Capital India & Think Investments along with such a stellar set of angels back us on our mission. This raise will help us accelerate projects which have been in the works up till now – building personalisable modules & features into myBillBook, diversifying core product offerings and preparing to roll out financial services. We have a slew of developments in the pipeline to further delight our SMB partners in the next 12 months.”

“Small businesses are the real heroes of our economy. In order to power the SMB economy with technology, one needs deep understanding, instinct and empathy for this audience. We are really impressed by the user centricity, product focus and experimentative approach of the FloBiz founders. There is almost a perfect founder market fit. The team is stoked to partner with FloBiz on their mission of building a neobank for the growing SMBs of India,” said Tejeshwi Sharma, Managing Director, Sequoia Capital India.

​“As consumers, most SMB owners are exposed to best-in-class apps and software products. With the rapid acceleration in digital adoption over the last 18 months, the need for business tools and software that match those high standards is more acute than ever – myBillBook is a leader in this segment. We are privileged to deepen our partnership with FloBiz as they continue to build myBillBook & more delightful SMB products and expand the FloBiz platform to become the neobank of choice for SMB owners”, said Mridul Arora, Partner, Elevation Capital.

With over 5 million downloads across the country, myBillBook app has a strong presence in regions like Maharashtra, Delhi NCR, Uttar Pradesh, Gujarat and Tamil Nadu, which account for more than half of its total user base. FloBiz will continue to strengthen its presence in these regions while focusing on growth in others such as Bihar, Rajasthan, Karnataka and West Bengal. To enable the fast-paced growth trajectory, FloBiz looks to triple its engineering, product & data teams within the next 6 months. Before the $31 Mn Series B capital raise, FloBiz had raised $10 Mn in Series A from Elevation Capital and existing investors in March 2021.

Business

Longest river ropeway project in India completes one year

Sep 20, 2021 by Rekha Nair 0 Comments #Damodar Ropeway and Infra Limited, #DRIL, #IIT Guwahati’ Department of Civil Engineering, #Managing Director, #Mr. Aditya Chamaria

The iconic construction marvel and the longest river passenger ropeway with supporting towers deep inside the mighty Brahmaputra River has completed its one year of operation recently. The construction work on the project was started and taken forward during the time of pandemic, with around 10 engineers and 40+ skilled laborers. The company during the completion of the project faced a great deal of challenges in transportation of heavy materials (weighing close to 25-40 tonnes) across the turbulent river. One of the supporting towers weighing close to 50 tonnes stands tall on the famous tourist site- Umananda island, it is the smallest inhabited river island.

Elaborating upon the public’s response received towards the ropeway project, Mr. Aditya Chamaria, Managing Director, Damodar Ropeway and Infra Limited said, “The ropeway project ever since its operations has received 50,000 visitors in one year, and the daily visitor population nowadays is going close to 700. People commuting daily from the North to South end of the city are heavily relying on this environment friendly mode of transportation. Guwahati being an entry point to North-East India, is a busy tourist destination throughout the year, and ever since restrictions have been lifted the city has been witnessing a good influx of travellers.”

The ropeway project has been constructed and maintained through a Joint Venture Company with the technical and financial partner as Damodar Ropeways and Infra Limited (DRIL). DRIL has been amongst Asia’s most experienced ropeway & infrastructure businesses since 1974. DRIL specializes in building Passenger Ropeways, Material Ropeways and Ski-Lifts as well as bulk material handling plants. The two supporting towers inside the river bed are 9m in diameter, and with depth up to 45m.

The structure and design of the ropeway project is approved by the IIT Guwahati’ Department of Civil Engineering. DRIL’s engineering team has also included one of the safest and never before utilized features in their ropeway project called self-propelled rescue car, which is beneficial for conducting rescue operations in emergency situations. The 30+1cabin capacity project has professionals monitoring the rides every time with the help of walkie-talkie devices.

Business

Urban Square signs Allen Solly and Peter England

Sep 18, 2021 by Rekha Nair 0 Comments #Bhumika Group, #Managing Director, #Uddhav Poddar

Udaipur: Bhumika Group, one of the leading real estate developers in the country, announced that Allen Solly, Peter England have leased out space at Urban Square Mall, Udaipur. The brands have taken up 4500 sq ft in the mall – Allen Solly 2000 sq ft and Peter England 2500 sq ft. Last month, Pantaloons and Thick Shake Factory leased out over 18000 sq ft space here, with Pantaloon taking 17000 sq ft and Thick Shake Factory 1100 sq ft.

These three brands will add value to people’s lifestyles in the region. “The regular interest shown by big brands in the mall proves the utility of the mall. We have always been talking about positioning, and this mall will give desired results to the brands. It is a win-win situation for the brands and us. The objective is to provide the best lifestyle to the city’s people and cater to the international tastes of the tourists visiting the city. The possession at the project will start soon, as we are working according to the RERA commitment,” says Uddhav Poddar, Managing Director, Bhumika Group.

Udaipur’s Urban Square is iconic hospitality-focused mixed-use destination development with a balanced mix of Commercial, Retail, Hospitality and Entertainment. Spread over an area of 1.8 million square feet, Urban Square has leading global brands such as Adidas, Puma, Asics, Shoppers Stop, Inox, Marks & Spencers, Tata Westside, Tata Zudio, Reliance Trends, Adidas, Puma, Asics, F-Bar, Holiday Inn, etc. already signed and many more under finalization.

Business

Akzo Nobel India inaugurates the all-new AkzoNobel Paint Academy in Delhi

Sep 14, 2021 by Rekha Nair 0 Comments #Akzo Nobel India, #AkzoNobel Paint Academy, #Ambassador of the Netherlands to India, #Director - Planning and Marketing, #Managing Director, #Mr Marten Van den Berg, #Mr. P. Udayakumar, #Rajiv Rajgopal

Delhi: Celebrating five successful years of its flagship ‘AkzoNobel Paint Academy’ corporate social responsibility project in Delhi for skill development, Akzo Nobel India Limited in collaboration with National Small Industries Corporation (NSIC), a certified Government of India Enterprise under Micro, Small & Medium Enterprises today inaugurated its Paint Academy in the new premises of NSIC (Okhla, Delhi).

The inauguration ceremony was graced by the Guests of Honor – Mr. Marten van den Berg (Ambassador of the Netherlands to India), Mr. P. Udayakumar (Director – Planning and Marketing, The National Small Industries Corporation Ltd.) and Mr. Rajiv Rajgopal (Managing Director, Akzo Nobel India Limited).

Sharing his thoughts, Mr. Marten van den Berg, Ambassador of the Netherlands to India said “Youth are key for sustainable economic and social growth. The Netherlands firmly believes that by building right skills we can achieve both economic prosperity and social cohesion. Moreover, both the Netherlands and India recognizes the importance of skill development and is committed to encourage exchange of best practices and collaboration between the two nations. Therefore, I am delighted to see this partnership between Akzo Nobel India and National Small Industries Corporation which will go a long way to address Sustainable Development Goals (SDGs) 5,8,10 and 17- gender equality, decent work & economic growth, reduced inequalities and revitalize the global partnership for sustainable development. It is very impressive to note how the partnership is promoting skill-building with a safety focus, empowering the disadvantaged, and driving Diversity and Inclusion in the painting community”.

Commenting on the inauguration of AkzoNobel Paint Academy, Mr. P. Udayakumar, Director – Planning and Marketing, The National Small Industries Corporation Ltd. said, “I am delighted to see AkzoNobel Paint Academy transforming the art of painting with science and creating new entrepreneurship opportunities. I thank Akzo Nobel India and Mr. Marten van den Berg, Ambassador of the Netherlands to India for their presence in the event. With Indian families now increasingly staying at home, demand for painting will grow further. NSIC will continue to support Akzo Nobel India’s commitment to transform youth into entrepreneurs. There is tremendous potential in painting skills, and we at NSIC look forward to expanding the reach of this initiative together with AkzoNobel through our Skill centres across cities in India. NSIC will also be happy to provide the bouquet of services to the trainee graduates so that they become successful in their endeavours.”

Elaborating on this initiative, Rajiv Rajgopal, Managing Director, Akzo Nobel India, said, “Akzo Nobel Paint Academy is a testimony of our AkzoNobel Cares commitment. In just 6 years, our Paint Academies are helping the youth who aspire to be gainfully employed and economically empowered. At the same time, Akzo Nobel is contributing to promote diversity and foster inclusion in decorative painter community. By giving an equal opportunity and livelihood rehabilitation for many women, transgenders, prison inmates and juveniles, the AkzoNobel Paint Academies are adding colour to the lives of people. In convergence with Skill India and driven by the support of NSIC, we are confident that the Paint Academy will fulfil the dreams of many more youth.”

In its five years at Delhi, AkzoNobel Paint Academy has benefitted over 1,500 youth. In its new avatar, the Delhi chapter aims to train 200 youth in the first year itself! Furthering diversity and inclusive culture within the field of painting, nearly 30% of the trainees in AkzoNobel Paint Academy will be women and youth including transgenders, prison inmates and juveniles. To promote learning without barriers, it also offers free hostel facilities for outstation students.

The month-long course in decorative painting empowers new-age painters to gain marketable skills. The training includes modules on modern painting techniques, knowledge of paint surfaces, use of safety tools and PPE (Personal Protective Equipment). The Academy also helps painters develop soft skills to ensure better customer satisfaction. On completion of the training program, Akzo Nobel India facilitates employment opportunities for the successful candidates with paint contractors.

In synergy with Government of India’s flagship ‘Skill India’ programme, Akzo Nobel India launched its flagship skill-development initiative AkzoNobel Paint Academy in 2015. Since then, the five state-of-the-art AkzoNobel Paint Academies in Delhi, Kolkata, Bengaluru and two centers in Navi Mumbai have benefitted more than 9,000 youth.

Business

Plaza Premium Group Goes All-In on AWS to Drive Global Growth

Sep 10, 2021 by Rekha Nair 0 Comments #AWS, #Chief Information Officer, #Hong Kong and Taiwan, #Managing Director, #Olivia Chang, #Plaza Premium Group, #Robert Wang

Bangalore: Today, Amazon Web Services (AWS), an Amazon.com company, announced that leading airport hospitality provider Plaza Premium Group (PPG), which serves more than 20 million passengers annually in over 250 locations across 70 international airports globally, has gone all-in on AWS, closing two data centers and migrating the vast majority of its IT infrastructure to the world’s leading cloud to deliver better customer experiences. PPG is leveraging the breadth and depth of AWS services, including networking and content delivery, serverless, blockchain, management and governance, and security, to seamlessly expand its presence to over 500 locations by 2025, including lounges at the 100 busiest airports worldwide, at 40% lower cost. By digitally transforming during the COVID-19 pandemic, PPG is helping its business partners, including airports, airlines, and travel operators, cut overhead costs as travel resumes by efficiently managing their lounges, airport operations, and loyalty programs using cloud technology. With AWS, PPG can also deploy IT services in new lounge locations 20 times faster and innovate new solutions, including the company’s global airport loyalty rewards program.

Before migrating to AWS, PPG was experiencing technological constraints using on-premises infrastructure, which made upgrading architecture, expanding into new markets, and building new customer services challenging. With AWS, PPG can provision infrastructure at new locations faster, reducing the time to roll out new lounge locations from up to four months to as little as one week. In addition, using Amazon CloudFront, a fast content delivery network (CDN) service, PPG improved the performance and stability of its lounge management system, allowing customers to check into PPG’s airport lounges using their smart phones in less than a minute.

PPG is also leveraging AWS to help its business partners succeed. PPG uses Amazon API Gateway, a fully managed service that makes it easy for developers to create, publish, maintain, monitor, and secure application programming interfaces (APIs) at any scale, to make the group’s lounge management system available as a Software-as-a-Service (SaaS) solution for its partners. These partners can also gain insights into customer travel and dining preferences to create new personalized offers for airport lounge customers, including travel-related products and services like private lounges access, spa and wellness experiences, and hotel discounts.

To increase customer loyalty, PPG developed a centralized and secure solution on the cloud to host Smart Traveller, the company’s global airport loyalty rewards program that provides international travelers with discounts and special offers from partners in the retail, travel, and dining sectors. Using Amazon Quantum Ledger Database (QLDB), a fully managed ledger database that allows the company to standardize loyalty point transaction reporting, PPG can share and settle travelers’ loyalty points with partners including retailers, lounge operators, and ground transport and accommodation providers in a transparent, permanent, verifiable, and unchangeable transaction log. With this database technology, PPG enables travelers to earn and redeem loyalty points in real-time for member benefits such as lounge access, limousine transfer, and dining.

“PPG strives to make travel better for millions of customers each year. We chose AWS because of its global footprint, security, and high scalability, which enable us to deploy our hospitality services to new airports faster and forge new strategic partnerships to provide premium airport hospitality,” said Olivia Chang, Chief Information Officer, Plaza Premium Group. “By moving our entire infrastructure to AWS, we have access to their unmatched portfolio of cloud services to develop more innovative, secure and seamless customer services, including our Smart Traveller/Arrture Loyalty Rewards Program that is powered by the Amazon Quantum Ledger Database, a fully managed ledger database that provides a transparent, immutable, and cryptographically verifiable transaction log. With QLDB, we can easily verify that there have been no unintended modifications to our data.”

“PPG is taking airport traveler comfort and convenience to new heights with AWS,” said Robert Wang, Managing Director, Hong Kong and Taiwan, AWS. “The leading global provider of airport services has ambitious expansion plans, and AWS provides the scalability PPG requires to meet these ambitions. With AWS’s unmatched suite of cloud services, PPG is quickly rolling out new solutions in a cost-effective way that please customers and make travel better.”

Business

Schueco International KG acquires majority share in Alufit International Private Limited…

Sep 9, 2021 by Rekha Nair 0 Comments #Alufit International Pvt. Ltd, #Andreas Engelhardt, #CEO and Managing Partner of Schueco International KG, #Managing Director, #Pankaj Keswani

Bengaluru, India – Schueco International KG, one of the leading companies in building envelopes worldwide, with global expertise in windows, doors and façades announced it has signed a definitive agreement to acquire a majority stake in Alufit. The consequent joint venture, Alufit International Pvt. Ltd, will accelerate Schueco’s focus on pursuing large commercial and infrastructure facade projects in India. The joint venture will witness the coming together of one of the world’s leading aluminium systems specialists in Schueco and India’s largest aluminium façade fabricator. Pankaj Keswani will continue to lead and will be the Managing Director of the JV, Alufit International Pvt. Ltd.

Commenting on the announcement, Andreas Engelhardt, CEO and Managing Partner of Schueco International KG, said, “India is one of the most active markets for commercial and infrastructure development in the world. As such, it is naturally a key market for Schueco as we aim to grow our presence in international markets. Our joint venture with Alufit gives us a strong platform to scale our growth in India. With a keen focus on quality and state of the art manufacturing facilities, Alufit is a perfect partner for us in delivering sustainable solutions to large façade projects in India. We will work towards enabling sustainable buildings of the future that are backed by technologies and systems that focus on people and which are in harmony with nature. We would like to congratulate all the employees of Alufit and Schueco on this partnership. We are confident that this joint venture will mutually benefit both companies and we look forward to an exciting journey together.”

Pankaj Keswani, Managing Director, Alufit International Pvt. Ltd, added, “This is an important milestone for the entire Alufit family that has worked diligently towards establishing it as India’s go-to façade fabricator. Over the past three plus decades, Alufit has delivered more than 1000 projects of various size, scale and complexity with unwavering quality and professionalism. We are excited to partner with Schueco in offering developers and investors with solutions that will push the boundaries of innovation, service, and raise the bar for building envelops in India.”

Founded in 1984, Alufit has witnessed and played an integral role in evolving India’s skyline. The company has grown sustainably and earned its employees as well as customers trust. Alufit has transformed from its humble origins as an eight-member team to being a revered company for executing challenging projects from office complexes to IT parks to airports. With three state-of-the-art manufacturing facilities strategically located in Bengaluru, Hosur, and Mumbai, the company has completed landmark projects including hospitality, World Trade Centers, IT parks and ITES campuses across the length and breadth of the country for developers, corporates and financial institutions.

As Schueco India celebrates 10 years, it will continue to focus and grow its existing business model under the leadership of Shyam Raghunandan, Managing Director, Schueco India. Schueco India develops and sells system solutions for windows, doors, façades, sliding systems, security technology and sun shading. In addition to these innovative products, the building envelop specialist offers consultation and digital solutions for all phases of a building project – from the initial idea through to design, fabrication and installation. He added, “The joint venture with Alufit will benefit existing fabricator partners of Schueco by accelerating its innovation roadmap through best-practice and knowledge transfer through its combined expertise.”