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News

Dell Technologies and Hope Foundation Inaugurate Digital Inclusion Lab at Vidhya Mandir ITI and AI Training Center at T.C. Palya in Bangalore

Bangalore, Karnataka – July 11, 2024 – Dell Technologies and Hope Foundation today celebrated the inauguration of a new Digital Inclusion Lab at Vidhya Mandir ITI in Doorvani Nagar and an AI Training Center at T.C. Palya in Bangalore.

Dell Technologies and Hope Foundation Inaugurate Digital Inclusion Lab (2)

The inauguration ceremony marked a significant milestone for students’ computer education. Officials from the Block Educational Department, along with Dell Technologies representatives, including Ms. Archana, CSR Head, South Asia Pacific & Japan, and Hope Foundation CEO Mr. Chandra Shekar, joined the event. Mr. Shekar Mandal, AGM of ITI, and members of the Block Education Office North 4 were also present to celebrate this achievement.

The Dell Digital Inclusion Lab was formally inaugurated. The new lab aims to empower school children who study in government schools, Government aided schools, and youth with digital skills. This initiative is being done across Tamil Nadu, Karnataka, NCR of Delhi, Jharkhand, Sikkim and Manipur. This initiative also enables government and aided schools to offer digital inclusion labs for their students.

“We are very glad to partner with Hope Foundation to bring these new resources to the students of Bangalore,” said Ms. Archana, CSR Head, South Asia Pacific & Japan at Dell Technologies. “These labs will provide students with the skills and knowledge they need to succeed in the digital economy. At Dell, we have a very ambitious goal to impact 1 billion lives by 2030.”

“This is a great opportunity to learn digital literacy and cybersecurity for the students of ITI Vidya Mandir,” said Mr. Shekar Mandal, AGM of ITI. “These new labs will give them the opportunity to learn the latest technologies and prepare for further education and jobs of the future.”

About Dell Technologies

Dell Technologies is a global leader in providing essential infrastructure for the digital age. The company offers a wide range of products and services, including servers, storage, networking, and software. Dell Technologies is committed to giving back to the communities where it operates and has a long history of supporting education and environmental initiatives.

About Hope Foundation

Hope Foundation is a non-profit organization that works to empower underprivileged communities through education, technology skill development, and employment. The foundation provides a variety of programs and services, including computer training, job placement assistance, digital literacy & cyber security workshops to school children youth and adults.

News

MSME Minister Announces Seedfund for Differently Abled and Transgender Startups in Tamil Nadu

Jun 29, 2024 by Sujata Muguda 0 Comments #Chennai, #Global Startup Coordination Centres, #Hon’ble Minister for MSME, #MSME Minister, #Seedfund for Differently Abled, #Tamil Nadu, #Thiru. T.M. Anbarasan, #Thozhil Nayam

Chennai – June, 29, 2024: Hon’ble Minister for MSME, Thiru. T.M. Anbarasan, announced in the assembly that a special Seedfund will be introduced to support the Startups run by differently abled and transgender people in Tamil Nadu. He made the announcement on Friday during the demand for grant session for the
MSME Department.

The special Seedfund is meant to support startups run by differently-abled individuals and transgender people in order to achieve inclusive growth in new- age entrepreneurship development. StartupTN will identify potential beneficiaries throughout the state.

The Hon’ble Minister announced that new Regional Startup Hubs will be established in Coimbatore and Tiruchi cities in the current financial year. Regional Startup Hubs have already been established in Madurai, Tirunelveli,
Erode, Salem, Hosur, Cuddalore, and Thanjavur in the last two years. In addition, the Chennai Metro Startup Hub, equipped with all the required facilities, has already been established.

The Hon’ble Minister also announced that Global Startup Coordination Centres (GCC) will be established in Singapore and the United States of America in the 2024-25 financial year to support startups registered in Tamil Nadu in expanding their business on the global stage, he said. The Hon’ble Minister also announced that a modern Design Studio named ‘Thozhil Nayam’ will be established at StartupTN Chennai Metro Hub to fulfil the requirements of startups in designing their products.

Business

United Way Bengaluru Launches ‘Mangroves Matter’: A Campaign to Restore Mangrove Ecosystems Started revitalizing mangrove ecosystems at Pulicat near Chennai

Mangrove @ Pulicat 1

Bengaluru, May 27, 2024: Recent reports indicate a staggering loss of about 35% of mangroves between 1996 and 2010 highlighting a concerning trend in environmental degradation. Mangrove ecosystems play a significant role in stabilizing coastlines, making their preservation crucial for the environment and inhabitants. Mangroves are a natural solution to climate change, the paramount global threat. They can sequester carbon at a rate five times greater than tropical forests.

Responding to this urgent need, United Way Bengaluru (UWBe) has launched an ambitious and impactful campaign, ‘ Mangroves Matter’, to revitalize mangrove ecosystems. The first foot is at Pulicat or Pazhaverkadu, a coastal town near Chennai, Tamil Nadu. Known as the ‘jungle of roots‘ in Tamil, Pulicat encompasses a vast expanse of 720 sq. km, constituting India’s second-largest brackish water body. Rampant destruction of mangrove vegetation by human activities and natural causes has led to a massive reduction in the lake’s depth from 3.8m to 2m. This ecological decline has endangered biodiversity and threatened the livelihoods of local fisherfolk dependent on the mangrove ecosystem.

The ‘Mangroves Matter’ campaign was officially launched on World Wetlands Day, 2024, with a bold vision to rewild approximately 10 lakh mangroves across 100 acres in the Pulicat region alone. In addition to their environmental advantages, the campaign will closely work with the Irula community, opening up livelihood opportunities for them and boosting the local economy by supporting the cultivation of shrimp and fish species. The project also includes removal of acres of Prosopis ( Karuvelam ), an invasive species which has destroyed the local flora and soil ecosystems.

Sriram Ananthanarayanan, Director-Projects, UWBe, said, “I am glad that many of our Corporate CSR partners have come forward to support this campaign with a shared vision towards environmental commitment. Notably, our CSR partner, Mphasis, has pledged their support to this cause, dedicating the rewilding of mangroves on 70 acres in Pulicat. “

Looking ahead, United Way Bengaluru envisions extending the campaign’s reach to other regions, including Andhra Pradesh, Karnataka, and Kerala. Upholding its mission of “mobilizing the caring power of communities,” the organization calls upon organizations from different industries to join hands in supporting this vital mission for the preservation of the planet’s precious ecosystems.

Rajesh Krishnan, CEO, UWBe, said, “COP28 made significant progress towards securing the Mangrove Breakthrough’s goal of 15 million hectares of mangroves underpinned by USD 4 billion new investments by 2030. I am super excited that United Way Bengaluru is among the very few organisations who have taken this initiative. ‘Mangroves Matter’ is aligned with the aspiration of COP28, which calls out the responsibility of the State, corporations, local people, community, NGOs and other stakeholders to deliver the Breakthrough.”

Business

Tilaknagar Industries Q4 Profit Up 20.9%, Revenue Hits Rs 358.8 Crore

May 23, 2024 by Sujata Muguda 0 Comments #IMFL industry, #Indian-Made Foreign Liquor (IMFL) manufacturer, #Interest Tax Depreciation and Amortization, #Mr Amit Dahanukar, #Mr Dahanukar, #Mumbai, #Tamil Nadu, #Tilaknagar Industries, #Tilaknagar Industries Limited

Mumbai, May 23, 2024: Leading Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited (TI) has reported a 20.9 per cent increase in its Net Profit (excluding exceptional items) at Rs 39.5 crore in the quarter ended March 2024 as against Rs 32.7 crore in the corresponding period a year ago.

Maker of the Mansion House Brand – India’s largest and world’s second-largest selling brandy, Tilaknagar Industries recorded a rise in revenue to Rs 358.8 crore in the January-March 2024 quarter as against Rs 357.4 crore in the same period a year ago.

Mr Amit Dahanukar, Chairman and Managing Director, Tilaknagar Industries said,”FY24 has been a year of consolidating our brandy leadership through a steady mix of market share gains by our mature brands like Mansion House Brandy and Courrier Napoleon Brandy, and growth in recently launched brands like Flandy. Our premium brandy brand, Mansion House Reserve, which is sold only in Tamil Nadu, registered a more than 2x growth in volumes in FY24, gaining market share in the relevant segment in the state by more than 300 basis points. We continued to grow faster than overall IMFL industry, as well as in ‘Prestige & Above’ segments.”

The company’s Earnings Before Interest Tax Depreciation and Amortization (EBITDA) improved by 10.9 per cent to Rs 48.2 crore in the quarter under review as against Rs 43.5 crore in the year-ago period. Tilaknagar Industries’ EBITDA margin improved by 128 basis points (bps), standing at 13.4 per cent in the quarter ended March 2024 as against 12.2 per cent in the corresponding period a year ago.

In the quarter ended March 2024, the company’s sales volumes increased to 28.5 lakh cases as against 28.4 lakh cases in the same period last year.

“FY24 was the second consecutive year in which we were India’s fastest growing IMFL company of scale. All this has been possible due to a clear strategic drive of focusing on brandy category seeding and meeting need gaps across premium price points in brandy, through a combination of well thought out marketing strategies and product launches”, Mr Dahanukar added.

In the financial year ended March 2024, Tilaknagar Industries emerged as the fourth- largest IMFL company and the third largest Prestige and Above player in the key state of Telangana. The company continued to gain market share in another key state, Puducherry, where it has a more than 25 per cent share of entire IMFL industry, registering a more than 500 bps growth in market share.

In addition, Tilaknagar Industries, in FY24, gained more than 100 bps market share in its top five states of Telangana, Andhra Pradesh, Karnataka, Puducherry and Kerala which contribute more than 80 per cent to its volumes and approximately 40 per cent of total India IMFL volumes. This increase in market share has been on account of gains within brandy as well as taking share from other categories.

As on 31st March 2024, the company’s gross and net debt stood at Rs. 119 crore and Rs 74 crore, respectively. In FY24, Tilaknagar Industries reduced its gross debt by more than Rs 130 crore. The company aims to be net-debt free over the course of FY25. Additionally, the Company has also seen a reduction in interest rate on Kotak loan from 13 per cent to 9.95 per cent, effective mid Q1 FY25.

For FY24, the company also declared a dividend of Rs. 0.50 per share. This is on the back of dividend declared in FY22 and FY23 of Rs. 0.10 and Rs. 0.25 per share respectively.

Health

Honourable minister for health and family welfare of Tamil Nadu inaugurates ‘fall prevention’ programme at MGM healthcare

Jun 9, 2022 by Agency 0 Comments #fall prevention, #MGM Healthcare, #Tamil Nadu

MGM Healthcare today hosted an awareness programme on the Prevention of Falls among the elderly. Minister for Health and Family Welfare, Honourable Thiru Ma Subramanian, was the Guest of Honour and Director of the hospital Dr. Prashanth Rajagopalan, along with Dr Govindaraj AB, Director, and Senior Consultant of Orthopaedics inaugurated an exclusive Fall Prevention Programme for the elderly.

The fall prevention programme at MGM Healthcare is exclusively aimed at raising awareness on Fall Prevention by intensely working on outreach measures and providing counselling to the elderly. Health care providers of MGM Healthcare will visit each of the houses of the elderly enrolled in the program to identify and educate them on the impact of fall-related injuries. The team of doctors will also provide the elderly with easy-to-do strength and balance training activities that would be remotely monitored by the MGM physiotherapists through Tele rehabilitation programmes.

Dr AB Govindaraj, Director, and Senior Consultant of Orthopaedics at MGM Healthcare said, “Most people consider falls as natural and part of Life. Falls are not natural, can be devastating and yet is preventable. We at MGM Healthcare curated this programme aimed at seniors and caregivers to raise awareness of these facts. Brittle bone disease and Vitamin D deficiency are rampant in our society, which can add to the problem of falls and fractures. Our Strong bones program will identify those at risk and help them to overcome their deficiency.”

Dr Prashanth Rajagopalan, Director, MGM Healthcare said, “According to the World Health Organization (WHO) global report on falls prevention, elderly fall about 28%–35% in each year and this proportion increases as age and frailty level increase. This programme will provide extensive support to senior citizens by identifying their health conditions and providing appropriate remedies. MGM Healthcare takes pride in setting up a dedicated programme for the elderly.”

Business

End The Year with a Bang! Samsung Announces Lucky Draw Prizes Worth INR 4 Crore on Purchase of its Home Appliances

Dec 17, 2021 by Gouri Achary 0 Comments #home appliances, #Lucky Draw Prizes, #New Year lucky draw, #Raju Pullan, #Samsung, #Tamil Nadu

Samsung, India’s largest and most trusted consumer electronics brand, has announced a New Year lucky draw contest on its range of home appliances to make the Christmas and New Year celebrations merrier.

Around 600 consumers buying Samsung Refrigerators, Washing Machines, Microwaves, Dishwashers and AirDressers from December 15, 2021 – January 26, 2022, will stand a chance to win Samsung AirDresser, Refrigerator or Microwave worth INR 4 crore.

All they need to do is register on the microsite and upload the invoice once their purchase is complete. The winners will be announced on four different occasions during the contest period. The contest participation is applicable on the purchase of Samsung Home Appliances from all leading retail stores across the country (except Tamil Nadu).

For consumers in Tamil Nadu, Samsung has introduced another contest wherein they need to enter a slogan on the microsite along with the invoice of the Samsung Home Appliance they have bought. 18 lucky winners from Tamil Nadu will be announced at the end of the promo period.

Additionally, consumers across India during the offer period can avail offers such as additional cashback up to 20% and EMIs starting as low as INR 990.

“As the year 2021 comes to an end, we at Samsung would like to help our consumers make the most of Christmas and New Year celebrations by rewarding them for their love and commitment for us. We have curated a unique contest aimed at providing them with an opportunity to upgrade their homes with premium technology and products from Samsung,” said Raju Pullan, Senior Vice President, Consumer Electronics Business, Samsung India.

Business World

Bus travel on path to normalcy: Over 3 lakh passengers travelled through redBus for the 2nd October long weekend

Oct 16, 2020 by Gouri Achary 0 Comments #Andhra Pradesh, #Gujarat, #Karnataka, #Maharashtra, #post-COVID, #Prakash Sangam, #redBus, #Tamil Nadu

RedBus, India’s largest online bus ticketing platform, recorded over 3 lakh seat reservations across the country over the 2nd October long weekend, in the latest sign of the industry returning to normalcy. States such as Uttar Pradesh and West Bengal are currently showing high demand for bus travel, surpassing pre-lockdown levels, partly due to limited availability of trains on key routes, making buses the most preferred means of travel.

Over the long weekend, Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Gujarat and West Bengal recorded maximum demand for travel in the country, while the top destinations preferred by the passengers were Hyderabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai and Ahmedabad.

The top 5 routes in the country for which redBus is witnessing significant bookings at present are, Bengaluru – Hyderabad, Delhi – Chandigarh, Hyderabad – Vijayawada, Asansol – Kolkata and Gorakhpur-Delhi.

Safety of passengers and the bus crew continues to be the top priority for redBus and the platform had earlier launched its Safety+ program, certification for its partner bus operators who meet the highest standards of excellence in safety and sanitization. Safety+ certified operators follow strict safety protocols to address the concerns around safety due to COVID-19.

The redBus ticketing platform indicates bus operators with this self-certification, with a Safety+ tag next to the bus listing, enabling passengers to opt for such operators or buses.

While Safety+ ensures that the partner bus operators enforce a slew of strict safety measures to keep the passengers safe, redBus has also listed out a set of passenger guidelines encouraging them to travel responsibly for a safe journey.

A behavioural shift that has been evident post-COVID is the preference for online bus booking going up. This has gained traction lately due to the safety and convenience aspects associated with it, compared to offline modes of ticket purchase. redBus has seen a rise in first-time customers, with the percentage of the transactions undertaken by new customers nearly doubling from 11% (Pre-COVID) to 21% (Post-COVID).

Another interesting trend being witnessed is the willingness among people in Tier 2 and Tier 3 towns to travel, resulting in them contributing around 67% of the current bookings, as they look to return back to their workplaces (this was 56% earlier in the pre-COVID period).

Some of Tier 2 and Tier 3 cities with high demand for bus travel at present are Jaipur, Gorakhpur, Indore, Visakhapatnam, Kalaburagi, Rajkot, Malda and Guwahati.

Speaking on the upbeat near-term outlook for the industry, Prakash Sangam, CEO, redBus, said, “The current phase is an important inflection point with a steady rise in demand for bus travel across the country, brought about by the gradual resumption of activities across all spheres, making travel a necessity. We expect this trend to continue with an increase in economic activity, further relaxation in locked down activities, the upcoming festive season and also when colleges/universities reopen. On many routes, we have also seen a substitution of demand moving from Trains to Buses.”

Tag: Tamil Nadu