INDIAN NEWS & TIMES

Friday, February 3, 2023

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company today announced signing of definitive agreements to acquire 100% of SMI – a Madurai headquartered, profitable, IT services company through a combination of upfront and deferred equity consideration totaling ₹ 111 crores. With 400+ offshore-based employees, SMI has an annual run rate in revenues of circa US$ 9 Million. SMI provides product engineering services to its US customers around Enterprise Applications & Integrations, […]

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APM terminals Pipavav, one of India’s most efficient ports is pleased to announce the appointment of Girish Aggarwal as the Managing Director of the company. Girish Aggarwal has worked in leadership roles in multiple industries such as logistics, IT, consultancy services, and FMCG. He is an experienced leader with proven track record in strategic planning, business performance, supply chain management, stakeholder management during the career spanning more than 25 years. In […]

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According to Mr. Vikrant K. Aggarwal, Co-founder of EVI Technologies: – As we come to end 2022 here is a look at how the EV industry will shape up in 2023 onwards. Over the projected 2021–2030, the Indian electric vehicle market is anticipated to expand at a CAGR of 49% as per “2021, India Electric Vehicle and Component market overview report 2021-2030” released by India Energy Storage Alliance (IESA). India […]

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During Q2 FY2023, the sample set registered a YoY growth of 7.0% in revenues in Q2 FY2023, supported by 11.4% growth from the US market and 6.2% in the domestic market. The same was offset by 7.6% contraction in revenues from the European markets. Commenting on the headwinds in the European market, Ms. Mythri Macherla, Assistant Vice President & Sector Head, ICRA said, “Revenues of ICRA’s sample set from Europe […]

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Further to the announcement of the Olea and Vayana partnership last year, we are thrilled to have successfully launched a receivables financing program for a large Indian manufacturer and executed the first landmark export financing transaction under the program.  This transaction marks a key milestone in the Olea – Vayana partnership to provide exporters and importers in India with hassle-free, competitive, and fast access to alternative liquidity. Letitia Chau, Deputy […]

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Hero Electric, India’s oldest and largest electric two-wheeler company, recorded the highest-ever sales of over 100,000 units in the year 2022. The sales milestone reflects Hero’s market leadership for over a decade. Hero also has more than 6 lac customers using HERO ELECTRIC E-Scooters for over a decade. Hero Electric is focused on building a holistic EV ecosystem that supports the E2W category growth and has been inking numerous partnerships to […]

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Air conditioning and commercial refrigeration major, Blue Star Limited, today announced that the Company has been declared the winner of the coveted ‘Golden Peacock Award for Risk Management’* for the year 2022. The Company has now won this award for the second time, the first time being in 2020. The Company was bestowed with this award at a ceremony held in London which was attended by business leaders and eminent […]

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HCL Healthcare, one of India’s largest corporate healthcare service providers, has been recognized among the Top 15 Best Workplaces™ in Pharmaceuticals, Healthcare, and Biotech for the year 2022 by Great Place to Work. This accreditation focuses on companies that provide a stronger, more diverse workplace culture that encourages high performance and trust. The organization has done immense work towards developing a stronger and more diverse culture at the workplace under the inspiring […]

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Prejex Inc., a spin-off of Germany-based Prejex GMBH has entered into an agreement with Polybond, headed by Mr Adit Rathi of Rathi Group to manufacture needle-less injections. This partnership has enabled shifting of the manufacturing capabilities of the German company from Berlin to Pune, for global distribution. The Prejex-Polybond factory will make needle-less injections for the entire world. The efforts of Mr. Niraj Khinvasara, CIO, World Trade Center, Pune, and […]

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The Committee on MSME & Start-up of the Institute of Chartered Accountants of India (ICAI) entered into the INDIA BOOK OF RECORDS today for covering MSME programmes in the maximum number of cities during ICAI MSME Yatra & Setu.   This feat was achieved, when ICAI conducted a nationwide ‘ICAI MSME SETU’ and ‘ICAI MSME YATRA’ under the backdrop of ‘Azadi Ka Amrit Mahotsav’ covering 75 cities across 22 states of […]

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Gateway Distriparks Limited announces the completion of upgradation work of rail-side capacity at its flagship Inland Container Depot (ICD) located at the Garhi-Harsaru railway station in Gurgaon with commissioning of the 6th railway line at the terminal. ICD Gurgaon is the largest hub of the company where Gateway Distriparks consolidates containers from its other locations in the North region, and is able to increase double stacking of containers for the […]

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With the Delhi MCD Election Results being announced, the accurate exit poll predictions by Zee News and Broadcast Assessment & Rating Council (BARC)  towards a robust win of Aam Aadmi Party (AAP) have come to light. As per the Zee News Exit Poll predictions, AAP was accurately projected to register a victory of seats in the range of 134/146, BJP 82/ 94 and Congress 8/14.  The vote share was expected to be […]

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Idemitsu Lube India, a leading automobile lubricant manufacturer launched its all-new range of fully synthetic and high premium Nano Tailored oil for cars and motorcycles in India in the month of May this year. The new IDEMITSU Nano Tailored engine oil series IFG and IRG oils are perfected by taking full advantage of latest Japanese technology and 110+ years oil expertise, that provides best-in-class engine protection and lets you enjoy […]

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Oxane Partners (“Oxane”), a leading technology-driven solutions provider to private markets, announced that it has been recognized by Chartis Research (“Chartis”) as a ‘Rising Star’ in its 2023 RiskTech100® report, a globally recognized independent study of the world’s major providers of risk and compliance technology The ‘Rising Star’ award recognises up-and-coming solution providers in the risk and compliance technology space in global financial markets, that in the opinion of Chartis’ seasoned research […]

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MD Jakob Friis Sorensen will relocate to Jakarta and start a new role as Senior Advisor – Growth Initiatives, Indonesia, also effective January 1st. Sunay Mukerjee will take over the role previously held by Girish Aggarwal and become the new Chief Operating Officer in Mumbai “Girish Aggarwal has led Gateway Terminals India Pvt. Ltd as COO since 2019, initiating GTI’s major berth and infrastructure improvement works. He and his team have consistently delivered to our […]

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Vrunda  Pangam appointed as Environment and Forests Minister for State Youth Parliament In order to bring forward various issues of the state through the youth, a state level youth organization was organized on 14th and 15th November 2022 at Raj Bhavan in Mumbai through Nehru Yuva Kendra and UNICEF A total of 72 young men and women from Maharashtra were selected. Among the candidates standing for the post of youth […]

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Zoo Media’s full-funnel creative and performance digital agency FoxyMoron has appointed Alin Choubey as Business Head – North. With his extensive experience in the digital marketing arena for over 8 years, Alin will be fortifying the agency’s North operations. In this role, Alin will be reporting to Prachi Bali, FoxyMoron’s National Head of Client Partnerships. Alin joins FoxyMoron from Chimp&z Inc Worldwide where he served as Associate Vice President. In […]

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Indian space-tech start-up Agnikul, with the support of IN-SPACe, has received Flight Termination System (FTS) packages from ISRO as part of its preparation for a fully controlled sub orbital mission from SHAR, Sriharikota. In the event which was held on Monday, Nov 7, attended by Director VSSC and corresponding teams from IN-SPACe, M/s Agnikul Cosmos and VSSC, the official handing over happened marking the culmination of multiple rounds of interactions […]

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APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India reported 59% rise in consolidated net profit at INR 720 million for Q2FY23 compared to INR 452 million in Q2FY22. Revenue from operations for the quarter under consideration stood at INR 2,273 million as against INR 1,947 million in the corresponding period of last year. EBITDA for the quarter was at INR 1,210 million compared to INR 1,090 million during the same quarter last year. EBIDTA margin stood […]

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Vigilance Awareness Week, 2022 was observed in POWERGRID, Northern Region-I from 31 Oct to 02 Nov,2022 at RHQ, Faridabad. During Valediction Ceremony, Sh. A.K. Mishra, ED (NR-I) expressed his views in the auditorium room of the Regional Headquarters, Faridabad, to the employees for “communication of standard values of ethics, transparency and ethics” as well as for eradication of corruption. Sh. Manoj Kumar, Sr.GM, Head of Vigilance Department, NRTS-I briefed the […]

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