Category: Business

Mumbai, August 23: Kingston Technology, a world leader of memory products and technology solutions, today announced a compelling promotional offer for all loyal customers to kickstart the beginning of the festive season in India with a bang. Aimed at encouraging consumers to upgrade their PCs at home during the ongoing pandemic for work from home, education from home or gaming, now consumers will get an assured gift from Kingston. With a purchase of Kingston NV1 NVMe SSD or any SSD 240 GB and above or Kingston HyperX DRAM 8GB and above, the customers will get three Kingston X CSD Facemasks absolutely free.

The offer will span four weeks, from August 3, 2021, to September 2, 2021. Kingston Technology plans to use social media and regular customer reminders, along with in-store communication, to inform the customer base about the exciting offer. The promotional offer will be available across 72 online and offline retail partners pan India.

Talking about their new promotional offer, Mr. Tejashwar Singh, India Sales Head, Kingston Technology, said, “At Kingston, we have always worked towards bringing more smiles to our customers, be it through our products or our offers. In these testing times, wearing a mask is a must while stepping out, hence our assured gift of

Kingston X CSD Facemasks is another way of us staying true to our credo of ‘KingstonIsWithYou’. The new promotional offer will surely encourage people to upgrade their PCs for exemplary work from home, education from home or high-performance gaming experience. We wish all our customers a great start to the festive season, and we will continue bringing more compelling products throughout this year for the best-in-class product experience.”

Kingston can be found on:

Facebook: https://www.facebook.com/KingstonIndia/

YouTube: http://www.youtube.com/user/KingstonAPAC

August 21: For decades, the ongoing debate between the guardians of the mother earth and users of earth’s resources has resulted in reaching an impasse. The growth trajectory demands almost exhaustive usage of earth’s resources while the caretakers of this earth, people who love this very earth, have been crying hoarse about saving the earth. This debate has given strong wings to the people who want the planet to be a better place. Now they are going all out to follow the principles of 3R. Reduce. Reuse. Recycle. One such brand is making rapid strides in following these 3 Rs – Solecraft.

The recent pandemic has made the world stop and notice what they have done to the earth’s available resources. It was a rude wake-up call for individuals when they had to work from home, which made them realize the hoarding of things they had done over the years. The founders Divya and Atul had perceived this issue a few years back, and hence, with the singular purpose of creating a need-based lifestyle, Solecraft was born. We receive from those who don’t need it, and we give it to those who need it. We receive old pieces of denim from people who do not need them anymore. We recycle, or as they say, upcycle, and create school kits like school bags, comfortable footwear, pencil cases, and other essentials, only for families who believe in educating their children but find it challenging given their circumstances and low income.

Every time an average person thinks about helping an underprivileged child, Solecraft has already brought a smile to his or her face. Purely in terms of numbers, Solecraft has helped over 30,000 such children by assisting in their educational journey since its inception in July 2019. While you are reading this, the number has jumped a few notches already, and that’s the commitment to the cause we believe in.

Solecraft is about creating a lifestyle where everyone focuses on bringing a smile to other people’s faces. To achieve that, we have gone that extra mile by integrating our operations backwards. We have roped in underprivileged ladies and women from the weaker economic sections of the society to convert these old pieces of denim into those magical looking school bags and other products. We attempt to find an unemployed workforce of women and give them a platform and a rightful opportunity to rise from extreme poverty and hunger to reach a life of dignity. We have reached out to Hindu minority women from Pakistan and have provided them with this opportunity to earn their living by working with Solecraft in creating these products.

Along with these products for school children, we have also introduced a unique range of 100% sustainable and eco-friendly bags made out of the upcycled canvas. We have a host of women who are independent designers and contribute to converting these bags into trendy designer bags that can be used for your everyday functions and yet not lose the flavour of owning a branded bags.

At Solecraft, the process of creating these bags is something worth remembering. A team of dedicated Solecraft members every day meet and talk to hundreds of people to encourage them to donate their old denim wears for this beautiful cause. Solecraft also runs donation drives at schools and colleges where students volunteer to bring their old and used pieces of denim. Collection boxes at Café, key societies of some of the prominent towns of the country where people leave their clothes. All the collected denim clothes are then washed with chemicals that are produced organically without causing any harm to the environment. Different kinds of pieces are then sorted out and sent to our production units, where the ladies convert these denim pieces into bags that make you look trendy and cool.

Following the teaching of our parents, we just work with our hearts; the head follows. When we wish to help someone, the entire universe conspires with us to help those beautiful souls. Solecraft is not a company for us but an emotion that talks about sustainable living and practices it in every single step. Solecraft is a mission for us. We can now ship our bags and other products to all parts of the country and abroad. All our products can be seen on our websites www.thesolecraft.com. We aim to touch the lives of every single soul we can and bring them to adapt to this lifestyle.

Bengaluru (Karnataka) [India], August 21: Utkarsh Small Finance Bank Limited inaugurated its very first branch in Karnataka. The residents of JP Nagar, Bengaluru now avail of the Bank’s products and services, including savings bank account, current account, fixed deposits and recurring deposits, amongst other facilities.  With this, the Bank has 587 branches in 193 districts in the country spread across 17 states and 2 Union Territories.

“It gives me immense pleasure to inaugurate a branch in Bengaluru, the first in the state of Karnataka. It is indeed a historic moment for the Bank. I wish them the very best in their endeavour to spread their footprint further in the Southern region. CDC has been a long term investor in Utkarsh Small Finance Bank nearly since its inception. Their commitment towards financial inclusion and supporting many micro-entrepreneurs in low-income states is commendable, and equally, their efforts towards seamless digitalization prove their ability to provide banking services across different clientele base,” said Mr. Srini Nagarajan, Managing Director and Head of Asia, CDC Plc

“The city has myriad factors that contribute to the growth of entrepreneurs, start-up ventures, technology giants, and homepreneurs. We are in a position to provide banking and financial services to each of these categories and more. While support to the businesses is a given, our products and services encompass the needs of the general public across strata,” said Mr. Govind Singh, MD & CEO, USFBL.

The Bank is in a position to provide an array of financial products and services to its customers, including savings and current accounts, fixed deposits and recurring deposits, and various loan products such as housing loans, business loans, and loans against property. With its branch infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service. Customers can access banking services through multiple channels, including banking outlets, ATMs, internet banking, mobile banking, tab banking and call centre. As the Bank expands into newer markets and geographies, it continues to widen its customer base. The Bank provides a facility to customers for opening a bank account without having to visit the branch through the tab-based application assisted model, “Digi On-Boarding”.

The launch is aligned with the Bank’s strategy to extend its reach to offer various financial services. It includes wholesale lending, micro banking loans (JLG loans), MSME loans, housing loans, loans against property, commercial vehicle loans, construction equipment loans and two-wheeler loans along with current and savings accounts, fixed and recurring deposits, insurance and investment products to its customers.

Paradeep (Orissa) [India], August 20: In an epoch-making development, heavy-lift mining equipment comprising Haulpak dumpers and excavators, exported abroad through Paradip Port.

It is for the first time in the history of the premier seaport of Odisha, and pertinent to note that it was handled by Orissa Stevedores Limited (OSL).

The exporting firm, Thriveni Earthmovers Private Limited, is exporting 128 numbers of heavy as well as small equipment comprising 37 Haulpak dumpers and excavators of about 4500 metric tonnes (MT) to Taboneo Port in Indonesia. The cargo is to be used for mining activities there.

TP Roy Choudhury Private Limited and Orissa Stevedores Limited (OSL) are stevedores and exporters handling agents, respectively.

Heavy equipment is being loaded very carefully, keeping the safety of the ship and port in mind.

Though due to the low-pressure loading is being affected, the exporters and ship are taking all precautionary measures while loading the cargo.

More such type of exports will be done in future, informed the sources.

Ahmedabad, August 19: India’s home interiors and renovation market is projected to be worth Rs. 1.5 – 2 lakh crore. The interior design industry is a skilled science that involves improving the interiors of space in order to create a healthier and more appealing environment. In India, the interior design industry is growing at a rapid pace considering an increased awareness and desire. “Post COVID-19, Interior Design market is shifting from the unorganised to organised segment.” – Said Mr. Taral Shah

Today, interior design entails planning, creating, and decorating interior spaces by architects, interior designers, tradespeople, and educators. The burgeoning Indian real estate industry, growing population, rising income levels, and urbanisation contribute to the expansion of interior design. Smart houses, the influence of social media, and changes in people’s living standards and lifestyles are all elements that contribute to an increase in demand for interior design services.

The developers of Shivalik are on a mission to create a legacy. They have built exquisite Residential & Commercial Spaces, created a dense network of channel partners, invested in technology and built based on feedback from users of various categories.

Shivalik is foraying into the interior designing and execution space with their showcase project “LOFY” – one-stop home interior solutions. The flagship experience centre in Ahmedabad is located at Shivalik Shilp II, Near Keshavbaug Party Plot, Satellite.

Lofy has specialised project managers that thoroughly examine everything and attends to all of the clients’ requests. One will have the opportunity to meet and speak with professional designers about one’s needs. Anyone can book the service with the signing amount, post which the project manager comes up with the best-suited design that matches one’s ambitions after hours of mind mapping, behavioural and psychographic study.

“Design and comfort are crucial for the success of a person’s life. While achieving these, many homeowners go through the often disorganised system and experience major pain points. Your space needs a good design that matches your lifestyle and personality. Lofy is going to uplift the aspirations and enhance the urban lifestyle of the city through its 3D visualisation, customised furniture, professional and transparent project handling, and timely delivery.” – Said Mr. Shah.

Alpharetta [Georgia], August 18: Cyble, an AI-powered, Y Combinator-backed, cyber threat intelligence company that empowers organizations with darkweb & cybercrime monitoring and mitigation services, today announced that Kaustubh Medhe, former Assistant Vice President – Information Risk Management & Cybersecurity at Reliance Industries Group, has taken over as the Head of Research and Intelligence at Cyble.

“We’re delighted to welcome Kaustubh to Cyble. As we scale new heights and embark upon newer trajectories of growth, Kaustubh’s expertise and skills will make a huge difference in further consolidating Cyble’s position as an undisputed darkweb and cybercrime monitoring and mitigation partner to our clients.”

In his new role as the Head of Research and Intelligence at Cyble, Kaustubh will be driving the research initiatives of Cyble and overseeing and operationalize the development of the company’s security research and client delivery initiatives. He will play a pivotal role in leading Cyble’s threat intelligence capabilities to foster the production of strategic and actionable threat research and accelerate the integration of Cyble’s services across the world.

Commenting on his appointment, Kaustubh said, “Having led cyber defense operations from the trenches of FORTUNE® 500 companies and one of India’s largest conglomerates with diversified businesses into the Oil and Gas, Telecom, E-commerce, and Manufacturing sectors, I am convinced that it is no longer sufficient to rely only on traditional preventive and detective controls to secure an organization. Cyber defenders need to incorporate cyber intelligence as part of their cyber defense strategy to proactively discover and preempt impending cyberattacks before they can cause damage. I am excited to join the talented team at Cyble to help clients improve their visibility, situational awareness, and cyber resilience using Cyble’s proven AI-powered darkweb intelligence platform and deep research-led services,” says Kaustubh.

A cybersecurity and risk management professional with diverse experience in consulting, practice management, and cybersecurity operations, Kaustubh brings over 20 years of rich experience. Before joining Cyble, Kaustubh gained extensive experience in successfully managing security service programs and engagements for several clients in the Insurance and Banking sector in India, the Middle East, and APAC. “Today’s knowledge economy necessitates that organizations distinguish themselves in the industry based on the passion and experience of the individuals they hire,” says Mandar Patil, VP – International Market and Customer Success at Cyble. “We are delighted to have Kaustubh join us at Cyble to boost the success of our clients. His expertise as a cyber risk professional and over 20 years of experience in the cybersecurity sector will further accelerate the endeavors of our Research and Delivery teams and lead Cyble further into the future,” he added.

Manish Chachada, Co-founder and COO of Cyble, says, “We’re delighted to welcome Kaustubh to Cyble. As we scale new heights and embark upon newer trajectories of growth, Kaustubh’s expertise and skills will make a huge difference in further consolidating Cyble’s position as an undisputed darkweb and cybercrime monitoring and mitigation partner to our clients.”

“The addition of Kaustubh to the team at Cyble is strategic in terms of extending the company’s sustained growth in a constantly evolving threat landscape. He brings a wealth of experience and an impeccable track record in delivering strategic research to key clients. We are confident that with Kaustubh on board, Cyble will strengthen its client base across the world.” says Beenu Arora, CEO and Co-founder of Cyble.

Cyble is a global threat intelligence SaaS provider that helps enterprises protect themselves from cybercrimes and exposure in the Darkweb. Its prime focus is to provide organizations with real-time visibility to their digital risk footprint. Backed by Y Combinator as part of the 2021 winter cohort, Cyble has also been recognized by Forbes as one of the top 20 Best Cybersecurity Start-ups To Watch In 2020. Headquartered in Alpharetta, Georgia, and with offices in Australia, Singapore, and India, Cyble has a global presence. To learn more about Cyble, visit www.cyble.com.

Mumbai, August 17: Agarwal Industrial Corporation Limited (BSE: 531921 |NSE: AGARIND ), one of India’s largest integrated players in Bitumen, continued its growth trajectory closing the first quarter of F.Y. 2021-22 with triple-digit growth in both top and bottom line.

The Consolidated Revenue of the Company grew 177% (YoY) to Rs. 407.94 Crore. The company, along with its subsidiaries, continued to maintain its track record of consistent growth performance. The consolidated profit after tax grew 277% YoY to Rs. 15.07Crore. The company has built a credible track record in building scale and delivering high growth consistently. PAT margin of the company stood at 3.68% as compared to 2.7% in the last quarter.  The Board of the Company has declared a final dividend of INR 1.80, subject to the approval of shareholders.

	Highlights of the Quarter Ended June 30, 2021
	(Consolidated)		(Standalone)
	Amt. (Rs. in Crore)	% Growth (YoY)	Amt. (Rs. in Crore)	% Growth (YoY)
Total Revenue	409.23	176.69%	366.94	170.96%
EBITDA	25.51	181.57%	16.20	181.40%
EBITDA Margin	6.23%	–	4.42%	–
PAT	15.07	276.99%	7.18	498.36%
PAT Margin	3.68%	–	1.96%	–
EPS (Not Annualized) (in Rs.)	12.84	229.23%	6.12	423.08%

Commenting on the successful results:

Mr. Lalit Agarwal, Whole Time Director, Agarwal Industrial Corporation Limited, said, “AICL is consistently pursuing its goal of accelerated high-value growth. In the first quarter, once again, we delivered – with strong and profitable growth in all businesses. The strong performance of our company was demonstrated in the first quarter by triple-digit revenue growth and increased profitability. With a strong liquidity position, a demonstrated ability to deliver execution and profitability, we are confident of weathering the crisis as well as to capture opportunities in a resilient non-recession market of Bitumen.”

Mr. Jaiprakash Agarwal, Managing Director, Agarwal Industrial Corporation Limited, said:  “Q1FY22 marks yet another robust quarter with strong progress driven by petrochemical business. This quarter led to the successful acquisition of Agarwal Translink Private Limited, which is believed to be a definitive step toward strengthening financials and unlocking of higher value and greater opportunities in the logistics segment. Our endeavor to strengthen our balance sheet and improve business visibility and stability continues – which will be forming the basis for growth going forward.”

Nashik, August 18: Elara India Opportunities Fund Ltd. has picked up a stake in BSE & NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate developer. As per bulk deal data available on BSE, Elara India Opportunities Fund has picked up 961340 shares at Rs. 21.50 on August 17, 2021.

Recently the company had announced excellent results for the quarter ended June 30, 2021. Total income rose from Rs. 1776.95 lakhs (Q1FY21) to Rs. 2028.76 (Q1FY22), a Y-O-Y increase of ~14%. The profit after tax (PAT) saw massive growth, from Rs. 174.46 Lakhs (Q1FY21) to Rs. 614.24 (Q1FY22), an increase of 252%.

The company’s business activity falls within two business segments – Development of Real Estate Properties and Civil Contracting Business.

Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established its brand name as “Hari” for its entire project. The company has received an Award for the “Iconic Budget Home” by Times Realty Icons Award 2019, Navi Mumbai & Thane. The company also received an Award for the “The Most Preferred Real Estate Company” of Nashik at the event “My Maharashtra Awards-2019”.

The company has a strong project pipeline of Rs 1,185 crore, of which 70% of the project will go live by 2025. The company has diversified revenue streams – civil contracts, joint development, government and private contract. Karda construction has 7 lakh square feet of land reserves with access to prime locations across Nashik district and other territories.

Kochi, Aug 13: Linen Trail, a slow fashion label based in Kochi, creates timeless 100% pure linen clothing for the mindful individual. Made from 100 per cent natural sources, garments produced by them support the traditional craftsmen like the hand block printers to the women of the Toda tribe for their embroidery, based out of the Nilgiris. Director of Linen Trail, A 100% Pure linen apparel brand hand-crafted for Men & Women. Anirudh Kollara talked to us. Here are a few excerpts:

Linen Trail wants to be a sustainable (slow) fashion label in the following ways: Why did you choose Linen, and what is the viability you see in the fabric?

Linen is the oldest fabric known to man. It is currently still more popular in the Ready-to-stitch segment; this trend had continued into the 21st century even with the popularisation of Ready-to-wear in the Garment Market. It is primarily because Linen has a high shrinkage percentage (The garment would shrink after the first wash). Linen Trail was conceptualised to bridge the gap in the market for 100% pure Linen Ready-to-wear apparel for Men and Women. Positioned as Linen specialists, we strive to get the perfect fit, finish and fall for all of our pure linen pieces through the linius process to ensure zero shrinkage for the product.

According to you, how has the market for Linen been, and what are the trends you are picking?

Linen’s intrinsic value in the market is more expensive than its natural counterparts like Cotton, hemp or Jute. The Indian market has a strong affinity towards luxury goods, which has helped Linen Trail grow its base of customers. Over the past year, we have seen a 15X growth through our website LinenTrail.com. The change in consumer behaviour (the shift to online shopping) post-COVID is a primary reason for the spike of growth in the category coupled with the affinity for premium/luxury goods and sustainability in the Indian market.

Consumers choose linen apparel; why? What sets this fabric as an industry trendsetter in recent years?

Linen garments were regarded as an expensive buy, but the mood has changed over the years. Linen apparel is a natural and more sustainable choice than Cotton. Linen garments can make a subtle statement of class; it doesn’t even require a logo; the customer knows its value, appealing to the growing affinity towards Luxury goods in India. Linen is also naturally breathable, adaptable, and anti-bacterial.

Retailing linen garments: The future that you are eyeing?

The future is all about sustainability, and Linen is a sustainable choice as its production is a natural process that requires less water. The need for sustainability is now more than ever. We have successfully created a business model for Linen ready-to-wear online based on real demand, which has helped focus on what the customer wants while having an inventory turnaround ratio of about 6. It has helped fuel the growth for the past year, even with the pandemic affecting our retail outlets. Retail for Linen will pick up, but online is where the real growth is for the category.

SAB UAE Team

Dubai, Aug 16: Start Any Business helps and ensures its clients, in India and the UAE (United Arab Emirates), get the most efficient and professional business setup services. With the sole mission to help them meet all their managerial needs as per the UAE standards of business.

Most trade entrepreneurs look forward to setting up their business in Dubai mainly because UAE offers 100 percent overseas ownership, efficient work environment, tons of tax savings, provide the world’s best infrastructure, refined lifestyle, and developing businesses.

But most trade entrepreneurs are demotivated by some stringent factors such as facing difficulties with the formalities of the UAE Government department or the lack of understanding and knowledge of the systems there. However, Start Any Business is a great platform that aims to help their clients to start a business in Dubai.

Start Any Business (SAB) are pioneer business setup consultants in Dubai with active operations. The successful business firm has its Head Office in Dubai UAE and another office in India. Vandana Joshi and Inder Singh, the founders of the company SAB. The business was founded by the married couple Vandana and Inder back in 2019.

With the special team of their United Arab Emirates business set up consultants, professional executives, company formation experts, and lawyers, they aim to help their clients take the best advantage of their expertise. Their 100% transparent business services make them one of the unique private companies in Dubai. Their credible work has also got them covered by the Gulf News, one of the most popular news agencies in the UAE.

The young and passionate entrepreneurs Inder and Vandana met during their post-graduation days. Both the founders were completing their MBA degrees back then. They further share, “It was one long summer evening when we came up with the idea for Start Any Business. We randomly began discussing the difficulty people might face if they wanted to start a business in Dubai.”

So, the leading UAE company founders set up their elite consultancy firm in Dubai. “We wanted our company to be so transparent that young entrepreneurs could enter UAE with ease”, the power couple shares. Before finally launching their business, they underwent few pilot tests and researched for over three months.

Their unique business model for company formation in UAE has received a great response from their clients as well as fierce response from many of their competitors. Firstly, they collect information about business and their competition. Secondly, they determine the level of business to register them accordingly. Thirdly, they rent office space in Dubai and also do a press release for them. Fourthly, they create a team of qualified professionals for the business’ success.

The company shares all the original bills from the government for their client’s company formation in UAE. The best part is the fact that they don’t charge any service charges for company setup in UAE Freezone.

Their company formation services like easy company formation procedures, business setup in different UAE locations, company licensing, company registration in Dubai, UAE company sponsorship, UAE local sponsorship, Investor’s Right Protection contract, government approvals, certifications, business centres for rent, furnished offices for rent, guidance on commercial law and updates, professional services, document clearance, and commercial banking facilities greatly help in easing the burden of their clients and conveniently set up their business in the UAE.