Tag: Business

New Delhi (India), August 1: The manufacturing sector in India is emerging as a cornerstone of economic growth, bolstered by the government’s Make in India and Atmanirbhar Bharat initiatives. These efforts promise substantial benefits for investors, highlighting the sector’s growing importance and potential. This sector’s growth potential is closely tied to its ability to inspire confidence among consumers and investors alike, with a strong customer-first approach driving its success.

Recent developments highlight a strong trend in the manufacturing sector, marked by significant investor confidence. A newly launched manufacturing fund by a Mutual Funds company has seen remarkable success, attracting substantial investments. This success reflects the robust potential of the sector and the trust it garners from investors, making it an appealing option for long-term wealth creation.

In response to growing confidence and rising demand among customers, PNB MetLife has introduced its new fund – the PNB MetLife Bharat Manufacturing Fund. This fund provides an opportunity for customers to participate in the growth of the manufacturing sector and create long-term wealth. It is an actively managed equity fund that allows the fund manager to leverage their experience and analyse macro-level trends to outperform a benchmark or index returns.

The fund is available through PNB MetLife Unit Linked Insurance Plans (ULIPs) that offers triple benefits:

• Life cover to secure your family’s future and big dreams
• Long-term wealth creation opportunity
• Tax-free returns

PNB MetLife is known for high investment repute and strong performance, exemplified by the performance of PNB MetLife equity funds which have consistently beaten the benchmark returns in the past. 99% of their equity funds are rated 4 or 5 star by Morning Star, a reputed global rating agency.

India’s manufacturing sector holds strong potential which can be seen from the impressive growth of the NIFTY India Manufacturing Index, delivering returns of 25.31% compared to the NIFTY 50’s 15.29% over the past five years (as of 30th June). Even the recent budget allocations have further supported growth, with investments in infrastructure, ease of doing business, and policy reforms driving expansion.

Manufacturing Sector is an enabler for India’s $30 trillion economy

Economic Growth Driver: As per a conservative estimate, the Finance Minister stated that India will be at least a $30 trillion economy by 2047. India’s manufacturing sector holds significant potential for growth, with projections indicating an 18-fold increase over the next 24 years. Despite the sector’s current contribution of approximately 13% to India’s GDP in 2022, it remains underdeveloped compared to other Asian economies. For instance, manufacturing accounts for 18.67% of Indonesia’s GDP and 23.88% of Vietnam’s GDP. This disparity underscores the opportunity for substantial expansion in India’s manufacturing sector, which could significantly enhance its contribution to the country’s GDP and overall economic growth.

Sector-Specific Growth: McKinsey projects that eleven key sectors could contribute to an incremental ~80% increase in gross value added, including chemicals, basic materials, capital goods, automotive, and pharmaceuticals. These sectors make up about 90% of the Nifty Manufacturing Index, underscoring their importance in driving industrial growth. Additionally, a report from another leading global management consulting firm -Bain estimates that India’s exports could reach a trillion dollars by 2028, reflecting the sector’s high growth potential.

Economic Stability and Labor Advantage: India’s macroeconomic stability, coupled with a large pool of skilled and semi-skilled labour, positions it uniquely among developing economies. The country’s significant domestic consumption base offers a captive market for producers.

Infrastructure Development: The government is committed to maintaining strong fiscal support for infrastructure development over the next five years, with an allocation of approximately ₹11 lakh crore. This investment aims to enhance infrastructure, including roads, railways, and airways, which are crucial for supporting the manufacturing sector. Notable achievements such as the expansion of the National Highway network, extensive electrification of railways, and the increase in operational airports are key drivers of this growth.

Import Substitution and Global Realignments: Government Initiatives like the Production Linked Incentive (PLI) schemes aim to increase domestic value addition and reduce dependence on imports. The shift in global supply chains, including the notable example of Apple’s increased production in India, highlights India’s growing role in global manufacturing.

Budget Boost to Manufacturing:

The recent budget has further invigorated the manufacturing sector through initiatives such as the Credit Guarantee Scheme for MSMEs, which improves access to finance, and mandatory onboarding in TReDS. The establishment of twelve new industrial parks, rental housing for industrial workers, and the Critical Minerals Mission will also drive growth. Strengthening tribunals to expedite insolvency resolution will enhance the business environment and competitiveness.

Investment Opportunity

PNB MetLife’s Bharat Manufacturing Fund is positioned to capitalize on these growth drivers and is one of the best NFOs to invest in 2024. Available through PNB MetLife’s ULIP plans like PNB MetLife Goal Ensuring Multiplier, PNB MetLife Wealth Plan and PNB MetLife Platinum Plus, it encourages disciplined savings and long-term wealth creation. Investors can participate in India’s vision of a ‘Viksit Bharat’ (Developed India) by 2047. The fund is available at a special ₹10 NAV from 1st to 15th August 2024, aligning with India’s growth story and aspirations.

In conclusion, India’s manufacturing sector presents a compelling investment opportunity, supported by robust economic fundamentals, policy support, and significant growth potential. The Bharat Manufacturing Fund offers a unique chance for investors to benefit from this promising landscape, ensuring long-term wealth creation and financial security.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Visakhapatnam (Andhra Pradesh) [India] August 1 : As we observe Lung Cancer Day, it’s crucial to highlight the significant strides made in the management of this challenging disease. Dr. B. Ravi Shankar, MD (CMC Vellore), DNB (RT), MRCP, ECMO (Med. Onc.), FESTRO (Rad Onc), PDCR, OCTT, MBA, Managing Director of Omega Hospitals, provides a comprehensive overview of the current strategies and innovations in lung cancer management.

Diagnosis and Staging

The journey to effective lung cancer treatment begins with precise diagnosis and staging. This process is fundamental to tailoring the most appropriate therapeutic approach:

Imaging Studies: Advanced imaging techniques such as CT scans, PET scans, and MRIs are essential for visualizing tumors and assessing their spread within the body.

Biopsy: To confirm the diagnosis and determine the cancer type, tissue samples are obtained through methods like bronchoscopy, needle biopsy, or surgical procedures.

Molecular Testing: Analyzing the tumor’s genetic and molecular profile is crucial. This includes identifying specific mutations and biomarkers that can guide treatment decisions.

Treatment Approaches

Lung cancer is primarily categorized into two types: Non-Small Cell Lung Cancer (NSCLC) and Small Cell Lung Cancer (SCLC), each requiring tailored treatment strategies.

Non-Small Cell Lung Cancer (NSCLC)

Early Stage (I and II):

Surgery: Surgical resection remains the cornerstone of treatment, with options including lobectomy, pneumonectomy, or wedge resection.

Radiation Therapy: For patients unable to undergo surgery or as adjuvant therapy following surgery, radiation therapy plays a crucial role.

Locally Advanced (Stage III):

Chemoradiotherapy: A combination of chemotherapy and radiation therapy is employed to shrink the tumor and eradicate cancer cells.

Surgery: In cases where the tumor responds well to initial therapies, surgery may be considered.

Advanced or Metastatic (Stage IV):

Targeted Therapy: Targeted treatments are available for tumors with specific genetic mutations (e.g., EGFR, ALK, ROS1).

Immunotherapy: Checkpoint inhibitors, such as pembrolizumab and nivolumab, are used for tumors with high PD-L1 expression or other relevant biomarkers.

Chemotherapy: Systemic treatment options include drugs like cisplatin, carboplatin, paclitaxel, and docetaxel.

Small Cell Lung Cancer (SCLC)

Limited Stage:

Chemotherapy and Radiation Therapy: This stage is typically treated with a combination of chemotherapy and radiation, sometimes followed by prophylactic cranial irradiation to prevent brain metastases.

Extensive Stage:

Chemotherapy: Systemic chemotherapy regimens, such as etoposide combined with cisplatin or carboplatin, are the mainstay of treatment.

Immunotherapy: Emerging therapies offer new hope for patients with extensive-stage disease.

Recent Advances and Future Directions

Recent advances in lung cancer management reflect a paradigm shift towards more personalized treatment. Innovations include:

Next-Generation Sequencing (NGS): This technology provides a detailed genetic profile of tumors, allowing for the identification of specific mutations, gene rearrangements, and other molecular characteristics that inform treatment strategies.

Liquid Biopsies: Non-invasive tests that analyze circulating tumor DNA (ctDNA) offer insights into tumor genetics and enable monitoring of disease progression or response to therapy without the need for traditional tissue biopsies.

Personalized Medicine: The focus on personalized treatment means therapies are increasingly tailored to individual patient characteristics, enhancing efficacy, minimizing side effects, and improving overall treatment outcomes.

The integration of immunotherapy and targeted therapy has transformed the landscape of lung cancer treatment, shifting it from a historically fatal diagnosis to one with promising new options. These advancements have not only improved survival rates but also enhanced the quality of life for many patients.

As we move forward, continued research and innovation will be pivotal in further advancing the management of lung cancer, offering hope and improved outcomes for patients worldwide.

For more information on lung cancer management and the latest advancements, Dr. B. Ravi Shankar and the team at Omega Hospitals are at the forefront of providing cutting-edge care and personalized treatment options.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Hyderabad (Telangana) [India] August 1 : Globally Lung cancer is on the rise. It is the most common cancer all over the world and also the most common cause of death among cancer patients. A paradigm shift of increase in cases among women is being noticed in urban areas. The majority of cases are diagnosed at an advanced stage, leading to poor prognosis and limited treatment options.

According to the latest data from Globocon, lung cancer is the second most common cancer among men in India and the fourth most common among women. It is estimated that there are around 70,000 new cases of lung cancer diagnosed in India each year. The incidence of lung cancer is higher in urban areas compared to rural areas, and smoking is the leading cause of lung cancer in India. Recent years have seen this cancer increase among non-smokers especially among females. The survival rate for lung cancer in India is relatively low, with only about 10-15% of patients surviving for five years or more after diagnosis.

The warning signs of lung cancer are persistent cough, blood in cough sputum, breathlessness, chest pain on deep breathing or unexplained weight loss.

Early detection and prompt treatment are crucial for improving outcomes in patients with lung cancer. Imaging tests such as chest X-rays, CT scans, PET scans, and MRI scans are commonly used to detect lung cancer and determine the extent of the disease. A biopsy is the definitive way to diagnose lung cancer. During a biopsy, a sample of tissue is taken from the lung and examined under a microscope to look for cancer cells. In some cases, a sample of sputum (mucus coughed up from the lungs) may be examined under a microscope to look for cancer cells.

Recent advancements in its treatment and management have significantly improved outcomes. Liquid biopsy is a non-invasive diagnostic tool that involves analyzing circulating tumor cells, cell-free DNA, and other biomarkers in the blood to detect and monitor lung cancer and guide treatment decisions. The management of lung cancer has progressed considerably, with the 5-year survival rate for advanced cases increasing from 5% in the early 2000s to around 20-25%. This improvement is largely attributed to the optimized utilization of resources. Moving away from the outdated approach of a generalized treatment model and palliative chemotherapy, significant strides have been made in the field. New treatments, such as immunotherapy and targeted therapy tailored to specific driver mutations causing the cancer, have emerged. For newly diagnosed cases, genomic testing through next-generation sequencing is recommended to identify mutations and initiate treatment accordingly. Advances in surgical techniques, such as video-assisted thoracoscopic surgery (VATS) and robotic-assisted surgery, have made lung cancer surgery less invasive and more precise.

Targeted therapies have transformed the landscape of lung cancer treatment by focusing on specific genetic alterations in cancer cells, improving efficacy and reducing side effects. Combining different treatment modalities, such as chemotherapy, targeted therapy, immunotherapy, and radiation therapy, has shown promise in improving treatment outcomes for lung cancer patients.

Dr. Bharat Ashok Vaswani, MD (General Medicine), DM (Medical Oncology), MRCP-UK (Medical Oncologist), ECMO, PDCR, Senior Medical Oncologist & Hematologist – Yashoda Hospital, Secunderabad

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi (India), August 1: In 2024, the business landscape is witnessing a remarkable wave of innovation, driven by visionary founders who are reshaping industries and setting new standards. These top 10 founders are not just creating companies but redefining the very fabric of their sectors. Their bold ideas, relentless drive, and commitment to solving pressing global challenges are propelling them to the forefront of their fields. In this article, we spotlight these trailblazers whose ingenuity and leadership are driving change and inspiring the next generation of entrepreneurs.

1. Shipra Dawar: Founder of Iwill  and GITA

Shipra Dawar, an influential force in the Digital Health, Sustainability and AI domain, champions technology for societal benefit. Founder of GITA, which has innovated Generative AI models including the World’s first controlled GenerativeAI Therapy Platform, Raksha for Reproductive health, Psybot – a technology being developed for children, teens and adolescent mental health, and is also working on a Sustainability model. She also earlier founded IWill Therapy, one of the premium digital therapy providers in India, focussed on outcomes and empathic help. Her venture is awarded by the Commonwealth Digital Health Awards, partners with governments, supported by Microsoft AI4A and UNICEF. Shipra Dawar’s innovative Generative AI idea for reducing household electricity ranked Top 6 in the Global Life initiative. Developing AI systems for Non-Communicable Diseases aligns with G20’s digital transformation agenda, enhancing healthcare accessibility and efficiency globally. Shipra embodies the synergy of tech, entrepreneurship, and societal welfare, earning distinctions like BW Wellbeing 40 under 40 and Global Hi-Flyers 50. Shipra also recently co-founded a policy think tank called BBVForum to contribute to the policy landscape focussed on transformative technologies and initiatives to help in the vision of putting India at the top globally.

2. Amit Das: Founder & CEO of Electric One

Amit Das is a seasoned Indian entrepreneur with 16 years of experience in SAAS products, startups, and international business. As the Founder & CEO of Electric One, he has significantly advanced the EV sector in India. Amit’s global business experience spans Germany, Japan, and the Middle East, equipping him with valuable insights to enhance the EV industry. He has received several accolades, including the Climate Change Makers Award (2022) and recognition as a top 10 EV startup leader. Previously, he co-founded INTOUC101 and held roles at BRICS and Monster. Amit has a strong background in recruitment and sales, characterized by his leadership, target-driven approach, and ability to build lasting client relationships. One of his significant initiatives at Electric One is the Skill Next Program, which provides real-time training in modern EV technology to engineering and technical students across India. Amit’s relentless drive and innovative vision are propelling Electric One to new heights in the industry.

3. Arshad Siddiqui: Co-Founder of Creando

Creando aims to become a national aggregator in FMCG distribution, offering omni-channel solutions with trained sales teams and technology. FMCG companies face challenges like sales force turnover and distributor churn, prompting a shift towards more efficient distribution models. Creando’s focus on partnering with regional and national players can potentially streamline distribution networks. We are the only one who has extensive coverage in paan and plan plus outlets, enhancing reach in the impulse category. This strategic approach aligns with the evolving distribution landscape, emphasizing the importance of in-store customer experience. Collaborating with Creando could help address your distribution pain points and optimize your distribution network effectively. Arshad Siddiqui- Co-founder of Creando “Our key differentiator has been our coverage in paan and plan plus outlets, which is the large retail universe. This channel will help us to increase coverage in “impulse category” which is one of the largest FMCG segments”.

4. Ashir P.N.P.: Founder of Expedite Automation LLP 

Under Ashir P.N.P’s leadership, Expedite is revolutionizing home elevators with its compact home lift. Addressing space constraints and installation complexities, Expedite’s lifts boast a minimalistic footprint, making them ideal for urban homes. Advanced features such as energy-efficient motors, quiet operation, and customizable designs enhance functionality and aesthetics. The lifts are designed for seamless retrofitting, reducing the need for extensive renovations. Expedite’s focus on smart technology and sustainable practices ensures a superior user experience. Coupled with comprehensive after-sales support, Ashir’s leadership is driving Expedite to set new standards in the home elevator industry, making vertical transportation more accessible and efficient.

5. Dr. Crystal A. Variava: Founder of True and Trusted Solutions LLP

As the founder of True & Trusted: Leadership in Healthcare, India’s first clinical communication performance company, she is driven by a mission to transform healthcare communications between patients and providers. Recognizing the critical role of effective communication in patient outcomes, she saw an urgent need for innovation in the industry. True & Trusted was established to empower providers with evidence-based, practical communication strategies to bridge the gap between clinical excellence and patient engagement. They believe healthcare communications should be patient-centred, purposeful, and profitable. Dr. Variava states, “In today’s complex healthcare landscape, providers face increasing pressures. By integrating strategic communication techniques into everyday practice, we foster trust, transparency, and collaboration to influence our patients to the betterment of health. Our innovative methodologies address the unique challenges of the evolving patient-provider relationship, ensuring that both providers and patients benefit from strategic, deliberate, and intentional communications.” True & Trusted is committed to leading this essential transformation in healthcare communication.

6. Dr. C M Parameshwara: Pioneering Gastroenterology with a Mission to Combat Colorectal Cancer

Dr. C M Parameshwara, the visionary founder and CEO of Smiles Institute of Gastroenterology, has been making significant strides in the medical field. Located in Bangalore, this single-specialty hospital is dedicated to transforming the landscape of gastroenterology in India. With a steadfast mission to reduce colorectal cancer cases through early diagnosis and timely treatment, Dr. Parameshwara has positioned Smiles Institute as a beacon of hope for countless patients. Under his astute leadership, Smiles has emerged as one of the fastest-growing single-specialty hospitals in the country, attracting patients from all 28 states of India and over 40 countries worldwide. Smiles Institute of Gastroenterology has earned a reputation as a sanctuary for those suffering from complex conditions like fistula. The hospital’s cutting-edge facilities and comprehensive care approach have cemented its status as a leader in gastroenterological treatment. The clinical outcomes at Smiles are out of this world, ensuring that patients receive the best possible care. Furthermore, the patient experience is top-notch, creating an environment that feels nothing like a traditional hospital. Dr. C M Parameshwara’s dedication and innovative approach have not only advanced the field but also instilled hope in patients struggling with gastrointestinal issues. His relentless pursuit of excellence continues to inspire and transform lives, making Smiles Institute of Gastroenterology a cornerstone of specialized medical care.

7. Gunjan Indrayan: Founder of Tripoetic Travel Planners LLP

Gunjan Indrayan, co-founder of Tripoetic, has revolutionized luxury travel planning with his unique approach to crafting highly customized international vacations. As a first-generation entrepreneur, Gunjan transitioned from a telecom career in the US to establish Tripoetic in India, despite having no prior background in the travel industry. Inspired by the belief that “It’s the possibility of having a dream come true that makes life interesting,” he aimed to move beyond the generic offerings of traditional travel companies. Tripoetic’s philosophy emphasizes indulging travellers’ curiosity and personalizing each trip according to their tastes and interests. The company stands out by providing a high-touch, human-centred service, bridging the gap left by often impersonal customer service in the travel sector. Clients appreciate the dedicated, expert advice that ensures a seamless and bespoke travel experience, preferring genuine interaction over AI-generated solutions. By focusing on a select clientele and avoiding mass-market approaches, Tripoetic maintains exceptional standards of exclusivity and attention to detail, setting a new benchmark in luxury travel.

8. Seema Bhatnagar: Founder & CEO of Futopia Global Pvt. Ltd.

Ms. Seema Bhatnagar, the visionary Founder and CEO of Futopia Global Pvt. Ltd., is a prominent figure reshaping the tech industry in 2024. With over 27 years of experience and a master’s in business management, she has made a significant impact through key roles at Fortune 500 companies like Sony, Philips Digital Signage, and TPV Technology Ltd. Her strategic expertise spans Channel Sales, Enterprise Sales, Retail Operations, Marketing, Business Operations, and Product Management.

Notably, Ms. Bhatnagar’s entrepreneurial journey includes introducing laptops under the “Make in India” initiative, which garnered recognition from Forbes and URS Asia One. As an ICT Women Leader of the Year, she has been celebrated for her transformative leadership. At Futopia, she leads with a commitment to innovation and ethical practices, focusing on local initiatives and technological advancements. Her leadership is driving the company to new heights, setting a standard for excellence in the tech sector.

9. Vaibhav Kulshrestha: Founder and CEO of My Mudra Fincorp Ltd.

Vaibhav Kulshrestha’s journey from hardship to success is a true example of resilience and determination. After losing his mother at the age of 5, Vaibhav faced many challenges. He moved to Delhi, worked at a networking company, and continued his education. Even when he faced financial struggles and hunger, he never gave up on his dreams. With encouragement from his wife Vaibhav entered the world of fintech and eventually founded MY MUDRA FINCORP LTD. Starting from nothing, Vaibhav built a financial company that now serves all of India, providing honest loan services. His company, My Mudra Fincorp Ltd, employs thousands of people, mostly 90% women, showing his commitment to helping others. Vaibhav’s journey, marked by hard work and smart planning, proves that “tough times never last, but tough people do.” Today, he is a humble leader, dedicated to the growth and success of his employees.

10. Vikram Singh Parmar: Founder and CEO of Sushain

Vikram Singh Parmar, founder and CEO of Sushain, envisions harnessing AI and technology to bring the ancient wisdom of Ayurveda and Homeopathy to a global audience. Sushain is dedicated to developing a tech-enabled ecosystem that enables people to experience and benefit from the complementary and supplementary abilities of AYUSH, with a vision of wholeness. Today, Sushain is the largest platform for AYUSH healthcare, with over 1,000 verified Ayurvedic and Homeopathy doctors and more than 5,000 herbal products. “Sushain aims to integrate Ayurveda and Homeopathy with modern medication, combining the speed of modern medicines with the reliability and root-cause effectiveness of AYUSH treatments. We are creating data tables and evidence on the combined application of modern and AYUSH medications,” said Dr. Rajesh Singh, Medical Director at Sushain. For more information, visit Sushain’s website.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi (India) July 31 : WTF, a full-stack, technology-driven platform that modernizes neighborhood gyms, is thrilled to announce the successful closing of its seed funding round, led by Dravya Dholakia of Dholakia Ventures. This round also saw participation from a stellar lineup of investors including Arjun Vaidya, Nitish Mittersain of Nazara Technologies, Shashvat Nakrani, founder of BharatPe, Rohit Kapoor, CEO of Swiggy, and others.

WTF is dedicated to transforming traditional, struggling brick-and-mortar gyms into thriving fitness hubs by providing a comprehensive, 360 degree experience for consumers at affordable prices. Members benefit from gym access, personalized nutrition plans, workout classes, and advanced fitness tracking, all meticulously managed by WTF to ensure consistent, high-quality service. This holistic approach has proven to boost gym revenues by 8X to 10X within 12 months. With a robust management system powered by advanced algorithms and machine learning, WTF guarantees an unparalleled fitness experience that adapts to individual needs and preferences.

Currently managing 10 gyms, WTF’s focus on member retention and engagement has led to substantial growth and expansion. In the past two months, profitability has surged, with projected monthly recurring revenues (MRR) reaching significant levels. The company has introduced 24 new features to optimize processes, enhance virtual control, and significantly improve member experiences. This includes advanced workout and scheduling systems, as well as a comprehensive nutrition system, opening new revenue streams such as selling nutrition plans and supplements.

In the WTF ecosystem, members gain access to a comprehensive suite of fitness services that go beyond traditional gym offerings. This includes holistic wellness solutions such as personalized nutrition plans, detailed diet consultations, fitness assessments, and continuous progress tracking. Members also benefit from cutting-edge technologies, including WTF’s advanced AI bot powered by Nvidia technology, which offers real-time support and guidance.

Additionally, our ecosystem features home workout programs enhanced with augmented reality, providing an immersive fitness experience.

Growth Plan

WTF aims to expand its footprint from 10 gyms to 50 gyms within the next 12 months. This ambitious growth plan will involve:

• Expansion in Delhi and Capital Region: Consolidating and expanding our footprint, acquiring additional properties to operate under the WTF brand and capture a larger market share.

• Presence in Bangalore: Establishing a presence in Bangalore, one of India’s fastest-growing fitness markets, setting the stage for further expansion in the south.

• Technological Upgrades: Upgrading our technological infrastructure, enhancing platforms that manage gym operations and member services to remain cutting-edge and highly competitive.

• Gym Upgrades: Upgrading new gyms to meet WTF standards, including physical renovations and technology integration to enhance member experiences.

• Marketing Campaigns: Launching intensive marketing efforts, particularly in areas with lower brand penetration, focusing on digital marketing to drive membership growth effectively.

• Operational Excellence: Investing in enhancing our supply chain, customer service, and backend operations, along with intensified training programs for gym staff to deliver consistent and high-quality service.

• Research and Development: Continuously innovating our fitness offerings, developing new workout programs, and leveraging data analytics to tailor services to member preferences.

Vision for the Future

With the support of our esteemed investors, WTF is poised for significant growth. By focusing our efforts on these key areas, WTF will significantly increase its monthly recurring revenue and strengthen its market position in Delhi, the Capital Region, and Bangalore. This focused approach ensures that we maximize the impact of our investments and drive sustainable growth.

“We are thrilled to have the support of such a distinguished group of investors,” said Vishal Nigam, Founder and CEO of WTF. “This funding will allow us to expand our footprint, enhance our technological capabilities, and continue to provide unparalleled service to our members. We are excited about the future and the opportunity to revolutionize the fitness industry.”

For more information, please visit www.wtfgyms.com or contact 9090639005

About WTF

WTF is a pioneering fitness brand in India that transforms neighborhood gyms into modern fitness hubs through technology-driven solutions. Leveraging advanced technology, machine learning, and artificial intelligence, WTF provides a comprehensive fitness experience that includes gym access, personalized nutrition plans, workout classes, and advanced fitness tracking.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, outlines strategic initiatives aimed at driving economic growth and innovation. Key areas of focus include digital infrastructure, MSME support, and workforce development, which are poised to significantly impact the IT, advertising, and marketing sectors.

The budget allocates substantial funds to digital infrastructure, which is expected to benefit the IT sector by enhancing internet access, data centers, and cybersecurity measures. This investment supports the broader digital economy and encourages technological advancements.

Sectoral Innovation and Efficiency

Stable tax policies provide a predictable environment, allowing IT firms to invest in long-term projects and R&D. The emphasis on digital infrastructure is expected to improve operational efficiencies, enabling IT companies to develop advanced technologies and maintain a competitive edge globally.

The push for digital infrastructure means increased opportunities for marketing and advertising. Businesses will likely boost their digital presence, leveraging advanced analytics and targeted marketing strategies to engage customers more effectively.

Workforce Development

Advanced internship schemes aim to enhance technical skills within the workforce, benefiting the all sectors. Companies should integrate these interns, offering hands-on experience with Ai tools and strategies to build a technologically adept workforce.

Enhanced Credit Support for MSME’s

The budget’s credit support for MSMEs is crucial for empowering small and medium enterprises to invest in digital transformation and marketing. This support will drive demand for Tech, advertising, and marketing services.

Economic Multiplier Effect

Support for MSMEs is expected to create a ripple effect across the economy. As these enterprises grow, their increased demand for IT services and marketing will drive further growth in these sectors, creating a cycle of investment, innovation, and economic expansion.

Global Competitiveness and Future Outlook

The strategic measures outlined in the budget aim to optimize operational efficiencies and enhance global service delivery. IT, advertising, and marketing firms will benefit from streamlined processes, reduced costs, and improved service quality, positioning them to compete more effectively on the global stage.

By reinforcing technological and economic advancement, the budget ensures that India remains at the forefront of the digital revolution. The combined focus on infrastructure, workforce development, and MSME support creates a robust foundation for sustained growth and innovation.

Bottomline

The Union Budget 2024-25 sets a clear path for the IT, advertising, and marketing sectors to thrive. With targeted investments in digital infrastructure, supportive fiscal policies, and initiatives to develop a skilled workforce, these sectors are well-positioned to leverage new opportunities and drive India’s economic progress. As these industries continue to innovate and expand, they will play a crucial role in shaping the nation’s digital future.

– Pancham Banerji, CEO, AdEngage

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Revenue increases 55.99% YoY to ₹1,753.09 Mn

Recommended final dividend of 1.5% per share of Rs.10/- each for FY24

Mumbai (Maharashtra) [India] July 31 : Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024. 

Amount in Mn

Consolidated Financial Highlights for the Q1 FY25: 

• BFIL registered a robust revenue growth of 55.99% and revenue from operations stood at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 because of the constant focus on client addition and continued demand for the specialized engineering products.
• EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. 

• The board of directors has recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

• PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25.

Commenting on the performance of Q1FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated:

“We are happy to share our financial and business performance for Q1FY25, we registered robust revenue growth of 55.99% with revenue from operations standing at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 owing to our constant focus on client addition and continued demand for our specialized engineering products. EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT grew by 104.96% and PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25. The board of directors have recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

Our robust financial performance was an outcome of our dedicated strategy implementation focused on addition of new products into our portfolio by understanding our customer needs, diversification of customer base and offering cutting edge solutions across industries like power generation, construction, hydraulics, and wind energy. Further, the Indian forging industry is undergoing rapid transition and transformation, with superior implementation of the China+1 strategy to de-risk supply chains.

This diversification and macro change in industry landscape offers us a plethora of opportunities and provides long runway for growth. In order to appropriately capitalize on the opportunity, we are investing heavily in our capabilities which are poised to yield positive results in near future.

Apart from the financial achievement, the current quarter was marked with various remarkable business accomplishments which are focused on expanding our capability, integrating our operations and becoming a more prominent force in the critical forging and precision machining landscape:

Acquisition of three state of the art forging production lines, with a capacity of producing 72,000 tons of forged products. This comprehensive setup includes 16-ton closed die forging hammer, 10-ton closed die forging hammer and 8,000T capacity mechanical press. This acquisition not only strengthens & expands our critical engineering product portfolio but also enhances the R&D capability enabling a product portfolio expansion in newer industries. It provides us a niche strength in creating products from different alloys from Aluminium to Titanium. This is a part of our strategic vision to increasingly contribute in manufacturing highly complex products at a global scale. The new forging unit will be seamlessly integrated with our current capabilities to deliver end to end solutions under one roof with best in class, Industry 4.0, practises to ensure high level of manufacturing efficiency.   

The proposed fundraise of INR 496.80 crores will strengthen manufacturing capacity, enhance the capability and play an incremental role in making India atmanirbhar/ self-reliant in defence, railways and aerospace sector. This will further aid turning the vision of Viksit Bharat as formulated by our Honourable Prime Minister into reality. With this, we aim to procure Solid Wheel Rolling Machinery which will produce the one of the largest railway wheels of up to 1,300 mm dia & further strengthen the company’s ability to cater to field of Defence, Aerospace & Railways.

In conclusion, BFIL is committed to expanding its capabilities through strategic investments in assets and the augmentation of our team to deliver top-quality, innovation-driven products. This approach positions us as a leading player in the market. Our dedication to sustainability and continuous improvement allows us to meet current customer demands while anticipating and shaping future industry needs. As we progress, we remain focused on driving substantial revenue and profit growth, enhancing stakeholder value, and making a positive contribution to the global economy.”

About Balu Forge Industries Ltd 

Balu Forge Industries Ltd (BFIL) was Incorporated in 1989 and is engaged in the manufacturing of fully finished and semi-finished crankshafts and Forged Components. It has the capacity to manufacture components conforming to both New Emission Regulations & the New Energy Vehicles. The company has a fully Integrated Forging & Machining production infrastructure with a large product portfolio ranging from 1 Kg to 1000 Kgs. The Company has an 80+ global distribution networks and operates through both domestic and export segments. The customers include some of the renowned suppliers and manufacturers of light vehicles, agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives, and many others. The company also caters to the defence, oil & gas, railway, marine amongst other industries.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mumbai (Maharashtra) (India) July 31 : India announced its new budget for 2024 on Tuesday, 23rd July. The new budget featured policies aimed across various sectors to offer growth, sustainability, and digital advancement. However, as an NRI, the greatest highlight of this budget has been the policies regarding angel tax for startups.

The focus on digital infrastructure stands out as a significant boost for India’s digital sector. With the commitment to expand broadband and 5G networks, this budget will accelerate the growth of digital businesses and startups.

The added emphasis on tax reforms and incentives for investment is another positive step towards creating a more business-friendly ecosystem with lower running costs to attract global investors, such as myself.

RedSwitches and businesses alike rely heavily on digital platforms to reach our wide customer base – and now that the budget allocates over $12 billion towards improving digital infrastructure, it’ll introduce new expansion opportunities. While we are a registered company in India, better connectivity will allow us to deliver enhanced services and drive technological advancements.

Furthermore, abolishing the angel tax is a big step towards supporting innovation and startups. It will cultivate a supportive environment for new businesses since the government is actively promoting entrepreneurship and ensuring the Indian economy remains competitive globally. These initiatives, combined with broader economic growth and job creation goals, are commendable.

Essentially, I believe the most recent regulations aimed at digital infrastructure would greatly benefit the business community. This strategic direction aims to create a durable and prepared economy for the future, not merely short-term gains. As a company owner, I have high hopes for this budget’s future in the digital industry and beyond.

Author: Glenn Gonsalves, CEO of RedSwitches

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Surat (Gujarat) [India] July 31 : DRC India, a leader in lab-grown diamond detection technology, is proud to announce the launch of its latest campaign, “Scan Karega India.” This initiative aims to protect consumers and the diamond industry from the inadvertent purchase of lab-grown diamonds sold as natural ones.

About ‘Scan Karega India’

“Scan Karega India” is a nationwide initiative by DRC India designed to educate and empower consumers about the importance of verifying the authenticity of diamonds. “With the rise of lab-grown diamonds, distinguishing between natural and lab-grown diamonds has become increasingly challenging. This campaign seeks to highlight the critical role that advanced scanning technology for lab-grown diamond detection plays in ensuring diamond authenticity.” says Mr. Hardik Patel, CEO of DRC.

Why ‘Scan Karega India’ is Essential

1. Unmasking the Truth: Lab-grown diamonds can appear identical to natural diamonds to the naked eye, making it easy for unscrupulous sellers to misrepresent lab diamonds as natural ones. The “Scan Karega India” campaign aims to educate consumers about this issue, enabling them to make informed purchasing decisions.

2. Protecting Consumer Trust: Accidental purchases of lab-grown diamonds can significantly damage consumer trust and tarnish brand reputations. By promoting the use of scanning technology for lab-grown diamond detection, DRC India aims to safeguard the integrity of the diamond industry, ensuring consumers receive exactly what they pay for.

3. Supporting Industry Standards: The campaign advocates for the adoption of standardised scanning and verification processes across the diamond industry. This effort helps maintain high industry standards and fosters transparency and accountability.

How to Participate in ‘Scan Karega India’

Spread the Word: Share the “Scan Karega India” message with friends and family. Use the hashtag #ScanKaregaIndia on social media to amplify the campaign’s reach.

Use Scanning Technology: Jewellers are encouraged to incorporate diamond scanning technology into their businesses to assure customers of the authenticity of their purchases.

Stay Informed: Follow DRC India on www.drcindia.in  and social media channels for the latest updates and information on diamond verification.

Join the Movement

Further Mr. Hardik Patel, CEO of DRC mentions “DRC India believes in the power of collective action. By joining the “Scan Karega India” campaign, you contribute to a larger movement aimed at preserving the authenticity and trust in the diamond industry. Together, we can ensure every diamond tells its true story.”

About DRC India: Diamtech Research Centre Private Limited is a pioneer in lab-grown diamond detection technology, dedicated to advancing transparency and trust in the global diamond trade. With a focus on innovation and reliability, DRC India continues to set new benchmarks in diamond authentication technology.

For more information about the “Scan Karega India” campaign, visit DRC India’s website or contact them at +91 99099 90884.

Instagram – www.instagram.com/drcpvtltd

Facebook – www.facebook.com/DRCPVTLTD

LinkedIn – www.linkedin.com/company/drcpvtltd

Youtube – www.youtube.com/@DRCIndia

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Revenue increases 55.99% YoY to ₹1,753.09 Mn

Recommended final dividend of 1.5% per share of Rs.10/- each for FY24

Mumbai (Maharashtra) [India] July 31 : Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024. 

Amount in Mn

Consolidated Financial Highlights for the Q1 FY25: 

• BFIL registered a robust revenue growth of 55.99% and revenue from operations stood at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 because of the constant focus on client addition and continued demand for the specialized engineering products.
• EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. 

• The board of directors has recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

• PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25.

Commenting on the performance of Q1FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated:

“We are happy to share our financial and business performance for Q1FY25, we registered robust revenue growth of 55.99% with revenue from operations standing at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 owing to our constant focus on client addition and continued demand for our specialized engineering products. EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT grew by 104.96% and PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25. The board of directors have recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

Our robust financial performance was an outcome of our dedicated strategy implementation focused on addition of new products into our portfolio by understanding our customer needs, diversification of customer base and offering cutting edge solutions across industries like power generation, construction, hydraulics, and wind energy. Further, the Indian forging industry is undergoing rapid transition and transformation, with superior implementation of the China+1 strategy to de-risk supply chains.

This diversification and macro change in industry landscape offers us a plethora of opportunities and provides long runway for growth. In order to appropriately capitalize on the opportunity, we are investing heavily in our capabilities which are poised to yield positive results in near future.

Apart from the financial achievement, the current quarter was marked with various remarkable business accomplishments which are focused on expanding our capability, integrating our operations and becoming a more prominent force in the critical forging and precision machining landscape:

Acquisition of three state of the art forging production lines, with a capacity of producing 72,000 tons of forged products. This comprehensive setup includes 16-ton closed die forging hammer, 10-ton closed die forging hammer and 8,000T capacity mechanical press. This acquisition not only strengthens & expands our critical engineering product portfolio but also enhances the R&D capability enabling a product portfolio expansion in newer industries. It provides us a niche strength in creating products from different alloys from Aluminium to Titanium. This is a part of our strategic vision to increasingly contribute in manufacturing highly complex products at a global scale. The new forging unit will be seamlessly integrated with our current capabilities to deliver end to end solutions under one roof with best in class, Industry 4.0, practises to ensure high level of manufacturing efficiency.   

The proposed fundraise of INR 496.80 crores will strengthen manufacturing capacity, enhance the capability and play an incremental role in making India atmanirbhar/ self-reliant in defence, railways and aerospace sector. This will further aid turning the vision of Viksit Bharat as formulated by our Honourable Prime Minister into reality. With this, we aim to procure Solid Wheel Rolling Machinery which will produce the one of the largest railway wheels of up to 1,300 mm dia & further strengthen the company’s ability to cater to field of Defence, Aerospace & Railways.

In conclusion, BFIL is committed to expanding its capabilities through strategic investments in assets and the augmentation of our team to deliver top-quality, innovation-driven products. This approach positions us as a leading player in the market. Our dedication to sustainability and continuous improvement allows us to meet current customer demands while anticipating and shaping future industry needs. As we progress, we remain focused on driving substantial revenue and profit growth, enhancing stakeholder value, and making a positive contribution to the global economy.”

About Balu Forge Industries Ltd 

Balu Forge Industries Ltd (BFIL) was Incorporated in 1989 and is engaged in the manufacturing of fully finished and semi-finished crankshafts and Forged Components. It has the capacity to manufacture components conforming to both New Emission Regulations & the New Energy Vehicles. The company has a fully Integrated Forging & Machining production infrastructure with a large product portfolio ranging from 1 Kg to 1000 Kgs. The Company has an 80+ global distribution networks and operates through both domestic and export segments. The customers include some of the renowned suppliers and manufacturers of light vehicles, agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives, and many others. The company also caters to the defence, oil & gas, railway, marine amongst other industries.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.