Tag: Business

Commenting on the performance of Q2 FY24, the management team of BFIL stated:

Mumbai (India), November 1: Balu Forge Industries Ltd reports financial and business performance for Q2 FY24. In this quarter, Balu Forge Industries Ltd achieved the highest-ever revenue, with a remarkable 130% growth in revenue from operations, increasing from ₹ 605.56 Mn in Q2 FY23 to ₹1,392.25 Mn in Q2 FY24. This growth can be attributed to our expanded product portfolio, including the introduction of heavy-duty crankshafts, as well as increased demand for our products across a wide range of industries, such as automotive, locomotives, defense, oil and gas, railway, marine, prototypes, and more. EBITDA grew by 719%, and margins have improved from 6.07% in Q2 FY23 to 21.64% in Q2 FY24 owing to an increase in the scale of operations, increased contribution from high-margin products and the addition of new OEM’s customer. PAT margins improved from 7.97% in Q2 FY23 to 16.71% in Q2 FY24.

In terms of H1 performance, revenue from operations increased by 127% and stood at ₹2,516.09 Mn in H1 FY24 compared to ₹1,109.52 Mn in H1 FY23. EBITDA increased by 472% from ₹90.89 Mn in H1 FY23 to ₹520.21 Mn in H1 FY24, and margins have improved from 8.19% in H1 FY23 to 20.68% in H1 FY24. PAT increased by 227% and stood at ₹399.40 Mn in H1 FY24 compared to ₹122.23 Mn in H1 FY23, margins have improved from 11.02% in H1 FY23 to 15.87% in H1 FY24 during the same period.

Management Balu Forge Industries Ltd commented, Additionally, we are pleased to announce a notable improvement in our working capital days which has improved from 177 days as on 31st Mar’23 to 135 days as on 30th Sep’ 23. This was primarily attributed to concerted efforts in optimizing our credit control processes while maintaining healthy customer relationships, resulting in a reduction in debtor days.

On the capex front, our plan for enhancing our machining capacity by14,000 tonnes at our newly acquired 13 acre land in Belgaum, Karnataka has progressed well. The operations from this facility are expected to commence from Q4 FY24, that will enable us to produce heavier and more complex crankshafts having better realizations and margins.

Further, as we evolve, we are witnessing a lot of green-shoots in the defense and railway industry. This presents a significant growth opportunity for BFIL, as we continue to expand our footprints in these sectors by leveraging on our brand and R&D expertise. Apart from this, we are increasing our reach in newer regions and are actively evaluating acquisition of plants and machines to support our pursuit of becoming a fully integrated company which will enable us to diversify our product portfolio and bolster our efficiency, productivity and margins.

Lastly, we are confident that our forthcoming capacity expansion, coupled with favorable macroeconomic trends, will pave the way for us to realize sustainable revenue growth and greater surpluses.

We would like to thank our employees for their efforts and our investors/stakeholders for their continued support and encouragement.”

MANAGEMENT GUIDANCE:

•           Revenue is expected to conservatively grow by ~25.0% in FY24 over FY23, led by growth opportunities in the various industries like defence, railways, and others

•           EBITDA margins are expected to be in the corridor of 22.0%-23.0% in the upcoming quarter on the back of increasing scale of operations and efficiencies thereon.

BUSINESS UPDATES:

Ø   Raised capital of ₹ 91.80 Cr by issuing fully convertible warrants to the promoters, where each warrant is convertible into an equivalent number of equity shares, each with a face value of ₹10/-

Ø   Raised capital of ₹ 45.90 Cr by issuing 25 lakhs equity share to Sixteenth Street Asian Gems Fund

About Balu Forge Industries Ltd (“BFIL” or the “Company”):

Balu Forge Industries Ltd is one of the leading companies in India to mass-produce Crankshafts.  It is engaged in the manufacturing of finished and semi-finished crankshafts and forged components and has a strong clientele comprising of 25+ OEM’s. The Company boasts of a precision machining unit with a comprehensive product range which caters to customers across various industries such as automobiles, ships, locomotives, aerospace, defence, oil and gas, railway, marine, prototypes and others. The facility is located in Belgaum, Karnataka and has an existing capacity to produce 18,000 tonnes Forged Components per annum which will be expanded to 32,000 tonnes in the coming quarters. Further, the company has R&D team comprising of 45 people BFIL through its subsidiaries has distribution network in over 80+ countries and operates in export and domestic markets.

DISCLAIMER: Certain statements in this document may be forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Balu Forge Industries Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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New Delhi (India), November 1: In the fast-paced world of business, leadership often emerges from those who embrace challenges, turning adversity into opportunity. One such inspiring figure is Ayushi Tripathi, the CEO of GrowUni, who has not only shaped the company but has also generated an impressive 90 crores in revenue for small and mid-sized businesses through her expertise in sales and digital marketing. Ayushi’s journey is a testament to her tenacity, vision, and dedication to empowering others in the digital age.

Hailing from the bustling city of Kanpur, Ayushi’s path to leadership was marked by a deep interest in the power of digital marketing services. Her journey began as a freelancer, where she honed her skills and gained valuable insights into the digital marketing landscape. She later ventured into the world of e-commerce, starting her own brand. However, her entrepreneurial spirit faced a severe test when the COVID-19 pandemic swept across the globe, leading to the closure of her e-commerce business. It was during this challenging period that Ayushi’s resilience and determination came to the forefront.

Rather than succumbing to adversity, Ayushi used this time to conduct extensive research and analysis of the digital marketing services industry. In doing so, she identified a significant gap between brands and digital marketing agencies. She recognized that many businesses struggled to find a partner that offered complete and dedicated support in navigating the digital landscape. This realization fueled her vision for GrowUni.

GrowUni, founded by Ayushi Tripathi in 2022 and based in Gurugram, Haryana, is not just another digital marketing agency. It is a revolutionary concept that provides businesses with dedicated resources that function as an integral part of their team. Ayushi’s innovative approach ensures that clients have access to a team of experts with a minimum of three years of experience at just 10% of the cost of hiring a full in-house team. Furthermore, clients retain 100% control over these experts, while GrowUni takes care of everything from branding and generating sales to marketing, public relations, and customer support.

In essence, GrowUni becomes a seamless extension of the client’s business, allowing them to focus entirely on their core functions, whether it’s manufacturing, service delivery, or product development. For instance, if you are a manufacturer of pens, you can concentrate your efforts on improving your product, while GrowUni takes care of everything else – from branding and marketing to managing customer inquiries and providing exceptional customer support.

GrowUni’s client-centric approach, working as partners rather than a traditional agency, has set it apart in the digital marketing industry. Since its inception, GrowUni has successfully served over 100 clients in India and internationally, generating a remarkable 90 crores in revenue for its partner businesses. The range of services provided by GrowUni spans branding, digital marketing, custom website and application development, and customer support, catering to diverse industries such as healthcare, education, pharmaceuticals, e-commerce, direct-to-consumer brands, hospitality, food, fashion, and manufacturing.

Ayushi’s vision for GrowUni is nothing short of ambitious. The company aspires to serve thousands of small businesses worldwide in the next year and is rapidly expanding its team to meet this demand. With an unwavering commitment to excellence, GrowUni aims to achieve a revenue target of $100 million within the next two years, solidifying its position as a global leader in the realm of sales and digital marketing.

Ayushi Tripathi’s journey from a freelancer to the CEO of a game-changing company like GrowUni exemplifies the essence of leadership in today’s dynamic business world. Her ability to identify and address unmet needs in the market, coupled with her determination to provide practical solutions, has positioned her as an inspiration and leader for future entrepreneurs. As she continues to spearhead GrowUni’s growth and success, it is evident that Ayushi Tripathi’s vision will continue to empower businesses to thrive in the digital age.

Website link https://growuni.online/

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A Hub of Innovation and Empowerment

New Delhi (India), November 1: Baba Textile Machinery India Pvt. Ltd., a pioneering name in the textile machinery industry since its establishment in 2005, is thrilled to announce the opening of its new showroom in Hyderabad. 

The grand opening event will not only mark a significant milestone for the company but will also underscore its commitment to women’s empowerment through textile machinery.

The showroom launch is a testament to Baba Textile Machinery’s unwavering dedication to serving the textile industry.

With the guidance and leadership of Mr. Murari Lal Parasurampuria, the company transitioned into a Private Ltd. Company in 2012 and has since evolved into the ultimate one-stop destination for textile-based machinery needs. 

Today, Baba Textile Machinery proudly boasts a team of over 100 dedicated employees, a network of eight offices situated in key cities including Jaipur, Varanasi, Kolkata, Delhi, Gandhi Nagar, Noida, Hyderabad, and Santipur (West Bengal), and a user base spanning across India.

Baba Textile Machinery India Pvt. Ltd. envisions enhancing productivity and efficiency for Indian manufacturers by offering standardized, high-quality machinery and equipment. Their mission is focused on setting industry benchmarks while providing manufacturers with technology-enabled, advanced machinery solutions that enable them to create a profound impact in the global market domain.

The company has delivered over 15,000 machines to satisfied clients across India, averaging an impressive 500+ machines delivered annually. Their presence extends to more than 80 cities, offering a diverse range of over 100 machines, establishing them as the leading and trustworthy manufacturer in terms of durability and reliability.

Empowering Women Through Embroidery

A notable highlight of the new showroom is its emphasis on women’s empowerment in the textile industry. Embroidery machines, a specialty of Baba Textile Machinery’s product range, are a powerful tool for women entrepreneurs seeking to establish their businesses and strive for economic independence. This showroom is poised to be a catalyst for the growth of women in the industry, supporting their journey towards empowerment.

This event symbolizes not only a new beginning for the company but also a celebration of the strength, resilience, and entrepreneurial spirit of women in the textile sector.

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While light on balance, the bob Lite Savings Account comes loaded with offers during the festive season

New Delhi (India), November 1: Bank of Baroda (Bank), one of India’s leading public sector banks, has introduced the bob LITE Savings Account – a Lifetime Zero Balance Savings Bank Account, as a part of its “BOB Ke Sang Tyohaar Ki Umang” festive campaign. bob LITE offers customers a hassle-free banking experience without any minimum balance requirement. 

Further, to cater to the requirements of different customer segments, the bob LITE account also comes with a lifetime free RuPay Platinum Debit Card on maintaining a nominal Quarterly Average Balance (QAB) in the account and accountholders can also avail a lifetime free credit card, subject to eligibility.

The bob LITE Savings Account also comes loaded with offers during the festive season. As a part of its ongoing festive campaign, Bank of Baroda has tied up with leading consumer brands across categories such as Electronics, Consumer Durables, Travel, Food, Fashion, Entertainment, Lifestyle, Grocery and Health, offering a host of attractive offers and discounts on Bank of Baroda Debit and Credit Cards. The festive campaign will run up to 31st December, 2023 and cardholders can indulge in special offers from brands such as Reliance Digital, Croma, MakeMyTrip, Amazon, BookMyShow, Myntra, Swiggy, Zomato, and more.

Speaking on the occasion, Shri Ravindra Singh Negi, Chief General Manager – Retail Liabilities & NRI Business, Bank of Baroda said, “We are pleased to introduce the bob LITE Savings Account, with the twin objective of bringing banking within reach with an account that is light on charges, while also delivering more joy to our customers this festive season. The account can be opened by any resident individual, including minors above the age of 10 years. bob LITE opens the doors to the formal banking ecosystem for a new generation of aspiring Indians and is aimed at fulfilling their hitherto unmet banking needs.”

Salient features of the bob LITE Savings Bank Account:

• Lifetime zero balance savings account
• Can be opened by any resident individual, including minors (above 10 years of age and able to read and write)
• Lifetime Free RuPay Platinum Debit Card with a host of attractive features, subject to maintenance of Quarterly Average Balance as follows:

• Rs. 3000 for Metro/Urban branches
  • Rs. 2000 for Semi Urban branches
  • Rs. 1000 for Rural branches

• Lifetime Free Credit Card, subject to eligibility 
• Attractive discounts/ offers on Bank of Baroda Debit & Credit Cards
• 30 free cheque leaves in a financial year

To open a bob LITE Savings account, click on https://bit.ly/bobLITE for digital account opening through Video KYC or visit the nearest Bank of Baroda branch. 

For details on the bob LITE Savings account, click here.

About Bank of Baroda

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.

• Visit us at www.bankofbaroda.in 
• Facebook https://www.facebook.com/bankofbaroda/
• Twitter https://twitter.com/bankofbaroda
• Instagram https://www.instagram.com/officialbankofbaroda/
• YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA 
• LinkedIn https://www.linkedin.com/company/bankofbaroda/

For media queries, please contact:

Bank of Baroda: Phiroza Choksi | +91 9820363681 | corp.pr@bankofbaroda.com

Perfect Relations: Sneha Joshi | +91 9833004482 | Sneha.Joshi@dentsu.com

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Business Mint, a leading authority in recognizing excellence and leadership, unveils the much-anticipated Under 30 and Under 40 Visionary Leaders accolades on October 31, 2023.

New Delhi (India), November 1: The Business Mint Under 30 and Under 40 Visionary Leaders recognition evolves into a symbol of distinction, lauding the remarkable achievements of outstanding young leaders across various sectors. This year’s unveiling is even more grand and inspirational. Business Mint has consistently been at the forefront of honoring and celebrating talent and leadership. The “Under 30 and Under 40 Visionary Leaders” recognition serves as a stage to extol these youthful leaders and motivate others to reach greater summits in their careers and pursuits.

These awards spotlight visionaries excelling in fields encompassing entrepreneurship, technology, healthcare, finance, education, innovation, and beyond. By doing so, they underline the extraordinary contributions of young leaders shaping the future of their respective industries.

Winners of Business Mint Under 30 Visionary Leaders 2023

-Devyansh Misra – Social Impact Innovator

-Deepak Hegde, Founder – Parabola – Recruitment & Payroll Services

-Rajesh Sharma, Founder – INDIAN HAVELI, Chai Anytime and Biryani Vibes  Food & Beverage Innovator

-Suraj Pusarla, Founder – The Rage Room & The Splash Room – Recreational Services

-Anushka Pathak, Founder – Nava Restaurant – Culinary Innovation

-Hardikaditya Lunawat, Founder & CEO – Fintin – FinTech

-Ishaan Bahl, CEO – Risa Hospitality Pvt Ltd – Hospitality

-Mohit Kant, Director of Operations – ASM Castings Pvt. Ltd. – Non-Ferrous Metals Industry

-Lakshmi Devan, Global Marketing Consultant & Startup Advisor – Brand Advisor

-Ishan Pandya, Consultant Eye Surgeon – Saatvik Eye Hospital    – Ophthalmologist

-Dr. Samir Hayat Khan, Executive Director – Mira IVF –         Healthcare Management (IVF)

-Sravya Katta, Advocate – Legal & Law

-Gunjan Sharma, Founder – Métier PECA – Baking & Culinary Educator

-Bijaya Dutta, Founder – PiliTaxi – Sustainable fashion & lifestyle marketplace

-Dr. Dipan Samanta, Founder & CEO – MEDBLOG18 – Academic Paper Consulting

-Jatin Khanna, Director – Fit Tech India Sports & Fitness Equipment Pvt Ltd – Sports & Fitness Equipment

-Nimit Luthra, Founder & CEO – Stanlee India – Consumer Electronics

-Ar.Komal Solanki, Creative Director & Designer – Komal Solanki Designs – Design in Entertainment

-Varshith Veesamsetty, Director – CASA DECOR

-Noor Ul Huq M, Founder – mo’cocos – Beverage Innovation

-Navjyot Singh Gurudatta, Founder – MasterKey Media

-Dr. Antik Bhattacharyya, Dental Surgeon

-Brinda Rajpopat, Founder & CEO – Petikaa Gift  Studio – Luxury Gifting Category

-Rahul Kumar, Product Owner – Solifi – Financial Technology

-Akarsh Agrawal, Co-Founder – ProGrad – Education Technology

Winners of Business Mint Under 40 Visionary Leaders 2023

-Deepu Sukumaran Nair, Lead Acc Director – LinkedIn

-Mr. Ashish Bhutani, Chief Executive Officer – Bhutani Group – Real Estate

-Prabhakar Baranwal, Manager Project Management         Real Estate – Project Management

-Subharun Pal, Distinguished Business Excellence Leader – Supply Chain Management

-Rakshay Dhariwal, Founder & MD – Pass Code – Hospitality

-Ankit Jain, Director  – AnG interior hub – Interior Decor Products

-Vijay Vasudevan, Managing Director – Spot 1 Consultancy – Wealth Development and Investment Banking

-GAURAV NARULA, Founder – Silver Stroke Communications – Digital Marketing Agency

-Rusheel Dadu, Managing Director – Dadus Sweet Emporio, Pune – Sweets & Confectionery Business

-Umang Mundhra, Principal Owner – Manjari Enterprises – Design & Print Innovator

-Sashi Mudaliar, CEO – Meraki Constructions – Constructions

-Mahendra Kumar M Soni, Chief Financial Officer – Kay Bee Exports – Finance Management

-Mrs. Roopa Manikandan, Founder – BrainTech Learning Centre – Tech Learning Centre

-Nirav Vikas Dalal, Associate Partner – YASH GROUP OF COMPANIES – Architecture

-Harsh Kalyani, CEO – TopRewards.in | Kikoy Promotions LLP – Consumer Promotions

-Nayan Ahluwalia, Laparoscopy, Proctology & Cardio-Thoracic Marketing (India & Subcontinent) – KARL STORZ – Marketing Strategist (Medical Devices)

-Adv. Abdul Bari Khan – Lawyer and Men’s Right Activist

-Bhawna Popli, HR – PATH – HR

-Hanaa Rahman, ACE Certified Personal Trainer          – Fitness Influencer

-Rohan Rawat, Strategic Leadership & Partnership – International Marketing for Education

-Shalu Nijhawan, Founder – Plant yum ( Vegan beverage Premixes brand) – Holistic Nutritionist

-Kanishka Upadhyaya, AVP Brand Partnerships – Celebrity Brand Partnership

-Roshni jeetendar Rajput, Founder & Aesthetician – Glow Beauty Products – Skin Care & Hair Care

-Ramya Rajagopal, Founder & CEO – Geese Learning Company – Management Consulting

-Neha Agarwal Haria, Marketing Head – NAVNEET TOPTECH

Vinay Kanth Korapati extends his heartfelt congratulations to all the winners, recognizing their remarkable achievements that have set new benchmarks. Their hard work, innovation, and dedication stand as an inspiration to all attendees. These young leaders have demonstrated that, with vision and determination, there are no limits to what can be achieved.

About Business Mint: Business Mint is a leading platform that recognizes and honors achievements across diverse industries. Through their comprehensive events and award programs, they provide a platform for companies and individuals to showcase their excellence and establish themselves as industry leaders. With a mission to inspire, connect, and empower professionals, Business Mint plays a pivotal role in fostering growth, innovation, and collaboration. Business Mint is renowned for its commitment to recognizing excellence and promoting innovation in various sectors. With a strong focus on fostering growth and creating networking opportunities, Business Mint continues to bring together industry leaders, professionals, and enthusiasts to inspire, learn, and collaborate.

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New Delhi (India), November 1: JMD Ventures Limited, formerly recognized as JMD Telefilms Industries Ltd. (BSE Code: 511092), has embarked on an exciting journey into the ever-evolving world of Over-the-Top (OTT) platforms. The company’s decision to expand its business into the realm of OTT broadcasting marks a significant move that reflects the changing dynamics of the media and entertainment industry.

In an era where traditional media channels are facing unprecedented disruption, JMD Ventures Limited has recognized the immense potential in the digital domain. With the growing popularity of OTT platforms, the company is poised to diversify its content offerings to cater to the changing preferences of audiences worldwide. This strategic shift reflects the company’s commitment to staying at the forefront of the entertainment landscape.

The decision to enter the OTT space is a well-thought-out one. OTT platforms have become an integral part of the modern consumer’s life, offering a wide array of content choices, from movies and TV shows to music and short films. Recognizing this trend, JMD Ventures Limited is determined to leverage the opportunities presented by the OTT industry.

One of the primary areas of focus for JMD Ventures Limited in the OTT space is the distribution of music songs. Music is a universal language that transcends borders and brings people together. The company aims to curate an extensive library of music from various genres, ensuring that users have access to their favorite tunes at their fingertips. With the flexibility that OTT platforms offer, music enthusiasts can now enjoy an uninterrupted stream of music, creating a more personalized and enjoyable experience.

Short films, another exciting facet of the OTT landscape, are also part of JMD Ventures Limited’s content strategy. Short films have gained popularity for their ability to tell compelling stories in a concise format. The company’s foray into this segment signifies its commitment to supporting emerging talent and providing a platform for innovative storytelling. By offering a space for short films, JMD Ventures Limited aims to promote creativity and diversity in content creation.

This move into the OTT space is not only a testament to JMD Ventures Limited’s adaptability but also a response to the changing preferences of consumers. Today’s audience craves content that is accessible at their convenience, and OTT platforms offer just that. The convenience of streaming content anytime and anywhere, often without the need for a traditional cable connection, makes OTT platforms a go-to choice for modern viewers.

For the members of JMD Ventures Limited, this development is not only about expanding the business but also about recognizing the immense potential that digital media holds. It is a strategic move that aligns with the evolving nature of the media and entertainment industry, where innovation and adaptability are key to success.

In conclusion, the transformation of JMD Ventures Limited into an OTT content provider heralds an exciting chapter in the company’s journey. With a commitment to delivering music and short films to audiences across the globe, the company is poised to make a significant impact on the OTT landscape. This strategic shift underscores the company’s responsiveness to changing market dynamics and its dedication to providing cutting-edge entertainment experiences for its members and audiences at large.

As JMD Ventures Limited takes its first steps into the world of OTT, it is poised to embark on a journey of creativity, innovation, and digital growth that will undoubtedly shape the future of the entertainment industry. Watch this space for more updates and exciting content offerings from this dynamic company as it continues to evolve in the world of OTT entertainment.

To know more visit: www.jmdlimited.co.in

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Product Range – Tinefcon 

•    Lord’s Mark Biotech, the exclusive distribution marketing partner for Tinefcon in India.

•    To set up a task force of scientific communicators to build awareness about difficult-to-

treat skin conditions like Psoriasis.

•    Has set a revenue target of Rs. 100 crores for Tinefcon by 2025.

Mumbai (Maharashtra) [India], October 31:  Lord’s Mark Biotech, a subsidiary of Lord’s Mark Industries and a leading Healthcare and wellness company has launched Tinefcon, a patented medicine for treating Psoriasis. Lord’s Mark Biotech has signed an exclusivity agreement with INVEX Health Pvt Ltd for patented product developed by Piramal life sciences in India. Tinefcon is being launched as a total solution for Psoriasis in 4 forms such as tablet, cream, shower gel and scalp wash and is priced in the range of Rs. 799 – Rs. 3900.

Lord’s Mark Biotech, the exclusive distribution partner for Tinefcon, is mentoring mentors around the country through a scientific sales force exclusively recruited for Tinefcon to deliver a solution for Psoriasis. The company has also established a strong social media campaign to aggressively market Tinefcon online. Tinefcon will also be offered on internet marketplaces, allowing the medical community to reliably recommend it to needy patients.  

Lord’s Mark Biotech has invested Rs. 20 Crores to market and distribute it extensively in India, the company is expecting a revenue of Rs. 100 crores for Tinefcon by 2025.

Commenting on the launch, Mr. Sachidanand Upadhyay, MD, Lord’s Mark Biotech, said, “We are pleased to introduce Tinefcon to the Indian market. The launch of Tinefcon is in line with our mission to enrich healthcare discourse in India. With Tinefcon, we offer a comprehensive, safe, and effective treatment of psoriasis. Our goal is to position Tinefcon as the principal choice for psoriasis management. We’re looking forward to making Tinefcon a major success in India and reaching out to a wider patient base as we expand our presence.’’

Tinefcon, is being tested in 500+ patients across India, has been proven to treat psoriasis, and has shown a reduction of 66% in epidermal thickness, improved the Psoriasis Area Severity Index (PASI), and downregulated the psoriatic markers gene in a 12-week clinical study. Tinefcon can be safely prescribed to all patients over 18 years old.

Patient population and frequency of the disease: Psoriasis commonly affects individuals in their 30’s or 40’s, with males being affected two times more commonly than females. Psoriasis prevalence is 1.6% among people aged 20 to 29 years and 4.3% among those aged 50 to 59 years. 125 million people worldwide—2 to 3 percent of the total population—have psoriasis, according to the World Psoriasis Day consortium.

Psoriasis prevalence among US adults 20 years of age or older was 3.0%. Based on the 2020 US census data, this outcome translates to an estimated 7.55 million US adults with psoriasis, followed by a prevalence of 0.44–2.8% in India (approximately 4 crore people), which suggests India is second highest after the US.

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Ahmedabad (Gujarat) [India], October 31: As we approach the festive season, CLEAR Premium Water, renowned for its unwavering commitment to quality and excellence, stands ready to fulfil the increasing demand for premium bottled water for the upcoming wedding season.

CLEAR Premium Water has consistently set the industry standards for excellence and purity, earning the trust and devotion of consumers nationwide. It has firmly established itself as the leader in the 200ml packaged water segment.

Nayan Shah, the Founder and CEO of Clear Premium Water, stated, “At CLEAR, we take great pride in our pioneering leadership within the 200ml SKU segment, setting the gold standard for premium water quality. As the nation’s most trusted premium water brand, we are fully equipped to meet our customers’ demand for excellence throughout the wedding season. Our dedication to providing the highest quality water guarantees that our customers stay hydrated and refreshed during their celebrations.”

CLEAR Water has earned its reputation as the most trusted premium water brand due to its commitment to unwavering excellence and purity. It adheres rigorously to international safety, hygiene, and quality benchmarks, employing industry best practices in manufacturing while maintaining impeccable quality standards. Every drop of CLEAR Water undergoes rigorous testing to ensure it meets the highest safety criteria, undergoing an extensive 11-stage purification process and a stringent 121 quality check.

As the wedding season approaches, CLEAR Premium Water stands as your partner for excellence and purity. Don’t miss this opportunity to elevate your festive offerings with CLEAR Premium Water. Make the call that promises a season of impeccable quality and unrivaled hydration. Cheers to a season of excellence.

New Delhi (India), October 31: In an era characterized by the rapid evolution of the cryptocurrency space, the OTX is emerging as a transformative force in decentralized finance (DeFi), making waves in decentralized and centralized exchanges (DEX and CEX). OTX, once a novel concept, is now taking the crypto world by storm, with its unique features and applications gaining traction among a diverse range of users.

A Global Game Changer

The OTX, initially considered a niche project, has swiftly grown into a global phenomenon. Over the past year, its adoption rate has surged, with individuals, businesses, and communities recognizing its potential as a valuable digital asset and a versatile medium of exchange. This remarkable ascent has attracted the attention of both seasoned crypto enthusiasts and newcomers to the digital economy.

Community and Developer Involvement

One of the critical drivers of OTX adoption is its strong and vibrant community and the active involvement of developers. The community’s passion and dedication to the project have fostered trust and encouraged wider adoption. Developer contributions have led to innovative use cases, smart contracts, and a robust ecosystem that extends well beyond a traditional cryptocurrency. These developments boost the token’s presence in DEX and CEX platforms, creating exciting market possibilities.

Partnerships and Integrations

Integrating OTX into various blockchain projects and decentralized applications is another remarkable development. Partnering with other blockchain solutions, OTX is extending its utility and interoperability. This expansion demonstrates OTX’s versatility and potential to become a pivotal element in the broader blockchain landscape. Additionally, it positions OTX to compete with giants like Binance in the $112 billion market cap space, fostering healthy competition and innovation.

DeFi and Decentralized Governance

The DeFi world has warmly embraced OTX, offering exciting possibilities for decentralized lending, borrowing, and trading in DEX and CEX settings. Additionally, the project’s dedication to decentralized governance empowers the community to make critical decisions and shape the future of OTX. This commitment to open and transparent government aligns with the core principles of decentralization, ensuring a decentralized and community-driven approach in DEX and CEX exchanges.

DAO and Web3

In addition to the DeFi landscape, OTX’s incorporation of Decentralized Autonomous Organizations (DAOs) and its involvement in the Web3 ecosystem further solidify its role as a leading force in the crypto space. These developments promote decentralization, transparency, and community-driven decision-making, making OTX a driving force in shaping the future of decentralized finance and the broader Web3 ecosystem.

Cross-Border Transactions and Inclusivity

The growing adoption of the OTX is also impacting the cross-border transaction landscape. With its fast, secure, and cost-effective transactions, OTX presents a viable solution to the challenges of the traditional financial system. This technology particularly appeals to international trade, remittances, and cross-border investments. Furthermore, OTX’s commitment to inclusivity ensures that it is not just for the technologically savvy but also for individuals seeking financial empowerment worldwide, regardless of whether they use DEX or CEX platforms.

Regulatory Compliance

A growing commitment to regulatory compliance contributes to OTX adoption in both DEX and CEX exchanges. It demonstrates a willingness to work within the existing legal frameworks, assuring investors and businesses that OTX is a responsible and trustworthy project. Regulatory clarity is paving the way for increased adoption and investment in the ecosystem, enhancing the token’s reputation in the market.

Potential to Deliver Over 1000X Returns

The cryptocurrency market has witnessed exceptional growth and investment returns, with notable projects like Ethereum surging from a starting price of $0.31 to an astonishing all-time high of $4,891.70, marking a remarkable 15,000-times increase. Solana, Avax, Tron, Cardano, Polkadot, Cosmos, and Binance Coin have also seen significant gains, with Solana achieving a 250-times increase, Cardano impressively growing 1300-times, and Binance Coin reaching a phenomenal 4500-times growth. 

However, the OTX Token stands out as a potential game-changer amidst this remarkable list of cryptocurrencies. Starting at just $0.10, it aims for an all-time high and is expected to surpass the 1000X mark. While it may have a different historical track record than some of the more established projects, the potential for OTX to deliver an incredible return on investment is undeniable.

Investors and enthusiasts in the blockchain space closely watch OTX, recognizing its unique features and ability to disrupt the crypto landscape. As the crypto world continues to evolve, the story of OTX is compelling, showcasing the extraordinary possibilities that cryptocurrencies can offer to those who believe in their potential. The cryptocurrency market is known for its volatility and opportunity, and OTX is a prime example of the potential for exponential growth within this dynamic and exciting ecosystem. #otx #opentradeexchange #otxblockchain #layer1 

Website www.otx.exchange

Blockchain www.otxscan.io

Twitter https://x.com/OTX_Exchange?s=09

Telegram https://t.me/OTXexchange

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New Delhi (India), October 31: In a significant development, Nesa Medtech, a renowned deeptech medical device startup, announced the successful closure of an undisclosed amount in their Pre-Series A round of funding. The round, led by KITVEN Fund 3 Biotech, witnessed participation from esteemed investors, including Malpani Ventures, SucSEED Indovation Fund, and renowned High Net Worth Individuals (HNIs) with a deep-rooted interest in medical devices, such as Dr. Dinesh Patel and Ganesh Subramaniam.

Nesa Medtech, founded by CEO Sreekar Kothamachu, vision to transform women’s health with a patented micro-invasive technology for the treatment of symptomatic uterine fibroids. It offers numerous benefits, including scarless, shorter procedure time, quicker recovery time and the preservation of the uterus. This funding is expected to propel the company’s mission forward and mark a huge step toward achieving its milestones. One of the primary objectives of this funding round is to execute clinical efficacy studies, which will validate the effectiveness of their micro-invasive treatment method for uterine fibroids and also develop the next generation of device for commercial use.  

“We are pleased to back Sreekar and his team at Nesa, as they seek to develop micro-invasive technology for treating uterine fibroids,” said KITVEN and Malpani Ventures in a joint statement. They had noted Nesa’s significant progress over the last couple of years, achieving major milestones mitigating the technology from regulatory & clinical risks. Speaking about the successful funding round, CEO Sreekar Kothamachu expressed his gratitude, saying, “This fundraising would enable us to be prepared to commercialize technology and advance to the global market by initiating the process of obtaining global regulatory approvals.”Nesa Medtech has received grants from the Biotechnology Industry Research Assistance Council (BIRAC) and Karnataka Biotechnology and Information Technology Services (KBITS). The company was also backed by Malpani Ventures, Centre for Cellular and Molecular Platforms (C-CAMP), and a few other renowned high-net-worth individuals in the seed round.

The outlook for Nesa Medtech is promising, and their innovative approach to treating uterine fibroids has the potential to make a substantial impact in the global women’s health market. 

According to Data Bridge Market Research, this market, which was valued at $4 billion in 2022, is projected to reach $6.2 billion by 2030, with an expected compound annual growth rate (CAGR) of 5.5% during the forecast period. 

For detailed information, visit the website: nesamedtech.com

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