Tag: Business

  • EIL pays courtesy call to the Hon’ble Prime Minister of Guyana

    EIL pays courtesy call to the Hon’ble Prime Minister of Guyana

    New Delhi (India), August 10: Atul Gupta, Director, Engineers India Ltd.(EIL), Subhas Balakumar, Executive Director, EIL and Vaishagh Menon, Country Manager, EIL along with the officials from EKAA Hrim Earth Resources and INDIA-GUYANA CHAMBER OF COMMERCE (IGCC) paid a courtesy call to the Prime Minister of Guyana, Hon. Brigadier (Ret’d) Mark Anthony Phillips at the Office of the Prime Minister, Georgetown, Guyana.

    The meeting aimed at strengthening the investment and trade potential between India and Guyana and intensifying the economic and cultural relations between the two countries. During the meeting, Mr Sreebalakumar, Joint Secretary, IGCC shared his views on promoting the all-round development of friendly cooperation in various fields between the two countries, as well as further strengthening of participation from public and private sectors from both the countries.

    Guyana’s growing investment prospects

    According to the IMF, Guyana’s economy experienced an estimated annual GDP growth of a remarkable 62.3% in the year 2022. The nation’s remarkable economic performance has drawn international attention and admiration, making it a standout in the region and the world at large.

    By the end of 2023, Guyana is expected to achieve an exceptional milestone with a projected 100% increase in its Gross Domestic Product (GDP). With President His Excellency Dr Mohamed Irfaan Ali at the helm, the government of Guyana has laid out an ambitious master plan for swift development and transformation, exemplifying their relentless dedication to turning its vision of rapid growth into a reality. 

    Sharing his views, Mr Saju Bhaskar, Secretary, INDIA-GUYANA CHAMBER OF COMMERCE and President & Founder, Texila American University Consortium said: “India and Guyana share a rich history of cooperation and partnership. As Guyana is on the verge of becoming one of the largest per capita oil producers in the world by 2030 and is among the fastest-growing economies in the world, the growing collaboration between India and Guyana can be beneficial for both countries. We firmly believe that IGCC can play a critical role in boosting the trade and investment between the two countries and will serve as a platform for the businesses in Guyana and India to connect, network, operate and support the economic growth of the two countries.”

    About INDIA-GUYANA CHAMBER OF COMMERCE

    India-Guyana Chamber of Commerce is an apex bilateral organization that is committed to nurturing strong business relationships between India and Guyana. The idea of setting up IGCC was conceived considering the need to build stronger economic ties between India and Guyana and promote and facilitate trade and investment opportunities between the two countries. The goal of this chamber is to provide business people in Guyana and India with a space to connect, network, and operate together. Additionally, the chamber also works towards creating trade, investment, and joint venture possibilities in many industries, including energy, technology, and agriculture. 

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  • Kote Groups of Institutions and Human Bliss Charitable Trust Unite to Offer Admissions In a Spectrum of Educational Opportunities

    Kote Groups of Institutions and Human Bliss Charitable Trust Unite to Offer Admissions In a Spectrum of Educational Opportunities

    Guwahati (Assam) [India], August 10: The education landscape receives a dynamic boost as Kote Groups of Institutions, led by the visionary Chairman Mr. Bakkappa Kote, collaborates with the esteemed Human Bliss Charitable Trust, under the leadership of Dr. Avin Chandran. 

    This pivotal partnership marks the launch of admissions for a diverse portfolio of courses, propelling students toward a future brimming with possibilities.

    A plethora of programs are now open for enrollment, catering to a wide range of academic interests: D Pharma, Diploma in Nursery & Midwifery, BCom, BA Journalism, BCA and BBA.

    These courses are meticulously designed and meticulously curated to meet the evolving needs of a dynamic world. What sets these offerings apart is their affiliation with the distinguished Rajiv Gandhi University of Health Sciences, Bengaluru, ensuring a seal of quality and recognition on the academic journey.

    Kote Group Of Institutions led by Surya Education Academy itself on a holistic approach to education, a philosophy guided by the ideals championed by Chairman Mr. Bakkappa Kote. A standout feature of this endeavour is the institution’s commitment to not only train professional nurses from India but also from across the globe. 

    This far-reaching vision is grounded in the understanding that nursing, being a lifelong dedication to serving the community, must continuously evolve alongside other health professions to ensure a comprehensive healthcare program for society.

    Education agents and consultants are warmly invited to explore the expansive array of courses on offer. Their role in disseminating this invaluable information to potential students is crucial in shaping the future of aspiring individuals.

    The courses are being offered through the following institutions under the Shalom New Life banner:

    Shalom New Life College (For Bangalore City University Courses)

    Shalom New Life College of Health Sciences (For Rajiv Gandhi University of Health Sciences Courses)

    Shalom New Life School & College of Nursing (For GNM & BSc Nursing)

    Shalom New Life College stands as a beacon of guidance for students aspiring for GNM. The institution offers counseling in the fields of Psychology, Nutrition, Microbiology, and Biotechnology, providing a holistic perspective on the nursing profession.

    For detailed information and to commence the enrollment process, please contact:

    Human Bliss Charitable Trust 

    Dr. Avin Chandran

    Phone: +91 81971 84904, +91 9740255519

    Email: avinchandran@gmail.com

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  • SK Finance Achieves Staggering Financial Results: PAT Increases by 66% and AUM Grows by 50%

    SK Finance Achieves Staggering Financial Results: PAT Increases by 66% and AUM Grows by 50%

    New Delhi (India), August 10: SK Finance Limited, a leading Non-Banking Financial Company (NBFC) in India, has emerged triumphant with outstanding financial results for the period spanning from June 2022 to June 2023. Driven by a customer-first approach and fortified by over 28 years of financial expertise, SK Finance has achieved remarkable growth across key financial indicators, setting new benchmarks in the financial industry. The company looks forward to building upon this success and furthering its mission to provide inclusive financial solutions to individuals and businesses nationwide.

    Fostering Prosperity: A Stunning Surge in Asset Under Management (AUM)

    AUM represents the total value of assets managed by a financial institution on behalf of its customers, partners, and investors, and for SK Finance, this metric witnessed an outstanding growth of 50% from June 2022 to June 2023. The company’s AUM soared from ₹5303 crores to a substantial ₹7937 crores, underscoring its exceptional financial prowess and ability to provide reliable and comprehensive financial services. 

    SK Finance MD & CEO, Rajendra Setia says that “It has been an elated journey over the last 28+ years having a tremendous learning curve for the company. Started 1994 with a team of only five people, today the company is over 8,800 people strong. We have now become one of India’s most trusted financiers. I will forever be grateful to all our customers, partners and investors who have reposed their faith in us and to my wonderful team for their sheer hard work and dedication which has brought us here. We are here to break the barriers and climb newer heights everyday!”

    Empowering Financial Success: Momentous Increase in Profit After Tax (PAT)

    SK Finance exhibited robust financial performance, recording a noteworthy 66% increase in Profit After Tax (PAT), an increase from ₹37 crores in June 2022 to an impressive ₹61 crores in June 2023. Such a substantial increase in PAT indicates SK Finance’s effective cost management and revenue generation strategies during the mentioned period.

    Loan Disbursement Records a Significant Rise

    SK Finance continued its commitment to empowering dreams and aspirations by providing timely financial assistance. Over the course of the reporting period from June 2022 to June 2023, SK Finance demonstrated a significant increase in loan disbursements, providing a total of ₹1451 crores worth of loans. This notable growth of 22% compared to the previous year’s disbursement of ₹1194 crores in June 2022 shows SK Finance’s steadfast commitment to supporting businesses and individuals across various sectors. 

    SK Finance Products

    SK Finance demonstrates its commitment to offering straightforward and easily accessible financial solutions by presenting an extensive array of products designed to cater to diverse customer needs like Commercial Vehicle Loan, Car Loan, Tractor Loan, Construction Equipment Loan, Two-Wheeler Loan, MSME Loan, Home Renovation – Mortgage Loan 

    Top Awards

    In 2023, SK Finance was honored with significant accolades that reflect its exceptional contributions and achievements in the financial sector.

    ITOTY Award (Indian Tractor of The Year)

    Fastest Growing Tractor Financers SK Finance’s remarkable accomplishments are recognized through the prestigious ITOTY Award, specifically the Fastest Growing Tractor Financers category. This accolade underscores the company’s pivotal role in the agricultural sector by providing financing solutions for tractors, contributing to the growth of this vital industry.

    The Economic Times – Best Brands 2022 

    SK Finance’s commitment to providing comprehensive financial solutions with integrity and reliability has earned the title of The Economic Times Best Brands 2022 . This recognition highlights the company’s ability to resonate with customers and stakeholders, showcasing its dedication to building a trustworthy brand.

    Financial Inclusion Across India

    SK Finance’s unwavering commitment to financial inclusion has positioned the company as a true pioneer in empowering dreams and aspirations across India. With a robust presence through 458 branches strategically spread across 11 states and 1 Union Territory (Rajasthan, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh, Gujarat, Maharashtra, Delhi NCR, Uttar Pradesh, Chandigarh [UT]) SK Finance has become a catalyst for positive change in the lives of over 9 lakh customers.

    Through innovative and inclusive financial products, SK Finance has profoundly transformed lives. Budding entrepreneurs find support in establishing businesses, farmers secure vital agricultural equipment, individuals realize vehicular dreams, homeowners enhance their living spaces, and MSMEs gain momentum for growth. With each service, SK Finance contributes to the aspirations of a diverse populace, fostering prosperity and empowerment.

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  • Growth vs Value Investing – By Sidhavelayutham, Founder & CEO, Alice Blue

    Growth vs Value Investing – By Sidhavelayutham, Founder & CEO, Alice Blue

    Sidhavelayutham, Founder & CEO, Alice Blue

    Bangalore (Karnataka), August 9: For any investor, it is really a difficult decision to go for either value investing or growth investing. One may choose to go for either, but the goal for these two different schools of thought remains the same. The ultimate objective is to generate higher returns on the invested capital over a particular time horizon. On a global scale, value investing has been mostly a consistent winner since World War II (1939-1945 era). However, the underperformance has been visible from 2007 till 2020. In fact, in the context of the Indian stock market, the period from 2018 to 2020 belonged to growth stocks. 

    Growth stocks are high P/E stocks that deliver better EPS growth than the average industry or market EPS over time. Every investor wants to have a piece of the stock in which the company’s future growth potential is substantially higher than other players in the industry. Additionally, these stocks tend to perform exceptionally well in declining interest rate decisions made by the RBI as this bumps-up corporate earnings. However, one always runs the risk of facing huge capital erosion due to sudden negative news or results of the company. Hence, it is absolutely quintessential for any investor to understand how much of the impact is priced in the stock. Popular global investor Howard Marks stated, “Any asset is an excellent asset at the right price.”    

    Take, for example, Varun Beverages. If one analyzes the period from Dec 2017 to Dec 2022, the revenue of the company has grown from Rs. 4000 cr annual revenue to above Rs. 13000 cr in Dec 2022. That’s a huge jump of 229%. In fact, if you look at the bottom line, it was just 214 cr in Dec 2017, and now the figure has crossed `1500 cr in Dec 2022. It is a 7x jump. An era of significant growth, but what about the stock price? It was trading at around Rs. 100 in Dec 2017, the stock reached nearly Rs. 700 in Dec 2022 and is currently trading at Rs. 830. There is no stopping this growth-based multi-bagger stock. However, if there is any impact on its relationship with PepsiCo, the stock might just tank from its peak.   

    Value investing is the art of buying undervalued stocks trading at a lower valuation and selling it at the forecasted intrinsic value. The lower the P/E and P/B ratios for these stocks, the better it is for investors. Additionally, these stocks have a much higher dividend yield as compared to growth stocks and are relatively less volatile. The cash flow estimation is also highly reliable as compared to the growth stocks. 

    Now, if you look at Ircon International, a year back, the stock was trading at a P/E of 5.7x. Railways as a sector were underperforming over this time. However, conventional businesses like these, including power, started to outperform other sectors due to Govt’s focus on improving the railway infra of the nation. The stock is now trading at a P/E of 12.5x. Talking about the stock movement, it was around Rs. 40 in Sept 2022, and now it is above Rs. 100, along with a dividend yield of around 2.5%. That’s value investing, when you identify an undervalued stock and sell when it reaches its intrinsic value.  

    One needs to understand that no investing style works forever. It is the situation analysis that an investor needs to do before choosing one. It is always advisable to make a combination of both styles as it generates higher returns at lower risk with diversification benefits. The risk profile of the investor is also equally important to judge in this scenario. In fact, a stock can evolve over a period of time from a value stock to a growth stock and vice-versa. 

    For more information on Trading or investing in the stock markets, contact us or log into www.aliceblueonline.com

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  • Abhishek Goyal: The Entrepreneur Who Revolutionized India’s Finance Business Landscape

    Abhishek Goyal: The Entrepreneur Who Revolutionized India’s Finance Business Landscape

    Abhishek Goyal, the Founder of One Spot Realtor and Mastermind behind the successful growth of One Spot Realtors. He has Become a Financial Genius and a Role Model for India’s Youth. The company provides funding at lower interest rates to individuals and businesses who want to establish or rebuild their ventures. The company also offers business consultation services and has a team of experts who are committed to providing top-tier solutions. With hard work and determination, Mr Abhishek Goyal Has built the trust of thousands of Investors and Clients who are looking for funds for their successful business growth.

    Abhishek Goyal – One Spot realtors have seen ups and downs in the past in regard to business, but Mr goyal has managed to overcome all the odds in his way and come out more powerful in his business. He has always maintained the trust and Values of his clients for over a decade now. One spot realtors are a trustworthy finance company that can help you achieve your business goals. If yes, then you should consider One Spot Realtor Finance, the leading financial consultancy company in India. One Spot Realtor Finance is not just a finance company but a partner in your success. They will work with you closely to understand your business goals and challenges and provide you with customized solutions that suit your situation. They will also monitor your progress and provide you with feedback and support along the way.

    One Spot Realtor Finance is the finance company you can trust. Contact them now and see the difference they can make for your business. If you want to take your business to the next level, don’t hesitate to contact One Spot Realtor Finance today. You can visit their website, call them, or email them to get started. You can also follow them on social media to get the latest updates and testimonials from their satisfied clients.

    Abhishek Goyal The name is enough to be trusted to invest your valuable time and money In. Abhishek Ensures that the work of the clients is timely done with the best outcome. he personally monitors each and every client’s file so all of his clients are happy, and they can also suggest to other leads. Trusting Abhishek Goyal and one spot realtors is never disappointing. You will always have the best outcome and results.

    Also, One Spot Realtor Finance offers funding at lower interest rates than the market average, ranging from 4.85% to 6.75%. This means that you can save money on your repayments and invest more in your business growth. You can also benefit from flexible repayment terms and minimal documentation requirements. One Spot Realtor Finance has a team of experts who have years of experience and knowledge in the financial industry. They can help you with various aspects of your business.

    In terms of Trust, worthiness and values, you can always rely on one spot realtors and count on Mr Abhishek Goyal for your best business future. Abhishek is a man of values in his professional life, so you can be stress-free and contact One Spot realtor, as their team of experts are always just a call away. You can also visit their website http://www.onespotrealtorfinance.com/ 

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  • Greenfuel Energy Solutions partners with Ventrex, the global leader in electronic pressure regulation

    Greenfuel Energy Solutions partners with Ventrex, the global leader in electronic pressure regulation

    New Delhi (India), August 9: Greenfuel Energy Solutions, India’s leading provider of clean mobility solutions partners with VENTREX, a global leader in electronic pressure regulation for CNG, LNG, and H2. With a vision to become the most trusted and reliable provider of clean mobility solutions, Greenfuel has joined hands with VENTREX to supply advanced natural gas and green hydrogen solutions to the Indian market. Currently, Greenfuel is a prominent player in the alternative gas fuel system (CNG/LNG/H2) and controls over 35% market share in the CNG components space. 

    VENTREX, which is located in Graz, Steiermark, Austria and has partners working in Slovenia, China, and India to sell their products right around the globe. The company is looking forward to expanding and supplying its advanced natural gas and green hydrogen solutions to the Indian market and considers Greenfuel an ideal partner to work with. Key to a low-carbon future, natural gas, and hydrogen offer a quick and cost-effective way to fulfill emissions legislation requirements, including decarbonizing road transport and improving air quality in cities. They combust virtually particle-free and allow completely carbon-neutral mobility when generated from renewable sources.

    Ashok Chaudhary, President of Greenfuel Energy Solutions, said: “We are excited to partner with a global leader like VENTREX. By combining our expertise and resources, we can confidently cater to our Indian customers with the best quality clean mobility solutions. Today, VENTREX is the expert and the first port of call for developing and producing H2 valves and electronic pressure regulators for the heavy-duty segment. And together with our combined advanced technologies, we aim to reduce our carbon footprint and disrupt the Indian clean mobility solutions market.”

    VENTREX is a global leader in automotive valve solutions, designing and producing multiple types of valves and electronic pressure regulators for alternative powertrain systems and cooling circuits. With more than 800,000 electronic pressure regulators sold to European and Asian customers and building on its deep expertise and many years of serial production experience in the field of electronic pressure regulators for CNG and LNG, several years ago the company successfully began transferring this technology to the even more environmentally-friendly hydrogen applications.

    Speaking on the potential of the CNG & H2 components market, Patrick Pfeifer, Head of Sales at VENTREX said: “We still believe that CNG, and now also H2, are valuable technologies in support of a greener future. This is why in Europe we continue pushing these technologies in the heavy-duty segments, where most vehicles drive on Diesel. In India the situation is different and, in addition to the heavy-duty segment, we see big potential also with passenger cars. After more than two years of conversations, we believe Greenfuel – an established name in the CNG market – is the right partner to introduce our products to the Indian market. During this visit, we discussed how we can accelerate the transition to emission-free mobility in India together.”

    Greenfuel is dedicated to providing solutions that meet the goals of exponential technological advancement, development, and growth while being committed to the vision of a sustainable and green future. An established name in the CNG market, Greenfuel is one of the largest suppliers of automotive components to OEMs for vehicles that run on Alternative Gas Fuels across India. Now, with a vision to empower India’s e-Mobility drive, Greenfuel has also indigenously developed world-class Lithium-Ion Battery Packs, tested for rigorous Indian conditions while meeting the most meticulous standards of the global market.

    Established in October 2006 to propel the transition towards a green and sustainable future, Greenfuel embarked on the journey as a manufacturer of components and system solutions provider for Alternative Gas Fuel Systems to the automotive industry in India. An established name in the CNG market, it has diversified its services and product offerings to encompass Alternative Fuel Systems, Advanced Batteries, and Electronics. Technological advancement is the undercurrent of growth at Greenfuel, the organization has six patents to its credit, along with several other certifications and recognitions.

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  • KSB Limited registers 24.8% sales growth!

    KSB Limited registers 24.8% sales growth!

    Pune (Maharashtra) [India], August 9: KSB Limited, one of leading pumps and Valves manufacturer in India recorded a growth of 24.8% with a sales value of 10,809 Mio. INR on its half-yearly sales (Jan to Jun 2023) vis-à-vis 2022 (Jan to Jun 2022).

    -Sales increased by 24.8% compared to H1 2022

    -Q2 Order Intake at 6165 Mio INR growing by 26% over Q2 2022

    -Export business is seeing an upward trend

    -Zonal office Kolkata has shifted to a new location. New office was inaugurated on 10th July 2023  

    -Successful Implementation of warehouse management at all the plant

    -Commodity Prices are showing signs of stability

    -Received FM packager certificate for firefighting pumps

    -Significant growth in Solar business – Qualification in SECI (Solar Energy Corporation of India) tender

    -Strong Governance score of 70 and an overall ESG score of 56, as rated by CRISIL. This score is based on information available in public domain in 2022 before publishing Business Responsibility and Sustainability Report (BRSR) for the year ended 2022.  

    Business Highlights 

    (All amounts in INR million)

    Summarising the Q2’23 performance, Mr. Farrokh Bhathena, Vice President of Sales and Marketing, KSB Limited said, “KSB showcased remarkable performance and significant developments during the second quarter of 2023. We aim to maintain a strong performance in the rest of the year too, driven by a healthy Order Intake of 6165 Mio INR in Q2 2023. We remain optimistic about the demand situation as a consistent upward trend is seen in our export business, which will strengthen our position in the global market. Additionally, our Solar division has witnessed significant growth, propelling us toward a future focused on attaining sustainable solutions. We have also successfully implemented warehouse management across all our plants. These efforts will positively impact overall operational efficiency and profitability. As we move forward, KSB remains committed to excellence, sustainability and creating lasting value for all stakeholders.”

    KSB Limited Founded in 1960 in India is a part of KSB SE & Co KGaA., – one of the world’s leading suppliers of pumps, valves and systems. Combining innovative technology and excellent service to provide intelligent solutions, the company has been offering innovative and sturdy solutions to cater to the myriad needs of the Indian Customer may it be in power, oil, building services, process engineering, water treatment, water transport, etc. The activities of KSB’s in-house research centre focus on the areas of hydraulics, sealing technology, materials, production technology and automation.

    Today the KSB group has a presence on all the continents with its own sales and marketing companies, manufacturing facilities and service operations. More than 15,000 employees generate annual consolidated sales revenue of over Two billion Euros.

    Contact :

    KSB Limited, Mumbai-Pune Road, Pimpri, Pune 411 018.

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  • Cressanda Solutions Ltd Onboards Four New Directors

    Cressanda Solutions Ltd Onboards Four New Directors

    Mumbai (Maharashtra) [India] August 9: Cressanda Solutions Ltd, a prominent India-based company founded in 1985 and publicly listed on BSE, specializes in delivering cutting-edge Information Technology (IT), Digital Media, and IT-enabled services to esteemed projects within Indian Railways. It is with great pleasure that we announce the addition of Mr. Arun Kumar Tyagi, Mr. Chander Prakash Sharma, Mr. Vijay Solanki, and Mr. Rajkumar Dinesh Masalia to its Board of Directors, effective August 7th, 2023.

    Board of Directors appointment

    • Mr. Arun Kumar Tyagi has joined the company as Joint Managing Director and Executive Director
    • Mr. Chander Prakash Sharma has joined as Independent Director and Chairman of the company
    • Mr. Rajkumar Dinesh Masalia has assumed the role of Executive Director at the company
    • Mr. Vijay Solanki has joined as the Chief Technology Officer and Non-Executive Director

    Mr.  Arun Kumar Tyagi has joined Cressanda Solutions Limited as Joint Managing Director and Executive Director. He brings with him a wealth of experience in the Media and Entertainment Sector, with a proven track record of fortifying the companies top and bottom lines. With a career spanning over two decades, Mr.  Tyagi has exhibited a deep understanding of Marketing and Advertising, with notable achievements in Media – Sales, Buying, and Planning. His visionary approach and result-oriented mindset have led to the successful establishment of renowned brands such as 361 Degree Entertainment and Media Pvt. Ltd, Sunflower Marketing & Advertising and Whitelion Entertainment Pvt Ltd.  Having previously held positions at esteemed media conglomerates including Times Group, Jagran Prakashan, and Reliance ADA Group, Mr. Tyagi’s most recent role was with Reliance ADA Group.

    Prior to Reliance ADA group, he served Group M as Director CTG (Central Trading Group). In this capacity, he oversaw group Media Investments while concurrently serving as the Business Head for the Group Multiplex Chain, Big Cinemas.  Under the leadership of Mr. Arun Kumar Tyagi, Cressanda is poised to elevate its core business of Media and Advertisement, particularly in its partnership with Eastern Railways and Kolkata Metro. His extensive industry knowledge and leadership acumen are set to drive immense benefits for the company’s growth and development.

    Mr. Chander Prakash Sharma has joined Cressanda Solutions Limited in the capacity of Independent Director and Chairman of the company. With an illustrious background as a former Indian Government Executive, Mr. C.P. Sharma holds the esteemed title of having retired as Additional Secretary, Government of India. Notably, he has also served as an advisor for prominent entities such as UFLEX India and PAEDCO, a Japanese MNC, in a consulting capacity.

    Mr. Sharma’s exceptional career spans over three decades, during which he has amassed a diverse array of expertise. From Commercial Operations Management and Indian Railway projects to Client/Stakeholder Engagement, Business Analysis, and Policy Formation, his repertoire is extensive and impressive. Having dedicated thirty years of service to Indian Railways, his invaluable experience and insights promise to make a substantial impact on Cressanda’s ongoing Railway project. As an astute leader, Mr. Sharma’s strategic vision aligns seamlessly with Cressanda’s objectives, poised to drive growth and innovation. His contributions are set to propel the company’s journey forward, drawing upon his seasoned wisdom and comprehensive industry knowledge.

    Mr. Rajkumar Dinesh Masalia has assumed the role of Executive Director at Cressanda Solutions Limited. With an extensive career spanning over three decades, he stands as a seasoned professional in the domains of Financial Planning and Accounting. His wealth of experience in financial matters adds significant value, especially during this pivotal phase of the company’s growth trajectory. Mr. Masalia’s profound financial acumen arrives at a crucial juncture, aligning perfectly with the company’s expansion endeavours. His track record, adorned with successful financial advisory across various situations, promises to elevate the company’s decision-making processes and augment its overall value proposition. As Cressanda Solutions Limited propels forward, Mr. Masalia’s expertise is poised to play a pivotal role in shaping the company’s financial landscape and contributing to its continued success.

    Mr. Vijay Solanki has embarked on a new journey as the Chief Technology Officer (CTO) and Non-Executive Director of Cressanda Solutions Limited. Holding a degree in Electronics Engineering, Mr. Solanki brings with him a wealth of experience in cutting-edge technology, particularly in the realm of Transit Media, which enables live TV reception in moving trains. With an impressive track record spanning over three decades, he has been a key player in providing IT-enabled services to both Indian Railways and the Indian Army. Mr. Solanki’s expertise lies in the design and planning of networks, wireless systems, LANs, and WANs. His proficiency and in-depth knowledge contribute significantly to the Railway projects that Cressanda Solutions Limited is currently focused on. With his extensive background and technical acumen, Mr. Solanki’s presence as the CTO and Non-Executive Director is set to bring substantial advancements to Cressanda’s technological endeavours, reinforcing the company’s commitment to innovation and excellence.

    With the addition of four new directors, Cressanda Solutions Limited has embarked on an exciting transformative journey aimed at innovation, expansion, and seamless integration of its technology portfolio. This strategic evolution enables the company to effectively cater to broader organizational prospects. These service contracts are anticipated to yield substantial long-term profits, while also fostering significant positive societal change. In pursuit of successful execution of turnkey projects, the company’s new iteration has forged partnerships with industry-leading collaborators and has assembled a team of highly skilled professionals boasting extensive domain knowledge. Over the past year, as a result of significant acquisitions, Cressanda Solutions has extended its horizons, positioning itself to become a major player in the corporate landscape with its innovative approach. Moreover, the company has taken steps to broaden its influence by establishing multiple fully owned subsidiaries.

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  • Diamond Park, Lohegaon Launches New Restaurant, Copa De Colina

    Diamond Park, Lohegaon Launches New Restaurant, Copa De Colina

    Pune (Maharashtra) [India], August 9: Diamond Parks, Lohegaon, Pune’s iconic water park, has launched a new hill-top restaurant & Bar, Copa De Colina (CDC), in their park. This hill-top restaurant & bar is uniquely placed like an island in between huge blue pools and a lush-green ambience. It definitely puts you in a Goa state of mind. 

    “Sometimes all we need is a little bit of peace with our loved ones, sometimes to forget about the world and find peace with ourselves. We offer an environment that puts you in a Goa state of mind. 15 min from Pune Airport, we are in Pune City Limits yet far away from all the hustle and bustle of the city centres. Team Copa De Colina is set out on a mission to deliver awesome multi-cuisine food tailored to match the Puneri taste buds, reasonably priced drinks and an ambience that nobody else can offer. The entire mix of food, ambience, music, and service are all aimed to elevate the guest’s dining experience and make you comfortable enough to make it your regular place”, says Arjun Indulkar (MD, Diamond Parks).

    The menu at Copa De Colina has been curated over time with the inputs on the requirements of their guests. On visiting, we witnessed multiple families and groups chowing down their Veg Kolhapuri’s, Paneer Butter Masalas, Chicken Butter Masala, Naans and Biryanis. It was evident from their expressions that they were all on cloud 9 after enjoying their meals. However, don’t make the mistake of assuming that this place is only a restaurant as the bar offers reasonably priced drinks and exciting offers during happy hours, best paired with some of their tikka’s and starters. Author’s Tip,” If you are nice to the waiters, they will arrange sizzlers for you from their sister restaurant Jungle Sizzlers and trust me they will take you back to old Pune Sizzler Days.” 

    What adds value to an outing to Copa De Colina is the fact that it is in Diamond Parks so you have access to the adventure park activities and ‘Hop A Little’ kids play zone, as pay-as-you-go. And don’t worry, you don’t require an entry ticket after 05:30 pm. 

    Don’t hesitate to contact them for Birthday Parties, Kitty Parties, Get Togethers or family outings, corporate outbounds, team outings etc. Their teams are full of energy that will work out packages that will deliver your desires.

    About Diamond Parks, Lohegaon

    With more than two decades of history, Diamond Parks, Lohegaon, is a beloved day-out destination for Punekars. The water park was originally known as Splash Mountain and has since been updated with a variety of new features and attractions. The park has evolved over 22 years of operation and is no longer only a waterpark. Now they also offer an Adventure Park, ‘Hop a Little’ Kids play zone, camping, farm stays, banquets and much more.

    The Diamond Park experience provides patrons with the opportunity to explore the great outdoors and enjoy a variety of fun activities. Camping is available for those who want to spend the night under the stars, and there are also a variety of adventure activities to enjoy along with Hop a Little for kids and multiple restaurants for foodies.

    Book your visit today or walk in any day! The Diamond Experience is always awesome!

    P.S: Don’t Miss The Sunsets

    For more information, visit us at https://www.diamondparks.com/home

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  • Daikoku Innovations: Paving India’s Rise in Electronic Product Development

    Daikoku Innovations: Paving India’s Rise in Electronic Product Development

    New Delhi (India), August 8: When it comes to technology, the world knows that India is strong in IT (Information Technology). When travelling to major cities around the world, locals often mention India’s strength in the IT industry, specifically mentioning the abundance of software engineers. 

    Yes, India is a global power-house when it comes to IT, but where does India lie when it comes to electronics product development? Is India technologically secure with being just an IT giant? These thoughts laid the foundation of Daikoku Innovations. 

    Daikoku’s foundation was laid by technologists coming from product development, embedded and semiconductors backgrounds. This enabled Daikoku to position itself as an end-to-end product development company. Daikoku could very well have selected a market and a product to become a full-fledged product company, but the conscious decision was to build products across segments within Daikoku’s core competencies and enable product 

    companies in India and around the globe. The founding team could clearly see how China and Taiwan had a rich ODM (Original Design Manufacturer) culture, which India lacked. For India to become a global hardware giant, the foundations of the ODM ecosystem must be laid and fostered. Daikoku is one of the building blocks of the ODM culture that India and the worldwide market need. The “China Plus One” strategy suggests that Indian ODMs are a viable solution. The growth of ODM culture coupled with strong EMS (Electronics Manufacturing Services) will build a resilient, future-ready and global hardware embedded ecosystem in India. Daikoku is in line to be that deep tech ODM-enabling product companies across the globe.

    Daikoku is headquartered in Bangalore with two offices and working to set up a US presence in the coming months. Deep tech product development is being done in the Communication, Industrial, Medtech and Consumer domains across India, the US, Europe and Singapore. 

    Products like drone avionics, medical wearables, FTTH (fibre-to-the-home) equipment, System on Module (SoM), ML-based sorting algorithm, smart energy equipment, Industry 4.0-based devices etc., are under development or have been successfully delivered to the customers.

    Sanket Bandyopadhyay, Co-Founder and Vice President of Daikoku Innovations, states that “Daikoku is preparing to emerge as one of the leading ODMs in India. Their goal is to facilitate both new and established product companies in transforming concepts into reality and achieving mass production. They aim to establish a reputation as a dependable, innovative, and high-quality partner for product development.” 

    “Our engineers are guided by the decades of experience of our founding team to develop high-quality electronic products within strict timelines, ensuring both quality and timely delivery to the market,” explains Sudarshan N.S., Founder and President of Daikoku Innovations.

    Daikoku’s philosophy is to get India the pole position in the electronic product development space so that India can be technologically secure with IT and hardware running hand in hand. Daikoku believes that India’s decade has arrived.”

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