Tag: Business

Pioneer embrodries Ltd plant at Himachal Pradesh

Fund-based Working Capital Limits of Rs. 20.00 crore; Rating IND BBB/Stable/ IND A3+

Non fund-based Working Capital Limits of Rs 1.33 crore: Rating IND A3+

Term Loan facilities of Rs. 9.54 crore; Rating IND BBB/Stable

Mumbai (Maharashtra) [India], May 2: India Ratings has assigned a Long Term Issuer Rating of IND BBB, with a Stable Outlook, to Pioneer Embroideries Limited (PEL). IND BBB/Stable rating reflects moderate safety and moderate credit risk. This marks the reinstatement of an Investment Grade Rating for the Company after a long gap. PEL has a presence in two business verticals, namely, Specialised Polyester Filament Yarn (SPFY), where it owns the brand “SILKOLITE” and Embroidered and Laces (E&L), which also includes the iconic “HAKOBA” brand.

The new rating is for debt facilities amounting to Rs. 30.87 crores and exhibits a more robust credit profile as against the current credit rating of CARE BB+. India Ratings noted the improvement in the operational and financial performance of the Company for FY22. The agency expects the credit metrics to remain stable in the near term.

Commenting on the rating upgrade, Mr Deepak Sipani, CFO, Pioneer Embroideries Limited, said, “The Long Term Issuer Rating of BBB/ Stable for us is a result of a steadily-improving operational performance and deleveraging efforts undertaken in recent years. PEL has successfully navigated the tough period, including the pandemic, and is now set to further improve its revenues and profitability with the planned capacity expansion in value-added products.”

Established in 1991 by Mr Raj Kumar Sekhani, Pioneer Embroideries Limited (“PEL”) is one of India’s notable manufacturers and exporters of value-added Specialized Polyester Filament Yarn and Embroidery & Laces. It has a state-of-the-art SPFY manufacturing facility in Himachal Pradesh and three Embroidery & Laces manufacturing facilities in Gujarat, Dadra & Nagar Haveli and Tamil Nadu.

PEL has carved a permanent niche in the SPFY business worldwide within a few years, with best-in-class quality under the SILKOLITE brand. PEL has a yarn capacity of about 18,000 MT pa, which is being expanded to 26,000 MT pa. PEL’s products find application mainly in the non-apparel segment, used in carpets, bath mats, upholstery fabrics, and curtains. Thus, PEL is one of the first textile companies to create a brand in a highly commoditized yarn business.

PEL has a capacity of around 14 mm meters for laces and about 1,700 mn stitches of embroidery. PEL’s products enjoy a premium in the marketplace because of better quality, design, and capacity. Owners of the heritage brand – Hakoba – PEL have added strength to the brand by building upon an extensive library of embroidery designs, making Hakoba synonymous with high-quality embroidery across the world. At present, the Company has three embroidery and lace manufacturing facilities at – Coimbatore (Tamil Naidu), Naroli (UT DN & H) and Sarigam (Gujarat), along with a comprehensive marketing presence in all the major markets. Its Coimbatore facility is certified as per GOTS (Global Organic Textile Standard), an internationally recognized standard.

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New Delhi (India), May 2: HiDoc Dr., the number one doctor networking and medical learning platform in India, now spreads its operations internationally. The portal, www.hidocdr.com, launched in late April this year, aims to cater to healthcare professionals in the United States of America, Canada, Australia, and New Zealand.

HiDoc Dr. provides valuable information to its network doctors through multiple features such as social networks, case presentations, content aggregator, disease databases, drug databases, drug interactions, news summaries, article summaries, various quizzes, and incentive-based surveys.

Currently, technical information is available to doctors in a paid format. “On average, a doctor spends USD 200 to 300 yearly on subscriptions for such content,” observes Varun Gadia, COO, HiDoc Dr. “We endeavor to break this norm by providing this information to our network doctors for free. We have tied up with multiple medical content license partners to achieve the same” he adds. The company caters to Doctors across 25+ Specializations and plans to include features for Dentists and Paramedics.

HiDoc Dr. is looking to onboard 1.5 million doctors in the U.S. and 10 million doctors globally in the next 24 months. The company also plans to launch cross-border second opinions, a clinical trial search database, a learning database of 1000+ medical courses, and an AI-driven platform for second opinions on X-ray and ECG reports.

As HiDoc Dr. stirs the medical fraternity into a well-connected, innovative, and robust direction, it welcomes doctors worldwide to be a part of this transformation. Visit Hidoc Dr. on www.hidocdr.com and experience the metamorphosis.

Established in 2017 by Dr. Rajesh Gadia, a renowned Indian physician, HiDoc Dr. intents to excel in quality education among doctors across all specializations. It is an AI-based medical learning app for doctors and provides evidence-based medical second opinions within 15 minutes. The platform also provides its members access to more than a million medical cases, 30,000+ medical journals, learning series, medical calculations, conferences, and quizzes.

For more information, visit www.hidocdr.com

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– 262 Traders participated in the Live Trading and Learned strategies from 12 stock market honchos

Mumbai (Maharashtra) [India], May 2: Elearnmarkets, India’s largest financial education platform, along with the fintech app StockEdge, successfully conducted the first edition of Face2Face Mega Trading Conclave in Goa from 26 to 29 April 2022. There was Live trading sessions where both experts and participants transacted actively and made good profit. They saw practical application of gained knowledge during the sessions.

This 3-day Mega Trading Conclave consisted of many learning sessions for attendees. StockEdge also launched many cutting-edge features including transactions from its app. Now all StockEdge users will be able to place the order directly from the app with their respective brokers including Zerodha, Kotak Securities, Groww and more.

At the event veteran trader Asit Baran Pati conducted a session on Options Buying Strategies with the help of different trading indicators and Vishal Malkan gave tips on Short-term trading using technical patterns. Vivek Bajaj and Pramal Parekh also discussed Swing trading Strategies using Relative Strength.

Famous Options Scalper Sivakumar Jayachandran showcased participants how to make money in Options trading using 2-Candle Theory. To educate participants about the market structure renowned personality Piyush Chaudhry took a session on multi-Asset trading and Kunal Saraogi trained about the Trading with Volume Aberrations.

The Live Trading session on the last day of the conclave under, Vijay Thakare, Sivakumar Jayachandran, Asit Baran Pati, Chetan Panchamia, Vishal Malkan and Kunal Saraogi gave a platform to the attendees to apply the strategies they learnt in the last 2 days and helped them book good profits.

Mr. Vivek Bajaj, Co-founder, StockEdge and Elearnmarkets while talking about the success of his brainchild affirmed, “Financial literacy has been very low in India and since beginning that is our motto to make our user skilled with market trends to further all financial investment. We are really overwhelmed to see the participation and learning session participants attended. We found Conclave a right platform to launch the Trade feature at StockEdge. Trading during live markets gave the participant exposure to managing the trade in terms of position sizing, psychology, and risk management. With this success we are more committed to bring such offline and line events for the investors to skill them for investment ready”

With the success of its first edition Face2Face mega trading conclave is expected to become one of the most prestigious HubSpot in India for stock market participants.

Elearnmarkets (ELM) founded in 2014 is a financial market training platform with over 2 million registered users available both on web and mobile. The platform has on boarded over 150 market experts who are training users on various aspects of stock markets and related fields such as Commodities, Currency, Mutual Fund, Insurance, Financial Planning and Wealth Management, etc. The EdTech platform offers more than 200 career-oriented online courses, many of which provide the students with a joint certification from renowned industry bodies like NSE Academy, NCDEX and MCX. It also regularly conducts boot camps, workshops, and webinars on various financial topics, which are conducted by market experts and celebrity stock market trainers. Their expert-led recorded and live online finance courses are available in English, Hindi, Bengali, Tamil, Telugu, Marathi and Gujarati.With more than 6 million page views/month, Elearnmarkets is available on multiple platforms.

StockEdge, the FinTech app of Elearnmarkets was founded in 2016 is one of India’s best and most trusted Stock market research and analytics applications. It has over 3 million app downloads and is one of the most highly rated apps on Play Store with 4.4/5 rating.

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Chennai (Tamil Nadu) [India], May 2: Wild Creek Web Studio is a digital marketing agency that is helping brands consolidate their online presence. It is an ROI-focused digital marketing agency that helps bring various online services under a single umbrella. With their client-first approach and measurable business results, they are proving to be the pioneers of the industry.

Companies now realize that digital marketing has become an integral part of their business. They are aware of its potential to positively impact their business, which has them turning to new-age digital marketing agencies laced with innovative and creative ideas. Wild Creek Web Studio is one such agency that is helping brands drive more leads, traffic, and conversions- choosing from custom engagement plans and models.

In their close to two decades of existence, they have served well over 100 clients and helped them draw five times more leads and increase seo traffic. They provide a complete 360-degree digital solution for brands, right from consulting to building their digital identity. Their holistic approach to internet marketing has helped them create memorable digital stories for their clients.

Digital marketing is a space that is constantly changing; what’s relevant today won’t be two years from now. To continuously excel in this field, it is essential to have a hunger for learning and keep updating yourself with the changing times. Wild Creek Web Studio has done this exceptionally well, which is the reason for their success rate.

They help any brand looking to consolidate its digital identity, irrespective of its size. They simplify the whole process to ensure a startup with no digital background can reap the benefits of the results. For more established brands, they create strategies to increase their digital visibility that eventually lead to better conversion rates.

The person at the helm of affairs is Praveen Kumar, the founder, and CEO of Wild Creek Web Studio. His successful stints in solving various pain points of businesses over the years have established him as one of the leading digital strategists in the country. He is a visiting faculty of the subject in a top B school in Chennai. He’s also a Digital Marketing Mentor on UpGrad, India’s largest online professional education company.

Praveen and his team are now looking to make giant strides in the industry by making Wild Creek Web Studio, the go-to digital marketing agency in the country. If their track record of successful collaborations and the recognitions received are anything to go by, they are on the right path.

To know more about them or consult them for their services, follow this space- www.wildcreekstudio.com

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Mumbai (Maharashtra) [India], May 2: Thermo Fisher Scientific today celebrated the inauguration of its new R&D and Engineering facility – India Engineering Center (IEC) – by Hon. Minister for Industries and Commerce, Government of Telangana Shri K.T. Rama Rao. The newly expanded India Engineering Center (IEC) is part of Thermo Fisher’s R&D Center of Excellence in India and will bring an additional 140 new jobs to the region.

Thermo Fisher Scientific invests more than $1.4 billion annually in R&D. The R&D team is led by exceptional colleagues including scientists and engineers ​​​across more than 100 locations with a passion for innovative ideas and groundbreaking discoveries.

Thermo Fisher’s IEC is a world-class research and development center and will employ over 450 diversely talented engineers and vendor partners. The center at Hyderabad is a 42,000 sq. ft facility that includes the engineering labs and will support new product development and product sustenance for laboratory and analytical solutions for Thermo Fisher’s global sites. In addition, the facility will also attract top talent and open employment opportunities in the Telangana state. This facility will have the required infrastructure to design & develop instruments, perform product reliability performance testing and verification, as well as validation of products.

During the inauguration, Shri K.T. Rama Rao, Minister Industries and Commerce, Government of Telangana said, “Over the years the state of Telangana has been recognized as the leading hub for life sciences not just in India but in Asia as well, presenting unlimited opportunities and highlighting the region as a preferred destination for investment and expansion. We have made sure that we have a skilled workforce, favourable policies, and best-in-class infrastructure to help company’s setup facilities that meet global standards. Today’s inauguration of Thermo Fisher Scientific’s India Engineering Centre is a testament to the overall ecosystem for life sciences in Telangana and the pro-business policies of the Government, which attracts global players to Hyderabad. With the annual planned R&D investment of approx. USD 15 million, I am also happy to learn that this facility will create employment of over 450 people, throughout the value chain.”

“Hyderabad city is a hotspot for talent acquisition, home to world-renowned R&D institutes, and is one of India’s fastest-growing engineering, life sciences and IT knowledge hubs. The expansion of the facility is a testament to Thermo Fisher’s unwavering commitment to supporting change by accelerating innovation, improving time to market for new products,” said Tony Acciarito, President, Asia Pacific & Japan, Thermo Fisher Scientific.

Speaking on the expansion of the facility, Amit Chopra, Managing Director, India and South Asia, Thermo Fisher Scientific, said, “The new infrastructure at Hyderabad is uniquely placed to drive technological advances and excellence in developing new products and solutions that strengthen our offering and leadership position in the research, industrial and clinical market. It is an extension of Thermo Fisher’s philosophy that believes in leveraging our world-class infrastructure, scientific knowledge, expertise, and talent ecosystem to build intelligent solutions that have meaningful impact as we continue to work towards fulfilling our Mission, which is to enable our customers to make the world healthier, cleaner and safer.”

“Our Thermo Fisher Scientific India Engineering Center offers design expertise that enables growth of our business and delivers innovative products and technology to our customers.  The IEC supports multiple business, products and processes with an extremely talented team model that is both scalable and flexible based on the specific business need. This investment is a testimony of our commitment to the IEC, their technology platforms, innovations and people,” said Michael Meguiar, Vice President, Operations, Laboratory Equipment, Thermo Fisher.

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenues of approximately $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner, and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon and PPD. For more information, please visit www.thermofisher.com.

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New Delhi (India), April 28: Radhika Jeweltech Ltd.(RJL) is a retail jeweller dealing in gold and diamond-studded jewellery, operating through a retail store in the western Indian city of Rajkot in Gujarat. With 35 years’ rich experience in gold and jewellery entrepreneurship, the promoters of RJL have in-depth knowledge of the industry as well as the local jewellery market of Rajkot. With operational presence for over 3 decades, the name Radhika has considerable goodwill with customers. RJL’s 2,500 sqft showroom in the heart of Rajkot’s jewellery market attracts footfalls of over 200 customers a day on average. Rajkot is the primary socioeconomic urban centre of the Saurashtra region and a major one in the state of Gujarat. Going forward, rapid urbanisation, expanding working-age population, growing economic opportunities, and rising disposable income along with the tradition of buying/investing in gold will drive demand for jewellery.

Khambatta Securities’ Outlook: Khambatta Securities is bullish on Radhika Jeweltech Ltd and has Recommended Buy Rating with a Target price of Rs.303 in its recent Report. The RJL stock currently trades at an attractive forward P/E of 5.8x FY24E EPS. Assigning a target multiple of 10.0x FY24E EPS, Khambatta Securities, valuation generates a price target of Rs 303, informing an upside potential of 71%.

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New Delhi (India), April 30: Thanks to the efforts of technology, digital businesses worldwide are experiencing a positive turn in operations. The world is rapidly shifting from traditional businesses to digital, including the mass adoption of the digital ways of buying goods and services.

Blockchain technology has also played a crucial role in this evolution by providing the infrastructure to develop cryptocurrencies and payment platforms that have improved cross-border transactions.

Transforming the Hyperlocal ‘On Demand’ Community businesses with $AANA –

Cellula is an all-in-one hyperlocal digital asset ecosystem which lets the everyday user enter the space quickly and implement cryptocurrency in their businesses and day-to-day life. The pandemic has created a means for merchants and business owners to connect with buyers through online marketing digital payments. Additionally, cryptocurrency adoption is widespread, and business owners collaborate with payment platforms to ensure that consumers can pay using digital currencies.

Cellula is a platform for everyone, including individuals, businesses, gated communities and service providers. Cellula provides an innovative payment method through its in App Cryptocurrency $AANA. $ AANA is a proof of stake based secure coin built on a bitcoin smart chain. Upon downloading the Cellula app from Android and iOS platforms, users get a crypto wallet and a public crypto key. Users can purchase Crypto coins and can use them for all the transactions within the ecosystem and as well will be able to trade $AANA at exchanges.

To enhance the adaptability of the platform and increase its outreach Cellula has announced its first Airdrop Campaign from 2nd May 2022 to 15th June 2022. Cellula will drop a 25 million $AANA Coins to its registered users during this period. Furthermore, Cellula is launching its first bounty programme from 15th May 2022 to 30th June 2022, during this period, an additional 50 Million $AANA coins will be distributed to its users upon completing a few tasks.

Earning of these campaigns can be utilised for in-app purchases, on crypto exchanges or in future Cellula Metaverse.

More developments on the horizon

Cellula recently initiated its development of a hyperlocal Metaverse where users can have more immersive experiences by using 3D technology and augmented reality. “Decentralisation of eCommerce and digital payments are at a crucial point”, Says Dr Manish Harsh, CEO & Founder of Cellula, “Web 3.0, freedom of choices and Data privacy are the future and with $ AANA in built-in Cellula, we are addressing this in a simplified and integrated manner.

Cellula Metaverse will further strengthen our capabilities and will bring better experience and autonomy for our users.

Founder CEO Dr. Manish Harsh  Website: www.thecellula.com

www.aanasecurecoin.com

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30th April 2022, New Delhi: Centurion University of Technology and Management (enacted in Odisha and AP), organized an event at New Delhi on 28^th April 2022, titled “Future Nexus – Developing Skills for Industry 4.0”, that was graced by the Honorable Minister of State for External Affairs, Dr. Rajkumar Ranjan Singh.

This event was organized keeping the objectives of India’s recently announced New Education Policy (NEP) in mind. The NEP emphasizes on continuous lifelong learning, multiple entries / exits and vocationalising higher education with skill integration. With such an educational model, and armed with its cost effective degrees and focus on skill integration, India is reaching out internationally – specifically to its African friends. Similarities in their development economic backgrounds makes the Indian education environment socially and contextually more relevant to Africa.

The Honorable Minister in his speech touched upon the NEP which is expected to spur innovative out-of-box thinking, thereby generating successful startups and economic nation building. He spoke about innovation startups, research orientation and India being a cost effective educational destination for students from the developed and underdeveloped countries, especially from the African continent. The Honorable Minister praised Centurion University for its attempt to promote skill based education, production and innovation and appreciated the efforts of the University to remain responsible towards society. He ended his speech by wishing the University well and hoped that all the African representatives would be benefited immensely by this workshop.

Honorable Minister of State for External Affairs, Dr. Rajkumar Ranjan Singh said, “Old educational paradigms must be reviewed with a future perspective in order to keep up with the present. Students should be able to acquire the skills that fast changing technology requires; they should be guided rather than instructed, and knowledge should be made available rather than fed to them. Education 4.0 is a learning technique that is connected with the fourth industrial revolution and focuses on using modern technology and automation to improve the future of education. I’m delighted Centurion University of Technology and Management is equipping today’s youth with the tools they need to contribute to a more multifaceted society in which everyone does their part well, resulting in a self-sustaining educational model.”

Centurion University is an ideal model for the NEP in practice. It is India’s premier skill university and well known for its skill integrated higher education and is also an accredited Center of Excellence of the Ministry of Skill Development, Government of India.

The University already has international students from 8 African countries and has a marine engineering program with ultra-modern facilities, where Nigeria is sponsoring students. Their skill and industry integrated education would be extremely relevant for many African nations and the University wishes to invite more foreign students from Africa.

The emergence of Industry 4.0, also referred to as the fourth industrial revolution, has transformed the manner in which industry and business evolve and function. Despite the worldwide recognition and realization of Industry 4.0, its holistic adoption is constrained by the requirements of specific skills among the workforce. Centurion University has laid the foundation for future talent and trends in society, and has adapted and modernized the existing programs, facilities and infrastructure into its education process, thereby having the cutting edge over other universities / education imparters. This sets the University apart and meets the requirement of Africa’s young population and the needs of their economies.

Centurion University is a notified Skill University with a track record of skilling and training 200,000+ youth from difficult geographies, marginalized communities and differently abled youth. The model of teaching-training-production-productivity has been privy to numerous accolades nationally and internationally. The University has been innovative and imaginative and creative this approach to deliver various skill training, vocational education and skill integrated higher education complying with the NSQF of Government of India.

This model has been recognized by multiple Governments (Central and State), International Organizations such as UNESCO and the World Bank as well as Policy Think-tanks such as Niti Ayog. Recently, Centurion University’s School of Vocational Education and Training was recognized as a Center of Excellence by the Ministry of Skill Development and Entrepreneurship, Government of India. It is the only University in India to be recognized as such. From inception, Centurion University’s DNA has been “Shaping lives and empowering communities”. The University is redefining the learning platform through Skill integrated, domain linked, teaching and learning, Industry and community partnerships, creating and co-creating enterprises and promoting an eco-system approach which includes community, enterprise, industry and educational institutes.

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Mr. Sidhavelayutham M., Founder & CEO, Alice Blue

Over 20 % YoY increase in Gold Trading and investments witnessed in FY 2021

New Delhi, April 30: Alice Blue has seen a significant increase in Gold Trade among its investors during FY 2021 over the previous FY. The company has witnessed a cumulative growth of over 20% in Gold Trade from its customer base, who have been actively investing and trading in Gold Futures and Gold ETFs (Exchange Traded Funds). It has been primarily influenced by the steady increase in Gold prices in the Country and its high liquidity.

In the markets, Gold trading is typically done through futures, options, and exchange-traded funds (ETFs). Gold is a highly traded contract on the MCX (Multi Commodity Exchange) as it has very high liquidity, with daily trading averaging over 15,000 contracts for over 4500 Crore in Rupees in the Big Gold Category alone. Apart from that, Gold is also traded in different forms such as Gold Mini, Gold Guinea, and Gold Petal.

Mr. Sidhavelayutham M., the Founder & CEO, Alice Blue, said, “over the last year, we have been seeing a Quarter on quarter growth in Gold trade, leading us to a record 20% growth in cumulative number for FY 2021 over FY 2020. We are witnessing a trend where customers are opting for Gold Bonds over Physical purchase of the precious metal making it a convenient & safe instrument to hold.”

Alice Blue offers online products such as Trade School and ANT IQ. These platforms offer educational courses and webinars on trading & investment by India’s top stock market investors and educators. For beginners, ANT-IQ educates customers through insightful articles and blogs on how to get started in the Stock Market. These learning tools along with new product offerings have been strong motivators for new customer acquisitions.”

Alice Blue also offers a sophisticated marketplace for trading products called Trade Store. The first of its kind marketplace helps the customers with Automating the Trades with Zero Coding Knowledge, trading and Investment tips, and Investment in Mutual Funds at Zero Brokerage Fees. Additionally, for ease of investing, the company offers customers a chance to invest in IPOs through easy UPI transactions.

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April 30: Natural Extract and dietary supplement manufacturing company Sunpure Extracts Pvt Ltd has launched nutrition supplement AshwaBoost^®. AshwaBoost^® consists of clinically tested Ashwagandha 5% and recommended in Ayurvedic text and scriptures. It is launched under the flagship Brand SUNPURE.

This new product is designed to suit modern lifestyles, especially for the busy young millennials, this nutrition supplement is all set to further strengthen Sunpure’s nutrition portfolio. Understanding the busy lifestyles of the millennials today, Sunpure Research Incubation Centre (SRIC) has formulated the on-the-go nutrition solutions to meet their everyday nutrition needs.

Amit Srivastava, GM, SEPL India, said, “The launch of this AshwaBoost^® is a defining moment in the evolution of the brand Sunpure. We aim to amplify the use of supplements in maintaining a healthy life with the efficacious and convenient nutritional product which are designed to meet nutritional requirements of all age groups”.

Today, with the youth spending time mostly indoors it becomes vital to address the need to maintain immunity and health. Understanding this need, we have so far introduced AshwaBoost^® containing essential nutrients to benefit the targeted conditions. The product is specially designed to complement today’s fast-paced lifestyles of the young millennials and working professionals. The launch of AshwaBoost^® puts impetus to our focus in the areas of personalized and simplified nutrition.

“The food systems in many countries do not offer adequate nutrient outputs to fulfill health and nutritional needs. Nearly half of the world’s population is malnourished. Micronutrient malnutrition also referred to as ‘hidden hunger’ now afflicts more than 35% of the world’s population,” said Saurabh Sharma (VP – Sales and Marketing) who has been working in food sector for over 2 decades.

Sunpure has natural Extracts production facility in Sikandrabad, Bulandshahr and they are exporting natural ingredients to over 20 countries, Sunpure has globally known B2B brands like CurcuBoost^®, SPIRUproteen^®, BOSWpure^®, WKB20K^® and NutraPure^®. They have successfully filed 11 US DMFs for range of extracts. AshwaBoost is available on TATA 1mg, Flipkart, Amazon and my upchaar platforms.

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