Tag: press-release

Chennai (Tamil Nadu) [India], August 22: Sterling Holiday Resorts, India’s foremost hospitality brand, has unveiled ‘Navarasa’ – Intimate Weddings by Sterling. This meticulously crafted initiative aims to enhance destination wedding experiences nationwide, offering the option to reserve the entire resort exclusively for your cherished day.

As the name signifies, ‘Navarasa’ embodies the essence of fundamental human emotions – laughter and celebration, bitter-sweetness, wonder, peace, and above all, love – seamlessly woven into the fabric of a wedding journey. This innovative concept offers guests a gamut of Sterling’s award-winning resorts in the backdrop of hills, beaches, waterfront, tropical, heritage, and drive-to destinations. With a wide selection of properties in its basket, Sterling presents ‘Navarasa’ for both wedding and wedding-related events, such as pre-event shoots, bachelor/bachelorette parties, engagement/ring ceremony, sangeet, wedding ceremony, honeymoon stays, post-event excursion, anniversaries or even to pop the question!

Apart from enchanting destinations to choose from, ‘Navarasa’ ensures a tailor-made selection of services for couples looking for their once-in-a-lifetime event. Choicest of gourmet specials to thematic presentations and décor, organising traditional and customary rituals, live streaming of wedding ceremony, pick-up and drop services for guests, and a host of bridal services, including therapeutic treatments at the signature Subuthi Spa, etc. With a dedicated manager overseeing the arrangements, every tiny detail from the planning stage to the wedding day rituals will be taken care of, giving the families the opportunity to enjoy the event stress-free and create everlasting memories.

“Whether you prefer an Exclusive Wedding, where you take the entire resort to yourself,  or an Intimate Wedding with just a select group of near and dear, or a Large Wedding, with a huge entourage of friends and relatives, with different venues for multiple ceremonies; with our dedicated team and varied offerings, we are poised to make each celebration extraordinary, reflecting the distinct essence of Indian weddings” stated Harinath M, Sr Vice President– Marketing, Sterling Holiday Resorts Ltd, expressing enthusiasm on the launch of ‘Navarasa’.

Some of the other entertainment options for guests also includes orchestrating unique activities in and around the resort eg: a Bride & Groom cricket match or an exhilarating lawn game, to organizing an adventurous afternoon treasure hunt or an exploration into a nearby forest, the Sterling team ensures every detail is meticulously planned.

Website: https://www.sterlingholidays.com/

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Hyderabad Telangana) [India], August 30: Filatex Mines and Minerals Pvt Ltd, a subsidiary of Hyderabad-based leading socks and cotton products manufacturing company Filatex Fashions Ltd (BSE – 532022, NSE – FILATFASH), has received total export orders worth Rs. 661 crore (USD 78,875,000) in a month’s time.

 

On August 29, 2024 company’s subsidiary in the mining business, Filatex Mines and Minerals Private Ltd announced that it has received order from Republic of Guinea based company, Société DIMO – BTP SARL (“SDBS”) for supply of 1,59,000 tonnes of marble polished tiles for over a period of 5 years which is estimated to be USD 43,875,000 (Rs 368 crore). SDBS is a distributor of granite and marble with a dealer network of over 5000 in 14 African countries.

 

This is the second export order for company’s mining subsidiary. Earlier on 26 July, 2024 the company received the order for supply of 2,97,388 metric tonnes of white marble worth USD 35 million (Rs. 293 crore) over a period of 7 years. As on 29 August 2024, company’s market capitalization stands at Rs. 966.75 crore.

 

Board of Directors of Filatex Fashions Ltd at its meeting held on 26 July 2024 has approved the appointment of Mr. Sunil Agarwal as an Additional Director and CEO of the Company in the Executive Director category. The appointment is subject to the approval of the shareholders in the ensuing Annual General Meeting. Mr. Sunil Agarwal has over 10 years of extensive experience and holds expertise in Financial Services, Advisory, Investment Advisory and Risk Management Consulting and has been on the Boards of some prominent companies.

 

Highlights:

·         Appointed Mr. Sunil Agarwal as an Additional Director and CEO of the Company w.e.f 26 July 2024

·         Company’s Board recently approved 5-for-1 stock split and fix 9 August as record date

·         Company in the EGM approved the stock split; Authorised share capital at Rs. 850 crore.

·         Company to set up a wholly owned subsidiary for export of textile garments and fabrics in Delhi

·         Company’s shares are listed and admitted to dealings on National Stock Exchange w.e.f 6 May 2024

·         For Q1FY25, company posted net profit of Rs. 1.73 crore, total income of Rs. 24.22 crore.

 

Company in it’s the Extra Ordinary General Meeting held on 15 July 2024 approved the 5-for-1 stock split. Authorized share capital of the company of the company further to the approval of the shareholders in EGM stands at Rs. 850 crore divided into 850 crore equity shares of Rs. 1 each.

 

To enhance the liquidity in the capital market and widen shareholder base, the company in the board meeting held on 7 June 2024 approved 1:5 (5-for-1) stock split. Company approved sub-division of existing 1 Equity Share of face value of Rs. 5 each fully paid up into 5 Equity Shares of Rs. 1 each fully paid up. Record date for the purpose of stock split is fixed as 9 August 2024.  

 

Incorporated in 1995, Filatex Fashions Ltd specializes in socks manufacturing and cotton products with 25 socks-knitting machines with the latest finishing and setting machines, using infrared technology for the first time in India. Filatex Fashions has gained rich experience in the European and Indian market. With manufacturing plants located in Hyderabad, Telangana, the company offers private label services and the option to use its branded label for socks. Company’s clients include renowned brands like FILA, Sergio Tacchini, Adidas, Walt Disney and many other top labels of the fashion world.

 

Company’s shares are recently admitted to dealings on NSE with a code FILATFASH w.e.f 6 May 2024.  Company’s shares were listed on Bombay Stock Exchange since 23 September 1996 and will continue to be listed on the exchange with the scrip code 532022. Company has also appointed Mr. Yash Sethia as Chief Financial Officer (CFO) of the Company from 30^th March 2024.

 

Company board in the meeting held on 6 July has approved to set up a wholly owned subsidiary for export of textile garments and fabrics in Delhi reason being Delhi is a source for readymade goods which can be easily supplied to overseas market. Additionally, board also approved proposal to set up a Corporate Office in Mumbai for business expansion and planning to appoint senior managerial personnel like CEO, head of compliance etc. which will help the company in its smooth business expansion in global markets.

Company has a State of art manufacturing unit located at Hyderabad having ultra-modern, latest machinery from Korea and Italy with In-house R&D facilities, is on Growth path with various new orders from Leading Brands. Company has a modern state-of-the-art plant spread over 4 acres capable of producing 8.64 million pairs of socks per annum. The company further plans to ramp up production capacity upto 14 million pairs of socks per annum.

 

For Q1FY25, net profit of the company was reported at Rs. 1.73 crore and total income of Rs. 24.22 crore. During FY23-24, company posted net profit of Rs. 8.95 crore, total income of Rs. 179.02 crore.

 

For more information, visit www.filatexfashions.co.in

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Noida (Uttar Pradesh) [India], August 29: In a proactive effort to enhance student well-being, GD Goenka International School, Greater Noida (West), conducted a comprehensive Nine-day – “Mental Health Educator” training program aimed at equipping educators with the skills to become effective mental health educators. Facilitated by a team of experienced psychiatrists and psychologists from ‘The Mind Sync Kids,’ the training focused on strategies and techniques specifically tailored to nurture students’ mental health.

The program, led by specialists from The Mind Sync Kids, focused on the importance of early intervention in mental health education. The Mind Sync Kids, is a brainchild of Dr Shivam Dubey, who is Harvard trained, board-certified Child Psychiatrist with an experience of nearly two decades in the United States. He wanted to offer a structured curriculum for preventive mental wellness in schools. Dr. Shivam believes that promoting mental health awareness among children requires the active involvement of schools and dedicated mental health educators. Rooted in scientific research, The Mind Sync initiative goes beyond traditional teaching, equipping children with vital Emotional Quotient (EQ) skills alongside Intelligence Quotient (IQ) to better navigate life’s challenges.

Throughout the Nine-day session starting on 1^st August 2024 at GD Goenka International School, Greater Noida (West), teachers participated in Mental Health Educator training to deepen their understanding of The Mind Sync Mental Health Education curriculum. This training equipped educators with new techniques for effective classroom implementation, providing children with essential tools to manage and regulate their emotions, behaviors, and actions. The curriculum emphasizes self-awareness, self-management, responsible decision-making, relationship skills, and social awareness, fostering resilience, and creating a supportive school environment that prioritizes children’s emotional health, helping them achieve both academic and sports success.

Mr. Manas Dubey, Founder, The Mind Sync Kids, highlighted the significance of such Mental Health Educators Training: “Educators play a pivotal role in the mental and emotional development of children. By empowering teachers with the knowledge and tools to address mental health concerns proactively, we aim to create a nurturing school environment where every student feels understood and supported.”

The teacher training on the Mental Health Education Curriculum focused on neuroscience and psychological concepts, equipping educators with effective tools to manage diverse classroom behaviours and guide students in handling life’s challenges. These techniques are also believed to benefit teachers personally. After comprehensive training with experienced clinical psychologists and passing assessments, all participating teachers at GD Goenka International School are now certified as ‘Mental Health Educators’ and ready to implement the year-long mental health education program in their school.

Principal, Mrs. Monika Srivastava, expressed enthusiasm for the initiative, saying, “At GD Goenka International School, we emphasize holistic education that includes both academic excellence and emotional well-being. This training has empowered our teachers to spot early signs of mental health issues and foster a compassionate learning environment.”

Mrs. Srivastava highlighted the school’s commitment to providing opportunities for students to grow, embrace challenges, and develop resilience through physical activities and teamwork. She praised the collaborative efforts of the Goenkans, teachers, and parents in shaping well-rounded individuals. We also deeply value the unwavering support of our parent community. Together, we are shaping responsible, well-rounded individuals ready to take their place in the world.

The training ceremony’s took place on 13^th August 2024 where the presentation of certifications of ‘Mental Health Educator’ by Mental Health Education Inc., a Florida-based non-profit was given to recognize the teachers’ dedication to advancing in The Mind sync – Mental Health Education Curriculum and support within the school community.

The certified teachers expressed gratitude for the practical training provided by The Mind SYNC Kids and are eager to apply their new knowledge to enhance the school climate and student outcomes.

This collaboration between GD Goenka International School and The Mind Sync Kids underscores the growing importance of mental health education and the need of it in today’s time. By empowering teachers as mental health educators, the school aims to create a supportive environment where students can thrive both academically and emotionally.

The Mind Sync Kids developed India’s first mental health education curriculum and to raise the importance among children and adolescents of taking their mental health as priority. Designed by leading psychiatrists and psychologists, the curriculum combines cutting-edge research with practical teaching methods. It equips educators with the tools to help students foster self-help, make responsible decisions, and manage mental health challenges. We invite educators, schools, and parents to join us in implementing this vital mental health curriculum.

For more information on The Mind Sync Kids and their mental health education programs, visit their website at www.themindsynckids.in.

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Mumbai (Maharashtra) [India], August 29: Board of directors of Mumbai-based Vaishali Pharma Ltd (NSE – VAISHALI) has recommended issue of bonus equity shares in the ratio of 1:1 (1 Bonus share equity for every 1 equity share held in the company as on the record date) in the meeting held on August 28, 2024 along with stock split, subject to necessary regulatory and shareholders’ approvals. Company approved sub-division of 1 equity share of Rs. 10 face value into five equity shares of Rs. 2 face value each. The bonus issue is aimed at reward existing shareholders, enhance liquidity, and expand the shareholder base.

The board also considered proposal for raising of fund by way of equity shares, debentures or other securities through rights issue, private placement, qualified institutions placement (QIP), preferential issue or any other method.

Catering to semi-regulated and non-regulated markets across the world, the company had recently obtained 19 registrations across Southern Africa, West Africa, the Gulf region, Latin America and ASEAN region. These registrations are poised to contribute around Rs. 100 million to the company’s annual revenue.

Backed by strong product portfolio and distribution network, the Company had reported robust financial performance for Q1FY25. For the quarter ended on June 30, 2024, the Company’s sales increased by 34.70% to Rs 18.08 crore in Q1FY25 compared to Rs 13.42 crore during Q1FY24. Net Profit of the company rose 7.13% to Rs 1.70 crore as against Rs 1.59 crore during the previous quarter ended June 2023.

 Highlights

• Bonus issue is aimed at to reward existing shareholders, enhance liquidity, and expand the shareholder base.
• Consideration of stock split and bonus shares are in line with the company’s vision to reward the shareholders and earn their long-lasting trust and confidence
• Company had recently obtained 19 registrations across Southern Africa, West Africa, the Gulf region, Latin America etc, expected to contribute around Rs. 100 million to the company’s annual revenue.
• Mumbai-based pharma company has over 250 + formulation brands marketed in multiple countries and a robust pipeline of around 250 Dossiers

Commenting on the development, Mr. Atul Vasani, Chairman and Managing Director, Vaishali Pharma Ltd said, “We are proud to inform our stakeholders that the company is making significant strides in its long-term growth strategy, delivering excellent operational and financial results. Consideration of stock split and bonus shares are in line with the company’s vision to reward the shareholders and earn their long-lasting trust and confidence. This move will not only reward our existing shareholders for their continued support but also increase the company’s equity base, thereby enhancing liquidity. With a focus on growth and innovation, the company is making its mark through strategic initiatives, promising to become a significant presence in the evolving pharmaceutical sector.”

Established in 1989, Vaishali Pharma Limited specializes in the production and marketing of a diverse range of pharmaceutical products, including APIs, formulations, surgical products, veterinary supplements, herbal items, nutraceuticals, and oncology products. Their portfolio serves both human and animal healthcare needs. The company has over 250 + formulation brands marketed in multiple countries and a robust pipeline of around 250 Dossiers. The company’s synergistic collaboration with WHO-GMP manufacturing facilities is backed by an excellent rapport with clients.  Company is one of the fastest-growing and most versatile company in the pharmaceutical industry. It has a strong presence in both the domestic and export markets and is currently supplying to all leading Indian and international companies.

As an emerging force, Vaishali Pharma is poised to contribute substantially to the pharmaceutical landscape in India. The company had recently announced the launch of its new brand “HealthE” for local online market. The first product in this lineup is HealthE Biotin and Multivitamin Gummies is a revolutionary product designed to enhance hair, skin, and overall health. These delectable gummies combine the power of biotin, essential vitamins, and natural extracts to support hair growth, promote radiant skin, and boost overall vitality. All the products launched are backed by food scientist. This exciting development is a testament to the company’s ongoing commitment to delivering health and wellness solutions that improve lives and promote lasting well-being. The company plans to add many more products in near future.

“Our venture into the Nutraceutical Products segment, in addition to our ongoing collaborations and alliances, is poised to serve as pivotal growth catalysts in the future. We eagerly anticipate the continuation of our journey towards excellence, with the utmost focus on delivering value to our stakeholders and making significant contributions to the enhancement of healthcare worldwide. Our unwavering dedication to innovation, commitment to maintaining high-quality standards, and the strategic expansion of our global footprint through valuable partnerships have been instrumental in driving our success”, added Mr. Vasani.

With a vision “To be a well-recognised Indian MNC in the pharmaceuticals and healthcare industry”, the company continue to work on its mission to contribute substantially towards well-being and health of the society by providing high quality products and service.

For more details, please visit: www.vaishalipharma.com

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New Delhi [India], August 29: Evera Cabs, a pioneering force in all-electric cab services in Delhi-NCR, proudly announces the appointment of Saurabh Kumar as an Independent Director. His role will be instrumental in driving the company’s mission to minimize carbon emissions and enhance customer satisfaction through his strategic oversight.

With over three decades of experience in sustainable energy and efficiency, Saurabh will ensure the company aligns with its strategic objectives and vision, while inducing robust governance practices and shaping green energy based mobility solutions. He will play a pivotal role in reinforcing Evera’s governance framework, ensuring ethical business conduct and compliance.

Commenting on his appointment, Mr. Saurabh Kumar, independent Director, Evera, said, “Urban mobility can enable reducing the growing carbon footprint without compromising on efficiency and convenience. The urgent need is to integrate sustainable energy solutions into transportation systems at scale, and that’s exactly where Evera is uniquely positioned. By addressing gaps in energy optimization and fleet efficiency, I aim to steer Evera towards innovative, actionable solutions. Together, we will not only expand our green mobility reach but also set new industry standards that meet both environmental and customer demands head-on.”

Welcoming Saurabh to the team, Mr. Nimish Trivedi, Founder and CEO, Evera said, “Saurabh’s deep expertise in sustainable energy and policy implementation is critical to Evera’s future plans. His strategic prowess will be instrumental in addressing the operational and environmental challenges of scaling electric fleets in a densely populated region like Delhi-NCR, where the need for sustainable urban mobility solutions is pressing. With Saurabh’s addition, we aim to strengthen technology infrastructure and enter new markets, thus solidifying our position as a leader in the electric mobility space.”

Saurabh Kumar is also the Vice President – India for the Global Energy Alliance for People and Planet (GEAPP). With over three decades of experience, he began his career began with the Indian Revenue Service (IRS), focusing on sensitive intelligence assignments, and further, held key positions in the Indian government, including the Union Ministry of Power and the Bureau of Energy Efficiency (BEE). Mr. Saurabh Kumar as Vice Chairperson & MD of Energy Efficiency Services Limited (EESL), successfully led the implementation of several key energy efficiency programs. Mr. Saurabh Kumar became the face of the country’s energy efficiency programmes after he spearheaded the world’s largest non-subsidised distribution programme of LED lamps under the ‘Unnat Jyoti by Affordable LEDs and Appliances for All’ (Ujala) scheme. He is a pioneer in EV industry & has been instrumental in driving large-scale energy efficiency programs and promoting sustainable energy initiatives across India. He holds a degree in Electrical Engineering from IIT Kanpur and a master’s in public policy from the National Graduate Institute for Policy Studies in Tokyo, Japan.

About Evera

Evera Cabs is an all-electric cab demand aggregator across Delhi-NCR, offering services such as airport transfer, rentals, and corporate transportation. Currently Evera’s e-taxi service operates in Delhi-NCR, with the aim to reduce the human carbon footprint, while enhancing customer experience, one ride at a time. Founded in 2019, Evera is an EV cab service provider for customers across B2C and B2B segments.

Accelerating the ecosystem for sustainable cab hailing transportation for the masses and corporates, Evera has secured its pre-Series A funding round of $3 million. IEG Investment Banking Group, Germany and Direct Capital- subsidiary of Devonshire Capital, Thailand came together in the closure of this round. In a short span, the brand has clocked 30+ million Green Kilometres across Delhi NCR.

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New Delhi [India], August 29: Aarthi Scans and Labs, a leading name in medical diagnostics, today announced the launch of its groundbreaking new unit, ‘Vital MRI.’ This innovative service offers comprehensive full body MRI scans at an affordable cost of ₹24,000, empowering individuals to take proactive steps towards their long-term health.

Vital Full Body MRI aims to detect potential health issues at their earliest stages, including early-stage cancers, aneurysms, spinal degeneration, disc bulges, and abnormalities in the brain, abdomen, and chest. The scans utilize cutting-edge technology to provide detailed, high-resolution images, enabling early diagnosis and intervention, thereby improving treatment outcomes.

Unique offerings of Vital MRI are – Brain volume analysis, Liver fat and Visceral fat quantification by MRI and Calcium scoring CT to assess heart attack risk. Brain volumetry analysis, generating a ‘Brain Age’ report that compares an individual’s brain health to their chronological age. This valuable insight can help individuals understand their cognitive well-being and take proactive measures to maintain brain health and prevent dementia.

Vital Full Body MRI is now available at all Aarthi Scans and Labs facilities across India in Delhi, Gurgaon, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata and Trivandrum. Individuals can know more about the scan and book an appointment through the company’s website (vitalmri.com) or by calling their customer education line (96423 96422).

“Similar facilities are available in the US through providers like Prenuvo and Ezra, but we are proud to be the first to offer this level of comprehensive and affordable preventive scanning in India. Most cancers, when detected in stage I, have very good prognosis and can even be completely cured with modern treatments. With Vital MRI, we aim to empower individuals to take control of their health and detect potential issues before they become serious” said Dr Arunkumar Govindarajan, Radiologist and Executive Director of Aarthi Scans and Labs.

About Aarthi Scans and Labs

Aarthi Scans and Labs is one of India’s trusted and largest medical diagnostics provider with 36 years of healthcare experience. The vision of Aarthi Scans’ founder Mr.V.Govindarajan is “The cost to diagnose a disease should not make a patient poor, that their treatment becomes unaffordable”. With a commitment to excellence, innovation, and patient care, Aarthi Scans and Labs offers a wide range of diagnostic services, including imaging, pathology, and specialized tests.

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Nainital (Uttarakhand) [India], August 27: Nestled in the scenic town of Nainital, CenterCourt Sports Bar & Grill is far more than a culinary spot; it’s a unique fusion of sports enthusiasm, rich Himalayan flavors, and a tribal family’s long-standing dream. Founded in 2021 by Bhupendra Singh, a descendant of erstwhile Silk Route traders, this venture blends the family’s trading legacy with their passion for food, sports, and innovation.

For generations, their family traded Himalayan spices and goods across the Tibetan border. Bhupendra, however, envisioned something different—a vibrant sports-themed café that not only serves delicious meals but also celebrates the spirit of sportsmanship in Haldwani, a tier-3 town often overshadowed by its more famous tourist counterparts.

CenterCourt is designed to be a hub for sports lovers, where guests can indulge in a lively atmosphere filled with sports memorabilia, live screenings, and a curated menu inspired by both local and global flavors. Families, tourists, and locals alike can enjoy the best of both worlds—a place where sports meets socializing. The rooftop venue, overlooking the 180-degree view of the Nainital hills, provides the perfect backdrop for fans to cheer on their favorite teams while enjoying live music.

The café’s innovative approach to food is matched by its commitment to creating an all-inclusive sports experience. From weekend tournaments and game nights to live match screenings, CenterCourt seamlessly integrates sports into its DNA. The blend of Himalayan herbs and spices with popular game-day snacks offers a fresh take on comfort food, making it a favorite among those who come not just for the ambiance, but for the excitement that fills the air during major sports events.

Breaking the stereotype of restro-bars being inaccessible for families, CenterCourt has become a popular destination for all age groups, offering a cozy private dining lounge for those seeking a quieter retreat. Whether it’s catching a match or enjoying a casual meal, CenterCourt’s community-driven vibe brings people together under a shared love for sports.

As Uttarakhand’s largest rooftop sports café, CenterCourt is now ready to expand beyond Nainital. With its successful concept, the brand seeks partners who are as passionate about sports and hospitality as they are. The goal is to take this vibrant mix of tradition, taste, and sports culture nationwide, transforming the way people experience both food and entertainment in tier-3 towns.

CenterCourt isn’t just a dining spot; it’s a movement to redefine how sports and socializing blend seamlessly into modern café culture. As they gear up to expand, CenterCourt invites those who share their vision to join them in bringing this exciting concept to more corners of the country.

New Delhi [India], August 22: Leo Tune hearing aids are leading the charge in revolutionizing the landscape of over-the-counter (OTC) hearing aids by prioritizing affordability and accessibility for all individuals across India. With a steadfast dedication to bridging the gap between quality hearing solutions and financial constraints, Leo Tune Hearing Aids are emerging as a beacon of hope for those seeking not just improved hearing but a renewed sense of connection and empowerment.

Hearing Loss transcends mere physical impairment; it can profoundly impact an individual’s emotional well-being, social interactions, and overall quality of life. Understanding this, Leo Tune Hearing Aids are on a mission to provide more than just functional devices. Their range of OTC hearing aids doesn’t just amplify sound; they amplify life experiences and restore a sense of belonging in a world that thrives on communication.

What sets Leo Tune Hearing Aids apart is their unwavering commitment to user experience and innovation. Each hearing aid is meticulously designed to blend effectiveness with comfort and ease of use. The sleek, modern designs are complemented by intuitive controls and comprehensive instructions, ensuring that users can seamlessly integrate these aids into their daily lives. Additionally, a diverse array of accessories and replacement parts further enhance the longevity and functionality of each device, underscoring Leo Tune’s dedication to long-term customer satisfaction.

Leo Tune stands firm in its pledge to deliver exceptional value to its customers. In addition to competitive pricing and free nationwide shipping on all orders, Leo Tune offers a generous 07-day money-back guarantee, allowing customers to freely explore their options without hesitation. Furthermore, every product is backed by a robust one-year warranty, ensuring customer investments are protected against unforeseen circumstances.

“At Leo Tune Hearing Aids, we firmly believe that clear communication should be a right, not a privilege,” says a company spokesperson. “Our vision goes beyond selling products; it encompasses a commitment to breaking down barriers and empowering individuals to rediscover the joys of hearing clearly and engaging fully with the world around them.”

In conclusion, Leo Tune is not just a brand; it’s a testament to inclusivity, innovation, and a relentless pursuit of excellence in the realm of affordable hearing solutions. For more information on Leo Tune Hearing Aids and its groundbreaking products, please visit website https://leotune.inor contact customer service team 9090414170.

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New Delhi [India], August 27: As per the ICMR-INDIAB (2023) study, 10 crore people in India suffer from diabetes, with an additional 13.6 crore people affected by pre-diabetes. This significant health concern positions India to become the diabetes capital of the world by 2030.

In response to this serious healthcare challenge, IPCA Laboratories Ltd proudly announces the launch of Diulcus®, a novel product aimed at addressing the challenges of Diabetic Foot Ulcer (DFU) in the Indian market. Diulcus®, developed by NovaLead Pharma Pvt Ltd, a pioneer in drug repurposing, represents a significant advancement in the management of DFU. The product has received approval from the Central Drugs Standard Control Organization (CDSCO) and was partially funded by the Biotechnology Industry Research Assistance Council (BIRAC), a Government of India enterprise.

The launch event was graced by esteemed personalities, including Sri. Ajit Jain, Dr A.P.S. Suri, Dr Achintya Sharma, Dr Anil Pareek, Sri Sunil Ghai, Sri. Supreet Deshpande.

During phase 3 trials in India, Diulcus® demonstrated remarkable efficacy, with a 60.3% ulcer closure rate within three months of treatment. Remarkably, patients continued to show an ulcer closure rate of 77.20% over six months, even after stopping treatment at three months. These results are among the best observed for any pharmaceutical preparation used in DFU treatment.

Sri. Ajit Jain, Managing Director of IPCA Laboratories Ltd, expressed his enthusiasm about the launch, stating, “With over 15% of diabetic patients suffering from DFU at least once in their lifetime, DFU is the most prevalent complication caused by chronic diabetes. The approval of this patented repurposed drug is significant because DFU is the leading cause of lower limb amputations globally. We are delighted to partner with NovaLead Pharma Pvt Ltd through an IP licensing arrangement to bring Diulcus® to DFU patients in India. It demonstrates IPCA’s commitment towards the patients suffering from unmet medical needs and its focus on diabetes therapy.”

Dr. A.P.S. Suri, Foot Care Specialist (Podiatrist), said, “With the launch of Diulcus®, we are writing a new chapter in the treatment of diabetic foot ulcers. This product can not only revolutionize the treatment of DFU but also help reduce the complications associated with it, such as amputation, infection, and long-term pain. Given the rising incidence of diabetic foot ulcers in India, this product will not only be an important tool for physicians but can also significantly improve the quality of life of patients. This product is effective in helping in healing diabetic ulcers, helping them heal faster and preventing amputation of the feet. I congratulate IPCA Laboratories Limited and NovaLead Pharma Private Limited for bringing this important innovation to the Indian market and hope that this product will become a ray of hope for millions of patients in our country.”

Diulcus® will be made available to DFU patients by IPCA Laboratories Ltd. (IPCA) through an exclusive IP licensing arrangement with NovaLead Pharma PVT LTD for the Indian Market beginning in August 2024.

For further details on the product, please consult your physician or write to savethefoot@ipca.com.

About Diabetic Foot Ulcer (DFU)

Over 537 million adults are living with diabetes globally, and the number is predicted to rise to 643 million by 2030. About 15% of diabetics suffer from DFU at least once in their lifetime, with 25% of DFUs eventually requiring amputation. DFU is a leading cause of lower extremity amputation. The five-year mortality post-amputation is 46%. DFU is a serious disease with very limited drug options and a very high cost of treatment.

About Diulcus® (Esmolol Ilydrochloride)

Diulcus® is a prescription medicine used to treat people with diabetic foot ulcer with no clinical infection. Infected DFUs need to be first treated for infection if existing and then put on Diulcus® treatment for wound closure. A doctor will perform independent assessment of DFU extent to determine the dose to be applied topically on the patient’s DFU. Treating clinicians are advised to refer to the full prescribing information of Diulcus®.

About IPCA Laboratories Ltd (IPCA)

IPCA is a fully integrated pharmaceutical company with a strong thrust on exports. IPCA is vertically integrated and produces Finished Dosage Forms (FDFs) and Active Pharmaceutical Ingredients (APIs).

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New Delhi [India] August 24: Oriental Trimex Ltd (BSE – 532817), a leading processor and trader of natural stones in India announces a series of strategic developments that are set to redefine its operational capabilities, expand its market presence, and solidify its financial standing. These initiatives underscore the company’s unwavering commitment to innovation, growth, and customer satisfaction.

Highlights:

Company announces significant debt reduction and path to become debt-free.

Company announces revolutionary leap forward for processing in the stone industry.

Company is coming up with a 21,000 sq ft showroom in the Building Materials Market in Greater Noida.

Secures Jet Black Granite Quarry in Orissa, Boosting Revenue and Profitability Prospects.

Expands Product Portfolio with Related Product Lines, Enhancing Customer Offerings.

1. Revolutionary Leap in Stone Processing with Wire-Based Gangsaw Machine

Oriental Trimex Limited is poised to revolutionize the stone industry with the importation and installation of a cutting-edge wire-based gangsaw machine, commonly referred to as a “Cable Machine for Slab Cutting.” This state-of-the-art technology, sourced from Changsha Beto New Material Technology Co. Ltd. in China, will be the first of its kind in India and is set to be installed at OTL’s plant in Gummidipoondi, near Chennai.

Unlike traditional gangsaws that utilize multiple blades, this advanced machine employs a series of diamond-coated cables with diameters of 0.4-0.6mm, enabling precise cuts and setting a new benchmark for accuracy and efficiency. With features such as pneumatic wire tensioning, hydraulic cylinder support, and bellow-protected linear rails, the wire-based gangsaw significantly reduces waste, enhances durability, and speeds up the cutting process by approximately three times compared to conventional machines.

This strategic investment, expected to be operational by December 2024, is a testament to OTL’s dedication to embracing innovative technologies that enhance operational excellence. It will allow the company to deliver unparalleled quality to its clients, particularly in the high-end residential and commercial construction segments.

2. Expansion in Greater Noida with a 21,000 Sq. Ft. Showroom

In a move to strengthen its market presence, Oriental Trimex Limited is excited to announce the upcoming launch of a sprawling 21,000 sq. ft. showroom in the building materials market at Site-4, Greater Noida. Strategically located in the heart of Gautam Budh Nagar District, this showroom-cum-warehouse is poised to become a one-stop destination for all flooring solutions.

Scheduled to be operational by the end of September 2024, the showroom will showcase an extensive range of finished marbles sourced from OTL’s state-of-the-art processing plant in Chennai. In addition, the company will procure high-quality granites from processors in Rajasthan and Southern India, ensuring a comprehensive portfolio of flooring solutions.

The location of this showroom is particularly strategic, given the upcoming Jewar Airport and the envisioned Aerocity in Greater Noida. These developments are expected to drive exponential growth in the region, and OTL is committed to catering to the increasing demands of the area. The company also plans to expand its footprint with a new showroom in Delhi, post-raising funds through a Right Issue, further reinforcing its position in the market.

3. Securing a 30-Year Lease for Jet Black Granite Quarry in Orissa

Oriental Trimex Limited is pleased to announce the securing of a 30-year lease for a Jet Black Granite Quarry spanning 12.260 acres (4.961 hectares) in Village Poteru, Malkangiri district, Orissa. This quarry, allocated by the Government of Orissa, is a significant addition to OTL’s portfolio, boasting a massive deposit of decorative stones and Jet Black-colored granite with substantial export potential.

The mining plan for the quarry has been approved by the state government, with an independent valuation by Er M K Mehta estimating the total mineral deposit value at approximately INR 258.77 crores. With the Environmental Clearance (EC) expected by November 2024, OTL plans to operationalize the quarry shortly thereafter. This development is expected to significantly boost the company’s revenue and profitability, further cementing its leadership in the natural stone industry.

4. Diversification of Product Portfolio 

In an effort to enhance its customer offerings and create new revenue streams, Oriental Trimex Limited announces plans to diversify its product portfolio by venturing into additional related product lines. Starting from December 2024, the company will introduce:

• Low-cost Indian granites
• Designed porcelain tiles in similar colors to imported marbles
• Nano stones from China
• Marble-designed quartz stones and quartzites

This expanded product mix will cater to a broader customer base, including various socioeconomic groups, and provide more options to suit different budgets. OTL’s strong sourcing abilities, deep understanding of local customer preferences, and established infrastructure will support the marketing of these new products. The company’s presence in Greater Noida and focus on Tier 2 and Tier 3 cities, particularly in Uttar Pradesh under the Central Government’s ‘Smart City’ plan, positions it for significant growth.

5. Significant Debt Reduction and Path to Becoming Debt-Free

Oriental Trimex Limited is pleased to announce a significant milestone in its financial journey. The company has successfully made a payment of INR 38.25 crores to Edelweiss Asset Reconstruction Company Limited (“Edelweiss ARC”) as part of a One-Time Settlement (“OTS”) agreement entered into on January 30, 2024. This payment has substantially reduced OTL’s debt obligations, putting the company on the path to becoming debt-free.

With only a nominal interest amount remaining, which is expected to be paid by September 2024, Oriental Trimex Limited is on the verge of achieving debt-free status. This development is expected to enhance the company’s credibility and reputation among stakeholders, further strengthening its position in the industry.

Disclaimer: This content is created by PNN and is for general information purposes only and should not be construed as professional advice. Readers should conduct their own research before making any decisions.