The Indian Micro Fertilizers Manufacturers Association (IMMA), India’s premier manufacturers association is thrilled to announce the hosting of the 4th National Crop Nutrition Summit at the Jio World Convention Centre, Mumbai, on 2nd February 2024. This summit, themed “Enabling Innovation through Agri-Tech & Policy Dialogues” promises to be a landmark event featuring distinguished guests and speakers from different disciplines of the agriculture industry.

The 4th National Crop Nutrition Summit will convene thought/through leaders, policymakers, industry experts, and innovators to discuss the future of agriculture, focusing on sustainable nutrient management solutions, technological advancements, and policy support. The summit’s agenda includes keynote addresses, panel discussions, and interactive workshops, offering insights into the latest trends and best practices in the sector.

Dr. Rahul Mirchandani, President, IMMA said, “The 4th National Crop Nutrition Summit is not just an event; it’s a beacon for the future of agriculture in India. We are gathering the best minds to create a sustainable and technologically advanced roadmap for Indian agriculture. This summit will be a turning point in how we approach crop nutrition and farming sustainability.”

Key topics at the summit will cover the critical role of micronutrients in soil health, the integration of cutting-edge ag-tech in farming, and strategies for eco-friendly crop production. The event aims to set new benchmarks for the industry, influencing future agricultural practices and policies in India.

In addition to the informative sessions, the summit will offer numerous networking opportunities, allowing attendees to connect with industry peers and explore potential collaborations. It is an ideal platform for anyone involved in the agricultural sector to gain knowledge, share experiences, and contribute to the shaping of India’s agricultural future.

IMMA is committed to driving change towards more sustainable agricultural practices and believes this summit will be a catalyst for innovation and policy transformation in the sector.

For detailed information on the summit’s agenda, speakers, and registration details, please visit https://imma.co.in/

Source: Press Release

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6th Edition of The Real Woman Awards Successfully Concludes in New Delhi, Honoring Women in Construction

Sony unveils INZONE Buds, Truly Wireless Noise Cancelling Gaming Earbuds with the industry’s longest battery life, advised by Fnatic

In an era where the construction industry is witnessing an unprecedented shift towards gender inclusivity, the 6th Edition of The Real Woman Awards, held in New Delhi, stood out as a testament to this transformation. This prestigious event, marked by grandeur and significance, not only celebrated the achievements of women in the construction sector but also highlighted the evolving landscape of this traditionally male-dominated field.

The awards ceremony recognized the exceptional contributions of 25 women across various segments of the construction industry. These women, distinguished in fields such as architecture, interior design, landscape design, and green building consultancy, represent the vanguard of a new era in construction – an era defined by diversity, innovation, and sustainability.

The global construction industry has seen a gradual but steady increase in the participation of women. According to international labor statistics, women now make up a significant proportion of the construction workforce, bringing diverse perspectives and driving innovation. In India, the trend is similar, with more women entering the field, supported by government initiatives like ‘Beti Bachao, Beti Padhao’ and corporate policies promoting gender diversity. Such initiatives align with global studies showing that companies with diverse leadership are often more innovative and profitable.

The event was graced by luminaries of the construction world, including Ms. Mili Majumdar, Mr. Reza Kabul, Mr. Mukesh Jaitley, Ms. Sonali Rastogi, Dr. Nancy Juneja, Ms. Sangeeta Mehta, Ms. Shormishtha Ghosh, Mr. Lalit Dutt and more. Their presence and insights added depth to the proceedings, with speeches that not only celebrated the awardees’ achievements but also underscored the critical role of diversity in fostering innovation and sustainable development in construction.

A pivotal aspect of this year’s edition was the partnership with ISHRAE Shakti, where the collaboration MOU between ISHRAE and Real Woman Global Community was also signed to forge a long lasting impactful relationship. This collaboration underscores the collective endeavor to support and amplify the role of women in construction. It is through such synergies that the industry can create comprehensive support systems, including mentorship and networking opportunities, essential for nurturing the next generation of women leaders in construction.

The Real Woman Awards go beyond mere recognition; they are a vital part of a broader narrative advocating for change in the construction industry. These awards serve as a catalyst for discussion, policy advocacy, and the establishment of new benchmarks in the industry. They are a call to action, inspiring more women to pursue and excel in construction careers.

Vijay Dalwani and Sheetal Bhilkar, the founders, in their closing remarks, emphasized the event’s significance in promoting female leadership in the construction industry. They reiterated their commitment to continuing this tradition, aiming to inspire and empower more women to join and thrive in this sector.

As the event drew to a close, it was evident that The Real Woman Awards had successfully shone a spotlight on the critical and growing role of women in the construction industry, paving the way for a more balanced and dynamic future.

For more information on The Real Woman Awards and its impact on women’s empowerment in the construction industry, please visit the www.realwoman.in.

Source: Press Release

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Sony unveils INZONE Buds, Truly Wireless Noise Cancelling Gaming Earbuds with the industry’s longest battery life, advised by Fnatic

Qure.ai Partners with Project Data Sphere for Cancer Care Using AI

Sony has announced INZONE Buds, new truly wireless gaming earbuds packed with Sony’s renowned audio technology designed to help you win. INZONE Buds offers an immersive gaming experience for PC, mobile and console gameplay thanks to the personalized sound, unrivaled 12 hours of battery life, and low latency. INZONE Buds were born through a collaboration with the renowned esports team, Fnatic, who will celebrate 20 years of operation in 2024 and secured back-to-back international titles in the VALORANT Champions Tour this year. INZONE continues to elevate your PC and PlayStation gaming experience with enhanced audio realism.

1. Active noise cancelling and personalized spatial sound helps you stay on top

The Sony INZONE Buds redefine gaming audio with active noise cancellation and personalized spatial sound, ensuring you stay on top of your game. Immerse yourself in a world of precise directional cues and minimal background interference. With industry-leading technology and collaborative design, these wireless earbuds provide an unparalleled auditory experience, enhancing your competitive edge in the gaming realm.

2. Truly Wireless gaming earbuds with the industry’s longest battery life up to 12 hours on continuous usage

The Sony INZONE Buds redefine gaming audio with their wireless headset, boasting the industry’s longest battery life of up to 12 hours on continuous usage. Powered by a low-consumption L1 processor, these buds ensure extended gaming sessions without interruption. Quick charging features provide up to an hour of playtime with just a 5-minute charge, offering gamers unparalleled endurance for immersive and uninterrupted gameplay.

3. Reduced ear contact for increased comfort while gaming

Sony INZONE Buds prioritize comfort with a design that minimizes ear contact, allowing gamers to indulge in extended sessions without discomfort. The lightweight and truly wireless earbuds ensure a forgettable wearing experience, while the reduced contact enhances overall comfort. This thoughtful design choice caters to the needs of gaming enthusiasts, providing a comfortable and immersive environment for prolonged gaming sessions.

4. INZONE Buds only support 2.4 GHz wireless connection via USB Type-C dongle and Bluetooth LE Audio connection (codec: LC3)

The INZONE Buds exclusively support a 2.4 GHz wireless connection through a USB Type-C dongle, ensuring low-latency connectivity for gaming. Additionally, they are compatible with Bluetooth LE Audio using the codec LC3, optimizing energy-efficient wireless performance. Notably, traditional Bluetooth codecs, including SBC, AAC, aptX, and LDAC, are not supported, emphasizing the focus on specialized gaming connectivity for an enhanced audio experience.

5. The AI-assisted microphone helps you be heard in action

The AI-assisted microphone in Sony INZONE Buds ensures clear communication during gaming action. Integrating an advanced AI DNN algorithm crafted from over 500 million voice samples, it distinguishes and amplifies the user’s voice, standing out prominently against ambient sounds. This technology enhances in-game communication, allowing gamers to be heard with exceptional clarity, contributing to an immersive and engaging gaming experience.

6. Enhance precision with low latency

Sony INZONE Buds elevate gaming precision with low-latency connectivity. The USB Type-C dongle ensures a seamless, real-time gaming experience with latency under 30ms. Every millisecond counts, and this feature allows gamers to respond swiftly, stay ahead of the competition, and enjoy uninterrupted gameplay. The commitment to minimal latency enhances the overall gaming performance and responsiveness of the INZONE Buds.

7. Designed in collaboration with professional gamers to help you get the edge over your rivals

The Sony INZONE Buds are meticulously crafted in collaboration with professional gamers, specifically Fnatic Pro-Players, to elevate your gaming experience. This partnership ensures that the earbuds incorporate features and design elements approved by gaming experts, providing users with a competitive edge over rivals. From spatial sound precision to AI-assisted microphones, every aspect is fine-tuned for optimal gaming performance, making the INZONE Buds a trusted choice for those seeking victory in the gaming realm.

8. Access useful controls with a tap of your finger

The Sony INZONE Buds provide seamless control at your fingertips, enhancing the gaming experience. With customizable tap functions, users can effortlessly access vital controls with a simple touch. Whether adjusting in-game volume, managing music playback, or activating personalized settings through the INZONE Hub, intuitive touch controls offer convenience, ensuring a responsive and tailored gaming interface for an immersive and enjoyable gameplay.

9. Personalize your experience through the INZONE Hub software

Enhance your gaming journey with the Sony INZONE Buds by personalizing your experience through the INZONE Hub software. This intuitive platform allows users to customize sound and hardware settings, fine-tune game sound frequencies for heightened clarity, and assign tap functions for convenient control. With INZONE Hub, tailor your audio preferences to create a truly immersive and personalized gaming environment, elevating your overall gaming experience to new heights.

10. Better for the environment

INZONE is designed not only for an excellent gaming experience but also with the environment in mind. Sony is committed to using less plastic in its products and packaging. There is no plastic in our INZONE Buds packaging, which uses recycled materials 1. Recycled plastic is also used as the resin material for some parts of the headset body, the case and USB transceiver.

Source: Press Release

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Qure.ai Partners with Project Data Sphere for Cancer Care Using AI

D2C investment platform, GRIP Invest, appoints Ved Agarwal as CMO

In a pivotal stride toward advancing cancer care, Qure.ai, a leader in artificial intelligence (AI) solutions for medical imaging, and Project Data Sphere®, a nonprofit initiative of the CEO Roundtable on Cancer, have announced their partnership to augment tumor assessments using AI-enabled solutions for clinical trials and cancer care. The collaboration aims to increase efficiency and consistency in evaluating the effectiveness of cancer treatments, ultimately improving the quality of care for patients.

The focus of this collaboration is autoRECIST, a product of Project Data Sphere’s Images and Algorithms program. The program, initiated in consultation with the U.S. Food and Drug Administration, includes stakeholders and experts from across the pharmaceutical industry and academia. In collaboration with Qure.ai, autoRECIST will address the critical need for automating and standardizing tumor response assessments in medical imaging to enhance cancer treatment and research. Rooted in current imaging guidelines, this AI clinical tool will aid radiologists in the detection, selection, measuring and tracking of lesions using defined criteria.

autoRECIST can improve clinical trials and cancer treatments through:

• Enhanced efficiency and improved accuracy through the automation of analyzing medical images (such as CT scans) and reducing variability when measuring tumor size and changes over time.
• Faster decision-making in the assessment of tumor response, which enables researchers and clinicians to quickly determine if a treatment is effective or if changes in care are required.

This collaboration enables the sharing of unique insights, advanced methodologies and access to a broader network of industry leaders, further enriching the development of the autoRECIST solution.

“We are excited to enter into this collaboration with Qure to deliver tools that will streamline imaging-based tumor burden measurements, an important part of both clinical trials and routine care for cancer patients. The autoRECIST program holds the promise of improving these processes and accelerating the delivery of lifesaving treatments to patients. We are very excited to be working with Qure.ai on this important project.” said Jon McDunn, PhD, President, Project Data Sphere.

“Collaborating with Project Data Sphere marks a pivotal moment in the evolution of cancer treatment, harnessing the transformative power of artificial intelligence. Our development of autoRECIST is testament to our unwavering commitment to combating cancer. This groundbreaking AI innovation is set to revolutionize the evaluation of treatment efficacy in cancer patients. With a resolute focus on early detection, we are leveraging our data science expertise to significantly advance clinical trial methodologies, ultimately changing the landscape of cancer care.” said Prashant Warier, CEO & Co-Founder, Qure.ai

This collaboration signifies a concerted effort by Qure.ai and Project Data Sphere to make substantial advancements in cancer care and elevate patient outcomes. The integration of AI technology into the evaluation process holds the potential to reshape the landscape of cancer clinical trials and generate more effective treatments for those affected by cancer.

Source: Press Release

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D2C investment platform, GRIP Invest, appoints Ved Agarwal as CMO

LTIMindtree delivers 3.5% YoY USD revenue growth

Grip Invest, the pioneering D2C high-yield investment platform, today announced the appointment of Ved Agarwal as the Chief Marketing Officer (CMO). He will lead full-funnel demand generation, along with brand development and market expansion.

Ved is a seasoned marketeer who brings with him rich experience in building consumer brands and businesses in FMCG and consumer-technology sectors. He has also contributed to the success of marquee organisations such as Cadbury, ITC, Marico, Amazon, and D2C food brand, True Elements.

Onboarding Ved to the leadership, Nikhil Aggarwal, CEO and Co-Founder, Grip Invest said, “I am glad to welcome Ved to the GRIP Invest family. With investment products starting from as low as Rs 1000, we are looking to drive them as consumer products as opposed to traditional financial products and onboarding Ved will help us actualise that vision. Ved brings deep knowledge in Integrated Marketing for building consumer brands which entails skilfully curating brand strategy, navigating digital ecosystems, and making data & analytics a central growth anchor. Ved will play a crucial role in building a robust Content-Community-Commerce model that will drive awareness, growth & trust for Grip Invest.”

Stepping into his new role, Ved Agarwal, CMO, Grip Invest said, “I am thrilled to be joining Grip Invest to lead Marketing. Building a market-first category which operates at the intersection of Brand, Technology and Data is extremely exciting. Exponential demand around newer-investment products, democratised pricing and increased regulation and transparency strongly indicates a great consumer story unfolding. In this role, I wish to leverage AI, ML, Web3, and automation to build the brand’s superpowers and leverage data & analytics to deliver disruptive brand outcomes. I look forward to building a high-trust brand by bringing together my learnings across digital & traditional ecosystems.”

Grip Invest aims to meet the wealth-creation goals of ‘Affluent India’, which is poised to grow to 100 million by 2027. Attracting over 4 lakh registered investors and having enabled transactions over Rs 800 crore so far, Grip Invest has been pioneering the vision of democratising wealth-creation and making high-yield investment products available to the masses via its D2C platform. Additionally, Grip Invest recently raised $10 million in Series B funding.

Source: Press Release

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LTIMindtree delivers 3.5% YoY USD revenue growth

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In line with Government of India’s vision to promote digital payments and simplify financial transactions, Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today announced the launch of seamless GST payments through multiple options – UPI, Credit Card, and Debit Card, in addition to the existing Net Banking option. Kotak is India’s first bank that enables tax payers to seamlessly meet their GST obligations by choosing their preferred digital payment mode in the GST portal’s ‘E-payment’.

Kotak Mahindra Bank continues to be an ardent supporter of India’s Digital Public Infrastructure and has been participating in the growth of the digital marketplace through multiple initiatives. With the new seamless and multiple payment options, customers, even those from other banks (previously unauthorised for certain payment options), will be able to efficiently and reliably complete their GST payments. Notably, Kotak integrated with the Centre’s GST portal last year, providing a user-friendly platform for tax fulfilment through its Net Banking service.

Raghavendra Singh, President, Public Affairs & Government Business, Kotak Mahindra Bank Limited, said, “We commend the Government of India’s efforts in leading a digital payment revolution that is being recognised and adopted by countries across the world. As the first Bank in India to launch multiple GST payment options, we are delighted to pave the way for the future of digital payments through a frictionless customer experience for not only Kotak customers but for all tax payers”.

How to pay GST via KMBL’s seamless GST payment:

1. Log in to www.gst.gov.in
2. Create Challan & Select E-Payment
3. Choose from multiple payment options such as Credit Card, Debit Card or UPI
4. Select Kotak Mahindra Bank*
5. Make the payment

Source: Press Release

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LTIMindtree delivers 3.5% YoY USD revenue growth

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In the vibrant and lively month of January 2024, Majestic Group marks its 15th anniversary with an extravagant celebration across their properties at Neo Majestic, Majestic Paradise & Majestic Pride, showcasing the remarkable journey it has embarked on over the past decade and a half. The month-long event promises a grand spectacle of entertainment, featuring stunning Bollywood diva – Mouni Roy, the sensational voice of the nation – Neha Kakkar, blockbuster rapper & singer Badshah, glamorous diva Malaika Arora, Indian Cricketer Shikhar Dhawan, stand-up comedian – Gaurav Gupta, a fashion show, a beauty pageant, scratch-and-win contests, exciting prizes, international performers, Bollywood live dance acts, aerial performances, and much more.

The anniversary celebration at Majestic Pride is not just limited to the gaming floor; it’s a holistic experience that captures the essence of the casino’s majestic journey. Every weekend will see the stage light up with stellar performances by renowned celebrities, creating an electric atmosphere that resonates with the spirit of celebration.

Comedy enthusiasts can revel in the laughter-filled evenings as top-notch comedians take the stage to tickle funny bones and spread joy. The fashion show and beauty pageant promise to be a visual feast, showcasing style and elegance in abundance. Scratch-and-win contests add an element of surprise and thrill, with participants standing a chance to win fabulous prizes.

The international flair of the event is heightened by the presence of performers from around the globe, bringing diverse and mesmerizing acts to the audience. Bollywood live dance acts promise to transport attendees to the heart of Indian cinema, adding a touch of glamour and nostalgia to the celebrations.

Food lovers are in for a treat with weekend-long food festivals featuring mouth-watering cuisine from different states. From the spicy flavors of Maharashtra to the royal tastes of Rajasthan, the vibrant delights of Goa, the rich culinary heritage of Karnataka, and much more – the food festivals are a gastronomic journey through the diverse regions of India. Additionally, guests can savor refreshing cocktails, specially crafted to complement the festive atmosphere.

Amidst all the grandeur, the daily lucky draw offers everyone a chance to participate and win exciting prizes. The culmination of the celebration is the much-anticipated Mega Draw on January 28th at 11 pm, where lucky winners stand a chance to win exciting prizes.

Majestic Pride has been synonymous with luxury and celebration in Goa, and this 15th anniversary extravaganza reinforces its reputation as the go-to destination for those who seek a unique and opulent experience. As Majestic Pride raises a toast to 15 years of glory, it invites everyone to join in the festivities and experience the grandeur that has become synonymous with its name.

Source: Press Release

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LTIMindtree delivers 3.5% YoY USD revenue growth

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Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a ‘Born Digital. Born Agile’, digital transformation and IT solutions company, today announced its consolidated results for the third quarter that ended December 31, 2023 as approved by its Board of Directors.

Ashok Soota, Executive Chairman, said “Our results reflect the resilience of our business model which has continued to deliver industry-leading revenue growth in a generally difficult quarter for the industry.  We have strengthened our sales engine by creating a focused Gen-AI Business unit.  Effective April 2024, we will be creating five Industry Groups, operating as independent profit centers and led by specialized industry managers. We expect these changes to add significantly towards our FY25 growth.”

Financial highlights

Quarter ended December 31, 2023

• Revenue in constant currency grew by 0.8% q-o-q and 9.4% y-o-y
• Operating Revenues in US$ stood at $49.4 million (growth of 0.5% q-o-q: 9.0% y-o-y)
• Total Income of ₹ 43,417 lakhs (growth of 1.2% q-o-q; 15.9% y-o-y)
• EBITDA of ₹ 10,519 lakhs, 24.2% of Total Income (growth of 0.4% q-o-q; 8.2% y-o-y)
• PAT of ₹ 5,962 lakhs (growth of 2.0% q-o-q; 3.6% y-o-y)
• Free cash flows of ₹ 9,894 Lakhs
• EPS (diluted) for the quarter at ₹ 3.96

Nine months ended December 31, 2023

• Revenue in constant currency grew by 11.5% y-o-y
• Operating Revenues in US$ stood at $146.1 million (growth of 10.8% y-o-y)
• Total Income of ₹ 1,26,753 lakhs (growth of 19.1% y-o-y)
• EBITDA of ₹ 31,300 lakhs, 24.7% of Total Income (growth of 12.0% y-o-y)
• PAT of ₹ 17,641 lakhs (growth of 1.8% y-o-y)
• Free cash flows of ₹ 30,323 Lakhs
• EPS (diluted) for nine months at ₹ 11.89

Venkatraman N, MD & CFO, said “We have delivered healthy growth in profits of 12% in the current nine-month period and have beaten profit guidance for the fifteenth quarter in a row. I would like to reiterate that our growth in profit numbers is despite considering above industry average pay increase, and continued investments in newer technologies.” 

Joseph Anantharaju, Executive Vice Chairman, said, “With a strong value proposition across cloud, data, analytics, AI, intelligent automation, and cyber security, we are at the center of our customer’s strategic imperatives. This is evidenced by the ten customer additions for the quarter, with our billion-dollar customer count increasing to 59. Being recognized among Top 50 India’s Best Workplaces in IT & IT-BPM 2023 by Great Place To Work® Institute, we remain committed to sustaining a strong, diverse, equitable & inclusive culture for our team.”

Clients:

• 245 as of December 31, 2023
• 10 additions in the quarters

Our People – Happiest Minds:

• 5,246 Happiest Minds as of December 31, 2023
• Trailing 12 months attrition of 14.1% (14.4% in the previous quarter)
• Utilization of 76.7%, from 75.6% in last quarter

Key Project Wins:

• For a global education and learning company, Happiest Minds is building their Gen AI-powered hyper-personalized tutor, study plan generator and assistant platform
• For one of the largest integrated automotive service companies, Happiest Minds was chosen as their strategic partner to accelerate their cloud journey on Microsoft Azure
• For an Australian Hi-Tech Company, Happiest Minds has been chosen to build its digital retail platform
• For an Indian not-for-profit organization in the healthcare sector, Happiest Minds has been chosen to upgrade its proprietary surgical platform to drive better user experience
• For one of the world’s largest automobile original equipment manufacturer (OEM), Happiest Minds was chosen as a strategic partner to enhance dealer experience and drive omni-channel experience for their customer-facing platform
• For a leading property marketplace in South Asia, Happiest Minds is the preferred partner to upgrade its customer-facing platform
• For a global manufacturer of materials-handling equipment, this consulting-led engagement entails Happiest Minds to advise and build their data platform.

Award Wins:

• Happiest Minds is recognized among ‘Top 50 India’s Best Workplaces in IT & IT-BPM 2023by Great Place To Work® Institute
• Happiest Minds recognized among 100 Best Companies for Women in India 2023 by Avtar and Seramount
• Happiest Minds was awarded the GOLD award for its 2023 Integrated Annual Report from the League of American Communication Professionals (LACP)
• Happiest Minds’ Integrated Annual Report 2022 won Gold at the SAFA Best Presented Annual Report Awards
• Happiest Minds won fit ‘India’s Fittest Disruptors 2023’ Award
• Happiest Minds was recognized as ‘Procurement Organization of the Year’ at the 8th Annual ISM-INDIA Conference and CPO Awards 2023

Analyst Mentions:

• Happiest Minds is ‘Niche & Established’in Digital Engineering and ER&D Services – Generative AI Engineering Services  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Enterprise Software  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Consumer Software  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Software Platform Engineering  – Zinnov Zones
• Happiest Minds is ‘Leader’in Digital Engineering and ER&D Services – Small and Medium Service Providers  – Zinnov Zones
• Happiest Minds is ‘Aspirant’ in Lending IT Services PEAK Matrix® Assessment 2023 – Everest Group
• Happiest Minds is ‘Aspirant‘ in Cloud Services in Insurance PEAK Matrix® Assessment 2023 – Everest Group
• Happiest Minds is featured in ‘Transforming the Banking Industry with ESG Services’ – Nelson Hall

Source: Press Release

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LTIMindtree delivers 3.5% YoY USD revenue growth

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[NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the third quarter ended December 31, 2023, as approved by its Board of directors.

“Our strong operational performance in a seasonally weak quarter speaks about the organization’s resilience amid the continuing macro challenges. For the quarter, we reported a revenue of USD 1.08 billion, a 3.5% YoY growth in USD terms, an EBIT margin of 15.4%, an increase of 150 bps YoY, and a PAT margin of 13%, an increase of 140 bps YoY.

We have booked our highest-ever order inflow at USD 1.5 billion, representing a 21% increase YoY, and our strong cash flow metrics helped us cross INR 10,000 crore in cash and investment balance. These strong indicators make us confident to deliver on our path to success as we enter the new year.”

                                          -Debashis Chatterjee, Chief Executive Officer and Managing Director 

Key financial highlights:

Quarter ended December 31, 2023

• In USD:
• Revenue at $1,083.7 million (growth of 0.8% Q-o-Q / 3.5% Y-o-Y)
• Net profit at $140.5 million (growth of 0.1% Q-o-Q / 15.6% Y-o-Y)
• In INR:
• Revenue at ₹90,166 million (growth of 1.2% Q-o-Q / 4.6% Y-o-Y)
• Net profit at ₹11,693 million (growth of 0.6% Q-o-Q / 16.8% Y-o-Y)

Nine Months ended December 31, 2023 (YTD FY24 vs YTD FY23)

• In USD:
• Revenue at $3,217.9 million (growth of 5.6%)
• Net profit at $421.1 million (growth of 2.7%)
• In INR:
• Revenue at ₹2,66,241 million (growth of 8.7%)
• Net profit at ₹34,839 million (growth of 5.7%)

Other highlights:

• Clients:
• 739 active clients as of December 31, 2023
• $5 million+ clients increased by 5 on a Y-o-Y basis, total 149
• $10 million+ clients increased by 8 on a Y-o-Y basis, total 89
• $20 million+ clients increased by 3 on a Y-o-Y basis, total 40
• $50 million+ clients increased by 1 on a Y-o-Y basis, total 12
• People:
• 82,471 professionals as of December 31, 2023
• Trailing 12 months attrition was 14.2%

Deal Wins

• A global leader in the design, engineering, and delivery of customized facilities for high-tech industries has selected LTIMindtree as their preferred strategic partner for their Digital Transformation journey over the next 5 years. LTIMindtree will drive transformation across the technology landscape through multiple services including Cloud Migration, End User Services, Security, and Application Development and Support.
• A US-based premier oil and gas producer selected LTIMindtree as their strategic partner for end-to-end technology services. As part of the partnership, LTIMindtree will provide services across several value-based portfolios covering Digital Solutions, Platforms and Operations.
• A diversified multinational mass media corporation has chosen LTIMindtree as their preferred ServiceNow transformation partner. This engagement will help unlock the value of their ServiceNow investments, improve ROI, and drive cost efficiency.
• A leading US-based energy producer has expanded its infrastructure managed services scope with LTIMindtree.
• A global financial services technology company has chosen LTIMindtree for its Product Development initiatives.
• A utilities company in the Middle East continues to strengthen its relationship with LTIMindtree by signing another 3-year agreement where LTIMindtree will support their transformation journey by identifying areas of expansion and optimizing the technology landscape.

Partnerships

• LTIMindtree received the “Global Partner of the Year award” for Sustainability from #AWS at #reinvent2023. We received this commendation for the business impact we created for one of our marquee Utility customers, enabling them to reduce over 2 million metric tonnes of carbon emissions. This recognition accentuates LTIMindtree as a conscientious, futuristic, and sustainable organization committed to an inclusive vision, shared growth, and positive value creation with our stakeholders.
• LTIMindtree was honoured with “Partner on Boomi Award” at the Boomi World Tour. This recognition endorses LTIMindtree’s deep expertise to deliver integrated environments, power automation, and enable data-driven decision-making to give our joint customers the best business outcomes.

Recognitions

• LTIMindtree named Global Future 50 Company by Fortune Magazine in its latest edition, being the only IT Services company to feature on the list.
• LTIMindtree positioned as a Leader in Everest Group’s Cloud Services in Insurance PEAK Matrix® Assessment 2024.
• LTIMindtree recognized as Leader and Star Performer in Everest Group’s Talent Readiness for Next-gen IT Services PEAK Matrix 2023.
• LTIMindtree recognized as Leader in Everest Group’s Lending Services 2023 PEAK Assessment.
• LTIMindtree recognized in Forrester’s ‘The Application Modernization and Migration Services Landscape, Q4 2023’.
• LTIMindtree interviewed for Forrester’s November 2023 report, ‘Layers, Gates, Pipes, And Loops: A GenAI Application Architecture’.
• LTIMindtree recognized in Forrester’s ‘The Continuous Automation and Testing Services Landscape, Q4 2023’.
• LTIMindtree recognized in Forrester’s ‘The Microsoft Business Applications Services Landscape, Q42023’.
• LTIMindtree recognized as an Enterprise Innovator in HFS Horizons: Generative Enterprise Services Horizons.
• LTIMindtree recognized as an Enterprise Innovator in HFS Horizons: Life science service providers 2023.
• LTIMindtree positioned as an Innovator in HFS Horizon’s Retail & CPG Industry 2023.
• LTIMindtree positioned as a Rising Star in ISG Supply Chain Services 2023.
• LTIMindtree positioned as a Major Contender in Everest Group’s Cloud Security Services PEAK Matrix® Assessment 2023.
• LTIMindtree recognized as a Major Contender in Everest Group’s Digital Interactive Experience (IX) Services PEAK Matrix® Assessment 2023 – North America.
• LTIMindtree recognized as a Major Contender in Everest Group’s Artificial Intelligence(AI) Services PEAK Matrix® Assessment 2023.
• LTIMindtree recognized as a Major Contender in Everest Group’s Healthcare Digital Payer Services PEAK Assessment 2023.

Source: Press Release

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Quam Nichols, a manufacturer of quality commercial loudspeakers, has announced a campaign for a chance to win a Yeti Rambler. Anyone can participate in the campaign, and you not only stand a chance to win a premium Yeti Rambler but also open doors to an exciting partnership that promises to revolutionize the world of system integration. Join Quam Nichols in shaping the future of sound and security.

“We’re kicking off the New Year with updated pricing, and a fun campaign. We’re on a mission to provide unparalleled product quality and seamless integration in every AV project. To celebrate this journey, we’re excited to offer you a chance to win a premium Yeti Rambler while becoming a valued partner in shaping the future of AV experiences. Whether your drink of choice is hot or cold, this Yeti will come in handy,” says Randy Moore, President of Quam Nichols. “It’s easy to win, and there are a few ways to get your hands on these Yeti’s by getting social. You can win by posting a picture of “Quam in the Wild”. Post a picture of our products in your installation and tag us. Another way to get social and win is to comment or tag a colleague in one of our Yeti social posts. Lastly, if you’re on our website, you can win by signing up for our newsletter. We will engage with participants and send out Yeti’s while supplies last, so get social!”

This campaign starts January 15, 2024, and will continue until Quam’s Yeti supplies are exhausted with a limit of 1 per person. Quam encourages all to participate and become partners. For more info about Quam and this campaign, visit their website at: www.quamspeakers.com. You can find Quam on LinkedIn, Instagram, X, and Facebook at @QuamNichols.

Source: Press Release

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Navratri 2023: Unveiling The Importance Of Sharadiya Durga Puja