Ashok Leyland forms a New Committee of the Board to drive ESG
India’s leading commercial vehicle manufacturer, Ashok Leyland, flagship of the Hinduja Group, today announced the formation of an Environmental, Social & Governance (ESG) Committee headed by an Independent Director at the recently concluded Board meeting. The role of this new ESG Committee will be to provide appropriate oversight and guidance in the Company’s journey on organization-wide ESG initiatives, priorities, and leading ESG practices.
Announcing the formation of this Committee, Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said, “We are pleased to institute this new ESG Committee of our Board. This Committee will help accelerate adoption of leading ESG practices into the business and bring added focus on being sustainable and socially responsible. The endeavor is to create sustainable opportunities for people, businesses and communities that we work with.”
Commenting on the ESG Committee, Mr. Vipin Sondhi, MD & CEO, Ashok Leyland, said, “While we are focused to achieve our Vision which is ‘To be a Top 10 Global CV Player’, a deep sense of social responsibility lies at the heart of our operations at Ashok Leyland. For over 70 years, we have been committed towards the good of our customers, employees, communities, value chain partners and investors, and Sustainability is the foundation upon which this commitment has been built. The formation of this Committee will propel our efforts in taking the ESG agenda forward.”
Mr. Jose Maria Alapont, Independent Director, Ashok Leyland, added, “The aim of this Committee will be to provide guidance and support to Ashok Leyland’s ongoing commitment towards Environment, Corporate Social Responsibility, Corporate Governance and other Public Policy matters, relevant to the company.”
ESG initiatives in Ashok Leyland will be led by Mr. N V Balachander. As the President of ESG, he will lead the Sustainability agenda within the Company and work with the newly formed Board Committee to create new benchmarks in Sustainability for the Auto industry.
Cyient Wins Top Honors at NASSCOM Engineering and Innovation Excellence Awards
2021
Cyient, a global engineering and technology solutions company, won four awards at the inaugural edition of the NASSCOM Engineering and Innovation Excellence Awards 2021. The event celebrated stories of innovation and service excellence across the Indian ER&D ecosystem.
Innovation is implicit in Cyient's DNA, and the company has introduced and adopted multiple initiatives to nurture a culture that focuses on developing innovative solutions for its customers. The company also launched its innovation platform, CyientifIQ, this month to develop future-ready IP-driven solutions between the company's innovation evangelists and its collaborative ecosystem. Theserecognitions help strengthen Cyient's position as a leading global provider of innovative engineering, manufacturing, geospatial, networks, digital, and operations management solutions.
"I want to thank NASSCOM for recognizing our endeavor toward Designing Tomorrow Together with sustainable innovation. These awards are a testament to our continued commitment to innovation for our customers and community. Most importantly, I am grateful to our associates who deliver excellence every day", said Krishna Bodanapu, Managing Director and Chief Executive Officer, Cyient.
Cyient wonin the following categories:
- Social Impact Solution of the Year: Engineered by Molbio and manufactured by
Cyient, Truenat is a first-of-its-kind portable RT-PCR testing kit that enables rapid
testing at scale.
- Engineered in India Product of the Year:Cyient's Smart Power Distribution Panel
(SPDP) provides efficient and reliable power distribution within aircrafts and ensures
the highest standards of safety.
- Engineered in India Product of the Year: An indigenously developed solution,
Cyient's Software Defined Radio combines state-of-the-art technology to create an
advanced communication solutionfor the Indian army.
- Service Delivery Excellence of the Year: Cyient harnessed the power of 5G to
connect 20 million individuals across urban, semi-urban, and rural Australia.
NASSCOM launched its Engineering R&D Showcase to demonstrate India's role and impact as a global leader in Engineering R&D. The awards showcased high-impact stories cyient.com 2 of innovation, service delivery excellence, and unique talent capabilities from India along with a discussion on the challenges and best practices forleveraging India's full potential in Engineering R&D.
Glenmark Pharmaceuticals receives ANDA tentative approval for
Nintedanib Capsules, 100 mg and 150 mg
Glenmark Pharmaceuticals Ltd (Glenmark) has received tentative approval by the United States Food & Drug Administration (U.S. FDA) for Nintedanib Capsules, 100 mg and 150 mg, the generic version of Ofev®1 Capsules, 100 mg and 150 mg, of Boehringer Ingelheim Pharmaceuticals, Inc.
According to IQVIATM sales data for the 12 month period ending April 2021, the Ofev® Capsules, 100 mg and 150 mg market2 achieved annual sales of approximately $1.6 billion*.
Glenmark’s current portfolio consists of 172 products authorized for distribution in the U.S. marketplace and 44 ANDA’s pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.
Happiest Minds Technologies Wins 2021 IBM Geography Excellence
Award for APAC Best in Class - Build on IBM Cloud Partner
: Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a digital transformation and IT solutions company is proud to be honored as 2021 IBM Geography Excellence Award winner for APAC Best in Class - Build on IBM Cloud Partner. The award recognizes Business Partners in each geography who strive for excellence and have demonstrated their ability to exceed expectations through business growth and innovation while enabling client success using IBM technology, like hybrid cloud and AI.
Happiest Minds’ Digital Content Monetization (DCM) solution is a software as a service (SaaS) platform that helps organizations to digitalize their traditional content and deliver digital products and services to their customers, partners, and users in new, engaging ways that drive digital business revenue. The platform offers a consumptionbased commercial model that enables clients to quickly onboard and begin growing their digital business.
Rajiv Shah, President & CEO, Digital Business Services, Happiest Minds Technologies said, “In the current wake of the pandemic, digital has become the focus of business environments. With our ‘Born Digital . Born Agile’ positioning, our focus is to build solutions and services that directly impact the business goals of our customers with digital being the key lever. Our strategic partnership with IBM enables us to create solutions and services that are integrally tied to business goals. Our DCM solution built on Red Hat OpenShift helps modernize the business environment while delivering realtime outcomes. We are very excited to receive this award and look forward to having many more milestones like this.”
Started in 2011 as a digital, agile organization, Happiest Minds specializes in digital business services business, that helps customers modernize their current environment, accelerate adaption of digital technologies, and implement secured digital-ready platforms. Happiest Minds’ biggest differentiators are its culture and strong values, which follow a simple philosophy: ‘Happiest People . Happiest Customers’.
HCL Infosystems registers Rs. 353 Crore revenue in FY21
Mr. Raj Sachdeva, Manager of HCL Infosystems Ltd, commenting on the results’ said, “In FY21, the company continued to focus on debt and loss reduction. The Company took various actions during the year to meet these objectives.
During last financial year, the Board had recommended that both the Enterprise and Consumer distribution businesses be gradually scaled down. Accordingly, our Consumer and Enterprise Distribution businesses have been scaled down, resulting in the decline in revenues during the current financial year.
In our System Integration and Solution business, we continued to focus on deliverables of existing
projects and collection of receivables from customers
Lupin Launches Emtricitabine and Tenofovir Disoproxil Fumarate Tablets in the United States
Global pharma major Lupin Limited (Lupin) today announced the launch of Emtricitabine and Tenofovir Disoproxil Fumarate Tablets 200 mg/300 mg, having received an approval from the United States Food and Drug Administration (FDA).
Emtricitabine and Tenofovir Disoproxil Fumarate Tablets 200 mg/300 mg, are the generic equivalent of Truvada® Tablets 200 mg/300 mg, of Gilead Sciences, Inc., and indicated in combination with other antiretroviral agents for the treatment of HIV-1 infection. It is also used for pre-exposure prophylaxis (PrEP) to reduce the risk of sexually acquired HIV-1 infection.
Emtricitabine and Tenofovir Disoproxil Fumarate Tablets (RLD: Truvada®) had estimated annual sales of USD 2.1 billion in the U.S. (IQVIA MAT March 2021).
NIIT recognised as ‘Best Skill Learning Company’ at 11th Annual EdTech X
Indian Education Awards 2021
NIIT Limited, a global skills and talent development company and leading provider of managed training services, has won the ‘Best Skill Learning Company’ award at the 11th Annual EdTech X Indian Education Awards 2021. The award was felicitated at a virtual ceremony organized on June 25, 2021.
On receiving the award Abhishek Arora, EVP and Business Head, Skills and Careers Business said, “We are delighted to receive the ‘Best Skill Learning Company’ award for NIIT Ltd. at the 11th Annual EdTech X Indian Education Awards 2021. It is a great honor to receive this award on behalf of NIIT and it’s a privilege for me to be part of this exceptionally talented team”.
“NIIT has been at the forefront of skills and talent development not just in India, but around the world. During these challenging times, NIIT has shown resilience and successfully transformed to NIIT Digital. This award is a strong reaffirmation of our belief that Technology is fundamental to our growth”, he further added
Given the demand for digital transformation during these unprecedented times, NIIT has successfully transitioned its customers to the NIIT Digital platform and through this, learners are able to access their learning plans and all associated content and services digitally.
With a footprint in over 30 countries, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. The company has two main lines of business across the globe – Corporate Learning Group and Skills & Careers Business.
Congratulating NIIT on the achievement Ritu Marya, Editor-in-chief, Franchise India Ltd. said, “Indian Education Awards honor and recognize organizations that have an extraordinary impact on student learning because of their exceptional collaboration, innovation, and dedication to address societal change and therefore helping the learners bridge the gap towards New Normal”.
The Indian Education Awards now into its 11th year is one of the most prestigious awards that recognizes people in and around education, for outstanding contributions in transforming education through technology to enrich the lives of learners everywhere. The awards shine a spotlight on inspiring leaders and innovative trendsetters across the country. The award ceremony showcased and recognized India's most promising EdTech businesses of the year