Cyient Joins TM Forum to collaborate with global Communication Service Providers (CSPs) to drive digital transformation in the Communications industry
Cyient, a global engineering, manufacturing, and technology solutions company, announced that it has joined TM Forum, an international industry association that drives digital business transformation of the communications industry through collaboration and innovation.
With over two decades of expertise working with large CSPs in network planning, design, and transformation, the company has become a member of this industry association to collaborate globally with other members and the service provider community to develop improved and customized solutions across various industries. As a member, Cyient will contribute its global domain expertise to the Forum around key themes such as future-fit connectivity, autonomous operations, customer experience, and network transformation.
Commenting on the association, Prabhakar Alta, SVP and Global Head – Communications and Utilities Business, Cyient said, "We remain committed to enabling the technology-led transformation of networks and complementing it with engineering capabilities suited for Enterprise needs across various industry verticals. Our TM forum membership would accelerate this transformation by collaborating and learning from the collective experience of market-leading communications service providers, technology providers, and global enterprises. Our recent recognition from NASSCOM for the rollout of a 5G network for one of our customers is testament to our commitment and capability."
"We're pleased to welcome Cyient to TM Forum," said Nik Willetts, CEO, TM Forum. "As a member, Cyient is joining forces with our growing partner ecosystem to help global connectivity and digital service providers achieve their digital transformation and cloud migration goals, while also collaborating on the next-generation of standards and frameworks for the TMT (Technology Media & Telecommunications) industry."
We at Cyient leverage our DNA in networks, engineering, and convergence with a robust technology partner ecosystem to support Communication Service Providers in enhancing their customer experience and strengthening their Enterprises' network infrastructure and operations. Cyient provides multiple solutions across
Intelligent Infrastructure, Smart Operations, and Enterprise Network Transformation. To learn more about our offering portfolio, please visit us at www.cyient.com/communications.
Glenmark Pharmaceuticals receives ANDA approval for Clindamycin Phosphate Foam, 1%
Glenmark Pharmaceuticals Ltd. (Glenmark) has received final approval by the United States Food & Drug Administration (U.S. FDA) for Clindamycin Phosphate Foam, 1%, the generic version of Evoclin®1 Foam, 1%, of Mylan Pharmaceuticals Inc.
According to IQVIATM sales data for the 12 month period ending July 2021, the Evoclin® Foam, 1%, market2 achieved annual sales of approximately $12.0 million*.
Glenmark’s current portfolio consists of 173 products authorized for distribution in the U.S. marketplace and 47 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 wins two awards at Asiamoney Asia’s Outstanding Companies Poll 2021
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital . Born Agile’, Mindful IT Company, today announced it has won two awards at Asiamoney Asia’s Outstanding Companies Poll 2021:
1. Most Outstanding Company in India under Small / Mid-Caps category
2. Most Outstanding IPO in India
The Asia's Outstanding Companies Poll is designed to acknowledge the listed companies that have excelled in areas such as financial performance, management team excellence, investor relations and CSR initiatives. It received overwhelming support from over 1,071 fund managers, buy-side analysts, bankers, and research analysts, totaling over 5,787 individuals that voted for 190 companies in their industry sector across 13 markets in Asia.
Venkatraman Narayanan, MD & CFO, Happiest Minds Technologies said, “When we started the Company, one of our key vision components was to achieve a successful IPO on or before FY 2023 and I am very happy that we could fulfill this ahead of time. This feat and recognition would not have been possible without the support of investors, bankers, analysts, customers, partners and our very own Happiest Minds who continue to deliver high quality outcomes for our customers.”
Sunil Gujjar, Head of Investor Relations, Happiest Minds Technologies said “Happiest Minds always had a great story, be it our positioning in the market, our differentiators, and strong corporate governance practices. The IPO was clearly a defining moment in our journey as it validated our positioning in the public markets. The Asia Money awards are a recognition of our efforts over the years to continuously enhance our stakeholder engagement program. “
HCL Technologies and Lendico, an ING Germany Company, Join Forces in Building Solutions for SMEs
HCL Technologies (HCL), a leading global technology company, has entered a multi-year application services transformation partnership with Lendico, a brand of ING Germany, to deliver application and engineering services to help it create a state-of-theart digital platform that makes business banking faster and more convenient for small- and mediumsized enterprises (SMEs).
HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management. Lendico will be the first to leverage the lab to bring innovative approaches for processes, such as credit decisioning, loans collections and KYC. The lab will also enable transformational technology architectures, such as API gateways and microservices. Lendico will be able to scale by rapidly onboarding new partners and bringing new services to market faster, thus enhancing customer experience.
“We want to create complete business banking solutions that enhance our position as a strong partner for SMEs on the basis of the agile mentality that enables us to innovate and scale rapidly,” said Sven Foos, Managing Director, Lendico and Head of Business Banking, ING Germany. “HCL was the ideal partner to support our journey due to its ingrained culture of digital innovation, next-generation engineering capabilities and transformational frameworks.”
“Lendico is a frontrunner in frictionless digital SME lending, and we are excited to be a part of this transformational journey,” said Sudip Lahiri, Senior Vice President and Head of Financial Services, Europe, HCL Technologies. “Our partnership with Lendico will become a template for fintechs looking to scale digitally by embracing a platform-based ecosystem model. This approach will strengthen Lendico’s ability to reach new customers and markets quickly while remaining compliant with strict industry regulation. Our fintech lab will become a hub for financial services innovation in Europe and will further strengthen HCL’s delivery capabilities for banking clients in Germany.”
HERO MOTOCORP ACHIEVES GUINNESS WORLD RECORDS® TITLE FOR THE ‘LARGEST ONLINE PHOTO ALBUM OF PEOPLE PLANTING PLANTS’
CELEBRATES TWO CONSECUTIVE GUINNESS WORLD RECORDS® TITLES TO MARK 100 MILLION MILESTONE ACHIEVEMENT
the world’s largest manufacturer of motorcycles and scooters - has been recognized by Guinness World Record for creating the ‘Largest Online Photo Album of People Planting Plants’. As a part of the Hero Green Drive initiative, a total number of 132,775 images of people planting plants were received to achieve this prestigious title.
This is the second consecutive world record by Hero MotoCorp in quick succession after being recognized by Guinness World Records for creating the ‘Largest Motorcycle Logo’ in August 2021. The logo was made with 1845 of Splendor+ - the country’s most iconic commuter motorcycle - at its manufacturing unit in Chittoor, Andhra Pradesh.
The record for the ‘Largest Photo Album of People Planting Plants’ was announced to mark the International Zero Emissions Day on September 21, 2021 and is in continuation of the celebrations with regard to the Company’s achievement of the monumental milestone of 100 million vehicles in cumulative production on January 21, 2021.
Commenting on the occasion, Mr. Malo Le Masson, Head of Global Product Planning and Strategy, Hero MotoCorp said, “The year 2021 began with a lot of excitement as we celebrated the monumental milestone of 100 Million cumulative sales. Since then, we have had several significant milestones such as the 10th anniversary year of the Hero Brand, Guinness World Records™ of the Largest Motorcycle Logo, record sales of one lakh units in a single day and now Guinness World Records™ title for the 'Largest Online Photo Album of People Planting Plants', with 137,775 plants being planted and recorded on picture. Through this record, we have proven that Hero MotoCorp is committed to make our planet greener, while still abiding to strict covid-19 protocols.”
The GUINNESS WORLD RECORDS™ attempt for ‘Largest Photo Album of People Planting Plants’ was announced on July 28 on the World Nature Conservation Day. Several participants including employees, stakeholders and masses from across India and the company’s global markets participated in Hero Green Drive by uploading an image of them planting a plant.
Infosys Collaborates with ServiceNow to Provide Enterprise-Level Service Management for Manufacturing Customers
Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, today announced its collaboration with ServiceNow, the leading digital workflow company that makes work, work better for people, to provide enterprise-level service management for customers in manufacturing industries. Through this collaboration, Infosys will leverage its industry cloud blueprints, part of Infosys Cobalt, and deploy ServiceNow Operations Technology Management (OTM), to support manufacturing industries as they digitize their factories, floors, and plant operations.
As part of this collaboration, Infosys will harness its Enterprise Service Management (ESM) Café, built on the Now Platform, along with ServiceNow OTM, to improve resilience and availability of critical OT systems across the manufacturing landscape. This collaboration will also be extended to address the OTM, factory and operations digitization needs of customers across CPG, energy, and retail sectors.
Recently, Infosys and ServiceNow collaborated with Carrier Global Corporation, the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, to help them achieve their goal in spinning-off from their parent company UTC. Infosys Cobalt’s ESM Café helped transform Carrier’s IT, HR service desk, and security operations in the established time frame. Carrier selected Infosys for its expertise in transforming legacy environments with the Now Platform, speed of execution, and ability to fast track large-scale implementations beyond IT
Polly Fabry, Senior Director, Digital, Carrier said, “Today, manufacturing industries are looking to explore how latest cloud technologies can be used to accelerate digital transformation, optimize supply chains, improve factory performance, accelerate product innovation, and enhance service offerings. Infosys’ expertise in harnessing the full potential of ServiceNow’s platform, through its Cobalt portfolio, made them our partner of choice. We believe that the collaboration between Infosys and ServiceNow will enable us to find faster, more innovative ways to respond to changing markets and drive business resilience.”
Binoy Gosalia , Global Head of Industry Partnerships, ServiceNow said, “Speed and agility are critical for maintaining OT security. Infosys Cobalt’s Enterprise Service Management Café accelerates its manufacturing clients' ServiceNow journey with an AI-powered plug-and-play deployment solution. We look forward to our continued collaboration enabling manufacturers to navigate and succeed in today's rapidly changing environment.”
Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, “We are delighted to deepen our longstanding relationship with ServiceNow through this collaboration. Building on our deep manufacturing industry expertise, we will help maximize OT asset visibility and cybersecurity which are crucial capabilities for adopting smart manufacturing. ESM Café will fundamentally change how organizations harness technology to augment their production processes and transform them into factories of the future.”
KEC International wins New Orders of Rs. 1,157 crores
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,157 crores across its various businesses:
Transmission & Distribution (T&D): The business has secured orders of Rs 663 crores for projects in the Middle East, Africa, and the Americas.
Railways: The business has secured orders of Rs 220 crores for 2 x 25 kV Overhead Electrification (OHE) and associated works for speed upgradation in India.
Civil: The business has secured an order of Rs 173 crores for construction of a new airport terminal building and associated works in South India.
Cables: The business has secured orders of Rs 101 crores for various types of cables in India and overseas
Lincoln Pharmaceuticals Ltd plans to launch Cephalosporin products soon: acquires a plant in Mehsana, Gujarat.
Lincoln Pharmaceuticals Limited, one of India's leading healthcare companies is planning to launch Cephalosporin products soon. Company has acquired a facility in Mehsana, Gujarat. Investment in Cephalosporin plant for 30 crore including Croretcapadtv. expansion and modernisation of the facility. Acquisition and further capex will be funded from internal accruals. Company expects commercial operations from March 2022. The plant is expected to contribute sales of around =( 150 crore in the next 3 years. The plant will cater to all the Cephalosporin products i.e. Tablet, Capsule, Dry syrup and Injectable
The acquired facility in Mehsana, Gujarat has been designed as per the PIC's and European Region. Company is in the process of applying for WHO GMP Certifications for the facility and expects to receive the same by December 2021. Company is planning to manufacture 20 plus Cephalosporin products and is planning to start product registration soon for the domestic and exports market.
Cephalosporin is a bactericidal, broad-spectrum, and P-lactam antibiotic originally derived from fungus Acremonium, which is used to treat bacterial infections such as pneumonia, skin infections, ear infection, strep throat, staph infections, tonsillitis, bronchitis and others.
Commenting on the development, Mr. Mahendra Patel, Managing Director, Lincoln Pharmaceuticals Limited, said, "The entire expansion for Cephalosporin products will be funded from internal accruals. The Company has earmarked total investment of around 30 crore for this expansion. Company expects commercial production of the Cephalosporin products by March 2022. In the next 3 years, the facility is expected to contribute sales of around 150 crore from domestic markets as well as exports."
Company plans to manufacture 20 plus Cephalosporin products including Cefalexin Oral Suspension BP, Clavulanate Tablets, Cefixime Capsules, Cefuroxime Axetil Tablets among others. Company also looks to export in African, Latin America and Southeast Asia markets and expand to other markets after necessary approvals.
Recently, National Company Law Tribunal, Ahmedabad Bench has approved the scheme of amalgamation of Lincoln Parenteral Ltd and Lincoln Pharmaceuticals Ltd. Amalgamation is expected to bring a synergies in terms of operations efficiency, enhance competitive strength, cost-effectiveness and productivity for the combined entity
The liquidity position of the company is on a strong foundation, supported by healthy cash accruals, and healthy return ratios. Over the last 5 years, the company has delivered a 20% · plus CAGR in profits and higher single digit growth in sales. Backed by improvement in the company's financial risk profile, steady growth in scale & margins, healthy profitability, rating agency ICRA has upgraded the company's long-term and short-term bank facilities to A and A1 respectively.
Lincoln Pharma has a state-of-the-art manufacturing facility unit at Khatraj in Ahmedabad, Gujarat, complying with stringent international quality and compliance norms and certified by EUGMP, WHO-GMP and IS0-9001:2015. Company has developed 600 plus formulations in 15 therapeutic areas and has a strong product/brand portfolio in anti-infective, respiratory system, gynaecology, cardio & CNS, anti-bacterial, ant-diabetic, anti-malaria among others. Company has filed 25 plus patent applications and is awarded with seven patents. Company has a strong presence in the domestic market nationally with a dedicated field force of over 600 personnel who cater to more than 30,000 doctors, chemists across the country.
Tata Motors to increase prices of its commercial vehicles from 1st October 2021
Tata Motors, India’s largest commercial vehicle manufacturer, will increase the price of its commercial vehicle range in effect from 1st October 2021. The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle.
The continued rise in the cost of commodities, such as steel and precious metals, necessitates the company to pass on a part of it through increase in price of the products. The company has further strived to minimise the increase in the price by absorbing a certain portion of the cost at various levels of manufacturing. Further, Tata Motors continues the efforts to deliver the lowest total cost of ownership for its customers and fleet owners.
TCS Recognized as a Leader in ACES Automotive Engineering Services by Everest Group
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader in the Everest Group PEAK Matrix® for Autonomous, Connected, Electric and Shared (ACES) Mobility Automotive Engineering Services
The report highlights TCS’ sustained relationships with clients, a partnership-based approach, and strong thought leadership along next-generation automotive themes, as key strengths. It goes on to say that TCS demonstrates high adaptability in accommodating evolving customer requirements; and business leaders are open to new business models and terms of engagement. According to the report, clients appreciate the process-oriented approach and agility that TCS showcases during engagements, along with the quality of resources.
“Global automotive OEMs, tier 1 manufacturers and other ecosystem players are harnessing cognitive technologies, Internet of Things (IoT), and cloud to create powerful, tech-enabled experiences for customers. Our automotive solutions suite enables connected and autonomous vehicle ecosystem players to leverage these emerging technologies to accelerate product innovation, connected experiences, drive competitive differentiation and become future-ready,” said Susheel Vasudevan, Business Group Head, Manufacturing and Utilities, TCS. “This Leadership position is a reflection of our strong vision, capabilities, technology expertise, and the resultant market success.”
TCS leverages its unique consulting-led Value Discovery approach that brings together the right business stakeholders from across functional groups of customer organizations to create their mobility vision, strategy and roadmaps. The company’s expertise in digital technologies and experience across the automotive industry enables it to construct and drive a path to exponential value for its customers with relevant use cases and a value-driven implementation plan.
TCS offers a comprehensive portfolio of ACES automotive engineering services across the value chain for global automotive manufacturers and component suppliers. It helps automotive customers design and develop smart, safe, and connected products and ecosystems, utilizing its deep domain knowledge, global services experience in consulting, embedded software, hardware electronics, mechanical engineering, infrastructure services, data management, automation, AI/ML and analytics.
A dedicated research team focuses on developing new methodologies in ACES services and processes to innovate faster and adopt new automotive trends and technology advancements. Further TCS has invested in building proprietary solutions in the ACES space to help customers innovate and accelerate product development. These include:
• TCS Autonomous Development Platform: Accelerates end-to-end autonomous vehicle development with an AD/ADAS algorithm development solution, integrated data management solution addressing rapid data collection, analytics, validation and virtualization.
• TCS AutoscapeTM solution suite: Enables connected and autonomous vehicle ecosystem players to pursue new business models, launch new services quickly and deliver differentiated experiences and value to end-customers.
• CHAdeMO Protocol Tester Tool: A unique testing tool for protocol validation for electric vehicles. It is a lightweight tabletop, user friendly hardware module with an intuitive graphical user interface which helps customers generate automated compliance reports.
• TCS DigiFleet™: An IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights to customers about their fleet and freights and helps enhance visibility and operational efficiency of their logistics on the move.
Additionally, TCS leverages itsstrong partner ecosystem, consisting of leading technology providers, cloud providers, academic institutes, and industry consortia, including semiconductor manufacturers, automotive compliance consortiums, and product testing partners, and its own intellectual property, to help customers accelerate and scale their product innovation programs.
“TCS’s position as a Leader in the ACES PEAK Matrix® is derived from its software and digital technologybased expertise, which it leverages to deliver value across next-generation mobility domains. It has developed a diverse set of proprietary solutions around ADAS, connected solutions such as V2X and vehicle diagnostics, EV architecture and prototyping, and various fleet management solutions and platforms within the ACES space. The firm has partnered with key ecosystem players, such as hyperscalers, chipset makers, research institutions, startups, and consortia, to bring scalable end-to-end solutions to their clients. It has also invested in infrastructure, such as labs for testing and validation, experience centers for co-development and innovation, and CoEs to develop talent and expertise in emerging mobility areas. Clients appreciate TCS’ strong domain experience, and its ability to ramp-up, using technically strong teams needed for the program, while showing commercial competitiveness and flexibility in its engagements,” said Akshat Vaid, Vice President, Engineering Services, Everest Group.
“The automotive industry is seeing a drastic inflection in adoption of new technologies in the ACES space and demands an accelerated pace of scale and innovation to cater to the same. With its strong expertise in the automotive engineering domain and proactive investments in building IP-based solutions, skills and scale in areas such as AI/ML, IoT, high performance computing and 5G, TCS is enabling customers to accelerate their ACES journey,” said Regu Ayyaswamy, Global Head, IoT and Engineering & Industrial Services, TCS.
Torrent Power acquires 156 MW Wind Power Plants from CESC Limited
Torrent Power Limited has entered into a Share Purchase Agreement with CESC Limited, Haldia Energy Limited and other Nominal Shareholders (the Sellers) for the acquisition of 100% of the share capital of Surya Vidyut Limited (the SPV), wholly owned subsidiary of CESC Limited. Surya Vidyut operates 156 MW Wind power plants (the Projects), spread across the states of Gujarat, Rajasthan and Madhya Pradesh. Long-term Power Purchase Agreements (PPAs) for the Projects are with respective State Discerns for a period of 25 years, with weighted average PPA tariff of Rs. 4.68/ kWh. Enterprise Value estimated for this acquisition is about ' 790 Cr., subject to Closing Price Adjustments. The acquisition is further subject to customary conditions for transaction closure.
Torrent Power, the integrated power utility of the diversified Torrent Group with group revenues of' 20,500 Cr (approx. USD 3 billion) and Market Cap of '75,000 (approx. USD 10 billion), is one of the largest companies in the Country's power sector with presence across the entire power value chain of generation, transmission and distribution.
Torrent Power currently has an aggregate installed generation capacity of~ 3,879 MW comprising of~ 2,730 MW gas-based capacity, ~787 MW renewable capacity and ~362 MW coal-based capacity. Further, renewable power projects of ~815 MW are under development, of which LOAs have been received and PPA has been executed for projects of 515 MW. With the acquisition of 156 MW Wind Power Plants, Torrent Power's total generation capacity, including under development portfolio, will reach to ~4.9 GW with renewable portfolio of more than ~1 8 GW. This acquisition initiates Torrent's renewable energy presence in the States of Rajasthan and Madhya Pradesh and is in line with the Company's strategy to grow and strengthen its position in the Renewable Energy sector.
CESC Limited, belongs to RP-Sanjiv Goenka Group and is a vertically integrated power utility engaged in generation, transmission and distribution of electricity. CESC Limited (53.79%), Haldia Energy Limited (46.21%) along with other Nominal Shareholders hold 100% equity share capital of Surya Vidyut Limited.