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Monday 8 November 2021

Company Updates 8.11.21

Wipro Named Salesforce.org 2021 APAC Consulting Partner of the Year for Higher Education

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company announced that it was named Salesforce.org’s Consulting Partner of the Year in the Asia Pacific region for Higher Education. Wipro earned this recognition based on its excellence serving higher-education customers, innovating on the Salesforce platform, and giving back to the community.

“We’re proud to have earned this recognition for helping our Higher-Education customers transform their organizations with Salesforce. We view this moment as a testament to the vision and dedication our clients have shown as they embarked with Wipro on their transformation journey,” said Gaurav Pruthi, General Manager, Salesforce Practice, APAC, Wipro Limited.

“Wipro has demonstrated continued leadership in the APAC Higher Education market segment, and their commitment to serving clients with compelling digital solutions made them a natural choice for this award. Wipro demonstrates continued innovation on the Salesforce platform to provide the ideal digital solutions to its clients and partners,” said Bijal Solanki, Partner Director SFDO APAC Region. 

Salesforce, .org and others are among the trademarks of salesforce.com, in

Thomas Cook India & SOTC identify strong customer desire for outdoor and adventure travel Introduce a range of thrilling Safaris & Jungle Experiences

• Extensive portfolio of India’s top wildlife safaris and nature parks
• From short breaks to immersive in-depth itineraries
• Exceptional elements: Bush Dining, Safari Game Drives, Night Trails, Escorted Nature Walks and           more
• Insurance for all below 70 years of age • Attractive pricing starting at Rs. 4,990.00 per person 

Post 18 months of restrictions, being confined at home and living in a virtual world, Thomas Cook (India) Limited - India’s leading integrated travel services company and its Group Company, SOTC Travel, have identified a strong pent-up demand for outdoor and adventure experiences. India’s unparalleled biodiversity, exceptional wildlife and jungle experiences hold strong allure, and the companies have hence launched an exciting portfolio of Safaris & Jungle Experiences intended to target India’s millennials/young professionals, honeymooners, families; equally corporates - with exciting team-building jungle getaways. The products are attractively priced, starting from Rs 4,990.00 per person for stays of 2-7 nights.

With the pandemic bringing focus to health and safety, while Indians are longing to escape from the monotony/ restrictions of work-from-home, they are actively seeking holidays away from crowds. Thomas Cook and SOTC’s Safari & Jungle Experiences are hence designed to offer safe/secluded yet magical landscapes: from rugged scrubland to lush forests, across rolling hills, watering holes and the floodplains of the mighty Brahmaputra to the awe-inspiring Sundarbans - the world’s largest delta

Thomas Cook and SOTC have included India’s top game reserves with the thrill of crossing paths with majestic tigers at Corbett, India’s oldest National Park - regarded as the ultimate tiger safari destination, or sighting a leopard at the Ranthambore National Park; a glimpse of snow leopards at Hemis, one of the world’s highest altitude parks; Bandhavgarh National Park, once a royal hunting ground and now a protected reserve for the Royal Bengal Tiger; the famed Asiatic Lion at the Gir National Park; spotting panthers, bears, pythons and elephants at Kanha National Park featured in Kipling’s ‘Mowgli’, a variety of migratory birds at the Kumarakom/Vembanad Bird Sanctuary or the magnificent one-horned rhinoceros at Kaziranga National Park - a UNESCO World Heritage Site.

In addition to exciting safari drives via a 4x4, atop an elephant, camel or in a canoe, Thomas Cook and SOTC have thoughtfully incorporated personalized/ immersive experiences like a picnic lunch post a safari drive, sundowners at an observation tower for spectacular views; campfires with bush dining or an exclusive 4- course meal. Exhilarating wildlife encounters include a night safari, wildlife trails with trained naturalists; also cycling, bird-watching or village walks with local herdsmen. Rejuvenation options include spa-wellness therapy

To ensure a once-in-a-lifetime experience, the accommodation is eclectic, with a choice of rugged tented camps, traditional mud dwellings, stone cottages, colonial bungalows to luxurious royal safari lodges or sleeping under the stars in your private machan.

Mr. Rajeev Kale, President & Country Head – Holidays, MICE, Visa, Thomas Cook (India) Limited said, “Our jungle safaris are designed to delight the senses amidst serene yet spectacular outdoor vistas and an equal measure of adrenaline infused wildlife experiences! The past 18 months have restricted Indians to the confines of their homes, and so our thoughtfully designed itineraries include India’s favourite national parks and game reserves and are packed with exciting activities for millennials, families, honeymooners and corporates alike. We have ready-to-book and itineraries co-curated with our experts based on our customers’ specific interests, be it bird watching, photography or nocturnal jungle trails. India has an incredible diversity of flora and fauna and we invite our customers to embark on a journey of discovery with our exciting product range starting at a very affordable Rs 4,990.00

TCS Recognized as a Leader in Wealth and Asset Management Services by NelsonHall

: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader in the NelsonHall NEAT vendor evaluation for Wealth and Asset Management Services

According to the report, TCS has a set of wealth and asset management services focused on transformation, integration, and implementation. TCS’ strong portfolio of proprietary solutions and platforms, including TCS BaNCS™, and fintech partnerships were cited as key strengths.

The report goes on to say that TCS’ domain expertise is drawn from its long-term experience with financial institutions. TCS’ large workforce certified in key technologies and frameworks to support consistent delivery were also highlighted as strengths. It also estimated TCS’ wealth and asset business to grow considerably over the next three years. 

“Progressive wealth and asset management firms are leveraging next-gen technologies to expand their portfolios with newer asset classes, experiment with new, innovative business models, and enhance customer experience,” said K Krithivasan, Business Group Head, Banking, Financial Services, and Insurance, TCS. “Our leadership position in this assessment is a recognition of our vision, strategy and capabilities to provide differentiated advantage to financial institutions, while creating exponential value for their end customers.”

TCS has more than four decades of experience in the asset and wealth management industry. Its experience and expertise in transforming leading asset and wealth management firms globally helps bring in a differentiated value proposition to its clients. 

TCS offers a comprehensive portfolio of services catering to all stakeholdersin the enterprise across business, operations, and IT. Through its Industry and Technology Advisory Group focused on wealth and asset management, TCS delivers industry-leading solutions and advisory and consulting services on a wide variety of industry issues. TCS has made significant investments in design studios and innovation through TCS Pace Port™ to help wealth and asset managers discover and deploy customer-centric designs that are enabling firms to pursue profitable and purpose-driven client asset growth.

TCS’ IT services span application and digital services, infrastructure services, cognitive business operations, product implementation, platform solutions and Business Process as a Service (BPaaS). TCS’ in-depth domain solutions cover all functions and covering front-, middle- and back-office processes.

Key business transformation themes driven by TCS include:

 • Providing frictionless, contactless client experiences: TCS helps wealth management firms empower advisors with key business capabilities like video conferencing, co-browsing, online meeting scheduling, digital vault, etc. thereby enriching customer experience and advisor effectiveness.

 • Launching new products: TCS helps clients launch new products and technology-led engagement models to create cross-selling, up-selling opportunities or address new customer segments altogether.

• Building more responsive, resilient operations: Leveraging its Machine First™ approach, TCS helps 1 Wealth & Asset Management Services NEAT, Andy Efstathiou, NelsonHall, September 14, 2021 Page 2 of 3 customers embed machine vision, machine learning, AI, and conversational systems into their operations, helping reduce turnaround times, while enhancing customer experience and operational resilience.

 • Hyper personalizing experiences and product designs: Leveraging AI/ML technologies, TCS helps design hyper-personalized client experiences as well as unique investment products.  

Providing sustainable returns: TCS with its investments in data offerings is helping clients adhere to their sustainability and climate risk strategies. Other emerging themes include developing digital solutions such as remote online notary and eAuthorizations, digital asset custody, hybrid platforms, next-gen estate planning, climate change, regulations like SEC derivatives framework, cloud adoption.

RELIANCE EAGLEFORD UPSTREAM HOLDING LP SIGNS AGREEMENT FOR THE SALE OF ITS ASSETS IN THE EAGLEFORD SHALE PLAY IN TEXAS USA

Reliance Eagleford Upstream Holding, LP (“REUHLP”) a wholly owned step-down subsidiary of Reliance Industries Limited (“RIL”), announced the signing of agreements with Ensign Operating III, LLC (“Ensign”), a Delaware limited liability company to divest its interest in certain upstream assets in the Eagleford shale play of Texas, USA. With this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America.

A Purchase and Sale Agreement (“PSA”) has been signed between REUHLP and Ensign on November 5, 2021 for this sale. The sale is at a consideration higher than current carrying value of the assets

Citigroup Global Markets, Inc. acted as financial advisor to Reliance and Gibson, Dunn & Crutcher LLP served as its legal counsel. 

PG Technoplast received approval under PLI Scheme of Government of India for White Goods

• The PG Electroplast subsidiary is among 26 others selected for manufacturing Air Conditioner Components
• The company has committed the fourth largest investment among those selected under the scheme. 

PG Technoplast Private Limited, a wholly owned subsidiary of PG Electroplast Limited, has received approval from Government of India under the Production Linked Incentive Scheme for White Goods under the Air Conditioner Components category. It will be investing INR 321 Crores over a period of five years which the company has already begun in FY2022.

Commenting on this occasion, Mr. Vikas Gupta, Managing Director (Operations), PG Electroplast Limited said, "We are delighted to have been approved under the PLI scheme for AC components. It is a milestone that showcases our strength in this domain and highlights our commitment towards the government’s vision of Atmanirbhar Bharat and the Make in India project. The PLI schemes will go a long way in making India the new global manufacturing hub. To meet the growing business demands we have invested heavily in our infrastructure, R&D and human capital and will continue to do so, to help us cater to our Indian and global customers. I would like to thank the Government of India for their efforts to help the industry and to also congratulate all our peers who have received the approval along with us." 

Lupinlife's Be One wins the best packaging design, graphics and brand value add award at the India Packaging Awards 2021 

Lupinlife, the consumer healthcare business of global pharma major Lupin Limited (Lupin}, won the Best Packaging Design -Graphics and Brand Value Add Award at the India Packaging Awards for its daily health supplement - Be One. This award is an initiative by lnforma Markets in India to honour the best branding initiatives from t he pharma packaging space. 

Be One is a scientifically tested supplement with the goodness of Ayurvedic marvel herbs - Ashwagandha, Pippa Ii and Shatavari in a single vegetarian capsule. Dai ly consumption of this capsule helps in boosting vitality. In October 2021, Hrithik Roshan was named the Brand Ambassador for Be One.

Speaking on this association Anil Kaushal, Head of Lupinlife Business, said, "We have received a phenomenal response to the launch of Be One and its design is as enthusing as its components. We are very humbled to receive this honour."