Tag Archive for enters

Zomato enters the experiential events space, launches Zomaland

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

After a decade of helping India make informed food choices with restaurant reviews and rating, food delivery, Zomato Gold and much more, Zomato presents the grandest food and entertainment carnival, Zomaland.

Zomaland marks Zomato’s entry into the space of large-scale experiential events. The larger-than-life carnival will be a whimsical delight, bringing together some of the top chefs and eateries from across the country, a stellar line-up of music artists and DJs, and never-seen-before interactive installations. It will also feature a vintage funfair with carnival games and fascinating photo booths, vibrant food parades, enthralling street performances and a dedicated zone for the children.

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INFOCOM 2018: Enters Day 2, unlocking the Digital panorama of Future

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Ben Hammersley, Futurist, Author and Global Digital Leader Ben Hammersley, Futurist, Author and Global Digital Leader, Presenter of BBC and Netflix TV series, Editor-at-Large of United Kingdom’s WIRED magazine and Inventor of the word "Podcast" discussing Life 3.0 in an interactive Spotlight session with host Mr. Ambarish Dasgupta, Senior Partner and Founder, Intueri Consulting LLP

INFOCOM, one of the largest congregations of technology professionals, buyers-sellers, corporate leaders, academics, visionaries, and policymakers, that was conceived with the aim of setting the pace for development in the Information and Communication Technology (ICT) sector, entered into the second day of the convergence. With the focal theme of the 17th edition being, ‘When Digital becomes Human’, the three-day conference witnessed a successful start yesterday and graduated into its second day for more interesting discussions and speeches by notable personalities. INFOCOM has always provided a platform that hosts a wide range of knowledgeable speakers from the private and public sector in India as well as stalwarts from all over the world. The second day of the summit fostered a gamut of discussions ranging from topics such as digital transformations across varied sectors, Eastern India as lucrative investment hub and tourism hotspots and the long run of the cyber era and its implications on many verticals.

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GIC Re enters the league of top 10 Global Reinsurers

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

GIC Re, a reinsurance company majority owned by Government of India secures 10th position amongst the top 40 global reinsures, as published by Standard & Poor’s. This is based on premium booked during Financial Year 2018.  The company registered a top line growth of 24.5% during FY 2018 recording premium of Rs 41,799 crore and surpassed two global reinsurers to achieve 10th position.

GIC Re recently announced its financial performance for Q1 FY 19 and is growing at a healthy rate given its domestic market dominance and forecasted strong GDP growth for Indian economy taken with growing insurance penetration. Its growth in Gross Premium Income was 9.3 % at a premium of ₹18,791.45 crore for the quarter ended 30.06.2018 as compared to ₹ 17,194.76 crore in the quarter ended 30.06.2017. The company showed  remarkable growth in Profit After Tax (PAT) for the quarter ended 30.06.2018 of INR ₹ 771.42 crore compared to ₹ 390.11 crore for the quarter ended 30.06.2017. Return on Equity (ROE)(unannualized), was 3.5% in the quarter ended 30.06.2018 compared to 2.1% in the quarter ended 30.06.2017. Net Worth of the company increased by 21.6% to ₹ 22,297.66 crore on 30.06.2018 from ₹ 18,336.91 crore on 30.06.2017.

Mrs Alice G. Vaidyan, Chairman-cum-Managing Director of GIC Re said “I assumed the position of CMD with clear goals before me of the Corporation entering the league of top 10 global reinsurers and simultaneously setting the corporation on the path of sustainable underwriting profitability.  This is of course apart from GIC Re setting up own syndicate in Lloyd’s of London.” Mrs Vaidyan further added:  “Metric of size alone cannot be a goal, any entity has to consistently and sustainably deliver enhanced value to all its stakeholders and we are firmly on the path of attaining our medium term goals.”

With government push towards improving insurance coverage and health scheme Aayushman Bharat on the anvil, GIC Re can be expected to benefit from emerging opportunities in health segment. GIC benchmarks its performance against the best-in-class global players. With the competitive advantage that it enjoys and with a domestic market growth momentum, on the strength of its balance sheet size and customer servicing, it can be expected to further strengthen its position globally.  Read more

L&T Technology Services enters into agreement to acquire Graphene Semiconductor Services

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited (“Graphene”) by way of an all cash deal. The transaction is expected to be consummated by October 2018.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia. Counting 10 of the world’s top semiconductor fabrication and fabless companies as its customers, Graphene provides end-to-end solutions— right from chip design, embedded software, all the way through providing support to mass manufacturing, thereby being a one-stop service and solution provider. Graphene was awarded the title of “Best Startup 2016″ by Mentor Graphics and Silicon India. Graphene had revenues of INR 663 million for the year ended March 31, 2018. Read more

Flavor of the season Darshan Raval enters the 100MN club with ‘Tera Zikr’

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

On the heels of a massive success with Chogada,  Darshan Raval enters the 100 MN club with his pop single Tera Zikr.  Released by Sony Music in association with Indie Music,  with a beautiful love story and a video that was so captivating, the single was a hit on arrival and within months reached the 100MN mark. The song has also crossed over 150 MN audio streams across platforms, making it the biggest pop song of 2018! Read more

B R Shetty-led BRS Ventures enters Afghanistan; takes over two hospitals and establishes pharmaceutical manufacturing unit

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(Left - Sitting) Dr. B. R. Shetty, Founder and Chairman, BRS Ventures; (Centre - Standing) H.E. Ashraf Ghani, the President of Islamic Republic of Afghanistan; (Right - Sitting) H.E. Dr. Ferozuddin Feroz, Ministry of Public Health, Islamic Republic of Afghanistan

Ministry of Public Health, Islamic Republic of Afghanistan and BRS Ventures, UAE today signed a Memorandum of Understanding (MOU) to take over two hospitals and establish a pharmaceutical manufacturing unit in Kabul, Islamic Republic of Afghanistan. The MoU was signed in the presence of H.E. Ashraf Ghani, the President of Islamic Republic of Afghanistan. For enhancement of the public healthcare infrastructure in Kabul, BRS Ventures will operate and manage Sheikh Zayed Hospital (SZ Hospital) and Wazir Akbar Khan Hospital (WAK Hospital) under the public private partnership model. The hospitals will be a part of BRS Ventures healthcare brand called ‘BR Life’. The MoU will be executed in 2 phases. Operations & Management of SZ Hospital in Phase 1 and WAK Hospital in Phase 2. Read more

Apollo Hospitals enters Lucknow with acquisition of a 50% stake in Medics International Lifesciences’ 330 bedded super-speciality hospital project

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Apollo Hospital Enterprise Ltd. (BSE: 508869 / NSE: APOLLOHOSP), India’s first multi-speciality chain of hospitals today announced that the company has acquired a 50% stake in Medics International Lifesciences Ltd. (‘Medics’), a 330 bedded super-speciality hospital in Lucknow. The Apollo Medics Super Speciality Hospital would strengthen Apollo Hospitals’ leadership position in the hospital space as well as enhance its presence in the state of Uttar Pradesh where it already has a strong brand equity. Apollo Medics Super Speciality Hospital is expected to be commissioned by the third quarter of the current financial year. The acquisition of the 50% equity stake is through a primary issuance of shares by Medics for a consideration of Rs.910 million which would be utilised towards hospital commissioning and related expenses. The transaction was facilitated by Advay Capital Advisors as investment bankers. Read more

eMudhra enters Latin America to curb diploma fraud with its flagship product emSigner

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr V Srinivasan Chairman eMudhra Ltd

eMudhra, a market leader in digital identity and transaction management solutions today announced its entry to Latin America in the education sector with its flagship Paperless Office Solution – emSigner. The entry caters to curb diploma fraud and completely digitize the diploma issuance process. With this entry, eMudhra has partnered with Diplogrados Ltda, the leading diploma preparation and printing provider in the region to target over 100 universities in Colombia and surrounding countries. Diplogrados Ltda, prints about 200,000+ diplomas for universities each semester in addition to other documents. Read more

shazé enters the Art Capital of the country by opening its largest store in Delhi

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

shazé Aerocity Store

shazé, a premium lifestyle brand dedicated to providing élite creations to its most privileged customers, hosted an event on account of the launch of its largest store in Worldmark, Aerocity. An enthralling afternoon affair, the event witnessed the presence of shazé’s steadfast community members, esteemed media personalities, influencers and their loyal customers. It was a lively event full of interactive and fun-filled activities for all the guests and visitors. Read more

“Christine Storm’s Clubwear” Enters into Indian Market, seeks distribution partner

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Club wear Creations by Christine Storm

After a successful showcase of her designs at the recently held fashion show in Delhi, Christine Storm has entered into the Indian market and seeks distribution partners. “The Label Christine Storm’s Clubwear will be retailed in the Indian markets through Online, Pro – shops and high end boutiques. The collection that would be available in the Indian markets will be mid and high end range comprising of the Golf and the resort line. The USP of the collection is that one can wear it on the fields and also during an evening affair” said Christine Storm. Read more