| MUMBAI, India, May 23, 2022 /PRNewswire/ — La Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a listed company in the steel trade since 1987, dealing with Colour Coated Steel Sheets, are title sponsors for the 5th edition of the NSCI Juniors and Seniors national squash tournament.
The event, co-promoted by Squash Rackets Federation of India (SRFI) & National Sports Club of India (NSCI) has attracted the top players from across the country in all age groups right from under 9 to a senior’s division. Cricket is the most dominating sport in the country and La Tim Group as a company wants to offer a spectrum of possibilities by sponsoring this squash tournament, thereby giving opportunities and promoting other sports in India. They are keen to promote talent amongst juniors and seniors across the country in these emerging sports. Apart from the awards and accolades, winners from all categories will also enjoy free stays at the groups Malshej resort. “Squash is a game of action. It’s not only a sport but also teaches us to be creative, committed and on our toes. As a matter of fact, all sports need to be encouraged by entrepreneurs and this is a humble contribution by La Tim Group,” said Rahul Timbadia, MD, La Tim Group. About La Tim Group The La Tim Group is also in the business of Real Estate and Hospitality. Its real estate division, La Tim Lifestyle & Resorts, initiated land trading and real estate development from Panvel and its surrounding areas in Raigad district, Maharashtra. La Tim has an un-utilized land parcel in Khopoli – Pali, Raigad district with huge business potential. With the central government’s focus on nation-building through infrastructure development, La Tim recently announced Phase 1 of an Industrial Park on 30-40 acres of land parcels on Khopoli – Pali Road. The company’s Industrial Park is well placed alongside an existing hub of steel industries including Tata Bhushan Steel Ltd, Asian Colour Coated Ispat Ltd, Uttam Galva Steels, Top worth Pipes and Tubes, Maharashtra Seamless Tubes & JSW Steel Plant, and many more in the nearby vicinity. La Tim’s Industrial Park is strategically located on the main road and is easily accessible from Mumbai & Pune. Furthermore, Khopoli – Pali Road has been recently declared as a National Highway, leading to Dighi Port, whose construction is going on at a remarkable pace. The Industrial Park is located at an equidistance from Dighi Port and Nhava Sheva Port and is accessible by railway from Roha and Khopoli Railway station. La Tim is coming out with smaller plots ranging between 1,000 square meters to 4,000 square meters suitable for Service Industries, Warehousing, Small and Medium Scale Industries, and more. The Company is hoping that this will generate additional revenue of around INR 60-75 crores and additional operating profit in the range of INR 35-45 crores. The incremental income will be utilized further to develop another phase of an industrial park and/or value addition to the existing manufacturing unit of the steel division by way of backward integration. La Tim Hospitality includes the well-known ‘Saj Resorts’ brand which owns hotels in stunning locations such as Mahabaleshwar and Malshej Ghat in Maharashtra, while also developing an upcoming hotel in Pench Tiger Reserve in Pench district of MP, 95 kms from Nagpur. Additionally, it operates fine dining restaurants in Goa. Logo: https://mma.prnewswire.com/media/1689538/La_Tim_Metal_Industries_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same) |
Month: May 2022
Cyril Amarchand Mangaldas Advises on Acquisition of Ambuja Cement and ACC Ltd. by the Adani Group for USD 10.5 Billion
Largest transaction in India’s infrastructure & materials space
Cyril Amarchand Mangaldas acted as the legal counsel to the Adani Group on its acquisition of controlling interest held by Holcim Group in Ambuja Cements Limited and ACC Limited. This is the largest transaction in India’s infrastructure and materials space, valued at USD 10.5 billion, and has triggered two open offers, each in respect of Ambuja Cements Limited and ACC Limited.
The General Corporate (specifically Public M&A), Financing and Competition Law Practices of Cyril Amarchand Mangaldas advised on the Transaction. The transaction was led by Cyril Shroff, Managing Partner; along with Anchal Dhir, Partner; and Paridhi Adani, Partner.
The Open Offer process is being led by Anchal Dhir, Partner; along with Aditya Prasad, Partner; and Navin Kumar, Partner.
The Financing aspects of the transaction were led by Santosh Janakiram, Partner & Head-Projects; and Subhalakshmi Naskar, Partner; with assistance from Anand Deshpande, Principal Associate.
The Competition Law advisory and application process was led by Avaantika Kakkar, Partner and Head Competition and Kirthi Srinivas, Partner, with assistance from Aakriti Thakur, Associate, Swaha Sinha, Associate.
The Due Diligence Team included (i) Corporate and Finance – Anand Deshpande, Principal Associate; Suryanarayana Mohan, Associate; and Janani Chandrasekaran, Associate; (ii) Litigation – Monark Gahlot, Of Counsel; Anush Mathkar, Principal Associate; and Rishit Vimadalal Associate; (iii) Competition Law – Kirthi Srinivas, Partner; and Shivani Sathe, Associate.
As a part of the Transaction, Endeavour Trade and Investment Ltd. (a Mauritius incorporated company belonging to the Adani Group) is to acquire 100% shareholding of Holderind Investments Ltd., Mauritius (promoter of Ambuja Cements Ltd. and ACC Ltd.) from Holderfin B.V, a Holcim group company.
Latham & Watkins acted as English law counsels to Adani Group for the Transaction.
The Transaction was signed on 15th May, 2022.
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)
FII Institute unveils new Inclusive ESG™ Framework and Scoring Methodology & announces strategic investment in leading green tech firm
RIYADH, Saudi Arabia, May 20, 2022 /PRNewswire/ — The Future Investment Initiative (FII) Institute hosted a London summit about ESG in Emerging Markets, involving world leaders, global CEOs, international investors, thought leaders and heads of sustainability, where:
The new Inclusive ESG™ Framework and Scoring Methodology aims to give unbiased ratings for companies in emerging markets who currently receive less than 10% of ESG flows, despite being home to nearly 90% of the world’s population and roughly half of global GDP. ESG rating agencies are one of the main barriers to increasing investment in emerging markets (EMs). Currently, mainstream rating agencies employ KPIs not relevant to EMs. The existing frameworks focus too much on disclosure and ignore year-over-year performance improvement. The new framework, developed with the support of Ernst & Young (EY), values performance improvement over time more than breadth of disclosure, emphasizing sectoral challenges rather than country risks, to ensure fair competition between companies in both emerging markets and developed markets. The FII Institute is putting its money where its mouth is by investing €500,000 in Timbeter, a leading green tech company specialising in timber measurement. To increase supply chain transparency, sustainability and certification, in line with ESG processes, Timbeter provides an AI-driven photo-optics application that accurately determines the quantities of logs in an area with precise length and diameter. This technology is key to a more proactive management of forests and a more sustainable sector. The ESG White Paper is designed to encourage greater ESG investment in emerging markets. It calls on:
Richard Attias, CEO of the FII Institute, said, “Central to our work at FII Institute is to increase awareness about the weaknesses in current ESG standards and their impact on global sustainability prospects, and to advocate for an inclusive and equitable application of ESG through driving real action by key players globally. “ESG has been one of the fastest growing investment strategies over the past few years, accounting for one third of all assets under management. But this growth is not even. Working with our partners at EY, we identified and removed the barriers to ESG investment in emerging markets, which are often overlooked. By launching the Inclusive™ ESG Framework and Scoring Methodology, investing in a global sustainable solutions company, and publishing our recent ESG white paper – we are making tangible actions to create a better future for humanity. And we are confident that our partners around the world will help us drive those actions further.” (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same) |
OYO Announces a Free Stay after 5 Night Stays
- This Summer, OYO has witnessed two record breaking weekends since the lockdown. OYO’s Wizard program is set to benefit frequent travellers as the country’s travel confidence is at an all time high
- Stays eligible after joining OYO’s upgraded loyalty program – Wizard
- With over 9.2 million members, OYO Wizard is one of the largest loyalty programs run by leading travel or food brands in India
Global hospitality technology platform, OYO today announced that its customers will be eligible for a free stay after every 5 night stays. This is an initiative to boost travel in post-pandemic India. The free room night offer will be available to the Gold members of its loyalty program called Wizard. Designed for the frequent traveller in India, Wizard will also offer upto 10% discount on OYO’s Wizard hotels across India, and a lot more.
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OYO Townhouse
With over 9.2 million members, OYO Wizard is one of the largest loyalty programs run by leading travel or food brands in India & the largest in the budget category segment in India. Designed to enable travellers, the travel tech company’s loyalty program aims to reward OYO’s regular customers. Across India, Delhi, Bangalore and Hyderabad are the top subscriber markets for OYO’s loyalty program.
At present, OYO Wizard is available across 3 tiers – Wizard Blue, Wizard Silver and Wizard Gold. As a member, Gold customers are entitled to one free stay per year after five nights stayed at OYO. Wizard Silver and Blue customers can enjoy a reward stay on their seventh and eight nights respectively. In addition to this, Gold members are also eligible for unlimited ‘Pay at hotel’ bookings rather than having to prepay for their bookings. OYO has also tied up with 13+ renowned brands such as Dominos, Lenskart, Rebel Foods, Gaana, among others to offer users discount coupons and vouchers to its Wizard club members.
Speaking on the launch of the revamped loyalty program, OYO Wizard, Shreerang Godbole, SVP – Product & Chief Service Officer – OYO said, “OYO caters to value conscious customers, be it families, friends, small business or even employees of large corporates. Our incentives such as free room nights and discounted stays give yet another compelling reason for them to choose to stay at OYO repeatedly. Our share of nights booked by repeat customers in India was over 70% in the year ended March 31, 2021. We believe that our improved loyalty offerings will appeal a lot to this large customer base.”
OYO offers customers a slew of features aiming to ease and enhance their booking experience, such as the 3 steps booking process on the OYO App, browsing storefronts based on location, among others. OYO’s zero cancellation fee policies are also designed to offer the best customer experience for today’s evolved travellers.
This summer, OYO witnessed two record breaking festive weekend bookings in April 2022. Over the Good Friday and Vishu week, OYO clocked in 8 lakh bookings, the highest ever in 2022, surpassing New Years, which is usually a high demand holiday. Furthermore, as per OYO’s Mid-Summer Vacation Index 2022, every 1 in 2 Indian travellers had plans to head out on their first trip since 2020 and approx. 94.8% of respondents wish to travel domestically. Keeping in mind this steady surge in travel, Wizard customers are set to benefit from OYO’s loyalty program.
Frequent travellers can become a Wizard member by downloading the OYO app and clicking on the top left menu, which leads to the Wizard homepage. Here, users can select between Wizard Blue, Gold and Silver memberships. Alternatively, users can also click on the Wizard banner accessible on the homepage of the OYO app.
Notes: ~9.2 million Wizard members as of March 31, 2021
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)
Kitchen Brains Accelerates Growth with Investment from Source Capital
| STRATFORD, Conn., May 19, 2022 /PRNewswire/ — Kitchen Brains® (the “Company”), a leading designer and manufacturer of fully integrated smart cooking computers, electronic controls and software solutions for commercial foodservice operations, is pleased to announce that Source Capital, LLC (“Source”), a private equity firm, has acquired the Company. The terms of the deal were not disclosed.
Based in Stratford, CT, Kitchen Brains brands include (FAST)® controls and timers, Modularm® environment monitoring and QPM, an innovative SaaS production management solution that enables automation across restaurant cooking operations to ensure food is hot, fresh and availableTM. Kitchen Brains serves a broad spectrum of customers, including some of the largest foodservice operators and original equipment manufacturers (OEMs), in more than 125 countries across the globe. The Company’s products enable customers to reduce costs, drive productivity and increase guest satisfaction. Source Capital is proud to partner with the Kitchen Brains team, led by CEO Christian Koether, to continue building on the Company’s 50+ year legacy of innovation. The acquisition follows the highly successful implementation of USA2020, a multimillion-dollar equipment investment by Kitchen Brains in its Connecticut manufacturing facility, and the Company’s recently announced partnership with Microsoft Azure to provide state-of-the-art connectivity and cloud-based business intelligence and advanced reporting. Source and the Kitchen Brains team plan to deepen the Company’s established customer relationships, while also targeting expansion opportunities for both its hardware and software offerings “We are excited to partner with Source Capital, as this new relationship will enable us to accelerate our product pipeline, bolster our scalability and provide greater access to both financial and human capital resources, all of which benefit our customer base,” said Christian Koether. Ben Emmons, Managing Director at Source Capital, stated, “Kitchen Brains has built an impressive company, with deep industry relationships and global reach. We look forward to delivering added value and incremental resources to further build the business together.” For more information about Kitchen Brains, please visit: kitchenbrains.com. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same) |
Finolex Cables announces Kartik Aaryan and Kiara Advani as brand ambassadors.
Launches a new 360° marketing campaign with a unique positioning of – ‘No Stress. Finolex.’
Finolex Cables Limited, India’s leading manufacturer of electrical and telecommunication cables, introduced Bollywood superstar Kartik Aaryan & Bollywood Sensation Kiara Advani as its brand ambassadors while announcing a brand refresh with the launch of a new 360-degree campaign – ‘No Stress. Finolex’. To ensure the brand engages with the youth of India, Finolex Cables has roped in the next-gen heartthrob Kartik Aaryan and the new dream girl of the nation Kiara Advani as brand ambassadors. The new campaign will showcase the diverse product range of ceiling fans, LED lights along with electric cables and wires in 3 TVCs featuring the two actors.
Originally founded as a wire manufacturer, Finolex Cables has been a household name in India since 1958. In its never-ending quest of providing total electrical solutions to its consumers, the company has expanded its portfolio to include a wide spectrum of products such as Electric Water Heaters, Fans, LED lights, Switches, Switchgear etc. The company exemplifies the highest standards of quality in every product and aims to be the most customer-centric organization in the country. With this philosophy, Finolex Cables’ new positioning aims to ‘Xceeds Xpectations’ of its patrons.
Talking on the brand refresh, Mr. Deepak Chhabria, Executive Chairman, Finolex Cables said, “Driven by a set of timeless values and a contemporary vision, Finolex Cables has always provided quality products to its customers, which we will continue to do with our refreshed brand mantra of ‘Xceeds Xpectations’. Our growth in the FMEG segment is a testimony of our unparalleled understanding of the discerning needs of the customer. With a diverse product portfolio range and a robust distribution network, we aim to carry forward our cables and wires legacy and become the number one destination for all FMEG products in the country.”
Announcing the campaign, Mr. Amit Mathur, President – Sales & Marketing said “There is a rising awareness among the new age consumers about safe, smart and stress-free home solutions. Our dedication and passion in making our customer’s life Stress Free has resulted in designing our products to be feasible and dependable. The new campaign reiterates this purpose and our promise to go beyond customer expectations by providing them with reliable and innovative electrical solutions. We are delighted to have Kartik Aaryan and Kiara Advani, two of the most promising and talented young actors of the film industry to be the face of the brand and help further strengthen the brand’s connect with its customers.”
The new brand ambassadors represent the company’s ethos, which is deeply entrenched in Finolex’s philosophy of “quality, innovation and integrity.” As youth icons, both Kiara Advani and Kartik Aaryan bring in zest and energy, which will play a pivotal role in connecting Finolex with the new generation of consumers.
Speaking about his association with Finolex Cables, Kartik Aaryan said, “I am pleased to be associated with Finolex Cables, a brand that has quality products, diversified product portfolio and a strong market presence. The new campaign being relatable and refreshing, resonates with my personality and is in sync with today’s youthful mindset.”
Being the face of the brand, Kiara Advani, said “I am glad to represent a brand with such a positive and deep rooted Indian legacy. While there is constant innovation and new designs, the quality is never compromised and I’m elated to be part of something that represents such consistency.”
Link to Campaign films: Finolex Fans – Kartik and Kiara – YouTube
The ‘No Stress. Finolex’ campaign will roll out in the second week of May and will reach the audience through traditional and new age mediums including the brands digital channels. The 360-degree campaign will showcase multiple aspects of the brands positioning and product portfolio and will have renditions on Television, radio, digital, BTL and OOH platforms.
A Leading Business Coach Rajiv Talreja Discusses the Ongoing Situation in the Indian Start-up World
Podcaster and entrepreneur Raj Shamani’s talk with Asia’s leading business coach Rajiv Talreja
Entrepreneur and Podcaster Raj Shamani recently featured Rajiv Talreja, Asia’s leading Business Coach on his podcast Figuring Out with Raj on his YouTube channel.
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Rajiv Talreja and Raj Shamani
The topics of this conversation ranged from entrepreneurship – how to scale a business, what to keep in mind while building teams and how the start-up ecosystem has become a complete sham, why raising rounds of funding has got biased importance in the media and also about the real fundamentals of business.
Talking about what the future billion-dollar industry will look like, Talreja speaks about how his company is building a tech that decentralises the power dynamics in the business world. The concept and myths about the hustle culture were also tackled in the conversation.
The conversation then steers towards the current scenario in the Indian start-up world. Entrepreneurs are only focused on valuations instead of focusing on value creation. In a world where valuations and unicorns are being massively celebrated, the focus is not on the real heroes- small and medium business owners who not just make profits silently, they also create jobs and help boost the economy of this country!
The opinions are not against start-ups. It calls out the problem of how start-ups are being built. According to Talreja, start-ups are important but the way they are being built is not right. Raising money is important but glorifying valuations that do not give out value is wrong. It erodes the wealth of the common man which is the problematic approach in current Indian start-ups.
What does this conversation mean for entrepreneurs?
The unfiltered, honest dialogue between the host and the guest, brings out stark realities in the world of entrepreneurship.
They help aspiring or young entrepreneurs realise the truths about funding, and the world of venture capitalists and also helps seasoned entrepreneurs understand how they should approach entrepreneurship in this fast-changing world.
Speaking about Shamani, Talreja says that he made him comfortable enough to be his ‘unfiltered version’ for this interview. “I loved doing this,” he says at the end of the podcast. “If you are in your 20s and you are talented, there is no dearth of opportunities for someone like you,” Talreja says about Shamani.
The video has now been highly circulated in entrepreneurship circles, be it on WhatsApp groups or the tweets of renowned entrepreneurs like Harsh Goenka!
The snippets from the video are appreciated for their straightforward nature of speaking the truth. The video also holds meaning because Talreja also tackles topics like how to build a scalable and profitable business, how to rise from failure and where did he learn it all.
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)
Talview Wins HR Tech Award 2022
| Named Winner for Talent Acquisition: Best Comprehensive Solution
BANGALORE, India, May 19, 2022 /PRNewswire/ — Talview, the global talent measurement leader for AI-powered hiring and proctoring solutions, is proud to announce they have received the 2022 HR Tech Award for Talent Acquisition: Best Comprehensive Solution. Talview is both excited to receive this affirmation of their progress in enhancing and simplifying recruiting workflows for talent acquisition (TA) and recruiting teams. “With more and more companies hiring remote workers than ever before, talent leaders need a solution to give them confidence in the abilities of those hires,” said Ben Eubanks, Chief Research Officer, Lighthouse Research & Advisory. “Talview tackles that common need with a unique solution, offering remote proctoring, assessments, and support for employers as they screen candidates. We were definitely intrigued by this offering.” According to their data, Lighthouse Research & Advisory, the company behind the HR Tech Awards, more than 5,000 providers exist across the HR technology landscape, with more entering the space every single day. This year, the HR Tech Awards is recognizing approximately 1% of those firms for their focus on creating solutions that solve problems their customers care about. “We see this award as a validation of our efforts to meet the demands of talent acquisition in the new digitized world,” said Sanjoe Tom Jose, CEO, Talview. “There is a tremendous opportunity to disrupt traditional methodologies in favor of new, innovative solutions that improve the speed and efficiency of the hiring process, provide talent insights to identify best-fit candidates, and boost employee retention. This award shows that Talview is leading the way.” The Talview Measurement platform centralizes and orchestrates hiring and proctoring workflows into a seamless process, resulting in:
Talview Solutions integrate with top ATSs, LMSs, HR technology, and assessment providers. These integrations with Talview Solutions culminate in a reliable, easily accessed single source of data for greatly improved candidate insights. Talview’s regular internal audits ensure compliance with global laws and regulations, including GDPR, PDPA, COPPA, CCPA, and SOC II. The HR Tech Awards are powered by Lighthouse Research and Advisory. The goal of the HR Tech Awards is to provide high-quality, reliable information on the latest innovative HR and TA technologies that solve the problems facing industry professionals today. A panel of independent judges review dozens of entries for specific criteria including tangible results, key differentiators, and the company behind the technology. “The hiring and proctoring landscape has radically changed over the last two years. Flexibility and the ability to integrate with other software are no longer nice-to-have, these are now must-have features,” said Dr. Fred Rafilson, Chief I/O Psychologist, Talview. “The day of siloed software solutions is past. TA and HR technologies must integrate to create maximum value for their organizations throughout the hiring process – from recruiting, screening, interviewing, and pre-hire assessments, to talent decisions and beyond.” Talview elevates the hiring process onto a talent measurement platform, delivering a single source of truth for hiring and proctoring data. This reduces entry errors and provides a comprehensive picture of the entire talent lifecycle. The goal is to improve efficiency, reduce bias, increase diversity, and ensure confident, informed decision making. The 2022 HR Tech Award for Talent Acquisition: Best Comprehensive Solution tells us we’re making great progress. Learn more at Talview.com. Logo: https://mma.prnewswire.com/media/1814341/Talview_logo___2000x2000_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same) |
pTron debuts Wireless Neckband with ultimate 60Hrs playtime
- Tangent Urban, pTron’s newest premiere Wireless Neckband allows wearers to enjoy gaming and audio in real-time with industry-leading 50ms Low Latency
- Tangent Urban is also equipped with DSP technology for Environmental Noise Cancellation that offers super sharp calling experience.
pTron, the rapidly growing and leading maker of affordable and high-quality digital lifestyle and audio accessories brand in India, announced today the release of TANGENT URBAN, the next-generation wireless neckband earphone for gaming and entertainment.
Engineered with proprietary AptSense Technology for exceptional gaming experience and an unprecedented 60Hrs battery life on a single charge, TANGENT URBAN is made for the Urban youth, which allows wearers to enjoy pristine audio output for music, entertainment, and talk time.
Commenting on the launch, Mr. Ameen Khwaja, Founder & CEO, pTron, said, “For every avid gamer even the smallest amount of lag between one’s device and earphones can quite literally be life and death within the game. With that in mind, we designed the TANGENT URBAN to be the ultimate neckband for Gaming, entertainment & calls. The perfect companion for young trendsetters looking for an affordable pair of great quality earphones, Tangent Urban is a break-through entry in the Wireless Audio segment that offers best-in-class 60-hours playtime, DSP ENC Tech, and AptSense 50ms gaming technology. The powerful & versatile Tangent Urban comes out on top compared to its competitors that offer Wireless Neckband with similar specs at 2x the price all at an incredible launch price of INR 799/- only.“
Equipped with the most advanced Bluetooth v5.3 for fast & seamless 1-step pairing with any device, the all-new Tangent Urban is designed for those who want the best of the best for calls, and music, allowing users to experience wireless audio without limits. Packed with TrueSonic Bass Boost Technology including 10mm dynamic drivers & expertly crafted EQ, Tangent Urban offers a max performance so that you can experience every bit of your favourite bass-heavy music.
The sleek and versatile Tangent Urban with magnetic locking IPX4 rated ear-tips design is tailored for sports and active lifestyle that stays put even when you sweat & grind. Maximizing flexibility and comfort, the innovative design of Tangent Urban is made keeping in mind long hours of use without compromising on sound. With USB C Quick charging capabilities, the neckband offers 4H of play in just 10 mins of charge. The neckband features easy & durable button controls to control music & calls and activate voice assistant.
Designed in harmony with life’s hustle pTron Tangent Urban Wireless Neckband keeps you going on every occasion, be it a casual morning run or those busy workouts by the gym. Equipped with Dual Device connectivity, Tangent Urban also makes for a perfect device for online conferences, meetings, classes, and remote offices indoors or outdoor.
pTron Tangent Urban comes in three attractive colorways – Fav Black, Ocean Green, and Magic Blue to suit your daily lifestyle and will be available at a special introductory price of INR 799/- only on 18th May, 12PM onwards.
For the launch, Tangent Urban will be available at an exciting price of INR 99/- for the first 100 customers only.
| pTron Tangent Urban – Technical Specifications | |
| Play-time | Up to 60 Hours |
| Bluetooth Version | Bluetooth v5.3 with 10m range |
| Build | 37g Lightweight with metallic finish ABS body |
| Battery | 400mAh Built-in Rechargeable Li-Polymer |
| Audio Technology | 50ms Low Latency with proprietary AptSenseTM Technology |
| Noise Cancellation | DSP Environmental Noise Cancellation Technology |
| Driver size | 10mm Dynamic Bass Boost drivers |
| Charging Time | Up to 2Hrs |
| Water Resistance | IPX4 |
Product Link:
“Infrastructure is the Key to Boost Indian Economy”: Mr. Basavaraj Bommai to Construction Equipment Industry
“Government of India to invest more than INR 100 lakh crores over the next five years on infrastructure”: Gen V K Singh
The infrastructure sector is receiving an intense push from the Government, propelling India’s overall development and GDP. The new policies announced by the Government of India would ensure the time-bound creation of world-class infrastructure in the country, making it India’s new identity globally,” said Shri. Basavaraj Bommai, Chief Minister, Government of Karnataka.
The infrastructure sector is receiving an intense push from the Government, propelling India’s overall development and GDP. The new policies announced by the Government of India would ensure the time-bound creation of world-class infrastructure in the country, making it India’s new identity globally,” said Shri. Basavaraj Bommai, Chief Minister, Government of Karnataka.
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L to R: Kamal Bali, Dep Chm CII South, Dimitrov Krishnan, Co-Chm EXCON, Karnataka CM Basavaraj Bommai, General (Dr.) V K Singh, Minister for State for RT&H and Civil Aviation, Deepak Shetty, Chm EXCON, Virandra Gupta, Dep DG-CII
Delivering his inaugural address at the 11th edition of CII EXCON, South Asia’s largest construction equipment trade fair organised by the Confederation of Indian Industry (CII) here today, Basavaraj said that the construction sector will have a major contribution to Prime Minister’s vision to make India a USD 5 trillion economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects worth Rs. 100 lakh crores. “Though our major focus should be growing exponentially in the country by advancing our technologies, inclusion of people at the bottom of the pyramid is also critical since they are the movers of the economy. We urge the industries to collaborate with them to further enable the CE sector,” he said.
The Minister mentioned that the state presents huge business opportunities for the construction industry, as it is embarking on major infrastructure development projects in roads & flyovers, industrial infrastructure and power.
Participating as the Guest of Honour, General V K Singh, Minister of State for Road Transport & Highways, Government of India, said, “India is an emerging hub for construction equipment, component outsourcing base and design base. The private players in the construction industry must concentrate on automation, adoption of advanced technologies and global best practices, usage of alternate fuels, and innovations in using waste materials as raw materials for their construction projects to diminish the cost of construction and rate of pollution.”
“Infrastructure must be sustainable and the industry should take measures to enhance the quality at an affordable life cycle cost. India is working hard on hydrogen fuel technology and solar energy since we consider it as the future of the country. The CE industry must be prepared for the competitive market situation and focus on Industry 4.0 for revamping itself,” V K Singh added.
Mr. Deepak Shetty, Chairman of CII EXCON, said that, “This is the eleventh edition of the EXCON and our theme this year is Building India for a New World: Competitiveness, Growth, Sustainability, Technology. India must become less dependent on imports to build large scale infrastructure projects, roads, ports, etc. Hence, developing and embracing technologies is crucial so that we can expand our innovations and become an export hub globally. The three key strategies that will help us to fast-track developments are – focusing on new growth drivers, understanding the significance of rural economy and curate a roadmap for alternate fuels.”
The role of smart technologies and innovation in India’s infrastructure development is paramount in achieving the vision of making India the global hub for construction equipment manufacturing. As a result, there is a need for rapid investments across infrastructure for sustainable development in the country.
While proposing the vote of thanks, Mr. Dimitrov Krishnan, Co-chairman of EXCON, said, “Indian CE industry, being the 3rd largest market in the world, has shown remarkable progress over the years. We aim to become the 2nd largest CE market in the world. EXCON will reflect on the theme elements at the exhibition and set the pace for Atmanirbhar Bharat in infrastructure development in the country.”
During the inaugural session, dignitaries at EXCON presented the “Women Building India Awards” to recognize the inclusion of women in the infrastructure industry. Women champions from Cummins India Ltd., Volvo CE India Pvt. Ltd., Schwing Stetter India Pvt. Ltd., and L&T Constructions & Mining Machinery were recognized for their efforts towards the same.
Indian Construction Equipment Manufacturers’ Association is the Sector Partner and the National Highways Authority of India and Builders Association of India are supporting Partners for EXCON. The event spreads over 3,00,000 square meters of display area and attracted over 800 exhibitors from India & abroad including countries like Belgium, Czech Republic, France, Germany, Italy, South Korea, Spain, Sri Lanka, UAE, UK & USA.
(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)