Mar 26, 2024 | Uncategorized
Tata Power, one of India’s largest integrated power companies, was awarded as the ‘Best Employer 2023′ by Kincentric India. This prestigious award acknowledges Tata Power’s journey of transformation deeply rooted in sustainability, inclusion, innovation, and employee development.
Tata Power underwent a comprehensive assessment based on the principles of ‘Intent-Design-Experience’, across the themes of organizational intent, people-process design, and employee experiences.
Post a rigorous evaluation, Tata Power emerged as a leader across these vital dimensions, reflecting its commitment to excellence exemplified through specially curated programs including Daksh, B-Voc, and the Tata Power Skill Development Institute, focused on employee skill enhancement and empowerment of local communities, particularly in the realm of renewable energy technologies; Gyankosh, an internal learning and development program; and Fuller Life, that focuses on providing a holistic employee experience across physical and mental well-being etc.
Mr. Himal Tewari, CHRO, Chief – Sustainability & CSR, Tata Power, said, “At Tata Power, our guiding principle is our unwavering commitment to positively impact lives and drive transformative change. This award serves as motivation for Tata Power’s journey of excellence. Our work environment is not just inclusive and dynamic; it’s a platform where individuals discover profound purpose in their contributions. Recognition as a Kincentric Best Employer reflects our dedication to creating an engaging and agile environment built on trust and shared values for our 23000+ employees.”
Nurturing fresh and young talent, investing in industry-first learning and development initiatives, and adapting new technologies is fostering an environment of innovation and growth in the company. The establishment of leadership and skill academies, coupled with robust mentorship programs, reflects Tata Power’s holistic approach towards building a competent and empowered workforce. The company’s unwavering focus on safety, equal treatment of employees, and societal well-being also exemplifies its ethos of responsible business conduct. Tata Power’s ‘Powered by Purpose’ philosophy has a three-fold focus on sustainability, growth, and oneness, which are the pillars of its core employee value proposition. Its impactful policies and programs are empowering the company’s transformation into a green energy solution provider, and revitalising its employees across the country to bring about positive change within the industry.
Tata Power’s steadfast commitment to become the country’s most trusted and preferred green energy partner, and accelerate India’s green energy transition is being championed by its employee excellence.
Mar 26, 2024 | Uncategorized
Waaree Energies Limited (“Company”), India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report), today announced that it has joined hands with the franchise cricket team Delhi Capitals as an Associate Sponsor, ahead of the upcoming 17th edition of the Indian Premier League (IPL). Through this sponsorship agreement, the Company aims to leverage the popularity and reach of the much-awaited cricketing event to amplify awareness of solar energy solutions among a diverse and widespread audience, while intending to enhance its footprint in markets across India. This association is expected to enable the Company to build on the momentum created by the Honorable Prime Minister’s support for solar modules installation across the country under the aegis of the PM Suryodaya Yojana.
Commenting on the sponsorship, Mr. Hitesh Chimanalal Doshi, Chairman and Managing Director, Waaree Group, said “It is a pleasure for us at Waaree Energies Limited to be associated with Delhi Capitals, one of the popular franchise cricket teams in the country, with a young and talented line-up led by Rishabh Pant. IPL 2024 is expected to be watched avidly by millions of fans, in stadiums and on television, and tapping into this fervor is expected to enable us to effectively reach a broader consumer base. Through educating audiences about solar energy adoption and promoting our quality certified PV modules, we aim to drive business growth and give an impetus to the nation’s clean energy transition.”
Mr. Nilesh Malani, Chief Marketing Officer, Waaree Group, said “IPL 2024 is expected to capture the attention of millions of cricket-lovers across the length and breadth of India. Waaree Energies Limited’s association with Delhi Capitals is therefore expected to expand our ability to engage with a vast and diverse audience – which in turn may enhance consumer awareness of the benefits of solar energy adoption, as well as of the reliability and efficacy of our own solar solutions. We look forward to and expect to harness the passion for cricket to further India’s renewable energy revolution.”
Mr. Sukhvinder Singh, Interim CEO of Delhi Capitals said, “We are thrilled to announce our partnership with Waaree Energies Limited as an Associate Sponsor for IPL 2024. Delhi Capitals is not just about cricket; it’s about fostering meaningful collaborations that resonate with our values and aspirations. With Waaree Energies Limited, one of the leading players in the renewable energy sector, joining forces with us, we are not only gearing up for an exciting cricket season but also expect the collaboration to promote sustainability and clean energy adoption.”
IPL 2024 is scheduled to commence on March 22nd 2024, and is expected to conclude on May 26th 2024, with Delhi Capitals joining nine other teams competing for the coveted IPL trophy. The brand logo will be positioned on the non-lead trouser of the team’s jersey.
About WAAREE Energies Limited
WAAREE Energies Limited, the flagship company of the WAAREE Group, was founded in 1990. It is India’s largest solar PV module manufacturer with an aggregate installed capacity of 12 GW, as of June 30, 2023.
WAAREE has four solar module manufacturing facilities and has 250 plus franchisee networks nationally and as of June 30, 2023, its products were distributed to around 20 countries internationally.
Leveraging its expertise in manufacturing high quality solar modules and substantial experience in the solar industry, Waaree Energies Limited provides EPC solutions as a contractor. Its EPC solutions include setting up of ground mount, rooftop and floating solar projects across its network in association with other Indian and international partners. It has over 10 years of experience as an EPC contractor with a track record of 1.1 GW of projects commissioned, including over 178 rooftop projects commissioned, as of June 30, 2023.
WAAREE has consistently received a tier-1 PV module maker rating from the Bloomberg New Energy Finance for all years between Fiscal 2018 and Fiscal 2023. Its manufacturing facilities include laboratory accredited by National Accreditation Board for Testing and Calibration Laboratories.
Waaree Energies Limited commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life.
Waaree Energies Limited has been rated as one of the top performers in PVEL’s 2022 PV Module Reliability Scorecard. Company has recently received PLI from the government of India and the Company is setting up additional 6GW facility for ingot-wafer, solar cells and solar module manufacturing.
Disclaimer:
Waaree Energies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of the Company at www.waaree.com, SEBI at www.sebi.gov.in, the book running lead managers Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited, and ITI Capital Limited, at www.axiscapital.co.in, www.iiflcap.com, www.jefferies.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.sbicaps.com, www.intensivefiscal.com, and www.iticapital.in, respectively, of the National Stock Exchange of India Limited at www.nseindia.com and of the BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which may be filed with the Registrar of Companies, Maharashtra at Mumbai, in future including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.
This press release does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act), pursuant to Section 4(a)(2) of the U.S. Securities Act. There will be no offering of securities in the United States.
Mar 26, 2024 | Uncategorized
Hitachi Payment Services, India’s leading payments and commerce solutions provider, announced that it has completed the deployment of 10,000 White Label ATMs (WLAs) in India, and 27% of these WLAs are deployed in South India. Operating under the brand name Hitachi Money Spot ATM, it has a strong presence in semi-urban and rural areas, enabling wider accessibility and empowering citizens with convenient banking services.
Hitachi Payment Services’ journey as a White label ATM Operator began in 2013 when it was awarded the WLA license. Since then, the company has remained steadfast in its commitment towards financial inclusion and has spearheaded multiple initiatives for its WLA network including deployment of Cash Recycling Machines (CRMs), supporting Interoperable Cash Deposits (ICD). Currently, it is the only WLA operator to offer cash deposit facility.
The company also introduced first-of-its kind UPI ATM on android platform for card-less cash withdrawals. This innovative offering will further drive financial inclusion by facilitating easy access to banking services in areas where traditional banking infrastructure and card penetration is limited. Furthermore, it expanded into the financial inclusion business, offering a range of services such as AEPS, Domestic Money Transfers, Bill Payments, Mobile & DTH recharges and Micro ATM services under the brand Hitachi Money Spot Plus, aimed at driving penetration and enhancing banking experiences.
Mr. Sumil Vikamsey, Managing Director & CEO – Cash Business, Hitachi Payment Services, said, “We are happy to reach the milestone of deploying 10,000 Hitachi Money Spot ATMs. This milestone reaffirms Hitachi Payment Services’ unwavering commitment to promoting financial inclusion through its end-to-end payments and commerce solutions along with a strong emphasis on technology and innovation. By expanding access to banking services in underserved and untapped areas, we continue to empower communities and contribute to inclusive socio-economic growth.”
Mr. Santhosh Nair, Director – WLA Business, Site Acquisition & Projects, Hitachi Payment Services, said, “At Hitachi Payment Services, we are proud to reach the significant milestone of deploying 10,000 Hitachi Money Spot ATMs. We are committed to expanding our services in the remotest corners of the country, having already established a comprehensive presence for WLAs across India spanning 28 states and 6 union territories. This achievement reflects our team’s relentless efforts in providing innovative, efficient and reliable banking services that cater to the varied needs of customers.”
Hitachi Payment Services is a pioneer in the payment industry in India, offering a comprehensive range of end-to-end payments and commerce solutions including ATM Services, Cash Recycling Machines, White Label ATMs, POS Solutions, Toll & Transit Solutions,
Payment Gateway Solutions and innovative offerings such as SoftPOS, POS Value Added Services and next-gen mobile based merchant platform. The company has launched an Innovation program to support fintechs and recently acquired a Cash-in-transit company. It is also the largest provider of CRMs through its sister concern’s Make in India initiative.
Mar 26, 2024 | Uncategorized
As India nears its Sustainable Development Goal (SDG) for eliminating chronic hunger by 2030, the country has witnessed remarkable progress in the reduction of malnutrition in recent years – demonstrated by an almost 3% decrease in the percentage of children below five years of age that are stunted or chronically malnourished, according to the National Health Family Survey 5 (2019-21). Despite various efforts, malnutrition remains a consistent burden on the country: nutrition experts have pointed out that 74% of Indians have insufficient access to adequate nutrition, highlighting the widespread problem of food insecurity in the country.
To combat the nationwide challenge, experts and practitioners came together at the inaugural Nourishing Schools Foundation Nutrition Conclave, which was organized in association with the Department of Home Science at Mount Carmel College, Autonomous, Bengaluru. The forum emphasized the need for collaborative strategies to engage pre-adolescent and adolescent children in tackling malnutrition. It highlighted the significance of integrating nutrition education in the school curricula to enable children to make knowledgeable food decisions.
Noting the success of the first edition of the Nutrition Conclave, Ms. Archana Sinha, Co-founder and CEO of the Nourishing Schools Foundation (NSF), said, “We are immensely grateful to have hosted the first edition of NSF Nutrition Conclave 2024 – bringing together the country’s most distinguished changemakers in the nutrition and education sector under one roof. As we move closer towards India’s SDG target of eradicating malnutrition by 2030, Nourishing Schools Foundation envisions further collaborative initiatives to accelerate the country’s battle against chronic hunger. We are grateful to Mount Carmel College, Autonomous for collaborating with us to organize this event.”
Stressing the urgency of addressing the nutrition gap in the country, Ms. S. Veena Rao, Director of Auro Center for Public Health, Public Nutrition, Public Policy, Bangalore, and Former Advisor, Karnataka Nutrition Mission, Government of Karnataka, said, “A strong nation must have strong human capital. Much has been said about India’s demographic dividend, that 67.3% of our population is between 15-59 years of age, and that this demographic advantage will continue for another three decades. Students constitute our present and future demographic dividend and can become critical agents of change. They must be nurtured into becoming India’s strong human capital, especially those from less privileged sections of society.”
Highlighting the need for such insightful platforms, Dr K Madan Gopal, Former Senior Consultant, NITI Aayog, GOI, noted, “India has achieved remarkable strides in the battle against malnutrition, particularly in safeguarding the health of children and women, thanks to decades of dedicated policy initiatives. As we zero in on our national aspiration to eliminate malnutrition within the coming decade, we must harness our collective resolve.”
To end food insecurity and guarantee a healthier, more nourished future for every child, the Nourishing Schools Foundation aims to continue bringing together stakeholders to enhance collaborative efforts in the battle against malnutrition.
Mar 23, 2024 | Uncategorized
As the festival of colors, Holi, approaches, people across the country are gearing up to celebrate with vibrant enthusiasm and joyful gatherings. This year, there’s a new addition to the festivities that promises to elevate the celebration to new heights – Medusa’s latest variant, Medusa Air. Combining the essence of Holi with the refreshing taste of Medusa Air, this innovative offering is set to become a highlight of the festivities. Medusa Air is a captivating fusion of two-row malted barley and imported hops, resulting in a tantalizing brew with a 4.5% alcohol content.
Medusa Air is the result of an intricate and thoughtful brewing process, where the team has meticulously selected premium ingredients to craft a beer that goes beyond expectations. Every drop is a work of art, reflecting the commitment to excellence that defines Medusa. It is more than just a beer; it’s an elevated experience. What better way to complement the exuberance of Holi than with the crisp, refreshing taste of Medusa Air? Medusa has long been celebrated for its quality and flavor, and now, with the introduction of Medusa Air, beer lovers have even more reason to raise a toast to the festivities.
Medusa Air is crafted to capture the essence of Holi in every sip. With its mild and airy profile, reminiscent of the playful spirit of the festival, it is the perfect accompaniment to Holi celebrations. Whether enjoyed during a colorful gathering with friends or as a refreshing break from the festivities, Medusa Air adds an extra layer of joy to the occasion.
But celebrating Holi with Medusa Air isn’t just about the flavor – it’s about the experience. It’s about coming together with loved ones, sharing laughter and stories, and creating memories that last a lifetime. Whether you’re enjoying a chilled bottle of beer under the warm spring sun or raising a toast to the night sky illuminated by colorful fireworks, every moment becomes a celebration with Medusa.
So, this Holi, let’s raise our glasses to the spirit of celebration, the beauty of diversity, and the magic of Medusa Air. Cheers to a Holi filled with love, laughter, and unforgettable moments!
Mar 23, 2024 | Uncategorized
In a comprehensive analysis, PwC India’s latest report, Understanding the impact of GenAI on the Indian healthcare ecosystem’, provides an in-depth look at the transformative effects and emerging challenges of generative artificial intelligence (GenAI) within the Indian healthcare sector. This study highlights the revolutionary potential of GenAI in enhancing patient care, streamlining healthcare operations, advancing medical research and personalising treatment approaches.
The report underscores significant advancements in healthcare delivery, showcasing how GenAI facilitates improved diagnostic accuracy, operational efficiency and patient engagement, ultimately leading to superior health outcomes. By leveraging technologies such as natural language processing and predictive analytics, GenAI stands at the forefront of a healthcare revolution, offering solutions from real-time clinical decision support to personalised patient interaction and care.
Arnab Basu, Advisory Leader at PwC India, states, ‘Generative AI is revolutionising the healthcare sector, offering unparalleled opportunities for advancement and efficiency. Its impact spans from enhancing patient care to streamlining operational processes, marking a significant leap towards a technologically advanced healthcare system. Yet, to fully harness GenAI’s capabilities, we must confront and navigate substantial challenges. This includes adhering to ethical standards, safeguarding data privacy, and ensuring inclusive and equitable technology deployment. Success hinges on collaborative efforts across the healthcare ecosystem, uniting policymakers, professionals and patients to foster a responsible and innovative healthcare future.’
The journey of integrating GenAI into healthcare poses its own set of challenges. The report addresses critical issues such as data privacy, security and the ethical use of AI, emphasising the need for comprehensive governance frameworks to mitigate risks and ensure responsible deployment of GenAI technologies.
Amidst the rapid adoption of GenAI, PwC India introduces a comprehensive framework tailored for the healthcare sector, aiming to guide organisations through their digital transformation journey. This framework emphasises the modernisation of data systems, development of scalable AI solutions, and cultivation of a culture that embraces technological advancement while addressing the nuances of healthcare delivery.
Dr Rana Mehta, Healthcare Leader at PwC India, adds, ‘As we navigate this new era, it is crucial to balance technological advancement with patient-centric values and ethical considerations. Our report aims to serve as a roadmap for healthcare providers, policymakers, and technologists to harness the benefits of GenAI effectively while prioritising patient safety and data privacy.’
Sayantan Chatterjee, Digital Healthcare Leader at PwC India, adds, ‘With its ripple effect, GenAI is helping to bridge some of the inherent lacunae in the Indian healthcare space and enabling delivery of better quality care that is data driven, research led and places Indian patients at the centre. And the current focus on patient health data driven by Ayushman Bharat Digital Mission (ABDM) makes GenAI all the more pertinent to work towards a universal health interface across the 1.4 billion population.
PwC’s report is a clarion call for healthcare leaders to strategically adopt GenAI technologies, advocating for a balanced approach that promotes innovation while ensuring ethical, secure and equitable healthcare delivery. It highlights the sector’s vast potential and outlines strategic recommendations to overcome existing barriers, facilitating the smoother integration of GenAI into the healthcare ecosystem.
