Thursday, December 2, 2021

Government and Industry Leaders will Shape the New Energy Agenda at...

Government and Industry Leaders will Shape the New Energy Agenda at ADIPEC’s 2021 Strategic Conference
The Strategic Conference Programme at ADIPEC 2021 will bring together hundreds of ministers, policymakers, and business leaders from across the world to discuss and...

Kirtilals Launches its Exclusive Bridal Collection in Chennai

Kirtilals Launches its Exclusive Bridal Collection in Chennai
Chennai, Tamil Nadu, India Kirtilals, a premium fine diamond and gold jewellery brand, esteemed by its patrons for quality and trust, launched its Exclusive Bridal...

Edtech Platform ‘SpeEdLabs’ Empowers ‘Hybrid Education Model’ with Involvement of Both...

Edtech Platform ‘SpeEdLabs’ Empowers ‘Hybrid Education Model’ with Involvement of Both Students and Teachers Equally
The COVID-19 pandemic has clearly taught us the importance of online education and the value addition offline education can bring to the learning process...

PropertyGuru Asia Real Estate Summit Announces its ‘Data Revolution’ and Speaker...

PropertyGuru Asia Real Estate Summit Announces its ‘Data Revolution’ and Speaker Line-up for 2021 Virtual Edition
Now marking its seventh year, the virtual summit will open on 8 December 2021 during ‘PropertyGuru Week’ until 8 January 2022 ...

TVS Motor Company to Partner with Bahwan International Group to Strengthen...

TVS Motor Company to Partner with Bahwan International Group to Strengthen its Presence in Iraq
  • Signs a tri-party arrangement with a new distributor and dealership partner

  • Appoints ARATA International FZC as the distributor and Fawz Al Lateef as the dealer in the region

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, signed a tri-party deal arrangement with Bahwan International Group. The signing ceremony was held today at Bahwan International Group, between Sheikh Ahmed Bahwan, Chairman Bahwan International Group and Mr. Sudarshan Venu, Joint Managing Director - TVS Motor Company in Muscat, Oman.

TVS Motor Company partners with Bahwan International Group to strengthen its presence in Iraq

As per the tri-party deal arrangement, ARATA International FZC will be the new distributor. Building on this partnership, the groups will also explore other avenues of cooperation in Oman and India.

ARATA International FZC, registered in the UAE, is a subsidiary of Bahwan International Group (BIG) - Oman, having a strong presence in the MENA region. TVS Motor ranks amongst the top five two-wheeler companies globally with a presence in over 70 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East.

Speaking on the occasion, Mr. Sudarshan Venu, Joint Managing Director - TVS Motor Company said, "We are delighted to partner with a reputed group like 'BIG', to strengthen our presence in the MENA region. ARATA International FZC, a part of the Bahwan International Group LLC (BIG), comes with rich experience, deep understanding, and vast industry knowledge. Iraq is an important market for us, and ARATA International FZC's extensive distribution network, along with our shared ethos and values, makes them the ideal strategic partner. This association with them is a significant step towards further expanding and bolstering TVS Motor Company's market presence in Iraq."

Bahwan International Group (ARATA International FZC) and their channel partners plan to operate more than 30 dealerships for TVS Motor Company. The dealerships will include state-of-the-art 3S dealership facilities in all the major cities of Iraq with after-sales service, and spare parts support in tier two cities to expand the TVS presence in Iraq.

Mr. Abdullah Bahwan, Executive Director, Bahwan International Group Holding, said, "We are happy to join hands with a multinational brand like TVS Motor Company. This partnership will be instrumental in bringing a wide range of mobility solutions and will cater to the requirements of a broad range of customer segments in the country. The quality prowess of TVS Motor Company combined with our strong understanding of the market will definitely create an impact in mobility space in Iraq."

TVS Motor Company's product portfolio available in Iraq include; Two Wheeler - TVS XL 100 i-TOUCHstart, TVS XL 100 Comfort, TVS HLX 150 series, TVS NTORQ, TVS Jupiter series, TVS WEGO, TVS MAX 125 and Three Wheeler-TVS King Deluxe Plus.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 70 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years.

For more information, please visit

About Bahwan International Group

Arata International FZC is the international operations arm of Oman based Bahwan International Group (BIG), operating in Oman, KSA, UAE, Iraq, and Libya with importation and distribution of brands like Nissan, Renault, Infiniti, Suzuki, Iveco, Changan, BAIC, Foton, Construction equipment brands like Case, New Holland and other franchises. With a turnover of 2 Billion USD; the group has 2,500 employees and a sales volume of 40,000 cars and trucks per year in 5 countries. ARATA International FZC, registered in the UAE, is BIGs subsidiary and official Distributor for Nissan distribution, Sales and Aftersales in Iraq and Libya.

For more information, please visit

Amidst a Drop in Glove Prices – SRAM, MRAM Cements its...

Amidst a Drop in Glove Prices - SRAM, MRAM Cements its Place in the Gloves Market

The COVID -19 has reduced its intensity with the onset of the vaccines and stringent lockdown rules imposed by the Countries and Governments all across the globe, but in no way it has stopped completely. Slowly and steadily we are witnessing newer strains regularly, posing a challenge to healthcare authorities across the globe.

The world has seen a sea change in its attitude towards businesses and people. The synergies have somehow changed for good or worse. But one thing that stands out is the will to fight against all odds, be it the people or the businesses. One such business that started to thrive in the COVID-19 times is the business of Nitrile and Latex gloves. Almost, the whole world was running from pillar to post to secure allocations from glove manufacturers. Manufacturers doubled and sometimes trebled their capacities to accommodate the sudden surge. With the herd immunity in some locations, the entire demand of gloves peaked. Post that, with the advent of vaccines until the beginning of 2021, the demand suddenly died, resulting in an over-capacity produced lying in warehouses and ports and factories with businesses collapsing. Prices had dropped to almost pre-COVID levels with many businesses almost on the verge of shutting down their shops.

SRAM & MRAM Group a conglomerate from the UK, understanding the gravitas, has decided to make the glove business its mainstay. The brand has opted to continue the business against all odds. With its concentration on newer glove products and better marketing strategies, the group has decided to stay afloat in an otherwise shaky environment. The brand has taken such a bold step to continue further. All thanks to the TOP Gloves Corporation Bhd, the leading OEM supplier, world's largest manufacturer of gloves to help salvage SRAM's business initiatives in the Gloves market.

Special mention has to be made for Tan Sri Dr Lim Wee Chai, the Founder of TOP Gloves for extending his full support and helping in SRAM's initiatives wholeheartedly. Dr. Hiranandani, Chairman of the SRAM Group conveys his heartfelt gratitude to Tan Sri Dr. Lim Wee Chai and the entire TOP Gloves Team for staying with SRAM and helping SRAM graciously and providing their dedicated support for their business in North America and Europe. With the continuous cooperation of Tan Sri Dr. Lim Wee Chai and his entire team, SRAM is expected to grow in the glove industry.

SRAM & MRAM Group was instrumental in launching a wide variety of PPE products and solutions under the brand name of "Walletz4u" to fight the pandemic. Currently, the brand is focusing on gloves of varying specifications, shapes, sizes and contours for varied industries. With the launch of Walletz4u, the group joins the league of the leading players to sell their own brand of gloves across the globe. SRAM & MRAM under its banner is currently looking to create a big foothold on all the premier types of gloves requirements without restricting itself to rubber and latex products.

Billionaire and the 8th richest person in Malaysia, Tan Sri Dr Lim Wee Chai, the Executive Chairman and Founder of Top Glove Corporation Bhd, in the year 1991 started with 1 factory and 1 line and has since transformed the brand to being the largest glove manufacturer with a 26% market share across the globe with 50 production facilities and 800 production lines in Malaysia, China, Vietnam and Thailand. The company is also listed on Bursa Malaysia (Kuala Lumpur Stock Exchange) and the main board of the Singapore Exchange (SGX).

In 2015, Lim completed his PhD in Management from the University of Selangor in Malaysia. He was conferred with an Honorary Doctorate in Business Administration by Oklahoma City University in the United States in year 2016. In August 2018, Lim was conferred an Honorary Doctorate in Entrepreneurship by Management & Science University, Shah Alam, Malaysia. In October 2020, Lim was conferred an Honorary Doctor of Philosophy (PhD) Degree in Business Management by the University of Cyberjaya and appointed as an Honorary Professor of the University. Tan Sri Dr. Lim was awarded the prestigious accolade Master and Country Entrepreneur of Malaysia by Ernst and Young.

The company today employs a sizeable number of employees across the globe directly or indirectly and Tan Sri Dr. Lim Wee Chai has made it his personal endeavor to take care of his employees. His philanthropic deeds need special mention as he and his wife donate a substantial portion of their income for the betterment of the community. His wife through her charitable venture Tzu Chi foundation has roped in Tan Sri to become a full-time volunteer for the efforts.

In spite of being the Chairman of the largest glove manufacturing company, Tan Sri Dr. Lim Wee Chai has helped new entrepreneurs achieve their due. SRAM & MRAM Group has been at the receiving end of Tan Sri's graciousness to help take its baby steps, and will always be needing the cooperation and support of Tan Sri Dr. Lim Wee Chai.

Oakridge Bengaluru School Principal Pallavi Mishra Speaks on Future of Learning

Oakridge Bengaluru School Principal Pallavi Mishra Speaks on Future of Learning

In its 29 States and 7 Union territories, India has a staggering 20 million schools with 315 million students. Almost two third of these schools are government run and need more focus on professional development for teachers, holistic learning methods for students and technological integration in all aspects of daily school life. The tie up of 30 government schools in Delhi with IB (International Baccalaureate) the beginning of this reformation of schools and can truly accelerate equity in education.

Oakridge International School Principal Pallavi Mishra interacting with IB Students

IB is designed to evoke the curiosity in students about the world around them, thereby creating life-long learners. The curriculum is structured in a way that it exposes students to a wide range of activities, projects and experiences, that develop their personality and prepare them for the competitive world ahead. Right from p.y.p (primary years programme), children learn to approach problem solving in the design thinking method. Once a concept is introduced, it is researched, studied and understood through Math, English and Science. Consequently, children develop a transdisciplinary approach very early on. This habit of scientific investigation is nurtured in m.y.p (middle years programme) through the global contexts and approaches to teaching and learning. In fact, the vertical alignment of the curriculum is quite exception, what begins as unit of inquiry in primary, evolves into interdisciplinary unit and in d.p (diploma programme) it acquires a more formal structure through the extended essay and theory of knowledge. In other words, children are given several opportunities to explore and investigate a big idea in a structured manner with measurable outcomes. And in many ways, this form of learning provides the much-awaited reformation of the traditional Indian schooling system.

What is considered as extra-curricular in the traditional schooling system is embedded in the main academic curriculum and implemented via collaborative student-led initiatives. For instance, Oakridge Bengalurus JMUN (Junior Model United Nations) event is a platform where students speak as country delegates and debate over a host of on-going world issues from food crisis, to global warming and waste disposal. Events like these are one among the many in the IB way of learning, that nurture leadership, public speaking, and problem-solving skills in students

In the words of Sir Ken Robinson (International Advisor on Education) "It is time for an education system that is "flexible", sees 'connections' between all types of knowledge and provides ample 'opportunities' for different ability groups and talents to flourish."

To know more about Oakridge International School and their IB Programme visit

MitraClip, the Newest In Severe Mitral Regurgitation Treatment Successfully Performed at...

Amongst the cardiovascular diseases, heart failure is one of the leading causes of mortality in our country with severe mitral valve regurgitation being common amongst these patients. The cardiology department of Narayana Health City has brought a ray of hope for those suffering from severe mitral valve regurgitation by successfully performing MitraClip procedure, the latest treatment modality for treating mitral valve regurgitation. The procedure was performed on a 54 year old patient from Assam.

The team from Narayana Health City who had performed the MitraClip procedure

The patient, was leading a normal life until three months back when he started experiencing breathlessness on exertion. In fact, he couldn't keep pace with his colleagues during his morning walk and was suffering from easy fatigability. His symptoms gradually progressed and he started having breathlessness even at rest, which made him and his family seek medical help. He visited a hospital in Assam, as he hails and resides there and was told that his heart functioning was low especially his Left Ventricle Ejection Fraction was below the normal range. Left ventricle ejection fraction is the percentage of blood that is pumped out of the left ventricle (this ventricle is responsible for pumping blood to the brain, heart arteries, and the rest of the body) with each heartbeat. The ideal LV ejection fraction is 50% to 70% however, in the case of this patient it was 25% indicating a concern. He was also diagnosed to be having severe leakage of the mitral valve (Severe Mitral Regurgitation). Mitral Valve Regurgitation is a condition wherein the valve that prevents the blood from flowing back to the left atrium is leaky. In severe mitral valve regurgitation, the blood doesnt flow forward into the aorta the way it should causing the heart to work harder and eventually leading to heart failure. He was advised a surgery. However, he and his family decided to come to Narayana Health City, Bangalore for a second opinion.

The patient was admitted at Narayana Health City. The team of doctors from Cardiac Sciences evaluated the patient in detail. The coronary angiogram showed no blocks and his ECG made him ineligible for Cardiac Resynchronization Therapy (Device Therapy), leading the doctors to explore newer treatment modalities. They evaluated the possibility of MitraClip. Under the aegis of Dr. Satish Govind, Head of Non Invasive Cardiology, Narayana Health City, the team of doctors conducted a 2D Echo Doppler assessment which confirmed the eligibility of the patient for MitraClip. With the consent of the patient's family the procedure was performed on World Heart Day ie, 29th September 2021. In this procedure the mitral valve of the patient was accessed using a thin tube called a catheter that is guided through a vein in the leg and a small clip is implanted in the mitral valve. The implant clips the two leaflets of the mitral valve and reduces the leakage thereby restoring the normal blood flow through the heart. The procedure was successful and was done by the team of Senior Interventional Cardiologists consisting of Dr. Uday B Khanolkar, Sr Consultant - Interventional Cardiology, Dr. Bagirath Raghuraman, Sr Consultant - Interventional Cardiology and Heart Failure and Dr. Sanjay Mehrotra, Sr Consultant - Interventional Cardiology

Elaborating about the case study, Dr. Uday B Khanolkar, Sr Consultant - Interventional Cardiology Narayana Health City, said, "The case of this patient is a unique one as owing to his symptoms of extreme breathlessness in spite of maximum medications and not eligiblility for CRT, we had to deliberate extensively before finalising the apt one, ie, MitraClip. MitraClip has been proved to offer significant reduction in mitral regurgitation. Further, it does not call for surgical opening of the chest and temporarily stopping the heart. It is minimally invasive which means less possibilities of blood loss or scars and shorter hospital stay."

"Further, the case of this patient is very distinct as he is considered to be the first patient to have undergone the procedure in Karnataka," added Dr. Uday B Khanolkar, Sr Consultant - Interventional Cardiology Narayana Health City, who has undergone training for this procedure at the prestigious institute in USA, Cedars-Sinai Medical Center.

Sharing his joy, the patient said, "I have been an active person and the inability to perform even the basic task like my morning walk with symptoms progressively deteriorating to breathlessness even at rest and interfering with sleep, had shattered me completely. I am extremely grateful to the team of doctors at Narayana Health City for not only treating me but also helping me to get back to the normal and active life that I was leading."

The patient was up within 6 hours of the procedure with significant improvement of his symptoms. Post procedure echo also showed only mild mitral regurgitation.

MitraClip procedure performed at Narayana Health City not only stands as an example of clinical excellence of Narayana Health City, it also provides a ray of hope to those suffering from severe valvular leakage and Heart failure.

About Narayana Health

With all super-speciality tertiary care facilities that the medical world offers, Narayana Health is a one-stop healthcare destination for all. Founded by Dr. Devi Shetty and headquartered in Bengaluru, Narayana Health group is the second largest health care provider in the country in terms of operational bed count. The first facility was established with approximately 225 operational beds in year 2000 at NH Health City in Bengaluru. The Company today operates a chain of multispecialty tertiary and primary healthcare facilities across a network of 23 hospitals and 7 heart centres in India and single hospital overseas at Cayman Islands with nearly 5,900 operational beds across all its centres and potential to reach a capacity of over 6,800 beds

For details, please visit

Trident Ltd. Announces 36 percent Dividend

  • Highest ever quarterly revenue achieved in Q2 FY22 amounting to INR 16,726.7 million

  • Highest ever quarterly EBITDA of INR 4129.2 million, with EBITDA Margin of 24.7% in Q2 FY22

  • Highest ever quarterly Profit after Tax of INR 2288 million in Q2 FY22 with continuous growing PAT Margin of 13.7%

  • Net debt has been exceptionally reduced to INR 10453.9 million i.e.,15.1% reduction in Q-o-Q

  • Announces 36% dividend (INR 0.36/-per fully paid-up Equity Share of Re. 1/- each) for its Shareholders with October 29, 2021 as record date

Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter ended September 30, 2021.

Financial & Business Highlights

  • Total Revenue in Q2 FY22 stood at INR 16,726.7 million compared to INR 11,744.3 million in Q2 FY21

  • EBIDTA for Q2 FY22 stood at INR 4129.2 million which translates into 24.7% margin.

  • Profit after tax for the Q2 FY22 is INR 2288 million with PAT margin of 13.7%

  • Net Debt reduced in Q2 FY22 to reach level of INR 10453.9 million as compared to INR 12319.8 million as on 30st June 2021; Net Debt to Equity ratio stood at0.29x

  • Textile Segment Revenue stood at INR 14,067.4 million in Q2 FY22 compared to INR 9907.6 million in Q2 FY21. EBIT for the segment increased to INR 2976.7 million as compared to INR 1149.3 million in Q2 FY21.

  • Paper Segment Revenue stood at INR 2559.7 million in Q2 FY22 as compared to INR 1809.3 million in Q2 FY21. EBIT for the segment during the period stands at INR 612.2 million as compared to INR 489.4 million in Q2 FY21.

36% dividend announced for Shareholders

Trident Limited has announced 36% dividend (INR 0.36/-per fully paid-up Equity Share of Re. 1/- each) for its Shareholders with October 29, 2021 as record date.

Trident has been frontrunner in rewarding its Shareholders by paying a steady dividend payout to its Shareholders for the last five years and has maintained dividend payouts above 50% for last two consecutive years. The Company believes in inclusive growth and sharing its profits with its Shareholders in the form of dividends.

Recent Expansion

  • Trident Limited has begun commercial production of yarn in new spinning unit with a capacity of 61,440 spindles and 480 rotors on 27th July 2021.

  • The company has launched its new e-commerce website to enhance its domestic market presence.

  • The company has recently commissioned a solar power plant at its manufacturing facility located at Budhni, MP as a step towards sustainability.

Mr. Rajinder Gupta, Chairman, Trident Group

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said, "We have continued the positive momentum from the previous quarter and delivered the best performance in the second quarter. The company is committed to embark inclusive growth for all its stakeholders and continuing to excel in future."

Financial Highlights for Q2 FY22

Figures in INR Million


Q2 FY22

Q1 FY22

Q-o-Q Shift

Q2 FY21

Y-o-Y Shift


Total Income

















-110 bps


540 bps
















Finance Cost







Exceptional Item







Profit Before Tax







Profit After Tax














Cash Profit







Figures in INR Million


30th Sep 2021

30st Jun 2021

Net Worth



Net Debt



Net Debt / EBITDA



Net Debt / Equity



(*Net Debt/EBITDA is calculated after adjusting RoSCTL amount of INR 579.3 million pertaining to period Q4 FY21)

Net Debt/EBITDA are annualized in nature

About Trident Limited

Trident Limited is the flagship Company of Trident Group, a USD 3 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident Limited is vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer and is one of the largest players in Home Textile Space in India. Supplying national, captive, and retailer owned brands; the organization is highly decorated with awards from its customers, vendors, and various government entities in recognition of advancing the highest standards in product quality, social responsibility, and environmental stewardship.

The Company operates in two major business segments: Textiles and Paper with its manufacturing facilities located in Punjab and Madhya Pradesh.

One Billion Vaccination Certificates Issued Via DIVOC on the CoWIN Platform...

eGov Foundation has announced that one billion vaccination certificates have been issued via the CoWIN platform in India, using eGov's open-source software package (called "DIVOC" - Digital Infrastructure for Vaccination Open Credentialing).

DIVOC is a digital public good that helps countries roll out national vaccination and other public health programs. It is an open-source, free to use software solution that is compliant with the World Health Organization's DDCC:VS specifications for vaccine certification, and has been integrated with India's vaccination platform CoWIN. DIVOC was built with a "make in India for the world" approach, and is offered under an MIT open-source license for other countries to adopt.

Viraj Tyagi, CEO, eGov Foundation said, "We have been working for the last 18 years to ensure citizens get access to government services with ease and efficiency. We designed DIVOC as an open-source solution which can issue digital certificates and to drive national scale vaccination programs at speed and scale. We are glad we played a role in achieving the one billion vaccination landmark. We are now working with over five other countries to leverage DIVOC to roll out national scale vaccination programs."

As we recover from the onslaught of COVID-19 and get back to our daily activities, proper vaccination and certification are key to a smooth transition to normalcy. We are honoured to support the speed and scale of such vaccination rollout programs with DIVOC.

Beyond the immediate need, globally, we see countries now investing in scalable digital health infrastructure to drive towards being self-reliant and resilient enough to withstand future health shocks.

In addition to Vaccination Certificates via CoWIN, DIVOC was also involved in an ICMR initiative to launch the COVID-19 Report Portal, which gives citizens an easy way to access and download their COVID-19 Test reports. Each report will hold a digitally signed and verifiable QR code, allowing citizens to carry/show their latest COVID test results in a secure manner.

DIVOC is aligned with global standards, is easy to adopt, scalable and can be integrated with other existing e-health systems. DIVOC has also been used for issuing digital vaccination certificates in Sri Lanka, and the Philippines.

DIVOC was architected with a strong underlying technical design, and effective privacy and security protocols; and can also seamlessly integrate with other existing systems that manage vaccine supply, hospital management, identity and payments services.

DIVOC is a part of eGov Foundation's digital public infrastructure DIGIT, that has been used by state and local governments across India to improve access to government services for over 150 million+ citizens. DIGIT is a foundational and versatile digital infrastructure that supports and enables platforms in a variety of sectors, including urban governance, health, sanitation, and public finance management.

About eGov Foundation

eGov exists to improve the ease of living for citizens in our towns and cities across urban, health, sanitation and public finance management

To ensure that every citizen in every city of India can access the services they need from their local governments with ease and transparency, eGov has built the DIGIT platform, a digital public good that can be used by governments, businesses, civil society, and academia to co-create locally-relevant solutions. It provides a set of open standards, specifications and documentation to create a level playing field and enable ecosystem players to innovate on the stack.

eGov Foundation was established in 2003 by Nandan Nilekani and Srikanth Nadhamuni. The foundation is supported by the Bill and Melinda Gates Foundation, Nilekani Philanthropies, Omidyar Network India, and Tata Trusts.

Over the last 18 years, eGov has partnered with more than over 2600 towns and cities across India, and more than 150 million citizens have benefited from its platform.