TCS a Market Leader in Supply Chain Services: HFS Research
Tata Consultancy Services has been positioned as a Market Leader (Horizon 3) in the HFS Horizons for Supply Chain Service Providers. The study evaluates the capabilities of 18 providers across a range of dimensions to understand the Why, What, How, and So What of their service offerings.
“TCS helps clients build resilient, digitally-enabled, purpose-led and future-fit supply chains that can respond to changing business demands and deliver superior customer experience. Our consulting-led collaborative approach, innovation, and investments in developing industry-leading solutions are helping our clients optimize their supply chains, improve sustainability, and drive growth,” said Krishnan Ramanujam, Business Group Head, Retail, CPG and Travel, TCS. “Our positioning as a Market Leader in supply chain services is a testament to our focus on delivering customer-centric solutions that drive business value.”
Arvind SmartSpaces and HDFC CAPITAL ADVISORS Conclude Successful First Platform with Strong Returns
Arvind SmartSpaces Limited, a prominent Indian real estate developer and a part of the Lalbhai group, has announced the successful conclusion of its first platform with HDFC Capital Affordable Real Estate Fund – 1 (HCARE-1). The partnership, which began in 2019 with an investment potential of Rs. 250 crore, resulted in a partial commitment to the ‘Arvind Greatlands’ project, with an estimated revenue potential of INR 400 crore.
The project has generated strong sales momentum and collections, resulting in the full repayment of HCARE-1’s investment from project cash flows and meaningful returns for both entities.
Given the success of the project, a second platform worth Rs. 900 crore was created with HCARE-3 in 2022, strengthening the strategic relationship between the two companies.
Infosys to Announce Second Quarter Results on October 12, 2023
Infosys a global leader in next-generation digital services and consulting, will announce results for the second quarter ended September 30, 2023 on Thursday, October 12, 2023 around 3.45 p.m. Indian Standard Time (IST) (6:15 a.m. ET; 3:15 a.m. PST; 11:15 a.m. London time; 6:15 p.m. Singapore/Hong Kong time). Link
BHEL pays Rs 88 Crore Final Dividend for FY 2022-23 to Govt. of India
Bharat Heavy Electricals Limited (BHEL) has paid a final dividend of Rs.88 Crore for the year 2022-23 to the Govt. of India.
To this effect, a cheque towards the final dividend on the equity (63.17%) held by the Government of India, was presented to Dr. Mahendra Nath Pandey, Hon’ble Union Minister of Heavy Industries by Dr. Nalin Shinghal, Chairman and Managing Director, BHEL, in the presence of Sh. Kamran Rizvi, Secretary (HI).
Directors on the board of BHEL and senior officials of the Ministry of Heavy Industries were also present on this occasion.
Significantly, the total dividend paid to the company’s shareholders for FY 2022-23 amounts to over Rs.139 Crore.
Cigniti Technologies Obtains TISAX Label 2 Certification with Maturity Level 3 for Automotive Industry
Cigniti Technologies Limited, a global provider of AI and IP-led Digital Assurance and Engineering Services, has attained the TISAX Label 2 Certification with Maturity Level 3 for its Digital Assurance and Quality Engineering Services in the Automotive Industry, in both India and Europe.
The TISAX Label 2 Certification is awarded by ENX, a reputable German association, on behalf of a consortium of leading German automakers and their top suppliers. This globally-recognized certification is designed to ensure security, privacy, and intellectual property protection throughout the automotive supply chain.
Srikanth Chakkilam, CEO and Director, Cigniti Technologies Inc stated “ The automotive industry is one of the most targeted sectors for cyberattacks, with an average of 270 attacks per organization per day in 2022 according to recent reports. In light of these risks, it is more important than ever for automotive suppliers to implement robust cybersecurity measures. This recognition underscores our commitment to delivering the highest standards of quality and security in our Digital Assurance and Quality Engineering services to our global clients. At Cigniti, we remain committed to delivering excellence, and together with our clients, we will continue to drive innovation and secure success in an increasingly interconnected world.
KPI Green Receiving New Orders Aggregating to 12.10 MW Solar Power Plant under (‘CPP’) Segment
- M/s. Ashoka Dyeing & Printing Mills Pvt. Ltd.- 1.90 MW
- M/s Vibrant Processors Pvt. Ltd.- 1.20 MW
- M/s Dhanpriya Prints Pvt. Ltd.- 3 MW
- M/s Sumicot Limited- 3 MW
- M/s Varsha Dyeing & Printing Mills Pvt. Ltd.- 3 MW
The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.
Mankind Pharma’s Manufacturing Operations Hit by Flash Floods in Sikkim
Mankind Pharma has reported that its manufacturing operations at the Daring Block, Berimok, Namchi Zilla, South Sikkim facility have been disrupted due to power and utility supply disturbances caused by flash floods in the Teesta River since October 4, 2023. However, there is no significant disruption expected in the supply chain as the production of the affected products has been redirected to other manufacturing plants. The company’s business operations are running as usual since its other facilities are fully operational.
Lupin Receives Tentative Approval from U.S. FDA for Tolvaptan Tablets
Lupin Limited, a leading pharmaceutical company, has announced that it has received tentative approval from the US FDA for its Abbreviated New Drug Application for Tolvaptan Tablets in various strengths. These tablets are a generic equivalent of Jynarque® Tablets manufactured by Otsuka Pharmaceutical Co., Ltd. The approved strengths include 15 mg, 30 mg, 45 mg, 60 mg, and 90 mg.
This product will be manufactured at Lupin’s Nagpur facility in India. Tolvaptan Tablets (RLD Jynarque®) had estimated annual sales of USD 287 million in the U.S. (IQVIA MAT August 2023).