Atul and Rahul Kirloskar under SEBI Scanner for Insider Trading

Eight years ago, on 6 October 2010, some members of the Kirloskar family including Atul Kirloskar and Rahul Kirloskar had sold 13.5% of Kirloskar Brothers Limited shares worth about ₹275 crore before financial results were reported on 8 October 2010. In 2012, the Securities and Exchange Board of India (Sebi) sent a letter to the company seeking transaction details.

Following this, Kirloskar Brothers Limited hired law firm AZB and Partners to conduct a forensic audit to verify allegations of insider trading. The audit found that few members of the Kirloskar Family, including the two brothers, mis-stated in a regulatory disclosure that they were not in possession of unpublished price-sensitive financial information while seeking clearance to sell Kirloskar Brothers shares. The code of conduct for promoters and other key management personnel requires them to take the board’s clearance before transacting in the company’s shares.

“The financial performance of Kirloskar Brothers was discussed collectively by the promoter group individuals on a regular basis,” the AZB report said.

When AZB went through the pre-share sale clearance declaration, it found that the promoters had declared they did not possess any unpublished price-sensitive information at the time of share sale.

“However, while examining records of Kirloskar Group-Management Operating Board (KG-MOB), annual operating plan (AOP) and other relevant financial information circulated or discussed with the promoters or board of directors in meetings, it was found that financial performance of the company was discussed collectively by the promoter group on a regular/periodic basis. Contrary to the disclosure made by the promoter group individuals, the information could be constituted as price sensitive,” AZB said in its report.

Sebi norms for insider trading mandate that a share sale cannot be done while in possession of unpublished price-sensitive information or UPSI.

The audit report added that the relevant AOP providing forecasts for fiscal 2010-11 was circulated to the directors by the finance department of Kirloskar Brothers on 31 March 2010.

In response to media queries, a spokesperson for Atul and Rahul Kirloskar said: “As far as we are aware, no investigation is pending in respect of the said transaction undertaken in 2010.” The person added that they reserve legal rights on factually incorrect statements.

Sandeep Phadnis, associate vice president and head secretarial at Kirloskar Brothers declined to comment on the forensic audit, but added that they were unable to comment on any query at this stage as the issues are sub judice.

Encourage young minds to think critical, challenge themselves in chess and life: Viswanathan Anand

•          Grandmaster played with 12 students simultaneously

•          Top 10 participants were honoured with Prize money, trophy and certificate.

Grandmaster Viswanathan Anand won the Edify Chess Tournament against the 12 champions in 1:12 match, a unique tournament organised by Edify International School and Pune District Chess Association held at Edify International School Hinjewadi.

This was the unique chess tournament for school student aged between 5 and 16 years. The preliminary rounds were held on November 17- 18, 2018, which witnessed around 486 participants from Pune.

While interacting with media Grandmaster said, “I am very happy, that Edify International School is focused and passionate in building these critical skills by encouraging the young minds to think critically, to challenge themselves to do things every day they couldn’t do before, both in chess and life to accept winning and losing outcomes gracefully.”

Ms Priya Anand, Head of School said, “This was the most unique opportunity for students of Pune as it gave them an experience to play with the Grandmaster Viswanathan Anand. Huge thanks to everyone who participated in this event. It was an exhilarating experience to compete with fellow competitors.”

Mr. Joseph D’Souza, Chairman, Pune District Chess Association said, “It is a Golden opportunity for the budding youngsters of Pune, who have qualified to pit their skills with the legendary five times World Chess Champion Viswanathan Anand. For others it was the witnessing the games and learning from the nuggets of wisdom given by the Legend himself.  Kudos to Edify International School & Pune District Chess Association for providing this excellent opportunity to the Chess fraternity of Pune.”

The top 10 participants Kashish Jain, Shivraj Pingle, Digambar Jail, Keval Nirgun, Advait Patil, Prem Mhetre, Sahil Dhobale, Yuvraj Patil, Aryan Singla and Dhiren Mor were honoured with prize money, trophy and certificates. And Atharva Bagul and Chhavi Bafna were felicitated with a medal by Grandmaster Viswanathan Anand. The prize money for top 10 participants was 1) Rs.10, 000/- 2) Rs.6000/- 3) Rs. 4000/- 4) Rs. 2500/-, 5)2500/- 6) Rs. 2000/- 7) Rs 2000/- 8) 2000/- 9)2000/- and 10) 2000/-

The Edify International School offers a broad, rich and challenging curriculum based on the world-renowned IB programmes. It promotes a strong foundation in the academic disciplines, a broad exposure to the liberal arts, and selective opportunities to pursue individual interests.

Media contact: Aspire PR & Strategies Pvt. Ltd, Shekhar Wagh  9967348414, 9689966141-020 24488778

Indian developers contribute actively to open source projects: DigitalOcean Currents Report

Developers in India are more likely to contribute to open source than developers from other countries, with more than two-thirds (68 percent) actively participating.

23rd Nov, Bangalore India: DigitalOcean, the cloud services platform designed for developers brings out key developer cloud trends through its quarterly Currents report. In the fifth edition of Currents, they focused entirely on open source, to coincide with the movement’s 20-year anniversary. They asked more than 4,300 respondents around the world about the state of open source, including how they and their companies use it and what inspires them to support the community.

The following are some key findings from the report: 

• Twenty years in, just over half of developers surveyed are contributing to open source projects (55 percent). However, that is less than what companies expect from their employees: three out of four respondents said their companies expect them to use open source software as part of their day-to-day development work.

• Two of the most prominent barriers preventing developers from getting involved in open source are not knowing where to begin, and doubting they have the right skills. Companies not giving their employees time to contribute is also a large factor.

• Of the five major tech companies — Microsoft, Google, Amazon, Facebook and Apple — developers overwhelmingly said Google is most supportive of the open source community, followed by Microsoft. Apple ranked last.

• There’s a disconnect between companies’ encouragement of open source within their organizations, and their actual investment. Only 18 percent of respondents said their company is a member of an open source-related organization, and 75 percent said their company invests $1k or less every year in donations to open source.

• Newer developers actively contribute more to open source than veteran developers: While 55 percent of respondents said they actively contribute to open source projects, developers with five or fewer years of experience were significantly more likely to contribute (60 percent) than developers with six or more years of experience. This participation boost from newer developers aligns with the overall perception that the open source community is healthy and growing (89 percent).

Prabhakar Jayakumar, Country Director, DigitalOcean India says “This year marks both the 20th anniversary of the open source movement, as well as the 5th year of Hacktoberfest, our annual month-long celebration of open source. DigitalOcean Currents highlights the latest trends among developers in the cloud and our latest edition carries interesting insights on the potential of open source software”.

• Developers want an easier entry point into the open source community: 45% of developers listed “difficulty knowing how to get started” as the primary barrier preventing them from contributing to open source projects. Other key challenges included developers feeling they don’t have the right skills to contribute (44%) & companies not offering time for employees to contribute (30%).

• Companies expect developers to use open source technologies at work, but don’t invest as much in the broader community: Nearly three out of every four respondents said their companies expect them to use open source software as part of their day-to-day development work, but only 18 percent of employees said their companies actively participated in open source organizations (e.g. Apache Foundation, Node.js Foundation, Cloud Native Computing Foundation). The cost of participating in these organizations is the biggest barrier (38 percent), and 75 percent of respondents said their companies also donated just $1k or less to these organizations in the last year.

• Javascript, Python and PHP are among the top 3 programming languages that developers primarily use when engaging with open source

• Companies evaluating open source technologies look primarily for ones that are widely used, and have great documentation and active maintainers. At the same time, poor documentation and security concerns are a few reasons why companies opt against open source.

About DigitalOcean:

Founded in 2012, DigitalOcean provides the easiest cloud platform to deploy, manage, and scale applications of any size, removing infrastructure friction and providing predictability so developers and their teams can spend more time building software that customers love. DigitalOcean has a $200 million run rate and a community of 3.5 million developers with 12 data centres across the globe. In addition to its headquarters in New York, DigitalOcean has an office in Cambridge, Mass. and remote employees around the world. For more information, simply visit http://www.digitalocean.com or follow @digitalocean on Twitter.

Truefitt & Hill - World’s oldest luxe barbershop from London comes to Koregaon Park

• First outlet in Pune
• Total 19 outlets in India

Pune: 29th November, 2018: Having groomed the Monarchs of Great Britain for 200 years through nine consecutive reigns, Truefitt & Hill (T&H) continues the legacy by bringing their sophistication to the most prestigious address in Pune, Koregaon Park. The uber millennial of KP can now dedicate a day to themselves for all their grooming needs as T&H brings their world renowned grooming services along with its first spa service in the city of Pune.

Brought to India by the Lloyds Luxuries Ltd., which has acquired the Master Franchise License for not just India but also Nepal, Bangladesh, Sri Lanka, Bhutan, Myanmar and Vietnam, the venture looks promising.

Started by Krishna Gupta & Istayak Ansari in 2013, Lloyds Luxuries Ltd aims at creating an atmosphere of total relaxation and ultimate comfort for their male guests. Through this, they wish to encourage grooming for men greatness. “Our aim is that the customer should ultimately feel revitalized and renewed when it’s time to leave. We don’t just offer a service; we offer an experience. Grooming yourself is a daily necessity, we provide you with the most luxurious atmosphere and highly skilled barbers and staff to turn that into a luxurious experience. The highlight of our Pune store is Spa services which we have recently introduced at some of our stores and will add in more of our future stores”, says Krishna Gupta.

The store at Koregaon Park is spread over 2000 sq. ft., with Retail Section, a Royal suite, Barbering section, Pedicure suite, Foot Spa suite and two Massage rooms. Offering a quintessential feel with its classy interiors in mahogany wood adding chic blue wallpaper creating a contrast, makes for a complete relaxing environment.

Truefitt & Hill worldwide is in 12 countries including India and present in cities: London, Canberra, Baku, Toronto, Beijing, Shanghai, Salmiya, Kuala Lumpur, Singapore, Bangkok, Chicago, Washington and Indian Cities.

Speaking on the occasion, Istayak Ansari said “We currently have 19 operating stores across India in 11 Cities. We have 7 Truefitt & Hill stores in Mumbai, 3 in Bengaluru and one each in New Delhi, Gurugram, Hyderabad, Ahmedabad, Jaipur,  Kolkata, Chandigarh, Chennai & now in  Pune.  We are also opening our first International store in Dhaka, Bangladesh in affluent neighbourhood of Gulshan Avenue.”

About Truefitt & Hill

The prestigious history of Truefitt & Hill began in 1805 during the reign of H.M. King George III. Since then, the clientele has included members of the male like of the Royal Family, as well as members of visiting Royal households. Their barbers hold Royal Warrant to H.R.H., The Duke of Edinburgh. It has provided discerning gentleman with the finest grooming products and services. The elite clientele also include the Business leaders, Members of Parliament, Ambassadors and Diplomats and visiting Dignitaries. Oscar Wilde, Charles Dickens, Lord Byron, Frank Sinatra, Winston Churchill, Alfred Hitchcock and Laurence Olivier are few of their renowned clients. Apart from London T&H, they now have the luxe barber shop in Chicago, Toronto, Beijing, Kuala Lumpur, Singapore, Bangkok, Baku, Canberra, Beijing, Seoul.

Superior and distinct services offered by Truefitt and Hill are The Royal Shave and Haircut, Classic Shave and Haircut, other hair treatments, Royal manicure & pedicure, head massage, facials, etc. and offer complimentary valet service, Wi-Fi, refreshments with every visit.

They also have an exclusive VIP Room called Royal Suite for that special engagement, business meeting, or simply just to relax and unwind!

Truefitt & Hill Koregaon Park

Address: 5, Galaxy Garden, North Main Road, Koregaon Park (Next to Starbucks), Pune

ALLEN Career Institute launches study center in Pune

• Two New Study Centers launched in Pune
• Students of Maharashtra will get India’s highest result producing academic system from the session 2019-20

ALLEN Career Institute, Kota is a trendsetter in the field of coaching for IIT-JEE & Pre-Medical and it has several records in its name. With the legacy of 30 years and trust of more than 9.25 lac students taught in classroom courses so far, today ALLEN is the most-refined learning platform with the strength of 6900+ team members and 22 study centers across India. Adding to the pan India presence with 23rd study center, ALLEN has expanded in Maharashtra State by launching two study centers in Pune. First Study center is located At A&T House, 1205/01/10, NanaSaheb DeshPande Path, Near Apte Road, Off Jangli Maharaj Road, Shivaji Nagar, Pune 411004. The second center is situated at Multi Planet, 711/C, Shankar Sheth Road, Opp. Kumar Pacific Mall, Pune 411002.

During the launch, Sh. C. R. Chaudhary, Senior Vice President, ALLEN Career Institute said, “Students of Pune and surrounding areas, who are aspiring for success in reputed entrance exams like IIT-JEE, NEET-UG, AIIMS, NTSE & Olympiads, will surely get an advantage as well as students of class 8, 9, 10, will also be empowered with stronger foundation through our classroom courses commencing from April 2019.”

Sh. Chaudhary added “There will be an adaption of Kota coaching system at ALLEN Pune center so that the students could be benefitted by the same and could produce great results in engineering and medical entrance examinations”. He further added that this year, more than 1.58 Lac students took admission in classroom courses at ALLEN, including 96,000 at Kota alone, which is a testimony of the top level trust on ALLEN courses among science students across India.

The meritorious students will be given “ALLEN Sharp” Scholarship. The scholarship exam will be held on 16th December. Sh. Tushar Parekh (Vice President, ALLEN Career Institute), Sh. Pankaj Agarwal (Vice President, ALLEN Career Institute), Sh. Pankaj Birla (Vice President, ALLEN Career Institute), Sh. Yogesh Malav (Core Team Member Pre Medical Division) and Sh. Mohit Chorasiya (Core Team Member Pre Medical Division) and other senior faculties from Allen were present during the inaugural ceremony of the Pune centers.

ALLEN has proven its supremacy with the historical and unique record by producing 7 Times All India Rank 1 in Pre-Medical (AIPMT/NEET) and IIT-JEE (Advanced) from its yearlong classroom courses. The classroom course students of ALLEN have proven their strength through the results by securing All India Rank 1 in both IIT-JEE (Advanced) and NEET (UG) in the year 2014, obtaining All India Rank 1, 2 & 3 in both IIT-JEE (Advanced) and NEET (UG) in the year 2016 and in the year 2017 bagging All India Ranks 1 to 10 in AIIMS, which was recognised by Limca Book of World Records.

While in the year 2018 students of ALLEN secured 9 ranks in Top 10 in AIIMS, 30 ranks in Top 100 AIR in JEE (Advanced) and 55 ranks in Top 100 in NEET. Total 81230 ALLEN students qualified cut off of NEET, which is the highest in India.

Digit Insurance Crosses 1mn Customers

Bangalore, INDIA, November 09, 2018 – Digit Insurance—a new age insurance company which aims to “Make Insurance Simple” today announced that they have crossed 1mn customers within 1^st year of their business.

An important aspect of growth so far that helped Digit Insurance achieve this customer milestone has been the super-fast and easy claims settlement across all products. Digit’s claim process is completely paperless:

• 100% of travel flight delay claims are automated and are settled via customers’ smartphone
• Digit is also the first company to launch Advance Cash facility. 85% people opt for advance cash during mobile claims.

Commenting on the achievement, Digit’s Chairman, Kamesh Goyal said, “Digit’s mission from the very beginning is constant ‘Simplifying Insurance’. In order to achieve this, we have made the claims process completely digital so that its fast and provides seamless customer experience. Additionally, we have reduced the documentation process and de-jargonized the language so that it’s easy to understand for our customers.”

Talking about the company’s focus, Kamesh Goyal, Chairman, Digit Insurance said, “Our focus in the coming years would be on customer experience. In the coming quarter we will be launching video calls for better customer experience. Alongside, we will also be empowering our partners to do business real time by creating multiple-technology solutions.”

Digit started its operations in Oct 2017 and have expanded their distribution through their direct channel partners including e-commerce giants like Amazon, Flipkart, Cleartrip and offline players like Tanishq from the house of Tata. They also have 1500 strategic partners including agents, brokers and dealers. They had been recently featured in the Linkedin Top 25 Startups India and featured in CB Insights top 250 fastest growing fintech companies globally 2018. 

About Digit:

Digit is a new-age General Insurance company started by Kamesh Goyal, and backed by Fairfax Group, one of the largest financial services groups in the world. With a mission to ‘Make Insurance, Simple’, Digit is reimagining products and redesigning processes to provide simple and transparent insurance solutions that matter to consumers. Digit is building a technology driven platform that can offer customized products at reduced cost and provide a great customer service. They recently raised $44 million from Canadian billionaire Prem Watsa’s Fairfax Holdings. With the second round of investment Digit’s total funding amounts to $94 million.

Headquartered in Bangalore, Digit has successfully partnered with some of the leading companies, PayTM, Cleartrip, Sterling Holidays, SOTC, Policy Bazaar & Tanishq with unique products.

Digit started with a capital base of around 350 cr which is one of the highest that any insurance company has started with.  It is also one of the fastest to market, having launched products across 3 categories (Motor, Travel, Personal accessories). Digit Insurance has been ranked #5 as the most attractive startups to work for in India by Linkedin in 2018 and featured in CB Insights top 250 fastest growing fintech companies globally 2018. 

For more information please write to mediarelations@godigit.com

‘VIRSAA FEST 2018’ TO ENTERTAIN PUNEKARS WITH MUSIC SENSATIONS SHIRLEY SETIA AND HARRDY SAN

Pune November 2018: For the first time in Pune, Trustfort Events is bringing not one, but two days of back to back foot tapping music with ‘Virsaa Fest 2018’. The two-day concert will be held at Phoenix Market City on 24^th and 25^th November, as a part of their 100 days of Phoenix Festival. The event is presented by Vinay Aranha in association with Vivek Bidgar.

The first day will have internet sensation, Shirley Setia who will be coming to steal the heart with her top hits like ‘Koi Vi Nahi’, ‘Jab Koi Baat’ and many more covers. The second day will witness the king of Punjabi Music, Harrdy Sandhu who has won the hearts of millions with his charm and transfixing music. MH43 India and Monks Inc will be the opening act for these days respectively.

The crowd-pulling event, VIRSAA Fest 2018 will be filled with some amazing performances and a showcase many of their renowned cover songs. Directed and scripted by Trustfort Events, this event will prove to be a bespoke package of entertainment with live performances by Shirley Setia and Harrdy Sandhu.  

Date: 24th and 25^th November, 2018

Venue: Liberty Square, Phoenix Market City, Viman Nagar

Time: 7:00 pm Onwards.

Tickets can be bought online from Ticketexpress, BookMyShow, Meraevents, eventshigh, insider, paytm, Townscript

The Ticket pricings are as below:

Shirley Setia:

·         Gold(Standing):Rs 600

·         Diamond(Standing):Rs 800

·         Platinum(Seating):Rs 1200

Harrdy Sandhu:

·         Gold(Standing):Rs 600

·         Diamond(Standing):Rs 800

·         Platinum(Seating):Rs 1200

Shirley Setia and Harrdy Sandhu

·         Gold(Standing): Rs 900

·         Diamond(Standing):Rs 1200

·         Platinum(Seating): Rs 2000

KPIT Wins ‘Distinguished Partner Award’ – ‘Process Innovation – Complement JDE with SaaS’ at the Oracle JD Edwards Summit

Pune, India, November 14, 2018: KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company and Oracle Platinum level member of Oracle PartnerNetwork (OPN), today announced that it has won the Distinguished Partner Award in the ‘Process Innovation – Complement JDE with SaaS’category at the 9^th Annual Oracle JD Edwards Summit.

The award recognizes KPIT's leadership role in process and technology innovation and its capability of maximizing customers' existing Oracle JD Edwards investments by implementing cloud technologies that complement the existing systems. The amalgamation can equip users to gain a competitive advantage, and rapidly respond to evolving business conditions and capture opportunities in their industry.

“KPIT is honored to be recognized with the much-coveted Oracle Distinguished Partner Award for our capabilities and innovations around Oracle JD Edwards and Cloud technologies. The award demonstrates our innovation and technology expertise to strengthen Oracle JD Edwards systems by deploying cloud, so our customers can get the best out of their existing Oracle JD Edwards investments and achieve their business objectives," said Baljeet Chhazal, Senior Vice President and Global Head, IES Business Unit, KPIT Technologies.

"We congratulate KPIT on achieving Oracle’s Distinguished Partner Award in the category 'Process Innovation – Complement JDE with SaaS’,” said Lyle Ekdahl, senior vice president Product Development, Oracle. “This achievement is a testament to their innovation excellence that drives real value for the customer."

KPIT is one of the world's largest Oracle JD Edwards service providers with 150+ global implementations under its belt. The company helped businesses of multiple domains implement and manage Oracle JD Edwards for over three decades in 77 countries. With a team of 2000+ Oracle professionals, KPIT holds more than 20 Oracle Specializations and 5 Oracle Advanced Specializations.

About KPIT Technologies Ltd.

KPIT (BSE: 532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and product engineering solutions and services to automotive, manufacturing, energy & utilities and life sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient. For more information, visit www.kpit.com.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

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The Orbis Celebrates TEDxOrbisSchool!

Powerful stories, ideas that inspired youth at TEDxOrbisSchool

●     The event was held on Saturday at The Orbis School, Keshavnagar

●     Speakers; Lt. Col Shashikant Sharma, a physician by profession at AFMC and Mr. Vinit Jain, a software engineer

●     Student speakers; Nitin Rodekar, IIT Mumbai, Ayush Vatal and Gopikaashree Sampathkumar

The global event, with focus on sparking and spreading ideas within the local community, was much appreciated and well attended, as young speakers initiated discussions and connections, at the TEDxOrbisSchool stage.

The notable, speakers from different walks of life, brought on the stage new ideas and fresh perspectives on the theme, ‘I Think and Therefore I am’.

Nitin Rodekar, a student of the Indian Institute of Technology, Mumbai, and a passionate educator to the underprivileged, shared his ideas on revamping the fundamentals, in his talk on ‘Reimagining Education in Rural India.

Lt. Col Shashikant Sharma, a physician by profession at AFMC, shared his ideas on strategizing ‘Thinking as a profession’ for a successful life.

Ayush Vatal, a class 12 student, gamer and athlete, revealed the ‘Science behind the Fiction’ as he shattered many common misconceptions.

Gopikaashree Sampatkumar, a young student, creative writer and traveller, explored the patterns of global censorship as she spoke on ‘Censorship: Ever Evolving: Then and Now’.

Vinit Jain, a software engineer and an Artificial Intelligence enthusiast, unveiled the world of ‘Humanoid Robots and Their Future’ in India.

Every speaker very successfully initiated deep discussions and connections that will continue to foster learning beyond the given range of subjects.

The TEDxOrbisSchool stage honoured its ‘speaker selection panel’ that comprised of Sudha Menon, an acclaimed author and speaker, Milind Vishwas Sathe, founder of the Indian Art Gallery and Ranjeev Misra, scientist at IUCCA, Pune.

Ms. Mala Jetly, Principal of The Orbis School said, “The event was a great success and another feather in our cap. TEDxOrbisSchool was just the beginning of many such meaningful conversations that the school will continue to initiate and trigger deep discussions.”

The event also staged an impressive Dance Musical, presented by the young Orbians, on the synergy between the elements of life. The school choir presented mesmerizing renditions and so did the school Jazz Band that entertained the audience during the break time. “We thank all associated with the event for making it a befitting platform for spreading ideas and also for the Graffiti wall that was full of accolades! We march ahead hoping to hold more such thought-provoking events to spark and energize young minds and old.” Said the Principal

Media Contact: Aspire PR & Strategies Pvt. Ltd., Aspire has been the leading agency in the PR industry of India since 2004, its 14 years small journey with wisdom and extensive experience of organizing more than 1800 press conferences and 5000 plus press releases with best PR results to some of the most renowned clients in various sector. We are also one of the top Social Media Agency in Pune.

Edify International School celebrated World Animal Day

The Edify International School Hinjewadi Pune celebrated World Animal Welfare day, The early years’ students of Nursery, Prep 1, Prep 2 and Grade 1, presented their very first in-house production “The Grass is greener on the other side” a play with animals as various characters.

It portrayed a wish to see and experience, the city life by the jungle residents but eventually coming back to the place they belonged.  The little toddlers were excited to showcase their talent as the play was a part of week-long animal welfare activities to celebrate World animal welfare day.

“The main motive of celebrating Animal welfare Day is to create awareness about animal protection among the children. It’s our duty to make our upcoming generation to understand the importance of Animals and Animal protection methods for the betterment of nation”, said Ms Priya Anand, Head of School

‘In order to protect the environment, we need to protect our wildlife animals which are already on the edge of Existence. A functional ecosystem with essential biodiversity cannot be possible if we failed to protect wildlife. There are lots of chemicals taken from animal bodies to derive medicines for many diseases. So, protecting animals is our duty’

The facilitators worked with the young learners to present this beautiful endeavour. The PYP Coordinator Ms Shefali Tewary opened the event by suggesting to students, various methods for animal protection like volunteering for animal shelters, feeding birds using herbal methods rather than chemical for conserving the environment.

Ms Priya Anand reiterated the importance of conservation of the environment by taking action towards species of birds and animals which are on the verge of extinction.

We at EISP believe that showcasing the talent at the tender age gives an immense boost to the personality development of children as well as fostering responsibility.

Media Contact– Aspire PR & Strategies Pvt Ltd. Shekhar Wagh, 9967348414/9689966141, 020 24488778

One of the smallest baby born at 25weeks survives in Jupiter hospital after 100 days of battle

The condition of the baby boy born at 25 weeks of pregnancy weighing 550gms was extremely critical because of the extreme prematurity and low birth weight. The 46-year-old mother had given birth to twins through IVF in a private hospital in the city. While unfortunately, one baby did not survive, the second baby was put onto life support for severe breathing difficulty due to the condition called ‘Respiratory distress syndrome’.

The baby was immediately transferred to Jupiter Hospital in an incubator. The baby was kept on life support for the first 11 days and subsequently shifted to different respiratory support called CPAP for 1 month. Special catheters were introduced through the baby’s umbilical cord to give nutrition and monitor baby’s blood pressure. Feeding started with mother’s milk through a 0.5 ml tube and then gradually increased to the desired amount over a period of first eight days. Due to the advanced equipments, trained medical and nursing staff, the baby did not have ventilator related complications.

During the treatment, the baby had an episode of severe infection which was immediately picked up by the full-time doctors at the Neonatal Intensive Care Unit (NICU), and was treated aggressively to prevent complications. Baby also required blood transfusions for anemia.

“It is challenging for medical and nursing staff to look after babies born at 25 weeks. Babies born at this gestation have very immature organs like lungs, intestine, brain, skin etc. Most of the complications arise due to immaturity of organs and infection. Because of specialised medical and nursing staff, advanced equipments and parental support we managed to discharge baby without major complications” said Dr. Shrinivas Tambe, Consultant Neonatalogist and Paediatric Intensivist Jupiter Hospital, Pune.

“Another challenge in babies born at this gestation is ‘bleeding in the brain, chronic lung disease and retinopathy of prematurity’. Because of ventilation strategy, amount of oxygen supplied to the baby we were able to prevent these complications. Survival without these complications is extremely rare in babies born at 25 weeks of pregnancy” said Dr. Sachin Admuthe, Paediatrician at Jupiter Hospital.

After the 99 days of battle, the baby has been successfully discharged on the 100th day and weighs 1.670kg now. Baby will be closely monitored for his growth and development. This is third extremely premature baby weighing less than 700gms who has been successfully discharged from Jupiter hospital within last three months “We are very thankful to the doctors and the entire staff of Jupiter Hospital for showing their promptness and care to save my baby” said an extremely emotional (Mother Name). This was probably their last chance to become parents.

QNET Entrepreneurs kick off Festive Season by Raising Funds for Underprivileged Community in 21 Cities including Pune

• Money raised to fund essential goods for orphanages, old-age homes, and others in need
• 39 events planned across 21 cities in the country
• Pledged sums ranging from INR 50,000 to INR 1 Lakh in each city 

Pune, October 16, 2018: Independent representatives of Direct Selling company QNET have once again come together to brighten up the festive season for the underprivileged. In a series of events spread across 21 cities throughout India, various groups of Independent Representatives have come forward to raise money to help the underprivileged communities.

Around 100 young entrepreneurs, who run a successful direct selling business with QNET, have pledged between INR 50,000 to INR 1 lakh per city towards important causes benefiting a local community in need. This is the fourth year that these entrepreneurs have initiated such an exercise during the festival season to reinforce their commitment to helping communities and their own belief in the spirit of giving.

Funds raised by the group this year will be used to help orphanages, homes for the disabled and the elderly, and for the education as well as provision of life-saving medical treatment to children in need.

In Pune more than 20 such entrepreneurs came together and distributed groceries, toiletries and blankets at the Madhurbhav Bliss (AJ Foundation) Old Age Home.

Entrepreneurs have also planned 38 other such charitable initiatives in Chennai, Hyderabad, Bangalore, Pune, Kolkata, Bhubneshwar, Hubli, Mangalore, Mysore, Patna, Delhi, Lucknow, Jaipur, Chandigarh, Jammu and Meerut, between 14 October and 7 November 2018.

“We have been fortunate to find our path and purpose with QNET which has helped us transform, not only our lives, but the lives of those around us. Giving back to our community during this auspicious festival season is our way of paying it forward.” said Mahesh who leads the effort of the group in Pune.

Commenting on the effort, QNET Global CEO Trevor Kuna said “The initiative undertaken by our Independent Representatives in their individual capacity is truly encouraging. QNET’s underlying philosophy of RYTHM – Raise Yourself To Help Mankind is the force that drives a lot of what we do. It is a reflection of our business, which is about empowering people to take control of their lives, so that they can, in turn, help empower their communities. After all, there is no better feeling than doing well while you are doing good”.

QNET had in the past partnered with the Cancer Patients Aid Association in Mumbai to support the treatment of children with cancer from low-income families. QNET had also contributed significantly towards the Swachh Bharat Swachh Vidyalaya campaign by partnering with the Lions Club in Bangalore, Chennai and Hyderabad on a number of projects including clean drinking water, nutrition education and health camps for children.

The second such event will be held on 31st October at the Sanmati Bal Niketan Sanstha, Manjari Budruk.

KPIT Second Quarter Results FY 2019

Q2FY19 reported EBITDA at 13.6%, growth of 62.5% Y-o-Y, 19.3% Q-o-Q
Q2FY19 Constant Currency Revenue growth of 2.9% Q-o-Q,
Constant Currency Revenue growth of 9.8% in H1FY19 over H1FY18

Investor Release BSE: 532400 | NSE: KPIT 

India, October 24, 2018: KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the second quarter and half year ended September 30, 2018.

Highlights for the quarter ended September 30, 2018

• ₹ Revenues grow 6.4% Q-o-Q and 17.8% Y-o-Y
• Net Profit for the quarter registers a Y-o-Y growth of 37.4%
• Operational EBITDA for the quarter at 15.2%
• Reassuring increase in Pipeline, led by large deals in Engineering
• BMW today announced KPIT as a technology partner for Autonomous Driving

Management comments

Commenting on the performance of Q2 FY19, Kishor Patil, Co-founder, CEO & MD, KPIT said, “The quarter gone by witnessed solid improvement in operating margins despite wage hikes, driven by operating efficiencies and better quality of revenues. We are on track to achieve our annual revenue guidance and exceed the annual operating margins guidance. The Merger Demerger process is progressing well, as per planned timelines.”

Sachin Tikekar, President and Board Member, KPIT said, “Engineering and Digital revenues continue to grow at a much faster rate for us. We expect the trend to continue during the remainder of the year. We are progressing well on the business familiarization process with Birlasoft and are happy with the cultural and value similarities between the two organizations.”

About KPIT Technologies

KPIT (BSE:532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.