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Business Wire India - Multimedia: Digest for December 06, 2022

Business Wire India - Multimedia

Multimedia By Business Wire India

SpringCT Honoured with a Prestigious Leadership Award

Monday 05 December 2022 03:30 AM UTC+00
Business Wire India

In recognition of its HR practices and communication excellence, Spring Computing Technologies recently won the BEST EMPLOYER BRAND 2022 Award at the World HRD Congress' Pune Leadership Awards.

Spring Computing Technologies offers technology leadership to product companies across the globe. Specializing in high-technology software development, SpringCT provides comprehensive services for new product development and product life cycle management. SpringCT has a wealth of experience in a wide range of technologies for the development of products in their focus verticals of Collaboration, Digital Health, Enterprise Security and FinTech. This award is an accolade to SpringCT's core values of nurturing relationships and commitment to growth which empower its employees to break new grounds using emerging technologies. 

Leadership Awards are given in several geographic regions as a build-up to the Global Employer Brands Awards conferred at the World HRD Congress every year. Times Ascent World HRD Congress is the largest HR event in the world, with over 1800 professionals across 133 countries in attendance this year. 

SpringCT qualified on many parameters set by the Advisory Committee for this significant award, such as:

i) Translating and combining vision with action and HR Strategy, ii) cultivating competencies for the future to make the organization future-ready, iii) Talent development and management, recruitment strategies, iv) Employee benefits & recognition, diversity & inclusion, and v) Women empowerment vi) CSR initiatives.

Speaking on the occasion, Sheettal Deshpande, Operations Head of SpringCT said, "The fundamental values of SpringCT revolve around people, as they are the company's most important asset. Their growth and fulfilment define the satisfaction of the customers in terms of the best quality and timely deliveries. The Best Employer Award is the symbol of the conducive culture that is nurtured across the company. I feel that it is a continuous journey where we will keep taking efforts and steps that will benefit the entire team."

SpringCT CEO, Mohan Chaubal, also shared his excitement on receiving this recognition. He says, "In the 15 years since SpringCT was founded, one of our main objectives has been to create an environment that enables technical talent to reach world-class levels. While working towards this, we developed HR practices that are bold and uncommon in the Indian IT industry. This has helped us groom technical experts and develop cutting-edge technology expertise in our focus areas. I am happy that our effort has been recognized today by a renowned global organization."
Business Wire India

Six innovative regional businesses, which champion social change, received funding of up to S$20,000 each to help them scale up their businesses.

The winners were selected after 15 teams – comprising 26 changemakers – gathered virtually today for Pitching for Change, the finale and closing event of the Singapore International Foundation's (SIF) Young Social Entrepreneurs (YSE) Global 2022 programme.

The six-month programme seeks to inspire, equip, and enable youth of different nationalities to launch or scale up their social enterprises in Singapore and beyond. Through customised workshops, mentorship, and regional learning opportunities, it aims to nurture a global network of young changemakers with innovative business ideas focused on social good.

The 15 teams were selected from a pool of 46 social enterprises, comprising 93 youths and representing 11 nationalities, who had all taken part in the programme's workshop in June. These shortlisted teams included youths from China, India, Indonesia, Laos, Malaysia, Singapore, South Korea, Thailand, and Vietnam.

At the finale, they presented their business plans and ideas to a panel of judges, comprising industry experts and consultants from the impact investment and social service sectors.

The teams showed the judges how they aimed to make a sustainable impact with their businesses and addressed issues in areas such as mental healthcare, inclusivity, environmental sustainability, and education.

The six winners were chosen based on the impact and scalability of their business ideas, as well as the commitment level of team members. They are (in alphabetical order):
  1. Anahat For Change Foundation (India)
  2. Kura Kura (Singapore)
  3. Mengayu (Indonesia)
  4. Ripple Community (Malaysia)
  5. Symbionic Tech (India)
  6. The Green (Laos and South Korea)
     
Mr Edward Chia, a Member of Parliament in Singapore, and the co-founder of social enterprise Five &2 – a food business which hires the marginalised and provides meals for underprivileged communities – was the guest of honour at the event.

He said: "Social enterprises complement the work of governments and civil society to support vulnerable communities amidst complex challenges. I am thus heartened to learn that many youths today consider social entrepreneurship to be a viable career path. The meaningful participation of young people in this space can be highly transformational and contribute greatly towards sustainable development."

In the lead-up to Pitching for Change, the young changemakers had taken part in a series of virtual activities, which started in July 2022. The SIF designed the sessions to boost their capability to run a viable business. Topics such as needs assessment, digital marketing, impact measurement and capital raising were covered.

The participants also worked with volunteer mentors to sharpen their business ideas in preparation for the final pitch. The mentors comprised business consultants from McKinsey & Company, Temasek International, Bain & Company and established entrepreneurs and experts from relevant sectors.

The budding social entrepreneurs also networked with peers of different nationalities and made new friends to deepen cross-cultural understanding, as well as forge useful business connections.

Mr Rajan Raju, SIF Special Adviser, Programmes, and Director at Invespar was the event's Lead Judge. He noted that global challenges had surfaced many societal issues. These had highlighted the valuable role that social enterprises play in the community.

He said: "There is an increasing need for purpose-driven businesses to be able to deliver sustainable impact at scale. The SIF is pleased to support these young changemakers on their social entrepreneurial journey, as they continue to innovate and bring about positive social change within their communities."

Ms Purvi Tanwani, Director and Co-Founder at Anahat For Change Foundation, said: "YSE Global has been an amazing learning experience. The guidance from my mentors and the workshops will be valuable as we grow our social enterprise effectively and scale our impact to benefit more people in the community."

Mr Varun Iyer, Head of Operations, at Symbionic Tech, said: "We appreciate this chance to connect with other social entrepreneurs and industry players from other countries. In addition to being able to build an international network, the programme has equipped us with valuable skills and opportunities to create greater social impact and positively impact lives."

Since 2010, YSE Global has nurtured a global alumni network of more than 1,400 changemakers, representing 43 nationalities and 674 social enterprises.
Applications for YSE Global 2023 will start in February 2023. Follow the SIF on Instagram, Facebook and LinkedIn for latest updates on the programme.
Business Wire India

Otis (NYSE: OTIS), the world's leading company for elevator manufacturing, installation and service, introduced its new generation of Gen3™ digitally native elevators in India at the International Sourcing Exposition for Elevators & Escalators (ISEE). The Gen3 platform is created to give people freedom to connect and thrive in a taller, faster, smarter world.

"The new, digitally native Gen3 elevator platform is designed to meet the current needs and future expectations of an increasingly connected world. It reimagines what elevators can be for passengers and for customers – from architects and developers to building owners and facility managers," said Otis India President Sebi Joseph.
 
The Gen3 elevator is powered by the Otis ONE IoT digital platform, which provides the connected intelligence that defines these elevators. The Otis ONE platform monitors elevator health and performance in real time, 24/7. Otis customers, and the field professionals servicing their units, gain visibility into their entire portfolio and how it's performing. Through the Internet of Things and artificial intelligence, the Otis ONE platform enables service professionals to be proactive, identifying potential problems and addressing them, often remotely, before they cause a service interruption. The technology also makes it possible to resolve many issues remotely and securely.
 
The platform also enables two-way data, voice and video connectivity between the elevator and Otis command center.
 
Customers are provided transparent access to their data through a customer portal, and Otis can deliver sustained elevator performance improvement based on data analytics by Otis maintenance experts.
 
Using cloud-based API technology, the Gen3 elevator platform can integrate with building management software, tenant apps and even autonomous robots to make buildings more efficient. And as needs change and new features emerge, the connected platform allows for the seamless addition of future technologies and capabilities.
 
In keeping with Otis' commitment to sustainability, the Gen3 elevator includes the Otis ReGen™ drive, LED lighting and sleep mode to help reduce energy usage and the elevator's carbon footprint. Sophisticated aesthetics with a range of options offer new, diverse style choices to customize and create a modern, comfortable atmosphere for passengers.
 
To learn more about Otis products and services, visit www.otis.com

LTIMindtree Rings the Opening Bell at BSE

Monday 05 December 2022 08:43 AM UTC+00
Business Wire India

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today marked the commencement of trading on the Indian stock market under its new name by ringing the opening bell at BSE.  
 
The iconic bell-ringing was done by Mr. A. M. Naik, Group Chairman of L&T Group and Chairman of LTIMindtree; Mr. S. N. Subrahmanyan, Chief Executive Officer and Managing Director of L&T Group, and Vice-Chairman of LTIMindtree; Mr. R. Shankar Raman, Whole-time Director and Chief Financial Officer of L&T Group, and Non-Executive Director of LTIMindtree; and Mr. Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree, in the presence of Mr. S. S. Mundra, Chairman of BSE, and senior leaders from L&T, LTIMindtree, BSE, and LTIMindtree's partner organizations. 
 
Formed on November 14, 2022, through the merger of erstwhile Larsen and Toubro Infotech (LTI) and Mindtree, leading technology consulting and digital solutions companies under the Larsen & Toubro (L&T) Group, LTIMindtree — a scaled-up IT services provider with a client portfolio of more than 750 global enterprises and nearly 90,000 professionals in more than 30 countries across five continents — is the fifth largest IT services company in India by market capitalization.
  
Speaking on the occasion, Mr. A M Naik said, "It is a proud moment for us. LTIMindtree furthers L&T's strategic vision of growing IT services into one of the core pillars of our overall business over the next few years. LTIMindtree combines LTI's engineering and Mindtree's software DNAs, blending their problem-solving and digital-first strengths into a unique value proposition for our clients, further reinforcing L&T's acclaimed tradition of innovation, excellence, trust, and empathy."
 
Mr. S. N. Subrahmanyan said, "Blessed with a rich heritage of growth and innovation, LTIMindtree is about reimagining the future for our stakeholders, and making it bigger, better, and bolder. By building upon the combined momentum of its constituents, LTIMindtree endeavors to tap into the significant opportunity ahead to not just live the future but shape it. We look forward to delivering on our promise to our stakeholders by turning our differentiated strategy into sustainable value."
 
Mr. Debashis Chatterjee said, "The commencement of trading of LTIMindtree shares signifies an important milestone in our journey of value creation. It also marks the start of a momentous new chapter in the history of the IT services industry. As a rapidly converging world gives rise to newer business models and revenue streams, LTIMindtree brings the diversity of scale and digital capabilities required to get businesses to the future, faster."
 
Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree. The parent company, L&T, holds 68.73% of LTIMindtree.
Business Wire India

5-30 December, Binomo presents the greatest trading adventure – the "World Trading Cup: Back in Time". Indian traders will compete with participants from other countries for the title of the best in the world of trading. And also for the biggest prizes imaginable. The main prize is a BMW 3 series.*

Binomo's mission is to be a trading platform that brings vivid emotions to everyone. And also to ensure that even the largest events and opportunities are accessible to everyone. Therefore, this trading is free for all Binomo users! The total prize fund of the WTC is $300,000. Other prizes include Apple devices, valuable certificates, and much more. Also, participants are waiting for unconditional prizes, as well as for each registered. The total number of prizes is 1,100.
 
There will be several competitions in the championship with raffles throughout all. Traders can choose any competition they prefer or take part in all at once to increase their possibilities of winning.
 
Special championship points were also invented – they're called "Bions". They will be given to all participants, and the victory will depend on their number.
 
The first competition – "50 Daily Challenge"
The main point is to make 50 trades per day. Bions will be given for each trade (1x – for regular trade, 2x for the successful).
The mechanics of competition is simple: more trades – higher results!

The second competition – "Sprints" adventures
Point: the greater the total amount of trades, the higher chances of the victory!
2x Bions are given for every successful trade.

For example, a trade amount of $150 will bring 150 Bions, but a successful $150 trade will bring 300 Bions.
To participate in WTC, traders should use their real Binomo accounts. Demo users can make a minimal deposit to join the competition.

Everyone can win a prize!
Every Monday, starting December 12, participants can get one of the prizes in a random raffle. It's enough to be registered for one of the competitions and make at least 1 trade on a real account. There will be 3 raffles in total, within which 150 traders will receive their prizes.
 
Indian traders are some of the leaders on the platform, earning large sums daily. This means that in such a major international trading championship, the Indians will definitely be among the first. For this reason, Binomo has created the brightest event in the world of trading and invites people to take part in it.
 
*$70 000, the price of a new car, is deposited to your real account

SMT Receives India Pharma Award for DCB Peripherics

Monday 05 December 2022 01:01 PM UTC+00
Business Wire India

SMT wins India Pharma award for excellence in R&D for the development of Peripherics, a new-age in-house developed Paclitaxel Drug Coated PTA Balloon. The award was given at 15th edition of E&Y powered India Pharma 2022 award at CPHI and PMEC conference in New Delhi.

Today, ever-increasing lifestyle related diseases and its related complications in cardiovascular and peripheral diseases have given rise to the treatment of restenotic lesions, small vessels, and in patients at high-bleeding risk, where the prolonged dual antiplatelet regimen should be avoided.

SMT has launched an innovative Paclitaxel Drug Eluting Balloon – Peripherics, to achieve long-term patency without leaving an implant behind to increase durable treatment options available to clinicians for in-stent restenosis and peripheral vascular disease.

Abhijeet Singhavi, Senior VP, R&D team says, "SMT has been at the forefront of innovative drug coated devices in the cardiovascular space by virtue of the domain expertise of its R&D team. Peripherics Paclitaxel drug coated balloon aimed at treating lesions in SFA and BTK is a unique culmination of hybrid excipients and paclitaxel drug, designed to maximize drug transfer and retention while ensuring efficacy and patient safety. SMT is committed to bringing innovations in the drug coated balloon arena, Peripherics is the beginning of this journey."
 
Speaking more about the product, R&D, Asst. Vice President Ankur Raval explains, "The "Hybrid X2" coating technology in Peripherics PTA drug coated balloon (DCB) catheter combines the best of the drug and excipient properties. Drug in both amorphous and crystalline form along with the combination of hydrophilic and lipophilic excipients provides the ideal functional requirements of DCB. Peripherics DCB is formulated to minimize the drug loss during treatment procedure, transfer maximum amount of drug within short treatment time and sustaining the drug tissue levels for longer time duration. Peripherics DCB thus ensures optimum patient safety and drug efficacy."

Drug Coated Balloons (DCB) are semi-compliant angioplasty balloons covered with an antiproliferative drug that is rapidly released upon contact with the vessel wall. Currently DCBs which are available in the market face challenges of transferring effective therapeutic drug amount within short contact time to vessel wall. Maintaining prolonged drug concentration in arterial tissue within therapeutic range is another major limitation of available DCBs which limits the device efficacy. Such less efficacious therapeutic amount of drug and pharmacokinetic profile doesn't suffice to prevent smooth muscle cell proliferation for longer period. Considering the Indian population, who have small vessels compared to US or European population, SMT has developed the DCB which has addressed limitations of current generation DCBs, which help percutaneous transluminal angioplasty, after appropriate vessel preparation, of de novo or restenotic lesions in native infrapopliteal arteries, popliteal arteries (superficial femoral) and below to knee (BTK) arteries.

Peripherics is designed to transfer 70% of the drug in the vessel while minimizing the downstream particulate coating loss. The 2-week in vivo pharmacokinetics study confirms the tissue drug residence above the minimum inhibitory concentration ensuring the long-term effectiveness of the device. 

Potential advantages of SMT's DCB technology include:
  1. Homogenous drug transfer to the entire vessel wall
  2. Short term transfer of antiproliferative drug sustained in the vessel wall
  3. Absence of polymer helps in decreasing chronic inflammation and the trigger for late thrombosis
  4. Absence of a stent allows the artery's original anatomy to remain intact

SMT has always been at the forefront to develop cutting edge technology and innovative products considering patient safety. SMT's research & development efforts are directed to deliver innovative medical devices that aid wide treatment options with affordability.
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