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Business Wire India - Multimedia: Digest for July 14, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India

LTIMindtree Enters the NIFTY 50 Index

Thursday 13 July 2023 04:15 AM UTC+00
Business Wire India

National Stock Exchange of India Ltd. (NSE) has included LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, in its coveted NIFTY 50 index. LTIMindtree was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022. Since the merger, the company has rapidly consolidated its position to be a leading player and achieve this significant milestone in its growth journey.

The NIFTY 50 is the flagship index on the NSE. Its indices are computed using a float-adjusted and market capitalization-weighted method. In this method, the index level indicates the aggregate market value of stocks present in the index in a specific base period.

Speaking on the occasion S. N. Subrahmanyan, Chief Executive Officer and Managing Director, Larsen & Toubro Limited (L&T), and Vice-Chairman, LTIMindtree, said, "LTIMindtree plays a crucial role in the technology-led growth ambition of L&T Group, and we are thrilled to celebrate our inclusion in the NIFTY 50 index. The merger of LTI and Mindtree was driven by our vision to create a stronger, large-scale player with diversified portfolio of services and skills. LTIMindtree has showcased consistent growth and turned that vision into reality, while staying true to our goal of 'Getting to the Future, Faster. Together'."

"We are proud of LTIMindtree's inclusion in the NIFTY 50 index and grateful to our people, partners, investors, and shareholders for their trust in us. Our stable performance reflects our commitment to delivering value to them," said Debashis Chatterjee, Chief Executive Officer and Managing Director at LTIMindtree. "This recognition sets the stage for future growth, with a dedicated focus on customer satisfaction, innovation, and sustainability," he added.

LTIMindtree's inclusion in this index follows the recent development of both CRISIL and India Ratings reaffirming LTIMindtree's long-term rating as AAA / Stable. This rating also showcases the company's strong business fundamentals and healthy performance supported by a steadily growing deal pipeline, diversified service offerings across multiple verticals, and an increasing share of digital revenues.
Business Wire India

India has emerged as a pioneer in the realm of financial innovation, driven by a combination of technological advancements, forward-thinking finance leaders, and a conducive regulatory framework. As a country that operates on a massive scale, India has developed a thriving ecosystem of tech brilliance, especially in the realm of finance. India's visionary finance leaders have propelled the nation to unimaginable heights, leaving the world in awe of their ability to rapidly adapt and even invent the latest best practices. 
 
As Indian finance leaders like Dhivya Suryadevara (CFO of Stripe and formerly General Motors), Vasanth Prabhu (CFO of Visa Inc.), Deepak Ahuja (former CFO of Tesla), and many more are spearheading the global finance movement, the leaders in India are shaping the finance world by developing and improving on disruptive technology. In the past decade, India has significantly contributed to cutting-edge innovations like UPI, robo-advisory platforms, microfinance, and more. This rapid progress can be best attributed to the efforts of forward-thinking leaders.
 
Bharat Infinity, a groundbreaking event series, is set to unveil and applaud the stellar achievements of India's finance leaders. It is powered by Happay, the company that revolutionized the T&E (Travel and Expense) technology on a global scale, originating from India. 
 
An ode to India's remarkable achievements, Bharat Infinity specifically aims to celebrate the agile problem-solving abilities of India's finance leaders. Happay's CRO Ramesh Iyer epitomizes the essence of the series, "A decade ago, the world relied on US and Europe to solve global financial problems. But as the industry matured, western solutions started falling short when it came to global adaptability, innovating for local use cases, and prioritizing user experience through driving deeper integration with local ecosystem partners. Products that could cater to specific country nuances and geographies were scarce. Happay, which was born to solve global finance problems, then changed the game by creating a revolutionary product that addressed the unique needs of every geography. Operating at a massive scale, we sparked a movement amongst Indian CFOs and CIOs, continuously innovating to maintain our position as a technology leader." 
 
Bharat Infinity is an event that celebrates the prolific Indian finance leaders that encourage the same spirit of innovation and will contribute to the invention of the next big thing in Indian finance. It is a platform for exchanging ideas, discussing opportunities, and networking with fellow industry leaders. The much-awaited event has chapters in major cities, including Chennai, Bangalore, Mumbai, and Delhi. Attendees can brace themselves for a dynamic and inclusive event that transcends borders and promotes the growth of the global financial ecosystem.
Business Wire India

MamyPoko Pants, one of India's leading brands in baby care products, recently celebrated the birthday of its beloved mascot, Poko chan, in a heartwarming event held at the Samarpan Foundation. The event aimed to bring joy to underprivileged children aged 3 to 8 years, while also providing them with essential diapers and parents with care.
 
Samarpan Foundation, A charitable not-for-profit entity with an innate fondness for children. Their efforts are directed towards spreading love and happiness on children's faces and providing global assistance towards their welfare. MamyPoko recognized this spirit of selflessness in uplifting those around them and had no second thoughts about their choice in the Samarpan Foundation.
 
The foundation's philosophy of love, peace, happiness, kindness, simplicity, and clarity is something that MamyPoko vociferously resonated with.
 
The highlight of the event was the mass distribution of diapers. Household representatives of the village were invited to the Kishangarh Primary School and tuition centre, the diapers were distributed among the mothers of the village for their infants by going house to house & within the NGO.
 
Speaking about the event, Yuji Ikeda, Vice President at MamyPoko, said, "As a brand, we believe that children are the embodiment of innocence in the purest form. This made us all the more overjoyed to celebrate Poko chan's birthday with the younglings of the School. We wish to provide children with an environment where they can enjoy their childhood."
 
Vice Chairperson of Samarpan Foundation, Ms Roohi Sharma, sharing her thoughts about the event, said, "We are delighted to have gotten together to celebrate the joyous birthday of a character who makes so many children smile. Children mean the world to us, and there's nothing that fills our hearts more than seeing them happy."
 
MamyPoko Pants aims to dedicate itself to the well-being of children and continues to support initiatives that uplift underprivileged communities. By celebrating Poko chan's birthday with these young souls, the brand hopes to inspire others to create a brighter future for every child.
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