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Business Wire India - Multimedia: Digest for July 19, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

The summer travel season is here and despite price hikes, flight prices have increased by around 6% year over year for domestic travel and 10% for international travel in the second half of the year. According to KAYAK search data, people are continuing to prioritize travel with searches on KAYAK having increased by around 47% for domestic travel and about 16% for international travel vs. last year*.
 
To help travellers continue to navigate some of the increased pricing, KAYAK, the world's leading travel search engine, is launching a new "Best Time to Travel tool" as the place to start a trip planning, uncovering optimal times of the year to fly and when to book by for a great price and trip experience.
 
With over 280,000 routes to choose from, KAYAK's Best Time to Travel tool incorporates predictive data from KAYAK's billions of travel queries to forecast future flight prices so travellers can easily compare pricing against weather and seasonality information to determine the best time to travel for their next trip. Let's give it a whirl.
 
Step 1: Enter the destination - learn the best month to go
Plug in the home airport, final destination and choose from KAYAK's most popular trip lengths (i.e. one is travelling for 4, 7 or 14 days). KAYAK will return the best month to visit based on a number of factors including price, crowds and weather. For example, March is the best month for Delhities (from New Delhi) to visit Toronto for a 7 day trip (one of KAYAK's most popular summer travel destinations) for low flight prices, good weather and fewer crowds.
 
Travellers can also view a breakdown of the average, minimum and maximum flight prices for every month of the year. Continuing with KAYAK's theme, flight prices to Toronto are generally highest during the summer months (May through August) and cheapest during the low season months like March.
 
Step 2: Narrow down the travel dates
If someone has nailed down which month to go, now it's time to figure out which days to fly for less. KAYAK's calendar view provides a yearly overview of how flight prices change depending on the dates one can choose. For a 7-day trip to Toronto, leaving on March 6 and returning on March 20 to March 26 will be the best bet.
 
Step 3: Time for booking window to maximize savings
Once someone knows where and when one is going, it's time to figure out when to book. And guess what? KAYAK's new tool has covered here too. Recommended dates from KAYAK will automatically populate and the tool will advise on the best day to book both flight and hotel before prices start to rise. For a 7-day trip to Toronto, KAYAK recommends booking the flight in October.

Not ready to book? No problem. Add a Price Alert so one knows exactly when prices will rise and fall for the flight or hotel one wants.
 
Mr. Tarun Tahiliani, Country Manager – KAYAK, said, "At KAYAK, every tech-backed tool is built to make travel simpler, cheaper and more efficient for users, be it our travel search engine that finds the great deals or the price alert that makes it easy to lock in the best price. The Best Time To Travel tool is the next natural progression for us, since it addresses a key pain point – uncertainty while planning. Using our search data, including weather forecasts, price forecasts, projected crowds, and much more, we're removing the guesswork for the travel planning process. With our predictive analysis, travellers can rest assured that they're choosing not just the best month to travel but also the most economical booking window. We're using our data to give travellers the information they need to make decisive actions and ultimately simplify the planning process for everyone."
 
Additional results from the KAYAK.co.in Best Time to Travel tool using a 7 day trip*:
 
Domestic travel    International travel
Departing domestic location Intended domestic destination Best month to travel according to KAYAK.co.in   Departing domestic location Intended international destination Best month to travel according to KAYAK.co.in
Delhi Goa July   Delhi London February
Mumbai Srinagar October   Mumbai Dubai September
Bangalore Andaman and Nicobar Island August   Bangalore Bangkok August
Hyderabad Kochi February   Goa Singapore September
Chennai Kolkata March   Delhi New York November
 
Data Methodology
*Based on flight and hotel searches made on KAYAK.co.in and associated brands between 01.01.2023 and 22.06.2023 for travel between 01.07.2023 and 31.12.2023. They were compared to searches for the same period in 2019 and 2022. All prices are current at publication and may vary over time. Destinations have been calculated using searches on kayak.co.in. All prices are average prices for economy, return tickets with departure from any airport in Australia. Prices may vary and savings cannot be guaranteed. Percentages for changes in searches are approximate.
 
'Best Time To Travel' Methodology
With over 280,000 routes to choose from, KAYAK's Best Time to Travel tool incorporates data from KAYAK's billions of travel queries to forecast future flight and hotel prices so travellers can easily compare pricing against weather and seasonality information to determine the best time to travel and to book for their next trip.
 
Flight prices are predictions based on analysis of current and historical minimum roundtrip prices for one traveller. Prices include monthly averages as well as the greatest and least percentages in intervals of ten for each trip length. With the data, KAYAK tries to forecast future minimum price trends - these estimates are subject to change and should be interpreted as a rough directional guide. For full details on the Best Time To Travel methodology, please visit https://www.kayak.co.in/best-time-to-travel. 
Business Wire India


  • Versuni expands trust, quality, and innovation of Philips home appliances with foray into the home safety segment.
  • Launches a comprehensive solution, featuring two indoor and one outdoor camera, supported by a user-friendly app-based, control interface.
​
Building onto its commitment of turning houses into homes with world-class innovation, Versuni, formerly known as Philips Domestic Appliances, announced strategic expansion into the Home Safety Products. The end-to-end solutions comprising three smart security cameras and a user-friendly Home Safety app, makes this the latest addition in an extensive range of Philips' offerings across Kitchen Appliances, Garment Steamers, and Home Care in India. The move further strengthens brand's commitment towards making everyday life of consumers – better, easier, healthier, and now even safer.
 
Features of Philips Smart Security Camera
 
  • 24*7 control
  • AI motion detection
  • Anti-theft alarm
  • Smart alert
  • Enhanced clarity
  • 360-degree view
Philips Home Safety solutions offers homeowners a range of benefits, combining Artificial Intelligence, user-friendliness, and reliability. With smart capabilities, the Philips Smart Security Cameras can effectively differentiate between motion, noise, and people, reducing false alarms and providing accurate alerts. The products offer 24/7 control, that allows viewing, recording, or responding to security events from anywhere, enabling users to look after their loved ones, even when they are away from home. The set-up and use of these cameras is extremely simple, supported by Virtual Assistance which can be done by the consumers in three simple steps. The commitment to security is further reinforced by video analysis taking place on the device itself, ensuring data privacy. AES-128 encryption, at the same level as is used by banks, safeguards videos even if the SD card is removed, while app-level biometric recognition protects against unauthorized access. As a testament to the trust, quality and durability associated with the Philips' household products, the new home security cameras range come with a remarkable 2-year warranty.

Commenting on the expansion, Mr. Gulbahar Taurani, MD & CEO, Philips Domestic Appliance, India Subcontinent, said, "We are thrilled to take forward & strengthen the trust that people have on Philips' range of home appliances with our foray into the Home Safety business. With a growing demand for heightened safety and protection in families, our comprehensive range of Philips Smart Security Cameras provide round-the-clock control and peace of mind. Through the integration of cutting-edge technology, user-friendly interfaces, and a steadfast commitment to data privacy, our objective is to make each aspect of homes better and simpler. At Versuni, we are on a mission to turn houses into homes and the homes into places people love and feel secure in."
 
The new range of Philips Smart Security Cameras come in three models:
  • Philips Smart Indoor WiFi Camera (HSP1000) offers 24/7 control on the move via the app, enhanced day and night vision (2MP), motion detection, live view, two-way communication feature, and an anti-theft alarm system, providing smart alerts along with easy DIY installation.
  • Philips Smart 360° WiFi Indoor Security Camera (HSP3500), with its 360° view and enhanced 2K clarity (3MP), also incorporates motion detection, live-view, two-way communication feature, anti-theft alarm system, smart alerts, and hassle-free DIY installation.
  • Lastly, Philips Smart 360° WiFi Indoor Security Camera (HSP3800) offers a 360° view, live view, two-way communication including enhanced day and color night vision (2MP) for clear view, motion detection with spotlight, an anti-theft alarm system, smart alerts, easy communication, and weatherproof IP65 Rating for clear vision even during rains.

Philips Home Safety is committed to providing comprehensive support to its consumers after purchase and offers self-initiated support materials, such as a quick start guide and troubleshoot videos. Consumers can also contact the virtual assistance team via phone, WhatsApp, or email, with a 7-day Call-Centre support available in six languages. For anyone who need in-person assistance, there is network of over 250 service centres across India. Additionally, in case of any technical issue, there is an option of at-home camera replacement (within 48 hours) available across seven priority cities namely NCR, Mumbai, Hyderabad, Chennai, Kolkata, Pune, and Bengaluru.
 
The Philips Smart Home Security Cameras - HSP 1000, HSP 3500 and HSP 3500 are now available for purchase at Rs 3,295, Rs 5,295 and Rs 7,795 respectively on Amazon and Philips Domestic Appliances online store.
Business Wire India

Johnson Controls (NYSE: JCI), the global leader for smart, healthy, and sustainable buildings, today announced the expansion of its most significant philanthropic initiative, the College Partnership Program to the National Capital Region (NCR) at Don Bosco College, in Gurgaon. This expansion builds upon the program's existing presence in 32 community and technical colleges in the U.S., Canada, and Pune, India. As part of the initiative, the company is extending a $20,000 renewable grant to support scholarships and will provide a new computer lab at Don Bosco College in Delhi in lieu of the program's NCR expansion.
 
In contrast to the North American program which emphasises on the training of proficient technicians, the Indian program focuses on cultivating business-oriented abilities. The 600 students enrolled in the Bachelor of Commerce course have been positively impacted from the program, with approximately one-third of them being granted tuition scholarships sponsored by Johnson Controls.

The program is committed to enrolling and graduating students, especially women from historically marginalised communities in local college programs. The College Partnership Program in Pune that was initiated last year was aimed at empowering women hailing from the marginalised regions. At its crux, it shares the same mission as its North American counterpart: fostering diversity, empowering underprivileged students, and aligning college courses of study with career paths. Additionally, as part of the program, Johnson Controls' employees have committed to supporting the students as mentors, tutors, and guest speakers to ensure their persistence through graduation. 
 
Commenting on the development, Mitul Rustagi, Global, Vice President, Finance Center of Excellence, Johnson Controls, said, "We are thrilled to witness the tangible change that the College Partnership Program has created in Pune over the past year, and we are equally excited to unveil the expansion of the program in NCR. Through our partnership with Don Bosco College, we are taking significant strides to empower and uplift underrepresented communities by providing them access to local college programs. With this, we continue to invest in the country's bright future, fostering innovation and creating avenues for talented individuals to thrive. We look forward to the positive impact that it will bring to the community and continue to further our company's journey toward a sustainable and inclusive future."

Johnson Controls also marked the first anniversary of its Global Finance Center of Excellence in Gurgaon, India. The cutting-edge center has played a pivotal role in Johnson Controls' global finance operations. Spanning over 85,000 square feet, the facility has grown from an initial team of 200 to over 1200 members, a 500% increase in the employee population in one year. As a company with a long-standing presence in India since 1995, it employs over 8,000 professionals across the country, with three manufacturing facilities, employing 2500 engineers.
Business Wire India

  • Reaffirms $1.5Bn revenue run-rate in FY25 Q1
  • Revenue of Rs. 2,301 crore, up 15% YoY Q1
  • Net profit of Rs. 311 crore, up 13% YoY

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India's leading pure-play engineering services company, announced its results for the first quarter ended June 30, 2023.
 
Highlights for Q1FY24 include:
 
  • Revenue at Rs. 23,014 million; growth of 15% YoY
  • USD Revenue at $280 million; growth of 10% YoY in constant currency
  • EBIT margin at 17.2%
  • Net profit at Rs. 3,111 million; growth of 13% YoY
 
During the quarter, LTTS won a USD 50 million plus deal, and additionally five deals with TCV of more than USD 10 million each.
 
"We had a quarter of strong deal wins across all five segments, the highlight being a $50M plus deal in Telecom and Hitech. Our customers continue to spend on transformational technologies and seek ER&D partners who can deliver innovation, speed-to-market and cost synergies.
 
With the addition of Smart World and Communication, we are now better positioned to play in the Next generation communications space. The early wins and critical partnerships with telecom service providers, equipment manufacturers and cyber security providers will create a robust foundation for our future growth.
 
Our investments into emerging technology areas like AI, Software Defined Vehicle (SDV) and cybersecurity continue to help us engage with customers on ways to prioritize strategic spends and increase market agility," said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.
 
Highlights and Recognitions:
 
  • LTTS has partnered with Palo Alto Networks to provide enterprises in diverse verticals with security services and solutions in 5G and Operations Technology (OT). Under the agreement, LTTS will become a Palo Alto Networks Managed Security Services Partner (MSSP), delivering a suite of security services to global customers in industrial verticals.
  • LTTS is recognized as a Great Place to WorkTM for second time in a row in India and in Poland for the first time. LTTS scored high on parameters like credibility, respect and pride as well as high overall participation from employees.
  • LTTS was also recognized as the Leadership Factory of India by Great Manager Institute.
  • Rated as leaders in Manufacturing Smart Industry Services 2023 RadarView by Avasant.
  • LTTS received the Aveva Global Alliance partner of the Year Award for delivering the highest business growth for Aveva.
  • Recognized as Sustainability Partner of the Year by PTC for LTTS' ESM solution built on PTC platform.

Patents
At the end of Q1FY24, the patents portfolio of L&T Technology Services stood at 1,145, out of which 757 are co-authored with its customers and the rest are filed by LTTS.

Human Resources
At the end of Q1FY24, LTTS' employee strength stood at 23,392.
Business Wire India

Visa (NYSE: V) has launched She's Next in India, part of Visa's global program to enable women in their efforts to fund, run, and grow their businesses. She's Next is a global advocacy program that brings practical insights and tools to women-led small businesses, including networking, mentoring, and funding opportunities with Visa.
 
The grants program will be open to applications from women-owned and women-led businesses from 14 July 2023 to 27 August 2023. Following a rigorous screening process, the shortlisted businesses will undergo a jury review. Of this, three women entrepreneurs (particularly small business owners) will be selected as winners for a grant of $10,000 each. 
 
Commenting on the launch, Sandeep Ghosh, Group Country Manager, India & South Asia, Visa, said, "Visa's unwavering commitment to supporting the growth of small businesses and women is a part of our mission to enable businesses to thrive. Bringing the She's Next Grants Program to India, we believe, will strengthen our support for women-led businesses that face barriers to access and opportunity, be it for funding, mentorship or networking. By offering financial assistance, we aim to make a significant impact on deserving communities, bring about enduring social change and uplift the communities and people we serve and operate in."

Visa has demonstrated a longstanding commitment to supporting women-owned businesses and female entrepreneurship in India through various initiatives. In 2020, Visa launched a grants program in India with global partner IFundWomen to help women entrepreneurs secure funding for business growth and expansion. In 2021, Visa drove a focused program with NASSCOM Foundation to enable digital and financial literacy among 650 women micro-entrepreneurs in rural areas.

Most recently, in 2022, Visa committed $1 million to United Way Mumbai (UWM) to support women-owned and women-focused businesses across 170 villages in four states, in a program aimed at benefitting at least 8,500 women. By equipping these women micro-entrepreneurs with essential skills and linking them with relevant financial resources, Visa aims to empower both their individual enterprises and the communities they serve.

As part of the, She's Next Grants Program, Visa has invested more than $2.2 million in over 200 grants and coaching sessions for women entrepreneurs in the US, Canada, India, and Ireland as of 2020.
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