CHENNAI PLUS

The Udaiti Foundation shared new data from their Close the Gender Gap (CGG) Initiative for FY 2023-24, focusing on various gender metrics like leadership roles, pay equity, retention, and workplace policies. The data was based on reports from over 2000 NSE listed companies. The initiative aims to help organizations close gender disparities and achieve diversity and inclusion goals. CEO Pooja Goyal emphasized the need for companies to address gender gaps by promoting women in leadership and ensuring equal opportunities.   Despite only 18% of formal employment in India being held by women, certain sectors show higher female representation. The findings also highlight disparities in pay, leadership roles, and turnover rates in different industries. The initiative encourages private sector companies to disclose gender data to create a more inclusive work environment. Increased reporting of sexual harassment complaints is noted, highlighting the importance of improving safety mechanisms a

Honouring the rich legacy of the State Bank of India, the Honourable Minister of Finance and Corporate Affairs of India, Smt. Nirmala Sitharaman unveiled a specially minted ₹100 commemorative coin to mark the centenary of SBI’s iconic Horniman Circle Branch. Alongside the coin launch, she also unveiled the 5 th edition of The Evolution of the State Bank of India , chronicling a transformative era in the bank’s journey between 1981 and 1996.  The event was graced by the presence of the Secretary of the Department of Financial Services (DFS), Shri M. Nagaraju, among other dignitaries.   Speaking on the occasion, Minister of Finance and Corporate Affairs of India, Smt. Nirmala Sitharaman said, “SBI’s remarkable journey, culminating in the centennial celebration of its iconic branch, reflects an extraordinary legacy of growth and service. From 100 branches at the time of the 1920 amalgamation to 22,640+ branches, with plans to add 500 more in FY 2025, SBI continues to expand its reach.

Aegis Vopak Terminals Limited (“AVTL”), a material subsidiary of Aegis Logistics Limited (the “Company”), has filed the Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Aegis Vopak Terminals Limited the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas (“LPG”) and liquid products in terms of storage capacity, as of June 30, 2024. (Source: CRISIL Report) The IPO comprises of a fresh issue of equity shares of face value ₹ 10 each of AVTL(“Equity Shares”), for an amount aggregating up to Rs. 3,500 crore (the “Issue”) and will be undertaken subject to requisite approvals and market conditions. The Company proposes to utilise the Net Proceeds from the Issue towards (i) Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company (ii) Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore and (iii) General corporate

Amazon announced that Indian exporters on its Amazon Global Selling program are geared to showcase millions of ‘Made in India’ products to customers across the world during the annual Black Friday and Cyber Monday (BFCM) sale event. This year, customers will have more days to shop than last year. Indian exporters have launched over 50,000 new products on Amazon’s global marketplaces for the sale event, which starts on November 21 and ends on December 2. Amazon customers globally will be able to discover and shop from a range of products across categories including home and kitchen, STEM toys, apparel, health and personal care, office products, jewellery, beauty, and furniture by exporters across India. Black Friday and Cyber Monday are significant events marking the beginning of the holiday season globally and, at this time, customers look to buy products to use at home and to gift to friends and family.   Bhupen Wakankar, Director, Global Trade, Amazon India, said : “The upcoming gl

CIEL HR Services Limited the only company in India that offers a comprehensive suite of technology-driven human resources solutions across the entire human resource chain impacting every part of the employee lifecycle as of June 30, 2024 (Source: F&S Report) has filed Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The Public Offer comprises of a fresh issue of equity shares aggregating up to Rs. 335 crores and an offer for sale (OFS) aggregating up to 4,739,336 equity shares by the Selling Shareholders (THE “OFFERED SHARES”)” with face value of ₹2 each equity share. CIEL HR is promoted by Pandiarajan Karuppasamy (Chairman and Executive Director of CIEL HR Group). Promoter Chairperson, Pandiarajan Karuppasamy and Promoter Director, Hemalatha Rajan were the original promoters of Ma Foi Management Consultants Private Limited (“Erstwhile Ma Foi”), an HR company which was subsequently acquired by a global staffing company. The Offer for Sale of

Godrej Capital, the financial services arm of Godrej Industries Group, has become one of the early adopters of Generative AI, (GenAI) in the NBFC space with the launch of various Generative AI solutions, now live.   One of the standout applications of GenAI at Godrej Capital is its role in transforming customer interactions through comprehensive AI-driven quality checks. By analyzing 100% of customer calls and email engagements, Godrej Capital enables its decision-makers to extract actionable insights that drive continuous service enhancements. This in-depth analysis streamlines workflows and reduces the manual time required to review interactions, resulting in a seamless, highly personalized experience for customers while also saving on operational costs.   In addition, Godrej Capital’s use of GenAI extends to its 100% analysis of Net Promoter Score (NPS) feedback. By assessing all NPS data, the company proactively identifies trends in customer satisfaction, allowing it to swiftly

Chennai November 19 2024: Re Sustainability International (Singapore), a subsidiary of Re Sustainability Limited, one of Asia’s largest integrated environmental and sustainability services providers, announces the acquisition of G3 Environmental Private Limited, a leading Singapore-based industrial and commercial waste management company with a strong client base and over 20 years of industry experience. G3 Environmental’s businesses include Tee Environmental, Tee Recycling, and Envotek Engineering—companies renowned for their track record of excellence and robust client base in Singapore over two decades. This acquisition strengthens Re Sustainability’s commitment to expanding its comprehensive suite of environment management solutions across the region. With a proven track record of customer centricity, with over 98% of its FY2023 sales coming from repeat customers, G3 Environmental has built invaluable brand loyalty with marque clientele in Singapore. This client-focused approac

LG Electronics India Private Limited (LGEIL) has once again been awarded the prestigious ‘Great Place To Work®’ certification, marking the second consecutive year that LG Electronics India has earned this esteemed recognition. Great Place To Work is the global authority on workplace culture. Their mission is to help every place become a great place to work for all. Their recognition is known for elevating employer brands to attract the right people. Receiving this certification for the second time is a testament to LG Electronics India’s ongoing efforts to create a healthy workplace environment. Building on the success of last year, LG Electronics India has focused on employee satisfaction by prioritizing values that shape a great place to work—namely, pride in the organization, trust in leadership, and a collaborative, supportive work environment. Commenting on this milestone, Mr. Hong Ju Jeon, Managing Director, LG Electronics India, said, “We are honored to receive the Great P

Gokaldas Exports registered a robust topline growth of 85% and 19% growth in profits on YoY basis in 2QFY25. The company, during the quarter ended September 30, 2024 reported a consolidated total income of ₹ 941.8 Crore compared to ₹ 509.0 Crore in the same quarter last year and a consolidated profit after tax of ₹ 28.2 Crore compared to ₹ 23.7 Crore in the previous year 2QFY24.   Commenting on the company’s second quarter, Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, “We reported healthy growth in total income both in the quarter and half year indicating a sustained growth momentum. The majority of the growth during the quarter was contributed by Gokaldas Exports excluding Atraco & Matrix, as it is a seasonally lean period for both the acquired entities. On consolidated profitability front, muted volumes in the acquired entities, coupled with air freight cost in Gokaldas Exports and employee cost build up in anticipation of future

Amazon announced the launch of its first Amazon Future Engineer Makerspace in Bengaluru, set to empower over 4000 young minds by 2025. Partnering with The Innovation Story, this initiative will provide underserved students in grades 5th to 12th with immersive, hands-on learning experiences, nurturing their curiosity and equipping them with innovative technological skills to become future change-makers.   The Makerspace offers different programs for students of all levels. For beginners, there are short, 3-4 hour programs to learn basic robotics and coding. For those who want to learn more, there are longer, 6-hour programs to explore advanced topics that will dive deeper into advanced robotics, programming, prototyping, and design over the course of two days. For the most advanced students, there are multi-month programs to help them become experts. These programs help students learn to work together, design robots, and compete with other students. The Makerspace has special areas wh

National, November 18, 2024 : Enviro Infra Engineers Limited (“ Enviro Engineers ” or “The Company ”), shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Friday, November 22, 2024.   The total offer size of Equity Shares (face value   ₹ 10 each) comprises of fresh issue of up to   3,86,80,000 Equity Shares (The “Fresh Issue”) and offer for sale of up to 52,68,000 Equity Shares. (The “Offer for Sale” ).   This offer includes a reservation of up to Up to 1,00,000 Equity Shares for subscription by eligible employees. (The “Employee Reservation Portion” )   The Anchor Investor Bidding Date shall be Thursday , November 21, 2024 . The Bid/Offer will open on Friday, November 22, 2024 and close on Tuesday, November 26, 2024. ( “Bid Details” )   The Price Band of the Offer has been fixed at ₹140 to   ₹ 148 per Equity Share. Bids can be made for a minimum of 101 Equity Shares and in multiples of 101 Equity Shares thereafter. (The “Price Band” ).  

Reliance Group has launched the “Reliance Group Corporate Centre” (RGCC) as a part of its VISION 2030: Growth Strategy. The RGCC will serve as a strategic hub, providing guidance to the Group’s companies as they pursue new opportunities and technological advancements. The core team of RGCC will include experienced leaders of the group -Mr.Sateesh Seth, Mr.Punit Garg, and Mr. K. Raja Gopal, who collectively bring nearly100 years of management expertise, including over 50 years within the Reliance Group.Both Mr.Seth and Mr.Garghave dedicated more than two decades to the group, serving in various leadership positions. Mr. Punit Garg currently leads as CEO of Reliance Infrastructure,while Mr.K.Raja Gopal has been at the helm of Reliance Power for six years. He has over 27 years experience in the power sector. Other leaders from the group companies will also be invited to the RGCC. The establishment of RGCC  aims to harness the in-house expertise of these seasoned leaders to support the

Hindustan Zinc Limited, a top zinc and silver producer, has secured a license for a gold mining block in Rajasthan through state government auctions. The company was declared the "Preferred Bidder" for the Dugocha Gold Block, marking a significant milestone in their growth. CEO Arun Misra highlighted the strategic importance of this acquisition in tapping diverse mineral resources to support economic growth. The block in Salumber spans 472 hectares and is at the G3 exploration level, with estimated resources of 1. 74 Mt and 1. 63 g/t gold. Earlier, Hindustan Zinc also won bids for tungsten blocks in Andhra Pradesh and Tamil Nadu, strengthening their presence in the precious metals sector. The company's commitment to sustainability is evident in initiatives like the EcoZen brand, which has a low carbon footprint. Hindustan Zinc aims to achieve Net Zero emissions by 2050 and plays a crucial role in producing critical metals for the global energy transition.

Schaeffler India, a leading motion technology company in partnership with ‘Buddy4Study Foundation’ has announced the winners of its 2024 edition of the ‘ Schaeffler India Social Innovator Fellowship Program’. The initiative aims to recognize and reward social entrepreneurs developing unique sustainable solutions that have the potential to positively impact and benefit society at large. It is also part of Schaeffler India’s flagship Corporate Social Responsibility (CSR) initiative HOPE, reinforcing its commitment to Healthcare, Occupational skill development, Preservation of Heritage & Environment and Empowerment of society. Marking its third edition, this year’s fellowship program invited applicants between the ages of 18 – 35 across different institutions including IITs, IIMs, NITs, non-profit organizations, and early-stage startups, to pitch their ideas and prototype solution across six key categories. These include Environmental Sustainability, Renewable Energy, Carbon Neutral

LG Electronics, one of India’s consumer electronics brands, unveiled the latest additions to its audio line-up, the LG XBOOM series, comprising the XG2T, XL9T, and XO2T models. This new collection is designed to elevate the audio experience with better sound quality, enhanced portability, and lighting features, catering to both indoor and outdoor settings for music enthusiasts across the country.   With its latest XBOOM series, LG Electronics continues to push for audio innovation, offering products that blend powerful sound, stylish design, and portability to suit a range of music experiences. Each model is packed with capabilities, from dynamic sound output and immersive lighting to durability, making the XBOOM series a choice for all occasions—whether it’s a family gathering, outdoor adventure, or an evening at home.   “With the launch of our new XBOOM series, LG is bringing audio products that merge convenience with technology,” said Brian Jung, Director, Home Entertainment LG

  Siemens Limited, India at Transform – Innovation Day 2024, showcased the company’s latest innovations, solutions and partnerships that accelerate the digitalization and sustainability transformation of industry, infrastructure and mobility sectors in India. The company conducted expert sessions on pertinent topics including, Industrial Metaverse, Digital Twin, Cybersecurity, Generative AI in manufacturing, AI for Datacentres, technology for sustainability and energy efficiency for infrastructure. These innovations promise to significantly enhance productivity, energy efficiency, operational performance, quality and flexibility for companies of all sizes. Customers can access these technologies on Siemens Xcelerator, the open and evolving digital business platform, from over 1,000 offerings on the marketplace. It has integrated more than 400 sellers into the ecosystem globally and showcases over 200 India references.   During his keynote on “The return of the simple: Transforming th

The Happiness Survey by Godrej & Boyce’s Security Solutions business revealed that 70% of respondents prioritize safety and security when leaving children at home, surpassing health emergencies and emotional well-being concerns. The survey emphasized the crucial connection between robust home security and family peace of mind. Parents rely on modern security solutions to balance work and family life, with home cameras being the top choice for confidence. Remote monitoring systems also play a significant role in providing trust and reassurance. The EVP of Security Solutions highlighted that a secure home is essential for a family’s happiness and well-being. As urbanization rises, the need for advanced security solutions increases, with Godrej offering a range of products to meet these needs. The company’s commitment to security is evident in its work with educational institutions, deploying CCTV cameras to protect children’s physical spaces. The Happiness Survey engaged 2,400 re

Amazon announced the launch of its first Amazon Future Engineer Makerspace in Bengaluru, set to empower over 4000 young minds by 2025. Partnering with The Innovation Story, this initiative will provide underserved students in grades 5th to 12th with immersive, hands-on learning experiences, nurturing their curiosity and equipping them with innovative technological skills to become future change-makers. For the most advanced students, there are multi-month programs to help them become experts. These programs help students learn to work together, design robots, and compete with other students. The Makerspace has special areas where students can build and test their robots.   Akshay Kashyap, India Lead, Amazon Future Engineer Program said, “We’re excited to open our first Amazon Future Engineer Makerspace in Bengaluru. This state-of-the-art facility will provide thousands of young minds with the tools, knowledge, and mentorship they need to become future innovators. By offering hands-o

Advent International-backed Manjushree Technopack and Inventurus Knowledge Solutions Ltd, which provides healthcare support services, have received go ahead from market regulator Sebi to float initial public offerings. Manjushree Technopack is looking to mobilise Rs 3,000-crore through the initial share-sale, while the initial public offering (IPO) of Inventurus Knowledge Solutions, which is backed by Rekha Jhunjhunwala and RARE Enterprises, is entirely an Offer-For-Sale (OFS), an update with Sebi showed on Tuesday. The two firms had filed their respective preliminary IPO papers in August and obtained the regulator's observations during November 4 to 8. In Sebi's parlance, obtaining a regulator's observations means its go ahead to float the public issues. Manjushree Technopack's initial share-sale is a combination of a fresh issue of equity shares worth Rs 750 crore and an OFS of equity shares valued Rs 2,250 crore by AI Lenarco Midco Ltd, according to the draft red her