New Delhi, India, 29^th January 2025: C.E. Info Systems Ltd. (“MapmyIndia”), India’s leading advanced digital maps and deep-tech products and platforms company, announced today its financial results for the Third Quarter and Nine months of FY2025 ended on 31^st December 2024.

Financial Highlights for Q3 and 9M FY25:

Commenting on the Q3 and 9M FY25 results, Rakesh Verma, Chairman & Managing Director, MapmyIndia, said “In Q3 FY25, we successfully operationalized the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint. As part of our long-term strategy, both the Mappls App and the Mappls brand will continue to be the integral part of the organization.

On the financial front, our revenue for Q3 FY25 reached ₹115 crore, showing a 25% YoY growth. Over the first nine months of FY25 (9M FY25), our revenue grew to ₹320 crore by 17%, up from ₹273 crore during the same period last year.

In terms of profitability, our EBITDA for Q3 FY25 was ₹42 crore, yielding a margin of 36%, compared to ₹36 crore in Q3 FY24 at 39%. For the first nine months of FY25, our EBITDA stood at ₹122 crore, with a margin of 38%, as compared to ₹114 crore and 42% margin recorded in the same period last year. We will continue to prioritize the Mappls App as a key strategic asset while we will calibrate the costs associated from Q4 onwards. Our Profit After Tax (PAT) for the first nine months of FY25 was ₹99 crore, up from ₹96 crore in 9M FY24.

In Q3 FY25, Consumer Tech & Enterprise Digital Transformation (C&E) revenue surged by 39% to ₹65 crore, while Automotive & Mobility Tech (A&M) revenue had a steady growth of 9% to ₹49 crore. In the first nine months of FY25, our A&M revenue grew by 16% YoY, while our C&E revenue saw a 19% increase. Our Map-led business delivered a very strong 33% growth to ₹87 crore in Q3 FY25, while the IoT-led business had a growth of 4% during the quarter due to delays in some anticipated business. However subscription services grew 31% year on year for the quarter. Our continued focus to build IoT-led business with higher margin subscription revenue has resulted in the IoT-led EBITDA margin to grow from 8% in 9M FY24 to 12% in 9M FY25.

Our efforts in the previous quarters culminated in securing a major deal with one of the largest global social media networks across all their app platforms in India, as well as significant wins in the burgeoning quick commerce space and BFSI vertical, which had a strong positive impact on our C&E business. We also made significant strides in customer acquisition and deepened relationships with existing clients through upselling and cross-selling initiatives. This included notable go-lives and project wins across various sectors, such as automotive, fleet management, tech startups, traditional corporations, government and defence.”

Mumbai, India | January 29, 2025: Piramal Pharma Limited (NSE: PPLPHARMA | BSE: 543635), a leading global pharmaceuticals and wellness company, today announced its standalone and consolidated results for the Third Quarter (Q3) and Nine Months (9M) ended 31^st December 2024.

Key Highlights for Q3FY25/9MFY25

• Revenue from Operations grew by 14% YoY for 9MFY25, primarily driven by high-teen growth in the CDMO business
• EBITDA grew by 20% YoY for 9MFY25, supported by operating leverage, cost optimization initiatives and superior revenue mix
• Net-Debt to EBITDA ratio maintained at 2.8x
• Best-in-Class Quality Track Record – No pending observation at any of our US FDA inspected sites
• Significant Step Towards Sustainable Operations – Converted the coal-fired steam boiler at our Digwal facility to operate on biomass briquettes, a carbon-neutral fuel source. This will eliminate ~24,000 tCO2e¹ GHG² emissions annually accounting for about 17% of our total emissions

 Nandini Piramal, Chairperson, Piramal Pharma Limited said, “FY25 so far has been a steady year for the Company with revenue growth of 14% and EBITDA growing at 20%. Our CDMO business continues to deliver robust performance with 18% revenue growth along with EBITDA margin improvement in 9MFY25. This performance was largely led by innovation related work. Our CHG business registered an early-teen revenue growth during the quarter on the back of strong volume growth in our Inhalation Anesthesia portfolio. In our ICH business, power brands continue to register about 19% growth.

The quarter also marked a significant milestone in our journey towards sustainable manufacturing with the conversion of coal-fired steam boiler at our Digwal facility to operate on biomass briquettes. This will significantly reduce our GHG emissions – underscoring our unwavering commitment towards the planet.”

29 January 2025 – KPMG in India, a leading professional services firm, and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and technology company operating exclusively within the Hedera ecosystem, today announced a strategic alliance, aimed at accelerating the impact and enterprise adoption of blockchain and Distributed Ledger Technologies (DLT) across industry sectors, leveraging Hedera’s platform capabilities and its enterprise-grade DLT network.

The alliance is expected to see KPMG in India and The Hashgraph Group AG (THG) collaborating to enable and advance blockchain adoption, thereby aiming to deliver transformative benefits to enterprise clients globally and across various sectors. The strategic alliance is expected to aim to offer co-branded and joint go-to-market solutions, leveraging THG’s Hashgraph for Enterprise (H4E) product suite to enable businesses to benefit from secure enterprise-grade solutions built on the Hedera with service level agreements (SLAs).

DLT implementations are rapidly transitioning from nice-to-have to must-have decisions as we further advance into the future of a decentralized and interconnected Web3 economy. The growing adoption of DLT is expected to continue to gain traction for enterprises, with this technology now empowering many industries through its distributed ledger system. The evolution of  DLT as a technology, to a complete digital infrastructure, showcases its unique abilities to boost security, reduce costs, and enable everyday transactions to be more efficient, affordable, and convenient, while saving energy and meeting environmental, social, and governance (ESG) criteria and reporting requirements.

Speaking on the alliance, Chaitanya Gogineni, Partner, Digital Lighthouse, KPMG in India said “We are excited to join forces with The Hashgraph Group to build innovative Digital Ledger Technology (DLT) led tools and enable digital transformation for our clients. This alliance is built on a shared vision of empowering businesses to harness the power of DLT, unlocking new opportunities and creating lasting value”.

To this effect, this strategic alliance is expected to combine KPMG in India’s extensive expertise in the area of advisory and consulting services with Hedera’s leading DLT platform to create robust, secure, and energy-efficient decentralized solutions that can be easily, safely, and seamlessly integrated. The alliance could also look at addressing critical challenges and enterprise needs in areas such as digital identity (DID), digital product passport (DPP), sustainability, supply chain management, asset tokenization, and more.

Stefan Deiss, Co-Founder & CEO of The Hashgraph Group stated, “This strategic alliance with KPMG in India represents a pivotal moment in combining the strengths of a leading professional services firm with the technological power of Hedera as the world’s leading layer-1 protocol to enable organizations with Hedera-powered post-quantum enterprise solutions. We are excited to embark on this joint go-to-market journey with KPMG in India and look forward to empowering businesses to compete in the Web3 economy.”

Additionally, the structured collaboration in the productization and commercialization of DLT for enterprises, might enable KPMG in India and THG to pool engineering resources, advisory expertise, investments, and strategic Web3 capabilities to serve the growing demand for enterprise ready blockchain-powered solutions, with the achieved synergy expected to strengthen both KPMG in India and THG’s global market presence, while increasing client reach and enhancing service delivery through a joint go to market strategy and unified project execution.

Krishna Tyagi, Head of Web3 at KPMG in India said “Today blockchain technology has the potential to revolutionize various sectors by providing secure, transparent, and efficient solutions. Our alliance with The Hashgraph Group is expected to enable us to offer our clients immense value and drive innovation in the digital economy enabled by blockchain technology.”

Hedera leverages its Hashgraph consensus algorithm to achieve high speed, security, and scalability. It’s low, predictable fees, and carbon-negative footprint make it ideal for enterprise applications ranging from decentralized finance to sustainability solutions to supply chain management. Governed by some of the world’s leading organizations, including the 32 Hedera Governing Council members Hedera offers a trusted and robust quantum-resistant infrastructure for businesses and institutions.

Anindya Roychowdhury, Head of Global Partnerships at The Hashgraph Group said “Having spent a large part of my professional career with KPMG in India, I am delighted to have facilitated this important collaboration. India is emerging as the world’s 1 destination for Web3, and this strategic alliance will establish Hedera as the preferred DLT protocol for governments and enterprises; we have already made significant inroads through our local presence in India and expect to scale massively over the coming years.”

New Delhi, January 2025: Worldskills recently appointed Samantha Kochhar as the Skill Competition Manager for WorldSkills International. This historic milestone further solidifies India’s presence on the global stage of excellence in the hairdressing industry.

Samantha Kochharr, a trailblazer in the hair and beauty industry, has been shaping the sector since the age of 11. With an impressive career spanning decades, she brings extensive experience in national and international film, fashion, and creative arts. As the Managing Director of Blossom Kochhar Aroma Magic and the Blossom Kochhar Group of Companies, she has successfully combined entrepreneurial expertise with her creative flair.

She is the first Asian to hold this position, breaking barriers and setting new benchmarks for the industry.

In addition to her professional accomplishments, Samantha Kochharr is also an author and her spiritual journey has profoundly influenced her work, reflected in her book, Arribada: The Arrival, which provides a unique perspective on healing and self-discovery.

Speaking about her new role, Samantha Kochharr said, “I am deeply honored to be entrusted with the responsibility of serving as the Skill Competition Manager for WorldSkills International. This role represents an opportunity to contribute to the global standards of the hairdressing industry.”

Samantha Kochharr’s appointment is a testament to her relentless dedication, vision, and commitment to nurturing talent and innovation. Her leadership continues to inspire professionals worldwide, while her achievements pave the way for India’s continued recognition as a global leader in the beauty and wellness sector.

Atrangii, Ullu, and Hari Om OTT have announced the appointment of Abhay Chheda as Vice President – Syndication and Distribution. With nearly two decades of experience in the media and entertainment industry, Abhay is a distinguished professional renowned for his proficiency in content acquisition, syndication, and digital distribution. Prior to this , has held leadership roles at GoQuest Media Ventures, where he led key business verticals for over eight years. He has also been associated with Buddha Pictures, overseeing international syndication and Disney UTV Studios, where he contributed to global marketing campaigns and international theatrical distribution.

He will lead the Business Syndication team, with his role encompassing syndication and distribution of content across the platforms.

Vibhu Agarwal, Founder & CEO of Hari Om, Atrangii, and Ullu, shared, “Abhay Chheda’s appointment marks a significant step in our journey to explore content syndication across various languages and genres, along with the distribution of our content. His experience, creativity, and leadership will play a pivotal role in driving our vision for all three varied platforms forward.”

On taking up his new role, Abhay Chheda shared, “I am genuinely excited to join Vibhu Agarwal Group’s OTT platforms and collaborate with a team that is deeply committed to revolutionizing content on Indian OTT. With my expertise in international content syndication and distribution, I look forward to taking the platforms to newer heights and audiences worldwide”

Atrangii, Hari Om, and Ullu OTT are set to embark on an exciting new chapter, delivering a diverse array of content from different Indian and international languages that captivates audiences and sets new benchmarks in entertainment.

Oxford, UK and Bengaluru, India – January 29, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, and Saïd Business School, University of Oxford, one of Europe’s leading entrepreneurial business schools, today announced the launch of the ‘Springboard StartSmart: Foundations for Entrepreneurs’ course. Leveraging Infosys Springboard, the free digital learning and reskilling platform, the course is aimed at new entrepreneurs and small and medium enterprises (SMEs). The collaboration aims to empower entrepreneurs and SMEs with the skills and knowledge needed to thrive in today’s dynamic business landscape.

Through this collaboration, Oxford Saïd’s accredited courses will be tailored to the specific needs of young entrepreneurs empowering them at all stages of their entrepreneurial journey, from early-stage founders to those considering starting their own businesses. The course will aim to democratize the overall learning process and equip learners with the knowledge and tools required to embrace digital transformation, apply fundamental business concepts, and leverage the potential of emerging technologies, including AI tools.

Manos Kapterian, Chief Operating Officer at Oxford Saïd, said, “While the UK fosters a strong culture of innovation and entrepreneurship, nearly 60 percent of small British businesses and start-ups face failure within the first three years. Providing access to the right tools and mentorship are vital ingredients to the success of these start-ups. We are pleased to form this collaboration with Infosys, bringing our world-class business education to even more aspiring entrepreneurs and SMEs, helping them to have a positive impact in their communities.”

Thirumala Arohi, EVP and Head – Education, Training, and Assessment, Infosys, said, “We are committed to harnessing the collective strength of our technology and people to transform the communities we work in. By bridging the digital divide through world-class digital learning opportunities, we aim to create a more equitable society and nurture a new generation of business leaders. Our collaboration with Oxford Saïd Business School and our digital learning platform, Springboard, provide the tools to achieve this goal. In the UK, one of the most entrepreneurial countries globally, this course has the potential to equip entrepreneurs with the right tools, enabling them to thrive in the ever-evolving business landscape while solving important global challenges.”

Infosys’ joint efforts with Oxford Saïd build on Infosys’ successful collaborations with local councils across the UK to provide access to learners with vital digital skills and resources. Since the launch of the initiatives in 2021 over 50,000 registered users are actively benefiting from over 10,000 courses offered through the Infosys Springboard platform.