The culinary scene at Bengaluru just got more exciting as multiple Hilton hotels across the city celebrate their annual F & B initiative named ‘Chefs of Hilton’ where signature creations of chefs across the luxury, full service and focused service portfolio of Hilton are on the offering. This bespoke journey is the confluence of the finest minds from Hilton properties who come together to showcase the best-kept secrets from their homelands, offering a voyage filled with rich and diverse flavours. From the streets of Bihar to the mountains of Tibet, and the deserts of Rajasthan, ‘Chefs of Hilton’ will focus on authenticity, heritage, and culinary mastery, culminating in an extraordinary dining experience.

Chefs at Conrad Bengaluru, Hilton and Hilton Garden Inn Bengaluru Embassy Manyata Business Park, Hilton Bangalore Embassy GolfLinks and DoubleTree by Hilton Bengaluru Whitefield curate signature creations, crafted with exquisite flavors and meticulous presentation, and uncover the inspirations and passions behind each culinary masterpiece.

From exclusive meet-the-chef stories to behind-the-scenes insights, join us for a glimpse into the world of Hilton’s culinary masters where we celebrate culinary diversity. This event promises a unique fusion of traditional techniques, modern twists, and innovative flair, showcasing exceptional talent and creativity at the heart of Hilton’s dynamic team of chefs until September 2024.

Chef Mohammed Eliyaz, Executive Chef at Conrad Bengaluru – with deep-rooted passion for the gastronomy landscape, Chef Eliyaz is known for his expertise in conceptualising and crafting signature and seasonal menus alike. Chef Eliyaz will present fusion dishes like Chicken Tiradito and Fish Tamale.

With his motto of “Cooking is Art”, Chef Nessamani from Conrad Bengaluru will present a modern, fusion touch to South Indian cuisine, presenting a contemporary twist to its traditional dishes. Chef will present Cholam Triology (Corn ribs, popcorn cream, cornmeal upma), Seabass Kunafa (Moilee, Coconut strussels)

Meet Chef Ramadas Chandran, Chef de Partie at DoubleTree by Hilton Bengaluru Whitefield. With over 15 years of experience in the culinary world, his passion for South Indian cuisine reflects in every dish he creates. Hailing from the vibrant state of Kerala, he brings an authentic touch to every plate, infusing his creations with the rich flavors and traditions of his homeland.

Meet Kalil Rahuman Kadhar, Pastry Chef at DoubleTree by Hilton Bengaluru Whitefield. Chef Kalil draws inspiration from one of Kerala’s finest pastry chefs, his global journey further ignited his passion. With over 15 years of experience, Chef Kalil has honed his skills across multiple countries, working with renowned brands and drawing inspiration from time-tested traditions.

Hailing from the culturally rich state of Bihar, Chef Irfan Ahmed is a master of authentic Indian cuisine. At Hilton and Hilton Garden Inn Bengaluru Embassy Manyata Business Park, Chef Irfan meticulously crafts dishes that celebrate the rich flavors of Bihar, infusing each creation with a touch of family tradition and an unwavering attention to detail.

From the serene landscapes of Tibet, Chef Tashi Dakpa brings a fusion of tradition and innovation to the table. At Hilton and Hilton Garden Inn Manyata, Chef Tashi reinterprets the beloved ‘Tsampa,’ a traditional Tibetan dish cherished by generations. Drawing inspiration from this heritage, he crafts a German interpretation of Tsampa, presenting a unique culinary experience that marries Tibetan tradition with contemporary flair.

From the sun-kissed deserts of Rajasthan, Chef Jagdish Dewashi emerges as a culinary virtuoso with unparalleled expertise in Marwari and Rajasthani cuisine. His journey through the heartland of India has imbued him with a profound appreciation for the region’s culinary traditions. At Hilton and Hilton Garden Inn Manyata, Chef Dewashi brings to life the time-honored traditions of “Shakahari” cuisine.

Chef Gaurav, Executive Chef at Hilton Bangalore Embassy GolfLinks, started his journey 18 years ago in Kolkata, mastering his craft at prestigious establishments. Chef Gaurav’s dishes, such as narkel cholar dal, kumroor chokka, and loochi aamer aachar, are steeped in the flavors of his heritage, offering an authentic taste of Bengal. As an Executive Chef for the past eight years, he has blended traditional Bengali recipes with contemporary techniques, creating dishes that resonate with both nostalgia and innovation.

Chef Tushar Das, Executive Sous Chef at Hilton Bangalore Embassy GolfLinks, comes with over 15 years of experience, specializing in Italian cuisine. Chef Tushar’s Italian dishes are a celebration of simplicity and authenticity, using just a few high-quality ingredients to craft rich, memorable flavors. His signature Spaghetti with Aubergine and Mint, enhanced by the tang of Feta cheese, exemplifies his dedication to Italian cuisine while offering a fresh twist.

Speaking on ‘Chefs of Hilton’, Chef Prashant Kulkarni, Director of Food & Beverage Operations – Hilton South Asia highlights “We are excited to collaborate with F&B maestros across Hilton properties. A celebration of stories, flavours and shared experiences, ‘Chefs of Hilton’ is our tribute to culinary art, celebration of exceptional skills and creativity of our chefs, as well as honouring the diversity of global cuisine.”

Conrad Bengaluru is excited to bring together a dynamic group of experts, each a master of world cuisine. This exceptional team of culinary professionals will showcase their unparalleled skills and passion for food, offering a diverse array of unforgettable flavours. Their collective expertise promises to deliver an extraordinary dining experience as they present their finest creations and share their journey in a setting unlike any other.

To know more details, log on to the hotel website: www.conradbengaluru.com

Gurugram, August 29th 2024: M3M India, a leading name in luxury real estate development, and Oravel Stays, the parent company of OYO Hotels & Homes, a global hospitality technology company, have announced a landmark Memorandum of Understanding (MoU) to launch the largest SUNDAY Hotel in India. This ambitious project will feature 220 keys at M3M SkyLoft, New Golf Course Road Extension, Gurugram with approximately 1.67 lakh square feet of space, out of 15 lakh square feet.

The hotel is located near the proposed upcoming Cyber City 2 on Southern Peripheral Road (SPR) in Gurugram, making it an attractive option for business travellers and professionals working in the area as well as for those attending meetings and conferences.

This strategic location aligns with the high standards and expectations of discerning travelers seeking exceptional experiences, state-of-the-art amenities, cutting-edge design, and unparalleled services. The Hotel cum Residences offering is set to transform and redefine luxury, convenience, and quality, setting new benchmarks in the commercial real estate and hospitality sectors.

The initiative is a part of a larger partnership to develop luxurious hospitality space across 15 lakh square feet with 1000 keys across multiple destinations in Gurgaon and NOIDA.

The transaction was successfully completed with the assistance of well-known transactional advisory and consultancy firm Corevest advisory.

The Memorandum of Understanding (MoU) established between M3M India and Oravel Stays highlights a mutual dedication to the improvement of the urban environment and the delivery of exceptional services and amenities. This strategic alliance is anticipated to stimulate the local economy, generate employment opportunities, and establish new benchmarks within the commercial and hospitality industries.

The project is on the cusp of market entry, poised to attract a diverse array of stakeholders including investors, business proprietors, and tourists in search of upscale experiences in a prime locale. The development is meticulously crafted to cater to the escalating demand for superior commercial spaces and hospitality services within the vicinity.

The project’s architectural design is led by Mr. Zubin Cooper, CEO of Bentel Associates International. His renowned expertise is set to infuse the development with unparalleled sophistication and functionality, ensuring it stands out in the luxury market.

Mr. Sudeep Bhatt, President, M3M India, stated, “We are thrilled to announce the signing of this significant Memorandum of Understanding with Sunday Hotel, marking a pivotal moment for M3M India. This collaboration is a testament to our shared vision of creating unparalleled commercial spaces that redefine luxury and convenience. With this MoU, we are poised to develop 1.5 million square feet of world-class facilities that will set new benchmarks in the industry. We are confident that this partnership will bring immense value to our stakeholders and contribute to the fast growing region.”

Aditya Sharma, Business Head, Oravel Stays Private Limited added “The SUNDAY Hotel partnership with M3M India allows us to expand our footprint in the luxury segment in metro cities beginning with Gurugram which has emerged as one of the key destinations for social events, domestic tourists and long stay international guests. Our shared vision is to create a landmark property that offers the best of comfort, convenience, and sophistication”.

In the current portfolio, M3M India has 56 projects spread across retail, residential, offices, service apartments etc. All of its projects launched prior to 2019 have already been delivered and the construction is in full swing in the rest of the projects. It has an impressive land-bank of 3,000 acres across Gurugram, Noida and Panipat.

SUNDAY Hotel, a premium brand of hotels was originally launched in May 2023 through a joint venture between the Softbank Group and Oravel Stays, the parent company of OYO. The first SUNDAY hotel was launched in Jaipur followed by Vadodara and Chandigarh in India and London and Dubai in overseas markets.

Gaurav K Singh, Founder & Chairman, Womeki Group

Choosing the right plotted development project is a critical decision that requires careful consideration and thorough research. Unlike buying a ready-to-move-in property, investing in a plotted development involves several layers of decision-making, from evaluating the location to understanding the legal and financial implications. The process may seem daunting, but with a systematic approach, you can ensure that your investment is both secure and rewarding.

The first and most crucial factor to consider is the location of the plotted development. The location not only determines the immediate livability of the area but also significantly influences the long-term appreciation of your investment. It’s essential to look for plots in areas with good connectivity to major roads, public transportation, and essential amenities like schools, hospitals, and shopping centers. The proximity to workplaces and the overall growth potential of the area are also vital considerations. An emerging locality with ongoing infrastructure developments often presents better investment prospects than a fully developed but saturated area.

Understanding the reputation and track record of the developer is another essential step in choosing the right plotted development project. A reliable developer with a history of delivering quality projects on time provides a level of assurance about the project’s completion and adherence to promised specifications. It’s advisable to research the developer’s past projects, seek out reviews from previous buyers, and, if possible, visit completed developments to assess the quality of work. A reputable developer is also more likely to ensure that the project complies with all regulatory requirements, reducing the risk of legal complications.

Legal due diligence is paramount when investing in plotted developments. Ensure that the land has a clear title, free from any disputes or encumbrances. It’s essential to verify that the developer has obtained all necessary approvals from the relevant authorities, including land conversion approvals, environmental clearances, and permits for utilities like water and electricity. Engaging a legal expert to scrutinize the property documents can save you from potential legal issues in the future. Additionally, understanding the zoning regulations of the area will help you ensure that the land can be used for the intended purpose, whether residential or commercial.

The availability and quality of infrastructure within the plotted development are critical aspects that can significantly impact your living experience and the property’s future value. Look for developments that offer well-planned internal roads, proper drainage systems, and reliable water and electricity supply. The presence of green spaces, parks, and recreational facilities can enhance the quality of life and make the development more attractive to future buyers if you decide to sell. Furthermore, developments that are part of a larger, master-planned community often offer better infrastructure and amenities, contributing to a more cohesive and livable environment.

Another important consideration is the size and layout of the plot itself. Ensure that the plot is of a suitable size for your intended use and that the layout allows for efficient utilization of space. The shape and dimensions of the plot can affect the design of the home you plan to build, so it’s essential to choose a plot that aligns with your vision. It’s also wise to check the orientation of the plot, as this can influence the amount of natural light and ventilation your home will receive, as well as energy efficiency.

The financial aspect of purchasing a plotted development should not be overlooked. Besides the cost of the plot, factor in the expenses for registration, stamp duty, and any other government charges. If you plan to build immediately, estimate the construction costs and arrange for financing if needed. It’s crucial to set a realistic budget and ensure that your investment will not strain your finances. If the project offers payment plans, assess whether the terms are favorable and align with your financial situation.

Finally, consider the potential for future appreciation and the exit strategy. While you may be purchasing the plot for immediate use, it’s wise to think long-term and evaluate the potential for property value appreciation. Factors like ongoing and planned infrastructure projects, the overall development of the surrounding area, and market trends can influence the future value of your investment. Additionally, assess the ease of selling the property if needed, including market demand and any resale restrictions imposed by the developer.

By- Mr. Rizwan Sajan, Founder and Chairman, Danube Group

Dubai has emerged as an alluring destination for the Indian real estate investors due to its strategic location, competitive property prices and above all the favourable government policies. The city offers an unmatched global lifestyle with its modern infrastructure, world-class healthcare, education, and entertainment options.

For Indian investors looking to relocate, Dubai presents a vibrant and cosmopolitan environment that appeals to families and professionals alike. The city’s commitment to innovation, technology, progress and development ensures a high quality of life for residents. In the post-pandemic era, the demand for real estate in Dubai has surged manifolds. It has led to an upward trajectory in property prices and tremendous capital appreciation for investors.

The absence of property tax in Dubai further enhances the appeal of real estate investment for property buyers. The government’s policy granting a 5-year renewable Dubai permanent Golden Visa to individuals owning a property or group of properties in the UAE has made real estate in Dubai an attractive proposition.

Additionally, Danube Properties ensures a 3-4 year handover period for all its new developments, which makes a difference in the real estate market by offering timely and rewarding opportunities for investors. Moreover, its developments offer over 40 amenities that ensure an unparalleled living experience for connoisseurs of luxury and excellence. In all our projects, we provide fully furnished apartments featuring luxury-branded furniture. When comparing per square foot prices, our properties are more affordable than those in Delhi and Mumbai, offering exceptional value for high-quality living.This encouraging scenario makes Dubai an attractive option for Indian investors.

The geographical proximity to India plays a significant role in attracting Indian investors to Dubai. With frequent flights and a short travel time, Dubai is conveniently accessible, making it easier for investors to manage their properties and visit their investments regularly. This connectivity also supports the strong business and cultural ties between the UAE and India.
Meanwhile, it’s an exceptional time to invest in Dubai, especially given the recent government reforms and progressive measures.

The reduction in company registration fees by the Dubai and Abu Dhabi authorities have made it more cost-effective for new investors. The immigration policy changes, which offer long-term visas and passports to major investors, scientists, academics, and skilled professionals, have significantly enhanced investor confidence and appeal.

As a result of all these positive developments, property investments in Dubai are delivering exceptional rental returns, significantly outpacing those seen in India, and surpassing the value of other investment classes. This encouraging scenario is attracting Indian investors with NRIs deriving exceptional benefits. For the Indian expats, Dubai stands out as a premier investment destination that also guarantees high quality of life. Considering all these factors, Dubai has a unique combination of factors that make it an ideal destination for Indian Investors.

Marathon is not just about running, but it is also about humanity

Moved by the effort of the NGO, Manasa, the Indian winner of the race Srinu Bugatha announced a donation of INR 10,000 from his prize money winnings

Hyderabad, August 27, 2024: Hyderabad Runners Society took the Elite athletes who participated in the 13th edition of NDMC Hyderabad Marathon to one of its charity partners, Manasa (Manasa Institute of Child Health and Disability Studies), which promotes child health and rights, inclusion and empowerment of persons with disabilities and families.

The Indian and the Kenyan Elite athletes visited Manasa and interacted with the kids and also witnessed a few cultural performances by the differently abled children.

Kenyan marathon runners Ezekiel Kipkorir, Sheila Chelangat, Zenith Kiptu and Hamington Cherope and Indian elite runners Vipul from Delhi, Bhagirathi from Uttarakhand and Srinu Bugatha from Vizianagaram were in the team that visited the NGO.

Rajesh Vetcha, Smita Chamling, Diwakar, Gautam Pothineni, Vijigeesha and Sunder from the Hyderabad Runners Society, accompanied the elite runners. ‎

Situated in Mohan Nagar near Kothapet (Nagole), it has been working to promote and strengthen child health and disability rehabilitation services. Currently, 80 children visit the NGO daily and avail the facilities being offered by the centre. There are nearly 23 personnel who take care of these children.

Following the cultural performances, a small presentation on the NGO was made by the teachers. The athletes visited the various classrooms and activity rooms in the facility and interacted with the children. They also took a lot of pictures as well.

Moved by the effort being put in by Manasa, the Indian winner of the race Srinu Bugatha announced a donation of INR 10,000 from his prize money winnings.

Until now, Manasa has raised close to Rs 5 lakhs via various donors on the NMDC Hyderabad Marathon website. Corporates like Natco Pharma and Procter & Gamble also contributed to this endeavour. The charity donations on the website are open until 30th September.

The NGO’s treasurer, Madan Mohan Reddy Terala thanked the Hyderabad Runners, the NMDC Hyderabad Marathon and the Elite runners who visited their facility today.

Riyadh, Saudi Arabia, August 27, 2024—Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, Saudi Arabia is set to host the fourth edition of the world’s leading platform on minerals, the Future Minerals Forum (FMF), from January 14 – 16, 2025, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia.

The FMF, convened by Saudi Arabia’s Ministry of Industry and Mineral Resources, is a unique government-led platform and an inclusive multi-stakeholder conference where the world’s top decision-makers come together to drive action on tough challenges, where minerals are placed at the top of the global agenda as key to development, global prosperity, and the energy transition.

Since 2022, FMF has focused on fostering collaboration amongst minerals-producing nations, promoting sustainability initiatives to build trust, and creating a resilient supply chain of critical minerals that the world needs. Building on these successes, FMF 2025 will focus on “Delivering Impact,” the theme of the fourth edition.

The Minister of Industry and Mineral Resources, His Excellency Mr. Bandar Alkhorayef, disclosed that next year’s FMF is focused on creating and driving investment opportunities in the mining and mineral sector.

Alkhorayef stated that FMF has become a prominent global forum for all stakeholders in the mineral sector, from governments to mining companies, financial institutions, service companies, research centers, and academic institutions.

He further pointed out that the conference provides a platform to discuss the challenges facing the mining and minerals sector, with opportunities to proffer concrete solutions at the regional and international levels to tackle these challenges.

“The upcoming Ministerial Roundtable will engage participation from 100 countries. This extensive collaboration will include working groups comprising government bodies and 40 organizations, including international organizations, NGOs and trade associations. These groups will collaborate to implement the initiatives and strategies established during the last MRT, driving forward the shared goals of sustainable development and innovation in the global mineral sector,” the minister added.

FMF will kick off on January 14, 2025, with the government-led Ministerial Roundtable, and will be followed by the Conference and Exhibition (15-16 of January), where participants will be privileged to learn from experts who will take turns speaking on important topics. The conference will also feature exhibitions of the latest mineral innovations and applications.

The program this year will focus on:

• New voices on critical minerals, highlighting downstream perspectives and new regional perspectives, including the Super Region spanning Africa, Western and Central Asia, and Latin America.
• Delivering investment partnerships in supplier countries that will include the entire mineral value chain.
• Minerals’ contribution to society.
• Green technology and AI revolution.
• Country and project showcase.

While preparations are in top gear for FMF 2025, some notable figures in the mining, mineral and industrial sectors have already been confirmed to speak at the forum. They include Tom Palmer, CEO of Newmont Corporation; Jonathan Price, President and CEO of Teck Resources; Dominic Barton, Chairman of Rio Tinto; Mark Cutifani Chairman of Vale Base Metals; Robert Friedland, Founder and Co-CEO of Ivanhoe Mines; Bob Wilt, CEO of Ma’aden; Jeremy Weir, Chairman and CEO of Trafigura; and Duncan Wanblad, CEO of Anglo American among other distinguished personalities.

Since its inception in 2022, the FMF has charted many progressive initiatives, such as being a voice for the Super Region and other supplier countries. In 2023, the Ministerial Roundtable participants agreed to collaborate on four initiatives, including:

• Development of a regional critical minerals framework to promote global collaboration and maximize the creation of value in supplier countries.
• Creation of green metals hubs in the Super Region enabled by new technologies and powered by renewable energy.
• Development of a framework setting our regional expectations for the responsible production of minerals based on transparency of supply chains.
• Creation of centers of excellence in the Super Region covering Africa, Western, and Central Asia as foundational pillars for capacity building across mineral value chains.

The third edition of FMF brought together over 14,000 participants from 133 countries, including ministers, senior government officials, leaders of international organizations, and C-level executives from global mining and mineral companies. The forum also saw the signing of 75 minerals deals worth around SAR 75 billion.

For more information and registration, please visit https://www.futuremineralsforum.com.

A recent study by Backyard Oasis assessed the most populated cities across each American state by 12 important factors that directly impact family life. These factors include the Purchasing Power Index, Safety Index, Healthcare Index, Climate Index, Cost of Living Index, Property Price to Income Ratio, Traffic Commute Time Index, Pollution Index, Quality of Life Index, Uninsured Rate for Children, and the costs of Preschool and International Primary School. Each factor was weighted based on its significance to family well-being, with higher importance placed on areas like Safety and Healthcare. The data, primarily sourced from Numbeo, was then combined into a composite score, providing a clear and objective ranking of the most family-friendly cities.

St. Louis, Missouri ranks 1st with a composite score of 7.49. The city’s top position is largely due to its exceptional healthcare services, reflected in a Healthcare Index of 81.09. Additionally, St. Louis enjoys a high Quality of Life Index of 213.43, which is further supported by affordable property prices, with a Property Price to Income Ratio of just 1.67. These factors combine to make St. Louis the most attractive city for families.

Tulsa, Oklahoma ranks 2nd with a score of 7.46. Tulsa stands out for its strong healthcare infrastructure, evidenced by a Healthcare Index of 70.59, and its low Traffic Commute Time Index of 19.05, which ensures families have more time together rather than being stuck in traffic. The city’s overall quality of life is also enhanced by a manageable cost of living and a high Quality of Life Index of 223.70, making it a well-rounded option for families.

Rapid City, South Dakota comes as the 3rd most family-friendly city in the US with a score of 7.43. Known for its safe environment, Rapid City has a Safety Index of 51.97, and its Pollution Index of just 18.88 ensures a clean and healthy setting for families. The city also benefits from a favorable climate and relatively low education costs, making it a compelling choice for those looking to raise a family in a secure and supportive community.

Cincinnati, Ohio ranks 4th with a composite score of 7.41. This city excels in healthcare, with a strong Healthcare Index of 67.74, and offers robust educational infrastructure, which is key to its high ranking. The city also has a high Quality of Life Index of 213.15, supported by cultural amenities, green spaces, and a relatively affordable cost of living, making it an attractive place for families.

Madison, Wisconsin is 5th most attractive city for families on the list, achieving a score of 7.31. Madison’s high Safety Index of 66.48, coupled with an excellent Healthcare Index of 76.38, underscores its family-friendly credentials. The city’s strong educational system is complemented by a Quality of Life Index of 222.64, making it one of the most desirable cities for raising children.

Lincoln, Nebraska ranks 6th with a score of 7.29. Safety is a key factor in Lincoln’s ranking, as the city has a Safety Index of 66.23. Healthcare is another strong point, with a Healthcare Index of 77.62. Lincoln also offers the shortest commute times among the top ten cities, with a Traffic Commute Time Index of 12.22, allowing families to enjoy more leisure time together.

Tacoma, Washington is 7th with a composite score of 7.23. Tacoma provides a balanced environment with a Healthcare Index of 73.49 and a strong Climate Index of 90.88, which contributes to the city’s high ranking. The city’s low Property Price to Income Ratio of 3.48 makes it affordable for families, while its strong educational and recreational facilities add to its appeal.

Virginia Beach, Virginia ranks 8th with a score of 7.21. This city stands out for its impressive combination of safety and educational opportunities. With a Safety Index of 57.15 and a Quality of Life Index of 232.11, Virginia Beach offers one of the highest standards of living among the top-ranked cities. The city’s favorable climate and abundant outdoor activities make it a particularly attractive location for families seeking a healthy and active lifestyle.

Indianapolis, Indiana takes the 9th spot with a score of 7.18. The city’s strong Healthcare Index of 72.66, along with its affordable cost of living, make it a prime choice for families. Additionally, Indianapolis benefits from a high Quality of Life Index of 200.00, which is supported by its cultural amenities and accessible property prices, offering a well-rounded environment for family life.

Raleigh, North Carolina rounds out the top ten with a score of 7.16. Raleigh’s well-developed educational infrastructure and Healthcare Index of 66.92 play significant roles in its ranking. The city also has a high Quality of Life Index of 208.78, offering a balanced environment for families. Raleigh’s combination of high safety, quality healthcare, and excellent education options makes it an ideal city for raising children.

Andy Wu, CEO of Backyard Oasis commented on the study “Creating a nurturing environment for families is about more than just the basics—it’s about the quality of life that a city can provide. It’s fascinating to see how cities like St. Louis and Tulsa have managed to balance affordability with top-tier healthcare and strong educational systems, making them standout choices for families. Family well-being is intricately linked to the communities we choose to call home, and these cities are leading the way in providing the support families need to thrive.”

You can see the full research by the link: https://docs.google.com/spreadsheets/d/12Gt1b-gsN4ASLqxXaqLnj-9mCyt9TV_FOkLPCEDuKu0/pubhtml?gid=852265535&single=true

Tel Aviv, Israel, August 27, 2024 – OFIL Systems, creators of award-winning Daycor® cameras, has announced Gridnostic, an industry-first software for high voltage audit data to be directly analyzed and present findings such as risk visibility and prioritization discoveries. This holistic view relies on raw field data, presenting detailed diagnostics onto a Geographic Information System (GIS) platform to boost reliability, efficiency, and worker safety.

Current inspection techniques rely on visual imaging methods, which lack quantifiable data and are prone to subjective interpretation. To address this challenge and better help teams share the most up-to-date information, OFIL integrated decades of experience into a platform by partnering with Scopito to automatically analyze and contextualize findings partnering with Scopito to leverage their data-management capabilities. Transforming field data into a comprehensive visual map and severity score without altering current data collection processes means managers can understand the impact of potential failures and prioritize actions with greater confidence.

“Historically, decision-making for high and medium voltage power line inspections has relied on substantial amounts of field data that were subjectively analyzed, poorly managed, and unsuitable for long-term trend analysis,” said Giora Levi, CEO of OFIL. “Intelligently analyzing findings and prioritizing activities means stakeholders have what they need to avoid failures and disruptions.”

Utility providers can better manage operational risk with more industries investing in electrification, such as data centers, electric vehicles, and industry 4.0 adoption. Unexpected incidents can damage their reputations and cause financial losses from fines and lack of revenue. Gridnostic’s cloud-based approach focuses on providing objective insights and historical data so teams can confidently take action in less time.

Christian Christiansen, Special Emergency Preparedness and Maintenance DK2 of Energinet, who owns and operates Denmark’s transmission lines said, ”We faced challenges in analyzing and storing UV video data from our drone inspections, which are crucial for maintaining our transmission towers. Integrating OFIL’s Gridnostic enabled us to seamlessly manage and analyze this data alongside existing inspection data, ensuring precise and efficient maintenance operations.”

As Gridnostic continues to be utilized by more organizations, OFIL intends to continuously incorporate evolving data into its analysis capabilities to bolster findings. This will provide companies that utilize the technology with the most up-to-date information needed to maintain high-voltage assets, enabling long-term maintenance planning.

Chennai, Aug 27, 2024: South Asia Growth Invest backed Hero Motors, the flagship auto-components company of the Hero Motors Company (HMC) Group and one of India’s leading automotive technology companies, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 900 crore through an initial public offering (IPO).

The IPO is a mix of fresh issue of up to Rs 500 Cr and an offer for sale up to Rs 400 Cr by promoters. The OFS includes Rs 250 crore worth shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles.

The company, in consultation with the book-running lead managers, may consider a pre-IPO placement of Rs 100 crore prior to filing of the Red Herring Prospectus. If such placement is completed, the amount will be reduced from the fresh issue.

Proceeds from the fresh issue of shares will be used to the extent of Rs 202 crore for repayment or pre-payment, in full or in part, of certain of its outstanding borrowings availed by the Company, Rs 124 crore for funding capital expenditure towards purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility besides general corporate purposes.

Hero Motors is India’s leading automotive technology companies (Source: CRISIL Report) engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions provider to automotive OEMs in the United States, Europe, India, and the ASEAN region. The company’s product range includes both electric and non-electric powertrains for various vehicle categories including two-wheelers, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL.

Hero Motors operates in two segments – powertrain solutions, and alloys and metallics. It has six manufacturing facilities across India, the United Kingdom, and Thailand.

The Company has a diversified customer base including global brands such as BMW AG, Ducati Motor Holding SPA, Enviolo International Inc, Formula Motorsport, HUMMINGBIRDEV Inc, HWA AG, and leading global e-bike manufacturers.

Hero Motors is the only player manufacturing and exporting CVT hubs to global e-bike OEMs from India, and the only manufacturer of integrated electric powertrain products for e-bikes in India.

Hero Motors’ revenue from operations stood ₹1,064.4 crore in the fiscal 2024.

ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers to the issue.

DRHP LINK: https://www.bseindia.com/corporates/download/355016/1.%20DRHP%20Hero%20Motors%20Limited_23082024_20240823221948.pdf

Disclaimer: The information contained in this press release is provided by a third party and does not necessarily reflect the views or opinions of our organization. We do not endorse or guarantee its accuracy.