Wardwizard Innovation inaugurates electric two-wheelers' plant; to generate 6,000 jobs - The Daily Guardian
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Wardwizard Innovation inaugurates electric two-wheelers’ plant; to generate 6,000 jobs

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Mumbai (Maharashtra) [India], January 29 (ANI/NewsVoir): Wardwizard Innovations & Mobility Ltd. – one of the leading companies in the EV segment which owns brand including Joy e-bike and Vyom Innovation has inaugurated a new state-of-the-art facility at Vadodara, Gujarat for manufacturing electric two-wheelers.
Company has invested around Rs 45 crore in the new plant with a capacity to manufacture over 1 lakh electric two-wheelers per year in the first phase in one shift. Company has also launched 4 new models of high performance electric bikes – Beast, Thunderbolt, Hurricane and Skyline.
The new plant is estimated to generate around 6,000 direct and indirect employment opportunities.
* The new plant has the capacity to manufacture over 1 lakh electric two wheelers in a single shift; Plant is equipped to produce 3-4 lakh units per year in full capacity
* Launches 4 new models of super bikes – Beast, Thunderbolt, Hurricane and Skyline
* Electric two-wheeler segment can grow to Rs. 12,000 crore market by 2024-25; With right macroeconomic environment the penetration can increase to 16 per cent
* In next 3-4 years, Company has set a revenue target of Rs. 500 – 600 crore; To Launch three wheeler in EV segment; Eying exports to Europe, Africa, Middle East
Virtual inauguration ceremony of the new plant was conducted by Shri Amit Shah, Hon’ble Minister for Home Affairs, Government of India on January 28. The inaugural function was also attended by Ranjanben Bhatt, Member of Parliament, Vadodara and Rajendra Trivedi, Speaker, Gujarat State Legislative Assembly.
“Inspired by the clarion call of Atmanirbhar Bharat and Make in India by our PM Shri Narendra Modi, we at Wardwizard Group are happy to complete the expansion in such a short time. I am both humbled and honoured to share this big step with Shri Amit Shah Ji who has been kind enough to grace us with his support and encouragement. We intend to manufacture all the parts & components of the electric bikes right from the chassis to batteries. With the growing demand for electric bikes, we expect to grab 25 per cent market share of the overall EV two-wheeler segment by the year 2025,” said Yatin Gupte, Chairman and Managing Director, Wardwizard Group, speaking on this occasion.
Under its brand Joy e-bike, company also launched four new models of high performance electric bikes – Beast, Thunderbolt, Hurricane and Skyline which are equipped with exceptional speed, power and pick-up features With this company’s EV product portfolio of e-bikes, e-scooter is increased to 10 plus models, which is largest in the industry.
“The new facility has the capacity to manufacture over 1 lakh units of electric bikes per year in the first phase which can be gradually expanded to 3-4 lakh units per year with 2-3 shifts. In addition to domestic market, company look to export its electric bikes in Africa, Middle East and Europe. Company is also open to collaborate with other electric vehicle brands to offer its manufacturing facilities. In the next 3-4 years company has set a revenue target of Rs. 500-600 crore and will also be launching electric three-wheeler,” said Gupte.
India sold 1,56,000 electric vehicles in FY 2019-20, out of which 1,52,000 were 2 wheelers. The current COVID-19 situation is expected to accelerate the rate of adoption of EVs in the medium term as customers look for environment-friendly and cost-effective personal mobility solutions.
According to report of Avendus Capital, market for electric two-wheeler segment could grow to Rs. 12,000 crore by 2024-25. It expects 9 per cent penetration of electric two-wheeler by 2024-25, which with right macroeconomic environment has the potential to even grow to 16 per cent.
Synonymous with innovation, quality, design and technology Wardwizard Group has created a strong brand identity through its product. The company looks to grow from strength to strength by consistently introducing innovative products in the market. Company has a strong presence in domestic market with 800 plus dealers which is expected to increase to over 2,500 in the next 2-3 years.
Wardwizard Innovations & Mobility Ltd. is one of the leading companies in the Electric Vehicle segment which owns brand including Joy e-bike and Vyom Innovation. Wardwizard is the 1st listed entity which is listed on BSE with core business engagement in Electric Vehicle Industry. It is focused on the growing potential in the India’s EV segment with a philosophy to provide clean and greener alternatives to our current ways of life.
Through Joy E-Bikes, the company has been providing a greener alternative to traditional fuel-driven bikes. On the other hand, through Vyom Innovations, the focus is to provide consumers with lesser power-consuming home appliances that are also centered towards the betterment of their health. Being present in 25 plus major cities and expanding day-by-day, Wardwizard Group is the only electric vehicle manufacturing company in India with 10 plus vehicle models.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Petroleum Minister explains why North-eastern states important for oil, gas sector

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Dibrugarh (Assam) [India], February 24 (ANI): Petroleum, Natural Gas and Steel Minister Dharmendra Pradhan on Wednesday explained why the North-eastern Region (NER) which includes Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim are important for oil and gas sector of the country.
He also explained why the Modi government is spending Rs 1.30 lakh crore in NER, under the Hydrocarbon Vision 2030.
In an exclusive interview with ANI, Pradhan said that the first oil deposits in the country were discovered near the town of Digboi and Duliajan areas of Assam and around 18 per cent of the country’s oil resources are located in the northeast east region (NER).
“Assam, Arunachal, Nagaland, Mizoram, Tripura are the areas which are full of oil and gas fields. When the Modi government came in power in 2014 we decided to create an infrastructure of the crude pipeline, gas pipeline, increase our exploration, refining and gas production capacity,” he said.
Furthermore, the minister also lauded several projects worth over Rs 34,000 crores launched by Prime Minister Narendra Modi in Assam on February 22. He said that these projects will increase regional job opportunity and revenue.
Mentioning that oil and gas plays a major role in the development of the NER, Pradhan said that 95 per cent of people have switched to LPG connectivity after India highlighted the harmful effects of burning woods to produce cooking fuel, for which India was globally hailed.
“The government also strategised on ways to make a quantum jump in domestic oil and gas production, reducing import bills, infrastructure investment and in tapping new technologies in E&P to catalyse growth in the north-east region for creating a sustainable and secure energy future,” he said.
Amar Nath, Joint Secretary, Ministry of Petroleum and Natural gas said: “Our Minister took a review meeting on the progress of the North-Eastern vision document which was prepared in 2016.”
“The few main items or pillars which were reviewed at the meeting were the supply of LPG to all households. The LPG connection was about 40 per cent in 2016 and now it has reached more than 95 per cent. Now, it has been decided that it should reach 100 per cent to all the households in the North-East,” he said.
Nath said that the second issue which was discussed in the review meeting was the availability of petroleum products, petrol and CNG to all areas.
“In the meeting, it was decided that availability must be expedited and implemented, and bring whatever infrastructure is required for that. North- East has tremendous potential for production, and it contributes substantially to the growth of domestic production in the country. So it was decided that we should aim for an ambitious and quantum jump in production,” he said.
He informed that it was also decided to fast track the ongoing projects before the deadline.
“It was noticed during the meeting that some of the projects require coordination, either with the state governments or with the various agencies of the central government. So it was decided that projects which will be completed in 2024, must be expedited and should be completed within 2023 itself,” he said. (ANI)

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Mirae Asset launches Mirae Asset Corporate Bond Fund

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Mumbai (Maharashtra) [India], February 24 (ANI/BusinessWire India): Mirae Asset Investment Managers India, one of the fastest-growing fund houses in the country today announced the launch of ‘Mirae Asset Corporate Bond Fund’, an open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
The NFO will open for subscription on February 24, 2021, and will close on March 9, 2021. The fund will be benchmarked with the Nifty Corporate Bond Index and will be managed by Mahendra Jajoo, CIO – Fixed Income.
Key features:
* Fund will predominantly invest in orporate Bonds rated AA+ and above, with some exposure to Government Securities and T-Bills
* The fund will investment across the yield curve but target Modified Duration will be within the range of two-five years based on interest rate outlook
* The fund will follow active portfolio management based on a flexible interest rate strategy.
* Fund does not prefer investing in lower-rated papers (AA and below) and perpetual bonds at the moment and the focus will be to create a high-quality portfolio based on our credit assessment process
* This category has the potential for better risk-adjusted returns compared to other debt fund categories and traditional fixed income instruments. Also, debt funds benefit from taxation benefits if the holding period is more than three years
“In the present environment, investors are looking for both returns and liquidity in their portfolios. Mirae Asset Corporate Bond Fund aims to generate income with moderate risk while remaining focused on high quality and liquidity. Since investments will be incorporate papers, the focus will be on our risk management process.
Mirae Asset due to its strong credit process was not exposed to most stressed asset cases, and endeavour will be to provide a stable investment experience to our investors. This fund is suitable for investors looking for an investment horizon of over three years and we believe investors can look at SIP way of investments in this fund,” said Swarup Mohanty, CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.
“The AAA bond yield curve has steepened during the year. Credit spreads are tightening and current yields present attractive investment opportunities in the AAA bond segment. The short term average yields are above their long term average. This indicates that spreads are still attractive to take advantage of.
The benefit of improving rating prospects for high-quality corporates in an improving economy and likely widening of spreads with higher credit pick up in coming months may provide investors with a good entry point to invest in Corporate Bond Funds with a three-year time horizon” said Mahendra Jajoo, CIO – Fixed Income, Mirae Asset Investment Managers (India) Pvt. Ltd.
The minimum initial investment in the scheme will be Rs 5,000/- and in multiples of Rs 1/- thereafter. There is no exit load in the fund.
For more information on the product, product labelling and risk-o-meter, Visit Website
Source: Internal
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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Share India Securities Ltd. approves dividend distribution policy

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Mumbai (Maharashtra) [India], February 24 (ANI/NewsVoir): BSE and NSE listed, Share India Securities Ltd., a tech-based financial conglomerate which specializes in latency based trading platform, has approved dividend distribution policy from FY21 onwards.
As per policy SISL will make regular payment of at least 12 per cent of lower standalone/consolidated profit after tax (PAT).
Share India also acknowledges the role of minority shareholders in its growth and has made regular dividend as a token of gratitude and mechanism of wealth sharing. SISL paid a dividend of INR 0.5 (FV: INR 10) in FY20 and has paid INR 1.5 (FV: INR 10) to date in FY21.
SISL wishes to imbibe practices of regular wealth sharing with stakeholder’s and keep that in mind its Board of Directors has approved dividend distribution policy from FY21 onwards. As per policy SISL will make regular payment of at least 12 per cent of lower standalone/consolidated profit after tax (PAT).
Share India currently constitutes ~2 per cent market share in the cash segment and ~5 per cent market share in F&O segment. Share India is able to maintain its market share in one of the fastest-growing derivative markets globally due to the continuous focus on technology, innovation and R&D.
Share India brought it’s IPO in September 2017 and has since grown multifold with help of efficient utilization of resources. Share India topline has grown at a CAGR of 50 per cent over FY15-F20. Share India’s EPS has also shown a similar CAGR.
Share India has expanded its horizon and ventured into NBFC and insurance broking. SISL’s NBFC arm currently has 10 branches and plans to expand its operations into 40 cities by FY24. Share India also offers MF distribution and merchant banking services.
Share India has constantly endeavoured to maintain the highest degree of corporate governance and has installed a capable professional team for each of its divisions.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Levi’s® announces Deepika Padukone as global brand ambassador

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Mumbai (Maharashtra) [India], February 24 (ANI/BusinessWire India): For over 85 years, Levi’s has been obsessed with making the perfect pair of jeans for women. The brand that invented the original blue jean in 1873, the iconic 501 and the first-ever blue jean for women in 1934 has constantly revolutionized women’s fashion forever and continues its journey.
Today, the brand is as relevant as ever across the world, constantly asserting its authority on style by introducing a new range of fashion fits.
With the keen objective to attract new generations of women consumers with a relevant fashion-forward offering in line with the brand DNA of quality and comfort; Levi’s is taking the next step in its journey.
Levi’s is proud to announce a strategic partnership with internationally acclaimed actor and global fashion and youth icon, Deepika Padukone.
Padukone will be seen spearheading the new campaign focused on an all-new range of fashion fits from Levi’s.
Commenting on the association, Deepika Padukone said: “Authenticity, Originality and Honesty are values that the brand has been built on and are values I identify with the most! For those unaware, I have always been jeans and t-shirt kind of girl. The right pair of jeans not only make me feel comfortable but also confident!
I am absolutely honoured and delighted to be associating with one of the world’s most iconic brands-Levi’s.”
On having Padukone on board as ‘Global Brand Ambassador’ Sanjeev Mohanty, Managing Director- South Asia & MENA – Levi’s commented: “We are absolutely thrilled, Deepika’s personality shines through a balance of being bold, authentic, true and uncompromising that perfectly fits with our brand values.
She is not only a style icon but also an inspiration to the youth and women globally. With her on-board, we are confident of strengthening the brand further especially when we are strongly focusing on leading the women’s category.”
For Levi’s, this year will be about statement-making shapes like high-rises, on-trend loose fits, and the runway returning wide-leg bottoms. Fans of Levi’s will now have more reasons to buy with its new for the moment range of fashion fits with its new High loose range of fits, while it’s Bootcut and Mile-high fits our favourite’s among consumers.
Featuring our Waterless Technology that saves up to 96 percent of water used in the finishing process with more than 20 different manufacturing techniques that have so far saved more than 3 billion litres of water and recycled another 5 billion. This range will also see the introduction of TencelTM. TencelTM is a highly sustainable and extremely soft fabric made from recycled wood pulp and wood from sustainably managed eucalyptus and spruce forests.
The new range of Levi’s women’s fits is sure to make a style statement with sustainability at the forefront.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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Medtronic launches TYRX Envelope in India: Innovative solution to stabilise, help reduce infections associated with cardiac implants

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Mumbai (Maharashtra) [India], February 24 (ANI/BusinessWire India): India Medtronic Private Limited, a wholly-owned subsidiary of Medtronic plc, today announced the launch of the TYRX™ Absorbable Antibacterial Envelope (TYRX Envelope) – an absorbable, single-use, antibacterial envelope designed to stabilize a cardiac implantable electronic device (CIED) or implanted neurostimulator while releasing antimicrobial agents over a minimum of seven days.
Constructed from a multifilament, knitted absorbable mesh, the TYRX Envelope holds the CIED device and is fully absorbed by the body approximately nine weeks after implantation. It can be used with any implantable defibrillator, pacemaker, or neurostimulator.
Annually in India, 50,000 people with heart conditions receive a CIED, such as a pacemaker or implantable cardioverter-defibrillator (ICD), to help manage abnormal heart rhythms. As with any surgical procedure, there is a risk for infection due to bacteria being introduced at the time of implantation. The current standard of care for CIED infection treatment includes complete system removal/replacement and prolonged antibiotic therapy.
“We strive to offer products and services of the highest quality that deliver clinical and economic value to patients and physicians. TYRX is one such value-based offering aimed at lowering infection risk and reducing readmission rates with the long-term goal of creating better outcomes,” said Abhishek Bhargava, director, Cardiac Rhythm Management, Cardiac Ablation & Diagnostics at Medtronic India. “Medtronic’s vision remains anchored on introducing innovations that continue to alleviate pain, restore health and extend life.”
CIED infections occur in 1-4 per cent of all CIED patients and are associated with substantially increased morbidity, mortality, and cost. Results from the landmark Worldwide Randomized Antibiotic Envelope Infection Prevention Trial (WRAP-IT)1 demonstrated the TYRX Envelope reduced the risk of major infection by 40 per cent in patients with CIEDs, and reduced pocket infections by 61 per cent when used as adjunctive therapy in addition to standard-of-care infection prevention strategies for patients at higher risk of infection. Further, it did not increase the risk of procedure-related or system-related complications through 12 months. The study enrolled approximately 7,000 patients, from 181 centres in 25 countries in Asia, Europe, North America, and South America.
The study population included patients receiving an initial cardiac resynchronization therapy defibrillator (CRT-D); and patients receiving a replacement, system revision or generator upgrade of an existing pacemaker, cardiac resynchronization therapy-pacemaker (CRT-P), implantable cardioverter-defibrillator (ICD) or CRT-D. Patients with diabetes, previous history of infection, renal failure, and/or congestive heart failure also are at higher risk for CIED infections.
The TYRX Envelope was cleared by the FDA in 2013 and received CE Mark in 2014.
In 2019, the European Heart Rhythm Association (EHRA) issued an international consensus document on how to prevent, diagnose and treat CIED infections. The TYRX Envelope is recommended for the WRAP-IT study population and patients with other high-risk factors as outlined in the document.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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Diamond in the rough- Twinkle Pawar

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New Delhi [India], February 24 (ANI/ThePRTree): Women, today, are seen excelling in almost every area. Time has changed and so have the gender-roles. From stepping out of their comfort zones to handling any and every sort of job, today’s women are high-flier achievers.
One of such superwomen is none other than the Celebrity Fashion Designer, actress, fitness enthusiast, influencer and model, Twinkle Pawar.
Born in Mumbai- The City of dreams, Twinkle was brought up in a Maharashtrian household with a strong army background. Her grandfather was an Indian Army Colonel, Late. Sukhdev Balwant Pawar.
Being from a defence background, it was not easy to make a mark in the Film Industry and she had to struggle a lot. Her initial life was tough as she lost her father when she was a kid. Since childhood, she has had a keen interest in acting, modelling and dancing. She used to participate in many dance competitions and won many prizes.
One such remarkable performance was during her school days when she played the role of “Rani of Jhansi” for which she was applauded by none other than actress Nishigandha Wad and this made Twinkle Pawar an overnight star in her school.
After completing her studies in Microbiology, Twinkle Pawar thought to give a chance in acting but she went into fashion designing after getting a chance to work with Celebrity Fashion Designer for a film based on kids. From there, her journey started and she assisted a celebrity fashion designer for a few projects and then launched her own clothing brand “Twinkle Pawar Exclusive”.
During the show, The stars walk – “Be with Beti” -by Anu Ranjan – ITA PRESIDENT, where Twinkle Pawar was assisting celebrity fashion designer, she was appreciated by Vikas Gupta, a known face in the fashion world, for her looks and fashion sense.
Soon after getting lots of compliments, she did her photoshoot with known photographer Arbaaz Khan making a new sensation in the fashion world.
Twinkle Pawar has paid tribute to martyred and Corona Warriors, through a patriotic album that was released on this independence day. This song is an inspiration for Covid-19 warriors and for the people who laid their lives in serving the nation. She has got many compliments on her eyes and she dreams to work for top brands like Lakme and many others.
Apart from that, she is a fitness freak and does her workout regularly and is staying healthy and fit during this pandemic. Currently, along with acting and modelling, she is designing outfits for celebrities and has many projects lined up.
Twinkle Pawar has many upcoming projects including Web Series, Album Songs and Movies with Zone Marathi, founded by Harish Hire. Twinkle Pawar also has many upcoming Runway Fashion shows in Mumbai as well as in the United Arab Emirates.
This story is provided by ThePRTree. ANI will not be responsible in any way for the content of this article. (ANI/ThePRTree)

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