IDBI Intech implements its innovative Anti Money Laundering solution at Life Insurance Corporation of India (LIC)

Mumbai (India), 31^st August 2021 (TGN):IDBI Intech Ltd., the technology led business transformation organisation offering specialised solutions in the Banking, Financial Services and Insurance (BFSI) verticals has successfully implemented their iAML (Anti Money Laundering) solution at India’s insurance giant, the Life Insurance Corporation of India (LIC).

IDBI Intech is a dominant FinTech products and services organization – focusing on strategic niche digital transformations for it’s clients. 

IDBI Intech has made steady investments in the latest industry solutions for the BFSI sector, with cutting-edge technology, customer satisfaction and market demands as top priorities. The next generation technologies currently being leveraged include Blockchain, Cybersecurity, Artificial Intelligence and Machine Learning.

iAML will provide an Enterprise-Wide Single View of Risk & Compliance at transactions & customer level, harnessing Advanced Analytics, Workflow and Artificial Intelligence with a comprehensive set of pre-built rules and scenarios.

LIC Officials expressed their happiness to implement the software as it will help them upgrade their Anti Money Laundering reporting system. Acknowledging the trust and faith reposed by LIC in IDBI Intech Ltd., Mr. Surajit Roy, MD & CEO, IDBI Intech Ltd.said, “We are humbled at the opportunity to serve the nation’s oldest and most trusted insurance provider with our state-of-art Anti Money Laundering solution. It is an honour to be associated with LIC in their digital journey.”

With over 500 million policies and an overall asset base of over US$ 415 Bn (Rs. 31 trillion), LIC is one of the largest insurance companies in the world and has acknowledged  Intech’s Digital Transformation solutions by implementing its cutting edge iAML solution.

About IDBI Intech Ltd:

IDBI Intech Ltd. based in Mumbai, India is a niche Fintech products and services company specialising in business transformation in the Banking Financial Services and Insurance space. It is a part of IDBI Bank which is a leading universal commercial bank in India. 

www.idbiintech.com | @idbi_intech

LANXESS to acquire IFF’s microbial control business

 

• LANXESS to become one of the world’s largest suppliers of microbial control products
• Strengthening the specialty chemicals portfolio: expansion of the growth areas disinfection, personal care and material protection
• Acquisition with approximately USD 450 million* in sales and around USD 100 million* in EBITDA
• Attractive synergies: additional EBITDA contribution of around USD 35 million within four years
• Purchase price of around USD 1.3 billion
• Closing of transaction expected in Q2 2022
• Consumer Protection to become the Group’s strongest segment
• 
  
  
  

Cologne, August 25, 2021 (TGN) – LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021. IFF Microbial Control is one of the leading suppliers of antimicrobial active ingredients and formulations for material protection, preservatives and disinfectants. The products are used in a wide range of applications, particularly in personal care and household products, industrial water treatment as well as paints and coatings.

The transaction is still subject to approval by the relevant antitrust authorities. In addition, the business must first be carved out from the IFF Group. LANXESS therefore expects the transaction to be completed in the second quarter of 2022.

The IFF microbial control business represents sales of around USD 450 million* and EBITDA of approximately USD 100 million*. Within four years after the closing of the transaction, LANXESS expects synergies to add approximately USD 35 million (EUR 30 million**) in EBITDA. The acquisition is expected to be earnings per share accretive already in the first fiscal year after closing.

“In 2021, all signs are pointing to growth. The acquisition of IFF Microbial Control is already the fourth this year and LANXESS’ second largest ever. The business fits ideally into our strategic direction – specialty chemicals with attractive margins, applications in a wide range of industries and with a global positioning. It will make LANXESS one of the world’s largest suppliers of microbial control products. At the same time, we are enhancing Consumer Protection to become the strongest segment in the Group and are once again taking LANXESS a decisive step forward in terms of profitability and stability,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

LANXESS will pay around USD 1.3 billion (EUR 1.1 billion**) for the acquisition. “Taking into account the synergies we are aiming for, we are achieving an attractive purchase price of 9.6 times EBITDA,” said LANXESS CFO Michael Pontzen. The Group will finance the purchase price with debt capital and has secured respective bridge financing for this purpose. Pontzen: “We will replace the bridge financing agreed with our banks in the coming months by placing corporate bonds in the capital market. In doing so, maintaining our solid investment grade rating is of great importance to us.”

Perfect addition to the material protection business

IFF Microbial Control employs around 270 people and operates two production facilities at its U.S. sites in St. Charles, Louisiana, and Institute, West Virginia. The business also maintains a large partner network with active ingredient manufacturers and formulators. Following completion of the acquisition, the business is to be integrated into LANXESS’ Material Protection Products business unit.

“Also thanks to acquisitions in recent years, we are already well positioned as microbial control solutions provider. With IFF’s microbial control business, we can now expand our portfolio of active ingredients, enabling us to offer our customers additional application-oriented solutions. In addition, we are strengthening our value chain,” said Michael Schäfer, head of the Material Protection Products business unit. “The business also gives us access to new technologies and enhances our regulatory position through additional registrations.

IFF Microbial Control offers a comprehensive portfolio of innovative and sustainable solutions. The products extend the life and ensure the functionality of end products, for example in paints and coatings, personal care products, detergents and household cleaners. They also preserve water in industrial applications. Hygiene solutions from IFF Microbial Control are also used in functional textiles. They ensure that these remain germ-free for a longer time.

Share buy-back program will not be continued

With its recent acquisitions, LANXESS has created attractive growth opportunities and is now re-prioritizing its capital allocation. Against this background, the currently suspended share buy-back program will not be continued. The approximately 1.1 million shares already purchased will be cancelled.

*Normalized level, i.e. in an average year

**Based on exchange rate of EUR/USD = 1.20.

LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,800 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Forward-Looking Statements

This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person’s officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

Information for editors:

All LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com. Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com.

You can find further information concerning LANXESS chemistry in our digital magazine “Inside LANXESS” at http://inside.lanxess.com.

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भीनमाल जैन संघ द्वारा मुम्बई में संचालित हो रहे कोविड़ सेन्टरों को अच्छा प्रतिसाद

 

कोविड़ सेन्टरों से ठीक होने वाले मरीज अपने आपको रोक नहीं पा रहे है कृतज्ञता से।

मुम्बई (TGN/ संवाददाता ) – 

भीनमाल जैन संघ द्वारा मुम्बई में हिन्दू जिम खाना, भायन्दर व अन्य स्थानों पर चलाये जा रहे कोविड़ सेन्टरों की व्यवस्था इतनी हाईटेक है कि यहां भर्ती होने वाले लोगों को किसी स्टार होस्पीटल या होटल जैसा अनुभव होता है। जिससे उसकी आधी बीमारी तो वैसे ही दूर हो जाती है। यह सब संभव हुआ है, संघ के महासचिव मुकेश वर्धन और उनकी टीम के प्रयासों एवं प्रत्येक तथ्यों की ओर निजी निगरानी के कारण।

इन कोविड़ सेन्टरों पर अभी तक सैकड़ों मरीज ठीक होकर जा चुके है। गंभीर रोगी भी कई ठीक होकर गये है। चिकित्सक की निगरानी हो या खाने पीने की सुविधाएं और तमाम व्यवस्थाएं इतनी उच्च गुणवत्ता वाली और हाईटेक कर रखी है कि कोई भी कोविड़ सेन्टर से इनकी तुलना नहीं की जा सकती। रोगियों को रोजाना इम्यूनिटी बढ़ाने वाली ड्राई फु्रट, फ्रुट, काढे व भोजन अर्थात सब कुछ उच्च गुणवत्ता वाला दिया जा रहा है। इन सेन्टरों पर स्टाफ भी इतना मधुर व्यवहार और आत्मीयता वाला लगा रखा है कि मरीज को वहां सुकुन महसूस होता है। कई रोगियों ने अपने अनुभव बताते हुए कहा कि हम इतनी गंभीर स्थिति में यहां भर्ती हुए थे कि हमें आशा ही नहीं थी कि वापस घर जा पायेगें लेकिन यहां के डॉक्टरों के इलाज, भोजन और स्टाफ के आत्मीयता भरे व्यवहार से हमनें कोराना से जंग जीती है।

ज्ञात रहे कि भीनमाल जैन संघ के अध्यक्ष भंवर कोठारी व महासचिव मुकेश वर्धन के प्रयासों से गाँवो में भी कोराना की इस दूसरी लहर में व्यापक रूप से सहायता की गई है। भीनमाल के राजकीय चिकित्सालय में चल रहे कोविड़ सेन्टर को ऑक्सीजन सिलेण्डर, कस्ंट्रेटर मशीनें आदि उपलब्ध करवाने और जिले में सायला, जसवंतपुरा, रानीवाड़ा सहित कई स्थानों पर भामाशाहों का सहयोग लेकर कोविड़ सेन्टर संचालित किये जा रहे है।

SENSEX TO TEST A NEW PEAK THIS WEEK

MUMBAI, 23 MAY, 2021 (TGN): 30 year old Money Times weekly, which had forecast on 7th November that the Sensex will touch 50,000 twelve days ahead of Morgan Stanley and ten days before BNP Paribas echoing the same, made another significant forecast in a dull market last week ‘Expect an Explosive Move’, which turned out 100% accurate as the sensex gained 1807 points.

Now in the latest issue of 24th May released on Saturday, 22nd May, Money Times has forecast ‘Market to test peak with volatility’, which it expects to happen sooner than later this week.

Stock market analysts and player’s will welcome this million dollar forecast from the Timely, Topical and Trusted Money Times. Ends

Indians come forward to talk about the #BestMemories2020

 

MUMBAI, 11 MAY, 2021 (TGN): Memories are the most intrinsic part of our lives. It is something that makes us stronger- and gives us the strength to move on. It defines who we are and creates a foundation for something more significant for us. Last year was full of challenges, yet amidst all the chaos, people showed relentless spirit. Taking this ahead, influencers, and people on networking platforms like Facebook, Instagram, Quora etc., came forward and spoke about their best memories of 2020. Not just this, even Kingston Technology, a world leader of memory products and technology solutions, kickstarted a contest around the theme #BestMemories2020. The company urged its users to come up with stories that helped bring a smile to their faces in 2020. Users across India elaborated on their memories, which made them smile and gave them the strength to move ahead and get through the unprecedented times.

Influencers like Sahil Gera, Masoon Garg, Harshit Arora, Ashwini Dixit, Divya Boppanna, Rajeev Rana, Anmol Trehan, etc also joined the trend and invited their followers to talk about their #BestMemories2020. The themes highlighted during the conversations across social media platforms were around how people kept themselves motivated during work from home, spent more time with friends and families, celebrated birthdays virtually, conducted virtual dates, and more. Apart from these themes, people even encapsulated how they spent their time constructively last year by learning newer things, helping people in need during the pandemic, and more.

The entire campaign #BestMemories2020 has generated a positive impact among the people in the testing times. It has motivated people to reminisce their best memories despite all odds. Ends

Kingston sets to inspire people with the power of memories and its new ‘‘Kingston Is With You’’ campaign

Campaign kicks off with the premiere of brand-new micro-film, Memories Empower, limited-edition giftbox and “7-Day Memory Challenge” to invite Kingston users to relive their most precious memories 

May 11, 2021, Mumbai (GPN): Accelerating the vision of preserving memories with its memory and storage products, Kingston Technology, a world leader of memory products and technology solutions, today announced its “Kingston Is With You” campaign. With the new brand positioning message, “Kingston Is With You,” Kingston aims to bring alive the invincible impact of memories in our lives and emphasizes that memories not only exist in the past, but can also be the driving force that motivates one to move forward in life.

A series of “Kingston Is With You” themed online and offline activities begin today, kicking off with the premiere of the micro-film, Memories Empower, which unveils a self-recovery journey through memories. In addition, Kingston specially designed a limited-edition gift box that connects memories with the five senses. The gift box comes with “7-Day Memory Challenge” cards, assigning 7 mini-tasks to recipients, helping them relive their most precious moments and provide a chance to win heartwarming gifts. Retail channels will also run promotional activities for customers to preserve their meaningful moments and experience the strength in memory with Kingston’s products.

Now Capture, Create and Connect with the new Kingston Workflow Station

India – March 17, 2021 (TGN)– Taking a leap ahead in its credo of empowering users to manage and store data, Kingston Technology, a world leader of memory products and technology solutions, today announced the launch Kingston’s Workflow Station and Readers in India. Targeting the new age content creators and photographers, Kingston’s Workflow Station and Readers give users the freedom to create and customize a file offload setup that fits their needs allowing them to transfer video, photos, and audio from multiple sources at once really fast. 

The new Kingston Workflow Station and Readers provide a flexible system to transfer video, photos, and audio from multiple sources at once. It supports USB 3.2 speeds which get you to your post-production process faster than ever. Now instead of wasting your valuable time just transmitting files, you can use it for creating compelling content. You can go from recording to post-production within a short time with the new Workflow Station. It enables you to expedite your post-production workflow and create a file offload setup that fits your needs.

The Workflow Station Dock is customizable so you can use only the USB miniHub, SD readers, or microSD readers that your shoot requires. Whether you’re on a 4K/8K multi-cam shoot with portable audio recorders for each host, or filming B-Roll with drones and GoPros, you can connect up to four readers for eight memory cards to the dock simultaneously and transfer footage quickly. For added flexibility, the card readers can be used on-the-go. When you need to shoot on location simply drop the hub or readers you need into your bag and connect them to your laptop using the included USB-C®¹ cable.

Commenting on the launch, Mr. Tejashwar Singh, India Sales Head, Kingston Technology said “Content creators and photographers today are always on the move; hence their pertinent need is to have faster and flexible ways to capture, manage and preserve their data.  In tune with this requirement, we at Kingston, have always endeavored to come up with products which are compact, portable, faster and provides an unparalleled experience. Our new Kingston Workflow Station products come with incredible USB 3.2 speeds, which together with Kingston’s high-performance memory cards and USB flash drives get the new age content creators through the post-production process faster than ever. So, whether shooting on location or working back at your desk- ‘Kingston Is With You’.”

• Offload Files Quicker — Now transfer video, photos, and audio from multiple sources with a single click at a lightning speed. If you are a content creator or a wedding photographer, now transferring videos and photos is simpler than you ever thought. Supporting UHS-II microSD cards, backward-compatible with UHS-I microSD cards, it is perfect to build your best setup.

• Flexible Workflow System — Whether you are a professional photographer or an adventure seeker using your GoPro, you can use only the hub and readers that fit your setup. It comes with four hubs providing you with the power to choose the setup which is perfect for your requirements

• Portable Versatility — The compact and lightweight design adds up to the flexibility, and you can use the card readers on-the-go via their included USB-C® cables. Now you don’t need to bother about carrying the bulky devices to transfer your data instantaneously on the move. For shooting on the location, simply carry the hub or readers you need and connect them to your laptop using the included USB-C® cable.

• Incredible Performance — For those of you, who are looking for much faster post-production and editing, the new Kingston Workflow Station products support USB 3.2 Gen 2 speeds which get you to editing quicker than you ever could imagine.

The new Kingston Workflow Station is now available on TataCliq and Amazon.in at compelling discounts.

Product	MRP	Launch Price
Kingston Workflow Station USB 3.2 Gen 2/USB 3.2 Gen 1 Dock & Mini Hub	INR 25,000/-	INR 12,800/- – 13,600/-
Kingston Workflow SD USB 3.2 Gen 1 Card Reader	INR 6,800/-	INR 3,300/- – 3,600/-
Kingston Workflow microSD USB 3.2 Gen 1 Card Reader	INR 6,800/-	INR 3,300/- – 3,600/-

For more information visit kingston.com.