Honda 2Wheelers achieves a new high in

 Honda 2Wheelers achieves a new high in exports business

Expands to European market with SP125 CKD kits

Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) announced the exports of its next generation 125cc, advanced & stylish motorcycle - SP125 to Europe. The motorcycle is exported via the CKD route.

 

Speaking on this achievement Mr. Atsushi Ogata, Managing Director, President & CEO, Honda Motorcycle & Scooter India Pvt. Ltd. said, “The transition from BSIV to BSVI was a challenging phase for Indian automobile industry. Honda 2Wheelers India converted this challenge into opportunity to export to advanced countries and have started exporting CKD kits of our 125cc Motorcycle SP125 to Europe. This is a testimony of our superior quality and technology as well as commitment to expand our global footprint. We are looking forward to expand to many new markets in future.”

 

Consignments carrying over 2000 CKD kits of its next generation 125 cc Motorcycle - SP125 to Europe have been dispatched since August 2020.

 

Its noteworthy that SP125 was the first BSVI motorcycle launched by Honda in India last year (November 2019). Powered by 19 new patent applications, the brand new SP125 BSVI has a completely new 125cc HET engine with eSP technology that delivers 16% more mileage and packs in punch with as many as 9 segment first technology & features in SP125 (full digital meter, distance to empty, average fuel efficiency, real-time fuel efficiency, LED DC headlamp, Engine Start/Stop switch, Integrated headlamp beam/Passing switch, Eco Indicator, Gear Position Indicator).

 

SP125 BSVI is currently being manufactured at Honda 2Wheelers, Tapukara Plant in Rajasthan.

 

Exporting Around the World

Honda 2Wheelers India started exports from India in 2001 with its debut model Activa.

Currently, Honda delights over 25 lac customers with its export portfolio of 18 two-wheeler models in 25 diverse export markets led by Asia, Middle East and Latin America.

SBI becomes the first corporate partner of

 SBI becomes the first corporate partner of edX
from India to offer Massive Open Online Courses

 

• SBI to offer its Massive Open Online Courses (MOOCs) on the edX platform
• Learners can pursue Unleashing Creativity at the Workplace, Relationship Marketing Strategy for Financial Services, and  Conflict Resolution courses on the platform
• The enrollment of these courses with a duration of 4-6 weeks is now open

 

In an aim to develop skill sets of career-oriented individuals in this fast-paced competitive world, the country’s largest lender State Bank of India (SBI) enters into a strategic partnership with trusted global non-profit education platform - edX. As part of this association, SBI will be offering its Massive Open Online Courses (MOOCs) on the edX platform from November 2020 onwards.

 

Initially, the bank will be offering three courses - Unleashing Creativity at the Workplace, Relationship Marketing Strategy for Financial Services, and  Conflict Resolution. The duration of these courses would be for four to six weeks, with an expected spend of two to three hours per week on a course. Interested learners need no specific academic qualifications to apply for the same.  The enrollment of these courses is now open.

 

The bank’s collaboration with edX is aimed at facilitating learners with expanding perspectives and access to knowledge beyond the classrooms. These courses have been curated and designed by practicing bankers possessing rich experience and excellent academic credentials. Career-oriented individuals across the globe may find these courses advantageous for them to gather versatile learnings to add value to their careers.

 

Mr. Dinesh Khara, Chairman, State Bank of India, said, “It gives me immense pleasure to announce SBI’s partnership with edX which is one of the biggest MOOCs platforms. MOOCs are fast gaining popularity among students and working professionals as they offer an opportunity for any time, anywhere learning. I am confident that this collaboration will benefit millions of learners, career-oriented individuals, and organizations across the globe.”

 

Mr. Anant Agarwal, CEO of edX and Professor at MIT, said: “SBI has been using edX for Business as part of their workforce development initiatives, which has been very successful with employees since first implemented. We’re thrilled to expand our work together and welcome them as our first corporate partner from India on edX, with the launch of their first courses in strategy, creativity and marketing that are relevant for professionals and organizations everywhere.”

Versatile comedian Chinni Jayanth engages in a

Versatile comedian Chinni Jayanth engages in a light-hearted conversation with Gurudev Sri Sri Ravishankar in this week's Sinthanaigal Simplified

~ Tune in to COLORS Tamil on November 1st, Sunday at 11 a.m. to watch this entertaining conversation unravel ~

 COLORS Tamil’s popular show Sinthanaigal Simplified has a special guest this week. Get set for a very light-hearted yet meaningful conversation with noted comedian Chinni Jayanth and Gurudev Sri Sri Ravishankar this Sunday, November 1st at 11 a.m.

Here are three reasons not to miss this amazing episode:

Relationships in today’s age: Taking you on a trip down memory lane, Chinni Jayanth kickstarts the conversation with his trademark mimicry of Thiru Muruga Kirupanandha Variyar. Even as Gurudev seems amused, Chinni Jayanth quizzes him on the evolving dynamics among young couples in this modern world, where relationships sometimes seem to be temporary. Gurudev offers him a fascinating perspective on this, and goes on to dwell on the importance of right guidance for youngsters.

The pursuit of Happiness: The episode then traverses through various uncharted conversations on life, peace and happiness. As Chinni Jayanth poses an interesting question on attaining a constant state of happiness in life, Gurudev shares interesting anecdotes and explains that one can achieve that by being the cause of happiness to everyone.

Spirituality vs Religious:  The conversation moves to a higher plane as Chinni Jayanth seeks Gurudev's guidance on distinguishing spirituality and religious ideologies in life. With Gurudev talking about years of learning and unlearning, you can expect to have fun while absorbing these interesting perspectives.

Don’t forget to set reminders and to tune in to COLORS Tamil on Sunday, November 1, 2020, to watch Sinthanaigal Simplified with Gurudev.

COLORS Tamil is available on all leading cable networks and on all DTH platforms - Sun Direct (CH NO 128), Tata Sky (CHN NO 1515), Airtel (CHN NO 763), Dish TV (CHN NO 1808) and Videocon D2H (CHN NO 553).

Piramal Enterprises Limited Announces

 Piramal Enterprises Limited Announces Consolidated Results
for Q2 & H1 FY2021

 

- Resilient Performance despite a Challenging Business Environment Globally

- Net profit increased by 14% YoY to INR 628 Cr for Q2 FY21 and by 12% YoY to INR 1,124 Cr for H1 FY21

- Strengthened Balance Sheet and improved Liquidity position:

§  Raised Long-Term Borrowings of ~INR 11,500 Cr. during H1 FY2021

§  Received Growth Capital of INR 3,523.40 Cr. from The Carlyle Group in Piramal Pharma

 Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302, 912460) today announced its consolidated results for the Second Quarter (Q2) and Half Year (H1) ended September 30, 2020.

 

Consolidated Financial Highlights

§  Balance Sheet: -          Shareholders’ Equity increased by 28% to INR 34,739 Cr.* since Mar 19 -          39% reduction in Net Debt by nearly INR 22,000 Cr.* since Mar 2019 -          Net Debt-to-Equity of below 1x times* at entity-level *Post Pharma deal closed in October 2020   §  Inflows / Borrowings: -          Total inflows of ~INR 42,800 Cr. since April 2019, through equity and borrowing transactions ·         Raised long-term borrowings of ~INR 11,500 Cr. during H1 FY2021 -          Reduction in CPs to INR 2,100 Cr. as of Sep 2020 from INR 18,017 Cr. as of Sep 2018   §  P&L: -          Revenue for Q2 FY21 increased by 1% YoY to INR 3,302 Cr. -          Net Profit for Q2 FY21 increased by 14% YoY to INR 628 Cr. -          Net Profit for H1 FY21 grew by 12% YoY to INR 1,124 Cr.

Mr. Ajay Piramal, Chairman, Piramal Enterprises Ltd. said, “We have delivered a resilient performance with net profit of INR 1,124 Crore for H1 FY21, despite adverse global environment. Continuing to focus on strengthening our balance sheet, over the past year, we brought in INR 18,000 Cr of capital and reduced our net debt-to-equity ratio to below 1x.

In Financial Services, we saw early signs of recovery across the key sectors that we lend to. Progressing on the stated strategy of diversifying the loan book, we will be launching our multi-product retail lending platform in November 2020.

The Pharma Business recorded a healthy improvement in both revenue growth and profitability. It also completed the 20% growth investment by The Carlyle Group - which is an affirmation of the robustness of the business model and consistency in performance. Both businesses are now at an inflection point, where we see a good runway for strong performances in the mid to long-term.”

 

Key Business Highlights
Financial Services	Pharma
§  In line with our Strategy to diversify our book, launching the multi-product Retail Lending business in Nov-2020   §  Early trends indicate better performance of developer clients than assumed under stressed scenario for creating provisions   §  Continue to increase granularity of our wholesale loan book. -          Exposure to only one account at >15% of the net worth of Financial Services   §  Conservative provisions of INR 3,037 Cr. as of Sep 2020, equivalent to 237% of GNPAs and 5.9% of overall loan book   §  Capital Adequacy Ratio at 34% (vs. 22% as of March 2019)	§  Closed fund raising deal with The Carlyle Group -          Deal values our Pharma business at an Enterprise Value of USD 2.7 - 3.1 Bn. -          Received INR 3523.40 Cr. as proceed from Pharma Fund raise. §  Revenue of INR 1,441 Cr. (+9% YoY) with EBITDA margins of 23% for Q2FY2021 -          CDMO Revenue up 20% YoY -          India Consumer Products up 25% YoY   §  Other Highlights -          CDMO order book witnessing healthy growth -          India Consumer Products business launched 15 products and 38 SKUs during the year -          Complex Hospital Generics now seeing recovery -          Cleared 4 regulatory inspections

 

 

Business-wise Revenue Performance                                                                             (INR Crores or as stated)
Net Sales break-up	Quarter II ended				Half year ended
	30/9/20	30/9/19	% Change	% Sales	30/9/20	30/9/19	% Change	% Sales
Financial Services	1,861	1,954	-5%	56%	3,760	3,968	-5%	60%
Pharma	1,441	1,317	9%	44%	2,479	2,489	-	40%
Pharma CDMO	866	724	20%	26%	1,480	1,373	8%	24%
Complex Hospital Generics	438	477	-8%	13%	763	891	-14%	12%
India Consumer Products	140	112	25%	4%	244	222	10%	4%
Total	3,302	3,271	1%		6,239	6,457	-3%

 

 

Consolidated Financial Performance                                                                              (INR Crores or as stated)
Particulars	Quarter II ended			Half year Ended
	30-Sep-20	30-Sep-19	% Change	30-Sep-20	30-Sep-19	% Change
Net Sales	3,302	3,271	1%	6,239	6,457	-3%
Non-operating other income	38	46	-18%	103	110	-7%
Total income	3,339	3,316	1%	6,342	6,568	-3%
Other Operating Expenses	1,278	1,188	8%	2,369	2,363	0%
Expected Credit loss	24	-107		75	-152
OPBIDTA	2,038	2,236	-9%	3,898	4,357	-11%
Interest Expenses	1,156	1,337	-14%	2,260	2,665	-15%
Depreciation	139	128	9%	274	250	10%
Profit / (Loss) before tax & exceptional items	742	770	-4%	1,364	1,441	-5%
Exceptional items (Expenses)/Income	39	0		39	0
Income tax
Current Tax and Deferred Tax	204	258	-21%	365	474	-23%
DTA and MAT Credit written off	0	0		0	0
Profit/(Loss) after tax (before MI & Prior Period items)	578	512	13%	1,039	968	7%
Minority interest	0	0		0	0
Share of Associates	50	96	-48%	85	169	-50%
Net Profit/(Loss) after Tax from continuing operations	628	608	3%	1,124	1,137	-1%
Profit / (Loss) from Discontinued operations	0	-57		0	-137
Net Profit after Tax	628	551	14%	1,124	1,000	12%