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Piaggio donates 11000 + Ration Kits to Needy Auto Driver Families in India

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  • The kit distribution was done on a single day,  at various locations
  • 11000  Ration kits were distributed to  needy Auto Drivers  whose business is impacted due to the current unprecedented COVID19 situation

Bangalore , 29 May, 2020: The increasing number of Covid-19 cases has resulted in an extension of nation-wide locked down with a few relaxations in certain areas. This protracted lockdown has terribly affected the Auto Rickshaw drivers, a section of the society that is very dependent on daily earnings effecting the livelihood of many families.

In this time to demonstrate solidarity with the most needy section of this society to navigate through this crisis, Piaggio Vehicles Pvt Ltd (PVPL), a 100 % subsidiary of the Italian Piaggio Group, European leader of the 2-Wheeler sector and India’s leading manufacturer of small commercial vehicles, has announced that they have distributed more than 11000 kits, each of which could feed a family for two months.

As a responsible corporate social citizen, PVPL arranged free supplies of these ration kits ensuring basic food security for a minimum of 2 months to the most needy of the 3 wheeler driver families. These ration kits have dry ration as well as face masks, soaps and sanitizers as per the average requirement of four family members. The distribution was done today on 28th May across India with the support of PVPL’s nationwide dealership network.

Talking about this initiative, Mr. Diego Graffi, MD & CEO of Piaggio Vehicles Pvt. Ltd. said, “In these exceptionally difficult times we stand with the auto driver & transport worker community to provide our relentless support. They are facing difficulties in this unprecedented COVID-19 situation. We had earlier announced an extension of the warranty for all our 3 wheeler customers and have now decided to support the most needy households of this community by taking care of their basic food security for a period of 2 months. Our dealers are also partnering with us and supporting us voluntarily in this distribution to reach out to the underprivileged drivers & their families. This is an unparalleled crisis that needs cooperation and support from all of us as a community and as a socially responsible organisation we are going to keep doing the best we can do for the driver community”.

In the past also PVPL has responded immediately and provided dry ration kits to migrant labourers from Pune and Baramati. PVPL has also supported with sanitisation infrastructure being provided to Pune’s Government Hospital. It has also helped Baramati local authorities in setting up an isolation centre for COVID-19 patients at the Baramati government hospital. In the month of April the company has also announced the extension of warranty and free service period for small commercial vehicles by two months.

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Max Healthcare emerges as the second-largest healthcare chain by revenue in India

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  • NCLT’s approval for Composite Scheme of Amalgamation and Arrangement sets the stage for Max Healthcare’s listing
  • Promoter led, PE-Backed, focused hospital chain
  • Strong healthcare brand and “metro centric” tertiary and quaternary care  
  • Synergies with Radiant Life Care to result in stronger Operational & Financial performance

June 1, 2020 – Max Healthcare Institute Limited (MHIL / Max Healthcare) today announced that consequent to the receipt of order of the Hon’ble National Company Law Tribunal (NCLT) sanctioning the Composite Scheme of Amalgamation and Arrangement (Scheme) involving demerger of allied health and associated activities of Max India Limited (Max India) into Advaita Allied Health Services Limited, an amalgamation of the residual Max India (post demerger) and demerger of healthcare business of Radiant Life Care Private Limited (Radiant) into Max Healthcare, the amalgamation and demergers as per the sanctioned scheme have been successfully completed today. Mr. Abhay Soiwill be the Chairman and Managing Director of MHIL.

Max India shall stand dissolved effective today without being wound up and subsequently the equity shares of the MHIL will get listed on both Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) in due course after completing procedures according to the related regulations. The record date for allotting equity shares of Max Healthcare to Max India shareholders as per the approved share exchange ratio has been set as June 15, 2020. 

This is a significant step in the Scheme entailing demerger of Radiant’s healthcare business into MHIL, which will result in Mr. Abhay Soi and Kohlberg Kravis Roberts & Co. L.P (KKR) acquiring a significant majority stake in Max Healthcare and ultimately listing of the combined entity at BSE and NSE.

Commenting on this development, Mr. Abhay Soi, Chairman, MHIL said, “We are very excited about our future as a combined entity which will augment our size, scale and capabilities to provide best-in-class healthcare services in the country. MHIL will emerge as the second-largest hospital chain in India with strongly established brand equity and centres of excellence for high-end quaternary care with significant part of its capacities in key metros, particularly Delhi-NCR and Mumbai. Our operating culture rests on the bedrock of medical and service excellence, high-quality patient experience, ethical practices, and adopting cutting-edge technology. I am confident that we will continue to incrementally contribute to the development of quality healthcare services and meet the growing medical needs of our country.

Going forward, we plan to expand our operations by investing in growth and leveraging an asset light operating approach. Since the announcement of this transaction, MHIL over the last few quarters has implemented a robust business improvement plan, the results of which are visible in the financial performance of MHIL. I believe that several synergies will play out over the next 2 to 3 years, which will enable us to realize significant benefits from our coming together.”

MHIL will emerge as the second largest hospital network across India in terms of revenues and one of the top three hospital chains in the country in terms of bed capacity. MHIL will operate over 3,500 beds across India, including tertiary and quaternary care facilities, offering high-end critical and super specialty care, supported by strong local brands such as BLK Hospital, Max Hospital-Saket, Max Smart Hospital-Saket, Max Hospital – Patparganj, Max-Hospital-Shalimar Bagh, Nanavati Hospital, etc. MHIL will further build on its strong presence in the metros through brownfield expansion of bed capacity, enhancing the depth and width of its medical programs and enhancing its leadership position in these high-end markets.

Radiant, promoted and founded by Mr. Abhay Soi and backed by KKR, had acquired a 49.7% stake in Max Healthcare in June 2019 for a consideration of around INR 2,136 crore. Over the last few quarters, MHIL has implemented various initiatives to grow revenues and rationalise costs, resulting in a healthy financial and operational performance built on the pillars of medical and service excellence. Going ahead, MHIL is confident of driving multiple synergies and creating significant value on the back of following levers: 

  • Creating metro-centric centres of excellence for high-end Quaternary Care
  • Opportunity to leverage the brand strength to expand capacity through an asset-light model
  • Significant brownfield expansion opportunity across key hospitals in the most attractive metros of Delhi and Mumbai
  • Cost optimization strategies 
  • Spinoff and focused development of SBU’s

The transaction is being completed through the following steps as per the Scheme:

  • Following the demerger, Radiant’s healthcare assets merged into Max Healthcare with simultaneous merger of residual Max India into Max Healthcare 
  • As a result of this merger, shareholders of Max India will receive 99 equity shares of the Merged Entity (MHIL) of face value of INR 10 each for every 100 equity shares of face value of INR 2 each that they hold in Max India as on the relevant record date
  • Shareholders of Radiant will receive 9,074 equity shares of face value of INR 10 each in Max Healthcare for every 10 equity shares of face value of INR 10 each held in Radiant as on the relevant record date
  • Post-merger, Max India stands dissolved and MHIL, which is the newly merged entity comprising of combined healthcare assets of Radiant and Max Healthcare, will get listed on both the BSE and the NSE after completing necessary regulatory requirements
  • Mr. Abhay Soi shall be the promoter of the merged entity (MHIL) and KKR shall be the co-promoter

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LEAD School recommends school reopening plan to HRD Ministry, Central and State Boards; releases Post Lockdown Handbook

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Offline-Online learning, alternate day school, social distancing guidelines, non-contact games and tie-up with local hospitals advised to schools 

Mumbai, June 1, 2020: Ahead of the Human Resource Development Ministry issuing guidelines to help schools plan their reopening,LEAD School, which is running the largest online school in the country, has submitted its recommendations to the Ministry, Central and State Boards. LEAD School also released the Post Lockdown School Handbook for the benefit of all schools across India to help them plan and prepare for reopening.

Amid the norms ofsocial distancing set by the Government of India, the Handbook guides schools in running the essential activities ranging from school transport, classroom seating, offline-online learning, academic year planning and outdoor activities. It also focuses on health and hygiene and responsibilities of school, teachers, parents and students.

Key suggestions from the Handbook include:

·         Adopting cloud based system to help schoolsintegrate online-offline learning

·         Alternate Day School or Double Shift School to maintain social distancing and reduce operational cost

·         Starting academic year by June end online or increasing academic year duration to avoid learning loss during the year.

·         Advanced planning of assessments and staggered evaluations

·         Maintaining 6 feet distance in seating through one student per desk or two per medium desk or three per long desk with one empty seat between each student. Similar vacant seating practices to be followed in school transport

·         Opting for non-contact games and activities like Yoga, Aerobics, Hopscotch, Athletics or minimal contact games like Badminton, Table Tennis among others

·         Staggered lunch breaks and supervised lunch in the classroom for younger students

·         Tie-up with local hospital or nursing home; on campus or on call availability of medical attendant

Sumeet Mehta, Cofounder & Chief Executive Officer, LEAD School said, “For schools, the post-lockdown challenges can be solved when they work along with parents, teachers, education department and local governments to create safe and healthy environment. LEAD School has prepared a comprehensive Handbook to help schools deliver excellent learning while taking care of the safety and health of their students and staff on reopening. The handbook contains a checklist that every school can use to prepare for the Post-Lockdown period.”

LEAD School created the roadmap for schools to handle any disruption in operations once the lockdown is over. Such disruptions could include heightened concerns of child and staff safety at school, sudden changes in COVID zones or new outbreak of cases, quarantining of students or teacher due to positive cases and any new government measures on social distancing that may hamper school operations.  

The Handbook has been circulated to 800+ schools in 15 states, covering over 3lakh students studying in tier 2, 3 and 4 cities and towns in India.

The detailed Handbook can be accessed at https://leadschool.in/post-covid-guide-for-schools.html

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Simplilearn and California Institute of Technology CTME to Launch Online Post Graduate Program in DevOps 

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Collaboration Will Offer a Comprehensive Program in DevOps for Learners Around the Globe

Bangalore, June 01, 2020: Simplilearn, a global provider of digital skills training, today announced its collaboration with CTME (Caltech’s Center for Technology and Management Education) to offer a specialized Post Graduate Program in DevOps. CTME joins Purdue University and a growing list of higher education partners offering joint professional learning programs with Simplilearn. This is the first of Simplilearn’s Post Graduate Programs to be launched simultaneously around the globe.

The Post Graduate Program(PGP)  in DevOps brings together the academic excellence of CTME, the professional education arm of Caltech, with Simplilearn’s award-winning Blended Learning delivery model. The Blended Learning environment combines live online classes, self-paced learning, labs and projects, extensive peer-interaction, and 24/7 access to Teaching Assistants (TA’s). 

The online program will be offered in India and select international locations to help prepare a global workforce for advances in software engineering. Aspiring developers and technologists will learn essential skills in architecture, coding, and cloud computing.

On completion of the program, learners will have a core understanding of various automation tools for developing digital pipelines (Continuous Integration/Continuous Development) and designs, and implementing software integration across the DevOps lifecycle. Learners will be equipped with the skillset to manage workflow automation through integration and deployment processes, along with front-end and back-end coding skills. 

Along with a comprehensive curriculum that covers the core concepts and the latest industry best practices, the program also provides over 20 live projects to work on, Capstone projects in four industry domains, and Masterclass from experts at CTME. This blended learning approach ensures that the program participants receive an in-depth understanding of the fundamentals and abundant opportunities for hands-on practice and learning.

Speaking on the launch of the program, Anand Narayanan, Chief Product Officer, Simplilearn said, “With rapid technological advancements, the expectation from organizations to expedite delivery of quality tech products and services is a given. It is this need gap that efficient implementation of DevOps can address, also indicating the growing career prospects for DevOps based job roles. At Simplilearn, we use our understanding of the growing sectoral requirements to make our PGP program more comprehensive: we deep-dive into each program module and cover a wide range of related subjects. By introducing the PGP DevOps program in collaboration with CTME, we aim to create a job-ready workforce by equipping learners with industry-specific skills.”

“Today, the world is in the process of digital transformation, and professionals urgently need to equip themselves with the right skills to stay ahead of the curve. CTME’s Post Graduate Program, in association with Simplilearn, offers a comprehensive curriculum and provides an opportunity for career growth in the DevOps domain,” said Dr. Rick Hefner,  Program Director, CTME. “We are happy to collaborate with a leading digital training company to offer these certificate programs to aspiring engineers and coders. The organizations that harness digital capabilities help spark the innovations that can help society.”

On completion of the PGP DevOps program, participants will receive a joint industry-recognized certificate from CTME and Simplilearn, CTME Circle Membership, and be eligible for 25 CEUs (Continued Education Units) that can be applied to professional qualifications and employer development requirements. The program graduates of the PGP will also be enrolled in Simplilearn’s JobAssist job placement service.

About Simplilearn

Simplilearn enables professionals and enterprises to succeed in the fast-changing digital economy. The company provides outcome-based online training across digital technologies and applications such as Big Data, Machine Learning, AI, Cloud Computing, Cyber Security, Digital Marketing, and other emerging technologies. Based in San Francisco and Bangalore, India, Simplilearn has helped more than one million professionals and 1,000 companies across 150 countries get trained, acquire certifications, and reach their business and career goals. The company’s Blended Learning curriculum combines self-paced online learning, instructor-led live virtual classrooms, hands-on projects, student collaboration, and 24/7 global teaching assistance. 

For more information, visit Simplilearn.com.

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ನಿಫ್ಟಿ ಮತ್ತು ಸೆನ್ಸೆಕ್ಸ್ ಸತತ ಮೂರನೇ ಬಾರಿ ಏರಿಕೆ

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ಬೆಂಗಳೂರು:ಪ್ರಮುಖ ಕಂಪೆನಿಗಳಲ್ಲಿ ಅತಿದೊಡ್ಡ ಇಂಟ್ರಾಡೇ ಗಳಿಕೆ ವೊಡಾಫೋನ್ ಐಡಿಯಾ ಪಾಲು ಗೂಗಲ್ ಕಂಪನಿಯ ಪಾಲನ್ನು ವಿದೇಶಿ ಪ್ರಕಟಣೆಯೊಂದು ಪ್ರಕಟಿಸಿದ ನಂತರ ಶೇಕಡ 35 ರಷ್ಟು ಏರಿಕೆಯಾಗಿದೆ. ಭಾರತದಲ್ಲಿ ದಿವಾಳಿತನಕ್ಕಾಗಿ ಕಂಪನಿ ಸಲ್ಲಿಸುವ ಮಾತುಕತೆಯ ಮಧ್ಯೆ ಕಳೆದ ಒಂದು ವರ್ಷದಿಂದ ಈ ಸ್ಟಾಕ್ ಒತ್ತಡಕ್ಕೆ ಒಳಗಾಗಿದೆ ಎಂದು ಏಂಜಲ್‌ ಬ್ರೋಕಿಂಗ್‌ ಲಿಮಿಟೆಡ್‌ ಸಂಸ್ಥೆಯ ಹೆಡ್‌ ಅಡ್ವೆಂಸರಿ ಆಮರ್‌ ದಿಯೋ ಸಿಂಗ್ ಹೇಳಿದರು.

1390 ಷೇರುಗಳು ಮೌಲ್ಯದಲ್ಲಿ ಏರಿತು, ಆದರೆ 924 ಷೇರುಗಳು ಕುಸಿದವು ಮತ್ತು 159 ಷೇರುಗಳು ಅವುಗಳ ಮೌಲ್ಯದಲ್ಲಿ ಬದಲಾಗದೆ ಉಳಿದಿವೆ. ಹೆಚ್ಚಿನ ಲಾಭ ಗಳಿಸಿದವರಲ್ಲಿ ಒಎನ್‌ಜಿಸಿ (5.14%), ಬಜಾಜ್-ಆಟೋ (4.15%), ಸನ್ ಫಾರ್ಮಾ (3.88%), ಐಟಿಸಿ (3.38%), ಮತ್ತು ಹೀರೋ ಮೊಟೊಕಾರ್ಪ್ (3.08%) ಸೇರಿವೆ.

ಸೆನ್ಸೆಕ್ಸ್ ಸೋತವರ ಪಟ್ಟಿಯಲ್ಲಿ ಕೋಟಕ್ ಬ್ಯಾಂಕ್ (0.38%), ಆಕ್ಸಿಸ್ ಬ್ಯಾಂಕ್ (1.96%), ರಿಲಯನ್ಸ್ ಇಂಡಸ್ಟ್ರೀಸ್ (0.51%), ಟೈಟಾನ್ (1.02%), ಎಂ & ಎಂ (0.83%), ಮತ್ತು ಟಿಸಿಎಸ್ (1.68%) ಸೇರಿವೆ. ವಿಶಾಲ ಮಾರುಕಟ್ಟೆ ಸೂಚ್ಯಂಕಗಳು ಸಹ ರ್ಯಾಲಿಯಲ್ಲಿ ಭಾಗವಹಿಸಿದ್ದವು. ನಿಫ್ಟಿ ಮಿಡ್‌ಕ್ಯಾಪ್ 100 ಸೂಚ್ಯಂಕ ಮತ್ತು ನಿಫ್ಟಿ ಸ್ಮಾಲ್‌ಕ್ಯಾಪ್ 100 ಸೂಚ್ಯಂಕ ಎರಡೂ ಇಂದಿನ ವ್ಯಾಪಾರದಲ್ಲಿ ಕ್ರಮವಾಗಿ 13,273 ಮತ್ತು 4,002.80 ಅನ್ನು ಮುಟ್ಟಿದವು.

ಇತರ ಷೇರುಗಳಲ್ಲಿ, ಡಾ. ರೆಡ್ಡೀಸ್ ಲ್ಯಾಬ್ (4.02%), ಜೆಬಿ ರಾಸಾಯನಿಕಗಳು ಮತ್ತು ce ಷಧಗಳು (3.67%) ಮತ್ತು ಡಿವೀಸ್ ಲ್ಯಾಬ್ (3.46%) ಏರಿಕೆಯಾಗಿದೆ. ಸುವೆನ್ ಲೈಫ್ ಸೈನ್ಸಸ್ 4% (3.96%), ಆಲ್ಕೆಮ್ ಲ್ಯಾಬ್ಸ್ (3.03%) ಮತ್ತು ಆರತಿ ಇಂಡಸ್ಟ್ರೀಸ್ (1.10%) ಕ್ಕೆ ಇಳಿದಿದೆ. ಭವಿಷ್ಯದ ಗ್ರಾಹಕರು 5% (4.68%) ಮತ್ತು ಕೋಲ್ಗೇಟ್ 3% ರಷ್ಟು (3.18%) ಗಳಿಸಿದ್ದಾರೆ.

ಯುಎಸ್ ಅಧ್ಯಕ್ಷ ಡೊನಾಲ್ಡ್ ಟ್ರಂಪ್ ಚೀನಾಕ್ಕೆ ಪ್ರತಿಕ್ರಿಯೆ ನೀಡಲು ಹೂಡಿಕೆದಾರರು ಕಾಯುತ್ತಿದ್ದರಿಂದ ಜಾಗತಿಕ ಷೇರು ಮಾರುಕಟ್ಟೆಗಳು ಶುಕ್ರವಾರ ಕುಸಿದವು, ಸುದ್ದಿ ವರದಿಗಳು ಉಲ್ಲೇಖಿಸಿದ ನಂತರ ಏಷ್ಯನ್ ದೇಶದ ವಿರುದ್ಧ ಕ್ರಮವನ್ನು ಘೋಷಿಸಲು ಪತ್ರಿಕಾಗೋಷ್ಠಿ ನಡೆಸುವುದಾಗಿ ಹೇಳಿದ್ದು, ನಿಯಂತ್ರಣವನ್ನು ಕಠಿಣಗೊಳಿಸುವ ನಿರ್ಧಾರಕ್ಕೆ ಪ್ರತಿಯಾಗಿ ಹಾಂಗ್ ಕಾಂಗ್. ಯುಎಸ್-ಚೀನಾ ನಡುವಿನ ನಿರಂತರ ಬಿರುಕು ಅಂತರರಾಷ್ಟ್ರೀಯ ಮಾರುಕಟ್ಟೆಗಳಲ್ಲಿ ಕಚ್ಚಾ ತೈಲ ಬೆಲೆಗಳ ಮೇಲೆ ಮತ್ತಷ್ಟು ಪರಿಣಾಮ ಬೀರುವ ಸಾಧ್ಯತೆಯಿದೆ.

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