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Tag: Ahmedabad

Chennai, Ahmedabad, and Kolkata Emerge as Most Affordable Metros for Residential Investments: Magicbricks

New Delhi, September 6 2024: The Indian real estate market is currently experiencing a bull run, marked by soaring prices and escalating demand. At the same time, household incomes across the top 10 cities increased at a CAGR of 5.4%, while property prices surged at a CAGR of 9.3% (between 2020-2024). This growing gap in income and property price growth rates has weakened affordability.

Elaborating on the same, Magicbricks’ flagship report “Housing Affordability in Major Indian Cities” revealed that the Property Price to Annual Household Income Ratio (P/I Ratio) in India has increased from 6.6 in 2020 to 7.5 in 2024 (higher than the globally accepted benchmarks of 5). Based on the P/I Ratio, the report observed that Chennai (5), Ahmedabad (5), and Kolkata (5) are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region (14.3) and Delhi (10.1) emerged as the least affordable.

Explaining the trends, Sudhir Pai, CEO, Magicbricks shared “Between the latter half of 2021 and 2022, residential investments were at their most affordable. During this period, the market was experiencing a resurgence, characterized by low interest rates, recovering household incomes, and modest increase in residential prices. However, homeownership sentiment has since peaked, resulting in demand significantly outpacing available supply, leading to a rapid and substantial surge in residential prices, presenting new challenges for affordable housing.”

Furthermore, the report revealed that the EMI-to-monthly income ratio in India has risen from 46% in 2020 to 61% in 2024, indicating a growing burden of EMIs on home buyers and reflecting affordability concerns nationwide, especially metros. The trend is more pronounced in MMR (116%), New Delhi (82%), Gurugram (61%) and Hyderabad (61%). In contrast, cities like Ahmedabad (41%), Chennai (41%) and Kolkata (47%) are relatively more affordable.

The report concluded that the current situation is likely to hit equilibrium conditions with market trends indicating a deceleration in price growth due to an anticipated increase in residential supply.

Autoz365 Lubricants Powered by Tesla Power India Pvt. Ltd. Debuts in Ahmedabad, Gujarat

National , July 16, 2024 – Autoz365 Lubricants, under the aegis of Tesla Power India Pvt. Ltd., proudly announces its grand launch in Ahmedabad, Gujarat. This landmark event underscores our unwavering commitment to delivering top-tier lubricants and maintenance solutions tailored to the evolving needs of modern vehicles and their discerning owners.

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Crafted with advanced formulations, Autoz365 Lubricants are engineered to optimize engine performance, enhance fuel efficiency, and prolonged engine life. Our products undergo stringent testing and leverage cutting-edge technology, ensuring they meet the highest standards of quality and reliability.

“We are exhilarated to introduce Autoz365 Lubricants in Ahmedabad, a city renowned for its dynamic automotive culture and robust industrial growth,” We have introduced the best companion for the mechanism of 2-Wheeler & 4-Wheeler with a complete range of oils i.e. Engine Oil, Gear Oil, Coolant and Brake oil, stated Mr. Rohit Karan, Executive Director of Tesla Power India Pvt. Ltd. “Our lubricants are designed to offer unparalleled protection and efficiency, reflecting our mission to innovate and lead in the automotive sector.”

The launch event, held at Four Points by Sheraton in Ahmedabad, featured live demonstrations, product showcases, and interactive sessions with our team of experts. Attendees gained insights into the myriad benefits of Autoz365 Lubricants and how one can significantly enhance vehicle performance and longevity.

Key Highlights of Autoz365 Lubricants:

Advanced Engine Protection: Our lubricants deliver superior protection against wear and tear, ensuring smooth engine operation under diverse driving conditions.
Fuel Efficiency: Formulated to reduce friction and improve fuel economy, helping drivers save on fuel costs.
Extended Vehicle Engine Lifespan: Designed to keep engines clean and running efficiently, extending the life of vehicle engines.

 The Ahmedabad launch marks the introduction of our innovative lubricants to the Indian market, building on our successful presence in the Gulf region. Leveraging our extensive distribution network across India, we aim to offer innovative solutions that help drivers and fleet owners maintain their vehicles with premium quality products at competitive prices.

Mr. Rihen Bhardwaj, CEO of Autoz365 Motorsports, shared his enthusiasm: “Having achieved remarkable success with Autoz365 Motorsports over the past two years, we are excited to elevate our offerings with Autoz365 Lubricants. These lubricants have been rigorously tested in various motorsports events, demonstrating their ability to enhance vehicle engine performance across soft, tough, and rough terrains. We are confident that these lubricants will be indispensable for both 2-Wheelers and 4-Wheelers.”

Autoz365 Motorsports has been a beacon of excellence in the competitive motorsports’ arena, consistently delivering outstanding performance and reliability. Our lubricants have been a crucial component of this success, helping our vehicles achieve peak performance under the most demanding conditions. This proven track record in motorsports is a testament to the superior quality and efficacy of our products.

The launch event was attended by the preferred partners of Tesla Power India Pvt. Ltd. from all over India, who also toured our state-of-the-art lubricant manufacturing facility. The event was met with widespread acclaim and enthusiasm from all participants.

EaseMyTrip Expands its Franchising Network, Opens Doors to the First Franchise Store in Ahmedabad, Gujarat

EaseMyTrip.com, one of India’s leading online travel tech platforms, announces the opening of its first franchise store in Ahmedabad, Gujarat. This is the 17th store the company has unveiled under its flagship program, EaseMyTrip Franchise. The new outlet launch marks a milestone in the brand’s expansion journey as it aims to tap offline customers through its strong network of retail stores.

 The new store is situated in the prime location of Titanium City Center Mall, 100 Feet Road. It offers a plethora of services, from flight and hotel reservations to bus and railway tickets. It also provides tailored packages for luxurious vacations, cruises, and group travel, along with visa-related assistance. With its inviting atmosphere and vibrant interiors, the store’s ambience resonates with the brand identity and color palette. The new outlet effectively displays EaseMyTrip’s core ethos of customer centricity and provides them with high-end services catering to their evolving needs.

 Mr Rikant Pittie, Co-Founder, EaseMyTrip said, “We aim to solidify our position and reputation in the Indian market with our flagship program, EaseMyTrip Franchise. The latest outlet launch in Ahmedabad is part of our larger vision to expand our footprint nationwide and provide our invaluable customers with exceptional offerings. After establishing a strong foothold in the online space, we are committed to bridging the market gaps with our offline stores and are putting our best foot forward to ensure our customers’ demands and needs are effectively catered to.”

 EaseMyTrip Franchise was launched last year with the vision of establishing a strong network of retail stores pan-India. Aiming to reach the 100-store mark by FY25, the brand has already launched 16 stores, the most recent one being in Bhopal.

Ambuja Cements and ACC Pioneer Digital Initiatives That Will Shape the Future of Construction Industry

Ahmedabad, 19 June 2024: Ambuja Cements Limited and ACC Limited, the cement and building material companies of the diversified Adani Portfolio, are excited to unveil their commitment towards innovation that will redefine the construction landscape through a series of visionary digital initiatives. The companies are steadfastly pursuing operational excellence and customer-centric solutions with cutting-edge digital initiatives.

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Mr. Ajay Kapur, CEO – Cement Business, Adani Group, said, “With the continuous evolution of the digital landscape across the nation and globally, we wholeheartedly embrace the need for the construction sector to adapt and create more efficient and effective solutions. Our digital journey reflects our dedication to innovate and deliver best in class products and solutions to all our stakeholders efficiently. Ambuja Cements and ACC’s digital initiatives emerge as a beacon of progress. The process of modernising the entire digital landscape, as well as using AI & IoT technologies for enhancing the plants stand as a testament to the company’s unwavering commitment to progress.”

At the forefront of this initiative is the development of the NexGen Sales & Reward Platform, a forward-looking digital ecosystem designed to foster seamless collaboration among customers, channel partners, retailers, influencers and sales partners by streamlining coordination and operations on a modern technology stack. By standardising and simplifying business processes, the companies aspire to significantly enhance outcomes for internal teams and external collaborators.

In addition, Ambuja Cements and ACC are implementing the ‘Plants of the Future’ programme to digitally transform manufacturing processes to improve production quality and reduce costs. This includes incorporating robotics for automation, automated weighbridges, in-plant automation, automated quality testing, robotics process automation for plant shutdown management, and drones for maintenance.

The digital transformation also encompasses their Industry 4.0-based Command-and-Control programme, a pioneering platform that offers stakeholders a visual representation of critical business data as well as insights and exceptions for seamless and proactive running of the business. This platform harnesses advanced analytics, equipping decision-makers with the necessary tools to optimise strategies for maximum output. Under phase 1 of this programme, the companies have developed the Cement Network Operating Centre (CNOC) dashboard.

Teaming up with the Adani Group’s AI Labs will seamlessly enable harnessing the power of artificial intelligence through the integration of AI models, including generative AI capabilities, video-based analytics and optimiser functionalities. This will accelerate the decision-making processes and elevate customer interactions to new levels of efficiency.

Furthermore, the companies are implementing their advanced logistics and fleet management tools by revamping vehicle tracking and transportation management systems. Leveraging technologies such as GPS, RFIDs, and advanced track-and-trace algorithms, these enhancements will provide real-time vehicle location and estimated arrival times, enabling driver safety, seamless coordination between buyers and sellers for enhanced efficiency. The new expansion projects will fully use digital tools for enhanced project management capabilities.

The digital transformation encompasses its entire landscape, including network, data, business applications across its plants, and cybersecurity. Recognising the importance of cybersecurity, the companies will have fortified their business information systems with advanced and modern cybersecurity solutions. Adani’s ISO 27k-certified central cyber defence and security operations centre ensures enterprise-grade security, safeguarding the integrity of the company’s operations.

Ambuja Cements and ACC’s focus on Digitalisation and AI-driven strategies exemplifies its dedication to delivering exceptional solutions. By embracing cutting-edge technologies and fostering a culture of innovation, the company continues to pioneer advancements that redefine the sector.

Kraft Heinz India’s Global Capability Centre is now a Great Place To Work

Ahmedabad, India, June 7th 2024: Kraft Heinz India proudly announces that their Global Capability Center has achieved the prestigious Great Place To Work Certification 2024. This accomplishment reflects their unwavering commitment to fostering positive employee experiences, guided by their strong core values and leadership principles. The brand is committed to prioritizing their people and creating exceptional workplaces that help them succeed by harnessing their best potential.

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A first for their Indian chapter, they are particularly thrilled because the newly established GCC has achieved this recognition in such a short time. With unwavering confidence in their vision, values and leadership principles, Kraft Heinz is motivated to surpass their previous accomplishments in the coming years. Moreover, the impressive 93% participation rate in the GPTW trust index survey has armed the company with actionable insights, providing clear direction in employee sentiments and ensuring continuous improvement for an even brighter future ahead.

Voicing her thoughts about this achievement, Nayeema Kouser, Head-GCC, Kraft Heinz India said, “Being Great Place To Work-certified is yet another significant global milestone for Kraft Heinz. It reflects our dedication to fostering supportive and empowering work environments that nurture talent. This further reaffirms our reputation as a world-class organization and emphasizes our commitment to employee well-being, setting us apart on the world stage.”

Priyanka Sharma, Head-HR, Kraft Heinz India GCC, added, “Achieving this certification marks a pivotal step forward in our journey to expand our Global Capability Center’s footprint in India. Our people are our biggest assets, and this certification reassures their trust and faith in us. By prioritizing inclusivity and excellence, we aim to make a meaningful impact by reaching more communities with work opportunities and setting a benchmark for positive work culture.”

For nearly three decades, Great Place to Work has stood as the foremost authority on workplace culture worldwide. This certification is revered as the ultimate high standard for outstanding work environments among both employers and employees. Through their meticulous evaluation process and comprehensive reports, they empower organizations with key insights into what distinguishes them from their competitors while guiding them towards creating greater workplaces in their respective industries.

MOVIN marks two years of empowering Indian businesses with seamless logistics solutions

Gurugram, 28 May 2024 – MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, marks its two-year anniversary of facilitating movement of goods for businesses in India. Over the past two years, the company has established itself as a trusted partner for 1500+ customers, covering 3500+ pin codes across 49 cities, providing seamless logistics solutions with its air Express and Ground Services.

MOVIN’s robust infrastructure plays a pivotal role in its growth. With 16 strategically located Air and Ground Hubs, including major commercial centers like Chennai, Hyderabad, Ahmedabad, Kolkata, Pune, Mumbai, Bangalore, and Delhi NCR, MOVIN ensures uninterrupted flow of commodities that is supported by consistent, predictable, and responsive operations. The company has a total facility space of over 2 lakh sq. ft., enabling efficient handling and distribution of goods. This includes the synergistic UPS and MOVIN joint facilities located in Pune and Kolkata. The company now has close to 500 people across its offices and hubs in India.

Committed to sustainability, MOVIN has deployed over 20 electric vehicles (EVs) for its first and last-mile deliveries in major metros including Delhi, Mumbai, Pune, Kolkata, Hyderabad and Chennai resulting in a reduction of 17 tons of carbon emissions annually. This initiative aligns with the company’s long-term environmental goals and supports customers in achieving their own ESG objectives.

“We are incredibly proud of MOVIN’s accomplishments in the past two years,” said JB Singh, Director, MOVIN Express. ” We are grateful to our valued customers for their continued support and partnership. As we move forward, our purpose is to build the most aspirational express logistics brand in India. We will continue to invest in developing capabilities in our people, empowering and engaging our partners, and advancing our technology to achieve excellence in whatever we undertake. By providing best-in-class logistics services, we aim to empower businesses of all sizes, helping them reach new heights and contribute to the nation’s economic growth.”

Grégory Goba-Blé, Managing Director for UPS in India said, ” As we celebrate MOVIN’s two-year anniversary, I am filled with immense pride. We have emerged as a preferred logistics partner for over 1500 customers across India, because of our strong setup and hardworking team. Our strategically located hubs in major cities ensure seamless movement of goods. Most importantly, sustainability is at the heart of our growth – by deploying electric vehicles for deliveries in key metros, we are demonstrating our commitment to environmental stewardship. As we look to the future, I am grateful for everyone’s contributions and excited about not only continuing to serve our customers’ needs but also expanding our presence further in India.”

Strategic Meet Aboard a Cruise: Pride Hotels Group Charts New Course with Annual Budget Gathering

Pride Hotels Group is pleased to announce the successful completion of its annual three-day budget meeting, Pride Convergence 2024, held at the Pride Plaza Hotel, Ahmedabad. The event gathered representatives from all 30 operating hotels within the group and featured a remarkable day on a cruise along the scenic Sabarmati River, blending business & leisure to strategize for the upcoming financial year.

Grand Welcome

The event commenced with “Reflections of Ayodhya: Strategizing with Vision and Virtue,” which set a transformative tone. The first day started with the traditional lighting of the lamp and was followed by a mesmerizing dance performance, symbolizing the group’s commitment to merging traditional values with contemporary hospitality trends. The day included a Satvik Bhojan to highlight purity and a themed dinner that showcased the vibrant street food culture of Ahmedabad.

Mr. Atul Upadhyay, Executive Vice President of Pride Hotels Group, commented, “The Pride Convergence 2024 transcended the usual confines of a typical meeting; it was a vibrant celebration of our heritage and a progressive forum that paved the way for another year of growth and innovation. We are delighted to have created an environment where business intersects seamlessly with culture and leisure. Importantly, during this gathering, we also announced our new brand portfolio and briefed our hotels on the brand evolution along with new signups that focus more on leisure destinations, further expanding our portfolio to meet the growing demand for luxury and relaxation in exotic locales.”

On the second day, titled “Budgets and Beyond,” attendees enjoyed productive discussions, a sizzling BBQ lunch, and a dinner under the stars during the cruise, making it a memorable experience. The final day, known as “Gujarati Vibhor,” focused on the vibrant local culture with a traditional Gujarati lunch and an energetic dance performance, culminating in an awards ceremony to honour outstanding team achievements and a grand gala dinner to celebrate the collective successes.

Mr. Koustuva Mukherjee, AVP of the Gujarat Region, added, “This year’s budget meet was a perfect blend of strategic planning and cultural immersion. The seamless integration of business sessions with engaging entertainment and culinary excellence reflects our commitment to providing experiences that are ‘Truly Indian and Traditionally Luxurious.’ We are excited about the future and the opportunities that lie ahead for Pride Hotels Group.”

The Pride Convergence 2024 not only set the financial and operational roadmap for the coming year but also reinforced the group’s commitment to delivering exceptional experiences that truly reflect the spirit of Indian hospitality.

Motorola Solutions signs up with Arya Omnitalk to promote professional and commercial radios

Bengaluru, 16th April 2024: Pune-headquartered Arya Omnitalk, a joint venture between two of India’s most reputed business houses, Arvind Ltd. and the JM Baxi Group, has secured an exclusive partnership with Motorola Solutions to distribute Professional and Commercial Radios in India.

Arya Omnitalk operates three business divisions, namely Shared Mobile Radio Services (SMR), GPS-based Fleet Tracking and Management Solutions, and Toll and Highway Traffic Management Systems (HTMS). Under this collaboration, Arya Omnitalk will exclusively distribute Motorola Solutions’ MOTOTRBO Portfolio of products, along with continuing to distribute Wave PTX and associated services.

A leading provider of PMRTS (Public Mobile Radio Trunking Services), CMRTS (Captive Mobile Radio Trunking Services), and Broadband Push-to-talk devices, Arya Omnitalk holds licenses to operate in 18 cities including Ahmedabad, Bengaluru, Chennai, Delhi, Indore, Kolkata, Bharuch, Navi Mumbai, Gurgaon, Noida, Mumbai, Pune, Surat, Vadodara, Visakhapatnam, Hyderabad, Kochi, and Jaipur.

These radios are specially designed for organizations operating in today’s fast-moving business environment. They allow real-time, instant communication among teams, improving coordination in fast-paced environments. It allows cross-platform compatibility and works across various devices and platforms, ensuring seamless communication between different teams and devices within the company. These radios connect teams spread across different locations and facilities. It can integrate with existing communication systems and tools, streamlining processes and enhancing overall connectivity within the company.

These radios provide secure communication channels, crucial for the industries where confidentiality and data protection are paramount. It enables swift response during emergencies or critical situations, ensuring immediate communication for rapid decision-making and crisis management.

These services cater to important sectors such as Municipal Corporations, Manufacturing, Security, Oil & Gas, Transport and Logistics, Warehousing, Educational Institutes, IT/ITeS, Hospitality, Hospitals, Embassies, Mines, and Construction.

Speaking of the occasion, Mr. Paresh Shetty, CEO, Arya Omnitalk said, “We are thrilled to announce our continued partnership with Motorola Solutions, further solidifying the trust we’ve built with the brand and customers over the years. This exclusive partnership grants us the opportunity to sell best in class products in India. Our commitment remains unwavering in delivering unmatched customer experiences, ensuring every interaction mirrors our dedication to excellence and satisfaction.”

Australian fashion brand, Forever New opens doors for its first store in Ahmedabad, Gujarat

Australian fashion brand, Forever New opens doors for its first store in Ahmedabad, Gujarat

The Melbourne based premium fashion brand, Forever New opened its first store in the city of Ahmedabad, Gujaratlast week. With a pan India presence of 41 stores now, inmetropolitancities such Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune, Chennai and, other cities such as Chandigarh, Jaipur, Ludhiana and more, the brand is on a mission to further cement its retail store presence across the country.

Delighted with the addition of the new approximately 1000 sq ftstore to its already robust store presence, Mr Dhruv Bogra, Country Head, Forever New, says, “Gujarat is definitely a potential market for Forever New and we are excited to launch our store for our customers in the state.People are more style conscious now and on the lookout for the latest trends and we are certain that we would be able to bridge this gap and fulfil their fashion aspirations. We are motivated and geared to further secure a much stronger presence in the coming years ahead.”

With the upcoming stores being conceptualised on the basis of an updated retail store interiors model, the Ahmedabad store boasts the same with premium fixtures and spacious trial rooms for the ease of customers. The store layout has seen an advancement in terms of more efficient store layouts which involves styles segregated on the basis of colours and themes in order to boost the overall customer experience. Located on theGround Floor in the South Zone of the Alpha One Mall, one of the most premium malls in the city, the brand targets to fulfil the fashion needs of all the fashion forward women with a wide array of pieces across dresses, jumpsuits, co-ord sets, tops, blouses, pants along with accessories and more to offer. The brand kick starts their latest store launch with the display of its new Spring Summer’22 Collection, ‘Feel Fresh’ an alluring fusion of dreamy styles in a fresh colour palette with floral prints and bright pops of colour. With statement necklines such as the halter neck and cowl neck, the collection also brings to the forefront fun sleeves designs such as puff and flutter sleeves. Flowy silhouettes, sleek styles and comfort clothing are the mantra for the latest collection whilst maintaining the brand ethos of timeless pieces.

Kickstarting the induction of the new store with the latest collection, Mr Bogra, further adds, “We are extremely excited to open this store with our latest SS22 collection, ‘Feel Fresh’. The pieces are fun, flattering and beautiful with bright shades of candy pinks and jades, perfect for summer. Along with exquisite garments such as dresses, jumpsuits, blouses and more, we also have a wide range of accessories to accompany, such as hats, sunglasses, jewellery pieces and handbags.”