Rohto Pharmaceutical Co., Ltd., Japan Forges a Capital & Business Alliance with SastaSundar.com

Dr. Lekh Raj Juneja – Executive Vice President Rhoto Pharma Pvt. Ltd. with B.L. Mittal – Founder & Executive Chairman , Sastasundar Healthbuddy Ltd. at press conference in Mumbai – Photo By TGN. 

(From L-R)- Koji Suzuki - Managing director Rohto ( India ):Ryoji Noda - Consul - General of Japan – Mumbai:Dr. Lekh Raj Juneja - Executive Vice President Rhoto Pharma Pvt. Ltd: B.L. Mittal - Founder & Executive Chairman , Sastasundar Healthbuddy Ltd.;Miyuki Eguchi - Consul - Economic Section; Ravikanth Sharma - Managing Director & CEO , Sastasundar Healthbuddy Ltd. at press conference in Mumbai - Photo By TGN

Mumbai, 31st May, 2017 (TGN) :Rohto Pharmaceutical Co., Ltd. (“Rohto”) Japan, today, announced a Capital and Business Alliance with SastaSundar Healthbuddy Limited, a wholly owned subsidiary of SastaSundar Ventures Limited, an NSE and BSE listed company, owning and operating SastaSundar.com, a leading digital network of healthcare in India. Rohto has invested $5 million (Rs 32.2 crores) in SastaSundar Healthbuddy Limited and is likely to make further investments as the business progresses.

Dr. Lekh Raj Juneja, Executive Vice-President & Global Head International Business of Rohto, Mr. B. L. Mittal, Founder & Executive Chairman, SastaSundar Healthbuddy Limited, His Excellency, Mr. Ryoji Noda (Consul General of Japan in Mumbai), Mr. Koji Suzuki, Managing Director, Rohto Pharma (India) Pvt Ltd. & Mr. Ravi Kant Sharma, Managing Director & CEO, SastaSundar Healthbuddy Limited were present to announce this grand alliance.

Established in 1899, Rohto initially played a role in every customer’s welfare with its drugs including unique eye drops and  gastrointestinal medicines. Later, the company successfully ventured into dermal medicines, skin care, and functional foods. Rohto, a global leader, selling and marketing its products in more than 120 countries, aspires to become a company that challenges itself for “healthy life span” through both advanced life science and daily lifestyle based on technological expertise. Rohto entered India in 2010, by establishing its wholly-owned subsidiary ‘Rohto Pharma (India) Pvt. Ltd.’, with its leading lip care brand ‘LipIce’. The following year it launched a range of products including ‘LipIce Color’ under its brand ‘LipIce’. Subsequently, it launched two new brands – ‘OXY’ specialised skin care range for men, and ‘Acnes’ for specialised acne care, in India.

SastaSundar.com is building India’s leading digital network of healthcare, managing efficient pharma & wellness products’ supply chain & connecting doctors, diagnostic services, healthcare clinics and health information services. Currently, SastaSundar.com is operating in West Bengal only and will expand to pan India. The digital network of SastaSundar.com is being built upon the online to offline model of healthcare delivery leveraging technology and inventory less service centre of the franchise called Healthbuddy. For the year ended March 2017, the GMV of SastaSundar.com was Rs.153 crores and it delivered close to 17 lacs orders. As on date, it has 178 Healthbuddy stores with 4.40 lacs registered customers. SastaSundar.com has portfolio of its own brand which includes unique line of customised health supplement called DNAVITA, authentic herbal products in the brand of Healthbuddy and toxin free beauty care – Zerotox. Apart from this product line, it has health information services through its channel “Know Health” which consists of Health Articles, Medicine Info and Substitute of Generic Medicines, Symptoms Checker and Health Tools. SastaSundar.com provides customised app using artificial intelligence and has unique service capability based upon health condition data.

“Rohto is looking for the expansion of its base in India with SastaSundar.com as its preferred partner in the e-commerce business. SastaSundar.com has shown significant growth in a short span since starting their operations and we were indeed impressed with their business model and hence decided to invest. Rohto will assist SastaSundar.com in scaling its operations pan-India with our global expertise. Rohto embraces this entrepreneurial opportunity as the friendship between the two great nations of India and Japan. With this alliance, we will in our small ways contribute towards attaining the Hon’ble Prime Minister Of India, Mr Narendra Modi’s vision of Make-in-India and Digital India initiative”, said Dr Lekh Raj Juneja, Exective Vice-President & Global Head International Business of Rohto.

“At SastaSundar.com, we use knowledge and digital connectivity to reduce cost and add convenience in making available high quality medicines, healthcare products and services through fast online access and convenient home delivery process to make life simple and happy. We are extremely proud to have Rohto joining hands with us, which will be mutually beneficial. As we are on a growth path and looking for a pan-India expansion, we plan to scale up our operations in Mumbai soon. Our association with Rohto will help us in achieving our immediate goal”, said Mr BL Mittal, Founder & Executive Chairman, SastaSundar Healthbuddy Limited.

SastaSundar aims to have a total of 250 Healthbuddy stores in West Bengal & 50 Healthbuddy stores in Delhi by March 2018.

“By utilising the network of SastaSundar we will be introducing well-acclaimed products from our global brands in the healthcare segment in India. This will also help us in expanding our footprints in India, which is a key emerging market for us”, added Dr Juneja.

“Partnership of Rohto and SastaSundar.com will address one of the biggest problem of India – consistent access to affordable healthcare in a convenient manner”, added Mr Mittal.

India is one of the largest manufacturers of medicines in the world and boasts of the best of doctors. Yet, the majority of Indians do not have access to consistent and affordable healthcare. This is where the association between Rohto and SastaSundar will play a major role in connecting the missing link by leveraging digital technology.

Indian-American Businessman Nitin Khanna enters California with his Cannabis business, Cura

Mumbai, 30th May,2017 (TGN) :Indian-American Businessman Nitin Khanna entered California with his Cannabis business, the fastest growing industry in America. As more states legalize recreational use, the demand for premium cannabis is expected to increase. With a population of 39.1 million, California is the largest market in America within this industry; it was also the first state to legalize the medical use of marijuana back in 1996.Nitin Khanna is the CEO of MergerTech, an international Mergers and Acquisitions advisory firm, where he along with his team of highly experienced bankers incorporate their deep domain expertise and buyer relationships on the global platform for strategic or financial buyers, enabling their clients to convert their work into wealth through M&As.

Taking a step forward in this direction, Nitin Khanna’s Portland-based Cura Cannabis Solutions, already the leading provider of cannabis vape cartridges and oil in Oregon, will manufacture and market premium oils, concentrates, and cannabis products in the United States.

Cura’s new facility in South East Portland will begin offering “Select” branded CBD (cannabidiol hemp oil) cartridges. The CBD cartridges will be available online and retail locations in select regions in the United States.

Commenting on the growth, Nitin Khanna, CEO, Cura, said, “We are always scouting for exciting high growth businesses and entered the Cannabis business after a thorough study of its potential after it got legalized in the United States. Cura has undergone extremely fast growth since we started in 2016 and the further growth potential is enormous as the total North America sales of Cannabis are expected to be USD 20.2 billion by 2021 according to some reports.”

Cura’s vape cartridge brand, “Select”, provides consumers with the most flavorful, effective, safe, and enjoyable vape experience in the market.

Cura currently operates three facilities in Portland. The company witnessed significant growth over the past year, which is evident from the spike in the workforce. Last year, it added over 100 employees, taking the total tally to 125.In order to cater to the growing demand, the company is planning to have a new 10,000 square-foot facility in Sacramento with plans to open another in Los Angeles. The company is also planning to add 125 more employees by the end of this year.

About Cura Cannabis Solutions

Cura’s mission is to be the leading provider of cannabis oil to both consumers and premium edible brands in legal US and international markets. “Select” brand products include: Select CO2 vape cartridges, Select Elite THC Distillate and cannabis terpenes, Select Dabbables, and Select CBD.

Bosch Introduces ‘Heavy Duty’ Professional Power Tools

•Every tool in the Bosch Heavy Duty Range comes with a one-year
warranty.

•All Heavy Duty products are designed to handle extremely demanding jobs by giving users more of Power, Performance and Robustness.
Each product is built with enough power to drill, break and cut through the toughest problems with extreme ease

Pune, 27 May, 2017 (TGN) : Bosch Power Tools India, that offers a complete range of power tools for construction, woodworking and metalworking industry, today announced the launch of its Heavy Duty range of power tools that deliver unmatched reliability and performance. The range of heavy duty power tools has been engineered to outlast customer expectations and offer them power, performance and robustness to do their jobs that includes mainly breaking and cutting. The heavy duty tools will fulfill needs of the industry professionals from sectors such as: construction, energy & mining, shipbuilding, rail & rolling stock, industrial manufacturing and automotive to name a few.

Bosch Power Tools is dedicated to creating advanced and efficient solutions for professionals at work for over a century due to continuous innovation, intensive research and development that have helped Bosch Power Tools to create this range of Heavy Duty tools that now comes with a 1 year warranty.

Commenting on the launch, Panish PK, Regional Sales Director and Business Head – India and SAARC – Bosch Power Tools, said, “We have noted feedback from our users regarding the performance they want from their tools to match their specific needs. This resulted in our urge to develop a product portfolio that can really fulfill their demands and more.“ He further added, “Construction industry is highly demanding and needs sophisticated tools to cope with the heavy load. Bosch Power Tools‘ Heavy Duty range offers them exceptional solutions for them to complete the job on time and with quality.“

Bosch Power Tools Heavy Duty range is the toughest and most reliable and comes with industry leading one-year warranty.

Weak Copper Demand from China, A Positive Outlook for India : Quotes Mr. Alireza Moghaddam, Chairman, AMIDT Group

Mr. Alireza Moghaddam, Chairman, AMIDT Group – Photo By TGN

Mumbai, 27 May, 2017 (TGN) :China’s economic data is key to copper prices. Copper prices slipped due to weak imports from its top consumer China to a four-month low. Benchmark copper on the London Metal Exchange was down 0.3 percent at $5,497 a tonne at 0911 GMT. Earlier it fell to $5,481.50 towards Monday’s $5,462.50, the lowest since Jan 4.

Chinese imports of copper collapsed more than 30 percent in April from a month ago to 300,000 tonnes. A higher U.S. currency also weighed on sentiment as it makes dollar-denominated metals like copper more expensive for holders of other currencies, which potentially could subdue demand.

Moreover there are more Copper inventories in warehouses as compared to previous months. Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability.

Along with China, Japan, India, South Korea and Germany are other largest importers of copper. The Indian economy has the highest growth rate of 7% in the world and this is expected to cross 8% in the near future. All developmental and infrastructure projects, industrial production of cars, electronics, IT, Telecom and other sectors will see a rise in demand for copper. Along with China, India will play a major role in shoring up the demand for copper in the coming years.

All the above stated scenarios mean cheaper copper for the Indian infrastructure industry. As the Indian Elephant rumbles on, cheaper copper prices mean more expenditure by the private and the government sector across industries.

Even though demand from China is key in controlling the prices of metals, this can be easily be offset by demand from countries like India. As the Indian economy grows, sectoral spending across sectors will go up, thereby creating a new demand bank for copper. Copper being the base metal for any developing economy, cheaper availability will mean a higher demand. . For India, fall in Chinese demand for copper is a boon for its growth.

However, for India to benefit from falling Copper and metal prices, it needs to increase its exports and domestic consumption which is currently very low and subdued. It needs to increase its local consumption of metals which is currently very slow due to moderate economic growth and lack of execution of proposed investments in infrastructure development.

Going forward, we see India will increase its consumption as government will start spending on infrastructure development across states. After the thumping win in the Uttar Pradesh elections, the government would be spending a massive amount in development of infrastructure in this state alone as promised during the elections. With more states coming into the current government’s portfolio the overall expenditure would have a huge impact on the copper prices. Added to this is the 100 Smart City program of the government, where copper would play a key role in infrastructure development.

India with its tremendous potential can control metal prices as China slips. China still consumes half of world’s metals but this figure is on the decline. Countries like India can easily replace China if proper policies are implemented and executed by the Indian government.Ends.

Dena Bank Ties Up with Maruti Suzuki India Limited(MSIL) for Retail Financing of Manufactured Vehicles

(L-R) Shri C.G.Garg -(Sr. Vice President, Maruti Suzuki India Limited), Smt Jaya Chakraborty Dey - (General Manager, Dena Bank),Shri Omkar Nath -(Head - Maruti Finance ), Shri Ramesh S Singh - (Executive Director, Dena Bank ), Shri Gautam Shenoy – ( Manager , Maruti Suzuki India Limited) at the Dena Bank and Maruti Suzuki India Limited(MSIL) MoU signing ceremony.

Mumbai , May 26, 2017 (TGN) : Dena Bank entered into a tie up with Maruti Suzuki India Limited for retail financing of vehicles manufactured by MSIL in personal as well as commercial segment. Shri Ramesh Singh, Executive Director, Dena Bank, Shri Tarun Garg, Sr. Vice President, MSIL Shri Omkar Nath, Head, Maruti Finance and Senior Executives from Dena Bank had graced the MoU signing ceremony. In his address Shri Ramesh Singh, ED, Dena Bank envisioned a sustainable growth in Auto Loan Segment with this tie up and introduction of Dealers pay out scheme, recently introduced by Dena Bank.

Global uncertainty keeping Oil prices volatile: Could impact India’s budget deficit and growth

Alireza Moghaddam, Chairman, AMIDT Group

Mumbai, 24 May,  2017 (TGN) : The global economic scenario is going through turbulent times. The problems in the Middle East coupled with problems brewing up in South East Asia between North Korea  and USA could significantly impact the supply of crude, AM is reiterating its bullish call on crude oil, as the fossil fuel sits at four week highs following this week’s U.S. missile attack on Syria.

Keeping the above scenario in mind, leading analysts foresee prices to climb to the high of $60s within months — a nearly 20 percent move from current levels. That would translate to roughly a $1.80 gasoline spot price. According toanalysts summer driving season would give a boost to Oil prices and they do not expect oil prices to fall anytime soon”.

Crude initially jumped two percent as the news of U.S. airstrikes on Syria started coming before giving back some gains. The commodity settled up one percent on Friday to $52.24 a barrel, its highest settle in a month. However, crude is still down nearly three percent so far this year.

There is no immediate supply disruption threat, since Syria’s six-year-old civil war has moved the majority of local production offline. However, analysts pointed out a few wildcards, which include potential new strains between Russia and the Sunni Arab Gulf Cooperation Council (GCC) states, and whether the U.S. strikes could give hardliner candidates a lift in Iran’s presidential election in May. These situations could also propel prices higher.

All this uncertainty could have a dramatic impact on the budgets of Oil importing countries like India.  High  and volatile prices may lead to trade and fiscal imbalances, a crisis of consumer confidence and rising inflation, as well as a weakening  competition and the regulatory framework: while price volatility creates uncertainty in energy planning and investment, which affects economic growth. In light of the variation in the timing and duration of these problems—ranging from short-term hindrances to permanent changes in the macro economy—an effective solution calls for a multi-horizon strategy. The degree of demand elasticity for electricity and vertical integration in the sector influences how utilities are affected by high and volatile prices.

A country will, irrespective of its stand as an oil importer or an oil exporter, be affected by the uncertainty in oil prices due to its trade and capital-flow links with other oil-exporting countries. Moreover, international trade is affected by the uncertainty and volatility of oil prices in terms of increased risks facing both importers and exporters. The competitive advantages of both net-oil exporting and net-oil importing countries could fall quite substantially as a result of oil-price fluctuations.

A change in the oil-price level as well as its variability poses many challenges to a diverse range of actors in the global market: Governments and institutions meet increasing difficulties in predicting the oil price and reacting to its changes; financial institutions have put forth specific efforts to hedge themselves from the risks associated with variability in oil-prices; and globalization and international trade fares badly in times of large oil-price variability. While researchers have put much effort into refining the techniques for predicting the oil-price level, challenges to forecast it accurately still remains.

This sharp increase in the world oil prices is generally regarded as a factor discouraging economic growth. Particularly, during highs, when recorded in the world oil market brings apprehension about possible slump in the economic growth in both developed and developing countries.

The overall effect of changes and uncertainties in oil prices on the economy as a whole depends on many parameters, including a country’s position in the oil market, its degree of competitiveness, the very composition of its competitive advantage, as well as the specific nature of the oil price shock.

These price shocks have raised serious concerns among the policy makers all over the world. The adverse economic impact of higher oil prices on oil-importing developing countries is generally considered as worse than for the developed countries because of their more reliance on imported oil and as they are more energy-intensive.

Importantly, the effects of severe oil price changes do not have to be only negative. Low oil price opens up for the opportunity to “correct course” through investments in greener technology and energy systems. In this way, economies might be able to hedge themselves from the harm that oil price fluctuations make to their markets and economies — irrespective of their stand as oil consumers or oil importers — and simultaneously take steps towards building a new climate economy.

India as an oil importing country stands to lose during the volatile and high oil prices scenario. The Indian governments push towards investing in Renewable technologies like Solar and Wind are steps in the right direction. Not only would it reduce dependence on fossil fuels but also help reduce pollution which is a major problem in most Indian cities. India also has a high dependence on Atomic energy for power usage. A combination of Atomic and Renewable Energy would be the best solution for a country like India, where it would reduce its dependence on Oil and propel its economy toward the 7% plus GDP growth target.Ends.

The top 16 for the Red Bull BC One India Cypher 2017 have been chosen

B-Boy Flying Machine vs B-Boy Shawn - Photo By TGN

B-Boys from across Mumbai, Delhi, Bangalore and Kolkata will now battle in Bangalore on the 20th of May, to win the title of Red Bull BC One 2017 India Champion

May 19, 2017: After four intensive cyphers across Mumbai, Delhi, Bangalore and Kolkata, the top 16 B-Boys, who will now compete at the Red Bull BC One India Cypher in Bangalore on 20th May, have been selected. A number of returning faces from the first two editions of Red Bull BC One in the country, in 2015 and 2016, as well as a number of first-timers, battled it out over various rounds, until only a few remained. Among the top 16 are the two Red Bull BC One India Champions, B-Boy Abdul and B-Boy Flying Machine, as well as a number of previous top 16 contestants.  

Red Bull BC One All Stars Pelezinho, who has been to India on two previous occasions for workshops and showcases, and Wing, as well as star South Korean B-Boy Differ, who judged the last edition of the Red Bull BC One India Cypher, were judges.

The top 16

City	Name	B-Boy Name
Mumbai	Abdul Shaikh	B-Boy Abdul
	Arif Chaudhary	B-Boy Flying Machine
	Sagar Naidu	B-Boy Nevermind
	Vikram Sehua	B-Boy Flexx
	Karan Harishchandra Shelar	B-Boy Arttech
	Ramesh Anand Yadav	B-Boy Tornado
Bangalore	Bhuvanesh S.	Beast-T
	Shawn Mendes	B-Boy Shawn
	Anuj Muthreja	B-Boy Unwind
	Rahul Singh	B-Boy Rahul
Delhi	Pranjal Rawat	B-Boy Godhand
	Deepak Rawat	B-Boy Demon
	Vivek Nainwal	B-Boy Jin
	Kunal Gera	B-Boy Kemio
Kolkata	Solen Kashung	B-Boy Hip
	Prince Paswan	B-Boy Burst

Red Bull BC One India Cypher

Date: 20th May 2017

Venue: St John’s Auditorium, Koramangala

Time: 6pm onwards

The Judges:

PELÉZINHO: Among the leading B-Boys in Brazil, Red Bull BC One All Star Pelézinho (Little Pelé) was one of the surprises of the Red Bull BC One World Final 2005 in Berlin, making it all the way to the semifinals.

As a child, Pelézinho played football in the streets and was so good, people began comparing him to the Brazilian legend, Pele. He then encountered breaking in his hometown of São José do Rio Preto in 1995, at the age of 13, and began dancing shortly after.

Pelézinho's style is inspired by elements of the joyful "ginga" approach of Brazilian dance and attitude, which is acrobatic and powerful. He mixes techniques learned from capoeira and samba, a combination that rarely fails to leave opponents in his wake.

WING: A Red Bull BC One All Star and the 2008 Red Bull BC One World Champion, Wing has been dancing for more than half his life. He credits his brother, Skim, as being his biggest influence, and responsible for laying the foundations for him.

A well-rounded B-Boy, Wing likes to create highly detailed patterns of movement and incorporates complex choreography and flow into his dance, while including all the aspects of B-Boying from footwork, to freezes to power moves. He was christened Wing by a mentor, owing to the lightness of his flight-like moves.

DIFFER: Currently among South Korea’s most prominent B-Boys, Differ’s breaking career goes back close to 20 years, when he first discovered the art while in middle school. Four years later, he had won his first world championship at the UK B-Boy Championships. Also a finalist at the Red Bull BC One World Final in 2012, Differ has travelled the world with his talent, being involved in choreography, teaching, performances, training, event planning, performance productions, video production, design and more.

What is Red Bull BC One?

Red Bull BC One is a one-on-one B-Boy World Championship that was established in Biel, Switzerland, in 2004. Within the scene, it is widely regarded as the foremost competition of its kind, and every year, thousands of dancers compete in Red Bull BC One Cyphers – preliminary and national level competitions – across the globe, for a chance to compete at the World Finals and win the prestigious Red Bull BC One World Championship.

Over 90 Red Bull BC One Cyphers are conducted across the world, followed by one World Final. One of the biggest aspects of Red Bull BC One is to support and strengthen the communities and to open opportunities to the dancers to develop their skills and perform on a global stage.

Who are the All Stars?

The Red Bull BC One All Stars is a crew of – presently 11 – internationally renowned dancers who represent the best of the best in the B-Boying scene across the globe. They serve as ambassadors of hip hop culture, with their main goal being to give back to the community and share their wealth of experience and skills with the younger generation of dancers. They travel the world to teach workshops, judge competitions and battle, continually challenging and pushing the limits of B-Boying.

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For more information, please check: www.redbullbcone.com and www.redbull.in/bcone  

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