Sunday, September 25, 2022
Deepak Nitrite Demonstrates Strong Topline Performance with 35% Y-o-Y Growth
  SocialTwist Tell-a-Friend  

Editor's Synopsis:

Q1 FY2023 (Consolidated):

  • Revenue at Rs. 2,068 crore, up by 35% Y-o-Y
  • Topline growth achieved despite the loss of production at Nandesari unit, inflation in RM prices, elevated utility costs and supply chain disruptions
  • Value-added pipeline of products encompassing solvents, amongst others, including MIBK and MIBC projects approved by the Board
  • The operations of the Group have been merged and are reported under two business segments as per Ind AS 108, namely 'Advanced Intermediates' and 'Phenolics'

MUMBAI and VADODARA, India, Aug. 9, 2022 /PRNewswire/ -- Deepak Nitrite Limited ('DNL'), one of the fastest growing and trusted chemical intermediates companies in India, announces its financial results for the first quarter ended June 30, 2022.

The Company delivered resilient topline, and Revenue grew by 35% Year-on-Year (Y-o-Y), despite the unavailability at the Nandesari unit during the quarter, macro challenges like significant inflation in Raw Material (RM) prices, elevated utility costs and supply chain disruptions amongst others.

CMD's Message

Commenting on the performance, Mr. Deepak C. Mehta, Chairman & Managing Director, said,

"We are pleased to deliver a resilient performance this quarter enabling us to begin FY23 on an encouraging note with healthy topline growth. Stable demand and strong output, predicated on high plant efficiency served as the primary growth drivers. We continue to enhance our market position in several of our portfolio products.

We will continue to focus on extending our product portfolio by graduating new products from our R&D pipeline. We are confident that our growing footprint across established and new chemistries will enable us to sustain the key momentum.

Given the increasing demand in the market on a worldwide scale, we predict healthy growth for India over medium-to-long term. The Company is well positioned to capture incremental demand and profit from the country's growing trend of import substitutions. The exciting pipeline of products encompassing solvents, amongst others, including MIBK and MIBC projects approved by the Board will enable us to capitalize on this trend.

Our teams are applying themselves round the clock to overcome the setback from the unfortunate fire incident at Nandesari. Work at the affected unit has been taken up expeditiously and resumption of production is expected soon.

A robust financial position, deep client relationships and considered growth investments place us well to elevate our business proposition."

Key Developments

Update on Fire Incident

  • On June 2, 2022, an unfortunate fire occurred in the warehouse section of the manufacturing facility at Nandesari, Gujarat. This incident led to damage of certain property, plant and equipment, inventory and has interrupted business. Following checking and certification of structural stability of plants and buildings at the facility and upon receiving directions from various authorities, operations have resumed in a phased manner in most sections except for affected areas of Nitrite Section
  • Activities to resume operations at affected areas have already been taken up and the teams are working towards comprehensively completing the pre-commencement preparation within the shortest possible time frame.
  • The Company is adequately insured for reinstatement value of damaged assets and loss of profits due to business interruption. The Company has lodged claim of this incident with the insurance company and the survey is currently ongoing

Merging of Strategic Business Units (SBUs)

  • Owing to increasing number of facilities catering multi-products, integrated production processes, similar economic characteristics of products and business scenario, the Chief Operating Decision Maker (CODM) evaluates the performance of the Group as two business segments and allocates resources based on value generated from these segments. Accordingly, the operations of the Group have been merged and are reported under two Business Segments as per Ind AS 108, namely:

                   1. Advanced Intermediates
                   2. Phenolics

Update on QIP

  • The Company has completed all preparatory activities for launch of QIP. The Company is assessing market conditions for an opportune time to launch the offering. The proceeds will be deployed towards growth capex as approved by Board of Directors

Performance overview & other highlights

  • In the backdrop of volatile prices, continued challenges with logistics and sharp fluctuation in forex rates, the Company has reported a resilient performance which was premised on diversified product portfolio with deep capabilities to meet customers' needs. There was also one-off impact due to fire at the Nandesari Facility
  • Finished goods pricing has been passed on in most key products with further actions to be undertaken in certain products with some lag. The Company continued to witness significant price increases in key raw materials which impacted the margin
  • Post the fire incident, all plants are running at full capacity as per permissions given by statutory bodies as of July 2022, except SNI/SNA which is currently operating at 50% capacity; this will move to 75% by mid-September and is expected to be fully operational by October 2022
  • Total of â‚ą 210 crore has been invested in Deepak Chem Tech Limited (wholly owned subsidiary) till date, of which â‚ą 20 crore was invested in Q1 FY23
  • Q1 FY23 was witness to high volatility in exchange rate (â‚ą/$), resulting in fluctuation of 5.33% (highest at 79.00 and lowest at 75.00). The Company resorted to dynamic hedging strategies to reduce risk of forex volatility, which yielded â‚ą 2.16 crore of exchange gain
  • The Company achieved 44% ROCE for Q1 FY23, while attaining more than 30% in each of the last 10 reported quarters
  • The Company continues to be debt free with a sizeable net worth of â‚ą 3,573 crore on a consolidated basis. This will help to leverage the balance sheet for future expansion activities
  • The Captive Power Plant at Dahej, with a capacity of 29 MW, commenced generation in May 2022. The availability of captive and reliable power supply will enable operating plants at higher efficiency on sustainable basis

Financial Highlights (Consolidated)

Q1 FY2023 Vs. Q1 FY2022 (Y-o-Y)

  • Revenues were up by 35% to Rs. 2,068 crore in Q1 FY23. The Company demonstrated resilient topline performance by traversing through several challenges like significant inflation in RM prices, elevated utility costs and supply chain disruptions amongst others. This performance was achieved despite unavailability of the Nandesari unit for part of the quarter due to fire incident at warehouse
  • EBITDA stood at Rs. 366 crore in Q1 FY23. Due to dynamic operating environment characterized by force majeure in global gas supply contracts, rising cost of power in Europe leading to plant shutdowns and stringent anti-COVID measures implemented by Chinese Authorities, there continues to be sharp rise in global prices of inputs which has impacted the EBITDA margin. Moderation in EBITDA margin is also due to higher utility costs, increase in freight and logistics costs as well as impact from return of business overheads which had been compressed last year owing to subsequent waves of pandemic
  • PAT stood at Rs. 235 crore in Q1 FY23. PAT performance mirrored the trend in operating performance. Reduction in debt and consequently lower interest cost has aided the PAT. Increase in other income due to yield on surplus funds invested has also contributed. The Company has been constantly undertaking steps to reduce its overall costs and increase manufacturing efficiencies to elevate the profitability

Performance Highlights

Segmental Performance – Q1 FY2023 Vs. Q1 FY202 (Y-o-Y)

  • Advanced Intermediates: High exchange rate volatility was witnessed during the quarter, in addition to steep inflation in key inputs. Despite the volatile global trade backdrop, DNL has delivered strong revenue growth supported by realization gains for key products. Profitability was not commensurate with the revenue growth chiefly because of two factors - rising input prices and lag effect in passing on the prices to customers. Margins will improve in the ensuing quarters as periodic repricing of products is regular business process
  • Deepak Phenolics: Strong top line performance steered by volume gains and maintaining customer wallet share across key products supported by the significant achievement of the plant clocking average utilization of ~129%. The normalising realization of joint product Acetone in relation to prior period where pricing was exceptionally high with respect to delta over feedstock has impacted the margin. The sharp rise in input prices which are to be passed on combined with higher cost of coal resulting in more than doubling of utility costs have also impacted margin performance. The demand trajectory remains solid, and the Company is well poised to realise incremental gains in this segment through timely introductions of downstream derivative products of phenol and acetone

Update on Projects

  • In order to enhance its backward integration capabilities, the Company has proposed to add new capacities of key raw materials. This will not only ensure stable supply of key inputs, but also offer margin advantage
  • The Company is also expanding its capacity for captive treatment of waste. This will lead to reduction in procurement of the targeted chemical from the open market and is expected to be commissioned in Q3 FY22
  • Brownfield expansion of key products are underway, and commissioning is targeted post completion of captive waste treatment facility mentioned above
  • For various projects under implementation at new site at Dahej, engineering and other works as well as formalities are ongoing towards introduction of various derivatives of Phenolics products


  • DNL will tend to significantly gain from immense opportunities unfolding in the sector through 'Make in India for the World' initiative as well as strong recurrence of China+1 strategy
  • Moreover, Rs. 15 billion worth of projects lined up by the Company across key product lines, is a testament to Company's focus on continued growth and profitability in medium-to-long term, and sustained shareholder value creation
  • The Company will continue to be a partner of choice for leading Indian and global conglomerates by leveraging deep chemistry expertise and robust manufacturing set-up
  • The Company is well poised to drive incremental gains across both the segments on the back of scheduled commissioning of key projects in this and next financial year. These projects encompass:
    • Brownfield expansion of select products
    • Strengthening backward integration capabilities of key inputs which will also enhance margins
    • Value-added downstream derivatives of Phenol and Acetone including solvents
    • Adding new chemistry platforms of photo chlorination and fluorination

About Deepak Nitrite Limited

Deepak Nitrite Limited (NSE: DEEPAKNTR) (BSE: 506401),  India's fastest growing Chemical Intermediates company, has a diversified portfolio that caters to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home, and personal care segments and petro derivates intermediates - phenolics, acetone and IPA in India, and overseas. Its products are manufactured across six locations, which are all accredited by Responsible Care. Focusing on a Triple Bottomline principle of People, Planet, Profit, Deepak Nitrite Ltd. deploys globally benchmarked standards & systems, we are now accredited 'Silver Rating' by EcoVadis in 2022, for sustainability initiatives.

For further information, please contact:

Dipti Agrawal
Head, Corporate Communications

Sumantra Basu
+91-9820393696 | +91-7573949181
Manager, Corporate Communications & Affairs

More News by PR Newswire India

Huawei Hosts the 9th Global Rail Summit in Berlin

Campus With A Conscience hosts a-week long SDG festival

Woxsen University spearheading the internationalisation of higher education in the region through brand new initiatives

Huawei Hosts the 9th Global Rail Summit in Berlin

Campus With A Conscience hosts a-week long SDG festival

Woxsen University spearheading the internationalisation of higher education in the region through brand new initiatives

Titan.ium Platform's 3G/4G/5G Signaling Core and Private Networks to Showcase at MWC 2022 Las Vegas

CATL inks multiple deals with OEMs at IAA Transportation, strengthens commitment to electrification of transportation

Huawei Launches FRMCS Solution to Facilitate Digital Transformation of Railway

Improving Safety Performance with technology, GWM HAVAL JOLION, WEY Coffee 01 and ORA FUNKY CAT Awarded Five-star Safety Ratings

Xinhua Silk Road: Experts forecast upcoming burgeoning period for China's NEV industry

Huawei Releases the Striding Towards the Intelligent World - Data Storage White Paper

Arogya World wins the prestigious UN award for initiative against NCD

Biswananth Sinha IAS is the new Additional Chief Secretary to the Kerala Finance Department

Huawei and Partners Explore How Technology Can Enable a Sustainable Future at HUAWEI CONNECT 2022 Bangkok

Bausch Health and Glenmark Announce the approval of RYALTRIS® in Canada

S&P Global is among India's Top 50 Best Workplaces™ for Women in 2022

FP Markets claims a hat-trick of awards at the 2022 Global Forex Awards

Return To Normalcy And Pent-Up Demand Have Bangaloreans Most Optimistic About Festive Shopping This Year - Benori Knowledge Reports

Terry Bradshaw Ranch Back on Open Market after Previous Buyer Fails to Fund and Close

AirCarbon Exchange Wins Environmental Finance's Best Carbon Exchange Award for 2022

Cultural Development Fund highlights Saudi Arabia's cultural initiatives during Priority Summit in New York

Qatar Museums Announces Exchange of Exhibitions, Programs, and Scholarly Cooperation with The Metropolitan Museum of Art in New York

Vantage wins three awards at the Global Forex Awards 2022


KPMG in India unveils a search for innovative startups seeking to address the energy trilemma: the challenge of ensuring secure, affordable and sustainable energy

Ethos Limited Brings the Prestigious Grand Prix d'Horlogerie de Genève (GPHG) To India

Sinopec Receives Airworthiness Certificate for China's First Large-Scale Production of Bio-jet Fuel

Zoomlion Celebrates 30th Anniversary, Highlighting Global Commitment to Social Responsibility

NMIMS School of Commerce graduates were awarded degrees during a two-day convocation ceremony at Mumbai campus

Sennheiser adds to the festive cheer; announces massive discounts during the Amazon Great Indian Festival Sale

PayU successfully tokenizes 50 million+ cards, providing a one-stop tokenization solution with Token Hub

National Engineering Industries Ltd. opens Global Technology Center in Germany through its subsidiary NBC Global

Unilumin Sports and Manchester City Football Club continues global partnership

One of Pune's Most Exclusive Developer Meet, organized by BeyondWalls, brings together Industry Leaders as they gear up for the upcoming festive season


Dow's INNATE(TM) TF-BOPE resins enable Lion Corporation to launch recyclable refill bags for shower cream in Thailand

Daejeon O-World, a fantasy world revived with cutting-edge science and technology that pioneered VR for the first time in the Republic of Korea

Empire State Realty Trust Reaches Carbon Neutrality for Commercial Portfolio

Fluidra Appoints Lennie Rhoades as New President of Fluidra North America

SHEIN Announces Its Rock The Runway: SHEIN for All Fashion Show Featuring FW22 Collections

Deltek Celebrates One Year Anniversary of ArchiSnapper Acquisition, Highlighting the A&E Field App's Expansion into North America and Continuous Feature Development


ViewSonic's New M1 Pro Projects in 360 Degrees with a Flexible Smart Stand

Koç Group Calls for Bold Action to Tackle Gender Inequality

Swarovski Foundation Announce Latest Creatives For Our Future Grant Recipients During A Reception At The United Nations Headquarters

The Talented Music Producer Kurt Hugo Schneider Produced An Optical Illusion MV with GIGABYTE 4K Monitors

Global rollout of electric vehicles depends on creating right framework for investment, says Arcadis

World's Leading Consumer Goods Companies Put Transparency and Transformation at Forefront of Latest Deforestation Report

Tether and The City of Lugano Announce 1 Bitcoin prize for Plan B Forum Ticket Holders

BlackBerry Applauded by Frost & Sullivan for Its Innovative Mobile Threat Defense Solution and for Incorporating Mobile Threat Defense into Endpoint Management


IMBesharam invests in Sangya Project to deliver on its Make in India promise

Valuebound enables pharma and healthcare Digital transformation


TĂśV SĂśD inaugurates enhanced Seafood, Spices and commodity testing laboratory in Visakhapatnam, India

MOVIN expands its network to 28 cities, adds a new strategic hub in Mumbai

LiveU Applauded by Frost & Sullivan for Revolutionizing Live Video Streaming and Remote Production with Its 5G Video Solutions

BY-XM6 Mini: BOYA Announces A New Version of 2.4GHz Wireless Microphone System

IFC backed Global SME Forum awards U GRO Capital 'Financier of the Year for Asia (Silver)' in Cambodia

Secret Haircare Unveils Its First Ever Hair Conditioner

Mumm announces its collaboration with Axiom Space: Mumm Cordon Rouge Stellar champagne, a symbol of our culture, will embark on future human space flights


Sennheiser kickstarts the festive season with massive discounts during the Amazon Great Indian Festival Sale 2022

Trina Solar maintains 'AAA' ranking in PV Tech Q3'22 Bankability Report

Leading shipping banks and marine insurers pave the way for 1.5-aligned emissions benchmarking

Explurger App Downloaded by 1.3Million Users and Expands Footprint to 50+ Countries in Less Than 3 Months

Global Youth Multicultural Forum "Dreams of Youth, Together to Growth" China-Greece Event

CATL and FlexGen Sign 10GWh Multi-Year Battery Energy Storage System Supply Agreement

SPJIMR to be a knowledge partner to Government of India's Capacity Building Commission

Crypto tax reporting app, Binocs, raises $4mn seed capital

SMA to showcase its Technological Innovations for Energy storage with Grid Forming Capability at Renewable Energy India Expo 2022

Frost & Sullivan Explores the Growing Impact of the Digital Front Door on Healthcare

Growth of Sustainable Farming Practices Drives the Agricultural Biologicals Market

Clarivate Supports Peer Review Week by Raising the Profile of Peer Reviewers

Orange and Netskope partner on carrier-class connectivity and SSE services for a secure, cloud-smart platform

Wind energy industry warns: actions not words needed from governments to address energy security and climate crises ahead of COP27

K Raheja Realty pioneering sustainable and community lead development for generations together

Upsurge in International travel amongst Indians, Dubai emerges as hot favourite - Thrillophilia

TerraPay and NPCI International collaborate to drive seamless merchant payments via UPI-enabled QR codes

CGTN: Major-country diplomacy benefits the world-at-large

Pini Group acquires Italy's Geodata, which operates in more than 20 countries around the world, and enters the field of Hydropower at a key moment for the energy sector worldwide

Omdia: The semiconductor market's slowdown picks up speed

TIAA Global Business Services India appoints Oindrila Majumdar as new CEO

Sims Limited Earns 2022 Brainier Customer Excellence Award

Extreme Heat Reduces Labor Outputs by 25% for Outdoor Workers in New Delhi Today, Economic Losses Climb to 30% by 2050

Supermicro Delivers Second-Generation NVIDIA® OVX™ Computing System for 3D Collaboration, Metaverse, and Digital Twin Simulation, Powered by the New NVIDIA L40 GPU

Gates Foundation Announces $1.27 Billion in Health and Development Commitments to Advance Progress Toward the Global Goals


Shipping taking promising first steps towards 2030 breakthrough goals on scalable zero emission fuels

CATL to Highlight Advancements in Energy Storage Solutions at RE+ 2022

California Condor, an Estonian band, has released a historic video dedicated to two former band members who passed away too early


HH Global continues our success in the Beverages industry, having been awarded a multi-year contract with industry giant Bacardi.

Huawei Intelligent Cloud-Network, Unleashing Industry Digital Productivity

Huawei Released the White Paper "Data Storage Power - The Digital Cornerstone of High-Quality Society Development"

Plintron Americas Expands Relationship with T-Mobile

Huawei Launches Storage Portfolio to Find the Right Technology for the Right Scenario

InEight's focus on standardization and benchmarking in software Innovations Update drive increased efficiencies and improved project confidence

Bambu offers Wealth Management Predictive Planning Solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales


Industry leaders back plans for zero-emissions aluminium, ammonia and steel

Algorand Appoints Michele Quintaglie as Chief Marketing Officer

Johnson Controls Applauded by Frost & Sullivan for Offering Enhanced Performance and Reduced Energy Consumption through Its Connected Chiller Solutions

Fragomen Announces New Leadership Poised to Take Firm to New Heights

Reimagine growth with 5G -ready Comviva Digital Business Solutions Powered by the Microsoft Cloud

Iridium Announces Operation Pacific Waves

Arity Awarded by Frost & Sullivan for Enabling Data-driven Business Decisions and Reducing Costs With its Vehicle Data Solutions

Ribbon Optical Networking Solution Honored In 2022 Diamond Technology Reviews

Huawei: 5.5G is a key milestone on the path to an intelligent world

JDRF Announces Launch of Global Type 1 Diabetes Index

Bitget offers exclusive bonuses to support Zero Fee Trading

Heads of State Commit to Noncommunicable Disease Global Compact to Save 50 Million Lives by 2030

Xinhua Silk Road: S.China's Nanning Qingxiu district strives to build convention, exhibition industry cluster area

Securing position in global electric vehicle battery sector

Cellenkos Receives FDA Clearance of Investigational New Drug (IND) Application for CK0803 for the Treatment of Amyotrophic Lateral Sclerosis (ALS)

Indian Women should Cross the Threshold and be a part of the Corporate Governance Ladder: Smt. Nirmala Sitharaman

iMocha to Present its Latest Innovations in Skills Intelligence and Assessment at the TM Forum's Digital Transformation World (DTW) 2022, Copenhagen

Frost & Sullivan Awards DCI Indonesia with the 2022 Indonesia Company of the Year in the Data Center Services Industry

Azure Power Announces Appointment of Shweta Srivastava as Chief Human Resource Officer

This Festive Season, Celebrate with Youforia - an Experiential Business Gifting Initiative by Xoxoday

Ivory Dentin Graft™, the First and Only Dentin Graft, Receives CE Mark

Samsung India Announces Top 10 Teams of its Solve for Tomorrow Innovation Competition; These Young Innovators Will Now Battle it Out for INR 1 Crore in Grants & Turn Their Ideas Into Action

ViewSonic Participates at DIDAC India Displaying Cutting-Edge Technology and Collaborative Solutions for Education

Starburst Advances Data Product Functionality to Serve Cross-Border Use Cases

Bin Yousef Cargo Brings Outstanding Shipping Solutions Powered by 37 Years of Logistical and Operational Excellence Around the World

Clarivate Reveals Citation Laureates 2022 - Annual List of Researchers of Nobel Class

Certif-ID International GmbH partners with Apollo Hospitals Group to train and source nurses for the German market

Ajax Systems will unveil new products at Special Event: Comfort zone, October 11

RateGain selected by Sonder Holdings Inc. to Expand Corporate Travel Access on the Global Distribution System Joins Dubai's DET to Ensure Dubai has 25 Million Visitors by 2025

Huawei Intelligent Cloud-Network, Leading Digital Innovation

Excelra partners with Patcore, Inc.

Omdia: Cover lens module market to encounter its first ever shipment decline in 2022


Gates Foundation Honors Four Leaders With 2022 Goalkeepers Global Goals Awards for Their Inspiring Efforts to Drive Progress for All

Preqin Hires Former Bloomberg Data Leader

Eyeing Indian Insurance Market, LivWell Asia Wins Seat to Bag Flipkart's Venture Investment

Amare Global Announces Acquisition of Kyäni, Inc.

Master of Theology in Spanish

CJ 4DPLEX and Cinemark Announce Launch of ScreenX Auditoriums in Select U.S. Theatres

China International Book Trading Corporation's Reading China Series 2 focusing on China's Path of High-quality Development

PNY Introduces Next Evolution NVIDIA GeForce RTX 40 Series GPU's

ZOTAC GAMING Announces the GeForce RTX 40 Series PowerED BY the next generation GPU ARCHITECTURE

Supermicro Expands Its NVIDIA-Certified Server Portfolio with New NVIDIA H100 Optimized GPU Systems; New Servers Boost AI Training Performance by up to 9x

CATL showcases all-scenario solutions and services for commercial applications at IAA Transportation 2022

Education Cannot Wait Calls for US$1.5 Billion in Urgent Funding to Reach 20 Million Crisis-Impacted Children

GIGABYTE Launches Latest AORUS Graphics Cards Based on NVIDIA GeForce RTX 40 Series

For second year running, LUXASIA wins Best Managed Companies Singapore Award by Deloitte

Ecobat Appoints New Chief Financial Officer

CSS Corp Rebrands to Movate to Signal its Transformation

Aon and Revalue Nature to Accelerate Global Decarbonization Efforts

Xinhua Silk Road: SEG Solar to establish 2GW PV module manufacturing facility in Texas, U.S.

CIOs say data management is critical for successful AI adoption in new global research report by MIT Technology Review Insights

India's Iconic newspapers The Hindu and businessline unveil new design


AmplifAI Earns Frost & Sullivan's 2022 Competitive Strategy Leadership Award for Its Advanced Performance Enablement Solutions

Inaugural NFT Day Brings Together Web3 Global Industry Leaders to Commemorate the Invention of the Non-Fungible Token

2022 .ORG Impact Awards Finalists Named

Redpanda Introduces Redpanda Console, a Powerful, Secure Web UI for Debugging and Managing Real-Time Clusters

In moment of global unrest, dozens of global leaders, activists, and artists join 10-hour global event, Peace Day Live 2022

Huawei Actively Explores F5G Evolution Practices to Reshape Industry Productivity

Bariatric Surgery Opens the Door to a Healthier Life: Say Patients

35 CPEs OpenSync-Certified and Available for Deployment

Dimagi receives $25 million to develop transformative technology for Frontline Workers

Serena Williams to Keynote Globalization Partners' Second Annual PANGEO Global Employment Conference

Opto 22 Earns Frost & Sullivan 2022 Enabling Technology Leadership Award for Its Unrivaled Industrial Automation Solutions

Paritel Selects Ribbon to Comply with French Government Mandate to Combat Robocalls, Fraud, & Call Spoofing

Valqari Acquires IDU Group, Creating World's Most Comprehensive Drone Delivery Infrastructure System

Frost & Sullivan Recognizes GlobalSign with the 2022 Global Competitive Strategy Leadership Award in the Holistic TLS Certificate Market

HAVAL H6 GT Makes an Impressive Appearance, GWM Sponsors Rugby World Cup Sevens 2022

Vantage announces partnership with UNESCO to support education initiatives In India

BCI Leads Significant Investment in Authority Brands

New movement launched for young people to shape the future of education

Sinopec Releases 2021 CSR Report, Underlines Clean Energy, Sustainability and Sharing Fruits of Development with Society

Jacqueline Shi: Huawei Cloud Stresses "By Local, For Local" to Drive Digital Transformation

IaaS platforms to play a key role in simplifying compliance and reducing risk in card issuance space: Cashfree Payments Report

Menarini and SciClone Sign Exclusive Licensing Agreement to Develop and Commercialize Vaborem® in China to Treat Antimicrobial Resistant Infections

Huawei Spark Founders Summit Kicks off in Bangkok to promote startup ecosystem

Largest-ever global study reveals high consumer demand for more news on religion and faith, along with roadblocks among journalists and editors

Zerocap offers an ETH structured note as software upgrade drives volatility

GITEX GLOBAL 2022 takes over Dubai with record capacity, accelerating world's digital economy

Huawei Released the White Paper Data Storage Power - The Digital Cornerstone of High-Quality Development

IBM Study: Supply Chain Leaders Are Investing in AI and Automation to Navigate Supply Chain Uncertainties and Improve Sustainability

Envision Selected as Turbine Supplier for India's Largest Hybrid C&I Renewable Energy Project

Chengdu boosting efforts for trade in services sector

Methuselah Foundation Unveils ELONgevity Protection to Support Human Longevity Initiatives, Provide Access to Promising Experimental Therapies

Convocation and Felicitation Ceremony by Construction Skill Development Council of India

Huawei Proposes "One Cloud, One Network + Public Services" for National Digital Infrastructure Construction

Insights-X stationery industry fair: an attractive programme for the trade

Colt DCS Applauded by Frost & Sullivan for Delivering Operational Efficiency and Value to Customers in the Data Center Infrastructure and Operations Industry

Applied Cloud Computing partners with Snowflake to expand its data capabilities

China International Book Trading Corporation's Reading China Series 1 focusing on the Concept of a Community of Shared Future for Mankind

Sonata Software Achieves the Microsoft Business Applications 2022/2023 Inner Circle award

Global Aircraft Tire Market Growth Driven by the Recovery of the Aviation Industry

LyondellBasell Named to the FTSE4Good Index

Madhav Kamath declared champion of Collins National Spelling Bee 2022

DP World wins latest judgement in Hong Kong Court over Djibouti concession

CloudSense enables next-generation telecommunications eco-systems with TMF open systems standard

Thailand's Pet Food Producers on a Mission to Please Pet Owners and 'Pet Parents'

Unthinkable Solutions wins silver at MUSE Creative Awards 2022 for Fimbre - their Community App

Luxury Fashion Retailer Aashni and Co partners with N7 - The Nitrogen Platform to enhance Shopping Experience for its Customers

Huawei to invest $300mln in Empower Program to Support Global Partners

Marquee Dental Partners and HealthEM.AI Team up to Drive Reimagined Dental Care Experience

Straive bags 'Brand Revitalization Award' and 'Best Multichannel Integrated Campaign Award' at CMO Asia Awards 2022

Unstoppable Rise of Korean Medical Tourism

Power for All Distributed Renewable Energy Job Report Sees Strong Post-Pandemic Growth

CGTN: China takes concrete action in boosting global economic recovery

Huawei Cloud Summit in Bangkok: Driving the Leapfrog Growth of the Digital Economy with Cloud Native

OLECTRA bags order from Thane Municipal Transport Undertaking

Crowley and Eastern Pacific Shipping Partner with Long-term Charters for Four LNG-Fueled Containership Newbuilds

Club dVIN Announces Historic Opportunity to Participate in Bhutan's First Wine Harvest

Huawei, ASEAN Foundation call for collective actions in APAC digital talent cultivation

Cashfree Payments conducts first ever hackathon 'Switch On' to foster culture of innovation and collaboration

Huawei Asia Pacific ISP Summit: Shaping an All-Optical, Intelligent Internet for 2030

Gush Beauty, The Viral Gen-Z Beauty Brand that's putting joyful makeup first

HistoSonics Announces Published Results of Phase I Liver Tumor Trial

Altair Announces Release of Simulation 2022.1 Software Update

Xinhua Silk Road: Silk Road Maritime important bond for boosting "dual circulation"

Xinhua Silk Road: Silk Road Maritime blue book 2021-2022 unveiled during Silk Road Maritime International Cooperation Forum

Oxford University Press Celebrates 110 Years in India

Xinhua Silk Road: Chinese liquor maker Wuliangye shines at 19th China-ASEAN Expo


Azure Power Signs Agreement for 600 MW of First Solar's High-Performance Modules

Best-in-Class Companies focused on Sustainability and Growth Excellence Earn Enlightened Growth Leadership Recognition from Frost and Sullivan Institute


Huawei Releases White Paper on Opportunities for Digital Transformation of Education to Explore Intelligent Education Maturity Assessment Model

Cashfree Payments becomes ISO 27017 and ISO 27018 certified organization

The Global Aquaculture Market Witnesses Growth as the Demand for Protein Surges

First HUAWEI CONNECT Outside China: Huawei Cloud Innovations Go Global

From Years to Just One Month: Huawei Cloud's Pangu Drug Molecule Model Accelerates New Drug Discovery

Huawei Cloud Unveils "Go Cloud, Go Global" Plan to Promote Innovation Ecosystem

Huawei Connect 2022 kicks off in Bangkok to explore unleashing digital productivity

Johnson Controls commits to long-term business presence and expansion in India

Edelweiss Wealth Management selects AppSealing to strengthen app security for its wealth management app

Black Box Recognized as Juniper Mist AI-Driven Enterprise Partner of the Year; and Overall Enterprise Partner of the Year by Juniper Networks

Huawei Cloud to empower 10,000 startups in 3 years

Ontario Teachers' Acquires a Co-Control Stake in GPA Global

International students conclude their participation in Global AI Summit to attract global capabilities

MIT Solve Selects New Class of 40 Tech-Based Social Entrepreneurs Addressing Global Challenges with over $2 Million in Funding

MagicTouch SCB receives IDE approval for In-Stent Restenosis indication

Who is Hussain: World Record Smashed as British Charity Recruits over 37,000 Blood Donors On Single Day

Autel Robotics Kicks off Brand Day with Autel Flight Club Video Contest

Skyborn Renewables Launches as a Leading Company in Global Wind Power

University of St. Thomas-Houston Expands Global Footprint

The Global AI Summit Wraps Up in Riyadh, Reaffirming Saudi Arabia's Growing Stake in Shaping the Future of AI

The Fifth CIIE is to broaden scope for Belt and Road Countries

LambdaTest Announces $250,000 Grant for Open-Source Developers and Projects Working on Testing Frameworks/Tools

CGTN: Samarkand summit: What China has proposed to boost SCO unity, cooperation

Global Times: Xi's key visit to C.Asia shows China's strategic vision, charms SCO summit with 'hopes, opportunities and certainty'

Adani becomes India's second largest cement player

Altair Announces Completion of Acquisition of RapidMiner

Offering Insights into Global Finance in Jeollabuk-do, a Regionally-Driven Global Economic Network

Empowered by GWM L.E.M.O.N. DHT, the New Energy Model HAVAL H6 HEV Makes its Debut at Rugby World Cup Sevens 2022

Preserving Indian Heritage in the Arctic

Seva Diwas: Massive response to Chandigarh Welfare Trust's Free Mega Multi-Specialty Health Check-up Camp; more than 10,000 Citizens register so far

CGTN: China offers solutions to fix deficit in global security, development

iNeuron collaborates with S Chand to upskill students of MGU University, Kerala in technology-driven courses

ViVitro Labs Introduces World's first "Set it and forget it" Heart Valve Durability Tester

S Chand signs an agreement with Mahatma Gandhi University, Kerela, to upskill students in technology courses

The fourth ORBIS School enhancing international collaboration on pharmaceutical innovations was held in Prague

MeitY Startup Hub and Meta selects IIIT Hyderabad Foundation (CIE) as the implementation partner from the southern zone for the XR Startup Program

Online Ethnic Apparel Retailer Avishya ties up with N7-The Nitrogen Platform for Superior Customer Experience

After Divestment, HGS Healthcare Becomes Sagility, Unveils New Brand Identity

Vasant Classic Garam Masala: Mix of 17 Healthy & Pure Spices is gaining market share

Office leasing in Pune recovering and inching towards 5.5 million sq feet in 2022: Colliers


DigiBoxx Appoints Roshan Thapa as Chief Financial Officer

Guian New Area embraces digital economy to help build a strong provincial capital of Guiyang

What to expect from Huawei Connect 2022 in Bangkok

Transforming Education, Transforming The World

Atlas Raises Series B Strategic Investment of up to $200 Million from Sixth Street Growth

New Research: The Evolving Needs of the Asian Retail Investor

UN Women's HeForShe Summit calls on all men to act now to achieve gender equality

p-Chip Corporation Introduces First-of-its-Kind p-Chip Code Tracker to Revolutionize QR Code Security

World's best bartender announced: Adrián Michalčík representing Norway is awarded the title of world's best bartender at the Diageo World Class Global Bartender of the Year competition

PM meets major film studios to discuss development of Mongolian film industry

Prodigy Technovations announces industry-first AC/DC electrical validation solution for SD Card and eMMC Devices

World-class level of security and sustainability: Creating synergy between VIVOTEK's total smart IP surveillance solution and USGBC LEED Gold-certified DET Plant 7

CX work is becoming more flexible and specialized in a bid to tackle "people paradox," says MIT Technology Review Insights

Recorded Future Intelligence Cloud Adds Okta Integration

Adyen selected as first financial technology platform to launch Cash App Pay

JA Solar Awarded Highest AAA Rating in PV ModuleTech Bankability Rankings

Marley Spoon Selects Movable Ink for Scaled 1:1 Content Personalization

Sirtex Medical secures positive approval of SIR-Spheres® Y-90 resin microspheres for HCC treatment in Brazil

STL receives 'Zero Waste to Landfill' certification for all its manufacturing facilities in India and Italy

Patagonia chooses Naia™ Renew ES for its low-impact line of work tees



axio sees 200% growth in consumer credit business over past year as asset quality holds steady

Huawei Cloud Pledges to Build Global Startup Ecosystem, to Enable 10,000 High-Potential Startups in Three Years

Altair Announces Future.Industry 2022 Global Flagship Event with a 99.95% reduction in energy consumption, "The Merge" is a historic and ecological success for Ethereum, the reference cryptocurrency for Artprice and for the art-NFT market

VyOS Gets Featured as a Fast Mover and a Challenger in GigaOm Radar for Network Operating Systems

Visit Singapore's Iconic and "Best Looking"* Food Hall Lau Pa Sat for an Authentic Taste of Singaporean Favourite Food and products

Godrej Aer Smart Matic activates freshness zones at Lalbaugcha Raja Ganpati Pandal

Food Pioneers Sophie's Bionutrients And NewFish Join Forces To Develop Dairy Alternatives From Microalgae

Locus Robotics Passes One Billion Units Picked

Lam Research Opens New State-of-the-Art Center for Engineering in Bengaluru, India

BioWorld by Clarivate Adds Laser-focused Preclinical Research News into New Fully Integrated Platform

With 1 lakh happy diners in the first six months, Pisco by the Beach ranks amongst the most popular dining destinations in Goa

Hipi creates the longest chain of songs for a short video platform


Mobileum Cited as a Representative Vendor in the 2022 Gartner® "Market Guide for CSP Service and Network Assurance Solutions"

Indus Towers is 1st to receive CII-WAREX Titanium rating for five warehouses

Response Plus Holding PJSC (UAE) expands into India as Response Plus India Pvt. Ltd.

GenScript Receives Best Cell & Gene Therapy Supplier Award: Gene Editing and GenScript ProBio Receives Best Biologics CMO Awards: Upstream Processing & Analytical Services

U'khand murder case: SIT to probe Ankita...
21 TMC MLAs in touch with me, claims BJP...
Accused pressurised Ankita to provide 's...
Cong seeks chairmanship of at least one ...
Congress appoints Manoj Yadav as AICC Jo...
Leadership change in Rajasthan: Congress...
 Top Stories
Noah Centineo is back on Netflix, t... 
Japanese GP: Miller dominates as ma... 
Philippines on red alert, braces up... 
Study: Avoidable hospitalizations f... 
Pakistan: More audio clips of rulin... 
Huge quantity of illicit liquor sei... 
Samsung patents new facial recognit... 
My international career took off af...