Wed, 21 Oct 2020

Mumbai (Maharashtra) [India] September 29 (ANI/NewsVoir): Baidyanath family picks-up a 1.74 per cent stake in Vikas Multicorp Ltd. According to sources, Alintosch Pharmaceuticals Pvt Ltd, reportedly a Baidyanath group company, bought 1.16 crore shares from the open market amounting to 1.74 per cent stake in VML.

VML has recently announced its foray into the FMCG space. Sources indicate this may just not be a financial investment transaction but, maybe something more between the two groups by way of joint projects is on the way.

Sources indicated this might be a business relationship wherein both the partners will enter into some sort of joint business utilizing each other's key strengths. Also, this might not be the end of the stake purchase by the Baidyanath group in VML and they may look to increase it further.

BSE and NSE listed Specialty chemicals firm Vikas Multicorp Ltd had earlier announced that it had constituted an Advisory Board consisting of eminent personalities with the purpose of providing guidance and act as a sounding board to the senior leadership team in the company including the Board of Directors.

The nature of the board is non-statutory status and members will be invited to join the Advisory board based on past credentials.

Enters the FMCG segment with Rs 100 crore investmentVML had recently announced that it will enter the food protection and personal hygiene segment of the FMCG industry with an investment of approximately Rs 100 crore in two years.

The company has ventured into the 'Food protection and Personal Hygiene' segment of the FMCG industry with the acquisition of prestigious brands for aluminium foil and tissues 'Homefoil', 'Chapatiwrap', 'Cleanwrap''Mistique'. VML intends to acquire further businesses as well as expand its footprint all over India.

Vikas Multicorp said the demand for aluminum foil and tissue paper products in India has been growing at a fast pace and is expected to continue to grow in view of present per capita consumption is quite low.

These brands have evolved over a period of three decades and are well-established names in the domestic market, enjoying a very visible and prominent presence in the market at more than ten lakh retail counters across the nation besides being sold to prestigious institutional customers like the Taj Group of Hotels, Meridian, Maurya Sheraton, Oberoi, Inter-continental, Hyatt, Marriott, and all other big hotels, all the big hospitals like Apollo, Escorts, Max, Gangaram, Vimhans, Fortis, Moolchand, etc., Airlines like Air India, Jet Airways, Jet light, Alliance Air, etc, Canteen Stores Department (CSD), and Railways and Airport Authority of India.

In addition, these brands enjoy a significant presence in all big retail chains and online platforms. These brands also have recognition in International markets, especially in the UK, Middle East, and European countries.

The company is planning to foray in to complete solutions for food protection and packaging personal hygiene needs of Indian households at a one-stop-shop.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)Troy (Michigan) [USA]/Bengaluru (Karnataka) [India] September 29 (ANI/NewsVoir): Altair, a global technology company providing solutions in data analytics, product development, and high-performance computing (HPC), will hold its 2020 Global Altair Technology Conference (ATC) virtually October 5-7.

The ATC brings together the brightest minds around the world to share breakthrough digital discoveries and industry-first innovations, all while continuing to explore solutions for a smarter, more connected world.

"Since its inception 12 years ago, the ATC has become the premier learning forum for exploring ideas and solutions to drive faster decisions," said James Scapa, Founder and Chief Executive Officer of Altair.

"We welcome industry leaders, executives, analysts, investors, engineers, scientists, developers, and academia to join us and be inspired as we collectively work to shape the future," added James.

The free three-day conference will explore the "The Future of..." theme with thought-provoking and one-of-a-kind keynotes including: "The Future of AI is Empathetic" - Rana el Kaliouby, CEO and Co-founder of Affectiva and author of "Girl Decoded: A Scientist's Quest to Reclaim Our Humanity by Bringing Emotional Intelligence to Technology" "The Future of Robotics" - Ayanna Howard, Founder and CTO of Zyrobotics "The Future of Engineering Education" - Mary Boyce, Dean of the Fu Foundation School of Engineering and Applied Science, Columbia University "The Future of Engineering Technology" - Professor Karen Willcox, Director of the Oden Institute for Computational Engineering and Sciences, the University of Texas at Austin "The Future of Deep Learning" - Hod Lipson, Professor of Mechanical Engineering and Data Science, Columbia UniversityThe ATC will also showcase critical trends impacting our world - including healthcare, mobility, artificial intelligence, and the augmented workforce - and will include an entire day dedicated to inspiring students and start-ups.

For more information, including the detailed agenda of the ATC and to register, please visit atc2020.virtual.altair.com/en.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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