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Subodh Gupta - We plan to expand our portfolio of healthcare line of products with the manufacturing

Data World31 Aug, 2022News

Microtek, one of the leaders in the power product market of India has announced that it has supplied order of 7,500 oxygen concentrators (OCTs) of 10 liters per minute (LPM) capacity each to the Oil and Natural Gas Corporation (ONGC) recently under the PM CARES initiative. ?We have set up a manufacturing plant for healthcare products in Vishakhapatnam and started producing oxygen concentrators in August 2021. The response from the market has been overwhelming. We are very proud to complete bulk order of 7,500 10LPM oxygen concentrators for ONGC in a record time of 15 days. We plan to expand our portfolio of healthcare line of products with the manufacturing of blood glucose monitors, nebulizers, dialysis machines, thermometers, and ultrasound monitors besides other products,? said Subodh Gupta, CMD, Microtek International Private Limited.

ETMarkets Smart Talk: With Siddharth Mehta, Founder & CIO at Bay Capital.

Data World04 Jul, 2022Business

It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year,? says Siddharth Mehta, Founder & CIO at Bay Capital. In an interview with ETMarkets, Mehta said: ?To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years,? Edited excerpts: What is your take on markets ? time to be cautious or greedy? Global financial markets have been volatile and have trended significantly lower since the start of the year primarily driven by the actions and comments from the Fed about the extraction of liquidity from the financial system and steeper hiking of interest rates than previously anticipated. It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year.

Siddharth Mehta IL&FS Former Director is positive about investing in the Indian market.

Data World23 Jun, 2022Technology

Siddharth Mehta IL&FS Former Director is positive about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government?s digital initiatives, and the development of low cost, robust payment systems.

Under the supervision and leadership of Abhay Lodha, Topworth Group is now venturing to foray into t

Data World15 Jun, 2022Business

Topworth Group of companies developed from a modest Steel Trading enterprise in 1999 to a powerful integrated firm with commercial interests in Steel, Power, Trading, and Infrastructure. Topworth Company's chairman and founder Abhay Lodha has outlined a strategy for developing steel grades for land and naval defense. He says, ?We will work to introduce world-class technology to India and develop skill sets in the nation in order to provide top-of-the-line platforms for our Armed Forces, reduce defense product imports, and create high-skill employment.?

Siddharth Mehta Bay Capital Said: Samco has had an impressive growth trajectory since its inception.

Data World06 Jun, 2022Finance

Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised $7.5 million (Rs 49 crore) in a fresh round of funding. The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company also participating. The brokerage, which competes with the likes of Bengaluru-based Zerodha, will use the proceeds towards building a mutual fund distribution platform, lending capabilities, as well as its research and advisory businesses. ?Samco has had an impressive growth trajectory since its inception in 2015. We are also very impressed with the Samco team and the innovation that they have brought to the plate in an otherwise cluttered market,? Siddharth Mehta, founder of Bay Capital, said.

Policybazaar.com IPO in 12-15 months; parent firm gets capital boost from Bay Capital

Data World26 May, 2022Business

"Bay Capital has completed a secondary transaction, ahead of the insurance aggregator's plans to launch an IPO in the next 12-15 months," Bay Capital said on Wednesday. However, how much capital has been infused by Bay Capital could not be ascertained. PB Fintech had attained the status of a unicorn in 2018 when it raised USD 200 million in a Series-F round led by Japan's Softbank. Siddharth Mehta, founder and CIO of Bay Capital, said PB Fintech has transformed the way insurance is bought in India. "Customer centricity has been the heart of their proposition and has helped them become the platform of choice for customers," he said.

Siddharth Mehta IL&FS : Indians Spend Almost 6.5 Hours Per Day Online

Data World21 Apr, 2022Technology

Siddharth Mehta IL&FS :Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online .

Siddharth Mehta IL&FS - Talking About Its Initiation Towards Being Digital | BizWire Express

Data World18 Apr, 2022Technology

Siddharth Mehta IL&FS - Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines ? so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure.

Siddharth Mehta IL&FS : Today in India there are 758 Million internet users

Data World13 Apr, 2022Technology

Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online. ..

Siddharth Mehta IL&FS : In Covid Pendemic education has changed Dramatically

Data World12 Apr, 2022Technology

In Covid Pendemic education has changed dramatically, with the distinctive rise of e-learning classes at home. Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!