The News Scroll 24 July 2018  Last Updated at 7:53 pm | Source: PTI

Titan awards grant of up to Rs 65 lakh each to 8 innovators

Titan awards grant of up to Rs 65 lakh each to 8 innovators

Mumbai, Jul 24 (PTI) Titan, a Tata Group firm, today awarded eight innovators from different sector a grant of up to Rs 65 lakh each during its first edition of Design:Impact Awards for Social Change in collaboration with Tata Trusts.

This is a project-based grant award that aims to positively impact the underprivileged communities and needs of the society, a release said today.

Launched last August, the programme received 993 applications, of which eight were chosen as winners and the programme overall has committed to Rs 5 crore worth of grants.


SRL Diagnostics rolls out new preventive health-check platform *SRL Diagnostics today rolled out a new preventive customised health-check platform under the brand name 'SRL Care', which will tackle the increasing incidences of lifestyle disease in the country.

The company will have a new range of comprehensive, customised full body check-up packages under SRL Care, a release said today, adding the platform will recommend a customised health-check plan to consumers keeping in mind their age, gender, lifestyle, health history and life-stage.

The company also appointed Shilpa Shetty Kundra as its new brand ambassador.


Filatex India Q1 net profit up 40.5% at Rs 20.1 cr *Synthetic filament yarns manufacturer Filatex India today reported a 40.5 per cent rise in net profit at Rs 20.1 crore in the June quarter, against Rs 14.3 crore in the year-ago period.

Its total revenues grew by 63.7 per cent at Rs 704.4 crore, against Rs 430.4 crore last year, a release said.

Filatex chairman and managing director Madhu Sudhan Bhageria said the company has registered better operational performance led by demand pick up in domestic markets and improvement in margins led by roll-out of GST.


Fruits & vegetables account for 18% of sales for Bigbasket *Online supermarket Bigbasket today said fresh fruits and vegetables (F&V) account for about 18 per cent of its total sales.

The company had reported total sales of Rs 2,000 crore in the last financial year.

The retail major sources over 70 per cent of its produce directly from the farmers as part of its farmer connect programme, something that has enabled the company to build on the fruit and vegetable space, it said in a release.

Since its launch in 2011, the F&V business has seen a double digit growth rate on a month-on-month basis, it said, adding the firm has over 25 collection centres to source over 5,000 tonnes of produce per month.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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