Morepen Labs’ home diagnostics sales revenue grows by 98% in Q2’FY2020-21

first_img Thermometers’ sales (including non-contact infrared thermometers) increased by 311 per cent and that of blood pressure monitors by 185 per cent during the quarterAPI major Morepen Labs reported a six-fold rise in net profit in Q2 FY2020-21, led by a 60 per cent growth in its API business to Rs. 185.69 crore and a 98 per cent growth in its home diagnostics sales revenue to Rs. 90.35 crore. Thermometers’ sales (including non-contact infrared thermometers) increased by 311 per cent and that of blood pressure monitors by 185 per cent during the quarter.The 36-year old, Rs. 900 crore company which manufactures and markets pharmaceutical and healthcare products reported a sharp rise of 566 per cent in its Net Profit after Tax (consolidated) at Rs. 27.17 crore in the second quarter ended September 30th, 2020.This significant improvement in bottom line has been reportedly achieved on account of better margin realisation and despite a onetime hit of Rs. 12.84 crore taken by it towards the dues of fixed deposit holders paid during the quarter.Net Profit After Tax for Q2’FY2020-21 grew 566 per cent at Rs. 27.17 crore while Net Profit Before Tax jumped up by 198 per cent on account of better margin realisation during the quarter.Net Revenue for Q2’FY2020-21 stood at Rs.340.13 crore as against Rs. 216.24 crore for Q2’FY2019-20, registering a rise of 57 per cent. This rise was mainly on account of a consistent growth in sales of bulk drugs (APIs), diagnostic devices and OTC products during the quarter.The API business remained the lead growth driver in Q2 FY 2020-21 with a 60 per cent growth at Rs. 185.69 crore, contributing 56 per cent to the company’s top line during the quarter.EBIDTA and cash profit for Q2’FY2020-21 went up by 99 percent and 101 per cent at Rs. 35.49 crore and Rs. 35.20 crore, respectively.Revenues (consolidated) for six months ended 30 September 2020, rose by 43 per cent at Rs. 599.10 crore. Net profit after tax (PAT) for this period stood at Rs. 46.53 crore, registering a rise of 296 per cent against the corresponding period of the previous financial year. Comments (0) Read Article Phoenix Business Consulting invests in telehealth platform Healpha Share By EH News Bureau on November 9, 2020 Morepen Labs’ home diagnostics sales revenue grows by 98% in Q2’FY2020-21 Morepen Labs’ home diagnostics sales revenue grows by 98% in Q2’FY2020-21 Related Posts Add Comment Menopause to become the next game-changer in global femtech solutions industry by 2025 The missing informal workers in India’s vaccine story WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Adoption of AI/ML can disrupt healthcare services blood pressure monitorshome diagnosticsinfrared thermometersMorepen LabsQ2 FY2020-21 News last_img read more

Saudi pilot used gun loophole to buy murder weapon used in shooting at Pensacola air base

first_imgFBI(PENSACOLA, Fla.) — FBI looking into whether Pensacola naval base suspect watched mass-shooting videos Agents are combing through Mohammed Alshamrani’s electronic devices amid reports that he watched mass-shooting videos with friends before a deadly attack that left three dead.The Saudi military pilot who killed three people in a rampage at a Florida air base while in the United States for flight training obtained the gun he used by taking advantage of a federal gun law exception that allows foreign nationals to legally purchase weapons for hunting, authorities said on Tuesday.Mohammed Alshamrani, 21, a second lieutenant in the Saudi air force, purchased a Glock 9 mm pistol about four months before authorities said he allegedly opened fire inside a classroom at Air Force Base Pensacola on Friday, killing three U.S. Navy personnel and wounding eight other people before he was gunned down by Escambia County Sheriff’s deputies, according to FBI officials.Prior to the announcement by the FBI Jacksonville field officer, Florida Gov. Ron DeSantis called on the federal government to investigate the federal law that enabled Alshamrani to purchase the gun.“That’s a federal loophole he took advantage of. I’m a big supporter of the Second Amendment — but the Second Amendment is so that we the American people can keep and bear arms. It does not apply to Saudi Arabians. He had no constitutional right to do that, for sure,” DeSantis said at a news conference on Sunday.Rachel Rojas, special agent in charge of the FBI’s Jacksonville field office and the lead investigator on the shooting, previously said Alshamrani “legally and lawfully” purchased the gun.The federal Bureau of Alcohol, Tobacco, Firearms and Explosives website says that under federal law “an alien admitted to the United States under a nonimmigrant visa is prohibited from shipping, transporting, receiving, or possessing a firearm or ammunition unless the alien falls within one of the exceptions.”Under one of the exceptions in the gun laws for “certain official representatives of a foreign government, or a foreign law enforcement officer,” Alshamrani was able to obtain a gun after first being granted a Florida hunting license, FBI official said.“The preliminary investigation into the firearm purchase has not revealed any information to suggest that the sale was unlawful,” the FBI Jacksonville field office said in a tweet.Alshamrani bought the handgun on July 20 at Uber’s Lock & Gun shop in Pensacola, a source familiar with the purchase told ABC News.Naomi Uber, the owner of the gun shop, did not deny the gun was purchased from her business but declined to comment Tuesday when spoken to by ABC News.ABC News’ Josh Margolin, Aaron Katersky and Rachel Katz contributed to this report. Copyright © 2019, ABC Audio. All rights reserved.last_img read more

Agreement to cut Praha – Linz journey times

first_imgEUROPE: Czech infrastructure manager SŽDC and its Austrian counterpart ÖBB Infrastruktur have signed an agreement to cut journey times on the Praha – Linz corridor. Both parties agree that the frequencies and timings are uncompetitive and unsustainable, with a fastest journey time of 4 h 51 min for the 294 km trip via Tábor, České Budějovice, Summerau and Freistadt.On the Czech side, journey times on the Praha – České Budějovice line have been lengthened by 30 min since a major upgrading of Corridor 4 began in 2005, while on the Austrian section ÖBB trains run as regional services with frequent stops, taking 1 h 11 min for the 61 km between Linz and Summerau.ÖBB believes that that an end-to-end journey time of 4 h would justify four or five Praha – Linz fast trains a day. ČD expects to cut Praha – České Budějovice timings to 1 h 45 min once most of the modernisation is completed, which would permit a journey time of 3 h 45 min by 2019-20. ÖBB has committed to cutting Linz – Summerau to less than 1 h by omitting several stops. A further reduction is impossible owing to the deferral of track doubling on a bottleneck between St Georgen (Gusen) and Linz. The joint agreement is to be formalised in a memorandum of understanding between the two transport ministers, which will also cover the important Praha – Wien – Graz corridor where full operation of ČD/ÖBB Railjet services is to start in December.last_img read more

Lion pair carve it up

first_imgDDCA TURF 2 AND 3 REVIEW – ROUND 12 (DAY ONE) TURF 2 Twin centuries to Narre South pair Jonty…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription. By Nick Creely last_img

United they’ll stand

first_imgBy JARROD POTTER ONE club, one vision, and most importantly, one collective goal. After years of separation in Pakenham and…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Nelson Leafs, KIJHL saddened after passing of Chiefs’ GM

first_img“It is with extreme sadness to say we lost Grant (Sunday) evening,” the post from the Chiefs’ Facebook page said. ““He passed away peacefully in his sleep at Kelowna General Hospital. Grant you made the world a better place.”Rest easy my friend.”Nelson Leafs President Corey Viala said the Heritage City Hockey Club would like to extend our deepest condolences to Grants family as well as the entire Kelowna Chiefs Junior Hockey Club.“Grants passion for the game of hockey and development of his players to compete at the highest level was always a priority,” Viala said in an emailed statement. “The loss of Grant will have an impact on the entire KIJHL.”“It’s with great sadness that the league has been given the information that Grant Sheridan has passed,” a post on the KIJHL website said. “Grant, we’ll miss your Leadership, Honesty, Wisdom, Guidance and Humour.“The League was better having known you,” the KIJHL post added. “We knew your family was your biggest priority but thank you for making us a part of your hockey family.” The Kootenay International Junior Hockey League lost one of its main supporters after Kelowna Chiefs president and GM, Grant Sheridan recently passed away at Kelowna General Hospital.Sheridan was diagnosed with bacterial meningitis in late March while the Chiefs were in a playoff series against Revelstoke Grizzlies. He was transferred to the trauma unit at Royal Inland Hospital before being sent to KGH where he battled the disease for the past couple of months.The Chiefs hockey club took to Facebook to announce the passing of Sheridan.last_img read more

Sierra Leone teen wows world

first_imgDJ Focus in action – the young radio station manager employs his friends to go out and find news stories.(Image: Innovate Salone) MEDIA CONTACTS • Global Minimum RELATED ARTICLES • Fostering SA’s young scientists • I only ever wanted to dance • Digital drum boosts computer literacy • Light shines for Team Emulsified Gwinyai NhapataAt just 12, Kelvin Doe built himself batteries and a generator using parts found on dump sites, and started a pirate FM radio station. “I built the generator because my radio station needed it and started the radio station because my community needed it,” says the young innovator, now 16. Born in Freetown, the capital of the small West African nation of Sierra Leone, Doe comes from a disadvantaged community; here, electricity supplies are haphazard, prompting him to turn to a generator. He has no formal schooling in electronics or engineering, but is a self-taught inventor. Doe, who is also known as DJ Focus, sourced the materials for his inventions in local rubbish bins and dump sites. “This was a microphone wire, converted to a power output,” he says, pointing out a component from his radio station. “I got it from the dust bin.”Doe’s enterprise received good exposure at the inaugural Innovate Salone, a nationwide innovation contest in Sierra Leone which is sponsored by the non-profit Global Minimum organisation to scout for excellence among the country’s high school students. Doe and his team from Albert Academy were among the eight winners. He also attracted the attention of a doctoral student at the Massachusetts Institution of Technology’s (MIT) Media Lab, David Sengeh.Sengeh, from Bo, also in Sierra Leone, is one of the founders of Global Minimum.With assistance and guidance from Sengeh, DJ Focus carved himself a bigger niche as General Focus, a promotion he gave himself for his management of the radio station.He found himself on his way to New York to present his ideas and innovations at the 2012 World Maker Faire, held in that city in September. Here he sat on a “Meet the Young Makers” panel alongside four American inventors and was later given a tour of Harvard’s Technology and Entrepreneurship Centre. According to news agency CNN, General Focus made history as the youngest person ever to participate in the Visiting Practitioners Program at MIT.Inquiring mind“Kelvin represents learning by making,” says Sengeh, who speaks of his respect for the teen. “He takes a part, looks at it and tries to reverse engineer it.”Reverse engineering is Doe’s master and his mind is the apprentice. Using soda, acid and metal, bound together with tape – all items found from surrounding trash – he made his battery. Doe adds that the generator wasformed from a damaged voltage stabiliser, motor, plug and other components which he found while searching the trash. He also found the antenna that allows his audience to listen in to his radio station.The generator lights his home, powers his radio station, and allows neighbours to charge their mobile devices.More impressive, before his Maker Faire trip Doe had never been more than 15 kilometres from his home. He never received any recycling qualification, nor was he inspired by green advocates to reuse obsolete electronics. Now he is not only an inventor, but an employer as well – he gives job opportunities to local youngsters, paying them 5 000 leones (US$1.2) for making themselves useful as presenters or reporters at his handmade, unregistered radio station. In his spare time Doe takes to the boards as a DJ as children’s birthday parties, for a small fee.Using knowledge to help his communityDoe was invited to be a resident specialist at the International Development Initiative at MIT for three weeks, as well as to be a visiting presenter at the Harvard School of Engineering, where he pledges to use all his newly attained knowledge to enhance his society. His international acclaim is growing, and a video made by for its THNKR YouTube channel has already clocked up over three-million hits.Not only is he inspiring his community, but Doe seems to be intent on proving that there is great potential in Africa. “My next invention will be a windmill, for people to use for electricity supply,” he explains.“That is my aim – to promote innovation in Sierra Leone, among young people.”last_img read more

How Zimbra Went From Web 2.0 Poster Child to $350M Yahoo! Acquisition, in 2 Years!

first_imgA Web Developer’s New Best Friend is the AI Wai… Tags:#Analysis#web Last week Read/WriteWeb editor Richard MacManus interviewed Satish Dharmaraj, Zimbra co-founder and CEO. The result is a 30 minute podcast available on Read/WriteTalk (transcript included). The following post is highlights from the discussion, which focused on Zimbra’s journey from October 2005 Web 2.0 Conference launch to September 2007 acquisition by Yahoo! for $350M.In September 2007 Web Office startup Zimbra was acquired by Yahoo! for $350M. As I noted at the time, it seems like only yesterday that Zimbra was the buzz of the 2005 Web Conference (which incidentally was the first Silicon Valley conference I attended). Yet in just under 2 years from launching, Zimbra went from Web Office poster child (one of them at any rate) to a company worth $350 million. How did it happen? What lessons can aspiring entrepreneurs learn from Zimbra, as they attempt to create a multi-million dollar business too? For me there was only one way to find out: interview Satish Dharmaraj, Zimbra co-founder and CEO.The entire interview is up on our podcast show, Read/WriteWeb. Here are some of my favorite bits:Question: who came up with the idea for Zimbra and when did that happen?Satish: “While we were brainstorming on ideas – and we cycled through a lot of them – we always kept coming back to: What are the big things that people do on a computer? Well, they search and they web browse and they read email. We started believing that people spend more time on email than search or web browsing, and so we said, ‘Man, that’s huge.’ It seems so evident but that was basically the genesis. Well Google is tackling search and, obviously, Firefox and IE are tackling the web browsing issue, and then we have Outlook or Thunderbird or Entourage for email. Well, that seems really broken. […]Then at the same time, we were thinking about technologies and how the web browser is becoming the predominant platform of modern day computing. Do we really need to have a desktop app and can we do everything on the server side? That’s something to break into.”Question: […] What was the initial reaction to the product when you launched in October of 2005?Satish: “Peoples reactions to it was unanimously: ‘I can’t believe this is a web browser. I can’t believe that this can be done all inside of Ajax and all with a server that’s not hosted or with data that resided remotely.’ Our goal was to basically blow the pants away of Outlook or any other client in terms of user interactivity, even though it was inside of a web browser. I think when we launched, we successfully got that kind of a reaction from people who were just totally wowed with it. They were all extremely excited that somebody was putting up such a huge and competitive product in the mail landscape which people had thought had been written off.Then, for us, we knew in our hearts, and we didn’t want to be a web 2.0 company that’s just all hype and glam. We knew that we had planned all of this carefully with our board. We had always wanted to start making money. It has happened. As soon as we launched in October, back before we started making money, before we sold to Yahoo, we were handsomely cash flow positive. So we’re always proud of what we went through as a company: got a lot of bugs, got a great product but at the end of the day, we were making money. That was basically the difference that set us apart.”Question: One thing that web 2.0 critics often derive about the current generation of web apps is that they are features and not businesses. Also, the web 2.0 startups have too large a reliance on M&A as the end goal. This is something we constantly hear from critics of web 2.0. Zimbra was obviously a very successful buyout. Was that your plan from the start or did you start out with the aim of being a viable standalone business? Back in October of 2005, what was your end goal for Zimbra at that point?Satish: “Honestly, I can say this. We set out to build a great company with a real business behind it. That’s what I think people should do when they start a business. They [have] got to think about: How do I make this an independently successful cash flow self-sustaining business? Then, there’ll be very interesting M&A opportunities that will come and knock on the door. If instead we started a company thinking that there is going to be a quick flip, [in] 90% of the cases that does not work out because no one is interested in buying – or they want to buy you off really cheap. We were not thinking of an ideal nor were we thinking of an M&A. We were just thinking: Let’s go and create a compelling product and create some real business in specific markets. That’s what we started out to do and that’s what we did.”Listen to the full podcast for more insight into the growth of Zimbra and some of the tactics they employed to build their ultimately successful web 2.0 business. richard macmanus 8 Best WordPress Hosting Solutions on the Marketcenter_img Related Posts Why Tech Companies Need Simpler Terms of Servic… Top Reasons to Go With Managed WordPress Hostinglast_img read more

Improving Sales and Marketing Alignment: The Marketing and Sales SLA

first_img and lead quality b. What other interesting strategies have you implemented? d. Classify profitable lead segments as “workable leads”, which are ready for sales. Note: numbers are not actual HubSpot statistics Filter out and/or nurture “non-workable leads”. Sales becomes frustrated with all the time it takes to comb through dozens of unqualified leads to perhaps find one good one. Topics: Attempts per “workable lead” HubSpot has complied over 50 marketing charts and graphs on topics including Lead Generation, Blogging and Social Media, Marketing Budgets, Twitter and Facebook To address this issue, many companies on the edge of inbound marketing and sales 2.0 have introduced a marketing and sales SLA (service level agreement). The Problem To maximize accountability and empowerment, it is best define the SLA in a joint meeting between sales and marketing. This metric becomes your marketing SLA. Automate the daily monitoring of the process. 1. Define the number and frequency of attempts that sales will make against each “workable lead”. 3. lead. Calculate the profitability of each segment. The Solution 5 Steps to Establishing A Sales and Marketing SLA Determine the number of “workable leads” per sales rep per month that marketing is accountable for. Lead quality is de-prioritized and suffers. Download the ebook now! Marketing complains that sales is ignoring the leads that marketing worked hard to generate. As companies continue to increase the percentage of leads that originate from inbound marketing, effective alignment of sales and marketing becomes a critical area of organizational design. Free Download: Marketing Data: 50+ Marketing Charts and Graphscenter_img 4. Don’t forget to share this post! AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to Email AppEmail AppShare to LinkedInLinkedInShare to MessengerMessengerShare to SlackSlack Key metrics to monitor are: a. The sales SLA defines the expectations that marketing has for sales on how deeply and frequently sales will pursue each This metric becomes your sales SLA. 5. qualified They stop paying attention to these leads and revert back to expensive, and often times unprofitable, cold calling. . For companies to achieve growth and become leaders in their industries, it is critical that these two group be properly integrated  to have access to these charts for use in your own presentations What issues do you have with sales and marketing alignment? “Workable leads” produced per sales rep, month to date Examples of Sales and Marketing SLA Charts: Run a closed loop analysis on your historical inbound lead segments. Marketing is measured against aggressive lead quantity goals. We use this technique at HubSpot ourselves. If the two departments are managed as separate silos, the system fails. Conversion rate to forecasted pipeline per “workable lead” Marketing and Sales Alignment c. Connect rate per “workable lead” 2. Originally published Apr 26, 2010 10:00:00 AM, updated October 20 2016 They scramble to meet these goals, focusing on campaigns that produce the most lead conversions. The marketing SLA defines the expectations that sales has for marketing with regards to lead quantitylast_img read more