Business Distribution

NEW DELHI: ICICI Securities announced a 61% increase in profit after tax (PAT) to Rs 311 crore in the three months ended June 2021 due to revenue growth and improving margins.
By comparison, the company posted a PAT of Rs 193 crore in the same quarter prior to the fiscal year, ICICI Securities said in a statement.
The company’s revenue increased 37% to Rs 748 crore in the quarter under review, from Rs 546 crore in the three months ended June 30, 2020.
Revenue growth was helped by strong overall performance in equities and related businesses, distribution businesses, distribution businesses, private wealth management businesses, as well as investment banking businesses.
ICICI Securities, part of the ICICI group, is a leading retail equity franchise, distributor of financial products and investment banking.
“We are pleased to report strong financial and operational performance during the quarter,” said Vijay Chandok, Managing Director and CEO of the company.
“We are seeing continued traction in our customer additions. Our client additions through digital partnerships, with contemporary digital players … have started to contribute significantly. We also found that visitors to our platform more than tripled between December 2020 and June 2021, “he added.
ICICI Securities has a client base of 5.8 million clients, of which 3.9 lakh were added during the quarter under review.

MUNICH – (BUSINESS WIRE) – July 20, 2021–

Mouser electronics, Inc., the global authorized distributor of the latest semiconductors and electronic components, received the TDK European Distribution Award for the third time TDK, a world leader in electronic components and solutions. The Gold Distribution Award recognizes Mouser’s 2020 performance based on inventory management, operational excellence, business conditions and performance. Mouser had previously won the award in 2019 and 2017.

This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20210720005929/en/

Mouser Electronics recognized as exclusive recipient of TDK’s European Distribution Award (Graphic: Business Wire)

TDK’s High Service Distributor Award was updated in 2020 with the award criteria raised in accordance with an adjusted scorecard system, providing a greater benefit to end customers. As part of the new system, Mouser is the only premium distributor to be honored this year with the European TDK Award.

According to Dietmar Jaeger, Head of Global Sales Distribution at TDK: “We are very pleased with the continued excellent performance of Mouser, which certainly deserves to be honored. I want to congratulate the entire Mouser team for their hard work and promoting our products to the engineering world over the past year.

“We are extremely honored to receive this prestigious award and thank TDK for recognizing the exceptional efforts of our teams around the world,” said Mark Burr-Lonnon, senior vice president of Global Services and EMEA and APAC. “Throughout our long-standing partnership, we have had many successes together, and we look forward to many more in the future.

Mouser offers a wide selection of TDK’s full product line, including ceramic, electrolytic aluminum and film capacitors; ferrites and inductors; high frequency products; and piezo and protection components as well as sensors, sensor systems and power supplies.

To learn more, visit https://www.mouser.com/manufacturer/tdk/.

As an authorized global distributor, Mouser offers the world’s largest selection of the latest semiconductors and electronic components, in stock and ready to ship. Mouser customers can expect 100% certified, genuine and fully traceable products from each of its manufacturing partners. To help speed up customer designs, Mouser’s website hosts an extensive library of technical resources, including a Technical resource center, as well as product data sheets, vendor-specific reference designs, application notes, engineering design information, engineering tools, and other useful information.

About Mouser Electronics

Mouser Electronics, a Berkshire Hathaway company, is an authorized distributor of semiconductors and electronic components focused on new product launches from its major manufacturing partners. Serving the global community of electronics design engineers and buyers, the global distributor’s website, mouser.com, is available in multiple languages ​​and currencies, and features more than 5 million products from more than 1,100 manufacturer brands. Mouser offers 27 support sites around the world to provide top-notch customer service in the local language, currency and time zone. The distributor delivers to more than 630,000 customers in 223 countries / territories from its state-of-the-art 1 million square foot distribution facilities in the Dallas, Texas, metropolitan area. For more information visit https://www.mouser.com/.

Brands

Mouser and Mouser Electronics are registered trademarks of Mouser Electronics, Inc. All other products, logos, and company names mentioned in this document may be trademarks of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210720005929/en/

CONTACT: For press inquiries, contact:

Kelly DeGarmo, Mouser Electronics

Manager, Corporate Communications and Media Relations

+1 (817) 804-7764

[email protected]

For more information, contact:

Kevin Hess, Mouser Electronics

Senior Vice President, Marketing

+1 (817) 804 3833

[email protected]

KEYWORD: GERMANY EUROPE UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION SEMICONDUCTOR ENGINEERING TECHNOLOGY MATERIAL MANUFACTURING

SOURCE: Mouser Electronics, Inc.

Copyright Business Wire 2021.

PUB: 07/20/2021 12: 20 / DISC: 07/20/2021 12:21

http://www.businesswire.com/news/home/20210720005929/en

Copyright Business Wire 2021.

One of the most famous names in the Capital Region’s restaurant and hospitality industry is at the heart of a federal trademark lawsuit.

The owner of Mazzone Hospitality LLC is suing Matthew Mazzone for setting up a similar operation to the one founded by his father, Angelo Mazzone, and running it under the surname.

Compass Group and Mazzone Hospitality LLC filed a lawsuit Monday in Albany against Matthew Mazzone; his company, Mazzone Wedding Group LLC; and his wife, Suzy Mazzone, alleging unfair competition, brand dilution and deceptive marketing practices.

The plaintiffs seek damages and a cease and desist order.

Angelo and Matthew Mazzone did not respond to requests for comment for this story. Neither can the lawyer representing the plaintiffs.

Mazzone Hospitality had humble beginnings in the 1980s and has grown into a dominant restaurant / hotel business. Among his possessions was the Glen Sanders mansion in Scotland. A subsidiary of Compass acquired it in 2017, renamed it Mazzone Hospitality LLC, and left Angelo Mazzone at the helm. Mazzone Hospitality LLC’s website currently lists him as a “founder”.

Mazzone Wedding Group is much newer. Matthew Mazzone, a longtime employee of Mazzone Hospitality under the two owners, is said to have left on his own in 2020 and started operations in earnest early this year.

The company’s website advertises full-service wedding and event planning, including catering. It says:

“Matt Mazzone is well known in the hospitality industry. Former CFO & COO of Mazzone Hospitality, Matt Mazzone has what it takes to take this new business to the next level. Matt’s strengths in finance, team building and business growth are unparalleled. Joining the family business at a young age, Matt grew to love and respect the hard work, passion and level of dedication it takes to run a hospitality business. His passion is hospitality and he is now dedicated to giving the community a family owned and operated restaurant business that is built on values, family and community.

ALLEGATIONS

In the lawsuit in the United States District Court for the Northern District of New York, the plaintiffs state and allege that:

• They own the “brands” – the names, trademarks, badges, logos and designations – for “Mazzone Hospitality” and “Mazzone Catering”.
• Mathew and Suzy Mazzone started a competing wedding and event group under the names Mazzone Wedding Group and Mazzone Weddings.
• Promotional material calls it family owned and operated and cites Matthew Mazzone’s previous experience with Mazzone Hospitality.
• This is an illegal diversion and if it continues, the plaintiffs will suffer irreparable damage.
• Angelo Mazzone entered the restaurant business in 1980 when he bought Peggy’s from Schenectady; expanded with the purchase of the Glen Sanders restaurant in Scotia in 1988; expanded into off-site catering and turned it into a culinary empire that had exclusive catering contracts at many of the region’s top venues.
• Angelo Mazzone’s sale of his hotel and restaurant business included all rights to the brand and its trademarks, including the trade names Mazzone Catering and Mazzone Hospitality.
• Matthew Mazzone’s employment contract with Compass included a ban on competing with plaintiffs or soliciting their clients if he left the company.
• When Matthew Mazzone left Mazzone Hospitality LLC around April 7, 2020, he signed a separation agreement that prohibited him from soliciting plaintiffs’ clients for a competing company for 18 months.
• A week later, he registered the domain name MazzoneWeddings.com.
• Matthew and Suzy Mazzone launched the new company in early 2021, he as president and owner, she as vice president.
• The confusing name is an attempt at compromise and free will on the goodwill of the Mazzone brand; their marketing clearly shows an attempt to create such an association.
• Complainants’ attorney sent letters to Matthew Mazzone on March 10, reminding him of his contractual obligations; on March 22, asking him to stop using the Mazzone name in connection with any catering business in New York; and on May 7, asking him to change the name and warning of legal action if he did not.

DESIRED DAMAGES

The complainants seek:

• An accounting of all gains, benefits, savings and benefits that the defendants have obtained by trading under the name of Mazzone;
• Legal fees;
• Punitive damages, statutory damages of $ 1,000 per violation and payment of three times the sum of the actual damages suffered by the plaintiffs;
• A preliminary and permanent injunction to use any name, trademark or designation similar to the applicants’ Mazzone trademarks; to claim any association with the complainants; and otherwise compete unfairly with complainants;
• An order directing the defendants to withdraw from distribution any marketing or promotional material that would violate the injunction and deliver them for destruction.

Categories: Business, News, Schenectady County

Larsen & Toubro (L&T) shares hit a new high of Rs 1,638.65, up 1% from BSE in intraday trade on Monday, in an otherwise weak market, after the Major in construction and engineering said, L&T Construction, the construction arm of the company, has won numerous orders in India and abroad for its various activities. According to L&T, the order value varies between Rs 1,000 crore and Rs 2,500 crore.

The stock traded higher for the sixth trading session. It broke its previous record of Rs 1,624.90, reached on July 15, 2021. By comparison, the S&P BSE Sensex was down 0.68% to 52,781 points at 11:40 a.m. Over the past week, L&T outperformed the market, gaining 9 percent, compared to a 0.72 percent increase in the benchmark.

The electricity transmission and distribution activity has won an order for the construction of a 220 kV transmission line associated with strengthening the system in the Ladakh region. The design and execution of this system involves traversing hilly and avalanche prone terrain and ice loading on conductors.

Another turnkey order has been received for the distribution of urban electricity in Ayodhya city as part of the integrated energy development program.

Meanwhile, on a global scale, the company won an order to design, supply, construct, install, test and commission a 132/11 kV substation with associated cabling works in the city of Dubai. . In addition, two bundles of transmission lines have been secured in Africa, L&T said in a press release.

The factories sector has secured a prestigious order from a major cement manufacturer in India for the construction of a 1.8 MTPA grinding unit in Dolvi, Maharashtra. The scope includes civil installation work, mechanics and equipment, ”the company said.

L & T’s board of directors is scheduled to meet on July 26, 2021 to review and approve the company’s unaudited financial results for the quarter ended June 30, 2021 (T1FY22).

Given the restart of ordering activity on large multilateral projects such as the high-speed train, analysts believe that demand will improve and make it easier to order similar projects in segments like metro, water, etc.

The infrastructure segment holds a 75 percent share of L & T’s consolidated order backlog. Given the scale of India’s infrastructure deficit, the company remains optimistic about the government’s intention to complete around 7,400 projects as planned in the national infrastructure pipeline, totaling Rs 111 trillion. by fiscal year 25.

“The pipeline of projects is expected to be collectively funded by central government, state governments and PSUs at 79%, with the remaining 21% to come from the private sector,” L&T said in fiscal year 2020-21. (FY21) annual report.

The outlook for FY21-22 is cautiously optimistic, with the country’s GDP returning to positive territory thanks to the base effect in the first half, followed by robust growth in the second. While the current resurgence of Covid-19 may erode the outlook at the start of the year, vigorous vaccination efforts and better adherence to safety protocols should trigger a recovery in the second half. recovery is “delayed” and not “derailed,” L&T said.

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Austin Scoops marked the closure of its southwest Austin glacier on June 27 after 15 years of activity there and now plans to continue manufacturing and selling its product throughout the Austin area.

Formerly operated from a storefront at 9600 Escarpment Blvd., Ste. 900, Austin, the company closed its retail operations in late June and moved to a new, sustainably-built production facility on Nutty Brown Road. Austin Scoops now manufactures and distributes its line of ice cream products through several new Austin partners, including online grocery delivery service Trashless, Circle C Cafe, and Mangieri’s Pizza Cafe.

Additional new partnerships are also underway, the company said, and a selection of local restaurants are offering Austin Scoops deals this summer.

“While we are sad to close our Escarpment Village store, we are delighted to begin the next chapter in our story with this exciting new factory and many new partners who will help take our Austin Scoops brand and our commitment to our community to the next level. next level, ”said owner Tim Joyner.

Additionally, Austin Scoops will soon be opening a food trailer serving ice cream and crushed ice, Joyner said. The company also plans to have its food truck at all major Circuit of the Americas events. 512-535-4489. www.austinscoops.com

BURLINGTON, North Carolina (WGHP) – Two distribution centers have provided hundreds of cases to customers in the City of Burlington Water after the detection of E. coli in the water system.

Drivers were able to pick up cases of water at the Burlington Fire Hall and Fairchild Community Center on Friday afternoon.

The city says the bacteria was discovered during routine water sampling on Wednesday and the boil water advisory remains in effect.

Michael Thompson crossed the line with dozens of drivers through the fire hall as first responders loaded a suitcase into his car.

“I don’t know how long this will last, I am coming here to make sure everything is fine,” he said. “So grateful for these guys, they are heroes. These guys are awesome.

Restaurants remained closed Friday afternoon after owners received notices from the public health department asking them to remain closed.

Danny Morton owns Danny’s Café and Catering on Front Street. He said the closures were having an impact on owners and staff.

“Friday nights are the only nights we’re open, you take income out there, it’s our busiest day of the week, it’s Friday and Saturday. With it just hits on the weekends, for a lot of restaurants, not just us, everyone you leave from work is going to eat out, I can imagine other restaurants are going to feel the same impact as us, ”he said. -he declares. .

City officials say that once the warning is lifted, businesses will need to perform some start-up procedures in order to reopen.

Business owners urge the public to continue supporting local businesses when they can reopen.

“I just took the bumpy road from COVID, and it’s another bump,” Morton said.

Ovato shareholders voted overwhelmingly in favor of plans to sell the retail distribution business to Are Media and a new short-term loan of $ 2.5 million from Are.

Are Media is the largest magazine publisher in Australia and New Zealand, and a major shareholder in Ovato. The retail distribution company was formerly known as Gordon & Gotch, it distributes some 2,700 magazines in Australia and 1,800 in New Zealand.

The AGE was held online and chaired by Ovato President Michael Hannan. He saw 99.75 percent of shareholders support the motion to sell Retail Distribution and take out the new loan.

The Distribution business will now be sold to Are Media in two installments, with Are paying $ 10 million for the Australian business and taking on $ 22.5 million of the debt. Are will also pay $ 5 million for the New Zealand company and incur debt of $ 4.5 million. The deal with Australia is expected to close on July 31, with the New Zealand sale slated for August 30 or soon after. The separation should take into account the different regulatory approval timelines in the two countries.

The number of magazines distributed by the company in Australia and New Zealand has declined by a third over the past four years, from 226 million in 2018 to 150 million last year, with the past two years both having recorded a decrease of 15%.

About 40 percent of the company’s revenue comes from Are Media titles. Overall revenue has grown from $ 72 million in 2018 to around $ 60 million this year. EBIT, however, grew by 50% over the same period, from $ 4.3 million to $ 7 million.

The deal, and the $ 9 million sale of Ovato’s marketing services business to a new Hannan entity, leaves Ovato fully focused on printing.

For Are Media, it will create a vertically integrated company: it owns its publishing business, it owns 16.38% of Ovato, while its parent company Mercury Capital owns most of the Webstar heatset printer in New Zealand. , and it will own the retail distribution business in both countries, giving it the property to publish, print and distribute in both countries.

Are Media Holdco’s new $ 2.5 million interest-free loan to Ovato is in addition to the same entity’s existing $ 2.3 million loan. It will be used to make priority payments to employees, to increase working capital, to repay debt and to help with restructuring.

The loan will be repayable at the end of the agreement with Are Media for the General Public Distribution activity, or 10 days afterwards if applicable, or 6 months after the date of the loan.

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This Distribution Power Automation System market report also describes the overall market situation. It also continues to provide data on major advancements, for example, market development, new item shipments and on-the-go acquisitions. The data provided in this market report is confirmed by exact numbers and a comprehensive revenue study. It describes the impacts of COVID-19 on various businesses and helps those businesses get out of this wellness emergency. Overall, this Distribution Power Supply Automation System Market report offers an in-depth survey of the industry to provide core members with critical data on industry boundaries such as estimation of structure, approaches to agreements and industry progress. It turns out to be straightforward for industry players to track future productivity with the help of the granular data provided in this market report.

Major manufacturing:
Schweitzer Engineering Laboratories
Eaton
Schneider Electric
G&W Electric
Moxa
Advanced control systems
ABB
Crompton’s Greaves
Siemens

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Market segments by application:
Commercial
Industrial
Residential

Global Distribution Power Supply Automation Systems Market By Type:
Equipment
Software
Services

Contents
1 Report overview
1.1 Definition and scope of the product
1.2 PEST (Political, Economic, Social, and Technological) Analysis of Distribution Power Supply Automation Systems Market
…
2 Market trends and competitive landscape
3 Distribution Power Supply Automation Systems Market Segmentation by Types
4 Market Segmentation of Distribution Power Supply Automation Systems by End Users
5 Market Analysis by Major Regions
6 Commodities of the Distribution Power Supply Automation System Market in Major Countries
7 North America Distribution Power Supply Automation System Landscape Analysis
8 Europe Distribution Feeder Automation System Landscape Analysis
9 Asia-Pacific Distribution Power Supply Automation System Landscape Analysis
10 Latin America, Middle East and Africa Landscape Analysis of Distribution Power Supply Automation System
11 Profile of the main players
…

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Target Audience of Distribution Power Supply Automation Systems Market:
– Manufacturers of distribution feed automation systems
– Merchants, distributors and suppliers of the distribution power supply automation system
– Industry associations of distribution power supply automation system
– Product Managers, Industry Administrator of Distribution Power Supply Automation System, C-Level Industry Executives
– Market research and consulting firms

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LAS VEGAS, Nev. – A US Air Force master sergeant assigned to Nellis Air Force Base was sentenced today to 32 months in prison for selling large quantities of methamphetamine and trafficking in firearms (including a rifle AK-47) without a federal firearms license.

In April 2021, Michael Reimers, 41, of Las Vegas, pleaded guilty to one chief distributing a controlled substance and one chief trading in unlicensed firearms. In addition to the jail term, US District Judge Kent J. Dawson sentenced Reimers to three years on probation.

According to court documents, from around July 11, 2019 to September 4, 2019, Reimers – who is not a licensed firearms dealer – sold an AK-47, a .26 caliber handgun, and a rifle. 12 gauge hunting to various buyers. In addition, he sold large quantities of methamphetamine and cocaine to the same buyers.

Acting U.S. Attorney Christopher Chiou for the Nevada District and Deputy Special Agent in Charge Daniel Neill for the Drug Enforcement Administration (DEA) made the announcement.

This matter was investigated by the DEA, as well as the Las Vegas Metropolitan Police Department and the Henderson Police Department. Assistant U.S. Attorney Shaheen Torgoley continued the case.

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Italian lyrics provider Musixmatch is expanding into music distribution with a new service called Musixmatch Pro.

Established in January 2010, over 500,000 artists now manage their lyrics directly through Musixmatch, including Drake, Billie Eilish, The Rolling Stones, Dua Lipa, Jay-Z, Taylor Swift and more.

The platform is read by over 70 million unique users every month.

Launched in Q4 2021, Musixmatch says Musixmatch Pro aims to provide a self-service platform “for all music creators and professionals” where they can “check music credits, claim and administer copyright. , distribute music and get paid “.

Musixmatch Pro will come as a new standalone web and mobile platform, which can be used by songwriters, musicians and their representatives, such as publishers, labels and managers.

Musixmatch says the new service will act as a “one-stop-shop” for distribution and provide tools to verify and distribute music, lyrics, visual assets and associated metadata.

Musixmatch explains that “every music professional will be able to manage their personal profile online and claim credits for each song they have collaborated on”.

The company says the credits will appear on Musixmatch websites and apps, and will also be available through an API for all Musixmatch partners, including Apple Music, Tidal, Amazon Music, and Spotify, which have launched real-time lyrics in 26 markets. . last summer.

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In addition to distribution and credit management features, Musixmatch’s new service will give artists access to a personal portfolio, which will display statistics and royalty statements.

Musixmatch said, “We want to re-match the worlds of recording and editing through a single entry point.

“In classic music trade agreements, musicians collect royalties on their recordings, while songwriters earn from their royalties.

“However, given the complexity of the global digital licensing landscape, especially for smaller songwriters, it has become too onerous and costly to track and trace royalties globally. As a result, the number of unpaid securities continues to increase.

“Let’s face it: a lot of independent artists today are both songwriters and performers, so why do they have to have multiple places to claim their copyrights? We think there should be an easy fix for all of this.

Musixmatch, which is headed by Founder and CEO, Max Ciociola, has offices in Bologna (headquarters), San Francisco and London.

To date, Musixmatch has raised $ 19.3 million, according to Crunchbase, with its most recent round of investment taking place last year for $ 2.5 million. This tour was led by Piton Capital.

In 2019, Musixmatch launched a partnership with Instagram that allows consumers to add song lyrics to their Instagram Stories.Music trade around the world