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Huawei Unveils its Intelligent Distribution Solution at 26th World Energy Congress

[Rotterdam, Netherlands, 2nd May 2024 ] Huawei is presenting its innovative Intelligent Distribution Solution (IDS) at the 26th World Energy Congress in Rotterdam. Developed in collaboration with ecosystem partners, the IDS aims to tackle the electric power industry’s most pressing challenges, including high line loss, unreliable service, and the burden of managing new energy loads.

To address these challenges, power companies are turning to digital solutions that harness the power of data, connectivity, and automation. The digitization of the power distribution network—often referred to as the ‘last mile’—is a critical element in the modernization of the conventional power grid system. This ‘last mile’ ensures the delivery of electric power directly to consumers’ homes, businesses, and industries. Huawei’s IDS leverages cutting-edge technologies to optimize power distribution, enhance grid reliability, and facilitate the integration of renewable energy sources.

“Huawei’s Intelligent Distribution Solution enables power enterprises to shift from single-point digitalization of power distribution rooms to architecture-supported, evolvable, open, and systematic intelligence. With an open digital ecosystem, we can stimulate grassroots creativity internally and make industry and cross-industry capabilities available to customers externally,” said David Sun, Vice President of Huawei and CEO of Huawei’s Electric Power Digitalization BU.

The IDS architecture is built on a unique “cloud-pipe-edge-pipe-device” framework, which includes an on-premise private cloud as the digital foundation, both wired and wireless solutions for the backhaul network, an all-in-one edge computing unit (ECU) for lean management, and next-generation high-speed power line carrier communication (HPLC) on the low-voltage side. This comprehensive approach enables real-time measurable observations that empower utility providers to optimize their operations, reduce costs, and improve customer satisfaction by identifying and repairing faults before power outages occur.

The solution has already proven its effectiveness in real-world applications, with successful implementations across several provinces in China, including in the Shaanxi province in collaboration with the State Grid Shaanxi Electric Power Co., Ltd and partners. The solution has revolutionized the management of over 100,000 distribution transformer districts, reducing outage durations and achieving an impressive power supply reliability rate. Moreover, it has enabled the seamless integration of over 50,000 residential photovoltaic sites and more than 1,000 large-scale 10kV photovoltaic sites have achieved 100% access and consumption.

“The solution delivers comprehensive and accurate power distribution network sensing, lean and refined management, timely and proactive customer service, as well as simpler and more efficient work for our employees,” said Zhang Genzhou, CIO of State Grid Shaanxi. (See video: “Successful Practice of Intelligent Distribution Solution in State Grid Shaanxi.”)

The solution has also delivered promising initial test results in Asia, Africa, and the Middle East, demonstrating its potential to revolutionize power distribution on a global scale.

Attendees of the World Energy Congress are invited to visit the Huawei booth (Stand 5.635, Rotterdam Ahoy) to learn more about the Intelligent Distribution Solution and see how Huawei’s experience assisting power companies transform their operations can help drive further success for global customers.

SwopStore Eyes on 400 Cr by the Fiscal Year 2024-2025

New Delhi, 2nd May 2024 – SwopStore, a leading Customer Acquisition platform for online businesses, is on track to achieve a Gross Merchandise Value (GMV) of 400 Cr. by the fiscal year 2024-2025. Building on its recent milestone of surpassing 5 Cr. GMV for March 2024, the company is poised for exponential growth in the coming years.

Throughout FY 2023-2024, SwopStore has demonstrated robust performance, with consistent Month–on–month growth of 40% in GMV and revenue. This impressive trajectory underscores SwopStore’s strategic initiatives, including targeted acquisitions, collaborations, and a steadfast commitment to customer satisfaction.

By prioritizing market expansion and enhancing offerings through acquisitions and collaborations, SwopStore has solidified its position as a key player in the industry. Notable acquisitions include The Man Company, Bombay Shaving, Perform, Snitch, Plix Life, Enamor, Hindustan Liver, Earth Rhythm, Godrej, Lenskart, and John Jacob.

Ayush Gupta, CEO of SwopStore, is passionate about propelling the company forward by achieving milestones, fostering meaningful relationships, and delivering value to stakeholders. He recently shared his excitement about SwopStore’s ambitious goal of reaching a Gross Merchandise Value (GMV) of 400 Cr, a testament to the company’s dedication to growth and conscious consumerism.

With a proven track record of scaling up sales for over 100 online businesses by up to 20% in the past year and facilitating 1 million transactions, SwopStore has solidified its position as a leader in driving sales and nurturing customer relationships in the ever-evolving e-commerce landscape. The platform’s user-friendly interface and data-driven strategies have consistently set it apart, enabling brands to expand their customer base and enhance sales figures effectively.

In addition to its remarkable achievements, SwopStore aims to target key sectors such as fintech, quick-commerce services, multinational restaurant aggregators, airlines, banking loyalty programs, and hotel chain loyalty programs. By strategically focusing on these sectors, SwopStore intends to further broaden its impact and establish itself as a versatile solution provider in the global marketplace, he added”.

mPokket onboards global executive Todd Ruppert to its Advisory Board

2nd May 2024: mPokket, one of India’s leading digital lending platforms, today announced the appointment of Todd Ruppert to its Advisory Board. Todd brings a wealth of experience to the table, having served as a venture partner at Greenspring Associates and Founder of Ruppert International, a firm with diversified global interests in startup companies.

Todd, the ex-CEO of T. Rowe Price Global Investment Services and co-president of T. Rowe Price International, holds senior advisory and board positions with multiple PE/VC firms, including Antler, the largest early-stage company builder worldwide. During his tenure at T. Rowe Price, Todd spearheaded the firm’s investment in UTI, one of India’s leading asset managers.

“Todd’s wealth of experience and deep understanding of the financial landscape will be invaluable as we strive to propel towards our aim of empowering the underserved youth of India. With his expertise, we are not only focused on meeting the credit needs of the youth but also on providing them with new earning avenues and career growth opportunities.” Mr. Gaurav Jalan, mPokket’s Founder and CEO, said in a statement.

Beyond finance, Todd is deeply also passionate about education and youth development and protection. He has served as a board member of INSEAD Business School from 2012-to 2021 and is currently a member of its Advisory Council. He also serves as a board member of the International Centre for Missing and Exploited Children and the Rock and Roll Hall of Fame, as well as a global ambassador for the Duke of Edinburgh’s Award.

“I am honored to join mPokket as an advisor and contribute to their journey towards becoming a leading force in India’s youth growth story over the next decade. With a commitment to education, youth development, and financial inclusion, mPokket is poised to make a significant impact, and I’m excited to be a part of this journey.” Todd Ruppert, said in a statement.

mPokket has disbursed ~US$2 billion in loans till date with minimal default rates powered by its proprietary AI-based underwriting algorithm. The company recently announced a $61 million debt raise from BPEA credit.

Here are 5 reasons why you can’t miss Amber Girls School on Amazon miniTV

Mumbai, 2nd May 2024: Amazon miniTV, Amazon’s free video streaming service, recently released its riveting coming-of-age teenage drama, Amber Girls School. The series follows Ojaswini as she moves from being a teenager to becoming an adult, delving into the difficulties of adolescence set against the backdrop of 2008. Produced by Reliance Entertainment Studios and directed by Rajlaxmi Ratan Seth, the series captures the clash between traditional values and the modern aspirations of young women. Along with bringing a compelling narrative of rebellion, self-discovery, and the pursuit of individuality, here are the top 5 reasons why Amber Girls School must be on your binge-watch list.

● An intriguing narrative that questions the changing dynamics of growing up : Set in the premise of an all-girls school, the series Amber Girls School offers a unique cultural setting that intensifies the narrative, with a blend of teenage struggles, high emotions, and a compelling storyline. With a conflict between the desire to venture into impermissible adventures or march towards a well-planned goal, the narrative deftly unfolds the drama and development of each character.

● Exploration of teenage life and challenges: The series delves into the heart of adolescence, exploring a variety of struggles faced by them in a conservative society. Taking the viewers through the journey of Ojaswini and her friends, the series showcases the struggles, curiosity and excitement of transitioning into adulthood while one goes through rapid changes. It also offers a raw and unfiltered look at the lives of teen girls who are not afraid to push boundaries and break free from societal expectations.

● Emotional depth and relatable storyline: The series touches on various relatable themes that resonate with the audience. From the daily conflicts in family and its complex dynamics to school life and financial highs and lows, the storyline explores the world of sisterhood, aspirations and self discovery. The emotional aspect of the series will take the viewers through each character’s journey, resounding with their joys, struggles, and triumphs while navigating through different challenges.

● Talented cast ensemble with character development: Led by the talented Celesti Bairagey as Ojaswini, the cast of Amber Girls School also features Kajol Chugh, Adrija Sinha, Ishika Gagneja, Harsh Khurana, and Shruti Panwar in pivotal roles. Through their powerful performances, they bring depth and authenticity to their roles. The series showcases the unique challenges encountered by each girl.

● Watch for free: Immerse in the journey of self-discovery and defiance against traditional constraints with Amber Girls School for free on Amazon miniTV. There is no need to pay anything to tune in to this engrossing coming-of-age teenage drama on a subscription basis. It is now available to stream on Amazon miniTV and Fire TV within the Amazon Shopping App and on Play Store.

Dive into the captivating world of Amber Girls School exclusively on Amazon miniTV, available on Amazon’s shopping app, Prime Video, Fire TV, Smart TVs, and Play Store!

Bluevine Invests in Financial and Mental Well-Being to Help Improve Personal and Professional Lives for Employees

With a vision to create balance and growth in the lives of its employees and long-term investment in its human capital, Bluevine India has announced expanded employee benefits through enhanced plans with Modern Health and NorthStar, a leading mental health platform and an all-in-one financial advisor, respectively.

These new tie-ups have been introduced under Bluevine’s new Employee Value Proposition (EVP) program, comprised of five foundational pillars: Culture, Wellness, Growth, Rewards, and Values. This approach defines the essence of employment at Bluevine, highlighting the company’s commitment to holistic employee well-being.

Talking about how these new programs have been benefiting the employees, Mr. Ritesh Kumar, Manager, Customer Success, Bluevine India said, “Partnering with Modern Health and NorthStar has truly transformed how my team and I approach well-being. Having the benefit of accessibility to mental health resources and financial guidance at the workplace allows me to focus on my performance while not ignoring other crucial aspects of my life. This holistic support system empowers me to thrive both personally and professionally.”

Modern Health is a leading mental health platform that provides employees at Bluevine with a comprehensive suite of mental health solutions allowing them to come to work with a positive mental attitude. The facilities that Bluevine employees can access through these resources include: virtual therapy sessions, coaching, self-guided resources, and community support groups. Every January, the annual package renews, offering 12 sessions per calendar year to all employees and their dependents, regardless of their joining date, ensuring that the employees always have access to sufficient support at all times.

Through Bluevine’s partnership with NorthStar, an all-in-one financial advisor and personal finance tools platform, the Company aims to increase employee satisfaction by ensuring that their compensation packages are working to help employees achieve larger life goals. The employees benefit from personalised financial guidance, budgeting assistance, and decision-making tools that help them make informed financial decisions and optimise their compensation and benefits package.

Speaking about Bluevine’s dedication towards its employees’ well-being, Ms Payal Singh, Head Of People, Bluevine India, said, “At Bluevine, we prioritise the overall well-being of our employees. We chose to work with Modern Health and NorthStar to provide comprehensive support beyond traditional benefits that create long-term impact. By offering mental health solutions and personalized financial guidance, we aim to better the quality of life of our employees. We firmly believe in creating a harmonious workplace where both positivity and productivity are given outcomes.”

Complementing these partnerships are crucial initiatives such as Bluevine Voices – employee-led groups promoting inclusivity. Notable groups include Women’s Voices, Pride Voices, and Abled Voices, each addressing unique aspects of diversity and fostering a sense of belonging.

Recently celebrating 10 years in business that included passing milestones for 500,000 customers served and over $14 billion in loans delivered, and currently trusted with more than $1 billion in managed customer deposits, Bluevine continues to be a pioneer and U.S. market leader with its small business digital banking platform. All these initiatives underscore Bluevine’s commitment to creating a workplace that sees each employee as a whole person – prioritizing mental health, financial well-being, and inclusivity, and fostering an environment where all employees feel seen and valued.