Category Archives: Business

Igniting Gen Z Innovation: Samsung India Launches ‘Solve For Tomorrow 2025’ Competition With Over INR 1 Crore In Grants

Bengaluru, India, May 6, 2025: Samsung, India’s largest consumer electronics brand, unveiled the fourth iteration of its Samsung ‘Solve for Tomorrow’ initiative – a nationwide contest designed to inspire students to create innovative solutions to address some of society’s most pressing challenges by leveraging technology.

Samsung ‘Solve for Tomorrow 2025’ will provide INR 1 crore to the top four winning teams to support the incubation of their projects, along with hands-on prototyping, investor connects, and expert mentorship from Samsung leaders and IIT Delhi faculty.

This recognition highlights the significance of nurturing solutions that not only excel in the competition but also transcend it, ultimately evolving into scalable and sustainable ventures that will play a pivotal role in shaping communities across India.

The programme, spanning six months, invites students aged 14-22 to submit their tech ideas as either individuals or groups. This year, participants are encouraged to create solutions across four key themes: AI for a Safer, Smarter, and Inclusive Bharat; Future of Health, Hygiene, and Well-being in India; Social change through Sports and Tech for Education and Better Futures; and Environmental Sustainability via Technology.

“With Solve for Tomorrow, we are inspiring young innovators across every corner of India to dream big, tackle real-world challenges, and shape a smarter, more inclusive future through technology. This year, Solve for Tomorrow is going to be even bigger and more inclusive. We are reaching more cities, engaging students from more schools and colleges, and creating avenues for them to innovate, while applying the principles of design thinking. Solve for Tomorrow stands as a testament to our unwavering commitment to the Government of India’s pioneering #DigitalIndia initiative that empowers our youth to become architects of the future,” said JB Park, President & CEO, Samsung Southwest Asia.

“IIT Delhi is excited about fostering innovation, entrepreneurship, and real-world problem solving among youth. Our collaboration with Samsung Solve for Tomorrow offers mentorship, research infrastructure, and technical guidance to help the young turn their ideas into products that impact society. We are delighted to be part of this initiative that enables socially conscious innovation and contributes to Viksit Bharat,” said Prof Rangan Banerjee, Director, IIT Delhi.

“India’s young innovators are at the heart of achieving the Sustainable Development Goals by 2030 and realizing the vision of a Viksit Bharat by 2047. With more young minds to tap solutions than any country ever before, India is uniquely positioned to lead with ideas that address local challenges and inspire global change. Initiatives like Samsung’s Solve for Tomorrow provide a vital platform for young people to turn their ideas into solutions for the global good, using technology to drive inclusive and sustainable progress. The UN in India is proud to support such collaborations, especially with the private sector, that uplift youth leadership, innovation, and action, ensuring that we leave no one behind,” said Shombi Sharp, United Nations Resident Coordinator in India.

“Young people hold the key to solving today’s most urgent global challenges. Initiatives Iike Solve for Tomorrow 2025 empower them to turn their ideas into reality using technology. We are excited to see solutions that help scale youth-led ideas to drive real change across communities,” said Abhishek Singh, Additional Secretary, Ministry of Electronics & Information Technology (MeitY).

The fourth iteration of Samsung India’s flagship Corporate Social Responsibility (CSR) initiative aims to involve thousands of participants, offering more than 82,000 hours of extensive training in Design Thinking, Hands-on Prototyping, Go-to-Market Strategies, and Business Planning. In the final phase, teams selected as finalists will benefit from specialized training and mentorship provided by Samsung, IIT Delhi, and industry professionals.

‘Solve for Tomorrow 2025’ was inaugurated at IIT Delhi in the presence of all partners on Tuesday. Present at the event were Dr Sapna Poti, Senior Director, Office of Principal Scientific Adviser to the Government of India, Shardul Rao, Scientist C, Department of Science & Technology, Government of India and P. S. Madanagopal, CEO, MeitY Startup Hub.

From ideas to impact: Programme stages

The application window for the initiative will be open from April 29 to June 30, 2025. During this period, Samsung will host immersive design-thinking workshops in schools and colleges across the nation, empowering participants with essential problem solving and ideation skills.

After the initial application phase, the top 100 teams will be chosen, with 25 teams selected from each of the themes. At this stage, participants will undergo online training led by thematic experts, followed by a video pitch round where 40 teams will be shortlisted – 10 teams from each theme.

The top 10 semi-finalist teams from each theme will then progress to an intensive mentorship program guided by Samsung’s industry veterans and subject matter experts. These teams will also participate in curated learning visits to Samsung’s state-of-the-art facilities, including the Samsung R&D Institute India in Bengaluru, Noida, and Delhi, as well as Samsung Design Delhi, offering them first-hand exposure to world-class innovation ecosystems.

This phase will culminate in an experiential, hands-on Prototyping Programme at Delhi’s state-of-the-art labs, in collaboration with ‘Solve for Tomorrow’ alumni. There will also be a Residential Bootcamp focused on refining ideas and preparing for the final pitch. The top 20 teams will be finalized after this phase, with five teams from each theme advancing to the grand finale. These top five teams from each theme will receive exclusive one-on-one mentoring sessions with Samsung experts. They will participate in a Prototyping Day, Pitch Presentation, Investor Meet, and Awards Ceremony, all held over the last three days of the competition.

What is in it for the participants

The top 100 teams will receive certificates of achievement. The top 40 teams will receive INR 8 lakh and the latest Samsung laptops for every member. The top 20 will receive with INR 20 lakh and the latest Samsung ZFlip smartphones for each member.

In addition, special awards include the Goodwill Award, Young Innovator Award, and Social Media Champion, with a total prize amount of INR 4.5 lakh.

The four winning teams will collectively receive a grant of INR 1 crore for incubation at IIT Delhi, providing substantial resources to accelerate their innovative projects. This funding aims to nurture their ideas into reality.

Jindal (India) Limited Hosts Retailer Meet ‘Milaap’ in Lucknow; Plans to Further Strengthen Presence in the Region

Lucknow, Uttar Pradesh, May 06, 2025: Jindal (India) Limited, part of prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, successfully hosted Milaap, a retailers meet, in Lucknow. The event, attended by senior company officials from the company, was organised to engage and interact with leading retailers in the region. The meet was organised in collaboration with company’s authorized dealer M/s Anand Steel Rooftech and was attended by approximately 80 retailers.

In line with Jindal (India) Limited’s strategy to further strengthen its geographical presence across India, the company, at the event, showcased its range of advanced coated steel products, each designed to meet the specific demands of various industries while ensuring high performance and durability. Among these was Jindal Sabrang, an offering from Jindal (India) Limited that redefines the aesthetics of steel by introducing a vibrant array of colour-coated options with exceptional corrosion resistance in outdoor applications.

In addition, the company apprised the retailers about Jindal NeuColor+, a range that represents the pinnacle of premium coated steel products, offering a combination of advanced technology, aesthetic versatility, and long-lasting durability. The product offering from Jindal (India) Limited, is engineered with a special coating process that makes the steel sheet exceptionally resistant to corrosion and colour fading.

“A leading national player, Jindal (India) Limited has a strong foothold in the East and the South markets in India. The company will continue to further penetrate the current markets and, simultaneously, will strengthen its presence in the Northern and the Western regions of the country. The Milaap Retailer meet is a strategic step to educate retailers about Jindal (India) Limited’s premium and innovative offerings that are also witnessing a strong demand in the Lucknow market,” said a Jindal (India) Limited’s spokesperson.

As part of this initiative, Jindal (India) Limited’s representatives also discussed the company’s plans for the region, gather first-hand feedback from the retailers and address any challenges that they may be facing. This has helped Jindal (India) Limited to network with the retailer partners, driving growth across the region for the company and further strengthening the company’s position as a trusted partner.

Kiara Advani’s Met Gala 2025 Debut in Gaurav Gupta Couture

For the 2025 Met Gala, themed Superfine: Tailoring Black Style, couturier Gaurav Gupta unveils Bravehearts -a custom couture creation worn by Kiara Advani. Designed before her journey into motherhood, the sculptural look is both a personal milestone and a profound statement on identity and lineage.

 Rooted in the philosophy of Black dandyism, Bravehearts honours a legacy where fashion became a radical act of resistance and identity. For Gaurav, the pioneers of this movement were not just style icons – they were cultural heroes. Their courage in using elegance as defiance opened portals for new expressions and generations to come. Bravehearts is named in tribute to this bravery, the kind that not only shapes one’s own identity, but also transforms the future.

 Bravehearts pays homage to the legendary André Leon Talley, whose commanding presence and advocacy of emerging designers redefined fashion’s relationship with power, culture, and identity. His legacy at Vogue and within Black fashion history is deeply embedded in the look’s very structure — a tribute to fashion as resistance. The structured white cape enveloping Kiara nods to André Leon Talley’s 2010 Met Gala appearance, wrapping the body like both shield and statement. Talley’s legacy as a fashion gatekeeper and advocate for Black creatives underpins the look’s emotional and cultural framework.

 At the core of the look is a hand-moulded gold metal breastplate shaped like a heart, adorned with crystals and ghungroos (bells). Rising from it is a Small Heart for the child – connected by delicate chains forming an abstract umbilical cord. Together, they represent protection, lineage, and the quiet power of motherhood passed from one generation to the next. A reminder that the battles we fight – for identity, dignity, and self-expression are never fought alone.

 Couturier Gaurav Gupta shares, “Bravehearts is about transformation — emotional, physical, generational. In creating this piece for Kiara, we wanted to honour her motherhood and pay homage to the bold elegance of Black style. The look bridges continents and histories, merging a deep symbolism with the radical refinement of Black dandyism.”

 Kiara Advani adds, “Making my Met Gala debut at this point in my life, as both an artist and mother-to-be feels incredibly special. When my stylist, Anaita Shroff Adajania , approached Gaurav to design my look, he created ‘Bravehearts’, a vision that honours the transformative phase I’m stepping into connecting it beautifully to this year’s dress code ‘Tailored for you.’ Inspired by the legacy of André Leon Talley we reflected on what it means to show up with intention, individuality and strength . This is a silent tribute to that — it’s a reminder that everything we do, paves the way for the next generation.”

 In Bravehearts, Kiara doesn’t just wear couture — she wears a message. Sculptural, sovereign, and soul-stirring, the look speaks to the Met’s theme while carving a space uniquely her own. The gown was created in collaboration with celebrity stylist, Anaita, who facilitated the creative exchange between Gaurav and Kiara to bring this vision to life.

Leadership Transition at Skoda Auto Volkswagen India with focus on the Local Talent

Mumbai: Monday, 05 May 2025: Škoda Auto Volkswagen India Private Limited (SAVWIPL) today announced a key leadership transition with the appointment of Mr. Ashish Gupta as Brand Director of Škoda India, effective 1st May 2025. Mr. Ashish Gupta, currently Brand Director of Volkswagen Passenger Cars, takes over from Mr. Petr Janeba, who concludes his successful tenure in India and returns to Škoda Auto, Czech Republic. Mr. Janeba, who has been a part of the Škoda family since 1999, played a crucial role in strengthening the brand’s positioning and driving customer-focused growth strategies during his time in India.

Mr. Ashish Gupta brings with him over two decades of automotive industry experience, including more than 12 years with the Volkswagen Group in various roles across functions, including 5 years at the helm of the Volkswagen brand in India. In his new capacity, Ashish will focus on accelerating Škoda’s growth strategy, deepening customer trust, expanding network strength, and building a sharper, more resonant brand presence in India.

Mr. Nitin Kohli, currently responsible for Sales and Operations at Audi India, will assume the role of Brand Director of Volkswagen Passenger cars as of 1st May 2025. He has over 25 years of experience in automotive sales, including over 12 years with Škoda Auto Volkswagen India. With expertise in business development, strategic planning and cross-functional collaborations, Nitin is poised to take the Volkswagen brand to new heights in India.

The above changes are a strong testament to the company’s commitment to recognising and nurturing homegrown talent, while empowering leaders who understand the evolving dynamics of the Indian market.

Piyush Arora, CEO & Managing Director, SAVWIPL, said, “The changes in leadership reflects our continued commitment to localisation and development of capabilities within our Indian organisation. Empowering strong Indian leaders remains a core element of our growth strategy, ensuring we stay agile, relevant, and better aligned with the evolving needs of our customers and the business environment. With their deep market insight and strategic acumen, Ashish and Nitin are ideally positioned to lead brands Škoda and Volkswagen into the next phase of growth in India. At the same time, I would like to thank Mr. Petr Janeba for his valuable contribution during his time with SAVWIPL and wish him all the best in his future role.”

Jan Bures, Board Member and Executive Director, Sales, Marketing & Digital, SAVWIPL, said, “Ashish and Nitin have consistently delivered impact with agility and customer-centric thinking. Their appointment is not just a leadership change—it signals a broader shift in how we are building resilient, future-ready teams from within India. We are confident that both Ashish and Nitin will bring renewed energy and direction to the India journey of brands Škoda and Volkswagen.”

The Cost Benefits of EVs – Empowering India to Go Electric

Chennai, 05.05.25: Electric vehicle (EV) ownership in India is gaining momentum, driven by the clear cost advantages it offers over traditional internal combustion engine (ICE) vehicles. Despite the slightly higher initial acquisition cost, the long-term benefits make EVs a smart choice for buyers seeking sustainable and cost-effective mobility solutions. TATA.ev leads the charge in bringing price parity between EVs and comparable ICE models. With lower running and maintenance costs, EVs are the future and redefining the economics of car ownership.

 According to the VAHAN data, the electric passenger vehicle segment has seen a remarkable surge, with retail sales reaching over 89,000 units in CY 2024, marking a 22% increase from the previous year. This growth reflects a broader trend in the EV market, which saw a total of 19 Lakh units sold, representing a 27% overall increase. Besides its economic benefits, this rising consumer interest in EVs is also driven by the expanding support from both manufacturers and government initiatives.

 The Financial Edge of EVs
A closer examination of the costs associated with EV ownership reveals substantial savings across multiple fronts. The total acquisition cost for models like the Nexon.ev is becoming increasingly competitive, as battery prices continue to decline. When compared to equivalent petrol, diesel, hybrid, and CNG vehicles, the Nexon.ev offers a favorable cost proposition, making EVs more accessible to a broader range of consumers.

 Beyond the initial purchase, the ongoing cost benefits of EVs become even more apparent. Charging an EV is substantially more economical than fueling an ICE vehicle. Additionally, lower maintenance costs due to fewer moving parts further enhance the appeal of EVs as a cost-effective option. The integration of rooftop solar systems adds another layer of savings, allowing EV owners to achieve zero cost mobility and reduce energy costs by utilizing renewable energy for charging, making the shift to electric mobility even more advantageous.

IN10 Media Network Announces Leadership Expansion Across its Digital Platforms to Bolster Content and Business Synergy

MUMBAI, 5th May 2025: As part of its strategic vision, IN10 Media Network has announced expanded mandates for two of its key leaders across DocuBay and EPIC ON.

Samar Khan, who has been the Chief Executive Officer at Juggernaut Productions, will now also take on the additional role of Chief Content Officer for both DocuBay and EPIC ON. In this expanded capacity, he will lead the creative vision and content strategy for both platforms, further strengthening their distinct storytelling identities.

Sourjya Mohanty, currently the Chief Operating Officer at EPIC ON, will now additionally take on the responsibility of Chief Operating Officer at DocuBay. With this dual mandate, he will oversee and lead business and operational functions across both platforms.

 Together, they will focus on deepening synergies across IN10’s digital content ecosystem while positioning both platforms at the forefront as a premier destination for fresh, relevant, and globally resonant digital platform.

Speaking on the leadership elevation, Aditya Pittie, Managing Director, IN10 Media Network, said:

 “Samar and Sourjya’s expanded roles reflect the confidence we have in their leadership and vision. In today’s rapidly evolving ecosystem, success lies at the intersection of strong content and sound strategy. At IN10 Media Network, we are committed to building a future-ready digital content business—one that is driven as the premium destination of documentaries and other is for the fictional storytelling excellence. This leadership realignment is a key step in advancing that mission and solidifying our position in the digital media landscape.”

Borosil unveils the superb stainless steel lunch box set Desh ka Dabba for rural India

Gurugram, 5th May, 2025— Borosil, a leading name in kitchenware and consumer products, launched its new range of stainless-steel lunch boxes—a thoughtful addition to the Indian rural kitchen designed to keep the meals fresh, warm, and full of flavour—at a special event held at ITC Grand Bharat, Gurugram. Chef Harpal Singh Sokhi unveiled the lunch box with steel containers, a water bottle, and a lunch bag.

Specifically designed to cater to the needs of rural communities across India, it’s not just a lunch box—it’s a daily companion to your workplace for your ‘Ghar ka Khana.’ There’s something special about a home-cooked meal—the taste, the warmth, and the comfort it brings, especially during a long day at work. Light in weight, strong in build, leak-resistant lid, and easy to clean, the Superb Stainless Steel Lunch Box keeps your food safe, warm, and neatly packed while commuting. It has enough space for a full meal, keeping the food items organized and separate — dry sabzis, dals, and rice can all be packed without leaks or spills.

Ms. Barnali Shankar, AVP – Marketing, Borosil Ltd., added, “Food from home has a comfort of its own. Designed for real-life Indian kitchens, this lunchbox is more than just a container—it’s a daily reminder of home-cooked comfort, no matter where your day takes you. It is a celebration of both practicality and sentiment. Keeping this simple joy in mind, every ‘Desh ka Dabba’ is a gentle reminder for those who go out each day carrying a home-packed meal with love every day. And we’re proud that this product is made in India and built for our rural kitchens, families, and daily lives.”

At the launch event, Chef Harpal Singh Sokhi said, ”As someone who travels often, I know how important it is to carry good food that stays fresh, spill-free, and neatly organized when traveling long distances. From the first bite, you know—the food is just the way you packed it. Hot rotis, fresh sabzi, and the same familiar taste. That’s what makes this lunch box special. Made for Indian meals and made with care, this lunch box keeps your meals wholesome and your mood happy, even on the busiest days.”

Baroda BNP Paribas Gilt Fund Celebrates 23rd Anniversary; Crosses Rs1,500 Crore AUM with Over 4X Growth for Investors

Mumbai, May 05, 2025: Baroda BNP Paribas Mutual Fund, one of India’s leading asset management companies, is commemorating the 23rd anniversary of its flagship fixed income offering — Baroda BNP Paribas Gilt Fund with a dual milestone of surpassing the ₹1,500 crore in Assets Under Management (AUM) mark, underlining growing investor confidence in long-duration government bond strategies.

Since inception, the Baroda BNP Paribas Gilt Fund has delivered consistent long-term returns, transforming an initial investment of ₹10,000 into ₹41,919.60 as of March 31, 2025 — an over four-fold increase. Over the past 12 months alone, the scheme’s regular plan has provided an impressive 9.61% return, making it a preferred choice for investors seeking low-risk, long-duration debt investments with capital appreciation potential.

Managed by Gurvinder Singh Wasan, CFA, Senior Fund Manager and Prashant Pimple, Chief Investment Officer – Fixed Income at Baroda BNP Paribas Mutual Fund, the scheme primarily invests in high-quality, risk-free government securities and State Development Loans (SDLs). The fund takes strategic duration calls to capture potential gains from expected RBI interest rate cuts, making it an ideal option for investors looking to benefit from a falling interest rate environment. With the latest RBI monetary policy changing its stance to accommodative from neutral, schemes such as these, are well positioned to benefit from the capital appreciation that will result from the RBI cutting repo rates.

“We expect to run a portfolio duration close to the duration of the benchmark 10-year G-Sec security. This is based on our view that rates can come down lower given inflation adjusted real rates are still in positive zone. The portfolio of the Baroda BNP Paribas Gilt Fund is positioned to actively benefit from the spreads between G-Secs and SDLs as well as from our expectations of softening of the yield curve led by positive fundamentals for India’s bond markets,” said Prashant Pimple, Chief investment officer Fixed income, Baroda BNP Paribas Asset Management (India).

The fund maintains zero default risk, ensuring stable and secure returns. It’s growing AUM and consistent performance reaffirm its position as one of the best gilt mutual funds in India.

Archana Aggarwal Timeless Jewellery Unveils Elegant Lightweight Jewellery Collection for Mother’s Day

Archana Aggarwal Timeless Jewellery introduces an exclusive collection of lightweight jewellery, designed to honour the enduring love and quiet strength of Mothers. These delicate yet meaningful pieces reflect the effortless elegance and timeless bond shared between a mother and her loved ones.

The collection embodies the essence of motherhood, gentle yet powerful, subtle yet unforgettable. Each piece is crafted for everyday wear, offering comfort without compromising on sophistication. From dainty diamond pendants to minimalist floral inspired designs, the jewellery serves as a daily reminder of a mother’s unwavering presence.

Among the highlights is the Petal Symphony necklace, a delicate floral diamond set in white gold, symbolizing a mother’s everlasting affection. The Eternal Radiance studs capture the beauty of nature, much like a mother’s nurturing spirit, while the Blush Charm slim bracelet in Ruby wraps around the wrist like a comforting embrace.

Archana Aggarwal, Founder & Creative Designer, shares, “A mother’s love is both tender and profound, much like the jewellery we create. This collection is designed to be as wearable as it is sentimental, allowing mothers to carry love with them in every moment.”