Category Archives: Business

SANY India showcases localization excellence at Bharat Mobility Global Expo 2025

Mumbai / Greater Noida, January 20th, 2025: SANY India, a leading manufacturer of construction equipment, participates at the 2nd edition of Bharat Mobility Global Expo 2025, showcasing its commitment to the ‘Make in India’ initiative. With an impressive lineup of localized products and innovations, the company reinforces its dedication to self-reliance, sustainability, and advancing India’s manufacturing ecosystem.

SANY India’s stand at the expo demonstrates the brand’s aggressive localization strategy. Manufactured at its state-of-the-art facility in Chakan, Pune, these products include critical components such as engines, hydraulic pumps, travel and swing devices, track rollers, and hydraulic cylinders—all sourced and produced domestically. This strategic shift significantly reduces import dependency while boosting local manufacturing capabilities.

Highlighting its commitment to sustainable innovation, SANY India is showcasing advanced electric machinery, including electric mining dump trucks, electric forklifts, and terminal tractors. These eco-friendly solutions reflect the company’s dedication to minimizing environmental impact while enhancing operational efficiency across industries.

Aligned with the expo’s theme, “विकसित भारत के विकासरथ” (Viksit Bharat ke Vikasrath), SANY India continues to lead infrastructure development and drive economic progress. By integrating cutting-edge technology with localized manufacturing excellence, SANY India empowers the nation with solutions that promote growth, self-reliance, and sustainability.

Speaking on the occasion, Mr. Sanjay Saxena, COO Sales, Marketing & Customer Support, SANY HEAVY INDUSTRY INDIA PVT. LTD, said, “At SANY India, we take immense pride in our commitment to the ‘Make in India’ and ‘Made in India’ initiatives. The Bharat Construction Equipment Expo 2025 is a platform for us to showcase our localized manufacturing capabilities and eco-friendly solutions that are shaping the future of India’s infrastructure. Our advanced electric machinery and domestically produced components reflect our dedication to innovation, sustainability, and reducing import dependency. Through these efforts, we are empowering industries and contributing to India’s journey toward becoming a global manufacturing hub.”

Visitors can experience SANY India’s innovative products and learn more about the company’s commitment to building a self-reliant India at its pavilion, which stands as a testament to the brand’s vision of contributing to a “Viksit Bharat.”

From Italy to Your Home: Antique Console by The Great Eastern Home

The Great Eastern Home is delighted to unveil an extraordinary piece from its antique collection — a magnificent Italian Console from the late 1800s. This exquisite creation is a celebration of traditional craftsmanship, bringing together the art of fine woodworking and marble detailing to create a masterpiece that transcends time.

The console is adorned with symmetrical carvings that draw inspiration from the natural beauty of shells and plants, capturing the essence of Italian design. Its robust yet elegantly curved legs create a captivating visual balance, showcasing an interplay of opposing volutes. Despite the depth of its intricate carvings, the overall effect is lightness and grace. The scrolling base provides stability, anchoring the entire piece and reflecting the artisan’s exceptional skill.

Adding to its allure is the two-toned polish, which enhances its visual harmony and balances the overall composition. Measuring 56 inches in length, 40.5 inches in height, and 24 inches in depth, this console is a statement piece that blends functionality with artful sophistication.

But this Italian Console is just one gem among many at The Great Eastern Home. The collection features an array of rare and extraordinary furniture, each telling its own unique story. From intricately carved cabinets to elegantly upholstered seating, every piece invites you to explore a world of timeless elegance and impeccable design.

Visit The Great Eastern Home to explore not just this stunning Italian Console, but a world of antique treasures and contemporary classics that promise to transform your living spaces into a haven of luxury and refinement.

TVS Launches India’s First Bluetooth-Connected Electric Three-Wheeler: King EV MAX

Chandigarh, January 21, 2025: TVS Motor Company – a leading global automaker that operates in the two and three-wheeler segments, today announced the launch of its connected passenger electric three-wheeler, TVS King EV MAX. The vehicle has best-in-class features including Bluetooth connectivity through TVS SmartXonnect™. The TVS King EV MAX combines innovative technology with eco-friendly solutions, catering to the growing demand for sustainable urban mobility.

Speaking at the launch, Mr. Rajat Gupta, Business Head, of Commercial Mobility, at TVS Motor Company, said, “The launch of TVS King EV MAX is a significant step forward in our commitment to providing sustainable solutions for last-mile connectivity. As urban areas continue to grow, the demand for clean mobility options has never been more critical. The TVS King EV MAX combines advanced electric propulsion with superior comfort and connectivity. The distinctive blend of long-range, impressive acceleration and quick charging time guarantees high uptime, enabling more trips and increased earning potential for customers, including fleet operators. The vehicle is being launched in UP, Bihar, J&K, Delhi, and West Bengal, right away. It will be available across the country in the coming months.”

With a range of 179 km on a single charge, quick charging in just 2 hours and 15 minutes for 0 – 80% charge and 3.5 hours for 100% charge; smart features like TVS SmartXonnect™, the King EV MAX offers users real-time navigation, alerts, and vehicle diagnostics through their smartphones. It combines excellent performance, comfort, and connectivity, making it a standout choice for modern urban mobility.

The TVS King EV MAX is powered by a high-performance 51.2V lithium-ion LFP battery enabling making it perfect for urban commuting. With a top speed of 60 km/h (ECO Mode: 40 kmph; City: 50 kmph; Power: 60 kmph), the vehicle ensures efficient travel while maximizing passenger comfort through its spacious cabin and ergonomic seating design.

The TVS King EV MAX is now available across select dealerships in UP, Bihar, J&K, Delhi and West Bengal, at a price of Rs. 2,95,000/- (ex-showroom). It also comes with a warranty of 6-years / 150,000 km (whichever is earlier), along with 24/7 road-side-assistance for the first 3 years.

Tata Power EZ Charge at Bharat Mobility Global Expo 2025

Chandigarh, 21 January 2025: Tata Power EZ Charge, India’s leading provider of EV charging solutions, took centre stage at the Bharat Mobility Global Expo 2025, showcasing its vast infrastructure network and various offerings across customer segments.

At the event, Tata Power EZ Charge highlighted its unwavering commitment to ensuring seamless EV adoption in India through a multifaceted approach that combines technological innovation, green energy integration, and strategic network expansion. The company’s EV charging solutions are dedicated to removing range anxiety by offering a robust and expansive charging network that spans city locations, residential societies, highways, commercial hubs, and beyond.

The Company showcased its offering across various segments covering Passenger Cars, Buses, Trucks, Fleets and others.

The Company’s EZ Charge mobile app, a key focus at the event, empowers users with real-time updates, enabling them to locate chargers, check availability, and manage charging sessions effortlessly—a significant step towards reducing range anxiety among EV owners.

The Company also offers RFID cards RFID enabled cards to EV owners in India. Tata Power EZ Charge enabled RFID cards can make charging at any Tata Power charging outlet considerably easier, removing the need to launch a charging session via a mobile application. The RFID card may be used by any EV owners, regardless of brand.

The stall featured innovative solar-powered chargers and advanced charging solutions that emphasize renewable energy utilization. Working prototypes of these chargers, alongside other breakthrough innovations such as fast-charging solutions and AI-driven monitoring systems, demonstrated Tata Power’s capability to push the boundaries of EV charging technology.

Tata Power’s expansive EV charging network now boasts over 5,500 public chargers across 550 cities & towns, complemented by 120,000+ home chargers and 1,100 bus Charging points. With strategically placed infrastructure along 550+ of India’s national highways and key routes connecting major metros, business hubs, tourist & religious destinations that are frequently used by road travellers such as Delhi – Chandigarh , Bengaluru- Chennai , Kolkata- Bhubaneshwar, Mumbai – Goa, Guwhati-Shillong the company ensures seamless long-distance travel for EV owners.

This extensive network plays a critical role in reducing range anxiety and enabling EV adoption across urban, rural, and highway locations. Our wide-reaching charging network has facilitated over 165 million green kilometers, driving the shift toward a cleaner, greener future

As part of its sustainability efforts, Tata Power has introduced green energy-powered chargers, including solar-integrated solutions, furthering its commitment to reducing reliance on conventional energy sources and promoting clean transportation. These chargers are designed to provide efficient, eco-friendly solutions, reinforcing Tata Power’s position as a leader in sustainable e-mobility. The Company has over 1000 green-powered chargers across the country.

To accelerate EV adoption, Tata Power EZ Charge has partnered with all major leading OEMs like Tata Motors ,Jaguar Land Rover etc resulting in the installation of over 5500 public / semi public charging points nationwide. These collaborations ensure compatibility and convenience for a wide range of EV models, catering to diverse user needs. Tata Power’s state-of-the-art Network Operations Centre (NOC) in Mumbai monitors this vast network in real time, ensuring optimal performance and rapid resolution of technical issues, thereby delivering a seamless and reliable charging experience.

Looking ahead, Tata Power plans to significantly expand its EV charging footprint by installation of high-speed chargers across key highways over the next five years. This growth strategy focuses on enhancing accessibility in major metropolitan areas, underserved rural regions, and high-traffic tourist destinations, aligning with the growing demand for EVs and the Indian government’s vision for sustainable transportation.

The company’s efforts are aligned with national initiatives such as the EV30@30 campaign, which targets 30% EV penetration in new car sales by 2030, and the National Electric Mobility Mission Plan (NEMMP). By integrating renewable energy solutions, expanding infrastructure, and addressing range anxiety through technological innovation, Tata Power is actively supporting India’s clean energy transition and net-zero aspirations. With its robust infrastructure, innovative technologies, and unwavering focus on sustainability, Tata Power EZ Charge is at the forefront of India’s e-mobility revolution, paving the way for a cleaner, greener, and more accessible future for all.

Tata Power Launches Advanced Distribution Tech Centre in Odisha

Chandigarh, January 21 2024: TPCODL, a joint venture of Tata Power and the Government of Odisha, has unveiled a state-of-the-art Power Distribution Technology Centre in Bhubaneswar today, marking a transformative leap in distribution network management and operational excellence.

The centre was inaugurated by Shri K. V. Singh Deo, Hon’ble Deputy Chief Minister, Government of Odisha, in the esteemed presence of the Shri Manoj Ahuja, Chief Secretary, Government of Odisha; Dr Praveer Sinha, CEO&MD, Tata Power; Mr Sanjay Banga, President T&D; Tata Power, CEOs of Tata Power led Odisha discoms- TPCODL, TPSODL, TPWODL and TPNODL and other senior officials from the Government and Tata Power.

This cutting-edge technology hub integrates advanced Operational Technology (OT) and Information Technology (IT) systems, along with a 24×7 Power System Control Centre (PSCC) that ensures real-time network monitoring, seamless system operations, and uninterrupted power supply across Odisha. It will help to improve the resilience of the power distribution network while ensuring seamless operations across the state.

“The Power Distribution Technology Centre is a key step in making Odisha a hub of distribution excellence. With advanced infrastructure and technologies, it ensures resilient and reliable power for the state. It reflects our vision for a future-ready energy ecosystem that supports both consumers and industries. I commend Tata Power for its unwavering commitment to strengthening power distribution in Odisha.” said Shri K. V. Singh Deo, Hon’ble Deputy Chief Minister and Energy Minister of Odisha at the inauguration.

It is also equipped with Advanced Distribution Management Systems (ADMS), to ensure enhanced network reliability and precise operational control. Geographical Information System (GIS) technology streamlines asset management and consumer indexing, while the Utility Data Stream (UDS) automates energy audits through seamless integration of GIS, billing, and meter management. Real-time weather monitoring and satellite communication further bolster connectivity and operational continuity.

The PSCC manages the 33 kV network, encompassing 224 SCADA-integrated primary substations and their associated 11 kV infrastructure, reinforcing network reliability and efficiency. At the heart of the facility lies a robust Data Centre, housing over 100 racks and 400+ servers. This infrastructure supports critical consumer-facing applications like websites, mobile apps, call centres, and billing systems.

In addition to its technological capabilities, the centre bolsters disaster recovery mechanisms for all four Tata Power led Odisha DISCOMs. The PSCC serves as the Main Control Centre (MCC) for TPCODL and as the Backup Control Centre (BCC) for TPWODL, TPSODL, and TPNODL, ensuring business continuity during any potential disruptions. The BCC located in Sambalpur, plays a critical role in maintaining uninterrupted operations across Odisha.

Since taking over the distribution business, Tata Power led Odisha discoms have consistently upgraded their infrastructure to deliver reliable and sustainable power. The migration to the advanced Technology Centre represents a significant milestone, reflecting the company’s commitment to leveraging advanced technologies for the benefit of its consumers and stakeholders. The inauguration of the Technology Centre underscores the collective vision of Tata Power Odisha DISCOMs to create a technology-driven robust power distribution system. This state-of-the-art facility will help transform Odisha Discoms into one of the most advanced discoms in the country, serving over 5 crore consumers through real-time network monitoring and seamless operations.

Hyundai & TVS Motor to Partner on Last-Mile Mobility Solutions

Chandigarh January 21, 2025: TVS Motor Company and Hyundai Motor Company (HMC) today unveiled concept models of advanced electric three-wheelers and micro four-wheelers at Bharat Mobility Global Expo 2025. The concept models address the pressing need for sustainable mobility and align with the evolving demands of road and urban infrastructure in one of the world’s fastest-growing economies. Together with Hyundai Motor, TVSM is exploring contributing to the last-mile mobility market of India. While binding agreements are yet to be executed, Hyundai Motor is exploring offering design, engineering, and technology while TVSM will contribute towards the manufacture, market, and co-development of the vehicles.

These innovative concepts underline TVSM’s focus on providing mobility solutions that are efficient, exciting, responsible, safe, and sustainable.

Commenting on the announcement, Sharad Mishra, President, of Group Strategy, at TVS Motor Company, said, “TVS is proud to partner with Hyundai to shape the future of urban mobility. By combining Hyundai’s global expertise with our deep understanding of mobility solutions, we aim to develop next-generation micro-mobility solutions that redefine last-mile connectivity. This collaboration reflects our commitment to innovation and sustainability. With a shared vision, we are confident that this partnership will deliver impactful solutions that set new standards in design, engineering, technology, and quality.”

Commenting on the concepts, Mr SangYup Lee, Executive Vice President and Head of Hyundai and Genesis Global Design, Hyundai Motor, said, “Hyundai Motor is a customer-centric brand, and caring for people in India is our first mission. This commitment has driven us to explore designing micro-mobility solutions tailored to India’s unique environment, reimagining the iconic three-wheeler to enhance mobility experiences through thoughtful design. Collaborating with TVS Motor, we aim to locally produce the three-wheeler while exploring global opportunities for the four-wheeler, blending intuitive functionality with the spirit of a rapidly innovating India.”

Baroda BNP Paribas Energy Opportunities Fund: A New Way to Invest in the Growing Energy Sector

Mumbai, January 21, 2025 – Baroda BNP Paribas Mutual Fund has launched the New Fund Offer (NFO) of its Baroda BNP Paribas Energy Opportunities Fund that will open for subscription from January 21, 2025 toFebruary 4, 2025. This scheme enables investors to benefit from the expanding energy sector, as India transitions from a developing to a developed economy.

It is said that “Energy is the key to prosperity”. History shows that countries’ energy demands increase as they transition from developing to developed economies. “As India’s GDP is projected to grow by 1.9x times in the next 5 years, India’s demand for energy is also poised to grow 1.7x times. Our Baroda BNP Paribas Energy Opportunities Fund is positioned to unlock profitable investment opportunities for investors from the developments in India’s Energy sector,” said Suresh Soni, CEO, Baroda BNP Paribas Asset Management India Pvt Ltd (AMC).

Riding India’s Energy Growth Wave

Between 2003 and 2023, Chinese energy consumption, per capita, surged from 1.5 megawatt hours (MWh) to 6.6 MWh#, reflecting strong growth tied to GDP expansion. Similarly, South Korea’s energy consumption has closely mirrored its per capita rise in GDP. India is now on a similar growth trajectory, with broad-based energy demand across households, agriculture, industry, commercial establishments, and infrastructure.

” Energy is a broad investment theme comprising almost a third of the stocks of the Nifty 500 index across a range of sectors and sub-sectors. Further, our research shows that not only does the Nifty Energy Total Return Index (Nifty Energy TRI) have a lower price-to-equity and price-to-book ratio compared to the Nifty 500 Total Return Index, but it also boasts higher dividend yield and faster earnings growth compared to the broader market,” said Sanjay Chawla, Chief Investment Officer – Equity and Fund Manager for the scheme.

Energy sources to meet the demand of the economy include coal, crude oil, gas, nuclear, solar, wind, hydro, geothermal, and hydrogen. The Baroda BNP Paribas Energy Opportunities Fund will allocate at least 80% of its assets to equity instruments of companies involved in exploration, production, distribution, transportation, and processing of traditional and new energy across market capitalizations.

Historically Proven Performance

Research by Baroda BNP Paribas AMC highlights that the Nifty Energy TRI has outperformed the Nifty 500 TRI over 3, 5, 7, and 10-year periods ending 31st December 2024&. This long-term outperformance underscores the potential of the energy theme to generate potential returns for investors across time horizons. “Our Baroda BNP Paribas Energy Opportunities Fund may be considered ideal for equity investors with a holding period of three years or more,” added Mr. Soni.

A Future-Ready Portfolio

The scheme will focus on investment opportunities across the traditional energy chain as well as new energy transitions. “Indian energy demand is a secular story that will be powered by the doubling of the size of India’s middle class, lifestyle changes driven by higher incomes, and energy transition. In addition, government’s focus on improving India’s energy security by more than doubling the share of natural gas to 15% of the energy mix by 2030 and boosting our coal security coupled with, the government’s plan to invite bids for 50 Gigawatt of renewable energy capacity annually between FY24-28 will see India’s solar power capacity grow 4X and wind power by 2.5X by 2031-32^. These structural changes aim to open a whole vista of profitable investment opportunities for investors,” added Mr. Chawla.

NSDC honoured as a Great Place to Work, fostering culture of Excellence

Chandigarh, January 21, 2025- National Skill Development Corporation (NSDC) has been recognized with the Great Place to Work® Certification for the second time in a row, affirming its commitment to fostering an exceptional workplace culture for its employees. Awarded in the Non-Profit and Charity category, this certification reflects NSDC’s continuous dedication to employee satisfaction and organizational excellence.

Ved Mani Tiwari, CEO of NSDC and Managing Director of NSDC International, stated, “This is a testament to NSDC’s core values of integrity, inclusion, innovation, and impact, which makes it an inspiration for every member of NSDC to excel. We are committed to nurturing an environment that promotes learning, innovation, and equitable opportunities for all.” He also mentioned that NSDC celebrates its identity as a diverse and inclusive community, emphasizing the importance of mutual trust and respect throughout the organization, which is essential for a productive and rewarding work environment.

The Great Place to Work® is a global leader in workplace culture, helping organizations create a consistently and overwhelmingly positive employee experience. In India, the Great Place to Work® collaborates with over 1400 organizations annually, spanning 22 diverse industries. According to its research, exemplary workplaces share attributes such as effective leadership, a consistently positive employee experience, and a commitment to sustainable financial performance.

NSDC has significantly contributed to India’s skilling ecosystem by facilitating the implementation of several successful upskilling initiatives and vocational institutions which have elevated the benchmarks of skilling in India. With more than 40,000 training centres across 750 districts, NSDC successfully placed 9.4 million candidates, trained over 40.19 million candidates, including 18 million women and 12.9 million individuals from urban and rural India. One of the NSDC’s most transformative initiatives has been the launch of the Skill India Digital Hub (SIDH) which provides a comprehensive platform integrating skilling, employment, and entrepreneurship opportunities.

This latest accolade reinforces NSDC’s position as a leader in skill development in the industry and workplace culture in India, paving the way for impactful changes at both grassroots levels and within the professional landscape.

Vedanta to Seek Final Shareholders’ & Creditors’ Approval for Demerger on Feb 18

Chandigarh, January 21, 2025: Vedanta Ltd. said in an exchange notification that it will conduct meetings of its equity shareholders and secured and unsecured creditors on February 18 to seek their approval on the proposed demerger.

The demerger aims to create five separate entities focused on aluminum, power, oil and gas, steel and ferrous, and certain existing businesses under Vedanta Ltd. As per Vedanta’s earlier exchange filing, the proposed demerger will simplify Vedanta’s corporate structure by creating sector-focused independent businesses, providing global investors, sovereign wealth funds, retail investors, and strategic investors, with direct investment opportunities in dedicated pure-play companies.

Vedanta said in September 2023 that the demerger would provide a platform for individual units to pursue strategic agendas more freely and better align with customers, investment cycles, and end markets. It will help unlock value and provide the potential for faster growth in each vertical. Each company will have its market, demand, and supply trends and the potential to deploy technology to raise productivity. At the same time, the new companies will remain committed to achieving net-zero carbon emissions by 2050 and net water positivity by 2030, the company said.

In November, the Mumbai Bench of the National Company Law Tribunal cleared the way for the meetings of Vedanta’s equity shareholders, and secured and unsecured creditors. Vedanta has already received a go-ahead/no objection from the stock exchanges.

Research firms and brokerage houses have expressed confidence in Vedanta’s demerger, seeing it as a chance of rerating. Emkay Research said in its December report on the mining sector that it believes that “Vedanta’s proposed demerger… focusing on the exposed commodity would open up a case for re-rating, as the investors would take exposure based on the outlook for that particular commodity and the business fundamentals without taking exposure to other commodities that come attached as part of the diversified group.” The brokerage sees a significant upside in Vedanta based on the expected valuation premium that pure plays get over diversified miners.

The share price of Vedanta Ltd. (VEDL) rose by 72% in the last year (2024).

Earlier this week, Vedanta Resources Limited (VRL), the parent company of Vedanta Ltd. raised $1.1bn through new bond issuances. It had garnered strong investor demand with the bonds receiving final orders of $3.4bn+ representing an oversubscription of 3.1x. VRL has refinanced $3.1bn in USD bonds since September 2024 through four successive international bond transactions.

These transactions have repriced Vedanta Resource’s curve and reflect strong demand from international bond investors, including numerous marquee investors. The total quantum of USD bonds raised by VRL marks the largest amount raised by an Indian issuer over the last three years. VRL’s credit ratings have also been upgraded by multiple notches since its return to capital markets in 2024, to reflect the company’s improving liquidity, capital structure and longer debt maturity profile.

The Bangalore Hospital and Lalbagh Flower Show 2025: A Partnership for Health and Nature

Bengaluru, January 21, 2025 – The Bangalore Hospital, a pioneer in healthcare and a legacy institution in Karnataka, proudly announces its association as the official Medical Partner for the prestigious Lalbagh Flower Show 2025. The event, a hallmark of Karnataka’s rich heritage, will be held from January 16th to January 26th at the Lalbagh Botanical Gardens, celebrating over a century of floral magnificence.

The Lalbagh Flower Show is an integral part of Karnataka’s cultural identity, captivating visitors with its vibrant displays for over 100 years. Similarly, The Bangalore Hospital, with its 35-year legacy, has been at the forefront of delivering exceptional healthcare services in South Bangalore. This collaboration celebrates two iconic institutions—one in nature’s artistry and the other in medical care—uniting to serve the people of Karnataka.

Founded as the first corporate hospital in South Bangalore, The Bangalore Hospital continues to be run by dedicated doctors and is a testament to the state’s pioneering spirit in healthcare. Over the years, the hospital has integrated advanced medical technologies to enhance patient outcomes, including the installation of India’s first 640-slice CT scanner, which delivers unmatched precision in diagnostics.

Dr. Lahari Surapaneni, CEO of The Bangalore Hospital, expressed her enthusiasm, stating, “The Lalbagh Flower Show represents Karnataka’s enduring legacy of beauty and innovation. At The Bangalore Hospitals, we share the same commitment to excellence, innovation, and service to the community. We are honored to contribute to this historic event by ensuring medical support for all visitors.”