Category Archives: Business

Statiq Selects Dassault Systèmes’ 3DEXPERIENCE Works to Accelerate the Development of EV Charging Infrastructure in India

Dassault Systèmes(Euronext Paris: FR0014003TT8, DSY.PA) today announced that Statiq, India’s largest EV charging network, is using Dassault Systèmes’ 3DEXPERIENCE Works to develop reliable, accessible, and affordable EV charging infrastructure in India. Statiq can focus on developing innovative solutions to accelerate India’s transition to sustainable mobility.

This adoption is driven by Statiq’s need to overcome product development, design, and production-related challenges such as the lack of revision control and design validation, the lack of a single platform for multi-stakeholder collaboration, and difficulty in data segregation, tracking, and retrieval.

The use of 3DEXPERIENCE Works on the cloud helped Statiq in the rapid design, development, and review of EV charging solutions tailored for diverse customer requirements.3DEXPERIENCE Works is a portfolio of applications on Dassault Systèmes’ 3DEXPERIENCE platform, for SOLIDWORKS customers and small and mid-sized companies. The powerful and intuitive 3D product development solutions helped Static design and engineer engaging product experiences, and significantly reduced product development lifecycles by doing away with the need for extensive physical prototyping and testing.

Leveraging the 3DEXPERIENCE platform’s ready-to-use applications, the team seamlessly collaborated digitally, significantly reducing task completion time by 60%. With access to a data repository on the cloud, Statiq was able to streamline the data segregation process and share non-CAD data along with designs. The collaborative working environment offered by the platform enabled multiple stakeholders operating across time zones and locations to work in sync. Inbuilt revision control made multiple CAD iterations possible in real time, and the accuracy of the 3D models significantly reduced turnaround time and fabrication rework by identifying potential issues early on.

The mission of Static is to revolutionize the EV charging experience in India by building a network strong and reliable enough to usher in a new era of sustainability. The company envisages an India where a climate-conscious public leverages electric vehicles without compromising convenience or affordability. Statiq, through its range of products, aims to raise the bar of the EV charging ecosystem in India by improving accessibility to the future of mobility.

“3DEXPERIENCE Works on the cloud helped increase visibility and efficiency across processes, resulting in rapid product development and reduced operational costs. By leveraging the power of the cloud, enterprise-wide collaboration and data management have become seamless. This has streamlined our product lifecycle management process and significantly reduced market time for our range of affordable EV charging solutions,” said Vasu Goel, R&D Lead, Statiq.

“3DEXPERIENCE Works offers a virtual environment to design and develop engaging product experiences with powerful, intuitive 3D solutions accessible to any business. Leading engineers and designers trust our ready-to-deploy portfolioon the cloud to create, collaborate and deliver innovative products tailored to their clients’ requirements. Statiq has access to a wide range of easy-to-use applications that can help in the development of cutting-edge EV charging solutions that are accessible, reliable, affordable, and part of India’s transitional journey to sustainable mobility,” said Deepak NG, Managing Director India, Dassault Systèmes.

The Yoga Institute announced Free Access to the Samattvam Yoga OPD in Honor of Dr. Jayadeva Yogendra’s Birth Anniversary

2nd May 2024 The Yoga Institute, Santa Cruz, Mumbai. The Yoga Institute, the world’s oldest organized center for yoga, announced that the “Samattvam” Yoga OPD which was previously available at a nominal fee, would now be offered to the public for free. This announcement was made in honor of the auspicious occasion of Dr. Jayadeva Yogendra’s birth anniversary on 27th April 2024. The Samattvam Yoga OPD initiative was launched in 1984 and has since conducted more than 2500 sessions. These sessions have treated more than 75000 patients. With the removal of the nominal fee, The Yoga Institute aimed to make the transformative benefits of yoga more accessible to everyone. This was an integral objective of Dr. Jayadeva Yogendra’s vision of promoting access to Yoga and its manifold benefits to every member of society.

The Yoga OPD “Samattvam” offered a bouquet of holistic health and wellness services such as personalized medical consultations, individualized yoga consultations with experienced instructors, kriya, pranayama, and asana sessions. Sammattvam focused on holistic well-being, curated sattvic diet plans, in-depth lifestyle practices for stress management, measurement of vital body parameters, and overall health enhancement. With this initiative, The Yoga Institute sought to promote a healthier and happier community empowered with the knowledge and tools to incorporate yoga into their daily lives. In memory of Dr. Jayadeva Yogendra’s birth anniversary, The Yoga Institute invited everyone to experience the transformative power of yoga through the “Samattvam” Yoga OPD, now offered free of charge.

Dr. Hansaji Yogendra noted that making ‘Samattvam’ accessible to all was a fitting tribute to the humanitarian ethos and memory of Dr. Jayadeva Yogendra, who had dedicated his life to selfless service by advancing the practice and understanding of yoga. This version of Samattvam allowed the profound benefits of Yoga to become accessible to everyone.

Dr. Hansaji Yogendra is the Director of The Yoga Institute, Mumbai, and a globally acclaimed spiritual guru, wellness mentor, and thought leader. Her words, ideas, and life-long body of work in Yoga, wellness, and mindfulness have been the source of powerful change in countless lives. Dr. Hansaji J. Yogendra has been honored with the Bharat Gaurav Award at the UK House of Commons in the British Parliament in London for extraordinary contribution to, and excellence in, the field of yoga.

She has conducted more than 100,000 yoga sessions and has been honoured with the Prime Minister’s Award for her contribution to the field of Yoga. Dr. Hansaji has a prolific and commanding online presence on various social media platforms which connects with millions of viewers worldwide. She is also a published author and writer. She is on the board of numerous national and international committees devising yoga syllabi and yoga policy. Dr. Hansaji Yogendra has designed health systems, special techniques, health camp programs, and well-being modules that cater to a wide range of people across age, ethnicity, and gender. Her life is an example of commitment to social well-being. An epitome of grace and wisdom, she is a global symbol of peace, balanced living, and yogic living.

The Yoga Institute was established in 1918 by the venerable yoga guru Shri Yogendraji, also known as the Father of the Modern Yoga Renaissance. The Yoga Institute celebrated its centenary milestone on 25 December 2018. The 100th anniversary celebration of the Institute was attended by Shri Ramnath Kovind – Ex-President of India, M. Venkaiah Naidu – Ex- Vice President of India. Under the leadership of Dr. Hansaji J. Yogendra’s guidance, The Yoga Institute, Mumbai was awarded the Prime Minister’s Award, by the Honourable Prime Minister Shri Narendra Modi in 2018.

The Yoga Institute is a non-profit organization and the oldest organized center for Yoga in the world. The Institute has a diverse legacy of pioneering work in the field of yoga such as the “householder yoga” movement, several social initiatives such as Annam Brahma (free meals for the underprivileged), free medical health camps, blood donation drive, wellness and mindfulness programs, yoga for armed forces and police, holistic health programs, yoga programs for the municipal and western railway staff, wellness programs and much more.

Housing in Mumbai continues to thrive with strong April 2024 property registrations

Mumbai’s real estate sector is witnessing an impressive performance with property registrations for April 2024 expected to cross 11,500 units from 10,514 a year earlier. Notably, the current figures represent a 9% increase in registrations compared to the same period last year, reflecting a continuous positive outlook. This robust activity is projected to contribute over Rs 1,043 crore to the state exchequer, according to a report by Knight Frank India. The city’s property sector, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), has consistently shown strong results, marking the fourth consecutive month where registrations have exceeded 10,000 units.

The majority of these transactions, about 80%, have been residential properties, underscoring the sustained demand for housing in the region. This trend is a clear indicator of homebuyers’ unwavering confidence in Mumbai’s real estate market, which has remained attractive to potential buyers.

April 2024 has also seen Mumbai record the second-highest number of property registrations for the month in the last 12 years, alongside the highest collection of stamp duty ever recorded for April. This surge in activity and revenue can be attributed to rising income levels and a positive attitude towards homeownership among Mumbai residents.

Here are the comments from the industry leaders on the robust registration numbers.

Mr. Prashant Sharma, President, NAREDCO Maharashtra

“We are witnessing an exceptional phase in the Mumbai real estate market, as evidenced by the robust property registration figures for April 2024. This activity, contributing significantly to the state exchequer, underscores the unwavering confidence that homebuyers have in our city. The consistent achievement of surpassing 10,000 property registrations for the fourth consecutive month speaks volumes about the dynamism and resilience of Mumbai’s real estate sector. It also highlights a strong and sustained demand for housing, driven by increasing income levels and a positive shift in attitudes towards homeownership. It is imperative for us to continue fostering an environment that encourages such positive trends, ensuring that Mumbai remains a preferred destination for investors and homebuyers alike.”

Mr. Pritam Chivukula – Vice President, CREDAI-MCHI and Co-Founder & Director, Tridhaatu Realty

“We are thrilled to witness the robust performance of Mumbai’s real estate market, as reflected in the April 2024 property registration numbers. This achievement not only demonstrates the unwavering confidence that homebuyers have in the Mumbai market, but also underscores the resilient demand for residential spaces in Mumbai. This is indicative of the vibrancy and allure of Mumbai as a prime location for both living and investment. The fact that April 2024 marks the second-highest number of property registrations for the month in over a decade, along with the highest April stamp duty collection in the same period, is a testament to the growing economic prosperity and the positive sentiment towards real estate investment in our city.”

Mr. Vedanshu Kedia, Director, Prescon Group

“We are witnessing a consistent uptrend in home sales over the past few quarters, signaling a positive trajectory for the housing sector. Factors such as rising income levels, heightened aspirations for an enhanced lifestyle, and the imperative desire for homeownership have all played pivotal roles and have been contributing factors for this uptick in home sales.”

Uno Minda brings Clarton’s premium C80 trumpet horn with European Technology to the Indian aftermarket

2nd May 2024 The Indian automotive industry has ushered into a new era with customers now demanding more premium products from automobile manufacturers, considering that owning a car is not only necessary. It’s a style statement, a part of their personality, for which people have started paying attention to the minutest detailing. The recent trend highlights that consumers are ready to spend extra money on their cars but these changes are not merely limited to the interiors or exterior upgrades anymore. The consumers are exploring beyond such as changing their reliable disc horns with sweet-sounding trumpet horns. The problem is that many horn manufacturers sell trumpet horns, but most of them are horns that usually don’t sound like a premium trumpet horn.

But now, Uno Minda, a leading Tier 1 supplier of Proprietary Automotive Solutions to Original Equipment Manufacturers (OEMs), in its latest product offering in the Indian aftermarket has unveiled a premium range of trumpet horns, named C80, which is designed for every car owners who are looking to replace their standard horns with superior sound quality ones, to give their cars an enhanced personality.

The technology of Uno Minda C80 premium car horn comes from the company’s acquisition of Clarton Horn, Spain, which makes it the second largest horn manufacturer and OEM supplier globally. Uno Minda has brought the signature product of Clarton to India, whose sound is similar to the majestic & soothing horn sound of premium segment cars, the quality of which has been very well accepted among luxury car owners. Uno Minda saw a genuine demand for this type of horn among Indian consumers and decided to make this premium trumpet horn available in the Indian aftermarket.

This trumpet horn promises a potent performance with an 80-millimeter diameter and a robust sound output exceeding 105 decibels. Operating on a 12-volt power supply, the C80 horn requires a shallow current of 3.5A to give such a powerful yet pleasant sound. Its compact design ensures its compatibility with various vehicles, from hatchbacks to luxury models. Renowned global premium OEMs such as BMW, Mercedes, and Rolls Royce favor these horns, underscoring their exceptional quality and immense potential.

Speaking on the occasion, Mr. Anand Kumar, Head of Product & Strategy, in the Aftermarket Uno Minda Ltd., said” There is an ongoing trend where the cars now evoke emotions, and owners seek top-notch aftermarket products to enhance their driving experience. Recognizing a growing demand for high-quality horns that not only ensure safety but also add personality to vehicles, Uno Minda embarked on a mission to redefine the role of horns on the road, through the introduction of C80. With its compact and lightweight design, coupled with premium sound quality, the C80 promises to elevate the driving experience with its distinct tone. We are confident that this horn would become a sought-after horn for car enthusiasts, leaving a lasting impression on the market.”

The C80 vehicle Horn represents Uno Minda’s unwavering commitment to on-road safety and consumer satisfaction. Extensive market research has shaped its design and functionality, ensuring that it meets the highest standards of quality and reliability. Rigorous testing, including 100,000 cycles of environmental simulations, guarantees durability and performance in any condition. Moreover, its low current consumption of 3.5 amps ensures seamless integration with any vehicle’s electrical system, without causing strain.

Furthermore, the premium packaging, equipped with a lock-and-tear feature to prevent counterfeiting, underscores Uno Minda’s focus on delivering a secure and authentic customer experience. Additionally, its universal fit ensures effortless installation in any car model, thereby enhancing its accessibility for everyone.

Uno Minda’s Ultimo C80 premium trumpet horn comes with a one-year warranty. Priced competitively, the C 80 premium car horn is priced at MRP 1080 INR and is available at all the leading online and offline retail stores including UnoMinda Kart, Amazon, and Flipkart.

Zeenat Aman recreates two of her most iconic looks for the New Charlotte Tilbury & Nykaa campaign

May, 2024: Get ready to groove to the beat of beauty as Charlotte Tilbury and Nykaa join forces with the iconic Zeenat Aman! In a celebration of timeless style and bold femininity, Zeenat Aman unveils the latest Reds and Pinks Collection from Charlotte Tilbury, available exclusively on Nykaa. Get ready for a whirlwind of glam, charisma, and iconic looks.

Grooving to the rhythm and recreating her most iconic looks with Charlotte Tilbury’s new lipstick shades, Zeenat Aman,the forever icon, is back in action, with Charlotte Tilbury’s Reds & Pinks lipsticks. Whether it’s a sultry red or a vibrant pink, each swipe captures Zeenat Aman’s eternal appeal, bringing her retro style to life with every move!

Let the beauty beat drop – it’s time to turn up the glamour with Nykaa & Charlotte Tilbury. Shop the new collection exclusively on Nykaa.

Kotak Announces Departure of KVS Manian, Joint Managing Director from the Group

Bengaluru,2nd May 2024: Kotak Mahindra Bank (‘the Bank’) today informed the exchanges that KVS Manian, Whole Time Director designated as Joint Managing Director has stepped down from his position to pursue other opportunities in the Financial Services sector. The Board has accepted his resignation with immediate effect.

Leveraging its strong leadership strength, the Bank announced a new reporting structure to drive a sharper focus and leadership oversight to its business.

The Wholesale, Commercial, and Private Bank will now report directly to Ashok Vaswani, Managing Director & CEO, while the Asset Reconstruction Division will report to Shanti Ekambaram, Deputy Managing Director. Shanti will also oversee the Investment Banking and Institutional Equities businesses.

Commenting on the development, Ashok Vaswani, MD & CEO, Kotak Mahindra Bank said “Manian has spent over 29 years at Kotak and we are thankful to him for his association and we wish him well in his future endeavours. We are confident of the strong leadership talent at Kotak and our ability to scale our businesses to the next level in times to come.”

Mount Kailash Welcomes Pallavi Saha as New CEO to Lead Company’s Strategic Expansion

Delhi, 2nd May, 2024: Mount Kailash, a leading player in the Indian Beverage Industry is pleased to announce the appointment of Pallavi Saha as its new Chief Executive Officer. Ms. Saha assumed the role recently, marking a significant step in the company’s journey toward growth and expansion.

With an impressive background in both FMCG and technology industries, Pallavi Saha boasts over two decades of experience. Having previously contributed to the success of renowned brands such as Apple, Whirlpool, and Chobani, she is recognized for her leadership in building product lines from scratch across the United States, Europe, and the Asia-Pacific region.

Pallavi Saha’s appointment as the new CEO of Mount Kailash comes at a pivotal moment as India accelerates its journey to become the third-largest consumer market by 2027. With her deep understanding of global trends and their implications for industries, she will play a key role in shaping the company’s strategies to align with India’s projected economic ascent.

Commenting on the same, Ms. Saha stated, “I feel deeply honored to be associated with a Brand that embodies the noble mission of uplifting humanity. It’s both humbling and inspiring to carry forward this esteemed legacy.”

During her initial three months at the helm, Ms. Saha has adopted a hands-on approach, immersing herself in the front lines to understand the market dynamics, stay close to customers, and address emerging challenges. Pallavi will lead Mount Kailash’s strategic expansion plans that will initially focus on the Delhi National Capital Region (NCR), where the Company aims to strengthen its presence and envisions gradually expanding its reach in the northern belt, ensuring that a broader audience benefits from their high-quality hydration solutions.

Bhima Jewellers presents exciting offers on the occasion of Akshaya Tritiya

Mumbai, 2nd  May 2024: As the auspicious occasion of Akshaya Tritiya approaches, Bhima Jewellers is excited to announce a range of exclusive offers to make the celebrations even more special. Till May 8th, patrons can avail additional benefits through advance booking offers wherein customers can pay 10% advance and get Rs. 100 less per gram on the prevailing gold rate. Further to that, starting from 9th May till 12th May, customers can avail up to INR 500 off per gram on gold jewelry, making it the perfect time to adorn themselves with their favourite designs from Bhima. For those looking to add a touch of luxury with diamonds, Bhima Jewellers is offering a flat cashback of INR 7000 per carat along with a free gift card of up to INR 1 lac. Additionally, customers can also enjoy discounts on silver jewelry, with up to INR 5000 off per kg.Apart from this, there is 1kg of gold coins to be won through lucky draws.

Sharing his views Mr. Vishnusharan Bhatt, Managing Director, Bhima Gold Pvt. Ltd., said “Rising gold prices are giving mixed feelings about customer’s intent to spend this Akshaya Tritiya. In last 90 days, gold prices have fluctuated from Rs.6008 per gram to Rs. 6818 per gram for 22K gold. The same can be attributed to geopolitical risks, central bank improving their reserves and persistent inflation. Owing to this, gold recycling is on a rise amidst this wedding & festive season. Our offers are designed in a way to effectively benefit customers at 6-7%. Our endeavor is to assist our customers in their decision making journey for the auspicious occasion of Akshaya Tritiya.”

Investing Made Easy: Smart, Accessible Platforms For Gen Z’s to Look out For Investment

Gen Z, a generation known for its adaptability and influence, faces a unique financial dilemma. A Deloitte survey reveals a concerning trend: 51% of Gen Z individuals worry about living paycheck to paycheck, highlighting a potential lack of financial stability. Intuit’s Prosperity Index Study further emphasizes that 3 out of 4 Gen Zers prioritize quality of life experiences over saving for the future. While Gen Z’s desire to embrace a fulfilling, self-driven lifestyle is admirable, navigating the balance between immediate enjoyment and long-term financial security is crucial. Could online investment platforms offer a solution that allows this generation to thrive today while building a solid foundation for tomorrow? Let’s explore five popular investment platforms in India, each with its own strengths and ideal user profiles:

1. Per Annum
Per Annum is tailored for investors seeking both security and diversity. Their focus on institutional-grade investment products with low entry barriers opens up a range of opportunities previously reserved for high-net-worth individuals. Their portfolio includes P2P debt investments, revenue-based financing, bonds, and SIPs – delivering the potential for consistent returns and the flexibility to tailor investments to your risk tolerance. Per Annum’s impressive track record, with over 500,000 investors and an AUM of over Rs 2000 crores, makes it a compelling choice for those seeking a well-established platform.

2. Angel One
Angel One is a top choice for investors seeking a comprehensive trading and investment platform. With its low-cost brokerage structure, including zero brokerage for the first 30 days and no account maintenance fees in the first year, it’s a cost-effective option. Angel One offers a wide range of investment options, including stocks, IPOs, F&O, commodities, mutual funds, and even US stocks. Traders and investors benefit from robust research tools, advisory services, and a user-friendly mobile app. Additionally, Angel One provides offline support through its network of branches and offers access to various trading segments, including commodities and forex.

3. Groww
Groww attracts investors with a global mindset. The platform’s zero brokerage fees and free account opening for US stock market investments are major draws, allowing young investors to dip their toes into international markets. Their fixed fee-per-order model can be advantageous for certain trading styles, especially those who may not engage in frequent, high-volume trades. Groww is ideal for beginners and those seeking international diversification to expand their portfolios beyond Indian markets.

4. 5paisa
5paisa appeals to cost-conscious traders with its flat fee of Rs. 20 per order across various segments. Investors seeking control and personalization will appreciate features like add-on packs and APIs that enable a customized trading experience. 5paisa empowers active traders with its focus on value, comprehensive market resources, and the ability to build their trading terminal.

5. LenDenClub
LenDenClub delivers a streamlined investment experience designed for ease and risk mitigation. Its completely digital process, zero opening fees, and emphasis on fund diversification make it an attractive option for those new to investing. The platform leverages data analysis to help investors make informed lending decisions, minimizing guesswork. LenDenClub is ideal for those seeking ease of use, minimal barriers to entry, and a commitment to risk mitigation through diversified lending.

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.