Category Archives: News

Acer Unveils New Chromebook laptops Powered with AI in India

Mumbai, August 14, 2024 – Acer, a leading brand in the PC industry, today launched its latest Chromebook plus models, the Acer Chromebook Plus 14 and 15 laptops. These advanced laptops are specifically designed to cater to the demands of the Enterprise and education sector. The all-new Chromebook Plus with the latest built-in Google Gemini AI features offering robust performance, enhanced productivity features, and a sleek, professional design. The Chromebook Plus 14 offers a 14-inch Full HD IPS display with options for high-brightness Acer ComfyView™ LED-backlit TFT LCD or an integrated multi-touch version. The Acer Chromebook Plus 15 features a 15.6-inch Full HD IPS display with Acer ComfyView™ technology, available in standard and high-brightness touch variants. Acer Chromebook Plus offers built-in Google apps and powerful AI capabilities. It also offers Google Photos Magic Eraser, File Sync, Wallpaper generation, AI-created video backgrounds, and Adobe Photoshop on the web to help consumers boost their productivity, inspire their creativity, and make everyday tasks intuitive. It’s a laptop experience that optimizes hardware performance with software apps and tools.

Powered by a range of Powerful Intel® & AMD® processor variants, these Chromebooks ensure robust performance for multitasking and running demanding applications. The Chromebook Plus 14 has two variants. One with Intel® Core™ i3-N305 processor and another with AMD® Ryzen® 7000 Series Processor, while the Chromebook Plus 15 offers Up to Intel® 13th Gen Core™ i7-1355U processor. All the models support Upto 16GB LPDDR5X SDRAM and Storage up to 512 GB PCIe NVMe SSD, ensuring fast data access and ample space for important files and applications.

Google® AI-powered writing assistance and generative, custom wallpapers and AI backgrounds for video calls make the Chromebook Plus the most preferred device for the professional. All Chromebook plus models feature Dual DTS® Speakers, optimized bass, and treble response. It is also equipped with two built-in microphones and a high-definition Full HD webcam with features such as Temporal Noise Reduction, High Dynamic Range (HDR), and support for 1080p video at 60 fps, ensuring clear video conferencing and online interactions.

Sudhir Goel, Chief Business Officer at Acer India, stated, “We are excited to launch the new Chromebook Plus laptops in India. These models represent our commitment to providing cutting-edge technology and reliable performance. With powerful Intel® & AMD® processors, vibrant displays, Powerful AI capabilities, and robust security features, we believe these Chromebooks will significantly enhance productivity and learning experiences. Our goal is to offer solutions that empower professionals and students to achieve more, and the Chromebook Plus 14 and 15 embody this vision perfectly.”

All Acer Chromebook Plus models support the Latest Wireless Wi-Fi 6E, providing fast and stable wireless connectivity, and Bluetooth® 5.3 for seamless pairing with peripherals and accessories. All models are equipped with a discrete H1 Trusted Platform Module (TPM) solution, camera shutters for privacy, and Kensington lock slots for physical security.

Designed for durability and reliability, these Chromebooks have undergone rigorous military-grade reliability tests, including mechanical shock, transit drop, vibration, and resistance to sand, dust, humidity, and extreme temperatures. The robust construction ensures that the laptops can withstand the rigors of daily use in various environments. All models feature a 53 Wh 3-cell Li-ion battery that supports fast charging technology. The Chromebook Plus 14 can last up to 11 hours on a single charge, while the Chromebook Plus 15 offers up to 10 hours of battery life, making them perfect for all-day use without frequent recharging.

Empowering Punjab’s MSMEs: Unlocking Potential with CIBIL Rank and Company Credit Report

Chandigarh, August 14, 2024: For entrepreneurs driving a business through the dynamic landscape of today’s rapidly evolving economy, understanding and utilizing financial tools like CIBIL Rank and Company Credit Report (CCR) is pivotal. To aid this understanding, TransUnion CIBIL and the Confederation of Indian Industries (CII) came together to conduct a workshop in Chandigarh on “Easing Credit Availability Though Improved CIBIL Score and CIBIL Rank” on August 9, 2024. The workshop saw Bhushan Padkil, SVP and Head, Direct to Consumer Business, TransUnion CIBIL in attendance which further provided the attendees (MSME cluster of Chandigarh) with a deeper understanding of CIBIL Rank and CCR and how Micro, Small, and Medium Enterprises (MSMEs) can leverage these to significantly enhance their ability to not only secure capital but also propel their business forward.

During the workshop, Bhushan reiterated that CIBIL Rank and Company Credit Report (CCR) can provide a crucial snapshot of your business’s financial health, encapsulating your creditworthiness which plays an important role in securing business loans and negotiating favorable credit terms.

Decoding the Essentials: CIBIL Rank and Company Credit Report

The CCR provides a comprehensive summary of a business’s credit history, detailing credit obligations, repayment patterns, and other financial behaviors. Accompanied by the CIBIL Rank—a numerical indicator that ranks a company from 1 (lowest risk) to 10 (highest risk), the CCR can act as one of the metrics that credit institutions look at while assessing a company’s credit health. A CIBIL Rank closer to 1 not only indicates better creditworthiness but also suggests a stronger credit profile. For entrepreneurs, these tools are instrumental they can help facilitate easier access to credit and may also improve the terms of loans, such as obtaining lower interest rates and more flexible repayment schedules. These benefits are vital for enhancing a business’s operational capabilities and growth potential.

Building Financial Credibility: Enhancing Your CIBIL Rank

Entrepreneurs can access their CCR and CIBIL Rank through TransUnion CIBIL. Regular review and understanding of CCR allows businesses to make informed borrowing decisions, manage existing loan EMIs efficiently, and thereby, maintain a healthy credit profile.

To further enhance their financial credibility and optimize their CIBIL Rank, MSMEs & businesses should consider adopting the following key strategies:

· Timely Repayment of Loans: Consistently pay all credit obligations on time to maintain a healthy CIBIL Rank.

· Prudent Borrowing: Borrow wisely according to the business’s repayment capacity to prevent financial strain and overleveraging.

· Regular Monitoring of Credit Reports: Regular monitoring of the CCR & CIBIL Rank can help MSMEs and businesses stay creditworthy.

These streamlined strategies not only aid in maintaining a healthy CCR but also enhance the business’s reliability in the financial market, paving the way for new opportunities and partnerships.

Aditya Group and AICTE Host Successful IIC Accelerator Meet-Up for Networking and Partnerships

Mumbai, 14th August 2024: Aditya Group of Institutions was proud to host the IIC Accelerator Meet-Up. This significant event was jointly organised by the AICTE – MoE’s Innovation Council, the Government of India’s Ministry of Education, and the Institution’s Innovation Council. The event brought together a diverse group of participants, including IIC Coordinators from engineering and management colleges, incubator CEOs, IP attorneys, investors, industry leaders, startups, as well as faculty, staff, and students from AIMSR and ASBM. The participants were able to explore networking, partnership, and collaboration opportunities. The event facilitated meaningful exchanges of ideas and knowledge, reinforcing AGI’s role as a leader in nurturing the next generation of entrepreneurs and industry professionals.

Dr Nishchal Dwivedi – Head of E-cell and incubation committee, ASBM said, “Hosting the IIC Accelerator Meet-up was a proud moment for us at Aditya Group of Institutions. This event showcased our commitment to fostering innovation and supporting the startup ecosystem and demonstrated the collective efforts of industry leaders, academia, and our talented students. By bringing together such a diverse group of participants, we facilitated a valuable exchange of ideas and provided critical insights into intellectual property and entrepreneurial development.”

“At the Aditya Group of Institutions, in collaboration with the Institutions Innovation Council and the Indovation Centre of the Ministry of Education’s Innovation Cell, Western Region, we convened to harness the power of innovation for nation-building.This event was not just an academic exercise but a collective effort to inspire and equip the next generation of leaders who will drive India’s growth story. Nearly 1,00,000 patents have been filed by academia in 2023-2024, it’s time we focus on commercialization of these ideas. By fostering a culture of innovation and entrepreneurship, we are laying the foundation for a self-reliant and Viksit Bharat, one where every idea has the potential to transform society and contribute to the greater good.” said Mr Umesh Rathod, Indovation Manager.

The meet-up commenced with a warm welcome from Dr Sunita Srivastava, Director of AIMSR, who felicitated Mr Umesh Rathod, Indovation Manager at WRO, AICTE – MoE’s Innovation Cell. In his welcome speech, Mr Rathod highlighted various initiatives by the Ministry of Education and AICTE designed to foster a thriving startup ecosystem within academic institutions, including the renowned SMART INDIA HACKATHON.

The event featured two distinguished guest speakers who shared invaluable insights into intellectual property rights (IPR). Mr. Manoj G. Somkuwar, Assistant Controller of Patent & Design at the Patent Office, Mumbai, and Ms. Pooja J. Shah, CEO of ARTEMIS Law Associates, provided an in-depth overview of patents and trademarks. Their engaging presentations equipped attendees with crucial knowledge on navigating the complexities of IPR, an essential tool for startups and aspiring entrepreneurs and innovators.

Following the expert sessions, Aditya Students from Management and MCA showcased their startup pitches. The presentations received detailed and constructive feedback from the experts, providing students with practical guidance to refine their entrepreneurial ventures.

The event’s vote of thanks was delivered by Dr. A.S. Suresh Iyer, Director of ASBM, who underscored the event’s value for both industry and academia, praising the program’s organisation and its impact on all participants. The IIC Accelerator Meet-up was a resounding success, reflecting Aditya Group of Institutions’ commitment to advancing innovation and supporting the startup ecosystem.

The National Institutional Ranking Framework ranks MAHE 4th in University Category

National, 14th August 2024: The National Institutional Ranking Framework (NIRF) ranked Manipal Academy of Higher Education (MAHE) 4th rank Nationally in the university category, making it one of the top 10 universities in the country. MAHE’s position moved to 4th from 6th last year, showing a consistent desire to improve and provide the best quality of education.

In overall India Rankings, MAHE has secured the position in top 20 varsities of the country standing at 14th position. Many of the constituent units of MAHE are also among the top 10 position under various disciplines. In dental category, Manipal College of Dental Sciences, Manipal secured 2nd position, Manipal College of Pharmaceutical Sciences, Manipal stood at 8th position in pharmacy and in medical category, Kasturba Medical College, Manipal secured 9th position. Additionally, Manipal College of Dental Sciences, Mangalore stood at 11th in dental category, MAHE secured 23rd position in research, and Manipal School of Architecture and Planning, Manipal stood at 28th in Architecture.

The 9th edition of the rankings includes a total of 13 categories. The lists feature rankings of higher education institutions in subcategories, including top universities and colleges, under engineering, medical, legal, management, pharma, architecture, agriculture, and allied sector. Institutions have been ranked based on parameters such as Teaching, Learning and Resources, Research and Professional Practices, Graduation Outcomes, Outreach and Inclusivity, and Perception.

Lt. Gen. (Dr.) M. D. Venkatesh, Vice-Chancellor, Manipal Academy of Higher Education (MAHE), said, “Being included in the NIRF rankings is evidence of our steadfast dedication to academic achievement, creativity, and all-around growth. This honor is a testament to the combined efforts of our staff, teachers, and students to create a climate that promotes growth, learning, and research. We shall keep working to raise the bar for education and make significant contributions to society”.

Dr HS Ballal, Pro-Chancellor, Manipal Academy of Higher Education, MAHE, says, “Moving up to 4th place in the NIRF rankings from last year’s 6th position is a remarkable achievement that showcases our commitment to excellence. This progress reflects the hard work and dedication of our faculty, students, and staff in fostering an environment of academic rigor and innovation. We are proud of this accomplishment and will continue to push the boundaries to achieve even greater heights.”

Simply Fresh celebrates the 78th Independence Day with the #HappyZimmedaariDay campaign

National, 14.08.24: As India prepares to celebrate its 78th Independence Day, Simply Fresh, the flagship brand of BN Group, the largest edible oil manufacturer in India, launched a powerful new brand film in tribute to the spirit of Indians driving the nation’s progress. Titled “Azadi Ek Zimmedaari Hai,” the film compellingly showcases stories that reflect values such as responsibility, mutual respect, and unity while exploring the true essence of freedom in a rapidly evolving India.

Kiran Giradkar, Group Chief Marketing Officer, BN Group, stated, “Our brand, Simply Fresh, is constantly supporting fresh ideas that drive progress and help to build a stronger nation. It’s a common sight that, in our pursuit of enjoying our own freedom, we often infringe upon the basic rights of others. This campaign is a stark reminder that with freedom comes responsibility. We hope these simple corrections have the potential to turn visions into reality, creating a brighter future for all.”

The campaign, which has been rolled out across multiple platforms, including Instagram, Facebook, LinkedIn, YouTube and X, aims to drive the message that, in our pursuit of personal freedom, we must not violate the basic rights of those around us. The central theme encourages every citizen to recognise that freedom is best celebrated when it is shared and respected by all.

Simply Fresh invites everyone to join the movement by sharing the campaign, using the hashtag #HappyZimmedaariDay, and reflecting on how they can contribute to a more responsible and united nation.

WiseOps acquired by CloudKeeper in a mix of equity and cash to enhance cloud cost optimization offerings

August 14th, 2024: WiseOps, a pioneering platform specializing in AWS cost and usage optimization, has announced its acquisition by CloudKeeper, a leading provider of comprehensive cloud cost optimization services. The acquisition was completed for an undisclosed amount in a mix of equity and cash, making it a milestone in WiseOps’ mission to enhance cloud cost management for businesses around the world.

The company has previously secured an undisclosed pre-seed investment from CORE91.VC in December 2023. With a growing customer base of 50 clients, the company has achieved over $100,000 in revenue till date.

WiseOps has already set the benchmark in AWS cost optimization, as they are known for AI-driven recommendations and automated optimizations, empowering teams to significantly reduce cloud spend without compromising on performance or workflow efficiency. By integrating WiseOps’ intelligent tools into CloudKeeper’s robust ecosystem, clients can now access a truly end-to-end cloud optimization solution that promises enhanced savings and workflow efficiency.

Ronak Goyal, Co-founder of WiseOps commented, “This represents a significant opportunity for both WiseOps and CloudKeeper to drive innovation and deliver exceptional value. We look forward to integrating our technologies and expertise to offer even more powerful solutions for cloud cost optimization.”

Sharing about the journey of the company, Praneet Chandra, Co-founder of WiseOps, stated, “Fifteen months ago, Ronak and I founded WiseOps in response to companies struggling with rising costs and cloud infrastructure challenges, leading to layoffs. Our journey began with our first customer, where we reduced their cloud bill by 50%.”

“WiseOps was the missing piece of the puzzle,” said Deepak Mittal, co-founder and CEO of CloudKeeper. “By joining forces with them, CloudKeeper has become a truly comprehensive cloud cost optimization solution. It will enable us to cater to a broader range of clients, address more complex use cases, and help businesses optimize and engineer their cloud environments more effectively.”

This acquisition is imperative in the future landscape of cloud optimization, as WiseOps and CloudKeeper, forces are combined to drive a new frontier of cost efficiency in business across the world. This assures that together, unmatched value and innovation will be delivered in cloud cost management.

Quotes for Financial Awareness Day

 By- Rayan Malhotra, Founder & CEO of NeoFinity

As Financial Awareness Day is observed, it is important to recognize the value of cultivating mindful financial habits and making informed decisions. Financial literacy serves as a vital resource, empowering individuals to achieve their goals and secure their futures. This is particularly relevant for Millennials and Gen Z, who face an increasingly complex financial landscape.

Starting with basic steps, such as creating a budget and tracking expenses, can significantly enhance one’s understanding of where money is spent. Making informed investment choices, such as selecting mutual or index funds and leveraging compound interest, can contribute to long-term wealth accumulation. Additionally, establishing an emergency fund covering 3-6 months of expenses provides a crucial safety net for unforeseen circumstances.

Maintaining credit awareness is equally important; responsible credit card usage and regular monitoring of credit scores can help prevent financial setbacks. Diversifying income sources, through avenues like freelancing or investing, adds an extra layer of financial security. Continuous education in personal finance and staying updated on market trends are essential for making well-informed decisions.

By embracing these practices, individuals can build a stable financial future, full of opportunities and potential. Taking control of finances today is the key to ensuring a more secure tomorrow.

By- Garima Tripathi, Partner V Sahai Tripathi and Co, Chartered Accountants

The significance of appreciating personal money is crucially underscored by National Financial Awareness Day, which is observed on August 14. Personal finance includes all aspects of smart money management, sensible saving, and wise investing. It includes insurance, loans, investments, retirement, taxes, and estate planning in addition to budgeting. Families and individuals can reach their financial objectives and make wise financial decisions by acquiring expertise in these areas.

Making wise financial decisions and discerning between both beneficial and detrimental counsel require financial literacy. Maximising your savings and income requires defining clear financial objectives and developing a practical plan to reach them within your means. By developing financial awareness, you can handle all aspects of personal money, from retirement planning to making the appropriate investment choices.

By being proactive and educating yourself about personal money, you can mark National Financial Awareness Day. To increase your understanding, read books, attend workshops, or speak with financial advisors. Making informed judgements that will help you in the long run and safeguarding your financial future are both possible with this approach. Make the most of today by taking charge of your financial future and beginning to lay a strong financial foundation

By- Pranjal Bansal, Partner AAPT Associates, Chartered Accountants

National Financial Awareness Day, observed on August 14 each year, is an important initiative to increase financial literacy and giving individuals the resources they need to take control of their financial future. In a world when having a solid financial condition is critical, this day serves as an emphasis of how important it is to grasp personal money and make good decisions.

Financial literacy is the cornerstone of sound financial management. It requires knowledge of budgeting, investing, saving, and debt management. On the occasion of National Financial Awareness Day, educators, financial organisations, and other organisations work together to provide resources and activities aimed at enhancing people’s financial literacy. These programs are crucial for helping people navigate complex financial circumstances and steer clear of common errors.

One of the most important lessons learnt from this day is the need to start early. By teaching the next generation financial basics, we can equip them with the knowledge and abilities they’ll need to achieve long-term financial success. This is also an opportunity for people to reassess their financial goals, develop a sensible plan, and, if needed, get professional advice.

National Financial Awareness Day, in summary, is a call to action rather than merely a day on the calendar. We can create a world where everyone is financially secure by promoting financial literacy.

Udaan E Vehicles Unveils Auto Xu3: 190+ km Range and Unmatched Comfort for Urban Mobility

New Delhi, 14th August, 2024: Udaan E Vehicles, an electric rickshaw manufacturer, proudly introduces its latest innovation, the Udaan Auto Xu3. This advanced electric rickshaw is designed to redefine last-mile connectivity in urban and suburban areas, offering an eco-friendly, cost-effective, and comfortable transportation solution. Equipped with a powerful 3.5 KW Motor Transmission and a 14 Kwh battery with a lifespan of 7 years, the Udaan Auto Xu3 stands out with its impressive specifications, including a range of over 190 km on a single charge and a top speed of 50 km/h.

Bollywood actress Mahima Chaudhary had the honor of launching the Udaan Auto Xu3, adding a touch of star power to the event. Chaudhary, known for her commitment to sustainable causes, expressed her enthusiasm for the product, emphasizing its potential to revolutionize urban mobility in India.

What truly sets the Udaan Auto Xu3 apart from other vehicles in the market is its thoughtful design and engineering. The vehicle features a monocoque chassis and independent suspension, providing exceptional stability, durability, and comfort. The advanced drivetrain, incorporating an electric motor and transmission, ensures smooth and efficient performance. Designed with both the driver and passenger in mind, the Udaan Auto Xu3 offers ample seating space and a nearly silent, vibration-free ride, making it a superior choice for last-mile urban connectivity.

A key advantage of the Udaan Auto Xu3 is its significantly lower running cost, at less than Re1 per kilometer, compared to traditional vehicles, which range from Rs.4 to Rs.9 per kilometer. Additionally, the maintenance and service costs are negligible compared to internal combustion engine (ICE) vehicles, making the Udaan Auto Xu3 an economically sound choice for drivers and operators.

Speaking about the launch, Mitull Batraa, CEO & Co-Founder of Udaan E Vehicles, stated, “The Udaan Auto Xu3 marks a significant milestone in our mission to deliver sustainable and innovative mobility solutions. As our first entry into the auto rickshaw market, it paves the way for a complete product line that will soon include solutions for rural markets and goods carriage. With its innovative design and advanced technology, the Udaan Auto Xu3 sets a new standard for electric auto rickshaws, addressing the growing demand for eco-friendly last-mile connectivity.”

The Udaan Auto Xu3 is particularly aimed at addressing the growing demand for sustainable transportation options in cities facing last-mile connectivity challenges. With its lower ownership cost, minimal maintenance, and negligible service requirements, the Udaan Auto Xu3 offers a compelling alternative to traditional gasoline-powered rickshaws. Furthermore, its design emphasizes comfort and convenience, making it easy to drive and light on the hands, with best-in-class suspension for a smooth ride.

The Udaan Auto Xu3, set for release in March 2025, is expected to open new markets across India and beyond. Udaan E Vehicles also plans to expand into rural mobility solutions and goods transport. This launch is part of the company’s broader strategy to grow both within India and internationally, laying the foundation for a full range of electric rickshaws to meet various transportation needs.

Supriya Lifescience Reports Robust Q1 FY25 Results with 21.7% Revenue Growth & Enhanced Profit Margins

Mumbai, 14th August 2024: The financial statements for the first quarter of Q1 FY 25 have been released by Supriya Lifescience Ltd., a cGMP-compliant business with a strong track record in API manufacturing and a focus on products from a variety of therapeutic segments, including anti-histamine, anti-allergic, vitamin, anaesthetic, and anti-asthmatic.

Performance Highlights for Q1 FY25:

• In the first quarter of FY25, Supriya Lifescience Ltd. witnessed remarkable growth in its revenue, reporting a 21.7 % year-over-year increase, reaching Rs. 160.63 crore compared to Rs. 132.02 crore in Q1 FY24.
• EBITDA for Q1 FY25 stood at Rs. 62.54 crore, with an EBITDA Margin of 38.9%, as opposed to an EBITDA of Rs. 44.49 crore in Q1 FY24 with an EBITDA margin of 33.7%. This marks a growth of 40.6% YoY.
• The Profit After Tax (PAT) for Q1 FY25 came at Rs 44.64 crore, compared to Rs 28.51 crore in Q1 FY24.
• The PAT Margin stood at 27.8% in Q1 FY25, compared to 21.6% in Q1 FY24.
• The company has seen good growth across different therapeutic areas in Q1FY25
• European markets now contribute 51% of our business revenue up from 43% in Q4FY24 and 34% in Q1FY24.

Consolidated Financial Highlights:

Dr Saloni Wagh, Managing Director, Supriya Lifescience Ltd, commenting on the results, said, “We are engaged in discussions with a diverse range of companies, from major pharmaceutical firms to innovative enterprises, to establish partnerships for supplying tailored products. The company achieved a record capital expenditure of Rs. 146 crore in the last financial year while also enhancing its return on equity by 210 basis points

 We’re proud to unveil our new R&D facility at Lote Parshuram and anticipate the completion of our Ambernath lab by early Q2FY25. These state-of-the-art centers will drive our next phase of growth, focusing on advanced product development, CMO/CDMO opportunities, and expanding our portfolio to meet evolving market needs. Moving forward, the company aims for significant growth with improved profitability.”