28, Dec 2023
Charting India’s Employment Odyssey: 2023-2024 Unveiled
The Indian hiring ecosystem in 2023 witnessed a mixed chain of reaction. The overall intent to hire decreased from 51% in Q2 FY22 to 36% by Q2 FY23. Owing to global recession and shift in business synergies, the IT sector witnessed a dip during the initial quarters of this year. In fact, in Q1 FY24, IT witnessed the sharpest contraction in headcount in the last three years as companies were experiencing the heat of the slowdown in projects.
The employment landscape in India faced a challenging scenario characterized by significant layoffs initiated by major corporations. Among the various sectors affected, the technology sector experienced the most severe impact, closely followed by e-commerce, finance, and education. Several factors contributed to these layoffs, including the global economic slowdown, ongoing conflicts, increasing inflation, and a downturn in funding within the startup ecosystem.
However, in Q2 FY24, the key IT firms reported a 3-10% average increase in their net profits. The positive growth trajectory was largely influenced by IT players securing strong new wins, expanding multi-year renewals with existing clients, and growing investment into technology, etc. Despite the initial slowdown some of the skill sets which continued to shine in prominence in this segment included software development (with 28% demand), SAP expertise (12 % demand), automotive design (14% demand), and testing skills (12% demand).
Amidst the burgeoning expansion of the sunrise sector within the Indian economic landscape, the overall hiring sentiment remained notably optimistic throughout the course of the year 2023. Specifically, domains such as Electric Vehicles (EVs) constitute highly technical industries, and there is a strong demand for skilled talent in areas such as engineering, manufacturing, and research and development. In addition to traditional engineering and manufacturing roles, the EV sector is also creating new job roles in areas such as battery technology, charging infrastructure, and software development. Overall, it has been estimated to have witnessed a growth of 40-45% of jobs in 2023 as compared to 2022 and in 2024, hiring is further expected to surge by 15-20% in the coming year.
Furthermore, corporations are progressively directing their attention towards fostering diversity and inclusivity within their recruitment strategies. This shift is propelled by various factors, including the growing awareness of the benefits of a diverse workforce and the increasing number of women and other underrepresented groups entering the workforce. Throughout the year, there was an evident rise of 26% in diversity-focused hiring compared to the preceding year of 2022.
The third quarter of this fiscal is bringing a favorable outlook. Promising prospects are foreseen in green technology, electric vehicles, and an increased emphasis on AI and cybersecurity. IT enterprises are actively searching for proficient experts to make the most of these opportunities. Furthermore, IT firms foresee a strong hiring expectation, estimating an increase of approximately 8-10% in Q3FY24.
Anticipations for 2024 are optimistic on both technological and non-technological fronts in the realm of hiring. Reports indicate that IT hiring is expected to gain momentum in the early months of the calendar Year 2024, driven by the increasing adoption of new technologies such as big data, cloud computing, and artificial intelligence. Overall hiring in the IT sector is expected to surge by 12-15% in CY 2024, especially due to the surge in GCCs and global economy settling down comparatively. From a quarter perspective the initial quarter will notice an average 8-10% growth in hiring, followed by Q2 and Q4 demand percentage rising up to 12-14%.
Some of the most in-demand IT skills in 2024 are expected to include, AI/ML Experts, DevOps Specialists, Full Stack Developers, Cybersecurity Experts, Blockchain Developers, Cloud Architects, UI/UX Designers, and so on. Emphasizing upskilling and reskilling will remain a prominent objective for a majority of companies.
Top Skill Sets/ Profiles for 2024 :
| Top Skills | Average Hiring Increase Expected in 2024 |
| AI/ML | 10-12% |
| DevOps | 10-12% |
| Cybersecurity | 12-15% |
| Blockchain | 8-10% |
| Cloud Computing | 10-12% |
| UI/UX Designing | 12-15% |
| Data Science | 10-12% |
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- By Rabindra
28, Dec 2023
Tata Steel Recognised Among ‘Top 50 Innovative Companies’ of 2023 by CII
Bengaluru, December 28, 2023: Tata Steel has been recognised as one of the ‘Top 50 Innovative Companies of the Year’ by the Confederation of Indian Industries (CII) at the CII ‘Technology Conclave and Innovation Awards,’ 2023 ceremony, showcasing the Company’s commitment to innovation.
The award evaluates all kinds of new processes, products, services, technologies, innovations, and approaches that can fuel growth in the organisation and have brought tangible results or made radical changes within or across the industry.
Dr. Debashish Bhattacharjee, Vice President, Technology and R&D, Tata Steel, said: “We are honoured to receive this prestigious recognition by CII, which recognises our commitment to addressing industry challenges and driving innovation in new products, processes, and solutions. This achievement reflects our dedication to fostering a culture of innovation and implementing robust management systems throughout the organisation. The CII platform facilitates knowledge-sharing and gathering insights from diverse industries fostering collaborative learning.”
Tata Steel’s recent pilot trial of hydrogen injection in Blast Furnace to reduce CO2 footprint played an important role in Company winning this award. The successful trial validated the potential to reduce the coke rate by 10%, translating into around 7-10% reduction in CO2 emissions per ton of crude steel produced.
Tata Steel is continuously investing in innovation with an objective to indigenously develop and utilise new cutting-edge technologies and work towards the long-term vision of self-reliance and a sustainable future.
28, Dec 2023
Vyug is ready with new dimensions in the field of Metaverse and successfully showcased Ubaid Chand’s avatar.
With the changing times, new changes are taking place in the field of technology every day. In such a situation, Metaverse is being considered as the new future. Even in the area of Metaverse, further experiments are coming out every day, which are shocking. In such a situation, recently a company named Vyug has done a new experiment. Vyug unveiled the avatar of its founder, Ubaid Chand, in the presence of many film personalities Like Shilpa Shetty, Ronit Roy, Aditya Narayan, and thousands of audience at the Vyug Unveil event held at the Greater Noida Expo Centre. This incarnation was talking to people precisely like Ubaid Chand.
Chief Manager of the organization, Richa Thakur, said that many changes are continuously taking place in the field of Metaverse. There was a time when 3D looked very exciting and seemed natural. But now is the time of virtual reality. In such a situation, Vyug, which is like a virtual era, is ready to bring change with VR technology. She said that now it will be easier to feel the natural environment even from a distance. In the recent past, there has been a digital revolution, AI has made its place, and gradually, people have started accepting it; in such a situation, it is our endeavour that VR technology also reaches people, and people of all classes learn from this technology.
Whereas Vyug founder Ubaid Chand said that the Metaverse will bring revolutionary changes in the field of business and entertainment. People will stay caught up in this technology, which is extremely easy to use and saves both time and cost. He said that this will not only make life easier but will also create new employment opportunities in the field of IT. At the same time, in many cases, it will also help in saving both resources and the environment. In such a situation, moving forward with this technology is to contribute to the digital revolution.
During the conversation, Richa Thakur said that releasing the avatar of Vyug is just the beginning; Vyug is planning to add more information and features to the platform. For this, continuous work is being done by the technical partners and gaming, famous cities of foreign countries, museums, events, etc., are being added to the platform. Apart from this, the feature of an avatar is also being added for the users to give them an actual virtual experience. By using it, people will be able to create their avatars and enjoy real gaming. Also, educational material for youth and students is being added, and a digital library feature is also being added. Due to this, the students will feel as if they are studying in the library while sitting at home, and this will be an unprecedented change
28, Dec 2023
Consistent Infosystems Bags Prestigious Awards at 15th DT Awards
New Delhi, 28th December 2023: Consistent Infosystems, one of the fastest-growing Indian IT brand with products catering to the IT, Electronic & Home Entertainment Industry is proud to announce that it has bagged the 2 awards in 15th Edition of DT Awards was held recently held at The Surya, New Delhi honoring the best tech brands in the Indian ICT industry. The brand was awarded “The Fastest Growing Indian Technology Brand 2023” and “The Fastest Growing Indian SSD Brand” 2nd time in a row by the media publication. This product and innovation honor is one of the biggest and most prestigious recognitions in the IT industry. DT Awards 2023 recognized the countless efforts of tech brands in bringing best tech innovations and products for Indian consumers.
As a technology solutions brand that has a consistent futuristic approach toward all its products and innovations, Consistent Infosystems has become a major market player in the Security, Surveillance Networking, and Print consumables domain of the country. Founded by Nitin Bansal and Yogesh Agarwal in 2011, the brand has achieved a decade-long experience and significant market share in India. The objective of DT Awards has always remained to reward the entire IT community for their great collaboration and partnership which assist this industry in going with great pace.
Founders of CONSISTENT Infosystems Pvt Ltd, Nitin Bansal and Yogesh Agarwal collected these awards and expressed their gratitude with the promise to integrate more purpose into their working and complement the awards won. On this occasion both founders said, “It is a moment of extreme honor for us to be recognized at this prestigious platform. It is a validation of our work and determination and we hope to continue working for the betterment of the tech sector and its stakeholders, especially the consumers.”
Riding on its innovative approach, Consistent has grown successfully and has increased its footprint across all major states in India. Today the company has 20+ branches, 9+ countries presence, a portfolio of 300+ products, 300+ employees, 55+ Service centres and more than 3500+ channel partners. Quality and service are the key parameters on which CONSISTENT has laid its foundation and remain to be of paramount importance in everything they do to provide customer satisfaction.
28, Dec 2023
Logistics Trends & Predictions 2024: AI to Redefine Technology Landscape
In the wake of unprecedented global disruptions, such as the COVID-19 pandemic, the logistics industry has emerged as a critical player in stabilizing economies and ensuring the timely delivery of essential goods. As we stand on the cusp of 2024, the sector is poised for significant transformations, driven by technological advancements and a heightened focus on sustainability. Before beginning the new year, it’s imperative to examine the trends that will serve as guiding lights, leading businesses toward a future marked by prosperity and innovation.
1. Generative AI: Shaping the Future of Logistics for 2024 and Beyond
The logistics and supply chain landscape are undergoing a profound technological revolution, and one of the key advancements set to redefine the industry is the incorporation of generative AI into logistics operations. Generative AI, encompassing algorithms capable of generating diverse data types, is poised to revolutionize the industry across multiple dimensions.
According to global research, the generative AI logistics market is set to surge from $412 million to an astonishing $13,948 million by 2032, showcasing a remarkable CAGR of 43.5%. North America is anticipated to lead this transformation, with a current market share standing at 43%. The potential of generative AI lies in its ability to minimize stockouts, optimize delivery routes, identify risks, and enhance resource allocation, promising a transformative impact on productivity.
The application of generative AI goes beyond routine tasks, offering real-time communication enhancements through AI-powered chatbots and virtual assistants. This technology’s ability to forecast disruptions within supply chains, addressing issues like route deviations, unexpected weather anomalies, or breaches of Service Level Agreements, is particularly noteworthy. With generative AI applications like real-time fleet tracking and control towers, businesses can proactively identify potential delays and mitigate risks before they impact revenues.
Despite the significant growth in AI adoption, a McKinsey report reveals that there is still untapped potential, with less than one-third of organizations implementing AI across multiple business functions. The upcoming years are expected to witness a pivotal role for generative AI in reshaping logistics operations, ushering in an era of unparalleled efficiency and innovation.
2. Addressing Carbon Emissions: A Global Priority for Businesses
Reducing carbon emissions has become a top priority for logistics businesses globally. In 2024, the industry is placing heightened focus on cost, capacity, service, and most importantly, carbon footprint. The logistics response to carbon emissions varies across regions, each exhibiting unique approaches and challenges.
The United States, as the largest contributor to transportation emissions, is expected to take stronger initiatives to reduce carbon emissions in 2024. Indonesia is making progress driven by consumer demand for sustainability. The Middle East, a key player in global fuel production, is investing in technology to reduce carbon emissions. In contrast, India faces significant sustainability challenges, but logistics businesses are actively investing in solutions to address carbon emissions.
The logistics industry is recognizing the need for sustainability, with businesses aligning their strategies to meet consumer demands for eco-friendly practices. The focus on carbon emissions is not only a moral imperative but also a strategic move to stay competitive in a market where consumers increasingly value sustainability.
3. Quick Commerce Revolution to Make a Comeback
Quick commerce, an e-commerce model focused on ultra-fast deliveries within an hour, is gaining momentum worldwide. In the USA, key players like Gopuff, Instacart, and Getir are heavily investing in this trend, with projections indicating revenues reaching $30.8 billion in 2024. The Middle East and Indonesia are also embracing quick commerce, with substantial market growth predicted in the coming years.
India, with its tech-savvy population, is experiencing rapid growth in quick commerce adoption. Projections suggest an annual growth rate of 49.5%, potentially reaching a market volume of $7.88 billion by 2027. The rise of quick commerce is reshaping the logistics landscape, driven by changing consumer behaviors and expectations for ultra-fast deliveries.
4. Embracing the Future: The Rise of Asset-Light Logistics
In 2024, a compelling trend gaining prominence in the logistics landscape is the growing preference for an asset-light logistics model. This transformative approach empowers businesses to prioritize customer experiences while reducing reliance on physical assets for operations, resulting in lower operational costs.
A significant 67.5% of companies worldwide entrust their transportation operations to third-party logistics (3PL) providers, while 63.5% outsource their warehousing operations. The financial impact of transportation costs, contributing to over two-thirds of total business logistics expenses, is driving the surge in adoption of asset-light logistics.
Technology platforms like Locus are playing a pivotal role in facilitating the transition to an asset-light model. Locus’ Multi-Carrier Parcel Management Solutions enable businesses to maintain branded tracking visibility while outsourcing their fleet operations. As we move into 2024, the asset-light logistics model is poised to disrupt the industry, offering businesses a dynamic, cost-effective, and agile approach to meet the ever-changing demands of the modern marketplace.
5. Cloud-Based Revolution Set to Transform Logistics
In the dynamic business landscape of logistics, cloud-based solutions are emerging as a pivotal force, driving the digital transformation of operations. The widespread adoption of cloud-based solutions by enterprises is expected to reach new heights in 2024, offering advantages such as speed, cost-effectiveness, control, scalability, and security.
A report projects that within the next five years, a staggering 86% of supply chain-based companies will incorporate cloud computing into their operations, highlighting the growing recognition of the value of cloud-based solutions. The global cloud supply chain management market is predicted to skyrocket from USD 21.79 billion in 2022 to an estimated USD 71.93 billion by 2030, driven by a robust CAGR of 16.10%.
As businesses seek to navigate the evolving logistics landscape with greater agility, efficiency, and cost-effectiveness, the cloud-based revolution will play a pivotal role in reshaping the industry. Whether to build an on-premise solution or opt for a ready-made cloud-based solution is a crucial decision businesses will face, with both options presenting unique advantages and challenges.
Conclusion: Navigating the Future with AI in Logistics
As we step into 2024, the logistics industry is at a crossroads, with AI poised to redefine the technological landscape. The integration of generative AI, the focus on sustainability, the rise of quick commerce, the shift towards asset-light logistics, and the cloud-based revolution collectively signal a transformative era for the logistics sector.
The year 2024 is not just about delightful customer experiences, maximum profitability, and sustainability. It’s also about embracing advanced technologies like Locus’ transportation management platform, which acts as a game-changer in elevating logistics operations. With its array of customer-friendly features and seamless integration capabilities, Locus’ platform represents the future of logistics – a future marked by efficiency, innovation, and profitability. As businesses navigate these trends, those that embrace AI and advanced technologies are likely to emerge as leaders in a rapidly evolving and competitive landscape.
27, Dec 2023
NMIMS STME Students Craft Digital Solution for City Parking Woes
iPark prototype gets approval from Ministry of Housing and Urban Affairs
A team of students from NMIMS STME win the Smart India Hackathon 2023
Indore, 27 December, India: Addressing the growing problem of unorganised parking in major urban centres of the country in their prompt statement at the Grand Finale round of ‘Smart India Hackathon 2023’, a team of six exceptional students developed a working prototype of an innovative application called, ‘iPark’. The application leverages technologies such as Artificial Intelligence (AI) and Computer Vision (CV), and is designed to help traffic regulators live-track and detect unorganised and illegal parking.
Sam Varghese, Nishtha Pandya, Suhani Khandelwal, Priyansh Chhablani, Arohi Jain and Shalom Ram were part of the team from SVKM’s NMIMS School of Technology, Management and Engineering (STME) Indore that participated in the All-India Council for Technical Education’s (AICTE) ‘Smart India Hackathon 2023’, a national-level competition for young innovators. The team was selected among the top 5 teams for the ‘Grand Finale’ round of the competition. Participants included teams from NMIMS Mumbai, KIET, <mention the three other colleges>. The team were adjudged the winner of the competition.
For the Grand Finale round, participating schools were required to organise internal hackathons at their respective campuses and select the top 30 teams. The AICTE then selected the top 5 teams from all the participating teams for the finale. Participants were provided with problem statements from various Ministries of the Government of India. The finalists had to select one problem statement, develop a working prototype of their innovative product, and present it in front of a panel of judges in the final round of the competition. Each problem statement could have a maximum of 500 teams applying for it, out of which 5 teams were shortlisted for the Grand Finale.
This year, the esteemed judges included Product Managers from top companies such as Wipro as well as owners of US-based start-ups. Honourable Prime Minister Shri Narendra Modi attended the event virtually and interacted with the participants, encouraging them to think innovatively to usher in new chapters of ‘Make in India’ and ‘Digital India’.
The winning team from STME selected the problem statement by the Ministry of Housing and Urban Affairs, which required them to solve the problem of parking spaces across cities in India. They were required to develop and present their innovation within 2-3 weeks. In the endeavour, they received help at every step of the way from the esteemed faculty at NMIMS Indore and were mentored by <mention the name of the mentor>
They developed ‘iPark’, a mobile application, which uses Computer Vision, Live Tracking and Artificial Intelligence technologies to aid traffic regulators in solving this problem. The app assists drivers in finding authorised parking spots across the city. This helps in tackling problems relating to traffic violations, congestion and pollution resulting from illegal and unorganised parking. The team presented a fully functional working prototype of their product in front of the judges at the finale.
The students behind the innovation received a cash prize of INR 1,00,000 as well as appreciation from the judges. The participants will use the cash prize to further improve and develop the mobile application. Moreover, in the next few months, the Ministry of Housing and Urban Affairs will start testing ‘iPark’ across the country.
Speaking about the learnings from the competition, Sam Varghese, a student from the winning team said, “Participating in events like the Smart India Hackathon 2023 provides you with global exposure. They provide you with a unique platform for knowledge exchange and interaction with students from top educational institutions such as IITs.”
Expressing his thoughts on this student achievement, xx, designation, NMIMS Indore, said, “The success at the Smart India Hackathon 2023 is the result of the relentless efforts of the students and their fascination towards innovation and technology.”
Appreciating the achievement of the NMIMS Indore team, Dr. Anshuman Jaswal, Director, NMIMS Indore, said, “We welcome the victory of our students at the Smart India Hackathon 2023. iPark is a first-of-its-kind application that uses AI technology to manage parking and traffic adherence and can transform urban infrastructure by decongesting road traffic. We look forward to their collaboration with the Ministry of Housing and Urban Affairs.”
27, Dec 2023
Bramhansh Technologies Triumphs as Tech Innovation Startup of the Year 2023 at Half Brick Startup Connect Event
Bangalore, India – December 27, 2023 – The vibrant energy of Bangalore’s thriving startup ecosystem reached its peak recently as The Half Brick Startup Connect Event hosted its much-anticipated award ceremony, recognizing and celebrating the most promising ventures in the region. Amidst stiff competition, Bramhansh Technologies emerged as the shining star, securing the prestigious title of TECH INNOVATION STARTUP OF THE YEAR 2023.
The Half Brick Startup Connect Event stands as a renowned platform that brings together leading entrepreneurs, potential investors, ecosystem partners, and industry leaders. The award ceremony serves not only as a celebration of achievements but also as a valuable opportunity for networking and gaining insights from experienced professionals. Bramhansh Technologies, a rising force in the startup landscape, clinched the top honor, showcasing their dedication, innovation, and commitment to making a significant impact in the tech industry.
A diverse panel of industry veterans and investors graced the event, emphasizing the depth and potential of Bangalore’s burgeoning startup scene. However, when the category “TECH INNOVATION STARTUP OF THE YEAR 2023” was announced, all eyes turned to Bramhansh Technologies. The company’s groundbreaking ideas and commitment to addressing critical needs while demonstrating social value and impactful outcomes set them apart.
Bramhansh Technologies’ victory aligns strategically with the award’s rigorous criteria, which focused on unparalleled novelty, social value, impactful outcomes, market potential, and sustainable scalability. The company not only offered a solution but presented a compelling vision for a future where technology empowers a healthier and happier society.
Jaideep Tiwari, Founder & CEO of Bramhansh Technologies, expressed gratitude and excitement while accepting the trophy alongside K. Kartik, Co-founder & COO of the company. “We are overwhelmed and deeply honored to receive this prestigious award. This recognition fuels our passion and reinforces our commitment to provide innovative solutions to treat health issues globally.”
The Half Brick Startup Connect Event is not merely a stage for individual triumphs; it embodies the collaborative spirit that thrives in Bangalore’s startup ecosystem. The event brings together mentors, investors, and entrepreneurs, fostering connections and cross-pollination of ideas.
For Bramhansh Technologies, the award represents more than just a trophy—it symbolizes an opportunity to amplify their impact and accelerate their growth. The network garnered and the validation received will empower them to attract talent, secure funding, and bring their innovative solutions to a global audience.
As The Half Brick award concluded with a resounding message, Bangalore’s startup ecosystem is a breeding ground for groundbreaking ideas and unstoppable entrepreneurs. With Bramhansh Technologies leading the charge in technological innovation, the future of Bangalore’s startup scene looks brighter than ever.
27, Dec 2023
year-end quote from Mr. Ashish Dobhal, CEO, UPL SAS
Mr. Ashish Dobhal, CEO, UPL SAS, said, “The year 2023 has presented several challenges for the global agricultural industry. Input price fluctuations, pest attacks and extreme weather events have compounded difficulties. However, despite these challenges, the industry has demonstrated remarkable resilience, underscoring the importance of sustainable farming practices. Even in adversity, these practices have proven pivotal in ensuring stability and sustainability in agriculture. Moreover, 2023 has emphasized the increasing significance of technology in farming, showcasing how innovation can revolutionize agricultural practices, making them more efficient and sustainable for the future.
Looking ahead to FY24, there is optimism regarding the positive changes that can be implemented in the agriculture sector, with a keen focus on sustainable practices, climate solutions and the integration of technology. At UPL, in line with our vision of ‘Reimagining Sustainability’ for farmers and food systems, we are taking bold steps to reduce our environmental impact, strengthen our social responsibility initiatives, and improve our governance practices – and we are proud that Dow Jones Sustainability Index has recognized this. We remain focused on breaking new ground for our industry and look forward to progressing our sustainability initiatives as we approach our 2040 carbon-neutral commitment.
Additionally, in the year ahead, under UPL’s Shashwat Mithaas – Sustainable Sugar Program, which exemplifies the company’s steadfast dedication to sustainability, aiming to provide sustainable solutions for sugarcane farmers, we are planning to sign Memorandums of Understanding with 15 sugar mills across Karnataka, Telangana, Madhya Pradesh, Uttar Pradesh, Maharashtra, and Gujarat. Furthermore, in collaboration with other global leaders, we have entered into an agreement to bolster food production, storage, and supply chains in the developing world through the ‘food security’ program.
Given the unpredictability and potential impact of weather adversities every year, it is imperative for us to remain vigilant. Hence, it is essential to commit to leveraging cutting-edge technologies and promoting practices like precision agriculture to empower our farmers and ensure global food security. The integration of technology not only augments productivity but also fosters sustainability, thereby playing a pivotal role in propelling growth within the agricultural sector on a global scale. Moving forward, we anticipate a potentially significant stride forward for sustainable agriculture globally.”
23, Dec 2023
Ankush Ahuja launches Value Opportunity Fractional Ownership Venture across Land | Commercial | Residential Assets : www.FOIP.in
First of its kind fractional ownership platform which invests in Value asset – Residential, Land and Commercial Opportunities
New Delhi, 23st December, 2023: Ankush Ahuja, a pioneering spirit in real estate and financial services with a distinguished track record spanning over two decades, introduces FOIP—Fractional Ownership Investment Platform. This venture is poised to reshape the investment landscape, driven by a vision that transcends boundaries and powered by state-of-the-art technology.
FOIP stands as a testament to its leadership—a fractional ownership platform steered by veterans boasting an unmatched cumulative experience of over 100 years in real estate and financial services. The mission is clear: to democratize access to value assets with a smaller ticket size and a better return for smaller investors. This vision is actualized through an innovative fractional investment model, a seamless online investment experience, and meticulous end-to-end asset management.
In the realm of financial visionaries, Ankush Ahuja stands tall, having charted a course through leadership roles across fund management, real estate, foreign exchange, wealth management, banks, brokerages, telesales, mutual funds, and life insurance organizations. He has an impressive professional history, having held significant roles with well-known organizations. He also held roles with Piramal Capital, Mirae Asset Mutual Funds, DLF Group, Standard Chartered Bank, American Express and many more contributing his expertise to notable positions within distinguished organizations.His strategic acumen and extensive experience uniquely position him to drive FOIP toward unprecedented success.
“FOIP is not merely a platform; it signifies a paradigm shift in democratizing value assets never accessible to common masses,” emphasized Ankush Ahuja, Founder and CEO of FOIP. “We are committed to dismantling barriers and providing investors with the tools they need to participate in the dynamic world of fractional ownership. Our platform employs cutting-edge technology, delivering a transparent and user-centric investment experience, democratizing high-quality assets for everyone.”
23, Dec 2023
HFCL introduces indigenous 5G FWA CPE solution to revolutionize last-mile broadband connectivity
● HFCL has indigenously designed and developed first ‘Made-in-India’ 5G FWA CPE portfolio to meet the growing demand for seamless high-speed internet connectivity for homes and enterprises
● Range of Indoor and Outdoor 5G FWA CPEs across multiple frequency bands that are ideal for telcos to address last mile connectivity in urban and rural markets across India and global markets
● AI-integrated mobile app offers easy installation and zero touch provisioning for quick deployment
New Delhi, December 23, 2023: HFCL Limited (HFCL), a leading technology enterprise and integrated next-gen communications product and solution provider has launched India’s first indigenous 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) solution. Pioneering innovative and indigenously developed technology products, HFCL’s portfolio of Indoor and Outdoor 5G FWA CPE products will accelerate broadband penetration in urban, rural areas of India and help bridge the last-mile connectivity challenge in India and other key global markets.
There has been a remarkable surge in demand for safe and high-speed internet access in India driving the need for fiberisation and increased broadband penetration. In addition, the rising data demand from micro, small and medium enterprises is further pushing the need for an innovative connectivity solution. A report from Bank of America estimates that 5G-based FWA services could be worth up to $9bn a year and may be a valuable substitute for fibre broadband.
Built to complement wired broadband connections in areas where fibre rollout is limited, HFCL’s range of 5G FWA CPE support both 5G SA and NSA technologies across multiple Sub-6 GHz and mmWave frequency bands to offer cost-effective and fibre-like speeds to customers using the 5G network.
HFCL’s 5G FWA CPE portfolio of plug-and-play devices are lightweight, compact in size, have minimum power consumption and provide customer friendly features like Wi-Fi 6 technology to connect a large number of devices at high speed and come with an AI-integrated mobile app for self-installation and assist in identifying the best location with strong signal reception.
HFCL’s 5G FWA CPE portfolio offers new business opportunities for telecom service providers (TSPs) by allowing them to offer fixed internet broadband services to consumers and enterprises using their 5G network infrastructure.
