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.”

Cummins India Appoints Shveta Arya as Managing Director, Effective September 1, 2024

Bengaluru, India, August 14, 2024: Cummins India Limited, one of the leading power solutions technology providers, is pleased to announce that its Board of Directors has appointed Shveta Arya as an Additional Director and the Managing Director (Designate) effective August 8, 2024. Shveta Arya will take up the full-time role as the Managing Director of Cummins India Limited – effective September 1, 2024, subject to approval from shareholders through a postal ballot.

She succeeds Ashwath Ram, who will continue serving the company until August 31, 2024 (close of business hours). Under his leadership, the company achieved profitable growth and successfully navigated multiple challenges, including COVID-19.

Shveta leads the Power System Business for Cummins India Limited – a portfolio she will continue to hold even after her appointment as the Managing Director. As the business leader, she has been driving growth and enhancing market presence for power generation and industrial businesses serving India and the global market.​ She also successfully led the launch of the CPCB IV+ range of products, which was introduced in July 2023 and features amongst the most stringent emission standards for backup power generation in the world. Previously, as the leader of Cummins’ Distribution business in India, Shveta crafted a five-year growth vision that saw significant revenue expansion during her tenure.

Welcoming the new leader, Ashwath Ram, Managing Director, Cummins India Limited, said, “I am delighted to welcome Shveta as the next Managing Director of Cummins India Limited. As the Business Leader for Distribution and Power Systems, she has played an integral role in the company’s growth journey. Her strategic mindset, customer centricity, and commitment to our core values make her the perfect fit to steer the Company to greater heights. I wish her all the very best in this new assignment.”

Expressing her views on the appointment, Shveta Arya, Managing Director (Designate) and Business Leader – of Power Systems said, “It is both an honor and a privilege for me to lead an organization like Cummins India Limited, which has an illustrious legacy of powering India’s growth for over 60+ years. Under Ashwath’s leadership, the organization has grown tremendously over the last five years. I am deeply committed to steering the company into its next phase of growth and delivering our brand promise of innovation and dependability.”

Shveta holds a master’s from the Indian Institute of Management, Ahmedabad (IIMA) and a bachelor’s in Information Technology engineering from Delhi University. She has over 20 years of industry and management consulting experience in Automotive, Travel, Financial Services and Telecom sectors. Prior to joining Cummins in 2016 as the Head of Strategy, she has been associated with organizations such as Thomas Cook, Kearney and Infosys.

apna.co and AICTE concluded Silicon Valley Immersion Program, granting winners a trip to Silicon Valley

Mumbai, 14 August 2024: In a groundbreaking initiative aimed at bridging the gap between Indian talent and global opportunities, apna.co – India’s leading jobs and professional networking platform, in partnership with the All India Council for Technical Education (AICTE), announced the successful conclusion of the Silicon Valley Immersion Program (SVIP). This innovative program, an intellectual property created by apna.co, is designed to connect Indian youth with global tech giants and equip them with the skills needed to seize international opportunities, foster creativity, and enhance problem-solving abilities for a future-ready India.

SVIP, a national competition aimed at nurturing creativity and problem-solving skills, has culminated with Teena Chhatria, Aradhya Pitlawar, Kabir Arora, and Chaitanya Sai Krishna as its distinguished winners. These talented individuals, hailing from institutions such as XLRI Jamshedpur, WCE Sangli, and PEC Chandigarh, have earned a fully funded trip to Silicon Valley in the US. This extraordinary opportunity includes exclusive interactions with leaders from global tech giants like Google, Apple and Meta. The winners will gain insights into how these companies have emerged as world-leading tech conglomerates.

The program, which ran for 4 months, received an overwhelming 25,000 registrations from 6,000 colleges across India, with notable 40% female participation, highlighting the program’s commitment to diversity and inclusion. Any Indian aged 18 and above with at least a graduation degree (or actively pursuing one) was eligible for the program.The competition narrowed to a total of 20 national finalists competing in teams of two after a rigorous selection process. The first round included an online MCQ assessment covering logical reasoning, data interpretation, and critical thinking. The next round was a case study challenge in Marketing, Generative AI, Retail and Commerce and Software Engineering. The third and final round, the offline Grand Finale known as Startup Garage, brought participants face-to-face with a distinguished jury, including Nirmit Parikh, Founder and CEO of apna.co (and former Product and Strategy head at Apple), the AICTE Chairman, senior tech professional from Google, and other industry leaders. This decisive round determined the winning four participants.

The grand finale concluded at the AICTE HQ in New Delhi, determining the top two teams who won cash prizes worth 4 lakhs and a fully funded trip to Silicon Valley, USA.

Prof. (Dr.) T. G. Sitharam, Chairman, AICTE added, “The Silicon Valley Immersion Program aligns with our mission to enhance the quality of technical education in India. This initiative, developed in collaboration with apna.co, exposes our students to cutting-edge practices and the innovative mindset of Silicon Valley. We aim to prepare them not just as job seekers, but as potential job creators and global innovators. Through such programs, we’re taking steps to make our students industry-ready and globally competitive.”

Nirmit Parikh, CEO & Founder of apna.co, expressed his excitement about the program, “The Silicon Valley Immersion Program is a shining example of apna’s dedication to connecting dreamers with opportunities. By forging a bridge between Indian talent and Silicon Valley, we are giving young Indians the chance to learn from the best and bring their dreams to life. This is just the first step, with many more to come, in our mission to make India a global powerhouse in technology and innovation. At apna, we believe in opening doors for those who dare to dream, and this program is a chance for students to meet industry leaders and gain insights that will prepare them to lead and inspire on a global stage. Together, we are building a brighter future for India and its talented youth.”

The Silicon Valley Immersion Program enables Indian youth to connect with global technology leaders, encouraging them to be globally ready and dream big, emphasizing the importance of creativity and problem-solving in achieving life’s opportunities..

Your gateway to Himachal’s wonders: Club Mahindra Kandaghat Resort

New Delhi, August 14, 2024: En route to the renowned hill towns of Shimla and Chail in northern India lies the quaint and picturesque town of Kandaghat. Surrounded by majestic snow-capped mountain peaks, Kandaghat is an ideal destination for those seeking rejuvenation through leisurely walks amidst lush, green pastures. Nestled in this charming hill station of Himachal Pradesh, the Club Mahindra Kandaghat Resort offers an exquisite blend of natural beauty and modern comfort. The resort is conveniently accessible by road from Kalka, Chandigarh, and Delhi, with the nearest airports located in Shimla and Chandigarh. The best times to visit are from March to May and October to mid-December, while January provides a magical opportunity to experience snowfall.

Club Mahindra Kandaghat boasts 72 rooms, including studio, hotel units, and one-bedroom apartments. Guests can savor a variety of dining experiences at the resort’s Barbeque Bay, which offers stunning 360-degree mountain views and a grand fountain on the resort’s lawn. The Galaxy Bar and Blossom – multiple cuisine restaurants provide a diverse culinary experience, featuring traditional Himachali Thali alongside Western, Chinese, and Continental dishes. For a more intimate experience, candlelight dinners can be arranged upon special request. Additionally, the resort offers evening counter setups on select days, where guests can indulge in delicious specialties like Siddu, dim sums, and shawarma.

The resort offers a wide range of activities for guests to enjoy. Evening concerts featuring regional dances such as Nati and live music offer delightful entertainment. Guests can also partake in yoga sessions and various sports activities within the resort. For indoor fun, the resort’s Happy Hub includes art and craft activities, board games, arcade games, virtual games, karaoke, and training sessions on engaging activities like hocus-pocus science and painting pinecones. Outdoor enthusiasts can enjoy nature walks, village tours, river trails, and family picnics. For those seeking adventure, trekking to Karol Tibba in Kandaghat is a must. This trek leads to the oldest and longest cave in the Indian Himalayas, promising an enjoyable and memorable experience. Additionally, the resort features a spa offering Western therapies, perfect for relaxation after a day of exploration.

The resort’s prime location provides easy access to numerous attractions around Shimla, such as Apple Orchards, Mohan Shakti National Heritage Park, hot water springs at Tattapani, Rashtrapati Niwas, and Jakhoo Hills Temple. With breathtaking views of the surrounding hills and lush forests, the resort offers a serene retreat from the hustle and bustle of everyday life.

Featuring premium amenities and services, including elegant rooms, a rejuvenating spa, and diverse dining options, Club Mahindra Kandaghat Resort ensures a comfortable and luxurious stay for all guests. For a truly memorable vacation, book your stay at Club Mahindra Kandaghat Resort and immerse yourself in the natural beauty of Himachal Pradesh.

Auto Industry Performance of July-2024

Mumbai, 14 August 2024:

Monthly Performance: July 2024

 Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in July 2024 was 24,37,138 units

Domestic Sales:

• Passenger Vehicles2 sales were 3,41,510 units in July 2024.
• Three-wheeler sales were 59,073 units in July 2024
• Two-wheeler sales were 14,41,694 units in July 2024.

Commenting on sales data of July 2024, Mr Vinod Aggarwal, President, SIAM said, ““Though Three-Wheeler and Two-Wheeler segments are performing well, there has been some de- growth of Passenger Vehicles and Commercial Vehicles in July 2024, compared to July 2023. The above average rainfall coupled with upcoming festive season is likely to again propel growth in the short term. In addition, enabling budget announcements which emphasizes on overall economic growth with fiscal support for infrastructure and rural sector should augur well for the Auto sector in the medium term.”

Commenting on July-2024 performance, Mr Rajesh Menon, Director General, SIAM said, “In July 2024, Passenger vehicle segment de-grew by (-)2.5% compared to July 2023, posting a sales of about 3.42 lakh units. Three Wheelers posted a growth of 5.1% compared to July last year, with sales of 0.59 Lakh units in July 2024, which is close to the peak of 2018-19. Two- Wheeler segment also posted a decent growth of 12.5% in July 2024 as compared to July 2023, with sales of 14.42 Lakh units”.

Domestic sales :Monthly

Radisson Blu MBD Hotel Noida’s ‘Made In India’ Wins Big at Travel + Leisure Delicious Dining Awards 2024

National, India, 14.08.2024: Radisson Blu MBD Hotel Noida is thrilled to announce that its acclaimed restaurant, ‘Made In India’, has been honored with the prestigious title of “Best Contemporary Indian Restaurant” at the prestigious 5th edition of the T+L Delicious Dining Awards 2024. This accolade underscores the restaurant’s commitment to offering an exceptional dining experience that redefines modern Indian cuisine. Travel + Leisure recently celebrated the fifth annual Delicious Dining Awards at a gala evening at Le Méridien New Delhi. This year’s edition, aptly themed “Food Is Art,” celebrated culinary creativity, making Made in India’s win even more significant.

Made in India at Radisson Blu MBD Hotel Noida, reimagines traditional Indian dishes with a modern twist. Here, classic recipes are elevated with innovative techniques and presented in a stylish, contemporary way.

Ms. Monica Malhotra Kandhari, Managing Director of MBD Group, added, “Winning the T+L Delicious Dining Award for Best Contemporary Indian Restaurant is a significant achievement for us. It reflects our commitment to excellence and our passion for celebrating India’s rich culinary heritage through a contemporary lens. I congratulate the team on this esteemed honor.”

Ms. Sonica Malhotra Kandhari, Joint Managing Director of MBD Group expressed her excitement about the award, stating, “We are incredibly proud to receive this recognition for Made In India. This award is a testament to the hard work and dedication of our talented culinary team, who continually strive to create innovative and memorable dining experiences. Our vision has always been to blend tradition with modernity, and this award validates that we are on the right path. Congratulations to the entire team”

Discover the Power of Two with Philips’ latest Dual Basket Air Fryer featuring Rapid Air Technology

India, 14 August 2024: Versuni India, a leader in the domestic appliances industry and home to legacy brands Philips Domestic Appliances and Preethi, has launched its latest innovation: the Philips Dual Basket Air Fryer – 3000 Series. As the first to introduce air fryers to the Indian market in 2010, Philips has consistently led with cutting-edge innovations that transform everyday consumer experiences. Aligned with its commitment to creating consumer-inspired innovations, the new Philips Dual Basket Air Fryer – 3000 Series emerges as the ultimate cooking companion with two baskets of different sizes, designed to help cook a full family meal. This latest innovation underscores the brands commitment to making healthy cooking accessible and convenient. Featuring Philips’ patented starfish design, rapid air technology, and new advanced features, the new air fryer ensures perfectly cooked, flavorful dishes every time. This empowers consumers to embrace a healthier lifestyle without compromising on taste or convenience.

In today’s fast-paced world, where healthy eating is a priority for individuals and families alike, the new air fryer stands out with its ability to prepare nutritious and flavorful meals swiftly. Its innovative design allows users to cook larger quantities of food in one session, catering perfectly to busy households. With the launch of the Dual Basket Air Fryer – 3000 Series, Philips reaffirms its position at the forefront of enhancing everyday life through intuitive, state-of-the-art products.

Commenting on the launch, Pooja Baid, Chief Marketing Officer of Versuni India, said, “In 2010, when we introduced air fryers in India, we recognized the burgeoning interest in healthier eating habits. Over the past 14 years, we’ve witnessed a significant shift toward adopting healthier lifestyles, particularly after 2020. Amidst this trend, convenience remains pivotal in today’s fast-paced digital landscape. Understanding these consumer needs and pain points, we’ve developed a single product solution that addresses diverse requirements.

Whether it’s cooking larger portions or preparing multiple dishes simultaneously, our latest Dual Basket Air Fryer is designed to enhance everyday convenience and comfort for consumers. At Versuni, our commitment to understanding and meeting evolving consumer needs is unwavering. Our newest innovation stands as a testament to this dedication, reflecting our ongoing commitment to enriching the lives of our consumers and helping them turn houses into homes.”

The Philips Dual Basket Air Fryer – 3000 Series is designed to elevate your cooking experience with a range of user-friendly features. It boasts two asymmetrical baskets with a total capacity of 9 liters, allowing you to cook larger portions or two different dishes simultaneously, whether vegetarian and non-vegetarian options or sweet and savory treats. The asymmetrical design helps you better proportion your ingredients, with the large basket perfect for mains, fries, and your favorite dishes, while the smaller basket is ideal for sides, veggies, and snacks.

The Synchronized Cooking Option automatically syncs the cooking time in both baskets, so even if your ingredients require different cooking times, they will finish simultaneously. This feature, along with the TIME function, ensures all ingredients are perfectly cooked together, making the cooking process convenient and hassle-free. Equipped with Philips RapidAir Plus Technology and a patented starfish design, this air fryer ensures excellent air circulation, meaning the food is perfectly cooked every time, without the risk of undercooking or overcooking. With 8 preset settings, consumers can easily prepare a variety of dishes such as French fries, frozen snacks, chicken, veggies, fish, and even cakes – all with just one appliance.

What sets this air fryer apart is its dual basket design, a unique feature in the market. It also connects to the HomeID app, offering access to a range of recipes tailored for quick meals under 30 minutes. Consumers can now enjoy cooking with ultimate ease and convenience, making healthy and delicious meals effortlessly.

Alembic Pharmaceuticals receives USFDA Final Approval for Dabigatran Etexilate Capsules, 110 mg

14th August 2024, Mumbai: Alembic Pharmaceuticals Limited (Alembic) today announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Dabigatran Etexilate Capsules, 110 mg.

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Pradaxa Capsules, 110 mg of Boehringer Ingelheim Pharmaceuticals, Inc. (Boehringer). Dabigatran Etexilate Capsules 110 mg are indicated for prophylaxis of deep vein thrombosis and pulmonary embolism following hip replacement surgery. Refer label for a detailed indication.

Alembic has a cumulative total of 211 ANDA approvals (183 final approvals and 28 tentative approvals) from USFDA.

Accelerate Your Bond: Sibling Fun Awaits at Formula Karting

This Raksha Bandhan, gear up to supercharge your sibling bond with a high-octane adventure! Formula Karting is your ultimate thrill zone, where excitement and speed collide to create unforgettable moments. Get ready to rev your engines and experience heart-pounding fun that will set your sibling spirits racing!

 At Formula Karting, shared experiences, laughter, and adrenaline-pumping thrills create lasting connections. Our karting facilities offer the perfect environment for racing enthusiasts, whether you’re seasoned pros or first-time racers. Our tracks cater to all skill levels, ensuring a fun-filled experience for everyone.

 But the excitement doesn’t stop there! Karting is just the beginning of your adventure. As you hit the track, navigate sharp turns, strategize together, and compete for the best lap times, you’ll find yourself cheering each other on and strengthening your bond through friendly rivalry. This high-speed adventure will only bring you closer together.
Join us at Formula Karting to unleash your competitive side, embrace high-speed thrills, and create cherished memories. This Raksha Bandhan, race, bond, and revel in the excitement of karting with us. An action-packed experience filled with laughter and a dash of competition awaits you!