8, May 2024
Ankush Bahuguna The First Indian Male Beauty Content Creator to debut at the 77th Cannes Film Festival
One of the most popular and widely-loved content creators, Ankush Bahuguna, will be seen making a debut on the red carpet of the picturesque town of Cannes on the French Riviera for the 77th Cannes Film Festival — an event that is as much about fashion as it is about films. This makes Bahuguna the first Male Beauty Content Creator from India to make an international presence and showcase his talent on a global platform. To mark this milestone, Ankush is being styled by ace celebrity stylist Akshay Tyagi for the red carpet.
Emerging from a childhood shadowed by self-doubt and bullying as well as navigating through the complexities of his early career choices, Ankush Bahuguna’s journey from the capital city of India to Cannes is nothing short of inspiring. He was a year into pursuing architecture when he found solace in expressing himself through writing and discovered his passion for creating content. Bahuguna has worked his way to become one of the biggest names in the Indian beauty and comedy content creation spaces today, with millions of followers across social media platforms. The niche he has carved for himself with his versatility in the digital landscape around beauty, breaking gender norms and juggling genres through highly captivating and engaging content resonates with audiences globally.
Ankush is also the only male beauty creator with a popular YouTube series. ‘Wing It With Ankush,’ in association with one of the biggest beauty brands in India, is where he experiments with make-up inspo with established names from different walks of life. The series has garnered millions of views across the two seasons. Furthermore, Ankush was also the first male beauty creator who made it to the cover of Forbes magazine and was featured on the Forbes list of India’s top digital creators of 2023. He also made his runway debut with celebrity stylist Esha Amin at the Lakme Fashion Week in 2023.
To Ankush, entertaining the masses is a well-trod territory, and to up the ante, he deep dived into acting with the web series Joint Venture (2019) and Badboli Bhavna (2022). He has also bagged several prestigious accolades like the Cosmopolitan Indian Blogger Award for ‘Beauty Influencer of The Year Male (Popular Choice)’ in 2022 and 2023 and Cosmopolitan India’s Breaking Barriers Award, ‘Outstanding Beauty Creator of the Year‘ at the Myntra x Grazia Glammy Awards in 2023, amongst other noteworthy ones.
Ankush’s prolific journey has seen him breaking barriers and restrictive gender norms through his content revolving around beauty, make-up, and skincare. His debut at the Cannes Film Festival will not only add to his many firsts as a male beauty creator but will also definitely add his distinct voice to the global conversation about normalising make-up and grooming for men.
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- By Rabindra
8, May 2024
Tata Motors celebrates 9,00,000th vehicle rollout from its Lucknow facility
Bengaluru, 08 May, 2024: Tata Motors, India’s largest commercial vehicle manufacturer, announced a significant milestone of its 9,00,000th vehicle rollout from its state-of-the-art Lucknow facility. The celebration included a flag-off ceremony in the presence of Mr. Durga Shanker Mishra, Chief Secretary, Government of Uttar Pradesh, and senior delegates from Tata Motors, at the facility.
Spread across 600 acres, the Lucknow facility stands as a testament to Tata Motors’ commitment to sustainable manufacturing practices, with it being recognized as a water-positive plant by the Confederation of Indian Industry (CII). The facility houses a 6MW solar power plant, significantly reducing its carbon footprint. The facility augments ultra-modern vehicle manufacturing stations such as robotic paint booth and body-in-white shop featuring robotic spot welding, amongst other highlights. Since its inception in 1992, the facility has rolled out cargo and passenger commercial vehicles including light, intermediate, medium and heavy commercial vehicles, as well as electric and fuel cell electric buses.
Speaking at the 9,00,000th vehicle rollout from Tata Motors’ Lucknow facility, Mr. Durga Shanker Mishra, Chief Secretary, Government of Uttar Pradesh said, “I commend Tata Motors for reaching this significant milestone. This achievement underscores Tata Motors’ pivotal role in providing advanced, safer, and greener mobility solutions to address both present and future requirements. Furthermore, the company’s commitment to women’s empowerment, exemplified by over 22% women representation among new hires this year, marks a significant step forward for women in the manufacturing sector.”
Reflecting on this achievement, Mr. Vishal Badshah, Vice President and Head – Operations, Tata Motors Commercial Vehicles, remarked, “The rollout of our 9,00,000th vehicle from the Lucknow facility is a momentous occasion for Tata Motors. This facility has been pivotal in the manufacturing of our advanced electric buses, and has successfully delivered over 1200 units, which have cumulatively clocked lakhs of kilometres across the country. Uttar Pradesh has been one of our key markets and the Government of Uttar Pradesh’s impetus on infrastructure development has been a key enabler in boosting the sales of commercial vehicles. With our focus on Industry 4.0 integration, this facility has been delivering safe, smart and green mobility solutions to our customers. We extend our gratitude to our customers, partners and all colleagues and as we celebrate this milestone.”
Speaking at the occasion, Mr. Mahesh Suguru, Plant Head – Lucknow, Tata Motors Commercial Vehicles, added, “The achievement of our 9,00,000th vehicle rollout from the Lucknow facility is a testament of our commitment to excellence and innovation. Through the integration of cutting-edge technologies, we have optimised our operations, streamlined workflows, and elevated our standards of production to deliver superior vehicles that exceed customer expectations.”
Tata Motors is setting a benchmark in gender inclusivity and women empowerment at its Lucknow facility. Presently, women constitute one-third of the technical workforce, actively participating in all operational shifts and demonstrating a wide array of skills across the production of diverse products, including trucks and buses. The company is deeply invested in the comprehensive development of its women employees, providing them with hands-on industry experience through specialized training and workshops designed to boost their skills. With women representing more than 22% of the new recruits this year, Tata Motors stands as a proud proponent of women’s advancement in the manufacturing industry.
8, May 2024
Veranda RACE celebrates grand success of 2103 students
CHENNAI, 8th May 2024: Veranda RACE, a Veranda Learning enterprise, celebrated its 12th Success Meet across various parts of Tamil Nadu. The first successful meet was held in Chennai on April 6, 2024, followed by events in Madurai, Coimbatore, and Salem. The blue riband events celebrated the success of 2103 Veranda RACE students who crossed the finish line across Bank, Insurance, Railways, Central & State Government Exams over the past 12 months. At the recently announced TNPSC Group 2 results, over 350 students from Veranda RACE emerged victorious.
The success meets saw emotions running high as student achievers took to the stage with their parents and relatives to share their success stories.
Ms. K. Swarnalakshmi, who cleared the IBPS PO exam in Chennai, hailed Veranda RACE’s team for their never-ending support. “My mentors at Veranda RACE had a lot of belief in me. It wouldn’t have been possible without their support,” she said. Students were effusive in their praise for the Practice Village in Chennai.
The event, attended by the Veranda leadership team comprising Mr. Suresh Kalpathi (Executive Director and Chairman), Mr. Bharath Seeman (Founder of RACE), and Mr. Santosh Kumar (CEO of Veranda RACE), served as an indelible platform to recognize the hard work and dedication of students, faculty, mentors, and staff.
Mr. Suresh Kalpathi, CEO of Veranda Learning Solutions, remarked, “These achievements of our students speak volumes about the dedication and commitment of the entire Veranda RACE family. It is the hard work of our faculty, mentors, and staff that has paved the way for these remarkable results. I strongly believe that their holistic guidance will continue to bring laurels in the coming days.”
Mr. Bharat Seeman, the founder of RACE, shared his vision with the successful students. “Our Veranda RACE students are not just achievers; they are the future leaders and torchbearers of our nation. I am very hopeful that our students will continue to strive for excellence and serve our country,” he said. Veranda RACE is gearing up to host success meets in Tirunelveli and Thiruvananthapuram in the days ahead.
8, May 2024
Heartfelt Gifts Homeware that supports Mother’s well-being
In our quest to empower moms and support their well-being, we recognize the pivotal role homeware plays in creating a nurturing and functional environment. At Jaypee Plus, we’re excited to offer a curated selection of homeware items designed to uplift and support moms in their daily routines. From versatile kitchenware to thoughtful home decor pieces and essential homeware products, our range is tailored to enhance functionality and elevate comfort.
We believe that by providing moms with tools that simplify tasks and brighten their surroundings, we contribute to their overall well-being and empowerment.
Join us in celebrating the strength and resilience of moms everywhere by exploring our collection of homeware essentials, because every day deserves to feel as vibrant and joyful as a festive celebration.
Jaypee Plus Stainless Steel Electric Casserole Set of 2 E. Warmer 1150 Milliliter, Beige
Product Description:The perfect Mother’s Day gift! With advanced thermoware technology, it keeps dishes warm without the need for reheating, doubling as a self-serving station. Easy to clean with removable containers and lids, it also functions as a warming tray for added versatility. Crafted from premium stainless steel and glass lids, it ensures safe food preparation. Featuring auto cut-off technology and LED indicators, it’s both convenient and safe to use. Treat your mom to the elegance and convenience of the Jaypee Plus E. Warmer this Mother’s Day
Availability:Jaypee Plus Stainless Steel Electric Casserole Set of 2 E. Warmer 1150 Milliliter, Beige
Jaypee Plus Meal Plus lunch box 4 Containers Lunch Box (1390 ml)
Product Description :Treat your mom to the ultimate convenience and style with the Jaypee Plus Meal Plus Lunch Box, the perfect gift for the on-the-go mom! Whether she’s off to the office, school, or a picnic, this stainless steel lunch box is her ideal companion. With four microwave-safe containers, a steel bottle, spoon, and fork, it’s perfect for storing and enjoying meals on the move while keeping them fresh and delicious. Complete with a high-quality bag with a convenient strap, it’s easy to carry wherever she ventures. Give your mom the gift of convenience and style with the Jaypee Plus Meal Plus Lunch Box.
Availability:Jaypee Plus Meal Plus lunch box 4 Containers Lunch Box (1390 ml)
Jaypee Plus Tripot 3 Container Electric Blue Lunch Box
Product Description :
This chic stainless steel lunch box, with its serene beige hue and delicate floral theme, is a thoughtful gift for the mom who values both style and functionality. Boasting three leak-resistant containers and a solid pattern design, it ensures her meals stay fresh and secure on the go. Lightweight and practical, weighing just 998 grams, it’s the perfect companion for her daily adventures. Give your mom the gift of elegance and convenience with the Jaypee Plus Tripot Lunch Box this Mother’s Day!
Availability:Jaypee Plus Tripot 3 Container Electric Blue Lunch Box
VIBRANT COMBO PACK
Product Description: A pinnacle of quality crafted from food-grade, rust-free copper for unparalleled purity. With its innovative leak-proof design and convenient turn-around cap, it guarantees hassle-free hydration on the go. Safe, hygienic, and effortlessly maintained, this set epitomizes simplicity without compromising on strength or durability. Embrace the ease of use and peace of mind offered by Jaypee, ensuring every sip is a refreshing and worry-free experience.
Availability: VIBRANT COMBO PACK
VINTAGE 1000 (MATTE)
Product Description: A symbol of sophistication and sustainability. Crafted from premium food-grade copper, it guarantees purity and freshness with every sip. Featuring a leak-proof design and convenient turn-around cap, it ensures mess-free hydration on the move. Safety, hygiene, and maintenance simplicity are assured, reflecting our dedication to user satisfaction. Engineered for strength and durability, it’s not just a bottle, but a statement of eco-conscious living. Embrace the essence of responsible hydration with a generous capacity of 920 ml, redefining your daily refreshment experience.
8, May 2024
Zscaler Introduces First of Its Kind Digital Experience Monitoring Copilot to Enable IT Support and Operations with AI
Bengaluru, May 8th, 2024 – – Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced groundbreaking innovations – ZDX Copilot, Hosted Monitoring, and Data Explorer – to its Zscaler Digital Experience™ (ZDX™) service. The new ZDX Copilot, an AI assistant, instantly analyzes and harnesses knowledge from over 500 trillion data points daily across users, devices, networks, and applications, to provide IT operations, service desk, and security teams insights they need related to digital experience and performance. Teams can ask sequences of questions to effectively converse with Copilot, which uses Generative AI, to review high-level trends and progressively narrow results down to specific actionable insights.
ZDX Copilot delivers numerous benefits across IT and security:
Service desk teams can isolate root cause of user complaints to efficiently triage tickets and collaborate with other teams; they can also easily look up technical information.
Networking teams can conversationally perform deep analysis across networks, applications and regions to identify trends or find opportunities for optimization.
Security teams can ensure that their services are performant at all times, and instantly expose root cause of issues and affected parties when performance lags.
IT leaders can conveniently extract and present digital experience trends and performance insights to show progress, or to identify new opportunities.
ZDX Copilot also automates common configuration tasks like setting alerts, when asked. Its versatility can help your IT teams significantly improve efficiency, and collaboration across IT operations, service desk, and security. Every customer is equipped with their own Copilot keeping their company’s data private and secure.
Zscaler also announced the early availability of Zscaler Hosted Monitoring, a service that helps IT operations teams continuously monitor availability and performance of applications and services from globally distributed monitoring infrastructure on Zscaler’s global cloud. With Hosted Monitoring, IT teams can:
Ensure that external websites perform at their best, no matter where customers are located.
Monitor SLA compliance for applications and services purchased from SaaS, cloud, datacenter, or network providers.
Confidently roll out new applications or expand into new regions as businesses grow, whether organically or through M&A.
“As organizations adopt Zero Trust architectures, siloed monitoring tools lose visibility across the data path,” said Dhawal Sharma, Senior Vice President and General Manager at Zscaler. “ZDX reinstates end-to-end visibility across devices, networks, and applications. And with this release, Hosted Monitoring extends 24/7 monitoring to SaaS and external websites from several global locations. Using ZDX Copilot, IT teams such as Service Desk and IT Operations can achieve operational excellence by instantly accessing insights drawn from trillions of performance metrics using GenAI to easily analyze IT issues, and to work collaboratively with speed and accuracy.”
Zscaler Digital Experience has also introduced Data Explorer, which enables IT teams and leaders to easily build and share customized reports that visually correlate data drawn from diverse datasets, contextualizing it for their businesses.
8, May 2024
Pacific World School’s ‘Leading the Change, Living the Change’ Workshops
8th May, 2024:Pacific World School hosted an enriching workshop for the students of grades IX-XII titled “Leading the Change, Living the Change”. The workshop aimed at fostering a culture of embracing change for personal and societal growth. Esteemed guests Ms. Meaghen Blight, President of Wesleyan College, and Mr. Abhishek Gupta, Founder & CEO of High School Moms & GIDE.AI, graced the event with their presence.
Ms. Blight, drawing from her extensive experience in higher education, set an engaging tone for the workshop, while Mr. Gupta’s journey as a career counselor provided valuable inspiration for the students. Principal Ms. Pooja Bose warmly welcomed attendees, addressing topics such as gender bias and equality, underscoring the school’s commitment to inclusivity.
The workshop featured insightful sessions led by Ms. Blight on essential leadership skills and Mr. Gupta on futuristic career paths and education. Students appreciated Mr. Gupta’s guidance, resonating with his perspectives as a career coach. The distinguished guests were honored with art pieces crafted by talented students as tokens of appreciation.
Reflecting on the event’s success, Ms. Bose expressed gratitude to the guests for sharing their wisdom and inspiration, emphasizing Pacific World School’s commitment to nurturing resilient leaders guided by integrity and compassion. She expressed anticipation for future workshops aimed at inspiring and empowering students.
8, May 2024
Vice-President of India Shri Jagdeep Dhankhar Inspires Graduates at BIMTECH’s 36th Convocation
New Delhi, May 8th, 2024: Birla Institute of Management Technology (BIMTECH), a leading B-School in India, successfully held its 36th Annual Convocation on 6th May 2024 at Jaypee Greens Sports Complex, Greater Noida. The landmark ceremony was dignified with the presence of the Honorable Vice-President of India, Shri Jagdeep Dhankhar. With pumping hearts and eyes glued to the stage the students eagerly waited to receive a motivational address by Shri Jagdeep Dhankhar. The flagship event was also graced by the esteemed Chairperson of the Board of Governors, Smt. Jayashree Mohta and Dr. Prabina Rajib, Director, BIMTECH.
Inspiring the students, Vice-President Jagdeep Dhankhar shared, “It is a great pleasure for me to be present here at the 36th Convocation of BIMTECH. I’m proud of the Women Reservation Bill we passed, and I’m seeing more women leading institutions. Jayashree Mohta, Chairperson of BIMTECH, is a true example of giving back to society, hence, I invite your faculty and your students to visit new building of parliament and we’ll have the occasion to interact there also”. He further advised the graduates,” As you graduate, remember to nurture economic nationalism and promote value addition in India. You are the future leaders driving economic, technological, and social progress. Embrace change, be persistent, and never fear failure. Congratulations and best wishes to all of you.”
The jubilant event witnessed the graduation of 478 students with flying colors. The illustrious affair rewarded degrees to the graduating cohorts from PGDM, PGDM-International Business (IB), PGDM-Retail Management (RM), and PGDM-Insurance Business Management (IBM). During the inaugural address, Smt. Mohta, said,” This Convocation marks a milestone, not only for the students but also for the entire BIMTECH community. We are extremely proud of the achievements and growth in the batch size. Today we’re here to celebrate the culmination of years of hard work and dedication. As BIMTECH’s graduates gear up to navigate the corridors of professionalism, I wish them the best to become capable leaders and changemakers.”
Presenting the annual progress report, Dr. Prabina shed light on BIMTECH’s legacy and shared, “Maintaining the BIMTECH standards, the past year’s advancements are a testament to our perennial focus on nurturing talent. This Convocation is the epitome of academic brilliance and celebration.” She further suggested to the students, “Embark on your professional journeys with passion and embrace your uniqueness. I extend my heartiest wishes to all our graduates for their future endeavors.”
BIMTECH has signed an MOU with Singapore Management University (SMU) for an ‘Inclusive and Immersive Experiential Learning (I2XL) Programme’ under which five BIMTECH students have been selected to visit SMU for an intensive Executive Development Programme. BIMTECH plans to scale up the numbers in the forthcoming years.
The event also celebrated 12 highly ambitious degree holders by rewarding their exceptional academic attainment. Gold medals were handed over for securing the overall first position to Mr. Nitesh Shah in PGDM, Ms. Aanchal Mittal in PGDM (IB), Ms. Ritika Srivastava in PGDM (IBM), and Ms. Sanskriti Khare in PGDM (RM). Special medals were awarded for securing the first position to Ms. Devanshi (The Marketing Specialization Stream), Mr. Parth Aggarwal (The Operations Specialization Stream), Mr. Nitesh Shah (The Finance Specialization Stream), and Mr. Agam Mishra (The HR Specialization Stream). Dr. C.B. Gupta Memorial Medal was honored to Mr. Shashwat Tandon of PGDM (IB) for all-around best performance among male students. Smt. Yashoda Jaju Memorial Medal for all-around best performance among female students was awarded to Ms. Kriti Singh PGDM (IB). Smt. Madhuri J. Sheth Award for best academic performance among female students was awarded to Ms. Aisha Asija (PGDM) and Ms. Aanchal Mittal PGDM (IB). Dr. Ashutosh Kumar was acclaimed with the Jagdish N Sheth Best Thesis Award 2023.
The institute thrives on a symbiotic relationship, embodying excellence in management education with its 7000+ strong alumni base. BIMTECH proudly announces that Ms. Surbhi Goel, an alumna, has become the first female CEO (designate) of Munich Re India, and another alumnus, Mr. Nainoor Desai, has become the Business Head-Corporate at SBI General Insurance.
Inspired by its founder late Basant Kumar Birla, BIMTECH pioneers innovative programs like PGDM, PGDM-International Business (IB), PGDM-Retail Management (RM), and PGDM-Insurance Business Management (IBM), nurturing individuals into global leaders. BIMTECH proudly holds the 48th position in the Management Category in NIRF-National Institutional Ranking Framework 2023 and secures the 17th rank among the top private B-Schools in India, as per Business Today-MDRA Best B-Schools Ranking 2023. Also, BIMTECH IS NOW AACSB ACCREDITED, joining the IVY League of Top Globally Recognized B-Schools. Fostering a symbiotic relationship, the institute excels in management education, supported by its globally placed robust alumni network of over 7000 individuals.
8, May 2024
Get Ready for Some Mother’s Day Magic at Skyview by Empyrean
Mumbai: May 08, 2024 – When it comes to mothers, there is no denying that children will go to any lengths to bring that priceless smile to their faces. This Mother’s Day, you can be assured that by treating your mom to a holiday at just one destination—Skyview by Empyrean in Sanget-Patnitop, Jammu—you will see her become a child again, indulging in some of the most fun and exciting activities! This premium mountain harbour blends adventure and luxury, offering guests a variety of unforgettable experiences. So, no matter what kind of person your mother is—a hard-core foodie, a sporty adventurer at heart, a chill queen, or a shopaholic—you’ll find something here that is sure to catch her fancy!
For The Moms Who Love Orbiting in The Food Universe
For mothers who’ve been constantly on their feet whipping up your favourite dishes with a sprinkle of love, this Mother’s Day is the perfect time to return the warmth and pamper her with some of the most memorable dining experiences. At the property’s Banana Leaf restaurant, which offers a wide range of authentic global and local cuisines, treat her to her most favourite Chinese, continental, or Indian dishes. Indulge her sweet tooth by savouring the to-die-for decadent desserts that will leave you with the perfect aftertaste. Try out the Skyview Café’s famous sizzlers while taking in some of the most breathtaking views of the Jammu valley. For Moms who want to just chill in their cozy room with a nice movie, room service is just a phone call away.
For The Sporty, Fit and Adventurous Mother
There is nothing to make a sporty, active mom happier than to take her on a holiday where adventure meets luxury! At this property, you become a part of the great outdoors, whether through the panoramic views of the majestic Pir Panjal range from your rooms or the scenic, mesmerising gondola ride that takes you up to the quaint hill station of Patnitop. Sharing other activities like Asia’s longest zigzag zipline, the magic carpet, tubing sledge, nature walks, curated trekking and camping itineraries, ATVs and biking trails will not only deepen your bond with her but also ensure you have a newfound respect for her for being such a sport!
For The Gleeful, Shopaholic Mother
If your mother is someone who loves to shop and makes window shopping look like serious business, the in-house ‘Hands of Gold’ store will just make her day! This store houses an exotic range of authentic, local products like paper-mache, leather bags, pashmina woollen stoles and shawls, Kashmiri saffron, shilajit, Kashmiri aari and sozni embroidered motifs, Kashmiri tilla embroidery in golden, raw, and flavoured honey, premix kahwa, and much more! These organic, handmade products are sourced locally from the region and are absolute marvels of craftsmanship. Gift her something special from the store in memory of the fabulous trip you both shared.
For The Mom Who Just Wants to Chill
We all know what overworked, overstressed, and underappreciated moms look and sound like! So, take this opportunity to allow her to take a break from the mundane madness of daily living and let her just unwind and soak in the laid-back charm of Skyview by Empyrean. Here, guests are treated to the region’s rich heritage and culture across the property. Let your mother sip her cup of tea against the backdrop of panoramic mountain views in warm and cozy interiors with unique dome-shaped roofs and elegant woodwork that reflect luxury and comfort. The property offers aesthetically designed rooms and suites with views of the mountain range and the gondola.
So, show your mother how much she means to you by planning this magical trip, and get ready to treat her to a holiday at Skyview by Empyrean that she’ll never forget!
8, May 2024
A Red Circle Opens Healthy Community Market
Nonprofit launches its seasonal pay-what-you-can monthly farmers market for fifth consecutive year.
(St. Louis, Mo., May 8, 2024) A Red Circle will host its first Healthy Community Market of the season on Sat., May 25 from 8 a.m. to noon. The monthly pay-what-you-can farmers market – open May through Oct. on the last Sat. of each month – is held at A Red Circle’s Healthy Flavor Community Garden located at 351 Chambers Rd. in Riverview.
Founded in 2019, the Healthy Flavor Community Garden was created to provide North St. Louis County residents with access to fresh vegetables and fruits from local farmers and growers. Residents are welcome to shop for fresh produce regardless of their ability to pay, and donations are accepted. The Market also offers an opportunity for local artisans and entrepreneurs to showcase and sell their products to the public.
Each month’s farmers market includes recipe demonstrations and taste testing based on seasonally available produce. The Market not only increases access to the freshest locally grown produce, but also provides additional opportunities to increase customer nutrition knowledge and engage in fun fitness activities.
“Our Market allows everyone access to fresh produce regardless of their ability to pay,” said A Red Circle’s Founder and Executive Director Erica Williams. “This initiative encourages health and wellbeing for our entire community through improved fresh food access and resources.”
Founded in 2017, A Red Circle is a nonprofit dedicated to the advancement of racial equity in North St. Louis County, Mo. The organization creates economic and community betterment solutions through education, employment, and empowerment. A Red Circle has four Missouri locations – Healthy Flavor Community Garden in Riverview, North County Agricultural Education Center in Pine Lawn, The Creative Spot in Ferguson, and North County Community Nexus in Bellefontaine Neighbors – to best serve the community and improve wellness opportunities for its citizens who experience healthy food access disparities in the region.
8, May 2024
GreenCell Mobility secures INR 3 Billion Green Financing from Sumitomo Mitsui Banking Corporation
Hyderabad/Mumbai, 8th May 2024: GreenCell Mobility, a pioneer in Electric Mass Mobility sector, has secured Green Financing from leading Japanese financial institution Sumitomo Mitsui Banking Corporation (SMBC) for its transformative Electric Bus project in Uttar Pradesh. This transaction not only marks the 1st Project Finance by a Japanese bank in the Electric Mobility domain in India but is also SMBC’s 1st Project Finance transaction in E-Mobility in Asia Pacific.
According to the terms of the agreement, SMBC has extended a long-term Project Finance facility to GreenCell Mobility for its 350 Electric Buses project in Uttar Pradesh. This INR 3.07 billion Project Finance facility represents a pivotal step in both low carbon transportation and financial innovation in India. The project is expected to reduce approximately 2.35 lakh tonnes of gross CO2 emissions over its contract lifespan, by facilitating the deployment of 9 metres fully built pure AC Electric Buses across 8 cities in Uttar Pradesh.
Devndra Chawla, MD & CEO of GreenCell Mobility, commented, “Our historic partnership with Sumitomo Mitsui Banking Corporation demonstrates GreenCell Mobility’s unwavering dedication towards sustainable mass mobility. The Green Financing is a significant milestone to step up our efforts towards transforming India’s electric transportation landscape. GreenCell Mobility has become the first Indian company to secure Green Financing from global banks Standard Chartered and Sumitomo Mitsui Banking Corporation.”
The Project Finance facility will help with the procurement, operation, and maintenance of electric buses under the FAME II Scheme, which is administered by the Uttar Pradesh government’s Directorate of Urban Transport. Operating under a 10-year concession agreement, the project guarantees a fixed per-kilometer fee, mitigating traffic risk and ensuring a consistent revenue stream similar to an annuity.
Tomofumi Watanabe and Luca Tonello, co-General Managers of Structured Finance Asia Pacific at Sumitomo Mitsui Banking Corporation, stated, “We are proud to facilitate this groundbreaking financing deal with GreenCell Mobility, further reinforcing our commitment to advancing sustainable initiatives in India and the Asia Pacific region. By aligning the transaction with the Green Loan Principles, we are setting new benchmarks for responsible financing and environmental stewardship.”
Commenting on the transaction, Mr. Hiroyuki Mesaki, Country Head of SMBC India, stated “We are excited to initiate our journey into India’s e-mobility sector through our collaboration with GreenCell Mobility. This transaction exemplifies our dedication to fostering sustainable practices and underscores our commitment to supporting innovative projects that drive positive environmental impact. By leveraging our financial expertise and global network, we aim to help the transition towards cleaner transportation solutions, paving the way for a more sustainable future”
