13, Jan 2024
Honeywell And NXP Semiconductors Collaborate To Help Enhance Building Energy Management
New Delhi, India, January 13th, 2024: Honeywell (NASDAQ: HON) and NXP® Semiconductors N.V. (NASDAQ: NXPI) announced at CES 2024 that they have signed a Memorandum of Understanding (MOU) to help optimize the way commercial buildings sense and securely control energy consumption.
According to the International Energy Agency (IEA), buildings’ operations contribute to 30% of global final energy consumption and 26% of global energy-related emissions, so decisions made today will significantly impact future energy use and potential savings. Today’s smart energy solutions increasingly leverage machine learning and data analytics to enhance buildings’ autonomy and energy efficiency.
The collaboration aims to help make buildings operate more intelligently by integrating NXP Semiconductors’ neural network-enabled, industrial-grade applications processors into Honeywell’s building management systems (BMS). The MOU will initially focus on the Honeywell Optimizer Suite, which offers a flexible, more future-proofed building control and automation platform.
More broadly, the efforts aim to deliver smart energy solutions powered by AI/machine learning and data analytics to enhance building autonomy, driving energy efficiency while guiding service technicians. The goal is to fully leverage NXP’s neural network-enabled i.MX chipset capabilities to further enhance Honeywell’s BMS product offerings.
“Buildings are increasingly relying on data and the ability to control operations via automation to make them more sustainable while operating more efficiently,” said Suresh Venkatarayalu, Honeywell’s chief technology officer. “NXP’s latest machine learning solutions will help us deliver excellence in building automation for our customers.”
“It has never been more important to increase the sustainability and comfort of smart buildings,” said Lars Reger, NXP Semiconductors’ chief technology officer. “NXP’s advanced portfolio of securely connected processing solutions are supported by easy-to-use tools for rapid AI model development and service platform for provisioning and managing IoT devices throughout the long building management lifecycle. This capability, combined with Honeywell’s expertise as one of the leading building management solution providers, marks an important milestone in our shared vision to enable a smarter, more connected world for all.”
Honeywell will build on NXP’s scalable semiconductor and software solutions, such as the i.MX 8M applications processors and i.MX RT crossover microcontrollers, to help securely observe, learn and adapt in real time, enhancing analytics and decision-making in the same on-site BMS equipment that manages critical building systems. Augmented by cloud-based big data analytics through the Honeywell Forge analytics solutions, buildings can increasingly leverage better foresight and insight for energy usage optimization to enable improved sustainability outcomes.
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- By Rabindra
13, Jan 2024
Elevating Wellness Goals: Inside Amal Tamara’s Vachana ’24 Program
To kickstart your wellness journey is 2024, Amal Tamara’s Renewal Programme, Vachana ’24, stands as a testament to the commitment toward holistic well-being. This initiative understands that wellness isn’t a fleeting resolution but a continuous journey. It seeks to empower Amal Yatris, guiding them to manifest their health aspirations throughout the year. Immersing oneself in this programme means stepping into a realm where Ayurvedic wisdom converges with modern wellness practices. It encompasses:
● Personalized Ayurvedic therapies
● Thoughtfully curated meal plans, every element is designed to invigorate and rejuvenate.
● Daily sessions of meditation and yoga serve as anchors, nurturing both the physical and mental dimensions of wellness.
The goal isn’t just superficial change; it’s about a deeper transformation, where vitality and balance are restored. It recognizes the intimate connection between body and mind, offering a holistic detoxification that permeates through every facet of one’s being.
At Amal Tamara, the emphasis isn’t solely on short-term gains but on fostering sustainable, long-lasting wellness habits. Vachana ’24 isn’t just a program—it’s a commitment to one’s own well-being, a journey that promises to breathe vitality into every step taken throughout the year.
13, Jan 2024
Embrace Madurai’s Spiritual Aura with The Tamara Kodai’s Exclusive Temple Package
Celebrate the essence of Pongal over the long weekend amidst the spiritual serenity of Madurai with The Tamara Kodai’s exclusive temple package. The luxurious suite at The Tamara Kodai ensures an indulgent retreat, setting the scene for an unforgettable stay. Awaken your senses to the tantalizing aroma of a traditional Madurai-style breakfast at La Providence, beckoning you into a day infused with cultural discovery and culinary delights.
● Delve into the sacred ambiance of the Madurai Meenakshi Temple with a VIP darshan, curated for an exclusive and tranquil experience.
● Relish an authentic Madurai breakfast at Meenakshi Bhavan Mess and New College House
● With 15% savings on spa services, dining experiences, beverages, and laundry, your stay becomes an all-encompassing blend of opulence and relaxation.
Immerse yourself in the spiritual tapestry of Madurai while indulging in the unparalleled luxury offered by The Tamara Kodai. Secure your reservation now for a harmonious fusion of tranquility and luxury, commemorating the spirit of Pongal amidst the sanctity of Madurai Meenakshi Temple.
13, Jan 2024
Gd Goenka Group Appoints Gaurav Himkar as Group Ceo, Affirms Growth Plans for 2024
New Delhi, January 13 2024: GD Goenka Group, a broad-based education, skilling, and services conglomerate, announces the appointment of Gaurav Himkar as the Group CEO.
Himkar, a career strategist and P&L leader, brings over 15 years of experience across Automotive and Consumer Product industries. His last role was an 11 year association with the Hero Motors Group where he served as the Chief Strategy Officer and Managing Director for Hero’s European e-bike business HNF Nicolai.
An alumnus of IIM Lucknow and Delhi College of Engineering, Himkar has worked across various geographies including India, Europe, the UK, and East Africa.
Mr. Nipun Goenka, Managing Director of GD Goenka Group, stated: “We welcome Gaurav Himkar as the Group CEO, aiming to enhance operational excellence and P&L accountability across different verticals of the group. This development aligns with our growth aspirations for the decade to come”.
Mr. Goenka also outlined his role in overseeing broader group initiatives. “With delegation of operating responsibilities to the CEO, I will focus on steering the group’s long-term strategy, global and regional partnerships, corporate governance, and overall growth initiatives. Gaurav’s appointment is integral to achieving our goals and reinforcing our position as an industry leader.”
Himkar shared his enthusiasm about joining the GD Goenka Group, stating, “I am honoured to be a part of an organization which has established a legacy of academic excellence for three decades and yet constantly kept reinventing and growing horizontally and vertically to become an integrated Pre-School to PhD ecosystem. I look forward to contributing to the group’s continued success and implementing innovative strategies for sustained growth.”
This strategic appointment underlines the GD Goenka Group’s dedication to fostering leadership excellence and driving sustainable growth across its diverse portfolio.
13, Jan 2024
The Government and national institutions recognise disabled rights and need to provide opportunities in all areas:
Hyderabad, January 123, 20204,Several speakers stressed the need to recognise unique skills among the differently abled and facilitate equal opportunities for them in all areas. Speaking at a seminar organised by Manasa Institute of Child Health and Disability Studies in Kothapet, on the occasion of National Youth Day and Swami Vivekananda’s 161st birth anniversary, they called for the need to provide special facilities to enable the differently abled to excel with their residue skills.
Smt. S. Vijaya Bharati, a Member of, the National Human Rights Commission (NHRC) participating as chief guest said that differently-abled people are very innocent, honest and carry great human qualities. She said that the government and also various national institutions are recognising their rights and need to provide opportunities in all areas.
She said that NHRC has been working in several ways to ensure that the differently abled are not discriminated against in any way and that various mechanisms are available to act against any victimisation. She urged that society in general should treat them with respect and encourage them to cultivate skilful activities in various areas.
Dr Dasari Srinivasulu, former principal secretary of the government, said that the differently abled may be having some physical limitations, but they are not lagging in numerous skills. He said that disability should not be allowed to hamper their life ambitions of achieving new heights in their chosen careers.
He said disabled people used to demonstrate unique skills and suggested ensuring needful psychological support to them. He stressed the need for participatory support for disabled people from various sections of society.
Malka Komaraiah, Pro-Chairman, Delhi Public School, assured to extend possible support to meet the needs of differently-abled people from his group of educational institutions.
Earlier, youth with disabilities presented several cultural activities. Principal L. Lakshmi presented a report of various facilities in their institute for children and youth with disabilities, including physiotherapy, speech therapy, a Neuro-developmental clinic, a special school for children with intellectual disabilities, and a vocational training centre for people with disabilities. A new brochure from the Manasa Institute of Child Health & Disabilities is released on this occasion.
13, Jan 2024
UTI Large Cap Fund
Bengaluru, January 13, 2024: UTI Large Cap Fund is India’s first equity-oriented fund (launched in October 1986) and has a track record of wealth creation of over 38 years.
UTI Large Cap Fund is an open-ended equity scheme which predominantly aims to invest in large cap companies having competitive advantage in their respective fields. It follows an investment style of Growth at Reasonable Price (GARP) for stock picking. This means that, given the underlying growth in earnings of a company, a reasonable price is to be paid to buy that stock in the portfolio.
The Fund aims to invest in companies that are fundamentally strong with controlled borrowings, consistent revenue growth, focus on profitability, higher return on capital than cost of capital and consistent operating cash-flows generation. Such companies may generate free cash flows for future expansion and avoid dilution of existing shares.
Owing to this combined approach of GARP plus Competitive Franchise, UTI Large Cap Fund may invest in companies where,
- The market is underestimating the companies’ ability to sustain growth over the long term or the benefits of pricing power
- The growth trajectory is improving through industry wide phenomena like favourable demand cycle, consolidation, clearances of regulatory hurdles or through company specific factors like cost competitiveness and prudent capacity expansion
- The business is capital intensive but the companies invest prudently and execute efficiently
- The companies having opportunities to reinvest cash flows at high Return on Capital Employed (RoCE)
- The relative valuation within the sector is attractive
- This provides the investors an opportunity to create a long-term wealth by owning a portfolio of quality companies.
UTI Large Cap Fund has a portfolio of leading companies such as HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Axis Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Avenue Supermarts Ltd., Tata Consultancy Services Ltd., Kotak Mahindra Bank Ltd., and Bajaj Finance Ltd. and the top 10 stocks account for about 50% of the portfolio. The Scheme is currently overweight on Consumer Services, Information Technology, Consumer Durables, Automobile and Auto Components and Telecommunication and underweight on FMCG, Oil, Gas & Consumable Fuels, Metals & Mining, Financial Services and Capital Goods as of December 31, 2023.
The Fund has a corpus of over Rs. 12,230 crore as on December 31, 2023. The Fund aims at obtaining capital appreciation / or income distribution over long-term, follows a disciplined approach to invest as stated above and has maintained a stream of annual dividends every year since its inception. UTI Large Cap Fund has distributed a total dividend of more than Rs. 4,300 crore.
The scheme has a lower portfolio churn. UTI Large Cap Fund has generated a return (CAGR) of 15.66% against the return of 14.58% by the benchmark S&P BSE 100 TRI since inception as on December 31, 2023. Furthermore, an investment amount of Rs. 10 lakhs made in the fund at its inception has grown to Rs. 22.52 crores as against Rs. 15.39 crores as per benchmark S&P BSE 100 TRI during the same period, i.e., generating over 225 times returns over the last 38 years.
13, Jan 2024
Proptech Startup AirBrick Projects Aims for $3 Million Sales Order Book by the Conclusion of FY 23-24
New Delhi, 13th January, 2024 – AirBrick, a Tech-driven commercial Design and Build brand in India, is excited to announce its plans for future expansion and growth. With a commitment to seamlessly integrate artificial intelligence into innovative interior fit-out solutions, AirBrick is set to redefine the landscape of commercial interior Design & Build. Currently bootstrapped, AirBrick will soon be actively seeking funds in the market, starting from January to fuel its expansion initiatives and enhance its technological capabilities. The company envisions increasing its presence from the current 16 cities to 25 cities by the end of the fiscal year, solidifying its position as a nationwide leader in the industry.
AirBrick projects a Sales Book of $3 million and plans to diversify its product categories with a focus on design and build. The introduction of tech products, which form the core of the organization, will be executed in a phased manner to ensure a strategic and impactful launch.
Experiencing exponential growth since its inception, AirBrick has achieved a record sales order book of approximately $ 2 million in the last 9 months, underscoring its position as the fastest-growing tech-driven commercial design and build brand in India.
“At AirBrick, our mission is to revolutionize commercial interior design by harnessing the power of artificial intelligence. Our unique approach, integrating AI technologies with skilled design professionals, ensures that our clients receive not only aesthetically pleasing designs but also spaces that are intelligent, adaptive, and conducive to productivity,” said Sanjeev Bhandari, Founder & CEO, AirBrick.
As AirBrick gears up for this transformative phase, the company remains dedicated to pushing boundaries and delivering unparalleled solutions to its clients. The combination of AI expertise and design innovation positions AirBrick as an emerging player in the industry, offering solutions that not only meet but exceed the evolving needs of businesses in today’s dynamic environment.
13, Jan 2024
o9 Solutions Grows Annual Recurring Revenue by 47% in 2023
India, Jan. 13, 2024 – o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, today reported that its annual recurring revenue (ARR) in 2023 grew 47% year-over-year. Q4’23 marks a new record for ARR added in a quarter, and is the 18th consecutive quarter of year-over-year ARR growth for o9. The growth was driven by marquee clients across multiple industries, including retail, consumer electronics, food and beverage, medical devices, and automotive OEMs, which demonstrates the power and flexibility of o9’s AI-driven Digital Brain platform for integrated business planning.
o9 also implemented 70-plus go-lives at numerous well-known brands across sectors, including soft lines, food and beverage, pharmaceutical, consumer electronics, automotive and more, allowing clients across the globe to benefit from the adoption of the Digital Brain platform to drive better planning and decision-making based on AI/ML technologies.
In July 2023, o9’s existing investors, led by General Atlantic’s BeyondNetZero, doubled down on the Company’s growth with an incremental investment that drove its valuation to $3.7- up from $2.7 billion since its previous investment round in January 2022. o9’s worldwide talent pool grew to more than 2,500 in 2023. The Company operates 17 offices worldwide, including new ones in Toronto, Canada, and Shanghai, China. o9 also intends to expand its presence in India with a new center of excellence (COE) in Hyderabad to develop world-class supply chain talent.
In addition to hosting its annual aim10x Global digital event, 2023 marked the year that o9 Solutions introduced a series of aim10x Live conferences in 14 cities with 135-plus speakers and more than 20,000 attendees.
Chakri Gottemukkala, Co-founder and CEO of o9 Solutions, said, “In 2023, o9 Solutions made incredible strides across the business, showcasing our continued commitment towards innovation and excellence. The continued growth and strong year-over-year results are a testament to the unparalleled value generated by the o9 Digital Brain Platform, enabling clients to improve decision-making. Looking forward, the o9 team will continue to focus on client satisfaction and help more companies digitally transform their supply chains.”
Other notable highlights in Q4’23 include:
- o9 Solutions partners with Pandora to transform its integrated planning capabilities
- o9 Solutions partners with Canyon Bicycles to revolutionize its planning capabilities and dynamically adapt to consumer demand
- According to proprietary research from o9 Solutions, consumers’ perceptions of supply chain disruptions are shifting their purchasing behaviors.
- o9 received three best-in-class revenue growth management distinctions in POI’s 2023 Enterprise Planning Vendor Panorama Report
- o9 Solutions was ranked for the fifth consecutive year in the 2023 Deloitte Technology Fast 500™
- o9 signed the AARP employer pledge, recognizing the value of experienced workers.
13, Jan 2024
NGEL Inks MoUs with GSPC and GPPL during Vibrant Gujarat Global Summit
Mumbai, January 13, 2024 : NTPC Green Energy Ltd (NGEL) has executed MoUs with Gujarat State Petroleum Corporation Ltd. (GSPC) and Gujarat Pipavav Port Ltd. (GPPL) during the three-day Vibrant Gujarat Global Summit held at Gandhinagar. The summit was inaugurated by Hon’ble Prime Minister on 10th Jan ’24.
The MoU with GSPC was exchanged between Shri Gurdeep Singh, CMD, NTPC and Shri Milind Torawane, MD, GSPC in the presence of Hon’ble Chief Minister of Gujarat, Hon’ble Mnister of Finance, Energy & Petrochemicals, GoG, Dr V K Saraswat, Member, NITI Aayog and other senior officials and International delegates. The MoU aims for the blending of Green Hydrogen in the gas networks of GSPC and Green Hydrogen mobility by setting up of Green Hydrogen fuelling stations in Gujarat.
Other MoU with GPPL exchanged between GM-Hydrogen, NTPC, and MD of APM Terminals, Pipavav that aims to develop Green Hydrogen ecosystem including production of Green Ammonia at the land provided by GPPL for export and domestic market. It also aims to explore Pipavav Port as an anchor port by NGEL for exploration, development and operations of offshore wind farms in Gujarat.
NGEL is a wholly-owned subsidiary of NTPC and aims to be the flag bearer of NTPC’s Renewable Energy journey with an operational capacity of over 3.4 GW and 26 GW in pipeline including 7 GW under implementation.
GSPC is one of the largest gas trading companies of India, engaged also in exploration, development and production of oil and natural gas.
GPPL is one of the leading private ports of India promoted by A.P. Møller – Mærsk A/S which currently has the handling capacity of 1.35 million TEUs of containers, 4 – 5 million tonnes of dry bulk cargo, 2 million tonnes of liquid cargo and about 250,000 cars per year.
12, Jan 2024
ENGIE and Government of Gujarat join efforts to Drive Decarbonization & Renewable Energy Initiatives
Mumbai, 12 January, 2024
ENGIE signs a MoU with the Government of Gujarat during the 10th edition of Vibrant Gujarat Global Summit 2024 to cooperate on a decarbonization program in the development of a renewable energy infrastructure in Gujarat, marking a significant contribution to Gujarat’s clean energy transition plans.
The MoU outlines exciting collaborative efforts, with a primary focus on renewable energy development. ENGIE, a leading low-carbon energy generation company, commits to a greenfield development of 2.5 GW of renewable energy projects across various locations in Gujarat by 2030, in addition to its ongoing development 400 MW solar project in Surendernagar.
Sharing his positive outlook, Mr. Amit Jain, Country Manager, ENGIE India, conveyed, “This strategic cooperation connotes our firm dedication to advancing sustainable energy solutions. Through this cooperation with the Government of Gujarat, our goal is to play a significant role in advancing the state’s renewable energy sector and thereby making substantial contributions to India’s overarching clean energy objectives.”
Commending the visionary leadership of Shri Bhupendra Patel, the Hon’ble Chief Minister of Gujarat, and highlighting the state’s resolute commitment to renewable energy, CM Patel lauded ENGIE’s notable contributions. Underscoring the importance of green initiatives, CM Patel articulated a forward-looking vision, aiming for a substantial 2.5GW by 2030
This MoU signifies an investment of Rs 17,200 crore along with creating 14,000 new jobs, reflecting ENGIE India’s commitment to contributing to the region’s socio-economic development.
The MoU signing ceremony was graced by Hon’ble Chief Minister of Gujarat along with senior officials from Government of Gujarat and ENGIE Group.
Both ENGIE and the Government of Gujarat view this strategic cooperation as a catalyst for advancing sustainable and clean energy initiatives, aligning perfectly with India’s ambitious goals for the energy transition.
The partnership extends beyond renewables, encompassing collaborative efforts in decarbonization initiatives, risk management capacity building for Gas/LNG trading, and exploring the potential centralization of ENGIE’s treasury activities in India at GIFT City (Gujarat International Finance Tec-City).
