6, Jan 2024
Spirit Aeronautical Systems S.A. and Garuda Aerospace S.A. Forge Strategic Partnership
January 6, 2024; Athens, Greece, and Mumbai, India: In a landmark development within the aerospace industry, Spirit Aeronautical Systems S.A., a leading Greek manufacturer specializing in rotary and fixed-wing weaponized drones, and Garuda Aerospace’s Garuda Aerospace S.A., a prominent Indian manufacturer of drones for civil applications, have entered a strategic partnership through counter-signed contracts of cooperation.
This collaboration is set to redefine the landscape of drone manufacturing and distribution, both in the Indian market and its wider area of influence as well as in Greece / Europe / Africa, but also in service provision, bringing together the unique strengths and expertise of both companies. The core objectives of this partnership include expanding market reach, fostering innovation, and facilitating the exchange of technology, experience, and best practices.
Key Highlights of the Partnership:
Reseller Agreement: The companies have committed to acting as resellers for each other’s products, amplifying their presence in diverse markets. This strategic move is expected to result in a synergistic effect, leveraging the strengths of each company’s product portfolio.
Technology Transfer: Spirit Aeronautical Systems S.A. and Garuda Aerospace S.A. recognize the importance of technological advancement in the rapidly evolving drone industry. Both companies have agreed to actively exchange and transfer cutting-edge technology, facilitating the development of state-of-the-art products that meet the highest standards of quality and performance.
Experience Sharing: With a shared commitment to excellence, both companies will engage in a robust exchange of experiences and best practices. This collaborative approach aims to elevate the overall industry standards by combining the wealth of knowledge accumulated by Spirit Aeronautical Systems S.A. in weaponized drone manufacturing and Garuda Aerospace S.A.’s expertise in civil drone applications.
Quality Assurance: Recognizing the significance of maintaining the highest level of quality in their products, both companies are unwavering in their commitment to delivering superior, reliable, and technologically advanced drones to their customers. This dedication to quality assurance is expected to set new benchmarks within the industry.
Mr. Mike SPYRIDAKOS, CEO at Spirit Aeronautical Systems S.A., stated, “This collaboration marks a significant milestone for Spirit Aeronautical Systems S.A. Our partnership with Garuda Aerospace S.A. not only broadens our market presence but also facilitates the sharing of invaluable knowledge and technology. Together, we aim to lead the industry in innovation and excellence.”
Mr. Bruno ESCOJIDO, Chief Strategy Alliance Officer at Garuda Aerospace S.A., commented, “Garuda Aerospace S.A. is excited to join hands with Spirit Aeronautical Systems S.A. in this strategic partnership. The collaboration reflects our commitment to delivering cutting-edge drone solutions for civil applications. By leveraging the strengths of both companies, we are confident in achieving new heights of success and providing unmatched value to our customers.”
This pioneering collaboration between Spirit Aeronautical Systems S.A. and Garuda Aerospace S.A. exemplifies the spirit of cooperation and shared vision in the aerospace industry as well as the development of strategic synergies between the 2 countries. Both companies are poised to make a significant contribution to the Unmanned Systems market in general and not just drones, driving innovation and setting new standards of excellence.
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- By Rabindra
6, Jan 2024
*Viksit Bharat Sankalp Yatra by Hon’ble Finance Minister Smt. Nirmala Sitharaman in Chennai*
Chennai, 06.01.2024: Hon’ble Finance Minister Smt. Nirmala Sitharaman graced the Viksit Bharat Sankalp Yatra at West Mambalam, Chennai. The gathering, marked by enthusiastic beneficiaries of diverse government-sponsored schemes, witnessed crucial activities such as awareness campaigns, enrollment drives, and disbursements for beneficiaries under schemes including PM SVANidhi for Street Vendors, MUDRA, Standup India, PMFME, PMEGP for MSMEs, PMAY for housing, Aadhaar enrollment, Ujjwala scheme for LPG beneficiaries, and more, amounting to Rs. 34.42 crores distributed to 373 beneficiaries.
During the event, beneficiaries engaged with the Hon’ble Finance Minister, pledging their commitment under Hamara Sankalp Viksit Bharat to propel India into a developed nation by 2047.
Shri Ajay Kumar Shrivastava, MD & CEO of Indian Overseas Bank, joined the event alongside other dignitaries. As the Lead Bank in Chennai, Indian Overseas Bank orchestrated the successful execution of the program. The participation of various Banks, Oil Marketing Companies, and Health Departments contributed to making the event a resounding success.
6, Jan 2024
DiamondXE Introduces DXE LUXE
New Delhi,6th Jan 2024: DiamondXE, the distinguished online diamond trading platform founded by a family of seasoned jewellers, gemologists, and designers with a collective industry experience of over 60 years, proudly introduces DXE LUXE. This exclusive collection sets a new standard for exceptional diamonds, reshaping luxury and elegance.
DXE LUXE stands as a testament to DiamondXE’s unwavering commitment to unmatched quality and luxury. Meticulously curated, this collection features only the most breathtaking Natural & Fancy Colour Diamonds, each surpassing an impressive 10 carats and above. It epitomizes rarity and sophistication, inviting a select group of premium members into a world where brilliance is elevated to an art form.
Ankit Singh Kimtee, Founder & CEO, DiamondXE, expressed, “DXE LUXE represents the culmination of our dedication to unmatched quality and luxury. We invite passionate connoisseurs and collectors to immerse themselves in the unparalleled beauty and rarity found within our meticulously curated collection.” Founder & Chairwoman of DiamondXE, Deepali Vijay Jain, added, “This collection epitomizes magnificence and prestige, setting a new standard in the domain of haute diamonds.”
With DXE LUXE, DiamondXE continues its legacy of excellence by offering an exclusive haven for those seeking the extraordinary. This invite-only segment caters to premium members who appreciate and seek the pinnacle of opulence in every facet of their lives.
5, Jan 2024
Kinetic Green Appoints S. Sundareswaran as Director of Manufacturing & Operations
Pune, January 5, 2024 – Kinetic Green Energy and Power Solutions Limited, a leading manufacturer of electric two and three-wheelers in India, announced the recent appointment of Mr. S. Sundareswaran as the Director of Manufacturing & Operations. With over three decades of experience in the automotive and auto component industries, Mr. Sundareswaran brings a wealth of expertise and a proven track record of success in leading manufacturing, operations and strategic sourcing teams.
In his new role, Mr. Sundareswaran will spearhead the direction and monitoring of plant performance to support the organization’s objectives. His responsibilities will encompass leadership in production, quality assurance, supply chain management and manufacturing engineering activities. Additionally, he will play a pivotal role in ensuring the implementation of manufacturing capacity augmentation strategies and instill advanced processes aligned with business objectives, focusing on price, quality and delivery targets.
Mr. Sundareswaran’s distinguished career includes senior positions at renowned companies such as Ashok Leyland Ltd., Switch Mobility Automotive Ltd. and TAFE Ltd. He holds a Post Graduate degree in Senior Leadership from XLRI, Jamshedpur, a Masters in Science (M.S) from BITS, Pilani, an MBA (Finance) from IGNOU and a B.Tech. from the Indian Institute of Industrial Engineering.
Recognized for his ability to cultivate robust relationships with customers and suppliers, Mr. Sundareswaran has previously headed the successful creation of an electric vehicle plant capable of manufacturing 3000 chassis annually, complete with a 1000 MW Lithium ION battery manufacturing and charging facilities. Notably, he has demonstrated success in launching four new EV products.
Expressing her delight, Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, said, “I am excited to welcome Mr. S. Sundareswaran to Kinetic Green. Sundareswaran is a proven leader with a deep understanding of the manufacturing, quality and sourcing excellence process. We are confident that his expertise and leadership will be instrumental in driving our growth, help create advanced, high quality yet affordable EVs and spur innovation as we continue to expand our EV product portfolio.”
Mr. Sundareswaran also shared his enthusiasm about joining Kinetic Green, stating, “I am thrilled to embark on this exciting journey with Kinetic Green at a pivotal juncture in the company’s growth. Kinetic Green stands as a leader in the electric vehicle industry and I am honoured to take on the role of Director Manufacturing & Operations. My commitment is to lead a team of highly skilled and dedicated professionals towards achieving operational excellence and fostering innovation. Together with the talented team at Kinetic Green, I am confident that we will continue to set new benchmarks in the EV industry, driving not only operational success but also making meaningful strides towards a greener and more sustainable future.”
5, Jan 2024
Indian Immunologicals Limited – Dr. K. Anand Kumar Receives Vocational Excellence Award 2023-24
Hyderabad, 5th January 2023: Dr K Anand Kumar, Managing Director of Indian Immunologicals Limited (IIL) has been conferred with the “Vocational Excellence Award 2023-24” at a grand function organized by the Rotary Club of Pollachi in Tamil Nadu. Mr. Kumar has joined some legendary personalities such as Dr. K. Sivan, ISRO and Dr. M. Annadurai, ISRO, who were the previous recipients of this prestigious award.
Dr. K Anand Kumar has played a crucial role in advancing India’s expertise in producing vaccines and biosimilars, ensuring that critical biologic treatments are more accessible to patients, both within the country and overseas. Dr. Kumar-led IIL has created a “One Health” organization, that championed disease control through affordable and accessible vaccination for both humans and animals.
Engaged in vaccine development in the past thirty years, he has been influential in providing accessibility of affordable animal and human vaccines to 60+ developing nations. He has relentlessly worked towards “Make in India”, safeguarding lives against deadly diseases, advancing research and development efforts.
During the COVID-19 pandemic, Dr. Kumar channeled efforts to repurpose vaccine manufacturing facility in IIL and roll out COVID-19 vaccine drug substance quickly. This has not only helped India’s self-reliant objective, but also earned him praise from the Government of India.
With an aim to be self-sufficient in vaccine production, he has strengthened IIL’s position in the Indian as well as global vaccine market and contributed substantially towards health efforts. Through his advocacy for philanthropic strategies, Dr. Kumar-led IIL has adopted several schools, while supporting their infrastructural needs and providing meals and uniforms to the students.
Indian Immunologicals has provided fortified, flavored milk to 6000+ rural students daily, supported equipment for setting up biogas plant for waste management, and uplifted more than 400+ rural households. The company has established an Oxygen generation plant in Telangana Institute of Medical Science, saving several lives against COVID-19. Dr. Kumar’s vision is to create a healthy and inclusive space along with making Thiruvananthapuram rabies-free.
Speaking on this occasion, Dr K Anand Kumar, Managing Director, Indian Immunologicals Limited said, “It is a great honour to accept this award from the prestigious Rotary Club, recognizing my efforts in the field of vaccines. This will further encourage me to rededicate myself towards a greater role in disease control in the nation”.
Among many other achievements, Rotary Club has always been in the forefront and contributed immensely to the nation towards the control of Polio disease by actively carrying out relentless Pulse Polio campaigns.
Earlier, Dr Anand Kumar received several other awards which includes the prestigious – ‘Best Alumnus Award’ from his alma mater, “Vector Control Research Center, ICMR” and “PSG Sons and Charities”.
5, Jan 2024
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand
Shree Cement Limited, one of India’s largest cement manufacturers, has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand. The new Bangur brand identity is anchored on the idea of Build Smart – a core philosophy capturing the company’s consumer proposition, organizational philosophy, and national ambition.
The Bangur master brand has been unveiled with a new advertising campaign, with noted Bollywood actor Mr Sunny Deol being brought in as the brand endorser.
Speaking on the occasion, Mr Neeraj Akhoury, Managing Director of Shree Cement Ltd, said, “The launch of ‘Bangur’ as the master brand is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position ‘Bangur’ as the company’s umbrella brand, with a refreshed and discernible brand identity. Through this makeover, we aim to connect better with our customers, providing them unique experiences with differentiated products.”
The launch of the new brand identity was announced in a glittering event organized in New Delhi. The event was attended by more than 8,000 participants, including stockists, dealers, retailers and other channel partners. Key highlights of the branding revamp included the launch of:
· A new logo and modern visual identity: Bangur Cement’s updated brand logo symbolizes its evolution with a contemporary design mirroring its forward-thinking approach
· Introduction of a revamped product line: Cutting-edge enhancements have been introduced across the product range, showcasing innovation and advancements addressing the evolving needs of discerning customers
· Launch of Bangur Magna: A premium offering of a superior product with highly differentiated pack appearance
· Launch of the new advertising campaign: The campaign featuring Mr Sunny Deol will be deployed across TV, digital, outdoor, print and retail
· Re-affirmation of sustainable initiatives: A renewed commitment to embracing sustainability and pursuit of eco-friendly practices that align with the company’s responsibility towards the environment
· Digital scale-up: Focusing on influencer programmes with contractors, engineers, masons and dealers
Shree Cement’s revamped brand reflects the company’s commitment to innovation, quality and customer satisfaction. The unveiling of the company’s new brand identity is an articulation of the company’s intent to market and sell all variants of cement, viz. OPC, PPC and PSC, across all its geographical territories under the revamped ‘Bangur’ brand.
5, Jan 2024
M3M Foundation celebrated Late Shri Lal Chand Bansal ji’s birthday
Gurugram, 2023: In a unique New Year celebration, Gurugram witnessed joyous moments as M3M Foundation, in commemoration of Late Shri Lal Chand Bansal Ji’s birthday (Founder of M3M Foundation), extended happiness to the elderly, orphans, and mentally ill individuals. Over 600 people were provided with meals, and warm clothing was distributed at an event held in collaboration with The Earth Savior Foundation at his ashram in Sohna, Gurugram.
This heartfelt initiative, following the distribution of warm clothes to over 12,000 individuals last month, received appreciation from attendees who expressed gratitude to M3M Foundation. Anika Bansal and Piyush Bansal from M3M Group, Dr. Aishwarya Mahajan, President of M3M Foundation, along with members of the Foundation team, were present at the event.
Reflecting on the experience, Anika Bansal shared that spending time with the elderly, orphans, and mentally ill people marked a meaningful start to the new year.
On this occasion, Dr. Payal Kanodia, Chairperson and Trustee of M3M Foundation, expressed, “Though Dada ji is no longer with us, his blessings resonate among us. Finding joy in helping others, especially during challenging times, is truly fulfilling. Today, we take pride in being a pillar of support for those without companionship, the elderly, and those facing mental health challenges. The ‘Share for Care’ initiative, integral to our Duty program, is a significant stride in spreading happiness by aiding those in need.”
The “Share for Care” initiative is part of M3M Foundation’s broader ‘Kartavya’ program, dedicated to alleviating suffering and assisting communities during crises. Originating from the vision of Late Lal Chand Bansal Ji, the initiative has been a consistent effort to spread happiness and support those in need for many years.
5, Jan 2024
Sayaji Hotel Indore Unveiled a Tapestry of Festive Enchantment with Extravagant Celebrations
Indore, January 2024: Sayaji Hotel Indore, a beacon of luxury and hospitality, welcomed the festive season with open arms, hosting a series of enchanting events that brought joy and merriment to its patrons. The hotel’s vibrant atmosphere set the perfect stage for an array of festivities, including a delightful Cake Mixing event, a dazzling Tree Lighting ceremony, and an exhilarating Buggy Ride experience.
The festivities commenced with the much-anticipated Cake Mixing event, where guests and staff came together to partake in the age-old tradition of mixing various ingredients for the upcoming Christmas cakes. Laughter filled the air as everyone present donned the chef’s hats and aprons, creating a colorful medley of fruits, nuts, and spirits, symbolizing the unity and spirit of the holiday season.
As the festive season progressed, the hotel’s façade came to life in a kaleidoscope of colors during the Tree Lighting ceremony. The elegant Christmas tree, meticulously crafted with vibrant Poinsettia Plants adorned with twinkling lights and ornaments, became a beacon of hope, joy and sustainability for guests and Sayaji team alike. The ceremony was a visual spectacle, capturing the magic of the season and spreading warmth and cheer to all in attendance.
Adding a touch of fun and adventure, the Buggy Ride experience took the attendees on a whimsical journey through the city’s enchanting surroundings. The crisp winter air and the rhythmic clip-clop of hooves created a magical ambiance, transporting everyone to a world of wonder as they explored the city in style.
Mr. Ranjan Banerjee, General Manager of Sayaji Hotel Indore, expressed his enthusiasm for the festive celebrations, stating, “The holiday season is a time of joy, togetherness, and creating cherished memories. We, at Sayaji Hotel Indore, are delighted to have been a part of our patrons’ celebrations, offering them an unforgettable experience filled with laughter, love, and warmth. Our festive events were designed to evoke the spirit of the season, and we are grateful to have shared these magical moments with our valued guests.”
Sayaji Hotel Indore remains committed to providing exceptional hospitality and creating memorable experiences for its patrons. As the year draws to a close, the hotel looks forward to continuing to be a destination of choice for discerning travelers seeking luxury, comfort, and unparalleled service.
5, Jan 2024
Turn your space into a personal theatre with BenQ’s Newest GV31 Portable Projector
NEW DELHI, INDIA, January 5: BenQ, India’s No. 1 DLP projector brand in the country, has launched the GV31 portable projector, marking a significant leap in the home entertainment segment for young Indian consumers. This new portable projector is designed for instant access to entertainment, thanks to its ability to project anytime, anywhere. GV31 is equipped with Full HD 1080p resolution (Supports upto 4K), upto 135° projection angle, and integrated Android T.V. with pre-installed Netflix, thus redefining the entertainment experience.
Drawing from years of expertise in DLP projection technology, BenQ’s projectors ensure unparalleled audio-visual quality, leveraging their acclaimed Cinematic Color expertise. Among the new portable line-up, the GV31 stands out with its vibrant colors (98% Rec 709), autofocus, and auto vertical keystone, offering immersive visuals across various spaces, including walls and ceiling.
Keeping the promise of elevating modern lifestyles, GV31 projector is equipped with integrated audio, providing up to 16W (8W*2) 270-degree 2.1-channel sound with extended bass. Additionally, the projector can also function as a wireless speaker. The GV31 boasts a battery life of up to 3 hours for video playback or 6 hours for music.
According to Mr. Rajeev Singh, Managing Director of BenQ India, “The arrival of our GV31 projector marks a step up from the GV30, transforming how Indians indulge in entertainment. BenQ’s commitment to innovative projection technology, integrated Android TV, and high-fidelity audio-visual experience aims to redefine how families and individuals experience and customise their modes of entertainment.”
Key Highlights:
Larger-than-life visuals: The GV31 projector can project a screen upto 120” in FHD (1080P) Resolution. The projector also supports 4K content.
Perfect from any angle: The GV31’s Free Angle Projection allows upto 135 degrees of flexibility, so you can watch your favourite media, even while lying in bed.
Immersive sound: The GV31 comes with a 16W (8W*2) 2.1 channel speakers featuring extra bass. The projector can also do double duty as a Bluetooth speaker.
Android TV integration: The GV31 comes with Android TV built-in and Netflix pre-installed, making sure the projector is ready to be set up right out of the box.
Future-proof: The USB-C port supports data transfer, power deliver, and DisplayPort Alternate Mode, all in a reversible design, making sure you won’t fall behind the times.
Seamless Setup: The GV31 features fast auto focus and automatic vertical keystone correction, making set up quick, seamless and hassle-free.
5, Jan 2024
National Investment and Infrastructure Fund Limited Appoints Mr. Sanjiv Aggarwal
5th January, 2024, Bengaluru: National Investment and Infrastructure Fund Limited (“NIIFL”), a collaborative investment platform for international and Indian investors, anchored by the Government of India, today announced that its Board of Directors has appointed, Mr. Sanjiv Aggarwal as Chief Executive Officer & Managing Director of NIIFL.
The appointment follows a search process, conducted by NIIFL’s Board of Directors.
Mr. Aggarwal has significant experience in the infrastructure and energy sectors. He joined Actis, a leading global investor in sustainable infrastructure, in 2008, where he became a partner in 2010. He has till recently been responsible for Actis’ energy investments in Asia including India. Before joining Actis, Mr. Aggarwal worked with Citigroup and ANZ Investment Bank in the Indian energy and infrastructure sectors.
Reflecting on his appointment, Mr. Aggarwal said, “I am privileged to have the opportunity to guide NIIFL at such an exciting time in the company’s journey with its unique positioning in India and its growth potential. I am committed to building on NIIFL’s strong track record and look forward to working with NIIFL’s talented team to invest in India’s very strong growth story and create value for our stakeholders.”
Mr. Aggarwal’s appointment will be effective in February 2024, and he succeeds Mr. Rajiv Dhar, who has served as interim CEO & MD since May 2023. The Board of Directors of NIIFL extends its gratitude to Mr. Dhar for his exceptional leadership during his interim term. His contributions have been fundamental in maintaining the continuity and success of NIIFL’s operations. Under his leadership, NIIFL made significant strides, launching its first bilateral fund, the India-Japan Fund with the Japan Bank for International Cooperation (JBIC), collaborating with the U.S. government on a multi-billion dollar green transition fund, and paving the strategy for successor funds.
The Board welcomes Mr Aggarwal in his new role and looks forward to steering NIIFL into a new era of innovation and growth.
