11, Oct 2023
Elektrobit’s unique Theming Engine provides in-car customization for software-defined vehicles
India, October 11, 2023 – Elektrobit today announced the Theming Engine, featuring innovative, new, software capable of fully customizing a vehicle’s user interface at any point during the life of the vehicle—without the need for a software engineer. Elektrobit’s Theming Engine allows automotive OEMs, fleet managers, rental car operators, and shared mobility service providers to personalize the look and feel of a vehicle “on the fly”, providing opportunities for revenue generation, improved customer satisfaction, and enhanced brand loyalty beyond a vehicle—or fleet’s—point of purchase.
Customization and branding have never been more important to the auto industry. According to McKinsey, companies that excel in such features typically generate 40% more revenue — and, across industries, those that achieve top-quartile performance in customization can generate more than $1 trillion in new value.
The Elektrobit Theming Engine provides easy-to-use design templates and configurations, based on the Android platform, that enable cockpit design teams to produce and apply bespoke interfaces rapidly. The Theming Engine decouples UI design from software development so creative designers can modify the look and feel of an interface at any point within the life of a vehicle. This makes it easy for them to create and deploy a variety of themes including brand- or model-specific imagery, text types, and color schemes; updates for seasons, holidays, time of day, and anniversaries, geographic positioning such as current location or destination location; and much more.
The Theming Engine enables OEMs to:
• Create dynamic theming for car brands, and models, across regions or specific demographics. Design teams can easily create themes, whether brand-focused or consumer-driven, to communicate an aesthetic and generate a unique user experience. The Theming Engine makes it fast and easy to roll out themes across brands, car models, regions, or across different consumer demographics.
• Foster customer identification. Providing end customers with the opportunity to express their own individuality by customizing their cockpit with their own themes, thus enhancing customer identification and satisfaction.
• Build custom triggers for theme changes. The design team can define triggers that enact theme changes in a time-phased approach, based on user inputs or spurred by new corporate branding. New theming can be pushed over the air or accessed on demand via these triggers.
• Support flexible theming. The Theming Engine can be used to define different variants that can be quickly developed and deployed — while old variants can be eliminated — to address the needs of today’s demanding consumers and fast-changing market conditions. Sweeping changes can be made across a given cockpit environment with minimal effort.
• Accelerate and streamline A/B testing. Testing color calibration, contrast, and other theming characteristics can be time-consuming and resource-intensive. The Theming Engine speeds up and streamlines this process. Colors, icons, fonts, and other elements can be quickly changed and previewed via an iterative process until just the right look and feel are achieved directly in the life cockpit.
• Address regional and local differences. Today’s automotive markets are truly global in nature. The Theming Engine makes it easy to change UI characteristics, including measuring units, type, and icons, to accommodate different local languages and other user characteristics that vary across markets.
“Once upon a time, aftermarket customization meant shiny wheels, loud decals, and in-vehicle accessories like gearshift sleeves. The digitally-aware consumer wants a car that meets their ever-changing needs, including advanced interior features such as curved glass displays, voice controls, and user-specific interfaces with distinct theming,” according to Siegfried Dirr, VP of Engineering Services and Technologies, Elektrobit. “Our Theming Engine offers a glimpse at the future of customization, addressing the demands of digitally-focused customers for more bespoke features, adding branding and new revenue opportunities for OEMs beyond a vehicle’s point of purchase.”
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- By Rabindra
11, Oct 2023
Sony AATH Celebrates Mahalaya with Mahalayar Mahautsab
Kolkata, 11th October 2023:Sony AATH, one of the most loved Bengali general entertainment channels, is all set to celebrate Mahalaya by bringing in a special surprise for its viewers. The channel aims to keep the festive fervour alive with a day-long programming line-up curated with content dedicated to the glory of the mighty Maa Durga. Titled ‘Mahalayar Mahautsab’, the property will air on Sony AATH on October 14, 2023.
Mahalaya, a significant day in the Bengali calendar, marks the beginning of Devi Paksha and is celebrated with great enthusiasm. Recognizing the cultural importance of this occasion, Sony AATH has curated a day-long special segment ‘Mahalayar Mahautsab’ from 05:00 AM till 05:00 PM. It starts with Debir Dashrup at 05:00 AM sharing details about Adishakiti’s 10 forms and the story associated with each roop. The episode portrays that when evil forces oppress the good, the Goddess appears in various forms to destroy them. It is followed by Atho Sati Parbati Katha starting 09:00 AM depicting the story of Sati’s marriage with Lord Shiva and her birth as Goddess Parvati. The viewers will see how Goddess Parvati, like Sati, won Lord Shiva over by her penance and got married to him. At 10:00 AM, Gopaler Mahalaya will screen a special episode around the Durga Puja festival and Mahalaya. Shaktirupini Durga at 01:00 PM will take viewers through the legend that showcases Goddess Durga combating demonic forces that threaten peace, prosperity, and dharma to reinstate the power of good over evil. The line-up ends with Asurnashini Maa at 02:00 PM, depicting the story of Goddess Parvati becoming Goddess Katyayani and killing Mahishasura to become Mahishasuramardini, the destroyer mother of demons.
11, Oct 2023
Sreeram Reddy Vanga, steps in as the CEO for Kofluence, to Spearhead Strategic Growth
Bengaluru, 11 October 2023: Kofluence is delighted to announce the appointment of Sreeram Reddy Vanga, the co-founder of Kofluence as the company’s Chief Executive Officer (CEO).
Sreeram brings a wealth of industry knowledge and proven track record to his new role. As a co-founder Sreeram has been instrumental in the Kofluence’s rapid growth and development by spearheading various efforts such as fundraising and securing key resources and partnerships to fuel the company’s growth journey. He has shown tremendous commitment, passion, and a strategic vision.
Commenting on his new role, Sreeram Reddy Vanga, Co-founder and CEO, of Kofluence, said,
“This is my third business venture in my career that has lasted for over two decades. Building on the lessons and successes of my previous ventures, I’m particularly excited this time to take Kofluence to the next level in influencer marketing. With our platform at the forefront, we aim to create a user-friendly technology platform that goes beyond typical brand partnerships, opening up new possibilities for both brands and social media creators by harnessing the power of social influence.’
Sreeram has been a serial entrepreneur for the past 20 years and has built and sold CozyGames to Entain PLC in the UK (LON: ENT) and OpenPlay to Nazara in India (NSE: NAZARA). Sreeram was also part of the early founding team of PartyGaming that listed on the London Stock Exchange in 2005 for £4.64 billion. Sreeram brings in his experience of building large-scale organizations throughout his career and believes strongly in the creator economy and its potential to deliver exceptional results for brands.
Drawing from his expertise, Sreeram will steer the company forward, forging new partnerships, expanding global reach, and implementing innovative strategies.
Welcoming Sreeram as Co-founder and CEO, Ritesh Ujjwal (Co-founder) said:
“I’m glad to have Sree lead our entire team at Kofluence as we work towards expanding the rocketship towards entire value chain of Creators’ ecosystem. Drawing from his multiple stints of successfully scaling organizations across three continents, we’re confident of expanding the horizons for Kofluence”.
11, Oct 2023
Pacific Group Expands Footprint in Delhi-NCR with largest mall in Faridabad
National, 11 October – Pacific Group, a renowned name in the retail industry, is thrilled to announce the grand opening of “The Mall of Faridabad”, entering the Faridabad market for the first time. As the largest shopping destination in Faridabad, this mall promises to redefine the shopping experience and elevate it to new heights, with a prolific retail portfolio, as well as multiple F&B and entertainment options. Covering an expansive 4 Lac sq. ft. of retail space, “The Mall of Faridabad” boasts a staggering 91 entrances, offering unparalleled convenience to shoppers. With 87 diverse outlets, this shopping haven is set to become the ultimate destination.
Abhishek Bansal, Executive Director of Pacific Group, expressed his excitement, stating, “We are proud to introduce ‘The Mall of Faridabad,’ which is a testament to our commitment to offering top-notch retail experiences. Faridabad is an upcoming part of the Delhi-NCR region with an evolving consumer profile. With a wide array of renowned brands and a focus on convenience, this mall is set to become a go-to destination for shoppers in Faridabad.”
Some of the leading brands that have found their home at “The Mall of Faridabad” include Lifestyle, Homecentre, Deerika Hypermarket, Max, Zudio, and Da Milano. These esteemed brands, alongside many others, will provide an exceptional shopping experience for visitors. Brands like GAP, Nykaa Luxe, and Apple are being brought to Faridabad for the very first time at the mall. The F&B portfolio boasts well-known names like Café Delhi Heights, United Coffee House, and Punjab Grill among others. It is also distinguished with a multiplex and a food court for the ultimate destination and shopping experience. Timezone, an entertainment centre for families, will be the first of its kind in Faridabad.
With an upcoming project in Dehradun, the Pacific Group also has significant new launches planned.
11, Oct 2023
Honeywell to Realign Portfolio to Three Powerful Megatrends: Automation, Future of Aviation, and Energy Transition
Mumbai, October 11, 2023 – Honeywell (NASDAQ: HON) today announced plans to realign its business segments to three compelling megatrends: automation, the future of aviation, and energy transition. This shift within the company’s segments will enable Honeywell to deliver accelerated organic sales growth and inorganic capital deployment, creating greater value for shareholders. The new segmentation will take effect beginning first quarter 2024.
“We are committed to delivering differentiated, profitable growth,” said Honeywell Chief Executive Officer Vimal Kapur. “After a complete review of our portfolio, we plan to organize our businesses around three powerful megatrends, each of which is underpinned by our robust digitalization capabilities and solutions. This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook, leverage our financial strength, and unlock greater value through our Accelerator operating system.
“As we enter the next phase of transformation, this realignment will enable us to consistently deliver our upgraded financial algorithm, drive innovation that will help solve the world’s toughest sustainability and digitalization challenges, and deploy capital more effectively.”
Aligning Our Segments with Three Compelling Megatrends
The updated reporting structure will include four segments, underpinned by the company’s world-class Accelerator operating system and Honeywell Connected Enterprise integrated software platform, enabling Honeywell to better serve its customers and positioning us to outperform in any environment.
• Aerospace Technologies (AT): Used in virtually every commercial and defense aircraft platform worldwide, Honeywell aerospace products will continue to lead the future of air travel, including driving advanced air mobility and greater sustainability with the electrification of aircraft.
• Industrial Automation (IA): With a deep history in industrial automation that spans more than five decades, Honeywell enables process industry operations, creates world-class sensor technologies, automates supply chains, makes warehouses smarter, and improves worker safety. This combination will build on our core strengths in controls and automation technologies, deliver better commercial outcomes for our customers, and enhance our growth.
• Building Automation (BA): Through hardware, software, sensors, and analytics, Honeywell helps customers convert buildings into integrated, safe, and more sustainable assets. With solutions and services used in more than 10 million buildings worldwide, Building Automation will continue to strengthen Honeywell’s position in attractive end markets like hospitals, airports, education, and data centers.
• Energy and Sustainability Solutions (ESS): With a decades-long focus on sustainability, Honeywell enables the energy evolution, improves resiliency and efficiency, reduces emissions, and facilitates the circular economy. Honeywell’s expertise in this area will continue helping solve the world’s toughest challenges across our end markets.
New Leaders Appointed for New Business Groups
Effective January 1, 2024, Lucian Boldea will serve as president and CEO of the Industrial Automation segment, and Ken West will serve as president and CEO of the Energy and Sustainability Solutions segment. Both Boldea and West will report to Kapur and serve as company officers.
Billal Hammoud will remain President and CEO of the renamed Building Automation segment, and Jim Currier will remain President and CEO of the renamed Aerospace Technologies segment. Kevin Dehoff will remain President and CEO of Honeywell Connected Enterprise.
“Our strategic business group leaders are well-positioned to lead Honeywell in both organic and inorganic growth,” Kapur noted. “They have demonstrated a deep understanding of our customers and end markets and are capable of delivering strong results across our industries. Their combined experience and drive to create value for customers and shareowners position Honeywell well for the future.”
Third Quarter and Full Year Update
Honeywell anticipates strong third-quarter results in line with previously issued guidance ranges for sales and segment margin, led by strong results in its Aerospace and Performance Materials and Technologies business groups. Earnings per share are expected to be within or above the previously issued guidance range, and full-year results are expected to be within the previously-issued guidance range. The company will hold its quarterly earnings announcement on Thursday, October 26, at 8:30 a.m. EDT.
11, Oct 2023
Large & Midcap category can drive stability and growth to your portfolio
Bangalore, October 11, 2023: Today’s investor has various Mutual Fund (MF) schemes in which he or she can invest in. The decision to invest in any MF scheme is based usually on the risk profile and on the individual’s financial goals.
SEBI has made several categorizations of equity mutual funds for the benefit of the investors for e.g. Large cap category, Mid-cap category, Small-cap category etc. Large & mid-cap category is fast emerging as a preferred option for those long term investors who want to grow their capital at steady pace albeit conservatively i.e. with stability.
What is a Large & mid-cap Category?
A Large & mid-cap category invests in both the large cap stocks and the mid-cap stocks. The top 250 stocks by market capitalization will be considered under this category for investment purpose. As per the mandate the fund manager is required to invest minimum 35% each in large cap and midcaps.
Why Invest in the Large & mid-cap category?
According to Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, “Tata Large & Mid Cap Fund aims at proactively taking advantage of Potential Capital appreciation opportunities arising from large and midcap segment of the market. Positioned as a ‘stock picker’s delight’, the large & midcap fund undertakes rigorous research to identify opportunities in equity markets. The opportunities could be found in turnaround companies or in companies where the fundamentals are improving etc.
It invests in large and midcap stocks wherever the fund manager spots an opportunity. It is hence very actively managed and dynamic in nature, although stock picking is based on a sound bottom-up approach using Growth at Reasonable Price (GARP) investment philosophy. The GARP approach allows us to bet on high quality shares and at the same time ensures that the quality shares are bought at reasonable price. This approach seeks to combine the best facets of growth and value investing to select individual stocks. The whole idea while adopting GARP investment philosophy is to identify companies that are expected to deliver above-average revenue and earnings growth that are trading at a reasonable valuation.”
Benefits of investing in Large & Mid-cap category:
· Diversification: The riskiness or volatility may be reduced when you have your investments spread out in large caps and midcaps. This kind of diversification helps the fund manager to deliver higher risk adjusted returns over a long term.
· Stability: With their reliable financials and established presence large cap stocks may bring stability in the portfolio.
· Growth Potential: Mid cap stocks are usually high growth stocks and may offer higher potential returns.
11, Oct 2023
WION announces Mission Sustainability – A pioneering initiative for a sustainable tomorrow
In an interconnected world where challenges are shared, resources are pooled, and wisdom is collective, the journey towards a greener tomorrow through collaborative actions at every level has begun. WION, India’s first and only global news platform, has joined forces with the drivers of change to chart a roadmap for a sustainable and responsible economy, announcing the launch of the ‘Mission Sustainability – No Action, Not An Option!’ initiative. This on-ground event is scheduled to take place on Wednesday, 11th October 2023, in New Delhi, and aims to galvanize global efforts towards a greener future.
WION’s Mission Sustainability will feature strategic conversations with key industry leaders focusing on critical topics such as ‘Sustainable Development Goals (SDGs) and their implementation,’ ‘New-age solutions for a sustainable tomorrow,’ and ‘Corporate Sustainability and Responsible Business Practices – Adopting Inclusive Action’. Additionally, attendees will also witness insightful fireside chats on ‘Sustainable Mobility’ and ‘Sustainability Warriors – the harbingers of change with notable speakers such as Kavinder Khurana, Managing Director of Tesla Power USA; Akash Gupta, Co-founder & CEO, Zypp Electric and moderated by Ankit Awasthi, Head – New Mobility Practice, Automotive Industry Consulting Group, NRI Consulting & Solutions and Swami Prem Parivartan (Peepal Baba) – an Environmentalist & Founder of GiveMe Trees, respectively.
The upcoming Mission Sustainability Conclave is poised to be a landmark event, bringing together thought leaders, policymakers, industry associations, innovation hubs, and climate activists to chart a course towards a sustainable future. It also aims to create awareness and inspire action for the realization of the UN’s Sustainable Development Goals (SDGs).
Speaking about the relevance of Mission Sustainability, Madhu Soman, Chief Business Officer, WION, said “At WION, we recognize that the path to sustainability requires collective effort. WION’s Mission Sustainability is more than an event; it’s a movement. We are empowering individuals, corporations, and the government to present actionable solutions embrace sustainable practices, and work together towards a common goal – a sustainable and responsible future.”
The conclave will be live-streamed from 6 PM onwards across WION’s digital and social platforms, and the highlights will be aired on the WION channel in the subsequent week. WION is the most subscribed news channel on YouTube with nearly 8 Million subscribers.
11, Oct 2023
AMD to Acquire Open-Source AI Software Expert Nod.ai
SANTA CLARA, Calif. — [October 11, 2023] — AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire Nod.ai to expand the company’s open AI software capabilities. The addition of Nod.ai will bring an experienced team that has developed an industry-leading software technology that accelerates the deployment of AI solutions optimized for AMD Instinct™ data center accelerators, Ryzen™ AI processors, EPYC™ processors, Versal™ SoCs and Radeon™ GPUs to AMD. The agreement strongly aligns with the AMD AI growth strategy centered on an open software ecosystem that lowers the barriers of entry for customers through developer tools, libraries, and models.
“The acquisition of Nod.ai is expected to significantly enhance our ability to provide AI customers with open software that allows them to easily deploy highly performant AI models tuned for AMD hardware,” said Vamsi Boppana, senior vice president, Artificial Intelligence Group at AMD. “The addition of the talented Nod.ai team accelerates our ability to advance open-source compiler technology and enable portable, high-performance AI solutions across the AMD product portfolio. Nod.ai’s technologies are already widely deployed in the cloud, at the edge, and across a broad range of endpoint devices today.”
“At Nod.ai, we are a team of engineers focused on problem-solving — quickly – and moving at pace in an industry of constant change to develop solutions for the next set of problems,” said Anush Elangovan, co-founder and CEO, of Nod.ai. “Our journey as a company has cemented our role as the primary maintainer and major contributor to some of the world’s most important AI repositories, including SHARK, Torch-MLIR and OpenXLA/IREE code generation technology.
By joining forces with AMD, we will bring this expertise to a broader range of customers on a global scale.”
Nod.ai delivers optimized AI solutions to top hyperscalers, enterprises and startups. The compiler-based automation software capabilities of Nod.ai’s SHARK software reduce the need for manual optimization and the time required to deploy highly performant AI models to run across a broad portfolio of data center, edge and client platforms powered by AMD CDNA™, XDNA™, RDNA™ and “Zen” architectures.
11, Oct 2023
Costa Coffee Continues to Brew Success; Celebrates the opening of its 150th Store in New Delhi
National, October 11, 2023: Costa Coffee, Coca-Cola’s leading coffee brand in the commercial beverage categories in India, is thrilled to announce the opening of its 150th store in India, in Rajouri Garden, New Delhi. This achievement is a testament to Costa Coffee’s unwavering commitment to expanding its presence and delivering exceptional coffee experiences to enthusiasts across the nation.
Costa Coffee entered the Indian market in 2005 opening its inaugural café in Connaught Place, New Delhi, the beginning of its journey in India. Last year, in collaboration with Devyani International, Costa Coffee embarked on a significant expansion journey in India, adding approximately 60 stores. Building on this momentum, Costa Coffee aims to strengthen its presence in both existing markets and new cities across the country, with an ongoing goal to open new stores across the top 8-10 Indian cities. Tapping into specialized channels at airports, highways, and healthcare remains a priority.
India’s coffee industry is experiencing a captivating shift towards specialty coffee and premiumization, notably among urban millennials who have turned coffee shops into lively communal hubs. This transformation is particularly striking in a country known for its tea culture. Costa Coffee is at the forefront of this evolution, aligning with changing consumer preferences and fostering this dynamic coffee culture.
The 150th Costa Coffee store reflects Costa Coffee’s commitment to serving handcrafted and locally sourced coffee. Designed in line with Costa Coffee’s artistic and innovative design language, the store aims to provide a comfortable and vibrant space for coffee lovers to indulge in their favourite brews.
Vinay Nair, General Manager, India & Emerging Markets, Costa Coffee, expressed his excitement about reaching this significant milestone, saying, “India is a key market for us globally and we are proud to commemorate the opening of our 150th store. This milestone truly highlights the overwhelming love and support we have received from coffee enthusiasts across India. Our aim is to extend our presence to every corner of the nation, and we remain committed to achieving this vision through our continuous expansion efforts, ensuring remarkable coffee experiences for all.”
Costa Coffee’s extensive menu boasts a range of signature coffee offerings, including the beloved Flat White, Classic Corto, Café Caramela, and many more, all carefully handcrafted from locally sourced coffee beans. By collaborating with local farmers and skilled baristas, Costa Coffee ensures that each cup is a testament to the quality and excellence it represents.
11, Oct 2023
IEEMA organises Connect North East
October 11, 2023, Guwahati: The Indian Electrical & Electronics Manufacturers’ Association (IEEMA), the apex association of the Indian electrical equipment manufacturing industry today organized “Connect North East” to foster collaboration and drive innovation for the Electrical Industry in the North East.
IEEMA organized this exclusive Buyer-Seller Meet on 10th October 23 in Guwahati. This pioneering event registered 250+ buyer-seller meetings from industry players and stakeholders from across the North East. Buyers from utilities and non-utilities like oil refineries, irrigation, PWD, smart city, railways, urban infrastructure, EPCs, etc. The event will be a catalyst for transformative partnerships and strategic alliances within the sector.
To tap the unexplored opportunities in East & North East India, senior officials were invited from noteworthy sectors like Utilities, Railways, Defence, Oil and Gas, PWD Depts, Agriculture Dept, Smart City Authority, and other organizations from the entire North East India.
Mr. Devesh Goel, Chairman of Eastern Region, IEEMA inaugurated the event and welcomed this initiative of IEEMA. Mr. Goel remarked that IEEMA is a prominent facilitator of industry networking, “The Buyer-Seller Meet aims to create a dynamic platform where key players from the Electrical Industry, Utilities, and Non-Utilities can engage in meaningful dialogues, explore synergies, and forge mutually beneficial relationships”.
Event Highlights:
Attendees had the unique opportunity to connect with leading professionals, key decision-makers, and potential collaborators from diverse sectors. The event was structured to facilitate meaningful interactions that go beyond traditional boundaries.
Cutting-edge technologies, products, and services from the Electrical Industry, offer the buyers a firsthand look at the latest advancements pertaining to the industry. This provides a fertile ground for stakeholders from Utilities and Non-Utilities to explore solutions that can enhance efficiency and sustainability in their operations and promote the growth of the Indian power sector.
Tailored matchmaking sessions were organized to facilitate one-on-one discussions between potential buyers and sellers. These personalized meetings aimed to spark collaborations and business transactions that align with the unique needs and goals of each participant company.
Focus On North East
IEEMA has been working on several initiatives focused on promoting the electricity and electronics industry in the North East. Connect North East, E3 – Energize Empower East and Bengal Power Conclave are some of the marquee initiatives that have been initiated to help leverage opportunities for the industry and promote growth of the sector in the North East. IEEMA is also launching the 4th edition of E3 – Energize Empower East on 7th – 9th February 2024 to build engagement of the industry and stakeholders to drive development in North East.
