Friday, April 19, 2024

IIIT-Bangalore Introduces Post Graduate Diploma In Digital Product Design And Management For 2024-25 Academic Year


International Institute of Information Technology Bangalore (IIIT-Bangalore) announced a new one-year Post-Graduate Diploma programme in Digital Product Design and Management (PGD-DPDM) for the academic year 2024-25. The programme is tailored to equip students with comprehensive skills in digital product design and management, blending engineering and social sciences disciplines.

According to Prof. Debabrata Das, Director, IIIT-Bangalore, "We are excited to introduce the PGD-DPDM programme, building upon IIIT-Bangalore's legacy of delivering interdisciplinary excellence. This initiative aims to nurture a profound understanding of the evolving landscape of digital technologies and their impact on society."

Prof. Amit Prakash, who is currently coordinating PGD-DPDM at IIIT-Bangalore, stated, “PGD-DPDM offers a rigorous curriculum involving theoretical knowledge with practical insights, preparing students for diverse roles in the digital product ecosystem. We believe this programme will empower the next generation of innovators and leaders in digital product design and management.”

The programme, commencing in July 2024, spans 12 months and is designed for full-time on-campus engagement. Candidates with a bachelor's degree from any recognized university, in any discipline, including arts, science, commerce, design, management, law, or engineering, are eligible to apply.

The curriculum encompasses two semesters, featuring core courses such as Data Analysis and Visualization, Information Economics and Product Finance, Innovation and Design Thinking, Software Models and Design Patterns, Software Product Management, User Research and User Experience.

The PGD-DPDM programme at IIIT-Bangalore will provide promising placement avenues in various sectors, including product teams within start-ups, social enterprises, or large corporations focusing on initiatives like Tech4Good to reach the next billion users. Additionally, opportunities may exist in public and social sector consulting teams.

The programme begins with a four-week Programme Orientation in July 2024 focusing on enhancing comprehension, writing, and communication skills, along with readiness for the curriculum's demands and pedagogical approaches.

Emphasis will be placed on digital accessibility tools and techniques, particularly for individuals with disabilities, as well as on fostering inclusivity within teams.

Upon completion of the PG Diploma programme, students are eligible for consideration of direct admissions to the Master of Science (by Research) in the Digital Society research domain at IIIT-Bangalore. Their suitability for admission to Master of Science (by Research) will be ascertained by an internal committee based on performance in the PG Diploma.

In line with IIIT-Bangalore’s commitment to inclusivity, appropriate measures will be taken to ensure required accessibility and accommodations for persons with disability to go through the programme.

Key Dates:

- March 12, 2024: Application portal opens.

- April 30, 2024: Deadline for submitting online applications.

- May 11th/12th, 2024: Online written test and personal interviews; candidates have the option to attend in person at IIIT-Bangalore campus.

- May 20, 2024: First list of selected candidates released.

- May 27, 2024: Confirmation deposit payment due for candidates on the first list.

- May 28, 2024: Second list of selected candidates released, if necessary.

- June 4, 2024: Confirmation deposit payment due for candidates on the second list.

- July 1, 2024: Registrations for the new batch at IIIT-Bangalore begin, and classes commence.

For online application form and comprehensive guidelines, please visit: https://www.iiitb.ac.in/courses/post-graduate-diploma-in-digital-product-design-and-management

About IIIT-Bangalore

IIIT-Bangalore is a premier institute dedicated to undergraduate and postgraduate programs specializing in Computer Science and Engineering (CSE), Electronics and Communication Engineering (ECE), IT for Society, and broader fields of IT and research. Situated in the heart of Electronic City, Bangalore, it holds a prominent position in the academic landscape. IIIT-Bangalore is graded A+ by National Assessment and Accreditation Council (NAAC). In the National Institutional Ranking Framework (NIRF) for 2022, IIIT-B has secured 74th ranking. The institute was ranked number 1 among India's Best Technical Universities (Private) by India Today. IIIT-Bangalore contains state-of-the-art infrastructure, eminently qualified faculty, a vibrant alumni community, cutting-edge research facilities, and close industry collaborations.

The institute’s specially designed courses make the students’ cognizant of the current technologies. Experiential learning and practices followed in the institute equip them with the tools and knowledge to solve contemporary real problems. IIIT-Bangalore has consistently achieved excellent placement records every year since its establishment in 1998, thanks to the unwavering support of the industry and the expanding pool of highly skilled alumni.

For more details, log onto https://www.iiitb.ac.in

MG Motor India Joins Forces With Epsilon Group To Enhance EV Ecosystem In India


* MoU signed with Epsilon Group’s subsidiaries- Power EV for charging solutions and LICO for battery life management

MG Motor India has announced its partnership with the Epsilon Group, reinforcing its commitment to the EV charging infrastructure and ecosystem in India. As part of the strategic collaboration, carmaker signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. The unified framework of this alliance underscores the commitment to developing an efficient charging infrastructure and battery lifecycle management that will underpin MG Motor India's EV stance.

Power EV offers a diverse array of AC and DC Chargers, which accommodates charging speeds from 22kW to 120kW with Power Panel Management Software, that empowers usage of charging stations with unprecedented ease and efficiency. As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG’s EVs, thereby enhancing the end-user experience. Through active involvement in the MG Charge initiative – deploying 1000 charging points in 1000 days within residential communities and apartments across India – Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options. Additionally, this partnership will capitalise on Power EV's expertise to innovate efficient, smart, robust and state-of-art charging technologies tailored for MG Motor India's forthcoming EV models.

LICO contributes to battery circularity through end-of-life battery recycling and refurbishing, to recover critical materials like lithium, cobalt, manganese, and nickel for reuse, fostering sustainability. LICO and MG Motor India will together implement strategies for battery repurposing in line with circular economy, focusing on renewable energy storage and ensuring compliance with end-of-life battery recycling regulations. LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services. Through R&D collaboration, they shall develop a sustainable package to optimise recycling efficiency and repurposing capabilities to derive maximum potential from EV battery recycling. The partnership emphasises the implementation of essential safety standards and traceability in Reverse Logistics for end-of-life battery packs.

Commenting on the partnership, Gaurav Gupta, Chief Growth Officer, MG Motor India, said, “MG Motor India has consistently advocated sustainability ever since it started operations in India, and has driven the development of a robust EV ecosystem in India. Our collaboration with the Epsilon Group signifies a strategic alliance aimed at realizing this vision through an efficient charging infrastructure which aids and complements a circular economy by way of second-life and end-of-life solutions for batteries. By combining our expertise and resources, we are helping pave the way for an efficient, accelerated adoption of EVs and aiming for a greener tomorrow.

Vikram Handa, Managing Director, Epsilon Group, said, “The MoU with MG Motor India marks a significant milestone in our journey towards promoting faster adoption for green mobility energy and circular economy principles. By providing custom charging technology and implementing innovative battery repurposing strategies, we are contributing towards building a greener, more sustainable tomorrow.

“This synergy will revolutionize the EV charging landscape, making electric mobility a viable and a truly sustainable option for all,” said Benny Parihar, CEO, Power EV. He further added that “Our innovation expertise driven by the opportunity of impacting India’s e-mobility in future will define the green story & shall support MG Motor to achieve their ambitious goals for enriching ease of Home Charging & Public Charging solutions for EV users in future.

Highlighting the significant impact of this partnership, Gaurav Dolwani, CEO, LICO Materials Pvt. Ltd. said, “Through our partnership with MG Motor India, we aim to set new standards for circular economy principles in the automotive sector; by providing comprehensive battery recycling and repurposing solutions to take lead in this sector. Technical experts from both sides will collaborate in working towards second life applications from used lithium-ion batteries from MGs EVs.

As an early mover in the EV space, MG Motor India has focused on developing both the EV ecosystem and the product offering. The carmaker has installed over 15,000 charging touchpoints nationwide, including public and home chargers. Under MG Charge, the company has already installed 500 charging points in 500 days and aims to install 1000 charging points soon. MG Motor India has been unlocking multiple possibilities with its partnerships with industrial players to increase accessibility and provide a seamless customer experience.

About MG Motor India

Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by celebrities, including British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 100 years. MG Motor India’s state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,00,000+ vehicles and 6,000 direct and indirect employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the innovative automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, the Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology, and MG Comet – The Smart Electric Vehicle.

Website: www.mgmotor.co.in

Facebook: https://www.facebook.com/MGMotorIN | Instagram: https://instagram.com/MGMotorIN 

Twitter: https://twitter.com/MGMotorIn/ | LinkedIn: https://in.linkedin.com/company/mgmotorindialtd

About Epsilon Group

Established in 2010, Epsilon Group is a leading industrial conglomerate driving the global carbon black and battery materials industry with a vision to decarbonize economies and support cleaner technologies. Through its subsidiaries, Epsilon Carbon and Epsilon Advanced Materials, the group has carved a niche for itself. Epsilon Carbon operates India's first fully integrated carbon facility in Bellary, Karnataka, specializing in carbon black and specialized carbon derivatives with an annual capacity of 115,000 metric tons and 320,000 TPA, respectively, and poised for expansion with its Carbon Black phase-2 facility. Meanwhile, Epsilon Advanced Materials Pvt. Ltd. established in 2018, is dedicated to sustainable and high-performance anode & cathode battery materials, pioneering India's first graphite anode material plant and making strategic global investments, including in North Carolina and Finland. With a recent foray into lithium-ion phosphate (LFP) based Cathode Active Material business, all aimed at supporting the global battery industry and contributing to sustainable development, truly exemplifying its motto to Energize the World.

Website: www.epsiloncarbon.com / www.epsilonam.com

LinkedIn: https://www.linkedin.com/company/epsiloncarbon / https://www.linkedin.com/company/epsilonadvancedmaterials

Twitter: https://twitter.com/EpsilonCarbon1/ https://twitter.com/EpsilonGraphite/

About LICO Materials

LICO Materials founded in 2021 plays a crucial role in battery circularity by engaging in end-of-life battery recycling and refurbishing. The company focuses on recovering critical materials such as lithium, cobalt, manganese, and nickel to be supplied back to battery manufacturers, contributing significantly to a sustainable future. The company has a state-of-the-art end of life Lithium-Ion Battery Recycling and Refurbishing plant in Navi Mumbai, Maharashtra and an upcoming facility at Bengaluru, Karnataka with a combined capacity of 4 GWh per annum.

Website: www.licomat.com/

LinkedIn: https://www.linkedin.com/company/licomat/

About Power EV

Headquartered in Wrocaw, Poland, Power EV stands as a beacon in the electric vehicle (EV) charging sector, boasting over three decades of expertise in electronic component manufacturing. The company focuses on crafting state-of-the-art EV chargers and software solutions that redefine the standards of the industry. Power EV core values embrace Innovation, Quality & Sustainability. The service offer includes a diverse array of products, including the wide range of AC & DC Chargers, which accommodate charging speeds from 22kW to 120kW. These products are complemented by our Power Panel Management Software, which empowers usage of charging stations with unprecedented ease and efficiency. Power EV embarks its journey with upcoming manufacturing facility by end of 2024 fostering local innovation & production – “Make in India” For more insights into Power EV's strategic initiatives and how we're driving change in the EV charging landscape, please contact us at:: info@dopower.eu

Website: www.dopower.eu

LinkedIn: https://www.linkedin.com/company/power-ev-international/

Air India New A350 Aircraft To Debut On Delhi-Dubai Route From May 1


Air India announced that it will deploy its brand-new A350 aircraft on the busy Delhi-Dubai route this summer, marking the aircraft’s debut on short-haul international flights.

Starting 1 May 2024, Air India guests flying between Delhi and Dubai can experience the A350 in its bold new livery. Operating as AI995/996, the aircraft is scheduled to depart Delhi daily at 20:45hrs, arriving at 22:45hrs in Dubai. The return flight departs Dubai next day at 00:15hrs and arrives in Delhi at 04:55hrs. All timings local.

With this, Air India becomes the only carrier to operate the A350 between India and Dubai.

The A350 seats on the Delhi-Dubai route are available for reservation on Air India’s website and mobile app or via travel agents.

Air India’s A350 aircraft feature 28 private suites with full-flat beds in Business, 24 seats in a dedicated Premium Economy cabin offering extra legroom and other enhancements, and 264 spacious seats in Economy. All seats on the A350 come with the latest-generation Panasonic eX3 in-flight entertainment system and HD screens that offer more than 2,200 hours of entertainment content from around the world.

Air India started inducting the A350s earlier this year, which have since operated flights within India for crew familiarisation and regulatory compliance purposes.

Air India currently operates a total of 72 flights a week to Dubai from five Indian cities, of which 32 flights are from Delhi.

Infosys Records Disappointing Quarter In April 2024; Muted FY25 Guidance


BUY

TARGET PRICE (Rs) : 1,750

Infosys reported a disappointing operating performance in Q4. Revenue declined 2.2% QoQ in cc terms, falling short of our expectations. Weakness was on account of persistent muted discretionary spending, along with a one-time impact of ~100bps due to re-scoping & re-negotiation with a large BFSI client. EBITM declined by 40bps QoQ to 20.1%, while adjusted for one-off impact from rescoping of a large BFSI contract, EBITM at ~21.1% fell slightly below our estimate of 21.4%. Large-deal TCV in Q4 was healthy at USD4.45bn, of which 44% is net new. Company has guided for revenue growth of 1-3% cc in FY25 (implying CQGR of 1.1-1.9%), with EBITM of 20-22%. Mgmt suggested that discretionary spending remains weak, as seen in H2FY24. Even after lowering revenue growth guidance through FY24, Infosys missed its implied Q4 guidance which raises concerns on growth predictability. We cut FY25-26E EPS by 6-6.5%, building in the Q4 miss, lower guidance, and higher ETR. Continual performance miss is likely to weigh on the stock, but valuation is not demanding (~5% FCF yield). We retain BUY with TP now at Rs1,750, on 25x Mar-26E EPS.

Results Summary

Infosys├ó€™s revenue declined 2.1% QoQ (down 2.2% in cc terms) to USD4.56bn, coming in below our estimate of USD4.64bn and missing Company├ó€™s implied guidance. If not for the one-time impact from re-scoping of a large contract, Company would have delivered growth within its guided range. Reported EBITM declined by 40bps QoQ to 20.1%, logging below our estimate of 21.4%. Both, revenue and margin, saw a 100bps impact due to renegotiation and rescoping of a large contract with a BFSI client. Margins were also negatively impacted, by 80bps, due to wage hikes implemented in Nov-23, higher brand building, and visa expenses offset by tailwinds from lower provision for client receivables (60bps), benefits of project Maximus (40bps) and lower impact from the cyber security incident (40bps). Among verticals, BFSI (-7.1% QoQ), Retail (-4.1%), Manufacturing (-3.4%), and Life Sciences (-6%) saw a decline, while Communications (5.6%), Hi-Tech (10.6%), and ERU (0.1%) saw growth. All geographies witnessed a decline on sequential basis, with North America and Europe down 1.1% and 0.7%, respectively. Deal-win TCV was healthy at USD4.45bn. Total headcount declined 1.7% QoQ to 317,240. Company has declared a final dividend of Rs20, along with a special dividend of Rs8 per share. What we liked: Healthy deal intake, cash conversion (FY24 OCF/EBITDA: 71.6%), further reduction in LTM attrition (12.6% vs 12.9% in Q3). What we did not like: Operating performance miss; lower revenue guidance for FY25.

Earnings Call KTAs

i) In Q4, Company had re-scoping and renegotiation of one of the large contracts in the BFSI segment, leading to a one-time impact of ~100bps in Q4. Nearly 85% of the scope of the contract continues as-is. Management indicated this to be an isolated incident. ii) Company continues to witness macroeconomic effects (high inflation and interest rates) in BFSI, in turn leading to cautious spending by clients. iii) Management expects the normal seasonality to play out in FY25 per its guidance, i.e. H1 to be stronger than H2. iv) Communication clients maintain a cautious approach amid growth concerns and challenges. Growth in coming quarters will be led by ramp-ups of previously won deals. v) Micro-concerns in Hi-tech persist, leading to delay in deal closures, decision-making, and clients' repurposing spend. Discretionary programs have been kept on hold. vi) Company expects FY25 growth to accelerate from FY24 levels in Financial Services and Telecom, due to large-deal wins. Manufacturing, while still showing healthy growth, will see lower growth vs FY24. Hi-tech is expected to remain soft. vii) Effective FY25, Company expects to continue its capital allocation policy of returning ~85% of FCFs cumulatively over a 5-year period (FY25-29). viii) It acquired in-tech, a leading ER&D services provider focused on the German automotive industry, for a cash consideration of EUR450mn (EV/S 2.6x). The acquisition is expected to close during H1FY25.

Bangalore Reclaims 3rd Spot From Hyderabad - Uber’s Annual Lost And Found Index In 2024


With Mercury in retrograde, making people more forgetful than ever, Uber today released the 2024 edition of its Lost and Found Index, a snapshot of the most frequently forgotten items, the most forgetful cities, as well as the days of the week and times of the year when Uber riders tend to be most forgetful.

Delhi bagged the title of the most forgetful city in the country for the second year in the running, even as Mumbai retained its second spot. Bangalore reclaimed its 3rd place from Hyderabad, which slipped to 4th as residents became more watchful about their belongings. Pune rounded up the top 5 most forgetful cities in the country. Backed by insights and data, Uber’s Lost and Found Index aims to educate riders in a fun yet informative manner about in-app options available to them at the tap of a button, in case they lose or forget something in their Uber during their trip.

Over the last year, objects including phones, bags, wallets and clothing top the list of items left in Ubers across India, followed by utility items such water bottles, keys, and accessories such as spectacles and jewelry. Indians also forgot unique things such as a Ukulele instrument, a coin collection, prasad and hair trimmer. Riders also left behind important documents such as passports, bank and business papers in their Ubers. 

Commenting on the Index, Nitish Bhushan, Head of Central Operations, said, “We’ve all been riders, and have had that moment where we suddenly realised we left behind a precious item or even a cherished belonging in a cab. With Uber, you have the option to attempt retrieving the lost item by simply following a few steps in the app. We understand the trust riders put in us each time they take an Uber ride, and we felt the time was opportune to provide a quick refresher course on how to retrieve lost items.”

Connecting the trends:

People are most likely to forget their belongings in an Uber on Saturdays

People tend to forget blue coloured items the most in Ubers, followed by red and pink

Evenings made people most forgetful, with most items left behind around 7PM

Riders with Apple devices were most forgetful during the year gone by

People forgot most items in Ubers last year during the festive days around Diwali

Below is the snapshot of insights from Uber Lost and Found Index India 2023:

Top 10 Most Commonly Forgotten Items

Phone

Laptop bags

Clothing

Keys

Headphones

Wallet

Spectacles/sunglasses

Water Bottle

Jewelry

Watch

Top 5 Most ‘Forgetful’ Cities

Delhi

Mumbai

Bangalore

Hyderabad

Pune

Top 3 Most Forgetful Days of the Year

Nov 10

Nov 9

Nov 11

Top 3 Most Forgetful Days of the Week: The Weekend

Saturday

Friday

Sunday

The Most Forgetful Time of the Day for Indians: Evenings

7 pm

8 pm

6 pm

Top 3 Colours of Forgotten Items

Blue

Red

Pink

Top 3 Phone Brands Left in Ubers

Apple

Samsung

Redmi

Top 5 Most Unique Lost Items

Ukulele instrument

Coin collection

Gate valve

Cornflakes

Prasad

Here’s a quick guide for riders looking for “Lost Items”:

*        Tap on “Menu” icon

*        Tap “Your Trips” and select the trip where you left something

*        Tap “Report an issue with this trip”

*        Tap “I lost an item”

*        Tap “Contact my driver about a lost item”

*        Scroll down and enter the phone number you would like to be contacted at. Tap submit

*        If you lost your phone, enter a friend’s phone number instead

*        Your phone will ring and connect you directly with your driver’s mobile number.

*        If your driver picks up and confirms that your item has been found, coordinate a mutually convenient time and place to meet for its return to you

*        If you are unable to connect with the driver, use ‘in-app support’ to report the loss, and Uber Support Team will step in to help you

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 10 billion trips later, we're building products to get people closer to where they want to be. Uber is available across 125 cities in India where people can book a ride on our app across two, three and four wheel products designed for their intracity and intercity travel needs. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

ICICI Securities Record Healthy Revenue Growth In Q4FY24 And FY24 Performance


ICICI Securities, a part of the ICICI Group and one of India’s leading financial services platforms, meeting end-to-end financial needs of its customers across Trading, investments and loans, today declared its financial and operational performance for the Financial and Quarter ending 31st March 2024.

The company registered a healthy revenue growth with market share improvement across various revenue generating parameters

Key Highlights for Q4FY24

:• Overall revenue at ? 1,544 crore, up 74% YoY 

Profit after tax at ?537 crore, up 104% YoY

Overall Client assets at ?7.0 lakh crore, up 19% YoY

The company declared a 2nd interim dividend of ? 17/ share, taking the full year dividend to ? 29/share

Revenue Growth: ICICI Securities reported revenue growth across various business segments. Retail Equities and Allied revenue stood at ?904 crore, marking an 84% year-on-year (YoY) increase, within which equity revenue grew by 143% YoY to ?351 crore and derivative revenue grew by 24% YoY to ?145 crore. Distribution income stood at ?190 crore. On the institutional side, Issuer Services and Advisory revenue escalated to ?105 crore, reflecting a healthy YoY increase as compared to lower base last year while Institutional Equity & Allied Revenue reached ?108 crore, a noteworthy increase of 118% YoY. Private Wealth Management (PWM) revenue stood at ?490 crore, up 92% YoY. Mutual Fund distribution revenue grew by 27% YoY, loans distributed for Q4FY24 stood at ?1,873 crore, up 50% YoY.

Market Share Improvement: In Q4FY24, ICICI Securities strengthened its market share across multiple segments. Retail cash equity market share improved from 11%3 to 13% YoY. The retail derivative market share2 also rose from 7% to 8% YoY. The company has continued to improve its market share in the commodity1 market segment from 6% to 7% YoY. Furthermore, ICICI Securities has maintained its position in the MTF (Margin Trading Fund) segment with a ~20% market share.

Client Growth: ICICI Securities added ~7,500 Private Wealth Management (PWM) clients, taking its PWM client base over 1.08 lakh.

Client Asset Growth: As of March 31, 2024, ICICI Direct’s total client assets reached approximately 7 lakh crores, marking a significant 19% YoY increase. The PWM Assets Under Management (AUM) reached 4.1 lakh crore, reflecting a strong 28% YoY growth.

Key Highlights for FY24:

Revenue stood at ? 5,051 crore, up 47% vs FY23 and PAT at ? 1,697 crore, up 52% YoY.

3Based on the revised disclosures by NSE for retail individual category in the equity segment from April’23. The market share so computed is therefore not comparable with the market share for Q4FY23 computed using earlier disclosures for others category.

1Excluding FII, DII and Prop

2Calculated basis Option premium and future turnover

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates www.icicidirect.com, India’s leading virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit: www.icicisecurities.com

Mahindra Lifespaces Sells Homes Worth ?350 Cr In Two Days At Mahindra Zen, Bengaluru’s 1st Net Zero Waste + Energy Homes


Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, today announced the successful launch of Bengaluru's 1st Net Zero Waste + Energy residential project, Mahindra Zen. The project witnessed an outstanding response from homebuyers, with over 150 homes booked within just 2 days, that is ~ 65% of the launched inventory. This remarkable achievement, totaling over ?350 crores in value, underscores the growing demand for sustainable living solutions in Bengaluru.

Against the backdrop of rising environmental concerns, Mahindra Lifespaces' innovative offering has resonated strongly with homebuyers, reaffirming the company's position as a leader in sustainable real estate development.

Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Limited said, “The successful sales of Mahindra Zen reinforces our commitment to environmentally responsible development and highlights the growing preference for sustainable living among our customers in Bengaluru. As pioneers of Net Zero homes in the country, we aim to contribute to reducing the environmental impact of real estate and are delighted with the response that our project has received. This achievement highlights the increasing awareness and desire among homebuyers to contribute to a greener future.”

Mahindra Zen offers ‘nature-crafted living’ with features inspired by the five elements of nature viz. Earth, Fire, Wind, Water, and Air: like the urban forest, solar-powered working pods, and symphony corner. Additionally, Mahindra Zen embodies a climate-responsive design with features such as solar- powered amenities and low-flow sanitary fixtures, contributing to resource conservation. With amenities also promoting sustainable living, Mahindra Zen reflects a holistic approach to community well-being.

The location of Mahindra Zen offers easy access to major business parks and IT hubs like Electronic City, ensuring convenient daily commute. The neighborhood features renowned educational institutions, shopping centers, supermarkets, entertainment venues, and dining options, catering to family needs. Residents can also enjoy Bengaluru's vibrant nightlife, adding to the overall lifestyle appeal.

About Mahindra Lifespace Developers Ltd.

Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company’s development footprint spans 35.06 million sq. ft. of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations.

Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.

The first real estate company in India to have committed to the global Science Based Targets initiative (SBTi), all Mahindra Lifespaces’ projects are certified environment friendly. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. Mahindra Lifespaces® is the recipient of over 90 awards for its projects and ESG initiatives.

Learn more about Mahindra Lifespaces® at www.mahindralifespaces.com

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