Saturday, December 3, 2022

Make Life A Ride: BMW Motorrad Roars Up Engines At India Bike Week 2022


* Preview of the new BMW S 1000 RR.

* Stunning Motorrad range and custom bikes on display.

* Attractive offers on BMW Motorrad Garment Collection and accessories.

* Exclusive lounge for BMW Motorrad Owners.

* BMW Motorrad Owners Parade.

* General Bike check-up and Service Support.

* #BMWMotorradIndia #BMWMotorrad #MakeLifeARide #SoulFuel #BMWMotorradAtIBW

BMW Motorrad revs up at India Bike Week in Goa. True to its motto - ‘Make Life a Ride’, the BMW Motorrad pavilion attracted motorcycle enthusiasts and seasoned bikers to the fascinating world of BMW Motorrad. No matter how different the riding experience world is – Sports, Tour, Roadster, Heritage or Adventure, every motorcyclist can find a bike of their personal preference at the BMW Motorrad pavilion.

Mr. Vikram Pawah, President, BMW Group India, said, “At BMW Motorrad, we have been crafting not only masterpieces of engineering, but experiences that are just pure enthusiasm on two wheels. We are thrilled to bring BMW Motorrad back to India Bike Week, presenting our fans from all over India the very essence of our brand motto ‘Make Life a Ride’. We are overwhelmed with the response from bikers who have travelled from all across the country and look forward to see them embark on a journey of their lifetime with the ‘Ultimate Riding Machine’.”

Look, touch, try out and talk shop - the fascination of motorbikes could be felt everywhere across the BMW Motorrad pavilion. Located centrally, the pavilion was created across two levels with ample space for interaction and activities. The ground level displays  – BMW G 310 RR, BMW S 1000 RR, BMW F 850 GS, BMW F 900 XR, BMW K 1600 GTL option 719 Midnight, BMW R 18 and BMW C 400 GT.  Custom made BMW G 310 RR, G 310 R and G 310 GS bikes were also on special display.  

The latest range of BMW Motorrad Accessories and BMW Motorrad Garment Collection is also on display. The Bar and VIP zone on the terrace provided a prime view of the entire event and was the perfect place to relax amidst the buzz.

Motorcycling enthusiasts and customers also made great use of the opportunity to engage with BMW Motorrad product specialists and receive expert advice on products and services. A complimentary General Bike check-up and Service Support was offered to all BMW customers at the pavilion. Further, special offers on riding gear and accessories are available to bikers and enthusiasts.

BMW Motorrad customers from across the country participated in India Bike Week. On the first day, the group rode out together on an exclusive ‘BMW Motorrad Ride-in’. Riding to Vagator, the cavalcade created excitement through the city, marking the official opening of the BMW Motorrad Pavilion.

The entire range of BMW Motorrad bikes are sold and serviced through its authorized dealer network, present across important centers in India such as Delhi (Lutyens Motorrad), Mumbai (Navnit Motors), Thane (Thane Motorrad), Pune (Bavaria Motors), Chennai (KUN Motorrad), Bengaluru (Tusker Motorrad) & (JSP Motorrad), Ahmedabad (Gallops Autohaus), Kochi (EVM Autokraft), Hyderabad & Vijayawada (JSP Motorrad), Indore (Munich Motors), Lucknow (Speed Motors), Chandigarh (Krishna Automobiles), Jaipur (Pratap Motorrad), Raipur (Munich Motors), Cuttack & Kolkata (OSL Prestige) and Ranchi (Titanium Autos).

Bengalurians To Run For Cancer Patients As ELV GROUP Bengaluru East Marathon Is Back On Dec 4


* The 5km & 10 Km Marathon to see participation from Film, Fitness and Entrepreneur word together

Much-awaited ELV GROUP “Bengaluru East Marathon” is back. Bengaluru East Marathon is an experience that is indelibly linked to Bengaluru city’s unquenchable optimism and fighting spirit. One of the most sought after sporting event of IT City was held this Sunday on 4th December 6 am at Whitefield Inner Circle Bangalore and culminated at JS Football Academy Sarjapur.

There will be a grand carnival at the culmination venue coupled with a prize distribution ceremony.

The registration for the Full & half Marathon have commenced at www.elvcsr.com

The first edition of the BENGALURU EAST MARATHON aims to support Karunashraya, a dedicated trust for providing free palliative care to advanced-stage cancer patients who are beyond cure. ELV GROUP the organisers have committed to donate Rs Five Lakhs to support and care for people requiring financial assistance for the treatment of cancer.

Bengaluru East Marathon is expecting to host about 2500 runners in this edition, which includes participants of all age categories.

The Marathon will be flagged off by Shri Aravinda Limbavali, MLA Mahadevpura constituency & former minister with Govt of Karnataka along with DCP Mr. S. Girish, IPS deputy commissioner of police, Whitefield.   Besides, the Marathon to witness Harshika Poonacha (Actress), Kiran Kumar Prakash Reddy (International Powerlifter & Body Builder), Parnaik (ISRO Senior Scientist), Pavi Padukone (International Athlete celebrity Coach & Model), Sujith (Coach & Founder of Road to Trail Club), Tanya Hope (Indian Actress).  

Dr Bhaskar E , Founder & Chairman, ELV GROUP, said “The ELV Group is proud to be associated with this iconic race that brings alive the essence of Bengaluru! Embodying the spirit of Bengaluru, the city that never stops moving, overcoming every challenge just like the marathon runners moving towards their goal with a never-give-up attitude, the Bengaluru East Marathon brings together amateur and professional runners from across the country.”

“Bengaluru East Marathon is today emerging as landmark event and the most prestigious marathon in Southern Part of Country. At ELV GROUP it is an absolute joy for each one of us to be a part of this world-class running event. It is simply amazing to see so many participants from across the culture and ethnicities come together to celebrate the human spirit and run for a cause," added Dr Bhaskar

Dr Bhaskar E said, “Over the years, ELV Group has built a strong and valued reputation for caring for the communities by taking significant steps. In nutshell, society empowerment has been a pivotal focus area for us since our very inception and we are committed to it. Continuing with this thought, we have partnered with Karunashraya this year to create an impact and raise significant awareness regarding Cancer by means of a marathon which has only strengthened our motive. The event, which received immense response and participation, aims to support those belonging to the weaker sections of society and honour cancer survivors, whilst also raising Cancer Awareness.

Friday, December 2, 2022

Diageo India LeadsWater Stewardship Initiative In Partnership With Renewable Water Tech Innovator, SOURCE Global, PBC


* Using patented SOURCE® Hydropanel technology, Diageo India will for the first time in the world, use water made purely from sunlight and air in an alcoholic beverage. 

* This initiative will help accelerate the company’s Society 2030: Spirit of Progress Plan SOURCE® Hydropanels are expected to generate up to 27,000 litres of water drawn from the sky per month, protecting and saving groundwater.  

* Godawan, Diageo India’s artisanal single malt whisky to be made with renewable, sustainable drinking water using patented SOURCE® Hydropanel technology.

Diageo India, the country’s leading beverage alcohol company, today announced a first-of-a-kind water stewardship initiative in partnership with SOURCE Global, PBC. The company’s SOURCE® Hydropanels, a groundbreaking technology that uses the sun to draw pure, constantly replenished water vapor out of the sky, will produce premium water for Godawan, Diageo India’s artisanal single malt whisky.

As the technology partner, SOURCE Global will build a 200-panel water farm in Alwar, Rajasthan. Initially, the installation is expected to generate 9,000 litres of water within the first six months and will further scale up to produce around 27,000 litres of water per month after a year. Because SOURCE® is drawn from the pure and constantly replenished water in the sky, the project will save groundwater. Godawan, Diageo India’s artisanal single malt whisky, produced in the warm and dry Alwar region of Rajasthan, will be the first beverage alcohol brand to use SOURCE® water. 

Because SOURCE® water is locally made, it reflects the unique terroir of the region. SOURCE® Hydropanels also operate off- grid and without electricity or traditional piped water infrastructure, reducing the carbon emissions associated with treating and transporting potable water. 

Hina Nagarajan, MD & CEO, Diageo India said, “We have a responsibility to grow our business sustainably from grain to glass. Last year, we set a vision and commitment to build our Society 2030 program, aligned to the United Nations’ Sustainable Development Goals. The innovative actions of our teams and partners will help us conserve groundwater considerably. Our partnership with SOURCE is aligned to the craft philosophy of born good, made good, and serve good. This is a step forward in our journey to be part of the solution in water-stressed geographies.”

“As the first company to use renewable water in an alcohol brand, Diageo India is serving the growing demand for premium, sustainable products in an incredibly unique and powerful way,” said Neil Grimmer, Brand President of SOURCE Global, PBC. “The world, especially in already water-stressed regions like Rajasthan, is now facing the harsh realities of climate change, and Diageo is leading the way toward a more secure and sustainable future. We are proud to partner with them.”

This initiative is aligned to Diageo India’s commitment towards Society 2030: Spirit of Progress Plan. The company recently released its maiden ESG Index, which highlighted the multiple initiatives undertaken by the company during the year such as creating water replenishment capacity of 4,62,182 Cu.M annually and 84,000 litres of potable drinking water per day under its Water, Sanitation and Hygiene (WASH) programme. The company is working to replenish more water than it uses in the water-stressed sites across its operating locations in India through reforestation, wetland restoration, desilting ponds and rainwater harvesting.  

About Diageo India

Diageo India is the country’s leading beverage alcohol company and a subsidiary of global leader Diageo PLC. The company manufactures, sells and distributes an outstanding portfolio of premium brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, The Singleton, Royal Challenge, McDowell’s No1, Smirnoff, Ketel One, Tanqueray and Captain Morgan.

Headquartered in Bengaluru, our wide footprint is supported by a committed team of over 3145 employees, 47 manufacturing facilities across states and union territories in India, a strong distribution network and a state-of-the-art Technical Centre.

Incorporated in India as United Spirits Limited (USL), the company is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. For more information about Diageo India, our people, our brands, and our performance, visit us at www.diageoindia.com. Visit Diageo’s global responsible drinking resource, http://www.DRINKiQ.com, for information, initiatives, and ways to share best practices.

Celebrating life, every day, everywhere.

About SOURCE Global, PBC

A Public Benefit Corporation, SOURCE Global, PBC’s mission is to make drinking water an unlimited resource. The company’s SOURCE® Hydropanels use the sun to draw pure water vapor out of the air and transform it into fresh, high-quality, perfectly mineralized drinking water. Because the company’s technology operates entirely off the grid, it is uniquely well suited to serve areas with no reliable access to safe drinking water and those with little to no infrastructure, putting the fundamental right of safe, sustainable drinking water in the hands of every person in nearly every climate and corner of the world. Unlike piped, well or bottled water, SOURCE water is produced where it’s needed and constantly measured and monitored by digital sensors in each panel. SOURCE® Hydropanels are currently serving communities, schools, hospitals, NGOs, businesses and homes across the world and SOURCE is on Fast Company’s 2020 list of most innovative social good companies. Headquartered in Scottsdale, Arizona, the company operates in more than 50 countries and on six continents. SOURCE is a registered trademark of SOURCE Global, PBC.

Ecom Express Surpasses Overall Industry “Growth In Season 2022”


* Volume and Revenue grew between 55-60% as compared to ~30% for overall industry 

Ecom Express Limited, a new-age technology-driven full stack logistics solutions provider to the e-commerce industry announced a tremendous seasonal growth this year (2022) in terms of productivity and revenue this festive season. 

In 2022, overall industry grew by ~30% during the season as compared to last season whereas the volume and revenue of Ecom Express touched a staggering growth of 55-60% as compared to last season. 

For Ecom Express the shipments in tier-II cities and beyond grew by 160% in the season month of 2022 from the last year’s (2021) season. The delivered productivity across India grew by 25% from season 2021 to season 2022. 

T. A. Krishnan, Chief Executive Officer & Co-founder, Ecom Express Limited said, ‘’We are delighted to share that our season performance has been significantly higher than the industry growth. Our continuous efforts to better our performance resulted in maintaining and exceeding pace with overall industry and becoming a platform of choice for marketplaces and D2C ecosystem. This season we made advanced preparations across the board and multiple levels of network and service calibrations to achieve these amazing results.” 

The advanced preparation, 10 months prior to the festive season in developing a highly advanced available tech stack ensured high performance outcome even at 2x volume. 100% availability of tech platform ensured high reliability with peak volume seen multiple times during the season. The robust and scalable systems added to the seamless functioning and ensured there are zero disruptions. 

The gig registered user base of Ecom Express touched 84,000 workers by the end of the season to cater to deliveries of parcels. The curated campaigns, incentives and user-friendly platform attracted large onboardings. 

Ecom Express has successfully implemented the shipments and deliveries this year due to which they achieved tremendous seasonal growth. 

About Ecom Express:  

Ecom Express Limited is one of India’s leading end-to-end technology enabled logistics solutions providers to the Indian e-commerce industry. Headquartered in Gurugram, Ecom Express was incorporated in 2012 by T. A. Krishnan, Manju Dhawan, K. Satyanarayana and Late Sanjeev Saxena with their 100+ years of cumulative experience in the Indian logistics and distribution industry. Ecom Express has its presence in all 28 states of the country and operates across 27,000+ PIN codes in India. Through its deep reach strategy, the company has the capability to deliver to 95%+ of India’s population. 

For more information,  visit: https://ecomexpress.in/ 

Bank Of The Future- Asia Pacific Retail Banking Survey 2022


* Research by - Rob Jameson APAC Content Lead at Capco, Hayley Haupt Partner and APAC Head of Strategy & Consulting at Capco, Paul Sommerin Partner and APAC Head of Digital & Technology at Capco Danny Wan Executive Director, and Head of Strategy at Capco - Hong Kong 

Consumer attitudes to banking services in Asia-Pacific are evolving rapidly. Here we assess the cross-regional themes that emerged from our poll of nearly 5,000 Asia-Pacific consumers while also highlighting the differences between our individual markets: Hong Kong, Greater Bay Area (ex-Hong Kong), and Singapore. 

SIX IN TEN RESPONDENTS SAY THEY WOULD TRUST ‘BIG TECH’ MORE THAN A BANK TO DELIVER BANKING SERVICES 

Eight in ten say they want a better online experience from their banking services provider. Across the Asia-Pacific region, consumer attitudes towards banking services are increasingly influenced by factors outside of local banking markets. For example, the super app mobile portals that consumers have adopted to help organize key aspects of their daily lives (from messaging friends to food deliveries, ride hailing and travel) are now setting a high bar for ease and convenience across all types of digital customer journeys – including banking services.  

Mobile access is king 

Across our five surveyed markets, three-quarters of all respondents now access banking services using mobile phone apps. For many consumers, their bank is their mobile banking app. The spectrum of this mobile dominance ranges from 66% of respondents in China’s Greater Bay Area (ex-Hong Kong) who use mobile apps for banking service access to 85% in Bangkok and the surrounding region. Not that the wider Greater Bay Area is behind the curve when it comes to using technology – 22% of our GBA (ex HK) respondents say they now use wearables to access banking services, compared to only 6% in Singapore. 

Trusting technology 

Confidence and trust are everything in digital banking (not least because these are accepted strengths of traditional providers) and here the message from Asia-Pacific consumers is at first reassuring – but with a sting in the tail. In our cross-region sample, most consumers – about eight in ten – said their confidence in using mobile and digital banking services has grown over the last two years. That vote of confidence in a digital future was most pronounced in Thailand (88%) but weakest in Hong Kong (68%). The twist is that six in ten consumers across our five markets say they would trust a ‘Big Tech’ firm more than they would a bank to fulfill banking services. The vote in favor of ‘Big Tech’ was most marked in China’s Greater Bay Area (ex-Hong Kong) – birthplace of the super app – where 77% of consumers asserted, they would trust ‘Big Tech’ more than a bank. In contrast, that figure falls to 42% in Singapore. 

Personalization and sharing  

The strategic threat posed by fintech, ‘Big Tech’ and the new generation of virtual/digital only banks means it is vital that established banking service providers can identify and deliver precisely what consumers want. However, it is not just those incumbents that need to pay attention. In Hong Kong, which began to license virtual banks relatively early, from March 2019, many of the new entrants are also having to work hard (often in the shape of attractive introductory offers/inducements) to make an impact and attract customers. Digital offerings that can truly differentiate a banking service are therefore going to be critical. Across most of the five Asia- Pacific markets that we surveyed, a large majority of consumers said they would be attracted by an app that gave them better visibility of all their financial products and provided personalized insights. For example, in Singapore, 20% found this ‘extremely attractive’, an additional 36% ‘very attractive’, and 38% ‘somewhat attractive’. 

HONGKONG- 

SEVEN OUT OF TEN CONSUMERS WA N T A B ETTER O N L I N E EXPERIENCE 

Consumer confidence in digital banking has risen strongly over the last two years, but most consumers would trust ‘Big Tech’ to fulfill their banking services as much as a bank. Hong Kong’s relatively mature banking market – dominated by a few traditional banks and with robust cross-selling rates – has been fast-forwarded to the future by the pandemic-fueled rise of remote banking and the advent, since 2019 of eight virtual banks. Consumers at first welcomed the new banks, with more than 1.2 million accounts opened by end 2021 as promotional offers helped to fuel the enthusiasm.  

More recently, openings have plateaued and digital transformation at many incumbent institutions has slowed under the twin pressures of a stuttering economy and a dearth of technology talent. However, with 70% of our respondents currently accessing banking services using mobile apps and many also using laptops and wearables, Capco’s survey showed that there is significant consumer appetite for further transforming banking services – in ways that incumbent banks will welcome, and in ways they may not. 

Recommendations 

• Hong Kong consumers are gaining confidence in digital banking but say they are open to switching and would trust strategic bank competitors, such as ‘Big Tech’, to fulfill their banking services. 

• They are demanding better online services and more visibility across products and are prepared to share information to fuel more personalized products – and many want providers to adopt a sustainable stance. 

• Financial services providers need to expand the aperture through which they view the modern Hong Kong consumer. Pricing is key and consumers are looking for the right deal, but their demands are widening away from cost and value in a narrow sense. They are looking for financial services providers that can help them save money while also helping them view and understand their finances in a more holistic and personalized way. 

• With trust no longer a bank monopoly, it is urgent that Hong Kong’s banks improve the customer experience and answer consumer demands for better digital platforms that can support more holistic views and real-time personalized digital services and advisory support – tailored around the lives of individuals and enabled by AI and end-to-end straight-through processing. 

“Our survey reveals that ease and convenience and a single gateway to multiple services are a fundamental ask of bank customers. However, instead of a simple aggregator, they are expecting banks to offer personalized insights and advice, e.g., money-saving opportunities. The metaverse is just emerging as a future channel for digital banking services. Banks need a forward-thinking, executable strategy on digital omnichannel that includes apps, metaverse, product personalization, AI advisory, and the right balance of data sharing/privacy” says- Paul Sommerin, Partner, and APAC Head of Digital & Technology. 

GREATER BAY AREA (EX- HONG KONG) 

NINE OUT OF TEN RESPONDENTS WOULD TRUST ‘BIG TECH’ AS MUCH OR MORE THAN A BANK TO FULFILL BANKING SERVICES 

Most respondents (84%) say they are more confident using mobile and digital banking 

services today than two years ago. The eleven cities of the Greater Bay Area (GBA) form a fast-growing, capital-rich regional economy that will play a central role in shaping China’s future – and that already sits at the frontier of developments in retail banking services.  

Hong Kong is a leading city within the GBA and – as a business gateway and center of financial expertise – will be a key contributor to the GBA’s future success. However, in this commentary, we will be looking at data drawn from the GBA excluding Hong Kong to highlight the differences and similarities in consumer attitudes between Asia-Pacific’s traditional financial capital and the wider GBA region.  

The GBA (ex HK) area itself and its public services are highly digitally connected – Shenzhen, for example, pioneered the ‘smart city’ concept and hosts vibrant tech/fintech sectors as well as serving as the headquarters for internet and technology giant Tencent and retail financial services group Ping An.  

Sustainability and the metaverse 

Sustainability is a key issue for GBA (ex HK) respondents, reflecting wider concerns in this market not just about global warming but also local issues, such as water and air quality. Around 30% of respondents told us they now view a banking service’s sustainability and ESG credentials as ‘extremely important’, with a further 53% attaching at least some degree of importance to it.  

Though nascent, the metaverse has the potential to be an important new channel for payments and other banking services. Despite its currently nebulous nature, 78% of respondents said they were at least open to thinking about consuming banking services via the metaverse’s virtual and augmented realities, with 21% responding, ‘Yes, definitely!’. Overall, our GBA (ex HK) respondents were open-minded about how, and where, banking services are delivered.  

“Our survey highlights further opportunities to improve and refine customer experiences around banking services to drive adoption in the digital-savvy Greater Bay Area (ex- Hong Kong) market. Consumers are demanding transparency and offerings that are relevant to their lifestyle choices and ambitions and are willing to share social media data to unlock personalization. They also want a more in the- round view of their finances, while taking advantage of products and services from multiple providers. Banks should explore points of differentiation and have a clearer understanding of their customers’ behaviors and lifestyle values. This will ensure they can innovate effectively to deliver a more frictionless financial services experience via digital channels, and drive renewed levels of engagement and trust, says”-Danny Wan, Executive Director and Head of Strategy, Hong Kong 

SINGAPORE 

EIGHT OUT OF TEN CONSUMERS NOW ACCESS BANKING SERVICE BY MOBILE APP 

Mobile dominance is leading to demands for better apps, easier navigation, and face ID and fingerprint login. Singapore, arguably now Asia’s largest financial center, has for years put its citizens on the fast track to a digitally-enabled lifestyle – the city’s early adoption of a digital identity solution, Singpass, gives daily access to a myriad of government and business services.  

While digital banking licenses only began to be awarded in 2020, lagging rival financial center Hong Kong, Singapore has a thriving fintech sector and a highly competitive e-wallet market. In August 2022, the firm behind the regionally important Grab super app, headquartered in Singapore, began launching the city state’s first retail digital bank, GXS (partnering with Singapore Telecommunications), with the digital Trust Bank (Standard Chartered and FairPrice Group) following on in September.  

For the moment, the wider retail banking market remains concentrated, with four long-established banks taking threequarters of the market. Traditional banks have been tending to cut branch staff and invest in online offerings, but satisfaction with the ease of digital banking varies across institutions and, with some exceptions, there are areas for improvement. Such improvements will become more pressing as digital competition increases, and the attitude of Singapore’s consumers – digital savvy and bargain conscious, but also risk averse – begins to determine the rate of change. 

Nearly one in four (23%) of Singaporeans think their banking service’s sustainability credentials are extremely important, a rate that does not vary much by age, with a further 43% attaching a more limited degree of importance. A little under half of our sample would either consider buying (31%) or were definite that they would buy (16%) banking services over the metaverse. This rises to well over half (61%) for the 18-24 age group, who are clearly intrigued by the idea and are perhaps more exposed to the metaverse concept through gaming activities. That’s encouraging news for the leading Singapore banks that are now trying to gain first-mover advantages through experimenting in creating metaverse experiences. One in five (21%) Singaporeans in our survey said they would find it ‘very interesting’ if their bank offered the ability to trade cryptocurrency, with just over half showing at least some degree of interest. However, regulators in Singapore are worried that crypto trading is too risky to be suitable for the public and have recently published a consultation on reducing potential consumer harm, e.g., by disallowing the use of credit facilities for cryptocurrency trading. 

“The nascent yet burgeoning digital banking landscape has seen a shift in consumer trust patterns toward ‘Big Tech’ firms, which could lead to an interesting jostle for market position as Asia’s largest financial center continues to evolve. Our survey reveals that consumers are in search of a differentiated digital banking experience with enhanced personalized insights. The ask for an aggregated view of financial information means banks need to think about how they can best embed education about products and offerings as part of the customer digital journey”, says- Hayley Haupt, Partner and APAC, Head of Strategy & Consulting 

Thai And Singapore Airlines Sign “MoU To Forge New Stratic Partnership”


* THAI Acting Chief Executive Officer Suvadhana Sibunruang (left) and SIA Chief Executive Officer

*Goh Choon Phong (right) at the Association of Asia Pacific Airlines 66th Assembly of Presidents event held in Bangkok, Thailand. 

Thai Airways International Public Company Limited (THAI) and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to form a new strategic partnership. This will result in the airlines progressively code sharing more extensively on each other’s services and exploring wide-ranging commercial collaboration that provides their customers with more options and value, as well as greater benefits and an enhanced travel experience. 

In the initial phase, THAI and SIA will codeshare on each other’s flight services between Singapore and Bangkok. THAI will also codeshare on SIA’s flight services to Cape Town and Johannesburg in South Africa; Houston, Los Angeles, New York (John F. Kennedy International Airport and Newark Liberty International Airport), San Francisco, and Seattle in the United States of America; as well as Vancouver in Canada, by the first quarter of 2023, subject to regulatory approval. 

Additional codeshare arrangements to points in both airlines’ networks will be explored to support increased air connectivity to Thailand and Singapore, as well as points in Europe, India, and South West Pacific routes.  

Mr Goh Choon Phong, Chief Executive Officer, Singapore Airlines, said: “SIA and THAI have had a close relationship for many years, which we aim to strengthen through this comprehensive agreement. Both airlines have a loyal customer base, as well as extensive operations within South East Asia and around the world. This is a win-win opportunity to support the growth of our respective hubs and enhance the options and service offerings for our customers.”   

Mr Suvadhana Sibunruang, THAI Acting Chief Executive Officer, said: “THAI and Singapore Airlines have shared a long-term relationship, and I am glad that this cooperation between the two airlines will certainly cater for the demand of travellers between Thailand, Singapore, and beyond. It will also enable the expansion of THAI’s network to more service points in the United States, Canada, South Africa, Europe, India, and South West Pacific routes. The codeshare arrangements will greatly benefit our customers in a range of service areas including the frequent flyer programme, customer experiences, lounge access, and airport ground services.  The collaboration strengthens both the airlines’ networks as members of Star Alliance.” 

Shoppers Stop Launches Its Seventh Store In Bengaluru At Forum Prestige Mall


* Present at the launch was Shri. M. Krishnappa, Member of Legislative Assembly (MLA) Vijayanagar Constituency, Bangalore, 

* Mr. Irfan Razack, Chairman and Managing Director, Prestige Estates Projects Ltd, Ashraf Ali M.A   

* Executive Director, Lulu Group International along with Mr. Venu Nair MD & CEO, Shoppers Stop inaugurated the store 

India’s premier fashion and beauty destination, Shoppers Stop has launched its seventh store in the Silicon Valley of India, Bangalore. The new store, which is located at Forum Prestige Mall, is intended to satisfy India's growing demand from fashion-forward shoppers. Present at the launch was Shri. M. Krishnappa, MLA Vijayanagar Constituency, Bangalore, Mr. Irfan Razack, Chairman and Managing Director, Prestige Estates Projects Ltd, Ashraf Ali M.A Executive Director, Lulu Group International and Mr. Venu Nair MD & CEO, Shoppers Stop formally inaugurated the store. 

Speaking on the launch, Mr. Venu Nair – Customer Care Associate, MD & CEO, Shoppers Stop Limited says ‘With each new store opening, Shoppers Stop strives to elevate the brand experience for consumers. Key markets such as Bengaluru, known for its sense of style, will offer discerning consumers the best the brand has to offer. We are confident that the new Shoppers Stop store in Bengaluru will strengthen our retail offering. In addition, the launch of this store will add to the festive cheer in the city, making it one of the most sought-after shopping and leisure destinations in the city.’ 

Customers of Shoppers Stop may enjoy the full Shoppers Stop experience at the new Shoppers Stop store, including access to the Personal Shoppers Lounge and fit and sizing assistance from Personal Shoppers in-store. They can try on the clothing in the lounge's distinctive, hygienic trial rooms without being bothered. Additionally, the store is kid and senior-citizen-friendly and offers a variety of food and drinks. In addition to the seven Shoppers Stop stores in Bengaluru, the company also has 2 Home Stop stores and one airport door to cater to the tastes of the high-heeled citizens of the city.  

The Shoppers Stop store at Forum Prestige Mall, is approximately 55,696 sq. ft with products from over 500 of the finest international, national, and exclusive brands spread across multiple categories all under one roof. With this new store, the brand has enhanced its presence across 98 department stores in 49 cities. The store houses key brands such as Jack and Jones, Levis, Celio, AND, Vero Moda, ONLY, JJ Kids, Adidas, Puma, RENNE, HUSH PUPPIES, ONLY KIDS among others. They also house the first MAC cosmetics outlet in the city for all the beauty fanatics. 

The mood is bullish at Shoppers Stop and we are very enthused with our expansion plans. We will continue to increase our product portfolio to meet the needs of our customers. Added Mr. Nair.  

Shoppers Stop has reinforced its commitment to giving customers an exceptional experience with the opening of its new outlet. So, visit the brand-new Shoppers Stop location to shop! 

Prestige Unveils Bangaloreans' Unforgettable Brand - Forum Rex Walk At Brigade Road & Forum At Prestige Falcon City, Kanakapura Road



* A million square feet retail space of endless possibilities ~

* Prestige Group continues to provide an elite retail experience with Forum Rex Walk and Forum at Prestige Falcon City~

The South of Bengaluru is underway a massive retail spin as Prestige Group brings its largest and newest development under the Forum portfolio to life with Forum at Prestige Falcon City, Konanakunte Cross, Kanakapura Road, South Bengaluru. Primed to become Bengaluru’s most iconic location, the mall is a well-packaged solution for shopping, food, entertainment, and fun.

On the momentous occasion of the inauguration of Bangalore’s largest and newest mall, Chairman and Managing Director, Prestige Group, Mr. Irfan Razack shared, "Today marks a milestone of another big achievement by our very own- Forum Malls, with the inauguration of Forum Falcon City, the largest mall in South Bangalore. Being the first from our new inventory of assets, the mall captures the essence of Bengaluru beautifully. In the coming years, ‘Forum’ is going to pave the way for endless possibilities when it comes to shopping, entertainment and f&b and our vision is to strengthen its foothold through thoughtful expansion plans. With our upcoming projects, we are working towards delivering up to seven million sq. ft space across cities which will help build resonance with our modern- day consumers. The brand has revolutionized the concept of retail in the country, and we will continue to serve our patrons with quintessential, unique spaces that render the ‘Prestige’ feeling."

Chief Executive Officer – Retail, Prestige Group, Mr. Muhammad Ali threw light on the Group’s most boisterous retail investments to date. Said, “It gives me great pleasure to launch our largest venture in the retail space – Forum at Prestige Falcon City – in South Bengaluru, the cultural heart of the city. The first in our new inventory of assets, we have sought to capture the essence of old Bengaluru, the garden city with this mall. When we created Forum back in 2004, it was the realization of a dream and today, we are reimagining the dream, to develop a new generation of malls that are designed to cater to the future customer.”

Developing into an iconic location in Bangalore, Forum Mall at Prestige Falcon City is marked to stay way ahead of the game and not just for its design but for the best catchment that any brand could ask for. Strategically located in the heart of South Bangalore at the intersection of Kanakapura Road, Banashankari and JP Nagar, this landmark property is sure to attract the most discerning of buyers.

Design & Aesthetics


Designed by the leading architects, Benoy from Singapore, the mall is created to have architectural forms derived from trees and dappled light in a bold form. A playful elevation of green monochromes, a clearly articulated entrance, a fusion of garden and tree forms blended to create a neutral yet dramatic impact, this mall will be a treat for eyes and mind.

Against the blue backdrop of Bangalore's skies, Forum mall looms tall and wide with a swanky green façade that resembles a flawless synthesis of nature and its elements. The spectacular skylight that sits over the main atrium casts beautiful light patterns on the mall's interiors, creating a spellbinding light show throughout the day.

The interior design adheres to the overall theme, which unites modernism with natural earthy elements into one feature. There are artistically created social seating areas that evoke a sense of solidarity with nature.

Unique Retail Mix

The brand-new Forum Mall, has evolved into a bespoke shopping destination with the most coveted retail brand mix, primarily attributed to a rarely seen combination of two premium international anchors like Zara and H&M under one roof. Embellishing this offering further, is the presence of most popular brands including Shoppers Stop and Lifestyle, Home Stop and Home Centre, and the newest format of hypermarkets from Dubai's leading group, Lulu, spread out over 70,000 sqft of space.

Forum Mall is bringing home the largest Family Entertainment Centre in the heart of south Bengaluru with Tridom, from the Landmark Group, Dubai. Tridom offers next-gen arcade games and rides and spans over a whopping 50,000 square feet of space – a one stop gaming destination for young adults as well families and kids.

The mall also features one of the largest and most opulent megaplex from the house of PVR, with 12 screens, featuring Gold class, PXL and 4DX theatres. With over 45 food and dining options, a microbrewery, alfresco dining, and a large food court with 1200 plus seating, the mall is set to become the ultimate food destination in South Bengaluru.

In addition to all of this, this brand-new Forum Mall is the quintessential shopping paradise for shopaholics, offering a plethora of brands in the fashion, lifestyle, jewellery, health and beauty, home solutions, and a host of other categories, as well as services like topnotch salons, spas, and wellness centres.

Auditorium

The fact that this property features a fully integrated convention centre with state of the art amenities and a design by one of the best architecture companies in the country, is its strongest USPs. Divided into three segments, this convention centre houses a 1300 seated broadway theatre, a 500 capacity banquet hall and a 500 seater open air amphitheater, making it the most desirable community and social space in the city. From performing arts like musicals to broadway theatres, elite social get-togethers to funky community gatherings, truly formal business functions to big fat Indian weddings, this convention centre is built to transform to any form as needed.

A part of the Prestige Group since 2004, Forum, one of the biggest success stories scripted in the Indian retail sector, is creating the next generation of malls, whose transformative retail experiences are redefining the concept of malls in India. In addition to the Forum at Prestige Falcon City, Forum Rex Walk is also ensuring to upgrade its offerings by launching the first Director’s Cut in Bengaluru. The new Director’s Cut marks the inauguration of the finest luxury cinema in Bengaluru and third of its kind in India. Forum stays committed in providing the best to its modern-day customers and targets to deliver 7mn sq. ft in the next three years.

About Prestige Group: - 

Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management, and Warehouses with operations in more than 12 major locations in India. The Group has completed 271 projects spanning a developable area of 151 mn sqft and has 48 ongoing projects across segments, with a total developable area of 75 mn sqft. Further, it is planning 51 projects spanning 84 mn sqft and holds a land bank of over 375 acres as of Jun-22. The company has been graded CRISIL DA1 CRISIL and also enjoys a credit rating of ICRA A+. 

Sehwag Teams Up With ZEE To Announce Return Of Cricket On ZEE


* The new campaign announces the inaugural season of ILT20 to be held in the UAE and telecast LIVE across 10 ZEE channels and its OTT platform ZEE5

Marking its return to sports broadcasting, ZEE releases an exciting new campaign to announce the inaugural season of ILT20 to be held in UAE starting January 2023. The campaign stars the swashbuckling Virender Sehwag to give a glimpse of the pulsating T20 action in store.

The campaign film takes an irreverent approach in creating anticipation around the ILT20 league in sync with Sehwag’s persona. The film starts with the Nawab of Najafgarh relaxing by the pool when his secretary, played by actor Brijendra Kala, informs him that Zee Cinema has called him regarding a big project. Zee Cinema being an iconic movie destination synonymous with blockbusters like RRR, Sooryavanshi, Radhe, the former World Cup winner is convinced the call is regarding a potential film role and starts talking about how he always knew he had the perfect face for starring in the movies, until Kala reveals that the project ZEE has for him is for a new cricket league, leaving him surprised.

“We are thrilled at the opportunity to engage sports fans, with the return of cricket on ZEE. Our endeavour is to leverage the ZEE movie platforms across languages and deliver a heightened experience to the T20 cricket fan. Our brands understand the passion that drives movie fandom, it’s exciting to see these two worlds of movies and cricket fandom coming together on the Zee movie channels” said Kartik Mahadev, Chief Marketing Officer – Content SBU, ZEE. “The league will be telecast across 10 of our movie channels across 3 languages, engaging with 419 million movie audiences as well as our digital platform Zee5.   To build this new league we have planned a high buzz multi-phase campaign. We are stoked to have Sehwag announce the league, a natural fit as he has captivated millions of fans with his batsmanship as a player and flair as an expert, to build anticipation around the T20 Cricketing action coming up on ZEE”

The campaign film is produced by tiqui-taka and their founder Jigar Fernandes. Catch Sehwag’s comical moment of confusion and the Aha! moment where ZEE lands its message of Cricket frenzy in store for its viewers with the exciting new league ILT20 in the campaign film here: http://bitly.ws/xn75

Jigar Fernandes, founder and creative head, tiqui-taka says, “With Cricket returning to a platform synonymous with movies, masti and magic, Cricket and Cinema came together in a fun brief. It was essential to build awareness around Zee Cinema as the new destination for Cricket. It was cool of Sehwag sir to be such a sport and go along with the joke. He is a natural in front of the camera. Hope to really see him on the ‘bada parda’ someday!”

The 34-match event will have 6 teams competing to win the coveted ILT20 trophy. The tournament will exclusively air LIVE on ZEE’s 10 linear channels in English, Hindi and Tamil languages as well as on its OTT platform ZEE5. The event will be broadcast on Zee Cinema (SD & HD), ZEE Anmol Cinema, ZEE Thirai, ZEE Bangla Cinema, ZEE Zest (SD & HD), & Pictures HD, &Flix (SD & HD) and ZEE5 in India and globally.

You can find all the updates about ILT20 on Zee on their official social media handles:

Facebook - https://www.facebook.com/ilt20onzee

Instagram - https://www.instagram.com/ilt20onzee/

Twitter - https://twitter.com/ilt20onzee

Odisha Aims To Be The Leading Start-Up And Incubator Hub In The Country


Make in Odisha Conclave 2022’, one of the largest investment summits in the country, today began with a plenary session with CXOs and industry leaders. The first day of the conclave witnessed a thematic session hosted by Startup Odisha with the theme ‘Startups’ Paradigm Shift and the road ahead’ that showcased Odisha’s growing startup ecosystem, trends and emerging opportunities in the start-up world. The session touched upon the entrepreneurial culture, economic and business transformation and building of a sustainable and scalable start-up ecosystem. The thematic session was conducted in the presence of Dr. Omkar Rai, Executive Chairman, Startup Odisha, Government of Odisha, and Shri. Saswat Mishra, Principal Secretary, MSME Department, Government of Odisha. Veteran Industry leader Padma Bhushan Shri. Ajai Choudhary, Co-Founder, HCL Technologies and Chairman of taskforce for Electronics – MEITY, Chairman of FICCI Startup Committee was the chief guest of the thematic session. Ms. Nivruti Rai, Country Head, INTEL INDIA graced the inaugural session with her presence as Guest of Honor.

Speaking about the growing start-up ecosystem in the State, Dr. Omkar Rai, Executive Chairman, Startup Odisha, Government of Odisha said, “Make in Odisha Conclave 2022 is the perfect platform for start-ups to interact with investors, mentors and leaders with Startup Odisha playing the role of an enabler, having set up 25 active incubators and supported 1434 start-ups since 2016 of which, 590 start-ups are led by women. We intend to give additional thrust to the startup ecosystem by granting better incentives to prospective entrepreneurs. A Fund-of-Funds scheme has been promulgated by Startup Odisha under which AIFs of national and global repute participated, thereby provisioning an investment of ?950 Crores into state-based Startups. AWE Fund, IAN – Alpha Fund, Gujarat Venture Finance Limited, Unicorn India Ventures, Trillium Venture Capital, SEA Fund and PONTAQ Venture Capital are the participants of this scheme for mobilizing the provisioned investment”.

The valedictory session of the thematic session witnessed the felicitation of Unicorn Founders by Shri. Pratap Keshari Deb, Minister for MSME, and the launch of an impact report and a coffee table book. A total of 5 MoUs and 7 Letters of Intent were signed during the conclave. Startup Yatra Awards were also distributed at the event. The vote of thanks was delivered by Mr. Debashish Patnaik, President TiE Bhubaneshwar.

Air India Resumes Its Most Popular Bengaluru & San Francisco Non-Stop Service Strengthening Its Network From India To The USA


Air India, India’s leading airline and a Star Alliance member, in line with its vision to strengthen and expand its global footprint is resuming its non-stop flight connecting Bengaluru to San Francisco. This will connect the world’s two tech hubs – the original Silicon Valley and the Silicon Valley of India. The flight will operate thrice a week on Fridays, Sundays and Wednesdays with the Boeing 777-200LR aircraft

The first flight AI 175 will leave Bengaluru at 1420 hrs. (Local Time/LT) on 2nd December, 2022, to arrive in San Francisco at 1700 hrs. (LT) on the same day. The first return flight AI 176 will leave San Francisco on 2nd Dec, 2022 at 2100 hrs.(LT) to arrive at Bengaluru on 4th Dec ,2022 at 0425 hrs.(LT)+2.

The direct distance between Bengaluru and San Francisco is 13,993 kms approx. and the cities are diametrically at opposite ends of the world with a time zone change of approx. 13.5 hours. The total flight time on this route will be of more than 17 hours depending on the wind speed on that particular day. The route for this flight will be the safest, fastest and most economical.

This will take Air India’s India-US frequency to 37 non-stop flights per week. At present, Air India operates non-stop flights from Delhi to New York, Newark, Washington DC, San Francisco and Chicago and from Mumbai to Newark. Air India is set to spread its wings further in the United States with the commencement of its first-ever non-stop service between Mumbai and San Francisco and to New York.

For more details visit www.airindia.in Air India booking offices or your travel agent.

About Air India:

Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South-East Asia, Australia and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a Government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart.

Vihaan.AI is Air India’s transformational roadmap over five years with clear milestones.  It will be focussing on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance. The airline will also be taking a leadership position in technology, sustainability, and innovation, while aggressively investing in the best industry talent. Vihaan.AI is aimed at putting Air India on a path to sustained growth, profitability and market leadership.

About the Tata Group:

Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.

In 2021-22, the revenue of Tata companies, taken together, was US $128 billion (INR 9.6 trillion). These companies collectively employ over 935,000 people.

Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $311 billion (INR 23.6 trillion) as on March 31, 2022. Tata Group Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power,  Indian Hotels, Tata Communications, Tata Electronics, Air India and Tata Digital.

Accenture Launches Velocity, A Platform To Help Clients Drive Up To 50% Faster Business Transformation On Amazon Web Services


Accenture (NYSE: ACN) today launched Velocity, a jointly funded and co-developed platform with Amazon Web Services, Inc. (AWS), that optimizes business outcomes up to 50% faster by removing the complexity associated with building and operating enterprise-scale applications and estates in the cloud. 

Velocity allows clients to adopt Accenture and AWS innovations more quickly based on the learnings from thousands of Accenture and AWS projects. Together, these repeatable solutions help clients adopt new AWS services without recreating time-consuming, labor-intensive work and recurring costs at the start of every project. Now, organizations can solve intricate industry-specific challenges to accelerate cloud success. By assimilating learnings from nearly 40 solutions for 16 industries with proven use-case relevance, Velocity also serves as a foundation for an expanded set of new, co-developed industry solutions.

“Last year, we announced a five-year vision with AWS to take companies further, faster in an era of compressed transformation. This year, we are delivering on a major step in our five-year investment to help our clients to grow and innovate across the cloud continuum for total business reinvention,” said Karthik Narain, global lead of Accenture Cloud First. “Velocity will bring AWS-powered industry, cross-industry, and technology solutions to market faster, with more repeatability and at a lower cost. It’s the essence of innovation powered by the shared experiences of Accenture and AWS.”

“For years, Accenture and AWS have collaborated to combine our shared resources, technical capabilities, and industry knowledge to help customers unlock innovation, drive business value, and support growth through cloud adoption and transformation,” said Matt Garman, senior vice president of sales, marketing and global services at AWS. “Velocity marks the next step in our collaboration as we continue to deliver innovation and industry-specific offerings that help customers move to the cloud faster than ever before.”

Vodafone, a British multinational telecommunications company, worked with Accenture and AWS to move its digital business to the cloud and adopt a DevOps model, supported by serverless architecture and containerization on AWS. 

“We remain focused on upgrading the customer experience iteratively and endlessly. Our work with Accenture and AWS has enabled Vodafone to not only scale seamlessly as consumer demand ebbs and flows but also deliver constant, incremental improvements at pace,” said Ben Connolly, head of Cloud Engineering & UK Digital Engineering at Vodafone.  

Available on a subscription basis, Velocity provides clients with cost-effective access to innovative features, including:

A Technology Fabric – Velocity’s pre-built and self-renewing capabilities with a growing library of design patterns quickly create enterprise-scale, cloud-first environments based on specific business imperatives, including a secure cloud foundation, a data platform and application building blocks.

Accelerators – Industry, technical and independent software vendor (ISV) partner solutions snap into Velocity’s Fabric as patterns and blocks of deployable code with automation, including pre-integration features optimized for the expanding suite of Amazon business solutions.

Activators – Powered by joint Accenture and AWS delivery teams, strong ISV partnerships and rapid prototyping, Velocity Activators ease technology and talent hurdles with a comprehensive set of assets, methodologies and processes. Accenture’s 27,000 AWS cloud specialists, who hold 34,000 AWS certifications, accelerate transformation by ideating, incubating and scaling for global impact.

Industry Solutions Powered by Velocity

Velocity arrives at a time when enterprises are migrating to the cloud under tremendous time and cost pressures to capture and grow market share. Accenture and AWS plan to expand their portfolio of differentiated solutions across industries to accelerate innovation powered by Velocity.

Ecopetrol, the largest company in Colombia and a leading integrated energy company in the Americas, recently launched a first-of-its-kind solution for water intelligence and management with Accenture and AWS using Velocity — a prime example of an industry solution that will help advance sustainability and operational efficiencies for other energy companies.

“By working with Accenture and AWS, we plan to create the world’s first water intelligence and management solution, putting us on a path to achieve water neutrality. We now have Accenture industry insights and leading cloud capabilities from AWS,” said Ernesto Gutiérrez de Piñeres, chief science, technology and innovation officer at Ecopetrol. “The Velocity platform will play a key role in accelerating our TESG (technology, environmental, social and governance) agenda, including our goals of reducing 66% of fresh water captured and zero discharges to surface water by 2045, improving the environment for the communities where we operate.”

Accenture’s unique collaboration with AWS continues to garner market recognition. Accenture was recently named a Leader in the 2022 Everest Group PEAK Matrix® for System Integration (SI) Capabilities on AWS. Accenture was recognized as the Global System Integrator (GSI) Partner of the Year at AWS re:Invent 2022 and is the recipient of nearly a dozen AWS awards this year.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 721,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

Companies With Highly Interoperable Technology Achieve Six Times Higher Revenue Growth, According To New Accenture Research


New research from Accenture (NYSE: ACN) finds that companies with highly interoperable enterprise applications gain greater agility to thrive amid uncertainty and achieve stronger financial performance. Last year, companies with high interoperability – which consist of one in three companies surveyed (34%) – grew revenue six times faster than their peers with low interoperability, and they are poised to unlock an additional five percentage points in annual revenue growth. 

For the report, Value Untangled: Accelerating radical growth through interoperability, Accenture surveyed more than 4,000 C-suite executives across 19 industries in 23 countries. It found that in the last two years alone, one in two companies (49%) adopted new technology and transformed their business faster than ever, with 40% transforming multiple parts of their business at the same time. High interoperability helps these companies achieve the agility they need to undergo compressed transformation. By using applications that easily interact with each other to enable data sharing, greater transparency and quality human connections, organizations can pivot more quickly and take advantage of new opportunities.  

“While the concept of interoperability isn’t new, the technology to make it possible in a timely and cost-effective way is finally putting it within reach for most enterprises,” said Emma McGuigan, senior managing director and Enterprise & Industry Technologies lead at Accenture. “To compress transformation from years to months, or even days, everything must be integrated and interoperable. One in three companies have prioritized this level of agility and are untangling value to race past their competitors in revenue growth, efficiency and resiliency by using interoperability to spark total enterprise reinvention.” 

Companies with high interoperability benefit not only from stronger financial performance but they are also 12 percentage points better at improving their supply chain and operations; 16 percentage points better at reinventing customer experience; 12 percentage points more successful at improving employee productivity; 4 percentage points more successful at embracing sustainable business practices; and 11 percentage points more likely to sustain compressed transformations.?? 

Leading companies with high interoperability achieve profitable growth by allocating just 2-4% more of their IT and functional budgets to applications, while handling as many, if not more, diverse applications within their IT stack. Most enterprises now have more than 500 applications, with eight out of ten (82%) saying they will continue to expand their application footprint, making an interoperable approach even more important. At the same time, 66% say that the number of applications and their associated technical complexities are a barrier to reaching interoperability. Those that are successful make high interoperability central to their overall business and technology strategy.?? 

The report recommends three actions for companies aspiring to improve interoperability: 

Leverage the cloud – A fundamental interoperability enabler, cloud is now ubiquitous. Companies that successfully improve their interoperability start by moving existing applications to the cloud and investing in new, cloud-based enterprise applications. But more importantly, they use the cloud to connect data and experiences across applications, creating one version of truth for the enterprise. Our research found that nearly 72% of companies with high/medium interoperability adopted public cloud and have already migrated 30% of their data and workloads. Only 60% of low/no interoperability companies have adopted public cloud, a 12% lag. 

Utilize composable tech – Using proven, repeatable solutions that can be configured and reconfigured at speed to address changing business needs, known as composable technology, builds flexibility into the heart of organizations. This allows enterprises to cope with the effects of disruption through faster, better and cheaper transformation.?It requires shifting from a technology architecture of static, standalone parts to one of composable pieces. By using prebuilt, interoperable solutions to swap and plug-and-play smaller application components, new solutions can be created without wider disruption. 

Focus on meaningful collaboration – Interoperable applications are only one part of the equation. Interoperability can enable meaningful collaboration by allowing functions and people to work together seamlessly toward a common goal. They can use real-time data, analytics and AI, together with new ways of working, to unlock the value of technology, empower people and achieve better outcomes. This collaborative culture comes from the top: more than one fourth (27%) of executives consider lack of collaboration across business functions as a top challenge caused by low/no interoperability. Leadership can amplify collaboration by drawing up broad use cases for new interoperable applications and challenging employees across functions to solve them as a team. 

To read the full Value Untangled: Accelerating radical growth through interoperability report visit www.accenture.com/value-untangled.

The report can also be explored in Accenture Foresight, a new thought leadership app that provides a personalized feed of Accenture’s latest reports, case studies, blogs, interactive data charts, podcasts and more. Visit http://www.accenture.com/foresight. 

About the Research 

In the first half of 2022, Accenture research surveyed 4,053 C-level executives across 19 industries in 23 countries. The survey collected data on technology ecosystem footprint, business landscape and financial and operational performance via multiple measures. Findings were supplemented with 25 in-depth interviews and 40 case studies, as well as secondary research, interviews and case study analysis to understand issues organizations are facing on their multi-ecosystem journey and the evolution of the multi-ecosystem world.  

About Accenture 

Accenture is a global professional services company with leading capabilities in digital, cloud, and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 721,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. Visit us at?accenture.com. 

Air India Graduates Its Maiden Batch Of Cabin Crew Trainees And Significant Batch Of Pilots Since Privatisation


Air India, India’s leading airline and a Star Alliance member, announced that its maiden batch of cabin crew trainees and significant batch of new pilots since privatisation, have graduated.

The batch of 215 cabin crew and 48 pilots, all Indian nationals, received their wings following extensive training, and are now cleared to operate as fully-qualified crew.

Selected from more than 13,000 candidates from around the country, the cabin crew trainees passed through a 15-week programme imparting safety and service skills, and were coached to exemplify the best of Indian hospitality and Tata group culture. The training program included extensive classroom and in-flight training at the airline’s training facility in Mumbai as well as familiarisation flights.

The new pilots, comprising 40 men and 08 women, completed their training at Air India’s Hyderabad training campus, and will commence operating on the Airbus A320 fleet.  Besides the two graduating batches, more than 59 new pilots are in various stages of training to support the airline’s ambitious growth plan.

Commenting on the development, Mr. Campbell Wilson, CEO & Managing Director, Air India, said, “We are delighted to welcome these new Air Indians to the team, handpicked from India’s growing pool of talent.  Air India is hiring across all business areas, and from all parts of the country, to support our transformation and ambitions growth plans.  Attracting and developing enthusiastic and capable people is an important and crucial part of our Vihaan.AI transformation program”

The reinforcement in the cabin crew will support the continued expansion of network and fleet at Air India. The company has raised the frequency of flights between key cities on the domestic sector and has also announced direct flights between Indian cities and key global destinations like Doha, San Francisco, Vancouver, and Birmingham. Further, Air India is set to commence direct flights from Delhi to key European cities like Milan, Vienna and Copenhagen, and from Mumbai to New York, Paris and Frankfurt.

About Air India:

Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South-East Asia, Australia and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a Government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart.

Vihaan.AI is Air India’s transformational roadmap over five years with clear milestones.  It will be focussing on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance. The airline will also be taking a leadership position in technology, sustainability, and innovation, while aggressively investing in the best industry talent. Vihaan.AI is aimed at putting Air India on a path to sustained growth, profitability and market leadership.

About the Tata Group:

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture. In 2020-21, the revenue of Tata companies, taken together, was $103 billion (INR 7.7 trillion). These companies collectively employ over 800,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $314 billion (INR 23.4 trillion) as on December 31, 2021. Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Tata Communications, Indian Hotels, Tata Digital and Tata Electronics.

Zoom Abroad Education Academy Launches 2+1 Business Management programme; Offers Students To Complete Final Year In UK

 


·       Bill Rammell, former UK Higher Education Minister and UK Vice Chancellor leads Zoom Abroad Education Academy

Zoom Abroad Education Academy, a UK-based EdTech company today announced the launch of its 2+1 programme in India. This is a credit transfer programme for international students to get direct entry to the final year of Undergraduate courses in UK Universities by achieving the required qualifications and credit via Zoom Abroad’s blended courses. This course is designed to make international education more affordable, accessible and an easy to go-to solution for every student. 

The program offers a UK degree qualification at 40% of the cost of a traditional 3-year degree at a UK university. In addition, Zoom Abroad Education Academy will also provide a personalized counsellor, course guidance, profile building, alumni mentorship, and assistance with documentation, finance, and visa as well. The programme also provides 2 weeks internships in Dubai and Singapore at no additional cost to the student.

Mr. Bill Rammell, former UK Higher Education Minister and UK Vice Chancellor, who leads Zoom Abroad Education Academy inaugurated the programme in India and commented, "Zoom Abroad Academy is driven by a passionate desire to widen access for Indian students to UK Universities, making it more affordable and achievable for those students currently excluded by cost and distance. Our 2 plus 1 program open the door to opportunity and career development for so many more Indian students, enabling them to access UK Higher Education at 40% of the traditional cost. Our 2 plus 1 program can be accessed on a blended basis directly in partnership with one of our Indian College or University partners. In opening up access to UK Universities for more Indian students, this is both good for the student and good for Indian Society and its economy."

Students who will be a part of this programme will be able to avail the same benefits as students studying in UK including post-study work visa for 2 years.

The United Kingdom has some of the world's top universities and is second only to the US as a destination for overseas students, offering students a wide range of subjects to study. With world-class degrees to help students prepare and succeed in their career, the UK's acclaimed educational system is capable of changing lives. 

Website: www.academy.zoomabroad.com

About Zoom Abroad Education Academy

Zoom Abroad Education Academy is a UK-based EdTech company with a mission to democratise international education. Zoom Broad’s academic programmes are created to deliver accredited qualifications in a practical, gamified and career focussed approach.  The core value proposition of the organization is to open the doors of quality international education and global exposure in affordable cost. 

Founded in 2017 in London, United Kingdom by Abhishek Nakhate, Zoom Abroad Online has been consciously designed to connect each student with the right advisor who can handhold and guide the student to unlock its full potential by finding the best option for study and work abroad.

YES Bank Participates In RBI’s Pilot Launch Of Its Digital Currency - Digital Rupee


Key Features of CBDC:

Digital currency is issued with similar features and denominations as cash

Legal tender backed by RBI directly, hence highest level of trust

Token based, hence instant settlement and delivers finality to the transaction

Provides better anonymity than traditional digital money

Carrying cash is bulky but no restrictions on holding CBDC

YES BANK today announced participation in the first pilot of the Digital Rupee (e?), a new form of currency launched by the Reserve Bank of India (RBI).  Digital Rupee (e?) is a legal tender, similar to the sovereign paper currency, and is issued in digital form by the RBI.

The Bank today rolled out the RBI’s Central Bank Digital Currency (CBDC) for its closed user group (CUG), comprising its retail customers and merchants. YES BANK is one amongst the four banks identified by the RBI under the first pilot of its digital currency (e?) for the retail market.

The project is in alignment with RBIs focus on creating a digitally powered economy, with an aim to reduce dependence on cash by introducing a digital version of cash with similar features. This will also help reduce the expenditure incurred by RBI on printing and maintenance of currency, while help to avoid counterfeiting.

Commenting on the development, Mr. Prashant Kumar, MD & CEO, YES BANK said, “At YES BANK, it has been our constant endeavour to provide customers with a differentiated banking experience by leveraging our best-in-class technology infrastructure, as well as our inherent capability to innovate. The RBI’s decision to introduce its Digital Currency is certainly a momentous one, that bodes well with their overall objective of building a digitally powered economy.  It is indeed a matter of immense pride for us to have been selected by the RBI for participating in both strategic CBDC pilot projects (Wholesale and Retail), and we believe that the ecosystem of regulator, banks and fintechs will continue to foster more innovation on the back of CBDC, to support the Government and RBI’s vision of Digital India..

During the pilot phase, access to the YES BANK Digital Rupee app will be given to select retail customers of YES BANK who will be a part of the CUG. This will provide customers a glimpse of the future of digital currency in India. Customers can transact in Digital Rupee using a convenient and safe digital wallet offered by YES BANK. The Digital Rupee wallet will be like a physical wallet, but in digital form that will be available for download on smartphones with an Android OS. Customers can use the Digital Rupee wallet to make payments to merchants and individuals, who are part of the CUG pilot. Payments to merchants can be made through a unique QR code displayed at respective merchant touchpoints. To participate in this digital payment journey and activate their wallet, the select few customers will have to download the YES BANK Digital Rupee wallet using the web link that will be provided by the Bank.

About YES BANK

YES BANK is a 'Full Service Commercial 'Bank' providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES, a wholly owned subsidiary of the Bank. Headquartered in Mumbai, it has a pan-India presence including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

Essar Pledges To Make Substantial Investment In The State Of Odisha


•      Mr. Prashant Ruia attends the ‘Make In Odisha Conclave’22 and outlines Essar’s investment plans in Odisha

•      To invest in a Pelletizing Complex and Crude to Petrochemical complex

Mr. Prashant Ruia, Director, Essar Capital today attended the third edition of the Make in Odisha Conclave’22 and outlined Essar’s investment plans in the state of Odisha. Mr. Ruia was present along with other business leaders and dignitaries at the flagship investor summit of the Government of Odisha, which was inaugurated by the Hon'ble Chief Minister of Odisha, Shri Naveen Patnaik.

Essar has plans of setting up several projects in the state of Odisha. These include setting up a 14 MTPA export oriented Pelletizing Complex at an investment of Rs.12,000 Crore, which comprises of an iron ore fines Beneficiation Plant at Keonjhar, a Pellet Plant at Paradip port and 250 KM slurry pipeline.

Apart from these, Essar in partnership with an international player, also proposes to develop 7.5 MMTPA Crude to Petrochemical Complex (CTC) involving an investment of approx Rs 40,000 crore.

Speaking during the conclave, Mr. Prashant Ruia, Director, Essar Capital said, “Essar has had a long association with Odisha spanning over two decades. Under the dynamic leadership of Shri Naveen Patnaik, Hon. Chief Minister, Odisha is witnessing double digit growth and impressive industrial and social development. This has been made possible by the numerous reforms undertaken by the State and also by creating a conducive environment for rapid, broad-based and, inclusive economic growth”.

“Essar’s pioneering investment in setting up a 12 MTPA iron ore pellet plant and a 260 km slurry pipeline to Paradip in 2009, was instrumental in Odisha realising its potential and becoming the national leader in the minerals and mining sector. Essar is once again poised for making significant fresh investments in Odisha in the sectors of metals and mining and energy, with the state being one of the most attractive destinations”, continued Mr. Ruia.

Over the years, Essar has developed over 2 lakh crore of green field projects across India. Given its vast experience, Essar has now chosen Odisha as its preferred location for these prestigious projects.

“The progressive and dynamic approach of the Government of Odisha, led by Shri Naveen Patnaikji, towards developing the State ensures full support, quick clearances and speedy practical solutions to any challenges that investors may encounter”, added Mr. Ruia.

Essar recently concluded its asset monetisation programme and completed the debt repayment of $25 billion (?2,00,000 crore) effectively making the group debt-free from Indian banks and financial institutions. The company is now looking at reinvesting in building new assets and strengthening their existing operations both in India and overseas, with more efficient, latest and carbon neutral new-age technologies.

About Essar Capital:

Essar Capital Limited (“Essar Capital”) is the investment manager of Essar Global Fund Limited (“EGFL”). It monitors and manages the entire portfolio of investments owned by EGFL.

EGFL is a global investor, owning a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure & logistics (comprising Ports, Stanlow Terminals and Projects), Metals & Mining, Technology & Retail (comprising Shipping, Oilfield services, Technology Solutions, Device protection and Customer experience). EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses. The portfolio companies have aggregate revenues of about USD 15 billion and employ over 7,000 people.

Brookfields Properties India Advances Its Net Zero Target By 10 Years To 2040


* Launches its first ESG Report

Accelerating the transition to a zero-carbon economy to ensure that its portfolio aligns with climate action best practices, Brookfield Properties India has advanced its commitment to reach Net Zero greenhouse gas (GHG) emissions by 10 years to 2040 in the India properties.                        

In its inaugural ESG report unveiled today, the company presents detailed insights on its ESG principles for developing a resilient business.

With its robust ESG framework, Brookfield Properties has undertaken sincere efforts to measure and proactively manage energy and water use, waste, and GHG emissions across its portfolio in India, to align with UN Sustainable Development Goals (SDGs) and GRI reporting framework.

Expressing his views on the report, Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield Properties India said, “Our ESG strategy is centered on business resilience and creating value for the entire ecosystem in which we operate. In line with our commitment, all our campuses focus on energy efficiency, reducing water consumption, promoting recycling, and improving indoor air quality - providing occupants with a healthy working environment. The company’s robust governance framework is instrumental in mitigating risk, ensuring transparency, focusing on sustainable solutions, empowering people, and building trust.  We are committed to practices that have a positive impact on the environment and the communities. With these measures in place, we have advanced our Net Zero target by 10 years across our entire portfolio of 50 million square feet in India.”

“Our marquee office campuses are the workplace addresses for 450+ Fortune 500 tenants and more than 4M people.  Brookfield Properties is committed to the integration of ESG practices in its operations across its portfolio in India. For instance, Kensington (in Downtown Powai), a marquee asset in Brookfield Properties India portfolio is now operating with 100% green power for its common areas through Renewable Energy Guarantee of Origin (REGO) certificates. Ecoworld, Bengaluru, has received India’s first Net Zero Waste Platinum campus certification by IGBC for recycling over 96% of waste. The Brookfield India Real Estate Trust was recognized as Sector Leader by GRESB for Sustainable Office Development in Asia and received a score of 90/100 and a 5-star rating in the first year of submission.” 

Brookfield Properties has committed to carbon reduction targets approved by the Science Based Targets initiative (SBTi) by FY2023 along a 1.5 degrees C global warming scenario. To achieve the targets, the company has committed to reaching the following interim targets by 2025 from a 2019 baseline: 

·         Reduce greenhouse gas emissions, energy and water consumption in new and existing buildings

o   10% reduction in energy consumption

o   10% reduction in GHG emissions

o   10% reduction in water consumption

·         Improve waste diversions at their assets

o   90% of waste diversions from landfill

·         To achieve net zero by 2040 or sooner

o   Increase renewable energy use to 30%

o   Sustainable Building certifications for 95% of the portfolio

o   Ensuring environmental data monitoring for 100% of the portfolio

The report has been externally verified by TUV SUD South Asia Pvt. Ltd. under the Global Reporting Initiative (GRI) Standards 2016 and AA1000 Assurance Standard. 

The Brookfield Properties ESG Report is available online at www.brookfieldproperties.com/en/our-approach/sustainability.html

About Brookfield Properties:

Brookfield Properties is a leading global developer and operator of high-quality real estate assets. We are active in nearly all real estate sectors, including office, retail, multifamily, hospitality, and logistics, operating more than 800 properties and over 330 million square feet of real estate in gateway markets on behalf of Brookfield Asset Management, one of the largest asset managers in the world. With a focus on sustainability, a commitment to excellence, and the drive for relentless innovation in the planning, development, and management of buildings and their surroundings, Brookfield Properties is reimagining real estate from the ground up.

In India, Brookfield Properties manages over 50 million square feet of high-quality assets across 8 key gateway cities of which 38.3 million square feet are already operational. Some of the marquee assets in its portfolio include Candor TechSpace in Gurugram, Noida and Kolkata; Worldmark in Delhi and Gurugram; Downtown Powai and Equinox in Mumbai; Ecoworld and Ecospace in Bengaluru; and CoWrks, a leading co-working and flexi office business across India.

For more information about our approach to operating and developing best-in-class real estate, visit www.brookfieldproperties.com

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