Helios Launches Italian luxury watchmaker U-BOAT; Eyes 45% Festive Growth

Helios, India's largest premium watch retailer from Titan Company Ltd. announces the expansion of its international portfolio, by introducing U-BOAT, the renowned Italian premium watchmaker, to the Indian market through a partnership. This addition to Helios’ portfolio ahead of the festive season is poised to contribute an expected 45% growth in revenue. Renowned for its masculine designs and Tuscan craftsmanship, U-BOAT is set to enchant Indian watch enthusiasts with its unique style. Joining the ranks of over forty prestigious global brands at Helios, U-BOAT is set to bring its unparalleled design and innovation to the forefront of premium timepieces in India.

This launch seamlessly aligns with the upcoming festive season, which is poised to delight the consumers. According to a Deloitte report, about 40 percent of the consumers choose watches as gifts, especially during the festive season. The growing demand for premium timepieces is fueled not only by their status as symbols of elegance and prestige but also by their deep cultural significance, especially in markets like India where brand image holds considerable importance. The ease of online shopping and the perception of watches as meaningful, lasting gifts further boost this trend.

Amidst the vibrant celebrations, U-BOAT watches stand out for their bold designs and Swiss movements, creating timepieces that exude power, perfect for individuals with strong personalities and leadership qualities. Known for its innovation and craftsmanship, U-BOAT utilizes advanced materials such as Carbon Fibre, Titanium T5, Sterling Silver, and Bronze. The brand is also celebrated for its pioneering features like the crystal sapphire red glass with a matte effect and patented systems including the safe hook locking crown and crown release button. The Darkmoon collection, the brand’s most popular, features a watch fully immersed in a silicone-based oil bath that magnifies the dial and ensures perfect visibility from any angle, complemented by a distinctive dome-shaped sapphire crystal.

With the introduction of 41 SKU’s by U-BOAT into the Indian market, Helios has further solidified its position as the premier destination for international premium watch brands in India. With its extensive network of 240 stores, Helios underscores its commitment to offering discerning Indian consumers an unparalleled selection of the world’s most prestigious timepieces and provides a strategic gateway for international brands looking to enter and thrive in the burgeoning Indian market.

Speaking on the launch of the brand, Mr. Rahul Shukla, Vice President and Chief Sales and Marketing Officer, Watches and Wearables, Titan Company Ltd. said, “We are delighted to introduce U-BOAT to our discerning Indian clientele through Helios. This launch marks a significant milestone for us, aligning perfectly with the surging demand for premium and innovative timepieces in India. As Helios advances its expansion strategy, the launch of U-BOAT signifies the beginning of its efforts to introduce a diverse array of esteemed international premium brands to India. This launch, perfectly timed with the festive season, offers an exciting opportunity for consumers to indulge in exceptional luxury and celebrate in style. We are confident that this launch will resonate strongly with those looking for a standout timepiece specially during this time of year.”

Speaking on the launch, Mr. Italo Fontana, Founder and Owner, U-BOAT said, “India’s rich traditions and dynamic personalities align perfectly with the spirit of U-BOAT. We are excited to introduce our watches to this vibrant market through our partnership with Helios. Our shared vision and values with the Tata Group led us to form this partnership, which has already proven successful both professionally and personally. We aim to position U-BOAT as a leading name in premium watches, recognized for its unique Italian design, exceptional materials, and superior quality.”

Starting at INR 1,22,500, these SKU’s by U-BOAT will be available at 11 marquee Helios stores in Mumbai, Bengaluru, Delhi, Hyderabad & Kolkata.

Karnataka Leads With 9 Young Competitors At WorldSkills 2024 In France: Second Highest Representation From Any Indian State

*      Out of the 60-member Indian team, 9 competitors proudly represent Karnataka

*      Showcasing skills across Additive Manufacturing, Industrial Control, CAD and others

*      Team India is the fourth largest contingent at WorldSkills 2024 in Lyon, France.

*      The Indian team will showcase their skills in 52 different categories.

As the young Team India showcases their talents at WorldSkills 2024 in Lyon, France, the state of Karnataka stands out by contributing the second highest number of competitors, with 9 individuals excelling across various skills. The participants from Karnataka are competing against 1300+ competitors from 70 nations in various skills such as Additive Manufacturing, Industrial Control, Manufacturing Team Challenge, Mechanical Engineering CAD, Cooking, Mechatronics.

Karnataka’s Outstanding Candidates At WorldSkills 2024 Highlight The State's Expanding Talent Pool On A Global Stage

Harshavardhan Vk from Sangli, Maharashtra, is a talented cooking enthusiast. He honed his culinary skills at home and pursued formal education at Nalanda School and Sharada University in Mangaluru, Karnataka. Harshavardhan's positive and cheerful attitude shines through in his cooking. His mentor, chef Thirugnanasambantham Kuppuswamy, the principal of Welcomgroup Graduate School of Hotel Administration (WGSHA), is known for his calm demeanour and expertise. The chef’s ability to guide and teach with great emphasis on detail has been instrumental in shaping Harshavardhan's journey, making him a great influence in Harshavardhan's cooking career.

Joethir Adithya K R is a talented young individual from Chennai specializing in Hotel Reception. He attended Sri Kumaran Public School in Bengaluru, Karnataka, and later continued his education at Delhi Public School, Bengaluru South. Joethir is deeply committed to providing the best customer experience, a passion that was sparked during a family vacation where he was captivated by how hotel staff made their stay memorable. Initially interested in Food and Beverage from a young age, his experiences in the hospitality industry led him to realize his true passion for the front office function at the hotel reception. The ability to create a welcoming atmosphere and manage diverse situations drew him towards this career path. His preparatory journey has been both challenging and rewarding, especially as he gears up for WorldSkills 2024. Joethir's training at The Leela Ambience Convention Hotel in Delhi has provided him with invaluable real-time guest interactions and practical experience, essential for both the competition and his future career. Joethir attributes much of his progress to his mentor, Aagman Baury, a seasoned professional in the industry. Mr. Baury's kind nature and positive outlook have been a constant source of motivation for Joethir, helping him stay focused and manage stress throughout this journey. Joethir expresses deep gratitude for Mr. Baury's guidance, which has made this experience both enjoyable and enriching.

Mohith M U from Karnataka is a dedicated participant in the Manufacturing Team Challenge. He completed his schooling from Morarji Desai Residential School in Alur Siddapura, Karnataka, and is currently studying at Toyota Technical Training Institute in Bangalore, Karnataka. Describing himself as an eager learner, Maluganahalli's journey took a significant turn when he joined Toyota, where he discovered the importance of combining learning with skill development. This realization motivated him to strive for excellence, not only for personal growth but also to bring a medal home for India in the WorldSkills competition. As a team participant, Maluganahalli is committed to continuous practice, with the shared goal of achieving success at the global level. He is guided by Dinesh, who plays a crucial role in his training. Dinesh provides consistent guidance and maintains daily interactions with Maluganahalli, ensuring that he and his team are well-prepared for the challenges ahead.

Watching Team India’s overall performance, Shri Jayant Chaudhary, Minister of State (I/C), Ministry of Skill Development and Entrepreneurship said, "As we witness the remarkable performances of our Indian contingent at WorldSkills 2024, I am filled with immense pride. Having visited their booths and seen their dedication first hand, I can attest to their hard work and passion. Our young boys and girls are truly making the country proud. I am confident that we will not only excel but also elevate skilling as an aspirational value in our nation. Together, we are poised to achieve greatness and bring home victory."

Acknowledging the sentiment and positioning the government’s vision, Shri Atul Kumar Tiwari, Secretary, MSDE said, “Our Honourable Prime Minister’s vision is to make India the skill capital of the world and this can only happen when we make skilling aspirational. This is the reason why we are participating in the WorldSkills competition. Our competitors face off against 70 nations in 52 skills, with India sending the fourth largest contingent here. Our team has been prepared and trained by our industry partners and I’m sure they will bring laurels for the nation.”

Ministry of Skill Development & Entrepreneurship (MSDE) organises the IndiaSkills Competition to identify and train candidates who will represent India at the World Skills Competition. Karnataka leads the second highest contingent at the national competition in the IndiaSkills 2024, marking a significant achievement for the state.

The state's participants stood out among 900 contestants from across India, competing in 6 different skills including Additive Manufacturing, Industrial Control, Manufacturing Team Challenge, Mechanical Engineering CAD, Cooking, Mechatronics. 

IIIT-B And RBIH Partner To Revolutionize Fintech Innovation In India

International Institute of Information Technology Bengaluru Innovation Centre (IIIT-B IC) and the Reserve Bank Innovation Hub (RBIH) are pleased to announce the signing of a Memorandum of Understanding (MoU) to foster innovation and growth in the Fintech sector. This collaboration aims to create a unified and robust ecosystem that accelerates the growth of financial technology through innovation, research, and support for startups.

The MoU signing was held at the RBIH Office in Bengaluru, where leaders from both organizations, Dr. Lakshmi Jagannathan, CEO, IIIT-B IC and Mr. Aakarsh Naidu, Head of Fintech and Startups, RBIH, gathered to mark this pivotal moment. The MoU formalizes the partnership between IIIT-B IC and RBIH, combining their strengths to create a robust ecosystem for Fintech development. This agreement represents a shared commitment to enhancing the Fintech landscape, providing valuable resources, and fostering a culture of innovation.

Prof. Debabrata Das, Director IIIT Bangalore emphasized the importance of this MOU and opined that with the financial domain expertise of RBI coupled with the deeptech expertise of IIIT-B, fintech as well this initiative will be a clear differentiator.

Dr. Lakshmi Jagannathan, CEO of IIIT-B-IC, highlighted that this is a unique opportunity to strengthen the Fintech Innovation and Startup Ecosystem and IIITBIC is keen to lead from the front.

Mr. Rajesh Bansal, CEO of Reserve Bank Innovation Hub (RBIH) said “by leveraging IIIT-B’s and RBIH’s expertise in technology, innovation and research, we take a step towards creating a future-ready fintech ecosystem. This partnership is a testament to our shared commitment to driving impactful fintech solutions that meet the evolving needs of India’s diverse population and strengthen financial inclusion across the country.”

About IIIT-B and IIIT-B IC

The International Institute of Information Technology Bangalore (IIIT-B), recognized for its excellence in academia, innovation, and societal contributions, has long been a leader in fostering technological advancements. Through its independent Section 8 company, IIIT-B IC Innovation Centre (IIIT-B IC IC), the institute has spearheaded innovation and entrepreneurship for nearly two decades. With a specialized focus on the deep tech sector, IIIT-B IC IC provides a nurturing ecosystem for startups, supporting cutting-edge research and technology development. The centre continues to play a pivotal role in driving breakthrough innovations that address critical challenges across industries.

About RBIH

RBIH is a wholly-owned subsidiary of the Reserve Bank of India, set up to promote and facilitate an environment that accelerates innovation across the financial sector. RBIH intends to foster and evangelize innovation across the financial sector to enable “Frictionless Finance for a Billion Indians”. To do so, RBIH serves to enable synergy between technology companies, banks, non-banking financial companies, fintech, academia, and investors through three pillars of focus – Product innovation, Process innovation, and Policy innovation, spearheaded by technology.

"Fostering Academia And Industry Partnerships – The Way Ahead: IIM Jammu Hosts Roundtable Conference & Alumni Meet At Bengalaru"

The Indian Institute of Management (IIM) Jammu successfully hosted the Roundtable Conference at Hotel Trinity, Whitefield, Bengaluru, focusing on the theme "Fostering Academia and Industry Partnership: The Way Ahead." The event aimed to bridge the gap between academia and industry, fostering collaboration to address current challenges and future opportunities in the corporate world. The event was graced by Prof. B.S. Sahay, Director, IIM Jammu. The event featured Industry Stalwarts from the leading conglomerates.

The conference featured three insightful panel discussions, each addressing critical aspects of the industry-academia partnership. The first panel, titled Cultivating Industry-Ready Leaders for Long-Term Employability, explored the strategies and practices necessary for preparing graduates to meet the demands of a rapidly changing global industry. The discussion centered on the importance of adaptability, leadership qualities, and practical expertise in ensuring long-term career success.The second panel, Navigating the Future of Work: Integrating AI, Ethical Practices, and Human-Centric Skills, delved into the future of work, highlighting the need to integrate artificial intelligence, ethical considerations, and human-centric skills in the workplace. This discussion emphasized the role of ethical practices in driving meaningful change and the importance of aligning career goals with broader societal and environmental objectives.The third and final panel, Leadership in Digital Transformation, focused on the critical role of leadership in guiding organizations through digital transformation. The conversation underscored the need for visionary leadership, strategic decision-making, and fostering a culture of continuous learning to successfully navigate technological advancements.

The event culminated with the national anthem, followed by lunch and networking sessions, providing attendees with the opportunity to forge new connections and explore potential collaborations. In the evening, the Alumni Committee of IIM Jammu hosted a vibrant Alumni Meet at Hotel Trinity, Whitefield, Bengalaru. The event was graced by Prof. B.S. Sahay, Director, IIM Jammu, who addressed the gathering, highlighting the importance of a strong and connected alumni network. Dr. Rashmi Ranjan Parida and Dr. Garima Saini were also present, contributing to the engaging discussions. The alumni shared valuable insights on strengthening the network and were updated on the latest developments at IIM Jammu. The evening concluded on a positive note with dinner.

IIM Jammu continues to strengthen its ties with the industry, ensuring that its academic programs remain relevant and responsive to the needs of the corporate world. The Bengalaru Roundtable Conference is yet another step in IIM Jammu's commitment to fostering a dynamic and mutually beneficial relationship between academia and industry. The Indian Institute of Management Jammu remains committed to fostering strong academia-industry partnerships that contribute to the holistic development of future leaders and managers.

Turkish Airlines Received Three Financing Awards From ‘Airline Economics’.

Flag carrier brand received the "European Supported Finance Deal of the Year" and "European Overall Deal of the Year" awards while Turkish Airlines’ Member of the Board and the Executive Committee and Chief Financial Officer (CFO), Assoc. Prof. Murat ?eker won the "European CFO of the Year" award at the ceremony held by "Airline Economics" in London on 9th September.

Flying to more countries than any other airline, Turkish Airlines is able to extend its financier base geographically by taking advantage of cost efficiency while minimizing currency risks thanks to its diversified revenue structure. Recent addition of a new currency to its financing portfolio with the financing of three Airbus A350 aircraft in Chinese Yuan by AVIC International Leasing and CCB Financial Leasing was deemed worthy of “European Overall Deal of the Year” award.

Furthermore, Turkish Airlines’ financing of two Airbus A350 aircraft with an ECA guaranteed JOLCO structure in Japanese Yen provided by BNP Paribas & Citibank and NTT TC Leasing consortium received "European Supported Finance Deal of the Year" award, showing the airline’s well-established position in the Japanese market since 2007.

Turkish Airlines’ Member of the Board and the Executive Committee, and Chief Financial Officer (CFO), Assoc. Prof. Murat ?eker, was awarded with title of “European CFO of the Year.” This recognition underscores his financial leadership, strategic vision, and deep expertise, which have been central to Turkish Airlines’ sustained growth and success over many years. Assoc. Prof. ?eker’s contributions have not only strengthened the Turkish Airline’s financial health but also have supported its strategic initiatives, enabling the airline to excel in a competitive and volatile market environment. Starting his tenure as CFO of Turkish Airlines in 2016, he has been critical in optimizing financial operations, managing risks, and implementing forward-thinking strategies that have helped the company to achieve significant milestones and maintain its competitive edge on the global stage.

Representing the national flag carrier at the awards ceremony, Assoc. Prof. Murat ?eker said; “I am truly honored to receive these awards and grateful to be a part of the strong Turkish Airlines family. This recognition reflects the hard work and commitment of everyone at the airline and I am confident that the national flag carrier will continue to achieve every step towards its strategic goals."

Turkish Airlines aircraft financing team achieves one of the lowest financing costs in the airline industry with its experienced staff who has a comprehensive knowledge on a large array of aircraft financing structures. The national flag carrier has been deemed worthy of many financing awards by world-renowned organizations such as 'Global Transport Finance' and 'Airline Economics', ‘Airfinance Journal’, and ‘Bonds, Loans & Sukuk Turkey’ with its creative financing models, many of which have been implemented for the first time, since 2009.

Turkish Airlines has crowned its success in this regard, as having won 30 international aircraft finance awards in the last ten years for its successful executions amounting to approximately 16 billion USD.

Previous Awards

2024 Airline Economics - Global Lease Deal of the Year Award

2024 Airline Economics - JOLCO Deal of the Year

2024 Airline Economics - Supported Finance Deal of the Year

2023 Airline Economics - Asia-Pacific Lease of the Year

2022 Airfinance Journal - Europe Deal of the Year

2022 Airfinance Journal - Structured Lease Deal of the Year

2022 Airline Economics - Global Lease Deal of the Year Award

2022 Airline Economics - European Lease Deal of the Year

2020 Airline Economics - Lease Deal of the Year (Europe)

2020 Airline Economics - Supported Finance Deal of the Year (Europe)

2019 Bonds, Loans and Sukuk - Transport Finance Deal of the Year (Middle East)

2019 Airline Economics - Supported Finance Deal of the Year

2018 Airline Economics - Lease Deal of the Year

2018 Global Transport Finance - Tax Lease Deal of the Year

2018 Bonds, Loans and Sukuk - Transport Finance Deal of the Year (Middle East)

2017 Airfinance Journal - Tax Lease Deal of the Year

2017 Global Transport Finance - Unique Deal of the Year

2017 Bonds, Loans and Sukuk – Trade & Export Finance Deal of the Year (Middle East)

2017 Bonds, Loans and Sukuk - Transport Finance Deal of the Year (Middle East)

2017 Bonds, Loans and Sukuk - Structured Finance Deal of the Year (Middle East)

2015 Airfinance Journal - Capital Markets Deal of the Year

2015 Airfinance Journal - Tax Lease Deal of the Year

2015 Airline Economics - Editor’s Deal of the Year

2015 Airline Economics - European Deal of the Year

2015 Global Transport Finance - EETC Deal of the Year (Europe)

2015 Bonds, Loans and Sukuk – Trade & Export Finance Deal of the Year (Middle East)

2015 Airfinance Journal - Engine Deal of the Year 

Innovations

First airline to secure Chinese Yuan denominated aircraft financing outside of China (2024)

The first ever Itasca Re Insurance Covered Finance Lease (2023)

The first ever ACG Aircraft Financing Solutions (AFS) guaranteed Italian tax lease (2021)

The first ever UKEF guaranteed French tax lease (2020)

The first ever ACG Aircraft Financing Solutions (AFS) guaranteed finance lease (2019)

The first ever BALTHAZAR guaranteed French tax Lease (2019)

The first ever AFIC guaranteed Italian tax lease (2018)

The first ever SACE guaranteed French tax lease (2018)

The first ever AFIC guaranteed French tax lease (2017)

The first ever JPY denominated EETC JOLCO (2015)

The first ever US Ex-Im guaranteed French Tax Lease (2015)

The first ever EECA guaranteed Italian tax lease (2014)

The first ever Bond Convertible JPY Ex-Im guaranteed engine lease (2014)

The first ever US Ex-Im guaranteed JPY denominated Convertible Bond (2013)

The first ever EECA guaranteed JOLCO Lease (2011)        

The first ever EECA guaranteed Italian Tax Lease in JPY denomination (2014)

The first ever US Ex-Im guaranteed French Tax Lease (2015)

The first ever EECA guaranteed Italian tax lease (2014)

The first ever Bond Convertible JPY Ex-Im guaranteed engine lease (2014)

The first ever EECA guaranteed Italian Tax Lease in JPY denomination (2014)

About Turkish Airlines:

Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 462 (passenger and cargo) aircraft flying to 349 worldwide destinations as 296 international and 53 domestics in 130 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram. 

About Star Alliance:

Established in 1997 as the first truly global airline alliance, the Star Alliance network was founded on a customer value proposition of global reach, worldwide recognition, and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a strong emphasis on enhancing the customer experience throughout the entire Alliance journey.

The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United.

Overall, the Star Alliance network currently offers 17,500 daily flights to over 1,150 airports in 189 countries. Further connecting flights are offered by Star Alliance Connecting Partner Juneyao Airlines.

Scaling India’s Renewables Beyond 1,500 GW Will Face Considerable Land, Water, Population, And Climate Challenges: CEEW

-India’s unconstrained RE potential exceeds 24,000 GW, but not all of it is achievable

-Odisha and Madhya Pradesh emerge as new states that can bolster India’s RE ambitions

-Green hydrogen production could reach 40 MTPA by 2050, but water management is critical

India has a renewable energy (RE) potential of over 24,000 GW, but even reaching the ~7,000 GW required to achieve net-zero emissions by 2070 will require a holistic approach to addressing challenges such as land access, climate risks, land conflicts, and population density, according to a new independent study by the Council on Energy, Environment and Water (CEEW). India currently has an installed RE capacity of 150 GW, and up to 1,500 GW, the constraints are relatively manageable.

The study, ‘Unlocking India’s RE and Green Hydrogen Potential: An Assessment of Land, Water, and Climate Nexus’, highlights that deployment beyond 1,500 GW could face critical challenges as multiple constraints intensify, narrowing the runway to reach the net-zero target. Renewable energy, including solar, wind, and green hydrogen, is crucial to realise India’s climate goals, but scaling up these technologies will require strategic land use, improved water management, and resilient power grid infrastructure.

The CEEW study is the first-of-its-kind to map India’s RE and green hydrogen potential by analysing the entire country’s landmass and applying real-world constraints. It does this by using detailed 5x5 km grid cells, which offer a more practical assessment of what can actually be developed and where. The CEEW study finds that population density significantly limits the realisation of India’s RE potential, with only 29 per cent of onshore wind potential and 27 per cent of solar potential located in areas with a population density lower than 250 people/km2. Land conflicts further restrict deployment, with only about 35 per cent of onshore wind potential and 41 per cent of solar potential located in areas free from historical land conflicts. However, earthquakes are less of a concern, as 83 per cent of onshore wind and 77 per cent of solar potential are located in low to moderate seismic zones.

The CEEW study also identifies states with high unconstrained RE potential such as Rajasthan, Madhya Pradesh, Maharashtra, and Ladakh. Rajasthan (6,464 GW), Madhya Pradesh (2,978 GW), Maharashtra (2,409 GW) and Ladakh (625 GW) have significant low-cost solar potential, while Karnataka (293 GW), Gujarat (212 GW), and Maharashtra (184 GW) offer considerable wind potential.

Dr Arunabha Ghosh, CEO, CEEW, said, “India stands at a pivotal juncture in its energy transition. It has set out to do the near impossible: provide energy access to millions of people, clean up one of the world’s largest energy systems, and become a green industrial powerhouse. While our RE potential is vast, the road to net zero is fraught with challenges. From land conflicts and population density to the unpredictable but undeniable impact of climate change, every step forward will demand resilience and innovation. The CEEW study, for the first time, goes into granular details of the county’s landmass to map out where we can build out renewable energy and green hydrogen projects while addressing the challenges of land, people, and compounding, non-linear climate risks. The scale of the task ahead is monumental, yet it is precisely this challenge that will define India’s legacy as a trailblazer for the Global South—a country that charts a low-carbon pathway to prosperity against all odds.”

Notably, the CEEW study highlighted that Odisha and Madhya Pradesh, with high RE potential backed by land banks and infrastructure to evacuate renewable power and manage seasonality, could emerge as key players in meeting India’s renewable energy ambitions in the coming decades. Further, a considerable portion of India’s RE potential is in high-climate-risk and high-land-price areas—only 18 per cent of onshore wind potential and 22 per cent of solar potential are located in areas with low climate risks and low land prices, when looked at in isolation. However, the challenges to realising this potential increase too when other constraints such as population density, land conflicts and seasonality of solar power are factored in.

Hemant Mallya, Fellow, CEEW, said, “Land and water are critical resources for scaling up RE and green hydrogen in India. Prevention of desertification and innovative solutions to address land availability, such as agro-voltaics in horticulture and rooftop solar in dense Indian cities, will be essential. Moreover, as RE projects move into areas with higher climate risks, insurance companies could increasingly hesitate to provide coverage. Involving all stakeholders in the early stage of renewable project development and addressing climate risks will help ensure projects are commercially viable in the long run.”

Green hydrogen could also become very important to India’s clean energy transition. The CEEW study estimates that the country could produce around 40 MTPA at a cost lower than USD 3.5/kg. Water availability and management impact the cost of green hydrogen projects. This cost is expected to decrease further with advancements in electrolyser technology and more efficient RE systems. Low-cost green hydrogen could be produced in western and southern India, with Gujarat leading the production with an estimated potential of 8.8 MTPA at less than USD 3.5/kg, followed by Karnataka and Maharashtra with 5 MTPA each.

Finally, the CEEW study recommends a comprehensive approach that includes all stakeholders to ensure that India’s ambitious RE and green hydrogen targets are met sustainably and equitably. First, validating potential using higher-quality data and on-ground assessments is crucial, as current data may not fully reflect real conditions. States should establish graded land banks that consider RE quality, water availability, and proximity to infrastructure to ensure rapid project development. Evaluating and enhancing grid infrastructure and resilience are essential, particularly in regions with high RE seasonality, to support large-scale deployment. Additionally, revising water management policies to prioritise energy production and assessing the need for surface water storage will be vital to sustaining green hydrogen production and mitigating resource challenges.

Limitations: The accuracy of CEEW’s analysis is limited by certain constraints – circle rates usage for estimating market price, lack of data on social and cultural aspects related to land, lack of power grid mapping to determine RE evacuation potential, and use-modeling to estimate levelised cost of electricity and green hydrogen.

A CEEW Interactive — The Great Indian RE Challenge is an explainer to understand how multiple challenges could emerge simultaneously as India ambitiously scales up its renewable energy capacity. Play it here.

Video — Every Question You Wanted to Ask on India’s Road to Net Zero: Watch this video to understand how these findings could shape India’s renewable energy future.

Study — Read ‘Unlocking India’s RE and Green Hydrogen Potential: An Assessment of Land, Water, and Climate Nexus’ by Hemant Mallya, Deepak Yadav, Anushka Maheshwari, Nitin Bassi, and Prerna Prabhakar here.

About CEEW

The Council on Energy, Environment and Water (CEEW) is one of Asia’s leading not-for-profit policy research institutions and among the world’s top climate think tanks. The Council uses data, integrated analysis, and strategic outreach to explain — and change — the use, reuse, and misuse of resources. The Council addresses pressing global challenges through an integrated and internationally focused approach. It prides itself on the independence of its high-quality research, develops partnerships with public and private institutions, and engages with the wider public. CEEW has a footprint in over 20 Indian states and has repeatedly featured among the world’s best-managed and independent think tanks. Follow us on X (formerly Twitter) @CEEWIndia for the latest updates.

MAGGI Crafts New ‘Happy Bowl’ With Love: Delightful Noodles For Young Ones!

Continuing with its spirit of culinary innovation, MAGGI has unveiled the Happy Bowl. The new product combines irresistible taste with goodness of atta, and is a source of protein, calcium, vitamin A, and fiber. Available in two delightful flavours, 'Yummy Masala' and 'Twisty Tomato,' this new offering is crafted to delight young palates while embodying MAGGI’s commitment to delivering great taste through innovation.

Mr. Rajat Jain, Director, Foods Business at Nestlé India, shared his enthusiasm for the new product and said, “At MAGGI, we are deeply passionate about the food we create, and MAGGI Happy Bowl holds a truly special place in our hearts. It promises to continue MAGGI’s legacy of creating beloved products for everyone in the family and provide them with more options. MAGGI Happy Bowl is our offering for the kids and a gift to moms, offering joyful simplicity in every bite”

Supporting the launch, MAGGI has rolled out a comprehensive marketing campaign that spans TV, digital media, print, and outdoor advertising across major cities. The campaign highlights the dual appeal of great taste and goodness, aiming to make the Happy Bowl a new favorite at family tables.

SMART Technologies Launches in Bangalore With Transformative Interactive Displays For Education

SMART Technologies, a global leader in interactive technology, announced its launch in the Bangalore market. The company also unveiled the SMART Board MX Series® and SMART Board GX Series® interactive displays. With over 35 years of global experience in the interactive technology market along with local distribution partners, Indian manufacturing and tailored local education content, SMART is uniquely positioned to support Indian schools with locally-made, outcome-focused technology that will support the transformation of India’s education environments.

SMART’s interactive displays and software are created to bring learning to life with easy-to-use features that save teachers time and engage students in their learning. They’re engineered in-house at SMART with unique features and options – including SMART iQ® with the MX Series. This designed-for-education embedded computing solution is easy to use from day one. SMART displays have multiple options for student engagement and upgradability options that are unique in the market, and they use less power than other brands. SMART displays are not only built to last but to evolve with the needs of the classroom.

The company is establishing manufacturing locally in India, not only enhancing its production capabilities but also reinforcing its dedication to the Indian market. SMART is working with one of India’s largest Electronic Manufacturing Services (EMS) have chosen partners with established and proven capability for production of Interactive Flat Panels to meet their exacting quality standards This local work represents a significant step in optimizing supply chains, increasing local manufacturing efficiency, and fostering economic growth within the region.

Nicholas Svensson, President & Chief Executive Officer, stated, “As pioneers and leaders in the interactive touch technology space, our launch in India is a testament to our commitment to this dynamic market. Our promise is to help teachers, students, and education leaders create connections that matter, and we’re thrilled to bring this promise, and our leading products, to the millions of students and teachers here in India.  Needless to say, SMART is here to stay and we look forward to working with schools and organizations across the country.”

The brand also acknowledged Sense Kaleidoscope Bengaluru as a SMART Exemplary Schools. Recognized for its exceptional use of technology, Sense Kaleidoscope has earned a prestigious designation, joining a global community of just 35 schools. It is the third school in India to receive this honor and the only one dedicated specifically to students with autism. Through SMART technology, the school ensures to bridges the gap between students and teachers, making education more accessible, engaging, and enjoyable for everyone involved.

About SMART:

SMART Technologies is a pioneering force in the development of interactive technology solutions. Renowned for SMART Board® interactive displays and comprehensive software offerings, the company is dedicated to creating engaging and collaborative learning and working environments, creating connections that matter for users the world over since 1987. With a focus on quality, innovation, and customer satisfaction, SMART Technologies continues to drive advancements in education and business technology worldwide. To learn more, visit www.smarttech.com.

Swami Atmashriddhananda Delivers An Inspirational Lecture On "Overcoming Stress – The Vivekananda Way" At MIT

Swami Atmashriddhananda, Head of the Ramakrishna Mission Ashrama, Kanpur, inspired students, faculty, and staff at the Manipal Institute of Technology (MIT) with his lecture titled “Overcoming Stress – The Vivekananda Way”.

The event began with a warm welcome from Dr. Shankaranarayana Bhat, Associate Director (Faculty Development), followed by an introduction of the guest by Dr. K. Balakrishna, Professor in Geology, Cdr. (Dr) Anil Rana, Director, MIT, Manipal , Dr. Somashekhara Bhat, Joint Director,  and faculty members, students, and staff, were present for the enriching session.

During his address, Swami Atmashriddhananda emphasized the importance of filling the mind with great ideas and drawing inspiration from the lives and teachings of great people. He highlighted the impact of Automatic Negative Thoughts (ANTS), which often lead to self-criticism and lack of motivation, ultimately turning individuals pessimistic. He warned against the detrimental effects of self-pity, explaining that it weakens the mind and exacerbates stress.

Drawing from Swami Vivekananda's philosophy, Swami Atmashriddhananda offered practical advice to overcome stress, including the observation and detachment from negative thoughts. He encouraged the audience to practice meditation, deep breathing techniques, and reading inspiring literature. Furthermore, he underscored the importance of living a life of goodness and service, noting that being good and doing good for others can help maintain positivity and reduce stress.

Dr. K Balakrishna, Professor of Geology, delivered the vote of thanks. The lecture received an enthusiastic response from the attendees, who appreciated Swami Atmashriddhananda's practical and insightful approach to addressing stress. His teachings, grounded in the philosophy of Swami Vivekananda, offered actionable steps that resonated deeply with both students and faculty, leaving them inspired and motivated to incorporate these techniques into their everyday lives.

IEEE Photonics Chapter Inaugurated At Manipal Institute of Technology (MIT) Bengaluru: A New Era For Light Science And Technology

The Department of Electronics and Communication Engineering (ECE) at Manipal Institute of Technology MIT Bengaluru, in collaboration with the IEEE Student Branch, proudly announces the inauguration of the IEEE Photonics Chapter. This significant milestone marks the beginning of a new chapter in the exploration and application of photonics technology.

Prof. (Dr.) Madhu Veeraraghavan, Pro Vice Chancellor, MAHE Bengaluru, Dr. Iven Jose Director, MIT MAHE Bengaluru, Dr. Ujjwal Verma, HoD, ECE, MIT MAHE Bengaluru along with chief guests Dr. Srinivas Talabattula Professor, ECE Indian Institute of Science, Bengaluru IEEE Bangalore Section, Chair graced the event with their presence. 

Photonics, a vital branch of optics, involves the generation, detection, and manipulation of light in the form of photons. This field, closely related to quantum electronics, focuses on the practical engineering applications of light. As we stand on the cusp of a photonics revolution, the impact of photonic devices on our daily lives becomes increasingly evident. From LEDs and laser diodes to advanced imaging and sensing technologies, photonics is driving innovation across a wide array of applications.

The IEEE Photonics Society, a global leader with over 100,000 professionals, is at the forefront of translating breakthroughs in quantum physics into transformative devices and systems. By organizing technical conferences, publishing cutting-edge research, and developing industry standards, the Society plays a pivotal role in advancing the field.

The newly inaugurated IEEE Photonics Chapter at MIT Bengaluru aims to foster collaboration, research, and development in photonics. The chapter will serve as a vibrant hub for students, researchers, and professionals to explore the latest advancements in light science and technology.

Prof. (Dr.) Madhu Veeraraghavan, Pro Vice Chancellor, MAHE Bengaluru said "The inauguration of the IEEE Photonics Chapter at MIT Bengaluru is a landmark event that will undoubtedly propel the field of photonics to new heights. This chapter will serve as a beacon for innovation, bringing together bright minds to tackle the challenges and opportunities in light science for the students.”

Dr. Iven Jose Director, MIT MAHE Bengaluru, added, "Photonics is more than just a branch of science; it is the foundation of many technologies that impact our daily lives. The establishment of this chapter provides an excellent platform for students and researchers to delve into photonics, drive forward discoveries, and contribute to the ever-evolving landscape of light technology."

Dr. Srinivas Talabattula, Professor, ECE, Indian Institute of Science, Bengaluru, and IEEE Bangalore Section Chair, said “The inauguration of the IEEE Photonics Chapter at institutions like MIT Bengaluru is a significant step towards strengthening the photonics community. This chapter will serve as a platform for fostering research and innovation in integrated optics, which aims to develop various optical components on a single substrate, much like integrated electronics. By focusing on technical advancements such as modulators, waveguides, and fabrication devices, we can accelerate the development of next-generation photonic systems and their applications across multiple industries”

Dr. Ujjwal Verma, Head of the Department of Electronics and Communication Engineering, MIT MAHE Bengaluru, stated “ The inauguration of the IEEE Photonics Chapter at MIT MAHE Bengaluru represents a significant leap forward for our institution and the broader scientific community. This chapter will be a catalyst for fostering innovation and collaboration in the field of photonics, bridging the gap between theoretical research and practical applications. We are excited to see our students and faculty contribute to advancements in light science and technology, further solidifying MIT MAHE Bengaluru's role as a leader in cutting-edge research and development.”

The IEEE Photonics Chapter at MIT Bengaluru will actively engage in research, development, and standardization efforts, supporting the IEEE Photonics Society's mission to advance technology for the benefit of humanity.

About Manipal Academy of Higher Education Bengaluru (MAHE B’LRU):

Established in 1953, Manipal Academy of Higher Education (MAHE) is an Institution of Eminence and a Deemed to be University. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, honoured MAHE with the prestigious designation of Institution of Eminence Deemed to be University. Currently ranked sixth in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience.

MAHE Bengaluru, an off-campus of MAHE, excels in delivering comprehensive education to students, supported by highly qualified faculty, and dedicated mentors. The MAHE Bengaluru campus has an inspiring, future relevant learning ecosystem, on a new age tech enabled living campus. Here, the students immerse themselves, transform and discover multiple choices and opportunities. At MAHE Bengaluru, the potential for growth and the opportunities available are boundless.

DriveX Targets Rs 100 Crore In Revenue For FY25, Expanding Its Retail Presence From 57 To 130 By 2025, With Plans To Reach 500 By 2027

DriveX, India's first and largest digital-first auto-tech platform for two-wheelers as good as new, recently launched their 8th company-owned and operated store in Chennai, which raises the total number of retail stores to 57. They also announced a sharp rise in revenue for FY24. With an aggressive plan for network expansion, DriveX has set the revenue target for FY25, expanding its retail touchpoints from 57 to 130 by May 2025 and 500 by 2027. 

“We plan to double our retail touch points from 57 to 130 by May 2025," said Narain Karthikeyan, Founder and Managing Director, DriveX Mobility. “Presently we are retailing about 2,500 used vehicles a month, a huge jump from 25-30 vehicles, which were sold just a couple of years ago. We have identified twice as much demand and are taking the necessary measurements to meet the growing demand.," he added. 

TVS Motor Company owns 48% of DriveX, which has emerged as a major player in the pre-owned two-wheeler market. This year, the company inaugurated its 57th retail touch point in Chennai, marking the latest in a series of aggressive growth stories showcased by the company. "The Chennai store is an important hub for our South India operations, and we are using the rich automotive heritage of the city to enhance our service and scale up further," he added. 

DriveX plans to scale its presence in key northern markets as part of its expansion drive. "Though we have a tiny footprint in the NCR region, we have in our pipeline to establish our refurbishment center in Ghaziabad, which will enable us to get better traction and improve service quality in this market," said Karthikeyan. 

In addition to expanding the retail with a product portfolio of top-quality refurbished two-wheelers, DriveX also offers a specially formulated oil for pre-owned engines. "This is getting good reception and is driving extra market traction," says Karthikeyan. Biking accessories have also emerged, adding another dimension to the company's customer offering. 

Technology remains an important enabler in the growth of DriveX. The company has also developed in-house apps that streamline the vehicle procurement process and make customer interaction much more seamless, resulting in a smooth buying experience for refurbished two-wheelers. This is part of DriveX's strategy to keep them ahead of the curve in a rapidly changing marketplace. 

This ambitious roadmap for DriveX envisages a pan-India presence with 500 retail outlets by 2027. DriveX is well on its way to transforming the refurbished two-wheeler market across the country, with a strategic focus on innovation, expansion, and customer satisfaction.

About DriveX:

DriveX Mobility Pvt Ltd is India’s first and pioneering digital-first auto-tech platform in the pre-owned two-wheeler category that caters to the unique needs of the affordable mobility sector in India. The company was formed by leveraging decades of automotive expertise of its founder, Narain Karthikeyan. DriveX provides top-quality refurbished two-wheelers to its customers while making the buying experience easy and hassle-free. The company employs a dual business model, utilizing franchise and company-owned, company-operated (COCO) showrooms for top-quality refurbished two-wheelers. DriveX's unique value proposition extends beyond the simple sale of pre-owned two-wheelers. It revolves around three key strategies: technology-driven sourcing for scalability, a digital platform facilitating efficient pricing and vehicle discovery, and flexible ownership options achieved through strategic financing partnerships.

Hero MotoCorp Concludes 'The Centennial' Auction With Raise Of Rs. 8.6 Crores For Charitable Initiatives

* Announces contest for customers to win the Centennial Collector's Edition bike

The overwhelming response to 'The Centennial' reflects the deep admiration and respect for our Chairman Emeritus, Dr. Brijmohan Lall Munjal. This masterpiece embodies his values and stands as a lasting tribute to the remarkable legacy he left behind.

My father was deeply committed to giving back to society, and his principles and vision continue to inspire through the institutions he founded. I extend my heartfelt gratitude to the entire Hero community for their generous contributions, helping raise funds for charitable initiatives.

Aligned with our “customer-first”’ philosophy, we are excited to offer this masterpiece to our most valued stakeholders - our 118+ million customers around the globe - through an AI-powered contest

Dr. Pawan Munjal

Executive Chairman, Hero MotoCorp

Hero MotoCorp, the world's largest motorcycle and scooter manufacturer, has concluded the auction for the exclusive collector’s edition motorcycle “The Centennial.” The meticulously handcrafted motorcycle commemorates the legacy of the company’s visionary Founder and Chairman Emeritus, Dr. Brijmohan Lall Munjal.

With only 100 units produced, each motorcycle represents the epitome of passion and engineering. The auction - limited to dealers, suppliers, business associates and employees of the company - generated unprecedented enthusiasm and excitement, culminating in the highest bid of Rs. 20.30 lakh for the motorcycle numbered CE100. The cumulative bid amount for 75 units reached a remarkable total of Rs. 8.58 Crore, showcasing the exceptional value, desirability and distinctive allure of these collectors’ motorcycles.

This extraordinary response also highlights the profound respect for Dr. Brijmohan Lall Munjal's legacy. Significantly, the auction proceeds will be dedicated entirely to charitable initiatives, perpetuating his tradition of giving back to the community.

The remaining 25 bikes will be displayed at Hero MotoCorp facilities and will be given away through contests to employees and customers.

Customer Contest: In an exclusive AI-powered contest, over 118 million Hero MotoCorp customers will have a once-in-a-lifetime opportunity to own this historic masterpiece. The contest will unfold in two phases: participants will first email their photos and stories about how their Hero product has impacted their lives to myheroforever@heromotocorp.com. Next, using Gen AI, a personalized visual representation of each participant's Hero journey will be created. Participants will then use an innovative AR filter, #MyForeverHero, to craft and share videos on their social media. A distinguished panel will review the entries, selecting the most inspiring story as the winning entry.

‘The Centennial” is a masterpiece of engineering and design. Every detail of this exceptional motorcycle has been meticulously crafted to reflect its unparalleled status. The lightweight aluminium swingarm and carbon fibre body panels not only enhance functionality and performance but also exude a modern aesthetic. It features custom components, including precision-machined handlebars, rear-set foot pegs, and a top-of-the-line carbon fibre and titanium exhaust system by Akrapovic. Equipped with a solo seat adorned with a carbon fibre cowl and exclusive special edition numbered badging, 'The Centennial' holds an exceptional status within Hero MotoCorp’s inspiring legacy.

Turkish Airlines Announces Its Flights To Sydney, The Largest City Of Australia

Turkish Airlines, the airline that flies to more countries than any other, adds Sydney, the largest city of Australia to its robust flight network. With its second foray into the continent, flag carrier airline also marks the city as its first destination in Australia to have non-stop flights in the future. Set to start on December 4, 2024, ?stanbul – Sydney flights will be operated four times a week via Kuala Lumpur with Airbus A350-900 aircraft.

This new route not only strengthens Turkish Airlines presence in the newest continent in its flight network but also continues to bolster ties between Türkiye and Australia, driving growth in tourism, trade, and cultural exchange.

About the new addition to global airline’s flight network, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat stated: “We are happy to announce the launch of our Sydney route, which opens another chapter for us in the continent. This new route not only enhances our flight network but also reaffirms our commitment to our presence in Australia as we connect our guests to new opportunities and experiences with the comfort and hospitality of Turkish Airlines. Sydney will also be our first destination in Australia to have non-stop flights when we receive the aircraft capable of making the journey in a single leg.”

On the new development, Minister for Jobs and Tourism John Graham said: “I am thrilled that Turkish Airlines is touching down in Sydney for the first time, providing European travellers with direct access to our state’s world-class visitor experiences. The NSW Government has worked closely with Sydney Airport and Turkish Airlines to secure this new service. Sydney is the gateway to Australia and supporting this new route holds enormous potential for the growth of the state’s visitor economy.”

Sydney Airport CEO, Scott Charlton said: “This announcement of direct flights marks a significant milestone for travel to Europe, offering passengers seamless access to hundreds of destinations from Turkish Airlines’ Istanbul hub. We are proud that Turkish Airlines Sydney and NSW for their first non-stop service which is a strong endorsement of everything our city and state has to offer. In the meantime, passengers will get to experience Turkish Airlines’ award-winning service from Sydney to Istanbul via Kuala Lumpur in December 2024.

With more than 15,000 Turkish-born Australians in New South Wales and Türkiye consistently rated as one of the top destinations for Australian travellers, we’re confident this service will be strongly supported. Today’s announcement is also incredibly important for the Sydney and NSW economies and speaks to the impact of international aviation in supporting our visitor economy.

We’re looking forward to Turkish Airlines inaugural flight and growing their services in the years to come.”

he special launch prices for Turkish Airlines' Sydney to Istanbul flights are 1489 AUD, and 999 USD for Istanbul to Sydney flights.

The launch prices are valid for:

Ticketing Date: 12 September – 31 December 2024

Travel Date: 04 December 2024 – 31 May 2025.As the largest city in Australia and the capital of New South Wales, Sydney is a major global hub for business, tourism and the arts. Home to the famous Sydney Opera House and Harbour Bridge, the city offers a unique and iconic experience for its visitors whether they are visiting for business or leisure. Now, travelers around the world will have the opportunity to enjoy Sydney with the comfort and hospitality of Turkish Airlines while flag carrier’s Australian guests will be able take advantage of its globe spanning network in a more convenient manner.

About Turkish Airlines:

Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 462 (passenger and cargo) aircraft flying to 349 worldwide destinations as 296 international and 53 domestics in 130 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram. 

About Star Alliance:

Established in 1997 as the first truly global airline alliance, the Star Alliance network was founded on a customer value proposition of global reach, worldwide recognition, and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a strong emphasis on enhancing the customer experience throughout the entire Alliance journey.

The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United.

Overall, the Star Alliance network currently offers 17,500 daily flights to over 1,150 airports in 189 countries. Further connecting flights are offered by Star Alliance Connecting Partner Juneyao Airlines.

HUBNER India’s “Namma Factory” Achieves Significant Milestones Within 18 Months Of Commissioning

·         HUBNER India successfully completes two major orders, delivering a total of 540 gangway systems for the Vande Bharat Express (Train 18).

·         HUBNER India has commenced production of gangway systems for metro projects in São Paulo, Brazil, and Cairo, Egypt.

·         With increased demand, HUBNER India has expanded its workforce from 125 to nearly 200 employees.

·         Among the significant ongoing projects is an order from BEML for 800 gangway systems for the Mumbai Metro – one of the largest orders in HÜBNER Group's history.

·         The plant was commissioned at the beginning of 2023

HÜBNER Group has today announced that its “Namma Factory” in Bengaluru has achieved a significant milestone of the production and delivery of 2,000 gangways since the factory was commissioned at the beginning of 2023. In addition, HUBNER India has started production of gangway systems for metro projects to serve the Brazilian metropolis of São Paulo and the Egyptian capital Cairo, from the plant.

The Namma Factory is developing into a major success story for the HÜBNER Group with its achievements within such a short time frame. The Indian subsidiary HUBNER Interface Systems India Pvt. Ltd. (HIN) manufactures products and components in a particularly resource-efficient manner thanks to high-performance sustainability technologies.

Production levels raised with resource-saving manufacturing methods

“Our plan in India to meet the requirements of our local customers quickly and flexibly with a modern plant and a growing, high-performance team is working out just as we hoped,” says Kai Mentel, Managing Director of the HÜBNER Group. “With the Namma Factory facility we are proving that it is possible to both raise our production capacities for India and Asia as a whole while at the same time manufacturing with especially sustainable and resource-conserving methods.”

With the production and delivery of 2,000 gangways, the Namma Factory team has also achieved other important milestones: Two major orders for a total of 540 gangway systems for the Vande Bharat Express (Train 18) have now been completed. In addition, HUBNER India has started production of gangway systems for metro projects to serve the Brazilian metropolis of São Paulo and the Egyptian capital Cairo.

Handling major projects with increased production capacities

With a positive order situation, HUBNER India has increased its staff from 125 to nearly 200 employees. Among the major projects being handled by the growing team is an order from the Indian train manufacturer BEML for 800 gangway systems to serve the Mumbai Metro. This is one of the largest orders in the history of the HÜBNER Group.

With the commissioning of the new factory, the HÜBNER Group has significantly increased its production capacities for mobility markets in the Asia-Pacific region. The HÜBNER Group has been the global market leader for gangway systems for many years. It is now using the added production capacities in India to undertake major projects for leading mobility providers such as BEML, as well as Alstom and Indian Railways.

Focus on sustainability: Half a million kilowatt hours of solar power

When designing the new Namma Factory, the HÜBNER Group placed a special focus on sustainability. The bulk of the energy required to run the factory is generated by a photovoltaic system, which produced 587,055 kilowatt hours (KWh) of electricity in its first year of operation alone. Around 72 percent of this was fed into the local power grid. “To generate the same amount of electricity, 32 tons of coal would have had to be burned for the Namma Factory’s first year of operation,” explains Uwe Sperber, Location Head of HUBNER India. “This has saved us the equivalent of 60 tons of carbon dioxide (CO2) emissions.”

The plant’s in-house wastewater treatment plant is also paying for itself – with a daily capacity of 15 cubic meters for wastewater treatment and a capacity of 60 cubic meters for storing and using rainwater. Through the use of this treated water for landscaping work and sanitary facilities, approximately 350 cubic meters of water have already been recycled in the first year. “We are proud of these successes in the operation of the Namma Factory and see them as an incentive to manage our processes with even greater resource efficiency in the future,” says Uwe Sperber.

In India for India: Developing local engineering expertise

It has been possible to develop local engineering expertise in the Namma Factory in connection with the Metro Cairo project for HÜBNER’s customer Alstom. The train manufacturer has been mandated to make Egypt’s largest metro line more energy efficient and to design it for larger numbers of passengers – up to 2,580 people in a single train. For the development of the necessary gangway systems, the HÜBNER Group is pooling its expertise at its locations in Kassel, Germany, and Bengaluru. The aim is to make it possible for the entire product development process for future projects to take place in India by the end of 2025.

“We have launched a real lighthouse project in the growing market of India with our Namma Factory,” points out Managing Director Kai Mentel. “This also sends a strong signal to our customers. The HÜBNER Group is a high- performance partner that is acting on a global scale and is continually improving in the area of sustainability.”

HÜBNER Group

Mobility. Materials. Photonics. | united by passion.

With its business divisions Mobility Rail, Mobility Road, Material Solutions and Photonics, the HÜBNER Group is a global system supplier for the mobility sector, for manufacturing, and for life sciences and research applications. HÜBNER is the worldwide leader in gangway systems for rail vehicles and buses as well as a supplier of chassis technology, cockpit display solutions and door sealing and safety profiles. The company is also an internationally recognized supplier of sophisticated solutions involving elastomers, insulation and composite materials. HÜBNER’s business unit for laser technology is developing successfully, featuring applications for cancer diagnostics and spectroscopy, for example.

In 2023, the HÜBNER Group generated sales of approximately €472 million, with approximately 3,500 employees worldwide. In addition to its headquarters in Kassel, Germany, HÜBNER is present with more than 30 locations around the world.

www.hubner-group.com 

Samsung Announces Exciting Limited Period Offer On Galaxy S24 Ultra; Now Available Starting INR 109999 In India

Samsung, India’s largest consumer electronics brand, today announced a never-before-seen price on its flagship Galaxy S24 Ultra smartphone.

Starting September 12, 2024, Galaxy S24 Ultra will be available at just INR 109999 as part of a limited period offer. The smartphone was originally priced starting INR 129999. The special price includes an instant cash back of INR 8000 along with an additional upgrade bonus of INR 12000. Alternatively, consumers can also avail bank cashback of INR 12000. Additionally, consumers seeking enhanced affordability can take advantage of no-cost EMI for 24 months.

Galaxy S24 Ultra ushers in a new era of mobile AI, enabling consumers to do more with Galaxy AI. Galaxy S24 Ultra enhances and redefines the phone’s most fundamental role: communication with Live Translate, two-way, real-time voice and text translations of phone calls within the native app. With Interpreter, live conversations can be instantly translated on a split-screen view. It even works without cellular data or Wi-Fi for messages and other apps. In addition, Chat Assist can help perfect conversational tones to ensure communication sounds as it was intended. AI built into the Samsung Keyboard can also translate messages in real-time in 13 languages, including Hindi.

With the Note Assist feature in Samsung Notes, users get AI-generated summaries and create templates that streamline notes with pre-made formats. For voice recordings, even when there are multiple speakers, Transcript Assist uses AI and Speech-to-Text technology to transcribe, summarize and even translate recordings. Galaxy S24 Ultra also gets ‘Circle to Search’ with Google.

Galaxy S24 Ultra features ProVisual Engine, a comprehensive suite of AI-powered tools that transform image capturing abilities and maximize creative freedom. The Quad Tele System on Galaxy S24 Ultra comes with a 5x optical zoom lens that works with the 50MP sensor to enable optical-quality performance at zoom levels from 2x, 3x, 5x to 10x, thanks to Adaptive Pixel Sensor. Images also show crystal clear results at 100x with enhanced digital zoom. With upgraded Nightography capabilities, photos and videos shot on Galaxy S24 Ultra’s Space Zoom are brilliant in any conditions, even when zoomed in. Galaxy S24 Ultra’s larger pixel size, now 1.4 ?m, is 60% bigger, helping capture more light in dim conditions.

Galaxy S24 Ultra has a 6.8” flat display, optimized not just for viewing but also for productivity. It is equipped with Snapdragon® 8 Gen 3 Mobile Platform for Galaxy that delivers remarkable NPU improvement for incredibly efficient AI processing.  Galaxy S24 Ultra features 2600 nits of peak brightness.

Corning® Gorilla® Armor on the Galaxy S24 Ultra is optically enhanced for superior durability. It delivers dramatically reduced reflection by up to 75% in a wide range of lighting conditions, ensuring a smooth, comfortable viewing experience.  Available in four vibrant colours – Titanium Gray, Titanium Violet, Titanium Black and Titanium Yellow, Galaxy S24 Ultra is the first-ever Galaxy phone to feature a titanium frame, enhancing device durability and longevity. Galaxy S24 Ultra’s significantly thinner body enables a better on-the-go experience with a more comfortable grip.

Galaxy S24 Ultra continues Samsung’s commitment to extending the product lifecycle, offering seven generations of OS upgrades and seven years of security updates to help users reliably experience the optimized performance of their Galaxy devices for even longer. Galaxy S24 Ultra is secured by Samsung Knox for safeguarding critical information and protection against vulnerabilities with end-to-end secure hardware, real-time threat detection and collaborative protection.

Galaxy S24 Ultra is available in all leading online and offline retail stores.

Orkla India Partners With CleanMax To Make MTR Karnataka Factories 100% Renewable

Orkla India, the parent company of MTR and Eastern, is proud to announce a strategic partnership with CleanMax, a Brookfield backed company, to solidify its sustainability goals and accelerate its journey towards net-zero emissions. The partnership involves a 25-year power purchase agreement (PPA) for the generation and supply of renewable energy from a 6.6 MWp Solar Captive Power Project located in Jagaluru, Karnataka. With this partnership, Orkla India factories based out of Karnataka will run on 100% renewable energy.

The project is structured under a Special Purpose Vehicle (SPV), with Orkla India holding a 26% equity stake and CleanMax retaining the remaining 74%. Under this arrangement, CleanMax will manage the energy generation, operation, and maintenance of the solar plant, ensuring optimal performance throughout the 25-year term.

This 6.6MW plant will provide 10 million KWh units per annum which is equivalent to the reduction of 7500 tons of CO2 emission annually which corresponds to planting 1.3 lakh trees annually.

Aligning with the company's global sustainability objectives, this initiative will significantly reduce Orkla India's carbon footprint, with all its manufacturing units in Karnataka achieving net-zero upon complete implementation.

Niklas Stoltz, Director, Sustainability said, “Orkla India’s partnership with CleanMax is about powering change. We want to set a new standard for sustainable manufacturing in India's FMCG sector. With this partnership, Orkla India factories based out of Karnataka will run on 100% renewable electricity and at a pan India level 70% of our electricity consumption will be from renewable sources."

Kuldeep Jain, Founder and Managing Director, CleanMax said, "Our journey with Orkla since 2018 has been exciting, and I’m glad to expand this partnership further. We’re focused on enabling Orkla's shift to clean energy with solutions that align with their broader sustainability and net-zero goals. Together, we’re making a significant impact on reducing carbon emissions and advancing a more sustainable future."

Orkla India remains committed to creating a resilient and healthier future as it believes that sustainable production and consumption is the path to a healthier tomorrow. 

Mobil™ Hosts India’s First Night Street Race in Chennai With ‘Indian Racing Festival 2024’

Mobil™, a leader in automotive lubricants, associated with Racing Promotions Private Limited (RPPL) for India’s first-ever night street race in Chennai during the ‘Indian Racing Festival 2024’ at the Chennai Formula Racing Circuit on August 31 and September 1. This landmark event marked Mobil’s third year of association with the Indian Racing Festival, showcasing a spectacular combination of speed, skill, technology and performance.

As the official lubricant partner for both the Indian Racing League and the Formula 4 Championship, Mobil™ underscored its commitment to advancing Indian motorsports, aligning with its focus on ‘Performance by Mobil 1’. The festival, organized by RPPL, has five exciting rounds across the country all the way through November 2024. This event also celebrated Mobil 1’s 50-year presence in India.

Commenting on the occasion, Mr. Vipin Rana, CEO - ExxonMobil Lubricants Pvt. Ltd. said, “We are honoured to be a part of the India Racing Week, an event that not only demonstrates our dedication to advancing global motorsports but also accelerates the future of racing in India. In the last three years, we have empowered racers and enthusiasts with the confidence provided by Mobil™ products, enabling them to unlock their potential.

Mr. Akhilesh Reddy, Chairman of RPPL, added, We are incredibly proud of this association with Mobil™ and thrilled to bring India’s first night street race to life. The excitement and energy of night racing have added a new dimension to the festival, showcasing the talent and passion of our racers. Congratulations to all the teams of F4 and IRL for their remarkable performance, and we look forward to continue the same momentum in the future.

The festival attracted significant attention, with celebrity team owners such as Bollywood stars John Abraham and Arjun Kapoor, cricket legend Saurav Ganguly, and actor Naga Chaitanya contributing to its high profile

The event concluded with a grand award ceremony, celebrating the exceptional performances of the winning teams and individuals, and further cementing Mobil 1’s role in driving the future of motorsport in India.

About ExxonMobil in India

ExxonMobil has been powering India’s growth for three decades.

The company brought the first supplies of liquefied natural gas (LNG) to India in the early 2000s and is now a major LNG supplier to the country, helping to advance its transition to a gas-based economy.

ExxonMobil’s cutting-edge product solutions such as Mobil lubricants are driving productivity and energy efficiency in India’s automotive and industrial sectors, helping individual consumers and businesses achieve more with less. The company’s chemical products are enabling Indian manufacturers to make high-quality products and deliver sustainability benefits across sectors including food processing, consumer durables, agriculture, water treatment, pharmaceuticals, and construction.

ExxonMobil’s business and technology centers in Bengaluru provide critical support to the company’s global operations. The technology centers help develop strategies to reduce global emissions and collaborate with homegrown manufacturers to enhance the global competitiveness of made-in-India products.

To learn more about ExxonMobil lubricants in India, visit https://www.mobil.co.in/en-in.

MAHE To Host 5th National Conference On Youth In Social Change

Manipal Academy of Higher Education (MAHE), an Institute of Eminence, is set to host the 5th National Conference on Youth in Social Change on September 16-17, 2024, at its campus in Manipal, Karnataka. Since its inception in 2017, this conference has aimed to inspire students from Higher Education Institutions across India to contribute to their communities, while also celebrating the spirit of "Daan Utsav – the joy of giving week."

This year’s conference theme, “Bridging the Gap Between Academic & Corporate Volunteering to Synergize Social Change,” will focus on how students’ volunteering efforts during their academic years can transition into impactful corporate volunteering. The event will feature prominent speakers from leading corporates, and students from across India will present posters on unique community-giving ideas, enriching the conference discussions.

Students interested in social change and volunteering are encouraged to register for the conference through the official website (https://conference.manipal.edu/youthinsocialchange/).

This event promises to provide a platform for insightful exchanges on how academic experiences can foster long-term professional and social growth.

About Manipal Academy of Higher Education

Manipal Academy of Higher Education (MAHE) is an Institution of Eminence Deemed-to-be University. MAHE offers over 400 specializations across the Health Sciences (HS), Management, Law, Humanities & Social Sciences (MLHS), and Technology & Science (T&S) streams; through its constituent units at campuses in Manipal, Mangalore, Bangalore, Jamshedpur, and Dubai. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, awarded MAHE the prestigious Institution of Eminence status. Currently ranked 4th in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience and an enriching campus life, as well as for national & multi-national corporates looking for top talent.

AU Small Finance Bank And Kotak Life Partner To Expand Access Of Life Insurance And Financial Security Solutions

AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”), one of India’s private life insurers, announced their strategic partnership to provide AU SFB’s customers with a comprehensive suite of life insurance and financial security solutions. This collaboration is based on a revised business proposition, in continuation to Kotak Life’s relationship with erstwhile Fincare Small Finance Bank (now merged with AU SFB).

Effective immediately, AU SFB’s new and existing customers, including those from former Fincare SFB branches, can now access Kotak Life’s comprehensive range of life insurance products including term, retirement, savings and select investment plans.

This partnership is expected to significantly enhance AU SFB's offerings in southern India by leveraging Kotak Life's diversified portfolio. Additionally, Kotak Life will collaborate closely with AU SFB to ensure seamless service options, facilitating a smooth transition and maintaining business continuity for customers.

As AU SFB pursues its universal banking license with the Reserve Bank of India (RBI), it is now poised to serve its vast customer base of over one crore with a diverse array of products from leading life insurance companies. This strategic approach enables AU SFB to assess and address the unique needs and financial requirements of each customer, delivering personalised solutions that cater to their individual circumstances.

Speaking on the partnership, Mr. Uttam Tibrewal, Executive Director and Deputy CEO, AU Small Finance Bank said, "At AU Small Finance Bank, our customers are at the heart of everything we do, and we are committed to offering them a wide array of choices and personalised solutions. As we expand our offering in the bancassurance segment, partnering with Kotak Life, a trusted leader in life insurance, strengthens our product suite and enhances the financial planning options available to our customers. By combining our expansive distribution network with Kotak Life’s diverse portfolio, we will provide a broader selection of tailored life insurance solutions. We are excited about the possibilities this partnership brings and look forward to collectively shaping a more secure and prosperous future for our customers.”

Mr. Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance Company Limited, said, “At Kotak Life, we firmly believe that life insurance is a necessity for every Indian. We are committed to the vision of 'Insurance for All by 2047,' as outlined by the IRDAI. Through our collaboration with AU SFB, we aim to reach out to the untapped segments of the population. By

leveraging AU SFB’s customer reach and our expertise in life insurance, we help ensure a secure future and protect the financial dreams of AU SFB customers.”

About AU Small Finance Bank

AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and has established itself as the largest SFB in India since starting its banking journey in April 2017. Established in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU SFB boasts a 29 year-legacy with deep understanding of the rural and semi-urban markets and customer segments. The Bank operates a sustainable business model that facilitates credit to the unserved and underserved retail and MSME customer segments while providing complete banking solutions to its deposit and branch banking customers. As a tech-led Bank, AU has a strong digital presence with innovative products and services like 24X7 video banking, credit cards, personal loans, UPI QRs, payments, merchant lending, WhatsApp Banking, Chatbots etc. and its digital bank application AU0101 remains among the higher rated banking apps in India.

The Bank operates from 2,414 banking touchpoints across 21 States & 4 Union Territories serving 1.08 Cr customers with an employee base of 46,000+ employees. As on 30th June’24, Bank has a Shareholders Funds of Rs 15,516 Cr, Deposit base of Rs 97,290 Cr, Total Loan Portfolio of Rs 99,792 Cr and a Balance sheet size of ~Rs 1.26 Lakh Crore. AU SFB enjoys the trust of marquee investors and is listed at both NSE and BSE. It has consistently maintained high external credit Rating and is presently rated ‘AA/Stable’ by CRISIL Ratings, ICRA Ltd., CARE Ratings and India Ratings, while the Bank’s FD is rated ‘AA+/Stable’ from CRISIL Ratings.

Website: www.aubank.in | Twitter: @aubankindia | Facebook: AU Small Finance Bank | LinkedIn: AU Bank

About Kotak Mahindra Life Insurance Company Ltd     

Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long term savings. Kotak Life is one of the fastest growing insurance companies in India with 303 branches across 146 cities and has covered more than 5 crore active lives as on 31st August 2024.

For more details, visit www.kotaklife.com

UST Launches 'UST Retail GenAI Platform' - Transforming Retail Operations With Generative AI-Driven Solutions

·         Designed for the retail sector, the UST Retail GenAI Platform empowers businesses with end-to-end operational enhancements, driving efficiency and growth.

·         Purpose-built for retailers, the UST Retail GenAI Platform delivers comprehensive tools to optimize every facet of retail operations, from logistics to customer experience.

UST, a leading digital transformation solutions company, has unveiled its 'UST Retail GenAI platform' at the London Innovation Lab. Steve Rempel, SVP & International CIO at Walgreens Boots Alliance, inaugurated this pioneering platform to transform retail operations through the power of Generative AI. Steve shared valuable insights on critical success factors to enable GenAI adoption, including the need to appreciate the trust cycle while planning various investments. Prior to the inauguration, UST’s CEO, Krishna Sudheendra, shared the focus with which UST is championing the adoption of Generative AI, including the in-house program to train 25,000 employees on GenAI.

AI has the potential to unlock between $400B and $660B in economic value for the retail industry, according to research. However, few companies have fully realized the potential of new technologies. Developed in-house by UST’s technology and industry sector experts, the platform combines established business models with key GenAI capabilities such as search, summarization, automation, and creation to revolutionize retail practices.

This state-of-the-art platform enables larger business teams to have an out-of-box experience for scenarios in the retail enterprise that would benefit from GenAI-led investments. The platform maps the alignment between GenAI and business capabilities, allowing for more effective decision-making. The UST Retail GenAI platform enables retailers to safely and swiftly pilot GenAI-driven solutions, test various scenarios and outcomes, accelerate innovation, and optimize operations. Retailers can conceptualize and plan their AI strategies with the help of scenario cards, which integrate the 'Enterprise knowhow' to address specific challenges.

"At UST, we've partnered with six of the world's top ten retailers, transforming their businesses. While AI is already transforming retail operations, we still need to unlock its full potential. The UST Retail GenAI Platform offers a structured approach for exploring generative AI scenarios, marking a significant milestone in our mission to revolutionize retail operations through the power of generative AI. This is aligned to our focus on building platforms that can help scale the adoption of GenAI-led ways of working,” said Krishna Sudheendra, Chief Executive Officer, UST.

The benefits of investing in digital transformation and specifically AI were echoed in a recent survey commissioned by UST, where respondents cited building resilience to cope with future disruption the highest, increasing profitability, and improving sustainability as key outcomes of technological advancements within their business. UST AlphaAI consolidates the company’s AI offerings to enhance business agility, streamline operations, and accelerate digital transformation journeys.

About UST

Since 1999, UST has worked side by side with the world's best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients' organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.