Jet Airways Set To Re-Start Domestic Operations During Q1 2022

Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful resolution applicant of Jet Airways.  

The process of reviving the grounded carrier is on track with the existing Air Operator Certificate (AOC) already under process for revalidation. The Consortium is working closely with the relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking. Senior Members of the Jalan Kalrock Consortium along with Jet 2.0 Operations Team led by the newly appointed Capt. Sudhir Gaur, Accountable Manager, and acting CEO visited key airports last month and held productive meetings with them. 

Elaborating on details, Mr. Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium and the proposed Non-Executive Chairman of Jet Airways said “We received the NCLT approval in June 2021, and since then we have been working closely with all concerned authorities to get the airline back in the skies. Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022. Our plan is to have 50+ aircraft in 3 years and 100+ in 5 years which also fits perfectly well with the short-term and long-term business plan of the Consortium. The aircraft are being selected based on competitive long term leasing solutions. It is the first time in the history of Aviation that an airline grounded for more than 2 years is being revived and we are looking forward to being a part of this historic journey. The brand Jet Airways has a huge loyalty-base and we are confident that with industry stalwarts like Capt Gaur, we will be able to capitalize and create new benchmarks. We would like to assure all our loyal Jet Airways guests that your favourite airline will soon be back in the skies.” 

The revival plan for Jet Airways is being implemented as approved by NCLT and all the creditors will be settled as per the plan in the coming months. 

Sharing operational details, the new Accountable Manager and acting CEO of Jet Airways, Capt. Gaur said “Jet Airways is a brand which has grown bigger and stronger over the last two decades. In its new avatar, Jet Airways will now be headquartered in Delhi NCR with its senior management working from the Corporate Office at Gurugram. However, Jet Airways will continue to have strong and significant presence in Mumbai where it will work from its ‘Global One’ office in Kurla. Jet Airways also has a state-of-the-art training centre located at Global One, which will be retained and used for in-house training for the Jet Airways team.” 

Adding further, Capt Gaur said, “We will start with domestic operations on an all narrow-body aircraft fleet leased from major global aircraft lessors who have approached us, and with whom we continue to engage. Jet Airways has already hired 150+ full time employees on its payroll and we are looking to onboard another 1,000+ employees FY 2021-22 across categories. The hiring will be in a phased manner and will be strictly on merit, to meet the operational requirements of the airline. The team at Jet Airways is committed to ensure that Jet Airways will restart its operations with its first flight from New Delhi to Mumbai by Q1 2022.” 

ABOUT JKC 

Mr. Murari Lal Jalan is the lead member and proposed promoter of Jet Airways.  

Mr Jalan is a visionary who expanded his business horizon by investing in multiple paper manufacturing units in India, diversifying his business into mining, trading, FMCG, renewable energy, and other financial and strategic investments across the Globe. Mr. Jalan's passion for aviation started in early 2020 when he initiated discussions with the Government of Uzbekistan to develop an International Airport in Namangan City. His desire for aviation got the right push in May 2020 when the bidding process for Jet Airways opened for the fourth time. When major aviation companies decided to stay away from new acquisitions, Mr. Jalan saw potential in Jet Airways.  

Jet Airways is a common household aviation brand in India and the oldest private airline with a history of more than 25 years. The aviation sector was deeply hit by COVID-19, but that helped the sector as it underwent substantial correction and created an opportune time to start an airline. Given the potential in Indian aviation and with aircraft and human capital available in abundance, Mr. Jalan knew there was no better time to enter the Indian aviation market. In no time, he put together a core team to lead the process and on 17th October 2020 he was announced as a successful bidder for the airline.  

Kalrock Capital, is an investment group founded by serial entrepreneur Florian Fritsch. 

Florian has partnered with some of the world’s most influential families and organizations via Kalrock Partners. The group provides a combination of investment and advisory services in financial, marketing, managerial and legal matters to all its partners and most importantly facilitates meaningful strategic relationships accessing investment opportunities with global impact. Florian’s track record is all about timing and execution. He is a true Conscious Capitalist who is interested in leaving a positive impact via his investment strategy. His relationships to date span multifamily offices, venture capital and private equity funds, insurance companies and industrial conglomerates. The group has been investing successfully into alternative asset classes over the past 20 years, both as a principal investor, as well as in co-investment syndicates. 

Olympic Shuttler PV Sindhu Launches Bank Of Baroda’s All “New Corporate Website”

Bank of Baroda, India’s Best technology bank* 2021, launched its all new Corporate Website- https://www.bankofbaroda.in/ at the hands of 2x Olympic winner, PV Sindhu. With an aim to provide a well-integrated digital banking and to meet the aspirations of its customer base which are millennials and GenZ, the Bank has redesigned its Corporate website with a user-friendly layout, advanced features and operations. The event was graced by Shri. Vikramaditya Singh Khichi, ED, Bank Of Baroda along with other EDs and key senior personnel of the Bank.  

Bank of Baroda is looking forward to a strategic and impactful corporate digital makeover to serve the evolving needs of its vast customer base in India and abroad. The transformation is focused on centralization of operations, building capabilities and enhancing competencies. The renewed secured technology platform follows suit of simplicity and embraces the concept of digital transformation while keeping in mind the needs of the hour. The new Bank of Baroda official website is based on a thematic app based design approach and is built to provide a seamless digital only banking technology experience for the bank’s existing and prospective customers across the globe. As the Bank looks forward to a strategic and impactful web interface revamp it will help bank connect with the newly adopted digital savvy behaviour of the consumers. 

On this occasion, Shri. Vikramaditya Singh Khichi, ED, Bank of Baroda said, “Today we are living in both, a real as well as a digitally enabled virtual world.  We want to bring this virtual world to life through our bank’s digital offerings and revamping our Corporate website is one of the key steps towards it. The new Corporate website exemplifies how we are leveraging the technologically sophisticated and personalized offerings to strengthen our customer engagements. It is embedded with enriched features, robust search functionalities and modules along with many other technologically upgraded features which will give an extensive canvas to customers for navigating on the website with ease.  

The best use of the colours vermillion, blue, and white will create a strong link with our brand and make it more visually appealing for visitors to browse on the page. There is a statistical evidence of increased customer impressions on our website for everyday banking requirements so we are ensuring that they enjoy a smoother, richer and more delightful online experience while visiting the website.”  

The renewed official Bank of Baroda website is equipped with many enhanced features like: 

Personalized user journey and intuitive navigation to showcase relevant products to visitors  

Robust search functionality with voice search and popular search tags  

Blogs, Quick-access links and wide range of utilities 

Interactive and useful business tools for end-to-end financial requirements 

Unique, agile and seamless user interface + user experience 

The Bank’s association with PV Sindhu for the launch is apt as the 2xOlympic winner perfectly matches the brand ethos of Bank of Baroda which exuberates credibility, perseverance and determination.  

On this momentous occasion, ace shuttler PV Sindhu said, “I would like to congratulate Bank of Baroda for unveiling its new website. My association with the Bank began even before Rio Olympics 2016. The Bank has supported and encouraged me throughout my journey and it has extended an unconditional support at a very crucial time of my career.  The Bank has worked hard with maximum efforts even during the pandemic and I really appreciate that it has put forth customer convenience at the center of it all. For enhancing the customer experience the Bank launched its all new corporate website and digital services platform bob World. I am proud to be part of Bank of Baroda family and I am an avid user of the bobWorld app which has best-in-class banking services. The key features of Save , Shop, Invest and Borrow answers all my financial requirements and I whole-heartedly endorse the same to everyone around me. I wish the Bank all the very best for its future endeavors and hope that my association with the Bank continues. 

About Bank of Baroda:  

Bank of Baroda (“The Bank”) established on 20th July 1908 is a State-owned banking and financial services organisation, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. 

Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 8,200+ branches, 11,600+ ATMs, Cash Recyclers supported by self-service channels and over 23,000 Business Correspondents. The Bank has a significant international presence with a network of 96 branches/offices of subsidiaries, spanning 18 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. IndiaFirst Life Insurance Company Limited and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank. 

Visit us at www.bankofbaroda.in  

Facebook https://www.facebook.com/bankofbaroda/ 

Twitter https://twitter.com/bankofbaroda 

Instagram https://www.instagram.com/officialbankofbaroda/ 

YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA  

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

Paytm Payments Bank Launches India’s First "FASTag-Based Metro Parking Facility", Leads Digitization Of Parking Sites In India

- Enables operators to deduct parking charges from the FASTag account of car owners, in partnership with DMRC

- Implements UPI-based payment solution for 2-wheelers entering the parking site

- Kashmere Gate metro station in the national capital becomes the first to have a fully digitized parking lot

- Will provide digital payment solutions for parking areas at shopping malls, hospitals, and airports

India’s homegrown Paytm Payments Bank Ltd (PPBL) has announced that it has enabled the country’s first "FASTag-based metro parking facility" in partnership with Delhi Metro Rail Corporation (DMRC). As an acquiring bank for the parking facility at the Kashmere Gate metro station, PPBL will facilitate the processing of all FASTag based transactions for cars having a valid FASTag sticker, thus eliminating the hassle of stopping and paying cash at the counter. Additionally, Paytm Payments Bank has enabled a UPI-based payment solution for 2-wheelers entering the parking site, thus digitizing the entire parking payments at the site.

With the implementation of the PPBL powered FASTag system, car owners are no longer required to tender cash and parking fee is deducted directly from the wallet or account linked with the FASTag of the respective vehicles. Two-wheeler owners can also pay their parking fees digitally at the metro station via a simple UPI payment. Currently, the facility is available at the metro station's gate number 6 and it offers parking space for 174 two-wheelers & 55 four-wheelers.

Mangu Singh, MD, DMRC, said, “This is another step towards digitalization in the DMRC's endeavour to provide solutions to our customers especially in these times when contactless transactional methods are the need of the hour.”

PPBL will digitize parking facilities across the country with Kashmere Gate metro station being the first one to be powered by the bank’s digital payment solution. The bank is closely working with various municipal corporations across several states to initiate FASTag-based parking facilities both at organized and unorganized sites. The bank is also in discussion with various stakeholders to implement digital payment solutions for parking areas at shopping malls, hospitals, and airports.

Satish Gupta, MD & CEO - Paytm Payments Bank Ltd said, "It has been our endeavour to expand the FASTag network in our country and empower our users with seamless & hassle-free travel. In this quest, we are excited to partner with the Delhi Metro Rail Corporation for enabling digital payment solutions at their parking facility. We will continue to work with other parking providers across the country to adopt a safe and contactless payment solution by implementing the FASTag system."

Paytm Payments Bank is already India’s largest issuer of FASTags and acquirer of Toll Plazas for the National Electronic Toll Collection (NETC) program. PPBL FASTag has become the country's most preferred toll payment method as it allows users to directly pay from the Paytm Wallet. Users do not need to create any separate account for using and recharging their FASTags. The issuance process is quick, easy & convenient, and doesn't require multiple documents or separate login credentials. Unlike tags from other banks which may require a couple of hours to get activated, PPBL FASTags are activated instantly from the moment users receive them. All FASTag transactions can be monitored on the Paytm app itself. 

OPPO Enco Buds – Best TWS Under 2K, On Sale Starting Sept 14; Launch Price Of INR 1,799 On Flipkart

* The launch offer will last for 3-days, starting 14th September till 16th September

* OPPO Enco Buds is priced in India at INR 1,999

The new OPPO Enco Buds, packed with features such as 24 hours of high-quality concert-like music playtime, AAC Audio Codecs and AI-based intelligent call noise-cancellation technology, will be available starting 14th September, exclusively on Flipkart, at an exciting launch offer price of INR 1,799.

The launch offer will last for three days, from 14th September to 16th September, after which it will retail at INR 1,999 in India.

The OPPO Enco Buds TWS case pack a long-lasting 40 mAh (earbuds) / 400 mAh (charging case)battery that can support 24-hours of music playtime when fully charged and is also IP54 rated dust and water-resistant.

These TWS earbuds use a 2-layer composite diaphragm as well as the AAC (Advanced Audio Coding), a high-definition audio transmission protocol, for crisper sound and AI-based intelligent call noise-cancellation feature that efficiently blocks background noises when you are on phone calls. Other features include Open-Up Auto Connection, and intuitive touch controls.

The OPPO Enco Buds are specifically designed for users who want to upgrade from their wired- and traditional Bluetooth earphones to their first truly wireless earbuds without compromising on superior features and great design. This budget offering packs AI-based call noise-cancellation technology with 24-hour battery life and is built for users who want to upgrade from their wired- and traditional Bluetooth earphones to their first truly wireless earbuds.

* T&C: Applicable for first 3 days sales only | Terms and Conditions apply

The New BMW X5 xDrive SportX Plus Variants Launched In India

 

* Power-packed BMW TwinPower Turbo in-line 3-litre engines.

* Outstanding performance with best-in-class acceleration.

* Superior technology with BMW Gesture Control, Reversing Assistant, BMW Live Cockpit Professional.

* Premier interiors with Fine-wood Trim, Ambient Lighting and Panorama Glass Roof.

* Supreme sporting prowess, outstanding off-road ability and absolute driving comfort with BMW xDrive and Adaptive Suspension.

The new BMW X5 xDrive SportX Plus variants were launched in India today.  The new BMW X5 xDrive30d SportX Plus and BMW X5 xDrive40i SportX Plus are locally produced at BMW Plant Chennai and can now be booked at shop.bmw.in.

Mr. Vikram Pawah, President, BMW Group India said, “The BMW X5 underlines a very strong appeal with its combined off-road abilities and dynamic driving pleasure. The most successful BMW sports activity vehicle (SAV) of all time now has a new, attractive addition to its line-up - BMW X5 xDrive ‘SportX Plus’. SportX Plus celebrates the gust of adrenaline with style and self-confidence. You will experience the superior forward thrust even more intensely with its compelling sportiness, agile handling and driving versatility. Its unmistakable BMW X genes, commanding road presence and robust proportions are bound to turn heads on every road.”

The car is available at attractive prices (ex-showroom) as follows –

BMW X5 xDrive30d SportX Plus        :          INR 79,50,000

BMW X5 xDrive40i SportX Plus         :          INR 77,90,000

*Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but excludes Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price and options are subject to change without prior notice.

For further information, please contact the local authorised BMW Dealer. The new BMW X5 is available in the following metallic paintworks: Mineral White, Phytonic Blue and Black Sapphire. The new BMW X5 features Sensatec Upholstery as standard with the following combinations - Canberra Beige and Black

BMW Service Inclusive and BMW Service Inclusive Plus are optionally available with the BMW X5. These service packages cover Condition Based Service (CBS) and maintenance work with a choice of plans from 3 yrs / 40,000 kms to 10 yrs / 2,00,000 kms and starts at an attractive pricing of Rs. 1.55 per km. The BMW X5 also comes with optional BMW Repair Inclusive that extends warranty benefits from third year of operation to maximum sixth year, after the completion of the standard two-year warranty period. Together, these packages provide complete peace of mind and freedom to enjoy unlimited driving pleasure.

BMW India Financial Services offers an attractive plan with low monthly payments starting INR 65,999, assured buyback of up to 4 years and flexible end of term options. Customized and flexible financial solutions can be further designed as per individual requirements.

The new BMW X5 xDrive SportX Plus.

The design of the BMW X5 makes a powerful statement. The enlarged one-piece hexagonal kidney grille paired with a sculptured bonnet and short overhangs gives the iconic front an imposing appearance. The front LED headlights and LED fog lamps makes a solid and dynamic impression on the road because of their muscular stance. This effect is carried to the rear with the 3D wrap-around LED taillights that reach far into the sides. Roof rails in satin-finish aluminum offers perfect combination of good looks and functionality.

The interior boasts an exceptional level of comfort and functionality in an extremely sporty ambience. Together with an elevated seat position and generously proportioned interior, the front and rear occupants enjoy ample accommodation. Exclusive functions such as Sports Leather Steering Wheel, electrical seat adjustment with memory function, exterior mirror package add to the comfort. Driver and front passenger enjoy the superior sporty flair of a premium SAV with Sports Seats. Panoramic glass roof and Welcome Light Carpet are few among the long list of features that create the perfect ambience. Ambient Lighting with six dimmable designs creates an atmosphere for every mood. The car has four-zone automatic climate control with extended features. Adding to the luxurious feel are features such as electroplated controls, electrically adjustable roller sunblinds.

Thanks to the unrivalled BMW TwinPower Turbo technology, the petrol and diesel engines meld maximum power with exemplary efficiency and offer spontaneous responsiveness even at low engine speeds. The three-litre six-cylinder diesel engine of the BMW X5 xDrive30d produces an output of 195 kW / 265 hp and a maximum torque of 620 Nm at 1,500 – 2,500 rpm. The car accelerates from 0 -100 km / hr in just 6.5 seconds. The three-litre six-cylinder petrol engine of the BMW X5 xDrive40i produces an output of 250 kW / 340 hp and maximum torque of 450 Nm at 1,500 – 5,200 rpm. The car accelerates from 0 -100 km / hr in just 5.5 seconds.

BMW xDrive, an intelligent all-wheel-drive system, monitors the driving situation constantly and is quick to respond. Electronically controlled ‘Automatic Differential Brakes/Locks’ (ADB-X), extended ‘Dynamic Traction Control’ (DTC), Hill Start Assist and Hill Descent Control help to conquer every terrain. Adaptive Suspension with its individual electronically controlled dampers offers exceptional precision and improves the drive and handling dynamics. For even greater driving pleasure, it is available with steering wheel paddle shifters and cruise control with braking function as standard.

A host of BMW ConnectedDrive technologies continues to break the innovation barrier in automotive industry – BMW Gesture Control, BMW Display Key, BMW Head-Up Display and Wireless Apple CarPlay® / Android Auto. The modern cockpit concept BMW Live Cockpit Professional running on latest BMW Operating System 7.0 includes a 3D Navigation, with a high-resolution instrument cluster behind the steering wheel, a 12.3” screen and a control display also measuring 12.3”. The spread of driver assistance systems is more extensive than ever. Parking Assistant with Rear View Camera makes parking in tight spots easier by taking over acceleration, braking as well as steering. The new Reversing Assistant provides unmatched support in reversing out of a parking spot or through narrow driveways. It keeps a record of the last 50 metres driven and assists by taking over the steering. The smartphone holder integrated into the centre console allows inductive, Wireless Charging for mobile phones. The car features a new 205W HiFi loudspeaker system which conjures an engrossing treat for the ears.

BMW EfficientDynamics includes features such as 8-speed Steptronic Automatic Transmission, Auto Start-Stop, ECO PRO mode, Brake-Energy Regeneration, Electronic Power Steering, 50:50 Weight Distribution, Driving Experience Control switch and many other innovative technologies.

BMW Safety technologies includes six airbags, Attentiveness Assistance, Dynamic Stability Control (DSC) including Cornering Brake Control (CBC), electric parking brake with auto hold, side-impact protection, electronic vehicle immobilizer and crash sensor, ISOFIX child seat mounting and integrated emergency spare wheel under the load floor.

The legendary Tata 407 Goes Green: Tata Motors Launches All-New CNG Variant Of The Model

 Key highlights:

* Price starting at Rs. 12.07 lakh (ex-showroom, Pune)

* Powered by a 3.8-litre CNG engine, and comes with a 180-litre CNG tank and 10 feet load deck length

* The CNG variant offers improved profitability of up to 35% over the diesel variant

Tata Motors, India’s largest commercial vehicle manufacturer, today announced the launch of the CNG variant of its most iconic commercial vehicle— the Tata 407. Tapping into the benefits of CNG, the vehicle offers profits of up to 35% over the diesel variant. The all-new Tata 407 CNG has been designed to live up to its reputation as the ‘non-stop profit machine’, continuing to offer best-in-class performance and reliability, and adding even more value to the proposition with lower TCO. The price of the new variant starts from Rs. 12.07 lakh (ex-showroom, Pune). The vehicle is available with a 10-feet load deck, offering a high load-carrying capacity. The all-new 407 CNG will further strengthen Tata Motors’ extensive CNG portfolio, ranging from 5-tonne to 16-tonne gross vehicle weight (GVW), in the I&LCV segment.

The Tata 407 CNG is powered by a 3.8-litre CNG engine leveraging the fuel-efficient SGI engine technology and delivers maximum power of 85PS while also generating best-in-class torque of 285Nm at low rpm. The 4,995kg-GVW vehicle is equipped with a fuel tank capacity of 180 litres to ensure faster turnaround time and higher productivity. The iconic SFC (semi-forward control) cabin of the 407 is built with high-grade steel, making it safe and confidence-inspiring for drivers and owners alike. The 407 rides on front parabolic suspension, offers significantly reduced clutch and gear shift effort and low NVH levels, to offer the best comfort on all types of terrains. For the convenience and in cabin entertainment of the driver, the vehicle is equipped with a USB mobile charging port and Blaupunkt music system. The 407 range now comes loaded with the Fleet Edge – Tata Motors’ next-gen connected vehicle platform for optimal fleet management, to further increase the uptime and reduce the total cost of ownership, with a free subscription of 2 years.

Commenting on the launch, Mr. Rudrarup Maitra, Vice President, Product Line, I&LCV, Tata Motors, said, “We are thrilled to launch the all-new CNG variant of the legendary Tata 407. Arguably the most legendary commercial vehicle in India, with a 35+ year legacy, the vehicle has consistently remained a customer-favourite, selling over 1.2 million units to date – the highest ever in this segment. The main reason for the vehicle’s rich legacy is its fundamental nature as a customer-centric vehicle – engineered to deliver unmatched performance at minimal operation costs. With a steep increase in diesel prices, CNG vehicles have the potential to increase the profit potential significantly, and we are confident that the 407 CNG, in addition to the widest CNG range offered by Tata Motors, will bring a lot of value to our customers.”

The Tata 407 CNG offers a best-in-industry warranty of 3 years / 3 lakh kilometres, giving the owners complete peace of mind. The company also offers Sampoorna Seva 2.0, a comprehensive service package and a complete solution for the upkeep and maintenance of Tata Motors commercial vehicles.

About Tata Motors

Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 35 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 113 billion Tata group, Tata Motors is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.

With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India’s market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With ‘Connecting Aspirations’ at the core of its brand promise, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. Internationally, Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.

Girish Dev Joins Commtel As AI And Digital Transformation Head

Commtel, the global engineering, and technology company, has appointed Girish Dev as Head of Artificial Intelligence (AI) and Digital Transformation (DT) Business Unit. 

The company created Commtel Labs in 2019, focusing on the Research and Development of AI-powered solutions and platforms. It has now formed the AI and DT Unit to help companies operating in the critical national infrastructure (CNI) sectors through tailormade AI and DT solutions. 

Dev has spent over 25 years in financial markets with a significant track record in creating trading and digital financial services platforms. Before joining Commtel, Dev served as a Strategic Advisor and Head at a global technology group for their Blockchain and DLT ventures. Earlier, he held several roles including, the position of Chief Regulatory Officer at Multi Commodity Exchange (MCX), a Critical Information Infrastructure, was Executive Director in the Capital First Group, and MD & CEO at Geofin Comtrade.

Shriprakash Pandey, CMD, Commtel Networks, said, "Our AI and DT division aims to work closely with customers for intelligent use of the data that flows through their systems. Girish combines the skills and flexibility to lead Commtel's activities in this area as the companies in the CNI sectors continue to respond to greater challenges and accelerated change. He brings in a unique approach with the strategic intelligence and leadership to propel our new division, which we are putting intense focus on.” In the recent past Commtel had invested in nybl.ai, a knowledge-driven machine-learning platform. 

Commenting on his appointment, Dev said, “The critical infrastructure sectors, especially Energy, Power, Transportation, and the Defense have been facing increasing threats of physical and cyber-attacks. Many of these sectors are also at the forefront of significant efforts towards sustainable development. To begin with, through our AI solutions, we intend to enhance the security of the physical estate of our customers besides partnering with them for implementation of their key priorities under a comprehensive digital acceleration programme.”

About Commtel Networks:

Commtel is a global engineering and technology company providing high-performance digital communication, surveillance, security, safety, and artificial intelligence (AI) solutions for clients in the Oil & Gas, Power, Mining, Transportation, and other critical national infrastructure sectors. Commtel is at the forefront of engineering intelligence with expertise in executing turnkey solutions - design, engineering, multi-system integration, project management, commissioning, and life cycle management. Founded in 1998, Commtel has delivered over 500 projects across four continents, enabling the digital transformation of the mission-critical infrastructure of the clients.