L&T Technology Services Inaugurates Engineering R&D Centre In Poland To Provide Embedded And Digital Solutions To Clients

* Krakow ER&D Centre to cater to major industries including Automotive and Hi-Tech; LTTS to ramp up the centre headcount to over 300 engineers

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure-play engineering services company, today inaugurated its Engineering, Research and Development (ER&D) centre in Krakow, Poland, which will cater to global customers, leveraging cutting edge technologies in the Automotive, Mobility and Hi-Tech domains.

The state-of-the-art centre will mark its expansion into Eastern Europe, contributing to the growth of regional economy, delivering cutting-edge technology, expanding workforce, and support major projects through its innovative engineering processes. The ER&D centre will cater to several major customers in Europe and North America, including a U.S. based automotive Tier 1 company.

In the new Engineering R&D Centre, LTTS will work on both software and hardware development of product lines. This centre is part of LTTS’ global delivery model and is a logical extension of LTTS’ Munich, Gothenburg and Jerusalem engineering centres, allowing the new centre to bring in specialized competencies along with local talent.

The ER&D centre was officially inaugurated by the Deputy Mayor of the City of Krakow, Mr. Jerzy Muzyk and Ambassador of India to the Republic of Poland, Her Excellency Nagma Mohamed Mallick, in the presence of Mr. Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services.

Known for imparting first-class technical education, academic ecosystem and infrastructure, Poland provides a pool of talented engineers who are setting a benchmark in cutting-edge technology. LTTS plans to hire up to 300 engineers in the next three years for the centre. LTTS will also utilize its in-house Global Engineering Academy (GEA) to enable employees to reskill and upskill their domain knowledge and align it to customer requirements, while exploring collaboration opportunities with AGH University Krakow, Krakow University of Technology and UK-based Coventry University to expand the engineering talent pool in Poland.

Mr. Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services, said, “By establishing this important centre in Poland, we aim to make our customers in Europe and North America benefit from LTTS’ long-standing expertise in new age engineering and embedded technologies. We also seek to tap into the local engineering talent pool for many of our mission critical global programs, and will work with the local administration and the academia to further develop the local ecosystem. We would also like to express our gratitude for all the support we have received from government institutions and local authorities”.

Mr. Jerzy Muzyk, Deputy Mayor of the City of Krakow, commented on the inauguration, “We welcome the investments from an Engineering Services leader like LTTS. With LTTS set to contribute in important aspects like technology advancements, R&D and skill building for young engineers, I am optimistic that the local population will benefit greatly from this ER&D Hub”. 

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 20,800 employees spread across 17 global design centres, 28 global sales offices and 89 innovation labs as of March 31, 2022. For more information,  visit https://www.ltts.com/

Honeywell, with Narayana Health Partner To Explore Co-Creation Of Healthcare Technologies

* Strategic partnership will develop a digital transformation roadmap and create opportunities for co-innovation in healthcare technologies  

Honeywell (NASDAQ: HON) today announced the signing of a non-binding memorandum of understanding (MoU) with Narayana Hrudayalaya Limited (Narayana Health) to identify, assess and collaborate on opportunities for the latter’s digital transformation journey. This will enable Narayana Health to offer technology-driven, affordable and accessible healthcare for all. The MoU is subject to definitive agreements to be executed between Honeywell and Narayana Health.

“These are times of great promise and even greater opportunities in healthcare innovation. At Honeywell, we recognize this and have pivoted towards the development of technologies that will shape the future of healthcare delivery. The MoU with Narayana Health – one of India’s foremost healthcare service providers – offers us an opportunity to create a strategic technology development roadmap that will eventually transform India’s healthcare industry,” said Suresh Venkatarayalu, chief technology officer, Honeywell.

"Sensors and digital technology will disrupt health care delivery. Narayana Healthcare is delighted to work with Honeywell to develop digital technologies for making health care safer, more accessible, and more affordable," said Dr. Devi Prasad Shetty, chairman and executive director, Narayana Healthcare.

Honeywell’s Advanced Sensing Technologies (AST) healthcare business builds on the company’s global leadership in sensors to offer devices and software for hospitals, clinics and elderly care facilities to improve communication, collaboration and coordination of clinical care.

“The pandemic made it abundantly clear that healthcare organizations need technology that can be seamlessly integrated into existing systems and processes to streamline error prone tasks, enhance patient experience, and improve organizational agility,” said Robert Robinson, vice president and general manager, Advanced Sensing Technologies Healthcare, Honeywell.

Based on the terms of the MoU, Honeywell and Narayana Health will work towards co-innovation and introduction of new products, establish technology development centers, co-create joint capabilities in technology development and research, and undertake the development of fire safety codecs that ensure an end-to-end life safety system to make hospitals safer. As a technology partner, Honeywell will also help enhance and optimize Narayana Health’s digital processes and offer training to its employees.

The healthcare industry is continuously evolving to keep up with increasing regulatory pressures, while maintaining an environment where patients and staff feel safe. COVID-19 highlighted the need for bringing efficiencies in healthcare delivery to enable fewer personnel to do more onsite. The growth in telemedicine also opened newer avenues for hospitals to manage patient care. Healthcare providers often struggle with developing the right approach to stay ahead of these changes.  

To help meet some of these challenges, last year Honeywell launched its Real-Time Health Monitoring System (RTHMS). This is a smart edge-to-cloud communication platform for remote and real-time patient monitoring that acts as a bridge between caregiver and patient. This offering integrates hardware and software to improve care delivery, enhance healthcare worker productivity, and enable process efficiency. By digitizing and automating critical tasks, RTHMS can reduce hospital administrative tasks by 35%.[1] 

"Narayana Healthcare has made remarkable progress in using technology to improve clinical outcomes and increase healthcare delivery efficiency. Honeywell's sensor-based applications will complement our efforts in real-time patient monitoring and fire safety, raising the bar for others to meet," said Dr. Emmanuel Rupert, managing director and group chief executive officer, Narayana Hrudayalaya Limited.

Honeywell has a robust portfolio of healthcare technologies – from a patient’s first visit, to diagnosis, and returning home from care, Honeywell has the technologies to help healthcare providers increase productivity, efficiency, and shape the future of their organizations.   

About Honeywell

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell,  visit www.honeywell.com/newsroom.

Ramdas Baliga Appointed As Managing Director, Toshiba Software India Private Limited

Toshiba Software India Private Limited (TSIP), a wholly owned subsidiary of Toshiba Group today announced the appointment of Mr. Ramdas Baliga as its new Managing Director. Holding a Master of Technology (MTech) degree in Computer Science and Engineering from the prestigious Indian Institute of Technology (IIT), Mumbai, Mr. Baliga succeeds Mr. Takashi Ishikawa who was at the helm of Toshiba Software India Pvt. Ltd.  for four years.

Welcoming Mr. Baliga to his new role, Mr. Ishikawa stated “It has been a great pleasure to serve as the MD of TSIP. During my tenure, I established the slogan “Across & Beyond” to further enhance the value of TSIP. I am proud that, with this slogan, TSIP has accelerated its shift from ODC (Offshore Development Centre) to CoE (Centre of Excellence), even during the difficult period of pandemic. I am happy to pass on the baton to Mr. Ramdas Baliga, who has been leading a wide area of business with various technology domains in TSIP. I believe Mr. Baliga will lead TSIP to greater heights.”

Commenting on his appointment, Mr. Ramdas Baliga stated, “Toshiba Software India is an intrinsic part of the Toshiba Group’s digital and software transformation worldwide. As the world shifts towards digital transformation at an accelerated pace, we aim to empower digital agility across and beyond Toshiba, evolving TSIP into a Digitally Agile Centre of Excellence. TSIP’s deliveries tie very well into Toshiba’s goal of applying Digital Technologies across Physical systems, where Toshiba is already a world leader, thereby realizing leadership in Cyber Physical Systems. Grounded in the Group’s commitment of “Committed to People, Committed to the Future.”, TSIP’s expertise covers a wide range of high-technology domains including energy and infrastructure systems, smart card systems, battery management systems, solid-state memories & hard-disk storage, System-on-Chip (SoC), automotive, Multi-Function Peripheral (MFP), Point-of-Sale (PoS), bar-code systems and medical systems. We are building a robust team of engineers who will acquire and expand their skillset working on advanced Artificial Intelligence, Data Analytics, Machine Learning, Computer Vision and IoT Cloud technologies etc.”

Mr. Baliga joined TSIP in 2003. During his over 18 years of association with the company, Mr. Baliga held various leadership roles and positions, and played an instrumental role in designing and developing IT technologies and solutions for Toshiba Group companies in India and overseas.

Under his aegis, Toshiba Software’s development centres at Bengaluru and Pune have long been considered as centres of operational excellence. Currently, TSIP has a strong team of more than 1000 employees and is aspiring to increase the talent acquisition efforts to fulfil its rapidly expanding customer base. TSIP has successfully created an innovative and flexible work environment to bring out the best in the employees and make TSIP a great place to work.

Endeavouring to achieve operation excellence at all times, TSIP will contribute to DIGITAL INDIA, to turn on the promise of a new day.

About Toshiba Software India Private Limited (TSIP)

Toshiba Software India Private Limited (TSIP) is a wholly owned subsidiary of Toshiba Group. Since its inception in the year 2002, TSIP has been at the forefront of developing cutting edge technologies and providing innovative software solutions. TSIP works for software solutions at all layers of software architecture - Drivers, OS & schedulers, Multi-Core Firmware, Middleware and Applications. TSIP functions as a technology hub by leveraging technologies including AI/ML, IoT, Cloud solutions, Embedded Software & Systems Development, Application Development, Software Testing, Data Science and ERP Solutions to create state-of-art products & services across multiple domains. These domains are broadly categorized under Retail & Printing Solutions, Electronic Devices & Storage Solutions, Energy Systems & Solutions, Infrastructure Systems & Solutions, Digital Solutions and Battery Business.

CoinSwitch Plans To Double Headcount, Build India’s Web3 Ecosystem

CoinSwitch, India’s largest Crypto investing app, plans to be 1000 employees strong by the end of 2022. The company plans to hire across levels with key focus on engineering, information security, product and analytics. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari as an aggregator, CoinSwitch launched CoinSwitch Kuber for India in June 2020 to create a simplified crypto investing ecosystem and enable users to start their crypto investing journey in a safe and secure manner.

CoinSwitch has hired 500 people since its India launch in June 2020.

“The new Internet wave is here and the future big tech companies will be built on Web3. India is a talent rich country and we would like to play an active role in hiring the best minds and preparing them to make India the largest hub of web3 specialists . Our hiring process is designed to ensure we hire the best candidates, nurture and induct them to build for the future”, said Ashish Singhal, Co-Founder and CEO of CoinSwitch.

The company grew its registered user base from 1 million to 14 million between  January 2021 to January 2022 and currently stands at 18 million. During this period, CoinSwitch also became a source of learning for crypto enthusiasts, as it ramped up its efforts to educate users on the art of investing and the world of crypto. An average user spent 27 minutes on the app to not just buy, trade, and sell crypto assets but also read informative articles on the platform, a sharp rise from 13 minutes at the beginning of the year.

The crypto-first company will be evolving into a wealth tech platform this year with non-crypto offerings soon.

About CoinSwitch

CoinSwitch is on a mission to Make Money Equal for All. India’s largest Crypto investing app and a Great Place to Work®, CoinSwitch is creating an ecosystem that simplifies Crypto and is trusted by over 15 million registered users. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital, Ribbit Capital, Paradigm, and Coinbase Ventures, the company is evolving into a wealth-tech destination for every Indian. For more information, visit: www.coinswitch.co

Capillary Partners With Wazir Advisors To Promote Its Full-Stack Ecommerce Solution

Capillary Technologies Limited (a B2B SaaS company providing full-stack E-commerce solutions) today announced its partnership with Wazir Advisors, CPG and Retail consultancy firm, to accelerate growth for its full-stack e-commerce solution.

A dramatic rise in online sales since the beginning of the COVID-19 pandemic has undoubtedly pushed retailers to completely fortify their digital strategies. To fulfill this need, Capillary’s full-stack e-commerce model assists brands to build and execute a long-term online strategy as well as achieve substantial growth online. The B2B SaaS Company thus offers guidance in the development

and implementation of the online strategy, investment commitments, and brand’s marketing and operation teams.

Powered by Capillary’s Anywhere Commerce platform, Capillary’s full-stack model has helped its customers generate significant digital growth, and Wazir Advisors will help the company expand this offering to more brands that are looking for a holistic e-commerce solution. Said Arun Naikar (VP of Anywhere Commerce, Capillary Technologies), “The customer’s demand for digital channels is on the rise, and by incorporating a 360-degree approach, we want to help businesses not only with the varied capabilities of Anywhere Commerce+ but also with managing the platform optimally, driving both traffic and revenue. We have reaped major success with apparel brands like Indian Terrain, which has achieved a 30X online sales growth in 12 months. Together, with Wazir Advisors, we can truly empower brands to navigate the infinite world of digital channels.”

Since 2009, Wazir Advisors has been guiding brands from various industries like CPG, Fashion & Apparel, FMCG and Packaged Food to capture sustainably profitable business opportunities. Their consulting expertise also includes guiding companies into new ventures, markets and product segments as well as streamlining business strategies. As elaborated by Harminder Sahni, Founder, Wazir Advisors, “With Capillary’s partnership, Wazir can now enable its clients to rely on Capillary’s end-to-end digital ecosystem for their ecommerce needs.”

According to Pakhi Saxena, Head CPG Retail “Wazir Advisors vast experience of working with legacy as well as digital native brands will lend to evolving the ecosystem with focus on optimization levers in addition to growth.”

Zoho Corp. Invests In Genrobotics, A Home-Grown Deep-Tech Startup Using Robotics To End Manual Scavenging

* Genrobotics aims to deploy over one lakh Bandicoot robots across the country, and expand their product portfolio to the healthcare sector.

Zoho Corp., the Chennai-headquartered global technology company, announced today that it has invested ?20 crores in Genrobotics, an Indian startup building robotics and AI-powered solutions for social issues such as hazardous working conditions. Zoho's investment will assist Genrobotics in its mission to eradicate manual scavenging in India and provide safety and dignity to workers in the sanitation and oil and gas industries. This investment reflects Zoho's mission to nurture the development of a deep-tech ecosystem in the country.

Genrobotics' primary offering is the Bandicoot robot, the world's first robotic scavenger, which helps clean confined spaces such as sewers manholes, sewer wells, storm water manholes, oily water sewers (OWS) and storm water sewers (SWS) in refineries. Currently, smart cities, Urban Local Bodies (ULBs), refineries, multinational companies, townships and housing colonies across 14 states are leveraging Bandicoot robots, thereby eliminating the need for human entry into manholes. Genrobotics has recently ventured into healthcare and launched a robot-assisted gait training solution—G Gaiter—to aid the recovery of people with paraplegia through improved rehabilitation experiences. Genrobotics products, part of the Make in India initiative, are completely designed and manufactured in the country.

"Nurturing a thriving deep-tech ecosystem in India is one of Zoho's priorities, and the investment in Genrobotics is a continuation of that commitment," said Sridhar Vembu, CEO and co-founder of Zoho Corp. "Building such technological competencies and critical know-how locally can help foster sustainable growth across key sectors, like industrial manufacturing, healthcare, and energy, in turn making the country economically stronger and self-reliant. Making this a reality requires focused, long-term investments that support home-grown deep-tech startups through intensive R&D and engineering phases, and enable them to bring their ideas to the market. Looking at how far they have come already in this journey, Genrobotics' vision resonates with us at Zoho and we are happy to fast-track their efforts and support them in their mission to end manual scavenging."

"We believe in the power of robotics and AI for building a better and safer world for the future generation," said Vimal Govind MK, CEO and co-founder of Genrobotics. "Bandicoot, which combines the use of human intelligence and Artificial Intelligence, is transforming the sanitation and oil and gas industries by offering a viable alternative to the dangerous practice of manual cleaning. Meanwhile, through our #MissionRobohole, which aims to turn manholes into roboholes, we have rehabilitated hundreds of people who were working as manual scavengers by training them to be robot operators."

"In order to end manual scavenging in India, more than one lakh robots will be required," Govind added. "As we scale to fill the need gap, we estimate creation of nearly five-lakh jobs across the country. The investment from Zoho will help us to expand our advanced R&D infrastructure, build large-scale production facilities, hire more talent, increase our exports to ASEAN markets and expand our global footprints."

Bandicoot: the world's first robotic scavenger

Manual scavenging is a hazardous occupation due to unsanitary working conditions and safety risks, such as asphyxiation due to poisonous gas. Bandicoot, which was launched in the presence of Prime Minister Narendra Modi in 2018, provides a transformative solution that can put an end to this inhuman and archaic practice.

Bandicoot helps clean confined spaces such as sewers manholes and oil pits. The robots are designed to mimic human movements with the help of AI: they use their legs, various sensors and cameras to enter manholes, move around and gain stability in different terrains; the multipurpose robotic arm can perform actions such as shovelling, grabbing, picking and water-jet positioning necessary for various types of cleaning. It is equipped with a sensor to detect poisonous gases and specially-designed four-IP68 night vision cameras that provide visuals of the confined space through the user interface located safely above the manhole, enabling sanitation workers to do their jobs safely and efficiently.

Samsung Electronics And Red Hat Announce Collaboration In The Field Of Next-Generation Memory Software

- Far-ranging collaboration in next-generation memory software technology aimed at gaining full support throughout the Red Hat Enterprise Linux operating system

- Development and verification of software solutions at new 'Samsung Memory Research Cloud' to aid in configuring optimal hardware and software combinations in server environments

Samsung Electronics, the world leader in advanced memory technology, and Red Hat, Inc., the world’s leading provider of open source solutions, today announced a broad collaboration on software technologies for next-generation memory solutions. The partnership will focus on the development and validation of open source software for existing and emerging memory and storage products, including NVMe SSDs; CXL memory; computational memory/storage (HBM-PIM, Smart SSDs) and fabrics — in building an expansive ecosystem for closely integrated memory hardware and software.

The exponential growth of data driven by AI, AR and the fast-approaching metaverse is bringing disruptive changes to memory designs, requiring more sophisticated software technologies that better link with the latest hardware advancements.

“Samsung and Red Hat will make a concerted effort to define and standardize memory software solutions that embrace evolving server and memory hardware, while building a more robust memory ecosystem,” said Yongcheol Bae, Executive Vice President and Head of the Memory Application Engineering Team at Samsung Electronics. “We will invite partners from across the IT industry to join us in expanding the software-hardware memory ecosystem to create greater customer value.”

“In the upcoming data-centric era, the integration of memory-centric hardware and software architectures will become increasingly essential, and for this purpose, Red Hat is happy to participate in the joint undertaking with Samsung,” added Marjet Andriesse, Senior Vice President and Head of Red Hat Asia Pacific.

The new partnership marks the first time that Samsung has joined forces with an open source software company to foster engagements across the IT marketplace. As an extension to this strategic collaboration, Samsung will launch the Samsung Memory Research Cloud (SMRC), where the two companies will develop and verify software solutions on diverse server environments.

Serving as an open collaboration hub, the SMRC will enable customers and partners to evaluate new software products in configuring optimal combinations with memory hardware.

The companies will also participate in open source communities such as the Linux Foundation, to ensure that their software technology has full support in Red Hat Enterprise Linux, and with other open source software stacks.

Samsung plans to open its SMRC platform in the second half of this year and expects it to act as an ongoing catalyst for innovation in future IT systems.