Xiaomi India Launches Mi Summit 4.0, B-School Participants To Work On Real Business Case Studies

- Students from the top 27 business schools across India to work on business case studies and showcase their problem-solving skills

- Prizes worth 6 lakhs along with Pre-placement interviews and goodies

Xiaomi India, the country’s No.1 smartphone and smart TV brand, announced the launch of the 4th edition of 'Mi summit' with the vision of enabling B-School students to get hands-on experience with real-world business case studies and problem statements. The winners will be awarded a cash prize of INR 2 lakhs followed by INR 1 lakh cash prize for the runners-up team and pre-placement interviews for both. 

In the 4th edition, students from 27 business Schools can form a team of two from the first or second year and submit their participation. The teams will have to present solutions that resolve a problem and showcase its usability and application in the actual business environment. Structured in 5 stages the program begins with a screening quiz, followed by a pre-campus, campus, and cluster round culminating in the finale at the Xiaomi headquarters in Bangalore. All campus round winners will get a Pre-Placement Interview (PPI) offer from the country’s leading smartphone brand and stand a chance to win goodies up to 6 lakhs from Xiaomi India.

Commenting on the program, Muralikrishnan B, President, Xiaomi India said, “At Xiaomi India, we have always focused on providing opportunities to youth that empower them and help in building a brighter future. The Mi Summit program was started with the vision of helping the young and bright minds of India to follow their passion and truly understand how the world of business functions. Currently, in its 4th edition, Mi Summit over the years has received an exceptional response from students across the country, and we are looking forward to seeing innovative solutions from these future leaders.”

The top teams from each college will be bifurcated into 6 clusters wherein the top 2 teams from each cluster will be selected for the final basis their presentation. Bringing an element of surprise in its 4th edition, among participants identified from 27 business schools, this year wild card entries from non-participating schools are also welcome. Participants from any B-school can sign up for this from all over the country. The cluster winners and runners-up will get a Mi Soundbar and Redmi SonicBass Wireless Earphones along with a PPI offer respectively, whereas campus winners stand a chance to win PPI offers.

Launched in 2019, over 7000 students have participated in Mi Summit to date. In the 3rd edition, Xiaomi India reached out to 25 Business schools and saw a participation of 3000+ students. 'Team HS' from IIM Ranchi were the winners, whereas 'Team Crusaders' from XLRI were the runners-up.

Xiaomi Corporation

Xiaomi Corporation (“Xiaomi”) was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core. Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience, and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. Xiaomi is one of the world's leading smartphone companies. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 478 million smart devices connected to its platform (excluding smartphones, laptops, and tablets) as of March 31, 2022. Xiaomi products are available in more than 100 countries and regions around the world. In August 2022, Xiaomi was included in the Fortune Global 500 list for the fourth year in a row, ranking 266th.

Xiaomi India is the number 1 smartphone player since Q3 2017 IDC Quarterly Mobile Phone Tracker report.

Xiaomi India is the number 1 Smart TV brand since Q2 2018 IDC Worldwide Quarterly Tracker.

Triumph International India Launches Their First Exclusive Retail Store In Pune

* With this store, the brand is all set to charm customers with a great experience & wide product range across Triumph and sloggi brands~

Triumph International India, one of the world’s leading intimate apparel brands, has inaugurated its first exclusive standalone retail store in Pune at Phoenix Marketcity, Viman Nagar today. 

The charismatic actress, Mrunal Thakur inaugurated the new store that hosts both their brands Triumph and iconic bodywear brand sloggi, introduced by Triumph International India recently. 

Photo Caption:: Santhosh Sivaramakrishnan (Commercial Director, India & Sri Lanka, Triumph International) along with Actress Mrunal Thakur inaugurate Triumph and sloggi's first exclusive retail store in Pune.

Garware Hi-Tech Films Limited Clocks 21% Growth In Q1 Revenue

Highlights: Q1 FY23 Consolidated

Revenues up by 21% at Rs 370 crores VIS-À-VIS Rs 306 crores in Q1 FY22

EBIDTA up by 7% at Rs 71 crores VIS-À-VIS Rs 66 crores in Q1 FY22 PAT up by 24% at Rs 45 crores VIS-À-VIS Rs 36 crores in Q1 FY22

Garware Hi-Tech Films Limited (GHFL) (formerly known as Garware Polyester Limited), the flagship company of Garware Group and a leading player in specialty  Polyester  Films in India and Worldwide announced results for the first quarter ended June 30, 2022.

The management’s vision and continued focus on unique products and value-added films, along with a  higher share of consumer products have further enhanced the company’s growth trajectory which is visible in its financial performance.

Commenting on GHFL’s journey, Shri S. B. Garware, Chairperson and Managing Director,  GHFL  said, “The company’s transitioning towards a B2C company providing highly specialized and value-added products in the marketplace is seen in its growth trajectory and the efforts put in over last few years are clearly visible in the financial results. GHFL continues to craft a unique position for itself in the marketplace with a variety of offerings catering to individuals and industry by leveraging on its technology and in-house expertise. During the current year, we are increasingly optimistic about growing our sales network of dealers, distributors, and applicators in key markets across geographies.”

“I am extremely delighted to report that our company continues to consolidate its position during the quarter under review as we continue to accelerate our topline growth momentum. On the export front earnings remain robust and the outlook for the year ahead continues to remain positive,” said Ms. Monika Garware, Vice-Chairperson, and Jt. Managing Director, GHFL.

About Garware Hi-Tech Films Limited (GHFL)

Garware Hi-Tech Films Limited (BOM: 500655) (NSE: GRWRHITECH) is the flagship company of the Garware group co-promoted by Chairman and Managing Director Shri S.B. Garware in the year 1957 along with the Founder-Chairman Late Padmabhushan Dr. B. D. Garware.

GHFL manufactures Hi-Tech specialty performance polyester Films and has its state-of-the-art manufacturing facility at Aurangabad, Maharashtra, India. GHFL is the pioneer and one of the largest exporters of Polyester Films in India. GHFL has been a winner of top exporters’ awards for 33 continuous years from PLEXCOUNCIL.

GHFL manufacturing facility at Aurangabad is vertically integrated, from the manufacture of polyester chips to polyester film finished products with four independent manufacturing lines and a  business that spans globally. Polyester Films manufactured by GHFL are used for a variety of end applications.

GHFL also manufactures various coated products and co-extruded products for specialty applications, apart from its capacity to design the recipe for raw material of PET films to suit the end application of the product. The company has developed surface-protection films and Paint Protection Films designed to deliver the highest level of protection and impact resistance which have applications in many sectors.

FADA Releases July’ 2022 Vehicle Retail Data Across Indian Market

Highlights

On YoY basis, total vehicle retail for the month of July’22 saw a dip of -8%. 3W and CV were the only segments which closed positively by growing 80% and 27%. 2W, PV and Trac saw lower retail by decreasing -11%, -5% and -28% respectively.

When compared with July’19, a pre-covid month, total vehicle retails fell by -20%. PV and Trac continued to outperform by growing 19% and 7%. All the other categories were in red with 2W, 3W and CV falling by -28%, -15% and -4% respectively.

July saw erratic monsoon across most of the states. While west, central, and south India majorly faced excess rainfall, Gangetic plains and eastern India witnessed deficient rainfall.

Erratic monsoon also led to decreased Kharif sowing as area under paddy dipped by 13% at the end of July. Tractor sales which were showing good growth until a month ago hence saw a big dip in July.

With the risk of Taiwan- China tussle, threat of semi-conductor shortage is once again looming.

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for July’22.

July’22 Retails

Commenting on how July’22 performed, FADA President, Mr. Vinkesh Gulati said, “Continuing with our quest of a deeper insight in Auto Retail figures, FADA for the first time has released 3W sub-segment retail figures. After breakup of the CV segment, the 3W sub-segmentation will help all the stake holders understand the 3W market in much detail.

Auto Retail for the month of July’22 fell by -8%. July is generally considered as a lean month before festival season hits in August.

When compared with July’19, a pre-covid month, total vehicle retails fell by -20%. PV and Trac continued to outperform by growing 19% and 7%. All the other categories were in red with 2W, 3W and CV falling by -28%, -15% and -4% respectively.

The 2W retail run witnessed poor demand as Rural India continues to underperform. This coupled with high inflation, erratic monsoon and high cost of ownership continues to keep bottom of the pyramid customers at bay.

The 3W space continued to see demand recovery even though full recovery to pre-covid levels is still some time away. Digging deeper, it is clearly evident that e-rickshaws is the biggest mover in the segment. Demand recovery in 3W passenger category also shows that covid is now behind us as passenger movement has once again started gaining traction.

CV retail figures continue to witness good demand as Government’s infrastructure push is helping customers in concluding their purchase. Apart from this, the Bus segment also witnessed beginning of demand recovery as educational institutions and offices are once again back to normal mode.

The PV segment is witnessing a dream run as retail sales are already higher than 2019. Even though there is a blip in July numbers, the industry is continuously introducing new models especially in Compact SUV segment. Along with this, a better supply in coming months will help in bringing down customer anxiety due to large waiting period. We also urge all PV OEMs to recalibrate their supplies as per the market demand and avoid pushing low moving stocks.”

Near Term Outlook

July saw erratic monsoon where some states got less rainfall while others got more than required. The unfavourable weather resulted in decreased Kharif sowing as area under paddy dipped by 13% at the end of July. Tractor sales which were showing good growth till a month ago hence saw a big dip in July.

After Russia- Ukraine war, the world is once again facing the threat of Taiwan- China war. Due to this, the threat of semi-conductor shortage is once again looming as chip-maker TSMC raises red flag that if war hits, Taiwanese chip manufacturers would be rendered ‘non- operable’.

India’s services sector PMI (purchasing manager’s index) fell to 4-month low in July to 55.5 showing that growth momentum lost steam as result of weaker sales growth and inflationary pressure in previous month.

Overall, FADA remains cautiously optimistic due to the above factors as it enters the festival season. 

Key Findings from our Online Members Survey

Inventory at the end of July’22

Average inventory for Passenger Vehicles ranges from 20 – 25 days

Average inventory for Two – Wheelers ranges from 20 – 23 days

Liquidity

Neutral               49.4%

Good                 32.1%

Bad                      18.5%

Sentiment

Neutral              47.5%

Good                   35.8%

Bad                      16.7%

Expectation from August

Growth               61.7%

Flat                      27.8%

De-growth         10.5%

Jaguar Land Rover Prepares For Advanced Electrified And Connected Future With New Testing Facility

 

* Jaguar Land Rover investing for electrified and connected cars future

* Laboratory in Gaydon, UK, will help meet current and future legislation and quality standards

* New Range Rover Sport was the first vehicle to undergo a bespoke testing programme

* Electromagnetic Compatibility testing is increasingly important in vehicle development due to greater electrification and new connectivity technologies

Jaguar Land Rover has taken another step towards a new era of electrification and connectivity by opening a facility to test the next generation of vehicles for electrical and radio interference.

The Electromagnetic Compatibility (EMC) laboratory at Gaydon in the UK, will ensure future vehicles meet current and future legislation and quality standards for connectivity and electronics. New Range Rover Sport, which launched in May, was the first vehicle to undergo a bespoke testing programme at the in-house facility.

A critical aspect of vehicle performance, EMC is the ability of electrical equipment and systems to function correctly in their electromagnetic environment. It works by limiting the unintentional generation, propagation and reception of electromagnetic energy to reduce the risk of unwanted effects such as electromagnetic interference.

Jaguar Land Rover’s new vehicle laboratory features two anechoic chambers: an electrically ‘quiet’ rolling road that enables engineers to test vehicles at speed, as well as equipment to assess the performance of individual components, such as batteries or electric motors. Bluetooth, GPS, WiFi, 4G, 5G, adaptive cruise control, wireless charging and blind spot monitoring are all examples of vehicle services and features that the facility will test for EMC.

Peter Phillips, Senior Manager, Electromagnetics and Compliance at Jaguar Land Rover, said: “The importance of testing our vehicles for electromagnetic compatibility cannot be underestimated. Opening this new testing facility is an important step forward for the business and it will play a crucial role in helping us deliver quality, legal, and customer satisfaction.”

With industry advances set to increase the number of electric powertrains and the range of digital and cloud-based services on vehicles, from Software-Over-The-Air updates to autonomous technology, testing for EMC is crucial to delivering quality, legal, and customer satisfaction. This new facility demonstrates Jaguar Land Rover’s commitment to giving customers the most advanced in-vehicle connectivity as the business accelerates electrification through its Reimagine strategy.

Tips To Get The Best Wash From Your Washing Machine This Monsoon

By Rajinder Koul, Product Group Head- Washing Machines, Godrej Appliances

The onset of monsoon season has brought much relief to everyone from the scorching heat, bringing joy and elating moods. However, the flip side to this weather is the clothes getting drenched often and the humidity in the atmosphere makes it tough for clothes to dry. Since clothes tend to get dirty often, the laundry load also increases. About a third of urban Indians rely on a washing machine for their laundry today. For all these washing machine users, it is critical that the washing machine operates effectively through the year and even more so in the monsoons.

Here are some simple tips to maintain your washing machine and get the best laundry results:

·         Use the right amount of detergent. Check the product handbook to make sure you are using the right type and amount of detergent for your machine. Using a top load detergent in a front load machine, for example, is not recommended! You should also check the detergent dosage as per the load. Too much or too little detergent both are not recommended. The dosage guidance will be included in your machine manual.

·         Clean the machine: Detergents or hard input water sometimes leads to scaling on the machine – this affects the wash quality adversely and a foul smell starts getting developed especially in Front Loading Washing machines.  It is a good idea to rinse away detergent residue using a washing machine cleaning powder, through an empty load or tub clean mode. This can be done monthly. You might alternatively run an empty load of hot water with a small amount of white vinegar as an option. Add some detergent in the middle of the cycle and wait for it to finish.  Using a clean towel, wipe down the drum, doors, and gasket.

·         Prevent bad odour: A mouldy smell in the laundry area and in your clothes is never pleasant. Remember to leave the washing machine lid open after each wash, to dry out the unit and to keep it smelling fresh. Also, thoroughly wipe the gasket around the door, even from inside, after doing your laundry to prevent mold build-up. 

·         Plan your laundry: Make sure you always use the washing machine to its full capacity, but not overload it. This will help the appliance use the least amount of energy possible. If you only need to wash a few small loads, you can use the machine's eco-mode (available in select washing machines), which uses less electricity and saves water.

·         Anti- Germ Mode: Use the anti-germ option on your washing machine for bedsheets, extremely soiled clothes, or clothes you've worn outside, and which have collected muck in the rain. This setting is available in washing machines that have an internal heater allowing you to wash your clothing in hot water. While most front-load washing machines have a built-in water heater, there are a few top-load washing machines and semi -automatic models that have this feature as well. It is particularly relevant in current times.

·         Clean the lint collector: After several wash cycles, the lint collector (often found in the center column of most machines) becomes clogged. Clean it at least once a week, by washing it under tap water to ensure that it continues to efficiently collect the lint particles. This simple tip goes a long way in delivering a superior wash.

·         Being careful about the controls: While some machines come with moisture resistant controls, many don’t. It’s a good practice to keep wet clothes away from the control panel.

·         Paying attention to the basics: Ensuring proper earthing is a hygiene for all appliances, and this must be checked by the consumer by getting in touch with an electrician before installation. Further, it is often seen that consumers place the washing machine exposed to the elements. While the machine will deliver the wash performance and most machines also come with anti-rodent mesh at the bottom, it is recommended to keep the machine in a safe area, away from rodents as they can easily lead to frayed wires, leading to critical safety issues.

·         Regular servicing from an Authorized Service center: Getting the washing machine serviced, periodically by a technician who is associated with an authorized service center to clean and service various parts & components that we as consumers are unable to clean is also a good practice. Any early signs of wear and tear can also be identified & repairs can be done on time thus preventing machine breakdowns

Careful usage and regular maintenance go a long way in helping appliances to perform better – not just during the monsoon but for years to come.

ZEE Digital Concluded Its Zee National Achievers’ Awards 2022 At Gurugram

~The award show facilitated leaders from Automobile, Retail, Real Estate, Healthcare, E-commerce, FMCG, Startups, Designs, Entertainment, Fashion, Jewelry, and Hospitality industry~

Zee Media Digital, the digital media publishing arm of Zee Group, organized the National Achievers’ Awards 2022 at The Leela Ambience, Gurugram on July 28.2022. The event, carrying on the legacy of Zee Media, recognized the outstanding work/achievements by leaders from various domains. The awards also honored the spirit of change makers who overcame obstacles to create stories by their intelligence, diligence, path breaking performance and grit.

Addressing the audience at the event, Minister of State for Food Processing Industries, Prahlad Singh Patel, said, “I am extremely impressed on how Zee Digital, which has become one of the fastest-growing digital media groups in India, acknowledges the excellent work of Industry leaders across different sectors. I would like to thank everybody who has been contributing to the development of the nation as a whole.”

The awards witnessed the presence of many esteemed and renowned names such as Manoj Tiwari, Malini Awasthi, Bhanu Pratap Singh Verma, Prem Shukla, Ramesh Bidhuri, Shekhar Suman, Bhuvan Bam, along with Rithvik Dhanjani who hosted the event, and Neeti Palta who kept the audience engaged and entertained with her performance.

Speaking of the event, Shridhar Mishra, CRO – Digital, Zee Media Corporation Ltd. said, “Zee Media being a leading media house, understands the importance of felicitating change makers from various industries. We have always appreciated the incredible work done by these industry leaders. I thank the entire team for successfully concluding the Zee National Achievers Awards 2022. We are looking forward to introducing more award categories in coming years.”

Zee National Award winners comprised leaders from Auto, Retail, Real estate, Healthcare, E-commerce, FMCG, Startups, Designs, Entertainment, Fashion, Jewelry, and Hospitality industry. Some of this year’s National Achievers’ honourees include:  Kalyan Jewellers  (Business leader of the Year -Gems & Jewellery Industry); Genewin Biotech (Innovation in Agriculture & Climate change); M. Ponnaiyah Nageshwaran (Young Innovative Chancellor of the Year); Guvi (Most trusted Vernacular Edutech Brand); Mirae Asset Mutual Fund (Marketing Campaign of the year in Mutual Fund Category for Sapna in Progress Campaign); Dr Aneel Kashi Murarka (People’s Philanthropist); Lilavati Hospital & Research Centre (Best Superspeciality Hospital in West India); Mr. Ranjith Kumar - Head Marketing Air Asia (Digital Transformation Leader of the Year) and many more.

The award show was sponsored by LIC and Canara Bank.

About Zee Media Corporation Ltd: Zee Media Corporation Limited is one of India’s leading media and entertainment companies with strong presence in the news and regional entertainment genres and is India's one of the largest News Network with 14 news channels in 10 different languages touching more than 300 million viewers and digital properties like zeenews.com and dnaindia.com.