Monday, September 26, 2022

Soroco And Whatfix Announce Strategic Digital Technology Partnership


Soroco, the world’s first work graph company, today announced a strategic partnership with Whatfix, a leading digital adoption platform technology. Through this partnership, Soroco and Whatfix will enable their joint global customer base to accelerate their digital adoption journey, user onboarding, and training to drive high process conformance.  

Samson David, CEO, Soroco, said, “We are delighted to partner with Whatfix and help customers advance their digital adoption journey. By leveraging Soroco ScoutTM, powered by the work graph, enterprises will be able to drive actionable and structured insights from massive, unstructured, and undocumented data emanating from interactions between people and software. With these granular insights, we will enable customers to execute change programs and power a continuous improvement cycle.”

Khadim Batti, CEO and co-founder at Whatfix, said, “Partnering with Soroco is exciting for us as both our customers will benefit from this collaboration. Soroco’s capabilities of providing insights into the workflow by analyzing the widespread data, combined with Whatfix’s digital adoption offerings, will empower our joint customers to maximize on their tech stack investment.”

By joining forces, Soroco will help customers discover processes, process variations and capture granular insights and recommendations. With this data, Whatfix drives the adoption of SOPs by providing in-app guidance and end-user performance support, thus ensuring faster onboarding and processing. Soroco ScoutTM will also enable organizations to identify processes that can be automated with the Whatfix automation platform. Soroco and Whatfix are also integrating their capabilities to ensure seamless content creation to accelerate the digital adoption journey. 

The Whatfix and Soroco partnership will provide higher process coverage, faster time-to-value, and a significant increase in productivity, helping organizations execute change improvement programs at scale.

About Soroco  

Soroco is building the world's first work graph platform — a database of shared digital experiences emanating from our daily work. Today, teams spend over 60% of the workday on unstructured interactions across emails, documents, and custom applications – outside of ERP, CRM, and other systems of record. This massive enterprise data is untapped and undocumented. Our flagship product Scout, powered by the work graph, provides near real-time, structured insights into this last mile of work and helps enterprises accelerate their transformation journey. Unlike traditional solutions, the "work graph" provides a single source of truth. We have operations across the USA, Europe, UK, Singapore & India with a roster of Fortune 500 customers across 30 countries. Visit www.soroco.com to learn how we help teams discover their work graph.

BPCL Signs MoU With Brazilian Oil Company Petrobras To Diversify Crude Oil Sourcing


In a landmark development to diversify crude oil sourcing for energy security in India, Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, today signed a Memorandum of Understanding (MoU) with M/s Petrobras, the national oil company of Brazil.

The MoU was signed by Shri Arun Kumar Singh, Chairman & Managing Director, BPCL and Mr. Caio Paes de Andrade, CEO Petrobras, in presence of Shri Pankaj Jain, Secretary, MoPNG, Indian Ambassador to Brazil and other officials from MoPNG, in Brazil.

The signing of the MOU will strengthen future crude oil trade relations between the two companies and explore potential crude import opportunities by BPCL, on a long term basis, especially considering the current geopolitical situations.

Speaking on the development, Shri Arun Kumar Singh, C&MD BPCL, said, “We are delighted to announce that we as a company are moving a step further and trying to better the energy security in our country. This association with Petrobas will hopefully help us achieve the required goal. The latest approval by honourable PM Modi’s cabinet to invest in Brazil will help diversify India's crude oil supply and is an attempt to procure equity oil overseas. Strengthening India's foothold in Brazil will further open business avenues in neighboring Latin American countries.”

Bharat PetroResources Limited (BPRL) plans to invest $1.6 billion to develop an oil block in Brazil in an attempt to procure equity oil overseas. Through its fully owned subsidiary, Bharat PetroResources Limited, BPCL has a stake in the upstream sector in an ultra-deep water hydrocarbon block in Brazil, owned and operated by M/s Petrobras. The field development plan and final investment decision is expected to be declared soon.

Petrobas is a publicly-held corporation that operates in an integrated and specialized manner in the oil, natural gas and energy industry. They are recognized worldwide for our oil and natural gas exploration and production technology in ultra-deep waters. However, their business goes beyond the reach of the field and oil and gas extraction. This means a long process where they transport oil and gas to their refineries and natural gas treatment units, which must be equipped and constantly evolving to supply the best products.

About Bharat Petroleum Corporation Ltd. (BPCL):

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.

Bharat Petroleum’s Refineries at Mumbai & Kochi and Bina at Madhya Pradesh have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations and LPG distributors. Its distribution network comprises over 20,000 Energy Stations, over 6,200 LPG distributorships, 733 Lubes distributorships, and 123 POL storage locations, 54 LPG Bottling Plants, 60 Aviation Service Stations, 4 Lube blending plants and 4 cross-country pipelines.

Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over next 5 years.

With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions.  Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.

Nokia Offers Perfect Gifts For Your Precious Daughters On International Daughter’s Day


Parenting children in the age of screens is one of the toughest tasks in today’s generation. Daughters are very serious about what they own and very mindful because of the tech upliftment. This International daughter’s day is the perfect excuse to spoil and celebrate your daughters a bit more with coolest gifts from Nokia. From connecting your loved one in the age of 90’s to today, Nokia is one of the most trusted, durable and a perfect reminder of your love for your daughter this International Daughter’s Day.

1.      The New Nokia Classic 8210 4G - Inspired by yesterday, built for tomorrow. Nokia 8210 4G is a nod to its predecessor, bringing you even bolder design principles in an array of striking colours. Talking and texting is easier than ever thanks to crystal-clear audio, a big display, and an easy-to-use interface. The in-built MP3 player lets you store your favourite songs while the wireless FM radio lets you tune in to your favourite channels even without a headset. Plus, a big battery delivers longer talk time, and weeks of standby time, so you can switch off with confidence.

2.      Nokia 5710 XpressAudio - Your music, your rules. Nokia 5710 XpressAudio features our unique and game-changing design, purpose-built for new realms of audio freedom. The phone houses a pair of wireless earbuds beneath a sleek and robust slider – pop them out when you want to listen and put them back to charge when you’re done. And if you want to listen to music with friends, just switch to the phone’s loudspeaker.

3.      Nokia 2660 Flip - Nokia 2660 Flip is the flip-phone designed to bring you closer to the ones you love. With a big display, easy-to-use interface, and a long battery life, talking and texting has never been so easy. It’s easy to hear with loud audio settings and Hearing Aid Compatibility (HAC). With the emergency button, you can contact a loved-one instantly if the need arises.

4.      Nokia C21 Plus is the Nokia C-Series device that keeps on giving. It delivers our signature durability in a sleek design, with 2 years of quarterly security updates, as standard. A dazzling 6.5” display is perfect for discovering a world of smartphone possibilities – streaming, swiping, scrolling and sharing on the sofa or on the move. And the huge battery-life, lasting days from just one charge, lets you do more of what you love for longer.

5.      Nokia T20 Tab- Designed, built and tested with the same passion as all Nokia products, Nokia T20 brings that trusted quality to the big screen, so you have one less thing to worry about – even if your day gets a bit bumpier. Nokia T20 comes with enough power to see you through up to 7 hours of online meetings, 10 hours of movies or 15 hours of surfing the web¹. Plus, faster charging means you can get back to what you were doing even quicker. From conference calls to science class, the power is yours.

Whether you’re playing games or multi-tasking across a few apps, you need a device that keeps up. Thankfully, Nokia T20 is boasts power to spare, with an octa-core chip ensuring a faster, more reliable user experience, even when pushed to the max.

HCL And UpLink Call For Applications Globally For “Aquapreneur Innovation Initiative”


HCL, a global conglomerate and UpLink, the open innovation platform of the World Economic Forum, announced that applications have opened for the Global Freshwater Innovation Challenge. This is the first out of five Challenges of the HCL and UpLink’s Aquapreneur Innovation Initiative, a programme to source innovative solutions to conserve and restore freshwater ecosystems, from ‘aquapreneurs’ (water focused entrepreneurs). The Initiative, launched during the Forum’s Annual Meeting in Davos in May 2022, will create a first-of-its-kind innovation ecosystem for the global freshwater sector. The last date to apply is November 08, 2022. Full details and eligibility criteria can be found at this link  (https://uplink.weforum.org/uplink/s/uplink-issue/a002o0000173B6s/global-freshwater-challenge?utm_source=Partner%20General%20Toolkit&utm_medium=Social-Video-Tile&utm_campaign=20-09-2022_Global-Freshwater-Challenge-Launch_Social-Toolkit_To_Challenge-Page&utm_id=SocialToolkit). HCL has committed $15 million over five years to support the water focused entrepreneurs.  

Roshni Nadar Malhotra, Chairperson of HCL Technologies said, “An innovation ecosystem can enable water entrepreneurs with resources and mentoring to invest in creating new solutions and improving any existing ones for scale and impact. There are entrepreneurs and start-ups that have the potential to provide contextualized solutions to conserve freshwater and have been trying to create impact in small ways within small ecosystems. Out of these, many struggle to secure financing and lack the operational capacity to scale their solutions. HCL, through its large network and partnership with the World Economic Forum’s UpLink, is keen to ensure that these entrepreneurs are identified and supported.” 

The first year’s challenge, called the Global Freshwater Challenge, will focus on:  

Improved decision-making: solutionsthat fill knowledge gaps, improve data collection, and create transparent and accessible data (i.e., solutions that monitor and forecast water use & demand)  

Water quality restoration: solutions that tackle water quality by monitoring, treating, restoring or protecting it. (i.e. solutions such as solar distillers for water purification)  

Ecosystem resilience: solutions that protect source waters across the value chain and strengthen resilience to climate and weather-related shocks, taking into consideration the most vulnerable areas at risk (i.e. solutions that reduce water evapotranspiration from extreme heat, or ways to absorb and store acute flooding)

Gim Huay Neo, Managing Director of the Centre for Nature and Climate at the World Economic Forum says, “The Aquapreneur Innovation Initiative invites all entrepreneurs to participate to scale and accelerate their solutions and impact. Through this initiative, we seek to enhance freshwater resilience and better protect our water resource. The collaboration with HCL and Uplink will provide a platform for the top innovators to connect with public and private partners, as well as gain access to venture funds, to jointly transform our sustainable management and use of freshwater systems”.  

HCL and UpLink are looking for: 

Stage: Impact-oriented start-ups that are at pilot, growth or scale-up phase, with demonstrated success towards scale (i.e., a proven track record with measurable results and impact). Solutions that represent an“idea” or “prototype” phase will not be considered.  

Business Model: Ideally seeking for-profit start-up companies or social enterprises with a sustainable, and ideally hybrid, funding model.  

Scale: Start-ups which demonstrate the potential to scale, particularly for communities most impacted, alongside a vision for achieving long-term financial viability and sustainability. 

Selected entrepreneurs will have the opportunity to work closely with industry experts, investors, and ecosystem partners to further develop their innovative solution, to scale and drive further impact.  

Amazon India Opens The Metaworld Experience For Its Bengaluru Customers


Amazon India has announced the opening ‘The Amazon Metaworld’ experience for its Bengaluru customers as part of its biggest festive celebration-The Great Indian (GIF), bringing in a host of deals & offers on unique products from lakhs of sellers, Small & Medium Businesses (SMBs), and popular brands. Customers can get attractive deals on the widest selection of products from top brands across categories including smartphones, appliances, TVs, consumer electronics, fashion & beauty, Amazon Devices, home & kitchen, groceries, and more.

The Amazon Metaworld will give customers an entry into the Amazon universe, a virtual destination that will let you experience your favorite Amazon categories while competing with fellow players to win exciting goodies. The Amazon Metaworld has 9 exciting zones including local stores, smartphones, gadgets and electronics, fashion and make-up, groceries, and more.

Noor Patel, Vice President, Amazon India said “The festive season as it is indeed the most auspicious and biggest celebration of the year for the entire nation. We are excited from the response we have received. As we enter to the biggest sale festival, are fully prepared and looking forward to serving our customers with millions of offerings and a wide selection.”

“The Karnataka market is an important market for Amazon India, and we are glad to bring the Amazon Metaworld experience to our customers in namma Bengaluru”

Amazon.in’s festive event, ‘The Amazon Great Indian Festival’ (GIF) 2022 started on September 23, 2022, with Prime members getting early access. It includes over 2000 new product launches and a wide selection from top brands.

Every year, tens and thousands of associates and partners across our fulfilment centers, sortation centers, and delivery stations prepare for the GIF. Amazon India has over 50 Fulfilment Centers, Sortation Centers across 19 states, and over 1850 Amazon-owned and partner stations that are gearing up for the festive season, along with 28,000 ‘I Have Space’ partners and thousands of Amazon Flex delivery partners ready to deliver smiles to customers across the country. We have recently strengthened operational engagement with the Indian Railways, with more than 325 inter-city transportation lanes for the movement of customer packages. This is a 5X increase in railway lanes since we began working with the Indian Railways in 2019 and is one of the enablers to offer 1-day and 2-day delivery promises to customers in the hinterlands of the country. With this expansion, Amazon India now ferries customer packages with the Indian Railways to cities in Maharashtra such as Nanded, Ratnagiri, Kolhapur, and Aurangabad among others. Customers can also avail assisted shopping experience from over 1 lakh Amazon Easy stores across the country.

Saturday, September 24, 2022

Mangalam Industrial Finance Signs MOU With WardWizard Innovations & Mobility To Finance Their Low, High Speed Electric Vehicles


* Quick finance support across the country to facilitate buying a Joy E-bike easier than ever before

With the vision to promote green mobility across the country, WardWizard Innovations and Mobility Ltd. (BSE Code: 538970) – one of the leading manufacturers of electric two-wheeler brand ‘Joy E-bike’ and Mangalam Industrial Finance Ltd (BSE Code: 537800), RBI registered NBFC have joined hands to support the buyers with quick finance to make EV purchase easier.  Under this arrangement, Mangalam will provide auto loans for the high and low speed electric two-wheelers of Wardwizard.

Mangalam Industrial Finance Ltd based on the experience and market feedback has launched their vehicle finance scheme for their proposed buyers where 50+ dealers and distributors of Joy E-bike in tier 1 & tier 2 cities has shown their keen interest to avail the benefit of electric vehicle finance for their customers and they will stand as a guarantor. The company decided to extend this finance facility in order to support the distributors and ultimate buyers of Joy E bike.

Commenting on the association, Mr Venkata Ramana Revuru, Chairman and Managing Director of Mangalam Industrial Finance Ltd said, “Electric vehicle is a sun-rising industry and carries huge business potential for the finance sector as well. We need to believe in them and extend our support so that we can grow simultaneously by adding to our own top line and making presence in the market. At Mangalam, we are committed to be a part of the nation building journey and looking forward for many such alliances with other EV manufacturers.” 

Low-speed vehicles comprise huge market-share in Indian electric vehicles sector, and it mainly caters to the working segment such as delivery persons, students, or others who are in actual need of a vehicle to earn their livelihood and other needs. This initiative will play an important role in empowering the segment and decreasing carbon foot-print in the environment.

Further Elaborating, Mr Yatin Gupte, Chairman and Managing Director of WardWizard Innovations & Mobility Ltd, “Based on the feedback received from our more than 500 touchpoints across the country, we have analyzed that there is a need of quick finance support for the buyers of low speed vehicles so that they can start their livelihood without any hindrance. I am grateful to the management of Mangalam to come forward and support our customers and dealers by extending such financing. Since its inception, WardWizard has not left any stone unturned in promoting culture of electric vehicle across the nation and this initiative will change the perspective altogether.” 

This announcement is a strategic move as recently WardWizard has announced to open its first global R&D Center in Singapore in association with Sunkonnect to create world class EV products. A few months ago under an MOU signed with the state government of Gujarat, the organization has acquired more than 90 acres of land to develop an EV cluster and is inviting component manufacturers from all parts of the world.

About WardWizard Innovations & Mobility Limited

WardWizard Innovations & Mobility Ltd is a leading auto manufacturing company in the Electric Vehicle (EV) segment under the brand name Joy E-Bike. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to provide clean and greener alternatives to the existing usage of mobility, aligned with its philosophy of driving a positive change. Through Joy E-Bikes, the Company has been providing a greener alternative to traditional fuel-driven bikes. It has footprints in more than 25 major cities across India and aspires to boost this number throughout the country.

About Mangalam Industrial Finance Ltd

The company was incorporated on 8th February 1983. Currently the company is engaged into investment /trading in shares & securities etc and to carry on all types of financing business. However, the Company is solely concentrating in the NBFC segment and is registered as a Non-Banking Financial Company with the RBI, Kolkata.

HDFC ERGO Partners With HDFC Life To Launch Click2Protect Optima Secure To Offer All-Round Protection To Your Family


*  A comprehensive financial protection plan that offers the dual benefits of health and life insurance

* Health insurance will be serviced by HDFC ERGO General Insurance and life insurance by HDFC Life

* Customers can avail up to 5.5% discount on the combined premium in addition to the other discount options available

HDFC ERGO General Insurance Company Limited, one of the leading general insurers of the country, has joined hands with HDFC Life, one of India’s leading life insurers, to offer Click2Protect Optima Secure. This is a comprehensive insurance plan providing holistic protection to customers.

Click2Protect Optima Secure combines the benefits of life and health insurance solutions under one roof, thereby offering un-complicated financial planning for customers. In this plan, the term life insurance component will protect customers against uncertainties of life with a minimum sum assured of Rs. 50,000. Under the health insurance component, customers can avail a sum insured ranging from Rs. 5 Lacs to Rs. 2 cr. This plan comes with ‘Individual’ and ‘Family Floater’ options. The health insurance will be serviced by HDFC ERGO and life insurance by HDFC Life. 

Other key benefits of the plan:

Life Insurance Protection: Covers up to 85 years of age; in the floaters policy, the eldest member of the family is covered

Secure benefit: Doubles your Base Health Cover instantly upon purchase without having the need to claim it

Plus Benefit: Offers additional coverage equivalent to 100% of the Base Sum Insured in 2 years, irrespective of a claim

Protect Benefit: For the Non-Medical expenses like gloves, food charges and other consumables during hospitalization

Automatic Restore Benefit: Restores 100% of Base Health Sum Insured automatically on partial or complete utilization of Sum Insured

Attractive Premium Discounts: 2.5% Loyalty discount for existing HDFC ERGO retail Customers, Long Term Discount of 7.5% and 10% on 2 year and 3 year policies and 10% Family discount, if two or more family members are covered under the same ‘Individual’ policy  

Pre & post hospitalization medical expenses: Covers medical expenses for consultations, investigations and medicines incurred up to 60 days prior and up to 180 days post hospitalization 

Ambulance Expenses: Coverage up to Rs. 5 lacs for expenses incurred on utilizing air ambulance services and indemnification at actuals for expenses incurred on utilizing road ambulance services 

Enhancement Options:

Out of pocket expenses: Per day hospital cash benefit ranging from Rs. 500 to Rs. 10,000 for each continuous and completed 24 hours of hospitalization  

Critical Illness (add-on): Provides comprehensive coverage by offering a ‘Lumpsum’ payout on diagnosis of any of the listed 51 critical Illnesses

Speaking on the launch, Vibha Padalkar – MD & CEO, HDFC Life, said “Financial protection is the primary need of every individual with responsibilities. The recent pandemic has emphasized the criticality of life and health insurance products. Through Click2Protect Optima Secure we are offering our flagship products which will enable customers get a one-stop-solution for their insurance needs – both life and health.”

Speaking about the launch of the new product, Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance Company, said, “Combined products are ultimate customer friendly solutions, where a customer can enjoy benefits of two products under a single plan without any hassles. Click2Protect Optima Secure empowers our customers to opt for a single solution to address both their critical protection needs. With launch of this plan, we have simplified and streamlined the process of buying health and life insurance and eliminating the hassle for our customers to buy and manage two different products. It eases the burden of financial planning on our customers and gets everything they require under one offering.” 

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