Adar Poonawalla-Backed homiHydrogen, To Set Up An Integrated Manufacturing Facility For Electrolysers In India

~The 50 million USD project is expected to open a gateway to 300 Green jobs, while building critical capacity to meet green hydrogen requirement set by GoI~

homiHydrogen, a joint venture between, h2e Power Systems Private Limited, BlueBasic AMA Engineering (H2energy, Italy) and Greenstat Hydrogen India, has well begun its journey to a green tomorrow with the ambition of setting up a 1.5GW per Annum Manufacturing Facility for electrolysers in India to the benefit of domestic and export markets. Budgeted at 50 Million USD, the new project is a stepping stone to make India a hub for Green Hydrogen technologies & contribute to the NetZero commitment made by our Honorable Prime Minister, while creating about 300 green new jobs to meet ambitious green hydrogen targets set by the Government of India.

An offset of India’s first end-to-end fuel cell and electrolyser company, h2e Power System, homiHydrogen, harbors value and expertise to become the first company to provide all four commercially available electrolysers. The venture will manufacture state-of-the-art, efficient and cost effective Alkaline, AEM, PEM and SOE electrolysers in India. HomiHydrogen has presence in the entire value chain of Electrolysers required for producing Green Hydrogen.

With this composition, homiHydrogen stands in solidarity with the National Hydrogen Mission announced by our Honourable Prime Minister. It aims to make India a global manufacturing hub for Electrolysers and the production of Green Hydrogen & Green Ammonia.

Mr. Siddharth R Mayur, Founder & Managing Director of h2e Power said, “homiHydrogen is an initiative to build an ethical, sustainable, inexpensive & a state of the art electrolysers that will cater to the domestic needs and exports. homiHydrogen stands unique with its focus not only on electrolysers but also critical components like rectifiers & transformers, R&D and last mile solutions. The name homiHydrogen is a tribute to the great Indian Scientist Dr. Homi Jehangir Bhabha.”

Commenting on the joint venture Dr. Sturle Pedersen, Chairman of GreenStat Hydrogen India said, “GreenStat is excited to be a partner in India’s journey to become a Green Hydrogen hub. homiHydrogen is distinctive as we will produce a bouquet of electrolyser technologies, which will cater to a wide range of market segments. This joint venture reinforces our commitment to Indo-Norwegian partnership.”

 Dr. Prashant Kamath, Managing Director BlueBasic Engineering India further said, “We are extremely proud that we are able to bring global technologies to India and manufacture them with the local Indian innovation to create a built to last product. BlueBasic is looking forward to contribute to homiHydrogen with the most innovative electrolyser technologies, which will be a fitting tribute to the Great Dr. Bhabha.”

homiHydrogen will start production in 2023 and will deliver a 100% Made in India product realizing the vision of an Atmanirbhar India. The company also announced it association with OIL India Ltd, the nation’s second-largest national oil and gas explorer to build an effective green hydrogen value chain in the country, progressing the vision further.

HMD Global Expands Popular C-Series In India – Launches New Nokia C31 With Camera Powered By Google

* High-definition display, triple rear and selfie camera powered by Google and a three-day battery life all rolled into a tough, durable design at an ultra-affordable price point

·         Android 12, 6.7” HD display and triple rear and selfie cameras powered by Google, AI-powered three-day battery life1 and two years of quarterly security updates2 for maximum security, Superior durability with IP52 protection from the elements from one of the toughest manufacturing standards in the world

HMD Global, the home of Nokia phones, today announces the launch of Nokia C31 in India, the latest smartphone from the popular C-series. It brings signature durability, an improved 6.7” HD display, and long-lasting three-day battery life1 with AI-powered battery saving features. Plus, it comes with Android TM 12, triple rear and selfie cameras powered by Google, and even better protection with dust and moisture resistance. Nokia C31 offers the best of the C-series at affordable price points, starting at INR 9999.

Sanmeet Singh Kochhar, Vice President- India & MENA, HMD Global:

“At HMD Global, we strongly believe that everyone should be able to enjoy a great mobile experience. The Nokia C-series has been about making quality and durability accessible - Nokia C31 sets new standards not only for the range, but entry-level smartphones in general. The series has been one of our most popular series in India. We are very happy to announce another great addition to the C-series- the versatile Nokia C31. Nokia C31 embodies the Nokia smartphone promise sporting an ad-free UI, great battery life, and best-in-security with quarterly security updates for a hassle-free user experience. By combining quality materials with smart features and top-level security, we’re delivering the longevity our fans have come to expect.”

Always robust and reliable

Beautiful to look at and tough under the surface, Nokia C31 has met industry-leading durability standards required by HMD Global, so you know it can handle life’s most hectic moments, courtesy of IP52 protection and the durable build quality. In addition, it comes with the one-year replacement guarantee promise for that extra peace of mind.

An incredible three-day battery1 coupled with AI-powered battery-saving technology ensures Nokia C31 is your trusted partner to do and go wherever you want. Super Battery Saver mode lets you choose where energy savings should be made, so you can still access the key feature you really need when you are running on low battery.

Capture all your memories in dazzling quality and enhance day-to-day experiences

The triple rear and selfie cameras powered by Google delivers incredible images day or night – including beautifully blurred portrait shots on the selfie camera and powerful night imagery. You’ll never be surprised by the “storage full” notification - Nokia C31 tells you exactly how much storage you have left for all of your memories.

The 6.7” HD display brings your experiences to life in brilliant definition, whether you’re streaming your favourite show, answering emails on the sofa, or taking a trip down memory lane looking through photos.

The Nokia C31 also comes with popular applications pre-installed, including Spotify for uninterrupted music and GoPro Quik so you can shoot, edit and share your creativity from anywhere.

Security you can rely on

As concerns about how companies use personal data continue to grow, Nokia C31’s updated privacy controls give you power over your information. Plus, device security is convenient with its fingerprint sensor and face unlock that works even with a protective mask on, for quick yet secure access. Signature HMD Global security promises are included as standard, so you’ll get two years of quarterly security updates2.

Android innovations

Taking full advantage of Android 12, Nokia C31 lets you enjoy the newest innovations from Google. Dynamic color personalizes the look and feel of your phone based on your wallpaper, and conversation widgets put the people you care about front and center on your home screen. This form of software with less preloads means you can maximize your data plan and storage.

Pricing and availability

The Nokia C31 is available in India – on Nokia.com and across retail outlets from today, in Charcoal, Mint & Cyan, priced at INR 9999 and INR 10,999 for 3/32GB and 4/64GB memory and storage configurations respectively. Nokia C31 will soon be available on e-commerce.

Product Images: https://we.tl/t-4poeo1Mf9t

Piramal Finance Launches ‘Innovation Lab’ In Bengaluru, To Accelerate Digital Lending Transformation For Bharat

* Aims to have a team of over 300 professionals at the lab in Bengaluru for various tech and business intelligence roles by the end of FY23.

* Plans to attract the best tech talent from leading engineering and management institutions across India.

* A state-of-the-art Centre of Excellence for Technology and Business Intelligence that is 36,000 square feet in size.

* One of the largest NBFC-HFC in India has opened a new centre to support unique innovations in digital and retail lending to meet the needs of a growing Bharat.

Piramal Capital & Housing Finance Ltd., herein referred to as Piramal Finance, the wholly owned subsidiary of Piramal Enterprises Ltd (‘PEL’), today announced the opening of their ‘Piramal Innovation Lab’ at Bengaluru. The new state-of the-art centre will complement and support Piramal Group's commitment to innovation and growth. The 'Piramal Innovation Lab' is an extension of Piramal Finance's goal to create innovative products, which meet the various finance requirements in the under-served and unserved 'Bharat' market.

By the end of FY23, Piramal Finance aims to have a team of over 300 professionals at the Piramal Innovation Lab in Bengaluru for various tech and business intelligence positions, and will complement the existing large pool of professionals led by Saurabh Mittal (Chief Technology Officer) and Markandey Upadhyay (Head of the Business Intelligence Unit) across Mumbai and Bengaluru.

The company plans to attract talent for roles across Software Engineering, Product Management, User Experience (UX) and Data Sciences from the thriving tech industry and the best engineering and management colleges across India. In line with a flexible, modern way of working, Piramal Finance also offers a hybrid work model for certain roles in the tech and business intelligence functions.

For Piramal Finance, Bengaluru was the preferred choice for the ‘Innovation Lab’, as the city has established itself as a vibrant ecosystem for technology with a solid digital infrastructure that attracts tech talent from across the country. The thriving start-up culture in Bengaluru provides well for driving disruptive innovation to improve customer offerings. Piramal Innovation Lab also plans to host regular Hackathons, which will provide a competitive setting in which engineers from all across India may use leading-edge technologies to solve hard customer problems.

As part of its phygital strategy, Piramal Finance has developed a multi-product retail-lending platform to enhance its ability to serve the people of Bharat. To revolutionise how lending operates for underserved customers, the technology and business intelligence team develops tech products that heavily use Data, Artificial Intelligence (AI) and Machine Learning (ML) to provide personalized experiences for consumers and enterprises. Further, the company aims to work closely with technology ecosystem to leverage game-changer innovations like India stack to deliver lending solutions to millions of Indian at scale.

Speaking on the occasion, Jairam Sridharan, MD, Piramal Capital & Housing Finance Ltd. said, “Piramal Finance is rapidly expanding its footprint in Tier II and III cities of Bharat and the innovation centre in Bengaluru is a significant element of our growth strategy. The financial services industry is rapidly evolving, and this initiative will accelerate the development of next-generation lending solutions and analytics that align with how consumers are reimagining the industry. Nurturing innovation is a part of our core ethos, and the center will help us to create a vibrant ecosystem of fintechs, startups and tech innovators.”

Saurabh Mittal, CTO, Piramal Capital & Housing Finance Ltd. said, “Digital-led innovations are likely to continue disrupting the business models of financial services companies in India's 'Techade' - technology-driven decade. This seismic shift is part of a continuous business evolution – putting the customer at the heart of lending through seamless digital embedded journeys, improved customer experience and better credit decisions. As we continue making deeper inroads as the lender of choice in Bharat, we aim to attract the best tech talent for our Innovation Lab and encourage the vibrant culture of innovation and experimentation in everything that we do.”

Piramal Finance has 343 branches and plans to expand to 500-600 branches throughout Bharat markets in 5 years. Digital Embedded Finance, established in 2020, is a business unit of Piramal Finance. Since its inception, the Embedded Finance business has launched over 24 programs in partnership with leading digital consumers and merchant engagement platforms. With the activation of numerous branches, lending partnerships, and customer acquisition, the company's retail loan disbursements surged 62% quarter-on-quarter to INR 3,973 Cr. in Q2 FY23.

About Piramal Capital & Housing Finance Limited:

Piramal Capital & Housing Finance Limited (referred as Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (flagship company of the Piramal Group), is a housing finance company engaged in retail and wholesale lending.

In retail lending, Piramal Finance is one of the leading players that addresses the diverse financing needs of the under-served and unserved people of ‘Bharat’ market. It has over 1 million customers and presence in 24 states with a network of over 300 branches. It offers multiple products, including home loans, loan against property, used car loans, small business loans to Indian budget conscious customers at the periphery of metros and in Tier I, II and III cities. In wholesale lending, it caters to both real estate as well as non-real estate sector and offers multiple products including construction finance, structured debt and senior secured debt.

For more information visit: piramalfinance.com

Airtel Partners Tech Mahindra To Deploy Captive Private Network At Mahindra’s Chakan Facility

* The Chakan facility becomes India’s first 5G enabled Auto Manufacturing Unit

Bharti Airtel ("Airtel"), India's premier communications solutions provider and Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering solutions, today announced a strategic partnership under which they have deployed ’5G for Enterprise’ solution at Mahindra’s Chakan manufacturing facility, making it India’s first 5G enabled Auto manufacturing unit.

The ‘5G for Business’ solution has significantly enhanced Chakan’s network connectivity that has resulted in improved speeds for software flashing, a critical operation for all vehicular dispatches. Blazing hi-speeds and ultra-low latency now allows managers to undertake multiple software flashing sessions in parallel, which has resulted in reduced turn-around time for an operation. Further, the computerized vision based inspection is now fully automated resulting in improved paint quality. Airtel is spearheading 5G deployment in India. The company has been testing use cases and spectrum delivery with multiple partners and at several locations as a part of its #5GforBusiness offerings.

Speaking about the partnership, Ajay Chitkara, Director and CEO, Airtel Business, said, ”Our 5G solution for enterprise will transform manufacturing operations in the country. We are thrilled to partner Tech Mahindra and Mahindra Auto to demonstrate this transformation and have made the Chakan manufacturing facility India’s first 5G enabled Auto Manufacturing Unit. As the industry 4.0 paradigm gathers momentum, reliable data networks will prove to be a key differentiator in factory & manufacturing performances. This is just the beginning, and I am certain we will showcase many more innovative use cases that will help redefine manufacturing in India.”

Manish Vyas, President, Communications, Media and Entertainment Business, and CEO, Network Services, Tech Mahindra, said, ”5G roll-out has revolutionalized the world of internet, ushering a new era of connectivity, communication, and collaboration. Our collaboration with Airtel is aimed at enhancing customer experience through digitally powered new-age platforms and solutions. We are confident that this partnership will help unlock opportunities across industries to improve productivity, drive intelligent network-led enterprise digitalization, and spur innovation.”

Airtel’s industry-leading integrated connectivity portfolio of #5GforBusiness along with Tech Mahindra’s industry knowledge to provide specialized services to customers, proven system integration capabilities, 5G enterprise solutions capabilities such as Factory.NXT, and its domain expertise in planning, designing, deployment, and management of private wireless networks for enterprises will benefit enterprise customers and accelerate the adoption of transformative network technologies like 5G in India. This partnership is in line with Tech Mahindra’s NXT.NOWTM framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions that enables digital transformation and meet the evolving needs of the customer.

About Airtel: Headquartered in India, Airtel is a global communications solutions provider with over 500  Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/ 5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and cloud based communication. For more details visit www.airtel.com

About Mahindra: Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

About Tech Mahindra: Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise.  Tech Mahindra is a USD 6 billion organization with 163,000+ professionals across 90 countries helping 1279 global customers, including Fortune 500 companies, focused on leveraging next-generation technologies including 5G, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. Tech Mahindra is the fastest growing brand in ‘brand strength’ and amongst the top 7 IT brands globally. With the NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for their ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today, and believes that the ‘Future is Now’.

NMIMS, IIM Lucknow, And MICA Win Top Honours At The TVS Credit E.P.I.C Season 4 Challenge

·         Records over 40,000 registrations from over 2900 colleges

·         Winners bagged prizes worth Rs.10 Lakh

TVS Credit Services Limited, India’s leading NBFC, recently held the grand finale of its annual campus challenge programme for college students, E.P.I.C Season 4. Based on the theme of #BeEPIC, this season witnessed the highest-ever registrations of over 40,000 students. This season witnessed a 268% increase in student participation as compared to the first season. This contest tested students’ problem-solving skills in Analytics, Finance, IT, and Strategy and also offered them career-enhancing opportunities.

Through this programme, the company has been able to build a strong employer brand. It also leverages this platform to select a few participants for its summer internship and management trainee programme. At the E.P.I.C finale, Mr. Ashish Sapra, CEO, of TVS Credit interacted with the participants in an open house. His address was followed by a felicitation ceremony where winners were rewarded with prizes worth Rs.10 lakh.

Speaking about E.P.I.C Season 4, Charandeep Singh, Head of Marketing, TVS Credit, said, “The E.P.I.C programme is a special initiative that provides a unique platform for young professionals to prove their mettle in an environment different from traditional academic exercises while creating avenues for the youth to compete and excel. We are delighted with the increased participation and competition this season.”

A Management Trainee at TVS Credit shared, “While working on the TVS Credit E.P.I.C. Challenge – Season 2, I developed a keen interest in the financial industry, and I further wanted to learn and work in this sector. Through the E.P.I.C Challenge, I got a direct internship offer in the field of my interest. Later, it got converted into a PPO. And now, I am excited and happy implementing the projects I ideated during my internship.”

Over the last four years, the E.P.I.C programme has provided opportunities for young aspirants to build a career and also helped create a talent pipeline for the company. With multiple initiatives like E.P.I.C, TVS Credit remains committed to empowering a better future for its customers while engaging with bright minds that will power tomorrow.

About TVS Credit Services Ltd.

TVS Credit Services Limited is a leading Non-Banking Financial Company registered with the RBI. With over 31,000 touchpoints across India, the company aims to empower Indians to dream bigger and fulfil their aspirations. Being the number one financier for TVS Motor Limited and one of the leading tractor financiers, TVS Credit has a fast-growing footprint in Two Wheeler Loans, Tractor Loans, Consumer Loans, Used Car Loans, Used Commercial Vehicle Loans, and Business Loans segment. Powered by robust new-age technologies and data analytics, the company has served more than 9.4 million happy customers with the help of its 17,000+ employees.

Zee Media Is Now The No.1 News Network With Highest Viewership

~ Zee Media properties reinforced as a leader in news against its competitors~

Zee Media, one of the leading media houses in India, has surpassed its competitors yet again, leading with 754.95 million views in November 2022.  Zee News the flagship channel of the Network has delivered 369 million views by surpassing its competitor Aaj Tak which is at 344 million (Source VIdIQ, November’2022).  

Zee Network’s Global News Channel WION that has a subscriber base of 7.1 million on YouTube has garnered views of 80 million.

Commenting on this remarkable achievement, Mr. Devadas Krishnan, CEO, IndiaDotCom Digital Private Limited (formerly known as Zee Digital) said, “It is a moment of pride for the entire Zee network and receiving recognition from VidIQ is a testimony of our team’s hard work and determination towards delivering the best-in-class content to 754.95mn viewers. We have been catering to not only urban cities but have also received a huge viewership from regional channels, ensuring customised new-age content as per the market demand. This also encourages us to further expand our reach and continue with the same momentum.”

Zee Media channels which always has a finger on the pulse of the audience’s interest, therefore enabling them to dominate over the competitors in their segments, serving audience’s with 13 news channels in 7 different languages touching more than 528+ Million viewers through its linear and digital properties like Zeenews.com, dnaindia.com, india.com and others.

Being the pioneers in the history of Indian (Private) news channels, ZEE Network has been at the forefront of delivering the news from a nationalist perspective and not just presenting facts.

Signify Launches Uniquely Shaped Philips O-Bulb And Hexa-Bulb In Indian Market

·     Distinctive circular and hexagonal shaped LED bulbs lend an elegant touch to your home

·     Feature a simple plug-and-play design, fits into existing LED bulb sockets

Signify (Euronext: LIGHT), the world leader in lighting, has launched two uniquely shaped LED bulbs in India, called Philips Hexa-Bulb and O-Bulb. The hexagonal and circular shaped bulbs can be used as decorative lights to lend an elegant touch to your indoor space and create the perfect ambience, whether you are socializing or spending some quiet time with your loved ones.

Both the bulbs have a simple plug-n-play form that can be easily installed into existing LED bulb sockets. Designed to be comfortable for your eyes, the bulbs also offer a wider light spread as compared to regular round-shaped LED bulbs.

Commenting on the launch, Sumit Joshi, CEO & Managing Director, Signify (South Asia) said, “As the global leader in lighting, Signify has always been the pioneer in innovation. After successfully creating the T-Bulb category in India, we are delighted to launch our latest range of innovatively shaped LED bulbs - Philips Hexa-bulb and O-bulb. Their sleek design can elevate your home interiors while also being gentle on your eyes, thanks to our EyeComfort Technology.”

Philips Hexa-bulb is available in a 16W, 1500 lumen variant and Philips O-Bulb is currently available in a 20W, 1800 lumens variant. Both bulbs are available in cool and warm white colors, across all small and large format retail stores and e-commerce platforms at an MRP of ?999/-and ?1199/-, respectively.

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2021, we had sales of EUR 6.9 billion, approximately 37,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for five consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.