Toyota Kirloskar Motor Employees Come Together For A Plantation Drive To Enhance Green Cover Near Ramdevara Betta

* Celebrates Environment Month Through Its Employee Volunteer Initiative - I, Community Action To Reach Everyone (iCARE)

Continuing the efforts towards the commitment to environmental sustainability and its philosophy of 'Go Green,' Toyota Kirloskar Motor (TKM) is proud to announce an upcoming plantation drive near Madapura gate (closer to Ramdevara Betta) on June 25th, 2023, marking the 26th iCARE environmental activity. In line with Toyota’s Environment Month, this initiative reflects the company's dedication to making a positive impact on the society and nurturing a sense of responsibility among its employees. By actively involving passionate employees, TKM aims to foster a sense of giving back to the community and strengthen the care for environment, among its Toyota family members.

Ramdevara Betta, located in Ramanagara district (Karnataka State), is renowned for being the only Vulture Sanctuary in India. TKM, in collaboration with the Forest Department of Ramanagaram will engage in tree plantation to support the department to enhance the green cover in this region. Through this eco initiative, TKM joins hands in the conservation of the forest.

Reiterating, TKM remains commitment to its six aspirational Global Environmental Challenge 2050, and this plantation drive represents its sixth challenge namely, ‘Living in Harmony with Nature’, focusing on enhancing the biodiversity. TKM has also undertaken ‘Green Wave Project’ promoting mass plantation activities inside and outside the company by consistently expanding the afforestation efforts by adopting ‘Miyawaki concept’, involving all its stakeholders. To elaborate, the Miyawaki method of plantation is to establish the potential natural vegetation utilizing native species and in India, TKM was the first corporate to adopt this Miyawaki Concept way back in 2009. Over the years, TKM has planted more than 3,28,000 saplings across 112 acres of land inside the premises with 700 different floral diversity, contributing to a cumulative reduction of 4,700 tons of carbon and attracting the faunal diversity of more than 264 species.

Since its establishment in 2017, iCARE (I, Community Acton to Reach Everyone) has been instrumental in creating a significant impact on society, positively impacting the lives of 63,150 individuals. Through iCARE, TKM has been actively engaging its employees who continue to voluntarily invest their efforts in various eco activities such as Dibbling for plant seeding (so far 3000 dibbles), land clean-up covering more than 0.5 acres of area in Bannerghatta National Park, making bird nests from plastic bottles were recycled into planters & imbibing the sense of biodiversity conservation amongst youths from 100 shelter homes and so forth. TKM came together to conduct a green home audit initiative to raise awareness about the carbon footprint of sustainable living.

So far, over 1,758 employees have voluntarily participated in iCARE, covering various initiatives in domains such as education, environment, health and hygiene, road safety, skill development, and disaster management in line with the company’s Corporate Social Responsibility (CSR) initiatives.

Sharing his thoughts about the upcoming plantation drive, under the company’s iCARE initiative, Mr. Vikram Gulati, Country Head and Executive Vice President of Toyota Kirloskar Motor said "While the employee participation registration is in progress for the plantation drive, we are delighted to see the enthusiasm of our employees towards this eco initiative. This platform allows us to come together as a Toyota family and show wholehearted support to our company's dedication to improve the community lives. Through the collective efforts of our passionate employees, we are confident that this initiative will further support and contribute towards building a greener and more harmonious future. We will continue to focus our efforts on areas that require our intervention and work tirelessly towards building a better society.”

With collaboration between TKM and the Forest Department, the plantation drive in Ramanagara district will have a lasting positive impact on the environment and contribute to the restoration of its natural beauty. TKM remains dedicated to its mission of environmental conservation, community welfare, and sustainable practices.

GE Aerospace Signs MOU With Hindustan Aeronautics Limited To Produce Fighter Jet Engines For Indian Air Force

* GE Aerospace’s F414 Engines Would Be Co-Produced In India To Power The Tejas Light Combat Aircraft Mk2

GE (NYSE: GE) – GE Aerospace announced today that it has signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force, a major milestone amidst Indian Prime Minister Narendra Modi’s official state visit to the United States and a key element in strengthening defense cooperation between the two countries.

The agreement includes the potential joint production of GE Aerospace’s F414 engines in India, and GE Aerospace continues to work with the U.S. government to receive the necessary export authorization for this. The effort is part of the Indian Air Force’s Light Combat Aircraft Mk2 program.

“This is a historic agreement made possible by our longstanding partnership with India and HAL,” said H. Lawrence Culp, Jr., Chairman and Chief Executive Officer of GE and CEO of GE Aerospace. “We are proud to play a role in advancing President Biden and Prime Minister Modi’s vision of closer coordination between the two nations. Our F414 engines are unmatched and will offer important economic and national security benefits for both countries as we help our customers produce the highest quality engines to meet the needs of their military fleet.”

GE Aerospace has operated in India for more than four decades with wide engagement in the industry including engines, avionics, services, engineering, manufacturing, and local sourcing. In addition to potential new work in India, a number of U.S. facilities that currently support work on the F414 engine will see additional volume as a result of today’s announcement.

In 1986, GE began working with the Aeronautical Development Agency and HAL to support the development of India’s Light Combat Aircraft (LCA) with F404 engines. Subsequently GE Aerospace’s F404 and F414 have been part of development and production programs of LCA Mk1 and LCA Mk2 programs. In total, 75 F404 engines have been delivered and another 99 are on order for LCA Mk1A. Eight F414 engines have been delivered as part of an ongoing development program for LCA Mk2.

Today’s agreement will advance GE Aerospace’s earlier commitment to build 99 engines for the Indian Air Force as part of the LCA Mk2 program. It puts the company in a strong position to create a family of products in India, including the F404 engine that currently powers the LCA Mk1 and LCA Mk1A aircraft and GE Aerospace’s selection for the prototype development, testing and certification of the AMCA program with our F414-INS6 engine. In addition, GE will continue to collaborate with Indian government on the AMCA Mk2 engine program.

With more than five million flight hours and eight nations with F414-powered aircraft in operation or on order, the F414 continues to exceed goals for reliability and time on wing. To date, more than 1,600 F414 engines have been delivered globally.

GE’s presence in India includes its research and technology centre, the John F Welch Technology Centre at Bengaluru, which opened in 2000 and its Multi-modal Factory at Pune, which opened in 2015.

About GE Aerospace

GE Aerospace is a world-leading provider of jet engines, components and systems for commercial and military aircraft with a global service network to support these offerings. GE Aerospace and its joint ventures have an installed base of more than 40,000 commercial and 26,000 military aircraft engines, and the business is playing a vital role in shaping the future of flight. For more information, visit us at https://www.geaerospace.com/.

Vedanta Spark And MeitY-Nasscom CoE Sign MoU For Technology-Based Innovations

Vedanta Spark, a global corporate innovation, accelerator & ventures program by Vedanta Group to promote tech start-ups, announced its collaboration with Ministry of Electronics & Information Technology (MeitY) and Nasscom’s Centre of Excellence (CoE) - IoT & AI, to accelerate the adoption of digital technologies led innovations.

The Vedanta Spark program aims to accelerate startups leveraging transformative & sustainable technologies to create large-scale impact in partnership with the Vedanta group companies and has already engaged 80 start-ups for more than 120 projects so far. The NASSCOM CoE is known for its successful technology enablement accelerating the innovation requirements of large and mid-size businesses in the fields of healthcare and well-being, process, manufacturing, etc.

Ms. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited & Non-Executive Director, Vedanta Limited, said, “Vedanta’s engagement with MeitY-Nasscom CoE will enable innovative startups to demonstrate & develop their products in our unique ecosystem. Vedanta Spark looks forward to bringing in value delivery across our operations with the goal of utilizing emerging technologies to find solutions that will contribute to long-term environmental, social, and economic sustainability.”

This partnership will explore the potential application of emerging technologies like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Augmented Reality (AR) / Virtual Reality (VR), among others, across different verticals of Vedanta Group. The collaboration with Nasscom CoE will also help the team at Vedanta Spark to optimize enterprise-level initiatives and processes. There is a vast pool of innovative companies through CoE that specialize in cloud infra optimisation, UAV-based solutions, data-based predictive approaches, and solutions capable of addressing specific problem statements related to enterprise concerns in real time.

“Digital-first and innovation-led approach has become a top priority for businesses today. Our partnership with Vedanta Spark is aimed at unlocking a new wave of innovation and business growth to address both the present and future needs of the customer. The partnership will support the development of cutting-edge technologies that will lead to interesting use cases across the mining, oil and gas sector. Nasscom CoE is actively working towards supporting an innovation ecosystem that includes start-ups, enterprises & academia to take forward the agenda of digitalization and creating the valuable insights that will help the industry and their consumers”, said Mr. Sanjeev Malhotra, CEO, MeitY-nasscom CoE.

The MoU was exchanged between Mr Sanjeev Malhotra, CEO, Nasscom Centre of Excellence for IoT and AI and Mr. Amitesh Sinha Head – Corporate Venture Capital & Vedanta Spark, Vedanta Limited. Both teams committed to implement an agenda that will address the needs and work on the roadmap for the future technology sectors.

About CoE for IoT & AI

An initiative of the Ministry of Electronics & Information Technology (MeitY) and K-tech, NASSCOM Centre of Excellence – IoT & AI is a platform that aims to accelerate the development of the deep-tech industry, enabling inclusion and adoption of emerging technologies in the ecosystem. CoE for the last six years has been enhancing the power of Artificial intelligence and the Internet of Things to bring unprecedented opportunities for Industry, Startups, and Academia.

About NASSCOM

The National Association of Software and Services Companies (NASSCOM®) is the premier trade body and chamber of commerce of the Tech industry in India and comprises over 3000 member companies. Our membership spans the entire spectrum of the industry from start-ups to multinationals and from products to services, Global Capability Centres to Engineering firms. Guided by India's vision to become a leading digital economy globally, NASSCOM focuses on accelerating the pace of transformation of the industry to emerge as the preferred enabler for global digital transformation. Our strategic imperatives are to reskill and upskill India's IT workforce to ensure that talent is future-ready in terms of new-age skills, strengthen the innovation quotient across industry verticals, create new market opportunities - both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the industry narrative with a focus on Talent, Trust, and Innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity. 

About Vedanta Limited

Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources companies spanning across India, South Africa and Namibia. The Vedanta Group has significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power, Renewable Energy, Display glass and is foraying into Semiconductors business. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India. Vedanta Ltd. has been listed in Dow Jones Sustainability World Index 2022, conferred Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange. For more information, visit www.vedantalimited.com. 

PayU India Slashes Its Electricity Emissions, Powering India’s Rural Financial Inclusion With New Climate Finance Mechanism

* PayU India is providing climate finance for projects with an installed capacity of over 390 KWp for 220 villages across India using Distributed Renewable Energy Certificates (D-RECs), accounting to a reduction in emissions from 89% of its electricity consumption

As momentum for greater corporate climate action and a just transition grows, PayU has shown its commitment to sustainability and financial inclusion across India by procuring Distributed Renewable Energy Certificates (D-RECs) from high-impact solar projects electrifying rural banks across the country.

D-RECs are an innovative climate finance instrument that are accelerating the energy transition, increasing local clean electricity supply, boosting transparency, and transforming corporate green energy procurement. D-RECs have a key role to play in India. Due to erratic power supplies, banking in rural areas can often be a difficult if not an impossible affair for many rural communities in India, with one-fifth of Indian adults reportedly not having a bank account.

E-Hands Energy, a Chennai-based provider of renewable energy solutions in rural India, recently completed a programme providing solar solutions to over 920 rural banks in India, helping bring financially excluded rural Indians into the formal banking system by ensuring the banks remained operational throughout the day despite regular power cuts. The D-RECs purchased by PayU will be certifying the renewable electricity generated by a selection of these rural banking renewable energy projects, supporting financial inclusion across the country.

D-RECs extend the impact of Renewable Energy Certificates (RECs) - a widely used market instrument - to smaller projects with limited connection to the grid and/or limited access to affordable finance, such as E-Hands Energy’s banking programme. By purchasing D-RECs to settle 89% of PayU India’s electricity consumption, the company is providing climate finance for further E-Hands Energy renewable energy projects with an installed capacity of over 390 KWp for 220 villages across India. These projects will displace polluting grid and off-grid energy generation, such as diesel generators and grief-based electricity, from across India.

The D-REC Initiative, the secretariat leading the management of the D-REC, has developed an open technology ledger in close collaboration with the International REC (I-REC) Standard. This gives buyers like PayU confidence in the origination of their certificates, producing rigorous metrics for corporate reporting against renewable energy procurement targets.

Mohit Gopal, COO at PayU India, said: “D-RECs offer an innovative and verifiable platform to accelerate affordable and clean energy access for underserved communities of India. As part of the Prosus’ family of companies, our multi-year partnership with the D-REC Initiative shows our commitment to transition to a greener economy that is not only inclusive, but offers a reliable banking experience to rural Indians, bringing more people into the fold of the organised financial services sector.”

Raghuraman Chandrasekaran, founder and CEO of E-Hands Energy, said: “The monetisation of our projects via DRECs are extremely important for us, as we can now accelerate the deployment of solar to more rural sites with the help of DRECs sold to reduce our capital expenditure on setting up new financial inclusion projects in the future.”

PayU India is actively committed to sustainability and driving positive change through responsible business practices. The company has a comprehensive sustainability strategy that covers multiple initiatives. By making a conscious shift to recycled paper products, for an annual consumption of approximately 0.5 tons, PayU achieved a marked reduction in energy (31%), water waste (53%) and solid waste (39%). By moving to Green Garbage Bags, PayU has saved almost 2 tonnes of plastic waste and 1 kg of carbon emission per kg of a garbage bag. The company’s annual CO2 emission saving was reduced by 1.35 tonnes by transitioning to EV vehicles, and by 31.68 tonnes using glass bottles.

Goldmedal Electricals introduces Magic Line: The Energy-Efficient LED-Batten

* The sleek and aesthetically pleasing Magic Line LED battens are designed to provide higher power savings, uniform light distribution, a modern lightweight design, and sturdy, durable frames

Goldmedal Electricals, India’s leading provider of innovative electrical solutions, introduces Magic Line LED batten, designed specifically for modern spaces. These LED battens are crafted to transform homes with their exceptional performance and sleek design.

Magicline

The Magic Line LED batten provides users with unparalleled brightness, energy efficiency, and durability. This LED batten uses just a fraction of the power consumed by fluorescent tube lights, allowing it to last three times longer. Easy to install or retrofit, the Magic Line LED battens are available in multiple lengths to meet the demands of residential, commercial, and industrial settings. The slim form and its impact-resistant housing add to the aesthetics and durability of the LED batten. The Magic Line is available in the market starting from Rs. 350/- onwards.

Other features of Magic Line LED batten:

1.       Available in various wattages ranging from 5W, 9W, 20W, and 22W, catering to different lighting requirements. They are also available in a range of colour temperatures to suit various preferences. 

2.       Slim, lightweight LED batten.

3.       Uniform distribution of light.

4.       Constructed with impact-resistance housing for durability and protection against accidental damage. 

Commenting on the Magic Line LED batten, Mr. Kishan Jain, Director, Goldmedal Electricals, said, “Goldmedal is committed to developing innovative, aesthetically pleasing, and energy-efficient LED solutions that are easy to maintain and replace. The Magic Line LED batten has been specifically designed to cater to the needs of modern spaces, ensuring uniform light distribution and superior longevity compared to traditional fluorescent tube lights.”

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies is known for its wide range of lighting solutions for residential, commercial, and industrial applications. The company also offers a variety of modular switches and accessories, home automation systems, fans, wires and cables, doorbells, fans, PVC pipes, DBs, MCBs, and various other electrical products.

About Goldmedal Electricals

Goldmedal Electricals is a homegrown electrical company which was established in the year 1979 with a vision to create electrical switches and accessories that make a positive difference to the lives of consumers. The company is known in the industry for manufacturing high-quality wiring devices and introducing a host of innovations in the industry. In 1981, Goldmedal entered the Wires and Cables business. In 1995, the company set up a state-of-the-art manufacturing unit in Goregaon, Mumbai for the manufacturing of wires & cables, and modular switches. Alongside Wires and Cables, the company today manufactures a vast range of electrical products including various types of switches, home automation systems, security systems, entertainment devices, fans, wires and cables, doorbells, electrical accessories, and more for residential buildings as well as commercial establishments.

Woohoo! Donuts At Rs. 60/- On June 23, 2023, Only At MAD OVER DONUTS

Get ready to indulge in pure happiness on 23rd June, 2023 as Mad Over Donuts celebrates Donut Day! The annual celebration of a day full of happiness to indulge in mouth-watering donuts at an irresistible price of only Rs. 60.

Mad Over Donut beckons all donut lovers to avail of the amazing offer at any of MOD’s stores and experience the magic of freshly made, handcrafted donuts.

Donut Day, on Friday, the 23rd of June, is a perfect  reason to devour donut goodness with our friends and family and create some of the happiest memories.

So, mark your calendar and grab any donut at Rs. 60 only!

See you at the Mad Over Donuts stores.

What: MOD’s Donut Day

Where: Pan-India MOD stores

When: June 23, 2023

Price: Rs. 60 per donut

*TCA

L&T Technology Services Extends Relationship With PTC To Offer Digital Manufacturing Solutions For Aerospace And Defense Sector

* Joint event at Paris Air show will provide view of digital transformation opportunities for end customers using PTC’s ThingWorx and LTTS’ Digital Engineering capabilities

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, today announced an extension of its relationship with PTC to engineer future ready solutions for the aerospace, defense and transportation sectors. The parties will leverage PTC’s Windchill® product lifecycle management and product data management (PLM/PDM) application to cater to players in Aerospace & Defense segments and support them with a digital thread from the design to the manufacturing stages.

Windchill® will help drive easy integration with existing architectures of the potential customers and provide a solid foundation for a product-driven digital thread. The product suite is being designed to predict aero engine and components failure, and provide engineering analytics, where LTTS will bring in the domain expertise and RUL prediction models and will leverage PTC tools/platforms to deliver a comprehensive solution for customers. This in turn will enable organizations to increase efficiencies in the automation of aerospace MRO operations. It will also help in optimizing field repairs and aftermarket support through AR/VR integrated with digital manuals (IETM) and workflow implemented through PTC ThingWorx platform.

LTTS has a global relationship with PTC to provide next generation Smart Digital Solutions & Services to shared enterprise customers worldwide. The parties have an LTTS-PTC Center of Excellence (CoE) showcasing Smart Digital Solution experiences leveraging PTC products including the ThingWorx IoT platform. With the extension to the aerospace, defense, and transportation sectors, LTTS and PTC will enable digital transformation of data from design to manufacturing stage enabling services support to airlines though PLM/PDM application. In addition to furthering the product innovation journey, LTTS will be able to offer more possibilities across the client value chain.

Alind Saxena, President, Sales and Whole Time Director, L&T Technology Services, said, “We are delighted to expand our existing alliance with PTC for the benefit of the global aerospace industry and demonstrate the power of Industry 4.0 on the manufacturing shop floor. Our joint solutions will enable leadership in Industrial IoT, Data Engineering and the entire product and service life cycle management, enabling global aerospace and defense companies to improve quality, throughput, and design while achieving greater efficiencies in manufacturing operations”.

“We are excited that LTTS has chosen PTC as a key partner for delivering engineering and PLM managed services. With the extension to the aerospace and defense verticals, we and LTTS will further extend our capabilities to unlock new and improved business values across multiple industry verticals. This will further help to leverage each other’s resources, technology, market presence and engineering know-how, serving the aviation sector in EU as well as the rest of the world,” said Stuart Heavyside, Chief Partner Officer, PTC.

L&T Technology Services and PTC will also be hosting an exclusive networking evening at this year's International Paris Air Show where experts from across the industry will gather to discuss the latest technological innovations in the aeronautics domain.

Join us to learn more about "Engineering Sustainable Future of Digital Aviation" on Thursday June 22nd ,   2023.

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 22,200 employees spread across 22 global design centers, 28 global sales offices and 99 innovation labs as of March 31, 2023. For more information, visit https://www.LTTS.com/

Windchill and ThingWorx are trademarks or registered trademarks of PTC Inc. in the United States and other countries.