Polaris Announces Bornfree Motors LLP As Its Authorized Off-Road Vehicle Dealer In Karnataka

Polaris, a global leader in off-road vehicles, today marked another significant milestone by appointing M/S Bornfree Motors LLP as the authorized dealer for promoting Polaris Off-Road Vehicles (ORV) in the vibrant state of Karnataka. The esteemed dealership, Bornfree Motors LLP, is headed by Mr. Prithvi Prasad, a dedicated professional and a passionate off-roader himself.

Mr. Prithvi Prasad, Director of Bornfree Motors LLP, has been a fervent off-roader since his childhood, possessing an in-depth understanding of Polaris products. His long standing dream of merging his passion with his profession has become a reality with the recent appointment as a Polaris ORV Dealer in Karnataka.

Polaris recognizes Karnataka as a significant business location for off-road vehicles, and the partnership with Bornfree Motors LLP is expected to further strengthen the brand's presence in the region. The state has demonstrated consistent growth and interest in Polaris vehicles over the past few years.

Lalit Sharma, Managing Director,  Polaris India, expressed confidence in the partnership, stating, "Karnataka has proven to be a strategic market for us, and we believe that Bornfree Motors LLP, under Mr. Prithvi Prasad's leadership will contribute significantly to our growth in the region."

"We are delighted to welcome Bornfree Motors LLP as our authorized dealer in Karnataka. Mr. Prithvi Prasad's personal connection with off-roading and his dedication to Polaris products make him an ideal partner for us. We look forward to a successful collaboration that will bring the thrill of off-roading to enthusiasts across Karnataka," said Ashish Singh, National Sales Head at Polaris.

Mr. Prithvi Prasad, who is not only a seasoned off-roader but also a certified "International Cricket Council" cricket coach, shared his enthusiasm, "It's a dream come true to be associated with Polaris as an authorized dealer. I am thrilled to bring the world-class Polaris ORVs to the off-road enthusiasts in Karnataka. This partnership aligns perfectly with my passion for off-roading, and I am confident that it will be a great success."

With this partnership, Polaris India is looking forward to providing an unmatched off-roading experience to adventure enthusiasts in Karnataka.

About Polaris India:

Polaris Inc. (US) designs, engineers, manufactures and markets innovative, high-quality Off-Road Vehicles (ORVs), including All-Terrain Vehicles (ATVs), Polaris RANGER ®, RZR® side - by - side, Snowmobiles, Indian Motorcycles and On - Road Electric.

Polaris India Pvt. Ltd. was established as a wholly owned subsidiary of Polaris Inc. (USA). We launched our flagship products including All-Terrain Vehicles (ATVs), Polaris RANGER: RZR® side - by - side and Snowmobiles in India on 24th August 2011. Through our selected product range, we are creating a whole new culture of Off-Road adventure in India. Polaris India has a strong network of 10 dealerships and state of the art Polaris Experience Zones (Off-Road Tracks) to take the off-road riding culture way ahead. The Polaris networks are located at Jammu and Kashmir, Delhi, Ahmedabad, Dimapur, Chennai, Cochin, Hyderabad, Jaipur, Mumbai and Bengaluru.

Information about the complete line of Polaris products, apparel, and vehicle accessories are available from authorized Polaris dealers or at www.polarisind.in.

Cummins Group In India To showcase Its Next Gen, Future Emission-Ready Power Solutions Portfolio At CII EXCON 2023

* Set to showcase next-generation, future emission-ready, Legend L10 and M15 engines that boost fuel economy, offer higher power density, and serve wider application segments.

* Augments sustainable solutions portfolio with Hydrogen Internal Combustion Engine (H2ICE), with zero well-to-wheel CO2 emissions.

* Provides power of choice for a sustainable future with fuel-agnostic engine capabilities across clean diesel, renewable fuel, and green hydrogen. 

* Indigenous products, tailored for India market, supported by a dependable and extensive pan-India network for aftermarket parts and services.

Cummins Group in India (“Cummins”), one of the leading power solutions technology providers in the country, will be showcasing its Make in India, next-generation fuel-agnostic, sustainable, and robust engine solutions designed for off-highway construction operations, at CII EXCON 2023, at the Bangalore International Exhibition Centre (BIEC).  

To cater to the growing demands of the construction industry in India, Cummins is offering two new, fuel-efficient, and low-emission engines – the Legend L10 and M15 developed on fuel-agnostic architecture. The company will also exhibit its Hydrogen Internal Combustion Engine (H2ICE) as a part of its fuel-agnostic platform.

Speaking on Cummins participation in EXCON 2023, Anjali Pandey, Chief Operating Officer, Cummins Group in India, said, "As India's economy ascends on its trajectory, the development of robust infrastructure stands as a linchpin in this remarkable growth journey. At Cummins, our comprehensive manufacturing and technological capabilities position us uniquely to cater to the nation's evolving power solution needs and bolster its growth. The products that will be showcased at EXCON-2023 underscore our commitment to powering an 'Atmanirbhar Bharat,' by providing indigenous solutions tailored for both domestic and global markets. Through the delivery of sustainable and resilient products engineered to operate seamlessly in the most challenging environments, we remain dedicated to upholding our brand promise of innovation and dependability."

Nitin Jirafe, Vice President, Engine Business, Cummins Group in India, further added, “With fit-for-market, cost-effective, and fuel-efficient solutions, we consistently empower the construction sector to operate with a high degree of efficiency and productivity. The introduction of the 10-Liter electronic engine platform provides end users with a locally manufactured product that will cater to a wide variety of applications. At EXCON 2023, we take great pride in expanding the growth horizons of construction equipment providers with cutting-edge new products. These innovations are tailored to meet the emerging need for high-power equipment, promising enhanced productivity, and power of choice to customers with a wide variety of fuels like diesel, natural gas, and hydrogen. Committed to our brand promise of innovation and dependability, our products are backed by unmatched customer support and aftermarket parts availability to ensure 100% uptime across India.”

The range of products that will be on display at the tradeshow include-   

M15 diesel engine  

The Cummins non-emission M15 diesel engine features an electronic fuel system designed to enhance fuel economy and drivability for operators. The engine boasts of low Noise, Vibration, and Harshness (NVH) and is upgradeable to higher emission norms. Backed by an advanced Extra High-Pressure (XPI) fuel system, a new Electronic Control Module (ECM), and software, it’s suitable for applications like >1300 cubic feet per minute (cfm) Compressors, Dump Trucks, >80T Excavators and others. 

L10 diesel engine  

The L10 diesel engine with up to 454 hp (338kW) output extends heavy-duty robustness down to a 10-liter displacement. The key benefits of this engine include improved productivity over legacy mechanical engines, significantly higher fuel efficiency, and increased oil drain intervals, leading to lower downtime and maintenance costs. Moreover, the electronic control interface provides better control over the engine's response to load demand. This engine is befitting for applications like 900 cfm to 1250 cfm Compressor, 65T to 80T Excavators, and others.  

B6.7H - Hydrogen Internal Combustion Engine 

The B6.7H hydrogen engine with up to 290 hp (216 kW) output and 1200 Nm peak torque features cutting-edge technology with diesel-like performance on thermal efficiency and power density. When paired with green hydrogen it emits zero carbon, making it a suitable product for a sustainable future. Developed on a fuel-agnostic platform, it provides customers with the flexibility to quickly adapt and offer varied fuel options. 

B6.7 and B4.5

With 60+ years of providing efficient and dependable engines, Cummins will be also displaying its highest-selling B6.7 (173 to 260 hp) / (129kW to 194kW) engine, known for excellent performance, reliability, and Total Cost of Operation (TCO) in this power range, and B4.5 (121 to 173 hp)/ (90kW to 129kW) engine with the best-in-class fluid economy. 

Single Module™ Aftertreatment System 

Cummins is also showcasing its ultra-high efficiency aftertreatment system 9-inch (0.229 Meters) Single Module™. This innovative system is up to 70% smaller and 40% lighter compared to systems with similar architectures. It offers improved NOx conversion efficiency that removes over 99% of all particulate matter (PM) by weight and count. The product is optimized with a liquid-only, freeze-robust UL2.2 dosing system, which significantly improves reliability. 'Made in India' with over 70% localized components, this product readily adapts to a variety of applications as it is available in catalyst diameters ranging from 5.66 inches (0.144 meters) to 13 inches (0.330 meters).

Aftermarket Support

The company also provides leading aftermarket support to customers through an extensive service support network of 18 Dealers and 480 touchpoints. This network offers a comprehensive range of products and services, such as Parts, New and Rebuild Engines, Repowering and Replacement solutions, Batteries, Service Solutions, Allied Products, Comprehensive Annual Maintenance Contracts, Operations and Maintenance Contracts, Extended Warranty, Engine Health Checks, Maintenance and Repair Services. With over 3,000+ company-trained engineers and technicians, this network manages service events for 5,25,000 engines on the field, serving over 2,00,000 customers across various markets in India, Nepal, and Bhutan in off-highway segments.

With the emission norm changes and introduction of Aftertreatment Systems and Controls, Cummins has established a pan-India network of Component Care Centers (CCC) equipped to provide service and spares to this new technology.

Cummins aftermarket will be showcasing the Funnel Fuel Filters, a new heavy-duty, fast-flow filter designed to separate free water and harmful contamination from gasoline, diesel, heating oil, and kerosene.

Another cutting-edge innovation on display, the ‘Fuel Sure Kit’, enables on-the-spot identification of adulterated fuel in the field, thereby saving valuable time and resources. With the Fuel Sure Kit, customers can confidently ensure that every drop of fuel is safe for the health of both the engine and (Selective Catalytic Reduction) SCR. Additionally, Consumables, Genuine Parts, and Overhaul Kits will also be on display.

About Cummins India Limited: 

Established in 1962 and headquartered in Pune, Cummins India Limited (NSE: CUMMINSIND | BSE: 500480) is one of the leading power solutions providers in the country. As the oldest and the largest entity within the Cummins Group in India, Cummins India Limited is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and boasts of 6 state-of-the-art manufacturing plants, assembly, and distribution facilities. With over 480 customer touchpoints, the company is committed to its customers’ success and ensures that its services and solutions are readily accessible. The company has more than 3,000 employees who contribute their expertise and commitment to ensure Cummins India delivers on its mission of making people’s lives better by powering a more prosperous world.

About Cummins Group in India: 

Cummins Group in India is a leading provider of integrated power solutions for the industrial and automotive sectors. The Cummins Group operates in India through sixteen legal entities. With a wide-ranging portfolio, the group is engaged in designing, manufacturing, distributing, and servicing diesel and natural gas engines and powertrain-related component products, including filtration, after-treatment, turbochargers, fuel systems, controls systems, air handling systems, transmissions, and electrified power systems. Further, with the recent acquisition of Meritor, Cummins Group has expanded its portfolio in India to include drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicles, and industrial markets. The Cummins Group has a remarkable presence with 22 manufacturing plants, assembly, and distribution facilities and employs over 10,000 employees in India.

Godrej Security Solutions Redefines Security Standards With Innovative Offerings At IFSEC INDIA 2023

~ The brand exhibits end to end home and institutional security offerings at Pragati Maidan, Delhi~

Godrej Security Solutions, a division of Godrej & Boyce, the flagship company of the Godrej Group, showcased its latest innovations for home and institutional security at IFSEC, Pragati Maidan, Delhi. The company displayed and demonstrated its innovative offerings at India's Biggest Security Expo – IFSEC 2023, South Asia's Largest Security Expo and Conference, from 7th to 9th December.

The company is at the forefront of security innovation, exhibiting innovative products at IFSEC 2023. Redefining home security, Godrej Security Solutions has introduced a diverse set of security products in the home, gifting, and institutional segment. With the gifting segment growing exponentially, Godrej has introduced an all-new range of lockers called the Verge Series in the personal locker category. The Verge series presents tastefully designed personal lockers, catering to users in search of stylish storage solutions to enhance their living spaces.

Furthermore, with kids being early adopters of technology, Godrej has also introduced a special range of digital and mechanical lockers for kids called The Dream Box range, to inculcate the habit of organizing valuables.   In addition to that, Godrej has unveiled an upgraded version of one of their leading home locker models—the Matrix, now available in a sophisticated Premium Coffee Brown hue, seamlessly blending elegance with functionality. Furthermore, with the need for multiple locking mechanisms, Godrej has introduced a new range of home lockers called NX Pro Plus which is equipped with Mechanical and Digital Locking mechanism to ensure effortless access for users of any generation in a family.  The brand has also come up with the NX Advance range with a triple locking mechanism of electronic, mechanical and biometric locking system for enhanced safety

In the Premises and Electronic Security Solutions, Godrej has been instrumental with innovative product offerings like the Anti Drone with Battery, Bollards, Number Plate Recognition cameras, Explosive Vapor Detector, E-fencing and more.

Under Physical Security, Godrej Security Solutions has come up with a cutting-edge security system called the Smart Fog, to safeguard property and valuables from potential threats. A motion sensor detects break-ins and triggers the gas. While the foggy conditions last for 30-40 minutes, the low visibility (<1m) causes burglars to abandon their plans and leave the premises as quickly as possible!

These innovations are at the forefront of Godrej Security Solutions' ongoing Secure 4.0 initiative, a testament to the brand's enduring commitment to raising awareness about evolving threats and encouraging users to adopt the most robust security measures available.

Speaking on the occasion, Mr. Pushkar Gokhale, Business Head, Godrej Security Solutions, said, “It is indeed a pleasure to be a part of “IFSEC”, South Asia's Largest Security Expo and conference.  At Godrej Security Solutions, we are committed to innovating and delivering effective, user-centric security solutions. The products showcased at this event underscore our commitment to offering top-notch security, seamlessly blending into users' lives. Security for us, is not just a necessity, it's an immersive experience. This platform allows us to showcase innovations and reiterate our dedication to safeguarding what matters most to our customers. It also allows us to enlighten our customers about how they can make their premises secure through our state-of-the-art Solutions.

Product portfolio:

Verge PL2L BL White: Incorporating advanced security features, the Verge PL2L BL White sets new standards for home security. Its sleek and stylish design and innovative technology provide a robust solution for modern security needs.

Verge PL2L EL White: This variant of the Verge series, with its elegant white finish, combines aesthetics with functionality like motorised lock for enhanced safety, offering users a sophisticated security solution for their homes.

Dream Box GS4.5L EL in Red and Blue: The Dream Box GS4.5L EL in vibrant Red and Blue colors not only enhances the visual appeal but also integrates advanced security measures. It is equipped with features like emergency access key, cash deposit cutout and more. It exemplifies the fusion of design and technology.

NX Pro Plus – Godrej has introduced a new range of home lockers called NX Pro Plus which is equipped with Mechanical and Digital Locking mechanisms giving the liberty to users to  effortlessly access the home lockers using the locking option of their choice.

NX Pro Advanced – The NX Advance range with a triple locking mechanism of electronic, mechanical and biometric locking system ensures that home lockers have enhance  level of  safety

Matrix 3016 V5 EL + KL in Coffee Brown: Combining elegance with functionality, the Matrix 3016 V5 EL + KL in Coffee Brown offers advanced security features for institutional use. Its design is tailored to meet the demands of modern architecture.

Rhino Advanced Digi EL in Gold: The Rhino Advanced Digi EL in Gold introduces a new level of sophistication to security solutions. Its gold finish adds a touch of luxury while maintaining high-level security standards.

Citadel 45 V2 GL in Ivory: The Citadel 45 V2 GL in Ivory is a testament to Godrej Security Solutions' commitment to providing secure storage options with a focus on aesthetics. It seamlessly blends into various settings.

Anti drone with Battery – The Anti drone solutions fights widespread drone threats by offering security operators a complete high performing integrated and extremely mobile and highly configurable solution

Blocking Bollards – With increasing incidents of terrorism, that can cause damage to life and Property, Blocking Bollards are a modern and innovative solution to thwart unauthorized access.

Explosive Vapor and Trace Detector – It can detect and identify a wide variety of explosives including pure explosive, composite, explosives in vapor mode under different humidity and pressure conditions.

Seethru smart series cameras- They are network-based cameras. They are highly scalable and start with 4 channels, going upto 128 channels. They have servers that can take up to 2,000+ cameras.  These cameras have a built-in AI video Analytics feature, an Automatic License Plate Recognition system (ALPRS) that can effectively capture numbers from the number plate of the vehicles with 95% accuracy. They support command and control centers and are equipped to integrate audio along with the video feed. They are ideal for malls, hotels, hospitals and schools.

About Godrej Security Solutions:

Godrej Security Solutions is a division of Godrej & Boyce Mfg. Co. Ltd and part of the USD 4.1 billion Godrej Group. A pioneer and leader in the business, Godrej Security Solutions Division is the largest manufacturer and marketer of Security Solutions in India. It is the largest supplier of security solutions to several prestigious banking, corporate and public institutions. For the first time in the category and the industry, Godrej Security Solutions Division has been awarded the Superbrand status. It has also won the “Most Preferred brand” award in the Home Segment. The Division currently exports its products to over 45 countries including Middle East Asia, South East Asia, Far East Asia, East Africa, the US, Europe and the SAARC Countries. 

Rallis India Drives Innovation In Crop Nutrition With NAYAZINC™

* A unique, patented, and high potential Zinc Fertiliser, transforming soil zinc application

Rallis India Limited, a Tata enterprise and a leading player in the Indian agri inputs industry, is strengthening farming practices with NAYAZINC™, a unique, patented zinc fertiliser designed for soil application. This innovation is transforming agricultural practices across various crops, soils, and agro-climatic conditions, providing farmers a highly efficient alternative to Zinc Sulphate.

NAYAZINC™ is a fully FCO-compliant product with high standards of quality and aspires to replace Zinc sulphate as a preferred choice for Indian agriculture. With 16 percent zinc, it provides optimum zinc nutrition to the plants at almost one-tenth of zinc application when compared to Zinc Sulphate. With 9 percent magnesium also in its content, NAYAZINC™ boosts photosynthesis during the early growth phase. NAYAZINC™ offers an innovative solution suitable for a wide range of crops; Paddy, Wheat, Maize, Sugarcane, Pulses, Oilseed, Vegetables, Cotton, Sorghum, Mustard; Groundnut, and Soybean.

Sanjiv Lal, Managing Director of Rallis India Limited, expressed his enthusiasm about NAYAZINC™, stating, NAYAZINC™ is a testament to our dedication towards achieving our Mission – “Serving Farmers Through Science”. More than 45 percent of Indian soils are low in plant-available zinc, NAYAZINC™ is an innovative solution to enhance productivity and improve sustainability. Zinc nutrition in plants has a strong bearing, much like zinc nutrition in human beings, especially infants and babies. Our investments in this product are intended to provide a strong foundation for healthy soil, producing healthy foods for a healthy nation.”

S.Nagarajan, Chief Operating Officer of Rallis India Limited, added, “Built on the principles of Zinc delicately bound in a Polyphosphate chain to prevent it from undesired reactions in soil, this innovative micronutrient fertiliser allows co-application with any crop nutrient source and acts as a slow-release fertiliser to improve use efficiency several times when compared with the traditional Zinc Sulphate. NAYAZINC™ represents a significant step forward in crop nutrient application. ”

Rallis India Limited aspires to elevate agricultural practices through its inventive crop nutrition solutions. The company's steadfast commitment to R&D and business development has yielded promising results in current markets, reinforcing its leadership in the agri-input Industry. The company is confident that NAYAZINC™ will usher in a new era of sustainable farming practices, benefiting both farmers and the environment in the foreseeable future.

For additional information about other products in Rallis India’s portfolio, visit https://www.rallis.com/

About Rallis India:

Rallis India Limited is a subsidiary of Tata Chemicals Limited and a part of the US$ 150 billion Tata Group. It is one of India’s leading agro sciences companies, with more than 75 years of experience in servicing rural markets with the most comprehensive portfolio of products/solutions for Indian farmers. Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agro-inputs, branding, and marketing expertise along with its strong product portfolio in seeds and crop nutrition and crop protection which is available through a vast distribution network of 7,000 dealers and over 1,00,000 retailers across India. Rallis has marketing alliances with several multinational agro companies. Rallis is also known for its manufacturing capabilities and ability to develop new processes and formulations, hence is considered as a preferred partner for contract manufacturing by leading global corporations.

Admission Open For PhD Programs At MAHE, Manipal: Expanding Horizons in Science, Technology & Management, Among Others

* Total Research Publications in 2022: 3876+

* Top 10 percentile publication in 2022: 18%

* International co-authored publications in 2022: 34%

Manipal Academy of Higher Education (MAHE), Manipal an Institution of Eminence, has invited applications for its prestigious PhD programs for the academic year 2024-2025 in full-time (TMA Pai Scholarship/Self-funded) and part-time (working professionals) categories by 25th December 2023. As part of its commitment to fostering innovation, and interdisciplinary research, the university invites aspiring scholars and researchers to join its diverse and vibrant academic community by enrolling in PhD programs in Science, Technology & Management, Health Sciences, and Humanities, Liberal Arts & Social Sciences. The last date to apply for online admission is 25th December 2023, and prospective candidates are encouraged to submit their applications before the deadline at https://mahephd.azurewebsites.net/

At MAHE, Manipal, researchers take on complex challenges of the modern world to drive positive change. As part of the university's PhD programs, scholars are allowed to pursue advanced research in their respective fields under the guidance of highly experienced and qualified researchers committed to contributing to society by applying multidisciplinary research techniques, maintaining high ethical standards.

Potential research areas within each discipline are as follows: In Health Sciences, candidates can explore Dentistry, Health Sciences (Medicine), Life Sciences, Nursing, Pharmacy, Public Health, Regenerative Medicine, Virology, Yoga and many more. In Science, Technology & Management, the program offers research opportunities in key areas such as Architecture, Basic Science, Commerce and Economics, Earth Science, Engineering, Hotel Administration, and Management among others. In the field of Humanities, Liberal Arts & Social Sciences, candidates can delve into European Studies, Geopolitics, Humanities, Media and Communication, Philosophical Arts and Law.

((Speaking about the programmes, Dr. Satish Rao Director (Research) said “MAHE, Manipal's programmes not only empower students by providing unique opportunities to become experts in their respective fields, but also prepare them to make significant contributions to academia as well as industries at large. Furthermore, through rigorous research and interdisciplinary collaboration, our PhD candidates gain critical thinking, problem-solving, and leadership skills that are critical for addressing complex global challenges. They not only advance knowledge by delving deeply into their chosen fields but they also pave the way for innovation and progress.”

In order to be eligible for the PhD programs, candidates must possess a relevant master's degree in the relevant field or MBBS/BDS/PharmD degree with at least 60% marks, or a 4-year Bachelor Degree with at least 75% marks.  

In addition, the University will provide 300 Dr. TMA Pai Scholarships to deserving Full Time PhD candidates in the academic year 2024-2025 to support their pursuit of knowledge and research. As part of these scholarships, students receive a monthly stipend of Rs. 25,000 during their probationary period of up to six months, followed by Rs. 31,000 in the first and second years, and Rs. 35,000 in the third year, enabling them to focus on their research. Moreover, students receive financial support for attending conferences and workshops.

The selection process for the PhD programs at MAHE is rigorous and competitive. Candidates will be evaluated based on their academic achievements, entrance exam and performance in a personal interview.

About Manipal Academy of Higher Education: Manipal Academy of Higher Education (MAHE), Manipal an Institution of Eminence, Deemed to be University, is a self-financing Higher Educational institution which started its operations in 1953 by establishing the first self-financing medical college, KMC Manipal, as Public Private collaboration model. Over the years various institutions have been added and finally in 1993 June, these group of institutions have been declared as a Deemed to be University by the Govt. of India. The excellent track record in academics, infrastructure and research contributions and its standing in the national and international rankings, culminated in it being declared as an Institution of Eminence Deemed to be University (IoE) by the Ministry of Education, Govt. of India, in October 2020. Presently MAHE Manipal offers 300+ programmes in 30+ streams which includes undergraduate, postgraduate and doctoral levels at its four campuses in India and one overseas campus. It has about 35000 students on its rolls. MAHE Manipal, as an IoE, is committed to provide quality higher education at affordable cost and contribute in increasing the gross enrolment rate ratio in higher education. 

Senior Citizens Can Now Avail Up To 7.80% Interest Rate On Kotak Mahindra Bank Fixed Deposits

Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) announced an increase in interest rates on Fixed Deposits (FDs) of less than Rs 2 crore up to 7.80% for senior citizens. Senior citizens can now enjoy enhanced returns, with rates increased by up to 85bps across various tenures.

For tenures ranging from 23 months to 2 years, senior citizens can earn up to 7.80%, showcasing Kotak's commitment to rewarding its senior customers. The upward revision extends to tenures of 2 to 3 years, offering 7.65%.

Regular customers investing less than Rs 2 crore also benefit due to the 50 basis points (bps) increase for FDs with tenures of 3 to 4 years, now providing an impressive 7.00%. Additionally, tenures of 4 to 5 years see a remarkable hike to 7.00%, up from the earlier 6.25%.

Virat Diwanji, Group President and Head – Consumer Bank at Kotak Mahindra Bank, stated, "Fixed deposits are considered safe and low-risk investments, particularly by senior citizens. Our increased FD rates enhances their regular source of income.”

Tata Power And Indian Oil Corporation Collaborate To Deploy 500+ Fast And Ultra-Fast EV Charging Points Across India

Tata Power EV Charging Solutions Limited (TPEVCSL), a Tata Power Group Company and one of the leading EV Charging solutions providers, and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to roll out fast and ultra-fast electric vehicle (EV) charging points across India. The collaboration will see Tata Power install 500+ EV charging points across multiple IOCL retail outlets.

These EV charging points will be installed in major cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as across major highways such as the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway and the Golden Quadrilateral. This strategic collaboration focusses on building a reliable and expansive intercity charging network which will help alleviate range anxiety for EV owners travelling between cities.

Mr. Virendra Goyal, Head -Business Development-EV Charging, Tata Power said "Our partnership with IOCL is a strategic move towards establishing a robust EV charging network in the country. Leveraging IOCL's extensive presence, Tata Power will set up fast and superfast charging points in multiple regions, contributing to accessibility and inclusivity for a sustainable electric mobility future.”

Tata Power is committed to enhancing the EV user experience through tech integration and innovative solutions. EV users will have a dual advantage of a seamless EV charging experience through the ‘Tata Power EZ Charge’ app and ‘IndianOil e-Charge’ mobile app that can be used to locate and book the chargers at their convenience.  

Representing IOCL, Sh. Saumitra Shrivastava, Executive Director (Retail-N&E) expressed the Corporation’s commitment to adapting to the rising trend of electric vehicle penetration. "IOCL envisages to provide 10,000 EV Charging Stations by 2024 transforming retail network to complete energy solutions outlets. With more than 6,000 EV charging stations at present, the company plans to keep expanding its reach. Our strategic partnership with Tata Power is poised to play a pivotal role in responding to this transformative shift. We at IOCL are geared up to overcome challenges and capitalize on opportunities in this area, ensuring a seamless transition towards a more sustainable and eco-friendly mobility paradigm."

Mr. K Navin Charan, Chief General Manager, Retail Transformation, IOCL; Mr. Soumitra Chakraborty, Chief General Manager, Marketing Strategy, IOCL, and Mr. Virendra Goyal, Head of Business Development – EV Charging, Tata Power were present during the MoU signing ceremony along with officials from IOCL and Tata Power.

Tata Power has established itself as a leader in the electric vehicle charging domain, with a substantial market share of nearly 60%. Their expansive nationwide network, reaching more than 420 cities, offers a comprehensive array of charging solutions, including over 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations. Notably, this network is continually expanding, underscoring Tata Power's unwavering commitment to enhancing electric vehicle charging accessibility across the nation.