Dr. Pavuluri Subba Rao, Founder, CEO And Chairman of Ananth Technologies Conferred With ASI’s ‘Arybhata award’

Ananth is extremely happy and proud that its Founder, CEO and Chairman Dr. Pavuluri Subba Rao has been conferred with the Aeronautical Society of India (ASI)’s ‘Arybhata award’ and also presented with the title of ASI’s ‘Distinguished Fellow’.

The Aryabhata award is in recognition of Dr. Rao’s tremendous lifetime contribution to the promotion of Astronautics in India. It is a great honor to receive this prestigious award from Shri. S Somanath, President, ASI and Chairman, ISRO and from Dr Kiran Kumar ,former Chairman ISRO

Dr. Rao was a scientist at ISRO and in 1992 incorporated Ananth Technologies Limited to indigenously design and develop some of the most sophisticated avionics for ISRO and Defense in India. Ananth currently employees 1600+ across its three Centers of Excellence in Hyderabad, Bengaluru and Thiruvananthapuram. 

ATL has contributed to 98 satellites and 78 launch vehicles so far for Indian space programs.

Lithium Battery Giant Sieger Tech Appoints Kuldeep Magiri As New The Chief Operating Officer

* Former Varroc Head of Operations to Bring Vast Industry Experience to New Leadership Role

Sieger Tech, a leading name in the lithium battery industry, officially announces the appointment of Kuldeep Magiri as its new Chief Operating Officer (COO). Kuldeep, with extensive expertise in operations and manufacturing, is a vibrant force bringing invaluable proficiency to drive Sieger Tech's growth trajectory. 

In his previous role as Head of Operations at Varroc Group, a prominent motor manufacturing firm, Kuldeep’s track record is proof that his strategic implementations have significantly enhanced cost-effectiveness, operational flexibility, and customer satisfaction. With extensive expertise in the manufacturing and automotive sectors, Kuldeep's leadership and strategic vision align with Sieger’s goals of innovation, sustainability and market dominance, in perfect harmony.

Sieger Tech has long been at the forefront of innovation in India's lithium-ion battery and Battery Energy Storage Systems (BESS) market. Establishing a full-scale R&D center in 2017 and pioneering state-of-the-art manufacturing facilities with a capacity of 100MWH, its prestigious research project for Indian Military Application in 2022 underscored its prowess. Guided by principles of quality, reliability, and productivity, Sieger Tech continues to capture significant market share, pioneer advancements in battery technology and solidify its position as an industry frontrunner with an additional manufacturing capacity of 0.1 GWH, totaling 0.6 GWH and scalable to 2 GWH per annum. 

Commenting on the appointment, Sieger Tech's CEO Mr. GURU Prasanth Reddy remarked, "We are thrilled to welcome Kuldeep Magiri to the Sieger Tech family as our new COO. His proven track record in operations management and deep understanding of the manufacturing landscape make him the perfect fit to lead our operations to new heights." 

Kuldeep Magiri expressed his enthusiasm for the new role, stating, "I am honored to join Sieger Tech, a company known for its commitment to innovation and excellence. I look forward to collaborating with the talented team at Sieger Tech to drive operational efficiency and fuel the company's continued success." 

With Kuldeep Magiri at the helm as COO, Sieger Tech is poised to strengthen its leadership position in the lithium battery industry. The company remains committed to driving innovation and customer satisfaction, ensuring a sustainable future through their sophisticated system for managing and maintain batteries.

About Sieger Tech

Sieger Tech stands as a beacon of innovation in the realm of lithium battery technology. With a relentless pursuit of excellence, we strive to redefine the standards of energy storage solutions across various industries. Our commitment to pushing the boundaries of technological advancements is matched only by our dedication to sustainability and reliability. Through cutting-edge research, meticulous engineering, and a passion for progress, Sieger Tech continues to pave the way for a brighter, more efficient future. At the heart of our endeavors lies a steadfast resolve to empower our partners and customers with the most advanced battery solutions, driving progress and prosperity for generations to come.

NIQ Study Reveals Improvement In Health, Motor, And Life Insurance In India

* According to the NIQ Finance Syndicate Study, the industry witnessed a double-digit surge in consumer interest in health and motor insurance over the last 2-3 years.

NIQ, a global leader in consumer intelligence, unveils actionable insights into the rapidly evolving Indian insurance industry. The NIQ Finance Syndicate Study highlights seismic shifts across the life, health, and motor insurance categories, reflecting evolving consumer preferences, intensified competition, and the disruptive emergence of Insurtech.

The NIQ Finance Syndicate Study aims to empower insurers to navigate this changing landscape, where consumer decisions rely heavily on instant brand recall, ensuring that insurance remains synonymous with financial security and empowerment for all.

Speaking about the emerging trends, Mitesh Dabrai, Executive Director – Consumer & Marketing Insights at NIQ in India said, "There is a surge in consumer awareness and engagement, fueled by the rise of new-age Insurtech players challenging traditional giants. The NIQ Finance Syndicate study indicates growth across various insurance sectors. For instance, life insurance has seen a 5% increase in spontaneous awareness and a 9% uptick in consideration. Likewise, health insurance shows a 10% increase in category consideration, while motor insurance demonstrates an 18% rise, highlighting the significance of network and product offerings.”

The category insights from The NIQ Finance Syndicate Study empower insurers to navigate this changing landscape, ensuring insurance becomes synonymous with financial security and empowerment:

Life Insurance:

5% Surge in Spontaneous Awareness: Over the past two years, there has been a notable 5% increase in the relative importance of spontaneous awareness as a category driver, indicating growing consumer consciousness towards life insurance products.

9% Improvement in Category Consideration: The average category consideration has witnessed a commendable 9% improvement in the last three years, underlining heightened interest and engagement among consumers in life insurance offerings.

Health Insurance:

10% Surge in Category Consideration: Consumer engagement in the health insurance segment has soared by 10% over the past two years, driven by heightened consumer involvement and interaction.

Motor Insurance:

18% Increase in Category Consideration: The motor insurance segment has witnessed an impressive 18% improvement in average category consideration, with new-age players significantly contributing to this growth.

This growth underscores the evolving nature of the insurance industry, emphasizing the importance of adopting innovative, differentiated, and personalized approaches to thrive in today's competitive environment. Here are three key implications for insurance companies:

Adapting to Consumer Preferences: Understanding and decoding shifting consumer preferences is imperative for insurance companies to stay ahead in the competitive landscape.

Continuous Innovation: Continuous improvement and innovation in product offerings are essential to meet evolving consumer expectations and outpace competitors.

Personalization Strategies: Personalization and customization strategies can enhance brand relevance and drive loyalty among consumers.

As the Indian insurance industry undergoes transformative changes, The NIQ Finance Syndicate study serves as a beacon, guiding companies towards innovation, differentiation, and alignment with regulatory initiatives. By embracing these changes, insurers can navigate the evolving landscape with confidence, ensuring a future where insurance is synonymous with financial security and empowerment for all.

About NIQ

NIQ is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. In 2023, NIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View. NIQ is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world’s population. For more information, visit NIQ.com.

Walchand PeopleFirst Limited Oppoints Sekhar Burra As New Franchisee For Dale Carnegie in Hyderabad

Walchand PeopleFirst Limited (WPFL), a pioneer in workplace solutions, is excited to announce the appointment of Mr. Sekhar Burra as the new franchisee for Dale Carnegie Training in Hyderabad, Telangana. With this strategic move, Walchand PeopleFirst aims to strengthen its presence in the dynamic Hyderabad market and continue its mission of empowering organizations through innovative training, coaching, and consulting services.

Mr. Sekhar Burra brings over eight years of invaluable experience as the CEO of Sain Innovation Softech, a renowned firm specializing in training, coaching, and consulting. His leadership has been instrumental in driving organizational excellence and fostering a culture of innovation and performance enhancement.

Ms. Pallavi Jha, Chairperson and Managing Director of Walchand PeopleFirst Limited, shared her thoughts about the expansion, saying, "Hyderabad being one of the core cities with a large workforce, holds a special place in our growth trajectory, and we are thrilled to welcome Mr. Sekhar Burra to our network of franchisees. His expertise and commitment to excellence align perfectly with our vision of empowering individuals and organizations to thrive in today's competitive environment. As an organisation we are always motivated to empower individuals and drive transformative change"

Speaking about the appointment, Mr. Burra expressed his enthusiasm, stating, "I am honored to join forces with Walchand PeopleFirst Limited and Dale Carnegie Training to bring world-class professional development solutions to Hyderabad. Our goal is to empower businesses in Telangana to challenge traditional paradigms, break barriers, and achieve unprecedented levels of success."

According to recent statistics, Telangana has witnessed remarkable economic growth, with over 22.5 lakh jobs created in the state's 14 priority sectors in the past nine years. Additionally, Telangana stands out as the only major state in the country to record a Labor Participation Rate of more than 52.43 percent, as per the household survey conducted by the Centre for Monitoring Indian Economy (CMIE) in April 2023.

Hyderabad, known as the "City of Pearls," boasts of a vibrant business ecosystem characterized by rapid growth and innovation. It is one of India's leading technology hubs with more than 9 lakh people in the IT sector with 1500 companies. Furthermore, Hyderabad leads the way in women's employment, boasting a 34% hiring rate, according to the 'State of Women’s Employment in India’ report by talent solutions provider Careernet. Hyderabad presents immense opportunities for organizations seeking to enhance their human capital and drive business growth.

With the introduction of Dale Carnegie Training under Mr. Burra's leadership, businesses in Hyderabad can now access world-class training programs designed to unlock their full potential and achieve sustainable success.

Walchand PeopleFirst Limited remains dedicated to driving positive change and fostering a culture of continuous learning and development. Through strategic partnerships and innovative solutions, the company continues to empower businesses across India to achieve their full potential.

Global Alliance Of Mass Entrepreneurship And SIDBI Successfully Complete First NBFC Growth Accelerator Programme Cohort

* 17 NBFCs completed the First NBFC Growth Accelerator Programme cohort.

Small Industries Development Bank of India (SIDBI) and Global Alliance for Mass Entrepreneurship (GAME) have successfully completed the first cohort of the NBFC Growth Accelerator Programme (NGAP).  Recognising the critical role that smaller NBFCs play in financing MSMEs, particularly new and micro-enterprises, SIDBI and GAME joined forces to create NGAP.

NGAP Cohort 1 comprising 17 Non-Banking Financial Companies (NBFCs) was designed for NBFCs in their growth phase to understand the nuances of the sector, grow as leaders and shape a future-ready organisation through design interventions. This was achieved through a combination of experiential learning modules on risk management, governance, leveraging technology, staying ahead of industry trends etc; personalised mentorship from seasoned industry experts; providing opportunities for peer-to-peer learning & knowledge sharing; and an assessment of each NBFCs operational and financial health.

The five-month intense program has been designed to scale up small NBFCs through various design interventions, thereby facilitating and accelerating flow of institutional credit to them. 

Shri Sivasubramanian Ramann, Chairman and Managing Director, SIDBI, while elaborating on the vision of SIDBI has noted that, “The NGAP initiative is a significant step forward in empowering NBFCs to better serve the MSME sector and reiterated the commitment of SIDBI to nurture the financial entities that serve MSME sector, by equipping them with the tools and knowledge that they need to thrive.  Shri Ramann highlighted the fact that there is a large pool of non-GST registered entities, which are not funded by Banks, and NBFCs should focus on meeting their unmet credit needs.  SIDBI has been playing its part in formalisation of such entities, with about 1.80 crore of Informal Micro Enterprises (IMEs) already registered on to the Udyam Assist Platform (UAP).”

Ketul Acharya, President of GAME, informed that, “The success of the first edition of NGAP is in line with GAME’s mission of bringing together and supporting key stakeholders from all sectors to collaborate, lower systemic barriers and create favourable growth conditions for new and existing entrepreneurs.”

Launched in October 2023, the programme is the first-of-its-kind initiative aimed at addressing the funding challenges faced by smaller NBFCs. With the success of the first cohort, SIDBI, with the support of GAME looks forward to empowering a larger pool of NBFCs to foster a more robust MSME ecosystem in India. 

ELGi Introduces The EG Super Premium Range Of Oil-Lubricated Screw Air Compressors

* Expands renowned EG series to offer customers industry leading energy efficiency with low lifecycle costs

Elgi Equipments (BSE: 522074 NSE: ELGIEQUIP), one of the world's leading air compressor manufacturers, has introduced the EG SP (Super Premium), upgrading the world renowned EG Series portfolio of oil-lubricated screw air compressors. These  machines represent a notable advancement in compressed air technology, offering customers significant energy efficiency gains of up to 15%, best-in-class warranty and performance, with low life cycle costs in the 90-110kW compressor range.  

The upgraded ELGi EG SP units embody newly configured two-stage airends, featuring the proven ?-V profile, which optimises the overall compression process, resulting in up to 15% savings in specific power consumption. Coupled with low-speed airends and a lighter load on each stage, this ensures extended component lifespan. Aside, the IE4 super premium motors, enable seamless integration of advanced design and cutting-edge technology, resulting in increased energy efficiency. All EG Super Premium machines are also equipped with the Neuron 4 industrial controllers which guarantee optimal performance. The EG super premium also features a unique oil filter designed for prolonged 4000-hour lifespans; the filter efficiently removes contaminants from the compressor’s lubrication system, emphasizing exceptional durability and overall longevity. In addition, all EG super premium units are compatible with Air~Alert, ELGi’s add-on IoT solution, which when integrated with the Neuron 4 controller, transforms compressor management by elevating uptime, energy efficiency, and enabling 24x7 global remote monitoring.

Bhavesh Karia, President, ISAAME (India, South Asia, Africa, and the Middle East) and SEA (Southeast Asia), Elgi Equipments Limited,  said, "At ELGi, our unwavering commitment lies in aligning technological progress with tangible efficiency gains for our customers and the environment. With the EG Super Premium, we have taken a stride forward in our quest to deliver heightened performance, while setting new benchmarks for efficiency and dependability in compressed air technology. Recognizing that over 80% of a compressor’s total life-cycle cost is attributed to energy costs, the EG Super Premium compressors deliver an impressive boost of up to 15% in energy efficiency. Tailored for manufacturing enterprises emphasizing energy efficiency and environmental stewardship, these cutting-edge units promise substantial energy savings through their innovative features bundled in a highly competitive total cost of ownership package."

Every EG Super Premium compressor comes with a standard warranty of 6 years for the airend, 3 years for critical parts and one year on the package and an extended warranty of 10* years for the airend and 5* years on the package. The ELGi EG Super Premium is built to ensure long life, reliability, and durability.

*Terms & Conditions apply.

About ELGi: Elgi Equipments Limited is a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. ELGi has consistently worked towards ensuring that its customers achieve their productivity goals while keeping the cost of ownership low. ELGi offers a complete range of compressed air solutions, from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors, and centrifugal compressors to dryers, filters, and downstream accessories. The company's portfolio of over 400 products has found wide application across industries. For further information on the organisation and its products, please visit http://www.elgi.com

Samsung Announces New Era Of AI TVs In India, Launches Neo QLED 8K, Neo QLED 4K And OLED TVs With Powerful AI Features

* The 2024 range of New QLED 8K TVs comes with NQ8 AI Gen3 Processor featuring a Neural Processing Unit (NPU) that delivers an eight-fold increase in neural networks from 64 to 512 — ensuring an exceptional viewing experience with crisp details

* Neo QLED 4K TVs are powered by NQ4 AI Gen2 Processor for stunning 4K resolution

* Samsung is also launching the world’s first glare-free OLED TV

Samsung, India’s largest consumer electronics company, today announced a new era of AI TVs with the launch of its ultra-premium Neo QLED 8K, Neo QLED 4K and OLED TVs at the ‘Unbox & Discover’ event at Samsung Opera House in Bengaluru. The 2024 line-up of Neo QLED 8K, Neo QLED 4K and OLED TVs elevate your home entertainment experience with powerful, AI-driven solutions.

"Samsung is bringing the transformative power of Artificial Intelligence (AI) across product categories to improve consumers' lifestyles. That's why we have integrated AI to home entertainment to offer exceptional viewing experiences for our consumers. Our 2024 range of Neo QLED 8K, Neo QLED 4K and OLED TVs redefine the home entertainment experience and offer new innovations across accessibility, sustainability and enhanced security with the power of AI," said JB Park, President and CEO, Samsung Southwest Asia.

“Televisions have emerged as the centerpieces of modern living, seamlessly integrating technology and lifestyle. The rising demand for larger screen sizes in India reflects consumers' preference for premium TVs. We are launching AI TVs that have been designed to set a new standard in visual immersion and sound quality. With the launch of our new range of AI-powered 8K Neo QLEDs, 4K Neo QLEDs and OLED TVs, we are confident of extending our market leadership in India," said Mohandeep Singh, Senior Vice President, Visual Display Business, Samsung India.

Neo QLED 8K with new NQ8 AI Gen3 Processor for Clarity, Sound and Smart Experiences

Samsung’s flagship TV - Neo QLED 8K – is equipped with the advanced NQ8 AI Gen3 processor, marking a significant leap in AI TV technology. The NQ8 AI Gen3 processor features a Neural Processing Unit (NPU) that delivers twice the speed of its predecessor, along with an eight-fold increase in neural networks from 64 to 512 — ensuring an exceptional viewing experience with crisp details, regardless of the input source.

Several AI features come together to redefine the big screen experience on the 2024 Neo QLED 8K:

AI Picture Technology brings out the finest details with outstanding clarity and naturalness, including facial expressions and other subtle nuances.

AI Upscaling Pro transforms content to closely match the 8K display.

AI Motion Enhancer Pro utilizes a sophisticated motion detection algorithm to enhance clarity during motion-intense content, such as sports, helping users enjoy every moment. During a match, it helps in tracking the ball without any distortion, making users feel they are watching the match LIVE in a stadium.

Real Depth Enhancer Pro adds a lifelike depth to the picture and pulls viewers into the scene.

AI Sound Technology helps deliver precise audio with Active Voice Amplifier Pro, which detects background noises and adjusts volume automatically. Object Tracking Sound Pro enriches the audio experience by syncing the sound with on-screen action, creating a more dynamic and engaging viewing experience. Adaptive Sound Pro further refines the audio experience by intelligently adjusting the audio to the content and room acoustics, for a genuinely rich and lifelike sound.

AI Auto Game Mode recognizes both the game and the genre and automatically tailors the picture quality and sound quality settings.

AI Customization Mode adjusts the picture for each scene based on user preference basis the content type.

AI Energy Mode saves power without compromising picture quality.

The Neo QLED 8K is available in two models, QN900D and QN800D, and in sizes of 65, 75, and 85 inches.

Expansive Lineup for All Entertainment Needs: Neo QLED 4K, World’s First Glare-Free OLED

The 2024 Neo QLED 4K lineup is powered by the NQ4 AI Gen2 Processor, which breathes life into almost any content, rendering it in stunning 4K resolution. Enhanced by Real Depth Enhancer Pro and Quantum Matrix Technology, the screen ensures impeccable contrast even in complex scenes. With the world’s first Pantone Validated display for colour accuracy and Dolby Atmos for an immersive audio experience, Neo QLED 4K sets the bar for the ultimate 4K UHD experience.

The Neo QLED 4K is available in two models, QN85D and QN90D, and in sizes of 55, 65, 75, 85 and 98 inches.

Samsung is also introducing the world’s first glare-free OLED, eliminating unnecessary reflection while preserving deep blacks and clear images under any lighting condition. Powered by the same formidable NQ4 AI Gen2 Processor as the Neo QLED 4K lineup, Samsung’s OLED TVs boast features like the Real Depth Enhancer and OLED HDR Pro, bringing picture quality to new heights.

Additionally, with features such as Motion Xcelerator 144Hz ensuring smooth motion and quick response rates, Samsung OLED is the ultimate choice for gaming. Complemented by sleek designs, these OLED TVs elevate the viewing space. Samsung OLED TV will be available in two models — S95D and S90D — in sizes of 55, 65, 77 and 83 inches.

Samsung has also curated localized Smart Experiences for Indian consumers to include a range of services like gaming, entertainment, education and fitness.

Cloud Gaming Service enables users to experience AAA games with Plug and Play - with no console or PC required.

Samsung Education Hub helps users to experience Big Screen Learning with live classes, making learning for your kids more interactive and immersive.

Smart Yoga can be experienced with an AI- enabled mat. You not only get real-time asana tracking tips, but also posture correction feedback.

Additionally, with TV Key Cloud service, consumers no longer need a set-top box as it enables direct transmission of content through the cloud.

Samsung TV Plus provides 100+ channels absolutely free with instant access to news, movies, entertainment and more.

The 2024 Neo QLED 8K, New QLED 4K and OLED TVs are designed to connect with a smart ecosystem immediately upon setup. The moment users turn on their new Samsung TV, the TV recognizes and connects to existing networks and devices, all orchestrated through a simple notification on users’ smartphones. This effortless setup extends to all Samsung devices at home as well as third-party appliances and IoT devices.

Samsung’s 2024 screen lineup also brings integration with users’ smartphones to new heights. Users can simply bring their smartphone near the TV to activate Smart Mobile Connect, which turns the device into a universal remote for the TV and connected home appliances.

The new AI TVs also provide a highly personalized experience with apps and platforms. With the latest addition of widgets, TV screens are now personalized dashboards that allow users to easily monitor home status, camera feeds, energy usage, weather updates and more. Security is paramount, and with Samsung Knox, every feature, app, and platform benefits from robust protection, allowing connected experiences to remain private and secure.

Samsung also announced the all-new Music Frame, marrying premium audio with artistic design inspired by The Frame. This versatile device allows users to display personal pictures or artwork while enjoying wireless audio with smart features. Whether used as a standalone device or paired with a TV and soundbar, the Music Frame promises an enhanced auditory experience that complements any space.

Price and Pre-Order Offer

As part of pre-order offer, consumers purchasing the Neo QLED 8K, Neo QLED 4K and glare-free OLED range will receive a free soundbar worth up to INR 79990, Freestyle worth INR 59990, Music Frame worth INR 29990, depending on the model, until April 30, 2024. Consumers can also avail up to 20% cashback depending on the model.

Samsung’s Neo QLED 8K range starts from INR 319990

Samsung’s Neo QLED 4K range starts from INR 139990

Samsung’s OLED range starts from INR 164990

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners. For latest news on Samsung India, please visit Samsung India Newsroom at http://news.samsung.com/in. For Hindi, log on to Samsung Newsroom Bharat at https://news.samsung.com/bharat. You can also follow us on Twitter @SamsungNewsIN.