G. Srinivasa Raghavan Appointed Chairman of NEXUS Automotive International

* First Asian to be appointed to this position

G. Srinivasa Raghavan, Managing Director - Ki Mobility Solutions and CEO & Global President - TVS Mobility has been elected as Chairman of the Board of Directors of NEXUS Automotive International. Ki Mobility Solutions is a leading Indian player in the independent automobile aftermarket business. This appointment strengthens, NEXUS’ as a “growth accelerator” and “innovative” strategies.

In line with NEXUS’ DNA since its creation 10 years ago, NEXUS has elected a leader coming from a fast-growing market, India, as Chairman of its Board of Directors. It is the first time that an Indian leader is taking a global responsibility of that kind in the Automotive Aftermarket, reflecting the rising role of India in the overall Global economy.

This election sends a powerful message to the entire automotive industry, underscoring Nexus's rising influence in India and broader Asian markets. It demonstrates at the same time how innovation is at the heart of NEXUS’ DNA, Raghavan being the leader of Ki Mobility Solutions (TVS Mobility), a very innovative start-up that is heading towards a large success. It also highlights the company's dedication to expanding its geographical reach, following the leadership of former chairmen from the Middle East (Akram Sharour) and South America (Gerson Prado).

With G. Srinivasa Raghavan steering the Board of Directors, the company is set to continue its trajectory of success, reinforcing its global presence and accelerating the pace of innovative investments within the Global Automotive Aftermarket landscape.

Gaël Escribe, CEO of NEXUS, commented on the election; “Raghavan's appointment aligns perfectly with our core values and our commitment to investing in and supporting activities in fast-growing markets. His leadership will drive us forward and embark on a new decade of global reinforcement. Our new motto, ‘Brightening our future,’ encapsulates our vision for growth and innovation in the coming decades.”

G Srinivasa Raghavan, Managing Director - Ki Mobility Solutions and CEO & Global President - TVS Mobility added, “I am honoured to take on this role at such a pivotal time for NEXUS. We are poised to strengthen our position as a leader in the automotive aftermarket industry, facing major challenges head-on. Innovation in a fast transformation industry is a key answer to take benefits from rising opportunities”.

  

PNB Strengthens Partnership With “Indian Army Through PNB Rakshak Plus Addendum”

To further strengthen its support to the armed forces, PNB, nation’s leading public sector bank, has enhanced the insurance coverage and other benefits for all serving personnel of the Indian Army under its flagship scheme – “PNB Rakshak Plus” w. e. f. 01.04.2024.

The addendum to the existing MoU was signed by PNB Chief General Manager Shri Sunil Agrawal and Major General V K Purohit, AVSM, YSM, SM, Additional Director General Personal Services in the presence of PNB Executive Director Shri Kalyan Kumar and Lt. Gen. V Sreehari, AVSM, SC, SM, Director General Manpower Planning & Personal Services, and other senior officials from the Bank and the Indian Army at the office of the Additional Director General Personal Services (ADG PS) Directorate, Adjutant General’s Branch, Army Headquarters.

Apart from this, several additional benefits are being offered to the dependents and families of Rakshak Account holders.

Photo Caption: PNB ED Shri Kalyan Kumar (Centre Right), Lt. Gen. V Sreehari, AVSM, SC, SM, Director General Manpower Planning & Personal Services (Centre Left), Major General V K Purohit, AVSM, YSM, SM, Additional Director General Personal Services (Right) & PNB CGM Shri Sunil Agrawal (Left)

IndusInd Bank Roots For MSME Growth And Success With Focused Banking Initiatives

* The Bank offers a plethora of tailored banking solutions to support the MSMEs

On the occasion of International MSME Day today, IndusInd Bank recognizes the essential role that Micro, Small, and Medium Enterprises (MSMEs) play in India's economy, by introducing the knowledge series named “Level Up”, and highlights a range of MSME-focused initiatives implemented by the Bank. The ‘IndusInd Bank Level Up’ is a knowledge series wherein successful business owners and C-suite executives provide MSMEs with insights on strategic planning, financial management, digital transformation, and market expansion, which further aims to equip businesses with practical strategies to navigate challenges and foster sustainable growth in competitive markets. With an aim to facilitate easy credit access, reduce operational costs, and ensure business continuity for MSMEs, IndusInd Bank is doubling down on its commitment to strengthen the sector.

To make these banking initiatives available and thereby empower MSMEs to thrive and expand seamlessly, IndusInd Bank has established 126 MSME Hubs across India, strategically situated in concentrated MSME activity areas. These hubs offer tailored banking experiences with expedited loan approvals, customized products, and expert guidance. Besides this, the Bank also prioritizes digital transformation to ensure quick sanctions and disbursals in the MSME segment. Additionally, to provide quick funds, reduce administrative burden, and enable growth, the Bank's GSTOD (Goods and Services Tax Overdraft) product allows registered MSMEs to get instant sanction of funds up to ?2 crores with minimal documentation and a one-time GST OTP.

In its constant endeavor to evolve product offerings for MSMEs, Bank’s most recent initiatives include the ‘IndusWE’ program, empowering women entrepreneurs with not just banking but with holistic support of other services that will enable their business growth.  Further, Bank offers CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprise) backed loans to eligible MSME borrowers under the Government’s CGTMSE scheme, wherein collateral-free financing up to ?5 crores is provided, enhancing credit accessibility.

IndusInd Bank has been always leading in the sustainability front and as one of the leading initiative, the Bank also offers ‘Solar power financing’ that supports MSMEs in adopting solar energy, reducing costs sustainably. Bank has also introduced ‘Loan Protect’ product to ensure business continuity for MSMEs against unexpected disruptions for MSMEs.

Mr. Sanjeev Anand, Head - Corporate, Commercial, Rural & Inclusive Banking, IndusInd Bank, said, “India’s MSMEs are fundamental to the nation's growth and serve as the backbone of the Indian economy. As our country strives for a $5 trillion GDP, MSMEs will be key in achieving this milestone, augmented by various government initiatives that are designed to enhance their competitiveness and growth. This MSME Day, IndusInd Bank recognizes the contributions of MSMEs to India's economy and remains steadfast in its effort to support their growth and success.”

About IndusInd Bank:

IndusInd Bank Limited commenced its operations in 1994 catering to the needs of consumer and corporate customers. Since its inception, the Bank has redefined the banking experience for its customers including various government entities, PSUs, retail and large corporations. As on March 31, 2024, IndusInd Bank has a customer base of approx.39 million, with 2984 Branches/Banking Outlets and 2956 ATMs spread across geographical locations of the country and covering 157000 villages. The Bank has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology that supports multi-channel delivery capabilities. It enjoys clearing bank status for both major stock exchanges BSE and NSE and settlement bank status for NCDEX. It is also an empanelled banker for MCX.

RATINGS 

Domestic Ratings: 

·         CARE A1+ for Certificate of Deposits

·         CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds 

·         CRISIL AA for Additional Tier 1 Bonds program 

·         CRISIL A1+ for certificate of deposit program / short term FD programme

·         IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research 

·         IND AA for Additional Tier 1 Bonds program by India Ratings and Research 

International Rating: 

·         Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service 

Visit us at?https://www.indusind.com/

Ramky Infrastructure Limited Bags Contracts Worth INR 131.19 Crores In The Union Territory of Ladakh

Ramky Infrastructure Limited a leading organization in the realm of infrastructure development has received two orders to implement the distribution of the infrastructural works of Ladakh Power Development Department from Power Grid Energy Services Limited. The first contract worth ?107.39 Cr (Excluding GST) and the second contract worth ?23.80 Cr (Excluding GST) for the supply of plant and installation services respectively, in the districts of Leh & Kargil of UT of Ladakh.

PowerGrid Energy Services Limited, a wholly-owned subsidiary of PowerGrid Corporation of India Limited has awarded the contracts to Ramky Infrastructure Limited to be executed over a period of 30 months. The contracts were awarded for the loss reduction work under the Revamped (results-linked) Distribution Sector Scheme (RDSS) in the Leh district.

The RDSS scheme is intended to minimize the Aggregate Technical & Commercial (AT&C) losses in Ladakh, which are projected to be reduced from 49.04% in 2021-22 to 27.85% by 2024-25. With a sanctioned cost of Rs. 687.05 Crores, the RDSS includes the Grid connectivity of the Changthang Region, Downline infrastructure in the Zanskar Region along with the Loss Reduction works in the Leh and Kargil Districts of UT of Ladakh.

The scope of the project broadly involves the construction and commissioning of seven 66KV electricity substations, 70 km of new electricity distribution lines, 550 km of reconditioning by AB cable, and the installation of approximately 400 distribution transformers.

On receiving the contracts in the northernmost union territory of India, Mr. Y. R. Nagaraja,  Managing Director of Ramky Infrastructure Limited said “We are pleased to be awarded to execute the contracts for the loss reduction works in the Leh district of the Ladakh union territory as it reflects our commitment and adherence to quality standards. This project enhances our capability to develop urban infrastructure projects in challenging and complex terrains. We look forward to executing the contract by late 2027 or early 2028.

The government aims to improve operational efficiency and financial sustainability through these projects. They will offer result-based financial aid to DISCOMs for strengthening supply infrastructure, contingent on meeting pre-qualifying criteria and achieving fundamental benchmarks.

About Ramky Infrastructure

Ramky Infrastructure Limited (Ramky) is a flagship company of Ramky Group, one of the leaders in the realm of infrastructure development. Since the incorporation of its business in 1994, the Company has completed a wide range of construction and infrastructure projects focusing on Industrial Infrastructure development and EPC projects in the fields of Water, Waste Water Treatment, Roads, Bridges, and Urban Infrastructure Development. With a highly skilled team of over 2000 people, Headquartered in Hyderabad, Telangana, it manages its business operations in India & overseas markets.

Ramky Infrastructure Limited is an infrastructure development-centric, environment-concerned, and development-oriented company. Ramky is ISO 9001:2015 (QMS), ISO 14001:2015(EMS), and ISO 45001:2017 (OHS) certified for Quality Management Systems, Environment Management Systems, and Occupational Health & Safety Management Systems which the Company applies to the design, development, engineering, procurement and construction of projects.

For more details visit https://ramkyinfrastructure.com/

Manipal Academy of Higher Education And Sage Sign Open Access Agreement In India

Manipal Academy of Higher Education, Manipal, India Institution of Eminence and Deemed to be University, a leading Multidisciplinary University and Sage, a global academic publisher of books, journals, and library resources with a growing range of technologies, signed a Read and Publishing agreement.

The agreement with Sage will allow the faculty and researchers of MAHE to access over 1000 journal titles and researchers can publish their content as open access.

Commenting on the partnership, Lt. Gen. (Dr.) MD Venkatesh, Vice-Chancellor, MAHE said, “The signing of an open access agreement between MAHE, Manipal and Sage marks a significant step towards enhancing the accessibility and visibility of research publications. This agreement aligns with the global movement towards open science, which aims to make scientific research freely available to all, thereby fostering greater dissemination, collaboration, and innovation.”

Sugata Ghosh, Vice President: Publishing Business, Sage said "We are delighted to partner with MAHE in our first Read and Publish Agreement with an Indian institution. This collaboration underscores our commitment to supporting academic research and promoting open access in India.”

About Manipal Academy of Higher Education (MAHE): Founded in 1953, Manipal Academy of Higher Education (MAHE) is a globally engaged institution with active partnerships with more than 250 leading universities around the globe. MAHE is synonymous with excellence in higher education and therefore conferred the status of Institute of Eminence (IOE) by Govt. of India. Research has always been an area of paramount importance at MAHE. The experts at MAHE are taking meticulous and meaningful steps to build reservoirs of intellectual wealth and academic excellence. In the process, MAHE has created some of the country’s best institutes and schools across several diverse streams like medicine, dentistry, nursing, engineering, pharmacy, hotel management, allied health, architecture and design, communication etc. Visit us at www.manipal.edu . Follow us on Facebook, Twitter and Linkedln.

About Sage: Sage is a global academic publisher of books, journals, and library resources with a growing range of technologies to enable discovery, access, and engagement. Believing that research and education are critical in shaping society, 24-year-old Sara Miller McCune founded Sage in 1965. Today, we are controlled by a group of trustees charged with maintaining our independence and mission indefinitely.

Our guaranteed independence means we’re free to:

Do more – supporting an equitable academic future, furthering disciplines that drive social change, and helping social and behavioral science make an impact

Work together – building lasting relationships, championing diverse perspectives, and co-creating resources to transform teaching and learning

Think long-term – experimenting, taking risks, and investing in new idea

Cooper Corporation And Sinfonia Technology Collaborate To Introduce “CPCBIV+ Certified LPG Gensets” In India And Beyond

Cooper Corporation, a leading engine, engine component and generator manufacturer, based in Satara, Maharashtra proudly announced its pioneering collaboration with Sinfonia Technology, a leading innovator in clean transport devices, power control and aerospace technologies, to introduce revolutionary LPG gensets to India, Japan and other ASEAN countries.

This landmark collaboration marks a significant milestone in the pursuit of sustainable energy solutions, as Cooper Corporation unveils the first-of-its-kind in India 10 KVA LPG CPCBIV+ certified genset, developed in partnership with Sinfonia Technology. Engineered to meet the stringent emission standards set forth by the CPCBIV+ legislation in India, this genset represents a quantum leap towards achieving zero carbon footprint and ushering in a new era of clean power generation. The CPCBIV+ LPG Gensets will be unveiled at Gas India Expo 2024 to be held on 4th – 6th July at Expo Center Greater Noida, U.P, India.

The COOPER SINFONIA genset, model name CSG-0010L-IN and its brand name ‘DAIMON’ in India, which happens to be name of the town Sinfonia is based in. The same product in Japan will be branded as ‘SATARA’, the name of the town Cooper Corporation has been based for the past 100 years. The genset offers unparalleled benefits to customers, delivering exceptional performance, economy and reliability. With its compact footprint, low operational costs and ease of maintenance, it emerges as a superior and economical alternative to traditional diesel gensets and grid power. Unlike other power sources, LPG stands out as a clean and sustainable fuel, ensuring minimal environmental impact and maximum efficiency.

Sinfonia is a multinational Japanese company, with turnover of over ¥ 94.5 billion for year ending 2021. Founded in 1917, the 100-year-old company has expanded into various business verticals are Automotive Testing Systems and Components, Aerospace, Industrial Vehicles, Industrial Robotics, Controllers, Printer Systems, Clutch & Brakes, Regenerating Medicines and Agriculture.

Similarly, Cooper Corporation, also a the 100-year-old company specializing in Component Manufacture, Engines both Diesel and Gas. They have over 13 factories, all placed in Satara, with more than 400 people to complete 40 years of service. Exports for Cooper Corporation account for 50% of its business revenue, with exports worth more than INR 10,000 Crores till date.

Mr. Farrokh N. Cooper, Chairman and Managing Director, Cooper Corporation Pvt. Ltd said, “At Cooper Corporation, we are committed to driving innovation and sustainability in the power generation sector. Our partnership with Sinfonia Technology exemplifies our shared vision of delivering cutting-edge solutions that not only meet but exceed the expectations of our customers. With the heart of a true Parsee entrepreneur, we believe in excelling in whatever we do.”

Echoing Mr. Cooper's sentiments, Mr. Masaki Tatsuda, Manager of Social Infrastructure Sales Sec., Sinfonia Technology Co., Ltd, remarked, "We are thrilled to collaborate with Cooper Corporation in introducing advanced LPG gensets that redefine industry standards. Through our combined expertise and dedication to technological excellence, we aim to empower customers with reliable, eco-friendly power solutions that pave the way for a greener future."

The collaboration between Cooper Corporation and Sinfonia Technology underscores their unwavering commitment to innovation, sustainability, and customer satisfaction. They are also in the process of jointly developing a series of Hydrogen engines for both on-road and off-road use. Hydrogen as a fuel has already been introduced in countries like Japan and USA, with a possibility that India will soon use hydrogen as a fuel. As pioneers in their respective fields and each with a century old legacy, both companies are poised to revolutionize the power generation landscape and set new benchmarks for environmental stewardship.

In Bengaluru Honda Motorcycle And Scooter India Conducts Successful Road Safety Awareness Campaign

* A campaign that left an indelible mark on over 1900 students and staff members!!

Honda Motorcycle and Scooter India reinforces its commitment to road safety with another impactful awareness campaign in Bengaluru, Karnataka. Hosted on the grounds of St Sophia Convent High School and National Public School, the campaign marked a significant milestone for HMSI, engaging over 1900 students and staff members.

The road safety campaign featured interactive activities such as safety riding theory session, danger prediction training, road safety quiz, helmet awareness, and Riding Trainer session that kept the participants engaged throughout the campaign.

HMSI prioritizes the safety of every individual, and in line with this dedication, the company has been conducting road safety awareness campaigns across various regions of the country. These initiatives aim to provide crucial information and guidance on safe driving practices. Bengaluru is the latest city to benefit from this initiative, as HMSI strives to equip the community with the knowledge and skills necessary for safe navigation on the roads.

HMSI extends its gratitude to the authorities of St Sophia Convent High School and National Public School, for their support in organizing this important initiative. Together, we can make a significant difference in creating safer roads and reducing accidents.

Since its inception, HMSI has educated nearly 4 lac adults and children in Karnataka, promoting responsible road usage, and cultivating safe riding habits. Additionally, HMSI has reached more than 60 lac individuals across the country with its road safety education initiatives.

Honda Motorcycle & Scooter India’s CSR commitment towards Road Safety:

In 2021, Honda globally made a vision statement for the year 2050 where it will strive for zero traffic collision fatalities involving Honda motorcycles and automobiles. In India HMSI is working in line with this vision and the Government of India direction of reducing fatalities to half by 2030.

One critical aspect of achieving this goal is inculcating a positive mindset towards road safety in our children by the year 2030 and continuing to educate them thereafter. Road safety education at schools and colleges is not only to create awareness but also to inculcate a safety culture in young minds and turn them to be the safety ambassador. It empowers future generations to become responsible and significantly contribute to a safer society.

HMSI wants to be a company that Society wants to exist and is strongly focusing on Road safety awareness to all sections of society with unique ideas catering to each segment from school kids to corporates and society.

HMSI’s set of skilled safety instructors conducts daily programs at our 10 adopted traffic training parks (TTP) across India and 6 Safety Driving Education Centers (SDEC) to make road safety education accessible to every part of society, and the initiative has impacted over 5.7 million Indian citizens. HMSI’s National Road Safety Awareness program made learning fun yet scientific through:

SCIENTIFICALLY DEVISED LEARNING MODULE: Honda’s skilled instructors set the foundation with theory sessions on road signs & markings, driver’s duties on road, riding gear & posture explanation and safe riding etiquettes.

1.    PRACTICAL LEARNING: A special training activity on Honda’s virtual riding simulator was executed for all to experience over 100 possible dangers on road before actual riding.

2.    INTERACTIVE SESSION: Participants were given danger prediction training known as Kiken Yosoku Training (KYT) which helps in enhancing rider/driver’s sensitivity to danger and ensures safe driving behaviour on roads.

3.    EXISTING DRIVERS HONING RIDING SKILLS: Students & school staff members who are already existing riders tested & honed their riding skills through slow riding activities and riding on narrow planks.