Toyota Kirloskar Motor [TKM] has announced its fifth institutional tie-up in the state of Tamil Nadu with the launch of its unique training model Toyota Technical Education Program (T-TEP) Service Advisor category, at the Sriram Polytechnic College in Chennai. Aimed at generating talented and technically skilled professionals for the automobile industry in Chennai, the first TTEP program in the state was established under General Technical category in 2006 in collaboration with M.C. Jain Industrial Training Center.
This distinctive initiative by Toyota represents the incessant efforts taken by the company to bridge the skill gap that exists by developing trained personnel to meet the ever-increasing demand of the emerging industry for skilled resources. This association provided a platform to Sriram Polytechnic College to train and equip their students with the best knowledge to thrive and succeed in the industry as professionals towards achieving employability status.
The event which was held at Sriram Polytechnic College in Chennai, graced by Dr. R. Narayanasamy - Chairman and M. D. Rajkumar – Secretary & Trustee of Sriram Educational Trust, in the presence of the representative from Toyota Kirloskar Motor, Vedaparakash S. Tiwari - General Manager.
T-TEP, a special training module was launched in the year 2006, where Toyota associated with 50 industrial training institutes [over the years] across the country. The program is aimed at educating and providing technical training with hands-on real time experience to ITI students across India in Toyota dealer outlets. In its first year, the program was implemented in Delhi, Mumbai, Chennai and Hubli. The program was subsequently introduced nation-wide covering Bengaluru, Mysuru, Lalru, Pune, Cochin, Ahmedabad, Hyderabad, Ghaziabad, Kolkata, Jaipur, Jalandhar, Indore, Vizag, Ludhiana, Cuttack, Haldwani, Nalbari, Gurgaon, Satara, Paramakudi , Chalakudy, Mangaluru, Calicut & Nashik.
Till date, around 7,000 students have successfully completed this program, out of which more than 63% are employed at various dealerships of Toyota, across India. This is the fifth T-TEP in Tamil Nadu, following one institute in Mohanmull Chordia Jain Industrial Training Center Chennai, two in Government Industrial Training Institute, Paramakudi and one in Don Bosco Technical Campus Chennai. Till date, more than 250 students have been trained by Toyota through this program in Tamil Nadu, out of which 83% have been recruited by Toyota dealers.
The main purpose of this program is to enhance and augment the technical abilities and employability of Industrial Training Institute (ITI) students in the age group of 16 to 18 years. The program supports in developing skilful technicians for the Indian automotive repair industry. The current scenario of the automobile repair industry is characterised by low skilled manpower and lack of professional training for repair and diagnostics of vehicles to meet the evolving needs of the market requirements.
Commenting on the new partnership V. Dattatreya- Principal - Sriram Polytechnic College said, “It is a privilege to collaborate with Toyota through this unique skill program that will provide our students with the knowledge and technical know-how to succeed in the Indian automotive industry. The most significant mission of our institution is to train our students to become skilful technicians and make them Industry-ready to meet the ever-increasing demand for skilled work force in the industry. Toyota Technical Education Program is an interactive curriculum and we are confident that this platform will provide the desired opportunity for the aspiring students to enhance their analytical skills and give them a diverse viewpoint to the extensive automotive technology program that we already offer at our institute.”
Commenting on the occasion N Raja, Deputy Managing Director - Toyota Kirloskar Motor said, “We are happy to announce the launch of our training model T-TEP (SA) in association with Sriram Polytechnic College in Chennai. There is a growing need to enhance the quality and build relevance into the current skill development programs. As per the figures released by the National Sample Survey, out of the 470 million people who are in the working age group, only close to 10% receive any kind of training or access to skilled employment opportunities.
T-TEP was initiated in the year 2006 to cater to the skill gap prevailing with inadequate availability of trained and skilled manpower in the industry. Through this initiative, we aim to develop students with the necessary theoretical and practical knowledge required to confidently function in a seamless manner and effectively contribute to succeed in their designated tasks. Further, all our holistic skill development initiatives are aimed at contributing to Government of India’s ‘Skill India’ mission by bridging the gap between India’s rapidly growing industrial sector and availability of highly skilled workforce,” he added.
The SA T-TEP, a 1 year syllabus, introduces students to Toyota’s advanced technologies and service techniques. It also includes, on-the-job training at Toyota’s dealerships. As a part of this program, TKM will also train institute instructors on the technological advancements & best practices of Toyota and the Automobile Industry. TKM plans to further expand this program to technical institutes across the country in the coming years and reach out to many more students to up-scale their skill sets. The project is jointly funded by Toyota Motor Corporation [japan and Toyota Kirloskar Motor. Together they provide T-TEP institutes with hi-tech training packages and Toyota service training manuals and materials.
T-TEP is widely recognized across the globe for its effectiveness. The program has been successfully introduced in 508 institutes across 55 countries by Toyota, which includes USA, Australia, Italy, South Africa, China, Vietnam and India.
Honeywell has announced that the Indian Oil Corporation Ltd. (IOCL) has chosen Honeywell UOP’s Pressure Swing Adsorption (PSA) technology to supply high-quality hydrogen at five of its refineries. Hydrogen is essential to the refining process, where it is used to decontaminate oil and facilitate catalytic processes that produce clean-burning fuels, including those that meet the Indian government’s strict Bharat Stage VI (BS-VI) environmental standards.
Under the terms of the agreement, Honeywell UOP will provide new PSA units to IOCL refineries at Gujarat, Panipat, and Mathura, and will upgrade existing hydrogen plants with UOP’s Polybed™ PSA technology at refineries in Haldia, Guwahati and Gujarat. Together, the six projects will generate 166,000 tons per year of new hydrogen capacity, representing an almost 30 percent increase for IOCL.
“Honeywell UOP’s hydrogen technology is part of IOCL’s efforts to produce BS-VI fuels before the end of 2019,” said Mike Banach, regional general manager for Honeywell UOP India. “This is a project of national importance to help India reduce pollution and improve its quality of life.”
IOCL chose Honeywell UOP technology due to its performance, superior economics and ability to meet an aggressive delivery schedule driven by India’s BS-VI emissions standards. UOP PSA technology features new UOP adsorbents that recover high levels of hydrogen. The project includes a substantial amount of Indian-made components and domestic fabrication, in line with the government’s “Make in India” program.
When the project is completed, the additional hydrogen produced each year will have a value to IOCL of about US$400 million.
“Hydrogen is as essential to refining as oil, and it’s generated on-purpose and as a byproduct of refining processes,” Banach said. “The PSA technology recovers and purifies this hydrogen so it can be used elsewhere in the refinery to remove impurities and to perform catalytic processes that transform crude oil into clean fuels and other products.”
Indian Oil Corporation Ltd., together with its subsidiaries, has interests across the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas, and petrochemicals. The company was founded in 1959 and is based in New Delhi, India.
The public sector lender Canara Bank on Wednesday surprised the market by posting 11.87% increase in net profit at Rs 281.49 crore for the first quarter ended June 2018 aided by higher interest income.
Incidentally, the bank had reported a record net loss of Rs 4,860 crore in the fourth quarter of the last fiscal ended March 2018.
The bank had posted net profit of Rs 251.60 crore in the corresponding quarter of the last year. Its net interest income surged 43.13% during Q1FY19 to Rs 3,883 crore compared with Rs 2,713 crore in the corresponding quarter.
Canara Bank’s non-interest income comprising of insufficient funds fees, annual fees, monthly account service charges, inactivity fees, check and deposit slip fees, among others, during the first quarter stood at Rs 1,833 crore compared with Rs 2,109 crore in Q1FY18.
“The bank has taken various steps and changes in the last 3-4 years in business portfolio and organisational restructuring, resulting in good results,” Rakesh Sharma, MD and CEO of Canara Bank said. He informed that cash recovery is Rs 3,537 crore, resulting in both gross and net NPAs improving sequentially to 11.05% and 6.91%, respectively.
The bank’s provision coverage ratio stood at 60.69% from 54.52% last year. “Slippages are slightly higher in this quarter and we are hopeful that it will be upgraded in second and third quarters,” Sharma said.
The bank’s NII growth is primarily due to the 15.12% Y-o-Y growth in domestic credit backed by a whopping 36.22% growth in retail credit which in turn has contributed to the 14.87% Y-o-Y increase in interest income from advances, the bank said. The bank’s total business registered 10.96% growth to reach Rs 9.2 lakh crore, its domestic business grew by a higher 13.06% Y-o-Y to reach Rs 8.63 lakh crore.
Knight Frank India today launched the ninth edition of its flagship half-yearly report - India Real Estate. The report presents a comprehensive analysis of the residential (across eight cities) and office (across seven cities) market performance for the period January – June 2018 (H1 2018).
Office Takeaways
* Highest H1 transaction volume in 6 years; robust growth at 13% YoY. Increased space take-up by the 'Other Services' sector aids transaction volumes.
* Pune experiences maximum growth in transactions at 118%; Bengaluru continues to clock the highest transaction numbers.
* New completions remain subdued, down 10% YoY.
* Mumbai sees maximum space come online while NCR sees the most YoY growth in office supply.
* New completions continue to be inadequate in the face of robust transactions, keeping vacancy levels low; Bengaluru leads southern region with lowest vacancy.
* Most Indian cities experience strong positive rental growth. Bengaluru sees highest growth at 17% YoY; greater share of relatively lower priced business districts leads to reduced rentals for Mumbai.
* Co-working service providers account for 13% of total transacted space – an emerging trend; IT/ITeS share declines.
Residential takeaways:
* Significant jump in launches by 46% YoY.
* Launches concentrated at lower ticket sizes; 51% of total supply concentrated in the under INR 5 mn ticket size.
* Increased focus on lowering ticket sizes; Mumbai and Bengaluru, the largest markets, account for 56% of total supply during H1 2018. These markets experienced a significant rise in the share of units launched in under INR 10 mn and INR 5 mn respectively over H1 2016.
* Mumbai sees maximum growth in launches at 128% YoY while NCR and Pune see more than 75% growth. Reprieve on dumping ground issue fuels Mumbai's growth.
* Price drop intensifies in Mumbai, Pune and Kolkata at 9%, 8% and 8% respectively. 'Effective' price drop of 10-15%continues in cities like Mumbai, NCR, Pune and Kolkata. Hyderabad bucks the trend with an exceptional price growth at 8% YoY.
* Sales stagnate despite increased launches, reduced prices, government reforms and incentives. Bengaluru's stellar growth prevents pan India decline in sales; Kolkata witnesses sharpest drop amongst all markets.
* Quarters-to-sell (QTS) stagnant at around 3 years since 2015 due to drastic drop in launches. Project Life Cycle (PLC) continues to increase and is well above 6 years currently. NCR witnesses steepest increase in PLC.
Speaking on the occasion, Shishir Baijal, Chairman & Managing Director, Knight Frank India said, "The turbulent times that we have experienced starting from November 8, 2016 to the changes that have happened in 2017 have really shaped the way the residential market is moving ahead. This coupled with cities like Mumbai, where the ban on construction took place and Delhi, where the NGT (National Green Tribunal) ruling happened, has really stalled the entire industry. However, a lot of time has elapsed since then. Both RERA and GST have been set in motion and accepted by the industry which industry has recalibrated itself to a new level in terms of workplaces and policies. The office sector, on the other hand, has been doing very well with the vacancy levels at single digits in many cases and rentals steadily moving upwards.
However, with the forthcoming general elections, high inflation and interest rates slowly inching up, a lot uncertainty still exists in the market. It could perhaps still be a rocky way ahead for the real estate industry and we all continue to look ahead for the impetus that is required for the industry to revive."
Knight Frank India launched the ninth edition of its flagship half yearly report – India Real Estate. It presents a comprehensive analysis of the residential and office market performance of Bengaluru for the period January – June 2018 (H1 2018).
Office Takeaways:
• With total transaction volume of 0.61 mnsq m (6.5 mnsq ft) at a rate of 13% YoY growth, Bengaluru retains top slot with highest half-yearly transaction volume since 2012
• Strong occupier demand, healthy pre-commitments and emerging sector’s expansion trigger growth in transactions
• City level rentals grow at 17%; low vacancy pushing rentals up. Acute shortage of quality spaces
in CBD & Off CBD and ORR led to a 17% and 15% YoY rental growth respectively
• Pre-commitments and expansion of emerging sectors push vacancy below 5%; ORR and CBD & Off-CBD reeling under single digit vacancy pressure
• Co-working garners 19% of total H1 2018 transactions; share of IT/ITeS sector continues to weaken
Residential Takeaways:
• Bengaluru’s residential market witnessed a remarkable comeback with 11% annual upswing in launches from 14,026 units in H1 2017 to 15,556 units in H1 2018. RERA compliance and good end-user traction encouraging developersto foray afresh in market
• 60% of Bengaluru’s total launches are in the INR 25-50 lakhs bracket
• Prices remain largely stagnant with2% annual drop from INR 52,000 per sq. m. (INR 4,831 per sq. ft.) in H1 2017 to INR 50,881 per sq. m. (INR 4,727 per sq. ft.) in H1 2018.Developers in no hurry to mark down prices as RERA registered projects and PMAY eligibility revive sales
• Sales rebound with22% YoY uptrend to 25,802 units in 2018 from 21,210 units in H1 2017. Marketing campaigns highlighting RERA compliancy, PMAY eligibility and Occupancy Certificate (OC) help developers regain buyers’ trust
• Of the total sales volume in H1 2018, South Bengaluru accounted for 48% of the whole pie, followed by North Bengaluru at20%
• Project lifecycle of less than 6 years as residential sales recovery underway; Quarters-to-sell (QTS) highest at 10.7 since 2015
Speaking about the findings, Shantanu Mazumder, Senior Branch Director – Bengaluru said,“Bengaluru’s real estate market has posted a robust half yearly performance in H1 2018 on both residential and office front.The city retains its top position as the best performing occupier market across the eight cities. In H1 2018, the transactions touched a new milestone of 0.61 mnsq m – the highest volume recorded in any half yearly period since 2012. Healthy occupier demand coupled with a strong pre-commitment pipeline and expansion of new sectors such as co-working were instrumental in achieving this high. Going forward, we expect BFSI, IT/ITeS as well as steady uptrend in co-working to dominate the office space demand. The real challenge would be to keep the delivery timeline of new completions and ensure adequate supply as vacancy continues at sub 5% levels.
The residential sector got as new lease of life with RERA compliance streamlining at developers’ end helping them to focus on marketing strategies in a changed operating environment. Growth in both residential sales and launches outshines the subdued sentiment prevalent in other markets. The aggressive marketing of PMAY, OC received and RERA approved projects is creating the right buzz and we are hopeful the trend will continue and bring more and more fence sitters back to the table.”
Datacenter Dynamics (DCD) delivers a world leading series of events devoted to data center scale IT infrastructure that supports transformation in Cloud, IoT, Smart Cities and across the Zettabyte economy. The event was held from July, 18-19, 2018 at the Sheraton Grand in Bangalore.
DCD is active in more geographic markets including Indian than any other specialist technology media company, providing knowledge and working opportunities to many industry vertical that require mission critical IT solutions at scale.
The DCD Awards are presented on the occasion and the event also included sharing stories of innovation and cutting edge design and operation which are the hallmarks of our vitally important industry.
Tom Winter, Managing Director APAC at DatacenterDynamics says, "We are proud to continue showcasing the stories which epitomise the pioneering spirit & innovative thinking behind the projects, people and teams making the industry great. We are delighted also to announce the first 'Best in India' awards, part of the DCD Global Awards. The ceremony awards those entries made by Indian companies into the DCD Awards program across six categories, so there is an opportunity for everyone."
DCD Best In India Awards: DCD launched its premier edition of DCD > Best in India Awards which was celebrated on 18th July in concurrence with DCD > Webscale Conference in Bangalore on July 18 and 19, 2018. The ceremony awarded those entries made by Indian companies and recognized those teams, individuals and projects that best demonstrated innovation and leadership in the data center field in this nation. The Best in India Awards this year would not have been possible without the support of our Headline Partner– STT GDC India.
The entries were judged across the below 6 categories:
WINNERS
Design Team of the Year
Larsen & Toubro Constructions
Energy Efficiency Improver’s Award
Netmagic (An NTT Commmunications Company)
Cloud Migration of the Year
Uttar Pradesh Power Corporation Limited
The Smart Data Center
ICICI Bank
Living at the Edge Award
GPX India Private Limited
Data Center Operations Team of the Year
STT GDC India
According to recent industry reports, 156 mn. of Indians who comprise the ‘urban mass’ and urban middle’ section representing an annual income of USD 3000 and above have the potential of mass adoption of consumer credit. Of this the ‘urban mass’ constituting approximately 129 mn. have been mostly deprived of credit due to lack of credit history.
Addressing this major concern, CASHe, India’s leading digital lending company, promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar, today announced the launch of India’s first alternate credit rating system – ‘The Social Loan Quotient’ (SLQ).
India’s first social behaviour-based credit-rating system, SLQ is a fast, unique and a path-breaking real time platform which leverages big data analytics, artificial intelligence and predictive tools. The innovative platform will help score millions of Indians, who otherwise have been left in the lurch for lack of consumer credit in the absence of credit history.
Considering the young urban mass prefer to avail small ticket loans for short term, the existing traditional lending platforms such as banks and NBFCs’ find it unviable to serve the segment. In addition, the lack of credit history further dampens the situation. Here SLQ will play a pivotal role in helping this large untapped population to avail credit on the basis of the score generated by the system. Soon, the platform will also be set open to other institutions (banks, NBFCs’ and credit bureaus) to integrate and avail the system thereby helping them reach out to the masses.
Unlike conventional lending agencies who rely only on an applicant’s past financial transactions, CASHe’s revolutionary approach links multiple online and offline data points like his mobile, social and media footprint, education, remuneration, career and financial history to calculate the borrower’s credit score.
Speaking on the launch of this new credit scoring innovation, the CEO of CASHe, Ketan Patel said, “Credit is critical for the growth of an economy. It incorporates the element of aspiration and infuses growth to keep the economy up and running. However, the lack of alternative credit models, challenging capital eco-system and an unviable cost structure have kept mass India deprived of quick and reliable credit. Through SLQ, we are focused on those who may have little or no credit history with traditional lending institutions. We hope this will revolutionise the digital lending space in the country and encourage other credit institutes and agencies to avail ‘SLQ’ as the go-to platform to assess credit worthiness of mass India”
There are millions across the country who have never obtained a bank loan, however, they are internet users who shop on line, have a good social media presence, have a stable residential status and also have been using their mobile phones actively. SLQ will now use these factors or data points into consideration when assessing a customer’s creditworthiness. The platform will analyze unstructured data from various sources – social media profiles, mobile data, KYC documents – to provide the users with a system that will instantaneously and continuously update a borrower’s credit worthiness and insure sound underwriting.
The scores are generated in REAL TIME and will enable the customer to know, within a few seconds, if he qualifies for a loan with CASHe or not. Subsequently, on completion of the loan application process, every customer’s personal SLQ score will now be displayed to him. This will provide the user with a reliable tool for accessing his/her creditworthiness.
Srinivas Nidumolu, Chief Technology Officer, CASHe adds, "This is a service that is sorely needed by many Indians. SLQ is developed using proprietary deep learning and artificial intelligence technologies that will analyze a wealth of data to find recurring patterns of credit behavior that will indicate an individual’s willingness and ability to pay his financial obligations. CASHe, over the past two years have built a very large data set of customer information based on their digital footprint and mobile data to spur the financial inclusion of many deserving credit worthy Indians who do not have access to financial services. This allows us to build credit scores even for individuals with little or no formal credit information but who may actually be good candidates to obtain credit.”
With more than 2 million downloads, 180,000 customers, 480 cr. loan disbursals, 30,000 loans processed in a month, over 1000 loan applications in a day and 75% repeat customers CASHe has amassed a huge wealth of data encompassing rich customer information which can be potentially analyzed for credit behaviour.
