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Tech Mahindra and AVEVA Form Global Centre of Excellence

Pune- Tech Mahindra, a major player in digital transformation services, has teamed up with AVEVA, a leader in industrial software solutions, to launch a global Centre of Excellence (CoE). This collaboration aims to accelerate digital adoption across various industries.

What’s the Plan?

The Global Centre of Excellence (CoE), based in Tech Mahindra’s Pune campus, will focus on creating digital transformation solutions tailored to specific industry needs. By combining Tech Mahindra’s expertise in process manufacturing and Industry 4.0 with AVEVA’s industry knowledge and software applications, the CoE will offer solutions spanning digital production, supply chains, asset performance, and more.

Also read | India’s homegrown Microprocessors (Shakti & Vega) give the competition a run for their money

Why It Matters

Industries such as Oil & Gas, Energy, and Manufacturing often face challenges in adopting digital solutions due to legacy infrastructure. This partnership intends to address these challenges by developing next-gen solutions to enhance efficiency and quality.

Insights from the Leaders

Emon Zaman, AVEVA Senior Vice President, Asia Pacific, expressed commitment to long-term partnership and innovation. He highlighted the significance of connected ecosystems in driving industrial intelligence and sustainable growth.

Narasimham RV, President, Engineering Services, Tech Mahindra, emphasized the need for accelerating digital strategies. He believes this partnership will empower enterprises with innovative solutions to overcome legacy challenges.

Also read | Payana Vintage Car Museum Unveiled Near Mysuru

Leveraging Advanced Technologies

The CoE will leverage technologies like the industrial internet of things (IIoT), digital twin technology, and cloud infrastructure. These technologies will enable efficient plant engineering and smart factory processes.

About AVEVA and Tech Mahindra

AVEVA is a global leader in industrial software, known for enabling businesses to optimize operations and drive sustainability. Tech Mahindra, on the other hand, is a pioneer in digital experiences and transformation, helping global customers navigate the digital landscape.

Looking Ahead

This partnership signifies a shared commitment to drive innovation and growth through industrial intelligence. By harnessing the power of digital technologies, the CoE aims to usher in a new era of efficiency and sustainability across industries.

For more information, visit AVEVA and Tech Mahindra.

Also read | India’s first indigenously-made 1500 HP engine for Main Battle Tanks test fired at BEML in Mysuru

India’s homegrown Microprocessors (Shakti & Vega) give the competition a run for their money

India’s Shakti and Vega microprocessors, born out of the collaborative efforts of the Indian Institute of Technology (IIT) Madras and the Centre for Development of Advanced Computing (C-DAC), are asserting themselves as formidable contenders on the global stage, matching strides with their international counterparts in terms of performance. 

V. Kamakoti, Director of IIT Madras, articulates this parity, by stating, “Regarding the benchmarking, we’re operating at what you could call ‘current generation minus one’ compared to the latest contemporary microprocessors. This means we’ve achieved what other advanced processors did two to three years ago.”

Microprocessor development is a giant technological leap

Thanks to the government’s supportive policies, India’s technological sector has made significant progress by introducing advanced processors. Kamakoti, an expert in the field, explains that the performance benchmarks for these processors depend on various factors such as the specific silicon and Process Development Kit (PDK) used. He claims that the new processors are comparable to, and in some cases even better than, contemporary microprocessors as per widely-used benchmarks like CoreMark, which is used for embedded systems. Kamakoti is highly confident in their competitiveness.

Hardware startups are using Indian processors big-time

The Shakti architecture’s adaptability and versatility have come to the fore, with several Indian startups using it for diverse applications, including security and System-on-Chip (SoC) development. Notable among these are Mindgrove Technologies and InCore Semiconductors. Kamakoti emphasizes its ongoing efforts to integrate the processor seamlessly into existing IoT and other solutions.

“There was a time when our efforts were met with skepticism, but perceptions have shifted significantly. We have progressed from being underestimated to engaging in discussions with various entities. This change underscores the importance of tangible results, which is why we emphasize internal development and execution. This approach builds trust and showcases our ability to innovate without external intervention.”

A journey from nothing to something achieved through sheer hard work, passion, and perseverance

The journey from skepticism to recognition has been crucial for one of the startups associated with IIT Madras. They are about to launch a microprocessor chip, and once its booting process and other functionalities are demonstrated, it will serve as a persuasive commercial proof of concept. This is expected to generate more interest and traction.

“Many of us are navigating the tapeout process for the first time, without extensive guidance,” Kamakoti reflects. “Yet, reaching this stage of development is a testament to the potential within our projects. This journey from initial doubt to recognition has been crucial. We believe our message of innovation and resilience is now clearly understood, as evidenced by the increasing interest and engagement from the community.”

Evolution of the Shakti and Vega Microprocessors project

The Shakti project aimed to explore and confirm the existence of an independent processor development ecosystem in India. The project aimed to showcase the country’s ability to build a complete microprocessor ecosystem, starting with the Instruction Set Architecture (ISA) and extending to complex design, backend processing, manufacturing, packaging, and support for board and processor booting processes.

“From 2013 to 2017, we embarked on numerous unfunded projects, predominantly led by students,” remarked Kamakoti. “During this period, we were committed to the RISC-V architecture development, foreseeing its potential for substantial success—a foresight that has since been vindicated. By late 2017, around October or November, we secured our initial funding of close to one million dollars, earmarked for the design and development of three chips.”

Three types of processors were developed to prove the tech mantle

Before presenting the groundbreaking technology as a viable option to startups, it was necessary to prove its credibility in solving real-world problems. For that, three processors were designed and developed.  They were segmented into C and E classes, these processors underwent successful manufacturing and rigorous testing. When operated seamlessly with Linux and other software applications, the processors exhibited exceptional performance across all benchmarks.

The Swadeshi Microprocessor challenge

Buoyed by this triumph, in partnership with the Ministry of Electronics and Information Technology (MeitY), the Swadeshi Microprocessor Challenge was inaugurated. This innovative challenge invited students from all educational tiers and startups to engage with indigenous Processor IPs, urging participants to harness these domestically cultivated technologies to devise cost-effective solutions catering to societal needs. The initiative garnered participation from over 10,000 individuals, forming approximately 500 teams, eventually culminating in a select final shortlist. The challenge catalyzed many publications spanning diverse sectors such as health, agriculture, drones, and beyond, by spotlighting these homegrown processors’ versatility and wide-ranging applications.

“These endeavors were undertaken with the overarching aim of nurturing a resilient ecosystem within the nation, with a specific focus on startups, and nurturing products with global appeal across various sectors,” Kamakoti emphasized. “For instance, startups could venture into manufacturing automotive chips utilized by major corporations, thus fostering a dynamic and expansive industrial landscape. This strategic approach was meticulously crafted to foster a flourishing ecosystem conducive to innovation and sustainable growth.”

Conclusion

India’s efforts to build a robust processor chip design ecosystem got a major boost with the launch of the Shakti and Vega microprocessors. As the ecosystem matures, it will help bolster the local electronic design and manufacturing industry. The startups that created these chips can collaborate with global marketing agencies to promote and market them worldwide. They got to aggressively compete with established microprocessor makers such as Intel, Qualcomm, etc. Once successful, India will be recognized as the birthplace of highly successful microprocessors.

Also Read | Indian Oil and Panasonic Energy Sign Term Sheet for Lithium-Ion Cell JV

Mahindra XUV 3XO: The Latest SUV Set to Raise the Bar

World Premiere on April 29

Mahindra, India’s leading SUV manufacturer, is gearing up for the grand unveiling of its newest SUV, the XUV 3XO. Scheduled for its global premiere on April 29, this SUV promises to redefine innovation and excellence in the automotive industry.

Everything You Want & More

The XUV 3XO is not just another SUV; it’s a blend of thrilling performance, cutting-edge technology, captivating design, and top-notch safety features. Designed to exceed the expectations of modern urban customers, this vehicle is poised to make a lasting impression on the automotive landscape.

The 3X Factor

With the XUV 3XO, Mahindra is introducing a triple treat for SUV enthusiasts. This vehicle promises thrice the excitement and exuberance, setting a new standard for excellence in SUVs.

Mumbai, April 04, 2024:

Mahindra & Mahindra Ltd. announced the name of its highly anticipated SUV, the XUV 3XO (pronounced as XUV-three-exoh). This revelation comes ahead of its global debut on April 29, where it will showcase the sophistication and modern technology synonymous with the XUV brand.

A Truly Standout Mahindra SUV

Engineered to deliver “Everything you want & more,” the XUV 3XO embodies the essence of a standout Mahindra SUV. It seamlessly integrates thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety to cater to the aspirations of urban drivers.

Resonating with Ambition

The XUV 3XO is not just a vehicle; it’s a symbol of ambition and excellence. Its name playfully mirrors the executive heights denoted by “CXO,” resonating with those who strive for greatness in every aspect of their lives.

Manufactured with Precision

The new XUV 3XO will be proudly manufactured at Mahindra’s state-of-the-art facility in Nashik, Maharashtra. This reaffirms Mahindra’s commitment to delivering top-quality vehicles to its customers.

Sneak Peek:

For a sneak peek into what the XUV 3XO has to offer, check out the official YouTube link provided by Mahindra.

Mahindra XUV 3XO – a brand new addition to the Mahindra XUV family.

The XUV 3XO is not just a vehicle; it’s a statement—a testament to Mahindra’s dedication to pushing the boundaries of automotive excellence. Get ready to witness the future of SUVs on April 29 with the grand unveiling of the XUV 3XO.

Also read | Payana Vintage Car Museum Unveiled Near Mysuru

Payana Vintage Car Museum Unveiled Near Mysuru

A Tribute to Automotive Excellence and Historical Grandeur

The Payana Vintage Car museum, located on the outskirts of Mysuru, has recently opened its doors to the public, offering a captivating journey through automotive history. Here’s what you need to know about this remarkable addition to the cultural landscape:

Payana stands as a beacon of history, celebrating the intricate beauty and engineering marvels of vintage automobiles. The museum is more than a collection; it’s an educational journey, meticulously crafted to bring the golden age of motoring to life. Each car tells a story, each exhibit opens a chapter in the annals of automotive excellence, inviting visitors to explore, learn, and be inspired by the heritage of these timeless classics.

Also read | Mysore Palace: A Beacon of Royal Legacy and Architectural Grandeur

Payana Vintage Car Museum
Credits: Payana

Unveiling Payana: A Tribute to Automotive Legacy

Diving into the Origins of Payana: Upholding Automotive Tradition

At the heart of Payana lies a profound reverence for the timeless allure and ingenuity encapsulated within vintage automobiles. Serving as a sanctuary where heritage is safeguarded and celebrated, Payana embodies a devotion that extends beyond surface beauty, delving into the rich tapestry of historical and cultural importance.

Payana stands as a sanctuary where aficionados and inquisitive individuals converge to explore the journey of automotive design evolution and pivotal milestones that have left an indelible mark on the industry.

Also read | Brindavan Gardens: A Symphony of Fountains, Lights, and Greenery

Payana Vintage Car Museum
Dr. D Veerendra Heggade

A Glimpse into the Visionary’s Dream

The Inspiration Behind Payana

Rooted in a deep appreciation for the artistry and innovation of vintage automobiles, Payana Vintage Car Museum is the brainchild of Shri D. Veerendra Heggade, Dharmadhikari of Dharmasthala.

A Personal Narrative Turned Public Treasure

Driven by Shri Heggade’s passion for vintage cars and photography, Payana stands not only as a repository of history but also as an invitation for all to explore and celebrate the legacy of automotive excellence.

Also read | Ranganathittu Bird Sanctuary: A Birdwatcher’s Paradise

Payana Vintage Car Museum
Credits: Payana

Payana: Showcasing Automotive Heritage

Masterpieces on Wheels: Steer into a curated collection of vintage marvels, where each car narrates its own legacy and historical significance.

Treasures of the Past

  • Royal Chariots: Among the exhibits are majestic chariots once owned by the Mysore maharaja, offering a glimpse into the opulence of bygone eras.
  • WWII Icons: Iconic jeeps from World War II fame stand as testament to the enduring legacy of these rugged vehicles.

Also read | Mysuru Zoo – Everyone’s delight

Payana Vintage Car Museum
Credits: Payana

About Payana Museum: Where History Meets Innovation

An extraordinary museum emerges – a brainchild realized by Shri D. Veerendra Heggade. Serving as a tribute to preservation, a celebration of antiquity, and a gateway to pioneering advancements, this museum stands as a testament to the seamless integration of the past and the future.

Discover the Wonders of Automotive Mastery: Engage with Unforgettable Events and Exclusive Exhibits

Embark on a journey through the captivating world of automotive brilliance. Stay tuned to our dynamic array of refined showcases and historical treasures. Register today for privileged access to forthcoming updates, ensuring you’re at the forefront of our latest offerings and unique displays, destined to captivate and ignite your imagination.

Also read | Jaganmohan Palace Art Gallery

Explore Automotive History: Take a Trip Through Time

Timings: 09:30 AM to 08:00 PM

Ticket Price: For Adult Rs. 50/-

Location: Brahmapura, Srirangapatna, Mandya District-571477, along the Bengaluru – Mysuru Expressway. Contact: +91 82362 53050

Step into the past with a visit to the Payana Museum, where each vehicle narrates its own tale and every display reveals a slice of automotive heritage.

Also read | Bidar Chamarajanagar Kalyana Patha – An Expressway to Prosperity

Mysore Airport Expansion: An Aviation Enthusiast’s Point of View

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Author: Shreyas K Mahesh, Mysuru

As a Mysorean interested in infrastructure-related topics, I do worry about the prolonged delay in Mysore Airport Expansion. Seeing the latest developments, I’m sick of the political wars between parties regarding the credit, naming of the airport, etc. Therefore, I want both the Governments, State & Center to intervene in the matter behind the expansion delay and keep off the political slugfest.

Is expansion necessary? 

Of course, it is necessary because Mysore Airport has been in existence for over 15 years and is still stuck in its initial phase-1 level of development: Handling smaller aircraft and turboprop planes. The presence of the Nanjangud -Chamarajanagar railway line at the western end of the airport and a National Highway at the eastern end is the reason hindering the extension of the 1740m long runway to 2745m. Now, another hurdle called land acquisition is delaying the process as well.

Seeing the new airports like Shivamogga and Kalaburagi, equipped with runways over 3000m long (at phase-1) and exhibiting future readiness is commendable but a worrying factor for a city like Mysuru. Hubballi and Belagavi have upgraded with 2600m & 2300m long runways. Other cities like Hassan and Vijayapura are soon to be on the aviation map. Mysuru, with a decade-old airport, needs a serious upliftment.

Another issue is the proximity of Bengaluru. By just 175 km, India’s 3rd busiest Airport (Kempegowda International Airport) is an excellent option for travelers to fly within the country or overseas. Now, that dependency has to be reduced. (except International ones)

The big question 

The most concerning thing that really bothers me is the update on Airport Expansion. The previous State Government led by the BJP had sanctioned a total of 150 Crores. The current Government led by the Congress party had invested 75 Crores (except a recent allocation of nearly 50 crores in the state budget).

As of 2023, this totals to 225 Crores. As per news reports, over 100 acres of land have been taken up. With these developments, I really expected some work (like excavation) on the other side of the National Highway. But unfortunately, nothing has happened. I really wanted to know why.

An Ultimate Masterplan: The solution for present & future

With the ongoing issues related to land acquisition and other factors delaying the process of Mysore Airport expansion, it’s high time that the AAI and concerned aviation officials design an ultimate masterplan for the airport with a future scope. The requirement of this future development indeed answers its requirement, considering the current situation of Mumbai’s Chhatrapati Shivaji Maharaj International Airport, the closure of Bengaluru’s HAL airport and Hyderabad’s Begumpet Airport.

Similarly, like Bengaluru’s IT Boom in the late 80s, Mysuru might witness an industrial boom sometime in the future. And this industrial boom will lead a lot of professionals from the country or the world to visit the city. This pressurizes the expansions of our city’s airport, railway stations, etc. in order to accommodate more such flights or train services. At that time, Mysuru Airport should be in a position to extend its runway, and apron with more parking slots, extend or build more terminals, introduce development works & hassle-free facilities at the airport.

From my perspective, Mysuru, a city situated at 760 MSL might require an International Airport with a single runway of length 3660m or more (60m wide) complete with a parallel end-to-end taxiway (option for another parallel taxiway). The space for a huge airfield (movement area) consisting of the above-mentioned runway, taxiway(s), RESA, space for airfield lighting (ILS), and other facilities should be considered. A big apron, suitable to accommodate the required estimate of aircraft, with space for future expansion. A big terminal capacity to handle millions of passengers should be considered (with an option of terminal 2 as well). Also, an adequate space for the airport city should also be considered.

I’m not saying that the requirement of these should be fulfilled now. Let Mysore Airport be expanded into different phases slowly in the future. The major issue is the availability of land resources. Currently, the majority of the lands surrounding the airport are farmlands, but in the future, that same amount of land might get converted to sites, multi-storeyed buildings, villas, or gateways, or become an activity of real estate. They will eventually become an obstacle for subsequent phase-wise expansions. Therefore, recognizing such lands at the earliest and land acquisition when necessary will surely help out.

Along with that, proper off-airport development works should be done, particularly road connectivity. Another proper link road connecting the Mysuru – Nanjangud NH and Mysuru – Mananthavady NH (with service roads) should pass through the airport connecting the terminal(s), enhancing better connectivity. Also, the expansion of the above-mentioned National Highways (with service roads and flyovers) should be considered.

Summary

The concern behind this is to raise awareness regarding the future readiness of any infrastructure development in our city. Like me, a lot of citizens and people are concerned regarding the delays surrounding Mysore Airport expansion. I tried my best possible way of addressing future related issues, the airport might face with the concept of the master plan and future readiness. My only desire is to see Mysuru have a reputation for having an airport within 15 km from the city center, unlike Bengaluru which is 40 km away. Bengaluru Kempegowda International Airport’s success is an inspiration behind my concern.

Author: Shreyas K Mahesh, Mysuru

Also read | Multi Modal Transit Hub (MMTH) at Jnanabharathi (GNB) – Boon for Mysureans

Bharat Electronics Limited (BEL) achieves record turnover of Rs. 19700 Crores during the Financial Year 2023-24

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Bharat Electronics Limited (BEL), a Navratna Defence PSU, has achieved a remarkable turnover of around Rs. 19,700 Cr (Provisional & Unaudited) during the Financial Year 2023-24, marking a significant growth of 13.65% compared to the previous year’s turnover of Rs. 17,333 Cr.

In FY 2023-24, BEL secured orders worth approximately Rs. 35,000 Cr, including notable defence orders such as Electronic Fuzes, EW Systems, Communication Systems for naval warships, Fire Control Systems, Akash Prime Weapon System, Radars, Sonars, Software Defined Radios, Night Vision Devices, Tactical Communication Systems, and projects in the Non-defence sector.

The total order book of BEL as of April 1st, 2024, stands at around Rs. 76,000 Cr. Additionally, BEL achieved Export sales of around US$ 92.98 Million during FY 2023-24, witnessing a remarkable growth of 92% compared to the previous year’s export turnover of US$ 48.33 Million. Major products exported include Transmit & Receive (TR) Modules, Compact Multi-Purpose Advanced Stabilisation System (CoMPASS), Radar & Electronic Warfare Systems, Medical Electronics, and Communication equipment.

As of April 1st, 2024, BEL’s export order book stands at USD 407 million, with export orders acquired during the fiscal year amounting to USD 211 million.

Shri Bhanu Prakash Srivastava, Chairman & Managing Director, BEL, expressed his satisfaction with the company’s performance, highlighting BEL’s focus on research & development, collaborations with DRDO, academia, and industry partners. He emphasized BEL’s alignment with the Government’s ‘Make in India’ initiative, prioritizing indigenisation, procurement from MSMEs, and leveraging GeM. Srivastava affirmed BEL’s commitment to exploring new growth opportunities through export initiatives, diversification, capability enhancement, competitiveness, and modernisation.

Also Read | Indian Oil and Panasonic Energy Sign Term Sheet for Lithium-Ion Cell JV

Mahindra Lifespaces Expands with New Land Acquisition in Whitefield, Bengaluru

Mahindra Lifespace Developers Ltd. has announced the acquisition of a new land parcel spanning about 2.0 acres in Whitefield, Bengaluru. The land is anticipated to accommodate around 0.2 million square feet of saleable area for development, with an estimated Gross Development Value of about ₹ 225 Crore. This primarily includes the creation of mid-premium residential apartments.

Expansion Strategy and Vision

Amit Kumar Sinha, the Managing Director & CEO of Mahindra Lifespace Developers Ltd., has stated that this acquisition represents a significant step in the company’s strategy to broaden its presence in key micro markets. It also underscores the company’s vision to build sustainable urban communities. He further adds that the company is eager to leverage its expertise and innovation for this new project, which will further solidify its foothold in Bengaluru. Sinha points out that Bengaluru’s robust market potential makes it a strategic choice for the company’s continued expansion.

Prime Location and Connectivity

The newly acquired land parcel by Mahindra Lifespaces is located in the lively Whitefield area, known for its connectivity to major tech parks and commercial offices. It boasts a robust social infrastructure, including top-notch educational institutes, healthcare facilities, and various retail options. Whitefield is renowned for its premium residential communities, bustling shopping malls, esteemed educational institutions, and a wide range of entertainment venues.

About Mahindra Lifespace Developers Ltd.

Established in 1994, Mahindra Lifespace Developers Ltd. aims to create thriving residential communities and business ecosystems, leveraging innovation and sustainability.

The company focuses on developing thriving residential communities and enabling business ecosystems. Its development footprint covers over 35.06 million square feet of completed, ongoing, and forthcoming residential projects across seven Indian cities. Additionally, it manages over 5000 acres of ongoing and forthcoming projects at integrated developments and industrial clusters across four locations.

The company’s development portfolio includes premium residential projects, value homes under the ‘Mahindra Happinest’ brand, and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands respectively.

For more information about Mahindra Lifespaces, visit www.mahindralifespaces.com.

Also read | BEML Ltd Establishes District Office in Pune to Enhance Defence Industrial Collaboration

NALCO Sets New Records in Production and Sales in FY 23-24

Bhubaneswar: National Aluminium Company Ltd. (NALCO), India’s leading manufacturer and exporter of alumina and aluminium, has achieved remarkable milestones in production and sales for the year 2023-24. The company has set new records with the highest-ever Cast Metal production of 4,63,428 Metric Tonnes, highest-ever Bauxite Excavation of 76,00,230 Metric Tonnes, and Highest-ever Metal Sale of 4,70,108 Metric Tonnes, surpassing all previous benchmarks since its inception.

In addition to these achievements, NALCO has introduced a new product, Aluminium Alloy Ingot (AL59), to its range in FY 23-24. With an impressive capacity utilization rate of 101.15%, NALCO’s Alumina Refinery has produced 21,24,000 Metric Tonnes of Alumina Hydrate, while the Captive Power Plant has generated a gross 7193.62 million units of power.

Furthermore, in FY 23-24, NALCO successfully developed and operationalized its Utkal D coal block, producing 2 million tonnes of coal, reaching the peak rated capacity of the mine.

Shri Sridhar Patra, CMD, NALCO, expressed his appreciation for these significant achievements, attributing them to the dedication and hard work of the NALCO collective and stakeholders. He emphasized NALCO’s commitment to surpassing previous benchmarks and acknowledged the company’s major milestones achieved through backward integration and securitization of raw materials and energy over the past four years.

Also Read | Indian Oil and Panasonic Energy Sign Term Sheet for Lithium-Ion Cell JV

Indian Oil and Panasonic Energy Sign Term Sheet for Lithium-Ion Cell JV

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Indian Oil Corporation Limited (“Indian Oil”) and Panasonic Energy Co. Ltd., a Panasonic Group Company, have finalized a binding term sheet to establish a joint venture for manufacturing cylindrical lithium-ion cells in India. The agreement aims to address the growing demand for batteries in two- and three-wheel vehicles and energy storage systems, anticipating the nation’s transition to clean energy. This follows the signing of a Heads of Agreement on January 21, 2024, and both companies are currently engaged in a feasibility study to finalize collaboration details by summer.

In addition to meeting domestic demand, investments in local manufacturing will bolster India’s self-reliance, strengthen its position in the global energy landscape, and stimulate the growth of India’s battery industry. With India poised to become the world’s third-largest economy, IndianOil is committed to achieving net-zero operational emissions by 2046, aligning with the nation’s carbon neutrality goal by 2070. Leveraging Panasonic Energy’s expertise in battery development and manufacturing, both companies aim to contribute to India’s energy transition while promoting sustainability.

About Indian Oil Corporation Ltd

Indian Oil Corporation Ltd. is a Fortune 500-ranked energy PSU, with a presence in oil, gas, petrochemicals, and alternative energy sources. With an extensive workforce and infrastructure, IndianOil serves over a billion Indians daily and has global operations in countries like Sri Lanka, Mauritius, and the UAE.

About Panasonic Energy Co., Limited

Panasonic Energy Co., Ltd., established in April 2022, provides innovative battery technology-based products and solutions globally. Through its offerings, the company aims to contribute to societal happiness and environmental sustainability. For more information, visit https://www.panasonic.com/global/energy/.

Also Read | Indian engineers at Renault Nissan Engineering Centre contribute significantly to the global automotive platform development

Sri Aprameya Swamy Temple

Meaning of Aprameya – Lord Aprameya, the divine incarnation of Lord Narayana, has been the guiding force of the devotees for millennia. The term “Prameya” means something that has limits. However, “Aprameya” means the one that has no limits. It is “limitless” OR “infinite” in English OR “ಅನಂತ” in Indic languages.

Why is the Lord called Aprameya? – He is called so because he has no limits. That means his power is infinite, his knowledge is endless, and his love for his creation is without any limits, yet he stays detached from the created.  Every activity that happens inside the micro and macro worlds is because of him. However, he does it without any attachment to it, thus expressing boundless detachment.

He effortlessly creates (ಸೃಷ್ಟಿ), sustains (ಸ್ಥಿತಿ), and destroys (ಲಯ) the Universe as if it is a routine thing that one will do daily. Lord can do and undo anything – for example, the Lord can smoothly restore a fully broken mirror to its original form only through his grace.  That means he can effortlessly fix anything, including our life’s problems, in no time. So, meditating on the Lotus feet of Lord Aprameya becomes crucial to finding permanent solutions to our problems.

Also read | Hole Anjaneya temple – A visit to this temple can bring peace and tranquility to our lives

History of Aprameya Temple

On the way to Mysuru from Bengaluru, at Chennapatna, if one takes a deviation and travels for 1 km inside, one will find the imposing tower of Rajagopura of Aprameya swami. The temple also houses the temple of his eternal consort, Aravindavalli, and the temple of the famous Ambegalu Krishna (Toddler Krishna).

The lord Sri Aprameya swamy temple, built during the Chola era, around the 9th century AD, has Dravidian-style architecture. The temple is facing the eastern direction with Mahadwara. The story of Dashavatra carved on the stone wall of the temple complex makes the walls look magnificent, and there is a Ratha mantapa and Purandara dasa mantapa in front of Garba Gudi. Also, a 30-foot-deep stamba (single stone pillar for light) is available inside the complex.

Also read | Sri Nimishambha Temple, Srirangapatna

Chaturbhuja Aprameya Swamy

Lord Aprameya Vigraha (idol) is in Chaturbhuja form, holding Panchajanya and Sudarshana Chakra in the upper hands. The lower hands have kaumodaki and lotus, thus standing gracefully with ever-pleasing face, giving the vibes of divinity.

Goddess Aravindavalli

There is a temple inside the main temple complex dedicated to the Goddess Aravindavalli, the incarnation of Goddess Mahalakshmi. The idol is seated in padmasana (a yogic seating pose) and is in chaturbuja form. She has lotus flowers in her upper hands, and the other two hands have varada (blessing) and abhaya (protection) mudras. Her face exudes joy and bliss, indicating whoever meditates on the lotus feet of the goddess will attain “Joy” and “happiness” in life.

Also read | Ranganatha Swami Temple, Srirangapatna: A Journey Through Time and Spirituality

Ambegalu Krishna (Crawling baby Krishna)

Ambegalu Krishna is very popular among south Indians, and more so among Carnatic sangeet singers, as one of the immensely popular Purandara Dasa’s keerthana “ಜಗದೋಧಾರಣ ಆಡಿಸಿದಳು ಯಶೋದ” is referring to this god. Ambegalu Krishna is the baby form of Lord Krishna, who, in turn, is the incarnation of Lord Narayana.

Enchanting baby: The idol has a beautiful face reminiscent of the full moon with sparkling eyes that are incredibly attractive. His thick and curly hair adds to the breathtaking beauty of his face.  He is holding butter in one hand and taking ground support with the other.  He is wearing all kinds of ornaments – necklace, waist belt, bangles, anklets, which makes him look even more lovely. Out of parental affection, the poojaris of the temple fix “tiger nails” to his nails to avoid evil eyes on the Lord in the baby form.

Also read | Millennia-old Bhu Varaha Swami Temple, Kallahalli 

Saint Purandara Dasa visited Sri Aprameya Swamy Temple

Around 500 years ago, Saint Purandara Dasa visited the Aprameya temple and was mesmerized by the beauty of Ambegalu Krishna. He must have wondered why the Lord of the Universe and the giver of the Moksha (Liberation from the cycle of birth and death) resides in the baby form there. Purandara Dasa sang the above keerthana out of ecstasy of love towards Ambegalu Krishna.

Yashodha, the mother of Lord Krishna, did so much punya (good karma) in her past lives that the Lord allowed her to raise him from baby to adulthood. In her old age, when Yashodha desired to see her progeny in baby form one last time, the Lord fulfilled her wish by showing himself in baby form to her. Ambegalu Krishna is that form of the Lord.

Also read | Srikanteshwara Nanjangud Temple: A Testament to Spirituality and Tranquility

How to reach the Aprameya temple?

By Train

From Bengaluru, one can take the train towards Mysuru and alight at Chennapatna station. From the Chennapatna railway station, one can take an auto towards Aprameya temple. From Mysuru, one can take the train towards Bengaluru and alight at Chennapatna station. From the Chennapatna railway station, one can take an auto towards Aprameya temple.

By Buses (KSRTC OR Private)

From Bangalore OR Mysuru, many busses ply between the cities, and one has to get down at ChennaPatna and take an autorickshaw towards the Aprameya temple.

Private vehicles

One travel by private vehicle on the Bengaluru ~ Mysuru expressway, take a deviation at Chennapatna and proceed towards Aprameya temple.

Timing

The temple is open between 6:00 AM and 1:30 PM. Again, the temple reopens between 5:00 PM and 8:30 PM.

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India’s NPCI ties with IISC for advanced research on Artificial Intelligence (AI) and BlockChain

New initiatives of NPCI and IISC

In a notable development, the National Payments Corporation of India (NPCI) has partnered with the esteemed Indian Institute of Science (IISc), Bengaluru. This collaboration aims to spearhead research initiatives encompassing cutting-edge technologies like blockchain and Artificial Intelligence (AI). A Memorandum of Understanding (MoU) has been formalized to cement this joint endeavor.

The initiative is under the supervision of the RBI

The NPCI, an initiative under the aegis of the Reserve Bank of India (RBI), is dedicated to driving innovations in retail payment systems through technological means. On the other hand, the IISc is India’s foremost institution for pioneering scientific and technological research, with a rich legacy dating back to 1909. Together, these entities will focus on crafting scalable blockchain platforms. Additionally, they will create a multi-modal analytics platform tailored to oversee fintech data, marking a significant stride in this collaborative effort.

“As our nation strides towards digital sustainability, we recognize the immense potential for research in transformative technologies such as blockchain and AI to elevate the payment landscape to newer heights,” stated Vishal Kanvaty, Chief Technology Officer of NPCI, in an official declaration.”

NPCI’s Falcon, an open-source initiative to streamline blockchain Management

“Blockchains serve as digital ledgers that distribute transaction records across numerous computers, diverging from the centralized data storage system on a single network or server. This decentralized approach enhances security but also fortifies protocols against tampering and cyberattacks. The NPCI has been fervently delving into the intricacies of blockchain technology. In a significant stride last year, NPCI unveiled Falcon—an open-source initiative geared towards streamlining blockchain management and utilization.

Vajra – a blockchain-powered payment clearing and settlement system

In 2020, NPCI introduced ‘Vajra,’ a blockchain-powered system designed to automate payment clearing and settlement procedures for NPCI products. Furthering its commitment, NPCI established an impact lab at the Hyderabad campus of the Indian School of Business (ISB) in April 2023, dedicated to advancing blockchain technology.

In February last year, the Telangana government partnered with the Bharat Web3 Association to initiate discussions on blockchain technology. As a result of this collaboration, the NPCI and the IISc will engage in research and development activities related to cryptography and machine learning (ML).

Conclusion

“The collaboration between researchers from NPCI and faculty members of IISc provides a unique opportunity for translational research. This research can potentially enhance the scalability and effectiveness of NPCI’s billion-scale platforms,” commented Professor Yogesh Simmhan. He is an Associate Professor in the Department of Computational and Data Sciences at IISc.” India’s tech profess will be augmented with this kind of research and the government should support policies that will enable it.

Also Read | Indian engineers at Renault Nissan Engineering Centre contribute significantly to the global automotive platform development

Indian engineers at Renault Nissan Engineering Centre contribute significantly to the global automotive platform development

Renault Nissan Technology Business Centre India (RNTBCI)

Renault Nissan Technology Business Centre India (RNTBCI), serving as the premier global R&D hub of the Renault Nissan Alliance within the nation, spearheads nearly 50% of its operations for international endeavors.

RNTBCI is a company with a strong workforce of over 10,000 engineers. About 6,000 engineers are dedicated to core engineering tasks while over 3,000 specialize in crafting advanced software and connectivity solutions for global projects. It has the third-largest automotive development stronghold in the country. The company’s endeavors range from fundamental product development to sophisticated software innovations.

The Contributions of RNTBCI to Global Projects

With a 51:49 joint venture between Renault and Nissan, RNTBCI emerges as the foremost R&D center for French and Japanese automotive giants beyond their native shores.

During a recent Renault Nissan Alliance event held at the Oragadam factory, the managing director of RNTBCI, Debashis Neogi emphasized India Center’s significance in fostering high value creation and innovation. Neogi highlighted India’s pivotal role in accelerating vehicle development through leveraging local resources and digital tools, delivering comprehensive solutions from conceptualization to production via a blend of virtual and physical methodologies.

RNTBCI has already made substantial contributions to key GLOBAL PROJECTS for Renault and Nissan, including the Renault 5, Renault Scenic, Renault Spring, Nissan X-Trail, and advancements in electrified powertrains such as the Nissan E-Note (powered by E-Power) and Nissan Leaf.

The RNTBCI has conceptualized, designed, and developed 13 models

For the past fifteen years, the center has showcased its expertise by conceptualizing, engineering, and successfully launching over 13 models that are specifically designed for the Indian market. Building on this legacy, the company is now developing six additional models, including two SUVs and an electric vehicle for both Renault and Nissan brands in India.

The kind of work that happens at RNTBCI

The breadth of operations at RNTBCI encompasses a wide spectrum of disciplines, including research and advanced engineering, vehicle development, simulation and testing, software and ADAS (Advanced Driver Assistance Systems), powertrain engineering, chassis engineering, electrical and electronics engineering, and production engineering.

When it comes to innovations, the center harnesses cutting-edge technologies such as data science, artificial intelligence (AI), machine learning (ML), blockchain, and mobile technology. These technologies are leveraged to streamline product lifecycle management, enhance connected car services, optimize salesforce and SAP integration, and implement full-stack solutions ensuring seamless connectivity and operations across plants.

Moreover, the Global Business Services arm, comprising over 760 skilled engineers, delivers bespoke solutions spanning accounting, finance, costing, digital finance operations, fixed marketing investment, customs management, HR services, and finance support functions.

The RNTBCI base near Chennai manages the entire backend accounting operations for the Renault group, underscoring its significance as a cornerstone of operational excellence within the Renault Nissan Alliance.

RNTBCI collaborates with deep-tech startups

To realize its forward-looking vision, the company plans to increase the involvement of deep tech startups, establish strategic partnerships with academia to recruit young and talented engineers, and promote greater gender diversity to drive global innovation.

India has the world’s third-largest number of startups, with around 3000 in the deep tech sector. RNTBCI supports startups during their incubation phase and uses their specialized services.

Women empowerment

On the diversity front, there has been a notable increase in the proportion of female employees, rising from 11% to 23% in recent years. Neogi underscores the company’s commitment to further elevate this figure to 50% within the next decade, emphasizing a steadfast dedication to diversity and inclusion.

Talent development

To cultivate a skilled talent pool, Renault Nissan has forged partnerships with several institutes and universities in and around Chennai, tailoring dedicated courses in the automotive domain to meet industry demands.

Academia plays a pivotal role in shaping our talent pipeline. RTNBCI grooms aspiring engineers for industry readiness through internships and rigorous training programs. The company’s newly launched M Tech in Mobility is designed to equip talents with the necessary skills to thrive in the automotive sector.

“We have established partnerships with esteemed institutions such as Amrita, VIT, and SRM, and ongoing collaboration with IIT Madras Research Park, particularly in advanced battery chemistry. Our commitment to internal and external innovation remains unwavering as we seek to capitalize on future opportunities for growth,” Neogi concluded, underscoring the company’s proactive stance toward innovation and talent development.

For more information, please visit the RNTBCI site.

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Feb 2024 Core Industries Index Up 6.7% Over Feb 2023, Coal Tops Fertilizer Declines

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The Combined Index of Eight Core Industries (ICI) has surged by 6.7 percent (provisional) in February 2024 compared to February 2023, indicating a significant upturn in industrial output. Key sectors including Coal, Natural Gas, Cement, Steel, Crude Oil, Electricity, and Refinery Products have all registered positive growth during this period, highlighting the resilience of India’s industrial sector.

Index of Eight Core Industries

The ICI serves as a vital indicator, measuring both the collective and individual performance of eight core industries: Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products, and Steel. These industries collectively account for 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Of particular note, Cement production surged by 10.2 percent in February 2024 over the same period last year, while Coal production witnessed a remarkable growth of 11.6 percent. Additionally, Crude Oil production increased by 7.9 percent, and Electricity generation saw a rise of 6.3 percent during the same period.

However, Fertilizer production experienced a decline of 9.5 percent in February 2024 compared to February 2023. Nonetheless, the cumulative index for the period of April to February 2023-24 still showed an increase of 4.1 percent over the corresponding period of the previous year.

The growth trend extended to other key sectors as well, with Natural Gas production increasing by 11.3 percent, Petroleum Refinery Products by 2.6 percent, and Steel production by 8.4 percent in February 2024 compared to the same period last year.

The continuous growth trajectory of these core industries underscores the robustness of India’s industrial sector and its contribution to the nation’s economic development. As India’s economy continues to evolve, these industries are expected to play a crucial role in driving growth and fostering resilience.

Note: The data for December 2023, January 2024, and February 2024 are provisional and subject to revision based on updated data from source agencies. The release of the index for March 2024 is scheduled for Tuesday, April 30, 2024.

The Index of Eight Core Industries (Base: 2011-12=100) for February 2024.

Also Read | Ministry of Defence to Reorganize Directorate General of Quality Assurance (DGQA)

Ministry of Defence to Reorganize Directorate General of Quality Assurance (DGQA)

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In a significant move aimed at enhancing the ‘Ease of Doing Business’ and fostering self-reliance in the Defence sector, the Department of Defence Production, under the Ministry of Defence, has announced a reorganization of the Directorate General of Quality Assurance (DGQA). This initiative is geared towards streamlining Quality Assurance processes, expediting trials, and reducing bureaucratic layers.

Restructuring DGQA

The restructuring of DGQA also takes into account changes in the Quality Assurance methodology and the revised role of DGQA following the corporatization of Ordnance Factories (OFB). With the transformation of Ordnance Factories into new Defence Public Sector Undertakings (DPSUs), coupled with increased involvement of private defence industry and the Government’s push for indigenization, there arose a necessity to revamp DGQA to better support the evolving defence manufacturing landscape.

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DGQA has already undertaken various organizational and functional reforms following extensive consultations with stakeholders across the defence manufacturing ecosystem. The newly proposed structure aims to provide consolidated technical support for complete equipment and weapon platforms across all levels, ensuring standardized quality assurance processes for products.

Additionally, the reorganization introduces a separate Directorate of Defence Testing and Evaluation Promotion, facilitating transparent allocation of Proof Ranges and testing facilities. This setup, combined with the automation and digitization of standardized Quality Assurance processes, is expected to significantly enhance the engagement of the Defence Industry with DGQA.

The restructured framework, along with ongoing functional reforms, will catalyze the indigenization efforts under the ‘Aatmanirbhar Bharat’ (Self-Reliant India) initiative. It will provide access to Indian standards or their equivalents to guide manufacturers within the country, thereby fostering the production and export of high-quality, qualified defence equipments and products.

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Tata Motors and HPCL Join Forces for EV Charging Infrastructure

Tata Passenger Electric Mobility Ltd. (TPEM), renowned for its groundbreaking initiatives in India’s electric vehicle sector, has announced a strategic collaboration with Hindustan Petroleum Corporation Ltd. (HPCL). The Memorandum of Understanding (MOU) between the two entities aims to facilitate the establishment of public charging stations countrywide.

Utilizing Resources for Enhanced Infrastructure

This partnership capitalizes on HPCL’s extensive network of fuel stations and TPEM’s wealth of experience garnered from over 1.2 lakh Tata electric vehicles (EVs) currently traversing Indian roads. The focus lies on deploying chargers at locations frequently visited by Tata EV owners. Moreover, HPCL will collect data on charger usage to refine the customer experience.

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Encouraging EV Adoption Nationwide

The agreement between TPEM and HPCL seeks to enhance the EV ownership experience across India, thereby fostering a conducive environment for greater EV adoption. Efforts are underway to explore synergies that will incentivize more individuals to embrace electric vehicles. Additionally, the introduction of a co-branded RFID card aims to streamline the payment process for charging, ensuring a hassle-free experience for users.

Leaders in Their Respective Fields

TPEM holds a dominant position in India’s EV market, commanding a remarkable 68% share in electric passenger vehicles. On the other hand, HPCL boasts a vast network comprising over 21,500 fuel stations nationwide and is committed to promoting sustainability. HPCL has set ambitious targets, aiming to install 5,000 electric vehicle charging stations by December 2024.

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Strategic Collaboration for Future Growth

Balaje Rajan, Chief Strategy Officer at Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd., emphasized the critical role of dependable charging infrastructure in mainstreaming EVs in India. He underscored the partnership’s significance in advancing the EV ecosystem by leveraging TPEM’s insights and HPCL’s expansive network.

Debashis Chakraverty, Chief General Manager of Retail Strategy & BD at HPCL, highlighted the alliance’s potential to expand EV charging infrastructure in high-demand areas, thereby alleviating range anxiety among EV users.

Paving the Way for EV Revolution

The collaboration between TPEM and HPCL signifies a crucial step towards fostering India’s EV growth. International case studies underline the pivotal role of accessible charging infrastructure in driving EV adoption, a trend expected to replicate in India. The combined efforts of two industry giants are poised to propel the nation’s EV sector into its next phase of development.

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Kempegowda International Airport Bengaluru Wins Top Award

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Kempegowda International Airport Bengaluru, also known as BLR Airport, has received the prestigious ‘Best Airport at Arrivals globally for the year 2023’ award from the Airports Council International (ACI) World.

This marks the second consecutive year that BLR Airport has achieved this recognition, showcasing its dedication to providing outstanding experiences for passengers.

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Leading the Way in Passenger Satisfaction

BLR Airport has secured the top position among airports worldwide, demonstrating its status as a premier aviation hub serving both domestic and international travelers. The airport’s commitment to offering a seamless arrival experience, convenient connections to non-metro cities, and smooth transfers across Southern India has contributed significantly to this achievement.

Efficient Services and Innovative Amenities

The airport excels in various aspects, including efficient deboarding procedures, streamlined immigration and customs processes, and dedicated e-visa counters. Additionally, Kempegowda International Airport Bengaluru (BLR Airport) provides organized baggage claim services and innovative amenities to enhance passenger convenience.

The BLR Pulse app, offering high-speed WiFi connectivity upon arrival, and features like ‘WayFinder’ facilitate navigation within the airport premises. Passengers can also book transit hotels and seek assistance through the app’s chat box option.

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Gratitude and Commitment to Excellence

Hari Marar, MD and CEO of Bangalore International Airport Ltd, expressed gratitude to government authorities and passengers for their support. He emphasized the airport’s dedication to continuous improvement and its role as the gateway to South and Central India.

Recognition of Outstanding Customer Experience

Luis Felipe de Oliveira, Director General of ACI World, praised BLR Airport for its exceptional customer experience. He highlighted the airport’s commitment to serving travelers and communities, underscoring the significance of winning the Airport Service Quality (ASQ) Awards.

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Methodology Behind the Awards

The ASQ program relies on live research conducted through traveler surveys, capturing satisfaction levels on the day of travel. With over 30 performance indicators, the surveys provide insights into various aspects of the passenger experience, ensuring a comprehensive evaluation.

This recognition reaffirms BLR Airport’s commitment to excellence and its position as a global leader in aviation services, setting a benchmark for airports worldwide.

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Agra Metro Advances with Alstom-Built Trains

In a significant milestone for Agra, the city inaugurated its metro service with the commencement of the first run of world-class trains manufactured by Alstom earlier this month. These cutting-edge Movia metros mark a new era in transportation for the historic city.

Safety and Reliability at the Core

These Movia metro trains come equipped with advanced Cityflo 650 signalling technology, ensuring the safety, reliability, and sustainability of the metro service. The inauguration witnessed the first train flagged off by the Honourable Prime Minister of India, Shri. Narendra Modi, and the Honourable Chief Minister of Uttar Pradesh, Shri. Yogi Adityanath.

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Alstom’s Contribution to Sustainable Mobility

Alstom, a global leader in smart and sustainable mobility, designed these trains in India, emphasizing energy efficiency and eco-friendliness. Manufactured under the ‘Make in India’ initiative, these trains boast modern propulsion systems and regenerative braking, promising a sustainable alternative for commuters.

Enhanced Connectivity and Reduced Travel Time

The introduction of Alstom’s Cityflo 650 moving block CBTC technology is set to revolutionize connectivity in Agra. This advanced signalling system will not only reduce travel time but also ensure reliable service, meeting the increasing demands of mobility in the city.

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Quotes from Key Figures

Olivier Loison, Managing Director of Alstom India, expressed his enthusiasm for the project, highlighting Alstom’s commitment to contributing to metro projects across Uttar Pradesh. Similarly, Shri Sushil Kumar, MD of UPMRC, emphasized the rapid progress of metro projects in the state, attributing much of the success to Alstom’s support.

A Vision for the Future

Inspired by Uttar Pradesh’s rich cultural heritage, the design of these metro trains combines aesthetics with functionality. With features such as automated sliding doors, comfortable seating, and dedicated spaces for differently-abled passengers, the metro promises a safe and welcoming environment for all commuters.

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Commitment to Excellence

Alstom’s expertise in CBTC technology and its commitment to delivering market-leading solutions are evident in the Agra-Kanpur metro project. With over 80 customers worldwide trusting Alstom’s metro solutions, the company continues to redefine urban transportation.

As Agra embarks on its metro journey, powered by Alstom’s cutting-edge technology, the city sets a benchmark for sustainable and efficient urban mobility. With the promise of enhanced connectivity, reduced travel time, and a modern passenger experience, Agra Metro is poised to transform the way residents and visitors navigate the historic city.

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BEML Ltd Establishes District Office in Pune to Enhance Defence Industrial Collaboration

In a move aimed at fostering closer ties with defence establishments, BEML Limited has established its district office in Pune, Maharashtra, signaling a significant step towards bolstering industrial collaboration in the defence sector.

Strategic Initiative for Enhanced Collaboration

BEML Limited, a prestigious ‘Schedule A’ company under the Ministry of Defence, inaugurated its district office in Pune, Maharashtra, on February 22, 2024. The strategic establishment of this office aims to facilitate stronger industrial collaboration between BEML and defence establishments, thereby contributing to a more progressive approach in meeting the nation’s defence requirements.

Commitment to Expanding Presence

This initiative underscores BEML’s commitment to strengthening its presence in key defence hubs across India. Equipped with a dedicated team, the newly established district office in Pune will cater to the diverse needs of existing customers and facilitate the efficient provision of a wide range of featured products, including high mobility vehicles, armoured vehicles, bridging systems, and more.

Enhanced Customer Support and Supply Chain

During the inauguration ceremony, Shri Shantanu Roy, Chairman & Managing Director of BEML Ltd, highlighted the strategic importance of the Pune office. He emphasized its role in enhancing customer support by ensuring efficient service and spare parts availability. Additionally, the office’s strategic location within Pune will enable seamless collaboration with existing customers and strengthen BEML’s supply-chain network.

Strategic Location

Pune, renowned as the “Queen of Deccan,” stands as one of India’s premier defence hubs, with a thriving ecosystem of MSMEs engaged in defence production. BEML’s decision to establish a presence in Pune reflects the city’s pivotal role in India’s defence landscape. The strategic location of the new office will extend BEML’s reach not only across Maharashtra but also to nearby regions, facilitating enhanced customer engagement and support.

About BEML

BEML Limited is a leading multi-technology ‘Schedule A’ company under the Ministry of Defence, serving India’s core sectors such as Defence, Rail, Power, Mining, and Construction by offering world-class products. With operations in Defence & Aerospace, Mining & Construction, and Rail & Metro verticals, BEML operates state-of-the-art manufacturing facilities in Bangalore, Kolar Gold Fields (KGF), Mysore, and Palakkad. The company boasts a robust R&D infrastructure and a nationwide network of sales and services.

BEML Pune office Location : BSNL Office, Second Floor, Model Colony, Shivajinagar. Pune 411016. Google Map

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SpiceJet to own 13 Bombardier Q400 planes after INR 755 crore settlement, will Propel Regional Route Expansion

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SpiceJet, a prominent airline in India, has reached a settlement agreement with Export Development Canada (EDC) to resolve liabilities amounting to $90.8 million (INR 755 crore). This significant development marks a major breakthrough in SpiceJet’s financial restructuring efforts, positioning the airline for long-term stability and growth.

The settlement agreement is expected to generate savings of $68.3 million (INR 567 crore) for SpiceJet, significantly alleviating its financial burden and strengthening its balance sheet. As part of the settlement, SpiceJet will acquire complete ownership of 13 Q400 aircraft previously financed by EDC. This transfer of ownership will bolster SpiceJet’s operational capabilities and fleet management.

Transfer of Q400 planes to SpiceJet

With the ownership transfer of the Q400 planes, SpiceJet plans to refurbish and reintroduce these aircraft into service. This initiative will enable the airline to expand its operations on regional and UDAN routes, enhancing connectivity across India.

Ajay Singh, Chairman and Managing Director of SpiceJet, expressed gratitude to EDC for their cooperation and progressive approach in reaching the settlement agreement. He highlighted the significance of this milestone in strengthening SpiceJet’s position for long-term success.

The liabilities resolved in the settlement agreement originated from a loan acquired by SpiceJet in 2011 for the procurement of 15 aircraft. With this settlement, SpiceJet will be liberated from the obligation of regular monthly rentals for the grounded Q400 aircraft.

The settlement agreement with EDC represents a pivotal step forward for SpiceJet, reaffirming its resilience and commitment to overcoming financial challenges. By fortifying its balance sheet and expanding its operational capabilities, SpiceJet aims to emerge as a stronger player in the Indian aviation industry.

About SpiceJet

SpiceJet is India’s leading airline known for making air travel affordable and accessible to a wide range of passengers. The airline operates a diverse fleet of Boeing 737s, Q-400s, and freighters, offering extensive connectivity across domestic and regional routes under the UDAN scheme. SpiceJet prioritizes passenger comfort and convenience with its spacious seating and premium services like SpiceMax.

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SOM Distilleries to Commence Trial Production at its expanded Hassan facility

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Woodpecker Distilleries, a prominent player in the beverage industry in Southern India and a subsidiary of SOM Distilleries, has announced the fast-tracking of its expansion project at Hassan. This acceleration comes as a result of a recent infusion of equity, enabling the company to commence trial production well in time to capitalize on the peak beer consumption season.

With the equity investment in the subsidiary company, Woodpecker Distilleries is set to initiate trial runs on March 30, 2024. This strategic decision reflects the company’s commitment to leveraging its enhanced production capabilities and optimized processes to meet the anticipated surge in demand during the peak beer consumption season.

The current capacity of Som Distilleries’ unit in Karnataka stands at approximately 90 lakh cases. With this expansion, the company has increased this capacity by an additional 60 lakh cases. Consequently, the Karnataka facility will have a total capacity of 1.5 crores cases. The estimated expenditure for this expansion is projected to be around Rs. 75 crores.

By accelerating the expansion project, Woodpecker Distilleries aims not only to position itself for success but also to reaffirm its dedication to providing customers with exceptional products that exceed their expectations. The company is confident that its strengthened production capabilities will enable it to meet the increased demand efficiently and effectively.

As the company gears up for trial production, it looks forward to delivering high-quality beverages that continue to delight consumers across the region.

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About SOM Distilleries & Breweries Limited

SOM Group is a renowned liquor manufacturer with a rich history of imbuing taste for decades. It boasts its own bottling plants and is actively involved in the manufacturing, marketing, bottling, labeling, and distribution of all beverages under one roof.

SOM Distilleries & Breweries Limited (SDBL) is based in Bhopal and stands as one of the leading alcoholic beverages manufacturers in India. SDBL is primarily engaged in the production of beer and the blending and bottling of Indian Made Foreign Liquor (IMFL). Offering a broad line of products at every price point, SDBL caters to varied preferences of consumers. The product portfolio encompasses various options across beer, rum, brandy, vodka, and whisky. The company’s overall capacity has grown to 30.2 million cases after expansion, up from 23.9 million cases before expansion.

The company has three key millionaire brands (sales of more than 1 million cases per annum) – Hunter, Black Fort, and PowerCool. The company’s major markets include the states of Madhya Pradesh, Karnataka, Odisha, Delhi, Uttar Pradesh, and Jharkhand.

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