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Category: Awards & Recognition

  • HONEYWELL DEVELOPS INNOVATIVE LIGHTWEIGHT SENSOR TECHNOLOGY FOR THE LILIUM JET


    Honeywell Develops Innovative, Lightweight Sensor Technology For The Lilium Jet

    Custom-engineered sensors will help Lilium’s electric vertical takeoff and landing jet fly, propelling the future of sustainable flight forward

    INDIA: Honeywell (Nasdaq: HON) announced it was selected by Lilium (Nasdaq: LILM), the developer of the first all-electric vertical takeoff and landing (eVTOL) jet, to supply propulsion unit position sensors for the Lilium Jet. Honeywell designed these sensors, known as “resolvers,” specifically for the needs of the Lilium Jet. The sensors will play a critical role in accurately sensing the engine’s position, ensuring that the jet can safely reach the exact position required for a successful takeoff.

    Creating sensing solutions for regional air mobility supports Honeywell’s portfolio alignment to three compelling megatrends: automation, the future of aviation, and energy transition. Honeywell is an investor in Lilium and supplies many key components for the Lilium Jet, including e-motors for the engines, avionics, onboard thermal management systems, and the flight control computer.

    “Honeywell’s expertise in both the aerospace and sensing industries means that they can understand the unique needs of and create tailored solutions for the Lilium Jet,” said Yves Yemsi, chief operating officer at Lilium. “In rethinking the traditional resolver, Honeywell is playing a key role in turning our concept, a fully electric jet that takes off and lands vertically, into a reality.”

    Lilium is creating the world’s first eVTOL jet and aims to develop zero operating emissions, and accessible modes of high-speed, regional transportation. The Lilium Jet is powered by 30 electric ducted fan engines, each of which needs to move precisely from a vertical to a horizontal position to support takeoff and forward movement in the air. This action is controlled by a resolver, traditionally a heavier piece of equipment composed of coils of copper wire and magnetic steel.

    Honeywell, working closely with Lilium, created a customized, solid-state resolver using patented spiral magnet technology and magneto-resistive sensors that can determine the position of magnetic objects. The resolver is substantially less expensive and lighter-weight than traditional counterparts. Although specific to the Lilium Jet, this Honeywell-patented technology can be replicated across other types of electric aircraft and will play an important role in furthering the adoption of advanced air mobility.

    “This expansion of the existing partnership between Honeywell and Lilium demonstrates the companies’ ongoing commitment to create solutions for the future of more sustainable transportation,” says Sarah Martin, president of Honeywell Sensing Solutions. “A growing number of eVTOLs will be flying above us very shortly, representing a groundbreaking step in the electrification of air transport. Our sensors, though small, are playing a large part in making these aircraft a reality.”

  • Counterfeit Beauty Products Seized In Mumbai Raid


    Counterfeit Beauty Products Seized in Mumbai Raid

    MUMBAI: In a significant crackdown on counterfeit products, the Crime Branch Unit – IX in Bandra, Mumbai, conducted a successful raid on March 20th, 2024, resulting in the confiscation of counterfeit goods worth approximately 55,000 rupees.

    The operation was initiated following a complaint lodged by Body Cupid Private Limited regarding suspected counterfeit products being sold under the brand name “WoW.” Acting upon this complaint, the case was referred to Sr. P.I. Dayanand Nayak, who oversaw the investigation led by Mr. Mahendra Patil (A.P.I.).

    The raid, conducted at HK Wholesale and Retailers in Jogeshwari West, was executed meticulously with the assistance of Sujit Mhaisdhune (PSI) and a dedicated squad from unit 9. The team, comprised of P.C. Shri Koli, P.C. Shri Shelke, P.C. Shri Chaugule, P.C. Ms. Sawant, and P.C. Shri Zodage, ensured the operation’s success.

    Following the raid, the accused suspected of involvement in the distribution of counterfeit products were apprehended. The accused were handed over to Mr. Sushantkumar Patil (P.S.I.) of Amboli Police Station for further investigation.

    Currently, under the guidance of Jaywant Shinde (Sr. P.I.), the Amboli Police Station continues to delve into the matter, aiming to uncover the full extent of the counterfeit operation and bring those responsible to justice.

    The successful raid serves as a testament to the commitment of law enforcement agencies in combating illicit activities and protecting consumers from fraudulent products. Authorities urge the public to remain vigilant and report any suspicious activities to ensure the safety and integrity of consumer goods in the market.

  • Axis Mutual Fund Launches ‘Axis Nifty Bank Index Fund’


    Axis Mutual Fund Launches ‘Axis Nifty Bank Index Fund’

    (An Open-Ended Index Fund tracking the Nifty Bank TRI)

    MUMBAI: In a significant move to tap into the dynamic growth of the Indian banking sector, Axis Mutual Fund is excited to announce the New Fund Offer (NFO) of the ‘Axis Nifty Bank Index Fund’. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks.

    “India’s economic rise is a compelling narrative driven by several factors. If addressed effectively, our growth story has the potential to propel the nation toward becoming a major global economic power. Against this backdrop, India’s banking sector continues to exhibit growth and resilience,” remarked B. Gopkumar, MD & CEO, Axis AMC. “Fuelled by robust regulatory frameworks and the rapid adoption of digital banking, the sector is well-positioned for sustained expansion. The Axis Nifty Bank Index Fund offers investors a strategic opportunity to tap into this growth opportunity. The sector benefits from a strong emphasis on innovation and adherence to the highest governance standards, thereby capitalizing on the transformative trends reshaping India’s banking landscape.”

    Managed by Mr. Karthik Kumar and Mr. Ashish Naik, the fund aims to provide returns before expenses that correspond to the total returns of the Nifty Bank TRI, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

    The index comprises some of the largest and most liquid banking stocks in India, representing a crucial segment of the national economy.

    “This fund is an interesting opportunity for investors to gain exposure to the banking sector, which is expected to play a pivotal role in India’s economic expansion,” explained Ashish Gupta, Chief Investment Officer at Axis AMC. “With increasing financial inclusion and a shift towards more sophisticated banking services, the sector can offer the potential for significant returns.”

    The Axis Nifty Bank Index Fund

    The Scheme would invest in stocks comprising the underlying index and shall track the benchmark index. The Scheme may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity and expense requirements. The Scheme shall invest in stocks forming part of the underlying Index in the same ratio as per the index to the extent possible and to that extent follow a passive investment strategy, except to the extent of meeting liquidity and expense requirements. Essentially, the fund employs a passive investment strategy designed to mirror the performance & constituents of the Nifty Bank TRI. Further, the index undergoes rebalancing on a semi-annual basis to ensure it reflects the current landscape of the sector by including the companies that best represent its performance.

    The Axis Nifty Bank Index Fund can be a potentially attractive option for investors seeking to capitalize on the sector’s growth by including a diversified mix of Large-Cap and Mid-Cap banking companies (PSUs as well as Private Banks). “The Axis Nifty Bank Index Fund offers a cost-effective and efficient way to gain exposure to the Indian banking sector and we invite investors to seize this opportunity,” concluded Mr. Gopkumar.

    The NFO will open for subscriptions on May 3, 2024, and will close on May 17, 2024.

    For detailed information on the investment strategy and to view the Scheme Information Document (SID)/Key Information Memorandum (KIM), please visit www.axismf.com.

    Product Labelling and Riskometer: Axis Nifty Bank Index Fund (an open-ended index fund tracking the Nifty Bank TRI)

    Source: Axis MF Research as of 29th April 2024

    *Investors should consult their financial advisors if in doubt about whether the fund is suitable for them

    (The product labeling assigned during the New Fund Offer is based on an internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.)

  • Honda Cars India Registers Total Sales Of 10867 Units In April 2024


    Honda Cars India Ltd.

    NEW DELHI: Honda Cars India Ltd. (HCIL), the leading manufacturer of premium cars in India, registered total sales of 10,867 units in April 2024 as compared to 7,676 units in the same month last year. The company registered 4,351 units in domestic sales and 6,516 units in exports in April’24.

    Sharing thoughts on April’24 sales performance, Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “Our planned production volumes in April were lower due to the switchover of Elevate and City production to six-airbag standard variants and the dispatches were aligned accordingly. On the other hand, export of Elevate continues to significantly boost HCIL export volume which grew by 175% over the same period last year.”

    The company had registered 5,313 units in domestic sales and exported 2,363 units on April 23.

  • Plan An Affordable Summer Getaway With Amazon Pay!


    Amazon India Prime Day 2023

    Maximize Your Savings with Amazon Pay ICICI Bank Credit Card! Prime Members can enjoy Up to 5% Cashback and Non- Prime Members can enjoy up to 3% on all purchases

    Summer is just around the corner, and it’s time to start planning your dream vacation. Picture this: the sun is shining, the waves are crashing, and the scent of adventure is in the air. But hold onto your beach hats, because we’re about to take your vacation planning game to a whole new level! With Amazon Pay, organizing your trip has never been easier. Say goodbye to the days of stressing over bookings and boring logistics and get ready to dive headfirst into a world of convenience and exciting rewards. From flights, cab, and hotel bookings, to funky travel gadgets, we’ve got the inside scoop on how to plan the perfect summer escape. So, buckle up, grab your sunscreen, and let’s plan your go-to summer destination with Amazon Pay!

    Browse and Book Flights: Start by booking your travel tickets with Amazon Pay and enjoy upto INR 5000 off on international flights and upto 10% off on domestic flights, making the experience quick and hassle-free. What’s more, enjoy 5% additional cashback with Amazon Pay ICICI Bank credit card and maximize your savings! So, let the beaches and mountains call you right away!

    Upgrade your Stay: Once your flights are booked, it’s time to find the perfect place to stay. Whether you prefer a cozy vacation rental or a luxurious hotel, you’ll find plenty of options to suit your preferences and budget. Hop on to Amazon Pay to book your hotel accommodations and enjoy upto 30% off your bookings!

    Don’t fret, the one-stop solution is here to the rescue! With the ease of booking cabs and one-click payments on Ola, and Uber, along with exciting rewards, check Amazon Pay Balance to make your family trips a lot more fun! Not just this, Prime Members can enjoy 5% cashback on their Uber rides.

    Indulge In Fashion and Beauty Bliss: Make sure you have everything you need for your summer trip by shopping on Amazon.in with Amazon Pay. Turn heads with trendiest fashion clothes, sunglasses, fashion accessories, to beauty essentials such as moisturizers, eyeliners, kajal, primer, perfumes, foldable hair dryers, makeup kits, and so much more! The experience gets rewarding with 5% cashback for Prime customers with Amazon Pay ICICI Bank credit card and 2% cashback for non-prime customers. What’s more, in case you don’t have a credit card, worry not! Pay via Amazon Pay UPI to enjoy assured rewards too! So, plan without any stress because beauty waits for no itinerary!

    Stay connected with Travel Essentials: Stay connected while traveling by purchasing essentials such as travel bags, travel adapters, and noise-cancelling headphones on Amazon.in. Pay with Amazon Pay ICICI Bank credit card wherein Prime Members can enjoy 5% cashback and others can get 3% cashback on all their purchases. Further, from travel-sized toiletries to portable chargers and packing cubes, pay with Amazon Pay to make your experience convenient and rewarding.

    Plan and enjoy the perfect summer getaway without any stress or hassle with Amazon Pay. So, start dreaming, exploring, and booking your next summer adventure today!

  • Sekel – Your TV May Be Watching You! Data Privacy Concerns In The Smart Era


    Rakesh Raghuvanshi

    By Rakesh Raghuvanshi, Founder and CEO, of Sekel Tech

    In recent years, smart TVs have become a popular choice for many households, providing a diverse range of features and applications. With the increasing number of internet-connected devices being manufactured, users are likely to appreciate the convenience and wide range of options they offer. However, it’s important to consider the potential risks that come with smart TVs and other smart home devices.

    Nevertheless, the convenience of smart TVs does come with a downside: privacy concerns. These devices can collect and transmit user data, including viewing habits and device information, to third parties. ACR technology, commonly found in smart TVs, amplifies these concerns as it tracks and utilizes user viewing data for targeted advertising. The recent BoAt data breach highlights the concern over the security of personal information held by companies, causing concerns about the potential misuse of user data.

    The breach of Personally Identifiable Information (PII) has reportedly exposed the private details of over 7.5 million BoAt customers, making it available for sale on the dark web. This is also a warning that the leak not only compromises sensitive user data but also poses a significant threat to the impacted users’ bank accounts and other confidential information.

    Another important concern revolves around the security vulnerabilities that come with smart TVs. Smart TVs, just like any other Internet of Things (IoT) devices, can be vulnerable to cyber-attacks, which can potentially grant unauthorized access to hackers. Reports indicate that even well-known brands have vulnerabilities that hackers can exploit, potentially compromising the privacy and security of millions of TVs.

    It’s quite concerning that so many modern smart TVs come equipped with built-in cameras and microphones. While these features provide useful functionality like video calls and voice commands, they also present a considerable risk if the TV’s security is compromised. Hackers have the potential to gain unauthorized access to these cameras and microphones, effectively transforming the TV into a covert surveillance device.

    The lack of transparency in data collection practices by smart TVs raises significant questions about user consent and control over personal information. Users are often unaware of the extent to which their viewing habits and other activities are being monitored and collected by these devices. Without clear disclosure from manufacturers about what data is being collected, how it is being used, and who it is being shared with, users are left in the dark about the full scope of surveillance taking place in their own homes.

    This lack of transparency undermines users’ ability to make informed decisions about their privacy and limits their control over their personal information. As a result, there is a growing demand for stricter regulations to ensure greater transparency and accountability in the data collection practices of smart TV manufacturers and third-party entities.

    To tackle these concerns and safeguard user privacy, several steps can be implemented. It is essential to ensure that your smart TV software is always kept up-to-date. Additionally, it is of utmost importance to set strong and unique passwords to protect your devices and accounts. Another vital precautionary measure is to exercise caution when connecting to public Wi-Fi networks. Users should deactivate any unnecessary features such as cameras and microphones when they are not being used. One must also assess the need for third-party applications, as some of them may collect and distribute personal data without obtaining proper consent.

    Ultimately, smart TVs come with a range of advantages, but it’s important to be aware of the potential privacy and security concerns they bring. By staying on top of software updates, network security, and app permissions, users can fully embrace the convenience of smart TVs while keeping surveillance and unauthorized access at bay. With the rapid advancements in technology, manufacturers and users alike must place a strong emphasis on ensuring data privacy and security within the smart TV industry.

  • Dr Preeti Joshi To Chair An International Conference At Bhutan


    Dr Preeti Joshi

    PUNE: Dr. Preeti Joshi, a city-based expert in liberal arts education and the Principal, of the School of Arts, Humanities and Social Sciences at Shree Balaji University, Pune has been invited to Chair the prestigious ‘5th International Conference on Entrepreneurship and Business Sustainability’ to be held in Bhutan from May 3rd to 5th. Dr. Joshi is the holder of the prestigious FUR Fellowship for Dalai Lama Studies.  

    Organized by the Youth Empowerment and Research Association (YERA) (Regd.) in association with the Commerce and Management Association of India (CMAI) & Norbuling Rigter College (NRC), Bhutan, the conference is aimed at providing a meeting ground for the Intellectual and Professional experts and will be held at the Sherubtse College Auditorium at Kanglung in Bhutan. Delegates from countries like the USA, India, Nepal, Bangladesh, and Bhutan are participating in this conference.

    The conference will touch upon subjects like economic sustainability, cultural heritage, sustainable social development, business start-ups, emergency management, digital economy, gender equality, artificial intelligence, sustainable energy, environment, trade, investment, and facilitating tourism in Asia. Experts are going to present research papers on these subjects.

  • Software Exporters Association Of Pune Presents Lifetime Achievement Award To Dr. Shukla


    Software exporters association of Pune presents life time achievement award to Dr Shukla

    PUNE: Everyone refers to Silicon Valley when speaking of advanced technology and the software development industry, however, people working in Silicon Valley choose Cupertino as their base as it offers access to the best quality education.

    The quality of education offered by a place can make it an industrial hub.  Therefore, industrial organizations and industry chambers should take the initiative of building good quality educational institutions said Dr Sridhar Shukla, Co-founder of GS Lab and Co-founder and President of K Point Technologies, while accepting the Lifetime Achievement Award presented by Software Exporters Association of Pune (SEAP)

    The second edition of SEAP Star Awards was held at Hotel Westin, Koregaon Park, Pune recently to mark its silver jubilee year. Dr. Shukla was honored with a Puneri Pagadi and insignia at the hands of Dada Deshpande- Co-founder of Persistent Systems, Pune in the presence of Vinita Gera-SEAP President, Shivraj Sable-SEAP Vice President, Vidyadhar Purandare-SEAP Secretary, former SEAP President Prashant KS, Ramprasad S, Nitin Deshpande, Swapnil Deshpande, Parag Barve, Vrishali Kulkarni, and Ashutosh Parasnis amongst other dignitaries.

    Dr Shukla said, “Today in terms of GDP, Pune is the fifth largest city in the country. Pune district has 7 thousand 300 schools; however, for Pune to progress further as an industrial hub, it needs to create a new identity as the district with the best schools.”

    “Our country has more than 25 crore students and nearly 15 lakh schools. Out of this, 10 lakh schools are Government schools while 4 lakh schools are private. 85% of these schools are in rural areas and 15% are in urban areas and the need to cater to this is quality teaching. There are more than 1 crore teachers, and the number is fast rising however, there is a lack of focus on teaching as a profession and this needs to change to be able to address the shifting trend of parents preferring Private CBSE ICSC or International Board English medium schools over government schools. Children spend maximum time with their teachers, and as the building blocks of our society there is a need to increase the focus on teaching as a profession”.

    Concluding his speech Dr Shukla said, “In any organisation, when like-minded people come together with a common goal, success can be achieved quickly.”

    Dada Deshpande elaborated on the various factors that helped establish Persistent Systems and SEAP

    SEAP Star Awards were also presented to Harbinger Group for ‘Best DEIB Practices’, Clairvoyant India and Evolent Health International for ‘Making a Difference in People Practices’, Cytel Statistical Software and Services Pvt. Ltd. for ‘Best Technology and Innovations Practices’ in Large Business category while Rubiscape won it in the Emerging Business category. Privacera was honored in the ‘Biggest Leap in AI’ category. Abhijit Atre, Member of the Executive Committee of SEAP presented the vote of thanks.

    On occasion, seen from left- Dada Deshpande, Dr Sridhar Shukla and Vinita Gera

  • ACP Vijay Chaudhari To Get A Medal From DG Maharashtra Police

    ACP Vijay Chaudhari

    PUNE: Renowned wrestler, Triple Maharashtra Kesari and ACP Anti Corruption Pune Region Vijay Chaudhari is all set to add one more precious medal to his collection of accolades. This time it is a medal from the Director General of Maharashtra Police. Every year Maharashtra Police awards the Police personnel for their outstanding performance. ACP Vijay Chaudhari will be one of the recipients of this medal this year. A notification to this effect has been issued by Rashmi Shukla, DG, of Maharashtra Police.

    Originally from Jalgaon district Chaudhari has won the prestigious Maharashtra Kesari title in wrestling three years in a row 2014, 2015, and 2016. He is being trained under Hind Kesari Rohit Patel. He also bagged gold for the country in the last Fire and Police games held in Canada.

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  • Renowned Dancers Of Pune To Perform ‘Rutubhedan’ On 30th April


    Rutubhedan

    PUNE:‘Rutubhedan’ a performance of Renowned dancers of the city will take place on Tuesday, 30th April at Bhave Primary School Auditorium on Tilak Road at 6 PM. The program is being organized by Shastriy Nritya Sanvardhan Sanstha (SNSS) and renowned Dance scholar Ashish Mohan Khokar. The program is free and open to all on a first-come first served basis.

    In the dance program, ‘Rutubhedam’ renowned dancers of the city including Arundhati Patwardhan (Bharatnatyam), Rasika Gumaste (Odissi), Prajakta Atre, Leena Ketkar and Manjiri Karulkar (Kathak) will perform along with their respective disciples.

    During the program a special edition of ‘Atten-dance’ – The Dance Annual of India will be inaugurated at the hands of Padma Bhushan Dr Vijay Bhatkar, Chairman, Unnat Bharat Abhiyan and Former Chancellor of Nalanda University. Renowned Bharatanatyam Guru Dr Sucheta Bhide-Chapekar, Sangeet Natak Akademi Award Winner Kathak Guru Shama Bhate, and Kathak Guru Manisha Sathe will also grace the occasion.

    Atten-dance, The Dance Annual of India features various Dance aspects of the Pune city including all the dance forms and dancers in the city. Ashish Mohan Khokar is the editor of this special edition along with the co-editor Neha Muthiyan. Neha is the famous dancer and editor of the Dance Magazine ‘Loud Applause’.