Tag: Business News

  • Get Ready For The Groundbreaking Technology Showcase At BTS 2024


    BTS 2024

    A 3-day event celebrating Innovation and Global Collaboration

    Event to be held from 19-21 November 2024

    Chief Minister Hosts Interactive Breakfast Meet with 200+ CEOs and Leaders from Prominent Tech Sectors

    BENGALURU: Shri Priyank Kharge, Hon’ble Minister for Information Technology & Biotechnology and RDPR, Government of Karnataka, announced the 27th edition of Asia’s largest Technology Show, Bengaluru Tech Summit (BTS) 2024, at a Press Conference held in Bengaluru today. Scheduled from November 19-21 2024 at the iconic Bangalore Palace, BTS 2024 will once again position Bengaluru at the forefront of global tech innovation & collaboration.

    Ahead of this press conference, a Breakfast meeting was held where Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka, engaged in an interactive session with over 200 CEOs from India’s leading IT, Semiconductor & Electronics, AVGC, Biotech and Startup organizations. This 2-hour interactive meeting also saw the presence of Shri D.K. Shivakumar, Hon’ble Deputy Chief Minister of Karnataka; Shri Priyank Kharge, Hon’ble Minister for Information Technology & Biotechnology and RDPR, Government of Karnataka, Shri Prashanth Prakash, Chairman, Vision Group on Startups, Govt. of Karnataka and Dr. Ekroop Caur, IAS, Secretary to Government, Dept. of E, IT, Bt and S&T, Govt. of Karnataka. The goal of this meeting was to foster an open dialogue between government officials and tech leadership, centered on Karnataka’s vibrant tech ecosystem and prospects. The discussions were facilitated by prominent industry associations including NASSCOM, IESA, TiE Bangalore, and ABLE.  The Department of Electronics, Information Technology & Biotechnology Govt. of Karnataka, also presented an ‘Action Taken Report’ addressing the industry representatives’ feedback from the 2023 Breakfast Meeting.

    An overview of the upcoming BTS 2024 was presented, with the continued event theme “Breaking Boundaries,” highlighting how technology transcends traditional sector, country, culture, and industry boundaries. Karnataka, with Bengaluru at its heart, is a global technology hub known for its vibrant ecosystem fostering innovation and entrepreneurship. BTS 2024 takes forward this vision, creating unbound opportunities for idea exchange, business growth, and international collaborations. The unique feature of BTS is that all the leading industry associations like NASSCOM, IESA, ABLE, TiE Bangalore, and ABAI as well as USIBC and AMCHAM partner with the event.

    The multi-stage Conference at BTS 2024 will serve as a vibrant hub for the exchange of new ideas. Spanning six focused tracks over 3 days, the Conference will cover IT & Deep Tech, Biotech & Health, Startup Ecosystem, Global Innovation Alliance, India-USA Tech Conclave, and the newly added Electro-Semicon track. The Conference will host over 85 sessions featuring 460+ speakers. Each of these tracks is curated by a committee of experts from the industry, research, and academia. Special programs like the CEO Conclave, Startup Conclave, and Fireside Chats with renowned personalities will also be featured.

    The newly introduced Electro-Semicon track will spotlight cutting-edge advancements in sectors such as Telecom, Mobility, Manufacturing, Consumer Electronics, and Semiconductors. This track will emphasize breakthroughs in electronic components, semiconductor technologies, and integrated circuits, showcasing innovations that are driving the future of these pivotal industries.

    This year, there will be an increased focus on B2B meetings, allowing delegates and companies to engage in more structured and productive sessions. Attendees can schedule meetings with the prospects well in advance and connect with participants seamlessly during the event. The exciting lineup for BTS will be conveniently accessible through a dedicated Event App. The app will also provide real-time updates and personalized recommendations to enhance the overall event experience.

    In addition, BTS2024 will also feature a Hackathon where problem statements from various government departments will be presented. Industry partners will provide the necessary infrastructure, support, and mentorship to startups pitching solutions. The selected startups will have the opportunity to present their innovative solutions at BTS2024.

    Strategic Roundtables with GCCs, investors, startup ecosystem, Beyond Bengaluru and more will be held to create a roadmap for Karnataka’s continued leadership

    The International Exhibition with over 700 Exhibitors at BTS2024 will be a major highlight with focused pavilions on Corporate & Industry, Global Innovation Alliance, Startup Zone, STPI National Showcase, MSME Pavilion, R&D Pavilion (Lab to Market), Leading States of India, Karnataka Showcase and Technology Parks. This year there is a special emphasis on the sectorial pavilions such as Biotech & Healthtech, Electro & Semicon, Telecom, Spacetech, Mobility, Greentech, Edutech, BFSI & Fintech, and Animation & Gaming.

    BTS 2024 will honor achievement and excellence at a prestigious Awards Ceremony, featuring accolades such as the STPI IT Export Awards, Smart Bio Awards, Startup & Investor Awards, and more.

    This edition marks a milestone for one of its key show elements- the TCS Rural IT Quiz– as it celebrates its silver jubilee. The Finale of the BioQuiz will also be held during the event. These national-level quiz competitions are aimed at creating a talent pool in IT and Biotech Sectors. Another initiative, the Bio Posters- Walkway of Discovery, provides a platform for research students and graduates to showcase their innovative concepts and ideas, fostering recognition of young talent.

    Shri Priyank Kharge, Hon’ble Minister for Information Technology & Biotechnology and RDPR, Government of Karnataka said, “Karnataka serves as the headquarters for major tech giants, GCCs, and leading unicorns. This success stems not only from the State’s industry-friendly policies and programs but also from our active engagement and collaboration with the complete tech ecosystem. We also deeply value our close association with Global Innovation Alliance Partners and with them, BTS attracts the world’s foremost leaders, innovators, and disruptors, drawing over 50,000 tech enthusiasts from India and more than 40 nations.”

    BTS 2024 anticipates hosting several international delegates from Global Innovation Alliance Partner Nations. The Global Collaborations Track in the Conference will feature sessions curated by these GIA Partner Countries. Tech nations worldwide will showcase their technological prowess in the International pavilion of the Exhibition.

    BTS 2024 is expected to have participation from 40+ Countries, with 460+ Speakers in over 85 Sessions, 5000+ Delegates, 500+ start-ups, and 700+ Exhibitors,  with an overall expo footfall of 50,000+.

    The Press Conference was also addressed by Dr. Ekroop Caur, IAS, Secretary to Government, Department of E, IT, Bt and S&T, Govt. of Karnataka; Shri B.V. Naidu, Chairman, Karnataka Digital Economy Mission; Shri Shailendra Tyagi, Director, Software Technology Parks of India- Bengaluru, Shri Darshan H.V, IAS, Director, Dept. of E, IT, Bt and Managing Director, KITS, Govt. of Karnataka and Ms. Ruchi Bindal, IAS, Deputy Secretary, Dept. of E, IT, Bt, and S&T, Govt. of Karnataka.

  • Ramen Festival at Eight Asian Restrobar Wakad Phoenix Mall

    From Korea to Your Bowl: Ramen Festival at Eight Asian Restrobar Wakad Phoenix MallPune, India 13rd 2024:  This monsoon season, immerse yourself in the comforting warmth of a steaming bowl of delicious ramen as raindrops dance on your windowpane. Let the rich aroma of flavorful broth, tender noodles, and delightful toppings envelop your senses. Each spoonful offers a fusion of textures and tastes, from silky noodles to succulent meats and crisp vegetables.

    Experience the culinary extravaganza of the Wonders of Ramen Festival at Eight Asian Restrobar, nestled in the heart of Wakad Phoenix Mall. From July 8th to August 8th, 2024, embark on a delightful journey through Korean ramen and more. Whether you prefer vegetarian or non-vegetarian delights, our diverse menu promises to tantalize every palate. Join us for this exclusive event and discover the essence of ramen like never before!

    Indulge in Robust Flavors

    Non-Vegetarian Highlights:

    ● Spicy Korean Chicken Ramen: Tender chicken infused with bold Korean spices.

    ● Spicy Rayu Chicken Ramen: Fusion of Japanese rayu and succulent chicken.

    ● CHA SHU Pork Ramen: Melt-in-your-mouth pork in a savory broth.

    ● Korean Seafood Ramen: Fresh seafood in a spicy Korean-inspired broth.

    Vegetarian Delights:

    ● Spicy Veg Korean Ramen: Classic Korean flavors with a medley of fresh vegetables.

    ● Veg Miso Ramen: Soul-soothing miso broth with wholesome veggies.

    ● Exotic Mushroom Kinoko Ramen: Variety of mushrooms in a delicate, flavorful broth.

    Join us at Eight Asian Restrobar to savor these exquisite ramen dishes meticulously crafted by our skilled chefs. Whether you’re a ramen aficionado or an adventurous foodie, the Wonders of Ramen Festival promises a culinary journey you won’t forget.

    Come and indulge with us at Eight Asian Restrobar and discover the artistry of ramen!

    Where: Eight Asian Restrobar, Wakad Phoenix Mall of the Millennium, Pune
    Date: 8th July to 8th August 2024


    Mansi Praharaj

  • India’s Push For Homegrown Credit Rating Agencies Highlighted At CareEdge Ratings Conference 2024″


    CareEdge Ratings event

    PUNE: In a thought-provoking event hosted by CareEdge Ratings, key industry leaders and experts gathered to discuss the importance of promoting homegrown credit rating agencies in India. The conference, titled “Conversations 2024”, saw Shri Amitabh Kant, G20 Sherpa and Former CEO of Niti Aayog, Government of India, emphasize the critical role of appropriate sovereign credit ratings in driving economic growth in emerging economies.

    Mr. Kant highlighted the need for global credit rating agencies to address biases and lack of transparency in assessing countries like India. He called for a more objective approach to evaluating economic fundamentals, stressing that developing countries should not be unfairly labeled as risky investments based on subjective assessments.

    The event also featured insightful discussions on global capital flow and risk in changing world order, with experts emphasizing the importance of transparent and professional credit rating agencies in today’s complex financial landscape. Mr. Mehul Pandya, MD & Group CEO of CareEdge Ratings, underscored the need for a transparent assessment methodology to support the growth potential of emerging economies.

    Mehul Pandya, MD & Group CEO of CareEdge Ratings said “The panel discussion addresses the context of global capital flow, growth drivers, and challenges with the perspective of the impact of sovereign rating. The debt levels of advanced economies and emerging economies are indeed different. The growth potential of emerging economies and the investment it necessitates need to be looked at in the sovereign ratings methodology. These aspects need to be addressed transparently. We believe, that both the assessor need to be transparent so that the entity being assessed knows about the methodology and how it’s being done.”

    Shri Babasaheb Neelkanth Kalyani, Chairman of Kalyani Group, echoed Mr. Kant’s sentiments on India’s growth potential, emphasizing the importance of focusing on manufacturing to drive economic expansion. Shri Gulshan Malik, Deputy Managing Director of State Bank of India, highlighted the banking sector’s readiness to support India’s next phase of growth.

    Overall, the CareEdge Ratings conference shed light on the crucial role of credit rating agencies in shaping India’s economic future and the need for international cooperation to ensure fair and transparent assessments. As India strives to become a developed country by 2047, the push for homegrown credit rating agencies is more important than ever.

  • Need sops for EV push: SIAM

    New Delhi: Auto industry body SIAM on Friday sought sops to promote EVs and suggested the government to bring in additional incentives for scrapping of vehicles in the upcoming Budget.

    The Society of Indian Automobile Manufacturers emphasised on a growth oriented Budget with focus on greater allocation for capital expenditure.

    “We are expecting that the government should come up with a FAME-3 like policy. Good schemes like PLI are already in place, which we are sure will continue,” SIAM President Vinod Aggarwal told reporters here.

  • The National Conference on School Leadership

    The National Conference on School Leadership

    Nashville, TN, July 13, 2024 — Givebacks, the industry standard in K-12 payments and giving technology, and Aura, the all-in-one online safety solution for individuals and families, are launching Digital Parenthood: Home Base, a program aimed at equipping parents with essential tools to raise confident and safe connected kids.

    Earlier this year, the Los Angeles school board approved a cellphone ban all day on campus, and the U.S. surgeon general called for a warning on social media platforms, advising parents that they can damage teenagers’ mental health.

    “As a father of four, I love the way technology creates opportunities for my kids to connect and learn, but it comes with its own set of risks that, as a parent, can be overwhelming,” said Hari Ravichandran, Aura Founder and CEO. “I found myself looking for resources that could help me and my family find balance in our connected lives, but I couldn’t find it. So, we got to work building it.”

    In today’s rapidly evolving digital landscape, parenting comes with unique challenges. Recognizing this, Givebacks and Aura have joined forces to help parents navigate digital parenthood with tools, training and resources that can be implemented right away.

    The primary objective of this partnership is to empower parents of K-12 school-aged children with the knowledge and resources they need to support their kids’ healthy use of technology. The comprehensive training program will cover crucial topics such as online safety, digital literacy and fostering healthy digital habits.

    “Our collaboration with Aura is a natural fit as we continue our commitment to supporting school communities and their families,” said Bob Costa, Co-founder & President of Givebacks. “Together, we can provide parents with the tools they need to safely guide their children through the complexities of the digital age.”

    Digital Parenthood: Home Base not only provides vital support to parents but also underscores both organizations’ dedication to cultivating a safer and more confident generation of digital natives. K-12 school and PTA leaders are encouraged to nominate a Digital Safety Officer to participate in the “train the trainer” style program, enabling them to return to their “home base” to host training sessions with local parents about navigating their kids’ digital safety. There will also be three regional events across the U.S. that will take place in the first half of 2025.

  • Phoenix Aviation Capital and AIP Capital Announce Agreement

    DUBLIN and STAMFORD, Conn., July 12, 2024  — Phoenix Aviation Capital (“Phoenix”), a full-service aircraft lessor, and AIP Capital (“AIP”), a global aviation asset management and investment firm, today announced an agreement to acquire a portfolio of ten LEAP-1B engines from CFM International*.

    AIP Capital Logo

    The agreement demonstrates the strong relationship between the parties and CFM and will support the lessor’s growth and mission of meeting the fleet and financing needs of its global airline customers. The state-of-the-art LEAP-1B engines are scheduled to be delivered between Q3 and Q4 2024.

    Phoenix is managed exclusively by AIP and benefits from AIP’s extensive experience in aviation and leadership. Mathew Adamo, Managing Partner at AIP, who serves on Phoenix’s Board commented, “This order reflects a milestone in both AIP Capital’s and Phoenix’s growth strategy. We are excited to further expand our relationship with CFM and recognize the reliability, fuel efficiency, and performance of the LEAP engine family.”

    “We are proud to deepen our relationship with Phoenix Aviation Capital,” said Gaël Méheust, president and CEO of CFM International. “This agreement bolsters our shared mission to reduce aviation’s environmental impact and to lower operational costs for airlines through advanced technology and exceptional service and support.”

    The agreement bolsters Phoenix’s portfolio which is comprised of new generation aircraft on long-term leases to a diversified customer base of airlines across the globe. Additionally, Phoenix has an orderbook of 30 737 MAX 8 aircraft with Boeing.


    Mansi Praharaj

  • Ecosystem at risk: what if sharks disappeared?

    Imagine a world where sharks quietly vanish from our oceans. Without these apex predators, marine ecosystems would face profound and unexpected challenges. Once vibrant coral reefs, now burdened by unchecked prey populations, would struggle to maintain their delicate balance. Coastal communities, reliant on sharks for thriving fisheries, would feel the economic and ecological ripple effects of their absence. The disappearance of sharks would not only reshape marine life but also redefine our fundamental connection with the sea.

    As we reflect on the potential consequences of a world without sharks, July 14 marks Shark Awareness Day. This day is a crucial reminder of sharks’ vital role in ocean ecosystems and the urgent need for their conservation. Many shark species are endangered due to overfishing, habitat loss, and climate change.

    Both individuals and companies contribute to shark conservation

    The Shark Trust, a leading charity dedicated to safeguarding the future of sharks through science, education, influence, and action, is supported by both individuals and companies in their conservation efforts. Shocking as it may be, tens of millions of sharks are killed annually. The primary threat to shark populations is unsustainable and poorly managed fisheries. In response to this crisis, the cybersecurity company Surfshark, which proudly bears the shark name, has formed a special partnership with the Shark Trust. Through advocacy, education, and initiatives aimed at raising awareness, Surfshark is committed to fostering a deeper appreciation for sharks and highlighting their critical importance to the health of our seas.

    “We’re always looking for ways to expand our impact. Partnering with businesses that share our commitment to shark conservation provides a powerful platform to raise public awareness and support vital shark conservation efforts. Surfshark is collaborating with Shark Trust for the second year in a row, promoting shark conservation initiatives across various social media platforms on Shark Awareness Day,” stated Paul Cox, CEO of Shark Trust.

    Gabriele Dackaite, Surfshark’s ESG specialist, emphasizes the company’s commitment: “Carrying the shark name comes with a profound responsibility to protect these incredible creatures. We believe that every action counts, from raising awareness to fostering collaboration and contributing to sharks’ continued thriving in our oceans. Our commitment to shark conservation is not just a responsibility but also a genuine interest in improving the health of our marine ecosystems, which depend on the survival of these majestic animals.”

    Ensuring sharks’ future

    As Shark Awareness Day is celebrated, decisive action must be taken to protect these ocean guardians. Individuals can sign the Big Shark pledge to contribute to conservation efforts and raise awareness about sharks’ importance. By working together, sharks’ continued thriving can be ensured, maintaining the natural harmony of the underwater world for generations to come.


    Neel Achary

  • Sunteck Realty Ltd Reports Strong Operational Performance in Q1 FY25 with Pre-Sales and Collections on the Rise


    Sunteck Realty Ltd

    MUMBAI: Sunteck Realty Ltd has disclosed its key operational updates for the first quarter of the financial year 2025, showcasing impressive growth in pre-sales and collections. According to the report, pre-sales for Q1 FY25 stood at approximately Rs 502 crores, marking a significant 29.7% increase compared to the same period last year. Similarly, collections for the quarter amounted to around Rs 342 crores, reflecting a notable 18.8% growth year-on-year.

    The performance summary provided by Sunteck Realty Ltd further highlights the positive trend, with pre-sales and collections figures for Q1 FY25 surpassing those of the previous quarter and the entire fiscal year 2024. Sunteck Realty Ltd emphasized that the disclosed numbers are provisional and subject to change.

    Sunteck Realty Ltd’s strong operational performance in Q1 FY25 signals a promising start to the financial year, indicating potential growth and stability in the coming months. Investors and stakeholders are likely to view these results positively, as Sunteck Realty Ltd continues to demonstrate resilience and efficiency in its operations.

  • India’s CPI inflation edges up to 5.08 pc in June

    India's inflation rate 5.6% higher than most other nations: Bank of Baroda

    IANS

    India’s consumer price inflation edged up to 5.08 per cent in June this year compared to the same month of the previous year as high prices of vegetables and pulses pushed up food inflation during the month, figures released by the Ministry of Statistics on Friday showed.

    Vegetable prices shot up by as much as 29.32 per cent during the month as the scorching heat wave in the northern states hit production, while the prices of pulses rose by 16.07 per cent during the month.

    The prices of cereals also increased by 8.65 per cent during the month.

    Inflation had eased to a 12-month low of 4.75 per cent in May after having come down to 4.83 per cent in April, which was an 11-month low. The June figures mark a break from the declining trend that had set in during recent months.

    Asian markets fall sharply on likely US Fed action to rein inflation

    However, the declining trend in cooking oil prices continued in June with a 2.68 per cent fall during the month. The price rise in spices slowed to 2.06 per cent from 4.27 per cent in May.

    Food inflation, which accounts for nearly half of the overall consumer price basket, rose 8.36 per cent compared to 7.87 per cent in May.

    The RBI has fixed a mid-term target of 4 per cent for retail inflation before it goes in for a cut in interest rates to rev up growth.

    RBI Governor Shaktikanta Das said on Thursday that it is too early to talk on the interest rate cut due to uncertain economic environment and inflation remaining close to 5 per cent.

    “The overall economic environment globally and in India is so uncertain to talk in terms of an interest rate cut. The CPI headline inflation continues to be close to 5 per cent and according to surveys done it is expected to close 5 per cent and I think it is too early to talk about the interest rate cut,” the Governor said.

    The RBI is keen to keep inflation under control to ensure growth with stability and held the repo rate steady at 6.5 per cent for the eighth consecutive time in a row in its bi-monthly monetary policy earlier this month.

    While the RBI has raised its projected GDP growth estimate to 7.2 per cent for 2024-25 from 7 per cent earlier, it has kept its projection for retail inflation at 4.5 per cent.

    With inputs from IANS

     

  • Planet Smart City Hosts Planet Water Meet 2024 In Pune


    Planet Water Meet 2024

    PUNE: Planet Smart City a leading global player in the affordable housing market integrating Proptech and ESG-compliant solutions recently organized the Planet Water Meet 2024 in Pune. This significant event brought together facility managers from various housing societies across Pune to address pressing issues related to water and energy management.

    The primary objective of the meeting was to foster a collaborative environment where facility managers and Planet Smart City’s sustainability experts could discuss the prevailing water and electricity challenges faced by Pune’s residential communities. Pune, like many other rapidly growing urban centers, grapples with the twin problems of water scarcity and inefficient electricity usage. These issues not only affect the quality of life for residents but also pose a threat to sustainable urban development.

    Planet Smart City showcased its innovative technology solutions designed to alleviate these concerns. The company’s approach integrates smart technology, data analysis, and community engagement to create more efficient and sustainable urban environments. During the meeting, representatives from Planet Smart City presented solutions and success stories from other housing societies, highlighting the positive impact of their solutions on water and energy conservation.

    One of the key technologies discussed was Planet Smart City’s smart water management system. This system uses real-time data to monitor water usage, detect leaks, and optimize water distribution across housing societies. By providing accurate and timely information, it enables facility managers to make informed decisions and reduce water wastage significantly.

    The Planet Water Meet 2024 also featured interactive sessions where facility managers shared their experiences and challenges. This exchange of knowledge and ideas was invaluable in understanding the unique needs of different housing societies and tailoring solutions accordingly.

    Mukund Deogaonkar, Director, of Planet Smart City India, emphasized the importance of this initiative, stating, “Planet Smart City has successfully managed over 200 crore liters of water through our smart water management systems in India. Through this Facility Managers Meet, we aim to educate and understand the real problems faced by society managers in managing and conserving water and energy. Our goal is to empower them with the knowledge and tools needed to address water and electricity challenges effectively. We plan to replicate this event in other micro-markets in Pune which will help us spread awareness about water & energy management effectively throughout Pune.“

    Planet Smart City remains committed to driving sustainable urban development and improving the quality of life for residents through innovative technology and community-focused solutions.