Tag: finance

  • Collinson Further Strengthens India and South Asia Leadership Team with Saurabh Malhotra named Director Partnerships, South Asia and Indochina

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • OTO partners with Northern Arc Capital to enhance two-wheeler financing for their customers

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • Servotech Inks Pact with National Solar Energy Federation of India (NSEFI) to Install Solar-Powered EV-Charging Carport

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • Audi India bolsters Audi Club Rewards program – onboards 150+ partners on myAudi Connect App

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • 84% of MSME believe digitisation will lead to better cross-border logistics management: Freightwalla Survey

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • WWE Superstar Drew McIntyre along with movie stars Karthi and John Abraham save the day

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • KUTUMB – Project by Naiknavre Developers

    Chinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs MinistryChinese companies operating in India need to follow the law of the land, the Ministry of External Affairs said on Thursday, a day after China reacted to the ongoing probe into alleged irregularities by Chinese smartphone maker Vivo. External Affairs Ministry

  • Jidoka Technologies Launches Kompass 3.0, the next-gen visual inspection solution for the manufacturing sector

    Chennai, 14 December 2022: Jidoka Technologies, among the pioneers in the field of automated cognitive inspection for manufacturing, has recently launched Kompass 3.0, a next-gen AI-enabled visual inspection solution. The updated platform is a result of Jidoka further strengthening its technological innovation capabilities. This latest version of the solution has made the organization rapidly respond to changes in the market and customer requirements, thereby giving customers the much-needed competitive edge.

    Describing the new version, Dr. Krishna Iyengar CTO and Co-founder, of Jidoka Technologies, said, “Kompass 3.0’s core product has made significant advancements in three areas – Realtime Insights into quality, New solution accelerators, and Time to go live, speed and robustness. The robustness of inspection has increased to 4,200 parts per minute from the earlier 500 parts per minute. For very complex systems where there is a need to augment human decision-making, the human-in-the-loop AI approach is taken that brings together human intelligence and AI for the creation of machine learning models.”

    Key features of Kompass 3.0 include,

    Advanced Dashboard to give real-time insights into quality in the production, logistics, and print workflows.

    Vertical Solutions such as Print Inspection Accelerator and Logistics Applications Accelerator have been added to the core product. This enables warehouses to ensure accuracy and quality in inbound and outbound processes. Similarly, in print inspections, validation of dynamically changing print data is done at speeds of up to 3600 items per minute.

    Anomaly-based decision systems provide an opportunity for companies that are establishing new products or lines where very little is known about defects to leverage the AI capability of inspection. This is in addition to the object detection and classification models that are available.

    In addition, it gives customers the ability to write custom code modules to enhance the effectiveness of the solution while providing flexibility without losing robustness.

    During the launch of Kompass 3.0, Sekar Udayamurthy, CEO and Co-founder, Jidoka Technologies, said, “Since our first launch of the solution in 2018, we are continuously upgrading the Kompass Platform. Today, this latest version of the platform provides new as well as existing customers with a more powerful visual inspection system that caters to the changes in business and quality requirements of the manufacturing industry.” He further added, “This latest version helps with traceability, real-time insights, and human-in-the-loop decision-making, giving customers control to balance quality and throughput and other benefits such as robustness, speed, and being more hardware agnostic. This development was possible because of our team’s constant endeavor to develop future-ready solutions.”

    Jidoka Technologies’ patented software platform, Kompass is an AI-powered defect detection and analytical software. It enables manufacturing companies to detect defects visually in real-time. It provides a turnkey solution that seamlessly fits into the production line delivering up to 4200 inferences per minute. Several leading automotive, FMCG, and Pharma organizations are already leveraging the power of the solution and enhancing their output efficiency.

    Customers in the manufacturing industry can now deploy and manage the solution without a higher level of technical expertise and skills. The software can integrate with MES and ERP systems and provide an operational report for day-to-day management. It can increase throughput, speed of inspection, and defect accuracy. The solution reduces excess wastage, provides insights into process threads, and brings down fatigue and stress levels of the Quality Control Teams. It can help the Subject Matter Experts in upskilling themselves by taking their focus away from mundane quality checks to a continuous recalibration of defects. Visual Inspection resources and Human Resources Costs can be reduced significantly too. The manufacturers realize their investments in less than 12 to 24 months while upgrading to a more streamlined quality check process.

    Jidoka’s R & D team is also working on developing next-generation technology that includes Self-Learning. For products with high variety and frequent design changes, this technology will be in demand. This next-gen AI Tech will deliver anomaly detection for unknown and unseen defects. Here AI “understands” what normal looks like and “imagines” it where the input image is “healed” to represent the “OK” component.

    Jidoka solutions deliver greater than 98 percent accuracy in defect detection in the QC process with a significant increase in throughput by 33% and a decrease in false positives by as much as 30-40%. A 20% increase in the speed of inspection, with 5-8% further accurate detections, is made possible with the solution.

  • Vedanta Aluminium Unveils ‘Accelerating to Net Zero’, its Sustainable Development Report for FY2022


    Also launches its maiden report on climate change, aligned to Taskforce for Climate-related Financial Disclosures (TCFD), on National Energy Conservation Day

    New Delhi; December 2022: Vedanta Aluminium, India’s largest producer of aluminium, unveils its Sustainable Development (SD) Report for FY 2021-22, titled ‘Accelerating to Net Zero’, on National Energy Conservation Day. The report encapsulates the company’s performance across key dimensions of sustainability, such as economic performance, supply chain management, climate change & energy management, air quality & emissions control, water management, biodiversity management, waste to wealth, safety, health & wellbeing, people excellence, community welfare, etc.

    Vedanta Aluminium has also launched its maiden report on climate change, titled ‘Road to Net Zero Carbon’, aligned to the Taskforce for Climate-related Financial Disclosures or the TCFD framework. Through the report, the company aims to inform its stakeholders about business-related opportunities, climate management strategies, commitment and performance, in the context of climate change. Both reports can be accessed on the company’s website: https://vedantaaluminium.com/sustainability/sustainability-report/

    Launching the reports, Mr Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd. said, “We are pleased to launch the Sustainable Development Report and TCFD Report of Vedanta Aluminium for FY 2021-22, both of which highlight the progress in our climate action endeavours. We are on a mission to align incentives of growth with imperatives for the planet. Our determination to build a Net Zero climate-resilient aluminium business is equally matched by our commitment to improve the quality of lives of those around us, with the knowledge that both are contingent on the environment. And therefore, we have redesigned our ESG (Environmental, Social & Governance) roadmap with 2030 and 2050 milestone targets, with a focus on increasing renewable energy consumption, carbon reduction, water conservation and waste utilization.”

    Highlights of Vedanta Aluminium’s SD and TCFD Reports:

    Historical highest production of 2.27 million tonnes of aluminium, an increase of 15% from the previous year
    GHG emission intensity (Scope 1 + Scope 2) reduced from 19.3 tCO2e/MT to 17.6 tCO2e/MT over the same time, which is the lowest amongst primary aluminium producers in India
    Launched first low carbon ‘green’ aluminium from India, branded Restora
    India’s largest industrial consumer of renewable energy at 3 Billion Units
    Signed Power Delivery Agreement for 380 MW of renewable power supply to our aluminium smelters
    Reduced GHG emissions intensity by 24% in FY 2022, from 2012 baseline
    Commissioned India’s largest fleet of lithium-ion battery powered EV forklifts
    Ranked 4th in Dow Jones Sustainability Index world rankings for the aluminium industry
    Conserved more than 827 million litres of water in the year
    Partnered with TUV SUD for turning aluminium operations water positive
    Interlinked climate-related business performance with management remuneration by way of ESG targets to encourage a cultural shift in approach towards sustainability
    Positively impacted the lives of 0.38 million women & children through impactful social interventions

    Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.27 million tonnes in FY22. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 4th in the Dow Jones Sustainability Index (DJSI) 2021 world rankings for aluminium industry, a reflection of its sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.

    Pic Source: archetype

  • PayNearby celebrates Retailers’ Day with Nayi Uunchai Ki Zidd campaign


    Mumbai, December 2022: As a token of gratitude for the relentless contribution of the retailers in India’s growth story, PayNearby, India’s leading branchless banking and digital network, celebrated ‘Retail Employees’ Day’ on the 12th of December, 2022. With its ‘Pehchaan ID’ and ‘Nayi Uunchai Ki Zidd’ campaigns, the company looks to recognize, acknowledge and applaud the efforts of every neighborhood retailer in the country.

    Retail Employees’ Day aims at creating awareness and empathy for the substantial role and value retailers add to the daily lives of their customers by offering convenience. And, in sync with the spirit of this day, is PayNearby’s ‘Pehchaan ID’ campaign. Designed to appreciate their efforts, the campaign aims to help PayNearby’s 50+ lakh retailers give their businesses a digital identity. This digital ID will highlight the service the merchants deliver, such as banking, insurance, travel, etc., and also gives them a star basis the number for years they are offering this service.

    Pehchaan ID is a stamp of trust which gives retailers the motivation to continue their dedication and replicate their best practices for sustainable development across Bharat. Retailers can use this ID to inform new and existing customers about the services they offer and thus, grow their businesses. This ID can also be shared with customers via various social media platforms like WhatsApp, Telegram, Facebook and more.

    Retailers are the last mile champions who have risen above the odds to create positive and social impact through their outstanding endeavors in ensuring the upliftment of their areas. It is the perseverance and persistence of these retailers that is bringing Bharat into the formal financial fold and contributing to an equitable economic growth. Reflecting this is the ‘Nayi Uunchai Ki Zidd’ campaign.

    The ‘Nayi Uunchai Ki Zidd’ campaign is a montage of how retailers have taken up additional services at their stores to serve their customers better and bring scalable and sustainable social change in their catchments. It highlights how retailers are enabling services like cash withdrawal, remittance, PAN card issuance, customer savings account, insurance, bill payment & recharges and many more through their stores. Thanks to this, anyone can avail essential banking services at a nearby store without requiring to travel long distances to reach a financial institution or an ATM.

    Speaking on the campaign, Jayatri Dasgupta, Chief Marketing Officer, PayNearby, said, “At PayNearby, we are committed to creating an inclusive society and a strong nation. For this to happen, our retailers need to be empowered so that they have all tools necessary to build the nation ground-up. They are the ones who are defining and shaping the local communities and are holding the economic fabric of this country together. ‘Pehchaan ID is a symbol of trust for our heroes who are serving the country with their never-ending ‘Nayi Uunchai Ki Zidd’. They are the ones who are inspiring the transformation in financial behavior at the last mile. We acknowledge the hard work our retail partners are putting in to go beyond the call of duty to make India a progressive nation.”

    Speaking on the occasion, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, “Retail employees consistently cater to the needs of millions of customers every year, and that too, with a smile. This Retailers’ Day, we are celebrating those who are setting an example and helping the nation stay future-forward and inclusive. Our campaign salutes the retailers who are contributing to the “One Nation, One Service” ideology. We are grateful to be associated with these changemakers. Zidd Aage Badhne Ki.”

    Pic Source – Adfactors PR