ZF Group (ZF) continues to hold a solid majority in ZF Commercial Vehicle Control Systems India Limited (ZF CVCS India)
7.5 percent stake sold to institutional investors, to increase ZF Group’s flexibility for its growth
ZF CV India stock has seen a strong performance for the last years
CHENNAI: The world’s 3rd largest automotive supplier has sold 1,425,000 shares, equalling a 7.5 percent stake, in its listed Indian subsidiary, ZF CVCS India, to increase liquidity and financial flexibility for its growth plans.
The sale of shares does not affect ZF’s control of ZF CVCS India, as it is the long-term strategy of ZF to maintain a solid majority shareholding in the entity. ZF CVCS India is the market leader in the Indian CV supplier industry and remains an important pillar in ZF´s global growth strategy.
On the back of a supportive market environment in India, ZF CVCS India has shown strong operating and financial performance.
The transaction will strengthen the financial flexibility of ZF, allowing it to invest in its further growth, and in the dynamically developing Indian market.
IIT Kanpur Successfully Conducts Training Program on 5G/5G+ Standards and Indigenous 5G Network for DoT Officers
KANPUR: The Indian Institute of Technology Kanpur (IITK), a leading institute in the field of telecommunications, recently hosted a highly successful three-day training program on “Design and Development of 5G/5G+ Standards and Indigenous 5G Network” for officers from the Department of Telecommunications (DoT), Government of India. The program, organized in collaboration with NTIPRIT and TEC, DoT, provided a comprehensive overview of 5G technology and its future advancements, with a special focus on India’s Indigenous 5G network development.
The training program was spearheaded by Prof. Rohit Budhiraja from the Department of Electrical Engineering, IIT Kanpur, whose research group has played a pivotal role in developing India’s first indigenous 5G network, currently deployed on the institute’s campus. This advanced technology has been successfully transferred to the TATA-Tejas network and the Centre for Development of Telematics (C-DOT).
Over the three days, participants gained in-depth insights into the 5G physical layer, network architecture, and the intricate layers through which data is transmitted from the base station to user equipment. The program delved into the nuances of establishing a 5G network connection, coding, modulation, rate matching, and multiple antenna technologies.
A significant portion of the training focused on the emerging 5G+ standard, encompassing technologies such as Ambient IoT, AI/ML applications, and high-accuracy positioning systems. Participants were introduced to the inner workings of the 3GPP standardization body and its working groups, cultivating a comprehensive understanding of the future of wireless communication.
Complementing the theoretical sessions, participants had the opportunity to visit the 5G lab at IIT Kanpur and conduct experiments on the live indigenous 5G network. This hands-on experience allowed them to witness the technology in action, observe variations in modulation and coding schemes, analyze data rates, and generate physical layer signals.
Prof. Rohit Budhiraja, the course organizer, said, “The training program provided a unique platform for DoT officers to gain first-hand knowledge of the Indigenous 5G technology developed at IIT Kanpur and the ongoing efforts towards shaping the 5G+ standard. We are confident that this experience will equip them with the necessary expertise to contribute to the advancement of telecommunications in India.“
The program witnessed active participation from esteemed members of the Electrical Engineering Department, including Prof. Ajit Kumar Chaturvedi, Mr. Shyam Vijay Gadhai, Mr. Jyotirmay Saini, Mr. Abhishek Kumar Singh, Mr. Abhishek Samundre, and Mr. Suman Malik, further enriching the learning experience for the attendees.
The successful completion of this training program showcases the strong partnership between IIT Kanpur and the Department of Telecommunications. This collaboration is playing a vital role in shaping India’s future in 5G and beyond.
IIT Kanpur Successfully Conducts Training Program on 5G/5G+ Standards and Indigenous 5G Network for DoT Officers
KANPUR: The Indian Institute of Technology Kanpur (IITK), a leading institute in the field of telecommunications, recently hosted a highly successful three-day training program on “Design and Development of 5G/5G+ Standards and Indigenous 5G Network” for officers from the Department of Telecommunications (DoT), Government of India. The program, organized in collaboration with NTIPRIT and TEC, DoT, provided a comprehensive overview of 5G technology and its future advancements, with a special focus on India’s Indigenous 5G network development.
The training program was spearheaded by Prof. Rohit Budhiraja from the Department of Electrical Engineering, IIT Kanpur, whose research group has played a pivotal role in developing India’s first indigenous 5G network, currently deployed on the institute’s campus. This advanced technology has been successfully transferred to the TATA-Tejas network and the Centre for Development of Telematics (C-DOT).
Over the three days, participants gained in-depth insights into the 5G physical layer, network architecture, and the intricate layers through which data is transmitted from the base station to user equipment. The program delved into the nuances of establishing a 5G network connection, coding, modulation, rate matching, and multiple antenna technologies.
A significant portion of the training focused on the emerging 5G+ standard, encompassing technologies such as Ambient IoT, AI/ML applications, and high-accuracy positioning systems. Participants were introduced to the inner workings of the 3GPP standardization body and its working groups, cultivating a comprehensive understanding of the future of wireless communication.
Complementing the theoretical sessions, participants had the opportunity to visit the 5G lab at IIT Kanpur and conduct experiments on the live indigenous 5G network. This hands-on experience allowed them to witness the technology in action, observe variations in modulation and coding schemes, analyze data rates, and generate physical layer signals.
Prof. Rohit Budhiraja, the course organizer, said, “The training program provided a unique platform for DoT officers to gain first-hand knowledge of the Indigenous 5G technology developed at IIT Kanpur and the ongoing efforts towards shaping the 5G+ standard. We are confident that this experience will equip them with the necessary expertise to contribute to the advancement of telecommunications in India.“
The program witnessed active participation from esteemed members of the Electrical Engineering Department, including Prof. Ajit Kumar Chaturvedi, Mr. Shyam Vijay Gadhai, Mr. Jyotirmay Saini, Mr. Abhishek Kumar Singh, Mr. Abhishek Samundre, and Mr. Suman Malik, further enriching the learning experience for the attendees.
The successful completion of this training program showcases the strong partnership between IIT Kanpur and the Department of Telecommunications. This collaboration is playing a vital role in shaping India’s future in 5G and beyond.
IIT Kanpur Successfully Conducts Training Program on 5G/5G+ Standards and Indigenous 5G Network for DoT Officers
KANPUR: The Indian Institute of Technology Kanpur (IITK), a leading institute in the field of telecommunications, recently hosted a highly successful three-day training program on “Design and Development of 5G/5G+ Standards and Indigenous 5G Network” for officers from the Department of Telecommunications (DoT), Government of India. The program, organized in collaboration with NTIPRIT and TEC, DoT, provided a comprehensive overview of 5G technology and its future advancements, with a special focus on India’s Indigenous 5G network development.
The training program was spearheaded by Prof. Rohit Budhiraja from the Department of Electrical Engineering, IIT Kanpur, whose research group has played a pivotal role in developing India’s first indigenous 5G network, currently deployed on the institute’s campus. This advanced technology has been successfully transferred to the TATA-Tejas network and the Centre for Development of Telematics (C-DOT).
Over the three days, participants gained in-depth insights into the 5G physical layer, network architecture, and the intricate layers through which data is transmitted from the base station to user equipment. The program delved into the nuances of establishing a 5G network connection, coding, modulation, rate matching, and multiple antenna technologies.
A significant portion of the training focused on the emerging 5G+ standard, encompassing technologies such as Ambient IoT, AI/ML applications, and high-accuracy positioning systems. Participants were introduced to the inner workings of the 3GPP standardization body and its working groups, cultivating a comprehensive understanding of the future of wireless communication.
Complementing the theoretical sessions, participants had the opportunity to visit the 5G lab at IIT Kanpur and conduct experiments on the live indigenous 5G network. This hands-on experience allowed them to witness the technology in action, observe variations in modulation and coding schemes, analyze data rates, and generate physical layer signals.
Prof. Rohit Budhiraja, the course organizer, said, “The training program provided a unique platform for DoT officers to gain first-hand knowledge of the Indigenous 5G technology developed at IIT Kanpur and the ongoing efforts towards shaping the 5G+ standard. We are confident that this experience will equip them with the necessary expertise to contribute to the advancement of telecommunications in India.“
The program witnessed active participation from esteemed members of the Electrical Engineering Department, including Prof. Ajit Kumar Chaturvedi, Mr. Shyam Vijay Gadhai, Mr. Jyotirmay Saini, Mr. Abhishek Kumar Singh, Mr. Abhishek Samundre, and Mr. Suman Malik, further enriching the learning experience for the attendees.
The successful completion of this training program showcases the strong partnership between IIT Kanpur and the Department of Telecommunications. This collaboration is playing a vital role in shaping India’s future in 5G and beyond.
Mumbai, twenty first June 2024: Sterlite Power, a worldwide energy transmission infrastructure developer and options supplier, has but once more been acknowledged by the celebrated Great Place to Work® India. Recognized as considered one of India’s Top 50 Great Mid-Size Workplaces, the corporate has additionally earned an accolade as Best in Industry: Energy, Oil & Gas along with lately being named as a Great Place to Work earlier this 12 months.
Commenting on the popularity, Pratik Agarwal, Managing Director, Sterlite Power, stated, “We are immensely proud to be acknowledged by the Great Place to Work® India, not simply as considered one of India’s Top 50 Great Mid-Size Workplaces, but in addition because the Best in Industry: Energy, Oil & Gas. This recognition is a testomony to our crew’s dedication to making a nurturing and inclusive work surroundings that values expertise and encourages development.”
“We are actually honored to obtain this recognition, which displays our ongoing efforts to create a office that nurtures expertise, promotes variety, and encourages private {and professional} development,” stated Ruhie Pande, Group-CHRO & Head of Marketing and Communications. “From progressive hiring practices to selling variety and inclusion, we’re devoted to creating an surroundings the place our workers thrive and contribute their greatest.”
In 2023, Sterlite Power was recognised as India’s Top 100 Great Mid-Sized Workplaces and in 2024 because the Great Place to Work as surveyed by the GPTW Institute. Sterlite Power’s inclusion on this esteemed group showcases the corporate’s dedication to fostering a optimistic, participating, and supportive work tradition.
8th Pay Commission: There is sweet news for authorities workers. The central authorities has acquired a proposal to kind the Eighth Pay Commission earlier than the full funds of 2024. It is anticipated that the authorities can begin discussions on this proposal earlier than the funds. 8th Pay Commission by this yr..
There is sweet news for authorities workers. The central authorities has acquired a proposal to kind the Eighth Pay Commission earlier than the full funds of 2024. The proposal of the 8th Pay Commission has been despatched to the Modi authorities. So that the Pay Commission can evaluate the fundamental salary, allowances, pension and different advantages for central authorities workers and pensioners. The funds will be offered at the finish of July. In such a scenario, it’s anticipated that the authorities can speak about the proposal of the 8th Pay Commission in the funds.
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Modi authorities acquired the proposal of 8th Pay Commission
Shiv Gopal Mishra, Secretary, National Council of Employees’ Side, Joint Consultative Machinery for Central Government Employees, has written a letter to the Cabinet Secretary, urging the authorities to present precedence to the formation of the 8th Pay Commission. A Central Pay Commission is constituted each 10 years. It examines the current salary structure, allowances and advantages of central authorities workers, suggests crucial adjustments based mostly on elements resembling inflation.
Government will represent 8th pay fee
The seventh Pay Commission was launched by former Prime Minister Manmohan Singh on 28 February 2014. Its suggestions got here into impact from 1 January 2016. This will be the first time a brand new pay fee will be constituted throughout the tenure of the Modi authorities. As per the standard ten-year interval, the 8th Central Pay Commission is proposed to start from 1 January 2026. However, the authorities has not but introduced its formal formation.
Also Read: Employees Salary Hike: Govt introduced to extend the salary of those workers – see particulars
Hopes tied to return for the third time
With the Lok Sabha elections 2024 over and Prime Minister Narendra Modi returning for the third consecutive time period, over 1 crore central authorities workers are ready for an replace on the 8th Central Pay Commission. Mishra mentioned that whereas inflation was round 4% to 7% earlier, it has elevated to a median of 5.5% after Covid. Mishra mentioned that post-Covid inflation is larger than pre-Covid ranges. If we examine the retail costs of important commodities and objects wanted for day by day life from 2016 to 2023, they’ve elevated by greater than 80% in line with the native market. Only about 46% of dearness allowance was given until 1/7/2023. It is at present at 50 %.
Will this be the salary structure?
Mishra has really useful periodic evaluate of the pay matrix as an alternative of ready for a decade. Now there’s a want to alter the pay fee in view of inflation. Mishra highlighted that whereas DA for authorities workers and pensioners reached 50% from January 1, 2024, no resolution has been taken to revive pension below CCS (Pension) Rules, 1972 (now 2021) for these recruited after January 1, 2004. The salary structure of the 8th Pay Commission can be to be mentioned.
Chennai, June 20, 2024: A new report launched in the present day by the Sapien Labs Centre for Human Brain and Mind at Krea University, India, sheds mild on the intricate relationship between household dynamics and psychological well-being amongst younger adults in India. Findings present that nearer relationships with household members are related to greater ranges of psychological well-being, together with improved social self and cognitive functioning.
Overall, youthful generations reported decrease ranges of household closeness in comparison with older generations. Strikingly, the downward pattern in household closeness with youthful age was way more dramatic in these responding in English, who had greater earnings ranges on common, in comparison with these responding in Hindi, who had decrease earnings ranges. Correspondingly, younger adults who had been Hindi-speaking additionally reported considerably higher psychological well-being in comparison with their wealthier English-speaking counterparts. Altogether, younger adults with a household earnings of 1 lakh or much less however with shut household relationships had higher psychological well-being than these with a household earnings of 10 lakhs or extra who weren’t near their household.
“While growing earnings ranges is essential, our findings spotlight that household closeness performs an out-sized function in contributing to psychological wellbeing among the many youth. The variations between language teams level to a generational decline in household closeness that could be cultural in nature and to the potential damaging penalties of buying and selling off household closeness for earnings. Acknowledging and understanding the doable function of tradition (language) and the atmosphere on the energy of household relationships could also be key to totally leveraging the potential of India’s youthful technology.” – Dr. Shailender Swaminathan, Director, Sapien Labs Centre for Human Brain and Mind, India.
Together with the Centre’s earlier analysis, the report factors to the necessity to perceive contributing threat components for psychological well being, which may inform preventive methods that may be adopted by mother and father, faculties and policymakers.
The report attracts on knowledge from the Global Mind Project, and is predicated on knowledge from 62,832 respondents throughout 36 states and Union Territories collected between January 2022 and August 2023.
The Sapien Labs Centre for the Human Brain and Mind in India is a collaboration between Sapien Labs (USA) and Krea University, with an goal to pursue analysis and studying associated to the human mind and thoughts. The Centre plans to increase this important work past English-speaking contributors from India, to incorporate different language teams. Subsequent work will look at the function of different threat components akin to processed meals consumption, train and household relationships on the psychological well-being of adolescents and youth, along with smartphone entry and use.
In a big improvement for India’s electrical car (EV) business, Ola Electric, beneath the management of Bhavish Aggarwal, has secured approval from the Securities and Exchange Board of India (SEBI) for its preliminary public providing (IPO). This occasion, which transpired on June 20, 2024, is a milestone because it represents the primary IPO by an EV startup in India.
The public situation from Ola Electric features a contemporary situation of Rs 5,500 crore and an offer-for-sale (OFS) of 9.51 crore fairness shares, as outlined within the draft crimson herring prospectus. The OFS will witness Aggarwal parting with 4.7 crore fairness shares, whereas the promoter group, Indus Trust, will promote 41.78 lakh shares.
This transfer follows the EV startup’s submitting of draft IPO papers with SEBI in December 2023, with the intention to boost as a lot as Rs 5,500 crore. This sum included a pre-IPO placement of Rs 1,100 crore.
Strategic Allocation of IPO Proceeds
The funds garnered via this IPO might be directed in the direction of numerous strategic initiatives geared toward fortifying the corporate’s place within the EV market. As per the draft papers, a considerable portion of the proceeds, amounting to Rs 1,226.4 crore, might be allotted for the capital expenditure of its subsidiary. An extra Rs 800 crore might be put aside for debt reimbursement.
Ola Electric plans to speculate Rs 1,600 crore in analysis and product improvement, a transfer that may probably propel the corporate’s innovation efforts, enabling it to ship state-of-the-art EV options that cater to the evolving wants of customers.
Furthermore, the corporate will earmark Rs 350 crore for natural development initiatives. This allocation underscores Ola Electric’s dedication to sustainable development, which is more likely to be achieved via a mix of strategic partnerships, market enlargement, and product diversification.
Ola ElectricIANS
Impressive Market Performance and Product Portfolio
Ola Electric’s strategic initiatives appear to be yielding outcomes, as evidenced by its spectacular market efficiency. In May 2024, the corporate captured a whopping 49 per cent market share within the electrical two-wheeler (2W) section, with 37,191 registrations. This success might be attributed to its S1 scooter portfolio, which has been well-received by customers.
The S1 X portfolio, specifically, has been a game-changer for Ola Electric. Available in three battery configurations (2 kWh, 3 kWh and 4 kWh), the S1 X is priced at Rs 74,999, Rs 84,999 and Rs 99,999, respectively. The firm additionally presents an eight-year/80,000 km prolonged battery guarantee for the whole vary of merchandise at no further value, additional enhancing the worth proposition for customers.
In addition to the S1 X, Ola Electric has additionally revised the costs of its premium choices S1 Pro, S1 Air, and S1 X+ to Rs 1,29,999, Rs 1,04,999 Rs 89,999, respectively. These strategic pricing selections, coupled with the corporate’s dedication to high quality and innovation, have performed a vital function in its market dominance.
In conclusion, Ola Electric’s IPO marks a big milestone in India’s EV business. The funds raised via the IPO might be instrumental in driving the corporate’s development and enlargement methods. With its sturdy market efficiency and modern product portfolio, Ola Electric is well-positioned to steer the EV revolution in India. This historic occasion is harking back to when Tesla went public in 2010, marking a big occasion within the EV business. Ola Electric’s IPO is ready to revolutionize the EV business in India, paving the way in which for different startups within the sector.
Karnataka Chief Minister Siddaramaiah launched on Wednesday that the state authorities objectives to achieve an annual industrial improvement charge of 15-16 per cent to succeed in a $1 trillion monetary system by 2032.
Addressing a curtain-raiser event for the upcoming Global Investor Meet ‘Invest Karnataka 2025’ scheduled to be held in February subsequent 12 months, Siddaramaiah talked about that over the previous decade, the state has posted a improvement of 9.3 per cent.
“The authorities’s imaginative and prescient extends previous town amenities, that means to unfold industries to rural areas, notably Kalyana Karnataka, by focused cluster enchancment initiatives,” Stating that Karnataka seeks to showcase its technological prowess and manufacturing excellence by the Global Investor Meet, the Chief Minister talked about, “We aspire to put Karnataka on the worldwide stage as a primary participant in the worldwide present chain.”
IANS
At the event, state Large and Medium Industries Minister M.B. Patil launched the ‘ventuRISE 2025’ and launched {{that a}} new Karnataka Industrial Policy 2025-2030 is being drafted to include the best-in-class incentives to verify competitiveness in attracting merchants.
“The theme of this model, ‘Reimagining Growth’, shows the operate Karnataka must play in promoting improvement that is tech-driven, inexperienced, inclusive, and resilient,” Patil talked about.
In the run-up to the grand event, assorted high-level conferences, events, roadshows, and completely different programmes will be organised.
The highlights embody the first model of SME Connect ’25, the second model of VentuRISE – Global Startup Challenge and Startup Conclave, and the Future of Innovation exhibition, Patil talked about.
There is usually a assortment of world roadshows to introduce Karnataka’s manufacturing ecosystem to worldwide companies and visits to worldwide nations to ask commerce leaders for the Global Investor Meet.
These visits embody a go to to Japan from June 24 to twenty-eight, defending Tokyo, Nagoya, and Osaka, adopted by a go to to South Korea from July 1 to 5, defending Seoul, Incheon, and the Gyeonggi area, Patil talked about.
Hyderabad, 20 June 2024: IPRS (The Indian Performing Rights Society Ltd.), the primary music copyright society in India representating authors, composers and publishers of music, has simply recently teamed up with Swarathma, the acclaimed Indian folk-fusion band from Bangalore, for a multicity tour that is not practically delivering unforgettable music however moreover about championing sustainability. With a dedication to powering the sound strategies of their performances with a conveyable clear energy system as a substitute of standard diesel mills, Swarathma is setting a model new commonplace for environmentally conscious live performance occasions.
This tour is bigger than solely a set of performances. In a groundbreaking collaboration, the Indian Performing Right Society Ltd. (IPRS) is partnering with Swarathma to promote sustainable practices all through the music commerce. This initiative aligns utterly with IPRS’s ‘My Music My Rights’ advertising marketing campaign, aimed towards empowering music creators inside the digital world. Together, IPRS and Swarathma are poised to make a serious affect in key music markets and deeply interact with the creator group.
For creators, this tour supplies a singular various. IPRS shall be web internet hosting distinctive lessons for upcoming creators and neutral artists in each metropolis sooner than the live performance occasions, offering invaluable insights into music rights, royalties, and sustainable career enchancment. These interactive lessons will current a platform for creators to work together with the IPRS and Swarathma group, resolve their queries, and purchase necessary info for establishing a worthwhile career in music and boosting their earnings via royalties. The presence of Swarathma, a longtime band and IPRS member, will undoubtedly add good value, making these workshops a must-attend event.
Commenting on the affiliation, Jishnu Dasgupta of the Swarathma Band acknowledged, “We’re thrilled to be collaborating with the IPRS. It’s necessary that every artist instantly consider licensing, security of their music and acquire royalties for their work. As we be part of arms with the IPRS to conduct educational workshops all through the nation, we hope to realize artists, notably youthful musicians, to make them aware of their rights and safeguard their inventive futures.”
Rakesh Nigam, CEO of IPRS acknowledged, “By partnering with Swarathma on their India tour, IPRS demonstrates its dedication to sustainability whereas fostering experience enchancment and consciousness all through the creator group. IPRS recognises the rise of neutral music and is dedicated to supporting rising experience in reaching worthwhile careers.
This collaboration presents a singular various for us to make a major affect on the music commerce panorama in India, setting a precedent for eco-friendly practices and empowering creators with the knowledge and belongings they need to thrive. I need to thank the Swarathma group, who’re moreover our esteemed members, for their invaluable assist in our mission to empower the music creator group and foster a sustainable ecosystem for music.”
IPRS and Swarathma are embarking on a nationwide tour masking fundamental cities. Having already toured Bengaluru, Pune, and Hyderabad, they will proceed their journey in Indore, Gurgaon, Jaipur, and Chandigarh. This tour helps the promotion of sustainable practices and careers inside the music commerce.
Hyderabad, 20 June 2024: IPRS (The Indian Performing Rights Society Ltd.), the primary music copyright society in India representating authors, composers and publishers of music, has simply recently teamed up with Swarathma, the acclaimed Indian folk-fusion band from Bangalore, for a multicity tour that is not practically delivering unforgettable music however moreover about championing sustainability. With a dedication to powering the sound strategies of their performances with a conveyable clear energy system as a substitute of standard diesel mills, Swarathma is setting a model new commonplace for environmentally conscious live performance occasions.