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  • Piaggio India Strengthens Their 3 Wheeler Network With An All-New Company Showroom In Wagholi; Pune


    Mr Diego Graffi CMD Piaggio India and Hon Shri Ajit Pawar Ji inaugurating the new company showroom in Wagholi pune

    The spectacular showroom of 2,800 square feet, complemented by a 1,500-square-foot workshop, was inaugurated by Shri Ajit Pawar, Honourable Deputy Chief Minister of Maharashtra

    The new showroom will retail the Diesel, CNG, and EV vehicles from Piaggio’s trusted brand of commercial and passenger vehicles – Apé and Apé Electrik

    PUNE:  Piaggio Vehicles Pvt Ltd (PVPL), a 100% subsidiary of the Italian auto giant Piaggio Group, and a leading Indian manufacturer of small commercial vehicles and electric three-wheelers (3EV) inaugurated its Company Showroom in Wagholi, Pune. The inauguration ceremony was graced by Shri Ajit Pawar, Honourable Deputy Chief Minister of Maharashtra, along with Diego Graffi, Chairman & Managing Director at Piaggio Vehicles Private Limited, and Amit Sagar, Executive Vice President – Commercial Vehicle Business (Domestic) at Piaggio Vehicles Private Limited.

    The new Wagholi showroom, which spans over 2800 square feet, redefines the three-wheeler retail experience, offering customers a comprehensive range of products and services under one roof. From traditional Internal Combustion Engine (ICE) models to state-of-the-art Electric Vehicles (EVs), the showroom showcases Piaggio’s commitment to providing fuel-agnostic solutions tailored to diverse customer needs and preferences. Moreover, with a fully equipped state-of-the-art workshop and spare parts facility, customers can rely on exceptional service and spare parts support, ensuring complete peace of mind throughout their ownership journey. The workshop promises a hassle-free experience with certified master technicians trained extensively at  Piaggio’s plant in Baramati.

    Diego Graffi CMD Piaggio India and Hon Shri Ajit Pawar Ji inaugurating the new company showroom in Wagholi pune

    On this occasion, Diego Graffi, Chairman & Managing Director at Piaggio Vehicles Private Limited, said, “I would like to thank Shri Ajit Pawar, Honourable Deputy Chief Minister of Maharashtra for gracing the occasion. At Piaggio India, high-quality products and services that exceed customer expectations remain at the forefront. With the launch of the new 3-wheeler company showroom in Pune, we are committed to redefining the retail experience and providing unparalleled solutions tailored to our customer’s diverse needs. This state-of-the-art facility will allow us to showcase our commitment to offering Pune a complete three-wheeler experience, from discovery to sales and after-sales service. This will be our model showroom, showcasing the strength of our product range.”

    Amit Sagar, Executive Vice President – of CV Domestic Business & Retail Finance at Piaggio Vehicles Private Limited, said, “The new showroom located at Wagholi, is not only a new retail touchpoint for the company but also a significant step in its retail strategy. With the launch of the showroom, we’re placing the needs of our customers in Pune at the forefront. The showroom will have trained manpower and an on-the-spot facility for exchange and finance. We are confident that this showroom will not only empower our customers with the freedom of choice but also ensure complete peace of mind throughout their ownership journey.’’

    Beyond product choice, the showroom prioritizes a seamless ownership experience with exceptional service, readily available spare parts, and transparent pricing policies. The one-stop solution approach provides everything from registration and financing assistance to after-sales care, offering complete peace of mind for every Piaggio customer. Piaggio recently announced a new battery subscription model for its Apé Elektrik 3Ws, a groundbreaking initiative in making electric vehicle ownership more affordable and hassle-free. The focus on customer satisfaction underscores Piaggio Vehicles Private Limited’s commitment to delivering excellence at every touchpoint, ensuring that each interaction leaves a lasting impression of reliability and trust.

  • RBI imposed a monetary penalty of ₹88.70 lakh on SBM Bank (India) Limited

    The Reserve Bank of India (RBI) screens the operations of all of the banks within the nation. Whenever a financial institution ignores the foundations and acts arbitrarily, the RBI can impose a nice on it. In this connection, the Reserve Bank of India has imposed a nice of Rs 88.70 lakh on SBM Bank (India) for not following some regulatory norms.

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    The Reserve Bank mentioned on Friday that the nice has been imposed on the financial institution for non-compliance with the situations associated to the RBI license. Apart from this, particular directions have been given to cease transactions underneath the Liberalized Remittance Scheme (LRS) with speedy impact.

    Also Read: LPG Price Cut: New fee of LPG cylinder has been carried out from in the present day 1st June 2024

    RBI issued two notices to the financial institution.

    Two separate notices had been issued to the financial institution, during which it was requested to clarify the explanations. After the financial institution’s reply to the notices and its reply, RBI discovered that the allegations in opposition to SBM Bank (India) are true, for which monetary penalty must be imposed. The financial institution additionally made some transactions underneath the Liberalised Remittance Scheme, whereas RBI had instructed to cease such transactions with speedy impact.

    What will occur to the shoppers’ cash now?

    However, RBI mentioned that the nice is predicated on deficiencies in regulatory compliance and isn’t supposed to have an effect on the validity of any transaction or settlement entered into by the financial institution with its prospects.

     

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  • Meta Removes 17 Million Pieces of Harmful Content in India

    Meta

    MetaIANS

    IANS

    In the digital age, the responsibility of tech giants to maintain the integrity of their platforms has become a pressing issue. Meta, formerly known as Facebook, has been at the forefront of this challenge, particularly in India, where it has taken significant steps to remove harmful content from its platforms, Facebook and Instagram. In April, Meta reported that it had taken down over 17 million pieces of bad content across 13 policies for Facebook and more than 5.4 million pieces of objectionable content across 12 policies for Instagram. This action was part of Meta’s commitment to adhering to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which set the legal framework for how digital platforms operate in India.

    Meta’s content moderation process is a blend of automated systems and human review. Advanced algorithms and machine learning models scan content as it’s uploaded, identifying patterns that violate policies such as hate speech, graphic violence, and misinformation. Content flagged by these systems or reported by users as inappropriate is added to a queue for review by human moderators. These reviewers are trained in Meta’s policies and can escalate complex cases. If a user disagrees with a content removal decision, they can appeal, triggering another review.

    Compliance with IT Rules 2021

    The company’s adherence to the IT Rules 2021 in India is crucial. Non-compliance could lead to legal repercussions, including fines or even a ban on operating in India, a significant market for Meta. Compliance entails several actions, including prompt content removal, appointment of a grievance officer, publishing annual transparency reports, and implementing measures to detect and remove child sexual abuse material.

    Meta’s efforts to maintain platform integrity are not without challenges. The sheer volume of content uploaded daily necessitates a balance between quick action against harmful content and the protection of free expression and user rights. The company’s systems learn from each review, improving their accuracy over time. This includes both automated systems, which are updated based on feedback, and human reviewers, who receive ongoing training.

    Historical Context and Future Challenges

    The importance of content moderation in the digital age is not a new issue. In the past, tech companies have faced criticism for their handling of harmful content. For instance, YouTube has been criticized for its handling of hate speech and misinformation. Twitter has also faced backlash for its content moderation policies, particularly around political content. These historical events underscore the importance of effective content moderation in maintaining the integrity of digital platforms.

    In conclusion, Meta’s efforts to remove harmful content from its platforms in India demonstrate the company’s commitment to maintaining a safe and responsible online environment. The company’s adherence to the IT Rules 2021 and its blend of automated systems and human review in content moderation are key aspects of this commitment. However, the challenge of balancing quick action against harmful content with the protection of free expression and user rights remains. As digital platforms continue to evolve, so too will the strategies and techniques used to maintain their integrity.

  • Bata India Celebrates NINE WEST’s India Launch

    New Delhi:  It was a glamourous affair on the unique preview of Nine West’s newest assortment within the capital hosted by Bata India! This occasion marks a major second as Bata India introduces New York’s famend footwear and equipment model, Nine West, to the Indian market. Actor Chitrangda Singh alongside Delhi’s prime vogue influencers indulged in a stylishly curated night as they adorned NINE WEST’s newest types, dropped at India completely by Bata.

    Bata Nine West

    Speaking on the grand unveiling of the Nine West assortment, Deepika Deepti, Head of Marketing, Bata India mentioned, “At Bata, our intention is to convey one of the best of world’s vogue to India for our discerning clients. Nine West, born in New York City and thriving globally, is without doubt one of the most recognizable manufacturers on the planet. With its entry in India completely in partnership with Bata, we’re proud to proceed to make actually excessive vogue & premium types accessible to all.”

    The newest assortment is impressed by empowered ladies who dream, lead & slay. Iconic silhouettes & dainty designs starting from smooth metallic stilettos to famed monogram fashion baggage, every article is crafted to enhance the fashion-forward ladies. The newest Nine West assortment is now accessible completely at Bata.com and your nearest Bata shops!

    Strengthening its portfolio of vogue footwear and equipment, Bata India had introduced in November 2023 licensing and manufacturing take care of Authentic Brands Group (Authentic) for Nine West successful rights to fabricate, market and distribute Nine West footwear and equipment throughout India.


    Neel Achary

  • Innoterra Appoints Avinash Kasinathan as Head of India Business

    1st June 2024,Mumbai, India: We are delighted to announce that Avinash Kasinathan has joined Innoterra as the Head of India enterprise, efficient instantly. Avinash brings with him wealthy expertise in technique, know-how, and the agriculture sector.

    avinash

    Avinash Kasinathan, Managing Director, Head of India Business, Innoterra

    Avinash began his profession as a marketing consultant at McKinsey. Prior to becoming a member of Innoterra, he served as the CTO of WayCool and CEO of CENSA (Waycool’s know-how wing), the place he performed a pivotal position in constructing a scalable, well-governed, and sustainable meals and agri-tech platform. He has been instrumental in conceiving, conceptualizing, and constructing the Censa platform as one of essentially the most complete tech stacks within the meals financial system.

    At Innoterra, Avinash will concentrate on constructing Innoterra’s India enterprise portfolio, together with however not restricted to our agri-tech platform, Farmlink, our high-quality milk and cattle feed enterprise Milklane, and the home gross sales and enterprise referring to our banana vaccine, BanacXin.

    “We are thrilled to welcome Avinash to our Group Executive Board,” mentioned Pascal Foehn, CEO of Innoterra. “His background in know-how coupled along with his affinity for the Indian agricultural sector might be invaluable as we proceed to develop the Innoterra footprint in India. We stay up for rising collectively.”

    “The sector is at an inflection level, and Innoterra is well-positioned to disrupt the Indian agri worth chain. I’m excited to hitch Innoterra and drive additional margin growth,” mentioned Avinash Kasinathan.


    Sujata

  • Union Bank of India has revised the FD interest rates – check details





    Bank FD

    Fixed Deposit Rates : Union Bank of India has revised the interest rates on FDs of lower than Rs 2 crore. According to the Union Bank web site, the new interest rates have come into impact from June 1, 2024.

    Union Bank of India is providing an interest fee of 3.5 p.c to the normal public on FDs maturing between seven to 45 days. FDs between 46 days to 90 days at the moment are getting an interest fee of 4.50 p.c. It is providing 4.80 p.c interest on FDs maturing between 91 days to 180 days. FDs from 181 days to lower than 1 12 months are getting 6.25 p.c interest.

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    FD Rates for Senior Citizens

    Senior residents are getting an additional interest of 0.50% over and above the regular rates. The most interest fee given to senior residents is 7.75 p.c for 399 days.

    Super Senior Citizen FD Rates

    The financial institution is providing 0.75 p.c extra interest for tremendous senior residents. The most interest fee on FD of 399 days is 8 p.c.

    Union Bank FD Rates – Here are the interest rates for normal residents and senior residents
    Time Period General public Senior Citizen
    7 days – 14 days 3.50% 4%
    15 days – 30 days 3.50% 4%
    31 days – 45 days 3.50% 4%
    46 days – 90 days 4.50% 5%
    91 days – 120 days 4.80% 5.30%
    121 days – 180 days 4.90% 5.40%
    181 days to <1 12 months 6.25% 6.75%
    1 12 months 6.75% 7.25%
    1 12 months – 398 days 6.75% 7.25%
    399 days 7.00% 7.50%
    400 days to 2 years 7.25% 7.75%
    2 years to three years 6.50% 7%
    3 years to five years 6.50% 7%
    5 years to 10 years 6.50% 7%

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  • Honda Cars India registers total sales of 11,343 units in May 2024

    cars

    Mumbai, June 1, 2024: Honda Cars India Ltd. (HCIL), main producer of premium automobiles in India, registered total sales of 11,343 units in May’24 as in comparison with 5,247 units in May’23. Domestic sales of the corporate stood at 4,822 units and 6521 units of exports in the month of May’24. 

    Sharing ideas on May’24 sales efficiency, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. stated, “The market situations have been difficult throughout May’24 as trade skilled weaker showroom site visitors amidst ongoing warmth wave situations in most components of the nation. We aligned our sales plan through the month, specializing in retail and creating snug shopping for expertise for our clients. While we anticipate situations to get extra conducive with onset of monsoons in June, now we have rolled out engaging Honda Summer Bonanza marketing campaign this month to make the automobile buy extra rewarding. On the export entrance, we continued our robust run led by Elevate volumes, and have emerged as a major contributor to the ‘Make in India’ motion in the trade.” 

    The firm had registered 4,660 units in home sales and exported 587 units in May’ 23.


    Neel Achary

  • India Navy’s INS Shivalik departs from Singapore

    INS Shivalik departs from Singapore. Photo Courtesy: PIB

    INS Shivalik, mission deployed to the South China Sea and Pacific Ocean, departed Singapore on May 30 for onward passage to Yokosuka, Japan.

    “During the ship’s OTR at Singapore, numerous actions have been undertaken which included Call on with Base Commander, Changi Naval Base, Wreath Laying at Kranji War Memorial, Call on with High Commissioner of India to Singapore, IFC go to, Visit of round 80 faculty kids onboard, Visit of Indian and Australian High Commissioner onboard and cross-deck visits to USS Mobile (LCS) reflecting maritime relations and shared values between the navies which is primarily beneath the ambit of Security and Growth for All within the Region (SAGAR),” learn a press release issued by the Indian authorities.

    INS Shivalik, upon departure from Singapore, is scheduled to take part in JIMEX 24 and RIMPAC 24.

    “This deployment is geared toward enhancing the diploma of interoperability with the JMSDF, US Navy and different accomplice navies taking part in RIMPAC 24,” the assertion stated.

    India-Singapore relationship

    The shut ties between India and Singapore have a historical past rooted in robust business, cultural and people-to-people hyperlinks throughout a millennium.

    The extra trendy relationship is attributed to Sir Stamford Raffles who, in 1819, established a buying and selling station in Singapore on the route of the Straits of Malacca which later grew to become a crown colony and ruled from Kolkata until 1867.

    The colonial connection is mirrored in establishments and practices, utilization of English and presence of a big Indian group. India was one of many first nations to acknowledge Singapore in 1965.

    India-Singapore relations are primarily based on shared values and approaches, financial alternatives and convergence of pursuits on key points.

    There are greater than 20 common bilateral mechanisms, dialogues and workouts.

    “There is nice convergence on a broad vary of worldwide points and each are members of a variety of boards, together with East Asia Summit, G20, Commonwealth, IORA (Indian Ocean Rim Association) and IONS (Indian Ocean Naval Symposium),” learn a press release issued by the Indian Embassy in Singapore.

  • Kia India reports 3.9 pc sales growth in May, surpasses 2.5 lakh export milestone

    cars

    IANS

    Kia India on Saturday stated it has registered the sale of 19,500 models in May, a growth of over 3.9 per cent (year-on-year) in comparison with 18,766 models in the corresponding month of the final yr.

    The automaker stated it additionally dispatched 2,304 models from India to abroad markets in the month, taking the manufacturing determine of Kia to 21,804 models.

    With this, the corporate surpassed the 2.5 lakh export milestone to over 100 nations, it stated in an announcement.

    Seltos contributed the bulk, with nearly 60 per cent of exports from India accounted for by the mannequin. Sonet and Carens adopted Seltos with 34 per cent and seven per cent, respectively, of the abroad dispatches.

    delhi pollution

    IANS

    “With a strong community enlargement technique in place, we will proceed to develop in the remainder of the yr and cross 1 million home sales milestone quickly,” stated Hardeep Singh Brar, SVP and Head Sales and Marketing at Kia India.

    Launched in January 2024, the brand new Sonet emerged because the highest-selling mannequin for Kia India in May, with 7,433 models, carefully adopted by Seltos and Carens with 6,736 and 5,316 models, respectively.

    “So far in this yr, we’ve been aggressive in introducing new aggressive variants of our fashions, which has contributed considerably to our sales,” stated Brar.

    The firm has bought greater than 9.8 lakh models in the home market, with Seltos contributing nearly 50 per cent of the full.

    Kia India commenced mass manufacturing in August 2019 and has an put in annual manufacturing capability of 300,000 models.

  • US-based Vattikuti Foundation to nurture 20 medical students in India in robotic surgery

    US based

    US-based Vattikuti Foundation on Friday announced to launch ‘Vattikuti Explorers’, a national competition aimed at identifying 20 innovative medical students in India and nurturing them in the field of robotic surgery.

    The programme, open to third and fourth-year medical students, offers a unique opportunity to delve into specialised areas of research with accomplished robotic surgeons guiding as mentors, the Foundation said in a statement.

    “The ‘Vattikuti Explorers’ goes beyond traditional medical education as it offers students hands-on training, exposure to advanced surgical technologies, and the chance to connect with leading innovators across various medical fields,” said Mahendra Bhandari, CEO, Vattikuti Foundation.

    The ‘Explorers’ will get access to world-renowned medical experts in their field who, as mentors, will continue to guide and support through their early career.

    Coronavirus

    The eight chosen ‘Explorers’ from 20 participants will participate in a three-day immersion programme at the Orsi Academy in Melle, Belgium (from August 19-21).

    They will also join the ‘Humans at the cutting edge of Robotic Surgery’ symposium, featuring presentations by global experts in robotic surgery, in Jaipur on February 14-16, 2025.

    Following the completion of the Master’s programme, the ‘Explorers’ will be eligible for being considered for paid one-year fellowships in various fields such as gynaecology, urology and surgical oncology in India, the Foundation said.

    Meanwhile, entries to the Foundation’s ‘KS International Innovation Awards’ are open till July 15.

    The competition includes ‘Robotic Procedure Innovation’ in various surgical fields and technological Innovation in AI, imaging, robotic systems, telesurgery, VR and more.

    (With inputs from IANS)