Tag: india’s

IPRS partners with Swarathma for India’s First Multi-City Concert Tour

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.

Mansi Praharaj

June 20, 2024
Fitch Ratings upgrades India’s FY25 GDP growth forecast from 7% to 7.2%

Fitch Ratings has revised India’s FY25 GDP growth forecast to 7.2%, up from 7%. The upward revision is attributed to restoration in client spending and growing funding tendencies.

Fitch initiatives a growth price of 6.5% and 6.2% for FY26 and FY27, respectively. Despite excessive meals value inflation, the general financial outlook for India stays sturdy and promising.

In a big growth, Fitch Ratings, a globally acknowledged score company, has revised India’s GDP growth forecast for the fiscal 12 months 2025 (FY25) to 7.2 p.c, up from the earlier estimate of seven p.c.

This announcement, made on June 18, 2024, is a testomony to the robustness of the Indian economic system and its resilience within the face of world financial challenges. The upward revision within the growth forecast is primarily attributed to the restoration in client spending and growing funding tendencies.

Consumer confidence, a key driver of financial growth, has been on the rise, main to a surge in client spending. This, coupled with elevated funding, has contributed to the constructive financial outlook. Fitch’s international outlook report said, We anticipate the Indian economic system to develop by a powerful 7.2 p.c in FY25. This projection is according to the Reserve Bank of India’s (RBI) growth estimates, additional reinforcing the constructive financial sentiment.

The score company’s report additionally offered insights into the efficiency of the Indian economic system within the subsequent years. It projected a growth price of 6.5 p.c and 6.2 p.c for FY26 and FY27, respectively. While the growth price is predicted to decelerate in contrast to FY25, it nonetheless represents a wholesome growth trajectory.

Investments, a crucial element of GDP, are anticipated to proceed rising, albeit at a slower tempo in contrast to latest quarters. The report said, Investments will proceed to rise however it is going to be sluggish compared to latest quarters whereas client spending will recuperate with elevated client confidence.

In phrases of inflation, Fitch Ratings expects the retail inflation price in India to lower to 4.5 p.c by the top of the present 12 months. The company additional estimates the inflation price to be 4.3 p.c in 2025 and 2026. This lower in inflation is predicted to present reduction to shoppers and increase spending, thereby contributing to financial growth.

This constructive financial outlook for India just isn’t an remoted occasion. Earlier, the World Bank additionally raised India’s GDP growth forecast to 6.6 p.c from 6.4 p.c, indicating a world consensus on the sturdy efficiency of the Indian economic system.

IANS

The Indian economic system had beforehand demonstrated spectacular growth, increasing at a price of 8.2 p.c in FY24, pushed by a stronger-than-expected growth of seven.8 p.c within the fourth quarter. This strong growth, coupled with the latest upward revision of the GDP growth forecast by Fitch Ratings, underscores the power and resilience of the Indian economic system.

However, Fitch Ratings additionally highlighted the persistent excessive meals value inflation in India. Despite this, the company expects headline inflation to proceed declining, staying barely above the mid-point of its goal vary.

The upward revision of India’s GDP growth forecast for FY25 by Fitch Ratings is a constructive growth that alerts a powerful and resilient economic system. The restoration in client spending and growing funding tendencies are the primary drivers of this constructive outlook. Despite the challenges posed by excessive meals value inflation, the general financial outlook for India stays sturdy and promising. This growth is a constructive signal for traders, companies, and shoppers alike, indicating a powerful and secure financial surroundings. As the Indian economic system continues to develop and evolve, it is going to be fascinating to see the way it navigates the challenges and alternatives that lie forward.

June 19, 2024
Bridging the gap in India’s EV growth • EVreporter

The EV four-wheeler business is growing rapidly, with this growth evident in the numbers. EV sales in India reached 1.67 million units in FY2024, representing a 42% increase year-on-year. Within this, the e-car segment registered the maximum year-on-year growth of 90% despite the limited availability of models in this segment (Source: PV Magazine India). In the future, EV sales in India are expected to grow at a compound annual growth rate (CAGR) of 35%, with annual volumes likely to reach 27.2 million units by 2032 (refer: Business Standard). Nearly 91,000 electric cars were sold in India during the Financial Year 2023-24. According to data released by the Federation of Automobile Dealers Associations (FADA) of India, this compares to 47,551 electric cars sold during the same period in FY2023, marking a remarkable 91.37% year on-year growth (Source: Car and Bike).

The growth in the electric vehicle (EV) market has not been uniform across all segments. Specifically, while the adoption of EV two-wheelers has surged in urban areas and is rapidly catching up in rural regions, the same cannot be said for EV four-wheelers. Rural consumers, recognizing the benefits of EV technology, are increasingly drawn to two-wheelers, particularly due to the scarcity of petrol and diesel stations outside highways and the prevalence of individual houses which facilitate in-home charging. This trend is accelerating growth in the two-wheeler segment. In contrast, the EV four-wheeler market remains predominantly urban, with significant sales concentrated in Class A and B cities and, to some extent, Class C cities. Rural adoption of EV four-wheelers lags, as consumers in these areas continue to prefer traditional petrol and diesel vehicles.

Considering the population ratio, a substantial portion of the population resides in rural areas, making the rural market vast and potentially lucrative. However, companies have struggled to penetrate this market effectively. With the growing Agri economy, the overall living standard in villages is improving. However, e-cars have not yet penetrated rural areas, so overall market growth is minuscule.

Through conversations and analysis, several reasons for this difficulty have emerged.

1. Road Infrastructure: Urban areas and major highways benefit from superior road infrastructure, with government initiatives focusing on enhancing intercity connectivity. This facilitates the effective utilization of EV four-wheelers, enabling users to reap financial benefits. However, the roads linking talukas and villages, as well as internal infrastructure, remain subpar. Potholes and poorly maintained patches deter customers from embracing EV four-wheelers, which are perceived as delicate due to their advanced technology.

2. Driving Range: Due to their limited driving range, EVs are not perceived as viable commuting options in rural areas. Residents often travel to cities or district centers for work, sometimes with little notice. Consequently, there is apprehension that EVs may not offer uninterrupted journeys due to their lower ranges. In comparison, petrol or diesel vehicles are deemed more dependable, benefitting from readily available fuel sources.

3. Overloading: In India, cars serve as versatile multi-utility vehicles, transporting everything from farm materials to heavy household items and often accommodating more passengers than their designated capacity. They are essential for family transportation and are frequently overloaded for various purposes, such as wedding processions and festivals. However, with EVs, overloading significantly impacts the vehicle’s range. This dilemma leaves users questioning whether to prioritize load capacity or preserve range. This unresolved issue poses a significant challenge in the adoption of EVs.

4. Charging Infrastructure: The growth of on-road charging infrastructure is impressive, yet it currently favours urban connectivity. Charging parks and stations are emerging in urban areas, often situated in restaurant parking lots or fuel stations along major routes. However, the rural market remains overlooked. Once drivers venture off the highway, the scarcity of charging points becomes glaringly apparent, leaving them uneasy until they reach their destination. This lack of charging facilities along rural routes heightens concerns about range and accessibility for EV users.

5. Power Outage Challenges: India’s rapid growth parallels an increasing demand for power, yet the existing power generation infrastructure struggles to keep up. Shortages persist, necessitating location-specific power outages as a management measure. Rural areas have long endured the brunt of these outages, with little improvement over time. This persistent issue could dissuade customers from embracing EV adoption as uncertainties surrounding reliable access to electricity persist.

6. Post-Warranty Service or Repairs: This issue looms large as a perceived challenge. In cities, seasoned roadside mechanics are swiftly acquainting themselves with advancing automotive technologies, albeit grappling with the added complexity introduced by new emissions standards. Despite these challenges, urban mechanics are diligently learning and adapting to repair modern vehicles, including those laden with electronics. Similar progress is anticipated for electric vehicle (EV) technology, with mechanics poised to master servicing and repairs at an accelerated pace. However, rural areas present a contrasting scenario, where mechanics often adhere to traditional methods and show less flexibility. Consequently, owners of modern vehicles, including EVs, frequently find themselves compelled to transport their vehicles to urban centres for both within and post-warranty repairs. The reluctance to invest in repairing infrastructure for cutting-edge technology exacerbates this situation. The perceived complexity of EV technology gives potential customers pause for thought before making a purchase decision.

7. Impact of Accidents on EVs: Customers worldwide remain apprehensive about the aftermath of accidents involving electric vehicles (EVs). Concerns arise regarding the EV’s response to such situations: Will there be a risk of explosion? Is the construction of EV four-wheelers sufficient to absorb impact effectively? These questions persist without regulation or comprehensive data available to provide reassurance—even urban residents, who are increasingly adopting EVs as secondary vehicles, exhibit reservations. Rural communities facing infrastructure challenges harbour even greater scepticism. Unfortunately, definitive answers to these questions remain elusive at present.

To summarize, despite the swift rise of electric vehicles (EVs), numerous hurdles persist, hampering widespread acceptance. Disparities in road infrastructure and charging accessibility between urban and rural areas, along with concerns over post-warranty service and accident safety, pose significant challenges. Consumer scepticism regarding the practicality and reliability of EVs remains prevalent, especially in rural communities constrained by infrastructure limitations. While urban dwellers increasingly adopt EVs as secondary vehicles, addressing these obstacles necessitates concerted efforts in infrastructure development, regulatory frameworks, and public awareness campaigns to foster trust and facilitate the mainstream adoption of EVs.

About the Author:

Abhijit Kulkarni

Founder – Exponent Business Solutions, Pune

abhi.kulkarni@exponentsolutions.in

+91-9028198141

Also read: How the electric scooter market is different the ICE scooter market

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June 18, 2024
India’s aviation sector takes off for next 25 years of growth under PM Modi

India’s aviation sector is experiencing robust growth under PM Modi’s leadership, with a record surge in air traffic. The number of airports in the country has more than doubled in the last decade, improving air connectivity.

The Digi Yatra initiative has been widely accepted, with over 35 lakh users downloading the app.The government’s vision for the future of aviation includes making air travel accessible and affordable for every Indian.

India‘s aviation sector is witnessing a significant transformation under the leadership of Prime Minister Narendra Modi. The country, recognized as one of the world’s fastest-growing civil aviation markets, has experienced robust growth, shaping the future of the aviation industry for the next 25 years.

On November 19, airlines in India flew 4,56,910 domestic passengers, marking the highest single-day air traffic since the pandemic hit. This was a remarkable 7.4 per cent surge above pre-COVID averages, according to the Ministry of Civil Aviation data. This surge in air traffic is a testament to the resilience of the aviation sector and the government’s effective management during the pandemic.

The PM Modi-led government’s focus on the aviation sector has led to a considerable increase in the number of airports in the country. Over the last decade, the number of airports in the country has increased to 157 from 74.

This expansion of airport infrastructure is a significant step towards enhancing air connectivity, especially to Tier 2 and 3 cities, and making air travel more accessible to the common man. The government’s efforts to boost air connectivity are not limited to the expansion of airports.

More than 91 lakh passengers availed the facility of Digi Yatra, a digital initiative that aims to provide a seamless and paperless travel experience for air passengers. Over 35 lakh users have downloaded the Digi Yatra app, indicating the widespread acceptance of this initiative.

The government is now looking at calibrating regulations for major and small airports, aimed at further boosting air connectivity. Union Civil Aviation Minister Rammohan Naidu announced a 100-day action plan to drive immediate progress in India’s aviation sector.

This plan aligns with PM Modi’s vision for transforming the sector over the next 25 years. The government’s commitment to making air travel more accessible and convenient is also reflected in its vision of ‘Hawai Chappal se Hawai Jahaz tak’ (from wearing sandals to flying on airplanes).

This vision signifies the government’s commitment to making air travel accessible and affordable for every Indian, bridging the gap between different socio-economic classes. The aviation sector’s growth under PM Modi’s leadership has not only boosted air connectivity but also created employment opportunities.

Minister of State in the Ministry of Civil Aviation, Murlidhar Mohol, stated that the ministry has significantly enhanced facilities across various sectors, boosting employment and rapidly increasing the number of airports. The government’s efforts to boost the aviation sector have also been recognized by industry experts.

Under PM Modi’s leadership, India’s aviation sector is set for a significant transformation. The government’s focus on expanding airport infrastructure, enhancing air connectivity, and making air travel more accessible and affordable is expected to shape the future of the aviation industry for the next 25 years. The robust growth of the aviation sector is a testament to the government’s effective policies and commitment to making air travel a common mode of transportation for every Indian. The future of India’s aviation sector looks promising, with the potential to reach new heights in the coming years.

June 14, 2024
India’s First Surgical Robot Aces Telesurgery Trial; Leap in Surgical Robotics

IANS

In a groundbreaking development for the Indian medical industry, the first made-in- India surgical robotic system, SSI Mantra, has successfully completed the country’s inaugural human trial in telesurgery. This achievement, announced by SS Innovations, the developers of the system, marks a significant leap in the field of surgical robotics. The SSI Mantra 3, the latest iteration of the system, was instrumental in this achievement. The trial involved a robotic cholecystectomy, conducted between the World Laparoscopy Hospital and the SSI Headquarters, spanning a distance of 5 kilometers.

This successful trial underscores the potential of the SSI Mantra 3 in facilitating remote surgeries, thereby revolutionizing the accessibility and precision of surgical procedures. Dr. Sudhir Srivastava, Founder, Chairman, and CEO of SS Innovations, expressed his pride in contributing to the Make in India initiative through this development. He stated, With the launch of SSI Mantra 3 and the successful completion of India’s first human trial in soft tissue telesurgery, we reaffirm our commitment to driving advanced innovation and accessibility in robotic surgeries.

IANS

SSI Mantra 3: A Leap in Surgical Robotics

The SSI Mantra 3 is a highly advanced system designed to enhance surgical precision, efficiency, and patient outcomes. It integrates the latest advancements in robotic surgery, featuring five slimmer robotic arms and an immersive 3D HD headset. This provides surgeons with unparalleled optics, and a vision cart that offers 3D 4K vision to the entire team, ensuring precision and control. The company also highlighted the cost-effective pricing of the SSI Mantra 3, aiming to make advanced surgical technologies more accessible to healthcare institutions across India and globally.

Dr. Mylswamy Annaduari, Ex-Director of ISRO Satellite Centre, and Board of Director, SSII, expressed his excitement about the launch of SSI Mantra. He stated, The launch of SSI Mantra will elevate the Indian healthcare system to the forefront globally, particularly with telesurgery now happening in India. He further added, India is racing ahead in medical science, and it is also racing to assist the entire world. The future looks promising, and I am excited to see India leading the way in medical innovation.

Revolutionizing Healthcare with Cutting-Edge Technology

In a related development, SS Innovations has unveiled the SSI Mantra 3, the most advanced version of the Mantra surgical robot system. This launch, coupled with the successful completion of the nation’s first human trial in telesurgery, underscores SS Innovations’ commitment to revolutionizing healthcare by providing cutting-edge technology at affordable prices. Fredric Moll, widely regarded as the father of surgical robotics and the visionary founder of Intuitive Surgical, has joined SS Innovations International Inc., as a Board Member and Vice Chairman. Moll’s addition to the leadership team of SS Innovations underscores the organization’s commitment to excellence and innovation in the medical device industry.

SSI Mantra 3 allows for smaller fingertip-sized incisions, leading to less pain, minimal blood loss, reduced scarring, faster recovery, and shorter hospital stays. This advanced surgical robotic system, with its cost-effectiveness, will make advanced robotic surgery more accessible to hospitals, doctors, and patients. The SSI Mantra 3 ensures unparalleled precision and efficiency across a wide range of multispecialty and the full spectrum of robotic cardiac surgery procedures.

In conclusion, the successful human trial of the SSI Mantra 3 in telesurgery and its subsequent launch is a significant milestone for India and the global healthcare industry. It represents a major advancement in surgical robotics, offering cost-effective, high-tech solutions, making advanced surgeries more accessible globally, and aligning with India’s ‘Make in India’ initiative. The SSI Mantra 3, with its advanced features and capabilities, is set to revolutionize the field of surgical robotics, paving the way for a new era in medical science.

June 14, 2024
India’s First Surgical Robot Aces Telesurgery Trial; Leap in Surgical Robotics

IANS

In a groundbreaking development for the Indian medical industry, the first made-in- India surgical robotic system, SSI Mantra, has successfully completed the country’s inaugural human trial in telesurgery. This achievement, announced by SS Innovations, the developers of the system, marks a significant leap in the field of surgical robotics. The SSI Mantra 3, the latest iteration of the system, was instrumental in this achievement. The trial involved a robotic cholecystectomy, conducted between the World Laparoscopy Hospital and the SSI Headquarters, spanning a distance of 5 kilometers.

This successful trial underscores the potential of the SSI Mantra 3 in facilitating remote surgeries, thereby revolutionizing the accessibility and precision of surgical procedures. Dr. Sudhir Srivastava, Founder, Chairman, and CEO of SS Innovations, expressed his pride in contributing to the Make in India initiative through this development. He stated, With the launch of SSI Mantra 3 and the successful completion of India’s first human trial in soft tissue telesurgery, we reaffirm our commitment to driving advanced innovation and accessibility in robotic surgeries.

IANS

SSI Mantra 3: A Leap in Surgical Robotics

The SSI Mantra 3 is a highly advanced system designed to enhance surgical precision, efficiency, and patient outcomes. It integrates the latest advancements in robotic surgery, featuring five slimmer robotic arms and an immersive 3D HD headset. This provides surgeons with unparalleled optics, and a vision cart that offers 3D 4K vision to the entire team, ensuring precision and control. The company also highlighted the cost-effective pricing of the SSI Mantra 3, aiming to make advanced surgical technologies more accessible to healthcare institutions across India and globally.

Dr. Mylswamy Annaduari, Ex-Director of ISRO Satellite Centre, and Board of Director, SSII, expressed his excitement about the launch of SSI Mantra. He stated, The launch of SSI Mantra will elevate the Indian healthcare system to the forefront globally, particularly with telesurgery now happening in India. He further added, India is racing ahead in medical science, and it is also racing to assist the entire world. The future looks promising, and I am excited to see India leading the way in medical innovation.

Revolutionizing Healthcare with Cutting-Edge Technology

In a related development, SS Innovations has unveiled the SSI Mantra 3, the most advanced version of the Mantra surgical robot system. This launch, coupled with the successful completion of the nation’s first human trial in telesurgery, underscores SS Innovations’ commitment to revolutionizing healthcare by providing cutting-edge technology at affordable prices. Fredric Moll, widely regarded as the father of surgical robotics and the visionary founder of Intuitive Surgical, has joined SS Innovations International Inc., as a Board Member and Vice Chairman. Moll’s addition to the leadership team of SS Innovations underscores the organization’s commitment to excellence and innovation in the medical device industry.

SSI Mantra 3 allows for smaller fingertip-sized incisions, leading to less pain, minimal blood loss, reduced scarring, faster recovery, and shorter hospital stays. This advanced surgical robotic system, with its cost-effectiveness, will make advanced robotic surgery more accessible to hospitals, doctors, and patients. The SSI Mantra 3 ensures unparalleled precision and efficiency across a wide range of multispecialty and the full spectrum of robotic cardiac surgery procedures.

In conclusion, the successful human trial of the SSI Mantra 3 in telesurgery and its subsequent launch is a significant milestone for India and the global healthcare industry. It represents a major advancement in surgical robotics, offering cost-effective, high-tech solutions, making advanced surgeries more accessible globally, and aligning with India’s ‘Make in India’ initiative. The SSI Mantra 3, with its advanced features and capabilities, is set to revolutionize the field of surgical robotics, paving the way for a new era in medical science.

June 14, 2024

Punch.ev is India’s first and safest EV, receives 5-star safety ratings with highest ever scores from Bharat-NCAP

Bengaluru, 14th June, 2024: Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, in a big announcement right this moment declared that the Punch.ev and the Nexon. ev have achieved the 5 star Bharat-NCAP safety score. While the Punch.ev set a significant milestone by receiving the highest ever scores achieved by any automobile until date – 31.46/32 and 45/49 factors for grownup occupant safety (AOP) and baby occupant safety (COP) respectively, the Nexon.ev scored 29.86/32 and 44.95/49 factors for AOP and COP respectively. With this, Tata Motors is now the one OEM with the safest vary of SUV portfolio scoring 5-stars throughout Bharat-NCAP and Global-NCAP checks.

Mr. Nitin Gadkari – Hon’ble Minister of Road Transport and Highways of India, expressed, “My heartfelt congratulations to Tata Motors on this important milestone because the Nexon. ev and Punch.ev obtain a 5-star score, underneath Bharat-NCAP. The certification aligns with the Indian authorities’s imaginative and prescient for safer automobiles within the nation and emphasizes the function of Bharat-NCAP in making India’s car business ‘aatmanirbhar’. The Bharat-NCAP automobile safety commonplace is pivotal in realizing the federal government’s imaginative and prescient to make India a world car hub and improve its export worthiness in International markets.”

Commenting on this extraordinary achievement, Mr. Shailesh Chandra, MD, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, stated, “Safety, as soon as much less mentioned, is now a prime precedence for the Indian automobile purchaser. At Tata Motors, safety is engrained in our DNA, which has made us an business benchmark. We have continued to be the pioneers in driving the safety dialog – making certain that our dedication displays in each automobile we manufacture, no matter value level. We welcome stricter authorities safety requirements and are proud to be the first producer to have despatched automobiles and lead the Bharat-NCAP protocol with superlative outcomes. We are delighted to provide India’s safest automobile – an EV – within the Punch.ev, whereas the Nexon.ev continues its legacy of safety with its 5-star score. Together, all 4 of our SUVs examined underneath the Bharat-NCAP have achieved 5-star ratings, setting a benchmark for all passenger automobiles to comply with. Looking forward, our proactive stance on safety will proceed, backed by intensive R&D to assist us evolve and allow us in main the way in which to create a safer future for each highway consumer.”

The Punch.ev, since its launch, has been fairly an attraction for EV fans and first-time consumers, with over 35% homeowners from the agricultural markets. With its mixture of lengthy vary, exalting efficiency, cutting-edge expertise, and options which are typically present in segments 2 – 3 above its personal, the Punch.ev has attracted over 10,000 proud members to its household. It’s not solely a really electrical SUV; it’s a daring step into the way forward for mobility. The Punch.ev additionally scores mighty excessive on comfort and punches above its weight, providing a premium expertise that is accessible to clients.

Punch.ev – Safety That Goes Beyond	6 Air Bags (Standard)	360 Degree SVS
	Electronic Stability Program (Standard)	Blind Spot Monitoring
	ISOFIX (Standard)	SOS Calling
	Hill Hold help (Standard)	Electronic Parking Brake with Auto Hold
	Roll Over Mitigation (Standard)	All 4 Disc Brakes
	iTPMS (Standard)	Hill Decent Control

Credited because the kickstarter of India’s EV revolution, the Nexon. ev has bought over 68,000 items since its launch in 2020. The up to date sport hanging avatar of the SUV unveiled in 2023 makes a big leap ahead for all the Indian auto business. Its placing digital-first design, technology-driven driving expertise, and groundbreaking improvements makes it a real gadget on wheels and has established a brand new benchmark within the Indian EV business.

Nexon.ev – Game Changing Safety	6 Air Bags (Standard)	360 Degree SVS
	Electronic Stability Program with iVBAC (Standard)	Blind Spot Monitoring
	ISOFIX (Standard)	SOS Calling
	Hill Hold Assist (Standard)	Electronic Parking Brake with Auto Hold
	Roll Over Mitigation (Standard)	Front Parking Sensor
	iTPMS (Standard)	All 4 Disc Brakes
	Rear Parking Assist with Camera and Sensor (Standard)	Hill Decent Control

Mansi Praharaj

June 14, 2024

India’s forex reserves at historic high of $651.5 bn, CAD to dip: RBI

IANS

With a decrease commerce deficit, sturdy providers export development and robust remittances, the present account deficit (CAD) is anticipated to have moderated within the January – March quarter of 2023-24, RBI Governor Shaktikanta Das stated on Friday.

India’s international change reserves reached a historic high of US$ 651.5 billion as of May 31. India’s exterior sector stays resilient and general, we stay assured of assembly our exterior financing necessities comfortably, Das stated at a press convention after the financial coverage assembly.

India, with an anticipated 15.2 per cent share in world remittances in 2024, continues to be the biggest recipient of remittances globally. Overall, the present account deficit for 2024-25 is anticipated to stay properly inside its sustainable stage, he added.

IANS

He noticed that on the exterior financing aspect, international portfolio funding (FPI) flows surged in 2023-24 with web FPI inflows at US$ 41.6 billion. Since the start of 2024-25, nevertheless, international portfolio traders have turned web sellers within the home market with web outflows of US$ 5.0 billion (until June 5).

In 2023, India retained its place as probably the most engaging vacation spot for greenfield international direct funding (FDI) in Asia Pacific. Gross FDI remained sturdy in 2023-24, however web FDI moderated. External industrial borrowings (ECBs) and non-resident deposits recorded increased web inflows as in contrast with the earlier yr. The quantity of ECB agreements additionally grew markedly in the course of the yr, he added.

(With inputs from IANS)

June 7, 2024
Discover India’s largest ‘Flamingo City’ At Phoenix Mall Of The Millennium

‘Flamingo City’ at Phoenix Mall of the Millennium:

A 28-foot breathtaking installation that transports you into a magical oasis!

PUNE: India’s largest Flamingo City at Phoenix Mall of the Millennium represents a convergence of artistry, innovation, and environmental consciousness. India’s largest flamingo installation, standing at 28 feet tall, is more than just a visual spectacle; it’s a transformative experience that transports visitors into a realm of pink-hued wonder. Inspired by the concept of new beginnings, Flamingo City serves as a vibrant symbol of hope, growth, and the beauty of change.

Designed and conceptualized by Elementa Designs, Flamingo City is a testament to the power of imagination and creativity. Utilizing state-of-the-art technology and a deep understanding of the summer season’s essence, this exclusive diorama captures the essence of springtime renewal and the vibrancy of urban life. The result is a breathtaking display that blurs the lines between reality and fantasy, inviting visitors to explore the depths of their imagination.

‘Flamingo City’ at Phoenix Mall of the Millennium:

“We’re thrilled to present this novel flamingo city experience to our patrons, crafted to transport visitors into a realm of beauty and tranquility. Beyond mere aesthetics, this installation symbolizes our deep-rooted commitment to environmental consciousness. Flamingos, with their striking hues and graceful demeanor, serve as more than just ornamental figures. They are ambassadors of our fragile ecosystems, reminding us of the delicate balance that sustains life on our planet. Through this decor, we aim to spark conversations and raise awareness about the importance of preserving these habitats. Let us come together to marvel at nature’s wonders and reaffirm our collective responsibility towards nature.” – Vikram Pai (Centre Director – Phoenix Mall of the Millennium)

Witness a multi-sensory experience in the luxurious experiential mall with beautifully articulated décor as you walk through the interiors. Soaring vaulted ceilings and an artful play of soft lighting coalesce harmoniously to establish a backdrop that exemplifies the essence of luxury.

Immerse into the visual splendor of India’s largest Flamingo City at Phoenix Mall of the Millennium, Pune!

June 5, 2024
Discover India’s largest ‘Flamingo City’ At Phoenix Mall Of The Millennium

‘Flamingo City’ at Phoenix Mall of the Millennium:

A 28-foot breathtaking installation that transports you into a magical oasis!

PUNE: India’s largest Flamingo City at Phoenix Mall of the Millennium represents a convergence of artistry, innovation, and environmental consciousness. India’s largest flamingo installation, standing at 28 feet tall, is more than just a visual spectacle; it’s a transformative experience that transports visitors into a realm of pink-hued wonder. Inspired by the concept of new beginnings, Flamingo City serves as a vibrant symbol of hope, growth, and the beauty of change.

Designed and conceptualized by Elementa Designs, Flamingo City is a testament to the power of imagination and creativity. Utilizing state-of-the-art technology and a deep understanding of the summer season’s essence, this exclusive diorama captures the essence of springtime renewal and the vibrancy of urban life. The result is a breathtaking display that blurs the lines between reality and fantasy, inviting visitors to explore the depths of their imagination.

‘Flamingo City’ at Phoenix Mall of the Millennium:

“We’re thrilled to present this novel flamingo city experience to our patrons, crafted to transport visitors into a realm of beauty and tranquility. Beyond mere aesthetics, this installation symbolizes our deep-rooted commitment to environmental consciousness. Flamingos, with their striking hues and graceful demeanor, serve as more than just ornamental figures. They are ambassadors of our fragile ecosystems, reminding us of the delicate balance that sustains life on our planet. Through this decor, we aim to spark conversations and raise awareness about the importance of preserving these habitats. Let us come together to marvel at nature’s wonders and reaffirm our collective responsibility towards nature.” – Vikram Pai (Centre Director – Phoenix Mall of the Millennium)

Witness a multi-sensory experience in the luxurious experiential mall with beautifully articulated décor as you walk through the interiors. Soaring vaulted ceilings and an artful play of soft lighting coalesce harmoniously to establish a backdrop that exemplifies the essence of luxury.

Immerse into the visual splendor of India’s largest Flamingo City at Phoenix Mall of the Millennium, Pune!

June 4, 2024