Mumbai, India May sixteenth, 2024: In a pioneering step in the direction of bridging the gender hole in schooling in India, EducateGirls, a number one non-profit organisation, introduced its itemizing on the SocialStockExchange (SSE) of the National StockExchange (NSE). Marked by a bell-ringing ceremony, the occasion distinguished EducateGirls as the first organisation devoted to ladies‘ schooling to be listed on the SSE. EducateGirls is among the many first 10 NGOs listed on this modern platform, alongside SGBS Unnati Foundation, Ekalavya Foundation, and Swami Vivekananda Youth Movement, who’ve additionally embraced the SSE to additional their missions.
Preceding the itemizing was the profitable situation of EducateGirls’ Zero-Coupon Zero-Principal (ZCZP) bonds. These ZCZP bonds aimed to lift funds to mobilise over 7,000 marginalised kids for enrolment, retention, and improve studying outcomes in foundational literacy and numeracy in among the most distant, rural, and educationally backward villages of Bahraich district, in northeastern Uttar Pradesh on the Indo-Nepal border.
The bell-ringing ceremony witnessed the participation of supporters of ladies’ schooling. Notable supporters embody EdelGive Foundation, Zerodha, and A.T.E. Chandra Foundation. The occasion was attended by Dr Harish Ahuja, Head, Sustainability, Products & Strategy Development (Carbon & Power Markets), Investor consciousness/Service, Primary Markets Relationships, National StockExchange (NSE) who congratulated EducateGirls and the whole workforce. He appreciated the modern use of expertise and predictive algorithms by EducateGirls for social affect.
“An inventory on the SocialStockExchange is a major milestone, not simply for EducateGirls, however for each lady combating for her proper to schooling. With the SSE itemizing, we’re setting a precedent that opens many doorways for targeted investments in the direction of creating gender equality in schooling. We are immensely proud to be on the coronary heart of carving out the trail in the direction of an equitable future,” mentioned Safeena Husain, Founder and Board Member, EducateGirls.
“The SSE initiative is an modern monetary avenue endorsed by the Honourable Finance Minister, geared toward connecting social enterprises with affect traders. We are excited to be one of many first 10 NGOs to be listed on this initiative, which unlocks new potentialities for nation constructing. The introduction of EducateGirls into this community displays a maturing ecosystem that values social returns on funding, setting a benchmark for future listings,” mentioned Maharshi Vaishnav, CEO of EducateGirls.
As EducateGirls continues to champion the reason for accessible schooling for all ladies, this itemizing on the SSE is a name to motion for traders and policymakers to view schooling by a lens of sustainability and social affect. The success of this initiative is a testomony to what might be achieved when innovation is harnessed to serve humanity’s most urgent wants.
Lithium-ion battery recycling has emerged as a buzzword in the recycling industry, offering promises of profitability and environmental stewardship. However, the reality behind the scenes presents a more nuanced picture. Rahul Jha delves into the challenges faced by Indian battery recyclers and how they navigate the complexities of the current market landscape.
The two segments of Lithium-ion battery recycling in India
In India, lithium-ion battery recycling is currently divided into two segments:
(A) Upto Black Mass Production: This segment involves processes such as shredding, crushing, and separating black mass, plastics, and copper- aluminium scrap. Several recyclers have established themselves in this domain, leveraging imported and indigenous machinery to process battery components. However, the focus often remains on maximizing profits without due consideration for environmental impact or downstream consequences.
(B) Black Mass Refiners: These entities undertake the challenging task of actual recycling, refining black mass into usable materials. Despite their crucial role in the recycling chain, black mass refiners often find themselves overlooked and marginalized within the industry.
The predicament of black mass produces – Category A
Category A recyclers, engaged in the process up to black mass production, prioritize profitability over sustainability. The rush to secure favourable payable rates for black mass has led to a competitive race among recyclers, driving up prices and creating opportunities for unscrupulous scrap dealers to exploit the market. While Category A recyclers reap profits, the fate of plastic waste remains a looming question, with no clear destination or recycling pathway in sight.
The plight of refiners – Category B
Black mass refiners (Category B), tasked with the actual recycling and refining of battery materials, face myriad challenges. Often sidelined by government policies and industry stakeholders, they struggle to expand their operations and find markets for their finished products. Despite their critical role in closing the recycling loop, Category B refiners lack the recognition and support afforded to their counterparts in the up-to-black mass production segment.
To address the above challenges, several solutions must be considered:
Incentivizing Refiners: The new Extended Producer Responsibility (EPR) regime proposed by the Central Pollution Control Board could provide a framework for incentivizing refiners. By compelling producers to invest in recycling and refining initiatives, the government can stimulate growth in the sector and promote sustainable practices.
Industry Collaboration: Producers, recyclers, and refiners must collaborate to establish a robust recycling ecosystem. This entails streamlining regulatory processes, enhancing market access for refiners, and fostering a culture of responsible recycling within the industry.
Public Awareness and Education: Increasing public awareness about the importance of battery recycling and the role of refiners is crucial. Educating consumers about proper disposal methods and the environmental benefits of recycling can drive demand for recycled materials and support the growth of the recycling industry.
While lithium-ion battery recycling holds immense potential for India’s sustainable development, realizing this potential requires concerted efforts from all stakeholders. By addressing the challenges faced by recyclers and refiners, India can pave the way for a greener, more resilient future.
Rahul Jha works with ADV Metal Combine Pvt. Ltd. ADV Metal Combine was incorporated in 1997 and has since engaged in the waste recycling business. Their LIB and E-waste recycling division in Bhilai, Chhatisgarh, became functional in 2008 by jointly developing technologies with CSIR-NML Jamshedpur and, later on, BARC. ADV has a fully functional LIB recycling facility in which they produce battery-grade raw materials such as Cobalt Sulphate, Lithium Carbonate, Nickel Sulphate, Copper Sulphate and Manganese Sulphate. Currently, the company is operational and has been licenced to handle 2500MT/Annum Li-ion Battery waste.
As hydrogen emerges as a critical decarbonisation solution across various sectors, India aspires to produce 5 million metric tons of green hydrogen annually by 2030. Our interaction with Mr. Sachin Chugh, Hydrogen lead for India at ARUP UK, aims to provide an overview and his expert insights into the current state of hydrogen infrastructure in India, as well as the opportunities and challenges that lie ahead.
Could you enlighten us on the significance of hydrogen in India’s energy landscape?
In our journey, emissions are always at the crossroads of economic growth, posing a challenge for mankind. We’ve shifted from higher to lower carbon-to-hydrogen ratio fuels over time, from wood to coal, gasoline and crude oil-driven options, and now to natural gas. However, carbon dioxide emissions from combustion remain a significant environmental concern, necessitating the role of hydrogen. While previous waves of hydrogen lacked technological depth and utilization spectrum, today’s hydrogen offers promise to decarbonize challenging sectors like refineries, steel, and fertilizers. Its holistic nature facilitates integration across these sectors, providing a one-stop environmental solution. However, overcoming certain challenges is crucial for realising its full potential.
Hydrogen is currently utilized in oil refineries and ammonia production in India. What is the current demand for hydrogen in India? What is the source of procuring this hydrogen at the moment?
Two sectors prominently emerge if we look at the sectoral breakdown of hydrogen demand.
Utilities, where hydrogen plays a crucial role in desulfurising petroleum products to meet strict Bharat Stage norms, primarily through hydroprocessing and hydrotreating in oil refineries. These sectors heavily rely on hydrogen.
Additionally, the fertiliser sector, reflecting India’s agrarian economy, contributes substantially to hydrogen demand. Combined with steel, chemicals, food and beverages, vegetable oils, and the glass industry, the total annual demand in India reaches approximately 6 to 7 million metric tons of hydrogen. A part of this demand is generated in situ at refineries.
Hydrogen is produced from fossil fuels, mainly natural gas, supplemented by a small portion of naphtha. The production process, particularly steam methane reforming from natural gas, emits about 10 to 12 kg of carbon dioxide per kg of hydrogen produced. Unless, this Co2 is captured, the impact of hydrogen production on the environment is tremendous.
Globally, efforts are underway to transition to green hydrogen production by reducing reliance on fossil fuels or capturing and utilising carbon dioxide emissions. Countries like China heavily rely on coal gasification, prompting the need for carbon dioxide capture and utilization strategies to address environmental concerns.
We aim to produce 5 million metric tons of green hydrogen annually by 2030. Is there any nascent infrastructure in the country currently to produce green hydrogen?
Green hydrogen is produced by splitting water molecules into hydrogen and oxygen using renewable energy from solar, wind, or hybrid models. It is termed “green” as it has no carbon footprint. Currently, multiple electrolysers are operating globally, including in India, but they mostly rely on electricity from national grids. The carbon intensity of hydrogen production thus depends on the grid’s carbon intensity. While limited commercial projects are using 100% renewable energy to power electrolysers, addressing the intermittency of renewable power remains a significant challenge for round-the-clock operations. There are few commercial projects in India, but some are in the pipeline and expected to become operational within a year or two, producing green hydrogen. As of now, most electrolysers operate on grid electricity.
Could you help us understand the economic viability of producing and utilising green hydrogen? What are the crucial factors affecting the commercial feasibility of production and utilization, particularly in energy-intensive sectors like steel, ammonia, and oil refineries?
Particularly addressing the Indian context, there has been considerable discussion about the availability of inexpensive solar power, which can be used to split water molecules into hydrogen and oxygen, thus enabling green hydrogen production. However, the entire ecosystem involves setting up renewable energy plants, transmitting electricity to electrolyser sites for hydrogen production, and considering post-production requirements.
For industrial applications like refineries, fertilizers, or steel production, hydrogen can be used directly without intermediate pressure-boosting stages. If the end-use necessitates bottling and transportation, additional costs arise due to the need for pressure boosting, impacting net energy consumption. Moreover, storing hydrogen onboard for mobility applications requires higher pressure, typically around 350 bars.
Considering only production costs, green hydrogen currently averages approximately $5 to $6 per kg, leveraging solar power availability. However, this cost estimate excludes storage, transportation, delivery, and compression expenses. The delivery cost can be approximately $8 to $9 per kg depending on transportation distances and specific requirements. Efforts are underway to reduce these costs to achieve economic viability comparable to diesel or natural gas prices.
We’re implying that local production is more feasible for commercialisation compared to long-distance transportation. Is that right?
Correct. Minimising the movement of molecules is crucial to avoid excessive costs. However, it’s also about balancing the movement of electrons and molecules. Another trade-off involves managing the intermittent nature of renewable energy production and integrating it with continuous electrolyser operation. Achieving this balance and optimisation is essential to ensure green hydrogen availability at an affordable price for end consumers.
We are also curious about our current annual usage of around 6 to 7 million tons of hydrogen across various applications in India. Is this usage commercially viable for industries or primarily driven by regulatory norms?
I believe the operational needs of industries dictate the usage of hydrogen. It’s inherently integrated into their production processes, with the cost of hydrogen already factored into the price of the final product. However, the price of hydrogen is closely tied to the cost of its primary feedstock used for its production. Whether it’s extracted from water or natural gas, the current price of hydrogen depends on the cost of the feedstock. For green hydrogen, the price is also influenced by the cost of renewable energy and electrolysers.
Transmission and storage will significantly impact the end cost of hydrogen. However, when discussing the National Green Hydrogen Mission, the focus is on scaling up green hydrogen production and creating export opportunities. So, can you help us understand how these different aspects of cost, transmission, and export align with each other?
We need to approach this holistically. Some countries lack renewable energy sources but have the potential to produce hydrogen, requiring them to import electrons via huge transmission lines to produce hydrogen for domestic use. Conversely, India is rich in renewable energy, particularly solar and wind, and produces green electricity at a competitive price globally. Leveraging this cheap renewable energy for green hydrogen production relies on advancements in electrolyser technology. With India’s strong manufacturing industry and abundant cheap renewable energy, we have an optimal blend to support domestic demand and potentially export hydrogen. While transmission costs will be added, it’s a matter of calculating how other countries will source their green electricity compared to India, making it crucial for Indian industries to analyse potential markets for meeting green hydrogen demand.
What are the current challenges the industry is addressing to enable large-scale green hydrogen production and export?
The challenges are numerous. We need to align the system and the ecosystem to leverage the perceived low cost of renewable energy and integrate it with the localisation of electrolyser technology in India. The government has been supportive, offering various incentivisation schemes for electrolyser production and green hydrogen reproduction. These initiatives will catalyse internal development but require robust support. Research and development programs, backed by government initiatives, are crucial. However, this journey won’t happen overnight. It demands strong coordination among policy-making agencies, central and state ministries, independent power producers, and end consumers. The goal is to reallocate renewable energy capacities towards green hydrogen production. We must also meet net emission limits set by importing countries to qualify as green hydrogen. This necessitates stakeholders coming together to strategize and collaborate.
While India addresses renewable energy availability, water availability for hydrogen production shouldn’t be overlooked. The water requirements extend beyond feedstock, involving significant amounts for cooling electrolysers and managing evaporative losses. This underscores the importance of engineering advisories and consultancies in harmonising efforts. At Arup UK, we aim to leverage our international experience to support India’s green hydrogen aspirations, including derivatives like green ammonia and methanol.
What’s your perspective on the technology readiness and viability of hydrogen solutions for mobility applications? Specifically, which applications will be more favourable for hydrogen use?
When considering hydrogen’s viability in mobility, it’s essential to compare it with other energy systems and assess the constraints and advantages of each. I often draw a comparison between hydrogen and traditional fuels like gasoline and diesel in the transportation sector. As gasoline has dominated the market for years, batteries are gradually replacing it. Similarly, hydrogen can fill the role that diesel has played, especially in applications requiring longer ranges and continuous operation. So, heavy-duty vehicles and those needing extended range and minimal downtime are prime candidates for hydrogen adoption. Think of taxi fleet operators or service providers who rely on constant vehicle availability to meet customer demand. Hydrogen’s quick refuelling time and longer range between refuels make it an attractive option for them. We can expect hydrogen to make inroads in various sectors, including shipping, aviation, and railways, particularly where electrification isn’t feasible. Long-haul freight, buses for intercity travel, and other transportation modes are ripe for disruption by hydrogen as a clean and efficient power source.
Could you also provide insights into Arup’s global offerings in the hydrogen sector, as well as your specific presence and contributions in India?
Arup is a well-established name in the industry, with a rich history of involvement in iconic infrastructure projects globally, from Sydney’s Opera House to India’s Statue of Unity. Recognizing the convergence of sectors toward achieving net-zero goals and embracing circular economy principles, Arup has positioned itself as a leader in sustainable energy solutions.
Our presence in the hydrogen space is robust, and we have a diverse portfolio of projects worldwide. We engage at various levels, from policy formulation to project implementation. This includes assisting governments in drafting green hydrogen strategies, blending hydrogen with natural gas in existing infrastructure, designing hydrogen pipelines, balancing renewable energy generation with green hydrogen production, ensuring safety in hydrogen facilities, and optimizing delivery schedules.
As India embarks on significant policy shifts and infrastructure development, our strong engineering foundation enables us to play a pivotal role in guiding and executing these projects.
Bengaluru May tenth, 2024: SML India and 3AI Holding Limited, at this time introduced the launch of *‘Hanooman’, India’s homegrown largest multilingual and most inexpensive GenAI platform in 98 international languages, together with 12 Indian languages, to construct a GenAI ecosystem for India by leveraging the nation’s numerous linguistic and cultural heritage.
Derived from the title of Lord Hanuman, it symbolizes the platform’s dedication to utilizing the ability of GenAI for the higher good. Hanooman, with all his data, energy, and energy all the time served Ram loyally and we wish Hanooman to carry the identical GenAI energy to humanity. Hanooman has been developed by SML India in partnership with 3AI Holding. The platform goals to succeed in 200 million customers inside its first yr of launch.
As a part of the launch, SML India introduced its partnership with main know-how stalwarts and innovators like HP, NASSCOM, and Yotta. Through the partnership, Yotta will present GPU cloud infrastructure to bolster SML India’s operations. Additionally, SML India’s partnership with NASSCOM is aimed toward a number of initiatives, like supporting AI startups, fostering fintech innovation, participating with 3000 faculties, and taking part in analysis packages.
The firm has additionally collaborated with the Government of Telangana and the Department of Administrative Reforms and Public Grievances (DARPG), to facilitate seamless translation between English and Telugu, enhancing accessibility and understanding of essential paperwork like courtroom orders.
These strategic partnerships with main tech gamers and authorities our bodies signify a monumental leap ahead in India’s GenAI panorama, and underscoring Hanooman’s capabilities and dedication to delivering progressive options to companies and people alike.
The 12 Indian languages that the online and app are at present obtainable in embrace Hindi, Marathi, Gujarati, Bengali, Kannada, Odia, Punjabi, Assamese, Tamil, Telugu, Malayalam, and Sindhi. Additionally, Hanooman will help a bunch of worldwide languages, together with English, Spanish, Italian, German, Japanese, Korean, and 80 different languages worldwide.
Powered by 3AI Holding’s cutting-edge know-how, it combines specialised LLMs constructed with a dynamic integration synthesis matrix to ship clear, adaptive insights and rework advanced knowledge into actionable intelligence effortlessly. It is presently accessible in its free model, with the premium subscription plan to be launched later this yr. Along with its distinctive translation capabilities, Hanooman’s versatile options can deal with the whole lot from an off-the-cuff chat to providing skilled recommendation, in addition to carry out advanced technical duties like coding and tutoring.
With integration-ready pipelines seamlessly integrating into current merchandise, Hanooman goals to cater to 4 sectors, together with healthcare, governance, monetary companies, and training. Hanooman is ready to supply an open-source various to commercially accessible Large Language Models (LLMs) whereas offering a closed-source mannequin tailor-made for enterprises in want of on-premise options.
Dr. Vishnu Vardhan, Co-Founder & CEO, SML India, stated, “Hanooman represents a brand new period of AI innovation in India. With its launch, we goal to impression the lives of 200 million customers throughout the first yr alone. 80 % of Indians can’t use English, therefore, Hanooman’s capabilities to help Indian languages will carry Gen AI to the attain of everybody in India and open large alternatives for firms and startups bringing Gen AI merchandise to the market.
We envision Hanooman not solely as a technological marvel but additionally as a catalyst for societal change. We see Hanooman as a cornerstone of India’s financial future, unlocking the huge potential of GenAI to drive innovation, productiveness, and prosperity throughout varied sectors.”
Arjun Prasad, Managing Director of 3AI Holding, stated, “Our mission is obvious: to make sure that AI is not only a privilege for a couple of, however a software accessible to each Indian. Hanooman embodies this dedication of democratising entry to cutting-edge know-how to each Indian. What units Hanooman aside is that it’s constructed in India, constructed for India, and saved in India (knowledge). Through our strategic partnership with SML India, we attempt to cater to a various spectrum of customers, making AI inclusive and obtainable to everybody, no matter their ethnicity or location. We strongly imagine that by empowering people with GenAI, we are able to unlock unprecedented alternatives for innovation, thereby contributing to the expansion of the nation.”
The strategic partnership between SML India and 3AI Holding displays a dedication to the basic mission of ‘AI for All.’ By collectively proudly owning Hanooman, each the entities are devoted to democratizing the GenAI house and bridging the hole between city and rural India. The platform’s launch marks a major milestone in India’s AI journey, positioning the nation as a world chief in AI adoption and innovation.
Hanooman is now obtainable for obtain in India and might be accessed by the online and cellular utility for Android customers on the Play Store.
The forthcoming IOS app will quickly be obtainable for obtain on the App Store
Attention mobile-gamers! Brace yourselves for a fresh take on battle royale with Bullet Echo India. KRAFTON India and ZeptoLab’s latest free-to-play mobile shooter emphasizes strategic thinking and tactics. Experience a unique top-down view with limited flashlight visibility, adding a new layer of challenge. Get to know the popular heroes, each boasting special abilities, and team up with friends to conquer the game today!
Stalker: Ghost in the Machine
With the ability to vanish into thin air, Stalker excels at flanking enemies and launching surprise attacks. Master the art of silent movement and become a shadow, striking fear into unsuspecting opponents.
Players can also avail of the BGMI skin for Stalker for free by logging in for 10 days.
Skills:
Invisibility – The hero becomes invisible for a limited time, but any damage taken removes the invisibility effect!
Team healing – The hero restores health to himself and allies within a specific range but is slowed down during the process
Passive skills – Reduction in heroes’ running loudness, increase in maximum health and movement speed, and more
Sparkle: Shotgun Maverick
An ambusher-class shotgun user, when the squad needs a health boost, Sparkle delivers. This hero offers consistent support, keeping teammates in the fight with healing auras and dealing damage with her powerful grenades. Sparkle’s presence can be the difference between victory and defeat.
Skills:
Grenade – The hero tosses a grenade that detonates after a while, dealing heavy damage to everything in the affected area
Team recovery – Restores health and armor to heroes and allies within a specific range
Passive skills– Increase in hero’s movement speed, weapon damage, maximum health and more
Bastion: The Walking Fortress
Bastion provides a strong defense for you and your team. He is equipped with a fast-firing, medium-damage minigun. He can deploy a shield, creating a haven for yourself and your allies. Bastion excels at absorbing enemy fire, making it the perfect anchor for your team. This playstyle is ideal for players who enjoy supporting their squad from the frontline.
Skills:
Shield – The Hero creates a mobile shield that has high durability and stops damage from most weapons. Hero’s movement speed is decreased during shield deployment
Battle kit – Restores health and armor for the hero. While in use, the Hero is slowed down for a short amount of time and loses shooting ability for the same duration.
Passive skills – Increase in hero’s armor, health, weapon damage, and more
A350, the aircraft of choice for IndiGo’s long-haul ambitions
A320 Family has powered IndiGo’s expansion in domestic, and regional markets
TOULOUSE: IndiGo, India’s largest airline, has placed a firm order for 30 Airbus A350-900 aircraft. The order will help expand IndiGo’s international network to long-haul destinations.
India, the world’s fastest-growing major aviation market, is on the verge of an international travel boom as the economy grows and household incomes rise. The A350 is perfectly positioned to serve the country’s aspirations for long-range travel. The choice of the A350 is a reaffirmation of IndiGo’s continued trust in Airbus and is yet another validation of the aircraft as the undisputed leader in long-haul air travel.
“Today’s historic moment marks a new chapter for IndiGo and will further shape the future of the airline and for Indian aviation at the same time. For IndiGo, after successfully pioneering the Indian skies with an unprecedented journey, its fleet of 30 Airbus A350-900 aircraft will allow IndiGo to embark on its next phase of becoming one of the leading global aviation players. At IndiGo, we take pride in being India’s preferred airline and for offering connectivity to our customers, in and with India. This reaffirms IndiGo’s belief in, and commitment to, the growth of India, and in our strategic partnership with Airbus,” said Pieter Elbers, CEO, of IndiGo.
“A heartfelt thank you to IndiGo for putting its trust in Airbus once again, and to our respective teams who negotiated this agreement for 30 A350s. IndiGo’s first widebody order opens an exciting new chapter in our close partnership. We are proud that our fuel-efficient, next-generation A320 Family revolutionized domestic air travel in India, and that now the A350 is poised to replicate the same success on long-haul routes,” Benoît de Saint-Exupéry, Airbus EVP Sales, Commercial Aircraft.
Bound in a relationship of symbiotic growth with India for more than half a century, Airbus products and services have catalysed the growth of the country’s civil aviation sector. While the Airbus A320 Family is supporting the democratisation of air travel in India, the A350 has become the reference aircraft to unlock the true potential of the international market for the Indian carriers.
IndiGo is among the fastest growing airline companies in the world, and is one of the largest A320 Family customers.
The A350 is the world’s most modern and efficient wide-body aircraft in the 300-410 seater category. The A350’s clean sheet design includes state-of-the-art technologies and aerodynamics delivering unmatched standards of efficiency and comfort. Its new generation engines and use of lightweight materials bring a 25 percent advantage in fuel burn, operating costs and carbon dioxide (CO2) emissions, compared to previous generation competitor aircraft.
(L-R) Celebrity mommies including, Neha Swami Bijlani, Chandana Sharma, Tejaswini Kolhapure Saraswat, (also Entrepreneur), Ritu Mehta, Centre Director – Phoenix Mall of Asia & Senior VP Marketing South, Udita Goswami, (also Music Producer), Debina Bonnerjee, Vandana Sajnani Khattar, (also Producer and Chef), Kishwar Merchantt, (also Entrepreneur) at the inauguration of ‘Dreamland: Rainbow Rex Park’ at Phoenix Mall of Asia.
The two-month-long fiesta brings alive a dazzling escapade into the realm of vivid colors and mesmerizing characters amid summer fun
BENGALURU: Phoenix Mall of Asia, renowned for its unparalleled shopping excellence has proudly launched “Dreamland: Rainbow Rex Park” – a mesmerizing summer spectacle of two months that promises to transport visitors into a world of vibrant hues and enchanting characters. At the core of this colorful extravaganza stands India’s tallest 50-foot-tall Rainbow Rex inflatable installation, along with other larger-than-life characters of international standards, which changes colors upon every tap. On the grand opening day, amidst the buzz of excitement and anticipation, celebrity mothers Debina Bonnerjee, Kishwer Merchant, Udita Goswami, Neha Bijlani, Vandana Sajnani, and Tejaswini Kolhapure along with their kids launched the event amongst lights, colors, confetti and lots of laughter. A host of leading Bangalore-based influencers also attended the event adding more grace and giggles to the pre-existing high standards of Phoenix Mall of Asia’s events.
Guests at Dreamland stepped into an enchanting world of Rainbow Rex’s Colourful Adventure at Phoenix Mall of Asia’s Dreamland! The immersive summer decor, bursting with vibrant hues and interactive experiences, transforms the mall into a whimsical wonderland. Led by the cheerful guardian of color, the 50-foot-tall Rainbow Rex, guests embark on a playful journey through inflatable structures and engaging activities to celebrate the joy of childhood.
Visitors at Phoenix Mall of Asia experienced a kaleidoscope of activities, from grooving to famous music band performances to enjoying cheerful magic shows and mesmerizing bubble displays. They unleashed their happiness with friends and family while enjoying lively clown antics, skilled jugglers’ performances, and engaging workshops. The colorful storytelling of the summer carnival captivated young minds with enchanting tales of Rainbow Rex’s adventures, creating an unforgettable experience for all. And to make it even more interesting they had some top-of-the-line Mommy celebrities for the touch of glamour and fun.
Dreamland at Mall of Asia beckoned visitors with towering inflatable structures that reached for the sky, creating a breathtaking landscape that dwarfed all who entered. At its center stood Rainbow Rex, the vibrant guardian of color, radiating infectious energy that captivated all who beheld him. With eyes like jewels and laughter echoing through the halls, Rainbow Rex guests explore a world of creativity and opulence. But Rainbow Rex is not alone in this extravagant journey; a lively ensemble of inflatable characters, each with its unique charm, joined the adventure. From the vivacious Coco to the intrepid Ruby, from the visionary Hue to the resplendent Sparkle, these characters brought “Dreamland: Rainbow Rex Park” to life, offering an experience that transcended age and sparked the imagination.
The magical journey didn’t stop there – “Dreamland: Rainbow Rex Park” isn’t just an attraction; it is a luxurious experience designed to create lasting memories. Visitors embarked on a whirlwind adventure where every moment is a masterpiece waiting to unfold. Amidst vibrant colors and enchanting characters, guests enjoyed photo ops and selfie points, specially installed for parents to capture moments of laughter and joy with their children. Each visit is a treasure trove of cherished memories.
Ritu Mehta, Centre Director of Phoenix Mall of Asia & Senior VP Marketing South, expresses her excitement, saying, “We are ecstatic to introduce ‘Dreamland:, Rainbow Rex Park’ to Bengaluru, with India’s tallest 50-foot installation. This summer, we invite families to join us on a magnificent journey where every hue sparks curiosity and awe. At Phoenix Mall of Asia, we are committed to offering unparalleled experiences, blending luxury, entertainment, and convenience to exceed every expectation. The experience that we wanted to create here was not just opulence but than life colorful summer spectacle with our beloved Rainbow Rex and his friends giving an all-new immersive feeling to the children and parents alike which would resonate with the ambiance and grandeur of Phoenix Mall of Asia.”
“Being an ardent admirer of socio-cultural enrichment, we, at Phoenix Mall of Asia always put our best effort to bring the highest level of luxury, entertainment & leisure to our visitors. Through introducing ‘Dreamland: Rainbow Rex Park’, this summer in Bangalore, we are opening the door of magic and opulence for both children and their parents to indulge in a colorful spectacle and immerse themselves in a world of curiosity and joy. We appreciate the endless dedication our team has showcased perfectly mirroring the ambiance and grandeur of Phoenix Mall of Asia and promising lifetime memories to our guests. Like installing India’s tallest inflatable of 50-ft this time, we aim to bring many more unique features to this celebration in the coming years.”, said Gajendra Singh Rathore, President Malls South, The Phoenix Mills Ltd on their two-month long summer campaign.
However, “Dreamland: Rainbow Rex Park” is just one part of the huge adventure. Phoenix Mall of Asia offers top-of-the-line entertainment zones for both kids and grown-ups, such as Funcity and Time Zone, where ‘enjoyment’ becomes an understatement. Besides, a lot of excitement is also on the way for the upcoming arrival of Hamley’s store which promises to be an absolute joyride for the kids and parents alike. The Mall has some of the best kids wear brands including Adidas Kids, Jack & Jones, Kate & Oscar, MANGO Kids, Tommy Hilfiger Kids, and Nautica Kids. South India’s largest PVR INOX Megaplex has also recently launched in the Mall of Asia, giving it a wholesome touch of entertainment and leisure while turning the mall into a hub of excitement and fun for visitors of all ages.
Attendees of Dreamland will be treated to a magical adventure where every moment will be a masterpiece waiting to be unveiled. Aligned with the Phoenix Mall of Asia’s aim to be an experiential center for Bangaloreans and those visiting the city, the magical larger life experience of “Dreamland: Rainbow Rex Park” truly was an epitome of running the imagination wild in a summer of fun and fantasy.
Category-wise Electric Vehicle sales April 2024| India
Total Registered Electric Vehicle Sales – Apr’24 -1,14,910 I March’24 -2,12,502
Source: Vahan Dashboard. Data as per 1360 out of 1503 RTOs across 34 out of 36 state/UTs
In April 2024, electric vehicle (EV) sales in India showcased an overall decrease across different categories compared to March 2024. Electric two-wheelers (E2W) substantially decreased from 139,288 units in March to 65,057 units in April. Similarly, E-rickshaw sales experienced a decline from 37,352 to 31,796 units. The category of E3W L5 Passenger vehicles also witnessed a notable decrease from 11,777 to 4,271 units. E-cart sales slightly decreased from 5,090 to 4,220 units. However, there was a significant drop in E3W L5 Cargo vehicles, plummeting from 6,554 to 1,745 units. Electric four-wheelers (E4W) also declined from 9,383 to 7,290 units. Sales of electric buses (E Bus) decreased from 414 to 211 units. Additionally, other EV categories collectively saw a decline, from 1,757 to 320 units.
Category wise-Sales Trend from April 2023 to April 2024
16,83,600 EVs sold in the last 12 months from May 2023 to April 2024
Source: Vahan Dashboard. Data as per 1360 out of 1503 RTOs across 34 out of 36 state/UTs
From April 2023 to April 2024, India witnessed a steady rise in electric vehicle (EV) sales, totaling 1,683,600 units. The sales trajectory commenced in April 2023 with 111,355 units, followed by a peak in May 2023 at 158,459 units. A minor dip was observed in June 2023, with sales declining to 102,639 units due to reduced subsidies. However, sales rebounded from July 2023 onwards, reaching 116,628 units in July, 127,188 units in August, and 128,545 units in September. October 2023 saw a further increase to 140,348 units, followed by 154,056 units in November and 141,878 units in December. The trend continued into 2024, with January recording 144,397 units sold and February totaling 141,510 units. March 2024 marked a significant milestone as EV sales peaked at an all-time high of 212,502 units. However, there was a slight decrease in April 2024, with sales totaling 114,910 units, ending the twelve-month period on a slightly lower note compared to the preceding month.
The penetration percentage of electric vehicles (EVs) in the two-wheeler (2W) category declined from 9.1% in March 2024 to 4% in April 2024.
High Speed E-2Wheeler Sales Trend by OEM
Source: Vahan Dashboard. Data as per 1360 out of 1503 RTOs across 34 out of 36 state/UTs
Note: Low speed Electric 2 Wheelers data is not included
Top players for the month are OLA Electric, TVS Motors and Bajaj Auto. Greaves Electric Mobility and Ather Energy registered strong Y-o-Y decline.
Fuel-wise 3W Passenger L5 Sales Trend
E-3W Passenger L5 Sales Trend by OEM
The top 3 brands for April 2024 regarding the number of electric passenger 3Ws registered are Mahindra Last Mile Mobility Ltd, Bajaj Auto and Piaggio Vehicles.
Fuel wise 3W Goods L5 Sales Trend
E-3W Goods L5 Sales Trend by OEM
In April 2024, the electric three wheeler goods sales were led by Mahindra Last Mile Mobility, OMEGA Seiki and E Royce Motors.
E-rickshaw Sales Trend by OEM
In April 2024, the e-rickshaw sales were led by YC Electric, SAERA Electric and Dilli Electric.
E-cart Sales Trend by OEM
Source: Vahan Dashboard. Data as per 1360 out of 1503 RTOs across 34 out of 36 state/UTs.
In April 2024, the e-cart sales were led by YC Electric Vehicle and Dilli Electric.
OEM wise E-4W Sales, April 2024
Others include Audi, Porsche, JLR etc.
Source: Vahan Dashboard. Data as per 1360 out of 1503 RTOs across 34 out of 36 state/UTs.
Tata Motors is the clear leader, with over 67% of the market share, followed by MG Motors and Mahindra & Mahindra.
OEM wise Electric Bus Sales, April 2024
Source: Vahan Dashboard. Data as per 1360 out of 1503 RTOs across 34 out of 36 state/UTs.
Tata Motors sold the most electric buses in April 2024, followed by Olectra Greentech and JBM Auto.
For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city- and state-wise- check out the EVreporter Data Portal here and subscribe.
Recognising India’s fast-growing electric vehicle (EV) market, the Atal Incubation Centre (AIC) at the Indian School of Business (ISB) has unveiled VoltUp – a 4-month EV accelerator program. EVreporter is a media partner for the program. VoltUp aims to empower high-potential startups operating in diverse segments of the EV ecosystem. From charging infrastructure and battery technology to low-cost manufacturing, recycling, sustainability, financing, and mobility solutions, the program aims to foster innovation across the board.
EVreporter’s team interviewed Mr. Naman Singhal, CEO at AIC-ISB, to delve into the details of the VoltUp program. Here is an excerpt from the interview.
What inspired the Atal Incubation Centre (AIC) at the Indian School of Business (ISB) to launch the VoltUp EV Accelerator Program, and what is its objective?
The VoltUp EV Accelerator Program was inspired by the immense potential of the electric vehicle (EV) market and the necessity to support startups in this burgeoning sector. Our primary objective is to catalyze innovation, accelerate the growth trajectory of promising EV startups, and contribute significantly to the sustainable evolution of the transportation landscape in India.
What kind of support can the selected startups expect to receive from the program?
Selected startups in the VoltUp program can expect comprehensive support tailored to their specific needs. This support includes access to seasoned industry mentors, networking opportunities with potential partners and investors, specialized workshops and training sessions to enhance their skills and knowledge, assistance in refining their product offerings and validating their market strategies, and guidance in navigating the fundraising landscape and scaling their ventures effectively.
Can you provide an overview of the program’s schedule, including the timelines and various phases participating startups will go through?
The VoltUp program is meticulously structured with multiple phases, each strategically designed to maximize the growth potential of participating startups. It typically encompasses an initial phase of application and selection, followed by an intensive acceleration phase featuring workshops, mentoring sessions, and hands-on support. The program culminates in a high-profile demo day where startups showcase their innovations to a curated audience of investors and stakeholders. Post-program, startups receive continued support to ensure sustained growth and success.
What kind of investors are expected to partner with the program? Would it be possible to share the names of some of the investors?
In our pursuit to empower EV startups, we are forging partnerships with a diverse array of investors ranging from venture capital firms and corporate investors to angel investors and impact investors. Some of the investors who are collaborating with us for the program include Mumbai Angels, Java Capital, Theia Ventures, Transition VC, and more. These esteemed investors bring a wealth of experience and resources to the table, further enriching the support ecosystem available to participating startups.
Apart from the program participation fee, are there any equity dilution or post-investment success fees that startups need to be aware of?
Startups participating in the VoltUp program need not worry about equity dilution or upfront post-investment success fees apart from the program participation fee. However, it’s important to note that there is a post-investment success fee, which is structured to align with the startup’s success. We aim to create an ecosystem where startups can thrive without the burden of unnecessary financial obligations, enabling them to focus entirely on their growth trajectory and market penetration.
How attractive do you think the EV market is from an investor’s perspective compared to other sunrise sectors like fintech, AI, etc.?
From an investor’s perspective, the EV market presents unparalleled opportunities driven by factors such as heightened environmental consciousness, supportive government policies, rapid technological advancements, and evolving consumer preferences towards sustainable mobility solutions. While sectors like fintech and AI are undoubtedly lucrative, the EV market’s potential for disruption and its alignment with broader sustainability goals make it an exceptionally attractive investment avenue.
Do you have any advice for startups operating in the EV domain that are actively seeking investments and are looking to apply to the Voltup program?
My advice to EV startups actively seeking investments and considering applying to the VoltUp program is to prioritize differentiation, scalability, and sustainability in their business models. It’s imperative to articulate a compelling value proposition, demonstrate tangible market traction, and outline a clear pathway for growth and expansion. Leveraging the resources, mentorship, and networking opportunities provided by programs like VoltUp can significantly enhance the visibility and credibility of startups, thereby increasing their attractiveness to potential investors.
About VoltUP Program
Key Focus Areas:
EV Manufacturing
Charging Infrastructure
Battery Technology
Recycling & Sustainability
E-Mobility
Program Offerings:
Need Assessment
Masterclasses & Workshops
One on One Mentoring
Market Access & Scale-up Support
Fundraising Support
Networking
Strategic Partnerships
Startup Toolkit
Eligibility Criteria:
To be eligible for VoltUp, startups must meet the following criteria:
Minimum 1 year of incorporation
Post MVP stage or advanced product stage
Pre-revenue stage with scalability potential
Open exclusively to startups incorporated in India
Program application fee: INR 20,000 + GST
Timelines
Application Deadline: 10th May’24
Shortlisting and Evaluation: May’24
Program Phase: June’24 to September’24
Demo Day (Investor Pitching): October’24
Shortlisted startups will be notified and provided with further instructions and details regarding their participation in the program.
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At the 2020 Summer Olympics in Tokyo, India recorded seven podium finishes — one gold, two silver medals and 4 bronze medals. Viren Rasquinha, CEO, Olympic Gold Quest (OGQ), the previous captain of the Indian Hockey Team, believes that there’s each probability for the nation to succeed in the double-figure mark and win greater than 10 medals at the upcoming video games in Paris, which is able to happen from 26 July to 11 August.
Rasquinha now dons the hat of an administrator at OGQ, a not-for-profit organisation that goals to help and prepare Indian athletes to win the coveted gold medals at the Olympics and different worldwide sporting occasions. Currently 400 athletes — 300 Olympians and 100 Paralympians — are beneath the OGQ supervision. With India seeking to breach the double determine mark in Paris, among the gamers supported by the organisation might want to hearth for that dream to turn into a actuality.
Founded by ace Indian snooker participant Geet Sethi and Badminton legend Prakash Padukone — who can also be actress Deepika Padukone’s father — and included in 2001, OGQ roped within the hockey star in 2009.
“The mission of OGQ actually resonated with me. It gave me the platform to assist the subsequent technology of athletes do one thing which I couldn’t do, which is to win an Olympic medal,” the OGQ CEO mentioned throughout an unique interview with Connected to India’s Himanshu Verma.
“I additionally needed to make sure that the errors that have been finished throughout my taking part in profession, weren’t repeated for the subsequent technology of athletes,” he added. Rasquinha mentioned that the OGQ precept is to focus on excellence, a key ingredient for growing the nation’s medal tally at the largest sporting occasion.
The programme has to this point been profitable in its mission, taking part in a task in 9 of India’s 15 medals within the final three Olympic video games. It additionally works intently with the central authorities to coach athletes, after scouting them at a younger age. OGQ makes use of authorities infrastructure to coach the athletes, however offers them the tools and training, which is in any other case an costly affair.
One of the primary athlete to get a OGQ backing was Indian shooter Gagan Narang. In just some months, the athlete gained a bronze medal within the Men’s 10 m Air Rifle Event at the 2012 Summer Olympics in London. Another OGQ success story is shuttler Lakshya Sen. The 22-year-old is the previous world junior no. 1. Currently ranked 13 by the Badminton World Federation (BWF), Sen rose to the sixth place in 2022.
One of India’s brightest chances to win a medal at the Paris Olympics, Sen was scouted by the organisation when he was barely 10. He was skilled at Padukone’s academy in Bangalore, after being moved from his hometown in Almora, Uttarakhand, as a result of OGQ noticed his potential and backed him all through. “He was barely as much as my waist then. Now he’s two inches taller than me,” Rasquinha shared.
The organisation can also be meticulous about their working. No athlete is picked up on whim. The former Indian worldwide defined that months of analysis goes into the preparation of record and solely after an intensive verify, the OGQ takes gamers beneath its wing.
“Shooting wants to interrupt its duck,” Rasquinha mentioned. India of late hasn’t been capable of register medal within the sport at the mega video games. With the qualification of over a dozen Indian shooters at the Paris Games, the nation will hope to see some podium finishes from the contingent.
Watch the total interview to know extra about Rasquihna and OGQ.
Mumbai, India May sixteenth, 2024: In a pioneering step in the direction of bridging the gender hole in schooling in India, Educate Girls, a number one non-profit organisation, introduced its itemizing on the Social Stock Exchange (SSE) of the National Stock Exchange (NSE). Marked by a bell-ringing ceremony, the occasion distinguished Educate Girls as the first organisation devoted to ladies‘ schooling to be listed on the SSE. Educate Girls is among the many first 10 NGOs listed on this modern platform, alongside SGBS Unnati Foundation, Ekalavya Foundation, and Swami Vivekananda Youth Movement, who’ve additionally embraced the SSE to additional their missions.
