NewsBizkoot.com

Tag: report

The Convergence Foundation and India Impact Sherpas Release a First-of-its-kind Report on Systems Change in the Indian Context
New Delhi, Delhi, India The Convergence Foundation, in collaboration with India Impact Sherpas, released their seminal report titled, ‘Systemic Impact Exemplars: Unique Approaches Towards Solving India’s Development Challenges.’ This report aims to identify and learn from organizations that have achieved significant impact by adopting the systems change approach.

These organizations-System Support Organisations (SSOs)-work in close collaboration with governments at the Centre as well as State levels, to create impact at a large scale. In addition to working with the governments and aiming for impact at the population scale, systems change involves solving the problem at the root cause; no quick fixes or band-aid solutions.

The Central and State Governments in India already spend a lot on social and economic development. In 2022-23, the cumulative social expenditure by the Central and State Governments amounted to Rs. 21.03 lakh crore, according to the Reserve Bank of India. However, despite substantial investments by the Indian government, there is still potential for accelerating progress towards achieving India’s development goals. More SSOs need to work with governments to provide technical and programmatic support for population-level impact. With this report, The Convergence Foundation and India Impact Sherpas aim to offer an actionable framework on how SSOs can work with governments to create outsized impact.

The report profiles 20 of India’s leading SSOs, shedding light on their innovative strategies and impactful initiatives. By showcasing real-world examples, the report seeks to inspire and inform other nonprofits, providing valuable insights into what works in the Indian context.

At the launch event, Vini Mahajan, Secretary, of the Department of Drinking Water & Sanitation, Ministry of Jal Shakti, commended the work and contributions of the 20 organizations profiled in the report. “Nonprofit organizations that have adopted the system change approach by implementing scalable pilots and working meaningfully with governments can contribute to large-scale change,” she said.

Ashish Dhawan, Founder and CEO of The Convergence Foundation, emphasized the importance of systems change in addressing the country’s complex challenges. He said, “The systems change approach is a pivotal idea that has the highest potential for transformation. We conceptualized this report to identify and learn from leading Indian organizations that have adopted systems change to inspire and inform other social purpose organizations by building evidence on what works in the Indian context.”

Highlighting the criticality of adequate financial resources to take on the country’s sticky challenges, Hari Menon, Director, India Country Office, Bill and Melinda Gates Foundation, said that “Systems change, anchored by government and supported by partners, holds the potential to deliver long-term transformation, enhancing the efficiency of development programs and creating lasting impacts on people’s lives. Achieving such change, however, takes time and will require philanthropists and other funders to provide committed support for organizations partnering with the government on systems change over an extended period of time.”

The report comprehensively examines various systems change practices, including
- Creating demand and alignment for change
- Grounding the Theory of Change in data, evidence, and research
- Informing the design and implementation of policy
- Designing and demonstrating scalable solutions
- Investing in population-scale platforms
- Strengthening institutional capacity in government
- Building partner networks for scale
- Creating viable markets for the underprivileged.
Each of these practices is explored in depth, providing valuable insights for organizations seeking to drive systemic impact and create meaningful change in India’s development landscape. The report serves as a comprehensive knowledge resource, intended to shape thinking on systems change. It outlines frameworks for how social purpose organizations can adopt it, and offers models on how SSOs can create disproportionate impact.
Mansi Praharaj
July 14, 2024
Sunteck Realty Ltd Reports Strong Operational Performance in Q1 FY25 with Pre-Sales and Collections on the Rise

Sunteck Realty Ltd

MUMBAI: Sunteck Realty Ltd has disclosed its key operational updates for the first quarter of the financial year 2025, showcasing impressive growth in pre-sales and collections. According to the report, pre-sales for Q1 FY25 stood at approximately Rs 502 crores, marking a significant 29.7% increase compared to the same period last year. Similarly, collections for the quarter amounted to around Rs 342 crores, reflecting a notable 18.8% growth year-on-year.

The performance summary provided by Sunteck Realty Ltd further highlights the positive trend, with pre-sales and collections figures for Q1 FY25 surpassing those of the previous quarter and the entire fiscal year 2024. Sunteck Realty Ltd emphasized that the disclosed numbers are provisional and subject to change.

Sunteck Realty Ltd’s strong operational performance in Q1 FY25 signals a promising start to the financial year, indicating potential growth and stability in the coming months. Investors and stakeholders are likely to view these results positively, as Sunteck Realty Ltd continues to demonstrate resilience and efficiency in its operations.

July 13, 2024
73 pc Indian firms plan to use GenAI to enhance security measures: Report

About 73 per cent of Indian organisations plan to harness generative artificial intelligence (GenAI) within the next 12 months to enhance security measures and align IT objectives with broader business goals, a new reportsaid on Monday.

However, only 8 per cent of organisations showed high confidence in effectively implementing GenAI technologies, according to the exposure management company Tenable.

“Despite the rise of AI, many Indian businesses are still developing their technology maturity and often lack the resources or skills needed to properly create, train, and implement AI, as well as maintain high standards of data governance,” said Nigel Ng, Senior VP, Tenable APJ.

The report surveyed 826 IT and cybersecurity professionals, including 52 Indian respondents conducted in October 2023.

Moreover, the report identified two major challenges hindering Indian organisations from utilising or optimising AI technologies — a lack of technological maturity (71 per cent) and uncertainty about the applicability of AI within their operations (54 per cent).

An aspect of concern highlighted by the report was the perception of GenAI as a greater security threat than an opportunity among 40 per cent of Indian organisations.

AI TECH GROWING FASTINTERNET

Internal misuse of GenAI emerged as a major concern, with 67 per cent expressing worry about potential misuse within their organisations. Additionally, 60 per cent said that providing sensitive data to open-source GenAI puts them at risk of intellectual property theft.

Despite facing significant challenges in adopting AI technologies, cybersecurity and IT leaders in India were optimistic about the potential benefits of GenAI.

Around 31 per cent believe GenAI can enhance preventive threat response, 42 per cent think it can automate security measures, and 40 per cent feel it can improve actionability, according to the report.

“The future holds great promise in leveraging GenAI’s evolutionary capabilities for preventive cybersecurity measures. This shift moves the needle on merging IT and security objectives and places importance on prioritising AI governance and using the technology responsibly,” Ng said.

With inputs from IANS

July 10, 2024
LOHUM to procure black mass from UK-based Recyclus • EVreporter

LOHUM, a Delhi-based lithium-ion battery recycler, has signed a black mass offtake agreement with Recyclus Group Ltd, a subsidiary of Technology Minerals Plc. Recyclus focuses on creating a sustainable circular economy for battery metals and operates in the UK.

Under this agreement, Recyclus will sell black mass produced at its lithium-ion battery recycling facility in Wolverhampton to LOHUM’s facility in India. This arrangement aligns with LOHUM’s strategy to source black mass from multiple partners to build its inventory. Black mass contains essential metals, including lithium, manganese, nickel, and cobalt, which can be reprocessed and reintroduced into the battery manufacturing supply chain. Recyclus has achieved a 47% recycling rate from end-of-life batteries to black mass at its Wolverhampton facility, as claimed by the company statement.

The partnership with LOHUM originated from Recyclus’ academic collaboration with the University of Birmingham, which included hosting a delegation from India. This collaboration and Recyclus’ participation in the UK and Indian Governments’ Innovating for Transport and Energy Systems (ITES) scheme have strengthened the relationship with LOHUM. The partnership aims to develop trade links and advance electrification. Together, LOHUM and Recyclus form a closed-loop materials ecosystem where Recyclus produces black mass and LOHUM extracts critical materials.

According to the official statement, LOHUM’s NEETM multi-stage Hydrometallurgical process recovers energy transition materials with a 95% yield and 99.5% purity rate. The company has partnerships with international and Indian EV brands, battery manufacturers, and materials companies, including Mercedes Benz Energy, MG Motor India, Log9, Ather, Vecmocon, Altigreen, and Stellantis India & Asia. LOHUM has also partnered with entities in Nepal’s EV ecosystem, including MG Nepal and Tata Motors Nepal.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: “We are delighted to secure our first black mass offtake agreement with Lohum Cleantech, India’s largest producer of sustainable energy transition materials. It is a strong endorsement for our battery recycling process and demonstrates the demand for black mass, which contains minerals crucial for the battery manufacturing sector and green transition. We are seeing increased commercial traction for our recycling solutions, and this deal further underscores our potential to build international trading partners as the world shifts to electrification.”

Rajat Verma, Founder & CEO of LOHUM expressed- “We applaud Recyclus’ success in extracting black mass with viability, and this partnership will effectively help both companies close the loop on battery raw materials. This partnership is also one of the world’s first examples of a circular materials ecosystem consisting of multiple recyclers in the same loop. The black mass recovered by Recyclus will be further refined at LOHUM to yield various critical minerals vital to the energy development and energy security of nations worldwide.”

Also read: LOHUM to produce LMFP Li-ion batteries | Appoints Chaitanya Sharma

Subscribe & Stay Informed

Subscribe today for free and stay on top of latest developments in EV domain.

July 10, 2024
India’s Data Revolution: Report predicts five-fold surge in capacity

India’s digital revolution is driving a five-fold increase in data centre capacity expansion, with an expected addition of 464 MW of new colocation data centre capacity annually until 2028. The demand for data centres is transforming India’s digital infrastructure, with growth seen across the country, not just in urban areas. The rise in the adoption of internet services, smartphones, social media, and OTT channels is fueling the demand for data centres.

The Indian government’s active promotion of digitalisation is expected to sustain the demand for data centres in the long term, presenting both opportunities and challenges for India’s digital transformation story.

India is on the brink of a digital revolution, with a steep rise in data usage and digital adoption driving this transformation. A report by Cushman and Wakefield predicts a five-fold increase in data centre capacity expansion in the coming years. This surge is not just about consumption; it’s also about creation and storage. India is expected to add 464 MW of new colocation data centre capacity each year until 2028, a formidable number that surpasses the capacity addition in 2022, which stood at 126 MW.

The demand for data centres is high, transforming India’s digital infrastructure. Both colocation data centres and cloud firm-owned data centres are being built at growing speeds over the last few years. While adding an average of 464 MW of Colo capacity each year until 2028 may seem like good delivery speed, India shall keep building more to capitalise on its digital transformation story.

The country’s digital growth is not just confined to urban areas. India’s colocation data centre capacity stood at 977 MW across the top seven cities in the second half of 2023. About 258 MW of Colo capacity came in 2023 alone. This indicates that the growth is pan-India, with a focus on areas that support robust infrastructure and have a concentration of tech and business activities.

The digital revolution in India is not just about infrastructure. It’s also about usage. The country is experiencing an exponential rise in the adoption of internet services, smartphones, social media, and OTT channels. This digital adoption is driving the demand for data centres. Over the next five years, India is likely to see the fastest growth in penetration of smartphones, internet, OTT subscriptions, and social media usage. This growth is expected to further fuel the demand for data centres.

The digital revolution in India is reminiscent of the dot-com boom in the United States in the late 1990s and early 2000s. However, the digital revolution in India appears to be more sustainable. The growth in demand for data centres is driven by a genuine increase in digital adoption, rather than speculative investment. Moreover, the Indian government is actively promoting digitalisation, which is likely to sustain the demand for data centres in the long term.

The digital revolution in India is driving a significant increase in the demand for data centres. This demand is expected to result in a five-fold increase in data centre capacity expansion in the coming years. The growth is driven by a steep rise in data usage and digital adoption, with India likely to see the fastest growth in penetration of smartphones, internet, OTT subscriptions, and social media usage over the next five years. This digital revolution presents both opportunities and challenges for India, as it seeks to capitalise on its digital transformation story while ensuring that the benefits of digitalisation are equitably distributed.

June 27, 2024
5G subscriptions projected to reach 840 million in India by 2029 end: Report

IANS

5G subscriptions are projected to reach round 840 million in India by the top of 2029, accounting for 65 per cent of cellular subscriptions in the area, a brand new report confirmed on Wednesday.

According to the Ericsson Mobility Report, complete cellular subscriptions in the area are estimated to develop by 1.3 billion in 2029.

“The June 2024 Ericsson Mobility Report exhibits continued sturdy uptake of 5G subscriptions. Enhanced Mobile Broadband and Fixed Wireless Access are the main use instances, with indicators that 5G capabilities are influencing service suppliers’ Fixed Wireless Access choices,” mentioned Fredrik Jejdling, Executive VP and Head of Networks, Ericsson.

On a world stage, researchers estimated that 5G subscriptions can be shut to 5.6 billion by the top of 2029.

5G is anticipated to account for about 60 per cent of all cellular subscriptions by the top of 2029 globally.

5G communityPixabay

Moreover, the report talked about that India has made large-scale mid-band deployments, reaching over 90 per cent inhabitants protection by the top of 2023.

5G subscriptions in India reached round 119 million and 5G penetration reached 10 per cent by the top of 2023.

Meanwhile, the federal government started the public sale of 5G spectrum value Rs 96,238.45 crore for telecom providers. The complete quantum of spectrum being auctioned is 10,522.35 MHz in numerous bands.

The 5G spectrum public sale is witnessing participation from three bidders: Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm.

(With inputs from IANS)

June 26, 2024
Smile Train’s Transformational Impact On Cleft Care Across India Highlighted In ‘Quality Of Life And Impact Report’ Released In Lucknow

SmileTrain

Since 2000, Smile Train has supported more than 700,000 cleft surgeries across India

NEW DELHI: Smile Train, the world’s largest cleft-focused NGO, released an in-depth assessment report today showcasing the transformative impact of Smile Train’s cleft care interventions across the country in twenty years. Compiling data collected by consulting firm KPMG. The report deployed three research methodologies to get a holistic view of the social impact of Smile Train’s programs supporting cleft care over two decades. The report also highlights the USD 16 billion impact created in India through Smile Train’s investment in cleft treatment since 2000.

Since 2000, Smile Train has supported more than Seven Lakh cleft surgeries across India. The key findings from the study reinforce that Smile Train’s program in India is aligned with global Sustainable Development Goals (SDGs) and national priorities. It demonstrates the positive impact of Smile Train’s support in improving access to cleft treatment, enhancing hospital infrastructure, and positively influencing patients’ quality of life. All respondents indicated that Smile Train India’s support was crucial in addressing the challenges faced by individuals with clefts and their families.

Susannah Schaefer, Executive Vice Chair, President & CEO of Smile Train, stated, “As we celebrate the 25th anniversary of Smile Train’s founding as a global nonprofit, I want to take a moment to reflect on two-and-a-half decades of remarkable achievements. Since its inception, our goal has always been to provide comprehensive and sustainable cleft care. To commemorate this milestone, we commissioned two significant studies: an Economic Impact Study to analyze our work’s impact on the global economy, and the India-specific Quality of Life and Impact Report to understand how our support has impacted the lives of individuals with clefts and their families. The findings underscore the importance of our work and the need to continue expanding our reach to underserved communities as well as create a sustainable cleft infrastructure with critical partnerships and training.”

Speaking at the occasion, Mamta Carroll, Senior Vice President, and Regional Director of Asia, Smile Train said, “We are immensely proud to present Smile Train India’s “Quality of Life and Impact Report,” which encapsulates 20 years of our transformative work and its profound impact on the lives of countless individuals, including the medical community. This report marks a significant milestone in our unwavering commitment to equitable cleft care across India. The findings highlight Smile Train’s pivotal role in bridging gaps in cleft care, from improving medical infrastructure to supporting underserved communities.”

The cleft is a gap in the upper lip and/or the roof of the mouth (palate) and is a facial birth difference that affects one in 700 babies. An untreated cleft condition not only leads to facial differences in appearance, but health challenges related to eating, breathing, hearing, and speaking. Many children with clefts get bullied in schools and colleges and end up living in isolation.

June 21, 2024
New Relic Report Shows Outages Cost Energy and Utilities Providers Over $34 Million Per Year

Bangalore, June 20, 2024: New Relic, the all-in-one observability platform for every engineer, printed its State of Observability for Energy and Utilities report, which affords insights and analysis on the adoption and enterprise value of observability for the energy and utilities enterprise. The report relies on insights from 132 experience professionals and was developed in affiliation with the 2023 Observability Forecast. The report findings current energy and utilities organizations are investing in observability, considerably AIOps and cell monitoring, to create real-time insights into their infrastructure and reduce outage costs and frequency.

The report highlights the importance of implementing observability, with 66% saying their group receives $1 million or additional in full value from their observability funding per 12 months—higher than each different enterprise. Based on annual spend and annual value acquired estimates, energy and utilities organizations acquire nearly a 3x median annual return on funding (ROI). The report findings moreover current that the energy and utilities sector see observability as integral to their enterprise, with 50% of IT decision-makers noting that observability helps them arrange a experience approach.

“Nobody needs their lights to exit with out warning. This implies that uptime and reliability is a excessive priority for energy and utilities suppliers,” talked about New Relic Chief Design and Strategy Officer Peter Pezaris. “Implementing and maturing their observability observe affords a path forward for energy and utilities suppliers, creating bigger visibility and faster time to choice.”

AI adoption is on the rise

The extremely efficient combination of observability and AI can help organizations to create a bigger understanding of telemetry data and deal with the challenges associated to ever-expanding data items. More than half (56%) of respondents from energy and utilities organizations reported having deployed AIOps capabilities, along with anomaly detection, incident intelligence, and root set off analysis, with 89% planning to have AIOps deployed by mid-2026. AIOps can help energy and utilities organizations by contributing to operational effectivity and enabling faster response events. It helps teams acquire actionable insights and helps decision-makers to uncover learnings regarding system effectivity; bettering incident detection and choice.

Full-stack observability is important to outage low cost

Energy and utilities organizations expert outages on the subsequent charge than all totally different industries, with 40% experiencing high-business-impact outages on the very least as quickly as each week, as compared with the widespread of 32%. The median annual downtime for energy/utilities organizations was 37 hours, which is the most effective by a considerable margin all through all industries and 61% bigger than the overall widespread of 23 hours. This downtime significantly impacts the underside line for energy and utilities suppliers, with the median annual outage worth sitting at $34.31 million—the most effective decide as compared with all totally different industries.

The energy and utilities organizations that achieved full-stack observability observed substantial enhancements to suggest time to choice (MTTR), which can help the low cost of outage costs. Some 87% of those with full-stack observability talked about MTTR improved to some extent since adopting observability, as compared with 76% of respondents with out full-stack observability. Additionally, whereas the proportion of energy/utilities respondents using a single system has elevated since ultimate 12 months, rising from 2% to 3%, the widespread number of devices has remained unchanged at six devices 12 months–over–12 months. This signifies that suppliers are spending necessary time and money tool-hopping to larger understand the utterly totally different components of their enterprise and to resolve factors that lead to expensive outages and poor purchaser experiences.

“Observability platforms are proving to be important for energy and utility suppliers all through India. As uptime and reliability develop to be paramount to avoiding service disruptions, implementing and maturing observability practices affords a clear path forward. By gaining bigger visibility into their IT infrastructure, energy and utilities suppliers can acquire faster time to choice for factors, guaranteeing the lights carry on and operations run simply,” Peter Marelas, Chief Architect, APJ, New Relic.

Security is actually essentially the most extensively deployed performance

Energy and utilities suppliers are excellent targets for cyberattacks, which underscores the importance of performant group, security, and infrastructure monitoring. Security monitoring was basically essentially the most extensively deployed performance for energy and utilities organizations at 68%, and by mid-2026, nearly all (99%) respondents anticipated to have deployed security monitoring. Furthermore, the very best experience approach or improvement driving the need for observability amongst energy/utilities organizations was an elevated cope with security, governance, menace, and compliance (44%).

For additional data, view the State of Observability for Energy and Utilities report.

Customer spotlight

A frontrunner throughout the world energy enterprise, World Kinect regarded to New Relic to create bigger visibility into the effectively being of its infrastructure and functions. Thanks to the partnership, its engineering group has cut back downtime, decreased troubleshooting time by 75%, and is able to resolve factors faster. For additional data, be taught the Kinect case study.

Mansi Praharaj

June 20, 2024
9 in 10 professionals in India facing learning barriers: Report

Around nine in 10 professionals in India (91 per cent) are facing barriers such as feeling burnt out or family responsibilities that are getting in the way of learning new skills, a report showed on Tuesday.

Top barriers include a lack of time due to family responsibilities or other personal commitments (34 per cent), busy work schedules (29 per cent) and feeling overwhelmed by the amount of learning resources available (26 per cent), according to new research from professional networking platform LinkedIn.

In this era of AI, professionals must develop new skills to advance their careers. However, they are facing roadblocks in their learning journey.

IANS

According to LinkedIn data, skills needed for a job in India are expected to change by 64 per cent by 2030, so it is vital for professionals to be super-focused on learning, according to the report.

Meanwhile, ‘Loud Learning‘ — the act of being vocal and intentional about learning ambitions in the workplace — has emerged as a promising solution to this problem.

Around eight in 10 (81 per cent) professionals in India said this practice can help them dedicate time to improve their skills.

The key ways include sharing their learnings with teammates, sharing their learning journey or accomplishments on LinkedIn and informing their team members of their learning time blocks.

Eight in 10 (81 per cent) professionals in India said that seeing their peers engage in ‘Loud Learning’ will motivate them to do the same, the report mentioned.

With inputs from IANS

June 19, 2024
Budget 2024: Government may raise tax free income to rs 5 lakh. Report

Budget 2024-25: The central authorities may give a present to the decrease center class within the upcoming finances. He advised that the federal government can change the income tax slab to promote consumption.

The authorities believes that due to tax aid, folks can have extra financial savings, which they’ll use to purchase different issues. This will improve consumption within the nation and the already sturdy GDP development will get additional momentum. Let us inform you that the federal government will current the Budget 2024-25 within the second fortnight of July.

– Advertisement –(*5*)

The authorities is contemplating elevating the exemption restrict from income tax slabs from Rs 3 lakh to Rs 5 lakh within the upcoming finances, an official stated. This change will apply solely to those that file income tax returns beneath the brand new tax system. The purpose is to go away extra money within the fingers of low-income folks for spending.

Also Read: Post Office Super scheme, You will get month-to-month income of Rs 20,500 for full 5 years

It is vital to point out right here that the ultimate resolution on this regard can be taken when the finances date comes nearer. The authorities first carried out the brand new tax system in Budget 2020. The charges of this tax system are decrease than the outdated tax system. However, taxpayers don’t get the advantage of many forms of deductions and exemptions in tax. While submitting income tax returns, taxpayers have the choice to select both the brand new or the outdated tax system.

Under the outdated tax regime, taxpayers have been eligible for tax exemptions on numerous investments, insurance coverage, home allowance and go away journey allowance and many others. beneath numerous sections of the Income Tax Act.

Another official stated that business representatives have requested to scale back the utmost fee of income tax slab from 30 p.c to 25 p.c beneath the brand new tax system. However, this demand is unlikely to be thought of by the federal government.

“There is not any risk of a change within the higher restrict of income tax slabs as in the meanwhile there’s a want to enhance consumption for the decrease income group,” the official stated. He added that adjustments within the charges of the outdated tax slabs are additionally unlikely to be thought of.

– Advertisement –(*5*)

June 19, 2024