Archives September 2023

Hyderabad/Mumbai, India –16th September 2023 Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world’s most advanced data storage technology and services, concluded its 2nd edition of Pure/Accelerate 2023 in India yesterday in Mumbai. The conference, which brought together industry leaders, seasoned IT executives, and experts, highlighted Pure Storage’s achievement as the first technology provider capable of exclusively fulfilling all customer storage needs with all-flash.

This year, Pure//Accelerate 2023 India was bigger and bolder, with the company showcasing its latest innovations and providing insights into the future of data storage and management. The event witnessed an insightful keynote by Ajay Singh, Chief Product Officer of Pure Storage and Mark Jobbins, Field Chief Technology Officer, Asia Pacific and Japan, Pure Storage on vision for the future data center.

Executive Insight

“As the demand for data center capacity in India is set to double by 2025, the imperative for sustainable, AI-ready all-flash data centers becomes clear. At present, data centers account for approximately 1% to 2% of the world’s total energy consumption. The rapid advancement of technologies like AI, 5G, Robotics, and the Internet of Things (IoT) are further driving substantial data expansion. Pure Storage is at the forefront, enabling organizations to meet this challenge with energy-efficient, high-performance solutions that pave the way for a sustainable digital future.” – Mark Jobbins, Vice President and Chief Technology Officer, Asia Pacific and Japan, Pure Storage

“As India is gearing up to usher in a new era of AI cloud infrastructure, we recognize that modern data management is the key that unlocks its true potential. With our cutting-edge technology and unwavering commitment, we empower organizations embarking on their digital transformation journey, especially those in BFSI, Telecom, and Healthcare, to seamlessly manage, store, and harness data, thereby accelerating the realization of India’s AI ambitions.” – Ramanujam Komanduri, Country Manager, India, Pure Storage

The event also saw Pratyush Khare, Vice President, Systems Engineering, Asia Pacific & Japan at Pure Storage in conversation with Gaurav Kapoor, TV & Cricket Presenter and Angel Investor on the pivotal role data analytics plays in gaining competitive insights in sports.

Sudharshan Aravamuthan, Head of Systems Engineering, Pure Storage, Ameeta Roy, Head – Solution Architecture Team for Red Hat India & South Asia, Sudharshini MH, Leader – Cloud Infrastructure Software Group at Cisco India, Animesh Bansriyar, Head – Solution Architecture Emerging Markets APJ at Elastic and Christopher Boyle, Principal Technologist, A/NZ & India were part of an engaging panel discussion on the latest trends, advantages and challenges associated with the increasing adoption of Hybrid cloud, Cloud Native Workloads & Artificial Intelligence in enterprises.

The go-to storage partner for AI

As excitement over generative AI prompts a new wave of AI initiatives, the recent innovations announced will further Pure Storage leadership as the go-to storage partner for AI projects. Pure Storage supports leading-edge AI projects such as autonomous vehicle development companies and Meta AI’s Research Super Cluster (AI RSC), the largest AI supercomputer in the world. With Pure, customers can start their AI journey at any scale and grow as needs evolve.

Pure Storage anticipated the coming demand for AI years ago, with the introduction of FlashBlade® and its AIRI® (AI-Ready Infrastructure) solution, co-developed with NVIDIA. AIRI//S™ is a ready-to-deploy NVIDIA DGX BasePOD reference architecture for AI, developed by Pure Storage and NVIDIA and including the latest FlashBlade//S™ storage.

Amid the frenzy of online shopping mania, shopping malls are making a comeback, according to a cross-section of industry experts who deliberated over two days at the MAPIC India conference, which concluded on Thursday.

The demand for shopping malls is particularly driven by tier II and III cities, as the investments made in these markets over the past decade have started yielding results. Shibu Philips, Director of Shopping Malls at Lulu Group India, stated, ‘The average purchase value at a tier II mall was Rs 21,400, while in a metro city like Mumbai, it was Rs 24,000. People who have returned to their hometowns post-pandemic have aspirations supported by purchasing power.’

Endorsing Philips’ view, Praveen Govindu, Partner at Deloitte India, pointed out that Indian malls have approximately 1.5 times the daily footfall compared to high streets, with a 25-30 percent higher conversion rate. Additionally, 45 percent of customers spend more time at malls than at other shopping venues, such as high streets and local markets.

India, 16th September 2023 L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global digital engineering and R&D company, today announced the launch of the second-annual Digital Engineering Awards, in association with Information Services Group (ISG), a leading global technology research and advisory firm, and business news channel CNBC TV-18 in India.

The Digital Engineering Awards recognize and celebrate business and technology trailblazers who are crafting a smarter and more sustainable world through transformative ideas that leverage digital engineering.

Enterprises and their service providers are invited to submit nominations through October 5, with winners announced during a gala awards celebration on December 6 in Dallas, Tex., U.S.A. Enterprise award winners, selected by a global panel of industry experts, including representatives of ISG, will be named in nine categories – five team awards and four individual awards:

Engineering the Change Team Awards

• · Digital Transformation of the Year
• · Top Sustainability Initiative
• · Digital Engineering Program of the Year
• · Engineering Product of the Year
• · Value Realization

Engineering at Heart Individual Awards

• · Distinguished Digital Engineer
• · Digital Engineer of the Year
• · Woman Engineer of the Year
• · Innovator of the Year

The inaugural Digital Engineering Awards gala was held last year in Jersey City, N.J., United States, with 120 nominees, including over 70 industry-leading global enterprises, in attendance. Winners, both individual engineers and teams, included representatives from Airbus, American Honda Motor Co., Inc./ Honda Marine, Chevron, ExxonMobil, GE Healthcare, Intel Corporation, Microsoft, Rolls-Royce, and Qualcomm Technologies.

Remarking on the occasion, Mr. Amit Chadha, CEO and Managing Director at L&T Technology Services said, “We take immense pride in having witnessed the tremendous success of the maiden Digital Engineering Awards, which celebrated disruptive innovations across a broad spectrum of deep technologies, spanning automotive, aerospace, industrial products, telecom, plant engineering, and medical devices. As we persist in our unwavering commitment to engineering research and development, aiming to shape a future enabled by engineering marvels, we are eager to extend our endeavors in spotlighting extraordinary innovation and leadership that spearheads transformation towards a sustainable, digitally empowered tomorrow.”

“Digital engineering is the fabric that connects all facets of the digital world and makes future innovations possible,” said Michael P. Connors, Chairman and CEO of ISG. “Following the great success of the inaugural Digital Engineering Awards, we are delighted once again to collaborate with L&T Technology Services and CNBC-TV18 to recognize the outstanding work of individuals and teams whose groundbreaking innovations will shape the digital landscape for years to come.”

“The Digital Engineering Awards have a key role to play in celebrating the new-age digital solutions that are driving immense growth in the ER&D sector. Our role as media partner with L&T Technology Services aligns perfectly with the long-standing objective of our brands – CNBC-TV18 and Moneycontrol – to educate audiences about innovations and developments in the worlds of technology and business”, said S. Shivakumar: President, News18 Studios.

New Delhi, 16th September 2023 – In a world where technology and innovation reign supreme, Engineers’ Day is a momentous occasion to recognize and pay tribute to the unsung heroes behind the machines that shape our lives. Apollo Tyres is thrilled to announce the release of a heartwarming digital film that not only celebrates the spirit of Engineers’ Day but also underscores the invaluable contributions of engineers in our daily lives. Titled “Engineers: The Driving Force,” this film promises to be a delightful and enlightening experience for viewers.

In a society that often takes the marvels of modern machinery for granted, “Engineers: The Driving Force” takes us on a captivating journey into the heart of a state-of-the-art tyre factory. Through a fun and light-hearted narrative, the film brings to life the often-forgotten world of engineers who craft these intricate machines. As the first shift ends, the factory springs to life with the machines themselves taking center stage.

The film showcases a comical conversation among the machines as they humorously argue that they do all the hard work while engineers take all the credit. They playfully contend that machines don’t need engineers as much as engineers need the machines. However, as the conversation unfolds, an unexpected incident serves as a poignant reminder that engineers are, indeed, the true driving force behind these remarkable creations.

This digital film is a heartfelt tribute from Apollo Tyres to all the engineers who diligently work at their factory and across the nation. It encapsulates the essence of Engineers’ Day, emphasizing the vital role engineers play in our lives and the undeniable synergy between human ingenuity and advanced machinery.

Watch the digital film here: Engineers: The Driving Force

As a brand synonymous with quality and innovation, Apollo Tyres understands the pivotal role that engineers play in ensuring safety, performance, and excellence. This film underscores their commitment to recognizing and celebrating the tireless efforts of engineers who strive to make our world a better place through their inventions.

This Engineers’ Day, join Apollo Tyres in acknowledging the indomitable spirit of engineers and the vital role they play in shaping our world. Let us remember that while machines are impressive, they are only as extraordinary as the engineers behind them.

Gurugram16th September 2023 Balancehero India, the driving force behind one of India’s leading digital lending apps, TrueBalance, appoints Jayesh Jain as its Group Chief Financial Officer (CFO). Prior to joining Balancehero, Jayesh Jain served as the Chief Financial Officer at Hero FinCorp and PNB Housing and was a key leader at Gruh Finance, bringing more than two decades of exceptional financial leadership experience to the Balancehero India team.

His extensive background in the financial sector includes significant accomplishments, such as leading the Initial Public Offering (IPO) of PNB Housing Finance that raised Rs. 3,000 crore and capital worth Rs. 4,000 crore for Hero FinCorp. In his new role as Group CFO at Balancehero, Jayesh Jain will be responsible for enhancing the company’s growth trajectory.

Regarding the appointment, Souparno Bagchi, Group Chief Operating Officer (COO) at Balancehero, expressed his enthusiasm, stating, “We are truly delighted to welcome Jayesh as the Group CFO of Balancehero. We eagerly look forward to an exciting and mutually rewarding journey with him as we continue our mission of ‘Finance for All.’ Together, our commitment remains steadfast in making financial inclusion a reality for all.”

 

Jayesh Jain, the recently appointed Group Chief Financial Officer (CFO) of Balancehero, stated, “I am delighted to become a part of the Balancehero team. I look forward to contributing to the company’s extraordinary vision of delivering cutting-edge innovative financial solutions to its target group. It’s a privilege to be a part of a mission that positively influences the financial lives of the next billion population in our country and foster financial inclusion across the nation.”

Balancehero India, a wholly-owned subsidiary of Balancehero Pvt. Ltd. Korea, has witnessed an exceptional trajectory of success in recent years. In the fiscal year 2020–23, the company achieved a remarkable surge in net earnings, recording a 17-fold increase to reach Rs. 58.8 crore. Simultaneously, its revenue from operations experienced substantial growth, climbing from Rs. 244 crore in the previous year to an impressive Rs. 431 crore during the same period. This track record has firmly established Balancehero as a leading player in the digital lending landscape across India, dedicated to serving the credit needs of underserved and unserved segments.

Founded in 2014 by Korean entrepreneur Cheol-won (Charlie) Lee, Balancehero has established itself as a non-bank finance corporation, primarily through its digital lending app, TrueBalance. The company has expanded its services to over 1 million underserved users, spanning 85% of India’s pin codes, with a daily disbursal volume of 10,000.

Vizianagaram: ICICI Bank has set up a branch at Krishnarajapuram in Vizianagaram. This is the second branch of the Bank in the city. Housed at Ring Road, the branch has an ATM-cum-Cash Recycler Machine (CRM) to offer cash deposit and withdrawal services to the customers round the clock.

Ms. Nagalakshmi. S I.A.S. Collector and District Magistrate, Vizianagaram District, inaugurated the branch.

The branch offers a comprehensive range of accounts, including savings and current accounts, trade and forex services, fixed and recurring deposits, loans- business loan, home loan, personal loan, auto loan, and gold loan – along with remittance and card services. The branch also offers banking services to NRI customers. It further provides locker facility at its premises. It operates from 9:30 A.M. to 3:00 P.M on Monday to Friday, and on the first, third, and fifth Saturdays of the month.

The Bank has a network of about 230 branches and 480 ATMs in Andhra Pradesh.

ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centres, internet banking (www.icicibank.com), and mobile banking.

VitrA, the leading bathroom solutions brand of Eczacıbaşı Building Products Division, once again sets new standards in bathroom design with the introduction of their latest creation, the Liquid collection.

Liquid is a unique collaboration between Tom Dixon and VitrA, bringing the British designer’s philosophy of expressive minimalism to the bathroom. The collection evokes a sense of permanence with soft and rounded forms in durable white porcelain. The contrast and definition are delivered via a supporting cast of solid taps, showering solutions, and iconic accessories. Expressive in function and instinctive in use, the comprehensive collection encompasses enduring ceramic silhouettes and shapely brassware and showers – an integrated system offset by harmonious furniture.

The bones of this collection are the all-white ceramics, offset with signature chunky brassware in either gloss black or classic chrome finish – a quintessential and timeless core aesthetic for the bathroom. However, you choose to use it, Liquid is the foundation of a truly personal bathroom.

Extending sculptural ceramics beyond the traditional realms of basins and sanitaryware, the collection includes the unusual feature of a rotund, moulded ceramic stool – for use in the shower or anywhere else in the home.

Practical and slab-like ceramic countertops and shelves are an integral part of the Liquid language, while the soft-edged aesthetic also forms an expressive frame for an obround-shaped mirror with inbuilt lighting.

VitrA Liquid’s washbasins span an expressive range from discrete inset solutions to wall-hung, countertop and freestanding options. A butler’s sink, obround-shaped basin and a cylindrical high bowl are part of the armoury, along with a wall-mounted double basin. The countertop options are designed to rest on Liquid’s ultra-practical ceramic slab, and wall-hung variants can be paired with a ceramic pedestal.

A statement monoblock basin moulded as a single piece of ceramic is designed for use with wall or floor-mounted taps. In contrast, a wall-mounted basin extends the horizontal plane in a seamless integration of bowl and counter.

Tom Dixon’s signature conical theme is extended to expressive showerheads and controls, either wall or ceiling-mounted. An integrated hand-held showering option makes use of an innovative, easy-to-use magnetic connection, while a floor-mounted outdoor shower provides solutions for poolside and garden use.

The VitrA Liquid collection is designed to stand the test of time; the Liquid collection provides a vision for the bathroom of tomorrow – defining a new standard in bathroom products for home, hospitality, and commercial spaces.

Hyderabad/New Delhi,16th September 2023The Federation of Automobile Dealers Associations (FADA) hosted the fifth edition of the Auto Retail Conclave, focusing on the theme “Collaborate-Innovate-Accelerate” immediately after the 59th AGM. The conclave witnessed the presence of prominent figures automobile industry, alongside participation from over 500 dealer members representing various regions of the country.

The Conclave was inaugurated by Shri Nitin Gadkari, the honorable Union Minister of the Ministry of Road Transport & Highways, Government of India. Also present on the occasion were Mr. Vinod Aggarwal, President SIAM, Ms. Shradha Suri Marwah, President ACMA, along with Mr. Manish Raj Singhania, President FADA and Mr. C S Vigneshwar, Vice President FADA.

Hon’ble Chief Guest, Mr. Nitin Gadkari, the esteemed Union Minister of the Ministry of Road Transport & Highways, at the event stated that “I would like to extend my heartfelt congratulations to the automobile industry for India becoming the third largest automobile manufacturer in the world. However, our aspirations reach even higher—we aim to position ourselves as the world’s leading auto manufacturing hub, and this ambition will require a collaborative effort, uniting India’s strengths with global brands. The automobile sector holds a pivotal role, contributing a substantial 40% to India’s manufacturing GDP.

Furthermore, our initiatives in recycling materials such as Aluminium, Copper, Steel, Rubber, and Plastic components are poised to reduce automobile component prices by a significant margin of 25-30%. To strengthen our industry’s competitiveness, we’ve set up scrapping centers, welcoming dealerships to participate and even establish training centers. The scrappage policy promises to have a profound impact on our manufacturing costs, making us more globally competitive.”

Shri Nitin Gadkari further added I would encourage dealers to take in initiating scrapping centres, fitness centres, and driving training centers. This proactive step not only rejuvenates businesses but also aligns with our broader mission of promoting green mobility. Also, the government is committed to providing all necessary support for these initiatives.

Furthermore, I would like to extend my heartfelt appreciation to the dedicated dealer fraternity for their unwavering commitment to serving customers and urge OEMs to work closely with dealers to enhance revenue generation, recognizing them as integral components of automobile ecosystem. As our industry evolves and adapts to rapid changes, let us move forward together, with dealers, OEMs, and component suppliers working all together to achieve our goals going forward”.

Welcoming all the members from the entire automotive ecosystem at the Auto Retail Conclave, Mr. Manish Raj Singhania said, “Today, as we gather for the 5th Auto Retail Conclave, it marks a moment for collective aspiration. Our recent 59th Annual General Meeting allowed us to evaluate our growth trajectory. I extend a heartfelt salute to our esteemed minister, Shri Nitin Gadkari ji, for his visionary initiatives that have transformed India’s highways into world-class expressways, sparking a surge in vehicle sales. As stewards of road safety, we’ve launched our ‘Buckle Up Campaign’ to remind our customers of the crucial importance of safety on the roads.

He further added the automobile 2-wheeler industry is an important part of the mobility ecosystem, and hence urges the government to reduce the GST rate from 28% to 18% for entry-level 2-wheelers in the 100-125 cc range. This change isn’t just a policy adjustment; it’s a catalyst for socio-economic progress.

“Mr. Singhania urged the Presidents of SIAM and ACMA to present a unified front for a joint meeting involving SIAM, ACMA, and FADA to discuss issues that require collective attention. The time has arrived for all of us to adopt a more collaborative approach to innovate and accelerate toward a more resilient future.”

Auto retail encompasses more than the sale of vehicles; it encompasses road safety, employment, and sustainability. The Indian Auto Retail isn’t merely recovering; it’s thriving! In the last fiscal year, we witnessed a resurgence, achieving a record-breaking 21% growth rate with 22.1 million vehicles leaving our showrooms. Two-wheelers surged by 19%, three-wheelers by a staggering 84%, passenger vehicles by 23%, and commercial vehicles by an incredible 33%. Despite this remarkable progress, the 2-wheeler segment remains 20% below pre-Covid levels. In the last five months Auto sales have grown by 7%.

The conclave witnessed the unveiling of the Auto Dealers Day Logo, which is to be celebrated on the 19th of September. Alongside, a solemn road safety pledge with the honorable ministers underscored the importance of safety on our roads. Further enhancing the significance of the occasion was the launch of a coffee table book titled ‘Golden Dealerships in Auto Retail Business.

FADA felicitated HCIL for signing this New Dealer Agreement in accordance with FADA’s MDA, emphasizing the industry’s collaborative and forward-thinking approach. Honda Cars India Ltd. has exemplified its commitment to industry best practices by aligning its new dealership agreement in sync with FADA’s Modern Dealership Act draft. This proactive step, recognized and celebrated at the conclave, underscores HCIL’s dedication to robust dealer partnerships.

The conclave witnessed a series of sessions with industry abled leadership sharing their views & vision for the sector & its challenges. The key Power Panel discussion were on strengths and opportunities in 2-wheelers and 3-wheelers, followed by strengths and opportunities in Passenger Vehicles and Commercial Vehicles.

Panel 1: DSS’23 Strengths & Opportunities in 2-Wheelers and 3-Wheelers

The panel at DSS’23, “Strengths & Opportunities in 2-Wheelers and 3-Wheelers,” will discuss the key strengths and emerging opportunities in these industries. This includes affordability, urban mobility solutions, electric and autonomous technologies, and changing consumer preferences. The efficient panelist gave insights into the future potentials of these sectors.

The group business editor of Autocar India and Autocar Professional, Mr. Ketan Thakkar, moderated the panel, which included Dr Amitabh Saran, CEO, Altigreen Propulsion Labs, Mr. Diego Graffi, Chairman, CEO & Managing Director, Piaggio Vehicles Private Limited, Mr. Ravneet S Phokela, CBO, Ather Energy, Mr. Dharma Teja, Director, Ninestar Motorcycles Bangalore Pt Ltd

MOVE WITH META : Lead Generation Solutions for dealers session, led by industry experts Ms. Geetika Vig and Ms. Sharanbir Kaur from Meta, offers insights and strategies to empower dealers with effective lead generation in the digital age, enriching the conclave with cutting-edge expertise. Following this, there will be another session on “Turbocharge Your Business ROI with Google” led by Ms. Deepti Matai, Head of Industry, Auto, Google.

MoU signing ceremony between FADA and Lawyered

The MoU signing between FADA and Lawyered, in the presence of association members and Mr. Himanshu Gupta, Founder and CEO, of Lawyered and Mr. Gautam Saraf, Chief Strategy Partner , of Lawyered, empowering customers with the necessary resources and knowledge to make well-informed decisions in regard to issues related to Challans and Vehicle Seizures.

MoU signing ceremony between FADA and Obscurity

The MoU signing between FADA and Onsurity, in the presence of association members and Mr. Yogesh Agarwal, Founder & CEO, Onsurity and Mr. Kulin Shah, Co-Founder & COO, Onsurity signified a crucial step in their collaborative efforts to bring innovative solutions to the automotive sector and its stakeholders.

Panel 2: DSS’23 Strengths & Opportunities in Passenger Vehicles and Commercial Vehicles

The panel discussion was on strengths and opportunities for both the Passenger Vehicles and Commercial Vehicles sectors. The experts will explore the unique qualities and growth prospects in these segments, shedding light on the factors that drive their success in today’s dynamic automotive industry.

The panel will be moderated by Mr. Hormazd Sorabjee, Editor, Autocar India and leading industry expert such as Mr. Amandeep Singh, President LCV, International Operations, Defence, Power Solution Business, Ashok Leyland, Mr. HO Suri, MD & CEO, IFFCO TOKIO General Insurance Co. Ltd, Mr. Nalinikanth Gollagunta, CEO – Automotive Division, Mahindra Group, Mr. Rajesh Kaul, Vice President, Tata Motors Ltd – CVBU, Mr. Tarun Garg, Chief Operating Officer, Hyundai Motor India Ltd, Mr Vikas Pandey, Sr. Executive Vice President HDFC Bank and Mr. Sachin Shah, Director, Sutaria Auto Centre.

FADA Academy

With over 4.5 lakh employees in the dealership industry, FADA aims to strengthen the automotive sector’s workforce through the FADA Academy. Mr. Vinkesh Gulati, Chairman of FADA Academy & Research, discussed the academy’s future plans.

Dealer Satisfaction Study 2023 Presentation of Awards

An award ceremony was conducted to honor the winners of FADA’s 2023 Dealer Satisfaction Study, conducted with PremonAsia, a Singapore-based consumer-insight consultancy. The survey spanned diverse industries and regions in India, acknowledging top-performing OEMs in 2W, CV, PV (Mass), PV (Luxury), and elite categories. Also, the conclave featured the prestigious Golden Dealer Award presentation alongside felicitation of partners.

Introduction

New-age technologies such as Artificial Intelligence (AI) and Machine Learning (ML) have had a profound impact across industries, and the stock trading sector has been no stranger to their success. Today, several online trading platforms have integrated these technologies to enable task automation, improve decision-making, and generate new insights that allow new and experienced traders a fair chance at succeeding in the financial markets. AI-powered platforms like Zerodha, Shoonya by Finvasia, Angel One, Groww, Upstox, among others have heralded a new paradigm shift in trading, making stock markets more accessible for more people to participate in, while leveraging technology to enhance their overall experience. Here, we take a brief look at the future trends and innovations of AI that are expected to transform the landscape of stock trading to improve it further.

Increasing use of Machine Learning Algorithms

As AI technology advances, ML algorithms continue to play a vital role in analysing vast amounts of data and making predictions in online stock trading. These algorithms learn from past patterns, identify trends, and make more accurate predictions about market movements.

Natural Language Processing

NLP allows computers to understand and interpret human language. In the context of online stock trading, NLP can be used to analyse news articles, social media posts, and financial reports to extract valuable insights that can inform investment decisions.

Robo-advisory becomes mainstream

Robo-advisors are AI-powered platforms that provide automated investment advice based on an individual’s goals and risk tolerance. They are gaining popularity due to their low fees and ability to offer personalised recommendations without human intervention.

Trading Bots

AI-powered trading bots are designed to execute trades automatically based on predefined strategies or market conditions. These bots can analyse real-time data from various sources and quickly execute orders with minimal human intervention.

Better Risk Management with AI

Risk management is a crucial aspect of successful stock trading. Enhanced data analysis capabilities will be used by traders to analyse historical data, detect patterns, predict potential risks, and help make informed decisions regarding portfolio diversification or hedging strategies.

Enhanced Fraud Detection

Online stock trading platforms face challenges related to fraud detection and prevention. With the help of AI technology, these platforms will be able to detect suspicious activities in real-time by analyzing transactional data for anomalies or unusual patterns.

Application of Deep Learning Techniques

Deep learning is a subset of machine learning that uses neural networks with multiple layers for complex pattern recognition tasks. In online stock trading, deep learning techniques can be applied for tasks such as sentiment analysis or predicting market trends based on historical price movements.

Expansion of AI-driven Chatbots

Chatbots are already being used in various industries for customer service purposes. In online stock trading, AI-driven chatbots will be able to assist investors by providing real-time market information, answering queries about investments, or even executing trades through voice commands or text messages.

The continued evolution of AI in trading poses new possibilities and unique opportunities that were unprecedented before the advent of the technology. It opens horizons for both investors and financial institutions, enabling heightened efficiency and informed choices. It will be interesting to track the developments and transformations that this advanced technology begets, as the future of AI-powered stock trading dawns upon seasoned and new-age traders alike.

16th Sept 2023, New Delhi: The Services Export Promotion Council (SEPC), in collaboration with the Consulting Engineers Association of India (CEAI), successfully hosted a one-day Conclave on “Global Services Export Conclave on Engineering and Environmental Services: Sustainable Energy, Transportation, and Infrastructure” on September 15th, 2023, at Hotel Le Meridien, New Delhi.

The event commenced with welcome remarks by Mr Abhay Sinha, Director-General of SEPC. The special address was delivered by the esteemed Chief Guest, Shri Piyush Goyal, Ministry of Commerce and Industry, Consumer Affairs, Food & Public Distribution, Textiles.

Shri Piyush Goyal, Ministry of Commerce and Industry, Consumer Affairs, Food & Public Distribution, Textiles addressed the conclave by congratulating all engineers on the Engineer’s Day celebrated on the 15th of September. He said, “Such celebrations on this day as a conference truly reflects why and how we can best leverage the fact that we have a day dedicated and celebrated as Engineer’s Day. We must celebrate our success and at the same time find intelligent and smarter ways to integrate in the global economy.

This leveling up I believe is needed in the engineering sector as well. As engineers, I urge you to now reflect on how to go to the next step. The time has come for our engineering sector to have levels of engineers like generalists, specialists and a skilled workforce that supports them. Once we have this complete eco-system in place, we will be able to achieve the 100 billion dollars target on engineering services, design, construction and R&D by 2030. Identify countries where there are restrictive practices where they don’t give Indian talent the opportunity to bid or to participate and the government can sort that to ensure international growth.

There comes a time in the development journey of every country when the country defines itself afresh and pushes toward new resolutions. Today that time has come. We need to now aim to go international and the FTAs are opening doors to the services sector as well. Our negotiations of the FTAs also reflect that we are getting the best deals for our stakeholders, and it should be a win-win for both countries. The services sector has seen 55% growth in just 2 years and that is a remarkable approach.

We need to think smart, go global and seamlessly merge into international systems. We need to collaborate with stakeholders worldwide and grab opportunities for the sector.”

The Conclave witnessed some very distinguished speakers. The Conclave brought together key industry players, government officials, subject matter experts, and dignitaries. The objective was to identify growth opportunities, address challenges, and strategise methods to leverage India’s capabilities in the Engineering, Construction, and Environment services sectors. The primary goal was to create an action plan that would facilitate the growth of Indian companies in the export of services.

The significance of this conclave lies in its efforts to enhance engineering export services to diverse countries. To achieve this, it was imperative to inform stakeholders about available opportunities, understand their challenges, and determine the support required from government ministries to expand globally.

The Conclave featured several curated sessions, including Consulting Opportunities for Indian Companies, Emerging Business Opportunities in Consultancy Services Funded by Multilateral Funding Agencies, India’s Differentiated Offering for Global Markets: Sustainable Energy, Transportation & Infrastructure, Experiences, Issues, and Challenges in Doing Business in the Global Environment (Sustainable Transportation) and Emerging Global Opportunities in Sustainability & Energy Transition with Specific Reference to India’s Role in Shaping the Journey.

Addressing the conclave in his Vote of Thanks, Mr Karan Rathore, Vice Chairman, SEPC shared, “This conclave has provided an unparalleled opportunity for networking and knowledge exchange, with attendees gaining insights from prominent speakers, thought leaders, and experts during insightful panel discussions and interactive sessions. The Global Services Export Conclave exemplifies India’s commitment to promoting sustainable energy, transportation, and infrastructure services. As we work towards a more connected and greener world, together, we are defining a roadmap for growth that will benefit businesses and contribute to India’s global prominence.”

Mr. Abhay Sinha, Director General, SEPC, while welcoming the conclave in his address thanked the Ministry for their valuable and continuous support towards the services sector and SEPC. He added, “India’s services sector is the powerhouse of our economy, and it plays a pivotal role in our global positioning. It will not only enhance our presence on the global stage but also set a roadmap for sustainable growth, benefitting both our nation and the global community. SEPC as an organization has played a catalytic role in widening the perspective towards the services sector in India. India is moving ahead in all services streams and in the engineering sector we are the largest producers of engineers. So many projects which have been undertaken by Indian companies globally have helped build India’s position in the world. it reflects the commendable efforts by the engineering community. We thank them. I take this opportunity to welcome distinguished panels and speakers who would be sharing insights on how to work towards grabbing more opportunities in the engineering sector globally and how to address the challenges. By bringing together industry leaders and government officials, this conclave is a significant step towards harnessing these opportunities and charting the course for growth.”