Archives 2023

New Delhi, 30th November 2023: Team Avaada Sunrisers, under the astute leadership of Captain Dhiren Bhatt and Vice-Captain Laxmikant Sharma, is poised to commence its journey in the esteemed CII Corporate Cricket League (C3L). The C3L, organized by the Confederation of Indian Industry (CII), is a premier cricket tournament that brings together corporate entities in a spirited display of skill and sportsmanship. The 2023 edition of the tournament is scheduled to take place from November 27 to December 3 at the Jamia Milia Islamia Grounds in Delhi.

The team, comprising dedicated and skilled individuals, has undertaken rigorous preparations for the forthcoming fixture against Maruti Suzuki Masters, scheduled for 27th Nov 2023.

The competition is set to unfold at the renowned Jamia Milia Islamia Grounds, where enthusiasts are invited to witness the contest and actively engage in supporting Team Avaada Sunrisers. For those unable to attend in person, a live stream will be available on YouTube, ensuring that supporters from around the globe can participate in the excitement remotely.

As the team readies itself for this prestigious tournament, the organization extends its gratitude to sponsors, supporters, and cricket aficionados alike for their unwavering backing. For real-time updates, exclusive behind-the-scenes content, and a comprehensive experience of the tournament, audiences can be witnessed on Team Avaada Sunrisers on social media handles.

Bangalore, 30 November 2023– Salesforce Consulting Practice and a distinguished global Tech Consulting boutique firm, Horizontal Digital, announce the strategic addition of Ritu Jhajharia as Associate Director. With a decade and a half of experience in Tech and Marketing, Ritu brings a wealth of expertise to further elevate Horizontal Digital’s global impact.

Ritu is an accomplished Marketing and Brand Communications Specialist with a proven track record in leadership roles, driving 360-degree integrated marketing initiatives for MNCs, startups and as a Co-Founder. She has had a distinguished journey across Fashion, Edtech, Banking sectors where teaching Marketing related subjects remained her constant. A published author and dynamic speaker, she excels in delivering measurable results and fostering business growth.

Revolutionizing Tech Consulting with Purposeful Innovation

Horizontal Digital stands apart not merely as a service provider but as a creator of meaningful and connected digital experiences. It goes beyond the conventional paradigm in tech business to strengthen the brand relationship with their customers. The company delivers a suite of tech consulting solutions and offering services such as CX Strategy & Design, and Sales, Service & CRM, Customer Data Management, Analytics & AI, and Marketing Automation.

Ritu Jhajharia expressed her excitement and said,”Being at the forefront of the marketing landscape in India, spending over 15 years in MarTech and being on all sides of the table, it was time for me to share my learnings, experiences and expertise with those who are looking to create transformational digital experiences. And there is no better arena to do this than consulting. I’m looking forward to making a big impact in the MarTech and CRM Consulting space and be part of shaping up the perception about Indian talent in the global market as a world-class client-facing consulting force to reckon with instead of being seen as mere offshore service providers for outsourcing. I’m going to focus on building and leading a strong team of consultants to play a key role in propelling the company’s growth. I am excited to join this dynamic and diverse global team, and the vibrant culture at Horizontal Digital which already feels like a breath of fresh air.”

Recently honored as the Marketing and Commerce Partner of the Year by Salesforce in the Middle East, Horizontal Digital stands as a beacon of diversity and growth. In a statement that resonates with Horizontal Digital’s commitment to transformative growth, Anil Pilania, Managing Director, Salesforce Technology Consulting, India, said,”Ritu coming onboard marks a pivotal moment for us. We’re not just a tech consulting firm; we’re creators of meaningful, omnichannel and connected digital experiences for our customers. Ritu’s addition aligns with our vision of fostering a culture of curiosity and consultative thinking. We’re not just orchestrating steady growth; we’re shifting orbits. Horizontal Digital is at the forefront of a transformative era, and we invite ambitious professionals in the country to join us on this exhilarating journey.”

Horizontal Digital invites forward-thinking professionals to join its vibrant community and be part of an exciting era of growth and innovation. ‘’At Horizontal, we continue to challenge archaic stereotypes about Indian talent. It’s time our skilled professionals show the world, not just as tech experts but as confident consultants, capable of putting technology into a real business context, solving real problems for real people. Collaborative work culture, supportive leadership and inclusive outlook form the core of how we look at building our company,’’ beams Anil Pilania.

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India, 30th November 2023: Universal Robots, the Danish manufacturer of collaborative robots (cobots), has announced that it will expand its leading product portfolio with a new 30 kg payload cobot.

UR30 is the second in Universal Robot’s new series of innovative, next-generation cobots and is built on the same architecture as the award-winning UR20. Despite its compact size, UR30 offers extraordinary lift, and its superior motion control ensures the perfect placement of large payloads allowing it to work at higher speeds and lift heavier loads.

This makes UR30 ideal for several applications, including machine tending, material handling and high torque screw driving. For machine tending, the high payload brings new possibilities as it allows the cobot to use multiple grippers at the same time. This means it can remove finished parts and load more material in one single pass, shortening changeover times and maximizing productivity.

UR30 will also effectively support high torque screw driving as it can handle larger and higher-output torque tools,​and thanks to a steady mode feature UR30 delivers straight and consistent screw driving. This will be beneficial in, for example, the automotive industry.

In addition to this, the 30 kg payload makes UR30 a great match for material handling and palletizing of heavy products across all industries, with the small footprint enabling it to fit into almost all workspace – relieving humans of the heavy lifting. Weighing only 63.5 kg, it can also be easily moved between work cells.

Commenting on the launch Mr. Kim Povlsen, President, Universal Robots said, “The higher payload and greater flexibility underpin a new era in automation. Industries around the world are embracing more agile manufacturing and modularity in production – part of achieving that modularity and agility is about mobility and this cobot delivers that despite its payload. As industries evolve, the UR30 not only meets but anticipates shifting demands, enabling businesses to adapt and respond to changing needs effectively. As we continue to innovate, the UR30 is another step in UR’s journey in pushing the boundaries of what is possible in the world of automation.”

New Delhi, 30th November 2023: The Executive Board and Supervisory Board of Vitesco Technologies Group AG (“Vitesco Technologies”) today published a joint reasoned statement pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz – WpÜG) on the voluntary public tender offer of Schaeffler AG (“Schaeffler”) dated 15 November 2023.

The reasoned statement considers the Business Combination Agreement (“BCA”), signed with Schaeffler today that sets out key parameters of the business combination and the framework for future cooperation between the two companies. In addition, Schaeffler today published an updated tender offer, which includes an increase of the offer price to EUR 94 per Vitesco Technologies share.

The Executive Board and the Supervisory Board of Vitesco Technologies (the “Boards”) agree with Schaeffler’s view that the creation of a combined company can bring significant strategic advantages in certain areas. They favour the fact that the synergies envisaged by Schaeffler will be achieved primarily through growth and long-term value creation, rather than through site closures or job losses.

The Business Combination Agreement contains the following key points:

1. The combined company is to be managed from Herzogenaurach. The allocation of the remaining divisional headquarters will be discussed in more detail between Vitesco Technologies and Schaeffler. Vitesco Technologies and Schaeffler are aware of the importance of the Vitesco Technologies locations for the combined company.
2. The combined company will consist of four focused divisions, with the E-Mobility Division combining the expertise of Schaeffler (E-Mobility) and Vitesco Technologies (Electrification Solutions Division).
3. It was agreed that Vitesco Technologies and Schaeffler would take into account the success factors of the Vitesco Group in the combined company when designing the organisational structure as part of the implementation of the business combination.
4. The terms of employment of the employees of Vitesco Technologies, in particular their remuneration or entitlement to other employer benefits, will not change in the combined company as an immediate effect of the closing of the transaction.
5. It was agreed that the E-mobility division of the combined company shall be managed by Vitesco Technologies executive Thomas Stierle. In addition, it is planned to adjust the composition of the Supervisory Board of the combined company taking its needs into account.
6. Furthermore, Vitesco Technologies and Schaeffler have agreed on common principles for filling leadership positions below the Executive Board for the E-Mobility and Powertrain & Chassis divisions as well as for central functional areas in the combined company.

On this basis, the Boards of Vitesco Technologies will constructively support the implementation of the tender offer and the business combination in accordance with the BCA. A joint integration committee with equal representation will be set up to coordinate the principles laid down in the BCA.

Subject to an agreement on the exchange ratio and the merger agreement, the Boards will submit the merger to the general meeting of Vitesco Technologies for resolution and, if approved with the required majority, complete it.

Vitesco Technologies will manage its business independently both until the completion of the tender offer and thereafter until a possible merger.

Evaluation of the offer price

The Executive Board and Supervisory Board have carefully and intensively analysed and evaluated the adequacy of the consideration offered. In doing so, the Boards have each made their own considerations as well as taking into account, among other factors, the inadequacy opinions of J.P. Morgan, Lazard and Perella Weinberg Partners.

On this basis, against the background of their own assessment of the current situation and the development potential of Vitesco Technologies as well as the overall circumstances of the offer, the Management Board and the Supervisory Board also consider the increased offer price per Vitesco Technologies share to be inadequate from a financial point of view.

Shareholders who do not wish to retain a stake in Vitesco Technologies in view of the intended merger of Vitesco Technologies into Schaeffler may accept the tender offer or, in the event that the market price is higher than the offer price, sell their Vitesco Technologies shares on the stock exchange.

Even if the cash consideration offered does not adequately reflect the long-term value of the company, the tender offer may represent a potentially attractive exit opportunity for risk-averse or short-term investors in the current market environment.

Shareholders who neither accept the offer nor sell their shares on the stock exchange will retain a stake in Vitesco Technologies but will receive shares in the combined company upon completion of the merger. The applicable exchange ratio will be agreed between Vitesco Technologies and Schaeffler at a later date. This agreement will be made on the basis of a determination of the enterprise values of Schaeffler and Vitesco Technologies prepared by an independent joint valuation expert in accordance with recognised valuation principles.

The Executive Board and Supervisory Board of Vitesco Technologies emphasise that Vitesco Technologies shareholders must make their own decision as to whether and to what extent they accept the offer, taking into account their individual circumstances.

Vitesco Technologies is a leading international developer and manufacturer of cutting-edge drive systems for sustainable mobility. With intelligent system solutions and components for electric, hybrid, and internal combustion drive systems, Vitesco Technologies is making mobility clean, efficient, and affordable. The product portfolio includes electric drives, electronic controls, sensors and actuators, and exhaust gas treatment solutions. In 2022, Vitesco Technologies generated sales of €9.07 billion and employs a workforce of around 38,000 employees at 50 locations. Vitesco Technologies is headquartered in Regensburg, Germany.

Legal information: This press release is intended for information purposes only and constitutes neither an invitation to sell nor an offer to buy securities of Vitesco Technologies or Schaeffler. The final terms and conditions of the Offer are solely determined by the offer document published by Schaeffler and any amendments thereto. Furthermore, the information in this press release does not constitute an explanation of or a supplement to the contents of the joint reasoned statement of the Executive Board and Supervisory Board of Vitesco Technologies. The joint reasoned statement was published on the website of Vitesco Technologies under https://ir.vitesco-technologies.com/websites/vitesco/German/0/investoren.html in German as well as under https://ir.vitesco-technologies.com/websites/vitesco/English/0/investors.html as a non-binding English translation. Physical copies of the joint reasoned statement are available at Vitesco Technologies Group AG, Siemensstraße 12, 93055 Regensburg, Germany (order by phoning +49 (0) 941 2031 6381 or by sending an e-mail to jens.von.seckendorff@vitesco.com indicating a mailing address) for issue free of charge. Investors and holders of securities of Vitesco Technologies are strongly advised to read the offer document, the joint reasoned statement and all other announcements in connection with the Offer as soon as they are published, as they contain or will contain important information.

All information contained in this press release has been prepared by Vitesco Technologies solely for use in this release. The information contained in this communication has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The information contained in this announcement should be considered in the context of the circumstances prevailing at the date hereof and has not been and will not be updated to reflect material developments that may occur after the date hereof. Vitesco Technologies may change, modify or otherwise alter the contents of this notice in any respect without obligation to notify any person of such revision or alteration.

Any forward-looking statements contained in this document are not statements of fact and are characterized by the words “will”, “expect”, “believe”, “estimate”, “intend”, “aim”, “assume” and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Vitesco Technologies. These forward-looking statements are based on current plans, estimates and forecasts that Vitesco Technologies has made to the best of its knowledge, but do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are generally difficult to predict and are usually beyond the control of Vitesco Technologies. These expectations and forward-looking statements may prove to be inaccurate and actual developments may differ materially from forward-looking statements. Vitesco Technologies assumes no obligation to update forward-looking statements with regard to actual developments or events, general conditions, assumptions or other factors.

New Delhi, 30th November 2023 – Antimicrobial Resistance (AMR), identified as a ‘slow pandemic,’ is a critical global health threat requiring immediate attention. The three-day international colloquium, part of World AMR Awareness Week, Amrita Legion of Antimicrobial Resistance Management (ALARM) 2023, emphasized the urgency of awareness and collaborative efforts to combat this medical challenge. Organized by the Amrita School of Biotechnology at Amrita Vishwa Vidyapeetham, Amritapuri, the event addressed concerns about antimicrobial resistance in India’s healthcare, advocating a strategic approach to reduce dependence on these drugs.

“Misusing antibiotics fosters bacterial resistance, and the pharmaceutical industry’s inadequate emphasis on new antibiotics exacerbates this issue. In 2021, India reported 100,000 cases of antibiotic-resistant organisms, indicating pervasive resistance across diverse bacterial infections. Striking a delicate balance in antibiotic dosages is essential, recognizing that overuse significantly contributes to resistance. Our most effective tools in preserving antibiotic efficacy and safeguarding health lie in collective global efforts, innovative research, and responsible antibiotic stewardship,” said Dr. Bipin Nair, Dean & HOD, School of Biotechnology, Amrita University.

ALARM 2023 transcended traditional conference settings, providing a platform for multidisciplinary panels, experts, and policymakers. Specialized policy roundtables integrated AMR considerations into broader health and economic policies. The conference engaged the public through forums, town hall-style meetings, and storytelling sessions, translating complex scientific concepts into relatable narratives. Emphasizing the One Health concept, it acknowledged the interconnectedness of human, animal, and environmental health.

Dr. Ranga Reddy, President, Infection Control Academy of India, highlighted, “AMR poses a threat to diverse aspects of life, challenging the achievement of the 2030 Sustainable Development Goals. Significant contributors to the rise of AMR include sectors such as agriculture and poultry. Vigilance and appropriate treatment are vital, considering risk factors like excessive antibiotic use, hospitalization, and chronic conditions. Tailored antibiotic therapy based on susceptibility testing becomes imperative, given limited treatment options. Embracing healthy aging involves maintaining overall health and safeguarding against communicable diseases through vaccination.”

Integral campaigns like the Blue Light campaign and WAAW campaign were recommended during AMR week to underscore the importance of awareness. Healthcare professionals play a crucial role in educating patients on antibiotic use, initiating stewardship programs, and advocating for policies supporting AMR control. Foundational practices include rational antibiotic prescribing, implementing infection control measures, public education on antibiotic use, and improving sanitation and hygiene. Essential strategies, such as enhancing surveillance systems, promoting antibiotic stewardship, investing in new antibiotic development, and fostering global collaboration, underline the necessity for centralized policies to counter antibiotic misuse and abuse across various sectors.

Mumbai,30th November 2023: Mr. Harshvardhan Lunia, Founder & CEO, of Lendingkart Technologies Private Limited, has been elected the new Chairman of the Fintech Convergence Council (FCC), which represents the fintech members of the Internet and Mobile Association of India (IAMAI). Mr. Jitendra Gupta, Founder, Jupiter, has been elected the new FCC Co-chair. The new leadership replaces Mr. Naveen Surya and Mr. Srinivas Jain respectively.

“I am thrilled to join the Fintech Convergence Council (FCC) as its new Chair. The FCC is a leading voice for the fintech industry, and I am committed to working with the Council’s members to shape the future of finance. In the years to come, I believe that the FCC will play an even more critical role in promoting financial inclusion, driving responsible innovation, and fostering collaboration across the fintech ecosystem. Over the last ten years, I have been involved with developing fintech solutions and creating financial products for customers across India. I am positive that my experience will be useful while collaborating with leading lights of the industry. I am confident that together, we can make a real difference in the lives of people in India and around the world,” said Mr. Harshvardhan Lunia.

Mr. Jitendra Gupta said, “I am thankful to the industry for providing the opportunity to serve as Co-Chair of the Fintech Convergence Council. The FCC is a dynamic and forward-thinking organization, it has done great work in building credibility among regulators for its industry work. We will continue to progress on the FCC’s work in the areas of digital lending, DFSP, Insurtech, investment, Regtech, and P2P lending. In the fast-paced evolving financial services landscape, it is important for industries to be together for the growth of the overall industry while respecting players who continue to do responsible innovation. We will work with respective regulators to drive independent SROs in areas of lending or fintech in general.”

The Fintech Convergence Council, established in 2018, is as a vital advocate for the fintech sector. The council’s areas of focus include digital lending, P2P lending, insurance, investments, and Regtech within the financial ecosystem. It plays a pivotal role in facilitating collaboration and convergence among diverse stakeholders in the financial services landscape for inclusive growth of the sector, ensuring that technological advancements align with ethical principles, consumer protection, and regulatory frameworks.

FCC is actively collaborating with the ecosystem stakeholders to establish a self-regulatory mechanism specifically for the digital lending industry. It also emphasizes the importance of promoting global outreach and thought leadership to elevate India’s position in the global fintech landscape. The council keenly supports consumer awareness initiatives.

Elections were also held to elect new chairs and co-chairs of the six committees, which function under the FCC. Following is the list of new chair and co-chair in each of the committees:

BENGALURU, 30th November 2023 – Delta was selected as one of the “2023 Best Taiwan Global Brands” for the 13th consecutive year. Delta’s brand was also valued at US$544 million, a noteworthy surge of 28% from 2022, establishing a new record. “The Best Taiwan Global Brands” is organized by the Industrial Development Administration, Ministry of Economic Affairs, and executed by Interbrand, an international brand valuation institution commissioned by the Taiwan Institute of Economic Research.

Ms. Shan-Shan Guo, Chief Brand Officer of Delta, stated, “It is an honor that Delta’s brand value has been recognized as growing consistently for 11 years. This year, we have seen a significant improvement. Delta has always maintained a keen market awareness, staying ahead of global trends by making long-term investments in fields such as electric vehicles, industrial automation, building automation, information and communication technology, and energy infrastructure, which has led to impressive business performance in recent years. In 2022, Delta expanded from a pure industrial brand to include a commercial brand, resulting in a comprehensive solution that is smart, energy-efficient and closer to users. Delta has closely aligned its business with its ESG strategy. Currently, 63% of the electricity consumed by our global operations comes from renewable sources, in line with Delta’s RE100 goal by 2030. Additionally, Delta has also established an internal carbon pricing (ICP) system that charges a carbon fee of US$300 per ton of carbon emissions. The funds collected from carbon fees are then invested in developing low-carbon innovation, energy resource management and renewable energy solutions. In terms of social participation, Delta Foundation is deeply committed to cultivating environmental education, and has expanded its efforts to coral restoration and actively enhancing biodiversity. As a leading ESG global company, Delta takes its commitments seriously and puts them into action. We are pleased that ESG is now one of the key topics in this year’s brand evaluation. We appreciate the judges for recognizing Delta’s long-term efforts and valuing highly our accumulated ESG performance.”

Mr. Benjamin Lin, President, Delta Electronics India said, “We are thrilled to be recognized once again as one of the Best Taiwan Global Brands. This achievement reflects Delta’s unwavering commitment to excellence, innovation, and sustainability. I extend my sincere appreciation to the entire Delta family for their dedication, expertise, and commitment to our shared vision. This recognition inspires us to further enhance our brand, contribute to sustainable development, and create lasting value for our customers, partners, and communities.”

Delta’s brand value is surpassing US$500 million in 2023, with a huge leap in growth to achieve the exceptional result of 28%. Delta aims to drive sustainability transformation through technology, providing customers with smart and energy-efficient products and services while connecting the industry ecosystem and collaborating on value creation. In response to the worldwide green energy trend, Delta has proactively broadened its progressive business areas using its fundamental technological expertise in power management. This encompasses data center power and cooling solutions, industrial automation, building automation, EV powertrain and charging solutions, and renewable energy. Delta will continue to develop innovative technologies to accomplish its zero-carbon vision and move towards becoming a sustainable brand.

With Delta’s corporate mission “To provide innovative, clean and energy-efficient solutions for a better tomorrow”, Delta integrates ESG developments into its business operations. Besides improving the energy efficiency of products, promoting energy-saving solutions and green buildings, Delta is actively setting long-term strategies and targets to achieve net-zero emissions by 2050 at its global sites. Delta is dedicated to reducing its absolute Scope 1 and 2 carbon emissions by 90% by 2030, with 2021 as the baseline year, and has already accomplished a 13.5% decrease in carbon emissions in 2022. Delta also promotes low-carbon innovation by implementing an ICP system and investing carbon fee funds into multiple carbon reduction projects. At the upcoming 28th United Nations Climate Change conference (COP28), Delta plans to exchange experiences with the global community and collaborate to achieve decarbonization.

Furthermore, Delta remains committed to advancing energy efficiency and reducing carbon emissions through its innovative solutions. The high-efficiency products Delta shipped between 2010 and 2022 have helped clients save 39.9 billion kWh of electricity, which is equivalent to reducing roughly 21.05 million tons of global carbon emissions. Delta is also actively creating healthy and energy-saving buildings around the world through technology and so far, has built or made donations of 32 green buildings, as well as two certified green data centers. Among them, 17 certified green office buildings and 5 certified green buildings, donated for academic purposes, have saved a total of 26.91 million kWh of electricity in 2022, equivalent to reducing 15,400 tons of carbon emissions.

Noida / New Delhi, 30th November 2023: According to Magicbricks, property prices in Greater Noida West appreciated 21.6% YoY while rents have surged 13.15% YoY making it a hotbed of affordable residential investments. Further, Magicbricks Research revealed that Greater Noida West has witnessed the highest growth in supply (8.62% YoY) compared to other localities in Greater Noida, which has propelled demand in the area as well.

The area is attracting demand from both domestic and NRI customers, with residents from Delhi, Ghaziabad, Noida and Mumbai constituting 90% of domestic demand. NRIs from the United States, Canada, United Kingdom and UAE constitute 85% of the international demand in Greater Noida West.

Sudhir Pai, CEO of Magicbricks, said, “This year has witnessed a noticeable inclination towards spacious residences, fueling a surge in demand for properties in peripheral regions like Greater Noida West. Boasting reasonably priced housing options, rapid infrastructure enhancements, and close proximity to employment hubs, Greater Noida West has swiftly ascended as a highly sought after locale within the NCR. This remarkable growth isn’t just indicative of an investment hotspot but also signals a promising market primed for continual expansion and innovation.”

The report further observed that homebuyers favored apartment sizes exceeding 1250 sq ft, contributing to 54.5% of the total demand; and more than 50% home seekers sought properties in the budget of Rs. 5000-7500 psf.

[Shenzhen, China, 30th November 2023: ] Huawei’s 2023 Sustainability Forum and its regional sessions concluded yesterday. Themed “Thriving Together with Tech: Realizing Sustainable Development,” the event involved five regional sessions in China, Italy, Ghana, Pakistan, and Brazil, where best sustainability practices from Huawei and its partners were demonstrated. Attendees from all over the world explored how digital infrastructure can better drive sustainable development and help build a greener and more inclusive intelligent world.

In Brazil, Huawei is working with local operator Veloso Net to deliver stable connectivity to over 30% of the unconnected population in the state of Amazonas. Huawei also announced plans to cooperate with the International Union for Nature Conservation (IUCN) to implement a Tech4Nature project, which will protect biodiversity while fostering the development of local communities.

Jeffrey Sachs, President of the UN Sustainable Development Solutions Network, Commissioner of the UN Broadband Commission for Sustainable Development, and Professor at Columbia University, delivered a keynote speech in which he discussed how global challenges are becoming increasingly complex. “We live in a period in which the challenges are getting greater and the need for breakthrough technologies, such as those Huawei brings us, is ever more urgent.”

Sachs listed three key objectives that require whole-of-society action: (1) making sure that every place in the world has at least basic prosperity; (2) promoting social inclusion so that all parts of society can achieve wellbeing, not just the rich or residents of cities; and (3) enjoying economic wellbeing while stopping environmental destruction.

Sachs also highlighted the vital role that digital technology has to play in achieving these objectives. “Technologies, at least potentially, can reach everybody in a society and can even reach the poorest people in the world, as long as they are near a base station, as long as they can get digital connectivity, and as long as they have a device,” Sachs continued. “Now, we need to deploy technologies, combined with financing, to enable these solutions to reach all parts of the world.”

Attendees emphasized that digital technology would help improve the resilience of both nature and humanity in the face of risks and challenges and drive sustainability. Jeffrey Zhou, Huawei President of ICT Marketing, noted: “Together with our partners, we are using the power of digital technology to drive digital inclusion and enable an inclusive and sustainable digital world.”

In Yunnan, China, improved connectivity enabled by Huawei’s 5G solutions has increased the efficiency of coffee farming and the quality of the beans. With digital infrastructure in place, e-commerce and video streaming have boomed, elevating the local coffee industry and making local coffee a prized brand among consumers.

In Italy, Huawei’s TECH4ALL Nature Guardian project, in partnership with WWF Italy, has deployed cloud- and AI-based acoustic monitoring systems at 16 eco-farms and traditional farms. The project found out that approximately 10% more species live within eco-farms than in traditional farms.

In Gokina, Pakistan, Huawei and its partners have brought connectivity to the local community, enabling telemedicine and distance education. Villagers in this remote village can now access quality medical services when they need them.

In Ghana, Huawei worked with partners to build the first floating hydro-solar hybrid plant in West Africa. The plant will fuel a cashew factory in the Bono Region and create employment for over 800 citizens including women.

The First Lady of the Republic of Ghana, Her Excellency Rebecca Akufo-Addo, appreciated Huawei’s contribution to the country’s sustainable development.

She said: “The world is going green and projects such as the hydro-solar hybrid plant show that Ghana is on the right path, towards the realization of a sustainable and eco-friendly digital future.”

“What I am hoping for is that Huawei’s tremendous capacity in 5G, in appliances, in systems design, in content and platforms can be harnessed with other large-scale programs,” said Sachs. “We need to make clear to the world that we have the solutions, that we have the mechanisms to put them in place at scale.”

On November 21, Huawei also announced that it has already brought connectivity to 90 million people in remote areas across the globe, as part of its commitment to the International Telecommunication Union’s (ITU) Partner2Connect pledge. The event also saw the launch of the ITU Generation Connect Young Leadership Programme in Partnership with Huawei.

Delhi/Bengaluru,30th November 2023:: GoKwik, one of the largest eCommerce enablers in India, has collaborated with Flipkart to offer the latter’s SuperCoins program to D2C brands on KwikCheckout (GoKwik’s checkout solution). SuperCoins is a multi-brand rewards ecosystem created by Flipkart to provide benefits to users on its platform and those on its partner brands.

With this collaboration, GoKwik will be able to enable SuperCoins redemption on KwikCheckout, with a vision of providing a delightful and seamless shopping experience to Indian D2C shoppers and merchants on its network.

Flipkart SuperCoins will be integrated within KwikCheckout thus allowing Flipkart customers, and those on Myntra, Cleartrip, and Shopsy, to redeem their earned SuperCoins on an extensive network of digital-first brands. This will in turn help these brands to provide a superior experience at checkout, thereby improving conversion and customer retention.

With a one-time login and single sign-on flow enabled in both KwikCheckout and SuperCoins, shoppers can redeem these coins directly at the checkout page without being redirected. Once logged in they will be able to redeem SuperCoins on any of the D2C brands in the GoKwik network that have enabled this feature on their checkout. The points that they have earned so far will also be visible to them upfront, thereby enhancing the shopper experience.

The collaboration will also contribute to new user acquisition and reactivation of dormant customers by leveraging the current customers for SuperCoins coupled with GoKwik’s extensive 100 million+ shopper network. With SuperCoins, shoppers can unlock savings and enjoy incentives and offers from multiple brand partners including Myntra, Cleartrip, Shopsy etc enhancing their shopping experience and making their purchases more rewarding. Participating brands will, therefore, witness increased transaction volume and an increase in average order value (AOV) as customers shop for their preferred products at discounted prices.

Speaking about the partnership, Chirag Taneja, Co-Founder and CEO, GoKwik said, “eCommerce and Flipkart have become synonymous with each other. Welcoming Flipkart as our partner and integrating SuperCoins into our checkout will be beneficial for our merchants to drive higher conversions & retention. As a result of this collaboration, eCommerce consumers will be the biggest beneficiaries by having access to SuperCoins beyond the Flipkart universe of platforms. It will lead to a unified eCommerce ecosystem where both customers and brands thrive.”

Flipkart will also co-market and list activated merchants in the SuperCoin zone to raise awareness about the availability of SuperCoins on the brand’s own portals. This visibility on Flipkart’s platform will enable participating brands to increase their brand awareness & consideration.

“Over the past year, the SuperCoins ecosystem has transformed into a thriving loyalty and rewards program, offering customers an enriched array of opportunities to earn and redeem rewards. Our goal is to empower customers to derive maximum benefit from SuperCoins, not just within the realm of Flipkart but also in their transactions beyond, while simultaneously fostering growth for our brand and platform partners. We are pleased to join forces with GoKwik to expand the SuperCoins program to D2C brands on its network. Harnessing GoKwik’s distinctive and cutting-edge technological solutions, we aim to orchestrate a mutually beneficial landscape for both brands and shoppers.” said Prabh Singh, Senior Vice President, Customer Growth and Ads, Flipkart.

GoKwik is committed to solving the challenges eCommerce brands face and enabling their growth by creating unique, holistic, innovative and technology-backed solutions for every stage of the shopping funnel. With an extensive network of 100M+ shoppers, GoKwik has helped over 1000 brands increase conversions by 35% while also reducing return to origin (RTO) losses by up to 40%.

Brands on the GoKwik network include Lenskart, Neemans, Man Matters, Mamaearth, etc., ranging from fashion, beauty, health and nutrition, electronics and other key categories of the online shopping space.

This collaboration aims to empower D2C brands on the GoKwik network with SuperCoins, fostering growth. It showcases the commitment of both companies to drive innovation, provide value, and deliver delightful experiences for customers and brand partners.