Archives March 2024

Mumbai / Shillong, Meghalaya, 2nd March’24: The Meghalaya contingent, led by Shri Bobby Wahlang, Youth Coordinator of Meghalaya, Directorate of Sports and Youth Affairs, returned home after a triumphant performance at the 7th North East Youth Festival held in Agartala, Tripura. The festival, held from February 26th to 29th, witnessed vibrant cultural exchanges and competitions among young people from across the Northeast region.

The Meghalaya contingent, comprising 76 young individuals from 11 districts, left their mark on the festival, demonstrating exceptional talent and dedication. They secured a well-deserved victory in the Rock Band category, showcasing their musical prowess and stage presence.

Their success extended beyond the winning performance of being adjudged the winners in the Rock Band category. The contingent secured an impressive set of first runner-up positions in Folk Dance, Folk Song, One Act Play, Painting, Photography, and Solo Guitar. These achievements highlight the diverse artistic and cultural talents present within the youth of Meghalaya.

Additionally, the participants at the festival were winners in the Meghalaya Youth Exchange Program 2023 in their respective categories, which took place at Nehu Campus from October 17th to 20th, 2023.

The remarkable performance by the Meghalaya contingent has brought immense pride to the state. Their dedication and talent serve as an inspiration for young people across Meghalaya, demonstrating the power of cultural exchange and artistic expression.

The Festival also witnessed the attendance of the Hon’ble Chief Minister of Tripura, Dr. Manik Saha and Hon’ble Minister of Sports and Youth Affairs Department, Shri Tinku Roy, amongst others.

Digital Marketing Agency Sociomark, has secured the media mandate for Qubero. This luxurious brand comes from the renowned makers of kitchen sink in India, NIRALI BG. With an experience of over 3 decades, NIRALI BG is known for its dedication to quality and innovation, with state-of-the-art facilities that ensures the best quality to every last detail.

Sociomark will be responsible for SEO, Social Media Marketing & Public Relations (PR) for Qubero. The Agency’s Mumbai office will take care of this account.

Commenting on this, Heta Desai Baandal, Managing Director, Sociomark said, our team is ready to use the entire spectrum of digital media to improve the visibility of the Qubero brand and connect with the target audience. The partnership is an important milestone for both Sociomark and Qubero and we are excited about the opportunities ahead.

Sarang Gada, Managing Director, Qubero commented, this collaboration with Sociomark is really exciting and we are looking forward to working more closely for our newly launched brand Qubero. Nirali BG is already a household name and now with Sociomark as our partner we are confident that we will be able to amplify our brand message and reach the relevant audiences for Qubero.

Faridabad- The Haryana Tourism Department in Faridabad is organizing a half-marathon on March 3, 2024, commencing from Surajkund premises and returning from the Asian Hospital in the city, with BPTP as the titanium sponsor of this marathon. BPTP, a renowned real estate developer from Delhi-NCR, has joined hands with the community to promote fitness and well-being through this marathon. The Chief Minister of the State, Manohar Lal, will be the chief guest at the half marathon and will encourage the runners. Thousands of people will participate in various categories of the marathon. According to Satbir Maan, the CEO of the District Council, medical camps will be set up every 2 km along the marathon route for the convenience of the runners. These camps will also provide runners with facilities like energy drinks and mobile toilets. Volunteers will also be on duty along the marathon route to ensure runners do not face any inconvenience. Police personnel will also be deployed every 150 to 200 meters. Furthermore, students of all schools and colleges in Faridabad and Gurugram have been encouraged to participate in this marathon.

Rohit Mohan, Senior Vice President of BPTP, said, “We are excited to be a sponsor for this year’s half marathon. The Faridabad Half-Marathon caters to individuals of all ages and fitness levels. Join us on March 3 as we come together to run, inspire, and celebrate at the Faridabad Half-Marathon. With our collaboration with the Haryana Tourism Department, we aim to create a memorable and impactful experience for all participants.”

Bhopal, March 2, 2024: The Entrepreneurship Development Institute of India (EDII) is providing specialised skill training to women artisans of Madhya Pradesh’s Badarwas Jacket Cluster, famous for making ‘Modi Jackets from mill surplus’. The institute has partnered with the National Institute of Fashion Technology (NIFT), Gandhinagar, to equip the women artisans from the region with necessary tools and knowledge to enhance their craftsmanship and foster economic development within the cluster.

The Badarwas Jacket Cluster, distinguished by its unique and organic growth, has emerged as a vibrant hub with many engaged in jacket production and related activities. Unlike conventional industrial hubs, this cluster has organically blossomed from the sheer grit and dedication of its female workforce. Recognizing the need to further enhance the cluster’s capabilities and capitalize on increasing demand for jackets, Ministry of Rural Development, GoI, promoted a Producers’ Company under National Rural Economic Transformation Project which is owned and managed by women artisans of Badarwas, thus giving them an opportunity to becoming shareholders of their company.

EDII is implementing this cluster development project in association with Madhya Pradesh Rural Livelihoods Mission.

“This initiative by Ministry of Rural Development goes beyond skill training. It empowers the women through the establishment of a Producers Company, owned and managed by them. This significant step transforms them from mere job workers into entrepreneurs and shareholders in their own company, fostering self-reliance and economic independence.” explained Dr. Sunil Shukla, Director General, EDII.

Scheduled from February 13 to 18, 2024, a training programme on ‘quality appreciation’, salesmanship, and visual merchandising was organized at EDII Campus for 19 women artisans from the Badarwas Cluster. It offered a dynamic platform for participants to enhance their skills and knowledge. The comprehensive curriculum covered fabric manufacturing intricacies, sales marketing strategies, and brand building essentials.

During the four-day practical sessions at the NIFT campus, participants underwent rigorous training on fabric checks, quality parameters, and packaging techniques.

It was followed by, a two-day training module at the EDII campus will delve into entrepreneurship basics, costing and pricing strategies, sales techniques, resource mobilisation, and compliance management.

Dr. Rajesh Gupta, Project Director and Faculty, EDII, said, “By leveraging the expertise of NIFT, we aim to enhance the skill sets of these women artisans and provide them with the necessary tools to become successful entrepreneurs in the long run. We believe that empowering women artisans with the right skills is key to unlocking the full potential of the Badarwas Jacket Cluster.”

Badarwas Jacket Cluster, nestled in the heart of Shivpuri, Madhya Pradesh, stands as a testament to the resilience and determination of local women to carve out a sustainable livelihood.

March 2, 2024: Dish TV India, a leading DTH service provider, has launched its marquee and unique ‘Own Your Customer’ (OYC) as part of its partnership with Local Cable Operators (LCOs). This collaboration with Dish TV will deliver a superior TV viewing experience to customers in a simplified manner eliminating the need for extensive infrastructure such as optical fiber, transmitters, nodes, and amplifiers. This partnership will ensure robust connectivity while enhancing the overall reliability of the network.

After COVID-19, while OTT platforms and DTH services continued to grow, traditional cable TV services suffered a minor setback. In such a situation, the ‘Own Your Customer’ (OYC) initiative launched by Dish TV will prove helpful to cable operators in strengthening their customer base. Cable operators were concerned about their declining customer base as they wanted to shift to DTH to avoid interruptions in their TV viewing experience. This Dish TV’s initiative will not only provide a perfect solution but will also help them retain their customer base without additional overhead costs.

With this OYC initiative, LCOs and MSOs (Multisystem Operations) will enjoy complete control over their networks and act as distributors of Dish TV in their respective areas such as recharge and activation through their self-operated portal, eliminating dependence on external entities. Consumers will now experience better technology with the assistance of their cable operators. Moreover, LCOs will have the opportunity to install broadband, enabling customers to utilize new digital technologies like the Dish TV ndroid Box from the comfort of their homes, not only further strengthening the broadband connection provided by LCOs but also providing end-to-end solution to customers.

Commenting on the initiative, Manoj Dobhal, CEO – Dish TV India Ltd, stated, “We are delighted to introduce the ‘Own Your Customer’ campaign, a first-of-its-kind and unique initiative in media distribution. It marks a major change in cable TV distribution. This initiative by Dish TV will not only empower LCOs and MSOs but will also enable them to expand their customer base and reduce operating costs, while Dish TV will gain access to new customers and reduce servicing overheads. This relationship ensures that both parties are committed to driving industry-wide change while providing unmatched value and services to customers.”

Through OYC, Dish TV reaffirms its commitment to supporting the growth of LCO businesses. Its primary objective is to revitalize the cable TV industry with the combined strength of both DTH and cable networks. Dish TV is fostering the growth of LCOs and MSOs by enhancing their customer relationships and introducing a customer-centric approach to TV distribution.

BANGALORE, March 2, 2024: The International Institute of Information Technology Bangalore (IIIT-B) and the Software Development Institute (SDI) of the Indian Air Force (IAF) have announced a strategic partnership aimed at driving ground-breaking research and development activities while fostering the creation of innovative products and processes.

Speaking about the partnership, Prof. Debabrata Das, Director, IIIT-B, said, “The Memorandum of Understanding (MoU) between IIIT-B and SDI marks a pivotal collaboration aimed at driving innovation in waveform design. With a shared commitment to advancing telecommunications technology, both entities will pool their expertise to meticulously craft and optimize cutting-edge waveforms that will redefine the performance and efficiency of airborne systems. “

Air Vice Marshal KN Santhosh, VSM, Commandant SDI, said, “Teaming up with IIIT-B represents a significant milestone for us. By leveraging a combination of IIIT-B’s proficiency in cutting edge R&D activities and SDI’s excellence in software development, the collaboration is poised to introduce ground-breaking advancements in waveform design.”

IIIT-B, a premier institution renowned for its excellence in research, education, and training, is extending its expertise to collaborate with SDI, a critical unit within the Indian Air Force responsible for software development tasks related to avionics software systems and integration. SDI also plays a pivotal role in providing specialized training to selected officers of the IAF.

The Memorandum of Understanding (MoU) signed between IIIT-B and SDI delineates a comprehensive collaboration framework, emphasizing key areas such as state-of-the-art research and development and tailor-made training programs directed by SDI. The primary objective is to equip the Indian Air Force with the knowledge and capabilities needed to accelerate the pace of innovations in the field.

As a tangible manifestation of this collaborative spirit, IIIT-B has committed to initiating a specialized training program titled “Communication Theory and DSP for Waveform Design.” This program, designed for IAF personnel nominated by SDI, will be spearheaded by the esteemed Prof. Prem Singh from IIIT-B Bangalore. Prof. Prem Singh, an expert in 5G and Beyond Waveform Design, brings a wealth of knowledge and experience to guide the participants through cutting-edge advancements in the telecommunications domain.

The collaboration between IIIT-B and SDI is anticipated to yield unprecedented advancements, addressing the dynamic demands of the ever-evolving telecommunications landscape. Both institutions are confident that this partnership will not only enhance the capabilities of the Indian Air Force but also contribute to the broader technological landscape of the nation.

Stryker, a global leader in medical technologies, today officially expanded its prototype and testing facility in India, marking significant growth of its R&D footprint in the country. This advanced 55,600- square-foot facility integrates cutting-edge infrastructure, enhanced microbiology capabilities, and a talented team to drive innovation and ensure product quality across its medical technology portfolio.

 “Investing in innovation from India is a focus area for Stryker,” said Ram Rangarajan, Vice President of Stryker Global Technology Center, India. “This new lab represents our commitment to developing medical technologies that improve patient outcomes and comply with the highest regulatory standards.”

 Stryker’s new facility is dedicated to the rigorous life cycle testing of medical devices. The new lab boasts several key features:

•   Prototyping and product assurance hub: Equipped with state-of-the-art infrastructure for plastic 3D printing, metal machining, and a diverse range of testing capabilities, the lab supports prototyping and product assurance across Stryker’s entire product portfolio.
• Expanded microbiology competency: The lab strengthens Stryker’s ability to conduct comprehensive microbiological testing, ensuring the safety and efficacy of its medical technologies.
• Talented team of engineers and microbiologists:  Highly skilled engineers and microbiologists will use the advanced equipment and expertise to develop innovative solutions that positively impact patients around the world.

 Ram Rangarajan further said, “This lab expansion further strengthens our Stryker Global Technology Center and marks a significant milestone in our commitment towards fostering innovation from India. By leveraging the talent and expertise in the country, Stryker aims to develop medical technologies that benefit patients worldwide.”

Union Bank of India, one of the largest Public Sector Banks in India, has successfully raised equity capital of ₹ 3,000 crore via Qualified Institutions Placement (QIP) on February 26, 2024. The Issue was opened on February 20, 2024 and received strong interest from high quality Domestic and Foreign Portfolio Investors. Bank has allotted 22.11 crore Shares at price of ₹ 135.65 per share (including premium of ₹ 125.65 per share) aggregating to ₹ 3,000 crore representing a discount of approximately 5% to the floor price determined as per Regulatory guidelines.

Bank has received significant & encouraging response from the market & seen participation by a diversified investor base which includes Banks, Asset Management Companies, Insurance Companies and Foreign Portfolio Investors, thereby ensuring diversification of the shareholder base of Union Bank of India.

On the Successful capital raising, Ms. A Manimekhalai, MD & CEO, says “We are delighted to conclude one of the largest equity capital raising issue in public sector banking space in the recent past. Bank has successfully raised ₹ 8,000 crore by way of QIPs during the year, which is the highest in the history of Union Bank of India and one of the highest in the history of Public Sector Banks in a financial year, in recent years. This demonstrates the continued faith of investors on the Bank’s growth trajectory and prospects. The QIP Proceeds will augment the Capital base and help us pursue growth opportunities as we endeavour to create value for our Customers & Shareholders”.

As on December 31, 2023, the public shareholding in Union Bank of India stood at 23.01%. Consequent to the equity capital raising, the public shareholding in the Bank increased to 25.24% and consequently, the shareholding of Government of India becomes 74.76%. Bank has complied as per SEBI and Securities Contract (Regulations) Rules, 1957 (“SCRR”) & its further amendments i.e. to maintain a minimum public shareholding of at least 25.00%.

The Book Running Lead Managers (BRLMs) to the QIP issue were IIFL Securities Ltd., J M Financial Ltd., IDBI Capital Markets & Securities Ltd., HDFC Bank Ltd. and BNP Paribas. The Legal advisors of the transaction were Luthra & Luthra Law Offices, Saraf & Partners and Duane Morris & Selvam LLP. The Statutory Auditors were N B S & Co., Chhajed & Doshi, G S Mathur & Co., P Chandrasekar LLP and M/s. V K Ladha & Associates.

New Delhi, March 2nd, 2024- SG Analytics, a renowned global data solutions firm, proudly announces the appointment of Dr. Das Dasgupta to its esteemed Advisory Board. This strategic move promises to fortify SG Analytics’ Data Strategy and Data Analytics offerings for the dynamic Media & Entertainment industry worldwide. Dr. Dasgupta’s role will be pivotal in enhancing and streamlining SG Analytics’ data analytics & strategy initiatives, as well as providing expert guidance on customer experience programs.

Meet Dr. Das Dasgupta: A Data Strategy Luminary

With over two decades of expertise in the data strategy domain, Dr. Dasgupta brings a wealth of knowledge to SG Analytics. His seasoned proficiency lies in harnessing data and artificial intelligence to drive revenue growth with product innovation and enhanced customer experience while optimizing business costs with operational excellence. He excels at assembling top-tier data strategy teams and implementing cutting-edge AI and ML technologies for data-driven decision-making. Dr. Dasgupta’s impactful track record spans prestigious organizations such as Viacom, Amazon Customer Experience Systems (ACES), McKinsey, and EY. Most recently, he held the esteemed position of Chief Data Officer at Saatchi & Saatchi (S&S).

Sid Banerjee, CEO of SG Analytics, Expresses Enthusiasm

Sid Banerjee, CEO of SG Analytics, expressed his excitement about Dr. Dasgupta’s inclusion in the Advisory Board: “Dr Dasgupta’s presence reinforces our commitment to client value and strengthens our ties within the M&E Industry. Attracting leaders like Das aligns perfectly with our overarching goal: empowering enterprises through data across the entire value chain.”

Dr Dasgupta: Advancing Data Strategy and Achieving Reliable Outcomes

“As of today, SG Analytics is a trusted partner for leading enterprises. Our reputation is founded on research expertise, robust technical capabilities, and technology-driven solutions. As a member of the Advisory Board, I am committed to advancing data strategy, addressing industry challenges, and achieving reliable outcomes. I look forward to collaborating with SG Analytics’ leadership team to empower enterprises through data-driven decisions.” – Dr. Dasgupta.

National, March 2, 2024 – In a significant boost to the future of Web3 security, CredShields, a leader in blockchain security solutions, has announced a strategic investment of $1 million from Draper Associates. This funding propels CredShields’ mission to enhance the security of the digital landscape through the development of SolidityScan, a cutting-edge tool designed to automate and streamline smart contract audits.

With a cumulative funding of $1.8 million to date, Cre dShields is at the forefront of addressing the critical need for robust security mechanisms in the rapidly evolving Web3 ecosystem. This investment underscores the industry’s recognition of the urgent need to safeguard digital assets against the backdrop of increasing vulnerabilities and attacks.

Shashank, Founder and CEO of CredShields, expressed enthusiasm about the partnership: “This funding milestone is a testament to our vision for a secure Web3 environment. With Draper Associates’ support, we’re set to redefine smart contract security, establishing new standards of trust and safety across the blockchain community.”

The investment will be utilised to further enhance SolidityScan’s capabilities, ensuring CredShields remains at the cutting edge of blockchain security innovation. As the Web3 space continues to grow, CredShields’ strategic initiatives are crucial for fostering a secure, inclusive, and thriving digital future.