Indian Overseas Bank Launches IOB-MAHILA SHAKSHAM Scheme to Empower Women Entrepreneurs

New Delhi – Indian Overseas Bank (IOB) proudly announces the launch of the “IOB-MAHILA SHAKSHAM” scheme, a unique initiative designed to finance individual Women Self-Help Group (SHG) members of the DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission) SHGs. This scheme aims to uplift women by facilitating their transition to entrepreneurship and ensuring their financial self-reliance.

This scheme is in line with the Ministry of Rural Development’s (MoRD) ‘Lakhpati Didi Yojana’, which is designed to improve the financial standing of women SHG members from matured DAY-NRLM SHGs. The goal is to ensure these women earn a sustainable annual income of at least household through financial assistance and entrepreneurial support.

Key Features of the “IOB-MAHILA SHAKSHAM” Scheme:

  • Financing for individual Women SHG members to foster entrepreneurship.
  • Credit support to individual members of DAY-NRLM SHGs.
  • Promotes the financial independence of women and aims to deepen credit outreach to SHG members. In support of this initiative, the Ministry of Rural Development has also introduced the “Women Enterprise Acceleration Fund (WEAF)”, which includes the following benefits:

  • Reimbursement of Credit Guarantee Fees: Covered under CGFMU for banks on micro-enterprise loans up to, provided to women entrepreneurs from the SHG network for a maximum period of 5 years.
  • 2% Interest Subvention: Applicable on enterprise loans up to per borrower for a maximum period of 3 years, based on prompt repayment to incentivize good repayment behavior.

IOB’s commitment to financial inclusion and women empowerment was further solidified with the signing of a Memorandum of Understanding (MoU) with the Ministry of Rural Development on 16th October 2024 in New Delhi. This MoU focuses on financing individual Women SHG members and deepening credit access to entrepreneurial SHG members.

Speaking on the occasion, a senior official of Indian Overseas Bank said, “We are proud to launch the ‘IOB-MAHILA SHAKSHAM’ scheme in partnership with the Ministry of Rural Development. This scheme is aimed at promoting entrepreneurship among women and improving their financial standing. It aligns perfectly with our broader mission to foster financial inclusion and empowerment in rural India.”

With this MoU and the launch of the “IOB-MAHILA SHAKSHAM” scheme, Indian Overseas Bank reinforces its commitment to uplifting women entrepreneurs, driving inclusive growth, and contributing to the overall development of rural India.

Delhi Cantonment Development Committee Launches Key Community Initiatives on Diwali Milan Programme

New Delhi, October 19, 2024: The Delhi Cantonment Development Committee, in a continued effort to uplift and serve the local community, has introduced several key initiatives aimed at improving services and infrastructure in the Delhi Cantonment area. These developments were announced during the Diwali Milan Programme, a festive gathering held at Ashoka Baraat Ghar, Gopinath Bazar, and graced by Shri Shyam Jaju, Ex National Vice President, BJP.

Diwali Milan Programme

As part of the community service initiatives, Shri Shyam Jaju, launched two shuttle bus services that will serve the residents of Delhi Cantonment and Chanakyapuri areas, starting from tomorrow. Speaking on the occasion, he emphasized the importance of improving local infrastructure to enhance the quality of life for all residents. “Our focus is on making everyday life easier for the people of Delhi Cantonment by providing essential services and reliable transportation. These shuttle buses will ensure better connectivity and convenience for commuters.

In addition to the transportation services, a Suvidha Kendra (Service Center) has been established to offer vital services such as electrical repairs, gardening, plumbing, and carpentry for all residents of the Delhi Cantonment Vidhan Sabha. This center aims to address the daily needs of the community with efficient and accessible solutions.

Highlighting the Committee’s ongoing commitment to healthcare, Dr. TC Rao, a veteran and key organizer of the event, said, “Today marks an important milestone with the launch of the shuttle bus services and the opening of the Suvidha Kendra. These initiatives are designed to make life easier for our residents. We have also introduced a 24/7 ambulance service to ensure timely medical care, and free medical camps have been conducted regularly. So far, three camps have been organized, offering free check-ups, spectacles, and medicines to residents. Additionally, over 60 wheelchairs were distributed to differently-abled individuals earlier this month, further demonstrating our commitment to inclusive community support.”*

Shri Sunil Kakkad, President of Karol Bagh Zila Adyaksh, added, *”Our party stands on the foundation of service and dedication to the community. The new shuttle services, healthcare camps, and the Suvidha Kendra reflect our commitment to addressing the practical needs of the residents. We are here not just to celebrate Diwali but also to reaffirm our pledge to continue working for the welfare and development of this region.”

The Diwali Milan Programme was a celebration of the festival of lights and a testament to the unity among local leaders, workers, and community members. The event concluded with cultural performances and a festive dinner, fostering a strong sense of camaraderie among all attendees.

NIIT University Partners with University of Indianapolis for Academic Collaboration

New Delhi – October 19, 2024: Established with a vision to bring about innovation in higher education and learning in emerging areas of the knowledge society, the University of the Future, entered into a strategic collaboration with the University of Indianapolis (UINDY), aimed at expanding global educational and research opportunities for its students. UINDY’s robust and cutting-edge programmes and research will offer NU students a global exposure.
This partnership will enhance educational and research opportunities for both students and faculty. NU graduate students can undertake a semester-long internship or research project at UINDY, with options for up to one year. Additionally, all BTech and BBA students at NU can pursue a 6-month to 1-year research practice internship at UINDY, after which they can seamlessly transition into the on-site Corporate MBA programme, provided they meet their academic requirements. NU undergraduate students from various disciplines can also transition smoothly to the Corporate MBA programme at UINDY. Faculty from both institutions can collaborate on research initiatives and joint conferences, with specialized courses offered by UINDY and NU faculty either on-site or online for terms lasting up to one year. To further enrich the experience, UINDY students can participate in an India immersion residential programme organized by NU, while NU students can engage in a U.S. immersion residential programme at UINDY.
Prof. Prakash Gopalan, President, NIIT Universityemphasized the importance of the upcoming partnership, stating: “This collaboration with UINDY marks a significant milestone in NU’s journey to provide students with a global perspective, empowering them to excel in today’s interconnected world. As we prepare for our 14th Convocation, we celebrate not only the achievements of our graduates but also the new opportunities this partnership will create, enriching their educational experiences and future career paths.”
Prof. Tanuja SinghPresident, UINDY, shared: “Our institutions are deeply committed to developing leaders who not only excel in their respective fields but are also equipped with a strong sense of global responsibility. We are thrilled to partner with NIIT University to create opportunities for students to engage in cross-border educational and research initiatives, fostering innovation and leadership to shape a brighter future.”
NIIT University is all set to host the 14th Convocation for the outgoing batch on October 19, 2024, at the university auditorium in Neemrana, Rajasthan. This event will celebrate the academic achievements of their graduates and master’s students. The distinguished Chief Guest, Ms. Debjani Ghosh, President of NASSCOM, will deliver the Convocation Address. On the occasion 270 students will be presented with their degree certificates.
Ranked  1 in Rajasthan and  16 in India as per the IIRF (Indian Institutional Ranking Framework) ranking 2023, NU has consistently maintained a 100% placement record for all students who have applied. For the class of 2024, over 93% of students secured their aspired roles in various renowned organizations like Maruti Suzuki, Volkswagen, KPMG, Genpact, EY, IBM etc. among others. The average CTC for the top 10% of students is 16.5 LPA. The highest salary offered to a student from NU has been Rs 44.27 LPA till date.
Sustainability is central to NU and the university has undertaken various initiatives to facilitate ecological resurrection and contain ecological degradation of its surrounding areas. NU Students are actively engaged in efforts for the ecological resurrection of part of Aravali hills, adjacent to NU. To bring about a larger change, the local community in Neemrana has been involved in the efforts as well. NU’s Green Campus is compliant with all regional environmental norms, boasting of buildings with effective green architectural design parameters, thereby significantly reducing carbon footprint. The campus has retained the Natural Lay of the Land by adapting structures to the surface contours, thus drastically reducing the impact of construction on local geology.

World Biogas Association INDIA Congress 2024 Set to Unlock India’s Biogas Potential

National, 19.10.2024: The World Biogas Association (WBA) is proud to announce its World Biogas Association INDIA Congress 2024, set to take place from 23rd to 24th October 2024 at Le Méridien, New Delhi. This two-day event will build on the success of the first Congress held in New Delhi in 2023 and aims to lay out strategies to accelerate the growth of the biogas sector in India.

With India solidifying its role in the global energy landscape, the World Biogas Association INDIA Congress 2024 will be critical in advancing Prime Minister Narendra Modi’s goal of commissioning 5,000 large-scale compressed biogas (CBG) plants by 2030. According to the International Energy Agency (IEA)’s Renewables 24 report, India’s CBG market is set to grow by 88% by 2030 under current policies, with the potential to exceed 150% with stronger policy support. The focus will be on decarbonizing energy, reducing air and water pollution, fulfilling climate commitments, and enhancing energy security by lowering reliance on imported LNG. This Congress will bring together key government officials, industry leaders, and international experts to explore policies, technological innovations, and investment opportunities that will drive growth in the biogas sector.

The World Biogas Association INDIA Congress 2024 will feature prominent speakers and dignitaries, reflecting biogas’s critical role in India’s energy and environmental strategy. Key attendees include Shri Tarun Kapoor, Advisor, PMO; Shri Amitabh Kant, G20 Sherpa of India & Former CEO, Government of India and the former Chief Executive of the National Institution for Transforming India (NITI Aayog); Shri Pankaj Jain, IAS, Secretary of the Ministry of Petroleum and Natural Gas; and Shri P.K. Singh, Joint Secretary in the Ministry of New and Renewable Energy. Their presence underscores the government’s commitment to advancing biogas as a key sector for sustainable development.

Over the past year, WBA has been actively working on its flagship MakingBiogasHappen Programme, which includes the development of a Global Biogas Regulatory Framework and an International Anaerobic Digestion Certification Scheme (ADCS). These initiatives aim to standardize regulations and certification practices globally, promoting significant growth within the biogas sector.

Charlotte Morton OBE, Chief Executive of the World Biogas Association, expressed her excitement about the event, stating, “The 2nd World Biogas Association INDIA Congress comes at a pivotal time for India’s biogas industry. With the market projected to grow from USD 1.47 billion in 2022 to USD 2.25 billion by 2029, we’re witnessing tremendous opportunities. This Congress will play a crucial role in bringing together key stakeholders to accelerate this growth and unlock the full potential of biogas in India’s sustainable energy future.”

The Congress will provide a platform for policymakers, business leaders, and investors to explore the best ways to deploy anaerobic digestion and biogas technologies in India as part of the broader green energy transition. As India positions itself as a global leader in biogas production, the event will highlight the nation’s role in contributing to climate change mitigation and promoting sustainable development.

Mission To Fight Against Malnutrition, Build A Healthier Tomorrow

19th Oct 2024, Mumbai, India: In a remarkable initiative aimed at fighting malnutrition among children, Akshaya Chaitanya, is proud to announce the launch of the “Bowl of Growth Program”. This program is designed to nourish and support the health of 1,000 children from balwadis (pre-schools) and 3000 from primary schools across Mumbai for a period of 6 months. The mission focuses on three key pillars which are Nutrition, Awareness, and Education to combat child malnutrition and foster healthier urban communities in Mumbai.

The program entitled “Fortified Multigrain & Millet-Based Supplementation to Address Malnutrition in 3- 14year-Old Children from Urban Slums Communities of Mumbai” is supported by the PepsiCo Foundation under its Corporate Social Responsibility (CSR) program. This intervention, designed based on the evidence, will be implemented in selected Balwadis and municipal schools of Mumbai.

The launch event, held in Mumbai was attended by several prominent figures, including Prachi Jambhekar, Deputy Mumbai Commissioner, Mr Rajesh Kankal, Primary Education Officer, Mrs Chaya Salve Superintendent Education, Mukhtar Shah, Deputy Education Officer (PP CELL), ward administration officers, school principals, and Balwadi coordinators.

Dr. Bhushan Gagrani (IAS), Municipal Commissioner, Brihanmumbai Municipal Corporation (BMC) in his video message about the program, praised Akshaya-Chaitanya and PepsiCo Foundation for its dedication and commitment to launching the impactful program in Mumbai, which aligns seamlessly with the state government’s efforts to eradicate malnutrition. He emphasized that the success of this initiative underscores the strength of public-private partnerships and stressed the importance of scaling this program to reach more children across Maharashtra.

Mrs. Prachi Jambhekar, Deputy Municipal Commissioner, Education & planning spoke at the event and wholeheartedly welcomed and supported the program to address malnourishment in the 3 to 14-year age group. She emphasized that this beautifully aligns with state objectives and applauded the clinical approach to validate the improvement in children. She expressed hope to scale up the program to cover more children subsequently. She said that the program will not only support their health but also enable their studies in the longer run leading to more productivity for society & nation.

Representatives from Akshaya Chaitanya also emphasized the importance of this collaboration. “Malnutrition is not just a challenge but a pressing public health crisis in India, contributing to a staggering 45% of global under-five child deaths. In Maharashtra, the situation is dire, with 35% of children stunted, 36% underweight, and 26% wasted. The urban slums of Mumbai face an even more alarming scenario, where 40% of children are stunted, and 14% are underweight due to poverty, food insecurity, and limited healthcare access. Through this program, we are not just providing meals; we are nourishing the minds and bodies of the next generation. We are committed to the fight against malnutrition, ensuring that every child we reach out to is ready to grow, learn, and succeed. In addition to nutritional supplementation, the intervention will incorporate structured nutrition education sessions for caregivers to improve their understanding of child health, nutrition, and hygiene practices. Follow-up evaluation will be conducted at three months for the 3-5-year-old Balwadi children to assess growth and health parameters, ensuring they do not progress to more severe forms of malnutrition. For the 6-14-year-old schoolchildren, anthropometric and anemia screenings will be conducted using non-invasive AI tools at the start and again at the 2-month and 4-month post-intervention,” said Vikas Parchhanda, CEO, of Akshaya Chaitanya.

Gladiator’ Writer David Franzoni Teams Up with Graphic India and Starlings Television for ‘Alexander Immortal’ Series

Mumbai, October 19, 2024 Graphic India, the leader in original Indian character entertainment, announced today that it has partnered with acclaimed Gladiator and Amistad scribe David Franzoni and Starlings Television to develop a scripted series based on his upcoming graphic novel, ‘Alexander Immortal,’ which shall be released in 2025.

ALEXANDER_COVER

An acclaimed screenwriter and producer, Franzoni co-wrote and co-produced the 2000 film Gladiator, for which he was nominated for the Academy Award® for Best Original Screenplay and won the Oscar for Best Picture. He was also the writer of the Steven Spielberg film Amistad, which was nominated for 4 Academy Awards.

Franzoni created and wrote the graphic novel with Hudson Franzoni, who are also both developing the series adaptation as showrunners/EPs. Graphic India Founder and CEO Sharad Devarajan, Starlings CEO Karine Martin, Starlings Television’s Chris Philip and Graphic India’s SVP Live Action, Sarena Khan, are executive producers of the series.

“Alexander The Great defeated every army that opposed him, conquered every city that defied him, yet his most profound struggle was with his own inner darkness. Our graphic novel explores his journey through the challenges of rebellion and self-discovery against the backdrop of ancient India. Even the greatest figures confront their own shadows in the pursuit of redemption and enlightenment,” David Franzoni says.

The graphic novel tells a lesser-known story of the historical legend. Driven by an unyielding ambition, Alexander The Great set out to conquer the known world, his legendary army unstoppable. But as he plunges into the heart of India, a land alive with mystical secrets and fierce warriors, Alexander faces his deadliest challenge. Here, amidst epic battles and ancient wisdom, he discovers that the true conquest is not of empires but of his own soul.

“By approaching Alexander the Great from this unique perspective with the Franzonis and Graphic India, we intend to deliver global broadcasters and streamers an exciting new action-filled scripted series that will resonate with viewers worldwide,” comments Philip.
Adds Devarajan, “Gladiator remains one of the greatest works of cinema and is a personal inspiration for my own love of the medium. It’s an incredible honor to work with the Franzonis to bring this unique story of the complex life of one of history’s most defining and enigmatic figures. Alexander the Great changed the world – until India changed him.”

Motorola’s Bestsellers on Sale: Edge 50 Pro, G85 5G & More at Flipkart’s Big Diwali Sale

Mumbai, 19th October 2024: Motorola, a global leader in mobile technology and innovation has announced massive festive discounts on its most popular smartphones making this a last chance to buy them at their lowest ever prices. This offer includes the most popular smartphones including motorola edge50 Pro, moto g85 5G, motorola edge50 Fusion, motorola edge50 Neo, and moto g64 5G for the Big Diwali Sale on Flipkart, starting 21st October 2024. The smartphones were previously available during Flipkart’s Big Billion Days Sale and Big Shopping Utsav, where Motorola had also introduced new colours as part of its “Hello Colours, Hello AI” campaign.

Starting with the biggest Big Diwali Sale deal offered for a premium smartphone, the motorola edge50 Pro (12+256GB variant with 125W charger included in the box) which retails at can now be purchased at a net effective  (including bank offers), making it the most incredible deal on a premium and a flagship smartphone this Big Diwali Sale.

The motorola edge50 Pro is the world’s 1st AI powered Pro-Grade Camera with color output validated by Pantone™ and will now be available in Caneel Bay colour as well. It features a moto AI powered camera which is also the world’s first true colour camera. Along with the camera, the display is validated by Pantone™ for true to life color output and comes with segment’s widest aperture f/1.4 to allow more light to pass through for better photos in all lights. It flaunts the world’s  144Hz true colour display which allows the users to confidently view color and skin tone in the way the content creator intended. The motorola edge50 Pro comes with segment’s best charging owed to its 125W Turbo power charging, 50W wireless charging and 10W reverse power sharing. On the front, the smartphone boasts the segment’s only 50MP selfie camera with Auto Focus. Additionally, the motorola edge50 Pro introduced Style Sync, which uses AI to generate wallpapers based on the user’s outfit. Further, the 12GB RAM on the edge50 pro is ideal for AI features making it future ready for more moto AI features that are planned to come on the device through OTA updates in the near future.

Moving to the moto’s g-series devices, Motorola is offering a new Viva Magenta colour variant on its highest selling 5G smartphone under 20k- the moto g85 5G. It is the first moto g series device with a 3D curved endless edge display and has segment’s best Corning Gorilla Glass 5 protection. It also offers segment’s leading, shake free 50MP OIS – Sony LYTIA™ 600 Camera for incredible pictures and videos in any light and captures sharper more vibrant photos owed to Quad Pixel technology for 4x better low-light sensitivity. Inter device connectivity has also been made easy and seamless with the inclusion of Smart Connect which comes out of the box and ensures effortless sharing of files, streaming phone apps and more across phone, PC, and tablet with just a swipe. The moto g85 5G will be available in two variants 8+128 GB and 12+256 GB at net .

Further strengthening Motorola’s edge portfolio, the motorola edge50 Fusion, can be purchased at an effective . The motorola edge50 Fusion is equipped with segment’s best Sony LYTIA LYT-700C camera, a 50MP camera with all pixel instant focus technology, Optical Image Stabilization (OIS), and 4K video recording. Other disruptive and segment first features are its display and design, as the motorola edge50 Fusion flaunts the segment’s best 144Hz 10-bit pOLED curved display with 1600 nits of peak brightness and Corning® Gorilla® Glass 5 Protection. With regards to design, the smartphone is the segment’s only IP68 rated device and also features Smart Water Touch for seamless running display. All this makes the edge50 Fusion the best smartphone under INR 20K featuring several segment-best and exclusive features, now made available in Forest Green colour along with the existing colour options.

The most durable all-rounder smartphone under INR 25K, the motorola edge50 Neo will be available in 4 Pantone™ trending colours for an effective after bank discounts. The motorola edge50 Neo has the Segment best and most premium Flat display with Super HD LTPO technology, minimum bezels and 3000nits of peak brightness. It is India’s lightest IP68 MIL-810H Military Grade Certified smartphone while being the segment’s lightest at 171g and just 8.1mm thin. The device is also IP68 rated and has passed through 16 rigid MIL-STD 810H Military Grade tests, allowing this most durable all-rounder phone to withstand the toughest conditions. Moreover, the motorola edge50 Neo captures breathtaking photos with the segment’s most advanced Sony sensor LYTIA 700C camera with segment’s best AI features powered by moto ai and Google Photos AI features. It also features segment’s only 10MP telephoto camera with 30X AI super zoom and 3X optical zoom.

The moto g64 5G will be available in a new Berry Red colour at a disruptive price of just   for the segment’s only and the most affordable 12GB+256GB variant becoming most powerful 5G smartphone under 15K. The moto g64 5G offers best in the segment battery life with a 6000mAh battery which allows heavy usage for hours on end. It also charges up fast with TurboPower™ 33W charger which allows for extended hours of video chatting, gaming, and binge-watching. Another segment best feature is it offers additional 12RAM with RAM boost making it up to 24GB RAM which is again the highest in the segment. Performance is also not an issue owed to the moto g64 5G carrying the world’s 1st MediaTek Dimensity 7025 Processor, a powerful octa-core processor.

In addition to the above, the affordable moto g45 5G – with Snapdragon 6s Gen 3- the segment’s fastest 5G processor with highest 13 5G Bands, a 120Hz display with Gorilla Glass 3 protection, Pantone curated colours and a premium vegan leather design .

BPCL Mumbai Refinery Launches Indigenous FCC Bottoms Cracking Additive BHARAT BCA

Mumbai, 19th October 2024: Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ company, has proudly announced the commercialization of its indigenously developed FCC Bottoms Cracking Additive, “BHARAT BCA,” at the Mumbai Refinery. This innovation is a key step in BPCL’s commitment to sustainable and cost-effective refining technology.

BPCL

The BHARAT BCA catalyst, developed by BPCL’s Corporate Research and Development Centre (CRDC), is engineered to optimize the conversion of heavy clarified oil, commonly known as “bottoms,” into higher-value lighter products. This innovation delivers significant financial benefits by improving operational efficiency and reducing costs in the refining process.

Speaking at the event, Shri Abhai Raj Bhandari, Executive Director (Mumbai Refinery), stated, “The commercialization of BHARAT BCA reflects BPCL’s commitment to pioneering innovation and sustainable practices. This breakthrough will not only benefit our refinery but will also have a far-reaching impact across the industry as we continue to focus on cost-effective, eco-friendly solutions.”

The formal launch of the BHARAT BCA catalyst was marked by the inauguration of the Catalyst Additive loader by the Executive Director (MR), Head of R&D, and Mr. Sunil Raut, who applauded the CRDC team for their outstanding efforts in achieving this significant milestone. They conveyed their aspirations for continued successes in the future. At this momentous occasion, CRDC and MR also acknowledged the development and commercialization of other indigenous catalysts at MR, including the CO combustion promoter additive, Gasoline sulfur reduction catalyst, and LOBS catalyst.

Shri N. Chandrasekhar, Head R&D, praised the efforts of the CRDC team, stating, “The BHARAT BCA catalyst is a testament to our in-house capabilities and collaborative efforts across departments. We are proud to have developed a solution that not only aligns with BPCL’s sustainability goals but also positions us at the forefront of refining technology.”

The inauguration event was led by Shri Abhai Raj Bhandari, Executive Director (Mumbai Refinery), and Shri N. Chandrasekhar, Head R&D, in the presence of senior officials from the refinery, including Mr. A R Chaudhary, CGM (Technology), Mr. KK. Das, CGM (Operations), Mr. M B Mate, CGM (Maintenance), Mr. DP Chandramore, CGM (CRPO), Mr. S.K. Shukla, GM (Manufacturing), Mr. S.S. Agrawal, GM (Technology), Mr. SN Kale, GM (Maintenance), Mr. Sunil Raut, DGM (Environment), Mr. N Mantri, DGM (CDU4 and CCR), Mr KB Jaimon, DGM (operations), Mr Harish Lodwal, DGM (Maintenance), and Mr. SS Perumal, DGM (E&C). This was followed by a brief presentation on the journey of BHARAT BCA given by Dr. Chiranjeevi Thota, GM (R&D), Dr Supriyo Majumder, Manager (R&D) and Mr. Ajay Khande, Manager (R&D). The event was a proud moment for the entire team, celebrating a milestone that showcases BPCL’s expertise in indigenous catalyst development.

The journey of BHARAT BCA began in 2017, with a focus on developing a cost-effective catalyst for the Fluid Catalytic Cracking (FCC) process. Over the years, BPCL’s R&D team successfully scaled up production, culminating in the manufacture of 50 tons of the catalyst, which was officially introduced at the Mumbai Refinery. This “Made in India” product is now set for application in refineries across the country and beyond, further advancing India’s position in the global refining sector.

The introduction of BHARAT BCA follows BPCL’s successful development of other indigenous catalysts, including the CO combustion promoter additive, gasoline sulfur reduction catalyst, and LOBS catalyst. Together, these advancements highlight BPCL’s leadership in innovation and its commitment to delivering value through research-driven, environmentally sustainable products.

Securing Mobility: The Cybersecurity Imperative for EV Charging Infrastructure

India is set to boost electric vehicle (EV) adoption, transforming its transportation sector toward sustainability and innovation. In 2023, the global electric vehicle market was valued  and is projected to soar to around  by 2033, with a remarkable compound annual growth rate (CAGR) of 23.42% from 2024 to 2033. In May 2024, electric vehicle sales in India jumped by 20.88%, reaching . The global shift toward electric vehicles (EVs) has become unstoppable, with both government initiatives and consumer demand driving rapid adoption. By 2030, it is projected that there will be millions of EVs on the roads, and countries are racing to build the necessary infrastructure to support this shift.

While the ecological benefits of electric vehicles are undeniable, there’s a looming cyber security challenge that must be addressed to ensure that this new era of mobility is secure. The rise of electric vehicle infrastructure, especially charging stations, introduces new digital vulnerabilities that cybercriminals are eager to exploit.

The Rising Importance of Cyber security in EV Infrastructure

The world is steadily moving toward a greener future, with electric vehicles leading the charge. However, as we embrace this change, we must also consider the digital threats that accompany the digitalization of mobility. Electric vehicles, their charging stations, and related infrastructure are all part of a complex ecosystem that relies heavily on interconnected systems and data exchanges. These systems are vulnerable to cyberattacks, which could have far-reaching consequences.

The Growth of Electric Vehicle Charging Infrastructure

Governments worldwide have set ambitious targets to support the growth of electric vehicles. In Europe, for instance, the European Union has mandated that 30 million EVs should be on the roads by 2030, backed by a vast network of publicly accessible charging points. As of February 2024, India has 12,146 operational public EV charging stations. A recent report from the Confederation of Indian Industry (CII) highlighted the urgent need to establish at least  charging stations by 2030 to support the rapid growth of electric vehicles. This goal requires over 400,000 new installations each year. As charging stations multiply across cities and highways, they have become critical components of urban infrastructure, offering convenience for EV owners.

However, the more connected these systems become, the greater the risk they pose to security. Many charging points rely on cloud-based services to manage transactions, monitor availability, and even provide real-time data to users about charging speed and energy consumption. This interconnectedness is a double-edged sword; while it offers efficiency, it also introduces cyber security risks.

The Threat Landscape for EV Charging Infrastructure

As the electric vehicle industry grows, so too does the number of attacks targeting EV infrastructure. Charging stations, cloud services, payment systems, and even the vehicles themselves are all potential targets. Cyber security for these systems must evolve to keep pace with the growing threat landscape.

1. API Security Vulnerabilities

One of the primary ways in which EV charging infrastructure communicates with cloud-based systems and apps is through APIs (Application Programming Interfaces). These APIs manage everything from user authentication to transaction processing and energy flow monitoring. As these systems become more prevalent, they also become prime targets for cybercriminals.

According to a 2023 report from the Global Automotive Cyber security Report, API attacks in the automotive industry have surged by 380%, making up a significant portion of all cyber security incidents in this sector. Attackers can exploit poorly protected APIs to steal data, disrupt services, or even take control of entire systems.

2. Man-in-the-Middle (MitM) Attacks on Charging Stations

EV charging stations are particularly vulnerable to man-in-the-middle attacks, where cybercriminals intercept communication between a vehicle and a charging station. This type of attack can allow malicious actors to manipulate charging sessions, disrupt operations, or steal sensitive user information, such as payment details.

Public charging stations, especially fast-charging systems, are at the greatest risk. Since these stations are often found in highly trafficked areas, like shopping centers and highways, they present tempting targets for cybercriminals who can exploit vulnerabilities to gain access to large amounts of data or cause widespread disruption.

3. Ransomware and Malware in Charging Stations

Charging stations, much like other critical infrastructure, are vulnerable to ransomware and malware attacks. In 2022, several charging stations were infected with ransomware, resulting in the disruption of services and the locking down of systems until the ransom was paid. These attacks can have significant financial consequences for operators and cause major inconvenience to EV users, especially in regions where alternative charging options may be limited.

As ransomware attacks continue to rise, the electric vehicle sector must brace itself for more targeted efforts. Check Point’s 2024 Security Report noted that ransomware attacks surged by 90% in the previous year, with attackers using increasingly sophisticated methods to compromise critical systems, including those used in EV charging infrastructure.

4. Vehicle-to-Grid (V2G) Vulnerabilities

Vehicle-to-Grid (V2G) technology, which allows electric vehicles to return electricity to the grid, is a groundbreaking innovation that enhances energy management and supports grid stability. However, the communication between EVs and the grid introduces new cyber risks. A successful cyberattack on a V2G system could result in unauthorized energy transfers, disruptions in grid operations, or even physical damage to both the grid and connected vehicles.

With such systems in place, attackers could potentially access and manipulate critical grid infrastructure by exploiting vulnerabilities in electric vehicles. The consequences of a successful attack could include regional power outages, unauthorized usage of vehicle energy reserves, and significant financial losses.

Securing the Future: Strategies for Safeguarding EV Infrastructure

To mitigate the growing cyber security risks associated with electric vehicle charging infrastructure, organizations must adopt a comprehensive approach to security. This involves securing all components of the EV ecosystem, from the cloud services that manage charging stations to the vehicles themselves.

1. API Protection and Encryption

API security is critical for preventing cyberattacks on charging infrastructure. To protect against attacks, organizations should ensure that all API communications are encrypted and that robust authentication mechanisms are in place. Regular API audits and real-time monitoring can also help identify potential vulnerabilities before they can be exploited.

2. Zero Trust Architecture

Implementing a Zero Trust architecture ensures that every interaction within the network—whether between charging stations, vehicles, or mobile apps—is authenticated and authorized. This security model prevents unauthorized access and limits the ability of attackers to move laterally within the system if they do gain entry.

Zero Trust also requires continuous monitoring of all systems, so any anomalous behavior can be detected and addressed immediately.

3. Securing Payment Systems

Since most EV charging stations integrate payment systems, securing these financial transactions is essential. Strong encryption of payment data, coupled with multi-factor authentication (MFA), can prevent unauthorized access to user accounts and protect sensitive payment information.

Additionally, regular penetration testing of payment systems can help identify vulnerabilities that may be exploited in an attack.

4. Regular Software and Firmware Updates

One of the easiest ways for cybercriminals to exploit EV infrastructure is through unpatched vulnerabilities in software or firmware. Regular updates are crucial to closing known security gaps. Charging station operators should implement over-the-air (OTA) update systems to ensure that all devices are consistently updated with the latest security patches.

In addition, maintaining a robust Software Bill of Materials (SBOM) ensures that operators are fully aware of all software components in use, allowing them to quickly address vulnerabilities when they are discovered.

5. Collaborating with Managed Security Service Providers (MSSPs)

Given the complexity of EV infrastructure, many organizations may lack the in-house expertise needed to manage cyber security effectively. Managed Security Service Providers (MSSPs) offer continuous monitoring, threat detection, and incident response services, helping organizations stay one step ahead of cybercriminals. MSSPs also ensure compliance with industry standards like ISO 15118, which defines secure communication protocols between EVs and charging stations.

The Future of Regulations and Compliance

As the electric vehicle industry continues to grow, so too will the regulatory landscape surrounding it. In the coming years, governments will likely introduce stricter cyber security regulations for EV manufacturers, charging station operators, and related industries. Standards such as ISO/SAE 21434 for automotive cyber security and UNECE WP.29 for vehicle software updates are already setting the groundwork for securing connected vehicles and their infrastructure.

Regulatory frameworks, such as the EU’s General Data Protection Regulation (GDPR), will also play a critical role in ensuring the protection of personal data collected by EV infrastructure. Compliance with these frameworks not only protects consumers but also builds trust in the burgeoning EV market.

Conclusion: Driving the Future with Secure Infrastructure

The electric vehicle revolution offers tremendous environmental and economic benefits, but without strong cyber security measures, its full potential cannot be realized. As we move forward, securing the charging infrastructure will be just as critical as securing the vehicles themselves. By adopting comprehensive cyber security strategies and working with industry standards, we can ensure that the future of mobility is not only green but also secure.

Ensuring that these systems are resilient against cyberattacks will not only protect the investments of operators but also build consumer confidence in a more connected, greener future. Only by addressing these cyber security challenges today can we drive forward into a truly secure and sustainable tomorrow.

Add a Thai Twist to Your Diwali Celebrations at Eight Restaurant’s Exclusive Cooking Workshop

Mumbai, India – This Diwali, infuse your festivities with the vibrant and aromatic flavors of Thailand. Eight, Mumbai’s premier dining destination, in collaboration with BeautyEats, Eight presents a unique opportunity to bring a slice of Thailand into your kitchen with an immersive cooking workshop. Whether you’re a food enthusiast or looking to elevate your festive menu, this workshop promises to make your Diwali truly unforgettable.

thai twist

Led by Priyanka Mahendru Seth, the culinary mastermind behind BeautyEats, this workshop will take you on a delicious journey through authentic Thai dishes like the refreshing Glass Noodle Salad, the tangy and spicy Thai Tom Yum Street Noodles, and the creamy, comforting Khow Suey. Learn the secrets behind balancing bold flavors, master traditional Thai techniques, and discover the joy of cooking with fresh, locally-sourced ingredients.

Diwali Thai Cooking Workshop:

Date: 22nd October 2024
Time: 11:00 AM onwards
Venue: Eight, Second Floor, East Zone, Above Aptronix Apple Store, Phoenix Palladium, Mumbai