Category business

Mumbai, 21 February 2023: Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement manufacturer and a subsidiary of Dalmia Bharat Limited deployed its first fleet of LNG trucks today. DCBL has tied up with GreenLine Logistics (Green Planet Logistics Pvt Ltd.), India’s first and only LNG-fueled heavy trucking logistics company, for this significant initiative towards building a ‘green’ supply chain with an initial order of 35 trucks. The first lot of trucks have been deployed from its Chandrapur Plant in Maharashtra today. The next deployment of 25 trucks will be done from its plan in Tamil Nadu in April. The introduction of LNG and EV trucks is part of DCBL’S green logistics strategy for the decarbonization of its transportation fleet which accounts for around 1.5% of total CO2 equivalent emissions. Dalmia Cement plans to convert 10% of its existing fleet of 3,000 vehicles to the eco-friendlier LNG alternative transport by end of FY24. The current consignment is also one of the biggest for LNG trucks signed with GreenLine Logistics in the cement sector.

Dalmia Cement has employed two types of LNG trucks – trailer and bulker trucks, for the transportation of raw materials and bagged cement. These will cover the 50 – 600 km range for inbound and outbound logistics. GreenLine’s LNG trucks reduce CO2 emissions by ~28%, translating to an emission reduction of ~24 tons of CO2 per truck per annum, compared to conventional diesel trucks. Over the initial fleet of 35 LNG trucks, this adds up to a significant reduction of 840-ton CO2 per year. In addition, these LNG trucks significantly reduce other dangerous emissions – SOx emissions by up to 100%, NOx emissions by up to 59%, and Particulate Matter by up to 91%.

Commenting on this initiative, Company Spokesperson, DBL said, “Dalmia Cement has been following the business philosophy of Clean & Green is Profitable and Sustainable. Our overall CO2 emissions have come down from 670 kg per tonne to 467 kg per tonne – one of the lowest globally and we are focusing on realizing our carbon-negative goal by 2040. We are delighted to partner with GreenLine Logistics for further reduction of our carbon footprint and GHG emissions under the Scope 3 category.”

Commenting on the association, Shri Anand Mimani, CEO, of GreenLine, said, “We are proud to partner with Dalmia Cement in their emissions reduction journey by decarbonizing their heavy trucking and will be investing ~INR 250 cr to enable the transition of 10% of their fleet to LNG by March 2024. Reducing emissions from heavy trucking is crucial for corporates targeting net zero. GreenLine is enabling this through its fleet of LNG-powered heavy-duty trucks.”

The flag-off event was attended by Dalmia Cement (Bharat) Limited officials – Mr. Saurabh Palsania, Group Commercial Head, Mr. Hakimuddin Ali, Executive Director, and Business Head Maharashtra; Mr. Anirban Basu, Executive Director, and National Logistics Head; Mr. Subbaraidu Ayyagari, Plant Head, Chandrapur. Also, present on the occasion was Shri. Anand Mimani, CEO of GreenLine Logistics,, and other key officials.

Dalmia Cement is also the first triple joiner company of EP 100, EV 100, and RE 100 initiatives of the Climate Group. The company follows a three-pronged strategy to reduce emissions – 1) by replacing conventional fuels and raw materials with alternative solutions, 2) by expanding its overall renewable energy portfolio in Solar & WHRS journey towards EV100, and 3) deployment of green vehicles in logistics. Dalmia Cement is committed to becoming carbon negative by 2040.

GreenLine Logistics is on a mission to decarbonize heavy trucking in India and is paving the way for the widespread adoption of LNG-fueled long-haul trucks by showcasing its immense advantages for corporates. GreenLine has collaborated with multiple organizations to create India’s first & only integrated green logistics ecosystem to make LNG trucking a reality in India.

New Delhi, 21 February 2023: Zigly, India’s first tech-enabled omnichannel pet care brand, has always emphasized the importance of preventive healthcare and timely check-ups for furry companions to lead a healthy and happy life. Zigly, under the umbrella campaign #NoCompromise, reinforces the importance of quality pet care experiences; releases a digital film that aims to encourage pet parents to ensure timely vet consultations and avail quality healthcare practices for pets to maintain good health and well-being of the furry companions.

The digital film starts with a snapshot of a mother at a clinic, getting a regular check-up done for her daughter. The mother firmly states that she does not compromise her daughter’s health ever. The film further gives equal importance to the pet’s health as the lady in the film passionately asserts that “when it comes health and wellbeing of my pet with Zigly, No Compromise.” The goal of the film is to show how people value their health and understand how essential it is to stay fit. Individuals, in this regard, seek the best for themselves and will not accept anything less. Bringing our pets to the vet regularly not only helps in early detection and quick intervention but also helps pet parents gain valuable insight on how to keep our fur babies healthy and away from diseases.

Sharing his thoughts on the same, Mr. Ambarish Sikarwar, Business Head, Zigly said, “Responsible pet parenting begins by dutifully following the recommendations of a pet expert to ensure overall health and wellbeing of pets. Taking our pets to the veterinarian regularly is a key step in that direction for early detection and quick intervention. This involves developing a routine between our furry friends and veterinarians when they are young to eliminate or considerably reduce the hassle and stress associated with visiting a clinic. We at Zigly, offer a wide range of services and products that are practical and affordable so that paw parents don’t have to make compromises on quality pet care experience. Through this campaign, Zigly intends to spread awareness about maintaining our pet’s health to help them lead a healthy and happy life.”

The third film is live from 20th February 2023 across social media, YouTube, Radio, My Gate app, and OOH and will also be extended at all Experience centers of Zigly. Additionally, Zigly has set up #NoCompromise booths at their stores to shower love on furry friends. Being an omnichannel pet care brand, Zigly intends to provide an integrated and quality pet care experience.

Bengaluru, February 21, 2023: Tata Motors, India’s leading automobile manufacturer and the pioneer of India’s EV evolution, today signed an MoU with Uber, India’s leading ridesharing app, to bring 25,000 XPRES–T EVs into their premium category service. Aligned towards its goal of a clean and green environment, Tata Motors will be aiding Uber in electrifying its services across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad. The Company will begin the deliveries of the cars to Uber fleet partners in a phased manner, starting this month.

Speaking at the MoU signing, Mr. Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “In line with our commitment to grow sustainable mobility in the country, we are delighted to partner with Uber, India’s leading ridesharing platform. Offering customers our environmentally friendly EV ride experiences via Uber’s Premium Category service will accelerate the adoption of green and clean personal ride-sharing. The XPRES-T EV is a very attractive option both for customers and operators. While enhanced safety, silent, and premium in-cabin experience provide the customers with a relaxed ride, the fast charging solution, driving comfort, and cost-effectiveness of the EV make it an attractive business proposition for our fleet partners. This partnership will further cement our market position in the fleet segment.”

Commenting on the partnership, Mr. Prabhjeet Singh, President, of Uber India, and South Asia said, “Uber is committed to bringing sustainable, shared mobility to India, and this partnership with Tata Motors is a major milestone on that journey. It represents the largest EV partnership yet between an automaker and a ridesharing platform in India. It will supercharge the transition to zero emissions on the Uber platform as we work towards building a sustainable future. We are committed to doing our part to bring down the barriers to going electric by working with industry partners that are leading the change”.

Tata Motors has been revolutionizing the Indian automotive market with its pioneering efforts and is leading the e-mobility wave in India with over 50,000 Tata EVs rolled out from the plant to date in the personal and fleet segment. Furthermore, Uber has committed to 100% of rides taking place in zero-emission vehicles, on public transit, or with micro-mobility by 2040.

In July 2021, Tata Motors launched the ‘XPRES’ brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. The new XPRES-T electric sedan comes with 2 range options – 315km and 277km (ARAI certified range under test conditions). It packs a high energy density battery of 26 kWh and 25.5 kWh and be charged from 0- 80% in 59 mins and 110 mins respectively, using fast charging or can also be normally charged from any 15 A plug point, which is easily available and convenient. It comes with zero tail-pipe emission, single speed automatic transmission, dual airbags, and ABS with EBD as standard across variants. The premium interiors with standard automatic climate control and Electric Blue accents across its interior and exterior will give it a differentiated presence from other Tata cars.

New Delhi, 21 February 2023: Leading EV charger manufacturer and solar solutions provider Servotech Power Systems Limited recently announced a partnership with Dubai’s Al Ansari Motors LLC, a prominent name in motor
vehicles and accessories trading, to offer EV charging solutions to Middle Eastern and African markets. Included in this is their wide selection of AC and DC EV chargers, which will enable them to increase their global footprint. This
partnership represents a significant step in the company’s philosophy of constantly developing to meet the evolving need for smart and sustainable energy solutions.

The two parties have signed a sole distributorship agreement, which will see Al Ansari Motors bring Servotech’s EV charging capabilities to the potential electric vehicle-adopting segment of the said geographic market. Their targeted synergy will accelerate bringing green mobility alternatives and develop a climate-resilient, carbon-neutral transportation ecosystem to support the adoption of electric vehicles.

Raman Bhatia, Founder, and MD of Servotech Power Systems Limited, commenting on entering into this overseas agreement said, “This key partnership marks a great leap forward for Servotech in expanding to international markets and bringing its innovative solutions closer to overseas markets. The Middle East and Africa present a huge untapped market potential and a sea of potential electric vehicle users. From this agreement, we are eyeing a revenue of $50 Million in the next one to two years. A high-density, well-amplified charging network for EVs will undoubtedly be realized in the future thanks to this partnership’s assistance in arranging and initiating the necessary steps. Each charging point, which will be a part of a vast expanse of charging stations, will be accessible to all electric four-wheelers, bringing the experience of on-the-move and on-the-go charging closer to the region’s e-mobility users.”

Mohammad Humaid Alansari, Founder at Al-Ansari Motors remarked, “We are pleased to associate with a major player in the EV charging industry like Servotech. This pact gives us a chance to make Servotech’s extensive EV charging solutions more accessible and affordable in our native markets. This will result in both generating sustainable profits and evolving the future of electric vehicles.” Clean mobility and independence from range anxiety will be made feasible for electric car owners and drivers in the Arab and African world, thanks to a well-spread footprint of EV charging stations. Owners of electric cars will find EV charging to be quite handy because of the increase in charging points. The partnership aims to create an organised and integrated EV charging infrastructure in the Middle East and African region while also offering a firm path for future developments with cutting-edge technology and faster charging speeds.

21 Feb 2023, New Delhi: Ensavior Technologies Pvt. Ltd is a leading comprehensive solutions provider company engaged in the Design, Engineering of HVAC Products, Ventilation & IAQ Services. The company was founded in 2011 with a belief that smarter and healthier buildings require high-performance engineering solutions. Mr Dinesh Semwal, Founder & MD at Ensavior was honored with the Young Entrepreneur Achiever Award for the Year, 2022 at Racon.

Felicitated by Manoj Chakravorti, President Emeritus, and Chandrasekar Narayanan Srikantan National President, ISHRAE. The Indian Society of Heating, Refrigerating, and Air Conditioning Engineers (ISHRAE), was founded in 1981 in New Delhi by a group of eminent HVAC&R professionals. ISHRAE today has over 28,780 HVAC&R professionals and Student-members. ISHRAE operates from over 44 Chapters and sub Chapters spread all over India, with HQ in Delhi.

Mr. Semwal was recognized for his revolutionary work in the HVAC fraternity for making a difference to humanity. The event was organized by The Indian Society of Heating, Refrigerating, and Air Conditioning Engineers (ISHRAE). RACON, the flagship event of ISHRAE, Kolkata, Eastern Region & Bangladesh at Hyatt Regency Kolkata, was one of the largest Technical Conferences in the country. The event was attended by around 500 Technocrats from the HVAC & R fraternity. Experts from all over India & abroad shared their knowledge & expertise through technical presentations.

Celebrated for making a difference to mankind through his excellent work in HVAC, Mr. Semwal has provided energy-efficient technologies and solutions for clean air and water along with excellence in quality and engineering services. Recognizing his contribution to nation-building, the award was instituted by the (ISHRAE) Kolkata chapter. Mr. Semwal was honored during the RACON seminar, a proud moment for the Ensavior Family.

“A leader is one who knows the way, goes the way and shows the way. I have always believed and abided by this principle. This award is a culmination of my efforts in the HVAC and R sector and I will continue to innovate in this field. I am happy that ISHRAE has bestowed this honor upon me”, shared Mr Dinesh Semwal, Founder & MD at Ensavior Technologies.

By: Mr. Rajagopal Menon, Vice President, WazirX

ChatGPT hit 100 million users in just 5 days. The hype around it has led to so much usage that it is impossible to use ChatGPT in the evenings. Just as Google revolutionized Internet search way back in 1999-2000, ChatGPI is being touted as something truly transformative. Every day we are bombarded with tips on how to make maximum use of it and are told how it is going to make every job redundant. What is not discussed is how it can help normal people in complex new industries such as crypto where technologies are evolving every day. This article looks at how AI can help the crypto industry.

AI could potentially be used to create advanced crypto trading bots. With the ability to analyze large amounts of data instantaneously, AI could be used to generate infinite Monte Carlo simulations, which apply random changes to historical trades and then calculate a new equity curve. This new equity curve is then used to verify if the trading strategy is robust. Currently, such technology is available to the biggest fund managers such as Blackstone. AI could potentially level the playing field where individual day traders can use tech that was earlier available only to institutions. This could make it easier for traders to make informed decisions and generate returns on their investments.

AI can be a boon for fraud detection where large amounts of data are analyzed and suspicious patterns are identified in real time. Through real-time monitoring and pattern recognition, AI could detect suspicious patterns. Using Machine learning, AI can learn from past data and cross-reference data from multiple sources, such as transactions, account details, and IP addresses, to create a more comprehensive picture of activity and detect potential fraud.

AI applications such as ChatGPT have the ability to write and review computer code, which has the potential to revolutionize the crypto industry in a number of ways. Steve Jobs once said that the personal computer would be the bicycle for the human brain; AI promises to be the 3500cc Superbike for the brain.

ChatGPT’s ability to write and review code also has the potential to lower the cost of software development. By making it easier for anyone to build websites and apps, could bring the cost of software development to zero, leading to an explosion in crypto projects. This will be especially true for Metaverse, GameFi, and NFT projects, as ChatGPT can help to create engaging environments in Metaverse worlds, come up with compelling storylines for Gamefi games, and brainstorm attractive use cases for NFTs.

AI can help to increase trust in crypto projects and protocols by allowing anyone to understand and audit the code. Because cryptocurrency code is open source, anyone can check to see if a project or protocol is legitimate. However, most cryptocurrency owners have no coding experience and must rely on third-party experts to ensure everything is in order. Anyone, regardless of coding experience, can use ChatGPT to inspect the code of a crypto project or protocol. All you have to do is just copy and paste code from a crypto project’s GitHub to ChatGPT which will examine the code.

Another area where AI can benefit the crypto industry is customer service. Currently, customer service for crypto projects and protocols is virtually non-existent, but AI can change that. AI-powered chatbots can provide quick and efficient customer support. This will increase trust in crypto projects and protocols and make it easier for people to use crypto in their daily lives.

AI cryptos have been some of the biggest gainers in recent months, and this is partly because there’s currently no way to invest in AI companies directly. Ocean Protocol, for example, aims to create a decentralized platform for data exchange, allowing secure and privacy-preserving sharing of data while ensuring data providers are fairly compensated. Prometheus Network is building a decentralized platform to streamline supply chain management, reducing costs and improving transparency through the use of smart contracts. Fetch.ai is creating a decentralized AI-powered marketplace, where various entities can buy and sell services, such as data, computing power, and storage. Numerai uses blockchain technology and AI to create a decentralized hedge fund, where top data scientists can contribute predictions to be used for investment decisions and earn rewards in Numerai’s token.

While AI has the potential to create limitless abundance in the crypto industry, it’s not without its issues. One of the biggest concerns is that ChatGPT has built-in biases that prevent it from doing or saying anything that would be deemed unsafe by OpenAI. This means that ChatGPT cannot provide uncomfortable truths, which could limit its ability to help us understand and solve complex problems. Lack of contextual understanding and common sense is another major problem for ChatGPT. Lastly, dependence on data as the model is only as good as the data it is trained on, which means that if the data is biased, incomplete, or not relevant, the model will not perform as well. Additionally, the model’s performance can degrade over time, as the underlying data becomes stale.

In conclusion, the potential of AI and crypto to revolutionize lives is immense. With AI’s ability to analyze data, create advanced trading bots, detect fraud, lower software development costs, and provide customer support AI is brimming with potential. However, there will always be challenges and obstacles to overcome. AI still has limitations such as biases and lack of contextual understanding that must be addressed. As Humphrey Bogart said in Casablanca, this is the beginning of a beautiful friendship.

New Delhi, February 21, 2023: India has a demographic advantage in IT talent and a fast-growing start-up culture that can be used to its utmost potential for the country to become a world leader in AI and ML. Dr. P D Vaghela, Chairman, of the Telecom Regulatory Authority of India (TRAI), said this at the 17th India Digital Summit (IDS 2023), being organized here by the Internet and Mobile Association of India (IAMAI), in association with Google and MessageBird, on February 20-21, 2023. Quoting a PwC research, he said, Artificial Intelligence (AI) could boost the world economy by up to USD 15.7 trillion by 2030.

In his address, Dr. Vaghela extensively spoke about 5G and 6G use cases and how the government was increasingly supporting R&D for different use cases. “The road ahead is full of exciting challenges and opportunities and one thing is certain the future of India rests on our ability to embrace new technologies, respond to technology disruptions, and seize the right opportunities,” he said.

“The Government is already promoting start-up ecosystem and with over 5 billion IT professionals, India already boasts the largest IT talent in the world. And with startups capitalizing on digital governance, I am sure that India@2047 will be a force to reckon with,” Dr. Vaghela added.

Dr. Vaghela in his address said that the Telecom Regulatory Authority of India (TRAI) intended to regulate the sector with transparency while also promoting competition and safeguarding the rights of citizens.

Referring to the theme of IDS 2023, Amrit Kaal: Digital India@100, Dr. Vaghela pointed out the need to re-emphasize the eight crucial governance issues for India’s journey over the next 25 years. These include: 1) how to revamp our digital governance infrastructure, 2) challenges arising out of convergence and reduced investment cycles due to technology disruptions, 3) identifying appropriate technologies, keeping in mind our demographic advantage, the strength of our IT skills and strength of the SME sector, 4) boosting local manufacturing of digital equipment, 5) keeping technology at the core of policy formulation, 6) practical implementation of whole of the government approach through a collaborative approach, 7) pursuing sustainable and equitable whole of society approach and ensuring socio-economic, digital inclusion and 8) strengthening cybersecurity, bringing in vibrant privacy law and protecting citizens from spam and frauds.

The 17th India Digital Summit will bring together over 150 speakers, including policymakers, regulators, industry captains, and subject stalwarts in more than 60 sessions, with a representation from over 500 digital brands, and the participation of over 3000 delegates.

New Delhi, February 21, 2023: Halp, one of the world’s largest tech-enabled international college admissions coaching platforms backed by the tennis legend Serena Williams, is providing end-to-end personal coach support to Indian students aspiring to study abroad. Halp entered the Indian education sector by setting up Mumbai, Delhi, and Punjab offices. With its 1:1 digital assistance model, Halp’s end-to-end free admission assistance model has earned it a trusted reputation among students worldwide.

Along with admissions counseling, Halp coaches assist the students with end-to-end support in setting up a new life in the new country; including flights, phone plans, bank accounts, accommodation, visas, scholarships, loans, and everything that they need to start their education in that country. “We want students to save their money so they can afford to study abroad at their desired institutions. We are the only company offering premium, end-to-end coaching for free”, said Matthew McLellan, Co-founder & CEO, of Halp.

Halp’s strong partnerships enable students to apply to 15,000+ programs across Canada, the US, the UK, and Australia – they can study their favorite subject in their preferred country at the right institution for them.

Over 18, 000 students from all over the country are being actively placed in more than 3,000 colleges across Canada, UK, US, and Australia. Some of the top programs include – the University of Waterloo, University of Western Ontario, and Queen’s University in Canada; the University of Illinois at Chicago, the University of California Irvine, and Johns Hopkins University in the United States; University of Salford, University of Edinburgh and University of Sheffield in the United Kingdom; Edith Cowan University, Royal Melbourne Institute of Technology and Australian National University in Australia.

21, Feb 2023: Varanium Cloud Ltd, an Indian digital technology company, has announced the launch of its second Edge Data Centre in Kudal, Sindhudurg, under its brand Hydra.

The Edge Data Centre is built in a container and enhances the accessibility of the data centre and facilitates efficient data sharing and communication even in the country’s most remote corners. It is designed to be compact and thus can easily be transported to any part of the country easily.

Speaking of the launch, Mr Harshawardhan Sabale, MD, Varanium Cloud Ltd said, “We at Varanium Cloud Ltd aim to bridge the gap between the urban and the non-urban population, and access to technology and information sharing and communication is the key to this. Our container edge data centre enables this and allows us to facilitate connectivity and equitable development, thus, aiding us in our mission to ‘build the phy-gital ecosystem for the #nextbillion’.

This initiative by Varanium Cloud Ltd follows the launch of its first data edge centre in Goa in the month of December. The company also plans to launch another data centre in Mumbai by March 2023.

New Delhi, February 21, 2023: BharatPe Group today announced a new addition to its leadership team with the appointment of Aparna Kuppuswamy as its Chief Risk Officer. A seasoned leader with almost 3 decades of experience in the Consumer Banking Industry with extensive expertise in managing portfolios across all major product lines including credit cards, mortgages, and unsecured personal loans. Aparna will be leading the risk portfolio across the BharatPe Group of companies, including the merchant and consumer businesses. She will be working closely with the CFO and interim CEO, Nalin Negi, to further build a robust lending vertical at BharatPe.

Aparna is one of the highly respected professionals in the banking and financial services industry. Prior to joining BharatPe, Aparna was the Chief Risk Officer at SBI Cards for 14+ years, where she led a number of key projects. Under her able leadership, the company’s portfolio grew by more than 20X. She was also a part of the leadership team that took SBI Cards public. Aparna managed the entire spectrum of risks facing the company in a fast-changing and unpredictable environment. She also defined the risk appetite framework for the company in partnership with frontline business and operational groups as well as working closely with the Risk Management Committee of the Board. She also ensured that Credit, Operational, Fraud, Regulatory, and Information security risks are defined, measured, reported, and monitored closely. Aparna also managed the Technology Risk function through the CISO organization by managing the physical and cyber security policies and practices. She also worked extensively on improving the security architecture and posture of the company. Prior to working with SBI Cards, Aparna was Director, Credit Policy, at Ameriprise Financial. She has also held leadership roles at ABN AMRO Bank and Bank of America. Aparna is a Master’s in Finance & Control from the University of Delhi.

Commenting on the appointment, Nalin Negi, CFO, and interim CEO, BharatPe said, “ At BharatPe, we are committed to addressing the US$ 380bn credit gap for MSMEs and small merchants. In the coming months, we will aggressively focus on building the lending business across Bharat as well as roll out a range of credit products for our merchant partners and consumers. Aparna with her in-depth understanding of all facets of risk strategy, credit policy, and portfolio management, as well as extensive industry and product knowledge, will play a vital role in the next phase of our growth story as well as helping us in becoming IPO ready. Additionally, Aparna’s understanding of the consumer side of financial services will help us build cutting-edge products that are not only relevant but also are risk aversive. Lastly, her expertise in managing technology risk will ensure we build highly secure products for our merchant partners and consumers. On behalf of the leadership team at BharatPe, I would like to extend a very warm welcome to Aparna.”

Amit Jain, who is currently the Chief Risk Officer of BharatPe will be working closely with Aparna and will be investing more of his time in collections and underwriting, from a merchant standpoint.

Added Aparna, “BharatPe’s success story in the fintech industry is a case study in itself. In just 4+ years, the company has emerged as one of the biggest flag bearers of digital payments and B2B lending in the country. Today, it has an entrenched network of over 1 crore merchants in 400+ cities. The company has also done phenomenal work in facilitating credit to merchants – with over Rs. 8000 crores worth of loans facilitated to lakhs of merchants across the country. I am really excited to be a part of the promising organization and spearhead the risk and credit strategy for the BharatPe Group of companies. I look forward to working with the team to build new products, that will make a huge impact on millions of unbanked and underserved businesses and play a key role in making India a truly Digital economy.”