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In the vibrant landscape of Indian cuisine, basmati rice is celebrated for its aroma and cultural significance. With India leading global basmati exports, demand is surging due to changing consumer preferences and the festive season, which drives rice consumption for traditional dishes. Mirae Asset Capital Markets (India) Pvt. Ltd. has launched its thematic report- FMCG, “Basmati Bliss,” highlighting key player’s LT Foods and KRBL, as families prepare to celebrate festivals with grand feasts featuring this cherished grain.

LT Foods

Mirae Asset’s Capital Markets has recommended buying LT Foods. The current market price is with a target price of , offering a 27% upside potential. LT Foods is strategically diversifying its portfolio and enhancing its digital capabilities to capture evolving industry dynamics. The company is expected to achieve a compound annual growth rate (CAGR) of 12% in revenue from FY24 to FY27E, with a projected 200 basis points (bps) increase in EBIDTA margin, reaching a robust 13%. Compared to KRBL, LT Foods demonstrates a superior growth profile and better return ratios. The stock has recently experienced a favorable re-rating due to its business diversification, improved margins, and reduced debt.

KRBL

KRBL is currently priced at  and is considered a favorite stock to buy. Its target price is , indicating a potential upside of 17%. The company is expected to benefit from the long-term trend towards branded basmati rice among Indian consumers. Despite a 25% decrease in stock price over the past year due to export concerns, Mirae Asset is optimistic and forecasts a 4.8% earnings compound annual growth rate (CAGR) from FY24 to FY27E. This growth is expected to be driven by domestic expansion and recovery in exports.

The Basmati Boom

The global rice market is evolving, with a notable increase in demand for specialty rice varieties, particularly basmati. India holds a remarkable 77% share of global basmati production. Domestic consumption is projected to grow at a CAGR of 9% over the next five years, fueled by rising incomes and the expanding HoReCa sector.

With biryani becoming a staple, restaurants are ordering more basmati rice. LT Foods now generates 22% of its sales from the HoReCa segment, while KRBL sees a growing demand for bulk packs.

Way ahead

The basmati rice industry is poised for significant growth, driven by evolving consumer preferences and rising exports. Both LT Foods and KRBL are well-positioned to capitalize on these trends, making them attractive investment opportunities. Mirae Asset Capital Markets’ “Basmati Bliss” report highlights the promising outlook for these key players in Indian cuisine.

Mumbai, 17 October 2024 – The European Energy Exchange (EEX) and the Indian Gas Exchange (IGX), in cooperation with the Gesellschaft für Internationale Zusammenarbeit (GIZ), have agreed to support the development of the hydrogen trading market in India. This cooperation project takes place under the International Hydrogen Ramp-Up (H2Uppp) program, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK), which aims to promote projects and market development for green hydrogen in selected emerging countries.

The collaboration will initially focus on gathering market insights, as well as on engaging and developing a local community in order to establish and develop this market in the future. The project parties will bring together stakeholders from production, trading, transport and consumption, including policy makers and regulators, and jointly build up an action plan with the mid-term goal to offer an index and trading services for hydrogen in India.

Peter Reitz, CEO of EEX, comments: “With hydrogen expected to play a crucial role in the energy transition, it is important to have a global focus when developing this sector. We are delighted to contribute our market building expertise to this co-operation and support the local hydrogen community on this journey.”

Rajesh Mediratta, Managing Director and CEO of IGX, adds: “With our experience in creating energy markets in India, we’re excited to use that knowledge to build the hydrogen market. This partnership is a significant milestone for the Indian green energy sector. We look forward to jointly develop this market in line with global best practices.”

Tobias Winter, Director Indo-German Energy Forum Support Office at GIZ, comments: “We are delighted to bring EEX and IGX together to initiate trading of hydrogen in India. The establishment of an Indian hydrogen price index particularly for green hydrogen would send price signals not only to the Indian market but also to interested offtakers globally. Another step of India to become a global green hydrogen hub.” 

The agreement was signed by (l-r) Tobias Winter, Director, Indo-German Energy Forum Support Office; Peter Reitz, CEO of EEX; and Rajesh K Mediratta, MD and CEO of IGX.

The European Energy Exchange (EEX) is a leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on power, natural gas and emission allowances as well as freight and agricultural products. EEX also provides registry services as well as auctions for guarantees of origin, on behalf of the French State.

EEX is committed to the ramp-up of the hydrogen market by enabling price transparency through publishing a unique green hydrogen index, HYDRIX. In addition, it has developed a dedicated trading platform for hydrogen auctions and signed the first partnership with H2 Global in this aspect.

Indian Gas Exchange Limited (IGX) is India’s authorized natural gas trading exchange. Powered by state-of-the-art technology, the Exchange provides a transparent, efficient, and competitive marketplace to trade in the spot and forward gas contracts at designated delivery points across six regional hubs.

IGX facilitates indigenous price discovery reflective of Indian supply and demand, showcased by its benchmark price index, GIXI.

The Exchange operates under the regulatory framework of Petroleum and Natural Gas Regulatory Board (PNGRB). For further details,

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is Germany‘s leading provider of international cooperation services. As a federal enterprise, we support the German Government in achieving its objectives in the field of international cooperation for sustainable development. We are also engaged in international education work around the globe. GIZ is fully owned by the Federal Republic of Germany.

New Delhi, India, October 17, 2024 — Tenable®, the exposure management company, today announced new data security posture management (DSPM) and artificial intelligence security posture management (AI-SPM) capabilities for Tenable Cloud Security, the actionable cloud security solution. By extending exposure management capabilities to cloud data and AI resources, Tenable Cloud Security reduces risk to two of the biggest emerging threats.

Today’s cloud environments are more complex than ever. The challenge of managing this complexity has led to preventable security gaps caused by misconfigurations, risky entitlements and vulnerabilities, leaving sensitive data and AI resources vulnerable. In fact, Tenable Research found that 38% of organisations are battling a toxic cloud triad – cloud workloads that are publicly exposed, critically vulnerable and highly privileged.

Tenable Cloud Security exposes risk from across hybrid and multi-cloud environments, including vulnerabilities, misconfigurations and excess privilege, that affects data and AI resources. Integrating DSPM and AI-SPM into Tenable Cloud Security enables users to automatically discover, classify and analyse sensitive data risk with flexible, agentless scanning. With Tenable Cloud Security’s intuitive user interface, security leaders can easily answer tough questions – such as “What type of data do I have in the cloud and where is it located?,” “What AI resources are vulnerable and how do I remediate the issue?” and “Who has access to my sensitive cloud and AI data?”

“Data is constantly on the move and new uses for data in today’s AI-driven world have created new risks,” said Liat Hayun, vice president of product management for Tenable Cloud Security. “DSPM and AI-SPM capabilities from Tenable Cloud Security bring context into complex risk relationships, so teams can prioritise threats based on the data involved. This gives customers the confidence to unlock the full potential of their data without compromising security.”

“The importance of cloud data has made communicating data exposure risk one of the biggest security challenges for CISOs,” said Philip Bues, senior research manager, Cloud Security at IDC. “Tenable is at the forefront of this emerging DSPM-CNAPP conversation, enabling customers to contextualise and prioritise data risk and communicate it, which is pertinent to almost every domain in CNAPP.”

AI-SPM features enable customers to confidently forge ahead with AI adoption by enforcing AI and machine learning configuration best practices and securing training data. With the combined power of AI-SPM and Tenable Cloud Security’s market-leading cloud infrastructure entitlement management (CIEM) and Cloud Workload Protection (CWP) capabilities, customers can manage AI entitlements, reduce exposure risk of AI resources, and safeguard critical AI and machine learning training data to ensure data integrity.

MUMBAI, October 17, 2024 — AECOM, the world’s trusted infrastructure consulting firm, announced today that it has appointed Suvojoy Sengupta as regional chief executive for its business in India. Mr. Sengupta joins AECOM’s Europe and India Executive Leadership Team and will be responsible for leading and growing AECOM’s domestic business across India. AECOM is currently working on some of India’s most important infrastructure projects, including the Mumbai Coastal Road Project, Mumbai Trans Harbour Link Bridge and the Mumbai Metro Line 3.

Mr. Sengupta’s appointment reflects AECOM’s focus on deepening its capabilities in India, where it is strengthening its market-leading position in the transportation and real estate sectors, including high-tech and data centres, and drawing on its international expertise to grow in the water, environment and emerging energy transition sectors.

Mr. Sengupta brings more than 30 years of experience in strategy consulting to the role and joins AECOM from McKinsey & Company, where he led its energy transition and public sector practices in India. Before that, he held positions at Accenture (Andersen Consulting) and Booz & Co, working in the infrastructure and energy sectors. His expertise includes shaping strategies and investments in infrastructure and energy across both the public and private sectors, working with leadership teams, policy makers and investors. He is an alumnus of IIT Delhi and IIM Ahmedabad.

“Suvojoy’s appointment is key to our growth strategy in India,” said Colin Wood, chief executive of AECOM’s Europe & India region. “With major infrastructure opportunities across India, he takes on a critical role as we reaffirm our commitment to the country and look to enhance and extend our offer. His experience and foresight with innovation make him a great fit to lead our team and he brings in-depth sectoral expertise, particularly in energy transition, to AECOM and our clients.”

“It’s an exciting time to be joining AECOM,” said Mr. Sengupta. “India represents a huge opportunity as continued economic growth over the next few decades will require large investments in infrastructure, energy and logistics. The AECOM team in India boasts an impressive track record of delivering nationally important projects that connect communities and support economic development. The business is well-positioned to make a meaningful contribution towards building out the country’s significant infrastructure pipeline, and I look forward to working with our team to leverage our global strengths and bring our best capabilities as we collaborate with our clients to help solve their complex challenges and deliver transformative solutions tailored to India’s unique infrastructure needs.”

AECOM’s domestic business is headquartered in Gurgaon, Delhi NCR and employs more than 3,000 people across India, with offices in Mumbai, Kolkata, Chennai and Bangalore. AECOM is a leading designer of high-tech infrastructure and has delivered more than 40 data centres across India for a range of domestic and international clients. Signature real estate projects delivered by AECOM in India include Surat Diamond Burse and the India International Convention & Expo Centre (IICC).

Mr. Sengupta joined AECOM this week and is based in Gurgaon, Delhi NCR.

October 17th, 2024: One of the leading NBFC-MFIs, Arohan Financial Services Limited, has recently taken a significant step towards optimising its field operations by partnering with Dista, an AI-enabled location intelligence platform headquartered in Pune, India. Dista specializes in helping the BFSI sector harness the power of location data for strategic decision-making and efficient field operations management.

The AI-enabled location intelligence platform is designed for both Branch Heads and Loan Officers, providing a robust tool to track and monitor loan officer activities using GPS navigation. Its core functionality enables Branch Heads to oversee their loan officers’ daily route plans in real time, optimises travel routes to improve productivity, service delivery, and ensures timely client interactions without unnecessary delays or deviations. This solution fosters improved communication between Branch Heads and their teams, ensuring better support and enhanced performance.

Commenting on this significant operational upgrade, Mr. Manoj Nambiar, Managing Director, Arohan Financial Services Limited said, “In microfinance, which is a field & employee intensive industry it is critical to optimise the field time of the staff to optimise operational coverage & efficiency. By leveraging Dista’s advanced platform, Arohan reaffirms its commitment to utilising technology to streamline workforce management and drive higher levels of performance across its operations.”

“Dista is on a mission to apply location intelligence to financial institutions. We have worked with 40+ enterprises to streamline their field operations and improve field agent productivity with location intelligence at the core. Particularly, for large MFIs like Arohan, Dista is able to optimize field visits, following industry standard compliance norms and maximizing customer facetime”, said Deepak Garg, CTO and Co-founder at Dista.

“For Arohan, Dista has been instrumental in optimizing thousands of sales officers through smart route beat planning, real-time tracking and true visit outcomes for company-wide compliance, thereby amplifying their customer handshake in the field,” said Rajesh Patil, Vice President at Dista.

Arohan Financial Services Limited is committed to maintaining high standards of operational efficiency and its MFI 1 grade by CareEdge Advisory, assigned in the month of May 2024, for the 8th year in a row, bears testimony to the same.

The Indian automotive landscape has undergone significant transformation over the past decade, witnessing an unprecedented shift in consumer preferences. From modest family hatchbacks to commanding road presence, SUVs have emerged as the ultimate symbol of mobility and status. From congested city streets to winding mountain roads, these commanding vehicles have captured the imagination of Indian buyers across segments. As manufacturers race to meet this surging demand, below is the list of five revolutionary SUVs that not only shaped consumer preferences but fundamentally redefined India’s automotive aspirations, creating a movement that transcends mere transportation to represent achievement, adventure, and sophistication in modern India.

1. Maruti Brezza – The Brezza struck the perfect balance between practicality and affordability, offering the high seating position and road presence of an SUV while maintaining the efficiency and easy maintenance that Maruti Suzuki is famous for. Brezza’s sporty and glamorous styling struck a chord with Indian customer and it was the first compact SUV to introduce a dual color scheme, floating roof, and SMARTPLAY infotainment system. With its sleek and sophisticated styling, Brezza introduced a bold new design language, breaking away from the traditional bulky look typically associated with SUVs. In terms of feature, it gets a 9-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, a 6-speaker setup (including 2 tweeters), paddle shifters (AT variants), a sunroof, wireless phone charging, cruise control, automatic AC with rear vents, and a heads-up display.

2. MG Hector – The MG Hector has not only contributed to India’s SUV craze, but has fundamentally redefined what consumers expected from a modern SUV. Featuring India’s largest 14-inch touchscreen, along with wireless Apple CarPlay and Android Auto compatibility, and a wireless phone charger, it sets a new benchmark for convenience. It offers 8 infinity speakers along with over 100 voice commands and i-Smart technology providing 75+ connected features for easy access to navigation, music, and communication apps. The new Select Pro variant offers Dual Pane Panoramic Sunroof and Shine Pro comes with Single Pane Electric Sunroof making the Hector one of the best options in the SUV segment with exceptional value. In the segment where features and technology increasingly drive purchasing decisions, the Hector emerged as a game-changing force that compelled even established manufacturers to upgrade their offerings.

3. Mahindra Thar – The Mahindra Thar has successfully bridged the gap between hardcore off-road capability and urban usability, making it appealing to a broader audience. The recently launched Mahindra Thar Roxx is Built on Mahindra’s All-New M_GLYDE platform delivering an exceptionally smooth ride with crisp handling and class leading dynamics. The Mahindra Thar Roxx celebrates Mahindra’s off-road legacy with enhanced 4×4 capabilities, rugged design, and advanced technology, catering to serious adventurers. It reinforces Mahindra’s brand in the adventure vehicle segment and aligns with the growing trend toward experiential lifestyles It features twin 26.03 cm HD screens, a panoramic skyroof, and a sophisticated interior with ivory ambiance, leatherette trims, and a leather-wrapped dashboard. These premium touches make it appealing to both adventure seekers and city drivers.

4. Mahindra Scorpio – The Mahindra Scorpio revolutionized India’s SUV market when launched in 2002, becoming a symbol of power, reliability, and ruggedness. Its robust design and off-road capabilities attracted both urban and rural buyers, creating a strong fan base. The Scorpio marked Mahindra’s transformation from a utility vehicle maker to a mainstream SUV brand. Key features include an 8-inch touchscreen infotainment system, dual-zone climate control, cruise control, and wireless phone charging. Additional equipment includes a 6-way powered driver seat, a sunroof, and a 12-speaker sound system. The higher-spec Z8 variants now also get ventilated front seats and auto-dimming IRVM (inside rear-view mirror). Safety net includes up to six airbags, front and rear cameras, hill-assist control, a tyre pressure monitoring system (TPMS), and electronic stability control (ESC).

5. Toyota Fortuner – The Toyota Fortuner has become an icon in India’s premium SUV market since its debut in 2009. Known for its commanding road presence, rugged off-road performance, and reliability, it quickly gained a loyal customer base. The Toyota Fortuner is an SUV with ruggedness and off-road capabilities, making it the perfect companion for adventurous Indian terrains.  With a solid build and muscular design , the Fortuner is embedded with safety technology like Active Traction Control and Antilock Braking System, it gives you the confidence to soar over any obstacle and dominate while ensuring durability and reliability. Despite its tough exterior, the Fortuner offers a plush interior, combining toughness with comfort for an all-encompassing driving experience.

As we look back at how these five remarkable SUVs shaped India’s automotive journey, their influence extends far beyond sales numbers. They’ve collectively redefined mobility aspirations, transforming SUVs from mere vehicles into powerful symbols of success and adventure. From the rugged charm of the Thar to the tech-savvy Hector, the premium appeal of the Fortuner to the practical brilliance of the Brezza, and the enduring legacy of the Scorpio, each has contributed uniquely to creating today’s SUV-dominated landscape. Their success has not just driven a segment; it has fundamentally reshaped how Indians perceive, choose, and experience their vehicles, cementing SUVs as the undisputed choice for modern Indian families across urban and rural landscapes alike.

Bengaluru/ New Delhi: Sri Sathya Sai Annapoorna Trust, the force behind the world’s largest morning nutrition programme, has declared that at least 20 lakh additional children were served with 30 days under its Nutrition Month initiative. Even as the initiative, a part of Sri Madhusudan Sai’s global humanitarian mission, benefits over 1 crore school-going children across India, its scope has now been expanded to cover younger children that may not be going to schools. At least 5 lakh Anganwadi children in Telangana and 15 lakh Anganwadi children in Karnataka were included during the Nutrition Month, and in the process, the Trust completed 100 crore servings since its beginning.

During the Nutrition Month, which complemented the Government of India’s call for Poshan Maah, the Annapoorna Trust initiated collaborations with State governments in Telangana and Karnataka. To extend the reach and impact of the programme, the Trust also partnered with at least 35 leading corporate entities, including the likes of Amazon, Bangalore International Airport Ltd, Big Basket, Concord Biotech, CreditAccess India Foundation, Dell Foundation, Infosys Foundation, JCPenney, Kellogg’s India, LG Electronics, Microsoft, Volvo, Zoho and Zomato, among others. This effort brought much-needed nutritional support to underserved areas and enhanced the reach of the programme, targeting children in Anganwadis and government schools.

An event titled ‘Power of Poshan‘ was also held recently to commemorate the Nutrition Month at Sathya Sai Grama near Bengaluru. The event was graced by Global Humanitarian and Spiritual Leader – Sri Madhusudan Sai, and the attendees included more than 50 corporate leaders and government officials from 20 States, Mr Jonty Rhodes – Legendary Cricketer being it’s one of the chief guests. The programme was to felicitate the partners who enabled reaching out to 1 Crore children in 1 lac plus schools across 25 States and 4 UTs. Annapoorna Trust is focused on scaling the Morning Nutrition Programme across more regions in India, particularly in States with high levels of malnutrition. The Trust is also exploring global opportunities, leveraging its successful model to expand into countries facing similar nutritional challenges. Additionally, there are plans to introduce more innovative nutritional solutions, such as SaiSure, a fortified health mix, and collaborate with international partners to bring holistic solutions to the issue of child malnutrition.

Bengaluru, 17th October 2024—One of India’s leading financial services platforms, Moneyview has released the results of its latest survey on gold investments highlighting increasing consumer preference towards digital gold platforms as a prudent and a more convenient option to a traditional physical gold buy.

“Gold has been a cornerstone of savings and investment for Indians. However, traditional gold investments often involve finding a reputable dealer and safe storage options along with ensuring the authenticity of the gold. Digital gold, on the other hand, allows fractional ownership of gold while making it accessible to a wider range of customers. With low entry ticket size, digital gold reduces the financial burden associated with traditional gold investments, making it a more attractive savings option for many.

The research survey indicated that over 85% of the 3000 respondents consider gold to be a valuable asset for wealth preservation, with its intrinsic value and historical performance continuing to drive consumer confidence. Moneyview also found that investors, particularly in the age group of 25-40 years, invest in gold via both the physical and digital way, as part of their regular financial strategy to build wealth for retirement and other long-term goals. A notable 70% of respondents reported that their perception of gold as a safe asset positively influences their savings habits. However, in today’s digital-first economy, the appeal for gold is increasingly driving investors towards digital platforms that offer easier access to gold.

The survey shows that over 75% of respondents under the age of 35 prefer digital gold to physical gold, citing its liquidity and convenience as major factors. The survey conducted using various parameters such as location, age, and income shows that the high-income group still prefers physical gold in larger quantities with digital gold having found its way mainly among middle-income groups who appreciate the flexibility of buying smaller units, starting as low as  on digital platforms.

Meanwhile, within the location parameter, urban consumers, who often have higher digital literacy and internet access lead in adopting digital gold. The rural consumers on the other hand, who have been traditionally preferring physical gold purchases are gradually becoming aware of the benefits of digital gold, particularly through mobile apps and fintech platforms such as Moneyview.

Commenting on the survey findings, Sushma Abburi, Chief Business Officer at Moneyview, said, “Digital gold is revolutionizing the way people invest in this timeless asset. The ease of access, lower entry barriers, and enhanced security make digital gold a highly convenient and valuable option for today’s investors. As fintech platforms continue to offer innovative solutions, we believe digital gold will play a pivotal role in shaping the future of gold investments, empowering individuals across demographics to diversify and secure their financial futures.”

Assured purity, insured storage, affordable investment due to availability of SIP options, and safety among others are some of the key drivers for digital gold investments across India. Digital gold allows investors to purchase gold in real-time without the need for physical storage or transportation. Unlike physical gold, where upfront costs can be high, digital gold allows consumers to start investing with minimal amounts, making it accessible to a wider range of income groups. Moreover, the precious metal is backed by 24k gold stored in insured vaults, ensuring that consumers do not have to worry about the purity or security of their investment. Alongside, digital gold can be easily converted to cash or physical gold through trusted platforms, giving investors the flexibility to trade without incurring heavy transaction costs or delays.

More than half of the respondents believe that the ability to purchase gold in fractional amounts through digital platforms is one of the most lucrative features driving them towards changing their investment habits. Nearly 65% of millennials surveyed expressed a preference for digital gold due to its ease of access and convenience.

Moneyview’s survey firmly establishes that while physical gold remains popular among certain demographics, the growing adoption of digital gold cannot be ignored. With digital gold rapidly gaining traction across all income and age groups, its accessibility, flexibility, and security make it an increasingly attractive option for both new as well as seasoned investors.

Mumbai/Jaipur, 17 October 2024: TiE is thrilled to announce the Award of the 10th edition of the TiE Global Summit (TGS) to TiE Rajasthan, to be hosted in December 2025 in the historic city of Jaipur. This will also coincide with TiE Rajasthan celebrating 25 years of entrepreneurial success, marking TiE’s deep impact on supporting the state’s entrepreneur and investor ecosystem. The two-day event, will bring together a diverse and dynamic community of global investors, entrepreneurs, and TiE members to advance innovation, foster business growth, and create impactful networking opportunities.

This significant edition of the TiE Global Summit will mark a decade of entrepreneurial excellence and global collaboration, reflecting the commitment to fostering entrepreneurship since its inception as the first TiE chapter in India. The event will highlight the evolving startup ecosystem in India and beyond, offering a platform for thought-provoking discussions, mentorship, and investment opportunities.

Commenting on the TGS 2025 dates, Amit Gupta, Chairman, Global Board of Trustees, TiE said, “ We are excited to host this landmark 10th edition of the TiE Global Summit in Jaipur, a city that beautifully blends culture with innovation. Rajasthan is on a remarkable trajectory to position itself as a key centre for renewable energy, IT, electronics manufacturing, and sustainable tourism. Jaipur’s rise as a tech-savvy and startup-friendly destination makes it the perfect setting for entrepreneurs and investors from around the world to convene for the ‘Olympics of Entrepreneurship’, The TiE Global Summit is a global movement that allows innovators from around the world to traverse new frontiers and bring the spotlight to some of the most promising innovation ecosystems around the world.”

The TiE Global Summit is the flagship annual conference of The Indus Entrepreneurs (TiE), dedicated to fostering entrepreneurship and innovation on a global scale. Since its inception, this premier event has provided a vital platform for entrepreneurs, investors, and business leaders to connect, collaborate, and share insights that drive growth and success in an ever-evolving global landscape.

“As the Chair of TiE Global Summit 2022 in Hyderabad, I had the privilege of witnessing firsthand how a summit of this scale can create a lasting impact on a city’s entrepreneurial ecosystem. The energy, collaboration, and innovation we fostered in Hyderabad have left a lasting legacy, and I’m confident we can bring the same level of transformation to Jaipur with the TiE Global Summit 2025. From our first summit in 2016 to now, TiE Global Summit has grown tremendously, and awarding the 2025 edition to Jaipur is a testament to both the city’s potential and our mission to empower entrepreneurs worldwide.” said, Murali Bukkapatnam, Vice Chairman, Global Board of Trustees, TiE.

Australia, October 17, 2024: The penultimate push of the season is here as the MotoGP World Championship prepares for its second triple header of the flyaways, the Australian GP restarting the action after a brief respite. A clear mission for Joan Mir and Luca Marini on the Repsol Honda Team machines.

Perhaps the most unique calendar on the MotoGP World Championship calendar, Phillip Island sits on the edge of the wild Bass Straight and has hosted a number of titanic battles. Home to the Australian Grand Prix consistently since 1997, the 4.45-kilometre-long track is a favorite of riders and fans and will no doubt provide another nail-biting Grand Prix this year.

Joan Mir arrives in Australia looking to shake off the bad luck he picked up in Indonesia and Japan, incidents forcing him out of both races. It has been especially frustrating for the #36 as he and the Repsol Honda Team have been able to make a step and improve their raw speed after recent updates to the Honda RC213V. Challenging the top ten during practice in recent races, a better grid position will be vital for Mir to avoid early race incidents and show his performance when points are to play for on track. The track holds fond memories for Mir who made his World Championship debut there in 2015 and wrapped up his first World Championship at the same track just two years later.

The Australian GP offers Luca Marini another chance to continue his upward trajectory to see out the season. Able to make the most of a complicated weekend in Japan, the #10’s work ethic shone through as he salvaged points and continued to show his adaptation to the Honda. Round 17 is another chance for Marini to try his Honda at a different kind of track, the fast and flowing nature a dramatic change to the stop and go layout of Motegi.

Mick Doohan claimed his first World Championship in 1994 aboard the Honda NSR500, an achievement which will be celebrated throughout the weekend in front of his home fans.

Joan Mir

“I really love going to Phillip Island. It’s a great circuit and I have a lot of good memories there – my World Championship debut and also winning my first title. A track where you can have a lot of close races and one where the rider can have a really big impact. What we need this weekend is to Qualify better and have some luck, we can’t keep having these things happen like in the past races because we miss out on too much data. I know our speed is there and I know we are capable of doing more than we have shown in the fly aways.”

Luca Marini

“Australia is a beautiful place and the circuit is something really unique, not just the location but also the layout. In Japan we were able to make some good results for our situation even though we knew before arriving that it would be difficult. Let’s see what we can do now this weekend because many things can happen on the island. It’s the start of another very busy period with these three races so it’s important to approach everything in the proper way.”