Tag: Business

New Delhi (India), May 3: Avani Institute of Design in collaboration with Design Future Foundation (DFF), USA, and DEZACT, London is curating an online design workshop, ‘MetaPlay’ which investigates the potential of using emerging technologies such as parametric design and modeling tools and Augmented Reality/Virtual Reality tools to explore and rethink about built environment design using digital media.

This six-day workshop will operate as a micro design studio that will impart hands-on digital and parametric modeling skills as well as skills in using cutting-edge interactive VR tools (UNREAL engine) within the AEC industry. Participants will have the opportunity to learn and collaboratively apply these skills to design and build architectural scale projects within a virtual environment.

Since the pandemic, Avani’s architectural studio pedagogy has made a focused attempt to use the challenges of the pandemic as an opportunity to explore the potential of virtual platforms such as Game/VR/AR for architecture and design. Over these two years a dedicated studio team led by Ar. Vineeth T K, Ar. Athira Balakrishnan, Ar. Mithun Basil and Dr. Soumini Raja systematically have investigate and contribute to the discourse on architecture’s role in the Metaverse.

As the Principal of Avani Institute of Design Ar. Tony Joseph explains, “We strongly believe that an early exposure to next-generation digital technology is mandatory for architects of the future. Digital technologies not only make design more efficient, they unlockthe creative and imaginative potential of our students. We are happy that Avani is able to bring these technologies in collaboration with domain experts like DFF and DEZACT.”

The workshop, an offshoot of the studio pedagogy, brings together Avani, DFF, and DEZACT to further this exploration, aiming to understand parametric design tools and processes. The workshop aims to provide the student community and hands-on exposure to digital visualization and immersive experience creation for architectural spaces in AR and VR, and a practical guide to end-to-end workflow from conception to production through digital technologies.

For more information visit: http://avani.edu.in

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The Halonix Prime Styl LED Batten offers three Modes: Relax Mode, Work Mode and Designer Mode in one Batten which enables the consumers to create a lighting ambience most suitable to his activity and mood.

New Delhi (India), May 3: Halonix Technologies Pvt Ltd (Halonix), India’s fastest growing residential and institutional lighting company, has unveiled one-of-a-kind Styl LED Batten under its sub-brand Halonix Prime. A new innovation in the lighting industry, HalonixStyl LED Batten offers three Modes (RelaxMode, Work Mode and Designer Mode) in one Batten. Just switch it on once for Relax mode, switch off and on once more for Work Mode, switch off and on yet again for Designer Mode.

In the relax mode HalonixStyl LED Batten throws a 20 watt yellow light upwards, giving a golden hue to the room which looks very aesthetic and calming. In the work mode the batten works like a normal 20 watt white light batten. Lastly, in the designer mode the batten throws a warm yellow glow upwards and a white glow downwards and creating an ambience that will certainly attract a lot of admiration.

Commenting on the launch of HalonixStyl LED Batten, Mr. Rakesh Zutshi, Managing Director, Halonix Technologies Pvt Ltd said, “HalonixStyl LED Batten is yet another innovation from Halonix that provides the consumer the option of using a batten in multiple modes. Our constant endeavour has been to make each of our innovations provide something relevant and in sync with the needs of our consumers.”

With one of the widest range of products across LED, Luminaires, Home Lighting, Commercial & Industrial Lighting, Street Lighting, Flood Lighting, Halogens and High Intensity discharge Lamps among others, Halonix is one of the largest players in the LED lighting segment in the country.

Priced at an MRP of Rs- 899 /- only, HalonixStyl LED Batten is available in all the leading electrical stores across Delhi, Lucknow, Bangalore, Mumbai, Kolkata and Ahmedabad markets as well as on Amazon and Flipkart.

Halonix Technologies Pvt. Ltd. is amongst India’s fastest growing retail and institutional electrical company. Halonix has been the first movers in manufacturing energy efficient lighting in India with Made in India / Made for India products. The success of Halonix has been built on the back of its unparalleled ability to develop, test and deploy lighting solutions relevant and suitable for Indian conditions. Due to its keen focus on innovation and quality control, the brand is widely accepted all across India by consumers and trade alike. It has state-of-the-art manufacturing facilities and has been accredited with ISO 9001, ISO 14001, and OHSAS 18001 certification. It has a dedicated R&D team with a fully equipped state-of-the-art laboratory that tests and develops products tailor-made for India.

Halonix Website: www.halonix.co.in

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Sanjay Uppal, Founder and CEO, Finbots.AI

Accel invests from its Fund VII; fresh funds to be deployed to accelerate product enhancement, marketing, sales & customer support; India anchors global development & support for Finbots

Delhi/Bangalore, May 3 – Finbots.AI, an AI-led, innovations-driven venture targeted at banks and financial institutions, today announced it has raised US$3 million in a Series A round from Accel. The investment by Accel comes from its Fund VII and this is the first external investment for Finbots.AI. The funds will be used towards accelerating product enhancement, marketing and sales, and customer support besides recruiting of senior talent and expanding its team across its offices. India drives all of the global development and support for Finbots.AI besides being a key market for the venture which has its corporate HQ in Singapore and a regional head office in Dubai.

Commenting on its first external investment, Sanjay Uppal, Founder and CEO of Finbots.AI, said, “This new funding unlocks the next phase of growth for Finbots.AI. Financial institutions today need pathbreaking solutions to solve their complex challenges brought by legacy platforms. Tapping on AI-enabled solutions can help them transform exponentially. We are thrilled to have Accel as a partner in this journey, further validating the potential and trust in our solution. Accel’s impressive track record with growth stage companies will be a key support for Finbots.AI. We have enormous growth potential and I am excited for our journey to transforming financial services.’’

In his comments, Mahendran Balachandran, Partner at Accel, said, “Finbots.AI team brings decades of collective experience in financial services & technology and we see great potential and promise in their solution – ZScore – as it strives to remedy & bridge the limitations of legacy credit systems. We, at Accel, are delighted to be a part of Finbot.AI’s growth as they propel forward to enhance financial services by leveraging AI technology to serve the entire community – ranging from the large banks to the small lenders. We see massive potential in the region and FinTech as a vertical.”

Credit Scoring is at the heart of lending to consumers and SMEs. Challenges posed by legacy platforms & practices limit lending institutions’ ability to determine credit risk, thereby resulting in high-risk costs and exclusion of a vast pool of creditworthy borrowers estimated at over US$10 trillion. ZScore – Finbots.AI’s advanced AI-powered credit scorecard system spans the entire credit lifecycle and democratizes access to cutting edge capabilities for all financial institutions, enabling them to rapidly develop high accuracy scorecards and process applications in real time. Equipped with an intuitive user interface & robust scorecard development capabilities, it rapidly develops higher accuracy credit scorecards by using advanced Machine Learning (ML) algorithms that utilise historical/traditional and alternate data to automatically build, validate, and deploy real-time, high-performing risk models. With ZScore, financial institutions have better visibility over potential borrowers’ credit capacity which consequently and indirectly, lead to higher financial inclusion. The World Bank Group considers financial inclusion a key enabler to reduce extreme poverty and boost shared prosperity. According to the latest Global Findex database^[1], 1.7 billion adults worldwide are unbanked, meaning that many don’t participate in any basic financial products or services.

Finbots.AI was founded in 2017 by Sanjay Uppal, Founder and CEO, and Shripad Keni, Co-Founder and CTO, a duo of experienced industry leaders equipped with knowledge and expertise within the financial industry. Leveraging on deep understanding of financial services and leading-edge technologies, Finbots.AI aims to deliver transformative outcomes for financial institutions and the community at-large that help them overcome complex challenges and achieve revenue growth, enhanced risk management and cost efficiencies. The team comprises financial and technology professionals who combine their deep global experience and expertise in leading-edge technologies to develop innovative solutions. For more information on Finbots.AI, click here: https://www.finbots.ai/.

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May 02: Currently, there are thousands of cryptocurrencies available in the market, which has put many crypto investors in a dilemma. In general, cryptocurrencies with smaller market capitalization are more volatile than large and more established digital tokens like Bitcoin and Ethereum. With Russia-Ukraine War and China banning crypto, top cryptocurrencies including Bitcoin are in bearish mode. Therefore, many crypto investors are relying on the top most promising cryptocurrencies in order to gain higher returns. This article features the top 5 promising cryptocurrencies that you can buy in May 2022.

Here are the 5 Most Promising Cryptocurrencies of May 2022

Shiba Inu

After gaining popularity in 2021, Shiba Inu held the ground in 2022 as well. Last year, it briefly overtook Dogecoin, the native meme coin, and also entered the top 10 list. Crypto investors are keeping high hopes with Shiba Inu which makes it one of the most promising cryptocurrencies of March 2022.

Dogecoin

Dogecoin (DOGE) was originally created as a meme or parody cryptocurrency. Although Dogecoin was launched in 2013, its price skyrocketed only in 2021. Shiba Inu meme that went viral over the internet back at the time is the inspiration behind Dogecoin. Tesla CEO Elon Musk has weighed in on Dogecoin, which helped drive its surge in value and popularity before it fell back dramatically in the second half of the year. Now many crypto investors are betting on this cryptocurrency.

Tethereum (T99) ERC20

Tethereum (T99), which describes itself as more than a token swap and facilitates its users with the automated market maker, is a platform for Token Swapping and Automated Market Making. To understand AMM or Automated Market Maker, we need to understand market-making in cryptocurrencies and blockchain. Market making provides liquidity on a defined cryptocurrency by submitting the bid and asking for a crypto exchange’s limit orders. Tethereum’s (T99) short-term goal is to make itself the token swap platform with the lowest fee and provide the highest fee earnings to its liquidity providers.

Bitcoin INC (BINC) BEP20

BEP -20 The invention of Ethereum was revolutionary to the blockchain ecosystem as a whole, as for the first time ever people gained a way to launch their own tokens and smart contracts. For years, the Ethereum network was the default place for launching innovative blockchain -based projects. However, the increasing popularity of cryptocurrencies, and the advent of decentralized finance (DeFi) solutions specifically, has caused massive problems with the efficiency of the Ethereum blockchain. The transaction times and fees on the Ethereum network has become so high that many crypto enthusiasts stopped using ETH altogether, and blockchain developers started to look for a better alternative. That’s what led to the creation of Binance Smart Chain.

Binance Coin

Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services. The Binance coin is expected to boost the operation of the Binance exchange and its ecosystem. It supports multiple utilities such as trading fees, exchanges fees, listing fees, and any other fees on the Binance exchange.

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May 2: India is the most diverse and populated country. The usage of resources is high. The large-scale survey of India depicts that almost 70 percent of women and 59 percent of men are living unhealthy diets and with the increase in poverty scale India is witnessing a growth in a higher number of poor people in the country. Well, the reasons can be diverse. All such numbers and ratios ignite many hearts to take a step toward the improvement and such a step is taken by Sagar Kumar also known as Aryan Narwat; one of the most inspiring samaj sevak.

When Sagar Kumar started his new role as a social activist for the welfare of poor people. He didn’t expect the impact he’d be endeavoring for society. He is a leading social activist on economic development aiming or those in poverty. Born in Delhi, Sagar is the founder of India’s first fitness NGO – the Fitholic Association. The association aimed to help the poor people and to make every rural kid fit. With his main aim to serve the countryman by far remains one of the biggest contributions to the development of our nation.

With his experience, Sagar Kumar discovered the issue that arises from the coronavirus epidemic; which impacted a lot of the poor people in India. He became the influencer to many young generations by contributing all the essential needs like Ration, Clothes, Facemasks, Sanitizers, and handwashes. Talking about the pandemic Sagar Kumar says, “I am glad that I have become a social activist as is it very important for the young generation to understand the need of the nation so that the country can grow leaving behind the poverty and poor health. I am always there at the forefront to help the people and to influence the young generation to be a part of such cause”.

From the start, Sagar is inspired to bring motivation and positivity to people’s lives. At the age of 27, he started inspiring young minds and became a perfect role model for the youth. He reached people through motivational videos to convey his message to the huge amount of people pan India. Other than encouraging to eliminate poverty; he is also involved in other causes such as woman empowerment. Recently, one of his biggest initiatives was Delhi to Mumbai “Cycle Yatra” with the message of women’s safety and empowerment. He covered the distance in 13 days and was also awarded by the Rajiv Gandhi foundation for such initiative.

Samaj Sevak Sagar Kumar aka Aryan Narwat indeed is setting an example for the young generation explaining that humanity prevails over everything. With his mind completely dedicated to bringing harmony, he is always one hand closer to the people who need it. From his Income, the majority of the earnings goes to the welfare of the poor people, by donating to any charity and arranging the essential needs for the needy people.

Such activists fighting against poverty are taking a different approach to eradicate hunger. However, the culmination of these efforts is surely making a huge impact around the nation and educating the young generation to bring a more positive approach to the country.

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New Delhi (India), April 2:  In a bid to create a comprehensive ecosystem for micro finance institution in India ‘IMPETUS’, a digital platform to facilitate fund-raising, has been rolled out by MFIN (Micro finance Institution Network) in partnership with Mindstone Maven LLP. The online platform, IMPETUS exclusively meant for the NBFC-MFI Members of MFIN, has been designed as a dynamic and interactive system to showcase qualitative & quantitative aspects of the micro-lenders to a range of prospective Investors & Lenders.

“The platform aims to create a comprehensive ecosystem, wherein the lenders & investors can have continuous access to updated, validated, and curated information on the MFIs. The platform also facilitates fund-raising interactions between the MFI and the lenders/ investors,” said Mr. Alok Misra, CEO, MFIN.

MFIN, with its primary objective to work towards the robust development of the micro-finance sector, has taken this impactful initiative to provide positive impetus towards growth of its MFI members, particularly to the small & medium MFIs.

According to Mr. Misra, “This initiative is a major milestone that can go a long way in creating a robust & transparent funding ecosystem for MFIs. Mindstone, the technology & business support partner for IMPETUS, aims to develop this platform into most preferred channel for MFI funding participants with robust primary & secondary market capabilities.”

“We are extremely excited to have this opportunity to create a positive impetus to the MFI ecosystem, which aligns perfectly with our own organizational vision to support the small & mid segment ecosystem”, says Mr. Subash Prasar, Managing Partner, Mindstone Maven LLP.

The platform features prominent key functionalities like Comprehensive data collection, data curation, intuitive dashboards, transaction initiation, transaction facilitation, transaction tracking, Coordination, interaction logs, etc. Going forward, the platform is aiming to achieve further enhancements in technology & tools to strengthen capabilities to support credit decisions & secondary market transactions for lenders & investors.

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The manufacturer of EV charger equipment has partnered with the Kerala Electricity Board to set up 29 EV charging stations across the state

Ahmedabad (Gujarat) [India], April 2: Tirex Chargers, a leading manufacturer of Electric Vehicle (EV) charger equipment, has tied up with the Kerala State Electricity Board Limited (KSEBL) to set up a chain of EV charging stations across the state.

In partnership with KSEBL, Tirex Chargers will set up 29 EV charging stations in Kerala, each equipped with multiple charging points with the provision of both AC and DC charging.

“The EV charging stations we are establishing in Kerala are comparable to fuel pump stations in terms of size. Average EV charging stations usually provide just one or two charging points for charging four-wheelers only, inconveniencing users and leading to long queues. Our charging stations will be the first in India to offer multiple charging points for four-wheelers as well as two-wheelers and even heavy EVs. There will be a total of 200 EV charging points in the 29 stations,” said Arth Patel, Co-founder and CEO, Tirex Chargers.

Tirex Chargers won the contract for establishing the 29 EV charging stations. The startup is also exploring opportunities for setting up charging stations in other states.

Of the 29 EV charging stations to be set up in Kerala, 12 stations have already been established. 

“This partnership with Tirex Chargers for setting up charging stations in Kerala is part of our plans to make Kerala an EV-friendly state. These stations will not only be of great help to people who have already bought electric vehicles but will also encourage more people to do so. As more and more people shift to electric vehicles, we will be able to reduce vehicular pollution levels in our state,” Kerala industries minister P Rajeev said at the inauguration of one of the charging stations earlier this week.

The station was inaugurated in the presence of KSEBL chairman & managing director Dr. B Ashok, and KSEBL directors R Suku and V Murugadas.

Kerala has approximately1,800 electric two-wheelers, 1,500 three-wheelers, and over 2,000 four-wheelers.

For the convenience of EV users, Tirex Chargers has also partnered with GOEC Autotech for an exclusive mobile app. The app will provide details of all 29 EV charging stations and the real-time availability of charging points.

“The app will help in avoiding unnecessary long queues and providing a hassle-free charging experience to users,” said Arth Patel.

Tirex Chargers is one of the pioneers in the EV charging industry and one of the most reliable original equipment manufacturers for EV chargers in India. The four-year-old startup, which raised $2 million (Rs. 15 crore) earlier this month, has installed more than two hundred EV charging stations across the nation already. Tirex Chargers has supplied EV chargers of 3,800 kilowatts to NTPC and has also closely worked with Finnish giant Fortum.

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New Delhi (India), April 2: Mr. Sameep Shastri, Chairman of Indian Institute of Governance & Leadership, Co-Founder & President of Confederation of Young Leaders and Vice Chairman of the BRICS Chamber of Commerce & Industry was conferred with the Leader of Hope Award presented by the Brand Story Media in their 3rd Edition of Indian Brand and Leadership Conclave as an attempt to honour the leaders who are harbouring a change through various CSR initiatives.

The Brand Story’ is an end-to-end Media and Event Services company. TBS services have been custom designed and evolving to help brands reach their customers and strengthen their identity including targeted media coverage across platforms, content creation for TV and other media platforms.

The conclave saw the presence of esteemed dignitaries like Chief Guest Shri Faggan Singh Kulaste, Honourable Minister of State Ministry of Steel and Rural Development, Mr. Kabir Bedi, Bollywood Actor & Author and Lakshmi Narayan Tripathi, Transgender Rights Activist.

Mr. Sameep Shastri was also one of the keynote speakers at the Indian Brand and Leadership Conclave 2022 and he talked about embracing the new normal, the relevance of Make in India and the significance of data. He also mentioned the various social initiatives that he and his organisations have undertaken during the COVID-19 pandemic period. He mentions, “In a short space of time, the obsolete and obstructive frameworks of the past have been dismantled and replaced with a transparent and user-friendly system that is helping drive investment, foster innovation, develop skills. As this is the 8th year of the ambitious project Make in India of Hon. Prime Minister, Shri Narendra Modi we can see it successfully transforming India and making it a business hub for global manufacturers across a variety of sectors.”

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New Delhi (India), April 2: Salasar Techno Engineering Ltd. (BSE: 540642, NSE: SALASAR), has informed the exchanges that in its board meeting held on April 30, 2022, the Board of Directors of the Company have approved split/ sub-division of equity shares of the company. The ratio of the split is set 1:10, i.e. existing one (1) equity share of the Company having face value of Rs.10/- (each fully paid up), will be split/ sub-divided into ten (10) equity shares having face value of Re.1 each fully paid up. The record date will be intimated in due course.

Salasar Techno Engineering Ltd. incorporated in 2007 is a provider of customized steel fabrication and infrastructure solutions in India. The Company provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Its products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures and customized galvanized & non-galvanized steel structures.

Salasar Techno Engineering Limited’s services include providing complete engineering, procurement and control for projects such as Railway Electrification, Rural Electrification, Power Transmission Lines, and Solar Power Plants.

Salasar Techno Engineering is among the leading manufacturers of telecom towers one of India’s leading multi-conglomerates in the Engineering and Infrastructure industry. The company is continuously on growth path. The company has a rich experience of completing several renowned projects for national infrastructure development. It has successfully executed projects for UPPCL, HVPNL (Haryana), PTCUL (UK), HPPTCL (HP) and other government entities. Prestigious Clientele in 25+ Countries worldwide includes ITI, Indus Towers, All India Radio, American Towers, etc.

“Salasar Techno Engineering Ltd. is decarbonising India’s power sector to achieve sustainability goal.

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New Delhi (India), May 2: Under Arav Exports Private Limited, Founder Mudit Choraria has introduced its three platforms, Galicha, Make My Rug, and Just Mats. These three firms are selling the best International rugs that will help decorate one’s house. Make My Rug in the USA was founded on the idea of creating and designing Custom Rugs for you. At the same time, Galicha is a renowned Importer, Exporter, Retailer, and Manufacturer of Carpets and Rugs in India. And Just Mats specializes in supplying quality mats across Australia and has a variety of mats available for different purposes.

With a vision to expand over India and already established in major cities, all the three rugs stores have provided tremendous luxury designed mats for their customers. The Carpet stores are the only specialty rug stores with a unique assortment of imported and Indian carpets in traditional, modern, and contemporary styles. Their Carpet Shops have the largest range of over 400 different designs and the option to manufacture custom Rugs.

Talking about the firm, Founder Mudit Choraria stated, “Indians have adapted to luxury lifestyle way back and are fascinated about home decor items. I saw that Indians are very inclined toward rugs or mats during an expo. Looking at this, we thought of manufacturing rugs to cater to the Indian market. Based in the USA, we focus on selling rugs all over India, and with the same vision, we want to expand in India as well. Our main vision is to bridge the gap between affordability and elegance for our Indian customers. They don’t have to purchase products from outside; instead, buy authentic and great quality rugs.”

All three firms have successfully created their name in the industry; now, they are planning to strengthen their roots in PAN India. With this, they will be able to cater to a large audience in a short period.

Arav Exports is primarily an exporter of Indian handcrafted home decor, such as rugs, furniture, and antiques, with sales offices in Europe and the United States. They are aware of industry trends worldwide and are attempting to source the best items for the Indian market. They want to be the first company to sell “Power Loom Area & Handloom Rugs” in India’s organized retail sector. Power Loom Area Rugs are high-tech machine-made carpets with a possible density of over 2.0 million points per square meter. Galicha, a brand of ARAV EXPORTS, is India’s first enterprise in the organized soft floor covering the retail market.

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