Business Archives - https://upcomingnews.in/category/business/ The fastest source Fri, 10 May 2024 12:59:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://upcomingnews.in/wp-content/uploads/2023/03/cropped-UPCOMING-NEWS-32x32.jpg Business Archives - https://upcomingnews.in/category/business/ 32 32 SBI General Insurance Appoints Jaya Tripathi as Head – Key Relations Group to sharpen focus on banks and other financial institutions https://upcomingnews.in/sbi-general-insurance-appoints-jaya-tripathi-as-head-key-relations-group-to-sharpen-focus-on-banks-and-other-financial-institutions/ https://upcomingnews.in/sbi-general-insurance-appoints-jaya-tripathi-as-head-key-relations-group-to-sharpen-focus-on-banks-and-other-financial-institutions/#respond Fri, 10 May 2024 12:56:08 +0000 https://upcomingnews.in/?p=6998 SBI General Insurance, one of India’s leading general insurers, has announced the appointment of Ms. Jaya Tripathi as Head – Key Relations Group. In her new role, Ms. Tripathi will lead the...

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SBI General Insurance, one of India’s leading general insurers, has announced the appointment of Ms. Jaya Tripathi as Head – Key Relations Group. In her new role, Ms. Tripathi will lead the expansion of new business opportunities and partnerships, drive sales team growth, and deepen partner relationships to enhance profitability.

With a diverse background spanning general insurance, fashion retail, and tourism, Ms. Tripathi brings anarray of experience to her new position. Her extensive background includes holding senior leadership roles at renowned organizations such as Mahindra Holidays, ICICI Lombard, Forevermark Diamonds (De Beers Group), and Aditya Birla Group, where she has significantly contributed to business and strategic development. Ms. Tripathi holds a Post Graduate Diploma in Business Management (Marketing) from Symbiosis International University.

Mr. Rakesh Kaul, CBO,SBI General Insurance, said, “We are delighted to welcome Jaya to the SBI General Insurance family. We are confident that with her extensive experience and proven track record, she will play a pivotal and indispensable role in driving our business goals forward.”

Commenting on her appointment, Ms. Jaya Tripathi said, “I am excited to join SBI General Insurance as the Head – Key Relations Group. In this new role, I look forward to leveraging my experience to drive strategic partnerships and contribute to the company's growth.”

Ms. Tripathi's appointment reflects SBI General Insurance's commitment to strengthening its leadership team and delivering value to its partners and customers.

 

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Gujarat Titans Tackle Waste Challenge to Score Big on Sustainability During TATA IPL 2024 https://upcomingnews.in/gujarat-titans-tackle-waste-challenge-to-score-big-on-sustainability-during-tata-ipl-2024/ https://upcomingnews.in/gujarat-titans-tackle-waste-challenge-to-score-big-on-sustainability-during-tata-ipl-2024/#respond Thu, 09 May 2024 07:35:30 +0000 https://upcomingnews.in/?p=6996 ~ Fans join Gujarat Titans in hitting a six for sustainability, first five matches see 75,557 kgs of waste diverted   Gujarat Titans’ ongoing partnership with Nepra Resource Management Pvt. Ltd. (NEPRA) for...

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Fans join Gujarat Titans in hitting a six for sustainability, first five matches see 75,557 kgs of waste diverted

 

Gujarat Titans’ ongoing partnership with Nepra Resource Management Pvt. Ltd. (NEPRA) for waste management during IPL matches at the Narendra Modi Stadium has yielded impressive results, diverting a significant amount of waste from landfills. The expanded sustainability initiatives during the first five home games of the TATA IPL 2024 season have seen a substantial 75,557 kgs of waste being diverted from landfills through segregation and recycling efforts.

 

During the five home matches, Gujarat Titans and NEPRA successfully collected and managed a total of 75,557 kg which included 6,400 kg of wet waste and 69,157 kg of dry waste. The wet waste was sent to Bharuch Enviro Infrastructure Ltd. for composting and transforming it into valuable organic fertilizer. The dry waste was efficiently segregated at Nepra’s material recovery facility into recyclable waste such as mixed plastic, mixed paper, PET, and non-recyclable waste. This resulted in 24% of the dry waste being diverted from landfills.

 

Stadium awareness campaigns engaged fans through pre-game announcements, visual displays, interactive activities, and promotional materials. These served to inform and educate fans about the importance of sustainable practices like waste segregation and responsible waste disposal practices. to save the environment and ensure a greener future.

 

Colonel Arvinder Singh, Chief Operating Officer, Gujarat Titans said, “We are proud of our sustainability initiatives that have led to significant progress in minimizing our negative environmental impact during the TATA IPL 2024. Our partnership with NEPRA along with the enthusiastic participation of our fans has been instrumental in achieving these results. The efforts this year has built upon our efforts in diverting 98% of waste from landfills during IPL 2023. Gujarat Titans remain committed to exploring innovative solutions for sports to contribute to a greener earth.”

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Touro University to Conduct Spot Admissions at Hyderabad, Offering upto USD 5000 Scholarship to Students https://upcomingnews.in/touro-university-to-conduct-spot-admissions-at-hyderabad-offering-upto-usd-5000-scholarship-to-students/ https://upcomingnews.in/touro-university-to-conduct-spot-admissions-at-hyderabad-offering-upto-usd-5000-scholarship-to-students/#respond Thu, 09 May 2024 07:33:57 +0000 https://upcomingnews.in/?p=6994 Touro University, renowned for its commitment to cutting-edge education, is set to conduct spot admissions in Hyderabad on Friday the May 10th at the Park Hyatt hotel, Banjara Hills. In collaboration with...

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Touro University, renowned for its commitment to cutting-edge education, is set to conduct spot admissions in Hyderabad on Friday the May 10th at the Park Hyatt hotel, Banjara Hills. In collaboration with Get2Uni, Global Education Enablers, Touro University announces exclusive spot admission offers and scholarships for prospective students.

Get2Uni, led by Founder & President Pawan A Srivastava, brings extensive recruitment experience and personalized support to students worldwide. Strengthening Touro University's efforts, Get2Uni empowers students in fulfilling their study abroad aspirations.

Prospective students attending the spot admissions event will have the opportunity to apply for admission to Touro University and receive an exclusive USD 5000 scholarship towards their studies. This scholarship underscores Touro University's commitment to supporting students in their educational pursuits.

The press conference highlighted Touro University's mission to provide transformative educational experiences, preparing students for success in a rapidly changing world. Dr. Rima Aranha, Associate Provost for Strategic Initiatives, emphasized the university's dedication to excellence in technology education, empowering students to become leaders and innovators.

Complementing its focus on technology, Touro University offers a diverse range of undergraduate programs across various disciplines, including health sciences, education, and business. Mr. James Shafer, Director of International Student Recruitment and Enrollment, highlighted the university's commitment to equipping students with the skills to excel in their chosen fields.

Prospective students interested in pursuing studies at Touro University are encouraged to attend the spot admissions event in Hyderabad on May 10th, 2024 at Park Hyatt, Banjara Hills. Through a blend of academic rigor, hands-on experience, and dedicated faculty mentorship, Touro University remains at the forefront of innovation in education.

For more information about Touro University, its programs, and spot admission events, please contact – Email: Junaid@get2uni.com
WhatsApp: +91 88811 82622

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70% farmer experienced increased food production through Regenerative Agriculture- PRADAN’s Survey Report https://upcomingnews.in/70-farmer-experienced-increased-food-production-through-regenerative-agriculture-pradans-survey-report/ https://upcomingnews.in/70-farmer-experienced-increased-food-production-through-regenerative-agriculture-pradans-survey-report/#respond Wed, 08 May 2024 07:54:44 +0000 https://upcomingnews.in/?p=6992 ●       80% of farmer respondents witnessed soil health improvement ●       85% reported increased income from agriculture  PRADAN, a social impact organisation which has undertaken a survey around regenerative agriculture. The survey was...

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       80% of farmer respondents witnessed soil health improvement

       85% reported increased income from agriculture

 PRADAN, a social impact organisation which has undertaken a survey around regenerative agriculture. The survey was undertaken in Jharkhand with a sample size of almost 2800 households adopting regenerative agriculture.

In their regenerative journey, these farmers are expected to adopt many other practices like minimal tillage, crop rotation, multi-cropping, moisture management, pest and disease management. Based on PRADAN’s survey in Jharkhand (in 2023), based on a sample of 2800 households with 2400 households practising Regenerative agriculture and 400 households practicing conventional agriculture, it was found that, more than 80% of respondents who practised regenerative agriculture, reported better water holding of soil, darker soil colour (indicating improvement in organic matter content more organic material), finer soil texture and more organisms which improve soil quality.

More than 70% of respondents experienced increased food production. Surprisingly, even many of the first-year farmers reported a rise in production, as it usually takes time to re-establish the soil fertility damaged due to chemical applications. More than 96% of the respondents stated that regenerative agriculture, was capable of ensuring food security for them.

An even higher percentage of respondents, 85%, reported increased income from agriculture after adopting Regenerative Agriculture. During focus group discussions farmers reported that regenerative agriculture products have longer shelf life and were preferred by consumers. Regenerative agriculture has also helped in empowering women. Initially the dada (male member) was reluctant about regenerative agriculture but through trainings, women from the SHGs managed to convince them to take a chance with regenerative agriculture.

According to Dibyendu Chaudhuri, Integrator, PRADAN, farmers who are practising regenerative agriculture, can be distinguished from conventional farmers by two basic practices: zero application of chemical inputs such as fertilisers, pesticides or weedicides, and use of inoculum for enhancing microbial activities in the soil. 

 

These alternative practices also look at cropping as a holistic system where many crops, either together or in rotation revitalise soil health and thereby help increase production of each other. Though regenerative agriculture is eventually gaining grounds in India, the results of this kind of farming is encouraging for the environment, soil health, increased production and most importantly for the growth of farmers. Rather than focusing solely on one component and its effectiveness, most of these alternative practices follow a systemic approach and consider the entire production system including the surrounding ecosystem. These practices are based on how the entire system behaves, impacts one another and how it gets impacted with any additional input or absence of any of the essential components.

Regenerative agriculture, if focused more seriously, can change the face of Indian agriculture and take it to greater heights. 

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Anil Goswami’s Culinary Empire Illuminates Singapore’s Cultural Tapestry: Al Capone and Rocking Rickshaw https://upcomingnews.in/anil-goswamis-culinary-empire-illuminates-singapores-cultural-tapestry-al-capone-and-rocking-rickshaw/ https://upcomingnews.in/anil-goswamis-culinary-empire-illuminates-singapores-cultural-tapestry-al-capone-and-rocking-rickshaw/#respond Tue, 07 May 2024 13:25:53 +0000 https://upcomingnews.in/?p=6990 In the kaleidoscope of Singapore's culinary landscape, two names radiate brightly: Al Capone and Rocking Rickshaw. Revered for their culinary prowess and dedication to showcasing Indian culture, these establishments have become cherished...

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In the kaleidoscope of Singapore's culinary landscape, two names radiate brightly: Al Capone and Rocking Rickshaw. Revered for their culinary prowess and dedication to showcasing Indian culture, these establishments have become cherished staples among expatriates and locals alike.

At the helm of this culinary empire stands Mr. Anil Goswami, the visionary CEO & Founder, whose mission since 2015 has been to weave an exceptional culinary narrative in Singapore. His ventures, Al Capone's Ristorante and Bar and Rocking Rickshaw, not only tantalize taste buds with inventive cuisine at accessible prices but also function as cultural epicenters, hosting Indian music performances and even producing Bollywood films.

Anil Goswami's commitment extends beyond the promotion of Indian culture; it revolves around nurturing a sense of belonging. Recognizing the importance of supporting talent, especially during challenging times like the COVID-19 pandemic, he has steadfastly stood by his employees since the inception of his ventures.

Beyond serving exquisite drinks and delectable food, Al Capone's embodies community, mentorship, and empowerment. With 14 strategically positioned establishments across Singapore, it has become synonymous with excellence and core values. Anil Goswami emphasizes, “I am deeply committed to creating spaces where both Singaporeans and Indians abroad can feel at home.”

While Al Capone's commands attention, Rocking Rickshaw stands as a cultural landmark in its own right, offering guests a Bollywood-inspired ambiance and irresistible cuisine. Anil's journey with both ventures exemplifies the transformative power of passion and determination, elevating India's culinary prowess on the global stage.

Anil Goswami's impact transcends cuisine; he provides a platform for emerging artists and musicians from India to shine. Through this cultural exchange, he strengthens the bond between India and Singapore, one performance and dish at a time.

In essence, Al Capone and Rocking Rickshaw are more than just eateries; they serve as gateways to India's vibrant culture and rich heritage. Through the medium of food, music, and hospitality, Anil Goswami celebrates festivals with a burst of flavors, enriching Singapore's culinary landscape and fostering cultural harmony.

For media inquiries or further information, please contact Amitabh Kumar 8750057523.

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CrowdStrike Unifies ASPM with CNAPP to Stop Breaches from Code to Cloud https://upcomingnews.in/crowdstrike-unifies-aspm-with-cnapp-to-stop-breaches-from-code-to-cloud/ https://upcomingnews.in/crowdstrike-unifies-aspm-with-cnapp-to-stop-breaches-from-code-to-cloud/#respond Tue, 07 May 2024 12:19:04 +0000 https://upcomingnews.in/?p=6988 CrowdStrike (Nasdaq: CRWD) today announced the general availability of CrowdStrike Falcon® Application Security Posture Management (ASPM) as an integrated part of CrowdStrike Falcon® Cloud Security. With this release, CrowdStrike delivers on its bold vision to simplify...

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CrowdStrike (Nasdaq: CRWD) today announced the general availability of CrowdStrike Falcon® Application Security Posture Management (ASPM) as an integrated part of CrowdStrike Falcon® Cloud Security. With this release, CrowdStrike delivers on its bold vision to simplify and scale modern cloud security through a single, unified platform so Cloud SecOps can operate with the speed and agility of DevOps.

 

Cloud intrusions have surged by 75% over the past year, increasing the pressure on SecOps teams that are already grappling with a shortage of skilled personnel and the inefficiency of numerous disjointed tools. With the native integration of ASPM into Falcon Cloud Security, CrowdStrike is driving consolidation across SecOps with a unified platform that enhances risk visibility and protection across the entire cloud estate, from infrastructure to applications and the services running inside of them, enforcing comprehensive, code-to-runtime security. With this release, CrowdStrike is advancing the market and setting a new standard for what customers can expect from a comprehensive CNAPP.

 

“The complexity of cloud environments and rapid pace of changes creates misconfigurations and vulnerabilities that adversaries increasingly exploit. Disjointed point products and fragmented platforms create gaps in security defenses that can lead to a breach,” said Karan Gupta, head of engineering, CrowdStrike. “With the integration of Falcon ASPM with Falcon Cloud Security, we’re providing one platform that provides comprehensive risk visibility and workload protection across the entire cloud estate. This revolutionizes CNAPP with integrated ASPM and provides organizations with a blueprint that bridges the gap between their security and development teams.”

 

The Strategic Leader in Cloud Security Sets a New Standard
CrowdStrike unifies the critical CNAPP capabilities that define modern cloud security in a single, cloud-native platform, delivering the deep visibility, integration into DevOps workflows and rapid incident response capabilities teams need to manage and respond to incidents and secure complex cloud infrastructure and applications with priority and context.

 

Validated as a market leader by multiple industry analyst firms, CrowdStrike extends its strategic leadership and sets a new standard for modern cloud security with unified CNAPP capabilities from a single agent and single platform that delivers:

·         Business Threat Context: SecOps teams can immediately understand and prioritize the high-risk threats and vulnerabilities that target sensitive data and the mission-critical applications that are the foundation of an organization.

·         Deep Runtime Visibility: With comprehensive monitoring across runtime environments, security teams can rapidly identify the security vulnerabilities across cloud infrastructure, workloads, applications, APIs, GenAI and data to eliminate security gaps and stop breaches.

·         Runtime Protection that Stops Breaches: Fueled by industry-leading threat intelligence, Falcon Cloud Security detects and prevents cloud-based threats in real time, delivering the security outcome customers need most – stopping the breach.

·         Industry Leading MDR and CDR: By unifying industry-leading managed threat hunting with deep visibility across cloud, identity and endpoints, CrowdStrike’s Cloud Detection and Response (CDR) speeds detection and response across every stage of a cloud attack, even as threats move laterally from cloud to endpoint.

·         Shift Left Security: By embedding security early in the application development lifecycle, Falcon Cloud Security enables teams to preemptively address potential issues, streamlining the development process and boosting efficiency across development and security operations.

 
“With CrowdStrike Falcon ASPM, we’ve gone from multiple tools, high complexity and spending a lot for poor visibility to a single pane of glass where we can do everything with one platform,” said Jason Deluce, director of information technology, Porter Airlines. “Cybersecurity is key to scaling the company and we know CrowdStrike is there for us.”


For more information, please visit our website.

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Sunkind Energy Shines Bright, Set to Energize Solar Infra Boost with 5 MajorRooftop Projects https://upcomingnews.in/sunkind-energy-shines-bright-set-to-energize-solar-infra-boost-with-5-majorrooftop-projects/ https://upcomingnews.in/sunkind-energy-shines-bright-set-to-energize-solar-infra-boost-with-5-majorrooftop-projects/#respond Tue, 07 May 2024 12:16:56 +0000 https://upcomingnews.in/?p=6985 Sunkind Energy, a pioneer in solar solutions, has secured five solar rooftop projects, paving the way for the growing renewable energy sector. By expanding its presence in commercial and solar installations through...

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Sunkind Energy, a pioneer in solar solutions, has secured five solar rooftop projects, paving the way for the growing renewable energy sector. By expanding its presence in commercial and solar installations through these important projects, Sunkind Energy has established itself as a leading player in solar engineering, procurement, and construction (EPC) services, especially in North India. The company has won projects of combined capacity of 10 MW in states like Punjab, Haryana, Rajasthan and Chhattisgarh.

 

With its significant progress in the development of India's solar energy infrastructure, Sunkind has left indelible green footprints encompassing diverse industries across the country. The company will work on these solar rooftop installation projects for the prestigious industry players such as Cedaar Textiles Private Limited, ABREL Solar Power Limited–subsidiaries of the Aditya Birla Group, Jindal Stainless Limited, Jindal Steel and Power Limited, and SBF Rapid (TMT).

 

Continuing its brand legacy, Sunkind has earned several accolades for its unstinting commitment to delivering top-quality solutions. In the renewable energy market, the company has carved its niche by excelling in solar engineering, procurement, and construction (EPC) services. In its effort to amplify competitiveness and reduce project costs, Sunkind has spotlighted the development of proprietary solar tracker systems and the establishment of its own solar panel manufacturing line, which will see the light of the day in 2025.

  

Hanish Gupta - MD_ Sunkind.jpg

Hanish Gupta, Founder and CEO of Sunkind Energy, says: “At Sunkind Energy, we take immense pride in leading the charge towards expanding solar infrastructure in India, thereby fostering a cleaner and more sustainable energy future for generations to come. Our unwavering dedication to excellence and innovative solutions has firmly established us as a trusted partner in driving advancements in renewable energy. As we continue our mission, we remain

steadfast in our commitment to collaborate with the government in achieving climate action goals and reaching the target of net zero emissions by 2070. We prioritize integrity and reliability in every aspect of our operations. Sunkind Energy believes in delivering end-to-end solutions directly to its clients, rather than subcontracting or delegating projects to smaller vendors. This approach ensures seamless maintenance and operations, safeguarding the long-term success and sustainability of our projects. At Sunkind Energy, we are committed to upholding the highest standards of quality and accountability in all that we do.”

 

Furthermore, Sunkind is transitioning towards a utility-scale developer model, aiming to invest in long-term power purchase agreements (PPAs) and utility-scale projects. This strategic shift promises improved business viability and faster return on investment compared to traditional EPC contracting.

 

In addition to solar initiatives, Sunkind is actively involved in energy storage systems, integrating solar energy with battery storage for enhanced energy independence. The company is also working on solar park development projects in Chattisgarh, Rajasthan, and Haryana, advocating for capital expenditure (Capex) models to accelerate solar adoption among visionary entrepreneurs and businesses.

 

Sunkind's commitment extends beyond project completion, offering lifetime operation and maintenance solutions to ensure sustained performance and client satisfaction.

 

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BASF reiterates its commitment for Indian Farmers with its novel chemistry of Efficon(R) Insecticide – powered by Axalion(R) Active https://upcomingnews.in/basf-reiterates-its-commitment-for-indian-farmers-with-its-novel-chemistry-of-efficonr-insecticide-powered-by-axalionr-active/ https://upcomingnews.in/basf-reiterates-its-commitment-for-indian-farmers-with-its-novel-chemistry-of-efficonr-insecticide-powered-by-axalionr-active/#respond Mon, 06 May 2024 12:29:44 +0000 https://upcomingnews.in/?p=6983 ·         Following the success of Exponus® Insecticide, BASF strengthens its position by launching Efficon® Insecticideto support Indian farmers. ·         Efficon® is an industry first, offering a unique class of chemistry (IRAC group...

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·         Following the success of Exponus® Insecticide, BASF strengthens its position by launching Efficon® Insecticideto support Indian farmers.

·         Efficon® is an industry first, offering a unique class of chemistry (IRAC group 36) with novel mode of action for effective control of piercing and sucking pests.

·         Indian farmers are one of the first few in the world to obtain BASF latest novel chemistry – Efficon Insecticide, powered by Axalion® Active 

 

 Piercing and sucking pests pose a significant threat to agricultural crops in India, causing extensive damage amounting to 35 to 40% loss in the productivity and yield of the produce. Farmers in India can now manage this challenge with Efficon®, a new BASF insecticide launched today. Efficon is powered by BASF’s new active ingredient, Axalion® in a specialized formulation.

 

With its unique mode of action, Efficon Insecticide is among the first compounds in the market introduced under the new IRAC group 36 which represents a totally new class of insecticides (Group 36—pyridazine) which has no known cross-resistance with existing products in the market, making it a superior insecticide resistance management tool.

 

Efficon Insecticide was first launched in Australia in 2023. India is one of the earliest countries in the world to obtain this new novel chemistry that will help support farmers manage tough sucking pests.

In line with Asia Pacific strategy, BASF is developing solutions specifically for local market needs.“At BASF, everything we do we do for the love of farming. We are dedicated to listening and working alongside farmers to understand their needs, so that we apply our expertise to help them successfully face the enormous challenge of protecting crops from pests and boosting productivity, supporting the biggest job on earth,” said Simone Barg, Senior Vice President, BASF Agricultural Solutions, Asia Pacific.

 

A valuable aspect of Efficon Insecticide is its unique mode of action. It is highly effective on multiple life stages of target pests like Aphids, Jassids and White flies. Upon application, Efficon quickly stops insects from feeding and plant injury. It provides long lasting residual control due to its systemic properties.

Due to its systemic properties, Efficon provides long lasting residual control even to the new crop growth.“This innovation reaffirms BASF’s commitment to help farmers across boundaries in managing a variety of existing sucking pests. Efficon will help Indian farmers in effective and long duration protection against insect pests in wide variety of crops like cotton and vegetables. Efficon is also highly compatible with non-target organisms and beneficial insects, including pollinators, when applied according to label instructions,” said Giridhar Ranuva, Business Director Agricultural Solutions, BASF India.

 

 “This milestone with Efficon supports our goal of developing an insecticide portfolio that helps farmers worldwide. BASF is committed to helping Indian industry and agriculture maximize their potential. Indian growers deserve access to advanced solutions to help them achieve better yields managing resistance with innovations in sucking pests,” said Dr. Marko Grozdanovic, Senior Vice President, Global Strategic Marketing, BASF Agricultural Solutions.“We are convinced that by providing farmers with effective and sustainable solutions, we can support them to meet the growing demand for food while reducing the impact on the environment, “ he added.

 


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IN-SPACe releases Norms, Guidelines and Procedures(NGP)for implementation ofIndian Space Policy 2023 in respect of Authorization of Space Activities https://upcomingnews.in/in-space-releases-norms-guidelines-and-proceduresngpfor-implementation-ofindian-space-policy-2023-in-respect-of-authorization-of-space-activities/ https://upcomingnews.in/in-space-releases-norms-guidelines-and-proceduresngpfor-implementation-ofindian-space-policy-2023-in-respect-of-authorization-of-space-activities/#respond Fri, 03 May 2024 12:05:49 +0000 https://upcomingnews.in/?p=6981 Indian National Space Promotion and Authorization Centre (IN-SPACe) was constituted in October 2021 as part of the far-reaching reforms in the space sector brought out by the Government of India, aiming towards...

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Indian National Space Promotion and Authorization Centre (IN-SPACe) was constituted in October 2021 as part of the far-reaching reforms in the space sector brought out by the Government of India, aiming towards boosting private sector participation in the entire range of space activities. IN-SPACe was created with a mandate to regulate and authorize all space activities undertaken by the Government entities and Non-Government Entities (NGEs), along with its role as a promoter, enabler and supervisor for the NGEs engaged in the space activities in the country.

 

The release of Indian Space Policy-2023 in April 2023 by the Government of India was a watershed moment for the Indian space sector. This policy permitted NGEs to participate in space activities end-to-end. In line with the role of IN-SPACe defined in ISP-2023, IN-SPACe has formulated and released today the Norms, Guidelines and Procedures (NGP) for implementation of the Indian Space Policy 2023 in respect of Authorization of Space Activities.

 

The NGP would complement Government endeavour in providing predictable regulatory regime, transparency and ease of doing business in Indian space sector. The NGP document lists space activities which need authorization from IN-SPACe, specifies criteria for granting such authorizations and provides necessary guidelines/pre-requisites to be fulfilled by an Applicant for making authorization application to IN-SPACe. The NGP document can be viewed and downloaded from IN-SPACe digital portal (www.inspace.gov.in)

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Piaggio India Disrupts Electric 3-Wheeler Market with Game-Changing ‘Battery Subscription Model’ for a Post-subsidy World https://upcomingnews.in/piaggio-india-disrupts-electric-3-wheeler-market-with-game-changing-battery-subscription-model-for-a-post-subsidy-world/ https://upcomingnews.in/piaggio-india-disrupts-electric-3-wheeler-market-with-game-changing-battery-subscription-model-for-a-post-subsidy-world/#respond Fri, 03 May 2024 12:02:02 +0000 https://upcomingnews.in/?p=6979 –          Makes 3W EV ownership more attractive and affordablewith a starting price of INR 2.59 lakhs (ex-showroom Maharashtra). Aconvenient monthly battery subscription simplifies ownership and eliminates upfront battery cost.   –          The...

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          Makes 3W EV ownership more attractive and affordablewith a starting price of INR 2.59 lakhs (ex-showroom Maharashtra). Aconvenient monthly battery subscription simplifies ownership and eliminates upfront battery cost.

 

          The unique solution from Piaggio India removes customers’ apprehension about battery maintenance, lifespan,and resale,giving them peace of mind. It alsoensures continued adaptability post subsidies.

Piaggio Vehicles Pvt Ltd (PVPL), a subsidiary of the Piaggio Group and a leading Indian manufacturer of small commercial vehicles and electric three-wheeler (3EV) pioneers, has announced a groundbreaking “Battery Subscription Model” for its Apé Elektrik electric 3Ws.

Unleashing a New Era for EV Ownership

This innovative program aims to revolutionize 3EV ownership by separating the upfront cost of the vehicle from the battery. Customers can now purchase the Apé Elektrik for INR 2.59 lakhs (ex-showroom) and subscribe to a high-quality Piaggio-approved battery pack for a monthly fee leased through the dealership.

 

The subscription model goes beyond affordability. It addresses a major pain point – battery anxiety.  Customers can now enjoy the benefits of electric mobility without worrying about battery maintenance, lifespan, or replacement costs. Piaggio is taking full responsibility for battery health, offering peace of mind for long-term EV ownership.

 

Piaggio India believes this model can be a game changer for policymakers looking to sustain EV growth beyond the subsidy era. By addressing affordability and battery concerns, the subscription model can encourage wider adoption of electric 3Ws, leading to cleaner transportation and reduced emissions.

 

Subscription Model Details

  • Customers purchase the Apé Elektrik chassis directly from dealerships for INR 2.59 lakhs (ex-showroom Maharashtra ).
  • The battery is provided to the customer at the dealership for a monthly rent
  • The vehicle chassis and powertrain are registered in the customer's name, allowing for loans with hypothecation on the chassis and powertrain through NBFCs.

 

Subscription Tenure and Benefits

  • The battery lease term is 120,000 kilometres or 8 years for cargo vehicles and 150,000 kilometres or 8 years for passenger vehicles.
  • After reaching the designated mileage, the monthly rent reduces to INR 0.
  • The subscription includes battery replacements at the same rental amount after the initial lease term.

 

 

Initial Availability and Expansion Plans

The battery subscription model will be launched in all the key Indian cities (30 cities)

 

Gurgaon

Agra

Warrangal

Raipur

Mathura

Nizamabad

Nagpur

Lucknow

Kurnool

Bangalore

Kanpur

Anantpur

Tumkuru

Allahabad

Vijaywada

Mysore

Delhi

Guntur

Kolar

Noida

Vizag

Mumbai

Ghaziabad

Chennai

Ahmedabad

Greater Noida

Hyderabad

Pune

Faridabad

 

 

The subscription model requires no additional documentation from customers and of desired, allows them to unsubscribethe program or sell their vehicle at any time like a regular buy.

 

Speaking about the announcement Mr Diego Graffi, Chairman and MD Piaggio Vehicles Pvt Ltd said,“Piaggio India has a long history of prioritizing customer satisfaction through innovative products and solutions. The industry-first ‘Battery Subscription Model’ removes another barrier to EV adoption by addressing battery concerns and offering a cost-effective ownership option. We are confident this model willsustain EV growthin a post-subsidy environment. “

 

Adding his views, Mr Amit Sagar, Executive Vice President – CV Domestic Business at Piaggio Vehicles Pvt Ltd said, “Customer can now own an electric 3W at downpayment of Just INR 30,000 and an EMI of INR 8,000per month which makes it as easy to own as compared to 3W CNG. Battery Subscription model will bring in a new wave of EV adoption in the industry. Our initial interaction with channel partners and consumer makes us believe that we have a winner.We believe that the model will also continue the EV adoption in a post-subsidy world ensuring that customers and manufacturers get the best from the massive EV opportunity.”

 

For more details, please visit the nearest Ape Electrik Showroom in the cities mentioned.

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