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The Economic Times

Dubai-based GXR acquires media rights to European football leagues for India

Galaxy Racer (GXR), a Dubai-based transmedia company, has secured media rights for LaLiga, Serie A, Ligue 1, and Ligue 2 in the Indian subcontinent starting from the 2024/25 season. The matches will be streamed live and free-to-air, enhancing fan engagement through GXR’s innovative Super App.

The Economic Times

Realty developer CRC group ties up with Dubai’s Killa design for Noida project

Dubai-based architect Shaun Killa has partnered with Noida's CRC Group to design a luxury residential project in Greater Noida. Known for his sustainable designs, Killa aims to blend luxury with eco-friendly technologies. The project will feature 375 to 400 exclusive units, focusing on green living and innovative design.

Business Standard

Tata Elxsi inaugurates state-of-the-art 'xG-Force' lab in Bengaluru

To accelerate innovative 5G use case testing

The Economic Times

Laurus Labs opens new R&D facility in IKP Knowledge Park, Hyderabad

Laurus Labs has inaugurated a new R&D facility at IKP Knowledge Park near Hyderabad, investing Rs 250 crore. The 200,000 square foot center will support their CDMO business and create over 800 jobs. The facility aims to develop innovative solutions for unmet medical needs, according to CEO Satyanarayana Chava.

The Economic Times

Samvardhana Motherson Intl to acquire 11% stake in Israel's REE Automotive for $15 mn

Samvardhana Motherson International Ltd will acquire an 11 per cent stake in Israel's REE Automotive Ltd for up to USD 15 million. The acquisition involves subscribing to over 3.6 million Class A ordinary shares. Both companies will collaborate on manufacturing and integrating REE's innovative 'REEcorner' technology for commercial electric vehicles.

The Economic Times

JSW MG Motor India to drive into luxury car market

JSW MG Motor India plans to enter the luxury car segment with new energy vehicles, including electric, hybrid, and plug-in hybrids. The company aims to offer accessible luxury through its MG Select brand, starting in 2025. Despite the dominance of German brands, JSW MG seeks to disrupt the market with innovative offerings.

Business Line

Centricity secures $20 million in seed round led by Lightspeed

To expand tech team and develop innovative financial solutions.

The Economic Times

Accel Atoms 4.0 to invest up to $1 million in startups focused on 'Bharat' opportunity, AI

Accel has launched the fourth edition of its pre-seed scaling programme, Accel Atoms 4.0, offering up to USD 1 million in funding and perks worth over USD 5 million. The programme targets startups focused on AI and Bharat, inviting applications from September 16. Accel aims to support innovative solutions for middle-income households in Tier 2, Tier 3, and rural India.

Business Standard

HFCL showcases its latest innovative highdensity blown fibre solutions

At Connected Britain 2024 event

Business Standard

EV promotion schemes great for making green transportation accessible: Siam

Auto industry body SIAM on Wednesday welcomed the government's decision to approve two schemes with a total outlay of Rs 14,335 crore to promote electric vehicles, saying the forward thinking initiative will make clean and green transportation more accessible to all. The Union Cabinet on Wednesday approved two schemes -- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. Reacting to the announcement, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra termed the move as "progressive step that underscores the firm commitment towards promoting sustainable mobility". He further said, "It will undoubtedly help accelerate the adoption of electric vehicles (EVs) across the country, making clean and green transportation more accessible to all." This forward-thinking initiative reflec

The Economic Times

Govt launches PM E-Drive scheme to replace FAME, no subsidies for electric or hybrid Cars

The Union Cabinet has approved the PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) scheme, allocating Rs 10,900 crore to promote electric two-wheelers, three-wheelers, and buses. The scheme will also support hybrid ambulances and electric trucks, replacing the FAME programme that ended in March.

Business Standard

Infosys collaborates with Clearstream (part of Deutsche Bse)

To support launch of Clearstream's D7 Generation 2, an innovative digital post-trade platform

Business Standard

Rajoo Engineers share price hits 5% upper circuit on securing $15 mn order

The uptick in Rajoo Engineers share price came after the company announced that it has signed a deal with an internatola entity to develop innovative plastic extrusion machinery for worth $15 million.

Business Standard

Essar Energy Transition, SSE partner for 40MW green hydrogen project

Essar Energy Transition (EET) teamed up with UK gas-fired power generator SSE to build a 40 MW green hydrogen project in northwest England, the firm said on Tuesday. "SSE and EET Hydrogen have begun development work on the innovative project at the Stanlow Manufacturing Complex in Ellesmere Port in Cheshire," the firm said in a statement. Known as Gowy Green Hydrogen, it takes its name from the River Gowy and nearby Gowy Meadows Nature Reserve. The initial expected 40 MW facility will deliver hydrogen to industrial offtakers in the region to support them to decarbonise their operations, helping to secure and grow jobs in the region. Gowy Green Hydrogen could be operational as early as 2028, with feasibility studies completed and design and site investigation works underway, the statement said without giving financial details. "A planning application is expected to move forward in 2025 ahead of any final investment decision being made by the two parties," it said. The UK has a str

The Economic Times

IFFCO invested Rs 2,000 crore since 2017 on nano fertilisers; expects demand to rise, says MD

IFFCO has invested around Rs 2,000 crore since 2017 on nano liquid urea and nano liquid DAP. The cooperative launched these innovative fertilisers to improve crop productivity and soil health. With significant annual investments in promotion, IFFCO aims to achieve 80% capacity utilisation in the next 2-3 years.

The Economic Times

HUL's scoop: In a hot market, all scream for ice cream

Several firms are interested in acquiring Hindustan Unilever's ice-cream business, which includes brands like Kwality Wall's and Magnum. HUL is setting up an independent committee to evaluate the future of this segment. The Indian ice-cream market is growing rapidly due to rising disposable incomes and innovative products.

The Economic Times

Almost all our advertisers in India using products powered by AI: Meta Exec Nicola Mendelsohn

Meta AI is experiencing significant growth in India, with high engagement across Facebook, Instagram, and WhatsApp. Vice President Nicola Mendelsohn highlights the innovative use of AI in these platforms, particularly with Reels and WhatsApp's business applications. India leads in adopting Meta's large language model, LLaMA, and businesses are seeing substantial returns on AI-powered advertising investments.

The Economic Times

Solar city, VR zone become popular attractions at International Solar Festival 2024

The International Solar Festival 2024 in New Delhi showcases a solar-powered city, virtual-reality experiences, and innovative solar technologies. Highlights include a virtual flipbook of global case studies, a Solar interface, and immersive zones like Solaris. The event also features products such as solar pumps and battery-operated devices, attracting students and visitors interested in sustainable energy solutions.

The Economic Times

BigBasket B2C unit posts 6% growth in FY24 revenue, cuts losses by 17%

Innovative Retail Concepts runs the business-to-cusotmer (B2C) unit of BigBasket. It posted net loss of Rs 1,267 crore for FY24 and an operating revenue of Rs 7,885 crore. Over the past two years, BigBasket has seen major rivalry from quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart and Nexus Venture Partners-backed Zepto in the hyperfunded online grocery delivery space.

Business Line

Minda Corporation signs technology licensing pact with Sanco Connecting Technology for EV solutions

The collaboration aims to provide innovative and sustainable mobility solutions for the growing EV industry and strengthen Minda Corporation’s position in the EV supply chain ecosystem.

Mint

Breakthrough: Will DCGI-approved Entod Pharma's PresVu eyedrops eliminate need for reading glasses?

Entod Pharmaceuticals has made a significant breakthrough in eye care, securing DCGI approval for its innovative PresVu eye drops. 

Business Line

Entod gets regulatory approval on innovative eye product

The product is a forerunner in India developed to reduce dependency on reading glasses for individuals affected by presbyopia

Business Line

Bajaj Auto showcases innovative eco-friendly models at IBET Expo 2024

Bajaj Auto, the world’s prominent two-wheeler and three-wheeler manufacturer, has made a significant impact at the India Bio-Energy and Tech (IBET) Expo 2024, held from September 2-4 at Yashobhoomi, IICC, Dwarka, New Delhi

Business Standard

Airtel, Nokia, MediaTek achieve 300 Mbps upload speed on 5G during trial

Telecom operator Bharti Airtel, MediaTek and Nokia have achieved 300 megabits per second upload speed on a 5G network during a recently concluded trial, a joint statement said on Monday. The trial comprised the combined use of a set of mid-band spectrums, utilising the latest generation chipset. "The trial aimed at maximising the uplink performance was conducted at Airtel's tech lab and achieved uplink speeds of 300 Mbps, setting a new benchmark in 5G network performance. It underscores Airtel's commitment to providing innovative solutions that meet the ever-growing demands of a connected world," the statement said. The trial enhanced upload speeds by aggregating frequency bands of 3.5 gigahertz and 2.1 GHz. "This trial not only stands a testament to our philosophy of enhancing our state-of-the-art network infrastructure and delivering an unmatched 5G user experience but will also greatly enhance our network's uplink performance, resulting in faster data speeds and improved ...

The Economic Times

India’s SaaS promise, challenges and opportunities: ET Soonicorns Summit 2024 to bring together industry leaders and innovative disruptors to outline the future

At the ET Soonicorns Summit 2024, on 20 September, take ownership of your startup journey as we pave the path for a resurgence after a steadfast focus on resilience showcased by the Indian startup ecosystem. If you are a stakeholder in the Software-as-a-Service space, here’s why you should not miss the panel, ‘Expanding the Indian SaaS Footprint at Home and Abroad: Scaling Strategies to Achieve the $37B Target. Gear up to access cutting-edge insights and strategies. Register now as seats are limited. Bengaluru beckons you!

The Economic Times

Bengaluru innovators' AI start-up revolutionising marking in UK schools

The co-founders, both in their early 40s, estimate that the app could save teachers hundreds of hours a year spent marking, freeing up more time for teaching. They have seen their innovative app being rolled out in more than 50 secondary schools across the UK and is now attracting interest from schools and exam boards worldwide.

Business Standard

Ashok Leyland unveils GARUD 15M bus chassis, commercial launch in Q4FY25

Leading commercial vehicle manufacturer Ashok Leyland on Thursday announced unveiling its pioneering GARUD 15M bus chassis at Prawaas 4.0 in Bengaluru. The Hinduja Group flagship company unveiled the chassis at the event organised by Bus & Car Operators Confederation of India (BOCI). "The GARUD 15M is India's first front engine multi-axle bus chassis, setting a new standard in the industry. Designed specifically for long distance intercity travel, this innovative platform offers the largest saloon space available in Indian buses. With a best-in-class capacity of 42 sleeper berths, the GARUD 15M maximizes per-trip revenue for bus operators," a company release said. It has a cutting-edge design for comfortable long-distance travel. Shenu Agarwal, MD & CEO, Ashok Leyland said, "GARUD 15M represents a significant leap forward in bus chassis technology, combining advanced engineering with unparalleled comfort and efficiency." Sanjeev Kumar, President-MHCV at Ashok Leyland said, ...

The Economic Times

Hotels in India move ahead of global peers in sustainability goals

Top hotel chains in India are setting high sustainability goals, with targets like 100% green certified buildings and significant reductions in plastic waste. The hospitality industry is embracing renewable energy and innovative technologies, driving sustainability efforts ahead of global peers, thereby creating a more environmentally friendly travel experience.

The Economic Times

Veera Mahasamrat EV: Veera Vahana, Exponent Energy announce the 'World's first 15-minute charging intercity bus'

Veera Vahana has teamed up with Exponent Energy to launch the Veera Mahasamrat EV, a long-haul electric bus capable of rapid charging in 15 minutes. This innovative bus aims to reduce operating expenses for fleet owners by 30% and will initially focus on the Bengaluru-Hyderabad route with dedicated charging stations along the highway.

The Economic Times

DPI dependent Indian startups valued at $100 billion: Nandan Nilekani

Speaking at the annual Global Fintech Fest here, Nilekani said the very idea while building an Aadhar or unified payments interface (UPI) was to build the rails that could be used by the private sector or entrepreneurs to come out with innovative offerings.

Business Line

Indian Immunologicals develops innovative needle-free intranasal Covid-19 booster vaccine

The vaccine demonstrated remarkable stability and safety in extensive animal studies, generating a robust and broad-spectrum neutralizing antibody respons

Business Line

Passive fund boom: 63 new NFOs launched in 7 months, AUM hits ₹10.95 lakh crore

Fund houses are adopting innovative strategies, such as Smart Beta and equal-weight investments, to attract investors seeking higher returns

The Economic Times

Skye Air Mobility partners with CARiTAS Hospital to deliver medical supply and diagnostic samples

Drone logistics firm Skye Air Mobility has partnered with CARiTAS Hospital to deliver medical supplies and samples using unmanned aerial vehicles. The initiative aims to enhance healthcare accessibility and efficiency by reducing delivery times to just 5-7 minutes for distances of 10-15 kilometers. This innovative approach is expected to revolutionise healthcare logistics in Kottayam, with plans for a full-scale rollout in the near future.

The Economic Times

Deepak Shenoy’s Capitalmind receives in-principle approval from Sebi to launch mutual fund

Capitalmind Financial Services, under Deepak Shenoy, received Sebi's in-principle nod to launch a mutual fund, aligning with their 10th-anniversary celebrations. Shenoy disclosed plans to bring innovative investing solutions to 4.5 crore investors in India's expanding mutual fund sector, which has seen a 24% annual growth. The firm currently manages Rs 2,200 crore in assets.

Business Standard

Bandhan Bank announces launch of exclusive savings account for women 'Avni'

The launch comes on the back of the Reserve Bank of India governor Shaktikanta Das asking banks to offer innovative products and service offerings

The Economic Times

Delhi Airport first to get net zero carbon emission tag

Delhi Airport became the first in India to receive Level 5 Net Zero Carbon Emission certification. This accolade highlights its commitment to sustainable practices, having achieved carbon-neutral status in 2016 and Level 4+ in 2020. The airport surpassed its 2030 target through effective carbon management and innovative initiatives, emphasizing its leadership in sustainability.

Business Line

Schneider Electric launches 8 energy saving innovative products

The products were launched and showcased at the Multi-city Innovation Day held in Mumbai

Business Standard

Garuda Aerospace enters Sri Lankan market to target agricultural sector

Cricketer M S Dhoni-backed drone technology firm Garuda Aerospace on Monday announced its entry in the Sri Lankan market where it will primarily target agricultural sector to enhance farming practices, besides exploring opportunities in homeland security and industrial applications. As part of the company's global expansion plans, the foray into Sri Lanka will also support Garuda in capitalising on the country's strategic location and drone-friendly regulatory environment, Garuda Aerospace said. The company said it is looking to spread its presence in at least 50 countries over the next few years, and has set aside USD 10 million, of the over Rs 100 crore revenue it delivered in FY24, to fuel the international growth. "This (expansion into Sri Lanka) isn't merely about growth, it's about unlocking the full potential of drone technology to create substantial impacts across various sectors. Sri Lanka's diverse landscape allows us to showcase how our innovative solutions can bring ...

Business Standard

Domestic food market likely to grow by over 47% to touch $1,274 bn: Report

The domestic food market is expected to grow by over 47 per cent to reach USD 1,274 billion by 2027, a report released by the Confederation of Indian Industry and supported by Danfoss India said. India's food processing industry sees innovative startups emerging with cutting-edge technology, the report titled 'Food Processing Sector in India - Potential for Southern States. and released by CII, CII FACE (Confederation of Indian Industry -- Food and Agriculture Centre of Excellence) and Danfoss India, said. Danfoss India is a leader in heating, ventilation and air-conditioning and is the subsidiary of Denmark-headquartered engineering major Danfoss. Some of the key highlights of the report, which was released at the CII-FoodPro 2024 include the potential that southern states hold for food processing industry. "Tamil Nadu leads India's export of processing fruits, juices and nuts, with a 33 per cent share by quantity and 27 per cent by value, exporting 2,08,370 metric tonnes worth US

The Economic Times

Domestic food market expected to grow by over 47% to touch USD 1,274 bn: Report

India's domestic food market was set to grow by over 47% to USD 1,274 billion by 2027, driven by innovative startups. The report, released at CII-FoodPro 2024, highlighted the potential of southern states, with Tamil Nadu leading in exports. Danfoss India introduced sustainable food processing technology.