September 21, 2020
Home Archive by category Corporate

Corporate

Corporate

Traffic from Orange and Green Zones for new cars recovered 84 %
Highest recovery rate of products between INR 1-5 lakh in new cars segment

INR 2-5 lakh segment in pre-owned cars fully recovered post-lockdown

99% surge in traffic for pre-owned cars post lockdown-CarDekho report

New Delhi, CarDekho, the leading full-stack auto company has reported 99% recovery in customer traffic for used car segment after the lockdown whereas 77% customers are back to search for new cars. A study conducted by the company shows that with the lifting of the lockdown, there is a major shift in customers preferences across the segments, with hatchback and low-budget being the most sought-after cars across segments.

The traffic from Orange and Green Zones for new cars PAN India has recovered 84 % where as from red zones it has recovered 58% ; It signifies the customer sentimates improving strongly in Green and Orange zone with Red Zone fast catching up as customer search for their desired car has now resumed.

As per the report, the recovery rate of cars in the INR 1-5 lakh segment is the highest. Among SUVs, INR 5-15 lakh segment has the highest share, whereas sedans in the INR 15-20 lakh range are the most searched cars. MUVs within the price range of INR 10 lakh has been most sought during this period; the premium segment share has low volume (10%) and a very low recovery rate (50%). Further, Maruti and Tata cars are most searched by consumers, with Maruti having 23% share in new car traffic and Honda the highest share in the mid-segment cars with 7% share in traffic. The rest have 4-5% each.

The study was conducted between 17th Feb 17th March, termed as the pre-lockdown period; the mid-lockdown period between mid-March till mid- April; and post-lockdown between 12th May to 28th May. It was also seen that the traffic from the Orange zone for used cars was the highest, with most coming from Karnataka. In the Red Zone, traffic from Maharashtra region for pre-owned cars was the highest.

Says Mr Amit Jain, Co-founder and CEO CarDekho, Pre, mid and post-lockdown periods have impacted car traffic across the segments. New car and used car business have seen transformations in the consumer journey. The pandemic outbreak has changed people preferences and we believe they will opt for personal mobility solutions rather than shared mobility. We are now seeing a very fast recovery of consumer traffic on CarDekho with preferences for budget-friendly options. The used cars traffic has recovered by 99% and new car traffic by 77% showing that the market is now getting ready for actual business. We are hopeful that the sales recovery will also be fast with the lifting of the lockdown.”

Corporate

On a yoy basis, all vehicle categories register unprecedented de-growth and 2-Wheeler degrows by 88.8%, 3-Wheeler by 96.34%, CV by 96.63%, PV by 86.97% and Tractors registrations fall by 75.58%, respectively.

Vehicle registration plummets by 88.87% due to Covid-19 and Nationwide lockdown: FADA

New Delhi, The Federation of Automobile Dealers Associations (FADA) released the Monthly Vehicle Registration Data for the Month of May’20.

May’20 Retail Sales

Commenting on how May’20 performed, FADA President, Mr Ashish Harsharaj Kale said, “For the first time in history, the month of April witnessed Zero Retails. While lockdown was gradually relaxed beginning May, Auto Dealerships and workshops opened for the first time after 40 days in many cities.

At the end of May, out of 26,500 outlets about 60% showrooms and 80% workshops were operational across the country. May registrations are hence not indicative of the demand situation as the Lockdown still continued in many parts.

First 10 days of June witnesses extremely low demand despite most dealerships which are now open for business. Weak consumer confidence especially in urban areas continue to haunt as customers stay away from concluding their purchase due to threat of community spread and return of complete lockdown persists.

With 7.6% of GDP, a workforce of several millions and a multiplier effect for many supporting sectors, Auto Industry can be the driving force in boosting consumer confidence and improving sentiment, if supported with short term stimulus to revive demand as return to normalcy seems very difficult till the festive season.

Mobility still being a necessity and not luxury in a growing country like ours, demand stimulus along with credit support can bring Auto Sales back in positive zone within 30-60 days and help shore up consumer confidence.”

Outlook for June

With an assumption of no further lockdown and continued reopening measures, there will be substantial pick up in Auto Retails in comparison to May, but the overall outlook continues to be grim with projected sales to witness a de-growth upwards of 25% YoY.

Urban Demand will continue to face challenges ahead with Covid-19 uncertainty. On the flipside, the Government’s push for Infrastructure spending and the recent positive measures announced for Agriculture sector will help support rural demand. It will further strengthen with the normal spread of monsoon which will help Tier 2 and 3 Dealers face lesser de-growth compared to their urban colleagues.

Dealer Sentiment

A projected annual de-growth of 35% by SIAM on top of the 18% de-growth faced last year, the Dealership Community faces its toughest years ever as volumes are estimated to half in a span of 20 months.

With no direct support as business community, except for the moratorium extension given to all businesses, the Dealership Community looks forward to an early recognition as an MSME to avail Government support for the survival and for its 40 lakh workforce.

With cost cutting having its limitations due to the nature of the Business, FADA is strongly pursuing with all our Principals to correct the long pending anomaly of low sales margin and revise it upwards to 7% to get it at par at least at the lower band of global dealer margin which ranges from 7%-14%.

Lakhs of jobs and hundreds of dealers survival is at stake if demand de-growth predictions hold true and operating economics remain unchanged. FADA will strongly continue the campaign for higher business margins for survival of its members in these uncertain times as it will also help us in self sustenance as many more disruptions will come in future in a globally connected world.

Inventory

Due to the Lockdown situation, Inventory analysis with regards to current retail will not depict a realistic scenario and hence will be resumed from June onwards.

Corporate

PRESS NOTE

The Enforcement Directorate has also issued a lookout notice against Rana Kapoor, Ex-promoter & Director of YES Bank to keep him from leaving the country. ED officials are reportedly recording Kapoor’s statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES, Bank had extended massive loans to DHFL, which later turned bad, adding to the bank’s losses, reports said.

This is serious of banking fraud in the country in which IL&FS, Dewan Housing Finance Limited, and PMLC Bank are included. Now a question  arises Who is next?

FIR No. 120/2019 registered against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO

As reported earlier an FIR No. 0120/2019 dated 19/10/2019 has been registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents vide order dated 14.10.2019 of MM Patiala House Courts, New Delhi who has taken view that as the matter requires investigation by police, several documents are to be collected and verified and a number of persons are to be examined.

After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others. 

In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr.Chengalath Jayram, Dipak Gupta, Ms.Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal),  Mr. Sanjay Kumar, Officer, Kotak Bank, and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused.

It has been alleged in the complaint that the above named accused in connivance with the each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the above named accused. 

Transfer of FIR No. 120/2019 to DIU/NDD Mandir Marg, New Delhi

Further, on filing the status report on 10.12.2019 in FIR No. 120/19 U/s 420/34 IPC has been registered on 19.10.2019 and the case was entrusted to SI Sanjay Kumar P.S. Barakhamba Road, New Delhi. Thereafter, the case file was transferred to DIU/NDD, Mandir Marg and further investigation is being taken over by SI Sanjay Kumar, DIU/NDD.

Subsequently, DIU/NDD issued Notice U/s 91 Cr. PC to Mr. Uday Kotak  (Vice- Chairman & Managing Director), Mr. Chengalath Jayaram (Joint Managing Director), Mr. Deepak Gupta (Director) and the Concerned Officials, where he has directed all the above to produce the required documents/articles before the undersigned within three days of receipt of the said Notice.

Complaint about Malicious Prosecution and defamation by Bagla family against Kotak Mahindra Bank and others including Uday Kotak and Anand Mahindra.

After registration of an FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others. 

The direction of PMO to the Secretary, Department of Financial Services (Banking Division) in the matter of conspiracy and forging and fabricating documents by Kotak Mahindra Bank.

Bagla family has sent a Representation / Complaint dated 14th August 2019, against the frauds, forgery, and illegalities of Kotak Mahindra Bank and its officials for taking appropriate action against Mr. Uday Suresh Kotak, MD & CEO and his other associates i.e. Directors/officials of Kotak Mahindra Bank and other person involved in the conspiracy of committing the offense against the Bagla family, to Hon’ble President of India, Prime Minister of India & Other Central & State Government authorities.

The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud, and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/ D/2019/ 0320812].

Bagla family has received replies from President Office dated 23/08/2019 with Registration No. P1/E/2308190138, wherein the Complaint of the Applicants was transferred to “The Secretary, Ministry of Finance for action as appropriate”. Also, other authorities/office has issued the instruction of the Secretary of Finance to take the action in the said matter.

New strategies of Kotak Mahindra Bank Limited to divert the issue of forgery and fabrication of documents.

As the Kotak Bank is under investigation and has to face the consequence of FIR/Complaints registered against them, therefore, after registering an FIR, Kotak Mahindra Bank Limited has made a miscellaneous application before the DRT for return of original documents filed along with original application bearing no. 57 of 2009. It is also interesting to note that forged and fabricated documents including one affidavit and a power of attorney both dated 24.08.2007 was filed by Kotak Mahindra Bank Limited before DRT as a Copy of the document. No original documents were filed by Kotak Mahindra Bank Limited. This is a tactic of the Kotak Mahindra Bank only for the delay and diverts the matter.

Corporate

नई दिल्ली। वन 11 ऑनलाइन फैन्टासी स्पोर्ट्स प्राइवेट लिमिटेड की ओर से दिल्ली के द ग्रैंड में आज लांच किया गया। इस मौके पर वन 11 ऑनलाइन स्पोर्ट्स की डाइरेक्टर निधि शर्मा ने ने कहा कि क्रिकेट लोगों को जोड़ता है, अलग-अलग धर्म, संप्रदाय, संस्कृति और देशों को करीब लाता है। यह खेल नहीं, खेल से बढ़कर है। इस दौरान कंपनी की डायरेक्टर निधि शर्मा और खुशबू सिंह के साथ-साथ सीईओ अरविंद सेठ और सीएफओ साराह समेत चिंकी मिंकी, टिकटॉक फेम गौरव अरोड़ा, आशिभ मिधा और सिमरन भी मौजूद रहे। वहीं, डायरेक्टर खुशबू सिंह ने बताया कि वन 11 स्पोर्ट्स मूल रूप से क्रिकेट को समर्पित गेमिंग प्लैटफॉर्म है।

एंड्रॉयड और आईओएस एप के जरिए क्रिकेट से जुड़े गेम लोगों के बीच मशहूर हो रहे हैं। वन 11 ऑनलाइन स्पोर्ट्स प्राइवेट लिमिटेड के डायरेक्टर निधि शर्मा और खुशबू सिंह ने बताया कि एक कंपनी के तौर पर हर तरह के यूजर के लिए अब प्लेटफॉर्म उपलब्ध रहेगा। यह एप के रूप में उपलब्ध होगा। कीमत इतनी कम होगी मानो वह फ्री जैसा हो। सभी बड़े सोशल मीडिया प्लेटफॉर्म पर और विज्ञापनों में इन ऐप्स को प्रोमोट किया जा रहा है। 

साथ ही सीईओ अरविंद सेठ ने बताया कि वन 11 ऑनलाइन स्पोर्ट्स के देशभर में 6 दफ्तर हैंऔर 24 घंटे चलने वाले कस्टमर सपोर्ट सिस्टम हैं। एक-एक भारतीय तक क्रिकेट को लोकप्रिय बनाना और क्रिकेट में लोगों की दिलचस्पी पैदा करना कंपनी का मकसद है। सेठ बताते हैं कि क्रिकेट से जुड़ी तकनीकी कौशल और अवसरों को पैदा करने के लिहाज से भी वन 11 ऑनलाइन स्पोर्टस अहम है। जबकि कंपनी की सीएफओ साराह ने बताया कि 100 दिन के भीतर 1 करोड़ यूजर जोड़ने के लिए उनकी टीम प्रतिबद्ध है।

उन यूजर्स को अपने से जोड़े रखने के लिए भी पूरी योजना तैयार कर ली गयी है। उन्हें उम्मीद है कि उनकी कंपनी क्रिकेट के भारतीय बाजार में मील का पत्थर साबित होगी। अभी कंपनी की परिसंपत्ति 5 मिलियन डॉलर है जिसके 500 मिलियन डॉलर हो जाने की उम्मीद है। साराह को विश्वास है कि 2020-21 के अंत तक उनकी टीम में 500 से ज्यादा लोग होंगे। इसके लिए मजबूत बिजनेस स्ट्रैटजी और मार्केटिंग प्लान कंपनी ने तैयार कर ली है। अपने मिशन को उपलब्धि में तब्दील करने के लिए कंपनी प्रतिबद्ध है।

Corporate

Samiksha Bajaj, Co- Founder of Samshék Bags the Award for Retail’s Sustainable Innovative Strategy at ET Retail Awards 2020

Mumbai.  Economic Time’s Asia-Africa-GCC Retail & shopping Centre Congress & Awards were held on 17th February 2020.  An event on Sustainable Retail Strategy for A Better Future held at Taj Lands, End Mumbai.  Innovation, sustainability and customer-centric approach were the overarching theme for the Economic Times Retail Awards 2020.

Samiksha Bajaj won the award for Retail’s Best Innovative Strategy. Samiksha Bajaj is theCo- Founder of Samshék: One of the most inspirational faces of tech retail she aims for a vision to solve the biggest pain point of the apparel industry today- sustainability and sizing through technology.

“It feels great to use innovation and incorporate tech into the future of retail. This is the kind of transformation we need to build a sustainable future of retail. I feel extremely grateful for this acknowledgement” said Samiksha.

She co- founded Samshék, one of the first tech fashion start-ups in India in the field of fashion and garment technology. Samshék works on zero inventory and sustainability to reduce textile waste through digital customization and artificial intelligence. It is one of the first brands to introduce 3D body scanner in India, which takes 110 measurements in less than 5 seconds. Their first tech fashion store was launched in Pune earlier last year.

The event was witnessed by the greatest minds in the area of retail and technology. The key focus of the event was on various economic and environmental factors affecting retail. Customer relations, women in retail, technology overpowering retail and sustainable strategies for the future of retail were some of the prominent panel discussions. 

It was a star-studded event that witnessed a night of tech solutions, retail innovation and sustainable outcomes.

Corporate


Companies must have a Strategic Business Plan for growth: Adel Singh

Wherever you operate, the truth is that technology is advancing, risks are emerging, and security is adapting. However, strategic planning is a critical component of safety that can transform an organization from passive to proactive. You have a vision and you have the desire to transform that vision into goals and objectives step by step through planning is Strategic Planning. It’s a sequence of processes that somebody uses to attain their goal.

Some claim strategic planning in today’s quickly evolving technical environment is no longer practical or necessary, but strategy stays an important component of identifying specific company-wide objectives and how to attain them. It’s about working in the right direction on your long-term goal.

Mr. Adel Singh, Group CEO Datar Security Services Group tells us why every company must have a Strategic Business Plan and why it is important for the growth of the business.

 “You need to understand what you are and what you are not before you begin strategic planning because the manner you work can either create or crack a good execution.”- says Adel Singh, CEO

Adel Singh is a young entrepreneur who spent much of his years perfecting his father’s business through new ideas and concepts. Due to his customer-centric ideologies, Datar Security Service Group has reached heights with its customers in many states and many regions in India with more than 15 years in the industry.

There are numerous tools accessible to teach us methodologies for strategic planning. Unfortunately, the way to implement a strategic plan in the real world is something that these resources cannot teach.

Plan to Fit Business Goals and Compliance Standards

“To get started, you need to be precise about your business mission: why does your business exist, and what do you want it to achieve? The goal of the company lets you create a perfect plan for your business, keeping all the points in mind and creating a precise plan just for your business,” says Adel Singh

Strategic planning offers the general direction for the security program and prioritizes initiatives and related tasks in the execution plan, while at the same time encouraging compliance with suitable laws and current procedures related to security. This strategic plan can significantly improve the efficiency and effectiveness of security decisions when completed as arranged in the plan.

Once you have set the goals of the business, set a strategic plan for each goal. Set goals that extend your resources and capabilities. Once this process is completed you can start the process of strategic planning and determine the direction in which you want to take your business.

Synchronize and Focus on short-term and long-term goals accordingly

Committing to short-term goals will assist you to remain focused and connected while minimizing distractions, this synchronization enables you to take rapid steps while moving in a definite path as well. It is simpler to be precise with shorter-term goals and the more particular you are, the better you will be prepared to evaluate your progress.

The effective approach shifts the focus from day-to-day problems to your broader and longer-term business objectives. Long term goals assist you with the big picture, this plan is effective because it offers a timeframe, a schedule, and a continuous development plan.

“It is important to add planned checkpoints of small strategies along the way of your long-term goals, a step-by-step action plan execution and regularly having an eye on the tasks can be a smart move in the growth of the organization.” -says Adel Singh

To sum up, measurable goals are crucial for an organization as they enable executives to evaluate progress and development and stay on the right track.

DSSG team, a helping hand in our strategic plan

“It was a big and trustworthy step to involve the DSSG team in the strategic plan, we decided to get a variety of ideas and merged them to create our objectives, these objectives were correctly accomplished as each person had a good understanding of what mission he/she had to fulfill.”-says Adel Singh

Strategic planning is a significant instrument to bring together your team and motivate them to work together. Employees always have distinct views of how the company is operated, when a team is involved in a plan, outstanding ideas come together. A planning team consisting of those people who can add value to the planning process is the most effective strategic planning process.

No one person can be an expert at everything, but when you combine a different set of minds working altogether to solve a problem it can make a lot of difference.

For an organisation, strategic planning is essential as it gives a sense of path and describes measurable objectives. Strategic planning is a useful tool for guiding daily activities and for assessing progress and changing policies in the future. To create the most of strategic planning, your business should carefully consider the strategic goals and then back them up with meaningful, carefully investigated measures to evaluate outcomes. Remember that strategic planning can change the manner your company works both organizationally and culturally.

Corporate

JK Tyre Launches Revolutionary ‘Smart Tyre’ at Auto Expo 2020

~Brings Connected Mobility to tyres, fostering Smart Tyre market in the country~

New Delhi, February 5, 2020: Leading Indian tyre manufacturer JK Tyre & Industries Ltd., today launched their new SMART TYRE range at the Auto Expo 2020. The company is the first in the sector to launch Smart Tyres Technology.

A first-of-its-kind cloud-based monitoring system; Smart Tyres warrants maintenance of tyres through timely diagnostics by using sensors integrated with a Tyre Pressure Monitoring Systems (TPMS). The sensors thus augment updates on tyre health via multiple digital platforms like the company’s indigenous TREEL Care app and web page.

The Smart Tyre technology allows for early detection of issues and deployment of timely preventive measures to avoid them and also deliver higher fuel efficiency up to 4-5% leading to a reduction in carbon emission. In addition, through this technology, the tyre life is enhanced thereby minimizing operational expenses.

Monitoring all aspects of the tyre, Smart Tyre screens tyre’s vital statistics, including pressure and temperature. The information collected by this smart monitoring system is relayed on a real-time basis to the vehicle owner’s smartphone via Bluetooth on to a mobile application. Additionally, the sensor-enabled technology helps the customers maintain optimal tyre pressure, which not only helps the environment but also provides better safety on road.

The Smart Tyre technology is compatible with cars, bikes and trucks/buses. It is available in three variants for cars- Smart Tyre Sensor Car Kit: Valve, MTrac Smart Sensor Car & Truck Kit: Valve and MPower Smart Sensor Car Kit: Valve. Similarly it is available in two variants for bikes- Smart Tyre Sensor Bike Kit: Belt and MTrac Smart Sensor Bike Kit: Belt.

Commenting on the occasion, Dr Raghupati Singhania, Chairman & Managing Director said, “JK Tyre has always been at the forefront of innovation and technology. Being the market leaders in the Indian tyre industry, we have once again lived up to our leadership role by delivering ‘Smart Tyre’ – an extension to our promise of providing advanced mobility solutions to our customers. This technology provides an enhanced value proposition to vehicle owners, particularly fleets, by reducing their operational costs. Along with this, we have also showcased our new range of concept tyres here at the Auto Expo and we have a roadmap laid in front of us, as we plan to move ahead with a number of new products including some breakthrough innovations this year.”

Concept Tyre Zone:

Along with the launch of Smart Tyre Technology, the company also showcased an exciting array of concept tyres at the Auto Expo 2020:

Puncture Proof Tyres: Punctures are common on Indian roads. This unfortunate situation that can jeopardize a driver’s safety. Tyre puncture repair is a tedious task and to address this issue, JK Tyre has introduced Puncture Resistant Technology. A concept developed for cars and two-wheelers, the Puncture-proof tyre has unique sealants forming a protective layer which repairs punctures automatically thereby ensuring a hassle-free and safe drive.

EV Tyre: The electric vehicle industry in India is evolving and JK Tyre is ready to cater to the needs of the EV industry. These next-gen tyres have an optimized tread pattern which are ideal for Electric vehicles. Loaded with features like Low Rolling Resistance, low noise emission and superior wet traction, these EV Tyres offer a greener and environment-friendly drive.

Coloured Tyre: One of the most attractive and eye-catching product from the JK Tyre stable, these coloured tyres are for the auto freaks who do not think conventional. These coloured tyres are made from the specially formulated coloured rubber compound and are available for Cars and Two Wheelers.

Fuel-Saver Tyre: The next generation of fuel-efficient tyres-the XF series, is built on the cutting edge advanced JETOCT technology, which helps improve tyre efficiency by saving up to 8% fuel in comparison to normal radial tyres.

Tubeless Radials: Designed to meet the emerging needs of the Indian fleets, these next generation of Tubeless Radial Tyres for Trucks and Buses are developed with new silica compound, which provides longer life, fuel savings and lower cost of operations.

With these industry-first moves to deliver advanced mobility solutions to both commercial and passenger vehicle owners, JK Tyre reiterates its commitment to innovation and aims to further consolidates its position in the Indian automotive market.

About JK Tyre & Industries Ltd.

The flagship company of JK Organisation, JK Tyre & Industries Ltd is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world.

For the past four decades, JK Tyre has been at the forefront in driving innovation and excellence in the tyre industry through the introduction of ground-breaking technologies and products that cater to diverse business segments in the automobile industry. Pioneers of radial technology, the Company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. In 2019, the Company achieved a remarkable feat by entering the coveted Limca Book of Records with the country’s largest off-the-road tyre – VEM 045.

The Company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers.

JK Tyre’s unwavering commitment towards innovation is reflected through the concerted efforts at its state-of-the-art global research and technology centre – the Raghupati Singhania Centre of Excellence – in Mysore. The Centre houses some of the world’s finest technologies and techniques, thereby, adding to the larger efforts of the Company to put India on the global innovation map.  The Hari Shankar Singhania Elastomer and Tyre Research Institute (HASETRI) – which fulfils the need for globally competitive technologies for tyres and polymers and the JK Tyre Tech Centre, a hub for new product development catering to current and emerging needs of customers.

JK Tyre launched India’s first-ever ‘Smart Tyre’ technology-and introduced Tyre Pressure Monitoring Systems (TPMS) by offering TREEL Sensors, which monitors the tyre’s vital statistics, including pressure and temperature.

A global force, JK Tyre is present in 105 countries with over 180 Global distributors.  The Company has 12 globally-benchmarked ‘sustainable’ manufacturing facilities – 9 in India and 3 in Mexico – that collectively produce around 35 million tyres annually. The Company also has a strong network of over 4000 dealers and 500+ dedicated Brand shops called as Steel Wheels and Xpress Wheels.

JK Tyre is also synonymous with motorsport in the country. For over three decades, the Company has relentlessly worked towards shaping India’s positioning as the motorsport hub of Asia, developing the right infrastructure for the sport and promoting young talent in the arena.

It is the only Indian tyre manufacturer to be included in the list of Superbrands India in 2019 for the seventh consecutive year. Additionally, JK Tyre was featured among India’s Best Companies to Work For in 2019 by Great Place to Work®. JK Tyre recently was awarded the most coveted Safety award in the world -the Sword of Honour for Safety across its plants by the British Safety Council, UK.

For further information, please contact:

Neha Tiwary

JK Tyre & Industries

neha.tiwary@jkmail.com
+ 91 8197431155

Corporate

Sony Pictures’ legal lead Bishwarup Chakrabarti has joined Eros Digital as its Legal Head

Sony Pictures’ legal lead Bishwarup Chakrabarti has joined entertainment streaming giant Eros Digital as its Legal Head. In his new role, he reports into Rishika Lulla Singh, Chairman of Eros Digital.

Bishwarup, a post graduate from National Law School, Bengaluru has previously worked at Viacom18 and various law firms, before moving in-house.

At Sony, he was heading legal and regulatory affairs for production across the network, including Hindi and regional GECs, SonyLIV, animation; second screen and gaming integrations besides the in-house studio vertical, Studio Next.

Corporate

With newer technologies such as AI and IoT paving their way into industrial and consumer-oriented companies, tech innovations are moving at a speedier pace than expected. Cloud technology which was considered cutting-edge a few years ago is now a mainstream for many businesses. 2019 was more about laying the groundwork for these massive tectonic shifts in the IT industry.

We shall all agree to the fact that the revolution in digital space has encouraged and led organizations to innumerable innovations & improve business outcomes. These new innovations are becoming more mature and are driving advancements and creating new paradigms across all sectors in an interconnected world.

Let’s dig deeper to see top tech trends that are going to rule 2020: 

AI-driven developments – Technologies like AI and ML are empowering almost all industries and organizations of all sizes with different impact and business value extraction. From start-ups to large enterprises, everyone is harnessing the power of applied AI to be more agile, accurate and flexible. In the coming year, AI is expected to bring drastic changes in many aspects like organizations, business models, innovations, and cultures. 

Augmented analytics – The rising need and importance of data have paved a way for many of next generation technologies and data processing tools. New advances in AI & Machine Learning algorithms and decreased cost of computing power have created a new arena where businesses can utilize Augmented Analytics to gain a competitive edge. By expanding traditional business intelligence systems with new actionable insights, automating existing lines of business process, and enhancing existing products with intelligent services, augmented analytics is becoming exciting and disruptive technology with a promising future. 

AR & VR technologies – AR & VR provides a fun, unique, and memorable experience for customers and if adopted early, enterprises can stand-out in this race. This visually interactive digital technology serves as catalysts in magnifying businesses’ capabilities for serving the next generation of the connected world. According to Gartner, by 2022, 70% of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25% will have deployed to production. The future of these conversational platforms will incorporate expanded sensory channels that will allow the AR&VR platforms to detect emotions based on facial expressions to become more conversational in interactions. 

Autonomous Things – IT automation examples are everywhere, be it in cars, robots or agriculture. Its reach has been so much widespread that it is now an integral part of any IT operations. With the digitization of processes, autonomous technologies are increasingly helping organizations to streamline the process, reduce costs, minimize resources, and drive profits. With multiple applications in industries such as robotics, automobile, logistics, retail, transport, and more the rise of autonomous things signals an exciting future ahead. 

Edge Computing Solutions– With the adoption of data intense technologies and devices, the quantity of data we’re dealing with continues to increase. While processing data, many organizations realize that there are shortfalls such as latency, cost and bandwidth in cloud computing. To help eliminate these drawbacks, companies are moving towards edge computing – an alternative approach to the cloud environment. Edge computing can lower the dependency on the cloud and can simultaneously improve the speed of data processing as a result. With numerous applications in smart cities, autonomous vehicles, AR & VR, and the Industrial Internet of Things (IIoT), the future of edge computing looks bright. 

Smart Spaces – Based on the digital technologies, automation and IoT devices, ‘Smart Space’ is a concept of making an intelligent living and work environment. The spectrum of smart space varies in size from homes, offices, factories, stadiums to cities. According to the recent report by ResearchandMarkets, the smart space market is expected to grow at a CAGR of 18.4% over the forecast period (2019 – 2024). The rapid increase in urbanization coupled with the advent of new technologies like IoT & 5G is expected to augment the growth of the smart space market. 

There is no second thought on the positive impact of the above technologies on the IT Industry and beyond. While some of the above technologies are still in the nascent stage, businesses need to be digitally ready to reap off its benefits. They must have a trusted tech partner who can help optimize ROI from these complex technology investments. With a mission to help customers & partners navigate a complex, hazardous technology landscape, Crayon works closely with its stakeholders to release value from existing and new data by utilizing newer technologies.

Author:
Vikas Bhonsle
CEO
Crayon Software Experts
Corporate
  • इस आयोजन में हजारों निर्माता, छोटे ब्राण्ड्स के मालिक, स्टार्टअप्स, शिल्पकार और बुनकर भाग लेंगे
  • यह आयोजन खरीदारों को छोटे व्यवसायों और सूक्ष्म उद्यमियों द्वारा प्रस्तुत अनूठे और दुर्लभ उत्पाद खोजने और खरीदने के लिये प्रोत्साहित करेगा
  • ग्राहकों को छोटे व्यवसायों, स्थानीय रोजगार तथा अर्थव्यवस्था में सहयोग देने का अवसर मिलेगा
  • ग्राहकों के उनके सहयोग की सराहना के टोकन के तौर पर अमेज़न स्मॉल बिजनेस डे के दौरान भाग लेने वाले एसएमबी द्वारा बेचे जाने वाले उत्पादों पर कैशबैक भी मिलेंगे
  • प्राप्त होने वाले हर ऑर्डर में से अमेज़न एमएसएमई के प्रशिक्षण और कौशल विकास में 1 रू. का योगदान देगा
  • सीआईआई के साथ भागीदारी की घोषणा, ताकि एसएमबी चयनित स्थानों पर जागरूकता कार्यशालाओं और प्रशिक्षण के माध्यम से ई-कॉमर्स में सफल हों

राष्ट्रीय, भारत- 09 दिसंबर 2019:  Amazon.in ने आज छोटे एवं मझोले व्यवसायों के अपने सबसे बड़े उत्‍सव स्मॉल बिजनेस डे का 14 दिसंबर, 2019 को आयोजन करने की घोषणा की। अमेज़न स्‍मॉल बिजनेस डे  का दूसरा संस्करण 14 दिसंबर, 2019 की मध्यरात्रि से शुरू होगा और उसी दिन रात 11:59 बजे तक चलेगा। खासतौर से तैयार किया गया यह ऑनलाइन आयोजन ग्राहकों को अपने विभिन्न कार्यक्रमों, जैसे अमेज़न लॉन्चपैड, अमेज़न सहेली, अमेज़न कारीगर के अंतर्गत स्टार्ट-अप्स, महिला उद्यमियों, शिल्पकारों और बुनकरों के अनूठे और दुर्लभ उत्पादों को खोजने तथा खरीदने का अवसर देगा, इसके साथ ही वे लाखों एसएमबी और एमएसएमई के सौदों और ऑफर्स का आनंद ले सकेंगे। इस वर्ष प्राप्त होने वाले हर ऑर्डर से अमेज़न एमएसएमई के प्रशिक्षण एवं कौशल विकास के लिये भागीदार एनजीओ को 1 रूपया देगा।

ग्राहक सैकड़ों श्रेणियों, जैसे चुरू के फर्नीचर उत्पाद, भुज के रोगन आर्टवर्क और लिप्पन वर्क जैसे असली हस्तशिल्प, भारत के आदिवासी समुदायों द्वारा निर्मित उत्पाद, स्वास्थ्य एवं पोषण उत्पाद, ऑर्गेनिक उत्पाद, असली हस्तशिल्प, में से करोड़ों अनूठे, दुर्लभ, खोजपरक और भारत में बने उत्पाद खोज और खरीद सकेंगे।

अमेज़न इंडिया में सेलर सर्विसेज के वाइस प्रेसिडेन्ट श्री गोपाल पिल्लई ने कहा, ‘‘हम अमेज़न स्मॉल बिजनेस डे के दूसरे संस्करण का आयोजन कर अत्यंत गर्व महसूस कर रहे हैं। आज लगभग 5.5 लाख विक्रेता हमारे मार्केटप्लेस पर बिक्री कर रहे हैं और इनमें से अधिकांश वे छोटे व्यवसाय हैं, जो भारतभर में फैले हैं। यह विक्रेता ग्राहकों के लिये उच्च गुणवत्ता के, असली, अनूठे और भारत में निर्मित उत्पादों की पेशकश करते हैं। इस आयोजन में भाग लेने और इन विक्रेताओं की वृद्धि तथा सफलता में योगदान देने के लिये हम अधिक से अधिक ग्राहकों को प्रोत्साहित करना चाहते हैं। पिछले वर्ष हमें भारत के 99 प्रतिशत से अधिक पिन कोड्स से ऑर्डर मिले थे और हमें विश्वास है कि इस वर्ष भी ग्राहक बढ़-चढ़कर खरीदारी करेंगे, इन व्यवसायों के प्रति अपना समर्थन जताएंगे और इनके जीवन को बदलने के हमारे लक्ष्य की प्राप्ति में हमारी सहायता करेंगे।’’

दिसंबर 2018 में आयोजित पहले अमेज़न स्मॉल बिजनेस डे के दौरान, इस कार्यक्रम में बीएयू की औसत बिक्री की तुलना में उनकी बिक्री में 1.4 गुणा की बढ़ोतरी दर्ज की गई और इसमें भारत के 99 प्रतिशत से अधिक पिनकोड्स से ऑर्डर्स प्राप्‍त हुए। यही नहीं, लगभग 2000 विक्रेताओं ने 4 गुणा से अधिक की वृद्धि दर्ज की और 4100 विक्रेताओं ने अमेज़न स्मॉल बिजनेस डे के दौरान औसत कारोबार की तुलना में 2गुणा से अधिक की बढ़ोतरी देखी। 

श्री प्रवीर कृष्णा, आईएएस, प्रबंध निदेशक, टीआरआईएफईडी, भारत सरकार ने कहा, ‘‘हम अमेज़न कारीगर के साथ भागीदारी कर प्रसन्न हैं, जो भारतभर के आदिवासी शिल्पकारों की अनूठी और उदाहरण योग्य कृतियाँ प्रस्तुत करता है। हमने स्मॉल बिजनेस डे 2018 में भाग लिया था और आदिवासी हस्तशिल्प की बिक्री में 1500 प्रतिशत का जबर्दस्‍त उछाल देखा। अमेज़न को उपभोक्ताओं का गहन अनुभव और समझ है और टीआरआईएफईडी आदिवासियों को सशक्त करता है, इसलिये हमें विश्वास है कि यह भागीदारी देश के आदिवासी समुदाय के जीवन में बदलाव लाएगी।’’

अमेज़न इंडिया ने आज नई दिल्ली में हुए एक कार्यक्रम में स्मॉल बिजनेस डे के दूसरे संस्करण की घोषणा की, जिसकी मेजबानी कंफेडरेशन ऑफ इंडियन इंडस्ट्री (सीआईआई) के साथ भागीदारी में हुई थी। भारत में खरीदी और बिक्री के तरीके को बदलने के अपने लक्ष्य के अनुसार अमेज़न इंडिया ने सीआईआई के साथ गठबंधन किया है, ताकि सूक्ष्म, छोटे और मझोले उद्यमों को उनके व्यवसाय के विकास में मदद दी जा सके, जिसके लिये उनके उत्पादों और सेवाओं को ऑनलाइन सूचीबद्ध कर बिक्री की जाती है।

इस भागीदारी पर टिप्पणी करते हुए सीआईआई के महानिदेशक श्री चंद्रजीत बैनर्जी  ने कहा, ‘‘ई-कॉमर्स ने अंतर्राष्‍ट्रीय व्‍यापार एवं वैश्विक मूलय श्रृंखला(जीवीसी) से जुड़ने में एमएसएमई की मदद करने के लिए प्रवेश की लागत और बाधाओं को कम कर उल्‍लेखनीय भूमिका निभाई है। जीवीसी के समावेशन को भारतीय एमएसएमई के लिए ई-कॉमर्स प्‍लेटफॉर्म के फायदों को विस्‍तारित कर शानदार ढंग से बढ़ाया जा सकता है। यह भी महत्‍वपूर्ण है कि प्रमुख हितधारक ई-कॉमर्स द्वारा भारतीय एमएसएमईज को पेश किये जाने वाले अवसरों के बारे में जागरुकता बढ़ाने के लिए साथ मिलकर काम करें। इस एकीकरण की दिशा में काम करने के लिए, सीआइआइ और अमेजन  5 शहरों में वर्कशॉप्‍स की श्रृंखला शुरू करने पर सहम‍त हुए हैं ताकि लेदर एवं फुटवियर, एपरेल एवं टेक्‍सटाइल्‍स, ऑटोमोबाइल, साइकल पार्ट्स और हैंडीक्राफ्‍ट्स के एमएसएमई क्‍लस्‍टर्स को पहचाना जा सके। वर्कशॉप का उद्देश्‍य ई-कॉमर्स के बारे में जागरुकता फैलाना और इस बात पर फोकस करना है कि एमएसएमई कैसे अपनी कामयाबी, खासतौर से बी2सी निर्यात के लिए ई-कॉमर्स का लाभ उठा सकते हैं।”

इस भागीदारी के हिस्से के तौर पर, अमेज़न और सीआईआई विभिन्न गतिविधियों का संचालन करेंगे, जैसे जागरूकता वर्कशॉप, रोड शोज, ई-कॉमर्स प्रशिक्षण, आदि पहलें। यह वर्कशॉप्‍स भारत में संचालित होंगी और एमएसएमई को अमेज़न के वैश्विक मार्केटप्लेस का उपयोग कर बाजार में पहुँच बढ़ाने की क्षमता पर जागरूक करने के उद्देश्य से घरेलू एमएसएमई और संभावित निर्यातकों पर केन्द्रित होंगी।

Amazon.in के विषय में:

Amazon.in मार्केटप्लेस का परिचालन अमेज़न सेलर सर्विसेज प्राइवेट लिमिटेड, Amazon.com, Inc. (NASDAQ: AMZN)  के संबद्ध, द्वारा किया जाता है। Amazon.in ग्राहकों के लिए सबसे ग्राहक-केन्द्रित ऑनलाइन गंतव्य के निर्माण के लिए तत्पर है, जहां वे आभासी तौर पर अपनी पसंद की कोई भी चीज ऑनलाइन ढूंढ सकें। हम उन्हें हर वो चीज प्रदान करते हैं जिसकी वे चाहत रखते हैं – व्यापक सेलेक्शन, कम कीमतें, तेज एवं भरोसेमंद डिलीवरी, भरोसेमंद एवं सुविधाजनक अनुभव; और विक्रेताओं को विश्वस्तरीय ई-कॉमर्स प्‍लेटफॉर्म उपलब्ध कराते हैं।

अधिक जानकारी के लिये विजिट करें –  www.amazon.in/aboutus

अमेज़न पर समाचारों के लिए, फॉलो करें www.twitter.com/AmazonNews_IN

अमेज़न के विषय में:

अमेज़न चार सिद्धान्तों द्वारा मार्गदर्शित है: प्रतिस्पर्धी फोकस के बजाय ग्राहकों का लगाव, नवाचार के लिए जुनून, परिचालनीय उत्कृष्टता के लिए प्रतिबद्धता और दीर्घकालिक सोच। कस्टमर रिव्यूज, 1-क्लिक शॉपिंग, पर्सनलाइज्ड रिकमन्डेशंस, प्राइम, फुलफिलमेंट बाइ अमेज़न, एडब्लूएस, किंडल डायरेक्ट पब्लिशिंग, किंडल, फायर टैबलेट्स, फायर टीवी, अमेज़न इको, और एलेक्सा अमेज़न के कुछ महत्वपूर्ण उत्पाद एवं सेवायें हैं। अधिक जानकारी के लिए देखें: amazon.com/about और फॉलो करें: @AmazonNews.

विस्‍तृत जानकारी के लिये कृपया सम्‍पर्क करें :

शशांक राठौड़

अमेज़न इंडिया

rathshas@amazon.com


नेहा मूर्ति

एमएसएल इंडिया

neha.murthy@2020msl.com