Category Archives: Business & Economy

Airbus, HAL tie up for commercial aircraft maintenance

French aerospace manufacturer Airbus said on Thursday that it was partnering with Hindustan Aeronautics Limited (HAL) for commercial aircraft service support.

Under the agreement, Airbus will provide the A320 family tool package and offer specialised consulting services to HAL to set up an MRO. Airbus will also offer HAL access to AirbusWorld, a digital platform that offers support, technical data and training solutions.

HAL’s Nashik division has capabilities in civil MRO, which include three Directorate General of Civil Aviation (DGCA)-approved hangars and skilled manpower from their defence activities.

“HAL has a vision to establish an integrated MRO hub in the country and provide airlines with an effective MRO solution. This step by HAL Nashik is also aligned to civil-military convergence and the Make in India mission of the Government of India,” said Saket Chaturvedi, CEO (MiG Complex), HAL.

“An indigenous MRO infrastructure will not only help airlines streamline their aircraft operations, but also support the government’s aim of making India a global aviation hub,” said Rémi Maillard, President and Managing Director, Airbus India and South Asia.

source/content: thehindu.com (headline edited)

INTERNATIONAL: ARTS & CRAFTS / CINEMA: FIRST INDIAN: Ektaa R Kapoor Creates History, set to become 1st Indian Filmmaker to Receive International Emmys Directorate Award

Indian producer Ektaa R Kapoor is poised to make history as the first Indian filmmaker to secure the International Emmys Directorate award at the upcoming 51st Emmys. Kapoor’s name resonates strongly in the entertainment industry, where she is hailed as a Content Czarina, demonstrating her prowess across television, films, and OTT platforms. Boasting an insightful and targeted understanding of audience preferences, Kapoor has reigned over the industry for over a decade, amassing a myriad of accolades. This year, her exceptional win at the Emmys serves as a crowning achievement, elevating the jubilation surrounding her remarkable career.

Known for her versatile contributions to entertainment, Kapoor’s influence extends seamlessly across diverse platforms. From shaping compelling narratives on television to producing impactful films and embracing the digital realm with OTT endeavors, she has become a stalwart force in the industry.

Ektaa R Kapoor’s ability to connect with audiences on a profound level has been a cornerstone of her success, culminating in this groundbreaking recognition on the global stage. As the anticipation builds for the 51st Emmys, the industry awaits with bated breath to witness Ektaa R Kapoor etch her name in history as she claims the International Emmys Directorate award.

On the professional front, Ektaa is gearing up for the release of The Buckingham Murders, which is directed by Hansal Mehta and features Kareena Kapoor Khan in a lead role. She last bankrolled Thank You For Coming, which garnered critical acclaim for its bold content. It featured Bhumi Pednekar, Shehnaaz Kaur Gill and others in prominent roles.

source/content: firstpost.com (headline edited)

INTERNATIONAL: INDIAN ORIGIN LEADER IN LONDON: Delhi Man Tarun Ghulati, London Mayoral Hopeful, Wants To Run The British Capital City As A CEO

After Indian Origin PM, the UK may soon get Tarun Ghulati as next London Mayor who wants to ‘improve’ the capital city by way of strengthening the police, affordable housing, ‘uplift’ all Londoners.

Tarun Ghulati, 63, is fighting tooth and nail to become the next Mayor of London as the contest for the coveted post heats up before the May 2, 2024 election date with several key hopefuls from Britain’s leading political parties in the fray. Ghulati, a finance pro and “proud Hindu with Sanatan roots”, has plans to run the British capital city as a “CEO” by “improving” and “uplifting” the lives of Londoners with an enhanced police, affordable housing and abolishing “unpopular” rules brought about by incumbent Sadiq Khan.

Ghulati, a father of two who claims to be a “global citizen” working across geographies from Delhi to Mauritius and Qatar to the UK, entered the chaotic British political scene around 2021. In 2009, he was successful in obtaining the citizenship of that country, which since then has become his home. However, Ghulati has been living in London for the past two decades. He arrived there on a work permit by banking giant HSBC, Ghulati’s former employer.

But it has not been easy for Ghulati, who inevitably as a person of Indian origin and being a person of colour had to face hurdles in the initial years, which he had been able to win over eventually. He is the first Indian to run for this post in the history of the UK.

“I have been the same person every day for the last 40 years. I am disciplined. I get up early and I have the plan for the day ready. I am extremely punctual. I tend not to look over my shoulders and feel the envy or the pain of what others are doing. I have my own journey which I follow. I am known for being trustworthy and straightforward … As far as I am concerned whilst there will be concerns and hindrances down the way, I have a clear plan to make sure that I bring the smiles back and the mojo back for London,”  he told ABPLIVE during his recent visit to India.

Dressed in an impeccable blue suit, Ghulati spoke about how he overcame some of the obstacles, gate-crashed into London’s political theatre and now vying for a place for himself as an independent candidate amid a tightening mayoral race of London.

“Like anybody else, I have faced hurdles and turns-off being initially an Indian and perhaps later on because of my colour but I have not faced racism overtly because I have always been somebody whom people have recognised that I will not be cowered down by any sort of hindrances … I do know people in high places, whether it’s members from the House of Lords or politicians I do meet them. That helps in understanding the local issues and opportunities,” he averred.  

‘Want To Be A Mayor For Everybody’

Ghulati began working actively in London’s political scene during the days of former British Prime Minister Boris Johnson.

“I felt that to beat the London Mayor Sadiq Khan you need someone who is not only able to bring investments, is a global citizen, but somebody who has the gravitas to take position. The budget for London that the London Mayor handles is roughly about $21 billion Sterling. I would like to run it as a CEO runs a business with a good dashboard with the right sort of people running it,” he underlined.

“I want to be a mayor of London for everybody,” said Ghulati, eluding to some of the controversial policies laid down in the British capital by Khan such as the Ultra Low Emission Zone (ULEZ), which was launched in 2019, that is over and above the £15 congestion fee.

“Imagine if you are a businessman in a cost of living crisis, where people are wondering whether to heat or eat and at the same time there are a lot of middle income people there who need to be uplifted … I sincerely believe that the freedom of movement is as critical as the freedom of speech. So I want to abolish ULEZ on day one,” he added.

Ghulati’s other objective is to push security and safety through increased Police deployment in certain neighbourhoods where crime rates are high and opening of more Police stations.

“Whilst I am a Londoner and I spent nearly two decades there and call it home, I am also a global citizen. I am also proud about my Hindu heritage, Sanatan roots … I am here for everybody,” he said.

Khalistan Vandalism, India-UK FTA

Being an Indian-origin, Ghulati vows to work towards strengthening the bilateral relationship between the UK and India, be it addressing the growing concerns in New Delhi over the resurgence of Khalistan terrorism in London or whether it is pushing for the India-UK trade pact, or Free Trade Agreement (FTA) towards a meaningful conclusion.

“Indian flag being disrespected is not accepted at all. In those sorts of things, the London Mayor Sadiq Khan should have been more proactive, there should have been intelligence. People are not being parachuted there out of nowhere, there was a group of people coming towards the High Commission, so there should have been preventive action taken. In matters like these more action could have been taken not only to prevent but avoid an escalation too,” he said.

Ghulati added that the London Mayor was “sitting on the fence” when the incident happened.

While incidents of vandalism of the Indian High Commission in London by Khalistan supporters has become a regular affair, tension between both countries peaked in March this year when a Khalistani protestor pulled down the Indian Flag flying atop the High Commission and was not even stopped once by the Police present there.

On the issue of having the India-UK FTA, Ghulati said he is already working on getting the pending pact concluded. As a member of the London Chamber of Commerce he has brought a business delegation to India in August to foster business and trade ties.

“When the FTA is signed, and I know we are on the last legs of that particular trade agreement, it would pave the way for me in playing a role there as the London Mayor plays a key role in fostering businesses and we facilitate there entry into London and give them the support so that they can hit the ground running,” said Ghulati.

source/content: news.abplive.com (headline edited)

IIT-Bombay researchers patent technology that will save crores for steel industry and reduce emissions

A groundbreaking energy-efficient carbon dioxide (CO2) capture technology has been developed, offering the potential to revolutionize the steel industry while advancing India’s aim of achieving net-zero emissions by 2070. Developed by the National Centre of Excellence in Carbon Capture and Utilisation (NCoE-CCU) at IIT Bombay with support from the Department of Science and Technology (DST), this innovation enables the conversion of CO2 into carbon monoxide (CO) under electrocatalytic conditions at ambient temperatures, even in the presence of water.

Dr Arnab Dutta and Dr Vikram Vishal, along with dedicated researchers at the NCoE-CCU, have successfully patented the CO2-to-CO conversion technology. Moreover, their work is set to be published in the prestigious international journal, Nature Communications.

Carbon monoxide (CO) is widely used in the industrial sector, particularly in the form of synthesis gas (syngas). In the steel industry, CO is indispensable for converting iron ores into metallic iron within blast furnaces. However, the traditional method of CO generation involves the partial oxidation of coke or coal, leading to substantial CO2 emissions as a byproduct. 

The innovation developed by IIT Bombay’s NCoE-CCU offers a more sustainable approach by converting emitted CO2 into valuable CO. What sets this technology apart is its ability to function at ambient temperatures (25-40 °C) with minimal energy requirements.

This electrocatalytic reaction can efficiently harness energy from renewable sources, such as solar panels or windmills, ensuring a carbon-neutral process for converting CO2 to CO. Notably, this advancement aligns with India’s environmental goals and represents a critical pathway for mitigating greenhouse gas emissions.

The technology has immense potential for various industrial applications and is currently in the process of scaling up, thanks to the recent incubation of UrjanovaC Private Limited. The steel sector, in particular, stands to benefit from this breakthrough. Additionally, another technology for aqueous-based CO2 capture and conversion to calcium carbonate, originating from DST-supported NCoE-CCU activities, has been licensed to UrjanovaC Private Limited, incubated through SINE at IIT Bombay.

source/content: newsable.asianetnews.com

NATIONAL: WOMEN LEADERSHIP : Nita Ambani Honoured with The US-India Strategic Partnership Forum (USISPF)’s ‘2023 Global Leadership Award for Philanthropy and Corporate Social Responsibility’

The US-India Strategic Partnership Forum (USISPF) on Sunday honoured Nita Ambani , Founder and Chairperson of Reliance Foundation, with the 2023 Global Leadership Award for Philanthropy and Corporate Social Responsibility.

Dr Mukesh Aghi, USISPF President and CEO, in his statement on X, said: “We are delighted to award Nita M. Ambani for her tireless efforts to enrich the lives of many Indians. Nita M. Ambani is someone who believes that the work is never done and that there is so much more left to accomplish…”

“At a time of hard power globally, she has shown us the reach and impact of soft power, especially in preserving and promoting India’s rich tapestry of arts and showing us that sports is a vital tool in nation-building,” he added.

Nita Ambani is a champion for women’s rights in India and is the founder of one of the largest philanthropy foundations in the country, Reliance Foundation. She also plays a key role in organisations ranging from sports to arts.

The foundation has helped 70 million people, focuses extensively on providing better health care to women , improving digital literacy, and educating them with skills to improve employability.

In August, Reliance Foundation partnered with the Bill and Melinda Gates Foundation to ensure that women in farm and non-farm jobs will receive an annual salary of at least $1,200 for the next three years.

Nita Ambani in 2021 also founded Her Circle , a digital app and social networking site that discusses a range of topics from lifestyle trends to women’s health, including promoting diversity of women’s appearances and body sizes.

Nita Ambani  is also the co-owner of five-time Indian Premier League winner Mumbai Indians and the founder of the Nita Mukesh Ambani Cultural Centre .

source/content: news18.com (headline edited)

NATIONAL: TELECOMMUNICATION / INTERNET: INDIA’s FIRST: Reliance Jio Launches Jio SpaceFiber- India’s First Satellite-based GigaFiber Internet Service

At the India Mobile Congress 2023 New Delhi, Reliance Jio demonstrated India’s first satellite-based GigaFiber service called Jio SpaceFiber in the presence of PM Narendra Modi. The new Jio SpaceFiber service aims to provide high speed broadband services to previously inaccessible geographies within India.

The service will be available across the length and breadth of the country at highly affordable prices. Right now, the Jio SpaceFiber is now available across four of the remotest locations in India– Gir Gujarat, Korba Chattisgarh, Nabrangpur Odissa and ONGC-Jorhat Assam.

“Jio has enabled millions of homes and businesses in India to experience broadband internet for the first time. With JioSpaceFiber, we expand our reach to cover the millions yet to be connected. JioSpaceFiber will allow everyone, everywhere, to fully participate in the new digital society with gigabit access to online government, education, health, and entertainment services,” said Akash Ambani, Chairman Reliance Jio Infocomm Limited.

Jio already delivers high speed broadband fixed line and wireless services to over 450 million Indian consumers. To accelerate digital inclusivity for every household in India, Jio has added JioSpaceFiber to its premier lineup of broadband services, JioFiber and JioAirFiber. With Jio, consumers and businesses have unprecedented access to reliable, low latency and high-speed internet and entertainment services, regardless of location. The satellite network will also support additional capacity for mobile backhaul, further enhancing the availability and scale of Jio True5G in the remotest parts of the country.

Jio is partnering with SES to access the world’s latest in medium earth orbit (MEO) satellite technology, the only MEO constellation capable of delivering truly unique Gigabit, fiber-like services from space. With Jio having access to a combination of SES’s O3b and new O3b mPOWER satellites, it is the only company that offers game-changing technology, providing scalable and affordable broadband across all of India with a level of guaranteed reliability and service flexibility that is a first in the industry.

Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

source/content: news18.com (headline edited)

WORLD RECORD: ARTS & CRAFTS / FILM (movie) RECORD: This 1932 Hindi Bollywood Film ‘Indrasabha’ holds World Record for most Songs, had 72 of them, it’s not Hum Aapke Hain Koun, DDLJ, Taal, Devdas

This Bollywood film from before Independence, holds the world record for most songs with 72 musical numbers.

Song and dance is an integral part of Indian cinema. While the West has a separate genre called musicals, most Indian films are by default musicals. Whether it’s a thriller, murder mystery, romantic comedy, or family drama, songs find a place in most Indian films. Yet, some films go the extra mile when it comes to including songs with the sheer number setting records. In fact, it is an Indian film that holds the world record for including most songs with a jaw-dropping 72 musical numbers in its run. And its not one of the usual suspects.

Bollywood film with 72 songs

While Hum Aapke Hain Koun created a flutter with 14 songs back in 1994, there have been a few before it as well that included over a dozen songs. Even Hollywood musicals like Chicago and Moulin Rouge had as many songs. Yet, none of them compare with the 1932 Hindi film Indrasabha, based on the play Inder Sabha. The 3 and a half-hour film was conceptualised and shot almost entirely in verse, comprising of 72 songs in total with most characters, big or small, receiving their own entry song. The mythological drama was one of the first Indian talkies, released just a year after Alam Ara.

Indrasabha’s 72 songs

Indrasabha was an adaptation of a 19th century Urdu play called Inder Sabha, written by Agha Hasan Amanat. The play was first brought to screen in 1925 but as a silent film. When Alam Ara brought the talkie revolution in India, Madan Theatre decided to bring back the film but with sound. The 1932 release utilised almost all of the plays 31 ghazals, 9 thumris, 4 holis, 15 songs, and seven other musical numbers. The film added a few of its own as well, giving it 72 songs in total. The feat earned Indrasabha a place in several record books.

source/content: dnaindia.com (headline edited)

INTERNATIONAL: SCIENTISTS AWARDED: U.S. President Joe Biden Honours 2 Indian-American Scientists Ashok Gadgil and Subra Suresh with National Medal of Technology & Innovation and National Medal of Science respectively for Remarkable Medical Discoveries

Two Indian American scientists were awarded the National Medal of Technology and Innovation by US President Joe Biden at the White House on Tuesday.

The two Indian-Americans — Ashok Gadgil and Subra Suresh — were awarded the National Medal of Technology and Innovation and the National Medal of Science, respectively.

President Biden also honoured leading American scientists, technologists, and innovators at the award ceremony.

The scientists, who were honoured at the event, made discoveries enabling lifesaving medical treatments, helping fight the opioid epidemic, improving food security, advancing accessibility, and much more.

“Today, President Biden is awarding the National Medal of Science and the National Medal of Technology and Innovation to a number of Americans who have made exemplary achievements in science, technology, and innovation to strengthen our nation’s well-being, ” the White House said in a statement.

The National Medal of Science is the nation’s highest scientific honour, established by the US Congress in 1959 and administered by the US National Science Foundation. “It is bestowed by the President of the United States on individuals deserving of special recognition for their outstanding contributions in biology, computer sciences, education sciences, engineering, geosciences, mathematical and physical sciences, and social, behavioural, and economic sciences, in service to the Natio,” the statement added.

“Those who earn these awards embody the promise of America by pushing the boundaries of what is possible,” it added.

Further, according to the official statement, these trailblazers harnessed the power of science and technology to tackle challenging problems and deliver innovative solutions for Americans and communities worldwide.

The accomplishments made by the awardees have advanced American leadership in science, technology, and innovation and their work inspires the next generation of American minds, it added.

source/content: hindustantimes.com (headline edited)

INTERNATIONAL: LEGAL / LAW: Chief Justice of India (CJI) DY Chandrachud Receives Harvard Law School’s “Award for Global Leadership”

Referring to the legal aid clinics, DY Chandrachud stated that law students should be involved in clinical legal models, where they are actively involved in real-time cases in local areas.

Chief Justice Of India (CJI) DY Chandrachud was on Saturday felicitated with the “Award for Global Leadership” by the Harvard Law School.

The Chief Justice was announced as the recipient of the award in January this year in an online ceremony.

The CJI, who was present at the Harvard Law School with David Wilkins, Professor at Harvard Law School and Faculty Director, spoke about the initiatives taken by the Supreme Court during his first year of tenure, which included the use of technology in court processes, the launch of handbook on combating gender stereotypes and others.

He also emphasised the importance of interdisciplinary studies, adding that issues of medical science or technology are connected to the workings of law.

Referring to the legal aid clinics, he stated that law students should be involved in clinical legal models, where they are actively involved in real-time cases in local areas.

Asked whether the legal profession can be democratized, he referred to the new law clerks’ scheme implemented in his tenure, which provides equal access to all to apply for a clerkship at the Supreme Court. He also shared his concern about the mental health of lawyers.

He suggested that apart from senior lawyers and judges, the law schools should also develop a mechanism to train the students in handling stress and mental health.

The CJI, who had obtained an LLM degree and a Doctorate in Juridical Sciences (SJD) from the Harvard Law School, also interacted with the students and faculty members of various departments.

The felicitation comes at a time when the Harvard Law School is celebrating the 100th anniversary of its Graduate Law Program.

source/content: ndtv.com (headline edited)

INTERNATIONAL / REGIONAL: First Indian Diplomat Indra Mani Pandey named Secretary General of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical & Economic Cooperation) becoming the First Indian Diplomat to hold the position

Indra Mani Pandey, an Indian Foreign Service (IFS) officer of the 1990 batch, is currently the country’s permanent representative to the United Nations and other international organisations in Geneva.

Indra Mani Pandey will be the first Indian official to hold the post of secretary general of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).

Pandey, an Indian Foreign Service (IFS) officer of the 1990 batch, is currently the country’s permanent representative to the United Nations and other international organisations in Geneva.

A statement from the external affairs ministry on Friday said he will be the next secretary general of BIMSTEC.

“This is the first time that an Indian will hold the position of the secretary general of BIMSTEC,” the statement said.

Pandey will take up the assignment shortly.

BIMSTEC is a regional organisation established in June 1997. Its secretariat was established in the Bangladesh capital of Dhaka to provide an institutionalised framework for deepening and enhancing cooperation.

“India has attached a high importance to BIMSTEC with a view to expanding regional cooperation in the Bay of Bengal region. Having an Indian diplomat, with long experience in multilateral diplomacy, as secretary general of BIMSTEC will contribute to India’s endeavours in strengthening the grouping,” a person familiar with the matter said.]

Cooperation within BIMSTEC initially focused on six sectors – trade, technology, energy, transport, tourism and fisheries – and this was expanded in 2008 to incorporate agriculture, public health, poverty alleviation, counter-terrorism, environment, culture, people-to-people contacts, and climate change.

The member states of BIMSTEC are Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.

source/content: hindustantimes.com (headline edited)