Category Archives: Business & Economy

RECORDS: MANUFACTURING / DEFENCE: Historic day for India as Cochin Shipyard (CSL) Delivers First Indigenous Aircraft Carrier (IAC) to Indian Navy. India Joins Select Group of Nations to Indigenously Design and Build an Aircraft Carrier.

Scripting history, the Cochin Shipyard Ltd (CSL) handed over India’s first Indigenous Aircraft Carrier (IAC) to the Indian Navy on Thursday.

The aircraft carrier, which was designed by the Navy’s in-house Directorate of Naval Design and built by the CSL, will be christened after INS Vikrant, India’s first aircraft carrier, which played a crucial role in 1971 war against Pakistan.

With the delivery of Vikrant, India has joined a select group of nations having the niche capability to indigenously design and build an Aircraft Carrier.

Sources said the vessel will be commissioned and formally inducted into the Indian Navy by Prime Minister Narendra Modi after Independence day. The Navy is planning to make the induction ceremony a mega event to commemorate the 75th anniversary of India’s independence.

The 262 m long aircraft carrier has a full displacement of close to 45,000 tonnes which is much larger and more advanced than her predecessor. The ship is powered by four gas turbines totalling 88 MW power and has a maximum speed of 28 Knots. Built at an overall cost of Rs. 20,000 crores, the IAC has been built in three phases of a contract between the Ministry of Defence and the CSL, concluded in May 2007, December 2014 and October 2019 respectively.

source/content: newindianexpress.com (headline edited)

INTERNATIONAL FOOTPRINT: INTERIOR DECOR / ARTS & CRAFTS: Shaunali Nanda the Only Indian among 20 International Designers Picked to Decorate a Historic Home for Hampton Designer Showhouse. Jaipur Pottery, Kashmir Papier Mache set to adorn walls of US’ Ivy Lodge in South Hampton, USA

Meet Shaunali Nanda, who is all set to take off to the US as the only Indian among 20 international interior designers picked to decorate a historic home for the Hampton Designer Showhouse next month.

The project is part of this year’s Hampton Designer Showhouse that’s been raising funds to support Stony Brook Hospital in the area for the last 20 years. As part of this endeavour, designers from across the world are invited to reimagine and transform the spaces within an iconic property. Nanda will be recreating one of the bedrooms on the second floor of the cottage.

“I’ve decided that the room is going to be all about everything made in India. We are doing customised wallpaper and matching blinds. We will be using blue and white pottery elements for the wall plates and a lot of papier mache as accessories and, of course, a very nice handwoven rug and lots of pillows,” says Delhi-based Nanda, adding, “The room will come together as a true representation of what we do best.”

Taking inspiration from books and references from the forts and palaces of India, the designer has chosen a dainty dandelion motif in blue, block printed by hand on white linen, for the blinds that she believes will grab attention as soon as one enters the room. The same design will continue on the canvas wallpaper to coordinate. Versions of the print have also been done for cushions, quilts and a throw.

The passage to the bedroom will also be linked with the dandelion wallpaper, which will be further embellished by motifs of the unique blue pottery plates from Jaipur in the form of wall sconces.


Explaining her choice of colour, the 48-year-old designer says, “Blue and white is so eternal
for Americans and since the cottage is by the seashore, for me it seemed a natural choice.”  
It’s not all blue, though. Nanda has picked a refreshing mint green for the bathroom in the same dandelion motif. The flowers in the bathroom will be red. Again, sticking to another classic combo—red and green.

While Nanda is best known for her brand, Sloane Luxury Interiors, which boasts classic designs for contemporary tastes, her latest undertaking is ‘Sloane by Hand’, a project she started during the pandemic-induced lockdown in 2020. The entire mood board for her showcase for the Ivy Lodge has been sourced and created by Sloane by Hand, which she is looking to now put on the global map.

If anyone can do that, it’s her. Having studied, trained and worked at institutions like Sotheby’s and Christie’s, she went on to work with luxury houses such as Hermès, Tiffany, Chanel and Bulgari, gathering the best knowledge in terms of high design. Nanda’s diverse experience over the years across different parts of the world and her research led her to the conclusion that the “biggest commodity abroad is hand-done”.

“I know I’m not the first one to do this––lots of people are already doing it––but I keep it by hand,” the designer says, adding, “Also, I went right down to the root level. I went to the blue potter in Rajasthan and saw how he lives and works. I saw his humility, patience and understanding of the clay he works with.

I went to Kashmir and saw papier mache artisans at work. I’ve seen how they don’t even have enough light for such detailed work and have to sit by a window when they paint.”Nanda says she is also hoping to touch the hearts of many Indians who live in America and are the richest minority there. “They have a life there now that they’re American, but they have a heritage that they sometimes want to call out to. I’m hoping to touch many of those lives, and at the same time, but all this on an international design map,” she says. Nanda’s team begins installation on August 1, and the showhouse, which will see the who’s who of South Hampton and New York, will open on August 13 with a gala evening.

source/content : newindianexpress.com (headline edited)

GLOBAL OFFER: INDIA – COVID-19 VACCINE: CoWIN Platform ‘know-how’ Now Available Free of Cost to Any Country

The National Health Authority’s offer comes after India crossed a milestone of administering 2 billion vaccine doses a week ago.

Any country interested can avail CoWIN platform, the platform will be provided free of cost, said Dr. R.S.Sharma, CEO of the National Health Authority, said on Saturday, July 23, 2022.

“Selected vendors by the country will be trained on CoWIN technology to customise it for their requirement. Usually, since the vaccination cycle is almost the same in all countries, the customisation will be limited to changes in field and master data configuration. Complete revamp of the application by any country is not expected,’’ he elaborated while speaking about (CoWIN) which provided the digital support for the COVID vaccination drive in the country.

Dr. Sharma further said that India has already signed an MoU with the Government of the Co-operative Republic of Guyana for sharing CoWIN; “We are in advanced talks with a couple of other nations to share CoWIN with them,’’ he confirmed.

India’s COVID vaccine milestone

India crossed a milestone of administering 2 billion vaccine doses a week ago and talking about its continued importance Dr. Sharma said that as CoWIN is repurposed, it could also help achieve the vision of Universal Vaccination against COVID-19 and further be repurposed for use in the healthcare sector. 

On July 5, the Central Government organised the Co-WIN Global Conclave with the endeavour to share experiences and expertise on the CoWIN platform with the global community. Over 140 countries participated in the event and nearly a dozen expressed an interest in learning from the platform and evaluating adopting it.

Stating that CoWIN has also become the world’s biggest digitally verifiable vaccination certificate generating platform, Dr. Sharma said that today Co-WIN is highly configurable and adaptable. “It has evolved based on the changing policy landscape and the requirements of the beneficiaries. The platform was developed at record speed with ample consideration to its scalability, modularity and interoperability,’’ hde said.

The CEO also spoke about the security measures that have been put in place to ensure data safety and the prevention of leaks. “CoWIN platform does not store or share any personal data. It’s for vaccination purposes and is the single source of truth to determine whether the person has been vaccinated or not,’’ said Dr. Sharma. He added the platform has deployed state-of-the-art data security systems to safeguard users’ data against any possible intrusion.

“Despite all these security features, CoWIN’s architecture still allows it to be open and interoperable. The capability to digitally authenticate these details with Aadhaar has also been provided to vaccinators. Otherwise, during vaccination a vaccinator could validate these details through a physical ID,’’ he explained, adding that besides the OTP feature the government has also limited the number of slot searches per user (restricted to 15-20) on the portal which prevents bots, browser extensions or hack attempts. Also even the API’s shared to third parties by CoWIN is through a thorough scrutiny process, ensuring proper security and audit.

source/content: thehindu.com (headline edited)

INTERNATIONAL: INVESTMENT, BUSINESS & ECONOMY, ENGINEERING: Global Multi-National Pratt and Whitney (PW) to Set up Engineering Centre in Bengaluru Making it their First such Facility in the Asia-Pacific region.

To be operational in 2023, facility will be the fifth globally.

Aircraft engine maker Pratt & Whitney (PW) on Monday said it will set up an engineering centre in Bengaluru, that is slated to commence operations in January 2023.

The centre, which will be its first facility in Asia Pacific and fifth globally, will enable the firm to offer engineering services on contract to its domestic and international customers, a spokesperson said.

PW’s integrated global engineering operations currently has centres in the United States, Canada, Puerto Rico and Poland.

source/content: thehindu.com (headline edited)

WORLD RECORDS: MUSIC & ENTERTAINMENT / ARTS & CULTURE: Musician Vanil Veigas and PA Deepa Receive the Prestigious International Grammy Award

Vanil Veigas, a musician from Mangaluru, received the prestigious Grammy Award.

Vanil is a resident of Permannur. The award was announced in April earlier this year.

He had won the Grammy for the album song ‘Divine Tides’ by Ricky Kej. The song was produced during the pandemic.

Along with Vanil Veigas, PA Deepa also won the award.

Vanil was the musician for the ‘Divine Tides’. Since 15 years, Vanil has been working with Ricky Kej on movie soundtracks, over 3,000 commercials, and 16 studio albums which include 3 Grammy-winning albums.

Vanil was born in Permannur to Isaac Veigas and Daisy Pereira. He is the brother of well-known Konkani actor-director Nellu Permannur. He is married to Diana D’Silva and they have a daughter, Alline Veigas, who is also learning music at a young age.

source/content: daijiworld.com (headline edited)

INTERNATIONAL : ARTS, CULTURE, TRAVEL & TOURISM : ‘Varanasi’ to be First ‘Cultural and Tourism Capital’ for 2022-23 of the 8-member Shangai Cooperation Organisation (SCO) : Secretary General Zhang Ming

Under this initiative, each year, a city of the cultural heritage of the member country that will take over the rotating Presidency of the organisation will get the title to highlight its prominence.

The holy city of Varanasi, showcasing India’s culture and traditions over the ages, will be declared the first “Cultural and Tourism Capital” of the Shanghai Cooperation Organisation, Secretary-General of the bloc Zhang Ming said here on Friday.

The Beijing-headquartered Shanghai Cooperation Organisation (SCO) is an eight-member economic and security alliance comprising China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India and Pakistan.

Mr. Ming said Varanasi will become the “Cultural and Tourism Capital” of the SCO for 2022-23 under a new rotating initiative by the eight-member organisation to promote people-to-people contacts and tourism among the member states.

“We are about to implement a rotating mechanism. We will rotate the title of ‘Cultural and Tourism Capital’ among the member states,” he said, adding that Varanasi, India’s ancient city, will be the first to be granted the title.

Under this initiative, each year, a city of the cultural heritage of a member country that will take over the rotating Presidency of the organisation will get the title to highlight its prominence, Mr. Ming told presspersons.

source/content: thehindu.com ( headline edited)

INTERNATIONAL: DEFENCE & AVIATION: France has Delivered all 36 Rafale Jets to India: Emmanuel Lenain, French Envoy

35 jets have arrived in India, while one remains in France.

France has delivered all 36 Rafale fighter jets to India, said the French Envoy in India, Emmanuel Lenain, speaking on the sidelines of the French National Day celebrations on Thursday.

However, while 35 jets have arrived in India, one jet still remains in France, official sources said.

One Rafale jet, which is the instrumented aircraft on which the 13 India specific enhancements (ISE) are being tested, is still in France, an official source said on Friday.

This is also the Rafale built for India and designated RB008. RB stands for former Indian Air Force (IAF) Chief Air Chief Marshal R.K.S. Bhadauria who, as then Deputy Chief of IAF, led the Indian negotiation team and had a major role in the contract negotiations.

The last batch of three Rafale jets had arrived in India in February, taking the total Rafales in inventory of the Indian Air Force to 35. As reported by The Hindu earlier, work on upgrading all the Rafale jets in service to the Indian standard configuration with the 13 ISE is currently underway in India. All ISE have already been qualified and certified.

source/content: thehindu.com (headline edited)

INTERNATIONAL: BUSINESS & ECONOMY: ‘I2U2 Summit (India, Israel,US, and UAE) ‘: UAE to Invest $2 billion to Develop Integrated Food Parks Across India

The grouping is known as ‘I2U2’ with “I” standing for India and Israel and ‘U” for the US and the UAE.

The United Arab Emirates will invest $2 billion to develop a series of integrated food parks across India under the framework of the four-nation grouping ‘I2U2’.

The decision was announced after the leaders of the grouping — Prime Minister Narendra Modi, U.S. President Joe Biden, Israeli Prime Minister Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan — held the first virtual summit.

A joint statement said the I2U2 leaders’ meeting focussed on food security crisis and clean energy and that they discussed innovative ways to ensure longer-term, more diversified food production and food delivery systems.

source/content: thehindu.com (headline edited)

INTERNATIONAL: IT & TELECOMMUNICATIONS: U.S’s AT&T Inaugurates a new India Development Centre in Chennai

Company building a dedicated digital operations centre.

The U.S.-based telecommunications giant AT&T has opened its new development centre in Chennai.

The new facility was inaugurated by Tamil Nadu Minister for Information Technology T. Mano Thangaraj with Bala Subramanian, Chief Digital Officer, AT&T.

The new centre at the RMZ Millenia Campus Phase 2 on MGR Salai has capacity to accommodate around 300 employees and will focus on building digital capabilities. “We recognise the talent and potential in Chennai and are excited about offering an environment where teams can work on features that have a direct impact on AT&T customers and employees,” Mr. Bala Subramanian said in a statement. 

“In addition, we are building a dedicated digital operations centre (DoC) that will act as a beachhead for our customer-centric operations transformation,” he added.

source/contents: thehindu.com (headline edited)

INTERNATIONAL: NATIONAL, AVIATION & AEROSPACE: Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines to Create JV to make Chopper Engines

Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines have signed an agreement to create a new joint venture to develop helicopter engines. Through an MoU signed by R Madhavan, Chairman & Managing Director, HAL, and Franck Saudo, Chief Executive Officer, Safran Helicopter Engines, in presence of Olivier Andries, CEO, Safran.

Both the partners will extend their partnership by establishing a new aero-engine company in India. It will be dedicated to the development, production, sales and support of helicopter engines and one of its main objectives will be to meet the requirements of HAL and Ministry of Defence’s future heli­copters, including the 13-ton­ne Indian Multi-Role Helicopter.

Madhavan said: “We now look forward to utilize this opportunity to leverage HAL’s experience in manufacturing of more than 15 types of aircraft and helicopter engines to co-develop and manufacture engine with immediate focus on IMRH and its naval variant the Deck Based Multi Role Helicopter. This partnership will involve and utilize the Indian Defence manufacturing ecosystem within India”.

Saudo said the partnership with HAL recently illustrated the development and production of the Shakti engine, “and the inauguration of our joint venture Helicopter Engines MRO Pvt Limited (HE-MRO). With a fleet of over 1,000 engines, India’s Armed Forces are one of the largest operators of Safran-designed helicopter engines.”

HAL and Safran Helicopter Engines already have multiple partnerships, including the Shakti engine, which powers HAL-produced helicopters, including the Dhruv, Rudra and the Light Combat Helicopter. The Ardiden 1U variant also powers the new Light Utility Helicopter. Through HE-MRO joint venture in Goa, HAL and Safran Helicopter Engines will also provide Maintenance, Repair and Overhaul services for TM333 and Shakti engines in se­rvice with Armed Forces, and will be operational by 2023-

source/content: newindianexpress.com (headline edited)