Category Archives: Business & Economy

INDIA: MANUFACTURING: 80% of Indian Steel Producers have Labelled ‘Made-in-India’ on products

The source said that the ‘Made in India’ branding, along with a QR code, provides for labeling of domestic steel products with details of the product. “

Following the Ministry of Steel’s initiative to brand products with ‘Made in India’, Indian steel producers (ISPs) have labelled 80 per cent of their products since November last year, said an official on Monday.

“Ministry of Steel was the first to initiate and complete the branding exercise. The efforts would result in branding of 80 million tonnes of steel out of the production of 125 million tonnes in the first phase,” the official added.

Indian steel producers have finalised common labels across the product categories and allocated size and space for the ‘Made in India’ logo for each label.

“All the ISPs have started roll out of branding with selected categories of steel products in their product portfolio by fixing of new ‘Made in India’ label on their products from November 4, 2023 onwards,” the source said, adding RINL, JSPL and TATA Steel Ltd have covered 100 per cent of their product range, while the rest will complete the branding by the end of June.

Explaining the need of the branding, the source said, “the label will help to create a common brand value for all Made-in-India steel products nationally and internationally and to further encourage manufacturers to maximise their local manufacturing process, thereby giving a much-needed boost to the Indian economy.

In the long run, it will be a key identifier for Indian steel sector markets across the world, further cementing India’s position in global markets. The Made in India Label along with the overall country branding through the Brand India Mission will complement each other and help in achieving the final goal of ‘Atmanirbhar Bharat’ making for India and the world.”

According to sources, the concept was initially suggested by Prime Minister Narendra Modi , which was later conceptualised by the Department for Promotion of Industry and Internal Trade (DPIIT) and implemented by the Steel Ministry.

The source said that the ‘Made in India’ branding, along with a QR code, provides for labeling of domestic steel products with details of the product. “The vision is to boost credibility of ‘Made in India’ and promotion of domestically-produced steel and to enable the Indian consumers to make an informed choice. ‘Made in India’ Label is intended for both domestic market and also for exports,” the source said.

source/content: indianexpress.com (headline edited)

INTERNATIONAL: SPACE : Indian-Origin Shawna Pandya on Virgin Galactic’s New Space Research Flight

Shawna Pandya, an Indian-origin physician and bioastronautics researcher, will be part of Virgin Galactic’s upcoming space research mission. This mission, a collaboration between Richard Branson’s Virgin Galactic and the International Institute for Astronautical Sciences (IIAS), will be conducted aboard the Delta Class spaceship.

Pandya, a prominent figure in space medicine and Director of IIAS’ Space Medicine Group, joins a distinguished crew for this second research mission. The team includes Kellie Gerardi, Director of Human Spaceflight Operations at IIAS, and Norah Patten, an aeronautical engineer from Ireland. The mission follows the success of the ‘Galactic 05’ mission in November 2023, which tested novel healthcare technologies and analyzed fluid dynamics in microgravity to aid the design of future medical technologies and life-support systems.

Pandya, who has extensive experience in space research, was part of the first crew to test a commercial spacesuit in zero gravity in 2015. Her impressive record includes flying in 10 parabolic flight campaigns, amassing over 160 parabolas in micro- and reduced gravity conditions.

“We were thrilled with the results from our fluid cell experiment on ‘Galactic 05’, which demonstrated our ability to accurately predict fluid behavior in a weightless environment”, said Gerardi, reflecting on the mission’s success.

Sirisha Bandla, Virgin Galactic’s Vice President of Government Affairs and Research, emphasized the ongoing collaboration with IIAS. “We’re excited to continue our partnership with IIAS in an expanded capacity”, said Bandla, who flew on the ‘Unity 22’ spaceflight, becoming the second Indian-born woman to travel to space.

This mission highlights the growing role of Indian-origin researchers in advancing space science and technology, further solidifying international collaborations in space exploration.

source/content: siliconindia.com (headline edited)

INTERNATIONAL: MEDIA : Annurag Batra Founder of exchange4media elected to International Academy of Television Arts & Sciences

Annurag Batra is the Founder and Editor-in-Chief of exchange4media, which manages several major media brands.

In Short

Annurag Batra elected to International Academy of Television Arts & Sciences
He founded exchange4media and chairs BW Businessworld
The academy has over 900 members from 60 plus countries

Annurag Batra, Founder of exchange4media and Chairman of BW Businessworld, has been elected as a Member of the International Academy of Television Arts & Sciences.

The prestigious academy consists of over 900 members from more than 60 countries, representing the world’s leading television and media companies.

Annurag Batra is well-known in the media and television industry. He set up exchange4media, creating a new platform for media and television and has made a big impact on the digital media industry.

Batra has created a new sector that others in the field respect and follow. He is a serial entrepreneur, author, angel investor, TV show host, and a believer in the power of dreams.

He is the Founder and Editor-in-Chief of exchange4media, which manages several major media brands. He is also the Chairman and Editor-in-Chief of BW Businessworld Media Group.

Since acquiring BW Businessworld in late 2013, he has transformed it into a modern media conglomerate.

Batra has also served on the Board of Governors at the Management Development Institute in Gurgaon, his alma mater. He was the first graduate of MDI’s flagship program to serve on its Board of Governors from January 2020 to June 2023.

As the founder of exchange4media, he has spent over 24 years engaging with leading media owners, editors, journalists, and news media professionals.

He has built several media brands and large-scale events under exchange4media and is an accepted authority in media and television and has written extensively on these subjects. He is set to release his book in 2025 titled “Media Moguls of India.”

He is expanding his initiatives to the UAE and the MENA region. He is also investing in many media tech startups that are shaping the Indian digital media landscape.

Annurag Batra’s election to the International Academy of Television Arts & Sciences is a testament to his influence and contributions to the media industry.

source/content: indiatoday.in (headline edited)

NATIONAL : PATENT RECORD: Indian patent office grants record 1 lakh patents in past year, March 2023 – March 2024

The Patent Office granted over one lakh patents in the last 1 year (15-Mar-2023 to 14-Mar-2024). Every working day, 250 patents were granted, the ministry said.

The Ministry of Commerce and Industry said on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the Patent Office received an all-time high of 90,300 patent applications.

The Patent Office granted over one lakh patents in the last 1 year (15-Mar-2023 to 14-Mar-2024). Every working day, 250 patents were granted, the ministry said. Alongside patent grants, there has been a notable surge in GI registrations, demonstrating a threefold increase compared to the previous year. Currently, India boasts 573 registered GIs, with 98 new registrations in the fiscal year 2023-24, according to the release.

Additionally, copyright registrations have reached a record-breaking 36,378, underscoring the vast potential within the creative sector. In the realm of design, the fiscal year 2023-24 witnessed the highest number of registrations to date, totalling 27,819, alongside the final disposal of 30,450 applications.

Noteworthy initiatives such as Toycathon, jointly organized by J&K SCERT and the Indian IP Office, have facilitated the registration of 115 novel designs by J&K school students, according to the release. The Trade Marks Registry has also redoubled its efforts to expedite trademark protection, committing to issuing examination reports within 30 days of receiving trademark applications.

In parallel, the National Intellectual Property Academy (NIPAM) has played a pivotal role in raising IP awareness, offering training to 24 lakh youths, particularly students and teachers, across over 7,000 institutions in the last two years. The announcement coincided with the official notification of the Patent Rules, 2024, which introduces several provisions aimed at simplifying the patent prosecution and maintenance processes.

These rules are poised to streamline the acquisition and management of patents, thereby nurturing an environment conducive to innovation and economic growth. Notable features of the revamped rules include provisions for acknowledging inventors’ contributions through a new ‘Certificate of Inventorship’ and reducing the time limit for filing examination requests to accommodate the fast pace of technological advancements, read the press release.

Highlighting the significance of these developments, government officials emphasized their commitment to enhancing the IP ecosystem and administration in the country. The Ministry of Commerce and Industry is dedicated to creating an environment that fosters innovation and economic development through robust IP protection mechanisms.

The surge in patent grants reflects India’s emergence as a hub for technological innovation, with one technology seeking IP protection every six minutes.

source/content: indiatvnews.com (headline edited)

“World Record”: INDIAN ELECTIONS 2024: WORLD’S LARGEST ELECTORAL EXERCISE: Poll Body Says Over 64 Crore People Voted In 2024 Lok Sabha Elections

Lok Sabha Elections 2024: The Election Commission said that over 68,000 monitoring teams and 1.5 crore polling and security personnel were involved in the world’s largest electoral exercise.

India created a world record with 64.2 crore voters, including 31.2 crore women, participating in the Lok Sabha elections this year, Chief Election Commissioner Rajiv Kumar said on Monday.

Addressing a press briefing, he said over 68,000 monitoring teams and 1.5 crore polling and security personnel were involved in the world’s largest electoral exercise.

“India created a world record with 64.2 crore voters, including 31.2 crore women, participating in the Lok Sabha elections this year,” said Mr Kumar.

On social media memes calling election commissioners ‘Laapataa Gentlemen’, Mr Kumar said, “We were always here, never went missing.” “Now memes can say the ‘Laapataa Gentlemen’ are back,” he said.

Mr Kumar said that nearly four lakh vehicles, 135 special trains and 1,692 air sorties were used for conducting the 2024 Lok Sabha elections.

“Only 39 repolls took place in the 2024 general elections as against 540 repolls in 2019,” he said.

The CEC further said that Jammu and Kashmir recorded its highest turnout in four decades at 58.58 per cent overall and 51.05 per cent in the Valley.

“Seizures of ₹ 10,000 crore, including cash, freebies, drugs and liquor, were made during the 2024 polls as compared to ₹ 3,500 crore in 2019,” he said

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

source/content: ndtv.com (headline edited)

GLOBAL: NATIONAL: AEROSPACE / MANY FIRSTS : World’s First Rocket with Single Piece 3D Printed Engine launched from Sriharikota

The feat has been achieved entirely through indigenous design and development.

The world’s first rocket with a single piece 3D printed engine was launched from Sriharikota on Thursday by Agnikul Cosmos, the IITMadras-incubated start-up.

The launch was witnessed by various luminaries including Dr S Somanath, Chairman, Indian Space Research Organisation (ISRO), Dr Pawan Goenka, Chairman of IN-SPACe, Rajeev Jyoti, Director (Technical), IN-SPACe, and A Raj Rajan, Director SHAR.

The ISRO chairman said that the success involving many firsts, including the 3D printed semi-cryogenic engine, flight control systems etc. demonstrate the prowess of indigenous design and innovation. “It motivates ISRO to support the Space startups and non-governmental entities for innovation and Atmanirbharata to create a vibrant space ecosystem in the country,” he said.

The feat has been achieved entirely through indigenous design and development after the launch was postponed many a times. ‘Agnibaan – SOrTeD’ Sub-Orbital Technology Demonstrator also has the unique distinction of having been launched from India’s first private launch pad called ‘Dhanush’ established by Agnikul. It is also India’s first semi-cryogenic engine-powered rocket launch.

“The key purpose of this mission, which is also Agnikul’s first flight, is to serve as a test flight, to demonstrate the in-house and home grown technologies, gather crucial flight data and ensure optimal functioning of systems for Agnikul’s orbital launch vehicle, the ‘Agnibaan’,” a statement issued by the company said.

The Agnibaan SOrTeD is powered by a semi-cryogenic engine that uses commercially available aviation turbine fuel or essentially kerosene and medical grade liquid oxygen, according to the company. Agnikul follows up on the first launch made by an Indian space company which was Skyroot Aerospace Private Limited which in 2022 flew a solid fuelled sounding rocket from Sriharikota.

Speaking about the next steps, Prof Satyanarayanan R Chakravarthy, founding advisor, Agnikul Cosmos and also the Head of National Centre for Combustion Research and Development (NCCRD), IIT Madras, said, “We are proud to present India’s first Semi-cryo rocket engine, which is also the world’s most integrated single shot 3D printed piece. It signals the ability to rapidly assemble rockets that is unparalleled.”

The Agnikul team consists of over 200 engineers and is associated with NCCRD at IIT Madras. Additionally, the team is guided by 45 former scientists from ISRO who bring invaluable expertise to the endeavour of democratising access to space, a statement said.

The flagship launch vehicle, ‘Agnibaan’, is designed to be compatible with the mobile launchpad called ‘Dhanush,’ allowing for launch flexibility regardless of location. Agnibaan can be configured to accommodate payloads ranging from 30 kg to 300 kg, ensuring versatility across a wide range of mission requirements, the statement added. The startup is aiming to fly an orbital mission towards the end 2024-2025.

source/content: newindianexpress.com (headline edited)

INTERNATIONAL: MIDDLE EAST: Centuries-old documents from Indian community in Oman digitised for posterity

The Embassy of India, in collaboration with the National Archives of India (NAI), has completed a special digitisation project for the protection and compilation of age-old documents that give us a peek into individual anecdotes of the people of Oman and India.

For the preservation of the rich history of the Indian community in Oman, this initiative aims to collate and safeguard valuable historical documents held by the Indian diaspora in Oman, many of whom have been residing in the country for generations.

A two-member expert team from the NAI finished the daunting task on Monday in just over a week starting from May 19.

The event concluded at the embassy premises with a successful digitisation of over 7,000 documents.

Digitised contents include pictures, receipts, letters, certificates, passports, invoices and notes. These records, sourced from 30 families across Oman, trace back as far as 250 years, providing a unique window into the historical presence and contributions of the Indian community in the region.

Speaking at the event, H E Amit Narang, the Ambassador of India to Oman, said, “Our aim was to compile historical documents so that we can have a databank on the centuries-old relationship that the people of the two countries enjoyed.”

The documents also showcase how Indians were at the centre of trade among the Arab and African countries. Digitised documents adequately prove how Muscat was always a trade hub for so many countries.

“They reveal a web of historical interactions and economic exchanges, illustrating the pivotal role the Indian community played in the trade networks linking Oman, Arabia and Africa. By preserving these records, the project ensures that future generations can access and learn from this rich heritage.”

A notable aspect of the project was the creation of an oral archive, a first for the NAI.

Kalpana Shukla, an NAI representative, conducted long interviews with senior members of the community, some as old as 80 years. “This is the first time ever that the NAI has done this type of digitisation. Soon, all these records from Oman will be available for people to see. This digitisation is not only for preservation but also for research,” Kaplana said.

She added that as these digital archives become accessible, they will serve as a valuable resource for historians, researchers and the general public, fostering a deeper understanding of the contributions of the Indian community to Oman’s development.

source/content: muscatdaily.com (headline edited)

INTERNATIONAL: FASHION : Meet Santanu Das, the Kolkata-based fashion designer who crafted Payal Kapadia’s Cannes 2024 outfit

Payal, who won the Grand Prix Award for her film All We Imagine As Light at Cannes, ordered her outfit for the festival from Santanu’s artisanal clothing brand Maku Textiles.

Filmmaker Payal Kapadia carried a piece of Kolkata with her when she walked onto the stage at Cannes 2024 to receive the Grand Prix Award for All We Imagine As Light on May 25. She was wearing an outfit that was exclusively crafted for her by Kolkata-based artisanal clothing brand Maku Textiles in less than a week.

The Telegraph Online recently caught up with Maku Textiles founder-director Santanu Das, an alumni of National Institute of Design, to know the thoughts and craftsmanship that went into Payal’s outfit.

The Telegraph Online: What was your first thought when you came to know that Payal Kapadia wore an outfit designed by you to receive her Grand Prix Award at the Cannes 2024?

Santanu Das: We are part of history now. It was a very special moment. We understood her achievement is going to live forever and with that we will also be attached to her. I wrote to Payal just after I got to know about her Cannes win. It’s wonderful.

Did you know Payal Kapadia before she ordered the outfit from you? How did she come to know about Maku Textiles?

Santanu Das: No, I didn’t know her before that. Maybe that’s because I am not very social and prefer to live in a cocoon.

I don’t know how her team got in touch with me. Things happened very fast. We had to finish the outfit and deliver it in less than a week. I had to send it to Mumbai, and the last person from her team travelling to Cannes hand-carried the outfit.

Could you decode Payal’s Cannes outfit for us.

Santanu Das: We had two pieces — a jacket and a sleeveless silk dress. She wore the jacket at the screening, but it was designed in such a way that you could see the dress from the front. While collecting the award, Payal wanted to open the jacket.

When we were talking about the outfit, Payal wanted something blue and I had something black — but not very black, black. Our signature colour is indigo, so we created a different tonality of black indigo. We also considered that it could be an emotional as well as a vulnerable moment for her and that’s why I wanted her to feel guarded in our design. We talked about how the design needs to be ironed and what earrings would go with it.

Did you speak to Payal to understand how she actually wanted to present herself on the big stage?

Santanu Das: Oh, yeah, we talked a couple of times. We had a long call where we discussed how to go about the styling. We tried to understand what she generally wears and what she would feel comfortable in as we didn’t want to impose anything on her. We were very aware that she is a film director. She is from the creative world, so anything she wears must match her personality.

You are into artisanal fashion. How do you elaborate on it?

Santanu Das: It’s a segment, which isn’t open and big. This specific segment has only a handful of people coming up with handmade signature designs but in a small batch. We do everything by our hand, making it part of a sustainable network. We mix our identity with the neutral cloth to add character to it.

Your label is made in Kolkata and was founded in 2012 but your focus has always been international…

Santanu Das: Our focus has always been on international sales and curation. We want to invest in developing new things. We are present in Japan, China, Taiwan, South Korea, the US, Europe, France, the UK, the Netherlands, Spain and Italy. Stores buy our clothes and then sell them.

In Kolkata, we have an atelier-cum-factory for people who are too keen to visit. We invite them by appointment. Our team comprises 60 people. We have 200 weavers from West Bengal, and our fabric is handwoven. We do everything such as fabrication, stitching and merchandising in Kolkata.

But some people love your work in India…

Santanu Das: I don’t know if anyone in Kolkata knows about Maku Textiles. A few people in Mumbai and Delhi know about us. More than actresses, we get filmmakers, cinematographers and art directors as clients. Anvita Dutt (creator of Bulbbul, Qala) has all my saris. Meenal Agarwal (production director), Konkona Sen Sharma, Tillotama Shome and Dia Mirza wear Maku Textiles. Anushka Sharma also visited our Kolkata studio while shooting for Pari. Both Anvita and Anushka came to know about us from Meenal.

source/content: telegraphindia.com (headline edited)

INTERNATIONAL: ARTS & CULTURE / MOVIES: Cannes 2024: Payal Kapadia’s ‘All We Imagine as Light’ scripts History for India, Wins Grand Prix

The film, the story of two Kerala nurses living in Mumbai, was the first Indian film in 30 years to compete in the main competition at Cannes.

In a historic win for India, Payal Kapadia’s All We Imagine as Light bagged the Grand Prix, the second-highest award at the Cannes Film Festival, on Saturday night.

The film, the story of two Kerala nurses living in contemporary Mumbai, was the first Indian film in 30 years to compete in the main competition at Cannes. It stars Indian actors Kani Kusruti, Divya Prabha and Chhaya Kadam.

The jury for the 77th Cannes was presided over by Barbie director Greta Gerwig and included the illustrious likes of Lily Gladstone, Hirokazu Koreeda, Eva Green, Omar Sy, Ebru Ceylan and others.

American director Sean Baker’s Anora won the Palme d’Or, the top prize at Cannes.

The slate included Francis Ford Coppola’s Megapolis, Yorgos Lanthimos’ Kinds of Kindness, Andrea Arnold’s Bird, Jia Zhang-Ke’s Caught By the Tides amongst others.

The only Indian film to ever win the Palme d’Or — then known as Grand Prix du Festival International du Film — is Chetan Anand’s Neecha Nagar (1946). Mrinal Sen’s domestic help drama Kharij won the Jury Prize in 1983.

“Please don’t wait another 30 years to have an Indian film,” Kapadia said while accepting the honour.

In 1994, Malayalam director Shaji N Karun’s rural-set classic Swaham was the last film from India to compete for the Palme d’Or.

Kapadia, an alumnus of the Film & Television Institute of India (FTII), is best known for her acclaimed documentary A Night of Knowing Nothing, which premiered at the 2021 Cannes Film Festival’s Director’s Fortnight side-bar where it won the Oeil d’or (Golden Eye) award.

source/content: thehindu.com (headline edited)

INTERNATIONAL: SCIENCE & TECHNOLOGY/ RESEARCH : SII commences shipments of malaria vaccine ‘R21/Matrix-M’ to Africa

Developed in collaboration with the University of Oxford and Novavax’s Matrix-M adjuvant, the R21/Matrix-M vaccine is the second malaria vaccine to be authorised for use in children in malaria-endemic regions, SII said.

Vaccines manufacturer Serum Institute of India (SII) on Monday said it has started exports of ‘R21/Matrix-M’ malaria vaccine to Africa as part of the global fight against the disease.

The initial shipment is being sent to the Central African Republic (CAR), followed by other African countries such as South Sudan and Democratic Republic of Congo in the coming days, it added.

In total, 1,63,800 doses of the ‘R21/Matrix-M’ malaria vaccine have been specifically allocated for the CAR region, of which only 43,200 doses have been dispatched on Monday from SII’s facility in Pune.

“The shipment of the ‘R21/Matrix-M’ malaria vaccine to Africa marks a momentous milestone in our collective fight against this life-threatening disease. This achievement is a testament to the power of collaboration and the efforts of our dedicated workforce at the Serum Institute of India, working in partnership with Novavax and the University of Oxford,” SII Executive Director, R&D, Umesh Shaligram, said.

Novavax President and CEO John C. Jacobs said, “The R21/Matrix-M vaccine is a vital new tool to help stop the devastating health and economic impact of malaria on nearly half of the world’s population, including the tragic loss of 1,300 children every single day.”

U.S. Ambassador to India, Eric Garcetti, who was present at the flag-off ceremony, said, “The development of the R21/Matrix-M malaria vaccine represents a great step forward in our battle against this deadly parasite. The quality, affordable vaccines that will be produced through this partnership between Novavax and SII will prevent hundreds of thousands of deaths every year across the globe.”

The start of the distribution at large scale of this high efficacy, very cost-effective vaccine should mark a turning point in the battle against malaria, said Professor Adrian Hill, Director of the Jenner Institute at Oxford University.

SII said the R21/Matrix-M vaccine received WHO recommendation for use in children last year in October. The vaccine is easily deployable, cost-effective and affordable.