Goldmedal Electricals announces 100 smart fans as prize for “Fan For a Fan” cricket contest

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, is excited to announce the “Fan for a Fan” contest, a thrilling initiative designed to unite cricket fans across the nation. Launched on March 22, this month-long cricket trivia challenge aims to ignite the spirit of cricket enthusiasts across social platforms, leading to a grand giveaway of 100 Goldmedal Opus Prime BLDC fans.

The contest unfolds weekly, with three carefully curated trivia questions posted on the Goldmedal handles of Instagram, Facebook, and Twitter. Participants are encouraged to showcase their cricket expertise and vie for a chance to win. Each week, 25 lucky winners will be chosen—15 from Instagram, 5 from Facebook, and 5 from Twitter—each receiving the recently launched, highly acclaimed Goldmedal Opus Prime BLDC fan that is not only smart but also reduces power by up to 60%.

Mr. Kishan Jain, Director, Goldmedal Electricals, excitedly shares, “The ‘Fan for a Fan’ contest is our homage to the unwavering spirit of cricket fans across the country. We are delighted to engage with our community and look forward to celebrating the passion for cricket that runs deep in our culture. This contest is not just about winning; it’s about sharing our love for the game and connecting with fans on a platform of mutual admiration and respect.”

The ‘Fan for a Fan’ contest invites all cricket enthusiasts to join in the fun and stand a chance to win their very own Opus Prime BLDC fan.

Automaxis Revolutionizes Cross-Border Trade with Blockchain and AI Integration, Backed by T-Hub Support

Automaxis, a pioneering startup nurtured by T-Hub, announces groundbreaking advancements in its mission to revolutionize international transactions. With its flagship product, FDP Connect™, Automaxis is poised to streamline, automate, and digitize transactions related to Freight, Documents & Payments. This cutting-edge platform tackles longstanding challenges in international trade, fundamentally reshaping how businesses navigate the intricacies of global commerce.

Cross-border trade often encounters inefficiencies and bottlenecks, hindering seamless transactions. Automaxis emerges as a beacon of efficiency and reliability, leveraging blockchain technology and artificial intelligence to bridge the gap between stakeholders operating in silos. By fostering interoperability and seamless collaboration within the supply chain, Automaxis sets the stage for enhanced efficiency and reduced paperwork in international trade.

As India gears to become the third-largest global economy, cross-border trade presents significant opportunities. The government’s initiatives under the Digital India initiative and Ease of Doing Business are further paving the way for smoother international trade. Automaxis, with its holistic approach, offers a comprehensive suite of tools to guide users through every stage of the international trade process. Notably, the recent commitment by the Digital Container Shipping Association (DCSA) to transition to 100% electronic Bills of Lading by 2030 underscores the urgency for digital transformation in the industry.

A notable achievement for Automaxis is its integration with TradeTrust, MLETR compliant framework by IMDA Singapore. This partnership facilitates the digitization of crucial trade documents, including Bills of Lading, marking a significant milestone towards truly digital trade facilitation. The recent live paperless transaction between India and Singapore, piloted using the TradeTrust platform, underscores the efficacy and relevance of Automaxis’s solution in today’s digital economy. Automaxis is transforming the handling of Bills of Lading by digitizing this critical document. Traditionally paper-based and couriered, the original Bill of Lading holds immense value as a negotiable instrument representing the entire worth of traded goods. Automaxis securely transfers ownership using blockchain technology, collaborating with TradeTrust for legal interoperability.

Pratik, Chief Operating Officer of Automaxis, remarks, “We are providing a one-stop-shop for all the digital needs of the Exporting and Importing companies in India. Our smart tool navigates users through the total process of international trade, ensuring efficiency and compliance. Looking ahead, Automaxis projects robust revenue growth for the upcoming fiscal year, driven by growing order books and an expanding customer base.”

Supported by India’s leading startup incubator, Automaxis gained access to invaluable resources such as industry expertise, investor connections, and potential clientele. T-Hub’s mentorship and expansive network provided validation and avenues for crucial market expansion, propelling Automaxis as a trailblazer in the cross-border trade sector. This collaborative backing facilitated recognition and collaboration opportunities with industry giants like Maruti Suzuki India Ltd. and Swarovski, further solidifying Automaxis’s position in the domain.

MSR, CEO of T-HUB, said, “Automaxis exemplifies the spirit of innovation and resilience that we champion at T-Hub. Their commitment to transforming cross-border trade aligns perfectly with our mission to nurture disruptive startups with global potential. We are excited to see Automaxis’s continued success as they redefine industry standards and drive positive change in the international trade ecosystem.”

With over 5500 exporters already onboarded, Automaxis continues to make waves in key sectors such as Agri Exports, recycled paper exports, marine exports, engineering exports, and gems and jewelry. By collaborating with agencies involved in the international supply chain, Automaxis aims to further expand its reach and impact across diverse industry verticals.

By achieving industry certifications, winning awards, showcasing customer success stories, and forming strategic partnerships, Automaxis strengthens its reputation as a trusted provider of cross-border trade solutions. Looking ahead, Automaxis aims to enhance and expand its services to meet the evolving needs of its customers, focusing on advanced automation, compliance management, integration with emerging trade platforms and standards, and expansion into new geographies and industry verticals.

 

About T-HUB

T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based out of Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem and is the world’s largest innovation campus. Over the six years, T-Hub has pivoted around the 6Ms (Mentors, Market, Motivation, Manpower, Money, Methodologies) and 2Ps (Partnerships & Policy advisory) framework with a mission of driving results and collaboration for entrepreneurs’ success. With its impressive track record of nurturing over 3,000 startups, 150 mentors, 350 corporate partners, T-hub’s startups have raised a remarkable $1.9 billion in investments. It has delivered 100+ innovation programs so far, creating an impact for start-ups, corporations, and other innovation ecosystem stakeholders.

Vedanta Aluminium’s BALCO certified against Aluminium Stewardship Initiative’s Performance Standard V3

Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a unit of Vedanta Aluminium, has achieved the Aluminium Stewardship Initiative (ASI) Performance Standard V3 Certification for the manufacture and supply of a wide range of primary aluminium products at its facility in Korba, Chhattisgarh. This includes a smelter with two potlines for producing molten aluminium (hot metal), three casthouses for shaping the aluminium, a rolled product plant and a power generation plant. Together, they contribute to an annual production capacity of 575,000 tonnes at BALCO.

BALCO produces aluminium wire rods, ingots, primary foundry alloys and rolled products, as well as India’s first low carbon aluminium range Restora. They find applications in several sectors including automobiles, infrastructure, insulations, power projects, electrical and packaging. It has emerged as the first Indian company to achieve the ASI Performance Standard V3 Certification. Previously, Vedanta Aluminium has also achieved the ASI Performance Standard V2 Certification for its smelter and captive power plant located within the Special Economic Zone (SEZ) at Jharsuguda, Odisha, India.

The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the global aluminium value chain. The ASI Performance Standard V3 (2022) was launched in May 2022 following a multi-year revision process. It defines 11 principles and 62 criteria under three sustainability pillars – Environment, Social, and Governance – with the aim to address sustainability areas in the aluminium value chain, such as biodiversity, indigenous peoples’ rights, circularity, and greenhouse gas emissions. The independent, third-party audit of Bharat Aluminium Company Limited (BALCO) was carried out by CETIZION Verifica.

Mr John Slaven, CEO, Vedanta Aluminium, said, “We welcome BALCO’s inclusion in the esteemed ASI membership and its Certification against the ASI Performance Standard V3, which includes the production of our low-carbon ‘green’ aluminium Restora and Restora Ultra brands. As India’s iconic aluminium producer, BALCO has pioneered sustainable processes across every step of the aluminium value chain, establishing itself as a benchmark within the global industry. The certification comes as a reiteration of our continuous commitment to responsible production practices, and ignites in our teams a renewed focus on exploring new ways to harness aluminium’s boundless potential towards building a sustainable world.”

Dr. Fiona Solomon, CEO, Aluminium Stewardship Initiative, said, “We congratulate Bharat Aluminium Company Limited (BALCO) on achieving Performance Standard Certification V3 (2022) for its integrated aluminium production facilities in Chhattisgarh. As a large aluminium producer in India and a part of Vedanta Limited – Aluminium Business, BALCO plays an important role in the global aluminium industry. This certification marks a notable milestone in BALCO’s sustainability journey and demonstrates its commitment to adopting practices that meet a broad range of environmental, social and governance criteria.”

Vedanta Aluminium, of which BALCO is a part, is adopting a multi-pronged approach to achieve Net Zero by 2050, by setting clear timelines to mitigate emissions, deploying cutting-edge carbon reduction technologies, greater usage of renewables, and supporting grassroots climate resilience initiatives among local communities. Striking a balance between ecological needs and business requirements, the company achieved an impressive 28% reduction in its greenhouse gas (GHG) intensity in FY23 from a FY12 baseline, while also enhancing production three-fold during the same period.

Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow. www.vedantaaluminium.com

L&T Flags Off First 700 MWe Steam Generator for Fleet Programme Sets New Benchmark

The Heavy Engineering arm of Larsen & Toubro (L&T) has flagged off the first Steam Generator (SG), for indigenously developed 10 X 700 MWe PHWR Fleet Programme, 12 months ahead of contractual delivery. With this, L&T has surpassed its own previous benchmark in SG manufacturing. SG is a heat exchanger that converts water into steam by making use of the heat produced in a nuclear reactor core.

 

These Steam Generators are the most critical components supplied to Nuclear Power Corporation of India Ltd (NPCIL), aimed at bolstering India’s nuclear power programme and achieving India’s COP26 commitment of net zero carbon emission by 2070, under Honourable Prime Minister Mr Narendra Modi’s vision of “Aatmanirbhar Bharat”.

The flag-off ceremony at L&T’s A M Naik Heavy Engineering Complex at Hazira in Gujarat was attended by senior officials of NPCIL and L&T.

Commenting on the occasion, Mr Anil V Parab, Whole-time Director & Sr Executive Vice President

– L&T Heavy Engineering & L&T Valves, said: “We, at Heavy Engineering, are proud to be the industry trendsetter. L&T is committed to contribute to India’s target of net zero emission by 2070 and is fully aligned with NPCIL’s mission to fast-track India’s nuclear power capacity to 22,480 MWe by 2032, more than 3 times in less than a decade.”

The Heavy Engineering vertical of L&T has a proven track record of supplying technology-intensive equipment and systems to global customers in the refinery, oil & gas, petrochemicals, fertilisers and nuclear power sectors.

It may be recalled that L&T played a major role in the Kakrapar Atomic Power Station, whose units 3 & 4 were dedicated to the Nation by Honourable Prime Minister in February this year as well as a historic milestone of core fuel loading in 500 MWe Prototype Fast Breeder Reactor (PFBR). All these are contributing to the scripting of a new chapter in India’s strides towards clean energy.

Rallis India Recognized For Prioritizing Exemplary CSR Initiatives Integral To Its Business

Rallis India Limited, a Tata enterprise and leading player in the Indian agri inputs industry, has once again proven its commitment to Corporate Social Responsibility (CSR) with its impactful initiatives benefiting communities and the environment. Recently, Rallis India’s outstanding water management program – ‘Jal Dhan’ for Indian farmers clinched the coveted “Best ESG Performance in Water Conservation” at Transformance Group’s esteemed 4th Annual ESG Summit and Awards 2023. This recognition highlighted Rallis India’s dedication to fostering sustainable practices and making a tangible difference. Moreover, the organization’s efforts in community development, particularly for farmers and youth, have garnered further acclaim, including the Tata Affirmative Action Program Recognition for Significant Adoption. Rallis India’s consistent contributions to natural resource management, sustainable development, and skill enhancement have earned it numerous prestigious awards over the years, solidifying its reputation as a leader in CSR initiatives.

Speaking on Rallis India’s commitment towards sustainable community development, Sanjiv Lal, MD & CEO of Rallis India Limited, said, “Rallis is deeply rooted in its values, which are fundamental to our vision of contributing to a brighter tomorrow. Our commitment to sustainability and communities is more than just a responsibility; it is an integral part of our business ethos, propelling us to make a significant impact on society and the environment.”

  1. Nagarajan, Chief Operating Officer of Rallis India Limited, said, “Corporate Social Responsibility is more than just an initiative. Our commitment to social and environmental responsibility defines us, and we welcome the opportunity to have a positive impact by incorporating positive actions into every aspect of our operations.”

 

In a view to create a stronger future for India, Rallis Ujwal Bhavishya Yojana (RUBY), an impactful initiative by Rallis India was introduced to enable access to quality school education for all children and with an aim to make them responsible, caring and productive citizens. The organization has also been lauded for its volunteering efforts at the Tata Group Volunteering Conference (VOLCON) hosted by Tata Sustainability Group (TSG).

 

Through its creative corporate social responsibility programmes and environment friendly business methods, Rallis India consistently demonstrates its steadfast dedication to making a beneficial influence on society and the environment.

Tata Power’s Group Captive clean energy deal with Tata Steel recognised among ‘Top Deals of 2023’ by India Business Law Journal • At 966 MW, this is one of India’s biggest industrial round-the-clock renewable group captive projects

Tata Power, one of India’s leading integrated power companies, is proud to announce the recognition of its 966 MW Round-the-clock (RTC)  Group Captive deal with Tata Steel in the list of ‘Top Deals of 2023’ by the India Business Law Journal.

 

Under the Group Captive scheme, this is one of India’s biggest industrial round-the-clock Hybrid Renewable Power projects and will be executed by TP Vardhaman Surya, a subsidiary of Tata Power Renewable Energy Limited (TPREL).

 

The mega deal, acknowledged as one of the 50 standout deals of 2023, underscores Tata Power’s commitment to driving sustainable energy solutions and solidifies its position as a frontrunner in India’s renewable energy landscape.

 

India Business Law Journal is one of India’s reputed journals which legal professionals refer to navigate legal and regulatory matters, analyse key business deals, gain information on legal and regulatory changes.

 

TPREL has crossed a milestone of 1.4 GW capacity of Group Captive projects and has demonstrated remarkable prowess in tailoring captive energy solutions for various industries like steel, hospitality, realty, auto components, polymer et al and delivering them in a dependable, cost-effective, and environment-friendly way.

 

While SKV Law Offices, with partner Pranav Bhaskar advised Tata Power Renewable Energy, Argus Partners, with partner Aditya Chaudhury advised Tata Steel for the deal.