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Bajaj Auto unveils 2024 editions of Pulsar NS series-Telangana Today

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Building upon the success of their predecessors, the 2024 editions of the Pulsar NS Series have been engineered to deliver an unmatched riding experience.

Updated On – 27 February 2024, 09:33 PM


Bajaj Auto unveils 2024 editions of Pulsar NS series

Pulsar NS200

Pune: Bajaj Auto on Tuesday re-launched the variants of its Naked Sports motorcycle range – Pulsar NS  2024 series, NS200, NS160 and NS125. These latest variants mark a significant leap forward in the evolution of the iconic Naked Sports series.

Building upon the success of their predecessors, the 2024 editions of the Pulsar NS Series have been engineered to deliver an unmatched riding experience, Bajaj Auto said in a press release.

Advanced LED Lighting

A new LED lighting system is designed to elevate aesthetics and safety of the 2024 editions of the NS series. Featuring new LED Daytime Running Lights (DRLs), headlamps, and turn indicators, these motorcycles offer improved visibility on the road, particularly for night rides.

Connectivity and Hassle-Free Riding

The upgraded Pulsar NS motorcycles are engineered to provide riders with an unparalleled, hassle-free riding experience with Bluetooth connectivity.

The NS200 and NS160 feature a cutting-edge Bluetooth-enabled reverse monochromatic LCD console, allowing riders to pair their mobile devices for notifications and call management. They are also integrated with turn-by-turn navigation.

Riders can also charge their phones on-the-go, with a USB charging port that enables the charging of smartphones while riding.

Real-time Riding Insights

Riders can now access real-time updates on fuel consumption, average fuel economy, and gear position on the digital console itself. The Bajaj Connect App complements these features, offering a comprehensive view of the motorcycle’s performance.

The substantial upgrades to the NS range follow the unveiling of the 2024 edition of the N150 and N160 last month.

Sarang Kanade, President, Motorcycles, Bajaj Auto, said, “With the upgraded 2024 edition of NS series, we are elevating the riding experience. We are confident that with the new offerings Pulsar will further strengthen its dominant leadership in the sport segment.”

While the Pulsar NS200 is priced at Rs. 1,57,427 (ex-showroom Delhi) the Pulsar NS160 is priced at Rs. 1,45,792 (ex-showroom Delhi). Both models will be available in 3 colours – Brooklyn Black, Pearl Metallic White, and Racing Red.

 

Business

Miltenyi Biotec opens first office in Hyderabad-Telangana Today

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Each year, more than 10,000 patients are treated with cell products using Miltenyi Biotec’s technologies

Published Date – 27 February 2024, 05:49 PM


Miltenyi Biotec opens first office in Hyderabad


Hyderabad: Miltenyi Biotec is launching operations in India with its first office and investing to set up Miltenyi Innovation and Technology Center as CGT Centre of Excellence (COE) in Hyderabad.

This COE will be one of its first in India where scientists, researchers, industry experts and clinicians can get classroom to hand on training on cell and gene therapy approaches right from proof of concept to pre-clinical or clinical development and commercialization.

Each year, more than 10,000 patients are treated with cell products using Miltenyi Biotec’s technologies. More than 950 investigational new drug (IND) applications as well as investigational device exemptions (IDE) with the U.S. Food and Drug Administration (FDA) are using Miltenyi Biotec’s technologies and platforms, a press release said.

“Miltenyi Biotec seeks to help bring new therapies to patients with high unmet medical needs,” said Dr. Boris Stoffel, Managing Director, Miltenyi Biotec. The company intends to seek opportunities to catalyze the development of Chimeric Antigen Receptor (CAR) T cell clinical development and manufacturing, with the prospect of bringing centralized and point-of-care CAR T cell therapy to hospitals across India, he added.

Business

Russia to ban gasoline exports for six months from March 1-Telangana Today

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The restriction will not apply to the countries in the Eurasian Economic Union

Published Date – 27 February 2024, 03:26 PM


Russia to ban gasoline exports for six months from March 1


Moscow: Russia will introduce a six-month ban on gasoline exports, beginning March 1, a spokesperson for Russian Deputy Prime Minister Alexander Novak said on Tuesday.

Talking to reporters, the spokesperson said the move aims to offset the growth in demand in spring and summer and another possible measure is to increase the diesel sales rate on the stock exchange to 16 per cent, Xinhua news agency reported.

The restriction will not apply to the countries in the Eurasian Economic Union, the report said.

Previously, Russia introduced a ban on gasoline exports from September 21 to November 17 in 2023 to stabilise the price situation in the domestic motor fuel market.

The ban was lifted after the domestic fuel market reached saturation and a supply surplus was established.

Business

Smart home gym ‘Aroleap’ bags Rs 1 cr deal with four sharks-Telangana Today

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Debuting on ‘Shark Tank India 3’, Aroleap which is an all-in-one wall mounted home gym solution, covers full-body workouts.

Published Date – 27 February 2024, 11:31 AM


Shark Tank India 3: Smart home gym ‘Aroleap’ bags Rs 1 cr deal with four sharks


Mumbai: The IIT Delhi alumni’s brainchild ‘Aroleap’, an all-in-one smart home gym, has bagged a deal of Rs 1 crore with four sharks on the entrepreneurial reality show ‘Shark Tank India 3’.

Debuting on ‘Shark Tank India 3’, Aroleap which is an all-in-one wall mounted home gym solution, covers full-body workouts.

Designed by IIT Delhi alumni, including Anurag Dani, Aman Rai, and Rohit Patel, it is the answer to simplifying fitness for all, bringing personalised training and full-range workouts right to your doorstep.

The exercises possible on Aroleap are — squats, deadlift, bench press and others. They sought Rs 1 crore for 2.5 per cent equity from the sharks.

Aroleap addresses the pressing need for accessible, data-driven personal training, empowering individuals nationwide to embrace a healthier lifestyle.

The brand aims to democratise fitness by streamlining workout routines and ensuring optimal results with its flagship product, a wall-mounted strength training machine.

Boasting over 100 gym exercises consolidated into a single compact unit, Aroleap transcends the limitations of traditional home gyms.

The pitchers sealed a deal of Rs 1 crore for 5 per cent equity with sharks Amit Jain (CEO and Co-founder of CarDekho Group), Anupam Mittal (Founder and CEO of Shaadi.com), Azhar Iqubal (Co-founder and CEO of Inshorts), and Peyush Bansal (Co-founder and CEO of Lenskart.com).

Talking about their experience, Aman Rai said: “Appearing on Shark Tank with our brand Aroleap was an experience like nothing before. Even though we had a lot of pitching experience, it was our first time in front of the camera, pitching in such a high-pressure setting.”

“Sharks were able to see through the business and identify the problems by asking the right questions. They gave us deep, non-superficial and specific actionable advice within a span of an hour. It was the first time when we got to self-reflect on softer aspects of leading a startup and have already started working on their feedback,” he added.

‘Shark Tank India 3’ streams on Sony LIV.

Business

Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank-Telangana Today

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PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and former IAS officer Rajni Sekhri Sibal, Paytm said in a regulatory filing on Monday.

Updated On – 26 February 2024, 08:38 PM


Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank


Mumbai: Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted.

The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank.

PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and former IAS officer Rajni Sekhri Sibal, Paytm said in a regulatory filing on Monday.

These persons had recently joined as Independent Directors, it said.

One 97 Communications Ltd (OCL) is the owner of the Paytm brand.

“The company has been separately informed that Vijay Shekhar Sharma has also resigned from the Board of Paytm Payments Bank to enable this transition. PPBL has informed us that they will commence the process of appointing a new Chairman,” the filing said.

OCL supports PPBL’s move of opting for a board with only independent and executive directors by removing its nominee, it added.

“PPBL’s future business to be led by a reconstituted Board,” the filing stated.

Business

Sensex falls over 158 points in early trade on Monday-Telangana Today

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The 30-share Sensex dropped 158.57 points, or 0.22%, to 72,984.23, while the broader Nifty fell 33.20 points, or 0.15%, to 22,179.50.

Published Date – 26 February 2024, 01:10 PM


Sensex falls over 158 points in early trade on Monday


Mumbai: Equity benchmark indices opened on a negative note on Monday, with Sensex falling over 158 points in early trade amid mixed global trends.

The 30-share Sensex fell 158.57 points or 0.22 per cent to 72,984.23 points while the broader Nifty slipped 33.20 points or 0.15 per cent to 22,179.50 points.

As many as 20 Sensex constituents were in the red, with Asian Paints falling over 3.60 per cent while Wipro, Titan and Tech Mahindra dropped more than 1 per cent.

In the Nifty pack, 31 stocks were trading lower.

Sensex and Nifty closed marginally lower on Friday.

Deepak Jasani, Head of Retail Research at HDFC Securities, said Asian shares were mixed near seven-month highs on Monday as investors awaited inflation data from the US, Japan, and Europe that will help refine expectations for future rate moves.

“China’s new home prices fell for the seventh month in January, leaving sentiment fragile as policymakers’ efforts to restore confidence in the debt-ridden sector struggled for traction,” he said.

On Friday, Foreign Institutional Investors (FIIs) were net buyers as they purchased securities worth Rs 1,276.09 crore.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “Sustained buying by DIIs (Rs 21,700 crore in February so far) supported by HNIs and retail investors has completely eclipsed the FII selling. FIIs have lost in this tug of war with DIIs since the market has been scaling new highs despite FII selling.”

Business

Rupee gains 2 paise to 82.89 against US dollar-Telangana Today

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In interbank forex trading, the local currency opened at 82.88 and edged slightly to 82.89 against the US dollar, marking a 2 paise increase from the previous close.

Updated On – 26 February 2024, 12:38 PM


Rupee gains 2 paise to 82.89 against US dollar


Mumbai: The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Monday on the back of foreign funds inflow and retreating crude oil prices in the overseas market.

Forex traders said subdued equity market sentiment and strengthening American currency weighed on the domestic unit.

Also, they said investors adopted cautious approach ahead of inflation and other macroeconomic data to be released in India as well as in the US later this week.

At the interbank foreign exchange, the local currency opened at 82.88 and slipped further to 82.89 against the greenback, registering a gain of 2 paise from the previous close.

On Friday, the rupee settled 6 paise lower at 82.91 against the US dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was 0.06 per cent higher at 103.92.

Brent crude futures, the global oil benchmark, was trading 0.45 per cent lower at USD 82.25 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 219.37 points or 0.30 per cent lower at 72,923.43 points. The broader NSE Nifty declined 51.10 points or 0.23 per cent to 22,161.60 points.

Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased worth Rs 1,276.09 crore, according to exchange data.

India’s forex reserves declined USD 5.24 billion to USD 617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday.

Business

I’m still the CEO, management remains unchanged: Byju Raveendran-Telangana Today

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Byju Raveendran said that the management remains unchanged, the Board remains the same and the rights issue has “seen an overwhelming response.”

Published Date – 24 February 2024, 10:12 PM


I’m still the CEO, management remains unchanged: Byju Raveendran

Byju Raveendran

New Delhi: Edtech company Byju’s founder Byju Raveendran on Saturday refuted reports of being fired from the company, saying such rumours were greatly exaggerated and he remains at the helm.

In an email sent to employees and accessed by IANS, Byju Raveendran said that the management remains unchanged, the Board remains the same and the rights issue has “seen an overwhelming response.”

His reaction came a day after key shareholders in Byju’s like Prosus NV and Peak XV Partners voted to oust him as CEO at the Extraordinary General Meeting (EGM), saying that the stakeholders “unanimously passed all resolutions put forward for vote.”

In the email to staff, Byju Raveendran said that it was “business as usual” at the company.

“Just as you can’t change the rules of a game midway without agreement from all players, we can’t alter how our company is run without following these strict guidelines. At the EGM, a lot of these essential rules were violated. This means that whatever was decided in that meeting does not count, because it didn’t stick to the established rules,” he wrote.

Byju Raveendran claimed that the EGM was convened without following the proper procedure set out by the law and the Company’s Articles of Association.

“Only 35 out of 170 shareholders (representing around 45 per cent of shareholding) voted in favour of the resolution. That in itself shows the very limited support that this irrelevant meeting received,” said Byju’s CEO.

Additionally, he said the Karnataka High Court had granted interim relief, “clearly stating that any decisions made during the meeting would not be given effect until resolution.”

He said that regardless of this “uncalled-for drama”, the management was devoting its full attention to the company’s operations.

The EGM was called by select investors to oust Byju Raveendran from the company, which is facing regulatory hurdles amid a cash crunch.

On Wednesday, the Karnataka High Court ordered that any resolutions, to be passed in the EGM, would not hold ground until the final hearing and disposition of the petition on March 13, filed by Think & Learn Private Ltd, the parent company of Byju’s.

Business

Adani Group, Uber to form JV to help expand fleet on green energy?-Telangana Today

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The Adani Group is likely to explore partnerships with major Indian vehicle manufacturers to further build the fleet in the key sunrise sector.

Published Date – 24 February 2024, 06:02 PM


Adani Group, Uber to form JV to help expand fleet on green energy?

Photo: X

New Delhi: In a thrust to the government’s green energy goals, the Adani Group and Uber may soon announce a joint venture (JV) to help the global ride-hailing major expand its fleet that runs on alternative and renewable energy, sources said on Saturday.

With this, Uber’s fleet in the country is likely to grow to 200,000 vehicles in the short term, people close to the development told IANS.

According to sources, the Adani Group is likely to explore partnerships with major Indian vehicle manufacturers to further build the fleet in the key sunrise sector.

This JV will also provide employment opportunities to several thousands of people directly and indirectly, according to people close to the matter.

On Saturday morning, Adani Group Founder and Chairman Gautam Adani met Uber’s global CEO Dara Khosrowshahi and discussed future collaborations, as the country doubles down on green and sustainable energy.

“Absolutely captivating chat with @dkhos, CEO of @Uber. His vision for Uber’s expansion in India is truly inspiring, especially his commitment to uplifting Indian drivers and their dignity,” Gautam Adani posted on X.

“Excited for future collaborations with Dara and his team,” Gautam Adani added.

Replying to Gautam Adani, Khosrowshahi said the company is committed to scale up its operations in the country.

“An absolutely terrific conversation with @gautam_adani over a delicious breakfast about India’s phenomenal growth and rising entrepreneurship,” Khosrowshahi posted on X.

Uber came to India in 2013 and completed over 3 billion trips in the next 10 years. Today, Uber is available across 125 cities.

According to the company, it has helped “over 800,000 Indians earn a sustainable income by getting in the driver’s seat”.

The significant collaboration comes at a time when India is implementing the world’s largest renewable energy expansion programme, envisaging a five-fold increase in the overall renewable energy production capacity.

Prime Minister Narendra Modi has set a target to install 500 GW renewable energy capacity by 2030.

India is also uniquely poised to emerge as a prominent global leader in the production of green hydrogen, not just based on its abundant renewable energy resources and the benefits of one of the world’s lowest costs of regeneration, but also because of its R&D ecosystem and the framework designed for R&D in cross-cutting sectors of hydrogen production, transport, electrolyse manufacturing, support infrastructure, fuel cell EVs, storage and utilisation.

The government is also expanding and strengthening the EV ecosystem by supporting manufacturing and charging infrastructure. The focus on boosting EV charging stations will drive sales of both vehicles and charging infrastructure.

Additionally, government initiatives like the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme further incentivise EV adoption.

The clean energy industry hailed the government’s latest push towards ‘green growth’ with a new scheme of bio-manufacturing and bio-foundry, announced during the Interim Budget presented earlier this month, which will foster sustainable mobility.

The government said that such steps will provide environment-friendly alternatives, such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri inputs.

“This scheme will also help transform today’s consumptive manufacturing paradigm to the one based on regenerative principles,” said Union Finance Minister Nirmala Sitharaman.

Business

Byju’s shareholders vote to remove CEO and family-Telangana Today

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Prosus – one of the six investors who had called the extraordinary general meeting – in a statement said “shareholders unanimously passed all resolutions put forward for vote

Published Date – 23 February 2024, 07:34 PM


Byju’s shareholders vote to remove CEO and family

Photo: X

New Delhi: More than 60 per cent of shareholders of edutech Byju’s on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged “mismanagement and failures” at what was once India’s hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as “invalid”.

Prosus – one of the six investors who had called the extraordinary general meeting (EGM) – in a statement said “shareholders unanimously passed all resolutions put forward for vote.

“These included a request for the resolution of the outstanding governance, financial mismanagement and compliance issues at Byju’s; the reconstitution of the board of directors, so that it is no longer controlled by the founder of T&L; and a change of leadership of the company.” Raveendran and his family stayed away from the EGM, calling it “procedurally invalid.” However, the outcome of the vote at the EGM will not be applicable until March 13, when the Karnataka High Court will next hear Raveendran’s plea challenging the move by certain investors to call the EGM.

The High Court on Wednesday had refused to stay the EGM, called by shareholders collectively holding more than 32 per cent stake in Think & Learn (T&L) – the firm that operates Byju’s, but any resolution passed shall not be given effect till the next date of hearing.

Raveendran and family own 26.3 per cent in the company.

Byju’s in a statement, issued even before the EGM results were declared, said it “?rmly declares that the resolutions passed during the recently concluded EGM — attended by a small cohort of select shareholders – are invalid and ineffective. The passing of the unenforceable resolutions challenges the rule of law at worst.”