Business & Economy – Page 38 – Global Records India

** Pricol partners with US-based company

utomotive technology major Pricol has announced a strategic technology partnership with Sibros Technologies, a California-based company that provides Over-the-Air (OTA) connected vehicle software systems for OEMs worldwide.

A press release from Pricol said the partnership is to deliver deep connected vehicle solutions in Indian and ASEAN markets.

The connected, all-in-one platform of Sibros will complement Pricol’s suite of products on Driver Information Systems (DIS) and telematics.

Vikram Mohan, Managing Director of Pricol said, “Connectivity and innovative mobility services are critical components of our strategy to enable software-powered products and solutions for our customers. We believe that the next generation of connected vehicles will be software and data-intensive, and will require a comprehensive suite of cloud and in-vehicle software to introduce new features and keep them updated to maximise performance, efficiency, safety and security. In Sibros, we have found an ideal partner who brings the best of Connected Vehicle suite of solutions with a global perspective.”

Pricol is a very strong player in the Indian market, and we intend to bring together complementary products, strong domain expertise, cutting edge technologies and qualified teams to create deep connected vehicle solutions,” said Hemant Sikaria, CEO and Co-Founder of Sibros Technologies, in the press release

Tamil Naduj / US

** Roll call at Indian restaurants abroad

MTR in London, Sona in New York, Tres Ind in Dubai — with more Indian restaurants opening internationally.

Spanking new openings, however, are reporting housefuls every day, from Sona (Priyanka Chopra’s New York restaurant), MTR and Chourangi in London (the latter being Anjan Chatterjee’s Calcutta special eatery), to Très Ind in Dubai — not new but newly anointed as the number four swish space on the prestigious World’s 50 Best in MENA (Middle East North Africa). What is the reality behind the scenes? Are they finding it tougher to get staff, or is the new world order seeing (or expecting) easier hires from India, as countries with shortages make work visas easier?

** Bosch acquires 26% stake in Autozilla to ease auto spares procurement in India

Autozilla’s eCommerce platform will be integrated with Bosch’s digital platforms to enable a smooth ordering of spare parts from workshops to distributors

Bosch, a technology and services provider in the mobility ecosystem, has acquired a 26% stake in Autozilla Solutions to streamline and expand digital B2B marketplace for independent aftermarket (IAM) services in India.

Telangana-based Autozilla is a B2B eCommerce marketplace platform for auto spares, consumables, tools, garage equipment and accessories.

Karnataka / Telangana

** Biological E’s Covid-19 vaccine ‘Corbevax’ receives emergency use approval for 12-18 age group

The Drugs Controller General of India (DCGI) on Monday granted final approval to Biological E’s COVID-19 vaccine Corbevax, for children between 12-18 years of age in India.

Till now India has been administering Bharat Biotech’s Covaxin to teens between 15 and 18 years old since January 3.

The EUA, short for emergency use authorisation, for Corbevax’s restricted use in emergency among adults was cleared by the regulator Drugs Controller General of India in December 2019.

** India records highest-ever annual FDI inflow at $81.97 bn in 2020-21

India, in the last seven financial years (2014-21), has received FDI inflow worth $440.27 billion which is nearly 58 percent of the total FDI reported in the last 21 years ($763.83 billion) the Parliament was told on Friday.

India registered its highest-ever annual FDI inflow of $81.97 billion (provisional figures) in 2020-21 despite the COVID-related disruptions, Minister of State for Commerce and Industry Anupriya Patel told the Rajya Sabha in a written reply.

This indicates increasing inclination of global companies to set up their business in India, she added.

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** Tier I investor visa, recently scrapped by UK, has helped 254 Indian millionaires, including Nirav Modi

According to a report released by a UK-based anti-corruption charity, Indians have ranked as the 7th nationality of the super-rich to have availed this visa between 2008 to 2020.

** First-of-its-kind patent for flywheel-based tech granted to Telangana couple

The first such in the world, claims patentee

For the first time in the country, probably in the world, a patent has been issued to flywheel-based power generation, the first-of-its-kind fuel-less power generation technology.

The Kinetics Associated Mass Mechanical Applications (KAMMA) — heat, work and internal energy transfers from one object to another — are applied to KAMMA gear flywheel power generation method. The patent office said the date of filing of the patent (patent application number 201941039749 and patent number 382243) was October 1, 2019, and it was granted on November 22, 2021.

The patent was issued to Chaganti Srinivas Bhasker and Chaganti Bala, a couple who had worked on the subject for the past three decades. “It is hereby certified that a patent has been granted to the patentee for an invention entitled ‘Kamma Gear Flywheel Power Generation and Multiplication and Storage’ as disclosed in the above mentioned application for the term of 20 years from the 1 ^stday of October 2019 in accordance with the Patents Act 1970,” reads the certificate.

** GI tag sought for Panruti cashews

Panruti cashews are unique in nature because of the taste and quality, says TNCPEA secretary

The Tamil Nadu Cashew Processors and Exporters Association (TNCPEA) has applied for a Geographical Indication (GI) tag for Panruti cashews. The MSME Intellectual Property Facilitation Centre of National Bank for Agriculture and Rural Development’s Madurai Agri Business Incubation Forum acted as the facilitator for filing the tag.

According to the secretary of TNCPEA, M. Ramakrishnan, “We have been pushing for the GI tag for Panruti cashews and the Tamil Nadu government was also keen to get the same for traditional unique produces from the district including Panruti jackfruit and cashews.”

** India, France sign roadmap to enhance bilateral exchanges on blue economy and ocean governance

Agreement was signed during External Affairs Minister Jaishankar’s three-day visit to France which began on February 20 with bilateral talks with his French counterpart Jean-Yves Le Drian

India and France have inked a roadmap to enhance their bilateral exchanges on the blue economy and forge a common vision of ocean governance based on the rule of law and cooperate on sustainable and resilient coastal and waterways infrastructure.

** Indigo tests sustainable aviation fuel

The plane – which took off from Toulouse in France and landed at the Indira Gandhi International Airport – had a blend of 10% SAF and 90% normal fuel

IndiGo on Friday tested a flight with 10% blend of sustainable aviation fuel (SAF).

Its brand new A320 Neo flew from Toulouse in France on Thursday and landed at the Indira Gandhi International Airport on Friday powered by a blend of SAF.