20th January 2025, New Delhi

Recent executive order by Biden- Harris Administration restricting access of AI Chips to non-key allies countries of US has come at a time when Govt. of India has floated a tender to procure 10,000 GPUs (AI Chips) under its ambitious Rs. 10,000-crore AI (Artificial Intelligence) Mission. Though India is not into list of countries (tier-III) for which access of US AI Chips have been fully restricted, but it is into tier-II category of countries for which access of US AI Chips got conditionally restricted.

Giving its analyst insights on this recent executive order of Biden-Harris administration for regulating access of AI Chips (which includes GPUs), Analyst firm 5 Jewels Research has said that though there won’t be immediate impact on the Indian AI Mission, as India being placed in tier-II category of countries for which restrictions are conditional, and allowed to procure upto 50,000 advanced GPUs, while Indian AI Mission requires procurement of only 10,000 GPUs, but other access conditions related with usages of these procured AI Chips from US may requires India to negotiate for its Sovereign AI ambitions with incoming Trump Administration.

Giving his insights Chief Analyst of 5 Jewel Research at Innogress Mr Sumant Parimal, who is a Global thought leader on Quantum & AI (Artificial Intelligence), has said “For India, recent AI chip export restrictions by US has mixed impact on Indian AI ambitions. At one end upto 50,000 GPUs exports are allowed by US for tier-II countries like India, hence existing requirements of India AI Mission to procure 10,000 GPUs through recent AI Mission tender floated by Govt. of India, where most of the bidders have proposed US based OEMs AI Chips, MeitY won’t hit any GPUs procurement cap restrictions as imposed by US Federal Govt., however at other end recent US AI Chip regulations imposes some restrictions on usages of these AI Chips, and ban its application in developing strategic AI applications in sectors like defense. Thus, even India AI mission succeed in procuring GPUs from US based chip makers like NVIDIA, AMD, Intel, but the AI systems built over those AI Chips can’t be termed as Sovereign AI as its usages, users and applications are likely to subject to US regulations”.

“With some cooling off period available before this executive order of Biden- Harris Administration on AI Chip gets enforced fully, in-coming Trump Administration has option to review the same, and this opportunity should be used by India to negotiate with the new Trump Administration to keep India into tier-I countries category, which is for key allies of US, under which no restriction exists as far as AI Chip supply is concerned. This essentially means that India should Negotiate for Sovereign AI With Trump Administration” adds Mr Sumant Parimal.

Point to be noted is that the 19 companies that submitted proposals for the government of India’s Graphics Processing Units (GPU) tender under India AI Mission, have offered a variety of GPUs from Nvidia, Advanced Micro Devices (AMD), and Intel, which essentially indicates that India AI Mission is going to be 100% dependent on US based GPU OEMs, and may requires India to comply with the rules and regulations laid out by the Federal Govt. of US for exporting AI Chips. And 5 Jewels Research Analyst believes that emergence of such regulations on supply of US based OEM’s AI Chip may delay India’s ambition to build its own Sovereign AI through on going India AI Mission.

Kolkata / New Delhi, 18th January, 2025: Motovolt Mobility Pvt. Ltd,a leading player in the electric mobility sector, unveiled an innovative new species of electric vehicles at the Auto Expo 2025. This launch marks the beginning of a new category rooted in a purpose-built design philosophy aimed at addressing urban India’s most pressing mobility challenges, including technology-driven trade-offs, last-mile delivery inefficiencies, accessibility issues, and the increasing demand for eco-friendly commuting solutions.

India’s EV market is rapidly growing, projected to expand from USD 8 billion in 2023 to an impressive USD 117 billion by 2032. Motovolt’s new range taps into this potential with advanced solutions that cater to both individual commuters and commercial logistics needs. The vehicles combine cutting-edge technology with user-centric design to unlock new efficiencies and opportunities.

The showstopper of the range is the Hyper One, India’s first digital pedal motorbike, designed to thrill. It addresses a significant user expectation gap that exists with current EV technology, which often fails to offer manually controlled power on demand—a feature typical in internal combustion engine (ICE) vehicles. This motorcycle pairs advanced propulsion from a foot-operated digital pedal with a powerful 5 kW motor, delivering breakneck acceleration from 0-40 km/h in seconds. With a top speed of 110 km/h, a range of 105 km, and peak torque of 90 Nm, the Hyper One is a revolution. Its hybrid design combines the agility of a bike with the power of a motorcycle, creating an exhilarating experience that redefines e-motorbiking in India.

Leading this new era, the HUM NYC is India’s first multi-utility speed pedelec, tailored for the intense demands of New York City’s last mile delivery riders. Offering a 42 km/h top speed, 200 kg of payload, along with a 130 km riding range on a single charge, and compatible with advanced battery-swapping technologies that operate in NYC, offering BaaS for the end users. This indeed is a significant advancement in last-mile delivery solutions that will soon be seen on the streets of NYC.

Designed to handle multiple utility functions, the M7 is perfect for transporting goods, making it a valuable asset for logistics, while also providing a comfortable and efficient ride for personal commuting. Its sporty design, combined with practicality, makes it equally well-suited for business and family use, offering a flexible, attractive, and reliable transportation option for a variety of needs.

The M7 Rally is a sporty and attractive version of M7, a versatile vehicle that combines reliability, robustness, and safety, bridging the gap between scooters and motorcycles. With an impressive acceleration of 0-40 km/h in just 3 seconds, a top speed of 80 km/h, and a range of over 120 kilometers, it offers an ideal solution for both personal and professional use.

Designed with the utmost consideration for safety and accessibility, these slow-speed e-two-wheelers are ideal for students, homemakers, and senior citizens, ensuring mobility is a convenience that everyone can enjoy. Unique in both form and function, these models offer a 25 km/h top speed and high torque, capable of carrying higher payloads or pillion riders without a power deficiency, even while climbing a flyover.

● CLIP: This plug-and-play portable device works magic in the blink of an eye and is an innovation without precedent. With the best design complemented by state-of-the-art technology, CLIP is the world’s smallest and most convenient e-bike conversion kit. It can instantly convert any bike into an e-bike, allowing you to enjoy e-biking without changing the brand of your bike.

Speaking about this, Tushar Choudhary, Founder & CEO of Motovolt, “Our latest EV range isn’t just about new products—it’s a leap toward creating a more inclusive, sustainable urban mobility ecosystem. Every vehicle we design is a step closer to achieving India’s ambitious EV penetration goals while offering unmatched value to our users. We aim to inspire a shift in how cities move, work, and live.

Motovolt’s impact extends beyond product innovation. With over 25,000 vehicles already deployed across India, the company has offset more than 142,000 kg of carbon emissions to date. This new range is set to amplify this positive impact, supporting the government’s ambitious target of achieving 30% EV penetration by 2030.

Bengaluru(S.N): In a groundbreaking move that is set to revolutionise the landscape of education in India, Pearl Academy, the country’s leading creative education institutions, has launched India’s first Meta Campus at Comic Con Bengaluru 2025. This initiative marks a historic milestone in the institution’s 32-year legacy, pushing the boundaries of education by integrating cutting-edge technology with creativity in a fully immersive virtual environment.

The Pearl 2.0 Meta Campus takes the educational experience to unprecedented heights, offering visitors the chance to explore the institution’s diverse offerings, including programs offered, introduction to the faculty, student project showcase, student engagement events, and much more – all within a futuristic metaverse. It’s not just a campus; it’s an experience, designed to transform how we learn, engage, and interact in the world of education.

In a first-of-its-kind concept, the Meta Campus serves as a digital twin of Pearl Academy’s physical campus, spread across a series of immersive zones. Each zone represents different academic disciplines, complete with interactive touch points such as a virtual counsellor that answers real-time queries, 3D installations, live fashion shows, student work showcases, ‘spin the wheel’ activities, coin smash challenge, photo booth, and more. Visitors at Comic Con had the unique opportunity to experience the Meta Campus firsthand, using VR headsets for an even deeper, more immersive journey into the future of education. They interacted with the Virtual Counsellor and competed for exciting merchandise in the Coin Smash Challenge, an interactive game within the Meta Campus.

Talking about the launch, CB Arun Kumar, Dean, Communication Design, Film and Gaming at Pearl Academy, said “We are absolutely thrilled to launch India’s first Meta Campus at Comic Con Bengaluru 2025. This initiative is a testament to Pearl Academy’s commitment to staying at the forefront of creative education. As the OGs of creative education in India, Pearl Academy has carved a niche by nurturing creativity and equipping students with the skills to thrive in the dynamic worlds of Communication Design, Product Design, Fashion, Interiors and Business Management. Through this immersive virtual experience, we are embracing the future of learning, where technology and creativity converge to provide our students with an exceptional, future-ready educational experience.”

The Pearl 2.0 Meta Campus is the latest in a series of innovations from Pearl Academy, which has consistently set new standards in creative education since its inception in 1993. Going LIVE on on January 18, 2025, the Meta Campus will be accessible to all.

Known for its global exposure, entrepreneurial focus, and technological expertise, the institution has maintained an impressive track record, with over 99% of its graduates securing great placements each year. Students at Pearl Academy campuses at Delhi West, Delhi South, Jaipur, Mumbai and Bengaluru will receive Bachelor’s and Master’s degrees effective 2024 intake from Rajiv Gandhi National Institute of Youth Development, a Government of India Institution of National Importance (like IIT, IIM, NID, AIIMS).

As technology continues to shape industries and societies, the institution’s Meta Campus is just the beginning of what promises to be a transformative journey for students preparing to enter the world of tomorrow.

With effect from October 1, 2024 Long-term Products are accounted on a 1/n basis, as mandated by IRDAI, hence Q3 & 9M FY2025 are not comparable with prior years.

• Gross Direct Premium Income (GDPI) of the Company was at ₹ 206.23 billion in 9M FY2025 compared to ₹ 187.03 billion in 9M FY2024, a growth of 10.3%, which was higher than the industry growth of 7.8%. Excluding the impact of 1/n, GDPI of the Company grew by 11.9% for 9M FY2025.
• • GDPI of the Company was at ₹ 62.14 billion in Q3 FY2025 as against ₹ 62.30 billion in Q3 FY2024, a de-growth of 0.3%, as against the industry growth of 9.5%. Excluding the impact of 1/n, GDPI of the Company grew by 4.8% for Q3 FY2025.
• Combined ratio was at 102.9% for 9M FY2025 compared to 103.7% for 9M FY2024.
• Combined ratio was at 102.7% in Q3 FY2025 as against 103.6% in Q3 FY2024.
• Profit before tax (PBT) grew at 42.8% to ₹ 26.53 billion in 9M FY2025 as against ₹ 18.57 billion in 9M FY2024.
• PBT grew at 67.3% to ₹ 9.60 billion in Q3 FY2025 as against ₹ 5.74 billion in Q3 FY2024.
• Capital gains was at ₹ 7.96 billion in 9M FY2025 as against ₹ 3.95 billion in 9M FY2024. Capital gains was at ₹ 2.76 billion in Q3 FY2025 as against ₹ 1.08 billion in Q3 FY2024.
• Consequently, Profit after tax (PAT) grew at 42.9% to ₹ 19.99 billion in 9M FY2025 as against ₹ 13.99 billion in 9M FY2024.

• • PAT grew at 67.9% to ₹ 7.24 billion in Q3 FY2025 from ₹ 4.31 billion in Q3 FY2024.
• Return on Average Equity (ROAE) was at 20.8% in 9M FY2025 compared to 17.1% in 9M FY2024.
• ROAE was at 21.5% in Q3 FY2025 compared to 15.3% in Q3 FY2024.
• Solvency ratio was 2.36x as at December 31, 2024 as against 2.65x as at September 30, 2024 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.62x as at March 31, 2024.

Operating Performance Review:

Ratios:

Guwahati, January 20, 2025: In a remarkable achievement, Assam’s favourite Purabi Dairy has recorded sales of over 2 lakh litres of milk and milk products per day during this Magh Bihu.

The record achievement marks a significant milestone in the dairy’s journey, reflecting the growing trust and preference of consumers for Purabi products. This surge in sales during Magh Bihu highlights the brand’s strong market presence and its ability to meet the heightened festive demand.

The dairy cooperative on Friday said that it achieved 35% higher sales volume as compared to last year’s Magh Bihu. The curd sales grew by a whopping 70% this year, underscoring the trust of the people of Assam. In the same period, cream sales also increased by 40% as compared to last year.

“We are happy to note that the people of the state love our products which are in fact made from milk produced by the farmers of Assam. This success reflects our consistent efforts in ensuring quality and expanding distribution networks,” said Mr. SM Hussain, Marketing Head, WAMUL.

Purabi Milk Booth inaugurated near Ganesh Mandir

On Friday, the dairy cooperative further strengthened their sales network by setting up a Purabi Milk Booth near Ganesh Mandir in Ganeshguri, Guwahati. The milk booth was inaugurated by Assamese actors Moloya Goswami, Sagarika Goswami and Debajit Mazumdar, director Achinta Sankar and director Atualananda Barman in presence of Sameer Kumar Parida, Managing Director, WAMUL and Satya Brata Bose, Managing Director, North East Dairy and Foods Limited (NEDFL). Franchisee of the booth Bhabarnab Jyoti Barman was also present on the occasion.

Speaking about the new booth, Mr. Sameer Kr Parida, Managing Director of WAMUL, said, “We are delighted to inaugurate the fifth Purabi Milk Booth in Guwahati today. The growing popularity of Purabi Dairy, not only in Guwahati but across Assam, has encouraged us to expand further. We plan to establish 10 more booths across Guwahati, ensuring our milk and milk products are more accessible to our valued customers.”

Parida further added, “What sets us apart is the freshness and quality of our products, sourced directly from farmers across Assam. This commitment to quality has been validated by our consumers, especially during Magh Bihu this year, when our milk and milk product sales reached an unprecedented 2 lakh litres per day. We remain confident in our growth trajectory and are dedicated to contributing to the vision of our Honourable Chief Minister and supporting the aspirations of farmers across Assam”.

WAMUL, which owns the cooperative brand Purabi, set up the milk booth under the World Bank funded APART Project of Government of Assam.

The booth, introduced under the Company Owned Franchisee Operated (COFO) model, will enable citizens to procure fresh milk and dairy products, including lassi, flavoured milk, ice-cream, curd, fresh cream, ghee, paneer, etc.

Mr. Satya Brata Bose, Managing Director of NEDFL, said, “Purabi products have always been warmly embraced by the people of Assam. Our newest offering, Purabi Flavoured Milk, was launched towards the end of summer last year as part of a strategic plan to ensure its availability across all our distribution points. While we anticipated positive reception, the overwhelming love and demand for this product have exceeded our expectations. Currently available at over 2,500 sales points, Purabi Flavoured Milk has achieved remarkable repeat sales, even during the winter months. With its extended shelf life, we are now poised to expand beyond state boundaries, leveraging our robust distribution network to bring this product to a wider audience.”

He further added, “We are deeply appreciative of the extensive support from the Government of Assam. The Honourable Chief Minister, Dr. Himanta Biswa Sarma, has approved the establishment of dairies in Jorhat and Dibrugarh, with plans to extend similar facilities to Silchar and Dhemaji. These initiatives will position the Purabi brand to handle 10 lakh litres of milk annually within the next seven years. The Assam Dairy Development Plan, approved by the Government, will play a crucial role in advancing cooperative dairy models. Under the guidance of the National Dairy Development Board (NDDB), WAMUL and EAMUL are already making significant strides, and plans are underway to establish a similar cooperative milk union for the Barak Valley. This development will not only strengthen the cooperative framework but also benefit over 1.75 lakh farmers across Assam, fostering sustainable growth in the dairy sector.”

Introduction of the prefabricated Purabi Milk Booths at various locations under APART Project was a strategic initiative to not only improve availability of Purabi milk and milk products and brand building but also presenting a unique business opportunity for aspiring entrepreneurs.

Similar booths were successfully installed at strategic locations like Janata Bhawan, Gauhati Medical College & Hospital (GMCH), opposite Assam State Zoo and Botanical Garden, and Indian Oil petrol pump at Khanapara. The dairy cooperative also opened two Purabi Parlours at Purabi Dairy premises in Panjabari and at the Purabi premises in Changsari, opposite AIIMS.

Combining modern aesthetics with operational efficiency, these booths are presently introduced under the Company Owned Franchisee Operated (COFO) model. Purabi looks forward to encouraging more and more entrepreneurs to set up such booths under such models. Such booths shall be set up not only in Guwahati but all across Assam.

Hyderabad, January 2025: Chowrangee, a new-age platform for arts and culture for the city of Hyderabad, has announced its inaugural event Raag-o-Rang, a mesmerizing evening of music and drama to be held on January 24, at 6 pm, at Shilpakala Vedika in Hi-Tech City.

Performing at the event will be Sounak Chattopadhyay, an acclaimed and popular Hindustani vocalist known for his remarkable ability to fuse the most ancient traditions of Indian classical music with modern music genres such as Bollywood, Ghazals and Rabindranath Tagore. His repertoire for the evening will include a special tribute to Mohammad Rafi on the occasion of his birth centenary.

The evening also brings to Hyderabad, for the very first time, Arpita Chatterjee, a celebrated theatre personality who will act as Gauhar Jaan in the multi-lingual solo musical My Name is Jaan. More than a century ago, the courtesan Gauhar Jaan became a sensation as the first Indian musician to be recorded on a gramophone. The immense popularity of her recordings made her a multi-millionaire; however, her life was anything but easy. Later at the instance of Mahatma Gandhi, Gauhar Jaan raised and contributed funds for India’s freedom struggle.

Raag-o-Rang Event Details:

Date: Friday, January 24, 2025, 6 pm sharp

Venue: Shilpakala Vedika, Hitech City

Bengaluru, 20 January 2025:  Myntra Beauty, one of India’s leading online beauty destinations, has launched its new campaign, “Discover the ‘U’ in Beauty,” featuring Bollywood actor and brand ambassador Anushka Sharma. This campaign champions curated beauty solutions, empowering individuals to find what truly works for them through Myntra Beauty’s innovative technology-led tools and top-notch selection. The campaign encompasses two key films, one focusing on makeup and the other on skincare, both emphasizing the importance of choosing products that suit specific needs and preferences.

The campaign highlights Myntra Beauty’s commitment to simplifying the beauty discovery journey. Recognizing that beauty isn’t one-size-fits-all, Myntra Beauty provides the resources and expertise to help customers navigate the vast world of beauty products and find their perfect match. Whether it’s finding the right shade of foundation or science-backed product for specific skin concerns, Myntra Beauty offers a shopping experience fit for every individual.

The first film focuses on makeup and addresses the common challenge of finding products that truly complement individual features. What’s trending or looks great on someone might not be the best fit for everyone. Myntra Beauty helps users navigate this by offering a vast selection of 60k makeup products across 500+ brands, including a wide range of D2C brands, combined with the Virtual Try-On (VTO) tool. Powered by cutting-edge technology, Myntra’s VTO tool offers a unique virtual beauty experience. With 30 trending looks for every occasion—from parties to weddings—users can effortlessly discover their perfect style, setting Myntra Beauty Beauty apart and simplifying the search for the perfect makeup products.

The second film shifts the focus to skincare, emphasizing the importance of choosing products based on specific skin concerns. The film is a humorous montage of women in different settings—a college play greenroom, an aerial yoga class, a bustling café—each playfully highlighting their unique skincare woes. One woman in the greenroom declares her frizzy hair has “main character energy,” while another, hanging upside down at yoga, laments that her skin “ghosts every moisturizer.” In the café, a woman chuckles that her fine lines are “writing their own story.” Just as with makeup, skincare doesn’t have a universal solution, and these scenes underscore that point. Anushka then enters the scene, overhearing these playful complaints and introducing the women to Myntra Beauty. She explains that Myntra Beauty “gets it,” emphasizing Myntra’s curated recommendations. The women, intrigued, gather around as Anushka demonstrates the app. Myntra Beauty celebrates individual skin needs with a vibrant selection of 40k skincare products across 1000+ brands designed for a wide range of concerns.

Myntra Beauty boasts an extensive selection of over 100,000 products, including names like M.A.C, Estee Lauder, Lakme, L’Oreal, Laura Mercier, among others. Myntra beauty also offers over 250+ made-in-india brands like Minimalist, Mcaffeine, The Derma Co, Foxtale and more.

Bollywood actor and Brand ambassador for Myntra Beauty, Anushka Sharma said, “I’m happy to be partnering with Myntra Beauty on this campaign. Discovering your personal style is key in beauty, and there’s no single formula that works for everyone. Myntra Beauty’s innovative tools, like the VTO and its wide selection of skincare products for everyone, are making this journey of self-discovery easier and more accessible than ever, allowing you to experiment and find your perfect match.”

Abhishek Gour, Director, Brand Digital Marketing at Myntra, said “We’re thrilled to have Anushka Sharma on board for this exciting campaign. Her elegance and relatability perfectly align with Myntra Beauty’s vision. With the launch of 30 new curated looks on our VTO tool, and a wide range of curated products we’re taking a significant step towards making shopping more personalized and convenient, helping customers make informed beauty choices. We believe this innovation and selection will revolutionize the way our customers discover and shop for beauty products.”

Ira G, Chief Creative Officer, Toaster India, said “Has beauty become a beast? An overwhelming number of choices coupled with confusion over what’s right for you makes it such. With Myntra’s Virtual Try-on and wide selections on the platform you get to experiment with over 2000 brands but buy only what looks good on you.”