Category: Business & Economy

KARNATAKA: TECHNOLOGY, IT & DIGITAL: Catch Them Young: HCL’s TechBee Career Programme to Hire 2,000 Class 12 Students in Karnataka

HCL Technologies is currently conducting walk-in training interviews across four cities – Bengaluru, Shivamogga, Hubballi and Mysuru – to hire Class 12 students.

HCL Technologies, an IT services and digital transformation solutions provider, is planning to hire over 2,000 fresh talent from Karnataka, under its ‘catch them young’ drive.

As part of its early career programme, TechBee, the firm is currently conducting walk-in training interviews across four cities — Bengaluru, Shivamogga, Hubballi and Mysuru — to hire Class 12 students. Students who have completed Class 12 in 2021 or 2022 with a minimum of 60% with Mathematics or Business Mathematics in their curriculum would be eligible to be part of this programme, the company said.

Bespoke training and mentoring

To offer bespoke training and mentoring initiatives, HCL has signed a Memorandum of Understanding with Karnataka Skill Development Corporation (KSDC) to train tech-savvy, enthusiastic individuals seeking to accelerate their careers in IT.

Subbaraman B, Vice President, HCL Technologies, said, “Under TechBee, we aim to hire the best talent, train them and enable them to achieve financial independence at the start of their career. So far, over 8,000 students have been selected for the TechBee programme across the country and are in various stages of their career journey with HCL.’‘

“We, at HCL, observed a lot of interest and potential in students in Karnataka as well. That is why we chose to do these walk-in drives in the state,’‘ he told The Hindu.

source/content: thehindu.com (headline edited)

NATIONAL: BUSINESS & ECONOMY/ MINING, DRONES: Tata Steel Signs MoU with Bengaluru Start-up Aarav Unmanned Systems (AUS) for Drone-based Mining Solutions, Analytics & Geo-Technical Mapping

Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geo-technical mapping, to Tata Steel group companies.

Domestic giant Tata Steel on Wednesday said it has inked a pact with a Bengaluru-based startup for drone-based mining solutions for effective mine management.

The primary goal of this collaboration is to jointly develop and offer sustainable and end-to-end integrated solutions that will focus on efficiency, safety, and productivity of open cast mining operations.

“Tata Steel has signed a Memorandum of Understanding (MoU) with Aarav Unmanned Systems (AUS), a Bangaluru-based startup, providing end-to-end drone solutions… for effective mine management,” the company said in a statement.

Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geo-technical mapping, to Tata Steel group companies across mining locations in India, it said.

On the partnership, D B Sundara Ramam, vice president, Raw Materials, Tata Steel, said: Drone survey enabled digitalisation and other technology will assist in gathering impactful and actionable insights. We see enormous potential in redefining core mining processes such as exploration and mine planning using drone data and adequate analytics.

source/content: business-standard.com (headline edited)

NATIONAL: KARNATAKA: SPORTS, SAILING : The Royal Mysuru Sailing Club (RMSC) hosts the ranking event ‘4th National Youth Championship 2022’

The National Youth Championship that concludes on August 4 is supported by the Yachting Association of India.

The Royal Mysore Sailing Club (RMSC) is hosting its 4th event on the KRS backwaters – the National Youth Championship – which was allotted to it by the National Federation- Yachting Association of India (YAI).

The event is a ranking event and will take place from July 29 to August 4.

The RMSC is also shortly launching a programme titled ‘Vision 2028 Olympics’ which is an endeavor directed towards producing Olympians from Karnataka, in line with the National Sports Policy launched by Prime Minister Narendra Modi, according to a release here.

Following the ranking event, RMSC is organising a National Fun Regatta event from August 4 to 7 which will help bring participants and visitors from across the country to come together and explore Mysuru as a tourist destination. By elevating Mysuru’s presence as a metropolis city and a noteworthy vacation spot, the event will also aid in boosting the city’s tourism, the release stated.

The Royal Mysore Sailing Club (RMSC) is also taking the initiative in launching a campaign directed towards the growth of Mysuru as a city. The campaign is titled ‘City of Sails’ which refers to the significance of sailing as a sport and the importance of the KRS backwaters associated with Mysuru.

The Royal Mysore Sailing Club (RMSC) is approved by the Karnataka State Sailing Association (KSSA) and the Mysore District Sailing Association (MDSA).

source/contents: thehindu.com (headline edited)

INTERNATIONAL: NATIONAL, KARNATAKA: AVIATION & DEFENCE: Hindustan Aeronautics (HAL) Signs $100m Contract with Honeywell for HTT-40 Engines

There is potential requirement of 70 aircraft.

Defence Public Sector Undertaking Hindustan Aeronautics Ltd (HAL) on Wednesday signed a contract worth over $100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40), the basic trainer aircraft

The contract was exchanged by Eric Walters, Senior Director OE Sales, Honeywell Defense & Space, and B Krishna Kumar, Executive Director (E & IMGT) in the presence of R Madhavan, Chairman & Managing Director, HAL.

Entering into this ‘Manufacturing & Repair license agreement for Honeywell TPE331-12B Turboprop engine’ marks a major milestone in the execution of 70 HTT-40 aircraft contract with IAF.

HAL is working closely with Honeywell for its support for export potential of HTT-40. HAL and Honeywell are exploring other areas such as 1MW Turbo Generators, manufacturing, Repair & Overhaul of TPE 331-10GP / 12JR engines for variants of Dornier.

“HAL has successfully developed the Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF.

source/content: newindianexpress.com (headline edited)

KARNATAKA: BUSINESS & ECONOMY: Women Members of Kanara Entrepreneurs (KE) Collaborate, Celebrate at 2nd Meet

The women members of Kanara Entrepreneurs (KE) gathered for their second meet on July 22 at Hotel Iris, to celebrate the central theme of the evening – Collaboration.

Following the KE prayers led by lead member, Reshma Saldanha, Leena Lobo, mentor of the KE women entrepreneurs group aptly set the tone for the evening by lauding the members present for being bold and beautiful – for having the courage to take on the roller coaster ride of entrepreneurship and for being beautiful inside out through all their relationships and phases in life.

Inspired by the welcome note and encouragement to participate whole heartedly in the meets, KE member, Laveena D’Souza facilitated an enjoyable ice breaker helping everyone get to know each other better by adding a short but memorable professional adjective to their names. It was gratifying for members to have their businesses and work seen, heard and acknowledged.

The elegant emcee for the evening, KE member Ranjeeta Greta Chatterjee deftly led to the guest speaker, Cherian Kuruvilla introduce by KE member, Uma Maheshwari. With over 4 decades of corporate experience and as an eminent coach and business mentor, Cherian succinctly shared powerful insights on the idea of #WeCommerce and Collaboration.

With active audience input, Cherian, delivered key collaborative ideas through mnemonics and prompts. He stressed on the importance of adjusting, adapting and leveraging each other’s strengths to successfully collaborate. Interestingly, he broke down the word, ‘Collaborate’ to include a host of values within it:

KE member, Manish Michael of Siel Blu India and his team energized the gathering with a demo of their adaptive fitness session using balloons as the prop of the day. Activities involved building lung capacity from blowing up the balloon, core strength, dexterity and balance through effective fun that hardly felt like exercise.

The table activity of the evening was prompted by an impromptu collaborative fun project that had initiated in the KE women entrepreneurs WhatsApp group a few weeks prior. The women members came out in high spirits and a giving attitude to offer their services to support a fellow member’s wistful desire for a beautiful wedding. KE member, Luvena Rangel, the bride in question, skilfully facilitated the ideation to develop a project using the resident businesses at every tables and present their business proposals. Projects that surfaced included an integrated event solution, a stress-free bridal package, a project bearing the initials of the businesses involved as well as one which focused on mental wellness.

Ranjeeta took the next few moments to highlight the achievements of the women members:

• Janice Pearl D’souza – Accredited as a professional facilitator with BYLD
• Luvena Rangel – Appointed as India chair for communication and advocacy for G100
• Vilina Sequeira – Honoured by Barkur Association of Bangalore for her contribution in recruitment in the hospitality industry.

Additionally, Laveena D’Souza was also acknowledged with a special prize to highlight her contribution towards the meet as the Best Networker Award.

The concluding bit on the agenda was a moment of warmth and gratitude where many women members took the opportunity to express their thanks to other members for both business leads and a listening ear. It is heart-warming to state here that the ripples of those shared words are echoing in the Women Entrepreneurs WhatsApp group even now.

The evening drew to a well-timed end with Leena’s closing message urging bonding and inviting more women to join KE. The strong ask for better participation from members in future events also made a resonant impact.

Needless to say, Friday evening was completed with a thorough celebration of collaboration with KE women entrepreneurs – a streamlined and focused agenda put together by the organizing committee that was well received and much appreciated

source/content: daijiworld.com (headline edited)

GLOBAL: KARNATAKA: Mysuru Chosen by United Nations Industrial Development Organisation (UNIDO) for Sustainable Cities Project

Climate-smart capital budgeting for MCC projects on the agenda.

A two-day workshop on climate-smart capital budgeting under the Sustainable Cities Integrated Approach Pilot (SCIAP) project of the United Nations Industrial Development Organisation (UNIDO), in association with the Ministry of Housing and Urban Affairs for the officials of the Mysuru City Corporation, got off to a start here on Monday.

Mayor Sunanda Palanetra inaugurated the workshop while Nand Pal Singh, Senior Technical Advisor, UNIDO, spoke about the project.

The SCIAP is being implemented in Mysuru and four other cities – Vijayawada, Guntur, Bhopal and Jaipur – by UNIDO with funding assistance from the Global Environment Facility (GEF). The technical assistance activity supports MCC officials and technical staff with enhanced capacity to produce capital investment plans with a specific focus on climate-smart and resilient attributes and make effective financial decisions for the investment plans, a release said.

UNIDO has partnered with the University of Washington (Seattle) in executing the capital budgeting exercise. The team of Janice Whittington, Adrienne Greve from California State Polytechnic University, and Sujatha Srikumar introduced an Excel-based capital investment planning model on day 1 of the workshop, offering a step-by-step process for energy auditing, carbon emission forecasting, and lifecycle cost analysis for select projects of MCC, according to the release.

source/content: thehindu.com (headline edited)

NATIONAL: HEALTH & MEDICAL SERVICES, DRUG PATENT: Bengaluru-based firm Synergia Biosciences Develops a nanoemulsion intra-nasal platform for Brain-Related Disorders and gets International Patent

City-based Synergia Biosciences unveiled a nanotechnology-based intra-nasal platform of medicine for brain-related disorders.

It has acquired patents for the same in the United States of America, the European Union, India, and Japan. 

Synergia Biosciences said they have developed the platform in which lipophilic drugs can be dissolved for the intra-nasal spray mode of administering to patient.

“We have patented the composition of the platform and the process to arrive at that,” Sambratha Shetty, Chief Operating Officer, Synergia Biosciences said. 

The nanoemulsion platform presently is best suited to treat various brain-related disorders from cluster headaches, migraine, schizophrenia, dementia, epilepsy, Alzheimer’s and vertigo, binge drinking, depression, among others.

“One of the biggest challenges in drugs treating brain-related disorders is that it is very difficult to make the drug reach the target area. But with the intra-nasal route, it bypasses the first pass metabolism, increases bioavailability of the drug, and causes rapid absorption (less than 5 minutes),” Ms. Shetty explained.

Synergia has stabilised the nanoemulsion for four drugs: two antipsychotic ones, an analgesic, and an antiemetic. The same platform can be tweaked to carry vaccines and insulin, Synergia claimed. 

“The technology is non-invasive and mainly cost-effective. It is an affordable way to treat multiple diseases. This is a strategic technology which will help India treat multiple diseases at an affordable cost,” said Tobby Simon of Synergia Foundation.

source/content: thehindu.com (headline edited)

NATIONAL: INNOVATION: Karnataka Tops NITI Aayog’s ‘India Innovation Index 2022’

Report suggests steps to secure a place in Global Innovation Index’s top 25 nations.

Karnataka has bagged the top rank in NITI Aayog’s India Innovation Index, 2022, which determines innovation capacities and ecosystems at the sub-national level. The State has held this position, under the Major States category, in all three editions of the Index so far.

In the Index released on Thursday, Manipur secured the lead in the Northeast and Hill States category, while Chandigarh was the top performer in the Union Territories and City States category.

Karnataka was followed by Telangana, Haryana, Maharashtra and Tamil Nadu. Chhattisgarh, Odisha, Bihar and Gujarat were at the bottom of the index.

Pointing out that India’s average innovation score is arguably insufficient, given the country’s ambitious targets to be named among the top 25 nations in the Global Innovation Index, the report by the government think tank has recommended measures, such as increasing Gross Domestic Expenditure on R&D (GDERD), promoting private sector participation in R&D and closing the gap between industry demand and what the country produces through its education systems.

The report went on to state that countries that spend less on GDERD fail to retain their human capital in the long run and the ability to innovate is dependent on the quality of human capital; India’s GDERD as a percentage of GDP stood at about 0.7%.

source/content: thehindu.com (headline edited)

INTERNATIONAL: INVESTMENT, BUSINESS & ECONOMY, ENGINEERING: Global Multi-National Pratt and Whitney (PW) to Set up Engineering Centre in Bengaluru Making it their First such Facility in the Asia-Pacific region.

To be operational in 2023, facility will be the fifth globally.

Aircraft engine maker Pratt & Whitney (PW) on Monday said it will set up an engineering centre in Bengaluru, that is slated to commence operations in January 2023.

The centre, which will be its first facility in Asia Pacific and fifth globally, will enable the firm to offer engineering services on contract to its domestic and international customers, a spokesperson said.

PW’s integrated global engineering operations currently has centres in the United States, Canada, Puerto Rico and Poland.

source/content: thehindu.com (headline edited)

KARNATAKA: ARTS & CULTURE: New Book ‘Vasane’ by Indu Antony takes the Reader on an Olfactory Journey of Bengaluru Through the Nose.

City-based artist and author Indu Antony’s book Vasané, takes readers on an olfactory journey of Bengaluru.

You  must have heard that scents are more closely linked to our memories than pictures or sounds. The smell of the filter coffee you shared with your friends after an exhausting lecture, remembering the perfume your first love interest wore, or remembering home every time you smell your mother’s signature dish being cooked, all trigger memories. It’s not only our fondest memories that are drenched by smells, but so is our city.

In her book Vasané (smell in Kannada), artist and author Indu Antony captures the many smells that make up the city of Bengaluru.

“Every city has its distinct smell. Mumbai, Goa, all these cities have smells that characterise them, but with Bengaluru, there are so many smells that make up this city,” says Antony about her 70-page book. “Because of Covid, our sense of smell was lost. Not just by those who had it, but wearing masks also restricted our ability to smell things around us,” says the author.

According to Antony, this project published by Mazhi Books, connects with the city beyond the visual, about associating smells with the city. She collaborated with Avinandan, a perfumer whose family business, Sathyanarayana Traders, is a wholesale retailer of sandal, oud, and musk perfumes. Together, the duo created 12 unique smells in 1 ml bottles each, which readers get with the book, so that they can apply them to the pages and experience the city through the olfactory sense.

source/content: newindianexpress.com (headline edited)