Chirush Preetham Poojary (born on January 9, 2022) of Dakshina Kannada, Karnataka, is titled as ‘IBR Achiever.’
The title was achieved for reciting an English nursery rhyme, recalling 26 associated words of the English alphabet, counting from 1 to 10, identifying 8 relatives, 7 fruits, 9 vegetables, 18 parts of the body, 6 birds, 23 animals, 9 colors, 10 vehicles and 47 miscellaneous items performing 6 actions and mimicking the sounds.
source/content/pix : daijiworld.com (headline edited)
Will double sourcing from India from a value of $750 mn to $1.5 bn.
French aerospace manufacturer Airbus on Thursday announced the awarding of a contract for the manufacturing and assembly of its A220 aircraft doors to Bengaluru-based Dynamatic Technologies in what it called “one of the largest aerospace export contracts to India.”
Dynamatic will manufacture and assemble the cargo, passenger and service doors along with the over-wing emergency exit doors for the A220 family aircraft, which total to eight doors per aircraft.
The order signifies implementation of “complex assembling and integration of aerospace manufacturing, which will create downstream opportunities in the Indian aviation supply chain,” Airbus CEO Remi Maillard, President and Managing Director, Airbus India and South Asia said at a press event.
Thursday’s contract is also among the orders that will enable Airbus to double its sourcing from India, which is valued at about $750 million every year. This is expected to rise to $1.5 billion over the next few years.
To a question on when Airbus plans a final assembly line for commercial aircraft given large orders from IndiGo and Air India, Mr. Maillard said Airbus provided more jobs and more value for India today than any Final Assembly Line (FAL) will achieve.
According to Dynamatic’s Udayant Malhoutra only 15% of value generated from manufacturing an aircraft comes from a FAL.
Airbus recently announced a FAL for H125 helicopter for the private sector and in 2022 announced a FAL for C-295 transport aircraft for the Indian Air Force.
source/content: thehindu.com (headline edited)
The deal was led by Yamaha Motor Co. Ltd. Existing investors Al Futtaim Group, Lowercarbon Capital, Toyota Ventures and Maniv Mobility also participated in the round.
River, a Bengaluru-based start-up building multi-utility electric scooters, has announced a $40 million (335 INR Crores) Series B led by Yamaha Motor Co., Ltd. The round also saw participation from existing investors Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures and Maniv Mobility.
This round takes the cumulative fund raised by the company to $68 Million (565 INR Crores) since its inception in March 2021. With this funding, the company plans to scale the distribution and service network across the country and invest further in R&D for future lineup of products.
“We are impressed by the progress that River has achieved in such a short span of time, especially with the strong focus on design and technology. We are excited about the conviction that Aravind and Vipin have for River and how Yamaha can support the company to achieve this”,said Hajime “Jim” Aota, Chief General Manager of New Business Development Centre, Yamaha Motor Co., Ltd.
River started selling its first product Indie, the SUV of scooters in October 2023. Indie was fully designed and developed at the River R&D facility in Bengaluru and manufactured in the River Factory at Hoskote in the outskirts of Bengaluru. The first River store opened in Bangalore in January 2024.
“It’s been a pleasure to watch River grow since our first investment in 2023. Indie made a strong debut in the Indian market and stands out from anything that is out there. We also see strong potential for Indie in many international markets. We are excited about the next phase of growth for River both inside and outside India”, said Paul Willis, CEO of Al-Futtaim Automotive.
River is the first Indian investment of all its investors – Tel Aviv based Maniv Mobility, San Francisco based Trucks VC, Lowercarbon Capital, Toyota Ventures and Dubai based conglomerate Al-Futtaim Automotive.
“The investment is a significant boost for our plan to build a Billion-dollar global utility-lifestyle brand by 2030. We have built a great base in R&D and manufacturing over the last two years and now, it’s time to grow,” said Aravind Mani, Co-founder and CEO of River.
“The collaboration with Yamaha will help us leverage the design and technology capability that we have built at River,”said Vipin George, Co-founder and Chief Product Officer at River. “I learned to ride on a Yamaha motorcycle and have been amazed by the highest levels of performance that they stand for. And now, Yamaha investing in River is quite a surreal feeling. I’m excited about what the partnership can achieve,” he added.
River started selling its units in October 2023 and close to 200 vehicles have been sold till January 2024. The company which plans to expand its presence to 10 cities including in the next six months and 100 cities in the next two years, has seen a valuation increase of 15-20x in the last 2.5 years.
According to a release from the company the start-up plans to launch one more product by 2026.
source/content: thehindu.com (headline edited)
We have come across many instances of highly-paid engineers leaving their jobs in foreign countries and coming back to India to start their own businesses. While not many succeed in their endeavour, some like Mallikarjun Hatti from Vijayapura in Karnataka do.
Mallikarjun used to work as a software engineer in the United States and used to earn Rs 3.5 lakh per month. His yearly income was nearly half a crore Rupees! Yet he chose to return to his motherland to start something of his own. When he came back to India, his neighbours and friends laughed at him and his ideas.
Mallikarjun’s family was also tense because a sudden change in the domain could cause a lack of funds. He joined the US-based software company in 2008 and returned to India in 2013 after resigning from the company. In 2018, he started farming. He grew cereals and millet on his farmland. Later, he decided to start his own business by selling millet and cereals.
Startup based on a Farm-to-Plate theme
Mallikarjun had many ideas regarding his startup. He selected the Farm-to-Plate theme, in which he decided to sell cereals as food to the people. Initially, people did not give heed to his ideas and startup. After a few days, he initiated another idea to start a hotel based on the millet he grew and serve only cereal and millet-based food items.
The hotel surged in business during the Covid pandemic. The season that impacted many people, turned out to be good fortune for Mallikarjun. He provided the best quality food items, which people appreciated. The health benefits of the millet are many. During the pandemic, there was an urge among people to eat healthy food.
His hotel, ‘Siridhanya Hallimane’ became very famous in the locality. His efforts finally started to pay out during the pandemic, as the people who did not pay any heed to him initially, started to turn towards a healthy lifestyle when the pandemic hit them hard.
He started the hotel ‘Siridhanya Hallimane’ at Golagumbaz Road in Vijayapura. He prepares the food with the 9 variants of millets he grows on his own farmland. Government officials, travellers and other customers are regular to the hotel. Everyone wants a healthy alternative to the foods they consume every day.
Mallikarjun does not add any kind of chemical or tasty ingredients to his food and believes in serving the food naturally. Snacks and lunch are prepared in the hotel with arka, Udalu, Navane and other millets. People suffering from BP and diabetes come here and enjoy nutritious food.
Earning 7.5 lakh per month!
Mallikarjun used to earn Rs 3.5 lakh per month while he was in the US. His decision to leave the high-paying job was very challenging in the initial days. Due to his visionary startup ideas, the hotel ‘Siridhanya Hallimane’ is today very popular. People from far and wide travel to Vijayapura to visit his hotel and enjoy the food.
There are currently 20 workers at the hotel and Mallikarjun earns Rs 7.5 lakh per month, through the business. He has also started a food processing unit and wants to extend his hotel as a franchise to other cities as well.
source/content: newsable.asianetnews.com (headline edited) / Asianet Newsable
Having recently come to the fore, Prakhar Chaturvedi, the 19-yr-old B’luru cricketer who broke Yuvraj Singh’s 25-year-old record for the highest individual score in a Cooch Behar Final, on the historic knock, and his next course of action.
Earlier last month, the finale of the Cooch Behar Trophy saw Karnataka lift a historic maiden title after defeating Mumbai with a mammoth first-innings lead. And equally historic was the unbeaten innings by a teenager from Bengaluru – 404 runs off 638 balls – which not only helped Karnataka sail through to the title but also broke Yuvraj Singh’s 25-year-old record for the highest individual score in a Cooch Behar Final.
“Honestly, it’s still sinking in! Throughout the innings, I was just trying to stay focused on each ball, build partnerships, and contribute to the team’s victory. During lunchtime when I was playing at 299, my friends told me that the old record was 358. So it was in the back of my mind after I crossed 300, but my main goal was to play my best and help us win,” says Prakhar Chaturvedi, who, a few years earlier, was not picked for the Karnataka U19 zonal tournament.
“I was determined to play for Karnataka, so the only way was to score as many runs as possible in the U19 league and zonal.
So, I worked hard for the next eight to nine months, and last year, I was the highest run scorer in the U19 league. When I got the opportunity to play zonal, I was the second highest run scorer of the tournament and it helped me in state selection,” adds the 19-year-old who is currently pursuing a degree in BA economics online, studying when his schedule permits.
Having started his cricketing journey at the age of 11, Chaturvedi grew up watching some of the biggest players of this generation, yet considers Sir Vivian Richards, the legendary West Indies cricketer, his role model. “I have been growing up watching Virat Kohli, Rohit Sharma, and MS Dhoni. Though I have only watched them play on TV, I have picked up some of the tricks of the modern game from them.
However, I consider Sir Viv Richards to be my role model. I have learnt from him the pure joy of playing the game, the freedom to swing hard and trust your skills, and the feeling of owning the field like it is your backyard. Cricket, especially long innings, demands mental strength,” he adds.
Meanwhile, despite his historic knock, Chaturvedi remains grounded about his prospects. “I know this is the beginning and there is a long way to go. I have a lot to learn and improve, but it motivates me to work even harder and achieve even greater things in the future. The next five years are very crucial. I would say that the next two-three years are very crucial for my preparation.
I am yet to get exposed to the highest level of competitive cricket. So, my focus is to learn and adapt as quickly as possible and perform wherever I get the opportunity. I am currently representing Karnataka U23 at the CK Nayudu Trophy and I want to perform well in this tournament. I am a firm believer in process and taking one step at a time,” he says.
source/content: newindianexpress.com (headline edited)