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Business Wire India - Multimedia: Digest for February 01, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

MG Motor India has announced the launch of the MG Developer Program and Grant (MGDP) Season 5.0 in association with Startup India and Manthan. Themed 'Artificial Intelligence in Electric Mobility', this initiative aims to broaden the innovation platform for startups, developers, and innovators while establishing a launchpad for new ideas and narratives.
 
Launched in 2019, MGDP now in its fifth season, is in collaboration with Startup India, Manthan (Office of PSA), AWS, Exicom Telesystems, Lohum, and DRIIV, and seeks to foster the advancement of upcoming innovators and entrepreneurs. The program empowers start-ups and innovators by giving them a platform, encourages them to build new applications and create exciting experiences for MG and its customers.
 
Commenting on the occasion, Gaurav Gupta, Deputy Managing Director, MG Motor India stated, "MG Motor India drives innovation by actively collaborating with startups, providing mentorship, and transforming concepts into reality. Our commitment extends to fostering industrialization, solidifying our role in transformative change in the automotive landscape. MGDP 5.0 emphasizes Artificial intelligence in Electric mobility, facilitating knowledge exchange among participants and think tanks and positioning India as a pivotal hub for innovation and technology. As a brand, we actively encourage change and cultivate innovative mindsets."
 
Dr Sapna Poti Director, Office of the Principal Scientific Adviser to Government of India said, "This initiative marks a pivotal moment in advancing AI and electric mobility and hence it will be uploaded on the Manthan platform of our office. What stands out is that this program goes beyond just fostering ideas; it's a catalyst for creating a greener, smarter mobility landscape. We will eagerly await the impactful collaborations arising out of this initiative."
 
Speaking on the latest season of MGDP 5.0, Aastha Grover, Head, Startup India, said, "Innovation and technology are key contributors to growth in any sector. This innovation challenge is a testament to society's commitment to driving technological advancements and fostering a collaborative ecosystem in the automotive industry. The power of AI has the potential to revolutionize the way we move, ensuring safer, more efficient, and environmentally conscious transportation solutions. Through this program, MG is nurturing some of the finest and most talented innovators who hold the potential to transform the face of the automotive industry."
 
MGDP has mentored more than 1,450 startups over five years in various fields ranging from Connected Car technology to electric mobility alongside our innovation partners such as Jio, SAP, Exicom, etc. MG Motor India has additionally facilitated mentorship from over 100 experts, including the leadership of MG India and partners within the technology ecosystem.
 
MG Motor India has shortlisted 34 promising start-ups through the MG Developer Program and Grant, and these are actively engaged in pilot projects with the company. This year, our ambition is to take the leadership position in Artificial Intelligence in Electric Mobility by supporting the ecosystem and by creating a pipeline of new ideas and stories for customers in India. 
Business Wire India

KFin Technologies Limited ("KFin"), a leader in investor and issuer solutions, in partnership with Equalifi, successfully hosted the first-ever Indian Alternative Investment Summit 2024. This prestigious event celebrated the achievements of leaders in the Indian Alternative Investments (AIF) sector. The highlight of the occasion was the unveiling of 'Indian Thought Leaders 2024,' a report honoring the distinguished individuals who have significantly contributed to the industry. The summit not only recognized these thought leaders but also provided a platform for discussing the growth and future of alternative investments in India.
 
The event, graced by KFintech's MD & CEO Mr. Sreekanth Nadella and Mr. MV Nair, Chairman and Non-Executive Director, celebrated luminaries across various sectors including Fund Raising, Compliance, and Technology. The inaugural Thought Leaders List featured notable figures, including Vineet Sukumar, Co-Founder & MD of Vivriti Group; Amit Gupta, Group Compliance Officer, ASK Investment Managers; Hemant Daga, Co-Founder & CEO Neo Asset Management; Santoshi Kittur, Chief Technology Officer at 360 One; Hemal Mehta, Chief Financial Officer at Edelweiss Alternative Asset Advisors, Sapna Prabhakaran, Executive Director and Head of Marketing & Corporate Communications, Avendus; Hrishikesh Parandekar, Senior Partner at Alpha Alternatives; Rajeev Saptarshi, Director and Chief Operating Officer at Kotak Investment Advisors; Siddarth Pai, Founding Partner at 3one4 Capital; and Vineet Rai, Founder, The Aavishkaar Group. The event also featured enriching discussions and presentations, reflecting the vibrancy and growth of the alternative investment industry in India.
 
Expressing his thoughts, Sreekanth Nadella, MD and CEO, KFintech, said, "The Indian Alternative Investment initiative aligns with our vision of championing innovation. These thought-leaders embody the spirit of innovation and excellence that drives our industry forward. We are proud to recognize and celebrate their accomplishments, which have had a profound impact on the alternative investments landscape in India."
 
Aditya Gadge, Founder of Equalifi, said, "This collaboration with KFin Technologies highlights our shared goal of acknowledging the transformative role of thought leaders in the Indian financial sector. We're proud to be part of this journey."
 
Alternate Investment Funds (AIFs) that invested in private markets have in the last decade (2013-23) generated a 13.5 per cent alpha over the public market index (S&P BSE Sensex TRI), a new report by CRISIL Market Intelligence and Oister Global showed. With the alternative investment landscape in India witnessing unprecedented growth KFintech launched its innovative solutions including the XAlt platform, which aims to revolutionize fund administration for Alternative Investment Funds.
 
Equalifi, a global membership network for financial professionals, strives to advocate and represent the financial services industry's diverse interests. This collaboration underscores both organizations' commitment to fostering excellence and innovation in India's evolving financial landscape.

Redefining Wellness with Hemp

Wednesday 31 January 2024 02:46 PM UTC+00
Business Wire India

Avi Ekveer Sharma, the visionary behind Hemped Souls International (HSI), was recognised with the prestigious Bharatiya Excellence Award for Ayurvedic Innovator of the Year at the event held at the Indian Society of International Law. The award acknowledges Sharma's remarkable contributions to the field of Ayurveda, particularly in revolutionising the perception and application of hemp-derived products for holistic wellness.

Sharma's journey is rooted in a rich heritage of Ayurvedic wisdom spanning over 400 years, deeply ingrained within his family lineage. Drawing inspiration from this tradition, he embarked on a mission to unveil the therapeutic potential of hemp, or Vijaya, a revered plant in Ayurveda renowned for its healing properties. In 2020, he founded Hemped Souls International, marking a pivotal moment in India's journey towards embracing CBD as a viable medical solution. Under Sharma's guidance, HSI has emerged as a trailblazer in the field of CBD production, pioneering India's first domestically manufactured CBD oil. Today, HSI stands as the largest manufacturer of CBD oil not only in India but across Asia, setting unparalleled standards of quality and innovation in the industry.

Avi Ekveer Sharma, Founder and CEO of HSI, said, "Being honoured with this award is just the beginning of an exciting journey for us. At Hemped Souls, we're all about pushing boundaries and making a real difference in people's lives. Looking ahead, we see endless possibilities in this industry. We're not just making products; we're shaping the future of wellness. It's an exhilarating ride, and we're thrilled to be leading the way!"

Hemp, known as Vijaya in Ayurveda, has deep roots in the Indian culture and Ayurveda but faced obsolescence due to societal stigma and regulatory challenges. However, behind Hemped Souls International (HSI) lies a profound understanding of Ayurvedic wisdom that recognises hemp's therapeutic potential. Through innovation, HSI has unlocked the full spectrum of benefits from hemp, leveraging innovative extraction techniques. These advancements have not only revitalised an ancient industry but have also ushered in a new era of wellness, where the potential of hemp is fully realised, offering transformative solutions to a myriad of health challenges. Moreover, HSI's visionary approach extends beyond its endeavours, as the company spearheads the expansion of the medical cannabis industry in India.
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