TCS and Burgan Bank collaborate to improve core banking technologies; the stock rises

In order to improve client connections, the bank will implement TCS BaNCSTM to combine several independent legacy applications into a single banking solution.Shares of Tata Consultancy Services Ltd. increased by 0.24 percent following the company's agreement to update Burgan Bank's core banking system. In order to improve client connections, the bank will implement TCS BaNCSTM to combine several independent legacy applications into a single banking solution.The company announced that in order to streamline and digitally change its technological landscape, it will leverage the TCS BaNCSTM suite of products, which includes wealth management, retail and corporate loan origination, payments, core and digital banking, regulatory compliance, and more. Burgan Bank's Group Chief Executive Officer, Tony Daher, stated: "We have started a very extensive digital transformation and technology journey that will create an integrated banking ecosystem; one that not only meets but exceeds the current market expectations." Our continuous focus on innovation and providing value to our clients by establishing tailored services and simple, clear experiences will be bolstered by modernizing our key systems. It will open the door for long-term, steady growth. We have chosen TCS BaNCS, which is extensively utilized by banks in the area, to develop a comprehensive solution that will fulfill our two goals of spearheading innovation and providing exceptional customer service.  

Indian startups have advanced significantly during the past five to ten years: Co-founder of Urban Company

NEW DELHI: Over the past five to ten years, Indian companies have made significant progress thanks to the government's Startup India program and other efforts.In the last five to ten years, Indian startups have made significant progress. The co-founder of an urban company"When I started 10 years back, we were a small ecosystem and the country had only one unicorn," Bhal said to IANS during a conversation. We are a today'sIn the last five to ten years, Indian startups have made significant progress. The co-founder of an urban company. In terms of unicorn count, the Indian Startup Ecosystem ranks third globally as of May 2024, with a total valuation of $349.67 billion.Speaking at the 'Vishesh Sampark Abhiyan', the co-founder said that the Startup India initiative helped "us brainstorm for hours and create a highly c https://www.dtnext.in/indian-startups-have-come-a-long-way-in-the-last-5-to-10-yrs-urban-company-co-founderThe co-founder claimed during the "Vishesh Sampark Abhiyan" that the Startup India program enabled "us think for hours and design a highly powerful  

Price and Features of Microsoft Surface Pro 11 and Surface Laptop 7, the companys first Copilot+ PCs, were introduced.

Monday, May 20, Microsoft held an event to announce the Surface Pro 11 and Surface Laptop 7 to the general public. These gadgets come after the tech giant's Surface Pro 10 and Surface Laptop 6, which were unveiled in March of this year and are geared at business. The Windows manufacturer incorporates artificial intelligence (AI) capabilities into the consumer-oriented machines, which also become the company's first Copilot+ PCs. Interestingly, the Snapdragon X series chipsets from Qualcomm power these PCs rather than the Intel Core Ultra chipsets used in the Surface devices targeted for corporate users. Pricing and availability of the Microsoft Surface Pro 11 and Surface Laptop 7 The Microsoft Surface Pro 11 with an LCD panel and 16GB RAM and 256GB SSD built-in storage starts at $999, or around Rs. 83,000. This version has the Qualcomm Snapdragon X Plus chipset installed. Similar to this, the 13.8-inch display model of the Microsoft Surface Laptop 7 with a Snapdragon X Plus CPU, 16GB RAM, and 256GB SSD internal storage starts at $999 (about Rs. 83,000). There will be four gadget colors available: Black, Sapphire, Platinum, and Dune. Starting on June 18, both Surface models will be available for purchase. Anyone interested can place a preorder right now on the Microsoft website.  

MeitY Secretary Indias AI Regulations Won Stop Innovation

OVERVIEW According to S Krishnan, the government would prepare the legislation for artificial intelligence using the same methodology used to draft the DPDP Act. According to the MeitY secretary, India may have an advantage over other countries by enacting AI legislation later since it may examine and absorb the lessons from the mistakes made by others. The proposed AI legal framework is expected to be published by July of this year, according to statements made earlier this year by Rajeev Chandrasekhar, the minister of state for MeitY.Artificial intelligence (AI) would be regulated by the Center so as not to inhibit innovation in the field, according to S Krishnan, secretary of the Ministry of Electronics and Information Technology (MeitY).Before being made available to users on the Indian internet, all large-language models (LLMs), software that uses generative AI, artificial intelligence (AI) models, and algorithms that are being tested, in beta testing, or unreliable in any other way are required to obtain the "explicit permission of the government of India."On March 1, the ministry of electronics and information technology (MeitY) released a late-night advisory—a first for the entire world. It requested that all platforms make sure that their use of AI, generative AI, LLMs, or any other kind of algorithm "does not permit any bias or discrimination or threaten the integrity of the electoral process."Friday's advise, though not legally obligatory, is "signalling that this is the future of regulation," according to Rajeev Chandrasekhar, the union minister of state for electronics and information technology. "We are requesting that you (the AI platforms) abide by it as an advisory today."  

Price and Specifications of the New Redmi Note 13R with Snapdragon 4 Gen 2 SoC and 5,030mAh Battery

The Redmi Note 13R, which replaces the Redmi Note 12R from the previous year, has been released in China. There are three color variations and five RAM and storage combinations for the new Note series phone. With a 6.79-inch display, it is powered by a Snapdragon 4 Gen 2 SoC. With its dual rear camera unit, which is headed by a 50-megapixel primary sensor, the Redmi Note 13R comes pre-installed with HyperOS. It has a 5,030mAh battery with 33W rapid charging capabilities.Cost and availability of the Redmi Note 13R The 6GB + 128GB variant of the Redmi Note 13R costs CNY 1,399, or approximately Rs. 16,,000. The price of the RAM and storage models with 8GB + 128GB, 8GB + 256GB, and 12GB + 256GB is CNY 1,599 (about Rs. 19,000), CNY 1,799 (approximately Rs. 21,000), and CNY 1,999 (approximately Rs. 23,000), respectively.A high-end model, on the other hand, costs CNY 2,199 (about Rs. 25,000) and has 12GB + 512GB. The Ice Crystal Silver, Light Sea Blue, and Midnight Dark (translated from Chinese) colorways of the Redmi Note 13R are presently on sale in China.Note 13R Redmi specs Running on HyperOS, the dual SIM (nano) Redmi Note 13R has a 6.79-inch (1,080x2,460 pixel) display with a refresh rate of up to 120Hz, a peak brightness of 550nits, and a touch sampling rate of 240Hz. The selfie snapper is housed in a hole punch cutout in the center of the screen. Under the hood, it has a Snapdragon 4 Gen 2 SoC with 512GB of internal storage and up to 12GB of RAM.With regard to optics, the Redmi Note 13R sports a dual rear camera setup that consists of a 2-megapixel and a 50-megapixel primary camera. It has an 8-megapixel front-facing camera for taking selfies. The Redmi Note 13R has Bluetooth, Glonass, Galileo, GPS/A-GPS, NFC, a USB Type-C port, Wi-Fi, and GPS as connectivity options. A virtual gyroscope, an infrared blaster, an acceleration sensor, an e-compass, a distance sensor, and an ambient light sensor are among the onboard sensors. For authentication, a fingerprint sensor located on the side is included.The Redmi Note 13R from Xiaomi comes with a 5,030mAh battery that supports 33W rapid charging. It is 168x76.28x8.32 mm in size and 205 grams in weight.  

The Allen campaign honors Aashna, a NEET student, and her path.

Mumbai: With its AI-powered application, education startup Allen Career Institute is demonstrating its continued dedication to NEET preparation. Aashna, a NEET candidate, is the subject of a new ad that honors her path. According to the firm, the Allen app helped her realize her dream of becoming Dr. Aashna Dayal.According to Allen, for more than 35 years, it has given over 2.5 million students the confidence to pass difficult tests. Their AI-driven app customizes the learning process for kids studying for grades 6–10, engineering (JEE), and pre-medicine (NEET). Effective question answering, focused practice exams, and interactive classrooms all contribute to students' success.The company included Aashna's tale to demonstrate the functionality of its app. The software helps students prepare for exams with features including Revision Cards, Personalized Quizzes, Improvement Books, Custom Practice modules, and specialized Mentoring tools. Aashna's ambitions were realized thanks to the app, which offered professional advice and a nurturing learning environment throughout her journey."Achieving the finest possible tools for kids to achieve has always been our mission. According to Abha Maheshwari, CEO of Allen Digital, "The new ALLEN app is a game-changer in personalized education, guiding students like Aashna through their unique learning journeys."The tale of Aashna demonstrates the efficacy of the Allen app. The app provides students with extensive test preparation materials, including revision cards, personalized quizzes, improvement books, specialized practice modules, and dedicated coaching tools. Aashna's ambitions were realized thanks to the app, which offered professional advice and a nurturing learning environment throughout her journey.  

Uttar Pradeshs Sarathi app was shut down for maintenance.

Every RTO in Uttar Pradesh is experiencing operational disruptions, and staff are working to quickly resolve the situation.According to regional transport office (RTO) authorities on Friday, maintenance work on Sarathi software, which is used for processing work under the Union transport ministry, has disrupted the operation of processing driving licenses throughout Uttar Pradesh, including in Noida, since Thursday. Between 300 and 350 persons visit the Noida regional transport office on a daily basis, according to officials, seeking licenses and other related work."Vahan, a program for vehicle registration, and Sarathi, a program for driving licenses, are the two primary apps. We learned from Lucknow that Sarathi will be undergoing some maintenance from Thursday at 10 a.m. until Saturday at noon, according to Siyaram Verma, the assistant regional transport officer (ARTO-administration) for Gautam Budh Nagar."Activities related to driving licenses, like obtaining a learners' permit, a primary license, renewing a license abroad, changing one's name or address, etc., have ceased," Verma stated. "I had no idea that the website was being maintained. The application was down, an official told me when I arrived to the RTO in Noida after traveling 35 kilometers," said Greater Noida resident Rajesh Yadav."The affected work is present in all Uttar Pradesh RTOs. An RTO representative stated, "Our specialists are working to fix the application as quickly as feasible.  

Zomatos Latest Feature Now Enables Users To Make Healthier Decisions

SUMMARY: Using this new function, customers can be gently persuaded to select healthier options, preventing them from subsequently regretting their decision. Additionally, the company increased its platform cost to INR 5 per order last month from INR 4 previously. Zomato also revealed its fourth consecutive profitable quarter earlier in May.Zomato, the foodtech behemoth, has launched a new feature that will assist its consumers in choosing healthier options. This comes only a few days after the company extended its priority delivery services to Delhi, Hyderabad, and Pune.By using this new tool, customers can be gently encouraged to choose healthier options when placing their orders, helping them to avoid regretting their decisions later.Deepinder Goyal, the CEO and founder of Zomato, made the news on X."We just released a new function on Zomato – gently assisting our users in making healthier choices,” the post stated. First off, we've started recommending roti in place of naans."We just released a new function on Zomato – gently assisting our users in making healthier choices,” the post stated. First off, we've started recommending roti in place of naans."We have received tremendously favorable feedback for this functionality, and we are seeing a 7% attach rate for these recommendations. We intend to expand this soon to include additional meals and categories. For instance, when you add a dessert to your basket, we may suggest lower-calorie dessert options if you are in the mood for one," it stated.Zomato is also getting ready to add more meals and categories to this functionality. For example, when a user adds dessert to their cart, they may be shown alternatives with fewer calories if they are craving it. In addition, the company increased its platform fee from INR 4 to INR 5 each order last month. Zomato also revealed its fourth consecutive profitable quarter earlier in May. In the quarter that concluded on March 31 of the financial year 2023–24 (FY24), the company's consolidated profit after tax increased by 26.8% to INR 175 Cr from INR 138 Cr in the previous quarter. From INR 3,288 Cr in Q3 FY24 to INR 3,562 Cr during the quarter, operating revenue increased by more than 8%. On a quarterly basis, Zomato observed a decrease in the GOV of their meal delivery service. During the quarter under review, its GOV decreased from INR 8,486 Cr to INR 8,439 Cr. Yet, GOV increased 28% year over year.  

These devices—which range from docks to summer break chargers—make working remotely easier.

My office and home workspaces are both tidy, which helps me concentrate on my work with less interruptions. when it is understandable that one cannot anticipate the same degree of comfort in outdoor settings, some technology can support productivity when on the go. These consist of an external storage device, a connectivity dock with several ports, a power strip, and a universal charging adaptor with multiple power outlets. Let's investigate how each of them helps to maximize productivity whilst on the road.One of the hardest things to do when traveling is to make sure all of your electronics are charged. This is true even though the majority of public spaces and the public transportation system include power outlets, as most of them are frequently utilized. Furthermore, until you have the necessary tools, you are unable to use the supplied power socket to charge numerous devices. These devices could be a multi-port charging adaptor that supports fast charging or a power strip.To control several electronic devices at once, a power strip is necessary. It makes sure you can charge and use several devices without having to look for extra outlets, which is especially helpful in locations with spotty electrical access.For those in need of a small, portable power accessory, there are charging adaptors with many connections available. It's important to remember that charging adapters lack power outlets and only have USB ports (USB-A and USB-C). Therefore, as long as the source devices enable USB interface-based charging, these can be utilized to simultaneously power up or charge many devices. Although the power strips and multi-port charging adaptors mentioned above meet your needs for power and charging when traveling inside the country, they might not be the best choice when traveling abroad due to the use of different plugs and sockets in other countries. Here's where adapters for universal charging come in handy. You can connect to several socket types and charge many devices at once with a universal charging adaptor that has multiple power-out connections, so you can always have power on hand.  

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Today in Mumbai, there are two massive rallies PM Modi at Shivaji Park, INDIA bloc, and Arvind Kejriwal at BKC.

Prime Minister Narendra Modi will continue his campaign trail across the Hindi heartland state of Uttar Pradesh, where over half of the 80 Lok Sabha seats are up for grabs in the final three phases. This state is crucial to the BJP's chances. He will speak at three rallies in the constituencies of Barabanki, Fatehpur, and Hamirpur on Friday.After that, he will go to Mumbai, where he will speak at a rally at Shivaji Park alongside Union Minister of State Ramdas Athawale, MNS leader Raj Thackeray, Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, and Chief Minister of Maharashtra Eknath Shinde. Three of the city's seats are being contested by the BJP, and the remaining three by Shinde's Shiv Sena.  

Serum Institute gains 20% in a non-needle tech startup WholeMedical

For an unknown sum, vaccine leader Serum Institute of India has purchased a 20% investment in medical device startup IntegriMedical to promote needle-free injection technology.According to a business statement, the technology helps patients who are afraid of needles by promoting patient compliance, decreasing needle-stick injuries, and improving the effectiveness of liquid medication through needle-free dispersion.After purchasing SCHOTT Kaisha's Indian partner in August 2021, Serum Institute of India (SII), which has been investing in backend businesses, was able to secure the company's supply of pharmaceutical packaging items, which include vials, syringes, ampoules, and cartridges required to package life-saving medication.According to the note, IntegriMedical has created the US-patented needle-free injection system (N-FIS), which uses a high-velocity jet stream and mechanical power to deliver medications and biologics reliably and efficiently. Without providing a timeframe, it was stated that N-FIS will be made available in the Indian private market, providing patients and healthcare professionals with an alternative to conventional needle-based injections.The Chief Executive of SII, Adar Poonawalla, stated that the organization was always looking for ways to invest in technologies that complemented its goals. "We envision a needle-free solution to deliver vaccines and believe that Integral's Needle-Free Injection Systems represent a significant advancement in drug delivery," he stated, going on to say that it would "potentially revolutionize the way we administer vaccines."The investment, according to IntegriMedical's managing director Sarvesh Mutha, is evidence of the promise of NFIS technology and its capacity to completely transform medicine delivery. He continued by saying that SII's experience in vaccine production and international distribution would contribute to the technology's increased accessibility for patients everywhere. IntegriMedical's N-FIS is ISO 13485 certified and has obtained numerous regulatory approvals, including those from the CE (Europe) and CDSCO (India). The message further stated that the technology is patented in the United States. Additionally, it maintains manufacturing and research facilities in Hong Kong, India, and the United States. Ankur Naik, MD, of IntegriMedical, has played a key role in the N-FIS technology's development and clinical studies.  

Bitcoin, Ether, and the Majority of Altcoins See Losses Todays Crypto Price; Tether and Iota See Minor Gains

Bitcoin's trading value on Indian platforms like CoinDCX and CoinSwitch is currently $66,124 (about Rs. 55 lakh), after a one percent decline.On Wednesday, May 15, the cryptocurrency chart showed losses next to the majority of cryptocurrencies. Bitcoin's trading value on Indian platforms like CoinDCX and CoinSwitch is currently $66,124 (about Rs. 55 lakh), after a one percent decline. Conversely, the most costly cryptocurrency asset is now trading at a marginally lower price of $61,945 (about Rs. 51 lakh) on foreign markets. The majority of cryptocurrencies saw losses in the last 24 hours as a result of BTC's inability to maintain the gains from the previous day.On Wednesday, ether lost 1.48 percent of its value. As a result, its prices on domestic and foreign exchanges are $3,083 (about Rs. 2.57 lakh) and $2,902 (about Rs. 2.42 lakh), respectively.Technically speaking, the price behavior of BTC and ETH is still erratic; they are trading in a range and both sides are seeing liquidations. Although there has been mixed price activity overall and neutral funding rates, both cryptocurrencies are sitting at important support levels. The CoinDCX markets team informed Gadgets360 that the US CPI figures released today would be very important to follow because they are predicted to have a big effect on the market.  

In his electoral papers, PM Modi states that his assets equal ₹3 crore; EC claims BJP

The affidavit he has on the Election Commission website states that the value of his movable assets is ₹3,02,06,889. The majority of this is in the form of over ₹2.85 crore in fixed deposits with the State Bank of India.14 hours priorIn his poll affidavit on Tuesday, Prime Minister Narendra Modi disclosed that he possesses assets of Rs. 3.02 crore. This affidavit is a part of the paperwork that must be submitted in order to run for office in India.The Prime Minister's holdings consist of investments as well as both immovable and mobile possessions. When comparing the declarations made by PM Modi in 2014 and 2019, his assets have increased. The Association for Democratic Reform said that in 2014, he disclosed assets worth Rs 1.66 crore, however in 2019 he declared assets worth Rs 2.51 crore.Four gold rings totaling Rs 2.67 lakh are among PM Modi's holdings in gold. He has also made investments in National Savings Certificates totaling Rs 9.12 lakh. From 7.61 lakh in 2019, this investment in NSC has increased by almost two lakh.Furthermore, according to the 2024 affidavit, the Prime Minister has 2.85 crore in bank fixed deposits (FDs).Modi possesses Rs 52,920 in cash, as per the document submitted by the leader of the BJP.Jashodaben has been declared the PM's spouse. According to Modi, he graduated from Gujarat University with an M.A. According to the statement, he graduated from Delhi University's school of arts in 1978. It went on to say that in 1967, he cleared the Gujarat board SSC exam.Although Modi has declared "interest from bank" and "salary from government" as his sources of income, his wife's income is listed as "not known".The Prime Minister began his day with prayers at the Kaal Bhairav shrine and Dashashwamedh Ghat before submitting his nomination. He offered the Ganga aarti at the ghat amid the chanting of Vedic mantras, and then took a boat to the Namo Ghat. Alongside Uttar Pradesh Chief Minister Yogi Adityanath, Prime Minister Modi made his way to the Kaal Bhairav temple to offer prayers. Visit this link to learn more: https://economictimes.indiatimes.com/news/elections/lok-sabha/india/pm-modi-declares-total-assets-worth-rs-3-02-crore-in-poll-affidavit/articleshow/110119535.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBefore submitting his nomination, Modi wrote in Hindi on X, "My relationship with my Kashi is amazing, inseparable and incomparable... all I can say is that it cannot be expressed in words!"The prime minister went to the Kaal Bhairav shrine before filing his nomination at the Varanasi collectorate. When Modi turned in his papers, Uttar Pradesh Chief Minister Yogi Adityanath and two of the four proposers of the prime minister's candidacy were there.  

2024 Social Media Facts You Should Be Aware Of

Our everyday lives now revolve around social media, but how much do we actually know about it? There are millions of facts regarding social media that are frequently overlooked, from the platforms we use to the effects it has on our mental health.Social media is used by over 5.4 billion people globally, demonstrating how much of an impact it has on how we connect and communicate with one another. But not everything we read or see online is accurate or trustworthy.We'll look at some fascinating and significant social media facts in this blog that are worthwhile learning. Knowing these things can help you develop a more responsible and successful social media strategy, regardless of how active you are on the platform.Furthermore, having this knowledge is not sufficient for marketers who want to properly manage their social media accounts. What more needs to be a part of your marketing plan? A scheduler for social media. It saves you time and guarantees your audience sees your content consistently by letting you plan, schedule, and automate your posts across several platforms.  

Ankush Aggarwal Returns To Ola Cabs Ride-Hailing Business Amid Restructuring

Ankush Aggarwal, brother of Ola Cabs founder Bhavish Aggarwal, has rejoined the ride-hailing company following a period with Ola Electric amid organizational changes at Ola Cabs.Ankush Aggarwal is a member of the "CXO team," as the top executive group is internally called.This action follows the resignation of Hemant Bakshi, the company's CEO, a few months after he joined the startup.Bakshi quit his job a month ago. Even though he left Hindustan Unilever to join Ola Cabs in September 2023, the firm announced his appointment in January of this year.According to ET, Aggarwal will have a variety of duties at Ola Cabs, similar to what he did at the manufacturer of electric vehicles. He is also scheduled to take up the position of CEO of Ola Financial Services.He was Ola Electric's chief business officer.Ola has been contacted by Inc42 to provide feedback on the development. The response will determine how the story is updated. It is important to remember that Ola Cabs and Ola Financial Services are separate entities from Ola Electric Mobility, which was established by Bhavish Aggarwal, and are under the ownership of ANI Technologies.In addition to Ankush Aggarwal, whose loan startup Avail Finance was purchased by ANI Technologies in 2022, other executives on the CXO team include Sidharth Shakdher, chief business officer, and Kartik Gupta, chief financial officer. Gupta and Shakdher have both worked with Ola Cabs for a short time—less than 1.5 years.According to the article, Bhavish Aggarwal is likely to take the lead in the business following these modifications and is reportedly focused on making a profit. The current management at the company will collaborate with Bhavish Aggarwal, who is basically back reviewing the daily statistics of the ride-hailing service, an insider told ET. In India, Ola Cabs, which was established in 2010, is a competitor of Uber and BluSmart. The business has let go of workers in two rounds of layoffs in the previous two years prior to Bakshi's resignation. It let go of 200 workers from Ola Cabs, Ola Electric, and Ola Financial Services in January of last year. From INR 1,522.3 Cr in the prior fiscal year to INR 772.2 Cr in FY23, ANI Technologies' consolidated net loss almost halved. From INR 1,970.4 Cr in FY22 to INR 2,799.3 Cr in FY23, operating revenue increased by 42%. Ola Cabs recently stated that, in contrast to an EBITDA loss of INR 66 Cr in the same period last year, its India mobility division broke even with "segment-adjusted" EBITDA of over INR 250 Cr in FY23. The    

There are rumors that the Samsung Galaxy S25 Ultra will have three rear cameras.

In January, Samsung released the Galaxy S24 Ultra, which sports a 200-megapixel quad rear camera configuration. According to an early rumor, the Galaxy S25 Ultra will have a significant camera redesign next year. Samsung is reportedly testing a flagship smartphone with three rear cameras rather than four for the following year. The current phone's 10-megapixel telephoto camera with 3x optical zoom may not be included in the future iteration. The basic 200-megapixel sensor will probably remain.Samsung is reportedly testing the Galaxy S25 Ultra with three rear cameras: a primary sensor, an ultra-wide device, and a periscope zoom system, according to tipster Sperandio4Tech (@ISAQUES81) on X. According to rumors, the company that makes the flagship smartphone for 2019 will not have the 10-megapixel 3x optical zoom telephoto sensor. This hardware would differ significantly from its predecessors. A 200-megapixel wide camera, a 12-megapixel ultra-wide shooter, a 50-megapixel telephoto lens with a 5x optical zoom, and a 10-megapixel telephoto shooter with a 3x optical zoom comprise the Galaxy S24 Ultra's quad rear camera configuration. The 200-megapixel primary camera of the rumored Galaxy S25 Ultra prototype is said to remain unchanged, while light-capture efficiency may be enhanced. It is expected to have the same 12-megapixel ultrawide lens, and at this prototyping level, alterations are not possible. We are testing the periscope camera with a huge sensor and variable zoom. Two fixed focal lengths—one between 4x and 5x zoom and the other between 6x and 7x zoom—are being tested by Samsung with the periscope camera.  

Market for lubricants to grow well. EVs present both opportunities and challenges, said Gulf Oil Indias CEO.

The Managing Director and CEO of Gulf Oil India, Ravi Chawla, spoke on how to handle the danger posed by electric vehicles, the company's EV acquisitions, and how lubricants may increase fuel efficiency. Revised passages:The increasing popularity of electric vehicles (EVs), which run on batteries rather than engines, poses a danger to petroleum-based lubricants used in internal combustion engines (ICE). Gulf Oil Lubricants India Ltd, a prominent participant in the domestic lubricants market, is valued at approximately Rs 4,500 crore on stock exchanges and is a subsidiary of Gulf Oil International, which is owned by the Hinduja Group. Managing Director and Chief Executive Officer of Gulf Oil India, Ravi Chawla, discussed the company's EV acquisitions, how to navigate the EV threat, and how lubricants may improve fuel efficiency with Aggam Walia. Revised passages: The lubricant market is expected to increase significantly, at least in Asia and India. Lubricants typically expand at a rate of half of the car growth rate, which is approximately 7-8% volume growth. According to a recent Klein study, even at the present rate of EV penetration, the lubricant industry will expand by 3% in volume over the next ten years. We anticipate slightly faster growth, so there shouldn't be any issues over the next ten to twelve years. In actuality, EVs won't have an impact on 75% of the lubricants used in industry, construction, and autos today. We see EV penetration as a challenge as well as an opportunity. The first chance is  

Sidhi Dalmia, a former executive at Goldman Sachs, joins VCats Syndicate Fund as a founding partner and co-leader.

Sidhi Dalmia, a senior executive at Goldman Sachs, has joined Mumbai-based Venture Catalysts as a founding partner and co-lead for their recently formed syndicate fund, VC Grid.In addition to Goldman Sachs, Dalmia has several executive roles at The Chesapeake Group, Bennett, Coleman & Co., Sumedha Fiscal Services, and Srei Group.She has worked in a number of major cities, including Mumbai, Hyderabad, Bangalore, Kolkata, and New York.According to the venture capital firm, Dalmia has played a pivotal role in propelling the establishment of VC Grid in recent months and solidifying its value proposition in the investment landscape.According to the company statement, she has coordinated fundraising efforts across a variety of industries, including technology, retail, FMCG, logistics, distressed assets, and infrastructure. She has also negotiated cross-border M&A transactions, facilitated venture capital investments, and given strategic advice to startups."She combines her financial acumen and leadership skills with a wealth of experience and knowledge in venture capital, early-stage investments, and creating sustainable enterprises. As we want to increase the value for family offices, legacy companies, and entrepreneurs, we are excited to collaborate with her," stated Apoorva Ranjan Sharna, managing director and founder of Venture Catalysts++.Family offices, corporate VCs, and U-HNIs make up the VC Grid network, which is dedicated to funding high-alpha projects from seed to Series A, with an investment range of $500K to $1.5M. Apart from providing financial support, the community also hopes to provide entrepreneurs with market access and commercial prospects by utilizing the combined knowledge and assets of its member investors. Venture Catalysts plans to conclude investment for VC Grid later this year with a total corpus of INR 900 Cr (about $110 Mn), according to a report published earlier this month by Inc42. Sources said at the time that the syndicate planned to bring the total number of limited partners to 100 by year's end, with 32 family offices already on board.