Euler Motors to introduce Electric 3-wheeler Light Commercial Cargo Vehicles by early next year

Raised $2 Million in pre-Series A from Blume Ventures, Emergent Ventures and Andrew Lee

• Companies like BigBasket, BlueDart, EcomExpress, Udaan are using its prototype e-vehicles for the last- mile delivery in Delhi-NCR
• Focused on building its own Li-ion battery pack from two manufacturing units in Delhi NCR
• Building infrastructure and solving ecosystem challenges from the ground-up with the aim of increasing adoption of e-vehicles in India

NEW DELHI, August 1,^, 2019: Euler Motors, the automotive technology start-up focussed on electric vehicles will launch its 3-wheeler light commercial cargo vehicles by early next year.  Around 100 prototype e-vehicles of Euler Motors are already running on the Delhi-NCR roads used by companies like BigBasket, EcomExpress, BlueDart, Udaan etc. for their last-mile delivery.

Founded in 2018, Euler Motors has so far raised USD 2 Million from marquee investors like Blume Venture, Emergent Ventures and Andrew Lee to set-up the manufacturing & R&D facility, building indigenous Li-ion battery pack and hire talent. The R&D team at Euler Motors is focused on building automotive-grade lithium-ion battery pack that could deliver the range required for intra-city logistics in all-weather, temperatures and road conditions. The company currently makes Li-Ion battery pack of 5.76 KWh for its vehicles. Parallelly, Euler Motors has set up charging and service stations, combining hardware and software play bringing components like powertrain control system, battery and thermal management system, telematics and data-driven approach to fine-tune performance, and improve efficiencies of last-mile logistics. The company has also installed over 70 electric vehicle charging stations within Delhi-NCR.

Euler Motors is founded by Saurav Kumar who previously co-founded Cube26 Software Pvt. Ltd, a mobile technology platform that was acquired by Paytm at the beginning of 2018. Talking about the plans and approach of the company, Mr. Saurav Kumar, Founder and CEO, Euler Motors said, “Euler Motors is working towards providing sustainable last-mile transportation by accelerating the adoption of electric vehicles.  We understand the challenges of the sector, but we believe that our indigenously created battery pack and upcoming innovation in light commercial vehicle will set industry standard and thereby helping ecommerce companies, logistics providers and independent fleet owner.”

Mr. Arpit Agarwal, part of the investment team at Blume Ventures, said, “Alongside being electric, vehicles are increasingly becoming autonomous, shared and connected. It brings a whole new paradigm in the automotive industry that incumbents are not fully prepared for. Euler Motors represents a new crop of auto companies that are born in software first era. Saurav and the team were able to understand the paradigm of Total Cost of Ownership parity ahead of the market and built a product with a business model that has no parallel in India. As a result, they have seen demand of their products far exceeding their production capacity. We have immense faith in their ability to build this business quickly to a scale that will make them synonymous with commercial electric vehicles in India”.

The range of the current commercial cargo electric vehicles are 80-100 KMs, depending on the load on the vehicles and has the total capacity to carry 500 Kgs weight.  The company performs its research, manufacturing, and assembly from its two centres in Faridabad, Haryana and Okhla Industrial Area, New Delhi.  

UNION BANK OF INDIA REDUCES LENDING RATES UPTO 20 BPS ACROSS TENORS

Mumbai- July 30, 2019: Union Bank of India has reduced Marginal Cost of Funds- based Lending rate (MCLR) upto 20 basis points across various tenors. Our bank has reduced both overnight and one month MCLR to 8.10% from 8.25% and 8.30% respectively. Three months and six months MCLR has been reduced by 10 bps to 8.25% and 8.35%. One year MCLR will come down from 8.55% to 8.50%. “As a result, interest rates on all loans linked to MCLR stand reduced upto 20 basis points with effect from 1 August 2019”. This is the second rate cut by our bank since June 2019. “Taking a cue from the latest measures announced by the Reserve Bank of India (RBI) and to support growth of the economy, we have reduced lending rates upto 20 bps across various tenors”.

The rates effective from 1^st August, 2019 are as follows:-

Tenor	MCLR (%)
Overnight MCLR	8.10%
1 Month MCLR	8.10%
3 Months MCLR	8.25%
6 Months MCLR	8.35%
1 year MCLR	8.50%

Atul Nishar Founder of Aptech launches ' Azent Overseas Education'

Azent Overseas Education- INR 250 Cr EdTech Startup; new

Atul Nishar

venture of Atul Nishar that redefines student experience

 State of the art tech driven advisory

 Students from across the country to benefit from online offline counselling

 Education corporate which revolutionizes overseas education currently dominated by

unorganized players

 Extensive use of Data Mining, AI, Analytics to help students choose the right education

 Virtual Reality for students to experience campus environment

Mumbai, 30 July 2019: Azent Overseas Education Limited, an online offline EdTech Startup founded by

Atul Nishar (Founder Hexaware Technologies Ltd and Aptech Ltd ) and his daughter Priyanka Nishar - an

alumnus of Harvard Business School and Cornell University seeks to disrupt the overseas education

advisory industry with extensive and effective use of innovative technology.

To study abroad is a life changing decision for Indian students. They need impartial guidance backed by a

good knowledge base and up to date information. Azent aims to offer these to the students by using

modern technology like AI, data mining etc. Azent focuses on diverse offerings, providing students the

best possible admissions guidance, while keeping in mind their individual strengths, to set them up for

future success.

“Azent is structured as a Public Limited company. This is one of a kind as distinguished from the

proprietary and partnership model that is prevalent in the advisory industry. We have planned an

investment of INR 250 Cr in cutting edge technologies, building of products and offerings, acquisition and

centre infrastructure.” said Atul Nishar, Founder, Azent Overseas Education.

Priyanka Nishar, Founder, Azent Overseas Education added, “Our students can access over 1200

universities across the world. We match students to the best possible universities where they will excel

in their programs. Our comprehensive list of scholarships will guide students and further their

possibilities.”

The Azent Edge

As an entrepreneur Atul Nishar, has been an industry leader in both Education and IT Sectors, founding

companies which have established themselves both globally as well as in India. Priyanka Nishar(Founder),

having studied at Harvard Business School and Cornell University is best suited to provide guidance on

overseas education. Having worked with the Admissions Committee of New York University Stern School

of Business, Priyanka understands what universities are looking for from their ideal candidates. This dual

perspective coupled with use of cutting edge technology brings strong expertise in providing the right

guidance to students.

Adoption of Digital disruptive technologies

With its unique online offline business model, Azent aims at adopting digital means to transform

education advisory and student guidance. Its technology driven state-of-the-art centres in Mumbai,

Thane, Chennai, Hyderabad and Bengaluru will help students in selecting the right course and university

from over 1200 universities across USA, Canada, UK, Australia, New Zealand, Germany, Ireland and

Singapore. Azent will also help them get continued support with applications, visas and pre- departure

processes.

With the effective use of technology, these services are not location specific. As more and more students

from smaller cities and towns decide to study overseas, many may not have the option of meeting

experienced counsellors face to face without travelling to their nearest city or centre. For such students,

Azent has an Online Counselling Centre, which offers the same one on interaction and attention, from

the convenience of their own homes. Students have “Any time anywhere access” and with the assistance

of proprietary tools and templates, Azent can support them seamlessly and effectively.

Azent offers immersive student experience and guidance through use of Virtual Reality (VR) at each of

its “Experience Centres”, which is a first of its kind for the overseas education industry. Students can

experience university campuses in Virtual Reality, have their questions answered by India’s first

admissions Chatbot, and meet with highly experienced counsellors to help with their decision making.

THE COUNTDOWN TO YEAR 10 OF WEEKENDER BEGINS!

July 30 2019: 10 years old or 10 years young! As BACARDÍ NH7 Weekender, India's largest multi-genre music festival, heads to its 10th year celebration on the gorgeous hills of Meghalaya on 1-2 November 2019 and back to the city it calls home, Pune on 29 Nov - 1 December 2019.

The pre-sale is expected to go live early next month, with special prices for those Under 21.

Since its inception by OML 10 years ago, BACARDÍ NH7 Weekender has featured over 600 artists from India and around the world, across a variety of genres to over 500,000 fans. The festival has evolved to become one of the country's most beloved musical weekends where thousands of fans and discerning music lovers converge for an unforgettable experience.

The 2018 edition witnessed performances by some of the most acclaimed international headliners and stellar names from the Indian music and comedy scene, including Joe Satriani, Poets of the Fall, Shubha Mudgal, Switchfoot, Salim-Sulaiman, God is an Astronaut, Nightmares On Wax, The Contortionist, Guthrie Govan, Shankar Mahadevan, FKJ, Zakir Khan, Biswa Kalyan Rath, Prashasti Singh, Kaneez Surka and a lot more.

Stay tuned for more information.

Artimas Fashions introduces one8 innerwear in collaboration with Virat Kohli

India, 29 July’2019: Artimas Fashions Private Limited and one8 by Virat Kohli have announced the official launch of the much-awaited one8 innerwear range today through e-commerce channels. The partnership between both the entities was facilitated by Cornerstone Sport, which exclusively represents the Indian Cricket Captain, Virat Kohli. The one8 innerwear has initially launched two ranges under, ‘Edge’and ‘Game’, which include innerwear varieties and socks in the premium category.

Artimas Fashions Pvt. Ltd., a subsidiary of Lux Industries Ltd., is the official licensee for Indian cricketer Virat Kohli’s one8 innerwear collection. Having announced the tie up with one8 in the previous year, the company has officially flagged off the brand on e-commerce today with a TVC campaign featuring Virat Kohli. This launch was planned post a year long conceptualization of marketing strategies and execution of the TVC to build better brand connect with the consumers.

Commenting on the launch of the innerwear products from one8, Indian Cricket Team captain Virat Kohli said, “I am excited and optimistic about the launch of one8 innerwear. Today’s era is defined by the restless and dynamic youth of the nation, where style and flexibility go hand in hand with comfort. As a sports person I am extremely cautious when it comes to finding comfort both on and off field. The same ethos has been carried forward into the entire range of innerwear. With this launch, we not only aim to revolutionize the industry, but also intend to evolve identities synonymous with the brand.”

The brand offerings has been thoughtfully created for a generation, which is always on the move and believes in finding comfort in every situation. one8 innerwear’s marketing proposition primarily focuses on this aspect, where the brand is portrayed as the ideal representative of the restless youth. Staying true to brand philosophy, the subtle branding strikes a chord with the core messaging “Comfort for the Restless”.

Speaking on the occasion, Mr. Nischal Puri, MD, Artimas Fashions Pvt. Ltd. said, “It took us more than fourteen months to conceptualize and finalize the concept for the one8 innerwear launch to align it with the fact that it is a brand, owned by one of the biggest youth icon for our time. The association aims to build exclusivity in the category amongst the youth since the brand conception is created on the dynamism and spirit of Virat as a personality. ”

“We are initially introducing the brand through e-commerce and we aim to launch it through physical retailers by next quarter. After tapping the innerwear market in India, we look forward to taking the brand international in the coming years”, he further added.

The men’s innerwear industry in India is marked at INR 15,000 crores, out of which INR 5,200 crore is dedicated to the middle and the premium market segments and one8 innerwear aims to position itself in this segment. With the initial market launch, the brand has unveiled its range through two collections, Edge and Game with prices starting at INR 181.

Speaking on the occasion, Mr. Saket Todi, Senior Vice President, Lux Industries Ltd. said, “We are extremely pleased and optimistic about the association with one8. We believe this association will not only redefine the industry but will also aim at evolving distinctiveness synonymous with the brand.”

Mr. Udit Todi, Senior Vice President, Lux Industries Ltd. added, “With the launch of one8 innerwear range, we look forward to a better brand connect with the consumers. We hope to offer a brand, which resonates the personality and ethos of the youth. We believe that it will become the most preferred brand in the premium category representing the youth of India.”

With an aim to redefine the innerwear comfort, the brand intends to fill the existing void in the premium innerwear market in terms of the product offering and marketing innovation & positioning. Virat, being the most prominent youth icon in India, looks forward to establishing brand one8 that resonates with his individual personality to fill this industry gap.                              

About Artimas Fashions Pvt. Ltd.:

Artimas Fashions Private Limited (AFPL) aims to rekindle men apparel and innerwear segments with a singular objective of offering consumer brands that reflect their lifestyle.

Artimas Fashions Private Limited has exclusive license for One8 innerwear and loungewear and also owns Actimaxx – the active wear brand. Headquartered in Kolkata, AFPL has 100% in-house manufacturing capabilities and has an installed capacity of more than 3 million garments per annum. 

Virat Kohli Foundation supports Sumit Nagal (Indian Tennis Player)

Sumit Nagal breaks into the ATP top 200 men's singles ranking reaching a career high of 196. He has climbed 289 points in the last 8 months.

This achievement comes a year and a half after he started receiving support from the Virat Kohli Foundation. 

The foundation's Athlete Development Program has been sponsoring Sumit's training expenses in Germany, tournaments, nutrition and every other requirement that is necessary for him to develop as a world-class  tennis player. 

Comedy Night With Vaibhav Sethia At Esora

Beat your Monday blues at Esora as they are hosting Comedy Night with Vaibhav Sethia who is known to share the humor that he sees in

his past experiences through stories and extrapolations of his own

thoughts.

Book your tickets on Book My Show & Insider.In

https://insider.in/comedy-night-with-vaibhav-sethia-jul29-2019/event 

https://in.bookmyshow.com/events/comedy-night-with-vaibhav-sethia/ET00108045 

Date: Monday, 29th July, 2019

Time: 8pm onwards

Venue: Esora, First Floor, Commerz II, Oberoi Garden City, Off Western Express Highway, Goregaon East, Mumbai - 400063.

Price: INR 500 per person (excluding GST)

_____________________________________________________________

About Esora

From grabbing a quick breakfast or a warm lunch with family , a beer with a friend or share a dessert with your other half, an elegant meal with business partners or a peaceful tea just by yourself with some good music. Esora has it all.

They believe in rejuvenating the food and beverage culture ; with all the little time we’ve got left in this world and hence “Esora”

Their culinary expedition began when we came across the word ‘Ya Esora’ which means ‘It’s time To’ in Latin.

Penchant for Esora led us to discovering that Jeff Benner depicted rejuvenation in paleo hebrew (Bible) with the word ‘Yehsora’

This enticed them to use ‘Esora’ to redefine the F&B art.

The skillfully crafted menu is curated keeping in mind the fare, suitable for all. They want to be the restaurant choice for everyone combining an intriguing atmosphere with extraordinary food.

What’s more? The menu comprises of dishes which are nutritionally fit and suggested by experts which appeal to a wide and varied clientele.

The quality of ingredients will never leave you disappointed. Except discovering wishing you had more appetite!

‘ESORA’ is harmony of every interest, an amalgamation of creativity & space for everyone and the perfect place when customers need that 'little extra.'

Agriculture Minister, Shri Surya Pratap Shahi advises banks to accelerate KCC Campaign in Uttar Pradesh

In a special meeting held at Uttar Pradesh Regional Office of NABARD at Lucknow to review the progress under ambitious campaign to provide Kisan Credit Cards (KCC) to all eligible farmers in the state, Shri Surya Pratap Shahi, Agriculture Minister, advised RRBs and Cooperative banks to further step up their efforts in association with Agriculture & Revenue departments of the State Govt to issue planned 25 lakh fresh KCCs to farmers by 31 July 2019. He advised Chiefs of the banks that the State Govt was proactive to waive the overdue loans of farmers to enable easing of NPA position of banks and facilitating flow of fresh KCC loans to farmers. He said that under PM Kisan Samman Yojana, farmers are also receiving income support and maximum farmers covered under the scheme are from Uttar Pradesh. He exhorted banks to adopt positive approach for purveying higher credit flow to agriculture sector for its sustained growth and enhancing farmers income. He also advised the officials of agricultuire department to mobilise KCC loan applications from all eligible farmers together with verified land records for facilitating banks to sanction loans. He further said that in view of ongoing Kharif sowing, the process must be expedited and KCC loans be covered under insurance under PMFBY.

Speaking at the meeting Shri S A Pande, CGM NABARD, exhorted that both the grassroots level Govt machinery and bank branches must work in tandem to achieve the KCC target in the available short span of time. He further advised the cooperative banks to make best use of their outreach through cooperative societies to extend KCCs to all eligible farmer members. He informed that both RRBs and cooperative banks are expected to achieve around 8.50 lakh fresh KCCs which would be 1/3^rd of State’s target of 25 lakh.  He advised that KCCs may also be extended to persons pursuing animal husbandry and fishery. 

  The SLBC convenor , Dr. Ramjass Yadav, GM, Bank of Baroda informed that a total number of 16672 camps have been organised within 02 weeks of the campaign wherein, total of 47268 fresh KCCs have been issued by all the banks in State. He exhorted banks and Govt agencies to double their efforts to reach the target and report data on a portal specially designed by the SLBC.

Shri Andra Vamsi, IAS, Additional RCS advised cooperative banks to seek this opportunity to cover maximum eligible farmers under KCC in their area of operation and achieve the targets within stipulated time.

Responding to the expectations of the minister, the Chiefs of RRBs and Cooperative Banks assured that with the active cooperation of agriculture and revenue departments, every effort would be made to achieve the target of issuing fresh KCC assigned to them.

NXP helps young minds to innovate for the future

• Launches the Season 1 of the unique challenge for its employees kids of 10 years onwards
• 15  winners in different categories across all its centers in Noida, Bangalore and Hyderabad
• Innovative ideas and creative project execution were at display for the audience

National, July 26^th, 2019: NXP India one of the largest design centers for NXP Semiconductors N.V. (NASDAQ: NXPI), today conducted its one of the most aspirational project, ‘YOUNG INNOVATOR DESIGN CHALLENGE 2019’ across its 3 centers in Noida, Bangalore and Hyderabad. Young Innovator Design Challenge was crafted specifically for the children of NXP employees, to provide them with an opportunity to learn and imbibe the knowledge and passion for electronics and software.

The event kickstarted in May 2019, which saw the participation of 115+ students across India, belonging to the 6^th – 12^thstandard, who were then invited for the training session at the NXP campus. During the session, the young minds were mentored by the experts about the NXP based Microbit kits and the challenge was to convert the innovative ideas into working prototypes using the Microbit Kits.

After two long months, post rigorous scrutiny and filtering at the each round, 30 children were shortlisted for the grand finale and were invited to present live demos of their prototypes to the external jury. The eager contestants were evaluated on their confidence, overall understanding of the concept, final demos , presentation and communication skills and finally 15 students emerged victorious under multiple categories. There were eminent industry experts who were invited as member of the jury for the grand finale.

While congratulating the winners, Sanjay Gupta (India Head), Vice President and India Country Manager NXP said, “We were amazed to see how the young minds could come up with such innovative concepts. NXP encourages more efforts like these to develop country’s future entrepreneurs and innovators. It was a learning process not just for the students but also for us, as there was exchange of ideas from both the sides. We are planning to come up with similar events in the future to nurture young minds and develop a symbiotic relationship between the tech industry and them”.

Innovative prototypes:

With lot of enthusiasm, kids exhibited some marvelous prototypes such as Smart ROBO car, a juvenile tracker device, automated pet feeder, food freshness detector and many more. The story behind these innovative ideas are equally interesting. For Reetam Chowdhury from Hyderabad, who won second prize for creating a water flow sensor says he came up with his idea because his grandmother used to check for water in taps every five minutes.

Winners details:

Centre: Noida
Category 1: Junior category (6th to 8th Class)
Prize	1st Prize	2nd Prize	3rd Prize
Winner Name	Ishaan Gupta	Arin Singh	Arnav Gupta
Project Title	Smart ROBO Car	Juvenile tracker device	Smart watch
Category 2: Senior category (9th – 12th Class)
Prize	1st Prize	2nd Prize	3rd Prize
Winner Name	Akshat Sharma	Anmol Rao	Archit Jain
Project Title	Smart Home: The future homes	eSahara	Road roughness index
Jury Award - Best Product Demo Award
Winner Name	Divyam Sood
Project Title	Automated pet feeder
Jury Award - Most Innovative Idea Award
Winner Name	Vani Sethi
Project Title	Food freshness detector
Centre: Bangalore
Prize	1st Prize	2nd Prize	3rd Prize
Winner Name	Dweep Joshipura	Sreerag Vadde	Esha Shirwal
Project Title	Efficient and optimized irrigation system for large firms and gardens	Accident detector	Tremor detector
Jury Award - Most Innovative Idea Award
Winner Name	Sara Johary
Project Title	Ingenious bottle holder
Centre: Hyderabad
Prize	1st Prize	2nd Prize	3rd Prize
Winner Name	C Niel Joisah	Reetam Chowdhury	Vishal Sriram K
Project Title	Smart irrigation system	Water flow sensor	Smart security lock

NXP India, the largest R&D center of NXP Semiconductors Pvt Ltd with over 2000 design engineers across India, is an employee focused organization driving and supporting the innovation from the forefront in the country. The objective of such events is to challenge the young minds to expand their creative ability and lay the foundation stone for tomorrow. These events will open plethora of options in front of our next generation and will drive their interest towards the field of engineering, creating innovative solutions for our existing problems eventually leading to a well-equipped workforce in the country.