Category Archives: Business

Indian Husband-And-Wife Worth $586 Million After Map Startup’s IPO

More than two decades ago, when Rakesh and Rashmi Verma decided to create digital maps of India, the couple were treading new terrain, quite literally.

More than two decades ago, when Rakesh and Rashmi Verma decided to create digital maps of India, the couple were treading new terrain, quite literally. Long before Google revolutionized web cartography, the Vermas traversed India’s mega-cities by foot, painstakingly charting streets and landmarks.

But the mammoth task of building their company, MapmyIndia, paid off Tuesday. The Vermas’ startup met with resounding success during its trading debut after its initial public offering. The stock rose around 35 per cent to 1,393.65 Indian rupees ($18.4), pushing the couple’s net worth to about $586 million. It was a fittingly bold start for a company that sells digital maps and geographic data covering India’s challenging topography.

A strong market debut punctuates several recent highs for MapmyIndia, formally known as C.E. Info Systems Ltd. Earlier this month, the company reported it had received bids for more than 150 times the number of shares on offer in its initial public offering. Apple Inc. and Inc. are among those that have purchased the company’s software.

The husband-and-wife team, who own nearly 54 per cent of the company post-IPO, are the latest founders to strike gold during this year’s stock market boom. India’s startups, in particular, are having a moment, buoyed by strong pandemic-driven demand for e-commerce and online services. Home-grown businesses such as MapmyIndia have led the surge in new fundraisings, setting IPO records and pricking the ears of investors looking for the next big market in Asia.

“Nobody understood mapping data when we started,” Rakesh said in a telephone interview before the listing. “Now, 25 years on, mapping data pervades businesses, industries, government-owned companies and ministries,” he said. 

The startup reported a 31 per cent profit margin for the last fiscal year, with revenue of 1.92 billion rupees ($25 million) and net profit of 594.3 million rupees. Its profit margin reached 46% for the first two quarters of the current year, ending in September.

Rakesh, 71, and Rashmi, 65, started their company in the mid-1990s, when businesses had little interest in buying mapping data. At that time, public internet access had not been introduced in India. Startups had yet to define the culture of today’s tech havens, including Bengaluru and Gurgaon.

As the field of entrepreneurs deepened in India, the Vermas stood out for their staying power. Rashmi drives the technology wing of the business, serving as its chief technology officer. Rakesh was instrumental in expansions into sectors ranging from automotive to government-owned companies.

Their skill-set was sharpened abroad. In the late 1970s, after graduating from elite engineering schools in India, the Vermas headed to the U.S., where they completed graduate degrees and launched successful corporate careers. Rakesh climbed the ranks at General Motors Co. Rashmi built computer databases at International Business Machines Corp. When the couple returned to India, they identified a niche in digital mapping, which had started to catch on in the developed world.

At that time, “databases were tabular, data was thought of in megabytes and there was no internet,” Rashmi said. C.E. Info Systems was incorporated in February 1995. 

The couple said the first few years of mapping India were more or less a nightmare. Rakesh often joined surveyors on the streets of Mumbai, where the team manually recorded addresses. As technology improved, triangulating data helped capture further flung corners of the country.

The gamble paid off. Barely a year after starting the business, Coca-Cola Co. hired the Vermas to chart their distributorships, which for many years had been demarcated by vague markers such as “along a river” or “next to a highway.” Motorola, Ericsson AB and Qualcomm Inc. followed suit, contracting the company to build map terrains and locate their mobile towers. In 2004, Rakesh and Rashmi unveiled India’s first interactive maps platform. 

“Our data modeling is our key IP and that’s what gives us a head start in this field,” Rakesh said. “We’ve mapped 99.99% of India, capturing every city, town, village and habitation.”

Globally, Google Maps dominates the consumer segment of the market, with more than one billion users, far more than its competitors. The app is bolstered by high brand recall and the advantage of having its software pre-installed on Android devices.

MapmyIndia, by contrast, has excelled by selling licenses to the biggest automakers, including BMW AG and Daimler AG’s Mercedes Benz, and to marquee global brands such as McDonald’s Corp. Many of the Vermas’ clients are also local startups, including Paytm, the digital payments platform, and Ola, a popular ride-sharing company. Qualcomm, Zenrin Co. and Flipkart, now owned by Walmart Inc., are among the startup’s investors. 

Taking the business public was a logical next step after the Indian government changed rules this year over gathering mapping and geographic data. The new measures compel foreign companies to buy data directly from Indian-owned ones, providing another buffer for MapmyIndia to capture the local market and turn would-be competitors like Apple Maps — which uses the startup’s software — into customers. Across India, the company says it has a 95 per cent market share of GPS navigation.

With the cash infusion, the Vermas plan to expand after integrating maps for more than 200 countries into their software platform. But the couple said Tuesday’s success would have no bearing on their lifestyle. They have no plans to travel or move from their home in a leafy Delhi suburb. Their half-hour commute to company headquarters on the city’s outskirts will continue.

“My work and my family, including the four grandkids, are my enduring passion,” Rashmi said. “Nothing changes.”

One thing is clear: Demand for geographic data is soaring. The Indian government has projected a $14 billion market by the end of the decade, reflecting one of the fastest growth rates in the world. Rakesh can’t help but marvel at how things have come together.

“We are profitable, our future revenues are predictable and our valuation is easy to arrive at,” he said.

Reference: NDTV

Getting Online Personal Loan in 5 Easy Steps

A personal loan is a saviour for those amidst a financial crunch. Since it’s an unsecured loan, you don’t have to submit collateral to get the credit. The good part of taking a personal loan is that you don’t have to use the credit for a specific purpose, as it can be used to pay off your debt, during a financial crunch or medical emergency, or any other need. Almost every bank offers personal loans to customers. But, the trend of online personal loans has increased nowadays. An individual no longer has to visit the branch personally to avail the loan. Here’s a guide to getting an online personal loan in five easy steps:

Step 1: Determine your requirement

The initial steps include finding out why you need a personal loan and the amount requirement. You might need a loan for a wedding, holiday trip or renovating the home. The amount can vary from Rs. 50000 to Rs. 10 lac or more depending on the expense type.

Step 2: Check your loan eligibility

The easiest way to check loan eligibility is to visit the website of the bank and use their loan eligibility and monthly instalments calculator. For instance, visit IndusInd Bank website, and use their calculator to check your personal loan eligibility as well as the monthly EMI that you might be paying for the loan.

Step 3: Apply for personal loan online

If you are eligible for a personal loan and monthly EMI for the desired amount that fits into the pocket, you can fill out an application form online. The form includes basic details, and make sure you fill out them accurately. Based on the details, the bank will fetch the best offers for you.

Step 4: Identity documents

When you are done with filling out the application, complete V-KYC and auto-repayment setup. There’s no need to submit the hard copy of the documents, which makes the work a lot easier. However, with the availability of online loans you don’t need to visit the bank to submit the documents physically. IndusInd Bank, has in fact, made it possible to apply for a loan using a 100% online and paperless process.

Step 5: Get money in your account

The last step includes signing the contract digitally to get the disbursed amount in your bank account.

Last Few Words

Getting an online personal loan is easy and hassle-free. The good part is that you get the money in your account within a couple of hours of successful verification. But, you need to do a little bit of research when availing personal loan. If you are looking for a hassle-free way to apply for a personal loan, opt for IndusInd Bank. You can get an instant personal loan online from the comfort of your home or office.

Khan Chacha owner Navneet Kalra gives golden tips on adding value to guest dining journey

It is often assumed that the most difficult part of restaurant business is to attract customers to your establishment. However, the reality is quite different. While getting people to give you a chance to sere them might be tricky, retaining those customers is no easy feat either. Both these objectives can be achieved through adding value to guest dining journey. Ever wondered how?

According to prominent Delhi-based restaurateur and Khan Chacha owner Navneet Kalra, when customers find more value to their dining experience, they not only attract to such businesses but also keep coming back. “There are numerous ways with which you can make the dining journey more rewarding for your guests, but contrary to the common assumptions, it all starts before the diners even knock your door,” he says.

Elucidating his statement, Navneet Kalra points out that while the most prominent means remain loyalty programs, only a few realize the power that a strong client response management (CRM) system wields. “You can start with knowing your audience and targeting them with personalized messages. This lays the foundations of customer loyalty. When your guests feel a personal connection with your business, they are bound to come back,” the Khan Chacha owner says.

In his expert opinion, informing the guests of the added perks of their visit before their scheduled arrival enhances the excitement and makes them feel special, thus forging a stronger customer relationship. Navneet Kalra also suggests rewarding diners when they make reservations directly from your website is a great way to build anticipation and loyalty before the guests even arrive at your restaurant.

“We are living in a fast-paced, digital era. Gone are the days when the diners visited a place just because their acquaintance recommended it. Today, people like to judge the location, the food, the ambience – everything – before they make a booking. Investing in a robust online presence can come handy in such cases. You can run online ads to make them aware of your business, while showing them what your place looks and feels like,” Khan Chacha owner Navneet Kalra suggests.

He adds, “You can also work towards making direct bookings a lucrative option. Most customers enjoy a short and hassle-free booking process. You can sweeten the pot by offering them exclusive perks like discounted meals or complimentary drinks. This can help establish customer loyalty at an early stage of guests’ dining journey. The key here is to adapt to whatever new resources are available at your disposal, and make optimal use of them to make your business grow.”

Dubai restaurateur Sanjeev Nanda on the importance of local food sourcing

As the UAE gears up to celebrate its 50th anniversary this year, acknowledging the nation’s achievements is imperative. Various industries and trades have registered great growth over the decades, but it is the locally grown food supplies and farming where the country has emerged as a regional leader.

The UAE has developed a thriving agricultural industry despite the harsh desert environment and is providing a wide range of farm-fresh produce to consumers, particularly the hospitality sector. So, what impact does sourcing food products from local sources has on the restaurants and hotel businesses?

We talked to restaurateur Sanjeev Nanda in search for the answer to this question. Nanda, who is a prominent restaurant owner in Dubai, believes that the innovations going in the UAE’s agro-tech sectors are responsible for boosting not just the hospitality businesses, but also the nation’s economy as well.

“Over the years, Dubai has grown into a regional farming hub. The credit lies with the technological innovations like climate-controlled vertical farms and a blockchain-enabled food storage system. As a restaurant owner, I believe it has helped great many businesses to prosper, in turn giving the national economy a boost,” says Sanjeev Nanda.

He adds, “While growing and buying local are concepts which have been introduced in the recent years, the benefits they have are undeniable, especially in the case of hospitality businesses. The cost savings are phenomenal as compared to what could have been in case of importing fresh produce.”

However, the importance of local food sourcing isn’t limited to restaurants and hotels. According to Sanjeev Nanda, it also has a greater impact in form of sustainability. The Dubai-based restaurateur quips that the reduction in carbon footprint and the environmental conservation that comes with buying local produce cannot be overstated.

Sanjeev Nanda adds, “As hospitality business owners, it becomes our ethical responsibility to promote local food sourcing as much as possible. As the hospitality sector grows in the UAE, it becomes important for businesses to make larger orders of local produce. This will help local farms become more commercially viable.”

Sanjeev Nanda continues, “When the local produce is priced more effectively, it will help support smaller operators in the market, who find themselves unable to get involved when the price point is higher. The result will be a knock-on economic effect, which in turn would be a befitting contribution to the country’s ‘The Year of the 50th’ celebrations.”

Plan Stress-Free Vacation Abroad with IndusInd Bank Forex Card

Are you planning an overseas trip to an exotic destination? Well, then you must get busy with:

  • Figuring out the destinations open for travel
  • Sorting out your RT-PCR report and vaccination certificates
  • Booking hotels
  • And most importantly – deciding how to carry cash

Carrying a lot of cash with you when going for an International trip is not a wise decision. Instead, go paperless with IndusInd Bank’s Multi-currency Forex card. Click here to apply for one online, load balance, and use it like you would swipe your credit or debit card.

The IndusInd Multi-currency Forex Card is widely accepted around the globe. You can swipe it at merchant outlets, international VISA ATMs or use it for online transactions.

Features and benefits of the Indus Multi currency Forex Card

Imagine carrying a slim card that fits your pocket and works seamlessly at PoS instead of a lot of cash or traveller’s cheques. Such an arrangement ought to relieve you of the stress of planning and keeping your money safe on international vacations. But, that’s not all! An IndusInd Multi-currency Forex Card comes with many more benefits. Here they are:

You can load up to 14 currencies on one card

This feature is especially useful when you are travelling to two or more countries on a single trip. For example, countless tourists go to Australia but not before stopping over in Singapore. They often step out for shopping and checking out the local sights. The currency for both Australia and Singapore are different, and the IndusInd Bank’s forex card can help you pay in both.

Here are the 14 currencies you can load on just one Indus Multi currency Forex Card:

  • United States Dollar (USD)
  • Australian Dollar (AUD)
  • Great Britain Pound (GBP)
  • Swiss Franc (CHF)
  • Hong Kong Dollar (HKD)
  • Thai Baht (THB)
  • Arab Emirates Dirham (AED)
  • Euro (EUR)
  • Japanese Yen (JPY)
  • Canadian Dollar (CAD)
  • New Zealand Dollar (NZD)
  • Saudi Riyal (SAR)
  • Singapore Dollar (SGD)
  • South African Rand (ZAR)

Safeguard your money from currency fluctuations

Since you pre-load your card, you remain safe from a spike in exchange rates. When you book and load up your IndusInd Multi currency Forex Card, you fix your exchange rate based on that particular day. Every time you reload your card, the exchange rate for that particular time and day applies.

Make a diverse set of payments at no extra charge

Book international hotels or flights hassle-free using the IndusInd Multi-currency Forex card. You can also swipe this card at grocery stores when abroad or fill fuel at petrol pumps if your international travel involves a road trip. The point is you can use this card as a local credit or debit card abroad at no extra currency conversion charge.

Withdraw cash in case of an emergency

Suppose a PoS machine inside a store breaks down or, for any reason, you cannot make a card payment, withdraw cash using the IndusInd Multi-currency Forex Card. This card provides you access to all VISA enabled ATMs worldwide.

Encash extra funds when you return

So, you couldn’t spend all the money you had pre-loaded in your IndusInd Multi-currency Forex card? Fret not! You can get it all back upon your return to India. Just visit an IndusInd Bank branch near you and encash funds remaining in the forex card.

Parting thoughts

IndusInd Bank’s multi-currency foreign exchange card awards you the freedom to pay as you go without worrying about running out of funds. If your balance drops too low for comfort, you can recharge it online on IndusForex.

So, bid goodbye to cash-carrying woes and buy a forex card online with IndusInd Bank.

Pradeep Agarwal: Data Science is a Vital Asset for Companies’ Growth

Pradeep Agarwal explains the benefits of data science and how it can help expand businesses.

The rise of the information and technology sector has led to exponential increment in generation of data. This has offered a chance to evaluate and produce valuable data insights which has made jobs easier and lives comfortable. Pradeep Agarwal expounds upon the field that studies data and puts it to utility – data science. He also expresses confidence in its ability to boost businesses and propel their growth.

Data science involves collecting, processing, interpreting, organising and maintaining information. It is an interdisciplinary field that uses scientific tools and approaches to obtain insights from data. This can then be used by companies to assist them in their operations.

Customer data provides information about consumer behavior, interests, desires, and more. A complete understanding of data science helps make sense of the raw data and can reduce costs for businesses.
Pradeep Agarwal points out that companies generally tend to rely on traditional forms of feedback which are outdated in the digital era. He adds, “Once the data is accumulated, it can be used to improve products and services. Organisations can also personalise customer experience as per the insights they acquire.”

Data science is also a valuable tool for enterprises to enhance their privacy. Notably, financial institutions employ a number of sophisticated algorithms to trace the client behavior. With these digital codes, establishments can smartly gauge their risk management.

Pradeep Agarwal states, “Market trends are large data sets which need real-time processing to be ahead in any industry. Companies can efficiently navigate through this sea of data and improve their performance.”

He also emphasises on how the domain can uncover inadequacies in the manufacturing process, and explains that humans have limited capacity to manually analyse the huge data which is collected during production. A clearly defined algorithm can,thus, boost efficiency of the firm.

For instance, Amazon is among the big companies of the world that engages in e-commerce, cloud computing and media services. Behind its success is the power to harness data. The e-commerce giant deploys an aggressive recommendation engine which offers customers product suggestions based on their search habits and purchase patterns. The activity prompts users to engage and ultimately leads to repeated sales.

Mr. Pradeep Agarwal cites Netflix also has a successful model of how effective data science can be applied. “The recommendation system of the platform runs on collaborative filtering as well as content-based filtering.” He adds, “ This approach processes reviews, watch time, and binging patterns, which helps in generation of personalised suggestions for the viewers.”

There are countless examples that serve as a proof of how worthy the knowledge of data science can be for businesses. Similar to languages, data is merely a collection of words, numbers and figures in a seemingly random order. But when put together, processed, and analysed, it can help companies remain astray of failure in the long run.

India’s top five bankers and their journey to the top

From the realms of banking miracles, the maestros from the industry we look up to today were once leading a life full of struggles and rejections. But their zeal to succeed is what underpinned their obstacles and made them stand on the podium of greatness.

Here we will discuss the top five bankers of India and their journey.

Arundhati Bhattacharya

When mentioning greats from the banking industry, Arundhati Bhattacharya’s name is a must. Post the retirement of her father, it was upon her to take up a job. And exploring her options, Arundhati decided she would take up the State Bank of India (SBI) exam just as her college friends were doing. Fortunately, she was able to crack it and got selected for the post of probationary officer. Even after clearing the exam she was not interested in taking up the job and wanted to pursue print journalism. Nonetheless, she made the important decision to join SBI. Fast forward her amazing career, she was listed as one of the 25th most powerful women in the world by Forbes. She retired as the Chairperson of SBI, an extremely important position in Indian banking.

Rana Kapoor

After having graduated with an MBA from Rutgers University in the US, Rana Kapoor started off as a management trainee at Bank of America (BoA). Between 1980-1995, he worked up the ranks and headed the bank’s wholesale banking business. In 1990, he was presented the “Eagle Pin,” the highest professional recognition within the Bank for performance excellence. Thereafter, Kapoor headed ANZ Grindlays Investment Bank before embarking on an entrepreneurial journey by founding Rabo India Finance. Rana Kapoor was then granted a greenfield banking license from RBI in 2004 to launch Yes Bank. Under Kapoor’s leadership of 15 years, the bank grew to a total asset size of over Rs. 370,000 crores, making it India’s 4th largest private sector bank. Rana Kapoor’s successful entrepreneurial journey is an inspiring story for the young entrepreneurs of India.

Aditya Puri

Starting his journey by going against his father’s wish, Aditya Puri studied commerce and travelled large swaths across Mumbai to reach his workplace. In his initial days, he worked as an executive assistant to the finance director of Mahindra & Mahindra. By early 1990s, Puri became the CEO of Citibank, Malaysia, but returned to India in 1994 as the Managing Director of HDFC Bank. In 2020, he stepped down as the Managing Director of HDFC bank and is currently deployed as a senior advisor at The Carlyle Group.

Romesh Sobti

Taking a degree in engineering to please his father, Romesh Sobti soon realised that his passion lies somewhere else. And therefore, turned to banking. His career began with the State Bank of India in early 70s, and he went on to work with the likes of Standard Chartered Bank and ABN AMRO, before taking over IndusInd Bank in 2008. After years of service, Sobti stepped down in 2020 as the Managing Director & CEO of IndusInd.

Uday Kotak

After completing his MBA in 1982, Uday Kotak started Kotak Capital Management Finance Ltd from a seed capital of less than US$80,000, which he borrowed from family and friends. But his determination paved way and he converted a bill-discounting start-up into a financial services conglomerate with assets valued at more than US$19 billion in 2014. The bank also became the second largest scheduled commercial bank by market capitalization in India with over 1250 branches. In 2019, he was one of the most highly paid CEOs in Indian Banking and is currently the Managing Director of Kotak Mahindra Bank.

Adani, Ambani consolidate plans to further green energy business in post-pandemic world

The global economy is slowly picking up the pace after months of slowdown caused by the COVID pandemic. Industries are quickly finding their feet as they rush to clear backlogs and take on new orders. The power generation sector in particular, is witnessing a spike in power demands, with both conventional and renewable energy (RE) projects struggling to meet requirements.

India’s power industry is also facing similar issues. Even though conventional thermal plants, along with RE projects, are churning out impressive numbers, supply is predicted to fall well short of projected demands. Although the RE sector has heavyweights like Adani, Ambani and Tata, the surging power demands has effected new launches and ventures by stakeholders.

New deals and acquisitions are being brokered as green energy companies prepare to face tricky post-pandemic conditions. Despite the gloom of uncertainty that drapes the atmosphere, major stakeholders like Adani have acted decisively and kept on track. After acquiring the SoftBank Group-backed SB Energy, Adani has announced its intention to raise a $600 million through overseas bonds. The proceeds will go towards financing green projects for the next two years as well as capital expenditures. The Adani Group had previously achieved its 25GW renewable energy capacity target this June, a full four years ahead of schedule. Currently, its operational capacity stands at 5.4GW after its latest acquisition of SB Energy.

Other than Adani, Ambani has also been quite busy. Hardly a month after it entered the RE business, Reliance Industries Limited (RIL) announced its intention to invest $50 million in Ambri Inc., a renewable energy storage company. The investment is a part of a grand fundraising by Ambri from strategic investors to the tune of $144 million. The renewable energy storage manufacturer was working on a liquid metal grid battery technology with plans to commercialize it by 2022. RIL is also pushing for a collaboration with Ambri to create a manufacturing facility for such batteries in India.

India’s renewable energy sector has taken quite a beating but is soldiering on. With markets expected to open up in the coming days, if not weeks, the sector certainly has better days to look forward to. Players like Adani, Ambani, Tata, ReNew Power, etc., have significant number of projects in the pipeline that will increase India’s RE capacity by a considerable margin. The introduction of new technology like advanced energy storage batteries and the influx of funds are exactly what the sector needs to tackle the post-pandemic scenario on an optimistic note.

GlobalData report estimates India’s coal production to rise by 6.4%; Hindalco, Adani Group in Chhattisgarh to support sector

Total coal output in India is expected to increase by 6.4%. Private companies such as Hindalco, Vedanta, Adani Group Chhattisgarh and other coal-bearing states are expected to be major players.

According to the latest report by the UK-based analytics firm GlobalData, India’s coal production is estimated to surge by 6.4 per cent i.e., from 777Mt in 2020 to 827.8Mt in 2021. The major factor for the rise in total output is the entry of more private players in the sector.
Private players such as Hindalco, Vedanta, Adani Group Chhattisgarh and more have been managing coal blocks across Chhattisgarh and other coal-bearing states. This will play a crucial role in realising the government’s vision for the sector.

The UK-based analytics firm expects India’s coal production to rise at a compound annual growth rate (CAGR) of 9% in order to reach 1.2Bnt by 2025. The government’s target, on the other hand, stands at around 1Bnt. However, Vinneth Bajaj, a mining analyst at GlobalData said that the ongoing pandemic might pose some challenges to this estimation.
The sudden increase in new covid-19 cases since March 2021, has hampered the coal operations in India. Despite this, there was an uptick in coal offtake in the month of April this year, which strongly indicates a revival in demand in the coming months.

The sector is largely influenced by the coal-rich states like Chhattisgarh. The latter has over 16 per cent of the total coal deposits of India. The state also ranks 2nd in the total coal production by contributing more than 18 per cent to the overall production of the country.

With numerous coal mines containing huge reserves in different districts, the state is highly preferred by the miners. To simplify the auction process and attract major investors, the government had also amended the Coal Mines (Special Provisions) Act, 2015 last year. Over the years, Chhattisgarh has seen the involvement of several private and public entities across the mines, which largely drive the economy.

To operate coal mines with the latest technology and boost competition, Adani Group mining Chhattisgarh signed a pact with Maharashtra State Power Generation Co Ltd for the development of the Gare Palma Sector II coal mine. The mine’s peak rated capacity and total mineable reserve stand at 23.6 million tonnes per annum and 553.177 MT, respectively. The project in Chhattisgarh by Adani Group, which include minedevelopment and final mine closure, will run for 34 years.

In the same state, Adani Enterprises, the flagship company of the Adani Group, launched MDO operations at the Parsa East-Kente Basan mine that is owned by Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL). The estimated coal reserve in the block was 450 million tonnes. Post the coal supply by Adani Group in Chhattisgarh, Rajasthan might become power surplus.

Apart from this, mining giant Vedanta Ltd had bagged Chotia block in Chhattisgarh during the first phase of coal mine auctions. In the near term, the yearly output from the block is estimated to reach 1 million tonnes. On the other hand, Aditya Birla Group’s Hindalco Industries had also won the final bid for Gare Palma-IV/5 in Chhattisgarh with extractable reserves of 42.43 MT per annum.

Considering the richness of the state in terms of coal, Sarda Energy and Minerals placed the winning bid for Gare Palma IV/7 coal mine in Chhattisgarh. The mine has a total geological reserve of 234.205 million tonnes and the company quoted a major revenue share of 66.75 per cent during the first tranche of commercial coal mine auction in India.

India is increasingly unlocking the participation of private entities in coal mining. This will play a key role in improving the sector’s overall revenue and reducing dependency on imports. It will also fulfil the government’s objective to promote transparency, leverage technology, competitiveness and more. The government has also been laying a robust framework to enhance productivity and reduce environmental impact across the mining operations.

Recently, the government has also announced to offer 67 mines with a total resource of almost 36 bn during the 2nd tranche of coal mines auctions for commercial mining. It will be the biggest offer of coal mines in India.

Wipro appoints former Walmart executive Subha Tatavarti as CTO

The current CTO teams, including Service Transformation, Topcoder, Robotics, SVIC, Technovation Centre, Open Innovation and Applied Research will report to Tatavarti.

Wipro has appointed Subha Tatavarti as its new Chief Technology Officer. The appointment is among the long list of hires by the Indian IT major as part of CEO Thierry Delaporte’s plans to accelerate growth at the company.

“Subha joins us from Walmart, where she led product, technology development and commercialisation of Enterprise Infrastructure along with Security, Data Science and Edge platforms,” Delaporte said in an email to employees, as cited by the Moneycontrol.

The current CTO teams, including Service Transformation, Topcoder, Robotics, SVIC, Technovation Centre, Open Innovation and Applied Research will report to Tatavarti, the report further added.

In her stint with Walmart, Tatavarti was appointed as the Senior Director of Technology Commercialisation. Prior to that, she has worked with PayPal from 2010 to 2020 in various capacities, including Head of Product, Data Platform and Infrastructure; Director of Cloud, Platforms and Frameworks; and Director, Planning and Operations – Data and Analytics.

Before joining PayPal, Tatavarti has worked with Climetrics, Inc as Co-founder and Director, Abbott Laboratories, Fannie Mae, Bearing Point and AOL.

Reference: BusinessToday

Unique Mothers Day Gift For Your Sweet Mother !!

God can not be available all over, so he has made a mother. A mom is the closest companion of a kid, with whom he can share every one of his desires, feelings, and sentiments. Mother’s Day is the day when you can offer your thanks to your mom. The most amazing aspect of this day is giving your Mother an extraordinary Mother’s day gift. To see your Mother’s face when she gets a present is so contacting and special and will make her cheerful and fulfill you.

Mother’s Day is presently an overall occasion. It was a usual day back for India, yet now it is comprehensively celebrated by individuals, with various traditions. We are famous for our way of life and customs all around. We greet everything wholeheartedly, and this time, how could we not acknowledge an occasion which is completely dedicated to moms.

Mother, whom we place above God, is the main person of our lives. Whatever we are today would have been unthinkable without her influence. She showed us mankind. She showed us how to get into this world. We are profoundly obliged to our mothers to pay back even if we try throughout our lives.

We are very much aware of these things. However, the issue is that we don’t have sufficient opportunity to be thankful for the things that she accomplishes. We all are too much engaged in our work, and we start taking everything very lightly. So Mother’s day is a day when we can slightly change things. We can observe this day to acknowledge our Mother and make her feel happy.

This special event is one such occasion in a calendar year which any person can celebrate with their mums. An ideal start can be by giving a great present to your mom. If you are looking for gift ideas for moms, then you should continue reading. We have chosen the best gift ideas and consolidated them.

1. Cakes-Cutting, a cake at birthday events, is normal. But slicing a Mother’s day cake to commend your love for your mom is interesting. In this manner, gifting a cake will satisfy your Mother.

2. Flowers- If it is a quick and simple present for her,Mother’s day flowers will make her happy. Be it carnations or roses, or lilies, and flowers are one of the simplest gift ideas for Mother’s day. And it is easy to choose and buy this gift online as many sites offer special deals.

3. Sarees- In India, the traditional sari is the favorite of all moms. Thus when choosing the best gift for your mom, always consider a saree of her favorite color.

4. Chocolates- If your mom has a sweet tooth, then chocolates can be the best Mother’s day gift for her. You can send her a box of white or dark chocolate and endow her with some lovely sweetness for life.

5. Spa vouchers- Mothers work hard all day long and have the most thankless job. Why not give them a day at the spa to relax? You can choose spa vouchers as a present for your mom so that she can de-stress on one day and relax.

6. Present hampers-If you are unable to choose the best present for your Mother at that point, browse an online choice. Numerous online portals have present hampers involving chocolates, blossoms, cakes, and so forth. You can purchase a mom’s day present hamper on the web and ship it off to your Mother.

7. Cooking wares Mums invest a great portion of their time cooking for us. So, they will love any gift that makes their cooking much easier. Cooking wares can be a superb mom’s day present thought for mothers who will cook even better and more nutritious nourishment for us.

If you’re still unsure what to do for your mom at this special event, then browse through an online gifting site, and you will be able to pick the most suitable product for her. You can get home delivery where the present comes to her doorstep and makes her smile.

Jack To Jack Cable: Easy Way To DIY Your Way In

Can’t go out to buy the jack to Jack cable?Then why not just hack your way in by taking up one of those ‘Do It Yourself’ sessions to get yourself an alternative option until you get the real thing.

One of the most extensively used methods that have been adopted by many is by utilising the 3.5mm stereo audio jack. One can easily salvage the jack from the portable audio headphones.

Or take the cutoff headphone cords to source the jack that can be jacked into some other device’s application. With a little bit of ‘do this and that’, you will be able to connect the wires directly to the circuit of any device.

The DIY of TRS Audio Jack:

Before we jump into the ‘How-To’ of the method, we must understand the jack-to-jack cable connectors’ structurality. The standard connectors are divided into three parts, namely the tip, ring, and sleeves.

Generally, this kind of audio cable is seen in the headphone’s standard stereo that does not have the microphone. There are normally three ways in which you can wire it properly. These methods are mentioned below.

  1. There is a Copper wire ground sheath that is wrapped around two insulated wires that emit audio signals.
  2. There are two separate insulated wires. Each wire then has its signal wire along with a ground wire situated inside it.
  3. Separate insulated wires are used for the ground, right audio, and left audio situated inside one cable.

Generally, the red wires are considered to be the right audio channel; meanwhile, the blue one is for the left one.

Now let’s discuss the TRS Wiring Diagram

The wires are connected to place the left audio on the connector’s tip, followed by both the right audio and the ground consecutively on the connector.

Depending on the connector, you have to pin it inside the jack’s connector to jack cablehousing. From the tip, rings, and sleeves of the connector, you will see that different insulated wires have come out.

Generally, these wires are connected to particular parts of the connector. One goes straight to the tip of the connector, while the other one goes to the ring; meanwhile, the last one is connected with the ground.

Then there is a strain relief clamp. If you decide to put a mono input, you need to connect the left and the right audio channel wires.

Before establishing a connection, the identification of the wire is essential so that you bind it right; you have to solder them correctly on the right input channels in the circuit or the pin connectors.


If you think that this DIY will be applicable for the TRRS jack-to-jack cable,then you are wrong. Follow these steps to salvage the cable. If you cannot manage to do it, you know what you have to do. Buy them from your trusted shop to save you from going through all this hassle.