Confederation of Indian Industry (CII), Green Business Centre Organizes 12th Edition of ‘GreenCo Summit’ in Pune
The Confederation of Indian Industry (CII), Green Business Centre recently organized the 12th edition of the ‘GreenCo Summit’ in Pune. The event aimed to promote and emphasize the adoption and implementation of green practices in the Indian industry, which can significantly benefit both buyers and sellers, as well as the overall industry.
During the summit, a GreenCo annual report was released along with the GreenCo Rating System Version IV guidelines and GreenCo Publication – An Enabler of Net Zero. Companies achieving or retaining Platinum+ and Platinum GreenCo ratings were felicitated on this occasion for their exceptional efforts in adopting green practices.
Simpl Organizes ‘D2C Unlocked’ Startups Connect Initiative in Pune
Simpl, an organization focused on providing seamless payment solutions, recently organized the ‘D2C Unlocked’ startups connect initiative in Pune. The event brought together Direct-to-Customer (D2C) merchants from Pune for discussions centered around building and scaling brands through knowledge sharing and collaboration.
The founders’ event saw active participation from city-based founders, including Nandu Singh, founder of Nursery Live, Anushka Iyer, founder of Wiggles (an omnichannel pet care brand), and Sayalee Marathe, founder of Aadyaa (a handmade silver jewellery brand). Simpl announced its ambitious plan to onboard over 4,000 merchants, including D2C brands from Maharashtra, onto its full-stack Checkout Network within the next 2-3 years.
ProjectHero Introduces AI Chatbot Ustaad AI for Construction Workers
Construction-tech startup ProjectHero recently launched Ustaad AI, an AI-powered chatbot designed to benefit construction workers and small to mid-sized contractors. The chatbot provides workers with swift access to enhanced skills and knowledge, thereby increasing work efficiency. Ustaad AI serves as a virtual concierge for all app users and is specifically designed to help construction workers understand the intricacies and techniques of their work. The chatbot is available in various Indian languages to ensure user-friendliness and convenience for workers who may not be proficient in English.
FarMart Launches Tech Platform Saudabook for Food Processing Sector
FarMart, a platform focused on establishing a direct farm-to-business supply chain, recently launched Saudabook, a tech platform catering specifically to the food processing and manufacturing sector. The start-up has built data and commerce products to facilitate the supply chain of high-quality and verified agri-produce. With a network of 32 lakh farmers, 250,000 village-level aggregators, and 2000+ processors and large food businesses, FarMart aims to streamline the food processing industry by connecting various stakeholders through its tech platform.
Hendrickson Launches Innovative Air and Mechanical Suspensions and Axles for Trailer Applications
Hendrickson, a global leader in suspension systems and components for commercial vehicles, announced the launch of their innovative air and mechanical suspensions and axles specifically designed for trailer applications in India. The Indian market currently witnesses an annual demand of about 40,000 trailers, with mechanical suspensions holding approximately 70% of the market share. Hendrickson aims to cater to the growing market by introducing a dual brand strategy, offering premium and cost-effective, locally manufactured products. The introduction of these advanced suspension systems and axles will not only enhance road infrastructure but also meet the evolving customer expectations in the commercial vehicle segment.
Poonawalla Fincorp Completes Controlling Stake Sale of Poonawalla Housing Finance Limited (PHFL)
Poonawalla Fincorp Limited announced the successful consummation of its controlling stake sale in its housing finance subsidiary, Poonawalla Housing Finance Limited, to Perseus SG Pte. Ltd., an entity affiliated with TPG Global LLC. With this stake sale, PHFL ceases to be a subsidiary of Poonawalla Fincorp, and Perseus SG Pte. Ltd. now holds a controlling equity stake in PHFL. Poonawalla Fincorp received a post-tax consideration of ₹3004 crore for its stake sale, marking a significant step in its strategic growth plans.
