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<ul><li>The <keyword id="14750713" type="General" weightage="50" keywordseo="jsw-technology-hub" source="Orion">JSW Technology Hub</keyword> will help develop solutions for steel manufacturing in India. </li></ul><ul><li>Both will collaborate on research, training, and technical studies on new and sustainable steel technologies. </li></ul><ul><li>The <keyword id="14752497" type="General" weightage="50" keywordseo="sajjan-jindal-steel" source="Orion">Sajjan Jindal Steel</keyword> Professor Chair will be instituted at <keyword id="61708" type="General" weightage="80" keywordseo="iit-bombay" source="Orion">IIT Bombay</keyword> for research in sustainable steel manufacturing and its use. </li></ul>Indian business conglomerate <keyword id="13852" type="General" weightage="100" keywordseo="jsw" source="Orion">JSW</keyword> Group and one of India’s premier engineering institutes, <keyword id="6354859" type="General" weightage="80" keywordseo="iit" source="Orion">IIT</keyword> <keyword id="6356654" type="General" weightage="80" keywordseo="bombay" source="Orion">Bombay</keyword>, have tied up to establish a technology hub for developing solutions for steel manufacturing in India. JSW will provide financial and technical support to IIT Bombay for constructing the JSW Technology Hub. IIT Bombay is expected to complete the construction by FY28. The JSW Technology Hub will be established within IIT Bombay’s Center of Excellence in Steel Technology (CoEST). Its key objective would be to achieve expansion of quality steel production while curbing carbon emissions. “Our thrust on R&amp;D and product development has made us the largest and preferred supplier across categories. JSW Group’s strategic partnership with IIT Bombay is a progressive step on our ongoing journey to be future-ready,” said <keyword id="216472" type="General" weightage="50" keywordseo="seshagiri-rao" source="Orion">Seshagiri Rao</keyword>, joint MD <keyword id="45609" type="General" weightage="50" keywordseo="jsw-steel" source="Orion">JSW Steel</keyword> and group CFO. JSW and IIT Bombay will collaborate on research, training and technical studies on new and emerging steel technologies. IIT Bombay will also institute the Sajjan Jindal Steel Professor Chair to enable focused training and research on new and emerging technologies in steel manufacturing. A joint steering committee will be established with representation from both IIT Bombay and JSW Steel to steer the technical collaboration between the two entities. “This powerful combination will jointly leverage IIT Bombay’s knowledge-rich faculties and JSW’s technical capabilities to develop novel industrial applications for steel manufacturing with focus on low carbon emissions,” <keyword id="13864" type="General" weightage="50" keywordseo="sangita-jindal" source="Orion">Sangita Jindal</keyword>, chairperson of JSW Foundation, said. “Our CoEST has a vision to facilitate the Indian steel sector to become a world leader, “ Subhasis Chaudhuri, Director, IIT Bombay added.

IIT Bombay and JSW Group to establish a technology hub for steel manufacturing

<ul><li>On Wednesday, <keyword id="142901" type="General" weightage="20" keywordseo="saic-motor" source="Orion">SAIC Motor</keyword> and <keyword id="144036" type="General" weightage="20" keywordseo="jsw-group" source="Orion">JSW Group</keyword> made a grand announcement of their joint venture, <keyword id="21026216" type="General" weightage="100" keywordseo="jsw-mg-motor-india" source="Orion">JSW MG Motor India</keyword>.</li><li>The new company will launch its first car during the festive season and is set to launch two cars in 2024.</li><li>The company has claimed that it will launch a new car every three to six months in the country.</li></ul> Mumbai, March 20: Chinese auto giant SAIC Motor and Indian conglomerate JSW Group have partnered to launch a new joint venture, named JSW <keyword id="5287148" type="General" weightage="20" keywordseo="mg-motor" source="Orion">MG Motor</keyword> India. On Wednesday, Sajjan Jindal, the chairman of the JSW Group, announced the JV’s ambitious new plans at an event here. The marque of MG Motor, whose portfolio includes the MG ZS EV, MG Comet, MG Astor and others in India, is owned by SAIC Motor. <cmsannotation type="cmsannotation" annotationid="Leveraging the strengths" comment="subhead" text="Leveraging the strengths">Leveraging the strengths</cmsannotation> The JV is aimed at using SAIC Motor’s expertise in the auto sector and the JSW Group’s manufacturing experience in the country. JSW MG Motor India will produce both electric and internal combustion engine (ICE) vehicles. JSW Group will also bring in the expertise of its group companies, such as JSW Energy to improve its infrastructure in the country. The JSW Group recently received approval from the Competition Commission of India (CCI) to acquire a 35% stake in MG Motor India. Parth Jindal, son of Sajjan Jindal and Sangita Jindal, has been appointed as a member of the steering committee of JSW MG Motor India. <cmsannotation type="cmsannotation" annotationid="A new car every three to six months" comment="subhead" text="A new car every three to six months">A new car every three to six months</cmsannotation> Speaking about the company’s ambitious plans, Sajjan Jindal said that the company will launch a new car every three to six months in the country. The first launch from the company will arrive during the festive season, in October 2024. The company aims to launch two cars in 2024. The first launch from the company is expected to be the MG4, which was showcased at the event in Mumbai on Wednesday. JSW MG Motor India aims to expand its production from the present 1 lakh units per year to three lakh units per year. To achieve this, the company will expand its production capacity at its Halol plant in Gujarat. These cars will be manufactured in India for both domestic consumption and exports. In addition, the company will also set up a new research and development facility in the country, Jindal added. <cmsannotation type="cmsannotation" annotationid="JSW MG Motor India will create a NEV Maruti moment" comment="subhead" text="JSW MG Motor India will create a NEV Maruti moment">JSW MG Motor India will create a NEV Maruti moment</cmsannotation> Speaking about how Maruti dominated the Indian auto market by launching new cars in the 1990s, Sajjan Jindal said that JSW MG Motor India wants to create a Maruti moment for new energy vehicles in the country and lead the segment by 2030. The company has said that it will also foray into the premium vehicles segment in India. It showcased the <keyword id="9206504" type="General" weightage="20" keywordseo="mg-Cyberster" source="Orion">MG Cyberster</keyword> at the event and announced that the car would soon make its India debut. The new JV will also focus on the emerging new energy vehicles (NEVs) in the country. Parth Jindal said that the company plans on capturing 33% of the NEV market by 2030 and aims to sell 1 million EVs in 2030. India will move from its current market of 4 million cars per year to 10 million cars a year, as per Jindal. While MG Motor’s sales in India reported decent growth in February 2024, the company is not among the country’s top five players. The company sold 4,532 vehicles in February 2024. SAIC Motor is a global Fortune 500 company with annual revenues of around US $110 billion, while the JSW Group is one of India’s leading global business conglomerates with US $23 billion in revenues across diversified businesses. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/mobile-number-portability-revamped-to-reduce-sim-swap-frauds-here-are-the-new-rules/articleshow/108613683.cms">Mobile Number Portability revamped to reduce SIM swap frauds – Here are the new rules</a> <a href="https://www.businessinsider.in/business/auto/news/new-ev-policy-elon-musks-tesla-may-soon-enter-india-as-import-taxes-slashed-for-electric-vehicles/articleshow/108527306.cms">New EV Policy: Elon Musk’s Tesla may soon enter India as import taxes slashed for electric vehicles</a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-creta-n-line-enters-indian-market-with-four-variants-starting-at-16-82-lakh/slidelist/108426938.cms">Launch alert: Hyundai Creta N Line enters Indian market with four variants, starting at ₹16.82 lakh</a>

JSW Group and SAIC Motor’s JV ‘JSW MG Motor India’ set to up production to 3 lakh vehicles a year with a new car every 3-6 months

<ul><li>Hospitals are sending out SOS messages on social media platforms for <keyword id="905962" type="PERSON" weightage="20" keywordseo="oxygen-supply">oxygen supply</keyword>. The government is facilitating oxygen transport through air, rail and road to bring up the supply of oxygen to cities across India.</li><li>There’s also an acute shortage of oxygen concentrators and cylinders.</li><li>To solve the problem, business leaders are chipping in to import oxygen cylinders and concentrators into India.</li></ul>India is currently battling a major second wave of the COVID-19 pandemic, with an alarming oxygen supply crisis. Hospitals are sending out SOS messages on social media platforms to get more oxygen supply, while doctors are breaking down as the situation worsens. The government is facilitating oxygen transport through air, rail and road to bring up the supply of oxygen to cities across India. There’s also an acute shortage of oxygen concentrators and cylinders. In fact, Apollo Hospital’s joint managing director Dr Sangita Reddy has <a href="https://www.youtube.com/watch?v=B-M442s-1ng&amp;ab_channel=IndiaToday">repeatedly</a> stressed that India isn’t facing a shortage of oxygen, but is lacking an adequate number of tanks and cylinders. And in the situation, lending a helping hand are India’s corporates. Earlier, Asia’s richest man Mukesh Ambani opened up his Jamnagar plant for supply of oxygen to <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword>, which remains the worst hit state in the country. He was joined by industrialists like Ratan Tata of the <keyword id="6355725" type="COMPANY" weightage="20" keywordseo="tata-group">Tata Group</keyword> and Naveen Jindal of Jindal Steel and Power, who are facilitating the supply of oxygen from their steel plants. Now, startups, corporations and investors are looking to import oxygen cylinders and concentrators into India. Indian conglomerate ITC announced today that it would airfreight oxygen cryogenic containers to help ease the crisis. “ITC Limited has tied up with Linde India Ltd. to airfreight 24 cryogenic ISO containers of 20 tons each from Asian countries for use by them to transport medical oxygen across the country,” the company said in a statement, on Saturday. E-commerce giant Amazon announced that it will bring in 10,000 oxygen concentrators and BiPAP machines into India. It has partnered with the likes of ACT Grants, Temasek Foundation, Pune Platform for COVID-19 Response (PPCR) to import the supplies from Singapore. Startups, too, aren’t far behind. Logistics unicorn Delhivery’s chief executive officer Sahil Barua wrote on LinkedIn today that they are ‘flying charters into India with oxygen concentrators and other essential supplies and can build more capacity on demand’. Barua is already helping out people with oxygen concentrators on demand. Recently, publicly listed online aggregator EaseMyTrip confirmed to Business Insider, that the founders of the firm are allocating resources to import oxygen concentrators into India. Rikant Pitti, the chief operating officer and co-founder of the company, wrote, “After 4 days of extensive research and audit, we were able to find legit suppliers to import 150 pieces of oxygen concentrators.” Top Indian venture capitalist Shailendra Singh, of <keyword id="122716" type="COMPANY" weightage="20" keywordseo="Sequoia-Capital">Sequoia Capital</keyword>, recently took to Twitter to say that they are too looking for ways to import oxygen concentrators. <div type="twitter" handle="singh_sequoia" handlename="Shailendra J Singh" image="http://pbs.twimg.com/profile_images/528235733786443776/p9rVVhqX_normal.jpeg" favoritecount="1027" retweetcount="776" status="We are urgently looking for avenues to import Oxygen Concentrators into India. Anyone have information on foreign s… https://t.co/RtmzZWlrZx" createdat="1619253304000" id="1385874923114045440"></div> Meanwhile, French gas giant Air Liquide SA recently <a href="https://www.bloomberg.com/news/articles/2021-04-23/oxygen-giant-diverts-supply-to-india-s-overwhelmed-hospitals">announced </a>that it is diverting its oxygen supply from India’s industrial sector to hospitals in the country. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/covid-19-pandemic-has-thrown-the-spotlight-on-a-five-year-old-startup-with-emergency-ambulance-service/articleshow/82229745.cms">COVID-19 pandemic has thrown the spotlight on a five-year old startup with emergency ambulance service⁠</a> <a href="https://www.businessinsider.in/india/news/the-covid-19-crisis-would-be-much-worse-without-these-good-samaritans-of-india-providing-home-cooked-food-financial-assistance-and-medicines/slidelist/82230244.cms">The COVID-19 crisis would be much worse without these good samaritans of India providing home-cooked food, financial assistance and medicines</a>

Indian corporates, VCs and startups are now looking to charter flights and import oxygen cylinders and concentrators into the country

New Delhi, Apr 14 () India Inc on Tuesday said the nationwide lockdown extension was necessary to avert a humanitarian crisis, but insisted on the need for a stimulus package to rebuild the economy hit hard by the Covid-19 pandemic. Earlier in the day, Prime Minister Narendra Modi announced that the current lockdown will be extended till May 3, saying it is necessary to contain the spread of the novel coronavirus in the country. He said detailed guidelines on implementation of the new lockdown will be announced on Wednesday, and some relaxations may be allowed after April 20 in places where there are no hotspots. The catastrophic effect of the lockdown on the overall economy and livelihoods of lakhs of migrant workers triggered severe concerns following which a number of state chief ministers in their video conference with Modi on Saturday sought some sort of relaxation for a number of sectors. Late last month, the government announced a Rs 1.7 lakh crore package aimed at providing relief to those hit hard by the lockdown as well as an insurance cover for healthcare professionals handling virus infected people. "Estimates show that India may be losing close to Rs 40,000 crore daily due to the national lockdown with an estimated loss amounting to Rs 7-8 lakh crore during the past 21 days," said Ficci President Sangita Reddy. Further, it is also expected that close to 40 million jobs are at risk during the period April-Sept 2020. Hence, an urgent relief package is also critical, she said. She observed that the Prime Minister's directions on graded opening will help start some production activity to ensure that as soon as lockdown opens, there are no shortages faced. CII Director General Chandrajit Banerjee said the Covid-19 curve trajectory as of now required a fitting containment response and Prime Minister's decision for continuation of the lockdown is necessary to avert a larger humanitarian crisis. "Prime Minister has also provided a guidance on exit from the lockdown after 20 April which helps industry plan better. "The extension gives the government adequate preparation time to organise an orderly and safe restart of the economy as and when health conditions permit. Industry too can devise its strategies for commencing operations accordingly duringthis extension period," Banerjee said. IT industry body Nasscom said the extension announcement by the government will help India to build on the containment strategy of the last three weeks and strengthen our readiness to support the post lockdown phase. "We are also happy to note the relaxation of restrictions in green zones and hope the government will also announce the economic stimulus packages soon so that we can start focusing on rebuilding the economy. Saving lives and livelihood has to go hand in hand, " it added. Ratul Puri, Chairman Hindustan Power, said while lockdown and social distancing are the only two remedies for fighting the pandemic, there is a widespread impact on the businesses and the overall economy. "Extension of lockdown is a well thought out and much-needed plan in wake of the threats posed by Covid-19. Prime Minister's decision to monitor the effectiveness of implementation and then gradually offer relaxations post 20 April must be welcomed," said Naveen Jindal, Chairman, Jindal Steel &amp; Power Limited. The lockdown that came into effect on March 25 was to expire on midnight of April 14. RSN ANSANS

India Inc stands by lockdown extension call; seeks stimulus package to rebuild economy

New Delhi, Jun 21 () With the world celebrating International Yoga Day on Sunday, leaders of Indian industry reiterated the significance of the ancient practice, especially during the coronavirus pandemic. While the practice of 'Namaste' has become the international symbol of maintaining physical distance and staying safe, the power of yoga in boosting mental fitness has also become significant, they said. "Namaste, in this time of COVID-19, has become not just an Indian but an international symbol of maintaining physical distance and staying safe. Namaste when combined with yoga, which is a way of life and part of our culture and heritage becomes one of our weapons to fight against the invisible virus," Ficci President Sangita Reddy said. Expressing similar views, Biocon Chairperson Kiran Mazumdar Shaw tweeted, "As we celebrate the virtues of yoga on physical fitness, Covid19 reminds us of the power of yoga in mental fitness too. Let's celebrate International Yoga Day 2020 with the strength of body and mind to fight the virus." "Yoga is a good way to keep the mind and body in a good healthy rhythm. In an ageing body yoga keeps one flexible and functioning well," Mahindra Manulife Mutual Fund MD and CEO Ashutosh Bishnoi said. Sharing his personal experience on the benefits of yoga, Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal said, "Yoga has had a great effect on my life. It has given me calmness and flexibility, and has helped me improve my performance in shooting and polo. Embrace Yoga, stay healthy." Oil Minister Dharmendra Pradhan tweeted, "Yoga furthers the spirit of oneness. It is not just meditation but a way of life. Celebrated #InternationalYogaDay - Yoga at home, yoga with family. Sincere gratitude to Hon. PM Shri @narendramodi for popularising the ancient Indian science of yoga." "Yoga has emerged as a force for unity and deepens the bonds of humanity - PM @narendramodi ji. Yoga in everyday life helps harmonise body and mind," he said in another tweet, sharing pictures of him doing yoga at home. Oil and Natural Gas Corp (ONGC) Chairman Shashi Shanker and Indian Oil Corp (IOC) Chairman Sanjiv Singh also performed yoga routines at home. "Yoga boosts fitness by improving sleep, busting stress, building immunity and strengthening heart. Practicing yoga everyday can lead to better mental and physical fitness," ONGC tweeted. "Join the IndianOil family as we further the Hon'ble PM's vision of 'Yoga at home and Yoga with family', this #InternationalDayOfYoga and practice safely at home. A few glimpses of how @ChairmanIOCL took up the challenge," IOC tweeted, sharing pictures. Assocham Secretary General Deepak Sood said the International Yoga Day is a good reminder of staying fit for the large number of corporate personnel who have been working from home for almost three months with least physical activity. ''We need to ensure that the COVID-19 imposes the minimum of a cost on India's precious human resource; and the Yoga can be an effective shield," he added. Coal and Mines Minister Pralhad Joshi said in a tweet, "#Yoga helps in boosting our immunity and is most effective way to fight against #COVID19. Let's make yoga a regular part of our life and build a healthy nation. #InternationalYogaDay." "A simple and convenient means to attain overall fitness &amp; well-being, Yoga not only energises our mind &amp; body but also helps us heal from stress &amp; anxiety. On 6th #InternationalYogaDay, let us make make Yoga an integral part of our lives for a healthier tomorrow," Minister for Women and Child Development and Textiles Smriti Irani tweeted. RSN RKL ANZ ABM ABM

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IIT Bombay and JSW Group to establish a technology hub for steel manufacturing

Eetika Kapoor

JSW Group and SAIC Motor’s JV ‘JSW MG Motor India’ set to up production to 3 lakh vehicles a year with a new car every 3-6 months

Sourabh Jain

Indian corporates, VCs and startups are now looking to charter flights and import oxygen cylinders and concentrators into the country

Sanchita Dash

India Inc stands by lockdown extension call; seeks stimulus package to rebuild economy

PTI

India Inc leaders reiterate significance of yoga in COVID-19 times

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