Business Buzz 24

  Chandigarh : In a bid to build an investment ecosystem for startups of the region, Punjab Angels Network (PAN) held the ‘Start-up Investment Summit’ here at Hotel JW Marriot in which around 250 investors, startups, bureaucrats and top businessmen participated. “An ecosystem and uniquely designed investment model is the need of the hour for the region. Startups are fast emerging as major job providers. They are the real cushion of the economy. They need to be helped. Due to knowledge gaps about emerging technologies and the way these are being harnessed by startups, funding of startups remains a challenge,” said Sahil Makkar, Chairman and CEO (CCEO) of Punjab Angels Network. Makkar, who is also a  chartered accountant, alumnus of Indian School of Business (ISB) and Executive Education from the Indian Institute of Management (IIM), Bangalore, said that the major problem which is creating hurdles in the growth of startups in the region is the fact that MSMEs, which a...

Kanwal Jeet Jawa, C MD, Daikin India  Chandigarh : Daikin Air-conditioning India Pvt. Ltd., a 100% subsidiary of Daikin Industries Ltd., Japan , the world’s no. 1 air-conditioning company launched a new range of split room ACs indigenously conceptualised and manufactured for the discerning Indian consumers. This new U Series range boasts of future ready technologies that empower the customers to manage the quality of air conditioning across their premises. K J Jawa, Chairman   & Managing Director, Daikin India , said, “At Daikin we have a Vision for – ‘Make in India ’ products that are designed to serve the needs of every Indian. With ACs now becoming a necessity, there was a need for a radical change in product innovation and standards in order to serve the emerging consumer aspirations. The new range of Daikin AC’s will empower the growing Indian population to upgrade from outdated and older technologies without any impact of high energy consumption charges.” “We h...

  Chandigarh :  Startups of Punjab are expecting a lot from the state’s new Chief Minister, Bhagwant Mann, to accelerate their pace of expansion and growth, which will eventually help the state create jobs which is a pressing need. As the new CM took oath in Khatkar Kalan today, Punjab Startup Inc. announced a wish-list for the new CM. IT entrepreneurs of Punjab feel that startups have the potential to drive Punjab ’s holistic development sustainably. However, there are stumbling blocks that the new CM needs to remove. “The major issues needed to be addressed are making the International airport fully functional, technical workforce availability and technology ecosystem. A vicious circle of classroom teaching has been created course after course with department heads not encouraging students to opt for internships and jobs and pushing them for higher studies. As a result, there is always a workforce shortage in the IT industry. Tech education needs to be enabled at t...

Chandigarh :  MG Motor India today announced the launch of its ZS EV. The all-new ZS EV comes with the largest in-segment 50.3 kWh battery with advanced technology, offering a 461 km certified range in a single charge.   The ZS EV will be available in 2 variants (Excite & Exclusive), priced Rs 21,99,800 and 25,88,000, respectively. While the bookings for the exclusive variant starts now, bookings for the excite variant will start from July 2022.   Rajeev Chaba, President & Managing Director, MG Motor India, said,   “The demand for ZS EV has been encouraging since its launch, and the all-new ZS EV will further strengthen the brand connect with our EV customers. ZS EV has been a global success in key markets, including the UK , Europe and Australia . Committed to the future of electric mobility in India , we ensure a superior ownership experience by building a robust & sustainable EV ecosystem. With the all-new ZS EV, we are confident to change the...