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Tuesday,03-August-2021

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realme TechLife will help budding brands ‘make’ in India: Madhav Sheth

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Fast-growing smartphone brand realme on Thursday launched a new initiative called TechLife, where the company will help other budding brands with similar dreams to make more versatile technology products in the country.

The brand, which cemented its position in the India market for its Artificial Intelligence of Things (AIOT) products in 2020, is set to launch a comprehensive AIoT range this year.

“We will be supporting our partners who have joined the ‘realme TechLife’ platform with our product, R&D, supply and quality assurance. We leave options to onboard brands to choose their original equipment manufacturer (OEM) partners freely,” Madhav Sheth, Vice President, realme and CEO, realme India & Europe, told IANS.

“Some brands also own their own factories. In case any brands need support of a local OEM, realme will provide all the support in figuring out local OEM partners for them, who could help them manufacture their products and give the best quality assurance,” Sheth elaborated on the sidelines of the launch of realme X7 5G and X7 Pro 5G smartphones in the country.

The company aims to launch over 100 new AIoT and lifestyle products in 2021 – from TWS, affordable smart TVs, smart plugs, trimmers, smart bulbs and more.

Sheth said that the company has received several applications and have started early-stage discussions with multiple companies who are interested to join the realme ‘TechLife” project.

“Soon, you may see some exciting products from other brands that are marked by the ‘realme TechLife’ logo,” he added.

To be part of the “realme TechLife” project, the company will select products with enough potential with high-user demand, seek product concept of high quality and high value, uniform design language, quality assurance and internet experience.

According to Sheth, realme fans will see a versatile and exciting AIoT product portfolio in the coming months.

“Realme aims to be No 1 in smart audio brand, including TWS and neckband and no 1 in smartwatch category,” Sheth said.

“To begin with, there will be new generations of our best sellers in 2021 — Realme Buds Air, Realme Buds Q, Realme smart TV, etc,” he informed.

According to IDC, Realme Watch was the most shipped device in India in the last two quarters, with a market share of 21.3 per cent and 24.1 per cent in Q2 and Q3, respectively.

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Business

Essar Oil UK announces appointment of Chief Executive Officer

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The Board of Directors of Essar Oil (UK) Limited on Monday announced the appointment of Deepak Maheshwari as its Chief Executive Officer.

EOUK’s Stanlow Manufacturing Complex is a key strategic national facility, annually producing over 16 per cent of the UK’s road transport fuels.

Maheshwari joins EOUK at a transformative juncture as it accelerates its transition to a ‘Low Carbon Energy Provider’ of the future.

As CEO, Maheshwari will work closely with the EOUK Board on the delivery of a number of strategic energy transition projects which are aimed at making Stanlow a green refinery to meet the post-carbon needs of a progressive UK.

Amongst these are HyNet (a low carbon hydrogen energy and carbon capture project) which will transform the North West of England and North Wales into one of the world’s first low carbon industrial clusters, together with the building of a Biofuels business which will include production of both renewable diesel and sustainable aviation fuel (SAF).

With more than 25 years’ senior leadership experience, across the utilities, energy, and infrastructure sectors in Europe and Asia, Maheshwari will lead an experienced management team and further strengthen corporate governance within the ESG framework.

Most recently, Deepak was CFO and Head of Strategy at Adani Ports and Special Economic Zone Limited, India’s largest commercial multi-port operator. He was previously CFO of Essar Energy Limited.

EOUK Chairman, Prashant Ruia, said: “We are delighted to welcome Deepak to EOUK. His immense corporate experience will prove invaluable during such an important period of growth for the company, which is aiming to be a leading player in the transition towards a sustainable society by delivering cleaner energy solutions.”

“I am delighted to be joining EOUK as Chief Executive Officer and look forward to building on the impressive legacy that Essar colleagues have created. The UK’s green economy continues to develop and flourish and the Board and I will work hard to ensure EOUK sits at the fulcrum of the UK’s sustainable, low carbon future.”

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Odisha records 54% growth in GST collection in July

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Odisha recorded 54 per cent growth in Goods and Services Tax (GST) collection in July as compared to the corresponding month of the previous year, officials said on Monday.

According to an official statement issued by the office of the state GST commissioner, Odisha collected GST worth Rs 3,615 crore in July 2021 as against Rs 2,348 crore collected in July last year.

This growth rate of GST in Odisha is the second highest among all major states in India after Maharashtra, the statement said.

GST collection till July end of this financial year is Rs 13,661 crore, as against Rs 7,540 crore collected till July last year, thereby recording a growth of 81 per cent.

The state collected Rs 927 crore in CGST, Rs 1,028 crore in IGST and Rs 592 crore in cess in July. Moreover, the total collection of VAT (petrol and liquor) was Rs 824.53 crore in July as against Rs 611.36 crore collected in July 2020, recording a growth of 34.86 per cent.

The revenue collection from liquor recorded a growth of 36.36 per cent, officials said.

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Will Goa resume mining? Industry dependents seek clarity

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Days after the Goa assembly passed the Goa Mineral Development Corporation Bill 2021, paving way for setting up of the body to revive mining in the state, the Goa Mining People’s Front, an umbrella organisation for mining dependents in the state on Monday demanded a timeline for resumption of mining activity.

The Front, a collective of now-unemployed mining industry workers and owners of businesses linked to the industry, has also said that the bill passed in the state assembly to form the Corporation had no roadmap for revival of mining.

“There is transparency required on how this is going to enable early resumption of mining in Goa and restore the livelihood lost which is more vital in current circumstances. The bill does not spell out any intent about protecting the interest of local people by creating employment,” a statement issued by the Front’s president Puti Gaonkar said.

“The current bill does not mention about induction of workers or trucks directly by corporation so the interest of local people does not form a part of the bill. Goans have faced a lot of hardships because of repeated bans on mining in the last one decade and are now looking for stable and sustainable livelihoods,” the statement said.

Mining activity in Goa was banned by the apex court first in 2012, following the unearthing of a Rs 35,000 crore scam by a judicial commission appointed by the central government. But was resumed in 2015 with restrictions, before it stopped again after the apex court found irregularities in renewal of 88 mining leases and stopped all ore extraction activity from March 2018.

According to Chief Minister Pramod Sawant, forming the Corporation would enable the state government to fast-track resumption of mining activity in the state.

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