BENGALURU BASED EV START UP 'RIVER'.LAUNCHES ' INDIE',THE SUV OF SCOOTERS. PRE ORDERS ARE OPEN, DELIVERIES TO COMMENCE FROM AUGUST,2023.

 Bengaluru based electric vehicle start Up 'RIVER'  launches 'INDIE',the SUV of Scooters. Indie is conceived & designed in the River R&D Facility in Bengaluru and will be manufactured in the River factory in Hoskote spanning over 1,20,000 Sq.ft.

" River's mission is to improve the day to day lives of people through a design-first approach.Our first product 'Indie' is a bold statement,combining Two different offerings-Utility & Lifestyle.It will be the most sensible scooter with the right mix of practicality,capability & style,"said Mr.Aravind Mani Co-Founder & CEO of River.

Indie features 14" wheels,the first of its kind in any electric scooter being sold in India.The large wheels offer a commanding riding position with great ride-ability and manoeuvrability on a variety of road conditions.The scooter has the largest storage in any scooter with a massive 43 L under seat storage and a 12L in front glove box.The signature twin beam head lamps and an unique tail lamp design give the scooter a distinct look while ensuring maximum visibility on the road.

The unique combination of design elements and technical specs gives Indie a distinct character,something  that inspires you to do more and be more" says Mr.Vipin George,Co-Founder & Chief Product Officer at River.

The riding position is ergonomically designed to comfortably accommodate individuals of different heights.The powerful motor with a peak power of 6.7kWcan take indie to a top speed of 90 kmph and have a gradeability of 18 degrees.Indie is priced at Rs.1,20,000/- (ex showroom Bengaluru).Pre orders are open on the river website with deliveries starting from August 2023. 

FEDERATION OF INDIAN GRANITE & STONE INDUSTRY ORGANISES 15th EDITION OF STONA 2023.

 The 15th edition of Bi annual STONA 2023,the third largest International Stone Fair began yesterday in Bangalore International Exhibition Centre (BIEC) yesterday.A flagship initiative of the Federation of Indian Granite & Stone Industry (FIGSI) will go on till 18th February,2023.STONA has come a long way since its first edition in 1987,having grown by leaps & bounds over the last four decades,enabling exports to cross Rs.15,000 crores by year 2022.The investment in the stone industry likewise has witnessed a steep climb in the country during this period crossing Rs.50,000 crores and employing over 2 million. The 15th edition of STONA 2023 is expected to generate business over Rs.1000 crores in natural stones.

STONA is a bi annual event in the stone industry that provides a platform for manufacturers,exporters suppliers and service providers to showcase their products,services and technology. " STONA is great oppurtunity for the stone industry to network and collaborate,as well as to stay up-to-date with the latest developments and trends in the industry" says Mr.Ishwinder Singh,President, FIGSI. Whether you are a manufacturer,exporter,supplier or service provider,STONA is an excellent oppurtunity to promote business,make new contacts and stay up to date with the latest developments in the industry added Mr.Manoj Kumar Singh, Chairman,STONA & Vice President FIGSI.

STONA 2023 was inaugurated by Mr.Halappa Achar,Minister of Mines & Geology,Govt. of Karnataka. India is home to the second largest deposit of natural stones in the world,with 15% of the world's natural stone reserves,equivalent to 46.23 billion cubic metres.The country is also one of the top 5 granite producing countries along with China & Brazil.

Mr. S.Krishna Prasad, General Secretary, FIGSI said," Currently there is huge accumulation of Quarry waste which is a major threat to environment.This waste needs to be constructively utilised as a value added product as well as meet social issues such as prevention of coastal erosion,use of aggregates and M-sand as replacement for natural river sand ,usage in road construction,to name a few. In short, the waste needs to be viewed as an asset and used in accordance as done in countries like China."

With the right policy support in place that is conducive for growth of the natural stone industry,the annual growth going forward can be expected to reach 10-15% ,aided by an increase in exports to the tune of 15 to 20%. Creating conducive atmosphere will also push up investments to  Rupees One  lakh crores from the current Rs.50,000 crores thus providing  employment to an additional 15 lakh skilled and semi skilled workers in both rural & semi urban areas.

CANARA BANK GETS NEW M.D AND CEO.

 Mr.K.Satyanarayana Raju has been appointed as New Managing Director & CEO of Canara Bank with effect from 07.02.2023. Earlier, he was Executive Director of  Canara Bank. He is a Physics Graduate,Post graduate in Business Administration (Banking & Finance) & CAIIB.