Hosur (Tamil Nadu) [India], February 23 (ANI/NewsVoir): TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, today announced the appointment of Timothy (Tim) Prentice as Vice President – Design at TVS Motor Company. Tim is among the most acclaimed motorcycle designers globally, with significant motorcycle design milestones and accolades to his credit.
Tim brings on board 35 years of enriching experience in motorcycle design, project management and product development. Tim’s appointment is expected to further boost TVS Motor Company’s ability to stay ahead of rapid changes in design trends and maintain its competitive edge in future technology. Specialised in advanced design planning, Tim’s experience in designs for high-performance electric vehicles will augment the company’s EV line-up design to the next level.
Speaking on the appointment, KN Radhakrishnan Director & CEO, TVS Motor Company said, “We are delighted to have Timothy Prentice join us to oversee design solutions for future mobility. Tim has always crafted modern and inspiring designs during his career as a designer and a leader of global teams. He has been a thought leader in the areas of electric motorcycling and future mobility solutions. I am confident that Tim will greatly enhance our ability to bring our design philosophy to the next generation of vehicles. His vast experience will advance TVS Motor Company’s long-standing design focus to meet the rapidly changing needs of our esteemed customers in this dynamic new era.”
Through his design studio ‘Motonium Design Inc’, Tim has worked on the design, project management and creative direction for clients such as Mission Motors, Triumph Motorcycles, Polaris, Windecker Aircraft, BMW Motorrad, Aprilia, Honda R&D, Disney Studios and Yamaha. He is credited with designing iconic motorcycles such as Triumph Thunderbird (2009) and Triumph Speed Triple (2011).
Tim has designed Mission Motor’s Mission R (2010) electric motorcycle, which won him and his firm multiple accolades, including the prestigious Red Dot and Core 77 Industrial Design Awards. Tim’s involvement in the project resulted in the Mission R being hailed as a stunning electric race bike with a design that imbibes the racing ethos of Mission Motors.
Timothy Prentice, Vice President – Design, TVS Motor Company said, “I am very excited to be a part of the TVS Motor Company’s design studio. Over the years, I have witnessed a dynamic shift in TVS Motor products’ mobility design as they imbibe futuristic innovations while keeping customer experience at the centre of the offering. I look forward to becoming a part of this journey and work with the team to realise innovative future designs for our next generation two-wheelers.”
Tim began his career with Honda R&D, Raymond, where he was responsible for concept design development of motorcycles, ATVs and PWCs. He holds a Bachelor of Science degree in the field of Industrial Technology from California State University.
Further, he graduated with distinction, top of the class, in Art Center College of Design, Pasadena, California, where he was awarded the first “William Mitchell” scholarship for ‘Outstanding Promise in Transportation Design’.
TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries.
We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years.
For more information, please visit www.tvsmotor.com.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
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Future careers 2021: Product Strategy and its relevance beyond 2021
New Delhi [India], February 25 (ANI/Mediawire): Would you have heard of an app developer or podcast host some years ago? It’s unlikely because not only were they not prevalent, they were also not formalised.
Every change of technology brings about new roles and jobs – which makes it difficult to plan for a future career. Help is at hand though – experts in education identified career trends that will be even more relevant tomorrow.
Product Strategy: directing futures through product life cycles
Even the tiniest business needs to plan for every step and facet related to their product: where will their product come from? Who is their customer and how will they benefit? How will they ensure quality manufacturing and distribution? How do they differentiate themselves from the competition?
Behind every successful product is great product strategy. Centred on a business’s plans, decisions, and goals with regards to its product as well as its vision of how to achieve them, product strategy can bring ideas to life, and make them successful.
What do Indra Nooyi (Ex-CEO, PepsiCo), Susan Wojcicki (CEO, YouTube), Satya Nadella (CEO, Microsoft), and Sundar Pichai (CEO, Google) have in common?
They were all Product Managers.
Product managers, who are responsible for product strategy, are vital to the success of firms today. Their clarity and inputs are key to determining the following components:
* Product design
* Features and key characteristics
* Target audience
There have been multiple changes in the last few years: increased digitisation, the rise of big data and its subsequent insight-driven analysis, a growing focus on design, ever-increasing customer expectations, and multinational presences. Product strategy ensures that a company can not just do business across these challenges but also:
* Enhance customer delight
* Gain new customers and retain existing ones
* Increase customer value through the customer and product lifetimes
* Sell new services to existing customers
* Break into new markets, areas, or industries
* Increase mobile adoption
* Increase number of product ranges and offerings
Product management roles have grown an astounding 32 per cent in just two years from August 2017 to June 2019.
Is becoming a Product Manager easy?
You could be qualified in as little as five months. One of the top courses in product strategy is conducted by one of the Indian Institutes of Management (IIMs), long renowned for their quality of education and class of graduates.
The Professional Certificate Programme in Product Strategy is brought to you from IIM Kozhikode in partnership with Eruditus. Its aim is to help learners become industry-ready product managers and leaders proficient in business model development with customer-centric, value-driven product focus as well as the skills to efficiently navigate every stage of the product life cycle.
“In this tech-driven innovation era, competitive leadership lies in the connect between product innovation and ever-evolving customer expectations. This programme prepares professionals who deal with product/service or work in designing product strategy to expand their knowledge and build competencies in product strategy formulation,” Prof. Atanu Adhikari, the Programme Director of IIM Kozhikode, opines.
IIM-K’s comprehensive curriculum helps professionals at all stages of their career develop product-centric thinking for business growth. Unrestricted by the pandemic, IIM-K’s course offers live online instruction as well as complete immersion in collaboration with Eruditus Executive Education.
Making world-class education accessible: Eruditus
Over the years, ‘open learning’ has emerged on a global scale, albeit with single digit completion rates. For professionals focused on upskilling for career progression, programmes with immersive learning experiences are ideal. Eruditus offers courses from globally renowned names such as MIT Sloan, Columbia, Berkeley, and Dartmouth as well as highly regarded institutions such as the IITs, IIMs, and ISB at home. These meticulously curated programmes in a range of formats are redefining the role and efficacy of online pedagogy. In 2019 alone, the average online course completion rate for Emeritus (the online division of Eruditus) was over 80 per cent, with weekly ratings averaging to 4.5/5.
Whether you are mid-career or starting out, crafting a future-proof career is entirely within your reach. Take a leap online and get started on a whole new professional journey.
This story is provided by Mediawire. ANI will not be responsible in any way for the content of this article. (ANI/Mediawire)
3 months to CLAT 2021 exam | 5 easy tips to crack CLAT exam in 1st attempt
New Delhi [India], February 25 (ANI/Mediawire): CLAT 2021 or the Common Law Admission Test has developed a reputation for being one of the most difficult entrance exams to crack.
With 60,000 students appearing for the exam every year, only about 5 per cent of all the aspirants get into a National Law University. However, with the right type of preparation, it is possible for aspirants to crack the exam in their first attempt.
Structure of the CLAT 2021 Exam
Knowing what to expect on the examination and preparing accordingly is half the battle won. The CLAT is based on English, Legal Reasoning, Logical Reasoning, Quantitative Techniques, and Current Affairs. The last category includes General Knowledge.
The format and structure of the CLAT 2021 has also changed recently. The number of overall questions has been reduced from 200 to 150, while a comprehension section has been added where aspirants will be given passages of 300-450 words.
Aspirants must prepare for the examination according to the structure. This is where solving the CLAT Sample Paper 2021 can prove to be extremely valuable. Not only does it familiarise the aspirant with the structure and format, but it also helps them time their responses.
Each of the questions in the CLAT 2021 exam carries one point, while every wrong answer will result in a deduction of 0.25 points. It is essential that students attempt questions they are absolutely sure of, since wrong answers can result in lower points.
1. Start Now
With four months left for the CLAT 2021 exam, it is imperative that you get into high gear and start preparing immediately. The time left for the exam should be used wisely. Take a look at the syllabus, Previous Years’ Papers, and some CLAT Sample Papers 2021. Gauge which sections you need to put in extra effort and divide your time accordingly. You should cover the syllabus section-wise, followed by solving many CLAT mock test papers 2021 corresponding to the section.
Oswaal CLAT Sample Question Papers 2021 consists of 15 Sample Papers, prepared by Oswaal Editorial Board, after thorough research and analysis of the Exam Pattern & Syllabus for 2021. Each Sample Paper also includes latest typologies specified by NLU like Comprehension Based MCQs from Quantitative Techniques, Current Affairs including General Knowledge, English Language, Logical and Legal Reasoning.
Buy them here: https://bit.ly/3bAhm1a
2. Stay Consistent
You cannot afford to put the CLAT 2021 preparation on the back burner for something else. Consistent preparation is key to cracking the exam on your first attempt. You must study regularly, with short breaks to ensure your mind stays refreshed. Stick to your plan for preparation and stay consistent.
CLAT Mock Tests or Sample Papers 2021
CLAT Sample Papers 2021 by Oswaal Books can give you crucial insights into how your preparation is going while highlighting any areas that require extra focus. It will give you the chance to sharpen your analytical skills which are crucial for many of the sections in the CLAT paper. You should also time how long you take for each section and then attempt to improve any discrepancies. Oswaal CLAT Sample Question Papers 2021 include all the important examination tools like: NLUs 2020, 2019 & 2018 Cut-offs, Scheme of Evaluation up to January 2021 Exam, CLAT 2020 Paper with detailed explanations, ‘On Tips Notes’ for crisp revision and much more.
To buy them, click here: https://bit.ly/3bAhm1a
4. Be Motivated
As mentioned before, the CLAT 2021 examination is one of the hardest entrance examinations due to the number of aspirants and the limited seats. If you are not motivated or are attempting the exam for the wrong reasons, then you will only be met with disappointment.
Use the resources around you like productivity apps, fellow CLAT aspirants, and mentors to stay motivated during your preparation for the examination.
5. Subject-wise Preparation
Here are some subject-specific tips you can use to improve your chances on the CLAT 2021 exam.
English: Read good newspapers like The Hindu, The Telegraph, and The Indian Express to improve your vocabulary and comprehension skills. You can also use a good grammar book to brush up on your grammar skills.
General knowledge and current affairs: GK can be prepared for using a good book for general knowledge since the information is mostly static. You will need to add monthly current affairs magazines like The Caravan to your reading list of daily newspapers to prepare for current affairs.
Legal reasoning: Arguably one of the more important sections, you can’t get through it by mugging facts. Use good books like Oswaal Books UG CLAT Mock Test, 15 Sample Question Papers (For 2021 Exam) Book from Oswaal Books to practice CLAT 2021 Sample Papers.
Logical reasoning: This section is usually time-consuming. Solving CLAT Sample Papers 2021 can help with this issue.
Quantitative Techniques: The questions in this section will come from class 10 math. You can use your old NCERT textbooks to prepare for the same.
Preparing for CLAT 2021 needs consistent preparation and an effective plan to crack the exam on your first try. Do work with other CLAT aspirants and mentors who can help with the preparation or guide your studies. Best of luck for your exam!
This story is provided by Mediawire. ANI will not be responsible in any way for the content of this article. (ANI/Mediawire)
Web Werks enters into joint venture agreement with Iron Mountain for USD150mn equity investment to expand Indian Data Center footprint
Mumbai (Maharashtra) [India], February 25 (ANI/BusinessWire India): Web Werks, one of India’s leading independent data center providers, today announced that it has entered into a strategic relationship with Iron Mountain, who will invest USD 150mn primary equity into Web Werks over the next two years.
After the investment period, Iron Mountain will be the majority investor in the venture. Once completed, this transaction will allow Web Werks to accelerate its expansion across different Indian cities and build capacity to cater to one of the fastest-growing data center markets globally. The transaction is expected to close within the next 90 days, subject to customary closing conditions.
Web Werks operates three Tier 3, carrier-neutral datacenters in Mumbai, Pune and Delhi NCR with a combined footprint capability of 225,000 square feet. This investment enables Web Werks to expand its operations in its three existing markets immediately and expand into Bangalore, Hyderabad and Chennai.
Web Werks houses six worldwide Points of Presence (POPs), provides 4 megawatts (MW) of existing capacity, supports 6,000 plus servers and supports 850 clients. While Iron Mountain Data Center customers get access to three rapidly growing Indian markets, including the 2nd most active peering location in Mumbai.
“Joining forces with the Iron Mountain Data Center team will further solidify Web Werk’s leadership position in the pan-India region and among the broader set of global customers,” stated Nikhil Rathi, CEO, Web Werks. “Web Werks and Iron Mountain Data Centers are fully committed and aligned to grow and scale to meet the digital transformation and interconnection needs of our customers. The Joint Venture will position Web Werks among the select few data center operators with assets across all major cities and have both HyperScale and dense Interconnection expertise. We look forward to collaboration and our continued success.”
“This investment reflects Iron Mountain’s commitment to invest in high growth, good return global markets to continue to meet our customer’s requirements. The India data center market is projected to grow exponentially in the coming years and Iron Mountain is excited to be an early mover into a market where the demand is high and the supply is low,” stated Mark Kidd, Executive Vice President & General Manager, Iron Mountain Data Centers. “Web Werks has a highly respected and seasoned leadership team; we are delighted to not only support their continued growth and success but also to provide our existing Iron Mountain data center customers access to this growing and thriving market.”
“India provides an important next step in expanding our Asia Pacific footprint,” stated Michael Goh, General Manager Asia Pacific at Iron Mountain Data Centers. “We have seen very strong regional demand from our global customers following the grand opening of our Singapore data center, SIN-1, in 2019.”
Deutsche Bank acted as the exclusive financial advisor to Web Werks on the fundraise, Khaitan & Co and Ernst and Young acted as the exclusive advisors to Web Werks.
Cyril Amarchand Mangaldas and PwC India acted as advisors to Iron Mountain on this transaction, Jones Lang LaSalle acted as an introducing partner to both parties.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
Airlines to lose up to $95 billion with bookings down 80 pc: IATA
Geneva [Switzerland], February 25 (ANI): Global airlines could lose as much as 95 billion dollars this year, according to a new analysis by the International Air Transport Association (IATA).
The estimates for cash burn by airline industry may range between 75 billion dollars to 95 billion dollars from a previously anticipated 48 billion dollars, it said.
Previous forecasts from the industry body showed that airlines could turn cash positive in the fourth quarter of this year. But renewed travel restrictions prompted by the fear of new vaccine-resistant strains of the novel coronavirus mean that airlines are likely to continue losing money throughout the rest of 2021.
“With governments having to tighten border restrictions, 2021 is shaping up to be a much tougher year than previously expected,” said IATA’s Director Deneral and CEO Alexandre de Juniac.
“Our best-case scenario sees airlines burning through 75 billion dollars in cash this year. And it could be as bad as 95 billion dollars,” he said. “If governments are unable to open their borders, we will need them to open their wallets with financial relief to keep airlines viable.”
At the industry level, airlines are now not expected to be cash positive until 2022.
IATA has been urging governments to ease travel restrictions and lift quarantine rules through the use of rapid pre-departure testing. But many countries have mandated repeated testing and quarantine for anyone that chooses to fly.
With airlines now expected to burn cash throughout 2021, said de Juniac, it is vital that governments and the industry are fully prepared to restart the moment governments agree that it is safe to re-open borders.
IATA now hopes that its digital travel pass app that securely stores test results and vaccination data may be enough to convince governments to slowly ease restrictions. The app has been embraced by at least eight airlines and one government.
IATA says a fully functional version of the app should be ready by next month. (ANI)
IRDAI approves Axis entities’ stake acquisition in Max Life Insurance
New Delhi [India], Feb 25 (ANI): The Insurance Regulatory and Development Authority of India (IRDAI) has approved the acquisition of up to 12 per cent stake in Max Life Insurance Company by Axis Bank and its subsidiaries Axis Capital and Axis Securities.
The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020.
As per the proposed transaction, Axis entities have the right to acquire up to 19 per cent stake in Max Life of which Axis Bank proposes to acquire up to 9 per cent while Axis Capital and Axis Securities together propose to acquire up to 3 per cent in the first leg of the transaction.
In addition, Axis entities have the right to acquire an additional stake of up to 7 per cent in Max Life in one or more tranches which they intend to acquire in the next few years.
“I am confident that this joint venture will strengthen our position as a top leader in the Indian life insurance sector which is showing clear indications of rapid and enduring growth,” said Analjit Singh, Chairman of Max Group and Max Financial Services.
Max Life is the fourth largest private life insurer in India while Axis Bank is the third largest private bank. The two companies have shared a successful business relationship for over a decade, providing long-term saving and protection products to nearly 20 lakh customers.
The total premium generated through this relationship has aggregated to over Rs 40,000 crore. (ANI)
Bharti Airtel announces pricing of $1.25 billion dual-tranche senior 10.25-year bond
New Delhi [India], Feb 25 (ANI): Bharti Airtel said on Thursday it has successfully priced its debt fund raise of 1.25 billion dollars through the issuance of its first ever dual-tranche US dollar bond offering spread across senior and perpetual issuance.
This is the largest issuance by any Indian investment grade issuer since January 2019. Airtel priced 750 million dollars of senior 10.25-year bonds at a yield of US 10-year treasury plus 187.5 basis points for an implied coupon of 3.25 per cent.
Simultaneously, Network i2i Ltd — a wholly-owned subsidiary of the company — priced 500 million dollars in guaranteed subordinated perpetual NC 5.25-year bonds with a coupon of 3.975 per cent.
This is a lowest every yield on 10-year and perpetual bonds for Bharti Airtel. The offering was significantly oversubscribed with strong demand from several marquee Asian, European and American funds.
Ashish Sardana, Group Treasurer at Bharti Airtel, said the strong reception of both senior and perpetual bonds by high quality global investor community reflects confidence in company’s business and credit.
“We remain focused on keeping our balance sheet strong and these issuances further bolster our capital structure. We are delighted by the outcome and thank our investors for their continuing support,” he said in a statement. (ANI)
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