Chennai, 31th July, 2024тАУ MAI Labs, a global pioneer in deep tech innovation renowned for its advancements in immersive and regulatory technologies, today unveils its latest groundbreaking initiative: STOEX тАУ S.M.A.R.T Token Exchange. STOEX represents a paradigm shift in the world of asset trading as a regulated, tokenized real-world asset exchange, powered by the Kalp digital public infrastructure, a sophisticated permissioned cross-chain ecosystem.
With projections indicating the tokenized asset market could surge to a staggering $29 trillion by 2030, there is an immense opportunity to harness this potential through blockchain technology. Recognizing the unprecedented possibilities in the Real-World Asset (RWA) segment, MAI Labs developed STOEX to unlock investment opportunities in diverse assets such as real estate, financial assets, commodities, and precious metals.
STOEX aims to create an inclusive financial ecosystem by fostering trust, enhancing market liquidity, and promoting sustainable economic growth. This platform is poised to serve as a catalyst for economic expansion in industries dealing with these niche asset classes. By democratizing access to traditionally illiquid investments, STOEX aims to redefine the landscape of global finance, by offering new avenues for portfolio diversification and wealth creation.
Speaking on the launch, Tapan Sangal, Founder of MAI Labs said, тАЬSTOEX is set to redefine the landscape of real-world asset exchanges. Our vision is to democratize investment in premium real-world assets by leveraging tokenization. This groundbreaking approach not only fractionalizes ownership but also empowers investors with unprecedented decision-making capabilities. By dismantling traditional barriers such as high entry costs and illiquidity, STOEX opens up prestigious real world asset classes to a broader investor base. Our platform sets a new benchmark for investor protection, governance, and transparency, aligning with global regulatory frameworks to ensure trust and compliance. тАЬ
STOEX operates within a robust regulatory framework, leveraging a carefully curated ecosystem of strategic partnerships. This network encompasses third-party banking services, approved trustees, verified escrow agents, and specialized agencies for comprehensive technical, legal, and financial due diligence. The platform has also aligned with authorized brokers, globally recognized rating and valuation agencies, and expert investment bankers to ensure the highest standards of integrity and professionalism.
тАЬThe Direct Control DAO feature embedded in our platform epitomizes our commitment to investor empowerment, enabling token holders to actively participate in asset management decisions through a secure, blockchain-based voting system. This fusion of cutting-edge technology with legal engineering creates a robust ecosystem that respects asset ownership rights while fostering innovation. We’re creating a future where transparency, accessibility, and active participation converge, driving economic inclusivity and transforming the financial sector. With STOEX, we’re not just changing how people invest in real-world; we’re revolutionizing the relationship between investors and their assets”, Tapan further added.
As a cutting-edge exchange, STOEX redefines accessibility and efficiency in real-world asset investment. It offers unparalleled liquidity with minimal entry barriers, 24/7 operations, and real-time settlement capabilities. The advanced order book management system, coupled with a global reach, delivers a seamless user experience. Importantly, STOEX utilizes fiat currency as the medium of exchange, renouncing cryptocurrencies to maintain stability and regulatory compliance.
Underpinning this ecosystem is the Kalp Distributed Ledger Technology (DLT), which enhances transparency and efficiency while ensuring bank-grade security for all transactions and data. This unique combination of regulatory compliance, strategic partnerships, and innovative technology positions STOEX at the forefront of the tokenized real-world asset revolution, setting new standards for investor protection, market integrity, and financial inclusion in the digital asset space.
Kapil Dev, Chief Business Officer, STOEX, said, “Over the last several years, the idea of potential liquidity for the real-world assets has been a big challenge. STOEXтАЩs innovative ecosystem will empower investors to maximize the value of their tokenized assets. At the same time, STOEX, being permissioned blockchain, offers the opportunity to retail investors to get exposure to diverse asset classes at a low transaction cost and real-time settlement for the investors. Together, we aim to reshape the investment landscape and unlock new possibilities for industry players.тАЭ
STOEX marks a significant milestone in MAI Labs’ mission to bridge the digital and physical worlds. By leveraging digital identities and fiat transactions, it creates a seamless gateway for accessing tokenized real-world assets in the digital realm.
CHENNAI, 30 July 2024: In the spirit of further nurturing employee welfare, societal progress, and overall company growth, Toyota Kirloskar Motor (TKM) today announced the signing of a Memorandum of Settlement (MoS) on July 24th, 2024 with its Employees Union. The agreement aims to cultivate a positive work environment founded on the principles of “Mutual Trust and Respect” for all stakeholders.
The MoS, encompassing the issues outlined in the Charter of Demand for the fiscal years 2024-2026, was formally ratified before Dr. Manjunath G, Additional Labour Commissioner, Government of Karnataka, senior TKM management, and the Office Bearers & Executive Committee members of the TKM Employees Union.
Strongly backed by the Toyota values and principles, both parties expressed commitment to work based on philosophy of Mutual Trust and Responsibility towards promoting maximum flexibility, productivity, good work-life balance, to ensure the making of highest quality of products and services. Key provisions of the settlement include:
Direct wage increase of Rs.16,000/- (for 2 years) for Mid-Batch members, resulting in a Cost to Company (CTC) increase of Rs.19,500 for over a period of two years.
Ex-gratia/Bonus of 25% (90 Days) annual Gross salary.
Expansion of Medical Insurance coverage for employees and their dependants.
Interest free loan of Rs.8 Lakhs for Car purchase, among other benefits.
Continuous improvement of workplace to enhance workplace Safety and ergonomics of employees.
Sustained efforts from Union and Team Members to continue with flexibility and productivity improvement which is essential for success in Automobile industry.
Dr. G Manjunath, Additional Labour Commissioner, Government of Karnataka, who presided the signing of the settlement said тАЬWe extend our heartfelt appreciation to Toyota Kirloskar Motor and the Employees Union for their commendable efforts in smoothly arriving at a mutually beneficial settlement. The seamless coordination by both the parties has set a remarkable example for Industrial Relations in the State of Karnataka. He also appreciated ToyotaтАЩs Philosophy of Mutual Trust & Respect which emphasise the importance of contribution by Employees and thereby achieving the successful results leading to recognition by Management with appropriate benefit in a timely manner. We urge TKM and its Employee Union to continue working together towards sustained excellence and contribute to the overall growth of Karnataka.”
Speaking on the occasion, Mr. G. Shankara, Executive Vice President, Finance & Administration and Mr B Padmanabha, Executive Vice President, Manufacturing , Toyota Kirloskar Motor reiterated that Toyota Kirloskar Motor remains steadfast in their commitment to create a positive work environment, provide a good work life balance as well as ensure well-being and growth of the employees. Over the last 25 plus years in the country, TKM has always worked together with the people to ensure each memberтАЩs opinion and contribution are deeply valued & respected. Further the people are the most valuable assets for which the CompanyтАЩs endeavour is to foster a stable environment and world-class working conditions balanced with the progress of the company’s vision of тАЬProducing Mass Happiness for allтАЭ. Due to commendable joint efforts by both Union and Management, TKM will take a big leap with the introduction of new plant (Plant-3) within the same campus which will create more job opportunities in the State of Karnataka and ensure to grow India and grow with India.
Mr. S R Deepak, President and Mr. Ravi R, General Secretary of Toyota Kirloskar Motor Employees Union expressed happiness over the successful signing of the Memorandum of Settlement with the Company. As a people centric company, TKM has always prioritized the welfare and growth of its employees. For the first time in the history of TKM with joint efforts of Union and Management they have set the record for best settlement in the History of TKM within fastest duration of 3 months. Also the Management has recognized the contribution of employees by announcing 90 days bonus (25% wage of annual gross salary) and this will help the Union to motivate their employees to do more and contribute to create a harmonious work environment and progress of both Company and its employees.
Prashanth Human Milk Bank is located within the Velachery facility of the hospital with world-class pasteurizer, deep freezer, breast pumps and thawing equipment
The hospital plans to donate collected human milk to preterm babies across different
hospitals and neonatal care facilities in the city
Chennai, 31 st July, 2024: Taking a significant leap in spreading awareness about breastfeeding and easing the accessibility of nutritious human milk for preterm babies, Prashanth Hospitals, a leading multi-specialty hospital chain in Chennai, today inaugurated the тАШPrashanth Human Milk BankтАЩ at its Velachery facility. The state-of-the-art human milk bank, with its advanced facilities and technologies, will serve as a crucial resource in supporting the health and development of preterm babies. The human milk bank was inaugurated by Dr. J. Kumutha, Dean of Saveetha Medical College, and Dr. Rema Chandramohan, Director of the Institute of Child Health at Madras Medical College, in the presence of Dr. K. Gita, Consultant Paediatrician and Neonatologist at Prashanth Hospitals тАУ Chetpet, Dr. T. Vijayakumar, Consultant Paediatrician and Neonatologist at Prashanth Hospitals, Velachery, and Dr. V. Prakash, Consultant Paediatrician and Neonatologist at Prashanth Hospitals тАУ Velachery and Kolathur.
Commenting on the launch, Dr. Geetha Haripriya, Chairperson of Prashanth Group of Hospitals, said, тАЬThe establishment of the Prashanth Human Milk Bank is a significant milestone in our mission to provide comprehensive healthcare solutions. Our commitment is to ensure that every preterm baby receives the best possible start in life. Prashanth Human Milk Bank will facilitate donations from lactating mothers, creating a supportive community that values the importance of breast milk in neonatal care. We plan to donate collected human milk to various hospitals and neonatal care facilities in the city, extending our reach and impact on infant health.тАЭ
Equipped with world-class pasteurizers, deep freezers, breast pumps, and thawing equipment, Prashanth Human Milk Bank will serve as a vital resource designed to provide essential nutrition to preterm babies across hospitals and neonatal care facilities in Chennai. By collecting, pasteurizing, and storing human milk, the milk bank aims to bridge the gap for mothers who are unable to provide sufficient breast milk for their infants. The human milk bank, a brainchild of Dr. Geetha Haripriya, has been designed and developed to ensure the highest quality and safety of donated human milk.
Adding to this, Dr. J. Kumutha, Dean of Saveetha Medical College, said, тАЬI would like to congratulate the team of doctors at Prashanth Hospitals for starting a novel and life-saving initiative. All newborns deserve a happy and healthy start; Prashanth Human Milk Bank will truly make a difference to critically ill babies, and I welcome lactating mothers to come forward and join the community to help such babies in need.тАЭ
Dr. Rema Chandramohan, Director of the Institute of Child Health at Madras Medical College, said, тАЬBreastfeeding has remarkable benefits and is foundational for a healthy lifestyle for any baby. I am happy to see Prashanth Hospitals coming forward to set up and start a Human Milk Bank that will make a significant difference in the lives of many newborn, preterm babies. I offer my sincere gratitude to Prashanth Hospitals for
this novel initiative.тАЭ Prashanth Human Milk Bank was launched in commemoration of World Breastfeeding Week (1 st August-7th August). The hospital also plans to conduct several awareness activities and sessions across its three facilities in Chennai under the theme тАЬEmpower Parents, Enable Breastfeeding,тАЭ focusing on supporting young new parents in their breastfeeding journey during the breastfeeding week.
About Prashanth Hospitals:┬аPrashanth Hospitals is a multidisciplinary hospital that provides sophisticated and dedicated healthcare services by professionally trained experts. Prashanth Super-specialty Hospital at Velachery
and Kolathur is one of the best- and well-known multi- specialty hospitals in Chennai. These facilities have well trained and skilled nursing staff who can take good care of the patients. The vision is to become an internationally renowned medical institute by providing excellent health care services to the patients, and the mission is to maintain the trust of the patient by providing good quality of health care. The values on which Prashanth Super-specialty Hospitals function are quality of care, respect, competence, the effectiveness of the
Capital to accelerate MATTERтАЩs innovations in electric motorbikes and scaling in manufacturing, supply chain, marketing and retail. Chennai 29 July 2024: MATTER Group, an innovative EV tech and energy storage firm committed to propelling India towards energy independence, announced today that it had secured a first tranche of $35 million in the current investment round. The round is led by Helena, a US-based global problem-solving organization, which invested through its venture capital arm. Other notable investors in this round include, Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), other Institutional investors and Family Offices. This global collaboration between forward-thinking partners marks a significant milestone in the pursuit of a mobility transformation that is solving environmental challenges through technological innovation.
Accentuating MATTERтАЩs agile approach towards innovation in electric vehicles, the funding by prominent, impact-oriented institutions validates MATTERтАЩs continued commitment to its two-pronged approach тАУ empowering mobility and fostering a cleaner future. The capital will accelerate MATTER’s efforts to scale manufacturing, supply chain, marketing and retail to meet the growing demand for sustainable, high-performance mobility solutions.
Commenting on the occasion, Mr. Mohal Lalbhai, Founder & CEO of MATTER Group, said, тАЬWe at MATTER welcome Helena and notable investors тАУ including Capital 2B, Japan Airlines & Translink Innovation fund, SB Invest, other Institutional investors and family offices тАУ with much excitement on this fascinating journey. We are dedicated to creating accessible, reliable, and high-performance products driven by our innovative technology. Leading this complex mobility transformation are over 600+ MATTER innovators, who keep riders at the forefront of our efforts. With MATTER electric motorbikes, we are ready to embrace a new reality and rewrite the rules of mobility by transforming the worldтАЩs largest two-wheeler marketтАЭ.
Mr. Suprotik Basu, Managing Partner of Helena, added, “We believe it is an inevitability that transportation in this market will electrify, and India is the most exciting place in the world for that transition to materialize. The question is which team will be nimble, innovative and hardworking enough to seize this moment of transition. The MATTER team has impressed us immensely with their approach towards value driven, high performance technology products. It has been wonderful to see the initial positive consumer traction, and strong progress from the company thus far. We are excited to deeply partner with MATTER to reshape the electric vehicle landscape for India and for other emerging markets to address our shared global climate challenges.тАЭ
Mr. Vibhore Sharma, Partner Capital 2B added, тАЬWe are thrilled to be a part of the growth trajectory of MATTER Group and their vision of empowering mobility through breakthrough technology, prioritizing performance, reliability, safety, and security as core principles. The team at MATTER has successfully developed a unique blend of great performance and best value that is poised to transform the entire two-wheeler industry with their electric motorbikes.тАЭ
“The Japan Airlines & Translink Innovation Fund is dedicated to fostering sustainable and innovative businesses through pioneering use of cutting-edge technologies and business collaborations in mobility, digital, ESG-related, and other fields. We are pleased to collaborate with MATTER to explore the potential of MaaS (Mobility-as-a-Service) by adding electric motorcycles and energy storage technology to JAL’s new challenge through our investment in MATTER Group,тАЭ said Takao Suzuki /Executive Officer, Senior Vice President тАУ Innovation at Japan Airlines
Sheikh Mohammed Saad Bahwan, MD at SB Invest and Director of OTE Group said, “At SB Invest, we believe in supporting transformative technologies that have the potential to make a global impact. MATTER Group’s vision and technological prowess makes them a standout player in the energy domain. We are proud to be part of their journey towards energy independence. Our commitment to empowering every individual through efficient mobility gets a clear direction through this association.”
As a vertically integrated company, MATTER has meticulously developed its in-house, hyper-scalable technology stack, leveraging the power of data, software and machine intelligence to create IndiaтАЩs first 4-speed Hyper-shift geared electric motorbike, AERA. The proprietary 5 KWh liquid-cooled battery and powertrain offer great performance and longevity. The product empowers riders to charge anywhere by delivering over 125 kms range per charge, with a 5-amp onboard charging system. The Internet-enabled navigation, music, calls, and a 7″ touchscreen provide a new experience at the userтАЩs fingertips. ItтАЩs truly creating a future that is beautiful and cleaner. MATTER secured 40,000 pre-bookings for its electric motorbike AERA, which is set to commence deliveries this festive season. MATTERтАЩs consumer front is led by more than 100 dealer partners who will be creating a first-of-its-kind retail experience. reinforced by the most innovative suppliers. This partner ecosystem is enthusiastic and geared up to create a better future for the planet and people.
MATTER is revolutionizing mobility in India by offering innovative alternatives to traditional two-wheelers, which currently consume 62% of the country’s petrol and contribute significantly to environmental pollution
through tailpipe emissions. MATTER’s advanced tech stack is poised to drive a fundamental shift in transportation, catalyzing a cleaner, more sustainable global future that begins in India.
A 2-year-old child presented to the Kauvery Institute of Brain and Spine, Kauvery Hospital, Radial Road, with a progressively increasing hump on her upper back. She had also started developing weakness of the legs especially after playing for some time. The child had a history of tuberculosis infection affecting her spine when she was 6 months old.
After evaluating the child, Dr Krish Sridhar, Group Mentor, Neurosciences & Director, Institute of Brain & Spine, Neurosurgery, Kauvery Hospital, Radial Road, and his spine team found that the problem was due to very bad curvature deformity (Kyphosis), and compression of the spinal cord caused due to near collapse of the spinal column in the upper thoracic region. A multi-disciplinary team meeting was held to decide on the best course of action for this complex case, following which Surgical Correction of the deformity was advised for the child.
An eight-hour complex spinal procedure through the chest wall was performed on the child by a team of 4 surgeons led by Dr K Sridhar. The collapsed part of the spine was removed, and the spine reconstructed after reducing the curve. Surgery was done under continuous neuro-monitoring.
Dr Sridhar said, тАЬMajor surgery in children is relatively difficult compared to that in adults. The team performing these complex spine procedures not only requires experience, but also a thorough understanding of the developmental changes related to child growth.тАЭ
тАЬSpinal surgery is no longer something that one needs to be scared about. The technological advances in anaesthesia, monitoring, spinal implants and other equipmentт╕╗like high-speed drill and the operating microscopeт╕╗have allowed precision surgery, especially in complex cases, with positive outcomes.тАЭ he stated.
The child was discharged after a week in the hospital, and is back to running around and playing. The parents and family are happy that they have been able to get a Complex Spinal Deformity Corrective Surgery done.
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