TechSteps To Gold: VAMA, a new motion capture tool, helps world-class athletes use biomechanics to fine-tune performanceBy Joe Lemire04.28.2025 Gabby Thomas uses new VAMA technology to improve her starts and her overall performance sprinter Gabby Thomas was shaking her head while recounting her block starts describing them as “arguably some of the worst in track and field.” She is a five-time Olympic medalist and reigning champion in the 200 meters “but it really frustrates me because I am a perfectionist USA Track & Field — in collaboration with the USOPC and the Southwest Research Institute (SwRI) — is able to offer its athletes a markerless motion capture tool called VAMA (Video Automatic Motion Analysis) to analyze athletes’ biomechanics Small changes can have big impacts at the boundaries of performance VAMA has become part of many American sprinters’ weekly routines over the past few years and directly contributed to nine Olympic medals in Paris — not only by Thomas but also by men’s 100-meter medalists Noah Lyles and Fred Kerley women’s long jump winner Tara Davis-Woodhall and more Spearheading VAMA’s implementation is Tyler Noble USATF’s lead sport science and data analyst who visited Thomas at her final training session before heading to the Paris Olympics Thomas said her starts had been “a little wonky.” Noble can use an off-the-shelf GoPro camera that costs about $200 and shoots at 240 frames per second then run the video through the VAMA algorithms and receive biomechanical feedback focused on her stride length and the number of steps it took her to reach 10 meters a measurable cue that helped Thomas focus on performing and when you’re trying to be the best and get better by such small margins “Working with Tyler and their program is so helpful because I can see in real time what I’m actually doing and then take that feedback and make corrections immediately.” Among the metrics VAMA — a finalist for Best in Athlete Performance Technology at the Sports Business Awards: Tech — is able to collect are joint angles ground contact times and vertical force production Essentially every elite American sprinter has undergone at least one assessment helping build a library to improve the algorithms and the understanding of what matters we’ve got this very rich data set of our best starters and so we can actually model where the first seven steps for any athlete should really be relative to their height or their leg length,” Noble said “We take a holistic approach to the demands of the race because you’ve got to be able to get to those insights quickly.” The technological origins of VAMA reside in diving — where Phil Cheetham former USOPC director of sport technology and innovation first applied motion capture with the SwRI — and also in the expertise of Ralph Mann a former world record-holding hurdler who later earned his Ph.D and pioneered biomechanical analysis in sprinting as “the grandfather of USATF sports science” and added book smarts with ‘I won a silver medal at the Olympic Games.’ He could speak the science and coach the athlete.” USATF used Mann’s CompuSport technology for years The analysis helps inform the conversations that “each coach-athlete pairing needs,” Noble said USOPC Performance Innovation lead Elliot Schwartz praised Noble’s combined expertise in data analytics and sport sciences — not to mention that he’s a former college runner — to steer the project Noble travels regularly to visit coaches and runners but they can also upload videos for VAMA analysis on their own “Having an analysis tool like VAMA means that but also you can support so many more athletes,” Schwartz said “A big part of what this technology is doing is it’s really democratizing who receives performance support.” Sometimes that support can be a little inadvertent Noble had two cameras set up to capture data on Olympic silver medal-winning hurdler Daniel Roberts prior to the Games long jumper Davis-Woodhall had an absolutely perfect jump that her coach a couple of inches longer than her eventual gold medal-winning distance in Paris the last eight steps of her approach to the jump were captured by the second GoPro camera That enabled him to share her step lengths and pattern as a final reinforcement of what Davis-Woodhall should do in competition off-the-cuff [analysis] that would have been very difficult and time-consuming to do in the past,” Noble said Lyles and Kerley won gold and silver in the Olympic 100 but their predictive modeling needed to take into account that Lyles is four inches shorter than the 6-3 Kerley When Noble assessed them shortly before the Games he knew Kerley would reach 10 meters first but Lyles would get there while moving at a faster speed Noble projected Lyles as a slight favorite — and indeed he won in a photo finish edging Jamaica’s Kishane Thompson by five-thousandths of a second and Kerley by two-hundredths “There’s not much you can really tweak or change a week before the 100 final,” Noble said “but you can go up and you can show Noah the iPad directly contributed to nine Olympic medals in Paris — not only by five-time Olympic medalist Gabby Thomas « Back Insurance Asia website works best with Javascript enabled Please enable your javascript and reload the page Prudential Group Holdings will hold a 70% stake in the joint venture Prudential plc announced plans to establish a joint venture with Vama Sundari Investments (Delhi) Private Limited to launch a standalone health insurance business in India.  will hold a 70% stake in the joint venture said India is a strategic market with significant growth potential in health Amar Joshi has been named the CEO designate of the new health insurance company has grown into a multinational conglomerate with annual revenues of over $13.8b and a presence in 60 countries.   Prudential Group will own 70% of the JV and Vama Sundari 30% UK-based Prudential has revealed plans to form a stand-alone health insurance company in a joint venture (JV) with Vama Sundari Investments (Delhi) This move is aimed at addressing the healthcare needs of Indian consumers and aligning with the Indian Government’s objective of ‘Insurance for All by 2047’ while Vama Sundari will own the remaining 30%.   The proposed health insurance entity will be led by Amar Joshi as the CEO designate.  The move is contingent on regulatory approvals.   Prudential plc CEO Anil Wadhwani said: “India’s growing economy population and middle class create significant opportunities for growth in its insurance market Transforming access to healthcare and increasing insurance penetration are strategic priorities for Prudential and through our comprehensive health solutions we aim to offer help to millions of Indian consumers when they need it most Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis “We are excited to partner with the HCL Group Together we look forward to supporting the Indian Government’s vision to create an inclusive sustainable and equitable financial service sector for all Indians by 2047 celebrating 100 years of India’s independence.”    Vama Sundari Investments executive director Shikhar Malhotra stated: “Through this collaboration we aim to advance our common mission to enhance access to quality health insurance and drive greater penetration across the country It reflects our commitment to improving the well-being of millions of Indians and contributing to a stronger more inclusive healthcare ecosystem.”  Prudential established a branch in Kolkata offering a range of insurance and wealth management products in the country Prudential has an asset management company the company is currently evaluating the potential for listing.  Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network. your new go-to podcast to spice up your weekday mornings with relevant news and behind-the-scenes from 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how to launch a successful D2C Brand in 6 weeks & governments policies on the hottest tech industries in the Indian startup ecosystem partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer The brand solutions arm of Inc42 Media combining Inc42’s creative and editorial strengths to create compelling stories for brands partnering with it The startup provides a 360-degree spiritual experience online through e-darshan e-donation and astrology consultation and ensures maximum authenticity It has onboarded 250 temples for e-puja services and 300+ astrologers to expand its user base and services in Tier I and II cities VAMA aims to reach a Paying Monthly User Base of 100,000 Users per month the country has witnessed a remarkable resurgence in spiritual interest has found its online niche and given rise to a roaring business A new genre of entrepreneurs now leverages technology to connect people with temples rituals and traditional practices like astrology to offer a seamless spiritual experience with the help of a few clicks astrology consultations on digital platforms should not be considered as the spread of superstition and pseudoscience These are mere spiritual guidelines and cannot be used for fructifying purposes When VAMA (short for Virtual Astrology & Mandir App) was set up in late 2020 by telco professional Manu Jain and a third-generation astrologer who was a consultant at the company where Jain worked Jain had observed the consistent popularity of astrology among all content offerings provided by telecom operators But most of the content lacked authenticity as the professionals concerned were not curated by the platforms promoting them several businesses used to offer e-darshan (virtual darshan) of temples and deities and online puja bookings and devotees could not determine if a full-fledged puja/yajna had been conducted satisfactorily Realising India’s booming digital ecosystem could transform how millions of people follow their religious and spiritual pursuits VAMA founders developed an intuitive platform for e-darshan The aim was to cater to the growing demand for a 360-degree spiritual experience online and ensure maximum authenticity The founders’ complementary skills – Jain’s strong background in business strategy and operations and the other’s deep insights into rites rituals and user requirements – turned out to be an excellent combination for starting a venture like VAMA “We recognised that the modern and the tech-savvy value convenience that aligns with their fast-paced lifestyle we aimed to make our offerings more accessible authentic and relevant to the younger generation,” said Jain VAMA has raised INR 28 Cr from a clutch of VCs and angel investors and adopted a marketplace model It has onboarded 250 temples for e-puja services and more than 300 astrologers It has already conducted 2,00,000 e-pujas and expanded its services to 20+ Tier I and II cities across northern and central India Users pay for its astrology services and the e-pujas they want to perform Most  of VAMA’s earnings come from revenue-sharing with temples conducting e-pujas; the rest comes from astrology and other services The startup handles marketing and technology enables live darshans and validates e-puja processes through live streaming (more on its tech stack later) the temples do what they do best: Conduct pujas which help them generate additional income by serving a vast pool of e-users. It is eyeing INR 30  Cr in revenue in the current financial year A key challenge faced by spiritual tech startups like VAMA is to overcome doubts and scepticism surrounding e-puja services People who cannot travel in person and attend these pujas are unsure whether the rituals have been done as per the scriptures preserving their sanctity and authenticity VAMA uses digital tech and a high degree of curation so that the essence of these traditional rituals is never diluted Here is a quick look at its five pillars that guarantee trust and qualified guidance curation and curation: Nothing is left to chance whether partnering with temples for remote pujas or building a network of highly qualified astrologers VAMA has tied up with some of India’s biggest and best temples for e-puja services and only listed the best astrologers through a rigorous vetting process Building trust & convenience through tech: “Before VAMA some devotees used to watch e-puja services via WhatsApp video calls But those were not well organised or followed a strict set of rules users can perform any puja of their choice in any registered temple with complete transparency and proper guidelines,” said Jain Apart from educating people about the authenticity and benefits of digital puja services VAMA has built a seamless technology platform capable of hosting live pujas and high-definition consulting for astrology services Service personalisation through data analytics: Another standout feature is VAMA’s commitment to service personalisation The platform uses data analytics to match astrology consultants with users based on the latter’s specific requirements and past preferences This helps people connect with astrologers best suited to address their concerns allowing users to specify their ritual preferences Effective customer interactions and greater reach: VAMA has built a proactive customer service team to address concerns promptly offer alternative solutions and enable refunds when necessary It also collects user feedback to improve its services and continuously enhance customer satisfaction Its customer acquisition strategy combines digital and traditional marketing channels to ensure a wider reach content marketing and partnerships with spiritual influencers are also leveraged for better brand recall word-of-mouth promotion and offline collaborations with temples/religious organisations are critical in driving credibility the app has seen 2 Mn downloads since its rollout It is also pertinent to note that VAMA has managed to scale while keeping its operating costs low “We have always been CM double digit positive (contribution margin is total sales revenue minus variable costs) and have consistently achieved more than 10% The platform claims 2 Lakh transacting users but aims to reach 10 Lakh within two years This will be driven by increasing its temple network from 250 to 500 It will also enter the rapidly rising NRI market to serve millions of Indians living abroad If VAMA (and its ilk) remain committed to making spiritual services accessible authentic and transparent in a digital-first world Catering to the diaspora will be a lucrative opportunity if the startup and its peers are at the forefront of a new-age spirituality where technology helps the devout celebrate their faith and rituals despite the physical distance and the demands of a fast-paced life Unlock This Story & Enjoy All Members-Only Benefits With Inc42 Plus Get the most out of your Inc42 experience by creating a free account -- Already Have An Account? Login here -- Get The Week’s Most Consequential Developments Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks Login or create a free account to continue reading in private mode Vama Fine Jewels blends a rich four-generation legacy with modern craftsmanship the brand’s design philosophy marries tradition with innovation catering to discerning clients across India while exploring new horizons internationally talks about how the IIJS platform has helped the company establish its pan-India presence Could you share the story behind the founding of Vama Fine Jewels Vama Fine Jewels was founded in 2013 by my brother The name “Vama” holds special significance—it is derived from the name of Goddess Lakshmi  as well as being the name of the first child in our family We are proud to be a fourth-generation family of jewellers Drawing on the wisdom and expertise passed down through the generations we have combined traditional craftsmanship with modern techniques to specialise in the creation of fine How has Vama Fine Jewels evolved since then and what have been some of the defining moments in the brand’s journey so far our company has grown from a small team to a core group of 19 members We’ve expanded from working with one factory to collaborating with 12 dedicated manufacturing units How would you describe Vama Fine Jewels’ design philosophy Our design philosophy is centred on creativity and quality We craft pieces that are timeless but with a modern twist – reflecting the aesthetic of our clients Our commitment to excellence has helped us build strong trusting relationships with our clients over the years ensuring every piece is created with precision by our team and factory partners This balance of tradition and innovation allows us to stay true to our heritage while evolving with the industry Which are your key markets for Vama Fine Jewels and how has this focus changed over the years While our primary focus has been the domestic market we are also exploring opportunities to expand internationally Since when have you been participating in IIJS and what makes this event unique for high-end jewellery brands like Vama Fine Jewels We have been participating in the IIJS shows since 2016 and these shows have provided us with a valuable platform to introduce our work to an audience that appreciates artistry we’ve seen returning clients eager for more as well as new visitors keen to start collaborations Both IIJS Premiere and Signature have been instrumental in developing meaningful connections how does it enhance your presence among top-tier brands Being a member of the Select Club at IIJS is a remarkable distinction for us showcasing top-tier jewellery brands to buyers and enhancing our visibility among industry leaders As a proud member of this high-end category it underscores our commitment to excellence and positions us alongside the finest in the industry We look forward to continuing our participation in future shows and maintaining our presence in this prestigious club Could you share insights into the new collections Vama Fine Jewels will be displaying at IIJS Signature this year we are excited to present our new collection Building on the success of our launch in 2023 which featured 40 signature pieces inspired by exotic insects and flowers—elements that have long been cherished in the jewellery industry—we are expanding the collection with three times the number of pieces this year The new designs incorporate stunning gemstones and introduce an exclusive range of the thinnest rose-cut jewellery which elevates the collection with a delicate yet striking aesthetic Each piece reflects our commitment to innovation and craftsmanship High-end jewellery demands intricate craftsmanship and innovation How do you integrate these aspects into your latest designs and what materials or techniques are you exploring in the current collection we’re navigating a market with fluctuating and competitive pricing which presents a valuable challenge in understanding the need of the hour and what our clients truly want our team has worked tirelessly to create standout pieces in various sizes and modern forms using colour gemstones We’ve also fine-tuned the way we synchronise our designs ensuring each piece undergoes a rigorous quality check supported by a stronger and efficient quality control department This approach ensures that our collections not only meet but exceed the expectations of our clients How does Vama Fine Jewels stay ahead and cater to the tastes of the modern buyer collaborative relationships with our clients By closely understanding their needs through feedback from their sales teams we ensure our collections align with the preferences of today’s buyers With market conditions looking favourable for all stakeholders—buyers and end customers—we’ve made sure our dedicated team stays in tune with modern trends Your views on the outlook of natural diamonds vis a vis lab grown with their rarity and emotional significance unmatched by lab-grown alternatives While lab-grown diamonds have gained attention due to their lower price and ability to replicate the look of natural diamonds they still lack the unique essence and history that come with mined stones and we thrive under pressure.” Just as natural diamonds form under immense pressure over time their true value lies in their authenticity and enduring beauty qualities that lab-grown diamonds have yet to replicate fully once a seemingly unstoppable force in the… In a landmark move for the jewellery sector A landmark auction at Sotheby’s Hong Kong on 7 May… Copyright © 2020 GJEPC | Kwebmaker HÀ NỘI – Car sales in August by members of the Vietnam Automobile Manufacturers’ Association (VAMA) fell by 13% from the previous month to 25,196 units 12,064 locally-assembled cars were sold in the month Deliveries of completely-built units (CBUs) also dropped by 13% to 13,132 over a month earlier During the eight-month span, VAMA members sold a total of 188,997 autos, a year-on-year rise of 2%, with the sales of domestically produced units falling 11% and imported vehicles rising 21% year-on-year and special purpose vehicles respectively increased 2% Many brands which are not VAMA members are also present in the Vietnamese market but they do not reveal their business results the Vietnamese market will have a more positive outlook in the coming months as the Government's preferential policy of halving registration fees takes effect for three months starting from September car dealers are offering promotion programmes to attract buyers The Yamuna Expressway Industrial Development Authority (Yeida) has decided to shift a proposed semiconductor manufacturing facility by Vama Sundari Investments a joint venture between HCL Group and Foxconn Yeida said that the relocation was unavoidable due to delays in acquiring land and infrastructure development in Sector 10 (Archive) Yeida had previously reserved 48 acres of land in Sector 10 for the manufacturing facility but has been unable to acquire the land so far So it will allocate 48 acres in Sector 28 instead for the facility Yeida officials and Vama executives said that Sector 28 also has better infrastructure making it a more suitable location for the semiconductor manufacturing facility “We issued a fresh Letter of Intent (LOI) on Thursday to Vama Sundari Investments allotting 48 acres in Sector 28 for a semiconductor manufacturing facility The representatives from Vama Sundari Investments and Foxconn met Yeida officials on Thursday to sign the revised agreement The company plans to invest ₹3,706 crore in an Outsourced Semiconductor Assembly and Test (Osat) facility We have assured the company of Yeida’s support in obtaining necessary approvals during which the company must complete formalities including lease agreements and environmental clearances,” Singh added the company cited Yeida’s proposal to shift the project to Sector 28 where land has mostly been acquired with only a few small portions still pending Vama Sundari’s chief financial officer and company secretary “The Sector 28 land is more suitable due to its existing infrastructure and connectivity After visiting the proposed land in Sector 28 we find it ideal for establishing the Osat facility.” The Osat facility will manufacture small panel driver and display driver integrated circuits with an annual production capacity of 240,000 units The project is expected to generate 3,780 direct and indirect jobs Yeida initially issued an LOI to Vama Sundari in May last year for 50 acres in Sector 10 the state cabinet granted in-principle approval for the allotment followed by the state government approving incentives of ₹8,500 crore in November for semiconductor projects including Vama Sundari and Hiranandani’s Tarq Semiconductors investing ₹28,440 crore in a 125-acre Sector 28 facility Both projects received Letters of Comfort from the state government Their applications are pending central government approval HÀ NỘI — Vietnam Automobile Manufacturers (VAMA) has proposed changes in the special consumption tax rates (SCT) to better reflect the environmental benefits of different types of vehicles VAMA suggests that the tax on HEVs (hybrid electric vehicles) should remain at 70 per cent of the rate applied to conventional petrol or diesel cars This is because HEVs offer a 30-40 per cent improvement in fuel efficiency and emissions compared to internal combustion engine vehicles VAMA also has proposed reducing the tax on PHEVs (Plug-in Hybrid Electric Vehicles) to 50 per cent of the rate applied to petrol or diesel cars saving over 50 per cent in fuel compared to conventional vehicles and thus should be incentivised Under the current special consumption tax rates vehicles running on petrol and electric power where fuel use does not exceed 70 per cent of the total energy used are taxed at 70 per cent of the rate applied to purely internal combustion engine (ICE) vehicles HEVs and PHEVs are less prevalent in Việt Nam compared to other countries The existing special consumption tax rates in Việt Nam make HEVs and PHEVs 10-20 per cent more expensive than comparable internal combustion engine (ICE) vehicles VAMA said it will make HEVs and PHEVs more financially attractive to consumers would support Việt Nam’s Net Zero commitment by reducing overall emissions by 2050 highlighted how preferential tax policies have been successful in boosting the adoption of HEVs and PHEVs in other countries One example is that Thailand offers preferential tax rates ranging from 17-27 per cent lower than those for internal combustion engine vehicles Indonesia provides a significant tax reduction with rates ranging from 8-40 per cent lower the sales of PHEVs and HEVs surged by 86.58 per cent in 2022 in Thailand and the market share of PHEVs and HEVs in Indonesia grew from 2 per cent in 2018 to 15 per cent in 2023 reflecting a substantial increase in adoption driven by the tax incentives VAMA's calculations indicate that the special consumption tax rates incentives for PHEVs and HEVs are set at 50 per cent and 70 per cent respectively compared to internal combustion engine vehicles this will result in a decrease in State budget revenue in the short term Việt Nam is making a significant effort to improve its energy efficiency and reduce its reliance on imported crude oil By cutting fuel consumption by over one million litre annually the country is not only saving a substantial amount of money – about VNĐ27 trillion (over US$1 billion) but also lessening the need to import over 14 million barrels of crude oil This move will help ease the pressure on the Vietnamese trade balance The special consumption tax incentives for PHEVs and HEVs would be a strategic move to make these eco-friendly options more affordable for consumers This approach not only encourages the adoption of cleaner vehicles but also helps in significantly reducing CO2 emissions by over 2.6 million tonnes Such reductions are crucial for meeting carbon emission reduction goals in the transport sector the trend of adjusting tax policies to favour indirect taxes like value-added tax (VAT) and special consumption tax over direct taxes aligns with broader global practices which are levied on goods and services rather than income can be adjusted to encourage sustainable behavior and generate revenue without directly impacting personal income This shift is part of a broader strategy to balance tax systems while promoting environmental sustainability and economic efficiency An expert from the General Department of Taxation Nguyễn Văn Phụng observed that Việt Nam is adapting its tax policies by shifting from direct to indirect taxes This strategic approach is being adopted to better align with current economic needs and international practices Phụng emphasised that while shifting tax policies towards indirect taxes aligns with global trends and economic needs it is crucial to design these policies carefully to avoid unintended negative effects HÀ NỘI — Total car sales in January 2025 reached 18,893 vehicles a significant drop from the previous month according to the latest report from the Việt Nam Automobile Manufacturers Association (VAMA) Local experts attributed a sharp decrease in sales in January due to the Tết (Lunar New Year) holidays Typically consumers tend to wait for new models and releases at this time of year contributing to lower sales during this period The report shows that January 2025 sales fell significantly with passenger car sales dropped 42 per cent month-on-month to 14,201 units commercial vehicles decreased 33 per cent to 4,354 units And specialised vehicles were down 40 per cent to 338 units sales of domestically-assembled vehicles reached 9,120 vehicles down 29 per cent compared to the previous month and sales of imported vehicles stood at 9,773 vehicles dropped 48 per cent against previous month The overall market saw a modest decline of 1.8 per cent year-over-year by the end of January Sales of passenger cars dropped by four per cent Commercial vehicles decreased by one per cent and sales of specialised vehicles surged by 213 per cent sales of domestically assembled vehicles decreased by 7 per cent while imported vehicles increased by 3 per cent compared to the same period last year December sales of 31,598 vehicles featured 24,575 passenger cars 6,461 commercial vehicles and 562 special-purpose vehicles The total figure went down 29 percent from a month earlier and 18 percent year-on-year Total market sales until the end of December 2024 Passenger cars up by 12 per cent while commercial vehicles increased by 15 per cent and specialised vehicles increased by 32 per cent compared to 2023 Local experts predict that the market recover as consumer interest increases Home » General » Business » Shiv Nadar gifts 47 pc stake in HCLTech promoter firms to daughter March 8 (SocialNews.XYZ) In a bid to streamline succession global technology company HCLTech’s Co-founder Shiv Nadar has gifted 47 per cent shareholding in the company's promoter firms to his daughter According to a company stock exchange filing Nadar is transferring 47 per cent shareholding in Vama Sundari Investments (Delhi) Pvt (Vama Delhi) and 47 per cent shareholding in HCL Corp Roshni Nadar Malhotra for transfer of his 47 per cent shareholding in Vama Sundari Investments (Delhi) Private Limited (Vama Delhi),” read the filing Roshni Nadar Malhotra for transfer of his 47 per cent shareholding in HCL Corporation Private Limited (HCL Corp),” it added Gift Deeds have been executed pursuant to a private family arrangement intended to streamline succession “which would ensure continuity of ownership and control by Mr Shiv Nadar Family (promoter family) and would provide desired stability to the company,” the exchange filing read Shiv Nadar and Roshni Nadar Malhotra held 51 per cent and 10.33 per cent shareholding Shiv Nadar and Roshni Nadar Malhotra are promoters of the Company and are also the shareholders of Vama Delhi and HCL Corp which are promoter/promoter group of the Company Malhotra will acquire control of and become majority shareholder of Vama Delhi and HCL Corp and accordingly will acquire control over the voting rights in relation to the 44.17 per cent stake held by Vama Delhi and 0.17 per cent stake held by HCL Corp in the company Nadar passed the reins to his daughter Roshni Nadar in July 2020 making her the first female chair of an Indian IT company that was listed Nadar resigned as managing director of HCL Technologies in July 2021 took over as managing director for a five-year period He is the editor of SocialNews.XYZ and President of AGK Fire Inc developing mobile applications and publishing news articles on current events from various authenticated news sources When it comes to writing he likes to write about current world politics and Indian Movies His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any The Uttar Pradesh government has approved financial incentives worth over ₹8,500 crore for two semiconductor manufacturing projects under its Semiconductor Policy-2024 aiming to bolster growth and generate employment opportunities around Noida international airport Tarq Semiconductors aims to generate 1,000 direct and 10,000 indirect jobs while Vama Sundari Investments will target creation of 3,780 direct and indirect jobs (Sunil Ghosh/HT Photo) The projects proposed by Tarq Semiconductors Pvt Ltd and Vama Sundari Investments (Delhi) Pvt Ltd are expected to attract a combined investment of ₹32,146 crore plans to invest ₹28,440 crore in Sector 28 to produce compound semiconductors Vama Sundari Investments has earmarked ₹3,706 crore to establish a facility in Sector 10 focused on display driver integrated circuits (DDIC) and semiconductor assembly “These facilities will position Uttar Pradesh as a key player in India’s semiconductor ecosystem,” said Arun Vir Singh chief executive officer of the Yamuna Expressway Industrial Development Authority (Yeida) both projects await final approval from the central government to commence operations “The UP government has issued Letters of Comfort to both companies detailing the incentives under the Semiconductor Policy will only be disbursed after the projects receive central government approval Tarq Semiconductors has been awarded a capital subsidy of ₹7,037 crore along with a 75% rebate on land costs valued at ₹321 crore and 100% exemptions on stamp duty and registration fees amounting to ₹30 crore Vama Sundari Investments has received a capital subsidy of ₹919.31 crore and stamp duty exemptions worth ₹1.16 crore,” Singh added.  Yeida officials further said that additional benefits for both companies include a 10-year electricity duty exemption and subsidies for water and power consumption A special allocation has also been made for skilling and workforce development including annual internship support for 500 engineering students and a ₹1 crore talent attraction grant per unit.  the projects are expected to create significant employment opportunities Tarq Semiconductors aims to generate 1,000 direct and 10,000 indirect jobs Their proximity to the Noida international airport is seen as a strategic advantage to integrate Uttar Pradesh into India’s burgeoning semiconductor industry.  pointed out the readiness to begin construction “We need final approval from the government of India and we will start work on the ground as soon as we receive it.”  The Vietnamese domestic automobile market demonstrated robust growth in the first quarter of 2025 fueled by a significant surge in imported vehicle sales The Vietnam Automobile Manufacturers' Association (VAMA) said that total market sales in March 2025 reached 31,750 vehicles up 47 percent over the previous month and 16 percent over the same period last year A notable increase in sales where imported models outpaced domestically assembled vehicles was marked Domestically assembled vehicles reached a sales volume of 14,887 units while imported vehicles achieved 16,863 units representing month-over-month increases of 35 percent and 60 percent the domestic automobile market flourished strongly with a total of 72,249 vehicles of all types sold the domestic auto market has many new car models The Honda HR-V now offers three options including the gasoline L (VND750 million) and G (VND699 million) the hybrid e:HEV RS is priced more competitively than the gasoline RS (VND871 million) while the L version has seen a considerable price reduction of almost VND80 million The Vietnamese automotive landscape is also set to see new entrants with BYD launching its Sealion 6 on April 18 and Suzuki planning to introduce a new popular hybrid model Ministry of Information and Communications One standout trend was the sharp rise in completely built-up (CBU) imports domestically assembled vehicles also posted a gain of 35% Hanoi (VNA) – Vietnam’s automobile market shifted into high gear in March with members of the Vietnam Automobile Manufacturers’ Association (VAMA) reporting robust sales of 31,750 units up 47% month-on-month and 16% year-on-year Passenger vehicles led the charge with 22,339 units sold Commercial vehicles followed with 9,231 units while sales of special-purpose vehicles dipped 36% VAMA’s internal figures showed March sales of 26,079 vehicles hybrid models experienced an 80% year-on-year jump and rose 40% compared to February signalling rising interest in fuel-efficient technologies representing a 24% increase over the same period last year and special-purpose vehicles more than doubled with a 104% increase Consumer trends also showed a noticeable shift with CBU imports up 36% and locally assembled cars rising by 13% compared to Q1 2024 This indicates robust demand across diverse vehicle origins and intensifying competition between international and domestic brands Toyota maintained its market leadership with 5,370 units sold in March The best-selling models included the Mitsubishi Xpander (3,334 units) Industry experts believe that with a clear recovery trend and ongoing consumer support policies from automakers Vietnam’s auto market is poised for continued growth in the coming quarters of the year combined with an accelerating shift towards fuel-efficient is expected to further diversify the market and boost consumer spending If the current momentum continues and macroeconomic stability holds Vietnam’s total auto sales in 2025 could rise by 10–15% compared to 2024./ members of the Vietnam Automobile Manufacturers Association (VAMA) sold 40,499 vehicles Honda Vietnam said the strong February performance reflects the market’s recovery after the Tet holiday and the continued popularity of its strategic vehicle models Hyundai Accent remained the best-selling model It was followed by Hyundai Tucson with 403 units Bac Ninh is working to support domestic private sci-tech enterprises in accordance with the Party Central Committee's policy with the goal of making the province a role model in promoting and assisting the private sector Aeon – Japan's largest retail group – plans to increase the number of hypermarkets also known as "Super Supermarket (SSM)" and general merchandise stores (GMS) in Vietnam from 12 as of February 2025 to about 100 stores by 2030 With continued support from Vietnamese experts the “shrimp farming for hunger elimination” model is gradually taking shape in Cuba creating jobs for thousands of local workers and have strong political determination throughout the agricultural and environmental sectors on science – technology development Vietjet's consolidated revenue totaled 17.952 trillion VND (690 million USD) while pre-tax profit was 836 billion USD (32.1 million USD) The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,938 VND/USD on May 6 Six commodities recorded more than 1 billion USD in value led by wood and wood products at 5.2 billion USD (up 5.8%) Vietnamese banks have also proactively improved their image and position in the international arena According to Brand Finance's 2025 rankings 13 Vietnamese banks are now listed in the Top 500 banks with the highest brand value globally Vietnam’s total textile and garment export turnover reached 1.8 billion USD representing an 8.7% increase compared to the same period in 2024 Total FDI poured into Hanoi during the first four months hit 1.48 billion USD The Brazilian government said that allowing tilapia fish imports from Vietnam is an irreversible decision and is part of its negotiations in late March to open the beef market in Vietnam Vietnam's GDP per capita was 4,535 USD in 2024 The Government aims to achieve over 7,500 USD in GDP per capita by 2030 and become a high-income country by 2045 economic experts have recommended Hanoi to implement a range of measures to manage inflation in the coming months They emphasised the need to strengthen price monitoring of essential goods A highlight of the Vietnam Goods Week in Malaysia is the introduction of Vietnamese culinary booths featuring iconic dishes like Vietnamese banh mi (baguette) and coffee by the "Saigon Station" restaurant The Sri Lankan President emphasised investment opportunities for Vingroup in the sectors it is strong at such as tourism especially in Colombo – Sri Lanka’s largest city an upcoming state visit to Kazakhstan by Vietnamese Party General Secretary To Lam promises to inject new energy into economic ties The Ministry of Industry and Trade have announced reductions in retail fuel prices after nearly four decades of economic reform the sector has grown steadily in both scale and quality becoming one of the key driving forces of the socialist-oriented market economy airports nationwide handled over 12,610 flights marking a 19.45% increase compared to the same period last year the students were informed about how to take advantage of the free trade agreements that Vietnam and Canada have signed to optimise supply chains they also heard about Vietnam's potential as an Asian logistics hub 2008 by the Ministry of Information and Communications Email: vietnamplus@vnanet.vn Reproduction in any form is prohibited without written consent The increase in vehicle sales is attributed to improved customer confidence following the government's decision to halve registration fees and carmakers' efforts to stimulate demand its member companies achieved total sales of 25,196 units down 13 per cent from the previous month but up 12 per cent from a year ago Sales of passenger cars reached 19,129 units a 16 per cent decline from the previous month sales of commercial vehicles grew by 1 per cent to 5,901 units Special-purpose vehicle sales were contracted by 23 per cent to 166 units There were 12,064 completely knocked-down (CKD) vehicles being delivered to customers in August completely built-up vehicles (CBU) saw a drop of 13 per cent to 13,132 units for the same period a total of 188,997 vehicles were sold out in the period passenger car sales were up 2 per cent; commercial vehicles were up 4 per cent and special-purpose vehicles were up 1 per cent on-year and CBU vehicles up 21 per cent from a year ago A temporary 50-per cent reduction in registration fees for domestically produced and assembled cars will be applied from September 1 through November 30 this year The policy is expected to revive customer demand and facilitate the domestic vehicle industry in the last few months of 2024 A report by the Vietnam Automobile Manufacturers’ Association (VAMA) has revealed that automakers experienced a slight recovery in sales in May after a decline in April Vietnam's car market recorded sales of 134,884 vehicles in the first half of 2024 according to a report from the Vietnam Automobile Manufacturers’ Association Vietnam's automobile market recorded its highest growth this year in July with nearly 29,000 cars delivered to consumers ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional Vietnam Investment Review under the Ministry of Finance Advertisement  | Contact us HÀ NỘI — The Việt Nam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14 per cent. Leading the charge were passenger cars, with 34,835 units sold, marking a 15 per cent increase. Commercial vehicles followed closely with 9,017 units, up 9 per cent, while special-purpose vehicles saw a staggering 54 per cent surge compared to the previous month with 348 units sold. Breaking down the figures by origin, domestically assembled vehicles saw sales of 25,114 units, a 19 per cent growth. Meanwhile, fully imported vehicles also saw an uptick, reaching 19,086, an 8 per cent increase. According to VAMA, the November sales boom can be largely attributed to the Government's policy in effect from September-November, which offered a 50 per cent reduction in registration fees for domestically manufactured and assembled vehicles. From January-November, VAMA members reported total sales of 308,544 units, a 17 per cent increase compared to 2023. Passenger car sales rose by 18 per cent, commercial vehicles 16 per cent, and special-purpose vehicles 17 per cent year on year. Domestically assembled vehicles reached 159,868 units, a modest 1.6 per cent growth, while fully imported units surged to 148,676, a striking 40 per cent yearly hike. Experts view the even growth across all segments and vehicle origins in November as a clear sign of revival in Việt Nam's automotive market. The rising consumption demand, particularly during the year-end season, signals a positive outlook for the industry as it closes out 2024 and steams ahead into 2025. — VNA/VNS Nadar is transferring 47% shareholding in Vama Sundari Investments (Delhi) Pvt. (Vama Delhi) and 47% shareholding in HCL Corp.  “Gift Deeds have been executed pursuant to a private family arrangement intended to streamline succession, which would ensure continuity of ownership and control by Mr. Shiv Nadar Family (promoter family) and would provide desired stability to the company,” the exchange filing read.  Immediately prior to execution of the gift deeds, Shiv Nadar and Roshni Nadar Malhotra held 51% and 10.33% shareholding respectively, in both Vama Delhi and HCL Corp. After the transfer, Malhotra will acquire control of and become majority shareholder of Vama Delhi and HCL Corp and accordingly will acquire control over the voting rights in relation to the 44.17% stake held by Vama Delhi and 0.17% stake held by HCL Corp in the company. Nadar passed the reins to his daughter Roshni Nadar in July 2020, making her the first female chair of an Indian IT company that was listed. Additionally, Nadar resigned as managing director of HCL Technologies in July 2021. C Vijayakumar, the CEO of HCL Technologies, took over as managing director for a five-year period. Shiv Nadar, along with a group of eight engineers including Arjun Malhotra, Ajai Chowdhry, DS Puri, Yogesh Vaidya, and Subhash Arora, founded HCL in 1976. He is considered as  one of the pioneers of the IT industry in India. Nadar has also received the Padma Bhushan in 2008 in recognition of his work in the IT sector. The company started as Microcomp Limited, later renamed Hindustan Computers Ltd. (HCL) on Aug. 11, 1976. It initially focused on making personal computers. The Financial Express strengthening the family’s control over the IT conglomerate and Savitri Jindal & family ($35.4 billion) effective through gift deeds dated March 6 allows Malhotra to take majority control of Vama Delhi and HCL Corp as confirmed in the company’s stock exchange filings She will gain control over a 44.17% stake in HCL Technologies from Vama Delhi and an additional 0.17% from HCL Corp Malhotra will assume voting rights over 12.94% held by Vama Delhi and 49.94% from HCL Corp The move aligns with the family’s long-term succession plan “The gift deeds have been executed pursuant to a private family arrangement intended to streamline succession ensuring continuity of ownership and control by the Shiv Nadar Family.” The Securities and Exchange Board of India (SEBI) has granted Malhotra an exemption from making an open offer, facilitating the smooth transfer of shares without regulatory hurdles. HCL Technologies, a flagship entity of the group, currently holds a market capitalization of Rs 4.22 lakh crore with promoters collectively holding a 60.81% stake who holds a Communications degree from Northwestern University and an MBA from the Kellogg School of Management has been at the helm of HCL Technologies since 2020 she actively participates in philanthropy through the Shiv Nadar Foundation HCL Group enters a new era under Malhotra’s leadership ensuring business continuity while reinforcing its strong market position in the global IT sector April saw a 3% increase in automobile retail sales in India and a pause in the global tariff war were key factors While all segments except commercial vehicles saw growth cautious consumer behavior and price hikes impacted the market Vietnam’s vehicle sales in January 2025 declined only slightly by 2 per cent The Vietnamese Automobile Manufacturers’ Association (VAMA) members collectively sold 15,676 vehicles last month This figure does not include non-VAMA members VinFast and Hyundai While VAMA members’ vehicle sales amounted to 15,676 units this year this figure shows a decrease from both last month and the same period last year VAMA members’ sales closed off 2024 with 27,403 units sold and 12,393 units sold January last year The difference between both previous periods and last month’s are –43 per cent and –6 per cent respectively Passenger vehicle sales fell by 10.8 per cent on-year commercial vehicles only saw a slight decrease in sales from 3,692 last year to 3,614 last month Special purpose vehicle (SPV) sales improved significantly by 180.6 per cent January 2025 saw 101 SPVs sold from 36 units from the same period last year From 576 units to 904 units sold this year acquiring a 17 per cent share and selling 3,346 units Their figures improved 51.6 per cent on-year with two models reaching the country’s 10 top-selling vehicles The Toyota Innova and Vios came at number 5 and 7 in terms of ranking Ford follows Toyota as VAMA’s second best-selling member while its Ranger model also came at second place Ford sold 2,452 units overall but fell 8.2 per cent on-year the Mitsubishi Xpander was the top-selling vehicle of January 2025 Mitsubishi’s sales fell 4.3 per cent this year Other top-selling vehicles include the Mazda CX-5 Kia’s sales fell 22.1 per cent with 1,846 sold overall for January Suzuki’s sales fell at a staggering rate of 82.4 per cent the automaker sold 1,594 units but only sold 280 vehicles last month While Thaco Truck and Isuzu improved by 35.8 and 13.5 per cent respectively Hyundai beats Toyota with 15.6 per cent of the entire market share The Korean automaker sold 3,569 units for the month of January delivered over 10,000 electric vehicles (EV) last month VinFast’s best-selling model was the VF3 which sold over 4,000 units The VF5 followed closely with 3,300 units sold this decline in sales can be traced to diminishing purchasing power from consumers The country’s recent Lunar New Year celebrations may have impeded the ability to purchase new vehicles consumers behaviour such as waiting for new models to debut may have impacted January sales Further challenges the market may face this year include higher competition from foreign carmakers Expert predictions for the year 2025 have stated that the Vietnamese vehicle market may slow down after a successful year EVs are the newest auto trend in the country supported by the entry of 13 Chinese EV makers and the success of local brand VinFast there is still time for the Vietnamese auto market to gain traction and catch up with other Southeast Asian countries Was this article informative? Subscribe to our news alert for more industry insights AFMAThe Australasian Fleet Management Association (AfMA) is a member based not-for-profit peak industry body throughout Australia AfMA’s membership base is represented across all industries including Federal State and Local Government and is responsible for the management of many hundreds of thousands fleet vehicles AfMA may receive moneys from its corporate partners Any funds received are utlised to reduce AfMA’s operating costs and therefore subsidise membership fees Hanoi (VNA) – Vietnam’s automotive market experienced robust growth in February according to the Vietnam Automobile Manufacturers Association (VAMA) VAMA members sold 21,606 vehicles last month marking a 14% increase from January and an 86% rise compared to the same month last year with 6,775 units sold—up 56% due to the surge in demand after the Lunar New Year holiday for transportation and business operations The domestically assembled segment performed well though they did not disclose their sales figures VinFast led the market in February with over 12,500 vehicles sold driven by increasing consumer interest in electric vehicles and the company’s strong after-sales services Experts predict continued market expansion fueled by new model launches and government incentives for eco-friendly vehicles such as the 100% registration fee waiver for electric cars Demand for fuel-efficient vehicles is also rising with sales of hybrid and electric cars growing from 205 units in February 2024 to 756 units last month 2025 is expected to be a breakthrough year for Vietnam’s automotive industry particularly in the electric and eco-friendly vehicle segments./ prices rose in eight out of 11 groups of main consumer goods and services Tuesday | May 06 2025 | a prominent player in India's cab branding sector is renowned for its innovative advertising solutions within the taxi industry to spearhead a campaign announcing the launch of Tira's Vama store in South Mumbai The task at hand was clear: devise a campaign that pays homage to the legacy of the vintage Ambassador car while introducing Tira's debut in South Mumbai.  The creative minds at Wrap2Earn took charge adorning two Ambassador vehicles with distinctive Tira branding elements effectively turning them into 'mobile billboards.' These eye-catching displays garnered millions of views over the course of the 10-day campaign.  Strategic routes were meticulously planned throughout South Mumbai strategically targeting Tira's desired audience The convoy traversed iconic locations such as Marine Drive captivating the attention of pedestrians and commuters alike Wrap2Earn's team also strategically stationed the cars at key locations offering complimentary drop-offs to passengers interested in visiting the Tira store passengers were treated to a visually captivating experience with custom seats adorned with Tira's branding elements passengers were greeted with a complimentary Tira gift box To extend the campaign's reach beyond offline channels Wrap2Earn collaborated with beauty influencers in South Mumbai These influencers engaged with the branded cars and shared posts about the launch of the Tira Vama store The results of this campaign by Wrap2Earn for Tira were remarkable Curious bystanders snapped selfies with the cars The integration of influencers garnered significant reach and impressions resulting in a 15 per cent increase in foot traffic and sales interactive experience with the beloved Ambassador car we were able to generate a significant buzz around the new store launch Our aim was simple: ensure that everyone in South Mumbai noticed these cabs at least once during the 10-day campaign period The innovation ensured that the campaign will not be forgotten." from store launch activations and masterclasses to influencer activation so we wanted something truly disruptive for our Vama store launch people shared pictures of the branded Ambassadors with me We received many phone calls and tags on our digital platforms and saw an increase in-store visits This campaign surpassed all my expectations in terms of innovation and quality of execution." This campaign underscores Tira's dedication to innovative brand promotion while highlighting Wrap2Earn's proficiency in delivering distinctive and pioneering advertising initiatives that stand out amidst the competition Subscribe to our newsletter to get updates on our latest news Subscribe to the Gaunty Rundown! By Vama Saini the Gauntlet co-presented an electrifying evening at the PinBar for Sled Island Day Four featuring a vibrant lineup of indie bands that kept the crowd captivated and craving more Each performance delivered a distinct flavor of indie rock creating a dynamic and unforgettable night of music Thomas Thomas started the evening out with a radiant explosion of indie joy and sun-soaked surf vibes The band brought their infectious pop-rock sound to Sled Island once more upbeat rhythms and irresistibly catchy hooks exudes a nostalgic charm reminiscent of the mid-century but with a modern twist Their performance was a carefully curated journey through tracks that felt both timeless and refreshing Thomas Thomas set an uplifting and spirited tone perfectly priming the audience for a night of stellar music Taking the stage next, cistern a fresh indie rock band hailing from Squamish delivered a performance that was both dynamic and electrifying a riveting blend of jaunty tunes and post-punk edge created an intricate yet pulsating soundscape that captivated the audience cistern’s sound evoked the tension and rawness characteristic of post-punk yet their compositions also ventured into experimental territory cistern’s ability to blend technical precision with a compelling engaging presence marked their performance as a standout enriching the night’s eclectic musical palette Pearly Moon brought a mesmerizing fusion of retro aesthetics and modern edge to the lineup weaves cosmic melodies and hypnotic rhythms creating a soundscape that is both nostalgic and forward-thinking Pearly Moon guided the audience through a sonic journey filled with ethereal tunes and introspective beats Pearly Moon’s ability to blend these elements into an immersive experience stood out as a highlight for those seeking a deeper Capping off the night, local favorites Sea of Lettuce brought the house down with their signature blend of reverb-drenched they delivered a set that was both refreshing and exhilarating engaging the crowd with high-energy performances and infectious melodies The band’s interactions with the audience between songs added a personal touch enhancing the connection and anticipation for each upcoming track Their set was a celebration of their musical journey which has become an essential soundtrack for the summer Their electrifying set culminated in the crowd demanding another song rounding off the night with a memorable and energetic finale Tagged: cistern, Pearly Moon, Sea of Lettuce, Sled Island, sled island 2024, Thomas Thomas Use the Admin widget page to populate the sidebar Roshni will acquire control and become a majority shareholder of Vama Delhi and HCL Corp has executed gift deeds to transfer his 47% shareholdings in HCL Corp and Vama Delhi to his daughter Roshni Nadar Malhotra.  Malhotra will acquire control and become a majority shareholder of Vama Delhi and HCL Corp. HCL Infosystems said in an exchange filing late Friday Malhotra will also acquire control over the voting rights in relation to the 12.94% stake held by Vama Delhi and 49.94% held by HCL Corp “Gift deeds have been executed pursuant to a private family arrangement intended to streamline succession which would ensure continuity of ownership and control” by the Shiv Nadar family This “would provide desired stability to the company.” Get the latest news and updates straight to your inbox iD Fresh Food appoints Shobhit Malhotra as CEO Karnataka ex-DGP murder: Wife sent to judicial custody It includes figures for Hyundai and VinFast car importers and the Vietnam Automobile Manufacturers Association which comprises most other major auto companies The market rebounded in the fourth quarter thanks to registration fee incentives for locally assembled vehicles which were in effect from September to November and promotions offered by manufacturers and dealers Thaco sold 97,000 vehicles for an 18.4% share of the market but it marked a 7% decline from 2023 due mainly to 9% and 15% decreases in Kia and Mazda sales Electric vehicles manufacturer VinFast, which held a 17.6% market share last year, saw the biggest growth in sales of 150% owing to the surging popularity of its VF 5 and VF 3 cars with sales to taxi companies accounting for a large share of them Hyundai Thanh Cong accounted for 13.6% of the market with sales of 67,168 units Toyota followed closely with a 13.5% share and sales of 66,676 Email: evne@vnexpress.netTel: 028 7300 9999 - Ext 8556 HCL Founder Shiv Nadar Gifts 47% Stake to Daughter Roshni Nadar Malhotra. Know Key Details HCL Group Founder Shiv Nadar has given 47% of his stake in HCL Corp and Vama Sundari Investments (Vama Delhi), the group's promoter entity, to his daughter Roshni Nadar Malhotra. With this, Malhotra will be responsible for all strategic decisions for the $12 billion technology company. She will also become majority shareholder of Vama Delhi and HCL Corp. She is also set to hold voting rights over Vama Delhi's 12.94% stake and HCL Corp's 49.94% stake in HCL Infosystems. An exchange filing, “Gift Deeds have been executed pursuant to a private family arrangement intended to streamline succession, which would ensure continuity of ownership and control by Mr Shiv Nadar Family (promoter family) and would provide desired stability to the company.” Prior to this arrangement, Shiv Nadar and Roshni Nadar Malhotra held 51% and 10.33% stake in both Vama Delhi and HCL Corp. As per Fortune India, the company added, “Through these gift deeds, Mr Shiv Nadar has agreed to transfer 47% shareholding in both Vama Delhi and HCL Corp, the promoter/promoter group of the company, to his daughter, Ms Roshni Nadar Malhotra. Following this transfer, she will gain control and become the majority shareholder of Vama Delhi and HCL Corp.” Roshni Nadar Malhotra is the Chairperson of HCLTech and the Chairperson of its CSR Board Committee. She also serves as the trustee of the Shiv Nadar Foundation, which is focused on education and has established some of India's top colleges and schools. Before her stint in HCL, Ms Malhotra worked as a news producer and earned her MBA from the Kellogg School of Management. She earned her undergraduate degree in Communications from Northwestern University. Notably, she has become the richest woman in India and the third richest individual overall. As per Bloomberg Billionaires, Mukesh Ambani leads with $88.1 billion, followed by Gautam Adani at $68.9 billion. As of now, Vama Sundari Investments holds a 44.71% stake in HCLTech, valued at approximately ₹186,782 crore. Powered by Hocalwire The Financial Express UK-based Prudential Plc on Thursday announced its plan to establish a health insurance joint venture with India’s HCL Group Prudential said that it will partner with Vama Sundari Investments an HCL Group’s promoter company for the new business.  The joint venture aims to address the growing healthcare needs of the Indian consumer and contribute to the Indian Government’s vision – “Insurance for All by 2047”.” Prudential plc’s UK subsidiary Prudential Group Holdings Limited will hold a 70 per cent stake in the joint venture while Vama will hold the remaining 30 per cent stake Prudential plc is a member of the UK FTSE100 Index Vama Sundari Investments (Delhi) Private Ltd The joint venture health insurance company will be led by industry veteran Amar Joshi (CEO designate) Prudential has offered life insurance solutions in India since the 2001 establishment of ICICI Prudential Life Insurance Company Limited, a joint venture with ICICI Bank.  This increase follows the introduction of a 50% cut in registration fees for domestically produced and assembled vehicles which began on September 1 and will last for three months sales in the passenger vehicle segment reached 28,973 units in September Commercial vehicle sales also showed significant growth These figures reflect strong demand for various vehicle types suitable for domestic travel and transport needs Domestically-assembled vehicle sales totalled 19,500 units, up 62% month-on-month. Imported automobiles also saw growth, with sales of 17,085 units, up 30%. The disparity in growth rates underscores the effectiveness of the registration fee reduction policy which has heightened consumer interest in locally assembled vehicles Toyota led September sales with 6,986 vehicles sold VAMA members sold a total of 225,583 vehicles Sales of domestically assembled and imported vehicles reached 113,641 and 111,942 units Industry experts forecast continued market growth over the next two months as the support policy remains active growth rates are unlikely to match September's figures as pent-up consumer demand spurred by the incentive has already been realised the market will face challenges amid economic fluctuations and evolving consumer trends By Danijela Marcinkovic with files from Anna Maxwell On Jan. 29, students and faculty gathered in the MacEwan Student Centre for the President’s Town Hall, where President Dr. Ed McCauley, Provost Dr. Sandra Davidson, and the rest of the executive leadership team discussed the university’s Ahead of Tomorrow strategic plan for 2030 The executive team addressed some of the 77 pre-submitted questions which covered  mental health space utilization and community on campus.  Davidson stated that the university has experienced a decrease in the number of international students, which heavily impacts budgets. The U of C faces an $11-million hit due to the international enrollment drop “We’re working very closely with our recruiters with our registrar and with all of our teams to really think about how we can repair rebuild and sustain the relationships with our international communities,” said Davisdon.  McCauley briefly mentioned his conversation with the Premier Danielle Smith suggesting that a significant investment in research could be a promising path for Alberta “A big investment in research for the province of Alberta might be the way to go,” said McCauley Mike Van Hee — vice president of Services and Operations — discussed the university’s plans to prioritize space such as the development of a new science building on U of C’s main campus as well as a new building at U of C’s Spyhill campus.  “[The university] will also see a prioritization towards adapting the existing space,” he said referring to findings that the university had lower utilization of classroom space than previously assumed When answering a question about the future of Equity Diversity and Inclusion (EDI) at the university McCauley emphasized the institution’s commitment to its strategic goals.  accessibility and a sense of belonging where we can all thrive,” said McCauley.  “We have renewed our mental health and wellbeing strategy to have that wider focus on wellbeing and support,” stated Davidson “We continue to invest in our mental health [since] student mental health funding hasn’t changed since 2017.” After the executive team finished answering the pre-submitted questions where members of the audience were able to ask the executive leadership team their own questions Questions were related to program suspensions and safe spaces at the university an undergraduate student in the Department of Classics and Religion (CLARE) raised concerns about the pausing of CLARE programs His question was directed towards McCauley asking why students have not been provided information on the closure and what the future of his education and that of the CLARE department looks like.  “There is a website on the faculty of arts that highlights the changes and steps that are being taken,” Davidson responded While the Gauntlet was able to find the website that includes information on the curriculum renewal and its impact on current students the website does not contain a plan that would answer the question posed by Bailey regarding the future of the CLARE department.  “We want to make sure that the programming that we deliver is contemporary so that we can attract students that want to come here and invest their time and intellect into those areas,” Davidson added suggesting that the renewal of these programs is necessary and for quality purposes.  Davidson did not clarify in what ways the programs under review are outdated or lacking in quality raised concerns regarding the suspension of programs within the School of Languages “This process was very rushed … there was no consultation,” said Montes.  Montes also mentioned that three students were consulted on the suspension of the Spanish language program and they all wrote a letter to Davidson but failed to receive an answer she raised the question of whether this suspension is serving the “community” that McCauley has emphasized.  Davidson responded by stating that this curriculum renewal is to ensure that the needs of future students are met “The pause to renew is very different from the pause to closure,” Davidson added.  Montes responded by expressing concern over the unusual nature of this current curriculum renewal process stating that previous renewals had not required such drastic measures “We have gone through a curriculum renewal before and we never had to pause any programs,” said Montes.  Davidson said that students who are currently enrolled in the programs being suspended will not be affected though she did not address Montes’ comment.  the programs are being suspended [because] of the work of the renewal and our commitment to languages,” Davidson responded not only for those who are seeing that as their pathway those who want to become educators of the future of languages We want to centre the community in the future needs making sure that what we are doing is meeting the future needs going forward.” a counsellor at the Student Wellness Services asked how the leadership team plans to create a more inviting space at the university He expressed concern about speaking out on contentious issues citing the university’s response to pro-Palestinian encampments Ambrozaitis also voiced fears of potential repercussions general counsel and vice-president of People and Culture emphasized the importance of fostering an open and communicative workplace culture stressing that meaningful change can only happen through deliberate action from leadership “The only way we are going to actually do this and make this an environment where people can speak up is if we start doing it and if managers and leaders actually make the time and space for that to happen,” said Lacasse When asked by the Gauntlet if there were any verbal assurances given to faculty staff and students of affected programs that their programs would be reinstated after curriculum renewal Davidson stressed that the programs were not being permanently shut down “I went to the Faculty of Arts Council within the last month One of the very vocal concerns was ‘You’re going to close these programs,’ and the answer is we’re not closing — we are pausing to do the renewal of the curriculum so that these programs can continue to be vibrant,” said Davidson.  She addressed concerns about potential job losses stating that no such decisions had been made at this time because the whole idea is we want these programs to have more students to be accessible and vibrant,” said Davidson “That means we’re going to have more students coming in we can hire more professors in those areas you can never communicate enough and anytime there is change The Gauntlet asked Bailey how he felt about the response he got from the executive leadership team He expressed skepticism about the administration’s transparency.  “I feel like they didn’t give us the full story What I’ve heard from professors is that [the response he received] is kind of what I should have expected to hear — but that the actual plan is to close down a good chunk of these programs They said that they’re renewing them We will have to wait and see,” he said Learn more about the Ahead of Tomorrow strategic plan here.  Tagged: davidson, u of c, university of calgary, uofc Use the Admin widget page to populate the sidebar. The UK-based Prudential on Thursday announced the establishment of a standalone health insurance company in partnership with Vama Sundari Investments (Delhi) Prudential Group Holdings — a UK subsidiary of Prudential plc — will hold 70% stake in the joint venture and Vama Sundari Investments the remaining 30% Anil Wadhwani, chief executive officer of Prudential plc, said India is a key strategic market for the company we have a significant presence in India with life insurance and asset management businesses offering a comprehensive suite of insurance and wealth products,” he said The health insurance joint venture will be led by Amar Joshi, CEO-designate. Joshi has previously worked with ICICI Prudential Life Insurance, Birla Sun Life Insurance, and SBI General Insurance Under current foreign direct investment (FDI) rules foreign insurers can hold up to 74% stake in Indian health insurance companies The government is currently in the process of allowing 100% FDI in the insurance sector The insurance market in India offers growth opportunities for its players The health insurance industry reported a 10.44% year-on-year rise in gross direct premium income to Rs 1 lakh crore in the first 10 months of FY25 with standalone health insurers contributing around a third of the total India has seven standalone health insurance companies — Star Health & Allied Insurance After a strong surge in sales in September when the Vietnamese automobile market saw a 45% increase Hanoi (VNA) - After a strong surge in sales in September when the Vietnamese automobile market saw a 45% increase This continued expansion was largely attributed to the Government's decision to cut registration fees by 50% for domestically manufactured and assembled vehicles a policy set to last from September to November 2024 This initiative has significantly boosted consumer purchasing power According to the Vietnam Automobile Manufacturers Association (VAMA) sales of vehicles by VAMA members reached 38,761 units in October 2024 marking a 6% increase from the previous month and a 53% rise compared to October 2023 While the growth in October was more subdued compared to the explosive rise in September it reflects the sustained attractiveness of Vietnam's market particularly when compared to the same period last year Passenger vehicles remain the dominant segment popular for their flexibility and suitability for personal use Commercial vehicle sales saw a notable 13% increase compared to the previous month This segment is primarily driven by the demand for goods transport and passenger services One key trend in the October 2024 market was the difference in sales between domestically assembled vehicles and imported ones VAMA's report indicated that sales of locally assembled vehicles reached 21,113 units This suggests that Vietnamese consumers are continuing to favour locally produced cars attracted by lower prices and government incentives particularly the registration fee reduction for domestic vehicles reflecting intense competition in the market Each brand is striving to maintain and expand its market share by improving models the Vietnamese electric vehicle manufacturer reported a significant milestone in October This brought the total number of vehicles sold in 2024 to more than 51,000 making it the best-selling car brand in Vietnam for the first 10 months of the year the total number of cars sold in Vietnam in October 2024 reached 57,400 units the total sales across these groups amounted to 363,890 units signalling positive growth despite ongoing challenges Experts agree that October marked a small but significant step forward for the Vietnamese car market driven by the reduction in registration fees and various promotional efforts by companies While the growth rate was slower than in September the continued stability is seen as a positive sign for the industry the Vietnamese automobile market remains highly attractive and with strong competition and flexible strategies from car manufacturers the market is expected to experience more exciting developments in the coming months./ has announced it delivered more than 9,300 cars to customers in September securing the leading position in the Vietnamese automobile market in the month The Vietnam trade mission in Germany coordinated with the Berlin – Brandenburg automotive association (aBB) and authorities of the Vietnamese province of Nam Dinh to hold a roundtable on cooperation in the automobile industry Car sales in August by members of the Vietnam Automobile Manufacturers’ Association (VAMA) fell by 13% from the previous month to 25,196 units By Andreea Timis the University of Calgary hosted its annual President’s Stampede BBQ on the Taylor Family Digital Library (TFDL) quad from 11:30 a.m Participants were encouraged to dress in Western attire as they engaged in line dancing Various booths were set up around the quad and participants had the chance to take a photo with Rodeo Rex and Calgary Stampede mascot Harry the Horse Lunch was provided to the first 1,575 people to line up and vegetarian gluten-free and halal options were also offered participants were encouraged to contribute to the Students’ Union (SU) Campus Food Bank via monetary donation or by bringing a non-perishable food item to a booth by the UCalgary sign on the MacEwan Hall stairs.  The event began with an opening prayer led by Elder Reg Crowshoe – former chief and current cultural and spiritual leader of the Piikuni First Nation in Southern Alberta Crowshoe was recently appointed a member of the University of Calgary Senate and was offered tobacco in exchange for his blessing in the opening prayer.  Line dancing performed by the Chinook Country Line Dancers — a Calgary-based group known for their performances at the Calgary Stampede — succeeded the prayer and Albertan country singer Travis Dolter performed.  During the event, the Calgary Student Movement (CSM) – known on Instagram as @UofC_divest4pal –  held a protest on the MacEwan Hall stairs and in front of the stage They held up signs addressing the ongoing war in Gaza They also condemned the alleged actions committed against student protesters by Calgary police on May 9 They also called for the resignation of President Dr Members of the CSM also held a die-in demonstration – lying on a bloodied cloth to symbolize the violence and oppression faced by Palestinians from the state of Israel.  The U of C administration provided the following statement in regards to the protest the University of Calgary is committed to free speech and free expression a group of about 20 people held a protest at the university’s annual Stampede barbecue Our university supports free expression and peaceful protest as long as it remains safe and this gathering caused no disruption to an event enjoyed by hundreds of students CSM explained their reasons for protesting the event and detailed the specific actions and decisions by McCauley that were targeted in their protest.  University of Calgary President Ed McCauley brazenly called the Calgary police to silence student protesters at the [TFDL] quad on campus These students were brutally assaulted by riot shields rubber bullets and explosive pepper balls as they peacefully protested against the university’s complicity in the ongoing genocide of Palestinians,” reads the statement.  The statement continued to criticize the university for what it described as ignorance and disregard for global humanitarian crises faculty and staff members were angered by the administration’s decision to host an event on the same grounds where police allegedly attacked students President McCauley hosted a celebratory Stampede BBQ with food music and dancing on the very grounds where the May 9th anti-genocide protestors were met with violence.” The CSM statement claims “[The CSM] directly rejected [President McCauley]’s behaviour and demanded his resignation because someone who openly displays insensitivity towards a genocide and permits the brutalization of the university’s own students is clearly unfit to be President,” the statement continued The statement called on the university to cease its complicity in the alleged Palestinian genocide by divesting from Israel listening to student demands and concerns and respecting their right to protest.  Tagged: calgary stampede, Calgary student movement, stampede Vietnam’s car sales improve by 12.6 per cent in December 2024 compared to the same period last year. Overall, the Vietnam Automobile Manufacturers’ Association (VAMA) recorded 340,142 units sold for the year 2024 These results are an improvement from 2023’s overall sales of 301,989 units sold Majority of the overall units sold were of passenger cars Passenger cars comprised 257,900 units of the total figure while 79,332 units were commercial vehicles Both categories increased by 12 and 15 per cent respectively comprised 2,910 of the total sales figures While total market sales have improved on-year Passenger cars comprised most of these sales once more with 24,575 units sold Commercial vehicles follow with 6,461 units and 562 of these sales were special-purpose vehicles December 2023’s sales were also significantly higher with a difference of 18 per cent from December 2024 Toyota remains the top-selling brand according to VAMA’s report which excludes local brand VinFast and Hyundai The Japanese automaker sold 66,576 units last December Toyota currently holds 31.5 per cent share of Vietnam’s current vehicle market While the Vios is Toyota’s top-selling car in Vietnam the Mitsubishi XPander topped the list with 1677 units sold Mitsubishi currently has 13.9 per cent market share selling 3,808 units for the month of December The third largest market share belongs to Ford The Ford Ranger CKD comprised majority of Ford’s sales with 1,207 units sold Hyundai recorded 67,168 units sold for the year and 8,316 units sold in December The Hyundai Accent comprised majority of the Korean carmaker’s sales with 1,861 units sold The Accent follows the XPander as the second top-selling car of December 2024 Vietnam’s overall car sales for the year amount to an estimate of 500,000 units sold This figure does not include sales from Mercedes-Benz While December sales decreased significantly compared to November, VietnamNet Global wrote that it was “predictable.” Buyers took advantage of 50 per cent tax cuts that were implemented from September to November of 2024 it should be noted that the tax cut was only applicable to locally assembled vehicles Low-emission vehicles are becoming a trend among vehicle buyers VinFast’s sales in combination with VAMA’s record of 10,000 hybrid units sold imply that Vietnamese citizens are keen on making the shift Vietnam’s total sales performance for the year 2024 is seen as a positive change after sluggish sales recorded from 2023 CSM held a press conference outside of MacEwan Hall to address the university administration’s decision to reject their terms for a meeting This development comes after the controversial response to a May 9 encampment on campus which resulted in a significant backlash from students and allegations of police brutality nor were our encampments confronted by counter-protestors U of C administration is solely responsible for escalating the student encampment,” said Keegan Colwell CSM’s demands included allowing adequate time to secure legal representation and a preliminary discussion of the meeting’s agenda with its members.  “We were just seeking to have someone advise us before — to make sure that the university is accountable We see what they have done as just a PR move and have expressed already that they are not acting in good faith [and] do not engage with our demands,” said Colwell.  were aimed at ensuring fair and transparent dialogue The university’s refusal to accommodate these conditions led CSM to boycott a scheduled meeting between student groups and university officials.  Contrary to official statements from the university and CPS that no injuries occurred on May 9 CSM claims to have testimonies and evidence of student injuries allegedly caused by police actions.  “We have testimonies from several students We have records of hospitalizations as well,” said Colwell.  U of C student Erin Novakowski expressed disappointment with the university’s response to the encampments.  I have learned that this institution is comfortable calling violent police on students as soon as our peaceful collective action is no longer favourable to the administration I’ve also learned that this institution is comfortable staying silent and complicit while tens of thousands of Palestinians are murdered,” said Novakowski UCalgary students will never be able to feel safe or proud of this institution.” a Clinical Associate Professor with the Cumming School of Medicine recounted his attempt to provide medical aid to injured students which was reportedly obstructed by police.  “I told them ‘I’m the official medic for the protest and that children would get harmed and I need to treat them.’ I was not allowed to come to the students and I was told I would be arrested if I walked through,” said Zaidi.  and this was done by police brutality,” Zaidi continued.  a former faculty member and member of Independent Jewish Voices (IJV) voiced her support for the students and criticized the university’s stance on the protests and divestment issues “Other universities have also taken a stand where they’ve agreed to students demands to investigate divestment It’s shameful that the U of C refuses to take a stand against genocide despite all the talk about Indigenous rights Four social work students — Lindsay Bodrug and Rubina Zaman — were present in the crowd during the press conference They shared their perspectives on the university’s response and the broader implications for student activism with the Gauntlet.  “The response from administration on May 9 was a complete failure of leadership I think it also broke down further trust between students and administration and shut down any streams of communication to further discuss and have some critical conversation around the very reasonable requests,” said Bodrug.  The students emphasized the ethical implications of the university’s stance and the perceived inconsistency between academic values and administrative practices so our profession and schooling is all about social justice and liberation and we believe that extends to the people of Palestine and also beyond to Sudan and Congo We agree with the [CSM’s demands] for disclosure and divestment We don’t want our student dollars to be funding apartheid “There is so much hypocrisy in what we are taught and asked to practice We don’t want to be just writing or reading things and then not acting on them,” said Zaiman.  it inherently is an act of lateral violence on other marginalized communities and opens up the for things like this to continue,” said Feldmann and we don’t have the infrastructure to be supporting folks at the capacity that we like to say that we do.” When asked what changes or actions they would like to see from the university administration in response to the CSM’s demands the students emphasized the need for transparency and genuine student representation in policy-making.  “Disclose and divest is number one,” said Pettigrew “Disclose the positions in faculty that are being funded by Israeli universities disclose any investment in the use of weapons and AI that is being conducted by the U of C and then make movements to divest from these systems of aggression.”  “More transparency and an apology for the way that students were violently shut down during the encampment In a statement to the Gauntlet regarding the claims made during the press conference the university claimed that they have received no reports of injuries from May 9 and have not refused to meet with the CSM “The Calgary Police said they’ve received no reports of injuries from May 9 The University of Calgary has not had any injuries reported directly to us We encourage anyone with injuries to report them to the police or to ASIRT as part of their investigation on June 6 University of Calgary leadership held a meeting with student groups who sent the demands on May 7 (PAC UCalgary) The University has not refused to meet with anyone nor has it rejected any demands related to the initial meeting.” More information about CSM can be found on their Instagram page Tagged: Calgary student movement, encampment Auto sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) reached 36,585 units in September following the implementation of a 50% reduction in registration fees for domestically manufactured and assembled vehicles Hanoi (VNA) – Auto sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) reached 36,585 units in September detailed in the Government’s Decree 109/2024/ND-CP issued on August 29 took effect on September 1 and will remain in place for three months to incentivise consumers to choose locally assembled vehicles Domestically-assembled vehicle sales totalled 19,500 units The disparity in growth rates underscores the effectiveness of the registration fee reduction policy Industry experts forecast continued market growth over the next two months as the support policy remains active the market will face challenges amid economic fluctuations and evolving consumer trends./ The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars on August 30 Pent-up demand is due to push up car sales in the final months of the year © Copyright belongs to VietnamPlus, VNA. Reproduction in any form is prohibited without written consent. HDFC Education and Development Services to Vama Sundari Investments Private Ltd “We wish to inform you that the Board of Directors of the Bank has today approved sale of 100 per cent stake in HDFC Edu to Vama Sundari Investments (Delhi) Private Limited being the successful bidder under the sale process.” The sale will occur in two phases: HDFC Bank will divest 91 per cent stake in HDFC Education by October 31 2024 and the remaining 9 per cent stake would be divested no later than June 30 “Upon completion of sale of remaining 9 per cent stake necessary disclosure would once again be made by the Bank in terms of the applicable provisions of the Listing Regulations,” it said The sale is being conducted at an all-cash consideration priced at Rs 9.60 per share for a total of 20,00,00,000 shares Post the completion of the sale of 91 per cent stake HDFC Education would cease to be a subsidiary of the Bank HDFC Education operates in the segments like school management the company had recorded a total income of Rs 18.18 crore and its total assets came in at Rs 197.05 crore Union Bank of India is facing scrutiny for spending Rs 7.25 crore on 2 lakh copies of a book written by India’s former CEA Krishnamurthy V Subramanian was intended to be distributed to customers The bank’s extravagant book shopping spree has put it in a difficult spot with highlights such as Nilanjana Nandy's exploration of alienation and Angelica Basak's ceramic sculptures the cultural wing of the Government of NCT of Delhi has inaugurated Vama: Showcasing Women Artists from Delhi an eight-day art exhibition celebrating the artistic talents of 20 women artists from the capital The event is being held at the Shridharani Gallery and will remain open to the public from December 14 to 21 The exhibition was launched by Saurabh Bharadwaj “Delhi has always been a hub of artistic expression and this initiative is a testament to our commitment to promoting and celebrating the immense talent of women artists Vama is not just an exhibition but a platform for recognising and empowering women who enrich our cultural heritage through their creativity” The exhibition features an eclectic mix of art forms reflecting diverse cultural and personal narratives Among the highlights is Nilanjana Nandy’s This Side-That Side a diptych exploring alienation and division through grid spaces symbolises the delicate balance between chaos and tranquillity Artist Rashmi Khurana combines paper mache and acrylic in her mixed-media works celebrates interconnectedness with motifs like peacocks symbolising glory and lotuses representing spiritual growth Aditi Aggarwal’s diptych Dream 6 and 7 uses the Gum Bichromate process to delve into themes of memory with personal symbols like her late father’s camera stand Durga Kainthola’s Travelogue Diaries blends traditional and contemporary influences explores the resilience of the human spirit Also Read: Experience serenity in Payal Kapoor’s Blue Horizons exhibition Pratibha Singh draws from her experiences growing up near the Banaras Ghats in series like Shape of Things to Come and Terraform the latter using mixed media such as paper pulp and coir fibres to reflect on humanity’s search for alternative habitats Photographer Rashmi Choudhary’s works blend storytelling with visual art with pieces like Goonj exploring themes of grief and hope and Anant capturing timeless charm and cosmic vastness Dipa Potwray’s silk-and-cotton creations reflect Assamese traditions and childhood memories while Vandana Kumari’s photography highlights the resilience of rural life and migrant experiences Richa Navani’s works span multiple mediums and ecology through geometric abstractions inspired by nature and rituals and patrons a unique opportunity to engage with the creative journeys of these remarkable women artists With its rich variety of perspectives and artistic expressions Vama aims to inspire dialogue and appreciation for the contributions of women to the cultural landscape of Delhi When: Until December 21; 11:00 AM to 8:00 PM Patriot was launched as a daily newspaper by freedom fighter Aruna Asaf Ali it reached most Delhi homes and all its institutions occupying the pride of place with a handful of other newspapers published from the national capital that made up the ‘Delhi press’ Blog template built for Bootstrap by @mdo Auto sales in Vietnam in July increased 9% from the previous month to 28,920 units the Vietnam Automobile Manufacturers’ Association (VAMA) announced on August 13 Hanoi (VNA) – Auto sales in Vietnam in July increased 9% from the previous month to 28,920 units 13,788 locally-assembled cars were sold in the month Deliveries of completely-built units (CBUs) expanded 11% to 15,132 over a month earlier VAMA members sold a total of 163,804 autos with the sales of domestically produced units falling 12% to 81,637 units and imported vehicles rising 19% year-on-year to 82,167 units Car dealers are offering huge incentives for customers to promote sales in the 7th lunar month which started on August 4 The month is traditionally considered taboo by most Vietnamese for activities concerning large sums of money such as purchasing real estate and cars./ Vietnam’s auto sales in May increased 6% from the previous month to 25,794 units as dealers rolled out stimulus measures to spur consumption according to the Vietnam Automobile Manufacturers’ Association (VAMA) The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025 with sales expected to reach 600,000 units Hanoi (VNA) – The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025 the influx of completely built-up (CBU) imported vehicles is likely to exert significant pressure on the domestic automobile industry the market recorded sales of 340,142 units according to the Vietnam Automobile Manufacturers' Association (VAMA) sales of domestically assembled vehicles dropped by 5% while imported vehicle sales soared by 39% despite a three-month period of 50% registration fee incentives for locally assembled cars Toyota reported sales of 8,642 vehicles in 2024 with only 2,790 units domestically assembled and 5,852 imported as CBUs This represents a significant departure from the earlier dominance of locally assembled models the Vietnamese market saw a growing presence of international brands This trend is expected to continue this year domestic manufacturers like VinFast have contributed to diversifying the market and offering consumers a wider range of choices The adoption of electric and hybrid vehicles is also gaining momentum driven by an increasing preference for environmentally friendly options among consumers High bank interest rates and the sluggish performance of other economic sectors have negatively impacted automobile purchasing power many auto companies have reduced profits by offering incentives to stimulate consumer demand Experts predict that 2025 will be a transformative year for Vietnam's automobile market While automakers are expected to face challenges such as intense competition from imported vehicles and increasingly diverse consumer demands these difficulties also present opportunities for innovation to meet modern consumption trends The Vietnamese automobile market experienced substantial growth in 2024 driven by the government’s 50% registration fee reduction policy and aggressive promotional campaigns by dealerships Including non-VAMA brands like TC Motor’s Hyundai and VinFast total market sales reached approximately 510,000 vehicles although they did not disclose their sales figures achieving record-breaking sales of 87,000 vehicles This exceeded its targets and surpassed the annual sales of many other automakers securing its position as the best-selling car brand in Vietnam The remarkable performance was bolstered by government policies including a 100% registration fee waiver for electric vehicles and a 50% fee reduction for locally manufactured and assembled cars between September and November 2024 These policies triggered a short-term surge in sales as automakers introduced discounts to retain market share once the registration fee incentives expired sales in December 2024 dropped to 31,598 units—a significant 29% decline compared to the previous month 2025 promises to be a pivotal year for Vietnam’s automobile market Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year Only 9% of households in Vietnam own a car data from a mid-term population and housing survey for 2024 from the General Statistics Office (GSO) shows Domestic car production in Vietnam is estimated at 388,500 units in 2024 according to the General Statistics Office the sales of passenger cars rose 6% against April to reach 18,235 while commercial vehicle deliveries grew 7% to 7,292 those of special-purpose vehicles contracted 4% to 267 autos VAMA members sold a total of 108,309 autos with the sales of domestically produced units falling 14% and imported vehicles rising 8% year-on-year Haval and many more refused to disclose their figures There were also no sale results from Vinfast as the Vietnamese automaker has announced its quarterly from August 2023 as required by the U.S Experts said the sales of CBUs had a better growth than those of domestic ones since the imported vehicles with a localisation rate of 40% or more are entitled to a 0% tariff under several free trade agreements that Vietnam has signed Vietnamese dealers ran various promotional campaigns supporting registration fees and offering gift packs helping imported units attract more buyers The Elbow River Camp stands as a testament to the enduring relationship between the Stampede and the Treaty 7 Nations This year marks another chapter in the camp’s storied history offering visitors a unique glimpse into Indigenous culture and traditions Amber Big Plume – interpretive program manager at Elbow River Camp – shared the camp’s rich history The camp has been part of the Calgary Stampede since its inception in 1912 wanted to establish a relationship with the five tribes of Treaty 7,” said Big Plume Tsuut’ina and Stoney Nakoda Nations.” During a time when Indigenous people were restricted from leaving their reserves without a pass Wiedick worked with the federal government to allow them to participate in the Stampede “The Calgary Stampede was the 10 days of the year that you didn’t need a pass to get off the reserve,” explained Big Plume This unique arrangement fostered a long-standing relationship and showcased Indigenous culture to a broader audience Big Plume said the Elbow River Camp is more than just a historical landmark — it is a living celebration of Indigenous heritage “We pitch our tipis and live traditionally sharing our culture with visitors,” said Big Plume The camp features daily events – including tipi openings dance demonstrations and tribe days – during which each community hosts dancers Visitors can also explore Indigenous crafts and cuisine with 36 local vendors offering everything from beadwork to bannock The camp introduced a hand games competition this year adding a new dimension to the cultural festivities “Hand games are similar to gambling but are traditional Indigenous games,” explained Big Plume “It’s a way for us to engage with each other and share our traditions with the public.” One significant milestone for the camp was its relocation in 2016 to its current site from the original location where the five communities gathered in 1912 “It was a huge milestone for us,” said Big Plume our interpretive program includes public tours at 2 p.m The future of Elbow River Camp looks bright with plans for continued growth and development “The Calgary Stampede consults with our 26 tipi owners every year for suggestions on how to improve the camp,” said Big Plume “We’ll be planning for next year as soon as the Stampede ends.” Learn more about Elbow River Camp here Tagged: calgary stampede, Calgary Stampede 2024, Elbow River Camp, indigenous