NITK launches IoT-enabled Smart Laundry service for hostel students
Specially designed for college students, it offers unique features that ensure a more convenient and economical in-campus washing experience.
Pushparaj Shetty D, professor in-charge (hostels), NITK Surathkal, said that it is backed by the Internet of Things (IoT). Fully automated, each washing machine can be managed by students through an app. They can use their mobile phones to reserve, monitor, schedule, and pay at their convenience.
Currently, this facility is available in four hostels, namely Everest, Himalaya, Kailash, and Godavari, on a trial basis. Earlier, the laundry was done by a service provider where each dress was charged. However, Shetty said this new facility is more affordable compared to traditional laundry services. He said the use of the service for each washing session costs Rs 30, and the capacity of the commercial washing machine is 10 kg.
"Currently, it is running on a trial basis. There are a total of 25 washing machines installed in four blocks out of a total of 16 hostel blocks. Based on the response received, we will extend the services to other hostels in the coming days," said Shetty, adding that it will benefit students a lot.
The facility was inaugurated by KV Gangadharan, dean, planning and development, in the presence of Prof Pavan Kumar, dean, student welfare (in-charge). The inaugural event witnessed the participation of the council of wardens, faculty members, hostel staff, supervisors, and student representatives. A live demonstration of the use of the machine was conducted by Vighnesh from Haier Group, highlighting the features and proper use of it.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Satcom crucial for connectivity during disasters: TRAI's AK Lahoti
NEW DELHI: Satellite communications will play a pivotal role during disasters or natural calamities, as restoring and enabling communication is the foremost priority in any emergency response, according to TRAI Chairman AK Lahoti . ' Satellite communication is very important. In case of disaster, the terrestrial network infrastructure typically gets damaged due to the calamity or the disaster. In such cases, satellite communication immediately becomes available and is a big relief, because communication is the first thing we look forward to in case of a disaster,' Lahoti told ETTelecom on the sidelines of the recent IAFI's Space Policy Conference. He said satellite communication is already available in India, and now what we are discussing is its further expansion. 'Satellite communication holds significant potential in delivering ubiquitous broadband connectivity . As we know, broadband availability is a fundamental enabler for socio-economic development—spanning education, healthcare, governance, and the delivery of public services. In rural and remote areas where terrestrial networks are difficult to deploy, satellite communication can provide immediate access, bridging the digital divide effectively,' Lahoti said. It will also play a vital role in everyday life, especially in rural and remote areas, by enabling access to essential public services. Beyond that, it holds immense importance for providing connectivity to vessels, aircraft, and vehicles. As IoT (Internet of Things) adoption grows rapidly, satellite communication will also be key to connecting IoT devices in underserved and hard-to-reach regions, he said, adding IoT will be one of the major use cases for satcom space. According to a report by Research and Markets, the satellite communication market is estimated at $16.9 billion in 2024 to $33.2 billion by 2029, at a CAGR of 14.5%. The satellite communication services market is growing exponentially, and it can be attributed to various factors. The report said these include the need for dependable connections in remote plus marginal areas, expansion in IoT and Machine-to-Machine (M2M) applications, and an increasing dependence on satellite-based broadcasting and data transfer.
&w=3840&q=100)
Business Standard
20 hours ago
- Business Standard
Embassy REIT posts Rs 155 cr Q1 profit, appoints Amit Shetty as new CEO
India's largest REIT raised Rs 4,225 crore in Q1 to fund growth; posts 2 million sq ft in leasing and declares Rs 550 crore in distribution Mumbai Embassy Office Parks REIT, India's largest real estate investment trust by market capitalisation, reported a 13.1 per cent year-on-year (YoY) decline in net profit to ₹155.1 crore for the first quarter of FY2026. The decline was primarily attributed to a deferred tax expense of ₹121.2 crore related to the previous year. Revenue from operations rose 13.2 per cent YoY to ₹1,059.7 crore. However, sequentially, revenue dipped 2.4 per cent from ₹1,085.8 crore in the previous quarter. Leadership transition: Amit Shetty takes over as CEO As part of a leadership restructuring, Embassy REIT has appointed Amit Shetty as Chief Executive Officer effective August 1, 2025. Shetty previously served as Chief Operating Officer. Ritwik Bhattacharjee, the current CEO, will transition into the role of Senior Advisor. 'I am really pleased to lead Embassy REIT at such an exciting time for our business. Our business is in great shape with strong fundamentals and demand drivers, and the outlook for the Indian office has never been brighter,' said Shetty. Debt raised to fuel growth at favourable rates During the quarter, Embassy REIT raised ₹4,225 crore in debt at an average coupon of 7.18 per cent to support growth initiatives. This includes a ₹750 crore issuance of non-convertible debentures (NCDs) at a 6.97 per cent coupon—the lowest rate achieved by the REIT in four years. The REIT also leased 2.0 million square feet (msf) across 25 deals, a 9 per cent YoY increase. This comprised 1.0 msf of new leases, 0.36 msf of renewals, and approximately 0.67 msf of pre-leases. 'We are delighted to report a strong start to FY2026, with 2.0 msf of leasing this quarter and growing momentum in Chennai,' said Bhattacharjee. 'Our revenue grew 13 per cent YoY, and distributions grew by 4 per cent YoY, reflecting the continued strength of our portfolio.' Q1 distribution declared; GCCs drive portfolio resilience The Board declared a distribution of ₹550 crore or ₹5.80 per unit for Q1 FY2026. The record date for the distribution is August 5, 2025, with payments expected on or before August 12, 2025. REIT distributions comprise dividends, interest, debt amortisation, or a combination of these, and REITs are mandated to distribute 90 per cent of taxable income to unitholders. Chennai led the pre-leasing activity with over 500,000 square feet signed, including space taken by a global healthcare major. Bengaluru assets, which represent 75 per cent of Embassy REIT's Gross Asset Value, maintained over 90 per cent occupancy. Ten out of 14 properties have above 90 per cent occupancy, and six are fully occupied. Global Capability Centers (GCCs) remain the key demand driver, contributing 64 per cent of rentals. Capital recycling and new development opportunities The REIT also received an invitation to offer from Embassy Developments Limited for a potential 3.3 msf commercial project in Whitefield, Bengaluru. This proposal is under evaluation in line with governance norms. Embassy REIT's active development pipeline spans 6.1 msf across Bengaluru and Chennai, with 60 per cent already pre-leased—signalling robust forward demand. The company announced its Q1 FY2026 results after market hours on Thursday. Shares closed at ₹395.51 on the BSE, down 0.50 per cent.
Time of India
a day ago
- Time of India
Embassy REIT appoints Amit Shetty as CEO; reports 15% increase in Q1 FY25 NOI
Embassy Office Parks REIT, Asia's largest office REIT by area and India's first to list, has named Amit Shetty as its new CEO, effective August 1, 2025. Shetty currently serves as Chief Operating Officer of Embassy REIT and has been a pivotal figure in the REIT's journey since 2021. Prior to joining Embassy REIT, he held leadership roles at CBRE for 14 years. As CEO, Shetty succeeds Ritwik Bhattacharjee, who will transition to the role of Senior Advisor to the REIT. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Leadership Data Analytics Others Digital Marketing CXO others Design Thinking healthcare Healthcare MBA Public Policy Data Science Project Management Degree Cybersecurity Product Management Finance Artificial Intelligence Management Data Science Technology MCA Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details 'With his pedigreed relationships with the leasing community and strong development and asset management capabilities, Amit will take the REIT to greater heights in this growth cycle for the Indian office market,' said Jitu Virwani, Chairman, Embassy Group. The leadership announcement comes alongside strong Q1 FY2026 results. Embassy REIT reported 13% year-on-year revenue growth, reaching ₹1,060 crore, and a 15% increase in Net Operating Income (NOI) to ₹872 crore. Distributions rose 4% YoY to ₹550 crore, or ₹5.80 per unit, declared by the Board of Directors of Embassy Office Parks Management Services Private Limited. The record date is August 5, 2025, with payments due on or before August 12, 2025. 'Our revenue grew 13% YoY, and distributions grew by 4% YoY, reflecting the continued strength of our portfolio. We also raised ₹4,225 crore of debt at a blended coupon of 7.18% to opportunistically take advantage of a favorable rate environment, and to position the REIT well for future growth opportunities,' said Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT. Operational momentum remained robust with 2.0 mn sq ft of leasing across 25 deals, including 1.0 mn sq ft in new leases and 665k sq ft in pre-leases. Chennai led pre-leasing activity, with over 5 lakh sq ft leased to a leading global healthcare firm. Bengaluru assets, which account for 75% of Gross Asset Value, continued to perform strongly, with 10 of 14 properties above 90% occupancy. 'Our business is in great shape with strong fundamentals and demand drivers, and the outlook for the Indian office market has never been brighter,' said Shetty. Embassy REIT also raised ₹4,225 crore of debt at a favorable 7.18% blended coupon, including a record-low 6.97% coupon on a ₹750 crore NCD issuance, the lowest in four years. In addition, the REIT entered binding agreements to divest 3.76 lakh sq ft at Embassy Manyata and is evaluating a proposed 3.3 mn sq ft project in Whitefield. With a 51.2 mn sq ft portfolio across five major Indian office markets and strong demand drivers, Embassy REIT remains well-positioned for sustained growth under its new leadership.
