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Category: Business

  • Sensex trades lower, 589 points down amid escalating Middle East Conflict

    Sensex trades lower

    Sensex trades lower

    Indian equity indices were trading the deep red on Thursday following weak global cues amid escalating tension in the Middle East and worries over full-fledged war between Iran and Israel.

    At 9.38 a.m., Sensex was down 589 points or 0.69 per cent at 83,686 and Nifty was down 174 points or 0.68 per cent at 25,622. In the early trading hour, broader market trends remained weak. On the National Stock Exchange (NSE), 256 shares were in the green and 1,188 shares were in the red.

    Twenty-eight out of 30 Sensex stocks were trading in the red. Wipro, Asian Paints, Tata Motors, M&M, Maruti Suzuki, Reliance, Nestle, ICICI Bank, Titan, TCS, L&T, HUL, Kotak Mahindra Bank, HDFC Bank, Bajaj Finserv, HUL, Axis Bank and Bajaj Finance were the top losers.

    Only JSW Steel and Tata Steel were in the green. Among the sectoral indices, Auto, FMCG, realty, media, energy and pvt bank were major gainers. Only the metal index was in the green.

    Mixed trading is taking place in Asian markets. Tokyo and Taipei are in green, while Hong Kong, Bangkok, Seoul and Jakarta are in red. In the US, stock markets closed with modest gains on Wednesday.

    Sensex closes at all-time high, Nifty above 26,000 for first time

    The tech-heavy Nasdaq Composite rose slightly by 0.08 per cent, while the S&P 500 and Dow Jones Industrial Average inched up by 0.01 per cent and 0.09 per cent, respectively.

    According to the market experts, the situation will change if Israel attacks any oil installations in Iran which will trigger a huge spike in crude. If it happens, it can turn out to be more damaging for oil importers like India.

    Therefore, investors should watch the emerging situation very closely. A partial switch in portfolios to defensives like Pharma and FMCG also can be thought of. The foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 5,579 crore on October 1, while domestic institutional investors extended their buying as they bought equities worth Rs 4,609 crore on the same day.

    (With inputs from IANS)

  • Crown Bioscience Expands Singapore Facility with Advanced Oncology Models and Imaging Capabilities

    Crown Bioscience Expands Singapore Facility with Advanced Oncology Models and Imaging Capabilities

    October 03, 2024,San Diego, United States : Crown Bioscience, a global contract research organization (CRO) headquartered in San Diego, California in the United States, and a part of JSR Life Sciences and JSR Corporation, recently acquired by Japan Investment Corporation Capital Co., Ltd. (JICC), today announced an expansion of its facility in Singapore. This update includes new oncology research models and state-of-the-art imaging technologies. Located in the epicenter of Asia’s biomedical sciences hub, the enhanced facility is set to bolster the company’s support for both global and local biotech and pharmaceutical companies engaged in preclinical and translational oncology drug discovery and development.

    Opened in 2023, the Singapore facility enhances Crown Bioscience’s strategic global presence, which spans 12 locations worldwide. Tapping into its prime location and strong partnerships with leading science and technology providers, the facility is now equipped with advanced Magnetic Resonance Imaging (MRI) for orthotopic and systemic models, In Vivo Imaging Systems (IVIS), and its transient human immunity platform (MiXeno™), alongside comprehensive biomarker services. It offers an extensive selection of oncology models, utilizing in vivo syngeneic, cell-derived xenograft (CDX), and patient-derived xenograft (PDX) models. The facility provides key analyses, including flow cytometry (FACS), ELISA assays, and tissue preservation (FFPE). These platforms and services are instrumental in the development and efficacy testing of novel oncology drugs and therapeutics.

    John Gu, Interim CEO of Crown Bioscience, commented: “The expansion of our Singapore facility not only amplifies our oncology research capabilities but also reflects our strategic initiative to diversify our global operational bases and enhance accessibility in key regions. This ensures that we can continue to provide our clients with unmatched precision and efficiency in preclinical and translational drug research and development.”


    Praveen

  • Vande Bharat Update: Vande Bharat is not getting passengers on this route; will it be closed

    Vande Bharat News: The country’s most popular train Vande Bharat is being operated by the railways on different routes. Passengers are also very happy with the running of Vande Bharat on their routes. But there are reports that Vande Bharat is silent on some routes.

    Vande Bharat trains are facing a shortage of passengers on these routes, due to which plans are being made to stop the operation of Vande Bharat. Recently, Prime Minister Narendra Modi inaugurated more than half a dozen Vande Bharat Express trains. However, the number of passengers on all routes is not encouraging. According to the latest report, the Secunderabad-Nagpur Vande Bharat train is running almost empty, with more than 80 percent of seats vacant.

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    The situation of the Secunderabad-Nagpur Vande Bharat Express is worrying. According to railway officials, only 20 percent of passengers have travelled on this route. On September 22 (Sunday), train number 20102 departed from Secunderabad to Nagpur with more than 1,200 seats vacant. The total capacity of the train is 1,440 seats. Apart from this, less than 10 passengers had booked the 88-seater executive.

    According to a media report , due to a decrease in the number of passengers, the authorities may consider discontinuing the operation of the Secunderabad-Nagpur Vande Bharat Express. This train was launched on September 16. Railway officials have said that if the passenger count remains low, the number of coaches will be reduced. Currently, this train is running with 20 coaches, but a decision can be taken to reduce it to 8 coaches. In such a situation, the number of seats will be reduced significantly. Through this train, the railways aimed to connect the Vidarbha region of Maharashtra with Ramagundam, Kazipet and Secunderabad, so that local people can take advantage of business, family or tourism related travel.

    Meanwhile, Indian Railways plans to introduce the sleeper version of Vande Bharat Express in the coming days, for which preparations are in full swing. Vande Bharat trains are getting positive response from the public and passengers are eager to travel on these new trains. Now it remains to be seen how passengers react to Vande Bharat Sleeper.

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  • Connectivity, Accessibility, Affordability for a New Digital Era

    Connecting India

    3rd Oct 2024  New Delhi, Delhi, India India is on the brink of entering a new phase of growth, facilitated by the Government’s ambitious and progressive programs. Broadband can stimulate this growth significantly, with stakeholders coming together to define ambitious yet realistic goals and working towards achieving them. Fiber broadband in India has been gaining significant attention and traction over the past few years due to its potential to revolutionize internet connectivity in the country. As the momentum towards 5G networks and new hybrid usage models push operators towards increasingly distributed network architectures, service providers are investing in fiber to build out and upgrade their existing networks. The honorable Prime Minister’s vision of ‘Connectivity to all’, ‘Assessment to all’, ‘Affordability to all’ has lead to a significant spurt of digital transformation in the country, which is a great reflection of the Indian government’s determination and capabilities. Acknowledging the Indian Government initiatives to ensure nationwide internet connectivity particularly in rural areas through Fiberisation, Bharat Exhibitions organized the 2nd Broadband India Summit 2024 on the 27th of September 2024 at The LaLiT, New Delhi. The flagship summit is highly prominent that annually brings together industry experts, stakeholders, policymakers, technology providers, and business leaders to discuss and explore the latest trends, developments, challenges, and opportunities related to fiber-optic broadband deployment and its impact on various sectors.

    After the ceremonial lighting of the lamp, Mr. Shashi Dharan, MD, Bharat Exhibitions in his welcome speech said, “India is now at the threshold of a digital revolution. From education and health to disaster management; from financial inclusion to e-commerce; from public safety to entertainment; broadband connectivity has the power to make services and applications available to all to transform our country into a digitally empowered society and knowledge economy.”

    Connecting the Unconnected for Digital Bharat was the theme for the inaugural session. Mr. T. V. Ramachandran, President, Broadband India Forum, gave the inaugural address. He said, “As India marches towards 2025, an important focus should be on bolstering both wireline and wireless connectivity throughout the country. While government initiatives like BharatNet and the 5G Intelligent Village Initiative are commendable strides, the Broadband India Summit 2024 brings out the important point on the calibrated use of all technologies to achieve Broadband for All. These initiatives will not only enhance internet access but also serve as a cornerstone for realizing the Viksit India vision.”

    Chief Guest, Shri Niraj Verma, IAS, Administrator (Digital Bharat Nidhi) DoT, Ministry of Communications said, “The topic of connecting the unconnected is a very important topic. A futuristic technology is what the Govt. of India is aiming at. It’s all about economics in broadband. A 10 percent increase in India’s broadband leads to an increase of 3.5 percent in GDP. It is the means to an end. Rural economy is what Indian Govt is planning to accelerate. The ease of doing business will definitely improve under the National Broadband Mission.”

    Guest of Honour, Shri A. Robert J. Ravi, Chairman & Managing Director, Bharat Sanchar Nigam Limited, said, “The world is completely converging. The key of broadband is penetration. Because of evolving technologies, the real time data speed is a long way in the country. High speed data will generate employment opportunities within the country. Societal needs will grow, by connecting the unconnected. The new concept of fiber to rooms is evolving, creating a new era of immersive broadband.”

    Mr. Puneet Garg, President and Group Wireline CTO, Reliance Jio, who delivered the operator address was heard quoting, “Digital inclusivity is the key. Digital divide needs to be mitigated for achieving this inclusivity. Spanning across many technologies is what broadband is all about and India will reap its benefits across all sectors. We are aiming at connecting homes for Digital Bharat. Jio Air Fiber is accelerating this process. Metaverse interface is also coming in few years from now.”

    Mr. Dharmender Khajuria, National Head – Network Partnerships, Bharti Airtel, stated, “About 85 percent is teledensity. Digital India programme, supported by DoT are linked to the GDP of the country. Broadband penetration is slightly low in India, compared to other countries. Wireline to Wireless needs to go up.”

    Mr. Sanjay Nagpal, Director, Go to Market, Taara, said, “Using our next-generation free space optical connectivity solution, Taara is working with service providers and mobile operators to expand access to affordable broadband in both rural and urban communities of India. The technology can accelerate operators’ time to market as a true complement to fiber.”

    Mr. Andrew Bond Webster, VP, Broadband APAC, CommScope, in his speech quoted, “End customers require higher bandwidth, quality of service, looking for accessibility. Bandwidth is growing; latency and capacity are fundamental requirements for broadband. AI is going to play pivotal role in broadband latency. Speed, price, and latency are key elements in accessing network. India’s progress is quite staggering to me, which has made tremendous leap over the years.”

    “Norden is excited to bring together top industry professionals to discuss the future of broadband and showcase our role in building resilient, scalable, and sustainable networks,” said Mr. Prashant Oberoi, Director – India & SAARC at Norden Communication. “As a global leader, we are committed to empowering industries with the technology needed to meet the demands of the digital age.”

    Mr Dharmendra Singh, Sr. Vice President (Marketing), Hughes Communications India, one of the panelists was heard quoting, “In our collective mission toward a Digital Bharat, cutting-edge and robust satcom technology and infrastructure are crucial. At Hughes Communications India, we believe that expanding rural broadband connectivity is key to empowering communities, bridging the urban-rural divide, and unlocking opportunities for growth and innovation through inclusion. With the liberalised space environment and satcom technology revolution taking place, the latest LEO-GEO HTS satcom technologies, we aim to ensure that every corner of India, no matter how remote, is connected and capable of thriving in the digital age. Together, we can build a strong foundation for a more inclusive and prosperous future for all.”

    Mr. Anil Tandan, Director General, Broadband India Forum, gave the vote of thanks. He was heard quoting, “I extend my vote of thanks to everyone present here. We intend to continue the flagship event in the coming years.”

    The Summit was spread across 4 Sessions including two Technical Sessions and concluding with a Panel Discussion. Shri Vivek Dua, Sr. General Manager, Bharat Sanchar Nigam Limited, Mr. Mustafa Golam, Regional Lead, APAC, Taara, Mr. Saket Saraogi, Director Sales, India & SAARC, CommScope, Mr. Sumit Agarwal, Global Manager – Presales, Norden Communication, Mr. Rajesh Kaul, Founder & Director, LMES iConnectWe, Shri R. Shakya, Additional Director General and Head Haryana Licensing Service Area, Department of Telecommunications, Shri Abdul Kayum, Advisor (BB&PA, NSL-1), TRAI, Mr. Manoj Misra, Director – Regulatory Affairs, Indus Towers, Mr. Alok Gupta, Founder & CEO, Pyramid Cyber Security & Forensics, Shri Avinash Agarwal, DDG (Convergence & Broadcasting), Telecommunication Engineering Centre, DoT, Govt. of India, Mr. Bharat Bhatia, President, ITU-APT Foundation of India, Lt. Gen. AK Bhatt PVSM, UYSM, AVSM, SM, VSM (Retd), Director General, Indian Space Association (ISpA) were some of the other eminent speakers during the sessions.

    The summit was partnered and supported by Taara, Commscope, Norden Communication, Vihaan Networks, Hughes Communications India, Dron Edge India, LMES IConnectWe, Shaildhar Telecom Services, Anritsu, Communications Today, Broadband India Forum, Digital Infrastructure Providers Association, ITU-APT Foundation of India and Indian Space Association.


    Mansi Praharaj

  • The Grand Opening of The First Digikala Physical Store in Iran

    The first Brick-and-Mortar Store of Digikala opened in Tehran.

    This news in the past weeks has raised many questions regarding the reasons for the opening of a physical store by the country’s largest online store. Some experts considered this a setback for Digikala and some believed that this action was due to the decrease of the online sales of this complex. However, reviewing the global online e-commerce news shows that compared to similar businesses around the world the opening of Digikala’s brick-and-mortar store (physical store) should have happened even earlier.

    From Clicks to Bricks: The Grand Opening of The First Digikala Physical Store in Iran

    An Experience-Oriented Store

    According to the remarks of managers of Digikala at the grand opening ceremony of the physical store, this store was opened to bridge the gap between the physical and online sales in order to cover all the benefits of both shopping styles for customers. “As you know, it has been a long time since the online and offline worlds, or fair enough to say, technology and real life have been mixed and their borders have been narrowed down over time. It has been a long time since we realized the need to establish a physical and experience-oriented store through studying similar global cases and the feedback received from our customers.” Said Saeed Mohammadi, the co-founder of Digikala at the opening ceremony of the physical store. “We wanted to expand and enrich our portfolio to cover the functional values of the physical stores for users. I must say that although there are significant valuable features in the digital space such as the possibility to check, compare, and choose from millions of products, we still need an experience-oriented space. We intend to create a better customer experience for our users in this new brick-and-mortar store.”

    Masoud Tabatabaei, the CEO of Digikala, also highlighted the experience-oriented atmosphere of this store and announced that this store has three experience-oriented spaces: “One of these spaces is the mobile zone where users can test all types of mobile phones and compare them with other devices. We also have a sound zone which includes electronic products related to sound such as speakers, headphones, etc. Users can test the sound quality and power of these products in a standard environment. The third zone is dedicated to gaming products and users can experience gaming consoles and accessories there.”

    Universal experience 

    It was almost ten years ago that Amazon opened its first brick-and-mortar stores in the world, and since this online retail giant had started its activity by selling books, it opened its first brick-and-mortar stores in the same field of activity. Amazon, however, gradually increased its physical stores and created several types of stores. Currently, nearly 10 types of brick-and-mortar stores have been established by Amazon around the world, which operate in different fields of activities and have different sales models. For example, Amazon Style is a chain of Amazon clothing stores and there are other types of stores where buyers can buy foodstuffs with their credit and without using cash. After a while, Amazon also started buying chain stores and it bought the famous brand called Whole Foods for several billion dollars to be able to combine the experience of brick-and-mortar market operators with its innovations.

    The opening of brick-and-mortar stores by an online store is not limited to Amazon. Other e-commerce giants in the world have also turned to this path. For example, Alibaba Group opened stores across China with different brands. Freshippo is one of them which is an active grocery store that has more than 20 stores in China. Souq also opened its experience-oriented stores in Dubai a few years ago so that buyers can touch and experience the products. The managers of Digikala repeatedly emphasized the “experience-oriented” theme of the store in the opening ceremony of this brick-and-mortar store and believe that their store is a place where customers can experience working with electronic devices in various sections.

    The model adopted by these global online businesses is called bricks and clicks, which is a physical and virtual business model. This business model means the brands have both physical and online stores and both move towards the same goal.  Many customers who once flocked to chain stores for shopping and also showed a desire to shop online through various online stores still prefer to do their shopping in traditional or so-called brick-and-mortar stores.

    Digikala is the first online business in Iran that has opened its physical store and plans to seriously continue in this market and enter other fields as well. “We will try to take the next steps according to the thousands of comments and feedbacks that we will receive from our customers.” Said Hamid Mohammadi, the co-founder of Digikala at the opening ceremony of the physical store. “we might launch our next physical sales centers in other categories based on people’s opinions.”

    Amazon launched its brick-and-mortar store when it was accounted for half of America’s online sales. According to last year’s report, Digikala has 50% of the country’s online sales and it seems that now is a good opportunity to shine in another market and take a new path. The managers of Digikala emphasized over and over that this is a new path they intend to try now as an experiment.

    As we know, transitioning from a virtual store to a physical store and operating in both spaces at the same time is a challenging and sometimes impossible process for many brands, but in many cases the actions of online retailers in Iran, such as Digikala, open up new possibilities and paths. They have grown in a hard situation that few groups could overcome and deal with its problems and obstacles. It will be revealed later whether the Iranian e-commerce ecosystem can grow in the brick-and-mortar market as well as the online market.


    Neel Achary

  • NPS Rule Change: These 6 big rules related to National Pension Scheme have changed, check details immediately

    The National Pension System (NPS) has emerged as a game-changing scheme for India’s retirement planning sector, launched on January 1, 2004.

    Its main objective is to motivate individuals to make regular contributions to their pension funds during their working years, thereby ensuring a safe financial planning after retirement.

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    This scheme, jointly run by the government and the Pension Fund Regulatory and Development Authority (PFRDA), does not promise a predetermined pension amount but offers the possibility of favorable investment returns. NPS assets have achieved a compound annual growth rate (CAGR) of 37%, reaching Rs 2.76 lakh crore, mainly due to 58 lakh non-government customers who have contributed to this growth. Let us know what changes have happened in NPS recently.

    1.Tax deduction limit

    In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced significant changes in the tax deduction limit for employer contributions. This adjustment increased the employer contribution benchmark from 10% to 14% of the employee’s salary. As a result, employees will now be able to get an additional deduction equal to 4% of their basic salary with respect to employer contributions to NPS. For example, an employee earning a basic monthly salary of ₹1 lakh can now avail an additional deduction of ₹4,000 every month.

    2. NPS Withdrawal

    The rules for final withdrawal from the National Pension System (NPS) have been revised in 2024. Now the subscriber is allowed to withdraw 60% of his total amount as a tax-free lump sum. The remaining 40% must be used to buy an annuity plan, which is not taxable on withdrawal but will be taxed during the annuity payment phase.

    If the total amount on retirement is more than Rs 5 lakh, 40% of the NPS corpus should be used to buy an annuity plan, this portion will not have any tax implications. However, the annuity payment will be subject to taxation depending on the income tax bracket of the individual.

    3. NPS Investment Allocation

    The investment allocation guidelines within NPS have been amended. The rule now stipulates that individuals can maintain a maximum of 75% equity exposure until the age of 60. This allows customers to take advantage of investment growth opportunities during their employment years.

    4. Equity allocation in Tier-2 NPS accounts

    The government has increased the equity allocation limit for Tier-2 NPS account holders from 75% to 100% tax-free. This adjustment enables investors to increase their exposure to equities within their Tier-2 NPS accounts, thereby potentially increasing the potential for growth.

    5. Direct Remittance (De-Remit) Service

    With the introduction of Direct Remittance (De-Remit) facility, NPS subscribers can now access same-day NVA for their investments. By signing up for a Virtual Account Number linked to their bank account, investors can avail instant NVA on their contributions through the De-Remit process. This facility offers significant benefits to NPS investors.

    6. Systematic Lump Sum Withdrawal

    From February 2024, NPS subscribers had the option to make partial withdrawals for various purposes, such as funding their children’s higher education, buying or constructing residential property, and covering medical expenses. Subscribers can opt for Systematic Lump Sum Withdrawal (SLW) to withdraw up to 60% of their NPS funds periodically between the ages of 60 and 75. The remaining amount can be used for annuity planning.

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  • BOKA Group Appoints former Defence Secretary, Sir Ben Wallace, KCB, PC, as a Partner

    London – October 2, 2024 | BOKA Group, today announces the appointment of Sir Ben Wallace, KCB, PC as a Partner and part of its expanding investment team, starting on October 2, 2024.

    BOKA Group is an expanding Private Equity fund, investing in next generation technology, focusing on AI, cybersecurity, quantum, aerospace, advanced manufacturing and infrastructure innovation.

    BOKA’s portfolio companies serve both the growing demands of the commercial sector as well as providing solutions to national security and defence communities within NATO, AUKUS and allies.

    Sir Ben is a distinguished British politician, a former Security Minister and one of Britain’s and NATO’s longest serving Defence secretaries, in office from 2019-2023. He brings a wealth of experience in defence development, policy, military strategy, and national security.

    During his tenure his leadership coincided with major geopolitical events, including the current Ukraine conflict and the UK’s withdrawal from Afghanistan. He was an instrumental figure in the creation and publishing the UK’s first Defence Artificial Intelligence Strategy and establishing the UK National Cyber Force.

    Leveraging his extensive understanding of innovation in defence and national security, with strong government and commercial relationships, Sir Ben will be part of BOKA Group’s leadership team guiding our direction and expanding market presence and accelerating growth.

     

    Sir Ben Wallace said: “It is in everybody’s interest that the West protects itself from those that seek us harm.  Sadly, threats are aimed, not just, at our militaries but also our private sectors and infrastructure.  If we are to stay one step ahead of our adversaries, then we need to invest in next generation technology and learn from the current conflicts.

    “I’m joining BOKA Group because I believe together we can lead in defence innovation and investment. I will be using my experience to help BOKA become experts in targeting needed solutions for defence and security requirements as well as dual use technology that has the ability to deliver growth across the board.”

     

    A spokesperson for BOKA said: “We are pleased to welcome Sir Ben Wallace. His deep understanding of the defence sector and the geopolitical landscape, together with his proven leadership as one of NATO’s longest serving defence ministers, will be instrumental in propelling BOKA Group further in this rapidly expanding sector””

     

    A spokesperson for ADS, the trade association for for the UK’s aerospace, defence, security and space sectors, said: “Investment in the UK defence sector is critical to our ongoing success, and on behalf of our 1400 member companies, we are always delighted to welcome any and all vehicles that unlock opportunities for growth, innovation and capability development.

    “SMEs in particular find it it difficult when accessing finance for their ongoing development, and ADS look forward to working in close collaboration with former Secretary of State for Defence, Ben Wallace, as he joins BOKA Group as Partner in its in its investment team.”


    Neel Achary

  • Fostering Innovation through Targeted Skills Development

    Rebecca O' SullivanFostering Innovation through Targeted Skills Development: The Importance of Investing in Vocational Training

    By Rebecca O’Sullivan, National Manager of ETEA

    Melbourne, Australia, Dubai, UAE, 2 October 2024: It’s widely recognized that in today’s fast-paced business world, innovation is the driving force behind success and growth. Companies striving to remain competitive must continually adapt and evolve, and a critical factor in fostering this adaptability is investing in targeted vocational training. By equipping employees with the latest skills and knowledge, businesses can cultivate a culture of innovation that drives them forward in the industry.

    Upskilling is more than just a buzzword; it’s a fundamental component of fostering creativity and effective problem-solving within an organization. When employees are equipped with key skills and knowledge, they are better prepared to tackle complex challenges and devise innovative solutions. This enhanced capability not only boosts individual performance but also contributes to a more dynamic and agile organizational culture.

    Vocational training programs, such as those offered by ETEA, play a crucial role in this process. Our Australian-accredited qualifications provide employees with practical, industry-relevant skills that are directly applicable to their roles. This training empowers them to approach problems with a fresh perspective, apply new methodologies, and drive creative solutions that can set the company apart from its competitors.

    Innovative thinking is the cornerstone of business growth and market competitiveness. Organizations that prioritize continuous learning and development create an environment where new ideas can flourish. This culture of innovation can lead to:

    • Enhanced Services: Employees with advanced skills are better equipped to contribute to the development of new services, driving market differentiation.
    • Optimized Processes: Skilled teams can identify inefficiencies and implement improvements, leading to more streamlined operations and cost savings.
    • Increased Adaptability: A workforce that is constantly learning is more adaptable to changes in the market, allowing the company to pivot quickly and seize new opportunities.

    By investing in vocational training, businesses are not just enhancing their employees’ skills; they are creating a fertile ground for innovation. This strategic investment ensures that the organization remains at the forefront of industry trends, ready to meet the evolving demands of the market.

    For innovation to thrive, it must be embedded in the company culture. This involves:

    • Encouraging Lifelong Learning: Providing ongoing training opportunities demonstrates a commitment to employee growth and encourages a mindset of continuous improvement.
    • Supporting Knowledge Sharing: Facilitating the exchange of ideas and best practices among team members can spark new innovations and drive collaborative problem-solving.
    • Recognizing and Rewarding Innovation: Celebrating successes and recognizing contributions to innovative projects reinforces the value of creative thinking and motivates employees to continue pushing boundaries.

    Investing in vocational training is not just a short-term strategy; it’s a long-term investment for the future of the organization. By prioritizing targeted skills development, businesses can build a workforce that is not only skilled and knowledgeable but also capable of driving meaningful innovation. This approach not only strengthens the company’s competitive position but also fosters a culture where creativity and excellence are at the forefront.

    As ETEA continues to support businesses in the Middle East with high-quality Australian vocational training, we invite you to explore how our programs can help you unlock the full potential of your team. Together, let’s build a future where innovation is not just an aspiration but a driving force for success.
    Let’s create a culture of innovation and drive your business toward a future of sustained growth and excellence.


    Neel Achary

  • DGCA approves merger of AIX Connect with Air India Express

    DGCA: DGCA informed in the press release that proper steps are being taken to ensure that air passengers do not face any problems after this merger.

    DGCA: Aviation regulator DGCA today approved the merger of AIX Connect with Air India Express. These aviation companies are part of the Tata Group and will also pave the way for the merger of Air India and Vistara in the future, for which some proposal-based processes are underway. From October 1, 2024, all airplanes of AIX Connect have been transferred to AIX’s Air Operator Certificate (AOC).

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    Big news for Tata Group

    Activities for this merger with the Directorate General of Civil Aviation were going on for a long time and today with its approval, the empire of Tata Group in the aviation sector is going to become even bigger.

    On 23 July, the Directorate General of Civil Aviation (DGCA) cleared the way for a big merger. In this way, the merger of AIX Connect with Air India Express has been completed. After this merger, a unified brand has been formed. This process was going on for several months and many types of mergers were done under this integration process. These mainly included an alliance between the two for human resources i.e. HR and flight network operations. Aviation regulator DGCA said on Tuesday that the merger of AIX Connect with Air India Express has been completed.

    DGCA gave information in the press release

    DGCA informed in a press release that smooth steps are being taken to ensure that air passengers do not face any problems after this merger. Flight operations in this joint unit airline will continue without any problems. All measures are being taken to ensure that passengers get a safe and comfortable air travel.

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  • Vistara to get ‘AI2’ flight number after merger with Air India next month

    Vistara airlines

    Vistara airlineseconomictimes

    National carrier Air India on Wednesday said that flights operated by Vistara will start using the flight code ‘AI2’ after the merger of the two airlines next month.

    Despite the integration on November 12, the Vistara experience will “remain the same”, said the Tata Group-owned airline. The merger involves Vistara, a joint venture between Tata Group and Singapore Airlines, and Air India.

    Currently, Air India uses the airline code ‘AI’ while Vistara uses ‘UK.’ According to the company, both the airlines have been working hard for over a year to ensure that the merger of the legal and regulated entities is seamless for both customers and staff.

    “Though the legal entities and Air Operator Certificates will become one on 12 November, the Vistara experience will remain. Vistara aircraft, crew and service will continue to operate as before, but with AI2XXX flight numbers bookable via airindia.com,” said an Air India spokesperson in a statement.

    Air India

    Vistara to get ‘AI2′ flight number after merger with Air India next monthIANS

    In parallel, Air India’s narrow-body fleet continue to be upgraded with new aircraft being delivered, legacy aircraft being refitted with entirely new interiors and Vistara’s catering now also extended to Air India.

    “We look forward to drawing upon the proud legacies and best practices of both airlines as we form a new airline group of which India can be proud,” the spokesperson added.

    In July this year, Air India said it had completed harmonising operating procedures across key functions for the four Tata Group airlines as a crucial step towards the merger. Vistara, a joint venture between Tata Group (51 per cent) and Singapore Airlines (49 per cent), is being merged into Air India to create a single full-service carrier.

    At the same time, Air India’s subsidiaries, AIX Connect (formerly Air Asia) and Air India Express, have merged to form a single low-budget airline.

    (With inputs from IANS)