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  • Canopy Sands Development Triumphs at Cambodia Real Estate Award 2024

    Canopy Sands Development

    Canopy Sands Development Triumphs at Cambodia Real Estate Award 2024, Solidifying Leadership in Township Development

    PHNOM PENH, CAMBODIA – – 15 May 2024 – Canopy Sands Development continues to ascertain itself as a number one pressure in the true property business by securing three prestigious awards — Township Development of the Year, Lifestyle Developer of the Year, and Development of the Year — at the Cambodia Real Estate Awards (CREA) 2024 for its premier venture, the Bay of Lights. This marks the second consecutive 12 months the venture has been acknowledged, solidifying Canopy Sands Development’s standing as a frontrunner in township improvement.

    Canopy Sands Development wins three prestigious awards at the 2024 Cambodia Real Estate Awards (CREA): Township Development of the Year, Lifestyle Developer of the Year, and Development of the Year

    Spanning 934 hectares, the Bay of Lights goals to rework Sihanoukville right into a vibrant enterprise and tourism hub, bringing substantial financial and social advantages. Recognized by a judging panel of main actual property business specialists, these awards underscore the venture’s ongoing affect and imaginative and prescient.

    “This recognition didn’t come in a single day,” mentioned Jimmy He, spokesperson for Canopy Sands Development. “The awards are the end result of our progress over the previous two years, reflecting our strategic planning and reinforcing our imaginative and prescient for the long run.”

    Jimmy additional added, “The Bay of Lights extends past the standard idea of a metropolis; it’s a complete city ecosystem designed to foster a sustainable and enriched lifestyle. We are deeply honored by these awards that acknowledge our revolutionary imaginative and prescient, and we stay dedicated to spearheading developments that promise economically sustainable and vibrant city residing.”

    The grasp plan for the Bay of Lights is constructed on visionary city design ideas aimed at creating a contemporary, environment friendly, and progressive township. This consists of distinctive recreation and lodging choices, a secure and broadly accessible infrastructure community, good mobility, and sustainable waste, vitality, and water administration techniques.

    This planning can also be complemented by a complete improvement technique designed to draw worldwide traders and vacationers, thereby boosting Sihanoukville’s tourism and native financial system. This method has not solely stimulated speedy financial exercise but in addition established long-term development and enhanced the worldwide relevance of Cambodia’s market.

    Since its inception in 2019, the Bay of Lights has achieved important milestones together with the launch of the Summer Bay Beach Club & Cabins by Preference (now managed by Ascott Group), the groundbreaking of a premiere USGA-certified 18+1 gap waterfront golf course designed by the legendary Greg Norman, in addition to the introduction of a one-stop leisure hub that includes Nitro Kart Circuit go-kart, Splash watersports, and Fly Max reverse bungee.

    As it progresses, the Bay of Lights venture guarantees to rework Sihanoukville right into a premier international vacation spot, setting the usual for sustainable improvement and neighborhood constructing, making it a benchmark for revolutionary city planning in Cambodia.

    Canopy Sands Development
    Canopy Sands Development is a pioneering actual property improvement firm, established in 2019 and headquartered in Phnom Penh, Cambodia. Led by a dynamic group of extremely skilled professionals, each native and worldwide, Canopy Sands Development is dedicated to laying the foundations that catalyze financial alternatives. With every venture, it goals to create a major financial, social, and academic affect, delivering sustainable and lasting advantages to Cambodian communities.

    Bay of Lights
    Bay of Lights is a pioneering improvement reshaping the skyline of Sihanoukville, Cambodia. With funding of USD 16 billion, this sprawling 934-hectare beachfront venture has been meticulously master-planned to characteristic 9 distinctive districts supporting the initiative’s six core pillars: Financial Services, Tourism, Education, Entertainment & Lifestyle, Health & Wellness, in addition to Art & Culture. Driven by a imaginative and prescient to create a world-class monetary and tourism hub, Bay of Lights design encourages a way of connectivity between numerous sectors and stimulating financial development.
    The issuer is solely liable for the content material of this announcement.

    Hashtags: #CanopySandsDevelopment


    Neel Achary

  • AD Ports Group Starts 2024 with Significant Financial and Operational Performance in Q1

    Abu Dhabi, UAE – 14 May 2024: AD Ports Group (ADX: ADPORTS), a number one facilitator of world commerce, logistics, and business, at this time introduced its monetary outcomes for the three months ending thirty first March 2024, reporting robust operational and monetary efficiency, with income greater than doubling Year-on-Year (YoY) to AED 3.89 billion, +22% YoY on a Like-For-Like (LFL) foundation after adjusting for the impact of mergers and acquisitions (M&A). In Q1 2024, AD Ports Group accomplished the acquisition of APM Terminals Castellon in Spain, Sesé Auto Logistics in Europe, Karachi Gateway Terminal Multipurpose Limited (KGTML) in Pakistan, Dubai Technologies in the UAE, and GFS in the UAE.

    Both Revenue and EBITDA progress had been pushed by the Maritime & Shipping, Ports, Logistics, and Digital Clusters, in addition to M&A impact, significantly Noatum’s acquisition, which was accomplished on thirtieth June 2023, and GFS’ acquisition, which was accomplished on thirty first January 2024.

    The Group EBITDA margin of 26.7% is properly throughout the 25-30% vary steering confirmed on the finish of 2023 for the medium time period.

    Despite larger depreciation and amortisation prices (+64% YoY) in addition to finance prices (+70% YoY) in Q1 2024, and M&A transaction prices, Profit Before Tax and Minorities grew by a powerful 27% YoY to AED 462 million, together with AED 62 million dividend revenue from the Group’s 10% funding in National Marine Dredging Company (NMDC).

    The introduction of company revenue tax in the UAE in 2024 and the upper share of income coming from international operations (additionally taxable) resulted in Total Net Profit progress of 10% YoY to AED 400 million, and a Net Profit after Minorities of AED 314 million.

    Revenues and income related with current natural and inorganic investments are but to be totally mirrored in the Group’s monetary efficiency going ahead. Furthermore, normalisation of rates of interest may even assist slender the hole between EBITDA efficiency and bottom-line progress.

    Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, mentioned: “We are happy to have continued the momentum of a profitable 2023 by the primary quarter of 2024, delivering robust monetary and operational outcomes greater than doubling our year-on-year revenues and recording wholesome income. This efficiency highlights our unwavering dedication to excellence and progress as a high participant in international commerce and logistics. Guided by the imaginative and prescient of our sensible management, the Group is properly structured and has constructed stable foundations to help the continued diversification of its port-centric logistics international footprint in gentle of the continued international geopolitical disruptions and polarisation. We are assured that with property in Pakistan, Spain, Jordan, Egypt, Congo Brazzaville, Angola, Uzbekistan, Kazakhstan, Georgia, and the UAE, AD Ports Group is well-placed to learn in at this time’s difficult markets.”

    Operational Performance

    Operationally, the Ports Cluster noticed container throughput develop to 1.37 million Twenty-foot Equivalent Units (TEUs) in Q1 2024, +26% YoY, pushed by larger total utilisation of 55% in comparison with 51% in Q1 2023 and 52% in This fall 2023. At Khalifa Port, which accounted for 88% of whole throughput, utilisation on the two operational container terminals elevated sharply to 62%, up from 55% in Q1 2023 and 56% in This fall 2023. On an LFL foundation (adjusting for KGTL and Noatum), container volumes grew 14% YoY.

    General cargo volumes rose by 36% YoY to succeed in 13.4 million tonnes in Q1 2024, in contrast with 9.8 million tonnes in Q1 2023, largely pushed by the consolidation of Noatum and KGTML.

    Ro-Ro volumes elevated by greater than fourfold YoY to 307,000 autos in Q1 2024, together with the consolidation of Noatum’s volumes, whereas cruise passenger volumes declined 8% YoY in the course of the quarter because of the influence of the Red Sea disruptions on the Aqaba Cruise Terminal operations (+2% YoY in cruise passenger volumes in the UAE).

    In the Economic Cities & Free Zones (EC&FZ) Cluster, 1.4 sq km of further new leases (web) had been signed in Q1 2024. Occupancy in KEZAD Communities continued to enhance, reaching 61% in the primary quarter of 2024, up from 47% in Q1 2023 and 60% on the finish of 2023. Demand for gasoline remained regular (-1% YoY), and warehouse occupancy improved additional to 88%, up from 71% in Q1 2023 and 87% in This fall 2023.

    In the Maritime & Shipping Cluster, all operational indicators recorded robust progress in Q1 2024. The whole vessel fleet reached 263, up from 184 in Q1 2023, including capability throughout all enterprise segments – Marine Services, Container, Bulk, Ro-Ro, and Offshore & Subsea.

    With the consolidation of GFS efficient 1st February 2024, AD Ports Group has change into the world’s third largest feeder container transport firm by capability, with a container vessel fleet of 49 and a complete vessel fleet capability of 139,000 TEUs. Maritime connectivity, a key ingredient in the built-in provide chain ecosystem that has been nurtured in Abu Dhabi over the previous few years, has leapfrogged with the acquisition of GFS, considerably strengthening the UAE Capital’s hub-and-spoke mannequin with 23 feeder companies, connecting clients to twenty-eight international locations and 78 ports alongside key commerce routes for Abu Dhabi.

    Container volumes elevated greater than four-fold YoY to 450,000 TEUs in Q1 2024; and marine companies actions (vessel calls, towing companies, pilot companies) all skilled mid-single digit progress YoY.

    With its mixed feeder container transport operations, which embrace GFS, Safeen Feeders, and Transmar, AD Ports Group loaded one TEU each 14 seconds in Q1 2024.

    In the Logistics Cluster, polymer volumes elevated 34% YoY in Q1 2024, whereas international ocean and air freight forwarding volumes elevated 13% YoY and declined 3% YoY, respectively. Ocean freight forwarding quantity good efficiency was pushed by a mixture of natural progress, particularly in Turkey, new buyer acquisition following the deployment of latest options, and beneficial market dynamics. As for air freight forwarding volumes, worth discussions with some current clients exerted strain on volumes.

    In the Digital Cluster, Foreign Labour Services (FLS) transactions, exterior initiatives, and the beginning of safety companies (by Nishan Security Services) supported the operational efficiency of the cluster.

    Financial Performance

    The EC&FZ Cluster recorded income progress of seven% YoY to succeed in AED 461 million in Q1 2024, pushed by warehouse leases and KEZAD Communities as utilisation charges in these two enterprise segments proceed to extend steadily.

    The cluster’s EBITDA amounted to AED 305 million for the quarter, translating into an EBITDA margin of 66%, in comparison with 68% in Q1 2023 and 63% adjusted for a one-off in This fall 2023.

    The Ports Cluster’s income grew by 80% YoY to AED 565 million in Q1 2024, fuelled by robust progress of 55%, 115%, and 271% YoY in port leases, common cargo dealing with, and Ro-Ro dealing with. This progress was bolstered by the contribution of Noatum and KGTML in the final cargo enterprise and Noatum in the Ro-Ro enterprise whereas the continued ramp-up of South Quay and KPL at Khalifa Port supported robust momentum in the port leasing enterprise. Additional container revenues, together with that from the container terminal in Pakistan-Karachi (KGTL) and Noatum’s container actions in Spain, have additional boosted the cluster’s top-line efficiency since Q3 2023. Adjusting for the M&A impact, consisting of Noatum Terminals enterprise in Spain (3-month contribution) and Pakistan’s KGTL (3-month contribution) and KGTML (2-month contribution), Ports Cluster income elevated by 17% YoY in Q1 2024.

    The cluster’s EBITDA reached AED 249 million in Q1 2024, implying an EBITDA margin of 44%, down from 55% in Q1 2023 and 45% in This fall 2023 because of the change in enterprise combine from worldwide actions.

    In Q1 2024, the Maritime & Shipping Cluster sustained a powerful high line progress momentum, with income hovering 92% YoY to AED 1.76 billion in Q1 2024, pushed by Marine Services (+384% YoY), Shipping (+90% YoY), and Offshore & Subsea (+48% YoY). Adjusted for M&A impact, 2-month contribution from GFS and 3-month contribution from Noatum Maritime, the Cluster’s income progress reached 27% YoY.

    The Maritime & Shipping Cluster was the most important income and EBITDA contributor, accounting for 44% and 37% of the Group income and EBITDA, respectively. Additional investments had been made in Offshore & Subsea capability to proceed to diversify the income combine and construct a synergistic portfolio of property much less vulnerable to fluctuating market dynamics.

    The cluster’s EBITDA amounted to AED 436 million, translating into an EBITDA margin of 25% vs. 32% in Q1 2023 and 23% adjusted for one-offs in This fall 2023.

    As anticipated, the Red Sea disruptions have had a constructive influence on the cluster’s Shipping enterprise, which represented 54% of the cluster’s whole income in Q1 2024, up from 46% in 2023 given the 2-month contribution of GFS. About 29% of the feeder container volumes transported in Q1 2024 had been associated to the 7 Red Sea companies operated in the course of the quarter. Both demand and charges for transport operations in the Red Sea have been trending larger and present situations appear to be entrenched and are more likely to persist in the approaching quarters.

    The Logistics Cluster’s income jumped nearly seven-fold YoY to AED 1.08 billion in Q1 2024, primarily pushed by the consolidation of Noatum Logistics (3-month contribution) and Sesé Auto Logistics (2-month contribution), and the beginning of operations of ADL-Ulanish (1-month contribution), a brand new logistics JV in Uzbekistan. LFL income progress for the cluster reached 49% YoY, supported by the polymer enterprise and further natural revenues from ADL-Ulanish.

    The cluster’s EBITDA nearly tripled YoY to AED 93 million in Q1 2024, implying an EBITDA margin of 9% vs. 23% in Q1 2023 and 6% adjusted for one-offs in This fall 2023.

    The Digital Cluster’s income grew by 50% YoY to AED 151 million in Q1 2024 (+38% YoY on a LFL foundation, adjusting for the consolidation of TTEK (3-month contribution) and Dubai Technologies (1-month contribution). This progress was pushed by larger income from Foreign Labour Service (FLS) transactions and exterior initiatives, and the beginning of safety companies (by Nishan Security Services).

    The cluster’s EBITDA amounted to AED 94 million in Q1 2024 (+60% YoY), ensuing in an EBITDA margin of 62% vs. 58% in each Q1 2023 and This fall 2023.

    On the Balance Sheet entrance, whole property grew 34% YoY to AED 58.3 billion in Q1 2024, whereas whole fairness elevated 12% YoY to AED 25.0 billion.

    Net debt to EBITDA ratio dropped to three.4x in Q1 2024, from 4.4x on the finish of 2023, on the again of the robust quarterly EBITDA efficiency, which higher mirrored, though not totally but, not too long ago accomplished M&A transactions. The Group’s decrease leverage continues to help investment-grade credit score rankings.

    The Group’s Capital Expenditure (CapEx) reached AED 1.27 billion in Q1 2024, in line with the Group’s front-loaded AED 12-15 billion natural capex steering between 2024 and 2028.

    Cash Flow from Operations greater than doubled to AED 781 million in Q1 2024 on account of higher working efficiency and enhanced working capital, nevertheless the numerous improve in Cash Used in Investing Activities (one-off influence from the completion of a number of M&A transactions mixed with ongoing natural CapEx investments) led to a bigger damaging Free Cash Flow for the quarter.

    Martin Aarup, Group Chief Financial Officer, AD Ports Group, mentioned: “Our robust Q1 2024 monetary outcomes replicate our prioritisation of synergistic and sustainable progress, coupled with income diversification and value optimisation. The Group recorded EBITDA of AED 1.04 billion in Q1 2024, up 49% year-on-year. Through prudent monetary stewardship and targeted capital allocation based mostly on strategic priorities, we’ll proceed to steer AD Ports Group towards a unstable financial backdrop, guaranteeing it stays resilient in the face of financial turbulence and optimally positioned to capitalise on progress alternatives, while we progress alongside our value-enhancing trajectory.”

    Ross Thompson, Group Chief Strategy and Growth Officer, AD Ports Group, mentioned:” Our progress technique with complementary drivers – the operational ramp-up of current property, and M&A exercise domestically and internationally – is properly supported by our stable operational and monetary outcomes, and will guarantee resilient enlargement by financial and business cycles. Going ahead, we plan to commercialise and drive up utilisation of current and upcoming property, maximising their worth, whereas we concentrate on consolidating our place in Abu Dhabi throughout all clusters, as international direct investments in the UAE proceed to soar in line with the federal government’s aggressive technique to diversify the financial system away from the oil and gasoline sector.”

    Summarised Consolidated Financial Results

    AED m Q1 2023 This fall 2023 Q1 2024 Q1 2024
    vs.
    Q1 2023
    Revenue 1,817 3,566 3,888 114%
    EBITDA 1) 699 524 1,039 49%
    EBITDA Margin % 38.5% 14.7% 26.7% -11.7%
    Profit Before Tax 363 273 462 27%
    Total Net Profit 363 285 400 10%
    Attributable to the Owners of the Company 331 74 314 -5%
    Non-Controling Interests 32 211 86 172%
    Reported EPS (AED) 2) 0.07 0.01 0.06 -5%
    Total Assets 43,316 55,611 58,254 14,937
    Total Liabilities 21,078 31,302 33,300 12,223
    Total Equity 22,238 24,309 24,953 2,715
    Cash Flow from Operations 335 1,202 781 134%
    CapEx (1,016) (1,525) (1,271) 25%
    Cash Flow Used in Investing Activities (878) (1,565) (2,790) (1,912)
    Free Cash Flow (FCFF) (544) (364) (2,009) (1,465)
    Net Debt 3) 5,930 11,771 14,330 8,400
    Net Debt / EBITDA (x) 3) 2.1 4.4 3.4 1.3
    Return on Average Capital Employed – RoACE (%) 4) 6.7% 5.6% 6.5% -0.2%


    Rekha Nair

  • Biesse Wins Impresa Awards 2024 in “Innovation and I

    eleventh May 2024, Bengaluru, India: Biesse, a famend chief in the manufacturing of woodworking equipment, has been honoured with the distinguished Impresa Award 2024 in the “Innovation and Industry 4.0” class. This esteemed accolade, offered on the Autocluster Development & Research Institute in Pune by the Indo-Italian Chamber of Commerce and Industry (IICCI), underscores Biesse’s exceptional achievements in know-how innovation, its pivotal function in driving digital transformation, and its proactive embrace of the Industry 4.0 period.

    genai platform

    Biesse Wins Impresa Awards 2024 in “Innovation and Industry 4.0” class

    Furthermore, Biesse was recognised with a nominee award in the “Community Building and Social Inclusion” class, a testomony to its noteworthy endeavours in Corporate Social Responsibility (CSR). Biesse’s nomination throughout a number of classes, together with ‘Innovation & Industry 4.0’, ‘Sustainability & Circular Economy’, and ‘Community Building & Social Inclusion’, exemplifies its complete strategy. The occasion showcased Biesse’s cutting-edge options for processing wooden, glass, stone, and superior supplies, reaffirming its place as a beacon of Italian manufacturing excellence in India.

    Sayeed Ahmed, CEO, of Biesse India, stated, “Biesse has been on the forefront of providing state-of-the-art options to prospects in multimaterials, enhancing their manufacturing processes. The recognition resonates with our values of worldwide natives and Insightful curiosity. We prolong our heartfelt gratitude to our companions, purchasers, and supporters who’ve been integral to its success. This award underscores our dedication to fostering technological development and driving long-term development in India’s manufacturing ecosystem.”

    Italian Tech in India 2024 served as a platform to showcase a various vary of Italian applied sciences in the sectors of automotive and auto-components, equipment and manufacturing, agri and meals applied sciences, engineering, infrastructure, constructing and building. Supported by Exprivia and Axis Bank, the occasion facilitated significant collaborations between Italy and India, selling funding, innovation, and talent improvement. The presence of esteemed dignitaries reminiscent of His Excellency Vincenzo de Luca, Ambassador of Italy to India; Mr. Alessandro De Masi, Consul General of Italy in Mumbai; and Mr. Alessandro Giuliani, President of IICCI, underscored the importance of this occasion.

    As a part of its showcase on the occasion, Biesse exhibited its state-of-the-art equipment, the Rover Plast J FT 1530 machine, an entry-level resolution for processing superior supplies reminiscent of ACP, acrylic, plastics, foam, rubber, and materials.

    With a state-of-the-art manufacturing facility in Bengaluru, Biesse India serves as a worldwide hub for manufacturing high-quality machines, supporting the ‘Make in India’ initiative, and frequently increasing its product choices to satisfy buyer calls for. Biesse’s dedication to excellence extends past enterprise operations, with a concentrate on selling schooling, talent improvement, and neighborhood welfare by its company social duty initiatives in India.


    Sujata

  • VST Tillers Tractors Ltd Net profit surge by 32 Percent to Rs 121.51 Cr for the year ended March 31st, 2024

    Bengaluru, ninth May 2024: VST Tillers Tractors Limited (VST), India’s main farm tools producer, immediately introduced their annual monetary outcomes for the year ended March 31, 2024.

    VST Zetor

    For the monetary year 2024, VST achieved the highest-ever internet profit of (*32*) 121.51 Cr, a surge by 32% in contrast to (*32*) 92.36 Cr of the earlier year. Companies’ Earnings earlier than curiosity, taxes, depreciation & amortization (EBITDA) rose by 21% to (*32*) 184.77 Cr in contrast to (*32*) 152.16 Cr throughout the earlier year. Revenue from operations, noticed a degrowth of three.8% from (*32*) 1006.43 Cr to (*32*) 968.05 Cr. The firm was ready to preserve wholesome progress in profitability and money technology regardless of the opposed monsoon throughout the final season in the key markets.

    For the quarter ended March thirty first, 2024, VST reported a turnover of (*32*). 273.44 crores. The firm’s earnings earlier than curiosity, taxes, depreciation & amortization (EBITDA) for the quarter stood at (*32*) 50.22 Cr (17.69%) as towards (*32*) 59.78 Cr (18.23%) in the similar quarter of the earlier year. The internet profit margin for the quarter improved to 12.37% from 12.25% of This autumn FY23.


    Mansi Praharaj

  • Vamsi Krishna Honored as a ‘Ten Crore Champion’ at Freedom Business Retreat 2024

    Vamsi Krishna

    Co-founder and CTO of SeizeAgile Inc, Vamsi Krishna, Receives Prestigious Recognition for His Contributions to Digital Transformation and Agile Training.

    In an inspiring celebration of innovation and success, Vamsi Krishna, the dynamic Co-founder and Chief Technology Officer of SeizeAgile Inc, was honored as one of many ‘Ten Crore Champions’ at the celebrated Internet Lifestyle Hub’s Freedom Business Retreat 2024. This coveted award was introduced at the grand venue of Leela Palace, Chennai, through the annual retreat held on April 1-2, below the stewardship of India’s main digital coach, Siddharth Rajsekar.

    The ‘Ten Crore Champion’ award acknowledges distinctive leaders and entrepreneurs who’ve made important contributions to their fields whereas reaching outstanding monetary milestones. Vamsi Krishna, alongside 4 different distinguished achievers, was lauded for his modern strategy in bridging the gaps in Scrum and Agile coaching throughout the US, Canada, and India.

    Krishna’s journey with SeizeAgile Inc has been marked by a collection of pioneering initiatives and technological developments. His work has dramatically reworked the best way organizations implement Scrum and Agile methodologies, making these processes extra accessible and cost-effective. Among his notable improvements is the event of a faculty administration software program in 2009-2010 that revolutionized the training sector by automating varied administrative duties.

    In addition to his technological contributions, Krishna has additionally developed ‘BulkSell’, a groundbreaking utility that predates and parallels the functionalities of contemporary digital wallets like PayTM, simplifying cellular plan recharges by way of SMS transactions. This utility alone has facilitated smoother transactions for hundreds of sellers and their prospects, enhancing buyer satisfaction and operational effectivity.

    Looking forward, Krishna is dedicated to increasing his affect and the attain of his functions, aiming to generate a whole income of half a billion US {dollars} by 2025. He can also be at the forefront of growing an open consulting community, a digital platform designed to unite SCRUM trainers worldwide. This platform will serve as a collaborative ecosystem the place practitioners can share insights, assets, and finest practices, additional elevating the requirements of SCRUM coaching and consultancy.

    Vamsi Krishna’s recognition as a ‘Ten Crore Champion’ not solely highlights his particular person achievements but additionally underscores his impression on the digital transformation panorama. His dedication and modern spirit proceed to encourage a technology of entrepreneurs and technologists across the globe.

  • Jwala Khan Recognized as a ‘Ten Crore Champion’ at the Prestigious Freedom Business Retreat 2024

    Jwala Khan

    In a notable recognition of remarkable management and progressive excellence, Jwala Khan, the visionary Co-founder and Chief Technology Officer of GrabAgile Inc, was celebrated as one among the ‘Ten Crore Champions’ at the Freedom Business Retreat 2024. This prestigious occasion happened at the luxurious Leela Palace, Chennai, organized by the Internet Lifestyle Hub, one among the world’s fastest-growing communities for trainers, mentors, and lecturers, boasting practically 30,000 members.

    The ‘Ten Crore Champion’ award is bestowed upon leaders who not solely obtain substantial monetary success but additionally make vital contributions to their fields. Jwala Khan, together with his profound impression on digital transformation throughout a number of sectors, was one among simply 5 luminaries honored with this accolade at the retreat hosted on April 1-2, 2024.

    Revolutionizing Education and Industry

    Jwala Khan’s journey from a laptop functions scholar to a tech and entrepreneurship titan has been nothing in need of exceptional. His notable achievements started with the creation of a college administration software program in 2010-11, at a time when digital education was nonetheless nascent. This progressive software program included options such as SMS notifications and digital timetables, setting a new normal in academic know-how.

    In the building business, Khan spearheaded the improvement of a personalized ERP system for a main firm with 10,000 workers and 750 civil engineers, optimizing essential processes like labor attendance, invoicing, and materials monitoring.

    Innovation Before Its Time

    Even earlier than the widespread adoption of platforms like Paytm, Khan was instrumental in creating BULKSELL, a pioneering cell recharge software program that dramatically simplified the transaction course of for 750 distributors and 13,000 retailers throughout India.

    Leadership at GrabAgile Inc

    Since co-founding GrabAgile Inc in 2020, Jwala Khan has led the group to spectacular heights, specializing in SCRUM certification, consulting, and software program improvement tailor-made for coaching firms. Under his management, GrabAgile Inc has skilled 18,000 professionals and generated $7.5 million in income, considerably advancing the agile group.

    Vision for the Future

    Looking ahead, Jwala Khan is just not resting on his laurels. He is at present creating an open-source digital platform aimed at uniting all Scrum trainers below a single community. This bold undertaking is designed to reinforce collaboration, share data, and redefine requirements in Scrum coaching. Furthermore, Khan envisions increasing this collaborative community to incorporate professionals from numerous sectors, facilitating a complete ecosystem that fosters skilled development and innovation throughout industries.

    Jwala Khan’s Legacy and Future Ambitions

    Jwala Khan’s story is a testomony to his relentless pursuit of innovation, his dedication to digital transformation, and his profound impression on agile methodologies. As he continues to form the future {of professional} coaching and improvement, his efforts promise to pave the method for a extra related and environment friendly world skilled group.

  • AMD gets 2024 IEEE Corporate Innovation Award for Chiplet Design Leadership in High-Performance Computing

    SANTA CLARA, Calif. — May 9, 2024 — AMD (NASDAQ: AMD) acquired the distinguished 2024 Corporate Innovation Award from the Institute of Electrical and Electronics Engineers (IEEE) throughout a May 3 ceremony in Boston. The award acknowledges AMD for pioneering the event and deployment of chiplet structure designs for high-performance and adaptive computing.

    AMD was among the many first corporations to leverage the advantages of chiplet structure at scale to ship important advances in processor efficiency, effectivity and suppleness, extending the historic efficiency positive factors of Moore’s Law. In 2018, AMD launched the primary processor to characteristic a revolutionary chiplet-based x86 CPU design, the second-generation AMD EPYC™ server processor powered by the “Zen 2” core structure. Since then, AMD has integrated chiplet architectures throughout its management product portfolio, together with AMD Ryzen™ CPUs for PCs, AMD EPYC processors for information facilities and AMD Instinct™ accelerators for excessive efficiency computing (HPC) and AI.

    “Several years in the past, our passionate, world-class engineering groups started addressing the scaling challenges of conventional chip design,” stated Mark Papermaster, govt vice chairman and chief technical officer, AMD. “Everyone takes modular structure for granted now, however on the time it was radical considering. Its success is as a lot a feat of engineering as a testomony to the facility of groups with various abilities and experience working collectively, regardless of uncertainty and threat, towards a typical imaginative and prescient.”

    AMD engineered the brand new processor design strategy by distributing historically monolithic SoC designs into a number of smaller “chiplets.” This revolutionary shift allowed AMD to speed up time-to-market with highly-performant, power environment friendly and cost-effective chips that leveraged widespread designs for a number of markets.

    The firm’s management in driving chiplet design and innovation at scale continues to increase positive factors in computing efficiency and effectivity, enabling the business to raised deal with among the world’s most difficult issues. For instance, chiplet-based AMD EPYC processors are in use inside the Frontier supercomputer, the world’s first exascale supercomputer that’s serving to scientists to develop revolutionary applied sciences for power, drugs, and supplies.

    For almost a century, the IEEE Awards Program has paid tribute to researchers, inventors, innovators, educators, and practitioners whose distinctive achievements and excellent contributions have made a long-lasting impression on know-how, society, and the engineering occupation. Each 12 months, the IEEE Awards Board recommends a small variety of extraordinary people for IEEE’s most prestigious honors. This is the second time AMD has acquired this award; in 2005 IEEE acknowledged the corporate for improvements in the evolution of the x86 microprocessors and its extension to a 64-bit structure, which is the inspiration of recent information facilities and PCs.


    Rekha Nair

  • In Pics: Fairytale dresses on show at Met Gala 2024

    A galaxy of fashionistas rocked as much as the Met Gala 2024 at the Metropolitan Museum of Art in New York’s Central Park on Monday, sporting their very own interpretation of ‘The Garden of time’, the theme for this yr’s occasion. While Hollywood A-listers Zendaya and Jennifer Lopez shone brightly, singer Katy Perry stole the show. She was simply the most effective dressed, or was she? While pictures of the Roar singer sporting a gorgeous robe stole everybody’s consideration on-line, Perry wasn’t current at the occasion. Yes, you learn it proper. The footage had been AI generated. Let’s take a look at among the iconic dresses from the 2024 version of the show.

    Jennifer Lopez flaunting her near-see-through Schiaparelli dress with a casual top knot. Photo courtesy: Jennifer Lopez/Instagram
    Jennifer Lopez flaunting her near-see-through Schiaparelli costume with an off-the-cuff prime knot. Photo courtesy: Jennifer Lopez/Instagram
    Jennifer Lopez with Met Gala 2024 co-host Zendaya (right). The Spiderman actress tried a reimagined look from Christian Dior's 1999 collection by John Galliano. Photo courtesy: Jennifer Lopez/Instagram
    Jennifer Lopez with Met Gala 2024 co-host Zendaya (proper). The Spiderman actress tried a reimagined look from Christian Dior’s 1999 assortment by John Galliano. Photo courtesy: Jennifer Lopez/Instagram
    Renowned model Gigi Hadid turned up in style in a Thom Browne piece. Photo courtesy: gigihadid/Instagram
    Renowned mannequin Gigi Hadid turned up in fashion in a Thom Browne piece. Photo courtesy: gigihadid/Instagram
    Kendall Jenner looked stunning in this archival Givenchy gown by Alexander McQueen. Photo courtesy: Kendall/Instagram
    Kendall Jenner regarded gorgeous on this archival Givenchy robe by Alexander McQueen. Photo courtesy: Kendall/Instagram
    Actress Alia Bhatt's Alia Bhatt’s floral Sabyasachi saree took over 1,965 hours to make. Photo courtesy: Alia Bhatt/Instagram
    Actress Alia Bhatt’s floral Sabyasachi saree took over 1,965 hours to make. Photo courtesy: Alia Bhatt/Instagram
    AI generated images of Katy Perry in this beautiful dress emerged as fan favourite. Perry herself confirmed her absence from the event. Photo courtesy: KATY PERRY/Instagram
    AI generated pictures of Katy Perry on this lovely costume emerged as fan favorite. Perry herself confirmed her absence from the occasion. Photo courtesy: KATY PERRY/Instagram
    Singer Camila Cabello wore a 6 Kg gown encrusted with over 200,000 Swarovski crystals. Photo courtesy: camila/Instagram
    Singer Camila Cabello wore a 6 Kg robe encrusted with over 200,000 Swarovski crystals. Photo courtesy: camila/Instagram

  • SAUDI SHOWCASES SPECTACULAR SUMMER ESCAPES AT ARABIAN TRAVEL MARKET 2024

    Saudi Tourism Authority leads a delegation of 72 partners from the tourism sector to the Arabian Travel Market 2024 in Dubai.

    The group is showcasing Saudi’s unique and diverse summer destination offering including pristine beaches, lush mountains and international events including the Esports World Cup.

    Having welcomed 100m tourists in 2023, Saudi offers trade partners an unrivaled opportunity for sustained growth now.

    INDIA: The Saudi Tourism Authority (STA) marked the start of this year’s Arabian Travel Market (ATM) by showcasing Saudi’s spectacular summer destinations to trade partners – as the country’s tourism sector continues to go from strength to strength.

    Representatives from Saudi’s booming tourism ecosystem kicked-off the Middle East’s biggest travel and tourism trade show aiming to build awareness of Saudi’s unique and diverse summer destination offering, strengthen and establish new trade partnerships, and celebrate the remarkable year-on-year growth of the Saudi tourism sector.

    Fahd Hamidaddin, CEO and Board Member of STA, is leading the Saudi delegation of 72 partners from across the tourism sector, including top destination management companies, hoteliers, and airlines, to the show that started in Dubai today.

    The delegation is aiming to showcase Saudi’s distinctive summer destinations to trade partners and consumers in the GCC region and underline Saudi’s status as a world-leading year-round tourism destination, with a strategic focus on priority markets like India and China.

    Over the summer season, Saudi offers a unique and diverse range of activities and destinations for visitors including young families ranging from the pristine beaches of the Red Sea, the rich culture of Jeddah, and an events program like no other, including the Esports World Cup starting in Riyadh this July.

    Saudi Tourism Authority

    Saudi’s mountainous regions including the tranquil and picturesque destinations of Aseer, Taif, and Al Baha also provide a refreshing escape during the summer season with temperatures in the low 20s. These serene retreats are ideal for adventure travelers who seek natural beauty, wildlife, hiking trails, and cool breezes.

    Fahd Hamidaddin, CEO and Board Member of STA, said: “We’re delighted to be back at ATM this year to showcase Saudi as a unique summer destination, offering an action-packed events calendar, cool mountain regions for adventurer seekers, and pristine beaches for families and those looking to relax.

    The MEA and APAC markets are hugely important in our overarching tourism strategy with a combined 23 million visits last year, and we will be focusing on growing those numbers.

    Having welcomed over 100m tourists in 2023, Saudi is the land of now – offering growth and opportunities like no other to trade partners across the globe. And over the coming days, we look forward to building new long-lasting partnerships, sharing knowledge, and showcasing the wealth of opportunities Saudi has to offer.”

    Building on the success of last year’s presence at ATM, where over 50,000 visitors were welcomed at the Saudi stand, this year’s exhibit is set across three floors with partners showcasing hundreds of affordable and luxury bookable products for destinations such as Jeddah, AlUla, Aseer, Riyadh, and the Red Sea.

    Visitors can race a bike through the mountains of Aseer on a virtual simulator, download specially curated Saudi Summer playlists in partnership with Anghami, see an array of football memorabilia at the Saudi Pro League Museum, and enjoy live performances of traditional Saudi dancers, digital art displays from local artists. The diversity of Saudi will also be showcased with an interactive Saudi map and activities calendar.

    The stand also showcases the new “Saudi Rewards” scheme, a first-of-its-kind national rewards program, offering free nationwide rewards for citizens and visitors to unlock points on tourism, shopping, dining, entertainment, and more. Saudi Rewards currently has a network of 17 partners and will have a dedicated booth at ATM with interactive activations for visitors to enjoy.

    On the first day of the event, Mr Hamidaddin participated in a flagship panel event alongside other tourism leaders from the GCC to discuss collaboration and Saudi’s role in the region’s growing tourism sector.

    Popular UAE radio station Dubai Eye also broadcast their afternoon show live from the Saudi booth where they discussed Saudi’s summer offering, while trailblazing Indian influencer Masoom Minawala Mehta and world-famous travel influencer brothers, Wael and Nael Abualteen, were on the stand creating content for their social channels.

    STA and its partners are aiming to build on the successes of last year’s ATM, where more than 1,600 deals and more than 50 MoUs and strategic agreements were signed – resulting in 35,000 extra visits.

    Saudi presents trade partners with an unparalleled opportunity for sustained growth. Notably, the country achieved a significant milestone by welcoming 100 million tourists in 2023. Together with partners, STA is building knowledge of Saudi’s destination offerings to consumers, to address barriers to destination knowledge and welcome more visitors than ever to the Kingdom.

    This boom has continued in 2024, with the first quarter of the year witnessing a double-digit growth increase in tourists compared to the same period last year – bolstering Saudi’s position as a leading global tourism destination and driving progress towards its revised target of 150 million visits by 2030.

  • Sudha Reddy Stuns At Met Gala 2024 Pays Ode To Indian Craftsmanship & Heritage


    Sudha Reddy at Met Gala 2024

    HYDERABAD: Renowned philanthropist and businesswoman Sudha Reddy, hailing from Hyderabad, made a captivating appearance at the prestigious 2024 Met Gala, hosted at the Metropolitan Museum of Art on May 6th. Embracing the theme ‘Sleeping Beauties: Reawakening Fashion’, her red-carpet ensemble was a true reflection of her profound understanding of the theme and the ‘Garden Of Time’ dress code, following her remarkable debut in 2021.

    Clad in a custom creation from the esteemed couturier Tarun Tahiliani’s atelier, complemented by exquisite jewelry from Farah Khan Ali, Sudha Reddy presented a red-carpet moment that seamlessly blended timelessness with avant-garde flair. Capturing the fleeting essence of time, the monochromatic ensemble wasn’t just couture; it was a masterclass in storytelling and symbolism through fashion. It served as a metaphor for India’s artistic revival, mirroring the nation’s current creative and cultural boom and showcasing the beauty and depth of Indian craftsmanship and design.

    Handcrafted by over 80 artisans over 4500 man hours, the ivory silk gown was a true testament to collaboration. The hand-corseted bodice featured a miniature self-portrait of Sudha holding a delicate rose, symbolizing the promise of hope and peace. The bodice itself was a marvel of meticulous craftsmanship, painstakingly rendered with thousands of French knots, intricate Indian couching embroidery, and shimmering silk threads. Adorning the bodice were hand-carved mother-of-pearl flowers, symbolizing luminosity and permanence, while 3D butterflies symbolized the cycle of life. The flowing drapery of the gown cascaded like unfolding flower petals, embodying the yearning for self-expression. Symbolizing themes of regeneration and transformation, a voluminous cape made of panels of embroidered tulle added a textural element to the hand-crafted mother-of-pearl flowers and crystal shoulder accessory designed by Miodrag Guberinić, known for creating accessories for Lady Gaga and Madonna.

    The centerpiece of Sudha Reddy’s ensemble was undoubtedly the ‘Amore Eterno’ necklace, a stunning masterpiece from her collection. This exquisite piece was adorned with 25 exceptional solitaires, totaling over 180 carats, embodying the enduring legacy of the present and future generations of the Reddy family. At the core of the necklace lay a symbolic family tree crafted from four large, heart-shaped diamonds. The largest diamond, a 25-carat King of Hearts, honors Krishna Reddy, while the Queen of Hearts, a 20-carat heart, symbolizes Sudha Reddy. Two additional 20-carat hearts, known as the Prince of Knowledge and Prince of Treasures, represented their sons, Pranav and Manas. Completing this masterpiece were twenty-one luminescent round diamonds, symbolizing the shared experiences and cherished moments of Sudha-Krishna’s love story. Other jewels included a 20-carat heart-shaped diamond ring and a 23-carat yellow diamond ring.

    Sudha Reddy’s elegance extended beyond her outfit with the off-white vintage Chanel clutch from the ‘Falling For Camellias’ collection and custom-made pearl-adorned stilettos. Stylist Gautam Kalra assembled a dream team: celebrity makeup artist Nina Ubhi accentuated her natural beauty with fresh dewy makeup and a clean messy bun accentuated with bejeweled hairpins from Amrapali nail artist Fleury Rose transformed her fingertips into miniature works of art with cascading white flowers and Swarovski crystals manicure that took 100 hours to create.

    Sudha Reddy said, “It was an incredible evening at the Met Gala 2024! I’m grateful to have received the opportunity to celebrate culture, community, and creativity on such a grand scale, once again. Collaborations are what make fashion so exciting! Thank you to everyone who made this possible, from the visionary designers to my management and my glam team.”

    Tarun Tahiliani said, “It has been a pleasure to collaborate with Sudha Reddy on the custom-made MET outfit and translate the multi-layered theme into a work of art. Sudha’s self-portrait on the corset, combined with our signature draping technique and handcrafted embroideries and embellishments, conjures imagery of a blossoming garden, inviting the viewer to embrace authenticity in an ever-changing world. A metaphor for India as a sleeping beauty that is reawakening, the outfit celebrates the timelessness of heritage workmanship, transcendence of temporal boundaries, and the eternal cycle of renewal and regeneration.”

    Farah Khan Ali said, “Crafting the ‘Amore Eterno’ necklace wasn’t just about finding rare diamonds; it was about capturing the essence of love and time. I meticulously searched various corners of the world for these natural diamonds which took months of meticulous planning, designing, high-precision laser cutting, and polishing to create the final result. Boasting 180 carats of natural diamonds, Sudha’s ‘Amore Eterno’ necklace mirrors life’s cyclical dance, where the past, the present, and the future converge.”