Tag: global

  • Sachin Tendulkar Becomes Global Brand Ambassador for Bank of Baroda

    Sachin’s legacy of excellence & trust and his mass appeal complement the Bank’s stature as one of the most trusted banks

    Marks a new phase in Bank of Baroda’s transformational journey

    Introduces the ‘Bob Masterstroke Savings Account’ a premium bank account offering a plethora of services

    MUMBAI: Bank of Baroda, one of India’s most trusted banks with a wide international presence, today announced that the Bank has signed cricketing legend Sachin Tendulkar as the Bank’s Global Brand Ambassador. The strategic partnership between Sachin Tendulkar and the Bank of Baroda is built on a profound alignment of core values like excellence & trust. The partnership comes at an opportune time with the Bank of Baroda poised to script the next phase of its transformation journey as it pursues a faster growth trajectory, leveraging Sachin’s brand aura.

    Bank of Baroda is launching its first campaign featuring Sachin called “Play The Masterstroke”. The campaign encourages people to play a masterstroke and score big to realize their financial aspirations by choosing a Bank that is trusted by millions and backed by a legacy of over a century.

    With his mass appeal cutting across all corners of the country and encompassing India’s diverse demographics, Sachin will be positioned as Bank of Baroda’s Brand Ambassador featuring in all the Bank’s branding campaigns, consumer education & awareness programs on financial literacy & fraud prevention and customer & employee engagement programs. Bank of Baroda is present across 17 countries and Sachin as a global sporting icon will help elevate the Bank of Baroda brand in the international arena as well.

    Commenting on the association, Shri Debadatta Chand, Managing Director & CEO, of Bank of Baroda said, “It is a moment of great pride for Bank of Baroda to announce Sachin Tendulkar, one of India’s sporting legends, as our global brand ambassador. Sachin is a global icon who has always led by example, inspiring us through his actions both on and off the field. Just as he has galvanized a nation through his remarkable career, the Bank of Baroda has been a trusted partner for millions across the country, enabling them to achieve their financial aspirations. Sachin represents the epitome of Leadership, Excellence, Trust, Consistency, and a Legacy that transcends generations – values that form the bedrock of Bank of Baroda’s century-long journey. We are excited to partner with Sachin and bring this association to life.”

    The Bank also announced the launch of the ‘Bob Masterstroke Savings Account’, an exclusive savings bank account designed especially for clients desiring premium services. The ‘Bob Masterstroke Savings Account’, emphasizes best-in-class features, reliability, and long-term financial planning in its product construction and design.

    Augmenting the Bank’s offerings for its high-end customers, the Bob Masterstroke account comes with several features such as a higher interest rate on account balances through the Flexi Fixed Deposit facility, concessional ROI on retail loans, the Bob World Opulence Visa Infinite Debit Card (Metal Edition) and a lifetime-free Eterna Credit Card (subject to eligibility). bob Masterstroke account holders will also receive priority banking/ wealth management consultations, higher cash withdrawal limits, and other exclusive perks. Customers have to maintain a Quarterly Average Balance of Rs 10 lakh in the account. 

    Sharing his thoughts on the partnership, Sachin Tendulkar said, “I am happy to partner with Bank of Baroda, an organization which has evolved and continues to be relevant with the times. From its modest beginnings over a century ago, the Bank of Baroda has grown into a leading banking institution, built on the principles of excellence, integrity, and innovation. These values resonate with me, and I believe they are crucial for success in any endeavor. I look forward to a meaningful collaboration with Bank of Baroda.”

    “Our aspiration is that every citizen of the country “Plays The Masterstroke” by choosing Bank of Baroda as their preferred banking partner,” added Shri Chand.

  • Wayanad to Host Nation’s Largest Global Livestock Conclave in December

    Thiruvananthapuram, October 8, 2024: “The upcoming Global Livestock Conclave in Wayanad will play a pivotal role in advancing the dairy, cattle, and pet sectors, creating employment opportunities, and encouraging the younger generation to explore careers in agriculture,” stated J. Chinchurani, Minister for Animal Husbandry and Dairy Development. The Minister was speaking at the logo unveiling ceremony for the conclave, which is set to take place from December 20 to 29 at Pookode Veterinary College, Wayanad.

    Minister J. Chinchurani unveils the logo for the Global Livestock Conclave, scheduled from December 20-29 at Kerala Veterinary University, Wayanad. Kerala Veterinary University Vice Chancellor Prof. Dr. Anil K.S., Director Dr. T.S. Rajeev, and Associate Professor Dr. Justin Davis were also present at the event
    Minister J. Chinchurani unveils the logo for the Global Livestock Conclave, scheduled from December 20-29 at Kerala Veterinary University, Wayanad. Kerala Veterinary University Vice Chancellor Prof. Dr. Anil K.S., Director Dr. T.S. Rajeev, and Associate Professor Dr. Justin Davis were also present at the event

    The conclave, the largest of its kind in the country, will provide a platform to showcase the latest technologies and value-added products in livestock, poultry, dairy, and aquafarming sectors. “This event will be instrumental in promoting the comprehensive development of the state’s livestock sector, which in turn will strengthen Kerala’s economy,” the minister said.

    The event, hosted by Kerala Veterinary and Animal Sciences University (KVASU), is expected to attract around five lakh participants, including representatives from agricultural organisations, veterinary professionals, and industry experts. The ten-day conclave will feature stalls covering two lakh square feet, displaying pets, livestock, dairy farming, aquaculture, and poultry.

    KVASU Vice Chancellor, Prof. Dr. Anil K.S., and KVASU Director, Prof. Dr. T.S. Rajiv, also addressed the gathering. Prof. Rajiv noted that the conclave is expected to create over 25,000 jobs in the livestock and animal husbandry sectors. “Participants will gain valuable insights into emerging trends and innovations, helping to elevate the productivity of these sectors,” he said.

    In addition to exhibitions, the conclave will host expert-led seminars and workshops focused on modern animal husbandry techniques, value-added product marketing, and strategies to protect animals from diseases.

    For more details, contact:
    9895088388, 94460 52800


    Neel Achary

  • CDK Global Recognized as One of the Top 10 Best Workplaces for Women in 2024


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  • Stock Markets Today: Sensex trades higher amid positive global cues

    IPO market buzz continues next week with 3 new public issues

    Sensex trades higher amid positive global cuesIANS

    Indian equity indices opened in the green on Monday following global cues from the US and Asian markets.

    At 9.51 a.m., Sensex was up 193 points or 0.24 per cent at 81,882 and Nifty was up 36 points or 0.15 per cent at 25,051.

    However, the market trend remained negative. On the National Stock Exchange (NSE) 1,737 shares were in the red and 658 shares in the green.

    In the Sensex pack, ITC, Kotak Mahindra Bank, HCL Tech, ICICI Bank, Bharti Airtel, Wipro, Tata Motors, UltraTech Cement, Nestle, Bajaj Finance, TCS, Infosys, Axis Bank and SBI were the top gainers. Titan, HDFC Bank, NTPC, Maruti Suzuki, Power Grid, HUL, Sun Pharma, L&T and Asian Paints were the top losers.

    Hardik Matalia, Derivative analyst of Choice Broking said after a positive opening, Nifty can find support at 25,000 followed by 24,900 and 24,750. On the higher side, 25,150 can be an immediate resistance, followed by 25,250 and 25,300.

    Selling was seen in the midcap and smallcap stocks. The Nifty midcap 100 index slipped 113 points, or 0.19 per cent, to 58,374 and the Nifty smallcap 100 index slipped 60 points, or 0.32 per cent, to 18,702.

    market bull

    Asian markets are trading with gainsIANS

    Most Asian markets are trading with gains. Tokyo, Hong Kong, Bangkok, Seoul and Jakarta were major gainers. The US markets closed with gains on Friday.

    According to the market experts, “Globally stock markets have been resilient despite the escalating tensions in the Middle East. A big positive for equity markets is the strong US economy where the September non-farm job numbers have come surprisingly robust at 2.54 lakhs. The combination of a strong economy and declining inflation in the mother market of the US is a big positive.”

    The foreign institutional investors (FIIs) sold equities worth Rs 9,896.95 crore on October 4, while domestic institutional investors purchased equities worth Rs 8,905 crore on the same day.

    (With inputs from IANS)

     

  • Middle East Tensions Stir Global Markets, Investors Advised to Stay Calm

    IPO market buzz continues next week with 3 new public issues

    Middle East conflict: Stock investors advised to stay calmIANS

    The recent escalation of tensions in the Middle East has sent shockwaves through global markets, including India’s, causing a surge in volatility and a significant impact on indices. The situation, which has seen crude oil prices rise by over 5% in just two days, has prompted market observers to advise investors to remain calm, with the expectation that the situation will soon improve. The Indian markets have experienced a particularly tumultuous week.

    The Nifty 50 index has seen a decline of 4.5%, while the Nifty Midcap and Nifty Smallcap indices have fallen by 3.3% and 2.3% respectively. However, not all sectors have been negatively affected. The Nifty Metals index, for instance, has continued its upward trajectory, closing the week with a 0.3% return.

    Global markets have also experienced mixed trading. The Jakarta market reported losses, while the US market closed with losses in Thursday’s session. This global volatility is not an isolated incident but is reflective of the interconnectedness of today’s global economy. Krishna Appala from Capitalmind Research highlighted two major events that have significantly impacted the markets this week. The first is the new futures and options regulations introduced by the Securities and Exchange Board of India (SEBI). The second is the increasing geopolitical tensions between Iran and Israel, which have raised fears of potential disruptions to crude supplies.

    Appala emphasized the importance of having a high-level plan and not reacting in panic to these geopolitical flare-ups. He noted that while these situations may seem critical now, such tensions have arisen before. This advice is particularly pertinent given the historical context of geopolitical tensions and their impact on global markets.

    For instance, the 1973 oil crisis, triggered by geopolitical tensions in the Middle East, led to a severe recession in many countries. On Friday, the Sensex and Nifty closed in the red for the fifth consecutive session, amid worries about the escalating Middle East conflict. The Sensex closed at 81,688, down 808 points, while the Nifty was down 200 points at 25,049.

    Sensex down more than 500 points

    Indian markets have seen a decline, but the Nifty Metals index has continued its upward trajectoryIANS

    Rupak De from LKP Securities noted that the Nifty witnessed a bear attack for the second consecutive day. He pointed out that the next support is seen at 24,750, while resistance is visible at 25,300. According to market analysts, investors are closely monitoring the escalating conflict in the Middle East and have adopted a sell-on recovery strategy. The pessimism on the market is expected to continue in the near term amid rising crude prices and fund flows to cheaper markets like China.

    The escalating tensions in the Middle East have added volatility to global markets, including Indian indices, especially with crude oil prices rising by over 5 per cent in the past two days. This has led to a volatile week for Indian markets, with the Nifty 50 down 4.5 per cent, Nifty Midcap 3.3 per cent, and Nifty Smallcap 2.3 per cent. However, despite the volatility, Nifty Metals continued its upward trajectory, closing the week with 0.3 per cent returns. This resilience in the face of market turbulence is a testament to the sector’s strength and potential for growth.

    The escalating tensions in the Middle East have had a significant impact on global markets, including India’s. However, market observers and experts advise investors to remain calm and not react in panic. They emphasize the importance of having a high-level plan to navigate these turbulent times. As history has shown, geopolitical flare-ups tend to occur periodically, and while they may cause temporary market volatility, they also present opportunities for those who are prepared.

  • Today Stock Markets: Sensex trades lower amid weak global cues

    Sensex trades lower amid weak global cues

    IANS

    Indian equity markets were trading in the red on Friday following weak cues from US markets.

    At 9:47 A.M., the Sensex was down 279 points or 0.34 per cent at 82,216 and Nifty was down 69 points or 0.27 per cent at 25,180.

    Selling was driven by midcap and smallcap stocks. Nifty midcap 100 index was down 413 points or 0.70 per cent at 58,652 and Nifty smallcap 100 index was down 75 points or 0.40 per cent at 18,876.

    In the Sensex pack, Bajaj Finance, Asian Paints, Bajaj Finserv, NTPC, Tata Steel, UltraTech Cement, Reliance Industries, L&T, SBI, Bharti Airtel, SBI, Nestle and M&M were the top losers.

    TCS, IndusInd Bank, HCL Tech, ITC, Infosys, Wipro and Tech Mahindra were the top gainers.

    Among the sectoral indices, Fin Service, FMCG, metal, realty, energy and infra were major losers.

    IT, PSU Bank and auto were major gainers.

    Sensex closes down

    The broader market is in a downward trend.

    On the National Stock Exchange (NSE) 1,335 shares were in the red and 814 shares were in the green.

    Mixed trading is taking place in Asian markets.

    Tokyo, Hong Kong and Seoul are in the green while Jakarta and Bangkok are in the red. US markets closed in the red on Thursday.

    According to market experts, “The sharp correction of 2.1 per cent in the Nifty yesterday was more due to the massive Foreign Institutional Investors’ selling rather than fears of Middle East tensions escalating. The last three days have witnessed huge FII selling of Rs 30,614 crore in the cash market.”

    “The market will start responding to the Q2 results which will start flowing from next week onwards. Leading banks are poised for a recovery,” they added.

    The FIIs sold equities worth Rs 15,243 crore on October 3, while domestic institutional investors bought equities worth Rs 12,914 crore on the same day.

    (With inputs from IANS)

     Related

  • Ferring Pharmaceuticals bolsters global gene therapy supply chain with European manufacturing facility

    Ferring Pharmaceuticals bolsters global gene therapy supply chain with European manufacturing facility

    October 04, 2024,Saint-Prex, Switzerland : Ferring Pharmaceuticals today announced the opening of a state-of-the-art global manufacturing hub in Finland for the drug substance of its intravesical non-replicating gene therapy Adstiladrin® (nadofaragene firadenovec-vncg). This represents a significant milestone in Ferring’s capabilities and capacity to meet the current and expected growth in demand for this gene therapy for people with non-muscle invasive bladder cancer (NMIBC).

    Adstiladrin® (nadofaragene firadenovec-vncg) is approved in the U.S. for adult patients with high-risk Bacillus Calmette-Guérin (BCG)-unresponsive NMIBC with carcinoma in situ (CIS) with or without papillary tumours.

    “In January this year, we announced full commercial availability of Adstiladrin® in the U.S. We have now embarked on a broad programme of clinical research to enlarge the body of evidence for Adstiladrin® and plan for regulatory submissions in other global markets. Today’s announcement marks an important milestone in ensuring stable and sustainable global supply of Adstiladrin® to meet the anticipated growth in demand,” said Bipin Dalmia, Global Head, Uro-Oncology and Urology Franchise, Ferring Pharmaceuticals.

    Armin Metzger, Executive Vice President and Chief Technical Operations Officer, Ferring Pharmaceuticals added, “The continued investment and expansion of our gene therapy manufacturing infrastructure reflects Ferring’s strong commitment to deliver end-to-end solutions for even the most highly complex manufacturing challenges as part of our mission to fulfil the unmet clinical needs for people with bladder cancer.”

    According to the International Agency for Research on Cancer, bladder cancer is now the ninth most diagnosed cancer worldwide, previously ranked tenth.1 This rising global incidence underscores the necessity to expand the supply of innovative treatments for this disease.

    In addition to this European investment in drug substance, Ferring has further strengthened and diversified its nadofaragene firadenovec-vncg supply chain and is also nearing completion of a new manufacturing facility for drug product at Ferring’s U.S. campus in Parsippany, New Jersey. The bolstering of Ferring’s gene therapy manufacturing capabilities and footprint reinforces its commitment to ensuring the future supply of this therapy for patients.

    Located in Kuopio, Finland, the new European manufacturing site features a cutting-edge manufacturing suite, fully integrated with modern technology to produce adenovirus vector-based gene therapy drug substance in large quantities. The 25,000 square metre facility features renewable energy solutions such as waste heat recovery with heat pumps and solar energy, complementing Ferring’s commitment to protect the environment by reducing its negative impact on the planet.


    Praveen

  • From Concept to Reality: Laxmi Sarat Chandra Nunnaguppala’s Impact on Global Cybersecurity Solutions

    Laxmi Sarat Chandra Nunnaguppala

    Photo courtesy of Laxmi Sarat Chandra Nunnaguppala

    “Safeguarding the future is the new focus of cybersecurity,” says Laxmi Sarat Chandra Nunnaguppala, an information technology and security authority. Throughout his almost 10-year career, he continually tested the limits of cybersecurity, turning creative ideas into workable, international solutions.

    Nunnaguppala started knowing that the digital world was changing quickly. “We are at the center of a cyber arms race, where innovation is our best defense,” he says. This realization has shaped his professional path, inspiring him to create and apply the latest security information and event management (SIEM) systems.

    As a security architect and implementation engineer, he has led initiatives that strengthen the cybersecurity systems of more than 30 companies, including NASDAQ, Rockstar Games, and Fidelity. His work aims to implement technology and build strong systems capable of adjusting to constantly shifting threats.

    Urgent Need for Solid Cybersecurity

    Foreseen to reach $266 billion by 2024, the worldwide cybersecurity business is expanding tremendously. The frequency of cyberattacks and the spread of digital transformation projects over several sectors drive this growth. According to the latest estimates, cybercrime, which rose from $3 trillion in 2015, is predicted to cost $10.5 trillion yearly by 2025. The bleak outlook emphasizes how urgently strong cybersecurity solutions a demand experts like Nunnaguppala are trying to satisfy are needed.

    Given this, Nunnaguppala’s efforts stand out. His fresh approach to SIEM has set new expectations in the industry. One of his most well-known initiatives was creating a custom application for a banking client using machine learning (ML) to track security data logs. This program reduces false positives by varying notifications depending on high traffic times. It also uses a standard deviation model to spot errors, offering early alerts of possible security events.

    He spearheaded the solution design to address the critical Log4j vulnerability, leading a comprehensive effort to identify and eliminate affected components across all security logging systems. His innovative approach ensured the effective mitigation of this major security risk, safeguarding systems from potential exploits and reinforcing overall cybersecurity measures.

    Preparing for Future Risks

    “True innovation is in our capacity to foresee and reduce future hazards,” Nunnaguppala notes. Roundtower Technologies (AHEAD), an IT company, won the Americas Rookie Partner of the Year trophy in 2018, mainly due to his contributions. His knowledge of creating safe logging solutions for SIEM systems, prioritizing high availability and disaster recovery, guarantees his client’s data security is always running.

    Nunnaguppala’s commitment to preserving industry standards, including the Health Insurance Portability and Accountability Act and Payment Card Industry Data Security Standard, has strengthened the security architecture of numerous businesses. In a time when data breaches may cause significant financial and reputation harm, this meticulous attention to regulatory compliance is very vital.

    A Thought Leader

    Nunnaguppala, who has a Master’s degree in Engineering from Lamar University and graduated in 2015 with a foundation in network communications and security, rose to become a respected thought leader as well. He was an editorial member in peer reviewing articles for five international journals and recipient of multiple international awards in 2024. He also secured a patent, A Quantifiable Cyber Security Compliance Measurement System and Method of Operating the Same. His research articles on Revolutionizing Cyber Security With Cloud Computing and Federated Anomaly Detection: Powering Up Cloud Security With Machine Learning have been published in prestigious journals. These contributions show his anticipatory attitude and ability to combine academic expertise with pragmatic answers.

    He has made notable contributions to the academic and business communities through his roles as an editorial board member for several esteemed international journals. Additionally, he has lent his expertise as a judge for the prestigious International Business Awards. His exceptional work has been recognized globally, earning him multiple international awards that underscore his impact and excellence in his field.

    “Cybersecurity is an always changing field; staying ahead calls for constant learning and adaptation,” Nunnaguppala says. His dedication to learning is evident in his pursuit of multiple certifications, including Splunk Certified Consultant and Architect, and his proficiency with the MITRE ATT&CK Framework.

    Enhancing Threat Detection

    Nunnaguppala’s unique work with ML applications for security monitoring provides a glimpse into the future. By leveraging new technologies, organizations can quickly improve their threat detection skills and respond to situations.

    Also, the growing emphasis on regulatory compliance will continue to influence the field of cybersecurity. Organizations must navigate complex requirements to protect data security and privacy. Nunnaguppala’s significant knowledge in this field makes him an invaluable asset to any firm looking to improve its security posture and achieve compliance.

    Reflecting on his experience, he says, “Cybersecurity is more than a job; it’s a mission. Our effort safeguards data, integrity, and trust that underpins the digital world.” His words get to the heart of his goal and the long-lasting effects of his work.

  • Hyundai’s global sales fall 3.7 pc in September on weak overseas demand

    Seoul, Oct 2: Hyundai Motor, South Korea’s biggest carmaker, said on Wednesday its sales fell 3.7 per cent last month from a year earlier on weak overseas demand.

    Hyundai Motor sold 343,824 vehicles in September, down from 357,133 units a year earlier, the company said in a statement.

    Domestic sales rose 3.5 percent to 55,805 units from 53,911 during the cited period, while overseas sales declined 5 percent to 288,019 from 303,222, the statement said, reports Yonhap news agency.

    “In particular, high lending rates suppressed vehicle demand and increased incentives to woo customers from rivals weighed on the monthly results in overseas markets,” it said.

    Hyundai said it will flexibly respond to changes in global markets by adjusting production and sales systems depending on local conditions.

    While focusing on increasing sales of high-end models, Hyundai plans to launch the Casper Electric, named Inster for overseas markets, in global markets and develop gasoline hybrid models amid the slowdown in electric vehicles.

    From January to September, its sales declined 1.6 percent to 3,075,861 autos from 3,127,036 during the same period last year.

    Domestic sales dropped 8.5 per cent to 515,605 autos in the first nine months from 563,519 units a year earlier. Its overseas sales were down 0.1 percent to 2,560,256 from 2,563,517 during the same period.

    Meanwhile, Kia said its sales fell 4.5 per cent last month from a year earlier due to weak domestic demand. Kia sold 249,842 vehicles in September, down from 261,479 units a year ago on decreased production and fewer working days due to the Chuseok holiday.

    Domestic sales declined 14 per cent on-year to 38,140 units last month from 44,123, while overseas sales were also down 2.7 percent to 211,002 from 216,792 during the cited period, it said.

    The monthly sales figures include special-purpose vehicle sales results.

    In the fourth quarter, the company plans to boost sales by launching the upgraded Sportage SUV along with the planned global launch of the all-electric EV3 compact SUV.

    From January to September, sales dropped 1.5 per cent to 2,319,332 autos from 2,354,229 units in the same period of last year.

  • Tesla’s global deliveries rose in Q3, first increase this year for the electric vehicle maker

    Washington: Low interest financing, sweet lease deals, price cuts and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker. The Austin, Texas, company said Wednesday that it delivered 462,890 vehicles from July through September, bolstered by loans as low as 1.99 per cent, and $299 monthly leases on the Model 3, its least expensive vehicle. It delivered 435,059 vehicles during the same period last year. The figures for July through September came in slightly higher than analyst estimates of 462,000 for the period, according to data provider FactSet.

    However, shares of Tesla Inc. dropped sharply before the opening bell, trading down more than 4 per cent. Tesla has struggled much of the year to sell its aging model lineup as growth in electric vehicle sales in the US and Europe slowed due to concerns with range, price and the ability to charge on trips. Falling sales early in the year led to once-unheard of discounts for the automaker, cutting into its industry leading profit margins. Analysts estimated that Tesla’s average vehicle sales price was $42,500 for the third quarter, the lowest price in four years. The sales decline likely will pull down third quarter earnings when they are announced on October 23. Tesla’s sales decline comes as competition is increasing from legacy and startup automakers, which are trying to nibble away at the company’s market share.

    Nearly all of Tesla’s sales came from the smaller and less-expensive Models 3 and Y, with the company selling only 22,915 of its more expensive models that include X and S, as well as the new Cybertruck. Wedbush analyst Dan Ives wrote in a note to investors Tuesday that third-quarter sales would bring a rebound as China sales continue to increase and price and demand stabilizes.” As China continues to heat up on the demand story for Tesla with favorable leasing/financing terms and pent-up demand in the region, we are confident that we will see a significant growth figure in the region,” he wrote.

    Europe will continue to be slow with macroeconomic pressures, and US demand should stabilize, Ives wrote. But BNP Paribas Exane said in an investor note that long term expectations of the market are somewhat high for Tesla. The company said its sales estimates for 2026 and 2027 “remain 10 per cent to 15 per cent below the street, respectively.” Tesla is scheduled to unveil a purpose built robotaxi at an event next week.