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  • Amazon India Sets Record for Employee Volunteer Participation in Global Month of Volunteering

    Amazon India Sets Record for Employee Volunteer Participation in Global Month of Volunteering

    Chandigarh, June 15, 2024: Amazon.in on 14 June introduced that the Global Month of Volunteering celebrated in May 2024 noticed a document participation of over 1.1 lakh Amazon Employees together with company staff and associates in India, a rise of 100% YoY. This underscores the corporate’s deep dedication to create influence and have interaction with the communities throughout. Through volunteering efforts, Amazon addressed key focus areas like ladies empowerment, sustainability, meals safety, and schooling. With a mission to teach, encourage, and join, Amazon.in created over 400 volunteering alternatives throughout India, partnering with greater than 55 non-profit organizations the place staff can take part in a range of in-office, outside-office, and digital volunteering actions.

    “At Amazon, the well-being of the communities we serve is core to our success. Our Global Month of Volunteering unites our staff and empowers them to make an actual distinction. Through GMV, we now have already impacted the lives of over 1.36 lakh beneficiaries throughout India,” mentioned Manish Tiwary, Vice President and Country Manager, Amazon India. “We are dedicated to creating a long-lasting influence all year long and can proceed to leverage our sources for the better good, striving to be the great neighbour for the communities we dwell and work in,” added Manish.

    Amazon.in engaged volunteers to spotlight volunteering as a world drive for good by significant and impacting actions together with volunteers uniting to assist and empower communities by fostering native self-help teams to advertise indigenous merchandise enabling a sustainable livelihood; supporting woman college students in STEM schooling by varied nonprofit collaborations; serving to scale back waste in communities by reworking waste material into usable luggage and planting self-sustaining saplings whereas encouraging them in the direction of constructing a extra sustainable and environmentally acutely aware group; distributing ration kits together with ready-to-eat meals and important groceries like dal and rice amongst underserved communities; and creating partaking studying modules and rejuvenating studying areas together with interactive lessons, restocked libraries, turning faculties into vibrant facilities of creativity and data amongst a number of others.

    Amazon continues to make important strides in empowering communities by a range of impactful initiatives. Amazon has positively impacted greater than 7.8 million folks nationwide. By leveraging its huge sources and modern capabilities, Amazon focuses on offering important schooling and expertise coaching to underserved populations. Programs akin to Amazon Future Engineer purpose to bridge the hole in laptop science schooling, providing younger college students from numerous backgrounds the chance to realize essential expertise for their future careers. These academic efforts are complemented by quite a few scholarship packages designed to make sure that monetary limitations don’t change into a problem for entry to high quality schooling. Likewise, Amazon is dedicated to selling well being and hygiene consciousness by focused campaigns. So far, Amazon touched the lives of over 20,000 ladies and ladies. Additionally, we’re enabling entrepreneurship in this house by organising sanitary serviette manufacturing items in a number of cities together with cities like Kolkata, Hyderabad, Chennai and Bangalore.  These manufacturing items not solely gives sustainable livelihood options for 60 rural ladies by a cheap mannequin but in addition ensures the supply of environmentally accountable merchandise for over 2000 rural ladies and ladies in their neighborhoods.

    Overall, Amazon’s complete group influence technique underscores its dedication to leveraging know-how and sources to drive constructive change and assist sustainable growth throughout varied sectors. The firm’s ongoing efforts show a transparent dedication to creating lasting advantages for communities world wide the place its staff dwell and work.


    Neel Achary

  • Hello from Melodi team: Italian PM Giorgia Meloni clicks selfie with Indian Prime Minister, welcomes global leaders with ‘Namaste’

    Italian Prime Minister Giorgia Meloni
    Italian Prime Minister Giorgia Meloni greeting world leaders with Namaste. Photo Courtesy: X/@GiorgiaMeloni and X/@BJP4India

    “Hello from the Melodi staff,” says Italian Prime Minister Giorgia Meloni taking a selfie with her Indian counterpart Narendra Modi on the sidelines of the G7 Summit in Italy, giving a digital shoutout to the netizens who casually consult with the 2 global leaders as Melodi.

    Sharing a video on her X deal with, Meloni mentioned, “Hi mates, from #Melodi.”

    In the video, the Italian Prime Minister was heard saying, “Hello from the Melodi staff.” The two Prime Ministers had been seen waving wanting on the digital camera.

    In an image which went viral on social media, Meloni could be seen clicking the selfie with Modi by her facet whereas each had been in all smiles.

    The viral image was nearly a deja vu second for the 2 global leaders whose selfie on the COP28 Climate Summit in Dubai turned out to be common.

    During the G7 Sumit, Meloni additionally selected to greet individuals with a Namaste, a conventional Indian hand gesture, somewhat than handshaking.

    The Italian metropolis of  Apulia hosted the summit this yr from June 13 to June 15.

    On the work entrance, Modi Friday held bilateral talks with his Italian counterpart Giorgia Meloni with whom he had a “good assembly” to cement ties between two international locations.

    Modi additionally thanked her for inviting him to the G7 Summit. Earlier he was welcomed by Meloni in Italy.

    India has been invited to the G7 Summit as an Outreach nation.

    The bilateral talks targeting India-Italy relations in areas like commerce, vitality, defence, telecom and extra.

    “Our nations will work collectively in futuristic areas like biofuels, meals processing and demanding minerals,” PM Modi posted in an X put up.

  • Sensex, Nifty trade lower as markets open amid weak global, domestic cues

    sensex

    IANS

    Indian frontline indices, Sensex and Nifty have been buying and selling within the crimson on Friday following weak world cues. At 9.40 a.m., Sensex was down 196 factors or 0.26 per cent at 76,614 and Nifty was at 23,358, down 40 factors or 0.17 per cent.

    Broder markets are buying and selling with uptrend. Nifty midcap 100 is up 202 factors or 0.37 per cent, at 54,841 and Nifty smallcap 100 is up 69 factors or 0.39 per cent, at 17,977. Among the sectoral indices, PSE, infra, consumption, and realty are main gainers.

    Auto, IT, and Pvt banks are main losers. Titan, M&M, HUL, Asian Paints, Bajaj Finance, and Sun Pharma are the highest gainers. However, Tech Mahindra, NTPC, JSW Steel, HCL Tech, and ICICI Bank are the highest losers.

    Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd, stated, “Nifty has witnessed a sluggish and gradual rise over the last 4 classes discovering resistance close to the 23,400 – 23,450 zone with some revenue reserving witnessed within the second half of the buying and selling session.”

    Stock Market Down, Bear Market, Bearish, Sensex Down

    Stock Market Down, Bear Market, Bearish, Sensex DownIANS

    “The index has acquired the near-term help zone close to the 23,200 zones and a decisive shut above 23,400 shall set off for additional rise for the following goal of 23,800 stage,” she added.

    Mixed buying and selling is happening in Asian markets. Tokyo, Bangkok and Seoul are within the inexperienced, whereas the markets of Jakarta, Hong Kong, and Shanghai are buying and selling within the crimson. American markets closed within the crimson on Thursday. Crude oil benchmark Brent crude stays at $82 per barrel and WTI at $78 per barrel. 

    (With inputs from IANS)

  • POSSPOLE and Paris Saclay Hardware Accelerator (PSHA) Join Forces to Drive Global Innovation for a better future

    Bengaluru, Karnataka, June 7, 2024: Posspole Private Limited, a dynamic ecosystem for Hi-Tech merchandise, market entry, and manufacturing and Paris Saclay Hardware Accelerator (PSHA) are excited to announce the formalization of a strategic alliance, which is a momentous step that has the potential to utterly change the worldwide innovation setting. The Paris Agreement represents a widespread dedication to main the best way in human-centered know-how, selling sustainability, and benefiting mankind worldwide. POSSPOLE and PSHA’s historic partnership is anticipated to rework a number of outstanding industries, together with well being, mobility, telecom, vitality, aerospace, protection, meals and agriculture.

    By using the potential of cutting-edge analysis and know-how, these industries hope to be redefined and transfer towards a sustainable and ingenious future. The creation of two key know-how and manufacturing hubs the Posspole, Bengaluru in Karnataka, India, and the Paris Saclay Hardware Accelerator (PSHA) in Paris, France is crucial to the imaginative and prescient. These hubs will act as key nodes in our community of collaboration, encouraging entrepreneurship and making it simpler to transfer from ground-breaking concepts to prototype improvement to full-scale industrial manufacturing and entry to worldwide markets.

    “At POSSPOLE, we imagine that innovation thrives on the intersection of goal and collaboration. Our partnership with the Paris Saclay Hardware Accelerator represents a important step in the direction of harnessing international experience to create sustainable options for the future. Together, we’re dedicated to driving significant progress, fostering entrepreneurship, and making a tangible affect on industries and communities worldwide. We are excited to embark on this journey of collective ingenuity and transformative innovation.” Stated Kiran Rurdappa, CEO and Co-founder of Posspole

    “We lengthen our deepest gratitude to our devoted groups and stakeholders whose unwavering help has made this partnership potential, we’re devoted to reworking our widespread objectives and beliefs into important innovations which have the potential to considerably enhance society all around the globe.” said Alain Moinat, President and CEO of Paris Saclay Hardware Accelerator.


    Mansi Praharaj

  • Sensex trades higher on positive global cues, up 375 points

    sensex

    Indian frontline indices opened in inexperienced on Thursday following positive global cues. At 9:50 am, Sensex was up 375 points, or 0.50 per cent, at 74,724. Nifty was up 105 points or 0.47 per cent, at 22,725. Overall market developments stay positive.

    Out of the overall shares, 1,949 are buying and selling in inexperienced and 209 in purple. Midcap and smallcap shares are buying and selling with positive bias. The Nifty midcap 100 index is up 1,022 points or 1.99 per cent, at 52,285 and the Nifty smallcap 100 index is up 466 points or 2.86 per cent, at 16,774. India VIX (India Volatility Index) is down 5.88 per cent, at 17.78 points.

    sensex

    IANS

    Twenty-three out of 30 Sensex shares are buying and selling within the inexperienced. NTPC, SBI, Power Grid, Tech Mahindra, Tata Steel, HCL Tech and Infosys are the highest gainers. However, HUL, Nestle, Sun Pharma, Asian Paints, and Kotak Mahindra Bank are the highest losers.

    In Asia, Tokyo, Hong Kong, Seoul, and Jakarta are buying and selling with good points. However, there are declines in Bangkok and Shanghai. American markets closed with good points on Wednesday. Crude oil benchmark Brent crude stays at $78 per barrel and WTI crude at $74 per barrel.

    “As the market comes again to normalcy after the irregular volatility of the final three days, the global assemble has turned beneficial with the rising risk of price cuts by the Fed. Clear indicators of weakening labour market within the US led to the sharp decline within the US bond yield to 4.29 per cent,” market specialists mentioned. 

    (With inputs from IANS)

  • Daaji to speak at the United Nations on the International Day of Yoga and the World Bank headquarters on Global Wellness

    Daaji to speak at the United Nations on the International Day of Yoga and the World Bank headquarters on Global Wellness
    Daaji – Guide of Heartfulness & President of Shri Ram Chandra Mission with India consultant at UNESCO in Paris this month.

    Mumbai, 31 May 2024: The Guide of Heartfulness and President of Shri Ram Chandra Mission – Revered Daaji is on tour in the United States in the wake of the vastly profitable Global Spirituality Conference that was hosted at Kanha, Hyderabad, the international headquarters of Heartfulness. The first leg of his tour to UAE and UK noticed an upsurge of curiosity in heartfulness as an efficient device for creating internal peace, a prerequisite to world peace. During his go to to the US, Daaji shall be honored with official proclamations from the governors of Georgia and California in recognition of his contributions that promote meditation, wellness, and holistic dwelling. He has additionally been invited as one of the keynote audio system at the United Nations International Day of Yoga program in New York, NY on 21st June. On yet one more prestigious notice, Daaji will handle senior officers and staff at the World Bank Headquarters in Washington, D.C. on 24th June.

    In addition to these honors, a string of different vital occasions is slated whereby Daaji has been invited to take part in vital international occasions, reflecting the worldwide recognition of his management in the area of meditation and his efforts to promote peace and well-being worldwide.

    Proclamation in Atlanta

    On June third, the Government of Georgia will difficulty a proclamation in Atlanta, acknowledging the influence of Heartfulness and Daaji’s work in fostering psychological and non secular well-being throughout the state and past. This occasion will spotlight the vital function that Heartfulness practices play in enhancing the high quality of life for people and communities.

    Proclamation in California

    On June eighth, the Government of California will difficulty a proclamation acknowledging and felicitating Daaji furthering the significance of Heartfulness meditation in selling peace, steadiness, and holistic well being and honoring Daaji’s contribution to this non secular trigger.

    Event at the United Nations International Day of Yoga
    This prestigious occasion brings collectively international leaders, yoga practitioners, and wellness consultants to rejoice the profound influence of yoga on bodily, psychological, and non secular well being. Daaji will share insights on the integration of Heartfulness meditation with yoga practices to improve internal peace and well-being.

    Event at the World Bank Headquarters
    This occasion is an element of the World Bank’s initiative to promote holistic well being and wellness amongst its workers. Daaji will talk about the function of Heartfulness meditation in selling holistic wellness to enhance the high quality of life globally, which additionally aligns with the imaginative and prescient of the World Bank.

    Additionally, Daaji will conduct transformative experiential Heartfulness meditation periods at numerous areas in the USA.

    Event at Ambaji Shakti Mandir

    On June 1st and 2nd at the Ambaji Shakti Mandir in Atlanta, Daaji will conduct three meditation periods. This extremely anticipated occasion will introduce 1000’s of seekers to the profound apply of Heartfulness meditation. Participants can have the distinctive alternative to expertise the calming and transformative advantages of Heartfulness meditation firsthand. For particulars and registration: 

    In dialog with Rev. Richard Burdick

    On June fifth, Daaji will have interaction in dialog with Rev. Richard Burdick on his revolutionary ebook “Spiritual Anatomy” at Unity Church, North Atlanta, and this shall be adopted by a transformative meditation session with yogic Transmission. For particulars and registration: 

    18th Annual Convention of American Telugu Association

    On June ninth, the American Telugu Association (ATA) at its 18th Annual Convention at the Georgia World Congress Center (GWCC) will honor Daaji and as half of this conference, there will even be a particular interview of Daaji with the famend American TV journalist Kiran Carrie Chetry. For particulars and registration: 

     


    Mansi Praharaj

  • Samsung’s new chip head aims to regain Global Market Leadership

    vice chairman Samsung

    In a significant development, Samsung’s newly appointed semiconductor chief, Jun Young-Hyun, has pledged to restore the company’s leadership in the global chip market. This commitment comes at a time when the industry is undergoing a significant transition, driven by the rise of artificial intelligence (AI). We are at the centre of the AI era and facing an unprecedented future, Jun stated in his inaugural letter on the company’s internal bulletin. He acknowledged the challenges that lie ahead but also emphasized the potential opportunities.

    Jun’s appointment as the head of Samsung’s semiconductor division is part of the company’s strategy to revitalise its struggling chip sector. This move comes in the wake of Samsung Electronics posting an annual loss of 15 trillion won ($11 billion) last year due to declining demand for IT products. Despite the financial setback, the company hesitated to cut memory production, which further exacerbated the financial loss.

    In addition to the financial challenges, Samsung also lost its leadership in the high-bandwidth memory (HBM) market, a crucial segment in the expanding AI sector. SK hynix now leads the HBM market with a 53 per cent share, compared with Samsung’s 38 per cent. This shift in market leadership underscores the competitive landscape of the semiconductor industry and the need for Samsung to innovate and regain its position.

    Samsung company

    Samsung ElectroncisReuters

    Facing Internal Challenges and Market Competition

    Adding to the company’s woes, Samsung’s unionised workers announced plans to go on a strike in protest against stalled wage negotiations with the management. This development further underscores the internal challenges the company is facing. Despite these challenges, Jun expressed confidence in overcoming them. As an executive, I feel a heavy responsibility for the current situation, he said. I will analyse the circumstances with renewed determination and find ways to overcome these difficulties.

    Jun, who joined Samsung Electronics in 2000, has extensive experience in the semiconductor and battery sectors. He has led the development of DRAM and NAND flash memories in the chip division and took over Samsung SDI Co. in 2017. Under his leadership, the battery maker shifted to the black in 2020 and became a major player in the global market.

    In a similar vein, Samsung Electronics is ramping up the mass production of its latest 12-layer HBM3E products within the second quarter to keep up with the booming demand for generative AI. This move is indicative of the company’s strategic efforts to regain its footing in the AI-driven chip market.

    Historical Challenges and Future Opportunities

    The challenges faced by Samsung are not unique. The semiconductor industry has historically been cyclical, with periods of high demand followed by oversupply and price drops. Companies like Intel and AMD have also faced similar challenges in the past. However, the rise of AI and the increasing demand for high-bandwidth memory present a unique opportunity for Samsung to regain its leadership position.

    Under Jun Young-hyun’s leadership, Samsung is poised to navigate the challenges of the AI-driven chip market. Leveraging the company’s extensive experience in the memory chip industry and exploring untapped potential, Samsung aims to regain its leadership position in the global chip market.

    In conclusion, the journey ahead for Samsung is fraught with challenges, but with strategic planning and execution, the company is determined to turn these challenges into opportunities. The commitment of its new semiconductor chief, Jun Young-hyun, to restore the company’s leadership in the global chip market, particularly focusing on opportunities in the AI era, is a testament to this determination.

  • RBI sees India as an emerging global hub for chips, electronics manufacturing

    Reserve Bank Of India

    IANS

    India’s emerging sectors like renewable power and semiconductors are anticipated to make fast advances on the again of the current initiatives by the federal government, in keeping with the RBI’s annual report launched on Thursday.

    The interim Union Budget 2024-25, with an allocation of ₹6,903 crore for semiconductor and show fabs, would contribute to creating India a global hub for chip and electronics manufacturing, the report states.

    Investments beneath the production-linked incentive (PLI) scheme are prone to acquire additional momentum going ahead. These elements are anticipated to create new employment alternatives, enhance labour incomes and strengthen home demand. Taking into consideration these elements, actual GDP progress for 2024-25 is projected at 7.0 per cent, the report states.

    Reserve Bank of India

    REUTERS/Vivek Prakash/Files

    The passage of ‘The Anusandhan National Research Foundation Bill, 2023’, has paved the best way for establishing the Anusandhan National Research Foundation (NRF), which would supply a lift to analysis and innovation in primary science, healthcare, and humanities.

    Furthermore, the National Quantum Mission (NQM), accredited at a complete value of round ₹6,000 crore (2023-24 to 2030-31), would scale up scientific and industrial analysis and improvement (R&D) and modern ecosystem in quantum know-how (QT). It would propel nationwide priorities like Digital India, Make in India, Skill India and Stand-up India, Start-up India, Self-reliant India and Sustainable Development Goals (SDGs).

    RBI

    All these initiatives, together with government-led funding within the infrastructure sector and growing adoption of digital applied sciences, are prone to increase productiveness and potential progress within the medium time period, the report states.

    (With inputs from IANS)

  • SAPPE names K-Pop band SEVENTEEN its First Global Brand Ambassador for Mogu Mogu

    Capturing hearts of Gen Z worldwide!

    MOGU MOGU

     

    BANGKOK, May 30, 2024  – Sappe PCL or SAPPE has formally named the world’s main Okay-Pop boy band SEVENTEEN, high of the record of Okay-Pop boy group model worth rating, as its First Global Brand Ambassador for flagship fruit drink Mogu Mogu. As a part of the function, the 13 members of SEVENTEEN would be the representatives of ‘Fun’ and ‘Lively’ for SAPPE’s fruit juice with coconut jelly Mogu Mogu, the favourite drink in a number of nations, with its “Sip Chew Feel Mogu Mogu” marketing campaign. This displays the sturdy international success of SAPPE, which presently exports drinks to round 100 nations worldwide.

    SAPPE CEO Ms Piyajit Ruckariyapong stated “Mogu Mogu has obtained a really heat welcome in international markets, and due to its distinction and uniqueness we’re the world’s first beverage maker to have launched a drink mixing huge items of coconut jelly, a ‘Snack Drink’, to the market in 2001. Until now, greater than 30 billion bottles of Mogu Mogu have been distributed to shoppers worldwide whereas at Sappe we’ve been busy advertising and increasing gross sales channels to succeed in our shoppers globally.”

    SAPPE made one other vital stride towards changing into a ‘Global Brand’ when it was capable of obtain steady progress within the international market, receiving vast acceptance amongst prospects with its modern methods just like the ‘France First’ mannequin in Europe and the ‘Korea First’ in Asia by its Global Influencer Marketing technique and the product tie-in in Okay-Dramas on Netflix. These initiatives have created viral tendencies on the regional and international ranges, positioning South Korea and France because the “Main Influencers” of their respective areas.

    To strengthen Mogu Mogu’s international presence, SAPPE will introduce the “Sip Chew Feel Mogu Mogu” marketing campaign this 12 months as its first international model marketing campaign. The marketing campaign will kick off in South Korea and France, that are the “Key Countries” and the vital “Trend Setters”, to extend its Brand Engagement with the purchasers in each nations by the product and SEVENTEEN, its Global Brand Ambassador with prevailing recognition throughout the globe.

    The firm additionally performed a Brand Health Check with Milieu Insight, a widely known market analysis and information analytics firm, to determine shopper wants and interact them in serving to develop advertising technique on the international marketing campaign degree. In addition, SAPPE has invited DDB Worldwide Communication Group LLC, the worldwide advertising company and Omnicom Group affiliate, to assist create related methods and perform actions all through the marketing campaign. This venture is taken into account a serious partnership of the world-class groups.

    The SAPPE CEO added that with their iconic vitality and positivity, SEVENTEEN will be part of arms with Mogu Mogu to succeed in out to the worldwide viewers and unfold the ‘enjoyable’ and the ‘liveliness’ the model represents. Propelled by the Okay-pop group’s recognition, Mogu Mogu hopes to additional enhance model engagement, construct a novel narrative, and increase its market.

    The “Sip Chew Feel Mogu Mogu” marketing campaign is the corporate’s biggest-ever marketing campaign at a worldwide degree. All the members of SEVENTEEN will characterize Mogu Mogu in speaking with its public worldwide by TVC and quite a few advertising instruments. Further types of enjoyable will likely be organized for the followers, equivalent to particular presents from Mogu Mogu, Mogu Mogu Special Pack Limited Edition. SAPPE expects that every one actions within the marketing campaign will assist enhance model engagement by 25%.

    “With all this, we intend to create happiness and enjoyable for the followers of Mogu Mogu and SEVENTEEN around the globe. It is a major starting in constructing Mogu Mogu right into a beloved model at a worldwide degree to any extent further”.


    Rekha Nair

  • Sensex falls 667 points on mixed global cues, Nifty drops to 22,704

    sensex

    SensexIANS

    The Sensex was down 667 points or 0.89 per cent at 74,502, whereas the Nifty closed at 22,704, down 183 points or 0.80 per cent. The fairness benchmarks in India closed in deep purple on Wednesday due to revenue reserving by buyers and mixed global cues – marking a decline for 3 consecutive days thus far this week.

    Banking index Nifty Bank additionally declined by greater than 1 per cent to shut at 48,501, down 640 points or 1.30 per cent. The midcap and smallcap shares carried out higher in contrast to the largecaps in the course of the session on Wednesday.

    sensex

    The Nifty Midcap 100 index closed at 52,125 points, down 169 points or 0.32 per cent. However, the Nifty Smallcap 100 index elevated by 10 points or 0.06 % to shut at 16,886 points.

    Sector-wise, pharma and metallic shares had been the most important gainers, whereas auto, IT, PSU financial institution, FMCG, and realty had been the most important losers.

    The India volatility index (India VIX) closed at 24.17 points on a day when 24 out of 30 Sensex shares closed within the purple. Tech Mahindra, ICICI Bank, Bajaj Finserv, HDFC Bank, ExtremelyTech Cement, and Axis Bank had been the highest losers, whereas Power Grid, Sun Pharma, Nestle, ITC, and IndusInd Bank had been the highest gainers on Wednesday.

    Rupak De, Senior Technical Analyst at LKP Securities, mentioned: “The Bank Nifty index has demonstrated a transparent shift in sentiment by opening under its assist stage at 49,000 and buying and selling beneath it. It closed close to its 21-day EMA at 48,400. If Bank Nifty fails to keep above the 21-day EMA, additional promoting stress might drive it down to 48,000.”

    “Consequently, 48,400 now serves because the assist stage for Bank Nifty, with 49,000 appearing as the brand new resistance stage,” De added. 

    (With inputs from IANS)