Tag: global

Sensex down by 845 points on global headwinds, general elections’ mood

Stock Market Down, Bear Market, Bearish, Sensex DownIANS

BSE Sensex is buying and selling down by greater than 845 points because the markets face headwinds from global elements and the mood in general elections, in addition to the Iran-Israel battle.

Sensex was buying and selling at 73,299.78 points, down by 845.12 points on the time of markets closure on Monday. Hindustan Unilever, Tata Motors, ICICI Bank, Tech Mahindra, SBI, and Wipro are down greater than 1 per cent in commerce.

Overall, the market breadth is extraordinarily unfavourable on Monday with greater than 74 per cent of the shares declining. Only 22 per cent of the shares are advancing. As many as 2,924 shares are declining whereas solely 886 are advancing.

While the Sensex is down greater than 845 points, the extent of the autumn within the broader markets is way extra accentuated because the advance-decline ratio suggests.

While the benchmark Sensex is down 0.7 per cent, the BSE IPO index is down sharply by 1.77 per cent. Similarly, the monetary providers index is down 1.2 per cent, the IT index is down 1.3 per cent, Services index is down 1.6 per cent.

Selling strain on mid-caps

There is promoting strain within the mid-caps shares with the BSE Small Cap Select Index down 1.2 per cent. Among the highest losers on Monday, IFCI is down greater than 6 per cent, NBCC is down greater than 4 per cent, Castrol is down greater than 4 per cent, and Hindustan Zinc is down 4 per cent.

Among the Sensex shares, Tech Mahindra is down 2 per cent, and ICICI Bank is down nearly 2 per cent. IT and financials are buying and selling weak on Monday.

V Okay Vijayakumar, Chief Investment Strategist, Geojit Financial Services, stated that there are numerous headwinds that may weigh on markets on Monday together with the renewed battle within the Middle East, proposed adjustments within the India-Mauritius tax treaty and the hotter-than-expected US inflation.

“Partly these negatives are within the value since a retaliation from Iran was anticipated and the upper US inflation was discounted by the market on Friday. Signals from the crude market point out that the Iran-Israel battle is unlikely to escalate,” he stated.

People stroll previous the Bombay Stock Exchange (BSE) constructing in Mumbai,IANS

Investors need to be guarded because the factor of uncertainty is excessive throughout a tense scenario like this, he added.

IT shares shall be resilient on the again of better-than-expected numbers from TCS and a promising outlook for FY 25. Banking shares will exhibit power because the outcomes shall be good and valuations are honest, he stated.

Devarsh Vakil – Deputy Head of Retail Research, HDFC Securities, stated the Israel-Iran battle, home and global financial macroeconomic information, crude oil costs, January-March quarter outcomes for FY24, general elections 2024, and global cues are more likely to hold traders on their toes and can information market route this week.

(With inputs from IANS)

April 15, 2024

Garware Hi-Tech Films Limited Maintains Profitability Despite Global Challenges

Garware Hi-Tech Films Limited (GHFL) (BOM: 500655 | NSE: GRWRHITECH), a worldwide supplier of specialty polyester movies, introduced outcomes for the second quarter and half 12 months ended on September 30, 2022.

Highlights:

Consolidated Q2FY23:

Revenue up by 16.2% at Rs. 395 crores visa-vis Rs. 340 crores in Q2FY22
EBIDTA up by 10.1% at Rs. 76 crores visa-vis Rs. 69 crores in Q2FY22
PAT up by 11.1% at Rs. 48 crores visa-vis Rs. 43 crores in Q2FY22

Consolidated H1FY23:

Revenue up by 18.5% at Rs. 765 crores visa-vis Rs. 645 crores in H1FY22
EBIDTA up by 8.7% at Rs. 147 crores visa-vis Rs. 135 crores in H1FY22
PAT up by 17.1% at Rs. 93 crores visa-vis Rs. 79 crores in H1FY22

Commenting on the outcomes Shri S. B. Garware, Chairperson and Managing Director stated, “It has been a gentle quarter and half 12 months for GHFL, regardless of world challenges, as now we have been capable of finding a steadiness to extend our profitability in addition to make investments that can contribute incrementally to GHFLs high line. These measures will finally take the corporate to a distinct segment place within the specialty movies market in all of the geographies the place now we have a presence.”

Speaking in regards to the outlook for the 12 months forward, Ms. Monika Garware, Vice-Chairperson, and Joint Managing Director stated, “Keeping in thoughts the strong demand within the specialty movie area in 2023 and past, the continuing manufacturing line enlargement will assist us cater to the elevated demand from the auto in addition to architectural segments, together with an elevated focus and efforts in gross sales community enlargement and advertising and marketing actions.”

Consolidated Financial Summary:

Rs. in Crores

Particulars	Quarter Ended			Half Year Ended			Year Ended
Particulars	Q2FY23	Q2FY22	Change	H1FY23	H1FY22	Change	FY22
Revenue	395	340	16.2%	765	645	18.5%	1303
EBITDA	76	69	10.1%	147	135	8.7%	277
PAT	48	43	11.1%	93	79	17.1%	167

Garware Hi-Tech Films Limited (GHFL)

Garware Hi-Tech Films Limited (previously Garware Polyester Ltd.) (BOM: 500655 | NSE: GRWRHITECH) is the flagship firm of the Garware Group co-promoted by the Chairman and Managing Director Shri S.B. Garware within the 12 months 1957 together with the Founder-Chairman Late Padmabhushan Dr. B. D. Garware.

GHFL manufactures Hi-Tech specialty efficiency polyester Films and has State-of-the-Art manufacturing services in Aurangabad, Maharashtra, India. GHFL is the pioneer and is likely one of the largest exporters of Polyester Films in India. GHFL has been the winner of high exporters’ awards for 33 steady years from PLEXCOUNCIL.

GHFL manufacturing facility at Aurangabad is vertically built-in, from the manufacture of polyester chips to the polyester movie completed product with 4 unbiased manufacturing strains and a enterprise that spans the globe. Polyester Films are used for a wide range of functions comparable to PET Shrink movies for Label functions, Low Oligomer PET movies for insulation of hermetically sealed compressors motors, Electric motor insulation, and cable insulation, sequin functions movies, TV and LCD display utility, Packaging functions, and so on. GHFL can be the market chief and India’s solely producer of Sun Control window movies for Building, security, and auto functions.

GHFL has services for manufacturing numerous sorts of Sun Control Films that are used for Architectural and Automotive functions. The firm has additionally developed surface-protection and Paint Protection Films designed to ship the very best stage of safety and impression resistance which has functions in lots of sectors.

April 13, 2024

Garware Hi-Tech Films Limited Maintains Profitability Despite Global Challenges

Garware Hi-Tech Films Limited (GHFL) (BOM: 500655 | NSE: GRWRHITECH), a world supplier of specialty polyester movies, introduced outcomes for the second quarter and half yr ended on September 30, 2022.

Highlights:

Consolidated Q2FY23:

Revenue up by 16.2% at Rs. 395 crores visa-vis Rs. 340 crores in Q2FY22
EBIDTA up by 10.1% at Rs. 76 crores visa-vis Rs. 69 crores in Q2FY22
PAT up by 11.1% at Rs. 48 crores visa-vis Rs. 43 crores in Q2FY22

Consolidated H1FY23:

Revenue up by 18.5% at Rs. 765 crores visa-vis Rs. 645 crores in H1FY22
EBIDTA up by 8.7% at Rs. 147 crores visa-vis Rs. 135 crores in H1FY22
PAT up by 17.1% at Rs. 93 crores visa-vis Rs. 79 crores in H1FY22

Commenting on the outcomes Shri S. B. Garware, Chairperson and Managing Director mentioned, “It has been a gradual quarter and half yr for GHFL, regardless of international challenges, as we’ve got been capable of finding a steadiness to extend our profitability in addition to make investments that may contribute incrementally to GHFLs high line. These measures will ultimately take the corporate to a distinct segment place within the specialty movies market in all of the geographies the place we’ve got a presence.”

Speaking in regards to the outlook for the yr forward, Ms. Monika Garware, Vice-Chairperson, and Joint Managing Director mentioned, “Keeping in thoughts the sturdy demand within the specialty movie house in 2023 and past, the continued manufacturing line growth will assist us cater to the elevated demand from the auto in addition to architectural segments, together with an elevated focus and efforts in gross sales community growth and advertising actions.”

Consolidated Financial Summary:

Rs. in Crores

Particulars	Quarter Ended			Half Year Ended			Year Ended
Particulars	Q2FY23	Q2FY22	Change	H1FY23	H1FY22	Change	FY22
Revenue	395	340	16.2%	765	645	18.5%	1303
EBITDA	76	69	10.1%	147	135	8.7%	277
PAT	48	43	11.1%	93	79	17.1%	167

Garware Hi-Tech Films Limited (GHFL)

Garware Hi-Tech Films Limited (previously Garware Polyester Ltd.) (BOM: 500655 | NSE: GRWRHITECH) is the flagship firm of the Garware Group co-promoted by the Chairman and Managing Director Shri S.B. Garware within the yr 1957 together with the Founder-Chairman Late Padmabhushan Dr. B. D. Garware.

GHFL manufactures Hi-Tech specialty efficiency polyester Films and has State-of-the-Art manufacturing services in Aurangabad, Maharashtra, India. GHFL is the pioneer and is among the largest exporters of Polyester Films in India. GHFL has been the winner of high exporters’ awards for 33 steady years from PLEXCOUNCIL.

GHFL manufacturing facility at Aurangabad is vertically built-in, from the manufacture of polyester chips to the polyester movie completed product with 4 impartial manufacturing traces and a enterprise that spans the globe. Polyester Films are used for quite a lot of purposes corresponding to PET Shrink movies for Label purposes, Low Oligomer PET movies for insulation of hermetically sealed compressors motors, Electric motor insulation, and cable insulation, sequin purposes movies, TV and LCD display screen software, Packaging purposes, and so forth. GHFL can be the market chief and India’s solely producer of Sun Control window movies for Building, security, and auto purposes.

GHFL has services for manufacturing numerous sorts of Sun Control Films that are used for Architectural and Automotive purposes. The firm has additionally developed surface-protection and Paint Protection Films designed to ship the best degree of safety and impression resistance which has purposes in lots of sectors.

April 13, 2024

Singapore named Asia’s smartest city, Zurich leads global chart

One of probably the most outstanding centres for banking and finance the world over, the Swiss metropolis of Zurich has been named because the smartest metropolis within the 2024 Smart City Index by Swiss enterprise faculty Institute for Management Development (IMD). Singapore, positioned fifth globally, is Asia’s highest ranked metropolis.

The Marina Bay, an upscale space of skyscrapers, posh resorts and luxurious malls in Singapore. Photo courtesy: Unsplash

The city-state moved two spots in 2024 after sustaining its seventh place in 2020, 2021, and 2023.

The others within the high 5 comprise Oslo in Norway, Australia’s Canberra, and fellow Swiss metropolis Geneva, within the respective order.

What was the methodology used within the rankings?

As per the IMD web site, 142 cities had been accessed primarily based on 5 key areas: Health and security, Mobility, Activities, Opportunities, and Governance.

IMD captured the perceptions of 120 residents in every metropolis in the course of the exercise. “The ultimate rating for every metropolis is computed by utilizing the perceptions of the final three years of the survey, with the burden of three:2:1 for 2024:2023:2021,” the website read.

Zurich in Switzerland is a outstanding banking and finance centre. Photo courtesy: Unsplash

“There are two pillars for which perceptions from residents are solicited: the Structures pillar, referring to the prevailing infrastructure of the cities, and the Technology pillar, describing the technological provisions and providers accessible to the inhabitants,” it added.

Further, the cities had been distributed into 4 teams primarily based on the Global Data Lab’s Human Development Index (HDI) rating of the town they’re a part of. “Within every HDI group, cities are assigned a ‘ranking scale’ (AAA to D) primarily based on the perceptions-score of a given metropolis in comparison with the scores of all different cities inside the identical group. For group 1 (highest HDI quartile), scale AAA–AA–A–BBB– BB. For group 2 (second HDI quartile), scale A–BBB– BB–B– CCC. For group 3 (third HDI quartile), scale BB–B– CCC–CC–C. For group 4 (lowest HDI quartile), scale CCC–CC–C–D,” the institute mentioned.

No US cities in high 20

European and Asian international locations dominated the general chart and likewise the record for high 20 cities. No cities from the United States of America, nevertheless, featured within the first 20 smartest cities record.

As per Bruno Lanvin, president of IMD’s Smart City Observatory, the upcoming elections is the US is more likely to have made residents extra crucial of what must be improved, affecting the rankings.

Copenhagen in Denmark (sixth), Lausanne in Switzerland (seventh), UK capital London (eighth), Finnish capital Helsinki (ninth) and Abu Dhabi within the UAE make the highest 10 record.

The iconic Tower Bridge is likely one of the a number of vacationer points of interest in London, deemed the eighth smartest metropolis on this planet. Photo courtesy: Unsplash

Apart from Singapore, different Asian nation within the high 20 are: Beijing, China (thirteenth), Taipei City, Taiwan (sixteenth), Seoul, South Korea (seventeenth), Shanghai, China (nineteenth) and Hong Kong (twentieth).

Delhi smarter than Mumbai, Bangalore

Only 4 Indian cities characteristic within the coveted record. However, not one of the cities are positioned inside the high 100. India’s capital metropolis New Delhi (106th) has been deemed extra sensible than Financial Capital Mumbai (107th) and Tech Capital Bangalore (109th). Hyderabad (111th) is the fourth Indian metropolis named within the record.

Chandni Chowk, Delhi. Photo courtesy: Unsplash

China has most sensible cities amongst Asian international locations

As per IMD, 28 Asian cities have made it to the record. About 35 p.c of these cities belong to China. Ten Chinese cities discovered itself enlisted. Apart from capital Beijing, and Shanghai, Tianjin (54th), Zhuhai (58th), Shenzhen (sixtieth), Nanjing (62nd), Hangzhou (sixty fourth), Guangzhou (sixty fifth), Chongqing (82nd) and Chengdu (93rd) additionally characteristic within the record.

Chinese capital metropolis Beijing. Photo courtesy: Unsplash

Which are the opposite Asian cities?

Busan, South Korea (forty fifth), Kuala Lumpur, Malaysia (73rd), Bangkok, Thailand (84th), Tokyo, Japan (86th), Osaka, Japan (ninety fifth), Hanoi, Vietnam (97th), Jakarta, Indonesia (103rd), Ho Chi Minh City, Vietnam (one hundred and fifth), Makassar, Indonesia (a hundred and fifteenth), Manila, Philippines (121st).

April 13, 2024
U.S. expansion helps fuel Horváth gains in profits, global market share

ATLANTA, Ga., April 11, 2024 – Horváth, a number one global administration consulting firm, as we speak introduced a big milestone in its newest monetary yr (April 1, 2023 to March 31, 2024) by exceeding 300 million euros ($322 million) in gross sales for the primary time. Along with continued development of over 13%, this pattern outperformed the market and follows a exceptional 23% development for Horváth in the post-pandemic earlier yr.

Continued expansion into worldwide markets, together with the United States and North America, performed a pivotal function in driving development alongside rising operations in the European Union, Central Europe, the United Arab Emirates and different areas in the Middle East. This worldwide push underscores Horváth’s strategic resolution to faucet into new markets and meet the rising demand for transformation providers from global firms.

“Our expansion into the U.S. and North America, significantly in our core choices round ERP transformation, threat administration and efficiency administration, serves as a testomony to our dedication to assembly the evolving wants of our shoppers globally,” mentioned Tony Klimas, president of Horváth USA. “This strategic resolution fuels not solely our development but in addition our capacity to ship sustainable worth and transformative options to our shoppers anyplace in the world.”

The firm’s bold plans for the upcoming monetary yr (2024/2025) additionally mirror its confidence in sustained double-digit development, fueled by its strengthened administration group. The addition of 5 new companions, hailing from Germany, Hungary, Romania, and the Middle East, additional bolsters Horváth’s global presence and helps continued development regardless of the robust financial headwinds confronted by all.

“The proven fact that we’ve grown by a complete of 40 p.c in the Group over the previous two years, which is effectively above the business common, is due not solely to the distinctive dedication of our extremely motivated groups every day, however above all to our extremely sought-after transformation experience and our robust implementation expertise. Our development can also be being pushed by our more and more worldwide enterprise,” mentioned Helmut Ahr, CEO of Horváth. “The large stress for change in all industries and the related want for transformation in our shoppers’ enterprise fashions is bigger than ever earlier than — and it’ll proceed.”

The newly elected companions carry a broad set of expertise, experiences and backgrounds to the desk, reflecting Horváth’s dedication to range and innovation. Notably, they may present experience in digital transformation and using synthetic intelligence (AI) which underscores the corporate’s deal with staying on the forefront of business tendencies and applied sciences.

Further, Maria Boldor, Matthias Emler, Saad Hamam, Vera Koltai, and Tobias Steinhauser, the newly appointed companions, every carry distinctive experience in areas corresponding to transformation initiatives, knowledge science, technique, HR, and procurement, additional enriching Horváth’s capabilities.

Horváth USA additionally just lately introduced the promotion of Nikolas Spatz to senior challenge supervisor. Spatz will lead U.S. efforts round income options and threat administration and play a key function in the rising U.S. enterprise.

Additionally, inside the final yr, Horváth introduced an expanded U.S. partnership settlement with software program supplier BlackLine, a number one global supplier of cloud software program that automates and controls monetary shut and different key accounting processes. The affiliation will additional mix Horváth’s deep data of SAP and Finance Transformation with BlackLine’s main software program and expertise, designated as a “Solution Extension” or SOLEX by SAP, to increase and enhance upon SAP’s award-winning ERP software program. Horvath additionally finalized a partnership settlement with software program supplier Archer Integrated Risk Management, whose imaginative and prescient, toolset and functionality is carefully aligned with Horvath’s imaginative and prescient round threat and efficiency administration.

Rekha Nair

April 11, 2024
TravClan and TravelgateX join forces to enhance global lnventor

New Delhi, eleventh April 2024: TravClan, a fast-growing B2B Travel Platform, has introduced its strategic partnership with TravelgateX, a number one B2B global market for the journey business. This strategic collaboration marks a major milestone in reshaping the connectivity panorama of the journey business and enhancing the general journey expertise for brokers and clients worldwide.

The partnership between TravClan and TravelgateX is rooted in a shared dedication to innovation, excellence, and superior service. By becoming a member of forces, TravClan positive aspects entry to TravelgateX‘s intensive community of lodge suppliers, enabling TravClan to broaden its stock and supply aggressive costs to its customers.

Since the launch of the lodge reserving platform, 1000’s of journey companions have switched to TravClan for its seamless pre-booking and post-booking experiences. The platform provides a number of options to its brokers to seamlessly search and share motels, with high beneficial motels, the place they get detailed opinions of every lodge and most significantly the belief of assured easy lodge check-in. Several such improvements have helped journey brokers promote extra motels and develop their enterprise.

Through the combination of TravelgateX‘s API into the TravClan platform, journey brokers can now seamlessly entry a wider vary of global stock and achieve worthwhile insights into market traits and efficiency metrics.

“We are thrilled to collaborate with TravClan to drive innovation and transformation within the journey business,” mentioned Fabián Núnez van Pinxteren, Business Development Director at TravelgateX. “TravClan‘s dedication to excellence and buyer satisfaction makes them an excellent associate for us. Together, we glance ahead to empowering their journey companions worldwide”

The partnership between TravClan and TravelgateX represents a major step ahead in advancing connectivity and enhancing the width of choices. By leveraging one another’s strengths and capabilities, each firms are poised to drive optimistic change and form the way forward for the journey business.

Chirag Agrawal, Co-founder of TravClan, expressed the importance of the partnership by stating, “We purpose to carry the most effective global stock to our journey companions at aggressive costs. We purpose to faucet right into a global community of suppliers, together with each global bedbanks and regional DMCs and mattress banks. We see TravelgateX as a long-term know-how associate, offering us with seamless API integration and entry to global suppliers worldwide.”

Mansi Praharaj

April 11, 2024
Fogmaker International Expands Global Reach through Subsidiary in Brazil

ninth April 2024: Fogmaker International AB, one of many main world suppliers of fireside suppression programs for machines and autos, is happy to announce the launch of Fogmaker Brazil LTDA.

This might be Fogmaker’s first subsidiary in South America and marks a major milestone in strengthening the corporate’s presence on this continent. The focus might be to fulfill the evolving wants of shoppers in the area, delivering superior, environmentally pleasant, and complete fireplace suppression options. Fogmaker works in eight completely different segments and the Brazilian department will initially deal with Busses, Forestry, Agriculture, Material Handling, and Mining.

Sustainability is essential to Fogmaker International AB and the corporate’s new suppressant Eco 1 is 100% PFAS Free and GreenScreenTM licensed on the silver stage. The system could be personalized to fulfill the completely different wants of assorted sectors, a flexibility that makes it good for the varied market of Brazil.

Fogmaker Brazil LTDA combines Swedish high quality with data of the realm and can drive additional progress on the South American continent. The firm is already on the lookout for extra distributors to have the ability to hold a excessive service stage to the huge nation and continent.

“We are thrilled about this new subsidiary and its expanded alternatives to Fogmaker International. It will enable us to strengthen our presence additional and higher serve our valued clients in the area. It is a major step in the direction of reaching our imaginative and prescient of making safer environments globally,” stated Lars Alrutz, CEO of Fogmaker International.

“The funding in Brazil comes after we acquired Siveb Oy in Finland a couple of months in the past. We are happy to see Fogmaker International’s strategic growth and powerful market positioning exemplified by the launch of Fogmaker Brazil LTDA, together with the thrilling alternatives it brings in a brand new market. We stay up for the continued success and progress of Fogmaker International,” says Lars Fredin, Group CEO of Dacke Industri and Chairman of Fogmaker International.

Rekha Nair

April 10, 2024
Aarka 2024 Ignites Innovation and Fun at KLH Global Business

Hyderabad 08th April 2024: KLH Global Business School, positioned at the Kondapur Campus, is well-known for its frequent group of worldwide week-long seminars, visitor lectures, workshops, and summits. These occasions are all devoted to the excellent growth of its college students. Consistent with its progressive mission, the college is happy to host Aarka 2024, a student-organized, two-day Management Fest. This extremely anticipated inter-college competition is anticipated to draw round 1000 college students from greater than 16 faculties, providing them a stage to exhibit their managerial prowess and athletic talents. The fest is ready to be an unforgettable celebration.

The inauguration of the fest by Mr. Bharadwaj Ok, Vice President & Branch Business Head of HDFC Bank Limited, Hyderabad, served as a supply of inspiration for the scholars. His engagement with the attendees went past easy dialogue, offering them with a potent motivational increase. Dr. G. Pardha Saradhi Varma, Vice Chancellor of KL Deemed to be University, remarked, “Aarka is greater than a contest; it’s a festivity of scholar potential. We encourage our college students to completely handle this occasion, thereby enhancing their management and collaborative expertise. Ranging from administration simulations to creative endeavors, this inter-college competition unites college students from totally different backgrounds, providing a venue for them to show their expertise and gas their aggressive spirit.”

The occasion’s agenda is impressively numerous, with quite a few actions designed to interact a wide selection of pursuits. Cultural occasions embrace a Meme Show by Meme Circus, a Dance Show by Dancing Feet, a Singing Show by Vocal Vibes, a Drama Show by The Dramatizers, a Ramp Walk by Eternal Grace, a Treasure Hunt by Clue Crew, a Painting Competition by Color Carnival, alongside DJ periods, Live Band performances, and the Mr. Aarka and Ms. Aarka contests, guaranteeing broad participation.

Participants may take pleasure in Managerial Events comparable to Talent Avengers hosted by Hr. Club, Brand Buddies by Marketing Club, Movie Marathon by Film Club, The Titans by Young Managers, and a Treasure Hunt competitors by Clue Crew. For these inclined in the direction of creativity, there are occasions like Doodling, Poster Making, Post Card Making, Product Photography. Additionally, the competition options distinctive sights like a pet present, a blood camp, and alternatives to satisfy well-known celebrities. The fest will conclude with an award distribution ceremony, marking a grand finish to this exceptional occasion. Aarka 2024 invitations you to dive right into a realm of innovation, creativity, and enjoyment.

Sharing the joy, T. Sri Harshitha, third yr BBA scholar mentioned, ‘Attending Aarka 2024 at KLH Global was an eye-opener for me. It was extra than simply displaying off our expertise; it was about studying, rising, and connecting with others. The vitality was wonderful, and working alongside college students from totally different faculties actually broadened my perspective. I gained a lot—new insights, worthwhile management expertise, and recollections to final a lifetime. It was an unforgettable journey that has really formed me.

Dr. Ramakrishna, Principal, KLH Aziz Nagar, Dr. Gajulapally Radha Krishna, Director of Academics at KLH Global Business School, together with Faculty Convenors Dr. P. Hima Jagathi and college members, ensured the graceful conduct of the occasion and its success.

April 8, 2024
Underdog Tech Award 2024 Celebrates Global Innovation, Egyptian Startups Shine

Egypt takes heart stage within the world tech area as two of its modern startups clinch prestigious honors on the Underdog Tech Award 2024. Award goals to champion tech entrepreneurs overcoming hurdles comparable to restricted assets, lack of entry to funding, and geographical isolation.

The award ceremony, held nearly, witnessed the triumph of visionaries who’re reshaping industries and communities regardless of the percentages stacked towards them. Egyptian startups have demonstrated distinctive prowess and imaginative and prescient. Among the winners are:

2nd Place ($20,000 Prize): Mohamed Tarek Mohamed Abdelzaher from Egypt with P-vita startup P-vita earns accolades for his or her groundbreaking method to sustainability, spearheading efforts in recycling palm waste to mitigate carbon footprints. Their dedication to environmental stewardship units a commendable commonplace for the trade.

In addition to the highest three winners, particular recognition and a $5,000 prize are awarded to:

Ashraf Bacheet for O7 Therapy (Egypt) – Celebrated for his or her impactful initiatives addressing psychological well being challenges, providing solace and steering to people throughout Egypt.

The world scope of the Underdog Tech Award is obvious within the numerous vary of winners, representing nations from internationally. Among the opposite deserving recipients are:

1st Place ($30,000 Prize): Elmira Safarova from Chile with Rarus Health startup Rarus Health shines as a beacon of hope, acknowledged for his or her unwavering dedication to helping households grappling with uncommon genetic ailments. Their modern options promise to revolutionize healthcare accessibility and empower communities.

third Place ($10,000 Prize): Saúl Paniagua-Lapenta from Bolivia with VAKA startup VAKA earns distinction for his or her pioneering platform bridging the hole between farmers and micro-investors, fostering financial empowerment and agricultural sustainability in Bolivia and past.

In addition to the highest three winners, particular recognition and a $5,000 prize are awarded to:

Victor Juarez for Tu Consejeria (Guatemala) – Acknowledged for his or her invaluable contribution to psychological well being assist, offering important providers to communities in want.

Ekaterina Smirnova, Project Head of the Underdog Tech Award, emphasised the importance of such initiatives for startups working outdoors main tech hubs. She said, “The Underdog Tech Award serves as a beacon of encouragement and validation for innovators navigating uncharted territories. By spotlighting their achievements, we hope to encourage a brand new wave of entrepreneurship and foster a extra inclusive tech ecosystem.”

The Underdog Tech Award reaffirms its dedication to nurturing expertise, offering winners with not solely monetary assist but additionally entry to trade experience and PR help. These initiatives intention to catalyze progress and empower underrepresented voices within the world tech panorama.

Neel Achary

April 7, 2024
A global summit uniting healthcare

sixth April’24, Kolkata: The Consortium of Accredited Healthcare Organizations (CAHO) proudly introduced the graduation of CAHOCON 2024, a prestigious worldwide conclave endorsed by esteemed establishments equivalent to ISQua, ASQua, and QCI in the present day, at a curtain raiser press briefing session at Biswa Bangla Convention Centre within the presence of Dr. Vijay Agarwal, President CAHO, Dr. Lallu Joseph, Secretary General, CAHO Assoc. GS & Quality Manager, CMC Vellore, Mr. Rupak Barua, Adviser – Strategy & Planning, Manipal Health Enterprises Pvt Ltd , Dr. Sankar Sengupta, Medical Superintendent C.N.C.I (Autonomous Institute below MOHFW, GOI), Mr. Prashant Sharma, Managing Director – Charnock Hospital, Mr. Sombrata Roy, CEO, C Okay Birla Hospitals CMRI, Dr. Saumitra Bharadwaj, Group President & CMO Medica Hospitals Pvt Ltd and different eminent personalities from healthcare fraternity. Set to happen on sixth and seventh April on the iconic Biswa Bangla Convention Centre, this occasion guarantees to be a pivotal second within the global healthcare panorama.

Themed “Making Healthcare Efficient, Effective, Economical & Equitable”, CAHOCON 2024 goals to collect world-class healthcare leaders, professionals, researchers, and educators below one roof to dwell upon enhancing healthcare by way of invigorating talks, new analysis insights, exploring options to urgent points and remodeling healthcare for the bigger advantage of all involved.

The inauguration ceremony might be held on sixth April’24 at 12 PM within the presence of Special Chief Guest – Dr. C. V. Ananda Bose, Hon’ble Governor, West Bengal, and Chief Guest – Shri S. Somananth, Chairman, ISRO. The inaugural ceremony and tackle might be adopted by participating panel discussions led by distinguished medical specialists. Among them are Dr. Alexander Thomas, Founder-President of AHPI & CAHO; Dr. Kunal Sarkar, Senior Vice Chairman & Senior Consultant of the division of Cardiac Surgery, Medica Institute of Cardiac Sciences (MICS); Dr. Sanjeev Okay Singh, Medical Director at AIMS, Delhi-NCR; Dr. Girdhar Gyani, Patron of CAHO and Director General of AHPI; Dr. Atul Mohan Kochhar, Chief Executive Officer of the National Accreditation Board for Hospitals & Healthcare Providers (NABH); Mr. Som Mittal, Chairperson of Patients for Patient Safety Foundation (PFPSF) and former President & Chairman of NASSCOM; and Dr. Vasundhra Atre, Associate Director of Medical Services at Manipal Hospital, Bengaluru, and others.

Ahead of the principle occasion, attendees are taking part in 12 insightful pre-conference workshops in the present day, hosted at varied hospitals throughout Kolkata. Additionally, the CAHO Diagnostics & Labs Conference (CAHOLABCON) is happening in the present day on the Biswa Bangla Auditorium, offering a platform for in-depth discussions on the newest developments in diagnostics and laboratory practices.

Expecting over 2000 delegates from across the globe, CAHOCON 2024 will supply a dynamic program stuffed with incisive panel discussions, thought-provoking debates, modern poster shows, and prestigious awards. A spotlight of the occasion would be the thrilling reside Quiz Competition, designed to interact individuals and take a look at their data within the discipline of healthcare. The Mega Industry Expo, operating alongside the summit, will showcase cutting-edge expertise and merchandise, fostering significant networking alternatives and strategic alliances inside the trade.

Kolkata, with its wealthy cultural tapestry and strong healthcare ecosystem, serves as the right backdrop for CAHOCON 2024. This summit is extra than simply an occasion; it’s an expertise – a crucible for studying, partnership, and private evolution.

During the briefing session, Dr. Vijay Agarwal, President, CAHO, shared, “CAHOCON 2024 mirrors our purpose to enhance healthcare for everybody. CAHOCON 2024 is bringing collectively the brightest minds in healthcare to form the way forward for affected person care. Embracing the theme ‘Optimizing Healthcare: Efficient, Effective, Affordable, and Accessible’, we goal to pursue a mission to realize common entry to superior healthcare companies. We are dedicated to making a future the place cutting-edge innovation harmonizes with deep-rooted compassion, making certain that each particular person can afford the healthcare they require. Together within the upcoming two days, we’ll deliberate and innovate, forging the trail to a more healthy, extra equitable tomorrow.”

Dr. Lallu Joseph, Secretary General, CAHO Assoc. GS & Quality Manager, CMC Vellore, expressed, “We are delighted to host the eighth version of CAHOCON in Kolkata. This occasion is predicted to supply invaluable alternatives for healthcare administration professionals to be taught and develop with altering dynamics of the trade. Through the two-day lengthy workshops, plenaries and laboratory periods, attendees are set to accumulate in depth data, which may improve the standard of healthcare supply. The vital matters that might be mentioned might be past conventional medical faculty curriculum, addressing essential facets of affected person care administration. Panel discussions, debates will present a platform to discover modern options and greatest practices.”

Dr. Sankar Sengupta, Medical Superintendent C.N.C.I (Autonomous Institute below MOHFW, GOI), shared, “CAHOCON has firmly established itself as a distinguished model and it’s a nice honor for us to host this esteemed occasion in Kolkata. This yr’s theme, ‘Making Healthcare Efficient, Effective, Economical & Equitable,’ holds vital significance as we share our ideas on remodeling healthcare. Our endeavour to boost healthcare’s effectivity, effectiveness, affordability, and accessibility is not only a mission; it’s a pledge to take care of excellence, making certain each affected person receives highest high quality of care. It transcends mere therapy of diseases; it’s about selling wellness and empowering communities to flourish. We are wanting ahead to participating discussions and workshops that may assist us in reaching our targets.”

Mr. Rupak Barua, Adviser – Strategy & Planning Manipal Health Enterprises Pvt Ltd, acknowledged, “We take delight in internet hosting CAHOCON 2024 within the City of Joy. We stay up for intense discussions, ground-breaking concepts & innovationsas the following two days dwell upon current traits in healthcare and the best way ahead. With 90% of attendees coming from accredited hospitals, together with global affiliations with distinguished our bodies like ISQua and ASQua, CAHOCON 2024 guarantees to be a convergence of unparalleled insights and transformative concepts, shaping the way forward for healthcare.”

Sujata

April 6, 2024