Category Archives: Business

KSB Limited Sets Industry Benchmark with ISO- Certification for Excellence in Nuclear Safety Standards

Pune, Maharashtra, India KSB Limited, a pioneer in the manufacturing of critical application pumps for Nuclear power plants, has added a new feather to its cap. The Nuclear Projects Division of KSB Limited (Shirwal Plant) was recently credited with the distinguished ISO 19443:2018 certification.

Responding to this notable achievement, Mr. Nitin Patil, Vice President, Nuclear Business, KSB Limited said, “We are pleased to announce that KSB Limited is the first company in India in the pump industry to be accredited with ISO 19443:2018 certification. As the industry leader, and a trusted partner for nuclear power projects in India, we believe it is our responsibility to take continuous efforts in setting new industry standards. Adoption to new practices like this is a testament to our competence and commitment to excellence.”

Under this certification, KSB would cover the development, production, marketing, and servicing of pumps, auxiliary components, and systems in the nuclear field for products and systems classified as ITNS (Important to Nuclear Safety).

ISO 19443 is an international standard that defines the specific requirements of a quality management system for organizations supplying products and services important to nuclear safety (ITNS). It ensures robust quality management systems and the implementation of rigorous safety protocols.

“This certification is vital as it demonstrates our adherence to the highest standards of safety, reliability, and regulatory compliance, which are paramount in the nuclear power sector. The significance of ISO 19443 lies in its implementation to achieve proper operating conditions, prevent accidents, and mitigate accident consequences, resulting in the protection of workers, the public, and the environment from undue radiation risks, and enhancing the confidence of our clients and stakeholders in our processes and products,” he added.

MOGAS Awarded Contract to Support TC2C New Technology

Monday, July 2 Houston, United States : MOGAS Industries has been awarded a multimillion-dollar contract for the South Korean S-Oil Shaheen Project for the first-ever commercialization of TC2C™ (Thermal Crude to Chemicals) technology. The TC2C™ technology licensed by Lummus Technology converts whole crude and other refinery orphan streams into high value olefin and aromatic products, and includes one of the world’s largest steam crackers.

For over 50 years, MOGAS Industries has been the most trusted severe service technology company offering severe service valves, surface engineering / coating, modular process units, and aftermarket support. (Graphic: Business Wire)
For over 50 years, MOGAS Industries has been the most trusted severe service technology company offering severe service valves, surface engineering / coating, modular process units, and aftermarket support. (Graphic: Business Wire)

On the back of earlier project successes for ebullated bed hydrocracking with technology licensor Chevron Lummus Global (CLG), MOGAS will supply more than ninety 2-inch through 14-inch, ASME 300–2500 Class severe service valves and actuation packages, which include multiple fast-acting, metal-seated emergency shutdown valves.

“We are proud to be part of Aramco’s largest investment into South Korea and to be part of the first TC2C™ process plant. This investment will make a positive impact on the global marketplace with clean heavy crude upgrading that supports the green economy,” says MOGAS CEO Matt Mogas.

Recognized as a leader in severe service valves and service specifically in heavy oil applications for over 40 years, MOGAS provides a high level of confidence in both product and technical assistance, ensuring a smooth startup and operation. MOGAS has over 11,000 valves installed in more than 30 ebullated and slurry bed hydrocracking active operations world-wide.

Lodha Ranked Amongst India’s Best Companies to Work for

2nd July 2024 Mumbai, Maharashtra, India : Lodha, India’s largest real estate developer, has been recognised and awarded with two prestigious accolades in the Great Place to Work’s Best Workplaces™ Lists 2024. The company ranked 64th among ‘India’s Best Companies to Work For’ out of 2,000+ large companies and has been recognized as the ‘Best in the Real Estate Industry’. This achievement highlights Lodha’s strong commitment to its core values and its dedication to fostering an exceptional work environment. This distinguished accolade is granted to organisations with an unwavering dedication to cultivating an exceptional work environment.

The recognition comes considering Lodha’s recent outstanding performance in the Great Place To Work® survey, where the company secured an impressive 83% positive responses (scoring 4 or 5 on the 5-point scale) across five critical parameters: Credibility, Respect, Fairness, Pride, and Camaraderie.

This award highlights the company’s commitment to a clear business vision, strong leadership capabilities, a warm and caring workplace culture and organisation’s focus on talent building to support the growth, with diversity and inclusion being at the core.

These Great Place To Work® wins serve as a testament to Lodha’s ongoing commitment to fostering a workplace culture that prioritizes the well-being and satisfaction of its employees. The organization is honoured to be recognized as a Great Place To Work® and remains dedicated to maintaining this high standard.

From commitment to a congenial and secure workplace to the competence of management and transparent expectations, Lodha, being the pioneer in Real Estate industry, is poised to set industry standards that places paramount importance on the well-being and career growth of its employees. With continued efforts, Lodha is further committed to its Employee Value Proposition of ‘Build the Best, Be the Best’.

“This prestigious recognition is a clear testament to our strong, values-driven culture, which directly fuels our business success. A motivated and engaged workforce is crucial in achieving our goals and delivering exceptional value to our customers. By fostering a supportive and innovative workplace, we ensure that Lodha remains at the forefront of the real estate industry, driving sustainable growth and excellence.” Prashant Bindal, Chief Sales officer, Lodha.

“Being recognized as a Great Place to Work underscores our commitment to our employees’ well-being and professional growth. At Lodha, we believe that fostering a culture of trust, belongingness, respect, warmth and inclusivity not only enriches our employees’ work experience but also drives our collective success. Our people are our greatest asset, and this award is a testimony of the exceptional workplace culture we strive to further enhance every day.” Janhavi Sukhtankar, President – HR, Lodha.

MultiSafepay joins Ant International’s Antom to Enhance Digital Payments Services for SMEs in Europe

Tuesday 02nd July Amsterdam, Netherlands & Singapore : MultiSafepay (MSP), an Amsterdam-based payment service provider, and Antom global merchant payment services (Antom), a leading payment and digitization services provider under Ant International, announced today that MultiSafepay has become a wholly-owned subsidiary of Ant International and will integrate with Antom to promote convenient, secure and accessible payment solutions and digitalization services to businesses, especially small and medium-sized enterprises (SMEs) across Europe.

MultiSafepay now serves merchants with omnichannel payment services connecting over 40 international payment methods, including cards, e-wallets, Buy-Now, Pay-Laters, internet banking, and more. Antom currently supports merchants in over 40 markets with the flexibility to accept payments in more than 100 currencies. In addition to flexible, secure and reliable payment options, Antom brings a suite of marketing and digitalization services to empower local and regional businesses with more growth opportunities.

Through this strategic partnership, MultiSafepay will leverage Antom’s cutting edge technology and digital capabilities to further expand its product offerings and SME merchant coverage in the region.

Since 1999, MultiSafepay has been a pioneer simplifying payment for SME businesses. It provides world-class payment solutions to over 18,000 SMEs, empowering them to concentrate on their business while MSP optimizes payment success rates, payment handling and processing combined with a personal approach.

Olaf Geurs, CEO of MultiSafepay said, “The past 25 years have been an incredible journey. Together with our amazing team, we’ve bootstrapped MultiSafepay into a leading full-service PSP in Europe, overcoming countless obstacles along the way. The entrepreneurial spirit never sleeps, which is why we’re partnering with Antom to unlock even greater growth potential for MultiSafepay’s products and services, attracting even more businesses to our ecosystem.”

Gary Liu, General Manager of Antom Global said, “We are thrilled to join hands with MultiSafepay, a trusted industry innovator and our long-term partner. SMEs are the pillar of regional and global prosperity. With digital innovations, we look forward to building together more secure, flexible and efficient payment solutions with cross-sector partners, for small businesses to thrive in a truly inclusive and sustainable global commerce ecosystem.”

Veet Unveils BetterWayToWax Campaign with Triptii Dimri

New Delhi, Delhi, India 02nd july : Veet®, the leader~ in depilatory products, is set to enhance the waxing experience with Veet Wax Strips, providing consumers smooth and flawless skin at home. With new brand ambassador Triptii Dimri, the latest #BetterWayToWax campaign underscores Veet’s commitment to empowering women with confidence and offers them a superior method of hair removal.

Veet Cold Wax Strips’ cool gel wax technology ensures a comfortable and efficient hair removal experience, providing results that last up to 28 days*—surpassing salon wax results. The #BetterWayToWax campaign, now featuring Triptii Dimri, focuses on amplifying the message that Veet Wax Strips effectively remove even the shortest of hair^ that salon wax struggles with.

Actress and Campaign Brand Ambassador, Triptii Dimri said, “I am excited to be part of the Veet family and share their mission of empowering women to feel confident and beautiful every day. Veet is an iconic brand that resonates with women like me who are juggling numerous responsibilities and are looking for superior solutions to their grooming needs. Veet Wax Strips are the most effective way to achieve smooth skin instantly.”

Commenting on the campaign, Kanika Kalra, Regional Marketing Director, Health & Nutrition, Reckitt South Asia said, “At Reckitt, we are dedicated to innovating our product portfolio to meet the evolving needs of young Indian women who demand the best global beauty solutions. With its advanced cool gel wax technology, Veet Wax Strips offers the best possible self-grooming solution, providing consumers a superior experience that’s even better than salon waxing. Veet Wax Strips are truly the better way to wax, and the latest campaign reaffirms our dedication to excellence.”

Anupama Ramaswamy, Joint MD and Chief Creative Officer, Havas Worldwide India said, “Everyone is obsessed about how celebrities look flawless every day, and with Triptii becoming a national sensation, we decided to address this question straight-up with a friendly banter between two friends. Ultimately, Triptii reveals that the secret behind her flawless skin is Veet Wax Strips. Not only is it conveniently available for everyone, but it also gives better results than a salon, hence making it her go-to for flawless results.”

#TheBetterWayToWax is a 360-degree marketing campaign across digital and television that aims to highlight the superiority of Veet Wax Strips over traditional salon wax. By focusing on the unique benefits of Veet’s products, including the ability to remove the shortest hair and the convenience of at-home use, the brand seeks to inspire women to embrace their beauty routines with confidence.

The Veet wax strips are available in retail stores across India and on e-commerce websites at a starting price of INR 115^^ for Half Body Wax Strips (8 Strips).

Moody’s and MSCI Announce a Strategic Partnership to Enhance Transparency and Deliver Data-Driven Risk Solutions

New York, United States 02 july : MSCI Inc. (NYSE:MSCI) and Moody’s Corporation (NYSE:MCO) today announced a groundbreaking strategic partnership agreement, leveraging each other’s strengths to bring greater transparency on ESG and sustainability to markets and power better decisions.

Moody’s will leverage MSCI’s sustainability data and models, which are used by the world’s largest asset managers and asset owners. The agreement, entered into last week, includes MSCI’s industry-leading ESG ratings and content, which measure a company’s management of financially relevant ESG risks and opportunities. With access to MSCI data, Moody’s intends over time to migrate its existing ESG data and scores to offering MSCI’s sustainability content through a range of solutions serving Moody’s customers in the banking, insurance and corporate sectors.

MSCI will gain access to Moody’s Orbis database, the world’s leading source of firmographic information with data on more than 500 million entities, to extend its private company ESG coverage. In addition, MSCI and Moody’s will explore solutions that leverage Moody’s private company data and credit scoring models to provide greater insight into the private credit market.

“Moody’s is excited to partner with MSCI, a leader in solutions for the global investment community and a pioneer in ESG and sustainability,” said Rob Fauber, President and CEO of Moody’s. “This is a real win-win, as Moody’s customers gain access to MSCI’s renowned ESG content and MSCI customers will gain access to Moody’s world-class risk assessment expertise, data and insights.”

“We are exceptionally pleased to partner with Moody’s to offer MSCI’s ESG and sustainability data to Moody’s broad base of global customers,” said Henry A. Fernandez, Chairman and CEO of MSCI. “Sustainability remains one of the most important trends reshaping the global investment landscape, and the shift to private assets is another. This agreement will help MSCI expand our private company ESG coverage and deliver enhanced solutions across client segments and asset classes.”

The partnership does not impact Moody’s Ratings, the credit rating agency, which will continue to provide transparency into the material impacts of ESG factors on its credit ratings through its proprietary Credit Impact Scores and Issuer Profile Scores. Moody’s Ratings will also continue to offer its sustainable finance offerings, including Second Party Opinions and Net Zero Assessments. In addition, Moody’s remains committed to providing its market-leading climate solutions to customers.

Nicholas Cumins Takes Charge as CEO of Bentley Systems, Ushering in a New Era

2nd July, 24 Bentley Systems, Incorporated Bentley Systems, Incorporated Tuesday, July 2, ,Exton, Pa., United States: Following the CEO transition plan previously announced by Bentley Systems, Incorporated (Nasdaq: BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701144503/en/

Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development. The Bentley brothers redefined what was then computer-aided design (CAD) software when they developed MicroStation as a groundbreaking engineering application platform. Four decades of innovation and more than 120 acquisitions later, Bentley Systems is the leading provider of infrastructure engineering software, with its infrastructure digital twin solutions used to design, build, and operate critical infrastructure around the world.

The transition to Cumins’ leadership comes at a critical time for infrastructure sectors. There are not enough engineers to accomplish the work required to achieve global sustainability targets while also adapting aging infrastructure vulnerable to the effects of climate change.

Cumins unveiled Bentley’s vision for infrastructure resilience, noting that engineering firms and asset owner-operators are looking to software to help them overcome the limitations of scarce talent.

“Infrastructure is at a watershed moment. Despite the massive capital investment in infrastructure projects and jobs post pandemic, so much more remains to be done to make infrastructure more resilient. Our ability to bridge that gap will literally determine the quality of life for generations to come. Fortunately, a paradigm shift in software is reshaping the landscape. AI-powered digital twin solutions are unlocking the value of data across the infrastructure lifecycle.”

For example, Bentley’s AI solutions are already transforming the way organizations are monitoring the health of roads, bridges, dams, water networks, and telecommunications towers.

“Every owner-operator in the world is looking for a simpler and more effective way to understand the condition of their assets. Think what the power and possibilities of AI imply for improving asset performance and making infrastructure more resilient. This is the moment for our generation to apply its ingenuity and build upon the legacy of innovation to continue advancing the world’s infrastructure for better quality of life.”

Before his promotion to CEO, Cumins served as Bentley Systems’ COO from January 2022. He joined Bentley Systems as Chief Product Officer in September 2020 prior to the company’s IPO. Previously he was General Manager of SAP Marketing Cloud and served as Chief Product Officer of Scytl, a platform for online voting, and as Senior Vice President of Product with OpenX, a pioneer in programmatic advertising. Before OpenX, he had already served in a variety of senior roles at SAP, including product management, corporate strategy, and business development. Cumins is a dual French and U.S. citizen and is based in France.

National Van Lines Partners with Instant Teams to Enhance Awareness About PPM Moves for Military Personnel

Southern Pines, NC, July 02, 2024 — National Van Lines is thrilled to announce a strategic partnership with Instant Teams to document Personally Procured Moves (PPM), commonly known as DITY (Do It Yourself) moves, for our esteemed U.S. military personnel. This collaboration aims to provide a seamless, efficient, and stress-free moving experience for military staff members who choose the PPM option upon receiving their Permanent Change of Station (PCS), Temporary Duty (TDY), or Temporary Additional Duty (TAD).

Benefits of PPM Moves
Choosing a PPM move offers numerous advantages for military personnel, including:

Flexibility and Control: PPM moves allow military members to set their own schedules and choose their preferred moving methods and providers, ensuring a personalized and convenient moving experience.
Increased Efficiency: By overseeing their own moves, service members can avoid the delays and complexities sometimes associated with traditional moving services.
Financial Incentives: Service members can potentially save money by managing their own moves, as they are reimbursed for a significant portion of their moving expenses, often resulting in a profit if costs are managed effectively.

PCS Social Media Campaign with Instant Teams
Through this partnership with Instant Teams, National Van Lines will provide comprehensive support to a military family throughout the entire PPM process. While following the moving process National Van Lines and Instant Teams will show how choosing the PPM process will minimize the administrative burden on service members, allowing them to focus on other important aspects of their transition.

Commitment to Supporting Our Military
“At National Van Lines, we are dedicated to providing exceptional moving services that cater to the unique needs of our military customers,” said Michael Wilson, Vice President, Government Affairs, for National Van Lines. “Partnering with Instant Teams enables us to document how we offer enhanced support and streamlined processes for PPM moves, ensuring that our service members can relocate with confidence and ease.”

TCL Unveils Lineup of Google QLED, 4K QLED & 4K UHD TVs with Great Deals for Indian Consumers

Delhi, India  TCL – a leading consumer electronics brand and one of the dominant players in the global TV industry has announced the launch of its iconic Google QLED, 4K QLED & 4K UHD TVs range. Featuring a sleek design and unique tech capabilities, this dynamic range is set to redefine the home entertainment experience for customers.

The product range includes C655, P755Pro, P755, P655 & S5500, with price starting from Rs. 36,990, Rs. 46,990, Rs. 33,990, and Rs. 42,990, and Rs. 15,990 respectively. All new models offer innovative features across accessibility, functionality and performance as they are powered with AiPQ Processor that optimises colour contrast and image for exceptional gaming and entertainment experience.

Delighted with the launch, Philip Xia, General Manager of TCL India said, “As a global leader in TV technology, we are delighted to expand our offering with new QLED, 4K QLED and UHD TVs. The iconic additions are a testament to our commitment to bringing innovative and customer-centric offerings, specifically designed to meet the personalised needs of our Indian customers. We are dedicated to prioritising their preferences and ensuring that we continue to deliver exceptional value and satisfaction.”

Product Details and Features

TCL’s latest line up 4K QLED TV – the P755 & Pro range is embedded with T-Screen technology which provides outstanding details and is available in different screen sizes – 43” & 50” in P755 and 55”, 65” and 75” in P755Pro. It offers 3x contrast enhancement, 16% lesser energy consumption and a >178-degree viewing experience. Additionally, its HDR shows richer details on the screen with higher contrast, a wider colour gamut and vivid colours for an enhanced viewing experience. TCL has leveraged the unique MEMC technology to make fast-moving action-packed scenes look sharp without blurring. Apart from this, it is an ultimate treat for gamers as TCL’s latest technology of DLG (Dual Line Gate) uses unique algorithms to bring a higher refresh rate at a lower latency than ever before.

Based on advanced full-screen technology, TCL has launched P655 to achieve a higher screen-to-body ratio, providing a larger display to viewers in a 55” screen size. The 4K UHD TV offers a horizontal resolution of 3840 x 2160 pixels to deliver more than 8 million pixels for film-grade quality. P655 is one of the revolutionary offerings by TCL based on its clarity which is 8x than that of HD television. In addition, with HDR 10, viewers can experience a more realistic and vivid picture experience. Furthermore, its Hybrid Log Gamma (HLG) features help viewers get a wide range of streaming solutions.

Powered by Google TV OS, TCL has added another offering C655 to its distinguished QLED TV range that brings together movies, shows and live TV across a plethora of OTT apps and subscriptions. This next-gen model features a Uni-body ultra slim design for improved visual effect as well as optimised space utilisation. It is available in multiple screen sizes – 43”, 50”, 55”, 65” and 75”, specifically designed according to the user’s home space requirements. Equipped with 4K Quantum Dot Pro, it elevates the standard viewing experience into a cinematic treat with precise light control and a super picture quality chip for extensively improved colour contrast, brightness and saturation across multiple gamuts of colours.

Available in 32-inch screen size, TCL has embedded the latest technologies in its new offering – S5500. The screen offers Full HD viewing experience in 1920 x 1080 pixels and a 178-degree viewing angle. It boasts a 60Hz refresh rate for smoother motion which is highly beneficial for gamers with higher colour accuracy and consistency.

TCL’s newly launched lineup brings the ultimate audio with Dolby Atmos, featuring high-end and the most authentic sound with down-firing speakers. The immersive sound with Dolby decoder optimises the TV’s sound quality and makes the audio fully optimised for devices.

The newly launched lineup is packed with powerful hardware and connectivity for superior performance and fluent experience. The P755, P755Pro and P655 are equipped with Wi-Fi 5, Bluetooth 5.0, 2GB and 16GB RAM and 3 HDMI ports – 2.1*1, 2.0*1 & 1.4*1, while C655 is equipped with 2GB and 32GB RAM along with standard connectivity of Wi-Fi 5, Bluetooth 5.0 and 3HDMI ports -2.1*1, 2.0*1 & 1.4*1.

Apart from this, the next-gen picture quality chips in the latest TV range are embedded with new tuning to improve colour contrast and adjust screen brightness, specifically based on the ambient lighting to provide a truly personalised experience to the viewer. C655 & P755 Pro is integrated with 35W with ONKYO 2.1 Ch and P655, and S5500 come with a 24W speaker system for an enchanting yet powerful sound while the dynamic colour enhancement in each model features 1.07 billion colours for seamless display and colour transitions.

The newly unveiled C655, P755Pro, P755, P655 & S5500 are available for purchase at offline retail and brand stores including Reliance Digital and Croma. Customers can also shop these offerings online at Amazon and Flipkart.

U GRO Capital Line of Credit Now Live on Bajaj Markets

Pune, Maharashtra, India  Bajaj Markets proudly announces its collaboration with U GRO Capital, a distinguished data-driven lender. This partnership introduces U GRO Capital’s dynamic line of credit on Bajaj Markets, empowering SMEs to borrow up to Rs. 2 Lakhs instantly.

U GRO Capital offers competitive interest rates starting at 24% p.a. on Bajaj Markets. The line of credit stands out with its zero processing fee and simplified documentation requirements. Businesses can apply online, submitting basic KYC documents and proof of business. This eliminates the hassles often associated with traditional loan applications. In short, the partnership prioritizes transparency and user-friendliness.

Businesses can draw funds as required, up to their pre-approved limit, and repay within a year. A 5-day grace period each month provides further flexibility for managing payments. Additionally, businesses have the option to convert all dues to an EMI-based business loan from U GRO Capital at the end of 30 days of withdrawing the amount. This helps ensure long-term financial stability.

In addition, the platform allows businesses to compare lending options from various institutions, empowering them to choose a solution that aligns perfectly with their unique needs.