Category Archives: Business

Bitget Rewards Cross-Market Trading With New VIP Miracle Badge Program

Global, June 24: Bitget, the world’s largest Universal Exchange (UEX), has launched the VIP Miracle Badge Program, a new initiative designed to recognize active traders across crypto, stocks, and CFD markets while expanding access to premium services and exclusive rewards. The program introduces a series of achievement badges tied to trading activity across multiple asset classes and forms part of Bitget‘s broader effort to build a comprehensive VIP ecosystem for multi-asset traders.

As trading increasingly moves beyond a single asset class, users are building strategies across crypto, equities, commodities, foreign exchange products, and derivatives. The VIP Miracle Badge Program was created to recognize that evolution, rewarding traders who actively participate across the broader Universal Exchange ecosystem rather than within a single market segment.

“Most traders today rarely stay within one market,” said Gracy Chen, CEO of Bitget. “As users diversify their portfolios and move across markets, expectations around service, execution, and access continue to evolve. The VIP Miracle Badge Program builds on our VIP offering by recognizing trading achievements while giving users access to services and experiences designed for a multi-asset environment.”

The VIP Miracle Badge Program introduces four achievement categories based on trading participation and performance across different markets. The UEX Trading Master badge recognizes users active across multiple asset classes. The Futures Trading Master badge is designed for derivatives traders, while the Stock Trading Master and CFD Trading Master badges recognize participation across tokenized equities, commodities, foreign exchange products, and global indices.

The launch follows a series of initiatives aimed at expanding access to Bitget‘s VIP services. Recent programs include the VIP Fast Track Program, which allows eligible traders to access VIP benefits more efficiently, and the VIP Airdrop Season, which provides exclusive opportunities across products and asset categories. Together, these initiatives support Bitget‘s Universal Exchange strategy by creating a more connected experience for users participating across crypto and traditional financial markets.

As Bitget continues to expand access to tokenized stocks, commodities, foreign exchange products, and digital assets through a single platform, the VIP Miracle Badge Program adds a new layer of recognition and rewards for traders operating across global markets. The initiative reflects the growing role of multi-asset participation within the Universal Exchange ecosystem and the increasing demand for services built around the needs of active traders.

AD Ports Group Launches AI-Powered Intelligence Headquarters IHQ, Marking 20 Years of Digital Innovation

Abu Dhabi, UAE – 23 June 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry and logistics solutions, today announced the launch of its AI-driven business intelligence headquarters IHQ, a Group-wide platform employing thousands of digital workers embedding AI across 20 global workstreams

The launch of the platform is aligned with the UAE’s National Strategy for Artificial Intelligence to position the nation as a global AI leader by 2031, and underscores two decades of continuous investment by AD Ports Group in digital innovation.

Launched in the presence of H.E. Dr Mohamed Al Kuwaiti, Head of Cybersecurity Council for the UAE Government, at the Group’s Digital District- Zayed Port, the new platform will accelerate the Group’s digital transformation by systematically leveraging the efficiencies of AI through an approach that emphasises security, transparency, and the responsible use of artificial intelligence.

For AD Ports Group’s customers and partners, the launch of IHQ will progressively improve the speed, efficiency, and customer-centric nature of the Group’s service offerings across its portfolio of Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital Clusters.

Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD ‎Ports Group, said: “Over 20 years, AD Ports Group has grown from an Abu Dhabi-focused ports operator into a global trade enabler offering a full range of ports, transport, logistics and industrial solutions. Investment in a solid digital foundation has made this possible. With IHQ, we are building on this foundation to create an enterprise that continuously assists our ability to think, learn and evolve as a global business. Under the wise guidance of our leadership in the UAE, IHQ will leverage AI as a force multiplier for our people, in support of the 2031 National Strategy for AI.”

Mohamed Jamal-Eddine, Group Chief Digital & Information Officer, AD Ports Group, said: “At AD Ports Group, we will continue to invest ahead of the curve in the latest technologies to strengthen the UAE’s position as the world’s most intelligent trade hub. IHQ will make AI operational at enterprise scale. Every workstream selected for AI-powered transformation sits at a critical juncture, where artificial intelligence can measurably improve speed, accuracy and decision quality.”

IHQ will focus on integrating AI capabilities deep into the enterprise workstreams of the Group, improving efficiency, decision making, and customer service, through a perpetual improvement process that speeds the profitable expansion of the business.

At the time of the launch, IHQ features a number of transformed workflow demonstrations across workstreams, including port and berth optimisation, vessel arrival orchestration, software development and talent acquisition.

Over the coming months, IHQ will enable systematic augmentation of AI across AD Ports Group’s 20 workstreams, multiplying the Group’s operational capacity.

AD Ports Group is a recognised leader in AI implementation. In 2025, the Group was awarded a global Guinness World Record for deploying the most AI agents in a single logistics facility. During the same year, the Group published a blueprint, “Building Human-AI Teams: AD Ports Group’s Blueprint for Tomorrow’s Workforce” that outlined how AI-powered agents are transforming its operations.

DSP Mutual Fund asks investors hard questions on small caps

Sustained 7-8 pc Growth Key to Achieving Viksit Bharat by 2047: EAC-PM Chairman

New Delhi, June 23: India will need to sustain an annual economic growth rate of 7-8 per cent over the coming decades to achieve its vision of becoming a developed nation by 2047, according to S. Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM).

Speaking on India’s long-term development roadmap, the EAC-PM Chairman emphasized that consistent economic expansion, backed by reforms and investments, will be crucial for transforming the country into a developed economy by the centenary year of its independence.

He highlighted that strong growth alone would not be sufficient and must be accompanied by improvements in productivity, employment generation, infrastructure development, education, healthcare, and technological innovation. Continued expansion in manufacturing, services, and digital sectors will also play a critical role in driving economic progress.

According to the Chairman, India is well-positioned to capitalize on its demographic advantage, growing consumer market, and expanding global economic footprint. However, maintaining a high growth trajectory will require coordinated efforts from policymakers, businesses, and institutions.

He further noted that investment in human capital, innovation, and competitiveness will be essential to ensuring inclusive and sustainable development. Strengthening economic resilience and accelerating structural reforms will also help India navigate global uncertainties while pursuing its long-term aspirations.

The remarks come amid ongoing discussions on the Viksit Bharat@2047 vision, which seeks to transform India into a developed, prosperous, and globally competitive nation over the next two decades.

The statement underscores the importance of sustained economic momentum as India charts its path towards becoming one of the world’s leading economies by 2047.

VIRGIO Bets on Made-On-Demand Fashion to Build the World’s Largest Demand-Led Fashion Brand

Bengaluru, India, June 23: As the global fashion industry continues to grapple with overproduction, excess inventory, and increasing demand uncertainty, fashion-tech brand VIRGIO is championing a fundamentally different approach to building fashion – one that starts with consumer demand rather than inventory forecasts.

Amar Nagaram, Co-Founder & CEO, VIRGIO, is building what it aims to become the world’s largest on–demand fashion brand by 2030 through an AI-led operating model that enables fashion to be designed, produced, and scaled based on real-time consumer demand signals.

For decades, the fashion industry has relied on forecasting consumer preferences months in advance and committing significant capital to inventory before understanding actual demand. This approach has often resulted in excess stock, markdowns, and inefficiencies across the value chain. VIRGIO‘s Made–On–Demand (MOD) model seeks to address these challenges by continuously testing new styles in small quantities, analysing consumer response in real time, and scaling production only after demand has been validated.

VIRGIO believes that the fashion industry’s biggest challenge is not manufacturing, but forecasting. In a world where consumer preferences evolve rapidly and trends emerge daily across social platforms, predicting demand months in advance has become increasingly difficult. The company believes the future of fashion will belong to brands that can learn from consumer demand in real time rather than relying solely on long-range forecasts.

At the core of the model is VIRGIO‘s proprietary technology ecosystem, which identifies emerging fashion trends, tracks evolving consumer preferences, and enables rapid decision-making across design, merchandising, and manufacturing. By integrating technology with supply chain operations, the company can move styles from concept to consumer significantly faster than traditional fashion cycles while reducing inventory risk.

The company’s AI-led technology stack continuously analyses emerging fashion trends, consumer behaviour, and demand signals across digital channels. These insights help identify opportunities early, enabling teams across design, merchandising, and manufacturing to respond faster and make more informed decisions. By combining artificial intelligence with human creativity, VIRGIO aims to create a more responsive fashion ecosystem built around consumer demand.

Unlike conventional fashion businesses that prioritise inventory accumulation, VIRGIO‘s demand–led approach is designed to maximise agility, responsiveness, and assortment. Every product launch generates consumer insights that help inform future production decisions, creating a continuous feedback loop between demand and supply.

For consumers, this translates into access to a constantly evolving assortment of fresh styles launched throughout the year rather than waiting for traditional seasonal collections. The model enables VIRGIO to respond to emerging trends faster, offer greater variety, and continuously refine its assortment based on what customers are actively choosing.

The model is further supported by an integrated manufacturing ecosystem that allows the brand to align production capacity with real-time demand patterns. By bringing technology, sourcing, and manufacturing into a unified operating framework, VIRGIO is working to build a more efficient and adaptive fashion supply chain.

By producing only after demand has been validated, the model also helps reduce excess inventory, minimise markdown dependency, and lower the risk of unsold stock. As the fashion industry faces growing scrutiny around waste and overproduction, VIRGIO sees demand–led manufacturing as a more efficient approach to building fashion businesses while creating long-term value across the supply chain.

Amar Nagaram, Co-Founder & CEO, VIRGIO, said: “Fashion has traditionally been built around predicting what consumers might want months in advance. We believe the future belongs to brands that can learn directly from consumers and respond in real time. At VIRGIO, made–on–demand is the foundation of how we operate. Every style generates learning, every demand signal informs production, and every decision helps build a more intelligent fashion ecosystem. Our ambition is to build the world’s largest on–demand fashion brand by 2030 by fundamentally changing how fashion is designed, manufactured, and scaled.”

“The future of fashion won’t be defined by who can produce the most inventory. It will be defined by who can understand consumers the fastest and build products they genuinely want.”

As consumer preferences evolve faster than ever and trend cycles continue to compress, VIRGIO believes the next era of fashion will be defined not by producing more inventory, but by producing smarter inventory. Through its AI-led technology stack, integrated manufacturing ecosystem, and demand-first philosophy, the company is working towards redefining how fashion is built for the modern consumer while creating a more responsive and efficient industry model.

Global Tech Weakness Weighs on Nasdaq, S&P 500 Futures and Nifty IT

Lenovo Recognized in the Gartner Supply Chain 25 for 2026

India,  June 23: Lenovo has once again been ranked in the Gartner Supply Chain 25 for 2026, achieving its highest-ever ranking at seventh globally. The Gartner Supply Chain  25 is a renowned annual ranking of the world’s superior supply chains. Now in its 22nd year, the Gartner Supply Chain Top 25 identifies, celebrates, and profiles excellence in supply chain management. Supply chain teams use the Gartner Supply Chain Top 25 to benchmark performance, transform operations and lead in the future. Lenovo ranked eighth in 2025, 10th in 2024, and eighth in 2023.

AI Builds Greater Supply Chain Resilience

Global supply chains have faced unprecedented disruption over the past 12 months, driven by tariffs, component shortages, and geopolitical tensions. Lenovo’s strength amid these challenging circumstances has been its ability to build on its AI infrastructure behind its global supply chain, improving resilience, adaptability and execution at speed and scale. 

Over the past year, Lenovo has evolved its Supply Chain Intelligence “digital nervous system” to develop iChain, a continuously learning orchestration system that coordinates thousands of suppliers and more than 30 manufacturing sites globally. iChain is delivering tangible results for Lenovo’s supply chain operations, including 60% faster decision-making, near real-time disruption response, and a 90% automation of network simulations that reduces manual analysis from two to three weeks down to two to three hours. 

Lenovo remains committed to sustainability and continues to focus on future-proofing its operations by making the supply chain more resilient and intelligent.

“At Lenovo, we’ve always considered our Global Supply Chain as a key pillar of our operational excellence,” said Che Min Tu, Senior Vice President and Group Operations Officer, Lenovo. “Over the past 12 months, the ability to respond quickly to disruption has become essential for every business. By fully integrating AI into our operations, we’ve been able to meet our customer needs more quickly and respond to complex situations. We not only withstand disruption; we become stronger because of it. It’s this approach that’s helped Lenovo navigate changing market conditions, maintain a competitive advantage, and deliver its strongest year in the company’s history.”

Resilience Delivers Measurable Business Results

This resilience is translating into business performance. Lenovo retained its number one position in global PC market share, with the gap to the second-ranked competitor widening to its largest level in 15 years.

At the same time, integrating the Infrastructure Solutions Group supply chain into the broader global network has helped accelerate growth in Lenovo’s infrastructure business, supporting record operating profit and margins.

As global supply chains continue to grow more complex, Lenovo’s model is evolving beyond the high-volume PC business, where a single device can include an average of 2,500 components, to meet hypergrowth demand for AI infrastructure, enterprise solutions, and next-generation workloads. This positions Lenovo to maintain leadership in the global supply chain landscape by scaling AI server manufacturing, expanding liquid-cooled server capacity, and strengthening its global-local manufacturing network.

Lenovo’s Global, Anti-Fragile Supply Chain Strategy

Today, Lenovo’s supply chain spans more than 30 manufacturing sites in 10 markets across Asia Pacific, China, Europe, the Middle East and Africa, North America, and South America. Last year, Lenovo broke ground on a new manufacturing base in Riyadh, Kingdom of Saudi Arabia. Once operational, the advanced manufacturing facility will manufacture PCs, smartphones, and servers for the Middle East and Africa market, and will include a research and development center, talent enablement programs, and a customer experience center. Lenovo is committed to supporting the creation of thousands of local jobs, enabling knowledge transfer, and driving long-term economic value creation in Saudi Arabia.

In addition, Lenovo’s manufacturing site in Monterrey, Mexico, was recently recognized as one of 12 new additions to the World Economic Forum’s Global Lighthouse Network, a community of 201 leading manufacturers recognized for applying advanced technologies at scale. It is the second Lenovo site to receive this recognition, following the company’s site in Hefei, China, which was recognized in January 2023.

In September 2025, Lenovo announced a major investment and job expansion at its U.S. manufacturing and fulfilment campus in Whitsett, North Carolina. The three-building campus spans more than 800,000 square feet and employs approximately 1,100 people. The site supports server manufacturing, rack integration, and order fulfilment for customers across the United States.

transcosmos opens a new operations center, CX Square Magok, in South Korea

Tokyo, Japan, June 23: transcosmos announced the opening of a new operations center, CX Square Magok (Magok Center), in Seoul, South Korea. With approximately 400 workstations, the center primarily provides contact center services.

transcosmos has established a contact center in Magok, an emerging business hub in southwestern Seoul where an increasing number of companies are establishing a presence, thereby expanding its infrastructure in South Korea. Magok is highly regarded as a strategic location, benefiting from an inflow of highly skilled talent and excellent transportation access, both of which are essential for securing talent and ensuring an effective operating environment for AICC (AI Contact Centers). The newly opened Magok Center is equipped with optimal AICC infrastructure that enables the rapid implementation of advanced AI services. Currently, leading Korean platform companies, as well as IT companies and global content providers driving domestic and international markets, are delivering differentiated AI experiences based on the Magok Center’s infrastructure.

The Magok Center has established a training environment optimized for AICC, with the aim of improving consultation quality and operational efficiency. The center features dedicated training rooms, enabling practical training using AI solutions such as trans-AI Tutor. In particular, by linking the entire process—from the early onboarding of new agents to the upskilling of existing agents—with actual customer interactions, the center enhances agent proficiency and the accuracy of customer service.
The interior of the Magok Center is designed to enhance agent focus and raise productivity. The center is equipped with infrastructure that prioritizes agent convenience, including independent seating arrangements and dual monitors, creating a stable work environment. In addition, break spaces designed for employee refreshment are provided as cafeteria-style lounges, enabling communication in a relaxed atmosphere.

Leveraging the Magok Center’s infrastructure, transcosmos will deliver more advanced AI services.

In South Korea, transcosmos supports the planning and execution of AI Transformation (AX) initiatives in the customer service domain by leveraging its proprietary AI technologies. By integrating generative AI and advanced data analytics into business operations, X promotes innovation in customer engagement. Centered on AICC (AI Contact Centers), transcosmos provides tailored solutions optimized across its business domains, including contact center services as well as IT, marketing, e-commerce, field services, and education (Class Cloud).

* transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.
* Other company names and product or service names used here are trademarks or registered trademarks of respective companies.

India’s Power Sector Outlook Remains Strong on Robust Demand and Policy Support

June 23: India’s power sector is expected to maintain a positive growth outlook, supported by sustained electricity demand and strong government policy backing, according to recent industry reports.

The sector continues to benefit from rising consumption driven by industrial activity, urbanisation, and increasing household electricity usage. Peak power demand has been steadily growing, reflecting the expanding needs of a rapidly developing economy.

Policy initiatives focused on capacity expansion, renewable energy integration, and grid modernisation are further strengthening the sector’s long-term fundamentals. Government efforts to improve transmission infrastructure and ensure reliable power supply are also contributing to improved efficiency and stability across the system.

Industry experts note that India’s ongoing energy transition, including the expansion of solar and wind power, is reshaping the electricity landscape while maintaining a focus on energy security and affordability.

While challenges such as distribution efficiency and financial stress in parts of the power distribution segment remain, the overall outlook for the sector is considered stable and growth-oriented.

Overall, strong demand trends combined with supportive policy measures are expected to sustain momentum in India’s power sector in the coming years.

India Poised to Gain as Global Apparel Supply Chains Shift Away from China