Lighthouse Canton’s LC Beacon Global Fund Wins at HFM APAC Performance Awards

3rd October 2024:- Global investment firm Lighthouse Canton has announced that LC Beacon Global Fund, managed by Lighthouse Canton, has won the top spot in the Macro (Below $500m) category, at the prestigious 21st HFM APAC Performance Awards.

The HFM APAC Performance Awards are known for their objective and rigorous evaluation, using both Sharpe ratio and absolute return to highlight the hedge funds that best achieve two critical goals— managing volatility and delivering consistent, positive returns to investors.

LC Beacon Global Fund focuses on a dual-strategy approach, generating steady risk-adjusted returns with low volatility and correlation to equity and bond markets. It generates steady, uncorrelated returns by investing in short-dated fixed-income instruments, relative value market-neutral trading strategies and arbitrages across all major liquid asset classes.

Fund’s annualized return for 2024 stands at 9.43%, with a 1.02% gain in August, showcasing an impressive 4.01% outperformance over SOFR during this period.

Sanket Sinha, Global Head of Asset Management at Lighthouse Canton, expressed, “We are honored to receive this recognition for LC Beacon Global Fund. Our commitment has always been to generate superior risk-adjusted returns and create long-term value for our private and institutional clients. This award not only showcases the strength of our asset management capabilities but also affirms the success of our strategy that merges deep fundamental analysis with innovative investment approaches.”

Sunil Kalra, Portfolio Manager for LC Beacon Global Fund, added, “Winning the HFM APAC Performance Award is a significant milestone for LC Beacon Global Fund and the team. This recognition underscores our conviction and our investor’s confidence in the Fund’s unique dual strategy model and its ability to be an effective diversifier in investors’ portfolios. Since inception in 2016, the Fund has not seen a negative month. The numbers are a strong demonstration of our team’s extensive expertise and commitment to maintaining high performance standards and delivering value to our investors.”

Headquartered in Singapore, Lighthouse Canton is a global investment institution with wealth and asset management capabilities. Lighthouse Canton employs over 160 experienced professionals across its offices in Singapore, Dubai, India, and London, and oversees over US$ 3.7 billion worth of assets under management and advisory (as of 30th June 2024).

Its Asset Management business invests on behalf of private accredited clients and institutional investors, comprising strong internal product capabilities in hedge funds, private equity, and traditional fundamental analysis. It runs 8 private and public market funds investing through multiple strategies in real estate private equity, direct lending, venture capital, venture debt, public equities, and global macros.

Blaupunkt Launches TS120 BASS Tower Speaker for Enhanced Home Entertainment

Hyderabad 03rd September: Blaupunkt, the iconic German audio brand with over a century of expertise, proudly announces the launch of its latest innovation, the Blaupunkt TS120 BASS Tower Speaker. This powerful speaker, designed to enhance modern home entertainment, combines state-of-the-art audio technology with timeless design, making it a must-have for audiophiles and home entertainment enthusiasts alike.

Revolutionary Design and Superior Build
TS120 BASS represents the next evolution in audio design, offering a perfect blend of performance and style. With a 140-watt output, it redefines consumers’ expectations of high-end sound systems. Its solid wood construction exudes elegance while enhancing the audio experience, delivering clear mids, crisp highs, and deep, full-bodied bass. The TS120’s slim, space-saving form factor makes a bold visual statement. Featuring fabric-covered speakers and vents, the design brings a classic, understated aesthetic that integrates seamlessly into any home environment.

Immersive Audio Experience
With its premium components, the TS120 BASS offers a superb listening experience. It includes a 3-inch mid-range speaker, a 2-inch silk dome tweeter, and a 6.5-inch subwoofer, creating a meticulously balanced setup that covers the full audio range—from light high notes to deep, resonating bass. Encased in a durable hardwood cabinet, the speaker is designed for long-lasting reliability, with materials selected for both their durability and sound-enhancing qualities.

Intuitive Touch Control and Karaoke Mode
Blaupunkt has always emphasized ease of use and a premium touch, and the TS120 BASS is no exception. Positioned at the top of the tower, the touch control pad allows users to adjust settings effortlessly, illuminated with a warm glow for easy use in low-light conditions. The speaker also caters to the rising trend of at-home entertainment with a dedicated Karaoke mode, complete with a microphone and remote, enabling users to perform their favorite songs in professional-quality sound. Dedicated bass and treble controls further ensure each performance is polished.

Seamless Connectivity for Modern Devices
Understanding the needs of today’s tech-savvy consumers, Blaupunkt has designed the TS120 BASS to connect with a variety of devices. Whether it’s your TV, smartphone, tablet, or even a vinyl player, the speaker offers seamless connectivity through Bluetooth, HDMI ARC, Optical, AUX In, and USB In ports. It even includes FM radio, ensuring users have access to all their favorite audio sources.

F5 and NetApp Accelerate and Streamline Large Language Model AI Deployments

INDIA, October 3rd, 2024 – F5 and NetApp today announced an expanded collaboration to accelerate and streamline enterprise AI capabilities using secure multicloud networking solutions from F5 and NetApp’s suite of data management solutions. This collaboration leverages F5 Distributed Cloud Services to streamline the use of large language models (LLMs) across hybrid cloud environments. By integrating F5’s secure multicloud networking with NetApp’s data management, enterprises can implement Retrieval Augmented Generation (RAG) solutions efficiently and securely, enhancing the performance, security, and utility of their AI systems.

As enterprises increasingly adopt AI technologies, the need for accurate and contextually relevant information becomes crucial—and that’s where RAG comes in. RAG is an artificial intelligence technique that combines retrieval-based and generation-based approaches to improve the quality and relevance of responses by securely incorporating relevant, often proprietary, documents or information from a large dataset into the generated answers without exposing them to public large language models. RAG integrates the most recent, relevant data into AI responses. This ensures that AI models can deliver precise and context-specific answers.

RAG is quickly becoming a popular architecture among customers, but the fragmented distribution of enterprise data often forms silos, complicating integration with LLMs. F5 and NetApp solve this problem by providing secure access to private data from any location and facilitating data transfers for migrations and mobility. The combined solution significantly reduces the complexity of managing hybrid and multicloud infrastructure. By using F5 Distributed Cloud Services and NetApp BlueXP, customers can unify the operational models for data management, security, and networking, contributing to cost reduction and achieving multicloud RAG to support innovative AI projects.

“Our collaboration with NetApp highlights our commitment to delivering cutting-edge solutions that not only boost performance but also ensure stringent security,” said Pratik Shah, Managing Director for India & SAARC, F5. “By integrating F5’s secure multicloud networking with NetApp’s robust data management solutions, we are providing enterprises with a seamless, scalable, and secure AI deployment framework. This partnership empowers organizations to harness the full potential of AI, transforming their data into a strategic asset for long-term growth and innovation.”

“F5 is accelerating enterprise AI adoption by integrating our secure, high-performance multicloud networking capabilities with NetApp’s robust data management solutions. This powerful collaboration unlocks the potential of RAG, seamlessly blending enterprise data with foundational and frontier AI models,” said Kunal Anand, Chief Technology and AI Officer at F5. “Our joint solution transforms how businesses train LLMs by delivering unparalleled high-speed performance and ironclad security, enabling enterprises to harness AI’s capabilities within their unique business contexts confidently. With F5 and NetApp, businesses can now easily navigate the complexities of AI integration, turning their data into a strategic asset that drives innovation and competitive advantage.”

NetApp’s Cloud Volumes ONTAP optimizes cloud storage costs and performance while enhancing data protection and compliance. This solution, combined with F5’s networking capabilities, allows for quick and secure data mobility, reducing overhead for IT departments. Enterprises can migrate data effortlessly across zones and regions, leveraging NetApp’s SnapMirror technology for data mobility.

“Our collaboration with F5 helps address the complex challenges of AI deployments in hybrid cloud environments. By combining NetApp’s data management solutions with F5’s secure multicloud networking technology, we are providing enterprises with a seamless and secure way to manage, protect, and optimize their data to deliver business-critical LLM applications. Our work together supports businesses looking to leverage generative AI to drive innovation and growth,” said Jonsi Stefansson, Chief Technology Officer at NetApp.

SPJIMR joins global consortium to redefine decision-making models

Mumbai, October 03, 2024: Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) Centre for Wisdom in Leadership (CWIL) has joined the Wise Judgment Consortium (WJC), a growing community that aims to create a more inclusive model for decision-making. Nearly 30 researchers from 12 countries, including Prof. Surya Tahora, Executive Director – CWIL, SPJIMR, will collaborate on a project titled ‘Wisdom across cultures beyond traditional decision-making paradigms’.

Speaking about the initiative, Prof. Tahora said, “My passion has always been understanding the human condition and how people from different cultures and religions live, face and address complex, challenging situations. It also connects directly with my work at the CWIL, where I focus on how cultural and situational factors shape leadership and decision-making.”

Inspired by SPJIMR’s mission of value-based growth, CWIL looks to enhance conventional leadership development approaches currently deployed by corporate learning and development professionals, with wisdom traditions drawn from the East and West. The Centre is part of an emerging global network of leadership and wisdom centres, scholars, and practitioners.

Led by Dr. Igor Grossmann, Professor of Psychology and Director, Wisdom and Culture Laboratory, University of Waterloo, Canada, this global initiative received $1.5 million in funding from the Templeton World Charity Foundation (TWCF) to study wisdom and standards of wise judgment. SPJIMR-CWIL was a signatory to the funding application.

The global project looks at how different factors—cultural, ecological and situational—influence people’s views of wisdom for navigating everyday decisions, approaching challenges and handling conflicts. The project aims to challenge traditional decision-making models that focus on Western, Educated, Industrialised, Rich and Democratic (WEIRD) societies. Its interdisciplinary approach combines expertise from a variety of fields including psychology, psychometrics and computer science for a richer understanding of wisdom and decision-making.

“At SPJIMR, we are committed to fostering global research collaborations that align with our mission of advancing ‘wise innovation’. Our participation in the Wise Judgment Consortium enables us to contribute to a global dialogue on decision-making. By engaging with diverse perspectives and exploring how cultural and situational factors shape wisdom, we continue to expand our understanding of leadership and influence managerial practice to drive impactful, inclusive solutions for complex challenges,” said Prof. Varun Nagaraj, Dean, SPJIMR.

One Health Assist Hires Concept PR and Alpha Beta Marketing for PR and Digital Growth

Mumbai, 3rd October 2024 – One Health Assist, an integrated health and wellness ecosystem, with online and offline presence, with the narrative of “Health Banao Simple” is proud to announce Concept PR as its officially appointed Public Relations partner and Alpha Beta Marketing Solutions LLP as its digital partner for social media strategy and performance marketing. These strategic alliances are pivotal to enhancing One Health Assist’s brand visibility and reinforcing its innovative healthcare offerings across India.

 Concept PR, a leading player in India’s PR landscape, will spearhead all communication efforts for One Health Assist, leveraging their industry expertise and extensive network to amplify the brand’s voice. The partnership aims to help the brand foster key stakeholder relationships, driving impactful media outreach, and showcasing the groundbreaking healthcare solutions that the brand delivers to the Indian market along with conveying the brand philosophy to the consumers.

 Alpha Beta Marketing Solutions LLP will drive One Health Assist’s digital footprint, executing engaging social media and digital campaigns to strengthen brand visibility, consumer engagement, consumer acquisition and lifetime value. Their strategic expertise will help the company connect with a broader audience, healthcare professionals, corporates and various other stakeholders while leveraging cutting-edge digital tools to communicate key health offerings through targeted digital campaigns.

 Davinder Bhasin, Founder of One Health Assist, said, “We are excited to collaborate with Concept PR and Alpha Beta Marketing Solutions. In today’s fast-evolving healthcare landscape, having strong digital and media partners is pivotal. Therefore, with these two firms onboard, we’re confident in amplifying our digital footprint and media presence, ultimately enhancing our ability to deliver transformative healthcare solutions and convey our brand philosophy of providing reliable, innovative & accessible healthcare solutions under one roof that leads to our motto – Health Banao Simple.”

 Suhas Tadas, Senior Vice President, Concept PR said, “At Concept PR we are on the lookout for partnering companies that are seeking to change the rules of the game. One Health Assist, is one such entity that is redefining healthcare accessibility. Their commitment to making quality healthcare available to all inspires us to leverage our public relations expertise to amplify their brand visibility, ensuring their message reaches the right audiences and drives meaningful, lasting impact.”

 Miller Khandhar & Shikha Doshi, Founders at Alpha Beta Marketing Solutions LLP, said “We are thrilled to harness the power of social media and digital campaigns for One Health Assist in spreading their message in a way that is authentic, impactful, and aligned with their mission of making healthcare accessible to all. Also, this collaboration is an exciting opportunity for us to leverage our expertise in performance marketing. Our goal is to drive measurable results that align with their mission of delivering comprehensive healthcare solutions.”

 Through these collaborations, One Health Assist aims to strengthen its position as a market leader in delivering accessible, high-quality healthcare by leveraging innovative, technology-driven solutions. By partnering with key stakeholders, OHA seeks to expand its reach, enhance consumer outcomes and set new benchmarks in healthcare affordability, accessibility and efficiency.

JSW Cement Boosts Installed Capacity to 20.6 MTPA

Mumbai, October 3, 2024: Parth Jindal-led JSW Cement, a part of the $24 billion JSW Group (by consolidated revenue in Fiscal 2024), has successfully commissioned an additional two Million Tonnes per annum (MTPA) capacity at its plant in Vijayanagar in the southern state of Karnataka, boosting the total capacity of the plant to 6 MTPA.

With this expansion – made with an investment of Rs 461 Cr – the overall installed grinding capacity of JSW Cement has gone up to 20.6 MTPA, reinforcing its focus on manufacturing green cementitious products.

The Vijayanagar facility, strategically located alongside JSW Steel’s manufacturing plant, benefits from operational synergies within the group, especially in sourcing raw materials like blast furnace slag, enabling the production of eco-friendly cement and cementitious product.

The new capacity addition is in line with JSW Cement’s goal of increasing the overall grinding capacity to 40.85 MTPA in the near term through greenfield and brownfield expansions across India, a growth driven by innovation, sustainability, and integrated business operations within the JSW Group.

Nilesh Narwekar, CEO of JSW Cement, said: “This new capacity at Vijayanagar is a significant step towards increasing our overall capacity to 40.85 MTPA while maintaining our commitment to sustainability. By using advanced technologies and leveraging synergies with JSW Steel, we are able to produce ‘Green Cement’ that not only meets the growing demands of our customers; it also significantly reduces the environmental impact. As we keep expanding, our focus will remain on innovative and sustainable manufacturing practices that support the global shift towards a circular economy.”

The expansion at Vijayanagar is part of JSW Cement’s broader strategy to invest in brownfield and greenfield projects across northern and central India, including proposed units in Rajasthan, Punjab, Madhya Pradesh, and Uttar Pradesh.

JSW Cement’s vision is to cater to rising infrastructure and housing demand across the country. As part of its commitment to green products, JSW Cement continues to focus on the production of Ground Granulated Blast Furnace Slag (GGBS) cement, which is an eco-friendly product produced entirely from blast furnace slag.

The company’s growth plan also aligns with synergies in logistics and raw material sourcing through JSW Infrastructure’s port operations and limestone reserves across various regions.

Achieving Work-Life Balance: St. George’s University Graduates Share Insights for Aspiring Doctors

India, 3 October 2024: For International Doctor’s Day on 1st October, St. George’s University (SGU) School of Medicine in Grenada, West Indies has provided tips to help medical professionals achieve a good balance between work and personal time.

The specialties with favorable work-life balance

In-demand fields like primary care offer more flexible schedules, making it easier for doctors to juggle personal and professional responsibilities. “Primary care is unique in medicine because of its flexibility,” says Dr. Linda Girgis, SGU alumna and primary care doctor in New Jersey. “Many physicians now practice outpatient medicine, avoiding late-night hospital admissions. Options like private practice or working under a hospital system each have their benefits and challenges.”

Work-life balance is achievable in specialties beyond primary care, though it may require a different approach. Procedure-oriented specialties often demand long hours and early mornings. Physicians in these fields must be intentional about scheduling time for work and home.

Tips for preventing burnout

“Eat well, exercise, get enough sleep, and don’t neglect your friends and family more than necessary,” advises Dr. David Thomas, SGU alumnus and advanced fellow for transplant and oncology infectious diseases at Moffitt Cancer Center. “Finding balance is key to improving your practice.”

Doctors with the best work-life balance often cultivate lasting healthy habits. For some SGU graduates, this balance started on campus. Dr. Ifeatu Egwuatu, SGU alumnus and internal medicine resident, attributes his ability to juggle multiple responsibilities to his time at SGU. “Managing my time effectively allowed me to excel in both medical school and extracurriculars,” he says.

Dr. Nanditha Guruvaiah, SGU alumna and internal medicine preliminary resident, emphasizes the importance of planning ahead and self-care. “Achieving the perfect work-life balance is still a work in progress. Planning and reserving time for self-care are critical to avoid burnout,” she explains.

Practice what you preach

Physicians may want to consider implementing the advice they often give to their patients. Medical professionals know more than anyone about the long-term consequences of stress caused by burnout. Prioritizing your well-being will set a good example for your patients to prioritize their well-being.

Dr. Garima Gupta, SGU alumna and oncologist, says: “The key is making it a priority and maintaining mental health to prevent burnout,”.

Balancing a medical career with other aspects of life is challenging but achievable. Prospective medical students should not be deterred by work-life balance concerns. SGU graduates across various medical fields have successfully navigated this balance.

Fashion Design Council of India and Lakmé Fashion Week Present Péro Opening Show on October 9, 2024

National 3.10.2024: péro, known for its delightfully whimsical take on Indian craftsmanship, is all set to open the next edition of Lakmē Fashion Week in partnership with FDCI on the 9th of October 2024 in New Delhi. Founded by Designer Aneeth Arora, this year also marks a special milestone–the 15th anniversary of péro.
Over the years, péro has come to be known for its fantastical storytelling told via intricately detailed, richly embroidered, handwoven textiles that lend a playful dimension to contemporary design.

Aneeth Arora, founder & designer of péro, shares her excitement, “I am so happy and honoured to celebrate péro’s 15th anniversary by opening Lakmē Fashion Week in partnership with Fashion Design Council of India. This collection, in particular, is very close to my heart as it is a celebration of our collective childhood nostalgia reinterpreted in our own quirky style. Think cottage core but with a twist.”

péro’s exploration this season will see its signature surface ornamentations and ditzy florals—all of which spark unimaginable joy.

Sunanda Khaitan, Vice President, Lakmē said, “At The House of Lakmē, we have been consistently re-inventing the fashionXbeauty landscape, shattering boundaries and uncovering bold new frontiers. The inaugural show of Lakmē Fashion Week in partnership with FDCI seamlessly aligns with our vision as a trendsetting brand. We are thrilled to unveil Aneeth Arora’s péro as the opening act that blends Indian heritage with modern flair. As péro celebrates 15 years of trailblazing design, this season’s signature collection is sure to captivate audiences worldwide.”

Sunil Sethi, Chairman FDCI said, “Aneeth Arora, renowned worldwide for her captivating fashion narratives, seamlessly blends the intricacies of traditional Indian textiles with western design sensibilities. We are thrilled to welcome her for the opening show, which is poised to spark trendsetting fashion conversations and will set a vibrant tone for the October 2024 season in New Delhi.”

Jaspreet Chandok, Group Vice President, Reliance Brands Pvt. Ltd said, “Each season, the grand opening show sets the tone for the five days of fashion that follow. This year, we are thrilled to kick off the extravaganza with péro by Aneeth Arora. With it being péro’s 15th anniversary showcase, it promises to be a magical start to the season, celebrating Indian craftsmanship through a fresh and imaginative lens, bringing an unconventional perspective to the runway. We are excited to have Aneeth open Lakmē Fashion Week in partnership with FDCI, setting the tone for what will be an unforgettable edition of creativity, innovation, and fashion in Delhi.”

Lakmē Fashion Week in partnership with FDCI is scheduled from 9th October to 13th October 2024 in New Delhi.

NIIT Foundation and Ciena Launch Career Initiative for Underprivileged Youth in Ghaziabad

National, 03rd NIIT Foundation, in collaboration with Ciena, a networking systems, services and software company, is operating a Career Development Center (CDC) to empower individuals in and around the villages in Ghaziabad, Uttar Pradesh. The program addresses the critical gap between education and employment and aims to provide essential skills training and job opportunities to marginalized communities – equipping beneficiaries with the tools they need to succeed in today’s ever-evolving economy.

 The CDC offers a comprehensive range of services, including vocational training programs in high-demand sectors such as IT and retail. The center’s curriculum emphasizes both technical and soft skills development, ensuring trainees are well-prepared for professional environments. Furthermore, the center also facilitates beneficiaries with job placement assistance, community engagement efforts, counselling services, and offers specialized programs designed to address the unique challenges faced by women in skill development and employment for instance.

 During the financial year 2023-24, the total registrations surpassed 300, along with 128 individuals securing a successful job placement. These figures underscore the effectiveness of the registration drive, indicating strong interest and participation in both career and non-career programs.

 Charu Kapoor, Country Director of NIIT Foundation, said, “Our partnership with Ciena has enabled us to create a substantial impact in the lives of underprivileged youth in Ghaziabad. By providing targeted skill development and career guidance, we aim to not just create job opportunities but also foster a sense of empowerment and self-reliance among the community.”

 Further commenting on the collaborative effort, Amit Malik, Vice President, Ciena India, added, “Our collaboration with NIIT Foundation aligns perfectly with our commitment to social responsibility and community development. The success of this initiative reinforces our belief in the potential of public-private partnerships to drive meaningful change.”

 Looking ahead, the NIIT Foundation and Ciena are committed to expanding the reach of this program across Ghaziabad to impact more than 300 beneficiaries, with plans to introduce new courses aligned with emerging industry needs and to explore partnerships with more local businesses to enhance job placement opportunities. The initiative aims to continue its mission of empowering underserved communities and contributing to the overall socio-economic development of the region.

ZF, the industry pioneer in Electric Parking Brakes, surpasses 250 million units

Koblenz, Germany. ZF, the global leader in foundation brake systems, has achieved a remarkable milestone: the production of 250 million Electric Park Brake (EPB) units. This achievement solidifies ZF’s position at the forefront of the industry, becoming the first company to reach this significant figure while maintaining its commitment to enhance overall brake system performance and driver safety and comfort.

ZF, the industry pioneer in Electric Parking Brakes, surpasses 250 million units

The Electronic Parking Brake stands out for its ability to improve fuel economy by reducing weight in the brake system. Beyond that, it represents a significant step in the electrification of mechanical systems, and when integrated with other vehicle systems, it enables advanced functions. The EPB also enhances driver safety by allowing two-wheel anti-lock emergency stops and providing convenient activation with a simple touch of a button.

The EPB isn’t just about parking — it is fully integrated into the brake system. It features dynamic actuation and brake pad wear sensing, while minimizing degradation associated with traditional mechanical systems.

“When the shift from purely mechanical service brake functions began in the early 2000’s, ZF had already been established as a global leader in the foundation brake market,” said Danny Milot, Senior Vice President Braking Engineering. “The continued success of the EPB emphasizes that position as this technology is featured on many of the world’s most popular vehicles, from small cars to large pick-up trucks and SUVs.”

As an industry leader in braking technology, ZF offers a range of park brake solutions including the integrated park brake through to full EPB systems. And with more than three billion braking parts sold over the course of more than 50 years, ZF continues to be on the cutting edge of innovation while offering the most comprehensive portfolios of purely electronically controlled steering, brakes and damping systems for software-defined vehicles.

“As we move toward advanced safety, automated driving and vehicle electrification, braking systems continue to play a pivotal role,” Milot said. “ZF will maintain its position is a leader, continuing to relentlessly pursue innovation while setting new standards for the automotive industry.”