27, May 2024
Alexis Alexandrou Drives Sustainability with the Launch of Exciting New E-Commerce Technology
Edison, NJ, May 27, 2024 — Alexis Alexandrou is thrilled to let their clients know that their up-and-coming e-commerce technology will be the driving force to the sustainability of the e-commerce industry.
Alexis Alexandrou takes pride in incorporating eco-friendly technology as a fundamental component of their most recent advancements in e-commerce technology. The aim to modernize online shopping with innovative technologies is now underway.
Addressing the issue of retail product returns is the driving force. Alexis Alexandrou came up with an innovative e-commerce measure that not only cut down on carbon emissions and waste but also simplify purchasing while promoting transparency.
Incorporating sustainable development principles throughout their operations is of utmost importance, according to Alexis Alexandrou. The company reassures customers that its primary concern is their satisfaction coupled with the protection of the environment.
This brilliant project shows perfectly well how Alexis Alexandrou never misses the opportunity to work on projects that contribute positively to society and the environment using technology intelligence.
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- By Rabindra
27, May 2024
Social App SoulChill Reports Rapid Growth in Turkey and the Middle East
Beijing, China, May 27, 2024 — SoulChill, a social entertainment app, reports significant growth in user engagement following a series of successful campaigns on Instagram and TikTok. The campaigns, targeting Turkey and the Middle East, showcased the app’s potential to build community and encourage creative interaction.
In Turkey, SoulChill’s Instagram campaign, featuring collaborations with Key Opinion Leaders (KOLs), achieved over 1.3 million views. The app’s official Turkish Instagram account saw substantial growth, increasing from 300 followers to over 63,300 in just five days.
The “SoulChill Voice” event, launched on TikTok, resonated strongly with users, generating nearly 7 million views and close to 100,000 interactions. Notably, one video was featured on the TikTok Trends Turkey homepage, garnering nearly three million views and prompting widespread local discussion. Across Turkey and the Middle East, the “SoulChill Voice” campaign, supported by numerous KOLs, achieved a combined total of over 10 million views.
These initiatives demonstrate SoulChill’s commitment to fostering a dynamic and interactive online community. The app offers users a platform to share experiences, participate in engaging events, and connect with others who share their interests.
27, May 2024
Empowering Women Drivers: How Legal Assistance Solutions Can Enhance Safety and Security on the Road
Navigating the legal challenges on the roads of India can be a daunting task for many, especially women drivers who often face unique and heightened concerns. The transportation sector, rife with uncertainties and risks, has been unattractive to Indian women due to these challenges. This article delves into the current scenario, the reasons behind the low participation of women in this sector, and how Lawyered’s innovative LOTS platform is paving the way for safer and more accessible road experiences.
Women in India face significant hurdles when it comes to driving. Cultural norms and safety concerns often deter them from participating in the transportation sector. Safety concerns are paramount, with women drivers frequently expressing fears about personal safety, particularly when driving through remote areas or during late hours. The risk of harassment or worse keeps many from driving independently. There is also a notable lack of legal support; in case of accidents or other legal troubles on the road, women often hesitate to contact the police. This hesitation is rooted in a lack of trust and fear of not being taken seriously or being further harassed. Furthermore, the perception of driving being a male-dominated activity further discourages women from taking the wheel, limiting their mobility and independence.
These issues contribute significantly to the underrepresentation of women in the transportation sector. The fear of legal entanglements and the absence of a robust support system deter many women from considering careers as drivers, whether in personal, commercial, or public transportation roles. This not only affects their personal growth and independence but also hinders the economic development that could arise from their increased participation.
In response to these challenges, Lawyered has introduced LOTS (Lawyer on the Spot) platform, designed to provide immediate legal assistance to drivers facing on-road legal issues. Recognizing the unique challenges faced by women drivers, Lawyered has tailored its solutions to ensure comprehensive support and safety. The LOTS platform offers round-the-clock support, understanding that legal troubles can arise at any time. This is particularly beneficial for women who might face issues late at night or in remote locations, providing them with a reliable lifeline. With just a tap on their smartphone, drivers can access a network of experienced lawyers ready to provide instant advice and support, helping them navigate legal hurdles efficiently and effectively.
During the inception of LOTS 24*7, Lawyered communicated with numerous women drivers to understand their specific concerns. This feedback has been instrumental in shaping the platform to be more empathetic and responsive to the needs of women on the road. By providing a trustworthy legal support system, LOTS empowers women drivers to feel more secure and confident in their ability to handle road challenges, thereby encouraging more women to take up driving and participate in the transportation sector.
The introduction of Lawyered’s LOTS platform marks a significant step towards addressing the legal and safety challenges faced by drivers in India, with a special focus on empowering women. By offering 24/7 legal support and understanding the unique concerns of women drivers, LOTS not only makes the roads safer but also opens up new opportunities for women in the transportation sector. This initiative by Lawyered is a promising move towards fostering a more inclusive and secure driving environment in India.
27, May 2024
Sundaram Finance Ltd. – Audited standalone & consolidated financial results for the quarter and year ended March 31st, 2024
The Board of Directors of Sundaram Finance Ltd. (SFL) approved the audited standalone and consolidated financial results for the year ended March 31, 2024, at its meeting held on May 24, 2024, in Chennai.
“Team Sundaram has delivered a strong FY24 despite lower-than-expected economic activity in the quarter. Assets under management grew by 27% to a new high of Rs. 43,987 crores, net stage 3 assets closed at 0.63% and profit after tax recorded a 23% growth to Rs. 1,334 crores (excluding exceptional item) over the prior year period. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY23 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.
Disbursements for FY24 recorded a growth of 25% over FY23 with all asset classes and geographies witnessing significant growth. Gross stage 3 assets improved substantially over the previous year. Gross stage 3 assets as on March 31, 2024, stood at 1.26% with provision cover of 50% as against 1.66% as on March 31, 2023, with provision cover of 49%. Profit after tax at Rs. 1,334 crores registered an increase of 23% (excluding exceptional item) in FY24 as against Rs. 1,088 crores in FY23. Return on assets at 3.18% as against 2.84% for FY23 and capital adequacy at 20.5% remains quite comfortable to support planned growth.
“Q4 witnessed sluggish demand in the automotive sector although pre-election impetus boosted infrastructure and construction activity. We improved market share and ensured best-in-class asset quality in a tough operating environment. Looking ahead, while medium term prospects for the Indian economy look promising, we expect FY25 to be a tale of two halves – H1 impacted by the general elections currently underway and normal monsoons forecasted and H2 witnessing a revival in demand and private investment. Team Sundaram will continue to take a through-cycle view and sharply focus on delivering the Sundaram experience to our customers, our people and all stakeholders,” said Rajiv Lochan, Managing Director.
STANDALONE PERFORMANCE HIGHLIGHTS FOR FY24
· Disbursements for FY24 recorded a growth of 25% to Rs. 26,163 crores as compared to Rs. 20,966 crores registered in FY23. Disbursements for Q4FY24 recorded a growth of 18% to Rs. 6,209 crores as compared to Rs. 5,259 crores in Q4FY23.
· The assets under management grew by 27% to Rs. 43,987 crores as on 31st March 2024 as against Rs.34,552 crores as on 31st March 2023.
· Net interest income rose 17% in FY24 as compared to FY23. For the quarter ending March 31, 2024, net interest income rose 21% over the corresponding quarter in FY23.
· The total restructured assets under Covid relief measures enabled by the Reserve Bank of India were at Rs. 260 crores, about 0.6% of loan outstanding, as on 31st March 2024.
· Gross stage 3 as on 31st March 2024 stood at 1.26% with 50% provision cover as against 1.66% with provision cover of 49% as on 31st March 2023. Net stage 3 as on 31st March 2024 closed at 0.63% as against 0.86% as on 31st March 2023.
· The Gross and Net NPA, as per RBI’s new asset classification norms for NBFCs, are 1.98% and 1.25% respectively as against 3.00% and 2.10% as of 31st March 2023.
· Cost to income ratio closed at 34.69% in FY24 as against 34.26% in FY23. The cost-to-income ratio for Q4FY24 closed at 33.46% as against 33.02% for Q4FY23.
· Profit after tax registered a 23% rise in FY24, with net profit at Rs. 1,334 crores (excluding exceptional item). The company had registered a net profit of Rs. 1,088 crores in FY23. Profit after tax registered a 22% increase in Q4FY24 (excluding exceptional item), with net profit at Rs. 386 crores as compared to Rs. 316 crores in Q4FY23.
· During the year, the Company transferred 79,73,529 equity shares of Rs. 5/- each held in Sundaram Finance Holdings Limited (SFHL), representing 3.59% stake, resulting in a profit of Rs. 134 crores. SFHL has ceased to be a subsidiary of the company. The Company has decided to recognize this investment at Fair Value through Other Comprehensive Income as per IND AS 109.
· Provision of Rs. 70 crores was made in respect of investments in Alternate Investment Funds (AIF) pursuant to RBI circular dated 27th March 2024.
· Return on assets (ROA) for FY24 closed at 3.18% as against 2.84% for FY23. Return on equity (ROE) was at 17.5% for FY24 as against 14.9% for FY23.
· Capital Adequacy Ratio stood at 20.5% (Tier I –16.8%) as of 31st March 2024 compared to 22.8% (Tier I – 17.7%) as of 31st March 2023.
· The Company has declared a final dividend of Rs. 16/- per share (160%).
CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR FY24
The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.
· The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 66,472 crores as on 31st March 2024 as against Rs. 53,406 crores as on 31st March 2023. The assets under management of our asset management business stood at Rs. 70,883 crores as on 31st March 2024 as against Rs. 54,719 crores as on 31st March 2023.
· Profit after tax for FY24 grew by 8% to Rs. 1,436 crores as compared to Rs. 1,328 crores in FY23.
GROUP COMPANY PERFORMANCE HIGHLIGHTS
Our group companies continued to perform well.
· The asset management business closed the year ended 31st March 2024 with assets under management of Rs. 70,883 crores (over 85% in equity) and consolidated profits from the asset management businesses was at Rs. 112 crores as against Rs. 85 crores in FY23.
· Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 3,825 crores as compared to Rs. 3,517 crores in the previous year, representing a growth of 9%. The Company reported a profit after tax of Rs. 169 crores for FY24 as against a profit of Rs. 44 crores in FY23. Profit after tax during FY24 includes net gain of Rs. 71 crores on Fair Value of Equity investments as against net loss on Fair Value of Equity investments of Rs. 105 crores in FY23.
· Sundaram Home Finance continued to grow strongly with disbursements up by 29% to Rs.5,029 crores in FY24. The profit for FY24 was Rs. 236 crores, up by 9% as against Rs.215 crores in FY23.
27, May 2024
Evolution Analytics Awarded Most Innovative Data & Analytics Consultancy by Acquisition International
Chicago, IL, May 27, 2024 –Evolution Analytics, a leading data and analytics consultancy, is proud to announce its recognition as the “Most Innovative Data & Analytics Consultancy” in Acquisition International’s 2024 Business Excellence Awards. This prestigious accolade highlights the firm’s commitment to pioneering solutions in the realm of data science and analytics.
Vince Belanger, a principal at Evolution Analytics, expressed his enthusiasm about the award: “We are truly honored to receive this recognition from Acquisition International. It is a testament to our team’s relentless pursuit of innovation and excellence. At Evolution Analytics, we strive not only to meet the evolving needs of our clients but to exceed them by delivering next-generation solutions that transform data into actionable insights.”
The Business Excellence Awards, hosted annually by Acquisition International, aim to spotlight companies and individuals who demonstrate exceptional performance and innovation within their sectors. Evolution Analytics stood out this year for its comprehensive approach to data and analytics consulting, which encompasses advanced analytics, artificial intelligence (AI), and custom data strategies and solutions tailored to each client’s unique needs.
This award underscores Evolution Analytics’ position as a leader in the industry, and the company remains dedicated to pushing the boundaries of what is possible in data, AI, and analytics.
27, May 2024
Bay Atlantic University Celebrates Graduates and 10th Anniversary
Washington, DC, May 27, 2024 — On Friday, May 17, Bay Atlantic University (BAU) celebrated its graduating Class of 2024 with a Commencement Ceremony marking a decade of excellence. Representing all academic programs, the graduates were honored alongside hundreds of proud family, friends, faculty, and staff. The ceremony was a key element of BAU’s 10th Anniversary Celebrations and was held in the Ballroom of the historic National Press Club, just a few blocks from BAU’s downtown Washington, D.C. campus.
After processing in to Edgar’s “Pomp and Circumstance,” the ceremony got underway with Gjergj Dollani, Bay Atlantic University’s Chief Growth Officer, serving as emcee. Linda Robertson, Chair of the Board, was the first of the Commencement’s speakers. In her address to the graduates, Chairwoman Robertson called attention to the importance of their accomplishments and highlighted the role they will soon have in the world, encouraging them to “move to the head of the line”:
“Your degree from Bay Atlantic University helps you stand out in this next part of your life’s journey.
“You are part of the elite 7.5 per cent of the world’s population who have earned a degree from a higher education institution. Move to the head of the line.
“You are part of a statistically in an even smaller number of world’s Gen Z’s who have earned a degree in a country that is not the country of their birth. Move to the head of the line.
“You are statistically in an even smaller, smaller number of the world’s Gen Z cohort who have graduated from a fully accredited institution from the prestigious New England Higher Education Commission, one of the most prestigious Global Higher Education Accreditation Agencies. Move to the head of the line.”
Chairwoman Robertson also presented Bay Atlantic University’s President, Dr. Sinem Vatanartiran, with a pair of formal symbols of the university as part of the 10th Anniversary celebrations. Mr. Ismail Oz (P’24) generously donated a ceremonial mace and chain, each of which will be used in all future formal academic gatherings.
After graciously accepting the gifts, Dr. Vatanartiran took to the podium to speak to the graduates. She first addressed all those who helped the graduates to arrive where they are today, including family, friends, and faculty, before providing some history for the occasion of Bay Atlantic University’s 10 Year Anniversary. With this context in mind, Dr. Vatanartiran discussed the special place the Class of 2024 has at BAU and offered encouragement as she considered the futures of the graduates as well as the university:
“As we reflect on the past, we are reminded of the countless challenges we’ve overcome, the successes we’ve achieved, and the invaluable contributions of everyone who has been a part of this incredible journey. From our dedicated faculty and staff to our passionate students and supportive alumni, each one of you has played a pivotal role in shaping the identity and spirit of Bay Atlantic University.
“As we look ahead to the next ten years and beyond, I am confident that Bay Atlantic University will continue to thrive and make a positive impact on the world; for the betterment of individuals and our society. Together, let us embark on this journey with courage, determination, and a commitment to excellence.”
Janice Tagoe, Valedictorian of the Class of 2024, served as the Commencement Ceremony’s final speaker. Ms. Tagoe, who graduated summa cum laude with a M.S. in Big Data Analytics, encouraged her fellow graduates to look forward with excitement to the possibilities in store for them, but also to take the time to express gratitude and reflect fondly on their time at BAU:
“Throughout our time at Bay Atlantic University, we have been blessed with opportunities to grow intellectually, socially, and personally. We have engaged in thought-provoking discussions, collaborated on projects that pushed the boundaries of innovation, and forged lifelong friendships with individuals from diverse backgrounds and cultures. These experiences have not only enriched our academic journey but have also shaped us into the well-rounded individuals we are today.
“As we stand on the brink of new beginnings, let us not forget the invaluable lessons we have learned along the way. Let us remember the importance of perseverance in the face of adversity, the power of empathy in building meaningful connections, and the significance of integrity in all our endeavors. These values, instilled in us during our time at Bay Atlantic University, will serve as guiding principles as we navigate the complexities of the world beyond these hallowed halls.”
After Ms. Tagoe received an award in commemoration of her achievement as Valedictorian, the Faculty of the Class of 2024 Award was named. This award, as chosen by the members of the Class of 2024, was given to Dr. Zelalem Mengistu, Professor of Cybersecurity. Presenting the awards was Dr. Michelle Landa, BAU’s Chief Academic Officer, who noted that students appreciated how “Dr. Z” made course content accessible and approachable.
Finally, each graduate had the opportunity to hear their name and degree read aloud, walk across the stage, and shake hands and take a photo with Dr. Vatanartiran. Loud cheers and applause were heard from around the Ballroom for each graduate, as the families and friends gathered showed their support for their own students as well as the other members of the graduating class.
A reception took place immediately afterwards, also hosted at the National Press Club, which included a class book for graduates to sign and numerous photo opportunities. All told, it was a grand celebration befitting the effort and achievements of Bay Atlantic University’s Class of 2024. The full recording of Commencement is available on Bay Atlantic University’s Facebook page and can be accessed here: Bay Atlantic University Commencement 2024.
27, May 2024
Leading PEO, INFINITI HR, Attending PrismHR LIVE 2024 in Nashville
Burtonsville, MD, May 27, 2024 — INFINITI HR, a leading provider of human resources and business process outsourcing solutions, is excited to announce its participation in PrismHR LIVE 2024, the premier event for HR professionals taking place June 2-4, 2024 in Nashville, Tennessee. INFINITI HR will have a prominent presence at the conference that is expected to draw more than 5,000 attendees this year.
Attending on behalf of INFINITI HR are Vice President of Benefits Dawn Cloin, Implementation Manager Jennifer Hardesty, Information Solutions Manager Kim Lathrop, System Analyst Maria Villan, and Senior Business Analyst, Risk Management Jerrica Enriquez. These successful female leaders and subject matter experts will represent the key facets of INFINITI HR’s business from HR, benefits, and recruiting to operations and technology.
The theme for PrismHR LIVE 2024 is “Driving HR Excellence Through Innovation,” which aligns perfectly with INFINITI HR’s commitment to leveraging the latest advancements in HR tech to drive transformation and growth. The INFINITI HR team will be onsite to showcase the company’s newest offerings, including advanced analytics capabilities and an integrated HRIS-payroll platform.
Peers and industry experts from HiringThing, Norton, Omega Benefit Strategies, ClearCo, Crimcheck, Guardian and Nettime Solutions will share how they solve some of today’s biggest challenges for PEOs and ASOs. The learning opportunities are huge and attendees will get access to all the materials and recordings of every single session; 50+ hours of education at their fingertips.
“This conference provides an invaluable opportunity to share our latest innovations and best practices as a leading PEO that help teams work smarter, access meaningful data, and drive greater impact for their organizations,” Cloin said.
27, May 2024
The Future is Here: Gatemaster Tech and Protect Group Partner to Redefine Guest Protection
Arvada, CO, May 27, 2024 — In a groundbreaking move set to redefine guest services within the attractions industry, Gatemaster Technology and Protect Group proudly announce their partnership. This strategic alliance marks a significant milestone in ensuring unparalleled guest satisfaction and attraction revenue protection.
Gatemaster Technology (www.gatemaster.com), renowned for its innovative solutions tailored to the attractions industry, joins forces with Protect Group (www.protectgroup.com), a leading provider of Refund Protection services. Together, they embark on a mission to safeguard attractions’ revenue streams while enhancing guest experiences.
At the heart of this partnership is the integration of Protect Group’s Refund Protection tool into the Gatemaster purchase path. This seamless integration enables attractions to provide comprehensive purchase protection to their valued guests while retaining their original revenue, thereby ensuring peace of mind for both parties. Refund Protection is dynamically priced, ensuring guests get the best price to safeguard their tickets. This unprecedented capability allows attractions to optimize revenue streams without compromising guest satisfaction or financial security.
“This partnership represents a paradigm shift in guest services within the attractions landscape,” says Sondra Shannon, CEO at Gatemaster Technology. “By integrating Protect Group’s cutting-edge solutions into our platform, we’re not only safeguarding attractions’ revenue but also nurturing stronger relationships with guests by prioritizing their financial security.”
“We’re thrilled to collaborate with Gatemaster Technology in pioneering a new era of guest-centric solutions,” expresses Lucille Pickering, Head of North America at Protect Group. “Together, we’re empowering attractions to prioritize guest welfare while safeguarding their own financial interests, thus fostering a more resilient and customer-focused industry.”
This groundbreaking partnership not only elevates guest services within the attractions sector but also underscores the commitment of both Gatemaster Technology and Protect Group to drive innovation and foster mutually beneficial relationships within the industry.
For attractions seeking to enhance guest experiences while safeguarding revenue streams, the partnership between Gatemaster Technology and Protect Group represents a transformative opportunity.
27, May 2024
Cuebiq and Attain Partner to Deliver Unparalleled Campaign Insights with Combined Foot Traffic and Transactional Data
New York, NY, May 27, 2024 — Cuebiq, a leader in location intelligence, has partnered with Attain, the largest US provider of transactional commerce data, to enable brands and agencies a more comprehensive view of the customer journey.
“Cuebiq’s mission is to provide actionable insights about how consumers spend their time. For marketers, this means understanding where people go and how they spend their money. The ability to provide our partners with both location and transactional data measurement not only improves the value of campaign results but also enhances the strategic insights that brands need today. This ensures that every working ad dollar is wisely invested,” said Jon Friedman, Chief Revenue Officer at Cuebiq.
Benefits:
● Unmatched Accuracy: Leverage Cuebiq’s industry-leading foot traffic data for unrivaled precision.
● Actionable Insights: Capture granular, real-time insights into consumer behavior with the addition of Attain’s industry-leading transactional data.
● Powerful Measurement On-Demand: Track key metrics to optimize campaigns for success during flight without delay.
With Cuebiq and Attain, agencies can deliver the following to their brand clients:
● Data-driven decision-making: Optimize campaigns based on real-world outcomes.
● Improved campaign performance: In-flight optimization to drive sales and achieve marketing objectives with a holistic view of the customer journey.
● Maximized ROI: Allocate advertising budgets efficiently and ensure every dollar spent has a measurable impact.
Cuebiq and Attain are committed to empowering agencies with the most comprehensive suite of location intelligence and transactional data solutions available while also maintaining a strict, elevated standard of ethical data collection and privacy standard. This partnership unlocks a new era of marketing effectiveness, allowing advertisers to make smarter decisions and achieve measurable results.
27, May 2024
Grand Marais Art Colony’s Studio 21 Announces the Opening of Sarah Seidelman Exhibition
Grand Marais, MN, May 27, 2024 –– The Grand Marais Art Colony is thrilled to announce the grand opening of Studio 21, a dynamic new space dedicated to fostering creativity and showcasing exceptional art. Studio 21 will feature an exhibition by emerging local artist, Sarah Seidelmann.
Event Details:
– Exhibition Title: “Making Love Visible: The Art of Sarah Seidelmann”
– Opening Reception: June 1, 2024, from 1:00 PM to 2:00 PM
– Exhibition Dates: May 23- June 29, 2024
– Location: Studio 21, Grand Marais Art Colony, 21 West Hwy 61, Grand Marais, MN 55604
Sarah Seidelmann, an emerging artist known for her vibrant and soulful works, will be presenting a collection that captures the essence of her deep connection to nature and spirituality. Her pieces, often characterized by their whimsical themes and bold colors, invite viewers into a world where the wild and the sacred intersect.
“Sarah Seidelmann is one of the four Arrowhead regional artists selected for the Grand Marais Art Colony Studio 21 Gallery this summer. She premiers her work at her exhibit, Making Love Visible beginning with the June 1 opening event.“
The opening reception on June 1 will offer attendees the opportunity to meet Sarah Seidelmann and gain insight into her creative process.
Studio 21 represents the Art Colony’s commitment to expanding its reach and resources to support artists at all stages of their careers. This versatile space will host exhibitions, workshops, and community events, fostering a rich cultural dialogue within the region.
