text stringlengths 10 159k | url stringlengths 19 865 | crawl_date timestamp[s]date 2022-02-01 01:02:23 2024-12-02 05:16:38 | lang stringclasses 1 value | lang_conf float64 0.65 1 |
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ICICI Pru eyes 22% growth in VNB this fiscal
- Country:
- India
ICICI Prudential Life Insurance is on course to meet the target of doubling the value of new business this fiscal from the FY19 levels, as the largest private-sector life insurer expects to continue the good run it had in FY22 and expand the margin by 22 per cent.
It had nearly trebled the net income in the March quarter on the back of robust margin growth from new sales.
The ICICI Group firm had in FY19 set a target of doubling the value of its new business (VNB) by FY23 -- from Rs 1,328 crore in FY19 to Rs 2,650 crore by FY23.
It closed fiscal 2022 with a VNB of Rs 2,163 crore, a growth of 33.4 per cent over FY21, and it expects to grow the same at 22 per cent this fiscal to meet the target. In life insurance parlance, VNB is the key profitability metric and the equivalent of the net interest income for a bank.
Stated differently, VNB is the present value of all future profit at the time of selling a new policy. It's also referred to as new business profit booked by an insurer from selling new premium, the other being income from renewal premium, which totalled Rs 15,036 crore in FY22, up 15 per cent from Rs 13,032 crore in FY21.
Though H1 was impacted badly by the second wave of the pandemic, H2 was much better helping us close the year with a VNB of 33.4 per cent at Rs 2,163 crore. The VNB margin expanded by 28 per cent from 25.1 per cent in FY21. Given that we are off the pandemic now, we're very confident of easily meeting our target of doubling the VNB this fiscal, as we need to grow it only by 22 per cent over FY22, which is easily achievable, NS Kannan, chief executive and managing director of ICICI Prudential, told PTI in an interview on Monday. Kannan, however, added that the insurer paid five times more in COVID-19 claims at Rs 1,000 crore in FY22, net of re-insurance, most of which in the first half. In FY21, the net pandemic claims were only Rs 200 crore. According to brokerage Emkay Global, between fiscal 2019 and 2022, the company has delivered 1.63x VNB growth, led mainly by 64 per cent growth in VNB margins --from 17 to 28 per cent, even though its APE has declined by 100 bps.
It expects the company to marginally miss the VNB target at Rs 2,500 crore or 1.9x of FY19 VNB.
Emkay Global expects limited scope for further VNB margin expansion and the key to achieving the 22 per cent VNB growth target in FY23 will have to be led by APE growth. Kannan said hopefully the pandemic is behind us and there is no fourth wave. Yet we are maintaining Rs 25 crore in additional provisioning for any pandemic eventuality.
ICICI Prudential Chief financial officer Satyan Jambunathan credited the better show in FY22 to the well-balanced product mix wherein 79 per cent of its business came in from savings (48 per cent unit-linked savings, 31 per cent traditional savings), which overall grew 19 per cent to Rs 6,420 crore; 17 per cent from the protection that grew 26 per cent to Rs 1,313 crore and the balance 4 per cent from the group. The protection mix rose from 16.2 per cent of APE (annualised premium equivalent) in FY21 to 17 per cent in FY22. Focus on premium growth and expanding protection business led to the new business sum assured grow 25 per cent to Rs 7.73 lakh crore in FY22, taking the market share to 13.4 per cent from 12.5 per cent in FY21.
Over the weekend, ICICI Prudential reported Rs 185 crore net income for Q4, up from Rs 64 crore a year ago. It has reported a net income of Rs 754 crore for FY22, down from Rs 960 crore in FY21.
Its VNB rose 33.4 per cent to Rs 2,163 crore over FY21, led by a robust 25 per cent growth in new business sum assured at Rs 7.73 lakh crore and 20 per cent in annualised premium equivalent to Rs 7,733 crore.
The total outstanding sum assured stood over Rs 23.5 lakh crore, Jambunathan said, adding AUM stood at Rs 2,40,492 crore, up 12 per cent and the solvency ratio at 204.5 per cent.
Its 13th-month persistency ratio improved to 85.7 per cent for FY22, up from 84.8 per cent in FY21, while the embedded value grew 9 per cent to Rs 31,625 crore and the return on this grew to 15.2 per cent from 11 per cent.
Welcoming the new Irdai chairman Debasish Panda's move to usher in a principal-based regulatory regime, Kannan said the move will allow insurers to make risk-based capital allocation that will be very good for the industry as it will allow them to make fund allocation according to their risk exposure.
On the forthcoming LIC share sale, Kannan said it will be very good for the industry, as it will lead to an improvement in the industry profile, and the weighting in the indices, which will lead to more fund allocation for the insurance sector. He also feels allowing 74 per cent FDI in the sector will begin to play out from this fiscal but he parried a question about whether Prudential is likely to increase the stake in the company, saying that's a call for the promoter shareholders to take.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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War could impede economic recovery; RBI cuts growth projection to 7.2 per cent for FY23: Governor Das. | https://www.devdiscourse.com/article/business/2007303-icici-pru-eyes-22-growth-in-vnb-this-fiscal | 2022-04-18T14:26:35 | en | 0.946784 |
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Sanofi India names Rodolfo Hrosz as new Managing Director
- Country:
- India
Sanofi India on Monday said it has appointed Rodolfo Hrosz as the new Managing Director with effect from June 1.
The company's board, in its meeting held on Monday, has approved the appointment.
Hrosz will transition from being Sanofi's General Manager, Consumer Healthcare business in Brazil to his new role in India as soon as the applicable regulatory approvals are in place, Sanofi India said in a statement.
''We are delighted to have Rodolfo Hrosz join Sanofi India as its Managing Director and look forward to his leading the team in the further development of the company. His wide experience and diverse skills make him eminently suitable for this role and we wish him all the very best for every success in his new assignment,'' Sanofi India Chairman of the Board Aditya Narayan stated.
Hrosz joined Sanofi as General Manager of the Consumer Healthcare business in Brazil in 2017, and has successfully led the organisation through several transformative stages, right from the business unit's inception to it becoming a top growth contributor and a digital-acceleration reference point within the Sanofi Group, it added.
Prior to joining Sanofi, he has worked with Pfizer, LVMH, Heineken, and Procter & Gamble in the USA and in Brazil.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2007306-sanofi-india-names-rodolfo-hrosz-as-new-managing-director | 2022-04-18T14:26:45 | en | 0.97625 |
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Summit Digitel to offer tower sharing infrastructure services to Airtel
- Country:
- India
Digital infrastructure provider Summit Digitel on Monday announced a pact with Bharti Airtel under which the telecom operator will utilise Summit Digitel's tower infrastructure as part of its wireless network rollouts.
Connectivity would reinvent and redefine everything, from how businesses are operated to the way people stay connected, CEO of Summit Digitel Dhananjay Joshi said commenting on the agreement.
''It is our commitment to provide outstanding services to Airtel that result in uninterrupted service across the entire nation,'' Joshi added.
The financial details were not disclosed.
''We are pleased to partner with Summit Digitel and leverage their passive infrastructure as we expand our high-speed networks across the country,'' Bharti Airtel's Chief Technology Officer Randeep Sekhon said.
''We look forward to a longstanding partnership with Summit Digitel,'' he added.
Summit manages over 1,51,000 active sites.
While providing pan-India coverage for 4G, the towers are strategically located for the implementation of 5G, the release added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Hike in Odisha bus fares for second time in 3 weeks
- Country:
- India
The Odisha government on Monday increased fares of buses across all categories, the second time in less than three weeks, as diesel prices continued to skyrocket in the country.
The State Transport Authority (STA), in an order, justified the hike, explaining that diesel prices shot up to Rs 102.22 currently from Rs 98.40 on March 31, the last time when fares were increased.
Fares for ordinary and express categories of buses have been revised by 2 paise per kilometre, according to the STA.
Similarly, fares have risen by 4 paise/km for deluxe and AC deluxe.
Super premium buses will be costlier by 6 paise/km.
Increased fares will be effective from Monday, the STA said.
A ride in an ordinary bus from Baramunda stand in Bhubaneswar to Malkangiri will cost Rs 569, the highest for a journey to any district headquarters from the capital.
Petrol and diesel prices have gone up by Rs 10 per litre each as there have been 14 rate hikes since March 22.
On March 31, the Odisha government had hiked fares by 3 paise per kilometre for ordinary and express categories, by six paise every kilometre for Deluxe and AC Deluxe, and by 9 paise for super premium buses.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Odisha
- Bhubaneswar
- The State Transport Authority
- AC Deluxe
- Baramunda
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Kolkata Port posts 15pc jump in net profit to Rs 120cr
The Kolkata Port has registered a 15 per cent jump in net profit to Rs 120 crore during 2021-22 amid a slowdown in cargo movement due to Covid related disruptions, an official said on Monday.
In 2020-21, the riverine Syama Prasad Mookerjee Port, which was earlier known as Kolkata Port Trust, had posted Rs 104 crore profit.
It has been implementing huge infrastructure modernisation and digital interventions despite project execution headwinds due to Covid, the official said.
The port handled 58.17 million tonne of cargo in FY'22 against 61.36 million tonne in the previous year after iron-ore exports and coal imports declined due to volatility in prices and high logistics freight rate during the year under review.
In 2021-22, 2957 ships were called at Kolkata port against 3189 ships during the year before.
Container traffic registered a growth of 7 per cent to 7.35 lakh twenty-foot equivalent units (TEUs). Railway traffic also rose to 30.18 million tonne from 28.22 million tonne registering a growth of 6.95 per cent.
''This year we have been certified as a great place to work. This prestigious recognition had previously been given to top corporates like IOC, NTPC and Tatas among others,'' SMP Kolkata chairman Vinit Kumar said.
Speaking about business, Kumar said, ''We see revival in trade volume and we expect high single-digit growth in trade volume in the current fiscal. We have finalised projects worth Rs 1700 crore and the process will start within the year.'' ''We have focused on ease of doing business and cost reduction to make the port an attractive destination for trade. These measures helped us successfully receive cargo which was earlier handled from other eastern regional ports of the country,'' he said.
Petro products import by Bangladesh's Mongla Port via Kolkata has begun and this may result in an addition of about one million tonne of cargo for the riverine port, Kumar said.
Kolkata Port is implementing a night navigation system in association with IIT Chennai that will help ships to move in and out of Haldia docks after sundown.
Out of the Rs 1700 crore worth of projects, PPP initiatives will be to the tune of Rs 700 crore while the rest will be executed by the port itself, Kumar said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Haldia
- FY'22
- NTPC
- Bangladesh
- The Kolkata Port
- SMP Kolkata
- Vinit Kumar
- Kolkata Port Trust
- Covid
- Kumar
- Tatas | https://www.devdiscourse.com/article/business/2007332-kolkata-port-posts-15pc-jump-in-net-profit-to-rs-120cr | 2022-04-18T14:27:09 | en | 0.947902 |
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SpiceJet promoter Ajay Singh invests in healthcare startup Flebo.in
SpiceJet promoter Ajay Singh has in his personal capacity invested in healthcare startup Flebo.in that provides sample collection services to medical diagnostic labs, a statement said on Monday.Labs need not hire their own individual home collection agents anymore.
- Country:
- India
SpiceJet promoter Ajay Singh has in his personal capacity invested in healthcare startup Flebo.in that provides sample collection services to medical diagnostic labs, a statement said on Monday.
''Labs need not hire their own individual home collection agents anymore. It (Flebo.in) allows empanelled labs to expand their reach to customers beyond their immediate local area,'' its press release mentioned.
Flebo.in team includes more than 100 trained, well-qualified and customer-centric in-house phlebotomists for home collection of blood and other samples, it noted.
Team being ramped up to several thousands, it added.
Customers can opt for a lab of their choice from a wide range of options available on the mobile friendly website depending on their choice of brand, price and location and fix a suitable time slot between 6 AM to 8 PM on any day of the week, it mentioned.
''Customers can also call on the call centre number 012-44-55-0000 to book their tests,'' it noted.
As Flebo.in takes care of home collection, medical diagnostic labs can concentrate on their core strength of providing high quality pathology, haematology, molecular tests and health packages, it stated. Ajay Singh, Chairman and Founder, Flebo.in, said, “With Flebo.in, we aim to build a one-stop destination for booking healthcare and diagnostic tests with partner labs in as many districts as possible.” Singh is promoter as well as Chairman and Managing Director of SpiceJet airline.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- SpiceJet
- Customers
- Singh
- Founder
- Ajay Singh
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Monetary transmission to banks' interest rates likely to strengthen further: RBI article
Coupled with shorter reset periods, monetary transmission to banks interest rates can, thus, be expected to strengthen further.The central bank said the views expressed in this article are those of the authors and do not necessarily represent the views of the Reserve Bank of India.
The Reserve Bank's endeavour to improve monetary policy transmission by banks has gained traction, especially with the advent of the EBLR regime in October 2019 and the pace is likely to strengthen further, an RBI article said.
Earlier, the internal benchmark-based lending rate regimes had faced a multitude of issues, such as arbitrariness in the calculation of the base rate/MCLR and spreads; long reset clauses, which inhibited efficient monetary transmission, the article published in the RBI Bulletin April 2022 said.
Monetary policy transmission to lending and deposit rates has improved in the external benchmark linked lending rate (EBLR) regime, facilitated by an accommodative monetary policy stance, large surplus liquidity conditions and subdued credit offtake.
The framework for pricing of loans under an external benchmark system improved the extent and pace of adjustment in lending and deposit rates in response to changes in policy repo rate.
The external benchmark linked lending rate (EBLR) system has also accelerated the pass-through to MCLR-linked loans, as changes in the benchmark rates lead banks to proactively adjust their deposit rates to protect their NIMs, thereby improving transmission to overall lending and deposit rates, the article said. Thus, the impact of the introduction of external benchmark-based pricing of loans on monetary transmission has been felt across various sectors, encompassing even those sectors that are not directly linked to external benchmark-based loan pricing and this has been corroborated by empirical analysis undertaken in this paper.
Looking ahead, it said, ''the proportion of loans linked to external benchmarks is expected to increase further along with a commensurate fall in the internal benchmark linked loans. Coupled with shorter reset periods, monetary transmission to banks' interest rates can, thus, be expected to strengthen further''.
The central bank said the views expressed in this article are those of the authors and do not necessarily represent the views of the Reserve Bank of India.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Reserve Bank
- India
- EBLR
- MCLR
- The Reserve Bank's
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India's textile export could touch USD 60 billion due to the exemption of customs duty on cotton in FY23: HEWA
The Home Textile Exporters Welfare Association (HEWA) claimed in a statement that India's annual textile export in the fiscal year 2023 is anticipated to reach USD 60 billion, with the government fully exempting imports of cotton from customs duties till September 30, 2022.
- Country:
- India
New Delhi [India] April 18 (ANI/PNN): The Home Textile Exporters Welfare Association (HEWA) claimed in a statement that India's annual textile export in the fiscal year 2023 is anticipated to reach USD 60 billion, with the government fully exempting imports of cotton from customs duties till September 30, 2022. HEWA, an apex body of the home textile exporters and manufacturers said the exemption would benefit the entire textile value chain--yarn, fabric, garments, and made-ups--and provide relief to the consumers. The move will also ease the pressure on demand, and stability in raw cotton prices, and end the volatile situation persisting for the last six months, thereby helping the textile exporters achieve splendid growth in FY23.
India witnessed a significant rise in textile export to the tune of USD 43 billion in 2021-22 compared to USD 33 billion in 2020-21 following various policy initiatives such as the extension of RoSCTL, the introduction of the RoDTEP scheme, Technical Textile Mission, PLI Scheme, PM-MITRA, releasing of due and arrears by the government and the geo-economic shift post-pandemic, stated HEWA. The textile exports in 2022 could have been much higher had there not been a sharp rise in the cotton prices from October 2021. The price of the Shanker 6 variety increased from Rs 59,000 per cotton candy of 365 kg to Rs 95,000 per candy till April-2022.
HEWA has urged the government to stop the uncontrolled exports of raw materials to nations such as China and Bangladesh, which disrupt the supply-demand cycle of raw materials in India. The government must remove raw material incentives to boost exports of value-added commodities and maintain employment equilibrium in the textile industry. Value addition and finished goods can generate ten times the number of job possibilities and more than twice the amount of revenue in exports. This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2007352-indias-textile-export-could-touch-usd-60-billion-due-to-the-exemption-of-customs-duty-on-cotton-in-fy23-hewa | 2022-04-18T14:27:32 | en | 0.920998 |
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India faces global challenges from position of strength: RBI article
Flagging risks of disruptive spillovers from geopolitical hostilities, an RBI article on Monday said India faces these challenges from a position of strength built on broadened vaccine coverage, financial sector resilience and robust exports.
The article on 'State of the Economy', published in the April 2022 RBI Bulletin, said India enters Samvat 2079 having crested the third wave of the pandemic with economic activity returning to speed in several sectors.
These gains are, however, at risk from disruptive spillovers from geopolitical hostilities as increasingly evident in inflation prints, tightening financial conditions and a terms of trade shock accompanied by portfolio outflows.
''India faces these challenges from a position of strength built on broadened vaccine coverage, financial sector resilience, robust export and remittances and fiscal reprioritisation to spur capital spending on infrastructure,'' it noted.
Going forward, spurring private investment remains a key thrust area for sustaining growth on a durable basis, it pointed out.
The RBI, however, said views expressed in the article are those of the authors and do not necessarily represent the opinion of the central bank.
The authors said the near-term global outlook appears grim, caught up in a vortex of geopolitical risks materialising rapidly, strained supply chains and the quickening pace of monetary policy normalisation.
They added that the Indian economy is not immune to these negative externalities.
The surge in commodity prices is already posing inflation risks, especially through the conduit of surging imports.
Rapidly widening trade and current account deficits co-existing with portfolio capital outflows weigh on external sustainability, although the strength of underlying fundamentals and the stock of international reserves provide buffers.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- 'State of Economy'
- India
- Indian | https://www.devdiscourse.com/article/business/2007355-india-faces-global-challenges-from-position-of-strength-rbi-article | 2022-04-18T14:27:40 | en | 0.929257 |
Sterlite Power picks up majority stake in MTCIL
Sterlite Power on Monday said it has acquired a 64.98 per cent equity stake in Maharashtra Transmission Communication Infrastructure Limited.
The company said in a statement that it has ''acquired this equity stake from Sterlite Technologies Limited (STL).'' Without sharing any further details, Sterlite Power said the acquisition is in line with its strategy to establish a strong Optical Ground Wire (OPGW) fibre network in the country.
MTCIL (Maharashtra Transmission Communication Infrastructure Limited) operates a fibre network of 3,162 kms, serving telcos, ISPs (internet service providers) and data centres in Maharashtra.
Pratik Agarwal, managing director, Sterlite Power, said, ''OPGW fibre networks offer a reliable data delivery solution and help leverage the existing power utility infrastructure for telecommunications purposes. Such large-scale OPGW fibre roll out is essential to achieve the 'digital India' vision aimed at transforming the country into a digitally empowered society and knowledge economy.'' Sterlite Power, a private sector transmission infrastructure developer and solutions provider, has a portfolio of 28 projects covering around 13,950 circuit kms of transmission lines across India and Brazil.
The company also manufactures high-performance power conductors, extra high voltage cables and optical ground wires.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Tickets to National Rail Museum will now be available online
There are variety of rides like Joy Toy Train ride, 3D Virtual Coach ride, other simulators ride with steam, diesel and electric locomotive.NRM sees around five lakh visitors every year and showcase how Indian Railways helped in unification and progress of India as a nation.
- Country:
- India
Tickets to the National Rail Museum will now be available online with visitors booking their slots on the website of the Museum in advance, the Railways said on Monday. The online ticketing system for NRM was launched by V K Tripathi, Railway Board Chairman & CEO, in presence of R N Singh, Railway Board Secretary, here today on the occasion of World Heritage Day.
National Rail Museum represents 169 years of rich heritage of Indian Railways. Emulating the setting of a railway yard, the outdoor gallery houses a variety of steam, diesel and electric locomotives along with fascinating collection of royal saloons, wagons, carriages, armoured trains, rail cars and a turntable. Interactive displays and models exhibited inside the Indoor gallery displays the remarkable stories related to early modes of transportation till date. There are variety of rides like Joy & Toy Train ride, 3D Virtual Coach ride, other simulators ride with steam, diesel and electric locomotive.
NRM sees around five lakh visitors every year and showcase how Indian Railways helped in unification and progress of India as a nation. The objective for introducing the online ticketing is to eliminate queues for the visitors which in turn aimed to reduce wait time and other benefits bringing NRM on par with Delhi’s best public and private museums and galleries, the Railways said.
Visitors can also experience the train/engine simulator rides with slot booking. The customer can use multiple payment modes i.e., Credit/Debit cards, Net banking, Wallets, UPI etc. Counter booking is also enabled with POS machines for digital payments, it said. The QR code enabled tickets can even be scanned through the Mobile App provided to the Ticket checking staff at the different counters for facilitating the easy entry and joyful visit of visitors, it said.
Museum remains open from Tuesday to Sunday (10:00 hours to 17:00 hours) and with the beginning of online ticketing, visitors can avail online ticket booking facility though website– www.nrmindia.org.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Business briefs
Food and beverage company Wingreens, whose brands include Raw Pressery and Monsoon Harvest, on Monday said it has appointed Ramesh Menon as the group CEO.Menon will head the group with over 1,000 employees, including all subsidiaries and brands, the company said in a statement.Prior to joining Wingreens, Menon served as the CEO of Radio and Digital innovation businesses at HT Media.Wingreens is poised to be the next giant in the packaged FB sector and is already making its presence felt in markets outside India.
Food and beverage company Wingreens, whose brands include Raw Pressery and Monsoon Harvest, on Monday said it has appointed Ramesh Menon as the group CEO.
Menon will head the group with over 1,000 employees, including all subsidiaries and brands, the company said in a statement.
Prior to joining Wingreens, Menon served as the CEO of Radio and Digital innovation businesses at HT Media.
''Wingreens is poised to be the next giant in the packaged F&B sector and is already making its presence felt in markets outside India. You can expect that there will be many more exciting brands that will soon be joining our growing portfolio,'' Menon said. *** Eduvacancy raises USD 200K from angel investors * Job search platform Eduvacancy on Monday announced that it has raised USD 200,000 in angel funding from a group of high net worth individuals, who are also active early stage investors in startups.
The firm, founded in April 2021, has over 3,50,000 registered job seekers, 12,500 job providers listed, and over 25,000 vacancies from the education sector, the company said in a statement.
''There is a huge opportunity out there waiting to be tapped and its time we focused on building the right suite of features and high quality, consistent experience delivery,'' Eduvacancy co-founder and CEO Manav Shah, said.
*** Vanillic acid can prove to be therapy for Parkinson's disease, finds study * Vanillic acid, a common flavouring agent used in confectionery items, can prove to be a promising therapy for the treatment of Parkinson's disease, according to a study done by researchers at Lovely Professional University.
Researchers said that animal studies have shown vanillic acid can be converted into a pharmaceutical formulation that may help patients with Parkinson's disease in improving their quality of life.
Even the routine consumption of this agent in the form of confectionery items may also benefit Parkinson's disease patients in improving their condition but further studies are required in this direction, the researchers added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2007381-business-briefs | 2022-04-18T14:27:57 | en | 0.962408 |
India's sugar exports rise by 64.90 per cent to $4.6 billion in 2021-22
India's sugar exports surged by 64.9 per cent to $4.6 billion in the financial year 2021-22 from $2.79 billion recorded in the previous year, the government data showed on Monday.
- Country:
- India
India's sugar exports surged by 64.9 per cent to $4.6 billion in the financial year 2021-22 from $2.79 billion recorded in the previous year, the government data showed on Monday. As per data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), India exported sugar to 121 countries across the world during the financial year ended March 2022.
Sugar export has increased by 291 per cent since Prime Minister Narendra Modi Government came into power in 2014. In 2013-14, sugar exports stood at $1.17 billion. This rose to $4.6 billion in 2021-22, which is 291 per cent higher when compared with the exports during 2013-14. During 2021-22, sugar exports surged by 64.90 per cent year-on-year despite logistical challenges posed by COVID-19 pandemic in the form of high freight rates and container shortages, among others.
India is the world's second-largest sugar producer after Brazil. Since 2010-11, India has consistently produced surplus sugar, comfortably exceeding the domestic requirements. The record exports would enable the sugar producers to reduce their stocks and would also benefit the sugarcane farmers, as the increased demand for Indian sugar is likely to improve their realisations, the Ministry of Commerce and Industry said in a statement. In 2021-22 (April-February), India exported sugar worth of $769 million to Indonesia, followed by Bangladesh ($561 million), Sudan ($530 million) and UAE ($270 million).
Somalia, Saudi Arab, Malaysia, Sri Lanka, Afghanistan, Iraq, Pakistan, Nepal, China, USA, Singapore, Oman, Qatar, Turkey, Iran, Syria, Canada, Australia, South Africa, Germany, France, New Zealand, Denmark, Israel, Russia and Egypt were the major importers of Indian sugar during the year. Uttar Pradesh, Maharashtra and Karnataka account for nearly 80 per cent of the total sugar production in the country. The other major sugarcane-producing states are Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Tamil Nadu, Bihar, Haryana, and Punjab. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2007390-indias-sugar-exports-rise-by-6490-per-cent-to-46-billion-in-2021-22 | 2022-04-18T14:28:06 | en | 0.945897 |
SAT admits Chitra Ramkrishna's plea against Sebi order; directs NSE, Ramkrishna to deposit money
The Securities Appellate Tribunal (SAT) has admitted former NSE chief Chitra Ramkrishna's plea against a Sebi order in relation to governance lapses at the bourse and directed her to deposit an amount of Rs 2 crore.
The appellate tribunal also directed NSE to deposit more than Rs 4 crore towards leave encashment and deferred bonus of Ramkrishna in an escrow account as against Sebi's direction where the amount was to be parked in the Investor Protection Fund Trust.
In an order, dated February 11, that had wider ramifications, Sebi slapped a penalty of Rs 3 crore on Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its Managing Director and Chief Executive Officer.
Besides, the watchdog had asked NSE to forfeit the excess leave encashment of Rs 1.54 crore and the deferred bonus of Rs 2.83 crore of Ramkrishna, and the amount was to be deposited in the Investor Protection Fund Trust.
Passing a four-page order, dated April 11, after accepting an appeal filed by Ramkrishna, SAT said that various questions raised would be considered at the time of hearing of the appeal.
It also directed Sebi to submit its reply within four weeks. SAT has listed the case for hearing on June 30.
''However, considering the fact and circumstances that has been brought on record and to balance the equities as well as balance of convenience, we direct NSE... to deposit Rs 4.73 crore towards leave encashment and deferred bonus of the appellant in an escrow account of instead of depositing it in the Investor Protection Fund Trust,'' SAT said.
It also noted that such a deposit in the escrow account would be subject to the result of the appeal.
Further, SAT directed Ramkrishna to deposit a sum of Rs 2 crore within six weeks from today (April 11). ''If such an amount is deposited, the balance amount shall not be recovered during the pendancy of the appeal,'' it noted and dismissed the stay application.
Ramkrishna's counsel C S Vaidyanathan contested Sebi's decision to levy fine under Section 23A of the Securities Contract Regulation Act (SCRA).
He argued that this provision, being prospective, could not apply to any violation which was committed prior to the amending Act and therefore the penalty under this head was ''incorrect and could not be sustained''.
According to the counsel, Sebi passed the order without granting an opportunity of hearing which was violative of Article 14 Constitution of India.
Further, he argued that the regulator had no power to interfere in the autonomy or internal management of NSE Limited.
Apart from penalising Ramkrishna in the governance lapses case, Sebi had imposed penalty on Ravi Narain, who was the predecessor of Ramkrishna, and others. Further, Ramkrishna has been restrained from associating with any market infrastructure institution or any intermediary registered with Sebi for a period of three years, while the same for Narain is two years.
In its 190-page order, passed on February 11, Sebi found that Ramkrishna was steered by a yogi dwelling in the Himalayan ranges in the appointment of Subramanian. Ramkrishna referred the yogi as 'Sironmani' and according to her, yogi is a spiritual force who has been guiding her for the past 20 years on personal and professional matters.
Besides, Ramkrishna had shared certain internal confidential information, including financial and business plans of NSE, dividend scenario, financial results with the yogi and even consulted him over the performance appraisals of the exchange's employees.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Ravi Narain
- Chitra
- SCRA
- C S Vaidyanathan contested Sebi's
- India
- the Investor Protection Fund Trust
- Himalayan
- amending Act
- Sebi
- Section 23A
- Investor Protection Fund Trust
- Anand Subramanian
- Article 14 Constitution
- Ramkrishna
- Securities Contract Regulation Act
- The Securities Appellate Tribunal
- Investor Protection Fund Trust | https://www.devdiscourse.com/article/business/2007393-sat-admits-chitra-ramkrishnas-plea-against-sebi-order-directs-nse-ramkrishna-to-deposit-money | 2022-04-18T14:28:14 | en | 0.966782 |
BSE StAR MF processes record 30.11 lakh transactions in single day
Leading stock exchange BSE on Monday said its mutual fund distribution platform StAR MF has processed a record 30.11 lakh transactions in a single day on Monday.It surpassed its previous best single-day record of 29.9 lakh transactions which was registered on April 11, the exchange said in a statement.Every transaction counts
Leading stock exchange BSE on Monday said its mutual fund distribution platform StAR MF has processed a record 30.11 lakh transactions in a single day on Monday.
It surpassed its previous best single-day record of 29.9 lakh transactions which was registered on April 11, the exchange said in a statement.
''Every transaction counts! And this adds value consistently to the journey of BSE StAR MF. The growth in transaction has only been possible because of the increasing participation of investors, thereby strengthening mutual fund distribution. We look forward to a robust journey together,'' Snehal Dixit, Business Head-Mutual Funds, BSE StAR MF said.
In March, BSE StAR MF processed a record 1.97 crore transactions against its previous best of 1.87 crore transactions in January.
In the entire FY 21-22, the mutual fund distribution platform processed 18.47 crore transactions as against 9.38 crore achieved in the preceding financial year.
Besides, the platform registered 10.89 lakh new systematic investment plans (SIPs), amounting to Rs 250 crore, last month, the exchange said.
The exchange had launched BSE StAR MF app to help distributors and independent financial advisors to register clients on a real-time basis.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- lakh new systematic
- BSE StAR MF
- Snehal Dixit
- StAR MF | https://www.devdiscourse.com/article/business/2007400-bse-star-mf-processes-record-3011-lakh-transactions-in-single-day | 2022-04-18T14:28:22 | en | 0.938062 |
RailTel bags work order worth Rs 11.57 Cr to install MPLS VPNs at 33 RVNL locations
These services have now assumed more importance as enterprises are turning to cloud-based applications.VPNs based on MPLS are an excellent option for connecting to cloud-based services because of their inherent security characteristics, scalability, availability of infrastructure and capabilities for prioritising traffic.It is more reliable and secure than the public internet and is an optimum way to connect to the cloud.This MPLS VPN network will enable digitalisation of RVNL offices by making them more secure, efficient, transparent and contributing towards enhanced productivity.RailTel has a pan-India high-capacity OFC network and using this network, it delivers MPLS VPN services.
RailTel Corporation of India, a Mini Ratna central government PSU under the Ministry of Railways, has received a work order from Rail Vikas Nigam Limited (RVNL) worth Rs 11.57 crore for the installation of multi-protocol label switching (MPLS) virtual private networks (VPNs) at 33 locations across the country.
According to the work order agreement, the MPLS VPN network services will be created and maintained by RailTel at 33 locations of the RVNL.
The services will be provided for a period of five years. RailTel shall provide 24x7 customer care support as a part of the service, according to a statement issued by the company.
MPLS VPN is a flexible method to transport and route several types of network traffic using MPLS backbone. These services have now assumed more importance as enterprises are turning to cloud-based applications.
VPNs based on MPLS are an excellent option for connecting to cloud-based services because of their inherent security characteristics, scalability, availability of infrastructure and capabilities for prioritising traffic.
It is more reliable and secure than the public internet and is an optimum way to connect to the cloud.
This MPLS VPN network will enable digitalisation of RVNL offices by making them more secure, efficient, transparent and contributing towards enhanced productivity.
''RailTel has a pan-India high-capacity OFC network and using this network, it delivers MPLS VPN services. The MPLS VPN network is contributing towards enhancing productivity and helping to synergise the total operational processes. Users of MPLS VPN are assured of a high Quality of Service (QoS) for their internet connectivity and as a result, the apps and software that are on the cloud perform seamlessly,'' Puneet Chawla, CMD, RailTel, said.
''As enterprises are turning to cloud-based applications and services, MPLS VPN is the best way to connect them with better security. We expect a further revenue growth from these kind of services, given the digitalisation thrust across all enterprises,'' he added.
RailTel is also providing MPLS VPN network services in a very big way at various locations of all the subsidiaries of Coal India Limited. Apart from MPLS VPN, RailTel also provides internet lease line (ILL) services, internet bandwidth, CCTV implementation, HD video conferencing and LAN or WAN connectivity solutions to its clients, Chawla said.
RailTel is a prominent information and communications technology (ICT) provider and one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fibre network of 61,000 plus route km on exclusive right of way (ROW) along railway tracks.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2007404-railtel-bags-work-order-worth-rs-1157-cr-to-install-mpls-vpns-at-33-rvnl-locations | 2022-04-18T14:28:30 | en | 0.937479 |
India will consume semiconductors of $80 bn to manufacture electronics worth $300 bn: MoS IT
India will consume semiconductors of around USD 70-80 billion to manufacture electronics products worth USD 300 billion by 2026 as envisaged in the governments vision document, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday.The minister said the government will achieve the target of establishing a semiconductor ecosystem in the country based on the interest it is getting from around the globe.Demand for digital devices and electronics products is only going up.
India will consume semiconductors of around USD 70-80 billion to manufacture electronics products worth USD 300 billion by 2026 as envisaged in the government's vision document, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday.
The minister said the government will achieve the target of establishing a semiconductor ecosystem in the country based on the interest it is getting from around the globe.
''Demand for digital devices and electronics products is only going up. If you have seen our electronics vision document, we have announced a target of USD 300 billion in electronic manufacturing, with USD 120 billion in exports. Our own consumption, based on USD 300 billion electronics (production target by 2026), will be almost USD 70-80 billion of semiconductors,'' he said.
The minister was speaking on the eve of announcing the first conference on setting up the semiconductor ecosystem in the country -- Semicon India 2022, which will be organised by the government in Bengaluru from April 29 to May 1.
Ministry of Electronics and IT joint secretary Amitesh Sinha informed that the conference will be virtually inaugurated by Prime Minister Narendra Modi.
Chandrasekhar said he is expected to sign several memorandum of understanding with leading companies in the semiconductor space during the conference.
The government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore under the Semicon India Programme, which entailed incentives to the tune of Rs 76,000 crore.
Vedanta Foxconn JV, IGSS Ventures and ISMC have proposed to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought the support of USD 5.6 billion from the Centre under the Rs 76,000 crore Semicon India Programme.
Vedanta and Elest have proposed to set up display manufacturing units -- used in mobile phones, laptops etc -- with a projected investment of USD 6.7 billion. They have sought the support of USD 2.7 billion from the government under the scheme for setting up display fabs in India.
Chandrasekhar said the applications are being processed at the moment and declined to provide any estimated timeline for their approval.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2007418-india-will-consume-semiconductors-of-80-bn-to-manufacture-electronics-worth-300-bn-mos-it | 2022-04-18T14:28:38 | en | 0.94698 |
IISM Launches Landmark New Course for Sports Science
Chennai, Tamil Nadu, India NewsVoir Indias leading sports management college, International Institute of Sports Management IISM has announced the launch of landmark new courses in Sports Science to meet the growing demands of the field in the coming years.
Chennai, Tamil Nadu, India (NewsVoir) India’s leading sports management college, International Institute of Sports Management (IISM) has announced the launch of landmark new courses in Sports Science to meet the growing demands of the field in the coming years. In line with this announcement IISM has unveiled its two new programmes: Bachelor in Sports Science (BSS) and Masters in Sports Science (MSS), which will be launched from the 2022-23 academic year. IISM, founded by former India international cricketer Nilesh Kulkarni, has been a pioneer in Sports Management Studies for about 12 years. In line with continuing its pioneering initiatives, IISM in conjunction with the University of Mumbai has come up with the two new programmes which will help match the ever-expanding field of sports. “There are significant lessons to be learned from the time we have spent fighting the pandemic over the last couple of years. It was therefore important to have a course which includes an element of science which has become an inalienable part of Sports as a whole,” said Mr. Nilesh Kulkarni, Founder Director of IISM. “This is a landmark moment for the Indian sports community. It is just one example of how IISM is always at the forefront of providing education in courses which will impact tomorrow, rather than today.” The course has been developed by IISM & guided by a number of industry experts including former Indian cricket team physio John Gloster, currently with Indian Premier League (IPL) franchise Rajasthan Royals; former Indian team doctor Dr. Anant Joshi; noted medical practitioners, Dr.AadilChagla and Dr.Pralay Mujumdar along with former BCCI official Professor Ratnakar Shetty are part of the advisory board. Apart from these respected individuals a number of other industry professionals will be involved in delivering the course. Get to know more about the advisory board from here www.iismworld.com/advisory-board-school-of-science. This course is being viewed as the perfect launchpad for careers in various sporting organisations including in the Government sector like Sports Authority of India (SAI), Khelo India, Fit India, sports federations apart from various sporting associations and private sectors in Sports Science field. The course was launched on April 14, 2022. More details about the course details will be available here www.iismworld.com/school-of-science. About IISM To generate interest in both the sports and the field of play in the coming generations of this new India, former bowler of the Indian Cricket Team, Nilesh Kulkarni and his wife Rasika Kulkarni founded International Institute of Sports Management (IISM) in the year 2010. IISM was conferred the 'Rashtriya Khel ProtsahanPuruskar' in the year 2020. IISM for the last three years has been the Knowledge Partner in the ''Khelo India'' programme and has contributed to preparing SOP for both the Khelo India Youth Games and Khelo India University Games. Nilesh Kulkarni, the Founder and Director of IISM, has been the Captain of the Mumbai Ranji team. He has represented India in cricket many times and has also contributed to county cricket in the nineties. He holds the unique record of taking a wicket on the first ball in Test Cricket for India. Till date 1800 students from IISM are making a name for themselves alongside making the country proud by becoming successful Sports Management Professionals across the globe. Image: IISM launches landmark new course for Sports Science PWR PWR
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- John Gloster
- Khelo
- Indian Cricket Team
- Sports Management Professionals
- Nilesh Kulkarni
- Sports Management Studies
- Anant Joshi
- Tamil Nadu
- Fit India
- Indian
- International Institute of Sports Management
- Sports
- India
- BCCI
- Sports Authority
- Khelo India University
- the University of Mumbai
- India Youth Games
- Khelo India
- Rasika Kulkarni | https://www.devdiscourse.com/article/education/2007321-iism-launches-landmark-new-course-for-sports-science | 2022-04-18T14:28:46 | en | 0.944765 |
JUTA teachers threatened, TMCP leader says he is being framed
After Aliah University, the student wing of the ruling TMC got involved in a controversy over an audio clip in which one of its leaders is heard allegedly threatening some teachers of Jadavpur University for reportedly working against the interests of Trinamool Congress Chattra Parishad TMCP went viral on Monday.The alleged threats prompted JUTA, the universitys largest teachers body against which the ire of the TMCP leader was directed, to voice its concern about a larger conspiracy to vitiate the atmosphere in the campus of the prestigious educational institute.
- Country:
- India
After Aliah University, the student wing of the ruling TMC got involved in a controversy over an audio clip in which one of its leaders is heard allegedly threatening some teachers of Jadavpur University for reportedly working against the interests of Trinamool Congress Chattra Parishad (TMCP) went viral on Monday.
The alleged threats prompted JUTA, the university's largest teacher's body against which the ire of the TMCP leader was directed, to voice its concern about a ''larger conspiracy to vitiate the atmosphere'' in the campus of the prestigious educational institute. JUTA also expressed apprehension about the safety of the teachers in the university premises. In the clip the TMCP leader is heard threatening to grab the collars of some teachers loyal to Jadavpur University Teachers Association (JUTA) if they did not mend their ways.
The veracity of the audio clip could not be confirmed by PTI and the TMCP leader said it was doctored and that he was being framed.
The incident comes close on the heels of the incident in which the Vice-chancellor of Aliah University, Mohammad Ali was abused earlier this month by a former TMCP leader in the campus which sparked a national outrage. It led to the arrest of the student leader. ''We are getting step-motherly treatment at JU. We know who are responsible for this. We know which teachers of JU are responsible. If I have to grab the collar of such teachers, I will. Most of those present here don't know what I am and what I can do,'' Sanjib Pramanick, the TMCP leader is allegedly heard saying in the audio clip.
Pramanick told PTI that the voice was not his and the audio was doctored as part of a ''larger conspiracy to malign TMCP''. He blamed Left wing students and a section of Left leaning teachers of the university and said they do not want TMCP to set up base in JU. ''It was a 30-second audio (clip) and was a counter to the abusive language used against me by the leader of a Left student organisation a week ago,'' he said.
TMCP state president, Trinankur Bhattacharya when asked said ''We are not sure if the voice in the audio clip is Sanjib's''.
It is not possible to comment on unverified contents which might have been circulated with a certain motive. ''TMCP never believes in showing any disrespect to the teaching community,'' he added.
JU Vice-chancellor Prof Suranjan Das could not be contacted for his comments. A JUTA statement said, ''Is the Jadavpur University teaching community under threat? Shocking Audio.
Its general secretary Parthapratim Roy said certain ''disturbing developments'' took place in JU in the last few months which are vitiating the friendly relations that have always existed between members of the larger JU community. ''In the received audio file it can be clearly heard that a student leader of JU TMCP is threatening JU teachers, specifically those who are members of JUTA. After this audio can JU teachers feel safe? ''If anything happens to any of the teachers, who will take the responsibility? Is it a part of a big conspiracy against the JU teaching community? We strongly believe that the majority of students are not related to these activities and they respect all teachers of the university,'' he said.
Roy said it has been noticed that vice-chancellors and teachers are being subjected to abuse and attacks by some student leaders in other academic institutions. ''Is the same culture going to be introduced in JU too?'' he asked and recounted the insult meted out to a group of JUTA teachers, including some lady teachers, when they were returning after meeting the JU VC by a section of the non-teaching staff, some them casual employees. ''These people taunted the JUTA teavhers and even blew horns to insult them,'' Roy said. ''The JU teaching community has always raised its voice against various social problems of West Bengal and the country. It seems that there is a definite plan afoot to stop these voices. But we will continue to raise our voices against crimes and other social problems even if we are attacked by violent and evil forces,'' he said when contacted.
Educationist Pabitra Sarkar told PTI that the incident is not surprising after the abuse of the Aliah University VC by former TMCP leaders. ''A section of the ruling party students union members are not afraid of beating up, grabbing collars, slapping or using foul language against teachers of their universities and colleges. We have to see more such things in future unless there is an end to politcisation of campuses and the ruling establishment stops turning a blind eye to such incidents.'' PTI SUS KK KK KK
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/education/2007358-juta-teachers-threatened-tmcp-leader-says-he-is-being-framed | 2022-04-18T14:28:55 | en | 0.975657 |
HC stays univ. order demanding affiliation fee
Hence, it should be quashed in the interest of the educational institutions as well as the students. Moreover, it would affect the fundamental right of the petitioners to establish and run educational institutions under Article 301 of the Constitution, they added.
- Country:
- India
The Madras High Court on Monday stayed the operation of the notices of the University of Madras, which demanded payment of continuation of affiliation fee in respect of the courses offered by the autonomous colleges in Chennai.
Justice Anita Sumanth granted the injunction while admitting a batch of writ petitions from Loyola College, Madras Christian College, Women's Christian College, New College and Stella Maris College, challenging the notices issued in March this year.
Petitioners contended that the University has arbitrarily fixed the fee without considering any of the parameters to be followed in such cases. It suffered from non-application of mind. If the University collected the bulk and hefty fee, it would result in heavy revenue loss and financial deficit and would cripple the functioning of the colleges. Hence, it should be quashed in the interest of the educational institutions as well as the students. Moreover, it would affect the fundamental right of the petitioners to establish and run educational institutions under Article 30(1) of the Constitution, they added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Chandigarh University hosts 8th Corporate Advisory Board to mark the 75th Azadi ka Amrit Mahostav | https://www.devdiscourse.com/article/education/2007436-hc-stays-univ-order-demanding-affiliation-fee | 2022-04-18T14:29:03 | en | 0.947069 |
Another house offered to Khargone woman whose PMAY home was razed post-riots
- Country:
- India
Authorities in the violence-hit Khargone city of Madhya Pradesh have offered another house to an elderly woman whose home, built under the Pradhan Mantri Awas Yojana (PMAY), was demolished by the district administration during a drive against the properties of the suspected riot accused, her son said on Monday.
However, the affected family has rejected the offer as of now citing security concerns and the administration said no formal order has been issued with regards to their relocation.
The woman, Hasina Fakhroo (60), whose demolished home was constructed on a piece of government land in the Khaskhaswadi area, has been offered a house in a multi-story building in Indira Nagar, which is also built under the Centre's housing scheme.
The woman's son, Amzad Khan, told PTI, "Officials from the municipal body visited us and offered a house in a multi-story building in Indira Nagar." "However, at present because of concern over security, we have declined the offer," Khan said.
Sub-divisional magistrate (SDM) Milind Dhoke said as the woman was poor, they would act on the matter as per directives of the state government.
Chief municipal officer (CMO) Priyanka Patel, however, said so far, no formal order has been issued in the matter.
The house was demolished by a bulldozer after communal riots broke out in the city on April 10 during Ram Navami celebrations.
The residential structure was demolished on Monday (April 11) by the authorities during a drive against ''illegal'' homes and shops of those who were allegedly involved in the riots, which had led to the imposition of a curfew in Khargone.
Patel had then said, "The house under PMAY about which things are coming out repeatedly...(in media) the fact is, this house was sanctioned at some other place. It was meant for residential purposes but when our team went inside, it found that it was being used for some other purpose. Nobody was living there.'' "They have constructed the house on government land while they got approval under PMAY at a different place. A case of encroachment on government land was going on in the tehsil court in the matter. The tehsildar had issued orders for its removal after which it was demolished,'' the chief municipal officer had said.
Hasina Fakhroo has admitted that a notice was given to her family by the tehsildar and the land in question does not belong to her though they were residing on it for years.
The notice for removal of the encroachment on the government land was served to the woman in March as well as on April 7 and it was executed on Monday (April 11), an official said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Union Cabinet approves Rs 5,911 cr for Pradhan Mantri Gram Swaraj Abhiyan till 2025-26: I&B Minister Anurag Thakur. | https://www.devdiscourse.com/article/entertainment/2007286-another-house-offered-to-khargone-woman-whose-pmay-home-was-razed-post-riots | 2022-04-18T14:29:10 | en | 0.988971 |
Merck Foundation CEO to Launch Their First TV Program "Our Africa by Merck Foundation" to Address Social and Health Issues Through African Fashion and Art
Mumbai, Maharashtra, India & Nairobi, Kenya – Business Wire India • Merck Foundation launches its first-ever TV program called - “Our Africa by Merck Foundation” to create a culture shift by raising awareness about a wide range of social and health challenges in our communities such as: Diabetes, Ending Child Marriage, Supporting Girl Education, Women Empowerment, Stopping GBV, Ending FGM and Breaking Infertility Stigma, among other social and health issues affecting the continent.
• Merck Foundation through their “Our Africa” TV program, has established the first ‘Fashion and Art community with Purpose’ community to break the silence and be the voice of the voiceless about many critical and sensitive social and health issues in Africa and beyond. Merck Foundation, the philanthropic arm of Merck KGaA Germany has launched their first-ever TV program – ‘Our Africa by Merck Foundation’. This first-of-its-kind TV show is set to be the voice of the voiceless and break the silence about many critical and sensitive social and health issues in Africa.
Watch the Promo of ‘Our Africa by Merck Foundation’ here: https://www.youtube.com/watch?v=XOdXqQUdkm8 This pan African show is conceptualized, produced, directed, and hosted by Senator, Dr. RashaKelej, CEO of Merck Foundation to feature Fashion Designers, Singers, and prominent guests from various domains with the aim to raise awareness and create a culture shift across Africa.
Expressing her excitement about the launch of the “Our Africa by Merck Foundation” TV program, Senator, Dr. RashaKelej, CEO of Merck Foundation explained, “I am extremely happy and proud to present our new and unique program “Our Africa by Merck Foundation’. I strongly believe that fashion and art should have a purpose beyond entertainment and looking good. They can contribute to sensitizing our communities about different social and health issues such as ending FGM, ending child marriage, stopping GBV, breaking the Infertility stigma, supporting Girl Education, Diabetes awareness and healthy lifestyle, and more. Hence, I came up with the idea of this beneficial yet entertaining TV program.” “I am hosting the show along with my co-host Brian Mulondo from Uganda. We will discuss and address various social and health issues relevant to Africa in a very unique way through our African Community of Fashion and Art with Purpose. It will be a first-of-its-kind interactive show, which will feature talented Fashion designers and Singers who sensitize communities through those creative work across Africa”, Dr. RashaKelej added.
‘Our Africa by Merck Foundation’ TV program is currently going to be broadcasted in Kenya, Uganda, and Ghana, the TV program will also soon be aired in other African countries. Below are the details of the channels on which the TV show will be aired: - Every Saturday @ 5:30 pm (EAT) on KTN, Kenya - Every Sunday @ 6:30 pm (EAT) on NTV Uganda - Every Sunday @ 2 pm on (GMT) GHOne TV, Ghana “This program is our effort to reach out to youth and other members of our urban and rural communities with the aim to address and raise awareness about a wide range of pressing social and health issues that are relevant to our continent. I am very happy that we have already started to receive great feedback on the promo and first episode which was about diabetes and promoting a healthy lifestyle. I also received many messages on social media that everyone is excited to watch more episodes. So, stay tuned to watch more and more of ‘OUR AFRICA by Merck Foundation’ TV show. Be ready to Get informed, Get healthy, and Get entertained!”, added Senator, Dr. RashaKelej.
Watch the First Episode here: https://www.youtube.com/watch?v=fz1S1Dlugkc Watch the First Episode promo here: https://youtu.be/RzliKpAkUAU Merck Foundation together with their partner African First Ladies recently announced different 8 Call for Applications for two themes of Awards for Media, Fashion Designers, Filmmakers, Musicians/ Singers, and new potential talents in these fields from African countries. The themes of the two categories of awards are - 1) Breaking Infertility Stigma, Support Girls’ Education, End Child Marriage, End FGM, Stopping GBV and/ or Women Empowerment at all levels, and 2) Promote a healthy lifestyle and raise awareness about prevention and early detection of Diabetes and Hypertension.
Moreover, Merck Foundation in partnership with African First Ladies has also released over 10 inspiring children’s storybooks and over 25 songs on breaking infertility stigma, supporting girls' education, and women empowerment, in English, French and Portuguese language. To listen to the Merck Foundation songs and read the Merck Foundation storybooks, please visit: https://merck-foundation.com/our-programs/Merck-Foundation-More-Than-a-Mother/Local-Songs-and-Children-Stories Join the conversation on our social media platforms below and let your voice be heard Facebook: Merck Foundation Twitter: @Merckfoundation YouTube: MerckFoundation Instagram: Merck Foundation Flickr: Merck Foundation Website: www.merck-foundation.com About Merck Foundation The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare and scientific research capacity and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.merck-foundation.com to read more. To know more, reach out to our social media: Merck Foundation; Facebook, Twitter, Instagram, YouTube and Flickr.
To View the Image, Click on the Link Below: Senator, Dr. RashaKelej, CEO of Merck Foundation & Concept, Director & Executive Producer of Our Africa TV Show PWR PWR
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2007304-merck-foundation-ceo-to-launch-their-first-tv-program-our-africa-by-merck-foundation-to-address-social-and-health-issues-through-african-fashi | 2022-04-18T14:29:18 | en | 0.922698 |
Check out Varun Dhawan's dapper look from the sets of 'Bawaal'
Monday turned out to be a special day for actor Varun Dhawan's fans as his first look from the upcoming movie 'Bawaal' surfaced online.
- Country:
- India
Monday turned out to be a special day for actor Varun Dhawan's fans as his first look from the upcoming movie 'Bawaal' surfaced online. In one of the viral images, Varun is seen riding a Royal Enfield Bullet in Lucknow. Dressed in a blue shirt and grey trousers, Varun is all beefed up for his role. He elevated his look by sporting a beard.
Fans went gaga after seeing Varun's latest pictures. "Oh My God! Varun looks so dapper," a fan commented.
"He's so smart," another one commented. Helmed by Nitesh Tiwari, 'Bawaal' also features Janhvi Kapoor. The film is currently being shot in Uttar Pradesh.
Later, the project will be shot in five European places, including Paris. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2007305-check-out-varun-dhawans-dapper-look-from-the-sets-of-bawaal | 2022-04-18T14:29:26 | en | 0.971795 |
Entertainment News Roundup: Rugby-Munster move for Ed Sheeran as concerts force Champions Cup switch; Box Office: 'Fantastic Beasts 3' Opens to Franchise-Low $43 Million
The quarter-finals are scheduled for May 6-8 but with Sheeran set to play Limerick's Thomond Park on May 5 and May 6 there is not enough time to return the pitch to a playable standard. Box Office: 'Fantastic Beasts 3' Opens to Franchise-Low $43 Million "Fantastic Beasts: The Secrets of Dumbledore," the third chapter in the "Harry Potter" spinoff series, collected a muted $43 million in its domestic box office debut.
Following is a summary of current entertainment news briefs.
Rugby-Munster move for Ed Sheeran as concerts force Champions Cup switch
Ed Sheeran has punted Munster from their Thomond Park Stadium for next month's Champions Cup quarter-final tie against Toulouse with the venue set to host the British singer's concerts. The quarter-finals are scheduled for May 6-8 but with Sheeran set to play Limerick's Thomond Park on May 5 and May 6 there is not enough time to return the pitch to a playable standard.
Box Office: 'Fantastic Beasts 3' Opens to Franchise-Low $43 Million
"Fantastic Beasts: The Secrets of Dumbledore," the third chapter in the "Harry Potter" spinoff series, collected a muted $43 million in its domestic box office debut. In pandemic times, those ticket sales were enough to lead this weekend's box office charts and land one of the biggest North American openings in 2022. But it's also a sign that magic is in short supply for J.K. Rowling's lucrative and ever-expanding Wizarding World. Dinged by mixed reviews and growing apathy for prequel series star Newt Scamander (Eddie Redmayne) and company, "The Secrets of Dumbledore" stands as the worst start for a "Harry Potter"-adjacent movie. (Its predecessors 2016's "Fantastic Beasts and Where to Find Them," launched to $74 million in North America, while the 2018 follow-up "The Crimes of Grindelwald" bowed to $62 million.)
(With inputs from agencies.) | https://www.devdiscourse.com/article/entertainment/2007322-entertainment-news-roundup-rugby-munster-move-for-ed-sheeran-as-concerts-force-champions-cup-switch-box-office-fantastic-beasts-3-opens-to-fra | 2022-04-18T14:29:34 | en | 0.945611 |
Shehnaaz Gill shares adorable hug with Shah Rukh Khan at Baba Siddique's star-studded Iftar party
During Baba Siddique's star-studded Iftar party, which took place after a two-year hiatus on Sunday, Shehnaaz Gill met Bollywood star Shah Rukh Khan and shared an adorable moment with him.
- Country:
- India
During Baba Siddique's star-studded Iftar party, which took place after a two-year hiatus on Sunday, Shehnaaz Gill met Bollywood star Shah Rukh Khan and shared an adorable moment with him. In the videos from the bash which surfaced online, Shehnaaz could be seen smiling with joy on her face, as she have Shah Rukh a warm hug.
For the occasion, the 'Bigg Boss' alum had donned a sequined pastel grey salwar suit paired with a matching dupatta, which appeared to be in silk texture. She accessorised her outfit with heavy jhumkis of the same colour. Meanwhile, SRK opted to keep it simple by sporting a black pathani suit. Along with Shah Rukh and Shehnaaz, the star-studded party was also attended by Salman Khan, Sanjay Dutt, Shilpa Shetty, Chunky Panday, Karan Singh Grover, Jackky Bhagnani, Rakul Preet Singh, Aly Goni and Jasmin Bhasin among others.
Baba Siddiqui's annual Iftaar party is one of the most talked-about events in Bollywood. The party also holds a special space in SRK-Salman fans as this is where the two superstars buried their old rivalry by hugging each other in 2014. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2007407-shehnaaz-gill-shares-adorable-hug-with-shah-rukh-khan-at-baba-siddiques-star-studded-iftar-party | 2022-04-18T14:29:41 | en | 0.959269 |
Rain dampens the 1st White House Easter Egg Roll since 2019
The White House Easter Egg Roll is back for the first time since before the coronavirus pandemic.
Under rainy skies Monday, President Joe Biden and his wife, Jill, were hosting some 30,000 kids and adults for an event the first lady has dubbed the “egg-ucation roll.” Jill Biden tweeted that Monday would be a “magical, EGGucation-filled day.” The COVID-19 pandemic led the White House to cancel the egg roll in 2020 and 2021. But the egg roll is back this year, as the outbreak of coronavirus cases, hospitalizations and deaths has eased.
And the first lady, who is a community college professor, has turned the South Lawn into a school community with a variety of educational stations.
Besides the egg roll and an egg hunt, the all-day event includes a schoolhouse activity area, a reading nook, a talent show, a place to teach about farming, a photo-taking station, a physical “egg-ucation” zone with an obstacle course, and a “cafetorium” where children will learn to make treats.
“Tonight Show” host Jimmy Fallon, singer Ciara and actor-singer Kristin Chenoweth will add a dash of celebrity splash to the “egg-stravaganza.” More than two dozen costumed characters will also be on hand, including Dr. Seuss' The Cat in the Hat, the Racing Presidents mascots for the Washington Nationals of Major League Baseball, Rosita and Cookie Monster from “Sesame Street” and Snoopy and Charlie Brown, among others.
The event kicked off at around 7 a.m., with the first of five waves of people, including kids wearing their Easter best, streaming through the White House gates.
The White House Easter Egg Roll dates to 1878.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2007421-rain-dampens-the-1st-white-house-easter-egg-roll-since-2019 | 2022-04-18T14:29:49 | en | 0.955266 |
National Rail Museum and IRCTC announce launch of online ticketing for NRM
NRM enriches the experience of around 05 lakhs visitors every year and showcase how Indian Railways helped in unification and progress of India as a nation.
- Country:
- India
National Rail Museum (NRM), Ministry of Railways in association with Indian Railway Catering & Tourism Corporation Ltd. (IRCTC), has announced the launch of online ticketing for NRM. The online ticketing system for NRM was launched by Shri V.K.Tripathi, Chairman & CEO, Railway Board in presence of Shri. R.N. Singh, Secretary, Railway Board here today on the occasion of World Heritage Day.
National Rail Museum represents 169 years of rich heritage of Indian Railways. Emulating the setting of a railway yard, the extensive outdoor gallery houses a variety of steam, diesel, and electric locomotives along with fascinating collection of royal saloons, wagons, carriages, armoured trains, rail cars and a turntable. Interactive displays and models exhibited inside the Indoor gallery displays the remarkable stories related to early modes of transportation till date. There are variety of rides e.g. Joy & Toy Train ride, 3D Virtual Coach ride, other simulators ride with steam, diesel and electric locomotive.
NRM enriches the experience of around 05 lakhs visitors every year and showcase how Indian Railways helped in unification and progress of India as a nation. The objective of introducing the online ticketing is to eliminate queues for the visitors which in turn aimed to reduce wait time and other benefits bringing NRM on par with Delhi's best public & private museums and galleries
Visitors can also experience the train/engine simulator rides with slot booking. The customer can use multiple payment modes i.e. Credit/Debit cards, Net banking, Wallets, UPI etc. Counter booking is also enabled with POS machines for digital payments. The QR code-enabled tickets can even be scanned through the Mobile App provided to the Ticket checking staff at the different counters for facilitating the easy entry and joyful visit of visitors.
Museum remains open from Tuesday to Sunday (10:00 hours to 17:00 hours) and now with the beginning of online ticketing, visitors can avail online ticket booking facility though website– www.nrmindia.org.
(With Inputs from PIB)
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- National Rail Museum
- IRCTC
- Railway Board | https://www.devdiscourse.com/article/headlines/2007290-national-rail-museum-and-irctc-announce-launch-of-online-ticketing-for-nrm | 2022-04-18T14:29:56 | en | 0.910151 |
Coal-based power generation rises in March
In February this year, it stood at 85,534 MU.Coal accounts for over 70 per cent of the countrys electricity output and utilities account for around 75 per cent of countrys coal consumption.According to the monthly statistics provisional of the coal ministry, coal-based power generation registered a growth of 35 per cent in March this year compared to March 2020.
- Country:
- India
Coal-based power generation rose 3.12 per cent to 1,00,276 million units in March compared to the year-ago period, according to official data.
Thermal power generation stood at 97,238 MU (Million Units) in the same period a year ago. In February this year, it stood at 85,534 MU.
Coal accounts for over 70 per cent of the country's electricity output and utilities account for around 75 per cent of country's coal consumption.
According to the monthly statistics (provisional) of the coal ministry, coal-based power generation registered a growth of 35 per cent in March this year compared to March 2020. The rise was 3.12 per cent compared to the power generation witnessed in March 2021.
In March this year, the overall power generation was 29.02 per cent higher than the power generated in March 2020 and 6.35 per cent more than power generated in March 2021.
''Total power generation has also increased in March 2022 to 1,33,584 MU from 1,12,531 MU in February 2022,'' as per the ministry.
Meanwhile, there are reports of coal shortages due to rising demand for electricity with the onset of summer season.
Recently, Maharashtra Energy Minister Nitin Raut blamed the Centre for poor management of coal supply and railway racks, and claimed shortage of coal stocks in the state.
On Saturday, the coal ministry said Maharashtra has received more coal from the Centre in the current month compared to last month and the supply has increased in tandem with the rise in demand for electricity.
The ministry had stressed that there may be issues of gas-based generation and of hydro power, but from the coal perspective there is ''no criticality''.
In October last year, many states complained about shortage of coal for power plants and some of them also faced electricity outages for several hours a day.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- coal ministry
- Nitin Raut
- Maharashtra Energy
- Maharashtra
- hydro power | https://www.devdiscourse.com/article/headlines/2007298-coal-based-power-generation-rises-in-march | 2022-04-18T14:30:04 | en | 0.964159 |
US STOCKS-Wall Street set to open lower as yields continue to rise
Market-leading technology and growth stocks have been hammered this month as investors expect the Federal Reserve to raise rates several times this year, threatening to erode the future earnings of the companies. Tesla Inc rose 0.4% as the electric automaker began preparing to reopen its Shanghai plants as the city speeds up efforts to get back to normal after a nearly three-week COVID shutdown.
- Country:
- United States
U.S. stocks were set to open lower on Monday as Treasury yields continued to rise on expectations of a tighter monetary policy, while Bank of America wrapped up earnings from Wall Street lenders with a better-than-expected quarterly profit.
Bank of America Corp, the second-largest U.S. bank by assets, rose 0.9% in premarket trading as strong growth in its consumer lending business helped cushion the blow from a slowdown in deal-making. Market response to first-quarter bank earnings have been mixed as JPMorgan Chase & Co, Goldman Sachs Group Inc and Citigroup Inc combined put aside $3.36 billion in credit loss reserves due to risks from the Ukraine war and rising inflation.
"Earnings will be good, but given the multiple years of high stock market returns, people don't look for good anymore they look for great," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. "The fact remains that the pressures on the market are not going away. The combination of Fed policy, very high energy costs and the problems brought about by the Ukraine war are going to sit on the markets for the next few weeks unless there is some resolution."
Overall, analysts expect aggregate annual S&P 500 earnings growth of 6.3%, as of last week, less optimistic than the 7.5% growth projected at the start of the year, according to Refinitiv data. Companies including Netflix, Tesla Johnson & Johnson and International Business Machines are set to report this week.
Megacap stocks including Apple Inc and Microsoft Corp edged lower as the benchmark 10-year Treasury yield rose to a fresh high of 2.83%, its highest since December 2018. Market-leading technology and growth stocks have been hammered this month as investors expect the Federal Reserve to raise rates several times this year, threatening to erode the future earnings of the companies.
Tesla Inc rose 0.4% as the electric automaker began preparing to reopen its Shanghai plants as the city speeds up efforts to get back to normal after a nearly three-week COVID shutdown. Data earlier showed China's economy slowed in March despite better-than-expected first-quarter growth numbers, worsening an outlook already clouded by COVID-19 curbs and the Ukraine war.
There was little hope of peace in Ukraine, with Russia hitting hundreds of military targets in Ukraine overnight, destroying command posts with air-launched missiles. At 08:39 a.m. ET, Dow e-minis were down 24 points, or 0.07%, S&P 500 e-minis were down 8.75 points, or 0.2%, and Nasdaq 100 e-minis were down 39 points, or 0.28%.
Twitter rose 2.6% after the micro-blogging platform adopted "poison pill" on Friday to restrict Tesla CEO Elon Musk from raising his stake to beyond 15% for a one-year period. Didi Global Inc slumped 19.1% after the Chinese ride hailing giant said it will hold an extraordinary general meeting on May 23 to vote on its delisting plans in the United States.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2007312-us-stocks-wall-street-set-to-open-lower-as-yields-continue-to-rise | 2022-04-18T14:30:13 | en | 0.963651 |
Wall Street heads lower in pre-market following Asian losses
US markets were pointing toward losses before the Monday opening, following Asian markets lower after China reported that its economy expanded at a 4.8 per cent annual pace in January-March.Futures for the S P 500 lost 0.3 per cent and that for the Dow Jones Industrial Average slipped 0.1 per cent.Benchmarks fell in Tokyo, Seoul, Taipei and Shanghai.
- Country:
- United States
US markets were pointing toward losses before the Monday opening, following Asian markets lower after China reported that its economy expanded at a 4.8 per cent annual pace in January-March.
Futures for the S & P 500 lost 0.3 per cent and that for the Dow Jones Industrial Average slipped 0.1 per cent.
Benchmarks fell in Tokyo, Seoul, Taipei and Shanghai. Seoul edged higher. Markets in Europe and in Hong Kong and Sydney were closed for holidays.
Wall Street benchmarks declined last week before closing for the Easter holiday.
China's growth has fallen well below the official target of 5.5 per cent for 2022. In quarterly terms the economy grew 1.3 per cent in the first quarter, compared with 1.4 per cent in the last quarter of 2021.
Authorities have ordered shutdowns in some major cities including Shanghai to battle the country's worst outbreaks of coronavirus since it flared into a pandemic in March 2020. But the biggest impact of the shutdowns will likely be seen in the current quarter.
"Overall, the data suggest that China started the year well, but as the quarter has moved on the headwinds have gotten stronger,'' Jeffrey Halley of Oanda said in a report.
The Shanghai Composite index fell 0.5 per cent to 3,195.52.
Tokyo's Nikkei 225 index lost 1.1 per cent to 26,799.71 while the Kospi in Seoul edged 0.1 per cent lower to 2,693.21. India's Sensex dropped 2.2 per cent.
As trading resumed on Monday in some world markets, attention was focused on Ukraine, where Ukrainian fighters were holding out against a capture of their shattered city of Mariupol after a seven-week siege, ignoring a surrender-or-die ultimatum from Russia.
The fall of Mariupol would be Moscow's biggest victory of the war and free up troops to take part in a potentially climactic battle for control of Ukraine's industrial east.
Ukraine was sending top officials to Washington for this week's spring meetings of the International Monetary Fund and the World Bank amid dire warnings about the impact of the Russian invasion on the global economy.
A World Bank official on Friday said Ukraine's prime minister, finance minister and central bank governor are coming. The official spoke on condition of anonymity because the visit had not been officially announced.
The conflict has pushed prices for oil and other commodities sharply higher, compounding difficulties for policy makers trying to nurse along recoveries from the pandemic while also tamping down inflation that is at 40-year highs in many countries.
Central banks are raising interest rates that had stayed at record low levels to counter the devastation of the pandemic to help rein in price increases. But that can also discourage a revival in spending and investment needed to drive recoveries.
US benchmark crude oil lost most of its early gains on Monday, edging up two cents to USD106.97 per barrel in electronic trading on the New York Mercantile Exchange. It rose USD2.70 to USD106.95 per barrel on Thursday, before closing for Good Friday.
Brent crude, the basis for pricing international oils, climbed 26 cents to USD111.96 per barrel.
In currency trading, the dollar rose to 126.59 Japanese yen from 126.44 yen late Friday. The euro rose slightly to USD1.0808 from USD1.0807.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Govt procures 69.24 lakh tonnes wheat so far for nearly Rs 14,000 cr
The kharif marketing season runs from October to September.A quantity of 754.08 lakh tonnes of paddy includes Kharif Crop 750.95 lakh tonnes and Rabi crop 3.14 lakh tonnes has been procured in KMS 2021-22 up to April 17, 2022 in procuring StatesUTs. Till now about 108.90 Lac farmers have been benefitted with MSP value of Rs 1,47,800.28 crore, the statement said.
- Country:
- India
The government has procured 69.24 lakh tonnes of wheat in the rabi marketing season so far at minimum support price (MSP) for nearly Rs 14,000 crore.
''Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, Gujarat and Rajasthan,'' an official statement said.
The rabi marketing season runs from April to March. However, the bulk of wheat procurement takes place between April to June.
''A quantity of 69.24 lakh tonnes of wheat has been procured up to April 17 benefitting 5.86 Lakh farmers with MSP value of Rs 13,951.41 crore,'' it added.
Wheat MSP has been fixed at Rs 2,015 per quintal.
Out of the total procurement, Punjab contributed 32,16,668 tonnes, Haryana 27,76,496 tonnes and Madhya Pradesh 8,98,679 tonnes.
The paddy procurement is progressing smoothly in kharif marketing season (KMS) of 2021-22 at MSP from farmers, it added. The kharif marketing season runs from October to September.
''A quantity of 754.08 lakh tonnes of paddy (includes Kharif Crop 750.95 lakh tonnes and Rabi crop 3.14 lakh tonnes) has been procured in KMS 2021-22 up to April 17, 2022 in procuring States/UTs. Till now about 108.90 Lac farmers have been benefitted with MSP value of Rs 1,47,800.28 crore,'' the statement said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- States
- Punjab
- Madhya
- Lakh
- Haryana
- Uttar Pradesh
- Rajasthan
- Uttrakhand
- Gujarat
- Kharif
- Madhya Pradesh
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Rajasthan government following a policy of appeasement: Shekhawat on Karauli clashes | https://www.devdiscourse.com/article/headlines/2007323-govt-procures-6924-lakh-tonnes-wheat-so-far-for-nearly-rs-14000-cr | 2022-04-18T14:30:29 | en | 0.910425 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/michigan-state-spartans-football/articles/39197764 | 2022-04-18T14:30:31 | en | 0.738227 |
Govt procures 69.24 lakh tonnes wheat so far for nearly Rs 14,000 cr
The kharif marketing season runs from October to September.A quantity of 754.08 lakh tonnes of paddy includes Kharif Crop 750.95 lakh tonnes and Rabi crop 3.14 lakh tonnes has been procured in KMS 2021-22 up to April 17, 2022 in procuring StatesUTs. Till now about 108.90 Lac farmers have been benefitted with MSP value of Rs 1,47,800.28 crore, the statement said.
The government has procured 69.24 lakh tonnes of wheat in the rabi marketing season so far at minimum support price (MSP) for nearly Rs 14,000 crore.
''Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, Gujarat and Rajasthan,'' an official statement said.
The rabi marketing season runs from April to March. However, the bulk of wheat procurement takes place between April to June.
''A quantity of 69.24 lakh tonnes of wheat has been procured up to April 17 benefitting 5.86 Lakh farmers with MSP value of Rs 13,951.41 crore,'' it added.
Wheat MSP has been fixed at Rs 2,015 per quintal.
Out of the total procurement, Punjab contributed 32,16,668 tonnes, Haryana 27,76,496 tonnes and Madhya Pradesh 8,98,679 tonnes.
The paddy procurement is progressing smoothly in kharif marketing season (KMS) of 2021-22 at MSP from farmers, it added. The kharif marketing season runs from October to September.
''A quantity of 754.08 lakh tonnes of paddy (includes Kharif Crop 750.95 lakh tonnes and Rabi crop 3.14 lakh tonnes) has been procured in KMS 2021-22 up to April 17, 2022 in procuring States/UTs. Till now about 108.90 Lac farmers have been benefitted with MSP value of Rs 1,47,800.28 crore,'' the statement said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- States
- Punjab
- Madhya
- Lakh
- Haryana
- Uttar Pradesh
- Rajasthan
- Uttrakhand
- Gujarat
- Kharif
- Madhya Pradesh
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Rajasthan CM appeals people to stay away from miscreants, maintain peace after stone-pelting in Karauli
Rajasthan: 3 more arrested in terror module case, SIT set up for further probe
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Rajasthan communal clashes: CM Gehlot says PM Modi should appeal to people to shun polarisation
Rajasthan government following a policy of appeasement: Shekhawat on Karauli clashes | https://www.devdiscourse.com/article/headlines/2007336-govt-procures-6924-lakh-tonnes-wheat-so-far-for-nearly-rs-14000-cr | 2022-04-18T14:30:36 | en | 0.911912 |
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MHA declares JeM commander Ashiq Ahmed Nengroo as terrorist under UAPA
The Ministry of Home Affairs (MHA) on Monday declared Jaish-e-Mohammed commander Ashiq Ahmed Nengroo as an individual 'terrorist' under the Unlawful Activities (Prevention) Act as he is currently engaged in a Pakistan controlled campaign to orchestrate terror in Jammu and Kashmir.
- Country:
- India
The Ministry of Home Affairs (MHA) on Monday declared Jaish-e-Mohammed commander Ashiq Ahmed Nengroo as an individual 'terrorist' under the Unlawful Activities (Prevention) Act as he is currently engaged in a Pakistan controlled campaign to orchestrate terror in Jammu and Kashmir. The Ministry made the announcement through a gazette notification, mentioning that Nengroo (35), a resident of Pulwama in Kashmir, has been involved in the infiltration of terrorists into Jammu and Kashmir.
After running a terror syndicate in Kashmir, the MHA notification states, Nengroo is now engaged in a perilous campaign to orchestrate terror in Jammu and Kashmir, remote-controlled from Pakistan. Nengroo, who is called by many aliases as Ashag Hussain Nengroo and Ashaq Moulvi, has been responsible for inflicting various terrorist incidents in Jammu and Kashmir.
Nengroo had been involved in the cases related to the killing of one police personnel in Jammu and Kashmir's Pulwama in 2013, the killing of one civilian in 2020, and terror funding and illegal supply of weapons to terrorists. "The Jaish commander, Nengroo, poses to the security of India, and in order to deter him from perpetrating terrorism not limited to India, he shall be designated as a terrorist under the provisions of Unlawful Activities (Prevention) Act, 1967."
"And whereas, the Central Government believes that Ashiq Ahmed Nengroo is involved in terrorism and he is to be notified as a terrorist under the Unlawful Activities (Prevention) Act, 1967," mentions the notification. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2007338-mha-declares-jem-commander-ashiq-ahmed-nengroo-as-terrorist-under-uapa | 2022-04-18T14:30:44 | en | 0.947719 |
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Morocco sees spending on subsidies surging to $3.2 bln
Morocco ended diesel and gasoline subsidies in 2015, but it has offered aid to transport operators such as trucks and taxi drivers to mitigate the impact of higher prices. It also provided 2 billion dirhams for the pandemic-hit tourism sector and 10 billion dirhams to help farmers deal with the impact of drought.
Morocco expects spending on subsidies of soft wheat, cooking gas and sugar to rise to 32 billion dirhams ($3.2) from 21 billion dirhams last year, due to a surge in international prices, the prime minister told parliament on Monday.
The government earmarked 17 billion dirhams for subsidies in the budget, and the shortfall will be offset by higher tax revenue, Prime Minister Aziz Akhannouch said. "So far we did not resort to additional loans or use a liquidity line," he said, adding that tax revenue had risen by a quarter by the end of February compared to the same period last year.
Last month the central bank said Morocco's fiscal deficit would remain unchanged at 6.3%, citing an increase in phosphates sales. The government expects growth to be 1.7% this year from 7.3% last year after the worst drought in decades led to a drop in agricultural output.
The agriculture ministry said 53% of wheat plantations have been lost to drought this season. Morocco ended diesel and gasoline subsidies in 2015, but it has offered aid to transport operators such as trucks and taxi drivers to mitigate the impact of higher prices.
It also provided 2 billion dirhams for the pandemic-hit tourism sector and 10 billion dirhams to help farmers deal with the impact of drought.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2007354-morocco-sees-spending-on-subsidies-surging-to-32-bln | 2022-04-18T14:30:51 | en | 0.962919 |
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Odisha Drivers' Association hold protest demonstration over various demands
- Country:
- India
Hundreds of members of the Odisha Drivers' Association protested in Bhubaneswar on Monday seeking immediate implementation of their various demands including fixed salary and pension.
Traffic came to a grinding halt in some areas as the drivers from several sectors under the aegis of the Odisha Drivers' Association held massive rallies and converged at the Master Canteen Square from all the districts of the state.
The demands include a law for the protection of drivers, fixed salary, Rs 20 lakh compensation to their family in case of death, insurance coverage for injuries, pension and restrooms every 100 km on national and state highways.
With flags and banners on their hands and slogans on their lips, the drivers alleged that the government was dilly-dallying on the issue even after the union held a rally in the capital last year and submitted a memorandum to it.
A delegation held a meeting with the government at the Loka Seba Bhavan, following which Transport Minister Padmanabha Behera announced that a committee would be formed to look into their demands.
The team will visit various states to review steps taken for the drivers there and submit a report, based on which necessary steps will be taken within three months, he said.
''Appropriate steps couldn't be taken till now due to the rural and civic polls,'' Behera told reporters.
A union leader said the agitation would be withdrawn, hoping that the government would fulfil their demands in time.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Dr Lal PathLabs launches pilot project to transport blood samples using drones | https://www.devdiscourse.com/article/headlines/2007365-odisha-drivers-association-hold-protest-demonstration-over-various-demands | 2022-04-18T14:30:59 | en | 0.954872 |
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Law on poll promises: Vice-Prez calls for debate
- Country:
- India
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IMF expects 'significant' pledges for new climate, pandemics trust
Beaumount said the IMF would need to receive "a substantial fraction" of the total before starting operations of the new trust by the time of the fall meetings of the IMF and World Bank in October. "We understand that some of the countries who've really been leading the discussions want to show their strong support by making a pledge during the spring meetings," Beaumont told reporters.
The International Monetary Fund expects to members to make "significant" pledges of support for its newly approved Resilience and Sustainability Trust during the IMF-World Bank spring meetings beginning this week, a senior IMF official said. The IMF's board approved creation of the new trust last week to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics, with a goal of raising at least $45 billion.
Craig Beaumont, deputy director of the IMF's Finance Department, said officials expected significant pledges to come in, although it could take longer to reach the full target. Beaumount said the IMF would need to receive "a substantial fraction" of the total before starting operations of the new trust by the time of the fall meetings of the IMF and World Bank in October.
"We understand that some of the countries who've really been leading the discussions want to show their strong support by making a pledge during the spring meetings," Beaumont told reporters. "We don't have a precise number, but my sense it could be a quite significant start to the overall fundraising effort."
Beaumont said the IMF would build on the initial round of support and reach out to broader range of contributors to make up the full amount in coming months. Beaumont gave no details on which countries would contribute early, or the exact amounts expected. He said members were finalizing their plans, and some countries would need the approval of their parliaments.
IMF staff hammered out details of the new facility in recent months after it won the backing of the Group of 20 major economies in October.
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Lt Gen Manoj Pande to be next Army chief
- Country:
- India
Lt Gen Manoj Pande will be the next Army chief succeeding Gen MM Naravane whose tenure ends by the end of this month, officials said on Monday.
At present, Lt Gen Pande is serving as the Vice Chief of the Army Staff.
Before taking charge as the Vice Chief of the Army Staff, he was heading the Eastern Army Command tasked with guarding the Line of Actual Control (LAC) in the Sikkim and Arunachal Pradesh sectors.
Gen Naravane's tenure will come to an end on April 30.
Lt Gen Pande was commissioned into the Bombay Sappers in December 1982.
In his distinguished career, he has held several prestigious command and staff assignments in conventional as well as counter-insurgency operations in all types of terrain.
He commanded an engineer regiment along the Line of Control during the Operation Parakram in Jammu and Kashmir, an engineer brigade in the western sector, an infantry brigade along the LoC and a mountain division in high-altitude areas of western Ladakh and a corps in the Northeast.
He has served as chief engineer in the UN mission in Ethiopia and Eritrea. He was the Commander-in-Chief Andaman and Nicobar Command (CINCAN) from June 2020 to May 2021.
For his illustrious service, he has been conferred Param Vishisht Seva Medal, Ati Vishisht Seva Medal, Vishisht Seva Medal, the Chief of Army Staff Commendation and the GOC-in-C Commendation.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Real Kashmir look for win against rejuvenated Churchill Brothers | https://www.devdiscourse.com/article/headlines/2007391-lt-gen-manoj-pande-to-be-next-army-chief | 2022-04-18T14:31:22 | en | 0.968607 |
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Boston airport terminal evacuated over video game console
Published: Apr. 18, 2022 at 8:13 AM CDT|Updated: 1 hour ago
(CNN) - A video game console briefly disrupted Easter travel at Boston’s Logan International Airport.
On Sunday afternoon, Transportation Security Administration agents screened a checked bag with a potentially suspicious item inside.
As a precaution, some passengers were evacuated from the terminal.
However, after the Massachusetts State Police bomb squad took a closer look, they realized it was a PlayStation video game console that looked a little battered with age.
After that confirmation, things went back to normal at the terminal.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.ktre.com/2022/04/18/boston-airport-terminal-evacuated-over-video-game-console/ | 2022-04-18T14:31:26 | en | 0.947846 |
Railway police official killed in terrorist attack in J-K's Pulwama
One railway police official has been killed and two others sustained injuries in the terrorist attack in Pulwama on Monday evening, the Jammu and Kashmir Police informed.
- Country:
- India
One railway police official has been killed and two others sustained injuries in the terrorist attack in Pulwama on Monday evening, the Jammu and Kashmir Police informed. The area has been cordoned off.
"#Terrorists fired upon RPF personnel at Kakapora, #Pulwama. In this #terror incident, 02 RPF personnel sustained bullet injuries and were evacuated to hospital, where 01 RPF personnel succumbed and attained #martyrdom. The area was cordoned off. Further details shall follow. @JmuKmrPolice," tweeted the Kashmir Zone Police today. Earlier in the day, the police informed that two Railway Police officials were injured in the terrorist attack in the Kakapora area of South Kashmir's Pulwama district.
Further details are awaited. (ANI)
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Detroit pastors fill gas tanks over Easter weekend
Published: Apr. 18, 2022 at 7:58 AM CDT|Updated: 1 hours ago
DETROIT (WDIV) - Some pastors in Detroit spent the holiest weekend on the Christian calendar by easing their congregation’s pain at the pump.
The religious and community leaders were filling up gas tanks instead of Easter baskets.
In service to their community, they provided $6,000 worth of gas in 10-gallon increments to dozens of motorists in need.
In addition to filling up the cars, the pastors offered prayers for safe travel.
Copyright 2022 WDIV via CNN Newsource. All rights reserved. | https://www.ktre.com/2022/04/18/detroit-pastors-fill-gas-tanks-over-easter-weekend/ | 2022-04-18T14:31:33 | en | 0.930708 |
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Grocery items with the greatest price change in March
(Stacker) - The cost of groceries increased nearly 10% year-over-year and 1% since February, driven largely by a rise in prices of meat, poultry, fish, and eggs, according to Consumer Price Index data from the Bureau of Labor Statistics released Tuesday, April 12. The report was released amid the highest documented inflation in more than four decades.
Economists consider two versions of the CPI data, which measures the change in prices paid by urban consumers for goods and services. The “headline” CPI, which rose 8.5%, includes all prices consumers face from housing and gas to bananas; while “core” CPI, which rose 6.5%, excludes typically volatile food and energy prices. The headline CPI increase came in slightly above the 8.4% increase many economists predicted. Meanwhile, the cost of energy increased by 32%. The BLS measures consumer costs by tracking CPI, which measures price changes, and average prices, which offer estimates of real-world prices for goods and services paid by consumers.
The March report reflects the most severe impacts of the global disruptions in energy and food markets caused by Russia’s invasion of Ukraine. Recent dips in prices of oil per barrel and the leveling off of gasoline per gallon are not reflected in this report.
Inflation, supply chain issues, and seasonal patterns drove changes in grocery prices
The average price of butter grew 11.9% in the last year. Meat has been especially affected by supply chain issues, with 100% meat frankfurters jumping 35.2% since March of 2021 to an average price of $5.18 per pound. Ground chuck, pork chops, and whole chicken showed year-over-year price increases of 11.3%, 15%, and 11.7%, respectively.
Average costs can change due to seasonal availability, inventory changes, and other factors beyond inflation.
Increases in average prices for items like beef and butter are largely tied to farms rebounding from labor shortages and supply chain issues that be traced back to the height of the pandemic when many livestock were culled, staffing was limited, and demand was low due to shutdowns. Higher input costs today for items such as grain and fuel—along with renewed consumer demand—have kept prices high.
Other factors like unfavorable weather and its impacts on crop and fruit yields—and, conversely, ramped-up production during spring and summer months—are also major contributors to average price fluctuations up and down.
Small increases on staple items can add up quickly
Many traditionally low-cost grocery staples were also impacted by inflation and supply chain constraints.
For shoppers buying premium items such as organic, free-range eggs or artisanal bread, the ability to find a cheaper item still exists. But for many consumers relying on little grocery-bill variance, small increases can add up quickly.
Recipients of Supplemental Nutrition Assistance Program benefits, formerly referred to as food stamps, are afforded a monthly food stipend. These stipends are only adjusted annually for inflation and don’t account for monthly price hikes. A rise in cost for even the most bargain items can have significant impacts on vulnerable populations.
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NEW YORK, April 18, 2022 /PRNewswire/ -- O'Dwyers, a leading public relations industry publication, has officially released its annual PR rankings, naming 5WPR's Financial and Investor Relations PR division the eighth largest in the U.S. with net fees of $8.8 million. This year placement marks the sixth consecutive years the division is ranked amongst the top 20 practices.
For over 50 years, O'Dwyer's has been ranking PR agencies based on their fees, which are verified by reviewing PR firm income statements.
"5WPR's financial services teams possess a deep understanding of the industry and are consistently among the first with insights into emerging technologies and industry trends," said 5WPR CEO, Matthew Caiola. "The team has built the practice tremendously and we are proud of all they have accomplished, including this recent recognition."
5WPR has recently announced the expansion of their financial services practice area with the addition of a specialty private equity and venture capital division.
In addition to this ranking, 5WPR has also been named a top five New York City agency, as well as top ten nationally. 5W was also awarded top Public Relations Company by The Manifest, named to the 2021 Clutch 1000 list, and recognized with numerous industry accolades including the Grand Stevie Award for Most Honored Public Relations Agency in the 19th Annual American Business Awards®.
About 5WPR
5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 250 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and Digital Marketing (Social Media, Influencer, Paid Media, SEO). 5W was awarded 2020 PR Agency of The Year and brings leading businesses a resourceful, bold and results-driven approach to communication.
Media Contact
Matthew Caiola
mcaiola@5wpr.com / 212.999.5585
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Russia flags further rate cut, more budget spending
Russia on Monday flagged a likely further cut in interest rates and more budget spending to help the economy adapt to biting western sanctions as it heads for its deepest contraction since 1994. Russia faces soaring inflation and capital flight while grappling with a possible debt default after the West imposed unprecedented sanctions to punish President Vladimir Putin for sending tens of thousands of troops into Ukraine on Feb. 24.
- Country:
- Russian Federation
Russia on Monday flagged a likely further cut in interest rates and more budget spending to help the economy adapt to biting western sanctions as it heads for its deepest contraction since 1994.
Russia faces soaring inflation and capital flight while grappling with a possible debt default after the West imposed unprecedented sanctions to punish President Vladimir Putin for sending tens of thousands of troops into Ukraine on Feb. 24. Putin said on Monday that Russia should use its state budget to support the economy and liquidity when lending activity has waned. The World Bank expects the economy to shrink by more than 11% this year.
The central bank more than doubled its key interest rate to 20% on Feb. 28 as the first wave of sanctions hit, before trimming it to 17% on April 8. It is expected to lower it further at the next board meeting on April 29. "We must have the possibility to lower the key rate faster," Central Bank Governor Elvira Nabiullina said on Monday. "We must create conditions to increase the availability of credit for the economy."
Although inflation in Russia has accelerated to its highest since early 2002, the central bank "will not try to lower it by any means - this would prevent business from adapting," Nabiullina said. The current inflation spike is caused by low supply, not high demand, and the central bank aims to bring it to its 4% target in 2024 as the economy adapts to western sanctions, she said, speaking at the lower house of parliament.
"The period when the economy can live on reserves is finite. And already in the second and third quarter we will enter a period of structural transformation and the search for new business models," Nabiullina said. She also said Moscow planned to take legal action over the blocking of gold, forex and assets belonging to Russian residents, while adding that such a step would need to be painstakingly thought through.
Foreign sanctions have frozen about $300 billion of the roughly $640 billion that Russia had in its gold and forex reserves when it launched what it calls its "special military operation" in Ukraine. Putin, speaking to Nabiullina and other top government officials by a video link, called for an acceleration of the process of switching to national currencies in foreign trade - as opposed to dollars and euros - under the new conditions.
SANCTIONS BITE Sanctions had mainly affected the financial market, "but now they will begin to increasingly affect the economy," Nabiullina said.
"The main problems will be associated with restrictions on imports and logistics of foreign trade, and in the future with restrictions on exports." She said Russian companies would need to adapt.
"Russian manufacturers will need to search for new partners, logistics, or switch to the production of products of previous generations," she said. Exporters would need to look for new partners and logistical arrangements and "all this will take time," Nabiullina said.
She said the central bank was considering making the sale of forex proceeds by exporters more flexible. In February, Russia ordered exporting companies, including some of the world's biggest energy producers from Gazprom to Rosneft, to sell 80% of their forex revenues on the market, as the central bank's ability to intervene on currency markets was limited.
The bank may soften the terms of the timing and volume of mandatory sales, Nabiullina said. Nabiullina's comments "are directly or indirectly targeted at preventing the rouble from firming," Promsvyazbank analysts said.
But the Russian currency extended gains on Monday, firming to 81.4025 to the euro, a level last seen on April 8, helped by upcoming tax payments that will prompt export-focused companies to convert FX revenues to roubles to meet their liabilities.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2007437-russia-flags-further-rate-cut-more-budget-spending | 2022-04-18T14:31:45 | en | 0.965472 |
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Company will connect with investment community at the leading cannabis investment conference in North America
CORONA, Calif., April 18, 2022 /PRNewswire/ -- Advanced Container Technologies, Inc. (Ticker: ACTX), announced it will attend the Benzinga Cannabis Capital Conference – the leading cannabis-focused investment event in North America.
The ACTX Executive Team will connect with the investment community and present its unique value proposition to raise awareness and generate increased interest in the company.
ACTX is a vertically integrated company with several business units serving the rapidly growing cannabis industry. The company offers a wide variety of fully compliant customizable packaging solutions as well as a full product line of nutrients, lighting accessories, and other items needed for successful cultivation, branding, and retailing.
ACTX is also the exclusive distributor of GrowPods in the cannabis market. These automated controlled environment indoor farms are able to produce more harvests with better yields than conventional farming. GrowPods are transportable and can be set up in a matter of days almost anywhere, making farming easier, more affordable and predictable, while lowering costs and increasing yields.
The Benzinga Cannabis Capital Conference features a "Who's Who" of luminaries in the industry, including chief executives from some of the leading companies in the sector, such as: Curaleaf, Tilray Brands, Aurora Cannabis, Canopy Growth, and Trulieve. Former heavyweight champion, Mike Tyson, will also be speaking about his foray into the cannabis sector.
Douglas Heldoorn, CEO of Advanced Container Technologies, said he is looking forward to sharing more information about the company, its goals, and its progress.
"We offer a dynamic product range and are focused on achieving rapid and sustainable growth," Heldoorn commented. "We believe that we are well-positioned with the right products in the right markets, and we look forward to connecting with the cannabis investment community."
The Benzinga Cannabis Capital Conference will be held April 20-21 in Miami, Florida.
For more information on Advanced Container Technologies, call: (951) 381-2555 or visit: www.advancedcontainertechnologies.com.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about ACTX' beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and ACTX undertakes no duty to update such information, except as required under applicable law.
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SOURCE Advanced Container Technologies, Inc. | https://www.ktre.com/prnewswire/2022/04/18/actx-attend-benzinga-cannabis-capital-conference/ | 2022-04-18T14:31:52 | en | 0.951034 |
US STOCKS-S&P 500 inches higher as strong BofA results offset tech weakness
The combination of Fed policy, very high energy costs and the problems brought about by the Ukraine war are going to sit on the markets for the next few weeks unless there is some resolution." Megacap stocks including Tesla and Microsoft Corp edged lower as the benchmark 10-year Treasury yield hit a fresh December 2018 high of 2.88% earlier in the session.
- Country:
- United States
The benchmark S&P 500 rose on Monday as Bank of America wrapped up earnings from big U.S. lenders with a better-than-expected quarterly profit, although elevated bond yields weighed on growth and technology stocks. Shares of the second-largest U.S. bank by assets rose 3% as strong growth in its consumer lending business helped cushion the blow from a slowdown in deal-making. Overall, the S&P 500 banks index gained 1.5%.
Market response to bank earnings has been mixed as JPMorgan Chase & Co, Goldman Sachs Group Inc and Citigroup Inc combined put aside $3.36 billion in credit loss reserves due to risks from the Ukraine war and rising inflation. "Earnings will be good, but given the multiple years of high stock market returns, people do not look for good anymore. They look for great," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.
"The fact remains that the pressures on the market are not going away. The combination of Fed policy, very high energy costs and the problems brought about by the Ukraine war are going to sit on the markets for the next few weeks unless there is some resolution." Megacap stocks including Tesla and Microsoft Corp edged lower as the benchmark 10-year Treasury yield hit a fresh December 2018 high of 2.88% earlier in the session. It was last at 2.83%.
Market-leading technology and growth stocks have come under pressure recently as expectations of several interest rates hikes this year threaten to erode the future earnings of these companies. Seven of the 11 major S&P sectors advanced. Energy stocks rose 1.6% to lead percentage gains as crude prices rose and Brent topped $113 a barrel, as outages in Libya deepened concern over tight global supply.
There was little hope of peace in Ukraine, with Russia hitting hundreds of military targets in Ukraine overnight, destroying command posts with air-launched missiles. At 09:52 a.m. ET, the Dow Jones Industrial Average was up 132.23 points, or 0.38%, at 34,583.46, the S&P 500 was up 6.84 points, or 0.16%, at 4,399.43, and the Nasdaq Composite was down 49.83 points, or 0.37%, at 13,301.25.
Charles Schwab Corp fell 9.1% after the financial services company missed quarterly profit estimates. Twitter slipped 1% even as the micro-blogging platform adopted "poison pill" on Friday to restrict Tesla CEO Elon Musk from raising his stake to beyond 15% for a one-year period.
Didi Global Inc slumped 16.7% after the Chinese ride hailing giant said it will hold an extraordinary general meeting on May 23 to vote on its delisting plans in the United States. Advancing issues outnumbered decliners by a 1.02-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 2.05-to-1 ratio on the Nasdaq.
The S&P index recorded 21 new 52-week highs and 17 new lows, while the Nasdaq recorded 35 new highs and 229 new lows.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2007444-us-stocks-sp-500-inches-higher-as-strong-bofa-results-offset-tech-weakness | 2022-04-18T14:31:53 | en | 0.957457 |
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AANA Applauds Signing of Legislation Expanding CRNA Practice Opportunities
PARK RIDGE, Ill., April 18, 2022 /PRNewswire/ -- Alabama patients now have increased access to safe, affordable care with the signing today of HB 268 by Governor Kay Ivey. The law provides that, in addition to physicians and dentists, Certified Registered Nurse Anesthetists (CRNAs) may provide anesthesia care under the direction of or in coordination with a physician, podiatrist, or dentist.
The law further clarifies that the CRNA scope of practice includes ordering of medications and tests before, during, and after analgesia or anesthesia in accordance with the anesthesia plan.
"Removing barriers to CRNA practice will allow Alabama healthcare facilities to maximize their workforce and increase access to safe, affordable care for our patients," said Wesley Canerday, CRNA, president of Alabama Association of Nurse Anesthetists (ALANA). "By signing this important legislation, Alabama recognizes that CRNAs are qualified to make decisions regarding all aspects of anesthesia care based on their education, licensure, and certification."
Anesthesia services are provided solely by CRNAs in many of Alabama's critical access hospitals offering surgical services, and in a majority of its rural hospitals.
The law also specifies that anesthesia care, when an anesthesiologist is not present, is provided by CRNAs "in coordination with" a physician, podiatrist, or dentist, defined as a working relationship in which "each contributes his or her respective expertise in the provision of patient care, which includes the discussion of patient treatment, diagnosis, and consultation."
"The American Association of Nurse Anesthesiology (AANA) applauds Gov. Ivey for recognizing the important role CRNAs have in delivery of safe anesthesia care to the residents of Alabama," said AANA President Dina Velocci, DNP, CRNA, APRN. "Increased demand, limited resources, and the rural nature of the state dictate that a system capable of meeting the needs of all Alabama residents be maintained and this law provides that."
As advanced practice nurses, CRNAs are members of one of the most trusted professions according to Gallup. CRNAs provide anesthesia care across all settings and in all patient populations and are the primary anesthesia providers in rural and underserved areas and on the battlefield in forward surgical teams. Because of their expertise in anesthesia delivery and management of critically ill patients, CRNAs have been a highly sought-after healthcare provider during the COVID-19 pandemic.
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Second Global COVID-19 Summit scheduled for May 12
The summit will build on efforts and commitments made at the first global summit in September, including getting more people vaccinated, sending tests and treatments to highest-risk populations, expanding protections to health care workers and generating financing for pandemic preparedness, the statement said. "We know we must prepare now to build, sustain, and finance the global capacity we need, not only for emerging COVID-19 variants, but also future health crises," it said.
- Country:
- United States
A second Global COVID-19 Summit will be held virtually next month for countries to discuss efforts to end the pandemic and prepare for future health threats, according to a joint statement on Monday.
"The emergence and spread of new variants, like Omicron, have reinforced the need for a strategy aimed at controlling COVID-19 worldwide," the White House said in a news release with the Group of Seven and Group of 20 nations. The announcement comes amid a surge of COVID-19 cases in parts of the United States and around the world prompted by easily transmissible variants of the virus.
China's most populous city, Shanghai, is trying to return to normal after a nearly three-week shutdown, which, along with wider China curbs, are taking a toll on the world's No. 2 economy. The summit will build on efforts and commitments made at the first global summit in September, including getting more people vaccinated, sending tests and treatments to highest-risk populations, expanding protections to health care workers and generating financing for pandemic preparedness, the statement said.
"We know we must prepare now to build, sustain, and finance the global capacity we need, not only for emerging COVID-19 variants, but also future health crises," it said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/health/2007295-second-global-covid-19-summit-scheduled-for-may-12 | 2022-04-18T14:32:00 | en | 0.95699 |
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LOUISVILLE, Ky. (WDRB) -- A Golden Alert has been issued for a 64-year-old woman last seen in St. Matthews.
Nancy Clay was last seen near the 3800 block of Nanz Avenue, which is not far from Breckenridge Lane, around 1 p.m. She is described as 5 foot, 3 inches, 110 pounds with brown hair and hazel eyes.
She was last seen wearing blue jeans, a flannel shift and slip-on shoes.
She could be driving a 2003 Gray Honda Civic with the license plate 825 LGG.
Anyone with information about her whereabouts can call 911 or call St. Matthews Police at (502) 893-9000.
Copyright 2022 WDRB Media. All Rights Reserved. | https://www.wdrb.com/news/golden-alert-cancelled-after-missing-64-year-old-woman-found-safe/article_de70c1be-bea6-11ec-8b23-6f6fe9188626.html | 2022-04-18T14:32:03 | en | 0.967525 |
The first public, carbon-negative blockchain showcases its commitment to sustainability and advocates for building a greener future on Algorand
NEW YORK, April 18, 2022 /PRNewswire/ -- Algorand, the blockchain transforming business models of all kinds, today announced it will take over Times Square to showcase its commitment to sustainability and climate-first technology. The takeover will begin as Earth Day celebrations around the globe kick-off — on Earth Day Eve in the US, Thursday, April 21, from 8:00-9:00 pm EDT— and demonstrates that the future can be built using modern, energy-efficient technology.
At the top of the hour, the billboards of Times Square will blaze with a bold call to action, encouraging audiences to unplug, celebrate the Earth, and commit to building a greener future. For the remainder of the hour, the billboards will turn to black — a move that at once conserves power and brings a rare moment of silence and calm to one of the busiest centers in the world.
Darkening Times Square for a duration of one hour saves roughly 6500 kilowatt hours. This amount of energy is equivalent to the energy required to complete 350 million finalized transactions on-chain or 2 work weeks worth of network liveness. In comparison, it would power up to six finalized transactions on the Bitcoin network running for just 1.5 seconds.
"Algorand was built from the start to achieve global speed, scale, and decentralization, while maintaining a lightweight, energy efficient footprint," said Staci Warden, CEO of the Algorand Foundation. "That's what sets us apart from other blockchains."
Sustainability has been a core component of Algorand since its inception. As the world's first pure proof-of-stake blockchain, the Algorand network was designed from the ground up to minimally impact the environment. Because its pure proof of stake consensus mechanism requires minimal computational power or electricity, Algorand has been a leader in minimizing the environmental impact of blockchain technology. Compared to the Bitcoin blockchain, digital asset creation and transactions on Algorand result in 120 million times less CO2 emissions.
"We are committed to global financial inclusion at scale," continued Warden. "From traditional payments, to NFTs, to DeFi and the metaverse, we have the technology that delivers speed, scale, security and decentralization, all on a carbon-neutral platform"
Last year, Algorand solidified its commitment to sustainability by partnering with ClimateTrade to become the world's first carbon-negative blockchain. ClimateTrade is a leader in CO2 emissions transparency and traceability that is using blockchain-based solutions to improve the efficiency of sustainability efforts for leading corporations around the globe. Later today Algorand will announce its approach to become the world's first self-sustained carbon-negative blockchain.
Media interested in attending a private reception at NASDAQ overlooking Times Square to experience the takeover firsthand and meet Algorand executives and ecosystem partners, please contact: algorand@dittopr.co.
About Algorand
Algorand is transforming economic models and economies of all kinds. Founded by Turing Award–winning cryptographer Silvio Micali, Algorand's high–performing Layer-1 blockchain is unparalleled for bringing fast, frictionless, and inclusive technologies to everyone. Algorand is reshaping every industry–from TradFi and DeFi to new creator economies and beyond. With an extraordinary commitment to interoperability and consistent delivery, our sustainable technology powers more participation, transparency, and efficiency for all. As the technology of choice for 2000+ global organizations, the Algorand ecosystem is transforming the next generation of financial products, protocols and exchange of value. For more information, visit www.algorand.com.
About The Algorand Foundation
The Algorand blockchain — designed by the MIT professor and Turing Award winning cryptographer Silvio Micali — is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near-zero transaction costs, on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves for the "blockchain trilemma" by achieving both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019.
The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem. For more information, visit https://algorand.foundation
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LOUISVILLE, Ky. (WDRB) -- A small dog was rescued from a sewer pipe in Georgetown Thursday thanks to the work of firefighters and community members who came together.
According to a report by LEX 18, the dog, Gabby, had fallen through a damaged sewer pipe. Her owner, Charlene Revel, tried unsuccessfully to reach down and rescue the dog but it was no use. The fire department was called, and they spent hours digging to rescue Gabby.
"She can't hear at all. She's totally deaf. I think all of the vibrations were scaring her," Revel said. "I was afraid she wouldn't come out alive and just freak out and stroke out."
Firefighters had tried to lure her out with peanut butter.
"We were scared because it was a small hole and because of sewer gases," said Jamie Gifford, a firefighter with the Georgetown Fire Department.
Neighbors lent shovels, and someone lent a small excavator. The local water department came and dropped a camera down the pipe so they could make sure Gabby was well.
Eventually, Gabby was brought up. Her neck was injured, but after a night at the vet, she was okay.
"Firemen would not give up," Revel said. "I don't care how small that dog was, they were never giving up."
Gifford said it's important to tell your local water department about any damaged / uncovered sewer pipes.
Gabby's former owner abandoned her when she was younger. Revel said that is something that will never happen again.
Copyright 2022 by WDBR Media. All rights reserved. | https://www.wdrb.com/news/small-dog-rescued-from-georgetown-ky-sewer-pipe/article_cd90a412-bf1a-11ec-8c25-37ce0024df69.html | 2022-04-18T14:32:09 | en | 0.994597 |
Two out of five adults with ADHD have excellent mental health: Study
A new study has found that two in five adults (42 per cent) with attention deficit hyperactivity disorder (ADHD) were in excellent mental health.
- Country:
- United States
A new study has found that two in five adults (42 per cent) with attention deficit hyperactivity disorder (ADHD) were in excellent mental health. The findings were published in the International Journal of Applied Positive Psychology.
To be considered in excellent mental health, participants had to report: freedom from mental illness in the previous year (i.e., substance use disorders, depression, anxiety, suicidality); almost daily happiness or life satisfaction in the past month; and high levels of social and psychological well-being in the past month. "This finding provides a very hopeful message for both individuals struggling with ADHD and their loved ones," said lead author Esme Fuller-Thomson, professor at the University of Toronto's Factor-Inwentash Faculty of Social Work and director of the Institute for Life Course and Aging.
"This research marks a paradigm shift. Most previous research, including my own, has focused on mental illness among those with ADHD so to focus on those who are thriving mentally is refreshing and very heartening," added Esme Fuller-Thomson. Investigators examined a nationally representative sample of 480 respondents with ADHD and 21,099 respondents without ADHD from Statistics Canada's Canadian Community Health Survey-Mental Health.
The study identified several factors that were associated with complete mental health among those with ADHD. Individuals who were free from chronic pain and had no lifetime history of depression or anxiety were more likely to be thriving. "Our findings emphasize the importance of addressing comorbid mental health issues when providing care to individuals with ADHD," said co-author Bradyn Ko, a recent graduate of the Master of Social Work (MSW) program at the University of Toronto. "Those with ADHD who also struggle with depression and anxiety face substantial barriers to achieving complete mental health and may benefit from targeted care. Cognitive Behavioral Therapy is a very promising intervention that has been shown to be effective for those with ADHD"
Other factors that were associated with complete mental health include being married, being physically active, and using spirituality to cope with daily challenges. "These results highlight potentially modifiable risk factors to support the well-being of adults with ADHD," said co-author Lauren Carrique, a recent MSW graduate from the University of Toronto "When compared to being sedentary, engaging in optimal levels of physical activity approximately quadrupled the odds of complete mental health. This underlines the potential value of physical activity in helping individuals with ADHD achieve excellent mental health."
The study also identified specific subpopulations of adults with ADHD who may be less likely to be in complete mental health, such as women. "The finding that female respondents were less likely to be in flourishing mental health highlights the specific vulnerabilities among women with ADHD," said co-author Andie MacNeil, a recent Master of Social Work graduate from the University of Toronto. "This aligns with other research that has found higher rates of depression, anxiety, and suicidality among women with ADHD, which may partially explain this gap in mental well-being."
The prevalence of complete mental health among those without ADHD was 73.8 per cent, which was significantly higher than the 42.0 per cent of individuals with ADHD who were in complete mental health. "Although we were surprised and delighted to find that two in five adults with ADHD were in excellent mental health, they are still lagging far behind their peers without ADHD, for whom 74 per cent were thriving. There is still a long way to go in closing the mental health gap between those with and without ADHD," said Fuller-Thomson. "This study calls attention to this gap, while also emphasizing potential mechanisms to reduce this discrepancy." (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/health/2007315-two-out-of-five-adults-with-adhd-have-excellent-mental-health-study | 2022-04-18T14:32:08 | en | 0.972452 |
NEW YORK , April 18, 2022 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Argus Equity Report coverage on ProMIS Neurosciences, Inc. (TSX:PMN)
Click here to view Full Argus Equity Report
Excerpts & Highlights from the Report as conveyed by Argus Analyst Steve Silver, follow:
ProMIS Neurosciences, based in Toronto, Ontario, and Cambridge, Massachusetts, is a development-stage biotechnology company focused on the discovery and development of therapeutic antibodies selective for toxic oligomers that result from misfolded proteins. Such proteins are associated with the development and progression of neurodegenerative diseases including Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS), Parkinson's disease (PD), and multiple system atrophy (MSA), among others.
The company's scientific platform features two proprietary target discovery engine algorithms that, collectively, can effectively predict the shape of Disease Specific Epitopes (DSEs) on the molecular surface of misfolded proteins that cause disease. Thus, its computational approach enables the development of selective antibody therapies against these targets. ProMIS' platform is based on the research of co-founder Dr. Neil Cashman, a scientist with over 25 years of experience in neurodegenerative diseases. Dr. Cashman, is a recognized leader in the field of protein misfolding diseases, including AD and ALS, and also serves as the ProMIS' chief scientific officer.
ProMIS' scientific thesis is that misfolded proteins, which expose toxic portions of the protein, are the primary culprit behind disease manifestation, and that efforts to inhibit all forms of the protein, including its abundant normal forms, are ineffective in treating diseases. Under such approaches, much of the administered dose is wasted by binding healthy protein or non-toxic aggregates before it reaches the relevant target in the brain. To date, the amyloid inhibition premise has been a primary focus of candidates for Alzheimer's disease, which has resulted in many failed, late-stage clinical studies. In contrast, ProMIS' platform selectively targets and inhibits only those mis-shaped epitopes exposed on the surface of misfolded proteins, and makes replicas of the misfolded regions, sparing the normal forms of proteins. ProMIS believes that immunizations with those epitopes result in more selective antibodies, which enable a lower effective dose that is expected to result in greater efficacy and a safer product profile. To date, ProMIS has achieved a 100% success rate in generating antibodies against specific identified DSE's.
ProMIS' lead candidate is PMN310, a potential next generation therapy for Alzheimer's disease. It is designed to bind to toxic oligomers, which are misfolded aggregates of smaller units of a healthy protein called monomer. The program is currently undergoing IND enabling activities and is expected to begin a Phase 1b clinical study in AD patients in early 2023. In March 2022, ProMIS announced positive pre-clinical results in a mouse model of AD that showed that PMN310 prevented a cognitive deficit as measured by performance in the water maze task.
Importantly, the Phase 1b study will be an open-label, ascending dose design, and should provide monthly biomarker evidence of effect data that can confirm target engagement as well as safety. We expect the trial to be conducted in a modest five to eight centers, which should enable rapid enrollment.
To prepare for an IND filing to initiate these studies, ProMIS is currently developing its production cell line for antibody manufacturing and is preparing GLP toxicology and pharmacokinetics (PK) studies in nonhuman primates. ProMIS expects to complete the PK studies during the second quarter of 2022. Behind PMN310, ProMIS is advancing a pre-clinical pipeline of candidates for additional neurodegenerative diseases and dementias, including Parkinson's disease (PD), and amyotrophic lateral sclerosis (ALS), which also share a common biologic cause – misfolded versions of proteins that perform a normal function, and that should not be inhibited broadly. As with PMN310, the platform selectively targets the toxic misfolded proteins with therapeutics and can detect them with diagnostics. In the case of ALS, antibodies are being designed that target misfolded forms of TDP-43, RACK1, SOD1, and ataxin2, with TDP-43 being the most advanced program.
For ALS, ProMIS is exploring different therapeutic modalities, including "intrabody", or inside the neuron, versions of TDP-43 antibodies that can be vectorized in a gene therapy vector, since physiologically important TDP-43 is active inside the neuron and should be avoided by the intrabodies in order to reduce the possibility of harmful side effects. In addition, ProMIS believes that addressing multiple misfolded protein targets could be beneficial to outcomes in ALS potentially with different modalities, including antibodies, vectorized intrabodies, and ASOs. To date, ProMIS has designated PMN267, focused on TDP-43, as its lead product candidate for treatment of ALS.
In our view, ProMIS' approach is validated and differentiated from other treatments and technologies in development due to its accuracy of computational modeling and artificial intelligence that enable the generation of therapeutic antibodies that are highly selective for toxic misfolded proteins and not their normal, physiological forms. The company has run robust simulations that have revealed conformational epitopes that are mostly likely to be exposed on misfolded proteins and provide strong predictability to support its antibody portfolio. Importantly, the company's platform can be applied across multiple degenerative diseases with a common protein misfolding pathogenesis, including Parkinson's Disease (PD), Multiple System Atrophy (MSA), in addition to its more advanced efforts in Alzheimer's and ALS.
ProMIS operates in an extremely attractive market that is among the largest areas of unmet needs across the entire biopharmaceutical industry. To date, neurodegenerative diseases have seen few novel drug approvals, and those approved have provided little more than symptom management or modestly slowed disease progression, rather than significantly impacting the underlying cause of the disease. In particular, Alzheimer's has been associated with multiple high profile failures, which have led to many Big Pharma leaders exiting the field. Before the June 2021 approval of Biogen's Aduhelm, the area had seen only one approval since 2003. However, despite its approval, Aduhelm has seen poor commercial adoption that we attribute to a trial design that failed to capture an unequivocal treatment benefit, which was compounded by its overpricing the drug in the market (it has been subsequently cut in half and seen its Medicare coverage limited) that has drawn considerable scrutiny and cast doubt on the entire field by regulators, insurers and, importantly, biotech investors.
That said, Aduhelm's approval sparked a boost to neurodegenerative disease focused IPO's and other financings for development-stage companies such as ProMIS. With a Phase 3 data readout by Eisai's lecanemab (BAN2401), which has a similar thesis to ProMIS, expected before the end of 2022, we think a positive readout would renew investor interest in the space, as well as enhance increased M&A interest from Big Pharma. We estimate that more than 100 candidates for Alzheimer's disease are currently in the clinic and view PMN310 as potentially representing a best-in-class opportunity.
We think that the ability to learn from earlier programs and approaches that have disproved prevailing thoughts on Alzheimer's has also positioned ProMIS to enhance its platform. Previous clinical programs have focused on amyloid monomer inhibition or targeting plaques in the brain containing amyloid, both of which have failed to yield an impact on disease manifestation, but have fostered a better understanding of the misfolded protein hypothesis. In addition, the advancement in biomarker detection and brain imaging in the pathology of AD has had a significant impact on ProMIS' design plans to use monthly biomarker analysis to determine more efficiently the effect of PMN310 when it begins clinical study. Further, we think that global regulators and specifically the US FDA have embraced the use of biomarkers to support evidence of effect, which we think could provide opportunities to rapidly conduct and advance the program. As such, we see ProMIS as well positioned to attract increased attention and interest from key stakeholders over the coming quarters.
In our view, ProMIS' antibody capabilities are well positioned to remain at the forefront of research in the neurodegenerative disease space, despite the emergence of several genetic technologies that are attracting interest across the biopharmaceutical industry. For example, we think ProMIS' approach is preferable to RNAi interference, as that technology could effectively address the genetic component of disease, but inhibit healthy amyloid in the process. Moreover, we do not view gene therapy as an ideal alternative for AD, given its permanence and potential to result in an unacceptable safety profile.
Another key differentiator for ProMIS is its access to some of the industry's distinguished leaders, both in its executive suite as well as in its scientific advisory board. As mentioned earlier, the executive team, led by Chief Scientific Officer Dr. Neil Cashman, possesses extensive clinical research experience as pioneers in the field of protein misfolding diseases. Its advisory board, which is chaired by Alzheimer's disease globally recognized thought leader Dr. Rudolph Tanzi, includes multidisciplinary specialists in neurodegenerative diseases, as well as experts in biotech business management, diagnostic product development, and monoclonal antibody design and manufacturing.
Lastly, we view favorably ProMIS' robust and growing IP portfolio, which included 47 patents and 67 applications, as of early 2022.
As we see it, ProMIS' progress in advancing its pipeline of candidates for neurodegenerative diseases into human clinical study is more material than its reported financials. During 2021, the company successfully completed several transactions that extended its cash runway and enabled the continuation of execution of its development strategy. Overall, we view its path to clinical value inflection favorably, given that its Phase 1b study will be open label and biomarker checked on a monthly basis, which should provide evidence of effect at a relatively early-stage. In addition, as mentioned earlier, we expect the appetite for M&A and financing for diseases such as Alzheimer's to improve over 2022, as new late-stage data is reported.
As of December 31, 2021, ProMIS had C$21.5 million in available funding for its operations, consisting of cash, cash equivalents and short-term investments, as compared to C$1.1 million at the end of 2020. Management expects this level of funding to support its operations through the end of 2023. In 2021, cash expenditures for PMN310 were C$3.8 million, most of which related to payments to its manufacturing vendor to help prepare ProMIS to be able to file its IND and initiate patient dosing.
We view ProMIS' working capital position of C$21.2 million, and current ratio of 19.1 favorably for being able to execute on its strategy during in 2022. We also note that ProMIS has long-term debt of approximately C$5.0 million on its balance sheet. We expect capital needs to accelerate as ProMIS moves its pipeline candidates further into human clinical studies. However, we foresee continued execution on its developmental strategy, combined with the potential to uplist its stock on Nasdaq, which would introduce the company to a new class of investors and expand its access to capital, and potentially improve investor sentiment towards the field, thus providing a tailwind to its capital access strategy. We estimate that ProMIS' fully diluted share count, including warrants, stock options and registered stock units (RSU), was approximately 560 million as of March 2022. We would expect the company to consolidate its shares ahead of an uplist event during 2022.
Over the longer-term, we see its growing pipeline providing optionality for additional partnering activities. We think its product candidates as well as broad platform discovery capabilities are likely to attract the interest of a Big Pharma industry that is holding its highest level of cash and M&A capabilities in industry history. We expect Big Pharma to be monitoring the field closely before re-entering the market aggressively upon additional validation and maturity of some of these newer therapeutic options. We also think that ProMIS could fortify its balance sheet to keep many of its programs in-house into clinical study, so that it can garner enhanced deal economies, upon program validation.
ProMIS Neurosciences, Inc. discovers and develops precision medicine solutions for the treatment of neurodegenerative diseases, primarily Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS), and multiple system atrophy (MSA) in Canada. The company's proprietary discovery platform comprises ProMIS and Collective Coordinates algorithms to predict novel targets known as disease specific epitopes on the molecular surface of misfolded proteins. Its lead product candidates include PMN310, a monoclonal antibody (mAb) for toxic oligomers in AD; PMN267, a superoxide dismustase 1 and TAR-DNA binding protein 43 in ALS, as well as alpha synuclein in Parkinson's disease and Lewy body dementia; and PMN442, a mAb targeting toxic a-syn oligomers and seeding fibrils in MSA. ProMIS Neurosciences, Inc. is headquartered in Toronto, Canada.
For more information re: ProMIS Neurosciences, Inc. please contact:
Alpine Equity Advisors
Nicholas Rigopulos, President
nick@alpineequityadv.com
Tel. 617 901-0785
Headquartered in NYC, Argus Research is an independent equity research firm (est. 1934) ̶ providing fundamental and quantitative research coverage on more than 1,600 companies across all 11 sectors of the S&P 500, as well as macroeconomic and equity market forecasts, thematic research, model portfolios and pre-IPO research. In addition, Argus now provides sponsored research solutions for small & mid-cap companies seeking coverage. Our Institutional Asset Management, Bank Trust, sell-side advisor and self-directed investor clients value Argus's proprietary equity research methodology, analysis and commentary. Argus's Equity Research & earnings estimates are available on major research / earnings estimate aggregator platforms, including Bloomberg, Thomson Reuters, Factset and S&P Global.
For more information re: Argus Research Services please contact:
Darrell Stone
646-747-5438
dstone@argusresearch.com
Argus Research Co. has received a flat fee from the company discussed in this report as part of a Sponsored Research agreement between Argus and the company. No part of Argus Research's compensation is directly or indirectly related to the content of this assessment or to other opinions expressed in this report. Please refer to the full Argus report and the disclaimer for complete disclosures.
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LOUISVILLE, Ky. (WDRB) — The Spring into Derby Art Fair will get you into the spirit of the Derby season.
WDRB's Keith Kaiser learned about the 3 day event in Paristown.
The 2nd Annual Spring into Derby Art Fair features art, live music and outdoor theater, a public showing of Thunder Over Louisville, specialty cocktails and more.
Shop 30 local and regional art exhibitor pop-ups lining Brent Street.
Grab a cocktail from the garden concession stand and enjoy free live music on the Christy's Garden amphitheater stage.
This outdoor art fair is open to the public with free admission for all ages.
Spring into Derby Art Fair
Paristown Arts & Entertainment District
Friday, April 22: 5:30–7:30 p.m. (Happy Hour)
Saturday, April 23: 11 a.m.–7 p.m.
Sunday, April 24: 11 a.m.–5 p.m.
Click here to get connected to Paristown Arts & Entertainment District.
Copyright 2022 WDRB Media. All Rights Reserved. | https://www.wdrb.com/wdrb-in-the-morning/food-art-and-music-take-center-stage-at-the-annual-art-fair-in-paristown/article_fc4f1b4a-bcc6-11ec-9ff0-f7c61137980c.html | 2022-04-18T14:32:15 | en | 0.915244 |
Health News Roundup: Taiwan says COVID vaccine talks held up on China sales deal; COVID-shaming pits neighbor against neighbor in locked-down Shanghai and more
Shanghai's 25 million people, most of whom live in apartment blocks, have forged new communal bonds during the city's coronavirus outbreak, through barter and group buying and setting up food-sharing stations. The case for testing Pfizer's Paxlovid for treating long COVID Reports of two patients who found relief from long COVID after taking Pfizer Inc's antiviral Paxlovid, including a researcher who tested it on herself, provide intriguing evidence for clinical trials to help those suffering from the debilitating condition, experts and advocates say.
Following is a summary of current health news briefs.
Taiwan says COVID vaccine talks held up on China sales deal
Talks on Taiwan buying the child version of the Pfizer/BioNTech COVID-19 vaccine have stalled as Pfizer does not have the right to sell it and BioNTech and its Chinese partner do not make it, a Taiwanese minister said on Monday. The sales rights for the vaccine in Greater China, including Taiwan, belong to BioNTech and its Chinese sales agent, Shanghai Fosun Pharmaceutical Group. A deal for the main version of the vaccine ran aground last year after Taiwan accused China of political interference, which Beijing denied.
COVID-shaming pits neighbor against neighbor in locked-down Shanghai
The tensions of lockdown have exposed divisions among Shanghai residents, pitting young against old, locals against outsiders, and above all, COVID-negative against COVID-positive people. Shanghai's 25 million people, most of whom live in apartment blocks, have forged new communal bonds during the city's coronavirus outbreak, through barter and group buying and setting up food-sharing stations.
The case for testing Pfizer's Paxlovid for treating long COVID
Reports of two patients who found relief from long COVID after taking Pfizer Inc's antiviral Paxlovid, including a researcher who tested it on herself, provide intriguing evidence for clinical trials to help those suffering from the debilitating condition, experts and advocates say. The researcher said her chronic fatigue symptoms, which "felt like a truck hit me," are gone after taking the two-drug oral therapy.
India's COVID infections hit a month-high, one state reports a spike in deaths
India's tally of daily COVID-19 cases nearly doubled on Monday from the previous day to more than 2,000 for the first time in a month, government data showed, and the southern state of Kerala reported a big jump in deaths. India was at the center of the global COVID crisis this time last year but the situation has improved since then and most precautions including the wearing of masks have recently been dropped.
South Korea lifts most COVID precautions as new cases dip to a two-month low
South Korea lifted almost all of its COVID-19 precautions on Monday in a major step towards a return to normal life as the Omicron variant recedes and daily infections retreated to a more than the two-month low of fewer than 50,000. A midnight curfew on restaurants and other businesses was scrapped, along with a cap of 10 people allowed to gather. From next week, people will be allowed to eat snacks in cinemas and other indoor public facilities such as stadiums.
Study shows 99% on Indonesia's most populous island have COVID antibodies
Almost all residents of Indonesia's most populous island of Java have antibodies against COVID-19, owing to a combination of prior infection and vaccination against the virus, a government-commissioned survey showed. The March study of 2,100 people, conducted on Java, home to 150 million people, and Bali, Indonesia's top tourism destination, revealed 99.2% of people had COVID antibodies, a 6 percentage point increase from a December survey.
Second Global COVID-19 Summit scheduled for May 12
A second Global COVID-19 Summit will be held virtually next month for countries to discuss efforts to end the pandemic and prepare for future health threats, according to a joint statement on Monday. "The emergence and spread of new variants, like Omicron, have reinforced the need for a strategy aimed at controlling COVID-19 worldwide," the White House said in a news release with the Group of Seven and Group of 20 nations.
Japan health ministry panel approves Novavax's COVID-19 vaccine
A Japanese Health Ministry committee said on Monday it has approved Novavax Inc's COVID-19 vaccine, setting the stage for full approval of the country's fourth shot for the coronavirus. The Japanese government has agreed to purchase 150 million doses of Novavax's recombinant protein type vaccine, which is to be manufactured domestically by Takeda Pharmaceutical Co..
Shanghai factories sputter towards reopening as city aims to ease lockdown
Manufacturers including Tesla began preparing on Monday to reopen their Shanghai plants as China's most populous city speeds up efforts to get back to normal after a nearly three-week COVID shutdown. Still, most workers will have to live onsite, and there was no immediate word how factories will deal with disrupted supply lines and access to market, with closures ordered by authorities in other cities and port and trucking problems.
(With inputs from agencies.) | https://www.devdiscourse.com/article/health/2007326-health-news-roundup-taiwan-says-covid-vaccine-talks-held-up-on-china-sales-deal-covid-shaming-pits-neighbor-against-neighbor-in-locked-down-sh | 2022-04-18T14:32:16 | en | 0.959073 |
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All Proceeds from Eaton's Latest NFT Drop on OpenSea Will Be Donated to Aid CORE's Ukraine Refugee Crisis Response
LOS ANGELES, April 18, 2022 /PRNewswire/ -- Tristan Eaton is not one to stay silent. Throughout his 25+ year career, he has made a name for himself, not just an artist who stands up to injustice, but one who always puts his art where his heart is. Now, in a time of great need for Ukraine, Eaton joins forces with CORE (Community Organized Relief Effort) to raise money for the non-profit's Ukraine refugee crisis response.
As an NFT early adopter Eaton is in the prime position to use his influence for an admirable cause, proving the blockchain's philanthropic potential. In order to provide the most direct help, Eaton has teamed up with CORE, dropping a rendering of Ukrainian President Volodymyr Zelenskyy with the message Слава Україні. Releasing as an edition of 500 on OpenSea on 4/19 for 0.1 ETH, it is an accessible piece of art to add to your personal collection in pursuit of a truly noble cause. Collectors with 10+ will receive a special edition signed print.
"Like most of the world, I'm horrified to see what's happening in Ukraine right now. My heart goes out to the thousands of innocent people fleeing their homes because of a senseless war. The way I've made change in the world is through my art. While sitting half way across the world I felt helpless but compelled to act and create." - Tristan Eaton
The funds from the NFT sale will be distributed to CORE and go towards the organization's ongoing relief efforts to provide cash assistance and emergency relief supplies.
About Tristan Eaton
Eaton is perhaps best known for his large scale public murals, found throughout the world from New York to Paris to Shanghai, which he executes in freehand spray paint; a technical and personal nod to his own history and respect for graffiti culture, while honoring traditional painting and muralism with his thoughtful and dynamic subject matter and compositions. For more information, visit http://www.tristaneaton.com
About CORE
Founded by Sean Penn and Ann Lee, CORE is a global crisis response organization dedicated to empowering underserved communities in and beyond crisis. CORE responds immediately to fill gaps, mobilize resources, and establish trust and partnership. Driven by a diverse, female-led team, CORE listens and learns to adapt its critical, equity-focused efforts to save lives and strengthen communities for the future. In rapid response to the urgent humanitarian crisis in Ukraine, CORE was one of the first organizations supporting refugees in Poland and Romania, where it continues to provide critical support. For more information, visit www.coreresponse.org, and follow CORE on Facebook, Instagram or Twitter.
About OpenSea
OpenSea is the world's leading peer-to-peer marketplace for NFTs. We make minting, purchasing and selling NFTs frictionless and friendly, and offer unmatched selection and multi-chain options for creators and collectors of all kinds.
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19 kids among 65 new COVID-19 cases in Noida
- Country:
- India
Uttar Pradesh's Gautam Buddh Nagar district, adjoining Delhi, reported 65 new COVID-19 cases including 19 children on Monday, officials said. The number of active cases in Gautam Buddh Nagar has reached 332, the officials said, with children constituting around 100 cases.
According to the official figures, 65 more people have tested positive for the infection since Sunday 6 AM while 13 patients have got cured during the period.
"Of the 65 new cases, 19 are children below 18 years of age who have tested positive for COVID-19," Chief Medical Officer Dr Sunil Kumar Sharma said.
In the wake of a rise in COVID-19 cases, District Magistrate Suhas L Yathiraj had on Sunday urged public to not panic but take take caution against the virus.
He had appealed the people to contact helpline number 1800492211 for any immediate COVID-19 related assistance.
Since the outbreak of the pandemic in March 2020, a total of 99,043 people in Gautam Buddh Nagar have tested positive for COVID-19, while 490 of them have died due to the infection, according to official data.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/health/2007329-19-kids-among-65-new-covid-19-cases-in-noida | 2022-04-18T14:32:23 | en | 0.962316 |
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COVID-19: Some 3.85 lakh people in Indore yet to take booster dose
- Country:
- India
Around 3.85 lakh people in the 18-plus segment in Indore in Madhya Pradesh are yet to take the booster shot of the COVID-19 vaccine despite being eligible for it, leaving inoculation centres here wearing a deserted look over the past few days, an official said on Monday.
People are not coming forward to take the precautionary dose as COVID-19 cases are declining, District Immunisation Officer Dr Tarun Gupta told PTI.
Indore, the worst-hit district in the state, has a caseload of 2,07,811, including 1,461 deaths.
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- Indore
- Madhya Pradesh
- District Immunisation
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BANGALORE, India, April 18, 2022 /PRNewswire/ -- Big data firm BangDB has launched first-of-its-kind, a converged database platform (Ampere) on cloud. BangDB is one of the worlds' highest performance databases which makes it highly suitable for modern applications that requires predictive real-time analysis for fast moving data from devices, sensors and machines. By bringing AI, Stream Processing, Graph, and the database together in a single product, BangDB has created a modern stack to disrupt the data analysis market.
"A major shift is underway in the way data is being generated and consumed. A lot more data is coming from devices than ever before. Most of the existing tools, platforms in the market were created a decade ago and hence we find it difficult to deal with newer kind of data and the use cases emerging from it. With BangDB as SaaS on cloud, Ampere becomes the first off-the-shelf platform of its kind, which cuts down the time and cost to build modern applications drastically," Sachin Sinha, Founder and CEO of BangDB, said in a statement.
BangDB is designed for emerging use cases which deals with Edge and Cloud computing in real-time in various domains like IoT, FinTech, Log analysis, Supply Chain etc. BangDB processes many kinds of data to identify patterns, anomalies and other interesting events to offer continuous operational intelligence in totally automated manner. With Cloud release, users can now create applications in a very less amount of time, without writing even a single line of code. In coming weeks, BangDB will release AppStore where pre-built applications for various domains will be listed and developers can create, publish, and sell their applications from the AppStore as well.
BangDB was founded as part of IQLECT in 2015 by Sinha and is based in Bangalore. It is an Artificial Intelligence (AI) based converged database platform which aligns with the current and future data trends in the market. BangDB has been developed from ground up and owns over a dozen of patents in data processing area. It has over 100K users across the world with several leading enterprises as clients. BangDB is backed by several VCs like Exfinity and VentureEast along with prominent angels Lip-Bu Tan, Michael Marks, Nicholas B, Pradeep Khosla.
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Vegan diets for dogs may be healthier and less dangerous than meat-based diets: Study
According to a new study by the University of Winchester, guardians of more than 2,500 dogs explored links between dog diet and health outcomes, suggesting that nutritionally sound vegan diets may be healthier and less hazardous than conventional or raw meat-based diets.
- Country:
- United States
According to a new study by the University of Winchester, guardians of more than 2,500 dogs explored links between dog diet and health outcomes, suggesting that nutritionally sound vegan diets may be healthier and less hazardous than conventional or raw meat-based diets. The findings of the study were published in the open-access journal, 'PLOS ONE'.
Many factors may influence dog guardians to choose unconventional diets for their pets, including concerns regarding the environment, the treatment of animals used as food, and the health of their pets. However, research into the health effects of conventional versus unconventional dog diets has been limited. To help clarify the potential health effects of different dog diets, Knight and colleagues analyzed survey data from guardians of 2,536 dogs fed either conventional meat, raw meat, or vegan diet. The survey included questions about the dogs' health, including the number of veterinary visits, use of medications, and specific dog health disorders.
Statistical analysis of the survey results suggested that, overall, dogs on conventional diets were less healthy than dogs on raw meat or vegan diets. Dogs on raw meat diets appeared to be healthier than those on vegan diets. However, the researchers noted several factors that prevent a conclusion that raw meat diets are healthier. For one, in the study, dogs on raw meat diets were significantly younger than dogs on vegan diets, which could help explain why they appeared to be healthier. Additionally, dogs on raw meat diets were less likely to be taken to a veterinarian; while this could be a sign of better health, prior research has indicated that guardians of dogs on raw meat diets are less likely to seek veterinary advice.
Further research is needed to confirm whether raw meat or a vegan diet is associated with better dog health outcomes. The researchers suggest that large-scale, cross-sectional, and longitudinal studies of dogs, maintained on different diets, which utilize data such as results of veterinary clinical examinations and veterinary medical histories, could yield results of greater reliability. Still, prior research has linked raw meat diets to increased risk of pathogens and nutritional deficiencies. In light of both the new and prior findings, the researchers suggest that a nutritionally sound vegan diet may in fact be the healthiest and least hazardous choice for dogs.
The authors added, "We believe our study of 2,536 dogs is by far the largest study published to date, exploring health outcomes of dogs fed vegan and meat-based diets. It analyzed a range of objective data, as well as owner opinions and reported veterinary assessments of health. It revealed that the healthiest and least hazardous dietary choices for dogs, are nutritionally sound vegan diets." (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/health/2007334-vegan-diets-for-dogs-may-be-healthier-and-less-dangerous-than-meat-based-diets-study | 2022-04-18T14:32:39 | en | 0.962694 |
TEL AVIV, Israel, April 18, 2022 /PRNewswire/ -- BENDIT Technologies, a company focused on the development of a steerable microcatheter platform, announced today that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its Bendit21 microcatheter for treatment in the neuro, peripheral, and coronary vasculature. The clearance was received several months after the successful first use of the Bendit21 neuro catheter in the USA in two life-saving procedures.
The Bendit21 Steerable Microcatheter is equipped with a steerable distal tip, controlled by a 'steering slider' on the proximal steering handle. Endovascular specialists can bi-directionally rotate the tip by simply turning the torque knob on the steering handle. These advanced steering and torqueability maneuvering capabilities are intended to enable navigation with or without guidewires, more precisely, and accurately, through all vasculatures, and potentially expanding indications, enhancing safety and saving procedure time.
"We already have FDA clearance for the peripheral indication. Now that we have received 510K clearance for the Bendit21, with expanded indications for neuro, coronary and peripheral, endovascular specialists can begin utilizing the full potential of our steerable microcatheters," stated Yossi Mazel, BENDIT CEO. "We are planning a commercial release in the coming months in select medical institutions in the United States."
Professor Alejandro Berenstein, MD, a Clinical Professor of Neurosurgery, Radiology and Pediatrics, and Director of the Pediatric Cerebrovascular Program at the Mount Sinai Health System in New York and board member at BENDIT added, "The Bendit technology presents a transformative paradigm in endovascular navigation that will revolutionize the way we access the vasculature, and will improve treatments throughout the arterial and venous systems, especially in the brain".
Rich Cappetta, Bendit Chairman of the Board, concluded, "This is an important achievement for BENDIT Technologies. The Bendit21 steerable catheter technology is a game-changer in endovascular medicine, and I would like to congratulate the Bendit team for their successes, paving the way for additional devices to add to the company's R&D pipeline."
About BENDIT Technologies
BENDIT Technologies is a medical device company developing breakthrough technologies for steerable microcatheters, providing surgeons with 3D-controlled bending and navigation capabilities. The company's patented technology reduces the complex catheterization procedure to a single step and enables quick and accurate outcomes. The company has previously received FDA clearance and CE Mark for the Bendit 2.7 microcatheter with an indication for peripheral use.
Visit www.bendittech.com.
Contact:
Yossi Mazel
info@bendittech.com
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Delhi reports 5 fresh dengue cases in a week, tally rises to 74
It was Delhis worst dengue outbreak since 1996.Seven cases of malaria and eight of chikungunya have also been reported so far this year in Delhi, the SDMC report said.SDMC commissioner Gyanesh Bharti had issued an advisory last week on the prevention and control of vector-borne diseases in Delhi.
- Country:
- India
Five fresh dengue cases were reported in Delhi in the last week that took the city's tally to 74, according to a South Delhi Municipal Corporation (SDMC) report released on Monday.
Till April 11 this year, 69 dengue cases had been recorded in the city.
Five fresh dengue cases have been reported in the last week. At least 74 dengue cases have been recorded this year, the report said.
No death has been reported due to the vector-borne disease so far this year, it said.
Delhi had recorded 23 dengue cases in January, 16 in February and 22 in March. As many as 13 cases had been reported till April 16, the report said.
During the period from January 1 to April 16, 17 cases were logged in 2021, seven in 2020, eight in 2019, 12 in 2018 and 18 in 2017, it said.
Cases of vector-borne diseases are usually reported between July and November, but the period may stretch till mid-December.
Civic officials said this year, dengue cases are being recorded early due to the congenial weather for mosquito breeding.
An official of the SDMC health department said Aedes aegypti mosquitoes, which cause dengue, proliferate fast when the temperature goes above 28-30 degrees Celsius.
The SDMC is the nodal agency for the control of vector-borne diseases in the city.
Last year, 9,613 dengue cases, the highest since 2015, were recorded in the national capital. As many as 23 deaths, the highest since 2016, were also recorded in the city.
In 2016, 10 deaths due to dengue were recorded.
Delhi had recorded two deaths due to dengue in 2019, four in 2018, and 10 each in 2017 and 2016.
According to the SDMC report, 4,431 dengue cases were recorded in Delhi in 2016, 4,726 in 2017, 2,798 in 2018, 2,036 in 2019 and 1,072 in 2020.
In 2015, the city had witnessed a massive outbreak of dengue with the number of cases crossing 10,600 in October itself. It was Delhi's worst dengue outbreak since 1996.
Seven cases of malaria and eight of chikungunya have also been reported so far this year in Delhi, the SDMC report said.
SDMC commissioner Gyanesh Bharti had issued an advisory last week on the prevention and control of vector-borne diseases in Delhi. He had called upon resident welfare associations, market associations and the general public to take preventive measures, failing which the spread of dengue and chikungunya may become uncontrollable.
The civic body had issued 144 notices against violators last week.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Delhi
- Gyanesh Bharti
- a South Delhi Municipal Corporation
- SDMC
- Aedes
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For the second year in a row, company takes home largest number awarded to a single supplier at the National Association of Container Distributors Packaging Awards
CHICAGO, April 18, 2022 /PRNewswire/ -- Berlin Packaging, the world's largest hybrid packaging supplier®, received 12 awards from the 2022 National Association of Container Distributors (NACD) Packaging Awards, the most given to a single supplier. The NACD Awards celebrate the most innovative packaging solutions released during the previous year. Including these latest victories, Berlin Packaging has now amassed over 100 NACD awards in 10 years.
Winning three Gold, four Silver, and five Bronze awards, Berlin Packaging demonstrated innovation and excellence in nine categories, including People's Choice, Best Use of Custom Packaging, Best Use of Stock Components, Beverage Non-Spirits, Beverage Spirits, Food, Household Products, Pet and Vet, and Automotive, Chemical, and General Industrial, with top honors taken home for Beverage Spirits and Best Use of Stock Components.
These accolades highlight Berlin Packaging's commitment to world-class innovation, with numerous awards attributed to the company's in-house agency, Studio One Eleven. The Studio offers branding strategy, package development, and sustainability consultation services at no charge in exchange for packaging supply opportunities. "Studio One Eleven is one of the many things that sets Berlin Packaging apart, and I'm grateful to the NACD for recognizing our incredibly talented team and their outstanding work," said Scott Jost, Berlin's Chief Innovation Officer.
"We are very proud of our recognition at this year's NACD convention. Our number one priority is driving our customers' bottom-line growth through world-class services and packaging solutions," said Rick Brandt, CEO of Berlin Packaging, Americas. "It is an honor to be recognized for the innovation and creativity that goes into helping our customers excel in the marketplace."
Some of this year's winning projects include:
Anis del Mono Dulce
Triple Award Recipient: People's Choice (Gold), Best Use of Custom Packaging (Silver), and Beverage Spirits (Bronze)
When the team at Anis del Mono Dulce needed to bring the stunning design of their 150th anniversary bottle to life, they partnered with Studio One Eleven to execute the creative custom package. Inspired by the brand's connections to both art and nature, dynamic, sinuous lines swirl around the bottle simulating the movement of water. The design's modernist style is representative of the 1870s when the brand was founded, and with only 3000 produced, it is sure to become a collector's item.
Iron Fish Mad Angler – Beverage Spirits (Gold)
Studio One Eleven created a custom bottle that leveraged the 750mL stock bottle shape used for Iron Fish Distillery's other products but with a taller, more slender silhouette for an elevated aesthetic. The Studio designers incorporated a label band that wraps around the package, accented by debossed panels suggestive of fish scales, and the company's distinctive steelhead logo is sculpted into the bottle as another premium detail that adds dimension and strengthens brand equity.
Alpha Brain Black Label – Best Use of Stock Components (Gold)
In order to differentiate this special product from other Onnit Labs supplements as a super-premium alternative worthy of its higher price point, Berlin Packaging sourced a bold and impactful black glass bottle that reflects peak performance and ultimate quality. The Studio design team created a minimal, uncluttered label design with clean typography and simple graphic elements that elevate the aesthetic beyond that of traditional supplements.
Other Berlin Packaging winners are:
- Black Magic Intense Graphene – Automotive, Chemical, and General Industrial
- Seven Teas – Beverage Non-Spirits
- Bacanha Syrups – Food
- Rufus Teague BBQ Sauce – Food
- Charlie's Soap Laundry Cleaner – Household Products
- ION Gut Support for Pets – Pet and Vet
- Triple Crown Essential Omega Blend – Pet and Vet
About Berlin Packaging
Berlin Packaging is the world's largest Hybrid Packaging Supplier® of glass, plastic, and metal containers and closures. The company supplies billions of items annually along with package design, financing, consulting, warehousing, and logistics services for customers across all industries. Berlin Packaging brings together the best of manufacturing, distribution, and income-adding service providers. Its mission is to increase the net income of its customers through packaging products and services. Berlin Packaging's Studio One Eleven division serves clients via a team of over 70 specialists operating from six locations in five countries around the world.
See BerlinPackaging.com for more information.
Media Contact
Celeste Osborne, Celeste.Osborne@berlinpackaging.com, (708) 272-7046
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