Feb 8, 2024 | Uncategorized
LG Electronics, India’s leading consumer durable brand, has announced a new business venture – Innovative self-laundry service for University students. The first self-laundry service is being introduced at Galgotias University in Greater Noida. The ceremony, graced by esteemed dignitaries including Mr. Baek – Executive Vice President, Living Solutions, LG Electronics, Mr Jeon, MD, LG Electronics India, Mr. Kim Division Leader, B2B,LG Electronics India, Mr. Hwang-Division Leader Home Appliances-LG Electronics India, and Mr. Dhruv Galgotia- CEO, Galgotias University, marked the official commencement of this convenience for students. The new self-laundry facility will serve 1500 students.
LG’s foray into the Commercial Washing Machine Multi-Housing business introduces a new line of services, bringing self-laundry solutions to college and university hostels. Students will have the convenience of utilizing LG Commercial Washing Machines through the user-friendly ‘Laundry Crew’ application, facilitating machine reservation, operation, and automated payments.
Commenting on the same, Mr. Hong Ju Jeon, MD, LG Electronics India said, “We, at LG, are committed to enhancing consumer’s lifestyle through innovative products & technologies. With self-laundry service at educational institutes, we are announcing a new business venture aimed at enabling convenience for young students. We will be investing USD 4M in this business & plan to open 200 self-laundry service centres by the end of 2024. We will continue to forge partnerships that drive innovation and help people enjoy a better life.”
Mr. Dhruv Galgotia, CEO, Galgotias University, expressed his heartfelt gratitude to LG Electronics for introducing this valuable service on their campus and stated, “This partnership will significantly enhance our students’ lives, allowing them to prioritize academics and extracurricular activities. We eagerly anticipate a sustainable relationship with LG, emphasizing our commitment to creating a lasting impact and continually improving the student experience on campus.”
LG looks forward to expanding its footprint in the education sector, providing students with convenient and time-saving solutions that align with the brand’s reputation for cutting-edge technology and user-centric design.
Feb 8, 2024 | Uncategorized
Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the latest release of Progress® OpenEdge®, the flagship application development platform used by over 100,000 customers across the globe to simplify the delivery of mission-critical business applications. By leveraging the new features and enhancements of OpenEdge 12.8, organizations can optimize their development processes, improve database performance, enhance application security, and stay current with the evolving technology landscape.
“For decades, Progress has provided the technology businesses need to not only run effectively, but to thrive as markets evolve and end-user needs change,” said John Ainsworth, Executive Vice President, General Manager, Application and Data Platform, Progress. “Whether you’re an ABL developer seeking enhanced productivity tools, a database administrator aiming to streamline management tasks or a security-conscious professional striving to protect critical assets, OpenEdge 12.8 enables you to develop, deploy and manage business applications that are more secure, scalable and agile.”
Developer Productivity
OpenEdge 12.8 enhances developer productivity by equipping ABL (Advanced Business Language) developers with tools and features to streamline their workflows, including:
- Enhanced OpenEdge observability: OpenEdge 12.8 integrates OpenTelemetry, a powerful observability framework, with instrumentation to provide operational metrics and trace information. Metrics assist in managing your OpenEdge applications, while traces provide developers with deep insights into application performance to identify code bottlenecks and optimize application performance.
- Faster turn–around on builds: With incremental build support, developers can change their codebase and quickly rebuild only the affected parts. This significantly reduces build times, enabling faster iterations and accelerated development cycles.
Integration and Management
OpenEdge 12.8 delivers advancements in application integration and environment management through improved monitoring and administration capabilities.
- Real-time messaging and streaming with Apache Kafka: Integration with Kafka enables businesses to use it to enhance their applications with event streaming and data integration for real-time data feeds.
- OpenEdge Command Center (OECC): A state-of-the-art, cloud-ready tool and APIs that simplify managing OpenEdge applications. OECC provides centralized monitoring, administration, and diagnostics, integrating popular Application Performance Management (APM) tools that are likely already in your environment.
- Database online maintenance: This release includes various database improvements that enable more administrative tasks to be performed online, eliminating the need for downtime for offline maintenance operations. It also offers a variety of performance improvements, especially in the areas of database scan/repair and backup/restore.
Application and Data Protections
OpenEdge 12.8 introduces several features to reinforce application security and help safeguard critical data.
- Data Regulation Support with Dynamic Data Masking (DDM): For a Security Administrator or Database Administrator who needs to enable OpenEdge business applications with data privacy and integrity compliance requirements like GDPR or HIPAA, the DDM capability offers an easier approach to disguise the sensitive data at run time, based on user role permissions.
- Hardware Security Module (HSM) support: OpenEdge 12.8 supports HSMs, which help provide a more secure environment for cryptographic operations, facilitating the protection of sensitive data and supporting compliance with stringent security standards.
- Transport Layer Security (TLS) 1.3 support: OpenEdge 12.8 adopts OpenSSL 3.1, the latest version of the open-source cryptographic library which supports TLS 1.3. This helps enhance security protocols and cryptographic algorithms to promote robust encryption and data integrity for OpenEdge applications.
OpenEdge is the leading platform for developing enterprise applications needing high performance, high availability and flexible deployment options for extensibility, scalability, security, and reliability. Developers around the world are using the OpenEdge application development platform to build innovative business applications that are the backbone of healthcare, financial services, manufacturing, and other industries.
Feb 8, 2024 | Uncategorized
In a move to bridge the digital skill gap among women, BNP Paribas has partnered with Nasscom Foundation to train over 300 engineering women graduates through an employment-linked training project called Skill Development for marginalised Young Women towards Employment.
Marking its first year since launch, this hybrid program is designed for technical skilling of the next generation of women engineers in India from marginalised sections of society. The program is currently working with women engineering graduates from tier two and tier three colleges in Bengaluru, Tumakur, Mumbai and Pune.
“Women’s empowerment has been identified as key lever to a Viksit Bharat by the Government of India. By supporting women-centric skill development and enhancement programmes through philanthropic grants, corporates can lower barriers and carve out an accessible gateway for women to enter into various sectors of the economy and contribute to India’s progress,” said Sanjay Singh, CEO and Head of Territory, BNP Paribas India.
“At BNP Paribas, we pursue an active policy of Diversity, Equity and inclusion. Our partnership with nasscom is another step in this direction to drive inclusion in India. Through this partnership, we aim to deepen access to technology skills for economically weaker sections, thereby enabling improved and more inclusive livelihoods in India’s digital economy,” Sanjay Singh, added.
The hybrid programme trained students from select colleges on a range of technical skills. These include Python Developer and data analytics and soft skills including (verbal / non-verbal reasoning, numerical aptitude, logical reasoning, business etiquette, problem solving, time management, customer orientation and interview skills.
“The World Economic Forum’s ‘Future of Jobs’ report highlights the urgent need for new-age skills, with 60% of companies recognizing a deficit among candidates. Aligned with the government’s Skill India Mission, Nasscom foundation is dedicated to advancing the skills of the youth and fostering equal opportunities for all. In our partnership with BNP Paribas, we embarked on a journey to cultivate a young, digitally skilled talent pool. We are committed to train 300 dynamic young women in tech, empowering them with future-ready competencies that align with the dynamic needs of the job market,” said Nidhi Bhasin, CEO, Nasscom Foundation.
The women students are provided opportunities to secure job offers through placement drives and job fairs conducted by Nasscom foundation. A large percentage of these students, who are in the age group of 18-25 years, have already been placed with companies like IBM, CGI, Unisoft, etc.
Feb 8, 2024 | Uncategorized
Asian Energy Services Ltd (AESL), a leading player in the energy infrastructure sector, is thrilled to announce its latest triumph in receiving a momentous LoA (alongside its JV partner) from Central Coalfields Ltd (subsidiary of Coal India Ltd). The work programme encompasses Planning, Design, Engineering, Construction, Fabrication, Erection, Supply, Installation, Testing, Trial run and Commissioning of a Coal Handling Plant, along with SILO loading at KARO OCP consisting of all Civil, Structural, Electrical and Mechanical Works and Operation & Maintenance of the plant for 5 years. This esteemed project is valued at INR 250 crore rupees inclusive of taxes.
This LoA marks a major milestone for AESL, not only expanding its services portfolio but also reinforcing its presence in the rapidly expanding energy infrastructure sector in India. The execution of works under this project will contribute significantly to the company’s financial performance in FY25 and FY26 while providing long-term revenue visibility.
Mr. Kapil Garg, MD of Asian Energy Services Ltd, expressed his excitement, stating, “We are elated to receive LoA from CCL for this project. It is a testament to our credibility and reputation within the energy industry and strengthens our commitment to delivering high- quality projects and services. We look forward to executing the project efficiently and further enhancing our service offerings. We are well positioned to partake in the ongoing upgradation and modernization of India’s energy infrastructure and are on the lookout for more project awards in the coming months. These projects will further reinforce the bedrock of AESL’s order book, which currently stands at approximately Rs 1200 CR, and provide revenue visibility for FY25 and beyond.”.
The successful bid for this contract aligns with AESL’s strategic vision to diversify its portfolio and solidify its position as a key player in the energy infrastructure landscape. The company remains dedicated to delivering excellence in every project it undertakes, thereby contributing to the nation’s energy security and sustainable growth.
Feb 8, 2024 | Uncategorized
Global hospitality leader Accor is rewarding event planners with a host of value-added benefits with its industry leading ‘The Choice is Yours’ offer. Available to ALL – Accor Live Limitless and Accor Plus members who book a social celebration, wedding, business meeting or conference at an Accor hotel in India, the offer is designed to give planners a choice of benefits to choose from to suit their specific event requirements and budget.
Qualifying planners who book an event until 31 December 2024 will receive up to a 30 percent deduction on the master bill. The offer also includes a choice of a complimentary upgrade to the next higher category meeting or catering package, or one complimentary guest room for every ten guest rooms booked. ALL and Accor Plus members will delight in the double rewards points offered for qualifying events.
This unmatched offer empowers qualifying planners to tailor their social celebrations, weddings, business meetings and conferences to their specific requirements and budgets at any Accor hotel in India.
Commenting on the company’s incentives for event and meeting planners, Ms. Pratima Badhwar, Head of Commercial, Accor India and South Asia, said, “Accor is committed to providing the best-in-class experiences for our guests and partners. ‘The Choice is Yours’ offer exemplifies our commitment to the MICE industry by offering tailored benefits and an unparalleled level of flexibility. We believe this initiative will transform the way events are planned, setting a new standard for excellence in hospitality and contributing to the growth of the industry.”
Accor’s ‘The Choice is Yours’ offer for ALL and Accor Plus members is available at Raffles, Fairmont, Sofitel, Pullman, Novotel, Grand Mercure, Mercure, ibis and ibis Styles hotels.
Feb 6, 2024 | Uncategorized
In a first of its kind initiative, Swiss GRC, a trailblazer in Governance, Risk, and Compliance (GRC) solutions, proudly declares its strategic expansion into the Indian market with a press conference scheduled for February 6th, 2024, at Taj Man Singh. The conference will unveil Swiss GRC’s comprehensive plans and initiatives for the Indian business landscape.
Guest of honor, Mr. Besfort Kuqi, Co-Founder and CEO of Swiss GRC and Mr. Rajeev Dutt, General Manager, MEA & APAC will be gracing the event with their presence.
Swiss GRC, which originated over 25 years ago as an information security management solution, has evolved into a global leader in the GRC domain. The company’s journey showcases a commitment to adapting and innovating to meet the evolving demands of modern corporate governance. With a focus on various GRC aspects, from Risk Management to Business Continuity, Swiss GRC’s GRC Toolbox has made a significant positive impact on organisations worldwide. The expansion into India reflects the company’s confidence in contributing meaningfully to the country’s business ecosystem.
The expansion announcement conference on February 6th will detail Swiss GRC’s market entry strategy, emphasising key elements. Swiss GRC will present its flagship product GRC Toolbox, showcasing how the platform addresses the unique needs and regulatory landscape of the Indian business environment. The representatives will elaborate on its approach to engaging with local businesses, regulatory bodies, and other stakeholders to ensure a successful launch in India.
“India is in the top 5 countries by GDP growth and it could become the world’s third-largest economy in less than a decade. India’s equity market has now seen eight straight years of gains. It is a large and growing market with a diverse range of industries. India is projecting the best GDP growth and economic growth and development in the world for 2024, which has led to increased corporate activities and regulatory complexities.
India has a complex regulatory landscape and industry-specific regulatory compliance requirements, and it is also bringing an increased emphasis on Corporate Governance. We believe, Swiss GRC can help Indian entities navigate this growing landscape safely. We have been getting leads from Indian companies, and Channel partner enquiries have increased in the past year. So, this expansion decision comes at the right time and we are looking forward to having a strong base in India”, shared Mr. Besfort Kuqi, Co-Founder and CEO of Swiss GRC.
“We are very excited to expand our services in India as the country needs DC in India, and many Govt. and Public Sector companies prefer On-premise deployment. So, Swiss GRC will be offering On-Premise, Cloud and Private Cloud deployment options for the Indian market. We want to be the leading GRC player in the Indian market, with happy and satisfied customers getting value for money. This conference marks the first step towards our global expansion plans, and we will ensure that the Indian customers find our GRC solution affordable, User friendly, simple and easy to use”, shared Mr. Rajeev Dutt, General Manager, MEA & APAC.
