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  • Maveric Systems announces strategic brand positioning focused on Engineering Trust in AI-First Banking

    Chennai, May 11: Maveric Systems, a banking-exclusive technology specialist, announced its new market positioning — Engineering Trust in AI-First Banking — as financial institutions worldwide accelerate the transition from digital-first to AI-first enterprise models.

    Maveric Systems announces strategic brand positioning focused on Engineering Trust in AI-First Banking

    For CIOs, the shift from digital-first to AI is a business revisioning exercise. It requires reimagining people, processes, and technology through AI, ML and automation. This needs to happen across every critical imperative, from customer experiences and modernised, real-time systems, to operational cost reduction and regulatory compliance, as well as privacy.

    ” As AI moves into the core of the enterprise, the key challenge is how to scale AI reliably, securely, and responsibly across highly regulated, legacy-complex environments”, said Ranga Reddy, CEO & Whole Time Director, Maveric Systems. “What banks need is not another technology vendor; they need a partner who can engineer trust into every layer of AI and ML-led transformation. That is the promise behind Maveric’s new positioning.”

    Maveric’s Engineering Trust positioning is anchored in four core strengths:       

    • ·AI at the Core, Not the Edges: Maveric embeds AI into core systems, operations, and decision layers, not at the periphery through isolated pilots. This shifts banks from fragmented experimentation to enterprise-wide AI-first models with real governance, observability, and accountability.
    • ·Principles that engineer trust: Maveric applies a standards-led engineering approach, embedding AI principles including fairness, explainability, reliability, privacy and global banking standards and regulatory requirements, ensuring AI is compliant by design.
    • ·Pragmatic, Outcome-Driven Execution:  Every engagement is anchored to quantifiable business impact – faster customer onboarding, real-time decisioning, reduced cost-to-serve, improved fraud detection, and accelerated modernization.
    • ·Deep Banking DNA:  With over 25 years of exclusive focus on banking and financial services, Maveric builds AI within the fabric of banking, not on top of it. This domain depth ensures every AI model, use case, and solution is aligned to real-world banking processes, regulatory constraints, and customer realities across geographies.

    To support CIOs AI-first journey, Maveric brings its purpose-built platforms and solutions ecosystem. PulseAI delivers continuous quality intelligence, PrismAI strengthens data integrity and data confidence, InsightHubAI unifies customer intelligence, and EdgeOpsAI provides intelligent reliability and operations.

    These platforms, alongside AI-powered solutions spanning customer service, fraud and risk, application modernization, intelligent document management, and software engineering acceleration, are designed to enable scalable, responsible AI adoption across the enterprise.

    At the center of this ecosystem is Maveric’s proprietary AI @ Scale framework enabling banks to move from isolated AI use cases to industrialized transformation through business revisioning and process and technology reimagination. At the line of business and function levels, the framework integrates domain-aligned data foundations, multi-agent orchestration, AI governance, lifecycle management, and outcome-driven execution into a unified delivery model.

    With a presence across three continents and 25+ years of long-standing relationships with global banks, regional leaders, and emerging fintechs, Maveric Systems is uniquely positioned to help financial institutions build the next generation of AI-first enterprises with trust engineered into every layer.

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  • Nation First, Duty Above Comfort – PM Modi Urges Citizens to Conserve Fuel Amid West Asia Crisis !

    New Delhi, May 11 (BNP): Prime Minister Narendra Modi has urged citizens to place “nation first” and adopt responsible practices to minimise the impact of the ongoing West Asia crisis on India’s economy and energy security.

    Nation First, Duty Above Comfort - PM Modi Urges Citizens to Conserve Fuel Amid West Asia Crisis !

    Emphasising that the Centre is making all possible efforts to protect people from the adverse effects of the conflict, the Prime Minister appealed to citizens to use fuel and essential resources judiciously during the challenging period.

    Among the key appeals, PM Modi called on people to reduce unnecessary consumption of petrol and diesel, avoid wastage of electricity and fuel, and support measures aimed at maintaining economic stability. He also urged citizens to prioritise national interest over personal comfort and cooperate with the government in managing the situation responsibly.

    The Prime Minister highlighted that global tensions in the West Asia region could affect fuel prices, supply chains, and economic conditions worldwide, including India. He assured that the government is continuously monitoring the situation and taking necessary steps to ensure adequate availability of essential commodities and energy supplies.

    The appeal comes amid rising international concerns over escalating tensions in the Gulf region and their possible impact on global markets and oil trade.

  • FM Announces Record USD 1.5 Billion Membership Credit

    May 11: Commercial property insurer FM today announced its largest-ever membership credit of approximately US$1.5 billion for eligible mutual policyholders, highlighting an extraordinary year of partnership, protection and loss prevention.

    This year’s record membership credit was driven by FM’s clients, whose commitment to risk mitigation and loss prevention drove historically low losses. In 2025, FM partnered with clients to complete more than 48,000 loss prevention recommendations, reducing loss exposure associated with property risk by an estimated US$1 trillion.

    In recognition of these achievements, FM is providing an additional one-time 5% enhancement to the membership credit for all eligible clients. Including FM’s recent enhanced resilience credit, 2026 declared FM policyholder credits total US$2.3 billion, which represents more than 100% of FM’s 2025 underwriting profit.

    “This year’s FM membership credit is a testament to the strong partnerships that we forge with our clients and their steadfast commitment to building resilience and preventing losses before they happen,” said Malcolm Roberts, chairman and chief executive officer of FM. “In today’s rapidly changing and unpredictable environment, resilience has never been more relevant. Thanks to the power of our mutual business model and our shared commitment to risk mitigation, we can share our success with our clients. By working together, we are creating a more resilient future.”

    The membership credit is made possible by FM’s strong financial performance and mutual company structure. Through the membership credit program, FM will offer a credit to all eligible mutual policyholders with renewal or anniversary dates from June 30, 2026, through June 29, 2027, in the form of a premium offset at the time of policy renewal.

    With this year’s credit, FM will have returned more than US$8.9 billion through its membership credit program since 2001.

    This year’s FM membership credit includes the standard allocation across all four tiers, along with a one-time 5% enhancement recognizing clients’ unprecedented level of loss mitigation and prevention. FM mutual policyholders eligible for the credit will receive the following:

    • 10% credit for fewer than five consecutive years.
    • 15% credit for at least five consecutive years but fewer than 10 years.
    • 17.5% credit for at least 10 consecutive years but fewer than 15 years.
    • 20% credit for at least 15 consecutive years.
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  • Juicy Couture Unveils New Retail Destination in Hyderabad, Reinforcing India Expansion Strategy

    Hyderabad, May 11: Juicy Couture, the iconic global lifestyle brand known for its glamorous and playful take on everyday fashion, has launched its newest retail store at Lake Shore Mall, Kukatpally, Hyderabad. The new store brings the internationally renowned, Los Angeles–based fashion brand to one of South India’s most vibrant and fast-evolving cities. 

    Juicy Couture Unveils New Retail Destination in Hyderabad, Reinforcing India Expansion Strategy

     

    Located in the popular Lake Shore Mall, the store offers an immersive shopping experience that reflects Juicy Couture’s signature blend of casual luxury, glamorous lifestyle, and bold fashion statements. Shoppers can explore an exclusive assortment of the brand’s iconic velour suits, trend-forward tees and tanks, stylish handbags, and other lifestyle products tailored for an aspirational lifestyle. The debut in Hyderabad underscores the brand’s commitment to connecting directly with the metropolitan consumer base through a meticulously curated retail environment that blends global trends with the city’s evolving fashion sensibilities. 

    Commenting on the launch, Abhinav Kumar, Co-founder, Brand Concepts Limited, said:

    “Juicy Couture continues to resonate strongly with fashion-forward consumers in India who appreciate brands that blend style with individuality. Hyderabad is a vibrant and fast-evolving retail market, and we are excited to further strengthen the brand’s presence while bringing Juicy Couture’s distinctive aesthetic closer to customers in the city.”

    The debut marks a significant milestone in Juicy Couture’s expansion in India, reflecting the brand’s continued focus on bringing premium international fashion to key markets across the country. The launch introduces Juicy Couture’s signature aesthetic and globally celebrated collections to Hyderabad’s growing community of style-conscious consumers.

    With this launch, Brand Concepts Limited continues to strengthen its role in expanding the presence of leading global fashion brands in India. As the official partner of Authentic Brands Group for Juicy Couture in the country, Brand Concepts Ltd. is focused on growing the brand’s reach across apparel, handbags, accessories, and travel gear, making its distinctive style accessible to a wider audience of Indian consumers.

    Store Address: Ground Floor, Unit No. 20, Lake Shore Mall, Y-Junction, Kukatpally, Hyderabad – 500072

  • RSWM Ltd. showcases AW27 denim collection ‘In-DIG’o Alchemy’ at Denimsandjeans India 2026 in Bengaluru

    Mumbai, May 11: RSWM Ltd., the flagship company of the LNJ Bhilwara Group, showcased its latest Autumn/Winter 2027 denim collection, ‘In-DIG’o Alchemy – Where chemistry creates character’, at the 7th edition of Denimsandjeans India 2026, held on May 6–7, 2026, at The Lalit Ashok, Bengaluru. The collection was presented to industry stakeholders, buyers, designers, and apparel manufacturers, reinforcing LNJ Denim, a denim-manufacturing facility under RSWM Limited, focus on innovation-led product development and future-ready denim solutions.

    Inspired by the transformative nature of indigo, the ‘In-DIG’o Alchemy’ collection reflects the intersection of science, craftsmanship, and evolving fashion sensibilities. Structured across six categories, Pulse, IndieCraft, Nova-Lab, Aerolite, MetroEdge, and Neo-City, the collection spans essential denim constructions, heritage-inspired textures, performance-led innovations, lightweight fluidity, metropolitan versatility, and elevated expressive finishes. The collection integrates advanced fibre engineering, sustainable processes, and versatile applications, showcasing LNJ Denim’s strong R&D and manufacturing capabilities across evolving market requirements.

    Commenting on the showcase, Mr. Ashish Bhatnagar, Deputy Business Head & CMO, LNJ Denim (RSWM Ltd.), said,

    “Denimsandjeans India provides a strong platform to engage with key stakeholders across the denim and fashion ecosystem. Through ‘In-DIG’o Alchemy’, we are presenting a collection that balances innovation, functionality, and creative expression, while aligning with the evolving expectations of global consumers and apparel markets.”

    RSWM’s participation at Denimsandjeans India 2026 further strengthens its strategic focus on innovation, sustainability, and design excellence within the global textile value chain. The collection reflects the company’s continued commitment to developing adaptive and responsible denim solutions that cater to both contemporary fashion trends and performance-driven applications.

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  • CM Vijay Signs First Official Files After Taking Oath as Tamil Nadu Chief Minister!

    Chennai, May 11 (BNP): On his very first day as the Chief Minister of Tamil Nadu, C. Joseph Vijay on Sunday signed three important files aimed at public welfare and social security. One of the key decisions includes providing 200 units of free electricity to domestic consumers using up to 500 units of electricity on a bimonthly basis.

    CM Vijay Signs First Official Files After Taking Oath as Tamil Nadu Chief Minister!

    Mr. Vijay signed the files shortly after the swearing-in ceremony held at the Jawaharlal Nehru Stadium in Chennai, in the presence of thousands of fans, supporters, and party workers.

    Apart from the free electricity scheme, the newly sworn-in Chief Minister also announced the formation of a special task force to combat the growing drug menace in the state and directed officials to implement stronger measures to ensure women’s safety.

    The announcements mark the beginning of Vijay’s administration with a focus on welfare, law enforcement, and public safety.

  • AKL Launches New Era of Indian Kabaddi; Sony Sports Network Named Official Broadcast Partner

    AKL Launches New Era of Indian Kabaddi; Sony Sports Network Named Official Broadcast Partner

    New Delhi. May 11: Indian sports enters a new chapter with the official launch of the AKL league and the announcement of its broadcast partnership with Sony Sports Network. Rooted in the spirit, resilience, and heritage of kabaddi, AKL aims to create a modern sporting platform connecting grassroots talent with a global audience.

    Born from a vision to elevate kabaddi beyond boundaries, AKL has spent months building strong foundations through nationwide campaigns, player scouting initiatives, community outreach programs, and open trials across multiple regions. The overwhelming response from athletes, fans, and local communities reflects the growing passion for the sport and the need for a league that truly represents the heart of Indian kabaddi.

    AKL’s journey goes beyond competition. The league is committed to creating opportunities for athletes, strengthening the sporting ecosystem, and celebrating a sport deeply embedded in India’s cultural identity. With Sony Sports Network as the official broadcast partner, AKL is set to bring high-quality kabaddi action and inspiring stories from the mat to millions of viewers across the country.

    As AKL takes its first official step forward, the league remains dedicated to discovering future stars and taking kabaddi to greater heights both nationally and internationally.

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  • L V Prasad Eye Institute organises Whitathon Run, an annual cause-related awareness event

     

    L V Prasad Eye Institute organises Whitathon Run, an annual cause-related awareness event

     

     

    Hyderabad, May 11: The eighth edition of Whitathon Run, the annual cause-related awareness and fundraising event organised by L V Prasad Eye Institute, was held on Sunday morning at the University of Hyderabad, Gachibowli. The run commenced at 5:30 a.m. and witnessed enthusiastic participation from over 2,000 runners, families, students, healthcare professionals, volunteers and supporters from across Hyderabad.

    The event featured four race categories — 3K, 5K, 10K and 21K.

    The 21K Half Marathon was flagged off by Dr Prashant Garg, Dr Vijay Anand Reddy, Arun Kumar Kalliapan and Dr Swati Kaliki.

    The 10K run was flagged off by Dr Prashant Garg, Sri Venkatesh Reddy, Dr Vijay Anand Reddy and Dr Swati Kaliki.

    The 5K run was flagged off by Dr Merle Fernandez, Srinivasa Rao and Dr Swati Kaliki. The dignitaries also joined in flagging off the other race categories.

    Supported by Hyderabad Runners, Whitathon 2026 continued its mission of raising awareness about Retinoblastoma, a life-threatening eye cancer that primarily affects children below the age of three. The event also aimed to mobilise support for free treatment and research initiatives for underprivileged children diagnosed with the disease.

    In the Men’s Half Marathon category, Suraj Sarkar secured first place with a timing of 1:30:02, followed by Tapan Rai at 1:37:51 and Md. Shahbaz at 1:42:40. In the Men’s 10K category, Pradeep Thakur emerged winner with a timing of 0:45:05, while Viresh Sharadi and Ranbir Singh Bagga finished second and third with timings of 0:45:26 and 0:46:14 respectively. In the Women’s 10K category, Kitu Sheron topped the field with a timing of 0:49:57, followed by Aishwarya Agarwal at 0:56:18 and Anisha Sharma at 0:58:57. In the Men’s 5K category, Mohd Yonus finished first with a timing of 0:21:15, followed by Umesh Bishwakarma at 0:21:48 and Vennam Anand at 0:22:28. In the Women’s 5K category, Pranika Dixit secured first place with a timing of 0:29:22, while Swarna and Nikhitha George finished with timings of 0:32:16 and 0:33:49 respectively.

    The central message of Whitathon — recognising the “White Reflex” in a child’s eye as an early warning sign of eye cancer requiring immediate medical attention — was amplified throughout the event through awareness activities and participant engagement.

    Speaking on the occasion, representatives from LVPEI emphasised the urgent need for early detection and timely intervention in Retinoblastoma cases. While more than 90% of children treated at LVPEI survive the disease, vision can be preserved in only about 45% of cases due to delayed diagnosis and presentation.

    India accounts for nearly 20–25% of Retinoblastoma cases worldwide. Globally, nearly half of affected children lose their lives because of late detection and inadequate treatment. Medical experts reiterated that Retinoblastoma is highly curable when identified early, helping save the child’s life, eye and vision.

    Funds raised through Whitathon 2026 will support treatment for children from economically disadvantaged families and contribute towards research into advanced and novel treatment options for Retinoblastoma.

    Since its inception in 2018, Whitathon has steadily grown into a major community-driven awareness initiative in Hyderabad, reflecting the city’s strong culture of social responsibility and public participation.

    Over the past decade, LVPEI has treated more than 2,500 patients with Retinoblastoma. The institute continues to provide over 50% of its services entirely free of cost, irrespective of the complexity of care required, through its unique cross-subsidy and Eye Health Pyramid models.

    Established in 1987 with the vision “to create excellent and equitable eye care systems that reach all those in need,” L V Prasad Eye Institute is a comprehensive eye health institution and a World Health Organisation Collaborating Centre for the Prevention of Blindness. LVPEI is also globally recognised for its cutting-edge eye research, with more than 5,000 scientific papers published in leading international journals.

    Whitathon 2026 concluded on a high note, with participants pledging to continue spreading awareness about childhood eye cancer and the importance of early eye screening for children.

    The Scores

    Winners and Timings

    In the Men’s Half Marathon category, the top three finishers were:

    • Suraj Sarkar — 1:30:02
    • Tapan Rai — 1:37:51
    • Md. Shahbaz — 1:42:40

    In the Men’s 10K category, the top three finishers were:

    • Pradeep Thakur — 0:45:05
    • Viresh Sharadi — 0:45:26
    • Ranbir Singh Bagga — 0:46:14

     In the Women’s 10K category, the top three finishers were:

    • Kitu Sheron — 0:49:57
    • Aishwarya Agarwal — 0:56:18
    • Anisha Sharma — 0:58:57

    In the Men’s 5K category, the top three finishers were:

    • Mohd Yonus — 0:21:15
    • Umesh Bishwakarma — 0:21:48
    • Vennam Anand — 0:22:28

    In the Women’s 5K category, the top three finishers were:

    • Pranika Dixit — 0:29:22
    • Swarna — 0:32:16
    • Nikhitha George — 0:33:49

     

    —Business News For Profit

  • Godrej Enterprises Group advances India’s aero engine capabilities through precision engineering and global trust

    Maharashtra is well positioned to emerge as a globally significant aerospace manufacturing and supply chain hub

    Chandigarh, 10 May 2026: The Aerospace business of Godrej Enterprises Group is strengthening India’s aero engine and high-value aerospace manufacturing capabilities through advanced precision engineering, world-class quality execution, and deep trust built with leading global players. As the only private company in India with demonstrated capability to manufacture all modules of an aero engine, Godrej is playing a significant role in advancing the nation’s Atmanirbhar Bharat vision.

    Godrej Enterprises Group advances India’s aero engine capabilities through precision engineering and global trust

    Established in the 1980s, the aerospace business of Godrej Enterprises Group has been a trusted partner in several nation-building missions and has steadily evolved into a key player within the global aerospace ecosystem. Today, it partners with leading aerospace OEMs including Boeing, Safran Aircraft Engines, GE Aerospace, Rolls Royce and RTX—relationships built on flawless execution, zero-defect quality, and consistent delivery of complex, safety-critical aerospace systems. The business has recorded nearly 25% year-on-year growth, while exports have grown by over 30%, reflecting its expanding role in global aerospace supply chains.

    Looking ahead, the business has committed an investment of approximately ₹100 crore over the next three years to accelerate innovation-led growth across design, research and development, new product development, and advanced digital manufacturing technologies. Its engineering capabilities are anchored by a dedicated R&D centre, including a specialised design office focused on mechanical and electromechanical actuation systems for aircraft—marking an important milestone in the company’s transition from built-to-print to built-to-spec capabilities.

    Further strengthening this ambition is the business’ new manufacturing facility in Khalapur, Maharashtra, spread across 100 acres and two plants, which will serve as a critical capacity expansion hub for advanced aerospace and propulsion-adjacent programmes serving both India and global OEMs. Backed by strong infrastructure, port connectivity, a deep engineering talent pool, and a growing advanced manufacturing ecosystem, Maharashtra is well positioned to emerge as a globally significant aerospace manufacturing and supply chain hub.

    Maneck Behramkamdin, Business Head, Aerospace Business, Godrej Enterprises Group, said: “Aero engine ecosystems are built on deep engineering capability, uncompromising quality, resilient supply chains, and sustained execution credibility. Our journey reflects the trust we have earned from global OEMs and our long-term commitment to indigenising critical aerospace systems. With continued investments in innovation, advanced manufacturing, and people capability, Godrej is well positioned to support India’s aero engine ambitions and contribute meaningfully to the global aerospace value chain.”

    A defining milestone in this journey has been Godrej’s indigenous development and manufacture of critical aerospace systems, including actuators—positioning it among a select few with such advanced capabilities in India. This reflects the company’s evolution from a precision component manufacturer to a design-led engineering partner capable of delivering integrated aerospace systems.

    Driven by precision engineering, a strong quality culture, and long-term capability building, Godrej continues to strengthen India’s position as a trusted and globally competitive aerospace manufacturing partner.

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  • Gladiators Lift Their Maiden PHL 2026 Trophy as Payments Heroes League Concludes with a Grand Closing Ceremony in Bhubaneswar

    Bhubaneswar, Odisha, May 2026: Payments Heroes League (PHL) 2026, India’s premier corporate cricket tournament for the payments, fintech, and BFSI ecosystems, concluded on a high note with a closing ceremony and grand finale after seven days of cricketing action, camaraderie, and entertainment, with Gladiators creating history by lifting the PHL Trophy for the very first time.

    The week-long tournament witnessed several closely contested matches, keeping the excitement alive among players and audiences throughout the event. Getting inspired with the latest win of our Indian women cricket team in World Cup, The tournament commenced with an energetic Women’s League match , setting the tone for an action-packed season. Team Finix emerged victorious in the Women’s League category with an impressive performance. iServeU giving the similar space to their women employees to showcase their talent.

    The much-anticipated grand finale was played between Gladiators and defending champions Nimurai. The tournament also witnessed stellar performances from former Ranji players, whose experience and leadership significantly contributed to the competitive spirit and quality of the matches throughout the season. Former Ranji cricketer Payash Ranjan once again showcased his excellence on the field and was awarded the Purple Cap Award for emerging as the tournament’s highest wicket-taker. He was also honoured with the Best Bowler of the Tournament award.

    Speaking on the victory, the franchise owner of Gladiators Mr. Abinash Nanda, CBO- iServeU said, “Winning the PHL 2026 trophy for the very first time is a proud and emotional moment for our entire team. The tournament was highly competitive, and every match pushed us to perform better. This victory is the result of hard work, dedication, and team spirit of every player.”

    The franchise owner of Nimurai Mr. Sanjib Parida added, “PHL 2026 has been a wonderful platform showcasing competitive cricket, sportsmanship, and camaraderie. It was great to be part of such an exciting season, and we congratulate Gladiators on their remarkable performance in the finals also thanks to all Ranji players to level up the game it was indeed a great experience.”

    The Orange Cap Award for impactful batting performance was awarded to Arindam Chakroborty, while Natraj Behera, the ex-Ranji player, lit up the tournament with a stunning 147 in the final, and was recognised as the Best Batsman of the Tournament for his exceptional batting performances throughout the league.

    Dev Kalyan Sahani was awarded the prestigious Man of the Series title for his consistent and outstanding contribution across the tournament.

    The closing ceremony was graced by Chief Guest Rahul Singh, Country Head – Private Baking – IDFC bank, who congratulated all participating teams and applauded the platform for promoting sportsmanship, wellness, and collaboration within the corporate ecosystem. Beyond the cricket, PHL 2026 also served as a powerful networking arena for the payments and BFSI industry. With senior executives and decision-makers from leading banks and fintech companies present across the seven days, the league provided a natural and engaging environment for meaningful connections — bridging the gap between financial institutions and technology innovators in a setting that went well beyond the boardroom.

    PHL 2026 was made possible by the generous support of its sponsors, who joined as valued partners in bringing this vision to life. The tournament was supported by leading industry players including Axis Bank (Title Sponsor), IDFC First Bank, Union Bank, DCB Bank, Trendit, Eshopbox, Zenisk, Lyra, Morefun, mPurse, Livlong, Vodafone, Campa Cola, and Decathlon. Their participation and presence at the event reflected the growing recognition of PHL as a premier platform for brand visibility and community engagement within the ecosystem.

    In recognition of their valuable contribution to the tournament, participating Ranji players were felicitated during the ceremony as Decathlon PHL Heroes. Umpires were also honoured by Aaonxt for their dedication and support throughout the tournament.

    The closing ceremony beautifully celebrated cricket, entertainment, teamwork, and community participation, making this edition of Payments Heroes League a memorable and grand success.

      

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