Category: Business

  • Global Crude Prices Ease Further Amid Stable Supply Conditions

    June 24: Global crude oil prices hovered near four-month lows on Wednesday as easing supply concerns and improving market conditions reduced fears of potential shortages.

    International benchmark Brent crude remained under pressure, while US West Texas Intermediate (WTI) crude also traded at relatively subdued levels. The decline followed signs of stable supply flows and reduced geopolitical risks, which have helped calm energy markets after recent periods of volatility.

    Market participants noted that concerns over disruptions to global oil supplies have eased significantly, prompting traders to reassess risk premiums that had previously pushed prices higher. Expectations of adequate production from major oil-producing countries have also contributed to the softer price environment.

    Lower crude oil prices are being viewed positively by major oil-importing economies, as they help ease inflationary pressures, reduce import costs and improve fiscal stability. For countries heavily dependent on energy imports, the decline in oil prices could provide support to economic growth and consumer spending.

    Investors are now closely monitoring global demand trends, production decisions by major producers and broader economic indicators for clues on the future direction of oil markets.

    Despite the recent weakness, analysts believe crude oil prices could remain sensitive to geopolitical developments, supply adjustments and shifts in global economic activity in the coming months.

  • PeepalCo Appoints Banking Veteran Tushar Verma as VP – Banking & Institutional Business

    India, June 24: CoinSwitch’s parent company PeepalCo, today announced the appointment of Tushar Verma as Vice President Banking & Institutional Business. The appointment comes as the company continues to expand its offerings and strengthen partnerships across India’s financial ecosystem. At PeepalCo, Tushar will focus on HNI & Institutional Business lines, drive Strategic Alliances, and curate scalable banking frameworks that strengthen operating capabilities and support business growth.

    CoinSwitch Parent Company PeepalCo Appoints Banking Veteran Tushar Verma as VP Banking & Institutional Business

    Tushar, a seasoned banking and fintech leader with over two decades of experience across financial services, digital banking, domestic and cross-border payment infrastructure have been into leadership roles earlier as well.

    Prior to joining PeepalCo, he served as Chief Executive Officer at Bankit Technologies Pvt. Ltd. and earlier as Chief Business Officer at Niyo Solutions Inc. He has also held senior positions at Kotak Mahindra Bank and HSBC Bank before moving into the fintech sector. Throughout his career, Tushar has successfully driven business growth, forged strategic partnerships, led product innovation, and executed large-scale business expansion initiatives.

    Commenting on the appointment, Ashish Singhal, Co-founder and CEO, CoinSwitch, said

    As we continue expanding our offerings, strengthening our banking and institutional capabilities remains a strategic priority. Tushar brings deep experience across banking, fintech and payments, along with a proven track record of building partnerships and scaling businesses. His expertise will be instrumental in strengthening our ecosystem relationships and supporting our next phase of growth”. We are delighted to welcome Tushar to CoinSwitch.”

    Verma said

     “CoinSwitch has built a strong foundation by focusing on simplicity and customer trust, while consistently expanding its offerings to meet the evolving needs of modern investors. I see significant opportunities to deepen collaboration across the financial ecosystem and create greater value for customers. I am excited to join CoinSwitch at this stage of its journey and look forward to contributing to its next phase of growth.”

  • Markets Trade in a Narrow Range as IT Stocks Lead Early Gains

    Mumbai, June 24: Indian equity markets traded within a narrow range on Wednesday morning as investors assessed improving macroeconomic conditions and sector-specific opportunities. Lower crude oil prices and a stable rupee helped support sentiment, although caution persisted due to concerns over below-normal monsoon rainfall.

    The benchmark Sensex and Nifty posted modest gains in early trade, extending the subdued movement seen in the previous session. Market activity remained selective, with investors favouring sectors expected to benefit from current economic trends.

    Information technology stocks led the gains, emerging as the strongest performers among major sectors. Healthcare and pharmaceutical shares also attracted buying interest, reflecting investor preference for relatively defensive sectors. Banking stocks traded in positive territory, lending additional support to the broader market.

    Meanwhile, metal and automobile stocks faced mild selling pressure as traders booked profits and reassessed near-term growth prospects.

    The decline in global crude oil prices has provided relief for India by reducing inflationary pressures and easing concerns over import costs. A more stable currency and reduced foreign investor outflows have further strengthened market confidence.

    Despite these positives, market participants continue to monitor the progress of the monsoon season. Lower-than-expected rainfall could affect rural demand and consumer spending, particularly in sectors closely linked to agricultural incomes.

    Analysts expect markets to remain driven by sector-specific developments and economic indicators in the near term, with investors maintaining a balanced approach amid mixed signals from domestic and global markets.

  • WINS Acquires Control of 5 Newbuilt DP Crew Transfer Vessels Through Acquisition of Controlling Stake in Fast Offshore Supply Pte Ltd

    JAKARTA, June 24  - WINS acquires control through taking full ownership of Fast Offshore Supply Pte Ltd, expanding into the building and operation of Fast Aluminium Crew Transfer Vessels (CTV) with 5 units of new CTVs to be delivered in 2027 and a shipbuilding contract of 5 additional units for 2028 delivery. 

    PT Wintermar Offshore Marine Tbk (WINS) has acquired the remaining 52.5% shareholding of associated company Fast Offshore Supply Pte Ltd (“FOS”) in Singapore, and 49% of PT Fast Offshore Indonesia (“FOI”), in which WINS previously had a 51% stake, thereby gaining full control of FOS and its subsidiary FOI. 

    FOS has a significant presence in Brunei, having supplied offshore vessels there for 10 years. In 2025, FOS won an international tender to supply 5 units of next generation aluminum Crew Transfer Vessels (CTV) to a major oil company in Brunei, with delivery in 2027. These 5 units will be owned by FOS and chartered for an initial 5-year period with options to extend. Subsequently, FOS was awarded a shipbuilding contract by the same client to build and sell an additional 5 units of CTVs by 2028. These 55m CTVs are innovatively designed to meet stringent requirements, particularly for availability and operability throughout the year. Equipped with a motion-compensated gangway for safe personnel transfer to offshore platforms, DP systems, and triple bow thrusters, they will be powered by 4 units of CAT engines delivering 9,000 BHP and 4 units of Hamilton HT810 waterjets for propulsion. These high tier vessels provide critical station-keeping capability for safe personnel and cargo transportation services. 

    FOS is a specialized shipbuilder, having designed and built aluminum vessels in their shipyard in Singapore since 2008. FOS currently owns 7 units of Fast Multi-purpose Aluminum Vessels (FMPV), which were built in FOS’s shipyard in Singapore. With the acquisition, Wintermar’s high tier fleet will increase from 12 to 22 units including the 5 new build CTVs, while the DP fleet owned will increase to 25 units. 

    With strong oil prices, the OSV industry globally has demand growth while supply of new vessels has been limited. The lack of significant new building in the past years has also brought the average age of Wintermar’s fleet up to 16 years. This acquisition brings a fleet of newly built DP vessels with long term contracts, thus lowering the average age of the fleet to 14 years and providing earnings visibility, as well as introducing a new earnings stream from shipbuilding. 

    The Company is acquiring 52.5% of FOS from Seacoral Maritime Pte Ltd, an affiliated company of WINS, at a valuation of US$26 million, and 49% of FOI from FOS at US$7 million. The acquisition prices are in line with the independent valuation report, and this transaction has obtained a fairness opinion issued by an Independent Appraiser, KJPP Tri, Santi dan Rekan, dated 17 June 2026, in compliance with OJK regulation POJK 42/2020 regarding Affiliated Party Transactions and Potential Conflict of Interest Transactions, which states that the affiliated party transaction by WINS is fair. The transaction value represents a price-to-book ratio of 1.01% (FOS) and 0.96% (FOI) and is earnings accretive, as WINS will be able to fully consolidate the earnings arising from the 5-year charter and the shipbuilding contract. WINS will finance the acquisition through internal cash flow and a loan of US$20 million. Following the acquisition, FOI will be converted to a fully domestic Indonesian company compliant with Indonesian cabotage regulations and will focus on supplying Indonesian-flagged aluminum vessels in anticipation of stronger Indonesian demand. 

    With the acquisitions, FOS and FOI will become wholly owned subsidiaries of WINS, allowing WINS to fully capture the financial upside of the imminent charter and shipbuilding contracts without minority leakage. WINS has further strengthened its position as a leading OSV owner and operator of DP vessels in Asia and acquired a new fleet of DP vessels with long term contracts. This acquisition has expanded the scope of business and improves earnings visibility for the WINS group. 

  • Summer Tips for Pet Owners

    As temperatures rise, pets are at greater risk for heat-related illness, dehydration, and injury. Emergency and critical care specialists at the Cummings School of Veterinary Medicine at Tufts University, have put together a list of their top tips for a safe, fun season with your pet.

    Elizabeth Rozanski, D.V.M., DACVIM, (SAIM), DACVECC

    Professor, Department of Small Animal Clinical Sciences

    Expertise: Emergency and critical care of small animals

    Noa Berlin, D.V.M., DACVECC 

    Assistant Professor, Department of Small Animal Clinical Sciences

    Expertise: Emergency and critical care of small animals

    1.Never leave pets unattended in cars

    Bottom line: it can be fatal. Temperatures rise quickly in cars and the heat can do significant damage to a dog’s internal organs. Take pets inside or leave them at home. Even with the windows cracked, temperatures inside a car can climb rapidly.

    Limit exercise during peak heat

    Providing plenty of opportunities to rest, hydrate, and cool down is key. Walk dogs in the early morning or evening hours when temperatures are cooler. Avoid strenuous activity on hot, humid days, especially for senior pets, puppies, and brachycephalic (short-nosed) breeds.

    “Dogs use their airways to cool down through panting,” said Dr. Berlin. “Brachycephalic dogs (Bulldogs, Boston Terriers, Pugs, etc.) have trouble cooling down by panting due to the structure of their airways, which makes them more prone to heat stroke, as well as to having a breathing crisis and even a full airway obstruction from excessive panting. These dogs should not exercise on hot and humid days and should have frequent breaks to cool off and rest in the summer.”

    Check pavement before walks

    “When it’s 80 degrees out, the pavement can be over 120 degrees, which can cause serious burns to dogs’ paw pads within a few minutes,” said Dr. Berlin. “A good rule: if you can’t comfortably hold your hand on the surface for 5–7 seconds, it’s too hot for your pet.”

    Provide constant access to fresh water

    Hydration is critical. Ensure pets have clean, cool water available at all times—both indoors and outside.

    Offer shade and protection from the sun

    Outdoor pets need access to shaded areas throughout the day. Prolonged sun exposure can cause overheating and sunburn.

    Watch for signs of heat stress/stroke

    Early signs may include lethargy, heavy panting, bright red gums and tongue, rapid breathing, drooling, vomiting, and diarrhea. Advanced stages of life-threatening heat stroke can result in collapse, labored breathing, white or blue gums, and shock. If you notice these signs, move your pet to a cooler area and contact a veterinarian immediately.

    Give a cold-water bath or apply wet towels to a dog experiencing heat stress. When a dog’s body temperature escalates to a dangerous level, organ systems can be severely damaged. Every minute at these high body temperatures worsens the damage, so quickly cool them off while heading to a veterinarian.

    Use caution around bodies of water

    Not all dogs are strong swimmers. Supervise pets around pools, lakes, and oceans, and consider pet-safe life jackets. Keep a watchful eye on them and don’t forget to rinse the chlorine or salt water out of their fur after a dip.

    Protect against seasonal pests

    Warm weather increases exposure to fleas, ticks, and mosquitoes, which can carry various infectious diseases that can be harmful to your pet. Talk to your veterinarian about appropriate preventive medications for your pet. Schedule routine check-ups and ensure vaccinations are up to date.

    Be mindful of summer hazards

    Common seasonal risks include grills, fireworks, toxic plants, and foods. Keep pets away from open flames, unfamiliar objects, and human foods that may be dangerous.

    Backyard barbeques are a fun way to beat the heat but typical fare can pose health hazards. Bones, corn cobs, or sticks/skewers on which meat or other foods are grilled could wind up causing blockages or gastrointestinal perforations if eaten by your pet.  Fatty foods should also be avoided as they can cause gastrointestinal upset in dogs.

    “Use caution at cookouts as dogs can eat things that don’t agree with them or can cause injury,” said Dr. Rozanski.

    Lawn and garden insecticides, and mouse and rat baits can be harmful to cats and dogs if ingested so keep them out of reach as well.

    As you head out with your pet for some summer fun, keep emergency supplies on hand.  Even for a day trip, pack extra water, blankets, bandages and gauze so in the event a pet becomes sick or injured, you can administer initial first-aid on the way to the veterinarian.

    Keep identification up to date

    More time outdoors can mean more opportunities for pets to get lost. Ensure collars, tags, and microchip information are current.

  • AD Ports Group Increases Ownership in Global Feeder Shipping to 81% by Acquiring an Additional 30% Stake

    Abu Dhabi, UAE – 24 June 2026: AD Ports Group (ADPORTS:ADX), a leading global enabler of integrated trade, industry and logistics solutions, today announced that it has acquired an additional 30% equity stake valued at AED 1.1 billion (USD 300 million) in one of its most strategic assets, Global Feeder Shipping (GFS), raising its holding to 81%.

    In February 2024, AD Ports Group acquired a 51% stake in Dubai-based GFS, the world’s fourth-largest container feeder shipping line by capacity, with a call option to increase its ownership by December 2026. The Group has now exercised this call option at the same total Enterprise Value of AED 3.67 billion (USD 1 billion) set in 2024. The acquisition will be funded through a mix of debt and asset monetisation transactions.

    AD Ports Group Increases Ownership in Global Feeder Shipping to 81% by Acquiring an Additional 30% Stake

     

    AD Ports Group’s container feeder shipping business, which involves the transport of goods using small and medium-sized vessels between major transit hubs and smaller ports, has grown rapidly since its initial launch in 2020. GFS is among the Group’s most strategically significant assets. Through a sustained period of maritime disruption, GFS has maintained and expanded trade connectivity where other operators withdrew, ensuring the uninterrupted flow of cargo for customers across the GCC region, whilst serving the Indian Subcontinent, Red Sea, Far East, Mediterranean, and Africa regions — reinforcing AD Ports Group’s role as a reliable enabler of trade through volatility. In doing so, it has extended the Group’s geographic reach, broadened its customer base, and connected its terminals to a wider set of economies, with increased depth across the Red Sea and the Arabian Gulf. 

    The increase in ownership to 81% reinforces AD Ports Group’s cash flow generation and provides greater strategic and operational control over this core asset, enabling deeper integration with the Group’s ports, economic cities and logistics operations. This will further strengthen the end-to-end trade and logistics solutions AD Ports Group offers to customers worldwide. 

    Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO of AD Ports Group, said: “Through the acquisition of an additional 30% stake in Global Feeder Shipping, AD Ports Group is reaffirming its commitment to investing in one of the most important and high-performing assets within our integrated business portfolio. GFS has expanded our reach into new markets and brought us closer to our customers, connecting our ports to more economies across the Red Sea and the Gulf at a time when reliable trade connectivity matters most. Our increased ownership in GFS allows us to deepen its integration within the Group’s portfolio and enables further growth across our shipping business. We will now be in a stronger position to accelerate our journey to enable trade for our stakeholders, in line with the vision of our wise leadership.”

    Amir MaghamiCEO of Global Feeder Shipping, said: “Today marks an important step for GFS as we become more closely integrated into AD Ports Group, reinforcing the strength of our partnership. While the shipping industry continues to adapt to volatile market conditions, AD Ports Group’s support has enabled us to steadily expand our services and grow our fleet. Staying flexible and keeping customers at the centre of what we do has always been our priority, and I am excited to build on this momentum as we broaden our network and deliver even greater value in the months and years ahead.”

    In 2025, GFS transported 2.8 million TEUs (Twenty-Foot Equivalent Units) and made more than 700 voyages covering 89 ports in 54 countries. Since the acquisition of its initial 51% stake in February 2024, GFS generated total cumulative EBITDA of over AED 1.8 billion (USD 500 million).

    Alongside SAFEEN Feeders and Transmar, GFS forms the core of the Group’s container feeder shipping business, providing essential services for the movement of goods in and out of the UAE. In 2025, overall container feeder shipping revenue rose 17% year-on-year from 2024. The business also expanded the Group’s global footprint, playing an integral role in its trade ecosystem spanning Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital services business clusters.

    In 2025, the total revenue of the Maritime & Shipping Cluster grew 33% to AED 10.7 billion while the Cluster EBITDA rose 25% year-on-year to AED 2.5 billion. Overall, the Maritime & Shipping Cluster generated 51% of AD Ports Group’s revenue, and 45% of the Group’s EBITDA.

  • HDFC Mutual Fund Launches HDFC Nifty Auto Index Fund

    Mumbai, June 24: HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses, has launched HDFC Nifty Auto Index Fund (the “Scheme”), an open-ended scheme that seeks to provide investors an opportunity to participate in India’s automobile and auto ancillary growth story through a passive investment strategy. The New Fund Offer (NFO) opened on June 22, 2026 and closes on July 3, 2026.

    India’s automobile sector remains a key pillar of the country’s economic growth, manufacturing expansion, employment generation, and export competitiveness. The Scheme will invest in the constituents of the Nifty Auto Index (TRI), which comprises leading companies across passenger vehicles, two-wheelers, commercial vehicles, auto components, and related segments of the automobile ecosystem. The index currently consists of 15 stocks selected from the Nifty 500 universe and is designed to reflect the performance of India’s automobile sector.

    Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited, said, “At HDFC Mutual Fund, we remain committed to offering investors a diverse range of innovative investment solutions to fulfil our mission to be the wealth creator for every Indian. With HDFC Nifty Auto Index Fund, we aim to provide investors with an effective way to participate in the growth potential of the country’s Automobile sector and benefit from the enduring strengths. Backed by 20+ years of expertise in Index Solutions, we are well positioned to deliver this investment opportunity.”

    The Scheme will be managed by Ms. Nandita Menezes and Mr. Arun Agarwal. Investors can invest with a minimum amount of ₹100 during the NFO period and during the continuous offer period after the scheme reopens for subscription and redemption. There will be no entry or exit load under the Scheme. 

  • AD Ports Group Launches AI-Powered Intelligence Headquarters IHQ, Marking 20 Years of Digital Innovation

    Abu Dhabi, UAE – 23 June 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry and logistics solutions, today announced the launch of its AI-driven business intelligence headquarters IHQ, a Group-wide platform employing thousands of digital workers embedding AI across 20 global workstreams

    The launch of the platform is aligned with the UAE’s National Strategy for Artificial Intelligence to position the nation as a global AI leader by 2031, and underscores two decades of continuous investment by AD Ports Group in digital innovation.

    AD Ports Group Launches AI-Powered Intelligence Headquarters IHQ, Marking 20 Years of Digital Innovation

    Launched in the presence of H.E. Dr Mohamed Al Kuwaiti, Head of Cybersecurity Council for the UAE Government, at the Group’s Digital District- Zayed Port, the new platform will accelerate the Group’s digital transformation by systematically leveraging the efficiencies of AI through an approach that emphasises security, transparency, and the responsible use of artificial intelligence.

    For AD Ports Group’s customers and partners, the launch of IHQ will progressively improve the speed, efficiency, and customer-centric nature of the Group’s service offerings across its portfolio of Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital Clusters.

    Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said: “Over 20 years, AD Ports Group has grown from an Abu Dhabi-focused ports operator into a global trade enabler offering a full range of ports, transport, logistics and industrial solutions. Investment in a solid digital foundation has made this possible. With IHQ, we are building on this foundation to create an enterprise that continuously assists our ability to think, learn and evolve as a global business. Under the wise guidance of our leadership in the UAE, IHQ will leverage AI as a force multiplier for our people, in support of the 2031 National Strategy for AI.”

    AD Ports Group Launches AI-Powered Intelligence Headquarters IHQ, Marking 20 Years of Digital Innovation

    Mohamed Jamal-Eddine, Group Chief Digital & Information Officer, AD Ports Group, said: “At AD Ports Group, we will continue to invest ahead of the curve in the latest technologies to strengthen the UAE’s position as the world’s most intelligent trade hub. IHQ will make AI operational at enterprise scale. Every workstream selected for AI-powered transformation sits at a critical juncture, where artificial intelligence can measurably improve speed, accuracy and decision quality.”

    IHQ will focus on integrating AI capabilities deep into the enterprise workstreams of the Group, improving efficiency, decision making, and customer service, through a perpetual improvement process that speeds the profitable expansion of the business.

    At the time of the launch, IHQ features a number of transformed workflow demonstrations across workstreams, including port and berth optimisation, vessel arrival orchestration, software development and talent acquisition.

    Over the coming months, IHQ will enable systematic augmentation of AI across AD Ports Group’s 20 workstreams, multiplying the Group’s operational capacity.

    AD Ports Group is a recognised leader in AI implementation. In 2025, the Group was awarded a global Guinness World Record for deploying the most AI agents in a single logistics facility. During the same year, the Group published a blueprint, “Building Human-AI Teams: AD Ports Group’s Blueprint for Tomorrow’s Workforce” that outlined how AI-powered agents are transforming its operations.

     

  • Kärcher India Hosts Exclusive Hospitality Cleaning Meet in Zirakpur, Showcases Cleaning Solutions for the Sector

    New Delhi,  June 23: Kärcher India hosted an exclusive customer engagement evening in Zirakpur, Punjab, themed “PDIR – Preventive, Daily, Interim & Restorative Cleaning”, bringing together hospitality industry professionals, facility management experts, hotel representatives, and business partners to discuss evolving cleaning requirements and best practices for maintaining high standards of cleanliness and hygiene.

    Kärcher India Hosts Exclusive Hospitality Cleaning Meet in Zirakpur, Showcases Cleaning Solutions for the Sector

    The session focused on helping hospitality establishments improve operational efficiency, enhance guest experiences, and maintain superior hygiene standards through structured cleaning processes and modern cleaning technologies. Attendees gained insights into the PDIR approach, which helps hotels and hospitality facilities implement effective cleaning practices across preventive maintenance, daily upkeep, interim cleaning, and restorative deep-cleaning applications.

    The event featured expert-led discussions, interactive sessions, and live demonstrations on how cleaning solutions can help hotels improve cleanliness standards, optimise manpower utilisation, extend the life of assets, and create a safe and welcoming environment for guests.

    As part of the showcase, Kärcher demonstrated a comprehensive portfolio of professional cleaning solutions designed for hospitality applications, including:

    • Leaf Blower / Air Blower – Used for efficient removal of leaves, dust, and debris from outdoor hospitality spaces and landscaped areas.

    • Carpet & Upholstery Cleaner – Puzzi – Designed for deep cleaning of carpets, upholstery, mattresses, and fabric surfaces to maintain guest comfort and hygiene.

    • Carpet Vacuum Cleaner – CV 38/2 – Suitable for daily maintenance cleaning of carpets in hotel corridors, banquet halls, and guestrooms.

    • Hand Scrubber – Used for effective cleaning of washrooms, kitchen areas, tiles, and hard-to-reach surfaces.

    • Autonomous Vacuum Cleaner – KIRA CV 50 – Designed for automated floor vacuuming in hospitality facilities, enhancing productivity and operational efficiency.

    • Single-Disc Machine – BDS 43/150 C – Used for floor scrubbing, polishing, and deep cleaning applications across hotel premises.

    • Window Vacuum Cleaner – Enables streak-free cleaning of glass surfaces, windows, mirrors, and partitions.

    • High-Pressure Washer – Suitable for exterior cleaning of building facades, service areas, pathways, and outdoor spaces.

    • Steam Cleaner – SG 4/4 – Designed for chemical-free deep cleaning and sanitization of kitchens, washrooms, and high-touch hospitality areas.

    • Dry Vacuum Cleaner – T 15/1 – Ideal for quiet and efficient daily cleaning of guestrooms, lobbies, and common areas.

    • Wet & Dry Vacuum Cleaner – NT 22/1 – Suitable for handling both dry debris and liquid spills in hospitality environments.

    • Orbital Single-Disc Machine – BDS 43 Orbital – Designed for intensive floor cleaning, polishing, and surface restoration applications.

    Speaking at the event, Mr Puneet Sharma, Managing Director, Kärcher India, said,

    “The hospitality industry continues to place increasing emphasis on cleanliness, hygiene, and guest experience. As hotels and hospitality facilities work towards maintaining the highest operational standards, adopting structured cleaning practices and advanced technologies becomes increasingly important. Through initiatives such as this customer engagement programme, we aim to share industry best practices, demonstrate innovative solutions, and support hospitality businesses in creating cleaner, safer, and more efficient environments for their guests and staff.”

    The live demonstrations gave attendees an opportunity to experience Kärcher’s solutions first-hand and understand how the right combination of processes and technology can support long-term facility maintenance, operational efficiency, and guest satisfaction.

  • Sustained 7-8 pc Growth Key to Achieving Viksit Bharat by 2047: EAC-PM Chairman

    New Delhi, June 23: India will need to sustain an annual economic growth rate of 7-8 per cent over the coming decades to achieve its vision of becoming a developed nation by 2047, according to S. Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM).

    Speaking on India’s long-term development roadmap, the EAC-PM Chairman emphasized that consistent economic expansion, backed by reforms and investments, will be crucial for transforming the country into a developed economy by the centenary year of its independence.

    He highlighted that strong growth alone would not be sufficient and must be accompanied by improvements in productivity, employment generation, infrastructure development, education, healthcare, and technological innovation. Continued expansion in manufacturing, services, and digital sectors will also play a critical role in driving economic progress.

    According to the Chairman, India is well-positioned to capitalize on its demographic advantage, growing consumer market, and expanding global economic footprint. However, maintaining a high growth trajectory will require coordinated efforts from policymakers, businesses, and institutions.

    He further noted that investment in human capital, innovation, and competitiveness will be essential to ensuring inclusive and sustainable development. Strengthening economic resilience and accelerating structural reforms will also help India navigate global uncertainties while pursuing its long-term aspirations.

    The remarks come amid ongoing discussions on the Viksit Bharat@2047 vision, which seeks to transform India into a developed, prosperous, and globally competitive nation over the next two decades.

    The statement underscores the importance of sustained economic momentum as India charts its path towards becoming one of the world’s leading economies by 2047.