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Category: Business

  • MIL-OSI: EnBW International Finance B.V. – Annual Report 2024

    Source: GlobeNewswire (MIL-OSI)

    EnBW International Finance B.V. : Annual Report 2024 

    In accordance with the Transparency Directive (Directive 2004/109/EC), as amended by the Transparency Directive Amending Directive (Directive 2013/50/EU), and following the choice of EnBW International Finance B.V. for the Netherlands as Home Member State, EnBW International Finance B.V. hereby informs that the annual report and financial statements for the financial year ended 31 December 2024 has been filed with the Autoriteit Financiële Markten (AFM) in the Netherlands and is available on the internet site: RC 12.2024 EDP Finance BV Complete Version VF.pdf 

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Sintx Technologies Announces Board Chairman Transition

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, Utah, March 17, 2025 (GLOBE NEWSWIRE) — Sintx Technologies, Inc. (NASDAQ: SINT) (“Sintx” or the “Company”), a leader in advanced ceramics for medical device and technical applications, today announced that Dr. Sonny Bal has retired as Chairman of the Board, and the Board of Directors has unanimously appointed Eric Olson, the Company’s Chief Executive Officer, as its new Chairman, effective immediately.

    Dr. Bal, who has served as Chairman since 2015, has played a crucial role in driving Sintx’s transformation, strengthening its core business, and positioning the Company for growth in the advanced materials sectors. He will continue to support the Company as a member of the Board of Directors, ensuring continuity as Sintx executes on its strategic objectives.

    “On behalf of the Board and the entire Sintx team, I want to thank Sonny for his years of leadership, vision, and commitment to innovation,” said Eric Olson, CEO and newly appointed Chairman. “His guidance has helped prepare Sintx’s transition toward high-value medical applications and strategic partnerships. As we move into the next phase of execution, I am excited to lead the Company in advancing our commercial strategy, optimizing our asset portfolio, and delivering long-term value to our shareholders.”

    Dr. Bal commented, “It has been an honor to serve as Chairman of Sintx Technologies and work alongside such a talented team. I am confident that under Eric’s leadership, Sintx is well-positioned for the next stage of growth, with a clear focus on unlocking the full potential of its biomaterial technology platform.”

    Since being appointed CEO in August 2024, Eric Olson has refocused the Company on high-growth opportunities in biomedical and medical device applications. With a proven track record of leadership in the medical device and industrial sectors, his appointment as Chairman reinforces Sintx’s commitment to accelerating commercialization, enhancing financial discipline, and exploring strategic initiatives, including partnerships, licensing, and M&A opportunities.

    For more information, please visit www.sintx.com

    About SINTX Technologies, Inc.

    Located in Salt Lake City, Utah, SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components, and technologies for medical applications. SINTX is a global leader in the research, development, and manufacturing of silicon nitride, and its products have been implanted in humans since 2008. Over the past several years, SINTX has utilized strategic acquisitions and alliances to enter into new markets. For more information on SINTX Technologies or its materials platform, visit www.sintx.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”) that are subject to a number of risks and uncertainties. Forward-looking statements can be identified by words such as: “anticipate,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

    Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, difficulty in commercializing ceramic technologies and development of new product opportunities. A discussion of other risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements can be found in SINTX’s Risk Factors disclosure in its Annual Report on Form 10-K, filed with the SEC on March 27, 2024, and in SINTX’s other filings with the SEC. SINTX undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report, except as required by law.

    Business and Media Inquiries for SINTX:
    SINTX Technologies
    801.839.3502
    IR@sintx.com

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Gradial Secures $13M to Build AI Marketing Operations Agents

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, March 17, 2025 (GLOBE NEWSWIRE) — Gradial, a pioneering AI startup transforming enterprise marketing operations with AI agents, today announced it has secured $13 million in Series A funding, bringing its total capital raised to nearly $20 million. The Series A round is led by Madrona with participation from Pruven Capital, General Advance, Outsiders Fund, and DLA Piper. The investment comes as Gradial reported 30x year-on-year revenue growth in 2024 and projects 200%+ growth in Q1 2025 alone. The company plans to double its Seattle-based team of 20 employees to accelerate product development and customer acquisition.

    Gradial is at the forefront of the agentic revolution, converting a fragmented and manual business services market worth hundreds of billions of dollars into software augmented by humans. While most AI startups focus on content creation, Gradial uniquely addresses the critical bottleneck in marketing operations: the content supply chain, which is the often-fragmented end-to-end process, workflows, and tools an enterprise uses to create, manage, and distribute content. The result is a solution that delivers a competitive advantage in meeting the increasing demand for personalized digital experiences while also dramatically accelerating content deployment and optimization cycles.

    “Marketing teams have poured substantial resources into producing more content, but their operational processes just can’t keep up with that volume and complexity,” said Doug Tallmadge, Co-Founder and CEO of Gradial. “That’s why we built Gradial. Marketing should operate at the speed of thought, and we want to empower the marketer to spend less time thinking about the process and more time thinking about outcomes for the customer.”

    Gradial’s agentic AI platform helps enterprises accelerate their content supply chains by automating CMS authoring and production, ticket routing and triage, and campaign and experiment building, as well as quality assurance, brand, and compliance checks. This automation unlocks massive efficiency gains for marketing departments that traditionally rely on manual processes.

    Founded in 2023 by alumni of SpaceX, Microsoft, and Point72, Gradial has quickly built a suite of enterprise-grade AI agents that have cultivated a strong blue-chip base of industry leading customers and partners, including AWS, Adobe, dentsu | Merkle, EPAM Systems, Slalom, and Infogain, demonstrating strong market validation.

    “Gradial agents are revolutionary for enterprise marketing operations. They accelerate enterprise content supply chains while increasing quality and compliance, by replicating nuanced and complex decision making,” said Daniel Knauf, Chief Technology Officer, Merkle Americas. “Marketing teams can then reclaim substantial resources and redirect them to strategic initiatives. In an era of doing more with less in digital marketing, Gradial cracks the code on the operational bottleneck that’s been holding back even the most sophisticated marketing organizations. It’s not just automation—it’s agentic orchestration that actually understands your brand.”

    Unlike many agents with uncertain ROI or enterprise performance, Gradial’s platform is already delivering measurable results for several Fortune 500 customers. Designed to work alongside marketing operations teams within their current workflow, the company’s agents integrate with tools like Adobe Experience Manager, Figma, Workfront and other leading technologies. With Gradial, enterprise marketing teams can automate content authoring, web production, quality assurance and experience optimization at global scale.

    “Among AI startups, Gradial stands out for the impact they’re already delivering for enterprise clients—users love the product, and businesses are seeing a compelling ROI,” said Matt McIlwain, Managing Director at Madrona. “Gradial is leveraging unstructured and structured data and business processes to deliver an intelligent workflow automation engine for marketing operations. They’ve identified a massive untapped opportunity by combining leading AI technologies and strong partnerships to bring solutions to some of the largest enterprises in the world.”

    About Gradial

    Gradial is a leading agentic AI startup transforming enterprise marketing operations. The company’s AI agents help businesses accelerate their content supply chains by automating the manual and mundane work between creation and customer experiences. Founded in Seattle by Doug Tallmadge, Anish Chadalavada, Deip Kumar, and Anup Chamrajnagar, Gradial works with enterprise customers to unlock the full potential of their marketing technology investments. For more information about Gradial and its agentic platform for marketing operations, visit www.gradial.com.

    Media Contacts:
    Caleb Bushner: cbushner@madrona.com
    Sam Butler: sam@35thAvenuePartners.com

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Nearly Nine Out of 10 Decision Makers Rank the Phone as the Most Important Outbound Channel for Meeting Customer Service Goals and Increasing Revenues

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 17, 2025 (GLOBE NEWSWIRE) — While channels like email and messaging are more prevalent, the phone remains one of the most business-critical tools available, according to a 2025 study from Forrester Consulting, commissioned by TransUnion (NYSE: TRU). The study found 86% of decision-makers across a wide range of industries agree the phone is the most important outbound channel for meeting customer service goals and increasing revenues.

    The study surveyed 719 decision-makers responsible for their company’s outbound call experience strategy, technology selection, and security. Its findings provide an update to the 2022 study and highlight key pain points, including inaccurate customer contact data and the threat of call spoofing. The full findings are available in the study, Optimizing Outbound Communications: Strategies And Technologies For Effective Customer Engagement. The State of Outbound Communications in 2025.

    Decision-makers indicated their companies made 26% fewer calls while increasing use of other digital channels; however, the phone remains their top channel for urgent customer service issues and discussing personal matters.

    “Business leaders understand the critical role communications solutions play in helping companies promote their brand while protecting consumers,” said James Garvert, senior vice president of TruContact™ Communications Solutions at TransUnion. “Adoption of customer contact, branded calling and call authentication solutions has proven to help businesses enhance the customer experience, increase revenues, and reduce fraud risk.”

    Importance of communications and contact solutions
    Three in four decision-makers say accurate caller information displayed on outbound calls is important for improving customer engagement and increasing answer rates. This rich content can be displayed through branded calling. Among the most valuable features of branded calling, respondents identified the following as “important” or “critical” to improving customer engagement and contact rates.

    Most Important Features to Drive Customer Engagement

    Accurate Caller
    ID on
    Outbound
    Calls    		 Protection
    Against Call
    Spoofing    		 Indication on
    Mobile Display
    that Call Is
    Authenticated    		 Displaying Logo
    on Outbound
    Calls
    75% 67% 62% 58%


    Damaging effects of fraud and call-spoofing
    Decision-makers noted the need for protection against call spoofing, with 80% reporting an uptick in customer service inquiries due to call spoofing and subsequent increased operational costs.

    In addition, 72% have observed a decline in customer trust due to call spoofing, directly affecting retention. Despite the recognized need for robust solutions, effective measures are elusive—and that problem appears to have gotten worse. The current survey found 55% of decision-makers said their current technologies lack adequate call spoofing protection, representing an increase from 38% since 2022.

    The study notes that businesses can also improve customer experience by focusing their use of the phone channel on urgent and personal matters—when it is most valued—and by understanding and respecting consumers’ individual contact preferences.

    Click here to read Optimizing Outbound Communications: Strategies And Technologies For Effective Customer Engagement. The State of Outbound Communications 2025.

    Learn more about TransUnion Branded Call Display (BCD), part of the Trusted Call Solutions (TCS) suite, and our suite of Customer Contact Intelligence solutions.

    TransUnion will be at Enterprise Connect 2025 at booth #1327. Senior Director of Product Management, Mick Moss, will be speaking at the show on Tuesday March 18, 2:30 p.m. – 3:30 p.m. on the Restoring Trust in the Voice Channel with Branded Calling panel and on Thursday, March 20, 9:00 a.m. – 9:45 a.m. on the Building Trust in Outbound Calling Systems panel.

    Survey Methodology
    In this study, Forrester conducted an online survey of 719 decision-makers at automotive dealer, collections, financial services, healthcare, insurance, travel and hospitality, and wealth management organizations in the US to evaluate the current state of outbound communications. Survey participants included decision-makers in customer experience/service, call center/contact center, IT, IT security, marketing/advertising, operations, and risk/compliance/fraud. Respondents were offered a small incentive as a thank-you for time spent on the survey. The study was completed in November 2024.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business.

    Contact     Dave Blumberg
      TransUnion
    E-mail david.blumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

    March 18, 2025

  • MIL-OSI: BigCommerce Transforms Commerce Beyond Order Capture with Pipe17 Partnership

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 17, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors today announced a transformational partnership with Pipe17, a leading provider of AI-powered composable order operations. This partnership reimagines how modern merchants manage orders in an increasingly complex digital commerce ecosystem.

    BigCommerce empowers brands, retailers, manufacturers and distributors of all sizes to sell online and capture orders seamlessly. Feedonomics, BigCommerce’s AI-powered product data feed management and order orchestration solution, helps brands list, manage and optimize product, inventory, pricing and order data across third-party channels, from ads, to social commerce, to marketplaces. The next frontier of commerce lies in the back office—turning captured orders into packages on consumers’ doorsteps or trucks on businesses’ loading docks.

    Today’s customers expect to shop anywhere—through merchant-owned channels like their brand websites and mobile apps, marketplaces like Amazon and Walmart, social platforms like TikTok and Instagram, and increasingly AI agents. They also demand instant delivery and flawless order fulfillment, pushing brands to expand their fulfillment infrastructure with additional warehouses, third-party logistics (3PL) partnerships, generous returns policies and new technology.

    As selling channels proliferate and fulfillment infrastructure grows in both size and complexity, problems rapidly shift to the back office—specifically order management. Merchants struggle to route orders and ensure order-related data is perfectly synchronized between selling channels, 3PLs, warehouse management systems (WMSs), customer service and back-office systems of record such as an ERP, and any one of dozens or hundreds of systems that touch order and order-adjacent data.

    Pipe17’s order operations network transforms the way orders, inventory and data flow through the modern commerce landscape. Unlike outdated and monolithic order management systems (OMSs) that attempt to be the center of every integration, Pipe17 is built atop an AI-powered network composed of hundreds of endpoints. In partnership with BigCommerce, this dynamic, scalable, and composable approach gives merchants unmatched flexibility and control of their connectivity, product listings, order routing and order-related data flows.

    With this partnership, merchants on the BigCommerce platform, as well as Feedonomics customers on any platform, can leverage Pipe17’s connectivity network to extend their coverage across critical fulfillment endpoints.

    “Order Management is ripe for disruption, and Pipe17 delivers a game-changing solution with its innovative order operations platform,” said Travis Hess, CEO of BigCommerce. “BigCommerce has always made it easy for merchants to capture orders, and Feedonomics helps merchants sell everywhere their customers shop, and by partnering with Pipe17, we can now ensure those orders from both owned channels and third-party channels move smoothly through our customers’ fulfillment infrastructure and back-office setup, ensuring a seamless flow through the delivery process.”

    “Commerce is all about delivering great customer experiences,” said Mo Afshar, CEO of Pipe17. “We’re proud to partner with BigCommerce to help merchants unify their commerce operations and stay ahead of the evolving digital commerce landscape. Together, with BigCommerce’s world-class API-first open commerce platform, product data management and order capture solutions and Pipe17’s order operations network that delivers the order management capabilities merchants need without the bloated OMS they despise, we’re enabling sellers to create better, more intelligent and further reaching customer experiences.”

    “We saw during the height of the Covid pandemic, and beyond, the importance of accurately managing orders and fulfillment across multiple sales channels,” said James Grandefeld, Chief Operating Officer at Bona Fide Masks, “Our partnership with both of these great platforms lets us provide best in class service to our valued customers. We are excited about the partnership and what it means for us.”

    To learn more about BigCommerce’s partnership with Pipe17, visit the company’s booth (#1944) at Shoptalk, March 25-27, 2025.

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    About Feedonomics
    Feedonomics is the leading data management platform powering omnichannel growth for the world’s top brands and retailers. With its flexible technology and full-service support team, Feedonomics facilitates a variety of data and order management use cases across industries such as ecommerce, automotive, employment, travel, real estate, and more. Feedonomics has thousands of active customers, integrations with hundreds of ecommerce platforms and channels, and strategic partnerships with industry leaders like Amazon, Meta, Google, Microsoft and TikTok. To learn more about Feedonomics, a platform-agnostic BigCommerce subsidiary, visit www.feedonomics.com. For more information, please visit www.feedonomics.com or follow us on Twitter, LinkedIn, Instagram and Facebook.

    About Pipe17
    Pipe17 Inc. provides AI-Powered Order Operations solutions for modern merchants and fulfillment service providers. Based in Seattle, Pipe17 is the fastest and easiest way to make omnichannel order flows touchless and cost-efficient, from order to inventory to fulfillment across DTC, B2B, and Retail. Pipe17 is the only ecommerce order operations solution that combines rapid deployment, seamless orders-to-anywhere automation, real-time visibility, and elastic scale. Learn more at https://Pipe17.com or follow us on LinkedIn.

    Media contacts:
    For BigCommerce and Feedonomics
    Brad Hem
    pr@bigcommerce.com

    For Pipe17,
    Jon Gettinger
    jon.gettinger@pipe17.com

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Volaris Automotive Acquires Britehouse Automotive, Expanding Its Footprint in the Automotive Software Solutions Market

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 17, 2025 (GLOBE NEWSWIRE) — Volaris Automotive, an acquirer of specialized software companies serving the automotive industry, today announced the acquisition of Britehouse Automotive, a prominent developer of innovative automotive software platforms. This continues Volaris Automotive’s initiative to further expand its reach in the auto sector.

    Founded in 1983 in South Africa, Britehouse Automotive delivers a comprehensive dealer management software (DMS) along with custom digital solutions. With over 40 years of experience, the company has expanded its reach to become the premiere choice for auto companies across South Africa, Eswatini, Botswana, Lesotho and Namibia.

    In 2010, Japan-based Nippon Telegraph & Telephone Corporation (“NTT”), a large global telecom provider acquired Dimension Data, of which Britehouse Automotive was a subsidiary. Their decision to sell Britehouse Automotive was part of a broader strategy to divest from non-core businesses.

    With this acquisition by Volaris Automotive, Britehouse Automotive now finds itself with a permanent home.

    Head of Volaris Automotive, Werner Leinauer, is excited about the acquisition. “Britehouse Automotive is a fantastic addition to the Volaris Automotive portfolio. In addition to their dedication to providing top-tier solutions and exceptional customer service, they bring with them a wealth of knowledge and experience. They are a perfect complement to the Volaris Automotive portfolio. I’m excited to see them benefit from the shared best practices of our other businesses.

    Callie Human, CEO of Britehouse Automotive, added, “Volaris Automotive is a natural fit for us, not only because we’re all companies who specialize in automotive solutions, but our philosophies and vision align. It is very exciting to join the other Volaris Automotive companies and exchanging ideas and knowledge, and I look forward to the collaboration between us all.”

    About Volaris Automotive
    Volaris Automotive, a division of Volaris Group, is a collective of companies specializing in delivering mission-critical software solutions to the automotive industry. With a commitment to long-term growth and customer success, Volaris Automotive focuses on providing solutions that drive operational efficiency, enhance customer experiences, and support the evolving needs of automotive businesses worldwide

    About Britehouse Automotive
    Britehouse Automotive is a leading provider of software solutions designed to meet the unique needs of the automotive industry. With expertise in dealership management systems, and mobility solutions, Britehouse Automotive supports automotive dealerships in achieving digital transformation and operational excellence.
    About Volaris Group
    Volaris acquires, strengthens, and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete, enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com

    For more information:
    Ryan Hill
    Vice President, Communications at Volaris Group
    ryans.hill@volarisgroup.com
    +1 416-831-0305

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Microchip Introduces Electric Two-Wheeler Ecosystem to Accelerate E-Mobility Innovation

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., March 17, 2025 (GLOBE NEWSWIRE) — The electric two-wheeler market is transforming the transportation industry as consumers embrace e-scooters and e-bikes for both recreational use and daily commuting. Microchip Technology (Nasdaq: MCHP) today announces the launch of its Electric Two-Wheeler (E2W) ecosystem, a comprehensive suite of pre-validated reference designs that addresses key challenges in e-scooter and e-bike development, including power efficiency, system integration, safety and time-to-market. By offering automotive-grade, scalable solutions, Microchip enables manufacturers to streamline development and build reliable, feature-rich electric two-wheelers.

    Microchip’s automotive-grade components and modular reference designs provide a flexible, scalable platform that adapts to various power levels and feature requirements. Backed by comprehensive design files, schematics, Bill of Materials (BOM), and global technical support, developers can quickly bring next-generation e-scooters and e-bikes to market with optimized power, safety and intelligence.

    “Manufacturers often struggle with optimizing power efficiency, ensuring seamless system integration and meeting evolving safety standards,” said Joe Thomsen, corporate vice president of Microchip’s dsPIC business unit. “Microchip’s Electric Two-Wheeler Ecosystem directly addresses these design challenges with pre-validated, high-performance solutions that help accelerate product development and enhance vehicle reliability.”

    Key Solutions of Microchip’s E2W Ecosystem

    Optimized Power and Battery Efficiency

    • Advanced Battery Management System (BMS) with intelligent power conversion and sensing maximizes energy utilization to extend battery life and vehicle range, as well as increases safety.
    • 48V to 12V Power Conversion Reference Design ensures high-efficiency power distribution, improving overall system reliability.

    Fast and Flexible Charging Solutions

    • 7.4 kW Single-Phase AC EV Charger Reference Design offers reliable home charging with built-in protection features.
    • USB-PD Dual Charging Port is designed to provide fast, flexible charging for mobile devices to enhance user convenience.

    High-Performance Traction Motor Control

    • 350W to 10 kW traction motor control reference designs deliver smooth acceleration, improved energy efficiency and precise control.
    • Pre-integrated firmware and modular design simplify system development and reduces time-to-market.

    Seamless System Integration and Smart Vehicle Control

    • Vehicle Control Unit (VCU), Remote Keyless Entry (RKE), Hands-On/Off Detection and Acoustic Vehicle Alerting System (AVAS) work together to enhance the security and safety of the electric two-wheeler.
    • Integrated telematics and asset tracking provide real-time monitoring, theft prevention and fleet management capabilities.

    Intelligent Touch Display and Connected User Experience

    • 720×720 round LCD Instrument Cluster using Microchip’s SAM9X75 MPU with MIPI® DSI, dual GbE and NAND Flash offers real-time data visualization and smart connectivity.
    • maXTouch® ATMXT640UD and ATMXT641TD touchscreen controllers offers accurate touch performance in extreme weather and rain with thick gloves.
    • Cloud-enabled remote diagnostics and performance tracking enhance the rider experience and optimize fleet operations.

    Microchip’s Electric Two-Wheeler Ecosystem delivers pre-validated, high-performance solutions that help manufacturers reduce development time, optimize power efficiency and enhance safety in e-scooters and e-bikes. To learn more, visit Microchip’s Electric Two-Wheeler web page.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. maXTouch is a registered trademark of Microchip Technology Incorporated in the U.S.A.  All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

    March 18, 2025

  • MIL-OSI: OnTerra Systems Announces Long-time Microsoft Technical Program Manager Has Joined The Company

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Colo., March 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider, reseller, and systems integrator, today announced that long-time Microsoft technical program manager Erik Lindeman has joined OnTerra Systems as Director of Product Management & Professional Services.

    As Director of Product Management & Professional Services for OnTerra Systems, Erik Lindeman oversees product management of OnTerra Systems’ various product offerings (RouteSavvy route planning software & RouteSavvy route optimization APIs). He also leads OnTerra Systems’ customer consulting and solution development services, including services for customers that need help migrating their Bing Maps-based applications to alternative mapping platforms before Bing Maps for Enterprise is retired by Microsoft.

    Mr. Lindeman brings more than 20 years of experience from multiple positions within Microsoft that spanned technical product management, enterprise customer engagement, and developer advocacy.

    As a Principal Technical Program Manager for Azure Maps and Bing Maps for Enterprise, he managed location-based services, including search, geocoding, routing, traffic, geolocation, and weather. In this role, he was responsible for improving Microsoft location services driven by internal and external customer needs and ensuring that the product enhancements aligned with Azure compliance standards.

    During his decades at Microsoft, Mr. Lindeman successfully launched several Microsoft Azure Maps services and features. He also has extensive experience in developing industry-specific data compliance for Azure Maps. As an example, he was instrumental in leading the development efforts for HIPAA compliance in Azure Maps. This work enabled US-based healthcare customers to take advantage of Azure Maps functionality while adhering to HIPAA requirements of maintaining the privacy of customer data.

    In addition, he was responsible for helping develop the strategy, planning, and execution of Microsoft’s unification of its enterprise map & geospatial product offerings under Azure Maps to enable customers to do more with location-based services using a modern, cloud approach. This included spearheading the creation of detailed technical documentation, product support resources, and best practices that help customers transition from Bing Maps for Enterprise to Azure Maps. As a result of this experience, Mr. Lindeman brings timely and highly relevant knowledge to the professional services that OnTerra Systems provides to businesses & non-profits that need help migrating off Bing Maps for Enterprise to alternative solutions.

    With extensive experience in customer operations, technical sales and support, project management, and engineering, Mr. Lindeman has developed a strong sense of customer empathy and a growth mindset. He has helped companies ranging from start-ups to Fortune 500 organizations across various industries find solutions to their challenges using advanced services and technologies. Some of the vertical markets in which he has deep expertise include logistics, automotive, retail, e-commerce, financial services, healthcare, hospitality, and real estate.

    Mr. Lindeman earned a bachelor’s degree in economics from Sonoma State University in California.

    “Given his extensive experience with the Microsoft geospatial eco-system, Erik Lindeman is uniquely poised to provide needed consulting & guidance to OnTerra Systems customers,” said OnTerra Systems CEO Steve Milroy. “Businesses & non-profits that need help migrating off Bing Maps for Enterprise, which is being retired by Microsoft, will particularly find his expertise useful – as well as organizations that need general help with web mapping & geospatial solutions.”

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

    March 18, 2025

  • MIL-OSI: StoneX Payments and Bamboo Partner to Expand Cross-Border Payment Coverage in Latin America

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) and Bamboo Payment Systems (“Bamboo”) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-border payment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX. Together, the two companies will offer a leading solution for global merchants and financial institutions that need to collect and make payments in Latin America.

    With StoneX Payments’ broad foreign exchange capabilities and correspondent network and Bamboo’s extensive payment connections and platform, clients should see benefits in terms of FX pricing, more reliable settlement, improved acceptance rates, and greater cash flow efficiency.

    StoneX Payments is a market leader in cross-border payments, providing payment services to financial institutions, corporations, and international development organizations in over 180 countries. Through its correspondent network of over 385 banks, StoneX offers settlement capabilities in over 140 currencies.

    Bamboo brings deep expertise in the Latin American payment ecosystem, enabling global merchants to accept and make payments in the region. With a proprietary payment platform connected to more than 600 local banks and financial institutions, Bamboo offers an end-to-end solution for payins and payouts, bridging the gap between global merchants and local consumers and businesses. The company enables payments in 11 countries in the region, supporting over 200 payment methods, and serves a growing network of more than 500 clients and partners.

    Thiago Vieira, Global Head of StoneX Payments, commented:

    “Over the past two years, we have made pivotal strategic investments to scale our global, market-leading payment capabilities. We are thrilled to announce this new partnership with the exceptional team at Bamboo, which brings together best-in-class solutions to set a new standard in global payment services.”

    Clayton McDonald, Head of Americas, StoneX Payments, said:

    “We are excited about our partnership with Bamboo. The combination of our 30 years of foreign exchange payments expertise with their platform and network of over 200 payment methods in Latin America creates a unique solution for global merchants operating in the region. As demand for reliable payment solutions with a competitive and transparent FX component continues to grow, we believe our product offering will represent a substantial value-add in the market.”

    Marcelo Perez, CEO of Bamboo, said:

    “This partnership is a key step in expanding the reach of our payment solutions to support global merchants looking to grow in Latin America. By working with top financial institutions and leveraging our extensive payment network, we enable businesses to operate with confidence in the region. Collaborating with StoneX enhances our ability to provide efficient, secure, and flexible payment, money movement, and FX solutions that meet the evolving needs of merchants worldwide.”

    The transaction is subject to regulatory approval.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The company strives to be the trusted partner for its clients, providing its network, products, and services to help them pursue business opportunities, manage market risks, make informed investment decisions, and improve their business performance.

    A Fortune 100 company headquartered in New York and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX and its more than 4,000 employees serve more than 54,000 commercial, institutional, and payments clients and facilitate transactions for more than 400,000 retail customers worldwide. Further information is available at www.stonex.com.

    About Bamboo

    Bamboo is a cross-border payments company that allows global merchants to accept and make payments in Latin America. Recently recognized by FXC Intelligence as one of The Global Most Promising Cross-Border Payments Companies of 2024, our proprietary platform enables pay-ins and payouts, covering more than 200 payment methods and connecting to a network of more than 600 banks and financial institutions. Bamboo combines local expertise with a single, end-to-end platform solution for consumer, business, and real-time payments. Further information on the company is available at www.bamboopayment.com.

    For press inquiries contact Jonathan Kay at Jonathan.Kay@stonex.com

    SNEX-G

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Bitdeer Launches SEALMINER A2 Pro Bitcoin Mining Machines

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 17, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR), a world-leading technology company for blockchain and high performance computing, today announced the launch of its latest self-developed Bitcoin mining machines, the SEALMINER A2 Pro series.

    As the updated version of the SEALMINER A2, the A2 Pro series includes two models: the air-cooling SEALMINER A2 Pro Air and the hydro-cooling SEALMINER A2 Pro Hyd. Both deliver a record-breaking power efficiency ratio of 14.9 J/TH, offering higher efficiency ratios, advanced technologies, and enhanced stability.

    Key specifications for both models:

    • SEALMINER A2 Pro Air: Power Efficiency Ratio of 14.9J/TH ±5%, Hashrate of 255TH/s to 270TH/s ±10%, Power Consumption of 3,790W to 4,050W ±10%.
    • SEALMINER A2 Pro Hyd: Power Efficiency Ratio of 14.9J/TH ±5%, Hashrate of 500TH/s to 530TH/s ±10%, Power Consumption of 7,450W to 7,900W ±10%.

    The SEALMINER A2 Pro series marks a breakthrough in power supply efficiency, achieving up to 97%. The A2 Pro Hyd features enhanced high-temperature performance, operating efficiently with inlet water temperatures up to 60°C and outlet temperatures up to 70°C. Both models retain the series’ signature low-noise design, minimizing operational noise disturbances.

    Bitdeer remains committed to enhancing transparency and efficiency in the mining industry through research and development investments and technological innovations, providing the industry with efficient and reliable mining solutions. Bitdeer will continue to uphold the principles of “Innovation, Efficiency, and Stability”, offering global miners higher-quality and more reliable products and services.

    About Bitdeer Technologies Group
    Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan.

    About SEALMINER
    SEALMINER, a pioneering brand of Bitcoin mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer’s self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on social media and other communication channels listed on its website.

    Forward-Looking Statements
    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

    Contacts:
    Promotional Partnerships:
    marketing@bitdeer.com

    Sales Consultations:
    sales@bitdeer.com

    Public Relations
    BlocksBridge Consulting
    Nishant Sharma
    bitdeer@blocksbridge.com

    Investor Relations
    Orange Group
    Yujia Zhai
    bitdeerIR@orangegroupadvisors.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2290e360-2026-44e3-ad19-926633309d5f

    The MIL Network –

    March 18, 2025

  • MIL-OSI United Kingdom: British Embassy Zagreb invites bids for Impact Fund 2025 to 2026

    Source: United Kingdom – Executive Government & Departments

    World news story

    British Embassy Zagreb invites bids for Impact Fund 2025 to 2026

    British Embassy Zagreb invites organisations to submit proposals by 14 April 2025 for projects demonstrating impact in areas of strengthening inter-community relations in Southeast Europe.

    The British Embassy in Zagreb is inviting organisations to submit project proposals for funding from our Impact Fund. As the name suggests, the purpose of the fund is to achieve impact, so we’re looking for projects that make a real difference in the highlighted priority areas. Project proposals which strengthen and nurture relationships between Croatian and UK people and organisations are particularly welcome.

    Themes

    This year, the call will focus on organisations, projects and activities, which link to the following thematic areas:

    Regional stability and development: connecting and strengthening societies in Southeast Europe

    Projects which promote harmonious and constructive relations between communities within Croatia, and between communities in Croatia and its neighbours, to enable stability, European integration and socio-economic advancement in the context of global and domestic challenges. We will prioritise projects in the following areas: 

    • strengthening inter-community understanding, tolerance and constructive cooperation, both domestically and cross-border within Southeast Europe
    • defending against threats to inter-community relations in Southeast Europe, e.g. countering hate speech, historic distortion, and disinformation; supporting a healthy media landscape; and promoting factual, inclusive public discourse and narratives
    • empowering women and girls, enhancing female civic participation and equality, contributing to prosperity and security in the region

    Special emphasis should be placed on activities which generate change, with wider and lasting social impact.

    Innovation for growth: building and nurturing UK-Croatia research & innovation, science, technology, and business partnerships.

    Projects which nurture long-term research & innovation, science, technology, and business partnerships, with a special emphasis on fostering economic growth and UK-Croatia cooperation. We will prioritise projects in the following areas: 

    • establishing new partnerships between researchers, businesses and institutions in the UK and Croatia. In particular, large-scale UK-Croatia collaboration between researchers and organisations within Horizon Europe and other programmes (note: while we cannot directly fund research covered by these other programmes, but we can support establishing the research connections)

    • projects focused on policy and regulation, exchanging knowledge and best practice and other activities which promote and support research (this excludes direct funding) relating to AI, quantum technologies, high-performance computing, nuclear fusion, semiconductors, Health tech and engineering biology. Including values-based governance and regulation of new and emerging technologies, especially AI

    • building expertise on the commercialisation of innovation, connecting Croatian companies to venture capitals and tech ecosystems, and enabling the UK and Croatian business partnerships

    • addressing barriers to market access between the UK and Croatia (e.g. policy, implementation of regulations)

    Energy and climate: promoting green growth and energy transition  

    Projects which promote green and sustainable growth, support the transition to clean energy sources such as offshore wind, hydrogen and nuclear, and deeper UK-Croatia cooperation. Also, projects that tackle the climate crisis and mitigate its impacts, as well as tackling and reversing bio-diversity loss will be considered for funding. We will prioritise projects in the following areas: 

    • establishing UK-Croatia commercial and scientific partnerships in the development of net zero technologies, with focus on hydrogen and nuclear fission and fusion (e.g. joint initiatives, building partnerships within Horizon Europe, exchange programmes between the UK and Croatian institutions)
    • establishing UK-Croatia commercial and scientific partnerships in energy efficiency and storage, emission reduction, and accelerating to achieving net zero
    • establishing UK-Croatia commercial and scientific partnerships in tackling the climate crisis, mitigating its impacts by strengthening social, economic and ecological resilience, unlocking climate and nature finance

    Activity bid guidance

    The British Embassy will support projects with activities taking place between 20 June 2025 and 15 February 2026, with no expectation of continued funding beyond the stated period.

    Maximum project budget limit: 11,500 Euros.

    Project bids will be assessed against the following criteria:

    • alignment with thematic priorities and likelihood of achieving a real-world impact
    • outcomes that are achievable within the funding period and offer value for money
    • activity design that includes clear evaluation procedures and measures of impact
    • activity design that includes risk and financial accountability procedures
    • that the organisation’s safeguarding policies ensure protection of beneficiaries, especially vulnerable individuals and children

    Bidding process

    1. proposals must be submitted using the online application form.
    2. all proposals must be received by 12:00 pm on 14 April 2025. Late proposals will not be considered
    3. successful bidders will be notified by the end of May

    Transparency and further questions

    The British Embassy in Zagreb will organise an online question and answer session about the bidding process on Wednesday 26 March 2025 at 2pm (CET). You can join the live session using this link.

    Additional information and documentation

    All project implementers will be expected to sign a standard contract or grant agreement with the Embassy provided by the UK Foreign, Commonwealth & Development Office (FCDO).

    The terms of the contract or agreement are not negotiable.

    All projects are expected to have achieved 85% spend by end of December 2025. Proposed budgets must reflect this requirement.

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    Updates to this page

    Published 17 March 2025

    MIL OSI United Kingdom –

    March 18, 2025

  • MIL-OSI Russia: Financial news: Stock trading volume on Moscow Exchange exceeded 15 billion rubles over the weekend

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    The trading volume on the Moscow Exchange stock market during the weekend of March 15 and 16, 2025, amounted to 15.4 billion rubles, which is 50% higher than during the first trading weekend of March 1 and 2.

    More than 88 thousand clients of banks and brokers concluded 365 thousand transactions. 31 professional participants of trades took part in trades. Liquidity during trades was supported by market makers.

    The greatest trading activity over the weekend was concentrated in shares of Sberbank, T-Technologies, Gazprom, VTB Bank and Rosneft.

    Weekend trading is conducted as part of an additional weekend session, which is part of the trading day following the weekend. At the first stage, the following are admitted to weekend trading: 53 most liquid stocksTo reduce volatility risks and ensure liquidity, price limits during weekend trading have been narrowed to 3% of the closing price of the previous trading day.

    Weekend trading on the Moscow Exchange stock market started at experimental mode on March 1 and 2, 2025.

    A detailed description of the weekend trading technology is posted on the Moscow Exchange website.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

    March 18, 2025

  • MIL-OSI: HSBC Bank Plc – Form 8.5 (EPT/RI) – Greencore Group plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.         KEY INFORMATION

    (a) Name of exempt principal trader: HSBC Bank Plc
    (b) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree    		 Greencore Group plc
    (c) Name of the party to the offer with which exempt principal trader is connected: OFFEROR: Greencore Group plc
    (d) Date dealing undertaken: 14 March 2025
    (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
         If it is a cash offer or possible cash offer, state “N/A”    		 Bakkavor Group plc

    2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales

     

    		 Total number of securities Highest price per unit paid/received
    (GBP)    		 Lowest price per unit paid/received
    (GBP)
    Ordinary Shares Purchase 2,000 188.032 p 188.032 p
    Ordinary Shares Sale 16,000 188.032 p 186.800 p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
    e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Ordinary Shares Swap Reducing a Short Position 14,000 186.800 p

    (c)        Stock-settled derivative transactions (including options)

    (i)         Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

     

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
       

     

    		    

    3.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”
     

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)  the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

    None
    Date of disclosure: 17 March 2025
    Contact name: Dhruti Singh
    Telephone number: 0207 088 2000

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

    March 18, 2025

  • MIL-OSI: Evome Medical Technologies Appoints Michael Dalsin as Chairman of the Board of Directors; Increases Size of Board to Six

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) — Evome Medical Technologies Inc. (the “Company”) (TSXV: EVMT) ‎announces the appointment of Michael Dalsin as Chairman of the Board of Directors. Kenneth Kashkin, MD will take the role of Vice-Chairman. Bill Garbarini will retain his role as COO while stepping off the Board of Directors. Chris Heath was also appointed as a new Director increasing the size of the Board of Directors from five to six.

    Mr. Dalsin is best known in Canada as the former Chairman of Convalo Health International, Corp. (“Convalo”) and Patient Home Monitoring Corp. (“PHM”), which were both listed on the TSX Venture Exchange. After spinning off its VieMed business unit (now listed on Nasdaq), PHM uplisted to TSX and listed on Nasdaq under its new name Quipt Home Medical Corp. Mr. Heath was CEO of Convalo and was most recently the CEO of MedBright AI Investments Inc., a CSE listed issuer.

    “I asked Michael Dalsin to step in as Chairman to help assess the opportunities in the fertility market,” said Dr. Kashkin. “This management team has deep contacts and knowledge in this market. Before joining Evome, our CEO, Mike Seckler, was global head of Marketing at Ferring Pharmaceuticals and Mr. Garbarini was COO at Conceivable Life Sciences, TMRW Life Sciences and Reproductive Medicine Associates of NJ. In each of their roles these two executives broke new ground and grew their businesses. The fertility market is quickly growing due to rising infertility rates caused by factors such as lifestyle changes and delayed childbearing. In addition, increasing awareness and acceptance of fertility treatments, along with advancements in reproductive technologies, are driving market growth.”

    “I am grateful to Michael Dalsin, one of our biggest shareholders, for stepping into this leadership position,” said Mr. Seckler. “Bill and I are optimistic about finding additional opportunities in the fertility market. Michael’s experience in deal making will be invaluable in this effort.”

    The Company and Mr. Dalsin plan to release a corporate update to the market before April 1, 2025‎.

    Michael Dalsin
    Chairman
    Tel: 1 (800) 760-6826
    Email: info@salonaglobal.com‎

    Additional Information

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Certain statements contained in this press release constitute “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. These statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “estimates”, “may”, “would”, “could”, ‎‎“should”, “potential”, ‎‎‎‎‎“will”, “seek”, “intend”, “plan”, and “anticipate”, and similar expressions as they relate ‎‎‎‎to the Company. All ‎statements ‎other than statements of ‎historical fact may be forward-looking‎ information. Such statements reflect the Company’s current views and intentions with respect to future ‎events, and current information available to the Company, and are subject to certain risks, ‎uncertainties and assumptions. The Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include but are not limited to the ‎‎general business and ‎‎economic ‎conditions in the regions in ‎which the Company operates; the ability of the Company to execute on key ‎‎priorities, ‎including the successful completion of acquisitions, business‎ retention, and‎‎ strategic plans and to‎‎ attract, develop ‎and retain key executives; difficulty integrating newly acquired businesses; ‎‎ongoing or new disruptions in the supply chain, the extent and scope of such supply chain disruptions, and the timing or extent of the resolution or improvement of such disruptions; the ability to‎‎‎ implement business strategies and pursue business opportunities; ‎‎disruptions in or attacks (including ‎cyber-attacks) on the Company’s information technology, internet, network access or other ‎‎voice or data ‎communications systems or services; the evolution of various types of fraud or other ‎‎‎criminal behavior to which the Company is exposed; the failure of third parties to comply with their obligations to the Company or its ‎affiliates; the‎ impact of new and changes to, or application of, current laws and regulations; ‎granting of permits and licenses in a highly regulated business; the ‎overall difficult ‎‎‎‎‎litigation environment, including in the United States; increased competition; changes in foreign currency rates; ‎increased ‎‎‎‎funding ‎costs and market volatility due to market illiquidity and competition for funding; the ‎availability of funds ‎‎‎‎and resources to pursue operations; critical ‎accounting estimates and changes to accounting standards, policies,‎‎‎‎ and methods used by the Company; the occurrence of natural and unnatural‎‎ catastrophic ‎events ‎and claims ‎‎‎‎resulting from such events; as well as those risk factors discussed or ‎referred to ‎in the ‎Company’s disclosure ‎documents filed with United States Securities and Exchange Commission ‎and ‎available at ‎www.sec.gov, and with ‎the securities regulatory authorities in certain provinces of Canada and ‎‎available at ‎www.sedarplus.com. Should any ‎factor affect the Company in an unexpected manner, or should ‎‎assumptions underlying ‎the forward-looking ‎information prove incorrect, the actual results or events may differ ‎‎materially from the results ‎or events predicted. ‎Any such forward-looking information is expressly qualified in its ‎‎entirety by this cautionary ‎statement. Moreover, ‎the Company does not assume responsibility for the accuracy or ‎‎completeness of such ‎forward-looking ‎information. The forward-looking information included in this press release ‎‎is made as of the ‎date of this press ‎release and the Company undertakes no obligation to publicly update or revise ‎‎any forward-‎looking information, ‎other than as required by applicable law‎.

    The MIL Network –

    March 18, 2025

  • MIL-OSI: HSBC Bank Plc – Form 8.5 (EPT/RI) – Bakkavor Group plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.         KEY INFORMATION

    (a) Name of exempt principal trader: HSBC Bank Plc
    (b) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree    		 Bakkavor Group plc
    (c) Name of the party to the offer with which exempt principal trader is connected: OFFEROR: Greencore Group plc
    (d) Date dealing undertaken: 14 March 2025
    (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
         If it is a cash offer or possible cash offer, state “N/A”    		 Greencore Group plc    

    2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales

     

    		 Total number of securities Highest price per unit paid/received
    (GBP)    		 Lowest price per unit paid/received
    (GBP)
    Ordinary Shares Purchase 6,300 177.750 p 153.345 p
    Ordinary Shares Sale 1,300 153.345 p 153.345 p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
    e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short position
             

    (c)        Stock-settled derivative transactions (including options)

    (i)         Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

     

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
       

     

    		    

    3.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”
     

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)  the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

    None
    Date of disclosure: 17 March 2025
    Contact name: Dhruti Singh
    Telephone number: 0207 088 2000

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

    March 18, 2025

  • MIL-OSI Asia-Pac: SITI attends press conference of World Internet Conference Asia-Pacific Summit in Beijing

    Source: Hong Kong Government special administrative region

    SITI attends press conference of World Internet Conference Asia-Pacific Summit in Beijing 
         In addition to the highly acclaimed annual Wuzhen Summit, the WIC has designated Hong Kong for the first time to host the Asia-Pacific Summit. Organised by the Hong Kong Special Administrative Region (HKSAR) Government and co-organised by the Innovation, Technology and Industry Bureau (ITIB), the Summit will be held April 14 and 15 at the Hong Kong Convention and Exhibition Centre under the theme of “Integration of AI and Digital Technologies Shaping the Future – Jointly Building a Community with a Shared Future in Cyberspace”.
     
         The Summit is expected to attract around 1,000 participants from the Mainland and overseas, including representatives from governments and enterprises, international organisations, leading corporations, experts and scholars. Through exploring the latest trends in various technology areas and in-depth exchanges of views and experiences, the Summit aims to enable all parties to seize the development opportunities brought about by digital and intelligent transformation, promoting high-quality development in innovation and technology (I&T), strengthening digital collaboration, and creating new momentum and new advantages for the development of the Asia-Pacific region.
     
         Mr Ren said that the WIC has chosen to organise the Asia-Pacific Summit in Hong Kong to leverage Hong Kong’s unique advantage of global connectivity, fostering a cross-regional, cross-sector and cross-cultural dialogue platform to inject new impetus and create new opportunities for building an open, inclusive, innovative, connected and co-operative community with a shared future for the Asia-Pacific region.
     
         Professor Sun expressed his gratitude to the WIC for choosing Hong Kong as the host city of the 2025 Summit, affirming Hong Kong’s pivotal role of bridging the country and the world as a dual platform. This creates a top-notch platform for exchanges, dialogue and co-operation in I&T, further strengthening Hong Kong’s position as an international I&T centre. The HKSAR Government endeavours to collaborate with the WIC in jointly making the Summit into the most influential regional I&T mega event. Professor Sun said he believes that the Summit will deepen regional co-operation in the I&T field, support Hong Kong’s development into an international I&T centre, as well as foster the vibrant development of the digital economy across the Asia-Pacific region.
     
         The rich content of the Summit will include the opening ceremony and the main forum on “The Future of Digital Intelligence”, and three sub-forums on “Large Artificial Intelligence Models”, “Digital Finance” and “Digital Government and Smart Life” on the second day of the Summit, when internationally renowned speakers will share their insights to explore the future development and potential across various domains in digital technology. The Summit will also organise a series of affiliated activities including a government-enterprise dialogue session, a cybersecurity emergency response advanced training programme and an information meeting on Practice Cases and Awards for Pioneering Science and Technology. Details of the Summit are available from the WIC announcement www.wicinternet.org/2025-03/17/c_1079097.htm 
         In addition to the Summit, Hong Kong’s annual I&T mega event, the Business of Innovation and Technology Week (BIT Week) will take place concurrently in April to feature a series of exciting I&T activities. Co-organised by the ITIB and the Hong Kong Trade Development Council, InnoEX will take place from April 13 to 16, bringing together major I&T elites from the Mainland and overseas, industry leaders and buyers from around the world. Through a large-scale exhibition, seminars and a series of business networking events, InnoEX will foster exchanges and dialogues, enabling participants to grasp the latest advancements and applications in I&T and explore global collaboration opportunities.
     
         Professor Sun concluded his visit and returned to Hong Kong in the evening.
    Issued at HKT 19:18

    NNNN

    Categories24-7, Asia Pacific, Hong Kong, Hong Kong Government special administrative region, MIL OSI

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: The Department of Administrative Reforms and Public Grievances (DARPG) released the 34th Monthly Report on Centralized Public Grievance Redress and Monitoring System (CPGRAMS) of Central Ministries/ Departments performance for the month of February, 2025

    Source: Government of India

    The Department of Administrative Reforms and Public Grievances (DARPG) released the 34th Monthly Report on Centralized Public Grievance Redress and Monitoring System (CPGRAMS) of Central Ministries/ Departments performance for the month of February, 2025

    A total of 1,11,392 Grievances were Redressed by Central Ministries/Departments in February, 2025

    For the 32nd month in a row, the monthly disposal crossed 1 lakh cases in the Central Secretariat

    Department of Food and Public Distribution, Department of Telecommunications, andDepartment of Posts topped in Group A category in the rankings released for the month of February, 2025

    Ministry of Parliamentary Affairs, Department of Land Resources, and Ministry of Ayushtopped in Group B category in the rankings released for the month of February, 2025

    Posted On: 17 MAR 2025 11:34AM by PIB Delhi

    The Department of Administrative Reforms and Public Grievances (DARPG) released the Centralized Public Grievance Redress and Monitoring System (CPGRAMS) monthly report for February 2025, which provides a detailed analysis of types and categories of public grievances and the nature of disposal. This is the 34th report on Central Ministries/Departments published by DARPG.

    The progress for February 2025 indicates 1,11,392 Grievances Redressed by Central Ministries/Departments. The Average Grievance Disposal Time in the Central Ministries/Departments from 1st January to 28th February 2025 is 15 days. These reports are part of the 10-step CPGRAMS reform process which was adopted by DARPG to improve the quality of disposal and reduce the timelines.

    The report provides the data for new users registered through the CPGRAMS Portal in the month of February 2025. A total of 47,599 new users registered in the month of February 2025, with maximum registrations from Uttar Pradesh (7,312) registrations.

    The said report also provides the Ministry/Department-wise analysis on the grievances registered through Common Service Centres in February 2025. CPGRAMS has been integrated with the Common Service Centre (CSC) portal and is available at more than 5 lakh CSCs, associating with 2.5 lakh Village Level Entrepreneurs (VLEs). 5,580 grievances were registered through CSCs in the month of February 2025. It also highlights the major issues/categories for which the maximum grievances were registered through CSCs.

    The following are the Key Highlights of the DARPG’s monthly CPGRAMS report for February 2025 for Central Ministries/ Departments:

    1. PG Cases:
    • In February 2025, 1,12,389 PG cases were received on the CPGRAMS portal, 1,11,392 PG cases were redressed and there exists a pendency of 59,946PG cases, as of 28th February 2025.
    1. PG Appeals:
    • In February 2025, 12,649 appeals were received and 15,399 appeals were disposed.
    • The Central Secretariat has a pendency of 22,410 PG Appeals at the end of February 2025.
    1. Grievance Redressal Assessment and Index (GRAI) – February 2025
    • Department of Food and Public Distribution, Department of Telecommunications, and Department of Posts are amongst the top performers in the Grievance Redressal Assessment & Index within the Group A (more than equal to 500 grievances) for February 2025.
    • Ministry of Parliamentary Affairs, Department of Land Resources, and Ministry of Ayush are amongst the top performers in the Grievance Redressal Assessment & Index within the Group B (less than 500 grievances) for February 2025.

    The report also features 4 success stories of effective grievance resolution from Central Ministries/Departments:

    1. Grievance of Shri Ripu Sudan Shrivastava: Pension Revision Under OROP-III

    Shri Ripu Sudan Shrivastava submitted a grievance on the CPGRAMS portal regarding the revision of his basic pension from ₹24,763 to ₹25,750. Upon review, the authorities promptly updated his details on the SPARSH portal and confirmed that his pension had been revised under OROP-III. The revision was formally notified through Corr PPO 4. The complainant shall now access and verify the updated pension details via SPARSH login, ensuring transparency and ease of access

    1. Grievance of Shri Sumit Kumar: Delay in processing of Insurance Claim

    Shri Sumit Kumar’s mother, Smt. Sheel Vati, had enrolled in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) through her Central Bank of India (Khanpur Branch) to secure her family’s future. After she passed away on 30th September 2020, complainant applied for the insurance claim but faced delays and unfulfilled assurances despite multiple visits to the bank. Frustrated by the delay, he raised a grievance on the CPGRAMS Portal, seeking immediate intervention. In response, authorities confirmed that the claim had been settled and informed the complainant accordingly.

    1. Grievance of Shri Aariv Harsh Mori: Delay in processing of Aadhar enrolment

    Shri Aariv Harsh Mori expressed deep concern over the prolonged processing of his son’s Aadhaar enrolment, which had remained “Under Process” for over 30 days. He made multiple attempts to seek updates from Aadhaar centers in Rajkot and contacted the helpline and Gujarat Director’s office, but received no response or was kept on hold without resolution. Frustrated by the delay and lack of communication, he filed a grievance on the CPGRAMS Portal, citing significant inconvenience in completing important tasks requiring Aadhaar. Following his complaint, he was finally notified that the enrolment had been successfully completed, allowing him to download the e-Aadhaar from the UIDAI website.

    1. Grievance of Shri Nagarajan N: Issuance of new ATM card

    Shri Nagarajan N, a retired BSNL employee, submitted a grievance on the CPGRAMS portal regarding the unavailability of a new ATM card. He holds a savings account at Cuddalore Head Post Office for pension withdrawals and was using an ATM card valid until November 2024. When he inquired about a replacement, the post office staff informed him that new ATM cards were out of stock. In a written response to the grievance, the Tamil Nadu Postal Circle acknowledged supply chain issues but arranged for ATM cards on diversion to assist account holders at Cuddalore HO. As confirmed over the phone, a new ATM card was issued to complainant, resolving his grievance within 2 weeks to his full satisfaction.

     

    ***

    NKR/PSM

    (Release ID: 2111701) Visitor Counter : 34

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: PENDING FUNDS TO PUNJAB UNDER JAL JEEVAN MISSION

    Source: Government of India (2)

    Posted On: 17 MAR 2025 4:51PM by PIB Delhi

    Central Ground Water Board (CGWB) generates ground water quality data on a regional scale including State of Punjab as part of its ground water quality monitoring program and various scientific studies. The Annual Ground Water Quality Report – 2024 has been released by the Central Ground Water Board (CGWB) recently which can be viewed at https://cgwb.gov.in/cgwbpnm/public/uploads/documents/17363272771910393216file.pdf.   Trace elements such as As (Arsenic), U (Uranium) and Selenium (Se) were analyzed at 908 locations. The groundwater quality assessment in Punjab revealed 32.6% of samples surpassing permissible limits for Uranium (U) followed by Arsenic (As) which has been reported in 4.85% samples, while 0.44% samples had Selenium levels above permissible limit.

    Government of India is implementing Jal Jeevan Mission (JJM) – Har Ghar Jal, since August, 2019, in partnership with States, to make provision of potable tap water supply in adequate quantity, of prescribed quality and on regular & long-term basis to rural households. Under the Jal Jeevan Mission, as per existing guidelines, Bureau of Indian Standards’ BIS:10500 standards are adopted as benchmarks for quality of water being supplied through the piped water supply schemes. Drinking Water being a State subject, the responsibility of planning, approval, implementation, operation, and maintenance of drinking water supply schemes, including those under the Jal Jeevan Mission, lies with State/UT Governments. The Government of India supports the States by providing technical and financial assistance.

    Under JJM, while planning water supply schemes to provide tap water supply to households, priority is given to habitations affected by chemical contaminants including Arsenic and Heavy Metals such as Uranium and Selenium. Under JJM, while allocating the funds to States/ UTs, 10% weightage is given to the population residing in habitations affected by chemical contaminants. States/ UTs have been advised to plan and implement piped water supply schemes based on alternative safe water sources for the villages with water quality issues.

    In the union budget for 2025-26, the extension of Jal Jeevan Mission till 2028 has been announced. Ministry of Finance has communicated a tentative Budget Estimate of Rs. 67,000 Crore for the Financial Year 2025-26. Once approved by the competent authority, the Central share under JJM may be considered for release. The year-wise details of Central fund allocated, drawn and utilization reported by the State of Punjab under JJM since 2019-20 to 2024-25 (as on 12.03.2025) for making provision of safe drinking water through household tap water connection is as under:

     

     

    (Amount in Rs. Crore)

    S. No.

    Year

    Central share

    State Expenditure

    Opening Balance

    Fund allocated

    Fund Drawn

    Available fund

    Expenditure

    1.

    2019-20

    102.91

    227.46

    227.46

    330.37

    73.27

    78.20

    2.

    2020-21

    257.10

    362.79

    –

    257.10

    146.74

    152.77

    3.

    2021-22

    110.36

    1,656.39

    402.24

    512.60

    247.83

    265.70

    4.

    2022-23

    264.78

    2,403.46

    –

    264.78

    264.80

    210.69

    5.

    2023-24

    –

    479.02

    119.76

    119.76

    103.79

    166.43

    6.

    2024-25

    15.97

    644.54

    50.00

    65.97

    3.46

    45.80

    Total

     

    5,773.66

    799.46

    902.37

    839.89

    919.59

     

     

     

     

     

    Source: JJM-IMIS

     

    The Department has developed a web based integrated management information system (JJM-IMIS) to capture the data of water quality affected habitations, where States/UTs provide status of habitation that have contamination in their drinking water sources. States/UTs have also been advised to carry out testing of water quality on a regular basis and take remedial action wherever necessary, to ensure that the water supplied to households is of prescribed quality. To enable States/ UTs to test water samples for water quality, and for sample collection, reporting, monitoring and surveillance of drinking water sources, an online JJM – Water Quality Management Information System (WQMIS) portal has been developed. The State–wise details of water quality test reported through WQMIS are available in public domain and can be accessed at:

    https://ejalshakti.gov.in/WQMIS/Main/report

    This information was provided by THE MINISTER OF STATE FOR JAL SHAKTI, SHRI V. SOMANNA in a written reply to a question in Rajya Sabha today.

    *******

    Dhanya Sanal K

    Director

    (Rajya Sabha US Q1838)

     

    (Release ID: 2111857) Visitor Counter : 57

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: Inflation and Economic Trends in India

    Source: Government of India

    Posted On: 16 MAR 2025 6:33PM by PIB Delhi

    Inflation and Economic Trends

     

    • CPI inflation moderated to a 7-month low of 3.6% in February 2025, aided by a sharp decline in vegetable prices.
    • Core inflation crossed 4% for the first time in 14 months, reaching 4.08%.
    • Industrial growth strengthened, with IIP expanding by 5.0% in January 2025, led by manufacturing and mining.
    • Rural inflation remains higher than urban inflation, influenced by food price trends.
    • Imported inflation surged, rising from 1.3% in June 2024 to 31.1% in February 2025, driven by rising prices of precious metals, oils, and fats.
    • RBI expected to implement at least 75 basis points of rate cuts in 2025, with successive reductions anticipated in April and August.
    • Corporate performance remains strong, with revenue, EBITDA, and PAT growth of 6.2%, 11%, and 12%, respectively, in Q3FY25.

     

    The above are the major findings of the SBI Ecowrap report, published by the State Bank of India’s Economic Research Department. SBI Ecowrap is a research report that analyzes the Indian economy, including GDP growth, agricultural reforms, and formal and informal economies. The latest edition of SBI’s Ecowrap, released on March 12, 2025, provides a detailed analysis of India’s economic landscape in February 2025. It focuses on Consumer Price Index (CPI) inflation, industrial growth, imported inflation, and corporate performance. The report highlights a significant moderation in inflation, particularly in food and beverages, while also projecting future trends in monetary policy and industrial output.

    CPI Inflation Moderation

    • India’s CPI inflation fell to a 7-month low of 3.6% in February 2025 due to a substantial decline in food and beverage prices.
    • Food & Beverages inflation eased by 185 basis points (m-o-m) to 3.84%, mainly due to a sharp decline in vegetable prices.
    • Vegetable CPI declined sharply, entering negative territory (1.07%) for the first time in 20 months.
    • Approximately 80% of this decline was attributed to garlic, potatoes, and tomatoes.
    • A notable drop in garlic prices is potentially linked to dietary changes during the Maha Kumbh, which may have led to reduced consumption of non-vegetarian food.
    • Fruit inflation surged to a 10-year high of 14.8%, potentially due to increased demand during fasting periods associated with the Maha Kumbh.
    • Fuel and light deflation is still continued for 18 months.
    • Non-vegetarian food inflation (Egg/Meat/Fish) decelerated, possibly due to the Maha Kumbh period.
    • While overall inflation moderated, the core inflation crossed the 4.0% mark after 14 months to 4.08%. Core Inflation corresponds to the component of inflation that is likely to continue for a long period. Thus, core inflation captures the underlying trend of inflation and is, therefore, more stable.

    Future CPI Inflation Trends

    • CPI inflation is expected to decline to 3.9% in Q4 FY25 and average 4.7% for FY25.
    • FY26 inflation is projected in the range of 4.0-4.2%, while core inflation may range between 4.2-4.4%.
    • The Reserve Bank of India (RBI) may implement successive rate cuts in April and August 2025, with an overall expected cumulative rate cut of at least 75 basis points.
    • The cycle of rate cuts may continue from October 2025, following an intervening gap in August 2025.

    State-wise Inflation Analysis

    • 12 states recorded rural inflation above the national rural average.
    • 10 states reported urban inflation higher than the national urban average.
    • Rural inflation continued to outpace urban inflation due to higher food prices and a larger food basket share (54.2% for rural areas vs. 36.3% for urban areas).
    • The highest inflation rates were recorded in Kerala (7.3%) and Chhattisgarh (4.9%).

     

    State

    Rural Inflation (%)

    Urban Inflation (%)

    Overall Inflation (%)

    Kerala

    8.0

    4.5

    7.3

    Chhattisgarh

    5.6

    3.3

    4.9

    Goa

    6.2

    1.5

    4.8

    Bihar

    4.3

    4.7

    4.5

    Karnataka

    4.6

    3.0

    4.5

     

    • The lowest inflation rates were recorded in Telangana (1.3%) and Delhi (1.5%).

    State

    Rural Inflation (%)

    Urban Inflation (%)

    Overall Inflation (%)

    Telangana

    0.5

    1.3

    1.3

    Delhi

    2.6

    3.5

    1.5

    Goa

    6.2

    1.5

    1.8

    Maharashtra

    2.2

    2.4

    3.1

    Himachal Pradesh

    3.3

    4.0

    3.3

     

    Rising Share of Imported Inflation

    • Despite the overall decline in CPI inflation, the share of imported inflation rose from 1.3% in June 2024 to 31.1% in February 2025.
    • Key drivers include rising prices of precious metals, oils, fats, and chemical products.
    • The contribution of energy prices to imported inflation remains negative and in declining in absolute amount.

     

    Industrial Growth and IIP Expansion

    • India’s Index of Industrial Production (IIP) expanded by 5.0% in January 2025, the highest in eight months, compared to 3.2% in December 2024.
    • The growth was driven by:
      • Manufacturing sector: 5.5% growth
      • Mining sector: 4.4% growth
      • Primary goods: 5.5% growth
      • Consumer Durables (long-term consumption goods): 7.2% growth
      • Intermediate goods: 5.23% growth
    • Consumer Non-Durables (immediate consumption goods) contracted by 0.2%, indicating weak demand in that segment.

    Sectoral Growth Trends

    • Capital Goods, Consumer Durables, FMCG, Healthcare, and Pharmaceuticals showed strong year-on-year growth in Q3FY25.
    • The Interest Coverage Ratio of listed entities improved by 20 basis points in Q3FY25, reflecting improved margins and financial stability.
    • More than 4000 corporates in the listed space reported revenue growth of 6.2%, with earnings before interest, taxes, depreciation and amortization (EBITDA) and profit after tax (PAT) growing by 11% and 12%, respectively, in Q3FY25 compared to Q3FY24.
    • Corporate ex-BFSI (more than 3400 listed entities) reported revenue and PAT growth of 5% (recovering from negative growth in previous quarters) and 9% in Q3FY25, respectively.

     

    Monetary Policy Outlook & Corporate Capex Cycle

    • The combination of a strong balance sheet, comfortable interest coverage, and a downward interest rate cycle is expected to support the next capex cycle for Indian industries.
    • Improved corporate margins and liquidity conditions make Indian Inc. well-positioned for capital expenditure growth.
    • The aggregate EBITDA margin improved by 44 basis points in Q3FY25, reaching 14.84% from 14.4% in Q2FY25.

     

    Conclusion

    India’s economic indicators for February 2025 reflect a moderation in inflation, improved industrial output, and strong corporate earnings. While inflation trends remain favorable in the short term, imported inflation risks and rupee depreciation pose challenges going forward. The RBI’s expected rate cuts could further bolster growth, providing a positive environment for capex expansion and industrial performance. The evolving economic landscape suggests a cautious but optimistic outlook for the coming months.

    References

    https://bank.sbi/documents/13958/43951007/Ecowrap_20250312.pdf/97dd5dd2-b54d-1f0b-eb2b-1167ef1f81b1?t=1741844062565

    https://www.indiabudget.gov.in/budget2019-20/economicsurvey/doc/vol2chapter/echap04_vol2.pdf

    Click here to see PDF

    *****

    Santosh Kumar | Ritu Kataria | Rishita Aggarwal

     

    Annexure 1: State-wise Inflation Rates: February 2025

    *****

    (Release ID: 2111647) Visitor Counter : 17

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: CCI Organises 10th Edition of National Conference on Economics of Competition Law

    Source: Government of India

    CCI Organises 10th Edition of National Conference on Economics of Competition Law

    Minister of State, Shri Harsh Malhotra compliments  CCI for its impactful role in curbing abusive conduct of dominant enterprises

    Posted On: 16 MAR 2025 5:43PM by PIB Delhi

    The Competition Commission of India (CCI) organised the 10thNational Conference on Economics of Competition Law in New Delhi today. Shri Harsh Malhotra, Minister of State in the Ministry of Corporate Affairs; and Minister of State in the Ministry of Road Transport and Highways was the Keynote Speaker at the Conference. Smt Ravneet Kaur, Chairperson, Competition Commission of India delivered the Special Address at the Inaugural Session of the Conference. The Conference, which brings together scholars, practitioners, and experts working in the area of economics of competition law, is being organised by the CCI every year since 2016.

    In his Keynote Address, highlighting the high-growth trajectory of the Indian economy, Minister of State Shri Harsh Malhotra underscored the importance of competition law in ensuring fair competition and a level playing field in markets.

    He emphasized the crucial role of the MSME sector, which contributes 80% of manufacturing output, 45% of exports, and 30% of India’s GDP. It is important to watch the interest of stakeholders, including MSMEs, to provide them with fair opportunities to compete and innovate, he said. In this context, he complimented CCI for its impactful role in curbing abusive conduct of dominant enterprises.

    Commending the Commission for its well-considered decisions, he highlighted the need for real-time market monitoring and a collaborative approach to regulation. It is essential to enforce law beyond strict intervention by promoting self-regulation and compliance, he added. He encouraged the Commission to actively engage with stakeholders, including industry associations, and consider their viewpoints. He stressed on the importance of including the younger generation in deliberations to bring fresh and new perspectives. The Government has kept in mind the views of the stakeholders, be it policies, government schemes or regulations, he mentioned. Acknowledging the significance of the Conference, he said that such deliberations and brainstorming sessions would immensely contribute to India’s economic growth in the future.

    The Minister stated that the Ministry of Corporate Affairs (MCA) aims to foster an ecosystem where fair competition benefits both businesses and consumers, leading to dynamic and vibrant marketplaces. He concluded by stating that India’s economic future depends on market strength, which, in turn, relies on fair competition—making it not just a legal or economic necessity but a national responsibility.

    Smt. Ravneet Kaur, Chairperson, CCI, in her Special Address, stated that regulators are adopting a dynamic approach to address the issues emerging in increasingly complex markets and rapid innovation in technology. She said that the goal is to balance innovation with competition, ensuring fair and open markets, where competition and technological progress can coexist. Alluding to Artificial Intelligence (AI) as a driving force in modern markets, Smt. Kaur stressed on the need for regulators to stay abreast and ahead in the AI era to deal with algorithmic collusion, uncover hidden anti-competitive behaviour, and protect consumers in markets increasingly shaped by AI. In this context, she also discussed the role played by Market Studies as a critical tool in proactive regulation. These studies provide a comprehensive analysis of market structures, business models, arrangements amongst players and potential competition issues, she said. 

    Referring to the competition law enforcement regime in India, Smt. Kaur said that the regulatory landscape has evolved significantly with the introduction of the Competition Amendment Act, 2023, to address the emerging challenges and strike a balance between enforcement and market-friendly resolution. She talked about the various regulations introduced in the last one year to operationalise the Competition Amendment Act 2023, with extensive consultations involving all key stakeholders. She further apprised the developments in antitrust enforcement and merger enforcement in 2024. The Competition Commission of India remains committed to fostering fair competition, ensuring market integrity, and enhancing enforcement efficiency, she said.

    The Conference, in addition to the Inaugural Session, featured two technical sessions on ‘Digital Dynamics: Markets, Competition & Innovation’; and ‘Exploring Mergers: Structure, Competition and Synergy’ where researchers presented papers on economics of competition law. The first session was chaired by Dr. Nishant Chadha, Director, Policy and Research, Indian School of Business. Dr. Uday Bhanu Sinha, Professor, Delhi School of Economics chaired the second session.

    The National Conference concluded with a Plenary Session on ‘Settlement and Commitment: A New Era of Trust-Based Fast-Track Market Correction’ which was moderated by Shri Prasanto Kumar Roy, Senior Adviser, FTI Consulting.

    ****

    NB/AD

    (Release ID: 2111638) Visitor Counter : 34

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah addresses 57th annual conference of All Bodo Students’ Union (ABSU) as the Chief Guest in Kokrajhar, Assam

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah addresses 57th annual conference of All Bodo Students’ Union (ABSU) as the Chief Guest in Kokrajhar, Assam

    Without ABSU, the Bodo Accord would not have been possible, ABSU has played a crucial role in establishing peace and development in Bodoland

    A prominent road in Delhi will be named after Bodopa Upendra Nath Brahma Ji

    Modi government will complete 100 per cent implement of the BTR peace agreement in the next two years

    The Modi government and the Assam government will fulfill the dreams of Bodopa Upendra Nath Brahma Ji

    In the past, there were discussions about unrest, chaos, and separatism in Bodoland, now, the focus is on education, development, and industry

    In the past, where bullets once flew in the Bodoland region, today, Bodo youths are waving the tricolor

    Now, “Mushroom from Bodoland” is also available in Delhi, more than a dozen products from Bodoland have received the GI Tag

    A new beginning has been made by recruiting 400 Bodo youths into the Assam Commando Battalion

    Posted On: 16 MAR 2025 5:24PM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah today addressed the 57th annual conference of All Bodo Students’ Union (ABSU) as the Chief Guest in Kokrajhar, Assam. On this occasion, Assam Chief Minister Dr. Himanta Biswa Sarma, Speaker of the Legislative Assembly Shri Biswajit Daimary, the Union Home Secretary, and the Director of the Intelligence Bureau (IB), along with several other dignitaries were present.

    In his address, Union Home Minister Shri Amit Shah said that All Bodo Students’ Union (ABSU) has played a significant role in establishing peace, development, and enthusiasm in the region. Without the role of ABSU, the Bodo Accord would not have been possible, and peace would not have been established in Bodoland. On this occasion, Shri Shah also paid tribute to the five thousand martyrs who fought for the peace of Bodoland.

    Shri Amit Shah said that today, when entire Bodoland is following the path shown by its leader, Upendra Nath Brahma Ji, the government has decided to name a prominent road in Delhi as Bodopa Upendra Nath Brahma Marg. He also mentioned that in the first week of April, a program will be held in Delhi where a bust of Upendra Nath Brahma Ji will be unveiled. He said, the Modi government and the Assam government will bring every dream of Bodopa Upendra Nath Brahma Ji to fruition.

    Union Home Minister Shri Amit Shah said that ABSU is advancing education, empowerment, and development. It is due to the efforts of ABSU that today, students are able to take their exams up to the 12th grade in the Bodo language. As a result, our Bodo language has been recognized and will remain alive for many years to come. He further stated that today’s event sends a strong message of the peace established in Bodoland.

    Shri Amit Shah said that when the Bodoland Territorial Region (BTR) peace agreement was signed on January 27, 2020, the opposition was mocking it. However, today, the central government and the Assam government have fulfilled 82 per cent of the conditions of this agreement. He further stated that under the leadership of Prime Minister Shri Narendra Modi, the Government of India will implement 100 per cent of this agreement in the next two years. After that, there will be lasting peace in the BTR.

    Union Home Minister Shri Amit Shah said that under the BTR peace agreement, the government removed the Armed Forces (Special Powers) Act (AFSPA) from the entire BTR area on April 1, 2022. He also mentioned that under the Government of India’s ‘One District, One Product’ (ODOP) program, today, the mushroom from Kokrajhar, known as “Mushroom From Bodoland,” is being included in the menus of hotels in Delhi. This has become possible due to the peace established in Bodoland. He further stated that because of the peace, Bodoland was able to host the ‘Durand Cup’ tournament. He appealed to the athletes of Bodoland to start preparing for the potential Olympics in India in 2036.

    Shri Amit Shah said that more than a dozen products from Bodoland have received the GI (Geographical Indication) Tag. As a result, an industrial environment is gradually being created across the entire BTR area. He mentioned that there was a time when there were discussions about unrest, chaos, and separatism, but now the focus has shifted to education, development, and industry.

    Union Home Minister and Minister of Cooperation said that under the leadership of Prime Minister Modi, the Government of India and the Assam Government have allocated ₹1,500 crore for the development of Bodoland, even though the population of the region is only 3.5 million. He also mentioned that during the tenure of former Prime Minister Atal Bihari Vajpayee, the Bodo language was included in the Eighth Schedule of the Constitution. Additionally, the BTR region was expanded by including the Sonitpur and Biswanath districts.

    Shri Amit Shah said that hundreds of youths have been brought into the mainstream of society. Many weapons were surrendered, and in the last three years, ₹287 crore have been spent on the rehabilitation of 4,881 members of the National Democratic Front of Bodoland (NDFB) in Assam, with 90 per cent of this amount provided by the Modi government. Shri Shah further mentioned that a lot of work has been done for employment and skill development. NGOs have been involved in all sectors, including SIP&RD, KVK, KVIC, animal husbandry, fisheries, and horticulture, to work with the local people and help them progress.

    Union Home Minister said that Assam Chief Minister Dr. Sarma has made a new beginning by recruiting 400 Bodo youths into the Assam Commando Battalion. He further mentioned that under the leadership of Prime Minister Modi, the Government of India has signed agreements with a total of nine insurgent groups in Assam, bringing over 10,000 youths into the mainstream of society.

    Shri Amit Shah said that where once bullets were fired, today Bodo youth are waving the tricolor in their hands. This sight sends a message to the entire country. He added that when the Bodo Accord was signed, not only Bodoland and Assam but the entire country was happy. Just as the people of Bodoland love the country, the entire country loves Bodoland and its people and is committed to the development of its youth.

    Union Home Minister said that the Bathou religion, followed by the people of Bodoland, holds great significance. He explained that Bathou is made up of two elements, and its meaning is “the deep mystery of the creator of the five elements.” The five elements, or panchatatva, include fire, air, earth, sky, and water, which form the foundation of your great religion. He also mentioned that he strives to spread the message of the Bathou religion.

    Shri Amit Shah said that under the leadership of Prime Minister Shri Narendra Modi, the entire Northeast has been freed from issues such as insurgency, movements, blockades, strikes, and violence, and has been ushered onto the path of development. He mentioned that recently, an Investment Summit took place under the leadership of PM Modi and Dr. Himanta Biswa Sarma, which is bringing an investment of ₹5 lakh crore to Assam. He appealed to the Bodo youths to focus on their education and contribute to the peace process. He further stated that the goal is to build such infrastructure in Bodoland that Bodo youths can compete with youth from all around the world. He assured that the Government of India and the Assam Government will leave no stone unturned in the development of Bodoland.

    ****

    RK/VV/PR/PS

    (Release ID: 2111636) Visitor Counter : 114

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: Union Minister Dr Mansukh Mandaviya Leads Fit India Sundays on Cycle Event in Ahmedabad; Guinness World Record Holder Rohtash Chaudhary Joins from Delhi

    Source: Government of India (2)

    Union Minister Dr Mansukh Mandaviya Leads Fit India Sundays on Cycle Event in Ahmedabad; Guinness World Record Holder Rohtash Chaudhary Joins from Delhi

    “A Healthy Citizen Builds a Prosperous Nation”, Dr. Mandaviya Highlights Importance of Cycling at Fit India Sundays on Cycle Event

    Posted On: 16 MAR 2025 4:10PM by PIB Delhi

    The Fit India Sundays on Cycle event witnessed massive participation across the country, with Union Minister for Youth Affairs and Sports, Dr. Mansukh Mandaviya leading the charge at the iconic Sabarmati Riverfront in Ahmedabad today. Organized by SAI Gandhinagar, the event saw around 650 cyclists, including members of the Indian Medical Association (IMA) Gujarat, Ahmedabad Medical Association, and MPs Hasmukhbhai Patel and Dineshbhai Makwana. The event was flagged off by Paralympian athlete Bhavana Choudhary.

    Dr. Mansukh Mandaviya in his address expressed his enthusiasm about the growing movement of “Sunday on Cycle” event. Dr. Mandaviya mentioned that the Fit India movement is progressing across the country, with “Sunday on Cycle” gradually becoming a cultural phenomenon. He highlighted that today’s event happened at over 5,000 locations, with doctors actively joining in to promote the message of a fit and obesity-free India.

    Dr. Mandaviya mentioned that cycling should be encouraged as a part of daily life, whether for commuting to work or for simple tasks like grocery shopping. He also emphasized the importance of cycling for physical fitness, environmental protection, and reducing pollution.

    He highlighted how cycling is a key tool in the fight against obesity, a movement initiated by Prime Minister Narendra Modi, and mentioned that cycling could potentially be linked to carbon credit schemes in the future.

    He encouraged doctors to prescribe cycling as a means of maintaining health, urging the medical community to motivate patients to adopt cycling as part of their lifestyle. Dr. Mandaviya reiterated that “A healthy citizen builds a healthy society, and a healthy society can build a prosperous nation.”, and achieving the vision of a Viksit Bharat by 2047 requires the nation to stay fit, with cycling playing a crucial role in this transformation.

    Meanwhile, in the national capital, the Fit India movement received a boost with Guinness World Record holder Rohtash Chaudhary, famously known as the “Push-up Man of India,” inspiring participants at the Major Dhyanchand National Stadium. Rohtash, who holds the record for the most push-ups (one leg raised carrying a 27.2 kg pack) in one hour, joined 500 cycling enthusiasts including doctors of the Indian Medical Association (IMA), school and college students, members of Yogasana Bharat and  corporate professionals in the cycling event.

    “Sundays on Cycle is a great initiative by Fit India. The enthusiasm among participants was remarkable, but I urge everyone, especially the youth, to cycle not just on Sundays but every day,” Rohtash said. Highlighting the need for fitness, he added, “India has the third-highest number of obesity cases in the world after China and the USA. We need to be at the top in development, not obesity. Staying fit is crucial for the growth of our country.

    The IMA has organized Sundays on Cycle in 25 locations across the country. Dr. Piyush Jain, Finance Secretary of the Indian Medical Association, emphasized the importance of fitness in preventing lifestyle diseases. “IMA is fully committed to the Fit India movement because prevention is better than cure. It’s crucial for everyone to maintain a healthy diet and exercise regularly. Cycling is a great full-body workout and also benefits mental well-being, making it an ideal exercise,” he said.

    The event not only promoted cycling but also showcased the importance of overall physical fitness, with push-ups being highlighted as a simple yet effective exercise. The combination of cycling and strength training aimed to encourage participants to push their limits and embrace a healthier lifestyle.

    Since its launch in December 2024 by Dr. Mansukh Mandaviya, the Fit India Sundays on Cycle initiative has reached over 4,500 locations across the country. The event is simultaneously held nationwide at SAI Regional Centres, National Centres of Excellence (NCOEs), and Khelo India Centres (KICs), reinforcing the government’s commitment to promoting fitness and an active lifestyle among citizens.

    *****

    Himanshu Pathak

    (Release ID: 2111620) Visitor Counter : 56

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Asia-Pac: India – New Zealand announce launch of FTA negotiations

    Source: Government of India (2)

    Posted On: 16 MAR 2025 3:23PM by PIB Delhi

    India and New Zealand share a longstanding partnership founded on shared democratic values, strong people-to-people ties, and economic complementarities. Both countries have continuously worked towards building their bilateral relationship encompassing trade and investment.

    On the occasion of the visit of Prime Minister of New Zealand, The Right Honourable Christopher Luxon to India from 16th to 20th March, 2025, and in the spirit of deepening our economic co-operation, the two nations are pleased to announce the launch of negotiations for a comprehensive and mutually beneficial India-New Zealand Free Trade Agreement (FTA) negotiations. This significant step was marked by a meeting between Hon’ble Shri Piyush Goyal, India’s Minister for Commerce and Industry, and Hon’ble Mr. Todd McClay, New Zealand’s Minister for Trade and Investment, on March 16th, 2025, laying the foundation of a momentous partnership towards strengthening the economic and trade ties between the two countries.

    The India-New Zealand FTA negotiations aim to achieve balanced outcomes that enhance supply chain integration and improve market access. This milestone reflects a shared vision for a stronger economic partnership, fostering resilience and prosperity.

    ***

    Abhishek Dayal

    (Release ID: 2111608) Visitor Counter : 40

    MIL OSI Asia Pacific News –

    March 18, 2025

  • MIL-OSI Africa: African Petroleum Producers’ Organization (APPO) Congo Energy & Investment Forum (CEIF) 2025 Side Event to Unpack Africa’s Oil and Gas Potential, Highlight Innovative Financing Solutions

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Congo (Republic of the), March 17, 2025/APO Group/ —

    Taking place on the sidelines of the inaugural Congo Energy & Investment Forum (https://apo-opa.co/3RbNYDB) this month the African Petroleum Producers’ Organization (APPO) will host a side event focusing on the challenges of the energy transition in Africa on March 26. The global pursuit to achieving net-zero emissions by 2050 is getting closer with each year, with new technologies, regulatory policies, funding opportunities and legislation set to expedite the transition from hydrocarbons to renewable energy resources. However, a just energy transition for Africa requires allowing the continent to utilize its natural resources to move towards cleaner sources of energy.

    As such, the African Energy Bank: Energy Transition and Financing Optics for Oil and gas Industry in Africa side event will shine a light on the role of the African Energy Bank (AEB) (https://apo-opa.co/3DMaNLa) in addressing the funding challenge that the energy transition poses to the African oil and gas industry. Launched by the African Export-Import Bank (Afreximbank) in partnership with APPO, the AEB – set to commence operations in March 2025 – represents a bold step towards empowering African nations to take control of their energy future.

    The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

    By mobilizing significant investment and fostering energy independence, the AEB will play a pivotal role in bridging the financing gap, unlocking the full potential of Africa’s energy resources and driving industrial and economic growth across the continent. The AEB’s strategic partnerships with government’s, financial institutions and energy stakeholders will enable large-scale investments in renewables and traditional energy projects, supporting the continent’s transition to cleaner energy sources while addressing immediate energy access needs.

    With the participation of Bruno Jean-Richad Itoua, Minister of Hydrocarbons of the Republic of Congo and President of APPO, as well as Dr. Omar Farouk Ibrahim, Secretary General of APPO, the side event is set to showcase how African countries can capitalize on development across the entire energy value chain, create jobs and ensure ownership and control, independent of global pressure that doesn’t understand the intricacies of energy poverty across the continent.

    The AEB has been established with an initial $5 billion authorized capital – of which 45% has been secured –, serving as a crucial step in mobilizing investment for energy projects. The bank aims for an ambitious $120 billion asset base, with Nigeria having secured the hosting rights for the bank last year after competing against three other nations.

    “APPO’s side event at the inaugural CEIF 2025 represents a pivotal moment in Africa’s journey towards a sustainable and inclusive energy future. By addressing the critical funding challenges of the energy transition, APPO’s initiative aims to empower African nations to harness their natural resources, drive industrial growth and create energy solutions that are both sustainable and accessible. The global energy transition is not only about transitioning to cleaner energy – it’s about ensuring that Africa has the financial tools and strategic partnerships to take control of its energy future and secure a just transition for all its people,” states Sandra Jeque, Events and Project Director at Energy Capital & Power. 

    MIL OSI Africa –

    March 18, 2025

  • MIL-OSI USA: Cantwell Statement on Voting Against GOP’s Continuing Resolution Bill

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    03.14.25

    Cantwell Statement on Voting Against GOP’s Continuing Resolution Bill

    WASHINGTON, D.C. – Today, the Senate voted on a Continuing Resolution (CR) bill written by House Republicans that would fund the government through Sept. 30, while making cuts to important programs and ceding more authority over federal spending to the Trump Administration.

    U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, voted against the CR. She gave the following statement:

    “I am not going to vote for a partisan funding bill that makes deep cuts to essential government functions. This bill endangers the health of Americans by cutting $280 million from the National Institutes of Health; jeopardizes the state of Washington’s maritime economy by slashing the Army Corps of Engineers by 44 percent; and impacts our farmers by cutting $57 million from important USDA’s Agriculture Research Services account. A bipartisan congressional effort to finish all appropriations bills would have delivered better results for taxpayers.

    Congress has the authority and responsibility to direct federal spending based on the needs of their constituents. Turning that work over to the White House puts important programs like NOAA experts working on salmon recovery or creating weather forecasts at risk.”

    MIL OSI USA News –

    March 18, 2025

  • MIL-OSI Africa: Algeria steps up preparations for the Intra-African Trade Fair 2025 (IATF2025) as six-month countdown starts

    Source: Africa Press Organisation – English (2) – Report:

    ALGIERS, Algeria, March 17, 2025/APO Group/ —

    Preparations are on course for the Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment event that will be held in Algiers, Algeria from 4th to 10th September 2025.

    With only six months to go until IATF2025, the Government of the People’s Democratic Republic of Algeria in conjunction with the organising committee is stepping up final preparations for the event that is expected to bring to Algeria over 35,000 visitors from more than 140 countries to participate in what has become the foremost trade and investment platform on the continent and a marketplace for the African Continental Free Trade Area (AfCFTA).

    Addressing the fourth meeting of the Advisory Council of IATF, Algeria’s Minister of External Trade and Export Promotion, Hon. Mohammed Boukhari said, “Algeria has expressed its full readiness to organise IATF2025, especially given our extensive capabilities and resources which will be leveraged fully to ensure the success of this important event. A high-level intersectoral committee has been established to oversee and monitor the preparations. We are confident that IATF2025 will meet the set objectives as it perfectly aligns with Algeria’s economic objectives and we are committed to making the trade fair a resounding success.”   

    The Minister noted that Algeria takes pride in its continental belonging, which ‘reflects its deep-rooted civilisation and strengthens its future aspirations.’

    More than 2,000 exhibitors including businesses from the continent and oversees will be showcasing their goods and services to thousands of visitors and buyers during the fair. It is expected to result in trade and investment deals worth over US$44 billion, spotlighting the growing impact of the fair as Africa’s leading marketplace. The Government of Algeria is putting in place measures to ensure a seamless travel experience for the huge number of visitors expected to attend IATF2025.

    Deputy Chairman of the IATF Advisory Council and former President of African Export-Import Bank (Afreximbank), Mr. Jean Louis-Ekra said, “We have had a fruitful meeting of the Advisory Council. We are satisfied with the commitment and progress made so far towards preparing for IATF2025 as September beckons. We encourage countries, corporates, Small and Medium Enterprises (SMEs), buyers, visitors, and delegates to take this early opportunity to register for the trade fair.”

    IATF is a platform for boosting trade and investment in Africa and aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and a GDP of over US$3.5 trillion. It is held biennially by Afreximbank, in collaboration with the African Union Commission (AUC) and the AfCFTA Secretariat. In the last three editions of IATF, over $100 billion in trade and investment deals have been closed cumulatively with over 70,000 visitors and more than 4,500 exhibitors participating.

    Ahead of the Advisory Council meeting, Mrs Kanayo Awani, Executive Vice President, Intra-African Trade & Export Development Bank at Afreximbank briefed Hon. Boukhari on pending deliverables identified during the CANEX WEEKEND, which was held in Algiers in 2024 and used as a dry run for IATF2025. The Minister acknowledged the gaps and committed to addressing them promptly and putting measures in place to ensure a seamless travel experience for the large number of visitors expected at IATF2025.

    Mrs. Awani stated, “Overall, we are happy with the progress made towards hosting IATF2025, the biggest trade and investment platform on the continent. I want to laud the Government of Algeria for agreeing to take necessary measures to ensure that IATF2025 is a resounding success. IATF2025 is pivotal to advancing intra-African trade. Therefore, I want to encourage local businesses, especially SMEs, to take advantage of the fair to showcase their products and services to buyers and visitors attending the fair, in order to expand their markets.”

    Some of the activities lined up for the week-long IATF2025 include a trade exhibition by countries and businesses; the Creative Africa Nexus (CANEX) programme with a dedicated exhibition and summit on fashion, music, film, arts and craft, sports, literature, gastronomy and culinary arts; a four-day Trade and Investment Forum featuring leading African and international speakers; and the Africa Automotive Show for auto manufacturers, assemblers, original equipment manufacturers and component suppliers.

    Special Days will also be held, dedicated for countries as well as public and private entities to showcase trade and investment opportunities, and tourism and cultural attractions, as well as Global Africa Day to highlight commercial and cultural ties between Africa and its diaspora, featuring a Diaspora Summit, market and exhibition, cultural and gastronomic showcase.

    Also planned is a business-to-business (B2B) and business-to-government (B2G) platform for matchmaking and business exchanges; the AU Youth Start-Up programme showcasing innovative ideas and prototypes; the Africa Research and Innovation Hub @ IATF targeting university students, academia and national researchers to exhibit their innovations and research projects; and the African Sub-Sovereign Governments Network (AfSNET) to promote trade, investment, educational and cultural exchanges at the local level. The IATF Virtual platform is already live, connecting exhibitors and visitors throughout the year.

    To participate in IATF2025 please visit www.IntrAfricanTradeFair.com. 

    MIL OSI Africa –

    March 18, 2025

  • MIL-OSI USA: Cassidy, President Trump’s CMS Nominee Agree on Need to Stop Medicare Overpayments

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    [embedded content]

    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) discusses his plan to stop Medicare overpayments during U.S. Centers for Medicare and Medicaid Services (CMS) Director nominee Mehmet Oz’s confirmation hearing before the U.S. Senate Finance Committee. Dr. Oz said he agrees with Cassidy there are opportunities to stop Medicare Advantage plans from receiving higher Medicare reimbursements simply if a patient has multiple conditions regardless of whether they are related to the care they receive.  
    “[A]s we look at the [Medicare] trust fund going insolvent and our budget deficit expanding, is [Medicare Advantage] a place you would look? And if so, how would you look in terms of getting better value for the dollar?” asks Dr. Cassidy. 
    “I think there are ways for us to look for example at the upcoding that is going on that is happening systemically… to make sure people are being appropriately paid for taking care of sick patience, but not for patients who aren’t ill,” said Dr. Oz. “We actually have to go after places and areas where we are not managing the American people’s money well… both of us, I think, agree there are opportunities to do that.”  
    “I have a bill—the No UPCODE Act—that actually achieves that. So, I think you are going to be confirmed, and we will discuss that with you at a later date,” said Dr. Cassidy. 
    Last Congress, Cassidy introduced his No UPCODE Act to improve the way Medicare Advantage plans assess patients’ health risks, reduce overpayments for care, and save taxpayers billions by eliminating incentives to overcharge Medicare for care.
    Background:
    Traditional Medicare plans reimburse providers for the cost of treatments rendered, while Medicare Advantage is paid a standard rate based on the health of an individual patient. Because of this, Medicare Advantage plans have a financial incentive to make beneficiaries appear sicker than they may be to receive a higher Medicare reimbursement. 
    The No UPCODE Act would eliminate those incentives by:

    Developing a risk-adjustment model that uses two years of diagnostic data instead of just one year.
    Limiting the ability to use old or unrelated medical conditions when determining the cost of care. 
    Ensuring Medicare is only charged for treatment related to relevant medical conditions.
    Closing the gap between how a patient is assessed under traditional Medicare and Medicare Advantage.

    MIL OSI USA News –

    March 18, 2025

  • MIL-OSI Russia: “Logistics 2.0”: GUU students at the project championship

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    Students of the State University of Management took part in the first stage of the logistics ideas championship “Logistics 2.0”.

    The championship is an opportunity for students to develop a project with the support of experts and get a job at the largest logistics company FM logistic.

    The State University of Management was represented by 3rd year students of the educational program “Logistics and Supply Chain Management” Vladislav Naavgust, Elizaveta Moiseenko, Karina Ismailova, Georgy Ermoshin, Alina Rydvanova, Maria Shcherenko and Sergey Koshelev.

    All participants of the championship were able to personally communicate with the jury, ask the experts questions of interest and adjust the work plan for the project.

    Over the course of two months, teams will work on development under the guidance of curators from the career platforms “Professional Leaders” and “School of Basic Knowledge”, and also take online intensive courses.

    Remote pre-defenses of projects will take place at the end of April. The authors of the 10 best works will take part in the in-person final, which will be held in Moscow.

    The project was organized by the logistics company FM logistic together with the Career Agency “Professional Leaders”.

    Subscribe to the TG channel “Our GUU” Date of publication: 03/17/2025

    “Logistics 2.0”.

    The championship is an opportunity for students to develop a project with the support of experts and get a job at the largest logistics company FM logistic….

    ” data-yashareImage=”https://guu.ru/wp-content/uploads/image-1-2.png” data-yashareLink=”https://guu.ru/%d0%bb%d0%be%d0%b3%d0%b8%d1%81%d1%82%d0%b8%d0%ba%d0%b0-2-0-%d1%81%d1%82%d1%83%d0%b4%d0%b5%d0%bd%d1%82%d1%8b-%d0%b3%d1%83%d1%83-%d0%bd%d0%b0-%d1%87%d0%b5%d0%bc%d0%bf%d0%b8%d0%be%d0%bd/”>

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    March 18, 2025

  • MIL-OSI Russia: The 5th meeting of the Joint Russian-Qatari Commission on Trade, Economic and Technical Cooperation was held in Doha

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Denis Manturov and the Chairman of the Council of Ministers, Minister of Foreign Affairs of Qatar Mohammed bin Abdul Rahman bin Jassim Al Thani held the 5th meeting of the Joint Russian-Qatari Commission on Trade, Economic and Technical Cooperation.

    First Deputy Prime Minister of Russia Denis Manturov and Chairman of the Council of Ministers, Minister of Foreign Affairs of Qatar Mohammed bin Abdul Rahman bin Jassim Al Thani held the 5th meeting of the Joint Russian-Qatari Commission on Trade, Economic and Technical Cooperation.

    During the meeting, the parties discussed issues of bilateral cooperation in the areas of trade, investment and finance, transport and digital technologies, as well as humanitarian projects, including culture, sports and education. Particular attention was paid to industrial cooperation in such sectors as pharmaceuticals, shipbuilding, power engineering, including in the field of renewable energy.

    Denis Manturov noted that given the scale of foreign trade between Russia and Qatar, the volume of bilateral trade does not fully reflect the existing potential. Opportunities for increasing and diversifying mutual trade, in particular, are associated with food supplies.

    “Cereals, primarily wheat and barley, already predominate in the structure of our trade turnover. We are ready to increase shipments of agricultural products, including halal products. Having in mind not only ensuring food security for Qatar, but also creating a regional agro-industrial hub in your country. Among the promising export products, we can also highlight beef, poultry, sunflower oil and confectionery,” said the First Deputy Prime Minister.

    Speaking about mutually beneficial projects in the pharmaceutical sector, Denis Manturov noted that in addition to supplying a wide range of medicines, Russia is considering localizing production in Qatar with the transfer of relevant technologies. In addition, opportunities for cooperation are opened up by domestic advanced developments in the field of shipbuilding, in particular, this concerns passenger hydrofoils and environmentally friendly silent electric vessels, which are successfully operated in Russia.

    “Interaction in the field of digital technologies contains a capacious potential. Russian companies have unique developments in the field of artificial intelligence, the Internet of things and solutions in the field of information security. I would like to highlight the opportunities for cooperation between Moscow and Doha in such a relevant area as smart city technologies,” Denis Manturov noted.

    A positive trend in the development of cooperation in the field of tourism was noted. “Last year, more than 100 thousand Russian citizens visited Qatar. Reciprocal interest from Qatari citizens is also increasing – in 2024, we received about 11 thousand tourists from your country. This is understandable, since Russia combines unique natural, climatic, cultural and historical features with a dynamically growing level of the hospitality industry and security,” said Denis Manturov.

    Speaking about cooperation in the field of sports, the First Deputy Prime Minister recalled that in November last year, Doha hosted the international rhythmic gymnastics competition “Heavenly Grace Cup”, organized on the initiative of Olympic champion Alina Kabaeva. The interdepartmental Memorandum of Understanding in the field of physical culture and sports, the signing of which is planned for the near future, will contribute to strengthening cooperation.

    In conclusion of his speech, Denis Manturov invited Qatari representatives to take part in the St. Petersburg International Economic Forum scheduled for June, where the country was a guest in 2021, in the Russia-Islamic World International Economic Forum to be held in Kazan in May, the Innoprom International Industrial Exhibition in Yekaterinburg in July, and the Russian Energy Week in Moscow in October. In addition, during the IGC, the Russian side voiced a proposal to hold a Russian-Qatari business forum in Moscow in April 2025.

    Following the meeting, the final protocol of the 5th meeting of the commission was signed.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    March 18, 2025

  • MIL-OSI Russia: Financial news: Bank of Russia opens applications for participation in the spring ESG school

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    April 16–18 will pass Spring School “ESG, Sustainable Development and Climate Change” is an intensive full-time educational program of the Bank of Russia and the Higher School of Business of the National Research University Higher School of Economics. Students and postgraduates of Russian universities of any year and specialty who have passed the competitive selection can become its participants.

    Applicants will need to pass online program, which will introduce listeners to the basic concepts and principles of sustainable development. It is also required to write an essay on one of the proposed topics and prepare a summary.

    Submit an application can be done through your personal account on the event website until March 27. The results of the competitive selection will be known by April 4.

    The ESG school offers its students a more in-depth study of sustainable development and climate change issues. The curriculum includes lectures by experts from the Bank of Russia, the Higher School of Business, representatives of the banking sector and companies that are leaders in sustainable development. Students will also analyze practical cases on assessing climate risks and processing ESG data, study international experience and take part in brainstorming sessions.

    All ESG school graduates will receive certificates of completion of training.

    Preview photo: Marina Lysceva / TASS

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 23463

    MIL OSI Russia News –

    March 18, 2025
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