Category: Business

  • MIL-OSI USA: Disaster Recovery Centers Open in Knott and Floyd Counties

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Open in Knott and Floyd Counties

    Disaster Recovery Centers Open in Knott and Floyd Counties

    FRANKFORT, Ky — Disaster Recovery Centers will open in Knott and Floyd counties today, March 2, in areas affected by the February floods. Disaster Recovery Centers, operated by the Kentucky Division of Emergency Management and FEMA, offer in-person support to survivors in declared counties as the result of severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 14, 2025, and continuing.   KNOTT COUNTYKnott County Sports Complex, 450 Kenny Champion Lp #8765, Leburn, Ky 41831FLOYD COUNTYFloyd County Board of Education, 442 KY-550, Eastern, Ky 41622Disaster Recovery Centers operate from 7 a.m. to 7 p.m. ET Monday through Saturday and 1 to 7 p.m. ET on Sundays, unless otherwise noted. FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs. The deadline to apply for federal assistance is April 25, 2025.Other centers are open in the following locations:PIKE COUNTYPike Public Library, 126 Lee Ave, Pikeville, Ky 41501Belfry Public Library, 24371 US-119 North, Belfry, Ky 41514PERRY COUNTYHazard Community College, 1 Old Community College Dr, Hazard, Ky 41701MARTIN COUNTYMartin County Library, 180 E Main St., Inez, Ky 41224Additional Disaster Recovery Centers will open across the Commonwealth disaster area in the coming days. In addition to FEMA personnel, representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U.S. Small Business Administration (SBA) will be available at the recovery centers to assist survivors.You do not need to visit a center to apply with FEMAIf you are unable to visit the center, there are other ways to apply: you can apply online at DisasterAssistance.gov, by calling 800-621-3362, or by using the FEMA mobile app. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service.When you apply, you will need to provide:A current phone number where you can be contacted.Your address at the time of the disaster and the address where you are now staying.Your Social Security Number. A general list of damage and losses.Banking information if you choose direct deposit. If insured, the policy number or the agent and/or the company name.The first step to receive FEMA assistance is to apply. There are four ways to apply: call the toll-free FEMA Helpline at 800-621-3362, visit DisasterAssistance.gov, download the FEMA App or visit a Disaster Recovery Center. The phone line is open daily from 7 a.m. to midnight ET, and help is available in most languages. The deadline to apply for assistance for flooding is April 25, 2025. For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4.
    sarah.cleary
    Sun, 03/02/2025 – 15:50

    MIL OSI USA News

  • MIL-OSI USA: Touchdown! Carrying NASA Science, Firefly’s Blue Ghost Lands on Moon

    Source: NASA

    Carrying a suite of NASA science and technology, Firefly Aerospace’s Blue Ghost Mission 1 successfully landed at 3:34 a.m. EST on Sunday near a volcanic feature called Mons Latreille within Mare Crisium, a more than 300-mile-wide basin located in the northeast quadrant of the Moon’s near side.
    The Blue Ghost lander is in an upright and stable configuration, and the successful Moon delivery is part of NASA’s CLPS (Commercial Lunar Payload Services) initiative and Artemis campaign. This is the first CLPS delivery for Firefly, and their first Moon landing.  
    The 10 NASA science and technology instruments aboard the lander will operate on the lunar surface for approximately one lunar day, or about 14 Earth days.
    “This incredible achievement demonstrates how NASA and American companies are leading the way in space exploration for the benefit of all,” said NASA acting Administrator Janet Petro. “We have already learned many lessons – and the technological and science demonstrations onboard Firefly’s Blue Ghost Mission 1 will improve our ability to not only discover more science, but to ensure the safety of our spacecraft instruments for future human exploration – both in the short term and long term.”
    Since launching from NASA’s Kennedy Space Center in Florida on Jan. 15, Blue Ghost traveled more than 2.8 million miles, downlinked more than 27 GB of data, and supported several science operations. This included signal tracking from the Global Navigation Satellite System (GNSS) at a record-breaking distance of 246,000 miles with the Lunar GNSS Receiver Experiment payload – showing NASA can use the same positioning systems on Earth when at the Moon. Science conducted during the journey also included radiation tolerant computing through the Van Allen Belts with the Radiation-Tolerant Computer System payload and measurements of magnetic field changes in space with the Lunar Magnetotelluric Sounder payload.
    “The science and technology we send to the Moon now helps prepare the way for future NASA exploration and long-term human presence to inspire the world for generations to come,” said Nicky Fox, associate administrator for science at NASA Headquarters in Washington. “We’re sending these payloads by working with American companies – which supports a growing lunar economy.”
    During surface operations, the NASA instruments will test and demonstrate lunar subsurface drilling technology, regolith sample collection capabilities, global navigation satellite system abilities, radiation tolerant computing, and lunar dust mitigation methods. The data captured will benefit humanity by providing insights into how space weather and other cosmic forces impact Earth.  
    Before payload operations conclude, teams will aim to capture imagery of the lunar sunset and how lunar dust reacts to solar influences during lunar dusk conditions, a phenomenon first documented by former NASA astronaut Eugene Cernan on Apollo 17. Following the lunar sunset, the lander will operate for several hours into the lunar night.
    “On behalf of our entire team, I want to thank NASA for entrusting Firefly as their lunar delivery provider,” said Jason Kim, CEO of Firefly Aerospace. “Blue Ghost’s successful Moon landing has laid the groundwork for the future of commercial exploration across cislunar space. We’re now looking forward to more than 14 days of surface operations to unlock even more science data that will have a substantial impact on future missions to the Moon and Mars.”
    To date, five vendors have been awarded 11 lunar deliveries under CLPS and are sending more than 50 instruments to various locations on the Moon, including the lunar South Pole. Existing CLPS contracts are indefinite-delivery, indefinite-quantity contracts with a cumulative maximum contract value of $2.6 billion through 2028. 
    Learn more about NASA’s CLPS initiative at:
    https://www.nasa.gov/clps
    -end-
    Amber Jacobson / Karen Fox Headquarters, Washington202-358-1600amber.c.jacobson@nasa.gov / karen.c.fox@nasa.gov 
    Natalia Riusech / Nilufar RamjiJohnson Space Center, Houston281-483-5111nataila.s.riusech@nasa.gov / nilufar.ramji@nasa.gov
    Antonia JaramilloKennedy Space Center, Florida321-501-8425antonia.jaramillobotero@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in Martin County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Martin County

    Disaster Recovery Center Opens in Martin County

    FRANKFORT, Ky — A Disaster Recovery Center will open in Martin County today, March 1, in areas affected by the February floods. Disaster Recovery Centers, operated by the Kentucky Division of Emergency Management and FEMA, offer in-person support to survivors in declared counties as the result of severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 14, 2025, and continuing.   MARTIN COUNTYMartin County Library, 180 E Main St., Inez, Ky 41224Disaster Recovery Centers operate from 7 a.m. to 7 p.m. ET Monday through Saturday and 1 to 7 p.m. ET on Sundays, unless otherwise noted. FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs. The deadline to apply for federal assistance is April 25, 2025.Other centers are open in the following locations:PIKE COUNTYPike Public Library, 126 Lee Ave, Pikeville, Ky 41501Belfry Public Library, 24371 US-119 North, Belfry, Ky 41514PERRY COUNTYHazard Community College, 1 Old Community College Dr, Hazard, Ky 41701Additional Disaster Recovery Centers will open across the Commonwealth disaster area in the coming days. In addition to FEMA personnel, representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U.S. Small Business Administration (SBA) will be available at the recovery centers to assist survivors.You do not need to visit a center to apply with FEMAIf you are unable to visit the center, there are other ways to apply: you can apply online at DisasterAssistance.gov, by calling 800-621-3362, or by using the FEMA mobile app. If you use a relay service, such as Video Relay (VRS), captioned telephone or other service, give FEMA the number for that service.When you apply, you will need to provide:A current phone number where you can be contacted.Your address at the time of the disaster and the address where you are now staying.Your Social Security Number. A general list of damage and losses.Banking information if you choose direct deposit. If insured, the policy number or the agent and/or the company name.The first step to receive FEMA assistance is to apply. There are four ways to apply: call the toll-free FEMA Helpline at 800-621-3362, visit DisasterAssistance.gov, download the FEMA App or visit a Disaster Recovery Center. The phone line is open daily from 7 a.m. to midnight ET, and help is available in most languages. The deadline to apply for assistance for flooding is April 25, 2025. For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4. 
    sarah.cleary
    Sat, 03/01/2025 – 12:23

    MIL OSI USA News

  • MIL-OSI USA: What they are saying: Governor Newsom’s latest economic investments will help bolster LA firestorm recovery

    Source: US State of California 2

    Feb 28, 2025

    What you need to know: Local community leaders are praising Governor Newsom’s announcement this week of new financial investments to help boost LA’s economic recovery, as well as the launch of California’s Economic Blueprint and the Los Angeles County Jobs First Regional Plan.

    LOS ANGELES – This week, Governor Newsom announced $24 million in investments towards the economic recovery of Los Angeles following January’s devastating firestorms. The announcement came during the seventh stop of the Governor’s statewide Jobs First tour, where the Governor received the Los Angeles Regional Plan — a community-driven strategy to leverage the innovation, social infrastructure, and LA-area industries — and debuted the statewide California Jobs First Economic Blueprint.

    Funds announced will strengthen infrastructure, and provide support for small business and workers in the LA region, including disaster response: 

    • $10 million in partnership with LA Rises, Maersk and APM Terminals to the LA Region Small Business Relief Fund, a grant program run by the City and County of LA that will provide direct financial support to businesses and nonprofits in fire-impacted communities. This is the first investment by LA Rises, the unified recovery effort launched by the Governor in January and led by Dodgers Chairman Mark Walter, business leader and basketball legend Earvin “Magic” Johnson, and Casey Wasserman.
    • $3 million toward the Los Angeles Jobs First Collaborative in their recovery efforts for the region, including for the launch of public-facing campaigns to promote small business support and additional capacity for near-term business and economic recovery. 
    • $11 million toward High Road Training Partnerships with workforce training organizations based in Los Angeles. 

    Here’s what leaders in the Los Angeles community are saying:

    State leaders 

    Senator Sasha Renée Pérez (D – Pasadena): “The Governor’s Jobs First Economic Blueprint will create good-paying jobs in regions across the state, and reduce barriers for students to access job opportunities through career education. In addition, the plan contains funding to help small businesses recover from the Los Angeles County wildfires that devastated the Altadena and Pasadena region in my district. The recovery will take ongoing support. This Blueprint is an important component that will help brighten our state’s future.”

    Assemblymember Mike Fong (D-Alhambra): “Cultivating one of the best economies in the world starts with our communities.  Governor Newsom’s economic plan is reflective of statewide and regional needs, while utilizing work-based learning opportunities in connection to the state’s upcoming Master Plan for Career Education. Our Los Angeles community was devastated by the fires in our region, and I look forward to working with the Governor on a recovery plan which draws on our higher education institutions to rebuild and strengthen our local and statewide economies.”

    Los Angeles County 

    Kathryn Barger, Los Angeles County Chair and Supervisor for the Fifth District: “I appreciate Governor Newsom‘s plan to invest in our local workforce. Our local economy will greatly benefit from investments that focus on local implementation as Los Angeles County recovers and rebuilds. Strengthening our workforce is key to long-term resilience, and I look forward to seeing these investments create lasting opportunities for our residents.”

    Hilda L. Solis, Los Angeles County Chair Pro Tem and Supervisor for the First District: “Across Los Angeles County, residents have been experiencing job loss by the wildfires in Pacific Palisades and Altadena, including nannies, in-home health workers, landscapers, actors, stagehands, and many others who work in these areas. This week’s announcement, which includes $10 million in funding to the LA Regional Small Business Fund, will be crucial in accelerating economic recovery and providing relief to our impacted families. I am deeply grateful to the Governor for his demonstrated commitment to our relief efforts and look forward to continuing to implement California Jobs First locally. Together, we will ensure an equitable recovery for all Angelenos.”

    Lindsey Horvath, Los Angeles County Supervisor for the Third District: “More support is on the way for small businesses and workers impacted by the Palisades and Eaton fires thanks to this $10 million investment from Governor Newsom that will bolster LA County’s Small Business and Worker Relief Funds. Los Angeles County and our State partners, with support from philanthropy, are marshalling unprecedented financial resources to help fire-affected communities fill gaps in monthly expenses and heal. We thank Governor Newsom for his continued support.”

    City leaders

    Karen Bass, Mayor of Los Angeles: “Thank you Governor Newsom, for your continued support through LA’s unprecedented recovery. As we make urgent progress months faster than expected to get residents back home, we also need to ensure that small businesses have the support they need and deserve while navigating through this devastating time. Together, we will get residents home as quickly and as safely as possible, and we will give the Los Angeles workforce the support they deserve. We are grateful for your partnership as we continue our urgent recovery work.”

    Vinh T. Ngo, Mayor of Monterey Park: “We are very excited to see the new economic jobs plan laid out by Governor Newsom that will have direct benefit not just the wildfire impacted areas but all of California. I’m proud that the Governor chose the City of Monterey Park to make this critical announcement this week.”  

    Victoria Knapp, Chair of the Altadena Town Council: “As Chair of the Altadena Town Council, I want to express our deep gratitude to Governor Newsom for his leadership and steadfast commitment to the region since the early days of this disaster. His administration’s continued support has been a lifeline for our communities as we navigate the long road to recovery. This much-needed infusion of aid will be critical in helping our small businesses rebuild, creating new job opportunities, and ensuring our local workforce has access to the training needed to thrive in high-growth industries. With this investment, we are not just restoring what was lost—we are building a more resilient and prosperous future for Altadena and the entire Los Angeles region.”

    Business Leaders 

    Stephen Cheung, President and CEO of the Los Angeles County Economic Development Corporation: “We applaud Governor Newsom and the State of California for their leadership in supporting Los Angeles County’s economic recovery. The $3 million investment in the California Jobs First initiative will strengthen our efforts to create quality jobs and economic opportunities for local communities, especially those most impacted by economic challenges. Additionally, the $10 million in small business relief funding will provide critical support to the backbone of our economy—our small businesses—helping them rebuild, innovate, and thrive. LAEDC is committed to working with our partners across the region to ensure these investments drive inclusive and sustainable economic growth for all Angelenos.”

    Maria Salinas, President and CEO of the LA Area Chamber of Commerce: “Governor Newsom’s announcement marks an exciting step forward in realizing California Jobs First—turning a bold vision into local impact. By investing in key industry sectors and aligning workforce development with economic priorities, this initiative will create accessible, good-paying jobs and drive sustainable growth across our communities. We are proud of the vision set forth in this economic blueprint and the additional investment to help Los Angeles recover and rebuild. This ensures our region continues to lead in innovation, opportunity, and economic resilience.”

    Tracy Hernandez, CEO of BizFed & New California Coalition: “Governor Newsom took talk to action this week delivering much needed real time funding to super charge the LA firestorm rebuilding process and accelerate the vital long term economic resiliency of our state.”

    Alysia Bell, President of UNITE-LA: “Governor Newsom’s leadership drives California’s progress and elevates the triple bottom line: economy, equity, and environment. UNITE-LA, a nonprofit intermediary committed to equitable economic mobility, applauds the state’s continued investment in innovation and regional collaboration, essential for Los Angeles’ wildfire recovery.”

    Judy Matthews, President of the Altadena Chamber of Commerce: “As President of the Altadena Chamber of Commerce, I want to express my strong support for Governor Newsom’s announcement of the California Jobs First Economic Blueprint and its potential impact on Southern California. The focus on job apprenticeship programs and support for small businesses including home-base affected by the fires will generate significant employment opportunities and drive economic growth in our Altadena community. By investing in workforce development and entrepreneurship, these initiatives will create a more resilient economy and attract investments that will revitalize our community and strengthen our local economy.”

    Read more about California’s response to the LA firestorms and support to help speed the recovery and rebuilding of Los Angeles here. For the latest information, resources, and services, visit ca.gov/LAfires

    Press Releases, Recent News

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today announced the appointment of Nani Coloretti as his new Cabinet Secretary and expressed deep gratitude to departing Cabinet Secretary Ann Patterson for her six years of exemplary service. Patterson, who had planned to step…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Aaron Maguire, of Roseville, has been appointed Executive Officer of the Board of State and Community Corrections, where he has been Acting Executive Officer at the Board of State and…

    News SACRAMENTO – California and a consortium of 21 Brazilian states are partnering together to combat pollution and foster sustainable economic growth. Governor Gavin Newsom and Governor Renato Casagrande of the Brazilian state of Espírito Santo signed a Memorandum…

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces executive staff transitions with appointments of Nani Coloretti, Ann Patterson

    Source: US State of California 2

    Feb 28, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the appointment of Nani Coloretti as his new Cabinet Secretary and expressed deep gratitude to departing Cabinet Secretary Ann Patterson for her six years of exemplary service. Patterson, who had planned to step down, has agreed to extend her public service as Senior Counselor to the Governor, primarily supporting the administration’s recovery initiatives for Los Angeles.

    “I am profoundly grateful for Ann’s guidance over these last six years — helping me navigate some of the most meaningful, as well as the most challenging, moments of my governorship.

    “Ann was ready to take the next step, but her willingness to stay to help us transition during LA’s recovery speaks volumes about her dedication to California.

    “During this transition, I am thrilled to welcome Nani as she steps into this critical role. Nani’s decades of experience navigating complex policy issues at all levels of government make her uniquely qualified to lead our cabinet in continuing to deliver bold solutions to improve the health, well-being, and safety of all Californians.” 

    Governor Gavin Newsom

    Coloretti previously held the position of Deputy Director of the Office of Management and Budget under President Joe Biden, where she helped manage the nation’s nearly $7 trillion federal budget and implement key initiatives across all areas of government. She has also held senior leadership roles at the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury and played a pivotal role in establishing the Consumer Financial Protection Bureau.

    During her tenure as Cabinet Secretary, Patterson guided California through historic challenges, including the state’s response to multiple natural disasters and the COVID-19 pandemic. She played a pivotal role in advancing nearly all of Governor Newsom’s efforts, including PAGA reform, historic laws protecting ratepayers and wildfire survivors, establishing the world’s largest aerial wildfire-fighting fleet, improving public safety through the California Model, and implementing universal free school meals for all kids in California.

    Nani Coloretti, of Sacramento, has been appointed Cabinet Secretary in the Office of Governor Gavin Newsom. Coloretti has been Senior Counselor in the Office of Governor Gavin Newsom since 2025. Coloretti was Deputy Director at the United States Office of Management and Budget from 2022 to 2025. She was Senior Vice President for Business and Financial Strategy at The Urban Institute from 2017 to 2022. Coloretti was Deputy Secretary at the United States Department of Housing and Urban Development from 2014 to 2017. She served in multiple roles at the United States Department of the Treasury from 2009 to 2014, including Assistant Secretary for Management, Acting Chief Operating Officer for the Consumer Financial Protection Bureau, and Deputy Assistant Secretary of Management and Budget. Coloretti was San Francisco Budget Director in the Office of Mayor Gavin Newsom from 2006 to 2009. She served in multiple roles in the Office of Mayor Gavin Newsom from 2005 to 2006, including Policy Director and Deputy Policy Director. Coloretti earned a Master of Public Policy degree from University of California, Berkeley and a Bachelor of Arts degree in Economics and Communications from University of Pennsylvania. This position does not require Senate confirmation, and the salary is $235,344. Coloretti is a Democrat.

    Ann Patterson, of Sacramento, has been appointed Senior Counselor at the Office of Governor Gavin Newsom. Patterson has been Cabinet Secretary at the Office of Governor Gavin Newsom since 2022 and has served in multiple roles in the Office of Governor Newsom since 2019, including Legal Affairs Secretary and Chief Deputy Legal Affairs Secretary. Patterson was a Partner at Orrick, Herrington, and Sutcliffe from 2005 to 2018. This position does not require Senate confirmation, and the compensation is $235,344. Patterson is a Democrat.

    Press Releases, Recent News

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Aaron Maguire, of Roseville, has been appointed Executive Officer of the Board of State and Community Corrections, where he has been Acting Executive Officer at the Board of State and…

    News SACRAMENTO – California and a consortium of 21 Brazilian states are partnering together to combat pollution and foster sustainable economic growth. Governor Gavin Newsom and Governor Renato Casagrande of the Brazilian state of Espírito Santo signed a Memorandum…

    News SACRAMENTO – Governor Gavin Newsom today announced multiple clemency actions. He granted pardons in three cases. He also sent multiple clemency cases to the Board of Parole Hearings, initiating the process for granting clemency in fifteen cases. He also sent two…

    MIL OSI USA News

  • MIL-OSI Economics: Verizon announces strategic partnership with Accenture to help organizations tackle emerging cybersecurity threats

    Source: Verizon

    Headline: Verizon announces strategic partnership with Accenture to help organizations tackle emerging cybersecurity threats

    What you need to know:

    • Verizon Business and Accenture will help customers across all industries and businesses of all sizes become cyber resilient.
    • New advanced services will help companies identify security vulnerabilities and detect, respond to and recover from cyberattacks and will be integrated with Verizon’s portfolio of network solutions. 
    • The partnership will focus on the most pressing areas of risk: identity and access management (IAM), managed extended detection and response (MxDR) and cyber risk services.

    NEW YORK – To address the rapidly evolving cybersecurity landscape, Verizon Business and Accenture today announced a strategic partnership to accelerate the development and delivery of advanced cybersecurity solutions. The agreement aims to help businesses of all sizes mitigate a range of growing threats, from data breaches to phishing attacks to social engineering and beyond.

    Combining both companies’ strengths in cybersecurity and networking, the partnership will begin by offering new as-a-service capabilities including Identity and Access Management (IAM)1, Managed Extended Detection and Response (MxDR)2, as well as cyber risk services. Following this initial phase, the partnership will concentrate on co-innovating new solutions.

    “Cybersecurity is a top priority for businesses. With our decades of experience in this area, Verizon is committed to offering solutions that protect our customers and keep their data secure,” said Kyle Malady, CEO of Verizon Business. “We are seeing evolving demands from our customers and we are building out new cybersecurity capabilities. Partnering with Accenture will be key to scaling our capabilities and delivering new and innovative products to address our customers’ most pressing needs.”

    “The security landscape is growing more complex, driven by emerging technologies, geopolitical uncertainty, global data and cyber security regulations, supply chain risks, and a cyber skills gap. Businesses must prioritize resilience to stay ahead of evolving threats,” said Manish Sharma, CEO – Americas, Accenture. “Our solutions, coupled with Verizon’s core network services and deep security expertise will enable businesses to better protect their data and operations against cyber-attacks.”

    “Verizon’s targeted emphasis on security services offerings, combined with its collaboration with Accenture, enables both companies to effectively address the increasing demand for comprehensive cybersecurity solutions” noted Craig Robinson, IDC Research Vice President, Security & Trust. “This initiative will improve Verizon Business’s competitive edge and align its offerings with current market trends and customer needs”

    For more information, visit the Verizon & Accenture Partnership page.


    1 Identity and Access Management (IAM) is a security and business discipline that includes multiple technologies and business processes to help the right people or machines to access the right assets at the right time for the right reasons, while keeping unauthorized access and fraud at bay.

    2 Managed Extended Detection and Response (MXDR) delivers unified security incident detection and automated response capabilities for security infrastructure managed by a third-party security provider. MXDRs integrate threat intelligence and telemetry data (from multiple sources) with security analytics to provide contextualization and correlation of security alerts; they must also include native sensors.

    MIL OSI Economics

  • MIL-OSI Economics: Verizon declares quarterly dividend on February 28

    Source: Verizon

    Headline: Verizon declares quarterly dividend on February 28

    NEW YORK, N.Y. – The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on May 1, 2025 to Verizon shareholders of record at the close of business on April 10, 2025.

    Verizon demonstrated strong performance in 2024, as it more than doubled wireless postpaid phone net additions compared to 2023, and continued to take broadband market share with Fios and fixed wireless access. The company delivered on financial guidance with impactful revenue growth and operational results and is well-positioned to meet its 2025 financial guidance and operational goals.

    “As the industry leader with 18 consecutive years of dividend increases, we see Verizon’s growth and strong performance as a testament to our continued focus on growing connections and strengthening the value of our customer relationships,” said Chairman and CEO Hans Vestberg. “We continue to advance our customer-centric strategy and our commitment to delivering the highest quality mobility, broadband and networking products and services, while maintaining our financial and operational discipline.”

    Verizon has approximately 4.2 billion shares of common stock outstanding. The company made more than $11.2 billion in cash dividend payments in 2024.

    MIL OSI Economics

  • MIL-OSI Video: UK Physicist and TV presenter Brian Cox addresses new Lords Committee on the UK’s Engagement with Space

    Source: United Kingdom UK House of Lords (video statements)

    A new House of Lords Committee set up to explore the UK’s role and engagement with space will hear from world-renowned physicist and TV presenter Professor Brian Cox at its first public evidence session.

    Find out more about the committee and this inquiry: https://committees.parliament.uk/committee/773/uk-engagement-with-space-committee

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
    • Bluesky: https://bsky.app/profile/houseoflords.parliament.uk
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=Fwp1aWpEcsA

    MIL OSI Video

  • MIL-OSI Economics: 29th Meeting of the Standing Advisory Committee to Review the Flow of Credit to MSMEs held by Reserve Bank of India

    Source: Reserve Bank of India

    The 29th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to Micro, Small and Medium Enterprises (MSME) sector was held in Ahmedabad, on March 3, 2025, under the chairmanship of Shri Swaminathan J, Deputy Governor, Reserve Bank of India. The meeting was attended by Executive Director, RBI, Senior Officials from Ministry of MSME and Department of Financial Services, Ministry of Finance, Government of India; Chairman, SIDBI, Senior Management of major banks and NABARD, senior executives of Credit Guarantee Fund Trust for Micro and Small Enterprises, National Credit Guarantee Trustee Company Limited, Khadi & Village Industries Commission, Indian Banks’ Association, Finance Industry Development Council and MSME Associations.

    Deputy Governor, in his keynote address, underscored the pivotal role of the MSME sector in India’s economic development. He reaffirmed the Reserve Bank’s commitment to strengthening institutional credit support through initiatives like the Unified Lending Interface (ULI), the Account Aggregator framework, and the Regulatory Sandbox. Acknowledging key challenges such as financial literacy gaps, information asymmetry, and delayed payments, he stressed the need for digital solutions, alternative credit assessment models, and greater participation in platforms like TReDS. Deputy Governor emphasized the importance of fair lending practices, ensuring transparency and an empathetic approach towards MSMEs facing financial distress. He also reiterated the crucial role of MSME associations in capacity building and bridging information gaps, to help MSMEs better access credit.

    During the meeting, the SAC reviewed the flow of credit to MSMEs and deliberated on ways to address the issues related to credit gap in the sector, cash flow based lending and digital solutions for improved credit linkage, accelerating adoption of TReDS, enhancing the usage of credit guarantee schemes and proactive revival and rehabilitation of MSMEs in financial distress, among others.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2290

    MIL OSI Economics

  • MIL-OSI Africa: South Africa’s South African National Petroleum Company (SANPC) to Showcase Strategic Vision at Invest in African Energy (IAE) 2025

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

    PARIS, France, March 3, 2025/APO Group/ —

    South Africa’s newly established South African National Petroleum Company (SANPC) will host an investor roadshow at the Invest in African Energy (IAE) Forum in Paris this May, highlighting its strategic vision and the more than R95 billion in untapped market and investment opportunities in South Africa’s oil and gas sector. Under the theme “South Africa’s Energy Future: A New Age State Entity,” the presentation will be led by SANPC CEO Godfrey Moagi, following the company’s official launch, scheduled for April 2025.

    With a clear mandate to promote energy independence and diversification, SANPC is set to drive large-scale investments in the oil, gas and clean energy sectors. SANPC’s strategy includes ring-fencing all non-functioning assets, identifying assets that can be moved to the NOC and ensuring these assets can be traded and utilized effectively. At the IAE 2025, delegates will gain an exclusive look into SANPC’s far-reaching goals, including the creation of a state-backed energy company that will enhance the country’s energy security, facilitate the transition to cleaner energy sources and create employment opportunities for the nation’s youth.

    IAE 2025 (https://apo-opa.co/4h81CCe) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    SANPC’s strategic vision aligns with South Africa’s National Development Plan, which outlines the country’s goals to expand access to affordable, reliable energy while navigating the energy transition. The creation of SANPC marks a bold step toward achieving these objectives, acting as a catalyst for new ventures, partnerships and large-scale infrastructure projects. As South Africa’s energy landscape undergoes reform, SANPC aims to drive the rapid deployment of new projects while adhering to the highest sustainability standards and fostering regional integration in oil and gas.

    SANPC’s participation at IAE 2025 is part of the company’s series of investor roadshows, first launched at the African Energy Week: Invest in African Energies 2024 conference in Cape Town. These roadshows support the company’s commitment to attracting foreign investment and offer stakeholders the opportunity to engage with SANPC leadership, while gaining insight into the company’s vision for an energy future that fosters both economic and environmental sustainability.

    MIL OSI Africa

  • MIL-OSI Africa: Centrale Électrique du Congo (CEC) Joins the Congo Energy & Investment Forum (CEIF) 2025 as Gas Turbine Overhaul Nears Completion

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

    BRAZZAVILLE, Republic of Congo, March 3, 2025/APO Group/ —

    With maintenance nearing completion on one of the three turbines at the 484 MW gas-fired Centrale Électrique du Congo (CEC) power plant, the Republic of Congo’s state-owned electricity company is strengthening its role in driving electrification and industrial growth. In 2024, CEC achieved its highest production year, generating 2.39 TWh with a peak demand of 423.9 MW.

    Gianmaria Pozzoli, Director General of CEC, will participate in the Congo Energy & Investment Forum (CEIF) this March, where he is expected to engage with investors, foster partnerships and advance economic development initiatives. His participation will provide valuable insights into Congo’s evolving energy landscape and CEC’s role in expanding the country’s power infrastructure.

    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.

    Earlier this month, CEC signed an MoU with investment holding company Zanaga Iron Ore Company Limited to evaluate power supply solutions for the Zanaga Iron Ore Project in Congo. The partnership will assess the technical, economic and legal aspects of power generation and distribution to support the project’s initial phase, which targets an annual production capacity of 12 million tons of iron ore.

    In June 2024, the World Bank allocated $100 million to improve electricity access in Congo, prompting the government to expand gas-to-power infrastructure to meet the country’s rising energy demand, projected to reach 900 MW by 2025. CEC, a key beneficiary of this initiative, utilizes natural gas from the Marine XII Block and currently operates two turbines, with the third undergoing maintenance. The facility is also being converted into a combined-cycle plant, a transition expected to be completed this year.

    Despite limited electricity access – with 68% of urban areas and 12% of rural areas connected to the grid – Congo has made notable progress in strengthening both domestic and regional energy networks. In 2021, Congo and the Democratic Republic of Congo (DRC) signed a cooperation agreement to implement the Boucle de l’Amitié Énergétique. The project’s initial phase focuses on enhancing power transmission between CEC’s Pointe-Noire facility and the Inga Hydroelectric Plant in the DRC, passing through Brazzaville.

    This three-nation collaboration is designed to increase electricity production, stabilize the grid and deepen economic and political ties. The initiative is expected to supply power to industrial zones across participating countries, spurring economic growth and development.

    “CEC’s participation at CEIF 2025 is pivotal in fostering key partnerships that will drive the country’s electrification and industrial growth. Their leadership in the energy sector, combined with strategic initiatives, positions them as an essential partner in attracting investment and advancing infrastructure development. The collaboration and insights shared at this event will be instrumental in unlocking new opportunities for sustainable energy solutions in Congo and the broader region,” states Sandra Jeque, Events and Project Director at Energy Capital & Power.

    MIL OSI Africa

  • MIL-OSI: GPTBots.ai and Qatar Science & Technology Park Strengthen Collaboration to Drive AI Innovation in the Middle East

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 03, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its leading enterprise AI agent platform, GPTBots.ai, continues to strengthen its collaboration with Qatar Science & Technology Park (QSTP), member of Qatar Foundation. QSTP is Qatar’s premier hub for technology development, innovation and entrepreneurship in the MENA region. This partnership, built on a shared vision of advancing artificial intelligence, has taken on new significance with the recent integration of DeepSeek, a revolutionary AI model that is reshaping the global AI landscape, into GPTBots.ai.

    A Partnership Rooted in Vision and Innovation

    Under the leadership of Dr. Jack Lau, President of QSTP, the park has established itself as a dynamic hub for technological innovation and collaboration. With a strong focus on bridging technology and academia, QSTP has cultivated an environment that supports the development and scaling of transformative solutions across sectors such as artificial intelligence, healthcare, energy and environment.

    “QSTP is committed to empowering businesses to leverage advanced technologies to address the region’s unique challenges,” said Dr. Lau. “The integration of DeepSeek into GPTBots.ai’s platform is a significant step forward, making AI more accessible and tailored for Middle Eastern enterprises. By fostering such collaborations, we aim to drive sustainable growth and position the region as a global hub for technological innovation.”

    DeepSeek Integration: A Game-Changer for Middle Eastern Enterprises

    The recent integration of DeepSeek into GPTBots.ai’s no-code AI platform marks a significant milestone in the partnership. DeepSeek’s cost-effective and efficient capabilities provide Middle Eastern enterprises with unprecedented opportunities to leverage AI for localized and industry-specific applications.

    Key benefits for regional businesses include:

    Affordability: DeepSeek’s lower development costs make AI adoption more accessible to businesses of all sizes.

    Localization: Tailored solutions optimized for Arabic and Gulf dialects, addressing a critical gap in the region’s AI landscape.

    Scalability: Seamless integration with GPTBots.ai’s platform enables rapid deployment of AI applications across industries such as government services, healthcare, and finance.

    Jerry Yin, Vice President of GPTBots.ai, emphasized the value of this integration:

    “DeepSeek’s affordability and efficiency, combined with GPTBots.ai’s no-code platform, create a powerful tool for Middle Eastern businesses to innovate and grow. Our partnership with QSTP provides the foundation for delivering these solutions at scale, ensuring that enterprises in the region can fully capitalize on the potential of AI.”

    GPTBots.ai and QSTP: A Proven Track Record of Success

    This strengthened collaboration builds on a history of impactful initiatives between GPTBots.ai and QSTP. In the past, GPTBots.ai partnered with QSTP-incubated startup sKora Tech to revolutionize AI applications in the sports industry. The partnership resulted in groundbreaking advancements, including personalized growth pathways for athletes and AI-driven sports management solutions.

    The renewed focus on collaboration aims to replicate and expand such success stories across other industries, fostering innovation and economic growth in the Middle East.

    A Vision for the Future

    As the Middle East continues its journey toward becoming a global hub for AI innovation, GPTBots.ai and QSTP remain committed to driving this transformation. By combining QSTP’s visionary leadership and GPTBots.ai’s cutting-edge technology, the partnership is poised to deliver solutions that address the region’s most pressing challenges while unlocking new opportunities for growth.

    “Our collaboration with QSTP is built on a shared belief in the transformative power of AI,” said Jerry Yin. “Together, we are creating a future where AI is not just accessible but also impactful, enabling businesses across the Middle East to thrive in an increasingly digital world.”

    About GPTBots.ai

    GPTBots.ai is a complementary general-purpose LLM AI bot featuring private data input and continuous fine-tuning, which can replace ‘rule-based’ chatbots, improve user experience, and reduce costs. GPTBots.ai aims to provide users with an end-to-end business platform that can seamlessly integrate robots into existing applications and workflows via plug-ins. GPTBots.ai also allow users to have great access to, and more efficiently and effectively using, AIGC to improve overall corporate productivity and output quality.

    To know more, please visit https://www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited 
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network

  • MIL-OSI Russia: NTO and Roscosmos have identified the best schoolchildren in space technologies

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    On March 1, the closing ceremony of the space profile finals took place in Moscow National Technology Olympiad (NTO), whose project office operates at the National Research University Higher School of Economics. The names of the winners and prize winners were announced in three areas at once: “Aerospace Systems”, “Analysis of Space Images and Geospatial Data” and “Satellite Systems”. The best were 21 schoolchildren from 13 regions of Russia. The competition was traditionally held with the support of the State Corporation “Roscosmos”.

    Space profiles are among the very first in NTO, and their popularity and demand are only growing. This academic year, applications were submitted by about 4.5 thousand students of grades 8-11 from different parts of the country. However, only 90 participants made it to the final stage. The final competition and the closing ceremony took place within the walls of the university that organized the space profiles — RTU MIREA.

    During the final tests, the participants in teams solved real engineering problems directly related to promising projects in the space industry. The schoolchildren developed a system for analyzing meteorological data to monitor the ice conditions in the northern seas and a satellite that simulates the solution of problems of remote sensing of the Earth. In addition, the finalists made attachments for the rover and programmed the control system.

    The award ceremony was opened by RTU MIREA Rector Stanislav Kudzh: “We are not just holding the Olympiad, but are part of the Roscosmos network, are a strategic partner and train personnel for the corporation. I hope that among you there will be those who will enroll in our university, enroll in other leading universities. And you will continue to glorify our science and our country with your deeds.”

    “Space is a huge source of inspiration,” emphasized Dmitry Zemtsov, executive secretary of the NTO organizing committee and HSE Vice-Rector, addressing the finalists. “We have always been inspired by the story of how 15-year-old Sergei Korolev joined a gliding club and, a few years later, found himself in one of the best universities in the country. Another ten years later, he began designing his own systems and eventually created our cosmonautics. All this became possible because from the very beginning he had access to the advanced technologies of his time — back then, gliders were at the cutting edge of progress. What you work with at NTO are not only the technologies of today, but also of tomorrow. Every time I go on stage to present diplomas, I feel sincere pride, because you will definitely make the world a better place and create technologies that previous generations could not even imagine.”

    “Any Olympiad is, first of all, a competition. However, the most important victory is the ability to overcome yourself and achieve results,” said Dmitry Shishkin, Director of the Administrative Department of the Roscosmos State Corporation, at the closing ceremony. “No task that you will have to face in life can be solved instantly, without preparation. It is impossible to immediately take first place, assemble a satellite or obtain a space service. Therefore, the most important skill is to move forward steadily, step by step, without stopping. This is exactly what I wish for you. May your achievements of today and tomorrow be written in gold letters in the history of our cosmonautics and in the annals of the achievements of the entire country.”

    According to the results of the competition in the individual standings, the winners of the profile “Analysis of space images and geospatial data” of the Scientific and Technical Organization were schoolchildren from the Municipal Budgetary Educational Institution “Lyceum No. 11” of Chelyabinsk: Artem Sufiyanov and Artem Yantsen.

    The winners were Artem Arefyev from PJSC Khoroshevskaya Gymnasium (Moscow), Fedor Shpilev from ANOO Khoroshevskaya School (Moscow), and Yulia Dzhumataeva and Sofia Markova from the Lyceum at the Federal State Budgetary Educational Institution of Higher Education BGPU (Blagoveshchensk).

    The overall winner was the team represented by Artem Sufiyanov, Artem Yantsen, Yulia Dzhumataeva and Sofia Markova.

    In the individual standings of the “Satellite Systems” profile of the NTO, the best were schoolchildren from St. Petersburg: Nikita Gubarev from the Lyceum “Physical and Technical School” named after Zh. I. Alferov and Vladislav Shiman from the ChOU OiDO “LNMO”.

    The names of six winners of the profile were also announced. Among them are three participants from St. Petersburg: Tatyana Efremova from the Lyceum “Physical and Technical School” named after Zh. I. Alferov, Mikhail Demidov from the State Budgetary Educational Institution “School No. 644” of the Primorsky District and Maksim Podlesny from the State Budgetary Educational Institution “School No. 362” of the Moskovsky District. Another prize was taken by Mikhail Palkin from the city of Kudrovo in the Leningrad Region, a student of the State Budgetary Educational Institution “Secondary School No. 255” of the Admiralty District of St. Petersburg. The list of winners was also replenished by Vladislav Borisenko from the Municipal Budgetary Educational Institution “GKL” (Metallploshchadka settlement, Kemerovo Region) and Ksenia Titova from the Lyceum of the Federal State Budgetary Educational Institution “UlGPU named after I. N. Ulyanov” (Ulyanovsk).

    The overall winner was the team from St. Petersburg, which included Vladislav Shiman, Mikhail Palkin, Mikhail Demidov and Maxim Podlesny.

    In the individual competition, the winners of the Aerospace Systems profile of the Scientific and Technical Organization were Arseniy Kuimov from the Kemerovo Municipal Budgetary Educational Institution GKL and Konstantin Syshchikov from the State Budgetary Educational Institution Lyceum No. 369 in St. Petersburg.

    Among the prize winners in this category are five participants. High results were shown by students of the FEFU University School in Primorsky Krai: Maria Sabashnyuk (Vladivostok) and Ivan Rubtsov (Artem). Prize places were also awarded to finalists from: Moscow Region – Svyatoslav Tveritnev (Chernogolovka) from MBOU “Chernogolovskaya Secondary School”, Tomsk – a student of MAOU “Gymnasium No. 24 named after M.V. Oktyabrskaya” Artemy Odyshev, Krasnodar Region – Gleb Anokhin (urban-type settlement Sirius) from ANOO “Presidential Lyceum “SIRIUS”.

    The overall winner was the team represented by Arseniy Kuimov, Gleb Anokhin and Svyatoslav Tveritnev.

    The winners will receive not only diplomas, but also additional educational opportunities: 100 points on the Unified State Exam or admission without entrance examinations to the country’s leading universities.

    Let us recall that the tasks of the space profiles were developed with the participation of partners: “Aerospace Systems” — Voltbro, the Institute of Mechanics of the Lomonosov Moscow State University and Intellect Design, “Analysis of Space Images and Geospatial Data” — the Institute of Environmental Design and Research, “Satellite Systems” — the Center for Space Education “Education of the Future”.

    The jubilee tenth season of the NTO is taking place in the 2024/2025 academic year. Space profiles, being one of the first areas of the Olympiad, have trained a whole galaxy of young engineers over the years.

    Evgeny Ivankin first took part in NTO in 2018/2019 in the profile on autonomous transport systems, and the following year he switched to the space track and became a prize winner in the profile “Analysis of space images and geospatial data”. After graduating from school, he successfully performed in the student track and became the winner of the profile “Geospatial digital twins”. The diploma of the school track of NTO helped Evgeny to enter the University of Innopolis without entrance examinations, and the victory in the student track – to get an internship at the company “Innogeotech”, where he transferred to a permanent position and develops geoinformation systems – a direction directly related to the profiles in which he won.

    Another inspiring example is Alexey Gilenko, the winner of the Satellite Systems profile in NTO – 2022/2023. After winning, Alexey entered Bauman Moscow State Technical University, and then joined the team of organizers of his native profile. Now he works at the Education of the Future center and helps develop tasks for new participants.

    Such stories show that the NTO is not just a competition, but a real platform for expanding the country’s technological human resources potential. The NTO is held under the coordination of the Ministry of Science and Higher Education of the Russian Federation together with the ANO “Russia – Land of Opportunities” with the support of the “Movement of the First”, the Agency for Strategic Initiatives and the ANO “NTI Platform”. The project office of the Olympiad is deployed at the HSE with the methodological support of the Association of Participants of Technological Circles (NTI Circle Movement). The organizing committee of the Olympiad is headed by the First Deputy Chief of Staff of the Presidential Executive Office of the Russian Federation Sergei Kiriyenko and Deputy Prime Minister of the Russian Federation Dmitry Chernyshenko.

    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

  • MIL-OSI: Surfshark Referral Program: Share Security, Gain Rewards

    Source: GlobeNewswire (MIL-OSI)

    Surfshark, a cybersecurity company developing privacy and security solutions, has launched a new Refer & Earn program designed to benefit both referrers and their social network connections. This initiative allows users to share online security and gain rewards for both parties.

    The Refer & Earn program is designed to encourage user engagement by allowing them to play a key role in protecting digital lives by sharing trusted cybersecurity solutions and receiving financial rewards in return. Users now have the opportunity to earn cash by recommending beloved Surfshark products to friends, family, colleagues, or even social media connections.

    How does it work?

    The referral program is simple. When a user invites someone to join Surfshark and the new member remains for at least 31 days, the referrer receives a reward.

    “To refer and earn rewards, users should begin by logging into their Surfshark account and navigating to the “Refer & Earn” tab. From there, they can copy their unique referral link and share it with friends. It’s important to note that the invited person must be new to Surfshark and remain subscribed for at least 31 days. After this, the friend will receive additional free months based on the plan they choose, and the user will be eligible to claim their reward,” explains Sarunas Sereika, Senior Product Manager at Surfshark.

    The Refer & Earn program offers limitless opportunities, allowing users to invite as many new members as they wish. The exciting part is that users can earn up to 38 USD from each invitation based on the plan. For example, if a friend selects the popular 24-month One plan, the referrer earns approximately 15 USD. If the friend adds any add-ons, the reward increases to 38 USD.

    Protecting digital lives

    This Refer & Earn program offers a great side job opportunity for individuals looking to earn extra income while promoting a vital and growing industry. As cyberthreats continue to evolve, more people are realizing the importance of robust online security, making this an ideal time to introduce friends and family to trusted cybersecurity solutions. By participating in the program, individuals not only earn cash rewards but also play a key role in helping others take essential steps toward protecting their digital lives. This opportunity allows people to contribute to a safer online environment while simultaneously benefiting from the growing demand for cybersecurity services.

    “As the digital landscape grows, so does the need for strong protection against ever-evolving threats. By sharing trusted cybersecurity solutions with friends and family, users play an essential role in creating a safer online world. This act of sharing is a meaningful contribution to a vital industry, especially as data breaches and cyberattacks occur constantly, highlighting the importance of keeping personal information secure and staying safe online. Plus, as a bonus for your good cause, you can earn rewards along the way,” says S. Sereika.

    NOTES TO EDITORS

    Surfshark is a cybersecurity company focused on developing humanized privacy and security solutions. The Surfshark One suite includes one of the very few VPNs audited by independent security experts, an officially certified antivirus, a private search tool, and a data leak alert system. Surfshark is recognized as the Tech Advisor’s Editor’s Choice for 2024. For a closer look at Surfshark in 2024, check our annual wrap-up. For more research projects, visit our research hub at: surfshark.com/research

    Attachment

    The MIL Network

  • MIL-OSI: Share buyback programme – week 9

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    London Stock Exchange
    Euronext Dublin
    Danish Financial Supervisory Authority
    Other stakeholders

    Date        3 March 2025

    Share buyback programme week 9

    The share buyback programme runs in the period 28 January 2025 up to and including 28 May 2025 provided that the forthcoming annual general meeting, to be held on 5 March 2025, gives the board a new authority to permit the bank to acquire its own shares.

    During the period the bank will thus buy back its own shares for a total of up to DKK 500 million under the programme, but to a maximum of 800,000 shares.

    The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” regulation.

    The following transactions have been made under the programme:

    Date Number of shares Average purchase price (DKK) Total purchased under the programme (DKK)
    Total in accordance with the last announcement 115,600 1,153.02 133,289,081
    24 February 2025 5,400 1,177.29 6,357,366
    25 February 2025 5,500 1,191.71 6,554,405
    26 February 2025 4,000 1,218.00 4,872,000
    27 February 2025 4,200 1,219.12 5,120,304
    28 February 2025 4,200 1,210.84 5,085,528
    Total under the share buyback programme 138,900 1,161.11 161,278,684

    With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:

    • 1,453,942 shares under the completed and present share buyback programme(-s) corresponding to 5.4 % of the company’s share capital.

    In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.

    Yours sincerely,

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Detailed summary of the transactions on the above reporting days

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    The MIL Network

  • MIL-OSI: THSYU Announces Strategic Partnership Plan to Accelerate Global Cryptocurrency Ecosystem Integration and Collaboration

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 03, 2025 (GLOBE NEWSWIRE) — Thsyu CRYPTO GROUP LIMITED, through its flagship product THSYU Exchange, recently revealed its latest strategic partnership initiative, aimed at reinforcing the global blockchain collaboration ecosystem and advancing the integration of cryptocurrency innovation worldwide. The newly implemented strategy encompasses expanded alliances across finance, technology, compliance, and research sectors, significantly boosting THSYU’s global market competitiveness and enhancing its international influence.

    A cornerstone of THSYU’s strategic plan is the establishment of intensive partnerships with leading global financial institutions and payment service providers. This approach enables deeper integration of fiat-to-crypto channels, providing users worldwide streamlined access to digital assets, quick deposits and withdrawals, diversified investment options, and seamless financial interactions. Such robust financial cooperation not only expands global user coverage but also significantly elevates THSYU’s services in international markets.

    Alongside financial partnerships, THSYU is strategically aligning with blockchain technology enterprises and industry academies to promote innovation and technological advancement. Through collaborative research and technical exchanges within these expert alliances, THSYU optimizes its underlying infrastructure, enhances the security mechanisms, and broadens the platform’s DeFi capabilities. This systematic approach positions THSYU Exchange at the forefront of technological competitiveness within the crypto industry.

    Compliance is a further crucial pillar of the THSYU partnership strategy. By working closely with prominent global law firms and compliance experts, the exchange ensures full adherence to regional regulatory frameworks and licensing requirements. Such partnerships facilitate compliant market entries worldwide, strengthen institutional trust, enhance regulatory transparency, and support THSYU’s sustained operations and market leadership.

    The expanded alliance network includes academic institutions and research centers to stimulate blockchain innovation and applied research. THSYU hosts industry summits, hackathons, periodic roundtables, and research exchanges to foster meaningful dialog among academia, entrepreneurs, developers, and regulators. These activities serve to stimulate industry-standard formulation and technological breakthroughs, further solidifying THSYU’s influential role within the global cryptocurrency ecosystem.

    Through this strategic alliance-based operational framework, THSYU Exchange reinforces its status as an innovative leader in the international cryptocurrency sector. As the global blockchain and cryptocurrency markets continually mature and expand, THSYU’s strengthened partnership strategy promises to drive further cooperative innovation and accelerate widespread global adoption of digital assets.

    Media Contact:
    Jessica Green
    Chief Operating Officer
    Thsyu CRYPTO GROUP LIMITED
    Address: 1670 Broadway, Denver, CO 80202, US
    Email: jessica.green@thsyu.com
    Website: www.thsyu.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6b6e00db-fc5c-45c8-b6d5-ab21404992f7

    The MIL Network

  • MIL-OSI Economics: Mobile malware evolution in 2024

    Source: Securelist – Kaspersky

    Headline: Mobile malware evolution in 2024

    These statistics are based on detection alerts from Kaspersky products, collected from users who consented to provide statistical data to Kaspersky Security Network. The statistics for previous years may differ from earlier publications due to a data and methodology revision implemented in 2024.

    The year in figures

    According to Kaspersky Security Network, in 2024:

    • A total of 33.3 million attacks involving malware, adware or unwanted mobile software were prevented.
    • Adware, the most common mobile threat, accounted for 35% of total detections.
    • A total of 1.1 million malicious and potentially unwanted installation packages were detected, almost 69,000 of which associated with mobile banking Trojans.

    In 2024, cybercriminals launched a monthly average of 2.8 million malware, adware or unwanted software attacks targeting mobile devices. In total, Kaspersky products blocked 33,265,112 attacks in 2024.

    Attacks on Kaspersky mobile users in 2024 (download)

    At the end of 2024, we discovered a new distribution scheme for the Mamont banking Trojan, targeting users of Android devices in Russia. The attackers lured users with a variety of discounted products. The victim had to send a message to place an order. Some time later, the user received a phishing link to download malware disguised as a shipment tracking app.

    The phishing link as seen in the chat with the fraudsters

    See translation

    Your order has shipped.
    42609775
    Your order tracking code.
    You can track your order in the mobile app:
    https://.pilpesti573.ru/page/e5d565fdfd7ce
    Tracker
    To pay for your order AFTER YOU RECEIVE IT, enter your tracking code IN THE APP above and wait for your order details to load. We recommend keeping the app open while you are doing so. Loading the track code may take more than 30 minutes.

    In August 2024, researchers at ESET described a new NFC banking scam discovered in the Czech Republic. The scammers employed phishing websites to spread malicious mods of the legitimate app NFCGate. These used a variety of pretexts to persuade the victim to place a bank card next to the back of their phone for an NFC connection. The card details were leaked to the fraudsters who then made small contactless payments or withdrew money at ATMs.

    A similar scheme was later spotted in Russia, where malware masqueraded as banking and e-government apps. The SpyNote RAT was occasionally used as the malware dropper and NFC activator.

    A screenshot of the fake mobile app

    See translation

    Hold your card against the NFC contactless payment module for verification.
    Ready to scan

    Also in 2024, we detected many new preinstalled malicious apps that we assigned the generalized verdict of Trojan.AndroidOS.Adinstall. A further discovery, made in July, was the LinkDoor backdoor, also known as Vo1d, installed on Android-powered TV set-top boxes. It was located inside an infected system application com.google.android.services. The malware was capable of running arbitrary executables and downloading and installing any APKs.

    On top of the above, we discovered several apps on Google Play, each containing a malicious SDK implant named “SparkCat”, which began to spread at least as early as March 2024. Infected apps were deleted by the store in February 2025: nevertheless, our telemetry data shows that other apps containing SparkCat are distributed through unofficial sources.

    This SDK received a C2 server command with a list of keywords or dictionaries to search the gallery on the device for images to exfiltrate. Our data suggests that the Trojan was aimed at stealing recovery phrases for cryptocurrency wallets of Android users primarily in the UAE, Europe and Asia.

    It is worth noting that the same implant for iOS was delivered via the App Store, which makes it the first known OCR malware to sneak into Apple’s official marketplace. Apple removed the infected apps in February 2025.

    Mobile threat statistics

    We discovered 1,133,329 malicious and potentially unwanted installation packages in 2024. This was below the 2023 figure, but the difference was smaller than the year before. The trend in the number of new unique malware installation packages appears to be plateauing.

    Detected Android-specific malware and unwanted software installation packages in 2021–2024 (download)

    Detected packages by type

    Detected mobile apps by type in 2023 and 2024 (download)

    Adware and RiskTool apps continued to dominate the rankings of detected threats by type. The BrowserAd (22.8%), HiddenAd (20.3%) and Adlo (16%) families accounted for the largest number of new installation packages in the former category. RiskTool’s share grew largely due to an increase in the number of Fakapp pornographic apps.

    Share* of users attacked by the given type of malware or unwanted software out of all targeted Kaspersky mobile users in 2023–2024 (download)

    *The total may exceed 100% if the same users experienced multiple attack types.

    Banking Trojans gained three positions as compared with 2023 to occupy fourth place, following the usual leaders: adware, Trojans, and RiskTool.

    TOP 20 most frequently detected types of mobile malware

    Note that the malware rankings below exclude riskware and potentially unwanted apps, such as adware and RiskTool.

    Verdict %* 2023 %* 2024 Difference in p.p. Change in ranking
    Trojan.AndroidOS.Fakemoney.v 11.76 16.64 +4.88 +2
    DangerousObject.Multi.Generic. 14.82 11.13 –3.70 –1
    Trojan.AndroidOS.Triada.ga 0.00 6.64 +6.64
    Trojan-Banker.AndroidOS.Mamont.bc 0.00 5.36 +5.36
    Trojan.AndroidOS.Boogr.gsh 6.81 4.71 –2.10 –3
    Trojan.AndroidOS.Triada.fd 1.16 4.45 +3.29 +19
    DangerousObject.AndroidOS.GenericML 2.39 4.35 +1.96 +3
    Trojan-Downloader.AndroidOS.Dwphon.a 0.77 3.59 +2.82 +26
    Trojan-Spy.AndroidOS.SpyNote.bz 0.43 3.40 +2.97 +48
    Trojan-Spy.AndroidOS.SpyNote.bv 0.37 2.69 +2.32 +57
    Trojan.AndroidOS.Fakeapp.hk 0.00 2.51 +2.51
    Trojan.AndroidOS.Triada.gs 0.00 2.50 +2.50
    Trojan.AndroidOS.Triada.gn 0.00 2.02 +2.02
    Trojan-Downloader.AndroidOS.Agent.mm 1.46 1.91 +0.45 +6
    Trojan.AndroidOS.Triada.gm 0.00 1.84 +1.84
    Trojan.AndroidOS.Generic. 3.63 1.83 –1.80 –8
    Trojan.AndroidOS.Fakemoney.bw 0.00 1.82 +1.82
    Trojan-Banker.AndroidOS.Agent.rj 0.00 1.63 +1.63
    Trojan.AndroidOS.Fakemoney.bj 0.00 1.61 +1.61
    Trojan-Spy.AndroidOS.SpyNote.cc 0.06 1.54 +1.47

    * Share of unique users who encountered this malware as a percentage of all attacked Kaspersky mobile users

    Fakemoney, a family of investment and payout scam apps, showed the highest level of activity in 2024. Third-party WhatsApp mods with the Triada.ga embedded Trojan were third, following the generalized cloud-specific verdict of DangerousObject.Multi.Generic. Many other messaging app mods in the same family, namely Triada.fd, Triada.gs, Triada.gn and Triada.gm, hit the TOP 20 too.

    Mamont banking Trojans, ranking fourth by number of attacked users, gained high popularity with cybercriminals. These malicious apps come in a multitude of variants. They typically target users’ funds via SMS or USSD requests. One of them spreads under the guise of a parcel tracking app for fake online stores.

    Various malware files detected by machine learning technology ranked fifth (Trojan.AndroidOS.Boogr.gsh) and seventh (DangerousObject.AndroidOS.GenericML). They were followed by the Dwphon Trojan that came preinstalled on certain devices. The SpyNote RAT Trojans, which remained active throughout the year, occupied ninth, tenth and twentieth places.

    Region-specific malware

    This section describes malware types that mostly affected specific countries.

    Verdict Country* %**
    Trojan-Banker.AndroidOS.Agent.nw Turkey 99.58
    Trojan.AndroidOS.Piom.axdh Turkey 99.58
    Trojan-Banker.AndroidOS.BrowBot.q Turkey 99.18
    Trojan-Banker.AndroidOS.BrowBot.w Turkey 99.15
    Trojan.AndroidOS.Piom.bayl Turkey 98.72
    Trojan-Banker.AndroidOS.BrowBot.a Turkey 98.67
    Trojan-Spy.AndroidOS.SmsThief.wp India 98.63
    Trojan-Banker.AndroidOS.Rewardsteal.fa India 98.33
    Trojan.AndroidOS.Piom.bbfv Turkey 98.31
    Trojan-Banker.AndroidOS.BrowBot.n Turkey 98.14
    HackTool.AndroidOS.FakePay.c Brazil 97.99
    Backdoor.AndroidOS.Tambir.d Turkey 97.87
    Trojan.AndroidOS.Piom.bcqp Turkey 97.79
    HackTool.AndroidOS.FakePay.i Brazil 97.65
    Backdoor.AndroidOS.Tambir.a Turkey 97.62
    Trojan-Banker.AndroidOS.Coper.b Turkey 97.45
    HackTool.AndroidOS.FakePay.h Brazil 97.39
    Trojan-Spy.AndroidOS.SmsThief.ya India 97.09
    Trojan-Spy.AndroidOS.SmsThief.wm India 97.09
    Trojan-Banker.AndroidOS.Rewardsteal.hi India 96.68

    * Country where the malware was most active
    * Share of unique users who encountered the malware in the indicated country as a percentage of all Kaspersky mobile security users attacked by the malware

    Turkey and India accounted for the majority of region-specific threats in 2024. A variety of banking Trojans continued to be active in Turkey. Piom Trojans were associated with GodFather and BrowBot banker campaigns.

    Users in India were attacked by Rewardsteal bankers and a variety of SmsThief SMS spies. Our quarterly reports have covered FakePay utilities widespread in Brazil and designed to defraud sellers by imitating payment transactions.

    Mobile banking Trojans

    The number of new banking Trojan installation packages dropped again to 68,730 as compared to the previous year.

    The number of mobile banking Trojan installation packages detected by Kaspersky in 2021–2024 (download)

    The total number of banker attacks increased dramatically over 2023’s level despite the drop in the number of unique installation packages. The trend has persisted for years. This may suggest that scammers began to scale down their efforts to generate unique applications, focusing instead on distributing the same files to a maximum number of victims.

    TOP 10 mobile bankers

    Verdict %* 2023 %* 2024 Difference in p.p. Change in ranking
    Trojan-Banker.AndroidOS.Mamont.bc 0.00 36.70 +36.70
    Trojan-Banker.AndroidOS.Agent.rj 0.00 11.14 +11.14
    Trojan-Banker.AndroidOS.Mamont.da 0.00 4.36 +4.36
    Trojan-Banker.AndroidOS.Coper.a 0.51 3.58 +3.07 +30
    Trojan-Banker.AndroidOS.UdangaSteal.b 0.00 3.17 +3.17
    Trojan-Banker.AndroidOS.Agent.eq 21.79 3.10 –18.69 –4
    Trojan-Banker.AndroidOS.Mamont.cb 0.00 3.05 +3.05
    Trojan-Banker.AndroidOS.Bian.h 23.13 3.02 –20.11 –7
    Trojan-Banker.AndroidOS.Faketoken.z 0.68 2.96 +2.29 +18
    Trojan-Banker.AndroidOS.Coper.c 0.00 2.84 +2.84

    * Share of unique users who encountered this malware as a percentage of all users of Kaspersky mobile security solutions who encountered banking threats

    Conclusion

    The number of unique malware and unwanted software installation packages continued to decline year to year in 2024. However, the rate of that decline slowed down. The upward trend in mobile banking Trojan activity persisted despite the years-long decrease in unique installation packages.

    Cybercriminals kept trying to sneak malware into official app stores like Google Play, but we also discovered a fair number of diverse preinstalled malicious apps in 2024. Speaking of interesting techniques first spotted last year, the use of NFC for stealing bank card data stands out.

    MIL OSI Economics

  • MIL-OSI Europe: EUROPE/POLOND – European Meeting of National Directors of the Pontifical Mission Societies on the new mission emergencies

    Source: Agenzia Fides – MIL OSI

    Warsaw (Agenzia Fides) – Reflection, prayer, sharing and dialogue on the challenges of evangelization were the focus of the Meeting of European National Directors of the Pontifical Mission Societies, held in Warsaw from 24 to 28 February. The meeting, which takes place every year in a different country (last year in Hungary, see Fides, 7/2/2024), was dedicated to sharing experiences at the local level and aims to join forces to face global missionary urgency together.The President of the Pontifical Mission Societies, Archbishop Emilio Nappa, presided over the Eucharistic celebration on Monday and opened the work the following day. On Tuesday and Wednesday, the program included speeches by the President of the Polish Bishops’ Conference, Archbishop Tadeus Wojda, and the President of the Episcopal Mission Commission, Bishop Jan Piotrowski. Thursday was dedicated to the meeting with the General Secretaries of the Pontifical Society for the Propagation of the Faith, Father Tadeusz Nowak (OMI), the Pontifical Missionary Union of Clergy, Father Anh Nhue Nguyen (OFMConv), and the Pontifical Society for Missionary Childhood, Sister Inês Paulo Albino (ASC).In addition to group meetings and moments of prayer, the participants from 24 European countries also had the opportunity to visit spiritually significant places, including the Shrine of the Immaculate Virgin Mary in Niepokalanów, founded by Saint Maximilian Kolbe.”The Church in Poland tirelessly proclaims the Gospel, engages in social work, carries out charitable initiatives, supports people in need and accompanies those who seek spiritual and material help.However, given the changing times, we are aware that great challenges await us. We must rediscover our zeal for evangelization and use new forms of communication that will allow us to better reach the younger generations. We must support the clergy, involve the laity and women more in order to work together according to their respective vocations and tasks and enable them to share responsibility for the Church,” said Archbishop Tadeus Wojda in his address on the state of the Church in Poland, in which he called for joint commitment, prayer and dialogue. The Chairman of the Episcopal Commission for Missions, Bishop Jan Piotrowski, not only outlined some of the milestones of the Catholic Church in Poland, but also gave an overview of the current reality of Polish missionaries “ad gentes”, most of whom work in Latin America and the Caribbean, including 26 bishops. (EG) (Agenzia Fides, 1/3/2025)

    Share:

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: HK landmark stamps to go on sale

    Source: Hong Kong Information Services

    Hongkong Post today announced that a new set of definitive stamps and associated philatelic products on the theme of Hong Kong landmarks will be released for sale on March 18.

    This is the fifth set of definitive stamps issued by Hongkong Post since the establishment of the Hong Kong Special Administrative Region.

    The set of 16 definitive stamps introduces famous landmarks in Hong Kong, including the Hong Kong Palace Museum, the International Finance Centre, the Hong Kong-Zhuhai-Macao Bridge and Lai Chi Wo.

    The stamps demonstrate the uniqueness and charm of Hong Kong as an international financial hub and an East-meets-West centre for international cultural exchanges. They also showcase the city’s stunning landscapes and depict its important infrastructure developments and conservation achievements.

    Official first day covers will be on sale at all post offices and ShopThruPost from tomorrow, while postcards will be available at philatelic offices only.

    Stamp booklets will be on sale at all post offices from March 18 to 24, and available at convenience stores and other non-post office outlets from March 24.

    In parallel, the 2014 Hong Kong Definitive Stamps on the theme of the Hong Kong Global Geopark of China will continue to be on sale while stocks last.

    Click here for details.

    MIL OSI Asia Pacific News

  • MIL-OSI: Himax to Unveil Innovative WiseEye™ AIoT Solutions and Revolutionary Liqxtal® LC Optical Applications at embedded world 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, March 03, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and semiconductors, today announced participation in embedded world 2025, a world-leading trade show for embedded electronics and industrial computing, taking place in Nürnberg, Germany, from March 10-12, 2025. At the event, Himax will showcase its innovative WiseEye™ AI technology, featuring a range of AIoT solutions focused on ultralow power AI sensing, biometric authentication, and thermal imaging sensing applications. Additionally, in collaboration with its subsidiary Liqxtal Technology Inc. (“Liqxtal”), Himax will present revolutionary liquid crystal (“LC”) optical applications, advancing industrial embedded displays, vision-assisted systems, and smart wearables.

    Ultralow Power WiseEye AI Driving Next Era of AIoT, Smart Sensing, and Thermal Imaging Sensing
    Himax WiseEye Ultralow Power AI Smart Sensing is a cutting-edge, integrated endpoint AI solution, comprising Himax’s proprietary ultralow power WiseEye AI processors, always-on CMOS image sensors, and CNN-based AI algorithms, ideal for AIoT applications. It has gained widespread acclaim and adoption across biometric authentication, occupancy detection, people flow management, smart home, smart office, and more. Notably, the latest WiseEye2 AI processor is PSA (Platform Security Architecture) certified, featuring a security-by-design approach to provide a secure and reliable foundation for AIoT applications.

    Among the featured showcases, the WiseEye PalmVein Module integrates palm vein and facial recognition, leveraging bimodal authentication technology to meet market demands for flexible access control, ensuring reliable operation across diverse use environments. Traditional fingerprint and facial recognition methods are susceptible to age, fingerprint quality, height, and lighting conditions, leading to identification errors. In contrast, the WiseEye PalmVein solution overcomes these challenges with advanced liveness detection to deliver high-precision authentication. It achieves an exceptionally low False Acceptance Rate (FAR) of one in a million and a False Rejection Rate (FRR) below 1%, significantly reducing the risks of fake attack and unauthorized access.

    At embedded world 2025, Himax, in collaboration with ecosystem partner Calumino, will showcase industry-leading thermal imaging sensing solutions. The solution combines Himax’s ultralow power WiseEye AI processor, WiseEye2, and low-power HM0360 CMOS image sensor with Calumino’s proprietary CMOS and MOMS (Micro-Opto-Mechanical System) technologies and AI algorithms. The integration enables advanced use cases, including people flow detection, people counting, assisted living, predictive maintenance, health monitoring, and security enhancement, all with ultralow power consumption. This advancement brings unprecedented innovation to thermal imaging sensing, unlocking expanded possibilities.

    Innovative Liqxtal LC-based Optical Technology Enhancing Smart Displays and Wearables
    Liqxtal specializes in LC-based optical technology, expanding its expertise to display and optical components. At the event, Himax and Liqxtal will jointly unveil a series of cutting-edge, patented products, namely Liqxtal® Graph, Liqxtal® Dim, and Liqxtal® Pro-Eye.

    Liqxtal® Pro-Eye is an innovative eye-protective display technology that made its debut at CES 2025, receiving widespread acknowledgment among industry leaders and accelerating industry adoption. The next-generation Liqxtal® Pro-Eye display, which will be showcased at embedded world 2025, delivers a 125-inch virtual screen experience at close range or within confined spaces. In vision care, Liqxtal® Pro-Eye helps alleviate digital eye fatigue by reducing ciliary muscle strain, benefiting professionals exposed to prolonged screen use, as well as individuals with presbyopia and myopia. In industrial display solutions, it is redefining personal HMI in embedded applications, making it ideal for manufacturing, aerospace, and defense sectors that require long hours of focused monitoring and operation.

    Liqxtal will also showcase its one-of-a-kind professional smart eyewear collection, featuring the award-winning Liqxtal® Graph and innovative Liqxtal® Dim. The latest Liqxtal® Graph, built on Liqxtal’s patented reflective TFT liquid crystal architecture, supports Bluetooth connectivity and mobile app integration, enabling dynamic digital content display on the outer lens surface of smart glasses without obstructing the user’s vision, while maintaining the same comfort as traditional eyewear. It is ideal for IoT remote monitoring, smart assisted display, and identification management, further enhancing the value of smart wearables. Liqxtal® Dim integrates Liqxtal’s proprietary pixelated light valve control technology powered by WiseEye AI. This advanced system detects the position of incident light sources in real time to achieve adaptive light dimming functionality for smart sunglasses with a response time of under 8 milliseconds. Additionally, it supports programmable light attenuation modes, making it suitable for vision training assistive devices and seamless integration into smart safety eyewear and industrial-grade programmable light regulation systems, enhancing visual safety and assistance.

    Himax and Liqxtal invite all interested parties to visit our embedded world 2025 exhibition booth at Hall 4, Stand 4-503, located at NürnbergMesse, Messezentrum 1, 90471 Nürnberg, Germany. Experience our groundbreaking WiseEye AI technology and Liqxtal optical solutions firsthand. To schedule a meeting or booth tour, please contact Himax at HX_WISEEYE@himax.com.tw or Liqxtal at info@liqxtal.com.tw.

    About Liqxtal Technology Inc.

    Liqxtal Technology Inc. is a Taiwan based company that has been focused on exploring opportunities with liquid crystal (“LC”) beyond just displays since the company’s inception. With a distinguished track record in liquid crystal optics, Liqxtal has developed liquid crystal based optical components such as LC lens for ophthalmic application, LC diffuser for 3D sensing and LC retarder for light sensing. Additionally, Liqxtal designed and released LQ001, a high voltage & tunable frequency LC driver with a 1mm x 2mm footprint, which is particularly ideal for portable products. As a subsidiary of Himax Technologies, Liqxtal also integrates novel display solutions such as tunable backlight with local dimming capability powered by FPGA for niche applications. Lastly, Liqxtal is dedicated to novel vision eyewear technology and strives to innovate and advance useful optical solutions to the world.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,649 patents granted and 402 patents pending approval worldwide as of December 31, 2024.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Liqxtal Contacts:

    Henry Hung, Deputy Director of Market & Sales Division
    Liqxtal Technology Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: info@liqxtal.com

    Himax Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us

    The MIL Network

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for February 2025 of its Virtune Crypto Altcoin Index ETP

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 3rd of March 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm and Nasdaq Helsinki (ISIN code SE0023260716).

    In addition to the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Polygon ETP 
    Virtune Staked Cardano ETP
    Virtune Crypto Top 10 Index ETP

    Index allocation as of 28th of February (before rebalancing):

    Litecoin: 20.23%
    XRP: 14.64%
    Cardano: 14.09%
    Uniswap: 13.44%
    Avalanche: 13.25%
    Chainlink: 12.38%
    Solana: 11.96%

    Index allocation as of 28th of February (after rebalancing):

    XRP: 14.29%
    Litecoin: 14.29%
    Solana: 14.29%
    Chainlink: 14.29%
    Cardano: 14.29%
    Avalanche: 14.29%
    Uniswap: 14.29%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Altcoin Index ETP outcome for February was: -14.98%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Altcoin Index. The purpose of the monthly rebalancing is to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins.

    In February, the crypto market experienced a notable downturn, partly due to major events in the US. Chainlink led the losses with a sharp 41% decline, followed closely by Uniswap (-36.2%) and Solana (-36%). However, Litecoin recorded the smallest decline, falling just 0.23% during the month.

    The performance of the crypto assets included in Virtune Crypto Altcoin Index ETP in February:

    Litecoin: -0.23%
    XRP: -29.3%
    Cardano: -32.7%
    Avalanche: -35%
    Solana: -36%
    Uniswap: -36.2%
    Chainlink: -41%

    Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region. It includes up to 10 leading alternative crypto assets (altcoins), excluding Bitcoin and Ethereum, that are part of the Nasdaq Crypto Index. Each altcoin is equally weighted to promote diversification; this structure allows investors to gain broad exposure to crypto assets beyond Bitcoin and Ethereum without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network

  • MIL-OSI Africa: Wärtsilä Energy Joins Invest in African Energy (IAE) 2025 as Africa Pursues New Power Capacity

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

    PARIS, France, March 3, 2025/APO Group/ —

    Christoffer Ek, Director for Decarbonization Services at Wärtsilä Energy, will join the Invest in African Energy (IAE) Forum 2025 in Paris this May, bringing his expertise in sustainable energy solutions and decarbonization technologies to the forefront of Africa’s energy transition.

    Wärtsilä Energy, a global leader in smart technologies and services for the energy industry, has been at the cutting edge of decarbonizing energy systems through its innovative solutions. The company is dedicated to helping nations and organizations transition towards cleaner, more sustainable energy solutions by focusing on flexible power systems and renewable energy integration. Wärtsilä’s decarbonization strategy emphasizes the role of advanced technologies such as energy storage, hybrid power plants and renewable energy sources to reduce carbon emissions and accelerate the energy transition.

    IAE 2025 (www.Invest-Africa-Energy.com) is an exclusive forum designed to facilitate investment between African energy markets and global investors.Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Wärtsilä has been playing a key role in fueling Africa’s industrial and mining growth through power generation. In Senegal, the company was awarded a contract in September 2024 to supply engines and auxiliary equipment for a 17 MW power plant at the Boto gold mine. The company also renewed and expanded Operations & Maintenance contracts for power plants in Zambia and Madagascar last year, and signed a new maintenance agreement for two power plants in Morocco. In Nigeria, Wärtsilä secured a 10-year deal in May 2024 to operate and maintain a 50 MW captive power plant, ensuring reliable power for a cement production facility in Kogi State.

    At IAE 2025, discussions will focus on how Wärtsilä is supporting Africa’s energy transformation by providing cost-effective and scalable solutions to reduce the carbon footprint of the continent’s power generation systems. Ek’s participation will emphasize Wärtsilä’s commitment to sustainable energy innovation, addressing energy access challenges and driving economic growth in Africa while ensuring environmental responsibility.

    MIL OSI Africa

  • MIL-OSI Africa: African Mining Week 2025 to Highlight Africa’s Gold Market

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

    CAPE TOWN, South Africa, March 3, 2025/APO Group/ —

    Africa’s gold sector continues to be a major driver of foreign investment and revenue generation, with major producers such Ghana generating $5 billion in revenue from the artisanal sector alone in 2024. Amidst the sector’s growing contribution to sustainable development in Africa, countries are strengthening partnerships with global investors to launch new projects and unlock fresh opportunities for industrialization.

    The upcoming African Mining Week (AMW) – Africa’s premier event for the mining industry – will showcase high-potential gold projects, investment opportunities and emerging exploration basins within Africa. With new production facilities set to launch in 2025 and beyond, AMW represents the ideal platform for global investors to connect with African stakeholders and untap the region’s burgeoning prospects.

    Ghana, Africa’s largest gold producer, is bolstering its position with the Cardinal Namdini Mine, operated by Cardinal Resources, slated for commercial production by mid-2025. The mine will produce 358,000 ounces per year, tapping into 5.1 million ounces in reserves over a 15-year lifespan. Newmont is also targeting first production at its Ahafo South Mine in early 2025, with an expected annual output of 325,000 ounces. Meanwhile, Asante Gold Corporation has launched a $525 million expansion strategy to enhance output from the Bibiani and Chirano Mines, further strengthening Ghana’s dominance in the gold sector.

    In Guinea, Predictive Discovery is advancing development of the Bankan Gold Mine, a three-million-ounce project expected to begin production in early 2027, with an annual output of 269,000 ounces over 12 years. Meanwhile, Robex anticipates to commence gold production at the Kiniero Mine in 2025, contributing 139,000 ounces to Guinea’s growing production portfolio.

    Mali, Africa’s third-largest gold producer, is set for expansion with Resolute Mining’s Syama Phase 2 Expansion Project, which will boost production to 400,000 ounces per annum once commissioned in the second half of 2025. In Burkina Faso, West African Resources is set to commence production at the Kiaka Gold Mine in Q3 2025, targeting 258,000 ounces per year over a 19-year lifespan, while Orezone Gold’s Bomboré Gold Mine is set to contribute significantly to the country’s growing mining industry.

    As Africa accelerates gold production and strengthens its value chain, AMW will feature high-level panel discussions, project showcases and strategic investment forums, offering global investors an exclusive opportunity to engage with key industry stakeholders and capitalize on Africa’s booming gold sector.

    MIL OSI Africa

  • MIL-OSI Russia: Financial News: Citizens May Establish Self-Ban on Loans

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Since March 1, a person can voluntarily refuse the opportunity to enter into credit or loan agreements through State Services and thus protect themselves from a situation where fraudsters issue a loan in their name.

    To “turn on” the mechanism, you will need to record a special ban in your credit history. Self-ban may vary: by type of creditor (bank or microfinance organization), by method of applying for a loan or credit (in the office and remotely or only remotely).

    A person will be able to cancel the self-prohibition if they really want to get a loan or credit. To do this, they need to submit an application through Gosuslugi, which will have to be certified with an enhanced electronic signature (it can be issued for free in the Gosklyuch application) – this is additional protection against fraudsters. The ban will be lifted one day after the relevant information is entered into the citizen’s credit history. Such a cooling-off period will help people make a more informed decision about the need to get a loan or credit.

    Before issuing consumer loans and credits, banks and microfinance organizations will have to check whether the borrower’s credit history contains information about self-prohibition. If a prohibition is established, the lender must refuse to issue a loan. If, despite the established prohibition, the lender concludes an agreement, he will not be able to demand that the borrower fulfill his obligations under the loan.

    The same service will later be available through the MFC – they must implement the possibility of self-prohibition by September 1, 2025, by which time they need to prepare their systems and employees to accept applications without interruption.

    Read more about the self-prohibition mechanism aton the website of the Bank of Russia.

    Preview photo: StockerThings / Shutterstock / Fotodom

    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 = 23423

    MIL OSI Russia News

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 9

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 10 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    03/03/2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 9

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 9:

      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 50,000 233.7298 11,686,490
    24/02/2025 5,000 235.6691 1,178,346
    25/02/2025 5,000 236.7242 1,183,621
    26/02/2025 5,000 241.9445 1,209,723
    27/02/2025 5,000 243.3454 1,216,727
    28/02/2025 5,000 241.1500 1,205,750
    Total accumulated over week 9 25,000 239.7666 5,994,166
    Total accumulated during the share buyback programme 75,000 235.7421 17,680,656

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.009% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network

  • MIL-OSI: Shiprock Capital announces new Chief Operating Officer

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 03, 2025 (GLOBE NEWSWIRE) — Shiprock Capital Management Limited (“Shiprock”), a London-based investment management firm focused on Global Distressed and Special Situations, has announced that Gavinish Sangha has joined as Chief Operating Officer.

    Gav has over 17 years of experience spanning fund accounting, corporate accounting, operations, and treasury management; he joins Shiprock from Fidera Group, where he was Finance Director. He holds an MsC in Financial Risk Management from Birkbeck College, University of London, a BSC in Mathematical Sciences from the University of Birmingham and is a fellow of the Chartered Institute of Management Accountants.

    Frederick Schroder, CEO at Shiprock, said, “We are delighted that Gav is joining us; he has extensive credit experience both in developed and emerging markets across the liquidity spectrum and will be central to our ongoing institutionalisation of the firm.”

    Gavinish Sangha, COO at Shiprock, added, “I am very glad to be joining Shiprock, which has combined best-in-class operational infrastructure and performance with exceptional pedigree. I look forward to contributing to Shiprock’s continued success.”

    About Shiprock:

    Shiprock Capital Management is a London-based investment management firm focused on Global Distressed and Special Situations. Founded at the beginning of 2023, it is one of the fastest-growing managers in the space.

    Contact:

    info@shiprock.co.uk

    The MIL Network

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 75th Anniversary celebrations of KPB Hinduja College in Mumbai (Excerpts)

    Source: Government of India (2)

    Posted On: 01 MAR 2025 8:12PM by PIB Delhi

    Very good afternoon all of you, Hon’ble Governor, Shri C.P. Radhakrishnan ji, Shri Ashok P. Hinduja ji, Chairman, the Hinduja Foundation. Ashok ji, what you reflected, express your sentiments, there can be many caveats, I am not as good as you indicated. You set a very high benchmark for me.

    We have two very distinguished members of Parliament. Praful Patel has been in Parliament since 1991, Lok Sabha and Rajya Sabha. A former Union Minister, one of the seniormost politicians of the country, has been instrumental with football association and is very good at scoring political goals.

    And another caveat that can come for me, Milind Deora. His father, Murali Deora ji, hand held me. A lovable politician for the entire nation, particularly for Mumbai.

    Milind is very promising and knows when to make the right move. I am talking about those who can give caveats. We have amongst us Honourable Minister, Mangal Prabhat Lodha. He is suave, polite, persuasive and for a man like me, if a person is gifted with three qualities, there is everything to worry about. Because you can’t anticipate, so there can be a legitimate caveat. And on top of it, if I am staggering a little, it is on account of presence of my son- in-law, Karthikeya Vajpayee.

    But the good relief is that Karthikeya is in the sound company of Soman Satya and therefore will not be in that mode at the moment. But Ashokji, you rightly focused on something which is very fundamental and a contemporaneous need. And something which is part of our civilisation ethos and essence.

    We must remain well grounded and rooted to Sanatan. And Sanatan has to be part of our culture, our education. Because Sanatan stands for inclusivity. Sanatan offers solutions to the most intractable problems the global challenges indicate. I therefore appreciate it and the endorsement by the Honourable Governor immediately is vindication of your stand. Smt Harsha Hinduja ji well I have got formidable challenge from my wife, but I take some solace. Ashok ji is facing equally strong challenge. Shri Paula Brown, President of the Hinduja Foundation is a copy book person. It doesn’t deviate from what is requirement for the college. While traversing journey of the college, she unfolded future programmes. Smt. Chandrakala Joshi, Principal, Hinduja College. When I looked at the faculty, the very distinguished faculty, I found she has to be little fair to my gender. There were more women in the faculty than men. To be on her right side, I quickly looked a Praful Patel and then extended an invite to her that the faculty will be my guest for visit to the new building of Parliament, and I’ll have the occasion to have lunch with them along with Shri Praful Patel and Shri Milind Deora.

    Bombay is a place which gave to the country a principle of quid pro quo. And I so recall because I happen to be a politician who went to Parliament in 1989 and was a Minister in 1990. But a small explanation. This is not quid pro quo.

    Distinguished members of the faculty, I must recognise the presence of some whom I know but everyone present here is a distinguished person. I convey my respects. Shri Neeraj Bajaj, Shri Amarlal Hinduja Ji, Dr. Rajesh Joshi and Shri Rupani, I have had some connect with them in one form or the other. I am particularly here for young boys and girls, and let me tell you boys and girls first, there are no backbenchers. There are only backbenches.

    And let me tell you at the outset, all my life I happen to be a gold medalist, and that was never a good idea. I suffered a traumatic obsession what will happen if I don’t come to number one? It was too late in the life I learnt, Heavens have never fallen so far. Why fear them? It is good to be in the first top ten. So never have tension, never have stress. 

    India today is envy of the world for the reason that it has your dividend, dividend of the youth. This demographic dividend is your possession, your repository. Undoubtedly you are the important stakeholders in democracy and governance. And therefore I am happy to announce here that Indian Council of World Affairs of which I happen to be the President, will have an MOU with your organisation.

     

    MOU will fructify in next two months. And I tell you the reason for the delay. We are awaiting a new Director. We are looking for a good person that will give you an exposure to global events. And there will be footprint of global personalities here. Around the time Ashok Hinduja celebrates his 75th birthday, So does the Institution. The milestone is glorious both for the individual and the Institution. By the way he doesn’t look that old, but this is an occasion also of stocktaking, reflection and planning for way forward. Planning in our times is very challenging. Because we have challenged times on account of onslaught of disruptive technologies. A kind of Industrial revolution. A new era is being heralded virtually every moment. Those of the diplomats who are present here and bring on the table experience and exposure of their own countries will bear me out. And therefore the Institute will have to focus way-forward strategy. It is soothing to note it has quite a mark at the national level.

    It will be a deemed University but time for it to set the tone to become a Global Institute of excellence. It was indicated a while ago. Learning! I keep on telling boys and girls, शिक्षान्त कभी नहीं होती, दीक्षांत होता है।

    Learning never stops. Even after you leave the institute you have to learn every day, and this principle was first put in public domain in pre-Socrates era by a great philosopher Heraclitus. And he was a great philosopher. He was a great philosopher. He was a great philosopher. And Heraclitus reflecting on change said the only constant in life is the change. He buttressed it by an illustration. The same person cannot enter the same river twice because neither the person is the same nor the river is the same. So boys and girls keep on learning, and what your computer tells you keep on self-learning also.

    Because you are your best teacher. Take this institute for instance. It was seeded by Shri Paramchand Hinduja ji. It was a Sindhi teaching school to begin with. And look at that sapling, the shape it has taken now. It is fructifying aspirations of 6000 students.

    Which means a small beginning yields great results. When in 1969 on 20th July, incidentally 20th July happens to be birthday of my wife. Another coincidence it was on that day in 2019, President of India signed my warrant appointing me Governor of the state of West Bengal, but let me invite attention to what Neil Armstrong said. He said small step for me, big leap for mankind.

    What was done to begin with will turn out undoubtedly according to me one of the best institutions in the world. It has vast pool of alumni across sectors. Now this has enormous potential. This potential can reflect in several ways.

    Time to harness it. An initiative can emanate from here, blessed by Hinduja Foundation. For emergence of a confederation of alumni associations. We have alumni associations but I am referring to confederation. This will go a long way in contributing sectoral policy evolution of the government. Just imagine if there are confederations of IIT alumni associations, IIM alumni associations, an association of the kind that your college represents. This confederation can go a long way. Such convergence of talent is a valuable pool for government. It can enlighten the government on policy pathways.

     

    Hinduja Foundation is well enabled to catalyse alumni confederation culture across institutions in the country. While I appreciate great job that is being done by the faculty, it is a satisfied faculty that makes for the institution. Institution is defined by the infrastructure because that is the basic need, but an institution is recognised by the faculty it has. I am so happy and delighted to see the faculty is committed and vibrant, but then institutions have blossomed beyond faculty and infrastructure.

    It is there in that I express a deep sense of gratitude to Hinduja Foundation and members of the family for sustaining this institution through continuous philanthropy. Ladies and gentlemen, Hinduja group has been at the centre of India’s growth story. The Hinduja group is multinational, multi-sector, conglomerate with pronounced social and cultural footprints.

    Group’s deep interest in education philanthropy and sublime commitment to Bharatiya culture are commendable. It was a pleasant revelation to me when I was laying foundation stone of a building in Bharatiya Vidya Bhavan in New Delhi. I gathered that the Hinduja group helped establish the first overseas branch of Vidya Bhavan in New York.

    A great step. The leaders of the group have realised the need to bridge East and West divide and why it is essential. Because there has to be portrayal of the orient in authentic way. Because there are challenges emanating from the West and from that perspective the group is working in that direction.

    One instance I can share with the distinguished audience. Establishment of Dharam Hinduja Indic Research Centre at Columbia University is a very desirable move. We look forward, Ashokji, for more such steps in this direction. Friends, I need to reflect on some concerning aspects for larger good. Sharing our concern is always good because then we can address the problem. Philanthropic endeavours should not be driven by philosophy of commodification and commercialisation. Our health and education sectors are being plagued by these.

    The group in this context offers emulative instance by confining philanthropy much away from commerce. The group is wedded to the concept of giving back to the society. I urge everyone so involved to nurture this culture. Many in the audience will bear me out that endowments of some of the Universities in the US is in billions of dollars.

    What is there in this country that we do not have this culture? In the West, anyone working out of an institute stands committed to make some fiscal contribution. Quantum is never important. I would urge our corporates to think in that direction.

     

    Friends, according to me, education is the most impactful transformative mechanism because it brings about equality. It cuts into inequities. It affords level playing field. It creates genius by discovering the genius through the path of education. Our framers of the Constitution were very wise men. They put education in the concurrent list.

    Those of you who are not lawyers, concurrent list means it is a joint concern of the State and the Union. I would appeal from this platform, a platform where I have witnessed that by way of philanthropy, it is giving back to the society. It is concurrent responsibility between the government and the private sector.

    Those in industry, trade, business and commerce must come forward and take initiatives. I appeal the country’s private sector to rise to this occasion and accord highest priority to education. My friend Praful Patel is doing it in his own way.

    I await an invitation to his contribution in this sector. India at the moment is in economic upsurge. We have phenomenal infrastructural growth, deep digitisation, technological penetration because people of this country have tasted in last decade, fruits of development.

    People centric policies have been highly rewarding. This has converted the nation as the most aspirational nation in the world at the moment and therefore education gets primacy.

    Quality education is a gift and we in the country, must work towards educational excellence. We have seen and you noticed by way of Start-ups, Unicorns and otherwise, our industries are evolving. Corporate leaders should view investment in education, not a charity.

    Beyond philanthropy, it is investment in our present, investment in our future and to put it straight away, it is investment for development of the industry, business and trade. And therefore all efforts must be taken that these investments take quantum leap.

    Look at our country. If our GDP at one point of time was one third of the world or more, it was premised on what count? We had glorified Institutions– Udantpuri, Takshashila, Vikramshila, Sompura, Nalanda, Vallabhi. The world frowned. Scholars came from every nook and corner of the globe to get knowledge and give knowledge and share knowledge.

    Thirst of knowledge was satisfied. But then what happened about 1200 years ago? Nalanda, ancient India’s intellectual jewel, it housed 10,000 students and 2,000 teachers. Nine-storied building.

    And what happened? 1193, Bakhtiyar Khilji, reckless destroyer of our culture, our academic Institution. The premises were set to fire. For months, fire consumed vast libraries, turning hundreds and thousands of irreplaceable manuscripts on Mathematics, Medicine and Philosophy to ash.This vandalised devastation wasn’t merely architectural but represented the systematic erasion of centuries of knowledge, and that makes Ashok ji your observation relevant. We must make our people aware about Sanatan values.

    Ladies and gentlemen, what vanished in those flames was the living record of ancient Indian thought, creating an intellectual void that continues to echo through history as one of this civilisation’s most profound cultural losses. Just look around which country can take pride in 5,000 years of civilisation ethos. No one comes close to us.

    And now, fortunately, in this century, we have re-arrived at the global stage. We need to reclaim that glory. We are on way. We have to take a holistic view of education in this country. I call upon leaders, Parliamentarians and thought leaders present here. We have to monetise every moment of this century.

    We cannot afford to fall victim or prey to narratives that emanate from sources that are inimical to the very existence of Bharat. We have to work to revive institutions like Nalanda, our intellectual legacy, and this is essential for realising goal of Viksit Bharat at 2047.

    Friends, the entire world knows today India is no longer a nation with potential. Viksit Bharat is not a dream. It is a certain definitive destination, and it may be fast-tracked much before 2047 if we bestow intelligent attention to education. We have a litany of IITs, IIMs across India’s academic landscape. But right now, if you look around, many niche areas, our Institutional footprint is either fragile, thin or not at all there.

    Now, when we are faced with such a situation, it is fundamentally required that we diagnose the issue. A resolution cannot emanate unless we know the ground reality. These are the areas where we can take lead in the world.

    It is for the first time, I think, in last several decades, that India is in single-digit number of countries that are focussing on Quantum computing, green hydrogen, Artificial Intelligence, and even commercial exploitation of 6G technology, but then, we need skilled men force.

    Our young boys and girls are still in the same silo or groove of government jobs. My young friends, boys and girls, if International Monetary Fund accolades Bharat as a favourite destination of investment and opportunity, it is not on account of government jobs.

    If World Bank hails us with the digitisation that has happened in this country, penetration of opportunity to the last village in six years is otherwise not accomplishable in four decades, and therefore, please be aware of the opportunity basket that is ever getting enlarged for you.

    Whether it is Blue economy, Space economy, whether you are on the sea surface, deep sea, ground, sky or space, opportunities for our youth and corporates are ever enlarging. But then, Institutions like yours have to be crucibles of change. You have to focus very deeply on research.

    I must share with you one concern. Research is not for the shelf. Research is not supposed to be on the shelf. Research is not an assimilation of cut and paste. Research is not surface scratching. Research has to correlate to the ground transformative mechanisms. And therefore, everyone involved with research, we must be having stringent standards to assess our research. This country has a great potential. Government is only one facet.

    If we go much beyond the government and give ideas to the people, in any field, results will be geometric. Ashok ji, I’m making an appeal to you now. Through you, I’m making an appeal to everyone who is possessed of wealth, possessed of wisdom, and keenly devoted to serving the society by giving it back.

    Please, let us have green field institutions in these areas for new and emerging technologies. There must be centres of research. And I can share with you, distinguished audience, and my two very distinguished Parliamentarian friends will bear me out and the Honourable Minister would also know of it. The governmental policies are going a long way in promoting contribution in these areas. Long way. Only a team has to be constituted by leaders in industry, trade, commerce and business to exploit the fullest potential of these areas.

    I have for a long time held an idea dear to me if the corporates come together our organisations like FICCI, CII, ASSOCHAM, PHD and various other chambers. If they pool their CSR, we can have every year Institutes of Excellence springing up in various parts of the country. If the modest target is set for four in a year, the Govt has only land to make available. Rest, I am sure you will bear me out.

    Rest I am sure you will give me out Industries while capable when it comes to creating infrastructure of securing even faculty. Faculty is best attracted through the industry because then there is an assurance of stability. so these kind of Ideas must be there.

    Another issue which we are facing in the countries, we have Institutes of Excellence But the variation is taking place only on the account of faculty, there is no infrastructural variation. faculty mobility you have to think about it. Presently, the system is such that a systemic change is required But the foundation stature of Hinduja foundation  can catalyse the big movement in this area  and therefore faculty members from  one place to another can navigate. There can be a group to look after them that will go a long way.

    Technology has to be used in particular to change the rural landscape of rural education, that is foundational and to bring that about we have to use Technology. The country at the moment has 400 aspirational blocks. If corporates adopt blocks then what they will get.  in every village you will find land for the school, enough infrastructure even teachers are well paid as compared to the private. What is lacking is motivation and greasing. So that engine of education can fire on all cylinders. The corporates converge on this idea to adopt aspirational blocks and that I can assure you will be a gamechanger. This will reflect public private partnership in sublimity and making lives of India much better.

    Friends, as we commemorate 75 years of KPB Hinduja college, Let us celebrate the rich legacy. Let us pay our tributes to the legendary figure who had this vision and nurture it to the next level. Let us leverage every resource to make it a global benchmark. with the collective efforts of faculty, students,  alumni and stakeholders, I have no doubt that this college will scale greater heights in the years to come as deemed University.

    I extend my heartfelt congratulations to KPB Hinduja College, Hinduja Foundation and Hinduja Family on this remarkable milestone.  May the next 75 years be even more glorious, filled with new achievements, milestones, and contributions to society.

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    JK/RC/SM

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  • MIL-OSI Asia-Pac: Philanthropic endeavour should not be driven by philosophy of commodification and commercialisation, emphasises the Vice-President

    Source: Government of India (2)

    Philanthropic endeavour should not be driven by philosophy of commodification and commercialisation, emphasises the Vice-President

    Education is the concurrent responsibility of the government and the private sector-VP

    Destruction of Nalanda by Khilji wasn’t merely architectural, but represented the systemic erasure of centuries of knowledge-VP

    VP addresses 75th Anniversary Celebration of KPB Hinduja College in Mumbai

    Posted On: 01 MAR 2025 8:02PM by PIB Delhi

    The Vice-President, Shri Jagdeep Dhankhar today stated that, “ Philanthropic endeavour should not be driven by philosophy of commodification and commercialisation. Our health and education sectors are being plagued by these……..Corporate leaders should view investment in education beyond philanthropy. It is investment in our present, investment in our future and to put it straightway, it is investment for development of industry, business and trade”.

    Delivering his address as Chief guest at the ceremony marking 75 years of K.P.B Hinduja College of Commerce in Mumbai, Maharashtra today , Shri Dhankhar stated,  “ Education is the most impactful, transformative mechanism because it brings about equality. It cuts into inequities, it affords level playing field. It creates genius by discovering the genius through the path of education. Our framers of the Constitution were very wise men. They put education in the concurrent list. Those of you who are not lawyers, by concurrent list means it is a joint concern of the state and the union”.

    Urging the industry and corporate leaders to contribute to education, Shri Dhankhar stated, “ I would appeal from this platform, a platform where I have witnessed that by way of philanthropy, it is giving back to the society. It is concurrent responsibility of the government and the private sector. Those in industry, trade, business and commerce must come forward and take initiative. I appeal the country’s private sector to rise to this occasion and accord the highest priority to education”.

    “Many in the audience will bear me out that endowments of some of the universities in the US are in billions of dollars. What is there in this country that we do not have this culture? In the West, anyone walking out of an institute stands committed to make some fiscal contribution. Quantum is never important”, he added.

    Reflecting on the legacy of institutions like Nalanda, Shri Dhankhar underlined, “We had glorified institutions, Odantapuri, Takshila, Vikramshila, Somapura, Nalanda, Vallabhi…..scholars came from every nook and corner of the globe to get knowledge, give knowledge and share knowledge. Thirst of knowledge was satisfied. But then what happened about twelve hundred years ago! Nalanda, ancient India’s intellectual jewel. It housed ten thousand students and two thousand teachers, nine-storey building and what happened, 1193? Bakhtiyar Khilji, reckless destroyer of our culture, our academic institution, the premises were set to fire. For months, fire consumed vast libraries, turning hundreds and thousands of irreplaceable manuscripts on mathematics, medicine, and philosophy to ash. This vandalized devastation wasn’t merely architectural, but represented the systemic erasure of centuries of knowledge”.

    Dr. Sudesh Dhankhar, spouse of the Vice-President, Shri C.P. Radhakrishnan, Governor of Maharashtra, Shri Ashok P. Hinduja, Chairman of Hinduja Group and other dignitaries were also present on the occasion.

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    JK/RC/SM

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  • MIL-OSI Asia-Pac: Union Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry’s role in India’s growth at AMFI Summit 2025

    Source: Government of India (2)

    Union Minister of Commerce & Industry Shri Piyush Goyal emphasises mutual funds industry’s role in India’s growth at AMFI Summit 2025

    Shri Goyal urges industry to safeguard small investors and minimise market volatility

    Domestic investors will shape India’s future, not Foreign Institutional Investors: Shri Goyal

    Posted On: 01 MAR 2025 8:12PM by PIB Delhi

    The mutual funds industry has played a pivotal role in India’s growth story by encouraging financial literacy and taking innovative financial ideas to the industry and the investors. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal during his address as a Chief Guest at the Association of Mutual Funds in India (AMFI) Mutual Fund Summit 2025 today in Mumbai

    The Minister further complimented the domestic investors for filling the gap created by the foreign institutional investors (FIIs) post-Covid. “Collective investment methods like SIPs along with domestic investors supported the market. They helped in spreading financial awareness and financial products to every part of the country, he said.

    Highlighting the importance of safeguarding the importance of small investors and other key stakeholders, Shri Goyal urged the industry leaders to reflect on ways to minimise volatility in the stock market. Large fund inflows, compulsions of the market to deploy capital, fear among investors on missing out on attractive stocks brought crises among investors during rightsizing. There has been a lot of misinformation flow about the unending ability of the market to go on a one-way street, he noted, and described the unpredictability of the stock market as a wakeup call for the industry and its small investors. 

    AMFI should also become conscious of its duties by isolating misguided investors from the rest. Companies with mettle have maintained reasonable prices at the stock market during recent turbulence, he noted. He said that duties and responsibilities of the industry towards the market are larger than the profitable returns investors enjoy in the short term. He also added that government spending and private capex are showing signs of comeback.  

    Elaborating on the responsibilities of the mutual funds industry towards its investors, the Minister urged the participants to be more diligent in cautioning investors from taking risks. He hoped that initiatives as such will spur India’s growth story for the next 22 years. Shri Goyal urged the industry to support and handhold investors, look at financial inclusion as a collective responsibility and take up financial education as its duty.

    Shri Goyal asserted that assets under management (AUM) in the mutual funds industry at nearly Rs 70 lakh crore and soon to be Rs 100 lakh crore will dominate the market and domestic investors will determine India’s future not the foreign institutional investors. He also highlighted the need for the industry as wealth creators to have a fair and organised market.

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    Abhishek Dayal/Abhijith Narayanan/Asmitabha Manna

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  • MIL-OSI Asia-Pac: 49th Civil Accounts Day celebrated to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) in New Delhi

    Source: Government of India

    49th Civil Accounts Day celebrated to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) in New Delhi

    In a journey from departmentalisation to digitalisation, ICAS has brought a silent revolution through Public Financial Management System (PFMS): Union Finance Minister Smt. Nirmala Sitharaman

    Expenditure Secretary Dr. Manoj Govil emphasises need of harmonisation of Union and State Accounts including Urban, Rural and Local Bodies

    CGA Shri Shyam Dubey outlined CGA’s demonstrated robustness, especially during the COVID-19 pandemic, transferring over Rs. 22.85 lakh crore, including DBT schemes

    PFMS acts as a critical digital infrastructure to enable transactions between different economic entities efficiently and transparently: Dr. Panagariya

    Posted On: 01 MAR 2025 6:29PM by PIB Delhi

    The Civil Accounts Day 2025 was celebrated in New Delhi today to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) with the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presiding over as Chief Guest.

    Dr. Manoj Govil, Secretary, Department of Expenditure, Ministry of Finance; and Shri Shyam S. Dubey, Controller General of Accounts (CGA), were also present on the occasion. Officers and staff of the Indian Civil Accounts Organisation, Financial Advisers of Government of India, other Senior Officials of Department of Expenditure and other Ministries /Departments of Government of India, retired ICAS Officers, senior officers from Banks and State Governments, among others, were also part of the celebrations.

    During the inaugural function, the Union Finance Minister also released a compendium on the Public Financial Management System (PFMS), titled “Digitalisation of Public Financial Management in India: The Transformative Decade (2014-24)”.

     

    During the Foundation Day, a short film on the evolution and achievements of the Indian Civil Accounts Organisation (ICAO) was also screened.

    In her address on the occasion, the Union Finance Minister recognised the role played by PFMS in achieving the key goals of governance which included: reaching the last mile benefitting 60 crore beneficiaries, direct delivery of more than 1200 central and state schemes which includes 1100 DBT schemes, end-to-end digitization through integration with 250 plus external systems such as GeM, GSTIN, TIN 2.0, PM Kisan and many more.

    Smt. Sitharaman said that PFMS has led to strengthening of cooperative federalism through integration of 31 state treasuries and 40 lakh programme implementing agencies enabling seamless financial management for millions of citizens ensuring timely and transparent disbursement of government funds.

    The Union Finance Minister underlined PFMS as the network of networks with 650 financial institutions – RBI, NPCI, Public and Private sector banks – facilitating seamless fund transfers, with the volume of PFMS transactions has gone up exponentially from 2 crore payments in 2015 to 250 crore in 2024.

     

    Referencing the July 2024 Union Budget, Smt. Sitharaman underlined the suggestion with respect to “improving data governance, collection, processing and management of data and statistics, different sectoral databases, including those established under the Digital India mission, could be utilized with active use of technology tools”, and added that CGA has the potential to work in this regard as the custodian of huge database. The Union Finance Minister emphasised on sharing India’s digital public finance expertise globally, and urged the CGA to collaborate with other countries to leverage PFMS’s technology to enhance their financial governance systems. Smt. Sitharaman also encouraged CGA to make efforts to create public awareness among citizens and taxpayers on how transparent financial systems operate.

    In his address on the occasion, Dr. Manoj Govil recognised the efforts made by CGA and the team of officers towards timely laying of annual accounts, digitisation of accounts and timely discharge of payments and various achievements of PFMS bringing in efficient Public Financial Management. Dr. Govil emphasised on the need of harmonisation of Union and State Accounts including the Urban, Rural and Local Bodies so as to facilitate better financial reporting.

     

    Earlier, in his welcome address, Shri Shyam S. Dubey gave details of the achievements of the organisation during the year in the area of accounts, Public Financial Management and capacity building. Shri Dubey outlined the organisation’s demonstrated robustness during the COVID-19 pandemic, transferring over Rs. 22.85 lakh crore, including DBT schemes.

    Shri Dubey further informed the gathering of the recently developed functionality of electronic utilisation certificate (e-UC) and e-Asset module of PFMS-SAMPATI, enabling digital recording, tracking and management of capital physical assets as mandated by the FRBM Act.

    The inaugural session was followed by keynote address by Dr. Arvind Panagariya, Chairman, 16thFinance Commission, on “India in the Global Economy: The Next Decade.”

    Calling PFMS as “incredible”, Dr. Panagariya stated that PFMS acts as a critical digital infrastructure to enable transactions between different economic entities efficiently and transparently. Dr. Panagariya stated that UPI & PFMS should be part of India’s international diplomatic outreach and global relationship, and called for greater integration of PFMS with the State Governments and Urban and Rural Local Bodies.

    Despite the periodic global and domestic economic crises, Dr. Panagariya stated that the factual data of economic growth of the last two decades, starting from 2003-2004, shows the plausibility and the feasibility of the growth potential of the Indian economy in the coming decade being able to reach the 10 trillion dollar GDP mark, as well as the 2047 target of “Viksit Bharat” set by the Prime Minister, Shri Narendra Modi.

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    NB/KMN

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