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Category: Business

  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at Concluding Ceremony of International Festival on Indian Dance, New Delhi (Excepts)

    Source: Government of India (2)

    Posted On: 22 OCT 2024 2:07PM by PIB Delhi

    Coming here on this occasion, I get a feeling of sublimity. It is the essence of human life; it is a heavenly feeling. I am grateful to the Honourable Culture Minister, Gajendra Singh Shekhawat for having made available such an opportunity to me to know about what has been transacted during the last six days. One assurance I can hold out, Gajendra Singh Shekhawat is a game changer.

    He gets into his job with passion, mission and he is good at execution. I have seen the positive impact of his ministry when I was in Meghalaya last week. He has not been in the saddle for long but this gives as an indication of the shape of things to come and from every perspective. Bharat home to one-sixth to humanity, this aspect is more important than anything else.

    We have a global identity nurtured over centuries and the most inalienable facet, emotive facet, rich facet is our cultural identity.

    The presence of a very distinguished parliamentarian, an actor of reckoning, but her identity globally is only by her great commitment to dance. I am referring to Hon’ble Member of Parliament Hema Malini Ji.

    Her presence is electrifying because while she has been in various roles, in films and otherwise, her heart, soul and mind have always been in sync when it comes to dance. And dance, I can say, is her everlasting and first love.

    Dr. Padma Subramaniam, people look for civilian awards and to be honoured with the second-highest civilian award of this nation and that too in this great field, your presence means a lot to us.

    Dr. Sandhya Purecha, she is deep into it, you must have heard her. She is committed to it. This is the second time I am attending her function and I am sure things will always be on an incremental trajectory.

    My greetings and salutations to those celebrities, dignitaries who are of the dais. They represent our cultural wealth. They are premium ambassadors of this nation within and outside.

    Friends, nothing can be more delightful than to celebrate human expressions through art forms and the six days of deliberations. Mind-scratching, I am told by the Hon’ble Minister, have been extremely fruitful.

    All awardees, civilian or otherwise, converged at one place to analyze and address issues so that our culture is nurtured, it is blossomed, and it makes our identity globally more important. I have no doubt the deliberations will go a long way in shaping further course of action. And it is also an occasion to look to those who are committed to dance music, but are in suffering of some kind. We need to handhold them. We need to create a new interest in them.

    I know sometimes it is so vital to provide fiscal assistance because they are so deep into their art and culture, dance and music, they forget about it. I’m sure this will be looked into.

    I am sure the Honourable Minister would generate a mechanism that all stakeholders for dance and music or culture as a whole come on the same page. They work in tandem and togetherness to generate an ecosystem where our artists in these domains feel comfortable financially and otherwise. And we manage to see an explosion of real talent that lies in villages Tier 2 and Tier 3 cities.

    I am told that over 200 artists and scholars from 16 plus nations have performed various Indian dance forms and shared insights. The Utkarsh performance featuring 300 tribal performers was acclaimed by the President of India. I commend the organisers for this event. I must make by way of transgression, a brief reference, to an extremely talented chief minister, Mr. Sangma of Meghalaya. When I was there, at Raj Bhavan, all the tribes of Meghalaya performed, all of them. They performed one after the other. They performed in unison. They performed in harmony. And this reflected that house over maybe the divisiveness, the unity brought about by culture, by dance and music is impregnable. It is lasting. It is soothing. It is a seamless connection of the heart and soul of the people.

    Dance and Music are natural connecting modes. They bring about a friendship beyond language or other barriers.

    Bharat means a gold mine of fine arts. The world recognises it, we feel it. This festival testifies to dance’s universal appeal, featuring global artists with unique perspectives. It underscores that Indian art educates, uplifts and inspires offering a model of inclusivity in a divided world.

    The greatest challenge the planet faces today is lack of inclusivity. Lack of inclusivity in thought, in politics, in economic development. India has emerged as a global beacon of inclusive growth. A growth that is benefiting by good governance, Affirmative policies, the most vulnerable, the marginalized, the weakest, and that has given the nation a mood of hope and possibility, something that was lacking a few years back. In a world grappling with conflicts and transgressions, discord, there is ray of light. When the tunnel is of transgressions, conflagrations, we find light of dance and music that unites people across cultural barriers.

    Culture, dance, and music are universal languages of mankind. They are understood all over.

    as you mean without having to take recourse to the language or dialect that is specific to individuals.

    Performing arts have the power to unite, power to heal, power to inspire, power to motivate. Dance artists are cultural and peace ambassadors. They promote dialogue. They promote discussion. They lay great ground for soothing diplomatic maneuvers.

    Distinguish audience, our civilization has always valued various forms of expression. I am taking it in a wider connotation, our civilisation depth is always to lend your ears to the other point of view, never be dismissive about it. There will be occasions when you will find on introspection that the other point of view is the correct point of view.

    Dance is considered divine as described in Bharat Muni’s Natya Shastra and when you feel divinity, when you experience sublimity, when you rise about heart and mind, or in conversation with your soul, then you realise the existence of pure life. It gives a different meaning altogether, generating peace and harmony all around.

    When we look into our historical perspectives, ancient Indian centres like Patliputra, Puri, and Ujjain fostered dance forms. India shared its message of peace and unity through Vasudhaiva Kutumbakam, through scriptures and art forms globally.

    Let me reflect, our culture was a feast during our G20 presidency. 200 hundred locations in this great country when we had G20 presence. every state of the Union, every Union territory and therein you found something very great. The state government, the Union territory administration and the central government were on the same page as never before and that was a grandiose success.

    Indian dances have been performed worldwide for millennia, including Chinese and Greek courts. The Ramayana spread to Southeast Asia is visible at Angkor Wat in Cambodia. On my first maiden visit outside this country, as Vice President, I went to Cambodia to attend an ASEAN meeting. When I went to Angkor Wat, unbelievable! You look at what has been carved out in stone. As if everything was speaking. Amazing and believable! One has to see to believe. I saw it myself. This can turn out to be a great facet of cultural diplomacy and art does not define dominance. Art defines integration. Culture, music, art, they unite. They never dominate. 

    Bharat is a living civilization with geniuses like Tansen, Tagore, Purandar Drasa and Swami Haridas. But there was a time in our history, 400, 500 years back, where music was discarded by the then rulers. Our most precious treasure was antithetical to their values.

    We suffered that kind of repression. But our belief throughout has been that in every part of this great land, those who nurtured, blossomed furthered because of dance music were held in high esteem. And I’m so happy and delighted that in the last 10 years, the recognition extended to eminent, deserving personalities from this domain is very commendable and soothing.

    This will help come over challenges of day to day life. They will help us to nurture our indomitable spirit.

    Post-Independence, our founding fathers mandated the preservation of cultural heritage in the Constitution. It is reflected in the directive principles of state policy.

    India is rising. The rise is exponential. The economic upsurge is stunning. The world organizations are echoing in us. We are moving towards a destination which people of my generation never dreamt of. What we have today was not thought of even a decade ago. In that situation, it is our bounden duty. It is ordainment of our civilization that our art and heritage are made to shine as symbols of identity and influence. There must be our cutting edge when we deal with people to people contact. UNESCO recognizes eight Indian dance forms as intangible cultural heritage, including Kalbeliya, Garba and Chow. I don’t subscribe to this. We have many more. They are calibrating from their perspective. We must go much beyond that.

    Yoga’s global recognition, marked by International Yoga Day, reflects India’s role in promoting wellbeing. A thought occurred to the Prime Minister. The thought was put on the global platform. In the shortest time, the largest number of nations converged, and what we see now, yoga is doting every part of the globe that gets sunshine.

    Indian wisdom is coming to the rescue of billions.

    Our cultural revival integrates ancient wisdom with contemporary practices cementing India’s image as a cultural powerhouse.

    I congratulate the Ministry of Culture, ICCR and Sangeet Natya Academy for their efforts. However, And this is a time to be extremely proactive, time not to be complacent. We need to discover, nurture and find that it does not go into extinction. Lesser known dance forms, they need to create retention.

    Go to any part of the state and you will find every district having its own identity.

    Like one district, one product, you will find one district, one cultural event relating to culture, dance, music. I am amazed sometimes when I see the instruments, how hard they have worked to preserve those instruments, how skillfully they play, how they mesmerize you, how they release your stress and tension for a time. When you attend to them you find you are in a different world altogether. We have to focus on that. Let us give them a new lease of life.

    We have to also be in overdrive in a group to ensure that our youth get involved with Indian dance, music and the kind. This will also cut into the menacing habits our youth get into. Drugs to name one. A person who is involved in these finer arts either as a performer or as onlooker is surcharged with positivity, welfare of humanity, and I am sure this too will be attended.

    As I said, which is more important, your ministry does not stand alone. You have to get all the stakeholders be it the Ministry of Finance, Ministry of Railways, Ministry of Civil Aviation any ministry must have the role of Gajendra Singh Shekhawat because we need to spread our culture, disseminate the knowledge of it and wider the knowledge, wider the dissemination greater will be the impact.

    Additionally, I urged the honorable minister and I requested particular manuscript experts and dance scholars to work together in rediscovering lost dance manuscripts. I was happy to note what the honorable minister conveyed to me. The giants, the Padmavadis, the great exponents over the last six days have brainstormed to address the challenges and to find out. what can be done.

    I would particularly emphasise that we are in the grip of another industrial revolution and that revolution is technology.

    Technology, artificial intelligence, Internet of Things, machine learning, blockchain and the kind. They help refine our artistic talent. and the effort should be made in a structured scientific manner, employment for generating opportunities in the field of culture, art, dance, music.

    These endeavours, particularly promoting rural folk dance forms and rediscovering ancient heritage will serve a large interest of the nation. While institutional efforts are invaluable, collective action is crucial for cultural revival involving individual efforts, community engagement and international collaboration.

    I am sometimes amazed when people hold great functions, they think of a different mode of music, different mode of dance. Ignoring the wealth we have with us, once it catches up, they will know what gain they have got. Let us recognize this as the beginning of a commitment to nurture our artistic heritage.

    Let us pledge to ensure it blossoms to new heights, the heights that are due to it. Art and culture are vital to our existence, shaping our identity and relationships. Dance is both a window to our past and a pathway to our future. Together let’s celebrate the enduring relevance of Indian dance and arts, ensuring they continue to enrich our lives and the world.

    I will conclude by making one observation, India’s rise is phenomenal, Infrastructure development is unbelievable. From the time I faced a situation as a minister and a member of parliament in 1990, where foreign exchange reserve was one billion US dollars, now it has crossed 700 billion.

    I saw Jammu and Kashmir as a minister in 1990, we didn’t see even two dozen people on the road, two crore people went there last year as tourists. In this big change we must have proportionate development of our culture.

    Thank you so much.

    ****

    JK/RC/SM

    (Release ID: 2067002) Visitor Counter : 55

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Auction for Sale (re-issue) of (i) ‘6.79% GS 2034’, (ii) ‘7.46% GS 2073’

    Source: Government of India

    Posted On: 22 OCT 2024 11:39AM by PIB Delhi

    Government of India (GoI) has announced the sale (re-issue) of “6.79% Government Security 2034” for a notified amount of ₹22,000 crore (nominal) through price based auction using multiple price method and “7.46% Government Security 2073” for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 25, 2024 (Friday).

    Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

    Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 25, 2024. The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m.

    The result of the auctions will be announced on October 25, 2024 (Friday) and payment by successful bidders will be on October 28, 2024 (Monday).    

    The Securities will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.

    *****

    NB/AD

    (Release ID: 2066950) Visitor Counter : 76

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Coal India arm SECL Advances Its Digital Push During Special Campaign 4.0

    Source: Government of India (2)

    Posted On: 22 OCT 2024 1:55PM by PIB Delhi

    South Eastern Coalfields Limited (SECL), Coal India’s second-largest subsidiary, has made significant strides in its digital transformation as part of the Special Campaign 4.0. With a focus on innovation, inclusivity, and operational efficiency, SECL has introduced a series of digital initiatives to streamline processes, enhance collaboration, and foster a culture of continuous learning within the organization. 

    CMD Dashboard: A Unified Platform for Task Monitoring and Collaboration 

    SECL’s CMD Dashboard is a comprehensive online platform designed to monitor various tasks and projects across SECL’s headquarters and operational areas. The dashboard enables users to raise requirements with any department and track their requests in real-time. It provides an overview of new, in-progress, and delayed tasks, fostering greater transparency, collaboration, and efficiency across SECL’s inter-company operations.

    Digital Land Acquisition Process with LAMS 

    SECL has also digitalized its land acquisition process through the Land Acquisition Management System (LAMS), which simplifies and expedites the traditionally complex land acquisition procedures. Notably, Khodri village, under the Kusmunda megaproject, has become one of the first villages to complete an end-to-end digital land acquisition using LAMS.

    Abhimanyu E-Learning Platform: Fostering a Culture of Knowledge and Skill Development 

    Following the successful launch of the Abhimanyu E-magazine last year, which promoted knowledge sharing among SECL employees, SECL is now introducing the Abhimanyu E-learning Platform. This platform offers employees an online space for collective learning, knowledge-sharing and skill development enhancing their professional development.

    Online Grievance Redressal: Enhancing Citizen-Centric Services 

    In line with Special Campaign 4.0’s focus on citizen-centric practices, SECL is proactively advancing its online grievance redressal systems. With no pending grievances over 30 days, the company has streamlined its complaint resolution process, ensuring quicker redressal.

    Driving Digital Transformation with In-House Web Apps

    SECL has also developed various in-house web applications to drive its digital transformation. Key apps include CSR app, which tracks corporate social responsibility initiatives; Chirayu app, which facilitates seamless medical referrals and the Vidhik app, which provides an overview of legal matters. These platforms reflect SECL’s commitment to creating tailor-made, efficient digital solutions that meet the unique needs of its workforce and operations.

    Through these initiatives, SECL is advancing its digital push, contributing to the overall vision of a digitally empowered Coal India. Special Campaign 4.0 has been a catalyst in SECL’s journey toward greater innovation, transparency, and operational excellence.

    ****

    ST

    (Release ID: 2066992) Visitor Counter : 63

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Ministry of Coal Unveils Report of the High-Powered Expert Committee on Gainful Utilization of Overburden (OB) in the Coal Sector

    Source: Government of India (2)

    Posted On: 22 OCT 2024 1:04PM by PIB Delhi

    In a significant move towards sustainability and efficient natural resource management, Union Minister of Coal & Mines, Shri G. Kishan Reddy today unveiled the Report of the High-Powered Expert Committee (HPEC) on Gainful Utilization of Overburden (OB) in the Coal Sector during the Half-Yearly Review of the Coal Sector at Sushma Swaraj Bhawan, New Delhi. The event was graced by the presence of Union Minister of State for Coal & Mines, Shri Satish Chandra Dubey, Secretary, Ministry of Coal, Shri Vikram Dev Dutt, senior officials from the Ministry of Coal and CMDs of Coal/Lignite PSUs.

    The HPEC comprised multi-disciplinary experts from five central ministries, NITI Aayog, and coal companies. The committee was tasked with identifying innovative ways to utilize overburden, which consists of soil, rock, and minerals, traditionally discarded as waste during coal mining operations.

    The report outlines a comprehensive framework for using OB as a valuable resource. Historically seen as waste, OB is now being positioned as an asset with the potential to contribute significantly to environmental sustainability, economic development and create employment opportunities for local communities. The HPEC report advocates for a ‘Whole Mining’ approach that aims to integrate overburden into the economic value chain, contributing to sustainable mining practices.

    Key highlights of the report include strategies for processing OB to produce Manufactured-Sand (M-Sand), which can be used in construction projects, reducing the dependency on river sand and preventing environmental degradation. The commercial sale of this M-sand is expected to generate significant revenue for coal companies, and support local economies.

    The HPEC report anticipated several key benefits for coal communities. Processing OB to produce M-Sand not only generates significant revenue for coal companies but also supports local economies by offering cheaper, high-quality sand for construction. Establishing OB-to-sand processing plants will create jobs, boosting livelihoods in coal mining areas. Effective OB utilization, reclaims land for productive uses like agriculture or infrastructure by reducing the need for OB dumps. By decreasing dependence on river sand for construction industries, OB processing also protects ecosystems from erosion and degradation. Additionally, OB contains valuable resources such as clay, limestone, and rare earth elements, which can support infrastructure development and other industries. Several successful pilot plants have demonstrated the viability of this initiative, contributing to environmental sustainability and fostering community engagement, trust, and well-being.

    In a significant step towards promoting a circular economy and turning waste into wealth, Coal/Lignite PSUs have commissioned four OB processing plants and five OB-to-M-sand pilot plants. Additionally, six more OB processing and OB-to-M-sand plants are currently in various stages of installation within the Coal/Lignite PSUs.

    Amlohri Plant, NCL, Singrauli, Madhya Pradesh

    The launch of this report marks a crucial step in the coal sector’s journey towards a circular economy, where waste is minimized, and resources are maximized. The Ministry of Coal, in collaboration with various stakeholders, is committed to implementing the recommendations of the HPEC report, with a focus on benefiting the environment, the economy, and the communities surrounding coal mining regions, in line with India’s broader goals of achieving environmental sustainability and resource efficiency.

    *******

    ST

    (Release ID: 2066973) Visitor Counter : 109

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Bharat Tex 2025 gains international momentum:

    Source: Government of India (2)

    Bharat Tex 2025 gains international momentum:

    Ministry of Textiles organises interaction session with over 30 Countries

    Bharat Tex 2025 to focus on scale, sustainability and skills

    India is looking at a shared future, a future that is sustainable, equitable and prosperous for all of us: Shri Pabitra Margherita

    Posted On: 22 OCT 2024 2:07PM by PIB Delhi

    Ministry of Textiles organized an interactive Session with Foreign Missions in India for Bharat Tex 2025 at Sushma Swaraj Bhawan, New Delhi yesterday. The event saw participation from over 30 Foreign Missions in India namely Australia, Azerbaijan, Brazil, Colombia, Chile, Denmark, Egypt, Finland, Indonesia, Italy, Kazakhstan, Kenya, Lesotho, Montenegro, Malaysia, Mongolia, Mexico, Peru, Philippines, Republic of Korea, Russia, Sri Lanka, Somalia, Taiwan, Togo, Thailand, Uzbekistan and Vietnam.

    Union Minister of State for External Affairs and Textiles, Shri Pabitra Margherita graced the event as the Chief Guest. The session was also attended by Secretary, Ministry of Textiles, Ms. Rachna Shah; Special Secretary, Ministry of External Affairs, Shri P. Kumaran; Additional Secretary, Ministry of Textiles, Shri Rohit Kansal; Trade Advisor, Ministry of Textiles, Ms. Shubhra; industry leaders and officials.

    Speaking on the occasion, the Minister invited the ambassadors and representatives of various countries to proactively participate in Bharat Tex 2025. Describing it as the largest and the most comprehensive textiles event ever, he described Bharat Tex as a unique effort to bring the entire value chain of textiles under one roof. He highlighted the entrepreneurial spirit of the Indian textile industry in finding innovative solutions for the challenges posed by the global textile industry. He underlined that Bharat Tex will reaffirm the attractiveness of India as a reliable, sustainable sourcing destination as well as an investment destination at a large scale for textiles. The sector has the potential to provide large scale employment across the value chain and touch the lives of people across all social spheres. With innovation, collaboration, and the Make in India spirit at its core, this event is an embodiment of the 5F vision of the Prime Minister- Farm to Fibre to Factory to Fashion to Foreign, he added.

     

    Ms. Rachna Shah also highlighted the role of Bharat Tex in the Global Textiles Industry. She invited the attendees to participate as a Partner Country in the mega textile global event. Further she emphasised on India’s focus on the Textiles sector with strong policy support backed by various incentives and schemes including PLI and PM-MITRA Parks.  

    Bharat Tex is a mega global textiles event being organized by a consortium of Textile Export Promotion Councils (EPCs) and supported by the Ministry of Textiles. Scheduled to be held from February 14 to 17, 2025 BHARAT TEX 2025, is positioned as a global scale textile trade fair and knowledge platform. The event will be held simultaneously at two state of the art venues: Bharat Mandapam, New Delhi and India Expo Centre and Mart, Greater Noida. While the main event will be held from February 14-17 at the Bharat Mandapam and will cover the entire value chain of textiles, exhibitions pertaining to handicrafts, garment machinery and ethnic apparel will be held from February 12 to 15 at the India Expo Centre and Mart, Greater Noida.

    Bharat Tex 2025 aims to build on the resounding success of the first edition in 2024. Built around the twin themes of resilient global value chains and sustainability, this year’s show promises to be even more vibrant and attractive than the first edition, attracting top policymakers, global CEOs, international exhibitors, and global buyers. A record number of over 5,000 Exhibitors, 6,000 international buyers from over 110 countries and over 1, 20,000 visitors are expected to participate in this year’s event.

    The Bharat Tex 2025 exhibition will feature dedicated pavilions for Apparel, Home Furnishings, Floor Coverings, Fibres, Yarns, Threads, Fabrics, Carpets, Silk, Handlooms, Handicrafts, Technical Textiles, Apparel Machinery, Dyes & Chemicals and many more. It will also have a retail High Street focusing on India’s fashion retail market opportunities.

    The textile mega event will also provide a platform for global textiles dialogue covering conference, seminars, CEO roundtables, and B2B and G2G meetings across various key topics such as Industry 4.0, Sustainability, Global Value Chain, Investment, Trade among other areas.

    Attendees can look forward to live demonstrations, cultural events, and fashion presentations, designer and brand exhibitions and sustainability workshops, and expert talks. Bharat Tex 2025 aims to serve as a unique and consolidated platform to showcase India’s full textile value chain, while highlighting its strengths in fashion, traditional crafts, and sustainability initiatives.

    ***

    VN

    (Release ID: 2067001) Visitor Counter : 79

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Asia-Pac: DoPPW to conduct Nationwide Digital Life Certificate Campaign 3.0 from 1st to 30th November, 2024

    Source: Government of India

    DoPPW to conduct Nationwide Digital Life Certificate Campaign 3.0 from 1st to 30th November, 2024

    Camps to be held at 800 Districts/Cities across the country, Largest ever DLC Campaign

    To promote Digital Empowerment of Pensionersusing face authentication technology

    Saturation model adopted to achieve 2 crore DLCs with 1 crore Face Authenticated DLCs

    19 Banks, 785 District Post offices, 57 Welfare Associations, MeitY & UIDAI teams, CGDA to collaborate in the month-long campaign

    Posted On: 22 OCT 2024 2:46PM by PIB Delhi

    Pensioners have to submit Life Certificate every year in the month of November for continuation of pension. DoPPW will be conducting the 3rd Nation-wide Digital Life Certificate campaign which will be held in 800 cities/ Districts across India from November 1-30, 2024. The department has notified the guidelines through O.M. dated 9th August, 2024. 

    The Campaign will be held in collaboration with Pension Disbursing Banks, India Post Payments Bank, Pensioners’ Welfare Associations, CGDA, DoT, Railways, UIDAI & MeitY with the aim of touching all the pensioners in remotest corners of the country.

    The DLC Campaign 2.0 was held at 597 locations in 100 cities in November, 2023 under which a total of 1.47 crore DLCs were generated, of which, 45.46 lakh were of Central Government Pensioners. 25.41 lakh DLCs were generated using Face Authentication technique and more than 30,500 pensioners above 90 years of age availed the benefit of DLCs.

    The preparatory phase for the forthcoming campaign has been commenced by holding extensive outreach meetings with all stakeholders. Dedicated DLC portal has been created with mapping of 800 Districts, 1900 camp locations and 1000 nodal officers. Trainings have been scheduled in a phased manner for all nodal officers.

    IPPB will be holding Camps at 785 districts through its vast network of 1.8 lakh postmen and Gramin Dak Sewaks. IPPB provides doorstep DLC services. This facility will be available to all the categories of Pensioners across the country irrespective of the fact their pension accounts are in different bank.In order to avail “Doorstep service for submission of DLC” through IPPB, pensioners can get detailed information on ippbonline.com. All postmen and Gramin Dak Sewaks are well equipped with mobile phones which will be used for DLC generation through Finger biometric & Face Authentication techniques.

    19 Pension Disbursing Banks will also hold camps at 150 cities at more than 750 locations. Visits will be made to the homes/hospitals for aged/disabled/sick pensioners, thus affording them the ease of digitally submitting life certificates.These steps are aimed at ensuring that all pensioners benefit from the Campaign and is particularly helpful to the super senior pensioners.

    57 Pension Welfare Associations, registered with DoPPW, will play a crucial role in the campaign by organizing camps and also mobilizing pensioners for the camps which will be held by IPPB and Pension Disbursing Banks.

    This year the focus will be on promoting Face Authentication Technology. MeitY and UIDAI will provide full technical support during this Campaign. Face Auth has been made more seamless and convenient for the elderly Pensioners.

    DD, AIR and PIB teams are fully geared up to provide full support to this campaign for Audio, Visual and Print publicity. Outreach efforts will be further complemented by SMSs, tweets (#DLCCampaign3), Jingles and Short films to spread awareness about the campaign.

    This will be the largest ever digital empowerment campaign and seeks toachieve maximum outreach to all the categories of  the Pensioners.

    *****

    NKR/KS/AG

    (Release ID: 2067012) Visitor Counter : 44

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Global: Standing desks are bad for your health – new study

    Source: The Conversation – UK – By Jack McNamara, Senior Lecturer in Clinical Exercise Physiology, University of East London

    The global market for standing desks is booming, projected to reach US$12.6 billion by 2032 (£9.7 billion). These desks have been hailed as a simple fix for the health risks associated with sitting all day. However, recent research suggests that standing might not be the health booster many hoped for.

    A new study from Australia involving over 83,000 participants found that prolonged standing may not improve heart health and could even increase the risk of certain circulatory problems.

    Researchers discovered that standing for extended periods did not reduce the risk of heart disease and stroke. In fact, spending too much time either sitting or standing was linked to a higher risk of problems such as varicose veins and feeling dizzy or lightheaded when you stand up.

    The phrase “sitting is the new smoking” has become popular in the past decade, highlighting the dangers of a sedentary lifestyle. Prolonged sitting has been associated with obesity, diabetes and cardiovascular diseases. In response, standing desks emerged as a trendy solution, offering a way to reduce sitting time without drastically changing daily routines.

    But was there solid evidence to support the benefits of standing desks?

    Much of the enthusiasm was based on limited studies that didn’t comprehensively assess long-term health consequences. This gap in knowledge prompted researchers to investigate further.

    In the new study, participants wore devices to track their sitting, standing and physical activity over several years. This objective measurement provided accurate data, reducing the inaccuracies often found in self-reported information. The researchers found that sitting for more than ten hours a day was associated with a higher risk of heart disease and stroke.

    However, simply standing more didn’t mitigate this risk. In fact, standing for extended periods was linked to an increased risk of circulatory problems.

    Prolonged standing can cause blood to pool in the legs, leading to conditions such as varicose veins.

    The study’s large sample size and use of objective data strengthen the reliability of these findings. However, as an observational study, it cannot definitively establish cause and effect. Also, the average age of participants was around 61 years, which may limit how these results apply to younger people.

    Standing for long periods can increase the risk of varicose veins.
    sutulastock/Shutterstock

    Movement is key

    These findings suggest that simply swapping sitting for standing isn’t a perfect solution. Our bodies respond better to regular movement rather than static positions, whether that’s sitting or standing.

    Incorporating short walks, stretching or light exercises throughout the day can interrupt long periods of inactivity and offer significant health benefits.

    Workplace interventions promoting movement have shown promise. Researchers found that office workers who reduced their sitting time by adding periods of standing and light activity saw improvements in blood sugar levels and other health markers.

    Another study indicated that alternating between sitting and standing, combined with brief walks, was more effective for health than standing alone.

    Sit-stand desks, designed to facilitate easy position changes, offer a promising solution. They promote frequent posture changes and can alleviate discomfort associated with prolonged static positions. Some models even feature reminders to encourage regular movement, integrating activity into the workday.

    Getting more physical activity into our lives doesn’t have to be complex. Simple actions such as taking the stairs, walking to a colleague instead of emailing, or standing during phone calls can all contribute. Setting a timer to remind you to move every 30 minutes can help break up long periods of sitting or standing, empowering you to take control of your health.

    Movement is key. Standing all day isn’t necessarily better than sitting – both have drawbacks when overdone. By focusing on regular physical activity and varying our positions, we can better address the health challenges posed by sedentary lifestyles. Small changes, such as taking short active breaks or incorporating stretching exercises, can make a significant difference.

    Ultimately, while standing desks offer an alternative to prolonged sitting, they shouldn’t be seen as a complete solution. Embracing a more active lifestyle, both in and out of the office, is likely to yield the greatest health benefits. It’s not just about standing or sitting; it’s about moving more and sitting less.

    Jack McNamara does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Standing desks are bad for your health – new study – https://theconversation.com/standing-desks-are-bad-for-your-health-new-study-241687

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: How the #MeToo movement has shaped how women write crime fiction

    Source: The Conversation – UK – By Alison Taft, Course Director of Creative Writing, Leeds Beckett University

    It’s seven years since #MeToo became a viral phenomenon. The social media campaign against sexual harassment and assault encouraged survivors to share their stories. But has anything changed in the way crime fiction is written as a result?

    There are now novels that specifically reference the #MeToo movement, such as Complicit by Winnie M Li, The List by Yomi Adegoke and This Is Pleasure by Mary Gaitskill. Between them, they deal with the consequences of sex crimes for a set of main characters that include: a female film producer wondering if she could have done more to prevent the actions of the male predator (Complicit), a falsely accused man (The List) and the female friend of a man seemingly unaware his behaviour could be experienced as offensive (This is Pleasure).

    These novels, all written by women, invite readers to consider differing perspectives in the aftermath of what appeared as a tsunami of offences. But by shifting the focus away from the perpetrators of the crimes they do little to challenge what some women activists identify as a rape culture.

    In 2018, in response to the #MeToo movement, screenwriter Bridget Lawless launched the Staunch Prize. It was to be “awarded to the author of a novel in the thriller genre in which no woman is beaten, stalked, sexually exploited, raped or murdered”. She argued that the majority of crime thrillers focus on the least common forms of violence against women (the stalker, the serial killer, the unknown assailant) giving readers a false idea of what a rapist looks like and so making it more difficult to convict real offenders. “Well over 90% of rapes and murders of women are by men known to them,” she explained, “often a former or current partner”.

    However, the Staunch Prize met with criticism. Novelist Sophie Hannah argued that rather than pretend these crimes don’t exist, writers should challenge the prejudices that exist within the way they are written about. Val McDermid meanwhile (widely credited as one of few female crime writers who attracts male readers) said she’d stop writing stories about violence against women when men stop committing the crimes.

    It is important to tell these stories, and to do so in ways that challenge the fetishisation of sex crimes. However, creating realistic yet empowering stories can be something of a challenge.

    #MeToo and crime tropes

    When Sarah Bailey published her novel Into The Night (2019), which features a female character who experiences sexual harassment, she claims her US editors argued “that because of #MeToo and #TimesUp, readers would desire a more empowering narrative, a ‘happy ending’ so to speak, where justice was served and the bad guy got his comeuppance”. Bailey wasn’t convinced. She argued that manufacturing happy endings for fictional women might not offer much support to real women on the receiving end of these crimes.

    Gail Simone, creator of the website Women in Refrigerators, has been working to highlight some of the more damaging tropes found within crime fiction. She brought attention to the concept of “fridging” – a plot device where violence against women is used to motivate the (usually male) protagonist into action. In these stories, women appear with no other purpose than to be a victim.

    These tropes, Simone argues, “both reflect and perpetuate the idea that women don’t have any agency over their own lives in the real world”.

    The Change by Kirsten Miller (2022) challenges this lack of agency. The novel features three peri-menopausal characters intent on exposing a Jeffrey Epstein-inspired network of abusers.

    The feminist thriller is unflinching in laying the blame squarely where it belongs. It does also, perhaps to avoid the accusation of bias, include a female antagonist who may, or may not, be based upon Ghislaine Maxwell (currently serving a 20-year prison sentence after being found guilty of child sex trafficking and other offences connected to Epstein). The Change serves as a call to action to women, particularly older women, to play their part in bringing perpetrators to justice.

    The ongoing mass rape trial of Dominique Pelicot in France has perhaps provided the world with a shock dose of reality. Pelicot admitted repeatedly drugging his wife, Gisèle and inviting strangers to rape her. The court has heard statements, such as “there is rape, and then there’s rape” (a lawyer for six of the accused); “she did not deserve this” (Pelicot); and “women do not belong to men, I hope that future generations will learn that” (one of the accused).

    It’s clear that writers are working to explore the issues the #MeToo movement raised. But statements like this show that, despite these efforts, the social narrative around sex-crime remains depressingly unchanged.



    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    Alison Taft does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How the #MeToo movement has shaped how women write crime fiction – https://theconversation.com/how-the-metoo-movement-has-shaped-how-women-write-crime-fiction-239905

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: US election 2024: getting out the youth vote will be crucial in a knife-edge contest

    Source: The Conversation – UK – By James Sloam, Professor of Politics, Royal Holloway University of London

    The US presidential election is on a knife edge. The polls are predicting 50/50 races in several states, including Pennsylvania, Georgia, North Carolina and Nevada.

    The results in these states are likely to be crucial in deciding whether it is the Democratic nominee, Kamala Harris, or her Republican rival, Donald Trump, who will be sitting in the White House come January 2025. The youth vote will play a key role in determining victory in such a tight race.

    Younger voters in the US have leaned heavily towards the Democratic party in recent presidential elections. But this is a relatively new phenomenon. In 2000, young Americans aged 18 to 30 voted for George Bush and Al Gore at an almost identical rate to the general population, favouring Democrat Gore by 48% to 47%.

    The swell in youth support for the Democrats only began with Barack Obama in 2008, when he defeated John McCain by two to one in this demographic (66% to 32%). This was followed by a slightly smaller – albeit still substantial – margin of victory for Obama over Mitt Romney (60% to 37%) in 2012. The current US president, Joe Biden, enjoyed a similar advantage over Trump among young voters in 2020 (61% to 36%).

    Youth support for the Democrats has proved to be particularly strong among young women, and Latino and black voters who are opposed to the illiberalism of Trump’s Republican party. Polls suggest that Biden secured an estimated 67%, 69% and 89% of the vote respectively from these groups four years ago.

    Young women also drove a surge in youth participation in the 2022 midterms in reaction to a Supreme Court ruling that now allows states to deny women the right to abortion. This contributed to results that were much better than expected for the Democrats in Congress.

    Younger voters in the US have leaned heavily towards Democratic party candidates in recent presidential elections.
    James Sloam, CC BY-NC-ND

    Youth turnout in the US is low by international standards. But in the 2020 presidential election – a highly polarised race between Biden and Trump – a record half of young Americans turned out to vote. This compared to around two-thirds of the registered electorate, which was itself the highest rate of turnout for over a century.

    On the surface, Harris’s presidential bid might have been expected to boost youth support and participation further. She is a woman of mixed heritage with socially progressive views, who is generally seen as likeable and is the antithesis of Trump.

    And younger voters do, indeed, prefer Harris to Trump, but by an unconvincing margin, compared with support for previous Democratic candidates. In a recent opinion poll conducted by YouGov and the Economist, 55% of young people stated that they would vote for Harris compared to 39% for Trump.

    This speaks of a broader disillusionment with electoral politics among young Americans. There is some disaffection over the Biden administration’s lack of action over issues such as climate change, gun control and the war in Gaza.

    But, most importantly in this election, there is a sense that neither party has attended to the economic hardships that have left young Americans feeling that they are unlikely to be better off than their parents’ generation.

    After being buffeted by high inflation, today’s young people (gen Z) are spending over 30% more on housing, almost 50% more on health insurance, and twice as much on car insurance than millennials.

    The 2016 presidential race showed that young people in the US are much more supportive of Bernie Sanders’ more radical version of the Democratic party than has been offered by Clinton, Biden and Harris – the more centrists candidates who have made it through to become the Democratic candidate in the past three elections. In the 2016 primaries, more young Americans voted for Sanders than for Clinton and Trump put together.

    Increasing youth turnout

    The lack of enthusiasm for establishment Democratic party candidates means that efforts to bring out the youth vote are of central importance. This is particularly true in the key states Harris needs to win to become president.

    In the 2020 election, voter registration drives among young people played a key role in Democratic wins in incredibly tight state races. In Georgia, for example, it is widely accepted that the large increase in youth turnout flipped the state for Biden in a race that came down to just 12,000 votes.

    Last month, I spent time in Philadelphia, a city at the heart of Pennsylvania. Pennsylvania is the most important swing state in the US, with 19 of the country’s 538 electoral college votes. When I was there, I spoke to young people and a leader of PA Youth Vote, a bipartisan initiative set up to improve youth voter registration and turnout in the state.

    PA Youth Vote had a clear understanding that, to increase youth turnout, they need to focus on making young people aware of how politics and voting matters for their everyday lives, and how they can have an impact on the issues they care about in their local areas by engaging with local officials and the democratic process.

    The aim of the initiative is to meet “the youth where they are, going to their schools, their neighbourhoods and their spaces” to give young people a positive reason to go out and vote.

    The Harris campaign – and US politics in general – can learn a lot from these grassroots movements. Their efforts to make politics matter for young Americans have the potential to increase youth participation.

    The success of these bipartisan efforts to bring out the youth vote will undoubtedly be critical to the presidential race, given the preference of young people for Harris over Trump. But it is critical for American democracy that politicians engage with young people on the issues they care about, such as education, crime, policing and poverty, all the time – and not just when asking for votes.

    On returning to the airport on the way back from Pennsylvania, I was speaking to the young African-American man who was driving my taxi. He believed that Trump was a racist, but also that neither party would do anything for him and his community. In his view, there was no point in voting, even in a key marginal state.

    This highlights the lack of proper discussion in the presidential race about how persistent economic inequalities are undermining American democracy in a very material sense for individual young people.

    James Sloam does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. US election 2024: getting out the youth vote will be crucial in a knife-edge contest – https://theconversation.com/us-election-2024-getting-out-the-youth-vote-will-be-crucial-in-a-knife-edge-contest-240500

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Breast cancer: why it’s difficult to treat and what new approaches are on the horizon

    Source: The Conversation – Africa – By Anna-Mart Engelbrecht, Professor in physiological sciences, Stellenbosch University

    Breast cancer is the number one cancer among women: more than 2 million cases were diagnosed worldwide in 2022. It is also particularly challenging to treat. Physiologist Anna-Mart Engelbrecht, who heads the Cancer Research Group at Stellenbosch University, explains why this is so and how precision medicine could help.

    How do tumours work?

    Normally, cell growth, cell division and cell death are tightly regulated processes. But mutations in a cell’s DNA can disrupt this regulation, leading to abnormal cell proliferation, forming tumours.

    Tumours can be benign (non-cancerous) or malignant (cancerous). Malignant tumours are dangerous because they invade surrounding tissues and can metastasize (spread) to other body parts, such as bones, liver or lungs.

    Cancer cells can evade the immune system, create their own blood supply (angiogenesis), and adapt to survive under different conditions, such as low oxygen or treatment pressure.

    Only 5%-10% of all cancers arise from germline (inherited) mutations, which are present in all cells of the body from birth, predisposing the individual to developing cancer.

    Most cancers are preventable through a healthy lifestyle and regular exercise.

    What are the different types of tumours?

    For breast cancer, the tumours can be classified into types:

    Ductal carcinoma in situ (DCIS): Non-invasive cancer (meaning it has not invaded the underlying tissue beneath the epithelial cells, and abnormal cells are confined only to the milk ducts.

    Invasive ductal carcinoma (IDC): The most common type, where cancer cells break through the duct walls (the cells lining the ducts become cancerous) and invade surrounding breast tissue.

    Invasive lobular carcinoma (ILC): Begins in the milk-producing lobules and invades nearby tissue. (The lobules are the part of the breast which produce milk. They are anatomically different from the ducts, which transport the milk to the nipples.)

    Triple-negative breast cancer (TNBC): The breast tissue lacks estrogen receptors, progesterone receptors, and HER2 protein receptors that control how cells grow and divide. Triple-negative breast cancer is often more aggressive and more challenging to treat.

    HER2-positive breast cancer: Overexpression of the HER2 protein, which promotes cancer cell growth.

    Hormone receptor-positive breast cancer: Cancer that grows in response to hormones like estrogen or progesterone.

    What makes breast cancer so difficult to treat?

    Breast cancer is particularly challenging to treat because there are so many subtypes with unique genetic and molecular characteristics.

    These variations mean that a treatment effective for one subtype might not work for another. The approach has to be tailored for each patient’s breast cancer.

    Another challenge is the tumour microenvironment. Cancer cells “hijack” the normal cells in this microenvironment to sustain cell growth.

    The tumour microenvironment shapes tumour behaviour. Certain cells in this environment can shield cancer cells from therapies, making treatment less effective.

    Drug resistance further complicates treatment. Over time, breast cancer cells can adapt and develop resistance to chemotherapy, hormonal treatments and targeted therapies.

    This adaptation can involve genetic mutations or the use of alternative signalling pathways that allow the cancer cells to continue growing despite treatment efforts.

    Metastasis, or the spread of cancer to other organs, is another major hurdle. Metastatic cells often behave differently from those in the primary tumour. This is true for all cancers.

    Lastly, breast cancer cells sometimes escape detection by the immune system. Usually, the immune system would recognise and attack abnormal cells. But some breast cancer cells can disguise themselves or suppress the immune response.

    This makes immunotherapy less effective. Unlike traditional therapies such as chemotherapy, immunotherapy enhances the immune system’s natural ability to fight cancer.

    Immunotherapy has shown success in treating cancers like melanoma, non-small cell lung cancer, kidney cancer and certain lymphomas, particularly those with a high number of genetic mutations that make them more visible to the immune system.

    But immunotherapy is not universally effective. Response rates can vary greatly between patients, and side effects can be severe.

    Breast cancer tends to have fewer genetic changes for the immune system to recognise as foreign.

    How would precision medicine make a difference?

    Precision medicine takes into account the genes, environment, and lifestyle of each person and tailors treatments to a tumour’s genetic and molecular characteristics.

    It enables targeted therapies that improve efficacy and reduce unnecessary side effects.

    Ongoing monitoring through techniques like liquid biopsies (for example a blood test) allows treatment strategies to be adapted as the tumour evolves, and identifying genetic predispositions aids in early detection and prevention.

    Precision medicine has transformed cancer care, particularly in cancers like breast, lung, and melanoma, where targeted therapies guided by genetic profiling are now routine for patients who can afford it.

    Research and clinical trials continue to expand the reach of precision medicine, promising more effective, individualised treatments for a broader range of patients in the future.

    Anna-Mart Engelbrecht receives funding from the South African Medical Research Council (SAMRC), National Research Foundation (NRF) and CANSA. SAMRC and NRF currently, CANSA previously. I am director and shareholder of two Stellenbosch University start-up companies, BIOCODE and PHYENTI.

    – ref. Breast cancer: why it’s difficult to treat and what new approaches are on the horizon – https://theconversation.com/breast-cancer-why-its-difficult-to-treat-and-what-new-approaches-are-on-the-horizon-241690

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Canada: Strengthening Alberta’s economic partnerships abroad

    Source: Government of Canada regional news

    The minister will engage in trade missions to Argentina and the UAE from Oct. 21 to Nov. 9. During these missions, Minister Jones will meet with companies, potential investors and government officials in several high-value, in-demand sectors to discuss investment and trade opportunities for Alberta.

    Government-led trade missions enhance Alberta’s trade market access and help Alberta businesses diversify into new international markets.

    “Our government is committed to establishing strong relationships that connect Alberta businesses with key international partners. With Canada’s most investment-friendly environment, competitive tax system, highly educated workforce and robust research and development pipeline, Alberta is a competitive partner on the global stage. I am looking forward to showcasing Alberta’s world-class products, energy, agriculture and innovation to our partners in Argentina and the UAE. These missions will enhance collaboration, driving us toward a more prosperous future together.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Minister Jones will participate in the Argentina Oil and Gas Patagonia Expo and speak at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). During a trade mission in 2023, Minister Jones made many connections at ADIPEC. This year’s participation will further strengthen those relationships while showcasing Alberta’s innovative energy solutions and helping Alberta-based companies establish new business partnerships.

    Minister Jones will be joined by three government employees. Mission expenses will be posted on the travel and expense disclosure page.

    Alberta’s government is committed to working with its national and international partners to advance shared interests that can lead to new opportunities for people and businesses in Alberta and around the world.

    Quick facts

    • In 2023, Alberta exported about $126 million worth of goods to Argentina.
      • Top exports included filtering/purifying machinery and apparatuses for gases ($71.2 million), air or other gas compressors ($5.1 million) and aircraft ($3.7 million). 
    • In 2023, Alberta exported almost $242 million to the UAE.
      • Top exports included food and agriculture ($130.6 million), machinery ($82.9 million) and metal, stone or glass ($13.1 million).
    • Trade missions to priority markets are one way Alberta’s government is helping small- and medium-sized businesses get their products to international markets, making Alberta’s economy more resilient.

    Itinerary for Minister Jones*

    Oct. 21-22

    • Travel to Neuquén, Argentina

    Oct. 23-25

    • Meetings and briefings in Neuquén

    Oct. 26

    • Travel to Buenos Aires, Argentina

    Oct. 27-29

    • Meetings and briefings in Buenos Aires

    Oct. 29-31

    • Travel to Abu Dhabi, UAE

    Nov. 1-6

    • Meetings and briefings in Abu Dhabi

    Nov. 5

    • Participate in ADIPEC ministerial panel

    Nov. 6

    • Travel to Dubai
    • Meetings and briefings in Dubai

    Nov. 7-8

    • Meetings and briefings in Dubai

    Nov. 9

    • Return to Alberta

    *Subject to change.

    Related information

    • Abu Dhabi International Petroleum Exhibition and Conference
    • Argentina Oil and Gas Patagonia Expo

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI Economics: Top 25 global banks navigate market shifts with 4% gain in MCap in Q3 2024, reveals GlobalData

    Source: GlobalData

    Top 25 global banks navigate market shifts with 4% gain in MCap in Q3 2024, reveals GlobalData

    Posted in Business Fundamentals

    The aggregate market capitalization (MCap) of the top 25 global banks went up by 4% to $4.27 trillion quarter-on-quarter (QoQ) during the third quarter (Q3) ended 30 September 2024. This growth was fueled by interest rate cuts from several central banks, including the US Federal Reserve and the European Central Bank, alongside stronger-than-expected US economic performance, according to GlobalData, a leading data and analytics company.

    Royal Bank of Canada (RBC) and Bank Central Asia (BCA) stocks recorded over 15% growth, while Charles Schwab saw a decline of nearly 12% in market value. JPMorgan Chase retained its position as the most valuable bank for the tenth consecutive quarter, reflecting resilient performance amidst evolving economic landscapes.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “The third quarter of 2024 concluded with healthy returns across most major asset classes, despite periods of market turbulence. Early August saw stocks come under pressure, driven by weaker US economic data, an interest rate hike by the Bank of Japan, and thin summer trading volumes. However, the Federal Reserve’s much-anticipated rate cuts in September, combined with a softer stance from Japanese policymakers and fresh stimulus measures in China, helped ease investor concerns and fuel a strong stock market rally by the end of the quarter.”

    As inflation eased and economic activity remained subdued, several other Western central banks followed suit in cutting rates. The European Central Bank implemented its second-rate reduction in September, lowering interest rates to 3.5%. Similarly, the Bank of England commenced its own easing cycle, introducing a 25-basis point cut during its August meeting.”

    In Q3 2024, RBC’s stock value surged 17.2%, driven by a 17% increase in earnings from its personal and commercial banking segment, which reached CAD2.49 billion ($1.80 billion), including a CAD198 million boost from its CAD13.5 billion acquisition of HSBC’s domestic operations. RBC’s overall profit rose 16% to CAD4.5 billion, surpassing expectations. Similarly, BCA’s market value climbed 15.1%, ending the quarter with a market cap of $83.3 billion, fueled by strong quarterly results and optimism about future performance.

    JPMorgan Chase reinforced its global leadership with a 22% rise in net revenue to $50.2 billion, largely driven by a 41% increase in net interest income and gains from Visa shares.

    Meanwhile, Charles Schwab’s market cap fell to $118.6 billion due to reduced interest revenue and regulatory scrutiny, partly linked to its cash sweep program financing the 2020 TD Ameritrade acquisition.

    Overall, for the nine months ended Sept 2024, Wells Fargo lost $13 billion in market value due to persistent regulatory challenges stemming from past scandals and inconsistent earnings performance. The bank is working to lift a $1.95 trillion asset cap imposed by the Federal Reserve. Recent assessments revealed insufficient safeguards against money laundering has limited its ability to expand in deposit intake and trading.

    Grandhi concludes: “As the Fed begins its easing cycle, Q4 2024 market focus will shift to the US elections, with the outcome likely to have an impact on the country’s fiscal policy, debt, and trade, especially tariffs. Potential policy changes could stoke inflation, while escalating geopolitical risks may hit consumer confidence and trigger market selloffs, driving investors toward safer assets amidst global uncertainty.”

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The National Co-operative Bank Ltd., Bangalore – Extension of Period

    Source: Reserve Bank of India

    The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The National Co-operative Bank Ltd., Bangalore vide Directive No. BLR.DOS.SSMS.No.S836/09-01-112/2023-2024 dated July 24, 2023, for a period of six months up to close of business on January 24, 2024, as modified from time to time which were last extended up to close of business on October 24, 2024 vide Directive DOR.MON/D-34/12-23-112/2024-2025 dated July 22, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on October 24, 2024.

    2. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on October 24, 2024, to close of business on January 24, 2025, subject to review.

    3. All other terms and conditions of the Directive under reference shall remain unchanged.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1352

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Economics: Risks facing the global economy

    Source: Bank for International Settlements

    While the global economy remains on track for a soft landing, the path ahead is not without risks. Real rates may remain higher than they were before the pandemic as central banks deal with a structurally more inflation-prone landscape. Fiscal policy may not be restrained enough to ensure financial stability. Productivity growth may remain sluggish in most advanced economies. Markets may be volatile, with potential spillovers to financial intermediaries. To guard against these risks and ensure resilience and stability, prudent monetary policy, fiscal consolidation and structural reforms are all necessary.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI: Defiance Launches XMAG The First ETF Offering Exposure to the S&P 500 Excluding the “Magnificent 7” Tech Giants

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 22, 2024 (GLOBE NEWSWIRE) — Defiance, a leading innovator in exchange-traded funds (ETFs), today announces the launch of the Defiance Large Cap Ex-Magnificent Seven ETF (XMAG). The ETF will be the first of its kind, offering investors exposure to equities in the S&P 500 without the inclusion of the Magnificent Seven (“Mag 7”) (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla). XMAG offers a unique opportunity for investors to access the broader market while reducing concentration risk in these dominant tech stocks.

    Many investors that use diversified investment funds have seen their portfolios increasingly concentrated in exposure to the Mag 7, which represent large holdings across tech-, growth-, and innovation-focused strategies.

    “We have heard loud and clear from institutional investors and advisors that they’re increasingly concerned about their sizable exposure to the Mag 7,” said Sylvia Jablonski, CEO and CIO of Defiance ETFs. “Even clients who believe that the Mag 7 will continue to grow have seen their portfolios become engulfed by these companies, and they’re looking for a solution. With XMAG, we’re providing the market with the broad-based, diversified exposure that investors have always sought with the S&P 500. In offering this in an ETF, we’re making the process of screening seven companies out of an index of 500 more efficient, and we’re excited to see the market’s reception to it.”

    About The Index

    The BITA US 500 ex Magnificent 7 Index aims to provide a comprehensive and balanced representation of the U.S. equity market by including the largest 500 publicly traded securities, while specifically excluding the seven largest technology giants commonly referred to as the “Magnificent 7.”

    This approach ensures more diversified exposure, mitigating the overconcentration risks associated with the market’s most dominant funds. The index constituents are weighted based on free-float market capitalization and rebalanced quarterly. Index values are disseminated on an end-of-day basis.

    About Defiance ETFs

    Founded in 2018, Defiance is a leading ETF issuer specializing in leveraged and thematic ETFs. Our suite of first-mover products allows investors to take targeted positions on disruptive innovations.

    Contact:
    Frank Taylor / Sarah Lazarus
    Defiance@DLPR.com

    Important Disclosures

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and / or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    Tracking Error Risk. As with all index funds, the performance of the Fund and the Index may differ from each other for a variety of reasons.

    Large-Capitalization Investing. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Large-capitalization companies may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.

    Market Events Risk. The Fund’s investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities and other financial instruments. Investment markets can be volatile and prices of investments can change substantially due to various factors.

    Passive Investment Risk. The Fund is not actively managed and does not attempt to outperform the Index or take defensive positions in declining markets. As a result, the Fund’s performance may be adversely affected by a general decline in the market segments relating to the Index.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market.

    Brokerage Commissions may be charged on trades.

    The Fund holds 0% in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla.

    XMAG is distributed by Foreside Fund Services, LLC.

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/1578c4c6-57a2-4dc4-b82f-5a180fbc8052

    The MIL Network –

    January 24, 2025
  • MIL-OSI: HSBC Bank Plc – Form 8.5 (EPT/RI) – Learning Technologies Group plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

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

    1.         KEY INFORMATION

    (a) Name of exempt principal trader: HSBC Bank Plc
    (b) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree
    Learning Technologies Group plc
    (c) Name of the party to the offer with which exempt principal trader is connected: OFFEROR: GASC APF, L.P. and certain of its managed or advised funds (including Atlantic Park), accounts and/or affiliates (collectively, General Atlantic)
    (d) Date dealing undertaken: 21 October 2024
    (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
         If it is a cash offer or possible cash offer, state “N/A”
    N/A      

    2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

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

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

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales

     

    Total number of securities Highest price per unit paid/received
    (GBP)
    Lowest price per unit paid/received
    (GBP)
     

    Ordinary Shares

     

    Purchase

    29,583 93.454 p 92.530 p
    Ordinary Shares Sale 948 92.756 p 92.530 p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
    e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short position
    ­ Ordinary shares Swap Increasing a short position 695 92.702 p
    ­ Ordinary shares Swap Increasing a short position 1 93.309 p
    ­ Ordinary shares Swap Increasing a short position 538 93.454 p
    ­ Ordinary shares Swap Increasing a short position 879 92.702 p
    ­ Ordinary shares Swap Increasing a short position 680 93.454 p
    ­ Ordinary shares Swap Increasing a short position 1 93.309 p
    ­ Ordinary shares Swap Increasing a short position 2,470 92.702 p
    ­ Ordinary shares Swap Increasing a short position 1,904 93.454 p
    ­ Ordinary shares Swap Increasing a short position 2,379 92.702 p
    ­ Ordinary shares Swap Increasing a short position 1 93.309 p
    ­ Ordinary shares Swap Increasing a short position 1,834 93.454 p
    ­ Ordinary shares Swap Increasing a short position 2,361 93.454 p
    ­ Ordinary shares Swap Increasing a short position 3,063 92.702 p
    ­ Ordinary shares Swap Increasing a short position 2 93.309 p
    ­ Ordinary shares Swap Increasing a short position 2 93.309 p
    ­ Ordinary shares Swap Increasing a short position 1,274 93.454 p
    ­ Ordinary shares Swap Increasing a short position 1,651 92.702 p
    ­ Ordinary shares Swap Increasing a short position 3 93.309 p
    ­ Ordinary shares Swap Increasing a short position 3,873 93.454 p
    ­ Ordinary shares Swap Increasing a short position 5,024 92.702 p

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

    (i)         Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

     

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

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

     

       

    3.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    None

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

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

    None

    Date of disclosure: 22 October 2024
    Contact name: Dhruti Singh
    Telephone number: 0207 088 2000

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

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

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

    The MIL Network –

    January 24, 2025
  • MIL-OSI United Kingdom: Housing Summit to address housing challenge in Highland

    Source: Scotland – Highland Council

    The Highland Council has called a Housing Challenge Summit, designed to bring together all parties from National and Local government and private sector interests, both large and small, from across the fields of energy, housing development and commerce, to focus on the Housing Challenge in Highland.

    Highland Council declared a Housing Challenge following an event in November 2023 and agreed a number of strategic objectives in June 2024, with the aim of finding solutions to a Highland Housing Challenge. 

    The summit will be held today, 22 October, in Aviemore and delivered in partnership with Prosper, with sponsorship from SSEN, Burness Paull and The Scottish National Investment  Bank (SNIB).

    Housing Minister, Paul McLennan will attend and address delegates in a Keynote speech. 

    He said: 

    “I am pleased to be attending Highland Council’s Housing Challenge Summit and speaking with a range of stakeholders about how we work together to deliver the homes that people need. We know that tackling the housing emergency requires a joint approach between the Scottish Government, UK Government and local authorities and this summit will provide a valuable opportunity for stakeholders to come together to find ways to deliver more homes for communities across the Highlands. 

     “Good quality housing is essential to attract and retain people in our communities. We remain focused on delivering 110,000 affordable homes across Scotland by 2032, with at least 70% for social rent and at least 10% in our rural and island communities supported by our Rural and Island Housing Action Plan. Since 2021, we have invested over £180 million grant funding that has supported the delivery of nearly 2,000 affordable homes across the Highland Council area.” 

    Convener of The Highland Council, Bill Lobban who will chair the summit, said: “I am delighted to welcome the Housing Minister Paul McLennan, and over 100 delegates from a range of public and private sectors, whose input, together with Scottish Government and political representatives, will be invaluable to addressing the housing challenge in the Highlands. 

    “Affordable housing is an issue that is raised everywhere we speak to communities across the Highlands. For this reason, it is a high priority in the Council’s Programme and Members have declared a Highland Housing Challenge. 

    “There are also many wider socio-economic benefits in providing more housing, including boosting the construction industry, regeneration of town centres and reversing depopulation of communities. The economic benefits continue over the longer term, through savings on housing benefit, and wider benefits including reduced homelessness, increased employment, and improved health benefits.”  

    “Bringing the envisaged housing solutions to the Highlands is a key component of the economic growth required for the area in the next twenty years, helping us to seize important energy development opportunities, create benefits and sustain both our urban and rural communities.” 

    Chair of the Council’s Housing and Property Committee, Cllr Glynis Campbell Sinclair summarised the challenges saying: “It is anticipated that 24,000 new houses will be required in Highland in the next ten years. This is around double that which would normally be built.  

    “The future demand for housing is based on an updated ten-year Housing Needs Demand Assessment, which incorporates economic modelling including potential increases in jobs connected to the development of the Inverness and Cromarty Firth Green Free Port. 

    Leader of The Highland Council, Raymond Bremner said: “Highland Council and its partners are on course to meet the challenge of building 24,000 houses, but over 20 years. To accelerate this will require additional investment of around £2.8 billion. The challenge will require public and private sector co-investment and significant increases in the supply of land for housing and development capacity. 

    “Some solutions to future housing supply can be addressed through benefits flowing from the Social Value Charter from Renewables and from future retained business rates relating to the Green Free Port, as well as legacy housing from energy and infrastructure projects. 

    “The next steps will be to seek collaborative action in the co-design and delivery of a strategic plan which addresses the housing needs in the short, medium and long-term future.”  

    Chief Executive of Prosper, Sara Thiam added: “Housing continues to be a barrier to growth for many industries but it also underpins the quality of life of our people and impacts on our health, education and equality of opportunity so finding ways to overcome the various challenges will continue to be at the top of the to do list for government, industry and wider society.” 

    The summit will explore the Council’s agreed objectives including levering finance from different means; finding varied mechanisms to build new housing; flexibility regarding the ownership of housing; and finding new ways to maximise the supply of land.

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI United Kingdom: Bury director jailed after failing to produce accounts for company which owed more than £200,000 in tax

    Source: United Kingdom – Executive Government & Departments

    Director jailed for offences under the Insolvency and Companies Act

    • Vezubuhle Ndlovu was the director of VN Electrics Limited when it went into liquidation owing more than £200,000 in unpaid tax 

    • Ndlovu failed to deliver accounting records to the liquidator as he was required to do so under law 

    • This failure meant his company’s accounts could not be investigated, resulting in criminal investigations into the 41-year-old by the Insolvency Service 

    A Bury director who failed to produce accounting records and refused to co-operate with the Insolvency Service after his company went into liquidation owing more than £200,000 in unpaid tax has been jailed. 

    Vezubuhle Ndlovu was sentenced to 10 months in prison when he appeared at Manchester Crown Court on Tuesday 15 October. 

    The 41-year-old had previously pleaded guilty to offences under the Insolvency Act and Companies Act for his VN Electrics Limited business. 

    Ndlovu, of Spinney Crescent, Bury, failed to provide up-to-date records to the Insolvency Service when VN Electrics was liquidated in 2019, meaning the Official Receiver could not accurately assess the company’s position and liabilities. 

    David Snasdell, Chief Investigator at the Insolvency Service, said: 

    Vezubuhle Ndlovu’s offending was persistent and he has shown no insight into his criminal actions.  

    If a company fails to keep proper records it exposes creditors and trading partners to unacceptable levels of risk. A company that does not keep records is more likely to fail and the Official Receiver or insolvency practitioner will be unable to identify and take steps to recover the company’s assets. 

    Ndlovu failed in his statutory duties to deliver up-to-date accounting records and at no point engaged with the Official Receiver or our investigators when asked to do so. 

    VN Electrics was established in May 2017, with Ndlovu the sole director. The company’s business was described on Companies House as ‘non-specialised wholesale trade’. 

    The company was liquidated in December 2019 after a petition from HM Revenue and Customs, which was owed £221,600 by VN Electrics. 

    The Insolvency Service wrote to Ndlovu on three separate occasions after VN Electrics was wound-up, reminding him of his statutory duty to preserve the company’s books and records and to deliver them to the Official Receiver. 

    Ndlovu failed to respond and did not turn up to an interview at the Official Receiver’s Office. 

    Civil proceedings which resulted in a seven-year director disqualification for Ndlovu began in September 2020 and concluded in April 2022. At no point did Ndlovu engage with the investigation. 

    Just one month after Ndlovu’s director ban, criminal investigators from the Insolvency Service invited him in for interview. Again, Ndlovu failed to respond or attend the interview. 

    Ndlovu’s failure to deliver books and records meant the Official Receiver was unable to establish if sales and purchases of just more than £1 million were the true level of VN Electrics’ income and expenditure between August 2017 and February 2019. 

    The Official Receiver was also unable to determine if VN Electrics owned any assets at any time between incorporation and liquidation, and if so, what happened to them. 

    Further information 

    • Vezubuhle Ndlovu is of Spinney Drive, Bury, Greater Manchester. His date of birth is 13 August 1983 

    • Sentenced for: misconduct in the course of winding-up, contrary to section 208 (1) of the Insolvency Act 1986, failing to keep accounting records, contrary to sections 387 (1) and 389 (1) of the Companies Act 1986 

    • VN Electrics Limited (company number 10748801) 

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Updates to this page

    Published 22 October 2024

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI China: Announcement on Open Market Operations No.208 [2024]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.208 [2024]

    (Open Market Operations Office, October 22, 2024)

    In order to keep liquidity adequate at a reasonable level in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB158.4 billion through quantity bidding at a fixed interest rate on October 22, 2024.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB158.4 billion

    1.50%

    Date of last update Nov. 29 2018

    2024年10月22日

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Announcement on SFISF Operations No.1 [2024]

    Source: Peoples Bank of China

    Announcement on SFISF Operations No.1 [2024]

    (Open Market Operations Office, October 21, 2024)

    In order to better leverage the role of security firms and funds companies in stabilizing the market, the People’s Bank of China has conducted the Securities, Funds and Insurance companies Swap Facility (SFISF) operation for the first time with an allotment amount of RMB50 billion. Twenty institutions participated in the tender. The highest and lowest bid rate was 50 bp and 10 bp, respectively, and the winning rate was 20 bp. 

    Date of last update Nov. 29 2018

    2024年10月21日

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Deputy Governor Xuan Changneng Moderates the Lecture Given by BOK Governor Rhee Chang Yong

    Source: Peoples Bank of China

    At the invitation of the People’s Bank of China (PBOC), Governor of Bank of Korea Rhee Chang Yong gave a lecture entitled “Monetary Policy in Practice: Applying a Dose of Integrated Policy Framework and Forward Guidance”, and answered questions from the PBOC and the State Administration of Foreign Exchange staff. Deputy Governor Xuan Changneng moderated the lecture.

    Date of last update Nov. 29 2018

    2024年10月22日

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI Economics: BaFin warns consumers about a further FinFlex website: finflex.info

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    On 9 August 2024, BaFin issued a warning about FinFlex and its website finflex.org, which has since been deactivated. The unknown operators are now using the nearly identical website finflex.info. BaFin suspects the operators of the websites of offering consumers financial and investment services on these platforms without the required authorisation.

    The content of the websites is identical to other platforms that BaFin has previously warned consumers about and that display the same opening sentence: “Upgrade Your Trading With…”.

    Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Russia: With the support of Rosneft, the Days of Culture of Indigenous Peoples of the Tyumen Region opened

    Translation. Region: Russian Federation –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    With the support of RN-Uvatneftegaz (part of Rosneft), the Days of Indigenous Peoples Culture have started in the Tyumen Region. It is expected that over 1,200 guests will visit the festival in two weeks.

    In the ethnographic center “Uvas Mir Hot” (House of Northern People), created with the support of “RN-Uvatneftegaz”, guests get acquainted with the rich culture of northern ethnic groups, their customs and traditions. The concert program of the opening of the festival included performances by dancers and throat singers accompanied by a jaw harp. Excursions around the ethnic camp were organized for adults and children, and they could also take part in games in national sports and taste dishes of national cuisine.

    The Days of Culture will include interactive excursions and themed events for schoolchildren and large families. For residents of the Uvatsky District, the festival will also include performances by creative groups, competitions in national sports “Northern All-Around”, master classes in arts and crafts, an exhibition of photographs and works by northern poets and writers. Guests of the festival will also be able to watch the film “Master of the Taiga”, which introduces the unique culture and way of life of the Eastern Khanty. The festival program will end in the Uvatsky District, where 30 families of indigenous peoples live in 11 camps today.

    The assistance of the oil producing company RN-Uvatneftegaz in organizing this and other traditional national holidays helps popularize culture and strengthen ties between families and generations.

    The territory of “Uvas Mir Hot” hosts ritual festivals and cultural events, concerts, interactive excursions, local history and national language lessons, and master classes all year round. To immerse guests in the culture and life of indigenous peoples, the ethnic camp has recreated in detail a Khanty hut, a Nenets tent in summer and winter versions, a storage shed for food, a kitchen with a clay oven, a hunter’s hut, and animal enclosures. Interest in the “House of Northern People” is growing – since the beginning of the year, it has been visited by 14,800 tourists.

    Preservation of the national culture of the indigenous peoples of the North is one of the significant areas of Rosneft’s social policy. The Company’s enterprises implement many social projects in the regions of their operations, develop the infrastructure of northern villages, help reindeer herder families, improve the material and technical base of educational institutions, social and medical facilities in areas of traditional residence.

    RN-Uvatneftegaz, together with the administration of the Uvatsky municipal district, supports representatives of the Khanty, Mansi and Evenki of the Tyumen region, providing comprehensive assistance in preserving their way of life. The company pays for the education of young people in secondary specialized and higher educational institutions, finances participation in competitions in a national sport – oblas (boat) races. Oil workers provide access to winter roads and ice crossings that are built for production needs, organize the distribution of fuel at the fields closest to the camps. The company is also one of the organizers of the annual festival “Wealth of the Uvat Taiga”, which includes a fair of goods of traditional crafts and trades of indigenous peoples living in the Uvatsky district.

    Reference:

    RN-Uvatneftegaz LLC, a subsidiary of Rosneft Oil Company, is conducting exploration and development of a group of fields located in the Uvatsky District of the Tyumen Region and the Khanty-Mansiysk Autonomous Okrug-Yugra. The Uvatsky project includes 19 licensed areas, their total area exceeds 25 thousand square kilometers.

    Department of Information and Advertising of PJSC NK Rosneft October 22, 2024

    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 –

    January 24, 2025
  • MIL-OSI Banking: Governor Ulrik Nødgaard’s presentation at Grisekongres 2024

    Source: Danmarks Nationalbank

    Financial stability and financial risks

    22 October 2024

    Governor Ulrik Nødgaard gave a presentation at Grisekongres 2024 on 22 October. The presentation gave an overview of the Danish economy, geo-economic fragmentation, and the economic situation in the agricultural sector. The main messages were: We expect a soft landing for the Danish economy; there are initial signs of fragmentation in the global economy, and the agricultural sector has generally become more economically robust. (The presentation is in Danish only).


    MIL OSI Global Banks –

    January 24, 2025
  • MIL-OSI United Kingdom: Mayor welcomes updates from Google to combat mobile phone theft

    Source: Mayor of London

    • New Android anti-theft features enhances security for billions of mobile phone users, with a Theft Detection Lock automatically locking the device if someone snatches it and tries to run, bike or drive away.
    • It follows the Mayor and Met Commissioner’s landmark meeting with world-leading mobile phone companies and ongoing partnership work to ‘design out’ mobile phone theft.
    • Android has a new comprehensive set of theft protection features designed to protect users and their data to make the phones less attractive to thieves.
    • The Mayor will continue to work with the global mobile industry on further measures that could put an end to the illegal trade in stolen mobile phones.

    The Mayor of London, Sadiq Khan, has today welcomed the introduction of new technology that will enhance security for Android phones and provide better protection for users, as part of work to ‘design out’ mobile phone crime in the capital and beyond.

    The Mayor visited Google’s London offices to hear about new state-of-the-art AI technology that will make Android mobile phones less attractive to thieves and protect users and their data. The new enhanced security includes automatically locking the screen if the phone is snatched and allowing remote locking of a stolen device.

    These updates are part of an ongoing partnership to ‘design out’ mobile phone robbery, and follow the Mayor and Met Commissioner’s landmark meeting with world-leading mobile phone companies at City Hall in October last year[1], where Sadiq called on them to find the most effective deterrents to combat phone theft.

    New figures show that mobile phone crime is driving the rise in robberies and thefts in the capital with 33 per cent of all robberies last year involving a phone being stolen – equating to more than 11,800 offences. And 69 per cent of all thefts in London last year related to mobile phones.[2]

    The Met is spearheading dedicated and targeted police work to prevent these crimes but the criminal demand for high-value mobile phones continues to grow. 

    Today the Mayor has praised the changes introduced by Google which will enable Android device owners to hide sensitive apps behind a separate PIN-locked area. The new update will also use AI and sensors inside a device to identify when a thief has grabbed and fled with a user’s phone, locking the screen to prevent them accessing it or any data stored on it. The new Remote Lock feature will lock a device using just the phone number should it be lost or stolen, which will help users who cannot remember their Google credentials in the moments after a theft, but still need to secure their personal data.[3]

    The Mayor is urging Londoners to ensure they install the latest Android software updates available and activate these settings to ensure their device is best protected against thieves. The Mayor also continues to work alongside other phone companies, including Apple who have taken action with the new iOS 18 software update making it substantially harder for iPhones to be broken up for parts in the UK and internationally.

    Sadiq will continue to work with the major phone companies to explore if all phones can be disabled following a theft, whether here in the UK or elsewhere in the world. 

    The Mayor of London, Sadiq Khan, said: “The theft of a mobile phone is hugely distressing and we are seeing numbers increase all around the world. While the Met are taking targeted action with patrols in London’s worst hotspots it is far too easy and profitable for criminals to repurpose and sell on expensive stolen phones.

    “Last year I called on mobile companies to do what they can to ensure that their devices are not appealing to thieves, and I’m pleased that Google are introducing these important new security updates.

    “We know there is much more still to be done to tackle this problem, but I am committed to continuing to work with the mobile phone industry and the Met to catch the criminals behind this appalling industry, as we build a safer London for everyone.”

    Katie O’Donovan, Director of Public Policy for Google UK: “Android’s new anti-theft features will give added security for billions of people, including Londoners. We were delighted to welcome the Mayor of London to Google today to demonstrate our commitment to device safety.” 

    Annika Bizon, Director of Marketing, Omnichannel & Head of Ireland – MX Division, Samsung Electronics, said: “At Samsung, we are deeply committed to protecting the security and privacy of our Galaxy users. Working with Google we are giving users complete control over their devices, ensuring their data remains secure even when their device is not physically with them. We are striving to offer an even more secure user experience. Information about additional updates will be shared in the near future.” 

    Claire Waxman OBE, London’s Independent Victims’ Commissioner, said: “Mobile phone crime is an extremely traumatic experience for every victim and has a lasting impact far beyond the loss of personal possession. What’s worse is that it can really heighten victims’ fear of crime and leave them feeling vulnerable as they go about their daily lives.

    “Our lives are on our phones, and they are a form of safety and comfort for people but taking someone’s device robs them of that security and leaves victims worrying about where their private data and information may end up.

    “That’s why I welcome the update from Google today and the introduction of this new technology is a step in the right direction in enhancing security and protection for Android phone users and their data. It is clear though that more improvements need to be made which is why I support the Mayor’s action with the mobile industry to come up with further measures that can make stealing phones less attractive for thieves and put an end to the illegal trade in stolen mobile phones.”

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI: Navatar’s Latest CRM Platform For M&A Helps Investment Banks Leverage Superior Proprietary Intelligence As M&A Deal Activity Increases

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) — The M&A advisory business relies on good intelligence. Bankers must connect a lot of disparate threads of information whether they are pitching, researching buyers, managing sponsors, executing mandates or simply prioritizing their agenda for the week. To do that, bankers must find a way to automatically capture and then connect all of this proprietary information, most of it gathered painstakingly from their network over time.

    The new Navatar platform is designed to capture and harness this intelligence for investment bankers. It uses AI to automatically capture information from all of the firm’s interactions and then consolidates intelligence for each company, person, lead, sponsor, pitch, mandate, sector or even a niche subsector.

    The ability to create a sector/subsector knowledge-base incorporating proprietary intelligence is becoming critical as sector-specific opportunities in technology, energy and life sciences drive deal activity, according to the latest EY M&A Activity Report.

    “Today’s market demands your A-game. Your A-game primarily relies on proprietary intelligence. This intelligence must be collated from all the information your team painstakingly acquires from your network. The new Navatar Platform will synthesize this intelligence to help step up your game,” said Alok Misra, CEO of Navatar.

    For more information on Navatar for M&A advisory, please visit:
    https://www.navatargroup.com/mergers-and-acquisitions-crm-software/

    ABOUT NAVATAR
    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, raises the bar to help dealmakers move beyond efficiency gains and focus on competitive differentiation. Navatar is used by hundreds of firms including private equity funds, M&A boutiques and bulge brackets, fund of funds, multi-asset credit, hedge funds, real estate funds, venture capital firms, corporate development groups, family offices, private placement and other financial services companies.

    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: CW Petroleum Corp (OTCQB: CWPE) Reduces Outstanding Shares by 81.66% Through Share Exchange Transaction

    Source: GlobeNewswire (MIL-OSI)

    Katy, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors it has reduced its Outstanding Shares of Common Stock from 122,445,898 to 22,445,898, an 81.66% reduction.

    Chief Executive Officer, Christopher Williams, has elected to exchange his 100,000,000 restricted shares of Common Stock for 1,000,000 shares of Series A Preferred Stock to reflect Mr. Williams’ previous ownership in 2022. The original share exchange occurred on June 14, 2022, and was effectuated due to a potential capital raise and up list to Nasdaq in 2023, which did not occur.

    6.14.2022 – Form 1-U
    2.10.2023 – Form 1-U

    Mr. Williams commented, “We are committed to growing the Company and providing shareholder value. This share exchange will help place the Company in a better share structure, allowing greater access to growth capital and greater market liquidity for its common stock in the open market. Company revenues for the nine months ended September 30, 2024 were $6.27MM”.

    Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

    CWPE Overview
    CWPE Security Detail
    CWPE Financials
    CWPE News
    CWPE Disclosures

    SEC Filings

    For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com, or call 281-817-8099

    About CW Petroleum Corp

    CW Petroleum Corp was incorporated in the State of Texas on April 29, 2005, and began operations in 2011. On April 14, 2018, CW Petroleum Corp was incorporated in the State of Wyoming. On April 15, 2018, the Texas corporation became a wholly-owned subsidiary of the Company through a share exchange. CW Petroleum Corp (Wyoming) is a holding company and through our wholly-owned subsidiary, we supply and distribute biodiesel, biodiesel blends, ultra-low sulfur diesel, gasoline blends, renewable gasoline, and a proprietary EPA-approved reformulated no ethanol gasoline to distributors, convenience stores, and marinas.

    Forward-Looking Statements

    Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

    No Offer or Solicitation

    This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Marex Group Plc to Announce Third Quarter 2024 Earnings on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Marex Group plc (NASDAQ: MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the “Investors” section of the Marex website at https://ir.marex.com/.

    A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e

    About Marex:

    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. Enabling access to 58 exchanges, the Group provides coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging, and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, serving over 4,000 active clients and executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds, and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Keiretsu Forum’s Last Call for the 2024 Investor Capital Expo

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, Oct. 22, 2024 (GLOBE NEWSWIRE) — The 12th Annual Investor Capital Expo, hosted by Keiretsu Forum Mid-Atlantic, South-East, and Texas, will take place on October 31, 2024, at Convene City View in Philadelphia. This signature event connects accredited investors, venture capitalists, and entrepreneurs for a day of networking, insights, and presentations from promising early-stage companies. Registration is still open, and this is the final opportunity to secure your spot.

    Event Highlights:

    Exclusive Presentations from Emerging Companies:

    Attendees will have the opportunity to see 10-12 presentations from early-stage companies that are making significant strides in their industries and actively seeking funding. Each presenting company has undergone the comprehensive Keiretsu Due Diligence process, ensuring they are well-prepared and investment-ready.

    Expert Panel on Early-Stage Investing:

    The Expo will feature a distinguished panel of legal and investment experts who will address essential issues impacting early-stage investors in 2024. Discussions will include regulatory changes, strategic investment approaches, and tax considerations that can affect portfolio decisions. Attendees will gain practical insights to navigate the evolving investment landscape and make informed decisions.

    Stephen M. Goodman Most Valued Company Award:

    A highlight of the event will be the presentation of the prestigious Stephen M. Goodman Most Valued Company Award, sponsored by Morgan, Lewis & Bockius. This award honors the legacy of Steve Goodman, a trailblazer who supported innovation and growth in emerging businesses across the Mid-Atlantic region. Accredited investors attending the Expo, both in-person and online, will vote to select this year’s winner from a select group of Series A-B Round companies.

    Vote Integrity Sponsored by Votegrity:

    Again this year, Votegrity will manage the tabulation of votes from our investors, ensuring a secure and accurate selection process for the Stephen M. Goodman Most Valued Company Award.

    Networking Opportunities:

    The Expo will bring together over 200 accredited investors, providing a unique chance to connect directly with entrepreneurs from diverse sectors, including technology, life sciences, and finance. Investors can expand their networks, share insights, and discover new opportunities in a collaborative environment.

    Don’t Miss Out – Register Today:

    With limited time remaining, interested participants are encouraged to register now to take advantage of this opportunity to engage with industry leaders and explore vetted investment opportunities.

    Register Here

    About Keiretsu Forum Mid-Atlantic, South-East and Texas

    Keiretsu Forum Mid-Atlantic, South-East, and Texas are part of a global network of angel investors dedicated to fostering collaboration, innovation, and funding opportunities for early-stage companies. Since its inception, the Investor Capital Expo has become a premier event for bringing together investors and entrepreneurs, facilitating essential connections, and supporting the growth of the startup ecosystem.

    Media Contact:

    Cindi Sutera
    CindiS@AMSCommunications.net
    610-613-2773

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Abaxx Announces C$2.795 million Strategic Financing

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE CA:ABXX) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, is pleased to announce that it anticipates entering into a binding agreement with a strategic investor, pursuant to which the investor has agreed to purchase 215,000 common shares (the “Shares”) of the Company at a price of CAD$13.00 per common share for aggregate gross proceeds of C$2,795,000 on a private placement basis (the “Financing”).

    The proceeds of the Financing are expected to be used for general corporate and working capital requirements, including to fund ongoing operations and/or working capital and minimum regulatory requirements for Abaxx Exchange and Abaxx Clearing. No finder’s fees or commissions were paid in connection with the Financing. The parties must enter into a binding subscription agreement to complete the Financing which is expected to close as soon as reasonably practicable and is subject to final acceptance of Cboe Canada.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities issuable under the Financing have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold to or for the account or benefit of persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    About Abaxx Technologies
    Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is a majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by the Monetary Authority of Singapore as “recognized market operator” and “approved clearinghouse”, respectively.

    Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

    For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

    For more information about this press release, please contact:

    Steve Fray, CFO
    Tel: 647-490-1590

    Media and investor inquiries:

    Abaxx Technologies Inc.
    Investor Relations Team
    Tel: +1 647 490 1590
    E-mail: ir@abaxx.tech

    Cautionary Statement Regarding Forward-Looking Information

    This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.

    Forward-looking information related to Abaxx in this press release includes but is not limited to, Abaxx’s objectives, goals or future plans, the anticipated closing and timing of closing of the Financing, regulatory approvals in connection with the Financing and intended use of proceeds from the Financing. Such factors impacting forward-looking information include, among others: the ability to enter into a binding subscription agreement and completion of the Financing on the terms as announced or at all; risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

    Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

    The MIL Network –

    January 24, 2025
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