Category: India

  • MIL-OSI Asia-Pac: Curtain Raiser: India Steel 2025

    Source: Government of India

    Curtain Raiser: India Steel 2025

    “India set to host the largest international steel event in Mumbai from April 24–26, 2025”

    Hon’ble Prime Minister to inaugurate the flagship event of Steel Industry

    Posted On: 17 APR 2025 3:14PM by PIB Delhi

    The India Steel 2025 is set to take place from *24 April to 26 April, 2025*, at the Bombay Exhibition Centre in Mumbai. This 6th edition of the biennial international exhibition and conference will bring together leading stakeholders from across the global steel value chain to discuss the future trajectory of the sector, with a sharp focus on growth, sustainability, resilience, and innovation.

    India is on a trajectory to achieve a production capacity of 300 million tonnes and a per capita consumption of 160 kg by 2030, in line with the National Steel Policy.  Keeping in view this  ambitious growth in the steel sector, the conference is being organised to unlock new opportunities for inter-state and international collaboration, facilitate knowledge exchange, and showcase India’s policy reforms and infrastructure initiatives aimed at enhancing the ease of doing business across the steel value chain.

    The Hon’ble Prime Minister of India will address  the premier Steel Industry event of the country  on 24th April 2025 through Video conferencing , in the esteemed presence of dignitaries including  Hon’ble Minister of Steel and Heavy Industries Shri H. D. Kumaraswamy, Hon’ble Minister of State for Steel and Heavy Industries Shri Bhupathi Raju Srinivasa Varma, Hon’ble Chief Minister of Maharashtra Shri Devendra Phadnavis  and Hon’ble Chief Minister of Chattisgarh Shri Vishu Deo Sai. 

    The conference will see presence of high-level participation from various Central Ministries and States including Chief Ministers and Union Ministers indicating the critical importance of Steel as an important clog in the wheel of Atmanirbhar Bharat.  Among those who will grace the program with their presence include Union Ministers, Hon’ble Minister of Steel and Heavy Industries Shri H. D. Kumaraswamy, Minister of Commerce and Industry Shri Piyush Goyal, Hon’ble Minister of Railways Shri. Ashwini Vaishnaw, Hon’ble Minister of New & Renewable Energy and Consumer Affairs Shri Pralhad Venkatesh Joshi, Hon’ble Minister of Mines Shri G. Kishan Reddy , Hon’ble Minister of State for Steel and Heavy Industries Shri Bhupathi Raju Srinivasa Varma,  Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, Hon’ble Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai  and Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi.  They  will preside over key sessions of the conference, reflecting the multi-sectoral relevance of steel in India’s economic and industrial strategy.

    Senior officials of the Government of India, including Secretary, Ministry of Electronics and Information Technology (MeitY), Secretary, Ministry of Steel and Secretary, Ministry of Coal will also chair key sessions during the event.

     The event will also have a presence of global Industry leaders and senior Foreign dignitaries leading  high-level  delegations, including the Deputy Minister of Industry and Trade of the Russian Federation, Ambassadors of Australia, Mozambique, and Mongolia, reflecting the deepening international engagement and strategic cooperation in the steel sector.

    Key highlights of the International Conference-cum-Exhibition includes:

    – Exhibition and Innovation Showcase: Displaying cutting-edge technologies and advancements in the steel industry.

    – Roundtable Conferences: Discussions on sector-specific topics, international collaboration, and emerging trends including CEOs roundtable and Sectoral roundtables.

    – Reverse Buyer-Seller Meet (RBSM): Facilitating trade opportunities and fostering new business engagements.

    – International Engagement: Country specific sessions involving key steel-producing nations, including the South Korea, Sweden, Australia, and Mongolia. These discussions will explore joint research, technology transfer, and resilient supply chains to de-risk India’s steel production and drive global competitiveness.

    The event will also focus on themes like augmenting domestic consumption, showcasing futuristic steel applications, and fostering global partnerships

    With more than 12,000 business visitors, 250 exhibitors, and 1,200 conference delegates representing various sectors, Government departments, State Governments, country delegations, and domestic and international buyers from India and abroad, the conference would be one of the biggest Steel event globally.

    *********

    TPJ/NJ

    (Release ID: 2122393) Visitor Counter : 36

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Technology Development Board-Department of Science and Technology (TDB-DST) supports M/s dvipa Defence India Pvt. Ltd. in Strengthening India’s Small Arms Manufacturing Ecosystem”

    Source: Government of India

    Technology Development Board-Department of Science and Technology (TDB-DST) supports M/s dvipa Defence India Pvt. Ltd. in Strengthening India’s Small Arms Manufacturing Ecosystem”

    TDB-DST backs Homegrown Innovation: dvipa’s UGRAM Rifle Marks a New Era in Indian Small Arms Manufacturing”

    Posted On: 17 APR 2025 2:45PM by PIB Delhi

    The Ministry of Science and Technology, through the Technology Development Board (TDB), has taken a pivotal step toward indigenizing India’s small arms manufacturing capability by extending financial assistance to M/s dvipa Defence India Pvt. Ltd., Hyderabad (erstwhile M/s dvipa Armour Pvt. Ltd.). The project, titled “Development and Commercialization of 7.62 mm x 51 mm Assault Rifles,” aims to produce high-performance, indigenous assault rifles in alignment with the Indian Army’s General Staff Qualitative Requirements (GSQR).

    TDB’s assistance will play a crucial role in enabling the development, testing, and commercialization of the UGRAM rifle, including the creation of a state-of-the-art in-house manufacturing unit with integrated quality assurance and testing infrastructure.

    For decades, India has depended heavily on imported small arms, resulting in substantial foreign exchange outflows and interoperability challenges across armed forces, thereby complicating training and logistics. The ageing INSAS rifles, once developed through earlier collaborations, are increasingly viewed as inadequate for modern combat needs. In 2017, the Government initiated a policy shift to replace these with advanced, reliable rifles chambered in 7.62 mm x 51 mm NATO-grade ammunition.

    In response to this national need, dvipa Defence, incorporated in October 2018, emerged as a strong domestic player in the defence manufacturing sector. As one of the early license holders for small arms and ammunition production, the company partnered with DRDO’s Armament Research & Development Establishment (ARDE), Pune, to develop a fully indigenous assault rifle, UGRAM – Sanskrit for “ferocious.” Demonstrating exceptional execution, five prototypes were developed within 100 days and successfully passed initial testing at ARDE.

    UGRAM: A Modern, Indigenous Combat-Ready Assault Rifle

    UGRAM is a modular, ergonomically designed 7.62 mm x 51 mm assault rifle, tailored for counter-insurgency (CI) and counter-terror (CT) operations by armed forces, paramilitary units, and special forces. It incorporates several advanced features:

    • Indigenous Development:
      • 100% design, material selection, manufacturing, and testing conducted domestically and approved by ARDE, DRDO.
    • Key Features:
      • Long-stroke piston mechanism for enhanced reliability.
      • High-strength steel used in all pressure-bearing parts.
      • High-grade nylon-based handguard, pistol grip, and buttstock.
      • Ambidextrous magazine release and ergonomic, side-mounted cocking handle.

    Speaking on the occasion, Sh. Rajesh Kumar Pathak, Secretary, TDB, said,
    “TDB’s support to dvipa Defence underscores our commitment to indigenizing critical defence technologies under ‘Make in India’ and ‘Atmanirbhar Bharat’. This project not only strengthens self-reliance but also paves the way for import substitution and future exports through trusted strategic partnerships.”

    Commenting on TDB’s support, Founders of M/s dvipa Defence India Pvt. Ltd. said,
    “We are proud to contribute to India’s strategic autonomy by building world-class defence products from Indian soil. The support from TDB strengthens our resolve to manufacture for the forces, by the forces, in India.”

    ********

    NKR/PSM

    (Release ID: 2122388) Visitor Counter : 28

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Minister of Jal Shakti Shri C. R. Patil reviews key Projects of Wildlife Institute of India under the aegis of National Mission for Clean Ganga

    Source: Government of India

    Union Minister of Jal Shakti Shri C. R. Patil reviews key Projects of Wildlife Institute of India under the aegis of National Mission for Clean Ganga

    Shri C. R. Patil launches a Digital Platform to Boost Freshwater Biodiversity Conservation

    Union Minister lauds the commendable work being carried out by the National Mission for Clean Ganga and Wildlife Institute of India

    MoJS releases a series of knowledge products developed under the initiatives

    Posted On: 17 APR 2025 2:37PM by PIB Delhi

    Union Minister of Jal Shakti, Shri C. R. Patil, chaired a review meeting of various projects implemented by the Wildlife Institute of India (WII) and supported by the Ministry of Jal Shakti in New Delhi. The meeting was attended by senior officials from the Ministry and WII.

    The union Minister expressed his appreciation for the commendable work being carried out by the National Mission for Clean Ganga (NMCG) and WII in restoring aquatic biodiversity, improving river health, building local capacities, and engaging communities in conservation. He acknowledged the impact of extensive outreach and capacity-building programs conducted across the basin and highlighted the role of WII in mass awareness initiatives, particularly those involving Ganga Praharis. Additionally, he suggested organizing a Ganga Prahari Conclave to strengthen continued engagement with volunteers and advised exploring new conservation initiatives focused on the Mugger crocodile in the rivers.

    During the event, Shri C. R. Patil also released a series of knowledge products developed under these initiatives. These included Hydrophytes: Green Lungs of Ganga Volumes I & II and Protocols for Collection, Storage and Transportation of Biological Samples of Freshwater Macrofauna. These publications represent the strong scientific foundation and practical relevance of the Ministry’s biodiversity conservation efforts.

    It emerged in the review that a structured and multidisciplinary conservation plan was initiated by WII under the aegis of NMCG. The core aim of the project was to establish a science-based aquatic species conservation strategy for the Ganga River through a six-pronged approach: creating a dedicated conservation monitoring center, planning aquatic species restoration, building institutional capacity, establishing rescue and rehabilitation centers, initiating community-based conservation programs, and spreading education on biodiversity conservation.

    A key highlight of the meeting was the launch of an important digital platform –information dashboard www.rivres.in, developed under the Ministry of Jal Shakti and WII. The dashboard – part of the Ganga Aqualife Conservation Monitoring Centre/National Centre for River Research – serves as a comprehensive digital hub offering ecological insights, conservation case studies, and information on physiography, biodiversity, and community engagement activities across major Indian rivers, including the Ganga, Barak, Mahanadi, Narmada, Godavari, Cauvery, and Pamba.

    Community engagement has been a cornerstone of this conservation model. Thousands of stakeholders—including forest officers, veterinarians, schoolteachers, NSS volunteers, and local communities—have been trained through over 130 capacity-building programs. More than 5,000 Ganga Praharis, many of them women, have been mobilized to act as frontline conservation volunteers. Their involvement has enhanced biodiversity monitoring, supported rescue operations, and strengthened local stewardship.

    A massive river survey, covering over 12,000 kilometers across 22 rivers, was conducted using advanced technologies like GPS-enabled data collection, SONAR-based depth profiling, and ecological monitoring apps. Project Dolphin was launched, aiming to conserve dolphins and their habitat while supporting local livelihoods through eco-tourism and other initiatives.

    The review concluded with a vote of thanks and a renewed commitment to advance data-driven, inclusive, and sustainable freshwater ecosystem conservation efforts through the continued partnership between the Ministry of Jal Shakti and the Wildlife Institute of India.

    ***

    Dhanya Sanal K

    (Release ID: 2122386) Visitor Counter : 69

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union MoS for Health & Family Welfare Shri Prataprao Jadhav inaugurates FSSAI’s National Stakeholder Consultation on Sustainable Packaging

    Source: Government of India

    Union MoS for Health & Family Welfare Shri Prataprao Jadhav inaugurates FSSAI’s National Stakeholder Consultation on Sustainable Packaging

    Significance of eco-friendly packaging solutions highlighted

    India has the Potential to lead the world towards sustainability: Shri Jadhav

    “What we need today is a shift towards alternatives that are sustainable, recyclable, and biodegradable”

    Over 1500 stakeholders representing food businesses, packaging industries, recycling associations, regulatory bodies, environmental organizations, consumer groups, farmer groups, government departments participated in the consultation to deliberate on the future of sustainable food packaging in India

    Posted On: 17 APR 2025 10:38AM by PIB Delhi

    Union Minister of State for Health and Family Welfare, Shri Prataprao Ganpatrao Jadhav, inaugurated a National Stakeholder Consultation on “Sustainable Packaging for Food Business: Emerging Global Trends and Regulatory Framework” organized by the Food Safety and Standards Authority of India (FSSAI) at Mumbai on 16th April 2025.

     

    In his address, Shri Jadhav highlighted the growing importance of sustainable packaging of food items. He announced that the guidelines for the use of rPET in packaging have been prepared by FSSAI after extensive consultations with all stakeholders and in line with the best global practices. He also mentioned that a logo has been developed for easy identification and to benefit consumers of food products.

     

    Addressing the gathering, Shri Jadhav stated that “shifting towards sustainable methods of packaging is the need of the hour.” He stressed that the usage of plastic is a growing concern globally, as it stays undecomposed in the environment for years having detrimental consequences. “What we need today is a shift towards alternatives that are sustainable, recyclable, and biodegradable”, he further stated.

    Hailing India’s age-old traditional methods, Shri Jadhav also emphasized the need to connect the ancient ecological practices to modern techniques to ensure sustainability stating that “India has the potential to lead the world in this direction.”

    He also appreciated the efforts of Ministry of Health and Family Welfare and FSSAI for providing an important platform in the form of National Stakeholders Consultation to deliberate upon crucial issues that affect the health and wellbeing of the country.

    The Minister of State also held an informal open consultation session with stakeholders, providing them an opportunity to share their challenges and discuss future avenues for improvement and growth. The consultation brought together over 1500 stakeholders representing food businesses, packaging industries, recycling associations, regulatory bodies, environmental organizations, consumer groups, farmer groups, government departments to deliberate on the future of sustainable food packaging in India.

     

    The consultation was part of an ongoing series of national-level stakeholder discussions aimed at holding critical deliberations on critical issues that requires multi-stakeholder engagement.  Under the aegis of Ministry of Health and Family Welfare, FSSAI has launched this pivotal initiative to convene such National Stakeholder Consultations to foster greater inclusivity, transparency, and evidence-based policymaking in the formulation of food safety regulations. By actively engaging with industry, academia, consumer groups, farmer groups and regulatory bodies, FSSAI seeks to incorporate sector-specific perspectives and ground-level insights into its regulatory framework, ensuring that policies are both practical and aligned with public health priorities.

    The consultation featured a Technical Session wherein Chairperson of FSSAI’s Scientific Panel on Packaging presented on the detailed scientific basis, risk assessment principles, transparent consultative approach employed by FSSAI while framing robust scientific standards.

    Representatives from BIS talked about the Global and Indian standards on food packaging and the overview of the existing IS standards for packaging materials. The Central Pollution Control Board (CPCB) shared about the role that CPCB plays in driving sustainable practices through Extended Producer Responsibility (EPR) under Plastic Waste Management Rules. Representatives from Industry presented innovative approaches being adopted to develop eco-friendly, lightweight, and recyclable packaging solutions tailored for food and beverage products, importance of plastic waste recovery and recycling to support circular economy and Consumer concerns and expectations towards sustainable food packaging.

     

    The session concluded with a technical debrief by Dr. Alka Rao, Advisor (Science & Standards and Regulations), wherein she emphasized the importance of stakeholder collaboration in advancing sustainable packaging solutions that align with food safety standards and support India’s broader environmental goals.

     

    ****

    MV

    HFW/MoS inaugurates FSSAI’s National Stakeholder Consultation on Sustainable Packaging   /17April 2025/1

    (Release ID: 2122326) Visitor Counter : 53

    MIL OSI Asia Pacific News

  • MIL-OSI Global: Birkin vs Wirkin: the backlash against the global elite and their luxury bags – podcast

    Source: The Conversation – UK – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    Tony Neil Thompson/Shutterstock

    The Birkin bag made by French luxury retailer Hermès has become a status symbol for the global elite. Notoriously difficult to obtain, the world’s rich obsess over how to get their hands on one.

    But when US retailer Walmart recently launched a much cheaper bag that looked very similar to the Birkin, nicknamed a “Wirkin” by others, it sparked discussions about wealth disparity and the ethics of conspicuous consumption.

    In this episode of The Conversation Weekly podcast, we speak to two sociologists about the Birkin and what it symbolises.

    For the rich housewives of Delhi, the Birkin bag is a must have, says Parul Bhandari. A sociologist at the University of Cambridge in the UK, she’s spent time interviewing wealthy Indian women about their lives and preoccupations. She told us:

     A bag that is carried by rich women of New York, of London, of Paris, is something that you desire as well, so it’s a ticket of entry into the global elite.

    Birkins are also used by some of these rich women as a way to show off their husband’s affection, Bhandari says: “ Not only from the point of view of money, because obviously this bag is extremely expensive, but also because it is difficult to procure.” The harder your husband tries to help you get the bag, the more getting one is a testimony of conjugal love.

    Manufactured scarcity

    Named after the British actress Jane Birkin, Hermès’s signature bag can cost tens of thousands of dollars, or more on the resale market for those made in rare colours or out of rare leathers. But you can’t just walk into any Hermès store to buy one, as Aarushi Bhandari, a sociologist at Davidson College in the US who studies the internet – and is no relation to Parul – explains.

    You need to have a record of spending tens of thousands of dollars even before you’re offered to buy one. But spending that money doesn’t automatically mean you get a bag. You have to develop a relationship with a sales associate at a particular Hermès store and the sales associate really gets to decide, if there’s availability, whether or not you get offered a bag.

    Bhandari became intrigued by online communities where people discuss the best strategies for obtaining an Hermès. So when US retailer Walmart launched a bag in late 2024 that looked very similar to a Birkin, and the internet went wild, Bhandari was fascinated.

    She began to see posts on TikTok discussing the bag. First it was fashion accounts talking it up, but then a backlash began, with some users criticising those who would spend thousands on a real Birkin and praising the “Wirkin” as a way to make an iconic design accessible to regular people. Bhandari sees this as an example of an accelerating form of anti-elitism taking hold within parts of online culture.

    In February, the chief executive of Hermès, Axel Dumas, admitted that he was “irritated” by the Walmart bag and that the company took counterfeiting “very seriously”.

    The Walmart bag quickly sold out and no more were put on sale. It has since entered into a partnership with a secondhand luxury resale platform called Rebag, meaning customers can buy real Birkins secondhand through Walmart’s online marketplace.

    The Conversation approached Hermès for comment on the Walmart bag, and to confirm how the company decides who is eligible to buy a Birkin. Hermès did not respond.

    Listen to the full episode of The Conversation Weekly podcast to hear our conversation with Parul Bhandari and Aarushi Bhandari, plus an introduction from Nick Lehr, arts and culture editor at The Conversation in the US.


    This episode of The Conversation Weekly was written and produced by Katie Flood. Mixing and sound design by Eloise Stevens and theme music by Neeta Sarl.

    TikTok clips in this episode from babydoll2184, chronicallychaotic and pamelawurstvetrini.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here.

    Parul Bhandari and Aarushi Bhandari do 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. Birkin vs Wirkin: the backlash against the global elite and their luxury bags – podcast – https://theconversation.com/birkin-vs-wirkin-the-backlash-against-the-global-elite-and-their-luxury-bags-podcast-254723

    MIL OSI – Global Reports

  • MIL-OSI Economics: Result of OMO Purchase auction held on April 17, 2025, and Settlement on April 21, 2025

    Source: Reserve Bank of India

    I. Summary OMO Purchase Results

    Aggregate Amount (Face value) notified by RBI : ₹40,000 crore
    Total amount offered (Face value) by participants : ₹81,015 crore
    Total amount accepted (Face value) by RBI : ₹40,000 crore

    II. Details of OMO Purchase Issue

    Security 7.37% GS 2028 7.32% GS 2030 6.54% GS 2032 7.18% GS 2033 7.54% GS 2036 7.23% GS 2039
    No. of offers received 36 47 66 75 58 74
    Total amount (face value) offered (₹ in crore) 7,971 9,405 19,908 10,263 9,421 24,047
    No. of offers accepted 34 39 18 44 12 3
    Total offer amount (face value) accepted by RBI (₹ in crore) 7,421 7,922 14,603 4,085 1,919 4,050
    Cut off yield (%) 6.0698 6.2031 6.3566 6.4100 6.5487 6.5951
    Cut off price (₹) 104.05 105.18 100.98 104.89 107.72 105.74
    Weighted average yield (%) 6.1137 6.2470 6.3639 6.4436 6.5536 6.5983
    Weighted average price (₹) 103.91 104.97 100.94 104.67 107.68 105.71
    Partial allotment % of competitive offers at cut off price NA 54.23 NA NA NA NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/126

    MIL OSI Economics

  • MIL-OSI China: Think Asia Forum 2025 presents Asian wisdom

    Source: China State Council Information Office

    The Think Asia Forum 2025 was held on April 15 in Singapore with a strong critique of U.S. trade policies and calls for greater Asian cooperation, as over 40 experts from across the region gathered to address global governance challenges.

    Cao Zhongming, Chinese ambassador to Singapore, delivers the opening address for the Think Asia Forum 2025 in Singapore, April 15, 2025. [Photo courtesy of ACCWS]

    Cao Zhongming, the Chinese ambassador to Singapore, delivered a pointed opening address, condemning the recent U.S. tariff war against the world. “The reckless abuse of tariffs has severely violated legitimate rights of nations, undermined the rules-based multilateral trading system and disrupted the global economic order,” he told attendees. “Such unilateral and protectionist acts weaponize tariffs for selfish gains at the expense of global economic stability and Asian development.”

    Ambassador Cao positioned China as a defender of multilateralism, stating: “China will continue taking resolute measures to safeguard its sovereignty, security and development interests while opening its doors wider to the world.” He urged Asian nations to unite against protectionism and economic bullying, and strengthen cooperation to safeguard the stability of the global economic order, emphasizing that “development is a universal right of all nations, not the privilege of a select few.”

    The forum was co-sponsored by China International Communications Group (CICG), Tsinghua University and Nanyang Technological University (NTU) Singapore. Organizers included the Academy of Contemporary China and World Studies (ACCWS), Tsinghua University’s School of Journalism and Communication, the Center for International Security and Strategy, and the Institute for Global Industry, as well as NTU’s Wee Kim Wee School of Communication and Information.

    Think tank experts and scholars from China, Singapore, Japan, India and other Asian nations gave speeches and engaged in in-depth discussions in front of approximately 200 audience members. The opening remarks were moderated by Zhou Qing’an, dean of Tsinghua’s School of Journalism and Communication, while the keynote speeches and special dialogue sessions were moderated by Wang Xiaohui, editor-in-chief of China.org.cn and special research fellow at ACCWS.

    President of Tsinghua University Li Luming highlighted Asia’s cultural ties as foundational for cooperation, stating, “Our civilizations provide enduring wisdom to address today’s challenges.”

    Yu Yunquan, vice president of CICG and president of ACCWS, speaks at the Think Asia Forum 2025 in Singapore, April 15, 2025. [Photo courtesy of ACCWS]

    Yu Yunquan, vice president of CICG and president of ACCWS, observed that Asia and the world face growing instabilities and uncertainties. “The intensification of major-country competition and geopolitical tensions has raised widespread concerns,” he noted. Yu added that think tanks across Asia bear unique and critical responsibilities in advancing the region’s shared future, and can help regional countries enhance political mutual trust and align their interests.

    “The U.S.’s recent erratic ‘tariff extortion’ demonstrates how instability, uncertainty and unpredictability have become the norm in our turbulent world. Such volatility is eroding the stable environment essential for all nations’ development and harming the welfare of people worldwide — including Americans,” Yu said, noting that Asia is home to many developing countries and emerging economies, with export-oriented industries that are particularly vulnerable to deteriorating international trade conditions. “We urge Asian nations to unite in supporting multilateralism and global trade development, ensuring our region remains both an anchor of stability and an engine of growth.”

    Professor Ernst J. Kuipers, vice president of NTU Singapore, emphasized that higher education institutions serve as guardians of human civilization and carry a critical responsibility to advance global development amid today’s challenges and opportunities. “Science communication is essential to dispel misconceptions and cultivate rational consensus,” he said. 

    Zhu Guangyao, former Chinese vice minister of finance, warned of serious global challenges — from weakened multilateralism and climate setbacks to unregulated AI and rising geopolitical tensions. He called on Asian nations to build a shared future, promoting peace and cooperation to stabilize the region and support global development. Citing Asia’s economic strength, Zhu urged the region to uphold values of “peace, cooperation, openness and inclusiveness” to strengthen solidarity and institutional development while advancing trade, financial ties, regional free trade processes, digital economy collaboration and financial safety mechanisms to meet common challenges and drive inclusive growth.

    Former Minister of State for the Prime Minister’s Office in Singapore Chan Soo Sen emphasized that amid global turbulence, Asian nations should draw upon traditional Asian wisdom — beginning with self-reflection and internal consolidation to build collective resilience. For Singapore, he said, facing risks of constrained international trade, it must strengthen social cohesion and government credibility to bridge potential divides and safeguard diversity and coexistence. He highlighted how Asia’s cultural emphasis on neighborly relations and cooperative spirit should guide enhanced regional collaboration to navigate an uncertain future together.

    Alfred Schipke, director of the East Asian Institute at the National University of Singapore (NUS), believes Asia can become a key growth engine through deeper reforms and fewer barriers. With the rise of multipolarization, Asia should take on a larger role in trade, investment and financial cooperation, he explained, while countries must pursue stability through pragmatic partnerships to help reshape global governance.

    (Left to right) Wang Xiaohui, editor-in-chief of China.org.cn, moderates a special dialogue session between renowned historian Wang Gungwu, and Dong Qiang, dean of Yenching Academy at Peking University, at the Think Asia Forum 2025 in Singapore, April 15, 2025. [Photo courtesy of ACCWS]

    A highlight of the forum was the special dialogue between Wang Gungwu, renowned historian and former chairman of the East Asian Institute at NUS, and Dong Qiang, dean of Yenching Academy at Peking University, which explored how Asian wisdom can inform global governance. 

    Wang emphasized its openness and adaptability — absorbing new ideas, respecting diverse civilizations and rejecting extremism. Meanwhile, Dong noted that traditional wisdom can be reshaped into modern governance tools, with its strength lying in flexibility and responsiveness. Both agreed that Asian wisdom, rooted in openness and mutual respect, should contribute the strength of cultural civilization to the development of a more equitable global governance system.

    Tuesday’s three parallel sessions featuring other speakers addressed themes of “Exchanges and Mutual Learning: The Coexistence of Diverse Asian Civilizations,” “Security and Stability: Asia’s Future in a Changing World” and “Development and Sharing: Asian Wisdom for Global Recovery,” reflecting the region’s push for greater collective influence amid global uncertainties.

    Participants attending the Think Asia Forum 2025 in Singapore, April 15, 2025. [Photo courtesy of ACCWS]

    The forum concluded by launching a cooperation network of Asian think tanks, with ACCWS serving as secretariat to coordinate input from all parties and promote the network’s development.

    MIL OSI China News

  • MIL-OSI Economics: Open Market Operation (OMO) – Purchase of Government of India Securities held on April 17, 2025: Cut-Offs

    Source: Reserve Bank of India

    Security 7.37% GS 2028 7.32% GS 2030 6.54% GS 2032 7.18% GS 2033 7.54% GS 2036 7.23% GS 2039
    Total amount notified Aggregate amount of ₹40,000 crore
    (no security-wise notified amount)
    Total amount (face value) accepted by RBI (₹ in crore) 7,421 7,922 14,603 4,085 1,919 4,050
    Cut off yield (%) 6.0698 6.2031 6.3566 6.4100 6.5487 6.5951
    Cut off price (₹) 104.05 105.18 100.98 104.89 107.72 105.74
    Detailed results will be issued shortly

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/124

    MIL OSI Economics

  • MIL-OSI China: Comedy stars discuss challenges, impact at Macao intl comedy fest

    Source: China State Council Information Office 3

    The second Macao International Comedy Festival convened top comedy creators for two major forums and a series of events to discuss the challenges of making comedy and its broader cultural significance.

    Comedians, organizers and guests pose at the closing forum of the second Macao International Comedy Festival in Hengqin, Guangdong province, April 13, 2025. [Photo courtesy of Mahua Fun Age]

    A closing forum was held on April 13 in Hengqin, a district of Zhuhai in Guangdong province that borders Macao, marking the festival’s high point. Events for the comedy festival were held in both Hengqin and Macao.

    Han Mei, CEO of Mahua Fun Age and a co-organizer of the festival, said the event’s five days brought not only laughter but also a deeper connection across cultures. “Comedy doesn’t just make us laugh — it makes us reflect, resonate and even brings us to tears,” she said. “This reminds us how comedy can transcend cultural and geographic boundaries, and how talent drives the sustainable growth of the cultural industry.”

    Han said the festival will continue providing an open, accessible platform rich in resources to support more comedians, especially young women, in pursuing creative ambitions and innovation.

    Laughter as remedy

    The closing forum, themed “Laughter as the Remedy,” featured Chinese comedy stars Shen Teng and Ma Li, Bollywood actor Aamir Khan and Hollywood screenwriter Peter Chiarelli in a discussion on the challenges of comedy creation.

    Aamir Khan, Shen Teng, Ma Li and Peter Chiarelli attend the closing forum of the second Macao International Comedy Festival in Hengqin, Guangdong province, April 13, 2025. [Photo courtesy of Mahua Fun Age]

    “Creating comedy is a serious undertaking, and the process is immensely challenging,” Shen said. “Comedy has such a long history that audiences have seen almost everything. The impact of short-form videos on long-form content has also been tremendous. Nowadays, attempting to innovate story structures or develop comedic characters that feel original to viewers is as difficult as scaling the heavens.”

    “Comedy needs to build on the foundation of tragedy — making people not only relate and cry, but also laugh,” Ma said. Her longtime partner Shen agreed, adding that quality comedy requires an emotional core and skills from other genres. “To perform comedy well, you have to master different dramatic styles first, which makes the challenge even greater,” he said.

    Khan said comedy requires something unique: precise timing. “Half a second earlier or later, and the punchline may not be effective. Timing is of the essence,” he said. “That’s what differentiates comedy from other genres.”

    The Indian actor also emphasized that even a big laugh should be cut if it doesn’t serve the film’s overall narrative. “You have to keep in mind the overall impact of what you’re trying to say,” he added.

    Chiarelli said comedy draws him in because it allows him to mask earnestness with humor while tackling serious topics. He enjoys guiding audiences to new perspectives, often by subtly drawing them into engagement. He cited his script for the film “Crazy Rich Asians” as an example of making an unfamiliar subject compelling to viewers.

    During the forum, Shen also emphasized the urgent need to nurture young comedic talent and praised the festival as a valuable platform for emerging comedians.

    “Developing the next generation of comedians is both meaningful and pressing,” he said. “True comedy requires innate talent — you must be born with a sense of humor to excel as a comedic actor. This alone disqualifies many performers. Some may have acting talent, but that doesn’t necessarily make them good comedians.”

    The power of women in comedy

    At the “Her Way” forum in Macao on April 12, Ma and Hong Kong filmmaker Andrew Lau discussed women’s roles in comedy.

    Ma Li and Andrew Lau participate in the “Her Way” forum at the second Macao International Comedy Festival in Macao, April 12, 2025. [Photo courtesy of Mahua Fun Age]

    Ma said she remains passionate about comedy but is keenly aware of the limited number of women in the field. “I once wanted to tear off the label of ‘comedic actress’ — it felt so difficult because comedy rarely earns proper recognition, especially for women,” she said. She explained that female comedians often feel isolated, frequently have their ideas rejected and face a host of unspoken requirements and expectations.

    “I consider myself lucky to have finally met directors and teams who truly understand me and my artistic vision. Many have given up waiting. But I hope to see more women join and strengthen our ranks in comedic acting,” she said. She also expressed interest in taking on new challenges, including roles as cunning or complex characters beyond comedy.

    Ma and Lau recently collaborated on a new film, “The Dumpling Queen,” a biopic about Wan Chai Pier dumpling brand founder Zang Jianhe, which is set for release on April 30. Lau said the story resonated with him because it reminded him of his mother. He thanked Ma for leading and supporting the project and helping to share a compelling Chinese story.

    Ma said she did not initially pursue comedy and once felt constrained and labeled as a comedic actress. Over time, though, her view changed.

    “During countless movie promotions, I’ve met audience members who tearfully told me, ‘You should know — during our darkest, most difficult moments, your comedy helped us through and gave us the strength to stand back up.’ Over time, I realized that a good story, a compelling character and quality comedy truly have the power to heal,” she said. “From that moment, I felt a sense of mission. I must continue doing comedy because bringing joy to audiences gives me just as much happiness.”

    MIL OSI China News

  • MIL-OSI Banking: Result of the 43-day Variable Rate Repo (VRR) auction held on April 17, 2025

    Source: Reserve Bank of India

    Tenor 43-day
    Notified Amount (in ₹ crore) 1,50,000
    Total amount of bids received (in ₹ crore) 25,731
    Amount allotted (in ₹ crore) 25,731
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.02
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/123

    MIL OSI Global Banks

  • MIL-OSI: Ageas communicates revised total number of issued shares

    Source: GlobeNewswire (MIL-OSI)

    Ageas communicates revised total number of issued shares

    Following the capital increase of EUR 550 million (including issuance premium) in the context of the esure acquisition agreement that was signed on 14 April 2025, Ageas announces that its capital amounts to EUR 1,590,019,077.44 and the number of outstanding shares of Ageas SA/NV (the Denominator) increased to 198,938,286 due to the issuance of 10,967,099 new shares. Each outstanding share of Ageas SA/NV confers one voting right. There are no other securities of Ageas SA/NV conferring voting rights.

    The newly issued shares by Ageas SA/NV are listed on the regulated market of Euronext Brussels as of 17 April 2025.

    This information is available on the Ageas webite.

    Ageas is a listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    Attachment

    The MIL Network

  • MIL-OSI: Capgemini acquires Delta Capita Group Limited’s subsidiary in the Netherlands to expand its Financial Crime Compliance services footprint in Europe

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Sam Connatty
    Tel.: +44 (0)370 904 3601
    sam.connatty@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Capgemini acquires Delta Capita Group Limited’s subsidiary in the Netherlands to expand its Financial Crime Compliance services footprint in Europe

    Acquisition will help Capgemini to further support European based banking, insurance and pensions firms to comply with critical ‘Know Your Customer’ (KYC) regulatory standards and complex local legislation

    Paris, April 17, 2025 – Capgemini has acquired 100% of the share capital of Delta Capita BV and its fully owned subsidiary Delta Capita Academy BV, the Netherlands based subsidiary of Delta Capita Group Ltd. that specializes in Financial Crime Compliance (FCC) services. This acquisition, Capgemini’s second in 18 months in the FCC space, will position the Group as the global partner of choice for KYC and FCC transformation. It strengthens Capgemini’s European offerings in financial crime, risk management and regulatory compliance services, complementing its already strong capabilities in Romania, Poland, India and the UK. The acquisition signing and closing took place simultaneously on April 16.

    Located in the Netherlands, Delta Capita BV and its fully owned subsidiary Delta Capita Academy BV comprise a team of 200+ KYC analysts and consultants all accustomed to operating within complex legal and regulatory frameworks. The team helps clients to take a strategic approach to regulation, specializing in Know Your Customer, anti-bribery & corruption, and risk management policy and control frameworks. Its client roster includes major banks, insurers and pension firms, all highly complementary to Capgemini’s.

    The team’s deep-domain expertise coupled with its multi-lingual capabilities will enable Capgemini to provide 1st, 2nd and 3rd line of defense advisory and managed services capabilities in FCC. Notably, to meet growing demand among its European financial services clients for complex and standard regulatory services, as well as Dutch pension legislation.

    “Financial crime compliance, by its very nature, requires an intimate knowledge of rapidly evolving local legislation. The acquisition of Delta Capita BV will position the Group as the global partner of choice in KYC transformation,” comments Kartik Ramakrishnan, CEO of Capgemini’s Financial Services and Group Executive Board Member. “Our end-to-end strategic business and technology services coupled with comprehensive KYC on, near and offshore capabilities, are complementary to this highly skilled Netherlands based team who will augment our European footprint for FCC. I am delighted to welcome them to Capgemini.”
      
    “Financial crime mitigation, risk management and regulatory compliance are business critical for the financial services industry and firms are now seeking comprehensive solutions for their end-to-end FCC transformation and ongoing management,” said Tom Kastelein, CEO of Delta Capita BV. “Capgemini’s global scale, partner ecosystem and well-established financial services expertise, were a natural fit for our team in terms of complex project scope and global client base. We are very happy to be joining the Group.”

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
    Get The Future You Want | www.capgemini.com

    Attachment

    The MIL Network

  • MIL-OSI Australia: India

    Source:

    We’ve reviewed our advice for India and continue to advise exercise a high degree of caution. Higher levels apply in some areas. 

    Carrying or using a satellite phone or GPS-enabled devices (including emergency locator beacons) without official permission is illegal. You could be arrested or detained, receive a large fine, have the device confiscated and face significant travel delays (see ‘Local Laws’).

    If you have had a baby in India, you must inform the FRRO and secure the appropriate travel document and Indian visa to remain legally in the country or to travel. Failure to comply could result in significant financial penalties by the FRRO (see ‘Travel’).

    Travellers have been robbed and assaulted after consuming spiked drinks or food. Be alert to the potential risks around drink spiking and methanol poisoning from consuming alcoholic drinks (see ‘Safety’).

    MIL OSI News

  • MIL-OSI: Q1 2025 as planned, post Financial restructuring: commercial recovery, decline in revenue and limited cash consumption

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Q1 2025 as planned, post financial restructuring:

    commercial recovery, decline in revenue

    and limited cash consumption

    Confirmation of continued commercial recovery, fueled by strategic large deal signatures

    • Q1 2025 order entry at €1.7 billion
    • Q1 2025 book-to-bill at 81%, +17 points vs Q1 2024, benefiting from the signature of multi-year contract renewals and business wins with new material revenue streams

    Q1 2025 revenue: €2,068 million, down -15.9% organically, impacted by lower order entry and contract completions recorded in 2024, before the closing of the financial restructuring of the Company on December 18, 2024

    • Reflecting deliberate reduction of BPO1 activities in the UK, as well as calendar effects
    • Eviden: down -14.0% organically
    • Tech Foundations: down -17.5% organically

    Estimated cash consumption2limited to c. €-40 million in Q1 2025 vs €-415 million in Q1 2024

    • No usage at all of account receivable factoring or specific optimization on trade payables

    Estimated liquidity3of c. €1,958 million as of March 31, 2025 vs €2,179 million as of December 31, 2024:

    • Cash and cash equivalent of c. €1,518 million vs €1,739 million in December 2024 and undrawn revolving credit facility of €440 million as of March 31, 2025
    • Including c. €138 million of cash in advance (vs €319 million as at December 31, 2024), consisting solely of customer invoices paid in advance without any discount and on a pure voluntary basis

    Presentation of Atos updated strategy and organization during the May 14, 2025 Capital Markets Day

    Paris, April 17, 2025 – Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its Q1 2025 revenue.

    Philippe Salle, Atos Chairman of the Board of Directors and Chief Executive Officer, declared:

    “Our first quarter performance confirms the inflexion in our business trajectory following the closing of our financial restructuring at the end of 2024. While top line remained under pressure, our commercial activity continued to recover during the quarter, attesting to the confidence and engagement of our clients and boding well for the future of Atos. We have also limited our cash consumption during the quarter and made significant progress in the implementation of our restructuring program to adapt our cost base. I look forward to sharing my vision for Atos and unveiling our mid-term strategy at our Capital Markets Day on May 14. This is the start of a new chapter for the Group, with relentless focus on serving our customers through innovation and high-quality services.”

    Q1 2025 Revenue by Business

    In € million Q1 2025
    Revenue
    Q1 2024
    Revenue
    Q1 2024
    Revenue*
    Organic variation*
    Eviden 973 1,164 1,132 -14.0%
    Tech Foundations 1,095 1,314 1,326 -17.5%
    Total 2,068 2,479 2,458 -15.9%

    *: at constant scope and March 2025 average exchange rates

    Group revenue was €2,068 million, down -15.9% organically compared with Q1 2024. Overall, Group revenue evolution in Q1 2025 reflects lower order entry and contract completions recorded in 2024, before the closing of the financial restructuring of the Company in December 2024, deliberate reduction of BPO activities in the UK, calendar effects as well as market softness in key geographies.

    Eviden revenue was €973 million, down -14.0% organically.

    • Digital activities decreased double digit. The business was impacted by H2 2024 contract completions and contract scope reductions, as well as by the continued market softness in North America, in the UK & Ireland and in Southern Europe.
    • Big Data & Security (BDS) revenue decreased high single digit. Lower activity in cybersecurity services due to volume decline and contract completions was partially offset by growth in Advanced Computing due to large project deliveries in India and Germany.

    Tech Foundations revenue was €1,095 million, down -17.5% organically.

    • Core revenue (excluding BPO and value-added resale (“VAR”)) decreased double digit mainly due to previously established contract terminations and completions in North America, lower revenue from Major Events following the delivery of the 2024 Paris Olympic and Paralympic games, and by contract scope and volume reduction in the UK.
    • Non-core revenue declined double digit as planned, reflecting deliberate reduction of BPO activities in the UK and reduced value-added resale for hardware and software products.

    Q1 2025 revenue by Regional Business Unit

    In € million Q1 2025
    Revenue
    Q1 2024
    Revenue
    Q1 2024
    Revenue*
    Organic variation*
    Central Europe 501 533 527 -5.0%
    Southern Europe 438 565 527 -16.9%
    North America 382 512 528 -27.6%
    UK / IR 309 423 434 -28.8%
    Growing markets 224 223 219 +2.0%
    Benelux and the Nordics (BTN)                  212 220 220 -3.6%
    Others & Global structures 2 3 3 -10.0%
    Total 2,068 2,479 2,458 -15.9%

    *: at constant scope and March 2025 average exchange rates

    Central Europe revenue was € 501 million, down -5.0% organically.

    • Eviden revenue decreased low single digit. Decline in Digital due to volume reduction from Manufacturing and Public Sector customers was partially offset by the delivery of a large HPC in Germany.
    • Tech Foundations revenue decreased double digit, reflecting volume and scope reductions related to low-margin contracts with Pharmaceutical and Banking customers.

    Southern Europe revenue was €438 million, down -16.9% organically.

    • Eviden revenue decreased double digit. Digital activities declined due to volume reduction with Automotive, Transport & Logistics and Banking customers. The delivery of a supercomputer project in France in 2024 provided a higher prior year comparison basis for BDS.
    • Tech Foundations revenue decreased high single digit due to contract completions with select customers.

    North America revenue was € 382 million, down -27.6% organically, impacted by contract terminations and completions, and general slowdown in market conditions.

    • Eviden revenue decreased double digit, notably from lower activity with Healthcare, Finance, and Transport & Logistics customers. BDS decreased double digit due to contract completion and volume reductions.
    • Tech Foundations revenue decreased double digit notably from lower activity in Media and Insurance.

    UK & Ireland revenue was € 309 million, down -28.8% organically.

    • Eviden revenue decreased double digit. Digital revenue decreased on back of market softness in Public Sector while BDS remained stable.
    • Revenue in Tech Foundations decreased double digit, due primarily to previously announced large contract exit in Public Sector BPO.

    Growing Market revenue was €224 million, up +2.0% organically. Revenue from the delivery of a HPC in India was partly offset by the high prior year comparison basis of Major Events, which included revenue from the 2024 Paris Olympic & Paralympic Games.

    Benelux and the Nordics revenue was € 212 million, down -3.6% organically

    • Eviden revenue decreased low single digit, impacted by project completions and volume reductions in Manufacturing.
    • Revenue in Tech Foundations decreased low single digit as well, due to previously established contract completions and volume decline on low-margin contracts with Healthcare and Utilities customers.

    Order entry and backlog

    Q1 2025 commercial activity

    Order entry reached €1.7 billion in Q1 2025, of which €1.1 billion represent new services sold to new or existing customers.

    Book-to-bill ratio was 81% for the quarter, improving by +17 points compared with the Q1 2024 ratio of 64%, benefiting from renewed client confidence.

    • Eviden book-to-bill ratio was 80% for the first quarter compared to 83% in Q1 2024, when a large HPC order was booked for a Danish innovation center. Main contract signatures in the first quarter included a large six-year new business in digital and cyber contract in Belgium and a contract renewal to manage a public health system for a large American insurance company.
    • Tech Foundations book-to-bill ratio was 81% for the first quarter, a significant improvement compared to the 47% reported in Q1 2024. Main contract signatures in the first quarter included a new four-year contract for IT infrastructure in Public Sector in France, a multi-year contract extension for Mainframe services with a global leader in aerospace as well a contract renewal with a leading automotive manufacturer for Mainframe services. Also, a new five-year Digital Workplace contract was signed with the UK Department of Environments, Food and Rural Affairs (DEFRA).

    Backlog & commercial pipeline

    At the end of March 2025, the full backlog reached €12.6 billion representing 1.3 years of
    revenue.

    The full qualified weighted pipeline amounted to €4.5 billion at the end of March 2025, representing 5.7 months of revenue.

    Human resources

    The total headcount was 74,074 at the end of March 2025, decreasing by -5.2% compared with the end of December 2024, notably from 1,682 departures related to the restructuring plan already on track.

    Q1 2025 liquidity position4

    Atos SE also publishes its estimated liquidity position at March 31, 2025. This indicator measures the estimated financial resources available at date to meet Atos SE future obligations. This publication is part of the regular reporting requirements defined and agreed with the Group’s financial creditors.

    As of March 31, 2025, Atos liquidity is estimated at circa €1,958 million, compared to €2,179 million as of December 31, 2024, and was comprised of:

     In € million March 31, 2025
    (estimated)
    December 31, 2024
    (actuals)
    Var.
    Cash & cash equivalents 1,518  1,739 -221 
    of which payments received from customers in advance of invoice payment due dates 138  319 -181 
    Undrawn revolving credit facility 440  440 – 
    Total liquidity 1,958  2,179 -221 

    Capital Markets Day

    Atos will present an update of its strategy and organization during a Capital Markets Day that will be held in Atos’ Bezons headquarters on May 14, 2025.

    Forthcoming events

    May 14, 2025 Capital Markets Day
    June 13, 2025 Annual General Meeting
       
    August 1st, 2025 (Before Market Opening)  First semester 2025 results

    APPENDIX

    Q1 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q1 2025 is compared with 2024 revenue at constant scope and foreign exchange rates.

    Reconciliation between the 2024 reported first quarter revenue and the 2024 first quarter revenue at constant scope and foreign exchange rates is presented below, by Business Lines and Regional Business Units:

    Q1 2024 revenue
    In € million
    Q1 2024 published Internal transfers Scope effects Exchange rates effects Q1 2024*
    Eviden 1,164 2 -44 9 1,132
    Tech Foundations 1,314 -2 0 14 1,326
    Total 2,479 0 -44 23 2,458
               
               
    Q1 2024 revenue
    In € million
    Q1 2024 published Internal transfers Scope effects Exchange rates effects Q1 2024*
    North America 512 0 0 16 528
    Benelux and the Nordics (BTN) 220 0 0 0 220
    UK / IR 423 0 0 10 434
    Central Europe 533 0 -6 0 527
    Southern Europe 565 0 -38 0 527
    Growing Markets 223 0 0 -3 219
    Others & Global structures 3 0 0 0 3
    Total 2,479 0 -44 23 2,458

    *: at constant scope and March 2025 average exchange rates

    Scope effects amounted to €-44 million. They related to the divesture of Worldgrid in Southern Europe and Central Europe.

    Currency effects positively contributed to revenue for €+23 million. They mostly came from the appreciation of the British pound and the US dollar partially compensated by the depreciation of the Brazilian real, the Argentinian peso and the Turkish lira.

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos

    Atos is a global leader in digital transformation with circa 74,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:

    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: +33 8 05 65 00 75

    Press contact: globalprteam@atos.net


    1         Business Process Outsourcing

    2         Cash consumption of a period is defined as the variance in cash and cash-equivalent, excluding (i) the variance of the drawn portion of the RCF and (ii) the variance in working capital optimization actions (which include cash in advance received from customers, account receivable factoring and specific optimization of trade payables)

    3         Liquidity is defined as the sum of (i) the consolidated cash and cash-equivalent position of the Group and (ii) the amounts available under any undrawn committed facilities (including committed overdrafts). Consolidated cash and cash-equivalent includes trapped cash and unpooled cash and excludes cash held in escrow accounts in order to provide cash collateral.

    4         Liquidity is defined as the sum of (i) the consolidated cash and cash-equivalent position of the Group and (ii) the amounts available under any undrawn committed facilities (including committed overdrafts). Consolidated cash and cash-equivalent includes trapped cash and unpooled cash and excludes cash held in escrow accounts in order to provide cash collateral.

    Attachment

    The MIL Network

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on April 17, 2025

    Source: Reserve Bank of India

    Tenor 4-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 6,514
    Amount allotted (in ₹ crore) 6,514
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.01
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/122

    MIL OSI Economics

  • MIL-OSI Economics: Result of Underwriting Auction conducted on April 17, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on April 17, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (paise per ₹100)
    6.79% GS 2031 11,000 5,502 5,498 11,000 0.05
    6.98% GOI GrB 2054 5,000 2,520 2,480 5,000 0.40
    7.09% GS 2074 14,000 7,014 6,986 14,000 0.26
    Auction for the sale of securities will be held on April 17, 2025.

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/121

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on April 16, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,42,987.93 5.76 4.00-6.55
         I. Call Money 18,005.06 5.85 4.95-5.95
         II. Triparty Repo 4,28,281.20 5.71 5.38-5.99
         III. Market Repo 1,94,927.67 5.85 4.00-6.55
         IV. Repo in Corporate Bond 1,774.00 6.01 6.00-6.20
    B. Term Segment      
         I. Notice Money** 100.85 5.65 5.45-5.85
         II. Term Money@@ 625.00 6.10-6.10
         III. Triparty Repo 9,042.50 5.86 5.50-5.96
         IV. Market Repo 1,277.58 6.06 5.55-6.10
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Wed, 16/04/2025 1 Thu, 17/04/2025 10,346.00 6.01
         (b) Reverse Repo          
    3. MSF# Wed, 16/04/2025 1 Thu, 17/04/2025 102.00 6.25
    4. SDFΔ# Wed, 16/04/2025 1 Thu, 17/04/2025 1,88,292.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -177844.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,998.94  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,998.94  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,69,845.06  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on April 16, 2025 9,25,756.95  
         (ii) Average daily cash reserve requirement for the fortnight ending April 18, 2025 9,31,571.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ April 16, 2025 10,346.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on March 21, 2025 1,11,247.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/120

    MIL OSI Economics

  • MIL-OSI USA: House Foreign Affairs Committee Ranking Member Meeks Leads Committee Democrats in Letter to Secretary Rubio on Trump Administration’s Weak Response to Burma Earthquake

    Source: United States House of Representatives – Congressman Gregory W Meeks (5th District of New York)

    Washington, DC – Representative Gregory W. Meeks, Ranking Member of the House Foreign Affairs Committee, today led 18 Committee Democrats in sending a letter to Secretary of State Marco Rubio expressing alarm over the United States’ failure to respond effectively to the devastating earthquake in Burma on March 28. 

    The letter highlights how the administration’s unlawful shuttering of USAID and gutting of U.S. foreign assistance undermines the United States’ capacity to respond to crises, jeopardizes lives, and betrays American leadership and national security interests around the world. The lawmakers demand answers from Secretary Rubio about the administration’s response to the earthquake in Burma, including its firing of a three-person assessment team on the ground just days after their arrival. 

    Text of the letter can be found below. A PDF copy of the letter can be found here.

    Dear Secretary Rubio: 

    We write to express our alarm at the United States’ failure to respond effectively to the devastating earthquake in Burma on March 28. We are further concerned that the Administration’s unlawful shuttering of USAID and gutting of U.S. foreign assistance programs has compromised America’s ability to respond to this crisis. 

    The United States has long been a leader in humanitarian assistance and disaster response globally, including in Asia after the 2005 Indian Ocean tsunami. These efforts have enhanced America’s reputation, bolstered our diplomatic influence, and strengthened our military-to-military cooperation and bilateral relationships with nations in the region. The Trump Administration’s disastrous response to the earthquake in Burma severely undercuts that leadership, and, unless corrected, will damage our influence and interests in the region. 

    The 7.7 magnitude earthquake near Mandalay damaged buildings as far away as Bangkok, Thailand. The Burmese government estimates more than 3,300 people have died and more than 4,800 were wounded, while the U.S. Geological Survey estimates the death toll could be higher than 10,000 people given the impact on heavily populated areas. Countless buildings, bridges and homes were destroyed in Burma, with hospitals overwhelmed. To make matters worse, the horrific Burmese military continued to bomb its citizens in the aftermath of the earthquake. 

    President Trump initially confirmed to reporters after the quake that the U.S. would be rushing assistance to the region. Instead, public reporting suggests that the United States has been missing in action. In stark contrast to USAID’s typical work to mobilize dozens of expert American first responders for early life-or-death recovery efforts, the Administration waited several days to send a small response team of three personnel to the region to assess the damage—and then dismissed them from their roles two days later. The United States initially agreed to send $2 million dollars in relief funding—later increasing it to $9 million after public criticism, but still a pittance compared to past U.S. humanitarian and disaster response efforts and the assistance pledged by other nations.

    The United States’ scant and chaotic response to this crisis created a vacuum that other nations are exploiting to boost their own influence. The People’s Republic of China (PRC), in particular, has filled the gap by pledging $14 million for relief efforts and sending 600 rescue workers to the impacted region. So, instead of seeing American relief workers wearing the USAID logo, crisis-affected populations in Southeast Asia are seeing images and videos of PRC rescue workers pulling people out of rubble, helping the sick, providing life-saving food and medicine, and building credibility with local governments. 

    USAID’s Regional Development Mission for Asia was based in Bangkok and could have mobilized to lead the relief efforts if the Trump Administration had not unilaterally gutted it in the weeks prior. Tragically, many USAID staff who had been stationed in the region and could have rushed to the scene instead received termination notices on the day of the earthquake. The way they and the three members of the short-lived response team were treated is unprofessional and insulting and underscores the negligent way this Administration has handled this crisis and stewarded U.S. government personnel and resources. 

    Moreover, at a time when people in the affected region would ordinarily turn to Voice of America (VOA) Burmese and Radio Free Asia to get critical updates, the Administration’s dismantling of the U.S. Agency for Global Media have forced both to go silent. VOA Burmese was critical in getting information out during the 2009 Cyclone Nargis crisis, while RFA played a vital role in closely covering Cyclone Mocha and its devastating aftermath in 2023. Now, VOA staff are on administrative leave and RFA has furloughed of most of its journalists and staff. 

    If the Administration does not act quickly to turn things around on its response to the current disaster in Southeast Asia, U.S. credibility risks being severely damaged within ASEAN and the broader region. Your statement last week that “we are not the government of the world” and have “other needs” and “other priorities” burns friendships we have built and commitments we have made in the region—including with treaty allies and through bilateral security cooperation agreements that anchor humanitarian and disaster response as shared national security priorities. This will only encourage our partners and allies to look to and work with China instead. 

    Notwithstanding the gravity of this emergency, the State Department has provided little information to House Foreign Affairs Committee staff despite several requests. So, we reiterate here our request for the Administration to brief the Committee this month on its response to the Southeast Asia quake, and we request a written response from you by April 22 with answers to the following questions: 

    The U.S. response thus far has betrayed our moral leadership and U.S. national security interests. We seek answers to the questions above so that we can partner with you to remedy the damage and restore the U.S. foreign assistance tools we need to be a global leader. 

    MIL OSI USA News

  • MIL-OSI Canada: Graduated licensing changes improve accessibility, safety

    Source: Government of Canada regional news

    The Province has introduced legislation to improve graduated licensing programs to create a simpler, more accessible process for new drivers, while improving safety standards for motorcycle drivers.

    “These changes are intended to improve road safety for new drivers and motorcyclists by ensuring they gain more on-road experience, and improve licensing accessibility by addressing barriers experienced by Indigenous and rural and remote communities,” said Garry Begg, Minister of Public Safety and Solicitor General. “By removing unnecessary barriers for new drivers and strengthening safety measures for new riders, we’re making the licensing system more accessible, while helping to reduce serious injuries and fatalities on our roads.”

    If approved, the changes will update the Graduated Licensing Program (GLP) to remove the requirement for a second road test to obtain a Class 5 licence. Instead, for those drivers eligible to move to a Class 5 licence, government will be creating a new 12-month restriction period, during which they must demonstrate safe driving behaviour to progress.

    Research indicates that age and inexperience contribute to crash risk. As new drivers get more experience, their crash risk decreases. Evidence shows that having an extended period with restrictions and enhanced driver-record reviews builds the necessary skills and behaviours to promote safe driving. The changes remove requirements not proven to increase road safety, which will reduce wait times for those seeking a road test to earn their Novice (Class 7) licence.

    The proposed legislative changes will also establish a new Motorcyclist Licensing Program (MLP) that all new motorcycle riders will need to complete. This approach ensures new riders gain the unique skills required to ride safely. The new MLP will also have a restriction period and enhanced safety measure requirements for protective gear, which will be established through regulations. These changes will help reduce fatalities and serious injuries resulting from motorcycle-related crashes.

    Proposed changes to the GLP and MLP will continue to be informed by engagements with key partners, including Indigenous communities, driver training schools and health authorities, with implementation planned for early 2026.

    Quotes:

    David Wong, president and CEO, ICBC – 

    “Since its introduction more than 25 years ago, our graduated licensing programs have helped improve road safety in our province. We’re looking forward to working with government and our partners to both build on those improvements and ensure new drivers and riders are confident and ready to safely travel on our roads.”  

    Grand Chief Stewart Phillip, president, Union of British Columbia Indian Chiefs (UBCIC) – 

    “We are working with the Province to implement recommendations from the UBCIC’s Road to Reconciliation report, which identifies the profound impacts that the driver licensing regime has on First Nations, as well as the current barriers many First Nations face. We welcome the amendments to the GLP and MLP as important steps to help remove barriers that prevent First Nations from accessing driver licenses.”

    Denise Lodge, C.O.R.E.Y (coalition of riders educating youth), CoreySafe Society – 

    “As someone who’s dedicated to rider safety, I fully support these changes. When learning to ride, introducing changes like zero drugs and alcohol, as well as protective gear, are common-sense measures that will help save lives. Giving new riders more time to learn is an investment in a safer future. It will help riders gain the skills and awareness they need to stay safe and be seen by all road users.”

    Quick Facts:

    • B.C.’s graduated licensing programs for passenger vehicles and motorcycles has not been significantly updated in the past 25 years.
    • The decision to update provincial licensing programs is guided by a commitment to road safety and aligns with most other jurisdictions.
    • Ontario will be the only province that requires a second road test to exit the Graduated Licensing Program.
    • Removing the second road test will make the process more efficient while drivers continue to develop safe driving habits.
    • Motorcycle riders are over-represented in fatal crashes in B.C.
    • They make up 3.7% of insured vehicles yet are involved in 14.2% of all road fatalities.
    • Of motorcycle crashes where licensed riders were at fault, 46% involved a licensed rider with less than five years of riding experience. 

    A backgrounder follows.

    MIL OSI Canada News

  • MIL-OSI Security: Great Lakes Regional Fugitive Task Force Arrests Chicago Man for Violent Stabbing

    Source: US Marshals Service

    Chicago, IL – The U.S. Marshals Service’s (USMS) Great Lakes Regional Fugitive Task Force (GLRFTF) and the Chicago Police Department (CPD) April 8 arrested a man for a stabbing that occurred in the Loop area of downtown Chicago March 18.

    Ralwin Galito Perez, 30, was charged with aggravated battery with a deadly weapon after a verbal altercation turned physical and he stabbed the victim in the chest and arm.

    During their search for Galito Perez GLRFTF and CPD investigators developed information that led them to a residence in the 100 block of West 87th Street where they found Galito Perez and took him into custody without incident. He was booked into a local detention facility. 

    The U. S. Marshals Service Great Lakes Regional Fugitive Task Force was created by the Presidential Threat Protection Act of 2000. Congress recognized the U. S. Marshals expertise in tracking and apprehending dangerous fugitives and ordered the creation of regional fugitive task forces (RFTFs) in core cities throughout the country. Via this mandate, GLRFTF was created in 2003 and has offices in Illinois, Indiana, and Wisconsin to assist state, county, and local agencies as a central investigative base to identify, locate and apprehend dangerous offenders.

    MIL Security OSI

  • MIL-OSI Security: Kalispell man sentenced to over 10 years in prison for conspiring to distribute drugs on the Blackfeet Indian Reservation

    Source: Office of United States Attorneys

    GREAT FALLS – A Kalispell man who conspired to distribute drugs on the Blackfeet Indian Reservation was sentenced today to 128 months in prison to be followed by 5 years of supervised release, U.S. Attorney Kurt Alme said.

    Cameron Lee Richard Carr, 34, pleaded guilty in September 2024 to possession with intent to distribute methamphetamine and fentanyl.

    Chief U.S. District Judge Brian Morris presided.

    The government alleged in court documents that in early November 2023, law enforcement received information Carr was trafficking illegal drugs from Kalispell, Montana to Browning, Montana. On November 28, 2023, Carr was observed leaving the Going to the Sun Inn in Browning. A Blackfeet Law Enforcement Services officer saw Carr run a stop sign and attempted to conduct a traffic stop. Carr fled before eventually stopping his vehicle and attempting to run away on foot. He was apprehended by the officer and arrested. The officer saw Carr reach for his waistband when he was arrested, so the officer searched him for weapons before placing him in a patrol vehicle. The officer recovered suspected meth and fentanyl from and noticed a 9 mm Ruger handgun on the ground near the area where Carr was apprehended.

    Law enforcement searched Carr’s vehicle and seized 11 additional firearms, 500 grams of methamphetamine, 168 grams of fentanyl in pill and powder form, and small amounts of heroin, oxycodone, morphine, and cocaine. On December 1, 2023, during an interview with law enforcement, Carr admitted distributing drugs in Browning.

    The U.S. Attorney’s Office prosecuted the case and the investigation was conducted by the FBI, DEA, Blackfeet Law Enforcement Services, and the Glacier County Sheriff’s Office.

    The case was investigated under the Organized Crime Drug Enforcement Task Forces (OCDETF). OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. For more information about Organized Crime Drug Enforcement Task Forces, please visit Justice.gov/OCDETF.

    XXX

    MIL Security OSI

  • MIL-OSI: CBL International Limited Reports 2024 Full-Year Results: Revenue Soars 35.9% to $592.5 Million Amid Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, April 16, 2025 (GLOBE NEWSWIRE) — CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced its annual financial results for the year ended December 31, 2024.

    Financial Performance Overview

    The company reported consolidated revenue of $592.52 million for the year ended December 31, 2024, marking a 35.9% increase from $435.90 million in 2023. This growth was primarily driven by a 38.1% increase in sales volume, supported by the addition of new customers during the year, expansion of our supply network to cover more ports, and a broader customer base that now includes bulk carriers and oil and gas tankers in addition to container liner operators.

    Due to challenging market conditions, the Company reported a net loss of $3.87 million in 2024, compared to a net income of $1.13 million in 2023, mainly attributed to a 25.5% decrease in gross profit to $5.37 million in 2024 from $7.21 million in 2023 and a 56.8% rise in operating expenses to $8.70 million in 2024 from $5.55 million in 2023. The Company adopted a volume-driven growth strategy that involved offering more competitive pricing in a market characterized by intensified competition and pricing pressure. While this approach supported increased sales volume and market share, it also contributed to narrower profit margins.

    In addition to reduced gross margins, the net loss was impacted by increased expenses for business expansion, biofuel operation, additional expenses to enhance ESG, and a rise in interest expenses. These were partially offset by a reduction in income tax expenses. The financial outcome reflects both the dynamic nature of the bunkering industry and the Company’s ongoing investment in client base development and geographic growth, which are expected to enhance long-term positioning as market conditions normalize.

    Earnings per share (EPS) reflected this, decreasing to $(0.136) in 2024 from $0.045 in 2023. Cash and cash equivalents increased by 8.3% to $8.02 million as of December 31, 2024 from $7.40 million as of December 31, 2023.

    Business Expansion in Challenging Times

    CBL International’s operational expansion was a key focus in 2024, particularly in a challenging industry environment marked by geopolitical tensions, such as the Red Sea crisis and broader Middle East tensions. The company grew its service network from 36 ports at the time of its IPO in March 2023 to over 60 ports by year-end 2024, covering Asia Pacific, Europe, Africa, and Central America. Revenue growth year-on-year was notable across China, Hong Kong, Malaysia, Singapore, and South Korea.

    Key new ports included Mauritius, Panama, and India, enhancing its global reach. This expansion was supported by servicing nine of the world’s top 12 container shipping lines, representing nearly 60% of global container fleet capacity. The Company’s European expansion focused on strengthening cross-regional service offerings for Euro–Asia trade routes. Growth was supported by a stronger presence in the Amsterdam-Rotterdam-Antwerp (ARA) region and a new Ireland office established in late 2023, enhancing local sourcing capabilities.

    Customer diversification was another priority, with the share of non-container liners in total revenue increased, and sales concentration among the top five customers declined in fiscal year 2024.

    A significant highlight was the company’s push towards sustainability, with biofuel sales surging by 628.8% and volume by 603.0%. The introduction of B24 biofuel (76% fossil fuel, 24% used cooking oil methyl ester) in Hong Kong, China, and Malaysia reduced greenhouse gas emissions by 20%, supported by ISCC EU and ISCC Plus certifications secured in 2023. This aligns with global trends towards greener shipping solutions and positions CBL as a leader in sustainable fuel logistics.

    Strategically, CBL enhanced its IT systems, implementing real-time order tracking, data analytics, and workflow automation to improve efficiency. Credit risk management was strengthened, and working capital management improved with increased factoring facilities and a cash balance rise, navigating macroeconomic challenges through pricing strategies and port network adjustments. Additionally, CBL expanded its funding sources by accessing capital markets, such as private placement, increasing financial flexibility to support growth initiatives.

    Bullish Outlook and Customer Loyalty Strategy

    Despite the net loss, CBL’s management remains optimistic about the future, viewing current industry challenges as an opportunity to build resilience and enhance customer loyalty. While prudently evaluating the impact of the latest U.S. tariff policy, among other macro incidents such as geopolitical tensions, regulatory changes, and shifting global trade dynamics, on the economy and the bunkering sector, CBL believes its broad global network, primarily focused on intra-Asia and Euro-Asia trade routes, helps mitigate potential adverse effects. Since the Company has no operation on U.S. ports, the impact of such policies may be limited in the near future.

    The Company’s strategic expansion of ports, diversification of its client base, and commitment to sustainable initiatives are designed to position it for growth when market conditions improve. By investing in new ports and expanding relationships with key industry players, CBL aims to secure long-term partnerships that will strengthen its market position as global trade stabilizes and profitability improves.

    Management Commentary and Future Outlook

    Dr. Teck Lim Chia, Chairman and CEO of CBL International Limited, stated, “We are confident in our strategy to expand our service network, maximize sales volume and explore sustainable offerings, even in these challenging times. Our investments in new ports, diversified clients, and sustainable fuels are building a foundation for future growth. We believe that by demonstrating our capabilities at present, we will earn customer loyalty that will yield substantial benefits as the market recovers, positioning CBL International for significant success in the years ahead.”

    Looking ahead, CBL remains focused on expanding its market presence, particularly in biofuels, and enhancing its global supply network. The company is committed to driving operational efficiency and delivering sustainable growth.

    Webcast Details

    CBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the year ended December 31, 2024.

    About the Banle Group

    CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April, 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.

    For more information about our company, please visit our website at: https://www.banle-intl.com.

    Forward-Looking Statements

    Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    CBL INTERNATIONAL LIMITED
    (Incorporated in Cayman Islands with limited liabilities)

    For more information, please contact:
    CBL International Limited
    Email: investors@banle-intl.com

    Strategic Financial Relations Limited
    Shelly Cheng
    Iris Au Yeung
    Email:
    Tel: (852) 2864 4857
    Tel: (852) 2114 4913
    sprg_cbl@sprg.com.hk 

    The MIL Network

  • MIL-OSI USA: ICYMI: Newsweek Op-Ed: Trump Tariffs Gave America Leverage for Better Trade Deals

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)
    AUBURN – U.S. Senator Tommy Tuberville (R-AL) penned an op-ed in Newsweek about how President Trump’s “Liberation Day” tariffs are already delivering results for Alabama manufacturers, businesses, workers, and producers.
    Read excerpts from the piece below or read the full piece here.
    “It’s been two weeks since President Donald Trump announced tariffs on more than 180 countries and territories that have been ripping us off for decades. A full-blown meltdown followed that day. But those of us who have been following President Trump for a long time knew better than to panic. The president is a master negotiator—and if there’s one thing he understands, it’s how to create leverage.
    That leverage is clearly working, as more than 75 countries have come crawling to the United States begging to negotiate better trade deals in exchange for the president lowering tariffs. Only Democrats and their friends in the media would find a reason to be upset about that. Sadly, I’m convinced that many Democrats and woke media would rather see America fail than watch us succeed with President Trump. It’s clear that the president is using tariffs as a bargaining chip to level the playing field with our trade partners. Trump is a skilled dealmaker, and his strategy is already delivering results for the American people.
    President Trump understands that America boasts the strongest economy in the world—and other countries would fall apart without trade deals with the United States. But President Trump also, like me, believes that America has been taken advantage of by unfair trade deals for decades.
    The truth is, the international trade system has been stacked against the United States for years. Since 1976, $20 trillion of American wealth has been transferred into foreign hands. That’s more than 60 percent of the U.S. GDP in 2024. Can you believe that? This country is getting robbed in broad daylight.
    Countries like Vietnam and India are prime examples of ‘trade partners’ who have been ripping us off. In Alabama, we have seen some of the effects firsthand. For years, Vietnamese and Indian exporters have been adulterating honey with cane, rice, and corn sweeteners before dumping it on the U.S. domestic market. Additionally, Vietnam has been dumping billions of dollars’ worth of catfish from sewage-polluted water into U.S. markets, while India is doing the same with shrimp—flooding the markets and driving down prices for our high-quality domestic products. Alabama’s honey, catfish, and shrimp producers have had a hard time competing as a result.
    With simply the threat of President Trump imposing various tariff rates, Vietnam and India are crawling to the negotiating table. The end result will hopefully give Alabama producers a fair shot to compete. Vietnam and India aren’t the only countries caving to President Trump, however. More than 75 have announced their intention to negotiate with the U.S., leading President Trump to announce a 90-day pause on most tariffs, with a 10 percent blanket duty on almost all U.S. imports. The president’s plan is unfolding just as he expected.
    China is a different beast. When President Trump levied heavy tariffs on China, he made it clear that if Beijing retaliated, the tariffs will escalate. Predictably, China didn’t back down—it imposed steep retaliatory tariffs on the U.S. But if China thinks it can intimidate President Trump, it should think again. China has a choice here—it can either renegotiate a fair trade deal, or it can pay the piper. My money is on President Trump to win in the end.”
    MORE:
    Tuberville Celebrates President Trump’s “Liberation Day” on Senate Floor
    ICYMI: Tuberville Joins Kudlow to Discuss How President Trump’s Tariffs Strategy is Working for Alabama
    Yellowhammer News: Tuberville says tariffs will help Alabama’s catfish farmers
    ICYMI: Tuberville in Yellowhammer: President Trump’s tariffs are Making America Great Again
    Tuberville Praises President Trump for Making Tariffs Great Again
    Newsmax: Sen. Tuberville: Cut Spending, Boost Manufacturing to Cut Debt
    Tuberville Speaks on Importance of Boosting U.S. Economy to Help Struggling Seniors
    1819 News: ‘A big relief’: Tuberville claims victory, says Alabama’s catfish industry safe from Biden administration proposal
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News

  • MIL-OSI USA: State Privacy Regulators Assemble: Attorney General Bonta Announces Bipartisan Consortium of Privacy Regulators

    Source: US State of California

    Continues commitment to protecting Californians’ privacy rights 

    OAKLAND — California Attorney General Rob Bonta today announced an agreement of formal collaboration between six states and the California Privacy Protection Agency (CPPA) to promote collaboration and information sharing in the bipartisan effort to safeguard the privacy rights of consumers. Known as the Consortium of Privacy Regulators, the group regularly discusses developments in privacy law, shared priorities, and coordinates enforcement, as appropriate, based on the members’ common interest. In forming the Consortium of Privacy Regulators, Attorney General Bonta joins the CPPA and the attorneys general of Colorado, Connecticut, Delaware, Indiana, and Oregon.

    “Data knows no borders — state and nationwide coordination is vital for protecting consumers’ rights, especially in our data-driven world,” said Attorney General Bonta. “Collaborating with partners across the country provides another tool in the toolbox for my office to tackle enforcement priorities and continue safeguarding the privacy rights of Californians.”

    Privacy matters because when information or data falls into the wrong hands, it can harm people, businesses, and organizations, often financially. The risk of harm continues to grow as more consumers conduct essential tasks online, like banking, shopping, or managing medical care. Businesses that collect this personal information also create the risk of data breaches when they fail to safeguard it. Lapses in upholding privacy laws can threaten to disclose information like our financial condition, health status, and sensitive aspects of our personal lives. Anyone can become vulnerable.  

    California’s Landmark Privacy Law: The CCPA

    The California Consumer Privacy Act (CCPA) secures increased privacy rights for California consumers, such as the right to know how businesses collect, share, and disclose their personal information. Businesses that are subject to the CCPA have specific responsibilities, including responding to consumer requests to exercise these rights and giving consumers certain notices explaining their privacy practices. Under the CCPA’s right to opt-out, businesses that sell personal data or share personal information for targeted advertising must permit consumers the right to opt-out. Exercising this right should be easy and involve minimal steps.

    Our Recent Work to Protect Californians’ Privacy 

    Attorney General Bonta is committed to educating California consumers about their right to privacy and enforcing the nation’s toughest data privacy law.  

    Last month, Attorney General Bonta issued a consumer alert to customers of 23andMe, reminding Californians of their right to direct the deletion of their genetic data under the Genetic Information Privacy Act (GIPA) and the CCPA. Also last month, Attorney General Bonta announced an ongoing investigative sweep into the location data industry, which collect and share detailed data on consumers’ location. The risk posed by the widespread collection and sale of location data has become particularly relevant given federal threats to California’s immigrant communities, and to reproductive and gender-affirming healthcare. In January, Attorney General Bonta reminded Californians of their right to stop or “opt-out” of the sale and sharing of their personal information under the CCPA.

    Attorney General Bonta has filed three enforcement actions involving alleged violations of the CCPA: 

    • In 2022, he announced a settlement with Sephora resolving allegations that it failed to disclose to consumers that it was selling their personal information and failed to process opt-out requests via user-enabled global privacy controls in violation of the CCPA.
    • In 2023, he secured a settlement with DoorDash after it sold the personal information of its customers without providing notice or the opportunity to opt-out.
    • In 2024, he worked with local partners to secure a settlement with video game developer Tilting Point Media for violating state and federal privacy laws by illegally collecting and sharing children’s data.   

    For more information about the CCPA, visit www.oag.ca.gov/ccpa. To report a violation of the CCPA to the Attorney General, consumers can submit a complaint online at www.oag.ca.gov/report.

    MIL OSI USA News

  • MIL-OSI Security: Eight Defendants Indicted in International Conspiracy to Bill $10 Million for Fraudulent Market Survey Data

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    CONCORD – An indictment has been unsealed charging eight defendants in connection with an international scheme to bill $10 million in fraudulent market survey data, Acting U.S. Attorney Jay McCormack announces.

    Each of the following defendants has been indicted on one count of Conspiracy to Commit Wire Fraud:

    1. Frank Hayden, 57, of Evanston, Illinois.
    2. Daniel Harriman, 38, of Huntsville, Alabama.
    3. Frank Nappo, 55, of Rye, New Hampshire.
    4. Ryan Stoudt, 38, of Dallas, Texas.
    5. Katarina Grubljesic, 46, of Belgrade, Serbia.
    6. Strahinja Grubljesic, 38, of Rio de Janeiro, Brazil.
    7. Archie Ignacio, 46, of Verona, New Jersey.
    8. Arvind Iyer, a/k/a S. Aravindan, of Delhi, India.

    According to the indictment, Op4G and Slice were market research companies based in the United States. Clients would hire the companies to conduct market research surveys. As part of their business model, Op4G and Slice maintained “panels” consisting of individuals potentially eligible to take surveys. In 2014, Hayden, Harriman, and Nappo, who were senior leaders at Op4G, decided to increase company revenues by generating fabricated survey data. To execute the scheme, some of the defendants recruited “ants”, who pretended to be legitimate survey takers but instead were paid a nominal fee for completing surveys that produced fraudulent market research data. Some of the defendants even served as “ants” and fraudulently took large quantities of surveys themselves and received significant payment for their “ant” work.

    In or around 2018, Nappo, Hayden and others, decided that Op4G should move the fraudulent survey operation to a new company, which became Slice. By 2019, Op4G and Slice began conspiring with Iyer, a senior leader at an international company, SNWare. By 2021, Katarina Grublijesic left Op4G, but she continued to conspire with the defendants using her international company, Bright Analytic Consulting.

    To evade detection, the defendants, including Stoudt and Ignacio, exchanged instructions with each other and the “ants.” These instructions included directions on how to answer survey screener questions, provided parameters on how long “ants” should remain on surveys, and encouraged the use of virtual private network (VPN) services to conceal real IP addresses.

    Hayden, Harriman, Nappo, Stoudt, and Ignacio will appear in federal court at a later date.

    The charging statute provides a sentence of no greater than 20 years in prison, up to three (3) years of supervised release, and a maximum fine of $250,000 or twice the gross gain or loss, whichever is greater.  Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The FBI led the investigation.  Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

    Companies that purchased survey data from Op4G or Slice between 2014-2024 are encouraged to contact the U.S. Attorney’s office at usanh.webmail@usdoj.gov with the subject line “Slice”.

    The details contained in the indictment are allegations. The defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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    MIL Security OSI

  • MIL-OSI Security: Tokio, ND, Man Pleads Guilty to Involuntary Manslaughter, Assault with a Dangerous Weapon, and Child Neglect in the Death of a Three-Year Old Child

    Source: Office of United States Attorneys

    Fargo – Acting United States Attorney Jennifer Klemetsrud Puhl announced that on April 14, 2025, Austin Ray Lester, age 29 of Tokio, ND, appeared in United States District Court and pleaded guilty before Chief Judge Peter Welte to Involuntary Manslaughter and two counts of Child Neglect in Indian country, as well as Assault of a Child with a Dangerous Weapon in Indian country. Lester’s sentencing date is scheduled for August 5, 2025.

    The charges are related to the August 2022 neglect and death of three-year-old child within the boundaries of the Spirit Lake Reservation.  A co-defendant, Krissy Louise Hinsley was also charged with Involuntary Manslaughter and Child Neglect in Indian country and is scheduled for a change of plea and sentencing hearing on July 28, 2025.

    This case was investigated by the Federal Bureau of Investigation and was prosecuted by the United States Attorney’s Office, District of North Dakota, Assistant U.S. Attorney Lori H. Conroy.

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    MIL Security OSI

  • MIL-OSI Asia-Pac: COMMEMORATION OF BIRTH ANNIVERSARY CELEBRATIONS OF THE MARSHAL OF THE INDIAN AIR FORCE ARJAN SINGH PADMA VIBHUSHAN, DFC

    Source: Government of India

    Posted On: 16 APR 2025 4:26PM by PIB Delhi

    On 15 April 2025, to commemorate the 106th Birth Anniversary of the Marshal of the Indian Air Force Arjan Singh Padma Vibhushan, DFC, a bust was unveiled at Astha, Senior Citizen Home, Tughlakabad, Delhi by Air Mshl Vijay Kumar Garg, Air Officer Commanding-in-Chief, Maintenance Command and Air Mshl Jagjeet Singh (Retd) Senior Vice President Air Force Association. The event was attended by Mrs Ritu Garg, President AFFWA(R), lAF veterans and Personnel of Air Force Station, Tughlakbad.

    The event was a tribute casted in the form of unveiling of the Marshal’s bust, symbolising his enduring courage, visionary leadership and selfless service to the nation. The audience was reminded of his strategic brilliance and unflinching resolve shown as the Chief of the Air Staff during 1965 war. Under his leadership, the Indian Air Force provided the decisive close air support to pulverise the Pakistani Armoured thrust in the Akhnoor sector which changed the course of the war in India’s favour. He is the only Five-star officer of the lAF, who is an institution by himself and shall remain a guiding beacon to follow for generations to come.

    During the event, the AOC-in-C, Maintenance Command and President AFFWA (R) also interacted with the senior citizens and enquired about their wellbeing. The Air Force personnel also had the opportunity to interact with veterans who had served with the Marshal. Their real life narrative revived the heroic life of the legend.

    106th Birth Anniversary Celebrations of the Marshal of the Indian Air Force Arjan Singh Padma Vibhushan, DFC.

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    VK/IN/PC/CV

    (Release ID: 2122108) Visitor Counter : 118

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Dr. Mansukh Mandaviya to Inaugurate Newly Developed 220-Bedded ESIC Hospital in Ranchi, Jharkhand Tomorrow

    Source: Government of India

    Dr. Mansukh Mandaviya to Inaugurate Newly Developed 220-Bedded ESIC Hospital in Ranchi, Jharkhand Tomorrow

    Union Minister to Give Cash Benefits Certificates/Sanction Letters to ESI beneficiaries and Felicitate Construction Workers

    Posted On: 16 APR 2025 4:14PM by PIB Delhi

    Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, will inaugurate the newly developed 220-bedded ESIC Hospital at Namkum, Ranchi, Jharkhand on 17th April 2025. This state-of-the-art facility marks a significant milestone in strengthening healthcare delivery under the Employees’ State Insurance (ESI) Scheme in the state of Jharkhand. Union Minister of State for Defence, Shri Sanjay Seth along with Shri Pradip Verma, Hon’ble Member of Parliament (Rajya Sabha), Shri Rajesh Kachhap, MLA, Khijri, Ranchi and senior officers of ESIC will also be present on the occasion.

    During the programme, Dr. Mandaviya will felicitate and give Cash Benefits Certificates/Sanction Letters to ESI beneficiaries. He will also felicitate construction workers who were involved in the construction of hospital.

    Originally established in 1987, the ESIC Hospital in Namkum was founded with the primary objective of providing accessible, affordable, and quality healthcare services to insured workers and their families. For over four decades, it has played a vital role in serving the healthcare needs of industrial workers in Ranchi and the surrounding areas.

    To further enhance healthcare services in the region, the Employees’ State Insurance Corporation (ESIC) approved the construction of a 200-bed hospital in June 2018. Construction commenced on 31st May 2018 and has since been completed, with the facility now upgraded to a 220-bedded hospital. In a significant development, ESI Corporation also approved the establishment of a Medical College with 50 MBBS seats in October 2024, with operations set to begin in near future.

    The hospital is well-equipped with essential departments such as General Medicine, Surgery, Gynaecology, Orthopaedics, Ophthalmology (Eye), and Dental, along with various support services. It offers both Outpatient (OPD) and Inpatient (IPD) care, effectively meeting the medical needs of ESI beneficiaries. The upgraded hospital will now also offer speciality and super-speciality treatments, greatly improving access to advanced healthcare services for residents of Ranchi and neighbouring districts.

    The modernised facility is expected to benefit over 5 lakh Insured Persons (IPs) and their dependents, offering improved infrastructure and a broader range of medical services. The hospital complex features a Basement, Ground Floor, and four additional floors, spread across a 7.9-acre campus. New building has been constructed with a cost of 99.06 crore and spread 17559 sq meter area. It is a 4 storey building equipped with 03 modern Operation Theatres (OTs) and provision for one additional Operation Theatres (OTs). It has 34 wards and 6 isolation wards, 40 OPD rooms and enough space for all doctors, administrative officers and staff.

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    Himanshu Pathak

    (Release ID: 2122101) Visitor Counter : 58

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi receives a telephone call from the President of the Republic of Finland H.E. Mr. Alexander Stubb

    Source: Government of India

    Posted On: 16 APR 2025 5:45PM by PIB Delhi

    The leaders review ongoing bilateral collaboration and reiterated commitment to  to further deepen the partnership.

    They exchanged view on regional and global issues

    Prime Minister Shri Narendra Modi had a telephonic conversation with the President of the Republic of Finland H.E. Mr. Alexander Stubb today.

    The leaders reviewed the ongoing collaboration between the two countries including in the areas of digitalization, sustainability and mobility. They reiterated their commitment to further strengthen and deepen the partnership including  in the areas of quantum, 5G-6G, AI and cyber-security. 

    The leaders also exchanged the views on regional and global issues of mutual interest, including the situation in Ukraine.  President Stubb expressed Finland’s support for closer  
    India- EU relations and conclusion of a mutually beneficial FTA at the earliest.  

    The two leaders agreed to remain in touch. 

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    MJPS/SR/SKS

    (Release ID: 2122157) Visitor Counter : 53

    MIL OSI Asia Pacific News