Karnataka Bank partners with JCB India Ltd for equipment financing business

Karnataka Bank has signed Memorandum of Understanding (MOU) with JCB India Ltd, a leading manufacturer of Earthmoving and Construction equipment in India. The tie up arrangement with JCB India Ltd is expected to boost the lending avenues under the Bank’s MSME portfolio.

Under this MoU, JCB will be nominating Karnataka Bank as its Finance Partner where in Individuals/Contractors/Company/Partnership firms/LLP, etc., can avail loans from the Bank at competitive interest rates for purchasing a wide range of world-class equipment from the product line of JCB India Ltd.

Speaking after signing the MoU, Shri Mahabaleshwara M.S, Managing Director & CEO, Karnataka Bank, said, “In line with our focus on credit growth, the Bank is at the forefront of financing MSMEs and we are indeed delighted to have signed an MoU with JCB as they mirror similar values of excellence, integrity and sustainable development. Our Bank is providing various finance schemes for the purchase of machineries/equipment to our customers with attractive rate of interest and speedy sanction of loans through digital platform. At Karnataka Bank, we are strongly committed to provide attractive finance schemes through collaborations of this kind.”

Present on the occasion were Shri. Balachandra Y V, Chief Operating Officer, Shri. Gokuldas Pai, Chief Business Officer, Shri. Vinaya Bhat P J, General Manager, Credit Marketing, Shri. Ravichandran S, General Manager, Credit Sanctions Department, other Executives of Karnataka Bank, and Senior Officials of JCB India Ltd.

Speaking at the Occasion, Mr. Deepak Shetty, CEO and Managing Director of JCB India said:-

“We are delighted to have signed this memorandum of understanding with Karnataka Bank for the financing of JCB machines for our customers. With the Government’s focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Karnataka Bank. But more importantly, it will give greater financing options to our customers while purchasing JCB machines both in Urban and Rural India”.

Govt of India’s NIRF Rankings-2022 Ranked LPU Overall 47th Amongst all Govt and Private Universities in India

India’s Union Education Minister Mr. Dharmendra Pradhan released the ‘National Institutional Ranking Framework (NIRF) Rankings 2022’, today, in New Delhi; where Lovely Professional University (LPU) is declared 47th among all govt & private universities in India. It had jumped 15 positions from last year’s ranking which is one the highest improvement in ranking made by any institution in India.

LPU’s School of Architecture is ranked among the top 12; Law among the top 19; Pharmacy among the top 19; Management in the top 34; Engineering in the top 51 institutions in India. This NIRF score is a reflection of where the institution is standing vis-a-vis other institutions in a similar category.

This year NIRF Rankings 2022 are for eleven different categories such as Overall, University, Management, College, Pharmacy, Medical, Engineering, Architecture, Law, Research Institutions, and Dental.

The participating universities are selected based on the quality of work in, “Teaching, Learning and Resources (TLR); Research and Professional Practice (RP); Graduation Outcomes (GO); Outreach and Inclusivity (OI); and, Peer Perception (PR). As such, NIRF India ranks 2022 are based on India-centric parameters.”

Congratulating all at the different helm of affairs at the university, Dr. Ashok Kumar Mittal, Chancellor, LPU said, “Such a prestigious ranking is just like an annual report card for all to look at what LPU has been laboriously doing and accomplishing during the entire last year, juxtaposed to the thousands of other institutions of the country. This ranking has inspired us all at LPU to keep on going for more strong leaps towards getting LPU included among the top 200 universities of the world within the next few years.

Dr. Mittal also added that this achievement is due to the trust that parents and society as a whole have in our doings in diverse fields of education. As a whole, this top scaling ranking for LPU is towards more consolidation, improvement and expansion in comparison to previous years.

Notably, commenced in 2016, the number of institutions taking part in the NIRF rankings has increased. The ranking announcement is made based on scores assigned by the governmental authority for each of the categories. The Ministry holds that most of the data, particularly about the research, is taken from a third party and authentic sources like Scopus or Web of Science.

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Shoolini retains Top 100 slot in NIRF rankings

SOLAN, India, July 18, 2022 /PRNewswire/ — Himachal-based Shoolini University has retained its position among the top 100 universities in the country for the second year in a row. This was announced at the prestigious National Institutional Ranking Framework (NIRF) 2022 under the Union Education Ministry.

This research-focused premier institution of learning is the only university in the state to claim a spot on the list of top 100 universities. It has been ranked the 96th best university in India. Additionally, it has improved its overall score from 39.5 to 41.19.

More than 7,500 institutions had applied for rankings in 11 categories. A total of 1,876 institutions and universities competed in the overall best category. In the Overall category, Shoolini finds a place in the 101-150 band.

In the subject-wise category, Shoolini University’s Pharma has been ranked 36th, Management falls in the band of 102-125 and Engineering at 125. Pharma, Management and Engineering have retained their number one position among private universities in the state.

Chancellor Prof PK Khosla said over 7,500 institutions had applied for rankings and it was a matter of pride that the university has been ranked among the top 100 universities of the country. He said the competition was stiffer this year with the increase in the number of institutions competing for rankings.

Congratulating the faculty and students for the achievement, Pro Chancellor Vishal Anand said, “This proves our consistent efforts to provide world-class education in a research-centric learning environment.”

Vice Chancellor Prof Atul Khosla said being among the top 100 was a “huge achievement” for the young university and expressed the hope that rankings would be even better next year. He said the university would aim to be among the top 50 universities in the country. “The consistently good rankings of the university in various categories reflect the commitment of the faculty and the students towards making it a world-class university,” he added.

About Shoolini University:

Set up in 2009, Shoolini University of Biotechnology and Management Sciences is a research-driven private university with full-recognition from the UGC. A leading university of India, it is recognised for its focus on innovation, quality placements, and world-class faculty. Nestled in the lower Himalayas, the university has received accreditation from NAAC and it is ranked by the NIRF.

For further information, please visit: https://shooliniuniversity.com/

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IBA Urges MNRE To Double Financial Assistance Under Waste To Energy Scheme to Rs 950 cr

Indian Biogas Association (IBA) has urged the Ministry of New & Renewable Energy (MNRE) to double the central financial assistance under the waste to energy scheme to Rs 950 crore.

The government had earlier allocated a budget of Rs 478 crore.”Indian Biogas Association has requested MNRE to double the Central Financial Assistance (CFA) to Rs 950 crore under ‘Waste to Energy Scheme’,” an IBA statement said.

As per the notification issued on February 28, 2020, in 2019-20 from the MNRE, around Rs 478 crore for 257 MWeq was allocated under the CFA grants.

This Rs 478 crore allocation is way less than the CFA/subsidy needed to achieve the envisaged target under the SATAT (Sustainable Alternative Towards Affordable Transportation) initiative, which is aiming to have 5,000 large-scale Bio-CNG/CBG plants, the statement pointed out.

Considering each plant has an average of 5 tonnes/day of bio-CNG output, it would attract a subsidy requirement of approximately Rs 20,000 crore over a five-year period, it explained.Considering the inflation effect, the CFA amount needs upward revision, it noted.

The IBA is confident that the scheme will soon get the funds and subsidy revival will happen, as per the statement.The IBA has also suggested that the government can release the funds on a pro-rata basis.The adverse impacts of the removal of central financial assistance for biogas plants are already showing in India’s energy transition, IBA pointed out.

The scheme was continued for the biogas plant, but no fund provision was made for the upcoming projects, it added.The scheme used to cover as much as Rs 4 crore/MWel.eq (max up to Rs 10 crore per project), which roughly encompasses 15–25 per cent of the capital cost of a typical large-scale bio-CNG project/plant. The ministry should be prepared for this upfront, the IBA statement said.

The biogas industry can help the government reduce Rs 1.1 lakh crore of imports of fossil fuels if the industry gets the right kind of support, the statement quoted the IBA president as saying.Such support will result in a win-win situation and shall encompass the work done by several ministries, including the MNRE and oil ministry, it added.With crude prices almost doubling globally and CNG prices rising almost 70 per cent, the importance of producing its own BioCNG/CBG fuel should be of prime importance, IBA said.

SPAG LEADING ASIAN INTEGRATED HEALTH,COMMUNICATIONS AND MARKETING AGENCY – JOINS FINN PARTNERS

The Move Makes FINN One of the World’s Largest Agencies in Health Innovation and Increases SPAG Global Service Capabilities and Offerings for Clients

 

SPAG Founder Aman Gupta to Lead FINN Health Practice Throughout Asia;

SPAG Co-Founder Shivani Gupta Appointed FINN Managing Partner, Culture and Brand Reputation, Health Asia

Global independent marketing and communications agency FINN Partners announced today that SPAG, a leading, Asia-headquartered, health-sector communications and marketing firm with offices in Bangalore, Delhi, Indonesia, Malaysia, Mumbai, the Philippines and Singapore joins FINN Partners. SPAG serves global biopharma companies, health trade associations and health provider systems and is one of the region’s top award-winning agencies. Aman Gupta, SPAG founder and managing partner, joins FINN as a managing partner and lead for the Agency’s Health Practice throughout Asia.

SPAG becomes part of the FINN Asian region, overseen by Howard Solomon, founding managing partner, who also leads FINN efforts on the West Coast of the US. In his new role, Aman Gupta will work closely with Global Health Practice colleagues Gil Bashe, Chair Global Health and Purpose, and Fern Lazar, managing partner and Global Health Practice Lead. SPAG Co-Founder Shivani Gupta, joins FINN as managing partner, Culture and Brand Reputation, Health Asia, and will focus on building brand communications and Practice culture throughout Asia. Both become members of the agency’s Global Health Practice leadership team, which is facilitated by Lazar. SPAG Asia will now be branded as “SPAG, a FINN Partners Company.”

The addition of SPAG strengthens FINN’s position as home to one of the world’s largest independent Health Practices, with almost $50 million in revenues. The addition of SPAG Asia increases the FINN total staff to more than 1,300 employees with more than 150 based in Asia with 275 professionals worldwide dedicated to the health sector. There are no staff redundancies or client conflicts.

“Among the hallmarks of SPAG is our recognized passion for our people and clients,” commented Aman Gupta, who, before founding SPAG in 2013, held executive positions at agencies and Bio-

Pharma companies, including Imprimis Life (part of Perfect Relations Group) and Lupin Laboratories and Ranbaxy. “Joining FINN enables us to bring additional cutting-edge services, geographic reach, and health-sector and digital expertise to our clients. During the past year, SPAG and FINN worked side-by-side to support client efforts, and this new relationship – based on shared values – expands our services capabilities and opens doors to wonderful staff opportunities and knowledge-sharing around health developments and best practices.”

Gupta, whose expertise includes Global Health, biopharma and provider health system clients, has been recognized as one of the ‘Top 25 Innovators’ by PRovoke Media, Asia-Pacific, for shaping influence and engagement in an era of dramatic marketing and communications disruption. He was the first and only Asian to make it to the TED Fellow list in 2003. Gupta was also listed in the PRWeek Global Powerbook as one of the brightest and most influential PR professionals worldwide. He has been honored as “Communicator of the Year” for Industry Association at the Fulcrum Awards.

“Asia is paving the way for global health innovation, and clients eager to engage can generate greater value by taking bold, strategic action in the region,” said Peter Finn, CEO and founding managing partner, FINN Partners. “We are proud to welcome this outstanding agency, which shares our passion for client success, to FINN. SPAG and its community affirm the good sense of our acquisition strategy, which focuses first and foremost on partners with shared values and missions. This infusion of health-sector talent in Asia – where we already have great strength in technology and travel in Beijing, Hong Kong, Shanghai and Singapore – builds on our collaborative approach to growth.”

“The addition of SPAG creates a strong connection among existing FINN Health Practice hubs in New York, Beijing, Boston, Chicago, Jerusalem, London, Minneapolis, Nashville, Paris, Portland, San Francisco, Shanghai and Singapore, and opens new opportunities to serve clients globally,” reflected Lazar, managing partner and Global Health Practice Lead. “Aman Gupta, Shivani Gupta, and the entire SPAG/FINN team bring great expertise in public relations and marketing communications in the sector and a keen understanding of how Asia connects to worldwide health markets. We are very excited to continue our collaboration.”

Gil Bashe, said, “The addition of Aman, Shivani and the incredible SPAG team – leaders in health marketing and communications – sends an important message that the greatest achievements of health innovation must reach everyone across the globe to make a difference in public

health. When we consider Asia as a vast region fueling a significant percentage of global venture capital/private equity investments in digital health—$6 billion of $14 billion in the past five years, SPAG knowledge and expertise are key to realizing our shared mission of serving clients to improve human health.”

“After getting to know Peter, Howard, Gil, Fern and the FINN team, it was clear that our values and goals align,” continued Aman Gupta. “Now, by joining our regional and global expertise with the benefits of FINN scale, reach, and highly respected health expertise, we can offer even more to the clients who have supported our agency’s journey. I’m eager to become part of this dynamic community, which recognizes that dedication to a shared mission is essential to unlock human potential and achieve greater success for clients.”

“SPAG and the FINN Health Practice share the perspective that clients need access to high-impact creative across media channels to be successful across the health payer, product innovation, and provider sectors,” said SPAG Co-Founder Shivani Gupta. “Collaboration enables people to tap into each other’s knowledge and apply it to the great challenges facing health innovators of all sizes and sectors. We are thrilled to be on this journey together.”

Mallcom India Ltd Launches “Freddie” Lifestyle Safety Shoes in India with the Vision of Making India Safer

Mallcom India Limited, India’s first integrated manufacturer of Head-to-Toe Personal Protection Equipment, has entered a new segment with the introduction of aesthetically designed lifestyle safety shoes- “FREDDIE’’. While the central government’s initiatives on worker’s safety and health have helped in the better acceptance of PPEs and other safety products, Mallcom India’s lifestyle safety shoe range have set up a benchmark for unparalleled quality which is crafted to perform exceptionally well in almost every work environment but in style.

Being a thriving manufacturer with an extended range of exclusive quality PPE products, Mallcom’s FREDDIE shoe range is progressively working to protect from impact, punctures, slips, trips and fall. The anti-slip, breathable, puncture and abrasion resistant design with vibrant colours and aesthetics make it a perfect choice for everyday life. Mallcom manufactures 3 million pairs of safety shoes each year across all its manufacturing units put together in Kolkata, Ahmedabad and Haridwar. It is also coming up with another unit in Ghatakpukur, Kolkata to ramp up the existing capacity of manufacturing safety shoes. Safety shoes account for one third of the total revenue for Mallcom.

With a motto of providing the best lifestyle safety equipment, Mallcom has been successful in designing the new shoe line- “FREDDIE” in the market. The exclusive design lets everyone enjoy the comfort with cushioned pads, double density PU sole, TPU shock absorber and composite toe cap. Workers from different rough and tough professions like aerospace & aviation, logistics & transportation, warehousing, repair & maintenance, and material handling assembling can use this. Customisation facility with various size and colour options is the USP of this range making every walk of life worthwhile.

Speaking about the new range of lifestyle safety shoes, Mr. Giriraj Mall, Executive Director, Mallcom India, said, “Mallcom India believes in creating a safer India by adding product range, which would not only provide a safe working environment but also have a style quotient. We want to change the way people look at occupational safety industry in India. It is extremely crucial to adapt to newer technologies and implement it for product innovation without compromising on the utility aspect. Our new range of safety shoes have been tested and certified as per EN and BIS standard.”

Taneira Introduces Vegan Visions in Association with TENCEL™ LUXE

Plant based yarn sarees

Taneira, the Indian ethnic-wear brand from the house of TATA unveiled ‘Vegan Visions’, an innovative range of plant based yarn sarees in collaboration with TENCEL™ LUXE today at Luxe by Eden, Cunningham Road, Bengaluru. The event was hosted in the presence of Mr. C. K. Venkataraman, Managing Director, Titan Company Limited, Mr. Ambuj Narayan, Chief Executive Officer, Taneira and Dr. Pranesh Sridharan, Commercial Head – Asia Pacific Middle East and Africa Region, TENCEL™ LUXE.

Vegan Visions

This range of sarees woven from this innovative yarn, brings together the harmonious union of nature and technology that drapes one in elegance. The unique filament of the yarn gives the sarees a heavenly lustre reminiscent of silk while instilling it with a lightness making for a graceful, comfortable drape. Backed by scientific temperament, the strength of the new age yarn is a unique attribute that lends it a long life.

Speaking about this notable initiative, Mr. Ambuj Narayan, Chief Executive Officer, Taneira, said, “At Taneira, as we continue to bring the traditional weaves made of pure and natural fibres from 100+ clusters across India under one roof, we are cognizant of the fact that our consumers are also progressive in their outlook and are exploring new lifestyle choices. Innovation is our ally, to help develop products that suit these contemporary lifestyles. And Vegan Visions – a range of Sarees made for occasion wear and formal wear, with a new plant-based yarn called Tencel Luxe, is a committed step towards our endeavour to keep up with the evolving consumer needs.

While Dr. Pranesh Sridharan, Commercial Head – Asia Pacific Middle East and Africa Region, TENCEL™ LUXE, added, TENCEL™ LUXE is the first innovation in the natural filament yarn industry after over 40 years. It is derived from a plant base. It has a lustre like silk and is very strong. Its strength allows for addition of any amount of surface ornamentation. The Vegan Visions range of Sarees by Taneira, truly celebrate this innovation.”

Starting at a range of INR 4,999/- onwards which goes up to INR 7,999/-, the Vegan Visions range offers a melange of vibrant tones and designs, and is an ideal choice of work wear, festive wear as well as evening wear. The collection is available to shop across select Taneira stores and on the brand’s official website www.taneira.com.

The invite-only launch event saw visible excitement from the guests including saree enthusiasts and patrons and fashion and lifestyle influencers dressed up in fineries adorning various motifs with a contemporary twist interspersed with pleasant music and trays of savouries

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Godrej Group submits Science Based Targets initiative (SBTi) for emission reduction

MUMBAI, India, July 15, 2022 /PRNewswire/ — Godrej Industries Limited and Associate Companies (GILAC) has submitted greenhouse gas (GHG) emission reduction targets to the Science Based Targets initiative (SBTi) for validation. GILAC has evaluated the reductions required in our emissions (Scope I+II+III) across all group companies and has committed to reducing these emissions in line with the globally determined target determined by the SBTi standards committee.

SBTi’s standards are the world’s first science-based certification of companies’ emissions reduction targets in line with the Paris Agreement’s goal of keeping planetary warming to 1.5°C. The targets provide a clear defined pathway for companies to reduce GHG emissions and help prevent the worst impacts of climate change.

GILAC will continue to reduce emissions by continuously upgrading to energy efficiency technologies and process, and increasing the use of clean energy by shifting from fossil fuels to renewable fuels, such as biomass, captive solar, rooftop solar, open access purchase, cogeneration and green storage. GILAC is also exploring low-energy water recovery systems and nature-based climate solutions for carbon capture.

In March 2022, GILAC sourced over 55% of its energy from renewables and has a target of achieving 70% renewables in energy mix by 2025. GILAC is also 50% scope 1 and 2 carbon neutral and aims to be 100% by 2025. By being a part of SBTi GILAC is furthering its ongoing commitment to reduce the environmental footprint of its operations.

Speaking about the commitment, Nadir Godrej, Chairman and Managing Director of Godrej Industries Limited, said, “We’ve taken bold, ambitious emissions reduction targets way back in 2010 and we’ve been reporting our emissions and progress to CDP for a decade. Committing to SBTi was the right next step for us. The commitment is in line with our ambition to reduce our GHG emissions beyond our own businesses and to cover our entire value chain.”

Gayatri Divecha, Head – CSR and Sustainability, Godrej Industries Limited and Associate Companies, says, “Climate science is clear – going beyond 1.5°C global warming will have catastrophic risks for our planet, people, businesses, and profitability. Our world is increasingly interconnected, and we can’t escape this impact. Committing to Science Based Targets initiative (SBTi) is key to integrate environmental sustainability into the heart of our operations and it aligns with our ESG priorities of building a more equitable, inclusive and greener world.”

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KPMG in India announces the launch of its flagship ‘KPMG Innovation Kaleidoscope centre’ in Mumbai

MUMBAI, India, July 15, 2022 /PRNewswire/ — KPMG in India today announced the launch of its first KPMG Innovation Kaleidoscope centre, a collaborative workspace for KPMG in India’s people, clients, and businesses. It is aimed at accelerating an organisation’s innovation journey by engaging with the firm’s experts to develop cutting-edge solutions to help address complex and dynamic business challenges.

Located at KPMG in India’s Nesco office in Goregaon, Mumbai, this innovation centre showcases several solutions that have demonstrated and have been implemented for solving real world challenges. The centre will provide immersive experiences, insights, technology and resources that business leaders seek to move their companies forward, both now and in the future.

The centre also showcases sector-specific transformational solutions that are futuristic, and addresses innovation across processes, strategy, digital and technology adoption.

Speaking on the launch, Yezdi Nagporewalla, CEO, KPMG in India said, “We’ve created a modern collaborative space where organisations and our teams will want to visit, ideate and co-create solutions. This we believe can transform the way we deliver for our clients. It’s all about bringing together the best minds, insights and technology, to innovate and complement the work we do to help organisations through their innovation journey that is transforming the economy.”

Anindya Basu, National Managing Partner, Head – Advisory and Clients & Markets, KPMG in India adds, “The flagship innovation centre has been launched, quite simply, to tap into the infinite opportunities available to us, to connect with great minds in the industry and leverage on the talent within our firm to build digitally enabled solutions for businesses. This will continually provide outcome-oriented experiences for our clients.”

KPMG in India plans to expand these innovation centres to Bengaluru, Gurugram and Noida subsequently.

For more information, please visit the webpage. Please download the pictures of the event HERE

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SKF India Expands its Youth Skilling Program across Three States

On the occasion of World Youth Skill Day, SKF India, announces the expansion of the YES (Youth Empowerment at SKF) program, that focuses on training, skill development and employability of youth, across Gandhinagar in Ahmedabad, Sakrali in Kolkata & Pali at Jodhpur. The YES program reaches out to the underprivileged youth of the country and equips them with industry-relevant skills, thereby improving their employability or helping them become micro-entrepreneurs. These centers will contribute to the overall program goal of skilling 10000 youth for the automotive sector by 2025.

As part of the expansion, SKF will be partnering with implementing partner – Ambuja Cement Foundation to set up dedicated YES centres. To provide the best of theoretical and practical knowledge, the centres will have built-in classrooms and training labs equipped with various models and cut sections of two-wheelers and four-wheelers. The course will have ASDC certification and includes vocational trainings on automobile technician, personality development, management skills and entrepreneurship skills.

Speaking on the occasion, Manish Bhatnagar, MD, SKF India Ltd. said, “To fulfil India’s growth ambitions, we need to focus on skilling the youths of the country. Our aim with the YES program is to equip the youth of our country with both vocational and behavioural skills that will assist them professionally, raise the scope of their employability and help reach their aspirational goals. As a socially responsible corporate, we want all our programs to make a meaningful difference and we will continue to undertake similar initiatives in the future.”

Ravi Nayse, Head of Skilling, Ambuja Cement Foundation said, “We highly appreciate SKF for having selected us as an implementation partner for the YES program. With their knowledge of the automobile industry and our experience in skill training we shall create skilled professionals for the sector and also enable them to secure a better standard of living.

Launched in 2015, YES program aims at empowering the youth with the know-how of modern automobile maintenance and servicing skills to help them gain employment at various automotive OEMs), dealer service network and workshops or become entrepreneurs by setting up their own vehicle service stations. With a target to reach 10,000 beneficiaries by 2025, these short-term programs are conducted across our YES centers to train the youth to work at various automotive OEMs, dealer service network and workshops. Till date, YES has impacted over 4000 students by 70% providing job placement in automobile sectors. Along with technical course YES also focuses on soft skills and basic entrepreneur skills. The courses are designed for 2-wheeler technician and 4-wheeler technician training, service advisor, sales executive, customer care executive & EV course.

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