Month: August 2024

Intuitive energy management system helps hotels monitor energy consumption across properties and automate energy efficiencies

 

Honeywell (NASDAQ: HON) today announced the launch of INNCOM Direct, an easy-to-install energy management system that uses automation to help improve energy efficiency in mid-market hotel properties. The launch of INNCOM Direct supports Honeywell’s alignment of its business around three compelling megatrends, including automation and the energy transition.   

  

With more than 30% of U.S. hotel rooms typically vacant at any time, INNCOM Direct enables a hotel to manage energy-intensive HVAC systems more efficiently during periods when guestrooms are vacant. 

  

“As hotels become more carbon-conscious, they are taking meaningful steps to show they care about their impact on the environment,” said Billal Hammoud, president and chief executive officer of Honeywell Building Automation. “Until now, mid-market hotels faced fewer options when it came to better managing their HVAC systems with automation. Now, INNCOM Direct is leveling the playing field with an affordable, cloud-based energy management system.”  

  

The INNCOM technology was previously only available to high-end hotel operators. Now, this combination of hardware, software and cloud monitoring provides mid-market, also known as limited-service, hotels with quick setup and portfolio analytics that can be accessed from mobile devices or a dashboard and can be used either on a single property or across an entire portfolio.  

  

Since empty rooms and common areas do not need the same level of heating or cooling, INNCOM Direct uses a proprietary detection system to identify empty spaces and autonomously adjust the temperature without impacting consumer comfort. Similarly, unrented guest rooms can be set to a specific setting that can be heated or cooled to a more comfortable temperature once a guest checks in. If a guest leaves a room for an extended time, INNCOM Direct can change the temperature to an eco-friendlier temperature that is then automatically adjusted when the guest returns.  

 

When it broke ground on its fifth hotel in Spring Hill, Tenn., Halifax Hospitality wanted ways to control its HVAC use, which can consume as much as 25% of the power bill, so it signed on to use INNCOM Direct. At 92,000 square feet and 159 rooms, this hotel is double the size of what the company would have developed a decade ago, leading to higher operational costs.  

  

“Hotel rooms are getting bigger and bigger, and we needed something that will deliver energy savings, especially when guests aren’t using the room or a common area is empty,” said Hitesh Patel, vice president of Halifax Hospitality. “Utility costs are going up just like anything else. We’re always looking to find the next big thing to cut costs where we can.”  

 

 

 

on the PATRIOTIC THEME at Arya Samaj, Sector 7-B, Chandigarh. The Classical Dancers of Tricity Schools: Chandigarh, Panchkula and Mohali have participated enthusiastically.

Sh. Ravinder Talwar, President of Mudra Nrityashala has given warm welcome to The Chief Guest Mrs. Sadhna Sangar who is Eminent Artist and Founder President of Women Empowerment (WE) a group Indian Contemporary Artist Chandigarh. Prizes have been given to the winners of this dance competition.

Mrs. Rohini Pal, Secretary, Mudra Nrityashala, Chandigarh has given vote of thanks to Bharat Vikas Parishad, Chandigarh for their collaboration to organize this dance competition. The results are mentioned below:

Solo Dance Competition:

First Position                     : Ms. Aishani – Saupin’s School, Sector 32, Chandigarh

Second Position               : Ms. Arohi – Hansraj Public School, Sector 6, Panchkula

Third Position                   : Ms. Saachi – Yadvindra Public School, Mohali

Group Dance Competition:

First Position                    : St. Anne’s Convent School, Sector 32, Chandigarh

Second Position               : DAV Public School, Sector 39, Panchkula

Third Position                   : Stepping Stone Sr. Sec. School, Sector 37-D, Chandigarh

 

·         Ambuja Cements and ACC launch new brand films to celebrate the spirit of independence by paying tribute to all the Indians that make India.

·         Ambuja Cements’ brand film titled ‘Tum Virat Ho’ honours the remarkable individuals who have dedicated their lives for the betterment of their country.

·         ACC’s brand film titled ‘The Bridge of Unity’, celebrates the unity found amidst the diverse glory of India.

 

Ambuja Cements and ACC, the cement and building material companies of the diversified Adani Portfolio, pay their tribute to all Indians on the nation’s 78^th Independence Day, by proudly launching new brand films. The films, Ambuja Cements’ ‘Tum Virat Ho’ and ACC’s ‘The Bridge of Unity’, honour the remarkable individuals who have dedicated their lives for the betterment of their country, and celebrate the unity found amidst the diverse glory of India.

 

Mr. Ajay Kapur, CEO – Cement Business, Adani Group, reflects on the spirit of India, saying, “For many decades, we have been at the forefront of building a better and stronger nation. This Independence Day, as a tribute to all Indians, we are proud to launch two thought-provoking brand films celebrating our nation’s indomitable spirit. Ambuja Cements’ film glorifies Indians who are not superheroes but real people whose actions make them the giants who make India ‘Mazboot’ and to whom we can proudly say ‘Tum Virat Ho’. ACC’s film is an ode to India’s strength in the willingness of people to come together and celebrate each other.”

 

With ‘Tum Virat Ho’, Ambuja Cements appreciates the outstanding selfless individuals, who embody resilience and strength. From Ladakh to Tamil Nadu, Mumbai to the Sundarbans, these individuals are dedicating their all for the betterment of the nation, helping provide education to children, accessible medical facilities to many and a cleaner and greener environment for the future.

 

ACC’s brand film ‘The Bridge of Unity’, highlights the diversity of India. And yet, for all that sets us apart from another, the people of this great nation have always found a common ground to come together. For 88 years, through all that ACC has built, it has strived to push the nation forward by bringing its people and cultures closer together.

 

Ambuja Cements and ACC are committed to building nations with goodness, and there is no better occasion to celebrate this spirit of coming together than the Independence Day.

 

 

Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its financial statement for H1 2024, reporting record revenue growth.

 

In the first six months of 2024, Vietjet’s operations outperformed those of pre-pandemic 2019. The airline transported a total of 13.1 million passengers on 70,154 safe flights in H1 2024.

 

In Q2 2024, Vietjet reported air transport revenue of VND 15.128 trillion (approx. US$ 601.68 million) and a pre-tax profit of VND 517 billion (approx. US$ 20.57 million), growing by 23% and 683% respectively year-on-year (YoY). Cumulative air transport revenue for the previous six months reached VND 32.893 trillion (approx. US$ 1.3 billion), up 31% YoY. Pre-tax profit was recorded at VND 1.174 trillion (approx. US$ 46.77 million), surging by 690% YoY.

 

Vietjet reported H1 consolidated revenue of VND 34.016 trillion (approx. US$ 1.35 billion) and consolidated pre-tax profit of VND 1.311 trillion (approx. US$ 52.22 million), increasing by 15% and 433% respectively YoY. The profit exceeded 21% of the H1 target.

 

As of June 30, 2024, Vietjet's total assets reached over VND 91.755 trillion (approx. US$ 3.65 billion). The debt-to-equity ratio remained around 2, while the global average was 5. Cash and cash equivalents at the end of Q2 were reported at VND 4.1 trillion (approx. US$ 163.18 million).

 

According to Saigon Ratings, an independent credit rating organization, Vietjet has maintained a long-term credit rating of vnBBB- with a “Stable” outlook. Based on the airline’s remarkable ongoing recovery and proactive preparations for future plans throughout 2022 and 2023, Vietjet is expected to achieve breakthrough developments faster and more sustainably in the medium and long term.

 

Vietjet paid a total of VND 3.687 trillion (approx. US$ 146.78 million) in direct and indirect taxes and fees in the first half of 2024.

 

Leading International Expansion

 

Vietjet is operating more than 149 routes across Vietnam and internationally, including 38 domestic and 111 international routes. Vietjet has launched new routes connecting Ho Chi Minh City with Xi'an (the capital of Shaanxi Province, China), Phu Quoc with Taichung and Kaohsiung (Taiwan, China), and Ho Chi Minh City with Vientiane. The airline has also announced the Nha Trang – Daegu (South Korea) route, expected to commence operations in October 2024. This milestone marks Vietjet as the largest airline in terms of routes connecting Vietnam and South Korea after a decade-long journey that saw 10 million passengers fly across more than 37 routes between the two countries.

 

Regarding the Asia-Australia transcontinental route, Vietjet has added two routes from Hanoi to Melbourne and Sydney, bringing the total number of routes between Vietnam and Australia to seven. This expansion further facilitates bilateral travel, tourism, investment, trade, overseas study, and family visits. Along with the five routes from Ho Chi Minh City to the largest cities in Australia, Vietjet now operates the most routes between Vietnam and Australia with 58 flights per week.

 

Growing a Modern, Green Fleet

 

Operating a fleet of more than 105 aircraft (including Vietjet Thailand), with an annually growing number of passengers, Vietjet is actively expanding its flight network transcontinentally and developing a new, modern, and environmentally friendly fleet. Embracing a strategy and vision of building and developing aviation human resources of international standards, Vietjet Aviation Academy (VJAA) has become a training partner of the International Air Transport Association (IATA).

 

In the first half of 2024, VJAA trained more than 43,000 students in 3,898 courses, including pilots and aircraft engineers (CRS). The academy also put the third simulation cockpit into operation, continuing to be the leading international pilot training center in the region. Vietjet has welcomed many trainees to study in a multinational working environment, providing them with knowledge and practical experience. The airline also collaborates with universities for career orientation for students, introducing work opportunities at Vietjet.

 

During flights on National Unification Day (April 30) and International Labor Day (May 1), Vietjet introduced the image of a reformed and integrated Vietnam. During Children's Day (June 1), International Women's Day (March 8), Valentine's Day (February 14), and other occasions, Vietjet flights were filled with a festive mood, offering unexpected and meaningful gifts for passengers.

 

At the 2024 Tourism Festival, Vietjet led the Summer Parade, leaving a great impression on locals and international tourists with its meaningful message “Protect the blue planet” to promote environment and wildlife protection for a bright future for all. Vietjet is pioneering research for the development and use of sustainable aviation fuel, aiming to become a green airline that leads in technology and activities associated with sustainable development.

 

To increase capacity for the development of the global flight network, Vietjet and Airbus signed an order for 20 new generation wide-body A330neo (A330-900) aircraft worth US$ 7.4 billion at the Farnborough International Airshow 2024.

Vietjet was honored by International Finance as the “Best Low-cost Airline in Southeast Asia” and “Best Finance-Management-Aviation-Vietnam”; “Best Ultra Low-cost Airline” and “Best Low-cost Airline Onboard Hospitality” by AirlineRatings; and was listed in Forbes' top 50 best listed companies in Vietnam in 2024.

 

The year 2024 has marked the airline’s new milestone of comprehensive development with its expansive mid-range international network, ready to meet domestic transport demand while preparing for even more international routes.

Additionally, in India, the airline has established several strategic expansions, operating a total of 29 weekly round-trip flights and creating direct connections between Vietnam and four key Indian cities – New Delhi, Mumbai, Ahmedabad, and Kochi. VietJet’s footprint and connectivity between Vietnam and India are well established, expanding through modern fleets, dedicated crews, and attractive promotions specific to Indian customers.

 

The leading sports nutrition brand has announced their ‘Flavours of India, Flavours for India’ campaign to mark the 77th anniversary of independent India

Myprotein, a leading name in the world of sports nutrition, is set to commemorate India’s 78th Independence Day with an innovative campaign named, “Flavours of India, Flavours for India”. This initiative seamlessly blends India’s rich heritage with contemporary fitness trends, offering a nostalgic yet refreshing experience for fitness enthusiasts across the nation. Embracing the roots of Indian culture, the campaign draws inspiration from the indigenous flavours of India.

Inspired by India’s diverse culinary landscape, the campaign “Flavours of India, Flavours for India” will also feature the introduction of new flavours such as Orange & Saffron Clear Whey Isolate, Apricot & Pomegranate Clear Whey Isolate, Pista Impact Whey Isolate, Clear Whey Sharbat, and the much-anticipated Kesar Badam blend across the Impact Whey Protein, Impact Whey Isolate, and the Impact Gainer Blend product portfolio. Aimed to capture the essence of popular Indian ingredients but also evoke the nostalgia of traditional treats, flavours such as the Kesar Badam and Pista offerings provide Indian consumers a delightful connection to familiar tastes and refreshing experiences.

In addition to its commitment to catering to the evolving tastes and preferences of Indian consumers, Myprotein India will also elevate its Independence Day celebrations with a series of activities. The overall campaign aims to celebrate the nation’s freedom while highlighting the intersection of traditional Indian culture and modern fitness trends. It will merge 'traditional versus modern' India by showcasing indigenous workout techniques alongside international fitness trends. The celebrations will feature offline events with Myprotein ambassadors, personalities, and celebrities such as Pradeep Krishnan, Harsh Beniwal, Karan Gulati, Prachi Choudhary, Rohit Khatri, Prathamesh Maulingkar, complementing the campaign’s social-first approach.

Speaking about the campaign, Ms. Sudeshna Saha, Regional Manager at Myprotein India, said, “India’s spirit is a beautiful blend of tradition and modernity. With ‘Flavours of India, Flavours for India’ campaign, Myprotein India aims to encapsulate this essence. Our new product range features flavours that everyone in India loves and savours, representing a true celebration of India’s rich culinary heritage. We believe this campaign will not only delight taste buds but also inspire a holistic approach to wellness, merging the best of both worlds.”

 

·         Ambuja Cements’ RKBA Limestone Mine receives a 5-Star Rating for 2022-23 at a ceremony by Indian Bureau of Mines (IBM) and Ministry of Mines.

·         Award presented by honourable Union Minister for Coal & Mines, Shri G, Kishan Reddy.

·         Recognition for sustainable mining, community welfare, and environmental protection.

 

Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, proudly announces that itsRampara, Kukaras, BhetaliandAnandapara(RKBA) Limestone Minein Gir Somnath district, Gujarat, has been honoured with a stellar 5-Star Rating for the year 2022-23. The award, presented by the honourable Union Minister for Coal & Mines, Shri G.Kishan Reddy, at a ceremony by the Indian Bureau of Mines (IBM) and Ministry of Mines in New Delhi, highlights its dedication to sustainable mining, community welfare, and environmental stewardship.

RKBA Limestone Mine, located in Ambujanagar, stands out for its exceptional performanceand is among the 68 minesacross India which have been 5-Star Rated including limestone, iron ore, bauxiteand other types ofmines.This accolade showcases its commitment towards responsible operations that prioritise both community development and environmental protection, contributing significantly to India’s sustainable future.

The mine is known for its high-quality limestone, essential for various industrial applications. It operates with advanced technology and sustainable practices, ensuring minimal environmental impact.

Ambuja Cements' commitment to industry leadership through sustainable practices and community-focused initiatives is exemplified by this honour for RKBA Limestone Mine.

2024 grant awardees to receive up to INR 1.5 CR (SGD 250,000) in funding

Applications open until August 31, 2024

DBS Foundation celebrates its 10th anniversary; SGD 17 million awarded in grants to 140 Businesses for Impact since 2014

DBS Foundation is inviting applications for its 2024 Grant, which provides funding to innovative, purpose-driven businesses tackling pressing social challenges across Asia.

Now in its tenth year, DBS Foundation is committed to uplifting the lives and livelihoods of vulnerable communities. This year, the grant will focus on scaling innovative and impactful solutions providing access to essential needs such as healthcare, basic education, and shelter, or equipping communities with the skills and opportunities to build better circumstances. Enterprises are eligible to apply for the grant until August 31, 2024.

The DBS Foundation Grant will help enterprises fund various growth initiatives, including entering new markets, R&D for new products, enhancing product or service offerings, and building the infrastructure required for growth. Beyond funding, recipients of the Grant can also tap into the bank’s expertise, resources, and networks for capacity-building, mentorship, and preferential banking solutions.

Since 2014, DBS Foundation has provided over SGD 17 million in grant funding to some 140 Businesses for Impact (BFIs) – businesses with a dual bottom line of profit and impact – to grow sustainably and create social and/or environmental impact. It has also nurtured 1,200 others via various development and support programs.

The DBS Foundation Grant seeks to address funding challenges faced by purpose-driven social enterprises and small-and-medium enterprises (SMEs). It bridges this gap by providing flexible capital tailored to their needs. Unlike conventional capital focused on near-term returns, the DBS Foundation Grant takes a long-term view on nurturing impact-driven enterprises. It provides a crucial runway for innovators to capitalise on and scale their models sustainably before profitability kicks in, while helping these businesses align their mission with their growth strategy.

In 2023, 24 BFIs from across six markets were awarded the DBS Foundation Grant to create a positive impact and accelerate growth. These enterprises aimed to benefit one million people from underprivileged segments by increasing access to solutions and providing daily needs; abate and/or save 30,000 tonnes of greenhouse gas emissions; and collect, reduce, or recycle 50,000 tonnes of waste by the end of 2025. Indian businesses—Project Baala, Green Worms, Zerund Manufacturing, KaroSambhav, and Sustainable Solutions (ReCircle)—were among the recipients of the grant. Enterprises such as Phool, Haqdarshak, and S4S Technologies have also been past recipients.

AzmatHabibulla, Managing Director – Group Strategic Marketing & Communications, DBS Bank India, said, “Through the DBS Foundation Grant, we support changemakers who trust their spark and pursue their passion to make a meaningful difference in the world. We back high-potential, high-impact enterprises and help accelerate innovations that address pressing societal and environmental challenges. As DBS Foundation marks its tenth anniversary in 2024, we continue to integrate these purpose-driven businesses into our ecosystem in a meaningful way, leveraging our collective strengths to drive an impact beyond banking.”

Social enterprises and SMEs that are registered in the bank’s six key markets in Asia (Singapore, Hong Kong, China, Taiwan, India, and Indonesia) can apply for the grant. Applicants will be assessed based on the following criteria:

·         At least 2 years of track record in delivering and measuring social impact with vulnerable communities.

·         An innovative business and impact model with proven market traction and strong revenue growth.

·         Clear and focused plans to use the grant funding to commercialise and scale the business and impact over the next 2 years.

·         Strong leadership with a clear commitment toward building a sustainable business for impact, and a strong team with relevant expertise and experience.

All applications for the DBS Foundation Grant received before August 31, 2024, 9:30 PM IST will be evaluated for this year’s installment, and applications received thereafter will be evaluated in the next cycle.

In 2023, DBS Bank announced that it will deploy up to SGD 1 billion over the next 10 years[i] to improve the lives and livelihoods of the underprivileged and underserved and foster a more inclusive society. Funds will be allocated towards programs that aim to support this vulnerable segment in the community, which will include helping them with immediate daily needs, such as food and housing, improving access to education, and equipping them with important life skills such as digital and financial literacy.

For more details on the DBS Foundation Grant and guidance on applications, please visit: DBS Foundation Grant