Latest news with #Ching
Time of India
27-05-2025
- Business
- Time of India
Tata Consumer acquisitions report double-digit revenue growth in FY'25
HighlightsTata Consumer Products Limited reported that the acquired brands Capital Foods and Organic India achieved combined sales of Rs 1,173 crore for the financial year 2024-25. Capital Foods, known for the popular Ching's Secret brand, generated a revenue of Rs 799 crore and a profit of Rs 119 crore, while Organic India reported a revenue of Rs 374 crore with a loss of Rs 1.93 crore. Following the integration of Capital Foods and Organic India, Tata Consumer Products Limited has streamlined operations and explored new market opportunities, particularly in the organic products sector with a focus on wellness portfolio expansion. Capital Food and Organic India brands, which were acquired by Tata Consumer Products Ltd (TCPL) a year ago, have reported a double-digit revenue growth in FY2024-25, according to the latest annual report of the company. "Both the brands "achieved combined sales of Rs 1,173 crore, with Capital Foods revenue at Rs 799 crore and Organic India revenue at Rs 374 crore," the Tata group's FMCG arm said in its report. Both delivered strong gross margins, supported by synergies that also drove EBITDA margin expansion year-on-year, it added. TCPL in January 2024 acquired Capital Foods, which owns popular Ching's Secret brand, and Fab India-backed Organic India for a combined enterprise value of Rs 7,000 crore. Capital Foods reported a profit of Rs 119 crore, while Organic India had a loss of Rs 1.93 crore for the financial year which ended on March 31, 2025. Capital Food's revenue for the financial year ended March 31, 2023, was Rs 705.5 crore and Organic India's revenue was Rs 324.4 crore. TCPL said the recent acquisition of Capital Foods and Organic India has further boosted its product portfolio. It has integrated logistics and warehousing for Capital Foods and Organic India to streamline operations and reduce costs. "With the integration complete and businesses stabilised during the year, we were able to capitalise on the synergy benefits and scale the businesses," it said. Capital Foods continues to build growth momentum with targeted innovation, market innovation, expansion into white spaces and strategic brand collaboration. Its operating margin witnessed growth despite higher investment behind brands including collaboration with PepsiCo India's Kurkure to create a breakthrough limited edition snack that combined its signature Schezwan flavours with Kurkure's iconic texture, this was combined with a high energy media and other marketing campaigns. While for Organic India, TCPL is exploring alternate channels also. "With growing consumer demand for organic products, Organic India can leverage this opportunity, through wellness portfolio expansion and strengthening the brand equity and consumer connect. We are strategically building future ready channels like Pharma and Food Services to drive long term growth," it said.
Epoch Times
22-05-2025
- Business
- Epoch Times
Malaysia Says Government Not Involved in AI Project Using Chinese Huawei Chips
The Malaysian government appears to be reconsidering its previous announcement that its Strategic Artificial Intelligence Infrastructure project would run on DeepSeek and Huawei Ascend chips, which the U.S. Commerce Department recently The Malaysian Ministry of Investment, Trade, and Industry (MITI) on May 21 published a statement addressing media reports that questioned whether the project would violate U.S. export control laws. 'The said initiative was not developed, endorsed, or coordinated by the Government of Malaysia, nor does it form part of any Government-to-Government agreement or nationally mandated technology programme,' MITI The U.S. Commerce Department's Bureau of Industry and Security had on May 13 issued a reminder that Huawei Ascend chips were likely developed in violation of U.S. export controls, and that the Chinese makers used restricted U.S. technology to create the AI chips. Malaysia's statement notes that AI-powered government infrastructure would first go through 'appropriate due diligence and uphold highest standards of applicable global laws' and that 'Malaysia remains committed to full compliance with all applicable export control laws,' referencing the World Trade Organization and affirming its right to set sovereign policies. The statement did not address DeepSeek or the Huawei Ascend chips directly. Related Stories 5/15/2025 5/14/2025 Huawei told Reuters it has not yet sold Ascend chips to Malaysia-based technology infrastructure company Skyvast, its partner in the Malaysia infrastructure project. MITI and Skyvast did not respond to an inquiry from The Epoch Times by publication time. Global AI Race At a launch event on May 19 at the St. Regis Kuala Lumpur, Malaysian Deputy Minister of Communications Teo Nie Ching announced a 'transformative' national AI strategy in collaboration with Huawei, Skyvast, Chinese battery maker Leadyo, and Shanghai Free-Trade Zone executives. In a Ching said there would be a phased rollout of 3,000 Ascend chips by 2026, forming 'the backbone of Malaysia's national AI grid.' She said that for years, Malaysia was kept out of the front of the race by 'foreign infrastructures, cloud dependencies, and barriers to high-performing computing' but that the infrastructure the tech partners were bringing would change all that. 'We are not merely adapting to the age of Artificial Intelligence. We are shaping it, securing it, and leading it. And we are doing so on our terms, with trusted partners, and with the wellbeing of our people at heart,' Ching said. She touted Malaysia's relationship with China, saying the project 'advances one of Malaysia's most strategic bilateral partnerships' and co-develops a new model of 'cross-border AI governance' as the Southeast Asian nation would become China's first international AI partner. Meanwhile, the United States is set to roll out a new AI diffusion rule to position the American AI tech 'stack' as a first choice for international partners. The Malaysia–China partnership was announced a week after the United States revealed AI partnerships with the United Arab Emirates and Saudi Arabia. David Sacks, the Trump administration crypto and AI czar, said on social media platform X that Malaysia's announcement was a 'harbinger of things to come.' 'As I've been warning, the full Chinese stack is here. We rescinded the Biden Diffusion Rule just in time. The American AI stack needs to be unleashed to compete,' Sacks The Biden administration had finalized an AI diffusion rule in January that would have sorted countries broadly into three tiers, with different levels of access to American AI technology. The Trump administration rescinded the rules days before they would have gone into effect in May, and has been in favor of promoting global adoption of American AI technology with a much broader approach than the previous administration, as seen with President Donald Trump's recent multibillion-dollar AI deals in the Middle East. Lawmakers on both sides of the political aisle have Reuters contributed to this report.
Yahoo
19-05-2025
- Business
- Yahoo
Aptos CEO says crypto will power ‘one global market' for everyone
Avery Ching, co-founder and CEO of Aptos, believes crypto is finally ready to deliver on the promises it made over a decade ago — with Aptos playing a starring role. Speaking with TheStreet Roundtable host Scott Melker, Ching made a bold case for why Aptos could become the 'global trading engine' of the future. 'The technology is finally there,' Ching said. 'You have something like an Aptos that can do payments in under a hundredth of a cent. Finality times… about 600 milliseconds today and going to get faster over time.' He added that Aptos could scale to rival — or even surpass — the likes of Mastercard and Visa. That level of speed and efficiency, Ching argued, makes it possible to build a permissionless, composable global trading infrastructure — one that could absorb use cases currently handled by siloed institutions like the NYSE and NASDAQ. 'We can actually build out systems that are going to be one global market,' Ching said. 'An example would be like if you want to take out a loan and then make a trade and then upon the trade do another action — you can string all those things together on a blockchain permissionlessly.' When asked if tokenizing traditional assets is required to reach that level of integration, Ching acknowledged it's not an overnight process — but inevitable. 'We'll start to see even IPOs happening on-chain,' he said. 'It'll be piecemeal… but as time progresses, it starts to become this avalanche of activity.' Ching also touched on financial accessibility, highlighting that 'even for today, a lot of the people in the US don't invest into equities because it's just too hard.' In that context, crypto's ability to create open, borderless financial access becomes revolutionary. With final settlement times faster than Visa and costs far below the SWIFT system, Ching believes the world is on the cusp of a financial overhaul, 'These financial barriers have been completely unlocked… We're going to see the global economy elevated to such a scale that we never imagined.' Aptos is a Layer 1 blockchain built for speed, scalability, and reliability, aiming to support the next generation of decentralized applications. It was developed by former Meta engineers and leverages the Move programming language for enhanced security. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Express
13-05-2025
- Health
- Daily Express
Sabah sees 8.9pc drop in Tuberculosis cases
Published on: Tuesday, May 13, 2025 Published on: Tue, May 13, 2025 By: Mardinah Jikur Text Size: Ching, Maria and other officials at the launching ceremony. SANDAKAN: Sabah recorded an 8.9 per cent drop in tuberculosis (TB) cases in epidemiological week 18 (ME18) up to early May this year, compared to the same period in 2024, said State Health Director, Dr Maria Suleiman. She said a total of 307 TB cases were reported in ME18 this year, compared to 337 cases in the same week last year. Throughout the preceding year, a total of 6,099 TB cases were reported. Up until ME18 this year, the cumulative number of TB cases recorded by the State Health Department (JKNS) is 1,993. 'As for leprosy, six cases were reported in ME18 this year, down from 10 in the same week last year – marking a 40 per cent drop. In total, 57 cases were recorded in 2024, while 35 have been reported so far this year. 'In light of this, JKNS continues to implement various activities and awareness programmes on TB and leprosy to ensure the public remains informed.' She said this during a press conference after attending the State-level World Tuberculosis and Leprosy Day at the PPR Taman Harmoni Hall, here, recently. The event was officiated by Sandakan Parliamentary Coordinator, Tang Tzu Ching, who represented Sandakan MP, Vivian Wong Shir Yee. Also present were Tanjong Papat Assemblyman, Datuk Frankie Poon Ming Fung, Jetama Water Sdn Bhd Chairman, Liau Fui Fui, Sandakan Health Officer Dr Mohd Faiz Gahamat, Senior Principal Assistant Director of the JKNS TB and Leprosy Branch, Dr Michelle May D Goroh, Sabah Anti Tuberculosis Association (Sabata) President Julius Raymond, representatives from the Malaysian Leprosy Relief Association (MaLRA) Sandakan, and others. Dr Maria said early detection and screening are important to ensure patients receive treatment until they fully recover. Meanwhile, Ching acknowledged and appreciated JKNS' ongoing efforts in implementing awareness programmes about the disease. He also urged the public to seek prompt treatment and undergo check-ups at nearby clinics or hospitals, while commending JKNS for conducting mobile X-ray screenings and health examinations at event venues and in remote areas. 'This will also support efforts to achieve the target of eliminating TB by 2035, as set by the health authorities,' he said. Earlier, Vivian said JKNS has undertaken various efforts, not only focused on improving healthcare facilities, human resources, staff welfare, and patient treatment, but also on promoting a healthy lifestyle culture among the people of Sabah. 'This year's theme, 'Unite to End TB: Strengthen Commitment, Funding and Services', also highlights the strong commitment of the Madani Government and the Ministry of Health Malaysia (MOH) to eliminate TB as a public health burden,' she said. Vivian also said to overcome the stigma against leprosy patients and ensure fair and timely access to treatment, public education campaigns and community involvement are essential. 'This can be done through various advocacy efforts that are easy to understand, consistent, and inclusive, covering remote areas and endemic regions. 'In addition, psychosocial support and sharing success stories of recovered patients can help foster acceptance and reduce misconceptions about the disease,' she said. Her text speech was read by Ching.
Yahoo
01-05-2025
- Business
- Yahoo
Career Expo 2025: Helping Hawaiʻi get back to work
HONOLULU (KHON2) — More than 100 employers took over the Neal S. Blaisdell Exhibition Hall on Wednesday, April 30, for the Star Advertiser's Career Expo 2025. Visiting paradise comes with a price: 8 things to know about Hawaiʻi's new tax It's all part of an effort to help aspiring workers with a variety of companies and departments, including those at the City and State levels. The City and County of Honolulu had 14 departments in attendance to help meet one of Mayor Rick Blangiardi's top priorities — recruiting and said they are still on the lookout for federal employees, especially with all the uncertainty coming from Washington, D.C. Potential employees got to choose from a selection of various positions, with some companies even prepared to hire on the spot. 'We [had] careers that those who are finishing college want to come down and check out what's available. We [had] summer jobs available as well,' explained Denis Ching, Star Advertiser Director of Operations and Advertising. Check out more news from around Hawaii Ching added that they hope to help the community by getting people back to work. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
