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Business Standard
10 hours ago
- Business
- Business Standard
Govt to give best of attention to promote GCCs: FM Nirmala Sitharaman
The government would back the development of India's Global Capability Centres (GCCs) whether it was through taxation, legislative support or state administration, Finance Minister Nirmala Sitharaman said on Monday. Speaking at the Confederation of Indian Industry's GCC Business Summit, the FM said, 'There's a lot of work to do. Equally, there is great opportunity for us. So together, with all heads put together, we'll be able to get some concrete steps on which I assure you the best of attention will be given by the Government of India.' Stressing that India should not lose the advantage it has, Sitharaman said that while taxation was one issue being faced by GCCs, there was a need to lubricate the entire administrative and governing mechanism top down to make sure that the advantages are there for everyone to capture across the country. Sitharaman in her Budget 2025 had announced that a national framework would be formulated as guidance to states for promoting GCCs in emerging tier 2 cities. 'This will suggest 16 measures for enhancing availability of talent and infrastructure, building bye-law reforms, and mechanisms for collaboration with industry,' the FM had said in her Budget speech. The FM said that some work had been done on advance pricing and tax-related rulings in the last Budget. Highlighting that the set-up rate of engineering, research and development GCCs had been 1.3 times faster than the overall GCC set-up rate over the last five years, Sitharaman said there was a clear shift towards high value-added work in India. 'India's unique strength lies in its immense talent pool, accounting for 28 per cent of the global Science, Technology, Engineering, and Mathematics (STEM) workforce and 23 per cent of the global software engineering talent,' the FM said, stressing that over 32 per cent of global GCC talent is currently based in India. Sitharaman also said that India's talent is more cost-effective compared to other countries, costing 30–50 per cent less than the US, UK and Australia. Global roles within India GCCs, the FM said, were expected to increase from 6,500 today to over 30,000 by 2030 through robust in-house training programmes that nurture globally ready leadership. 'Over the past decade, India's GCC ecosystem has matured significantly, moving beyond execution to become centres of strategic leadership and transformation. Many GCCs now house high-end roles, including product managers, architects, data scientists and global function heads,' the FM said. Sitharaman highlighted that on average, one new GCC per week was set up in the year 2024, with approximately 50 per cent of Fortune 500 companies establishing their GCCs in India.
Business Standard
10 hours ago
- Business
- Business Standard
fischer Offers Professional Sprinkler Installation for Sprinkler Systems
NewsVoir Bengaluru (Karnataka) [India], July 14: fischer offers sprinkler loop hangers, pipe clamps, beam clamps and fastening elements approved by Germany's Property Insurer Associations FM and VdS, certifying their suitability for safe application in sprinkler systems. Plugs and anchors suitable for sprinkler systems feature CE marking based on the relevant ETA. Sprinkler systems are an important component of fire protection systems, the requirements of which go beyond building regulations in some cases. They are highly effective in extinguishing and making people aware of fire hazards. As a result, they are fitted as standard in many buildings. Mr. Mayank Kalra, Managing Director of fischer India, emphasizes the company's unwavering commitment to delivering robust, certified solutions that meet global standards like FM and VdS. "Sprinkler systems are a critical aspect of modern fire protection solutions, ensuring safety and compliance beyond standard building regulations. fischer continues to set industry benchmarks by prioritizing safety, quality, and compliance. Through reliable and globally certified solutions, the company remains dedicated to safeguarding lives and infrastructure across diverse built environments." Sprinkler systems are an important component of fire protection systems, the requirements of which go beyond building regulations in some cases. They are highly effective in extinguishing and making people aware of fire hazards. As a result, they are fitted as standard in many buildings. Applicable guidelines include the European VdS standard (VdS CEA 4001) and the almost identical EN 12845 (European standard), the American FM standard 1951 (Factory Mutual Insurance Company, FM Global) in addition to the UL standard (Underwriters Laboratories, UL) based on the NFPA 13 (National Fire Protection Association, NFPA). The American standards can complement one another as well as the European standards and guidelines in terms of the requirements when fastening conduits, although there are some differences to be considered when looking at the details. Depending on the guideline, different load specifications apply to pipe supports for sprinkler conduits as a test load or minimum load-bearing capacity or in terms of fastening distances and connection thread sizes when using steel pipes. These regulations cover pipe clamps and loops in addition to all other fastening elements, such as plugs, anchors, beam clamps and trapezoidal sheet hangers. Pipe clamps and loops must be approved and listed under the FM and UL standards. VdS and EN 12845 specify aspects such as minimum material thickness and width requirements that must be met in addition to the specified loads. The fixing specialist fischer offers sprinkler loop hangers (FRLH/FRSP/FCHS), riser clamps (RCWR), U-bolts (ETR), threaded rods/threaded pins (G/GS), beam clamps (TKLS/TKL) and profile hangers (TZ/TZH) that meet these requirements. The KDS toggle plug allows conduits and other components to be easily mounted on the trapezoidal metal sheet in stationary sprinkler systems in a compliant and convenient manner. The height-adjustable threaded rod, which is secured to prevent it from accidentally loosening, allows the components to be practically aligned on trapezoidal metal sheets. Various lengths of the KDS toggle plug cover different applications. Other new additions to fischer's range include the corrosion-resistant TKLG swivel beam clamp, which was designed to safely and easily fasten sprinkler pipes to inclined steel supports thanks to its technical ingenuities. FRLH is a premium sprinkler loop hanger which allows approved sprinkler systems to be installed in buildings with height adjustment and is highly corrosion resistant. FRSMN, a two-screw galvanised heavy-duty pipe clamp without a sound insulation insert, is approved for sprinkler systems and comes equipped with a double connection nut and from DN 300 with an M16 connection nut. The connection nuts are pushed through or welded all round and provide pipe fastenings with a higher bending strength. The version with two screws enables optimised adaptation to the outer diameter of the pipe, which means that pipes with an outer diameter of 15 - 521 mm can be securely fastened with threaded pipes indoors. Another new addition to the range is the ETR-L, fischer's U-bolt with a longer metric thread that offers even more flexibility on top of the ETR when fastening various pipe systems in buildings. The version with two screws enables optimised adaptation to the outer diameter of the pipe. The U-bolt is fastened to steel profiles or consoles. The fischer FETR-C channel connector allows the fischer ETR/ETR-L to be connected to the FUS channel system with ease. It can be freely positioned on all FUS channels, regardless of their hole pattern. fischer's range of products suitable for sprinkler systems includes plugs and anchors deemed suitable for sprinklers as per the VdS and FM standards and features a CE marking based on the relevant ETA. fischer's fixing solutions for sprinklers cover a vast range of applications. Pipe supports can be carried out in concrete (single and multiple fastenings), aerated concrete, trapezoidal metal sheets and in steel construction with suitable all-in-one systems.
Fashion Value Chain
12 hours ago
- Business
- Fashion Value Chain
fischer Offers Professional Sprinkler Installation for Sprinkler Systems
fischer offers sprinkler loop hangers, pipe clamps, beam clamps and fastening elements approved by Germany's Property Insurer Associations FM and VdS, certifying their suitability for safe application in sprinkler systems. Plugs and anchors suitable for sprinkler systems feature CE marking based on the relevant ETA. fischer sprinkler system installation Sprinkler systems are an important component of fire protection systems, the requirements of which go beyond building regulations in some cases. They are highly effective in extinguishing and making people aware of fire hazards. As a result, they are fitted as standard in many buildings. Mr. Mayank Kalra, Managing Director of fischer India, emphasizes the company's unwavering commitment to delivering robust, certified solutions that meet global standards like FM and VdS. 'Sprinkler systems are a critical aspect of modern fire protection solutions, ensuring safety and compliance beyond standard building regulations. fischer continues to set industry benchmarks by prioritizing safety, quality, and compliance. Through reliable and globally certified solutions, the company remains dedicated to safeguarding lives and infrastructure across diverse built environments.' Sprinkler systems are an important component of fire protection systems, the requirements of which go beyond building regulations in some cases. They are highly effective in extinguishing and making people aware of fire hazards. As a result, they are fitted as standard in many buildings. Applicable guidelines include the European VdS standard (VdS CEA 4001) and the almost identical EN 12845 (European standard), the American FM standard 1951 (Factory Mutual Insurance Company, FM Global) in addition to the UL standard (Underwriters Laboratories, UL) based on the NFPA 13 (National Fire Protection Association, NFPA). The American standards can complement one another as well as the European standards and guidelines in terms of the requirements when fastening conduits, although there are some differences to be considered when looking at the details. Depending on the guideline, different load specifications apply to pipe supports for sprinkler conduits as a test load or minimum load-bearing capacity or in terms of fastening distances and connection thread sizes when using steel pipes. These regulations cover pipe clamps and loops in addition to all other fastening elements, such as plugs, anchors, beam clamps and trapezoidal sheet hangers. Pipe clamps and loops must be approved and listed under the FM and UL standards. VdS and EN 12845 specify aspects such as minimum material thickness and width requirements that must be met in addition to the specified loads. The fixing specialist fischer offers sprinkler loop hangers (FRLH/FRSP/FCHS), riser clamps (RCWR), U-bolts (ETR), threaded rods/threaded pins (G/GS), beam clamps (TKLS/TKL) and profile hangers (TZ/TZH) that meet these requirements. The KDS toggle plug allows conduits and other components to be easily mounted on the trapezoidal metal sheet in stationary sprinkler systems in a compliant and convenient manner. The height-adjustable threaded rod, which is secured to prevent it from accidentally loosening, allows the components to be practically aligned on trapezoidal metal sheets. Various lengths of the KDS toggle plug cover different applications. Other new additions to fischer's range include the corrosion-resistant TKLG swivel beam clamp, which was designed to safely and easily fasten sprinkler pipes to inclined steel supports thanks to its technical ingenuities. FRLH is a premium sprinkler loop hanger which allows approved sprinkler systems to be installed in buildings with height adjustment and is highly corrosion resistant. FRSMN, a two-screw galvanised heavy-duty pipe clamp without a sound insulation insert, is approved for sprinkler systems and comes equipped with a double connection nut and from DN 300 with an M16 connection nut. The connection nuts are pushed through or welded all round and provide pipe fastenings with a higher bending strength. The version with two screws enables optimised adaptation to the outer diameter of the pipe, which means that pipes with an outer diameter of 15 – 521 mm can be securely fastened with threaded pipes indoors. Another new addition to the range is the ETR-L, fischer's U-bolt with a longer metric thread that offers even more flexibility on top of the ETR when fastening various pipe systems in buildings. The version with two screws enables optimised adaptation to the outer diameter of the pipe. The U-bolt is fastened to steel profiles or consoles. The fischer FETR-C channel connector allows the fischer ETR/ETR-L to be connected to the FUS channel system with ease. It can be freely positioned on all FUS channels, regardless of their hole pattern. fischer's range of products suitable for sprinkler systems includes plugs and anchors deemed suitable for sprinklers as per the VdS and FM standards and features a CE marking based on the relevant ETA. fischer's fixing solutions for sprinklers cover a vast range of applications. Pipe supports can be carried out in concrete (single and multiple fastenings), aerated concrete, trapezoidal metal sheets and in steel construction with suitable all-in-one systems. fischer Building Materials India Private Limited Ward No. 76, Unit 101, First Level, No. 3 (Old 4 Prestige Sigma, Vittal Mallya Rd, Richmond Town, Bengaluru, Karnataka 560001
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Lavrov, Wang Yi Discuss Ukraine Crisis, Regional Conflicts
Nada Mustafa Russian Foreign Ministry announced on Sunday that Foreign Minister (FM) Sergey Lavrov held talks with his Chinese counterpart Wang Yi on bilateral relations with the United States and prospects for resolving the Ukraine crisis. According to a statement reported by TASS news agency, the two sides discussed relations with Washington and the potential resolution of the Ukraine conflict based on the principles of the United Nations Charter. The talks also addressed pressing global issues, including the Iran-Israel conflict and the situation on the Korean Peninsula. Both ministers expressed satisfaction with the positive trajectory of comprehensive cooperation between Moscow and Beijing. They also reviewed their shared agenda, focusing on the implementation of agreements reached during the May summit held in Moscow. Lavrov arrived in China earlier today to represent Russia at the Shanghai Cooperation Organization (SCO) Council of Foreign Ministers meeting. His visit to China follows a three-day trip to North Korea, where he met with North Korean leader Kim Jong Un and Foreign Minister Choe Son Hui. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
United News of India
2 days ago
- Politics
- United News of India
Lavrov lauds ties with DPRK as show of ‘invincible brotherhood'
Moscow/Pyongyang, July 12 (UNI) Russian Foreign Minister Sergey Lavrov's recent arrival in North Korea marked a significant step in the burgeoning strategic dialogue between Moscow and Pyongyang, with Lavrov lauding the political relationship between Russia and the DPRK as an "invincible brotherhood." This bond, he emphasised, has been demonstrably strengthened by the participation of North Korean soldiers fighting alongside Russian forces in the "liberation" of the Kursk region, an unprecedented level of military cooperation that underscores the deepening ties, reports Russian state media TASS. During the visit, Lavrov signed a plan with his DPRK counterpart Choe Son Hui for exchanges between their diplomatic departments for 2026-2027 during a ceremony in Wonsan, as part of the second round of strategic talks at the foreign ministerial level. The Russian FM also acknowledged Pyongyang's crucial contributions to Russia's ongoing military operations, thanking the North Korean military servicemen for their help in the 'successful liberation of the Kursk Region from Ukrainian Nazis and foreign mercenaries.' He further indicated that the future trajectory of any military cooperation would be 'decided solely by Kim Jong-un,' with Russian President Vladmir Putin maintaining constant communication with him. Beyond military matters, the sides also discussed on issues such as bilateral cooperation, with concrete plans to resume maritime transportation links between the two nations. On the sensitive issues of nuclear posture and diplomacy, Russia issued a stern warning to the United States and its allies, cautioning against any actions that could imperil the security of either Moscow or Pyongyang. Lavrov reiterated Moscow's understanding and respect for North Korea's reasons behind developing its nuclear program, a stance that sets it apart from many other global powers. On the subject of the US, both Russia and North Korea thanked President Donald Trump for his interest in potentially resuming dialogue with Pyongyang, though no further comment was offered on this front. Regarding inter-Korean dialogue, Russia affirmed its willingness to assist only on issues where North Korea expressed its interest in maintaining a respectful distance from internal Korean affairs. In a reciprocal show of support, North Korea's Foreign Minister pledged "unconditional" backing for Russia's territorial integrity, firmly declaring that the relationship between their two nations has reached an "unbreakable" level.
