Latest news with #IACC
Time of India
24-05-2025
- Business
- Time of India
IACC meet puts spotlight on eight years of progress in UP
Lucknow: The Indo-American Chamber of Commerce (IACC), North India Council, hosted a seminar titled 'Rising UP: 8 Years of Progress' to highlight UP's transformation. Union minister of state Jitin Prasada, deputy chief minister Brajesh Pathak and minister of state (independent charge) Dinesh Pratap Singh attended the event. Several individuals and departments were honoured for their contributions to governance, industry, healthcare, education, literature and law. The animal husbandry and horticulture & food processing departments were awarded for implementing welfare schemes, with Neelam and SK Chauhan receiving the honours. Lifetime achievement awards were presented to retired IAS officers Manoj Singh and Praveer Kumar, former DGP OP Singh and principal secretary K Ravindra Naik. Dr Neelam Vinay was recognised for excellence in robotic and laparoscopic surgery. Awards were also given to theatre veteran Anil Rastogi, journalist Dharmendra Singh and eco-friendly innovator SK Agnihotri. Other awardees included Sushil Mohan Takru (saddlery), Rajkumar Singh (Hindi literature), Mayank Somani (medical innovation), Manjula Goswami (education) and Pranshu Mishra (journalism). Sanjeev Saran, Annu Awasthi, Piyush Singh Chauhan and Sanjay Sinha were also recognised. Speakers praised UP's progress in infrastructure, agriculture and law and order. Seminar convener Mukesh Singh coordinated the event. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
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Business Standard
23-05-2025
- Business
- Business Standard
Sensex rejig: Bharat Electronics shares at record high; UBS upgrades to Buy
Bharat Electronics share price today: Bharat Electronics (BEL) shares hit a new high of ₹389.90, up nearly 2 per cent on the BSE in Friday's intraday trade, on inclusion of the company in the BSE Sensex index. BEL stock will be included in the Sensex index from June 23, 2025. The stock price of the public sector undertaking (PSU) defence company has rallied 55 per cent from its previous month low of ₹252.25, touched on April 7, 2025. Further, in the past one month, it has outperformed the market by surging 26 per cent as compared to a 1.3 per cent rise in the BSE Sensex index. BEL, Trent included in BSE Sensex in index rejig Tata Group-owned Trent, along with Bharat Electronics will become a part of the BSE Sensex index soon. These stocks will replace IndusInd Bank and Nestle India, as a part of the latest rebalancing announced by Asia Index Pvt Ltd, a BSE Ltd subsidiary. Changes in the Sensex index will take effect from the start of trading on June 23, 2025. The index reshuffle is expected to trigger capital movements as funds tracking the Sensex adjust their portfolios accordingly. BEL is likely to see inflows worth about $275 million, or 3.1 times its average daily volume (ADV). Notably, BEL, a key defence stock, has climbed nearly 33 per cent in the last six months. UBS sees significant growth opportunities in BEL; upgrades to Buy UBS has upgraded BEL stock to 'Buy' as it expects a significant order book acceleration in FY25-28E (17 per cent vs 8 per cent previously) with ₹2.4 trillion of the long-term pipeline expected to be converted into orders (FY25-28E new orders of ₹1.4 trillion). This would be on the back of the major platforms that have been integrated/upgraded by BHE (Akash missile system, the IACC control system, L70 gun upgrade, Schilka weapons system, multiple radars), which are, now, combat-proven. This, UBS said, could help BEL book orders/repeat orders in domestic/export markets. Analysts at UBS value BEL stock on 45x 12M forward PE with a price target of ₹450 (vs ₹320 earlier) as the brokerage firm believes the long-term pipeline with a faster translation to revenue is underappreciated by the market. ICICI Securities on BEL ICICI Securities said BEL's order backlog stands at ₹71,650 crore as of March 2025 (3x trailing twelve month or TTM revenues), which provides healthy revenue growth visibility over the next 2-3 years considering the steady execution. Moreover, orders pipeline remains robust for BEL in defence electronic systems (including electronic warfare, radars, communication & control systems, navigation systems, avionics etc. for various platforms), non-defence and exports Management has provided a guidance of ~₹27,000 crore of order inflow in FY26E (~₹2,655 crore worth of orders received in YTDFY26). Orders inflow during FY27E is likely to be even much higher than annual run-rate, with the expectation of large-scale order of Quick Reaction Surface-to-Air Missile (QRSAM) (₹30,000 crore), getting placed with the company. Analysts at the brokerage firm believe that the defence electronics market in India is experiencing significant growth, driven by efforts to boost domestic production and reduce dependence on imports. Operational performance during the quarter remains healthy on a Y-o-Y basis, led by well-planned execution. Management's guidance of ~15 per cent Y-o-Y revenue growth with ~27 per cent earnings before interest, taxes, depreciation and amortisation (Ebitda) margin has been maintained, showing well-planned execution. With healthy order-backlog, robust pipeline and improving execution led by increasing indigenisation, the brokerage firm believes that BEL provides strong earnings visibility. It expects revenue & PAT compounded annual growth rate (CAGR) at ~17 per cent & ~18 per cent respectively over FY25-27E. About Bharat Electronics Bharat Electronics (BEL), is a leading aerospace and defence electronics company. It primarily manufactures advanced electronics products. The company has a diverse product range including radar, missile systems, electronic warfare & avionics, anti-submarine warfare, electro-optics, homeland security, civilian products, etc
Fashion United
23-05-2025
- Business
- Fashion United
Temu supports alliance against product counterfeiting
Temu is supporting action against product counterfeiting and is joining the International AntiCounterfeiting Coalition (IACC). The Chinese online trading platform signed a memorandum of understanding with the IACC, Temu announced on Thursday. This is intended to deepen cooperation on the protection of intellectual property and strengthen efforts to combat online counterfeiting. As a result, Temu is now a founding member of the IACC's Marketplace Advisory Council (MAC), which also includes 'leading online marketplaces, payment providers and global brands'. The e-commerce platforms Amazon and Ebay, as well as the brands Chanel and Nike, are also part of the MAC. 'This memorandum of understanding is a significant step forward in our collaboration, which is based on transparency, accountability and a shared commitment to consumer protection,' said IACC president Bob Barchiesi. 'The IACC created the MAC to bring players together in a way that creates real, sustainable impact – and Temu's participation helps strengthen that vision.' Building towards 'trusted online marketplace' Temu's accession is intended to underscore the platform's commitment 'to building a trusted online marketplace'. A Temu spokesperson said: 'We look forward to working with other industry leaders to jointly take vigorous action against the sale of illegal goods on the internet.' According to its own information, Temu has invested heavily in the protection of intellectual property since its launch in 2022, according to the announcement. This includes seller verification and compliance training, algorithmic monitoring and manual verification, an IP protection portal and a brand register to simplify the filing of applications to block illegal offers, as well as an internal enforcement team. Despite these measures, companies are also repeatedly complaining that the products on the platform look deceptively similar to those in their own range, as DPA reported in December. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Jordan News
22-05-2025
- Politics
- Jordan News
King receives annual reports of Judicial Council, Sharia Courts, integrity commission - Jordan News
King receives annual reports of Judicial Council, Sharia Courts, integrity commission His Majesty King Abdullah II received, in three separate meetings on Wednesday, the annual reports on the Judicial Council, Sharia Courts, and Integrity and Anti-Corruption Commission (IACC) and their conduct of business for the year 2024. اضافة اعلان Meeting with Judicial Council President Mahmoud Ababneh, His Majesty was briefed on the status of the regular courts, the administrative judiciary, and the public prosecution and called for continuing to increase the expeditious and timely adjudication of cases and litigation procedures. The King commended the judiciary's efforts in raising the level of performance. According to the Judicial Council's report, the judiciary has reduced the total number of referred cases by 18 per cent, compared to 2023. The regular courts adjudicated more than 417,000 cases, accounting for 87 per cent of total cases that went before the courts, with an average duration of 57-day litigation in all courts. His Majesty also met with Chief Islamic Justice Abdul Hafez Rabtah and Higher Sharia Court President Kamal Smadi to receive the Sharia Courts' annual report for 2024. The King commended the efforts of the Sharia Courts in enhancing the level of services provided to citizens. His Majesty stressed the importance of the Sharia Courts' role in promoting family cohesion and community protection, while noting the need to develop electronic services for these courts. According to the Sharia Courts' report, there were around 150,000 dismissed or dropped cases, accounting for 86 per cent of total cases. Meanwhile, the courts' family reconciliation and mediation offices succeeded in restoring more than 9,000 families to their normal lives, and diverting 39,000 cases from judicial litigation to consensual agreements. The report also highlighted that the Chief Islamic Justice Department launched a platform offering 73 digital services to facilitate access to judicial services. During the King's meeting with IACC Chairman Muhannad Hijazi on the commission's report, His Majesty praised the efforts of IACC staff. The King urged continuing strengthening the capabilities of the IACC's cadres, and to maintain coordination between official institutions to enhance the national integrity and transparency system. According to the IACC report, the commission recovered, contributed to recovering, or prevented the waste of public funds amounting to around JD61 million, in addition to detecting suspected tax evasion cases amounting to around JD110 million. The IACC also examined more than 2,000 investigation files, referred 197 of them to the public prosecution, and launched an initiative to raise awareness among university students about their role in promoting integrity and combating corruption. Royal Hashemite Court Chief Yousef Issawi and Director of the Office of His Majesty Alaa Batayneh attended the meetings.
Cision Canada
20-05-2025
- Business
- Cision Canada
Temu Partners with International AntiCounterfeiting Coalition to Strengthen IP Enforcement
Joins IACC Marketplace Advisory Council Alongside Global Brands and Platforms SAN DIEGO, May 20, 2025 /CNW/ -- Temu, the global online marketplace, has signed a Memorandum of Understanding (MoU) with the International AntiCounterfeiting Coalition (IACC) to deepen collaboration on intellectual property protection and expand efforts to combat online counterfeiting. The MoU was signed during the IACC's 2025 Annual Conference in San Diego last week. As part of the collaboration, Temu has joined the IACC's newly launched Marketplace Advisory Council (MAC) as an inaugural member. The MAC is a cross-industry forum that includes leading online marketplaces, payment providers, and global brands, aimed at setting a new standard for cooperation in the fight against counterfeit goods. "We're pleased to welcome Temu as an inaugural member of the Marketplace Advisory Council and as a key partner in our shared fight against counterfeiting," said Bob Barchiesi, President, International Anti-Counterfeiting Coalition. "This MoU reflects a meaningful step forward in our collaboration, grounded in transparency, accountability, and a joint commitment to consumer protection. The IACC created the MAC to bring stakeholders together in a way that drives real, sustained impact—and Temu's participation helps strengthen that vision." The MAC offers a collaborative platform where e-commerce platforms, payment companies, and brand owners can work together, share insights, and forge stronger partnerships to address one of the digital economy's most persistent challenges: the proliferation of counterfeit goods online. "Joining this coalition underscores Temu's commitment to building a trustworthy online marketplace," said a Temu spokesperson. "We look forward to collaborating with other industry leaders to create a powerful, collective force against the sale of illegal goods online." Since launching in 2022, Temu has invested heavily in intellectual property enforcement. Measures include: Comprehensive seller vetting and compliance training Round-the-clock algorithmic monitoring supported by manual review A dedicated IP protection portal and brand registry for streamlined takedown submissions An internal enforcement team handling claims with high speed and accuracy In addition to Temu, other members of the IACC MAC include e-commerce platforms Amazon, and eBay; payments providers Mastercard, PayPal, and Visa; as well as global brands such as Apple, Chanel, Colgate-Palmolive, Disney, Ford, Johnson & Johnson, and Nike. Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands, and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.
