Latest news with #IBP
Time of India
21-05-2025
- Business
- Time of India
India to defer world's longest river cruise via Bangladesh amid political unrest
India has decided to defer the world's longest river cruise from Varanasi to Dibrugarh via Dhaka due to political instability in Bangladesh. The cruise, which operates along the 3,200-km India-Bangladesh Protocol (IBP) route, has seen reduced interest from foreign tourists following adverse travel advisories after the ouster of the Sheikh Hasina government. Tired of too many ads? Remove Ads India will defer running the world's longest river cruise-from Varanasi to Dibrugarh via Dhaka-till the political situation improves in strife-stricken aware of developments said adverse travel advisories against Bangladesh amid sustained unrest since the ouster of the Sheikh Hasina government last August has dampened interest in foreign tourists-the key target audience for the cruise. The cruise runs on the India-Bangladesh Protocol (IBP) route stretching 3,200 kilometres over a span of 50 in January 2023, the cruise ferried about 60 passengers till date. The maiden voyage ferried 36 tourists from Switzerland over 27 river systems across the two nations. The cruise connected Uttar Pradesh, Bihar, Jharkhand, West Bengal and Assam via Bangladesh. It is currently accepting bookings only for domestic voyages between Varanasi and Kolkata. "Cruise will resume only after elections and political stability in Bangladesh," said an official aware of the plans."Cargo movement on the Indo-Bangladesh Protocol (IBP) route is happening continuously," a senior official told ET adding that no issue has been faced so 4.88 lakh metric tonne cargo moved along the IBP route in April 2025, up from 4.28 lakh metric tonne in March this year. But passenger movement is restricted. While passenger services through Bangladesh are at a standstill, cargo operations are operational albeit at reduced volume."Cargo movement on the IBP route is happening continuously," a senior official said.
Business Insider
20-05-2025
- Business
- Business Insider
Installed Building Products CFO buys $454.5K in common stock
In regulatory filings, Installed Building Products (IBP) disclosed that its CFO Michael Miller bought 2.8K shares of common stock on May 16th in a total transaction size of $454.5K. Shares are up 3.8% afterhours at $167.74. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Economic Times
14-05-2025
- Business
- Economic Times
Anaplan expands operations in India: New local data centre designed for data residency and regulatory compliance
Anaplan, the leading scenario planning and analysis platform designed to optimise decision-making in today's complex business environment, announced the opening of a new data centre in India. This expansion supports Anaplan's previously announced $500 million investment designed to accelerate innovation while expanding the company's global presence. 'In response to the increasing demand for data-driven decision-making, organisations across diverse sectors—including finance, retail, manufacturing, and technology—are seeking scalable, high-performance solutions to improve agility and resilience. Anaplan's addition of our new data centre not only ensures data residency and compliance with local regulations, but it underscores the growing importance of the Indian market,' said Amit Bagga, Managing Director, APAC for Anaplan. Key benefits of Anaplan's new India data centre include: Enhanced performance and low latency: Significantly reduced latency for Indian customers will enable faster processing and real-time insights for critical planning activities, such as financial forecasting, supply chain optimisation, and workforce management. Significantly reduced latency for Indian customers will enable faster processing and real-time insights for critical planning activities, such as financial forecasting, supply chain optimisation, and workforce management. Drive digital transformation: By leveraging advanced data management, analytics, and local data residency, Indian businesses can accelerate their digital transformation initiatives, staying ahead in a competitive market. By leveraging advanced data management, analytics, and local data residency, Indian businesses can accelerate their digital transformation initiatives, staying ahead in a competitive market. Data sovereignty and compliance: The new local data centre ensures customer data remains within India, addressing the growing emphasis on data localisation under regulations such as the Personal Data Protection Bill, and providing enhanced assurance for businesses in regulated industries like Financial Services and Government sectors. The new local data centre ensures customer data remains within India, addressing the growing emphasis on data localisation under regulations such as the Personal Data Protection Bill, and providing enhanced assurance for businesses in regulated industries like Financial Services and Government sectors. Scaling for growth: All Anaplan data centres are designed to support the exponential growth of Anaplan's user base in India, facilitating seamless handling of large-scale, multi-dimensional planning models powered by Anaplan's technology. 'We have been leveraging Anaplan for the past couple of years and have steadily enhanced our Integrated Business Planning (IBP) capability,' said Arun Bhanumurthy, Executive Vice President- Strategy and Transformation , Deepak Fertilisers and Petrochemicals Corporation Ltd. 'Anaplan India is at the cusp of significant growth across industries. As we help our customers navigate increasingly complex supply chains and business operations, it becomes important to offer them the option of local data hosting through our India data centre. With this launch, we are directly addressing a key ask from our global banking and financial services customers, enabling them to partner with us more confidently and compliantly in India,' said Sanket Deodhar, Country Head for India at Anaplan. The India data centre allows existing and new customers in India to leverage its capabilities. As a part of the company's ongoing commitment to expand its presence in the Asia Pacific region, Anaplan anticipates launching a data centre in Indonesia in the first half of 2025, followed by Singapore in the second half. These expansions will ensure that businesses across the region can leverage the latest in data management and analytics, further enhancing their operational efficiency and decision-making capabilities. About Anaplan Anaplan is the only scenario planning and analysis platform designed to optimise decision-making in today's complex business environment so that enterprises can outpace their competition and the market. By building connections and collaboration across organisational silos, the platform intelligently surfaces key insights—so businesses can make the right decisions right now. More than 2,400 of the world's best brands continually improve their decision-making by planning with Anaplan. For more information about Anaplan's solutions and the new data centre, please visit . Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
Time of India
14-05-2025
- Business
- Time of India
Anaplan expands operations in India: New local data centre designed for data residency and regulatory compliance
Anaplan, the leading scenario planning and analysis platform designed to optimise decision-making in today's complex business environment, announced the opening of a new data centre in India. This expansion supports Anaplan's previously announced $500 million investment designed to accelerate innovation while expanding the company's global presence. 'In response to the increasing demand for data-driven decision-making, organisations across diverse sectors—including finance, retail, manufacturing, and technology—are seeking scalable, high-performance solutions to improve agility and resilience. Anaplan's addition of our new data centre not only ensures data residency and compliance with local regulations, but it underscores the growing importance of the Indian market,' said Amit Bagga, Managing Director, APAC for Anaplan. Key benefits of Anaplan's new India data centre include: Enhanced performance and low latency: Significantly reduced latency for Indian customers will enable faster processing and real-time insights for critical planning activities, such as financial forecasting, supply chain optimisation, and workforce management. Drive digital transformation: By leveraging advanced data management, analytics, and local data residency, Indian businesses can accelerate their digital transformation initiatives, staying ahead in a competitive market. Data sovereignty and compliance: The new local data centre ensures customer data remains within India, addressing the growing emphasis on data localisation under regulations such as the Personal Data Protection Bill, and providing enhanced assurance for businesses in regulated industries like Financial Services and Government sectors. Scaling for growth: All Anaplan data centres are designed to support the exponential growth of Anaplan's user base in India, facilitating seamless handling of large-scale, multi-dimensional planning models powered by Anaplan's technology. 'We have been leveraging Anaplan for the past couple of years and have steadily enhanced our Integrated Business Planning (IBP) capability,' said Arun Bhanumurthy, Executive Vice President- Strategy and Transformation , Deepak Fertilisers and Petrochemicals Corporation Ltd. 'Anaplan India is at the cusp of significant growth across industries. As we help our customers navigate increasingly complex supply chains and business operations, it becomes important to offer them the option of local data hosting through our India data centre. With this launch, we are directly addressing a key ask from our global banking and financial services customers, enabling them to partner with us more confidently and compliantly in India,' said Sanket Deodhar, Country Head for India at Anaplan. Live Events The India data centre allows existing and new customers in India to leverage its capabilities. As a part of the company's ongoing commitment to expand its presence in the Asia Pacific region, Anaplan anticipates launching a data centre in Indonesia in the first half of 2025, followed by Singapore in the second half. These expansions will ensure that businesses across the region can leverage the latest in data management and analytics, further enhancing their operational efficiency and decision-making capabilities. About Anaplan Anaplan is the only scenario planning and analysis platform designed to optimise decision-making in today's complex business environment so that enterprises can outpace their competition and the market. By building connections and collaboration across organisational silos, the platform intelligently surfaces key insights—so businesses can make the right decisions right now. More than 2,400 of the world's best brands continually improve their decision-making by planning with Anaplan. For more information about Anaplan's solutions and the new data centre, please visit . Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
Washington Post
08-05-2025
- Business
- Washington Post
Installed Building Products: Q1 Earnings Snapshot
COLUMBUS, Ohio — COLUMBUS, Ohio — Installed Building Products Inc. (IBP) on Thursday reported first-quarter profit of $45.4 million. The Columbus, Ohio-based company said it had net income of $1.64 per share. Earnings, adjusted for one-time gains and costs, were $2.08 per share. The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
