Latest news with #Indian-based
Newsweek
an hour ago
- Business
- Newsweek
Satellite Images Show Giant Port Emerge at World's Biggest Construction Site
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Satellite imagery showed advances in construction of Oxagon, a floating industrial complex that is a key component of Saudi Arabia's Neom, currently the world's largest construction site. Newsweek has contacted Neom for comment. Why It Matters The new port city has a strategic location in one of the world's busiest maritime trade routes connecting Asia, Africa, and Europe. Neom is the flagship element of Saudi Arabia's Vision 2030 aimed at diversifying its economy away from oil dependence. Oxagon, The Line and the Trojena Ski resort are among its most ambitious pieces. Neom has recently announced several progress reports, with a new CEO now in charge of resolving the project's budget overruns and delays amid multiple simultaneous, ambitious, and costly projects. What To Know Images captured by the Copernicus Sentinel-2 satellites showed rapid progress made on Oxagon city and port, set to become one of the world's most advanced port terminals, the facility lies on the Red Sea in northwestern Saudi Arabia. Drag slider compare photos The Port of NEOM has received Saudi Arabia's first fully automated, remote-controlled cranes, marking a key step in boosting Red Sea trade, automation, and tech-driven job creation, the company announced this week on LinkedIn. The Red Sea corridor is a major shipping route linking Asia via the Indian Ocean, to Europe and Africa via the Suez Canal. Oxagon's proximity to the canal, which facilitates almost 12% of global trade, provides it with a strategic edge, according to Blackridge Research & Consulting, an Indian-based specialized market research firm. The port is part of an envisioned cutting-edge industrial city which will fully rely on renewable energy and aims to host some 90,000 inhabitants by 2030, according to the government's vision. Update🚨: Recent images posted by Giles Pendleton (Chief Operating Officer THE LINE at NEOM | Chief Development Officer) of Oxagon, showing immense progress in infrastructure works + Oxagon village is about to have more construction work coming as the site being prepared. — Saud (@Saudfromabove) April 13, 2025 Saudi Arabia's Crown Prince Mohammed bin Salman had announced the establishment of Oxagon in 2021. "It will contribute to Saudi Arabia's regional trade and commerce, and support creating a new focal point for global trade flows," Al-Arabiya's English website quoted him as saying. Neom's Green Hydrogen Company (NGHC) is developing the world's largest green hydrogen facility—a $8.4 billion project— at Oxagon. What People Are Saying Melissa Blake, Port Director at Neom wrote on Linkedin: "Port of Neom is excited to receive the first batch of cranes and other cargo handling equipment as we come another step closer to delivering our vision." Saudi Arabia's Government Vision 2030's website: "Sitting at the crossroads of 3 continents, Oxagon is a place where people, nature and technology come together in harmony." Vishal Wanchoo, CEO of Oxagon said in May: "Industrial development cannot continue at the expense of people or the environment. We're offering a compact, mixed-use city where industry, nature, and community coexist." What Happens Next The port is planned to act as the main trade gateway to northwestern Saudi Arabia, with a smart logistics hub, connects Asia, Europe, and Africa.
Business Standard
2 days ago
- Business
- Business Standard
G.C Chemie Pharmie: Four Decades of Innovation and Trust in Pharmaceuticals and Nutraceuticals
India PR Distribution Mumbai (Maharashtra) [India], June 6: G.C Chemie Pharmie Pvt. Ltd. (GCCPL), a pioneer in India's pharmaceutical, nutraceutical, functional foods, and biopharmaceutical sectors, proudly celebrates over 44 years of innovation and service excellence. Founded in 1981 by visionary entrepreneur Gautam Shah, GCCPL has evolved into a globally connected and innovation-driven enterprise known for its commitment to trust, transparency, and quality. What began as an API trading and distribution firm has transformed into a diversified pharmaceutical powerhouse. GCCPL's impressive timeline of achievements includes: - 2009/2010: Acquisition of Eagle Chemical Works, establishing its own API manufacturing capabilities - 2009: Release of its first vaccine, marking a significant milestone in biopharmaceuticals - 2010/2011: Launch of its P2P division, introducing affordable medicines to the Indian market -2018: Entry into the sports nutrition space - 2022: Creation of a preventive healthcare division with a focus on gynecology and orthopedics - 2023: Establishment of a dedicated vaccine division to expand immunization solutions Driven by a mission to lead through innovative thinking and technology adoption, GCCPL delivers tailored solutions across pharmaceutical, nutraceutical, and functional food categories. The company continues to differentiate itself through its strong regulatory acumen, cutting-edge R & D, and a global network of manufacturing and distribution partners. "At GCCPL, innovation is not a buzzword--it's the foundation of our growth strategy," said Founder and Chairman Gautam Shah. "We're proud to be one of India's few private companies to bring the pneumococcal vaccine to the domestic market, second only to Pfizer." Recent product highlights include UC-II®, a patented undenatured type II collagen supplement, and Pylopass™, a breakthrough strain-based probiotic--both showcasing GCCPL's commitment to introducing clinically backed, innovative health solutions to India. With a sterling reputation for regulatory compliance, deep market research, and financial integrity--as affirmed by CRISIL's highest rating A2+ GCCPL stands as a trusted partner for businesses and healthcare providers seeking reliable, next-generation healthcare products. About G.C Chemie Pharmie Pvt. Ltd. Founded in 1981, GCCPL is an Indian-based pharmaceutical and nutraceutical company with a global footprint. Known for its reliability, innovation, and commitment to quality, GCCPL offers customized, technology-driven healthcare solutions to meet the evolving needs of today's market. The company maintains a strong presence in vaccines, preventive care, functional foods, and advanced supplements.
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Hans India
2 days ago
- Business
- Hans India
India's Best Dedicated Server Hosting [Power-Up with Bare Metal Solution]
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The Hindu
17-05-2025
- Business
- The Hindu
Trump's backing away from tariffs diminishes chances of recession, boosts tech services, says Everest Group founder
The Trump administration's 'backing away from tariffs quickly'' would diminish the chances of a recession in the U.S and this in turn would give a boost to the global tech services market comprising key systems integrators such as TCS, Infosys, Wipro, HCLTech, said Peter Bendor-Samuel, founder and executive chairman, Everest Group. ''There has been a lot of uncertainty in the United States and this has slowed demand for technology. But, it now appears that the Trump administration is backing away from tariffs quickly and the chances of a recession that materially affects the tech services market has diminished,'' Everest Group Founder told The Hindu. He said the U.S. has been showing a fair amount of resilience now, plus there was a significant amount of pent-up demand waiting to be unleashed which has been postponed by the tariff uncertainty. 'However, I see this demand is likely to emerge in the next quarter onwards,' indicating a healthy second half of FY26 for Indian tech providers. Mr. Bendor-Samuel further said all tech services firms were having a tough time with AI deals with the exception of smaller, specialised firms which appear to be gaining traction. According to him, the challenges for the Indian firms are twofold. The first is that most of their clients have not adopted AI in a significant way and are still working on pilots. The second is that when AI is applied to the coding function it creates significant cannibalisation (internal competition between new and old products and services of a company which could adversely impact sales/revenues) and business model issues which are difficult with firms that are currently dependent on offshore or Indian-based production. On the most pressing issues encountered by the IT industry currently, the global analyst commented, ''The uncertainty created by the Trump tariffs and the corresponding delay in spending on discretionary spending is by far the most pressing issue in all tech services markets at this time.'' Lurking behind this were the changes that AI would bring and the likely challenge to the industry operating model, although the latter would not emerge until the tariff questions are answered, observed Mr. Bendor-Samuel. He also said, ''If at all a recession does occur, it is likely that it will send the tech services market into a corresponding swoon and it is likely to contract by 2-3%.''
NZ Herald
09-05-2025
- Sport
- NZ Herald
Kiwi cricketers involved in Indian Premier League returning home to New Zealand, Pakistan-based group head to Dubai
Ex-Black Caps fast bowlers Shane Bond (Rajasthan Royals) and James Franklin (Hyderabad) also hold Indian-based roles. As commentators, former Black Cap Danny Morrison and former White Ferns wicketkeeper Katey Martin have also been in India during this year's tournament. Meanwhile, the New Zealand contingent in Pakistan have already left the country for Dubai in the United Arab Emirates. While on Friday it was announced that the Pakistan Super League (PSL) would relocate to the UAE to complete its 2025 season, it has since been confirmed that the league is suspended indefinitely. As players, Colin Munro, Tim Seifert, Adam Milne, Daryl Mitchell, Michael Bracewell, Finn Allen, Mark Chapman and Kyle Jamieson are the New Zealanders involved. Kane Williamson is also there, in a non-playing role. Former Black Caps coach Mike Hesson is currently in Pakistan with Islamabad United, with fellow New Zealander Ian Butler also with the team as bowling coach. Should the IPL fail to resume within the coming weeks, the Herald understands the league will be moved to a date later in 2025, given India's upcoming tour of England in June. At present, there are 12 regular season games left in the IPL, before the playoffs. There has been no indication of when the PSL will resume, given no dates were specified when the tournament initially announced it would relocate to the UAE.
