Latest news with #MINT
India Today
4 days ago
- Business
- India Today
Adani Ports, Adani Enterprises: Why are Adani Group shares in focus today?
Adani Group said it has no links to the vessels mentioned in the report. Adani denies report linking it to Iranian LPG shipments Shares of Adani Ports and Adani Enterprises fall Other group company stocks also decline marginally Shares of Adani Enterprises Ltd (AEL), Adani Ports and Special Economic Zone (APSEZ), and other companies within the Adani Group came under pressure on Tuesday after a Wall Street Journal (WSJ) article alleged links between Adani entities and Iranian liquefied petroleum gas (LPG) shipments. The Adani Group has firmly rejected the report, calling it "baseless and mischievous", and stated it has "no knowledge of any investigation by US authorities." As of 9:41 am, both Adani Ports and Adani Enterprises were the top losers on the NSE Nifty50, down 1.5% each. Other companies in the Adani portfolio also saw marginal declines in early trade. In a detailed statement, the conglomerate refuted the claims made by the WSJ. 'Adani categorically denies any deliberate involvement in sanctions evasion or trade of Iranian-origin LPG,' the group said, adding that any suggestion of the group knowingly breaching US sanctions is 'false, defamatory, and intended to damage the Adani Group's reputation.' Adani Group further clarified that none of its ports handle Iranian cargo, be it from Iran, under the Iranian flag, or managed by Iranian entities. The company also emphasised that its LPG-related operations are minor within its business portfolio. For FY2025, the LPG segment contributed $171.2 million, or just 1.46%, of AEL's total consolidated revenue of $11.73 billion. 'All LPG transactions by Adani entities comply fully with domestic and international laws, including U.S. sanctions,' the group said, highlighting that its LPG is sourced only from reputable suppliers after rigorous due diligence and KYC procedures. These checks ensure none of the suppliers are listed by the US Office of Foreign Assets Control (OFAC). AEL also noted that it does not manage LPG shipments directly. 'The logistics of LPG trade are managed by well-established third-party international suppliers and logistics firms, which manage shipping in accordance with global compliance standards. The supplies are under valid contracts with the supplier having specific clauses that the product should be from non-sanctioned countries,' said Adani Group. To ensure compliance, the group said it monitors all vessel activity via S&P Global's Market Intelligence Network (MINT), which flags any violations. Addressing the specific shipment cited in the WSJ report, Adani clarified that it was 'a regular commercial transaction facilitated by third-party logistics, with Sohar, Oman, listed as the port of origin.' Adani Group said it has no links to the vessels mentioned in the report. 'We do not own, operate, or track the vessels cited in the report, such as SMS Bros or Neel, and cannot comment on their operations," said the company. 'We have met all obligations expected of a bona fide importer,' the statement concluded. Shares of Adani Enterprises Ltd (AEL), Adani Ports and Special Economic Zone (APSEZ), and other companies within the Adani Group came under pressure on Tuesday after a Wall Street Journal (WSJ) article alleged links between Adani entities and Iranian liquefied petroleum gas (LPG) shipments. The Adani Group has firmly rejected the report, calling it "baseless and mischievous", and stated it has "no knowledge of any investigation by US authorities." As of 9:41 am, both Adani Ports and Adani Enterprises were the top losers on the NSE Nifty50, down 1.5% each. Other companies in the Adani portfolio also saw marginal declines in early trade. In a detailed statement, the conglomerate refuted the claims made by the WSJ. 'Adani categorically denies any deliberate involvement in sanctions evasion or trade of Iranian-origin LPG,' the group said, adding that any suggestion of the group knowingly breaching US sanctions is 'false, defamatory, and intended to damage the Adani Group's reputation.' Adani Group further clarified that none of its ports handle Iranian cargo, be it from Iran, under the Iranian flag, or managed by Iranian entities. The company also emphasised that its LPG-related operations are minor within its business portfolio. For FY2025, the LPG segment contributed $171.2 million, or just 1.46%, of AEL's total consolidated revenue of $11.73 billion. 'All LPG transactions by Adani entities comply fully with domestic and international laws, including U.S. sanctions,' the group said, highlighting that its LPG is sourced only from reputable suppliers after rigorous due diligence and KYC procedures. These checks ensure none of the suppliers are listed by the US Office of Foreign Assets Control (OFAC). AEL also noted that it does not manage LPG shipments directly. 'The logistics of LPG trade are managed by well-established third-party international suppliers and logistics firms, which manage shipping in accordance with global compliance standards. The supplies are under valid contracts with the supplier having specific clauses that the product should be from non-sanctioned countries,' said Adani Group. To ensure compliance, the group said it monitors all vessel activity via S&P Global's Market Intelligence Network (MINT), which flags any violations. Addressing the specific shipment cited in the WSJ report, Adani clarified that it was 'a regular commercial transaction facilitated by third-party logistics, with Sohar, Oman, listed as the port of origin.' Adani Group said it has no links to the vessels mentioned in the report. 'We do not own, operate, or track the vessels cited in the report, such as SMS Bros or Neel, and cannot comment on their operations," said the company. 'We have met all obligations expected of a bona fide importer,' the statement concluded. Join our WhatsApp Channel
Cision Canada
27-05-2025
- Business
- Cision Canada
Digital Supply Chain Transformation Accelerates in Life Sciences as New Partners Join the TraceLink OPUS Partner Program
BOSTON, May 27, 2025 /CNW/ -- TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, announced significant momentum in its OPUS Partner Program, which has grown by 35% since April 2024. This growth reflects surging demand across life sciences for digital supply chain transformation—and trusted partners who can operationalize these advanced solutions to maximize ROI and drive long-term value. Digital Transformation, Powered by Partners Partners now account for more than 50% of all new business, up from 25% in 2024. The majority of new MINT (Multienterprise Information Network Tower) engagements will include a designated partner, reflecting TraceLink's commitment to delivering deeper, faster value to customers. This partner-first approach ensures that customers are supported by specialized experts who guide strategic supply chain design, operationalize change management, and help rearchitect and support supply chain IT landscapes to meet evolving demands. Underpinning this growth is TraceLink's Orchestration Platform for Universal Solutions (OPUS), which equips partners with no-code configuration capabilities to rapidly create and deploy tailored solutions. Combined with TraceLink's global B2N Integrate-Once™ network of 291,000+ verified entities, partners can expand services, accelerate implementations, and empower customers with greater supply chain agility and resilience. "Partnering with TraceLink has been instrumental in helping us deliver cutting-edge supply chain solutions to our customers," said Peter Bigelow, CEO, SCmple. "This partnership not only improves our ability to drive digital transformation but also empowers our customers with the agility and operational excellence needed to navigate today's complex supply chain landscape." New Solution and Technology Partners Strengthen TraceLink's Growing Ecosystem TraceLink continues to build a robust, global ecosystem by welcoming new Solution Partners and Technology Partners who share a common goal—delivering measurable outcomes for customers and accelerating digital transformation. Solution Partners provide implementation, optimization, and change management expertise, helping customers fully realize the value of their TraceLink investment. New partners include Arcolab, Clarkston Consulting, Sikich, and ZS. Technology Partners integrate their platforms with TraceLink's multienterprise supply chain network to enable seamless interoperability across ERP, WMS, IMS, and supply planning systems. New additions such as Kinaxis, SCmple, Softeon, and Slingshot Pharma strengthen the platform's orchestration capabilities. "The rapid expansion of the TraceLink OPUS Partner Program reflects the growing demand for intelligent, end-to-end supply chains," said Shabbir Dahod, President and CEO of TraceLink. "Our partners are not just supporting implementations—they're enabling innovation, driving revenue growth, synchronizing supply and demand, and helping customers rethink the architecture of their supply chains." Delivering Impact: 159 Partner-Led Deals and a 4.5x+ Services Multiplier TraceLink partners have led 159 customer engagements across MINT and track-and-trace/serialization deals, with 57 projects in the last six months alone. These engagements demonstrate the program's reach and its value creation potential. The service opportunity for partners is substantial, with the majority of customers seeking a Solution Partner, and the services multiplier averages 4.5x, with many engagements reaching 10x or higher. Partners help customers move beyond the foundational digitalization capabilities to unlock sustained value through orchestration and data-driven supply chain operations. Introducing OPUS Link Lab: Accelerating Partner Innovation To accelerate partner-led innovation, TraceLink is launching OPUS Link Lab (OLL), a secure, pre-production sandbox environment where Solution and Technology Partners can use no-code tools to design, test, and validate new multienterprise solutions, reports, dashboards, and integrations. With preloaded access to base solutions like MINT, OLL enables rapid prototyping, system interoperability testing, and hands-on platform training. Launching in June 2025 through a phased early access program, OLL will also serve as the launchpad to the upcoming OPUS Marketplace, where validated partner solutions can be listed and commercialized across TraceLink's global customer and partner network. Sign up for early access to OLL. Unlocking Opportunities at FutureLink Barcelona At FutureLink Barcelona 2025, TraceLink's premier industry event, partners and customers alike will explore how to harness the power of OPUS and MINT to orchestrate next-generation supply chains. With 60+ sessions, workshops, and immersive experiences, Solution and Technology Partners will gain first-hand insight into the platform's newest capabilities—and how to help their clients accelerate transformation, improve compliance, and build more resilient supply networks. Join the Future of the Global, Digital Life Sciences Supply Chain The TraceLink OPUS Partner Program empowers partners with industry-leading tools, training, and business opportunities. For customers, it ensures that every implementation is supported by a knowledgeable ecosystem of experts who help deliver faster time to value. Learn more about the TraceLink OPUS Partner Program and register for FutureLink Barcelona today. About TraceLink TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling orchestration through a globally connected digital network of more than 291,000 entities. Businesses rely on TraceLink to ensure complete supply chain visibility, product traceability, and secure medicine delivery—driving better health outcomes for every patient, everywhere.
Cision Canada
15-05-2025
- Business
- Cision Canada
CIT Srl Charts a Visionary Path in Supply Chain Digitalization with TraceLink's Multienterprise Information Network Tower (MINT)
BOSTON, May 15, 2025 /CNW/ -- TraceLink, the largest end-to-end digital network platform for intelligent supply chain orchestration, today announced that CIT Srl, a rapidly growing contract packaging organization (CPO) based in the European Union, has selected TraceLink's Multienterprise Information Network Tower (MINT). Recognizing the pharmaceutical industry's accelerating shift toward digitalization—and driven by ambitious goals to significantly increase revenue and expand into the biotech and advanced therapy markets—CIT Srl is proactively transforming its operations through MINT, building a fully digitalized, future-proofed, and scalable supply chain. "As a fast-growing CPO, we're committed to operating with the agility and transparency that the next generation of pharma and biotech companies demands," said Alberto Bartolini, CEO of CIT Srl. "MINT gives us the platform we need to automate the exchange of business transactions with any partner system, streamline operations, and deliver a higher level of service to both our customers and suppliers—without increasing operational overhead—while fueling continued revenue growth and enabling expansion into new markets." Developed on OPUS, the Orchestration Platform for Universal Solutions, MINT will empower CIT Srl to achieve higher levels of collaboration and operational efficiency, enrich inventory visibility and forecasting with real-time data, and deliver the revenue predictability that fuels sustainable growth and corporate profitability. With MINT, CIT Srl will unlock a range of strategic benefits that directly support its business success and market expansion goals: Optimize Inventory and Boost Production Readiness By gaining immediate insight into demand and materials availability, CIT Srl can better align inventory levels with actual customer needs, reducing working capital and warehousing costs while ensuring packaging materials arrive on time to avoid production delays and capacity constraints. Drive Operational Efficiency and Collaboration CIT Srl is streamlining forecasting, order management, and shipment tracking through automated, digital processes and centralized real-time data, aligning internal teams, customers, and suppliers around a single source of truth. Accelerate Predictable Revenue and Market Expansion Better visibility into operations, inventory, and materials management allows CIT Srl to plan with greater confidence, serve more clients, and expand into the biotech and advanced therapy markets—ultimately driving higher revenue and scaling its business without increasing headcount. "CIT Srl's innovative and forward-thinking leadership team recognizes where the industry is headed, and is acting now to build and maintain a competitive advantage," said Shabbir Dahod, President and CEO of TraceLink. "By adopting MINT to digitalize its supply chain with partners on an end-to-end basis, CIT Srl is paving the way for scalable growth and long-term leadership in a rapidly evolving market—one where data-driven processes, revenue performance and profitability, and patient and product safety are critical to success." About TraceLink TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network. Leading businesses trust TraceLink to deliver complete global connectivity, visibility, and traceability of healthcare products, ensuring that every patient gets the medicines they need when needed, safely and securely. About CIT Srl With more than 30 years of sound track of records, CIT Srl is one of the most established and respected independent Contract Packagers in Europe. A lean partner combining the flexibility of a SME with performing industrial metrics you can find in large plants. SOURCE Tracelink, Inc.
Business Times
11-05-2025
- Business
- Business Times
Industrial S-Reits report NPI growth, but managers are cautious on outlook
SINGAPORE real estate investment trusts (S-Reits) with exposure to the industrial sub-segment have mostly reported growth in net property income (NPI) in the quarter ended March. The resilient operating performance comes as industrial S-Reits report stable occupancies and positive rental reversions in the most recent quarter. However, the Reit managers are more cautious on the outlook – with greater emphasis on tenant retention and cost management – given the challenging macroeconomic environment affected by global tariffs and trade uncertainty. Of the seven S-Reits that focus on the industrial sub-sector, three reported full-year results in the latest earnings season, while the others provided updates on their first-quarter performance. Mapletree Industrial Trust 's (MINT) distribution per unit (DPU) for FY25 ended March, rose 1 per cent to S$0.1357, on the back of higher gross revenue and NPI. The growth was driven by revenue contributions from the Osaka Data Centre and an acquisition in Tokyo, in addition to new leases and lease renewals of Singapore properties. However, MINT's manager said that higher property operating expenses and elevated borrowing costs may continue to exert pressure on distributions. It will adopt cost-mitigating measures and focus on tenant retention to maintain a stable portfolio occupancy level. Mapletree Logistics Trust (MLT) reported stable operating performance with 96.2 per cent occupancy and 5.1 per cent positive rental reversions in its fourth quarter. However, NPI slipped 1.6 per cent amid lower revenue contributions from China, absence of contributions from divested properties and a weakening of regional currencies against the Singapore dollar. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up MLT's manager expects tenants to take a cautious approach to leasing and expansion amid global trade tensions, and its top priorities include ensuring tenant retention, portfolio resilience and cost management. It estimates that around 15 per cent of portfolio revenue comes from tenants that are engaged in export businesses. Elsewhere, Aims Apac Reit also reported stable portfolio occupancy and 20 per cent positive rental reversions for FY25. DPU grew 2.6 per cent to S$0.096 for the full year. The manager noted that the trust's healthy balance sheet with gearing of 28.9 per cent provides ample headroom to fund future growth initiatives and new acquisitions. Similarly, ESR Reit posted S$82.5 million in NPI for Q1 2025, a 31.3 per cent increase on year, mainly due to full-quarter contributions from acquired properties, completion of asset enhancement initiatives (AEIs) and higher contributions from existing properties. Distributable income (DI) increased 7 per cent on year to S$44.2 million in Q1 2025. The manager expects NPI and DI to increase in FY25, given full-year contributions from completed acquisitions and AEIs, and positive rental reversions. Sabana Industrial Reit reported 15.3 per cent positive rental reversion in Q1, continuing on four successive years of double-digit positive rental reversion. NPI rose 22 per cent to S$16 million, led by higher gross revenue. The Reit's manager noted that performance is expected to be challenged by disruptions in global trade and significant cost pressures from the potential imposition of US tariffs, and it remains focused on optimising portfolio occupancy. Daiwa House Logistics Trust (DHLT) reported a 2.7 per cent increase in NPI for its overall portfolio in Singapore dollar terms during Q1, mainly due to the acquisition of D Project Tan Duc 2, partially offset by weaker Japanese yen and lower contribution from Japan. DHLT's manager noted that trade tariffs have resulted in economic uncertainty globally, and it is monitoring the potential impact. Less than 10 per cent of DHLT's Japan tenants by gross rental income are involved in exporting of goods, while the property in Vietnam is anchored on a long 20-year lease that expires in 2043. Phillip Securities analysts noted last month that S-Reits in the industrial sub-sector may face a medium impact from higher tariffs, as manufacturing may decline, especially for tenants with cross-border activities. However, they added that reshoring or near shoring could boost local industrial demand. The analysts remain overweight on S-Reits as the sector is relatively resilient in a downturn, given that tenants are contractually required to pay rent. They noted that the sector could start benefiting from interest rate savings in 2025 and 2026. SGX RESEARCH The writer is a research analyst at SGX. For more research and information on Singapore's Reit sector, visit for the monthly S-Reits & Property Trusts Chartbook.
Axios
15-04-2025
- Entertainment
- Axios
Honey Pierre weaves joy and resilience into Atlanta's art scene
Textile artist Honey Pierre turns fiber into bold, emotionally rich stories of Black life — even as Atlanta's fragile arts infrastructure threatened to disrupt her rise. Why it matters: Pierre, known to family and friends as Cassandra Hickey, celebrates resilience and everyday beauty in Black communities. Her journey— from Cleveland to the military and Atlanta's art scene — highlights challenges that could have derailed her. Case in point: She had to pivot in August 2024 when MINT Gallery unexpectedly closed. Pierre and 18 other artists lost their studios, exhibitions and residencies, emphasizing the vulnerability of Atlanta's arts infrastructure, especially for Black artists trying to establish their footing. The artists acted quickly, rallying support from organizations like TILA Studios, the Goat Farm Arts Center, Dashboard and Black Art in America. The Goat Farm matched MINT's studio rates and waived deposits, Black Art in America covered moving expenses and grassroots fundraising provided temporary financial relief. What they're saying: "We were in shock, but we knew we had to act fast," Pierre told "City Lights" producer Jacob Smulian. Pierre emphasized MINT's importance to artists like herself. "MINT was a lifeline for emerging artists," she said. "Without spaces like it, Atlanta risks losing its creative community." "We had to find ways to survive. People don't talk about how hard it is — having work ready for exhibitions, only to suddenly have nowhere to show it. We had to figure it out fast." Yes, but: While Pierre has a new studio, she sees a deeper problem. "Atlanta has a real art community, but we don't have an institutional community," she told Axios. "There's money in this city — but it's not being spent on the arts the way it should be." Onaje Henderson, a partner at ZuCot Gallery — which currently features one of Pierre's pieces — praised her professionalism and vision. "She kind of got dealt a rough hand … but what impressed me was her level of professionalism," he said. "She scheduled a meeting, walked us through her work, and had a clear vision. That's rare and valuable in emerging artists." Henderson also spoke to her impact: "We live in a heavy time, and while it's important to catch that heaviness, it's also important to catch those moments of joy. Our community has more of those moments than the world gives us credit for." Catch up quick: Pierre was born and raised in Cleveland. After high school, she joined the Army and was stationed in Korea — a mentally difficult chapter. When she returned home, she took time to "deprogram" and reconnect with civilian life. She began a tattoo apprenticeship to build technical skills. "I started with tattooing because it helped me learn the fundamentals — anatomy, color theory and shading," she said. "But when the pandemic hit, I had time to sit down and teach myself textile work." In 2019, she relocated to Atlanta for a vibrant, affordable creative community — just before the pandemic gave her the space to go all-in on her artistic voice and storytelling. "Part of my storytelling is based in family, community, leisure and just living life," she said. "We don't get to see enough images of us relaxing." Her upcoming exhibit "I'm Just Living Some Life, Okay?" captures that spirit — with pieces documenting everything from family routines to quiet moments of reflection. One piece, "Black Men Smile," challenges stereotypes about Black masculinity: "I asked my friend — who's known for his smile — not to smile for the piece. I wanted to show that Black men don't always have to perform happiness." What's next: Pierre is preparing for her April exhibit while also looking ahead — and abroad. She's headed to Ghana to study traditional textile techniques and sustainability in fabric arts. She's also enrolling at Georgia State University to study art formally. "I know how to weave, I know how to sew, I know how to do soft sculpture — but I want to learn more," she said, revealing that the move is creative and strategic. "Let me use my veteran benefits, let me get the refund checks," she joked. "Funding is disappearing left and right, especially in the arts." Many of her future professors are already peers. "It's going to be funny walking into class like, 'Hey guys, I'm your student now.'" But she's also thinking bigger:"I want to learn more about upcycling and using materials in a way that's better for the environment. Textiles hold history — and I want to preserve that."
