Latest news with #Mach
Yahoo
a day ago
- Business
- Yahoo
Developers propose affordable housing complex on Appleway Drive in Kalispell
Jun. 5—Kalispell may see a new workforce housing complex located alongside the Parkline Trail and within walking distance of downtown. Mach LLC, an affordable housing developer, is proposing a 24-unit apartment complex off Appleway Drive just south of U.S. 2. Known as the Outpost at Kalispell, the development will boast a mix of one- and two-bedroom apartments geared toward households making from 50% to 60% of the area median income, which is roughly $102,000, according to government-sponsored enterprise Fannie Mae. The apartments — one-bedroom units will encompass 714 square feet while two-bedroom units will come in at 954 square feet — will be rented at roughly 30% below the average market rate. "Really hitting the workforce income level," said Matt Belles of Mach. Three of the units will be set aside for veterans, victims of domestic violence or young people aging out of foster care, according to Mach. The apartments will be fitted with electric kitchen appliances, in-unit washer and dryers, and a balcony or patio. But before the development can come to fruition, Mach is asking for $8.5 million from the 2026 Montana Housing Tax Credit program, overseen by the Montana Board of Housing to support the construction or preservation of affordable homes. The awarding of the tax credits will be announced in October, according to Mach's Grant Schnell. The entire project is estimated at around $8.7 million. While the program is competitive, Schnell is optimistic. Mach is the only applicant in Flathead County. Other developments are proposed in Anaconda, Missoula and Billings. Mach and co-developer TE Miller are both behind previous developments in Kalispell but have never built affordable housing in the city. "Basically, our focus is on affordable housing in the state of Montana as well as the Mountain West," Schnell said. The Community Action Partnership of Northwest Montana is partnering with the developers on the project. The nonprofit connects individuals with community programs like heating and rental assistance. Partnering with a nonprofit ensures that rents remain affordable, and Director of Project Development Cassidy Kipp said that Community Action Partnership will engage residents with services it provides that promote self-sustainability. "We will do everything in our power to support responsible growth of affordable housing," she said. Kalispell is a tough place to develop in because of high construction and land costs, but workforce housing is a necessity in the Flathead Valley, Schnell said. He plans to go through the city approval process after the funds are awarded. "We want to be good stewards of the community and know we're going to need to be good neighbors as well," Belles said. Reporter Jack Underhill may be reached at 758-4407 and junderhill@
Business Standard
27-05-2025
- Business
- Business Standard
Mach Conferences And Events Limited To Acquire Majority Stake In Travexel Events And Travel Private Limited, Expanding Into Medical Conferences
PRNewswire New Delhi [India], May 27: Mach Conferences & Events Limited (BSE: (BSE: 544248), a leading provider of comprehensive MICE (Meetings, Incentives, Conferences, Exhibitions) and Events solutions, announced it has entered into a definitive agreement to acquire majority shareholding in Travexel Events and Travel Private Limited (Travexel). Travexel is a prominent professional conference organizer with a specialized focus on medical conferences and comprehensive travel solutions for delegates. With this acquisition*, Mach will significantly enhance its end-to-end service capabilities, adding a crucial medical conference segment that will 'fast-track' its growth in the specialized events and travel sector. This acquisition* is a strategic decision that aligns with Mach's continued diversification plans of developing a comprehensive event and travel ecosystem. One key advantage of the medical conference segment is the long-term planning and predictability it offers, as such events are often confirmed years in advance. This contrasts with Mach's current business model, where event confirmations typically occur 3-4 months before execution. Post-investment by Mach, Travexel will continue to run and operate as an independent entity. Travexel currently has an order book of approximately Rs20 crores in this financial year, highlighting its strong foothold in the medical conference segment. Maniish Mishra, Promoter of Travexel, said, "Joining the Mach family will not only support our organic growth within the medical conference and event management industry but also open up a wealth of opportunities related to comprehensive event and travel services." Mishra brings over 25 years of rich experience, having worked with TUI, Cox & Kings, and Thomas Cook. He has successfully executed more than 1,200 events, including most of the leading medical conferences, showcasing his expertise and leadership in the field. Speaking on the agreement, Amit Bhatia, MD of Mach, said, "Travexel brings highly specialized expertise in medical conferences and robust event management capabilities. This synergy presents significant cross-selling opportunities, allowing us to offer a more holistic suite of services to both our existing and future clients." *acquisition refers to the definitive agreement for Mach Conferences & Events Limited to invest in Travexel Events and Travel Private Limited and become the majority shareholder as detailed in this press release. About Mach Conferences and Events Limited: A pioneer in the MICE industry, MACH Conferences and Events has set a high standard in successfully arranging, coordinating and carrying out formal Meetings, Incentives, Conferences and Events across the globe. The Company has more than 20 years of experience with certifications from eminent bodies like IATA, ADTOI, IATO, and PATA. Having conducted over 300+ large and medium-sized events in the previous 3 years involving over 30 of the most elite brands, it takes pride in claiming to be among the supreme performers in the MICE industry. Not only in the Indian subcontinent, but our wings span across multiple countries. The company has a top-notch set of experts with varied expertise apart from being blessed with an in-depth and updated knowledge of the MICE Industry. As a result, they know this sector inside out, better than the rest. About Travexel Events and Travel Private Limited: Travexel Events and Travel Private Limited, incorporated in March 2023, is an upcoming professional conference organizer based in Delhi & NCR promoted by experienced and seasoned event organizers. The company distinguishes itself with a specialized focus on medical-related events and conferences. Travexel offers comprehensive event management services, including meticulous conference and meeting planning, exhibition management, and efficient travel logistics for delegates. For further information, please contact: Mach Conferences and Events Ltd. Ms. Yashashvi Srivastava (Company Secretary) Email: compliance@ Website: Adfactors PR Pvt. Ltd. Samruddhi Bane - Email ID: Adtiya Tikare - Email ID: Safe Harbour This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Mach Conferences' future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Mach Conferences undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
Business Upturn
27-05-2025
- Business
- Business Upturn
Mach Conferences And Events Limited To Acquire Majority Stake In Travexel Events And Travel Private Limited, Expanding Into Medical Conferences
By PR Newswire Published on May 27, 2025, 10:57 IST NEW DELHI , May 27, 2025 /PRNewswire/ — Mach Conferences & Events Limited (BSE: (BSE: 544248), a leading provider of comprehensive MICE (Meetings, Incentives, Conferences, Exhibitions) and Events solutions, announced it has entered into a definitive agreement to acquire majority shareholding in Travexel Events and Travel Private Limited (Travexel). Travexel is a prominent professional conference organizer with a specialized focus on medical conferences and comprehensive travel solutions for delegates. With this acquisition*, Mach will significantly enhance its end-to-end service capabilities, adding a crucial medical conference segment that will 'fast-track' its growth in the specialized events and travel sector. This acquisition* is a strategic decision that aligns with Mach's continued diversification plans of developing a comprehensive event and travel ecosystem. One key advantage of the medical conference segment is the long-term planning and predictability it offers, as such events are often confirmed years in advance. This contrasts with Mach's current business model, where event confirmations typically occur 3-4 months before execution. Post-investment by Mach, Travexel will continue to run and operate as an independent entity. Travexel currently has an order book of approximately ₹20 crores in this financial year, highlighting its strong foothold in the medical conference segment. Mr. Maniish Mishra, Promoter of Travexel, said, 'Joining the Mach family will not only support our organic growth within the medical conference and event management industry but also open up a wealth of opportunities related to comprehensive event and travel services.' Mr. Mishra brings over 25 years of rich experience, having worked with TUI, Cox & Kings, and Thomas Cook . He has successfully executed more than 1,200 events, including most of the leading medical conferences, showcasing his expertise and leadership in the field. Speaking on the agreement, Mr. Amit Bhatia , MD of Mach, said, 'Travexel brings highly specialized expertise in medical conferences and robust event management capabilities. This synergy presents significant cross-selling opportunities, allowing us to offer a more holistic suite of services to both our existing and future clients.' *acquisition refers to the definitive agreement for Mach Conferences & Events Limited to invest in Travexel Events and Travel Private Limited and become the majority shareholder as detailed in this press release. About Mach Conferences and Events Limited: A pioneer in the MICE industry, MACH Conferences and Events has set a high standard in successfully arranging, coordinating and carrying out formal Meetings, Incentives, Conferences and Events across the globe. The Company has more than 20 years of experience with certifications from eminent bodies like IATA, ADTOI, IATO, and PATA. Having conducted over 300+ large and medium-sized events in the previous 3 years involving over 30 of the most elite brands, it takes pride in claiming to be among the supreme performers in the MICE industry. Not only in the Indian subcontinent, but our wings span across multiple countries. The company has a top-notch set of experts with varied expertise apart from being blessed with an in-depth and updated knowledge of the MICE Industry. As a result, they know this sector inside out, better than the rest. About Travexel Events and Travel Private Limited: Travexel Events and Travel Private Limited, incorporated in March 2023 , is an upcoming professional conference organizer based in Delhi & NCR promoted by experienced and seasoned event organizers. The company distinguishes itself with a specialized focus on medical-related events and conferences. Travexel offers comprehensive event management services, including meticulous conference and meeting planning, exhibition management, and efficient travel logistics for delegates. For further information, please contact: Mach Conferences and Events Ltd. Ms. Yashashvi Srivastava (Company Secretary) Email: [email protected] Website: Adfactors PR Pvt. Ltd. Ms. Samruddhi Bane – Email ID: [email protected] Mr. Adtiya Tikare – Email ID: [email protected] Safe Harbour This release contains statements that contain 'forward looking statements' including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Mach Conferences' future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Mach Conferences undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances. Photo: Logo: View original content to download multimedia: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same. PR Newswire is a distributor of press releases headquartered in New York City.
Indian Express
21-05-2025
- Science
- Indian Express
Daily subject-wise quiz : Science and Technology MCQs on Polar Satellite Launch Vehicle, HeLa cells and more (Week 111)
UPSC Essentials brings to you its initiative of subject-wise quizzes. These quizzes are designed to help you revise some of the most important topics from the static part of the syllabus. Attempt today's subject quiz on Science and Technology to check your progress. 🚨 Click Here to read the UPSC Essentials magazine for May 2025. Share your views and suggestions in the comment box or at With reference to the Hoyle–Narlikar theory of gravity, consider the following statements: 1. Mach's principle states that the mass of every object in the universe is affected by its interaction with every other object was central to the Hoyle-Narlikar gravity theory. 2. Einstein was greatly inspired by the principle and incorporated it into his theory. 3. The Hoyle-Narlikar theory of gravity proposed a 'creation field' (C-field), a hypothetical negative-energy field responsible for the continuous creation of matter. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 2 only (c) 2 and 3 only (d) 1, 2 and 3 Explanation — Jayant Narlikar, an eminent Indian astronomer, science communicator, and Padma Vibhushan recipient, died at the age of 87. — He was best known for proposing the Hoyle-Narlikar theory of gravity (also known as conformal gravity), which he developed in 1964 with English astronomer and professor Fred Hoyle. The hypothesis intended to improve upon Albert Einstein's General hypothesis of Relativity, which was published in 1915. — Mach's principle, which states that every object's mass is changed by its interaction with every other object, is central to the Hoyle-Narlikar gravity theory. The notion profoundly intrigued Einstein, but he was unable to incorporate it into his theories. Hence, statement 1 is correct and statement 2 is not correct. — The Hoyle-Narlikar gravity theory also proposed a 'creation field' (C-field), which is a hypothetical negative-energy field that is responsible for the continual formation of matter. This helps to explain the steady-state cosmology, which holds that the universe has no beginning and would exist indefinitely. Hence, statement 3 is correct. — The Hoyle-Narlikar theory of gravity was not widely accepted, particularly following the discovery of cosmic microwave background (CMB) radiation in 1965. The CMB, also known as an echo or shockwave of the Big Bang, is a cooled remnant of the first light to flow freely throughout the cosmos. Therefore, option (a) is the correct answer. Which of the following missions of the Polar Satellite Launch Vehicle (PSLV) have failed? 1. EOS-07 mission 2. Inaugural flight in 1993 3. C-39 mission Select the correct answer using the codes given below: (a) 1 only (b) 2 and 3 only (c) 1 and 3 only (d) 3 only Explanation — The Indian Space Research Organisation's (ISRO) 101st satellite launch failed. The Earth observation satellite EOS-09 was aboard the PSLV-C61 (Polar Satellite Launch Vehicle). — This was the 63rd PSLV launch. Since their introduction in the 1990s, PSLVs have only failed twice – the first during the inaugural flight in 1993 and in 2017, when the C-39 mission was unsuccessful. Here is why PSLVs have become reliable for India's Space agency and what happened during the two failed missions. — ISRO has three types of launchers: the PSLV, the Geosynchronous Satellite Launch Vehicle (GSLV), and the Geosynchronous Satellite Launch Vehicle Mk-III (LVM3). Variants are chosen based on the cargo weights and the orbit they will reach. — PSLV: Satellites used for navigation, mapping, or other functions must be transported into space by launch vehicles or rockets such as the PSLV. The rockets feature powerful propulsion systems that create massive amounts of energy, which is required to lift large things such as satellites into space while resisting the Earth's gravitational pull. Therefore, option (b) is the correct answer. With reference to the stars, consider the following statements: 1. Regardless of duration, all stars survive by maintaining a balance between two competing forces: the inward pull of gravity and the outward pressure produced by nuclear energy. 2. In the dense core of a star, nuclear fusion converts hydrogen into helium. 3. When a star's fuel is exhausted, gravity takes over — and then the nature of its death depends entirely on its mass. How many of the statements given above are correct? (a) Only one (b) Only two (c) All three (d) None Explanation — The stars in the sky seem to shine forever, but they too are subject to lifespans determined by their mass and internal physics. Some last for billions of years and others are transitory in comparison, with far shorter lifetimes. — Regardless of duration, all stars survive by maintaining a balance between two competing forces: the inward pull of gravity and the outward pressure produced by nuclear energy. Hence, statement 1 is correct. — In the dense core of a star, nuclear fusion converts hydrogen into helium. This process occurs when extremely high temperatures and pressures allow atomic nuclei, which are ordinarily repelled by positive charges, to collide and fuse, releasing massive energy. That energy heats the surrounding gas, resulting in thermal and radiation pressure that prevents gravitational collapse. Hence, statement 2 is correct. — This beautiful explanation of how stars glow was not previously known. Only in 1938, while taking a train to Ithaca, New York, did German-American physicist Hans Bethe scribble down the equations detailing how nuclear fusion powers stars, a breakthrough that earned him the Nobel Prize and resolved one of astrophysics' most pressing mysteries. — But even fusion has its limits. When a star's fuel is exhausted, gravity takes over — and then the nature of its death depends entirely on its mass. Hence, statement 3 is correct. Therefore, option (c) is the correct answer. Consider the following statements about HeLa cells: 1. They were the first successfully cloned human cells. 2. These cells contributed to the identification of the Bovine Papillomaviruses (BPV) as the primary cause of many types of cervical cancer. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Explanation — The HeLa cell line is one of the most important cell lines in the history of medical science and has been the foundation for some of the most significant advances in this field. — HeLa cells were the first successfully cloned human cells, and Jonas Salk used them to test the polio vaccine. Hence, statement 1 is correct. — Furthermore, they contributed to the identification of the human papillomavirus (HPV) as the primary cause of many types of cervical cancer, including the one that killed Lacks, and were instrumental in the development of the HPV vaccine, which earned its creator, Harald zur Hausen, the Nobel Prize in Medicine in 2008. Hence, statement 2 is not correct. Therefore, option (a) is the correct answer. With reference to the JN.1 variant of COVID, consider the following statements: 1. It is a sub-lineage of the Omicron variant. 2. This variant is distinguished by its heightened transmissibility and potential to evade immune responses, even in the vaccinated population. 3. JN.1 is most likely to affect the elderly individual and those with underlying health conditions. Which of the statements given above are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 Explanation — The JN.1 variant is not entirely new, it is a sub-lineage of the Omicron variant that has been circulating globally for some time. — This version is distinguished by its heightened transmissibility and potential to evade immune responses, even in the vaccinated population, according to Dr Harish Chafle, senior consultant, intensivist chest physician, bronchoscopist, and sleep disorders expert at Gleneagles Hospital in Parel, Mumbai. Hence, statement 2 is correct. — JN.1 is a sublineage of the Omicron type that is currently being closely monitored by the World Health Organisation. Hence, statement 1 is correct. — JN.1 is most likely to impact people with low immune systems, the elderly, and those who have pre-existing health and healthy adults may also get the virus, but they are likely to recover without significant consequences. Hence, statement 3 is correct. Therefore, option (d) is the correct answer. Daily Subject-wise quiz — History, Culture, and Social Issues (Week 111) Daily subject-wise quiz — Polity and Governance (Week 111) Daily subject-wise quiz — Science and Technology (Week 110) Daily subject-wise quiz — Economy (Week 110) Daily subject-wise quiz — Environment and Geography (Week 110) Daily subject-wise quiz – International Relations (Week 110) Subscribe to our UPSC newsletter and stay updated with the news cues from the past week. Stay updated with the latest UPSC articles by joining our Telegram channel – IndianExpress UPSC Hub, and follow us on Instagram and X.
Indian Express
20-05-2025
- Science
- Indian Express
Astrophysicist Jayant Narlikar passes away: What is the Hoyle–Narlikar theory of gravity?
Eminent Indian astrophysicist, science communicator, and Padma Vibhushan awardee Jayant Narlikar passed away in Pune on Tuesday (May 20) at the age of 87. He was best known for propounding the Hoyle–Narlikar theory of gravity (also known as conformal gravity), which he developed with English astronomer and professor Fred Hoyle in 1964. The theory sought to improve on Albert Einstein's General Theory of Relativity, published in 1915. Here is a look at the Hoyle–Narlikar theory of gravity. Link to Mach's principle At the heart of the Hoyle–Narlikar theory of gravity is the Mach's principle, which says that the mass of every object in the universe is affected by its interaction with every other object. Einstein was greatly inspired by the principle, but could not incorporate it into his theory. Hoyle and Narlikar took Mach's principle more literally and claimed to have successfully included it in their theory. They said that the inertia of an object, that is the tendency to resist change in its state of motion, arises from its interaction with all other matter in the universe. 'As Hoyle and Narlikar see it, a universe with nothing in it is impossible. There must be at least two particles, each to give mass to the other. The masses, and therefore the gravity, of the sun and the earth are partly due to each other, partly to more distant objects such as the stars and galaxies,' according to a report in Time Magazine. Concept of C-field The Hoyle–Narlikar theory of gravity also proposed a 'creation field' (C-field), a hypothetical negative-energy field responsible for the continuous creation of matter. This helped explain the steady-state cosmology, which said that the universe had no beginning and will endure forever. The steady-state concept of the universe is essentially an alternative to 'Big-Bang' cosmology, which proposed that the universe originated 13 billion years ago with an expansion and has been expanding ever since. Hoyle and Narlikar said that if the universe were this old and always expanding, we would not see anything in the sky. 'Hence, Dr Hoyle and other proponents of a steady‐state situation have proposed that hydrogen atoms are continually being created in space to fill the void resulting from such expansion. It is to account for this that Dr Hoyle has proposed the existence of an unseen force, or C-field. When this field becomes strong enough, at any point in space, a new hydrogen atom appears,' according to a report in The New York Times. The Hoyle–Narlikar theory of gravity was not widely accepted, especially after the discovery of the cosmic microwave background (CMB) radiation in 1965. CMB — considered as an echo or shockwave of the Big Bang — is the cooled remnant of the first light that could travel freely throughout the universe. However, the theory continues to draw attention for its attempt to integrate Mach's principle in cosmology.
