Marathoners’ kind gesture

Marathon is not just about running, but it is also about humanity

Moved by the effort of the NGO, Manasa, the Indian winner of the race Srinu Bugatha announced a donation of INR 10,000 from his prize money winnings

Hyderabad, August 27, 2024: Hyderabad Runners Society took the Elite athletes who participated in the 13th edition of NDMC Hyderabad Marathon to one of its charity partners, Manasa (Manasa Institute of Child Health and Disability Studies), which promotes child health and rights, inclusion and empowerment of persons with disabilities and families.

INTERNATIIONAL AND INDIAN MARATHONERS VISITED CHRITY PARTNER MANASA

The Indian and the Kenyan Elite athletes visited Manasa and interacted with the kids and also witnessed a few cultural performances by the differently abled children.

Kenyan marathon runners Ezekiel Kipkorir, Sheila Chelangat, Zenith Kiptu and Hamington Cherope and Indian elite runners Vipul from Delhi, Bhagirathi from Uttarakhand and Srinu Bugatha from Vizianagaram were in the team that visited the NGO.

INTERNATIIONAL AND INDIAN MARATHONERS VISITED CHRITY PARTNER MANASA--PIC 2

Rajesh Vetcha, Smita Chamling, Diwakar, Gautam Pothineni, Vijigeesha and Sunder from the Hyderabad Runners Society, accompanied the elite runners. ‎

Situated in Mohan Nagar near Kothapet (Nagole), it has been working to promote and strengthen child health and disability rehabilitation services. Currently, 80 children visit the NGO daily and avail the facilities being offered by the centre. There are nearly 23 personnel who take care of these children.

Following the cultural performances, a small presentation on the NGO was made by the teachers. The athletes visited the various classrooms and activity rooms in the facility and interacted with the children. They also took a lot of pictures as well.

Moved by the effort being put in by Manasa, the Indian winner of the race Srinu Bugatha announced a donation of INR 10,000 from his prize money winnings.

Until now, Manasa has raised close to Rs 5 lakhs via various donors on the NMDC Hyderabad Marathon website. Corporates like Natco Pharma and Procter & Gamble also contributed to this endeavour. The charity donations on the website are open until 30th September.

The NGO’s treasurer, Madan Mohan Reddy Terala thanked the Hyderabad Runners, the NMDC Hyderabad Marathon and the Elite runners who visited their facility today.

Saudi Arabia to Convene Global Mineral Sector at Fourth Future Minerals Forum in January 2025

Riyadh, Saudi Arabia, August 27, 2024—Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, Saudi Arabia is set to host the fourth edition of the world’s leading platform on minerals, the Future Minerals Forum (FMF), from January 14 – 16, 2025, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia.

Saudi Arabia to Convene Global Mineral Sector at Fourth Future Minerals Forum in January 2025

The FMF, convened by Saudi Arabia’s Ministry of Industry and Mineral Resources, is a unique government-led platform and an inclusive multi-stakeholder conference where the world’s top decision-makers come together to drive action on tough challenges, where minerals are placed at the top of the global agenda as key to development, global prosperity, and the energy transition.

Since 2022, FMF has focused on fostering collaboration amongst minerals-producing nations, promoting sustainability initiatives to build trust, and creating a resilient supply chain of critical minerals that the world needs. Building on these successes, FMF 2025 will focus on “Delivering Impact,” the theme of the fourth edition.

The Minister of Industry and Mineral Resources, His Excellency Mr. Bandar Alkhorayef, disclosed that next year’s FMF is focused on creating and driving investment opportunities in the mining and mineral sector.

Alkhorayef stated that FMF has become a prominent global forum for all stakeholders in the mineral sector, from governments to mining companies, financial institutions, service companies, research centers, and academic institutions.

He further pointed out that the conference provides a platform to discuss the challenges facing the mining and minerals sector, with opportunities to proffer concrete solutions at the regional and international levels to tackle these challenges.

“The upcoming Ministerial Roundtable will engage participation from 100 countries. This extensive collaboration will include working groups comprising government bodies and 40 organizations, including international organizations, NGOs and trade associations. These groups will collaborate to implement the initiatives and strategies established during the last MRT, driving forward the shared goals of sustainable development and innovation in the global mineral sector,” the minister added.

FMF will kick off on January 14, 2025, with the government-led Ministerial Roundtable, and will be followed by the Conference and Exhibition (15-16 of January), where participants will be privileged to learn from experts who will take turns speaking on important topics. The conference will also feature exhibitions of the latest mineral innovations and applications.

The program this year will focus on:

  • New voices on critical minerals, highlighting downstream perspectives and new regional perspectives, including the Super Region spanning Africa, Western and Central Asia, and Latin America.
  • Delivering investment partnerships in supplier countries that will include the entire mineral value chain.
  • Minerals’ contribution to society.
  • Green technology and AI revolution.
  • Country and project showcase.

While preparations are in top gear for FMF 2025, some notable figures in the mining, mineral and industrial sectors have already been confirmed to speak at the forum. They include Tom Palmer, CEO of Newmont Corporation; Jonathan Price, President and CEO of Teck Resources; Dominic Barton, Chairman of Rio Tinto; Mark Cutifani Chairman of Vale Base Metals; Robert Friedland, Founder and Co-CEO of Ivanhoe Mines; Bob Wilt, CEO of Ma’aden; Jeremy Weir, Chairman and CEO of Trafigura; and Duncan Wanblad, CEO of Anglo American among other distinguished personalities.

Since its inception in 2022, the FMF has charted many progressive initiatives, such as being a voice for the Super Region and other supplier countries. In 2023, the Ministerial Roundtable participants agreed to collaborate on four initiatives, including:

  • Development of a regional critical minerals framework to promote global collaboration and maximize the creation of value in supplier countries.
  • Creation of green metals hubs in the Super Region enabled by new technologies and powered by renewable energy.
  • Development of a framework setting our regional expectations for the responsible production of minerals based on transparency of supply chains.
  • Creation of centers of excellence in the Super Region covering Africa, Western, and Central Asia as foundational pillars for capacity building across mineral value chains.

The third edition of FMF brought together over 14,000 participants from 133 countries, including ministers, senior government officials, leaders of international organizations, and C-level executives from global mining and mineral companies. The forum also saw the signing of 75 minerals deals worth around SAR 75 billion.

For more information and registration, please visit https://www.futuremineralsforum.com.

These Cities Are the Best for Raising a Family in the US: 2024 Data

A recent study by Backyard Oasis assessed the most populated cities across each American state by 12 important factors that directly impact family life. These factors include the Purchasing Power Index, Safety Index, Healthcare Index, Climate Index, Cost of Living Index, Property Price to Income Ratio, Traffic Commute Time Index, Pollution Index, Quality of Life Index, Uninsured Rate for Children, and the costs of Preschool and International Primary School. Each factor was weighted based on its significance to family well-being, with higher importance placed on areas like Safety and Healthcare. The data, primarily sourced from Numbeo, was then combined into a composite score, providing a clear and objective ranking of the most family-friendly cities.

St. Louis, Missouri ranks 1st with a composite score of 7.49. The city’s top position is largely due to its exceptional healthcare services, reflected in a Healthcare Index of 81.09. Additionally, St. Louis enjoys a high Quality of Life Index of 213.43, which is further supported by affordable property prices, with a Property Price to Income Ratio of just 1.67. These factors combine to make St. Louis the most attractive city for families.

Tulsa, Oklahoma ranks 2nd with a score of 7.46. Tulsa stands out for its strong healthcare infrastructure, evidenced by a Healthcare Index of 70.59, and its low Traffic Commute Time Index of 19.05, which ensures families have more time together rather than being stuck in traffic. The city’s overall quality of life is also enhanced by a manageable cost of living and a high Quality of Life Index of 223.70, making it a well-rounded option for families.

Rapid City, South Dakota comes as the 3rd most family-friendly city in the US with a score of 7.43. Known for its safe environment, Rapid City has a Safety Index of 51.97, and its Pollution Index of just 18.88 ensures a clean and healthy setting for families. The city also benefits from a favorable climate and relatively low education costs, making it a compelling choice for those looking to raise a family in a secure and supportive community.

Cincinnati, Ohio ranks 4th with a composite score of 7.41. This city excels in healthcare, with a strong Healthcare Index of 67.74, and offers robust educational infrastructure, which is key to its high ranking. The city also has a high Quality of Life Index of 213.15, supported by cultural amenities, green spaces, and a relatively affordable cost of living, making it an attractive place for families.

Madison, Wisconsin is 5th most attractive city for families on the list, achieving a score of 7.31. Madison’s high Safety Index of 66.48, coupled with an excellent Healthcare Index of 76.38, underscores its family-friendly credentials. The city’s strong educational system is complemented by a Quality of Life Index of 222.64, making it one of the most desirable cities for raising children.

Lincoln, Nebraska ranks 6th with a score of 7.29. Safety is a key factor in Lincoln’s ranking, as the city has a Safety Index of 66.23. Healthcare is another strong point, with a Healthcare Index of 77.62. Lincoln also offers the shortest commute times among the top ten cities, with a Traffic Commute Time Index of 12.22, allowing families to enjoy more leisure time together.

Tacoma, Washington is 7th with a composite score of 7.23. Tacoma provides a balanced environment with a Healthcare Index of 73.49 and a strong Climate Index of 90.88, which contributes to the city’s high ranking. The city’s low Property Price to Income Ratio of 3.48 makes it affordable for families, while its strong educational and recreational facilities add to its appeal.

Virginia Beach, Virginia ranks 8th with a score of 7.21. This city stands out for its impressive combination of safety and educational opportunities. With a Safety Index of 57.15 and a Quality of Life Index of 232.11, Virginia Beach offers one of the highest standards of living among the top-ranked cities. The city’s favorable climate and abundant outdoor activities make it a particularly attractive location for families seeking a healthy and active lifestyle.

Indianapolis, Indiana takes the 9th spot with a score of 7.18. The city’s strong Healthcare Index of 72.66, along with its affordable cost of living, make it a prime choice for families. Additionally, Indianapolis benefits from a high Quality of Life Index of 200.00, which is supported by its cultural amenities and accessible property prices, offering a well-rounded environment for family life.

Raleigh, North Carolina rounds out the top ten with a score of 7.16. Raleigh’s well-developed educational infrastructure and Healthcare Index of 66.92 play significant roles in its ranking. The city also has a high Quality of Life Index of 208.78, offering a balanced environment for families. Raleigh’s combination of high safety, quality healthcare, and excellent education options makes it an ideal city for raising children.

Andy Wu, CEO of Backyard Oasis commented on the study “Creating a nurturing environment for families is about more than just the basics—it’s about the quality of life that a city can provide. It’s fascinating to see how cities like St. Louis and Tulsa have managed to balance affordability with top-tier healthcare and strong educational systems, making them standout choices for families. Family well-being is intricately linked to the communities we choose to call home, and these cities are leading the way in providing the support families need to thrive.”

You can see the full research by the link: https://docs.google.com/spreadsheets/d/12Gt1b-gsN4ASLqxXaqLnj-9mCyt9TV_FOkLPCEDuKu0/pubhtml?gid=852265535&single=true

From Reactive to Proactive: OFIL Develops Gridnostic with Predictive Analytics for Grid Resilience

Tel Aviv, Israel, August 27, 2024 – OFIL Systems, creators of award-winning Daycor® cameras, has announced Gridnostic, an industry-first software for high voltage audit data to be directly analyzed and present findings such as risk visibility and prioritization discoveries. This holistic view relies on raw field data, presenting detailed diagnostics onto a Geographic Information System (GIS) platform to boost reliability, efficiency, and worker safety.

Current inspection techniques rely on visual imaging methods, which lack quantifiable data and are prone to subjective interpretation. To address this challenge and better help teams share the most up-to-date information, OFIL integrated decades of experience into a platform by partnering with Scopito to automatically analyze and contextualize findings partnering with Scopito to leverage their data-management capabilities. Transforming field data into a comprehensive visual map and severity score without altering current data collection processes means managers can understand the impact of potential failures and prioritize actions with greater confidence.

Giora Levi, CEO at OFIL Systems

“Historically, decision-making for high and medium voltage power line inspections has relied on substantial amounts of field data that were subjectively analyzed, poorly managed, and unsuitable for long-term trend analysis,” said Giora Levi, CEO of OFIL. “Intelligently analyzing findings and prioritizing activities means stakeholders have what they need to avoid failures and disruptions.”

Utility providers can better manage operational risk with more industries investing in electrification, such as data centers, electric vehicles, and industry 4.0 adoption. Unexpected incidents can damage their reputations and cause financial losses from fines and lack of revenue. Gridnostic’s cloud-based approach focuses on providing objective insights and historical data so teams can confidently take action in less time.

Christian Christiansen, Special Emergency Preparedness and Maintenance DK2 of Energinet, who owns and operates Denmark’s transmission lines said, ”We faced challenges in analyzing and storing UV video data from our drone inspections, which are crucial for maintaining our transmission towers. Integrating OFIL’s Gridnostic enabled us to seamlessly manage and analyze this data alongside existing inspection data, ensuring precise and efficient maintenance operations.”

As Gridnostic continues to be utilized by more organizations, OFIL intends to continuously incorporate evolving data into its analysis capabilities to bolster findings. This will provide companies that utilize the technology with the most up-to-date information needed to maintain high-voltage assets, enabling long-term maintenance planning.

Hero Motors files DRHP for Rs 900 crore IPO

Chennai, Aug 27, 2024: South Asia Growth Invest backed Hero Motors, the flagship auto-components company of the Hero Motors Company (HMC) Group and one of India’s leading automotive technology companies, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 900 crore through an initial public offering (IPO).

The IPO is a mix of fresh issue of up to Rs 500 Cr and an offer for sale up to Rs 400 Cr by promoters. The OFS includes Rs 250 crore worth shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles.

The company, in consultation with the book-running lead managers, may consider a pre-IPO placement of Rs 100 crore prior to filing of the Red Herring Prospectus. If such placement is completed, the amount will be reduced from the fresh issue.

Proceeds from the fresh issue of shares will be used to the extent of Rs 202 crore for repayment or pre-payment, in full or in part, of certain of its outstanding borrowings availed by the Company, Rs 124 crore for funding capital expenditure towards purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility besides general corporate purposes.

Hero Motors is India’s leading automotive technology companies (Source: CRISIL Report) engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions provider to automotive OEMs in the United States, Europe, India, and the ASEAN region. The company’s product range includes both electric and non-electric powertrains for various vehicle categories including two-wheelers, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL.

Hero Motors operates in two segments – powertrain solutions, and alloys and metallics. It has six manufacturing facilities across India, the United Kingdom, and Thailand.

The Company has a diversified customer base including global brands such as BMW AG, Ducati Motor Holding SPA, Enviolo International Inc, Formula Motorsport, HUMMINGBIRDEV Inc, HWA AG, and leading global e-bike manufacturers.

Hero Motors is the only player manufacturing and exporting CVT hubs to global e-bike OEMs from India, and the only manufacturer of integrated electric powertrain products for e-bikes in India.

Hero Motors’ revenue from operations stood ₹1,064.4 crore in the fiscal 2024.

ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers to the issue.

DRHP LINK: https://www.bseindia.com/corporates/download/355016/1.%20DRHP%20Hero%20Motors%20Limited_23082024_20240823221948.pdf

Disclaimer: The information contained in this press release is provided by a third party and does not necessarily reflect the views or opinions of our organization. We do not endorse or guarantee its accuracy.

BOP sold over 180 commercial shops of GWSS worth Rs 150 crore in Greater Noida

Noida: BOP.in, in partnership with Gaurs Group, has proudly announced the overwhelming success of the “Kaun Banega Car-O-Pati” offer, unveiled as part of the Mega Property Carnival that ran from 26th July to 25th August 2024. This highly anticipated event, held at the Gaur World Smart Street in Greater Noida West, saw a remarkable turnout of property investors and homebuyers alike, with over 180 shops sold and ₹150 crore worth of property transacted during the carnival.

BOP.in, in partnership with Gaurs Group (1)

The carnival was an extravagant celebration, featuring a vibrant children’s play area, live music, dance performances, and various entertainment acts. This lively atmosphere allowed potential buyers and their families to enjoy the festivities while exploring lucrative investment opportunities in the Gaur World Smart Street project. The carnival and the Kaun Banega Car-O-Pati contest not only attracted investors but also proved to be a dream event for anyone seeking a second source of income through real estate.

BOP.in, in partnership with Gaurs Group (1)

Mr. Gaurav Mavi, Co-Founder of BOP.in, shared his thoughts on the success of the event, “We are thrilled with the incredible response to the Kaun Banega Car-O-Pati offer and the Mega Property Carnival. Selling over 180 shops and seeing such significant transactions proves the faith our customers have in the Gaur World Smart Street project. Our vision was to provide an opportunity for secure and profitable investments, and the enthusiasm shown by investors has surpassed our expectations. We thank everyone who participated, and we look forward to continuing to deliver value-driven projects that empower our clients to expand their financial horizons.”

The Kaun Banega Car-O-Pati offer, with a car on every booking, provided a range of exciting incentives, including a flat discount of ₹1,000 per square foot on all bookings, zero GST, no stamp duty i.e. 5% cost of stamp covered by the developer, and an exclusive Amazon gift voucher. These offers, coupled with the 9-year guaranteed income plan, provided a unique and rewarding investment opportunity for buyers.

3 businesses helping Indians get US Green Cards through real estate investments

27th August 2024: Every year, about 10,000 EB-5 visas are granted by the United States Citizenship and Immigration Services — A much sought-after route to obtaining permanent residency in the United States. Created to promote economic growth and job creation in the US, the EB-5 visa program provides a unique opportunity for foreign investors to obtain a green card by investing in new commercial enterprises or regional centers that generate employment opportunities. However, the lack of awareness of the US real estate market, and the distance between the two countries often make Indian investors apprehensive about making investments. Adding to the challenges is the fact that the process of obtaining a visa is a long-winded, complicated process, which further impedes investors from going this route. However, several businesses have taken the initiative to bridge this gap and make it possible for investors in India to obtain the EB-5 visa without much hassle.

Ashton Gray Investments

Ashton Gray Investments was born in 2011, from its Founder and CEO, Sumi Rengaraj’s personal quest for lucrative investments. Sumi was inspired to educate and empower more Indians to diversify their portfolio by investing in foreign real estate markets. Ashton Gray Investments’ EB5 Visa program represents a strategic gateway for Indian investors seeking to capitalize on residential real estate opportunities in the US, while securing a path to permanent residency. Since the EB5 Visa program requires investment in job-creating projects, the company leverages the opportunity to offer real estate ventures that align with EB5 criteria, ensuring investors meet both financial and immigration objectives.

The company has been successful in bringing to life projects with promising returns and job creation potential, meeting the EB5 program’s stringent requirements. With the company’s help, investors benefit from direct involvement in projects ranging from luxury developments to affordable housing initiatives, diversifying their portfolios while securing their permanent residence.

Peachtree Group

The Peachtree Group manages billions in capital across acquisitions, development, and lending, helping foreign investors secure permanent residency in the US through the EB-5 Immigrant Investor Visa program. From major cities like California to rural areas in the US, Peachtree Group is currently helping prospective green card holders invest in residential and commercial real estate projects. The company also works with renowned hotels such as Marriott and Hilton, and makes investments in constructing industrial parks, helping investors meet the stringent EB-5 Visa norms.

CanAm Enterprises

With decades of market experience and time-tested investment processes, CanAm is enabling foreign investors to identify quality projects that meet the USCIS requirements for the EB-5 Visa. The company simplifies the process, offering immigration insights, comprehensive documentation, consulate interview preparation and investment status reporting, helping investors every step of the way in obtaining permanent residency in the US. With hundreds of successful projects completed in Philadelphia, Florida, New York, Hawaii, California, Pennsylvania, Texas and Washington State, CanAm has helped numerous investors meet the investment and employment requirements under the EB-5 visa program.