Latest news with #DIP
Bloomberg
07-07-2025
- Business
- Bloomberg
Sunnova's Unsecured Creditors Oppose Releasing KKR Over Loan
A group of Sunnova Energy 's unsecured creditors voiced opposition to the final approval of a debtor-in-possession facility, including a proposed legal release for pre-petition lender KKR & Co. The proposed $90 million DIP lending — which would fund bankruptcy proceedings and business operations — requires the solar company to agree to give up its right to pursue claims against KKR, according to court papers. The initial portion the loan has been approved.
Hindustan Times
03-07-2025
- Business
- Hindustan Times
Banks advised to adopt fraud risk indicator
All banks have been advised to prevent cyber frauds by employing the Department of Telecommunications (DoT) real-time, risk-based metric — Financial Fraud Risk Indicator (FRI) — which would help them in declining suspicious transactions, issuing alerts or warnings to customers, and delaying transactions flagged as high risk, a finance ministry official said. Banks advised to adopt fraud risk indicator The Reserve Bank of India (RBI) has already issued an advisory last month to this effect, directing all scheduled commercial banks, payments banks and co-operative banks to integrate FRI developed by DoT into their systems, the official, who did not wish to be named, said. In a statement issued on Wednesday, the ministry of communications welcomed RBI's directive. 'This is a watershed moment in the fight against cyber-enabled financial frauds and a testament to the power of inter-agency collaboration in safeguarding citizens in India's growing digital economy,' it said. The DoT is an arm of the ministry. The system is of strategic importance of automating data exchange between banks and DoT's digital intelligence platform DIP through API-based integration, enabling real-time responsiveness and continuous feedback to further refine the fraud risk models, it said. 'The system's utility has already been demonstrated with leading institutions such as PhonePe, Punjab National Bank, HDFC Bank, ICICI Bank, Paytm, and India Post Payments Bank actively using the platform,' the statement said. With UPI being the most preferred payment method across India, this intervention could save millions of citizens from falling prey to cyber fraud, it said. The FRI allows for swift, targeted, and collaborative action against suspected frauds in both telecom and financial domains. FRI, launched in May 2025 by the Digital Intelligence Unit (DIU) of DoT, is a risk-based metric that classifies a mobile number to have been associated with medium, high, or very high risk of financial fraud. This classification is an outcome of inputs obtained from various stakeholders including reporting on Indian Cyber Crime Coordination Centre's (I4C) National Cybercrime Reporting Portal (NCRP), DoT's Chakshu platform, and intelligence shared by banks and financial institutions, it said. 'It empowers stakeholders-especially banks, non-banking finance companies (NBFCs), and unified payment interface (UPI) service providers- to prioritise enforcement and take additional customer protection measures in case a mobile number has high risk,' it said. The Digital Intelligence Unit regularly shares the Mobile Number Revocation List (MNRL) with stakeholders, detailing numbers disconnected due to cybercrime links, failed re-verification, or misuse—many of which are tied to financial frauds, it added. This move marks a new era of digital trust and security, reinforcing the government's broader 'Digital India' vision, it said. As more institutions adopt FRI into their customer-facing systems, it is expected to evolve into a sector-wide standard, reinforcing trust, enabling real-time decision-making, and delivering greater systemic resilience across India's digital financial architecture, it said.
BBC News
25-06-2025
- Health
- BBC News
Leicester student's joy after CPR device wins national award
A student who designed a potentially lifesaving device to help a person perform CPR correctly has won a national Wragg created a prototype at Leicester's De Montfort University (DMU), which clicks when the person carrying out compressions on the chest uses the correct amount of 21-year-old said he wanted to design a product to give people confidence to help save a life, adding he was "overwhelmed" to have won this year's Design Innovation in Plastics Awards (DIP).Dr Thomas Weir, who helps raise awareness and skills around cardiac arrest at the university, said Harry's device was a "great invention" and hoped to use it in training sessions at the campus. The small dome-shaped device, named CPR+Aid, is made from plastic with no originally from Portsmouth, who has now graduated in product design from DMU, created three prototypes - each designed for a specific age group and body type."My research had shown a lack of first aid training and lack of defibrillator availability, so I wanted to design something that would give people the confidence to help save a life," he said."People can be scared of breaking the ribs when performing CPR, so don't apply enough pressure for it to be effective."But if they use the device and hear the clicks under each compression, they know they are performing CPR correctly and will know that they have done everything they can to save the person." Harry was selected from six finalists and received first place at an awards ceremony on Friday. "The win hasn't really sunk in; it was quite an overwhelming experience, and I was surprised given the high quality of the competition," he said."Winning has reinforced my confidence in my own ability to create something that can save lives and have an impact on society."The graduate said his dream would be to see the device in first aid to the British Heart Foundation, each minute that passes without CPR can decrease the chance of survival by up to 10%.Dr Weir said: "CPR doesn't need to be perfect - attempting CPR is vastly better than doing nothing. "But a common error is people underestimate how much force needs applying on each compression - that's why Harry's device is particularly great, whether for training or the real thing."If it even saves one life, then Harry can be rightly proud of himself."Richard Brown, chairman of judges at DIP, said: "We were very impressed with the simplicity of the product, the thought which had been given to material selection and how it would be manufactured, including being upscaled to meet demand. "We believe it is a product that challenges the current CPR approach and could save lives."The judges awarded second to Krzysztof Boroniec, from Technological University Dublin, for a chewing device and third to Abbie Williams, from Nottingham Trent University, for a knee-strengthening brace.
Mid East Info
04-06-2025
- Business
- Mid East Info
Dubai Investments Park Concludes 17th Corporate Sports Competition - Middle East Business News and Information
Unique in scale and ambition, the one-of-its-kind event in Dubai reinforces community, wellness, and corporate citizenship Dubai, UAE,June 2025: Dubai Investments Park (DIP), the unique integrated commercial, industrial & residential community in the Middle East, wholly-owned by Dubai Investments PJSC successfully concluded the 17th edition of its Corporate Sports Competitions with a vibrant awards ceremony, marking the culmination of two months of high-energy sporting action, teamwork, and community engagement. The event was held in collaboration with the Dubai Sports Council. Held from April to June 2025, this year's edition witnessed a record turnout, with teams from DIP-based companies competing across 19 diverse sports disciplines, including Outdoor Football, Outdoor Cricket, Basketball, Swimming, Volleyball, Padel Tennis, Table Tennis, Badminton, Billiards, Chess, Carom, Bowling, Tennis, and more. One-of-its-kind in Dubai, the DIP Corporate Sports Competitions are designed to go beyond the playing field—promoting collaboration among corporations, fostering employee well-being, and encouraging a culture of teamwork and mutual respect. With its growing scale and impact, the event has become a much-anticipated fixture in Dubai's corporate calendar, serving as a powerful platform for companies to demonstrate corporate citizenship and social responsibility. The 2025 tournament saw outstanding performances and fierce competition, culminating in a historic win for Emirates Glass, which topped the overall leaderboard for the first time with 351 points (7 Gold, 2 Silver, and 5 Bronze). Emicool followed closely in second place with 285 points (3 Gold, 7 Silver, 3 Bronze), while Gulf Drug secured third with 115 points, and Seven Seas placed fourth with 107 points. From thrilling matches to moments of resilience and sportsmanship, each game reflected the dedication, discipline, and camaraderie that define DIP's business community. The event was proudly sponsored by NMC Hospital and Delta Systems, with additional support from several valued partners, whose contributions helped make the competition a resounding success. About Dubai Investments Park: Dubai Investments Park (DIP) is a unique, self-contained mixed-use industrial, commercial and residential complex operated by Dubai Investments Park Development Company LLC. Spread across an area of 2,300 hectares (with 1,700 hectares leased), its masterplan was developed in 1997. DIP is strategically located within minutes from the Al Maktoum International Airport. It has been designed as a city within a city offering world-class infrastructure and outstanding facilities and services. A subsidiary of Dubai Investments PJSC, DIP is divided into three distinct zones – each setting the benchmark for high quality projects in a well-planned, fully-integrated master community development.
Khaleej Times
30-05-2025
- Business
- Khaleej Times
Dubai Investments marks three decades of progress, contributing to the making of the modern UAE
Dubai Investments has grown in tandem with the UAE's own remarkable evolution since its founding in 1995. What began as a bold initiative to diversify the nation's economy beyond oil has today become a reflection of the country's aspirations; dynamic, diversified, and future-facing. As the Group marks its 30th anniversary this year, it does so not with fanfare, but with a sense of purpose. Three decades on, the company's journey is as much about impact as it is about endurance; navigating shifting economic tides, investing in communities, and building platforms for sustainable growth. A legacy of diversification and vision In the mid-1990s, the UAE's economy was already on the cusp of change. Dubai Investments entered the scene with a clear intent: to become a vehicle for value-added investments that could power long-term development across key sectors from real estate and industry to healthcare, education and financial services. That vision quickly took root. In 1997, the Group launched what would become one of its most defining projects; Dubai Investments Park (DIP). Strategically located and master-planned to support industrial, commercial, and residential functions, DIP grew into a micro-city of its own, attracting thousands of businesses and playing a pivotal role in Dubai's industrial strategy. This integrated, mixed-use approach became the Group's hallmark - a model it would replicate in the years to come. Resilience through transformation Like any legacy institution, Dubai Investments has been tested by time. The early 2000s property boom, the 2008 global financial crisis, and the more recent pandemic all presented periods of uncertainty. Yet, through each cycle, the company found ways to pivot, embracing a measured strategy of reinvestment and diversification. The Group has maintained a strong governance culture while evolving with the times, introducing digital transformation, ESG practices, and a selective divestment approach that continues to unlock long-term shareholder value. Bin Kalban said: "Dubai Investments has emerged as a dynamic engine of economic growth, successfully earning the reputation of being a stable organisation, fueling the region's economic performance and diversification strategies." "We align our strategies and initiatives with the UAE Vision 2031, Dubai Vision 2030, GRI, and DFM indicators, ensuring our commitment to ESG principles," he added. Danah Bay: A symbol of what's next Among its newest real estate projects is Danah Bay, a premium beachfront development on Al Marjan Island in Ras Al Khaimah. With Phase 1 nearing completion, the community features 189 villas, 143 apartments, and a five-star hotel, designed to meet the growing demand for lifestyle-led, nature-integrated living. But Danah Bay is more than a luxury address. It's emblematic of Dubai Investments ' ability to spot and respond to emerging trends, in this case, the Northern Emirates' growing appeal as a residential, tourism, and investment destination. The project has already generated robust investor interest, reaffirming confidence in both the Group's brand and its read on market direction. Growth beyond borders Dubai Investments has a portfolio worth approx Dh2 billion ($544 million) in building materials and construction sector with plans to add Dh1 billion to the portfolio this year as it plans expansion in Abu Dhabi, Dubai and Saudi Arabia, according to Kalban. In the real estate sector, it has assets worth more than Dh15 billion with projects in Dubai and Ras Al Khaimah and its financial portfolio is valued at about Dh5 billion with investments in bonds and equities and private and listed companies. New projects are underway in Mirdif Hills, Jumeirah Village Circle (JVC), Meydan, and even international markets like Angola. Each is crafted with the Group's core values in mind including sustainability, community integration, and investor value. Beyond real estate, the company continues to strengthen its position across education, healthcare, and manufacturing beside aligning with national agendas like UAE Vision 2031, Made in UAE, and green economy goals. "As a group, we are focused on maintaining momentum and delivering consistent performance and our aim is to continue this phenomenal journey by embarking upon new ideas and innovations as the driving force behind emerging as a leading investment company across the region and beyond," adds Bin Kalban. "Dubai Investments is committed to consistently accelerate the transformation of the Group's strategy focused on its people and culture by building a strong and diverse workforce along with continued efforts towards enhancing sustainability and digitisation efforts." Three decades of trust At its core, the story of Dubai Investments is one of trust, earned over 30 years through consistent delivery, transparent governance, and partnerships that stand the test of time. Its growth has not only expanded its shareholder base but also supported the UAE's ambition of becoming a regional hub for business, tourism, and innovation. From shaping large-scale industrial parks to redefining lifestyle experiences with projects like Danah Bay, Dubai Investments has continually evolved without losing sight of its founding mission: to enable inclusive, future-ready development that benefits all stakeholders. As the company enters its fourth decade, it does so with the confidence of experience and the clarity of a vision still unfolding.
