Latest news with #ofAgreement
Mid East Info
08-07-2025
- Business
- Mid East Info
AUS students to benefit from practical training and industry exposure through new partnership with Ghaf Labs
Sharjah, UAE,July 2025 – Following the signing of a Memorandum of Agreement (MOA) between American University of Sharjah (AUS) and Ghaf Labs–FZCO (Ghaf Labs), a Dubai-based blockchain advisory and consultancy firm, AUS students will gain expanded access to internships, research collaborations, field visits and knowledge-sharing opportunities in emerging technical fields. The agreement was signed under the AUS Engineering Al Nukhba Program, which establishes industry collaborations in research, development, training programs, internships, exchange of information and personnel, joint supervision of students' capstone projects and field trip visits. Dr. Fadi Aloul, Dean of the AUS College of Engineering, said: 'This collaboration with Ghaf Labs opens valuable pathways for our students to interact directly with the frontiers of digital innovation,' said Dr. Fadi Aloul, Dean of the AUS College of Engineering. 'We are very excited about this collaboration because it involves Web3, blockchain, AI and advanced technologies—areas we have strategically embedded into all 24 of our programs under CEN 2.0 major curriculum revamp. By engaging with professionals in these emerging sectors, our students will enhance their technical competencies and gain insights into real-world applications that complement their academic training.' Under the agreement, Ghaf Labs will offer internship opportunities that align with students' academic and professional goals. The collaboration also includes joint supervision of selected capstone and research projects whenever feasible, cooperation on research and development initiatives, expert-led sessions and organized visits to industry settings. 'At Ghaf Labs, we believe that shaping the future of technology starts with empowering the next generation. Partnering with AUS allows us to co-create a space where innovation meets education. This collaboration reflects our commitment to cultivating regional talent in blockchain, Web3, and AI. By mentoring students through real-world projects, we're building not just careers—but a thriving safe digital economy,' said Feras Al Sadek, Co-Founder, Board Member and Managing Partner at Ghaf Labs. Ghaf Labs specializes in management consulting, marketing research and consulting, and Distributed Ledger Technology services. They also offer IT consulting for industries involved in Web3, blockchain, the metaverse and other digital asset sectors. This partnership is part of the College of Engineering's broader mission to foster meaningful engagement between academia and industry. Through initiatives like the Al Nukhba Program, the college continues to provide students with access to cutting-edge technologies, real-world challenges and professional networks that prepare them to lead in a rapidly evolving global workforce.
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Business Standard
07-07-2025
- Business
- Business Standard
Shipping Corporation shares rise 5% in trade; here's what's boosting rally
Shipping Corporation of India (SCI) shares climbed 4.5 per cent in trade, logging an intraday high at ₹231.45 per share. At 9:45 AM, Shipping Corporation shares were trading 4.29 per cent higher at ₹230.85 per share on the BSE. In comparison, the BSE Sensex was flat at 83,435.09. The company's market capitalisation stood at ₹10,752.97 crore. Its 52-week high was at ₹384.8 per share and 52-week low was at ₹138.25 per share. Why were SCI shares buzzing in trade? The northward movement in the stock came after the company executed a Memorandum of Agreement (MoA) for the acquisition of two second-hand Very Large Gas Carriers (VLGCs). SCI informed investors about the development after market hours on Friday. "SCI has executed a Memorandum of Agreement (MoA) on July 4, 2025, for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of approximately 82,000 CBM," the filing read. These two VLGCs are expected to be inducted into the SCI's fleet during the current quarter of FY 2025–26, exchange filing added. Track Stock Market LIVE Updates SCI Q4FY25 result details In the quarter ended March 31, 2025, the company reported consolidated net profit at ₹185.14 crore, as compared to ₹307.28 crore a year ago. Its revenue for the quarter under review stood at ₹1,325.2 crore, as compared to ₹1,412.5 crore a year ago. Total expenses for the quarter stood at ₹1,242 crore as against ₹1,286.5 crore a year ago. About Shipping Corporation of India The Shipping Corporation of India (SCI), a Navratna public sector undertaking under the Ministry of Ports, Shipping and Waterways, is an Indian shipping company with a presence across all major segments—tankers, bulk carriers, containers, offshore vessels, break-bulk operations, and coastal and passenger services. SCI's vision is to be India's primary flag carrier for overseas and coastal trade and a leader in global maritime logistics, while its mission emphasises maintaining its 'Numero Uno' position in Indian shipping.
New Indian Express
30-06-2025
- Business
- New Indian Express
NLC arm, Assam Power utility ink pact
CUDDALORE: NIRL Assam Renewables Limited (NARL) and Assam Power Distribution Company Limited (APDCL) signed a Deed of Agreement on Friday to develop renewable energy projects in Assam. The agreement was formalised during the 2nd North-East Mining Ministers' Conclave in Guwahati, in the presence of Union Coal and Mines Minister G Kishan Reddy, Assam Chief Minister Himanta Biswa Sarma, and other dignitaries. In the first phase, NARL will set up a 500 MW solar power plant at Lahorijan in Karbi Anglong district, part of a planned 1000 MW renewable energy initiative. Under the agreement, APDCL will transfer 8000 bighas of land to NARL for the project's execution. Prasanna Kumar Motupalli, CMD of NLC India Limited, said the project reflected the Centre's commitment to sustainable energy transition. He said the solar plant would strengthen the region's energy security, support the Government's Viksit Bharat 2047 vision, and empower communities through clean energy. Future plans include Pumped Storage and Battery Energy Storage Systems, which will help Assam meet its Renewable Purchase Obligations and build long-term energy resilience. The agreement underlines the importance of public sector partnerships in expanding green energy infrastructure across the North East.
Hans India
25-06-2025
- Business
- Hans India
AP Cabinet nod for new land pooling norms in Amaravati
Vijayawada: The state Cabinet, chaired by Chief Minister Nara Chandrababu Naidu, on Tuesday gave its nod for the Andhra Pradesh Capital Region Land Pooling Scheme Formulation and Implementation Rules 2025. It also approved several other proposals. Speaking to the media at the Secretariat after the Cabinet meet, Information and Public Relations (I&PR) Minister K Parthasarathy said the land pooling rules were framed with an aim to transform Amaravati into a global city, a financial powerhouse for the state, attracting international educational institutions, establishing an airport, and fulfilling other development requirements. "The Andhra Pradesh Capital Region Land Pooling Scheme Formulation and Implementation Rules 2025 have been approved, keeping the future in mind and to ensure competitiveness with other major cities in the country,' Parthasarathy said. All land parcels identified under the land pooling scheme will be brought under a uniform framework, unlike the earlier system where different parcels followed different rules, he added. The government, which already acquired 54,000 acres through land pooling, aims to acquire an additional 40,000 acres to transform the region into a metropolis by integrating Guntur, Vijayawada, Mangalagiri, and Tadepalli. The minister said the land pooling rules had been designed to benefit farmers. Besides the land pooling norms, the Cabinet also approved orders to issue Letters of Agreement (LOA) to three contractors - NCC, Shapoorji Pallonji, and L&T - for the construction of 69 lakh sq ft of office space in Amaravati. These projects include the construction of the Heads of the Departments' towers and the General Administration Department (GAD) towers. Parthasarathy explained that the Cabinet approved orders for NCC to build two GAD towers at Rs 844 crore, L&T to construct another two GAD towers at Rs 1,247 crore, and Shapoorji Pallonji to build HoD towers at Rs 1,423 crore. Similarly, it has given a nod for a proposal to lease 55 acres of land to the Indian Institute of Legal Education and Research at the rate of Re 1 per sq m per annum in Amaravati. Parthasarathy said the state had initially planned to allot land for the institution at Rs 50 lakh per acre, but dropped the idea as the total cost would have been Rs 25 crore, making the project unviable for the institution. Further approvals included the appointment of 40 town planning assistants in CRDA and the establishment of nine more Anna canteens. The Cabinet, led by the Chief Minister, also greenlit the AP Building Rules Amendment proposal, aiming to liberalise building regulations and stimulate construction activity across the state. Additionally, the Cabinet decided to appoint international tennis player Saketh Sai as a deputy collector under the sports quota. Further, the Chief Minister instructed ministers and MLAs to organise meetings in their respective constituencies to highlight the achievements of the NDA government over the past year. He also announced that a door-to-door campaign programme would commence from July 1.
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GMA Network
20-06-2025
- Business
- GMA Network
Coca-Cola Foundation Philippines Strengthens Water Access in Tingloy Island in Partnership with DENR and PBSP
Coca-Cola Foundation Philippines Inc. (CCFPI) continues to strengthen its commitment to help address water access and waste management in the country. It signed a Memorandum of Agreement on May 20, 2025 to formally launch the Flowing Opportunities: Clean Water, Healthy Ocean, and Entrepreneurship Project, aimed at providing clean water and supporting sustainable livelihoods for the island communities in Tingloy, Batangas. With a 5-year grant from CCFPI, Philippine Business for Social Progress (PBSP) and the Department of Environment and Natural Resources (DENR) will work together as key partners in technical support, implementation, and community engagement. (L-R) Ma. Cecilia L. Alcantara, President of CCFPI; Carlos Primo David, DENR Undersecretary for Integrated Environmental Science; Tony Del Rosario, President of Coca-Cola Philippines and Chairman of the Board of CCFPI; and Elvin Ivan Uy, Executive Director of PBSP, during the MOA signing held at the Coca-Cola Philippines office. 'With our water stewardship programs, Coca-Cola Foundation Philippines has been helping fund projects to provide access to safe water in local communities in the country,' said Tony Del Rosario. 'The Flowing Opportunities project exemplifies our long-term vision to help build more water-secure communities through innovative and sustainable solutions. Combining clean water access with livelihood opportunities enables us to empower communities while contributing to broader efforts in securing the country's water future.' Del Rosario added. A multi-sector approach to improving water access Tingloy is a remote municipality in Batangas that has long struggled with limited access to clean drinking water. The Flowing Opportunities project will establish two climate-resilient water refilling stations (WRS) in two barangays — Sto. Tomas and San Jose — each tailored to address the unique water challenges of the areas. In Brgy. Sto. Tomas, a solar-powered groundwater treatment facility will treat the area's groundwater supply. Meanwhile, the project will provide Brgy. San Jose with a solar-powered desalination system to convert its high saline water sources into potable water. These systems aim to address the long-standing water scarcity in Tingloy. The idea for the Flowing Opportunities project was conceived during a 2024 learning session hosted by PBSP's Water Alliance and CCFPI. During the event, DENR Undersecretary David noted the role of the private sector to help bring solar-powered water filtration to around 100 island communities as sustainable, community-run enterprises. He emphasized the need for community-led water enterprises that would sell treated water, ensuring both access and long-term sustainability of the systems. CCFPI joined forces with PBSP and DENR to develop a solution that is now underway in Tingloy, bringing safe water access and livelihood opportunities to its underserved communities. 'This initiative exemplifies our shared goal of providing more sustainable water solutions through collaborative effort. By working together, we can make a difference and improve the lives of these communities,' Del Rosario added. Sustaining the flow A key aspect of the Flowing Opportunities project is to build local capacity through the creation of a dedicated water association with an entrepreneurial mindset. PBSP and its partners will work with barangay local government units (BLGUs) to identify suitable people's organizations (POs) to manage the WRS. These POs will be formalized into Water Associations and trained to operate and maintain the system, ensuring its long-term sustainability and empowering the community to become self-sufficient. Beyond access to water, the initiative also supports sustainable solid waste management. Each barangay will be equipped with a materials recovery facility (MRF) or plastic bottle exchange storage. In partnership with Pure Ocean, these structures will serve as hubs for a 'palit-tubig' system, allowing residents to exchange plastic bottles for water to promote recycling and environmental awareness. The total project duration is 65 months, with continuous monitoring and progress reports to be submitted to CCFPI, DENR, and the LGU. This initiative reinforces CCFPI's commitment to water security and community empowerment, and supports The Coca-Cola Company's broader sustainability agenda on water stewardship, waste reduction, and community resilience. This article is a paid press release from Coca-Cola Philippines.
