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Varanasi Stock：India’s 11.3 GW of coal-fired capacity launched in 2023 is highest since 2016

India’s 11.3 GW of coal-fired capacity launched in 2023 is highest since 2016

India, which maintains the world’s second largest operating coal-fired capacity, announced 11.3 gigawatts (GW) of new thermal power plants (TPPs) running on dry fuel — the highest in the last seven years.Varanasi Stock

According to the Boom and Bust Coal 2024 report by the Global Energy Monitor (GEM), the world’s second largest coal consumer, which accounts for more than a tenth of the world’s operating coal based capacity, added 5 GW of coal-fired power units last year, compared to 2 GW in 2022.

“In 2023, public and private sector actors introduced 11.4 GW of entirely new coal proposals in India, which is more than newly proposed capacity in any year since 2016,” the report said.

Although three-fourths (8.6 GW) of this new capacity is backed by government-owned enterprises, both at the central and State levels, private entities such as Essar and Adani Power also proposed the 1.2 GW Kajurda power station and 1.6 GW Raikheda expansion, it added.Kanpur Stock

The report pointed out that even as developments in 2022 projected mixed signals on the role of coal power in India’s future energy landscape, the advancements in coal plant proposals as well as government directives in 2023 indicate that India’s coal fleet could very well continue to expand for at least the next few years.Surat Investment

In December 2023, the Power Ministry announced plans to add nearly 88 GW of new thermal power plant capacity, much of which would be coal-fired, to the grid by 2032.

“With the central government having paved the way for massive coal power expansion in the coming years, private firms are heeding the call and have expressed interest in the financing and buildout of some of India’s proposed new coal capacity after years of private investment shares dwindling in the sector,” the report said.Varanasi Wealth Management

The national electricity plan has projected that 25.58 GW would likely be commissioned during 2022–2027, with almost again as much (25.48 GW) planned for commissioning from 2027–2032.

India commissioned 5.5 GW of new coal capacity in 2023, of which 1.8 GW is privately owned and the remaining 3.7 GW is owned by government enterprises—public sector undertakings (PSUs), state enterprises, or joint ventures between the two.

Last year, the report pointed out that 10 coal-fired units across six power stations received environmental clearances, totalling 7.3 GW of newly permitted coal capacity for the year. An even greater capacity of coal plant proposals moved forward in the permitting process, with 15.2 GW across twelve different plants receiving Terms of Reference (ToR) in 2023.

The year 2023 also witnessed 2.2 GW of shelved capacity, all of which was privately owned, be reactivated into the permitting process.

“Along with the government’s pledge to double coal production within the next four years, these developments make it clear that, despite recent progress toward increasing India’s renewable energy capacity, the country has no intentions of phasing coal down or out,” the report pointed out.

The GEM report pointed out that even as new retirement plans and phaseout commitments continue to emerge globally, less coal capacity was retired in 2023 than in any other single year in more than a decade.Agra Wealth Management

In 2023, 69.5 GW of global coal power capacity was commissioned while 21.1 GW was retired, resulting in a net annual increase in the global coal fleet of 48.4 GW, which is the highest net increase since 2016. It represents a 2 per cent annual increase in the global operating coal fleet, which currently stands at 2,130 GW.

380.8 GW of pre-construction capacity hangs in the balance — 92.8 GW is announced, 113 GW is in pre-permit development, and 175.1 GW is permitted. China accounts for 70 per cent of the capacity, with a total of 267.9 GW under consideration.

Nagpur Stock

Pune Stock：Business Development Companies (BDCs)

Business Development Companies (BDCs)

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advicePune Stock. The investment strategies mentioned here may not be suitable for everyoneMumbai Wealth Management. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market or economic conditions.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Jinnai Wealth Management

Alternative investments, including BDCs, are risky and may not be suitable for all investorsKanpur Wealth Management. Alternative investments often employ leveraging and other speculative practices that increase an investor’s risk of loss to include complete loss of investment and can be highly illiquid and volatile. Alternative investments may lack diversification, involve complex tax structures and have delays in reporting important tax information.

Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Kolkata Stocks

Kolkata Stocks

Ahmedabad Investment：Civilized Discourse Construction Kit

Civilized Discourse Construction Kit

Occasionally, startups will ask me for advice. That’s a shame, because I am a terrible person to ask for advice. The conversation usually goes something like this:

We’d love to get your expert advice on our thing.

I probably don’t use your thing. Even if I tried your thing out and I gave you my so-called Expert advice, how would it matter? Anyway, why are you asking me? Why don’t you ask your community what they think of your thing?

And if you don’t have a community of users and customers around your thing, well, there’s your problem right there. Go fix that.

Like I said, I don’t get asked for advice too often. But for what it’s worth, it is serious advice. And the next question they ask always strikes fear into my heart.

You’re so right! We need a place for online community around our thing. What software should we use?

This is the part where I start playing sad trombone in my head. Because all your software options for online community are, quite frankly, terrible. Stack Exchange? We only do strict, focused Q&A there and you’d have to marshal your proposal through Area 51Ahmedabad Investment. Get Satisfaction, UserVoice, Desk, etcetera? Sorry, customer support isn’t the same as community. Mailing lists? Just awful.

Forum software? Maybe. Let’s see, it’s 2013, has forum software advanced at all in the last ten years?

I’m thinking no.

Forums are the dark matter of the web, the B-movies of the Internet. But they matter. To this day I regularly get excellent search results on forum pages for stuff I’m interested in. Rarely a day goes by that I don’t end up on some forum, somewhere, looking for some obscure bit of information. And more often than not, I find it there.

There’s an amazing depth of information on forums.

A 12 year old girl who finds a forum community of rabid enthusiasts willing to help her rebuild a Fiero from scratch? Check.

The most obsessive breakdown of Lego collectible minifig kits you’ll find anywhere on the Internet? Check.

Some of the most practical information on stunt kiting in the world? Check.

The only place I could find with scarily powerful squirt gun instructions and advice? Check.

The underlying research for a New Yorker article outing a potential serial marathon cheater? Check.

I could go on and on. As much as existing forum software is inexplicably and terrifyingly awful after all these years, it is still the ongoing basis for a huge chunk of deeply interesting information on the Internet. These communities are incredibly passionate about incredibly obscure things. They aren’t afraid to let their freak flag fly, and the world is a better place for it.

At Stack Exchange, one of the tricky things we learned about Q&A is that if your goal is to have an excellent signal to noise ratio, you must suppress discussion. Stack Exchange only supports the absolute minimum amount of discussion necessary to produce great questions and great answers. That’s why answers get constantly re-ordered by votes, that’s why comments have limited formatting and length and only a few display, and so forth. Almost every design decision we made was informed by our desire to push discussion down, to inhibit it in every way we could. Spare us the long-winded diatribe, just answer the damn question already.

After spending four solid years thinking of discussion as the established corrupt empire, and Stack Exchange as the scrappy rebel alliance, I began to wonder – what would it feel like to change sides? What if I became a champion of random, arbitrary discussion, of the very kind that I’d spent four years designing against and constantly lecturing users on the evil of?

I already built an X-Wing; could I build a better Tie Fighter?Nagpur Stock

If you’re wondering what all those sly references to Tie Fighters were about in my previous blog posts and tweets, now you know. All hail the Emperor, and by the way, what’s your favorite programming food?

Today we announce the launch of Discourse, a next-generation, 100% open source discussion platform built for the next decade of the Internet.

The goal of the company we formed, Civilized Discourse Construction Kit, Inc., is exactly that – to raise the standard of civilized discourse on the Internet through seeding it with better discussion software:

100% open source and free to the world, now and forever.Bangalore Wealth Management

Feels great to use. It’s fun.

Designed for hi-resolution tablets and advanced web browsers.

Built in moderation and governance systems that let discussion communities protect themselves from trolls, spammers, and bad actors – even without official moderators.

Our amazingly talented team has been working on Discourse for almost a year now, and although like any open source software it’s never entirely done, we believe it is already a generation ahead of any other forum software we’ve used.

I greatly admire what WordPress did for the web; to say that we want to be the WordPress of forums is not a stretch at all. We’re also serious about this eventually being a viable open-source business, in the mold of WordPress. And we’re not the only people who believe in the mission: I’m proud to announce that we have initial venture capital funding from First Round, Greylock, and SV AngelBangalore Stock Exchange. We’re embarking on a five year mission to improve the fabric of the Internet, and we’re just getting started. Let a million discussions bloom!

So now, when someone says to me …

You’re so right! We need a place for community around our thing. What software should we use?

I can reply without hesitation.

Bangalore Wealth Management

Ahmedabad Stock：Did the Tatas really have to merge Vistara with Air India？

Did the Tatas really have to merge Vistara with Air India？

The remnants though will be visible for a while, with aircraft livery change not being an overnight jobAhmedabad Stock. While airport counters, digital touchpoints and boarding gates may sport Air India colours, the interior and exterior of the aircraft will take time to change.

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A brand that was invested heavily by the Joint Venture had little chance of survival after Air India won the bid to purchase Air India, along with its subsidiary Air India Express and Air India’s stake in SATS. In November 2022, it became certain that Vistara would merge with Air India.

The initial estimates as released by Singapore Airlines were for the merger to be complete by March 2024Jaipur Wealth Management. Vistara had not made operating profits for even a single quarter when the decision and announcements were made about the merger.

The pandemic was still around and there were severe restrictions in various markets. Singapore Airlines was being bailed out by the local government and to justify loss-making investments would have been a challenging measure, especially without knowing how long the pandemic would last.

The first indication of the merger came a few months before the merger, when Air India stated its goal of having a 30% market share. It clearly was not possible without a merger with Vistara.

The biggest challenge that a loyal Vistara traveller sees post-merger is the service level, especially for premium passengers and post the fall of Jet Airways. Except for the pandemic times, for which Vistara apologised and reinstated its meal service levels, Vistara was much loved for its food and service.

As Air India scales up, apart from the aircraft issues that are being handled in one way or another – the service levels have not matched, and right from packaging to offerings – there continues to be a gap.

Airlines the world over have tried a low-cost offering subsidiary. From the biggies in the United States to some airlines in Europe and Singapore Airlines itself with Scoot – it’s LCC subsidiary, with which it also offers interline arrangements with full baggage transfer, single ticket issuance, and loyalty benefits.

Did India have a market for an air carrier being positioned as premium than Air India? A small and niche carrier that could be priced higher than Air India for its service and offerings and operate routes like those to London or metro routes in India?

Indeed the one airline benefit goes away, but the codeshare amongst carriers – which Air India is doing with its low-cost subsidiary Air India Express, could well handle passengers effortlessly. While every carrier has thought about a step-down approach and tried it, like Air India – AIr India Express, Singapore Airlines – Scoot, and Jet Airways – Jetlite, the thought of a step-up approach has not crossed the minds for most airlines.

Clearly, there were two things that would go against the thoughtSimla Stock. First and foremost, portraying Air India to be a lower brand. With a higher brand recall and a very long legacy, Air India was definitely not open to being overshadowed. Second, the cost. With Vistara’s finances not up to the mark, and the case being worse for Air India, it made sense to consolidate and come out stronger than have two loss-making entities compete with each other with arms-length competition as per law. Costs always triumph over everything else and so it did, this time around.

For an entity that is still coming out from the Indian Airlines – Air India merger, many calling it incomplete, a new merger is another challenge, especially at a time when it makes regular news for being fined, facing delays, or something else.

Bangalore Stock Exchange

Lucknow Stock：India’s coal import rises 13 per cent to 26 MT in April： mjunction

India's coal import rises 13 per cent to 26 MT in April： mjunction

New Delhi: India’s coal import rose by 13.2 per cent to 26.10 million tonne (MT) in April 2024 as buyers took fresh positions amid early onset of summer. The country had imported 23.05 MT of coal in the year-ago period, according to data compiled byLucknow Stock

This comes amid coal and mines minister G Kishan Reddy stating that India should increase domestic production of the and reduce coal imports.New Delhi Wealth Management

“India’s coal and coke imports in April 2024 through the major and non-major ports increased by 13.2 per cent over April 2023,” the data showed.

Of the total import in April, non-coking coal import stood at 17.40 MT against 15.15 MT in the year-ago monthUdabur Stock. Coking coal import was 4.97 MT against 4.77 MT.

“There was an increase in volumes…Going ahead, there may be continued demand from both the power and non-regulated sectors due to pre-monsoon restocking,” mjunction MD & CEO Vinaya Varma said.New Delhi Investment

Coal imports in April were up by 8.93 per cent as against March when imports stood at 23.96 MT.

India’s coal import rose by 7.7 per cent to 268.24 MT in FY24 driven by softness in seaborne prices and likelihood of increase in during summer.

Jaipur Stock

Ahmedabad Wealth Management：Rally Sends US Stocks Into Black For The Year

Rally Sends US Stocks Into Black For The Year

投资者对未来的乐观预期周一推动股市收高，标准普尔500指数今年以来也由累计下跌转为了上涨。尽管预计部分银行将根据政府压力测试的结果被迫提高资本金，但投资者并未因此卖出股票，相反却大肆买进股票，尤其是银行股，他们乐观地认为，经济正在接近底部，即将出现回升。Associated Press在纽约证交所工作的人们标准普尔500指数飙升29.72点，收于907.24点，涨幅3.39%，为4月9日以来的最大上涨点数和涨幅Ahmedabad Wealth Management。此前，标准普尔指数和其它主要股指在3月9日创出了12年低点。从那以来，标准普尔500指数累计上涨了34%，今年以来共上涨了0.44%，跃升至去年底收盘位上方。不过，股指仍远远低于19个月前的水平；标准普尔500指数较2007年10月9日创出的1565.15点的历史高点下跌了42%Udabur Investment。许多投资者仍持怀疑态度，他们警告说股市上涨得过快，这将延长今年夏季的回调时间。但从股市中已经撤出了大量的资金，因此即使是投资者人气的小幅回升──导致处于观望之中的数千亿美元资金中的一小部分发生转变──也足以带来强有力的反弹。加州Al Frank Asset Management的首席执行长蒙哥马利(Jeff Montgomery)说，现在没有人能预计底部是否已经到来。但我们已经看到与我们有业务往来的个人投资者以及金融顾问情绪上的变化。他们的心态是如释重负与乐观的结合Pune Investment。道琼斯工业股票平均价格指数也强劲上扬，不过今年以来仍下跌了约4%。周一道琼斯指数上涨214.33点，收于8426.74点，涨幅2.61%。但它的计算方法同标准普尔不同，因此标准普尔指数中一些涨幅巨大的股票，如微软(Microsoft)和通用电气(General Electric)对道琼斯指数的影响就较小Surat Stock。标准普尔10类成份股中只有3类在2009年至今实现了上涨：科技类股上涨19%；非消费必需品类股上涨11%；基础材料类股上涨19%。尽管金融类股自3月份以来出现了反弹，但2009年至今依然下跌。人气改变的一个信号是投资者愿意略过坏消息Mumbai Stock Exchange。标准普尔公司(Standard & Poor’s)的债券评级子公司宣布，包括美国银行(Bank of America)花旗集团(Citigroup)和富国银行(Wells Fargo)在内的23家银行可能面临下调评级的危险。但名单中的这些银行都大幅上扬，整体银行类股当天上涨了约15%。投资者也发现了经济正在触底的蛛丝马迹：成屋待完成销售量出现了上升，以及有报告显示印度制造业活动出现了复苏。同时，纽约商交所原油期货结算价创出了5个月高点。E.S. Browning相关阅读数据提振美股收盘走高 2009-05-05美国3月建筑支出及成屋签约销售数据均表现良好 2009-05-05美国股市初显希望之光 2009-05-04美股依旧笑春风 2009-05-04

Jaipur Wealth Management

Simla Wealth Management：East & Concord Partners

East & Concord Partners

Mr. JI Chaoyi is a Partner of Beijing East & Concord Partners Law Firm, the Managing Partner of the Beijing office, the Head of the Dispute Resolution department, the arbitrator listed in China International Economic and Trade Arbitration Commission, the arbitrator listed in Chongqing Arbitration Commission, the neutral listed in APEC Online Dispute Resolution (ODR) Service, the specialist mediator appointed by Singapore International Mediation Center. Additionally, MrSimla Wealth Management. Ji serves as a Member of the Council of Beijing Chaoyang District Lawyers Association and the Director of the Committee for International Exchanges and CooperationUdabur Wealth Management. MrJaipur Wealth Management. Ji is also an expert on the List of Lawyers with Expertise in Foreign-Related Legal Services of the Beijing Lawyers Association. MrGuoabong Stock. Ji has been invited as an expert invited by the World Bank in the Doing Business project from 2018 to 2021 in the field of small investor protection & enforcing contracts in ChinaSimla Investment. Mr. Ji also serves as an independent director of the listed company (688503) in the Chinese stock market (The Science and Technology Innovation Board; STAR Market).

Pune Investment

Bangalore Investment：Facebook’s ‘Meta’ move boosts tech firms

Facebook's 'Meta' move boosts tech firms

Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. [Photo/Agencies]

Stocks of metaverse-related companies in the A-share market soared dramatically after Facebook CEO Mark Zuckerberg announced on Thursday that the social media giant will change its parent company’s name to “Meta”, based on metaverse, to describe its vision for working and playing in a virtual world.Bangalore Investment

The term metaverse, as one of the hottest tech buzzwords, was coined by US science fiction writer Neal Stephenson in his 1992 novel Snow Crash, which was set in a near future where the virtual world and the physical world are inextricably interconnected.

Shares of online gaming provider Shenzhen Zqgame Network Co Ltd surged by the daily limit of 20 percent on Friday, while Zhejiang Jinke Tom Cultural Industry Co Ltd, the company operating the Talking Tom Cat app, saw its share price skyrocket by 14.8 percent to close at 4.41 yuan ($0.69) on the Shenzhen Stock Exchange.

Experts said there is still a long way to go to realize the vision of a metaverse, as the supporting technologies, application scenarios and business models are far from mature. The development of the metaverse will have an impact on six key areas－social connectivity, work, entertainment, shopping, education and the digital economy, according to global marketing consultancy IDC.

“The metaverse has the potential to change the way we live and become the next digital phenomenon. Although the era of the metaverse is still years away, businesses should partner with game developers and hardware vendors to start building the ecosystem and plan for new online service models for the upcoming virtual worlds before it is too late,” said Liao Yexi, a research analyst at IDC Asia/Pacific.

A batch of Chinese companies are jumping on the metaverse bandwagon, and combining metaverse elements into the research and development of game products.Kolkata Wealth Management

“The so-called metaverse refers to creating an immersive virtual space in which users could enjoy interactive experiences such as cultural, social and entertainment activities,” said Chang Qing, chief strategist of Beijing Compass Technology Development Co Ltd, a provider of professional financial data analysis and securities investment advisory services.Nagpur Investment

However, at present, the application scenarios and profit models of the metaverse are not clear, Chang said, suggesting that investors should make rational decisions and remain cautious about the potential risks of blind speculation in the stock market.

Both virtual reality and augmented reality technologies are vital components to create a sense of virtual presence in the metaverseAgra Stock. Global accounting firm PwC predicted that VR and AR technologies will deliver a $1.5 trillion boost to the global economy by 2030, compared with $46.5 billion in 2019.

Wang Peng, an associate professor at the Hillhouse Research Institute at Renmin University of China, said the global digital transformation and the advancement of cutting-edge technologies, such as virtual reality, cloud computing, big data and artificial intelligence have played a critical role in promoting a vision of the metaverse.Kolkata Investment

Simla Stock

Hyderabad Investment：Red Hat Honours National Stock Exchange India Limited, Bank of India (BOI), Multi Commodity Exchange of India Limited and Tata Motors for Pioneering Open Source Initiatives at the Red Hat APAC Innovat

Red Hat Honours National Stock Exchange India Limited, Bank of India (BOI), Multi Commodity Exchange of India Limited and Tata Motors for Pioneering Open Source Initiatives at the Red Hat APAC Innovat

Red Hat, Inc., the world’s leading provider of open source solutions, announced the winners of the Red Hat APAC Innovation Awards 2024 for India today. Red Hat recognised the noteworthy milestones achieved by National Stock Exchange India Limited, Bank of India (BOI), Multi Commodity Exchange of India Limited and Tata Motors for their innovative use of Red Hat solutions to address evolving business solutions.

In the dynamic landscape of artificial intelligence, enterprises grapple with the dual challenge of managing escalating infrastructure costs alongside evolving business demands. As organisations navigate through the varying stages of AI adoption, those in the exploration phase are strategically evaluating AI applications tailored to their specific business needs. On the other hand, organisations with more sophisticated use of AI are focused on sustaining their AI initiatives to maintain momentum. Embodying this year’s theme, “Unlock what’s next”, the Red Hat APAC Innovation Awards celebrates customers who have harnessed the power of open source technologies creatively to drive transformation and innovation. These awards celebrate achievements of the 31 winners across all maturity stages in AI, showing how businesses across the region have successfully leveraged Red Hat solutions to overcome challenges and pioneer new customer-centric solutions.

According to the Red Hat 2024 Global Tech Trends, 27% of the enterprises in APAC see integration issues as the top barrier to successful digital transformation, followed by skillset or talent gaps at 26%, and technical debt in legacy infrastructure at 25%. These findings highlight the importance of innovative solutions in the awards’ five key categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-Native Development, Automation, and ResilienceHyderabad Investment. As organisations continue to prioritise IT security as a primary funding focus to enhance efficiencies and mitigate costs amidst uncertain economic sentiments, these categories reflect areas that can empower organisations to navigate business challenges faced today.

The winners were chosen for their exemplary use of Red Hat solutions, demonstrating significant contributions to their business objectives. Each organisation exemplifies the transformative potential of open source technology, pioneering advancements in business processes, enhancing productivity, fostering innovation, and fortifying resilience in the face of challenges. Their success stories underscore the pivotal role of Red hat in empowering enterprises in 13 countries across the APAC region to achieve unparalleled growth through strategic deployment of open source solutions.

The awards comprise five categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation and Resilience.

Category: Automation

Winner: National Stock Exchange India Limited

National Stock Exchange India Limited (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).

As part of its Digital Transformation and innovation journey, NSE has adopted an “automation first” strategy to enhance enterprise-wide transformation and resiliency. This forward-thinking approach leverages advanced technology tools, skilled personnel, streamlined processes and facilitated cultural shifts to meet the dynamic demands of the capital market in India. NSE’s innovative practices have set global standards, achieving a world record of 1971 crores (19.71 billion) orders and 28.55 crore (280.55 million) trades in a single trading day. This initiative has led to significant cost savings, resource optimization, and accelerated infrastructure deployment, all while maintaining stringent security compliance. A key component to this initiative is Red Hat Ansible Automation Platform, which has been instrumental in reducing manual IT tasks and boosting IT staff productivity within NSE.

Category: Digital Transformation and Hybrid Cloud Infrastructure

Winner: Bank of India (BOI)

Bank of India (BOI) offers a wide range of financial products and services including deposits, loans, credit cards, insurance, and investment products to customers of various scales. With the vision to become the bank of choice for corporates, medium business and upmarket retail customers, as well as developmental banking for small business, mass market and rural markets, BOI saw the importance in keeping up with changing customer behaviour and rapidly increasing competition.To reshape traditional banking practices via implementing digital technologies, BOI worked with Red Hat to revamp their mobile and internet banking services, providing these products under one single digital umbrella – the BOI Omni Neo app.

Since BOI embarked on its migration of legacy architecture, the deployment of Red Hat OpenShift Container Platform has improved the customer experience with a more responsive and interactive user interface and enhanced security features. Beyond delivering better user experience, the app also enabled faster time to market for new product launches. Having witnessed success with the BOI Omni Neo app, the bank is now expanding the use of OpenShift to provide innovative applications in the areas of digital payments and analytics.

Category: Digital Transformation and Resilience

Winner: Multi Commodity Exchange of India Limited

Having commenced operations on Nov 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s leading commodity derivatives exchange with a market share of about 98 percent in terms of the value of commodity futures contracts traded in the financial year 2024-25 (April – June 2024). With pan-India presence, MCX serves as a dynamic platform for the Indian commodity market ecosystem, offering dual advantages of fair price discovery and efficient risk management as well as a clearing and settlement system through its subsidiary, MCXCCL. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices.

In October 2023, the Exchange successfully migrated to a new trading platform, marking a key milestone in the MCX journey to build a next- generation technology infrastructure for the commodity market that was aligned with the Exchange’s strategic vision encompassing capacity building, enhanced user experience and scalability.

With Red Hat’s leadership in the enterprise open source space, MCX consideredRed Hat a trusted partner capable of providing an enterprise platform that meets the organization-wide operating system requirements with container capabilities. It helped in the successful migration of the trading, risk management and clearing & settlement systems to the new platform, which could accommodate the growing business requirements.

Category: Cloud-Native Development and Resilience

Winner: Tata Motors

Tata Motors is a global automobile manufacturer and is one of India’s biggest automobile manufacturing companies with an extensive range of integrated, smart and e-mobility solutions in its portfolio. It had gotten to a point where securing the organisation’s website and applications became imperative for the organisation as it continued to expand. As unauthorised access to protected data would incur millions of dollars in various financial penalties, the IT department had to limit user access to critical information within the organisation and ensure that access to these corporate resources was protected. Assigning and tracking user privileges could no longer be done manually, due to its high risk of error, leading the organisation to turn to alternative solutions for Identity and Access Management (IAM).

The deployment of Red Hat Single Sign-On enabled Tata Motors to automate most of these high-risk tasks. It also eased the coordination of multiple resources by merging them together, providing a one-stop solution that managed all the organisation’s identity under a centralised database.

Supporting Quotes

Marshal Correia Vice President and General Manager, Red Hat India & South Asia

“The Red Hat APAC Innovation Awards highlight how our customers in India are using open source to drive transformative change. From modernising systems to integrating AI and automation, these organisations showcase agility and resilience, demonstrating how open source is shaping the future of business by helping companies overcome today’s challenges and seize tomorrow’s opportunities.”

Sampath Manickam, Chief Technology Officer, National Stock Exchange India Limited

“The current scale of business that we manage here at NSE does not allow any room for error or lapses in security compliance. We are glad that the deployment of Red Hat Ansible Automation Platform has significantly enhanced our overall operational efficiency. This has enabled our systems to handle high volumes of transactions seamlessly while meeting all security compliance demands. Once again, Red Hat has proven to be a strategic partner in our automation journey.”

Sudhiranjan Padhi, Chief General Manager, Bank of India (BOI)

“The bank has envisaged the BOI Omni Neo app to deliver not only business growth at an accelerated rate, but also improved customer experiences for our users. We have witnessed the performance impact of this project through enhanced customer satisfaction he Bank is now able to provide over 340 services to customers through a safe and secure platform i.e. Red Hat OpenShift.”

Dr. N. Rajendran, Chief Digital Officer, MCX India LimitedNew Delhi Stock Exchange

“MCX is the first exchange in India to successfully migrate its entire trading, risk management, clearing, and settlement systems using a “big bang” approach to new systems based on enterprise open source solutions by Red Hat. This supported increasing capacity and enabled faster resolution of VAPT observations as well as other patch management requirements. It stands testimony for other enterprises on how pursuing digital transformation and embracing enterprise open-source could prove helpful in transforming their business.“

Guoabong Investment

Indore Investment：Coinbase CEO Brian Armstrong owns close to $14 billion of company stock ahead of market debut

Coinbase CEO Brian Armstrong owns close to $14 billion of company stock ahead of market debut

“Because we are a founder-led company, actions by, or unfavorable publicity about, Brian Armstrong, our co-founder and Chief Executive Officer, may adversely impact our brand and reputation,” the filing says. “Such negative publicity also could have an adverse effect on the size and engagement of our customers and could result in decreased revenue, which could have an adverse effect on our business, operating results, and financial condition.”Indore Investment

Armstrong is heavily incentivized to keep the momentum goingJaipur Stock. He was paid a salary of $1 million last year, though his total compensation topped $59 million with all his option awards.Jaipur Investment

In August, Armstrong was granted a multibillion-dollar performance award, giving him the ability to purchase 9.29 million options at $23.46 over 10 years. The awards are all based on the company❼stock trading at a certain price for 60 daysVaranasi Investment. Based on the private market price, roughly three-quarters of the award will vest in short order. The highest tranche vests at $400.Mumbai Investment

Mumbai Stock Exchange